Charity registrati< numbÈr 1145586 Company registration number07788763 {England and Wale$l INTERNATIONAL POLE AND LINE FOUNDATION . ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 PAGES FOR FILING WITH REGISTRAR ACCIIP75 21109r2023 COMPANIES HOUSE A19
INTERNATIONAL POLE AND LINE FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Tru$tees Mr R Hoosen (Chairman) r J Burton Ms M Rann Mi M Mochtsr DrYLi Ms S Imend&Ungadi Mr U Baumganner Mr M Rasheed {Apt)oinied 8 August 2022) {Apwnted 23 Oecernber 20221 Secretary Field Seymour Parkts Charty number 1145586 Company number 07788763 Regist•red office 1 London Street Rea¢JiThJ Berkshire RG1 4aW Auditor DSA Prospect Aud*l Limited The Old Chapel Union Way tney Oxfordshire OX28 6HD Bankers HSBC UK Bank plc Thames Valley Corporate Level 7. Thames Towèr Station Road Reading, Be$hiTe RG1 1LX Solicitors Field Sejinour Pthes 1 London Street Reading Berksh¥e RG1 4QW
INTERNATIONAL POLE AND LINE FOUNDATION CONTENTS Page Trustees, report Statement of (rustees, responsibilities Independent audilorfs port statement of financial actiMlS Balar sheel 10 Statement of cash flows 11 Noles to the financial statements 12-22
INTERNATIONAL POLE AND LINE FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 The trustees present their annual report and financyal statements for Ihe year ended 31 De¢ember 2022. The acwunts have been prepared in accordance wlh the accounting policies set out in note 1 to the accounts and G¢mply wth the charity's Memorandum of Association. the Companies Aca 2)fj and °Accounting and - Reporting by Charrties. Stslernent ol Rerx)mmended Pracb"ce applioble to tharities preparing their accounts in accordance wrth the Finanual Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021" las amended for accounting pèriods commenung frorn 1 January 2016). Objectives and actlvities The chariV5 obJ"ectives and principal activilies ale to wunole suslainable development for the benefit of the public by.. the preservation. conservation and protethon of the enmronment in particuLir. bLrt not exdusively, the coastal and marine enwronment and the prudent vse of resources., the reliel of po¥ety and thè imyovemenl of conditsws of lifè in 50Lyalty and eGonomicalty disadvantagèd communities", the promotion of sustainable means of achiewng economic growth and regeneration., in particular. but not exdusivety. the conservatn of marine fish populations and Ihe environment on which they depend and by promoting for the publ beNefit effective managernent of ffisheries. and ensuring Ihe sustainability of global fish sloths and the heath of aquab"c e¢osystems generally". and advancement of Ihe education of the public in subjects relating to suslainable development and the prole¢iions. enhancement and rehabilitation of Ihe enwronment in particular. bul not exchjsively. strategies for sustainable development relating to the coast31 and marine environmènt. Ensurlng our work delfvers our alms We review our airns anLI actiwties each year. The ievrew looks al whal we achieved and the outcomes of our work in the preOuS 12 rnonths and at the success of each key actity helping us to ensvre oui aim. objectives and activities remain focused on our slated puoses. We have refeffed to the Charity CommissPS general guidance on publi¢ benefft when rewew¢ng our aims and objectives and in planning Qui future actiwlies. In particular. the tnJslees' conskler how Flanned actiwties will ointribute.to the aims and objectives they have set Publi¢ Benefit To achieve our miss, we collaborate wrth Stskeholder5 a(x055 sryènce pokncy and the seafi)od sector, leveiaging the influence of the Maet to drive su5tainat)le change and ryeate Publ benefit by." DEVELOPING SUPPLY.. improve existing and create new soaalty and environmentally responsible pole and line ff shel9 woddwtde. IPNLF initiale practical fishery projeds and help facilitate stakehokler cA)- operation. DRIVING DEMAND.. demonstrate Ihe benefits of pole and line fishing to coaslal cornmunities intèmation8lly. and help promote these Ihroughotrt the supply thain. IPNLF acl a5 a voice for the pole and line sector to help tell thè story of the people and places behind the product. The trustees have paid due regard to guidance issued by the Chanty Commission in dèciding what actikities the charity should undertake. The focus of our woTr* The Intemalional Pde and Line Foundation {IPNLFI works lo develop and demonstrate the value of one-by-one caught tuna lor thriwng coastal fiShers. The charills ambth.on is to improve the wellbeing of coastal communities and Ihe people and seas they conned.
