Outer Hebrides Fisheries Trust - Charities report - 19.3.2

REGISTERED COMPANY NUMBER: SC307684 (Scotland)

REGISTERED CHARITY NUMBER: SC040530

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

OUTER HEBRIDES FISHERIES TRUST

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

14

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 30 June 2019. 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

2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Trust is a charitable, community-based organisation conducting scientific research into wild fish stocks and their habitat;

advising on freshwater fisheries management and acting as a focal point of angling tourism.

The Trust also works closely with its umbrella organisation, Fisheries Management Scotland (FMS); with Marine Scotland and

the Western Isles Salmon Fisheries Board (WISFB).

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Representation

The Trust is a member of the Project Advisory Group for the Scottish Natural Heritage ('SNH') Hebridean Mink Project and is

represented on the Sustainability and Environment Forum.

The Trust is represented on the Lewis and Harris Biodiversity Action Group, the Coastal Zone Management Group, the Lewis

and Harris Deer Management Group, the Woodland Planning Group, the Loch nam Madaidh Marine Site Special Area of

Conservation, the Langavat Special Area of Conservation Steering Group and the West Highland Area Advisory Group for

River Basin Management Planning.

Summary of Key Activities during the Reporting Period

Provide fisheries management advice to stakeholders;

Site Condition Monitoring;

Advising WIDSFB on aquaculture planning applications and onshore and offshore renewable energy schemes;

Langavat Special Area of Conservation (SAC) Management Plan;

Franchise manager for Fish Hebrides website;

Developing community access to fisheries;

Salmon in the Classroom;

Updating Biosecurity Plan.

FINANCIAL REVIEW

Principal funding sources

The Trust is funded from a variety of sources. These include:

Donations from Western Isles Salmon Fisheries Properietors;

Government funding for Managing Interactions with Aquaculture Project;

Funded project work;

Charitable donations.

Reserves policy

The financial results for the year ended 30 June 2019 record a surplus of £3,537 (2018 - £15,498 deficit) with total funds of

£28,047 (2018 - £24,960).

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 trust is a charitable company limited by guarantee, incorporated on 30 August 2006. 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 Trust is comprised of up to twelve Trustees/Directors.

Four Trustees are appointed from Nominating Bodies. These are the Western Isles District Salmon Fisheries Board ('WISFB');

Comhairle nan Eilean Siar ('CNES'); Scottish Natural Heritage ('SNH') and Aquaculture.

The remaining eight Trustees represent statutory and regulatory bodies, fishery owners and managers, angling clubs and

community groups.

Those invited to become Trustees are selected for their interests and skills in achieving the objectives of the Trust.

Organisational structure

The Trust has two full-time staff (Biologist and Angling Promotion Officer) and one part time staff (Administrative Officer).

There is a Sub-Management Committee made up of three Trustees who are responsible for overall management of the Trust

and its staff. The Sub-Management Committee is answerable to the Chairman and the Board of Trustees.

Induction and training of new trustees

New Trustees undergo a formal induction process to ensure they:

Comply with relevant Charities regulation and act in the interests of the charitable objectives of the Trust;

Declare personal or professional conflicts of interest;

Act solely for the benefit of the Trust;

Are registered with OSCR;

Comply with the Companies Act;

Are aware of the Health and Safety Policy of the Trust.

Trust staff have undertaken training in Health and Safety; electro fishing; first aid; fisheries law; fish disease recognition and

information technology.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

SC307684 (Scotland)

Registered Charity number

SC040530

Registered office

The Sawmill

Marybank

Stornoway

Isle of Lewis

HS2 0DD

Trustees

F Granville

I M Maciver

I Morrison

O G Foote

C Nicolson

E D Green

M Macdonald

R Davies

A M Maciver

Independent Examiner

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

Approved by order of the board of trustees on 27 March 2020 and signed on its behalf by:

I M Maciver - Trustee

I report on the accounts for the year ended 30 June 2019 set out on pages five to fourteen.

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and

Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity's trustees

consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my

responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters

have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An

examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with

those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations

from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be

required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention :

(1)	which gives me reasonable cause to believe that, in any material respect, the requirements

-	to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and

-	to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2)	to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Calum Macdonald

Chartered Accountant (ICAS)

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

27 March 2020

Period

1.4.17

Year Ended

to

30.6.19

30.6.18

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

27,513

-

27,513

52,300

Charitable activities

5

Fisheries Management

59,314

-

59,314

44,335

Other trading activities

3

23,458

-

23,458

15,695

Investment income

4

6

-

6

-

Total

110,291

-

110,291

112,330

EXPENDITURE ON

Raising funds

214

-

214

-

Charitable activities

Fisheries Management

106,540

-

106,540

127,828

Total

106,754

-

106,754

127,828

NET INCOME/(EXPENDITURE)

3,537

-

3,537

(15,498

)

RECONCILIATION OF FUNDS

Total funds brought forward

24,510

450

24,960

40,458

TOTAL FUNDS CARRIED FORWARD

28,047

450

28,497

24,960

30.6.19

30.6.18

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

11,918

-

11,918

15,212

CURRENT ASSETS

Debtors

11

2,635

-

2,635

18,327

Cash at bank and in hand

25,323

676

25,999

5,677

27,958

676

28,634

24,004

CREDITORS

Amounts falling due within one year

12

(9,830

)

(226

)

(10,056

)

(8,410

)

NET CURRENT ASSETS

18,128

450

18,578

15,594

TOTAL ASSETS LESS CURRENT LIABILITIES

30,046

450

30,496

30,806

CREDITORS

Amounts falling due after more than one year

13

(1,999

)

-

(1,999

)

(5,846

)

NET ASSETS

28,047

450

28,497

24,960

FUNDS

15

Unrestricted funds

28,047

24,510

Restricted funds

450

450

TOTAL FUNDS

28,497

24,960

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 on 27 March 2020 and were signed on its behalf by:

I M Maciver - Trustee

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 2015)', 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.

