CHARIIY COMMISSION
FOR ENGLANO AND WALES
Cla￿lCY0un9 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(￿r￿le Do[￿*L¥
ArnazDn
Photo Sa￿ (VH
Ph)to sa
undr8i*ng * E*nt
und Ral&.￿ Llnner
Oired Pnwate Dl￿hr￿S
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
Trus1￿5 Li2￿1￿,Y In5LTan￿ 2024
Trustees LI8￿1￿lY In5wry 2025
Refund ￿ Photo sale
R Ltd Payrnanl
9ank
hargqs
374
ni*r¥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
un￿striCted
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
{O￿on*}
B3 Investment assets
Curr**Y•luo
IDetslls
84 Assets retalned for tho
charity's own uso
F¥Thl tOTAthkh
Detrils
85 LlabSlltl8s
'.￿n￿d 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 cirCumstan￿S 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
. p￿1.41

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
Un￿rtaIntieS about the
charity continuing as a going
concem
p￿1.23
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 La￿Y
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 non￿lsCIOSUre 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*/-.