INTERNATIONAL POLE AND LINE FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022 IPNLF'S core acbvilies are well alned wrth the UN'S sustainab Development Goals {SOGsl. helpng the sustainable managernènt of the wortd's luna fisheries wthile safeguarding the livelihoods they support. Our woik is evidence-based. soytrtions foujsed and guided by our Truslees. our Markets Advisory Group (MAG). and as required. by ouc Suenlific & TÈchniral Advis(Y Comrniltee (STACI. We believe businesses ¢an play an important role in ensuring syslainable developrnent_ Thi5 is now rnore relèvant than ever as the reper¢$s1o$ of the global COVID pandern are fett. highlighting the wlnerability of IJCAI fishing communities. The projects and work streams in IPNLF'S operatsons. oullined in the stratègy. are focussed to serve its charitable objeclives of ensuring sustainable development. This indudes the wntribution that one-by-one tuna fisheries can make to poverty ielief. economic growth. and environmental conservation. Achievements and performance Throughout 2022 IPNLF has grown in influen( and impact_ Through collaborative efforts of our execArtNe team. trustees. members and partners we are pleased to have had a successful year, with achievemenls induding.. Expanded and strengthened our Board of Trustees by bringing aboard tsyo new rnernbers. thèrèby broadening the mix of profession skills. personal èxperiènte and dTh7e¥ent perspedivts brought to our governance struclures. Received the award for the 'Be$t Fcus on &ierte' at the rtd Fo1 Fixum Film Festival in Rome for our Tuna Tales wtdeo series. IntroducÈd thè R&mayine Tuna Initkqtive, is focused on Creating greater market re¢ognition of coastal tuna fisheries, at the INFOFISH World Tuna Trade ffiference 2022 in Bangkok. Thailand. Implemented three projecls in the Maldives focussed on the use and sustainable management of livebail in the local pole-and-line fishery. Was awarded Iwo out of the nine global incubal¢y financial and mentorship granls selèded from more than 500 proposals under the Otsan Innovatstsn Challenge In 2022. Helped remote fishing communities in IndeS13 by installing a soLar-powered ic£ maker to improve the cokd chain white also improking fishing and haryesl handling lechniqyes. Gave wornen ffishèrfolk in Mahjives coastal communities direct marketing and brandtng CA)nlrol tsver their fish products. augmeMing Ihèir crmnmerryal value via a dwjrtal market pLqtft)rm. Supporte¢J private sector and govemfflent engagements in Indonesia by organisin9 Fisheries Co- Management Commiltee IFCMC) meetings in Southeast Sulawe& and Wèst Papua. Irnplemented our first Sèafood aualty Assurance Tool engagement in Oman, upskilbng handlane tuna fishers lo pr(Kluce high quality tuna thr¢xh improved orkboard handling praCteS and cold storage techniquès. PrOded technical support lo coastal Sta delegatwis at the Indran Ocean Tuna Commission IIOTCI. helping them to push through slrenglhenell ¢onser¥alKJn mèasures. Leading efforts within the NGO Tuna to de14eEop robust guidance doojments on Transhipments and on Human Rights and Labor. Signed a Mou with the MaldNes Ministry of Economic Development to collaboratively enhance the protection of migranl workers in the tuna fishery in the Maldives. Endorsed the Bali Declaration. together with seventeen gknbal IPNLF Member compans and the Indonesian Ministry ol Marine Affairs and Fisheries, integrating new ted)nok>gies and innovation in Indonesia's SMalScale tuna fisheries.
INTERNATIONAL POLE AND LINE FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Financial review Principle funding sources The charity is run by funds which A generated from membw substhptions. donatKx)s and skx)nsorship from retailers and brand owners. ReseNes Policy We have examined the charity's requirèmènts of rÈsÈNes in light of the main risks to the organisath)n. Therè is a policy whereby the restricted funds not ¢ommrtted ty invested in intsn91b fixed assets held by the charity shtsuld be beiween 3 months and 6 months. The budgeted expendituia for 2022 is £1.261,637 therefore the largèt reserves position is behyeen £315.409 and £630,818. The reserves are needed lo rneet Ihe working capilal requirements of the charily and we aTe confident at this level we would be able to continue ihe acliwb'es ol the charity in the evenl of a significant drop in funding. The presènt level of unrestricled funding available to the charity is therefore below the target. There have been many challenges to overcome and rircumslances to navigate under the current global pre$5urès and landscape. The strategy is lo continue lo build reserves future actiwes and 8ttr8¢t new members. We have also ¢onsidered the extelll lo whh existing a1¥11$ and expenditure ¢ould curtailed. should such rcumslances arise as risk Mitigat. Investment policy and objectivts Aside from retaining a pnJdenl amount seryes each.year, most ofthe charity's funds are to be spent on short to medium lerrn projects of a maximum of 1 year. minimal funds are thefOre availatle for k)ng lerrn investmenl. The