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 2025
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 | Lesley Carol | |
| Trustees : | Lynn Collins | |
| Linda McCann | ||
| Captain Jimmy Culham | ||
| Rory Cunningham Page | ||
| Captain Billy Boyle | ||
| Karen McDermott | ||
| Michael Collins | ||
| Frank Gillender | ||
| 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 Community Hub & library | ||
| 16 The Forum | ||
| Wallsend | ||
| NE28 8JR |
Trustees’ Annual Report
For the year ended 31 December 2025
The trustees present their report and accounts for the year ended 31 December 2025 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.
Reserves Policy
In light of the trustees determination to secure office/community hub premises on the North Shields quayside in 2025 to better facilitate the work of the charity in the heart of the local fishing community, the trustees have agreed to ringfence (in this and coming financial years) an amount equivalent to approximately 6 to 9 months of the planned annual running costs of the charity from the charity's current reserves and future income, to help with continuity of the charity's work should there be any short-term disruption in income (for example, by another outbreak of covid)
Financial Review
The organisation regularly reviews its financial position and systems.
Achievements and Performance of Trust
During 2024 / 2025 NSFHP held a Parade of Boats and Blessing of the Fleet. We engaged with over 500 school children and over 1000 members of the general public.
We continue to pursue the rental of The Dockmasters House in 2026 and all trustees are happy with our progress.
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 2025 Charity no 1197252 the year ended Respective The trustees of the organisation are responsible for the preparation responsibilities of 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),
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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 t 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:
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proper accounting records are kept (in accordance with section 41
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of the Act); and • accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Date: 14th April, 2026 Name: Mark Thompson MAAT Address: VODA Spirit of North Tyneside Wing 2nd Floor, Wallsend Community Hub & Library 16 The Forum Wallsend NE28 8JR
North Shields Fishermen's Heritage Project
Statement of Financial Activities for the year ended 31 December 2025
| Receipts Grants & Donations 4 Fundraising Other Income Total Receipts Payments Office Production Bus Trip Accountancy Advertising Book Entry Others Total Payments Surplus / deficit for the year Funds at 1 January 2025 Funds at 31 December 2025 |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2025 2025 2025 2024 £ £ 5162 5000 10162 4323 1185 1185 1519 0 0 6347 5000 11347 5842 864 864 1491 800 800 1226 595 595 2926 220 220 220 325 325 214 120 120 1113 1113 911 4037 0 4037 6988 2310 5000 7310 -1146 12573 0 12573 13719 14883 5000 19883 12573 |
|---|---|
North Shields Fishermens Heritage Project
Balance Sheet at 31 December 2025
| Balance Sheet at 31 December 2025 | ||
|---|---|---|
| Current Assets: Cash at Bank Cash in Hand Debtors 5 Total Current Assets Net Assets at 31 December 2025 Represented By: Restricted Funds 6 Designated Funds 7 Unrestricted Funds |
2025 £ 18818 65 1000 19883 19883 5000 4500 10383 19883 |
2024 £ 12510 63 |
| 12573 | ||
| 12573 | ||
| 0 4800 7773 |
||
| 12573 |
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, 2025
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).
2. Trustees and Staff
No staff are directly employed by the charity. No Trustees were remunerated, expenses of £587 were paid.
3. Costs of financial services
The cost of Independent Examination for the financial period will be £350
4. Grants & Donations Unrestricted Grants & Donations:
| Grants & Donations Unrestricted Grants & Donations: |
|
|---|---|
| R W Mann Trust | 3000 |
| Other donations | 2162 |
| 5162 | |
| Restricted Grants: | |
| Sir James Knott Trust | 5000 |
| Total Grants | 10162 |
5. Debtors
Refund due back in £1,000 (received in 2026)
6. Analysis of Funds
| Restricted Funds | Jan'25 | Income | Expend | Dec'25 | |
|---|---|---|---|---|---|
| Sir James Knott Trust | 0 | 5000 | 5000 | ||
| Total Grants | 0 | 5000 | 0 | 5000 | |
| 7. | Designated Funds: | ||||
| Educational Trips | 4500 | ||||
| Total Designated Funds | 4500 |