REGISTERED COMPANY NUMBER: 03346901 (England wd W•leB) REGISTERED CHARITY NUMBER-. 1162478 scornsH CHARITY NUMBER: SC040354 THE WILD TROUT TRUST LIMITED TRUSTEES, REPORT AND AUDifEO FINANCL4L STATEMElllS FOR THE YEAR ENDED 30 APRIL 2024 THE WILD TROUT TRUST LIMITED CONTENTS OF ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Page R*f•r•n¢• •nd Adnynl#tratlve Det•1 Tru•t•e•' R•port 2 to 7 R•port of th• Indgpgndont Audltor• 8 to 11 St•tsment ol Fln•nclal Actlvltl 12 8al*n¢• 8h••t 13 C••h FIDW St4t•m•nt 14 Not•• to th• Fln•n¢l•l Ststom•nt• 1S to 24 0ot•ll•d 8t*t•m•nt of Fln•ncl41 ActlvStl 25 to 26 THE WILD TROUT TRUST LIMITED REFERENCE ANO ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 APRIL 2024 TRUSTEES Dr G D Coley W D Fr8$ei Iresrgned 8 July 21r241 A M Harvèy M G Jacobs D J Lloyd I￿￿e&S8￿ 10 May 20241 N Lloyd (appointed 21 Jun• 20231 DrJMMant Dr GJ Mantle MBE G E S S&llgman C I Watson COMPANY SECRETARY D J Mamott REGISTEREO OFFICE Flrsl Floor, Unit 4 Broadlltld Court. Shefflèld, South York5h*e S8 OXF PRINCIPAL ADDRESS FREEPOST Wild Trout Trust REOISTERED COMPANY NUMBER 03345901 (England and Wa1•6 REGISTERED CfrIARifY NUMBER 1162478 SCOThISH CHARITY MUMBER SC046354 INDEPENDENT AUDITORS Hart Shew LLP, Ch8rtèr8d Ac¢ountsnts Stslulory Audllor, Europa Llnk, Sheffield, South Yothshire $9 IXU 8ANKER8 Thè Covoperalwe Bank plc, Th8 Fountsln P￿CIn¢t, Sheffiald S1 2JZ 8arclays Bank pic, SHEFFIELD CITY 2. Lelcestershir•, LE87 2BB PRESIDENT Jon Beer VICE-PRESIDENTS Ro55 Braym OBE stuart Crof(s OINer Edwards (deceaséd 22104120231 J&r¢my Paxman Ch8rfe5 Rangel8y-Wilson Dr Edw•rd Tw7ddy Brlan Clark& Sbr Gareth Eoknrds CBE Dennis Moss Paul Pioctèr Pat O'Reilly Matth8w Wright STAFF Sh8un Laonart1 DAvld M8rriott Theo Piko Dr Tim Jgcklln Andy Thomas Ni¢k Lawrence Christlna Bryant Dr Paul Gaskell Proles50r Jon Gr¥y Gerelh Podlèy Rob Mungovan VOLUNTEERS Den15e Aston Patrick Lloyd Neil Mundy Page 1 THE WILD TROUT TRUST LIMITED TRUSTEES. REPORT FOR THE YEAR ENDEO 30 APRIL 2024 The tru$lees who are also dirèctors of the charty for the purposes of the Companies Act 2006, present thoir r6POrt with the financial statements olthe charity forlhe year ended 30 April 2024. The fi'nanei•l statements have b•en prèpared in ae¢or¢Jan¢è with the a¢￿￿nting policies set out ift notes to the accounts and collyly with tho charitable company's memorandum and articles. the Charities Aet 2011 and Accounllng and Reporb'ng by Ch8Tit¢es.' Ststemént of Recomrr*ndtd Prnctice applicabl• lo tharrties preparing thèir accounts in accordance with the FinancS8l Reporting Standard applicable in thè UK and Rèpublic of Ireland IFRS1021 lèffe¢tive 1 January 20191. OBJECTIVES AND ACTIVITIES The ch8rrty's obJgcts as $81 out in th• •rtKl8s of associ8tknn 8re the adv8nc•m*nt of pubh'c edueatlon In th• prO￿￿tIOn of eonservetion for the pubh'c b&neftt of wild trotrt and their habitsts,. •eosysl8ms 8nd ènvironmènt, river and w8tor conservation and management and creation olwSld trout habllats. Wlld trout b¢lng defi'ned 8$ any trout that has been spawnad naturally including S8a trout. These obl8ctlv•s Érè achleved through th* prov151on ol lo￿l¢e and practical help tts landovmers, fi$hing clubs and other communty group5 Wrth an inttrrest the eonservetion of rwtirs, l•k•6 and their surrounds. In addition, wrr produces a raTr9e of educational materia15 and regul&rly contribut•s to eonferencfrs. workshops and seminèrs on Aquatic cons•Nalion and flshorl8s man8gem•nt. Thè dlrection ol th• Tru$1 i itèrBI?d through a five-yèar strategic plan and 8nnual busin•ss plan. Th• Iruslees conflrn that thèy have referred lo the gutdanc8 In thè Charrty Commisslon's genaral guld8n¢e on public b&n•fft wh&n reviewng the Trust'5 aims and obj•eb"vès and In plannlng future activltws. ACHIEVEMeNT AND PERFORMANCE Fundralslng actIV￿o&• Fundraising was ¢arTied out only by Tru81 st811 working very closèly with three volunteèrs, thwugh an annu¥l onllno auction, an annual rafflè Iwrth a f8lum cgmpleled to th• Gambling Commission) and fundraising events such 0$ anglin9 days. No professional lundraiser or commèrcl•l particSpator wès involved. Thè auction op•rnt8d under openly published tsrm5, condftbns and Prlvacy Polky. Tho Trust 18 nol a member ol the Fundralslng Regulator but adher•8 lo th¢ p￿n¢sPIes and pr8¢tlc¥s of the Codo of Fundraising Pr8clce. for example in relallon to tha woy we raised and used funds, our accounllng and reportin9 and hDW we PToc•ssèd pètsonal informalk)n and donations. ThÈrÉ were no compllgnce issues and no compkalnts rècèfved in connoctlon wf¢h any of th8 Trusf$ fijndiaislng aetfvrtla8. No vulnarable people y￿r* invofvad in Ih? Trusfs fundroislng aCt￿rtIes. Pagtr2 THE WILD TROUT TRUST LIMrrED TRUSTEES. REPORT FOR THE YEAR ENDED JO APRIL 2024 ACHIEVEMENT AND PERFORMANCE A Revlva7 of wrr's 23124 Y•*1 The core of what ￿ do is providing exp•rt l•chnical advice to Imp￿v• habttat for wlkl Iroul and all thè Idlrfe that alongsid8 them, doing practhcal work lo trffect that a￿1¢0 and Spreading enwronmental consomtion Th*ssag¢S to a8 wde an audl$nce as possib￿. Spr•adlng th• word We presented in-p*rsoti al 39 events lth• same numb8r a8 last y*•r. fyvo bèlow the five-yeer nwan 01411. with k>c81 clubs and other community groups, students. and large confgron¢es o.g. Sea Trout Contswnce, Dam R•ny)val Europe conlerences in Man¢h&steT and th• NetherL4ndE-, the totsl audience oxeoodod 1500 people. Wrth the Bea￿1 Trust we ran 8 first in the UK, IraSnlng day on fish and beaver Intsracts'ons. for many of the wildlrfe trust$. We producèd in-hous0 three informational vid•o$ Iln¢luding one on th• Snake Lane project that has lo det• attraetsd 75000 w18￿1, cornrr#8sioMd on• on the M8nthorp• projprt in Llncoln8hlre and pgrt-funded Chartes Rangele￿V#￿ls0n, Nar film which launched at the virtual Sportfish Shthv in Awil. Wo also contrlbul¥d to national inrtl•ttr¥•s, such 88 the Ch•lk6tr•*m Stratsgy and Impl•rrnntetbon Phn. The w•bsit• and social platforms ar6 vrtal for WQfd sprèading. In 23r24. th• w•bsita attracted on average 25tKJO vishots pcm. up 9% on 22r23, wrth more modast In¢r••se8 In followern on th& Var￿￿$ so¢lal rrtsdia plallorms. Thv Trust's YouTub• Channol saw hug• Incr••ses in vl•w numb•rs, •round 200% up on the pr8vlou8 y88r. Our eommunI¢91knn lo¢uses on trout aeology, factors Impathng rNgrn land thelr trout) and whst might be dono to help lrte In •nd around the li￿r, Including tsckling impacts from ￿lIcUmUrQ, the wat8r industry and clim8t• ch8ngè. We aim to pro￿￿• mu¢h-noèd8d balance lo infom) d8batos all too often polarlsad into 'forf and '8981n5Y camps, for ￿8mple Ihos• around beavfjr reintroduGlon, and sewage pollution. Scl•nc• S¥vor•l of our staff, including our Research and Con8èmtion Officer, Profos￿r Jonny Grey, maintain close links to •¢*demw, including involvemènt with rel￿4nt rese8rch at the unmrnities of &'rmingham. Dutham, Hlghland$ and Islands, Hull. Lan¢astèr and London. Our annual joumal, Sjlmo Trutta, d￿trIbUted to at l•ast 4000 yople. includes 8rticles where academic resgarch is twar￿lated into thè practKal roalm.. in 2024, with pi•c•s on the importanc& of dNeTse phy5kal habii*t, thrfjats to $88 trout in fresfNMter, the 9¢notic structuring of sea troyt In the Eng116h Channal, water quelty and rt8 Èeological impact, sax (Jatsmiination and trout research in Fin18nd and Iceland. Page 3 THE WILO TROiIT TRUST LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2024 Advlce and practkal rlver m•tOT4tlon We completed 213 odvtsory site vlBtt8 Trn the year, auoss England and parts of Ireland and Scottand, 25 less than last yeer and 4% below the fv&y&ar m8an ot 221. Some of the visits asses5?d discrete sites le.g. a 51ngle weir) through lo on Oorset's R￿eT Allen that covoi¢d the Who￿ 123kml sub-¢ot¢hment, a full geographical sprggd from D*von lo Fire and NorfoVK to Sligo. We worked on 95 pra¢tkal projects. 16 rrnrts than108t year and 38% above the fi￿-yè￿r m••D 0169. Many tsf Iheso events ￿re days in tho river wlth a group of volunttOf8, with several more 8ignilicant prtslo¢t$ ¢1 on& to Iwo w8•ks on varK)us Aire Iributafies, lh• Hampshlm Boume, Ilchan, Kenn•t and M81. Addrtlonally, s¢oping $nd ￿?￿10pment wag complètod on ¥ lurther 6￿te￿n proj•¢ts •cross England,. hopefulty. nascant prol•cts th8twlll ¢omo to fruttKJn in fubjra yèars. La•t worth In tho 23r24 y681. our Stsff l•am con818ted ol a Dlr•etor of Operations, eight COns•ThA￿¢￿ Offi¢ers. a R•s681ch and Con5ervatlon OMc•r, a Trust and D4ta Managér and a Company Sotretsry. Our inv•luabl• volunteer Ynrk force w88 larg•, numberlng arosjnd 2000 acro8$ th• yvjer, key ind￿d￿J16 such 08 Dtrni8e Asmon, Patrick Lloyd •nd Neil Mundy. A major part of OUT suceess is tho SUPPOrt and generosmy of our 8LlPPOrters vtho eontribut•d through vthrfous fundr8i3ers and m&mbèrshlp donations., we w•r• plèased to wglcom& 259 m&m￿r$ In a totsl of 2856 m8wrt>èrs in 23rd4, 8% abovè the fv&-ye&r mean. Ouf many parlnern anb)ng slslor NGOS, industry and the hlghty productfve partn•rshlp wth the fi'stteries laams of Environm6nt Agency ara vital in all that wo do,. thank you. Page 4 THE WILD TROUT TRUST LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2024 FINANCIAL REVIEW General donotion8 and grants of £787.793 12023.. £1.230,139} wer8 receNed predorThnantly from th• Environment Agency for specific Conservation projects. M•mb*rship inconw was £90,922 compared to £89,076 in 2023. Funds raised via auctions. r8ffl$$, ovents, sales and AdvertJ'$ing tolalw £100.77312023'. £107,019) and bank interèst r&¢&ivable was £23,56412023", £5,133). Total inconE fell to E1,006,799 from £1,456,757 in thè prgvious financial year which w85 Pfimarily due to a largè ctsnswvation project in 2022r23 at Snake Lane managed on behalf of the Envlronmenl Agency requiring a s￿nthCant amount of faw materials 8nd use of external contractors. During th8 year, consèrvatlon proffi8Ct cos15 ware £890,26312023.. £1.249.3901. Costs ol raising funds during th• y&ar wer6 £91.BO412023". £93,723) and tot81 tsxpendrture £982.Cé712023.. t1.343,1131. Not income for thè y*ar w¥8 £24,732 with ovarall lund5 Df £1.150,117. Thè trustees consider th& financ141 posf(ion to be good.. funds ar• mainly held In liquid a55et5 and suffici•nt funds are held In order to carry out •ctlvities IOT the forg$8•abb futurt. R•••r¥è• polky The trustees consid•r that thè charity requir8s fr•• r•s•N•$ sufficient lo act 8$ 8 buffer agalnst unexp•ctèd falls in donation incom8, unbudgetod administratlon •xp&nEes or a well-formèd rèquèst for an immedlate donatlon. Our tsrget level free r&seN•$ Should 85 a mlnim¢Jm cov•r 6 monlhg oporating eosts which were budgeted at £123k for 2024125. Fr¢È re8eNes or• unr8stri¢led general funds held In ¢8sh and cash equivalènts not commrtted, d•8ignat8d or re51Ticted to any partieular purpose and at 30 April 2024 stood at £279,844 The trustees ar• thèrèlor8 sali8tied that sufficiènt r•$èrves are avai18bl• to •n¥blg the chartty to op&r•t• lorth• foreseeable futurn and m￿.9?1￿ th• risks Klanllfi•d. D•$ign•ted fvnd6 repres•nt amounts $•t a8lde at th• INstèès' dl$cretion for p8rticul•r purpose* or athities, os Ilst•d In note le. They are not included In tree Teserves beeau$* the fvnds have been earmarkèEI for other purptssès or r•pTe8•nl amounts tho1 can only be r•ah$•d by disposing of tha chgritli fix•d asBets. Restricted funds f•prè$gnt fvnding rec•lved for spèclfic projects as at 30 April 2024 tolalleil £863,078. Sln¢e proj8Cts arè undort•ken when funds have been recewed, this rèprtrsents th8 unèxpand¢d balance on prol8cts uncOmpl￿9d or yet to comm•nc•. PLANS FOR FUTURE PERIODS The Irusteeg plan to continu• the ¢harily'$ aims of public oducalion In and the promOt￿n ol conservetlon of Id trout and thèlr h8bital$, ecosystems And environment, rfver and w&t8r conservatK)n 8nd management, building on their 6xlstlng A¢tfvf¢i85 and prolèets. Wlth many years of èxperience. the charity is abl• to ollDcate resources to best ￿￿et to PUf3ue rts objectN•s. Page 5 THE WILD TROUT TRUST LIMITEO TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2024 STRUCTURE, QOVERNANCE AND MANAGEMENT The Wild Trout Trust Limilgd Icompany number 33459011 was incofpofated on 7 April 1997 and remained dorm8nt untll 1 August 2015, when the assets of the former unincorporated charty, The ￿'Id TTOLrt Trust (Charity number 1077041, Scottish Charity numb•r SC03Y8621, were doTrat•d tD lh* charitable company (Charrty number 1162478, Scottish Charty number SC046354}- Th? charrtablb company Is governed by its art￿leS of associatipn as adopted on 16 Junè 201S. Th8 busingss ofthe ¢haTty is managed by rts dire¢tor3. who are the charity'$ trusl•es. Sel•ctlon and tr*inlng ¢ltru•t••• Trustees may b8 appointed by the charly in gènw•l meeting or by th8 Qthèr dSr¥ctors and there must b• Jt least tsvo trust•&s. Trustèès must not b• •mployad by the chaTty or receiv• any remuneration. Trustees ar• nomlnated based on their ¥xp•iS¥nce. empathy and prol•s$ional 6ki116 to en$uro tho compogrtion of th¥ Bo8rd $uppDrts th8 n••ds ofth• ¢harty. Induction is through infomMI dialogue, meeting$ w6th tho Chalrrnon and lonnal 808rd Th¢lng8 ￿th relevant P8p&rs as$•mblèd In thè Wild Trout Trust Prln¢lp81 DocuTnenls Handbook. All Iruslees and staff arn •ncouraged lo undèrtak• tralning where nee￿8•ry to ènabl¢ them to dlscharg¢ theiT respon$ibilrt1•8 more effectwely. P•y pollcy for Mnl¢x omploy• Th8 r8mun8rotion ol paisonnèl 1$ dthemin•d by thé trusteès end sèt out in théir eryloyment contracts. As $u¢h, the remun•ration of tha project director M sat under an employm8nt eontr*d made wrth tha unincorporated eh8rity and its trustses and laktn over by the charitabla company, notsvrth5tanding th¥ provision that directors may not b• •ry)Ioy8d by thè ¢harrty or receive any remungralkjn under th• company'$ artlclas. TRUSTEES, RESPONSIBILITY STATEMENT Thg trustees (who ala also th• dlrectOTS ol Th• Tfoui Trust Limited lor th• purpos•$ of corroany law ara rèsponsible for prep8ring Ihè TNsle•s' Report and tha financial 51atem8nts in accordgn¢o applicab law and Unlted Kingdom Accounts'ng *•ndard8 (United Klngdom G&n•rally Acc8pled Accountlng Practbctsl. Company law requires tho tru8t6•s lo prepare flnancial stst8m•nts for trach financial y••r whS¢h gNe a true and falr view of the State of 8ff8ir5 of *he charrtable company •nd of the incomin9 resourc*¥ and application of resour¢ès, Including the incomo and expendiluie, ol the charitsblo company for that poriod. In preparing those financial statements, the trustees arè r$guiied lo elocl suitablg 8¢¢ounling p¢lleie6 and th&n apply them conslst•ntly', obsaTV• the m*thod5 and principles in the Charty SORP.. mak6judgèm8ntS 8nd esbmate5 that are reasonable and prudent, prepare the financial statèments on the going concem basis unless it is inappropriats lo pr8svme th81 th& charf(abh company will continue in busin¥s$, The trustees ro$ptsnsible for keepln9 pfopei accountSng records thich dis¢h)se with reasonable accuracy at any lime the financial ptts6tion of the cttantablè company and to •nab18 them to ensure that thè financial st8t*mènls comply wrth Ihe Companies Act 2(￿6. They 8re a150 responsibkn for 5afgguarding the assets ol thè ¢harrtable company and hèneè for taking reasonable steps for the prevention and d&t8Ction of fraud and othèr iregulanties. Page 6 THE WILD TROUT TRUST LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2024 In 80 far as the trusteos ar¢ aw&re' there is no relovant avdtt Infomwtion of whlch the charitable comp8nVs audIt0￿ are unaware., and the trustees hav& teken all steps that they ought lo have takèn to make therrtselves aware of any relevant audr( informalion and to establish thatthè audrtors are awaro of that infvrmation. Thls report has boen pr&pgred In accordanco wnh thts special pmvislon¥ of Part 15 of th• Companies Act 2006 rèl•b'ng to Small companies. Approved by order ol th• bDard of trusteK on . nd Signed on its b•￿￿ by.. Dr G D Coley- Tru$te8 Pag8 7 REPORT OF THE INDEPENDENT AuoifoRS TO THE MEMBERS OF THE WILD TROUT TRUST LIMITED Oplnlon WO havè 8udrted the financial stat8menls of The Wild Trout Tru51 Lirn￿d Ilhe 'ehartsbl$ company'l for th• year ended 30 April 2024 which comprise the Statèment ol Financtal Activitiès. the Balance Sheet. th• Cash Flow Slat•m8nt and notes lo th8 frnaneial statemgnts. including a sumrnary of 5ignrfK8nt accounknng p)licios. The financbal rgporting liamework that has been appli8d in their pr8P8ration is applicabl& law and Unf(ed Qngdom Accounting Standards lun￿0￿ Kingdom Generally Accepted Accountin9 Pradice}. In OUT opinion the financial statements. gwe a trué and lair view of the stat8 of tho charbtable company'$ affalrs as at 30 April 2024 8n*y Of ft5 incomlng resources and applieation of rèsources, including 115 income and &xp8ndllura, for the yeer then endèd.. hav* been property pr•paied in accordanc• wth Unlted Kingdom Genèrally Accepted Accovnling Practice,. and havè begn Pfepaied in accordanea wlth the requirements oflhe Companies Act 20￿. Bao1¥ for op5nlon We conducted our oudf( In accordanc• wtth Intèmallonal Standards on Audf(Ing IUKI IISAS IUKII and applic¥blg law. Our responsibilrtlos under those $tandard$ are furth•r dèscrib•d in the Auditors, responsibilitles lor tha audr( of the flnancial ststements s•ction of our report. We are indep•nd8nl ol the ch8rrtablè ¢ompany in accordane• w￿h the ethlcal requlroments th81 are relevant to our audtt of the financial stslemenls in the UK, Including the FRC'S Ethical Standard, and wè h•v? luifillod our othèr athieal r•$ponsibllilies in accordanc8 wf(h these requirement$. We belleve that th• audit evidence we have obtained 15 sufficient and approprtate to providè a basis for our oplnion. Conclu•k>n8 r•14ting to golng COn￿rn In audrting thg financial 8t8tèmants, we have conclud•d that the tru6188$' us• of tho golng concern b•sls of accounlkng in th• pr•p8r811on of the flnanclal stst•ments15 appropriat•, Based on ttt• work wtt hev• porform¢¢J, w¢ have not td•ntth8d any matsrtal unc8rt9intlos r•laiing lo evenl$ or ¢ondilions lttal, Indwidualty or collectively. may cast signlficant doubt on th• charitable company's abilty tg onlinue as a going ¢oncem for g p8riod of 41 l•a51 fvrf8fv8 months from when the financlal sts18monts aro authoris•d for isiue. Our rèspon8ibililles and tho rospon$lbIlit￿S 01 th• trust¢•s with r•8p•ct to golng eon¢ern 8r• deseTlb•d In the relevaril 50Ctions of Ihls r•port. Oth•r Inlormwtloth Tha truste85 are respon8ibl8 for the other informllion. The oth•r informatton cornprfses th• inft)rmlion includèd In tho Annuol Raport, other than the fi'n•n¢ièl staten￿nts and our Roport of th• Indépondenl Auditors Ihereon. Our opbnion on the fin•nclg1 $t•tsm8nt5 do•s not ¢over the ot￿1 Information •nd, excapt to tho oxtènt othe￿$￿& explicitly slAt8d in our raport. wè do not express any fomi of assuranc• conclusion thereon. In Connection wf(h our ol the fin8nei81 stglernents, our r•£pon$ibSlity 18 to read thè other information and, in doing $0, ¢onsid8r whathar the other infortn8tion 18 materially in¢on$lslenl with the financial stst•m¢nt5 or our knowl8dg8 obtsined in tho audit OT othorwise app88rs to bg materially mlsslated. If w8 denlify such matarial inctsnsislencies er apparent matert81 mis5t8terrenls, w8 alè requirgd to del&rminè whether this gNes rise to a material mlsst81ew￿nt in thè financial statements themselve5. If, based Oh the work w8 have pèrformed, we concludt th8t there is a maten81 rni5slalement of thi$ other inlormalion, wè arè required to report th81 fact Vve havo nothing to report in thls fogard. Oplnlonj on other mattors pre8crlb•d by the Companl•s Act 2006 In our opinion, ba58d on the woth undertaken in the course of the audrt.. thè Infomation gwen in the Trustees, Rèport for the financial y•ar for which the financial slat￿nt3 are prepargd is consistent with the financial slatèkrnnts., and the Tnjstees, Report has been prepared in accctr¢Jance wrth appli¢abb1ogal requir8m8nt$. Pagé 8 REPORT OF THE INDEPENDENT AUDITORS YO THE MEMBERS OF THE WILD TROUT TRUST UMITED Mattern on whltth vrn are required to report by •x¢eption In th6 light of the knowl8dg6 and und8rslanding of the charf(abl8 company and it8 envlronment obtsined in the course of the avdrt, ￿ hav8 not identified mat8rial misstatements in the Trust•es' Report. We have nothing to rgport in respect olthe following matters whore thg Compan188 Act 2006 requ¥es us to report to you rf. In our oplnion.. adèquate 8ccounting records havg not been kept or retums •dèquate for our audrt hav• not bèen received from bfanehès not Vi51ted by us,. or the linaneial statement8 are not in agr6èmènt the accounts'ng r8eords and retums.. or certain disclosures ol Irustee$' wmuneralion specified by law are not made., or we have not rècèiwd 811 the information and 8xp18nalions w8 r•quirè for our audit". or the trusteès were not èntrtl8d to take advantage of the small ¢ompanies exempts'on Irom Ihè requirement lo prepar• a Stratsgic Rèport or In preparing thè trustees. Report. R•¥pon•lbllltle8 of tru8t•¢• As èxplained rnore fully in th• Trustèès, R6sponslbllllles Statement, the trustee6 Iwho are also the director8 ol the ch8ritabl& eompany for the purposes of comp8ny lawl are responsibl• for thè preparation ol thè financial statem*nls and for being satisffg1S th81 they gfve a true and fair vi¢w, and for such internal control 86 th• Iru$t?es determine is nec•5sary to enable the preparation of financial statements th* are Iree from m8t8rkg1 M￿St￿taM&nt, wh•thor dug to fr•ud w •rror. In preparing th• financlal stalemenls, the tru$t¢os alè r¢sponsibl8 for assgsslng the ¢harll8bl& company's abs1￿Y to contlnue as a golng ¢onc•m, disclosing, as applicabl•, matters related to golng concern and using Ihg golng concem basis of accountlng unless the truste$$ &ilher Intend lo liquidal• the charttable company or to ce8s• oper•tiOn8, or have no reallstic a*8rnalN¢ bul tts do 60. Our mponiibllltl•s k+r the audrt of the ftn4ncl•l 8t•t•m•nts Our oblectlves are to obtaln re8sonable assuranee about whether th8 finon¢lal $18temèn16 as a wholo are free from material misstalemenl, whethér due to fraud or •rror. and lo issue a Report of th• Ind8pendent Auditors that includes our opinion. Rèasonable assuran¢É Is a high level of a88urance, but is not 8 guarante• that an audit condu¢t*d In accordance with ISAS IUKI will always d8ta¢t a matsrial misslatemenl wh*n 11 exists. Misslaltmonts can arlse from fraud or error and ai8 consldered material if, individually or in th6 8ggr•ualts. they could reasonably be expect•d to influènea th• econom￿ dfrclslons ol use15 taken on tha basls ol these fmancial slat•m&nts. Extent to whlch th• audlt wa• con•kler•d ¢•pabl• ol d•t•ctlTrg Irr4gularttl••. Includlng fraud and th• •udlt r••pon•¢ Irregularilios, including fr#ud, Fjrg instanc•s ol non4ompliance wth laws and regulatlons. W• design procèdures In Ilne wrth our r•sponsibi1f(ies, outllnèd above, to detoct mat¢rial mlssl818menls in r•sp•¢t of irregularrties, including fraud. The •xt•nt to which our procedure$ 8re capable of d&t•cting Irregu18rf(le5. Including Iraud, 18 detsiled bélow. We have asses$$d the overall suscep*lbilty of the financlal statèmènts to material misstst•trnnt duts lo Irregularrties as low. At the pl?nnlng