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|Trustees.||
|---|---|
|Reference and administrative
details. . .||
|Trustees'
report for the year ended 31st December 2022||
|Independent
auditors'
report to the Trustees.|12|
|Statement offinancial
activities for the year ended 31December 2022|.16|
|Balance sheet as at 31December 2022|.17|
|Statement
ofcash flows for the year ended 31December 2022|.18|
|Notes to the financial statements
for the year ended 31December 2022|19|
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|||||2022||||2021|||
|---|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|Unrestricted|Restricted|Endowment|Total|
||||Funds|Funds|Funds|Funds|Funds|Funds|Funds|Funds|
|||Note|f000|EOOD|EOOD|E000|f000|f000|f000|f000|
|Income from|||||||||||
|Donations|||2,156|22||2,178|867|31||898|
|Rental income|||100|||100|100|||100|
|Investments|||111|||117|104|||110|
|Income|||2,367|22|6|2,395|1,070|31|6|1,108|
|Expenditure
on|||||||||||
|Raising funds|||8||24|32|8||25|33|
|Billingsgate
Market|||94|||94|126|||126|
|Grants|||774|||774|825|||825|
|Fisheries Projects|||582|28||610|284|26||310|
|Expenditure|||1,458||24|1,510|1,243|26|25|1,294|
|Net gains/(losses)|on investments|10,11|(261)||(384)|(645)|64||427|491|
|Net (Expenditure)/Income|||648|(6)|(402)|239|(109)||408|304|
|Transfers between|funds:||||||||||
|Allocation to income||15|||(6)||||(6)||
|Net movement
in|funds||648||(409)|239|(109)||402|304|
|Reconciliation
of|funds||||||||||
|Total Funds brought forward|||1,173|21|3,222|4,416|1,282|10|2,820|4,112|
|Total Funds carried forward|||1,821|21|2,813|4,656|1,173|21|3,222|4,416|
|Balance sheet a|s at 31December 2022||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||2022||||2021|||
||||Unrestricted|Restricted|Endowment|Total|Unrestricted|Restricted|Endowment|Total|
|||||||Funds||||Funds|
|||Note|f000|f000|f000|f000|EOOD|EOOD|EOOD|EOOO|
|Fixed assets|||||||||||
|Investment
Properties||10|450|||450|590|||590|
|Investments||11|868||2,778|3,646|997||3,187|4,184|
|Total fixed assets|||1,318||2,778|4,096|1,587||3,187|4p774|
|Current assets|||||||||||
|Debtors and prepayments||12|77|||77|2|||2|
|Short term deposit|accounts||22|||22|22|||22|
|Cash at bank and in|hand||505|28|35|568|64|28|35|127|
|Total current assets|||603|28|35|667|88|28|35|151|
|Liabilities|||||||||||
|Creditors: Amounts|falling due within one year|13|100|7||107|502|7||508|
|Net current assets|||503|21|35|559|(414)|21|35|(358)|
|Creditors: Amounts|falling due after more than one||||||||||
|year|||||||||||
|Net assets|||1,821|21|2,814|4,656|1173|21|3,222|4,416|
|The funds ofthe charity|||||||||||
|Unrestricted
funds||14|1,835|||1,835|926|||926|
|Restricted funds||15||21||21||21||21|
|Endowment
funds||16|||2,568|2,568|||2,592|2,592|
|Revaluation
reserve|||(14)||246|232|247||630|877|
|Total charity funds|||1,821|21|2,814|4,656|1173|21|3,222|4p416|
|The notes on pages|19to 31form part ofthese financial|statements.||Andrew|c
Sutcliffe Esq|KC|17May|2023|||
|||||On behalf ofthe Trustees|||||||
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||f000|f000|
|Cash flows from operating|activities|||||||
|Net cash used
in operating|activities|||||228|(291)|
|Cash flows from investing|activities|||||||
|Dividends,
interest
and rents from investments||||||217|210|
|Purchase of investments||||||(4)|(4)|
|Net cash provided
by (used in) investing|||activities|||213|207|
|Change
in cash and cash equivalents||in the reporting||period||441|(85)|
|Cash and cash equivalents|at 1January|||||149|234|
|Cash and cash equivalents|at 31December|||||590|149|
|Reconciliation
ofnet income to net||cash|flow from|operating|activities|||
|Net (expenditure)
for the|reporting|period (as per the SOFA)||||239|304|
|Adjustments
for:||||||||
|(Gains)/Losses
on investments||||||681|(454)|
|Dividends,
interest
and rents from investments||||||(217)|(210)|
