REGISTERED COMPANY NUMBER: 03345901 (England and W•1081 REGISTERED CHARITY NUMBER: 1162478 SCOrnSH CHARITY MUMBER: SC046354 THE WILD TROUT TRUST LIMITED TRUSTEES. REPORT AND AUDITED FINANCIAL STATEMENTS FOR THÉ YEAR ENDED 30 APRIL 2025
THE WILD TROUT TRUST LIMED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 Pag• R•f•r•nc• •nd Admlnl8tratlve Detslls Trn8teo8' R•port 2 to 6 R•port of th• Ind•pgndent Audltor8 7 to 10 8t•tsm•nt of Flnancl•l Actlvltle8 11 Balanc• Sho•t 12 Ca•h Flow St•tom•nt 13 Notsj to th• Flnanclal Stat•m•nt• 14 to 23 Dot•ll•d Stat•m•nt of Fln•nclal Actlvhl•8 24 to 25
THE WILD TROUT TRUST LIMITED REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 APRIL 2025 TRUSTEES Dr G D Colèy (resigned 17 July 2025 S J Franas lappolnled 17 July 20251 W D Fraser Iresign8d 8 July 2024) A M Harvey M G Jacobs D J Lloyd (deceased 10 May 20241 N Lloyd DrJMManl Dr G J Mantle MBE G E S S81igman C I Watson COMPANY SECRETARY D J Marrioll REGISTERED OFFICE First Floor, Unil 4 Broadfield Court, Sheffield, South Yorkshire S8 OXF PRINCIPAL ADDRESS FREEPOST Wild Troul Trust REGISTERED COMPANY NUMBER 03345901 (England and Was) REGISTERED CHARITY NUMBER 1162478 SCOThI8H CHARITY NUMBER SC046354 INDEPENDENT AUDITOR8 Hart Shaw LLP, Chartered Accountants Statutory Auditor, Europa Llnk. Shoffield, South Y¢ykshlre S9 1XU 8ANKERS The Cowoperallve Bank plc, The Fountaln Pr8clnct, Sheffleld S1 2JZ Barclays Bank PIG. SHEFFIELO CITY 2, Lelceslershir&, LE87 28B PRESIDENT Jon Bèér VI¢E.PRESIDENTS Ross Brawn OBE Stuart Croft8 Brian Clarke Slr Garelh Edwards C8E Dennis Mo88 Pal O'Rgilly Jeremy Paxman Paul Procler Charles Rangeley-wllson Dr Edward Twiddy Matthew Wrbht STAFF Shaun Leonard David Marriott Theo Pik Dr Tim Jacklln Andy Thomas Nick Lawr8nr Sophle EvlngAr Chrfstina Bryant Dr Paul G85kell Professor Jon Grey Gar8th Pedley Rob Mungov8n Edward Noyes David Oakley VOLUNTEERS Patrick Lloyd Neil Mundy Page 1
THE WILD TROUT TRUST LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2025 The Irust89s who 8rg also dire¢tors of the charity for the purposes of the Companitrs Act 2006, present their report with the financial ststements of the charity for the year ended 30 April 2025. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charitable company's memorandum and articles. the Charities Act 2011 and A¢¢ounting and Reporting by Charities". Ststemenl of Recommended Pra¢ti¢e applicable to ¢harities preparing their accoLJnts in accordance with Ihe Financial RerK)rting Standard applicable in the UK and Republic of Ireland IFRS1021 leffective 1 January 2019). 08JECTIVES AND ACTIVITIES The charity's objects as sel out in the articles of associakn.on are the atlvancemenl of public education in the promotion of conservation for the public benefit of wild trout and iheir habitais,. ecosystems and environment- river and water conservats'on and management and creation of wild trout habitats. Wild trout being defined as any trout that has been spawned naturally including sea trout. These objectives are 8chiev8d through the pn)vision of advice and pracb"c81 help lo landowners, fishing clubs and olher communily groups with an interest in the conseThabon of rivers, lakes and their surrounds. In addition, T produces a range of educational malerials and regulady coniributes to conferences, workshops and seminars on aquatic conservation and fisheries managemenl. The direction of the Trust is ileraled through a five-year strategic plan and annual business plan. The Iruslees confirm Ihal they have referred lo the guidance in the Charity Commission's 9en8ral guidance on public bengfit when reviewing the Trust's aims and objectives and in planning future activities. ACHIEVEMENT AND PERFORMANCE FundraSslng actlvltle$ Fundraising was carried out only by Trust staff working very closely with two volunteers. through an annual online auction, an annual raffle (with a relurn completed to ihe Gambling Commission) and fundraising events such as angling days. No professional fundraiser or commer¢ial participator was involved. The auction operated under openly published lerms, conditions and Privacy Policy. The Trust is not a member of the Fundraising Regulator but adheres to the principles and practices of the Code of Fundraising Practice, for example in relatson lo the way we raised and used funds, our accounting and reporting and how we processed personal information and donations. There were no compliance issues and no complaints received in connection with any ol the Trust's fvn(Iraising activities. No vulnerable pgople were involved in the Trust's fundraising aciivth'e$. A Revlew of Ill,5 24125 Year The Wild Trout Trust Iwrri provides expert techn1 advice lo landowners, community groups and govemmenl agencies lo improve nver habilal for wild brown troul 8nd all the wldlrfe that lives alongside them, does practical work to effect thal advice and spreads environmental nseallOn messages far and wide. Advi¢e and pra¢tl¢81 rlver habltst Improvement W6 completed 241 advisory site visits in the year, with a geographical spread across much of the UK and Ireland, from Lincolnshire to Donegal, Perthshire lo Comw811. 28 more than last year and 6% 8bove the five-year mean of 228. Some of these visits assessed discrete sites le.g. weirs and culverts in N. Yorkshire, rightl through to others in Donegal, Lancashire and Northumberfand where our officer5 walked and rèported on many kilometres of river. We routinely offer informal advice by phone, email and in-person,. these interactions are loo numerous to quantify easily. Page 2
THE WILD TROUT TRUST LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2025 We worked on 93 practical projects, 2 less than last year, blrt 19% atthe the five-ygar mg8n of 78. Many of these events were days in the river wth a group of volunteers, introducing wood and gravel to improve the physical habitat (left below, in Cambridgeshire). In Berkshire. Cumbria, Hampshire, Lincolnshire and Yorkshire lrighl, below), more significant projecls were completed, with weirs removed, complex habitat structures introduced, and the river returned to its more natural course. Additionally, scoping and development was completed on many further projects auoss England- a suttessful bid to Defra's Water Restoration Fund produced a grant of £1.18M for a river restoration project in Lincolnshire, to be completed in July 2026. Spr¢adSng th• word We presented in-person 8142 events more than last year and at the five-year mean), with local angling clubs, other community groups, sludenls and larger conferences, an audience exceeding 1500 people. We contributed lo the 8eaver Trust film, 8818ncing the Scales, viewed so far by an audience of several thousand people and prluCed in-house four informational videos. one ol which attracted 60.000 social media views. Several staff look part in podc851 discussions, including one primarily for 8n Amencan aLJdiencg. We also contributed lo national iniiiatives, such as the Chalkstream Strategy and Implementation Plan. The website and social me(lia platfomis a Vital for word spreading. In 24125, the wèbsite attractèd on average 13000 active usèrs per month, with modest increases in followers on the various social media plarfornis. except X. The Trusl's YouTube channel rnaintained its view numbers compared to the previous 23124 hh, wilh c.70K views of the four videos posted during the 24125 year. Our communication focuses on trout ècology, factors impacting rivers land their troutl and what might be done to help life in and around the river, including tackling impacts from agricultu, the water industry and climate change. We aim lo provide much-needed balance to infomi debates all too often polarised into 'for' and 'against' carnps, for example those arourKI the work of govemmenl and ils environmental regulators, wal&r pollution and beaver reintroduction. Page 3
