IRIS Accounts Production v25.1.4.42 Other Company accounts True false Pounds 1.4.24 31.3.25 31.3.25 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC222802 2024-03-31 SC222802 2025-03-31 SC222802 2024-04-01 2025-03-31 SC222802 2023-03-31 SC222802 2023-04-01 2024-03-31 SC222802 2024-03-31 SC222802 ns0:CharitableCompanyLimitedByGuarantee 2024-04-01 2025-03-31 SC222802 ns15:PoundSterling 2024-04-01 2025-03-31 SC222802 ns11:FRS102 2024-04-01 2025-03-31 SC222802 ns11:IndependentExaminationCharity 2024-04-01 2025-03-31 SC222802 ns11:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 SC222802 ns11:FullAccounts 2024-04-01 2025-03-31 SC222802 ns11:CharitiesSORP 2024-04-01 2025-03-31 SC222802 ns16:EnglandWales 2024-04-01 2025-03-31 SC222802 ns11:RegisteredOffice 2024-04-01 2025-03-31 SC222802 ns0:Trustee1 2024-04-01 2025-03-31 SC222802 ns0:Trustee2 2024-04-01 2025-03-31 SC222802 ns0:Trustee3 2024-04-01 2025-03-31 SC222802 ns0:Trustee4 2024-04-01 2025-03-31 SC222802 ns0:Trustee5 2024-04-01 2025-03-31 SC222802 ns0:Trustee6 2024-04-01 2025-03-31 SC222802 ns11:CompanySecretary1 2024-04-01 2025-03-31 SC222802 ns0:TotalUnrestrictedFunds 2024-04-01 2025-03-31 SC222802 ns0:TotalRestrictedIncomeFunds 2024-04-01 2025-03-31 SC222802 ns0:Activity8 2024-04-01 2025-03-31 SC222802 ns0:TotalUnrestrictedFunds ns0:Activity8 2024-04-01 2025-03-31 SC222802 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2024-04-01 2025-03-31 SC222802 ns0:Activity8 2023-04-01 2024-03-31 SC222802 ns0:TotalUnrestrictedFunds 2024-03-31 SC222802 ns0:TotalRestrictedIncomeFunds 2024-03-31 SC222802 ns0:TotalUnrestrictedFunds 2025-03-31 SC222802 ns0:TotalRestrictedIncomeFunds 2025-03-31 SC222802 ns0:TotalUnrestrictedFunds ns10:WithinOneYear 2025-03-31 SC222802 ns10:WithinOneYear ns0:TotalRestrictedIncomeFunds 2025-03-31 SC222802 ns10:WithinOneYear 2025-03-31 SC222802 ns10:WithinOneYear 2024-03-31 SC222802 ns10:OwnedOrFreeholdAssets ns10:LandBuildings 2024-04-01 2025-03-31 SC222802 ns10:PlantMachinery 2024-04-01 2025-03-31 SC222802 ns10:MotorVehicles 2024-04-01 2025-03-31 SC222802 2 2024-04-01 2025-03-31 SC222802 ns10:OwnedAssets 2024-04-01 2025-03-31 SC222802 ns10:OwnedAssets 2023-04-01 2024-03-31 SC222802 ns0:TotalUnrestrictedFunds 2023-04-01 2024-03-31 SC222802 ns0:TotalRestrictedIncomeFunds 2023-04-01 2024-03-31 SC222802 ns0:TotalUnrestrictedFunds ns0:Activity8 2023-04-01 2024-03-31 SC222802 ns0:Activity8 ns0:TotalRestrictedIncomeFunds 2023-04-01 2024-03-31 SC222802 ns10:OwnedOrFreeholdAssets ns10:LandBuildings 2024-03-31 SC222802 ns10:PlantMachinery 2024-03-31 SC222802 ns10:MotorVehicles 2024-03-31 SC222802 ns10:OwnedOrFreeholdAssets ns10:LandBuildings 2025-03-31 SC222802 ns10:PlantMachinery 2025-03-31 SC222802 ns10:MotorVehicles 2025-03-31 SC222802 ns10:UnlistedNon-exchangeTraded ns10:CostValuation 2024-03-31 SC222802 ns10:RevaluationsIncreaseDecreaseInInvestments ns10:UnlistedNon-exchangeTraded 2025-03-31 SC222802 ns10:UnlistedNon-exchangeTraded ns10:CostValuation 2025-03-31

REGISTERED COMPANY NUMBER: SC222802 (Scotland)

REGISTERED CHARITY NUMBER: SC032131

Report of the Trustees and

Unaudited Financial Statements For The Year Ended 31 March 2025

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 2025

| 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 2025

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 2025. 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.

