COMPANY REGISTRATION NUMBER: N1606140 CHARITY REGISTRATION NUMBER: 100216 Fermanaoh b'iide".-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee -dited Financial Statements 31 March 2024 CRUDDEN DOLAN LTD Chartered ac.=ountants 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 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statern.-nt of financial activities (including income and pxpenditure accoLinii Staterp,- ant of financial position Notes to tle financial btatements 10
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 2024 The trustees. who are also the directors for the purpos-s of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and administrative details Registered charity name Fernianagh Under-Age Entertainment Life (F. U. E. L) Chai'ity reeistration number 100216 Company registration number N1606140 Principal gffice and registered 27c East Bridge Street offiLe Enniskilleii Co Fermanagh BT74 7BW Nortrhern Ireland The trustees Cathy Scott-moore Frankie Dean Katrina Artnstrong Clara Balfoar Gwyneth Blair Independent examiner Catherine Crudden Crudden Dolan Ltd 23-25 Darling Street Enniskillen Co Fermanagh BT74 7DP Structure. governar1e and management The organisation is run by committee. There is l employekn who is respnnsible for the daily administration OL he charity.
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continuedj Year ended 31 March 2024 Objectives and activities The objectives of the charity and its main activities are as follows: l To benefit young people by offering education, health preservation and social recreation. To beneFIt people without disti.4etion of sex, sexual orientation, racp or OA political. religioLiS or oiher opinion, in co-operation with other individuals, groups and authorities by advancing education. preserving and protecting health (_p.tal & sexual as well as physical) and providing facilitie< in the interests of social well-being for recreation and leisure with the aim of improving Ihe co.-,ditions of young people and the population in general. The Charity shall have a special responsibility Oi vr promoting and providing facilitÉes for voung people aged from eleven to twenty five years or age (inclusive) in County Fcnnanagh. And in particular by: Promoting a forum for young people so that tFiey may identify and work togeiher on issues and needs affecting their lives and ivork with organisotions which aim to serve their needs- Facilitating the aLtive participation of young people in the charity's facilities and wider society by idelltifying their needs aiid concern< and planning and executing pro-active practical solutions to meet these needs and -oncerns, thereby fostering an appreciation of the responsibilTties of citizenship in a multi-cultural society and the democratic piocess. iii) Organising regular events for young neople and a youth hub for young people aged over twelve and under eig41 teen years(the 'Facility Users ) iv) Opeiating a transparent, inclusive and fair working ethos with young people; Ivorking in co-operation with other KndividuaEs, gioups aid authorities in achieving the Charity's objects. 2 The relief of those in neeu by reason of youth by providing: Safe, cross voM.unltY after school FUEL youth hub in Enniskillen(designed with input from tble Facility Users). ii) High quality alcohol and drug flee pntertainment (organised in partnership with the Facility LTsers) for those dged over twelve and under eighteen year< in a religiously and politically neutral venue in Enniskillen iii) Where approprig.te, counselling and other services identified with input fro. the Facility Users to be provided in the FUEL youth hub. iv) A youth inform. otion and advice service and other support services for ycung people aged from eleven to twenty five years of age(inciusive)' Resources, training. development and networking cpportunities with other similar projects to meet the ri.'"ds of the FacilitlF Users to equip them with the approp'.ate skills and cop_fidence to enable thein (o Contribute to the running of the nh&ity's facilities.
