Trustees’ Annual Report for the period
From 04/05/2021 - Period start date To 05/04/2022 - Period end date
Charity name: Bude Pilot Gig Club
Charity registration number: 1194318
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The promotion of community participation in healthy recreation for the benefit of the inhabitants of Bude and the surrounding area by the provision of facilities for gig boat racing and the advancement of the public’s understanding of gig boat racing, its origin, history and cultural roots |
| 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 |
The main activity of the club is pilot gig rowing, competitively or socially. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Trustees have had regard to the guidance issued by the charity Commission on public benefit |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers
Other
Achievements and Performance
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SORP reference
Membership at Bude Pilot Gig Club runs for
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| Achievements and Performance | Achievements and Performance | Achievements and Performance |
|---|---|---|
| SORP reference | ||
| Membership at Bude Pilot Gig Club runs for | ||
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | a calendar year. By end 2022 there were 68 active adult members and 14 junior members benefiting from the participation in the sport of gig rowing. |
Additional information (optional) You may choose to include further statements where relevant about:
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Achievements against Para 1.41
objectives set
Performance of fundraising
activities against objectives Para 1.41
set
Investment performance Para 1.41
against objectives
Other
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Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Total assets at end of financial period were £24,348 |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Reserves are held for specific projects and general overheads. At this this time the club has two ongoing projects: the building of a new gig shed and the purchase of a new racing boat |
| Amount of reserves held | Para 1.22 | £10,467 held in reserve for new racing boat, £1,230 for new gig shed, remainder for general overheads |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The club’s main source of funds are annual membership fees, training subs and general fundraising. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods 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 | Trustees are selected during the AGM or by the committee of trustees. There must be at least 6 trustees, maximum 15. At least one third of charity trustees will retire at each AGM. |
Additional information (optional) You may choose to include further statements where relevant about:
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
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Charity name Bude Pilot Gig Club
Other name the charity uses Bude Gig Club
Registered charity number 1194318
Charity’s principal address Crimpa Farm, Pancrasweek, Holsworthy, EX22 7JN
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Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Jody Dennett
2 Neil Dennett
3 Terri Hopper
4 Louise Gunning
5 Gabriela Zankl
6 Kerry Schubert Chair 16/12/2021
Jacqueline Secretary 16/12/2021
7
Hardwick
8 Deborah Squirrell 16/12/2021
9 Jennifer Parker 16/12/2021
10 James Neep 16/12/2021
Samantha 16/12/2021
11
Woodhouse
12 Sarah Welburn Treasurer 09/05/2022
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the 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 charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
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BUDE PILOT GIG CLUB
PROFIT AND LOSS - 31 MARCH 2022
2022 2021
INCOME
Memberships 4,390 2,850
Training 1,564 1,080
Fundraising 3,794 160
50:50 income 815
Kit 40 280
Donations 287
Grant 1,500
Gig shed donations 1,975
10,603 8,132
INTEREST 1 5
EXPENDITURE
50:50 prizes 297
Insurance 697 840
Legal 1,900
Rent 1,000
Memberships and hosting fees 394 872
Administration 475
Repairs 981
Mileage 15
Sundries 380
Equipment purchase 1,365
Equipment depreciation 263
Race fees 425
6,352 3,552
SURPLUS OF INCOME OVER 4,252 4,585
EXPENSES
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BUDE PILOT GIG CLUB
BALANCE SHEET - 31 MARCH 2022 Note £
CAPITAL ASSETS 1
Gig shed (asset under construction) 1,230
Equipment 5,737
Net Book Value 6,967
Current Assets
Prepayments
Bank Account: Business Current Account 3,657
Bank Account: Deposit Account 10,467
Bank Account: 50:50 3,257
17,381
Current Liabilities
Trade Creditors
Accruals
0
Net Current Assets 17,381
Total Assets 24,348
Charitable funds 2
Unrestricted 24,348
Restricted
Total 24,348
0
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Table 1
BUDE PILOT GIG CLUB
NOTES - 31 MARCH 2022
Fixed assets
Gig shed Equipment TOTAL
Net book value b/fwd 0
Additions 1,230 1,230
Disposals 0
Depreciation 0
Net book value c/fwd 1,230 0 1,230
Charitable funds
Unrestricted Restricted TOTAL
B/fwd 20,096
0 0 0 0
C/fwd 0 0 20,096
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