## **Secretary to the Trustees’ Report to the 2021 AGM**
## **1. Meetings**
Much of the trustee business has been carried out by email and telephone, and we also had three Zoom meetings.
## **2. George Hart Donation**
George Hart has made a further donation of £12,000 to the Guild. The Trustees agreed to put some of the money towards the production and placing of displays to promote knotting, to be offered to relevant museums around the world. Money would also be available to promote research into local knotting traditions, techniques and language. It is expected that this might be of interest to history and museum researchers as well as to the Guild. Both decisions were taken with the approval of George and an announcement will be made in KM encouraging people to come forward with possible venues. Some initial soundings have been made to a few likely venues but the Covid pandemic has put things on hold at present.
## **3. Trustee Membership**
The Trustees have been concerned that there were no women amongst its members and also feel that the number of Trustees should be increased from 5 to 7 to facilitate the possibilities of change. Sheila Pearson and Lynne Hudson have agreed to take up the extra places and have been co-opted as Trustees in the meantime. Following Ken Yalden’s decision to retire from the Trustees, as from the AGM, we have co-opted Tim Martin to fill the vacant position. These proposals will be put to the vote at the AGM.
## **4. Publications**
It was felt that the Guild should make more of the possibility of publishing knotting manuscripts and in order to facilitate this a Publications Team has been set up, chaired by Colin Grundy.
## **5. Honorary Membership**
The Trustees used their power to offer Honorary Membership to Nick Palmer, one of the Royal Navy’s last true riggers, for his work in the field of knotting and contributions to our historical knowledge. Sadly he died unexpectedly some months later.
## **6. Amazon Smile**
It was agreed to take up the offer of becoming a nominated charity in the Amazon Smile initiative. This means that every time a purchase is made from Amazon (UK only, unfortunately) by someone who nominates the IGKT as their chosen charity the Guild receives 0.5% of the purchase price at no cost to the customer.
David Bodger Secretary to the Trustees February 2021
|**International Guild of Knot Tyers**|**International Guild of Knot Tyers**|**International Guild of Knot Tyers**|**International Guild of Knot Tyers**||**Charity Number**|||8/10/2021
|
|---|---|---|---|---|---|---|---|---|
||||||**820153**||||
|**Receipts and payments accounts**|||||||||
|**For the period from**|Period start date||**To**|Period end date|||||
||1st January 2020|||31st December 2020|||||
||||||||||
|**Section A Receipts and payments**|||||||||
|**All figures shown to nearest £**|**Unrestricted**
**Funds**||**Restricted**
**Funds**||**Total funds**||**_2019_**||
||||||||||
|**Receipts**|||||||||
|Subscriptions|£17,002||||£17,002||_£16,296_||
|Advance subscriptions|£3,030||||£3,030||_£3,704_||
|Supplies|£2,415||||£2,415||_£2,701_||
|Donations|£50||£12,000||£12,050||_£12,300_||
|Raffles|£0||||£0||_£508_||
|Gift Aid|£702||||£702||_£735_||
|Interest|£670||£148||£818||_£290_||
||||||||||
||||||||||
|**_Sub total_**|**£23,869**||**£12,148**||**£36,017**||**_£36,534_**||
||||||||||
|**Payments**|||||||||
|KnottingMatters|£14,565||||£14,565||_£12,462_||
|Supplies expenses|£361||||£361||_£724_||
|Supplies stockpurchases|£1,691||||£1,691||_£983_||
|Administration|£1,136||||£1,136||_£679_||
|Membershipexpenses|£2,069||||£2,069||_£2,212_||
|Honorarium|£1,150||||£1,150||_£1,000_||
|AGM|£0||||£0||_£1,241_||
|Education|£50||||£50||||
|Storage costs|£1,054||||£1,054||_£857_||
|Publicityand website|£395||||£395||_£323_||
|Insurance|£606||||£606||_£639_||
|Otherpayments: Bursaryfund|£500||||£500||_£257_||
|Paypal fees|£240||||£240||||
|Depreciation & write off|£0||||£0||_£323_||
|**_Sub total_**|**£23,818**||**£0**||**£23,818**||**_£21,699_**||
||||||||||
||||||||||
|**_Totalpayments_**|**£23,818**||**£0**||**£23,818**||**_£21,699_**||
||||||||||
|**_Net of receipts/(payments)_**|**£51**||**£12,148**||**£12,199**||**_£14,835_**||
|**Non cash items(advance subscriptions**|**-£3,030**||||**-£3,030**||**_-£3,210_**||
|**Transfers between funds**|**£1,000**||**-£1,000**||||||
