Charity Number: 1160123 Company Number: CE002844
## **Fishing Into The Future**
**A Charitable Incorporated Organisation (CIO)**
**Financial Statements For the year ended 31 December 2024**
**Fishing Into The Future**
## **For the Year Ended 31 December 2024**
|**Contents**||
|---|---|
||**Page**|
|Charity Information|1|
|Trustee's Report|2-3|
|Independent Examiners Report|4|
|Receipts and Payments Account|5|
|Statement of Assets and Liabilities|6|
|Notes to the Accounts|7-8|
## **Fishing Into The Future Charity Information**
## **For the Year Ended 31 December 2024**
**Trustees Trustees** David Stevens Chairman Richard Stride Appointed 4 September 2024 Ashley Mullenger Brian Douglas Appointed 4 September 2024 Neil Whitney Dr Magnus Johnson Appointed 4 September 2024 Michael Park (OBE) Paul Gilson Appointed 4 September 2024 David Anderson Toby Wright Appointed 4 September 2024 James Kelly Richard Hoskin Appointed 4 September 2024 Trevor William Jones George Lamplough Appointed 4 September 2024 Hannah Fennell Beshlie Pool Appointed 4 September 2024 Prof. Michel Kaiser Thomas Catchpole Appointed 4 September 2024 Jimmy Buchan Ian Wightman Appointed 4 September 2024 Hazel Curtis Cassandra Howe Appointed 4 September 2024 Adrian Bartlett Yasmin Ornsby Appointed 4 September 2024 Steven Mackinson David Jarrad Appointed 4 September 2024 Alan Steer Michael Warner Appointed 4 September 2024 Karl Price Asa Howe Appointed 4 September 2024 Jennifer Price Kara Brydson Appointed 4 September 2024 Carl Glynn Davies Glen Annison Appointed 4 September 2024 Emma Plotnek Aisling Lannin Appointed 4 September 2024 Philip McBryde Alexa Dayton Resigned 4 September 2024
**President** (Honourary Appointment) Alexa Dayton Appointed 4 September 2024
## **Registered Charity number**
1160123
**Registered Company number** CE002844
## **Principal address**
Fishmongers' Hall London Bridge London EC4R 9EL
## **Independent examiner**
Accounting 4 Everything SW Limited 13 Hyde Road Paignton Devon TQ4 5BW
Page 1
**Fishing Into The Future Report of the Trustees For the Year Ended 31 December 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' 2015.
## **Structure, Governance and Management**
## **Governing document**
Fishing Into The Future is a charitable incorporated organisation (CIO) foundation, registered on 23 January 2015 and governed by its constitution.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **Objectives and Activities**
## **Objectives and aims**
The purposes of the CIO are:
a) To promote sustainable development in UK fisheries for the benefit of the public by: i) The preservation, conservation and the protection of the marine environment and the prudent use of marine resources. ii) The promotion of sustainable means of achieving economic growth and regeneration in UK fisheries. b) To advance the education of the public in subjects related to sustainable development in UK fisheries and the protection, enhancement and rehabilition of the marine environment and to promote, study and research in such subjects provided that the useful results of such study are disseminated to the public at large.
Fishing into the Future has continued to fulfil charitable objectives and aims through offering unique and unparalleled opportunities to improve engagement between fishing industry, science and management. This has included:
i) F-REP – Continuation of in-person residential events: FITF successfully delivered the Fisheries Resource Education Programme (F-REP) on the East Coast in Febrauary 2024 with planning underway for further events in January 2025 on the Clyde and March 2025 in the South West. The East Coast F-REP event was attended by fishermen and people working in fishing organisations, as well as fisheries managers and scientists. The feedback from the workshop was positive with reports of successful connections and conversations between industry and managers. We held a pre-meeting for a Clyde F-REP in Glasgow in September 2024 which was well attended by the Clyde Fishermen's Trust, scottish government and fisheries scientists. We also met with the Plymouth Fishing and Seafood Association in November 2024 to discuss collaboration for a South West F-REP in 2025.
ii) Fishing Porthole website & FITF Talks. The Fishing Porthole webiste has been used as a hub of information for many of FITF’s materials and third party materials which is promoted using e- mails and social media. In 2024, FITF produced two reports to be shared widely with stakeholders; Our Core Values for Working Together Effectively, and in collaboration with Fisheries Innovation & Sustainability (FIS), the Scientist and Innovators Guide for Engaging with Fishermen. These both had a broad reach and serve to improve ways of working together. FITF delivered one FITF talk on Fishing Associations and Effective Representation, with approximately 50 participants and a number of expert speakers from fishing organsiations and research, serving to share information and connect people.
