CHARIIY COMMISSION FOR ENGLANO AND WALES ClalCY0un9 Sailorn F(wThJJtA)n 111771¥J6 Receipts and payments accounts CC16a Forth• p•rlod from To 01A11f2024 31112r2024 Section A Receipts and payments Unrestricted Endowment Total Lastyoar A1 RerAlpts CCR Ltd {£18001 Bee LLP I£Z31 Tolal C(rle Do[L¥ ArnazDn Photo Sa (VH Ph)to sa undr8ing * Ent und Ral&. Llnner Oired Pnwate DlhrS 1123 10 10 71 197 197 Sub total{Gnw income forARJ A2 Asset and Inve8tment ulo•. 18èe tablol. l534 1S34 1327 Sub totsl Total rn¢eipts 2.534 2.534 1327 A3 Paym•nts egasusVoyapE12D22 Trus15 Li21,Y In5LTan 2024 Trustees LI81lY In5wry 2025 Refund Photo sale R Ltd Payrnanl 9ank hargqs 374 nir¥wi 10 Sub tolal 8J7 62D $•1 an Invesknont purcha8•6, tabl•l Sub lotal 8J7 837 520 Net ol r•eelptsl(P8ynients) A6 Tr¥n¥fwB bgknn fund8 A6 Co¥h fund8 last yèar end Casli funds this year end 1,697 1.697 1.807 6,396 8.093 6.396 8.093 Section B Statement of assets and liabilities at the end of the period unstriCted funds Restricted funds Endowment fund# Catsgor198 D•tal 81 Cash fund8 CCXX R1 accounts ISSI 23110r2025
Tolal ¢ash funds I093 fvnd¥ to n••r•£ fund• iDÈtajls {Oon} B3 Investment assets Curr**Y•luo IDetslls 84 Assets retalned for tho charity's own uso F¥Thl tOTAthkh Detrils 85 LlabSlltl8s '.nd by om orts4t) tru8¢won b8ha of 811 Ihe tru&ees Pmt N¥ . Date of wroyal 24110r2025 CCXX R2 accounts (SS> 23110r2025
CHARITY COMMISSION FOR ENGLANO AND WALES Trustees, Annual Report for the period From 1st Jan 2024 To 31 Dec 2024 Charity name: Classic Young Sailor3 Foundation Charity registration number: 1177006 Objectives and Activities Summary ofthe purposes of Pwa 1.17 the Gharity as set OLrt in its governing document To provlde salllng opportunities for young people, partlcularty those who would nol nornially get an opportunlty lo 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 There were no grants made in 2024 Statement ¢onfimiing whelher the twstees have had regard lo the guidance issued by the Charty Commission on public benefit Para 1.18 The Trustees have had regards to the guidance of the CC. Additional information {optlonal) You may choose to include fijrther statements where levant about: Our Pollcy on Grant Maklng Is In accordance wlth our stated aims. Policy on grant making NIA i Pw•1.38 Policy on social investrnent including program related investment
, The Contrlbutlon from voluntsers (our , Trustees) was in the forni of ! management of the Charity, governance ! and safeguarding, allocation of funding Parn 1.38 Contribution made by volunteers Those TrusteesNoluntèers durfng the period ofthe report were." Gary Walker. Bruce Thorogood, Ben Morris, Steve Lacey, Petsr Costalas, Angela Parry. Achievements and Performance It was Intended durfng 2024 to support another voyage on the Island Trust's &?iling vessel Pegasus. However Island Trust sold Pegasus in 2024 and they did not then have anothèr suitable yacht , which could have been used for the 2024 j Classic Channel Regatta. Summary ofthe main achievements of the Gharity, identifying the dfftrence the charity's work has made to the cirCumstanS of its beneficiaries and any wider benefits to society as ' whole. i PaTr120 Addltlonal Infomiation (optional You may choose to include further statem8nts where relevant aboLrt: ' The Charity believes it achieved its aims I during 2024 Achievements against objectives set Para 1.41 i The Charity raised sufficient fvnds to meet its obioctivos Perfomance of fundraising activities against objectives | Par• 1.41 The Charlty has no Inveslment Income other than any Intsrest on bank deposits.. Investment performan against objectives . p1.41
structure, Governance and Management Description of charity's Type of goveming document Para 1.25 Standard CIO Trust Deed approved by the Chaiity Commission. The Chartty is a CIO How is the Gharity con5tTtuted? Para 12$ Trustee selection methods including details of any constf(utional provisions e.g. election to post or name of any person or body entitled to appoint one or more Parn 1.25 Each Trustee is appointed by the then currnnt Board of Trustees. No other person or body is able to appoinL Additional infomiation (optional) You may Ghoose to inGlude further statements where relevarrt about: The Charlty Is a small organlsation operating in a limited pool of expertise. It thereft)re has no fomial recruitment policies. Any Trustse chosen will need to demonstrate they have sufficient knowledge of saillng and preferabty sall training. They will need to demonstrate framiliarity with the workings of a charity which