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2021-12-31-accounts

REGISTERED COMPANY NUMBER: 01988352 (England and Wales)
REGISTERED CHARITY NUMBER: 293781

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2021

for
Christian Youth Enterprises Sailing
Centre

A.J. Bennewith & Co.
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU

Christian Youth Enterprises Sailing
Centre

Contents of the Financial Statements for the Year Ended 31 December 2021

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 25
Detailed Statement of Financial Activities 26 to 27 
Christian Youth Enterprises Sailing
Centre

Report of the Trustees for the Year Ended 31 December 2021

Thetrusteeswhoarealsodirectorsof thecharityforthepurposesof theCompaniesAct2006,presenttheirreport with
the financialstatementsof the charityfor the year ended31 December2021. The trusteeshave adoptedthe provisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).

They have also adopted the provisions of the Good Governance Code for the Voluntary and Community Sector.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity'sobjectiveis to advanceeducationin a broadsensein accordancewith the principlesof the Christian religion
amongpeopleof allagesandbeliefs.To thisend,CYESailingCentrewillworkextensivelybutnotexclusivelywith young
peoplethroughtheirschoolandleisuretimeactivities,seekingto developmental,emotionalandspiritualcapacities and
experienceof peopleof all ages. Volunteersare activelyencouragedto take part as activityleadersand helpers.There is  a
volunteers'coordinatorand appropriatepoliciesand proceduresare set out in the VolunteerManual.Trainingis given as
appropriate.Thevolunteerprogrammeis alsopartof theongoingleadershipdevelopmentof peopleunder25 years old.
Volunteersareinvolvedinallareasoftheorganisationincludingcentremaintenance&repairs, fundraising,
administration,cateringand activityprovisionand leadership.Their contributioncannotbe quantifiedalthoughit makes  a
big positive difference to the charity's ability to meet its aims & objectives.

Page 1

Christian Youth Enterprises Sailing
Centre

Report of the Trustees for the Year Ended 31 December 2021

ACHIEVEMENT AND PERFORMANCE

The Trusteesand CentreDirectorregularlyreviewwhat the centreis offeringand to whom,with a view to improving and
sometimesdiversifyingthealreadyimpressivelistofevents.Weusuallyrunweeklyeventssuchas"OnBoard", "Young
Guns YouthGroup"and eventsfor PACSO,a groupfor childrenwith disabilities,and theirfamilies,with whom we partner
to providewater-basedactivities.The centrecontinuesto benefitfromhavinga widerangeof volunteerstaffwho, along
withthepermanentstaff,consistentlyprovidea widerangeofexperiencesandchallengestothemanyclientswho visit
the centrewhetherit be for a day or a week.Many schoolswith childrenof variousages and from different backgrounds,
ethnicity,faiths,and abilityattendthe centreduringthe yearand we continueto receivea veryhighlevelof outstanding
feedbackacrossallareasofthecentre.TheHospitalityTeamonceagainachievedthehighestratingof5intheir Food
HygieneInspection.Theyremaincommittedto havinghealthyoptionsandwell-balancedmealsavailablethroughout the
events.

The Adventure Activities Licensing Authority has issued a current licence.
Royal Yachting Association continues to recognise CYESC as a training establishment.
CYE Sailing Centre is a British Canoeing approved centre.
The Charity is registered with ICO.

In 2021 the charity continued to be adversely affected by the COVID 19 pandemic and partially prevented
from trading by the continued UK Government regulations.

All but 2 staff were flexibly furloughed Jan- Mar and we once again benefitted from CJRS payments from
HMRC to support our salary expenses. During 2021 volunteers were not allowed on site for the first quarter
of the year.

Over Easter2021 the charityran 55 differentsmall (up to 10 person)individualnon-residentialevents,for all ages, closely
followingCOVIDprecautionsandregulations.ResidentialactivitiescouldstartinMay,withfamily,youth,and school
events.Apartfromthecancellationof 3 residentialcampsanda weekendof RYAcoursesdueto a Covidoutbreakat the
start of the school summer holidays, the charity was able to run a full programme from May until October.

NormallyinDecemberthestaffteamwouldtraveltoaround30schoolstodeliveraChristmasassemblymessage. This
wasnotpossibleforabouthalfoftheschoolsduetoCOVIDin2021andsotheydevelopedavideopresentation which
was circulated to those schools and widely viewed on YouTube by additional individuals.

The Trustees continue to meet at least four times a year, in addition to the many hours spent both
individually and collectively, seeking the best way forward for the on-going development of the charity.
Their main activity was monitoring financial performance in view of the Covid restrictions on guests and
therefore income.

In addition the trustees...

-Continuedtosupportthedesignanddevelopmentofplansfornewaccommodationandfacilitiestoreplace existing
staff accommodation, visitors changing and wash areas, stores & workshop through the building project team.

