IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2228022023-03-31SC2228022024-03-31SC2228022023-04-012024-03-31SC2228022022-03-31SC2228022022-04-012023-03-31SC2228022023-03-31SC222802ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-31SC222802ns15:PoundSterling2023-04-012024-03-31SC222802ns11:FRS1022023-04-012024-03-31SC222802ns11:IndependentExaminationCharity2023-04-012024-03-31SC222802ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC222802ns11:FullAccounts2023-04-012024-03-31SC222802ns11:CharitiesSORP2023-04-012024-03-31SC222802ns16:EnglandWales2023-04-012024-03-31SC222802ns11:RegisteredOffice2023-04-012024-03-31SC222802ns0:Trustee12023-04-012024-03-31SC222802ns0:Trustee22023-04-012024-03-31SC222802ns0:Trustee32023-04-012024-03-31SC222802ns0:Trustee42023-04-012024-03-31SC222802ns0:Trustee52023-04-012024-03-31SC222802ns0:Trustee62023-04-012024-03-31SC222802ns11:CompanySecretary12023-04-012024-03-31SC222802ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC222802ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC222802ns0:Activity82023-04-012024-03-31SC222802ns0:Activity8ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC222802ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC222802ns0:Activity82022-04-012023-03-31SC222802ns0:TotalUnrestrictedFunds2023-03-31SC222802ns0:TotalRestrictedIncomeFunds2023-03-31SC222802ns0:TotalUnrestrictedFunds2024-03-31SC222802ns0:TotalRestrictedIncomeFunds2024-03-31SC222802ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-03-31SC222802ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2024-03-31SC222802ns10:WithinOneYear2024-03-31SC222802ns10:WithinOneYear2023-03-31SC22280222023-04-012024-03-31SC222802ns10:OwnedAssets2023-04-012024-03-31SC222802ns10:OwnedAssets2022-04-012023-03-31SC222802ns0:TotalUnrestrictedFunds2022-04-012023-03-31SC222802ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC222802ns0:Activity8ns0:TotalUnrestrictedFunds2022-04-012023-03-31SC222802ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC222802ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-03-31SC222802ns10:PlantMachinery2023-03-31SC222802ns10:MotorVehicles2023-03-31SC222802ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-04-012024-03-31SC222802ns10:PlantMachinery2023-04-012024-03-31SC222802ns10:MotorVehicles2023-04-012024-03-31SC222802ns10:LandBuildingsns10:OwnedOrFreeholdAssets2024-03-31SC222802ns10:PlantMachinery2024-03-31SC222802ns10:MotorVehicles2024-03-31SC222802ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-03-31SC222802ns10:PlantMachinery2023-03-31SC222802ns10:MotorVehicles2023-03-31SC222802ns10:CostValuationns10:UnlistedNon-exchangeTraded2023-03-31SC222802ns10:UnlistedNon-exchangeTradedns10:RevaluationsIncreaseDecreaseInInvestments2024-03-31SC222802ns10:CostValuationns10:UnlistedNon-exchangeTraded2024-03-31
REGISTERED COMPANY NUMBER: SC222802 (Scotland)
REGISTERED CHARITY NUMBER: SC032131














Report of the Trustees and

Unaudited Financial Statements For The Year Ended 31 March 2024

for

The Deveron, Bogie and Isla Rivers
Charitable Trust

The Deveron, Bogie and Isla Rivers
Charitable Trust






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 14

The Deveron, Bogie and Isla Rivers
Charitable Trust (Registered number: SC222802)

Report of the Trustees
For The Year Ended 31 March 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects are to conserve, protect, enhance and rehabilitate salmon, sea-trout and trout and other indigenous wildlife and to promote the ecological cycle within the Deveron catchment area and to raise people's awareness of conservation and protected areas by commissioning research and publishing the results for the public's benefit. The significant activities that contribute to the achievement of objectives for the year were as follows; conduct electro-fishing surveys of the River Deveron and its tributaries; operate smolt traps on the River Deveron and Blackwater; collect and analyse adult salmon data from the Deveron District; conduct a salmon smolt tracking project to determine the mortality rate in the river.

Achievements and performance
The incoming resources of the charity for the year amounted to £277,778. This includes donations and grants of £196,627 and income from charitable activities of £64,845. The expenditure incurred amounted to £276,800 which, together with a profit of £3,356 on revaluation of investments, gives rise to an overall surplus of £4,254.

