FISHING FOR HEROES (A charitable incorporated organisation) Registered Charity Number: 1198987
ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
Dains Audit Ltd
Chartered Accountants 2 Chamberlain Square Birmingham B3 3AX
FISHING FOR HEROES INDEX TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
| PAGE | |
|---|---|
| Annual Report | 1-3 |
| Independent Examiners Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7-10 |
FISHING FOR HEROES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
Reference and administrative information
Patrons:
Rear Admiral Michael Gregory OBE Lady Elizabeth Kitson DL Sir Ian Botham OBE
Trustees:
The Charity trustees who served during the year are:
| R Jamieson | ||
|---|---|---|
| N Organ | ||
| S Clarke | ||
| T Campbell | ||
| C Lester | appointed | 11/11/2024 |
| Principal Address: | Priddock House | |
| Ladybower Fisheries | ||
| Bamford | ||
| Derbyshire | ||
| S33 0AZ | ||
| Charity Number: | 1198987 | |
| Independent Examiner: | M Gurney FCCA, DChA | |
| of Dains Audit Ltd | ||
| 2 Chamberlain Square | ||
| Birmingham | ||
| B3 3AX | ||
| Principal Bankers: | Lloyds Bank PLC |
Page 1
FISHING FOR HEROES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
Report of the trustees for the year ended 31 March 2025
The trustees present their report along with the financial statements of the charity for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 and comply with the constitution dated 20 March 2022, the Charities Act 2011 and 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 (FRS102) effective 1 January 2019.
Structure, Governance and Management
Fishing for Heroes is a charitable incorporated organisation (CIO). The governing document is dated 20 March 2022 and it was registered with the Charity Commission on 17 May 2022.
At an EGM held on 8 October 2022 it was resolved to dissolve the unincorporated charity, registered number 1135355, and transfer all remaining assets to the CIO.
The CIO constitution provides for the appointment of a minimum of three trustees. Trustees are appointed by resolution passed at a trustees' meeting.
The trustees meet regularly throughout the year to discuss the charity's affairs.
The Board of Trustees keeps the skill requirements for the Trustee Body under review and in the event that there is a vacancy, the Board seeks nominations from people who have the necessary skills and interest.
The induction process for any newly appointed trustee comprises an initial meeting with the Board of Trustees at which a pack is provided. This includes a copy of the governing document, a copy of the latest accounts, a copy of the Charity Commission Guidance 'The Essential Trustee' and Charities and Public Benefit'.
Risk Review
The trustees have examined the major internal and external risks which the Charity faces and confirm that systems have been established to minimise these risks.
Objects and Activities
The objects of the charity are to assist in the treatment and care of both serving and ex-serving members of the armed forces of the Crown and Commonwealth suffering from mental health or physical illness of any description.
The main activity during the period under review has been the provision of fly-fishing courses and Regional Get Togethers across England and Wales.
Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and have complied with their duties under the Charities Act 2011 .
Page 2
FISHING FOR HEROES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 (Continued)
Review of Progress and Achievements
Fly fishing is acknowledged to be a relaxing pursuit taking the participant away from the everyday trouble of their life and therefore helping cope with the stresses of life and helping to combat PTSD and other mental health issues. Part of our ongoing support provides additional instruction to teach the skills of river fishing and also to support individuals looking to get qualified as fishing instructors, again with a view to ensuring continuance of fly fishing.
During the year the Charity has continued to provide fly fishing instruction and ongoing mentoring to veterans and serving personnel, these range from the Falklands Conflict and earlier through to the present day. The Charity has also provided days of mentoring and additional instruction to encourage and ensure that course participants continue to fly fish.
The Charity has delivered 743 (2024 - 686) days of fishing during the year, including 66 (2024-61) Regional Get Togethers, 30 individual 4 day courses (2024-30) and a trip to Scotland. A total of 178 (2024-163) individuals benefitted, including 30 new beneficiaries.
To be successful, it is essential that once an individual has learnt to fly fish that they continue to do so; the get togethers and reguakr events with social interaction help in this regard as does our Facebook page "Fellowship of the Stream", along with a number of regional WhatsApp groups, which are only accessibale to those who are involved with Fishing for Heroes.
The majority of instructors the charity uses are beneficiaries who have achieved coaching qualifications through the charity in partnership with the Angling Trust. Growth and sustainability have been achieved with the introduction of 9 Regional Coordinators across England and Wales. These are beneficiaries of at least 12 months standing who have the relevant skills and attributes.
The Charity operates from Priddock House, Ladybower Fisheries, in an office which is provided at no cost .
The trustees would like to thank all the individuals, organisations and charitable trusts who helped and supported the Charity during the year.
