RE615TERED COMPANY NUMBER: 5C444382 (5rod•nd)
RE615TERED CHARITY NUMBER.. SC039771
Flnadal S
End

pA￿rt of the Truste•s
R•pDrt of the Irdepethi
Statsmert olFIMrKknIActfr41tl
nce Shert
Not•stoth• Al￿ne￿Il Stattments

The trvstees. who are a150 d￿eCtorS of the char1tyf0rt￿ of ih• Crynlts Art XK%. Presentthelr report
with the fubanckal statements of the chèrity for the year ended 31 January ￿25. The twstees have adopted the
provtslon of A¢CoUn￿MI and Reportln8 by Ch•rMtes: Staten*Tht of Recommended Prartke appUCab￿ to charltles
preparfjnl thetr accounts in a¢¢ordan¢e wlth the Financial ReportiTha Standard applkable in the UK and Republk of
Ireland IFRS 1021 leffectfve l January 20191.
OBJEalVES ANDAfftThES
The oblKIs forwhkh the trust 15 establlshed are:
To ad¥aft￿ the eTh%ryronrnental protection. ihe pjblk of all 4>•cl•s of freshw•ter fish. blv¥lves.
Ibwertebrates •nd ot￿r freshwater aquatk specles and ecoSY5ter￿ thrO￿h corbserwdtlon and r•sponslble
enhancement. Thls Inc￿de$the aquatk flora and f•una located In the Inland and coa5talwat•rs of 5kye, Ala￿v,
nd the Small Isles as ltsted In the Skye Dlslrkl Salrnon Flsherfe5 Board Deskn*kni 0￿er 1995, as well as the
rfv*rsand •stu4rlesof l￿h11$h •nd Lkxh Houm.
To advahtè the krtowledp of iht publk and •Try •ssod•tknD. corn￿. loral wthortty, ￿mInIstIatfvQ or
8ov*rntnental alency. orpubllc or rnwesentatfve both th:
The undErstandkn8 of aquatk eco5￿•m9 for •n •conoff& or ￿d•1 •rtl¥tty. •r*dlor ffrnr E•tchment
naKem¢nt
The •ssentlal beneffts of plotectk￿. cons*bWlton, •nd Improvements of •quatk
envlronments.
The m•ln 4rt1v#l¢s undertaken by the tWSt ln rektk>n to thtse obJtrtl¥es Inthdè:
5cl•ntffic r•M•rth •fid n%￿lt011n1oI IfKalt*4bJ tlsh powl•th)ns
Id•ntlflcatlon ol w•ssurns•nd thr••ts 5nycl1￿ t*M flsh 5uThfv•l
De¥elopm•nt ofnwkn mtasur•s ih•t c•n be Im￿￿￿ted to lrnwiwe fish
Outr•ach ind •ducat*)n •¥•nts to r•15* publk aw*reness
Communkation ind data exchange between rele￿￿t stak•t￿ld•13 to further Improv• l•olsl•tlon. prot•rtlon
and rnana8ernent of wdd115h population5
Respons6bl• and sust•lMbJ• consemtlon and restoratkn wxlkes
ACHIEVEMENT AND PEftFORNWCE
Th• maln achlevements of the twst over the last year intludes:
A wkle Tanging )nnual rnonltorin8 pro8ramn* ofwild Mlmun and tr(•rt powl•tlons acro￿ multlple Iwe st4ie5
In fr•shw•ter and esty•rlDt ￿bit*S •cross s￿ and Locha15h.
Partlclpatlon In S￿rnrnent funded n•tbnal fb5h pro8rdmrnes.
DelSvery of educatlon wogrnmmes In local Kvlmary sthools
Engagerntnt with industry and lotal authorfliesto prknftlseaqu•tk ecosystem pmtertlon and after
infrastructure devejoprmnt