trustees have assessed the major risks to which the charity 15 exposed. and are satisfied thal 5y51ems and processes are in place to rnitigate exposure to the major risks. Futu plans The charity is working with the rnaet to encourage commibments to sourcing pok and line luna and supporting develijpmenl ol these fisheries as part of their portfolio. The charty is developing guidelines for better posttharvesl management providing training and teaching tools, trad¢ing and comrnunicating global demand and fisheries for possible engagement. The tharity wll u)Ilate arnd engage in Scientif research and gairb expertise of academia globally. In parti13r. IPNLF will share besl practise amongsl fisheries and regions and focus on advanang thiid party cerlffi¢ati¢)n of fisheriès and undertake constant and ongoing outrÈad) wrth prospeciivè fisheries and markets. Structure, governance and mana9tment Govèrning document The organisation is a ch8nlable company, limited by guarantee. incDrporated on 27 September 2011 and registered as a charity on 23 January 2012. The tharitsble company Yd5 established under a MemorarHJum of Assooation whith established the objects and powers of the chartable c¥ynpany and is govemed under its Articles ofAswalM)n. Directors and trustees The trustees, who are also the direclors for the purpose of company law, and who seryed during the yearwerè." Mr R Hoosèn (Chairman) Mr J Burton Mr D Leadbitter Mr A Imbisono Ms M Rann Mr M Mothtar OrYLi IResigned 10 October 2022) (Regned 10 Oaober 2022}
INTERNATIONAL POLE AND LINE FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Ms S Imende-ungadi Mr U Baumgartner MrAAIi Mr M Rasheed {Appointed 8 August 20221 {Resigned 3 Dec&mber 20221 (Appointed 23 Oecember 20221 Recruitment and appointment of new trustees There wèrè Iwo regn31ions and thrèe nèw trusteès appointed during the year. New trustees, are reuuited based on the sknlls. knowledge and experience that Ihe Board requires lo ensu Ihat the charty is well governed. None of the trustees has any benefi¢ial interest in the company. All ofthè trustèes are members of the company avd guarantee lo cOntribe £1 in Ihe evenl of a wnding up. Organisational structure Intemational Pole and Line Foundation has been sel up as a charitable company limited by gLtarantee. 11 is managed by the board ol directors which foms the body of charity tnJstees'. Dècisionvmaking All relevant derisions must go Ihrough the board of trustees. Induction and training of nèw trvstèes The trustees are familiar with the prauical woth of the chanty. ha79 either a personal involvement or a lotvj term interest in what it does. Additionally. new trustees are inwted and encouraged to attend any training sessions offered to familiarise themselves with the thartly and the context in whith f( operales. Risk Management The Iruslees, have a duty to identrfy and review the risks to which the chawty is exposed and to'ensure appropnate controls are in place to provhle reasonable assuranr against fraud and error. Auditor In ac£ordance with the companrfs artdes, a resohJtion prop95ing that DSA PfospedAudit Limtted be rèappeinled as auditor of the company will be put at a General Meeting. Reference and administrative details Charity number". 07788763 Company number.. 1145586 Registered office.. 1 London Street. Reading, Bethshire. RG1 4QW The trustees, report was approved by the Board of Twstees. Mr R Hoosen Ichaimian) Dated.. Sep 13. 2023
INTERNATIONAL POLE AND LINE FOUNDATION STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2022 The irustees, who arè also thè diredors of IntÈmatKJnal Pcle and Line Foundatbon for the purpose of company law, are responsible for preparing the Trustees. Report and the financial siatements in accordance wilh applicable law and United Kingdom A¢UntIng Standards (United Kingdom Geneially Accepted Accounting Pradi¢el. Company Law requires the trustees to ppare ffin3no31 slalements for eath finantral year whith give a true and fair view of the stale of affairs of the charity and of the incoming resources and appli¢ation of resources, induding the income and Èxpèndilure. of the charilabtè company for that year. In preparing these financial statements, the trustees are required lo- - select suitable accounting poIleS and apply them eonsistently", - observe the methods and principles in the Charilies SORP" - make judgements and estimates that are reasonable and pmdenL state whether apph'cable UK Accounling Standards have been fdbwed. subject to any material dep8rlures disdosed and explained in the finan31 statements- arKJ prepare the financial statements on the going ¢on¢em basis unless r¢ is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounb.ng records that disdose wth reasonable accuracy at any time the financial postion of the charity and enable them to ensure thal the financial statements comply with the Companies Act 2CM]6. They are also responsible for safeguarding the assets of the charity and hence foi taknng reasonable steps for the prevention and detection of fraud and olher irregularilbe5.
