The FISHMONGERS, Company's FISHERIES CHARITABLE TRUST Annual Report and Financial Statements for the year ended 31 December 2024 Registered Charlty number 284888 Registered Scottlsh Charlty number SC042845
The Flshmongers, Company's Fisherle5 Charitable Trust Contents Reference and administrative details. Trustees............................................................................................................................................................................. Trustee5' report for the year ended 31 December 2024............................................................................................... Independent auditorf5 report to the Trustees................................................... statement of financial activities for the year ended 31 Dember 2024............................................-..........................17 Balance sheet as at 31 December 2024..........................................................................................................................18 .13 Statement of cash flows for the year ended 31 December 2024...................................................................................19 Notes to the finantlal statements for the year ended 31 December 2024....................................................................20
•',1 The Flshmongerg Company's Flsherles Charltable Trust Reference and administrative details Addrè55 for enquirie5 The Fisherie5 Secretary Fi5hmongers' Hall London Bridge London EC4R 9EL Principal Investment Managers CCLA Fund Managers Limited Senator House 85 Queen Victoria Street London EC4V 4ET Email.. Fi5h.Fi5heries fishmon ers.or Troy Asset Management Link Fund Solutions Limited PO Box 389 Darlington DLI 9UF Independènt Auditor Buzzacott LLP 130 Wood Street London EC2V 6DL Chelverton A55et Management Colche5ter Road Chelmsford Essex CM2 5PW Sollcltors Farrer & Co LLP 66 Lincoln's Inn Fields London WC2A3LH PrTnclpal Bir nker5 HSBC Bank plc 1-3 Bishopsgate London EC2N 3AQ
The Flshmongers, Cornpany's Flsherles Charltable Trust Trustees The Trustees at the date of thi5 report are the Fishmonger5' Company (the corporate trLSSteel and Amelia Fitzalan Howard (appointed 16 ottober 20241. The Fishmongers, Company is one of the Great Twelve Livery Companies of the City of London and received its flrst Royal Charter In 1272. The governing body of the Company 15 the Court of Assistants, whose members at the date of this report are listed below. The Court appoints a member, who shall be neither Prime Warden nor a voting member of the Trust's advisory committee, to act as Chair of the Corporate Trustee for a two-year term. The current Chalr Is Charles Spicer Esq (appointed 9 Novernber 20231. Ms Fitzalan Howard is a senlor member of the Livery of the Company and, not being a Member of Court, acts as the 'Independent Trustee, of the Trust. She was appolnted for an InStial 3-year term a5 a replacement for Michael Nicholson Iresi@ned as Trustee on 16 October 20241. Members of the Court of the Flshmongerg Company: Andrew Sutcliffe Esq KC (Prime Warden from 19 June 2024 Fred Stroyan Esq (Prirne Warden from 21 June 2023 to 19 June 20241 Charle5 Spicer Esq Ichair of Corporate Trusteel Simon Barrowcliff Esq Dr Natalia Mi5ciattelli Mocenigo Soranzo Bill 5 Mills Esq Evy Hambro Esq The Earl of Erroll Andrew Martin Smith Esq R G Ho113nd-Martin Esq Andrew Morgan Esq James fforde Esq The Hon Michael MtLHren KC Nigel Bankes Esq HRH The Princess Royal KG KT GCVO QSO David Robertson Esq David Jones Esq DL Alderman Sir Alan Yarrow Jolyon Thornton Esq Mrs Charlotte Newson The Earl of Darnlev Dr Henrietta Boyd Aldred Drummond Esq Richard Wills Esq Duncan Stirling Esq Rupert Cotterell Esq Gareth Neame Esq OBE DL
•. Thè Flshmongers, Company's Flsherles Charltable Trust Trustees, report for the year ended 31 December 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The Fishmongers, Compènvs Fisheries Charitable Trust Ithe Trust) is an unincorporated Trust, Boverned by a Trust deed dated 19 May 1982, as amended by a Deed of Variation dated 10 November 2011. It Is reÉistered with the Charity Commisslon, ReElstration $4umber 284888, and the Office of the Scottish Charity Regulator, Registration NumberSC042845. The Trustees at the date of this report are the Fi5hmongers' Company (the Corporate Trustee) and Amelia Fitzalan Howard, who is not a member of the governing body of the Company but is a senior member of the Livery of the Company and acts as the Independent Trustee of the Trust. Member5 of Court Ilisted on page 31 are drawn from the Livery of the Corporate Trustee and are selected so as to ensure that it and its charities can draw on a wide range of appropriate experience and expertise. New Members of Court are given an induction to the finances and affair5 of the Corporate Trustee and its charities by the Company's senlor executive officer, The Clerk, and by other Members of Court. In order to ensure effertive separation of Trust buslness from the business of the Corporate Trustee, the Court has created the position of Chair of the Corporate Trustee and has stipulated that the Chair should be neither the Prime Warden of the Company nor a serving member of the Trust's advlsory Committee. The current Chair of the Corporate Trustee is Charles Spicer Esq. The Court has established a Fish and Fisheries Committee comprised of members of Court and co-opted members of the Livery. Its purpose 15 to promote, develop and deliver the Corporate Trustee's historic duty to 5VPPOrt the fish and fisherles sector in the UK. When acting on behalf of the Trust, the Cornmittee Chalr is accountable to the Chair of the Corporate Trustee. In respect of the Trust, the Committee's tasks include.. al Understandlng the Fisherie5 sector bl Considering, and making recommendations on, the Trust's Fisheries Strategy. cl To prepare and submit an annual Bu5ine5s Plan for the following year with an outline up to 5 year5 ahead. When approved, to implement and control the budget and oversee the detailed management of the Trust's grants, programmes and projects. During the year, day to day management and admlnistration of the Corporate Trustee was delegated to its senior Executive Officer, the Clerk, Toby Williamson MVO. In addition, the Court has appointed the Corporate Trustee'5 Fisheries Director, Andrew Wallace, as Executive Director re5pon5ible for leading its support to the Trust and its Finance Director, Steve Malle, undertakes the same role for the Trust. Together they comprlse the Trust's Key Management Personnel. Their remuneration is set by the Court, having regard to the market rate for similar role5. Staff of the Corporate Trustee arejoSntly employed by the Fishmonger5' Company's Fisheries Charitable Trust and also by the Fishmongers, Company's Charitable Trust (Charity No. 2636901. In 2024, the Trust reimbursed the Corporate Trustee £332k in respect of joint employment costs and £50k for administration 5ervice5. OBJECTIVES AND ACTIVITIES The objects of the Trust were widened in 2011 and are: The odvoncement of education on matters related tofish ondfisherles rhe conservution of n(Ftural habitats und environment thot support hEolthyfish fjndfish stocks The preservotion ond protECtitsn of public he(Flth The support of the work of other chorities und organisations t7ssociuted withfish ondlisheries