Sta￿ w• identbfied a￿aS ol law5 and regulations that could reysonably be expectèd to have leTial effèct on thè financial slalements from our general commèrcl&l and sector experience and through discussion w((h the directors and other management, as rèquired by auditing stsnd&rds. Th& potential eff6ct of any laws and r8gulatson on the financial stal8m•nts can vary considerabty. Thère are laws and règulations that direcyy affect the financtal stat8ments le.g. th8 Companies Acll as well 8$ m8ny other operation81 laws end regulations wh•re the consequenc•s of non-complianc& could h8V8 a material effocl on amounts or dlsclosures in the financlal stattrmenls. (￿ling tts thè 51ze, nature and cornplèxity ol the organi5ation and the applicabla laws and regulations to which rt musl adhere. the risk ol matorlal nThsstat8mtrnl w88 deemed to b• low. ther0foTe the procedures pèrtormed by th• avdit tgam were limited to.. Page 9 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE WILD TROIJT TRUST LIIAITED Comnwnicaling idèntified laws and regul8tlon$ at piqnnin9 throughout the audf( team lo r•main alert to any indications of non-compliance throughout the audit. Enquiry of management and those charged with governance around a(*ual and potsntk?15rt¥ation and ¢lalm$ a5 well a5 non-compliancè wrth 18w5 and regulations. Reviewin9 minutes of ma8bng$ ofthose charged wllh governance. Reviewing financ￿1 ststement disclosures and tèsting to Supporting documèntation to assess corryJlban¢e with applicablo laws ants regulatK)ns. We have a83essed the overnll su8ceptlbilty Dfthè financlal statements to matèrial mi5stslement dua to fraud 85 low b8eaus8 thè nature of th8 charitablè cgmpany does not parb'cularly lend rtself to fraud. Management overrfd8 is inher•ntly hpjh risk on any audti. IAan•gem8nt overrKle, vthich may cause there to be a material misstatgmant wSthin the financial ststoments, may pre88nt tself Sn a number of ways, lor example.. Override of Int8rnal controls le.g. s8gregatlon ol duties} Entèring Into transactions outsld* thè normal cours• of busin936, especially wlth r¢latod partie8 Fraudul&nl rav•nu& r•cognition, including fict￿0￿& sales and s•l&s balng f•¢orded in the wrong p•rkJd Pr&santing bias in a￿OUntIng judgam8nt6 and estlmato8. In ordtr lo r•duca tha rlsk ol material misststomtsnt lo an acceptabk? Iwèl, num•rThJs audrt proc•dur•s wer rtormtrd including.. Enquirl•$ ol management as to whèth•rthey had any knowL•dye of any aGlual or $u$p•¢t•d fraud Review of material journal •ntrtes n*de throughout the ￿r a$ well a$ th08è mad• to Pf•p8r• the rinancig18t8lements R￿1￿Ing the underlying ratlong16 bohSnd transactions in order to a38•ss wh•th*r they werè outs￿• tho normal course of business R￿1￿1￿9 the mlnules of m8ètings held by man8￿m•￿t, In¢rtrased substanlivè t*stlng across all matèrfal Incomè streams Assessing wh8th8r manag8￿￿nt'S judgoments end eslimat6s Indlc8led potential bl•s C%ving lo th? inheTenl limrtalions of an •udlt, Ih8r• is an unwoldable rlsk th•t w• may not have d•l•clgd malarial rnis$talements In the linancl81 statem8nts, evan though we have p8rform•d our audit in accordanc• •udf¢ing 8landards. Furth•rynoiè, a5 Wrth all audits, there is a high•r nsk of irregularthes l•sp¥¢lally thos* ro18llng lo Iraudl bain# undet8cled, a5 th85e may invo￿• th• ovèrridtr of Internal contiols, rollu5ion, inl8nlional omS$$ions and mlsrepr8s8ntatlon$ tlc. W8 are not ￿sPonsIble for piev•nts'n9 non-complianc• or fraud and thei8fore cannot ba •xpècted lo detect all kn$18nres of such. Our audrt wa5 not design¢d to id•nkn"fy mlsslat•monts or othèr irregularities that would not be considèrèd to be rnalerial to th¥ financi81 statèmtnl$. The furthar f¢mo￿d non-compli8nca wlth laws and rogulallon8 is from tha •￿￿1$ and tran$•ctions r&fi8¢tèd in the financial 8tat•mant$, tho less Ilkely w• would become awar• of tt. A further dascription of our r•sponsibiSKlo$ for the audit olth• hnBncl81 Btatem8nts is loc4t&d on the Financhl R•porting Council's websrte at Yh¥w.frc.org.uklaudrtorsrèsponsibilitl&s. ThL8 d•5criplion fomB part of our Report ofthfr Independent Audttors. Page 10 REPORT OF THE INDEPENDENT A{1D￿OR8 TO THE MEMBERS OF THE WILD TROUT TRUST LIM￿ED Use of our report This report is mado sololy to the charrtable companys n*mbers. as a body, in accordance wrth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has b••n undertaken so that wa mwht Slate to th& chartsb19 ￿rnpan￿$ m8mbers Ih05e matters we aro required to Btate to th•m in 4n audf(ors' r8port and for no oth8T purpose. To the fulknsl extent poimitted by law, wè do not gccept or assume responsibility to anyonè other than the ehant&ble company and th8 charitabl• companys rr￿MberS as a body, frJr our audit worK for this report, or for the opinions we h8ve forThd. qqLL Plartln McDonagh (Sonior Statutory Auditor) lor and on bèhalf of Hart Shaw LLP Ch8rtered Accountants ststulory Audltor Europ4 Llnk Shèffield South Yorkshire S9 1XU Dal•'. Page 11 THE WILD TROUT TRUST LIMITEO STATEMENT OF FINANCIAL AcTIV￿lEs IINCORPOFIATING AN INCOME ANO EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2024 2024 Tot•1 fund¥ 2023 Totsl fijnds Unrgstrlcted Restricts¢J fvnd8 fijnd N¢t*s INCOME AND ENDOWMENTS FROM Donations and grants 229,725 052,737 882A02 1.344.605 Olhgr Iroding activjties Investment incorr 100,773 11x1,773 23.