FISHING FOR HEROES {A charitable incorporated organisation) Registered Charsty Number: 1198987 ACCOLINTS FOR THE YEAR ENDED 31 MARCH 2024 Dains Audit Ltd Chartered kcountants St Johns Court Wiltell Road Lichfield Staffordshire WS14 90S FISHING FOR HEROES INDEX TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Annual Report PAGE 1-3 Independent Examiners Report Slalemenl of Financial ActNitie$ Balanee Sheet Notes to the Accounts FISHING FOR HEROES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Referen¢9 and administrative infonnation Patrons: Rear Admiral Mrchael Gregory OBE Lady Elizabeth Kilson DL Sir lan Bolham OBE Trustegs: The Charity Iruslees who served during the year are: R Jamieson N O Davies C Sams J Pearson N Organ S Clarke T Campbell C Lesler resigned 03105J2023 resigne(10210612023 resigned 1110512023 appointed 061c￿l2023 appointed 0810912023 appointed 1111112024 Principal Addrèss: Priddock House Ladybower Fisheries Bamford Derbyshire S33 OAI Charity Number: 1198987 Independent Examiner: M Gurney FCCA. DChA of Dains Audil Ltd St Johns Court Willell Road Lichfield Staffs WS14 9DS Principal Bankers.. HSBC Bank PLC Derby Page 1 FISHING FOR HEROES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Report of tho trustees for the year ended 31 March 2024 The Ifuslees present their report along with the financial stslements of the chaiity for the year ended 31 March 2024. The financial statements have been prepared in acc(￿￿nee wilh the accounting policTes set OLrt in note 1 and comply wlh the constitution dated 20 March 2022. ihe Ctharities Act 2011 and Accounting and Reporting by Charities-. Slalemenl of Recommended Practice applicable to charities preparing their aC￿UnIS in accordan￿ wlh the Financial Reporbng Standafd applicable in the UK and Republic of Ireland IFRS102) effeclNe 1 January 2019. Structure. Govemance and Management Fishing for Herces is a eharitable irujrporaled organisation ICIO}. The goveming docurnent is tlaled 20 Maich 2022 and it was registered V+ilh the Charity Commissicffl on 17 May 2022. Al an EGM held on 8 October 2022 il was resolved to dissofve the unincorporal&J charity. registered number 1135355. and transfer all remaining assets to the CIO. The CIO conslilution provides lor the appointment ofa minimum of three trustees. Trustees are appointed by resolution passed al a trustees. meeting. The Injslees meel regularty throughoul the year lo discuss the charitys affairs. The Board of TnJstees keeps the sknll ￿u•re￿ntS for the Trustee Body under review and in the event that there is a vacancy. the Board seeks r￿InatiOnS from people VAK) have the necessary skills and interest. The induction process for any newly appointed tntstee thmprises an initial meeting wiu) the Board of Trustees al which a pack is provided. This indLrdes a copy of the goveming d(tument. a Copy of the lalesl accounts. a copy of the Charity Commission Guidance The Essenb"al Truslee, and CharilEs and publ￿ Benefit.. Risk Review The trustees have examined the major intemal and extemal risks vthich the Charity faces 8r¥J confirm thal systems have been established to minimise these risks. Objects and Activities The objects of the charity are lo assisl in the trealment aThJ care of both serwng and ex-serving members of the amied forces ol the Crown and commo￿lth suffering from mental health or physical illness of any desuiption. The main acbvity during the period under re￿eW has been Ihe provisk)n of fy-fishiry courses and Regional Gel Togethers across England and Wales. Public Beneftt The Trustees confimi that Ihey have referred lo the guidance conlained in the Charity Commission's general guidance on public benefit and have complied their duties under the Charities Act 2011 Page 2 RSHING FOR HEROES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 (Continued) R•view of Progress and Achievements Fly fishirKJ is ackn￿￿ed5ed to be a rdaxrg takiryJ the parlicipart awayfrom the everyday trouble of their lrfe and theref￿ helping ci4k *Tth the stresses of lrfe and helping to cornbat PTSO and oth8r mental health issue5. Part of wr owThJ suprAyi provt(les ￿￿t￿onal InstrU￿10n lo teach the skills ol river fishirwJ and also to SUPFW)rt individuals looking lo gel qu8l¢fied as fishiThJ instructors. again wth a view to erwrirrfJ coniinuancè otily fishir¥J. D￿rir￿ the year the Charity has continued to wovide lly fi5hirKJ instnKiion and Cry￿ng men¢oriThJ lo veterans and serving personnd. these rarKJe from Ihè F8lklants C￿fl￿1 and eartier Ihrwgh io the present day. The Charity has also provided days of nkniorirwJ a*lil*)nal instr￿t￿n encourag8 and ensure that c(NJrse parbapanls Contin￿ lo ny fish. Thè ChaJity has delivered 6861202>5151 days ol dumg the year. ind￿1r9 61 (2023-631 Regional Get Togeihers. 