- Reviewed the Risk Register

- Monitored and complied with new regulations as they occurred

- Arranged Compliance Inspection & met or exceeded requirements

- Exercised good governance through the compliance check List

- Re-appointed trustees

Page 2

Christian Youth Enterprises Sailing
Centre

Report of the Trustees for the Year Ended 31 December 2021

FINANCIAL REVIEW

Review of 2021

DuetoCovid,incomefromSchoolsgroupsandindividualswaslowerthanusual.Inordertooffsetthislossof income,
budgets were severely cut and the majority staff placed part time on the government furlough scheme.

The LIFELINEappeallaunchedin 2020and supportedby many individualsand some trustscontinuedin 2021and raised a
further £45,000 in the financial year.

Excludingtangiblefixedassetsandrestrictedfundbalances,theunrestrictednetcurrentassets/fundsofthecharity at
31st December 2021 were £139,400 including reserves.

RESERVES POLICY

Unrestricted reserves

Thetrusteesrecognisetheneedforthecharitytomaintainfreereservessufficienttocover3months management,
administrationsupportcosts,andsuchunexpectedcostsas may arisefromtimeto time,shouldthe charitysufferfrom a
reductioninitsincome.Thetrusteesconsiderthatgiventhecharity'sloyalsupporterbaseandtheusualstrong demand
formostofitscoursesandevents,thislevelofreservesissufficientforthecharity'sneeds.Duetothegenerosity of
supporterstotheLifelineappealthecharityhasbeenabletosetasidereservesof£100kthisyeartocover3 months
essential running costs.

Restricted reserves

Additionalcapitalfundraisingtookplacein2021andrestrictedreservesof£206,000plusGiftAidduearenow held
specifically for the new building project, plus small additional funds for activity enhancement.

FUTURE PLANS

By the end of 2021,we had received£810,000fromour generousdonortowardsour new building,namedProject Delta.
Constructionwhichwas due to commencein Oct 2021 was postponeddue to variousdelaysoutsideour control. Planning
permissionhasnowbeengrantedandtendersforconstructionwillbesoughtearlyin2022,withbuildingdueinstart in
October.Thetrustees,inpartnershipwiththecentrestaff,areactivelyseekingtoutilisethesailingcentre'sfacilities to
the maximum capacity throughout the year and to provide a good, relevant, and diverse programme for all.

1.TofulfilthemissionofCYESCandtoincreasetheincomefromthenewopportunitiespresentedbyTSResolute, the
accommodation vessel.

2.TocontinuetoenabletheCentreDirectortooperateeffectivelywithresponsibilityforthemanagementofthe staff
and centre,marketing,media and financialcontrol.The trainingof the staff and runningof activitiescontinueto be under
the responsibility of the Chief Instructor.

3.Toincreasecurrentlevelsoffundraising,particularlyinregular(monthly/quarterly)donationstofundthegrowth of
reserves and the general operation of the work of CYESC.

4. CYESC will continueto providea wide rangeof activitiesfor childrenand adultsat the activitycentre,continuingto run
RYAcoursesandtoseektotrainpeoplefromallages,ethnicgroups,ablebodiedanddisabledinaspectsof physical,
mental and spiritual development.

5. To work together with other like-minded organisations to fulfil the mission of CYESC.

Page 3

Christian Youth Enterprises Sailing
Centre

Report of the Trustees for the Year Ended 31 December 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

ChristianYouthEnterprisesSailingCentreLimitedisacompanylimitedbyguarantee,asdefinedbytheCompanies Act
2006andaregisteredcharitygovernedbyitsMemorandumandArticlesofAssociation,whichwereamended and
updated in April 2012.

Trustees

Thetrusteeswhoservedduringtheyearandsincetheyear-end,areasdetailedonthecharityinformationpage. One
third(orthenearestnumbertoonethird)ofthetrusteesretirebyrotationateachAGM.Thetrusteestoretireshall be
thosewhohavebeenlongestinofficesincetheirlastelectionorappointment.Aretiringtrusteeshallbeeligible for
re-election.

Structure, governance and management

The boardof trusteesgovernthe charity,workingwith the CentreDirector,DevelopmentDirector,and staff.The trustees
havevariousportfolios,includingmedical,safeguarding,teaching,compliance,fleet,financeandhumanresources. All
trusteesare givensufficientand appropriatetrainingon appointmentand are usuallygivenresponsibilitiesfor which they
have previousexperienceand for whichtheyare alreadytrainedin theirprofessionallives.The trusteeshave undertaken
a"skillsaudit"toestablishanygapsintheircollectiveknowledgeandexpertisewithaviewtoactivelyrecruit suitable
persons going forward.

Related parties

Thecharity'swhollyownedsubsidiary,SussexEnterpriseMarineLimited(SEM),isresponsibleforrepairing and
maintainingTSResolute,andforpurchasingandmaintainingotherassetsasrequiredbytheparentcharity. Christian
YouthEnterprisesSailingCentreLimited(CYESC)alsohasacloserelationshipwithChristianYouthEnterprises (CYE),
registeredcharitynumber287857.CYE works alongsideCYESC with the objectiveof raisingfunds to enable disadvantaged
young people to attend Christian camps, and to enable training to be provided for outdoor activity leaders.

