COMPANY REGISTRATION NUMBER: N1606140 CHARITY REGISTRATION NUMBER: 100216 Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Unaudited Financial Statements 31 March 2023 CR DDEN D LAN LTD Chartered accountants 23-25 Darling Street Enniskillen Co Fermanagh BT74 7DP
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2023 The trustees, who are also Ihe directors for the purposes of company law. present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. Reference and administratlve details Reglstered charity name Fermanagh Under-Age Entertainment Life IF. U. E. L) Charity registratlon number 100216 Company registration number N1606140 Prlncipal office and registered 27c East Bridge Street off ice Enniskillen Co Fermanagh BT74 7BW Northern Ireland The Irustees Cathy Scott-moore Frankie Dean Katrina Armslrong Clara Balfour Gwyneth Blair Independent examiner Catherine Crudden Crudden Dolan Ltd 23-25 Darling Streel Enniskillen Co Fermanagh BT74 7DP Struclure. governance and management The organisation is run by committee. There is 1 employee who is responsible for the daily administration of Ihe charity.
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2023 Objectives and activltles The objectives of the charity and its main activities are as follows: 1 To benefit young people by offering edLtcation, health preservation and social recreation. To benefit people without distinction of sex, sexual orientation. race or of political. religious or other opinion, in co- operation with other individuals, groups and authorities by advancing education, preserving and protecting health (mental & sexual as well as physicall and providing facilities in the interests of social well-being for recreation and leisure with the aim of improving the conditions ol young people and the population in general. The Charity shall have a special responsibility of of promoting and providing lacilities for young people aged from eleven to Iwenty five years of age (inclusive} in County Fermanagh. And in particular by.. Promoting a forum for young people so that Ihey may identify and work together on issues and needs alfecting their lives and work with organisations which aim to seNe their needs- Facilitating the active participalion of young people in the charity's facilities and wider society by identifying iheir needs and concerns, and planning and executing pro-active practioalsolutions to meet these needs and concerns, thereby fostering an appreciation of the responsibilities of citizenship in a multi-cultural society and the democratic process; iiil Organising regular events for young people and a youth hub for young people aged over twelve and under eighteen years(Ihe "Facility Users") iv) Operating a transparent, inclusive and lair working ethos with young people. Working in co-operation wilh other individuals, groups and authorities in achieving the Charity's objects. 2 The relief of those in need by reason of youlh by providing: Safe, cross communiiy after school FUEL youth hub in Enniskillenldesigned with input from the Faciliiy Users). High quality alcohol and drug free entertainment {organised in partnership with the Facility Users) for those aged over twelve and under eighteen years in a religiously and politically neutral venue in Enniskillen iiil Where appropriate. counselling and other services identified with input from the Facility Users to be provided in the FUEL youth hub., iv) A youth information and advice service and other support services for young people aged from eleven to twenty five years ol age{inclusive)' Resources, training, development and networking opportunilies with other similar projects to meet the needs of Ihe Facility Users to equip them with the appropriate skills and confidence to enable them to contribute to the running ol the Charity's facilities.
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2023 Achievemenls and performance Fermanagh Underage Entertainment Life has now evolved into two main identities CENTRE and The HANG OUT SPACE. The FIND The FIND CENTRE - Fermanagh Information Needs and Development is a One-stop Shop based in Enniskillen and catering to the whole of Fermanagh. The FIND CENTRE consists of three main areas Community Space, Resources Centre, OUTREACH provider. In all of these areas the FIND CENTRE provides extensive information and resources on a variety of health and well-being issues lor 11 25 year olds. This is supported by qualified and trained staff who are able to signpost and provide supported referrals to the appropriate organisations lo match the needs of the individuals. Delivering and working in partnership in schools and community groups is a key part of OUTREACH. This is a service provided county wide in topics of emotional well-being, sexual health. drugs and alcohol, sexuality, legal and welfare issues and employability. These topic areas are not exhaustive. The FIND CENTRE provides accessible counselling space and meeting rooms to other partners. The HANG OUT SPACE - is a free neutral safe space lor young people lo socialise in out ol school hours. Facilities include gaming systems, pool tables, air hockey, table tennis, table football and darts. There is monitored wi-ti and computer facilities to aid wilh homework. This area is supported by qualified and supportive staff at all times. When Ihe HANG OUT SPACE is nol being used by the young people, its facilities is utilised by other community organisations. Together these two identities creale a holistic organisalion who pride themselves in working together with others lo enable positive outcomes. The organisation has moved to new premises within the town main street. creating a larger market prescence. This building has provided disability access., in a larger useable space with additional pods. accommodating a wider variety of activities and community groups wilhin the centre. Flnancial review FUEL and FIND continue to be supported with funding provided by the Public Health Agency as part of their One Stop Shops for Young People programme. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 22 September 2023 and signed on behalf of the board of trustees by: tgQ.V Cathy Scott-moore Trustee Katrina Armstrong Trustee