THE WILD TROUT TRUST LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2025 To demonstrate the in¢rgdible difference that habitst improvement ¢an make to a str88m and its inhabitants, depicted below is a headwater tributary of the River Skirfare in North Yorkshi, 4 months Ileftl and 40 months after Irightl a w-led project of fencing and tree planting. Such headwaters are vital for the ecology of the entire river downstream, including production of invertebrates and fish., the right-hand image shows a stream now much more resilient to the potential impacts of climate change and dgricuure. Monitoring of the trout population indi¢ated a five-fold increase in numbers of juveniles in the recovered strtram. Sclence Several of our staff, including our Research and Conservation Officer. Professor Jonny Grey, maintain close links to 8C8demia, including involvement with relgv8nt research 81 the universilies of Birmingham, Durham, Highlands and Islands, Hull, Lancaster and London. Our annual joumal. Salmo Trutta, distributed lo at least 4000 people, included articles where academic research is translated into the practical realm, with pieces on river re51oralion, habitat complexity, human connections lo the natural worjd, adaptation of Iroul lo metal pollution, climate change, arctic charr conserv81ion, soil science, Ihe inleraclion of beavers 8nd fish and citizen science monitoring ol the aqvalic environment. Last words In the 24125 year, we added three new people lo tyjr Staff team that induded 8 Director of Operations, nine Conserv8lion Officers, a Research and Conservation Officer. a Trust an¢J Data Manager, a Fundraising & Marketing Manager and a Company Secretary. Our invaluable volunteer work for¢e was large, numbering around 2000 across the year, with key individuals stjch as Patrick Lloyd and Neil Mundy. A major part of our success is the support and generosity of our supporters who contributed through various fundraisers and membership donations: we were pleased lo welcome 274 new members in a total of 2709 memkrs by the end of Ihe ye8r, 5% above the five-year mean. Our many partners among sister NGOS, industry and the highly productive partnership with the 0rational teams of the Environmenl Agency are viial in all that we do., thank you. Page 4
THE WILD TROUT TRUST LIMrrED TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2025 FINANCIAL REVIEW Geneial donations and grants of £690,706 12024.. £787.793I We re¢eNed predominantly from the Environment Agency for specific conservatlon Pfolec18. Membership in¢ome w88 £94,424 cornpared to £90.922 in 2024. Funds raised via auctions, raffles, events, sales and advertislng tolalled £116.077 12024.. £100,773) and bank interest receivablè was £25,568 12024.. £23,564). Total income fell lo £933.991 from £1.006,799 In the prgvious financial year. Ouring the year, consarvation project Costs were £922.63312024.' £890.2631. C08ts of raising funds during the year were £93,89612024.' £91,804) and lolal expenditure £1,018,529 {2024.. £982.067}. Net 9xpondilur8 for the year was £82,538 with overall funds of £1.067.579. The trustees ¢onsid8r the financial position lo be good., funds are mainly h8ld in liquid assets and sufficient fvnds are held in order lo carry out activitl8s for the fore58eable future. R•8•ry•8 poIIcy The Iru8ts89 conslder that the charity requires free r88erves sufficient lo act as 8 buffer agalnsl unexpeclgd falls In donallon Incomo, unbudgeled admlnlslration axpenses or a well-formed request for an immediate donation. Our target lavel free reserves Should as a mlnimum cov9r 6 months operating cogls whlch wgre budgeted al £131k for 2025126. Fr88 res8rve8 are unreslricl8d general funds held in cash ond cash equivalents not committed, designated or restricted to any particular purpose and a130 April 2025 stood at £366,652. The Iruslees 8re therefore satisfied that sufficient re8eNes are 8V8llable to enablg the charlty lo operate for the foreseeable luture and mitsgale the risks idenlifled. Designal8d funds repres&nl amounts $61 asSde al tho IrLtslees' dlscrelitin for particular purposes or aclivllSes, as listed In note 16. They ar8 nol included in free r8S8rves because the funds have b99n earmarked lor other purposes or represent amounts that con only be realised by dlsposlng of the ¢harrty's fixed 88sel8. Restrted funds represent funding recelvod for Spec1¢ projects a5 at 30 Aprll 2025 lolalled £551.475. Slnc8 projects are und8rtaken when lund$ havg 1)een received, this r8prg5gnts the unexpended b8lan¢g on projects uncompleled or yel lo comm8nce. PLAN8 FOR FUTURE peRIODS The trustees plan lo continue the charity's aims ol publiG educallon In and the promollon of conserv8llon of wild Iroul and their h8bilals, ecosysl8ms and enviTonmgnl. river and w81er conservallon and management, bullding on Ihalr 9xisling aclivilles and projects. With many years of experienc&, the charity is abl8 lo allocate resources lo be81 effect to pur8u8 Its oblecllve8. STRUCTURE, GOVERNANCE AND MANAGEMENT The Wild Trout Trust Limited Icompany number 33459011 wa8 Incorporated on 7 Aprll 1997 and remained dormant until 1 August 2015, whon th? assols of the former unincorporated charlty, The Wild Trout Trust Icharfly nUMr 1077041, Scottish ChBrlly number SC0398621, were don8tgd to the ch8rltable Company Icharily number 1162478. Scottish CharSty number SC046354}. The tharitsble company18 govemed by ils article8 of association as adopted on 16 June 2015, The buslneys of the chgrtty is managed by Ils dlrectors, who aro the charlty's tru81ees. S&l•ctlon and Iralnlng of tru8ts•8 Trustees may be Bppoinled by the charity in general m88ling or by the other diract(xs and there mu81 be 8t 18ast two Iru$legs. Tru51ees musl not b8 employod by Ihe charlty or receive any remunar81ion. Trustees 8re nominated based on their 8xp8ri•nce, empathy and professional skllls lo ensure thè composliion of the 8oaré 8UPPOrts the needs of the charity. InductKJn is through informal dialogLt9, meetings wrth the Chairman and forrnal Board meellngs with relevant PBpèfs 8S8embled in the Wild Trout Trust Principal Documents Handbwk. I trustees and staff are encouraged to undertake training where necessary to enable thern to discharge Ihoir rgspon5ibililies more effectively. Pag8 5