Skye & ioth•15h RIVersT￿51
Report of theTrustees{contlnuedl
lof th• Ye•r Ended 31 Janu•ry 2025
AOIIEVEMENT AIID PERFORMANCE lconthued)
The above actlvlties have led to a nurnber of benefrts, includin8'.
Addln¢ sl8nl￿afit￿ to th• potrl of relevarbt data on salmonld populatbns 4nd otherfreshwat•r specles ènd th•
natural and anthropogenl¢ challenges faclng ihtm Sn rlparian and Inshore eDvlronments. These data are
lrnportant to relevant publlc, envlronmental and ¢ommerckl or8inlsatlons In Influenclng 8uldance and best
prartlce ft*rthe protèdlon and Improvement of the envlronment.
Helplng inform publlc declslon-maklni processes such •$ formal planTr5nR perrnls51on requests.
Rabln8 wblk awareness of th• Importance and Complex￿leS of varlous flsh spgclfrs In our local envlronm•nts.
ANANaAL REWEW
Thetrust suffered a n¢t expendllure forthe year totallln8 £3.51312024 net exp•nd6tur• £2,207).
The reser¥•s carrl•d forward at 31 January 2025 total £119.¢XIS12024 £I22,5181. of whlch £nll1£971 •r• restrkttd
funds.
Reseryes pollr
The tNSt c•rrl•s fo￿ard r•s•rv•& y•aron y•ar,to m••tthè cost50f an exp•nd1￿ proy¥fflme of act￿Itte$ andfund
Ir6d urbfores•ttt costs.
sTrucruRE. GOVERNANCE AND MANAGEMENT
Gov•rnlnK dowrnent
The charlty Is controlled by Its8o¥erftlng document, a d••d of tmst, and constitirte$ 4 Ilmtted ¢omp•ny& Ilmfted bv
guarantee, a5 defined by the Comwnles Act 2006.
Appolntm•nt oltYust••s
SLRT Trustee5 carb be nomlnèled and consldered for •ppolThtment by the fvll board of Trustees. New Trustees are
r•cwtted based on thelr ￿rSonal hlstory wtth and knowtedge of:
WSld flsh Ipartlcularty salmonld51 and thelr conservatton andlor
Aquatk and terr•strlal ecosystems and th•lr cons•rvatlon andlor
A background In scfen¢elres*•TchlproJ•ct dev•lopm•nt andlor
FIDanc141 experlence partlcularly wlth re¢ard to r￿Stered charty èccotsnts
Th• p051tion of Chalr Is elerted and rev6e￿d 4t Annual Genernl me•tln85 of th• Board.
From the Tru51'5 Artlcles of ASSOC￿Et0n.'
Any per59n who is willing to act a5 a Trustee, and who Is permltt•d by law to do so. may b• appolnted to be a
Trustee by h resol￿10￿ of the Trustee$.
Where o maxlmum of Twstees has b8•n frA•d (Le. 101. the appolntment of a frust*t must not tatsse that
numberto be exceeded.
No Trustee shall serve for rnore thon nlne consecutfve years, unless th• Trwstees conslder tt would be in th•
best interests of the Charity for a partlcular Trustee to contlnue to serve beyond that perfod and that TN5tee
is reappointed in accordance with the Artkle5.

REFERENCE ANDADMINISTrAII¥E tIEfAILS
N•m• ofdorlty
& Loth•lsh RléW$Tn￿t
SCY4382 Isroilandl
SC039771
R•ilrt•r•d olftr•
Arainn 05ts1g
bhal Mor 051a*
151e of Skye
N44 8RQ
Tn4rt1
E NIaCPhe￿On
l M LlTrds•v
Dr M A Smlth
N H A Pearx*ft
R B Klndne5S
RJ Hendry
M G Bradshaw
C A de Vrles
Ind•wnd•rt •x•mkn•r
D4Dlel Wood 8kc (Honsl CA
Wood Acc¢yJnt•rKy Ltd
Gknt41ew
Upper Feorl
b• of Sky•
IVSS 82L

