## **Trustees’ Annual Report for the period**
**From** 06/04/2022 - **Period start date To** 05/04/2023 **- 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
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|**Achievements and Performance**|**Achievements and Performance**|**Achievements and Performance**|
|---|---|---|
|SORP reference|||
||||
|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|Membership at Bude Pilot Gig Club runs for
a calendar year. By November 2023 there
are 78 adult members and 10 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:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
|Other|||
## **Financial Review**
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Review of the charity’s Para 1.21 Total assets at end of financial period 2023
financial position at the end (April) were £46,623.
of the period
Statement explaining the Para 1.22 Reserves are held for specific projects and
policy for holding reserves general overheads. At this this time the
stating why they are held 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 £10,490 held in reserve for new racing
boat, £26,855 for new gig shed, remainder
will be allocated to one of these projects
and general overheads/new equipment
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially in Para 1.24 N/A
deficit
Explanation of any Para 1.23 N/A
uncertainties about the
charity continuing as a going
concern
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Additional information (optional)
You may choose to include further statements where relevant about:
The club’s main source of funds are annual
membership fees, training subs, general
The charity’s principal fundraising activities and grants and
sources of funds (including Para 1.47 donations from sporting and local
any fundraising) community organisations. Significant
individual grants and donations were:
£8,000 from Sport England towards the
new gig shed
£2,000 from Bude-Stratton Council towards
the refurbishment of the racing boat
£1,000 from Balsdon Trust towards the new
gig shed
Investment policy and
objectives including any Para 1.46
social investment policy
adopted
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|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, general
fundraising activities and grants and
donations from sporting and local
community organisations. Significant
individual grants and donations were:
£8,000 from Sport England towards the
new gig shed
£2,000 from Bude-Stratton Council towards
the refurbishment of the racing boat
£1,000 from Balsdon Trust towards the new
gig shed|
|---|---|---|
|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
Jacqueline Secretary
7
Hardwick
8 Deborah Squirrell
9 Jennifer Parker
10 James Neep
Samantha
11
Woodhouse
12 Sarah Welburn Treasurer 09/05/2022
13 Michelle Hinfey 09/01/2023
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 - 05 APRIL 2023
2023 2022
INCOME
Memberships & Training 5,116 5,954
Fundraising 31,756 3,794
Fundraising - 5050 income 1,498 815
Misc 0 40
38,370 10,603
INTEREST 46 1
EXPENDITURE
50:50 prizes 813 297
Insurance 1,452 697
Legal 1,255 1,900
Rent 2,162 1,000
Fees (charges, memberships etc) 660 394
Repairs 8,429 981
Mileage 118 15
Sundries 384 380
Equipment depreciation 594 263
Race fees 274 425
16,141 6,352
SURPLUS OF INCOME OVER 22,275 4,252
EXPENSES
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Financial Accounts 2022-2023 Page 1
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BUDE PILOT GIG CLUB
BALANCE SHEET - 05 APRIL 2023 Note £
2023 2022
CAPITAL ASSETS 1
Gig shed (asset under construction) 924
Equipment 5,516 5,737
Net Book Value 6,440 5,737
Current Assets
Prepayments
Bank Account: Business Current Account 2,436 3,657
Bank Account: Deposit Account 10,490 10,467
Bank Account: 50:50 650 3,257
Bank Account: Gig Shed 26,855 1,230
40,431 18,611
Current Liabilities
Trade Creditors
Accruals 248
248 0
Net Current Assets 40,183 18,611
Total Assets 46,623 24,348
Charitable funds 2
Unrestricted 19,768 24,348
Restricted 26,855
Total 46,623 24,348
0
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Financial Accounts 2022-2023 Page 2
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BUDE PILOT GIG CLUB
NOTES - 05 APRIL 2023
Fixed assets
Gig shed Equipment TOTAL
Net book value b/fwd 5,737 5,737
Additions 924 359 1,283
Disposals 0
Depreciation 594 594
Net book value c/fwd 924 5,502 6,426
Charitable funds
Unrestricted Restricted TOTAL
B/fwd 23,118 1,230 24,348
Surplus for ther year -3,350 25,625 22,275
C/fwd 19,768 26,855 46,623
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Financial Accounts 2022-2023 Page 3
Independent examiner's report to the trustees of Bude Pilot Gig Club CIO
I report to the charity trustees on my examination of the accounts of the CIO forthe year ended
5 April 2023.
Responsibilities and basis of report
As the charity trustees of the CIO you are responsible for the preparation of the accounts in
accordance with the requirements of the Charlties Act 2011 {'the Act,).
I report in respect of my examination of the CIO'S accounts carried out under section 145 of
the Act. In carrying out my examination I have followed all applicable Directions given by the
Charity Commission under section 145{51{bl of the 2011 Act.
Independent examiner's statement- matter of concern identified.
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:
l. accounting records were not kept as required by section 130 of the Act; or
2. the accounts do not accord with those records.
In carrying out my examination I noted that some documentation did not detail the amount of
the expense incurred. This was in relation to entry fees for competitions entered where
adequate receipts Vre not provided by the organisers of the events. The amounts involved are
relatively small and are not a serious concern rn0 of a reminderto ensure correct
documentation is pmvided for all expenses. Other questions that I had relating to the books
and club were all explained by the Treasurer.
I confirm that there are no other matters to which your attention should be drawn to enable a
proper understanding of the accounts to be reached.
Signed:
Name: Alan Dickerson
Address: St. Elia. Penstowe Road, Bude, Cornwall, EX23 9QT
Date: