Trustees’ Annual Report for the period
From 1st Jan 2022 To 31 Dec 2022
Charity name: Classic Young Sailors Foundation
Charity registration number: 1177006
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To provide sailing opportunities for young people, particularly those who would not normally get an opportunity to sail |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The funding of a voyage of S/V Pegasus to participate in the 2022 Classic Channel Regatta. Which enabled the objects of the Charity to be met. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees have had regards to the guidance of the CC. |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Our Policy on Grant Making is in accordance with our stated aims. Para 1.38 Policy on grant making N/A Para 1.38 Policy on social investment including program related investment
| Contribution made by volunteers |
Para 1.38 | The contribution from volunteers (our Trustees) was in the form of management of the Charity, governance and safeguarding, allocation of funding |
|---|---|---|
| Other | Those Trustees/Volunteers during the period of the report were: Gary Walker, Bruce Thorogood, Ben Morris, Steve Lacey, Peter Costalas, |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The Charity achieved its objects during 2022 by funding a voyage on STV Pegasus to participate in the Classic Channel Regatta in June 2022. The cost of the participation of Pegasus c£11k was met entirely by the CYSF. Those participating as crew on Pegasus were all young persons who would not have had the opportunity otherwise. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | The Charity believes it achieved its aims during 2022 |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | The Charity raised sufficient funds to meet its objectives |
| Investment performance against objectives |
Para 1.41 | The Charity has no investment income other than any interest on bank deposits.. |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Charity was solvent during this year of operation, it had or generated sufficient funds to meet its obligations. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Charity aims to build on its reserves so that it can again fund further voyages on sail training vessels in accordance with its objectives. |
| Amount of reserves held | Para 1.22 | £4589 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | None |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The Charity’s principle source of fundraising are as follows. 1) The Classic Channel Regatta Limited 2) Fundraising during a Classic Channel Regatta 3) Fundraising from special events and appeals 4) Donations from Companies 5) Donations from other Charities supporting the aims of the CYSF |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | The Charity does not have any investment vehicles. It holds all its reserves as cash in its bank account. |
| A description of the principal risks facing the charity |
Para 1.46 | The inability to raise sufficient funds to meet its objectives. |
| Other | The current economic situation means that we may have to consider a reduced scope of funding activities. Recently (Aug 2023) we have been advised that the Island Trust is reducing its operations down to one vessel and selling STV Pegasus. This may impact on our ability to find suitable berths with the Island Trust. |
Structure, Governance and Management
| Description of charity’s |
||
|---|---|---|
| ~~t~~ ~~t~~ Type of governing document |
Para 1.25 | Standard CIO Trust Deed approved by the Charity Commission. |
| How is the charity constituted? |
Para 1.25 | The Charity is a CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more |
Para 1.25 | Each Trustee is appointed by the then current Board of Trustees. No other person or body is able to appoint. |
| ~~trustees~~ |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | The Charity is a small organisation operating in a limited pool of expertise (Classic Yachts). Because of this it has no formal recruitment policies. Any Trustee chosen will need to demonstrate they have sufficient knowledge of sailing in general and Classic Yachts in particular. They will need to demonstrate familiarity with the workings of a charity, H&S in a maritime environment and safeguarding policies of the Charity. |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | The Charity is organised by having an active Board of Trustees who are responsible for all decisions. Executive actions may be delegated to one or more Trustee. It works closely with other organisations responsible for providing the type of sailing activities which meet the objectives. |
| Relationship with any related parties |
Para 1.51 | It has no “Related Parties”. It works closely with the Classic Channel Regatta Limited which has provided funds for the CYSF. |
| Other | During 2022 The CYSF was able to fully fund its activities with assets and donations particularly from the CCR Ltd. |
Names of the charity trustees who manage the charity
| Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|
|---|---|---|---|---|
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Gary Walker | Whole Year | ||
| Bruce Thorogood | Whole Year | |||
| Ben Morris | Whole Year | |||
| Steve Lacey | Whole Year | |||
| Peter Costalas | Whole Year | |||
Corporate trustees – names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| N/A | ||
Reference and Administrative details
| Charity name | Classic Young sailors Foundation |
|---|---|
| Other name the charity uses | N/A |
| Registered charity number | 1177006 |
| Charity’s principal address | Blindwell Staverton Totnes |
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
N/A |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
|
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A
Other optional information
The Trust’s activities in 2022 centred around sponsoring a complete crew (8 people) aboard STV Pegasus for the 2022 Classic Channel Regatta in early July. The Sponsorship took the form of a direct payment to the Island Trust of £10,950 by the CYSF and the waiving of entry fees by the Regatta itself. The voyage consisted of two days racing in Dartmouth, an overnight passage race to Paimpol in France and a race around the Island of Brehat. Pegasus also joined in the social events of the week.