REPSPONSABIUTIES ANDAPPIIOVAL
Thetrustees Iwho are tht dlreclor5 of Skye & LoclAlsh Rfr4ers Trust for the purpose of company lawl are responslble
for preparing the Report of Tnjstees and the fthanctal staternents in accordance with appllcable and Untted
Kln4dom Stand•rds (Unlted KlnRdom Generalty Accepted knountln8 Pf•¢tK•l.
C¢rfnpany law Twlr*s dlrtctors to wtpare flnanclal st•ternents for eath fiTrandal year ththlch ghe a true •nd falr
vlew of the state of affalrs of the charltatAe company 45 •tthe b•knnce sheet d•te and of Its [ncomS￿ fesource •nd
applk•tlon of resourc￿ Includlnq Incorne and expenditure, for th• fin•nc6al y•ar. In pre￿rIng those flnanclal
statements, thetwstees sh(￿Id folknw best practKe and:
Select sultableaccounttre ￿Ik￿￿and then appWthtmconsSstentlv:
Make ludgernents and estlmattsthat ar• i*•son•ble •Dd wudent
Observ•the methods •nd prfjn¢lples In the chaFIty SORP..
Follow applkable accovnting stand•rds. sublert to ahy rn•terthl dep•rturu dlsckmd Ind •xpl•lr￿l In th•
attovnts,.
Prep•r• fin•n¢l•l st•t¢ments on the conc4rn bas15 unl•ss hMpproprt•t• to presume t￿t th•
or¢anls•tk)n wlll cOntIn￿ on th•t basts.
The trustees are responslbte for mathtaInl￿ proper attountthg records thkh dtsclose wSth rea50nablè atturnty •t
•Thytlmethe financLIl posttlon of theorganlsatbn and tOen•b￿thtMto ensur•thatthefinaDcL4lsiatementscornp
wtth the Charttles and Tfuslee Investrnent IScrtl•ndl Art XKI5. the Ch•rlt6ès Accounts (Scotlandl Re8ulatbn5 2(106
laj arn¢ndedl and the Companles Act 2006. They are also r•sponslblt for ￿f•W•rdIn1 the ossets of the company
and hence for taking re•50n•bl• Steps forthe pr•ventlon of fraud •nd fjt￿r Irreeul4ritie5.
Approved by ord•rof th• iwd 4)n 12 S•F*•mb•r 2025 •nd *ned ￿ Its behwlf by:
RJ Hendry
Trustee

I report on the financi31 statements of the 5kye & Lochalsh Ri4ersTnut forthe yearonded 31 January 2025 a$ set
outon pages 6t0 16.
The charivs trustees (who are a150 the direclors of the C<M￿nY for the W￿lSe of ¢ompany lawl are responslble
forthe preparatk)n of the acclwnts li accordance *4th the ternKs ofthe Charities and Tnts Investment Iscotlandl
Act 2005 and the Charttles knunts15¢otlandl Reeul•t*)D$ 2th16 las amended). The ¢har*y trustees consider that
the audfc requlrement of wulations IOIIMal to (¢1 of the 21M)6 A(ctyJnts Regulati￿$ does not apply. It is my
responsibilityto e¥amine theacoxtnts as requred Under sertion 44llllcl of the act and to Stale whether particuLar
matters have C￿n•t0 rrtyattentk)n.
My examination ￿ orried in accordance wf(h Regulat￿ 11 of the 20l￿ A¢￿￿nts Regulations. An examlnatton
includes a review of the xcounting records kept by the charity and 3 comparison of the accounts presented with
those record& ft atso indudes considerat•Jn of any unusual items or disch)5ure5 in the acctwnts and seeks
explanations frorn the twU￿eeS concerning any suth matter& The YO￿dUreS undertaken do not provide all the
evrdence that woukl be required in an audit arKI. ¢onse4uenity I do not exp￿ an atyjlt oplnloD on the t41ew glven
bytht a¢ttyJrtts.
In the cour5eof rny exalninknn. no matter has comèto ny attention:
l. wthkh Bfves me reasonable cause to belleve that. in anymaterral res￿￿ the requirernents:
to keep att￿ntI￿ r•r£*d5 rn att¢Ydano wth Sedknn 44(IXal of the 2rnS P<t •NI Ilegul4th)n 4 of the
2006 A¢¢o¢Jnts ReQuIat￿n$
to prepare ac¢ounts which acco￿ with th* acwurytlre ￿F￿$ and COTrtht wlh Re8ulatb)n 8 ofthe 2006
A¢Wut￿ Regulath)ns
have not been nrt or
to whlth. In my opinlon. attentwjn Sh￿k1 be drawn in orderto enable a bxoptr understandlng of the acctyjnts
to be reached.
Danlel WWJ BA¢c{H£thsl CA
Wfxxl A¢ctyJthtanty L
Gltnview
Upper Feorle
151e of Skye
IV55 8ZL
12 Septernber 2025

