2025-08-31-accounts - Ilfracombe Pilot Gig Club

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Charity registration number: 1187003

ILFRACOMBE PILOT GIG CLUB TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

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Ilfracombe Pilot Gig Club Contents

	Page
Trustees' Report
Independent Examiner's Report	3
Statement of Financial Activities	4
Comparative Statement of Financial Activities	5
Statement of Financial Position	6
Notes to the Financial Statements	7—10

CHARITY COMMISSION FOR ENGLAND AND WALES Trustees. Annual Report for the period From 0110812024 To 3110712025 Charfty name: Ilfracombe Pilot Gig Club Charlty registratlon number: 1187003 Objectives and Activities SORP refererKe Summary of the purposes of the charity as set out in its governing documènt P8r8 1.17 To promote community participalion in healthy recreation by providing facilities to participate in the sport of sea rowing, in articular Iradilional The Trustees have been guided by the charily commission advice on public benefit. 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. Statement confiming whether the truste6s have had regard to the guidanc8 issued by the Charity Commission on public benefit P8ra 1.17 and 1.19 Paral.18 The dub has been able to run in ils normal capacity this year, with training sessions both on and off the water. We have also run taster sessions or rowing sessions to entice new members. Addltlonal informatlon loptlonal) You ma Ghoose to include further statements where relevant about: SORP reference P4rg 1.38 Policy on grant making Policy on social investment including program related investment Paro 1.38 Contribution made by volunteers Para 1.38 Other

Achievements and Performance SORP reference Increasing club membership to - 100 fflembers with roughly a 50150 split between competitive and recreational squads. Entering numerous competilive events, most notably strong results across male. female, A, B and Vets I Super vets crews at the World Pilot Gig Championships. Strong engagement across local North D8von clubs, hold an annual regatta promoting Ihe club and area, although for the 3 year running the weather has meant wè had to cancel the evenl. We did still hold a successful raffle raising over £2.500. Junior squad making a good progress with over 12 regular attendees, plus this year we have introduced some off-the-water training using newly purchased Concept2 rowing machines. Summary ofthe main aGhievements of the charity, identifying the difference the charity's work has made to the Gircumstances of its beneficiaries and any wider benefits to society as a whole. PBfA 1.20 Additional informatlon {optional You ma choose to include further statements where relevant about.. New COnpt2 machines identified as needed to support off-the-water training. Lifejackets to support growing numbers needed to be replaced or refurbished. New wooden boat to be ordered. Deposit paid. new boat ex ecled Ma 2027. In January 2025 members held sponsored 24hr row. with the aim of raising funds for 6 Concept2 rowing machines. Over £3,500 was raised and the club paid the rest for a very well received addition to the club. Achievements against objectives set P8r8 1.41 Perfomiance of fundraising activities against objeclives set P•rn 1.41 Investment perfomian against objectives P•rn 1.41 Olher

Financial Review Review of the charity's financial posib'on at the erKI of the eriod Statement explaining the policy for holding rèserves stating why they are held P8r8 1.21 Para 1.22 The annual running costs for the club are £4,500, this includes insurances £2,300 and rent of the Water Sports Centre £1,800. The club will hold approx. £5,000 in reserve to support repairs to oars and or boats during the racing season. All remaining funds will be used lo support the overall cost of a new wooden NIA NIA Amount of reserves hekl Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the harity continuing as a going concern Para 1.22 Par8 1.22 Para 1.24 None Para 1.23 Additional Informatlon loptional You ma choose to include further statements where relevant about.. Principal sources of funding are membership fees, fundraising events and charitable donations from local businesses. The charty's prinapal sources of funds (including any fundraising) Para 1.47 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the prin¢ipal risks facing the charity Para 1.46 othèr Structure, Governance and Management Description of charity's trusts.. Type of governlng document trust deed, ro al charter Para 1.25 Constilulion

How is the charity constituted? (e.g unincorporated association, CIO Trustee selection meth¢Jds including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 cio P814 1.25 By election at annual AGM Addltional information (optional) You ma choose lo include further statements where relevant about.. Policies and procedures adopted for the indurtion and training of trustees 1.51 The charity's organisalional structure and any wider neIork with which the Charity works P•rn 1.51 Relationship with any related parties Para 1.51 other Reference and Administrative details Charit namè Other name the chari uses Re istered charity number Charity's principal address Ilfracombe Pilot Gi IPGC 1187003 Ilfracombe Watersports Centre Larkstone Lane Ilfracombe EX34 9FQ. Club

Names of the charlt trustees who mana e the charit Name of person lor body) entitled to ppoint trustee lif any) D3tes acted if not for whole year Trustee name Office lif anvl Recreational Rowers rep Mens captain Bosun Bosun Secreta Paul Fuller Paul South lake Liversedge Tom leffery Rachel Rudd Robert Thompson Lowenna Arnold November 2024- present October 2023 - present January 2021- present January 2025- present June 2025 - present /Membership President Ladies captain Juniors captain + Safety Officer Janua 2020- present October 2024- present David Waters David Llversedge Malcolm Morris Tanya Betts Stuart Dagley Janua 2020- present Welfare offlcer Treasurer Treasurer Chair October 2023- present October 2023-June 2025 June 2025- present January 2021- present io Cor orale tru5tees- names of the directors at the dale the re Dlrector nam• ortwasa roved Name of trustees holding title to propety belonging to the chartty Tmstv nam• D•t•8 act•d If not for whol• ¢ar

Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of Ihe 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 charrty's own assets Additlonal Infomiation (optlonall Names and addresses of advlsers {Optional Infomiation) Type of Name Address adv158r Name of chief executive or names of senior stsff members (Optlonal infomiation) Exemptions from disclosure Reason for norFdisGlosure of ke rsonnel detai18 Other o tional information

Ilfracombe Pilot Gig Club Independent Examiner's Report to the Trustees of Ilfracombe Pilot Gig Club For The Year Ended 31 August 2025

I report to the trustees on my examination of the accounts of Ilfracombe Pilot Gig Club (the Trust) for the year ended 31 August 2025.

