annual review 2016 - fishermen's mission€¦ · in market value of the investments. the frs...
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Annual Review 2016
Proud of our Past... Prepared for our Future
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The Chief executive’s Overview
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For several years, we have been following a strategic plan
to dispose of our costly Centre buildings and redevelop
our services to be either based in a welfare office or to retain a leased footprint in our Centres to provide a ‘mini Centre’.
During 2015/16 we disposed of our properties in both newlyn
and Fraserburgh, in December 2016 we disposed of the final Centre owned by the Fishermen’s mission in Peterhead.
We have retained a significant presence in each of these Centres but we are now free from the financial and time constraints of running such large, yet mostly underused,
facilities. we are now realising fully our plans to provide
a more mobile, reactive service to all our fishermen, both retired and active, and their families.
As part of these plans we have been able to respond to
increases in the need for our services in a number of areas.
in moray, newlyn, Fraserburgh, mallaig and Peterhead this
has resulted in the recruitment of part time Port staff to
provide a greater presence.
looking back over the year i can see the success of strong
strategic planning and careful budgeting that allows an
organisation such as ours to continue to be in a position
to meet the ever-changing needs of our active and retired
fishermen. As part of this development we have introduced the role of senior superintendents. By dividing the uK into
sector areas we have introduced a mutual peer to peer
support team that can share their experience and expertise
as well as plan national projects such as our health check
programmes.
I often travel to our fishing ports and communities and I remain extremely proud of the impact our staff can offer.
Their empathy and compassion, combined with a whole
range of solutions at their fingertips means that no one walks away empty handed of support, meaningful assistance or a
friend they can trust - for as long as it takes.
To all our donors, partners, supporters and volunteers my
heartfelt thanks. You are the very lifeblood of our work and
we cannot provide our services without you.
David Dickens
Chief executive
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in 2016 the Council of Trustees undertook a full strategic
review of the Fishermen’s missions’ activities. Pleased with its
implementation to date, we nevertheless feel that there is still
much to do to ensure that the Fishermen’s mission remains able
to provide the very best of services to our fishermen and their communities.
As we move forward the Council is keen to see more
preventative working and so we are especially focused on the
lifestyle of our active fishing fleet. We hope this will decrease the need for urgent intervention in the future and help us to
build strong relationships within communities and develop new
partnerships with other organisations that will broaden our
approach. With regard to our older, retired fishermen and their families we recognise that social exclusion and poverty are
areas that persist throughout the uK and that improvements to
this group will need strong partnership working to enable us to
continue to make a difference in their lives.
we know that we have set high expectations of our staff but we
are confident in their abilities. Progress is already being made in several areas.
one such area is the Data management Project which is
already underway and will bring about a new way of working
for us that will offer a quicker response to our beneficiaries
and a greater degree of protection regarding their personal
information. we are grateful to our partners for their co-
operation in this project and look forward to being able to
update you in the coming months. Further information on our
strategic Plan 2016 - 2021 can be found in this Annual review.
Finally, i would add my thanks to David’s. The Fishermen’s
mission exists entirely on the goodwill of our supporters,
donors and volunteers. our excellent team, with all their
commitment and expertise would not be able to offer such
a breadth of care and support without those that choose to
support our fishermen and their families.
Glyn Tonge
Chairman
Looking Forward –
The Chairman’s report
You can support the work of the Fishermen’s Mission by making a donation or volunteering to help, go to our website www.
fishermensmission.org.uk
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Follow us on fishermensmission or @thefishmish
We aim to make a life or event
changing difference to our
fishermen and their families
whatever their needs or
difficulties
Emergency Response 24/7, 365 days a year
nLooking after the survivors of
fishing emergencies or accidents
nHelping injured or ill fishermen
nProviding emergency assistance
to families of fishermen who have been killed or lost at sea
nMeeting the rescue teams and
helping with accommodation,
food, clothing and contacting
families
nOffering emergency grants to
fishermen and their families in times of need
Supporting active and retired fishermen and their families
nOffering Christian pastoral and practical
help across a range of welfare issues
nHelping to access grants to fishermen and their families from our partner
organisations
nAssisting fishermen and their dependents in times of illness or
distress
nProviding a full range of support in the
UK for foreign fishermen working in the UK industry
nActing as advocates for the welfare of
our fishermen and their families
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The Duchess meets Alishia
The Queen is the Patron of
the Fishermen’s mission and
we were delighted to be invited
to celebrate her majesty’s 90th
birthday at The Patron’s lunch on
12th June. Fishermen’s mission
beneficiaries and volunteers attended and we were thrilled when
the Duchess of Cambridge spoke
to Alishia williams, the daughter
of South Coast fisherman Pete williams and his wife Chantelle.
we’ve asked Alishia what the
Duchess said to her but have been
told that conversation was strictly
between the two of them!
