Company Number: N1050070 Charity Number: 100161 Fermanagh Rural Community Network IA cc#npany Ilmlted by 8uarantee, not havlng a share capiial) Annual Report and Unaudited Flnanclal Statements for the year ended 31 March 2025
Fermanagh Rural Communlty Network IA company limlted by guarantee. rwt having a share <apltal) CONTENTS Page Reference and Administrative Information Direttors, Annual Report Statement of Director5, Responsibilities Independent Examiner'5 Report Statement of Financial Activities io Summary Income and Expenditure Account li Balance Sheet 12-13 Notes to the Financial Statements 14-20 Supplementary Information relating to the Financial Statements 21
Fermanagh Rural Community Network IA company Ilmhed bywarantee, not havinN a Share opital) REFERENCE AND ADMINISTRATIVE INFORMATION Direclors Louise McLaughlin-Borlace Margaret Burleigh Brian Richard50n Brian Mcmanus Oliver Mccaffrey Tony Harte Patrick Drumm Liam Jones Iris Mahon Rosemary Forde Kathleen Breen Pauline Car50n Company Se¢retsry Brlan Richardson Charfty Number In Northern Ireland 100161 Registered office and Prlnclple Address 3 Queen Street Enniskillen Co. Fermanagh 8T74 7JR Independent Examiner Anthony Rasdale MacNeary Rasdale & Co Ltd Welllngton House" 30 Darlin8 Street Énnisklllen Co. Fermanagh BT74 7EW Bankers Bank of Ireland Townhall Street Enniskillen Co. Fermanagh BT74 7BD Pale I
Fermanagh Rural Community Network IA company limited by gvarantee, r•ot ha¥ing a share ¢apltall DIREcfoRS' ANNUAL REPORT For the year ended 31 Mah Z025 The Dirertors present thelr Dlrectors, Annual Report. comblning the Direttors, Report and Trustees, Report. and the unaudited financial statements for the year ended 31 March 2025. 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 Reportlng 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 Oire¢tors' Annual Report under the Statement of Recommended Practice ISORPI guideline5. The directors of the company are a159 charity trustees for the purpose of charity law and under the company's constitution are known as member5 of the board of trustees. In thls report the director5 Of Ferman3gh Rural Community Network present a Summary of its purpose, governance, attivities. achievement5 and finances for the financial year 31 March 2025. The company is a reglstered charity and hence the port and results are presented In a form which complies with the réquirements of the Companies Act 2006 and, althou8h not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland {FRS 1021 leffectlve l January 20151. the organisation has Implemented its recommendations where relevant in these financial statements. Missions, Objectives and Strategv Mtsslon Statement Fermanagh Rural Community Network provides prartical sUPPOrt, guidance, information. signposting and networking opportunlties for member groups. through our locally based staff, resource centre and network services and programme5. This benefits rural community groups in developlng sustalnable rural communities. directly tackling i55ue5 that are causing disadvantage and poverty. Objertives The objettives of the Company shall be to relieve poverty and advance education for the benefit of the inhabitants of Fermanagh and its hinterland without distinrtion of sex, race or political. religious of other opinion and in particular to promote any charitable actlvlty which give support to the local rural communities suffering disadvantage and poverty and whlch seeks to improve the conditions of life for the inhabitants of the area of benefit. Stru¢ture. Governance and Management Stru¢ture Fermanagh Rural Comrnunity Nètwork is a company limited by guarantee not having a share capital. The company is govemed 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 date5 of any Changes are set out on page 5. Fermanagh Rural Community Network has a Resource Centre and Staffed Office maintained with a Network Coordinator. Community Development Worker. Administrator and Communlty Development Officer. Page 2
