REGISTERED COMPANY NUMBER: 05051506 {England and Wales> REGISTERED CHARITY NUMBER: 1123285 GHARITY REGISTERED IN SCOTLAND.. SC041584 REP TOFTHE RU TEES AND NAN AL TEMENT R THE YEAR ENDED ECEMBER 2024 WILD FISH CO SERV ON MPAN LIMITED B GUARANTEE Langdowns DFK Limited Slalulory Auditor Kingsgale House, Norih Wlng. Ground Flo Newbury Road Andover Hampshire SP10 4DU LLI FISH CONSERVATION ENTS OF THE FINAN IAL ATE TS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report of the Trustee8 10 13 Rèport of the li)dopendènt Audltor8 14 10 16 Statement ol Flnanclal Acllvlt1•8 17 Balanc• Sh6frt 18 Ca8h Flow 8tatomeiil 19 Nolos to Ihg Cash Flow Statemont 20 Nol•s to tho Flnanclal Stalemènt8 21 to 31 Detalled Statement of Flnanclal A¢tlvltle 32 10 33 WILD ISH COMSERVATIO REGISTERED NUMBER: 05051506 REPORT FOR THE USTEES DED 31 DECE EARE R 2024 The Twslegs of Wlld Flsh COr￿￿allOn (WlldFlsh) who are also direclors of the for the purposes of the Companle3 Act 2006. present thelr r8POrt wilh lh6 financial slalemenls of Ihe charity lor Ihe year endod 31 Decemb8r 2024. The Trustee5 h8v8 8dopled Ihe provlslons of Awounllng and Repurtlng by Charltles: Slalement of Rgcomm9nd8d Pfa¢li¢e applic8bla lo charilles preparing Iheir accounls in accordanc8 with the Financial Reporting Slandard appllc8ble In Ihe UK and Rgpublic of Ireland {FRS 102) (effeclive 1 January 2019). OBJECTIVES AND ACTIVITIE8 WlldFlsh's Charltablè Oblectlves 1. To promole for th8 publlc benefit Ihe ¢onservallon. proleclion and sustainable explollalion of salmon, Iroul and other fish stocks of Unlled Klngdom origln, and Ihe conse￿all0n and Improvement of the aqualic environment and ecosystems n8c8ssary for them lo Ihriv8, 2. The advancement of publlc educallon Tdatlng lo Ihe rA)nservalEon of the aquallc envlronment and the Int8racllon bet￿e￿n human belng8, tho envlronmfjnt and flsh. whether Ihrough angllng or olh8NAse: 3. To promote lor the publlc ben8fi1. knowledge of Ihe aquallc envlronment and Identificatlon of and respect for Its dependenl sped$$, In¢I￿lIng flsh. vthelher through 8n4lng or olherwlse; 4, To promote research and lo publlsh Ihe us8ful r83ulls Ihweof In respgct of th8 factor8 affeellng tho nalural and artlflclal reg8nerallon ol Salmon, Iroul and olh8r fl$horf85 In Ihe United Klngdom indudlng the g6neral erology ol rlvgr calchmenls and th6 mgrlng envlronmenl and the effect ol commerc4al. induslrlal and land manag8menl praclic6s on equallc ecosyslems. WlldFlsh'8 Work Our charflable aclivlli8s have been agr8ed after consldeTalion for th8 widest posslbl8 publlc benefit that can be achlev6d through our work. These fall Inlo l¢JJr maln calegorfes: Mgnagemenl and conservallon of tho aquallc envSronment. bolh fr68hwatgr and marln8 M8n8gemenl and conservallon of 811 fish specles of UK ortgln Selenlifio Research inlo rel&vanl issues to support lh8 Charivs advlsory and Inlluenclng work - Educatlon Page 1 ILD FISH CONSERVATIO REGISTERED NUMBER: 05051506 RE FO ORT OF THE TRUSTEE THE YEAR ENDED 31 DECEMBE 2024 INTRODUCTION WlldFlsh was 8slabli$hed In 1903 (originally as lh6 Salmon & TroLJI Associ81ion, then Salmon & Troul Conservation) lo addr8SS thg damage donts lo our rivets by the pollullng effects of tho Industrial R8volullon. Slnce then, WlldFlsh has worked lo protect fisheries, flsh stock5 and Ihe aqualic environment for Gurrenl and lulur8 gÈneralion5 whether of anglers or Ihe wld8r public. In March 2Crf)8, WildFlsh was granted charllable sialus, prlmarily becaus8 we wero able lo show that Ihe b8nefils of our work went far w5der ihan just our membershlp or historic largel audiencè. Public benefit is a major focus, In that WildFlsh's charitable objectives pemlt tho use of Ils professlonal Influenclng and scientific skdls lo address all issues affecling Ihe managemenl and PFoleclk)n of salmonid and other fish specles of UK orlgln, as well as the walgr. and Iho envlronment upon whlch Bll aquall¢ Ilfe depends. It ben&flls 8veryone who has an Inlerest in th8 ¢uffent and fulure wèllbeing of our rivers. lakes and wellands ané the many vaTl8lles of wlldllf8 Ih8y support, WildFlsh'8 publlc benefit has been enhanced slnce 2009 by m8mb8rshlp of. and conlrtbullon to, Ihe Wlldlif& & Counlryslde Llnk, an umbrella group of 86 envlronmental charftle5 wllh a comblned membershlp of over 8 mlmlon people, and Ils slsler org8nl8atlon ln Wales. Welsh Envlronmenl Llnk. Wo support all our policies wllh sound. peer-reviewed sclence, ellh&r from our own resource8 or Ihrough our numerous partnershlps wllh other Ilke-mlnded oiganlsallons, ￿d, If needed. legal advlce. Those are bolh vllal factors In conlgmporary pollcy and declslon-making processes; the Ilrst lo ensure Ihal our conclu81ons ar8 backed by credlble 8clence. and Ihg Second to remlnd Governm8nls and ag8n¢lo$ of thelr slalulory rgspon8lblllll8s towards the gquallc envlronmonl and Ish slock conservallon, WlldFlsh also has a long history of educaling people from all backgrounds and ages. nol only In learning how lo fish bul also In a broad underslandlng of the aquallc envlronmgnt. (￿r SmartRIv6rs Inlllaliv8 tralnB volunleer clllzen sclènllsls lo monltor and Idgnllfy 8quallc Invert8brales to spec185 level, thereby allowlng them to analyse Ihe water qu811ty In th81r local rivers and gaug8 the health of Ihelr ecosystems. W8 publish educational reports and sclenlific lileralure reviews on our web slle. We bellave Ihls has trnportanl soc4018s well 85 envlronment81 benellts lo the pub15c who will beno111 from 8 grealar underslandlng of Ihe issues involved in th8 aquatic environment. As a resull. Ihéy wlll havè a b8ller apprecialion In Ihelr personal Ilves of lh8 Importance of a heallhy onvlronm8nt and how Ihoy can help achleve11, The Charity complSes wllh Its dulles as requlfed in S8clion 4 of the 2006 Charltles Acl and pays du8 regard to guldance publlshed by Ihe Charity Commisslon. 81way8 acliNJ for the bBn8fil of the publ1¢. Page 2 WILD FISH CONSERVATION REGISTERED NU BER: 05051506 REPO FOR FTHETR TEES YEAR ENDED 31 DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Report of Operatlons for 2024 We group our worf( into lour workslreams which embed our charitable aims. Th8sè workslreams are pieces in a Jigsaw wher8 Ihe whole Is g￿8(er than th8 sum of the parls. SmariRlvers - collecling re81 evidenca Waler Aclion - uslng the evldence to deal with pollulion, abstraclion and barriers Salmon fanning - challenging one main Ihreal lo wild salmon which we can do somelhlng aboul Off Th8 Table- Influenclng consumers to stop eattng farmed salmon We have made progres5 in all of our work slreams Ihanks lo Ihe tremendous hard work and Ingenuily of ouf slaff coupled wilh resolute support from our members. donors and oihers, including watery NGOS. Much of our woik relies on 8clenc6 and enhancos publlc undetstandlng by educatlng and Snformlng on the Issu88 we lacklo. SrnartRlvers SmartRSvers Is our clllzen-sclence development ol Ihg Rlv8rfly Census Iralnlng volunteers lo sample and Idènllfy aquallc Invertobrales to piovlde the dala lo esIa￿lSh the health or olhetWi5e of their local rlver8. Our monilorlng Is vllal lo fill a gap l&ft by Environment Agency (EA) cuts. Belwe8n 2019 and 2022, th8 EA slashed its own moniloiin9 by over a Ihlrd. We mad8 (Urlher strong progress In 2024. To dale. SmartRlver8 monlloring has covered 129 river8 and In 2024 alon8 monllored 228 sltes across England. Sco118nd and W8188. We have ddlvered over 5.7SO volunteer ITalnln9 hour8. We have had meéllng8 wilh SEPA lo Inv88tig8le opportunitles for Ihgm Io u8e Sm8rtRtver8 dala and are walllng for lollow up wilh relevanl lechnlcal specialisls. A SmartRiveTS calchm8nl pllol is belng e8laNlsh8d wilh lh8 Envlronmenl Agency to mov8 forward SmartRlver8 da18 Inlegrallon. We have und8rlaken imporlant developmenl work.. we have idenlified néw 8nalysls for SmartRiv8rs sample analysls s8Nl¢e', developed 'besl practice, vldeo 8ssely of both Irainlng days to train n8w Irainers,, and wo h8v8 complete SmartRlvers rlsk a$sessm8nl work - proj8cl manual and project mapping resourc8. The8e four case sludles Irom 2024 lknstrate the wlde applkallon of Sm8rtRlvers. l¢al W618 Thg We18h 080 Twst establlshed a SmartRlvgrs hub In sprfng 2021. Thgy Inlllalty 8lgnod up to monltor Iho Rfver Alyn bul have sln¢e expanded lo cover the RIv8r Celrlog and vartous brooks in the Ajdlord Brook calchmenl. They lolned SmartRlvefS lo bvlld long term datasets on th8 condltlon ol Iho rlvers whlla varlous schemes are undertaken lo Improv8 water quality and flow in Ihe afèa. The data collected 80 far has shown con8lsl8nt chemlcal pressures throughoul much of the catchment, partlcularly In the autumn samp19$. Wè used Ihls data as evld8nce In a request lo see the records kept by Ihe Health and Safety Execullve {HSE) ol pesliclde applicallons by famièrs. The HSE refused our requesl, but Ihe Inforrnalion Commissloner has ruled In our favour. Thos8 records will likely provlde èvidence of inadequato regulalion and wll form the basls for us lo Seek urgent reform8 to protecl rlvers from mlsus8 of pesliddes. cl In 2019. Wlllshlre Flsherl85 Assoclallon s81 up a SmarlRiver8 hub. They inillally covèred th8 rivers Avon and Wylye bul have slnc8 Included Ihe Nadder and Tll. Thè hub lolned over concems Ihe Avon wa5 decllnlng In