$64 107,019 Total 1006 799 1458 757 EXPENDITURE ON Ralsing funds 91.804 91m4 93.723 Charltabl• aotlvlti•8 Conservation proJ•ct costs 8616J7 1249 390 Total 320 410 861657 1343113 NET INCOMEIIEXPENOITURE) Tr4n8tsr¥ b8lw••n fund• 33,e52 18.920) 10 ￿10 24.732 113,644 18 N•t movement In fund• 18,930} 24.732 113,644 RECONCILIATION OF FUNDS Totsl funds brought forw•rd 463.379 672.008 1,126,388 1.011,741 TOTAL FUNOS CARRIED FORWARD I ISO 117 1 125 385 Tha nota$ klrm part ofthese flnancial ststements Page 12 THE WILD TROUT TRUST UMITED (REGISTERED NUMBER: 03345W1) BALANCE SHEET 30 APRIL 2024 2024 Total nd8 2023 Total lunds Unrestricted Rtssldcted funds fund Notes FIXED ASSETS Tangibl8 assets 12 3.OB1 3JJ81 4,615 CURRENT ASSETS Stocks Debtors Cash at bank 13 14 2,887 12.984 SAS7 876 01406 ￿45 2,687 18,441 1 177 851 3.454 57.410 1 097 912 517,077 081.702 1.198.779 1,158.776 CREDITORS Amounts falling due wthin oné year 15 {33,1171 151,743 138,0081 NET CURRENT ASSETS 663 076 1147 036 t 120 770 TOTAL ASSETS LESS CURRENT LIABIL ￿lES 487,041 063,078 1,150,117 1,125,385 NET ASSETS 663 076 1150 117 1125385 FUNDS Unre8lrlcted funds ReStr￿tad lunds 18 487,041 063 078 453,379 672 006 TOTAL FUNDS 1150117 1 125 385 These financl41 staten￿nIS hava been prepared in acctsrdance with th• piovislons applicabb to ¢harrtabl6 ¢ompanles Subj•￿ lo the 5nwll comp8nie8 regNne. The linan¢ial 6tatem8nts wrts approv8d by the Board of TN3teei and authori$¥d lor i5su• on and wero signed on rts behalf by". G D Coley- Trustee The notes lorm part ofthese fin#n¢ial 81atements Pag6 13 THE WILD TROUT TRUST LIMITED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 1024 2024 2023 Note8 Cash Ik>vrt from operaaing acll¥ttl•• Cash 9eneraled from operatsjns 18 40 4541 Net cash provNJed by I lusgd in) oper8tlng activitles 40 4541 Ca•h from Inv•stlng *ctlvltt•* Purchas• of tangible fLxod a55ets Int81851 recelved 12,9361 Net cash provklod by Inv8sting athvltée5 Ch*ngt In ca•h •nd •qulv•hnts In thts rewllng perir 79.739 138.2571 C••h and ea¥h oqulv•lent• at th• btylnnlng ofthe rnportlng p•rl¢d 1097 912 1 136 189 CMh and cmh •qulv•l•nts at th• •nd of th• r•portlng p•rl¢(I 1 177 651 1097 912 Th¢ note$ ft)rm part ofthg$9 financial statements Pagè 14 THE WILD TROUT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 ACCOUNTING POLICIES 8ui¥ of pr•parntlon The Wild Trout Trust Limitet11s a ¢harrtable company incorporated in En9land and Wa1&5, a regist8r•d charbty and a Scottish ¢h81ty and rrEets thg definf(ion of a public benefrt ¥ntty under FRS 102. Th• company is limited by guarant8•. The Iinancial stat•mènts havè been prepared in ac¢ordgnce with the Sl8tement of Recommended Practice. Accounting and Reporting by Charitiès preparing their a￿OUThts in aeeofdan¢é wtth the Financlal Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 issu*d in Odober 2019, th8 Charities Act 2011, th• Charfty Accounts (Scotlandl R•gulation$ 200618$ arrnndedl, th8 Companles Act 2006 and UK G*nÈrally Accepted Pr8ctie•. The financial st8t•mènts #re prepared on a going coTrcern basis under th8 htslorical cost convèntlon. Th&ro ar* no mattrlal uncert8intie$ regardlng the ststus of the charity as a going concern The significent accounting poli¢i•8 applled in the preparntion of these finan¢ial stalgments are set out below. Th8so polS¢10s have been consi$t8nlly applled to all Y•0￿ pr*sent•d unless oth•rwi8g ststed. Income Income Is rgcognlsed when the chaTty ha$ ¢nllllen*nt to the funds after any performancè conditions havè b&on mtrl, rt 15 probabl• th91 the Income wlll ba rèceived and the amount Can be measured r•llabty. Tha folknwing $p¢ci11c policies ar• appli•d lo particular cal•gori•s of Sncorro.'- For donations to bè recognis8d th• eharity will have beèn notrfi8d ol the amounts and tha settlement dale In wrttlng. If there are condibons attached to th• do￿a￿On and thls r•quires a lèvel of p•rfomance befoie entiuemènl ¢an be obtain•d th•Tr Income is deferred until those COnd￿.0nS ar• fully ￿1 or the fijifilmènt ol those condi(ions 1$ wlhin thé control Ctf the charity and r( is probabl8 that they wlll b• lu111118d. Income from grants Is r0cognis8d al lfyir valut when th• chanty ha$ *nl(tlemont 8ftèr any pvjrformanco condkions have been met, it is probable that th• incom& ￿1( be receiv8d and the amount can b$ measured Teliably. If enlitlemenl is not met Ih8n Ih95e amounts ar• d8ferr¥d. Oonaled facilrti•s and dtsnatèd PToless+on81 sèNu$ ar8 T•cognis8d In Income at their fair v8lu• whèn thelr econonlc bettefrt probable, ￿ can bt measured rèliabty and the chavrty has eonlrol ovèr the am. FAir valu• 15 determinod on tho basis of the valu8 ol the glft lo the charty, No amotsnt is includ•d in the financial ststem•nl$ for volunteer lim8 In line wrth the SORP IFRS 1021. Income from oth•r Ir•¢Jing actfv+ti•s Includ¢$ amount8 r8calvo0 trom auctlons and rafflas, fundralsing ev•nts, the Bale of marchandistr and advertising. Glfts In kind donated r•sal& aro included as nctsme from othertrading 4ctivities upon sal•. Investment Income represents intèrèst receivabl• on UK bank deposits. reoognl$8d whèn recelvabl• by the chAnty. Exp•ndltsr8 All expondrture Is 4ccounted for on An ac¢ruaSs basis 1$ recognised wh•r• thère is a leg81 or eonstructwe obligation to m8ke payments to third parti85, It is Probab￿ that the setheThnt wlll be required and the an￿Unt ol th• ¢blloatlon can be m•asuied reliably, 11 is cateyorised und•r thè lollowng headings.. Costs of ralslng fvnds comprise costs ro18ting lo other trodlng activfa'es and those costs incurr•d in s8•king voluntsry contributions. Charitable expenditure compris8$ th059 costs Sncurrad by thè charty In the delivery of ts aCt￿l￿e5 and s&Nices for rts benèfieiaries. 