Trustees. Annual Report for the period Period start date Period end date From Section A Reference and administration details Charity name LYME REGIS GIG CLUB CIO Other names charity is known by Registered charity number (if any) 1174427 Charity's principal address Orchard End Ware Lane, Lyme Regis, Dorset Postcode DT7 3EJ Names of the charlty trustees who manage the charity Trustee name Office (If any) Dates acted if not for whole year Name of pernon (or body) entitled to appoint trustee (if any) 1 Tony Colston Chair 2 George Eyre 3 James Pound 4 Kate Vemon 5 Nicola Moore Finan From January 2024 TAR March 2012
Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted If not for whole year Names and addresses of advlsers (Optlonal infomiation) Type of adviser Name Address Name of chief executive or names of senior stsff members (Optional infomiation) Section B Structure, governance and management Description of the charity's trusts Type of goveming document CONSTITUTION How the charity is constituted cio Trustee selection methods ELECTED BY CLUB MEMBERSHIP AT GENERAL MEETING Additional governance issues (Optlonal infomiation) TAR March 2012
You may choose to include additional information, where relevant, about: The charity is run by a Board of Trustees elected by the club membership under a formal Notice of Delegation. Day-to-day management is delegated to an Executive Management Committee elected annually at the CIO GAMM and confirmed at the AGM. policies and procedures adopted for the induction and training of trustees" the charity's organisational structure and any wider neOrk with which the charlty The charity operates within the framework of the Comish Pilot Gig Association ("CPGA") which in tum operates wrthin the framework of British Rowing. relationship with any related parties; trustees, consideration of major risks and the system and procedures to manage them. The Trustees nomially mt formally four times a year. The Trustees continuously review actSVities and plans of the Executive Management Committee. Each Trustees takes responsibility for a key area of Club operations. Key areas being". Finan. Health and Safety, Operations, Training and Welfare. Section C Objectives and activities Summary of the objects of the charity set out in its governing document Our objective is to promote Community participation in healthy recreation by providing facilities for sea rowing for the benefrt of the general public. TAR March 2012
The Club's activities advance amateur sport for all age groups (Ages 7 through to mature 80 year olds). Summary of the main actlvitles undertaken for the public benefit in relation to these objects (include wlthln this section the ststutory declaration that trustees have had regard to the guidance Issued by the Charity Commission on public benefit) The Club owns 6 Comish Pilot Gigs which are configured for six rowers plus a cox and a Skiff which accommodate two rowers. Rowing sessions are run several times a week throughout the year, weather and safety permitting. Gig rowing has become a popular team sport throughout the South West and further afield, "Open. racing regattas are organised by the club which also participates in events held by others, notably the World Championships held in the Isles of Scilly each Spring. Additional details of objectives and activities (Optional infonnation) Membership continues to be open to all. The Club, where necessary, will provide financial assistance to members experiencing financial hardship who are on low incomes. You may choose to include further statements, where relevant, about: policy on grantmaking., policy programme related investment. No grants are made by the Club. Club operations are carried out entirely by volunteers. contribution made by volunteers. A continuous effort is made by the Executive Committee to identify key areas for further development and support of our members. in support of our charitable objectives. Despite the setbacks during the COVID 19 pandemic the Club has continued to recover well In 2023- 2024, The Club has achieved a full training schedule on the water, promoting the sport of gig rowing at club regattas and participation in both the 2024 World Championships and more local club based regattas. TAR March 2012
Section D Achievements and performance TAR March 2012
Section D Achievements and performance The Club has introduced single membership subscription to remove weather dependent income, remove the nessty for cash collection and allow more stable financial base. The Club has set up a new bank account to allow changes in signatories to be more easily managed. Summary of the main achievements of the charlty during the year Relationships have been established with local schools with the objective of introducing the sport to more youngsters and bringing them through the club ranks. The management structure has been improved to facilitate decision making, accountal)ility and communication A role has been created with a club member responsible for building relationships with local sponsors and supporters to widen promotion of the Club locally and to increase income streams. The Club has sought and secured participation in a travel log series on national TV. The number of social media channels has been increased The Club has revised the induction scheme for managing new members. The Club has proactively engaged wrth communty to remove any perceived barriers to entry. The Club has accelerated the number of competent coxes but is looking to improve on this effort substantially. The Club has created a membership database. A 10-year new lease has been negotiated for the boathouse and GRP storage facility at Monmouth beach. The Club has actively engaged wtth local landlord to look to secure long temi future for the Club's gym and maintenance shed. The club participated in the 2024 IOS World Championships, scoring very creditable results in a number of classes. The club has entered numerous other regattas during the year and frequently achieving highly placed results. The club organised its own Masters age group regatta in May and an open regatta in August providing a fantastic days racing and spectacle in Lyme Bay. Equipment has bn repaired, replaced and updated where neSsary. A new wooden racing gig has been constructed and participated in the 2024 World Championships. TAR March 2012
Section D Achievements and performance The club has worked with the local Scouts and schools to recruit junior members. The club has a >person skiff for use by its members and actively promotes skiffing for juniors. In line wrth CPGA policy the club continues to support U25s in regattas. TAR March 2012
Section E Financial review The club presently has £32,700 of total cash of which £5.000 is currently allocated to resepie and which can only be used at the discretion of the Trustees, The level of reserve is kept under constant review given the level of club activity and the broad risks that it fas. Brief statement of the charlty's policy on reserves Details of any funds materially in deficit None- the Club has repaid £5000 in loans made to the Club from a number of members. Further financial review details (Optlonal infomiation) You may choose to include additional information. where relevant about: the charity's principal sources of funds (including any fundraising)- how expenditure has supported the key objectives of the charity; investment policy and objectives including any ethical investment policy adopted. The club's principal sources of funds are membership fees, and donations received from local patrons and businesses. The club seeks to engage in a positive way with the local community. Section F Other optional information The Club has a strong ethos and a strong management team. The nature of the club is that members join with a variety of professional and personal skills and the club seeks to leverage this wealth of knowledge through involving members in the running and development of the club. The club is in a good financial position and with a body of experienced and successful rowers is well positioned for the future. Section G Declaration The trustees declare that they have approved the trustee5' report above. Signed on behalf of the charity's trustees TAR March 2012
Signature(5) Full name{s) Anthony John Colston Posltlon (eg Secretsry. Chalr. etc) Chair of Lyme Regis Gig Club CIO Trustee5 Date TAR
Lyme Regis Gig Club Independent Examiner’s Report to the Trustees For the Year Ended 30 September 2024
Independent examiners report to the Trustees of Lyme Regis Gig Club
I report to the trustees on my examination of the accounts for Lyme Regis Gig Club (“the charity”) for the year ended 30 September 2024.
