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 2025 DDEN DOLAN 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 2025 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 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 2025 The trustees, who are also the directors for the purposes of company law, present theii report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and administrative details Registered charity name Fermanagh Under-Age Entertainment Life (F. U. E. L) Charity registration number 100216 Company registration number N1606140 Principal office and registered 27c East Bridge Street office Enniskillen Co Fennanagh BT74 7BW Northern Ireland The trustees Cathy Scott-moore Frankie Dean Katrina Armstrong Ciai'a BalfouT Gwyneth Blair Nuala O'Toole Christine Burke (Resigned 29 July 2025) (Resigned l October 2025) (Appointed 29 May 2025) (Appointed 29 May 2025) Catherine Crudden Ciudden Dolan Ltd 23-25 Darling Stieet Enniskillen Co Fernlanagh BT74 7DP Independent examlner Structure) governance and management The org)iSation is run by committee. There is l employee who is responsible for the daily administration of the charity.
Fermanagh Under~Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) fconllnued) Year ended 31 March 2025 Objectives and activities The objectives of the charity and its rnain activities are as follows: l To benefit young people by offering education, 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 -.nd authorities by advancing education. preserving and protecting health (mental & sexual as well as physical) and providing facilities in the interests of social well-being for recreation and leisure with the aim of improving the conditions of young people and the populaiion in general. The Charity shall have a special responsibiIity of of promoting and provAding facilAties for young people aged from eleven to twenty five years of age (inclusive) in County Fennanagh. And in particular by.. Promoting a forum for young people so that they may identify and work together on issues and needs affecting their lives and work with organisations which aim to serve their needs. ii) Facilitating thc active participation of young people in the charity's facilities and wider society by identifying their needs and concerns, and planning and executing pro-active practical solutions to meet these needs and concerns. thereby fostering an appreciation of the responsibilities of citizenship in a multi-cultural society and the democratic process. iii) Organising regular events for young people and a youth hub for young people aged over twelve and under eighteen y¢ars(the "Facility Users") iv) Operating a transparent, inclusive and fair working ethos with young people. Working in co-operation with other individuals, groups and authorities in achieving the Charity's objects. 2 The relief of those in need by reason of youth by providing: Safe, cross community after school FUEL youth hub in Enniskillen(designed with input from the Facility Users). Hioh quality alcohol and drug free entertainment (organised in partnership with the Facility Users) for those aged over twelve and under eighteen yeais in a relkoiously and politically neutral venue in Enniskillen iii) Where appropriate, counselling and other services identified with input from the Facility Users to be provided in the FUEL youth hub. iv) A youth inforniation and advice service and other support services for young people aged from eleven to twenty five years of age(inclusive)' Resources. training, development and networking opportunities with other similar projects to meet the needs of the Facility Users to equip them with the appropriate skills and confidence to enable them to contribute to the running of the Charity'5 facilities.
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (eontlnued) Year ended 31 March 2025 Strategic report The following sections for achievements and performance and financial review fonn the strategic report of the charity. Achievements and perforniance Fennanagh Underage Entertainment Life has now evolved into two main identities - The FIND CENTRE aiid The HANG OUT SPACE. The FIND CENTRE - Fermanagh Information Needs and Development is a One-stop Shop based in Eiiniskillen and cat¢ring to the whole of Fermanaoh. 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 for l 1 25 year olds. This is supported by qualified and trained staff who are able to signpost and provide supported referrals to the appropriate organisations to match the needs of the individuals. Deliveriiig and WOTking in partiiership 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 employabiIity. These topic areas not exhaustive. The FIND CENTRE provides accessible counselling space and meeting looms to other partners. The HANG OUT SPACE - is a free neutral safe space for young people to socialise in out of school hour5. Facilities include gaming systems, pool tables, air hockey, table tennis, table football and darts. There is monitored wi-fi and computer facilities to aid with homework. This area is supported by qualified and supportive staff at all times. When the HANG OUT 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 others to 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 largeT useable space with additional pods, accommodating a wider variety of activities and community groups within the centre. Financial 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.