works with young peoplo, H&S in a marltime environment and safeguarding policies of the Charlty. The Charity 13 oryanised by having an activè Board of Trustees who are responsible for all decisions. Executlve actions may b8 delegated to one or more Trustee. It works closely with other organisations responsible for providing the type of sailing activities which meet the objectives. It has no "Related Partles". It works ¢108ety with the Classlc Channel Regatta | Llmitod whlch h•• provlded fund? for tho 1 CYSF. Policies and procedures adopted for the induction and training of trustees I P¥8 1.51 The charity's organisatK*nal structure and any wider neljvork with which the charity works Pdra 1ts1 Flelaiion3hlp wllh any rElate(I P¥r4 1.51 parties During 2024 The CYSF was able to fully fund its activities with assets and donations particularfy from the CCR Ltd. Other
Financial Review Review of the chaiity's financial position at the end of the peri¢xI statement explaining the policy for holding reseNes stating why they are held Pava 1.21 The Charity was solvent during this year of operation, it had or generated sufficient funds to meet its obligatlons. Parn 1.r2 The Charity aims to bulld on Its reserves so that 1¢ can again fund further voyages l on sail training vessels In accordance with its objectives. £8093 Amount of reserves held , Para 122 Reasons for holding zero reserves ., 122 NIA Detsils of fund materially in deficit . Para 1.24 Explanation of any UnrtaIntieS about the charity continuing as a going concem p1.23 None Additional inforn)ation (optional) You may choose to include further statements where relevant about.. The Charlty's prlnciple source of fundralsing are as follows. 11 The Classic Channel Regatta Limited 2) Fundraising during a Classic Channel Regatta 3) Fundraising from special events and appeals , 4) Donations from Companles and Individuals 5) Donations from other Charities supporling the aims ofthe CYSF The Charlty does not have any Investrnent vehicles. It holds all its reserves a$ cash in its bank accounL The charity's principal sources of funds (induding any fijndraising) i Parn 1.47 Investment policy and objectives including any social investment policy adopted Pwa 1.46 The Inablllty to ralse sufficlent funds to meet its objectives. A description of the principal P•r¥ 146 risks facing the charrty l Due to problems with several sail ,' training charities (including the Island Trust) we may find it more diffScult to find suitsble vehicles to support our 1 alms. Other
Reference and Administrative details Names of the charity trustees who manage the charity Dates acted rf not for wholfr y6ar Namè of rsOn {or body) entitled to appoint trustee Irf any) Trustse name Offi¢• frf •ry) Gary Walker Bwce Thorogood Ben Morris ifithole Year fithole Year Miole Year Steve LaY Peter Costalas Vthole Year 14NTrole Year Angela Pary Whole Year Corporate trustees - names of the directors at the date the repjrt was ap[0ved NIA Name of trustees holding title to property belonging to the ¢hanty NIA Funds held as custodian trustees on behalf of others Description of the assets ', NIA held in this capacity Additional information (Optional) Names and addresses of advlsers (Optlonal Infommtlon) Type of Name Address adviser NIA Namè of chid •xecutive or name8 of nIOr Jjtaff mffiib•r• (Optk*n•l Infomiationl NIA Exemptions from disclosure Reason for nonlsCIOSUre of key personnel details NIA
other optional infomiatlon The Charity is working to identify opportunities to place deservlng and disadvantaged young people on Classic Yachts in regattas. The charity has had great difficulty in Identifying suitable Classic Yachts which could be used and due to the sale of several of the likety candidates including the Island Trust's Pegasus. It was 8xploring options in the future Including placlng suitablo cand5dates on privat8 yachts but there are several problems with this which the Charity needed to find Solutions to. These are mainly to do with Safeguarding and Safety. It has subsequently been deemed too difficult for a small charity to consider placement on privats yachts. So no grants were made in support of the Charities aims. How8ver during 2025 we believe that we have identified a suitable candidate for chart8r and expect to be able to make a grant in support of thls in 2026. Declarations The trustees declarn that they have approved the trustees, roport al>ove. Signed on behalf of the c Signaturel rity's trustees Full name(s) Peter George Costslas Position {eg Trustee Secretsry. Chair, etc) Date 2*/-.