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2021-12-31-accounts

Bearded Fishermen

Charity No. 1188510

Company No. CE021100

Trustees' Report and Unaudited Accounts

31 December 2021

Bearded Fishermen Contents

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Summary Income and Expenditure Account 7
Balance Sheet 8
Notes to the Accounts 9 to 13
Detailed Statement of Financial Activities 14 to 15

Page 1

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 year ended 31 December 2021.

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

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 2

Bearded Fishermen Trustees Annual Report

In the accounts to 31st December 2021 the charity has set up the kids fishing project, they have continued to expand the night watch into other areas supporting people who have gone missing from home and sending teams into hotspots to help people.

A support centre is open everyday 24 hours to receive mental health support, support planning and referrals which has continued to grow.

StreetWatch teams are still on going providing much need help in areas which need help and support the most and working with door teams at pubs

A Crisis 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 has been expanding the night watch and street watch to help people, families, and communities break the cycle of mental health and suicidal thoughts by being there and supporting people of all ages to achieve the best outcome for them. 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 £41,418. Net outgoing resources for the year were £36,817 leaving fund balances at the balance sheet date of £4601 of which £0 is restricted and £4601 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 2021 is £3885.

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).

Page 3

Bearded Fishermen Trustees Annual Report

Signed on behalf of the board

R. Roberts Trustee

31 December 2021

Page 4

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 financial statements of Bearded Fishermen for the year ended 31 December 2021 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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements 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 financial statements 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:

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 financial statements to be reached.

Acuity Accountants Ltd Mercury House Willoughton Drive Foxby lane Business Park Gainsborough DN21 1DY 31 December 2021

Page 5

Bearded Fishermen Statement of Financial Activities

for the year ended 31 December 2021

Notes
Income and endowments
from:
Donations and legacies
4
Other
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net income
8
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2021
£
40,428
990		 Total funds
2021
£
40,428
990		 Total funds
2020
£
27,434
-
41,418
2,706
34,111		 41,418
2,706
34,111		 27,434
1,426
13,885
36,817
-		 36,817
-		 15,311
-
4,601
-		 4,601
-		 12,123
-
4,601 4,601 12,123
4,601
12,123		 4,601
12,123		 12,123
-
16,724 16,724 12,123

Page 6

Bearded Fishermen Summary Income and Expenditure Account

for the year ended 31 December 2021

Income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2021
£
41,418
41,418
33,707
3,110
36,817
4,601
4,601		 2020
£
27,434
27,434
14,773
538
15,311
12,123
12,123

Page 7

Bearded Fishermen Balance Sheet

at 31 December 2021

Company No.
CE021100
Notes
2021
£
Fixed assets
Tangible assets
10
8,522
8,522
Current assets
Debtors
11
224
Cash at bank and in hand
9,731
9,955
Creditors:Amount falling due within one year
12
(1,753)
Net current assets
8,202
Total assets less current liabilities
16,724
Net assets excluding pension asset or liability
16,724
Total net assets
16,724
The funds of the charity
Restricted funds
13
Unrestricted funds
13
General funds
16,724
16,724
Reserves
13
Total funds
16,724		 2020
£
5,136
5,136
605
8,134
8,739
(1,752)
6,987
12,123
12,123
12,123
12,123
12,123
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 year ended 31 December 2021 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 2021

And signed on its behalf by:

R. Roberts Trustee

31 December 2021

Page 8

Bearded Fishermen Statement of Cash flows for the year ended 31 December 2021

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Decrease/(Increase) in trade and other receivables
Increase in trade and other payables
Net cash provided by operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash used in investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2021
£
4,601
3,110
(990)
381
-
7,102
(6,496)
990
(5,506)
-
1,596
8,134
9,730
9,731
9,731		 2020
£
12,123
538
-
(605)
1,752
13,808
(5,674)
-
(5,674)
-
8,134
-
8,134
8,134
8,134

Page 9

Bearded Fishermen Notes to the Accounts

for the year ended 31 December 2021

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

Income

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 10

Bearded Fishermen Notes to the Accounts

Expenditure

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

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

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.