Fermanagh Under.Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Trustees, Annual Report {Incorporating the Director's Report) (contlnugd) Year ended 31 March 2025 The trustees, annual report and the strategic report were approved on 2 October 2025 and signed on behalf of the board of trustees by.. 00e. Cathy Scott-moore Trustee Nuala O'Toole 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 2025 I report to the trustees on my examination of the fInancial statements of Fernianagh Under-Age Entertalnment Life (F. U. E. L) ('the charity,) for the year ended 31 March 2025. Responsibfilities and basis of report As the charity trustees (and also the directors of the cojnpany for the purposes of company law) you are responsible for the preparation of the accounts in a¢¢ordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, il is my responsibility to: examine the accounts under section 65 of the Charities Act • follow the procedures laid down in the general Directions given by the Charity Conunission tor Northem Ireland under section 65(9)(b) of the Charities Act whether particular matters have corne to my attention. Independent examiner's statement state
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Independent Examiner's Report to the Trustees of Fermanagh Under.Age Enlertainment Life (F. U. E. L) (contlnued) Year ended 31 March 2025 I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual item5 or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requireinents of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recon)mended Practice CCNI ARR07 - supportin(T document 7 August 2016 applicable to charities preparing their accounts in accoTdance with the Financial Reporttng Standard applicable in the UK and Republic of Ireland. 4. That there is further information needed for a proper understanding of the accounts to be reached. I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and. in connection with followiiio the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Catherine Crudden Crudden Dolan Ltd 3 cjtskkn Independent Examiner 23-25 Darling Street EDniskillen Co Fennanagh B T74 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 2025 2025 Unrestricted Restricted funds funds Total funds Total funds 2024 Note Income and endowments Donations and legacies Other trading activities Total income Expenditure Expenditure on raising funds: Costs of raising donations and legacies Expenditure on charitable activities Total expenditure 142,400 500 8,964 151,364 500 156,450 433 14? 900 8,964 151,864 156,883 5,319 151.999 5.319 160.963 166,282 8,964 8,964 6,332 152,335 158,667 157.318 Net expenditure and net movement in funds (14,418) {14,418) (1.784) Reconciliation of funds Total funds brought forward Total funds carried forward 49.055 34,637 49.055 34,637 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 50,839 49.055 The notes on pages 10 to 20 forrn part of these flnancial statements.
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets 15 7,006 4,766 Current assets Debtors Cash at bank and in hand 16 2,397 46,454 48,851 31,238 31,238 Creditors: amounts falling due within one year Net eurrent assets 17 3,607 27,631 4,562 44,289 Total assets less current liabilities 34,637 34,637 49,055 49,055 Net assets Funds of the charity Unrestricted funds 34,637 34,637 49,055 49,055 Totsl charity funds 19 For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 TcRating 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 accounting records and the preparation of financial Statements. These financial statements have been prepared in accordance with the provisions applicable to ¢ompanie5 subject to the small companies. regime. The statement of financial position continues on the following page. The notes on pages 10 to 20 form part of these financial statements.
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Statement of Financial Position (contlnued) 31 March 2025 These financial statements were approved by the board of trustees and authorised for issue on 2 October 2025, and are signed on behalf of the board by: Cathy Scott-moore Trustee luala O'Toole Trustee The notes on pages 10 to 20 form part of these flnancial statements.
