CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0610412023 To 0510412024 Period start date Perlod end date Charity name: Budo Pllot Gig Club Charfty reglstration number: 1194318 Objectlves and Actlvlties Summary of the purposes of the charity as set out in its goveming document Pwa 1.17 The promotTron of communty participation In h&a￿hY recreation for the benefrt of the inhabitants of Bud8 and the Surrounding area by the provision of facilities for gig boat raciThJ and the advancement of the public's understarKling of gig t4)at racing, its origin, histo and uJEiural roots The main activity of thé dub is pilot gig rowing. cx)mpetitively or socially. Summary of the m81n activities in relation to t￿)se rposes for the public benefit, in particular, the actlvilies, projects or seNi identified in Ihe accounts. Statement confirming whether the trustees have had regard to the guhjance issued by the Charity Commission on publ b8nefft Pwa 1.17 arnj 1.19 Prn 1.18 Trustees have had regard lo th8 guidance issued by the charity Commission on public Additlonal Infomiation (optlonal) You ma cFhJose to indude further statements WTr￿re relevant about.. Policy on grant makirvJ Pard 1.38 Policy on Social investment includirvJ program related investment P*8 1a8 Contribution made by volunteers Other Achievements and Perforniance Summary of the main achievements of the charity, identifying the drfference the charity's work has made to the circumstances of its beneficiaries and any wider benefrts to society as a whol8. Membétship at BLthJe Pik)t Gig Club runs for a calendar year. At the end of 2024 there were 76 adult and 10 junior member5 benefiting from the parb¢ipatM)n in the sport of 9￿ r(Ming. P*• 120 We have canpeted at all major CPGA events, improving our posIt￿n8 on previous years in many of them. Our ladies se¢Xion ts booming and we hav8 put on extra training session to accomm(Klate. Addltlonal Inforn)atl¢)n (optlonal) You ma choose to include further statements where relevant about.. Achlevements against objectives $8t P*a 1.41 Perfom)ance of fundraising actNitl8s against obj'ectives set P￿1.11 Investment perfo￿anC against obi8Ctives Para 1.41 Financial Revlew Review of the charitys financial FQSitK)n at tt)e end ofthe eriod Slatement explain1r￿ the policy for holding rèserves stating why they are held 121 Total assets at end of financial perh￿ 2024 (Apn'l) were £127.443 P*8 122 Reserves are held for speafic projects and general overheads. At thts this time the dub has Iwo orvJoing projects.. the building of a new tM)at IKk￿ and the wrchase of a new raci At the end of the financial period there was £10.616 held in reserve for a new racing l*)at. £18.126 held in reserve for the boat house. The remai1￿er will be used to support on8 of thes8 project and the gen8ral kee and overheads insurance. rent etc . Amount of reserves held P•• 122 Reasons for holding zero res8rv8S Delalls of fund mat8rlalty In deficit Explanation of any uncertainties about the charity continuing as a going concem Pw8 122 P*• 124 P•¥ 123 Addttlonal InfOrn￿tIOn (Opllonal) You ma chwse to include further statements wh8re r8levant about: The club's main sourcè of funds are annual membership fees. training subs, general fundraising athvities arKI grants and donations sporting and local community organisats"ons. Slgnlflcant Individual grants and donatlons were: £66,345 from Sport England towards th8 new boat house (£56.961 received and spent in this financial year) £S.l￿ from Ccffiwall Communty Fund (Frances Rowe) towards electrics for the boat house £2,5W from Budtrstratton cour￿11 towards the eloctri(s for the boat house £1.LXY) from Balsdon Trusl towards the electrics the b)at house. The charity's principal sources of funds {indudirwJ any fundraising) 1.47 Investment pdicy and objectives including any social investment policy adopt Parn 1.46 A desuiption of the principal risks facing the chaity Para 1.46 Oth8r Structurn, Governanc• and Management DesrJipb'on of charity's trusts: Type of govemin9 d(xument Pw8 125 How Is the charty constituted? P*a1 iorated Tnjslee selectk)n methods induding details of any constitutional provisions e.g. election to or name of any person or body entitl8d to appoint one or m(xe trustees Paa 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 charty tfust86s will retire at each AGM. Addlllonal Infomlatlon loptlonal) You ma choose to indude further statements where relevant about: Poiicaes and procedures adopted frjr the induction and trainlng of trustees Pn1.51 The ¢harity's organisational structure and any wder network with whith the charity works p￿1.61 Relationship with ary related parties p￿1.51 CXh8r Reference and Administrative details Charl nam8 Other name the cha uses istered cha number Charlty's prlncSpal address Bude Pilot Gi Bude G" Club 1194318 Crimpa