THE WILD TROUT TRUST UMITED TRUSTEES. REPORT FOR THE YEAR ENDED 30 APRIL 2025 Pay po¥llcy for sensor employoes The r8muneratK)n of personnel is determined by the trustees and $81 out In their employrn&nt contracts. As such, the remuneration of the project director is s81 out under an employment contract made with the unincorporated charity and its trustees and taken ovor by the charltable company, nOlthstandIng the provision that directors may r¢ot be employed by th8 charity or receive any remun&ralion Ur9T th8 company's article¥. TRUSTEES. RESPONSIBILITY STATEMENT The Iruslees (who arè also the directors of The Wild Trout Trust Limited for thg purposes of company lawl are responsible lor Pparing the Trustees. Report and the financial statements in accord8nce wllh applicabl8 low and Vnll8d Klngdom Accounllng St8ndards {United Klngd¢)m Generalty Accepted Accounting Pracb'ce}. Company law requires the trustees lo propare financlal Slalemgnts for each fin8nci81 y88r whlch give a tnje and fair view of the slate of affairs of th8 charitable company and of the incomlng resources and application of resources, Including the income and 8xpendllure. of the chaiilable company for Ihal period. In preparing thos8 finanGlal statements, the trustees are requlred lo select suitabl8 accountlng policles 8nd then apply them con8lslenlly', observe the methods and principles in the Charity SORP., make judgèments and estlrnales that ar8 reasonable and prudent., prepare the financlal 8lalemen15 on the going concem ba818 unlèss il 1$ inapproprSale lo presume that the harllable company will continua in busing8S. The trustee8 are responslble for kè8ping propor accounting records which dSsclo8e wllh reasonablè Èccuracy al any lime th8 fi'nancial position ol th8 charitable company and to enable Ihem lo ènsure that the flnanclal slalemenls comply wllh the Companies Act 2006. They are also r8sponsible for safeguarding tho assets of the charitsble company and hence for laklng reasonable steps for the prevention and detection ol fraud ané other Irregul8rftie8. In 80 far as the Iruslg0$ are aware.. Iherg Is no felevanl audlt Infom811on of which the charitable comp8ny'$ audllor8 are unawarg,. and the trust8es h8ve tsken all steps that Ih8y ought lo have lak8n lo mako themselve8 aware of any Talevanl audll Infomialion and lo establish that the auditors are aware of that inforni8tb)n. Thls report h86 b8en prap8red in occordance wllh the 8p6clo1 provlsiong of Part 15 of the Companios Act 2C4J6 relallng 10 8mall companS0s. 1010912025 Approved by order of the board of INstees on ......... ................-.................. and slgned on Its behaw by.. S J Francis- Truslee Page 6
REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF THE WILD TROUTTRUST LIMITED Opinion We have audited the financial statements of The Wild Trout Trust Llmlled (the 'charitsble company) for the year ended 30 April 2025 which comprise thè St81ement of Financial Actwities, the Balance Sheet, the Cash Flow Statement and notes lo the financial slalemenls, including a summ8ry of signrfi¢ant accounting policies. The flnanci81 reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards Iunited Klngdom Generally knopl8d Accountlng Practice). In our opnion the Ilnanclal slalements: glve 8 true and fair view of the state of the charitable compan8 aff8lrs as at 30 Aprll 2025 and of its incoming resources and application of resources. including Ils income and expenditure, for the year then ended., have been properly prepared In accordance with United Kingdom Generally Acceplad Accounting Practice,. and havo bogn prgpared In accord8nce wllh the requirement8 of the Companies Act 2006. Basls for oplnlon W8 conduc18d our audit In accordance with International Standards on Auditing IUK) IISA5 (UKII gnd 8ppllcable law. Our responsibili1188 under those slandartJ$ are further deseribed in the Auditors, r8spon8ibllilie$ for th8 audit of the flnanci81 slalemenls s8ction of our report. We are Independent ol th8 charitablè company In accordanc8 wSlh the elhlcal requirements that are relevant lo our audit of the financl81 slalemenls in the UK, including the FRC'S Elhical Standard. and we have luifilled our olhgr elhlcal r88pon51bllllles in accordance wlth thèse requiromenls. We bellev8 that the audit evidence we have oblalned Is SL+fficlenl 8nd approprlate to provide a basls for our oplnlon. Con¢lu8lon$ rolatlng to g¢lng concern In audiling the financial slalemenls, w8 have concluded that the Iru5tses' use of the golng concern ba818 01 a¢counling in thè prep8raUon of the financial slalemenls is appropriate. Based on the work we have performad. we have not Idenlrflad any material unc8rtalnll8s relallng lo events or condillons that, individually or colloctlvely, may cast $19nificanl doubl on the charlt8ble comp8ny's obilily lo continue as a going concern for a peri¢)d of al16881 twelve months from wh8n the financial statements are authorised for issue. Our responslblllttes an(J the respon8lbllllle8 of the Iruste8s wllh re8pecl lo golrKJ concem 8re descrlbed In the relèvant secb'ons of this report. Oth•1 Inlomiatlon The tru51ees are responsible for the other informallon. The other information comprises the Information included in th8 Annual Report, olhor than the flnanci81 slalernen18 ond our Report of the Indèpendenl Auditors Ihereon. Our oplnion on the flnanclal stotgmenls does not cover tho other Information and, 8xcepl to th8 oxlgnt olherwl8e Oxplicilly slated In our report, we (Jo not exprèss any form of 895urance conclu8Ion Ihereon. In connection with our audit of the financk91 slalemenls, our rgsponslblllly is lo read the other information and, In doing so, Gonsidgr whether thè other inlorm8tlon Is materially Inconsislenl th the financlal slalemenls or our knowledge ob18ined in the audit or Othern$9 8ppears lo be mataiially mSsstBled. If we identify such material Incon8Islencies or appar8nt materi81 misstatements, w8 arg rgquirgd lo delemine whether this gives rlse lo a material misstatement tho flnancial statements themselves. If, based on the work wo have performed, we conclude that there is 8 material fflisstalem8nt of this other informallon. we are r8quir8d to report that lacl. We have nothing lo report In this regard. Oplnlons on othèr matters proscrlbed by the Companlas Act 2006 In our OFMnlon, based on the work undgrtaken in the course of the audit.. the inforni81ion given in the Trusl88s' Report for the financial year for which the Ilnanclal st8temenl$ ore prepa(j is consistent with tho linancial 5talemenls', and the Trustees. Report has been pr8P8red in accordance with applicable legal requirements. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE WILD TROUT TRUST LIMITED Mattèrs on which ar• roqulrod to report by excoptlon In the Ilght of the knowledge and understanding of the Charitable company and its envlronment obtained in the course ol the audlt, we hav8 not Identled material misstatèments in the Trustees, R8POrt. We have nothing to report in respect of thè following matters where the Companies Act 2006 requires us lo report lo you If, in our ¢Jpinion'. adequate accounting records have not been k8pt or turnS a(Sequate for our audlt hav8 not been received from branchgs not vislled by us., or Ihe financial slatements are not In agr&8m9nl with Ihe accounting records Bnd relums,. or certain disclosures of Irusteos, remuneration specified by18w are nol made.. or we have not received all the infomalion and explanation5 we require for our audll; or the trustees ware not entitled lo take advantage of the small companies ex8mplion from tha rgquiremenl to prepare a Slraleglc Report or In preparing the tru81ees' Report. Responsibilltl•s of tru8t•ès As explained more fully in the Truste, Responsibilities Stalomgnl, the trustees (who are also the directors of the charflable company for the purposes of company 18wI are responsible for the preparation of the flnancial stalemènls and for being satisfied that they give 8 true and fair view. and for such Inlttrnal control as the trustees determina Is necessary lo 8nable the preparallon of financial slalement8 that are free from malerSal misslatemgnt. wh8lh8r due lo fraud or orror. In preparing the finandal 81alement8, th8 Irusle88 8re responsible for assesslng the chorllable company's abillly to continu8 88 a goSng concern, disclosing, 88 8pplicable. rnatters related to going con¢grn and uslng the going concem basls of accounting unless the trustees eilhor intend lo liquidate tho charitable company or to cease OperaOn8, or havè no realisdc alternat8 but to do so. Our rfj¥ponslbllltlos ft+r tho audlt of the Ilnanclal 8t•t•ment• Our obj9Glives are lo obtain reasonable assurance about wh8ther the financ4al statements as a whole are fr88 from material mi8slalemenl, whether due lo fraud or orror. and io issue a Report of the Independent Audllors that Includes our opinion. Reasonable assurance Is a high level of assuranc8. bul is not a guar8nlee Ihal an audit Conducted accordance with ISAS IUKI will always del8cl a malerlal misslatemgnl when il exlsl8. mi851alemenls arf88 from fraud or grror and 8re considered material rf, individually or in the aggregate, they could Teasonably be expected lo Influence the 8conomlc daclsbns of u8er8 tsken on the basls of Ihase financial stotement8. Extont to whlch th• judlt wal conildored capabl• ol d•tOCtlng Irrfjgularftl••. Includlng fraud and Iho audlt respon$• Irregulariligs. includlng fraud. are inslanoe8 of non-compliance with laws and regulations. We deslgn procedur8$ In Ilne wlth our rèspon$ibililles. outlined above, lo d8lect mal8Tial misslal8monts In respeel of irr8gularilies. including fraud. The exlenl lo which our proGedur88 are capabl8 ol delecliTrJ Irregu18rilies. including fraud, is dètailed bg1¢)w. W8 have 8S8essed thè ov9r811 susceptibility of the flnonclal statements lo matorfal mSs8talemenl duo 10 irregularflles as low. Al the planning $1098 we idenllfied arèas of laws and r8gu18tions that could reason8bly be exp8cl8d lo have a material 8ffect on Ihe flnancial slalemgnls from our g8n8ral commgrcial and sector èxperienc8 8nd through discussion with tho direcloTS and other management, as required by auditlng standards. The potenllal effect of any laws and r8gulallon on the financial slalements can vary con$ider8bly. The are laws and rggulations that directly affect the ftnanclal statements le.g. the Companies Actl as well a5 many olhgr oper8tlon81 laws and regulalSon8 where Ihg cons8quences of non-complian¢e could have a material èffect on afflounls or disclosures in thè financial stalemants. Owing lo the size, nature and complexity of the organlsation and the applicable laws and regulations to which il musl adhere, tho risk of material misstalgment wa8 deemed to be low, therefore the procedures perfomieil by the audit team wgre limited lo.. Poge B
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE WILD TROUT TRUST LIMITED Communicating identified laws and regulations al planning throughout th6 8udil toam lo remain alert lo ony indic8tlons of non-compliancè throughout the audit. Enquiry of managefflent and those charged with governance around actu81 and potential litigation and claims as well 88 non-compliance with18WS and regulations. Reviewing minute5 01 meetings of those charged with govemanco. Reviewing financial statement disclosures and testing to supporting documentation lo assess compliance with applicabl8 laws and regulations. We have assessed the overall suscepllblllty of the Ilnandal Slatemenls to matert81 misslalement due to fraud as bw b8cause the nature of the charitable cornpany dogs not particularly lend i158lf to fraud. Management override is inherently hlgh rlsk on any oudit. Management override, which may cause there to be a material mis$tatem8nl wllhln the financial stat6ments, may present itself in a number of ways. for example.. Override of inlemal conlrols1o.g. segregabon of duliesl Entering into transactlons outside the normal cours8 of business, especially vAlh Telal8d parties Fraudulent revenue recognition. including ficlilious sales and sales being recorded in the wrong periotj Pr8s8nling blas in accounlng judgemenis and 8sllnalg8. In order lo reduc8 thè risk of material mlsslalement lo an acceptable level, numerous audll procedur88 were performed Includlng.. Enquirles of management 88 to whether they had any knoedge of 8ny actual or 8U8pected fraud Revlew of all malerl81 Journ81 enlrlgs mad9 throughout the yèar as w811 a8 th088 m8de to prgpore the financial slal8m8nls Reviewlng the underlylng ralbnale behind IrBnsaclion8 In (¥d6r to a$s8ss whether they were oulslde the normal course of bu8in888 Reviewlng th8 mlnul88 of meetings held by manag8m8nl. Incr8asgd subslanlive lesllng across all material Incorne streams Assgssing whether managem8nl's judgemen16 and eskn"mala$ indiGatgd potential bla$ Owing lo the inh8r8nl Ilmllallons of an audll. there an unavoidabl8 risk that we m*y not have delocled material mis81alemenls in th8 financial statements, evèn Ihough we have performed our audrt in accordance wllh auditing 8tandards. Furthermore, as with all audits. thera is a hlgher rf8k of irre9uladlSes 18speci811y those relallng lo fraud) being undelecled, 38 th858 may involv8 the overrKle of inl8rnal controls, colluslon, inlentlon81 omlsslons and misr8pr8senlallons ele. Wg arg not responsible for prgvenling non-compliance or fraud and Iherefora cannot be exp8cled lo delect all instanc8s of such. Our audll w8s not deslgned lo identify misst81emenls or other irregularities that would nol be considered lo be mBterSal lo the fin8ncial Slalements. The further removed non-compliance with laws and regulations Is from Ihe avents and Irans8clions refleclad In the fln8nclal Statements, the less Ilkely we would bg¢om8 aware of it. A further d8scripllon of our responslbillligs for the audh of tha financlal stat8menls is located on the Fin8nci81 Reporting Council's websilo at www.frc.org.uklauditorsr&sponsibililies. Thls descrlplion forms part of our Report of tha Independ8nl Audilors. Page 9
