Outer Hebrides Fisheries Trust - Charities report - 22.2

REGISTERED COMPANY NUMBER: SC307684 (Scotland)

REGISTERED CHARITY NUMBER: SC040530

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

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

13

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 2022. 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 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 District Salmon Fisheries Board (WIDSFB).

Significant activities

The trust continued to undertake major fish tagging projects as part of the west coast tracking project and ZSL Loch Roag Sea Trout study. The Loch Roag Sea Trout Study Started in March with input (time and equipment) from OHFT and other stakeholders.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Representation

The Trust is represented on:

SEPA consultations.

Marine Scotland Science - National Electrofishing programme and Scottish fish counter network.

Nature.Scot - Loch Roag EAP;

Aquaculture operator EMPs;

Fisheries Management Scotland - Wild Fish Monitoring.

and WIDSFB in assisting with statutory reponses to Comhairle nan Eilean Siar.

Summary of Key Activities during the Reporting Period

West coast tracking project - OHFT started tagging smolts on the Laxay and Grimersta Rivers in May. OHFT have an ongoing commitment to the project throughout its 3-year lifespan.

ZSL Locg Roag Sea trout study - OHFT assisted with equipment deployment beginning in March and then with capturing and tagging fish. Later in the year OHFT liaised with loch Roag fisheries and deployed freshwater receivers in some of the catchments.

Considerable effort was made with local aquaculture operators to begin the monitoring attached to Environmental Management Plans (EMP's). This included working with different companies throughout Lewis and Harris and will continue next year.

OHFT conducted survey work on a consultancy basis for companies interested in bringing renewable projects to the island. This work is also likely to continue into next year with more detailed surveys including electrofishing required as the project is developed.

FINANCIAL REVIEW

Principal funding sources

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

Donations from Western Isles Salmon Fisheries Proprietors;

Government funding for Managing Interactions with Aquaculture;

Funded project work;

Charitable donations.

Reserves policy

The financial results for the year ended 30 June 2022 record a surplus of £34,670 (2021 - £7,545 deficit) with total funds of £76,449 (2021 - £41,779).

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') 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

R Davies

A M Maciver

J Steele

I Trayner

R Fraser (appointed 18.5.22)

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 31 March 2023 and signed on its behalf by:

I M Maciver - Trustee

I report on the accounts for the year ended 30 June 2022 set out on pages five to thirteen.

Respective responsibilities of trustees and examiner

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 (as amended). 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

31 March 2023

30.6.22

30.6.21

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

73,781

-

73,781

32,949

Charitable activities

5

Fisheries Management

51,475

-

51,475

45,652

Other trading activities

3

3,410

-

3,410

650

Investment income

4

2

-

2

2

Total

128,668

-

128,668

79,253

EXPENDITURE ON

Raising funds

751

-

751

190

Charitable activities

Fisheries Management

93,247

-

93,247

86,608

Total

93,998

-

93,998

86,798

NET INCOME/(EXPENDITURE)

34,670

-

34,670

(7,545

)

RECONCILIATION OF FUNDS

Total funds brought forward

26,049

15,730

41,779

49,324

TOTAL FUNDS CARRIED FORWARD

60,719

15,730

76,449

41,779

30.6.22

30.6.21

Unrestricted

Restricted

Total

Total

fund

fund

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

5,232

-

5,232

6,871

CURRENT ASSETS

Debtors

11

2,744

296

3,040

5,371

Cash at bank and in hand

55,371

15,434

70,805

33,564

58,115

15,730

73,845

38,935

CREDITORS

Amounts falling due within one year

12

(2,628

)

-

(2,628

)

(4,027

)

NET CURRENT ASSETS

55,487

15,730

71,217

34,908

TOTAL ASSETS LESS CURRENT LIABILITIES

60,719

15,730

76,449

41,779

NET ASSETS

60,719

15,730

76,449

41,779

FUNDS

13

Unrestricted funds

60,719

26,049

Restricted funds

15,730

15,730

TOTAL FUNDS

76,449

41,779

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 31 March 2023 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 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.

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.

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

30.6.22

30.6.21

£

£

Donations

73,781

32,949

3.	OTHER TRADING ACTIVITIES

30.6.22

30.6.21

£

£

Fundraising events

567

295

Fish Hebrides

2,343

(738

)

Other income

500

1,093

3,410

650

4.	INVESTMENT INCOME

30.6.22

30.6.21

£

£

Deposit account interest

2

2

5.	INCOME FROM CHARITABLE ACTIVITIES

30.6.22

30.6.21

Activity

£

£

Surveys

Fisheries Management

47,351

30,827

Job Retention Scheme

Fisheries Management

-

10,449

Employment allowance

Fisheries Management

4,124

4,376

51,475

45,652

6.	NET INCOME/(EXPENDITURE)

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

30.6.22

30.6.21

£

£

Depreciation - owned assets

574

748

Depreciation - assets on hire purchase contracts and finance leases

1,065

1,421

7.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.

8.	STAFF COSTS

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

30.6.22

30.6.21

Fisheries management

3

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

32,949

-

32,949

Charitable activities

Fisheries Management

45,652

-

45,652

Other trading activities

650

-

650

Investment income

2

-

2

Total

79,253

-

79,253

EXPENDITURE ON

Raising funds

190

-

190

Charitable activities

Fisheries Management

86,608

-

86,608

Total

86,798

-

86,798

NET INCOME/(EXPENDITURE)

(7,545

)

-

(7,545

)

RECONCILIATION OF FUNDS

Total funds brought forward

33,594

15,730

49,324

TOTAL FUNDS CARRIED FORWARD

26,049

15,730

41,779

10.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2021 and 30 June 2022

8,943

14,694

3,309

26,946

DEPRECIATION

At 1 July 2021

6,730

10,433

2,912

20,075

Charge for year

443

1,065

131

1,639

At 30 June 2022

7,173

11,498

3,043

21,714

NET BOOK VALUE

At 30 June 2022

1,770

3,196

266

5,232

At 30 June 2021

2,213

4,261

397

6,871

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

Motor

vehicles

£

COST

At 1 July 2021 and 30 June 2022

14,694

DEPRECIATION

At 1 July 2021

10,433

Charge for year

1,065

At 30 June 2022

11,498

NET BOOK VALUE

At 30 June 2022

3,196

At 30 June 2021

4,261

11.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade debtors

1,357

5,240

Prepayments and accrued income

1,683

131

3,040

5,371

12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade creditors

584

1,748

Social security and other taxes

1,009

913

Other creditors

452

635

Accrued expenses

583

731

2,628

4,027

13.	MOVEMENT IN FUNDS

Net

movement

At

At 1.7.21

in funds

30.6.22

£

£

£

Unrestricted funds

General fund

26,049

34,670

60,719

Restricted funds

Restricted

15,730

-

15,730

TOTAL FUNDS

41,779

34,670

76,449

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

128,668

(93,998

)

34,670

TOTAL FUNDS

128,668

(93,998

)

34,670

Comparatives for movement in funds

Net

movement

At

At 1.7.20

in funds

30.6.21

£

£

£

Unrestricted funds

General fund

33,594

(7,545

)

26,049

Restricted funds

Restricted

15,730

-

15,730

TOTAL FUNDS

49,324

(7,545

)

41,779

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

79,253

(86,798

)

(7,545

)

TOTAL FUNDS

79,253

(86,798

)

(7,545

)

14.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2022.