+. The Flshmongerg Company's Flsherles Charltable Tyust Trustees. report for the year ended 31 December 2024 Icontlnuedl OBJECTIVES AND ACTIVITIES Icontinuedl These objects are delivered through the Fisheries Strategy la5 referred to in Ibl above) by part-funding the rerlluneration of four FTE current fisheries-focused staff members.. Fi5herie5 Direttor- Andrew Wallace 2 Programme Managers- Dr Eleanor Adamson & Sharrnin Rouf A Charities Communications Manager- Gavin O'Donnell A Charitie5 Administrator-Nata5ha Taylor (shared 50150% with the Fishmongers, Company's Charitable Trustl and by making grants In support of Its objertive5. Its six main areas of work are.. il Freshwater fish, fisheries, and catchment management ill Marine fish, fisheries and envlronmental management iiil Sustainable and innovative development of aquaculture iv) Supporting and developinÉ the fish trade vl Providing education and research In the fisherie5 sector vil Providing an international network of best practice Among the Trust's funding of educational programmes, the targeted academic sponsorship programrne contributes to the funding of PhDs, Masters and Internships that help SUPPOTt the areas of work identified above, and a school education programme support5 teachers to use sustainable seafood in their lessons. The Ocean Programme has particular focu5 on fisheries and marine conservation, focused in 2024 on the UK'5 overseas territories. The Trust also supports a wide variety of events, both at Fishmongers, H311 and elsewhere, to he5p further its objectives. The Trust 3150 makes discretionary grants in accordance with its oblectlves. GRANT-MAKING POL5CY l. The Flshmongers, Company's Fisheries Charitable Trust is willing to tonsider proposals from established organ15ations to provide grants in support Of projects related to the delivery of the fisheries strategy objectives, outllned above. The Executlve team 5hortlist5 the applications and conducts further due diligence on the applicant charity itself, its governance, staffing, and financial stability and budgeting before submitting assessment reports to the Flsh and Fisheries Committee along with the original applications for a conslderation. 2. In addition, the Trust's sister ¢harity, the Fi5hmonger5' Compan5 Charitable Trust, has a small, designated fund from which it can sometimes support causes which, though fisherie5 related, are not directly in support of fish or fisheries. Such projects may include.. a. Projects which may benefit indlvbduals lincluding disabled or otherwise disadvantaged people) through fishing or their relationship with fishing. b. Historical, archaeological or sociologlcal studles related to fishing. c. Cultural and social projects in support of fishing communities or the environment. 3. The Trust does not normally support: a. Project5 dealing with marine mammals, although prolects dealing with the impact5 of predation by marine mammals would not necessarily be excluded. b. Any applications for core-fundinE or for which there is a Statutory duty to provide a service, facility or undertaking. c. Project proposals that seek to form new bodies.
•1 The Flshmonger5' Company'5 Flsherles Charitable Trust Tru5tees' report for the year ended 31 December 2024 Icontlnuedl GRANT-MAKING POLICY Icontlnuedl In considering bids for fundin& preference will be given to projects.. a. Put forward by reElstered charltles or not for proflt organisation5 already working in those area5 for which the grant is sought. b. Where there is matched fundlng by another donor, or there is clear evidence of funding support or support in kind to ensure the viability of the projett. c. Which demonstrate good collaboration or coordination with other organisations, avoid duplication and make use of partnership arrangements. The following conditions may be applied.. a. In such cases where the grant is reliant upon other 8rant5, any award may be conditional upon the applicant demonstrating that the other monies are secured before any monies are released by the Trust. b. As a condition of any grant, the proposal must include provision for reporting to the Trust on progress being made and of final outcomes. Where multi-year grants are awarded, release of each instalment of funding is contingent upon the receipt of reports, including financial accounts, demonstratlng satlsfactory progress against the objectives of the project. c. As a further condition of any grant made, the Trust requires that Its support is acknowledged all publlcations and/or publicity material relating to the project. Where appropriate, and wlth the written consent of the Company, permission may be granted to use the Company's crest. d. Under normal circumstances the Trust will not consider a further grant to an organisatSon unt51 a perlod of three years ha5 elapsed from the date Df approval of the previous grant. Exceptions to this policy miEht include where significant development opportunities a550ciated with the original application may be evident. e. Where 3 grant Is requested to help launch, or pump-prime a new initiative, the applicanl will need to demonstrate in the application how the initiative will be sustained over the longer term. FUNDRA151NG D15CLOSURES Members of the Llvery and Freedom of the Corporate Trustee, the Fishmongers, Company, have always been encouraged to support the work of Its associated charities, esther by the means of regular donations or by giving their time, energy and expertise. In March 2025, the Company wrote to the Members of the Livery asking that all members contribute to Its charltable wtsrk, wlth a suggested minimum donation of £120 pa (to either the Trust or its Slster charity Fccfi with the aim of universal participation. The Trust does not engage in fundralsSng to the general publlc, nor worked wlth professlonal fundralser5 or commercial participators. Consequently, the Trustees have not reEarded it as necessary to subscribe to any voluntary fundraising standards. PUBLIC BENEFIT The Trustees continue to have regard to the Charity Commission guidance on public benefit in settlng thelr grant making policies and future plans and are satisfied that the Erants that have been made provide public benefit to the community.