Fermanagh Rural Communlty Network IA Company limited by 8uaraThtee, not havlmg a share capitall DIREcfoRS' ANNUAL REPORT For thè year ended 31 Marth 2025 Revlew of Acli¥itie5. Achievements and Performance Femanagh 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 communitie5 over the year. - 76 Full Member Groups and 75 Associate Member Group5. - 10 Network Management Committee Meetings. Developing Group Capacity and Projects- 80TrF Member Group support requests including development and governance assistance. responded to during the year. - 8 Member Group Support & Advice Workshopsl Informationl Consultation events. Facebook. Twitter. and Website updated regularly, and information upd3tes circulated. Network representation on twentv 5trate8icltheme-based partnerships FRCN and Omagh Forum for Rural are working in partnership to deliver the'DAERA Local Rural Community Development Support Service Programme, contract for the Fermanogh and Omagh District Council area, with key areas of work being under the following identified themes: Support for Community Plannlng Support for isolated Rural People Support for the sustainability of Rural Villages Marginallsed mlnority communities in rural border areas This contract. funded by Department of Agriculture. Environment and Rural Affalrs IDAERAI, through the Tackling Rural Poverty and Social Isolation ITRPSII Programme Framework, commenced on 1st November 2023. FRCN and Omagh Forum for Rural A550ciations worked in partnership to dellver the DAERA Rural Micro Capital Grant Scheme 202412025. Over Tranche l and 2 of thls scheme. 386 applicant5 from across the rur31 communitles of Fermanagh & Omagh Distriet recelved grant aid payments of £627,092.70 FRCN continued strategic partnership with Lakeland Community Care Limited to deliver and expand the range of healthy living. social engagement. and community relations pmjects, delivered within and from Belcoo Healthy Living Centre. FRCN have a Start Here Programme Grant from The Rank Foundation which is being used for employment of a Community Development Officer. The Department o* Communities IDfCI provide the funding for the Start Here Programme Grant awards under their Covid Employment and Skills Initiative. - FRCN in portner5hip with Lakeland Community Core Limited,. Erne East Community PartnershiTrOAK Heolthy Living Centre- ARC Healthy Livin8 Centre.. The Courthouse Kesh Limited: Omagh Forum for Rural Associations delivered 'Poverty Support Programme. that wa5 operated under the workin8 title of'WRAP-We5tern Response & Artion on Poverf for Femianagh and Oma8h Distrlct Council. The WRAP Progromme operated overperiod October 2024 to March 2025 during which 204 Households comprislng 656 Individuals from across the entire Fermanagh and Omagh District received an Individual Personalised Tailored Plan of support that assisted thelr household in becoming better off in term5 of food securttyi fuel provision and income level. £64,000 was provided in direct financial support through vouchers for food and essentlal Items. Through the Bry50n Care Emergency Rellef Fund direct financial support of £24,400 was provided to 122 participating households in the form of £200 electrlclty top-up credits. Page 3
Fermanagh Rural Communlty Network IA company Ilm5ted by8uarantèe, not havlng a share capital) DIREcfoRS' ANNUAL REPORT For the year ended 31 Mar¢h 2025 Review of A¢rl¥ltles, Achlevements and Performan¢e FRCN received funding from the Northern Ireland Houslng Executive Housing under thelr Sustaining Tenancies Funding Programme to deliver the 'Erne West Sustaining Tenancie5 Project, that supported 66 NIHE tenant households in the Erne West Area with a lange of actions that have the overall aim of increaslng thelr levels of social interactlon and wellbeing over the two-year tlme period July 2022 to lune 2024. FRCN managed the Screggagh Windfarm Community Benefit Fund in which 27 eligible community & voluntary organisations recelved donations totalllng £57,070.00 FRCN are a Registered Helper Group with the Charity Commisslon for Northern Ireland, advlse and support those groups re8lsterin8 as a charity and a5S15t registered charities with thelr annual reporting and compliance. FRCN have promoted the Community Planning process for the Fermanagh and Omagh District, are members of the Community Voluntary Sertor Forum and Community Planning Strateglc Partnership Board. FRCN are a member group of Fermanagh & Omagh Interagency Forum for Older People facilitated by South West Age Partnership that comprises of a community, voluntary and statutory organisations. FRCN are supporting and have representatlon as social partners on Fermanagh and Omagh PEACEPLUS Partnership which has been established to oversee the effertive development and implementation of a Local Community Peace Action plan. The partnership 15 representatlve of communities across the district and includes Councillors, Social Partners. and Statutory Representatives. FRCN are member5 of Fermanagh and Omagh District Council's Agricultural Liaison 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 Board representatives on Rural Community Network Nl the regional voluntary or8anisation