Reserves Policy
Total funds at 31 March 2025 amounted to £48,245. This comprised restricted funds £20,158 and unrestricted funds of £28,087. Free reserves fall within the range agreed by the trustees.
Trustees' Responsibilities in Relation to the Financial Statements
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to:
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h select suitable accounting policies and then apply them consistently;
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h observe the methods and principles in the Charities SORP;
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h make judgements and estimates that are reasonable and prudent;
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h state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
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h prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 14 December 2025 and signed on their behalf by R Jamieson.
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FISHING FOR HEROES
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2025 which are set out on pages 5-10.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with 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
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fair view" which is not a matter considered as part of an independent examination.
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 accounts to be reached.
M Gurney FCCA, DChA Chartered Accountant of Dains Audit Ltd 2 Chamberlain Square Birmingham B3 3AX
14 December 2025
Page 4
FISHING FOR HEROES STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | |||
| Income | ||||||
| Donations and legacies | ||||||
| Grants and Donations | 24,708 | 24,708 | 51,166 | |||
| Sports England | 6 | 15,000 | 15,000 | 15,000 | ||
| Roger Raymond Trust | 6 | 10,000 | 10,000 | 10,000 | ||
| Roger Raymond Trust | 6 | 5,000 | 5,000 | |||
| Toyota | 6 | 2,000 | 2,000 | |||
| BDAA | 6 | 21,274 | 21,274 | |||
| Donations in kind | 2 | 8,100 | 8,100 | 8,100 | ||
| Bank interest | - | - | 59 | |||
| Fundraising | 32,031 | 32,031 | 12,502 | |||
| Total Income | 64,839 | 53,274 | 118,113 | 96,827 | ||
| Expenditure | ||||||
| Raising funds | 7,096 | 7,096 | 6,470 | |||
| Charitable activities | ||||||
| Provision of courses including equipment | 2 | 10,636 | 40,910 | 51,546 | 39,112 | |
| Other costs | ||||||
| Staff salary | 33,395 | 1,945 | 35,340 | 26,500 | ||
| Pension contributions (Defined contribution) | 1,050 | 1,050 | 795 | |||
| Independent examiner | 2,490 | 2,490 | 2,160 | |||
| Payroll charges | 983 | 983 | 983 | |||
| Telephone and stationery | 1,674 | 1,674 | 2,266 | |||
| Bank charges | 170 | 170 | 148 | |||
| Insurance | 536 | 536 | 565 | |||
| Sundry expenses | 849 | 849 | 1,816 | |||
| Depreciation | 1,237 | 1,237 | 1,648 | |||
| Total Expenditure | 60,116 | 42,855 | 102,971 | 82,463 | ||
| Net Income for the year | 4,723 | 10,419 | 15,142 | 14,364 | ||
| Fund Balances brought forward | 23,364 | 9,739 | 33,103 | 18,739 | ||
| Fund Balances carried forward | 28,087 | 20,158 | 48,245 | 33,103 |
Page 5
FISHING FOR HEROES BALANCE SHEET 31 MARCH 2025
| Notes Fixed Assets 4 Current Assets Stock 1 Debtors and Prepayments HSBC Bank plc - current account Lloyds bank plc - current account Current Liabilities Creditors: Amounts falling due within 1 year 5 Net Current Assets Net Assets Capital and Reserves Restricted Fund 6 Unrestricted Income Fund |
2025 2024 £ £ £ £ 3,708 4,945 1,276 1,439 5,782 3,591 415 14,944 41,325 12,734 48,798 32,708 4,261 4,550 44,537 28,158 48,245 33,103 20,158 9,739 28,087 23,364 48,245 33,103 |
2025 2024 £ £ £ £ 3,708 4,945 1,276 1,439 5,782 3,591 415 14,944 41,325 12,734 48,798 32,708 4,261 4,550 44,537 28,158 48,245 33,103 20,158 9,739 28,087 23,364 48,245 33,103 |
|---|---|---|
| 48,798 4,261 |
||
| 33,103 | ||
| 9,739 23,364 |
||
| 33,103 |
These accounts were approved by the Board of Trustees on 14 December 2025 and signed on their behalf by:
R Jamieson
S Clarke
Page 6
FISHING FOR HEROES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies
Basis of Accounting
The accounts 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 2019 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The accounts have been prepared under the historical cost convention.
The charity constitutes a public benefit entity as defined by FRS 102.
Income
Income is recognised when receivable.
Donated goods and services
Donated goods and services are included at their estimated value to the charity.
Expenditure
Expenditure is included in the statement of financial activities on an accruals basis.
Fixed assets are capitalised and depreciation is provided at 25% on a reducing balance basis.
Stock
Stock is valued at the lower of cost and net realisable value.