By 2021 we will have...
n Enhanced our support to both active and
retired fishermen and their families
n Improved the collection, quality,
management and use of our data
n Extended our support to wider areas, both
geographical and occupational
n Provided, or worked with others to offer,
lifestyle improvements for both active and
retired fishermen and their families
n Improved cooperative and collaborative
engagement with others. At the same time
explaining to industry and beyond, our
work, our vision to 2021 and the relevance
of the Fishermen’s Mission
n Enhanced further the reputation and
the face of the Fishermen’s Mission by
improving the quality of our service and
the governance of our charity
Duchess of Cambridge meets AlishiaChantelle & Alishia Williams at the
Patron’s Lunch
You can read more about Chantelle
and Alishia on page 9.
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Overall Resultsx
Financial Year 2015/16 was another sound year for the Fishermen’s
Mission’s finances. A small operating deficit of £21,526 (2014/15: £869,311 surplus after restatement) was better than budget due to another exceptional year for legacies. To meet the requirement of Section 28 of the FRS 102 the final salary scheme Pension Fund income and expenditure are shown within the Fishermen’s mission’s accounts.
Minor improvement to the balance sheet position in the large part reflects legacies and increased investments.
Fishermen’s Mission Reservesx
During 2015/16, the Council directed a major change to the management
of the reserves that resulted in a move from an advisory approach to a
discretionary model. Following advice from the Fishermen’s mission iFA and
an assessment of a number of providers of Discretionary Fund management
services, sarasin and Partners llP were engaged to manage the reserves.
in parallel, the Council reviewed its reserves strategy and issued a new
investment Policy statement that established 5 key objectives for the
reserves, namely:
n To provide funds for the early stages of a major fishing emergencyn To generate revenue income for sustained operations
n To ameliorate short and longer term challenges to business continuity
(up to 2 years)n Provide the bedrock of the employer’s covenant to the now suspended
defined benefits pension schemen Provide resource for activities in support of strategic development
in light of professional advice, the emergency facility is now held as cash
on medium term deposit rather than in a low risk investment fund. From
september 2016 the remainder of the reserves is invested through the
sarasin Alpha Common investment Fund for endowments, with revenue
targets set and drawn on a total return basis. Through the Alpha Fund,
Trustees accommodate social, environmental and ethical issues where
performance is not unduly prejudiced. in this the Council seeks to avoid
our Financeinvesting in areas associated with increased levels of need and suffering
among the fishing communities.The Fishermen’s mission reserves investments experienced a satisfactory
net gain of just over 8.8%. The portfolio also generated £124,986 (2014/15: £129,251) in dividend/interest payments for revenue. Revenue income for the final quarter of the year was deferred due to the switch to Sarasin for management of the reserves.
The Net Movement of Funds for the year was £344,504 inflow (2014/15: £1,637,165 inflow) which has been transferred to the relevant funds. The Fishermen’s Mission free reserves at 31 October 2016 stood at £8,691,769. Free reserves available for use by the Fishermen’s mission are deemed to
be those that are readily realisable, less funds whose uses are restricted
or else designated for a particular purpose. The calculation excludes funds
invested in property and other fixed assets that will continue to be used in the day to day running of the Fishermen’s mission.
Retirement Benefit Scheme (RBS)x
over the year, the scheme Trustees, working with the Council, reviewed
and reissued their investment Policy statement. having taken professional
investment advice, the scheme Trustees also decided to adopt a
discretionary approach to the management of the fund.
Asset Class Performance for scheme year ending:
31/10/2016 31/10/2015 31/10/2014 31/10/2013
equities 22.49% 8.42% 5.80% 21.95%
Fixed interest 9.73% 1.77% 4.29% 10.57%
General/other 3.55% 7.17% 5.15% 2.58%
rBs scheme return 10.86% 5.73% 5.22% 15.98%
Benchmark return (FTSE WMA stockmarket income Index)
13.21% 4.76% 4.88% 11.33%
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summarised Income and Expenditure For the year ended 31 October 2016
utilising the professional services of Barnet waddingham llP,
Trustees considered formally a number of prospective institutional
Fund managers, ultimately selecting legal and General llP to
take on management of the fund during the financial year 16/17. Overall the fund balance is £9,861,438 an increase of £462,601 on the previous year. The increase is primarily due to the change
in market value of the investments.
