COMPANY REGISTRATION NUMBER: N1031485 CIIARITY REGISTRATION NUMBER: 100595 F.A.C.T IFrlendship and Carln Compjny Limlted by G Trust) Llmlted arantEe Report and Flnanclal S Year endlng 31 Octo tements r 2024
F.A.C.T (Frlendshlp and Carln Company Lirnitéd by G Trust) Limlted arantee Contents Pa8 Year ended 31 Odob r 2024 Trustees Annual Report Independent Auditors Report Statement of Financial Activities Statement of Flnancial Positlon Notes to the Accounts 10-20
FA,C.T (Frlendshlp and Carln Company Limited by G Trust) Umlted arantee Reference and administ Year ended 31 Octob Ive detsils r 2024 Charlty Number NIC100595 The charity is constituted as as perthe Memorandum of company limited by guarantee ssociation Reglstered Number N1031485 Re8lstered Office Barnlee Residenti31 Home 37 Lisnaskea Road Barnhill Lisnaskea Co. Fermanagh Audltors M3cNeary Rasdale & Co. Lt Wellington House 30 Darling Street Ennisklllen Co. Fermanagh Bankers Bank of Ireland 141 Main Street L15naskea Ca. Ferman3gh Sollcitors W Neil Ferguson 102 Main Slreet Lisnaskea Co. Fermanagh
F.A.C.T IFriendshlp and Carln Company Limited by G Trust) LlmSted arantee Trustees Annual Report {Incorporatl Year ended 31 Octob the Directors Report) r 2024 The Directors are pleased to present their annual report and the'financial statements of the charity for the year ended 31ST Ociobei 2024. The directors have adopted tne provislons otihe Sidlemeni of "Accounting and Reportin£ by Charities" in preparing the annual charity. commended Practict (SORP) report and financial statements of the Dlrertars & Senlor Staff members The dlrectors of the charitable company (the charlty) are its tru throughout this report are collectively referred to as the Oirect ees for the purpose of charlty law and The dlrectors serving during the year and since the year end we e as follows.. Dlrectors Mrs Una Lindsay (Chairpers Mrs Ruth Hlll Ivlce-chairpe Mrs Carmel fvlagulre (Secre Mr Jurgen Hoogerboord (Tr Miss Siobhan Maguire IAssi tV15 Mary Burke son) aryl 3surer) ta nt Treasurer) Special Advisors to the Board Mr Tommy Gunn Senlor Staff Members Mrs Geraldine O'Neill (Hea Mrs Nuala Wardman (Fina of Homel e Officer) Other Assotlated Bodles Choice Housin8 Association RaiA. Monltorlng & Inspe 8usiness Partner, 37-41 May St, 8elfast on, 5 Lanyon Place. Belfast, 8T1 38T
F.A.C.T. IFnendshlP and carlng T Company Limlted by Gua 5t] Llmlted ntee Statement of Financlal Artlvitles {includlng inco Year ended 31 October e and expendlture account) 24 2024 2023 Restrlcted Unrestrlcted Restrlcted funds funds fvnds Unrestrlrted funds Note Income and endowments Donations and legacles Charitable activitie5 Investment Income Other Totsl Income 2.81x1 1,489,9 6,34 33.125 1,600 1,466,792 1,520 1,499.08 33,125 1,469,912 Expenditure Expenditure on rèlslng fu nds: Costs of ralslne donatlons and legacles Expenditure on charitable activities Total expenditure 1,294.02 1,294,02 1,245,329 1,245,329 Net Incornelldeflcit) 205,05 33,125 224,583 other recognised gains and losses Other g3ins/(lossesl Net movement in fvnds 205,05 33,125 224,583 Reconclliatlon of funds Release of dpferred income provlslon i Ot31 iiifids bruiisPIt foi bYOI Total funds carrled forward IG 16 38 1,556 43 33,125 1,351381 The statement of financial adivities includes all gains and losse and expenditure derive fron) continuln8 activities. recogni5ed In the year. All incame
F.A.C.T. (Frfendshlp and Carin Company Limited by G Trust) umited arantee Statement of Financial Year ended 31 Ortob osltion 2024 2024 Unrestrl¢tednotal 2023 Unrestrlrtedrfotal Flxed assets Tangible fixed assets 13 590.656 388,500 Current aetS Debtors Cash at bank and In hand 14 19,337 1.067,008 1.086,345 17,982 1,017,732 1,035,714 Creditors: amounts faiiihg due within one year 15 87A43 72,833 Net current assets 998,902 962,881 Totsl assets less Current Ilabilltles 1,589,558 1,351,381 Credltors.. amounts falllng due after rnore than one year Net a55et5 1.589,558 1,351,381 Funds ol the tharlty Restricted funds Unrestricted f unds: De5i6nzted funds Other unrestricted income funds Total unrestricted funds 16 625,000 964,558 1,589,558 625.000 726,381 1,351.381 16 Total charlty fiinds 17 1.589,558 1,351,381 These financial statements have been prepared in accordance applicable to companies subject to the small companies, regime th the provisions
