South East Fermanagh Foundation
Statement of Financial Activities for the year ended 31 March 2023
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
Funds
2023
Total
Funds
2022
INCOMING RESOURCES
Donations
Grants Released
Bank Interest
Charity Shop Sales
Insurance Claim
HM Revenue & Customs- Gift Aid
79,269
79,269
17,444
321
34,924
5,498
2,063
41,207
17,986
385
17,444
321
34,924
5,498
2,063
Activities in furtherance of
the organisations objectives:
Granls
1,599,917
1,599,917
1,257,056
Totsl Incoming Resources
122,075
1,617,361
1,739,436
1,316,634
RESOURCES EXPENDED
Administration expenses
Net Incomel(Expenditure) for the year
63,609
1,632,175
1,695,784
43,652
1,284,965
58,466
114,814)
31,669
Transfers between funds
Net Incomel(Expenditure) for the year
58,466
114,814)
43,652
31,669
Transfers inl(out) of Reserves
Reconciliation of Funds
Total funds brought forward
155,156
(3,562)
151,594
119,925
Totsl Funds to Carry Forward
213,622
18,376)
195,246
151,594
All amounts above relate to continuing operations of the charity.
The charity has no r6rognised gains or losses other than those included in the results above and therefore no
separae statement of total reccynised gains and losses has been presented.
26

South East Fermanagh Foundation
Statement of Financial Position as at 31 March 2023
Employment of Capital
Notes Unrestricted Restricted
Funds
Funds
2023
2023
Total
Funds
2023
Total
Funds
2022
Fixed Assets
Tangible Assets
4,310
75,984
80,294
79,817
Current Assets
Debtors and Prepayments
Cash at Bank and in Hand
1,821
89,137
16,751
156,517
18,572
245,654
148,205
Current Liabilities
Creditors.. Amounts due within one year
88,075
88,075
20,841
Net Current Assets
90,958
85,193
176,151
127,364
Total Assets Less Current Liabilities
95,268
161,177
256,445
207,181
Provisions for Liabilities and Charges
Deferred Income - Capital Grants
161,199)
(61,199)
155,587)
Net Asset3
95,268
99,978
195,246
151,594
Funds
Unrestricted Funds
Restricted Funds
213,622
{18,376}
195,246
155,156
(3,562)
151,594
The financial statements were approved by the Directors and aulhorised for issue on 22 November 2023
and signed on their behalf.
Mr E Brown
Director
Date
Mrs S Haire
Director
Date
The notes on pages 22- 26 form part ol these a¢¢ounls.
27

South East Fermanagh Foundation
Notes to the financial statements for the year ended 31 March 2023
1. Principal accounting policies
The financial statements have been prepared in accordance with applicable Accounting Standards. A summary
of the more important accounting policies is sel out below.
Basis of preparation of financial statements
The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charrties.,
Stalemenl af Recommended Practice applicable 10 charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151
{Charilies SORP IFRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 and the Companies Act 2006. South East Fermanagh Foundation meets the definition of a public
benefit eniily under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value
unless otherwise stated in the relevant accounting policy,
Reconciliation with previous Generally Accepted Accounting Practice
In preparing these accounts. the Directors have considered whether in applying the accounting policies required
by FRS 102 and the Charities SORP FRS 102 the reslalemenl of comparative items was required.
aving considered the key accounting policies il was determined thai the prior year figures were not materially
impacted. As such, no reslalemenl of comparative figures was required.
Incomlng resources
Voluntary income or capital is included in the Slalemenl of Financial Activities when the charity is legally enlilled
to it, ils financial value can be quantified with reasonable certainly and there is reasonable ceriairnly of ils
ultimate receipt. Enlillemenl lo legacies is considered established when the charity has been notified of a
distribution 10 be made by the executors. Income received in advance of due performance under a conlr&l is
accounted for as deferred income until earned. Grants for activities are recognised as income when the related
conditions for legal enlillemenl have been mel. All other incorne is accounted for on an accrual basis.
Resources Expended
All resources expended are ￿CoUnted for on an accrual basis. Charitable activities include costs of services and
grants, support costs and depreciation on related assets. Costs of generating funds similarly include fundraising
aclivilies. Non - staff costs not aiiribuied lo one category of activity are albcaled or apportioned pro-rala lo the
staffing of the relevant service. Finance, HR, and adminislraiive staff costs are directly attributable to individual
activities by objective. Governance costs are those associated with Conslilutional and slalulory requirements.
Restricted Funds
Reslricled funds are accounted for in ￿CordanCe with the particular terms of trust arising from the express or
implied wishes of the donors in so far as these are intended lo be binding on the charity. Where such wishes are
not intended lo be binding, they are taken into account and recognised in appropriately designated funds,
Unrestricted Free Reserves
Free Reserves represent amount which are expendable ai the discretion of the trustees in furtherance of the
objectives of the charity and which have not been designated for any other purpose. Such funds may be held in
order to finance working capital or capital expenditure.
28

South East Fermanagh Foundation
Tangible fixed assets
Depreciation is calculated so as to write off the cost of tangible fixed assets less their estimated residual values,
over the expected useful economic lives of the assets concerned. The principal annual rates and base5 used for
this purpose are..
Polytunnels
Plant and machinery
Fencing and equipment
25
Straight Line Basis
Reducing Balance Basis
Slraighl Line Basis
25
10
Government grants
Grants that relate to specrfic capital expenditure are Irealed as deferred income, wh￿h is then CTediled lo the
profil and loss account over the related asset's useful life. Revenue grants are credited lo the profil and loss
account in the same period as the related expenditure is incurred.
2. Auditor and Independent Examiner Payments
2023
2022
Auditors Remuneration - audit of the financi21 statements
600
600
3. Staff Costs
2023
Number
2022
Number
Employee Numbe
40
40
36
36
2023
2022
Staff costs (for the above persons)
Wages and salaries
Social Security
Pension Contributions
789,699
75,075
44,080
908,854
633,394
68,556
35,711
737,661
No employee received remuneration of more than £60,000 in either year.
29