Funds
The unrestricted income fund comprises those funds which the trustees are free to use in accordance with the charitable objects. Restricted funds must be spent in accordance with donor restrictions.
2. Donations in Kind
Donations in kind include £8,100 (2024 - £8,100) in respect of charitable activities.
3. Trustees Remuneration and Expenses and Related Party Transactions
No trustee received remuneration for acting in the capacity of trustee.
Donations include £15,000 (2024- £15,000) from the Clarke Family Trust, of which Simon Clarke is a trustee.
R Jamieson was paid £100 for fishing tuition during 2024 (2025 - nil). In addition, his wife was paid £162 for catering in 2025.
One trustee was paid £224 for travel and subsistence . (2024 - £384).
Page 7
FISHING FOR HEROES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
4. Fixed Assets
| 4. Fixed Assets | |
|---|---|
| Cost at 31 March 2024 and 31 March 2025 Depreciation at 31 March 2024 Depreciation charge for year Accumulated depreciation 31 March 2025 Net book value at 31 March 2025 |
Fixtures and Equipment 2025 £ 6,593 |
| 1,648 1,237 |
|
| 2,885 | |
| 3,708 |
5. Creditors: Amounts falling due within one year
| Creditors PAYE and NIC Pension contributions Accruals |
2025 2024 £ £ 812 315 749 155 2,700 4,080 |
|---|---|
| 4,261 4,550 |
6 . Restricted funds
| Sports England Roger Raymond Trust Roger Raymond Trust Toyota BDAA |
Balance Income Expenditure Balance 31/03/2024 2025 2025 31/03/2025 £ £ £ £ 8,597 15,000 12,712 10,885 1,142 10,000 6,377 4,765 5,000 492 4,508 2,000 2,000 21,274 21,274 |
|---|---|
| 9,739 53,274 42,855 20,158 |
The grant from Sports England was for four day individual courses The £10,000 grant from the Roger Raymond Trust was for charitable activities in Devon. The £5,000 grant from the Roger Raymond Trust was charitable activities in Hampshire and Wiltshire.
The income from BDAA was for charitable activities.
| Sports England Roger Raymond Trust |
Income Expenditure Balance 2024 2024 31/03/2025 £ £ £ 15,000 6,403 8,597 10,000 8,858 1,142 |
|---|---|
| 25,000 15,261 9,739 |
The grant from Sports England was for the Regional Get Together Programme. The grant from the Roger Raymond Trust was for charitable activities in the South West.
Page 8
FISHING FOR HEROES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
7. Analysis of net assets between funds
| Fixed Assets Current Assets Current Liabilities Fund Balance |
Unrestricted Restricted Total Funds Funds 2025 3,708 3,708 28,640 20,158 48,798 (4,261) (4,261) |
|---|---|
| 28,087 20,158 50,270 |
| Fixed Assets Current Assets Current Liabilities Fund Balance |
Unrestricted Restricted Total Funds Funds 2024 £ £ £ 4,945 4,945 22,969 9,739 32,708 (4,550) (4,550) |
|---|---|
| 23,364 9,739 33,103 |
8. Establishment of Fishing for Heroes
Fishing for Heroes is a charitable incorporated organisation (CIO), which was registered with the Charity Commission on 17 May 2022.
Its governing document is a constitution dated 20 March 2022.
The unincorporated charity, Fishing for Heroes, registered number 1135355, transferred its assets to the CIO during 2022.
Page 9
FISHING FOR HEROES STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025
9 Statement of Financial Activities - the information in respect of 2024 is as follows:
| Notes Income Donations and legacies Grants and Donations Sports England Roger Raymond Trust Donations in kind 2 Bank interest Fundraising Total Income Expenditure Raising funds Charitable activities Provision of courses including equipment 2 Other costs Staff salary Pension contributions (Defined contribution) Independent examiner Payroll charges Telephone and stationery Bank charges Insurance Sundry expenses Depreciation Total Expenditure Net Income for the year Fund Balances brought forward Fund Balances carried forward |
Unrestricted Restricted Total Funds Funds 2024 £ £ £ 51,166 51,166 15,000 15,000 10,000 10,000 8,100 8,100 59 59 12,502 12,502 |
|---|---|
| 71,827 25,000 96,827 |
|
| 6,470 6,470 23,851 15,261 39,112 26,500 26,500 795 795 2,160 2,160 983 983 2,266 2,266 148 148 565 565 1,816 1,816 1,648 1,648 |
|
| 67,202 15,261 82,463 |
|
| 4,625 9,739 14,364 18,739 18,739 |
|
| 23,364 9,739 33,103 |
The grant from Sports England was for our Regional Get Together Programme. The grant from the Roger Raymond Trust was for charitable activities delivered in the South West.
Page 10