Unaudtted Annual re ort for the Year Ended 31 December 2024 Strule Tributaries and Rivers Trust Limited Registered with the Charity Commission for Northern Ireland NIC108872
Strule Tributaries and Rivers Trust Limited Contents of the Annual Re ort for the Year Ended 31 December 2024 Page Trustees Report 24 Independent Examiners Report Statement of financial activities Balance Sheet Notes to the financial statements
Strule Tributaries and Rivers Trust Limited TRUSTEES, REPORT Charity Name: Strule Tributsries and Rivers Trust Charity Number: NIC 108872 Principal Address 28-30 Old Mounffield Road Omagh BT79 7BJ st Charity Trustees as of 31 December 2024 Shane Colgan Peter Archdale Terry Smithson Kate Crane (resigned 28th August 2024) Robert Ellis Accountantl Independent Examiner Rodney Hamill Bsc. FCA. TEP. Chartered Accountants and Registered Auditors, 28-30 Old Mountfield Road, Omagh, Co. Tyrone BT79 7BJ Bank Danske Bank Donegall Square West Belfast BT16JS
Strule Tributaries and Rivers Trust Limited TRUSTEES, REPORT STRUCTURE AND MANAGEMENT The structure of the Trust is made up from memberswho had brought a case in terms of pollution against government body. The external bodies made up of Riparian landowners and fishing clubs elected a board of Directors to oversee the running of the Trust. There are 5 directors and they are subject to re- election on a rotational basis ea¢h year. The governing documents are the Articles of Association and the Trust Deed. DESCRIPTION AND PURPOSE The Loughs Agency was set up with the primary aim to conserve, protect, manage and improve the Fisheries of the Foyle and Carlingford areas. The Agency 3Cting on its own behalf and also on behalf of lo¢al extemal parties received an out of courtsettlement in June 2009 for£500,000 relating to several pollution incidents from 1999 to 2004. Part of the terms of the agreement were that monies were to be spent on river rehabilitation works in accordance with North Atlantic Salmon Conservation Organization "NASCO. guidelines and overseen by a trustto ensure this money was kept separate from the Agency's core funding. The money was held by the Agency's soli¢itor in a high interest account until it was transferred to the Loughs Agency in February 2011 along with the interest earned. As the settlement funds are held on trust and only to be used for specific purposes they have been included within deferred income as a provision against future costs. As these costs are incurred they are applied against the balance. There was just over £57,560 spent on projects over the year and the works included, bank revetment, spawning beds, nursery streams, and riparian strips to grow trees in and keep animals from the water courses. Extra funding was sought during the year and the trust received £20,776 in funding from DAERA for other schemes over and above the initial obje¢tive such as tree planting and fencing. We also received a grant for £24,667 from the Rivers Trust to put together an operational and management plan and to purchase a website and a functioning webstte. In 2025 we hope to continue the spend on similar projects and also to seek extra funding to assist in the schemes planned. Wthile the broad aim is to enhance and improve the rivers and tributaries wtthin the Trust's area the benefit extends way beyond any increase in salmonid populations as by improving the quality of the river it has a knock-on effect on the invertebrates, birds and on up the food chain. It potentially helps th flood alleviation, community involvement, pride in the area, potential for an increase in angling tourism, fishing etc. ACTIVITIES AND OBJECTIVES The Company's objectives are specifically restricted to the follo)Mng Objectives.. To conserve, protect, rehabilitste, reinstate and improve the rivers, streams, watercourses and water impoundments of the catchments comprising the rivers River Strule and its tributaries above the confluence of the River Owenkillew. To carry out such works to reinstate or improve the habitat for inland fisheries of the Strule catchment vpstream of, but excluding the River Owenkillew, in compliance NASCO guidelines; To advance the education of the public, or any association, company, local authority, administrative or govemmental agency or public body or representative body in the understanding, preservation and conservation of rivers, river corridors and catchments, including their fauna, flora, and economic or social a¢tivtty, and river catchment management. To secure and distribLrte funding to assist in the implementation of the overall aim and objectives of the Trust. To protect, conserve, rehabilitate, reinstate, improve and preserve, as far as is practically possible, for the benefit of the public the local environment and the quality of the rivers, streams, watercourses and water impoundments and the better development of the rural and urban environment.