that articulates the voice of rural communities on issues relating to poverty, disadvantage. and equality. FRCN were a partner organisation on The Lough Erne Landscape Partnership ILELPI programme which for 6 years from January 2019- December 2024. Funded byThe National Lottery Heritage Fund, the programme focus wa5 to promote and preserve the unique bullt, natural and cultural heritage of Lough Erne and the people who surround it. The programme was led by RSPB Nl, and other partners included Fermanagh 2nd Omagh District Councll, Lough Erne Heritage, National Trust, Upper Lough Erne Region and Waterways Ireland. - FRCN organise the Annual Community Achievement Awards and Networking Event recognisinB achievements of local Groups and Individuals. Thls event with the FRCN Annual General Meeting promotes and celebrates the extensive levels of voluntary community activity taklng place throughout County Fermanagh. Fermanagh Rural Communlty Network Trustees have considered Charity Commisslon for Northern Ireland's general guldance on public beneflt when reviewing its objectives and In planning its future activities to ensure that these achieve the networks purposes and provide a benefit to beneficiaries. Flnancial Review Fermana8h Rural Community Network is non-profit making with Income In excess of expenditure of £45.707. The trustee5 and staff contlnue to manage resources in an efficient and sustainable manner. Page 4
Fermanagh Rural Community Network IA company limited by 8u/rantee, not havlng a share ¢¥tall DIREcfoRS' ANNUAL REPORT For Ihe yearended 31 March 2025 Flnanclal Resufts At the end of the year the company has assets of £ 216,020 12024- £168,9801 and liabilltles of £ 82.380 {2024- £81,048). The net assets of the company have increased by E 45,708. Future Plans Fermanagh Rural Communlty 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. Directors Louise McLaughlin-Borlace Margaret Burleigh Brian Richardson Patrlck Drumm Liam Jones Iris Mahon Rosernary Forde Kathleen Breen Pauline Carson Brian Mcmanus Oliver Mtcaffr TonyHarte In atcordante wlth the Memorandum and Artlcles of Association, the directors retire by rotation and. being eligible, offer themselves for re-ele¢tlon. 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 during the year was.. Brian Richardson Compliance with Se¢tor- Wlde Leglslatlon and Standards The company engage5 pro.artively with legislatlon, standards and ¢odes which are developed for the se¢tor. Fermanagh Rural Community Network subscribes to and is compliant with the following: - The Companles Act 2006 - The Charlties SORP IFRS 1021 Reser¥es Poli¢¥ Fermanagh Rural Community Network have a Reserves Policyi which requlres 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 organisatlons known Ilabllltles will be paid should the organlsatlon cease to trade. Page 5
Fermanagh Rural Community Network IA tompany IlmSled by 6u•rantee, not ha¥ln8 a share capit311 DIRECTORS, ANNUAL REPORT For the year endÈd YI March 2025 Public 8eneffts The benefits which flow form the purpose of Fermanagh Rural Community Network are the provision of practical support in the form of guidance, information and signposting to their full and affiliated members. A benefit is also educational and networking opportunities being made available for member groups and the communlty through accessing the knowledge and Èxpertise of the locally based staff, using the facilities provided in the resource centre and network servites and programmes. Fermanagh Rural Community Network provldes the above benefits to their rural communities by directly tackling Issues that are causing disadvantage and Poverty through; Empowerin8 the voice of rural communities,. Champlonlng excellence in ¢ommunlty development practice; Developing civic leadership in rural communities through a community development approach; Actively workin8 towards an equitable and pe3fUl soclety- Promoting the sustainable development of rural communities. These benefits can be demonstrated through the Annual Reports of Fermanagh Rural Community Network and through Dngoing monitoring and evaluation of work being carried out. The beneficiaries of Fermanagh Rural Community Network are community 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 Dlrectors on 15th September Z025 and slEned on its behaW: L . louise MtLau£hlln-Borlace Dlrertor rgaret Burleigh Dlrertor Page 6