quaNty In front of Ihelr eye8 and was a shadow of Ils former self, but no actlon was bekng taken because the river was slill classified as 'good'. The SmarlRlvÈrs dataset has resulted In regular workshops and meellng5 wilh Ihe ILK81 EnvlTonment Agency. lo share data and Invesligale opportunllles lo Improve the slate ol Ihls once flourfshlng chalk slream. An example of how th15 collaborallon can work Is al the Ham H8lches site on the Avon. where the EnvlTonmenl Agency commissloned addlllonal sonde monltorlng io InvesllgBlo concems raised frijm our resulis. SmarlRlver8 data Is now collected 8t 12 sltes twlce a year on the Avth-a hlgher spallal and lempoT81 resolullon than Ihe Environm8nl Agency. It Is showing that tha Avon has InGTeaslng chemlcal stress exhlb118d by the Invertebrate communities In aulumn and decllnlng Invertebrate nw)bers o¥erall. The data Is belng used lo Investlgale the Impact of fish farms and sewage Ireatrn8nl works on the river. Pa￿3 WILD FISH CONSERV TION REGISTERED NUMBER: 05051506 EPORT OF THE TRU TE OR THE YEAR ENDED 3 DECEMBER 2 24 Monl orl cc f In-rlv r Beverle Brook B8rngs Common are conducting various in-slream habitat vH)rf(s on the Beverley Brook. They eslablished a SmartRlvers hub in 2023 and h8va chosen lo use Sm8rtRivers moniloring to do a before and after study lo see how lh8 rlver responds to Iheir inleNenllons. Tho 'before' water quallty scores on th8 Boverloy Brook Indlcale mod8rate to very hlgh Imp8cts across most of our monllored stressors. Thls Is a heavlly ImpaGled urban river. We wlll conllnue lo monllor th8 rlver to assess the knpacl as w(Yk progress8S. ast 81u Thanks to SmartRlvers data w8'v8 been able lo wrlle to the Envlronmenl Agéncy to nollfyll under Iho Envlronmenlal Damage Regulallons 2015 for damage to Cunsey Beck. In 2023. Malt Sl8nlek. Dlreclor of Save Wind6imér8. founded a SmartRlvers Hub In Ihe Wlnd6rmgre calchment. Mall was concerned by the lack of Independenl moniloring being conducied in lh8 catchmBnl downstream of United Ulililies, essols. Ihereforo lh9 Hub'8 sampl8 slles are prlmarlly seleclod to 8sse88 th8 Impact 8ew8g& Ir8atrnfrnl works Org havlng on the rlvers Ihal flow into Ihe lake. SmarlRivers data In 2023 showed Ihal Ihe heallh of evèry river sampled In the Windemiere cal¢hment was impacled by Unlled UIIIIIIos' 8ssèls. The abundance of pollullon sensltlve rfvèffly sp8cle8 was lound lo be lower below Unlled Ulllllles, waslewaler Irealmenl works when compared ￿1h above. Bulldlng on the resulls for Cun5ey Beck, In 2024. we used th8 data lo write lo the Envlronment Agency lo nollfy11 under the Envlionmenlal Damage Regulations 2015, Ihat environffl8nlal damag8 had been caused and Ihal 11 musl ordèr Unlled Ulllllles to tske acllon to prov8nt and remedlale the damage. Water Actlon Watèr Acllon Is aboul drlvlng ch8ng8. We usè the evld8nce from SmariRlvers. the wider stl8niific community, and the law, lo underpln our campalgnlng work lo laGklg Ihe Issues of waler supply, pojlullon from $ew8ge and familng. battlers lo mlgrallon and other Ihreals. In December 2024, In response lo our lomial complaint, Ihe Office lor Envlronmenlal Prolecllon agreed wilh us Ihal o￿al. Ihe Environmenl Agèncy and D8lra have all lailed lo impl8menl Ihe law on sewaga Irealmenl, allowing waler ompanles lo pollute Engllsh Tlvers unlawfully for years. Thls Is the blggest breakthrough In prolecllng our rlvers from sewage slnce Prlvallsallon Son￿ 30.(xJd years ago. We made hlslory in 2021 wh8n our complaint lo the Office for Environmenlal Proleclion led to Ihe announc8menl of Ils rir81-ever invésligallon Into the règulalion of combined sewer ovefflows {CSOs) by Ihg EA, Ofwal and Defra. Threa years on, In December 2024, 11)e OEP upheld our ¢omplalnt. It has Issued fofm81 Declslon Nollces to each ol lh8 Envlronmonl Agency, OFWAT and Defra, Concluding ihal Ihey have broken Ihè law on s8wage pollution, as WildFlsh said Ih8y had been, and requirlng them oach to spell out wllhln 2 monlhs how they wll now comply wllh th8 law. 11 Is now dear that O￿al has a duly to dirèctly enforce the law on séwagè Ireatment standards for water companies Ihal dates back 10 1994. whlch it has failed lo do over decades. The Envlronmenl Agency also has to secure compllance wllh thal 1994 law by Ilghtenlng the terms of Ihe permlls 11 issue$ lo water companles under Ihe Envlronmenlal Permilling Regulalions 2016. As WildFlsh has been polnllng oul, most pennlls Issued lo water companles do nol currenlly reslrlct raw 86wage overfvw dlscharges lo excepllonal wealher. Where works can be carried oul. which W￿ld nol requlre excesslve Costs, the Environment Agenryfs under a dear legal duty to amend pormits, and in eff8cI lo requlre Ihose works lo be carised oul. In 2025 and b8yond. wo will be walchlng. Pag8 4 WILD FISH CONSE VATION REGISTERED NUMBER: 05051506 REPQRT OF THE TR FOR THE YEAR ENDED 31 DECE R 2024 dm ers Measures Bl Wè wgre very successful In labllng amendmgnts to Ihg Walei (Sp8¢181 Measur8s) Blll a811 pas$8d Ihrough the House of Lords in autumn 2024. Many relevant amendments were tablod by peers frorn all polilical parlles, as well as ossbenchers. on bÈhalf of WildFlsh. One iabled by Bafoness Rosie Boycoll, woukl, if il had becom& law, requlre water companies lo proactively publlsh effluent and sewage Irealmènl data and ensure Ihal water companies always remain 'publlc aulhoillles. for the purposes of the Envlronmental Informallon Regulation5 2004. Others address sEw&ge pullullon, over-abslracllon, plannlng mallers and the roles of the En￿rOnment Agency and Ofwal. Our amendments received supporl from Conservative. Labour and Liberal peers as well as crossb6ncheTS. Unfortunate￿, the Governmenl's larg8 malorlly means our stedlng work has Ilttle chance of leglslalive success. on In rlv We demanded Ihal Ihe UK Government and dgvolved admlnlstrallon9 revlew thelr conservallon pollclès lor melapopulallons of wlhd Allantlc salmon. Thls came after an Envlronmenl Agency report showed that Ihe same populatlon of salmon 8xlsls across the rivers Ilchen, Tesl and Meon. whllè only the salmon enlering Iha Ilchen are afforded PTolecllon under law as a deslgnaled sp8cle8 In the Ilchen Speclal Arèa of Con88Nallon (SAC8). Thls move would have Ihe effect, 81 a slTok8. of greally Inc¥ea$lng lh8 Nmber of rlver8 Ihroughoul tho UK that are covered by Ihe slriclesl legal proleGlions for salmon. Spedficalty, WlldFish believes thal the UK Governmonl musl now, al the very leasl, deslgnale Ihe T8sl and Meon as SACS. bul more wld8ly, all Ihe govemmenls of lh8 UK musl now considér olher localions where slmilar metapopulÉlions of salmon are spread acfosg sev8r81 rivers, all of whlch will Ih6n need 81rongèr legal prote¢lloD. barrlo and rovln flsh assa We challenged lh8 now $8¢relary of Stale lo pass Much delayed Flsh Passage Regulation$ lo prolèct and feslore populallons of all mlgralory specles of Ilsh. These draft Regulatlons have beèn prtjnlsed many tlmes by the government but have nol yet made It lo the slalule book. We l)ave also made a parallel ieferra5 to the Ofnco for Envlronmenlal Proleclion on Ihe failure lo pass Ihese dr811 Regulalions and the impli¢alions Ihal th15 has for the UK'S compllance wilh the Water Framework Direcllve (now asslmilated law in Ihe UK). In We have been very acllve In lackllng abslracllon partlculgrly In relallon lo Soulhem W8ter's abject fallure lo reducg Ilchen and Test gb.8lraclion, On Ihe back of this and in the Ilght of Ihe new Govornmenl's emphasls on housebulldlng, we have wrtil8n to Engllsh plannlng aulhorilies, queslionlng11 Ihey requlre there to b9 evldenc8 of 8ufficlenl walgr resources and consldorallon ol the Impacts of abslracllon on rlvef8. a8 well a8 sufflcl8nt 8ew8ge trealmenl capaclly, whgn conslderlng granllng plannlng p8rmlsslons for new houslng developmenls. s¢ toc We challenged lo Ihe role of Inl8grated Conslrucled Wellands lo ensur8 that where thes9 are d&ployèd. Ih8y wlll aclually dellver Ihe promised reductions In pollullon. SCIentif￿ evldenrA is widety lacking Ihal demonslralos Integrated Constructed Wellands belng 8b18 to provSde nulrlent removal, rA)nlrlbule slgnSllGanlly to nulrlenl neulrAIIty and lo calchmanl nulrienl management. yel Ihey are growing In popularity and arè belng put forward as solullons In many localions wllh(iul necessarlly Ih8ir efflcacy being proven. We are worklng wilh acadomics and uoqlng org8nis8llons responsible for nulrienl miligalion lo relh5nk Ihelr use and b8 clear about whal these constructed w8llands can and cannot d8llver. cas8 lu The River Wye has b8en 8uffertng Irorn pollulion from Inlensive poullry units. In 2024 w& sought clarillcallon Irom Powys Councll, in wh08e area this la118, 88 to wh&lher11 was now laking inlo account Such pollulion rather than le8vlng il lo other r8gulators when granllng plannlng pgmilsslon foT new unS1s. Thls follows the Suprem6 Court declslon In Flnch, whlcli, when applled lo the poullry Industry, requlrBs a more detalled conslderallon to be glven by Counclls to Ihe end polnt for chlcken mgnure dispos81 and pollulirm rlsk. Pagè 5 ILD FISH CONSERVATION REGISTERED NUMBER: 05051506 EPORT O FOR THE THE TRUSTEES EAR ENDED 31 DECEMBER 024 Salmon Farmln WlldFlsh Is tho only wlld nsh c4Jnservallon charity In Scolland and Ihe