The Flshmongerg Company's Flsherles Charltable Trust Trustee5' report for the year ended 31 December 2024 Icontlnuedl FINANCIAL REVIEW The Trust recelved donation5 of £891k12023- £1,408kl. No donation was received from the Fishmongers, Company 12023.. £920kl however the Fishmongers, Companvs Charitable Trust donated £871k. The overall decrease in donation income was due to the fact there was no donatlon from the Fishmongers, Company 12023.. £920kl whereas the donation from the Flshmongers, Company's Charitable Trust of £871k was larger than last year12023'. £450kl. Income of £IOOk was received from the investment property12023.. £IOOkl and £123k from investment income12023.' £120kl. The Trust spent £1,268k on charitable grants12023'. £1,186kl and £382k on Fisheries Project512023'. £389kl. The 10-year lease over an investment property with a net annual rent of £IOOk pa that was gifted in December 2018 to mark the Fishmongers, Company's 750 annlversary has been valued at £300k by the Trust'5 Surveyor, Cluttons LLP. RESERVES POLICY The Trustees, policy is to rnaintain a balance on the Trust's unrestrScted reserves, net of Investments sufficient to meet at least three months of total costs. The Trustees, current policy is to avold any requirement to Use expendable endowment or unrestricted investments to meet cashflow needs. At the end of the period, the Trust held total unrestricted funds of £1,218k12023= £1,848kl. £1,246k comprised Fixed Asset Investment512023.' £1,301kl and there were no designated funds12023'. £nlll. After deducting investments, the Trust'5 available free reserves (net current assets) were £85k in deficit 12023.. £547kl but the Trust anticipates donation of £1.525m from the Fishmongers, Company's Charitable Trust in early 2025, to cover Sts expenditure plans for the year. This will avoid the requirement to sell investments to cover cashflow.
•!1 The Fishmongers, Compan5 Fisherles Charltable Trust Trustees. report for the year ended 31 December 2024 Icontlnuedl REVIEW OF THE YEAR 2024 represented the first year of a 5-year planntng cycle, building on the Trust's reputation as one of the blgge5t charities In the UK wlth a speclfic focus on flsherSes and aquatlc envlronments. The current focus Is largely.. Clean Rivers; Sustainable Fisherie5,' Ocean Health,. Strategic Alliances; Fostering sustainable business; Nurturing healthy and informed consumer5, and; The skills and training needed to deliver on the above. Reestablishing the Company's relationship with the seafood sector through the Trust's Flsh Trade Programme has been an important recent focus, and in 2024 thi5 saw the pre-competitive'seafood Grimsby and Humber5ide Alliance, of seafood processors, with the 5UPPOrt of the Trust, rnake large contribution5 to both decarboni5ation and career development in the seafood processing sector. This programme also saw an expansion of work with schools in the Lincolnshire region, centre of the UK seafood processing sector, and continued development of the"DiscoverSeafood" web51te which te115 fresh stories about seasonal sustainable Brit15h seafood. In 2024 Discover Seafood extended this initiative with physical marketing pack5 and recipe card5 to connect holiday visitor5 Wlth local seafood busine55e5. The Trust's UK Marine Fisheries Prograrnme 5UPPOrted 3n exciting line up of projects in 2024 designed to enable ctive industry representation in management fora, and to fill science gaps to advance sustainable fisheries. One highlight here was ongoing support for the charity Fishing into the Future that works with fishers, scientists and fisheries managers to advance knowledge and best practice. Grants awarded from the TrLJ5t'5 Freshwater Programme ontinued to directly fund ongoing projects in.. Scotland, England, Wales and Northern Ireland to help build capacity In river management organisations to deliver a wide range of habitat restoration projects to aid the long-term ecological restoration of river catchment5. 2024 saw thi5 extend to the work of the fledging "farm clusters" landowner-led Initiative facilitated by the Game and Wildlife Conservation Trust. The Trust's Aquaculture Programme supported various aquaculture industry forums and conferences in Scotland, Northern Ireland and Southwest England in 2024, as well as supporting advocacy for improved water quality for shellfish farming water5. Of note, in collaboration with the Scottish 5hellfi5h industTV and academic community, the Trust co-convened an early career researcher workshop on 'Challenges to the shellfish industry,, and provided grant funding to winning projects submitted by students who participated in this multi-di5ciplinary event. The Trust's 2024 Educatlon Programme aimed to invest in people with potential, leverage our industry knowledge and connections to develop relevant collaborative student research project5, and focus on widespread positive engagement with seafood education for the long-term benefit of industry and wider society. Our Fish In School Hero Programme delivered teacher training for 110 more teachers and free seafood to over 500 schoo15. At University level the Trust contributed funding to nlne Doctoral studies and two masters students, a5 well a5 funding four industry internships, and through a co-funding partnership with the City & Guilds Foundation, we supported 24 people through 'seafood careers training, in the Grimsby and Humberside area where much of the UK processing industry is based. The Trust's Oceans Programme focused on building relationships with the UK'S overseas territories and Commonwealth, as well as 5UPPOrting international visits to learn about seaweed aqu3culture, endangered sea tUTtle research, and cetacean entanglement in fishing gear.