11 includes both costs that can bg alKi¢al¢d directly lo s¢Jch acSvrties nd those costs Dfan indirect natura nèeès5ary to support th¥m. P•ge 15 ontinued... THE WILD TROUT TRUST LIMITED NOTES TO THE FhlANCIAL STATEMENTS - contlnu•d FOR THE YEAR ENDEO 30 APRIL 2024 ACCOLINTIN as attributab￿ to unr8stri¢ted and £652,737 12023." £1,083.0601 was attributabltt to r&$trict•d fvnd$. OTHeR TIIADING ACTIVITIE8 2024 2023 Merchandlse sal•s Auth"ons and Taffl8s 2,571 4,988 107019 In¢om& from oth•r tradlng 8thrt1&118 solely attdbul•bh to unre8tr1ct•d funds. INvesTMENT INCOME 2024 2023 UK bank knt•r•st Invostrn&nt IncoTh* l& solaty gttrfbulable to unrestrkt•d fund8. Pagt 17 ¢ontsnued... THE WILD TROUT TRUST LIMITED NOTES TO THE FhYANCIAL STATEMENTS- contlnu•d FOR THE YEAR ENDED 30 APRIL 2024 IIAISING FUNDS Oth•r tFadlng activltl•8 2024 2023 Purchases Advertising. prSThtyng and publlshing Au¢tion5 Support costs 2,382 27,453 10.415 2.512 24,251 11,177 Exp•ndKuTè incurred on other trading act￿￿8818 solely attribu18bl¢ lo unrestrlcted funds. CHARITABLE ACTIVITies COSTS Dirfj Costs18ee not• 71 Support costs Iso• not8 81 Totals Cons•Natlon project costs 214 602 890 263 Exp¢ndf(urtr Incurred on conservallon projects W8$ £890,28312023.' £1,249,390) of whlch £228,606 12023.. £194,940) was attn'bulable lo unr&$tricted and £881,85712023'. £1,054,450) was Jttnbthable to trtct•d fund$. OIRecT COSTS OF CHARITABLE ACTivrriES 2024 2023 Stsff costs Prolecl costs and advisory and pr•¢tk81 vSsftB 269,374 267,764 764 442 675 861 1032 208 SUPPORT COSTS Govem8nc• costs Administratbjn Flnance Totals other trading activlti86 Cons8ryation prolect costs 51,574 51,574 230.986 Page 18 ¢ont"nued... THE WILD TROUT TRUST LIMrfED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 30 APRIL 2024 SUPPORT COSTS - continu•d Support costs, included in the abové, arè as follows.. 2024 2023 other trading activf(ies ConstNallon projo¢t eosts Totsl adwiti'85 Total actfvtties staff costs So¢lal security Pgnsions Insurance Poslagtr, $latlonèry and printing Genar81 èxp8nses Oth•r office 8xp8n$e¥ Motor and tiav•lllng c051s Communl¢allon and inloTmab'on t&chTr¢logy Subscriptions Depreciation Bank charg88 Exehange rate variance Auditors, remungration Other accountancy ¢harge$ Lag81 and prO1•$$￿nal f••s 24.220 10,549 7,41 2 91,472 24,099 23,468 115,692 34.648 30,880 4.790 2.443 4.108 4,184 28,224 121,962 35.042 31,328 4,700 2.662 733 1,710 3,895 4,184 2,734 3,786 25.178 23,490 1.177 4,707 5,884 5.760 154 1,634 2.984 319 7,330 19,408 1,717 3.324 362 6,600 20.171 2.984 319 7,330 19.408 214 602 266 176 272 967 NET INCOME I (EXPENDITURE) N•t Income I lexp8ndttur?I Is Slated aft•r ch8rglngllcredltingl'. 2023 AuditoVs tse5- 31atulory •udlt Deprèclatlon - owned assets 7J30 6,600 10. TRUSTEES. REMUNERATION AND BENEFITS Th8r• Waftr no Irustses, rèmunetatson or oth•r benellts for th• y•#r ended 30 April 2024 nor for the yèar •ndad 30 April 2023. Tru4t•￿' •xp•nA•4 Thgrtr were no tru6ts*$' •xpen5es pald for the year and8d 30 April 2024 nor for thè yèar end8d 30 April 2023. Page 19 contrnued... TPIE WILD TROUT TRiIST LIMITEO NOTES TO THE FINANCIAL STATEMENTS- continu FOR THE YEAR ENDED 30 APRIL 2024 11. STAFF COSTS 2024 2023 Wages ond salarie5 Social security costs other pension ¢osts 385.066 389,72e 35,042 31328 456 096 Employè• ¢osts are alkjcated to restricted or vnr•strthd lunds bassd on tha Spent on each prole¢t or athity and support ¢otsts In line wlih thtt proportions stated in thè accounthg polKy note. Th8 Trust has set up a workplace pension undèr the autO&eniolm•nl schgmè wfth conlributlons chargéd to thè statement of financial 8Ctivf(168 as they bocomo payablè. Other pension eosts are eontributions payable by th• Trust into employ•ès' p•r$on$l pension schem&$ and chaTged to the 8latement ol linanual octNitlg5 as th•y bacom p6yabl•. All panslon are allocatad to unr•strfcl•d fvnds, Th• avorag• monthly number of •rry)by¢è8 during tho y•ar was a$ follows.. 2024 2023 Administrallon Consèrvatlon offt¢• 11 13 The number of omployeos whou ¢rrploy¢• ben•fft8 loxcludlng èmploy•r penslon ¢0stsl exceedod £60,000 was.. 2024 2023 £60,001- £70,000 £70,001- £80,000 12. TANGIBLE FIXED ASSETS Cons6rvalk*n Fhtures. officers. Ilttlngs equipm•nt & •qulpm•nt Motor Veh￿1¢$ Totals Co•t Al 1 M8y 2023 and 30 April 2024 Depreclatbon At 1 MAY 2023 Charge for yoar 5,194 6,103 9,977 305 21,274 At 30 April 2024 N•t b¢>ok valu• At 30 Apr612024 912 At 30 Aprll 2023 Pago 20 eontinutrd. THE WILD TROUT TRUST LIM￿ED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 APRIL 2024 13. STOCK5 2024 2023 Str)¢k$ 3454 14. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trad• debtors Prepayments Accrued in¢omo 3,520 28,325 4,472 16, CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Social 88curity and other t•xos Oth8r credrtor8 Accruals D•18￿•d mtrmbornhip Incom• 6,841 2,190 19,591 3,092 33.988 D?lerred ￿mbershIp Incom8 relat8G to 8ub8crlpt10ft5 T•¢•￿¢d In advance forth8 followlng period and l¥ •xpo¢led to be releesed to the statement of financlal aclwrties In that accounts.ng period 16. FUNDS At1M•y 2023 Inc¢ Exp•nd*uM Trnnsf•r% Al 30 Aprll b•tw••n 2024 lund• UnMtrtct•d kn¢¢m• lunds Gan•1￿ fijr 278,658 2e8,382 251,385 10 293,e65 D••lgnaled furd•.' Fixed Cousins L•9•¢y Dorsel ChBlk8tre•m• Environm•ntaS con1inper￿Y GAAFS Lin M•lbourn Recreakn'c Practical R•wur¢&¥ River S￿P SCDC Cholkstream8 ParknersNp Southgm ChaMÉ8lreom Yofk51M'f8 Fly Fi&hers Don•W¢n Haffis Sea Troth Fund CURAT Trainlng CO MantorirwJ Fund Yorkthir¢ Da￿$ NPA 4,615 103, 1,534 1.878 1.785 13,801 3,081 101.782 14.589 11,513 12,176 12.SCQ 11, 13,682 12.411 12.112 744 12,068 4,327 1441 1.150 s,￿7 8.740 ZJ.4 4,496 3,914 50 2,631 14 815 4.986 1.10) Tot•1 unr••trtthl Incorne lunds 453.379 354,C62 320,410 10 487,041 Page 21 conb"nuad... THE WILD TROUT TRUST LIMITED NOTES TO THE FthNANCIAL STATEMENTS- continutd FOR THE YEAR ENDED 30 APRIL 2024 16. FUND8-¢ontinued At1May 2023 In¢om• Exp•ndltur• Ti•nslèrs At 30 Aprll 2024 nd RMt•1et•d Incom• fvnd• River cowry41bn projpct& Abbey AJr• FIP len LRS kniwell 8ad8ey Brook eedlord Rlyer (Nurl Benlley Bro)k Bettor e¢¢k8 Bradford Bprk ei4il•lord ercok Ednwon Brlutol Frome Imp Jcks Habit•t euTh•tor 8yronb Pool Froh P• rAm & GTanta ougtroneety NA curnbr￿ Arylor EtVJig•m•rrt Cumbr￿￿ CDM 0•81•tt H•t¢he$ (Naddorl O•rby• D•Ment Fmh PaMag• C¥ve Mayfiela Woir• EA AV & PV P4rtn¢r•lwp E4 WFD ￿l*•M*nt