Fami. Pancrasweek. Hol&worthy, EX22 7JN Club Namès of the Charfty trustees WI￿ manage the charity Trustee name thYle• {W any) Narne of person {orbodyl entllled oint trustee rfaft JcKly Dennett Neil Dennett Terry Hopper Kerry Schubert Jacqueline Hardwick Deborah Squirrell Jennifer Parker James Neep Samantha Woodhouse Sarah W8lbum Michelle Hinfey Mary-Lynn Jones Nrcola Ridg8 Jones Neil William8 10 11 12 1010512023 1010512023 13 14 2011112023 15 16 17 18 19 20 Cor ratsk trustees- names of the directors at thè date the Dlr•dor wasa Name of trustees h¢JldirKJ ttue to Fffopety belongirvJ to tha tharity Tfu•tg• nam• D•t•• 11 nrt forT•hol• Funds held as custodian trustees on behalf of others Description of the assets held in this ￿pacty Name and obj8cts of the charity on whose behalf the assets are h8ld and how this falls wthin the custodian charity's objects Detalls of arrangements for custody and segregation of such assets from the charity's own assets Addltlonal Infarmatlon (optlonal) Names and address0$ of advl•or• (Optlonal Informatlon) Typo of Namo Addrtss advisar Name of chlef executlve or names of senlor staff mombar* (Opdonal Infomiatlon) Exemptions from disclosure Reason for noTrdlsdosure of k8 nnel details Other o tional inforniatlon Declarations The trustees declare that they hav• approved the trustees. report above. Slgned on behalf of thè charity's t￿Ste¢S Signature($) Full name(s) Position {eg Secretary. Chalr, etc) Dato }r.ol. Lr **----- Start of picture text -----**
BUDE PILOT GIG CLUB
PROFIT AND LOSS - 05 APRIL 2024
2024 2023
INCOME
Memberships & Training 10,749 5,116
Fundraising 78,708 31,756
Fundraising - 5050 income 1,799 1,498
Misc 4,401 0
95,657 38,370
INTEREST 421 46
EXPENDITURE
50:50 prizes 543 813
Insurance 1,394 1,452
Legal 0 1,255
Rent 4,578 2,162
Fees (charges, memberships etc) 2,375 660
Repairs 1,075 8,429
Mileage 106 118
Sundries 2,348 384
Equipment depreciation 568 594
Building Depreciation 0 0
Race fees 2,272 274
0
15,258 16,141
SURPLUS OF INCOME OVER 80,820 22,275
EXPENSES
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Financial Accounts 2022-2023 Page 1 **----- Start of picture text -----**
BUDE PILOT GIG CLUB
BALANCE SHEET - 05 APRIL 2024 Note £
2024 2023
CAPITAL ASSETS 1
Gig shed (asset under construction) 81,777 924
Equipment 5,353 5,516
Net Book Value 87,130 6,440
Current Assets
Prepayments
Bank Account: Business Current Account 9,335 2,436
Bank Account: Deposit Account (Boat) 11,384 10,490
Bank Account: 50:50 1,468 650
Bank Account: Gig Shed 18,126 26,855
40,313 40,431
Current Liabilities
Trade Creditors
Accruals (5050 prize cheques) 0 248
0 248
Net Current Assets 40,313 40,183
Total Assets 127,443 46,623
Charitable funds 2
Unrestricted 109,317 19,768
Restricted 18,126 26855
Total 127,443 46,623
WARNING - BALANCE DOES NOT BALANCE 0 0
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BUDE PILOT GIG CLUB BANK RECONCILIATION CURRENT 5050 CLOSING BALANCE PER BANK 05/04/2024 £1,553.32 LESS UNPRESENTED CHEQUES cheque 200548 £21.25 cheque 200553 £42.50 cheque 200558 £21.25 £85.00 RECONCILED TO ACCOUNTS £1,468.32 **----- Start of picture text -----**
BUDE PILOT GIG CLUB
NOTES - 05 APRIL 2024
Fixed assets
Gig shed Equipment TOTAL
Net book value b/fwd 924 5,516 6,440
Additions 80,853 405 81,258
Disposals 0
Depreciation 568 568
Net book value c/fwd 81,777 5,353 87,130
Charitable funds
Unrestricted Restricted TOTAL
B/fwd 19,768 26,855 46,623
Surplus for ther year 89,549 -8,729 80,820
C/fwd 109,317 18,126 127,443
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustees BUDE PILOT GIG CLUB On accounts for the year ended 5TH APRIL 2024 Charlty no (rfany) 1194318 Set out on page8 1AND2 I report to the trustees on my examination of the a¢￿unt$ of the above charity (￿h& Trust.) for the year ended 0510412024. R￿ponSIbIlItieS and ba8ls of rnport As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Chariiies Act 2011 (tthe 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 all the applicable Diredions given by the Charity Commission under section 145(5)(b) of the Act. Independent I have completed my examination. I confimi that no material matters have examinorf8 Statsment come to my attention in connection with the examination (other than that di8closed below ') )*Aiich gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Iwe and fairf view which is not a matter Considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in ord8r to enable a proper understanding of the accounts to be reached. Signed: 1510112025 Name: ALAN CHARLES DICKERSON Relevant professlonal qualificatlon(s) or body (If anyl: NONE Address: ST. ELIA. PENSTOWE ROAD KILKHAMPTON, CORNWALL. EX23 9QT IER Oct 2018 Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidan￿ for examirErs). Give here brfef details of any items that tho examiner wishes to disclose. NONE IER Oct 2018