REGISTERED COMPANY NUMBER: 07377831 (England and Wales) REGISTERED CHARITY NUMBER: 1141744
Fishing For Forces Trustees' Report and
Unaudited Financial Statements for the Year Ended 30 September 2022
Haggards Crowther Professional Services LLP Chartered Accountants 2nd Floor, Heathmans House 19 Heathmans Road London SW6 4TJ
Fishing For Forces
Contents of the Financial Statements for the Year Ended 30 September 2022
| Page | |||
|---|---|---|---|
| Trustees' Report | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
Fishing For Forces
Trustees' Report
for the Year Ended 30 September 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
ACHIEVEMENT AND PERFORMANCE
This was another disastrous year for FFF with Covid spiking around the country which caused several possible events being cancelled and on some occasions before they even got off the ground from the planning stage. If it did not affect the members of HMAF then it affected mentors and this prevented members of HMAF from joining us on the waterside on two fronts.
Added to this a large number of fisheries were closed due to water shortage and fish mortality during the hot weather so this proved to be another challenging obstacle to overcome. Thankfully in July we still managed to hold our annual fundraising day thanks to the support of many regulars giving sterling support to FFF and quite a sum was raised.
Whilst the country was hoping for the drought to end, and tentative plans were made to start fishing in September, the country then suffered the unrecoverable loss of our Monarch. So many members of the armed forces were involved in the funeral arrangements so fishing days were very low on their agenda and many fisheries were still not fully operational so we concentrated our efforts on making 2023 a bumper year and events are planned from April until September.
FINANCIAL REVIEW
The charity made a loss of £5,989 (2021: loss £30,254) in the year which is all unrestricted in its use.
FUTURE PLANS
Despite the less than ideal circumstances under which we operated during the 2022 financial year, we will set a positive stance going into 2023 and get as many days as possible at the waterside making up for lost days.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Fishing For Forces was incorporated as company limited by guarantee on the 16 September 2010.
The companies articles state that there shall be no fewer than three trustees at any one point. Trustees are elected at general meetings and they are selected by considering the contribution they can make and the benefits they can bring to the foundation. All directors of the company must be trustees.
Appropriate procedures are in place to maintain the high quality of trustees and to ensure that they undergo such training as is necessary.
The charity is administered by its board of directors which meets regularly.
The trustees have assessed the major risks to which the charity is exposed to and are satisfied that systems are in place to mitigate exposure to those risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07377831 (England and Wales)
Registered Charity number
1141744
Page 1
Fishing For Forces
Trustees' Report
for the Year Ended 30 September 2022
Registered office
2nd Floor Heathmans House 19 Heathmans Road London SW6 4TJ
Trustees
Mr W G Howell Director Mr N C Mundy Director Mr J M Neville Director
Independent Examiner
Andrew Haggard FCA Haggards Crowther Professional Services LLP Chartered Accountants 2nd Floor, Heathmans House 19 Heathmans Road London SW6 4TJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................... Mr W G Howell - Trustee
Page 2
Independent Examiner's Report to the Trustees of Fishing For Forces
Independent examiner's report to the trustees of Fishing For Forces ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Andrew Haggard FCA
Haggards Crowther Professional Services LLP Chartered Accountants 2nd Floor, Heathmans House 19 Heathmans Road London SW6 4TJ
Date: .............................................
Page 3
Fishing For Forces
Statement of Financial Activities for the Year Ended 30 September 2022
| 30.9.22 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 36,081 EXPENDITURE ON Raising funds (2,400) Charitable activities 3 Charitable activities 44,471 Fishing days - Total 42,071 NET INCOME/(EXPENDITURE) (5,990) RECONCILIATION OF FUNDS Total funds brought forward 112,453 TOTAL FUNDS CARRIED FORWARD 106,463 |
30.9.21 Total funds £ 19,912 - 46,781 3,385 50,166 (30,254) 142,707 112,453 |
|---|---|
The notes form part of these financial statements
Page 4
Fishing For Forces
Balance Sheet
30 September 2022
| 30.9.22 Unrestricted fund Notes £ CURRENT ASSETS Stocks 7 2,600 Debtors 8 600 Cash at bank 109,596 112,796 CREDITORS Amounts falling due within one year 9 (6,333) NET CURRENT ASSETS 106,463 TOTAL ASSETS LESS CURRENT LIABILITIES 106,463 NET ASSETS 106,463 FUNDS 10 Unrestricted funds 106,463 TOTAL FUNDS 106,463 |
30.9.21 Total funds £ 200 600 115,590 116,390 (3,937) 112,453 112,453 112,453 112,453 112,453 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
Fishing For Forces
Balance Sheet - continued
30 September 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr W G Howell - Trustee
The notes form part of these financial statements
Page 6
Fishing For Forces
Notes to the Financial Statements for the Year Ended 30 September 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
Donations
30.9.22 30.9.21 £ £ 36,081 19,912
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Fishing For Forces
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
3. CHARITABLE ACTIVITIES COSTS
| Direct | Support | ||
|---|---|---|---|
| Costs | costs | Totals | |
| £ | £ | £ | |
| Charitable activities | 15,277 | 29,194 | 44,471 |
4. TRUSTEES' REMUNERATION AND BENEFITS
The Trustee Mr W G Howell received £25,000 (2021: £20,000) in salary for the year.