Page 2
## **Fishing Into The Future Report of the Trustees For the Year Ended 31 December 2024**
iii) Working with Others – FITF collaborated with the the University of Gloucestershire to support a project to develop a Commercial Fishermen’s Social Survey (known as the Fishing Lives Survey) and a Socio-Cultural Mapping of Fishing Grounds project with the consultancy firm ICF (Mapping what Matters). FITF provided support on project development, to communicate workshops and worked with local fishermen from our board of trustees to support workshop delivery. Our contribution was valuable as a way to connect more fishermen into the co-design of the work, which supports our long-term goal of collaborative research with the industry. It also was an example of how we can generate income to the charity by providing a service for relevant third party projects.
iv) Outreach – FITF regularly engages with fisheries stakeholders, the FITF Executive Director travelled to attend the Fishing News Awards and Skippers Expo in Aberdeen, and the Shellfish Association of Great Britian (SAGB) annual conference and dinner. We also attended a Fisheries Management Plan (FMP) Working Group meeting in Mousehole, and the Developing Cornwall's Fisheries Engagement Pilot in St Ives, and FITF was involved in the planning and organising discussions for both of these events - directly advising government on FITF's methods of working togerther effectively into real time fisheries management. FITF continues to form connections within fisheries stakeholders, presenting our work to the Sustaniable Fisheries Conference at Heriot-Watt University, to FMP working groups and teams lead by Seafish and the MMO, and for opportunites such as the Water to Table session during the Mission Kitchen Future of Fish event.
## **Financial Review**
During the year income increased to £161,769 (2023 - £137,681), and showed a carried forward fund of £172,247 (2023 - £160,200).
It is the policy of the trustees to hold unrestricted funds of a minimum of £50,000 at any time. At the year end, the CIO held unrestricted funds of £160,807 (2023 - £134,403) in the bank account.
## **Unrestricted Funds**
Unrestricted funding was approved by the court of the Fishmongers’ Company through the Fishmongers’ Company Fisheries Charitable Trust to support core operating costs to deliver our activities related to promoting co-management in UK fisheries, to build industry science relationships, to share knowledge and build trust.
## **Restricted Funds**
Restricted funds are provided by Fishmongers’ Company through the Fishmongers’ Company Fisheries Charitable Trust to support holding an F-REP on the Clyde in South West Scotland.
Restricted funds are provided by The Seafarers’ Charity to support fishermen's particpation in the Fisheries Resource Education Programme (F-REP)
Restricted funds from the Marine Fund Scotland, administered by the Marine Directorate at the Scottish Government were awarded to partially cover the costs of delivering in person Fisheries Resource Education Programme on the Clyde. This funding was approved in 2024, and the work was partially carried out in 2025. The claim and payment is scheduled for 2025.
Restricted funds from the UK government were awarded by the Fisheries and Seafood Scheme (FaSS), facilitated by the Marine Management Organisation (MMO) and Department for Environment, Food and Rural Affairs (DEFRA) provided project funding to cover 60% of the costs of delivering in person Fisheries Resource Education Programme residential events, as well as the supporting FITF Talks and the Fishing Porthole Website. This funding was approved in 2023, and the work was partially carried out in 2024, including the East Coast F-REP event, and the claim and payment occured in 2024.
We agreed to support DEFRA commissioned projects led by the University of Gloucestershire and the consultancy firm ICF. Work was carried out over 2024 and into 2025, with invoicing and payments scheduled for 2025.
We received funding from Sunderland Marine (NorthStandard Group) to support the attedance of young and trainee fishermen and skippers to attend the Fishing News Awards 2024 to build connections and outreach
## **Report Approval**
## 10/09/2025
Approved by order of the board of trustees on ................................... and signed on its behalf by:
............................................. David Stevens
Page 3
**Fishing Into The Future Independent Examiners Report For the Year Ended 31 December 2024**
I report on the accounts of the charity (number 1160123) for the year ended 31 December 2024, which are set out on the following pages.
## **Respective responsibities of trustees and examiner**
The charity's trustees are reponsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charity Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Act;
- to follow procedures laid down in the General Directions given by the Charity Commission;
- to state whether particular matters have come to my attention.
