BARNSTAPLE PILOT GIG CLUB CIO
The objectives of the club are to promote community participation in healthy recreation by the provision of facilities for sea rowing, in particular Cornish pilot gigs for the benefit of the public.
Financial health, per its FY2024 accounts
The accounts state that the charity had total assets of £714,852 and net income of £37,793.63 against net expenditure of £24,744.92, resulting in a surplus for the year. The trustees report that the club is run entirely by volunteers with no paid employees, and reserves are held at £5,000 against a policy target of 12 months' anticipated expenditure.
What the accounts disclose
“The reserves policy is to have enough to see the club through 12 months anticipated expenditure.”
Property (HM Land Registry)
Trustees
- Anthony Richard Laytonchair
- Christopher John Walter
- Janet Hunter
- Linda Louise Matthews
- Michael John Fry
- Stephen Ivor Shortridge
- Stephen John Ford
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £38k | £25k |
| 31/12/2023 | £51k | £46k |
| 31/12/2022 | £44k | £53k |
| 31/12/2021 | £56k | £47k |
| 31/12/2020 | £30k | £33k |
Common questions
Is BARNSTAPLE PILOT GIG CLUB CIO financially healthy?
Per its FY2024 accounts: The accounts state that the charity had total assets of £714,852 and net income of £37,793.63 against net expenditure of £24,744.92, resulting in a surplus for the year. The trustees report that the club is run entirely by volunteers with no paid employees, and reserves are held at £5,000 against a policy target of 12 months' anticipated expenditure. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 11/04/2023 | £15k | Pilot Gig Rowing - a sport for all |
| Sport England | 19/10/2018 | £75k | Watersports Centre for Barnstaple |
| UK government | 19/10/2018 | £75k | ALB-Sport England-Watersports Centre for Barnstaple |
| Sport England | 27/01/2011 | £10k | Training Gig Project (GRP) |