Risk management

Thetrusteeshaveexaminedthemajorstrategic,businessandoperationalriskswhichthecharityfacesandconfirm that
systemshavebeenestablishedtoenableregularreportstobeproducedsothatthenecessarystepscanbetaken to
reduce those risks. The risk assessment is reviewed annually in December.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

01988352 (England and Wales)

Registered Charity number

293781

Registered office

Jubilee Building
Chidham
Chichester
West Sussex
PO18 8TE

Page 4

Christian Youth Enterprises Sailing
Centre

Report of the Trustees for the Year Ended 31 December 2021

Trustees

The directorsof the charitablecompany(hereafterreferredto as 'thecharity')are its trusteesfor the purposesof charity
law and throughoutthis reportare referredto collectivelyas 'the trustees'.The trusteesservingduringthe year and since
the year-end are as follows:
C Crossley (Re appointed June 2020) Chairperson, Staff Liaison
N E N Doney (Re appointed June 2019) Development Director
R M Doney (Re appointed June 2020) Schools
N I Rees (Re appointed June 2021) Finance & Development Projects
R I Walker (Re appointed June 2019) Centre/Medical
C J Adams (appointed June 2021) Fleet and Projects
H Watts* (Did not re-stand 2021) Safeguarding
N Houston (Appointed June 2019) Company Secretary 
*A new trustee was sought to replace H Watts and E Slinn was appointed in March 2022 covering the same portfolio

Day to day management is delegated to:

Centre Director - Mark Sheldrake (appointed April 2018)
Development Director - Norman Doney

Company Secretary

N J F Houston

Independent Examiner

A.J. Bennewith & Co.
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU

Bankers

HSBC
17 Market Place
Blandford Forum
Dorset
DT11 7AG

COIF Charity Funds
CCLA Investment Management Limited
Senator House
85 Queen Victoria Street
London EC4V 4ET

Page 5

Christian Youth Enterprises Sailing
Centre

Report of the Trustees for the Year Ended 31 December 2021

PUBLIC BENEFIT

The centreis open to all peopleaged 8 and over and also for youngerchildrenwhen they come as part of a family's event.
In 2011we fullyreviewedandensuredthatCYESCbeliefsandpracticesof the Christianreligionare capableof advancing
religionforthepurposesof charitylaw (PublicBenefitAssessmentReport,July2009)andcontinueto do so, on a  regular
basis.

Volunteersareinvolvedinallareasoftheorganisationincludingcentremaintenance&repairs, fundraising,
administration,cateringand activityprovisionand leadership.Their contributioncannotbe quantifiedalthoughit makes  a
big positive difference to the charity's ability to meet its aims & objectives.

Thecentrehasa workingpartnershipwithPACSO(ParentsandCarersSupportOrganisation)andotherspecialist schools
andgroupsto helpwiththecareof disabledchildrenandtheirfamilies.Thecentreusuallyalsoruns"OnBoard",an RYA
schemeaimedatencouraginganyyoungpersontogetsailing.Duringtheyear£8453ofgrantsfromtheBursary Fund
operatedbyaseparatecharitywereawardedto72youngpeopleenablingthemtocometocentreforschooltrips, as
part of a family's weekend or on a sailing course.

Incompilingthisreport,thetrusteeshavegivendueregardtothepublicbenefitguidanceasissuedbythe Charity
Commission.As a missioncommunityof peopleobeyingthe call of God to proclaimthe gospelin all placesand to draw  all
peopleintoknowledgeofJesusChrist,CYESCworksoutitsPublicBenefitinseveralways.CYESCbelievesthat the
Christianfaithisofbenefittosocietyandindividualsbringingpersonaltransformationforpeaceandsocial harmony
whichgrowsfromwhatChristiansbelieveisGod'sultimatepurpose.MostpeopleareimpactedifChristians''live a
Christ-likelifeamongstthem,sharethe goodnewsof Jesus,demonstrateGod'slove,and prayerfullyexpectGod's power
to transform individuals, communities, and whole nations''.

CYESC seeks to demonstrate this benefit through its wide range of activities as detailed throughout the trustees' report.

Thisreporthas beenpreparedin accordancewiththe specialprovisionsof Part15 of the CompaniesAct 2006relating to
small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

..........................................................................
N E Doney - Trustee

Page 6

Independent Examiner's Report to the Trustees of Christian Youth Enterprises Sailing Centre

Independent examiner's report to the trustees of Christian Youth Enterprises Sailing Centre ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.

Responsibilities and basis of report

As thecharity'strusteesof theCompany(andalsoits directorsforthepurposesof companylaw)youareresponsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andareeligibleforindependentexamination,I reportinrespectof my examinationof yourcharity'saccountsas carried
outundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.Ican confirm
that I am qualifiedto undertakethe examinationbecauseI am a registeredmemberof Instituteof Chartered Accountants
in England and Wales which is one of the listed bodies.

