Company Registration Number: N1042580
Charlty Number." 104712
North Atlantic Salmon Fund (Nl)
IA company limited by gvarant•è, not having a shar8 ¢apital}
Annual Report and Unaudited Financial Statements
for the financial year ended 31 March 2024
Mccleary & Company Ltd
Chartered Accountants
Garvey Studios
14 Longstone Street
Lisburn
Co Antrim
BT28 1TP

North Atlantic Salmon Fund (Nl)
IA company limited by guarantee, not having a share capltsll
CONTENTS
Page
Trustees, and Other Information
Trustees, Annual Report
Statement of Trustees, Responsibilities
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
10-12
Supplementary Infomialion relating to the Financial Statements
14-16

North Atlantic Salmon Fund (Nl)
IA ¢ompany limited by guarantèe, not having a share ¢apitall
TRUSTEES. AND OTHER INFORMATION
Trustees
Mr Samuel John McBride
Ms Madeline Kelly
Mr Robert James Haughey
Mr Robert Francis Marshall
Mr Gary William Houston
Company Secretary
Mr Paul Moore Johnston
Charlty Number in Northern Ireland
104712
Company Registration Number
N1042580
Registered Office
Garvey Studios
14 Longstone Street
Co Antrim
BT28 1TP
Independent Examiner
Mccleary & Company Ltd
Chartered Accounlanls
Garvey Studios
14 Longstone Street
Lisburn
Co Antrim
BT28 1TP

North Atlantic Salmon Fund (Nl)
IA company limited by guarantee, not having a share capltsll
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 March 2024
The trustee5 present their Trustees, Annual Report, combining Ihe Directors, Report and Trustees, Report, and the
unaudited financial slalemenls for the financial year ended 31 March 2024.
The financial statements are prepared in accordance wllh the Companies Act 2006, FRS 102 'The Financlal
Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities..
Statement of Recommended Practi￿ applicable to charities preparing their financial slalements in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021.
The Trustees, Report contains the infomialion required lo be provided in the Trustees, Annual Report under the
Statement of Recommended Practice {SORP) guidelines. The trustees of the charity are also Charity trustees for the
purpose of charity law and under the charity's constitution are known as members of the board of trustees.
In this report the trustees of North Allantic Salmon Fund (Nll present a summary of its purpose, govemance.
activities. achievements and finances for the financial year 31 March 2024.
The charity is a registered charily and hence the report and results are presented in a forrn which complies with the
requirements of the Companies Act 2006 and. although not obliged to comply with the Statement of Recommended
Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its
recornmendations where relevant in these financial statements.
Mission, Objectlves and Strategy
Mlssion Statement
The North Atlantic Salmon Fund (Nl} was fomied to further the cause of the conservation of wild Allanlic salmon. One
of the primary means of doing this was to contribute to the retirement of salmon netting which has been done on a
considerable level in the past.
The overall conservation status of the wild Atlantic salmon in Northern Ireland at present is poor and the fishery
authorities have taken widespread conservation measures lo reduce exploitation of the species. This has included the
cessation of all netting.
In addition, research into the life cycle of wild Allantic salmon across its range in north-west Europe indicates that
there are problems with sea survival. in many counlrres. The production of juvenile salmon in rivers appears to be
reasonable at present. The problem cenlres on the lack of retuming adults from sea to the rivers lo spawn.
In this scenario. we find ourselves in a position where expenditure of monies available is not the best use of
resources, in that conseNation rneasures in freshwater c8n do nothing to address the central problem of poor sea
survival. The buyout of nets which presently are not permitted to fish is not sensible as it is likely that many nels men
who are of pensionable age are unlikely to return to the activity if and when netting is again permitted.
Therefore, at present our situation is best served by retaining the monies garnered to date in the expectation that at
some point in the future when circumstsnces Change, we can resume our core activities
Govorning document
The charity is controlled by its governing document, a deed of trust. and constitutes a limited company, limited by
guarantee. as defined by the Companies Act 2006.
Flnancial Review
The results for the financial year are set out on page 8 and additional notes are provided showing income and
8xpenditure in greater detail.
Flnancial Results
At the end of the financial year the charity has asset5 of £36.499 (2023 - £36,437) and liabilities of £355 12023
£355). The net assets of the charity have increased by £62.
Reserves Position and Policy
The Trustee's are to review the level of unrestricted reserves, that it is approprtale to hold taking account of the
current and ongoing commitments. It is the policy of the Trustees to hold at least three months expenditure.