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 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 England and Wales. The address of the registered office is 27c East Bridge Street, Enniskillen, Co Fermanagh, BT74 7BW, Northern Ireland. ststement of compliance 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 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)} and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basi5, as modified by the revaluation of certain financial assets and liabilities and investment propert1¢5 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 aboul the charity's ability to continue. Disclosure exemptions The entity satisfles 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 detail). As such, advantage has been taken of the following disclosure exemptlolls available under Pagraph 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 uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estitnates 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 circumstaiice5. 10
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements {¢ontlnued) Year ended 31 March 2025 Accounting policies (eonlinNed) Fund accounting Unrestricted funds are available for use at the discretion of ihe tNstee5 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 expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity. it is probable that 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 entitlemeiit is established. income from 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 faciIities 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 the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent oil a particular purpose and returned if unspent, in which case it may be regded as restricted. 11
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2025 Accounting pojicies {COlllini¢d) Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully iEcovered, and is ¢lassifLed under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on Charitable activities includes all costs incurred by a charity in undertthng activities that further its charitable aims for the benefit of its benefjciaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for 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 activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carTied at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carying amount of an asset as a result of a revaluation. 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 Caing amount of an asset as a result of revaluation, is Tecognised in other recognised gains and 105ses, 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 ac(ivities. Depreciation Depreciation i5 calculated so as to write off the cost or valuation of an asset, le5S Its residual value, over the useful economic life of that asset as follows: Furniture & Equipment Intrnal Fixture5 and fittings Computer Equipment ?51% reducing balance Is0 reducing balance 20% straight line 12
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Accounting policies (coitlinNed) Impairment of fixed assets A review for indicators of impairmenl is carried out at each reporting date, with the recoverable amount beiiig estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prioi impairments are also reviewed for possible revei'sal at each reporting date. For the purposes of inipaii-ment 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 asset belongs. The cash-generaung unit is the smallest identifiable group of assets that includes the asset and geiierates cash Inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the 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 assets or liabilities of the charity are assigned to those units. Finaneial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contracthal provisions of the instrument. Basic financial instrumeiitb are initially recognised at the amount receivable OT payable including any related transaction Gosts. Current assecs and euLTeiit liabilities are subsequei)tly measured at the cash or other consideration expected to be paid or received and not discounted. Debi insfruments are subsequently measured at amortised cost. Where investments in shares are publicly ti-aded or their fair value can otherwise be measured reliably. Ihe investment is subsequently measured at fair value with Changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other fiiiancial instruillents, including derivatives, are initially iecognised at fair value, unless payment for an asset is Ileferred beyond normal business teims or financed at a rate of interest that is not a market rate. in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hed(ving relationship. 13
Fermanagh Under-Age Entertalnment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements Iconllnued) Year ended 31 March 2025 Accounting policies (coiilinited) Financial instruments {cOnli11¢d) FinancÉal 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 impaiTment, an impainnent loss is recognised under the appropriate heading in the statement of financial activities in which the 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 credit risk characteristics. Any reversals of impairment are recognised immediately. to the extent that the reversal does not result in a caTrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not Previously been iecognised. Defined contribution plans Contributions to defined contribution plans aTe recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a Teduction 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 Tender the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it lseS. Limited by guarantee The company is limited by guarantee and therefore does not have a share capitaE. In the event of a winding up th¢ liability of the members is IiTnited to £1. Any SUluS of assets remaining, following liquidation, will be distributable to a charity or charities of the trLlStees' choosing. Donations and legacies Unrestricted Restricted Total Funds Funds Funds 2025 Donations ASCERT 14