30 individual 4 day courses12023-181 and a tiip to Scouand. A total of 1631202&971 individuals benefrtted. indudwy 30 new lEref￿￿￿*s. To be successful, 1¢ is essenlial that once an ÈrKfividual has leamt to fly fish that they Continuè io do so,. the get togelhers help in this re9ard as does our F8¢xtook page"FelJowship of the Stream". ich is acce￿b￿ onty to those 8re invofved %4ith Fish&ry for Heroes. The majority of instruciors the ¢harity uses a￿ beneficiaries have ¥l¥eved tsxhing qLralifications through charity in partnèrship wth Ihe Ang&ng Trust. Gr￿ and 5UStainabiJity havè been achieved wth Ihe intro(lucbon 019 Regional CO0rthna￿rs across ErolarKI and Wales. Thèse a￿ benèficiaries of at 12 rn￿th$ *andiNJ have Ihtr televant thlls arnl attrit￿. The Charity operates from Pridthk House. La0￿ Fish*ies. in an dfice is provid*Y at no cost by one of thtr trustees. The trLStees ￿)Uld like to Ihank all the inthwKluals. wjanwbc￿s tharitaUe Irusts helped and suprA)rted the Charity duriTrJ thè year. Res•rvgs Polley Total funds at 31 March 2024 aft￿inied to £33,103. This c(wnwied restrthd £9,739 and unrestricled fi)￿S of £23.364. Free reserves fal withtn Ihe agreed ty the bustees. TNste•s' Responslbllltles In Relatlon to the Financlal Statements Law applicable to charites in EThJlaThl arKI Wa￿S reqUi￿S the Trusiees io kvepare rtnartial ststements for each financial yearwhich 9Ne a true and far viewof Ihè chariws fina￿131 activibes during the year and of its financial at Ihe end of Ihe year. In weparing ttsjsè financial statements. the Trustees a￿ requwed to.. sdecl suilable accounting Fdifie5 aThJ It*n app￿ them consi5tenlly'. obswve the rt*thods arKI princi￿e5 ￿ Ihe Charities SORP. makè judgements and estimates thai are reasonable aThJ KxudenL state whether applicable accountiry standards havè been lollovth. S(&.￿ any departures rlsdosed and e￿lained in the financial statemenis: and epare the finan0￿ slatemènts ry) Ihè WAng ccK**m ba&s unless it is inappropria to presume thai the charity￿7￿ in operation. The Trusiees are re¥x)n&ble for keeping acc(yJntirvJ record5vknich disdose with reasonatAe atturaty al any time the financtsal positson ofthe Charity and enaue Ihern to ensure that th rinanaal statements ￿M￿Y ￿ the Charities Act 2011. T￿ are also ￿￿sIble for safeguarding Ihe assets ofthe Charity and he￿e for rn8$￿ab1e *eps ft*lhe wevenii and detection of ftsud and other irregulaiibes. Apwoved by the Tnjslees on January 2025 ￿ne￿ on their by R Jamieson. P¥J8 3 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FISHING FOR HEROES I report to Ihe charity Iruslees on my examination of the accounts of Ihe charity for the year ended 31 March 2024 which are set out on pages 5-9. Responsibllities and basis of report As the charitls trustees you are responsitje for the preparation of Ihe aceounls in accordance with the requirements of the Charities kt 2011 ('the Act.). I report in respect of my examinalM)n of the chariws accounts Ca￿led tyJl under section 145 of the Act and in carrwng out my examination I have followed all the appjtcable Directions given by the Charity Commission under section 145(5)Ibl of the Act. Indèpendent oxaminerfs statement I have completed my examinatron. I cthfirm that Th) malefial matters have come lo my attention in connection wlh the examination giving me Cause to believe that in any material respect= accounting records were not kept in respect of the charity as required by section 130 of the Act.. or 2. the accounts do not accord wth those records: or 3. the accounts do not comply wilh the accounting requirements coneerning Ihe form and nlenl of accounls set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true aNI fair vievf which is not a matter constdered as part of an independent examination. I have no concerns and have come across no other matters in connection the examination lo which attenlion should be drawn in Ihis reFQrt in ordef lo enatle a proper understanding of the accounts to be reached. M Gurney FCCA. OChA Chartere(l Accountant of Dains Audit Ltd St John's Court Willell Road Lichfield Slaffordshire WS14 9DS Page 4 If• ¢) c> rn ¢JJ ¢TJ ro a> ¢0 (o $D)3 ai c3 FISHING FOR HEROES BALANCE SHEET 31 MARCH 2024 2024 2023 Notes Fixod Assets 4.945 Current Assets Stock