North Atlantic Salmon Fund (Nl)
(A company Ilmitad by guarantèe, not having a shar• eapitall
TRUSTEES. ANNUAL REPORT
for the financial year ended 31 March 2024
Truslees
The trustees who served throughout the financial year, except as noted, were as follows..
Mr Samuel John McBride
Ms Madeline Kelly
Mr Robert James Haughey
Mr Robert Francis Marshall
Mr Gary William Houston
The secretary who served during the financial year was..
Mr Paul Moore Johnston
Compliance with Se¢tor-Wide Legislation and Standards
The charity engages pro-actively with legislation, standards and codes which are developed for the sector. North
Atlantic Salmon Fund {Nl} subscribes to and is compliant with the following..
The Companies Act 2006
The Charities SORP IFRS 102)
Approved by thè Board of Trustees on 26 November 2024 and signed on It$ behalf by:
Mr Samuel
Trustee
ohn McBri

North Atlantic Salmon Fund (Nl)
IA company Ilmlted by guarantee. not having a Share capital)
STATEMENT OF TRUSTEES. RESPONSIBILITIES
for the financial year ended 31 March 2024
The trustees. who are also directors of North Atlantic Salmon Fund INI) for the purposes of company law, are
responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the tfuslees as the directors to prepare financial statements for each financial year. Under that
law the Iruslees have elected lo prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS102 "The
Financial Reporting Standard applicable in the UK and Republic of I￿land.. Under company law the trustees must not
approve the financial statements unless they are satisfied that they give a Inje and fair view of the state of affairs of
the charity and of the net income or expenditure of the charity for that pertod.
In preparing thes8 financial statements, the trustees are required lo..
select suitable accounting policies and apply them consistently.,
make judgements and estimates that are reasonable and prudent.,
state whether the financial statements have been prepared in accordance with the relevant flnancial reporting
framework, identify those standards, and note the effect and the reasons for any material departure from those
standards,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The trustees confirm that they have complied with the above reqU1￿ments in preparing the financial statements.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and
enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible
for safeguarding the assets of the charity and hence ft)r taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by the Board of Trustees on 26 November 2024 and $igned on its behalf by:
Mr Sam
Truste
l John NcBride

North Atlantic Salmon Fund (Nl)
IA company Ilmlt•d by guarante8, not having a sharè capltall
INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES
OF NORTH ATLANTIC SALMON FUND (NI)
I have examined the financial statements of the charity for the financial year ended 31 March 2024, which comprise
the Statement of Financial Activities {incorporaling an Income and Expenditure Account), the Balance Sheet and the
related notes.
This report is made solely lo the charitys members. as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. My work has been undertaken so that I might compile the financial statements that I have been
engaged to compile, report to the Board of Trustees that I have done so. and state those matters that I have agreed to
state to them in this report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume
responsibility to anyone other than the charity and the charity's members, as a body, for my work. or for this report.
Respoctivo responsibilities of trustees and ¢xamlner
The charity's trustees (who are also the directors of the company for the purposes of company lawl are responsible
for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The
charity's Iruslees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the
Companies Act 2006 and that an independent examination is required.
It is my responsibility to:
examine the financial slalements under sedion 65 of the Charities Act..
follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland
under section 65{9){b} of the Charilies Act- and
state whether particular matters have come to my attention.
Basis of independent examiner's report
I have examined your charity financial statements as required under section 65 of the Charities Act and my
examination was carried out in accordance with the general Directions given by the Charity Commission for Northern
Ireland under section 65{9){b) of the Charities Act. An examination includes a review of the accounting records kept
by the charity and a comparison of the financial statements presented with those records. It also includes
consideration of any unusual items or disclosures in the financial statements and seeking explanations from the
Iruslees concerning any su¢h matters. The procedures undertaken do not provide all the evidence that would be
required in an audit and consequently no opinion is given as to whether the accounts present a 'lnJe and fair. view
and the report is limited to those matters set out in the statement below.
In connection with my examination, no matter has come lo my attention which gives me cause to believe that in, any
material respecl..
accounting records were not kept in accordance with section 386 of the Companies Act 2006
the financial statements do not accord with those accounting records
the financial statements have not been prepared in aceordance with the accounting requirements of section 396 of
the Cornpanies Act 2006 and with the methods and principles of the Statement of Recommended Practi
applicable to charities preparing their accounts in accordance with the Financial Reporbng Standard applicable in
the UK and Republic of Ireland (FRS102}
there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order lo enable a proper understanding of the financial statements lo be reached.
John Mc
MCCLEARY & COMPANY LTD
Chartered Accountants
Garvey Studios
14 Longstone Street
Lisbum
Co Anlrim
BT28 1TP
Date: 26 November 2024

