## Fisher Charitable Foundation
Trustees' Report And Financial Statements
For the year ended 31 March 2025
**Registered Charity No. 1164310**
## FISHER CHARITABLE FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS
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Charity Number 1164310
Principal Address Unit 3 Fishers Industrial Estate
Wiggenhall Road
Watford
Hertfordshire
WD18 0FE
Bankers Handelsbanken
Watford Branch
St Andrews, The Belfry Business Park
Colonial Way
WD24 4WH
Accountants Moore Kingston Smith LLP
4 Victoria Square
St Albans
Hertfordshire
AL1 3TF
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## FISHER CHARITABLE FOUNDATION
## CONTENTS
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Page
Trustees' Report 1 - 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 - 7
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
## FISHER CHARITABLE FOUNDATION
## **Structure, governance and management**
The charity is regulated by a Declaration of Trust dated 27 October 2014 and is constituted as a trust. The registration number is 1164310, and the trust was registered as a charity on 9 November 2015.
## **Trustees**
New trustees are appointed by existing trustees. The trustees are responsible for the day to day management of the charity.
New trustees are provided with documentation to enable them to appreciate the Trust's objectives, organisation, method of operation and their responsibilities under the law. In addition existing trustees assist them in becoming fully conversant with their role.
The trustees who served the Trust during the period were as follows:
William Moorton Fisher Richard Paul Fisher Michele Brown
## **Objects and activities**
The objects of the charity are such purposes as are deemed by English Law to be wholly charitable as the Trustees may in their absolute discretion think fit. The charity makes donations to individuals and organisations in need and considers applications from other charities seeking sources of funding.
## **Public benefit**
The charity makes donations to individuals and organisations to support those in need.
## **Achievements and performance**
During the period, the charity made donations of £1,500 to both individuals and other charities.
## **Financial review and reserves policy**
At the period end the charity held reserves of £70,939. Given the nature of the charity activities, the charity only commits to making donations if the reserves are sufficient. Minimal level of reserves is required for the day to day running of the charity.
Page 1
## FISHER CHARITABLE FOUNDATION
TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)
## **Statement of Responsibilities of the Trustees**
The trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including the net income or expenditure for the period. In preparing those financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state where applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **W.M. Fisher**
On behalf of the Trustees
Date:
Page 2
## FISHER CHARITABLE FOUNDATION
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
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2025 2024
Unrestricted Restricted Total Funds Unrestricted Restricted Total Funds
Notes Funds Funds 2025 Funds Funds 2024
£ £ £ £ £ £
Income and endowments from:
Donations and legacies 2 79,100 - 79,100 - - -
Investment income 2 - - - - - -
Total 79,100 - 79,100 - - -
Expenditure on:
Charitable activities 3 (1,500) - (1,500) (54,316) - (54,316)
Other expenses 4 (2,166) - (2,166) (2,107) - (2,107)
Total (3,666) - (3,666) (56,423) - (56,423)
Net movement in funds 75,434 - 75,434 (56,423) - (56,423)
Reconciliation of funds:
- -
Funds brought forward (4,495) (4,495) 51,928 51,928
Funds carried forward 5 70,939 - 70,939 (4,495) - (4,495)
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The statement of financial activities includes all gains and losses recognised in the period and all income and expenditure derive from continuing activities.
Page 3
## FISHER CHARITABLE FOUNDATION
BALANCE SHEET AS AT 31 MARCH 2025
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Note 2025 2024
£ £
Current assets:
Cash at bank and in hand 77,999 465
Current Liabilities:
Accounting accrual 7,060 4,960
Net current assets 70,939 (4,495)
Total net assets 70,939 (4,495)
The funds of the charity:
Restricted funds 5 - -
Unrestricted
Unrestricted funds 5 70,939 (4,495)
Total unrestricted 70,939 (4,495)
Total funds 70,939 (4,495)
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Approved by the Board of Trustees signed on its behalf by:
W.M. Fisher
Date
Page 4
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
## FISHER CHARITABLE FOUNDATION
## **1 Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The applicable accounting policies are set out below.
The Fisher Charitable Foundation meets the definition of a public benefit entity. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Incoming resources**
All income is recognised in the Statement of Financial Activities when the conditions for receipt have been met and there is reasonable assurance of receipt. The following other accounting policies are applied to income:-
Interest receivable is calculated on an accruals basis.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs are allocated between categories on a direct basis.
## **Restricted funds**
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund.
## **Unrestricted funds**
Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.
## **Financial instruments**
The charity only has basic financial instruments.
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## FISHER CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
## **2 Income**
|**2 Income**|**2 Income**|||
|---|---|---|---|
|Donations received
Bank interest
**3 Expenditure on charitable activities**
Donations made
**4 Other expenses**
Accountancy
Bank charges
**5 Statement of funds**
**Balance at**
**01-Apr-24**
**£**
Unrestricted funds
(4,495)
**Total unrestricted funds**
(4,495)
Restricted funds
-
**Total restricted funds**
-
**Total funds**
(4,495)||**2025**
**Unrestricted**
**Funds**
**£**
79,100
-
79,100
**2025**
**Unrestricted**
**Funds**
**£**
1,500
1,500
**2025**
**Unrestricted**
**Funds**
**£**
2,100
66
2,166
**Income**
**Expenditure**
**£**
**£**
79,100
(3,666)
79,100
(3,666)
-
-
-
-
79,100
(3,666)
**Movement in resources**|**2024**
**Unrestricted**
**Funds**
**£**
-
-
-
**2024**
**Unrestricted**
**Funds**
**£**
54,316
54,316
**2024**
**Unrestricted**
**Funds**
**£**
2,040
67
2,107
**Balance at**
**31-Mar-25**
**£**
70,939
70,939
-
-
70,939|
|||||
|||||
Page 6
## FISHER CHARITABLE FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
## **6**
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Analysis of net assets between funds 2025 2024
Unrestricted Restricted Total Total
Funds Funds Funds Funds
£ £ £ £
Current assets 77,999 - 77,999 465
-
Current liabilities (7,060) (7,060) (4,960)
Total net assets 70,939 - 70,939 (4,495)
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## **7 Related party transactions**
During the period the Charity received donations of £77,000 from A.A. Fisher (Properties) Limited (2024: £Nil), a company registered in England and Wales, of whom W.M. Fisher is a director and shareholder and is also a trustee of the Charity.
## **8 Employees**
During the period the charity employed and average of 0 employees (2024: 0).
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