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.

A J Bennewith
Institute of Chartered Accountants in England and Wales
A.J. Bennewith & Co.
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU

Date: .............................................

Page 7

Christian Youth Enterprises Sailing
Centre

Statement of Financial Activities

(Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Raising funds
Charitable activities
5
Direct charitable
Management and administration
Total
NET INCOME
Transfers between funds
18
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
231,670
346,840
310
4,139
582,959
1,938
567,620
10,613
580,171
2,788
14,853
17,641
1,060,537
1,078,178		 Restricted
funds
£
360,838
-
1,345
-
362,183
-
50,138
-
50,138
312,045
(14,853)
297,192
776,149
1,073,341		 31.12.21
Total
funds
£
592,508
346,840
1,655
4,139
945,142
1,938
617,758
10,613
630,309
314,833
-
314,833
1,836,686
2,151,519		 31.12.20
Total
funds
£
542,300
160,196
3,479
260
706,235
715
466,659
12,467
479,841
226,394
-
226,394
1,610,292
1,836,686 
The notes form part of these financial statements

Page 8

Christian Youth Enterprises Sailing
Centre

Balance Sheet

31 December 2021

Notes
FIXED ASSETS
Tangible assets
11
Investments
12
CURRENT ASSETS
Stocks
13
Debtors
14
Cash at bank
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
16
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
925,981
1
925,982
1,612
108,569
167,964
278,145
(125,949)
152,196
1,078,178
-
1,078,178		 Restricted
funds
£
-
-
-
-
-
1,073,341
1,073,341
-
1,073,341
1,073,341
-
1,073,341		 31.12.21
Total
funds
£
925,981
1
925,982
1,612
108,569
1,241,305
1,351,486
(125,949)
1,225,537
2,151,519
-
2,151,519
1,078,178
1,073,341
2,151,519		 31.12.20
Total
funds
£
951,066
1
951,067
1,690
125,806
914,808
1,042,304
(126,685)
915,619
1,866,686
(30,000)
1,836,686
1,060,537
776,149
1,836,686 
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 December 2021.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

Page 9

Christian Youth Enterprises Sailing
Centre

Balance Sheet - continued

31 December 2021

The trustees acknowledge their responsibilities for

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.

The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issueon .............................................
and were signed on its behalf by:

.............................................

N E Doney - Trustee

The notes form part of these financial statements

Page 10

Christian Youth Enterprises Sailing
Centre
Cash Flow Statement
for the Year Ended 31 December 2021
31.12.21
Notes
£
Cash flows from operating activities
Cash generated from operations
1
362,215
Net cash provided by operating activities
362,215
Cash flows from investing activities
Purchase of tangible fixed assets
(26,494)
Sale of tangible fixed assets
5,950
Interest received
1,655
Loaned to subsidiary
13,171
Net cash (used in)/provided by investing activities
(5,718)
Cash flows from financing activities
New loans in year
-
Loan repayments in year
(30,000)
Net cash (used in)/provided by financing activities
(30,000)
Change in cash and cash equivalents in the
reporting period
326,497
Cash and cash equivalents at the beginning
of the reporting period
914,808
Cash and cash equivalents at the end of the
reporting period
1,241,305		 31.12.20
£
267,272
267,272
(10,857)
250
3,479
9,869
2,741
30,000
(10,000)
20,000
290,013
624,795
914,808 
The notes form part of these financial statements

Page 11

Christian Youth Enterprises Sailing
Centre

Notes to the Cash Flow Statement

for the Year Ended 31 December 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Loss/(profit) on disposal of fixed assets
Interest received
Decrease/(increase) in stocks
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by operations
2.
ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.21
£
Net cash
Cash at bank
914,808
914,808
Debt
Debts falling due within 1 year
(2,000)
Debts falling due after 1 year
(30,000)
(32,000)
Total
882,808		 31.12.21
£
314,833
44,663
967
(1,655)
78
4,065
(736)
362,215
Cash flow
£
326,497
326,497
-
30,000
30,000
356,497		 31.12.20
£
226,394
43,909
(250)
(3,479)
(788)
(28,923)
30,409
267,272
At 31.12.21
£
1,241,305
1,241,305
(2,000)
-
(2,000)
1,239,305		 
The notes form part of these financial statements

Page 12

Christian Youth Enterprises Sailing
Centre

for the Year Ended 31 December 2021

Notes to the Financial Statements

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordancewith the Financial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financialstatementshave been preparedunder the historicalcost convention,with the exception of
investments which are included at market value.

The charitable company is limited by guarantee.

Income

All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhas entitlementto the funds,it  is
probable that the income will be received and the amount can be measured reliably.

Course deposits are recognised in the accounting period in which the course takes place.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethata transferofeconomicbenefitswillberequiredinsettlement and
the amountof the obligationcan be measuredreliably.Expenditureis accountedfor on an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.