Responsibilities and Basis of Report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Cheryl Manning FFA 18/02/2026 94 Lower Cross Road Barnstaple Devon EX31 2PJ

Page 3

Ilfracombe Pilot Gig Club Statement of Financial Activities For The Year Ended 31 August 2025

Unrestricted funds £ 10,093 16,811	Restricted funds £ - -	2025 Total funds £ 10,093 16,811	2024 Total funds £ 12,000 23,337
26,904	-	26,904	35,337
1 (22,019) -	- - -	1 (22,019) -	- (18,668) (3,480)
(22,018)	-	(22,018)	(22,148)
4,886 9,200	- (9,200)	4,886 -	13,189 -
14,086 23,015	(9,200) 9,200	4,886 32,215	13,189 19,026
37,101	-	37,101	32,215

The notes on pages 7 to 11 form part of these financial statements.

Page 4

Ilfracombe Pilot Gig Club Comparative Statement of Financial Activities For The Year Ended 31 August 2025

Unrestricted funds £ 500 23,337	Restricted funds £ 11,500 -	2024 Total funds £ 12,000 23,337
23,837	11,500	35,337
(18,668) (1,180)	- (2,300)	(18,668) (3,480)
(19,848)	(2,300)	(22,148)
3,989	9,200	13,189
3,989 19,026	9,200 -	13,189 19,026
23,015	9,200	32,215

The notes on pages 7 to 11 form part of these financial statements.

Page 5

Ilfracombe Pilot Gig Club Statement of Financial Position As At 31 August 2025

Unrestricted funds £ 22,899	Restricted funds £ -	2025 Total funds £ 22,899	2024 Total funds £ 21,582
22,899 1,800 12,761	- - -	22,899 1,800 12,761	21,582 1,455 9,898
14,561 (359)	- -	14,561 (359)	11,353 (720)
14,202	-	14,202	10,633
37,101	-	37,101	32,215
37,101	-	37,101	32,215
		- 37,101	9,200 23,015
		37,101	32,215

Mr Stuart Dagley

Trustee 18/02/2026

The notes on pages 7 to 11 form part of these financial statements.

Page 6

Ilfracombe Pilot Gig Club Notes to the Financial Statements For The Year Ended 31 August 2025

1. General Information

Ilfracombe Pilot Gig Club is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1187003. The principal address is Ilfracombe Watersports Centre, Larkstone Lane, Ilfracombe, EX34 9FQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.

The charity is a Public Benefit Entity as defined by FRS 102.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% Straight line

2.3. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

Donations and gifts Donations and gifts	Unrestricted funds £ 10,093	Restricted funds £ -	2025 Total funds £ 10,093
	Unrestricted funds £ 500	Restricted funds £ 11,500	2024 Total funds £ 12,000

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Ilfracombe Pilot Gig Club Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

4. Net Income/(Expenditure)

The net income is stated after charging/(crediting):

The net income is stated after charging/(crediting):
	2025	2024
	£	£
Depreciation of tangible fixed assets - owned	7,689	6,120
Gain/Loss on disposal of tangible fixed assets	146	-

5. Analysis of Expenditure

5. Analysis of Expenditure
Raising funds Pilot Gig Rowing Pilot Gig Rowing 6. Support Costs General administration General administration	Activities undertaken directly £ - 18,261		Support costs (see note 6) £ (1) 3,758	2025 Total £ (1) 22,019
	18,261		3,757	22,018
	Activities undertaken directly £ 18,308		Support costs (see note 6) £ 360	2024 Total £ 18,668
		Raising funds £ (1)	Pilot Gig Rowing £ 3,758	2025 Total £ 3,757
				2024 Pilot Gig Rowing £ 360

Page 8

Ilfracombe Pilot Gig Club Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

7. Independent Examiner's Remuneration Independent examination of the financial statements 8. Average Number of Employees Average number of employees during the year was: NIL (2024: )	2025 £ 360	2024 £ -

Tangible Assets

Cost As at 1 September 2024 Additions Disposals As at 31 August 2025 Depreciation As at 1 September 2024 Provided during the period Disposals As at 31 August 2025 Net Book Value As at 31 August 2025 As at 1 September 2024 10. Debtors 2025 £ Due within one year Other debtors 1,800	Plant & Machinery £ 35,754 10,752 (2,910)
	43,596
	14,172 7,689 (1,164)
	20,697
	22,899
	21,582
	2024 £ 1,455

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Ilfracombe Pilot Gig Club Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

11. Creditors: Amounts Falling Due Within One Year

As at 1 September 2024 £ 23,015 9,200	Income £ 26,904 -	Expenditure £ (22,018) -		2025 £ (1) 360 359 Transfers £ 9,200 (9,200)	2024 £ - 720
					720
					As at 31 August 2025 £ 37,101 -
32,215	26,904	(22,018)		-	37,101
	As at 1 September 2023 £ 19,026 -	Income £ 23,837 11,500			As at 31 August 2024 £ 23,015 9,200
	19,026	35,337	(22,148)		32,215

13. Transactions with Trustees

During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:

2025	2024
£	£

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