|**Cash funds lastyear end**|**£34,164**||**£12,000**||**£46,164**||**_£34,538_**||
|**_Cash funds thisyear end_**|**£32,185**||**£23,148**||**£55,333**||**_£46,164_**||
||||||||||
||||||||||
|**Section B Statement of assets and liabilities at the end of the period**|||||||||
|**Categories**|**Details**||||**Unrestricted**||**Restricted funds**||
||||||||||
|**B1 Cash funds**|Current Account||||**£4,090**||||
||Paypal||||**£87**||||
||Deposit Account and||||**£28,007**||**£23,148**||
||**_Total cash funds_**||||**£32,185**||**£23,148**||
||(agree balances with receipts
and payments account(s))||||**£32,185**||**£23,148**||
||||||||||
||**Details**||||||||
|**B4 Assets retained for the charity’s**
**own use**|Supplies stock||||||£3,086||
||||||||||
||||||||||
|Signed by one or two trustees on behalf
of all the trustees|**Signature**||||**Print Name**||**Date**||
||||||Colin Byfleet||09/05/2021||
|counts (SS)|1||||David Bodger||1
09/05/2021||
CCXX R1 accounts (SS)
|**THE INTERNATIONAL GUILD OF KNOT TYERS**|**THE INTERNATIONAL GUILD OF KNOT TYERS**|||||
|---|---|---|---|---|---|
|||||||
|**BALANCE SHEET OF 31 DECEMBER 2020**||||||
|||||||
|||||||
||**_2019_**
**2020**|||||
|||||||
|**TANGIBLE FIXED ASSETS**||||||
|Office and Computer equipment at cost||£0|||_£13,084_|
|Additions inyear||£0|||_£0_|
|Less: Depreciation to date||£0|||_-£13,045_|
|Write off of remainingfixed assets||£0|||_-£39_|
|||||||
|||£0|||_£0_|
|**CURRENT ASSETS**||||||
|Stock||£3,086|||_£2,331_|
|Debtors andprepayments||£3,030|||_£3,704_|
|Other current assets|||||_£0_|
|Gift Aid refunds|||||_£0_|
|PayPal account||£87||_£150_||
|Current account 85733520||£4,090||_£3,672_||
|Deposit Account and UTB deposits||||_£30,341_||
|100 day|£7,331|||||
|1yr bond|£10,333|||||
|2yr bond|£10,344|||||
|||£28,007||||
|||||||
|||||||
|||||||
|Restricted Funds(Bursary)|£23,148|||_£12,000_||
||||||_£46,163_|
|||£61,449|||_£52,198_|
|**Creditors**||||||
|||||||
|Suscriptions in advance 2020||-£3,030|||_-£3,704_|
|Subscriptions in advance 2021 on||-£1,849||||
|Other Creditors and accured liabilities||£0|||_£0_|
|Royalities topay||£0|||_£0_|
|||||||
|||-£4,879|||_-£3,704_|
|**NET CURRENT ASSETS**||||||
|||£56,570|||_£48,495_|
|||£56,570|||_£48,495_|
|**ACCUMULATED FUNDS**||||||
|Unrestricted Funds||£17,580|||_£19,447_|
|Restricted Funds||£23,148|||_£12,000_|
|Non Cash||£3,086|||_£1,837_|
|Designated funds for computer equipment||£3,586|||_£3,586_|
|||||||
|Net Income||£9,169|||_£11,625_|
|||||||
|||£56,569|£8,074||_£48,495_|
|||||||
|Increase equals cash surplus|||£9,169|||
|plus increase in stock|||£755|||
|less net advance subscriptions|||-£1,849|||
||||£8,074|||
|||||||
|**Cash Surplus**||||||
|I&E|£12,199|||||
|less advance subscriptions|£3,030|||||
|transfers between funds||||||
||£9,169|||||
## **Cash Balances**
||**2019**||**2020**|
|---|---|---|---|
|**Bank**|£3,673.49|£416.99|£4,090.48|
|**Paypal**|£149.54|-£62.27|£87.27|
|**Deposits**||||
|**Natwest**|£4.20|-£4.00|£0.20|
|**100days**|£10,186.59|-£2,856.08|£7,330.51|
|**1yr bond**|£10,150.00|£182.70|£10,332.70|
|**2yr bond**|£10,000.00|£343.84|£10,343.84|
|**Hart**|£12,000.00|£11,147.74|£23,147.74|
||**£46,163.82**|**£9,168.92**|**£55,332.74**|
**Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
Charity Name
**Report to the trustees/** Charity Name INTERNATIONAL GUILD OF KNOT TYERS **members of**
**On accounts for the year** 31[ST] DECEMBER 2020 **ended Set out on pages** 1-2
**Charity no** 820153 **(if any)**
**Respective** The charity's trustees are responsible for the preparation of the accounts in **responsibilities of** accordance with the Charities Act 2011 (“the Act”). **trustees and examiner**
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
- to state whether particular matters have come to my attention.
**Basis of independent examiner’s statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
1
**May 2018**
**IER**
**Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect,:
- the accounting records were not kept in accordance with section 130 of the Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**Date:** 28[th] March 2021 **Signed: Name:** ROBERT JOHN EVANS **Relevant professional** ACMA **qualification(s) or body (if any): Address:** ROYAL OAK COTTAGE, GOETRE USK NP15 1QP
## **Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
2
**May 2018**
**IER**