Achievements and performance

The incoming resources of the charity for the year amounted to £324,189. This includes donations and grants of £219,110 and income from charitable activities of £49,040. The expenditure incurred amounted to £272,025 which, together with a profit of £453 on revaluation of investments, gives rise to an overall surplus of £52,617.

Funds are obtained from several sources including membership fees, grants, donations, charitable auction, gin sales and contracts to allow our priority projects to proceed. This year saw continued funding from the Scottish Invasive Species Initiative (NatureScot)for non-native invasive species control. Several fish/habitat monitoring and fish rescue contracts were again successfully undertaken on behalf of renewable energy clients and neighboring Fisheries Boards. Funds were also secured from charitable partnership projects such as collaborating with the Atlantic Salmon Trust, Missing Salmon Alliance and Caledonia OWF on project Deveron and our new collaboration with Chivas Brothers named The River Within.

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

Company Secretary

Mr J Cruickshank

The Deveron, Bogie and Isla Rivers

Charitable Trust (Registered number: SC222802)

Report of the Trustees

For The Year Ended 31 March 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Alan Long FCA

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

Approved by order of the board of trustees on 16 July 2025 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 2025.

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

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

16 July 2025

The Deveron, Bogie and Isla Rivers

Charitable Trust

Statement of Financial Activities

For The Year Ended 31 March 2025

| 31.3.25 |  | 31.3.24

| Unrestricted |  | Restricted |  | Total |  | Total

| funds |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ |

INCOME AND ENDOWMENTS FROM

Donations and legacies | 124,054 |  | 95,056 |  | 219,110 |  | 196,627 |

Charitable activities

Monitoring, contract and services | 49,040 |  | - |  | 49,040 |  | 64,845 |

Other trading activities | 2 | 53,080 |  | - |  | 53,080 |  | 11,878 |

Investment income | 3 | - |  | 2,959 |  | 2,959 |  | 4,428 |

Total | 226,174 |  | 98,015 |  | 324,189 |  | 277,778 |

EXPENDITURE ON

Raising funds | 18,289 |  | - |  | 18,289 |  | 9,067 |

Charitable activities

Monitoring, contract and services | 174,051 |  | 79,685 |  | 253,736 |  | 270,660 |

Other | - |  | - |  | - |  | (2,847 | )

Total | 192,340 |  | 79,685 |  | 272,025 |  | 276,880 |

Net gains on investments | - |  | 453 |  | 453 |  | 3,356 |

NET INCOME | 33,834 |  | 18,783 |  | 52,617 |  | 4,254 |

Transfers between funds | 12 | (14,290 | ) | 14,290 |  | - |  | - |

Net movement in funds | 19,544 |  | 33,073 |  | 52,617 |  | 4,254 |

RECONCILIATION OF FUNDS

Total funds brought forward | 168,425 |  | 162,672 |  | 331,097 |  | 326,843 |

TOTAL FUNDS CARRIED FORWARD | 187,969 |  | 195,745 |  | 383,714 |  | 331,097 |

The Deveron, Bogie and Isla Rivers

Charitable Trust (Registered number: SC222802)

Balance Sheet

31 March 2025

| 31.3.25 |  | 31.3.24

| Unrestricted |  | Restricted |  | Total |  | Total

| funds |  | funds |  | funds |  | funds

| Notes | £ | £ | £ | £ |

FIXED ASSETS |

Tangible assets | 7 | 54,600 |  | - |  | 54,600 |  | 45,740 |

Investments | 8 | - |  | 165,962 |  | 165,962 |  | 162,550 |

54,600 |  | 165,962 |  | 220,562 |  | 208,290 |

CURRENT ASSETS |

Stocks | 9 | 894 |  | - |  | 894 |  | 2,067 |

Debtors | 10 | 40,493 |  | - |  | 40,493 |  | 33,949 |

Cash at bank | 100,151 |  | 29,783 |  | 129,934 |  | 93,850 |

141,538 |  | 29,783 |  | 171,321 |  | 129,866 |

CREDITORS |

Amounts falling due within one year | 11 | (8,169 | ) | - |  | (8,169 | ) | (7,059 | )

NET CURRENT ASSETS | 133,369 |  | 29,783 |  | 163,152 |  | 122,807 |

TOTAL ASSETS LESS CURRENT LIABILITIES | 187,969 |  | 195,745 |  | 383,714 |  | 331,097 |

NET ASSETS | 187,969 |  | 195,745 |  | 383,714 |  | 331,097 |

FUNDS | 12

Unrestricted funds | 187,969 |  | 168,425 |

Restricted funds | 195,745 |  | 162,672 |

TOTAL FUNDS | 383,714 |  | 331,097 |

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 2025

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 16 July 2025 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 2025

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.