INTERNATIONAL POLE AND LINE FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF INTERNATIONAL POLE AND LINE FOUNDATION Oplnian We have audited the ffinancial slatements of Intemational Pole and Line Foundatvn (the '¢harilll for the year ended 31 Oecernber 2022 whith cornprise the statement of financial acitwties, the baian¢e sheet, the statement of cash flows and the notes to the financial statements, induding a summary of significant accounting poliaes. The finaneial reporting framework thal has been applied in their preparation is applicable law and United Kingdorn AcLounling Standards, induding Financial Reporting Slandard 102 The Finaroal Repoffjng Standard applicable in Ihe UK afld R&publi¢ oflrel4rJd (United Kingdom Generally Actepted Accounting Prac"ce). In ovr opinion, the fjnancial slatements.. give a Irue and fair view of the State of the charitatAe companrfs affairs as ai 31 December 2022 and of its incoming resources and applicatiw of resources. for the year then ènded: have beÈn property prèpared in accordance wth United Kingdom Generally Accepted Accounting PTadicÈ'. have been prepared in accordance ¥Ath the requirements ofthe Companie5 Ad 20. Basis for opinion We conducted Qui audit in accA>rdance th 1nlemab.onal StarKlards on Audrttng (UK) IISAS IUK)l and applicable law. Our responsibilities under those standards are further describe(l in thè Audilorfs TrsponSi"lltles for thè audit of the financial statements section of OUT report. are indèpendènt of the charity in acttJrdancÈ with the ethical requirements that are relevant to our audrt of the financ4al statements in thè UK. induding the FRC'S Elhical Standard, and we have fulfilled our other ethi1 responsibilities in accordance wth these requiremenls. We believe that the audit evidence we have obtained is SLffKaent and appropriale lo provide a basis for our opinion. Conclu$ions relatin9 to going concern In auditing the financial statements, we have condu¢Jed Ihal the trustees. use of the going concem basis of accounljng in the preparation of Ihe financial statements is appiopriate. 8asèd on the work wè have perfed, we have not Klenlifbed any matèrial uncertainties relating to evènts or conditions that, individually or collectively. rnay easi 51gnific3nt doubt on (he chanty's abilty to continue as a going concem for a period of at leasl e1ve months from when the ffinanoal statements are ailthorised for issue. Our responsibililies and the respOnbIlitIeS of the trustees wth respecl lo going Cnc are described in the relevant secb.ons ol thi5 report. othèr information The other informalion wmprises the infomiation induded in the annual feport other than the ffinanaal statements and our auditorfs report thereon. The trustees are respongble for the other infomation contained wsthin the annual report. Our opinion on the finanrial stalemenls does not cover the other infomiation and we do not express any forrn of assur8n¢è condusion ihereon. Our responsibility is lo read the other infomialion and. in doing $0, consider whether the other infomaiion is maierially 1cn5•stent wtth the financial statemen15 or our knoedge obtained in the course of the audit, or otherwise appèars io be materially misstaied. If we identify SLJth material Inconsistenaes or apparent material misstatements, we are required to determine whether this gives rise to a material misststement in the financial statements themselves. If, based on the woth we have performed. we condude that there is a material misstalemenl of this olher informatK)n. we are requi to repthl that fact. We have nothing to report in this regard. Matters on which we are required to report by exception havè nothing to report in rèspect of the fdlowng mattèts in rdation to which the Charities {Ae£ounts and Reports) Regulalims 2008 require us to report lo you rf. in our opinion". the information given in the financial statements is inconsistent in any material respect wth the trustees, report", or sufficient ac(x)unting recorils have nol been kepl," or the financial statemerts are noi in agreement wth the acc¢yJnting records." or we have not received all the inlormation and explanations we require for our audit.
INTERNATIONAL POLE AND LINE FOUNDATION INDEPENDENT AUDITOR'S REPORT {CONTINUEDI TO THE TRUSTEES OF INTERNATIONAL POLE AND LINE FOUNDATION Responsibilities of trusteès As explained more fulty in the stalement of trustees. responsibilities. the trustees, who are also the directors of the ctrarity for the purpose ol company law, are reSponsie for ihe preparation of Ihe finanual statements and for being 5811sfied thal they give a true and fair wew. and for such inlemal control as the tru51ees determine is necessary to ènablè the prÈparation of financial statements that are tree from material misstatement. whether due lo fraud or error. In preparing the financial statemenls. the trustees are responsible for a$5essing the chanty's ability 10 ¢ontinue as a going &Jncern. disdosing, as applicable, malters related to going wncern and using the going concem basis of accounting unless the truslees either intend to IiquKJate the ¢haritable company or to cease operations, Qr have no realistic allematNe but to do so. AudÉtoes rèsponsibilities for the audit of the financial statements We have been appointed as audrtor under sedion 144 of the Chanlies Act 2011 and report in accordance wrfh the Act and relevant regulations made of hawing effeci thereunder. Our objeclives are to obtain reasonable assurance atrut whether the finanual staternents as a whole are Iree from matèrial misstatèmènt. whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is nol a guarantee that an audtt conducted in avA)rdancÈ with ISAS (Uffj will aayS detect a material misslatemènt when it exists. Misstatements can arise from fraud or error and are considered material rf, indswdually or IN the aggregate. they could reasonably be expected to inflvenee the economic decAsions of users taken on the basis of these financial staiemenis. The exlent lo which our pr¢xedures are Capab of detecng IrregularitS, indudirrfJ fraud, is detailed below. Our approath to Klentfying and assesstng the risks of material mis5talemènt in re5PètI of trregulanttes, indUd9 fraud and non-compliance wrth laws anil gUlarIons. was as follows" the engagement partnei ensured Ihat thè engagement team colleth.vely had the appropriate ¢ompètènee, capabilities and skills to identify or reccJnise non-compliance wth applicable laws and regulations,. we identified the laws and regulatsons applicable lo ihe company through discussions wth direciors and other rnanagernent, an¢J from oui cornmeraal kftedge and expenence of the industry., we focuse(l on specific laws and regulations which we consmlered may havè a direct material effect on thè financial statements or ¢he operalions of the ¢ompany. Induding the Companies Act 20(. taxation legislation and data protedion. anti-bribèry, employment. enwronmenlal linduding Waste Elèctrical and Electronic Equipment recyding EEl Regulations 20131 and health and safety legislation., we assessed the extent of compliance with the laws and regulations identified above through making ènquiries of management and inspecting legal correspondence,. and identifie¢J laws and regulations were communicated wthin the audit team règularfy and Ihe learn remained alert to instances of non-compli8nc£ throughovl Ihe audrt.