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE WILD TROUT TRUST LIMITED Use of our report This report is made solèly to th8 charitable company's memb8rs. as a body, in accordance wrfh Chaplgr 3 of P8rt 16 of the Companies Act 2006. Our audit work has been undertaken 80 th81 we might state lo the charftsble company's membars those matters we are requir8d to state lo them an auditors. report and for no other puipose. To tho fullost exlent permthd by 18w. we do nol accept or assume responsibility lo anyone other than th8 charitsbl8 company and the charitable companvs members as a body. for our audit work, for thls report. or for the opinions we hav6 forned. Martln McDonogh IS8nSor Ststulory Audltorl for and on behalf of Hart Shaw LLP Chartered Accountants Stslutory Auditor Europa Link Sh8ffield South York8hirg S9 1XU I.04 Page 10
THE WILD TROUT TRUST LIMED STATEMENT OF FINANCIAL ACTNMES (INCORPORATING AN INCOME AND EXPENDITURE ACCOU14T) FOR THE YEAR ENDED 30 APRIL 2025 2025 Total fund8 2024 Total funds Unreslrfctsd lunds ReStrted fund INCOME AND ENDOWMENTS FROM Donations and grants 160.206 632,140 792.346 882,462 Other trading activities Investment income 116,077 116.077 100,773 Totsl 301851 EXPENDITURE ON Roising fund8 93,896 93,896 91,804 Charltabl• actlvltle# Con8erv811on prol&cl costs 178 270 922 633 Totsl 1016 529 NET INCOMEIIEXPENDITUREI Tran8fors b•tw•èn funds 29,685 16 022) 1112,2231 622 (B2,5381 24,732 Net mav•m•nt In fund• 29.063 1111,6011 182,5381 24,732 RECONCILIATION OF FUNDS Total funds brought fomard 487,041 663,076 1,150,117 1,125,385 TOTAL FUNDS CARRIED FORWARD 516 104 551475 1067 579 1 150 117 The not8s form part of the88 flnanci81 slalements Page11
THE WILD TROUT TRUST LIMITED (REGISTERED NUMBER: 03345901) BALANCE SHEET 30 APRIL 2025 2025 Total fvnds 2024 Tot81 funds Unreslrfcled Restrfcted funds fund Notes FIXED ASSETS Tanglble assets 12 3,316 3,316 3,081 CURRENT ASSETS Stocks Debtors Cash at bank 13 14 3.410 13,080 532 699 3.410 14.977 1137354 2,687 18,441 1177651 1,897 549.189 606.552 1,155,741 1,198,779 CREDITORS Amounts falling dL48 wlthin one ar 15 136,401) 155,077) {91,4781 151,T431 NET CURRENT ASSETS 512 788 551475 1064 263 1 147 038 TOTAL ASSET8 LESS CURRENT LIA81LITIES 516,104 5S1,475 1,007,579 1,150,117 NET ASSETS 551476 1067 579 1 150 117 FUNDS Unr&slrlcl8d funds Reslrlcled funds 516.104 551475 487.041 863 076 TOTAL FUNDS 1067 579 1150 117 Th9s9 flnanclal slalements have been prepBr8d In accordance wllh th8 provl8lons applkable lo charltabla companies subject lo the small eompanle$ roglme. The flnanci81 Slalements wgrg approved by the Board of TrLb81e8s and aulhorised for i$$u* on 1010912025 . ond w8r8 signed on Ils by.. S J Francis- Tiuslgo The note8 fom part of these Ilnancial 8tstemen15 Pagg 12
THE WILD TROUT TRUST LIMITED CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2025 2025 2024 Note Cash flows from op•ratlng activiti•s Cash generated from operation8 18 65,71 Net cash lused Inyprovlded by op8r8ting activllles 61.565 Ca•h Ilow• from Inv•stln9 actlvltlfr* Purchase of tangible fix8d assets Interest receiv8d {1.6271 Nel cash provlded by InveBting 8clivilies Ch•ng• Sn ush and calh •qulval•nts In th• rOrtIng porfod 140,297) 79.739 C•sh •nd cash equlval•nt# •t the b•glnnlng of th• r•portln9 porlod 1177 651 1 097912 Caih and cash •qulval•nt• al th• ond of th• rgportlng perlod 1137 354 1 177851 Thè notes form part of these ffinanclal statements Pagg13
THE WILD TROUT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025 ACCOUNTING POLICIES Ba$16 of preparatlon The Wild Trout Trust Limil8d is a chariiable company inwrporaled in England and Wales, a regislere(i arKI a ScDtlish charity and mee15 the definition of a public benefit entsty und8r FRS 102. The company is limilgd by guarantee. Th8 flnancial statements have been prepared in accordanc8 with the Slalemenl of Recommended Practice.. Accounting and Reportlng by Charities preparing IheSr accounts in accordance with the Financial Reporting Standard appllcable in tho UK and Republic ol Ireland IFRS 1021 issued in October 2019, the Charities Act 2011. the Charity Accounts Iscotlandl Regulations 2006 las am8ndedl, the Companies Act 2006 and UK Generally Accepted Pract8. Th8 ftnancial siatemonls aro Prgpared on a golng concem bas15 under tho hiSl¢al cost convenb'on. Ther8 ar8 no material uncertainli8s regarding the slalu8 of the charity as a golng concern. The signllicanl accounting pc4icies apPld In the preparation of thes8 nanCIal slalements are sel oul b81ow. These policlg¥ have been conslstenlly 8pplied lo all y8ars presented unle88 0th8rwlse slated. In¢om• Incomo Is recognlsed when the charity has enli118menl lo the funds after any performance conditions hav8 beon mel, il 18 probable Ihal the income will be recèived ond the amount can be measured reliably. The following specllic policl8s 8re applled lo partlcular cotogorigs of Incom8'.- For donations to be recogni5od the charity wlll have been notsfi8d of the amount8 and the 5glllemenl dale in wrillng. If there ale condltlons 8tt8ched lo the donation and Ihls requires a levgl 01 perfomiance before enllll8menl can b8 oblaln8d then Income is deferred untll those conditions are lully mel or the fuifilmenl of th088 conditions Is wtthin the control of the charlly and 11 1$ probable th81 they will be fulfilled. Incomg from grants is re¢ognised al fair valuo when the charlty has enlll18ment aft8r any rfOrManCe condition8 have been mel. il is probable that th8 Incomè wlll bg focelved and th8 amount c8n bg mgasured r8llably. If enllllemgnt Is not mel then these amounts 8f8 deferred. Donal8d faGlllli98 and donated profB$51onal Sgrvices are recognlsed In Income at their fair v81ue when their economic benefit 15 probable, il cgn be measured rellably and thg charily has control over the itèm. Fair v8lue is delermlned on the basis of th8 value ol tho gift lo the charity. No amount is included In the flnanclal 81alem8nts for volunlegr tlme in line wllh the SORP {FRS 102). Income from olh8r trading aclivllies Indudes amounts rec9ived from auctions and raffle5. fundraising evenls, the s8le of merchBndise and advertising. Gifts In klnd donated for rèsale are Included as Income from other Iroding acuvllles upon sale. Inve8tment Income ropresenl8 Interest reeelvable on UK bank deposi18, recognlsed whgn rgcelvable by the charity. Exp•ndlture All expenditur8 is accounted for on an accnjals basis alld is recognised where there ig a 18gal or conslrucb'vg obligation lo make paymgnts to third partl88, 11 Is probable that the gettlement will be rgquired and the amount of thè oblig8llon can be measured rellably. 11 is calegorised under the following headings.. Costs of raising funds comprlse costs relats'ng to other trading adivilies and those costs Inrred in Segking voluntary conlribulions. Charitable expendilurg compdses those costs incurred by the chadly in the delivery of its activSlles and Services for its ben8liciaries. 11 include5 both costs that can bo allocalod directly to such actlvS1188 and those costs of an indirect nature necessary lo support them. Page 14 continued...
