Company Number: N1050070 Charity Number: 100161 Fermanagh Rural Community Network IA company limited by guarantee. not having a share capitall Annual Report and Unaudited Financial Statements for the year ended 31 March 2023
Fermanagh Rural Community Network IA company limited by guarantee, not having a share capital) CONTENTS Page Reference and Administrative Information Directors, Annual Report Statement of Directors, Responsibilities Independent Examiner's Report Statement of Financia l Activities Summary Income and Expenditure AccoLtnt Balance Sheet 10 Notes to the Financial Statements 11-16 Supplementary Information relating to the Financial Statements 17-18
Fermanagh Rural Community Network IA company limited by guarantee, not having a shore capital) REFERENCE AND ADMINISTRATIVE INFORMATION Directors Louise McLaughlin-Borlace Margaret Bu rleigh Brian Richardson Brian Mcmanus Oliver Mccaffrey Tony Harte Patrick Drumm John McDonnell Liam Jones Iris Mahon Rosemary Forde Kathleen Breen Pauline Carson Company Secretary Brian Richardson Charity Number in Northern Ireland 100161 Registered Office and Principle Address 3 Queen Street Enniskillen Co. Fermanagh BT74 7JR Independent Examiner Anthony Rasdale MacNeary Rasdale & Co Ltd "Wellington House" 30 Darling Street Enniskillen Co. Fermanagh BT74 7EW Bankers Bank of Ireland Townhall street Enniskillen Co. Fermanagh BT74 7BD Page I
Fermanagh Rural Community Network IA company limited by guarantee, not having a shore ¢apitall DIRECTORS, ANNUAL REPORT For the year ended 31 March 2023 The Directors present their Directors, Annual Report, combining the Directors, Report and Trustees, Report, and the unaudited financial statement5 for the year ended 31 March 2023. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Directors, Report contains the information required to be provided in the Directors, Annual Report under the Statement of Recommended Practice ISORPI guidelines. The directors of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the directors of Fermanagh Rural Community Network present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 March 2023. The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the statement of Recommended Practice applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20151, the organisation has implemented its recommendations where relevant in these financial statement5. Missions, Objectives and Strategy Mission Statement Fermanagh Rural Community Network provides practical support, guidance, information, signposting and networking opportunities for member groups, through our locally based staff, resource centre and network services and programmes. This benefits rural community grotjps in developing sustainable rural communities, directly tackling issues that are causing disadvantage and povertv. Objectives The objectives of the Company shall be to relieve poverty and advance education for the benefit of the inhabitants of Fermanagh and its hinterland without distinction of sex, race or political, religious of other opinion and in particular to promote any charitable activity which give support to the local rural communities suffering disadvantage and poverty and which seeks to improve the conditions of life for the inhabitants of the area of benefit. Structure, Governance and Management Structure Fermanagh Rural Community Network is a company limited by guarantee not having a share capital. The company is governed by it's Memorandum and Articles of Association. The directors, who are also the trustees of the charity at the date of this report and those who served during the financial year together with the dates of any changes are set out on page 3. Fermanagh Rural Community Network has a Resource Centre and Staffed Office maintained with a Network Coordinator, Community Development Worker, Adrninistrator and Community Develppment Officer. Page 2