INTERNATIONAL POLE AND LINE FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF INTERNATIONAL POLE AND LINE FOUNDATION We assessed the susceptrbilty of the company's finanual Stslements to material misstatemenl. induding obtaining an understanding ol how fraud might occur, by-. rnakino enquiries of management as to where ihey )ndered the was susceplibility lo fraud. their knowledge of actual. suspected and alleged fraud". and considering the internal contrc4s in to miti.gate risks of fraud and non-compliance wilh laws and regulations. To address the risk of fraud through management bias and override of controls, we.. perfomied analytical procedures to identfy any unusual or unexpected rdationships.. tested journal enlries to identify unusual transactions". assessed whether judgements and assurnpttons made in detemiining the accounting estimates were indicalive of potential bias., and investigated the rationale behind signifirant unusual transactions. In response to the risk of irregularities al nOn-¢ompliare with law5 and regu181ions. we designed procedures which induded. but were not limrted lo.. agreeing finanejal statèmèni disdosures to underfylng supporting ¢Jo¢umentation- reading the rninules of meetings of those charged with 9overnance". enouiring of management as to actual and potential lth"gation and daims." and reviewing correspondence with HMRC, relevant re9uLators induding the Health and Safety Executive, and the company's legal adwsors. There are inherent limitations in our audii pro¢£durÈs described above_ The more removed that laws and regulations are fr(Nn financial transadions, the less likety it is that we would becorne awaie of non-cornpliance. Auditing standards also limit the audit procedures required to identify non-wmpliance with laws and regulations to enquiry of the directors and other management and the inspèctton of regulatory and tegal correspondence, if any. Material misstatements Ihat arise due lo fravd can be harder to delect than those ihal arise from err as they may involve deliberate concealrnent or ryjlusion. A further description of our re5ponsibdiliès is available the Financial Reporting Counal's website at.. https'.11 www.frc.org.ukl3udrtorsresponsibihties. This description forms part of our auditorfs report. This report is made solety lo the CA)mpany's members. as a boty. in acurd8nce wth se¢tion 391 of the Companies Act 2014. Our audrt work has bèèn undertaken so that we might State to the (x)mpanWs members those rnatters we are required lo state to them in an auditors report and for no othèr puSe. To the (lIest extent pemiittèd by law, we do not accept or assume responsibility lo anyone other than the company and the company's rnembers as a body. for our audit work, for this report, oi lor the opinions we have lomied. 1t(Sty 14.201313YGMT+lJ Mr Gary John McHale FCCA Isenior Statutory Auditor) for and on behalf of DSA Prospect Audht Limited Sep 14, 2023 Chartered Acrountsnts Statutory Auditor The Old Chapel Union Wdy tney Oxfordshire OX28 6HD DSA Prospeu Au¢Jrt Limite(l is eligible lof appointment as audiior of the charity.by virtue of its eligibility for appointment as audrtor of a company under seclKJn 1212 of the CoMpanS Ad 2(MJ6.
INTERNATIONAL POLE AND LINE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 UnrÈstrict•d RÈstrittÈd funds funds 2022 2022 Total Unrestricted Restrictèd funds funds 2021 2021 Totsl 2022 2021 Notes Incom Donations and grant5 receivable Member5fvip fees 226.629 310.813 754,970 981.599 310.813 163,043 300,983 401.209 564,252 3(M).983 Totsl income 537.442 754.970 1,292.412 464.026 401,209 865.235 Ex endiiure on= Charitable actiwties 413.X6 616.314 1.029.620 339,717 828.170 1.167.887 Net Incomtnglloutgoing} resources before transfers 124.136 138,656 262,792 124,309 1426.9611 1302,6521 Gross transfers belwèÈn funds {15.4121 15.412 Nèt Incomellexpenditurel for the yearl Nèi movement in funds 108,724 154.C68 262.792 124,309 (426,9611 1302,6521 Fund balancEs al 1 January 2022 1194.4881 222,211 27.723 1318.797) 649,172 330,375 Fund balances at 31 December 2022 (85,7641 376.279 290.515 {194,488) 222,211 27,723 The statement of financial aetiwtses indudes all gains and losses rècts3nisèd in the year. All income and expendibJre derive from continuing actml. The statement of fjnanaal aclmties also comF4ies vAth Ihe reqvifemeni$ for an income and expenditure a(tount under Ihe CoMpanS Act 20C6.