Funds are obtained from several sources such as donations, membership fees, grants, gin sales and contracts which allow priority projects to proceed. This year saw continued funding from the Scottish Initiative (Scottish Natural Heritage and Heritage Lottery Fund) for invasive species control. Funds were also secured from charitable activities such as collaborating with Atlantic Salmon Trust and The Missing Salmon Alliance on Project Deveron. Several fish/habitat surveys were again successfully undertaken on behalf of Scottish Government, renewable energy clients and neighbouring Fishery Boards.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing 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.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC222802 (Scotland)

Registered Charity number
SC032131

Registered office
The Offices
Avochie Stables
Avochie
Huntly
Aberdeenshire
AB54 7YY

Trustees
Mr J Cruickshank OBE (Chairman)
Mr D Borthwick
Mr R Cooper (Vice Chairman)
Mr F Henderson
Mr R Shields
Mr A Allwood


The Deveron, Bogie and Isla Rivers
Charitable Trust (Registered number: SC222802)

Report of the Trustees
For The Year Ended 31 March 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Company Secretary
Mr J Cruickshank

Independent Examiner
Alan Long FCA
Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR

Approved by order of the board of trustees on 5 July 2024 and signed on its behalf by:





Mr J Cruickshank - Trustee

Independent Examiner's Report to the Trustees of
The Deveron, Bogie and Isla Rivers
Charitable Trust

Independent examiner's report to the trustees of The Deveron, Bogie and Isla Rivers Charitable Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 to enable a proper understanding of the accounts to be reached.








Alan Long FCA
The Institute of Chartered Accountants in England and Wales

Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR

5 July 2024

The Deveron, Bogie and Isla Rivers
Charitable Trust

Statement of Financial Activities
For The Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 126,708 69,919 196,627 124,813

Charitable activities
Monitoring, contract and services 57,301 7,544 64,845 78,268

Other trading activities 2 11,878 - 11,878 32,889
Investment income 3 - 4,428 4,428 3,637
Total 195,887 81,891 277,778 239,607

EXPENDITURE ON
Raising funds 4 9,067 - 9,067 16,702

Charitable activities
Monitoring, contract and services 185,929 84,731 270,660 209,382

Other (2,847 ) - (2,847 ) 895
Total 192,149 84,731 276,880 226,979

Net gains/(losses) on investments - 3,356 3,356 (3,959 )

NET INCOME 3,738 516 4,254 8,669
Transfers between funds 13 311 (311 ) - -
Net movement in funds 4,049 205 4,254 8,669

RECONCILIATION OF FUNDS
Total funds brought forward 164,376 162,467 326,843 318,174

TOTAL FUNDS CARRIED FORWARD 168,425 162,672 331,097 326,843

The Deveron, Bogie and Isla Rivers
Charitable Trust (Registered number: SC222802)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 45,740 - 45,740 22,853
Investments 9 - 162,550 162,550 154,766
45,740 162,550 208,290 177,619

CURRENT ASSETS
Stocks 10 2,067 - 2,067 3,294
Debtors 11 33,949 - 33,949 13,736
Cash at bank 93,728 122 93,850 137,345
129,744 122 129,866 154,375

CREDITORS
Amounts falling due within one year 12 (7,059 ) - (7,059 ) (5,151 )

NET CURRENT ASSETS 122,685 122 122,807 149,224

TOTAL ASSETS LESS CURRENT
LIABILITIES

168,425

162,672

331,097

326,843

NET ASSETS 168,425 162,672 331,097 326,843
FUNDS 13
Unrestricted funds 168,425 164,376
Restricted funds 162,672 162,467
TOTAL FUNDS 331,097 326,843

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that 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 of the charitable 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 otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


The Deveron, Bogie and Isla Rivers
Charitable Trust (Registered number: SC222802)

Balance Sheet - continued
31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 5 July 2024 and were signed on its behalf by:





Mr J Cruickshank - Trustee

The Deveron, Bogie and Isla Rivers
Charitable Trust

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


The Deveron, Bogie and Isla Rivers
Charitable Trust

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. OTHER TRADING ACTIVITIES
31.3.24 31.3.23
£    £   
Sponsorships 2,800 4,780
Sales of merchandise and Deveron gin 9,078 28,109
11,878 32,889

3. INVESTMENT INCOME
31.3.24 31.3.23
£    £   
Revaluation of investments 4,428 3,637

4. RAISING FUNDS

Investment management costs
31.3.24 31.3.23
£    £   
Impairment losses - 137

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.24 31.3.23
£    £   
Depreciation - owned assets 5,279 6,306
Surplus on disposal of fixed assets (2,847 ) -

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.