:), The Fishmongers, Companvs Fisheries Charitable Trust Trustee5' report for the year ended 31 December 2024 Icontinuedl REVIEW OF THE YEAR Icontlnued) ',Gr$nt8 Programme Area5, Core activities supported, and underlylng objectlves (Environment, Economic, Sociall in 2024 Work initiated or led by the Trust in 2024 leveraged significant additional funding lestimated at over £5ml from other co-funding sources, directly 5upportin8 It5 partners, beneficiaries and project5. By both spend and leveragin& the UK Marlne Flsherles Programme was the largest area of work In 2024, accounting for 37% or project and Brant expenditure. Measures, however, such as the number of guests convened across our prograrllme areas, and the balance of core activities and underlying objectives, illustrate a relatively balanced activity across the Trusts priorlty areas, wlth Soclal oblectlves underlying almost half148%1 of all project and grant activity. Cial Objeci Guests convened by Programme Area
l The Flshmongerg Company'5 Flsheries Charitable Trust Trustees, report for the year ended 31 Dernber 2024 Icontlnuedl INVESTMENTREVIEW The Trust's Statement of Investment Principles and Policy state5 that its investment objectives are.. To mtsintuin its (Fssets in reol termsfrom generotion to generotion, while spending t7t o sustoinrjble level. The Chority's 055ets will therefore tend to be invested reÉFI Jssets (property ond eqtjities) which typicolly have un underlying Incame. The Charity wouldllke to spendo growln9 Streom of income ond desires o higher current return thon the MSCI World without undue risk to thEAuture growth of thot income orsocrilice of totul return. The Churity regords equltles (7S o globol osset closs yet has sterling needs ond does not wish to poy unnecessary tox ondfee5. It ht55 minimolsterling property income undso sterling income is o welcome motch uguinstshort term needs, btjt not o permonent requirement. The Charffty hus on ethicol constroint, which is thut it expects tht7t its investment manugers ensure th(Ft there is good or improving corporate governance at the companies in which it invests, and it seeks to understand how the managers link this responsibility to shrjreholder returns. The Charity will not second guess the manager but impre55 on them the importunce of this responsibility. Investment income in 2024 was £123k la yield of 3.1%), representing a slight increase on the previou5 yearfs £120k. The investment portfolio ended the year up a modest 2.7%. The total return was therefore c. 5.8%, ahead of dornestic inflation and the return on cash but lagging the return on UK equities of 9%. The Trust'5 main holding in CCLA COIF returned a disappointing 5% in the year, while the Trojan Income Fund delivered 6.5% and Chelverton UK Equity Income Fund managed 8.0%. n late 2024 and early 2025 the Trustee5 conducted a review of the Trust's investments which concluded that, while the Trojan Income Fund had broadly performed as expected, it no longer met the investment case for which it was purchased in 2018. The review agreed to divest from the fund and also to reduce exposure to CCLA, moving the proceeds into a new discretionary mandate with Waverton Asset Management. This process is expected to complete in spring 2025. On 12 June 2014, the Trustee passed a resolutlon as permitted by the Charities (Total Return) Regulations 2013, to adopt a Total Return approach to Its permanent endowment- the Simon Birch Memorial Fund with effect from I January 2015. The Trustee determined that on that date the value of the Trust for Investment was £147k comprising the value of the Original glft plus subsequent capStal growth while the value of Unapplied Total Return was £115k comprising the historic excess of income over expenditure. During 2024, £6k was allocated for expenditure from the total return of £26k in the year. At 31 December 2024, unapplied total return was £106k12023'. £86kl. RISK MANAGEMENT The Trustees have assessed the major risks to which the Trust is exposed. The most significant risk is assessed to be dSsunity with the Corporate Trustee leading to a significant reduction in income and other resources. This 15 addressed by keeping the strategic objectives of the Trust aligned with the interests of the Corporate Trustee and carefijlly handling the interface between the Trust and the Corporate Trustee. The Tru5tee5 also attach high importance to addressing the risk of bad governance and are currently undertaking a thorough review of 311 governance structures, processes and documentation. Although Investment Income is a rninor part of the Trust's overall income, the major financial risk derives from market volatility and the potential knock-on effect on the Trust's income if markets struggle. The Trustees are keeping the increased level of Spending from the portfolio foSlowing the restructuring of investments In 2018 under revlew. Additionally, the Trust's policy is to fund specific projects rather than the core costs of Dther orÉanisations and to ensure a balance of single-year and multi-year projects. Taken together, these should provide the flexibility to temporarily reduce the level of grant5 awarded if required without damaging exlsting projects.
The Fishmongers, Company's Fisherles Charitable Trust Trustees. report for the year ended 31 De¢ember Z024 Icontlnuedl PLANS FOR THE FUTURE The Trustees are ambitious to deepen the work5treams of the Fishmongers, Company's Fisherie5 Charitable Trust further, with a particular emphasis on convening, financial leveraging, and the support of key, well-placed, high- capacity industry professionals. In each key programrne area, specific focal areas have been Identlfied for 2025, and the Trust's intention is to fully utilise it's convening power, partnerships, leveraging ability, specialist staff capacity, as well as It's available funds to extract maxlmum Impact 3cross its programme areas. FARM CLUSTERS CONSUMIP:TIl . SUSTAINABI LITY & INNOVATION COORDINATION CONSERVATION Distrlbution of funding and focal areas across the Trust's main programme areas in 2025 The way the Trust works
The Flshmongers, Company'5 Flsherles CharStable Trust Trustees, report for the year ended 31 December 2024 Icontlnuedl STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees are re5pon5ible for preparing the Tru5tees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 Iunited Kingdom Generally Accepted Accounting Practice). The law applicable to charltles in England and Wales reqLJires the Trustee5 to prepare flnancial statements for each rinancial year which give a true and fair view of the state of affairs of the Charity and of the income and expenditure of the Charlty for that perlod. In preparing these finantl31 statements, the Trustees are requlred to.. select suitable accounting polities and then apply thern con515tentlv observe the methods and principles in Accounting and Reporting by CharltSes: Statement of Recommended Practice applicable to charities preparing their accounts Tn accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 make judgements and estimates that are reasonable and prudent state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going concern basis unless it 15 inappropriate to presume that the Charity will continue in business. The Trustees are responslble for keepSng proper accounting records that disclose, with reasonable accuracy at any time, the financial posltion of the Charity and enables them to en5UTe that the financial staternents cornply with the Charitles Act 2011, the Charity and Trustee Investment (Scotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 200613s amended) and the provislons of the Trust deed. They are also responsible for safeguarding the assets of the Charlty, and hence for takinB reasonable steps for the preventlon and detection of fraud and other Irregularltles. Charles Spicer Esq On behalf of the Trustees 20 March 2025
