## **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 Total cash fund5 4.5B9 Unr•strfotsd funds i Rastrlctod lunds ni EThd0￿nent fund¥ toneArESt £ to nMro¥tÉ . B2 Other monètary as80ts D•lar Fund towhkh •Mst' , Curr•ntv•l Iowion•ll 83 Investm9nt a880to Ostai CoBtlc¥l(Ydal) Curr•rtv•l 84 A888ts retsln•d for the CharIty￿ own u$• D•talls FufKI tr>whkh Wh4n duo Iwonall BS Llabllltlos Swjned by ore or tr￿ w t*hatr al all Ihè trusi*s SvJnabJ Print Nan• Date ofapproval "r4L+ CCXX R2 acuunts (SS) 02110r2023