Fermanagh Rural Community Network IA company Ilmtted by guarantee. rt having a share capltall STATEMENT OF DIREcfoRS' RESPONSIBILITIES Forthe year ended 31 March 2025 The dlrectors are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elerted to prepare the financial statements in accordance with United Kingdom Generally Accepted Attounting Practice Iunited Kingdom Accountlng Standards and applicable lawl Including FR5102 The 'Finan¢ial Reporting Standards appllcable In the UK and Republic of Ireland, Section IA (Small Entltlesl. Under company law the directors must not approve the fin?ncial statements unless they are satlsfled that they give a true and fair view of the state of affairs of the company and of the surplus or defi¢ii of the company for that period, In preparing these financial statements, the directors are required to: select suitable accounting policies and apply them fODSiStently- make Judgements and estimites that are reasonable and prudent; state whether the flnanclal statement5 have been prepared In accordance with the relevant financial reporting framework, identify th05e standard5, and note the effect and the reasons for any material departure from those,. standards: and prepare the financial statements on the going concem basis unless it 15 inapproprlate to presume that the company will continue in operation. The directors confirm that they have complied with the above requlrements in preparing the financial statements. In so lar as the directors are aware: there is no relevant information linformatlon needed by the charity'5 independent examiner in connection with preparing the independent examiners report} of which the charity's independent examiner in unaware and the direttors have taken all the step5 that they ought to have taken to make themselves aware of any relevant Independent examiner informttlon and to establish that the charity's Independent examiner Is aware of that information. The directors are responsible for keeping adequate accounting records that are sufflclent to show ènd explain the company's transactions and dlsclose wlth reasonable accuracy at any tlme the financi?1 position of the company and enable them to ensure that the financial statements comply with the Charitie5 Act INorthern 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 other irregularities. Approved by the Board of Dlrectors on 15th September 2025 and sl8ned on Its behalf: Louise McLaughlin-Borla<e Director rgaret Burleigh Dirertor Page 7
Fermanagh Rural Community Network IA company Ilm6ted by8uarantre. not havlnB a share capitol) INDEPENDENT EXAMINER'S REPORTTOTHE BOARD OF DIREcfoRS OF FERMANAGH RURAL COMMUNITY NETWORK We havè examined the financial statements of the company for the year ended 31 March 2025, whlch comprise the Statement of Financial Activities, the Summary Income and Expenditure Accounts, the Balance Sheet and the related notes. Thls report is made solely to the company's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies 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 Dlrectors that we have done 50, and state those matters that we have agreed to state to them in thls 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. Respertive responslbllltles of dlredor5 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 flnanclal statements in accordance wlth the requirements of the Companies Act 2006 and that an independent examination is requlred. It Is our responsibility to:_ - examine the financial statements under Section 65 of the Charities Art: follow the procedures laid down by the general Oirections given by the Charity Commission for Northern Ireland under settion 6519llbl of the Charities Act, and state whether particular matters have come to our attention. Basis of independent examlner's report We have examined your company financial statements as required under sectlon 65 of the Charities Act and our examinatlon was carried our in accordance with the 8eneral 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 re¢ords. It also includes consideration of any unusual items or dlsclosures in the financial statements and seeking explanations from the directors concerning any such matters. The procedures undertaken do not provide all the evldence that would be requlred 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 connertion with our examinatlon. no matter has come to our attention which glves us cause to belleve that In any material aspect: accounting records were not kept in accordance with section 386 of the Companies Act 2006 - the financial statements do not accord with those accounting records - the financial statements have not been prepared in accordan¢e with the accounting requirements of section 396 of the Companles Act 2006 and with the methods and prlnciples of the Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financlal Reportlng Standards applitable in the UK and Republlc of Ireland IFRS1021 -there is further information needed for a proper understanding of the accounts to be reached. Page 8
