## **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** **----- Start of picture text -----**
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** **----- Start of picture text -----**
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** **----- Start of picture text -----**
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** **----- Start of picture text -----**
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| **----- Start of picture text -----**
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 **----- Start of picture text -----**
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** **----- Start of picture text -----**
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 preparat￿n 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 appliCat￿e 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