Tangible fixed assets

Tangiblefixedassetsarestatedatcost.Allboatspurchasedarecapitalised,butotherassetscostingless than
£2,000arenotcapitalised.Depreciationis providedat thefollowingannualratesinorderto writeoffthecost of
each asset over its useful economic life:
Site buildings 2% straight line
Site furniture and equipment 25% reducing balance & 10% straight line
Barge 2% straight line
Barge furniture and equipment 25% reducing balance
Fleet 15% reducing balance
Motor vehicles 25% reducing balance

Stock

Stockisvaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete and
slow-moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscan onlybe usedfor particularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.

continued...

Page 13

Christian Youth Enterprises Sailing
Centre

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES - continued

Fund accounting

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitablecompanyoperatesa definedcontributionpensionscheme.Contributionspayableto the charitable
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Programme-related investments and concessionary loans

Programme-relatedinvestmentsandconcessionaryloansaremadewhollyorinparttoadvance charitable
purposes and not solely to achieve a financial return.

Programme-relatedinvestmentsandconcessionaryloansareinitiallyrecognisedattheamountpaidor received.
Thecarryingamountofloansisadjustedinsubsequentyearstoreflectrepaymentsandanyaccrued interest
payable or receivable.

2. DONATIONS AND LEGACIES

Donations
Gift aid
Grants
OTHER TRADING ACTIVITIES
Shop sales
Fees receivable		 31.12.21
£
466,587
30,230
95,691
592,508
31.12.21
£
2,599
344,241
346,840		 31.12.20
£
405,008
40,535
96,757
542,300
31.12.20
£
90
160,106
160,196

3. OTHER TRADING ACTIVITIES

continued...

Page 14

Christian Youth Enterprises Sailing
Centre

Notes to the Financial Statements - continued

for the Year Ended 31 December 2021

4. INVESTMENT INCOME

Deposit account interest
5.
CHARITABLE ACTIVITIES COSTS
Direct charitable
Management and administration
6.
SUPPORT COSTS
Direct charitable
Management and administration
7.
NET INCOME/(EXPENDITURE)		 Direct
Costs
£
614,808
550
615,358		 31.12.21
31.12.20
£
£
1,655
3,479
Support
costs (see
note 6)
Totals
£
£
2,950
617,758
10,063
10,613
13,013
628,371
Management
£
2,950
10,063
13,013		 
Net income/(expenditure) is stated after charging/(crediting):
31.12.21 31.12.20
£ £
Depreciation - owned assets 44,662 43,910
(Deficit)/surplus on disposal of fixed assets 967 (250)

8. TRUSTEES' REMUNERATION AND BENEFITS

During2021,thecharitymadepaymentsforconsultancyservicestotalling£4,581(2020:£3,380)to Doney
ConsultingLimited,acompanyownedbyoneofthecharity'strustees,MrNDoney.Thesepayments are
permitted by the Memorandum and Articles of Association.

None of the trustees received any payments or remuneration for their work as trustees.

continued...

Page 15

Christian Youth Enterprises Sailing
Centre

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

8. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

During the year ended 31 December 2021 and 31 December 2020 no expenses were reimbursed to trustees.

During 2021 the charity purchased Trustees' Indemnity Insurance at a cost of £243 (2020: £243).

9. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Charity staff		 31.12.21
£
222,685
13,328
4,369
240,382
31.12.21
11		 31.12.20
£
217,819
13,407
4,003
235,229
31.12.20
10		 
No employees received emoluments in excess of £60,000.

Grossremunerationof £41,225in total(2020:£39,481)was paidto two membersof Key Management Personnel
in 2021. Pension contributions of £912 (2020: £897) were also made on behalf of Key Management Personnel.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Other income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Direct charitable
Management and administration		 Unrestricted
funds
£
320,335
160,196
1,138
260
481,929
715
403,761
12,467		 Restricted
funds
£
221,965
-
2,341
-
224,306
-
62,898
-		 Total
funds
£
542,300
160,196
3,479
260
706,235
715
466,659
12,467		 
continued...

Page 16

Christian Youth Enterprises Sailing
Centre

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Total
NET INCOME
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
11.
TANGIBLE FIXED ASSETS
COST
At 1 January 2021
Additions
Disposals
At 31 December 2021
DEPRECIATION
At 1 January 2021
Charge for year
Eliminated on disposal
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020		 Unrestricted
funds
£
416,943
64,986
7,884
72,870
987,667
1,060,537
Barge
£
1,154,779
-
-
1,154,779
385,460
23,095
-
408,555
746,224
769,319		 Restricted
funds
£
62,898
161,408
(7,884)
153,524
622,625
776,149
Barge
furniture
and
equipment
£
26,662
-
-
26,662
19,424
2,062
-
21,486
5,176
7,238		 Total
funds
£
479,841
226,394
-
226,394
1,610,292
1,836,686
Site
buildings
£
176,153
-
-
176,153
77,507
3,523
-
81,030
95,123
98,646		 
continued...