•1 The Flshmongerg Company's Flsheyles Charitable Trust Independent auditorfs report to the Trustees Oplnlon We have audited the financlal statements of the Fishmongers, Company's Charitable Trust I'the Charlty'l for the year ended 31 December 2024 whlch comprise the statement of flnanclal actIvItes, the balance sheet, the statement of cash flows and the note5 to the financial Statements, including significant accounting policie5. The financial reporting framework that has been applied In their preparation is applicable law and United Kingdorn Aetounting Standards, Including Flnancial Reportlng Standard 102, the Financlal Reporting Standard applicable In the UK and RepLJbllc of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opSnion the financial statements.. give a true and fair view of the state of the CharItS affairs as at 31 December 2024 and of its incorne and expenditure for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirement5 of the Charitie5 Act 2011, the Charities and Trustee Investment (Scotlandl Act 2005 and regulation 8 of the Charities Account5 (Scotlandl Regulations 2006 las amended). Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial 5tatement5 section of our report. We are independent of the Charlty in accordance with the ethital requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standèrd, and we have fulfilled our other ethical re5pon5ibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provlde a basls for our oplnion. Con¢luslons relating to golng ¢on¢ern In auditingthe financlal statements, we have concluded that the Trustees, use of the going concern basis of accountlng in the preparation of the financial Statements is appropriate. Based on the work we have performed, we have not identified any material uncertaintie5 relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of at 5east twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilitie5 of the Trustee5 Wlth respect to going concern are described in the relevant sections of this report. Other Information The other information comprises the inforrnation included in the Annual report and financial statements, other than the financial statements and our auditor's report thereon. The Trustee5 are re5pon5ible for the other information. Our opinlon on the finan¢lal statements does not cover the other Informatlon and we do not express any form of asslirance concluslon thereon.
The FlshmongeTS' Company'5 Flsherles ChaTltable Trust Independent aud5to¢s report to the Trustee5 Icontlnuedl Other information Icontinuedl Our responsibilitv 15 to read the other infoTmation and, in doing so, consider whether the other information is materlally incon51Stentwith the flnancial statements or our knowledge obtained in the Course of the 3LJdit or otherwise appears to be materially misstated. If we identify such material incon515tencie5 or apparent material mi55tatements, we are required to determine whether this gives rise to a material misstatement in the financial st3terllents themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other Infomiation, we are required to report that fact. We have nothing to report in this regard. Matters on which we are requlred to report by ex¢eption In the IiEht of the knowledge and understandSnE of the Charlty and Its envlronment obtalned In the course of the audlt, we have not identified material misstatements in the Trustees, report. We have nothing to report in respect of the following matter5 in relation to which the Chaiities (Accounts and Reports) Regulation5 2008 requlres us to report to you If, In our oplnlon.. the information given in the Trustees, Report is inconsistent in any material respect with the financial Statements,. or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records; or we have not received all the information and explanations we require for our audit. Resportslbllltlès of Trustees As explained more fully in the Statement of Trustees, Responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such Internal control as the Trustees determine Is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparlng the flnancial staternents, the Trustees are responsible for a55essing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unle55 the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so. Audltor's responslbillties for the audit of the financial statements We have been appointed as auditor under Section 144 of the Charities Act 2011 and repoTt in a¢tordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors, report that includes our opinion. Reasonable assurance is a high level of assurance, but 15 not a guarantee that an audit conducted in accordance with ISAS IUKI will always detert a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the ba$15 of these financlal statements. IrregularStles, Sncltsding fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material mi5Statements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irre8ularitie5, includin8 fraud is detailed below. 14 | PaBe
The Flshmongerg Company's Flsheries Charitable Trust Independent audltorfs report to the Trustees Icontlnuedl AuditOY's responslbillties for the audit of the financial statements Icontinuedl Our approach to identifying and as5e551n8 the risks of material mi55tatement in respect of irregularities, including fraud and non-compliance with law5 and regulations, was as follows.. the engagement partner ensured that the engagement team collettively had the appropriate competence, capabilities, and skills to identify or recogni5e non-compliance with applicable law5 and regulation5; we identified the laws and regulations applicable tts the Charity through dlscusslons wlth those charged with governance and other management, and from our knowledge and experlence of the sector,. we focused on specific laws and regulation5 which we considered may have a direct material effect on the financial statements or the operations of the Charity, including the Charities Att 2011, the Charltles and Trustee Investment IS¢otlandl Act 2005 and the financial reportlng framework referred to above,. and we understood how the Charity is complying with those legal and regulatory frameworks by making enquiries of management and those responsbble for legal and cornpliance procedure5 and through our review of the mlnutes of meetlngs of those charged wlth governance. We assessed the susceptibility of the Charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur. Audit procedures performed by the engagement team included.. making enquiries of management a5 to their knowledge of actLJal, suspected and alleged fraud,. and considering the internal controls in place to mitigate risks of fraud and non-cornpliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we.. performed analytlcal procedures to identify any unusual or unexpected flnancial relationships; tested journal entries to identify unusual transactions,. performed substantive testing of expenditure including testing the authorisation thereof; and a55e55ed whetherjudgement5 and assumptlons made In determining the accounting estlmates were Indicative of potential bias. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to.. re3din@ the minutes of meetings of those charged with governance,. and enquiring of those charged with governance and management as to actual and potential litigation and claims. There are inherent limitations in our audSt procedures described above. The more removed that law5 and regulations are from financlal tran$3ctlons, the less Ilkely it Is that we would become aware of non-compliance. Audlting standards also limit the audit procedures required to identify non-compliance with laws 2nd regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any. Material mi55tatements that arise due to fraud can be harder to detect than those that arise from error as they may Involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council'5 website at www.frc.org.uk/auditorsresponsibilities. Thi5 description form5 part of our auditor's report.