UK campalgnlng to ck)se Ihe open.net salmon farmlng Induslry. We work wllh local communlly groups lo oppose appllcalions lor new salmon farms In Scotland's coastal waters. We work wlth national p8rlners to hold Iho Industry. Scolllsh Government and regulaloTS lo account for environmenlal damage caused by open-net salmon farming, We use Ihe law lo hl9hlight where Ihe nalional legislallon and regulallon 1$ inadequale or nol prop8rty enforced. Our woTk includes th8 hospitality campaign Off the lab18, calling on clief8 and reslauianls to stop serving op8n-nel larmgd salmon In the UK and globally. S¢le We publlsh8d a peer-r8vl8wed stallstieal analysls of curfenl sea Ilce counling requirem8nls In Aqvacullure Joum81. Thls paper found Ihat S8lmon f8rmlng operalors should b& counting sea Ilce on more fish. Wè also published 8 modelllng paper. whlch Indical6s that Ihgre may be 8 ri8k to wild Atlanlic sglmon 8molls migratlng from easl coasl rivers18nd sea trou1> ffom sea Ilce on fams In the Northern 18188, and an updated IlleTalure revlew of the 18le81 research on envlronmenlal Impacls of salmon farmlng. Through 2024, WlldFlsh conllnued to provlde support and advlce lo communlty groups and Indlvldu81s advoc8llng for Stronger marine prolecllon and oblecling to new lami applications wtlhin Iheir waleT8. ObJecllons gubmilled and supported Include: Sh8tland Orkney Gloha Skye Ullapool We submitted a delalled fegponse lo a consultellon on Orkney Coun¢il's naw marine plan In Oclob8r, in coll8bofallon wllh local parlners. We also held an evenl In Ullapool In March, bringing log8lher members of the community concerned about the expanslon ol the salmon farmlro Industry, both locally end natlonally. Morg Ihan 50 Scolllsh communlly groups and buslnesses supported our nallonal ¢amp819nlng work In 2024, Includln9 Ihrough slgnlng on lo our open letter$ to Ihe Soil Associ81ion In January and tho Cgblnel Se¢relary lor Rural Affalrs and Islands In November, as well as 8ubmllUng oblecllons to Salmon Stoll8nd's PGI appllcfjllon, We work c10881y wllh a number of communlly umbrella organls8llons In S(x)Iland. Includlng C08Stal Communllles Network (CCN) and Our Sea8. GrÈonwaB and certlllcatlo Exposlng gi8enwashlng lactlcs used by Ihe 8almon 18milng Induslry io promot8 farmed salmon 8s a suslalnab18 fish h88 been a kèy component of our WOTk over Iho pasl two years. At the end 012023 we submilted a detBiled fonnal rAxnplaknl to th8 Compelillon and Markels Aulhorily (CMAI as pBrl of its invesllgalion Into 'greenwashing' in relation lo consumablg goods Induding food, focuslng on claims of 8uslalnabllily madè by Ihe Scottish salmon farmlng Industry Irade body, Salmon Scolland. Across 2024 we conllnued to hlghllght the shortcomlngs of cerflllcatlon scheme8 for faim8d salmon, and Ihe ro18 these play In Ihe greenwashlng of the industry. This advocacy work buill on our 2023 repori. Responsibty farmed? which Invesllg8led the cerlifi¢alion ol S¢oiilsh fam)ed salmon. whlch highllghled serious shortcoming$ in certifioalion slandards. Including a lack ol enforcement when slandards are breached. In January 2024. WlldFlsh coordlnated an open leller to Ihe Soll Assoclallon, calling on the organlsatlon to slop certlfylng farmed salmon as 'organlc'. Thls was co-signed by 30 community groups and NGOS. from Seolland. Ihe wider UK and Snleinalionally, and achieved media coverage in Ihe Guardlan, The Tlrnes and Tho Nalional. Page 6 WILD FISH CONSERVATIO REGISTERED NUMBER: 05051506 REPORT FOR THE USTEES DED 31 DECEMBER 202 Afler publicalion of Ihe letter, and a subsequenl meeting wilh Ihe Soil Associalion, the organlsation conflrmed il would be onducllng an urgent internal r8vl8w Into Ils oryanlc aquaculture standard. wilh flnding8 due by J8nuary 2025. W8 Also continued lo call for RSPCA to end 118 carlificallon ol fanned salmon Ihrough the RSPCA Assured scheme, Provldlng commentary lo Ihe national press in August whèn it emerged thal Loch Duart, one of Ihe first salmon farming companlas to achleve RSPCA Assured cerfificallon, was leavlng the scheme. Scottlsh arllament In In Junè, Ihfr ScolllGh Padigment's Rural Allairs and Islands (RAII committeè launched a follow.up inquiry Inlo sglmon fannlng. looklng at Ihe progress {or lack Ihereoo mad8 slnce lh8 2018 REC Inqulry and subsequent recommèndatlons. WlldFlsh was bahlnd these orfglnal InqulTles. WlldFlsh 98V8 oral evldence at the ftrst sesslon of Iha Inqulry, hlghllghllng the lack of progress made by Ihe salmon farmlng Industry on a range of key envlronmenlal Indlcalors, Indudlng sea licè numbers and reporling. ch8mlealB use and escap88. Our complalnt lo ESS on SEPA'S Sea Ik8 regvlalory fraM￿l0[k was ref8r8nced by 8 number of MSPS durlng Ihe Inqulry. We also hlghlighled the lack of a comprehenslve cosl-benefil analysls Ihat quanlifies Ihe nel benefit of Iho salmon f8rmlng Induslry in Scolland. Llnked to Ihls, In November WlldFl8h coordinaled an open lelter lo thè Cablnet S&crelary, 8lgned by 54 Scotllsh buslnes5es, ch8Tltles. communlty and conseryalion 9roup5, calllng on the Scolllsh Govornm8nt to commlsslon Ihls vltal research. Th6 leller was covered in th8 Herald, and Iho Cabinet Secretary was queslloned on the Issue al her RAIC evld8nce s8sslon. Th8 Rural Affalr8 and Islands (RAI) Commlllee published a report on Ils findlngs from the Inqulry In January 2025. WildFlsh was referenced numerous times Ihroughout the r8POrt, hlghllghling our organis8tlon'8 rèsearch on, emongsl olher Ihlngs, dala gap5 in sea lice reportlng by Ihe s81mon farmlng Industry, ￿nCernS around Ihe Increased risk of flsh escapes al more exposed farm locallons, and a lack ol precaullon by local aulhorilles In relallon lo protecting wlld fish populallons when consldertng appllc811ons for new famis. Our ESS Complalnt was specttlcally referenced In Recommendabon 237: "The Commlllee nolas Ihe complainl made by I￿￿riSh and lh9 Coast81 Communi11&8 Nelwork lo Environin&nl81 S18ndards Sco118nd aboul whelher th8 SEPA sea Ilce Iramèwofk Is complianl wllh envlronmenlal law. The Commilleè requests Ihe Scolllsh Government keep 11 Inlormed ol Ihe oulGome of Envlronmenlal Standards Scollands Invesllg8llon and, If lh9 complalnl Is uphgld, how It and SEPA Infends lo respond.. laln In 2024, the Scollish Envlronmenl Pro19clion Agency (SEPA)'s sea lice fegulalory framework came inlo forcè. In September 2023, WildFIBh coordlnaled an open letler to SEPA, co-signed by a nurnb8r of environmènl85 and communlty groups In Scotland and publlshed In the Horald, whlch hlglilighled Ihe 5hortcomlngs of Ihls framework. In Febiuary, WlldFish and Coastal Communllles Nelwork (CCN) submllled a c￿nPlaInt lo EnvironmenlBI Sl8ndards Scotland (ESS) about Ihe framework and a lack of complianc8 with lh8 Water Framowork DSrecliv6. ESS confirm6d that Ihe compl8lnl was belng taken on f(Y InvgStlgalloTh In lh8 Summer. we awalt news of tho outcome of that Invesllgallon. Launched al lh8 end of 2022, Ofl the lablg is a hospllality4o¢used campaign Ihat cams on chefs and reslauranls lo slop seNing open-nel I8￿ned salmon. It Is a coallllon campalgn 8UPPOrted by 60 NGOS and communlly groups in Ihe UK and worldwld8, and seek8 to ralse awareness of the huge envlronmenlal. wéllare and 8ustalnabSllly Issues assoclated wllh the salmon faimlng Industy. Page 7 WILO ISH CONSE VATION REGISTERED UMBER: 0505 506 REPOR FOR T OFTHET STEES E YEAR ENDEO 31 DECEMBER 2024 The number of chefs and reslauranls supporting Off the lable doubled in 2024, from 150 lo mof6 Ihan 300. Th8 camp8lgn 18 now runnlng In a number of countwbe8 int8rnatlonally, Includlng Unlled Slates, Canada, Australla and Icdand. In July, Wimbledon tournament was enllrely free of farmed salmon. N8W SUPPOrtets to the campaign includè ThB Plg hotèls. The Bull Inn in Toln88. the Flsh Shop In 8a51aleT and Sco1115h Food Gulde. The campaign was featured In a documenlary on ARTE, a leadlng European n8ws channel that airs In France and Germany. In August. wllh commentary Irom WildFish as well as one of our Off the lable supporling chels. On8 area of focus across th8 year was a focused campaign targeting high stre81 chain Wagamama, run in parlnernhlp wllh Feedback, a food systems NGO supportlng 0￿. We launched a peiluon on lh8 plalform EKO In January, whleh gamared 100,000 slgnalures. In July, Chrls Packham lenl hls support to the campalgn and publlcly called on the chaln to slop sorvln9 fanned Salmon and ha8 slnce requ8sled to meet wllh Ihe CEO on our behalf. In Augusl, more than 500 WlldFlsh supporters wrolo dlreclly lo Wagamama. calllng on Ih8m to support I￿r campalgn and slop seTvlng farmed salmon. Page 8 WILD FISH CO SERV TION REGISTERED NUMBER: 05051506 REPORT OF THE TRU EES FOR THE YEAR ENDED 3 DECEMBER 2024 NANCIAL REVIEW Prlncl al fundln so rces M&mbers subscriptions and donations Granl-maklng Trusts. Includlng tho John Ellem)an Foundatkjn and Esmée Falrbalrn Indlvldual donallons anil bequests Fundralsing 8v8nls. Including an on41ne 8uclion nt ollc ando vè The Tiustees hav8 consldered the mosl approprlato polty for Investlng surplus funds and employ Ihe servlces of Canaccord G8nully. wllh the ob}6cllve ol obtalnSng both Income and c8pllal growth. The Inveslment slralegy 8lm8 to perform above Iho rale of Inflallon and attempts to generate balanced