Trustees’ Annual Report for the period
From 06/04/2024 Period start date To 05/04/2025 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
Summary of the main Membership at Bude Pilot Gig Club runs for
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| Achievements and Performance | Achievements and Performance | Achievements and Performance |
|---|---|---|
| SORP reference | ||
| Summary of the main | Membership at Bude Pilot Gig Club runs for | |
| 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. At the end of 2024 there were 84 adult and 10 junior members benefiting from the participation in the sport of gig rowing. We have competed at all major CPGA events, improving our positions on previous years in many of them. Our ladies section is booming and we have put on extra training session to accommodate and have introduced a waiting list in some age categories to ensure existing members have ample opportunities to row competitively. |
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: |
|---|---|---|
| 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 2025
financial position at the end (April) were £152,557 (£22,462 in cash)
of the period
Statement explaining the Para 1.22 Reserves are held for specific projects and
policy for holding reserves general overheads.
stating why they are held
Amount of reserves held Para 1.22 At the end of the financial period there was
£2,931 held in reserve for a new racing
boat. The remaining cash reserves will be
used to support future projects and the
general upkeep and overheads (insurance,
rent etc).
Reasons for holding zero Para 1.22
reserves
Details of fund materially in Para 1.24
deficit
Explanation of any Para 1.23
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 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 in 2024/2025 were: £9,384 from Sport England £1,000 from Balsdon Trust A trailer to the value of £4,560 from Cornish Farmhouse |
|---|---|---|
| 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 Terry Hopper
4 Kerry Schubert Chair
Jacqueline Secretary
5
Hardwick
6 Deborah Squirrell
7 James Neep
Samantha
8
Woodhouse
9 Sarah Welburn
10 Michelle Hinfey Treasurer
11 Mary-Lynn Jones
Nicola Ridges-
12
Jones
13 Neil Williams
14 Simon Burke 04/11/2024
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
| Signed on behalf of the Signature(s) Full name(s) Position (egSecretary, Chair, etc) Date |
charitys trustees |
|---|---|
| Sarah Welburn Jody Dennett |
|
Treasurer and trustee Trustee |
|
| 04/02/2026 | |
| 04/02/2026 |
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BUDE PILOT GIG CLUB
PROFIT AND LOSS - 05 APRIL 2025
2025 2024
INCOME
Memberships & Training 8,776 10,749
Fundraising 26,680 78,708
Fundraising - 5050 income 1,705 1,799
Misc 3,078 4,401
40,239 95,657
INTEREST 344 421
EXPENDITURE
50:50 prizes 814 543
Insurance 1,325 1,394
Legal 0 0
Rent 2,377 4,578
Fees (charges, memberships etc) 1,307 2,375
Repairs 3,312 1,075
Mileage 273 106
Sundries 2,685 2,348
Equipment depreciation 1,168 568
Building Depreciation 0 0
Race fees 2,207 2,272
0
15,468 15,258
SURPLUS OF INCOME OVER 25,114 80,820
EXPENSES
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Financial Accounts 2022-2023 Page 1
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BUDE PILOT GIG CLUB
BALANCE SHEET - 05 APRIL 2025 Note £
2025 2024
Capital Assets 1
Gig shed (under construction) 103,162 81,777
Equipment 12,968 5,353
Equipment (Gig under construction) 14,000 0
Net Book Value 130,130 87,130
Current Cash Assets
Bank Account: Business Current Account 4,409 9,335
Bank Account: Deposit Account (Boat) 2,931 11,384
Bank Account: 50:50 2,239 1,468
Bank Account: Gig Shed 12,847 18,126
22,426 40,313
Current Liabilities
Net Current Cash Assets 22,426 40,313
Total Assets 152,555 127,443
Charitable funds 2
Unrestricted 139,711 109,317
Restricted 12,847 18126
Total 152,557 127,443
WARNING - BALANCE DOES NOT BALANCE -2 0
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BUDE PILOT GIG CLUB
BANK RECONCILIATION
| CURRENT 5050 | ||
|---|---|---|
| CLOSING BALANCE PER BANK 05/04/2025 | £2,171.51 | |
| LESS UNPRESENTED CHEQUES | ||
| cheque 200548 | £17.50 | £17.50 |
| PLUS EXPIRED UNPRESENTED CHEQUES 2024 | ||
| cheque 200548 | £21.25 | |
| cheque 200553 | £42.50 | |
| cheque 200555 | £21.25 | £85.00 |
RECONCILED TO ACCOUNTS
£2,239.01
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BUDE PILOT GIG CLUB
NOTES - 05 APRIL 2025
Fixed assets
Gig shed Equipment TOTAL
Net book value b/fwd 81,777 5,353 87,130
Additions 21,385 22,696 44,081
Disposals 0 0 0
Depreciation 0 1,168 1,168
Net book value c/fwd 103,162 26,881 130,043
Charitable funds
Unrestricted Restricted TOTAL
B/fwd 109,317 18,126 127,443
Surplus for ther year 30,394 -5,279 25,114
C/fwd 139,711 12,847 152,557
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees BUDE PILOT GIG CLUB On accounts for the year ended 5- APRIL 2025 Charfty no {if any) 1194318 Set out on pages 1AND2 I report to th8 trustees on my examinab'on of the accounts of the above charity (Ihe Trusf) for Ihe year ended 0510412025 As the charity8 tru8tee3, YOU arn responsible for the preparatn of the accounts in ac¢ordan¢e wtlh the requirements of the Charities Act 2011 (Yhe A(} Rosponslbllllles and basis of report I report in respect of my examination of th8 Trust's accounts carried out under section 145 of the 2011 Act and in carying out my 8xamination. I have followed all thè appliCate Directions 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 examinerfs statement come to my attention in connection wrth the examination (other than that disclosed below ') which gives me eause to believe that in, any material respect: the accounting records re not kept in accordance wtth section 130 of the Charities Act,. or the accounts did not acc<Jrd wrth the auntIng record8; or the accounts did rt comply with the applicable requirements conceming the form and content of accounts set out in the Charities {AcGounts and Reports) Regulations 2008 other than any requirement that the aCUnIS gwe a Irue and fair view which is not a matter consthred as part of an independent examination. I have no concems and have come a¢Ths no other matters in connection wrth the examination to whith attention should be drabvn in thi8 report in order to enable a proper urKlerstanding of the accounts to be raach8d.. Slgned: 2610W2026 Namo: ALAN CHARLES DICKERSON Relevant professional quallflcatlonls) or body (If any): NONE Address: ST. ELIA, PENSTOWE ROAD KILKHAMPTON, CORNWALL . EX23 9QT IER Oct 2018
Section B Disclosure Only complete rf the examiner needs to highlight material matters of concem (see CC32. IndeFendent examination of Charty accounts.. directions and guidance for examiners). Glv• herg brief detalls of any items that the examlnerwishes to disclose. NONE IER Oct 2018