## **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

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