Responsibilities and basis of report
As the charity trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or 2. the accounts do not comply with these records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
……………………………….. Michelle Ferris BSc (Hons) FCA DChA Albert Goodman LLP Goodwood House Blackbrook Park Avenue Taunton Somerset TA1 2PX
Date: 25/11/2024
i CHARITY COMMISSION iok, rNOI ANO ANI) WAI rs Receipts and ments accounts Forthe period from 0111012023 To 3010912024 CC16a Section A Receipts and payments Unrestricted funds toth• riur•8t Restricted funds Endowment funds Totsl funds Last year to the neorest £ j ,' to the nearmt £ to the nearest £ to tho near•gt £ A1 Recèipts Membership subscnptsons Rowng & Gym Fees Fundraislng induding from dub regattas DonatlOn5 & Sw)nsotship Regatta fees & c4)ntrybutions Interest Loans trom Members 2S.314 6.050 2S,314 6.050 11.880 8.951 11.983 7.196 1,558 278 11.983 7.196 1.558 278 5,913 4,341 970 93 Sub total(Gross income for AR) 52,378 52,37 37.148 A2 Asset and investment sales, {see table). Sale of trailer Sale of.stomif0r, Sale of RIB Sale of Oars Sale of coachin 3.2S0 ui ment Sub total 260 3,060 260 313 4,$63 Total receipts 55,438 55,438 41,711 A3Pa Moonng & Launch Fees Comish Pilot G Assofyabc percapita 1,412 1.412 610 174 1.074 705 Rental of gig shed. gym & maintenance shed Repai[5 & Fna1ntena of equipment a(Jministrats"on inc training Insurance & Professional F8es 2,088 2.687 2,823 6,192 2.08$ 1.580 3,099 3,666 4,608 2.823 5.192 maintena of he31th & safety 4uiprnent Minor equipment purchases Fundraisin9 Costs Induding oxt of dub attas Cost of attending"awdY' rwattas Repayrnenl of loans Inte$t on Joans 1,530 880 1.530 755 71 6.262 2,148 s.000 189 31,2 6,262 2.148 2,091 1,830 189 31,2 Sub total 19,015 A4 Asset and Investment purchase8. (88e table) Oar5 & ThrAe Pin5 Icr R(AMng G*Js 1,730 1,730 1.743 Part PayThenltOWdrds nvwKoden gig VHF radios Road trailer Solar Power for Gig Shed Gym equipment 14,000 14,000 18.500 2,SOO 399 21.142 Sub total 20.57 20.57 Totsl payments 51.854 51,854 40.157 Net of receipts/(paym8nts) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end acLoun 1,SS4 29,215 32.799 29.215 32,799 27,661 29.215 ££s
Section B Statement of assets and liabilities at the end of the period Unrestrictsd funds to near¢st£ Endowment funds Restricted fund8 to nèar•st£ B1 Cash funds Currtnl A¢eounl Metro Bank itAccount Metro Bank 32.LN)O Handelsbanken 200 Total cash fiinds 32.799 (89 bal8rthswth [1pts and pawnenlsl unK$)I Unrestrlcted funds Endowment fund8 to nreSt £ Restrictsd funds to n8or•st £ to nearest £ B2 Other monota assets Currerrt value loptlonall asset belongs Cost loptlonall B3 Investment assets Fund to whlc agset belongs Current value loptionAII Cost loptlonall B4 Assets retained for the Gharitys own use Boats untestrieted 161,600 unrestnct8J 25.0(K Trolle s and trailers unmstridgd 15,900 shed unrestricted 50.006 othero tnal unrestricted S,650 ment unrestncbl 16.634 Fund to which Ilthlty relatss | unrestncted ¥llhen due loptionall Amount du• l0Oionall B5 Liabilities IrKJepwthnt Examfjners Fe8 SYJne(I by one or tsvo Iruslees on behaK of all the trustees Date of roval nature Print Name OLP4 li CCXX R2 accounts {SSI 1911112024