Skye & Lo¢h¥15h RlversTrusi
Statement of Flnancial Artl¥ltt•s
lindud1￿ Income and E¥peDdltsre Account)
for the Year Ended 31January 2025
Unrestritted
Fund
Restricted
Fund
Total Funds
202S
Total Funds
2024
Note5
Income:
Donations and legacles
Intoffle from Charitableartrv￿t[ts
Investment thcorne
3.000
87.244
17.257
20.257
87,244
25.322
81.485
149
Tot•1 ￿come
9LOYO
17.257
108.287
106,956
ExpendfturetM:
Expenditure on charltable artwtties
Govèmantè t05tS
91356
1090
17.354
109,710
1090
107,488
1,675
Total expendlture
X446
I7.￿4
iiuoo
109.163
N•1 ￿￿orne I lexpqndlture)
IW61
115131
Transfers b•twqeThfvnds
Net ffjovernents In fun
114151
13,5131
112071
Total fvnds brought forward
Total fvnds carrled foThrnrd
121421
119.005
97
122,518
119.005
121518
All a￿unt$ relate to tonttnutng artivities.

At 31J￿￿¥102s
Tcrtal Funds Totsl Funds
2025
2024
Fund
Fund
14.070
.070
14,070
14070
16.09S
16.095
Debtors
Cash at baftk and ID hand
io
25,091
100,108
5.199
107,(KJ3
107.003
849
Uabnll*s
Amounts falling due within one year
li
3.914
3,914
18.776
IW935 106A23
T¢Aal net 85s¢ts
IW05
Unrestricted fvnth
Restricted funds
i￿.(￿)5
122,421
97
Total lund5
9￿05
121518
The Charltable wmpany i5ertftled to exefflpkn from •JrfltunderSe£tw 477of the Companles Act 2(K6 forthe year
ended 31 January 2025.
The membersha¥e notrequtyedthecharitsble cornpanytoobtain an au￿rtOf *sllnancialstaternent5fortheye•r ended
31 January 2025 in accordance with SectKJn 476 ofthe CompaniesAtt 20t6.
The tfU5tee5 ack￿ the rtsponsi￿7ltlts for ctynptying wfth the req￿le￿￿ts ofthe Companles Act 2006 with
respect to accounting wercvds and the preparatfjon of financial statemen
Theses financial 5tatemEnts Iwve bt*n wepared in ￿(￿dan￿t#￿the speoal wo¥tslon$of Part 15 of the Companies
Act 2006 relatth8 to smal charltsble companie
The financk?15taternerrts
approved bythe t*)ard gf trnstees on 12 Septenthr 2025 and we $￿ed on its behalf
RJ Hendry
Twstee