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {conlinued) Year ended 31 March 2024 Achievements and performance Fermanagh Underage Entertaintnent Life has now evolved into two main identities nENTRE and The liANG OLrr SPACE. The FIND The FIND CENTRE - Fermanagh Infurmation Needs and Development is a One-stop Shop base(i in EiinisL!!en and catering to the whole of Fermanagh. The I'IND fENTRE consists of three main a:-as - Communiiy .S_p- gce. Resources Centre. oufREAC14 PAovider. In all of thp<e areas the FIND CENTRE provides extensive inforniation and resou.-ces on a variety of health and well-being iSJues for i 1 25 year olds. Tnis is supported by qualified and trained qtaff who are able to signpost and proviae supported referra s to the appropriate organisatlOTiS to match the needs of t41e individuals. DelivrIng and working in partnership in schools and communi:y groups is a key part of OUTREACH. This is a service provided county wide in top.cs of etnotional well-beino, sexual health. drugs and alcohol, )44xuality. legal lind welfare issues a-..d etnployability. These 'LOPiC areas are not exhaustive. The FD CENTRE Drovides accessible counselling space and ineeling rooms to other partners. The HANG OUT SPACE - is a free neutral safe space for young people to socialise in out of school hours. Facilities include gaming systems, pool tables. air hockey, tdble tennib. table football and ddrts. There is monitored wi-fi and cotD_puter facilities to aid with homework. This area is supported by qualified and supportive staff at all times. When the HANG Otrr SPACE is not being used by the young people. its facilities is utilised by other community organisations. Together these two identities create a holistic organisation who pride themselves in working together with olhers to enable positive outcomes. The organisation ha8 moved to p.ew preTnises within the toii'n main street, creating a larger market prescence. This building has piovided disabilit_y access. in a larger useable space with -dditional pods, accommodating a wider iiariety of activities and community groups within the centre. Financial review UEL and FIND continue to be suppurted with funding provided by the Public Health Agency as part of their One Stop Shops for Young People programme. Small COThiP2ny p-rovisions This report has been prepared in accordance with the prov:sions applicable to companies eiltitled to the small companies exemption.
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 2024 The trustees, annual report was approved on 20 December 2024 and signed on behalf of the board of trustees by.. Cathy Scott-moore Tru%te.e 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 2024
report to the trustees on my examination of the financial statements of Fermanagh Under-Age
Entertainment Life (F. U. E. L) ('the charity,) for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the company land also its directors for the purposes of company law) vou are
responsible fo.. the preparation of the financial statements in accorflanc• with the requirements of
Charities itct (Northern Ireland) 2008 (the '2008 Act, ) and tb.9 Lompaiiiec
Act 2006 ('the 2006 Act.).
You are satisfied Ihat the accounts of the company are ngt required by charily or company law to be
audited dnd h
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) (contlnued) Year ended 31 ftAarch 2024 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 nniskillen Co Fermanagh BT74 7DP
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note IriDome and endowments Donations and legacies Othei trading activities Total incoriie 141.497 14,953 156.450 433 149,879 6,413 141,930 156,883 156.292 Expenditure Expenditure on raising funds= Costs of rai<ing donations and legacies Expenditure on cb.aritable activities TotaI expenditure 5,56? 138.152 770 14,183 6,332 1)2,335 4,240 149,151 143,714 14,953 158,667 153,391 Net (expenditure)lincome and net movement in funds (1,784) (1,784) 2,901 Reconciliation of funds Totdl funds brought forward Total funds carripd forward 50,839 50,839 47,938 49,055 49.055 50.839 he statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aciivities. The notes on pages 10 10 20 form part of these financial st21ements.
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 Nole Fixed assets Tangible fixed assets 15 4.766 5,001 Currerit assets Debtors Ca<h at hank and in hand 16 2,397 46,454 51,587 48,851 51,587 Creditors: a.Ounts falling due within one year Net current assets 4,562 5.749 44.289 45.838 Total assets less currpnt liabilities 49,055 50,839 Net assets 49.055 50,839 Funds of the charity Unrestricted funds 49.055 50,839 Total charity funds 19 49,055 50,839 For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, respoiisibilities: The members have not required the company to obtain an audit of its financial statements foi the year in question in accordance with section 47G. The directors acknowledge their responsibilities for complying with the requirements of the Act with respeci to accoup.ting records and the preparation of financial statements. These financial statement.R have been prepared in acc'Jrdance with the provisions applicable to companies subject to the small companies, regime. The statement of financial positiori continues on the following page. The notes on pages 10 to 20 form part ol these linancial stalements.