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Independent Examiner's Report to the Trustees of Fermanagh Under-Age Entertainment Life (F. U. E. L) Year ended 31 March 2023 I report to the trustees on my examination of the financial statemenls of Fermanagh Under-Age Entertainment Life {F. U. E. L) ('the charity,) for the year ended 31 March 2023. Responsibllltles and basis of report As the Irustees of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statemenls in accordance with the requirements of Charities Act (Northern Ireland) 2008 {the '2008 Act,) and Ihe Companies Act 20061'the 2006 Act,). You are satisfied that the accounts of the company are not required by charity or company law to be audiled and have chosen instead to have an independent examinalion. Having satisfied myself that the accounts of the company are not required to b8 audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under seclion 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 6519llb} of the 2008 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act. or the financial statements do not accord with those records. or the financial slatemenls do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wilh the Financial Reporiing Standard applicable in the UK and Republic ol Ireland IFRS 102)-
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Independent Examiner's Report to the Trustees of Fermanagh Under-Age Entertainment Life (F. U. E. L) (¢ontlnued) Year ended 31 March 2023 I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Catherine Crudden Crudden Dolan Ltd Independent Examiner 23-25 Darling Street Enniskillen Co Fermanagh BT74 7DP
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Stalement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Donations and legacies Other trading activities Total income 146,815 6,413 153,228 3,064 149.879 6,413 140,163 4,750 144,913 3,064 156,292 Expenditure Expenditure on raising funds: Costs of raising donations and legacies Expenditure on charitable activities Total expendlture 4,240 146,087 150,327 4,240 149,151 153,391 6,493 137,730 3,064 3,064 144,223 Net income and nel movement in funds 2,901 2,901 690 Reconciliation ot funds Total funds brought fOard Total lunds carried fonvard 47,938 50.839 47,938 47.248 50.839 47.938 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 8 to 16 form part of these financial slalements.
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Note Fixed assets Tangible fixed assets 15 5,001 6,752 Current assets Cash al bank and in hand 51.587 45,371 Creditors: amounts falling due wlthln one year Net current assets 16 5,749 4.185 45,838 41,186 47,938 Total assets less current Ilabilities Net assets 50,839 50,839 47,938 Funds of the charlty Unrestricted funds 50,839 47,938 47.938 Total charity funds 18 50,839 For the year ending 31 March 2023 Ihe charity was entilled to exempiion from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounling records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies. regime. These financial statements were approved by the board of trustees and authorised for issue on 22 September 2023, and are signed on behalf of the board by.. Cathy Scott-moore Trustee Katrina Armstrong Trustee The notes on pagos 8 to 16 form part of these flnancial stalements.
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 General inlormallon The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 27c East Bridge Street. Enniskillen, Co Fermanagh, BT74 7BW, Northern Ireland. Statemenl of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (Charities SORP (FRS 102)) and the Companies Act 2006. Accountlng policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the lunctional currency of the entity. Going concern There are no material uncertainties about the eharitvs ability to continue. Disclosure exemptions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of {enter name of group financial statements) which can be obtained from {enter delaill. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: {a) No cash flow statement has been presented for the company. {b} Disclosures in respect of financial instruments have not been presented. Judgements and key sources of estimation uncertainly The preparation of the financial statements requires management to make judgements, estimates and assumptions Ihat affect the amounls reported. These estimates and judgements are continually reviewed and are based on experience and other factors, inclucling expectations of future events that are believed to be reasonable under the circumstances.
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (¢onlinued) Year ended 31 March 2023 Accountlng policies (contlnued) Fund accounting Unrestricted funds are available for use at the discretion of Ihe trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expendilure declared by the donor or through the terms of an appeal, and fall into one ot two sub-classes.. restricted income funds or endowment funds. Incoming resources All incoming resources are inclLrded in the slatement of financial activities when entitlement has passed to the charity. it is probable thal the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income Irom donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for Ihe supply ol services is recognised with the delivery of the contracted service. This is classified as unrestricted tunds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Accountlng policies (conlinued) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, evenls, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities Ihat further its charitable aims for Ihe benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expendilure includes all expenditure that is neither related to raising funds lor the charity nor part of its expenditure on Charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the aclivilies they contribute to on a reasonable, justiliable and consistent basis. Tangible assets Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulaled depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at Ihe dale of revaluation less any subsequent accumulated depreciation and subsequent accumulaled impairment losses. An increase in the carrying amount of an asset as a result of a revalualion. is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the usetul economic life of thal asset as lollows- Furniture & Equipment Inlernal Fixtures and fittings Computer Equipment 25 % reducing balance 150/0 reducing balance 20°/o Straight line Impairment of flxed assets A review for indicators of irnpairmenl is carried out at each reporting date, with the recoverable amount being estimated where such indiGators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 10