Fermanagh Rural Community Network IA company limited by guarantee, not having a Share capitall DIREcfoRS' ANNUAL REPORT For the year ended 31 March 2023 Review of Activities, Achievements and Performance Fermanagh Rural Community Network in its role as the Local Rural Support Network for County Fermanagh delivered the following key community development support activities to positively benefit and sustain County Fermanagh's rural communities over the year. 71 Full Member Groups and 75 Associate Member Groups. 11 Network Management Committee Meetings. Developing Group Capacity and Projects - 800+ Member Group support requests including develo.pment assistance, funding information & project grant application assistance responded to during the year. - 4 Member Group Support & Advice Work5hops1 Information/ Consultation event5. Facebook, Twitter, and Website updated regularly, and inform(Ition updates circulated. Network representation on twenty strategic/theme-based partnerships FRCN continued strategic partnership with Lakeland Community Care Limited to deliver and expand the range of healthy livinE, social engagement, and community relations projects, delivered within and Irom Belcoo Healthy Living Centre. FRCN have received funding from the Northern Ireland Housing Executive under their Sustaining Tenancies Funding Programme to deliver the Erne West Sustaining Tenancies Project that is supportin8 NIHE tenants living in the Erne West Area with a range of actions that have the overall aim of increasing their leve15 of social interaction and wellbeing. FRCN working in collaboration with Lakeland Community Care Limited have a contract to deliver the 'The SPRING Rural Enhonced Sociol Prescribing Project (SREP), focusing on the communities in Erne West District Electoral Area of County Fermanagh. This project is a collaborative partnership project led by Derg Valley Care Healthy Living Centre on behalf of the Healthy Living Centre Alliance (H LCAI to deliver social prescriptions in local communites across Northern Ireland. The rural enhanced project is funded by the Department of Agriculture, Enviroment and Rural Affairs IDAERAI. FRCN have been awarded a Start 14ere Progromme Grant from The Rank Foundotion which is being used for ernployment of a new Community Developrnent Officer for three years. The Dvpurment of communitl¥s (DfC} provide the tunding for tho Start Here Programme Grant awards under their Covid Employment and 5kille5 Initutive. FRCN managed the Screggagh Windform Community Benefit Fund in which twenty-eight eligible community & voluntary organi56tion5 received donations totalling E48,197.00. FRCN are a Registered Helper Group with the Chority Commissionforlvorthern Ireland and advise and support those group5 undergoing charity registration charities with their annual reporting. FRCN have promoted the Community Plunning proce55for the Fermanogh ond Omagh district, are members of the Community Volunt(Jry Sector Forum and Community Planning Strutegic Portnership Board. FRCN are a member group of FerfTJanogh & Omagh Interagency Forum for Qlder People facilitated by South West Age Partnership and comprises of a community, voluntary and statuiory organisations. FRCN are a partner organisation on Lough Erne Landscape Portnership, which has the aim of reconnecting local people with their Lough Erne Landscape and its built, natural & cultural history and heritage. FRCN supported the 2014-2020 Rural Development Programme through working with Fermon(Jgh ond Omagh Local Action Group, promoting funding opportunities available to local groups and businesse5. Page 3
Fermanagh Rural Community Network IA company limited by guarantee, not having a share capital) DIREcfoRS' ANNUAL REPORT For the year ended 31 March 2023 Review of Activities, Achievements and Performance FRCN are supporting and have representation on Fermanogh and Omogh PEACEPLUS Partnership which has been established to oversee the effective development and implmentation of a Local Community Peace Action Plan. The Partnership formed in June 2022 is representative of communities acros5 the district and includes Councilors, Social Partners and Statutory Representatives. FRCN are members of Fermanagh and Omagh District Council's Agricultural Liason Group that undertakes liaison with and makes representation to the relevant bodies and agencies on behalf of the rural communities of the district. FRCN are members of and have been Board representation on Rural Community Networks Nl the regional voluntary organisation that afticu lates the voice of rural communities on issues relating to poverty, disadvantage, and eqtjalitv. FRCN organise the Annual Community Achievement Awards and Networking Event recognising achievements of local Groups and Individuals. This event with the FRCN Annual General Meeting promotes and celebrates the extensive levels of voluntary community activity taking place throughout County Fermanagh. Fermanagh Rural Community Network Trustees