| Freehold property | - | 2% on cost

| Plant and machinery | - | 20% on cost, 15% on reducing balance and 10% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| 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 2025

2. | OTHER TRADING ACTIVITIES

| 31.3.25 |  | 31.3.24

£ | £ |

| Sponsorships | 2,830 |  | 2,800 |  |

| Sales of merchandise and Deveron gin | 50,250 |  | 9,078 |  |

53,080 |  | 11,878 |  |

3. | INVESTMENT INCOME

| 31.3.25 |  | 31.3.24

£ | £ |

| Revaluation of investments | 2,959 |  | 4,428 |  |

4. | NET INCOME/(EXPENDITURE)

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Depreciation - owned assets | 11,179 |  | 5,279 |  |

| Surplus on disposal of fixed assets | - |  | (2,847 | ) |

5. | TRUSTEES' REMUNERATION AND BENEFITS

| There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

| Trustees' expenses

| There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

| Unrestricted |  | Restricted |  | Total

| funds |  | funds |  | funds

£ | £ | £ |

| INCOME AND ENDOWMENTS FROM

| Donations and legacies | 126,708 |  | 69,919 |  | 196,627 |

| Charitable activities

| Monitoring, contract and services | 57,301 |  | 7,544 |  | 64,845 |

| Other trading activities | 11,878 |  | - |  | 11,878 |

| Investment income | - |  | 4,428 |  | 4,428 |

| Total | 195,887 |  | 81,891 |  | 277,778 |

| EXPENDITURE ON

| Raising funds | 9,067 |  | - |  | 9,067 |

| Charitable activities

| Monitoring, contract and services | 185,929 |  | 84,731 |  | 270,660 |

The Deveron, Bogie and Isla Rivers

Charitable Trust

Notes to the Financial Statements - continued

For The Year Ended 31 March 2025

6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

| Unrestricted |  | Restricted |  | Total

| funds |  | funds |  | funds

£ | £ | £ |

| Other | (2,847 | ) | - |  | (2,847 | )

| Total | 192,149 |  | 84,731 |  | 276,880 |

| Net gains on investments | - |  | 3,356 |  | 3,356 |

| NET INCOME | 3,738 |  | 516 |  | 4,254 |

| Transfers between funds | 311 |  | (311 | ) | - |

| Net movement in funds | 4,049 |  | 205 |  | 4,254 |

| RECONCILIATION OF FUNDS

| Total funds brought forward | 164,376 |  | 162,467 |  | 326,843 |

| TOTAL FUNDS CARRIED FORWARD | 168,425 |  | 162,672 |  | 331,097 |

7. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Motor |

| property |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 65,669 |  | 60,789 |  | 34,319 |  | 160,777 |  |

| Additions | - |  | - |  | 20,037 |  | 20,037 |  |

| At 31 March 2025 | 65,669 |  | 60,789 |  | 54,356 |  | 180,814 |  |

| DEPRECIATION

| At 1 April 2024 | 62,541 |  | 51,767 |  | 727 |  | 115,035 |  |

| Charge for year | 1,313 |  | 1,043 |  | 8,823 |  | 11,179 |  |

| At 31 March 2025 | 63,854 |  | 52,810 |  | 9,550 |  | 126,214 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,815 |  | 7,979 |  | 44,806 |  | 54,600 |  |

| At 31 March 2024 | 3,128 |  | 9,022 |  | 33,592 |  | 45,742 |  |

The Deveron, Bogie and Isla Rivers

Charitable Trust

Notes to the Financial Statements - continued

For The Year Ended 31 March 2025

8. | FIXED ASSET INVESTMENTS

| Unlisted

| investments

£ |

| MARKET VALUE

| At 1 April 2024 | 162,550 |  |

| Revaluations | 3,412 |  |

| At 31 March 2025 | 165,962 |  |

| NET BOOK VALUE

| At 31 March 2025 | 165,962 |  |

| At 31 March 2024 | 162,550 |  |

| There were no investment assets outside the UK.

| Cost or valuation at 31 March 2025 is represented by:

| Unlisted

| investments

£ |

| Valuation in 2023 | 154,766 |  |

| Valuation in 2024 | 7,784 |  |

| Valuation in 2025 | 3,412 |  |

165,962 |  |

9. | STOCKS

| 31.3.25 |  | 31.3.24

£ | £ |

| Stocks | 894 |  | 2,067 |  |

10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 8,498 |  | 8,503 |  |

| Other debtors | 24,372 |  | 18,530 |  |

| VAT | 3,069 |  | 2,766 |  |

| Prepayments | 4,554 |  | 4,150 |  |

40,493 |  | 33,949 |  |

The Deveron, Bogie and Isla Rivers

Charitable Trust

Notes to the Financial Statements - continued

For The Year Ended 31 March 2025

11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 7,079 |  | 6,059 |  |

| Accrued expenses | 1,090 |  | 1,000 |  |

8,169 |  | 7,059 |  |

12. | MOVEMENT IN FUNDS

| Net |  | Transfers |  |

| movement |  | between |  | At |

| At 1.4.24 |  | in funds |  | funds |  | 31.3.25 |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 146,653 |  | 33,834 |  | (16,447 | ) | 164,040 |  |

