Strule Tributaries and Rivers Trust Limited TRUSTEES, REPORT Charity Name: Strule Tributaries and Rivers Trust Charity Number: NIC 108872 Principal Address 28-30 Old Mounffield Road Omagh BT79 7BJ Charity Trustees as of 31st December 2024 Shane Colgan Peter Archdale Tery 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 Mounffield 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 ofthe Trust is made up from members who had brought a case in terms of pollution against a govemment 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 each 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 acting on its own behalf and also on behalf of local e£cernal parties received an out of court settlement 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 wth North Atlantic Salmon Conservation Organization "NASCO" guidelines and overseen by a trust to ensure this money was kept separate from the Agency's core funding. The money was held by the Agency's solicitor 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 fvture 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 objective such as tree planting and fen¢ing. We also received 8 grant for £24,667 from the Rivers Trust to put together an operational and management plan and to purchase a website and a functioning website. In 2025 we hope to continue the spend on similar projects and also to seek extra funding to assist in the s¢hemes planned. Vlthile the broad aim is to enhance and improve the rivers and tributaries within the Trust's area the benefft 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 with flood alleviation, communty involvement, pride in the area, potential for an increase in angling tourism, fishing et¢. ACTIVITIES AND OBJECTIVES The Company's objectives are specifically restricted to the following Objectives- To conserve, protect, rehabilitate, 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 reinstste or improve the habitat for inland fisheries of the Strule catchment upstream of, but excluding the River Owenkillew, in compliance wth NASCO guidelines., To advance the education of the public, or any association, company, local authority, administrative or governmental agency or public body or representative body in the understanding, presetvation and conservation of rivers, river corridors and catchments, including their fauna, flora, and economic or social activity, and river catchment management. To secure and distribute 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, forthe benefit of the publi¢ the local environment and the qualtty 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 Charity 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 charity in accordance with applicable law and generally accepted a¢¢ounting practice. The Trustees are responsible for keeping adequate a¢¢ounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time its financial posttion. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection 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)