of GIG CLe• St Ives Pilot Gig Club Trustees, Annual Report Receipts and Payments Account & Statement Of Assets and Liabilities Reporting Period: 19th April 2023 to 31st December 2023 Charity ReBistration Number: 1202765
St Ives Pilot Gig Club Contents OBJEcfivES AND AcnvmES................................................................................. ACHIEVEMENTS AND PERFORMANCE................................................................... FINANCIAL REVIEW.............................................................................................. STRUCTURE. GOVERNANCE AND MANAGEMENT.................................................. REFERENCE AND ADMINISTRATIVE DETAILS.......................................................... FUNDS HELD AS cumDIAN TRusfEES ON BEHALF OF OTHERS............................. DECLARATIONS.................................................................................................. 10 RECEIPTS AND PAYMEpir&.................................................................................. 11 STATEMENTOFASSETSAND UABILITIESATTHE ENDOFTHE PERIOD................... 12 Trustee5' Annual Report Charity Re8lStration Number.. 1202765 19, April 2023- 31" Detember 2023 Page 2 of 12
St Ives Pilot Gig Club Objectives and Activities 50RP reference Summary of the purpose5 of the charity as set out in its governing document Pa¢ 1.17 St Ives Pilot Gig Club's primary purpose is the promotion of community participation in healthy recreation. In particular by the provision of facilitie5, encouragement, and instruction5 in the sport of rowing, in parhcular Cornish Pilot Gigs for the benefit of the public. DurinE the period the organisation has provided coachin& training and racing opportunitie5 for members. At the end of the year 35 local residents were members of the club and annual membership include5 access to equipment. training sessions and entry into regattas and championships should people wish to row more competitively. The trustees have full regard for the guidance issued by the Chairty Commission and are regularly briefed on the importance and requirements of operating for the public beneh"t. Summary of the main activitr.es in relation to those purposes for the public beneht, in parricular. the activities. projects or service5 identTfied in the account5. Para 1.17 a1 1.19 Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 Additional inforniation loptionall You may ch005e to include further statements where relewant about.. SORP tEfEren Policy on grant making PaTr 1.3# Not applicable at this time Poliry on social investment including program related investment Pa¢ 1.38 Not applitable at this time Contribution made by volunteers Para 1.38 All members volunteer their time to ensure all boats and rowing equipment are maintained. The day to day operations of the organisation are overseen by an elerted committee who volunteer for additional roles. These roles include". Club Captains Club Vice Captains Coxswains Boswain Secretary Treasurer Health and Safety Officer Well Bein Officer Other Trustee5' Annual Report Charity Re8lStration Number.. 1202765 19, April 2023- 31" Detember 2023 Page 3 of 12
St Ives Pilot Gig Club Achievements and Performance SORP tEfEren Summary of the main achievements of the charty. identifying the difference the charity's work has made to the circumstances of its beneh"Eiaries and any wider benefits to society as a whole. PaTr 1.20 In 2023 St Ives Pilot Gigi Club were able to be invited and attend the World Pilot Gig Championships on the Isles of Scilly. the 5 Island Race in Dorset and where weather allowed, attended a number of local regattas during the summer of 2023. Attending such events provided opportunities for member5 to competitively race and in order to do so developed their skills, knowledge and fitness to compete. Those who were not competing were also encouraged to attend. At the same time rowng training was provided throughout the year with 4 sessions per week available during the summer and I session in the winter supported by circuit training at the local sports centre. providinE a positive and inclusive environment to engage in health recreation