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 Accounling policies (eontinued) Impairment of fixed assets (continued) For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the assel belongs. The cash-generating unit is the smallest identifiable group of assels that includes Ihe asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill. Ihe goodwill acquired in a business combination is, from the acquisition date. allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assels or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the conlractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at Ihe cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value wilh changes in fair value recognised in income and expenditure. All other such investments are subsequenlly measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value. unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured al the present value of the future payments discounted at a market rate of inlerest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the slatement of financial activities, wilh the exception of hedging instruments in a designated hedging relalionship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is reGognised under the appropriate heading in the slatemenl of financial activities in which Ihe initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credil risk characteristics. 11
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2023 Accounting policles (continued) Financial instruments (contlnued) Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Detined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset lo the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding ot the discount is recognised as an expense in the period in which it arises. Limited by guarantee The company is limited by guarantee and therefore does not have a share capital. In the event of a winding up the liability of the members is limited lo £1. Any surplus of assets remaining, lollowing liquidation, will be distribulable to a charity or charities of the trustees, choosing. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2023 Donations Asda Foundation 400 400 Grants PHA Grants Receivable FDC Grants Receivable Arts Council of Nl 142.270 142.270 3.064 4,145 3,064 4,145 146,815 3,064 149,879 Unrestricted Funds Restricted Total Funds Funds 2022 Donations Asda Foundation Grants PHA Grants Receivable FDC Grants Receivable Arts Council of Nl 138,553 138,553 1,610 1,610 138,553 1,610 140,163 12
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Olher trading actlvilies Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Rent Received 6.413 6,413 4,750 4.750 Costs of raising donatlons and legacles Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Wages and Salaries 4,240 4,240 6,493 6.493 Expenditure on charStable activities by lund type Unreslricted Funds Restricted Total Funds Funds 2023 Activity type 1 Support costs 143,464 2,623 146,087 3.064 146,528 2,623 149,151 3,064 Unreslricted Funds Restricted Total Funds Funds 2022 Activity type 1 Support costs 133.433 2,521 1,776 135,209 2,521 137,730 135,954 1,776 Expenditure on charltable aclivilies by activity lype Activities undertaken directly Support costs Total funds 2023 Tolal fund 2022 Activity type 1 Governance costs 146,528 146,528 2,623 135,209 2,521 2,623 146,528 2,623 149,151 137,730 13
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes lo the Financial Statements (contlnued) Year ended 31 March 2023 10. Analysls of support costs Analysis of support costs activity 1 Total 2023 Total 2022 Governance costs 2.623 2,623 2.521 11. Net income Net income is stated after chargingllcreditingl.. 2023 2022 Depreciation of tangible fixed assets Fees payable lor the independent examination ol the financial statements 1,751 2,091 300 300 12. Independenl examination fees 2023 2022 Fees payable to the independent examiner for.. Independent examination of the financial statements 300 300 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as lollows- 2023 2022 Wages and salaries Social security costs Employer contributions to pension plans 87,775 2,671 675 80,970 2,617 839 91,121 84,426 The average head count of employees during the year was 4 {2022.' 31. Th8 average number of full-time equivalent employees during the year is analysed as follows: 2023 2022 Number of staff - Administration Number of stafl - Direct Staff No employee received employee benefits of more than £60,000 during the year {2022'. Nil). 14. Trustee remuneration and expenses No remuneration or other benefits Irom employment with the charity or a related entity were received by the trustees. 14
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Noles to the Financial Statements (continued) Year ended 31 March 2023 15. Tanglble Ilxed assets Plant and Fixtures and machinery fittings Motor vehicles Total Cost At 1 Aprll 2022 and 31 March 2023 Deprecialion At 1 April 2022 Charge for the year At 31 March 2023 33,431 4,825 34,972 73,228 29,538 973 4,242 88 32,696 690 66,476 1,751 30,511 4,330 33,386 68,227 Carrying amount At 31 March 2023 2,920 495 1,586 5,001 6.752 At 31 March 2022 3,893 583 2,276 16. Creditors: amounts falling due within one year 2023 2022 Accruals and delerred income Social security and other taxes 4,068 1,681 2,082 2,103 5.749 4.185 17. Pensions and other post retirement benefits Defined contributlon plans The amount recognised in income or expenditure as an expense in relation lo defined contribution plans was £67512022.. £8391. 18. Analysis of charitable funds Unrestricled funds At 31 March 202 At 1 April 2022 Income Expenditure General lunds 47,938 153,228 1150,327) 50,839 At 31 March 202 At 1 April 2021 Income Expenditure General funds 47,082 143,303 1142,447) 47,938 15
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Staternents (contlnued) Year ended 31 March 2023 18. Analysls of charitable funds (conllnuedj Restricted funds At 31 March 202 At 1 April 2022 Income Expenditure Restricted Fund 1- desc in alcs 3,064 13,064) At 31 March 202 At 1 April 2021 Income Expenditure Restricted Fund 1 desc in ajcs 166 1,610 {1.776} 19. Analysis of net assets between funds Unrestricted Tolal Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 5,001 51,587 15,749) 50,839 5,001 51.587 (5.7491 50,839 Unrestricled Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assels 6,752 45,371 (4,1851 47,938 6,752 45,371 14,185) 47,938 20. Financlal Instruments The carrying amount for each category of tinancial instrument is as follows: 2023 2022 Financial assets that are debt inslruments measured at amortised cost Financial assets that are debl instruments measured at amortised cost 51.587 45,371 Financial Ilabllitles measured at amortised cost Financial liabilities measured at amortised cost (5,749} (4.185) 16