E¢¢h#boLV Enni$Awllng Eridge Strwm Fr8n8ham GBylon Brook G•tt W•lr• H1116 2 L•vo18 ¢h•n S•lmon Plan Kj'ngston Brook L4ThJloy Fish Pa•• L•rk L4wCo Lettin9 t￿ Dov• Flow LincolrtshI￿ Llmestorn 8eck• LI￿ts & NorfhBrts M8rron ￿lkOver8 MidlaThl8 Walkov8rs I￿n￿l Mlmram FIP M￿OU Moy RT- Walkov•r8 Nidd 6,981 251 6,855 2,032 3,574 3,019 2,928 1,261 24 1.888 1,371 162 9,57S 12831 1.318 t,245 e,050 277 1,342 8,441 S,1e1 21,WJ 20, 7,761 5,Cl82 417 810 1,529 3,310 t,251 279 5,122 5.743 313 429 8,072 1,104 791 25.423 3,333 13,1frJ 9,827 101.493 97,7S3 36,496 3,861 26,53B 3.730 102,404 116,fA4 2,947 ,979 2,946 22.5 1,136 46 5.521 12.e66 11,1361 2,270 15211 12,775 420 718 44 3.517 153 16,483 12, 49,702 25,2 31,134 10,447 198.041 2.139 183,19 791 1,179 1,941 301 Page 22 ¢onlinsJed... THE WILD TROUT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- ¢ontinu•d FOR THE YEAR ENDED 30 APRIL 2024 16. FUNDS - ¢ontlnu¢d At1May 2023 Incom EXp•n*1￿1• Tr•n8lw At JO A￿1 2024 funds NortheaBt LWM Norwd Back p￿￿ 2 Olantl9h Wgir Open Rivern Pebble Uppgr Mham Hat4tat Ind W•tl•nd Port?r Bro* W•lf Rib FIP Ribbkn R￿ore Ror¥torntlon RNer Axe Ri￿r Bum Improvemerts River D4rarrt Enhancemen Riwr E•sk•y River & Trib6 River Glen Bodhby River Lun RNér Rod•n River Smit Rfver Team RN•r Té•n Rwers & WedaTrl• C*y• RN•f8 Med•n & Muun R¢ee8ter 3.081 678 2.875 177 5,0 871 1,769 18,201 TJ,019 5,536 318 5,183 47 1.799 1.616 4,1C 197 323 949 92.661 27, 6,923 1,737 6,795 12,6601 {1e61 1.044 13.W)I 15441 1.￿7 4,706 18,847 19,50J 376 30,8 81,789 9,fJ7 17,610 8,416 1,￿6 173 4,818 3,197 2.6x1 33,4156 5,872 334 1.997 28,t 48,333 3,365 17,276 1,CfjO 1,482 Som•t¥•t Slr•)ms Sprila IEim•• F•ith¥n) SwDTe FIP Tre08for 8kirf•rn Trout Beck TWIST Unrt4d Uulill Upper ￿'re Land Upper Wttham ScowrvJ Ure FIP Wan8b8ck Surv•yo Wgler¢r•s• & ￿ntOrboU Waler*do Care •rfe FIP Imcklow IAtsrk•hop IN4m Grant Foundation ¥Mlh•n 04Mygato rg BCLR Yortshirewater River8 & ￿lar￿j 24 287 1,ieiJ 1,463 572 24,S43 1097 11.539 343 2,158 1,03S 2,324 41,712 19.493 (28n 5,1n 343 1551 751 910 714 ZOJ6 2,560 4.918 2.144 2.584 1.510 3,297 1,533 24 3,480 2.211 183 547 129 13.%1 39.517 To¢•1 rn•trf¢t•d In¢om• 672,1))6 652.737 661,657 1101 e63,076 Total All Funds 1.125,3B5 1,OC6,799 982,C07 1,150,117 Pag9 23 conttnuèd... THE WILD TROUT TRUST LlhllTED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR eNDED 30 APRIL 2024 16. FUNDS-¢ontlhu¢d offund• Unrèstn'ctèd g¢nèr41 fun¢Js arg held for gènorgl chortsble purpe6ès In pursuit of thg 0bJo¢tives ol the Trust and represent the free res•Nes ofthe charty. DÈsSgnated funds are unr8strthd funds repf•68ntlng nKinios $amiatk¢d by lh• trust089 for particular purpose or activty. River conservation project fund$ have been donated for sp&cifl¢ Con$•￿￿On prolects on r￿•r$ throuahout tha BrptBh Isles. Tran•f•r• Sm811 transfor8 w8r8 mad• bfrlwgon fund8 whero aulhorty was rs¢&lv•d and funding w88 for r•l•vant purposes. Any trnn$ftsrs from re5trict8d fundg to unrè¥trlcted funds ere mgdg wth the expllcrt authorty ol th¥ donor to cover management cost$ of r•latèd projects lunded through génèral fvnds. 17. RELATeo PARTY DISCLOSURES Th¢rè are no relatod party transadons requlrlng dlscbsuro In •llher yoar. 18. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPEIIATING ACTWITIE8 2024 2023 N•t Incom• for th• r•portlng p•rlod la• p•r th• Slal•m•nt of Fln•n¢l•l Actlvltlul 24,732 113,644 AdJu•tm•nts for.. 06pree￿all¢n ¢hargo8 Interest received Int*r•$t receNable Decrease I lincraas•l In $lock$ Decre8sè I Ilncr0•5el In ¢Jebtor5 Ihcroas8 I Id8croatso1 Sn ¢rèdllor8 1,534 118,174) 15.3901 787 44,359 1.717 15,1331 1331 120,4451 N•t c•4h provld•d by4u•ed In) op•ratI¢￿• 19. ANALYSIS OF CHANGES IN NET FUNDS At 115r23 Cash flow AI 3014124 Cash at bank 1097912 1177 651 Page 24 continued... THE WILD TROUT TRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024 2024 Total funds 2023 Total fvnds Unrestrict•d Jnd8 Rgstricted fvnd8 INCOME AND ENDOWMENts DonAtlon$ and grant• General donations and grants Subsciiptions Advisory and Pfactical vi$its 138.803 90,922 787,793 90,922 1,230,139 89,076 229.725 852,737 181,402 1,344,605 other tr•dlng artlvrtlo• M*rchand15e sales Auetlons and rnfflos 2,571 98 2.571 4.988 102 031 100.T13 100,773 107.019 Inv••tm•nt Incom• UK bank Inter•st Totsl Incoffllng r••ourc•• 3Sd,082 8S2,737 1,008,799 1,456.7S7 EXPENDITURE othertradlng •¢tlvttl•• On-line m8Tchandlse saltrs Advertising, printing and publishlng Au¢lion$ 2J62 27.453 10 2.362 27,4S3 2,512 24.251 40,230 40,230 37,940 Charitabl• *ctlvltl• Staff ¢osts- ¢onserval#)n offi'c•rs Project costs and odvlsory ond practlcol visll$ 7.011 282,363 289,374 267,764 370 83$ 42.463 833.198 675.661 1.032.206 support co•t• Admlnl•tr4tknn staff costs Social s9curity Pensions Insuranco Post8g¢, ststlonery and printing Geneol exp8nses other office exp•ns•s Motor and travelling costs Communlcatson and information t8¢hnology Carr￿lj forward 101.818 34,148 13.874 115.692 34,848 30.880 4.790 2.443 4.106 4.184 26,224 s￿84 228,851 121,962 35,042 31,328 4,700 2,e62 3,C63 3,765 25,178 5,760 233,460 2,443 4.106 4,184 11.958 5,8e4 21)Q,711 14.2e6 28,140 This pag• does not lorm part ol the statutory ffin8neial 5talemenls Page 25 THE WILD TROUT TRUST LIMrrED DETAILED STATEMENT OF FINANCIAL ACTIVfflES FOR THE YEAR ENDED 30 APRIL 2024 2023 Total fund8 l.Inreslrlctsd ftFPNIs Restrthd funds Tot81 funds Admlnlstratlo Brought forward Subscriptions DepreclaUon 200.711 SB1 28,140 228,851 233,460 202.828 ,140 2JO.906 235,845 PJnan¢• Bonk ch•rges Exchange rat8 Va￿8nc• 2,9a4 2,984 319 3.326 362 319 319 3.303 3,690 Auditors, Temunornllon Oth*r a¢¢ountancy charge¥ L•gal profè96ional fee¥ 7,330 19.408 7A30 19.400 6,600 20,171 6.881 Total re8oure•$ oxp•nd•d 33J 10 061657 1343113 Not In¢om• Th￿ page do&s r￿1 lomi part ofthe statutory fin8ncfi81 ststèmènts Page 26