The Fishmongers, Company's Fisherles Charltable Trust Independent audltor's report to the Trustees Icontlnuedl Use of our report Thls report Is made solely to the Charlty's Trustees, as a body, In accordan with Part 4 of the Charities IAccounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Trustees those matter5 we are required to State to them in an auditor's report and for no other purpose. To the fullest extent perrnitted by law, we do not accept or a55ume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for our audit work, for this report, or for the opinions we have formed. Buziacott LLP 130 Wooij Street London EC2V 6DL Statutory Audltor Date.. 20 March 2025 Buzzacott LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006
00 00 %P th Lf* riy Ln Lno * o)0 ff) ry) Ln (o om (D W Ln (>J o OA uo (o w r r4 m (rj o)
oth
The Fishmongerg Company's Fisherles Charltable Trust Statement of cash flows for the year ended 31 December 2024 2024 2023 £000 £000 Cash flows from operating activities Net cash used in operating activities 17601 1931 Cash flows from investing actlvit1è5 Dividends, interest and rents from investments Purchase of inve5tmerits 223 141 219 220 141 216 Net cash provided by investing activities Change in cash and cash equivalents in the ieporting period Cash and cash equivalents at l January Cash and cash equlvalents at 31 December 15411 713 123 590 172 713 Reconclllatlon of net lexpendlturelllncome to net cash flow from operatlnB actlvltles Net lexpenditurel income for the reporting period las per the SOFA) Adjustments for.. Gains on investments 15121 214 1191 12231 11571 12201 75 Dividends, interest and rents from investments Decrease in debtors Decrease in creditors 181 {7601 Net tash Lrsed in operating activlties 1931 Analysls of cash and cash equlvalents Cash at bank and in hand 172 713 Total cash and cash equivalents 172 713 Split between: Unrestrlcted Funds Restricted Funds Endowment Funds 55 636 82 42 35 35 Analysls of changes In net debt Cash and cash equlvalents at l January 713 590 Cashflows 15411 172 123 Cash and cash equlvalents at 31 December 713 19 | Page
The Fishmongers, Company's Flsherles Charltable Trust Notes to the financial statements forthe year ended 31 December 2024 I. ACCOUNTING POLICIES The principal accountlng pollcies 3dopted, judgements and key SoUrS of estimation uncertainty in the preparation of the finant131 statements are as follows.. Basis of Preparation The accounts have been prepared under the h5storlcal cost convention, as modified by the revaluation of certain fixed asset investments, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and Atcountin8 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 IFRS 1021. The Charity constitutes a Public Benefit Entity as defined by FRS 102. The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view, Thi5 departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. The functional currency 15 GBP £(KIO5. Preparation of the accounts on a Bolng concern ba515 The Trustees have considered the Trust's forecast income and expenditure and c3shflow for the next 12 months and are sat15fied that the Trust is a going concern and have prepared these flnanclal statements on that basls. Income Donation income is recognlsed when the Trust has entltlement to the funds, St Is probable that the income wlll be received, and the amount can be measured reliably and Is not deferred. Investment Income, Incltjding Interest, is recognised when receivable. Rents are recognised when receivable. Fund accountlng Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are tjnrestricted funds of the Charity which the Trustees have decided at their discretion to set aside for a specific purpose. Restrirted funds are donations which the donor has specified are to be solely used for particular areas of the Trust's work. Endowment funds are funds which must be held indefinitelyi although within limits the capital of the funds may be spent temporarlly where a Total Return approach has been adopted. Expèndlture and Irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following headings.. Investment Management Fees in Expenditure on Raising funds represents theTru5t'5 Share of fee5 charged to collective investments scheme5 in which it has holdings where these are clearly identifiable. Expenditure on Charitable Activities includes both grants awarded and thelr assoclated support costs. Irrecoverable VAT is charged as a cost against the activity for whlch expendlture was Incurred.
The Flshmongers, Company'5 Flsherles Charltable Trust Notes to the flnantlal statement5 Icontlnuedl I. ACCOUNTING POLICIES Itontlnuedl Allocatlon of support costs Support Costs are those functions that assist the work of the Trust but do not directly undertake charitable activities. Support costs include the Trust's share of employment costs for staff jointly employed by the Fishmongers, Company and the Fishmongers, Companvs Fisheries Charitable Trust, administration expenses, and audit fees. Support costs have been wholly allocated to Charitable Expenditure. Investment Propertles Investment properties are stated at fair value. Realised and unrealised gains are shown in total on the Statement of Financial Activities. Investments Investments are stated at market value. Realised and unreali5ed gains are shown in total on the Statement of Financial Activities. Totsl Retur Where a Total Return approach ha5 been adopted to the management of permanently endowed fund5, income and gains initially accrue to Unallocated Total Return, whl¢h is part of the endowmentfund. Funds Intended for appllcatlon are then shown as a transfer to Restricted Funds. Since 2018, the Trustee5' policy is to regard income as available in full for application. Prior to 2018, the Trustees had budgeted an amount available for appllcatlon as 3pproxlmately 2.5% of the forecast opening market value of the capital. Debtors Trade and other debtors are recognised at the settlement arnount due. Credltors and provlslons Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount due. Flnanclal Instruments The Trust has only financial assets and financial liabilitie5 of a kind that qualify a5 basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value except for investments which are stated at fair value. Penslons The Trustjointly employs staff with the Fishmongers, Company and the FishmongeTS' CompanVs Charitable Trust. The Fishmongers, Cornpany meets the obligations of the employers in respect to auto enrolment legislation. Accountlng est5mates and judgements In respect of the next reporting period the m05t significant areas of uncertainty that affect the carrying value of a55et5 are the level of investment return and the performance of investment markets.