Sky• & Lothalsh Rh•rs Trust
Notes to the Flnandal Statemènts
for th•Y•ar Eftd•d 31January 2025
l. G•n•MI Inform•tlon
Skye & locha15h RNersTwust ￿ a company limited by 8uarantee. Incorporated on 13 June 2008. The reg15tered
offl¢e address Is Aralnn Ostal& Sabhal Mor Ostalg, Sleat. Isle of Skye. IV44 8RQ
The ftnon¢lal statements are pr¢p•red In sterlln& whlch Is the hJTrcllonal currency of the cornpany. Monetary
amounts In these financlal statemènt5 are rounded to the ne3re5t £.
l. Accountlnipolldes
2.L 8•sls of prepw•tEon
The financlal statement$ of th• ch•rlt•bl• comp•Try, whlch Is i publk b•nefft entlty und•r FRS 102, hav• been
pr•par8d In accordan¢•wKh the Charltles SORP IFRS 1021'Accountlng and ReportlTh8 by Charltles: Statement of
R￿0MMended Prnctke appllcable to tharttles preparln8 thelr a£counts In acCo￿ance wRh the Flnancfal
Report5n8 StsndaTd applkable In the UK aThd Republlcof Ireland (FR5 1021 leffertfve I january 20191,. Flnanclal
R*portln8 Standard 102 The Flnanclal R•portln¢ Standard appllcable Ir* th• UK and Republk of Ireland, and th•
Companles Art 2006. The financlal statements h•¥e been piepJred underthe hlJtorlc•l <051 conventlon.
2.2. GOI￿ Conc•rn
AftermaklnRapproprl•t••ftqulrt•s, th•Trust•esh•v•• r•ason•bh ?xp•ct•tlon th•tth•Comp•ny hasadequat•
rewurc•s to contlnue In operatlonal exlstonce for the forese•able fijturè. For thls veason. th•y contlnue to
adopt the 80kn8 conc•rn basbs In pre￿￿1Th8th* flnantlal statement.
2.3. Incom¢
All Income Is reco￿1$*d In th• siatement Df flnan¢L41 actlvltles once th• chorlty ha5•ntitl•m•Tht toth• fvnds, It
Is probable that the In¢on* wlll b• r•ctlvod, and the •mount be m•asurod r•llablv.
2A. Exp•ndltw•
Expendltur• Is r•cognSsed as sooft as th•r• Is a l•8al or constrbjctlve oblLqatloTh commlttonq the chailty to the
expendltuie, tt Is probable that a transfer of etonornlc beneflts wlll bè requlred In settlèment and thè amount
of the obllgatlon caTr be rr¢asured rellably. Expendlture ts accounted for on an accwals ba515 and has been
tlasslfied under headln85 that aq8re8ate all costs ￿lated to the cate80ry. WheR costs cannot be dlrertty
ttrlbuted to partlcular he•dln8S. they hav• been alkKated to artlvltlos on a bas15 conslst•nt wtth the us• of th•
resources.
The trust reglstered for VATfrom IS Ortober 2023.
2.5. Flx•d •ssots
Tanglble 15xed assets are Inttlally me•suTed at cost and subsequentty measured at cost or valuatlon, net of
dep￿Clat￿OTr and any lfflpalrment loss•&
Oepreclatlon Is reco8ntsed so asto write off the cost or valuatlon of a55et5 less thek re51dual values over thelr
useful Ilves on thefollowkng bases:
Plant and machlnery
Comwter equlpment
25% on reduclng balance
25% on reduclng balanc•