Highlighted extract from the Skipper of Pegasus on its participation
Thank you for an enjoyable week. I, my staff and the young people all had a great time, I can say that without a doubt. They all said how they would do this again. As always, the trips across the channel were a highlight. From the many dolphins that came to say hello and the glassy calm sea to the drifting through the night spotting shooting stars. For many, our time in Paimpol was special, the reception we got during our arrival leading the parade in, and just a chance for these young people to stop and explore a little bit of France was very special to them. The sail home was also cracking, averaging 8 knots and finally everyone was able to see Pegasus sailing at her best - we just wished we could have done more of that during the week!
Thank you again for organising such a fantastic opportunity, it really has had an impact on these young people. Thank you for all your support
Highlighted extract from a report from the mother of one of the Crew of Pegasus.
Just a quick hello attached to an enormous Thank you for all your kindness and belief in Young Carers.
My son’s granny and I are down at Plymouth for the weekend waiting for our son to return on Monday from his voyage to France. He is on Pegasus and having, truly, the time of his life.
He has just called us and I've never heard him so confident and excited ever. He said... Mum I'm loving in every single moment. He also asked to do the 12-4am night watch so he could see the night sky from the sea.
Note This placement came from the CYSF’s liaison with the Royal Southampton’s Youth Sailing Trust.
Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of tha ch Slgnature 's trustees Full namds) ' Peter GeoryJe Costalas Position (eg ,, Trustee Sg¢rntary, Chair, etc) , 1311012023
| Classic Young Sailors Foundation | Classic Young Sailors Foundation | Classic Young Sailors Foundation | Classic Young Sailors Foundation | Classic Young Sailors Foundation | 11177006 | 11177006 | CC16a | ||
|---|---|---|---|---|---|---|---|---|---|
| Receipts andpayments accounts | |||||||||
| For the period from |
Period start date | To | Period end date | ||||||
| 01/01/2022 | 31/12/2022 | ||||||||
| Section A Receipts and payments | |||||||||
| Unrestricted funds |
Restricted funds | Endowment funds |
Total funds | Last year | |||||
| to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | |||||
| A1 Receipts | |||||||||
| Beers LLP (£242.88) | - | ||||||||
| CCR Ltd (£6210) | - | ||||||||
| RDYST (£800) | - | ||||||||
| RSYST (£200) | - | ||||||||
| Total Corporate Donations | 7,453 | - | - | 7,453 | 4,226 | ||||
| Individual Donations via Stripe | 1,750 | - | - | 1,750 | 1,484 | ||||
| Amazon Smile | 5 | - | - | 5 | 5 | ||||
| Fundraising at Events | 908 | - | - | 908 | 992 | ||||
| Receipts Tee Shirts | - 0 | - | - | - | 735 | ||||
| HMRC Refunds | - 0 | - | - | - | 908 | ||||
| Direct Private Donatoions | 1,045 | - | - | 1,045 | 208 | ||||
| - 0 | - | - | - | ||||||
| Sub total_(Gross income for AR) _ | 11,161 |
- | - | 11,161 | 8,558 | ||||
| A2 Asset and investment sales, (see table). |
|||||||||
| - 0 | - 0 | - 0 | - | ||||||
| - 0 | - 0 | - 0 | - | - 0 | |||||
| Sub total | - 0 |
- 0 | - 0 | - | - 0 | ||||
| **Total receipts ** | 11,161 |
- 0 | - 0 | 11,161 | 8,558 | ||||
| A3 Payments | |||||||||
| Devon Tee Shirts | - 0 | - | - | - | 478 | ||||
| Island Trust Pegasus Voyage | 10,950 | - | - | 10,950 | 6,390 | ||||
| Refund T Shirt | - 0 | - | - | - | 12 | ||||
| Trustees Liability Insurance | - 0 | - | - | - | 408 | ||||
| Bank Charges | 63 | - | - | 63 | 5 | ||||
| - 0 | - | - | - | - | |||||
| - 0 | - | - | - | - | |||||
| - 0 | - | - | - | - | |||||
| - 0 | - | - | - | - | |||||
| **Sub total ** | 11,013 |
- | - | 11,013 | 7,293 | ||||
| A4 Asset and investment purchases,(see table) |
|||||||||
| - 0 | - 0 | - 0 | - | ||||||
| - 0 | - 0 | - 0 | - | ||||||
| **Sub total ** | - 0 |
- 0 | - 0 | - | - 0 | ||||
| **Totalpayments ** | 11,013 |
- 0 | - 0 | 11,013 | 7,293 | ||||
| **Net of receipts/(payments) ** | 148 |
- | - | 148 | 4,441 | ||||
| A5 Transfers between funds | - 0 | - | - | - | - | ||||
| A6 Cash funds lastyear end | 4,441 | - | - | 4,441 | |||||
| **Cash funds thisyear end ** | 4,589 |
- | - | 4,589 | 4,441 | ||||
| Section B Statement of assets and liabilities at the end of the period | |||||||||
| Categories | Details | Unrestricted funds |
Restricted funds | Endowment funds |
|||||
| to nearest £ | to nearest £ | to nearest £ | |||||||
| B1 Cash funds | Cash HSBC Account | 4,589 | - | - | |||||
| CCXX R accounts (SS) 1 |
1 | 02/10/202 |
02/10/2023
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