Your Company Name and/or Letter Head
BUSINESS ADVISORS • CHARTERED ACCOUNTANTS • REGISTERED AUDITORS
10 July 2023
Mercury House Willoughton Drive Foxby Lane Business Park DN21 1DY Bearded Fishermen
Dear ,
Accounts for Period ended 31/12/2022
Please find attached final accounts for Bearded Fishermen for the period ended 31/12/2022 [including filleted/abbreviated accounts if appropriate].
Please review the attached carefully and if you are happy that the accounts can be approved please print out a set of each of the attached documents, obtain appropriate signatures at the foot of each Balance Sheet [and Directors Report, if relevant] and return the signed documents to this office.
Please do not hesitate to contact us if you have any queries.
Yours sincerely,
Leanne Masterson
YOUR ADDRESS CAN GO HERE OR WHATEVER YOU MAY WANT IN THE FOOTER TELEPHONE: 01932 840572 FAX: 01932 855584 E-mail: support@btcsoftware.co.uk
Bearded Fishermen
Charity No. 1188510
Company No. CE021100
Trustees' Report and Unaudited Accounts
31 December 2022
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 | |
| Statement of Cash flows | 9 | |
| Notes to the Accounts | 10 to | 16 |
| Detailed Statement of Financial Activities | 17 to | 18 |
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 2022.
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 2
Bearded Fishermen
Trustees Annual Report
In the accounts to 31st December 2022 the charity has currently expanded Streetwatch in Gainsborough and are now in Scunthorpe and Retford too 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.
They currently have a call centre and an outreach team in Lincolnshire, Nottinghamshire and North Lincolnshire
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 £49,700. Net outgoing resources for the year were £39,131 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 2022 is £27,293.
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 20 June 2023
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 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows 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:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements 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 financial statements to be reached.
Acuity Accountants Ltd Mercury House Willoughton Drive Foxby lane Business Park Gainsborough DN21 1DY 20 June 2023
Page 5
Bearded Fishermen
Statement of Financial Activities
for the year ended 31 December 2022
| 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 2022 £ 49,700 - |
Total funds 2022 £ 49,700 - |
Total funds 2021 £ 40,428 990 |
|---|---|---|---|
| 49,700 3,284 35,847 |
49,700 3,284 35,847 |
41,418 2,706 34,111 |
|
| 39,131 - |
39,131 - |
36,817 - |
|
| 10,569 - |
10,569 - |
4,601 - |
|
| 10,569 | 10,569 | 4,601 | |
| 10,569 16,724 |
10,569 16,724 |
4,601 12,123 |
|
| 27,293 | 27,293 | 16,724 |
Page 6
Bearded Fishermen
Summary Income and Expenditure Account
for the year ended 31 December 2022
| 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 |
2022 £ 49,700 49,700 36,230 2,901 39,131 10,569 10,569 |
2021 £ 41,418 |
|---|---|---|
| 41,418 | ||
| 33,707 3,110 |
||
| 36,817 | ||
| 4,601 | ||
| 4,601 |
Page 7
Bearded Fishermen
Balance Sheet
at 31 December 2022
| Company No. CE021100 Notes 2022 £ Fixed assets Tangible assets 10 6,239 6,239 Current assets Debtors 11 224 Cash at bank and in hand 23,150 23,374 Creditors:Amount falling due within one year 12 (2,320) Net current assets 21,054 Total assets less current liabilities 27,293 Net assets excluding pension asset or liability 27,293 Total net assets 27,293 The funds of the charity Restricted funds 13 Unrestricted funds 13 General funds 27,293 27,293 Reserves 13 Total funds 27,293 |
2021 £ 8,522 |
|---|---|
| 8,522 224 9,731 |
|
| 9,955 (1,753) |
|
| 8,202 16,724 |
|
| 16,724 | |
| 16,724 | |
| 16,724 | |
| 16,724 | |
| 16,724 |
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 2022 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 20 June 2023
And signed on its behalf by:
R. Roberts
Trustee
20 June 2023
Page 8
Bearded Fishermen Statement of Cash flows
for the year ended 31 December 2022
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Decrease in trade and other receivables Net cash provided by operating activities Cash flows from investing activities Payments for property, plant and equipment 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 |