South East Fermanagh Foundation
4. Tangible Fixed Assets
Plant and
machinery
Fencing and Computer
equipment
equipment
Total
Cost
Al 1 April 2022
Additions
Disposals
At 31 March 2023
95,516
39,362
24,251
23,056
159,129
23,056
95,516
39,362
47,307
182,185
Depreciation
Al 1 Apnl 2022
Charge
Disposals
At 31 March 2023
59,660
8,963
13,270
3,383
6,382
10,233
79,312
22,579
68,623
16.653
16,615
101,891
Net Book Value
At 31 March 2023
26,893
22,709
30,692
80,294
Al 31 March 2022
35,856
26,092
17,869
79,817
5. Debtors
2023
2022
Funding Grants
Sundry Debtors
16,751
1,821
18,572
6. Creditors; amounts falling due within one year
Sundry Creditors and Accruals
2023
2022
Bank overdraft
Accruals and deferred income
6,818
14,023
20,841
88,075
88,075
30

South East Fermanagh Foundation
7. Deferred income
2023
2022
Capital Grants
Al1 April 2022
Received and Receivable
55,587
23,056
78,643
{17,444)
61,199
73,573
73,573
(17,9861
55,587
Released in year
As ai 31 March 2023
8. Taxation
2023
2022
United Kingdom corporation tax at190/
Current
9. Movement in Funds
At the
Movement
0110412022 In Funds
Transfers
I￿{OUt)
Transfers
In Fundj
At the
3110312023
Unrestricted Funds
General Funds
155,156
58,466
213,622
Restrfcted Funds
Reslricled
13,5621 114,8141
(18,376)
Total Funds
151,594
43,652
195,246
31

South East Fermanagh Foundation
10. Net Movement in Funds, included in the above are follows:
Incoming
Resources
Resources
Expended
Movement
in Funds
Unrestrlcted Funds
General Fund
122,075
163,609)
58,466
Restricted Funds
Reslricled
1,617,361
11,632,175)
114,814)
Total Funds
1,739,436 (1,695,784)
43,652
11. Trustees, Remuneration and Benefits
There were no Trustee's remuneration, benefits or loans made during the year ended 31 March 2021.
One or more of the Trustees have been reimbursed for approved expenses incurred in connection with the
Charity as detailed below..
2023
2022
Total Amount Paid
Number ofTruslees Reimbursed
All of the above payments relate lo the reimbursement of travel costs in order lo carry out the chaiily's
obieciives.
12. Contingent Liabilities
A portion of Grants received may become repayable rf the company fails lo comply with the terms of ils letters of
offer.
32

South East Fermanagh Foundation
The following pages do not fomi part of the statutory accounts
Detailed Statement of Financial Activities for the year ended 31 March 2023
Unrestricted
Funds
2023
Restrlcted
Funds
2023
Total
Funds
2023
Total
Funds
2022
INCOMING RESOURCES
VSS Grants
Donations l Event Contributions
Ulster Scots Agency
Small Grants
Peace IV Grants
Central Good Relations Grants
Membership Monies
Charity Shop Sales
Community Foundation Grants
Insurance Claim
HM Revenue & Customs. Gift Aid
Bank Interest Receivable
966,989
966,989
64,552
6,506
9,398
606,380
5,680
14,717
34,924
4,964
5,498
2,063
321
1,599,917
1,721,992
17,444
17,444
TT75 7fsor 1,739,436
17,
571,986
31,832
4,355
9,050
634,607
33,058
9,375
64,552
6,506
9,398
606,380
5,680
14,717
34 924
4,964
4,000
5,498
2,063
321
122,075
385
1,298,648
Grants Released
17,986
Total Incoming Resources
33

South East Fermanagh Foundation
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
Funds
2023
Total
Funds
2022
EXPENSES
Wages and salaries
Pension contributions
Staff Training
Project costs
Rent
Insurance
Light and heal
Walei rates
Cleaning
Repairs and maintenanGe
Piinling, postage and siaiionary
Advertising
Telephone
Computer expenses
Travelling
Professional fees
Accountancy
Audit
Leasing
Bank interest and charges
General expenses
Donations
Subscriptions
Depreciation on plant and machinery
Depreciation on Computer Equipment
Depreciation of fencing and equipment
Total Expenses
Net {Expenditurelllncome for the year
859,174
43,370
1,751
510,308
27,286
2,841
10,906
323
859,174
43,370
1,751
517,845
34,764
2,841
13,006
533
2,320
10,606
12,904
30,373
12,904
7,061
100,835
3,369
5,096
600
5,533
1,503
3,676
2,187
954
8,983
10,233
3,383
{1,695,784)
701,950
35,711
7,537
7,478
368,084
32,535
1,894
8,409
2,100
210
2,320
10,606
12,904
1,932
1,335
7,626
5,591
32,200
5,591
14,323
34,855
28,441
12,904
7,061
91,942
8,893
3,369
5,096
3,070
600
5,994
289
2,057
425
582
11,952
5,956
3,936
11,284,965)
31,669
600
5,533
979
3,121
524
555
2,187
954
1,200
240
7,763
9,993
3,383
11,632,175)
163,6091
58,466
114,814)
43,652
34