## **North Shields Fishermen's Heritage Project**
A Charity Registered in England & Wales Registration no: 1197252
Trustees Report and Financial Statements For The Year Ended 31 December 2023
## **Legal and Administrative Information**
Name: **North Shields Fishermen's Heritage Project**
Reg'd Charity No: 1197252 Structure Registered Charity
Management Committee members:
||Chair|Terry McDermott|
|---|---|---|
||Administrator|Charlie Steel|
||Secretary|Joyce Marti|
||Treasurer|Nik Hanlon|
||Trustees :|Lynn Collins|
|||Linda McCann|
|||David Butterfield|
|||Rory Cunningham Page|
|||Billy Boyle|
|||Robert Webster|
|Address:|Market Office||
||Fish Quay||
||North Shields||
||Tyne & Wear||
||NE30 1JA||
|Independent|||
|Examiner:|Mark Thompson MAAT||
||VODA||
||Spirit of North|Tyneside Wing|
||2nd Floor, Wallsend Customer First Centre||
||16 The Forum||
||Wallsend||
||NE28 8JR||
## **Trustees’ Annual Report**
## **For the year ended 31 December 2023**
## **The trustees present their report and accounts for the year ended 31 December 2023 Structure**
North Shields Fishermen's Heritage Project is a Registered Charity no. 1197252, governed by the Board of Trustees.
## **Governance and Management**
The Board of Trustees ensures that the organisation is legally compliant in all areas including finance, health and safety.
## **Financial Review**
The organisation regularly reviews its financial position and systems.
## **Achievements and Performance of Trust**
In 2023 The North Shields Fishermen's Heritage Project successfully raised funds for, commissioned and unveiled The Herring Girl Statue - commemorating the important role women played in fishing at North Shields
2023-24 has been another successful year for N.S.F.H.P. We have completed two fully funded school trips to Grimsby Fishing Heritage Centre, with another two to follow in 2025.
In 2024 we will continue to investigate Property Rental and work with other groups. In 2025 will see The N.S.F.H.P Regatta with an est 500 school children taking part.
Signed:……………………………………………………, on behalf of Trustees
Print name:
Date:………………………………….
## **INDEPENDENT EXAMINER'S REPORT**
## **Report to the North Shields Fishermen's Heritage Project trustee of**
**On accounts for 31 December 2023 Charity no 1197252 the year ended Respective** The trustees of the organisation are responsible for the preparation of **responsibilities of** accounts; they consider that an audit is not required for this year **trustees and** under section 144(2) of the Charities Act 2011 and that an **examiner** Independent Examination is needed.
It is my responsibility to
- examine the accounts (under section 145 of the 2011 Act),
- follow the procedures laid down in the General Directions given by
- state whether particular matters have come to my attention.
**Basis of** My examination was carried out in accordance with General **independent** Directions given by the Charity Commissioners. An examination **examiner’s** includes a review of the accounting records kept by the charity and a **statement** comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not dit i i th t **Independent** In the course of my examination, no matter has come to my attention: **examiner's statement** 1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
- proper accounting records are kept (in accordance with section 41
- of the Act); and
- accounts are prepared which agree with the accounting records
- and comply with the accounting requirements of the Act; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Signed: Date: 9, July 2024**
**Name:** Mark Thompson MAAT **Address:** VODA Spirit of North Tyneside Wing 2nd Floor, Wallsend Customer First Centre 16 The Forum Wallsend NE28 8JR
## **North Shields Fishermen's Heritage Project**
## **Statement of Financial Activities for the year ended 31 December 2023**
|**Receipts**
Grants & Donations
Fundraising
Other Income
**Total Receipts**
**Payments**
Office
Production
Bus Trip
Accountancy
Others
**Total Payments**
Surplus / deficit for the year
Funds at 1 January 2023
**Funds at 31 December 2023**|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2023**
**2023**
**2023**
**£**
1159
1500
2659
605
605
0
0
1764
1500
**3264**
402
392
794
8512
8512
1590
1590
220
220
1006
1006
622
11500
**12122**
1142
-10000
-8858
12577
10000
22577
13719
0
**13719**|**Total**
**Funds**
**2022**
**£**
33836
0
313|
|---|---|---|
|||**34149**|
|||446
12365
938
200
0|
|||**13949**|
|||20200
2377|
|||**22577**|
## **North Shields Fishermens Heritage Project**
## **Balance Sheet at 31 December 2023**
|**Balance Sheet at 31 December 2023**|||
|---|---|---|
|**Monetary Assets:**
Cash at Bank
Cash in Hand
**Total Cash Balances**
**Net Assets at 31 December 2023**
**Represented By:**
Restricted Funds
Unrestricted Funds|**2023**
**£**
13656
63
**13719**
**13719**
0
13719
**13719**|**2022**
22514
63|
|||**22577**|
||||
|||**22577**|
|||10000
12577|
|||**22577**|
The financial statements were approved by the following members of the Management Committee :
Signed …………….……………………… Position ………………………………….. Signed …………….……………………… Position ………………………………….. Date ……………………………………….
## **North Shields Fishermen's Heritage Project**
## **Notes to the accounts, 2023**
## **1. Basis of accounts**
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
North Shields Fishermen's Heritage Project meet the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **1.2 Change to Opening Balance**
Note that there was a change to the Opening Balance.
The Overall Balance remains the same, however the Restricted Fund Community Foundation £1,700 had been spent the previous year, the overall effect being: Restricted Funds Balance December 2022 = £10,000 (Reduced by £1,700) Unrestricted Funds Balance December 2022 = £12,577 (Increase of £1,700).
## **2. Trustees and Staff**
No Trustees were remunerated or received expenses payments.
## **3. Costs of financial services**
The cost of Independent Examination for the financial period will be £220
## **4. Grants & Donations Unrestricted Grants & Donations:**
|Other donations|1159|||||
|---|---|---|---|---|---|
||**1159**|||||
|**Restricted Grants:**||||||
|Sir James Knott Trust|1500|||||
||**1500**|||||
|**Total Grants**|**2659**|||||
||**Jan'23**|**Income**|**Expend**|**Dec'23**||
|Sir James Knott Trust|10000|1500|11500||0|
|**Total Grants**|**10000**|**1500**|**11500**||**0**|