|Decrease/(Increase)
in debtors||||||(75)|81|
|(Decrease)/Increase
in creditors||||||(401)|(12)|
|Net cash used in operating|activities|||||228|(291)|
|Analysis ofcash and cash|equivalents|||||||
|Short term deposit accounts||||||22|22|
|Cash at bank and in hand||||||568|127|
|Total cash and cash equivalents||||||590|149|
|Split between:||||||||
|Unrestricted
Funds||||||527|86|
|Restricted
Funds||||||28|28|
|Endowment
Funds||||||35|35|
|Analysis ofchanges
in net|debt|||||||
|Cash and cash equivalents|at 1January|||||149|234|
|Cash-flows||||||441|(85)|
|Cash and cash equivalents|at 31December|||||590|149|
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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||f000|f000|
|Unrestricted
funds|||||||
|Donations|from the Fishmongers'|Company|||738|60|
|Donation|from the Fishmongers'|Company|Charitable|Trust|1,415|806|
|Other donations|||||||
||||||2,156|867|
|Restricted|funds||||||
|Seafarers'|donation||||22|31|
|Total donations|||||2,178|898|
##
||||2022|2021|
|---|---|---|---|---|
||||f000|f000|
|Total|rental|income|100|100|
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||||2022|2021|
|---|---|---|---|---|
||||f000|f000|
|Restricted investment||income|||
|Simon Birch|Memorial|Fund|||
|Unrestricted|investment
income||110|104|
|Unrestricted|interest|income|||
|Total investment
income|||117|110|
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||f000|f000|
|Employment
expenditure||including|cars|59|58|
|Rent and service|charge|||1|7|
|Business rates|||||1|
|Office expenses|||||1|
|||||62||
|Split||||||
|Fish inspection
services||||58|58|
|Other expenditure||||3|9|
|Apportioned
support costs||||33|59|
|Total Billingsgate|Market|||94|126|
##
##
|.
GRANTS||||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||f000|f000|
|Targeted Academic Sponsorships||||||124|85|
|Marine Fisheries Co-management||||||80|70|
|Marine Fisheries Industry-led|Science|||||80||
|Missing Salmon Alliance||||||50|50|
|School Education
(Fish in School Hero)||||||50|50|
|Aquaculture
challenges —water quality||||||50||
|UK River Woods —Catchment|restoration|through tree planting||||45|80|
|Secretariat for the All Party Parliamentary|||Group on Fisheries|||40|33|
|Marine Fisheries Management||||||30||
|Discretionary
Grants||||||26|34|
|Ocean Projects||||||25||
|CatZero||||||20||
|Shellfish Aquaculture
industry|support|||||20|22|
|Welfare and Safety||||||20||
|Leaders
in Industry
Continuing|Professional||Development|||19||
|Discover Seafood Website||||||12|11|
|Bermuda
Institute ofOcean Sciences Maldwin||||Drummond|Award|10|10|
|Oceans Projects International||||||||
|Marine Fisheries National
Good Practice||(Fisheries Policy)|||||90|
|Seafood Training School at Billingsgate|||||||122|
|Financing
Catchment
Management|||||||65|
|Salmon Acoustic Tracking Project|||||||20|
|Local Authority
Engagement|||||||15|
|Human
Rights at Sea|||||||8|
|Fishing News Awards|||||||3|
|Small Grants (&f2k)||||||14|27|
|Grants to organisations||||||733|795|
|Scholarships||||||||
|Grants to individuals||||||||
|Apportioned
support costs||||||33|29|
|Total Grants||||||774|824|
##
||2022|2021|
|---|---|---|
||f000|f000|
|Fisheries Projects|285|45|
|Project Support Costs|325|265|
|Total Fisheries Projects|610|310|
##
##
|2022||Billingsgate|Market|Grants|Fisheries Projects|Total|
|---|---|---|---|---|---|---|
||||f000|f000|f000|f000|
|Staff Costs|||27|27|265|318|
|Administration|expenses||4|4|40|48|
|Car expenses|and travel||1|1|9|11|
|Other expenditure|||1|1|11|13|
|Total Support|Costs||||325|391|
|2021||Billingsgate|Market|Grants|Fisheries Projects|Total|
|---|---|---|---|---|---|---|
||||f000|f000|f000|f000|
|Staff Costs|||48|24|216|288|
|Administration|expenses||8|4|36|48|
|Car expenses|and travel||1|1|6|8|
|Other expenditure|||2|1|8|10|
|Total Support|Costs||59|29|265|354|
##
##
|.
