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2021-12-31-accounts

Trustees.
Reference and administrative
details.
Trustees' report for the year ended 31st December 2021
Independent
auditors'
report to the Trustees. ....		 ..12
Statement offinancial activities for the year ended 31December 2021. ..16
Balance sheet as at31December 2021 ..17
Statement ofcash flows for the year ended 31December 2021. .18
Notes to the financial statements
for the year ended 31December 2021		 .19

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ment ofcash flows for the y ear ended 31 Dece mber 2021
2021 2020
6000 6000
Cash flows from operating activities
Net cash used in operating activities (291) (976)
Cash flows from investing activities
Dividends,
interest and rents from investments		 210 214
Purchase ofinvestments (4) (3)
Net cash provided
by (used in) investing		 activities 207 211
Change
in cash and cash equivalents		 in the reporting period (85) (765)
Cash and cash equivalents at 1January 234 999
Cash and cash equivalents at 31December 149 234
Reconciliation
of net income to net cash		 flow from operating activities
Net (expenditure)
for the		 reporting period (as per the SOFA) 304 (1,401)
Adjustments
for:
(Gains)/Losses
on investments		 (454) 144
Dividends,
interest
and rents from investments		 (210) (214)
Decrease/(Increase)
in debtors		 81 11
(Decrease)/Increase
in creditors		 (12) 484
Net cash used in operating activities (291) (976)
Analysis ofcash and cash equivalents
Short term deposit accounts 22 72
Cash at bank and in hand 127 162
Total cash and cash equivalents 149 234
Split between:
Unrestricted
Funds		 86 189
Restricted
Funds		 28 10
Endowment
Funds		 35 35
Analysis ofchanges
in net		 debt
Cash and cash equivalents at 1January 234 999
Cash-flows (85) (765)
Cash and cash equivalents at 31December 149 234

.
DONATIONS
2021 2020
f000 EOOO
Unrestricted
funds
Donations from the Fishmongers' Company 60 102
Donation from the Fishmongers' Company's Charitable Trust 806 49
Other donations
867 152
Restricted funds
Seafarers' donation 31 250
Total donations 898 402

2021 2020
EOOO EOOO
Total rental income 100 100

2021 2020
EOOO EOOD
Restricted investment income
Simon Birch Memorial Fund
Unrestricted investment
income		 103 108
Unrestricted interest income 1
Total investment
income		 110 114

2021 2020
f000 f000
Employment
expenditure		 including cars 58 4
Rent and service charge 7 5
Business rates 1 3
Office expenses 1 1
67
Split
Fish inspection services 58
Other expenditure 9

.
GRANTS
2021 2020
fOOO f000
Seafood Training School at Billingsgate 122 102
Fisheries Policy 90 245
Targeted Academic Sponsorships 85 98
UK River Woods 80
Co-management
—Fishing		 into the Future 70
Financing
Catchment
Management		 65 95
Missing Salmon Alliance 50 50
Fish in School Hero 50 30
Discretionary
Grants		 34 51
Secretariat to Fisheries APPG 33
Small Grants ((f2k) 25 25
Aquaculture
Industry support		 22
Salmon Acoustic Tracking Project 20 20
Local Authority
Engagement		 15
Discover Seafood 11
UK Associates ofBermuda Institute ofOcean Sciences 10 10
Human
Rights at Sea		 8
Fishing News Awards 3
General (Comms/Research/Scoping/Management) 1
CDVID-19 485
Industry
CPD		 60
Freshwater
Policy Capacity		 50
Master Fishmonger
Standard		 46
Grants to organisations 795 1,367
Scholarship
Bursaries
Small Grants ((f2k)
Grants to individuals
Total Grants 795 1,374

.
FISHERIES PROJE		 CTS
2021 2020
EOOO f000
Master Fishmonger Standard 2
Other Projects 44 76
Project Support Costs 177 206
Total Fisheries Projects 221 283

.
ANALYSIS		 OF SUPPORT COSTS
Billingsgate Fisheries Other 2021
2021 Market Grants projects Expenditure Total
f000 f000 6000 EOOO f000
Staff Costs 48 12 72 12 144
Administration expenses 8 2 12 2 24
Car expenses and travel 1 1 2 4
Other expenditure 2 3 5
Total Support Costs 59 15 88 15 177
Billingsgate Fisheries Other 2021
2020 Market Grants projects Expenditure Total
f000 f000 f000 f000 f000
Staff Costs 58 14 86 14 172
Administration expenses 6 2 9 2 18
Car expenses and travel 1 1 1 1 4
Other expenditure 4 1 6 1 12
Total Support Costs 68 18 102 18 206