| Designated fund | 21,772 |  | - |  | 2,157 |  | 23,929 |  |

168,425 |  | 33,834 |  | (14,290 | ) | 187,969 |  |

| Restricted funds

| Improvement Fund | 162,550 |  | 3,412 |  | - |  | 165,962 |  |

| The Scottish Species Initiative Project | - |  | 532 |  | 13,230 |  | 13,762 |  |

| Open Rivers Programme | 122 |  | (1,161 | ) | 1,060 |  | 21 |  |

| Calidonia OWF | - |  | 16,000 |  | - |  | 16,000 |  |

162,672 |  | 18,783 |  | 14,290 |  | 195,745 |  |

| TOTAL FUNDS | 331,097 |  | 52,617 |  | - |  | 383,714 |  |

| 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 | 226,174 |  | (192,340 | ) | - |  | 33,834 |  |

| Restricted funds

| Improvement Fund | 2,959 |  | - |  | 453 |  | 3,412 |  |

| The Scottish Species Initiative Project | 79,056 |  | (78,524 | ) | - |  | 532 |  |

| Open Rivers Programme | - |  | (1,161 | ) | - |  | (1,161 | ) |

| Calidonia OWF | 16,000 |  | - |  | - |  | 16,000 |  |

98,015 |  | (79,685 | ) | 453 |  | 18,783 |  |

| TOTAL FUNDS | 324,189 |  | (272,025 | ) | 453 |  | 52,617 |  |

The Deveron, Bogie and Isla Rivers

Charitable Trust

Notes to the Financial Statements - continued

For The Year Ended 31 March 2025

12. | MOVEMENT IN FUNDS - continued

| Comparatives for 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 |  |

| 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 | 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 |  |

The Deveron, Bogie and Isla Rivers

Charitable Trust

Notes to the Financial Statements - continued

For The Year Ended 31 March 2025

12. | MOVEMENT IN FUNDS - continued

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

| Net |  | Transfers |  |

| movement |  | between |  | At |

| At 1.4.23 |  | in funds |  | funds |  | 31.3.25 |

£ | £ | £ | £ |

| Unrestricted funds

| General fund | 164,239 |  | 37,572 |  | (37,771 | ) | 164,040 |  |

| Designated fund | 137 |  | - |  | 23,792 |  | 23,929 |  |

164,376 |  | 37,572 |  | (13,979 | ) | 187,969 |  |

| Restricted funds

| Improvement Fund | 154,766 |  | 11,196 |  | - |  | 165,962 |  |

| The Scottish Species Initiative Project | - |  | 843 |  | 12,919 |  | 13,762 |  |

| Open Rivers Programme | 7,701 |  | (8,740 | ) | 1,060 |  | 21 |  |

| Calidonia OWF | - |  | 16,000 |  | - |  | 16,000 |  |

162,467 |  | 19,299 |  | 13,979 |  | 195,745 |  |

| TOTAL FUNDS | 326,843 |  | 56,871 |  | - |  | 383,714 |  |

| 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 | 422,061 |  | (384,489 | ) | - |  | 37,572 |  |

| Restricted funds

| Improvement Fund | 7,387 |  | - |  | 3,809 |  | 11,196 |  |

| The Scottish Species Initiative Project | 148,975 |  | (148,132 | ) | - |  | 843 |  |

| Open Rivers Programme | 7,544 |  | (16,284 | ) | - |  | (8,740 | ) |

| Calidonia OWF | 16,000 |  | - |  | - |  | 16,000 |  |

179,906 |  | (164,416 | ) | 3,809 |  | 19,299 |  |

| TOTAL FUNDS | 601,967 |  | (548,905 | ) | 3,809 |  | 56,871 |  |

The Deveron, Bogie and Isla Rivers

Charitable Trust

Notes to the Financial Statements - continued

For The Year Ended 31 March 2025

13. | RELATED PARTY DISCLOSURES

| There were no related party transactions for the year ended 31 March 2025.

14. | DESIGNATED FUNDS

| The income funds of the charity include the following designated funds which have been set aside out of

| unrestricted funds by the trustees for specific purposes:

|  | 2025 |  | 2024 |  |

| £ |  | £ |  |

| Staff redundancies |  | 23,929 |  | 21,772 |  |