Trustees’ Annual Report for the period
From 01/01/2024 To 31/12/2024
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 W.I.; youth groups (scouts, guides, army/sea cadets). Publications (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 and 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 the skills of our membership. Local groups meet regularly for knotting activities and 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 and ropemaking. Our Library is now located at the Brunel Institute & 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 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 31/12/2024 IGKT had healthy & sufficient funds to cover future eventualities - £22K in unrestricted & £66K in restricted funds. |
| 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 | £88,523 |
| 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 & 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 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) |
|---|---|---|---|---|
| Sue Pennsion | Chair | Chair from May2024 | AGM | |
| Colin Byfleet | Treasurer | AGM | ||
| Tim Martin | Secretary | Secretaryfrom May2024 | AGM | |
| David Bodger | Secretaryto May2024 | AGM | ||
| Peter Hennessey | AGM | |||
| Clive Sandrey | From May2024 | AGM | ||
| Lynne Hudson | AGM | |||
| Retired during year |
||||
| Sheila Pearson | Chair to May2024 | |||
– 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 ~~——~~
Position (eg Secretary, Secretary Treasurer Chair, etc) ~~——~~ Date 27/09/2025 ~~—~~
International Guild of Knot Tyers
| Receipts and payments accounts for the year ended 31 December 2024 Unrestricted Restricted Total Funds Funds Funds 2023 Receipts Subscriptions 21 417 21 417 21 179 Advance subscriptions 0 0 20 Supplies 5 058 5 058 2 798 Donations & Gift Aid 1 422 15 000 16 422 14 572 Rope books 1 375 1 375 0 Raffles 752 752 625 Profit on M&G investment 2 243 2 243 0 Miscellaneous income 90 90 Interest 21 1852 1873 1381 32378 16 852 49 230 40 575 Payments Knotting matters 13 509 13 509 14 075 Supplies expenses 1 599 1 599 997 Supplies stock expenses 2 382 2 382 1 233 Secretarial & Admin 3 952 3 952 3 261 Membership expenses 4 796 4 796 4 079 Honorarium 0 0 0 AGM 1 790 1 790 2 785 Education 587 587 811 Storage costs 1 144 1 144 1 128 Publicity and website 1 750 1 750 1 444 PayPal charge 240 240 240 Books to museum 1 449 1 449 0 Ropebooks 1 155 1 155 0 Loss on M&G investment 0 0 104 Insurance 615 615 615 Bursaries 1 563 1 563 550 Library 0 0 2000 34968 1563 36 531 33 322 Surplus/(deficit) -2 590 15 289 12 699 7 253 Accumulated funds B/F 24 800 51 024 75 824 68 571 Accumulated funds C/F 22 210 66 313 88 523 75 824 Bank & investment balances 22 210 66 313 88 523 75 824 |
Receipts and payments accounts for the year ended 31 December 2024 Unrestricted Restricted Total Funds Funds Funds 2023 Receipts Subscriptions 21 417 21 417 21 179 Advance subscriptions 0 0 20 Supplies 5 058 5 058 2 798 Donations & Gift Aid 1 422 15 000 16 422 14 572 Rope books 1 375 1 375 0 Raffles 752 752 625 Profit on M&G investment 2 243 2 243 0 Miscellaneous income 90 90 Interest 21 1852 1873 1381 32378 16 852 49 230 40 575 Payments Knotting matters 13 509 13 509 14 075 Supplies expenses 1 599 1 599 997 Supplies stock expenses 2 382 2 382 1 233 Secretarial & Admin 3 952 3 952 3 261 Membership expenses 4 796 4 796 4 079 Honorarium 0 0 0 AGM 1 790 1 790 2 785 Education 587 587 811 Storage costs 1 144 1 144 1 128 Publicity and website 1 750 1 750 1 444 PayPal charge 240 240 240 Books to museum 1 449 1 449 0 Ropebooks 1 155 1 155 0 Loss on M&G investment 0 0 104 Insurance 615 615 615 Bursaries 1 563 1 563 550 Library 0 0 2000 34968 1563 36 531 33 322 Surplus/(deficit) -2 590 15 289 12 699 7 253 Accumulated funds B/F 24 800 51 024 75 824 68 571 Accumulated funds C/F 22 210 66 313 88 523 75 824 Bank & investment balances 22 210 66 313 88 523 75 824 |
|---|---|
Receipts Subscriptions Advance subscriptions Supplies Donations & Gift Aid Rope books Raffles Profit on M&G investment Miscellaneous income Interest Payments Knotting matters Supplies expenses Supplies stock expenses Secretarial & Admin Membership expenses Honorarium AGM Education Storage costs Publicity and website PayPal charge Books to museum Ropebooks Loss on M&G investment Insurance Bursaries Library Surplus/(deficit) Accumulated funds B/F Accumulated funds C/F Bank & investment balances |
|
| 32378 16 852 49 230 40 575 |
|
| 13 509 13 509 14 075 1 599 1 599 997 2 382 2 382 1 233 3 952 3 952 3 261 4 796 4 796 4 079 0 0 0 1 790 1 790 2 785 587 587 811 1 144 1 144 1 128 1 750 1 750 1 444 240 240 240 1 449 1 449 0 1 155 1 155 0 0 0 104 615 615 615 1 563 1 563 550 0 0 2000 |
|
| 34968 1563 36 531 33 322 |
|
| -2 590 15 289 12 699 7 253 24 800 51 024 75 824 68 571 |
|
| 22 210 66 313 88 523 75 824 |
|
| 22 210 66 313 88 523 75 824 |
| Makeup of Accumulated Funds at 31/12/2024 | Makeup of Accumulated Funds at 31/12/2024 |
|---|---|
| NatWestCurrent | 7244 |
| NatWestDeposit | 42 |
| PayPal | 257 |
| UnitedTrustBank 100-day | 38840 |
| UnitedTrustBank 40-day | 15000 |
| M&G CharityA/C | 27139 |
| Total | 88523 |
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