The financial statements are prepared in sterling which is the functional currency of the charity and are rounded to

the nearest £.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial

statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

•

the requirements of Section 7 Statement of Cash Flows.

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 or,

if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are

depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period.

The capital element of the future payments is treated as a liability.

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.

2.	DONATIONS AND LEGACIES

Period

1.4.17

Year Ended

to

30.6.19

30.6.18

£

£

Donations

27,513

52,300

3.	OTHER TRADING ACTIVITIES

Period

1.4.17

Year Ended

to

30.6.19

30.6.18

£

£

Fundraising events

864

1,289

Fish Hebrides

4,662

9,743

Surveys

16,905

2,825

Other income

627

838

Catch and Release Competition

400

1,000

23,458

15,695

4.	INVESTMENT INCOME

Period

1.4.17

Year Ended

to

30.6.19

30.6.18

£

£

Deposit account interest

6

-

5.	INCOME FROM CHARITABLE ACTIVITIES

Period

1.4.17

Year Ended

to

30.6.19

30.6.18

Activity

£

£

Grants

Fisheries Management

56,292

40,073

Employment allowance

Fisheries Management

3,022

4,262

59,314

44,335

Grants received, included in the above, are as follows:

Period

1.4.17

Year Ended

to

30.6.19

30.6.18

£

£

Western Isles Salmon Fisheries Board

35,000

-

Scottish Natural Heritage

-

278

Scottish Salmon Company

-

2,500

An Treas Roinn Innse Gall (Third Sector Hebrides)

-

2,000

EB Scotland

-

10,000

Fisheries Management Scotland

-

25,295

Scottish Government

19,292

-

Groundworks

2,000

-

56,292

40,073

6.	NET INCOME/(EXPENDITURE)

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

Period

1.4.17

Year Ended

to

30.6.19

30.6.18

£

£

Depreciation - owned assets

1,299

2,191

Depreciation - assets on hire purchase contracts and finance leases

2,526

4,592

Surplus on disposal of fixed assets

-

(6,970

)

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2019 nor for the period ended

30 June 2018.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2019 nor for the period ended 30 June 2018.

8.	STAFF COSTS

The average monthly number of employees during the year was as follows:

Period

1.4.17

Year Ended

to

30.6.19

30.6.18

Fisheries management

-

3

No employees received emoluments in excess of £60,000.

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

fund

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

52,300

-

52,300

Charitable activities

Fisheries Management

44,335

-

44,335

Other trading activities

15,695

-

15,695

Total

112,330

-

112,330

EXPENDITURE ON

Charitable activities

Fisheries Management

127,828

-

127,828

NET INCOME/(EXPENDITURE)

(15,498

)

-

(15,498

)

RECONCILIATION OF FUNDS

Total funds brought forward

40,008

450

40,458

TOTAL FUNDS CARRIED FORWARD

24,510

450

24,960

10.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2018

8,412

14,694

3,309

26,415

Additions

531

-

-

531

At 30 June 2019

8,943

14,694

3,309

26,946

DEPRECIATION

At 1 July 2018

4,621

4,592

1,990

11,203

Charge for year

864

2,526

435

3,825

At 30 June 2019

5,485

7,118

2,425

15,028

NET BOOK VALUE

At 30 June 2019

3,458

7,576

884

11,918

At 30 June 2018

3,791

10,102

1,319

15,212

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 July 2018 and 30 June 2019

14,694

DEPRECIATION

At 1 July 2018

4,592

Charge for year

2,526

At 30 June 2019

7,118

NET BOOK VALUE

At 30 June 2019

7,576

At 30 June 2018

10,102

11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Trade debtors

1,266

3,327

Other debtors

1,369

15,000

2,635

18,327

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Hire purchase (see note 14)

1,999

-

Trade creditors

6,117

4,573

Social security and other taxes

918

2,503

Accrued expenses

1,022

1,334

10,056

8,410

13.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.19

30.6.18

£

£

Hire purchase contracts (see note 14)

1,999

5,846

14.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.6.19

30.6.18

£

£

Net obligations repayable:

Within one year

1,999

-

Between one and five years

1,999

5,846

3,998

5,846

15.	MOVEMENT IN FUNDS

Net

movement

At

At 1.7.18

in funds

30.6.19

£

£

£

Unrestricted funds

General fund

24,510

3,537

28,047

Restricted funds

Restricted

450

-

450

TOTAL FUNDS

24,960

3,537

28,497

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

110,291

(106,754

)

3,537

TOTAL FUNDS

110,291

(106,754

)

3,537