## **Basis of independent examiners statement**
My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
## **Independent examiners statement**
In connection with my examination, no matter has come to my attention
1 ) which gives me reasonable cause to believe that in any material respect the requirements:
- a) to keep accounting records in accordance with section 130 of the Charities Act; and
b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met. Or
2 ) to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
............................................. Date 28-Aug-25
Accounting 4 Everything SW Limited
13 Hyde Road Paignton Devon TQ4 5BW
Page 4
## **Fishing Into The Future Revenue Account**
## **For the Year Ended 31 December 2024**
|**Income**
Grants
**Payments**
Project delivery costs
Venue Costs
Insurance
Printing, postage and stationery
Telephone Costs
Sundry Expenses
Trustee meeting costs
Travel and subsistence costs
Bank charges
Leasing payments
Staff costs
Payroll costs
Independent Examiners Fees
Administration support
Website & email fees
Computer costs
Depreciation
**Total Payments**
Surplus/(Deficit)
Refund of overpayment of grants_(see below)_
**NET INCOME LESS EXPENDITURE**|**Unrestricted**
**Restricted**
**Total**
**Total fund**
**funds**
**funds**
**funds**
**2023**
**£**
**£**
**£**
**£**
138,394
23,375
161,769
137,681
138,394
23,375
161,769
137,681
57,860
4,205
62,065
74,702
29,194
40
29,234
-
448
-
448
468
-
-
-
-
846
-
846
-
300
-
300
202
-
-
-
-
5,473
-
5,473
2,357
244
-
244
195
-
-
-
-
12,319
32,597
44,916
45,673
133
386
519
504
1,141
-
1,141
1,080
2,077
-
2,077
2,809
86
-
86
-
1,760
-
1,760
1,703
615
-
615
615
112,494
37,228
149,723
130,308
25,900
13,853)
(
12,046
7,373
-
-
-
14,801)
(
25,900
13,853)
(
12,046
7,428)
(|
|---|---|
## _Refund of overpayment of grants_
_In 2023 FITF was awarded a grant from the Fisheries and Seafood Scheme (FaSS) that required match funding The MMO advised the incorrect percentage of match funding required. FITF were informed at the end of the grant period about this difference and were required to repay the difference to MMO and used unrestricted funding to cover this payment._
Page 5
## **Fishing Into The Future Statement of Assets and Liabilities (Balance Sheet) For the Year Ended 31 December 2024**
|**Fixed Assets**
Tangible Assets
**Current Assets**
Prepayments
Other Debtors
**Cash Funds**
Current account
**Liabilities**
Other Creditors
Taxes and social security
Accruals
**Assets less Liabilities**
**Capital Account**
Income funds brought forward
Excess for the year
**NET ASSETS**|**Unrestricted**
**Restricted**
**Total**
**Total fund**
**funds**
**funds**
**funds**
**2023**
**£**
**£**
**£**
**£**
0
-
0
615
-
-
-
-
-
-
-
-
160,807
11,944
172,751
160,090
160,807
11,944
172,751
160,090
-
-
-
-
-
-
-
-
504
-
504
504
504
-
504
504
160,303
11,944
172,247
160,200
134,403
25,797
160,200
167,629
25,900
13,853)
(
12,046
7,428)
(
160,303
11,944
172,247
160,200|
|---|---|
Signed ............................................. Trustee Date:
Signed ............................................. Trustee Date:
Page 6
**Fishing Into The Future Notes to the Accounts For the Year Ended 31 December 2024**
## **1.1) Accounting Policies**
The accounts have been prepared in accordance with the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' 2015. and comply with the accounting requirements of the Charities Act 2011.
## **1.2) Incoming Resources**
Income from the sale of goods and services derived from charitable activities and own produce is included in incoming resources in the period in which the charity is entitled to the receipt. During the period there were no sales of goods and services with all income received from donations and grants for specific funding.
Income from donations and grants, including capital grants is included in incoming resources when these are receivable, except as follows:-
When donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods.
p y
becomes entitled to use such income, the income is deferred until those conditions are met.
## **1.3) Fixed Assets**
Tangible fixed assets, other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer Equipment
20% straight line
## **2) Number of employees**
The average monthly number of employees during the year was one (2023: one)
There were no employees whose annual remuneration was £60,000 or more.
During the year, the following payments were made to trustees for consultancy fees for projects and governance, and expenses:
|Hazel Curtis
Ashley Mullenger
Carl Davies
Alexa Dayton
David Stevens
Adrian Bartlett
Karl Price
Jennifer Price
Alan Steer
Neil Whitney
Michael Warner
Paul Gilson
Toby Wright|**Stipends**
**Consulting**
**Expenses**
Stipends
Consulting
Expenses
- 2,608 206 - 397 406
650 - 219 - 685 -
400 - 146 - - -
- 8,524 - - 8,339 -
- - 74 - 2,202 -
- 1,798 73 - 1,611 365
- 1,520 - - 793 -
250 1,500 123 - 150 -
400 - 308 - - -
- - - - 1,800 -
250 - - - - -
250 - - - - -
250 - - - - -
**2024**
2023|
|---|---|
||**2,450 15,950 1,149 - 15,976 771**|
Page 7
**Fishing Into The Future Notes to the Accounts For the Year Ended 31 December 2024**
## **3) Fixed Assets**
|**Cost**
Additions
**4)**
**Movement in Funds**
**Unrestricted funds**
General fund
**Restricted funds**
The Seafarers’ Charity
**At 31 December 2024**
At 31 December 2023
**Net Book Value**
At 1 January 2024
**At 31 December 2024**
**Depreciation**
At 1 January 2024
**At 31 December 2024**
Charge for year|Computer
Equipment
£
3,074
-
3,074
2,459
615
3,074
0
615
**At 31 Dec**
**Funds**
**2023**
**Received**
134,403
138,394|Total
£
3,074
-
3,074
2,459
615
3,074
0
615
**Funds**
**At 31 Dec**
**Expended**
**2024**
112,494
160,303|
|---|---|---|
||134,403
138,394
25,797
23,375
-
-|112,494
160,303
37,228
11,944
-
-|
||25,797
23,375|37,228
11,944|
||**160,200**
**161,769**|**149,723**
**172,247**|
Page 8