INTERNATIONAL POLE AND LINE FOUNDATION BALANCE SHEET AS A T 31 DECEMBER 2022 2022 2021 Ilotes Fixed ass•ts Tangible assets Investments 10 11 6,782 6.609 6,783 6.610 Current assets Debtors Cash at bank and in hand 12 262.181 289.517 240.168 67,4C() 551.698 307,568 Creditors.. amounts falling due within one yèar 13 1267.9661 {286,4551 Net current assets 283,732 21,113 Totsl assets less current liablllties 290.515 27.723 Income funds RestriGted fund5 Unrestricted fvnds 14 376.279 (85,7641 222.211 1194,4881 2,515 27.723 The company is enlrfled io the exemption from the audrt requirement contained in section 477 of ihe Gcfflpanies Act 2006. for the year ended 31 Decwber 2022. athw9h an audit ha5 been ¢affled OLrt under sedion 144 of the Charities Act 2011. The direclors acknowledge thèir responsibilitj.es for compl.9 with the requirements of Companies Act 2006 with respect to accounting records and the preparation of ffinanual statements. The members have not required the company to obtain an atsdit of its financial statements under the fequiremenls of the Companie5 Aca 2006. for Ihe year in question in accordance wilh section 476_ These finanryal stalements have been prepared and deh'vered in acLordance wth the prowsions applicable to companies subject to the small companies regime. Sep 13. 2023 The finanual statements were approved by the Trltstees C ......................... Mr R Hoosen (Chairman) Twstee Company registration number 07788763 10-
INTERNATIONAL POLE AND LINE FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Notes Cash nows from operating acti¥itses Cash 9enerated froml{ab50tbed by) operations 19 224.483 {359,3431 Investing activities Purchase of tangible fixed assets Net cash used in investing activities 12,3661 Net cash used In financing activitles Net increaselldecreasel in Cash and cash Èquivalents 222.117 1359.3431 Cash aftd cash equivalents at beginning of year 67.4C(J 426,743 Cash and cash equivalents al end of year 289.517 67,400 11
INTERNATIONAL POLE AND LINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Atcounting ptsliciès Charity information Intemational Pole and Line Foundation is a private company limited by guaranlee in¢orpored in England and Wales. The registered office is 1 London Street, Reading, Berkshire, RG1 4QW. The company has no share capilal and the liability of each member of a ndIng up is limrted to £1. 1.1 Accounting convention The financial staterHents have been Prepared in ae£ordan¢e with the charity's goveming docvment. Ihe Companies Act 2006 and "Accounb"ng and Reporting by Charities." Statement of Recommended Pradice applicable to charities preparino Iheir accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amendèd for accounting periods comrrenang from J January 2016). The charity is a Public Benefit Enity as defined by FRS 102. The financial statements are prepared in sterfing. whKh is the funcl1caI currency of the chalty. Monetary amounls in these financial statemerjts are rounded to the nearesl £. The finanual statements have been prepared undw Ihe hi5toiical oyst convention. The prinripal accounting poliues adopted arè set out below. 1.2 Going concem At the time of approwng Ihe finanryal statements. the trvstees have a reasonable expe(ation that the ¢harity has adèquate rèsources to continue in operatsonal existen for the foreseeable futurè. Thus the trustees continue to adopt the going concem basis of accounb.ng in prepanng the financ431 statements. 1.3 Charitsblè funds Unrestricted fvnds a available for use at the disrxetmjn of the trustees in furtherance of their charitable objectives. Re5tricled funds are subject t9 5pecffic conditions by donors as to how they may be used. The purposes and uses of Ihè rÈstrieted funds are set out in the note5 lo thè financial statements. Endowment funds are sut¥'e¢t to speofic cond5 by donots that the capital musl be maintained by the chairty. 1.4 Income Income is recognised when the charrty is legal en11td to it after any perfom)ance conditions have been met, the amounts can be measured reliabty. and it is probable Ihat income will be received. Cash donations are recognised on re¢eipl. Other donations are recognised on¢e the ¢harrty has been noiified of the donation, unless performance wnditions require deferral of the amount. In¢ome tax recoverable In relation lo donations received undèr Gift Aid or deèds of covenant Is recognised ai thè time of Ihe donation. Legarye5 a recognised on ie¢eipt or otheise rf the charity has been noliffed of an irnpending distribution. the amount Is known. and receipt is expected. If the amounl is nol known, the legacy is treated as a contingent asset. 12-