2022 £ 10,569 2,901 - 13,470 (618) (618) - 12,852 9,731 22,583 23,150 23,150 |
2021 £ 4,601 3,110 381 |
|---|---|---|
| 7,102 (6,496) |
||
| (5,506) | ||
| - | ||
| 1,596 | ||
| 8,134 | ||
| 9,730 | ||
| 9,731 | ||
| 9,731 |
Page 9
Bearded Fishermen
Notes to the Accounts
for the year ended 31 December 2022
- 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 10
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:
| 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 Other 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 brought forward Total funds carried forward |
Unrestricted funds 2021 £ 40,428 990 41,418 2,706 34,111 36,817 4,601 4,601 4,601 12,123 16,724 |
Total funds 2021 £ 40,428 990 |
|---|---|---|
| 41,418 2,706 34,111 |
||
| 36,817 | ||
| 4,601 | ||
| 4,601 | ||
| 4,601 12,123 |
||
| 16,724 |
Page 13
Bearded Fishermen
Notes to the Accounts
4 Income from donations and legacies
| General donations Grants 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 Radio station Governance costs |
Unrestricted £ 45,790 3,910 49,700 |
Total 2022 £ 45,790 3,910 49,700 |
Total 2021 £ 33,994 6,434 |
|---|---|---|---|
| 40,428 | |||
| Unrestricted £ 2,839 445 3,284 |
Total 2022 £ 32,539 1,125 33,664 Total 2022 £ - - |
Total 2021 £ 32,953 6,434 |
|
| 39,387 | |||
| Total 2021 £ 990 |
|||
| 990 | |||
| Total 2022 £ 2,839 445 3,284 |
Total 2021 £ 2,027 679 |
||
| 2,706 |
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 2022 Additions At 31 December 2022 Depreciation and impairment At 1 January 2022 Depreciation charge for the year At 31 December 2022 Net book values At 31 December 2022 At 31 December 2021 11 Debtors Prepayments and accrued income |
of £60,000. Equipment £ 371 - 371 110 65 175 196 261 |
Unrestricted £ 798 9,564 15,780 2,901 4,953 1,851 35,847 2022 £ 2,901 Motor vehicles £ 5,799 - 5,799 1,548 1,096 2,644 3,155 4,251 2022 £ 224 224 |
Total 2022 £ 798 9,564 15,780 2,901 4,953 1,851 35,847 Fixtures and fittings £ 6,000 618 6,618 1,990 1,740 3,730 2,888 4,010 |
Total 2021 £ 2,225 6,578 13,832 3,110 8,031 335 |
|---|---|---|---|---|
| 34,111 | ||||
| 2021 £ 3,110 Total £ 12,170 618 |
||||
| 12,788 | ||||
| 3,648 2,901 |
||||
| 6,549 | ||||
| 6,239 | ||||
| 8,522 | ||||
| 2021 £ 224 |
||||
| 224 |
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 2022 16,724 16,724 |
2022 £ 2,320 2,320 Incoming resources (including other gains/losses ) £ 49,700 49,700 At 1 January 2022 £ |
Resources expended £ (39,131) (39,131) Unrestricted funds £ 6,239 21,054 27,293 Cash flows £ |
2021 £ 1,753 |
|---|---|---|---|---|
| 1,753 | ||||
| At 31 December 2022 £ 27,293 |
||||
| 27,293 | ||||
| Total £ 6,239 21,054 |
||||
| 27,293 | ||||
| At 31 December 2022 £ |
||||
| 9,731 | 13,419 | 23,150 | ||
| 9,731 9,731 |
13,419 13,419 |
23,150 | ||
| 23,150 | ||||
| 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 2022
| Income and endowments from: Donations and legacies General donations Grants Other Total income and endowments Expenditure on: Charitable activities Night watch Radio station Total of expenditure on charitable activities Employee costs Staff training Motor and travel costs Vehicles - General costs Vehicles - Fuel 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 Software, IT support and related costs Stationery and printing |
Unrestricted funds 2022 £ 45,790 3,910 49,700 - - 49,700 2,839 445 3,284 3,284 798 798 6,060 708 2,796 9,564 12,122 3,658 15,780 65 1,096 1,740 150 519 360 |
Total funds 2022 £ 45,790 3,910 49,700 - - 49,700 2,839 445 3,284 3,284 798 798 6,060 708 2,796 9,564 12,122 3,658 15,780 65 1,096 1,740 150 519 360 |
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 1,606 451 842 1,721 |
Page 17
Bearded Fishermen
Detailed Statement of Financial Activities
| 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 |
1,108 30 2,786 7,854 1,811 40 1,851 35,847 39,131 - 10,569 10,569 - 10,569 16,724 27,293 |
1,108 30 2,786 7,854 1,811 40 1,851 35,847 39,131 - 10,569 10,569 - 10,569 16,724 27,293 |
280 2,136 2,601 |
|---|---|---|---|
| 11,141 | |||
| 115 220 |
|||
| 335 | |||
| 34,111 | |||
| 36,817 - |
|||
| 4,601 | |||
| 4,601 - |
|||
| 4,601 | |||
| 12,123 | |||
| 16,724 |
Page 18