have considered Charity Commission for Northern Ireland's general guidance Dn public benefit when reviewing its objectives and in planning its future activities to ensure that these achieve the networks purposes and provide a benefit to beneficiaries. Financial Review Fermanagh Rural Community Network is non-profit making with income in excess of expenditure of £4,513 The trustees and staff continue to manage resources in an efficient and sustainable manner. Financial Results At the end of the year the company has assets of £ 145,709 12022 £134,464) and liabilities of £ 61,431 12022 - £54,700). The net assets of the company have increased by £ 4,514 Future Plans Fermanagh Rural Community Network are focused on continuing its role as the Local Rural Support Network for County Fermanagh and have secured funding to operate and maintain service provision to its beneficiaries. Page 4
Fermanagh Rural Community Network IA company Ilmited by guarantee. not having a share capital) DIRECTORS, ANNUAL REPORT For the year ended 31 March 2023 Directors Louise McLaughlin-Borlace Margaret Burleigh Brian Richardson Brian McManu5 Patrick Drumm John McDonnell Liam Jones Iris Mahon Rosemary Forde Kathleen Breen Pauline Car50n Oliver Mccaffrey Tony Harte Noelle Walker In accordance with the Memorandum and Articles of Association, the directors retire by rotation and, being eligible, offor themselves for re-election. Fermanagh Rural Community Network has a Resource Centre and staffed office maintained with a Network Co- ordinator and Community Development worker and Administrator. The secretary who served durin8 the year was: Brian Richardson Compliance with Sector- Wide Le8islation and Standards The company engage5 pro-actively with legislation, standard5 and code5 which are developed for the sector. Fermanagh Rural Community Network subscribes to and is compliant with the followinB'. rhe Companies Act 2006 The Charities SORP IFRS 1021 Reserves Policy Fermanagh Rural Community Network have a Reserves Policy, which requires that reserves are built or maintained at a level which ensures that the organisation core activities could continue during a period of unforeseen difficulty and that the organisations known liabilities will be paid should the organisation cease to trade. Public Benefits The benefits which flow form the purpose of Fermanagh Rural Community Network are the provision of practical support in the form of guiddnce, information and signp05ting to their full and affiliated members. A benefit is also educational and networkinB opportunities being made available for member grou ps and the community through accessing the knowledge and expertise of the locally based staff, using the facilities provided in the resource centre and network services and programmes. Fermanagh Rural Community Network provides the above benefits to their rural communities by directly tackling i55ues that are causing disadvantage and poverty through- Empowering the voice of rural communities- Championing excellence in community development practice- Developing civic leadership in rural communities through a community development approach; Actively working towards an equitable and peaceful society- Promoting the sustainable development of rural communities. These bonofits can be demonstrated through the Annual Reports of Fermanagh Rural Community Networ1< and through ongoing monitoring and evaluation of work being carried out. The beneficiaries of Fermanagh Rural Community Network are cornmunity groups and the general public living in the area of benefit. There is no harm flowing from the purposes of Fermanagh Rural Community Network. Approved by the Board of Directors on 25th July 2023 and signed on its behalf: Louise McLaughlin-Borlace Director ga Director Page 5 t Burleigh
