## **Bearded Fishermen** ## **Charity No. 1188510** **Company No. CE021100** ## **Trustees' Report and Unaudited Accounts** **31 December 2020** **Bearded Fishermen Trustees Annual Report** The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the period ended 31 December 2020. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Company No. CE021100** ## **Charity No. 1188510** ## **Principal Office** Mercury House Willoughton Drive Foxby Lane Business Park DN21 1DY ## **Registered Office** Mercury House Willoughton Drive Foxby Lane Business Park DN21 1DY ## **Directors and Trustees** The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: S. Hanson T. Jervis D. Leyland M. Leyland A. Roberts - R. Roberts ## **Accountants** Acuity Accountants Ltd Mercury House Willoughton Drive Foxby lane Business Park Gainsborough DN21 1DY ## **OBJECTIVES AND ACTIVITIES** The purpose of the charity is mental health awareness and suicide prevention. The charity offers support via telephone, face to face, video meeting and support through counselling. The charity confirms that that the trustees have given due consideration to the Charity Commission's guidance on the public benefit requirement. Page 1 ## **Bearded Fishermen** ## **Trustees Annual Report** In the accounts to 31st December 2020 the charity has set up the NightWatch project. Supporting people who have gone missing from home and sending teams into hotspots to help people who are in crisis. A support centre has been set up and is open everyday 24 hours to receive mental health support, support planning and referrals. StreetWatch teams have been set up going out in areas which need help and working with door teams at pubs. A Crisis response team has been set up, this outreach response team carries emergency equipment and can respond to an emergency suicide attempt. ## **ACHIEVEMENTS AND PERFORMANCE** The main achievements of the charity in the year have been the setting up of several support teams for people in need of mental health support. The difference the charity's work has made to the people in need and society as a whole has been life-changing for some. ## **FINANCIAL REVIEW** Incoming resources for the year were £27,434. Net outgoing resources for the year were £15,311 leaving fund balances at the balance sheet date of £12,123 of which £0 is restricted and £12,123 is unrestricted. The Charity's policy on reserves is to ensure expenditure doesn't exceed income as to ensure going concern. The Charity carries adequate reserves to enable it to continue operations for the foreseeable future. The fundraising activities, social media and goodwill of public donations will, the trustees believe, ensure the inflow of funds in the coming years. The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks The total funds held by the charity at the period ended 31st December 2020 is £12,123. ## **PLANS FOR FUTURE PERIODS** The nature of the Charity requires ongoing fundraising and a need by the Trustees to protect the funds the Charity accumulates to ensure that the good work carried out continues well into the future as there will be an increasing need for mental health services. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** Bearded Fishermen is a registered charity with a Charity number of 1188510 and is governed by the Charity's governing document dated 12th March 2020. The Board of Trustees actively seeks to recruit new members to balance various skills required to manage the Charity The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the board R. Roberts Page 2 **Bearded Fishermen Trustees Annual Report** Trustee 31 December 2020 Page 3 **Bearded Fishermen Independent Examiners Report** ## **Independent Examiner's Report to the trustees of Bearded Fishermen** I report to the charity trustees on my examination of the accounts of Bearded Fishermen for the period ended 31 December 2020 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes. ## **Responsibilities and basis of report** As the trustees of the charity (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 charity 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that: - accounting records were not kept in accordance with section 386 of the 2006 Act ; or - the accounts do not accord with those records; or - the accounts do not comply with the accounting requirements under 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 - the accounts have not been prepared in accordance with the Charities SORP (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. Acuity Accountants Ltd Mercury House Willoughton Drive Foxby lane Business Park Gainsborough DN21 1DY 31 December 2020 Page 4 **Bearded Fishermen Statement of Financial Activities** ## **for the period ended 31 December 2020** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
**Total**
**Expenditure on:**
Charitable activities
4
Other
5
**Total**
Net gains on investments