ANALYSIS OF ST|AFF COSTS|||
|---|---|---|---|
|||2022|2021|
|||f000|f000|
|Salaries and wages||273|251|
|Social security costs||31|29|
|Other employment|costs|68|63|
|Total Staff Costs||372||
##
||2022|2021|
|---|---|---|
||f000|f000|
|Value at 1January|590|660|
|Revaluation|(140)|(70)|
|Value at 31December|450|590|
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||f000|f000|
|Market Value||at 1January||4,184|3,656|
|Purchases||||4.|4|
|Sales||||||
|Investment|management||fees|(36)|(36)|
|Net unrealised||gains/(losses)||(505)|561|
|Market value||at 31December||3,646|4,184|
|Consisting of:||||||
|Unrestricted|funds|||868|997|
|Endowment|funds|||2,778|3,187|
|Total funds||||3,646|4,184|
##
|||2022|2021|
|---|---|---|---|
|||f000|f000|
|Trade debtors||75||
|Prepayments|and accrued income|||
|||77||
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||f000|f000|
|Accruals|and deferred|income||39|37|
|Amount|due to the Fishmongers'||Company|45|457|
|Trade creditors||||24|15|
|||||107|508|
##
||||2022|||
|---|---|---|---|---|---|
|||Balance|Income/||Balance|
|||1January|Gains and
(Losses)|Expenditure|31December|
|||f000|f000|f000|f000|
|Income|Fund:|||||
|General|Funds|1,173|2,106|(1,458)|1,821|
|||1,173|2,106|(1,458)|1,821|
|||||2021|||
|---|---|---|---|---|---|---|
||||Balance|Income/||Balance|
|||1|January|Gains and
(Losses)|Expenditure|31December|
||||f000|f000|f000|f000|
|Income|Fund:||||||
|General|Funds||1,282|1,134|(1,243)|1,173|
||||1,282|1,134|(1,243)|1,173|
##
##
|||||2022|||
|---|---|---|---|---|---|---|
|||Balance|Income/|||Balance|
|||1January|Gains and
(Losses)|Expenditure|Transfers|31
December|
|||f000|f000|f000|f000|f000|
|Seafarers Donation||5|22|(27)|||
|Simon Birch Memorial|Fund|16||(1)|||
|||21|22|(28)|6|21|
|||||2021|||
|---|---|---|---|---|---|---|
|||Balance|Income/|||Balance|
|||1January|Gains and
(Losses)|Expenditure|Transfers|31
December|
|||f000|f000|f000|f000|f000|
|Seafarers Donation|||31|(26)||5|
|Simon Birch Memorial|Fund|10||||16|
|||10|31|(26)|6|21|
##
##
|||||||Trust for|Unapplied
Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||Investment|Return|Endowment|
|||||||f000|f000|f000|
|At 1January 2022:|||||||||
|Gift component|ofthe permanent|||endowment||147||147|
|Unapplied
total|return||||||115|115|
|Total at 1January 2022:||||||147|115|262|
|Investment
return: dividends|||||||6|6|
|Investment
return: unrealised|||gains||||(28)|(28)|
|Rebate and management||fee|||||||
|Total|||||||(21)|(21)|
|Identification
of|unapplied|total||return|||115|115|
|Unapplied
total|return allocated|||to income|in 2022||(6)|(6)|
|Net movements|in 2022:||||||87|87|
|At 31December|2022:||||||||
|Gift component|ofthe permanent|||endowment||147||147|
|Unapplied
total|return||||||87|87|
|Total||||||147|87|234|
|||||||Trust for|Unapplied|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||Investment||Return|Endowment|
|||||||f000||f000|f000|
|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||||||||37||
|Identification
of|unapplied|totalreturn||||||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|
##
##
||||2022|||
|---|---|---|---|---|---|
|||Balance 1|||Balance 31|
|||January|Income/Gains|Expenditure|December|
|||f000|f000|f000|f000|
|Permanent|endowment|262|(28)||234|
|Expendable|endowment|2,960|(356)|(25)|2,579|
|||3 222|(384)|(25)|2,813|
||||2021|||
|||Balance 1|||Balance 31|
|||January|Income/Gains|Expenditure|December|
|||f000|f000|f000|f000|
|Permanent|endowment|231|33|(2)|262|
|Expendable|endowment|2,589|394|(23)|2,960|
|||2,820|427|(25)|3 222|
##
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