INTERNATIONAL POLE AND LINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policits {Continued) 1.5 Expènditurè Expenditu is accounted for on an accnJals basis as a liatN"lrty incurred. Charitable actiwlies comprise of those costs inujired by thè tharrty where the primary aim is the delivery of activities and services within Ihe oty'ects of the charity. It includes both costs thal can be allocated directly to such activities and those costs olan indireci nature to essary lo supwt them. Govemance costs include those costs associated wrt17 meeting the conslitutsonal and statutory requirements of the charrfy and indude the independent examinab.on fess and cosis linked to the strategic management of the charity. All wsts are allocated belween expendrture cegories of the SOFA on a basis desvJned tc rtrll8d the use of the resourc£. 1.6 Tangible fixed assets Tangible fixed assets are Init1 Measu at ¢ost and subsequentty rneasured at ¢ost or valuation. nel of deprecith.on and any impaiment losses. Depreaation is recognised $0 a5 to write off the CO or valuation of assets less their residual values over their useftjl lives on the following bases". Fixtures and fittings Computers Over the useful life of the asset Over thè usefth life of the asset The gain or k)ss ansing on the disposal of an asset is determined as the drffeiencg bètween tha sale proceeds and the (3rrying value of the asset, and is recognised in the statemenl of financial actiwties. 1.7 Fixed asset investments Fixed asset investments are initiany measured at transactitin price exduding transaction costs, and a subsequently measured at fair value at each reporting date. Changes in fair value are recogni5ed in net incomellexpenditurel for the year. Tran5actyon costs are expensed as incurred. A subsidiary Is an entity controlled by the charity. Contrd is the power to govem the financial and operalino policies of the entty so as to obtain benefits from its athwties. 1A Impaimient of fixÈd assets At each reporting end dale, the chanty rebryews the carryiThJ amounts of its langible assets lo determine whether there is any indication that those 855ets have suffere(l an impairment loss. If any sueh indication exists, the reVerable amount of the asset is estimaled in order to detemine the extent of the impairment loss lif any). 1.9 Cash and cash equivalents Cash and cash equivalent5 indude cash in hand. dep15 held at call with banks, other short-terrn liquid investments with original matLJrities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 13-
INTERNATIONAL POLE AND LINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policies Icontinuedl 1.10 Financial instruments The chaiity has Èleded to apY the [Slon$ of Seciion 11 'Basbc Financial Irtstruments. and Section 12 'Other Finanual Inslrtjments Issues. of FRS 102 to all of its finanry81 instrurnenls. Financial instruments are re¢ognised in the balarrE Sheet when the ¢harity becomes party to the ontraetual provis¥)ns of the instrument Financial assets an¢J liabilities are offset. wth the nel amounts prèsentèd in the finanoal statements, when there is a legally enforceable right to set off the recognised arnounts and there is an Intention to settle on a net basis or to realise the asset and see the Irability MtaneoUS- Basic financialassets Basic financJal assets. whth indude deblors and cash and bank balances, are initially rneastjred ai Iransaetion price inejuding Iransaction ttjsis and arè subsequentty carr1 at amortised cknst using the effective interest method unless the arrangement con5b"tutes a financing transactn. whefe the tiansaction is measured at the presènt vabje ol the futurè receipts discounted at a market late of interest Financ4al assets dassrfied as receivable within one year are not amorlisèd. Basic financial liabilities Basic finan(Jal liabilikn"ès, including crèditors and bank loans are inrtrally recognised at transaction price unless the arrangement conslrtutes a finanang transaction. where th dèbt instrumenl is measured at the present value of the future payments discoLtnted at a market late of interest. Finanoal liabilities dassified as payable within one year are not anThytised. Debt instruments are subsequently carried at arnrytised cost. usirvJ the effecb've interest rale method. Tfade cxedittsrs are obligations to pay for goods or services tha¢ have been acquired in the ordinary course of operations from suppliers. Amounts payab are dasstfied as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabililies. Trade ueditors are recognised inilially al Iransaclion price and subsequently measured at amortised cost using the effective interest method. Dereco9nition of financial Iiiabilities Financial liabilities are derecognised when the chariV$ c4)ntrXual Olgat1nS expire or are discharged or cancelled. 1.11 Employee benef The cost of any unused holiday entrfement is rec4nised in the peritsj whth th& empk)yee's services are received. Terrnination benefrts are recognised immediatety as an expense when the charity is demonstrabty committed to terminate the eMoYMent of an employee or lo pr0¥7de terminatK)n benefits. 1.12 Retirement benefits Payments lo defined contribution ietirefflenl benefft schemes a charged as an expense as Ihey fall due. 14-
INTERNATIONAL POLE AND LINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Critical accounting estimates and Igements In the applicatv)n of the charity's accounting polioes, Ihe trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities ihal are not readiSy apparent from other sources. The estimales and a550ciated assumptions are based on historical experience and olher factor5 that are considered to be relevant. Actual fesutts may differ from these eslimates. The estirnates and underlying assumptions are vieWed on an ongoing basis. Remsions to accounh.ng estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in Ihe period of the reVIOn and fiJture periods whefe the ievision affecas bth wrrenl and fulure periods. Donations and grants r•cei¥able UnrÈstri¢ted Restricted funds funds Totsl Unresliicted Rèstricted funds funds Total 2022 2022 2022 2021 2021 2021 Grants receivable 226.629 754.970 981.599 163.043 401,209 564,252 Grants recelvable for core activities Grant income furthering charity objectives 226.629 754,970 981.599 163.043 401.209 564.252 226.629 754.970 981,599 163.043 401,209 564,252 Membership f••s 2022 2021 Membership fees 310.813 300,983 15-
