for the Period Ended 30 September 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 September 2024
Principal activities of the company
Additional information
Wider Network The work of The Spey Foundation contributes to the fishery management policies of The Spey District Fishery Board (although the Board is not a charity). Financial review Financial position The net assets of The Spey Foundation at the year end are £4,385. This is represented by E1,247 attributable to restricted funds pertaining to ongoing projects in relation to genetic analysis and the remaining reserves of £3,138 are unrestricted funds. The incoming resources of the charity in the year to 30 September 2024 amounted to £18,965 (2023 £30,331). Total expenditure incurred amounted to £17,668 (2023 £53,496) giving a surplus of £1,297 (2023 (£23,165) Funds are generally obtained for specific projects and monies allocated accordingly. The main factor outside the charity's control that is relevant to the achievement of the objectives is the weather. Prolonged periods of bad weather can seriously hamper surveys. Future plans At the current time, the most important work for the next financial year will be supporting the Spey Fishery Board's strategy, in response to the Atlantic salmon crisis affecting all our rivers, to maximise the number of wild Atlantic smolts reaching the sea. The Spey Scientific Committee also makes recommendations to the Spey Fishery Board in order to identify key objectives for the future management of the river. 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. The Spey Foundation is a charitable company limited by guarantee, incorporated on 24 September 2009. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Recruitment and appointment of new trustees The Spey Fishery Board has the power to nominate and co-opt Trustees in accordance with the Trust Deed. Induction and training of new trustees No specific training is given as the aims and objectives of the charity are set out in the rules. Related parties The Spey Foundation works closely with The Spey District Fishery Board to ensure sound fishery management within the District of the River Spey. The Spey Foundation and the Director of The Spey District Fishery Board are co-located. Risk management The major risks to which the charity has been exposed have been reviewed. These consist of the ongoing availability of funding for research projects. The Spey Fishery Board could act as underwriter should the need arise.
Directors
The directors shown below have held office during the whole of the period from
1 October 2023
to
30 September 2024
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 September 2024
Basis of measurement and preparation
for the Period Ended 30 September 2024
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