North Atlantic Salmon Fund (Nl)
IA company limited by guarantee, not havlng a sharè capital)
STATEMENT OF FINANCIAL ACTIVITIES
{Incorporatlng an Ineom• and Expenditure Aceountl
for the financial year ended 31 March 2024
Unrestricted
Funds
2024
Total Unrestricted
Funds
Funds
2024
2023
Total
Funds
2023
Notes
Income
Donations and legacies
Investments
414
92
414
92
732
89
732
89
Total in¢ome
506
506
821
821
Expenditure
Charitable activities
408
408
Net incomel{expendlture}
62
62
413
413
Transfers between funds
Net movement in funds for the financial year
62
62
413
413
Reconciliation of funds:
Total funds beginning of the year
36,082
36.082
35.669
35,669
Total funds at the ènd of the year
36.144
36,144
36,082
36.082
The Statement of Financial Activities includes all gains and losses recognised in the financial year.
All income and expenditure relate to continuing activities.
The notes on pages fo lo 12 form part of the financial stalernenls

North Atlantic Salmon Fund (Nl)
IA eompany Ilmited by guarantee. not having a sharè ¢apitall
Company Number.. N1042S80
BALANCE SHEET
as at 31 March 2024
2024
2023
Notes
Current Assets
Cash at bank and in hand
36,499
36,437
Creditors: Amounts falllng due wlthin one year
Net Current Assets
{3551
(355)
36.144
36,082
Total Assets less Current Liabilitles
36,144
36.082
Funds
General fund (unrestricted)
36,144
36.082
Total funds
36.144
36.082
These financial statements have been prepared in accordance with the special provisions relating lo small companies
within Part 15 of the Companies Act 2006.
For the financial year ended 31 March 2024 the charity was entitled to exemption from audit under section 477 of the
Companies Act 2006., and no notice has been deposited under section 476.
The trustees confirm that the members have not required the company lo obtain an audit of its financial slalemenls for
the financial year in question in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply
with section 386 and for preparing financial slalemenls which give a true and fair view of the state of affairs of the
charity as al the end of the financi81 year and of its profit and loss for the financial year in accordance with the
requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006
relating to financial $latemenls, so far as applicable to the charity.
Approved by the Board of Trustees and authorlsed for issue on 26 November 2024 and signed on its behalf
by
am
Trusto
John
The notes on p8ge8 10 10 12 form part of the financial statements

North Atlantic Salmon Fund (Nl)
IA Company Ilmlt•d by guarantèe. not havlng a shara eapitall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
GENERAL INFORMATION
North Atlantic Salmon Fund {Nl) is a company limited by guarantee incorporated in Northern Ireland. The
registered office of the charity is Garvey Studios. 14 Longslone Street. Co Antrim. BT28 1TP. The financial
statements have been presented in Pound (£1 which is also the functional currency of the charity.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered
material in relation to Ihe charit￿$ financial slalements.
Basis of preparation
The financial statements have been prepared on the going concern basis under the historical cost convention,
modified to include certain items al fair value. The financial statements have been prepared in accordance
with the Statement of Recommended Practice {SORP} "Accounting and Reporting by Charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
FRS 102"
As pemiitted by the Companies Act 2006, the charity has varied the standard formats in that act for the
Statement of Financial Activities and the Balance Sheet. Departures from the standard formals are to comply
with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that
SORP.
Statement of compliance
The financial statements of the charity for the financial year ended 31 March 2024 have been prepared on the
going concern basis and in accordance wlh the Statement of Recommended Practice ISORP} 'Accounting
and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in Ihe UK and Republic of Ireland FRS 102..
Cash flow statement
The charity has availed of the exemption in FRS 102 from the requirement to produce a cash flow statement
bec8use it is classified as a small charity.
Fund accounting
The following are the categories of funds maintained..
Unrestrlctsd funds
Unrestricted funds consist of General funds.
General funds represent amounts which are expendable al the discretion of the board. in fvrtherance of the
objectives of the charity-
Income
Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally
entitled lo the income, performance conditions attached to the item{s) of income have been mel, the amounts
involved can be measured with sufficient reliability and it is probable that the income will be received by the
charity.
Expenditure
Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are
separately accumulated and dlsclosed, and analysed according to their major components. Expenditure is
recognised when a legal or conslruclive obligation exists as a result of a past event. 8 transfer of economic
benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs
are those functions that assist the work of the charity but cannot be allributed to one activity- Such costs are
allocated to activities in proportion lo staff time spent or other suitable measure for each activity-
Cash at bank and In hand
Cash at bank and in hand comprises Cash on deposil at banks requiring less than three month5 notice of
withdrawal.
Taxation and deferred taxation
No current or deferred taxation arises as the charity has been granted ¢harilable exemplion. Irrecoverable
valued added tax is ex
ensed as incurred.
10