Fermanagh Rural Community Network IA company Ilrnlted by 6uarantÈ*, not hav5 a share capital) INDEPENDENT EXAMINER'S REPORTTO THE BOARD OF DIREcfoRS OF FERMANAGH RURAL COMMUNITY NETWORK Independent examiner's Ststement We have no concern and have came across no other matters in connertion with the examlnation to which attention should be drawn in this report in order to enable a proper understanding of the financial statement to be r¢a¢hed. Anthony Rasdale MacNeary Rasdale & Co Ltd "Wellington House" 30 Darling street Enniskillen Co. Fermanagh 15th September 2025 PaBe 9
Fermanagh Rural Community Network IA company Ilmlied by 8uaraAtee, not havlng a share ¢apltall STATEMENT OF FINANCIAL AcfiviTIES Fty the year Ènded 31 March 2025 Unrestrlrted Restrlcted Funds Funds Totsl Unrestrlcted Restricted Funds Funds 2024 2024 Total 2025 2025 2025 2024 Notes Incoming Resourtes Charitable activities Grants from governments and other co-funder Artlvities for generatin£ funds Other income 389,019 389,019 277,015 277,015 2,853 2.853 7,822 7.822 Totsl in¢omlnz resources 2,853 389.019 391,872 7,822 277.015 284,837 Resources Expended Charitable activities 346,165 346.165 281.182 281.182 Net incomingloutgoing resources before transfers Gross transfe[5 between funds 2.853 42,854 45,707 7.B22 14,1671 3,655 Net movement in funds for the year 2,853 42,854 45,707 7.822 {4,1671 3,655 Recondllation frffvnds Balances brought forward at l Aprll 2024 15 88.867 1935) 87.932 81,045 3.232 84,277 Balances carried foThvard at 31 March 2025 91,720 41,919 133,639 88,867 19351 87,932 The Ststement of Financial Artivities includes all gains and losses recognised in the year. All income and expenditure relate to continuing activities. PaBe 10
Fermanagh Rural Community Network IA ¢ompany limited by Kuarantee. not having a Share capital) SUMMARY INCOME AND EXPENDITURE ACCOUNT For the yèar ended 31 Mar¢h 2025 Statement of Financial Activilies 2025 20Z4 Gross income Unrestricted funds Restricted funds 2,853 389.019 391.872 284,837 Total Income Total expenditure 391,872 284,837 1346,1651 1281.1821 Net income/{expendlture) 45.707 3,655 The company has no recoBni5ed gain5 or losses other than the results for the year. The results for the year have been calculated on the historical cost basis. Page 11
Fermanagh Rural Communlty Network IA ¢ompany limltèd by 8uarantee, not having a share captsll BALANCE SHEEr as at 31 March 2025 2025 2024 Notes Fixed A55ets Tangible assets io 7.610 9,513 Current A55ets Debtors Cash at bank and in hand li 27.000 182,134 209.134 25,100 135,280 160,380 Creditors: Amounts falling due within one year 12 182.3801 {81.0481 Net Current Assets 126,754 79,332 Total Assets less Current Llabilities 134,364 88,845 Grants receivable 13 17241 19131 Net Assets 133.640 87.932 Funds Restrlcted trust funds General fund lunrestrictedl 41,919 91.721 19351 88.867 Total funds 15 133,640 87.932 These financial statements have been prepared In accordance with the special provi5ion5 relatin8 to small companies wlthln Part 15 of the Companies Act 2006. For the financial year ended 31 March 2025 the company was entitled to exemption frorn the audit under section 477 of the Companies Act 2006.. and no notice has been deposited under section 476. The dlrertors confirm that the members have not requlred the company to obtain an audit of it5 finanelal statements for the year in question in accordance wlth section 476 of the Companles Act 2006. The directors acknowledge their responsibilltles for ensuring that the company keep5 ac¢ountlng 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 a5 Zt the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of section5 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statement5, 50 far as applicable to the company. Page 12
Fermanagh Rural Communlty Network IA company limited by Èuararttee. not ha¥ins a share tapltall BALANCE SHEET as al 31 Marth 2025 The financlal statements have been prepared in accordance wlth the provision5 applicable to companies subject to the small companie5, 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 Dlrectors and aulhorised for Issue on 15th September 2025 and slgned on Its behalf by: Louise McLaughlin-Borlace Director Margaret Burlel8h Director P¥e 13