and receive instruction in the heritage sport of gig rowing Members have formed strong friend5hip5 and many have commented on the mental health benefits of meeting new people and having Shared health and fitne55 goals. This is turn has impacted general well-being amongst members. combatted loneliness and given members a sense of accomplishment and achievement both individually and as a member of a wider team. Addttional infomiation loptionall You may choose to include further statements where relevant about.. Achievements against pa 1.41 During the period under review club 7 new objectives set female members came for a taster session and subsequently joined the club increasing community participation in healthy recreation. The or8ani5ation did not set any specilic fundraising objecrives in 2023, but was fortunate to be invtted to the St Ive5 food festival and raise £985.75, through the operation of a raffle and guess the weight of the oar competition. Local business donated prizes to support the club. Performance of fundraising activitr.es against objecrives set PaTr 1.41 In addition to this a JustGiving fundraiser was launched as a result of storm damage to a boat whilst on mooring. This enabled the organisation to raise £3,480.CM) before bank charges of £120.67 to pay for repairs and subsequentlv purchase the GRP gig-sloop" from the Trustee5' Annual Report Charity Re8lStration Number.. 1202765 19, April 2023- 31" Detember 2023 Page4 of 12
St Ives Pilot Gig Club Fisherman's Co-operative who owned the Gig and wanted to sell it rather than continue to loan her for the benefit of the organi5ation. Application was made to the lottery to obtain addthonal funding for a 3 gig to enable growth of the orEanisation but was unfortunately declined. Not applicable at this time Investment performance gainst objectives Para 1.41 other Trustee5' Annual Report Charity Re8lStration Number.. 1202765 19, April 2023- 31" Detember 2023 Page 5 of 12
St Ives Pilot Gig Club Financial Review SORP tEfEren Review of the charity's financial position at the end of the peri(>d Para 1.21 Receipts totalling £17,772 lunrestricted £10,492 and restricted £7,379lcame into the charity in the period to 31, December 2023. Against which expenditure of £13,279 lunrestrirted £3,261 and restricted £10.0181 was incurred. Total reserves of £4.592 lunrestrictedl are held a5 cash at the erbd of the year enough to cover some on going costs such as insurances should there be a decline in membership income in the following year. £4,592 lunrestrirtedl Not applicable at this time Statement explaining the policy for holding reserve5 Stating why they are held Para 1.22 Amount of reserves held Reasons for holding zero reserves Details of fund materially in defi-cit Explanation of any uncertainties about the charity contr"nuin@ as a going concem Para 1.22 Para 1.22 Para 1.24 Not applicable at this time Para 1.23 Not applitable at this time Additional information loptionall You may choose to include further ststements where relevant abo= The charity's principal sources Para 1.47 The Charity relies principally on membership of funds (including any fees to cover the cost of maintenance and fundrai5ingl moorings. New equipment is funded by application for specific grants and through fundtaising achvitie5 Not applicable at this time 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 An aging local population and high level of second home ownership means there is a very small comwnunity from which to draw new members. In addition to this other personal and work commitments can impact of members being able to remain actively involved. Both of the above risk a reduction in membership and with this income to enable basic operating costs to be covered. There is a ceiling on membership fee levels as the organisation wi5he5 to remain cost effective and indusive Other Trustee5' Annual Report Charity Re8lStration Number.. 1202765 19, April 2023- 31" Detember 2023 Page 6 of 12
