Bearded Fishermen
Charity No. 1188510
Company No. CE021100
Trustees' Report and Unaudited Accounts
31 December 2023
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 2023.
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 2023 the charity has currently expanded the centre so they could increase the support .
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 which offers 10 phone lines 5 councillors and an outreach team in Lincolnshire, Nottinghamshire and North Lincolnshire. Two private counselling/support rooms. The call centre has spaces for 18 people who can take calls
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 call centre the front of the new building is a publicly accessible support centre and drop in, it's also a warm space, and with the facility for running support groups and events for the community
FINANCIAL REVIEW
Incoming resources for the year were £68,310. Net outgoing resources for the year were £61,510 leaving fund balances at the balance sheet date of £6800 of which £0 is restricted and £6800 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 2023 is £34,093.
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.
A larger charity's report should explain the trustees perspective of the future direction of the charity...
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.
Page 3
Bearded Fishermen Trustees Annual Report
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
Trustee
31 December 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 2023.
Responsibilities and basis of report
As the charity's trustees of the company (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:
-
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 methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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 31 December 2023
Page 5
Bearded Fishermen Statement of Financial Activities
for the year ended 31 December 2023
| Notes Income and endowments from: Donations and legacies 4 Total Expenditure on: Charitable activities 5 Other 6 Total Net gains on investments Net income 7 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 2023 £ 68,310 |
Total funds 2023 £ 68,310 |
Total funds 2022 £ 49,700 |
|---|---|---|---|
| 68,310 1,314 60,196 |
68,310 1,314 60,196 |
49,700 3,284 35,847 |
|
| 61,510 - |
61,510 - |
39,131 - |
|
| 6,800 - |
6,800 - |
10,569 - |
|
| 6,800 | 6,800 | 10,569 | |
| 6,800 27,293 |
6,800 27,293 |
10,569 16,724 |
|
| 34,093 | 34,093 | 27,293 |
Page 6
Bearded Fishermen Summary Income and Expenditure Account
for the year ended 31 December 2023
| 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 |
2023 £ 68,310 68,310 58,544 2,966 61,510 6,800 6,800 |
2022 £ 49,700 |
|---|---|---|
| 49,700 | ||
| 36,230 2,901 |
||
| 39,131 | ||
| 10,569 | ||
| 10,569 |
Page 7
Bearded Fishermen Balance Sheet
at 31 December 2023
| Company No. CE021100 Notes 2023 £ Fixed assets Tangible assets 9 7,637 7,637 Current assets Debtors 10 224 Cash at bank and in hand 27,367 27,591 Creditors:Amount falling due within one year 11 (1,135) Net current assets 26,456 Total assets less current liabilities 34,093 Net assets excluding pension asset or liability 34,093 Total net assets 34,093 The funds of the charity Restricted funds 12 Unrestricted funds 12 General funds 34,093 34,093 Reserves 12 Total funds 34,093 |
2022 £ 6,239 |
|---|---|
| 6,239 224 23,150 |
|
| 23,374 (2,320) |
|
| 21,054 27,293 |
|
| 27,293 | |
| 27,293 | |
| 27,293 | |
| 27,293 | |
| 27,293 |
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 2023 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 2023
And signed on its behalf by:
R. Roberts Trustee
31 December 2023
Page 8
Bearded Fishermen Statement of Cash flows
for the year ended 31 December 2023
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment 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 |
2023 £ 6,800 2,966 9,766 (4,364) (4,364) - 5,402 23,150 28,552 27,367 27,367 |
2022 £ 10,569 2,901 |
|---|---|---|
| 13,470 (618) |
||
| (618) | ||
| - | ||
| 12,852 | ||
| 9,731 | ||
| 22,583 | ||
| 23,150 | ||
| 23,150 |
Page 9
Bearded Fishermen Notes to the Accounts
for the year ended 31 December 2023
- 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:
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 brought forward Total funds carried forward |
Unrestricted funds 2022 £ 49,700 49,700 3,284 35,847 39,131 10,569 10,569 10,569 16,724 27,293 |
Total funds 2022 £ 49,700 |
|---|---|---|
| 49,700 3,284 35,847 |
||
| 39,131 | ||
| 10,569 | ||
| 10,569 | ||
| 10,569 16,724 |
||
| 27,293 |
Page 13
Bearded Fishermen Notes to the Accounts
4 Income from donations and legacies
| General donations Grants |
Unrestricted £ 62,772 5,538 68,310 |
Total 2023 £ 62,772 5,538 68,310 |
Total 2022 £ 45,790 3,910 |
|---|---|---|---|
| 49,700 | |||
| Donated goods, facilities and services received | |||
| Donations received general public Grants 5 Expenditure on charitable activities Expenditure on charitable activities Night watch Radio station Governance costs 6 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 7 Net income before transfers This is stated after charging: Depreciation of owned fixed assets |
Unrestricted £ 690 624 1,314 Unrestricted £ 1,313 3,817 39,843 2,966 8,296 3,961 60,196 2023 £ 2,966 |
Total 2023 £ - - - Total 2023 £ 690 624 1,314 Total 2023 £ 1,313 3,817 39,843 2,966 8,296 3,961 60,196 |
Total 2022 £ 32,539 1,125 |
| 33,664 | |||
| Total 2022 £ 2,839 445 |
|||
| 3,284 | |||
| Total 2022 £ 798 9,564 15,780 2,901 4,953 1,851 |
|||
| 35,847 | |||
| 2022 £ 2,901 |
Page 14
Bearded Fishermen Notes to the Accounts
8 Staff costs
No employee received emoluments in excess of £60,000.