**Net income**
6
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**|**Unrestricted**
**funds**
**2020**
**£**
27,434|**Total funds**
**2020**
**£**
27,434| |---|---|---| ||27,434
1,426
13,885|27,434
1,426
13,885| ||15,311
-|15,311
-| ||12,123
-|12,123
-| ||12,123|12,123| ||12,123|12,123| ||12,123|12,123| Page 5 **Bearded Fishermen Summary Income and Expenditure Account** ## **for the period ended 31 December 2020** |Income
**Gross income for the period**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the period**
Net income before tax for the period
**Net income for the period**|**2020**
**£**
27,434
27,434
14,773
538
15,311
12,123
12,123|**£**
27,434| |---|---|---| |||27,434| |||13,523
538| |||14,061| |||13,373| |||13,373| Page 6 **Bearded Fishermen Balance Sheet** ## **at 31 December 2020** |**at 31 December 2020**||| |---|---|---| |**Company No.**
**CE021100**|**Notes**|**2020**| |||**£**| |**Fixed assets**||| |Tangible assets|8|5,136| |||5,136| |**Current assets**||| |Debtors|9|605| |Cash at bank and in hand||8,134| |||8,739| |**Creditors:**Amount falling due within one year|10|(1,752)| |**Net current assets**||6,987| |**Total assets less current liabilities**||12,123| |**Net assets excluding pension asset or liability**||12,123| |**Total net assets**||12,123| |**The funds of the charity**||| |**Restricted funds**|11|| |**Unrestricted funds**|11|| |General funds||12,123| |||12,123| |**Reserves**|11|| |**Total funds**||12,123| These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the period ended 31 December 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 31 December 2020 And signed on its behalf by: R. Roberts Trustee 31 December 2020 Page 7 **Bearded Fishermen Notes to the Accounts** ## **for the period ended 31 December 2020** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 8 **Bearded Fishermen Notes to the Accounts** ## **Expenditure** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Tangible fixed assets and depreciation** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Equipment 25% Reducing balance Motor vehicles 25% Reducing balance Fixtures and fittings 15-30% Reducing balance ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Page 9 **Bearded Fishermen Notes to the Accounts** ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. ## 2 **Company status** The company is a private company limited by guarantee and consequently does not have share capital. ## 3 **Income from donations and legacies** |3
**Income from donations and legacies**||| |---|---|---| |General donations
Grants|**Unrestricted**
**£**
9,168
18,266
27,434|**Total**
**2020**
**£**
9,168
18,266| |||27,434| |||| |**Donated goods, facilities and services received**||| |Donations received general public
Grants
4
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Night watch
Foodbank and homeless
project
Radio station
_Governance costs_|**Unrestricted**
**£**
596
631
199
1,426|**Total**
**2020**
**£**
9,171
18,266| |||27,437| |||**Total**
**2020**
**£**
596
631
199| |||1,426| Page 10 **Bearded Fishermen Notes to the Accounts** 5 **Other expenditure** |Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
6
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
7
**Staff costs**
No employee received emoluments in excess
8
**Tangible fixed assets**
**Cost or revaluation**
Additions
At 31 December 2020
**Depreciation and**
**impairment**
Depreciation charge for the
year
At 31 December 2020
**Net book values**
At 31 December 2020
9
**Debtors**
Prepayments and accrued income|of £60,000.
**Equipment**
**£**
371
371
23
23
348|**Unrestricted**
**£**
900
180
2,432
5,817
538
2,011
2,007
13,885
**2020**
**£**
538
**Motor**
**vehicles**
**£**
2,100
2,100
131
131
1,969
**2020**
**£**
605
605|**Total**
**2020**
**£**
900
180
2,432
5,817
538
2,011
2,007
13,885
**Fixtures**
**and fittings**
**£**
3,203
3,203
384
384
2,819|**Total**
**£**
5,674| |---|---|---|---|---| |||||5,674| |||||538| |||||538| |||||5,136| |||||| Page 11 **Bearded Fishermen Notes to the Accounts** ## 10 **Creditors:** amounts falling due within one year |10 **Creditors:**
amounts falling due within one year|||| |---|---|---|---| |Accruals and deferred income|**2020**
**£**
1,752
1,752||| ||||| |11 **Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Revaluation Reserves:**
**Total funds**
12 **Analysis of net assets between funds**
Fixed assets
Net current assets
13 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
27,434
27,434|**Resources**
**expended**
**£**
(15,311)
(15,311)
**Unrestricte**
**d funds**
**£**
5,136
6,987
12,123
**Cash flows**
**£**|**At 31**
**December**
**2020**
**£**
12,123| ||||12,123| ||||**Total**
**£**
5,136
6,987| ||||12,123| ||||**At 31**
**December**
**2020**
**£**| |||8,134|8,134| |||8,134
8,134|8,134| ||||8,134| ## 14 **Related party disclosures** ## _**Controlling party**_ The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 12