Fermanagh Rural Communlty Network IA Comn¥ limlted by guarantee. not havln8 a share caprtall NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31 March 2025 GENERAL INFORMATION Fermanagh Rural Community Network is a company limited by guarantee not having a share capital incorporated in Northern Ireland. The registered office of the tompany is 3 Queen Street, Enniskillen, Co. FermBnagh, BT74 7JR which is also the principle place of business of the company. The financial statements have been presented in Pound Sterling {£) whith is also the functional currency of the company. ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity's financial statements. Basls of Preparatlon The financial statements have been prepared under the historical c05t convention and in accordance wlth the Companies Act 2006 and Part 8 of the Charities Act INorthern Ireland) 2008. They also comply with the Statement of Recommended Prartise ISORP 2005. as updated in 2008} and with the financial reporting standards. The following accounting policie5 have been applied conslstently In dealing with items which are considered material in relation to the company's financial statements. Statement of compllance The financial statements of the company for the year ended 31 March 2025 have been prepared on the going concern basi5 and in accordance with the Statement of Recommended Practlce ISORPI ' Accounting and Reporting by Charlties preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 2015}' and FRS102 'The Financial Reporting Standard applicable in the UK and Republic,, applying Sertion IA ot that Standard. Cash flow statement The company has availed of the exemption in FRS102 from the requirement to produce a cash flow statement because it is classified as a small company. Incomin8 Resource5 Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled to it. its financial value can 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 executors. Income received in advance of due performance under a contract is accounted for as deferred income until earned. Grants for activities are rerognised as Income when the related conditions for legal entltlement 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. Charitsble actlvities include cost5 of services and grants. support costs and depreciation on related assets. Costs of generating funds similarly include fundraising artivities. Non-staff costs not attributed to one category of activity are allocated of apportioned pro-rata to the stafling of the relevant service. Finance. HR. IT and admlnistrative stsff costs are directly attributable to individual actlvlties by objective. Governance costs are those associated with constltutSonal and Statutory requirements. PaBe 14
Fermanagh Rural Community Network (A company Ilmlted by8uarnTrtee, not havlng a share capltall NOTES TO THE FINANCIAL STATEMENTS for thè year ended 31 March 2025 Tan8lble flxed assets and depreciation Tangible fixed assets are stated at C05t or at valuatlon, less accumulated depreciatlon. The charge to depreciation is caltulated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follow5:. Fixtures, fittings and equipment -20% reducing balance Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the company from government agencies 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 rnonths notice withdrawal. Taxation and deferred taxation No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. 3. GOING CONCERN The Directorsnrustee5 envisage that based on fvture funding OPF)Ortunities the company will be performing on a much lesser scale. The Direttorsnru5tees confirm that it is appropriate to prepare the financial statements on a golng concern b3SIs. The financial Statements do not include any adjustments that would result if the going concern basis was not appropriate. 4. INCOME 4.1 CHARITABLE AcfiviTIES Unrestricted Restricted Funds Funds 2025 2024 Screggagh Wind Fam DAERA- Rural Community Development Support Service Fermanagh & Omagh District Council Lakeland Community Care NI START Co-op Ireland Safe Dfc Volunteering NIHE SPRING OFRA/DAERA OFRAIDAERA Micro 61,969 406 167,420 4,227 44,222 61.969 406 59.923 131 123,8flJ 15.586 15,615 35,248 ICN) 22.987 3.625 167.420 4,227 44.222 loo loo 84,495 26,497 389,336 84,495 26,497 389,336 277,015 PaNe IS