Nole lo the Fthjnrw str*M¢￿(cO)MlnU*1j
Cash and cash eqU￿d￿nts are basic finantial assets •nd •K￿de cash In hand. depos*s held at call wfLh banks.
other short.term Ilqutd investments wfth orfw'nal Ma￿¥￿￿e5 ofthree month$ or less. and bank overdrafts. Bank
overdrdfts are shown *rfihln t*)rrovMnes In currert Ikt4hYle*
17. Hn•ncl•l In11n￿¢￿S
The company h4$ elerted to appw the ￿￿tsKIn$ of Serthjn 11 'BasK Financial InstNm•nts' and Sectlon 12
'Other Flnanclal Instwurnents tssues. ol FRS 102 to all of its financthl Instrumentk Flnancl•l Instruments are
recognised in the company's balance Sheet w￿n ihe comparw becomes party to the contfactual prOv￿10n5 of
th¢ Instrurnent.
Flnan¢ial assetsand liabllklesareoffset,with the net an￿Unts pr•sent￿ knthefinarttklst•t•ments. wh•nthere
Is a leylty•nforceable wlRht to set off the recwnlsed •nwnts
Bmlc ftn•nd•l •sMts
ask financlal a55ets. whkh Intludt debtots •nd ush and ￿Trk bJl•n¢es, •re Inltlaly I￿aSured at transadlon
prke Includln8 I￿n￿¢t￿1n costs and ar• subxquentty carrled al an￿rttsed cost usbn8 the effertlve inierest
m?thod unless the arrabwment cOnstttut￿ • fin•ncknq transKllon. T*th•re the twansxtlon ts measuied at the
pres•nt value of th• futur• rnc•lpts d￿c￿nted •t • m•rk•t rnte of Inter•st. Flnancl•l assets classlfi•d •$
recelv•ble wtthln ye•r •rn Dot anwrtls•d.
FlnaThclal jlabll1t￿S are cla5Stfied accordtng toth• substsnc• olthe ¢￿t(￿tU•1 arr￿l•M•ntseTrtered Into.
Bosk finand•l KablNtkn¥ ￿t￿d￿ne tr￿lt0￿. b•nk b)an* arn Inttthlty reco￿lled 4ttTrDS•rtlon prke tsnhss th•
arran8ernent con5tttule5 a financir48 I￿n￿cl￿)n. wh•r• th• debt InstnJm￿l ts ￿￿$￿Ted at the present ¥a￿e
of the fvture payrnents dlscounted at a rnarket rate of fnterest. Fln•n¢l•l lfj•bllltles ch5$111ed as payable wtthln
on• year are not an￿rtISed.
Debt Instrufflentsare Subsequent￿ carwled it *mortls•d co¢ U￿r&th+ •ff•cUw knt•r•5t rate ff*thod.
Trade cred￿or$ art oblWbn5 to pay for goL*ls or3er¥kes th•t h•ve been •cqulrnd In the ordinary course of
bus1￿$5 frorn wpplier5. Arnounts payable are da55ifitd as eurr•nt lfj•bilr(iès rf payr1￿rn Is du• wlthln one year
or less. If not, they are presented 4$ T￿n-CUrreTrt Ibabllltbes. Trade tredltors are rptognlsed Inltthllyattr•nsKtlon
prke and subsequentty meagjred at armrtlsed cosl the effectlve Interest rnethod.
2A Lea
Leases are ¢￿ssIlled as fi[￿r￿¥ le•ses w￿never the ternts of the lèase tftn5fèr ￿bStant111ty all the dsks and
rewards ofownershlp toth• l¢ss¢es. All ot￿r lease5 are dassif￿d as operatknl
Assets ￿ld under 1knar￿ l•a5•5 ¥Te rwnlsed 45 assets at the l¢)wer of ￿ a$3rts falr at date of
inception and the present va￿e of the mtnlrnurn lease payments. The related lio￿litY is included In th•
5tstement of financialarti¥illes asa finance lease obl*atlon. Lease pay1￿41e tre•led as conS￿lIn￿of capftal
and Interest t￿Ment& The Irrtertst is charged to ststement of finan¢lal artN6ttes $0 as to produce a constsnt
fk)dl¢ rètt of knt•rest on the b•lance of Ihwty.
Rèntals payablt under operaling le35es. including any least 4i¢entives reteY¥e4 a￿ ¢h•ryed to statement of
rinancial artiv*les on a stra*ht line basi5 o¥erthe terni of the r•ltv•nt lease except wh*r• anothermore

5kye & Lothalsh Rlv•n Trust
Note to the Flnanthl Statements {¢ontlnuedl
lor th• Y•ar Ended 31 Janu•ry 2025
2.& Lows l¢onllmi•d)
systemaiic b•sls Is more repfesentatlve of the tlme pott•rn In whlch e￿fiOmk be￿fftS from the lea5e5 35S•t
are con$umed.
2.9. Fund
Vnrestrirted furbd5 tan ￿ used In atcordance wlth the charttobte oblectSves at the dlscretlon of the trustees.
Restrlcted funds can onty be used for re5trlrted purpos•swtthln the obJ•ctWof the charlty. Restrtttfons arfjs•
when speclfied by the donor or when the fvnds are rnised for a ￿rtf¢￿llr restrfcted purpose.
1.9. T*Natl¢)n
The chaTIty15 ex¢mpt from corporntlon tax on tts th•rhble •c1fv￿1vS.
2.10.P•nthn ￿1% •nd other posl-r•ttr•m¢nt b•n•ffts
The charltable company operates a dgfln8d contrlbutlon penslon xheme. Contributlons payable to th•
charltablecompènvs penslon scheme arechar8•d toth• Statement of Flnanclal Acllvlties the perlod to whlch
they relat•.
2.11.Tr¥rtw r•muA•rntlon b•n•fftos
Durln8 th• y•ar ended 31 January 2025, on• tfustee recelved £1,80012024 £nlll forth• hlre of oftke space.
Trust•• 0X￿n￿l
Th•ro w• no trust••s' •¥pen$es pald for the year endèd 31 Janu•ry 2025 or 31 January 2024.
io