returns Ihrough dlveislfiBd Inve8lm8nls, In Ilne wlth a Socially Responslbl8 Inveslmenl pollcy, Vdllh a maxlmurn equily weighting of 600h, The v8lualion of WlldFlsh's Investinenl In Ilie fund 88 al 3181 December 2024 was £335.834 (£321.775 as at 3181 December 2023>. The Trusle65 keep Ihe in¥eslmenl under regular r8vl8w. Fl anGlal Pgrformanco WlldFish's reseN8s were £437.332 al 31 December 2024 (£555.159 al 31 Decembèr 2023). Th18 declln8 rene¢led a planned draw down o13u[￿uSe9 generated In prevlou8 year8. Our re88rves sland In excegs of our stat6d pollcy of provldlng slx months, cover of buslness overheads. Reslrklod us8 lunds are accounled for and 8pplled lor th8 sole purpose for whlch Ih8y 8[8 provlded. WlldFlsh has not hlstorfcalty recelved, or 60ught. flnanclal support from Governmènt or118 AgenGles. bul Ihe Truslegs reserve Ihe rlghl lo accept publlc funds In lh8 future for research prolecls. especlally those Ihal have lh& potenllal lo Inlorm officlal decislon-making ov8r relevant Issues. WildFish will nol accepl any linanc￿l support whlch compromlses Ils campalgnlng 8clivllies. WlldFlsh sel8 P8y and remunerallon of k8y per50nng1 In Ilne wlth the current mafkel In other glmllar-81zed chaTllles and envlronmenlal organisallons. Salarie$ are reviewed anwally by Tru8tees. L RISKS AND U ERTAINT ES Re8erv08 11 is the aim of Ihe Iruslees io maintain reseNes al 8 level Ihal would permil Ihe ehaTily lo cover business overhe8ds lor a perlod of at least slx months In the case of unfore8een events. Tho Iwste&s conslder that 8 level ol slx months provldès suificlenl tim810 8calè back aclivilles If th8r8 was an un&xp8¢led reduction In fundlng. At 31 December 2024 reserves amounted lo £437.332. SIX monlhs staff and buslness overheads costs amounted lo £410,000 so the sleled reserves policy is met al the year end. The reslricled funds recerwed V￿re spenl on th8 aro8 specified. Unreslrfcted funds ar9 Used lo (und prolecls where there Is a shortlall In re$tTlcled funds. Page 9 WILD FISH CONSERVATIO REGISTERED BER: 05051506 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECE ER 2024 FUTUR LANS WlldFlsh's strategy Is to malntaln Fts focus on a small number ol critlcalty Imporfanl Issugs. as we dld In 2024. and lo work with olher organisalions - prfnclpally the Bluepiinl for Water Coalition and Flsh Legal where relevant. These will include.. 8martRlver8 We will conlinu8 lo eslaNish local hubs under our SmailRivers IniliatiV8 Irainlng volunlÈer citizen scienllsls lo sample 8nd Identify aquallc Snvert8brat8s and tr) analyse Ihe resulting dala to deteThlne lh8 heallh or olherwlse of local rivers. Our taTgo1 for 20251s to oxpand our hubs towards a goal of 40 Ihroughoul the UK and to expand our nallonal dalabase of the resulllng data wllh open access for all to Inform both local and nalion81 pollclgs to Protect 15vers, wlld fish and aquall¢ Ilfe. Our work 18 focussed on usSng evldence from SmartRlvers and water compani88 to seek local and nallonal Improv6mgnls to water quality and water quantity. Much ol Ih18 wo￿ will highllghl the urgent need for 8nforc8menl of raft of exlsllng leglslatlon Io PTolect our wild fish and IhelT waier8. We are worklng lo encourage Govemment and Water Companles lo lake urgenl acllon lo solve Ihe wat6r supply d8flcil. La¢k ol Inve81menl In 811ernallv8 source8 of supply means our rfvers are at rlsk from over4b81iactlon In tlmes of drought. Wè arè actlvely lobbying for the Governmenl to lackle chernical pollullon Irom agricullure as w911 as Industry. We will be reportlng on Ihl8 over Ihe year lo educate and Inform Ihe publlc of Ihls dlre threat lo rlvers. h8allh, AL WildFlsh's work for the foresee8bl8 future wlll be lo campalgn for closurè of op8n-nèt salmon fams to proteol wlld Allanllc salmon and sea Iroul from Inleraclions with farmed salmon. We ar8 now campaignlng to porsuade chefs, lood wrllers and olhaf Inlluencers to boycoll famied salmon. Alongslde Ihls work, we wlll contlnue to campalgn for: Scolllsh Government lo adopt legal re8ponslbSllty lo protect wild salmon and sea trout from Ihg Impacls of salmon larmlng and lo Impose much 119hler regulallon on Ihe Industry wllh Ihe express pu￿058 of protecllng wlld118h. An Indopendenl agency lo carry oul Ihg regulallon agaln81 sea Ilce trlgger1gve18 Ihat protect wlld fish, wllh the 8an¢llon of forced harvesllng on perslstenl offender8. A moralorium on eslablishinglexpandlng farms h sensilive locations unlil tighler regulation Is Imposed on th8 Industry- and the movement of exlsling famis away from mlgrallon roule8 Off The Tablg We wlll conlnue lo grow our foolprfnt In the UK and kntematlon8lly. Our target for Ihe next 12 months 15 lo bulld our hospll81ily supporlers to over 1000 oulleis and to a(kJ $8v&r81 reslauranl chains. We will also b8 growlng wid9r publlc 8ngaggmenl Ihrough local events. We wlll conllnug lo eombal agrlcullural pollullon In 2025. In parttcular. we wlll ¢onllnue lo grow SmartRIv8rs In Wale8. Thls wlll glve us the local evldencg we requlre to campalgn for Welsh Government to provlde sufficlenl resources lo protect fragile riverSne habllal. We remaln concerned Ihal Nallonal Résourc8s Wales (NRW) - Ihts Welsh env5ronmen181 regulator- has IF¥suIflGlenl resources avallable to do Its Job. Page 10 ILD FISH CONSERV TION REGISTE ED UMBER: 05051506 REP FO OFT HE YEAR STEES DED 31 DECEMBER 20 UCTURE GOVERNA ND EMENT Governln document The charity Is controlled by ils governing documenl. ils Memorandum and Arikles of Assoclation, and conslllules a Ilmlled company. Ilmlled by guarantee, as defined by the Companies Act 2006. Or anlsalional Structurè Approxlmalely 11,000 supporl6rs - includlng 3386 ordinary and Lile members - and 134 syndfeates and clubs (as al 31 December 2024) 8UPPOrt WlldFlsh's work. Members pay a mlnlmum annual or Ilf8 subscrfpllon lowards Ihe work of th8 Charlly, plus. In many cases. add donallons. The membershlp scheme, for new members, ceased lo exlst In November 2024 and moved lo a re¢urlng donallon sthem8 whkh sees monlhly donallons from 70 8UPPOrter8 - som6 In addlllon to exlstlng membershlp subscrlptlons. A Board of Trusl8es has over811 responsiblllly for ntnnlng WildFlsh. The Board 8ppolnls TIu81888, 8nd sucli appolnlmanis are advlsed to the member8 01 Ihe Charily al lh8 Annual General M8eling. Th8 TnJsle88 appDlnl thelr own ch81rman from wllhln thelr ranks. Trustees aro appolnted havlng duo consld81allon to th9 skllls Ihoy c8n brln9 lo the Ofganlsallon and also an Indlvidual's slandlng and filness to become a Tru8lee. The Chlef Exe¢ullve and Chalrman induct naw Trustees by outlining Ihè nalura of lh8 ro18. what is expected from a Trustee and the worklngs ol Ihe Charity. The Twslees have responslbllity for runnlng the Charlty and for the overslght of Ihg 8cllvllle8 of the offlcers and empbyees. Flve 8lecled Execut￿8 Vlce Presldonls keep a WBtchlng brlef on all aspects of the Chaflly's operallon and advlsg bolh the Chalm)an and th8 Chlef Execullve. The CharfV8 staff16 h8ad8d by N￿k Measham. the Chl81 Exècutive. and 8UPPOrt8d by Dr Janlna Gray. Deputy Chlal Exe¢ullv8, ten olher slaff members, and Iwo consuh8nt8. Alarge number of volunteèrs also ass181 the Charlly al nallon81, reglonal and local levels. Isk mana The charlly ende8vours to ensure the 8oard of Trustegs has a blend of profe88lonBI èxport188 Ihrough whl¢h 118k ¢8n be prloTillsed and managed. A formal Rlsk Reglsler has been comp51ed and one Truste8 has responslbllily for overseelng Ihe regular r&v18w and update of Ihe documenl. The full Board of TNslees revlew th8 Rlsk R8glsler at18ast annually. The Rlsk Re9181er cov8rs govern8nce and management. operational. financ181. axternal and complianG8 risk8 and 18 revlewed In d8lall annually. The opportunlty Is always laken to recogn18e Ihe 85gnlficance of rlsk laclor8 and wherg 8PPTopdate Id8nllly ways In whlch Ihoy can b8 rnlllgaled. An annual budget is prepered and approved by Truslee$ and rn8nagemenl accounts 8re produced on a monlhly baslg. Quarterly p8rfoimanro Is reported upon by the Treasurer and dlscuBsed at Ihè quartedy meetlng of Tru8186s. The charity has no borrowln9 and prlnclpal assets are held In cash and In a lund m8n8ged by Canaccord GenuSiy whlch Is kept under quarterly revlew. Computer systems are backed up regularly and wllh offlces In Folkeslone 8nd Sallsbury rlsk from108s of office 15 mlnlmlsed. Slaff moslly work [￿M home. WlldFlsh conllnuès lo operale within its slal8d reserve8 pollcy l.e. malnlain reserve$ al a level Ihal would permll the chadly lo cover buslness ovetheads for a pèrlod of at lea8t slx months In lh8 C83e ol unforeseen ev8nl8. Sollcllors and accountants are (x)nsulled for pTofèsslonal advlce. REFERENCE AND ADMINISTRATIVE DETAILS Regl8ler8d Company numbei 05051506 (England and W8les} Reglsterad Charlly numbèr 1123285 Reg18tered offlc Klngsgate House, Norlh Wlng, Ground Floor Newbury Road Andover Hampshlre SP10 4DU Pa￿ 11 WILO FISH CONSERVATION REGISTERED NUMBER: 05051506 RT OF THE TRUSTEES THE YEAR ENDED 31 DECEMBE 202 REFERENCE AND ADMINISTRATIVE DETAILS Prln¢lpal address Ramshill East Wlnterslow Salisbury Wlllshlre SP5 1QF Tru6toes Mr Willlam D A Hlcks KC - Chalmian Mr N611 H Coop8r Mr Slgve Edge- raslgned on 16.09.2024 Mr J Tarquln Mllllnglon-Drake- reslgned on 16.09.2024 Mr Vlcloi N Beamish Mr Slmon M Browne Mr C18menl Boolh - reslqned on 02.05.2024 Ms Anggla Webb Mr Rohort J Hollls Slr Phlllp Sludd 8t Mr Carl Say8r Prof lan Cowx Mr Phlllp Chessum Mr A Dlgby Flower Mlss Luclnda Manlle Mf Rob8rt J Wallon- appolnted on 26.02.2024 Chlof Exocutlvo- Mr Nl¢k Measham Company Secretary Mrs KlmbèTley Sarge8nt- appolnted on 26.022024 Audltor8 Lanodowns DFK Llmlled Slatulory Auditor Klngsgat9 Housg. Nortli Wlng, Ground Floor Newbury Road Andover Hampshlig SP10 4DU Bankers Barclays 88nk plc Lelcester Leicesleishire LE87 2BB 8ollcltor$ Wilsons Sollcitors LLP Alexandra House Sl Johns Slreel Sallsbury Willshlre SP12SB Charlty Rogl$tered In Scotland The charfty Is also ieglslered in Scotland: SC041584 Page 12 WILD FIS CONSER ATION REGISTERED NUMBER: 05051506 EPORT OF THE TRUSTEE OR THE YEAR ENDED 3 DECEMBER 2024 FUNDS HELD AS CUSTODIAN TRUSTEE Durlng lh8 accounllng petlLKI and as at 31 Dec8mb8r 2024 no funds ware hold as cu81odlan Irusteo. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Irustees (who are also Ihe dire¢lors of Wild Fish Conservation lor Ihé purposes of company law) ere responsible for PT6paring tho Report of Ihe Tru8lees and th8 financial slalements In accordance wilh appllcable law and Unlled Klngdom Accountlng Slandards Iunlted Kingdom Generally Accepted Accountlng Practlce). Company law r8qulres the trustees lo prepare flnanclal statements for each financlal year whlch glve a Inje and falr vlew of Ihe slal8 of affairs of the Chafilable company and of the Incoming re$our¢e$ and ap[￿l¢a￿On of resources. including the In¢om8 and expendllure, of the charitable company for th8t period. In preparlng thos8 flnanclal ststemenls, the Irusleès are requlred lo solect sultable accounlln9 pollclos and Ihen apply Ihem ￿nSIStenIty. obsètve Ihè mélhods and prlnclpl8s In Ihe Charity SORP. make ludgement8 and esllmates that are reasonable and prudent., prepare Ihe financlal 8tatem8nls on Iha going concern basls unless it b Inapproprlale to presume Ihal Ihg charitable company wlll contlnue In buslnoss. The IfUSt6es are rèsponslble for keeplng proper 8ccoun11￿ records whlch di8dDSg wllh rèasonable accuracy al any Ilme Ihe finan¢lal posillon of lh& charfjlable Company and lo enabl8 them lo ensuré Ihal the financial slalemenls comply with Iho Companle8 Acl 2006. Thèy are also responslble for s8feguardlng the assets of lh8 charllable company and hence for laklng reasonable steps for the Pfevenllon and delecllon of fraud and olher Irregularilles. In 80 lar as the Irusle98 are aware: Iher818 no relev8nl audll Inlomallon of whl¢h tl* ¢harllab18 comp8nYs audllors are ungwar8: and th8 trustees hav8 taken all steps Ihal Ihey ought to have taken to make th8mselve8 aware of any fel8V8nt audlt Informallon and lo eslabllsh that Ihe auditors are aware of Ihal Inlormallon. Mombars of thfj Board of Trustae8 Members of Ihe 808rd ot Trustees, who aro dlrectors for the purpose ol company law and TTu5te88 for the purpo88 of chaflly law. who served durlng the year and up io the date of Ihls report are 801 out on page 12. AUDITORS Tha audllors, Langdown8 DFK Llmlled, WIM b8 proposed lor re￿pPOIn1rnon1 al Iho fOr1h￿rnIng Annual Ggneral Megllng. ThIB réport h98 been prepared In accordance wllh Ihg speclal Pro￿310n$ of Part 15 of Comp8nlo8 Act 2006 Tolallng lo small companles. Approved by order of the board ol Ifu8tees on . . and slgned on SIS behalf by,. Mr WDA Hi¢k8 KC- Trust88 Page 13 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUS ILD F18H CON VATION EES AND MEMBERS OF Oplnlon Wè have audited the financial stalements of Wild Fish ConseNation Ilho 'charilabl& company.) lor Ihe year ended 31 Decemb8r 2024 whlch comprlse Ihe Statement of Flnanclal Acll)Atle5, lh6 Balance Sheet, thè Cash Flow Slatemont and notes to Ihe financial slalemenls, Including a summary of significanl accounling PDlici8s. Thè financial r8porllng framework that has b88n 8pplled In thelr preparallon Is 8ppllcable law and Unlled Klngdom Accounllng Standards. Including Finanual Reporling Slandard 102 The Financial Slandard applicable in the UK and Republic ol Ireland. {Unlled Kingdom Generally Accepled Accounling Praclic81. In our oplnlon Ihe financlal sla18ments: glve a Irue and falr vlew of the stale of Ihe charftable company's affalrs as at 31 December 2024 and of Its Incomlng resources and application of resources. includina ils income 8nd expendilure, lor Ihe year then ended- have been properly PTepared In accordance with Unlted Kkngdom Generally Accepled ACC(￿nI1￿g Pracllce; and have been prepared in accordance wilh Ihe requir8menls of th6 Compani6s Act 2006, the Choriligs and Trustee Inveslmenl (Scolland) Acl 2005 and Rogulallon 8 of th& Charilles Accounts (Scoll8nd) Regulallons 2008. Bas18 lor oplnlon We ¢onducled our 8udll In accordance Inlemallonal Standards on Audlllng (UK) IISAS (UK)) and appllcable law. Our rèsponsibilities under Ihose slandards are furiher described in Ihe audllors. responsibilities for Ihe audit of Ihe financlal slalemanls secllon ol our report. We are Independeb)t of Ihe charll8ble company In accordance wllh the elhlcal requlremenls Ihal are relevanl to our audil ol Ihe financlal slalements In Iho UK, Including Ihe FRC'S Elhical Standard, and we have fullllled our other eihlcal rosponslblllllos In accordance whh IhBse requlromgnlg. Wo bollove Ihal the audlt evldence w8 have oblalned is sufflclenl and appmprlele lo provlde a b8sls for our oplnlon. Con¢luslon3 r•latlng lo golng concorn In audlllng thè flnanclal slatemenlg. we have conduded that the Iw$lees' u8e of the golng conc8m baslg of accounllng In the preparallon of Ihe finan¢181 slatemenls Is appropriale. BAs8d on the work w8 have parfomied, we have nol Idenllfied any malerlal uncert8lnlles relallng lo events or condlllons th81, Indlvldually or collectively. may casl Significant doubl on Ihe chaiilable company's abilily lo conllnue as a golng ¢on¢ern for a perlod of at least tsvelvg months from when Ihe flnanGlal 81atemenls are aulhoTlsed for Issue. Our r8sponsibilllles and the re8ponslbililies of Ihe iNstees wlth respeci k) goirvj L¥)ncem are described in the relevant seclions of Ihis report. Other Inlormallon Th8 trustees ar8 responslble lor the other Inlormallon. The other InfoTmatlon comprlses the Infomialk)n Included In the Irustegs annu81 Teport, other Ihan Ihe fin8nclal statements and our Report of Ihe Independenl Audltors thereon. Our opinion on Ihe flnancial slalements doe$ nol cover the olher Inlormallon and. except lo the exlent otherwise expllcltly 8ts1ed In our report. we do not expres$ any fonn of assurance con¢lu8lon Ihgreon. In connecllon wllh our audll of the financlal slalomenls, our responslblllly Is to read Ihe ulhpr Infoimatlon and. In dolng so, consider whelher the olhèr informglion is malerielly Inconslslent wllh Ihe financlal slalemenls or our knowledge obl8lned In lh8 audll or otherwlse appears to be malerlally mlsslal8d. 11 we Idenllty such materlal Inconslstencles or apparent maler581 miss181ements. we are requlred lo delemiine wh8lh8r this gives rise lo a mal6Tlal misslal8menl in the rinenclal Slatemenls Ih8ms8lves. If. basod on the work w8 have performed, we conclude Ihal there Is o material mlsslatement of Ihls other Inlormallon, w8 are requlred to report Ihal fact. We have nolhlng lo report In Ihls regard. Oplnlon9 on olhèr matters pros¢rlb8d by tho Companles Act 2006 In our opinion. based on the work undgrlaken in the course of Ihe audll: Iha Informalion glven In the Report of the Trustees for the Ilnandal year for whlch tha flnandal stalemgnls are prepared Is conslstenl wllh th8 flnanc181 $18lemenls: and Ihe Report of the Trustees has been prepared In accordanc8 wlth appllcabb legal requlrernenl8. Page 14 EPORT OF THE INDEPENDENT AUDITORS TO THE TRUS LD FISH CONSERVATION EES AND MEMBERS OF Matters on whlch wg are re4ulred to report by exceptlon In th6 lighl of Ihe knowledge and underslandlng ol Ihe charitable company and ils ènvlronmenl oblalned in lh6 course of the audS1. wè hav8 not Ideniified materlal mls8talemen1s In Ihe Report of the Twstees. We have nothlng to report In respect of tho lollowlng mallers In relallon lo whlch whgre the Compan￿5 Act 2006 and Ihe Charilies Ac¢ounls {Scollandl Regulallons 2006 requires us lo repoTi lo you if, in our opinion: adequate accounling records have not b88n kepl or retums adequale for our audll have not been received from branches not visited by us., or the flnancial slalemenls ara noi In agrèem8nl wllh Iho ae¢ounling records and r8turns,' or certain disclostsres of trustees. remunerallon specllled by law are not made; or wa have not received 811 lh8 informalion and explanallons we require for our audil. or the trustees were nol enlllled lo prepar8 the flnanclal statements In aC￿)rdanC￿ wllh the small companl8s' reglm8 and lake advantag6 of the small companlés. exemption from the requirement to pr8pare 8 Stfalegi¢ Report or In preparing the Report of lh9 Trustees. Ro8pon$lblllllos of trust89S As explalned more fully In the Slalement of Truste8s' Respons11￿111188, th8 trusle8s {who aro also the dlreclor5 of the eharllablè company for lh6 purposes of company law) are responslble for lh6 preparation of the finandal slalemants and for b&lng sallsfled thal they glve a true and lalr