Page 11

Bearded Fishermen Notes to the Accounts

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 12

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 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Total
Expenditure on:
Charitable activities
Other
Total
Net income
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
27,434
1,426
13,885
15,311
12,123
12,123
12,123
12,123		 Total funds
2020
£
27,434
27,434
1,426
13,885
15,311
12,123
12,123
12,123
12,123

Page 13

Bearded Fishermen

Notes to the Accounts

4 Income from donations and legacies

4
Income from donations and legacies
General donations
Grants		 Unrestricted
£
33,994
6,434
40,428		 Total
2021
£
33,994
6,434
40,428		 Total
2020
£
9,168
18,266
27,434
Donated goods, facilities and services received
Donations received general public
Grants
5
Other income
6
Expenditure on charitable activities
Expenditure on charitable
activities
Night watch
Kids fishing project
Radio station
Governance costs		 Unrestricted
£
990
990		 Total
2021
£
32,953
6,434
39,387
Total
2021
£
990
990		 Total
2020
£
9,171
18,266
27,437
Total
2020
£
-
-
Unrestricted
£
2,027
-
679
2,706		 Total
2021
£
2,027
-
679
2,706		 Total
2020
£
596
631
199
1,426

Page 14

Bearded Fishermen Notes to the Accounts

7 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
8
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
9
Staff costs
No employee received emoluments in excess
10 Tangible fixed assets
Cost or revaluation
At 1 January 2021
Additions
At 31 December 2021
Depreciation and
impairment
At 1 January 2021
Depreciation charge for the
year
At 31 December 2021
Net book values
At 31 December 2021
At 31 December 2020
11 Debtors
Prepayments and accrued income		 of £60,000.
Equipment
£
371
-
371
23
87
110
261
348		 Unrestricted
£
-
2,225
6,578
13,832
3,110
8,031
335
34,111
2021
£
3,110
Motor
vehicles
£
2,100
3,699
5,799
131
1,417
1,548
4,251
1,969
2021
£
224
224		 Total
2021
£
-
2,225
6,578
13,832
3,110
8,031
335
34,111
Fixtures and
fittings
£
3,203
2,797
6,000
384
1,606
1,990
4,010
2,819		 Total
2020
£
900
180
2,432
5,817
538
2,011
2,007
13,885
2020
£
538
Total
£
5,674
6,496
12,170
538
3,110
3,648
8,522
5,136
2020
£
605
605

Page 15

Bearded Fishermen Notes to the Accounts

12 Creditors:

amounts falling due within one year

Accruals
13 Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Total funds
14 Analysis of net assets between funds
Fixed assets
Net current assets
15 Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 January
2021
12,123
12,123		 2021
£
1,753
1,753
Incoming
resources
(including
other
gains/losses
)
£
41,418
41,418
At 1 January
2021
£		 Resources
expended
£
(36,817)
(36,817)
Unrestricted
funds
£
8,522
8,202
16,724
Cash flows
£		 2020
£
1,752
1,752
At 31
December
2021
£
16,724
16,724
Total
£
8,522
8,202
16,724
At 31
December
2021
£
8,134 1,597 9,731
8,134
8,134		 1,597
1,597		 9,731
9,731
16 Related party disclosures
Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 16

Bearded Fishermen Detailed Statement of Financial Activities

for the year ended 31 December 2021

Income and endowments from:
Donations and legacies
General donations
Grants
Other
Total income and endowments
Expenditure on:
Charitable activities
Night watch
Kids fishing project
Radio station
Total of expenditure on charitable
activities
Other expenditure
Employee costs
Staff training
Motor and travel costs
Vehicles - General costs
Travel and subsistence
Premises costs
Rent
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Equipment
Depreciation of Motor vehicles
Depreciation of Fixtures and
fittings
Bank charges		 Unrestricted
funds
2021
£
33,994
6,434
40,428
990
990
41,418
2,027
-
679
2,706
2,706
-
-
2,225
2,225
6,411
167
6,578
11,803
2,029
13,832
87
1,417
1,606
451		 Total funds
2021
£
33,994
6,434
40,428
990
990
41,418
2,027
-
679
2,706
2,706
-
-
2,225
2,225
6,411
167
6,578
11,803
2,029
13,832
87
1,417
1,606
451		 Total funds
2020
£
9,168
18,266
27,434
-
-
27,434
596
631
199
1,426
1,426
900
900
180
180
2,379
53
2,432
3,164
2,653
5,817
23
131
384
37

Page 17

Bearded Fishermen Detailed Statement of Financial Activities

Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 842
1,721
280
2,136
2,601
11,141
115
220
335
34,111
36,817
-
4,601
4,601
-
4,601
12,123
16,724		 842
1,721
280
2,136
2,601
11,141
115
220
335
34,111
36,817
-
4,601
4,601
-
4,601
12,123
16,724		 792
443
-
401
338
2,549
1,750
257
2,007
13,885
15,311
-
12,123
12,123
-
12,123
-
12,123

Page 18