FA.C,T. (Frlendshlp and Carln Company Limited by G Trustl Limlted arantee ststement of Flnancial Posltl Year ended 310rtob n l¢ontlnuedJ r 2024 These financial statements were approved by the board of trust 2025. and 3re siened on behalf of the board by- es and 3Uthorised for issue on 28 Au£u5t Mr J Hoogerboord Trustee Mrs U Lin Trustee say
F.A.C.T. {Frlendshlp and Carlng Tr Comparw Limited by Guar 5t) Umrted tee Notes to the Financial State Year ended 31 October 2 ents 24 l. General Informatlon The charity 15 a private compdny limiteo Dy 8uaraniee, regisieTeo in f¥ charity In Northern Ireland. The address of the registered office 15 37 Co. Fermanogh. rtnef n ireian(i ang a regisierea snaske3 Road, Barnhill, Li5naskea, 2. Statement of compllan¢e These financial statements have been prepared in compliance with F Reporting Standard applicable in the UK and the Republic of Ireland., Practice applicable to charities preparin8 their accounts in accordanc Standard applicable In the UK and Republic of Ireland IFRS 1021 Ichar Charities Act 2011. 102, Yhe Financial he St2tement of Recommended wilh the Financial Reportin8 ies 50RP IFRS 10211 and wlth the 3. AcGourflns polldes 8asls of preparatlon The financial statements havè boen pr•parad L)n the historical cost b The charlty constitutes a public benefit entity as defined by FR5 102. The financlal statements are prepared in sterlln& which is the functio al currency of the entlty. Golna Concern The financial statements have been prepared on a going concern basl materlal uncertalntles exist. The trustees have considered the level o as the trustees believe thèt no fund5 held and the expected aL¥. l liv iJuuuvLed illLUIII o be able to continue as level vf illLUIITrV &?iIU fAy¥iidi LUT f IVI A& IIILsri iris li urii kli¥ 4UUiL Ig&JLII L and expendlture15 Suff icient wilh the level of reseNes for the charSty 1 80in8 concern. Jud&ements and key SOUf¢es of estlmatlon unortainty Th• pr•paratian of the f inan¢i)l £tAt@monts rpqulrÈ& management tn assumptlons that affect the amounts reported. These estimates and j alid dir uo>¥¢J' vii ¢XV¢i I¢iIL¢ 4ÉTd ui1iI lÉiLiuf>i, IfiiiiJdili8 eLt&lL1utI to be reasonable under the circumstances. Such estimates Include de of debtors. 2kg. judièmpnts, egtimates and dgements are continually revlewed ui i iiiuiv ¥verits t11 die u¥iie¥ed reclation, accruals and recoverability Fund accountln8 Unrestricted funds are available for use at the discretion ol the trust purpose5, s to further any of the charity's Designated funds are unrestrlrted funds earmèrked by the trustee5 f comrnitment. r part5cular future project or Restricted funds are subjected to restrictions on their expenditure d terms of an appeal, and fall into one of two sub-classes: restricted in lared by the donor ttr through the me funds or endowmentlunds. io
F.A.C.T. {Frlendshlp and Carln8 T Company Limiled by Guara stTr Umlted ee Notes to ihe Financlal Statements Year endod 31 October 2 continued) 24 Intomlng resourr85 All Incomina resources are included in the statemènt of financial activ the ch4rlty," it is probable that the economi¢ benefits a55Ptlatod with t charlty and the amount cèn be rellably méasured. The followln8 spec cateBories of income: ies when entitlement has passed to e transaction will f low to the c poliri4s are applled to particular Intnm8 from don3tlDns or grant% is recoenised when there15 evide 1> vi'uuUie ¢iiu ILJ dlTlUUlIt Ldri iiiedsui eu l-¥iidi)iy. e of entitlement to the gift, receipt legac¥ Income is reco8nlsed when receipt is probable and entitlernè t is establlshed. income from donated gDods is measured at the falr value of the go measure reliably, in which case the value is derived f rom the cost to