Fermanagh Rural Community Network IA company limited by guarantee, not having a share PitalI STATEMENT OF DIREcfoRS' RESPONSIBILITIES Forthe year ended 31 March 2023 The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. Cornpany law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl including FRS102 The Financial Reporting Standards applicable in the UK and Republic of Ireland, Section IA (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the directors are required to- select suitable accounting policies and apply them consistently; make judgements and estimates that are reasonable and prudent. state whether the f inancial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards. and prepare the financial statements on the going concern basis unless it 15 inappropriate to presume that the company will continue in operation. The directors confirm that they have complied with the above requirements in preparing the financial statements. In so far as the directors are aware.. there is no relevant information (information needed by the charity's independent examiner in connection with preparing the independent examiners report) of which the charity's independent examiner in unaware and the directors have taken all the steps that they ought to have taken to make themselves aware of any relevant independent examiner information and to establish that the charity's independent examiner is aware of that information. The directors are responsible for keeping adequate accou nting records that are sufficient to show and explain the company'5 transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and othef irregularities. Approved by the Board of Dirertors on 25th July 2023 and slgned on it5 behalf: Louise McLaughlln-Borlace Director Ma Bare Director Burleigh Page 6
Fermanagh Rural Community Network IA company limited by guarantee. not havlng a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF FERMANAGH RURAL COMMUNITY NETWORK We have examined the financial statements of the company for the year ended 31 March 2023, which comprise the Statement of Financial Activities, the Summary Income and Expenditure Accounts, the Balance Sheet and the related notes. This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Cornpanies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our work, or this report. Respective responsibilities of dirertors and examiner The company's trustees (who are the directors of the company for the purposes of company lawl are responsible for the preparation of the financial statements in accordance with the requirernents of the Companies Act 2006 and that an independent examination 15 required. It is our responsibility to'.- examine the financial statements under section 65 of the Charities Act,. follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act, and state whether particular matters have come to our attention. Basis of independent examiner's report We have examined your company financial statements as required under section 65 of the Charities Act and our examination was carried our in accordance with the general Directions given by Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. In connection with our examination, no matter has come to our attention which Elves us cause to believe that in any material aspect: accounting records were not kept in accordance with section 386 of the Companie5 Act 2006 the financial statements do not accord with those accounting records the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFR51021 there is further information needed for a proper understandin6 of the accounts to be reached. Independent examiner's statement We have no concern and have came across no other matters in connection wilh the examination to which attention shou Id be drawn in this report in order to enable a proper understanding of the financial state ent5 to be reached. Anthony Rasda MacNeary Rasdale & Co Ltd "Wellington House" 30 Darling Street Enniskillen Co. Fermanagh Page 7
Fermanagh Rural Community Network IA company limited by guarantee. not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 March 2023 Unrestricted Re5trirted Funds Funds 2023 2023 Total Unrestricted Restricted Funds Funds 2022 2022 Total 2023 2022 Notes Incoming Resources Charitable activities Grants f rom governments and other co-funder Activitie5 for generating funds Other income 156,790 156,790 9,014 120,419 129,433 18,229 1,299 18,229 1,299 1,281 1,281 rotal incomithg resources 1,281 156,790 158,071 28,542 120,419 148,961 Resources Expended Charitable activities 153,558 153,558 23,086 120,419 143,505 Net incomingloutgoing resources before transfers Gr055 transfers ljetween funds 1,281 3,232 4,513 5,456 5,456 Net movement in funds for the year 1,281 3,232 4,513 5,456 5,456 Reconciliation of funds Balance5 brought forward at l April 2022 15 79,764 79,764 74,308 74,308 Balances carried forward at 31 March 2023 81,045 3,232 84.277 79,764 79,764 The Statement of Financia l Activities includes all gains and1osse5 recognised in the year. All income and expenditure relate to continuing activities. Page 8