9 Tangible fixed assets
| Cost or revaluation At 1 January 2023 Additions At 31 December 2023 Depreciation and impairment At 1 January 2023 Depreciation charge for the year At 31 December 2023 Net book values At 31 December 2023 At 31 December 2022 10 Debtors Prepayments and accrued income 11 Creditors: amounts falling due within one year Accruals 12 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds |
Equipment £ 371 - 371 175 49 224 147 196 At 1 January 2023 27,293 27,293 |
Motor vehicles £ 5,799 - 5,799 2,644 1,176 3,820 1,979 3,155 2023 £ 224 224 2023 £ 1,135 1,135 Incoming resources (including other gains/losses ) £ 68,310 68,310 |
Fixtures and fittings £ 6,618 4,364 10,982 3,730 1,741 5,471 5,511 2,888 Resources expended £ (61,510) (61,510) |
Total £ 12,788 4,364 |
|---|---|---|---|---|
| 17,152 | ||||
| 6,549 2,966 |
||||
| 9,515 | ||||
| 7,637 | ||||
| 6,239 | ||||
| 2022 £ 224 |
||||
| 224 | ||||
| 2022 £ 2,320 |
||||
| 2,320 | ||||
| At 31 December 2023 £ 34,093 |
||||
| 34,093 |
Page 15
Bearded Fishermen Notes to the Accounts
13 Analysis of net assets between funds
| 13 Analysis of net assets between funds | |||
|---|---|---|---|
| Fixed assets Net current assets 14 Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 January 2023 £ |
Unrestricted funds £ 7,637 26,456 34,093 Cash flows £ |
Total £ 7,637 26,456 |
| 34,093 | |||
| At 31 December 2023 £ |
|||
| 23,150 | 4,217 | 27,367 | |
| 23,150 23,150 |
4,217 4,217 |
27,367 | |
| 27,367 |
15 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 2023
| Income and endowments from: Donations and legacies General donations Grants Total income and endowments Expenditure on: Charitable activities Night watch Radio station Total of expenditure on charitable activities Employee costs Staff training Staff welfare Motor and travel costs Vehicles - General costs Vehicles - Fuel Vehicles - Insurance and licences Travel and subsistence Premises costs Rent Rates Premises cleaning Premises repairs and maintenance Other premises costs General administrative costs, including depreciation and amortisation Depreciation of Equipment Depreciation of Motor vehicles Depreciation of Fixtures and fittings Bank charges Information and publications |
Unrestricted funds 2023 £ 62,772 5,538 68,310 68,310 690 624 1,314 1,314 1,098 215 1,313 2,176 784 290 567 3,817 21,493 1,556 172 7,515 9,107 39,843 49 1,176 1,741 188 312 |
Total funds 2023 £ 62,772 5,538 68,310 68,310 690 624 1,314 1,314 1,098 215 1,313 2,176 784 290 567 3,817 21,493 1,556 172 7,515 9,107 39,843 49 1,176 1,741 188 312 |
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 - |
Page 17
Bearded Fishermen Detailed Statement of Financial Activities
| Postage and couriers 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 |
10 646 1,081 1,350 122 4,587 11,262 3,676 285 3,961 60,196 61,510 - 6,800 6,800 - 6,800 27,293 34,093 |
10 646 1,081 1,350 122 4,587 11,262 3,676 285 3,961 60,196 61,510 - 6,800 6,800 - 6,800 27,293 34,093 |
- 519 360 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 |
Page 18