.
ANALYSIS OF ST		 AFF COSTS
2021 2020
EOOO f000
Salaries and wages 251 252
Social security costs 29 29
Other employment costs 63 63
Total Staff Costs 343

0. INVESTMENT PROPERTIES
2021 2020
EOOD 6000
Value at 1January 660 730
Revaluation (70) (70)
Value at 31December 590 660

2021 2020
6000 6000
Market Value at 1January 3,656 3,727
Purchases 4 3
Sales
Investment management fees (36) (35)
Net unrealised gains/(losses) 561 (39)
Market value at 31December 4,184 3,656
Consisting of:
Unrestricted funds 997 871
Endowment funds 3,187 2,785
Total funds 4,184 3,656

2021 2020
6000 6000
Trade debtors 2
Prepayments and accrued income
Amounts due from the Fishmongers' Company 69
Amounts due from the Fishmongers' Company's Charitable Trust 11
82

2021 2020
EOOD f000
Accruals and deferred income 37 45
Amount due to the Fishmongers' Company 457 379
Trade creditors 15 96
508 520

4. MOV EMENT
IN UNRESTRICTED F		 UNDS
2021
Balance Income/ Balance
1January Gains Expenditure 31 December
EOOO EOOD FOOD EOOD
Income Fund:
General Funds 1,282 1,134 (1,243) 1,173
1,282 1,134 (1,243) 1,173
2020
Balance Income/ Balance
1 January Gains Expenditure 31 December
EOOD EOOD EOOO EOOD
Income Fund:
Designated Fund - Fish on Friday 5 (5)
General Funds 2,634 277 (1,629) 1,282
2,639 277 (1,634) 1,282

5.MOVEMENT
IN RE		 STRICTED FUNDS
2021
Balance Income/ Balance
31
1January Gains Expenditure Transfers December
EOOD FOOD EOOD EOOD EOOD
Seafarers Donation 31 (26) 5
Simon Birch Memorial Fund 10 16
10 31 (26) 6 21
2020
Balance Income/ Balance
1January Gains Expenditure Transfers 31
December
EOOO EOOD FOOD EOOD EOOD
Seafarers Donation 250 (250)
Simon Birch Memorial Fund 10
4 250 (250) 6 10

Trust for Unapplied Total Total
Investment Return Endowment
6000 6000 6000
At 1January 2021:
Gift component ofthe permanent endowment 147 147
Unapplied
total		 return 84 84
Total at 1January 2021: 147 84 231
Investment
return: dividends		 6 6
Investment
return: unrealised		 gains 33 33
Rebate and management fee (2) (2)
Total
Identification
of		 unapplied total return 84 84
Unapplied
total		 return allocated to income in 2021 (6) (6)
Net movements in 2021: 115 115
At 31December 2021:
Gift component ofthe permanent endowment 147 147
Unapplied
total		 return 115 115
Total 147 115 262
Trust for Unapplied Total Total
Investment Return Endowment
6000 E000 6000
At 1January 2020:
Gift component ofthe permanent endowment 147 147
Unapplied
total		 return 71 71
Total at 1January 2020: 147 71 218
Investment
return: dividends		 6 6
Investment
return: unrealised		 gains 15 15
Rebate and management fee (2) (2)
Total 19 19
Identification
of		 unapplied total return 71 71
Unapplied
total		 return allocated to income in 2020 (6) (6)
Net movements in 2020: 84 84
At 31December 2020:
Gift component ofthe permanent endowment 147 147
Unapplied
total		 return 84 84
Total 147 84 231

2021
Balance 1 Balance 31
January Income/Gains Expenditure December
EOOD EOOD EOOD
Permanent endowment 231 (2) 262
Expendable endowment 2,589 (23) 2,960
2,820 427 (25) 3.222
2020
Balance 1 Balance 31
January Income/Gains Expenditure December
EOOD EOOD EOOD EOOD
Permanent endowment 218 15 (2) 231
Expendable endowment 2,651 (40) (22) 2,589
2,870 (26) (24) 2,820