2022-12-31-accounts

Trustees’ Annual Report for the period

From 01/01/2022 Period start date To Period end date

31/12/3022

Charity name: IGKT

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	We promote and teach the skills-craft of knotting and associated crafts to members of the public.
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	Presentations and activities to groups such as theWI, youth groups-scouts, guides, army/sea cadets). We hold a library of knot books for reference, for public use. We publish (quarterly) a knotting magazine. We maintain a website including a forum for information exchange including tutorials.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	We confirm that the trustees have had due regard to these rules.

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

	SORP reference
Summary of the main 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	These have been achieved through our journal and forum together with social media and our website. Local groups meet regularly for knotting activities and exchange of information. Members have attended many public events where knotting and rope are involved in the organisation promoting the event to spread knowledge of the craft and these offer on the spot training of individuals in basic knot tying skills and rope making. Our library is now located in the SS Great Britain Library, Bristol and is open to the public. We have provided specific skills training to organisations on request at no cost to them. Providing bursaries to individuals to cover costs in their pursuit of our aims.

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	This is healthy with sufficient funds held to cover future eventualities.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves are held to cover future plans and ensure the health of the Charity.
Amount of reserves held	Para 1.22	£68,501
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	None

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	Membership subscriptions and donations
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:		None
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution agreed by members at the AGM
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 proposal and vote 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	IGKT
Other name the charity uses	International Guild of Knot Tyers
Registered charity number	802153
Charity’s principal address	Oaken Cleve 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 (ifany)
	Sheila Pearson	Chairman		AGM
	Colin Byfleet	Treasurer		AGM
	David Bodger	Secretary		AGM
	Lynne Hudson			AGM
	TimothyMartin			AGM
	Peter Hennessey			AGM
	Maurice McPartlan			AGM

– Corporate trustees names of the directors at the date the report was approved Director name None

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
N

Funds held as custodian trustees on behalf of others

Description of the assets None 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

Signature(s) Colin Byfleet Full name(s) David Bodger Position (eg Secretary, Secretary Treasurer Chair, etc) Date 23/11/2023

IGKT Accounts 2022

Receipts and Payments basis. All figures to nearest £.

Income		2022		2021	2021
	Unrestricted Restricted			Total
Subscriptions		20,533		20,533	20,100
Adv subscriptions		443		443 1386
Supplies		3,775		3,7753356
Donations + Gift Aid		2,929	12,000	14,929	12,791
Raffles		903		903	0
Interest (UTB&D/AC)		367	426	793	620
Sub-total		28,950	12,426	41376	38,253
Expenditure
Knotting Matters		15,076		15,076	13,950
Supplies Expenses		1,276		1,276	1,009
Supplies Stock		1,720		1,720	1,630
Secretarial & Admin		2,130		2,130	2,084
Membership Expenses		4,142		4,142	2,979
AGM net		779		779	0
Website		3,738		3,295	3,295
Storage		1,095		1,095	1,051
Insurance		587		587	587
Bursaries			1,082	1,082	0
Library			6 ,332	6 ,332	0
Sub-total		30,543	7,414	37,957	26,285
Net surplus		-1,593	5,012	3,419	11,668
Funds B/F		29,812	36,340	65,152	53,484
Funds C/F		28 ,219	40 ,352	68 ,571	65 ,152
Bank balances		28,239	40,352	68,591	65,615
Membership in advance		20		20	463
Net		28,219	40,352	68,571	65,152
Assets statement at	31/12/22
NatWest Current		4,706
NatWest Deposit		17,132
PayPal balance		367
United Trust		10 ,620	35 ,765
Totals		32,825	35,765	68,590

Colin Byfleet David Bodger IGKT Treasurer IGKT Secretary 28[th] April 2023

INTERNATIONAL GUILD OF KNOT TYERS Independent ExAmlner's Report to the Trnsteeslmembtrs of Internati•ttl Cuild of Knot TyeTS We rep)rt on the a¢counts of the Charity for the year en&d 31 DecemF£r 21>21 which 4re set out on pages I to 2. Respettive respom$ibilities of Trvstees Eximllltr The charity's Iru5tees aty T&8￿)nsible for the prqmration of the accounts in ￿ordance with the Charities Act 2011{'the Act,). The charity's (rust￿8 consider that an audi¢ ts not rryuired ftythts ye8rundu sectson 144 of the Act and that an independent examination is It is our responsibility to= Examirte ihe accounts under section 145 of the Charities A¢L 2. To follow the applirable Dire¢ti(w given by the Chariiy Corlltnission under Section 145{51{b) of the 201 l A￿. and To state whether particular matrus have come to our atterttion. B#sls of indepettd¢nt examiner's re￿rt Our examination w&s ca￿le4 iTt #ccordan¢e wth the Gen￿1 Dire£ions given by the Charity Commission¢r5. An examination includes 8 ￿vieW of the 2¢counting records kept by the Charity and a cornparison of the attounts presented with those rttords. It ￿$0 incluiks consideration of any unusual items or disclosure5 in th¢ a¢cowits. and seeking explanations from you *% Tru5¢ees concerring any such matters. The pn)cLYtures undertaken th) not wovide all the evidence that would be requtred in an audi( and cortsequentiy no opinton is given ￿ to whether the accounts prcscnt a'true and fair vi¢w' and the retth is lftmited to th(kse mattefts set out in the staiemeni below. Independent examiners ststethent In connectiott with our cxaminaiioN no material n￿tte[S h&8 C￿ne to ow attention which gives lJ5'.cause to believe that in, any tnateriaj Kstttt.. (al the aeeouttting rword5 wer¢ kept in accord￿ with Section 130 of the 2011 ALi or (b) the accounts did Mt k¢¢ord wilh the ace(HJnting rttords. or Ic) the accounts did not ¢omply with the applicable requirements Concerning the form and content of accounts set out in the Ch8rities (Ac£ounts and Rewts) Regulalions 2008 other than any requirement that the accounts give a'true and fair. view ￿h1¢h is not a m2tter considered ￿ part of an indepctsdent examination. We have no concerns and have come a¢ross no other matters in Connectt(￿ with the examination to wht¢h attention should draNvn in this terth in ordtt to enable a rrfo￿ understsndtng of the accounts to be reached. Name-. Bullimores Relevant profession81 iN)dy.' Insti of chart￿￿ Acc￿￿tants in EnglaThJ and Wales. Address: 50 South Street, South Ndoiton, Devon, EX36 4AG Date.. 30 April 2023