St Ives Pilot Gig Club Structure, Governance and Management Description of charity'5 tru5ts'. Type of governing document SORP tEfEren Para 1.25 Charitable Incorporated Organisation Constitution cio How is the charity constituted? Para 1.25 Trustee selection methods including details of anv constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Anyone wishing to become a Trustee is invited to make their wishes known and to provide the organisation with an outline of what they are able to contribute to the Charity in this role. Add5tional Infomiation loptionall You may choose to include further statements where relevant about.. Policies and procedures Para 1.51 Trustees are provided with the Charity adopted for the induction and Commission Trustee Welcome pack training of trustees he charity's organisational Structure and any wider network with which the charity works Para 1.51 The Charity has a board of Trustees who have voted to pa55 day to day operations to an elected committee. Relationship with any related parties Para 1.51 Not applicable at this time Other Trustee5' Annual Report Charity Re8lStration Number.. 1202765 19, April 2023- 31" Detember 2023 Page 7 of 12
St Ives Pilot Gig Club Reference and Administrative details Charity name Other name the charity uses Registered charity number Charity's principal address St Ives Pilot Gig Club SIPGC 1202765 The Wharf St Ives Harbour St Ives Cornwall TR26 ILH Names of the charity trustees who manage the tharity Date5 acted rf notfor whole year Name of Pe0 lor body) entitled to appoint trustee lif any) Trustee name Offio Irf any) Rosalind Atherton Chair Gayle Bowden Trustee Peta Earles Trustee Deborah Sedgeman Jennifer Cameron Trustee Treasurer 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 arted rf not for whole vear Trustee5' Annual Report Charity Re8lStration Number.. 1202765 19, April 2023- 31" Detember 2023 Page 8 of 12
St Ives Pilot Gig Club Funds held as custodian trustees on behalf of others Description of the assets held in thi5 capacity Not applicable at this time Name and objects of the charity on whose behalf the 355ets 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 355ets Additional information loptionall Names and addresses of advisers (Optional infomlationl Type of adviser Name Address Name of chlef executi¥e or names of senlor staff members {Optional Infom)ationl Exemptions from dlsclosure Reason for non-disclosure of key personnel details There are no paid employees. Other option31 information Trustee5' Annual Report Charity Re8lStration Number.. 1202765 19, April 2023- 31" Detember 2023 Page 9 of 12
St Ives Pilot Gig Club Declarations 5i8ned on behalf of thetharrrfstntstees Si8natwelsl Fdl namelsl Mrs AA1nd Atherton Mrs Peta Earles Chr Secretary ()rl Tru5te& Annual Report (harity ReOn M¢T. I1765 I Awil 2023- 31° December 2023 Pa8e lod 12
St Ives Pilot Gig Club Receipts and Payments Unrestsicted funds IDth& nèar•si Restricted funds Endowment fund5 Total funds ttyth¢ D¢arSte A1 Recol DatIOns. Lwi8sd ¢knL8 Funthaising El$- FLthFestr bErs subscrityK$ saeoflkrchtffidise hcomefrL¥n other¢0e 1129 3.129 4032 Sub totallGross incom8 for AR) 7AT9 17,7Y2 A2 Asset at)d Invests0 sale& see table Oarn 1tyJ Sub total lty) 10.4Y2 7.379 11M2 A3Pa ments Cter SofbM£re CPGAKÈmb¥5hip jryRepS I SuF*S 778 e EniryFees Trwing BacharL ETrd(rfsea5 Eb 170 ts andTrwhiey Cushio l CrtuL8 120 Sub total $281 4018 A4 A88Ot at)d Itwo8ts110111 urthases, see tab GRP "Sloo Srib total 4261 IQ018 15279 Net of r8ceipt51{paym8nts) AS Translers beiween funds A6 Cash lunds bsi y88r ond Cash funds thisyear end 7.231 639 1639 4592 Trustee5' Annual Report Charity Re8lStration Number.. 1202765 19, April 2023- 31" Detember 2023 Page 11 of 12
St Ives Pilot Gig Club Statement of assets and liabilities at the end of the period Unrestsicted funds io raMstÈ Restrlcted funds to n•¥bstÉ Endrwment funds tonoarèstÈ Categories Bl Cash funds Total Cash funds 4592 Il511 Umrtstwicttd nd Ro8tri¢tsd fund5 Endowmont funds #£ B2 Other The18ry as8ets assetbpknn ¢05t(tyi> B3 Invgstmpnt assots ¢05t(tyA> Currèntvalu 5getbEknn B4 Assets retsined for the ¢harity'$ own use 1DmO 10.000 3,500 5mO 2mO T1 10 TMlw2 Fdi0h lates n duo al B5 LlablttlÈ$ of althe tru5tee5 SvJnabJ Print Natt Date of roval Trustee5' Annual Report Charity Re8lStration Number.. 1202765 19, April 2023- 31" Detember 2023 Page 12 of 12