Charity registration number 1189504 IEngland and Wales)
SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr J Burton
Ms M Kochen
Ms E Lukanga
Charlty numb&r
1189504
Prlnclpal address
2 Chawley Park
Cumnor Hill
Oxford
OX2 9GG
Independent examlner
DSA Prospect Limited
First Floor
1 Des Roches Square
Witsn Way
Witney
OX28 4BE
Solicitors
Winckworth Sherwood LLP
2 Chawley Park
Cumnor Hill
Oxford
OX2 9GG

SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
CONTENTS
Page
Trustees, report
Statement of Iruslees. responsibilities
Independent examiner's report
Statement of financial activities
Balance sheet
Notes lo the financial statements
7-12

SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial slalements have been prepared in accordance with the accounting policies sel out in note 1 to the
financial statements and comply with the trust's goveming document, the CharitiesAcl 2011 and"Accounling and
Reporting by Charities. Slalement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
(effective 1 January 20191"
Objectives and activities
The trust's objects are to protect fishing livelihoods and communities in marginalised ¢oaslal Slates.
The policies adopted in furtherance of these objects are to educate and enable small-scale fisheries in the
disadvantsged coastal Stsles lo enjoy secure and sustainable livelihoods while protecting the environment for
future generab'ons, and there has been no change in these during the year.
The trustees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the
trust should undertake.
Achlevements and p&rfom)an¢e
Financial review
11 is the policy of the trust that unrestricted funds which have not been designated for a specific use should be
maintained al a level equivalent to between three and six month's expenditure. The trustees considers that
reserves at this level will ensure that. in the event of a significant drop in funding. they will be able lo continue the
trust's current activities while consideration is given to ways in which additional ftjnds may be raised. This level of
reserves has been maintained throughout the year.
The trustees have assessed the major risks lo which the trust is exposed, and are satisfied that systems are in
place to mitigate exposure to the major risks.
strU￿￿r&. gov9rnan¢e and managgm9nl
The trust is a charitable incorporated organisalion ICIOI incorporated on 15 May 2020. It is governed by the
constitution of a Charitable Incorporated Organisalion whose only voting members are ils charity trustees li.e.
Foundation Model Conslilulionl.
The trustees, who served during the year and up lo the dale of signature of the financial statements were..
Mr J Burton
Ms L Nicholls
Ms M Kochen
Ms E Lukanga
(Resigned 31 March 20251
Trustees, are recruited based on the skills, knowledge and experience that the Board requires lo ensure that the
Charity is well governed. If the CIO is wound up, the members of the CIO have no liability to contribute lo ils
assets and no personal responsibility for settling its debts and liabilities.
The CIO'S current policy concerning the payment of trade creditors is lo follow the CBI'S Prompt Payers Ccxje
(copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1 DUI.
The CIO'S current policy concerning the payment of trade creditors is lo..
sellle the terms of payment with suppliers when agreeing the terms of each Iransaclion.,
ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts.,
and
pay in accordance with the charity's contractual and other legal obligations.
Trade Creditors of the CIO are aimed lo be paid during the suppliers payment terms.

SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Organisational structure
Sustainable Fisheries and Communities Trust has been sel up as a chaiilable incorporated organisalion. 11 is
managed by the Iruslees of the charity.
The tru$lee$' report was approved by the Board of Trustees.
Jo¥Wtoi.ilAug..12.2025 17."49."08 GMT+II
MrJ Burton
Trustee
Dated..
12-Aug-2025

SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The Iruslees are responsible for preparing the Trustees, Report and the financial statements in accordan￿ with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Pradicel.
The law applicable lo charities in England and Wales requires the Iruslees to prepare financial slalements for each
financi81 year which give a true and fair view of the slate of affairs of the trust and of the incoming resources and
application of resources of the trust for that year.
In preparing these financial stalemenls, the trustees are reqUI￿d lo".
select suitable accounting policies and then apply them ¢onsistenlly',
observe the methods and principles in the Charities SORP",
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the financial statements,. and
prepare the financial slalements on the going concern basis unless il is inappropriate lo presume that the charity
will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any
time the finanaal position of the trust and enable them lo ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reportsl Regulations 2008 and the provisions of the trust deed. They
are also responsible for safeguarding the assets of the trust and hence for t8king reasonable steps for the
prevention and detection of fraud and other irregularities.

SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
report lo the trustees on my examination of the financial statements of Sustainable Fisheries and
Communities Trust (the Irusll for the year ended 31 March 2025.
Responsibilities and basis of report
As the Iruslees of the trust you are responsible for the preparation of the financial stslemenls in accordance
with the requirements of the Charities Act 2011.
I report in respect of my examination of the Irusl's financial statements carried out under section 145 of the
Charities Act 2011. In Carrying out my examination I have followed the Directions given by the Charity
Commission under se¢tion 14515llbl of the Charities Act 2011.
Independent examlnerfs statement
Since the trust's gross income ex￿eded £250,000, the independent examiner must be a member of a body
listed in section 145 of the Charities Act 2011. 1 confimi that l am qualified lo undertake the examination
because l am a member ofACCA, which Is one of the listed bodies.
Your attention is drawn lo the fact that the charity has prepared the finanaal statements in accordance with the
relevant version of the Slalement of Recommended Practice applicable to charities preparing their financial
statements in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 in preference lo the Accounting and Reporting by Charities." Slalemenl of Recommended Practice
issued on 1 April 2005 which is refer￿d lo in the exlanl regulations bul has now been withdrawn. l understsnd
that this has been done in order for the financial stslemenls lo provide a true and fair view in accordance with
UK GenerallyAccepted Accounting Practi￿.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause lo believe that in any material respe¢t'.
accounting records were not kept in respect of the trust as required by section 130 of the Charities Act
2011.
the financial slalements do not accord with those records,. or
the financial statements do not comply with the applicable requirements concerning the form and content
of financial statements sel out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the financial slalements give a true and fair view, which Is not a matter considered as
part of an independent examination.
I have no COn￿rnS and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo
be reached.
DSA Prospect Limited
Mr Gary John McHale FCCA
First Floor
1 Des Roches Square
Witan Way
Wilney
OX28 4BE
Dated..

SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestrlcted Unrestrlcted
funds
funds
2025
2024
Notes
Income from:
Donations and legacies
951,897
926,881
Total Income
951,897
926,881
Expenditure on-
Charitable adivities
930,487
909,112
Totsl expendlture
930,487
909,112
Net income and movement in funds
21,410
17,769
Reconciliation of funds-
Fund balances al 1 April 2024
21,982
4,213
Fund balances at 31 March 2025
43,392
21,982
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
BALANCE SHEET
ASAT31 MARCH 2025
2025
2024
Notes
Current assets
Cash at bank and in hand
66,716
23,532
CredFtors: amounts falllng due wlthln
one year
11
123,3241
11,5501
Not current assets
43,392
21,982
The funds of the trust
Unrestricted funds
12
43,392
21,982
43,392
21,982
The financial stsleTnents were approved by the trustees on ..1.2Au?2025
J•&lWu.r.ton IAug 12: 2025 17=49..08 GMT+II
Mr J Burton
Trustee

SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity inforniation
Sustainable Fisheries and Communities Trust has been sel up as a charitable incorporated organisation. It is
managed by the board of directors which forms the body of trust trustees,.
1.1 Accounting convention
The financial statements have been prepared in accordance with the trust's governing document, the
Charities Act 2011 and 'Accounling and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordan￿ wth the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191 The trust is a Public
Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1
not lo prepare a Slalement of Cash Flows.
The financial slalements have departed from the Charities (Accounts and Reports) Regulations 2008 only lo
the exlenl required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for Charities applying FRS 102 rather than the version of the Statement of
Recommended Practi￿ which is referred lo in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial slalements have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Golng concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust
has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees
contsnue to adopt the going concern basis of accounting In preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use al the discretion of the Iruslees in ftjrtherance of their charitable
objectives.
Reslricled funds are subject to specific conditions by donors or grantors as to how they may bè used. The
purposes and uses of the restricted funds are sèt out in the notes lo the financial slalements.
Endowment ftjnds are subject lo speryfic conditions by donors that the capital musl be maintsined by the trust.
1.4 Income
Income is recognised when the trust is legally entV(led lo il after any performance conditions have been mel,
the amounts can be measured reliably. and il is probable that income will be received.
Cash donations are recognised on re￿ipl. Other donations are recognised once the trust has been notified of
the donation, unless performan￿ conditions require deferral of the amount. Income lax recoverable in relation
lo donations received under Gift Aid or deeds of covenant is recognised al the time of the donation.
Legacies are recognised on receipt or otherwise rf the trust has been notified of an impending distribution, the
amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a ￿ntingent
asset.

SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
Icontlnuedl
1.5 Expendltu
Expenditure is accounted for on an accruals basis as a liability incurred.
Charitable activities comprise of those costs incurred by the charty where the primary aim is the delivery of
activities and services within the objects of the charity. 11 includes both costs that can be allocated directly lo
such activities and those costs of an indirect nature lo necessary lo support them.
Govemance costs include those costs associated with meeting the conslitulional and slatulory requirements
of the charity and indude the independent examination fess and costs linked lo the strategic management of
the charity.
I costs are allocated bebNeen expenditure categories of the SOFA on a basis designed to reflect the use of
the resour￿.
1.6 Cash and cash equivalents
Cash and cash equivalents indude cash in hand, depgsits held at call wth banks. other short-term liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
thin borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried al amortised cost using the effective
interest method unless the arrangement conslilules a financing transaction, where the transaction is
measured at the present value of the future receipts discounted al a market rale of interest. Financial assets
classified as receivable within one year are not amortised.
8aslc flnanclal liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured al the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
wthin one year are not amortised.
Debt instruments are subsequently carried al amortised cost, using the effective interest rale method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as CLJrrent liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially al
transaction price and subsequenuy measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Irusl's contractual obligations expire or are discharged or
cancelled.
1.7 Employee benefits
The cost of any unused holiday enlillement is re¢ognised in the period in which the employee's servi¢es are
received.
Temiination benefits are recognised immediately as an expense when the trust is demonstrably committed ID
terminate the employment of an employee Dr to provide lerminalion benefits.

SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Critical accounting estimates and judgements
In the application of the Irusl's accounting policies, the trustees are required lo make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The eslimales and associated assumptions are based on historical experience and other factors that
are considered lo be relevant. Actual resu115 Tnay differ from these eslimales.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and ftjture periods where the revision affects both current and future
periods.
In¢omg from donatlons and 19gac19$
Unrestrlcted Unrestrlcted
funds
funds
2025
2024
Donations and grfts
951,897
926,881
Expenditure on charitable activities
Total
2025
Total
2024
Direct costs
Webs(te costs
Sundry
Conferences
Subcontractor Costs
Travel
subscripb.ons
3,435
12,5831
51,855
128,984
154,148
875
3,049
850
2,543
81,474
336,714
87,916
Grant funding of adivib'es (see note 61
3e3,102
285,055
Share of support and govgrnance ¢o$ts l$ee not& 71
Governance
230,671
536,141
930,487
909,112
Analysls by fund
Unrestricted funds
930,487
909,112

SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Description of charitable activities
Prole¢l fishing livelihoods and communities in marginalised coastal Slates. Our charitable purpose is to
educate and enable small-scale fisheries in the disadvantaged coastal Slates to enjoy secure and sustainable
livelihoods while proteding the environment for future generations.
Grants payable
Charltable Charltable
actlvltles
actlvltles
202S
2024
Other
129,465
80,229
Grants lo individuals
233,637
204,826
363,102
285,055
Support costs
Govemance
costs
2025
2024
Consultancy fees
Accountsncy
229,121
1.550
229,121
1.550
534,701
1,440
230.671
230,671
536,141
Analysed beh￿een
Charitable activities
230,671
230,671
536,141
Tru$lee$
During the financial year, one of the trustees received one payment lolalling £2,40012024'. £5,370.42). These
payments were made as sponsorship contributions toward the trustee's PhD.
Employees
The average monthly number of employees during the year was..
2025
Number
2024
Number
10-

SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Employees
Icontlnuedl
There were no employees whose annual remuneration was more than £60,000.
10 Taxation
The charity is exempt from laxalion on its activities because all Its income is applied for charitable purposes.
11 Creditors- amounts falling due within one year
2025
2024
Other creditors
Accruals and deferred income
21,324
2,000
1,550
23,324
1,550
12 Unrestricted funds
The unrestricted funds of the charty comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as lo how they may be used. These indude
designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes.
At 1 April
2024
Incoming
resources
Resources At 31 March
expended
2025
General funds
21,982
951,897
1930,4871
43,392
Prevlous year:
At 1 Aprll
2023
Incomlng
resources
Resources At 31 March
expended
2024
General funds
4,213
926,881
1909,1121
21,982
13 Flnan¢lal ¢ommltmgnts, guarant99$ and ¢ontlng9nl Ilabllltlg$
The trustees does not believe there are any commitments, guarantees or conlingenl liabilities that need lo be
reported.
14 Events after the reportlng date
As al the year end the trust does not have any adjusting or non-adjusling events lo disclose.

SUSTAINABLE FISHERIES AND COMMUNITIES TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
15 Related party transactions
Transactions with related parties
During the year the trust entered into the following transactions wth related parties..
Donations r9¢9lv9d
202S
2024
Other related parties
951,897
911,881
951,897
911,881
The charity received donations from one or more of ils trustees during the year. These donations were made
thoul condV(ions, and no related benefits were provided lo the trustees.
12-