Fermanagh Under-Age Entertainment Life (F. U. E. L) cotr.pany Limited by Guarantee Statement of Financial Position (continued) 31 March 2024 These financial statements were apFroved by the board of trustees and auihorised for issue op. 20 December 2024, and are signed on behalf of tEie board by: *fv-L Cathy Scott-moore I rustee Katrina Armstrong Triistee The noles on pagps 10 to 20 lorm part ol these financ'.al statements.
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a public benefit entity and a private company limited by guarantee. registered in Northern Ireland and a registered charity in Northern treland. The address of the registered office is 27c East Bridge Street. Enniskillen, Co Fermanagh, B T74 7B W, Northern Ireland. Statement of compliance These financial statements have been prepai'eu in cnTnpliance with FRS 102. 'The Financial Rpyorting Siandard applicable in the UK and the Republi¥ of Ireland,. the Statement of Recominended Practice applicable to c4arities preparing their accounts in accordance with the Financial Reporting Standard applicablc in the UK and Republkc of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Bas s 01 preparation The financial sl£itements have been prepared on the historical cost basis, (Is 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 functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to conLinue. Disclosure exemptions The eii tity Satisfies the critttria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial it-tements of (enter name of group financial statements) which can be obtained fro1 (enter detail). As such. advantage has been taken of the foll=wing disclosure. exemptions available under paragrayh 1.12 of FRS 102.. (a) No cash flow statement has been presented for the company. (b) Disclosureo III respect of financial instiuments ha not been presenied. Judgements and key sources of estimation unceA-tainty The preparatioD. of the financial statements requires managetnent to make jiidgements, estimates and assumptions that aftect the arryounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 10
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting polici (conliiiucd) Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or committnent. Restricted fuiiu8 are subjected to re.strictions on their expendilure deC[-ed by the dor.or or through the terms of an appeal, and fall into one of two sub-ciasses: restricted income funds or endowment funds. Incoming *esources All iriCOITllP.o resources are included in the statement of financial activities when entitlement has passed to the ch(Lrity' it is probable that the economic benefits associated witn the transaction will flow to tlie charity and the amount can be reliably measured. The lollowing specific policies are applied io par.ticular categories of income: income from donations 01 grants 1.% recognised when there is evidence of entitlement to the gift. receipt is probable and its amount can be measurpd reliably. legacy income is recognised when receipt is probable and entitletnent is established. income from donated goods is measured at the fair valiie of the goods unless this is impraLtical to measure reliably, in which case the value is derived fromi the cost to the donor or the estimated resiile value. Donated facilities and services are recognised in the accounts when received if the valu¢ ca4 be reliably measu.-ed. No amounts are included for he contribution of general volunteers. income from contracts for the Eupply of services is recognised witb. the delivery of the contracted scrvice. This is classified as unrestricted fLinds iiryless therc is a contractual requiremeiLt for it to be spent on a particular purpose and retumed if Uikiper.t. 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 (contlnuedj Year ended 31 March 2024 Accounting policies (tonltliued) 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 clog8ified under headings of the State.ent OL financial activities to which it relates: expenditure on raising funds includeb the cnsts of all fundraising activities, events. non- charitable trading activities. and ine sale of donated goods. expenditure on charitable activities includes all costs incued by a charity in undertakiniF activities that further its chariiable aims for the benefit 0£ Its beneficiaries, including those support costs and costs relating to the governance of tFie chaiity apportioned to charitable activlties. othei expenditure includes all expenditure that is neithcr relat to raising funds for the charitxj nor part of its expenditure on charitable activitLeS. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to il single activity are allocated directly to that actirfity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. Tangible assets Tangible assets ale initially recorded ?.t cost, and subsequently stated at cost less an) accumulated depreciation and impairment losses. Any tangible assets Ced at revalued amounts arkn recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subseauent accumulated kmpairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised g¢iins and losses. unless it reveises a charge for impairment tliat has previously been r-cogiiised as expenditure within the stteMent of financial ac:iVliies. A decrease in the carrying amount of an assei as a result of ieiFaluation, Ès recngnised in other recogniseu gains and losses. -Ace.pt to which it offsets any previous revaluation gain, in i:'hich case the loss is shown withili Other recognised gains and losses on the S¥atement of financial ilctivities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful ecOnoaC life of that asset as follows: Furniture & Equipment Internal Fixtures and fittings Conii)lJter Equipment 25fj reducing balance 15go reducing balance 20% straight line 12
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements {conlinued) Year ended 31 March 2024 Accounting policies (Coiitinued) Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated Mi_here Siich indicators exist. Where the carying value excpeds tIAe recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is p.r; possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverablts amount of the c(ASh- generating unit to which the assknt belon-s. The cash-generating unit is the smallest ideniifiable group of assets that includes the asset and generates cash inLlOWS that largely independent of the cash inflows from other ass=ts or groups of absets. For impairment testing of goodwill, the goodwill acquired iri a business combination is. from the acquisition date. allocated to each of the cash-generating units that are e%.pected to benefit from the syneigies of the combination, irrespective of whether other asset) or liabililies of the charity are aosigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual 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 measur- consideration expected to be paid or recknived and not discounted. at the cash or other Debt iristruments are subsequently meakvjured at amortised cost. whre inveSt.entS in shares are publicly traded or theii" lair value can cttherwise be measured reliably, 111.vestment is subsequently measured at fair value witli cb_anges in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments. including derivatives. are initially recognised at fair value. unless payiiient for an asset is deferred beyond normal business terms or financed at a rate of interest t4at is not a market rate. in which Lase the asset is measured at the present value of the future payments discounted at a .arket rate of interest for a sinhilar debt instrument. Other financial instruments are SLibsequently measured at fair value. with any changes recognised in the statement of i inancial activities, with the exception of hedging instrumenl 5 in a dcaiiFnated hedging relationship. 13
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2024 Accounting policies jcoiitiNuedJ Financlal instruments (coiit£nuÉd) Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of eacii reporling date. If there is objeclive evidence of impairmerii, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regdrdless of significance. and other financial assets that 4ire individuallii significant, Ihese are assessed indiviuually for impairment. Other fin<incial assets are either iissessed individuall), or grouped on the basis ot similar credit risk characteristics. Any reversals of impa1r_ent are recognised immediately. to the extent that the rever<al does not reslilt in a carrying amount of the fAAiancial 41ssel that exceeds what the carrying amount would have been had the impairment not previously been recognAi- Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period Én which the relatknd service is provided. Prepaid contributions are iecognised as an asset to the extent tb.at the prepayment will lead io a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 moiiths of the end of the reporting date in which the employees ren(ier the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is iecognised as an expense in the period in which it arises. Limited by guarantee The company is limÉted by gu2rantee and therefore does nGt have a share capital. In the elftent of a wiiding up the liability of the members is liinited to £1. Any surplus of assets remaining, following liquidatkon. will be dAtstributable to a charity or charities of ihe trustees, choosing. DonatlOJ121 ap.d legacies Llp.restricted Funds Restricted Total Funds Fundb 2024 Doiiations Asda Foundation ASCERT 100 100 14