*1 The F5shmongerg Company's Flsheries Charltable Trust Notes to the fSnanclal statements Icontinuedl 2. DONATIONS 2024 2023 £000 EOOO Unrèstricted funds Donations from the Fishmonger5' Company 920 Donation from the FishmonEers' Company Charitable Trust 871 450 Other donations 26 878 1,395 Restrlrted funds Simmonds Water Quality Total donations 13 13 891 1,408 3. RENTAL INCOME 2024 2023 £000 £000 Total rental intome loo loo In December 2018 the Trust was gifted a 10-year lease over an investment property with a net rent of £IOOk which ha5 been valued at £300k at 31 December 202412023: £380kl. 4. INVESTMENT INCOME 2024 2023 £LYJO £000 Restricted invèstment Income Simon Birch Memorial Fund Unrestrlcted Investment Income 116 114 Total Investment income 123 120
•1 The FlshmonEèYs' Company'5 Flshèrles charltable Tyust Notes to the flnanclal statements Icontlnuedl 5. GRANTS 2024 £000 2023 £000 Industry Science Targeted Academic Sponsorship UK River Woods Fisherie5 Management Plans Oceans International Good Practice Marine Habitats Good Practice National 5GHA School Educatlon 150 147 130 174 145 158 iio 92 70 68 65 60 50 49 91 Aquaculture Industry Engagement and Research Missing Salmon Allian Parliamentary Group5 Dlscover Seafood Water Quality Coordination Farm Clusters 45 70 40 45 45 40 41 39 40 35 Discretionary Grants Welfare and Safety Bermuda Institute of Ocean Science5 Co-management Ocean Projects UKOTS etc Rights and Local Authorities Industry Leaders CPD Small Grants1<£5kl Grants to organSsations 29 27 20 30 io io 60 42 30 17 14 20 1,130 1,221 Good Practice National Small Grants1<£5kl Grants to individuals li 19 Apportioned 5UPPOrt C05tS Grant returned due to be relssued Total Grants 52 1241 1,268 49 1,186 Expenditure on grant5 was £1,216k12023.. £1,137kl of which £1,236k was unrestricted 12023.. £1,128kl and 1£24kl restricted whlch was a grant returned and is due to be reissued12023.' £9kl. An apportloned support cost of £52k 12023.. £49kl has been added to this total bringing tot21 grant expenditure to £1,268k12023.' £1,186kl. Multl-year grants are not awarded.
•j The Fishmongers, Company'5 Flsherles Chèrltable frust Note5 to the financial statèment5 Icontlnued 6. FISHERIES PROGRAMME WORK 2024 2023 £000 £000 Fisheries Programme Work Programme Work Support Costs j Total Fisheries Projects 14 45 368 344 382 389 Expenditure on fisheries projects was £382k12023.' £389kl all of which was unrestricted12023: £388k was unrestricted and Elk restrictedl. 7. ANALYSIS OF SUPPORT COSTS 2024 Grants Fisheries Projects £000 Total £000 £000 staff Costs Administration expenses Car expenses and travel Other expenditure Total Support Costs 42 294 336 50 1 18 14 418 44 16 12 366 52 2023 Grants Flsherles Projects £000 278 42 12 12 Total £000 £000 39 staff Costs Administration expenses Car expen5e5 and travel Other expenditure Total Support Costs 317 48 14 14 49 344 393 All support costs were unrestricted. Staff Costs comprise the Trust's share of the employment C05t of staff who are also jointly employed by the Fi5hmongers' Company and also the Fishmongers, Company's Fi5herie5 Charitable Trust. The payroll is administered by the Fishmongers, Company and the appropriate proportion of the employment cost5 of the relevant employees Is recharged to the Trust. Adrninistration expenses relate to the provision of other administrative support services to the Trust by the Fishmongers, Company in connection with the operation and implementation of the objective5 of the Trust, the management of the Trust'5 assets and compliance with constitutional and statutory requlrements. Governance costs comprising an audit fee of £llk12023- £llkl are Included under thls heading. 24 | Page
The Flshmon8ers' Company'5 Fisherie5 Charltable Trust Note5 to the financlal statements Icontinuedl ANALYSIS OF STAFF COSTS 2024 2023 £000 £000 Salaries and wages Soclal security costs Other employment costs Total Staff Costs 246 233 28 26 62 58 336 317 1 There was one employee for whom the Trust's share of employee benefits excluding Nl and pension contributions was between £80k and £90k12023.' One between £70k and £80kl Staff Costs includes £138k 12023.. £129kl in respect of the proportion of remuneration lincluding Nl and pension contributions) of the Tru5t'5 Key Management personnel which was recharged from the Fishmongers, Companv. The proportion of staff costs that were recharged to the Trust represent approximately 4 people12023= 4.31. 9. INVESTMENT PROPERTIES 2024 2023 £000 £000 Value at l January Revaluation Value at 31 December 380 1801 300 450 1701 380 In December 2018, the Trust was gifted a share of a leasehold Interest in the City of London. The valuation at 31 December 2024 wa5 carried out by Clutton5 LLP, a firm of Surveyors with significant, relevant experien in valuing long leases in the City. The valuer wa5 a member of RICS. The valuation was paid for by the Fishmongers, Company, which a150 hold5 a Share in the lease.