Strule Tributaries and Rivers Trust Limited TRUSTEES, REPORT PUBLIC BENEFIT STATEMENT In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charity Commission for Northem Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries. FINANCIAL REVIEW The financial report relates to the period from 1 January 2024 to 31 December 2024. All the Funds in the chartty are restricted funds having been received from the court settlement as referred to above. The movement in the fund in the period was.. 2024 2023 Opening balance Habitat improvement and protection scheme Costs Sundry and bank fees Insurance Consultancy (212,418) 12,116 631 654 14,160 {265,864) 52,135 644 661 Closing balance (184,857) (212,418) STATEMENT OF TRUSTEE RESPONSIBILITIES The Trustees are responsible for preparing the annual report and the financial statements of the chartty in a¢¢ordance with applicable law and generally accepted accounting practice. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the ¢harity'S transactions and disclose with reasonable accura¢y at any time its financial position. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and dete¢tion of fraud and other irregularities. Approve behal y the trustees at our annual general meeting on 28th August 2025 and signed on their ane gan {trustee)
Strule Tributaries and Rivers Trust Limited Inde endent Examinevs Re and Rivers Trust Limited ort to the Chari trustees on the Unaudited Annual re ort of Strule Tributaries I report on the accounts of the Trust for the year ended 31SI December 2024, which are set out overleaf. Respective responsibilities of charity trustees and examiner As the charity's tnjstees you are responsible for the preparation of the accounts in accordan¢e with the Charities Act (Northern Ireland) 2008. It is my responsibility to.. Examine the accounts under section 65 of the charities Act Follow the procedures laid down in the general directions given by the Commission under section 65(91(b} of the Charities Act state whether particular matters have come to my attention I have examined your charity accounts as required under section 65 of the Charities Act and my examination was ¢arrted out in accordance with the general Directions given by the Chartty Commission for Northern Ireland under section 65(9}(b) of the Charities Act. My examination included a review of the accounting records kept by the charty and a comparison of the accounts presented with those records. It also included ¢onsideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees conceming any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe.. That accounting records were not kept in accordance with section 63 of the Charities Act That the a¢¢ounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is fijrther information needed for a proper understanding of the accounts to be reached. I have completed my examination and have no concerns in respect of the matters (1} to {4) listed above and, in connection wtth following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Rodney Hamill Bsc. FCA. TEP. Hamill Mcllwaine Chartered Accountants and Registered Auditors 28-30 Old Mountfield Road Omagh Co. Tyrone BT79 7BJ 28th August 2025
Statement of Financial Activities for the Year Ended 31 December 2024 Note Restricted funds 2024 Restricted funds 2023 Restricted income Charitable activities Government grants Investments 27,562 45,443 7,119 80,124 53,446 14,448 4,519 72,413 Expenditure on: Charttable activities (73,702) (67,894) Net incomelexpenditure 4,519 Net movement in funds 6,422 4,519 Total funds brought fomard 52,329 47,810 Total funds carried forward 58,751 52,329
Re istered number= N1622267 Detailed Balance Sheet for the Year Ended 31 De¢ember 2024 2024 2023 CURRENT ASSETS Cash at Bank 243,608 264,747 CREDITORS Amounts falling due within one year Tax NET CURRENT ASSETS 243.608 264,747 TOTAL ASSETS LESS CURRENT LIABILITIES 243,608 264,747 CREDITORS Amounts falling due after more than one year Accruals and deferred income (184,857) (212,418) NET ASSETS 58.751 52,329 RESERVES Restricted Fund 58,751 52,329 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the company to obtsin an audit of its financial statements for the year ended 31 December 2024 in ac¢ordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for.. (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs ofthe company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which othemise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The financial statements have been prepared in accordance with the micro-entity provisions. The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue o th August 2025 and were signed on its behalf by.. n - Director
NOTES TO THE FINANCIAL STATEMENTS STATUTORY INFORMATION Strule Tributaries and Rivers Twst Limited is a private company, limited by guarantee, registered in Northern Ireland. The company's registered number and registered office are as below.. Registered Number.. N1622267 Registered office= 28- 30 Old Mountfield Road Omagh Co. Tyrone BT79 7BJ The presentation currency of the financial statements is the Pound Sterling {£). HMRC Charity reference number". N101217 Nl Charity Commission charity number.. 108872 AVERAGE NUMBER OF EMPLOYEES There are 5 directors and the average number of other employees during the yearwas NIL {2023.' NIL). EXPENDITURE Restricted expenditure Restricted fvnds 2024 Restricted funds 2023 Insurance Bank charges Sundry expenses Accountancy Consultancy Habitat Improvement and Protection Scheme Expenses 654 644 622 697 14.160 57,560 661 66,583 67,894