The FRS 102 valuation on 31 October 2016 saw an increase in the scheme’s deficit by £364,000 to £953,000 (2014/15: £589,000).
Reserves Policyx
As the Fishermen’s mission has a relatively small level of
discretionary expenditure within its annual outlay, to ensure
business continuity the aim is to maintain the charity’s free
reserves at a level of approximately two years operating costs
of £4M. This level of reserves also underpins the covenant for the rBs pension scheme, on-going strategic restructuring of
the Fishermen’s mission through to 2021, generation of revenue
income and provision for a major operational emergency. The
reserves Policy is reviewed annually.
2016 2015
INCOMING RESOURCES
£,000 £,000
Incoming resources from generated funds:
Voluntary Income: Donations and Gifts 1,487 1,452legacies 957 1,272 investment income 106 92
Incoming resources from charitable activities
income from Catering and Accommodation 98 146 Charity shop 43 38Net realised gain on sale of fixed assets (2) 478
rental income 46 39
TOTAL INCOMING RESOURCES 2,735 3,517
RESOURCES EXPENDED
Less: Costs of generating funds
Fundraising and publicity 822 799 Charitable Activities
Charitable expenditure 1,935 1,849
TOTAL RESOURCES EXPENDED 2,757 2,648
neT inCominG resourCes
BeFore TrAnsFer (22) 869unreAliseD GAin on invesTmenT AsseTs 701 293ACTUARIAL GAIN/(LOSS) ON DEFINED PENSION SCHEME (335) 475neT movemenT in FunDs 344 1,637
TrusTees’ StAtEmEnt
The summarised financial information shows the income raised and expenditure of the Fishermen’s mission for
the year. The information is taken from the full financial statements which were approved by the Trustees on 21
February 2017. In order to gain a full understanding of the financial affairs of the charity, the full audited financial statements, Trustees’ Annual report and auditors’ report
should be consulted. Copies can be obtained from the
charity.
Signed on behalf of the Trustees
Glyn Tonge, Chairman Board of Trustees
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Fishing the Broch
Meet Miriam Kemp, the Fishermen’s Mission Superintendent at Fraserburgh.
Miriam hails from a fishing family and growing up in a fishing port means she understands the tough life our fishermen lead. Miriam comments,
“It’s a precarious occupation. The weather is atrocious most of the time. The winters are
severely harsh. 2015 saw the loss of five boats and five lives from Fraserburgh alone. Not everyone understands the cost paid by fishermen and many do not value enough the vital food stuff these guys bring us”.
Today Fraserburgh is the largest shellfish harbour in Europe. It is home to over 130 boats catching mostly
prawns and crabs and a further 14 pelagic vessels fishing for herring and mackerel. Add to this a large number of
retired fishermen and their dependents and you have a heavy workload for our Fraserburgh Port Team.
The day begins at the harbour calling on local and visiting
boats. miriam will also chat with the Filipino, sri lankan
and Ghanaian crew members. she works closely with
Fishermen’s mission volunteer outreach worker sylvia in
caring for these fishermen who are thousands of miles from home. Later there will be welfare visits to fishermen who are unable to fish due to illness or injury and to the many retired fishermen and their families along the 130 miles of coastline covered from Fraserburgh.
miriam describes her work,
“From day to day banter with fishermen at the harbour, befriending retired fishermen, providing basic needs for fishing families struggling financially, caring for those suffering heartfelt loss and grief, no two days are ever
the same and the work can be very testing at times. But
serving fishermen is in my blood and I wouldn’t want to do anything else”.
Miriam tells of one such visit to a retired fisherman’s widow whose husband had recently died. Funeral costs and loss
of benefits had plunged her into debt. Miriam was able to give sound advice, arrange long term grant funding from
the shipwrecked mariners’ society and to be simply a
friend and a shoulder to cry on at such a heartbreakingly
vulnerable time.
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Chantelle williams speaking
about the true price paid
for fish by the wives of UK fishermen. Chantelle continues,
“not many people realise the
hard, hard work and draining
emotion that fishing families come up against on a daily
basis. Constant, often paralysing
worry, wondering if Pete is ok, if
the boat is ok, if the weather is
stormy.”