•4 The Fishmongers, Company's Fislierles Cha¥itablè Trust Notes to the financial staternent5 (continued) 10. INVESTMENTS 2024 EOOO 3,877 132 1291 3,980 2023 £000 3,646 260 1291 3,877 Market Value at I january Reali5ed and unrealised gains Investment management fees Market value at 31 December Conslsting of.. Unrestricted funds Endowment funds Total funds 946 3,034 3,980 921 2,956 3.877 Investments In Unit Trusts are quoted at their Bid Price at year end. Investment management fees represent the Trust's notional share of fees charged to its hDldinES in collective investment funds. They have been calculated by applying the publlshed Ongoing Charges Flgure to a simple average of each fund's value (opening balance plus closing balance dlvlded by twol. Investment management fees are deducted from the capital of each of the funds held and the gains and losses shown in the financial statements have therefore been grossed up by the amount of the notional fee. 11. DEBTORS 2024 2023 £000 £000 Prepayment5 and accrued income 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 £000 £000 Accruals and deferred incorne Amount due to the Fishmongers, Companv Trade creditors 41 41 49 57 95 103
The Fishmongerg Company's Flsherle5 Charitable Trust Notes to the flnanclal statements l¢ontlnuÈdl 13. MOVEMENT IN UNRESTRICTED FUNDS 2024 Balance l January £000 Balance 31 December £000 Income £000 Expenditure Losses £000 £000 Income Fund: General Funds 1,848 1,848 1,095 1,095 11,6771 (1,6771 1481 1481 1,218 1.218 2023 Balance I january £000 Balance I 31 December I £000 Income Expenditure £000 Losses £000 £000 Income Fund: General Funds 1,821 1,821 1,609 1,609 11,5721 {1,5721 iioi liol 1,848 1,848
l The Flshmongers, Company's Flsheries Charitable Trust Notes to the flnanclal statements Icontlnuedl 14. MOVEMENT IN RESTRICTED FUNDS 2024 Balance Balante 31 December £000 l January Income £000 Expenditure Transfers £000 £000 l Mindfully Wired Simmonds Water Quality Simon Birch Memorial Fund 24 24 13 21 22 25 30 13 20 70 2023 Balance I january Income £000 £000 Balance 31 December Expenditure Transfers £000 £000 151 151 liol £000 Seafarers Donation Simon Birch Memorial Fund 13 21 22 21 13 30 The Slmon Blrch Memorlal Fund exlsts to support flsh research projerts at the Natvral History Museum in London. The transfer5 represent the 3mount of unapplied total return of the permanent endowment capital that wa5 allocated to income. 281 Page
The Flshmongerg Company's Flsherles Charltable Trust Notes to the flnanclal statements Icontlnuedl 15. MOVEMENT IN ENDOWMENT FUNDS Permanent Endowment Total Return Trust for Unapplied Total Return Total Investment Endowment £0 £000 £000 At l January 2024.. Gift component of the permanent endowment Unapplied total return Total at l January 2024: Investment return.. dividends Investment retUFn.' unrealised gains Total return in 2024: Unapplied total return allocated to income in 2024 Net movements In 2024: At 31 December 2024: Gift component Of the permanent endowment Unapplied total return Total 147 147 106 106 147 106 253 12 12 147 147 iii iii 147 iii 258 Trust for Unapplled Total Totèl Investment £000 Return £000 Endowment £000 At l January 2023: Glft component of the permanent endowment Unapplied total return Total at l January 2023: Investment return: dividends Investment return: unrealised gain5 Total return In 2023: Unapplied total retLJrn 311otated to income in 2023 Net movements in 2023: 147 147 86 86 147 86 233 20 20 26 161 20 26 161 20 At 31 December 2023: Gift component of the permanent endowment Unapplied total return Total 147 147 106 106 147 106 253
The Flshmongerg Company's Fisherles Charltable Trust Note5 to the flnanclal statements Icontlnuedl 15. MOVEMENT IN ENDOWMENT FUNDS Icontlnuedl Endowment Funds 2024 Balance I January Income £000 £000 Balance 31 December £000 Expenditure Gains £000 £000 Transfer £000 Permanent endowment Expendable endowment 253 258 2,738 2,991 1221 1221 95 2,811 3,069 loo 171 2023 Balance I January Income £000 £000 Balance 31 December £000 Expenditure £000 Gains £000 Transfer £000 161 Permanent endowment Expendable endowment 233 20 253 2,738 i 2.991 2,580 2,813 1221 1221 180 200 161 The Simon Birch Memorial Fund (permanent endowment) exists to support fish research projects at the Natural Hlstory Museum Sn London. The transfers represent the amount of unapplied total return of the perrnanent endowment capltal that was allocated to income.
The Flshrnongers, Company's Flsherles Charltable Trust Notes to the financlal statements Icontlnuedl 16. CONNECTED CHARITIES AND RELATED PARTIES The Trust shares Trustees with the Fishmongers, Company's Charltable Trust, which donated £871k12023: £450kl. There were no donatlOF15 received from the Trustees12023'. £920kl. A payment of administration charges of £50k12023'. £48kl was made to the Fishmongers, Company. At year-end, there was a balance due to the Fishmongers, Company of £49k12023'. £5kl. Employees of the Tru51 sit on the boards and the equivalent bodies of a number of the Trust'5 beneficiaries. Each position Is perlodlcally assessed against a risk management framework designed to ensure that such appointments are in the best interests of the Trust and conflicts of interest are appropriately disclosed and managed. Staff Member Benefl¢iary Posltion Held 2024 2023 Grant £000 £000 Andrew Wallace Atlantic Salmon Trust Vice President UK River Woods 30 io Missing Salmon Alliance Discretionary Grants Targeted Academlc Sponsorship 15 Atlantlc Salmoh Trust Total 54 14 Andrew Wallace Andrew Wallace Andrew Wallace Tweed Forum Director UK Rlver Woods 35 50 UK Seafood Federation (formerly SGHAI Director SGHA 65 Fisheries Innovation and Sustainability Director Good Practice National 25 42 Ocean Prolects UKOTS etc F15heries Innovation and Sustainability Total Judge, MSC UK Awards 25 50 Dr Eleanor Adam50n Marine Stewardship Council Industry Science 45 Fisheries Management Plans Marine Stewardshlp Councll Total All-Party Parlaamentary Group on Flsherles 52 Dr Eleanor Adarnson Dr Eleanor Adamson Expert Panel Chair Parliamentary Groups Targeted Academic Sponsorship NHM Simon Birch Fund 45 40 Natural History Museum Scientific Associate io Natural Hlstory Museum Total 14 Sharmin Rouf Fishing into the Future Observer Fisheries Management Plans Marlne Habitats Co-management 49 io 20 60 Fishing into the Future Total Seafood Grlmsby and Humber Alliance 69 70 Gavin O'Donnell Co-lead, Carbon Sub- Group SGHA 65