ASSOCIATION OF FRIENDS OF FERMANAGH COUNTY MUSEUM
RECEIPTS & PAYMENTS ACCOUNT - STATEMENT OF FINANCIAL ACTIVITY
FOR THE YEAR ENDED 31 DECEMBER 2023
Restricted Unrestricted
Funds
Funds
2023
2023
Total
2023
Total
2022
Income
Donations
Membership Subscriptions
Bank Interest received
Gift Aid
Fern]anagh & Omagh District
Council - Refund
350
1,407
144
350
1407
144
350
960
26
88
xpenditure
BAFM Membership
Bank Fees
Accountancy
393
37
54
484
393
37
54
484
400
30
720
Net Income (Expenditure) for the year
3,417
3,417
274
Total Funds brought forward
Total Funds carried fonvard

ASSOCIATION OF FRIENDS OF FERMANAGH COUNTY MUSEUM
STATEMENT OF ASSETS AND LJABILITIES
FOR THE YEAR ENDED 31 DKCEMBER 2023
At Incoming
l Jan 2023 Resources
Outgoing
At
At
Resources 31 Dec 2023 31 Dec 2022
Funds Reconciliation
Restricted Funds
Unrestricted Funds -
General Funds
484
Total Funds
Bank and Cash Balances
Bank Deposit Accounts
Bank Current Account
Cash in Hand
12,096
7.914
11,916
4,983
16
Other Assets (Unrestricted Funds)
Monies owed to Fermanagh County Museum
The financial statements were approved by the Board of Trustees on 23 October 2023 and were
signed on its behalf by:
Mr Samuel Robinson - Trustee

ASSOCIATION OF FRIENDS OF FERMANAGH COUNTY MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
I. ACCOUNTING POLICIES
Income & Expenditure recognition policy
Income and expenditure included within the Receipts and Payments Account have been
accounted for on a cash receipts basis.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and services to its beneficiaries. It includes both costs that can be allocated directly
to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion
of the trustees.
Restricted funds can only be used for particular restricted purposes within the objccts of the
charity. Restrictions arise when specified by the donor or when funds are raised for
particular restricted purposes. Further explanation of the nature and purpose of each fund is
included in the notes to the financial statements.
2. TRANSACTIONS WITH THE TRUSTEES
There were no transactions with the Trustees during the year.