| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Friends of the River Yarrow (FrY) |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Friends of the River Yarrow (FrY) |
| Report of the Trustees and |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| Friends of the River Yarrow (FrY) |
| Contents of the Financial Statements |
| for the year ended 31 March 2025 |
| Page |
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 | to | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 | to | 9 |
| Friends of the River Yarrow (FrY) |
| Reference and Administrative Details |
| for the year ended 31 March 2025 |
| TRUSTEES |
| COMPANY SECRETARY | IJ Strickland FRICS |
| REGISTERED OFFICE |
| REGISTERED COMPANY NUMBER |
| REGISTERED CHARITY NUMBER |
| Friends of the River Yarrow (FrY) (Registered number: 05003025) |
| 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 objects are: |
| 1. | to advance the conservation, protection, rehabilitation, remediation, restoration and improvement of the river, streams, watercourses and water impoundments together with the related bank side and estuary including the flora and fauna of the River Yarrow, Lancashire for the benefit of the public. |
| 2. | to advance the education of the public in the understanding of the River Yarrow, its streams, watercourses and water impoundments together with the related bank side and estuary including the flora and fauna. |
| Friends of River Yarrow (FrY), a voluntary group, was formed in millennium year 2000 to identify and address issues that impact upon the environmental quality of the River Yarrow, its tributaries, and its surroundings, with the overall objective of improving the habitat for a wide range of species. The emphasis is on taking action to remedy identified problems, such as diffuse pollution, bank erosion, obstructions to flow and the creation of fish-passes at weirs, which prevent or make it difficult for migratory fish to reach the more productive spawning grounds upstream. FrY also aim to engage local community interest, particularly amongst school children and contribute to their educational process. |
| Specific objectives are : |
| a) | the protection and improvement of the riverside environment and the improvement in water quality of the Yarrow and its tributaries. |
| b) | the enhancement of the wildlife of the river and associated habitats. |
| c) | the encouragement of healthy fish stock throughout the river system. |
| d) | the removal of barriers to migratory fish, particularly salmon and sea trout. |
| e) | the provision of a more attractive environment for users of the bank side Rights of Way. |
| f) | the identification of educational opportunities aimed at raising awareness of riverside issues. |
| ACHIEVEMENTS AND PERFORMANCE |
| Charitable activities |
| It has been another very quiet year for FRY. |
| Quite rightly most of the emphasis and our attention has been focused on the effectiveness of the flood barrier, the absence of which devastated so many homes in Croston. We want to pay tribute to the good folk of Croston, many of whom are our members, who worked so hard to prevent a recurrence of the recent flooding tragedies. |
| Hopefully the barrier will provide a lasting preventative solution. |
| FINANCIAL REVIEW |
| Principal funding sources |
| The principal contribution has come from the Lancashire Environmental Fund and the Environment Agency, without whom the projects would not have been possible. |
| Reserves policy |
| The reserves policy is to accumulate funds so as to have as many years running costs as possible in reserve to provide long term security to the projects in hand. |
| Friends of the River Yarrow (FrY) (Registered number: 05003025) |
| Report of the Trustees |
| for the year ended 31 March 2025 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charity is a charitable company limited by guarantee and not having a share capital and, in accordance with Section 30(2) of the Companies Act 1985, is exempt from the requirement to use the word 'limited' as part of its name. It is governed by a memorandum and articles of association. |
| The charity was entered in the Central Register of Charities with effect from 5 May 2005 and accepted by the Inland Revenue as a Charity for tax purposes. |
| Recruitment and appointment of new trustees |
| The trustees meet monthly and applications for trustees are periodically sought and are selected based on the candidates' personal skills, knowledge of the local area and the needs of the Community. |
| Related parties |
| In the opinion of the trustees there are no related parties. |
| Approved by order of the board of trustees on |
| Friends of the River Yarrow (FrY) |
| Statement of Financial Activities |
| for the year ended 31 March 2025 |
| 2025 | 2024 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Investment income | 3 |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 2,028 |
| Friends of the River Yarrow (FrY) (Registered number: 05003025) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Unrestricted | Restricted | Total | Total |
| fund | fund | funds | funds |
| Notes | £ | £ | £ | £ |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 9 |
| Unrestricted funds | 2,028 |
| TOTAL FUNDS | 2,028 |
| 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. |
| 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 |
| Friends of the River Yarrow (FrY) |
| Notes to the Financial Statements |
| for the year ended 31 March 2025 |
| 1. | GENERAL INFORMATION |
| The charity is a registered charity in England and Wales and is unincorporated. The address of the principal office is C/o 51 Grape Lane, Croston, Leyland, PR26 9HB. |
| There are no material uncertanties about the charity's ability to continue. |
| The presentational currency of the financial statements is the Pound Sterling (£). |
| The amounts in the financial statements have been rounded to the nearest £1. |
| 2. | 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. |
| 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. |
| 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. |
| Financial instruments |
| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest. |
| Friends of the River Yarrow (FrY) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 3. | INVESTMENT INCOME |
| 2025 | 2024 |
| £ | £ |
| Bank interest | 29 | 31 |
| 4. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2025 | 2024 |
| £ | £ |
| Accountancy | 120 | 120 |
| 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. | STAFF COSTS |
| There were no staff costs for the year ended 31 March 2025 nor for the year ended 31 March 2024. |
| 7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| fund | fund | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Investment income |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 2,287 | - |
| TOTAL FUNDS CARRIED FORWARD | 2,028 | - | 2,028 |
| Friends of the River Yarrow (FrY) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Accruals and deferred income |
| 9. | MOVEMENT IN FUNDS |
| Net |
| movement |
| At 1/4/24 | in funds | At 31/3/25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 2,028 | (243 | ) | 1,785 |
| TOTAL FUNDS | (243 | ) | 1,785 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 30 | (273 | ) | (243 | ) |
| TOTAL FUNDS | ( |
) | (243 | ) |
| Comparatives for movement in funds |
| Net |
| movement |
| At 1/4/23 | in funds | At 31/3/24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 2,287 | (259 | ) | 2,028 |
| TOTAL FUNDS | 2,287 | (259 | ) | 2,028 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 31 | (290 | ) | (259 | ) |
| TOTAL FUNDS | 31 | (290 | ) | (259 | ) |
| The purpose of the restricted funds is for the implementation of the River Yarrow Action Plan. |
| Friends of the River Yarrow (FrY) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 10. | RELATED PARTY DISCLOSURES |