THE WILD TROUT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnu•d FOR THE YEAR ENDED 30 APRIL 2025 ACCOUNTING POLICIES - contlnu•d Extur Support Costs are those that assist lh6 work of the charity bul do r1 direcuy represent charitable activf(i8s and indud8 office costs, governance costs, administrative and payroll cost5, They ar8 Incurred dlreclly in SLJPPOrt of 8xp8ndilure on the obj8¢ts of the charity. Where support costs can falrly be assigned bg¢ween co818 of raising funds and charltable aclivilies, the Iru5tees consider the following proportions lo be appropriate'.- RJlslng Funds 10D 20% Charltabl• Actlvltl•# 90V. 80% Gangral expenses Telephone and computer costs Staff salaries, office adminislrBllon, printSng. Stationary and postage. travel and subsislencg Motor expenses FIx8d asset depreclatSon Proje¢l dlrectorfs omolum8n18 30% 10% 10% 20% 70% 90°/o 90% 80% Conlrlbutions lo the workplacè pan$ and employee5, independently 8dmlnlsler8d personal p8n8ion 8ch8m98 are charged to the $tstement of financlal activitigs as they becomg payable by the charmy. Irrecoverable VAT Is Ghargod as an expense ag8lnst the actSvlty for which expendllure aro88. T4nglbl• flx•d aBs•ts Tangibl8 fixed a$so1y costing £100 or more are slated al G051 less accumulated deprgciatlon. DepreciaonI5 provld8d al rates calculated lo wrlle off the cosl1g3$ residual valu8 of each a5s81 over Its 8xpeclad usgful life as follows.. Con8erv8lon offlcers, equlpment Flxlures, littlngs ond equSpmenl Motor v9hicles 25% Slralght Ilne 25•A slraighl line 25% reducing balance 8tock• Stocks of goods for re881è arg Included at the l¢)wer of cost ond not r8allsable v8lu9 on a FIFO bas1$. T•x•tlon The charity is èxémpt from corporallon lax on Its charltable acllvllles. Fund accountlng Unreslricled general funé8 are avallable lor u$9 al the di¥erelion of the trustees in furtheranc8 of lh8 general objecliv8s of the charlty and have not been (leSnated for other purposès. Designated funds comprise unrostrfcted funds that hav8 been 8el a8ld8 by the trusteès for particular purposes. The 81m and use of gach designated fund is sol oul In the notes to th8 flnanclal 8talemenl$. Restrlcted funds are funds which are lo be used in acwrd8nce with 5pg¢ilic reslrictbn8 imposed by donors or which h8ve bè8n rolsed by the charity for partlcular purposes. Thg Cost of r8i5ing and adminisl8dng such funds ar8 charged against the specific fund. The aim and use of each Teslricled fund is set out in the notes lo th¥ financial stalomonis. Debtor8 Trade and other debtors 8re recognised at the selllemenl amounl due after any trade discount offered. Prepayments are valued at the amount prepald n81 of any trade dlscounts due. Cash at bank and In hand Cash al bank and cash in hand includes cash and sh¢Jrt term highly Ilquid investments with a short maturity of thre8 months Of less from tho date of acquisition or opening of the deposit or 8Smilar account. Pago 15 onlinu8d...
THE WILD TROUT TRUST LIMED NOTES TO THE FINANCIAL STATEMENTS - contlnu FOR THE YEAR ENDED 30 APRIL 2025 ACCOUNTING POLICIES - contlnued Crediters and pr¢vl$lons Creditors and provisions are recognised where the charity has a present oblig3lion resulting from a past event thal wlll probably result in the transfer of funds lo a third party and ihe amount due to setue the obligation cen be measured or 8Stimaled reliably. Creditors and provlsions are normally recognised al their settlement amount after allowlng for any trade discounts due. DONATIONS AND GRANTS 2025 2024 General donations arKI grants Subscriptions Advisory and practical visits 690,706 94.424 787,793 90,922 882 462 Income from donations and grants was £792,346 12024.. £882,462 of which £160,206 12024.. £229,725) a8 attributable to unreslricled and £632.14012024'. £652,737) was allribuloble to restrlcted fund8. OTHER TRADING ACTIVITIES 2025 2024 Merchandi88 SBI8S Auctions and raffles 2,279 113 798 2.571 100,773 Income from other tradlng actlv1119818 solely attrlbulabla to unroslricted funds. INVESTMENT INCOME 2025 2024 UK bank Inlerègl Inv8slment income Is 5oloty 8ttrlbulable to unrestrtcted fiJndB. Page 16 conllnued...
THE WILD TROUT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS . contlnued FOR THE YEAR ENDED 30 APRIL 2025 RAISING FUNDS Oth•r tr•dln8 a¢llvitlo• 2025 2024 Purchases Advertising, printlng and publishing Auctions Support costs 2,882 26.165 11.244 2.362 27,453 10.415 Expendlturè incurred on other trading aclivi11gs is 8018ly atlribulable lo unrestricted funds. CHARITABLE ACTIVITIES CO8rs Direct Costs Isee note 7 Support CO818 (sea nol8 81 Totals conservaOn projèct costs 245 785 ExpendSlLsre incurrèd on conservation projects was £922,633 12024.. £890,263) of which £178,270 12024, £228.6061 wa5 attributable lo unreslrlclgd and £744,36312024.. £661.6571 was attributable to reslrlcted lunds. DIRECT C08TS OF CHARITABLE ACTIVITIES 2025 2024 Staft Gosts Proiect costs and advlsory and practical v161t8 312,765 269.374 406.287 SUPPORT COSTS Governanco co$1$ Administration Flnance Totals Olhor trading activilles Con88rvalion project costs 53,605 208 034 53,605 Page 17 continued...
THE WILD TROUT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnu8d FOR THE YEAR ENDED 30 APRIL 2025 SUPPORT COSTS- contlnuod Support co8ts, includ8d in tho above, ar8 as follow$.' 2025 2024 Other trading aclivS1ies Conservation proigct costs Total actlvities Total acts'vlti08 Staff Costs Social security Pensions Insurance Posiagè, slalionery and prfnling General gxpenses Other offi'c8 expensès Motor and travelling c05ts Communlcalion and Infomallon technology Subscriptions Depreciation Bank chorges Exchang8 rale varlance Auditors, remuneration Olh8r 8ccounlancy charges Legal and professlonal fees 23,705 11,083 8,353 99,861 2B,785 28,108 7.054 2.112 4,154 123.566 39,868 36,461 7,054 3,017 4,616 3,859 33,617 115.692 34.648 30.880 4.790 2.443 4.106 4.184 26.224 905 3,859 3,S85 30,032 1,514 6.054 621 1.253 3.550 505 7,272 20,484 5.084 581 1.534 2.984 319 7.330 19.406 621 1,392 3,550 505 7.272 20,484 139 245 785 266 178 NET INCOMEIIEXPENDrruREI Not Incomgllexpondllure)18 81aled 8ft6r charglngllcrodrtlngl: 2025 2024 Audllorfs fe88- 8lalutory audll DepreatIOn - owned 88sel$ 7,272 7,330 10. TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslges. remuneration or olhar boneflts for the ye8r ended 30 April 2025 nor for the yoar ended 30 April 2024. Tru•t•eg' •xnI0¥ There wèrg no trustees, expen8e8 pahj for th• year ended 30 Aprll 2025 nor for the year ended 30 April 2024. Page 18 continued...