vlew. and for such Intem81 conlrol 85 lh6 truste98 determlne Is necessary lo enable Ihe preparallon of financlal sla18m9nls Ihal are fre8 from material misslalemenl. whelher due lo fraud or error. In preparlng Ihe financlal statements. Ihe tru8lees are responsible for assessing lh8 charitable company's abllity to conllnue as a golng concern, dis¢losing. as appllcable. malt8rs related lo going concern and uslng lh8 golng concern basis of accounling unless the Iruslees ellher Fnlend lo Nquldate the charitabl8 company or lo cease oper8llon8, or hav& no reall8tlc allèrnallve but to do so. Our rospon81bllltles for tha audlt of the Ilnancl81 statoments We h8ve been appolnled as 8udilor under secllon 44{1 }{c) of the Charfllcs and Truslee Inveslmenl ISrA)t18nd) Act 2005 and und8r Ihé Companies Acl 2006 and report in ac¢ordance wllh regulalions madg under Ihose acls. Our oblectlves are lo obtaln reasonable assurance about whelher the financlal slalemenls as a whole are free from mal8rlal mlsslatémenl, whether duè lo fraud or eTror, and to issue a Raporl of lh& Independenl Auditor$ Ihal Includes our oplnlon. Reasonable assurance is a hlgh lev81 of a55urance, but Is rnt a guaranlee th81 an audll conducled in accordance wilh ISAS (UK) wlll alway$ detecl a rnalerial mlsslalern8nl when11 exlsls. Mlsslalements ¢an arlse from Iraud or eiror and are consldered mat8rlal If. Indlvldually or In Ihe aggregate. they could reasonably be expecled lo Influence Ihe economic dectsknns of users laken on Ihe bas18 of Ihese financlal stalemenls. Irregularllles. Includlng Iraud. are Instances of non-¢ompllance wilh laws and regulallons. We d8slgn procedures In Ilne wllh our responslbllilles, oullined above, lo delecl materlal mlsslalemenls In r8spe¢l of irregu18rlll89. includlng fraud. The extent to whlch our procedure8 arg cap8ble of doteGlSng Iriegularllles, Indudlng fraud Is delallod b810w. As part of our audll plannlng procedures. wa Idenllfy the sl9nlllcanl laws and regulaltons appllcable lo tho charll8bl8 company based on our knowledge of Ihe charilabl& company, Ihe seclor in which il operales and from maklng enquliiès wllh manag8m8nl. Wg conslder laws and regulatlons where non-compllance may have a malerfal effect on th8 financlal slatem8nls and those whlch have a dlrecl impact on Ihe fin8ncial sla19m8nls. We idenlified Ihal Ihe mosl 8lgnificanl laws and regvlallon8 durlng the year were Gompliancè with bolh Ihè requiremen18 of th8 Compan16s Acl 2006 and with ¢harity law and regulalions. Audlt procedures performed by the engagement leam in rolatlDn lo laws and regulBtlons Indude mBkKig enquir88 of m8nag8menl 8S to any known or susp8cled inslances of nonwcomplianco, malnlainlng awareness throughout tha course of the audll a8 to any Indlcallons of non-compllance. revlewlng18gal and professlonal Involces and undertaklng a revlew of the dlsclosures In the flnanclal stalemenls to supportlng Informallon and to dlsclosufe checkllsls. We also consldèr areas Ihal are al a higher risk of causlng maleT181 mlsslalem8nl in Ihe financial sl8temenls due 10 Irregularllles. includiThJ those resulllng from fraud and how such fraud may Ixcur. Wè dlscuss with sgnioi man8gemenl the key conlrols in pl8co lo mlllgate Ihg rl8k of fraud and enqulre a8 to whelher Ihey arg aware of, or suspecl, fraudulant acllvllles havlng tsken place. Throughoul the audit, we malnlaln an approprlale lgvel of professtonBI 8cepllclsm when provlded with infom)ation and explanallons. We Cons￿eT the approprlalen8ss of 51gnlll¢anl accounling joumals Ihal w8re processed during Ihe y88r, assess the r6asonablen8ss of any signlficanl accounting estimates and conslder wh8lher there were any indications of blas by management during the year that represent a risk ol material misstatement due to fraud. We also carry out analyllcal wocedures to Identlfy any unusual or unexpected varfance5 to expeclalions as these may be an Indlcallon of managemenl over￿Ide or managemenl bias. Page 15 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF LD HCON VATIO Because of Ihe Inherent Ilmltatlons of an audS1. Ihere Is a rlsk that we will nol delect all Itregularllles. InGludlng those leadlng lo a m8tefi81 misslalemenl in the financlal slalemenls or non-compliance wilh regulation. This rtsk increases the more that complianc8 with a law or regulatlon Is Temoved from Ihe events and Ir8n8a¢lk)ns rellecled In Iho financlal stalemenls, as we will be less Ilkely to become aware of Inslances of nonwcompli8nce. The rigk is also greater regarding Irlegularllles occurrlng due to fraud rather than 8rr(Y. as fraud Involves Intsrtlonal concealment. forgery, collusion, omlssion, or misrepresenlalion. A fvrfher description of our responsibilities for the audll of the finandal slatemenls is located on Ihe Financial ReF)orllng ouncll's website al ii"JJlAI.Ii i.'.org.uklaudilor3r6sponslbllilles. Thls doscrlptlon forms part ol our Rèport of Ihè Independent Audllors. Usè of our report Th18 report is made golety to the cliaTllable companW8 members. as a body. In accordancè wllh Chapter 3 of Part 16 of Ihe Companles Act 2006, and lo Ihe charltable company's trustees, as a body. In acrA)rdance wllh regulallon 10 of the Charllles Accounlg {Scotl8nd) Re9ulallons 2006. Our audlt work has b88n undertaken 80 Ihat we mlght slat8 to th Charllable company's members and Ihe Iruslees those matters we are requlred lo slat8 to Ihem In an auditors. report and lor no olher purpose. To the fullest exlent permilled by18w, we do not accepi or assum6 responsibilily lo anyone olher than the chadt8ble Gompany and the charllab18 compan*8 men*Jers a8 a body. for our audll work, for Ihl8 reporl. or for lh6 opinions we have formad. Graham Taylor ISÉnlor Slalulory AudlloT} for and on behalf of Langdowns DFK Llmlted Slalulory Audltor Ellglblo lo acl 85 an audllor In tem)s of Secllon 1212 01 Ihe Companles Act 2( Klngsgal6 House, North Wlng, Ground Floor Newbury Road Andover Hamp5hiTe SPI0 4DU Dale: I", tl., 2ts21 Page 16 WILD FISH CONSERVATION STATEMENT OF FINANCIAL ACT INCORPORATING AN INCOME AND E PE DITURE AC FOR THE YEAR ENDED 31 DECEMBER 2024 ou 2024 Total lunds 2023 Total funds Unreslrlcted funds Reslricled (unds tes INCOME AND ENDOWMENTS FROM Donallons and legacies 419,209 274.152 693,361 757,142 Other trading aclivilie$ Inveslmenl InrLime Other income 112,445 12,323 112,445 12,323 101,631 11,754 Total 549,117 333,734 882,851 923.076 EXPENDITURE ON Ralslng funds 113,22B 113,228 143.865 Charltable actlvltles General Junlors Fund Waler A¢llon Aquaculture Fundralslng SmartRlvers 493,056 493,056 338,859 129 256,148 155.274 70,143 99,649 42,988 179,292 70,143 99,649 42,968 179,292 166.538 Tolal 606,284 392,052 998,336 1,060,813 Net galnsl(losse8) on Investmenls NET (EXPENDITURE)IINCOME {S9,509} 158,318> (117,827) (136,572) Tronslèrs betweon lund8 20 88 0271 Net movement In fund8 (147,536 29,709 (117,827> 1136,572) RECONCILIATION OF FUNDS Total fund8 brought forward 403,937 151,222 555,159 691,731 TOTAL FUNDS CARRIED FORWARD 256 401 180 931 437 332 655 159 CONTINUING OPERATIONS All Income and expendllure has arlsen ficTh conllnulng 8cllvlt188 The noles lorm part of these financial slalemenl8 Page 17 ILD FISH CONSERVATION REGISTERED NUMBER: 05051506 BALA 310 CE SHEET CEMBER 2024 2024 Total fund$ 2023 Total funds Unresiricled fund8 Raslficled funds Notes FIXED ASSETS Tangible assets Inve51menls 14 15 3,810 250,834 3,35B 7,168 335 834 3.808 321.775 254.644 88,358 343,002 325,583 CURRENT ASSETS Slocks Debtor6 Ca8h at b8nk 16 17 3.707 23,562 3,707 47,477 4.124 13B,128 135 045 23.915 42,655 105.903 148,558 277,297 CREDITORS Amounts falllng due wllhln one year 18 140,898) 113,330) 154,228) (47,721) NET CURRENT ASSETS 1.757 229.576 TOTAL ASSETS LESS CURRENT LIABILITIES 256,401 180,931 437,332 555,159 NET ASSET8 256 401 180 931 437 332 FUNDS Unreslrlcled funds Reslrlcled funds 20 256,401 180 931 403,937 151222 TOTAL FUNDS 437 332 555 159 These financlal slatemenls have been wepared In accordanc8 with the provislons appllcable io charitable companles Sublect lo Ihe small companles reglm8. The flnanclal ylalement¥ were 8pproved by the 8oard ol Trusl888 on ... . and w&r6 s￿n￿d on Ils beh8lfby'. Mr WDA Hicks KC- Trustee The notes form part of Ihese financial slalements Page 18 WILD FISH CONSERVAT CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECE BER 2024 2024 2023 Noles Cash flows from 0￿ratIng acllvltles Cash generated fmm op8ralion$ 25 460) 166,287) Nèt cash (used Inyprovlded by op8rallng acllville8 25 460) 166 287) Cash flows from Investlng a¢tlvltl85 Purchas6 of langlble fix8d ass8ls Purchas8 of fix6d ass6t inveslments Sale of flxed assel investments Interest recelved Dlvldend5 recelved (8.133) (292.844) 276,443 1,615 (2,384) (246,263) 294,812 592 11,162 Nel cash provlded byl(u8ed In) invesllng aclfvlll88 12 211) 57 919> Change In cash and ca8h equlvalenls In the raportlng perlod Ca6h and ca8h equlvalent8 at tho beglnnlng ol tho reportlng perlod 137,671 {1QB,368) 135 045 243413 Cash and cash aqulval•nt8 at the end ot the rèportlng pèrlod The noles fom1 part of these flnanclal stalemenls Page 19 WILD FISH CONSERVAT ON NOTES TO THE CASH FL TEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 RECONCILIATION OF NET (EXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Met (expondlturelllncome for the roportlng perlod (a8 per tho Stalement of Flnanclal Acllvltles Adlustmentg for., Oepreciation chargés L088eg1{Galns) on Investments Inleresl rec8iv8d Dlvidends recelved Decreasel(Increase> In stock8 D8creasel(Increasè) In debtors IncreasellDecrease) In credltars (117,827) (136.572) 4.773 2,342 11,615) {10,708 417 90.651 6,074 11,165) (592) (11,1621 330 (19,774) Not cash (uséd Inllprovldèd by opèratlons 25 460) 166 287> ANALYSIS OF CHANGES IN NET FUNDS At 1.1.24 Cash flow At 31.12.24 Net ca8h Cash at bank 135 045 Total The notes foTm parl of th8sè financlal slal8ments Pajè 20 WILD FI co SERV ON ES TO THE FINAN AL STATEMENT THE YE R ENDED 31 DEC BE 20 STATUTORY INFORMATION Wlld Flsh ConseNallon Is a company limiled by guarante8. reglslered In England and W819s and Scouand, withoul share (xpilal, the guarantors belng the members lo the exlent of £1 oach. The company's registered number and registered Oir￿e address can be lound in Ihe Trusle8s' Rèport. ACCOUNTING POLICIES Basls of preparlng the financlal statements The financial slatemenls of the eharilable company, whid) Is a public bènefil 8nlity under FRS 102, havè been prepared In accordance with the Charilies SORP (FRS 102) 'Accounllng 8nd Roportlng by Charllles.. St81emenl of Recoffl¥nended Praclice applicab18 to ch8rilies preparing iheir accounts in accordance wilh Ihe Financial Reporting Standard appllcablè In Ihe UK and Republlc of Ireland {FRS 102) leffeclSve l January 2019}', Flnanclal Reportlng Sl8ndard 102 The FlnanGlal Reporllng Standard appllcable In Ihe UK and RepU￿1C of Ireland, and the Companles Acl 2006. Th6 flnanGlal stalements have been pr8pared under th8 hlslorkal cost convenllon. wllh 11)e exceptlon of Investments whlch afe Sncluded at market value. as modlfl8d by Ihe revaluallon of certaln assels. The Ilnanclal sl8lem8nts havo b60n PTopared on a goln9 concem b88ls as lh8 Injstees bell8ve Ih81 no malerlal uncertainlies exlsl and that Iho budgoled income and expendlluTe Is sufflcl&nl wmh Ihalevel of reseNes for the Charlty to be abl& lo conllnug 98 a golng concem. The Charfly has no borrowlng 8nd operalos well wllhln118 Blaled re8ervos pollGy of malnlaining a level Ihal would permil the charily lo cover buslness overheads IOT a Pèfiod ol at laasl SIX monihs In lh8 case of unforeseen events. Th8 trustegs have con8ld8red th8 level ol funds held and the expecled18vel of incom8 and expendilure for a perfod of 12 monlhs from aulhorislng these financlal $lal8ments. The finan¢lal stalemenls ar8 Fffes8nled In Stèrfing. whlch Is also Ihe fun¢lional currency of the company. In¢om• All Income 1$ recognlsed In th& Statèmènl of Flnand81 AclSvllle8 once Ihe charlly has en￿llement to Ihe funds, It Is probable Ihat Ihe Income wlll bo Tecelved and the amounl c8n be measured rellably. For legacles, enllllement Is laken as the earlier of the date on whlch èilhef: Ihe charity is awarè Ihal probale has been granted, the esl&le has been finallsed and nolificallon has been madè by Ihe execulor{s> lo the Gharlty Ihat a dlslribullon wlll bo mad8, or when a dlslflbullon Is récèived Irom Ihe eslala. Memb8rshlp Income, Includlng Ilfe mgmbeishlp, Is Included on a recelp18 basls. Donatlons are Included wh8n re¢elved. Income from granlsls recogn18ed when tho charily has enlitlement to the funds. t)onated facllliles and donaled professk)nal se￿e88 are iecognised In Incorn8 at th81r lalr value when Ih&lr èconomlc benefil Is probable, 51 can be measured fellably and Ihè tharily hes control ov8r the Item. Falr v8lu81s delernlned on Ihg bas18 of tho value of Ihe glft lo Ihe charlty. For ex8mplo the emounl the charSty would b8 wllllng lo pay In the open market for such lacllllles and servlc89. A toffespondlng amounl Is ￿CognISed In expvndllure. Expondltur Llabllllles are rerA)gnlsed as expendlluro as soon as Ihere 19 a legal or conslwcllv8 obllgallon commllllng the charily lo Ih81 expendllur8, it is plobable thal a Iransfei of economic benefils wlll b8 required In 8olllemenl and Ihe amounl of the obligation Con be measured reliably. Expendilure is 8ccounl8d for on an 8ccrvals basis InclusSve of any VAT whlch cannol be recovered and has been classifled under headlngs Ihal aggregate all cost relaled to Ihe egtegory. Imiere cosis ¢annol be dlrecuy allributed lo particular headings Ih8y havè b88n allo¢al8d lo aclivilles on a basls conslstenl with the use of resources. Ral8lng funds R8lsln9 funds Includes all exp8ndllure Incurred by Ihe charfty to r81se funds for Sls chatllable purposes arKI Includes costs ol all fundrglslng acllvllles, events and non￿h8[118b1e Iradlng. Charltablg acllvltles Costs ol charilab19 actfvllios are incwred on the charity's educational opor81ions, hcludlng support C0818 such as personnel costs. membershlp communlcallon. educatK)n and Iralnlng, consultancles and travèl cosls and Costs relatlng lo the govemanco of Ihe charlty apportlonod to charltable acllvities. Governance c08ts Management and admlnlslralion related costs. Conlinued... Pag8 21 WILD FISH CONSERVATION NOTES TO THE F FO THE YEAR E NANCIAL STATEMENTS - contlnued DED 31 DECEMBER 2024 ACCOUNTING POLICIES- contlntsed Tanglblg Ilxed a8set8 Tangible fixed assets are staled at cost18SS 8ttumulaled deprecialion and accumulaled imp8irmenl losses. Depreciation is provided at lh8 following annual rales in order to write off each assel over ils estimaled useful life. Flxlures and fillings 330/¢ slralght Ilné Stocks StUGks are valued 81 the lower of cost and nat reallsable value. after maklng due allowance for obsolete and 81ow moving iiems. Cost Indudes ell costs ol purchasè. Taxatlon The charlty Is exempt from Corpora￿0￿ lax on Its chadlable actlvllles. Fund a¢¢ountlng Unres1￿¢1ed fund8 can b8 used In accordance wllh the ¢harit8ble obl8cllv8s at lh8 dlscretlon of Ihe Iruslees, Deslgnalad funds c(Mnprls8 unro8lrfGled lunds Ihal havg been 88t a8ld8 by th8 trustees for p8rtl¢u18r purposes. The alm and use ol each deslgnaled fund Is set oul In tha notes io Ihe fhanclal stalemenl8. Reslriclèd funds can only be used for parllcular resldcted purposes wllhln lh8 objects of Ihe charity. Reslrtcllons arlse when specified by th8 donor or when funds are ralsed lor partlcular rèslrlcled purp)8e8. Thè charily re￿nISeS ihal lh8 followiTrJ lunds 8r8 ordy held for specific purposes.. Junlors Fund- Funds rals8d by supporters lo (und 8ducaUon and training inlliatives almad at Junlors. Aquaculture Campalgnlsalmon Farm Rolom) Funds re¢elved from contrlbutors towards the cost of InvesllgalionB Inlo the probl8ms associaled wilh salrnon farmlng Impact on wlld flsh, developing and promoting polenll81 solullons IncludSng se8klng policy and regulatory change. Watér A¢llon - Fund8 recèlved from ¢onlrlbutor8 towards Inv8sllgallon8 Into Ihe degr8dallon of chalk and other rlver habllals, partlcularly excesslve phosphate Input from watercress farms, Ilsh farms, agrlculture and olher sourc06 of dlffuse pollullon, water abslfacllon. and acllon almed al requlTlng Govemmenl to eslabll8h the requirod pollcles and resourcès Io feslor8 chalk slfeam and olher rivers lo Ihelr proper ecological slalus, $0 conseNlng them for fulure 98neralions. Rlverfly Censuslsmart Rlver8 Collectkng sp8de¥ 18vel Invertebrate data from rSver8 across England bolh piofesslonally IRlveTlly Census) and uslng tralned volunte8rs (SmartRlvews) lo ascerlaln the health of Ihelr water qU81ily by comparing dala lo a blomelric fingerprlnling model sel &galnsl lour par8mel8r8 waler flow, of9anic 8nrlrhmenl. nutrlent Iphosphale) enrlchmenl and sedlmenl. Sea Irout - fund Iow8rds inilialives lo grow awarèness of th8 pressures on soa Iroul and galhgr evidence lo Infonn slralegles and pollcles lo proteGI Ihem acTOSS thelr UK range. Fundraislng - funds Ye￿1ve￿ lo cover I1￿ salary 8ThJ support costs of Indlvidual employed for the sole purpose of fundraising and marketing for the charity. Forelgn curr8n¢lo8 A8sels and Ilablllllos In forebJn ¢urrerKles are I￿nE18ted Into slerllng al the rateB of exchange rullng al Ihe balance sheet dale. Transactions In foreign cuNencies aro Ifanslaled Into sterling al the rale ol exchange Nling at Iha date of Iransaction. Exchange differences are la(gn inlo account in arrivlng al Ihe operallng ￿su11. Continued... Page 22 WILD FISH CO SE ATION OTES TO THE FINANC OR THE YEAR ENDED 3 TATEMENTS - contlnu DECEMBE 2024 ACCOUNTING POLICIES - ¢ontlnuèd Penslon ¢08ts and oth8r post-retiroment boneflls The company conlribules to the personal p8nston KAans of certaln of ils employees. All employèès 8re ellglble lo be consldered for subsldy of Ihelr penslons. The company has deslgnated tho Scotlish Widows Stakeholder Penslon Scheme to meet the Government's condillons for stakeholder penskjns. Conlribullons are chargèd to Ihe Slalemenl of Financid Aclivlli6s in Ihe period lo which Ih8y rel81è. Invastmonts Sulplus cash Is déposlted In money mafkgl and deposlt accounts. Inveslmenls ar8 recognlsed Inlllally at cost whlch 1$ normally the It7nsactlon prlce excludlng Ifans8cllon costs. Subsequently, Ihey Ar8 slated al market value and all recognlsed galns and losses Included In Ihe Stalement of Flnancial Acllvilles (SOFA). Trade and other dobtor8 Trade and other dgblors ar8 measured at trans8cllon v81ue19$9 any