Page 17

Christian Youth Enterprises Sailing
Centre

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

11. TANGIBLE FIXED ASSETS - continued

COST
At 1 January 2021
Additions
Disposals
At 31 December 2021
DEPRECIATION
At 1 January 2021
Charge for year
Eliminated on disposal
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020		 Site
furniture
and
equipment
£
94,752
-
-
94,752
69,268
5,224
-
74,492
20,260
25,484		 Fleet
£
143,620
26,494
(33,620)
136,494
95,882
10,097
(26,703)
79,276
57,218
47,738		 Motor
vehicles
£
4,695
-
-
4,695
2,054
661
-
2,715
1,980
2,641		 Totals
£
1,600,661
26,494
(33,620)
1,593,535
649,595
44,662
(26,703)
667,554
925,981
951,066		 
The site buildings are situated on land leased by the charity.

12. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 January 2021 and 31 December 2021 100
PROVISIONS
At 1 January 2021 and 31 December 2021 99
NET BOOK VALUE
At 31 December 2021 1
At 31 December 2020 1 
There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

continued...

Page 18

Christian Youth Enterprises Sailing
Centre

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

12. FIXED ASSET INVESTMENTS - continued

Sussex Enterprise Marine Limited

Registered office: Jubilee Building, Chidham, Chichester, West Sussex, PO18 8TE
Nature of business: Construction and maintenance
%
Class of share: holding
Ordinary 100
31.12.21 31.12.20
£ £
Aggregate capital and reserves 273 (17,567)
Profit for the year 17,840 8,279 
SussexEnterpriseMarineLimited(SEM)wasestablishedtobuildandmaintaintheaccommodationvessel,T S
Resolute, on behalf of Christian Youth Enterprises Sailing Centre Limited.

TheinvestmentinSEMisaprogramme-relatedinvestment,intendedtoadvancethecharitablepurposesof the
parent charity and not solely to achieve a financial return. The investment is stated in the accounts at cost.

13. STOCKS

13. STOCKS
31.12.21 31.12.20
£ £
Stocks 1,612 1,690
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Trade debtors 60,206 66,010
Amounts owed by group undertakings 18,369 31,541
Other debtors 1,884 1,534
Accrued Gift Aid income 19,705 23,224
Prepayments 8,405 3,497
108,569 125,806

Concessionary loans

'Amountsowedbygroupundertakings'representsaninterest-freeconcessionaryloantothecharity's wholly
ownedsubsidiary,SussexEnterpriseMarineLimited(SEM).TheloanwasmadetoenableSEMtopurchase and
maintainfixedassetsonbehalfoftheparentcharity,inordertoadvancethecharitablepurposesofthe parent
charity.Theloanisrecognisedattheamountpaid,withthecarryingamountadjustedinsubsequentyears to
reflect repayments.

continued...

Page 19

Christian Youth Enterprises Sailing
Centre

Notes to the Financial Statements - continued

for the Year Ended 31 December 2021

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 17)
Trade creditors
Social security and other taxes
Other creditors
Inter-company creditor
Deferred income		 31.12.21
£
2,000
3,569
4,400
3,509
1
112,470
125,949		 31.12.20
£
2,000
2,563
3,272
2,840
1
116,009
126,685

Deferred income

Deferredincomerepresentsfees for coursestakingplace after the BalanceSheet date. The movementin deferred
income during 2021 was as follows:
At 1 January 2021
Amounts released from previous accounting periods
Income deferred in the current year
At 31 December 2021
16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21
£
Other loans (see note 17)
-
17.
LOANS
An analysis of the maturity of loans is given below:
31.12.21
£
Amounts falling due within one year on demand:
Other loans
2,000
Amounts falling between one and two years:
Other loans - 1-2 years
-		 31.12.21
£
116,009
(116,009)
112,470
£112,470
31.12.20
£
30,000
31.12.20
£
2,000
30,000		 
continued...

Page 20

Christian Youth Enterprises Sailing
Centre

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

18. MOVEMENT IN FUNDS

Unrestricted funds
General Fund
T S Resolute - Boat, Furniture and
Equipment
Restricted funds
Other restricted funds
Superstructure Fund
Fleet Fund
Delta Project Fund
Bursary Fund
TOTAL FUNDS
Net movement in funds, included in the above are
Unrestricted funds
General Fund
T S Resolute - Boat, Furniture and
Equipment
Restricted funds
Other restricted funds
Fleet Fund
Delta Project Fund
Bursary Fund
TOTAL FUNDS		 At 1.1.21
£
288,025
772,512
1,060,537
-
9,771
1,288
765,090
-
776,149
1,836,686
as follows:		 Net
movement
in funds
£
27,946
(25,158)
2,788
2,100
-
2,000
305,654
2,291
312,045
314,833
Incoming
resources
£
582,959
-
582,959
2,465
2,000
355,427
2,291
362,183
945,142		 Transfers
between
funds
£
10,808
4,045
14,853
-
-
(3,288)
(11,565)
-
(14,853)
-
Resources
expended
£
(555,013)
(25,158)
(580,171)
(365)
-
(49,773)
-
(50,138)
(630,309)		 At
31.12.21
£
326,779
751,399
1,078,178
2,100
9,771
-
1,059,179
2,291
1,073,341
2,151,519
Movement
in funds
£
27,946
(25,158)
2,788
2,100
2,000
305,654
2,291
312,045
314,833		 
continued...