THE MLD TROUT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 30 APRIL 2025 11. STAFF COSTS 2025 2024 Wage5 and salaries S¢xial security costs Other p8nslon costs 436,331 39.868 385,066 34,648 30,880 512.660 Employee cost8 are allocated to reslricled or unrestricted fUrS based on the time spent on each project or acllvlty and supp(yt w818 in lin8 th the prOpOonS slated in the accounting pdicy note. Thè Trust ha5 sel up a workplace pension under th8 aulo-8nrolment sch8m8 with conlribulions charged lo the statomonl of fSn8nci81 a¢livilies as Ihgy b8com8 payable. Other pgnsion costs are conlributlons PByable by the Trust Into employees, personal p8nslon schemes and charged lo the Statement of finand81 activities a8 they become pay8bl8. All pension ¢08ts are allocated to unrè51rlcled funds. The average monthly numbèr of èmployees durlng the yaar w88 as follows.. 2025 2024 AdmlnS8lr8lon Conseryallon officèrs 12 The numb8r of 8mpbyees whose employeè b8nefrts {excludlng employer p9nBlon c0818> excaaded £60,000 wa8.. 2025 2024 £70.001- £80,000 12. TANGIBLE FIXED AS8ET8 Conseryallon Flxluros, officers, filtings equSpmenl & equipment Motor v&hlcle8 Totals Co•t At 1 May 2024 Addllions 5,194 9,501 11,194 25,989 At 30 Aprll 2025 Dopreclatlon At 1 May 2024 Charge for year 5,194 7.332 10.282 228 22,808 At 30 Apr¢1 2025 Nel book valu• At 30 Aprfl 2025 AI 30 April 2024 912 Page 19 continued...
THE WILD TROUT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - ¢ontlnued FOR ThE YEAR ENDED 30 APRIL 2025 13. STOCKS 2025 2024 Stocks 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepaym8nls rued income 748 4,797 3,520 3,408 11,513 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Soclo18ecurity and other t8X8S Other crodllors Accruals Def8rr8d membership Incorne 8,469 7.549 65.501 6.451 3,092 33.988 51,743 Deferred m8mbgrship income rel8188 to 8ubscription8 re¢elvod in advanc8 for the followlng perlod and 18 expected to be relgasgd to Ihe slalement of linandal acts'vllles in that accounting period. 16. MOVEMENT IN FUNDS At 1 M•y Incom• Expondltur• Tranfjfor• At 30 Aprll 1024 b•tweon 202S fund• Unr••trlct•d InGom• fund• Genaral lunds 293.665 284,495 177,807 {17,411} 383,142 Doslgnaled fund8'. Fixed assets Cousins Legacy Dorset Chalkslreams Environmental Conllng8ncy GAAFS Llnc8 Practical Resources SCOC Chalkslreams Partnorship Southern Chalkslr8arn Yorkshire Fly Fishèrs Don8tson Harris Sea Trout Fund CURAT Trainlng CO Mgntoring Fund Yoikshire Dales NPA FRESH Total unrestrlctsd Income funds 3,081 101,782 14,589 11.513 12.176 5,567 1,000 8,740 330 25,850 10,976 3.914 50 863 4.986 285 1,392 41,524 5,619 7,032 246 4.844 7,912 18,710 80 1,627 10.000 3.316 70,258 9,750 4,481 11,930 1,723 1,158 18,116 3,834 1,025 3.962 162 5,000 6,024 285 2,037 516,104 4,250 487,041 301,851 2.213 272.166 16221 Page 20 )nlinu8d...
THE WILD TROUT TRUST UMITED NOTES TO THE FINANCIAL STATEMENTS - contlnugd FOR THE YEAR ENDED 30 APRIL 2025 16. MOVEMENT IN FUNDS. contlnued At 1 May In¢omg Expendlture Transfers At 30 Aprll 2024 b•tweon 2025 funds R•strlctsd Incomo fund# River conservallon Prdects.. Abbby Riv8r Alre FIP Allen LRS Amwell Magna Auckley GaugSng W8lr B8d88y Brook Bedford Rfver INarl Bentley Brook Better Backs Blylh Gauging Walr Fl8h Bradlord Beck Br8ilsford Brook Ednaston Bristol Fromè Imp Buckmlnsler Estates Bucky Ou$• Habltat Burralor Byron's Pool Fish Pas8 Cam & Granla 8 Caslhofpe Cloughanaely AA Cumbria Angler Engagement Cumbrian CDM Das1911 Hatches (Nadderl Derbys Dorwenl Flsh Passage OerbyslNolts Flsh Passage Prolects EA AV & PV PartnershSp EA WFD Agr99menl Ecclesboum8 Ennis Angling Eridge Stream Gayton Brook Gell VVeSrg Greywell Flp Hills 2 Levels Ilchen Salmon Plan, donor EA Klngslon Brook Langley Flsh Pass La Lawco Letting the Dove Flow Lincolnshire Limestone Beck8 Lincs & Northants Littl8 Ponton WRF Marron Walkovers Midlands Walkovers (Alnel Mimram FIP Misboume 6,855 2.032 3,574 625 6,284 5,329 10,288 14 1.613 24 571 1,968 1,535 387 8,137 1,347 162 9.382 5.265 8.249 12241 9.750 1,371 162 9,575 12831 193 7,769 1,544 272 415 2,373 30.088 24 24 596 3.631 39.279 163 4,271 145 23,195 262 714 8.616 9,750 8,206 1.048 285 3.009 1,318 680 5,082 300 30.088 917 810 1.250 4,249 654 1.321 462 1,050 39,741 1347} 429 2.636 791 25,423 3.333 5,000 3.365 2.228 13,071) 11,665 10,951 36,496 109,230 3,661 26.538 464 931 4,449 11,1361 33,533 3.000 137.447 73 28,$64 347 1.155 492 31.481 3,587 471 4.005 31,830 131 72 10,542 (3,7001 21,940 23,906 1,451 685 8.279 3.588 610 1,416 117 224 3,957 916 587 2,224 15211 5.000 109 31.721 6.550 718 44 11.757 3.517 7.966 20.892 183.198 5,453 1.753 474 16.419 646 1.259 7,217 6.918 164,745 11.4511 1.410 2.095 2.367 108 1.004 3.387 113 16 Page 21 continued...