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Donations and legacies (conliiiued) Unrestricted Funds Restricted Total Funds Funds 2024 Grants PH_A Grants Receivable FDC Grants Receivable Arts Council of NI Bryson Energy Department for CommuD.Tties Department for Health 141 ?77 1.200 142.477 8,350 120 3.723 1,680 120 3.723 1,680 141,497 14,953 156.450 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Asda Foundation ASCERT 400 400 Grants PHA Grants Receivable FDC Grants Receivable Arts Council of NI Bryson Eiiergy Department for Communities Department for Health 142,270 142,270 3,064 4,145 3,064 4,145 146,815 3,064 149,879 Other tr-ding activities Unrestricted Total Funds Unrestricted Total Funds Funds Funds 2023 Rent Received 433 433 6.413 6.413 Costs of raising donations and legacies Unrestricted Funds Restricted Totsl Funds Funds Wages and S-laries 5,562 770 6.332 15
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements Icontinued) Year ended 31 March 2024 Costs of raising donations and legacies (coiitiiiuedl Unrestricted Funds Restricted Total Funds Funds 2023 Wages and Salaries 4,240 4.240 Expenditure on charitable 4•Ctivities by Iund type Unrestricted Funds Restricted Total Funds Funds 2024 Activity iype I Support COii8 135,133 3,019 14,183 149,316 138,152 14,183 lJ2,335 Unrestricted Funds Restricted Total Funds Funds 2023 Activity type I Support costs 143.464 2.623 3,064 146,528 2,623 146,087 3,064 149,151 Expenditure on charitable activities by activity type Activities undertaken directly Qupport costs Total fun(is 2024 Total fund 2023 Actii'ity type I Govern-nce costs 149.316 149.316 3,019 146.528 2.623 3,019 149.316 3,019 152.335 149.151 10. Analysis of support costs Analysis of support Custs activity l Total 2024 Total 2023 Governance costs 3,019 3.019 2.623 16
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 11. Net (expenditure)lincome Net (expenditure)lincome is stated after charging/(crediting): 2024 2023 Depreciation of tangible iixed assets Fees payable for the audit of the fLnancial statements 1,874 300 1,751 300 12. Independent examination feeb 2024 2023 Fees payable to the indePndent examiner for: Independcnt examination of tlie financial statements 300 ioo 13. Staff costs T4e total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and saEaries Social security costs Employer contributions to pension plans 88,023 2.359 762 87,775 2,671 675 91,144 91,121 The average head count of eniployees during the year was 4 (2023: 4). The average number of full-time equivalent emplovees during the year is analysed as follows: 2024 2023 Number of staff - Administration Number of staff - Direct Staif iqo employee received emplojipe benetits of more :112n £60,000 during the year (2023.. Nil) 14. Trustee remuneration and expenses Iyo remuneration or other benefits from employment with Ine charity or a related enilty were received by the tru¢tees. 17
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 15. Tangible fixed assets Plant and Fixtures and machinery fittings Motor vehicles Total Cost At l April 2023 Additions 33,431 1,060 4.825 34.972 579 73,228 1,639 74,867 At 31 March 2024 24.491 4,825 35.551 Depreciation At l April 2023 cb.arge for the year At 31 March 2024 30.511 995 4,330 74 33.386 805 68,227 1,874 31.506 4.404 34.191 7U,101 Carrying amount At 31 March 2024 2,985 42 1.360 4,766 At 31 March 2023 2.920 495 1,586 5,001 16. Debtors 2024 2023 Other debtors 2.397 17. Creditors: amounts falling due within one year 2024 ?023 Bank loans and overdrafts Accruals and deferre(i T4cvme Sobial security and other taxes 258 4,304 4.068 1.681 4,562 5,749 18. Pensions and other post retire.=_t benefits Defined contribution plans The amount recognibed in income or exp.enditure as an expense in relatiun to defined con:ribution plans was L762 (2023: £675). 18
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 19. Analysis 0¢ charitable funds Unrestricted funds At 31 March 20 At ! April 2023 Income Experiditure General funds 50,839 141.930 (143.714) At 31 March 202 At l April ?0£2 Income Expenditure General funds 47.938 153.228 (150.2?7) 50,839 Restricted funds At 31 March 20 24 At l April 2023 Income Expenditure Rknstricted Fund l - desc in alcs 14.953 (14.9q3) At 31 March 202 At l April 2022 Income Expenditure Restricted Fund l - desc in alcs 3,064 (3.064) 19
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (contiTnued) Year ended 31 March 2024 20. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed asseis Current assets Creditors less than I vear 4.706 48.851 (4,562) 49.055 4.766 48.851 (4,SA2) 49.055 Net assets Unrestricied To'Lal Funds Fii11ds 2023 Tangible fixed assets Current assets Creditors less thali l year Net assets 5,001 51,587 (5, 149) 50,839 5,001 51,587 (5,749) 50,839 21. Financial instruments The carrying amount for each category of financial instrument is as follows: 2024 2023 Financial assets that are debt instruments measured at dmortised cost Financial asse.ts that are debt instruments meiLsured at amortised cost 48,851 51,587 Financial liabilities measured at ortised cost Financial liabilities nieasured at amnrtised cost (4,i62) 20