Page 21

Christian Youth Enterprises Sailing
Centre

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General Fund
T S Resolute - Boat, Furniture and
Equipment
Restricted funds
Other restricted funds
Superstructure Fund
Fleet Fund
Delta Project Fund
TOTAL FUNDS		 At 1.1.20
£
189,647
798,020
987,667
2,932
1,887
8,197
609,609
622,625
1,610,292		 Net
movement
in funds
£
90,494
(25,508)
64,986
677
2,500
2,750
155,481
161,408
226,394		 Transfers
between
funds
£
7,884
-
7,884
(3,609)
5,384
(9,659)
-
(7,884)
-		 At
31.12.20
£
288,025
772,512
1,060,537
-
9,771
1,288
765,090
776,149
1,836,686 
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General Fund
T S Resolute - Boat, Furniture and
Equipment
Restricted funds
Other restricted funds
Superstructure Fund
Fleet Fund
Delta Project Fund
TOTAL FUNDS		 Incoming
resources
£
481,929
-
481,929
1,806
2,500
2,750
217,250
224,306
706,235		 Resources
Movement
expended
in funds
£
£
(391,435)
90,494
(25,508)
(25,508)
(416,943)
64,986
(1,129)
677
-
2,500
-
2,750
(61,769)
155,481
(62,898)
161,408
(479,841)
226,394		 Resources
Movement
expended
in funds
£
£
(391,435)
90,494
(25,508)
(25,508)
(416,943)
64,986
(1,129)
677
-
2,500
-
2,750
(61,769)
155,481
(62,898)
161,408
(479,841)
226,394
64,986
677
2,500
2,750
155,481
161,408
226,394 
continued...

Page 22

Christian Youth Enterprises Sailing
Centre

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General Fund
T S Resolute - Boat, Furniture and
Equipment
Restricted funds
Other restricted funds
Superstructure Fund
Fleet Fund
Delta Project Fund
Bursary Fund
TOTAL FUNDS		 At 1.1.20
£
189,647
798,020
987,667
2,932
1,887
8,197
609,609
-
622,625
1,610,292		 Net
movement
in funds
£
118,440
(50,666)
67,774
2,777
2,500
4,750
461,135
2,291
473,453
541,227		 Transfers
between
funds
£
18,692
4,045
22,737
(3,609)
5,384
(12,947)
(11,565)
-
(22,737)
-		 At
31.12.21
£
326,779
751,399
1,078,178
2,100
9,771
-
1,059,179
2,291
1,073,341
2,151,519 
A currentyear12 monthsandprioryear12 monthscombinednetmovementin funds,includedin theabove are
as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General Fund 1,064,888 (946,448) 118,440
T S Resolute - Boat, Furniture and
Equipment - (50,666) (50,666)
1,064,888 (997,114) 67,774
Restricted funds
Other restricted funds 4,271 (1,494) 2,777
Superstructure Fund 2,500 - 2,500
Fleet Fund 4,750 - 4,750
Delta Project Fund 572,677 (111,542) 461,135
Bursary Fund 2,291 - 2,291
586,489 (113,036) 473,453
TOTAL FUNDS 1,651,377 (1,110,150) 541,227 
The purpose of each fund is as follows:

continued...

Page 23

Christian Youth Enterprises Sailing
Centre

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

18. MOVEMENT IN FUNDS - continued

Unrestricted General Fund

These are the 'free reserves' of the charity after allowing for all designated and restricted funds.

Unrestricted T S Resolute Fund

ThisrepresentsthedepreciatedcostofbuildingT S Resolute,thecharity'smulti-purposeaccommodation vessel,
as well as the depreciated cost of the vessel's furniture and equipment.

Restricted Superstructure Fund

ThepurposeofthisfundistofinancetheupgradingofpartsoftheexteriorofTSResolute,improvingthe long
term weatherproofed overall and hence the longevity of the asset.

Restricted Fleet Fund

The strategy for renewal of the CYESC fleet is to move to doing this on a cyclical basis, a few items each year.

Restricted Project Fund

The purpose of this fund is to finance the redevelopment of the sailing centre premises.

Restricted Bursary Fund

TheBursaryFundwasestablishedtoenableyoungpeoplefromallfinancialbackgroundstobenefitfrom the
uniqueirresistibleexperiencesthat CYESC has to offer.Bursariesof up to 50% of the cost of coursesare offered to
anyyoungperson,subjecttoreceiptofastatementoffinancialhardship,oftenfromaHeadteacheror pastor,
and approval by CYE.