INTERNATIONAL POLE AND LINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022 Charitsble activities 2022 2021 Stsff costs Depreaation and imp8iment Project costs Travel costs Renl and rates Office costs Bank charges Insuran Advertising Telephone Profit or loss on foreign exthange 662.417 2.193 251.139 36.093 22,573 13.263 4.749 3,145 18.529 1,272 {30,14n 721.953 1,809 345.946 8.776 23,874 6.176 7,311 1.086 13.260 2.148 12.480 1,005,226 1,144.621 Share of govemance Cx)Sts {see ne 61 24,394 23.066 1,029,620 1,167,887 Analysis by fund Unrestricted funds Restricted funds 413,X 616.314 339,717 828.170 1.029.620 1.167,887 Support ¢osts Govemance 2022 2021 Accountancy fees Professional fees 8,625 15.769 8,625 15.769 7,158 15.908 24.394 24.394 23,066 Analysed between Charitable activilies 24,394 24,394 23,066 Govemano costs indudes paymenls to the auditor5 of £8.62512021 - £7.1581 for audrt fees. 16-
INTERNATIONAL POLE AND LINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Truste•s None of the trustees lor any persons connecled them) receNed any remuneration during the year, bul some trustees were reimbursed travelling expenses of £2.27512021- £1.21n and consuttancy expenses ol £0 (2021 £3,832). Employees Number of employees The average monlhly number of ernployees during the year was.. 2022 Number 2021 Number Employment costs 2022 2021 Wages and salaries Social securily costs Other pen*'on costs 511,968 10,715 3.396 456.758 8.116 2,272 526,079 467,146 The number of employees wh<)se annual remuneration was £60.Cm tsr more were.. 2022 Number 2021 t4umber Over £100.000 Taxation The chanty is exempt from tax on income and gains falling vthhift section 505 of the Taxes Act 1988 or secbon 252 of the Taxationol Chargeable Gains Act 1992 to the extent that these ale applied lo its charitable objecls. 17_
INTERNATIONAL POLE AND LINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 10 Tangible fixed assets Fixtur•s and Computers n95 Total C05t At 1 January 2022 Additions 3.192 2.366 9,742 2.366 At 31 December 2022 6,550 5,55B 12,108 Depreciation and impairnnt At 1 January 2022 Depre¢iation tharged in the year 1.260 1.080 1,873 1.113 3,133 2,193 At 31 December 2022 2,986 5,326 Carying amount At 31 December 2022 4.210 2,572 6.782 At 31 Deeember 2021 5,29) 1,319 6.609 11 Fixed at Investments Othèr investments Cost or valuatio At 1 January 2022 & 31 December 2022 Carying amount At 31 December 2022 At 31 Decèmber 2021 2022 2021 Other investments cornwise: Inveslvnents in subsidiaries 18 18-
INTERNATIONAL POLE AND LINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 12 Debto 2022 2021 Amounts falling due within one year. Trade debtors Other debtors Prepayments and accrued incme 186,874 69.095 6,212 190,155 43,996 6,017 262,181 240,168 13 Creditors: amounts falling due within one year 2022 2021 Trade creditors Othèr creditors Accruals and deferred income 7,932 48.f74 211,860 21.466 23,745 241,244 267,%6 286,455 19-
INTERNATIONAL POLE AND LINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 14 Re4tri¢ted futsdk turrtl¥ofIctrWEy 1rdthresled 01(kdWlhgrants trustts sFwkpuryx)ses." Moven*Trtin funds 2012 Grdrt 649.1TL 401.X6 IB28.170) 222211 751.970 1615.3141 15,412 376,279
INTERNATIONAL POLE AND LINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 15 Analysis of net a$$ets between fund$ Total 2022 Total 2021 Fund balances at 31 Decernber 2022 are represented by.. Tangible assets Investments Current aSsetlI18blliliesI 6,782 6.809 283.732 21.113 290,51 S 27.723 16 Audit report inlomlatio The auditorfs report was unqualffied. Mr Gary John McHale FCCA (Senlor Statutory Auditor) DSA Pro$pectAudit Limited Chartèrèd Aecountsnts ststutory Auditor 17 Related party transactions At the year end, Worfd IAfise Foods rnited owe the charitable o)mpany £52.652 12021--£6551. Thi5 loan is free of inlere51 with no fixed da of repayment_ The o)mpany is related by virtue of J Burton being a o)mrnon dtredornrustee. 18 Subsidiaries Details of the thariws subsidiaries at 31 December 2022 are as follows= Namè of undertaklng Reglstered Nature of businèss Class of share$ held % Held Direct Indirèct IPNLF LTD 1 London Streèt. Dirnnt company Reading. Berkshire. RG1 4QW Ordinary 100.00 21
INTERNATIONAL POLE AND LINE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 19 Cash generated from operdt•ons 2022 2021 Surpluslldeficatl for the year 262,792 {302,652} Adjustments for. Depreciation and impaiment of tangible ffixe(l assets 2.193 Movements in working ¢aprtal". Ilncreasel in debtors IDe¢rease}fincrease in (xedilors {22,0131 {18.4891 186,3661 27,887 Cash g•n•ratèd frornl{absoTbed by) opeTrtions 224.483 {359,343} 20 Analysis ol Changes in nèt funds The charty had no debl during the year.