Fermanagh Rural Community Network IA company limited by guarantee, not having a share capital) SUMMARY INCOME AND EXPENDITURE ACCOUNT For the year ended 31 March 2023 Statement of Financial Activities 2023 2022 Gross income Unrestricted funds Re5trirted funds 62,737 95,334 158,071 148,961 Total Income Total expenditure 158,071 148,961 1153,5581 1143,5051 Net incomellexpendlturel 4,513 5,456 The company has no recogni5ed gains or losses other than the results for the year. The Tegults for the year have been calculated on the historical cost bas1$. Page 9
Fermanagh Rural Community Network IA company limited by guarantee, not having a Share capital) BALANCE SHEET as at 31 Morch 2023 2023 2022 Notes Fixed Assets Tangible asset5 io 11,891 14,864 Current A55ets Debtors Cash at bank and in hand li 7,148 126,670 133,818 72,847 46,753 119.600 Creditors.. Amounts falling due within one year 12 160,2871 153,2761 Net Current Assets 73,531 66,324 Total A55ets less Current Liabilities 85,422 81,188 Grants receivable 13 11,1441 11,4241 Net Assets 84,278 79.764 Funds Restricted trust funds Gener31 fund lunrestrictedl 84,278 79,764 Total funds 15 84,278 79,764 These financial statements have been prepared in accordance with the special provisions relating to small companies within Part IS of the Corllpanies Act 2006. For the financial year ended 31 March 2023 the company was enttled to exemption from the audit under section 477 of the Companies Act 2006,, and no notice has been deposited under section 476. The directors confirm that the members have not required the company to obtain on audit of its financial statements for the year in question in accordance with gection 476 of the Companies Act 2006. The directors acknowledge their re5pon5ibilities for ensuring that the company keeps accounting records which comply with Section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the finè ncial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 ènd 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far a5 applicable to the company. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordance with FRS 102 ' The Financial Reporting Standard applicable in the UK and Republic of Ireland,, applying Section IA of that Standard. Approved by the Board of DSrectors and authorlsed for i55ue on 25th July 2023 and signed on 5ts behalf by: Louise McLaughlin-Borlace Director Ma aret Burlel Director Page 10
Fermanagh Rural Community Network IA company Ilmited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 GENERAL INFORMATION Fermanagh Rural Community Network is a company limited by Euarantee not having 3 share capital incorporated in Northern Ireland. The registered office ol the company is 3 Queen Street, Enniskillen, Co. Fermanagh, BT74 7JR which is also the principle place of bLJsiness of the company. The f inancial statements have been presented in Pound Sterling 1£) which is also the furictional currency of the company. ACCOUNTING POLICIE5 I'he following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basis of Preparation The financial statement5 hdve been prepared under the historical cost convention and in accordance with the Companies Act 2006 and Part 8 of the Chariti@s Act (Northern Irelandl 2008. They also comply with the Statement of Recommended Practise ISORP 2005. a5 updated in 20081 and with the financial reporting standards. The following accounting policie5 have been applied consistently in dealing with item5 which are considered material in relation to the company'5 financial statement5. Statement of compliance The financial statements of the company for the year ended 31 March 2023 have been prepared on the going concern basi5 and In accordance with the Statement of Recommended Practice ISORPI ' Accounting and Reporting by Charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leflective l January 20151, and FR5102 'The Financial Reporting Standard applicable in the UK and Republic,, applying Section IA of that Standard. Cash flow statement The company hè5 availed of the exemption in FR5102 from the requirement to produce a cash flow staternent because it is classified as a small companv. Incoming Resources Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled to it, its financial value ca n be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the company has been notified of a distribution to be made by the executor5. Income received in advance of due performance