Unrestrided
Fund
Restrkt*d
Fund
Total Funds
Incom•:
Donotlon5 and lopcles
Charftable a£tNttt¢5
Investments
25.322
81.485
149
81,485
149
Totsl Intom•
84094
956
63.738
1.675
43,750
107.488
L675
Gmrn•Ke costs
Tot•1 •X￿dI￿￿r•
ffj5AIJ
4175D
109,163
N•1 Ineorn• I lthponthrn)
{20J881
112071
Rrfmdllatlofidfund
Total funds brought foTh¥ard
Tot•1 urrl•dloMwd
103.740
uuzi
20.985
124,725
121518
I￿orn• from dthMtlons ￿dI•￿d
Unr•Str1rt￿ Reslfftted Totsl Funds Total Funds
Fund
Fund
2025
2024
Donation5
Gr•nts
17J57
. Incon* from •¢thlU
UThrest￿
Fund
RtstfKted Tot*1 Funds Total Funds
Fund
2025
2024
Contrart worts
87.244
81,485
87J44
li

U*re5trthd Restwicted Total Funds Total Funds
Fund
Fund
2025
2024
Bank Interest
786
Unrestrkted Restrkled T*)tal Funds Total Funds
Fund
Fund
2025
2024
Wag•5
Employer NIC
P¢nsk¢ns
Insurance
Llght and heat
Telephone
Postage and rtitbnary
Sundries
EqulprneTht hire
Contract / wol•rt Work
Prolecl costs
ReSe1￿h ￿￿1pM•fit
T•8S
M•rketln¢ •nd brandlni
Subxrlptlons
Computer, softw•r•and dom•ln
Motor exptThs•s
Admlnlstr•tlon
Tr¥velllnK expens•3
Trah)Ini
Reni
ProlessSonal F•es
Bank thafges
txher lnterert charys
Hlre purchas•
Dtpreciation
WRTF re51dual furrfls
61.835
2.144
2.959
1.941
IL717
73.SS2
2,144
2.959
1,941
60.320
796
1,435
1,662
321
246
321
246
300
438
1.2(rf>
1.2¢h)
450
5.187
1.772
5.187
1,597
18.720
726
2.261
726
1261
467
1499
145
1.730
569
L708
174
1589
1499
145
1.730
45
303
550
1.837
131
1.837
131
61
14
4.690
14
4.69)
256
S.365
S60
17354
109.710
107
UfirestrKted
R•rtrlrted Total Funds Totsl fvjnds
Fund
2025
2024
Independent exarnination
Accounts weparation
Payroll and bopkkeepl
930
760
973
302
L675
760
12

Sky•& Lotha15h Rkn Trust
Not•sto the Hnandal Statements {contlnuÈdl
loTth• Yéar Endod 31 lanu•ry 2025
Plant and
rnachlnery
Computer
equlprnent
Totals
At l February 2024
Add￿10￿5
At 31 January 2025
28,797
2,047
4,473 33,270
618
5 091 35.935
D¢pYed•tlon
At l February 2024
Charge for the year
At 31 January 202S
14,332
4.128
18.460
1843 17,17S
562
4.690
3,405 21,865
Net I￿k ¥•lu•
At 31 J•nuary 2025
12,384
1,686 14,070
At 31 Jartuary X124
14,465
1,630 16,095
10. Dthors: 4mouffits f•lllni wlthln on•y••T
2025
2024
PrePaY￿*￿ts and •(cru¢d kn¢om¢
Trad• debtors
VAT
1,682
23,409
213
25,091
11. lJ•thors: •mow)ts lallln8 du• vAlhln ono Y￿r
2025
2024
Accrued •xp¥ns•s
Trnde treditors
Hlre purchas•
PAYEINIC
Pensions
VAT
1.355
256
1,200
5.093
972
967
1,842
461
10,255
3.914
13