continued
North Atlantic Salmon Fund (Nl)
IA company limited by guarantee. not having a share ¢apitall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
INCOME
DONATIONS AND LEGACIES
Unrestrlcted Restricted
Funds
Funds
2024
2023
Donations and legacies
414
414
732
INVESTMENTS
Unrestrl¢ted Restrlctod
Funds
Funds
2024
2023
Investments
92
92
89
EXPENDITURE
CHARITABLE ACTIVITIES
Dlre¢t
Costs
other
Costs
Support
Costs
2024
2023
Expenditure on charitsble activites
408
SUPPORT COSTS
Charitable
A¢tivities
2024
2023
Support
408
ANALYSIS OF SUPPORT COSTS
2024
2023
Support
408
INVESTMENT AND OTHER INCOME
2024
2023
Bank interest
92
89
CREDITORS
Amounts falling due wlthln ong year
2024
2023
Accruals and deferred income
355
355
RESERVES
2024
2023
At the beginning of the year
Surplus for Ihe financial year
36,082
62
35,669
413
At the end of the year
36.144
36,082
11

North Atlantic Salmon Fund (Nl)
continued
IA company Ilmited by guarantee, not having a share capital)
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2024
FUNDS
RECONCILIATION OF MOVEMENT IN FUNDS
Unrestrlcted
Funds
Total
Funds
At 1 April 2022
Movement during the financial year
At 31 March 2023
Movement during the financial year
At 31 March 2024
35,669
413
35.669
413
36,082
62
36,082
62
36.144
36,144
ANALYSIS OF MOVEMENTS ON FUNDS
Balance
1 April
2023
Income Expendlture
Transfers
between
funds
Balance
31 March
2024
Unrestricted funds
Unrestricted General
36,082
506
444
36.144
Total funds
36.082
506
36,144
ANALYSIS OF NET ASSETS BY FUND
Current
assets
Current
liabilities
Total
Unrestricted general funds
36,499
(355)
36,144
36,499
{3551
36,144
10.
STATUS
The charity is a company limited by guarantee not having a share capital.
TRUSTEES. REMUNERATION
11.
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year
ended 31 March 2023.
There were no trustees. expenses paid for the year ended 31 March 2024 nor for the year ended 31 March
2023.
12.
RELATED PARTY TRANSACTIONS
There were no related party transactions for the year ended 31 March 2024.
13.
POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charity since the financial ye8r*n(J.
12

NORTH ATLANTIC SALMON FUND
Nl
IA company Ilmited by guarantèè. not having a share ¢apitall
SUPPLEMENTARY INFORMATION
RELATING TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024
13

North Atlantic Salmon Fund (Nl)
(A company Ilmited by guarantee, not having a shar• ¢apitall
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
OPERATING STATEMENT
for the financial year ended 31 March 2024
2024
2023
Schedule
Income
414
732
Charitable activities and other expenses
(444)
(408)
{301
324
Miscellaneous income
92
89
Net surplus
62
413
The supplementary information does not forrn part of the financial statements
14

North Atlantic Salmon Fund (Nl)
IA company limited by guarantèe, not havlng a share capltall
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
SCHEDULE 1 . CHARITABLE ACTIVITIES AND OTHER EXPENSES
for the financial year ended 31 March 2024
2024
2023
Expenses
Accountancy
Bank charges
414
30
378
30
408
The supplementary information does not form part of the financial statements
15

North Atlantic Salmon Fund (Nl)
IA Company limltèd by guarantee. not having a share capltsll
SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS
SCHEDULE 2 . MISCELLANEOUS INCOME
for the financial year ended 31 March 2024
2024
2023
Miscellaneous In¢ome
Bank Interest
92
89
The supplementary information does not fomi part of Ihe financial statements
16