Trustees’ Annual Report for the period
From 1/1/2021 To 31/12/2021
Charity name: International Guild of Knot Tyers
Charity registration number: 802153
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Preservation of knot tying and rope making skills |
| 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 |
Demonstrations at events around the world and publication of a quarterly journal. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | Yes |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | We have a bursary scheme administered by the Trustees |
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | Considerable time and effort in putting on displays |
| Other |
Achievements and Performance
----- Start of picture text -----
SORP reference
Since its foundation the Guild has
Summary of the main organised and published many book
Para 1.20
achievements of the charity, titles and been instrumental in
identifying the difference the encouraging many more publications.
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.
----- End of picture text -----
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
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At 31/12/2021 we had just over £30,000 in current funds and £35,000 in our Bursary account |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | About 1 year’s working capital, restricted Funds for Bursaries and providing a safe home for Guild library. |
| Amount of reserves held | Para 1.22 | £35,000 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
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 | Members’ subscriptions and donations |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | To provide a working capital buffer and fund Bursaries |
| A description of the principal risks facing the charity |
Para 1.46 | N/A |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Deed of Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Unincorporated association |
| 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 | By election at the AGM |
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
| Charity name | International Guild of Knot Tyers |
|---|---|
| Other name the charity uses | |
| Registered charity number | 802153 |
| Charity’s principal address | Oaken Cleave Cobbaton Umberleigh EX37 9SG |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Sheila Pearson | 1/1/2021-8/5/2021 | |||
| Sheila Pearson | Chair | 8/5/2021-31/12/2021 | ||
| David Bodger | Secretary | |||
| Colin Byfleet | Treasurer | |||
| Lynne Hudson | ||||
| Tim Martin | 8/5/2021-31/12/2021 | |||
| Maurice McPartlan | ||||
| Des Pawson | ||||
| Ken Yalden | Chair | 1/1/2021-8/5/2021 | ||
– 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
We have no staff
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Colin Russell Byfleet | Sheila Rosslyn Pearson | |
Treasurer |
Chair | |
| 22/9/2022 22/0/2022 |
||
| 22/9/2022 |
International Guild of Knot Tyers
Receipts and payments accounts for the year ended 31 December 2021 Unrestricted Restricted Total
| Funds | Funds | Funds | 2020 | |
|---|---|---|---|---|
| Receipts | ||||
| Subscriptions | 20100 | 20100 | 17002 | |
| Advance subscriptions | 1386 | 1386 | 3030 | |
| Supplies | 3356 | 3356 | 2415 | |
| Donations | 80 | 12000 | 12080 | 12050 |
| Raffles | 0 | 0 | 0 | |
| Gift Aid | 711 | 711 | 702 | |
| Interest | 428 | 192 | 620 | 818 |
| 26061 | 12192 | 38253 | 36017 | |
| Payments | ||||
| Knotting matters | 13950 | 13950 | 14566 | |
| Supplies expenses | 1009 | 1009 | 361 | |
| Supplies stock expenses | 1630 | 1630 | 1691 | |
| Administration | 934 | 934 | 1136 | |
| Membership expenses | 2979 | 2979 | 2069 | |
| Honorarium | 1150 | 1150 | 1150 | |
| AGM | 0 | 0 | 0 | |
| Education | 0 | 50 | ||
| Storage costs | 1051 | 1051 | 1054 | |
| Publicity and website | 3055 | 3055 | 395 | |
| Insurance | 587 | 587 | 606 | |
| Other payments: Bursary fund | 0 | 0 | 500 | |
| Paypal fees | 240 | 240 | 240 | |
| Depreciation & write off | 0 | |||
| 26585 | 0 | 26585 | 23818 | |
| Surplus/(deficit) | -524 | 12192 | 11668 | 12199 |
| Accumulated funds B/F | 30336 | 23148 | 53484 | 41285 |
| Accumulated funds C/F | 29812 | 35340 | 65152 | 53484 |
| Bank balances | 30275 | 35340 | 65615 | 55333 |
| Membership in advance | 463 | 463 | 1849 | |
| 29812 | 35340 | 65152 | 53484 | |
| Unrestricted | **Restricted ** | Total | ||
| Funds | Funds | Funds | 2020 |
INTERNATIONAL GUILD OF KNOT TYERS
Independent Examiner's Report to the Trustees/Members of International Guild of Knot Tyers
_________
We report on the accounts of the Charity for the year ended 31 December 2021, which are set out on pages 1 to 2.
Respective responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011(‘the Act’).
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 our 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 2011 Act, and
- To state whether particular matters have come to our attention.
Basis of independent examiner's report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 you as 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.
Independent examiners statement
In connection with our examination, no material matters has come to our attention which gives us cause to believe that in, any material respect:
(a) the accounting records were not kept in accordance with Section 130 of the 2011 Act; or
(b) the accounts did not accord with the accounting records; or
- (c) 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.
We 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.
Name: Bullimores
Relevant professional body: Institute of Chartered Accountants in England and Wales. Address: 50 South Street, South Molton, Devon, EX36 4AG Date: 04 March 2022