THE WILD TROUT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS . ¢ontlnued FOR THE YEAR ENDEO 30 APRIL 2025 16. MOVEMENT IN FUNDS - contlnu•d At 1 May Income Exp•ndltur• Transfers At 30 Aprll 2024 b•twè•n 2025 fund• Moy RT - Walkovers Nidd North8a81 LWM Norwell Beck Phase 2 Olanligh Weir Open Rivers Pebble Upper Wilham H8bilat Port8r Brook Weir Rib FIP Ribbl8 Rlvers Rerslorallon Rivor Axe River Burn Improvements River Darent Enhancemènts River Dawros Rlver Easkey River Ehen & Trib$ Rlver Glen Boolhby Rivgr Leen Rlver Team Rlver Tean Rlvers & waand9 D8y6 Rivers Meden & Maun Rocesler Rodlng FIP Rolh&r Trout & Grayllng Spawning Sid Somer8et Stream8 Slenigol Back Swale FIP Trees for Sk5rf8re Trout B9ck TWIST United Ulllilies Upper Aire Land Upper Wllham Scoplng Ure FIP Wansbgck Surveys Watercress & Winlerbournes Wharfe FIP Wicklow Workshop William Grant Foundation Wyre BCLR Yorkshire Water Rlverg & Wetland YWT Restoration Sltes Total rg$trld•d In¢om• funds 1.941 301 4,046 501 95 3,538 1,686 205 51,282 456 226 1,181 5,336 33,051 2,506 24 526 6,114 5,208 695 759 1,075 2,022 7,250 773 18,265 71 347 2,821 1,285 1,054 24 22,500 2,710 22 11.3361 510 4,293 6,110 7,530 3,750 {2961 177 51.105 5.183 47 1.799 8,388 92,661 4.727 179 618 3.052 59,610 239 902 25,543 681 2,740 926 26,069 6,795 3.905 1,303 33 662 13,901 15441 1,697 1,997 28,190 48,333 3,365 17,276 13.142 572 1,410 372 27,417 30,068 2,191 1,735 5.625 13,2941 16.929 908 3,715 3,729 5,000 1,050 1,482 1,458 22.500 2,300 1,462 695 463 19,493 23,498 1,866 1,635 52.000 39,997 1551 14,445 751 910 3,606 183 1,680 12,345 1296) 4,600 13,961 24,200 4,500 663,076 632,140 1,052 673 463 18.500 1,826 36,438 26,491 40 17,197 39,997 8,C67 24 1,C63 3,480 163 13.169 3,822 18,313 2,941 744,363 6,323 727 709 3,700 20 856 862 3,574 19,848 1,559 551,475 622 T¢•tal All Funds 1.150, 117 933.991 1,016,529 1.067.579 Page 22
THE WILD TROUT TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 APRIL 2025 16. MOVEMENT IN FUNDS- ntInUed Purpo89$ of funds Unreslrict8d g8n8ral funds are held for gen8ral charitable purposes in pursuK of tho objectives of the Trust and represent lh8 fr88 reserves of the charity. Dignated funds are unr8strlGled fvnds representing monies earmarked by the trustee8 for a particular purpose or advlty. Rlver conservallon project fvnds have been donated for specrfic cons8Thalion projects on r815 thr(ghout tha 8rilish1498. TranBfor8 Small Iransfgrs were mode belween funds where authortty was recaived and fundlng was for relgvant purposes. Any Iransfors from re8lrlcled lunds lo unreslrlcled funds 8re mad8 wlth the eX1ClI authority of the d¢)nor lo cover management cost8 of r818ted proleci8 funded through gen8r81 funds. 17. RELATED PARTY DI8CLO8URE8 There ar6 no related party Iran88Ctlon8 requlrlng dl8ckJ8ure In ellher ye8r. 18. RECONCILIATION OF NET IEXPENDITURE)nNCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 M•t l•xp•ndltur•)Ilncom• for th• r•portlng p•rlod {•• p•r tho Statament ot Fln•n¢lal Actl¥It1) {82,S38} 24,732 Adjustments for.. DeproclalSon charges Inlgrgst recelvad Inl8re81 receivable Ilncr8aselldecrea88 In sto5 Decrease Ir) debtors Increase in credllors 1,392 127,0471 1,479 17231 1,985 1,534 118,174} {5,3901 767 44,359 M•t c•$h Iu•od Inllprovldad by operatlons 65717) 19. ANALYSIS OF CHANGES IN NET FUNDS At 115124 Cash fflow At 3014125 Not cash Cash al b8nk 1137 354 Total 1 177 651 40.297 1,137,354 P8ge 23
THE WILD TROUT TRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025 2025 Total funds 2024 Total fund8 Unrestricted funds Restricted funds INCOME AND ENDOWMENTS Oonatlon$ and grnnts General donations and grants Subscripllons Advi80ry and practécal visit$ 65.096 94,424 686 625,610 690.706 94,424 7.216 787,793 90,922 3.747 6,530 100,206 632.140 792,346 882,462 Oth•r tradlng a¢tlvltlo• Merchandis8 sales Auctbns and r8ffl88 2,279 113.798 2,279 113.798 2,571 98,2Q2 116,0 116.077 100.773 Inv••tm•nt Inm• UK bank intorosl 25,508 25.568 23,564 Total IncomSng reBource• 301.851 632,140 933.991 1,006,799 EXPENDITURE Other trndlng •¢tlvltb•¥ On-llne merchandlsg sales Advertlslng, prlnung and pub118hing Aucllons 2,882 26,165 2.882 26.165 2,362 27,453 10,415 40.291 40,291 40,230 Charllable •ctlvltl•• Staff costs - conservalon offlc8 Proj8cl co8t8 and advisory and practlcal visits {40.467) 353,232 312.765 269,374 406 287 125,3541 702.202 876,848 675,861 support C06ts Admlnl•tratlon St8ff costs Soc181 security Pensions Insuran¢o Postage. statlonery and prlnling G8n8ral exp8nses Other offi¢9 expgnse8 Motor and travelling costs Communlcallon and information leGhnology C8fTied fornard 99,145 39,868 36,461 7,054 3,017 4,496 3,859 16,502 7,568 217,970 24,421 123,566 39,868 36,461 7,054 3,017 4,616 3,859 33,617 7,568 259,626 115,692 34.648 30.880 4,790 2,443 4,106 4.184 26,224 5,884 228,851 120 17,115 41,65fj Thls paga doe8 not form part of the statutory financial ststemen15 Pag9 24
THE WILD TROUT TRUST LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025 2025 Tolal funds 2024 Totsl funds Unrestrid8d funds Restrictsd funds Admlnistratlon Brought forward Subscdp1nS Depreciation 217,970 621 41.656 269,626 621 228,851 581 219.983 41,656 261,639 230,966 Flnanc• Bank ¢harye8 Exchange r81e varlancè 3,550 3,$50 505 2,984 319 S05 3.550 $05 4.055 3,303 Govèrnance ¢08ts Auditors, remungralion Other acoounlancy chargès Legal and profe581onal fees 7,272 20,484 7,272 20,484 7,330 19,406 Total rasourcas expended 272 166 1016 529 982.067 Ngt Incom• ThSs page doè8 not fonn part of the Statutory financial statomenls Page 25