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuedJ Year ended 31 March 2025 Donations and legacies (conliiiiied) Unrestricted Funds Restricted Total Funds Funds 2025 Grants PHA Grants Receivable Arts Council of NI Bryson Energy Department for Communities Department for Health University of Ulster 141.850 141,850 8,964 8,964 550 550 142,400 8,964 151,364 Unrestricted Funds Restricted Total Funds Funds 2024 Donations ASCERT 100 100 Grants PHA Grants Receivable Arts Council of NI Bryson Energy Department for Communities Department for Health University of Ulster 141,277 1,200 8.350 142,477 8,350 120 3,723 1.680 120 3,723 1,680 141.497 14,953 156,450 Other trading activities Unrestricted Total Funds Ui)restricted Total Funds Funds 2025 Funds 2024 Rent Received 500 500 433 433 Costs of raising donations and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Wages and Salaries 5,319 5,319 15
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 Costs of raising donations and legacies (tonliiiiied) Unrestricted Funds Restricted Total Funds Funds 2024 Wages aDd Salaries 5.562 770 6,332 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Totsl Funds Funds 2025 Activity type I Support costs 149,309 2,690 151.999 8,964 158,273 2,690 160,963 8,964 Unrestricted Restricted Total Funds Funds Funds 2024 Activity type I Support Costs 135,133 3,019 14,183 149,316 3.019 138.152 14.183 152.335 Expenditure on charitable activitiEs by activity type Activities undertaken directly Support costs Total funds 2025 Total fund 2024 Activity type I Governance costs 158.273 158,273 2,690 160.963 149,316 3.019 152,335 2,690 2,690 158.273 10. Analysis of support costs Total 2025 Total 2024 Governance costs 3,019 16
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements (conilnued) Year ended 31 March 2025 11. Net expenditure Net expenditure is stated after Chging/(Crediting)'. 2025 2024 Depreciation of tangible fixed assets Fees payable for the audit of the financial statements 2.577 300 1,874 300 12. Independent examination fees 2025 2024 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 follows: 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 97,980 3,394 998 88,023 2,359 762 102,372 91,144 The average head count of employees during the year was 3 (2024: 4). The average number of full-time equivalent employees during the year is analysed as follows: 2025 2024 No. Number of staff - Administration Number of staff - Direct Staff No employee received employee benefits of more than £60,000 during the year (2024., Nil). 14. Trustee remuneration and expenses No remuiieTation or other benefits from employment with the charity or a related entity were received by the trustees. 17
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statemenls Icontlnued) Year ended 31 March 2025 15. Tangible red assets Plant and Fixtures and machinery fittings Motor vehicles Total Cost At l April 2024 Additions 34,491 4,825 35,551 4,817 74,867 4,817 79,684 At 31 March 2025 34.491 4,825 40,368 Depreciation At l April 2024 Charoe for the year At 31 March 2025 31,506 746 4,404 63 34,191 1,768 70,101 2,577 3?,252 4,467 35,959 72.678 Carrying amount At 31 March 2025 2,239 2,985 358 4,409 1,360 7,006 At 31 March 2024 421 4,766 16. Debtors 2025 2024 Other debtors 2,397 17. Creditors: amounts falling due within one year 2025 2024 Bank loans and overdrafts Accruals and deferred income Social secutity and other taxes 49 3,292 266 258 4,304 3,607 4,562 18. Pensions and other post retirement benefits Defined contrhbution plans The amount recognised.in income or expenditure as an expense in relation to defined contribution plans was £998 (2024: £762). 18
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Notes to the Financial Statements {conllnued) Year ended 31 March 2025 19. Analysis of charitable funds Unrestricted funds At 31 March 20 25 At l April ?024 Income Expenditure General funds 49,055 142,900 (157,318) 34.637 At 31 March 202 At l April 2023 Income Expenditure General funds 50.839 141,930 {143,714) 49.055 Restricted funds At 31 March 20 25 At l April 2024 Income Expenditure Restricted Fund l - desc in alcs 8,964 (8,964) At 31 March 202 At l April 2023 Income Expenditure Restricted Fund I - desc in alcs 14.953 (14,953) 19
Fermanagh Under-Age Entertainment Life (F. U. E. L) Company Limited by Guarantee Noles to the Financial Statements (conlinued) Year ended 31 March 2025 20. Analysis of net assets between funds Unrestricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than l year Net Sets 7,006 31,238 (3.607) 34,637 7,006 31,238 (3.607) 34.637 Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditor5 less than l year Net assets 4,766 48,851 (4,562) 49,055 4,766 48,851 (4.562) 49,055 21. Financial instruments The carrying amount for each category of financial instrument is as follows.. 2025 2024 Financial assets that are debt instruments measured at amortised cost Financial assets that ate debt instruments measured at amortised cost 31,238 48,851 Financial liabilities measured at amortised cost Financial liabilities measured at amortised cost (3.607) (4,562) 20