Sky• & Ltxhalsh Rl*•rsTN5t
Notetoth• Flnanclil Stjternents Icontlnuedl
lorthe Year Ended 311oJw•ry 2025
11. Mo¥em•nt In lunds
Net
movement
In funds
At 1.2.24
At 31.1.25
Unr•slrlci•dtunds
G•n•rdl fund
122 421
3.416
Rertrf¢t¢d lunds
97
1971
Flsh•rl•s Management Scotland
Albatross
97
97
Totsl fund¥
122,518
3.513
Net mgvement In fvnds ￿tItsded In th• abov• are asfollows:
Incomlni
re$giifce$
Resources
expended
Movtment
In funds
Transfers
Unr•strki•d lunth
General fvnd
3,416
Rertrfcted lunds
97
9,327
7,930
17,354
1971
Flshertes M4n48ement Scotland
Albatr05S
9,327
7.930
17,257
97
Tot•1 funds
14

lor they* Ended aiJamJary2025
At 1.2.23
in lunds
At 31.1.24
GenÈral fvnd
103.740
18,681
121421
si
Educatéon
Wlld Saln¥)nold
Atlantk Salmon Trust
FLsherles mana¥en￿nI Scotland
Nlneveh Trusl
OU￿￿rt0nTrnst
130
2.135
18.720
1331
12,1351
11&720J
97
Tolal fufidj
124.725
1207
122,518
N•t ff#Mment kn fund5 kncluded In the •bo¥e are *5foltr*s:
Incoffllni
sources
R¢S￿r£e$
expended
Tranrfers
In fvnds
G•ner•l fund
6S.413
R•#rfrt•d
617
2.135
18.720
8.528
3,750
(331
12,1351
118,7201
Educatk+n
Wlld 5almonold
Ailantk Saln¥Jn Tn￿t
Flsherfes Marb3￿rnent Scotland
Nlneveh Trusi
LhJfv•rton Trust
8528
3,7SO
22.862
43.750
120,888
Totsl lun
109.163
Srottlsh In¥wfve Speda InlllJllrt ISISQ- funds recei4*d frorn NotureScot for devehping and mana8N)g local
networks focused on the eradlcatknn of In¥ash* SF*ths In Wester Rots aThl LoEha15h.
Edutaikn- funds recelved frorn the Nlnevah and ROlxrtX￿ Twusts for ddhery of trout and trees educ•tlon
pro8r4mme.
Id Salmonld - funds received frorn Fovndathin ScLtland for staff wages and to Fwrthase practtsl and
tethnological equi￿￿1 to undertaketelemetry tTrckiniof a¢knlt sea ir(

Sky• & L<¢thaL%h Alv•rsTru
Note to the Flnand41 Statements l¢onlln
tor the Y￿r Ended 31Jaw 2025
N4￿re and purposeof restrl¢t¢d f￿d$ l¢ontinuedl
Atlantlc SalmthiTrusl-funds ￿(eIVed for a research prole¢ttrackln%salmon smolts tn the marlne envlronmeDt.
Flsherfes ManaBem•nt Scotlaftd - fvnd$ ￿￿1Ved for routtne salmonld monttorlng work and developrnent of
fisheries mana8ement plan.
Albairo5s Itormerty NlnEvehTwst)~fvnds received for a joint herring education proiectwith AlbètrossArt& Part
of a wider projecton the herring population within in Scotland.
TTUSt- fijnds rKeived to contrilxrte towards the adr¥Mn55tratNe costs of the tnjst.
14. Related party dlsdosure
There were no (elated party transactlons forthe year ended 31January 2025 or 31 January 2024.
IS. Employees
The average mnthly nurnber of employees durlnlthe yearwas 212024: 21
16. Independ•nt•xaminerfs rem￿trathin
2025
2024
Fee forthe prepantion and independerbtexamlnatkjn
of annual accovnts
Feèforthe provisron of bu51nes5 5UPPOrt Services
1.330
760
1,373
302
¥675
16