You will regularly find Chantelle at the quayside, helping
unload and sort Pete’s catch
before selling the fish to local businesses and residents. But
Chantelle also speaks of when
she and her eight year old
daughter Alishia have made their
way to the harbour to find Pete’s boat has not returned.
“The anxiety gnaws away at our
insides. The evening turns to
night and the daylight fades, we
peer long and hard into the inky
blackness. we know he should
be here but he isn’t. The hours
tick by and eventually we pick
out two tiny lights on the horizon.
Pete’s boat is on its way home
and our relief is overwhelming.”
Fishermen’s wives never know if
today will be the day when their
husbands do not come home.
how many other peacetime jobs
are there in the uK which place
this much anxiety and stress
upon the family?
“Every day I kiss Pete and tell
him to have a good day at sea
because I never know if I’ll see
him again.”
For the love of a fisherman
The Sarah C and the Lobster Pot Christmas Tree 2015 created by
Pete & Chantelle to raise funds for the Fishermen’s Mission.
Chantelle & Alishia selling fish fresh off the boat
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The patronage of Queen elizabeth ii was
granted on July 24th 1952 and we are both proud and humbled to be one of only approximately
600 charities to be honoured in this way. we are
thankful that the Queen’s patronage adds the
highest level of integrity to the services we deliver.
The Queen always shows a keen interest in our
work and the pictures on this page record the
regular visits made by her majesty to Fishermen’s
mission Centres around the uK coastline. we
were also deeply moved to receive a letter from
her majesty offering her best wishes as we
strived to support fishing communities during the winter storms emergency in 2014. We have also enjoyed greetings from The Queen on other notable milestones throughout our
history.
The Fishermen’s mission is regularly represented at royal
events such as the annual garden parties and we were
thrilled to be invited to celebrate the Queen’s 90th birthday
at the Patron’s lunch on June 12th, when a number of
beneficiaries, volunteers and port staff were in attendance. A gift of £2,500 was made to the Fishermen’s Mission from The Patron’s Fund and this is being used to help with the
redevelopment of our mini centre in Peterhead.
in the year 2000 The Queen spoke in her Christmas
message of the life of Jesus Christ, and how the great
emphasis of his teaching ‘was to give spirituality a
practical purpose.’ This emphasis is echoed today in the
compassionate Christian care of the Fishermen’s mission to
those in need.
our royal Patron
Go back in time to Balmoral in November 1887 and you will
find Queen Victoria doing exactly what you are doing now,
reading about the work of the Fishermen’s Mission. This led
to Queen Victoria becoming our first Royal patron and we
became the Royal National Mission to Deep Sea Fishermen.
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9,658
Welfare calls made by
our Port staff
216 Funerals conducted
103,044 Miles covered delivering
our services
3,335 Active fishermen visited
194 Fishermen assisted following
emergencies at sea
157 Children of fishermen helped
2,574 Beneficiaries in receipt
of welfare grants totalling
£975,784
4,507 Fishing boats visited
2016 at the Fishermen’s Mission:Christian outreach in numbersFor every £1 generated we spend 88p on providing our services
we receive no government funding or lottery support so every single donation makes a real
difference to us. You can make a donation by calling FREEPHONE 0800 634 1020 or donate
online at www.justgiving.com/rnmdsf or post a cheque to our address at the bottom of the
page. 88p of every £1 generated is spent on providing our services.
we are always grateful for the help given to us by our dedicated volunteers.
if you can spare a few hours each month do get in touch
FREEPHONE 0800 634 1020
or email [email protected]
everyone wants to ensure that friends and family are well provided for if you are writing or
updating your will. however, just a small gift to the Fishermen’s mission can make all the
difference to our work and ensure that your help continues.
If you would like a legacy leaflet call FREEPHONE 0800 634 1020
or email [email protected]
If you would like to find out more about the work of the Fishermen’s Mission or you would like to speak to one of our team about how you can help you can:Telephone: FREEPHONE 0800 634 1020 or 01489 566910Email: [email protected]: www.fishermensmission.org.uk
The Fishermen’s mission
mather house
4400 Parkwaysolent Business Park
whiteley
Hampshire PO15 7FJ
Follow us on Facebook and Twitter (@thefishmish)
Thank you to all our partners,
donors, supporters and volunteers
who worked with us in 2016