under a contract is accounted for as deferred income until earned, Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Resources Expended All resources expended are accounted for on an accruals basi5. Charitable activities include cost5 of services and grants, 5UPPQrt cust5 and depreciation on related assets. Cost5 of generating fundy similarly include fundraising activities. Nuri-slaff cost5 not attributed to one category of activity are allocated Df apportioned pro-rata to the 5taffiiig ol the relevant service Finance, HR, IT and administrative staff costs are directly attributable to individual ¢lCtivities by objective. Governance costs are those associated with constitutional and statutory requirements. Tangible fixed asset5 and depreciatiot) Tangible fixed a55ets are stated at cost or at valuation, le55 3ciumulated depreciation. The charge to depreciation 15 calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected u5eful1ives as follows=_ Fixtures, fittings and equipment -20% reducing balance Debtor5 Debtor5 are reco8ni5ed at the settlement amount due after any discount offered. Prepayments aTe valued at the amount prepaid net of any trade discounts due. Income recogni5ed by the company from government agencie5 and other co-funders, but not yet received at year ended, is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at bank5 requiring less than three months notice withdrawal. Page 11
Fermanagh Rural Community Network IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 raxation and deferred taxatlon No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax 15 expensed as Incurred. 3. GOING CONCERN Tho DirectorSrUsteeS envisage that based on future funding opportunities the company will be performing on a much lesser scale. The Directorsnru5tees confirm that it is appropriate to prepare the financial statements on a going concern basis. The financial 5t?tements do not include any adjustments that would result if the going concern basis was not appropriate. 4. INCOME 4.1 CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Screggagh Wind Farm DAERA - Rural Community Development Support Service Fermanagh & Omagh District Council Lakeland Community Care NI ST ART Co-op Ireland Safe Dfc Volunteering NIHE Arc HLC SPRIN 56,497 154 56,497 154 600 38,557 20,000 49.486 200 16,721 53,855 600 38,557 20.000 5,063 157 126 126 23,379 23,375 3,951 6,322 135,755 17,481 61,456 17,481 156,790 95,334 4.2 OTHER TRADSNG ACTIVITIES Unrestricted Restritted Funds Funds 2023 2022 Other Funds Generated 11,907 Unrestricted Restricted Funds Funds 2023 2022 4.3 OTHER INCOME Other income 1,281 1,281 1,299 Page 12
Fermanagh Rural Community Network IA company limited by glbarantee. not having a share capitall NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31 March 2023 EXPENDITURE 5.1 CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Screggagh Wind Farm ARC HLC Fermanagh & Omogh District Council IRS Grant Lakeland Community Care LCC Co op Food Co-op Ireland Safe Dfc Volijnteering Covid Grant NIHE NI START SPRING 57,391 57,391 49,486 3,951 16,721 600 600 38,557 38,557 53,855 1,500 5,063 10407 23,131 20,000 244 23,375 20,000 13,635 153,558 13,635 71,870 2,522 143,505 81,688 5.2 SUPPORT COSTS 2023 2022 Travel and Subsistence Training and networking events General office expenses Accountancy fees Legal and professiona5 fees Group Support 2,777 1,661 3,083 1,140 5,818 57,391 71,870 1,561 5,509 3,516 1,140 7,773 49,486 68,985 6. ANALYSIS OF SUPPORT COSTS 2023 2022 Basis of Apportionment Direct Costs Direct Cost5 Direct Cost5 Direct Costs Direct Costs Direct Costs Travel and Subsistence TraininE and networking events General office expense5 Accountancy fees Legal and professional fees Group Support 2,777 1,661 3,083 1,140 5,818 57,391 71,870 1,561 5,509 3,516 1,140 7,773 49.486 68.985 7. NET INCOMING RESOURCES 2023 2022 Net Incoming Resources are stated after charging/lcreditingl- Depreciation of tangible assets Amortisation of grants receivable 2,973 12801 2,693 3.716 13571 3,359 8. INVESTMENT AND OTHER INCOME 2023 2022 Amortisation of capital grants received - SEUPB Amortisation of capital grants- DARD Amortisation of capita1 grants - Dfc 66 88 126 280 89 iii 157 357 Page 13