value. Donated facilities and services are reco8nised in the accounts rellably measured. No amounts are Included for the contrlbutlon of s unless thls is impractlcal to hè donor or the estimated resale hen received If the value can be eneral volunteers. Income from contracts for the 5PplY of servlces Is recognised with This is classified as unrestricted funds unless there Is a contrattual r particular purpose and returned If unspent, in whlch case it may be e dellvery of the contracted service. qulrement for it to be spent on a e8arded as restricted. Government grant5 are recognised at the fair value of the asset rec recognised until there is reasonable assurance that the company wil attachlng to thern and the grants wlll be received. ved or receivable. Grants are not comply with the condltions Investment Incomellnterest Is recognised an receipt, Reiourc•s exp•nd•d Expenditure is recognised on an accruals basis as a Ilablllty Is Incurred cannot be fully recovered, and is ¢lossified under headings ol the stèt It relates,, Expenditurè includes any VAT which ment of flnanclal acclvities to whlch Ay¥ii¢Jilui ¢ uri F oi>iii¥ IufidJ illL1ud) LIIE LUJL) uf ull IuFTd i uiJiri& activities, and the sale of donated 8oods, expenditure on charit3ble activitles includes 211 costs incurred by a further its charitable aims for the benefit of its beneficiarie5, includi relating to the governance of the charity apportloned to ¢haritable arity in undertakin8 activitie5 that g those support CDStS 2nd costs rtlvlties. other expenditure includes al l expendlture that15 neither related to.ralsSn8 fund5 for the charlry nor parl of its expenditure on charltable activities. All ccst5 are allocated to expenditure categories reflecting the use of attribut2blÈ to a single activity are allocated directly to that activity. between the activities the¥ contribute to on a reasonable, justif iable he resource. Dlrect costs ared cost5 are apportioned nd consistent basis.
F.A.C.T. (Frlendshlp and CarlngT Company Limited by Guara st) Llmited tee Notes to the Fin?n¢ial Statements Year Ènded 31 Ortober 2 contlnued) 24 i an8ible 355ets Fixed a55ets {excludlng investments} are statèd at cost less accumulat d dèpreciatlon, Depreciatlon Depreciation is calculated so as to write off the cost or valuation of an the useful economic lrfe of that asset as follows.. asset, less its residual value. over Propertv Leasehold Improvement5 2% straight line 2% straight Ilne 15% straight Ilne 20% reducin8 balance Flxtures ènd flttlngs Motor Vehlcles ImDalrment ol Assqts A revlew for Indlcators of Impairmeni Is carried out al each reportlng bein8 estlmated wherè such Indlcators exlst. Where the carrylng valu the a5gQt Is impalred accordln8ly. Prlor impairments are also revlewe reportln8 date. ate, with the recoverable amount exceed5 the recoverable amount, for possible reversal at each Debtors and Credftors A financial asset or a financlal liability Is recognised only when the to contractual provlslons uf the instrument. Basic flnancial instruments prlee. pany betomes a party to the re recognised at the transaction Pension The company operates a defined contribution scheme for the beTrefi Pdydble die ieLu¥fii5ed iri ine piulil dllli105b dCCUUIIL svlieri uue. of its employees. Contributions op•ralln8 lèase Lease payments are recoEnlsed a5 an expense over the lease term o benefit of lease Incentives Is recognised as a reduction to expense o b8SIS. strgi8ht-Ilne basi5. The è85regate r the lease term, on a straight-llne The charlty ha5 been granted charltable tax exemption by H M Reve e & Customs. 12
F.A.C.T, (Friendshlp and CarlngT Company Limlted by Guara st) Llmlted tee Notes to the Flnancial siatements Year ended 31 October 2 contlnuedl 24 . iimireii by Buarantee F.A.C.T IFriendshlp and Carlng Tru511 Llmlted is a company Ilrnited bv not have o share capital. arantee and accordlngly does Every member of the company undertakes to contribute such amount £1 10 thp a55pLs DI ihe charliable Gotnp41ny in the event nf its besn£ w or within one year after he or 5heceases to be a member. as may be required not exceedin8 nd up while he or She is a mombar, 5. Income from Donatlons and legacles 2024 Total Funds Unrestr ed nds Restrfrted Funds DundLiuris 800 33,1£? 35,5£3 2023 Tot•1 Fund$ UnTestr ted nds Restrlcted Funds Donations ,600 13