The Deveron, Bogie and Isla Rivers
Charitable Trust

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 75,070 49,743 124,813

Charitable activities
Monitoring, contract and services 63,036 15,232 78,268

Other trading activities 32,889 - 32,889
Investment income - 3,637 3,637
Total 170,995 68,612 239,607

EXPENDITURE ON
Raising funds 16,702 - 16,702

Charitable activities
Monitoring, contract and services 152,108 57,274 209,382

Other 895 - 895
Total 169,705 57,274 226,979

Net gains/(losses) on investments - (3,959 ) (3,959 )

NET INCOME 1,290 7,379 8,669


RECONCILIATION OF FUNDS
Total funds brought forward 163,086 155,088 318,174

TOTAL FUNDS CARRIED FORWARD 164,376 162,467 326,843


The Deveron, Bogie and Isla Rivers
Charitable Trust

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

8. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 65,669 97,594 - 163,263
Additions - - 34,319 34,319
Disposals - (37,565 ) - (37,565 )
At 31 March 2024 65,669 60,029 34,319 160,017
DEPRECIATION
At 1 April 2023 61,227 79,183 - 140,410
Charge for year 1,314 3,238 727 5,279
Eliminated on disposal - (31,412 ) - (31,412 )
At 31 March 2024 62,541 51,009 727 114,277
NET BOOK VALUE
At 31 March 2024 3,128 9,020 33,592 45,740
At 31 March 2023 4,442 18,411 - 22,853

9. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
MARKET VALUE
At 1 April 2023 154,766
Revaluations 7,784
At 31 March 2024 162,550
NET BOOK VALUE
At 31 March 2024 162,550
At 31 March 2023 154,766

There were no investment assets outside the UK.

Cost or valuation at 31 March 2024 is represented by:

Unlisted
investments
£   
Valuation in 2023 154,766
Valuation in 2024 7,784
162,550

The Deveron, Bogie and Isla Rivers
Charitable Trust

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

10. STOCKS
31.3.24 31.3.23
£    £   
Stocks 2,067 3,294

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 8,503 -
Other debtors 18,530 9,572
VAT 2,766 601
Prepayments 4,150 3,563
33,949 13,736

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 6,059 3,626
Pension control - 675
Accrued expenses 1,000 850
7,059 5,151

13. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 164,239 3,738 (21,324 ) 146,653
Designated fund 137 - 21,635 21,772
164,376 3,738 311 168,425
Restricted funds
Improvement Fund 154,766 7,784 - 162,550
The Scottish Species Initiative Project - 311 (311 ) -
Open Rivers Programme 7,701 (7,579 ) - 122
162,467 516 (311 ) 162,672
TOTAL FUNDS 326,843 4,254 - 331,097

The Deveron, Bogie and Isla Rivers
Charitable Trust

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 195,887 (192,149 ) - 3,738

Restricted funds
Improvement Fund 4,428 - 3,356 7,784
The Scottish Species Initiative Project 69,919 (69,608 ) - 311
Open Rivers Programme 7,544 (15,123 ) - (7,579 )
81,891 (84,731 ) 3,356 516
TOTAL FUNDS 277,778 (276,880 ) 3,356 4,254


Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 163,086 1,153 164,239
Designated fund - 137 137
163,086 1,290 164,376
Restricted funds
Improvement Fund 155,088 (322 ) 154,766
Open Rivers Programme - 7,701 7,701
155,088 7,379 162,467
TOTAL FUNDS 318,174 8,669 326,843

The Deveron, Bogie and Isla Rivers
Charitable Trust

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 170,995 (169,842 ) - 1,153
Designated fund - 137 - 137
170,995 (169,705 ) - 1,290
Restricted funds
Improvement Fund 3,637 - (3,959 ) (322 )
The Scottish Species Initiative Project 49,743 (49,743 ) - -
Open Rivers Programme 15,232 (7,531 ) - 7,701
68,612 (57,274 ) (3,959 ) 7,379
TOTAL FUNDS 239,607 (226,979 ) (3,959 ) 8,669

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 163,086 4,891 (21,324 ) 146,653
Designated fund - 137 21,635 21,772
163,086 5,028 311 168,425
Restricted funds
Improvement Fund 155,088 7,462 - 162,550
The Scottish Species Initiative Project - 311 (311 ) -
Open Rivers Programme - 122 - 122
155,088 7,895 (311 ) 162,672
TOTAL FUNDS 318,174 12,923 - 331,097

The Deveron, Bogie and Isla Rivers
Charitable Trust

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 366,882 (361,991 ) - 4,891
Designated fund - 137 - 137
366,882 (361,854 ) - 5,028
Restricted funds
Improvement Fund 8,065 - (603 ) 7,462
The Scottish Species Initiative Project 119,662 (119,351 ) - 311
Open Rivers Programme 22,776 (22,654 ) - 122
150,503 (142,005 ) (603 ) 7,895
TOTAL FUNDS 517,385 (503,859 ) (603 ) 12,923

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.