Fermanagh Rural Communlty Network IA company limlted by guaTrntee, not having a share capltal NOTES TO THE FINANCIAL STATEMÉNTS for the year ended 31 Mar£h 2025 4.2 OTHER TRAOING AcfiviTIES UnrÈstrlrted Restricted Funds Funds 2025 2ill4 Other Funds Generated Unre5trirted Restrlrted Funds Funds 2025 2024 4.3 OTHER INCOME Other income 2,853 2,853 7,822 5. EXPENDITURE 5.1 CHARITABLE AcfiviTIES Dirert Costs Other Costs Support Costs 2025 2024 Screggagh Wind Farm Fermana8h & Omagh District Council OFRA/DAERA Lakeland Community Care Other Income 61,969 167,420 84,495 4,227 2.853 59,923 123,800 35.248 15,586 5,466 16.637 15,615 3.625 NIHE NI START SPRING OFRA/DAERA Micro 44.222 26.497 391,683 275,900 5.2 SUPPORT COSTS 2025 21)24 Travel and Subsistence Training and networking events General office expenses Accountancy fees Legal znd professional fees Group Support 3,427 3,529 11,544. 2,276 4.112 2.418 13,147 1,140 209,664 230,440 160,754 181,571 Pa8e 16
Fermanagh Rural Communlty Network IA company limilÈd byguarantee. not ha¥in8 4 share capltall NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31 March 2025 6. ANALYSIS OF SUPPORT COSTS 2025 2024 Basls of Apportionment Direct Costs Direct Costs Travel and Subsistence Training and networkin8 events General office expenses Accountancy fee5 Legal and professlonal fees Group Support 3,427 3,529 11,544 2,276 4,112 2.418 13,147 1.140 Direct Costs Direct Costs Direct Costs Direct Cost5 209,664 230,440 160,754 181.571 7. NEf INCOMING RESOURces 2025 2024 Net Intomlng Resources are stated after charging/lcrediting}: Depreciation of tangible assets Amortisation of grants receivable 1,903 1189) 1,714 2,378 12311 2,147 8. INVESTMENT AND OTHER INCOME 2025 2024 Amortisation of capital grants recelved- SEUPB Amort15ation of capital grants- DARD Amort15ation of capital grants- Dfc 32 56 57 loo 75 100 189 231 9. EMPLOYEES AND REMUNERATION The average number of persons employed (including executlve dlrectorsl durlng the year was as follows., 2025 Number 2024 Number Administration The staff costs comprlse- 2025 2024 Wage5 and salaries Penslon costs 105.657 5.677 111,334 92,084 5.149 97.233 Pame 17
Fermanagh Rural Community Network IA company Ilmlted by8uarantee, not havlng a share capltall NOTES TO THE FINANCIAL STATEMENTS lorthè year Ènded 31 Marth 2025 10. TANGIBLE FIXED ASSErs Flxtures. ffttlnES and equipment Total At l April 2024 Additions 36,132 36,132 At 31 March 2025 36.132 36,132 Depreclatlon At l April 2024 Charge for the year 26,619 26,619 1,903 28,522 1,903 28,522 At 31 March 2025 Net book value At 31 March 2025 7,610 7,610 At 31 March 2024 9,513 9,513 11. DEBTORS 2025 2024 Other debtors 27.000 25,100 27,000 25,100 12. CREDITORS Amounts falling due wlthin one year 2025 2024 Other creditors Accruals and deferred Income 20,411 61,969 82,380 23,481 57,567 81,048 Page 18
Fermanagh Rural Communlty Network IA MpanY limited by guarantee. not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the year end 31 March 2025 13. GRANTS RECEIVABLE 2025 2024 Capital grant5 received and recelvable At l April 2024 Increase in year 6,911 6,911 As 31 March 2025 6.911 6.911 Amortisatlon At l April 2024 Amortised in year 15.9981 11891 15,767) 12311 At 31 March 2025 16.1871 15,998} Net book value At 31 March 2025 724 913 At l April 2024 913 1,144 14. RESERVES 2025 2024 At l April 2024 for the year 87,932 45.707 84,277 3,655 At 31 March 2025 133,639 87,932 IS. FUNDS 15.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestrlrted Restrlcted Funds Funds Total Funds At l Aprll 2023 Movement during financial year At 31 March 2024 81,045 7,822 88,867 3,232 14.1671 19351 84.277 3,655 87,932 Movement during financial year 2,853 42.854 45.707 At 31 March 2025 91,720 41.919 133,639 Pase 19
Fermanagh Rural Communlty Network IA ¢ompany limited by guaranlee. not havlnB a share ¢aprtall NOTES TO THE FINANCIAL STATEMENTS foT the year endÈd 31 March 2025 152 ANALYSIS OF MOVEMENTS ON FUNDS Balance l April 2024 Income Expenditure Transfers Balance between 31 Marth funds 2025 DAERA Fermanagh & Omagh District Council ScregEagh Windfarm Miscellaneous income Lakeland Care OFRAIDAERA OFRAIDAERA Micro NIHE 89 167,420 61,969 2,853 4,227 84,495 26,497 89 9.000 167,420 61.969 9.000 7.320 10,173 4,227 84,495 26,497 NI START DFC Volunteering 44,222 loo 1.368 loo 42.854 16,320 391,872 346,165 62.027 Unrestrlrted Income Fermanagh Rural Community Network 71,612 71,612 Total funds 87.932 391,872 346,165 133,639 16. STATU5 The company is Ilmlted by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one year thereafter, for the payment of debts and Ilabllltles of the company contracted before they ceased to be members, and the costs. charges and expenses of winding up. and for the adjustment of the rights of the contribor$ among them5elve5, such amount as may be required, not exceeding £1. 17. POST-BALANCE SHEET EVENTS There have been no slgnificant events affecting the Charity since the year-end. Page 20