Impalrm9nt108888 for bad and doubllul debls. Cash and ¢ash equlvalonls Cash and cash equlvalents comprlse cash and hlghly Ilquld bank 8ccounl8. Trad• and olher crèdllor8 TTade and olh8r ciedllors are measured al Ir8nsaclk)n v81u8. Lea8e8 Rentals pald under operallng leases are Included In the Stalem8nl of Fln8ncl81 Acllvllles on a slralghl-llne b8sIs Over the lease lemi. DONATIONS AND LEGACIE8 2024 2023 Legacles Mèmbershlp Income Spon$or8hlp, don811ons and oran18 56.962 159.609 540 571 146,255 693 381 757 142 OTHER TRADING ACTIVITIES 2024 2023 Fundralslng even18 and dr8W8 101631 The mAjorlty of thls income felates lo the annual aucllon. INVESTMENT INCOME 2024 2023 Inveslmenl Income Continued... Page 23 ILD FISH CONSERVATIO E8 TO THE FINANCIAL STATEMENTS - con HE YEAR ENDED 31 DECEMBER 2024 FO RAISING FUNDS Ralslng donatlong and legacles 2024 2023 Office ¢osts Recwilment and relenllon Iirecoverable val Enlerialnment and olhar costs 21,334 12.963 23,343 2,144 25,975 6,513 43,678 2,482 othor Iradlng acllvltle8 2024 2023 Adminlslrallon ol fundrabslng Offlce cosls Irrecoverablo val Fundraising events and draw8 Cost of sale stock 4.679 5.831 6,361 31.829 4,724 9,855 6,693 9,573 36,663 3,433 Aggrègale amounls 113 228 143 865 CHARITABLE ACTIVITIES COSTS Dlrecl Cosls (see note 8} Support Costs {$88 nole 9) Totals General Water Acllon Aquacullufe SmartRlver8 Fundraising 442,939 70,143 99,649 176,760 50,117 493,056 70,143 99,649 179,292 2,532 832,459 52,649 885,108 DIRECT COSTS OF CHARITABLE ACTIVITIE8 2024 2023 Slaff costs Member8 communlcalions Office Gosts Sundrles Educallon and Ifalnlng Prolecls and research Consullan¢les Trav81 ond subsislence Aquacullure W8ler Aollon Fundralslng SmarlRivers 599,146 33,053 10.921 491,553 34,413 9.559 2,064 129 3.471 19 8.329 53.6811 175,397 2,209 2,123 14,631 55,349 1,586 11,140 102,301 832,459 866,772 Continued... Page 24 ILDF SH CONSERVATIO NO FO E FINANCIAL ATEMENTS- contlnued EAR ENDED 31 DECEMBER 2024 THE SUPPORT COSTS Governan cogls G8neral SmartRlvers 50.117 Support costs, included In the above, are as follows: 2024 Tolal acllvllle8 2023 Total acllvllle5 Smart Rlver8 General Auditors, remunerallon Auditors, remUnerallc￿ for non audll work Office Insurance Truste&8 expenses Legal and professlonal fees Other cosls DeprÉclalh)n of tanglble fixed asse18 10.500 748 13,806 10,600 748 13,806 9.700 500 13.744 15,331 7.491 15,331 7,491 4773 13,354 6,804 10. NET (EXPENDITURE)IINCOME Nel lexpèndltur8)Ilncome Is 8laled 8fter charglngl{credlllng): 2024 2023 Audllors, remuneratlon Olher non4udll 89rvl¢g8 Depreclallon - owned assets Operallnglgase rentals 10,500 748 4773 645 9,700 500 6.074 645 11. TRUSTEES, REMUNERATION AND BENIEFIT8 There were no truslegs. remuneTatlon ￿ olhor benenis for the year eNJed 31 Deeembor 2024 nor lor Ihe year endèd 310ecember 2023. The lolal amount of employeo benefits recelved by key management personnel was £87.137. Tru8te88' expon808 The Irustees gre not pald a remuneralion bul are entltled to be relmbursed for out of pockel expens8S. Dudng 2024 no Iwste88 clalmed out of pocket ex￿n￿e8. Continugd... Page 25 WILD FISH CONSERVATION NOTE FOR TO THE FINANCIAL STATEMENTS - co E YEAR ENDED 31 DECEMBER 2024 12. STAFF COSTS 2024 2023 Wages and salarles Social securily costs Other penston cosls 513,030 50,360 429,672 39,548 599 148 491,553 The average moiithly number of employe8s durlng Ihe yearwas as follows.. 2024 12 Full tlme managemenl & admln Part Ilme Support 2023 13 12 Tho nurnb8r of employees whose employee beneflls (èxcludlng employer penslon Costs) exceeded £60,000 was: 2024 2023 £70,001- £80.000 £80,001- £90.000 Pen8lon co818 relallng to thesg emkqoy888 were £7,287 (2023:£3,7851. COMPARATIVE8 FOR THE STATEMENT OF FINANCIAL AGTIVITIES Unr6slri¢led fund$ 13. Rastricled funds Tolal funds INCOME AND ENDOWMENTS FROM Donallons and legacles 507,350 249,792 757,142 Other Ir8dlng acllvllles Inveslmenl Income Other Income 101,631 11.754 4993 101,631 11,754 47,558 Total 625,728 297,348 923,076 EXPENDITURE ON Ralslng funds 143.865 743,885 Charltable actlvltles General Junlors Fund Water Acllon Aquaculture SmartRlvers 338,859 338,859 129 256.148 155,274 166538 129 256,148 155,274 166 538 Tolal 482,724 578,089 1,060.813 Net galnsl 25,106 55,888 207,740 (99,649) (70,1431 {179,292) (74,543) (14,25S) 28,448 333 734 392 052 TOTAL FUNDS 882 851 998 336) 117 827} Contlnued... Page 29 WILD FISH CONSE VATION NOTES FOR T O THE FINA CIAL STATEMENTS - cont E YEAR ENDED 31 DECEMBER 2024 20. MOVEMENT IN FUNDS - conllnued Comparatlves for movement In funds N8t movement In funds Transfers between funds At 31.12.23 At1.1.23 Unrestrl¢ted fundB General Fund Deslgnated Fund- W8ler AclFon Rovalualk)n Reserve 390,735 170,000 10,896 143.004 (131,852) (170,000) 10 011) 401,887 571.631 144,169 (311,863) 403,937 Re$trlcted funds Junlors, Fund Aquaculluro Campalgnlsafvnon Fami Reform Water A¢llon (prevlously Chalkstream) Smart RlYef$ Sea Trout 1,261 1129) 1,132 328 (99,268 {209,895) 28,551 100,000 210,000 1,863 6,060 105 143,525 400 113,111 400 120 100 280 741) 311883 151222 TOTAL FUNDS 691731 136 $72) 555 169 Comparallve net movement In lund8. Included In Iho above aro a8 follows,. Incomlng resour¢es Resources 8xpendod Galns and losses Movèmgnl In funds Unr8strlcled fund8 General Fund Revaluallon Reserve 625,728 {482,7241 143.004 625,728 Re8trlcted fund8 JuDlors' Fund Aquacullure Campalgnlsalmon Fafm Reform Water Acllon (pravlously Chalkslream) Smart Rlvers Sea Trout 1462,724) 1.165 144,169 1129) (129) 66,006 46,253 195,089 {155,274) {256,148) (166,538) (99,268) 1209,895 28,551 570 089 280 741 TOTAL FUND8 923 076 (1060 B131 136.572 Tran8f6T8 botwo8n funds The Iruslees heve agreed lo the following contribullons Irom unreslTicled and designaled funds. Aquacullure Campalgnlsalmon Farm Refo￿ £70,000 (2023'.£11)0.000). Water Aclh)n £15.000 (2023.'£210,000} and Smart Rlvers £3,027 (2023:£1.863). Contlnued... Page 30 WILD ISH CONSERV TION NOTES T FORT THEF 14AN YEAR ENDED 3 TATEMENTS - contlnued DECEMBER 2D24 21. RELATED PARTY DISCLOSURES Donation5 lolalling £108 (2023:£2,547) weTe received from Ihe Ifustees and senlor managamenl. annual fundraising event liek6lsnot purchasesldonalions lolalling £7,254 (2023-.£4,720) were also recelvad from the Irustees and senior management as well as membership subscripiiong lolalling £733 (2023'.£6001. In addillon, £4.110 {net) was pald to a r61aled pariy of a TNslee for webslle malntenance. Th8 commerclal rale (or thesa servlces was esllmaled lo be £4,110 (net). One Tmstee secured £4.620 In donal1￿S lor complelSng the London Maralhon. There were no olher relaled party transacllons. 22. ULTIMATE CONTROLLING PARTY Wild Flsh Conservallon Is run by the Twstees. who are appolnled by Ihg Company Members. No Indlvldual m8mb6rllrustee has overall control. 23. LIABILITY OF MEMBERS The company does not have a Share Capllal and Is Ilmlted by guar￿188. In evenl ol th8 company belng wound up the maxlmum amounl by whlch each mombgr Is Ilabl8 lo conldbutols £1. There were 13 members al 31 December 2024 (2023 - 1 S memb8rs). Page 31 WILO FISH CONSE VA 10 TAILED STATEME TOF NANCIAL ACTMTIES OR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons andlogacles Legacles Membership Income Sponsorshlp, donatlons and granls 56.962 159,609 540.571 146,255 693,361 757,142 (Xhèr tradlng actlvltlg9 Fundral$lng events and draws 112,445 101,631 Inve8lmont Incomo Invè81menl Income 12,323 11,754 Olhgr Incom8 Olhor Incomo 52.549 Total Incomlng resources 882,851 923.076 EXPENDITURE Ra161ng donatlon8 and lègacle8 OfflGe costs Recrullment and retenuon Irrecoverable val Entèrlalnm8nl and other co$ls 21,334 12,963 23.343 25,975 6,513 43,678 59,784 78.648 other tradlng actlvltlo8 Admlnlslrallon of fundral$lng Offlce costs Irrecoverable val Fundralslng even18 and draws Cost of sale stock 4,679 5,831 6,381 31,829 9,885 5.693 9,573 36.663 53,444 65.217 Charltable actlvllles Wag85 Soc181 securlty Penslons Members communl¢aUons oirice cosls Sundrtes Educallon and ITainlng Projecls and research Consullancie$ Travel and subslslen¢e Carrled forward 613,030 50,36Q 35,756 33,053 10,921 429.672 39.548 22,333 34,413 9,559 2,064 129 3.471 2,209 2,123 14,631 662,083 8.329 549.537 Thls page d08s nol k)rm part of the stalMlory flnancial statements Page 32 WILD FISH CONSERVATION DETA FOR LED TATEMENT QF FINANC EYE R ENDED 31 DECEM IT ES ER 2024 2024 2023 Charltable actlvltles Brou9ht foThvard Aquacullure Water Act￿n SmartRlvers Fundralsln9 662,083 55,349 1,586 102,301 549,537 53,688 175,397 88.150 Support cost8 832,459 866,772 Governanc6 costs Audltor8' remun8rallon Audllors, remunerallon for non audit w Offlc8 Insur8ne8 Trusleès expenses Leg81 and professlonal fees Other cosls D8pr8clglion of fixtures and fllllng8- SmarfRivers Depreclallon of fixtures and Illllngs 10,500 748 13,806 9,700 500 13.744 15,331 7,491 2,532 13,354 6,804 3.688 62,649 SO.176 Total resources expended 998 336 1080,813 Nèl1gxpandllure)Iln¢om& belore galn8 and loszè$ Reallsed re¢ognl$ed galn• and108se8 Reallsed galnsl(losses) on fixed Inveslments Unre811sed Ilosse$Vgaln8 on fixed as$el Investmen18 (115.485) 1137,737> assel 1,185 10,011 Net {oxpgndlture)Iln¢ome 117827) 136.572) Thls page does not form part of Ihe slalulory financlal sl8lemenls Page 33