Fermanagh Rural Community Network IA company limited by guarantee, not having a share capitall NOTE5 TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 9. EMPLOYEES AND REMUNERATION The average number of persons employed (including executive directors) during the year wa5 a5 follows.. 2023 Number 2023 Number Administration The staff costs comprise: 2023 2022 Wages and salaries Pension costs 73.931 4,784 78,715 65.459 4,741 70,200 10. TANGIBLE FIXED ASSETS Fixtures. fitting5 and equipment Total Cost At l April 2022 Additions 36,132 36,132 At 31 March 2023 36,132 36,132 Depreciation At l April 2022 Charge for the year 21,268 21,268 2,973 24,241 2,973 24,241 At 31 March 2023 Nei book value At 31 March 2023 11,891 11,891 At 31 March 2022 14,864 14,864 11. DEBTORS 2023 2022 Other debtors Prepayments and accrued income 7,148 72.847 7,148 72,847 12. CREDITORS Amount5 falling due within one year 2023 2022 Other creditors Accruals ar)d deferred income 1,140 56,497 59,147 1,140 52,136 53,276 Page 14
Fermanagh Rural Community Network IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31 March 2023 13. GRANTS RECEIVABLE 2023 2022 Capital grants received and receivable At l April 2022 Increase in year 6,911 6,911 As 31 March 2023 6,911 6,911 Amortisation At l April 2022 Amortlsed in year 15,4871 12801 15,1301 13571 At 31 March 2023 15,7671 15,4871 Net book value At 31 March 2023 1,144 1,424 At l April 2022 1,424 1,781 14. RESERVES 2023 2022 At l April 2022 for the year 79,764 4,513 74,308 5,456 At 31 March 2023 84,277 79,764 15. FUNDS 15.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrirted Restrlrted Funds Funds Total Fund5 At l April 2021 Movement during financial year 74,022 5,456 79,621 143 74,308 5,456 79,764 143 At 31 March 2022 Movement during financial year 1,424 3,089 4,513 At 31 March 2023 81,045 3,232 84,277 Pa8e 15
Fermanagh Rural Community Network IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31 March 2023 15.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance l April 202Z Income Expenditurè Transfers between funds Balance 31 March 2023 DAERA Fermanagh & OmaBh District Council Screggagh Windf3rm Miscellaneous income Lakeland Care CO-OP Ireland Safe DFE Syrian Project Dfc Volunteering NIHE SPRING NI START 154 600 56,497 1,281 38,557 154 600 56,497 8,152 9,433 38,557 126 23,375 17,481 20,000 158,071 126 23,375 14,249 20.000 153,558 3,232 8,152 12,665 Unrestricted Irb¢ome Fermanagh Rural Community Network Clear Small Grant H5CB Arc HLC SWAP Training Fcrmanagh Trust OakHLC Covid Grant 26,677 1,044 3,000 9,534 600 3,000 5,100 22,657 71,612 26,677 1.044 3.000 9.534 600 3.OOD 5.100 22,657 71,612 Total fund5 79.764 158.071 153.558 84,277 16. STATUS The company is limited by guarantee not having a shère capital. The liability of the members is limited. Every member of the company undertakes to contribute to the a55ets of the company in the event of its being wound up while they are members, or with one year thereafter, for the payment of debts and liabilities of the companv contracted before they ceased to be members, and the costs, charges and eypenses of winding up, and for the adjustment of the ri8hts of th2 contributors among themselve5, such amount as may be required, not exceeding £1. 17. POST-BALANCE SHEET EVENTS There have been no signif icant events affecting the Charity since the year-end. Page 16
FERMANAGH RURAL COMMUNITY NETWORK IA company limited by guarantee. not havin8 a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Page 17
Fermanagh Rural Community Network IA company limited by guarantee. not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement forthe year ended 31 March 2023 2023 2022 Income Covid Grant LCC Co op Food Screggagh Wind Farm Fermanagh & Omagh Distrlct Council Co-op Ireland Safe Arc HLC NI START Other income Lakeland Community Care Limited NIHE SPRING 10,407 1,500 49,486 16,721 5,063 3,951 56,497 600 20.000 1,281 38.557 23.375 17.481 1,299 53,855 6,322 157.791 148,604 Expenses Wages and Salarie5 Staff defined contribution pension cost5 Training and beneficiarie5 Networking events Insurance Printing, postage and stationary Advertising Telephone Travel expenses Legal and professlonal Accountancy Group Support ank charges Genera5 Expenses Depreciation 73,931 4,784 887 774 1,778 131 132 65,759 4,741 5,024 485 1,640 514 173 2,777 5,818 1.140 57.391 269 773 2,973 153,558 1,561 7,773 1, 140 49,790 238 951 3,716 143,505 Miscellaneous Income Amortisation of capital grants received SEUPB Amortisation of capital grants DARO Amortisation ol capital grant5 - Dfc 66 88 126 280 4,513 89 iii 157 357 5,456 Net Ideficitllsurplus Page 18