Transfers between funds

Transfersfromrestrictedtounrestrictedfundsrepresentcapitalexpenditureincurredfromrestricted funds
during2021.Thetransfershavebeenmadeonthebasisthattheconditionsoftherestrictedfunddonations are
metoncethespecifiedassetsareacquired,soallowingthecharitytousetheassetsacquiredonan unrestricted
basis for any charitable purpose.

19. CONTINGENT LIABILITIES

Legal claim related to cancelled school trips

Duringtheyearend,an insurancecompanymadea legalclaimagainstthecharityto recoupthecostof pay-outs
madetosevenschoolsforcancelledtrips.Thetripswerescheduledfor2020andwerecancelleddueto the
governmentrestrictions.Thecharitywouldbeduetopay£26,989forthecancelledtripsiftheclaim was
successful.

The claimwas madeon the basisthe insurancecompanyconsidersthe charitya packageholidaycompany, which
isboundbythesectorspecificregulations.Ithassincebeenestablishedthatthisisnotthecaseandthe initial
claimwasunsuccessful.However,thecharityisyettoreceiveconfirmationthata furtherclaimwillnotbe made
on a different basis.

Thecharityisstillreceivingguidancefromlegalcounsel.Astheonlyclaimmadetodatewasunsuccessful, no
liability has been included in the 2021 accounts.

continued...

Page 24

Christian Youth Enterprises Sailing
Centre

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

20. OTHER FINANCIAL COMMITMENTS

Thecharityhasacommitmenttomakethefollowingfutureminimumleasepaymentsundera non-cancellable
operating lease for each of the following periods:

21. RELATED PARTY DISCLOSURES

At31December2021thecharitywasowed£18,369(2020:£31,541)byitswhollyownedsubsidiary, Sussex
EnterpriseMarineLimited.The loan is unsecured,interest-free,and arose from funds suppliedto the subsidiary to
purchase and maintain fixed assets for the parent charity.

Duringthe year the parentcharitywas chargedfees and commissionof £103,022(2020:£41,623)by its subsidiary
for services provided in maintaining the accommodation vessel T S Resolute.

The charityhas a closerelationshipwith ChristianYouthEnterprises(CYE),registeredcharitynumber287857. CYE
raisesbursaryfundstoenabledisadvantagedyoungpeopletoattendeventsandcoursesrunbyCYESC.CYE paid
£8,453 to CYESC to cover all or part of the cost of 72 disadvantaged young people attending events and courses.

22. ULTIMATE CONTROLLING PARTY

The charity is controlled by the trustees.

Page 25

Christian Youth Enterprises Sailing
Centre

Detailed Statement of Financial Activities for the Year Ended 31 December 2021

31.12.21 31.12.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 466,587 405,008
Gift aid 30,230 40,535
Grants 95,691 96,757
592,508 542,300
Other trading activities
Shop sales 2,599 90
Fees receivable 344,241 160,106
346,840 160,196
Investment income
Deposit account interest 1,655 3,479
Other income
Gain on sale of tangible fixed assets (967) 250
Other income 5,106 10
4,139 260
Total incoming resources 945,142 706,235
EXPENDITURE
Other trading activities
Opening stock 1,690 902
Purchases 1,860 1,503
Closing stock (1,612) (1,690)
1,938 715
Charitable activities
Wages 222,685 217,819
Social security 13,328 13,407
Pensions 4,369 4,003
Licences, rent and rates 16,878 14,885
Insurance 12,905 11,868
Carried forward 270,165 261,982 
This page does not form part of the statutory financial statements

Page 26

Christian Youth Enterprises Sailing
Centre

Detailed Statement of Financial Activities

for the Year Ended 31 December 2021

31.12.21 31.12.20
£ £
Charitable activities
Brought forward 270,165 261,982
Light and heat 17,487 14,397
Telephone 1,585 1,737
Office expenses 10,139 4,680
Catering 37,113 14,396
Sundries 5,976 305
Cleaning 7,949 2,548
Cottage and flat: rent and running costs 11,635 11,478
Engine fuel 1,030 861
Motor and travel expenses 7,400 6,142
Protective clothing & equipment 9,360 4,092
Resources 8,475 7,827
Training and conferences 10,464 2,188
Repairs and renewals 73,873 34,582
Other Development Fund expenditure - 743
Trainees and casual labour 24,870 25,609
Consultancy 4,581 3,380
Recruitment 550 -
Professional fees 68,043 25,803
Depreciation of site buildings 3,523 3,523
Depreciation of barge 23,096 23,096
Depreciation of barge furniture and equipment 2,062 2,412
Depreciation of site furniture and equipment 5,224 5,574
Depreciation of fleet 10,097 8,424
Depreciation of motor vehicles 661 880
615,358 466,659
Support costs
Management
Advertising & promotion 5,529 5,667
Bank charges 1,660 1,171
Legal and professional fees 3,134 3,289
Website & IT Subscriptions 2,690 2,055
13,013 12,182
Governance costs
Accountancy and legal fees - 285
Total resources expended 630,309 479,841
Net income 314,833 226,394 
This page does not form part of the statutory financial statements

Page 27