## **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**| (HARITY COMMISSION FOR ENGiAM) AND I%￿Es Independent examinerfs report on the accounts Sectlon A lJ)depefident Examlnefs Rewt Report to th¢ Irustoos Intefnaii0081 Gwio ol iydwce wth sedknn 130 ofthe Cbarit*s Actr. iTrÈ act￿￿￿ did nol acccfd.￿rth the &tttL'ntsrg r>cLYds, or accwnig did wl corn?ty ¥Mth Ihe 80 table requwenenls 1x)r￿MIng the'tytn and conleni of 2cwJ*is sei cut Ir. tho Chartbe5 (Acownts an4 Reports) Reculaliois 2008 ¢+ther ltran any le4u1re￿￿nt hol the oxount5 give a 1we fair. 4￿1¢0 1$ rKJl 8 ma'.ler .shtiered 3$ part of an Ineepeiden.. exan.ration. I have r.o tr)n¢erns and have aG￿$s no Oknermalters in mnp.e¢tio ¢xamination lo 8f4onliort should be éftrfn in rep¢rt in ¢y1jer￿ enat4è a prcpef wN1W5t*i￿in9 ofth? acwunt5 to be reached. Siqn¢d.. DBte: 47 lx Narne: Relevant profe55ional I￿$r•￿TE OF Cwi GRtr)• u¥lificationlsl or body lifanyl.. 8r•fiLth•r) Addr￿. rb 4r IER Oet 2018