Debtors HSBC Bank plc- current account Lloyds bank plc- ￿rrent account 1.439 3.591 14,944 12,734 32.708 1,621 550 18.453 20,624 Currgnt Liabilltles Creditors: Amounts falling due wthin 1 year 4,550 1.885 Nel Current Assets 28,158 18.739 Nel Assets 33.103 18.739 Capital and Reserves Reslricled Fund Unreslricled Income Fund 9.739 23,364 33.103 18.739 18.739 These accounts were approved by the Board ofTruslees on behalf by.. January 2025 and s19r￿ on their R Jamieson S Clarke Page 6 FISHING FOR HEROES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1. Accounting Poli¢ies Basis of Accounting The accounts have been p￿pared in accordance wlh Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their a￿ountS in accordan with the Financial Reporting Slandard applicable in the UK and Republic of Ireland {FRS 102) effective 1 January 2019 and the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and the Charities Act 2011. The accounts have been prepared under the historic81 cost conventK¥n. The charity conslilules a public b8nefrt entity as defined by FRS 102. Income Income is recognised when receivable. Donated goods and services Donated goods and services are included al their estimaled value lo the charty. Expendilu Expenditure is included in the statement of financial activities on an accruals basis. Fixed assets are capilalised and de￿e￿atron is provided at 25% on a redueing balance basis. Stock Stock is valued at the lower of cost and net realisable value. Funds The unreslricled income fund ¢omprises those funds which the tnjslees are free to use in accordan with the charitable objects. Restricted fuThls must be spent in accordance with donor restrictions. 2. Donations in Kind Donations in kind include £8.10012023 - £7.765) in respect of chariiable activil￿S and £nil re insurance12023 - £683). 3. Trustees Rernuneration and Expenses and Related Party Transactions No trustee received remuneration for acting in the capacity of tnjstee. Donations include £15.000 12023- £15.0001 from the aarke Farnily Trust. of which Simon Clarke is a trustee. The insurance premium of £683 was a donation from H811 Davies in 2023. In 2023 charitable actNiles ineluded payments lotalling £2,885 to Ladybower Fisheries. a business owned by G Smith. Ladybower Fisheries charged the charty preferential rates. R J?mieson vtas paid £100 for fishing tuition (2023- £7281. One Iruslee was paid £384 for travel and Subsiste￿ . {2023- £408). Page 7 FISHING FOR HEROES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 4. Fixed Assets Fixtures and Equiprnent 2024 Additions at cost Depreciation charge for year Nel book value at 31 March 2024 6.593 4.945 5. Creditors: Amounts falling due within one year 2024 2023 Creditors PAYE and NIC Pension contributions Accruals 315 155 239 1.278 1.885 6. Restricted funds 2024 2024 Balance 3110312024 Income 15.000 10,000 25,000 Expenditure 6.403 8.858 15,261 SF)Orts England Roger Raymond Trust 8.597 1,142 9.739 7. Analysis of net assets between funds Unrestricted Funds Restricted Funds Total 2024 Fixed Assels Cvrrenl Assets Current Liabilities Fund Balance 4.945 22.969 14.5501 23,364 4,945 32.708 4,550 33,103 9.739 9.739 8. Establishment of Fishing for Heroes Fishing for Heroes is a charitable incorkKJrated Organisa￿n {CIO). which vrds registered wilh the Charity Commission on 17 May 2022. Its goveining document Is 8 conslilution dated 20 March 2022. The unincorporated charity, Fishing for Heroes, registered number 1135355. transferred tts assets to the CIO during 2022. Page 8 FISHING FOR HEROES STATEMENT OF FINANCIAL ACTlVtriES YEAR ENDED 31 MARCH 2024 9 Statement of Financial Activities- the Infomiation in respect of 2023 is as follows: Unrostricted Restricted Total Funds Funds 2023 Notes Income Donations arhl legacies Donations Amed Forces Covenant: Force for Change Roger Raymond Tnjsl Donations in kind Bank interest Fundraising 41.526 41.526 S.￿0 5,fy)0 8.448 59 14,833 59 14.833 Total Income 64.866 5.000 69,866 Expenditur• Raising funds 5.562 5.562 Charitable actlvltles Provision of courses including equipment 5.000 39,994 Other costs Staff s81ary Pension contributions (Defined conlribulionl Independent examiner Payroll charges Telephone and stationery 8ank charges Insurance Sundry expenses Total Expenditure 26.SOO 795 2.832 750 2.015 170 26.500 795 2.832 750 2.015 170 683 1,909 81.210 1.909 76.210 5.000 Net Income for the year (11.344) 111.344) Fund Balances brought forward 30.083 30.083 Fund BalanGes carrted forward 18.739 18.739 Page g