2023-12-31-accounts

Trustees’ Annual Report for the period

From 01/01/2023 To 31/12/2023

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	The promotion & teaching of knotting and associated crafts, e.g. ropemaking, 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 & activities to groups such as WI; youth groups (scouts, guides, army/sea cadets). Publication (quarterly) of a knotting magazine. Maintenance of 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 due regard to these rules.

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	All officers & Trustees are volunteers. Significant time & effort is spent voluntarily by active members putting on displays/demonstrations.
Other		N/A

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	Since its foundation IGKT has organised & published relevant book titles & been instrumental in enabling many more publications. Our Journal ‘Knotting Matters’, our Forum & Website & social media posts have raised awareness of knotting & associated crafts to a wider audience, as well as developing skills of our membership. Local groups meet regularly for knotting activities & exchange of information. Members have attended many public events where knotting & rope are involved, offering on- the-spot training of individuals in basic knot tying skills & ropemaking. Our Library is now located at the SS Great Britain & is accessible by the public. We have provided specific skills training to organisations on request at no cost to them. We provide bursaries to individuals to cover costs in their pursuit of our aims.

Additional information (optional) You may choose to include further statements	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 31/12/2023 we had just over £26K in net assets & £49.5K in our Bursary account. This is healthy & sufficient funds 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 & to ensure the health of the Charity.
Amount of reserves held	Para 1.22	£75,824
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	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 & donations.
Investment policy and objectives including any social investment policy adopted	Para 1.46	To provide a working capital buffer & to fund bursaries.
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 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 & vote at AGM.

Additional information (optional) You may choose to include further statements	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	IGKT
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	Chair		AGM
	Colin Byfleet	Treasurer		AGM
	Tim Martin			AGM
	David Bodger	Secretary		AGM
	Peter Hennessey			AGM
	Maurice McPartlan			AGM
	Lynne Hudson			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
None

Funds held as custodian trustees on behalf of others

Description of the assets None held in this capacity

Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for N/A 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) Colin Byfleet Full name(s) Timothy Martin ~~a~~ Position (eg Secretary, Secretary Treasurer Chair, etc) ~~ee~~ Date 19 October 2024 ~~PO~~

2023 IGKT Receipts & Payments Accounts

Receipts Membership Supplies Raffles Donations & Gift Aid Interest Advance subscriptions Payments Membership Supplies Exp Supplies Stock PayPal Charge Knotting Matters AGM Admin Education Storage Website Bursary Insurance IGKT Library Loss on M&G investment Net surplus	2023 Current Paypal Total 4,389 16,791 21,179 455 2,343 2,798 625 625 14,430 142 14,572 1,381 1,381 20 20 21,300 19,276 40,576 2,821 1,258 4,079 857 139 997 1,233 1,233 240 240 14,075 14,075 2,785 2,785 2,853 408 3,261 812 812 1,129 1,129 1,444 1,444 550 550 615 615 2,000 2,000 31,173 2,046 33,219 104 104 7,254 31/12/2023 1,721 4,021 197 44,988 0 24,896 0 75,824 Add surplus for 2023	2022 Total 20,533 3,775 903 14,929 793 443
		41,376
		4,142
		1,276
		1,720
		15,076
		779
		2,130
		0
		1,095
		3,738
		1,082
		587
		6,332
		37,957 31/12/2022 4,706 17,132 367 35,765 10,620 0 20
Statement of Assets Assets at NW Current NW Deposit PayPal UTB 100-d UTB bond M&G Advanced subs
Totals		68,571 7,254
		75,824

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