**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:
- h select suitable accounting policies and then apply them consistently;
- h observe the methods and principles in the Charities SORP;
- h make judgements and estimates that are reasonable and prudent;
- h state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
- 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:
1. 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 with those records; or
3. 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