Trustees' expenses
The Trustee Mr W G Howell was reimbursed for expenses totalling £2,400 (2021: £354) for the year including £2,359 (2021: £140) in mileage allowance.
5. STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows: Number of administrative staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Raising funds Charitable activities Charitable activities Fishing days Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward |
30.9.22 30.9.21 £ £ 25,000 40,000 25,000 40,000 30.9.22 30.9.21 1 1 Unrestricte fund £ 19,912 - 46,781 3,385 50,166 (30,254) 142,707 |
|---|---|
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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Fishing For Forces
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricte | ||||
| fund | ||||
| £ | ||||
| TOTAL FUNDS CARRIED FORWARD | 112,453 | |||
| 7. | STOCKS | |||
| 30.9.22 | 30.9.21 | |||
| £ | £ | |||
| Stocks | 2,600 | 200 | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.9.22 | 30.9.21 | |||
| £ | £ | |||
| Prepayments and accrued income | 600 | 600 | ||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.9.22 | 30.9.21 | |||
| £ | £ | |||
| Social security and other taxes | 332 | 328 | ||
| Other creditors | 2,754 | 354 | ||
| Wages control account | 1,748 | 1,756 | ||
| Accruals and deferred income | 1,499 | 1,499 | ||
| 6,333 | 3,937 | |||
| 10. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1.10.21 | in funds | 30.9.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 112,453 | (5,990) | 106,463 | |
| TOTAL FUNDS | 112,453 | (5,990) | 106,463 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 36,081 | (42,071) | (5,990) | |
| TOTAL FUNDS | 36,081 | (42,071) | (5,990) |
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Fishing For Forces
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| At | movement | At | |
| 1.10.20 | in funds | 30.9.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 142,707 | (30,254) | 112,453 |
| TOTAL FUNDS | 142,707 | (30,254) | 112,453 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 19,912 | (50,166) | (30,254) |
| TOTAL FUNDS | 19,912 | (50,166) | (30,254) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.10.20 £ 142,707 142,707 |
Net movement in funds £ (36,244) (36,244) |
At 30.9.22 £ 106,463 |
|---|---|---|---|
| 106,463 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 55,993 | (92,237) | (36,244) |
| TOTAL FUNDS | 55,993 | (92,237) | (36,244) |
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Fishing For Forces
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
11. RELATED PARTY DISCLOSURES
At balance sheet date the company owed Mr W G Howell £2,754 (2021: £354). The outstanding balance is not subject to interest and is repayable on demand.
12. COMPANY LIMITED BY GUARANTEE
Fishing For Forces is a company limited by guarantee of the members and has no share capital. The members liability on the winding up of the company is limited to £10 each. The company has three members.
Page 11
Fishing For Forces
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 30 September 2022 | ||
| 30.9.22 | 30.9.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 36,081 | 19,912 |
| Total incoming resources | 36,081 | 19,912 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | 200 | 200 |
| Closing stock | (2,600) | (200) |
| (2,400) | - | |
| Charitable activities | ||
| Entertainment | 5,212 | - |
| Storage and rental | 1,800 | 1,800 |
| Mileage | 2,359 | 140 |
| Direct Costs of Activities | 3,106 | 3,385 |
| Travel | 2,800 | 1,450 |
| 15,277 | 6,775 | |
| Support costs | ||
| Management | ||
| Telephone | 367 | 289 |
| Postage and stationery | 463 | 279 |
| Computer Costs | 374 | 250 |
| 1,204 | 818 | |
| Finance | ||
| Bank charges | 60 | - |
| Governance costs | ||
| Wages | 25,000 | 40,000 |
| Accountancy and legal fees | 2,930 | 2,573 |
| 27,930 | 42,573 | |
| Total resources expended | 42,071 | 50,166 |
| Net expenditure | (5,990) | (30,254) |
This page does not form part of the statutory financial statements
Page 12