F.A.C.T. {Friendship and Carlng Tr Company Limited by Guara stl Llmlted tee Notes to the Finan¢i#l SL*ements Year ended 31 Octoljer 2 continuedl 24 6. Income from CharltablÈ adluites 2014 Total Funds Unrestri tèd nds Restricted Funds NIHE- Supporting People 112 67,112 Western Health & Social Care Trust 1,04 180 1,04Q,180 s.H.s.s.8. 19 978 195,978 N.E.H.B. 747 86,747 R•&id•nt Stat• Bgnoflts 169 91,469 Other 448 1,48 934 1,489.934 1023 Total Funds Unrestr ted RestTlrted rili)41a NIHE- Supporting People 23 034 233,034 Western Health & Social Care Trust 86 .515 867,S15 S.H.S.S.B. 18 ,558 181,558 N,E.H.B. .710 84,710 Rpsidp.nt State. Bpnvlitg 93,646 Other 329 6.329 1,46 792 1,466.792 14
F.A.C.T, (Friendshlp and Carln8 Tr Company Limited by Gua st) Llmited Notes to the Flnanclal Stal¢ments Year ended 31 Ociober 2 contlnuedl 24 7. In¥esiment Iniome 2024 Total Funds Unrestr Restricted Funds nds Bank Interesl receivable 348 6,348 2013 Total Fund$ Unrestr ted nd5 Restricted Funds Bank Interest receivable ,520 1,520 8. C05t of ralsln8 donatlons and le8acles There were Tho costs Snvolved In ralsing donations. 15
F.A.C.T. (Fri8ndshlp and CarfngT company umiTed by Guara st) Limited tee Notes to the Financlal Statements Year ended 31 October 2 continuedl 24 9. Expendltur¢ on chorltable aalvlilai 024 2024 Restrlcted Funds 2024 Total Funds Unrestri nds Statt tcsts Catcring Personal Expenses Resldents U8ht and Heat Cleaning Repairs and Maintenance Waste DIsp05al Mului. arid I r Rent- Choice Housing Depreciation Other Expenses 96 257 891 775 682 816 .935 .418 .970 .031 ,989 263 ,027 965,257 54,891 11,775 64,682 26,816 31,935 8,418 8,970 46,031 18,989 56,263 1.294,027 1,29 023 ted nds 2023 Restrlcted Funds 2023 Total Funds Unrestr Staff tosts Catering Personal Expenses Resldents Light and Heat Cleanin8 Repairs and Maintenance Waste Disposal Motor and Travel Rent- C170ice Hou51n8 Depreclatlcn nth@r Expènses ,441 ,009 ,133 ,630 ,383 .553 ,909 .047 ,809 ,496 .919 944,441 46,009 12,133 71,630 21,38a 16.55J 7,909 8.047 42,809 11,496 62,919 1.245.319 I,?A ,9?4 16
F.A.C.T. IFrlendship and Carlnz Tr Company Limited bv Guar i) Umlted tee Notes to the Financial Statements Year Ènded 31 October 2 continued) io. r¥et Income Net Sncome is ststsd after chargin Icreditingl.. 2024 2023 Depreciation of tangible assets Fees payable for ihe audit of the financial 5tètements 18,989 2.975 11,496 2.850 11. Staff costs The total staff costs and employee benefits for the reportln8 period a e analysed as follows: 2024 2023 Wages and salarles Social securitv COS15 Penslon Contrlbutions 767.098 177,883 20.276 965,2S7 761,827 163,749 18,865 944,441 The avera8e head count of employees during the year was 3112023.. equlvalent employcej durin£ the year is analys¢d as foll•ws: 21. The average number of full-time 2024 No. 2023 No. Head of Home Off ice Administration Care Man28ement Caring Staff & Diivers AyAi1S*#ry )iéff 19 20 31 32 No employee recelved employee beneflts ol more than £60,000 durl £theyear12023: Nill. The Charity continues to undertake it5 obligations under the auto.en Regulator, contrlbutin8 3% of each quallfying employee's salary. olement scheme with the Pension 12. Tru5t¢¢ remuneratlon and expenses No remuneratlon or other benefits from employment wlth the chari by the trustees. or a related entity were recelved No Trustee expenses have been incurred by the Charity. 17
F.A.C.T. (Frlend5hlp and Carlng Tr Company Limlted by Gua st) Limited tee Nates to the Flnancial Statements Year ended 31 October 2 conllnued) 24 13. Tanglble flxed assets Propert at Offlcc E Land Sheebeg Improve Flxturej & Equlpffient Vehlcles nts Total Cost Includlng adjuslment for lrnparlment: At 31 OctobeT 2023 Addltlons Dlsposal 42.OQO 340,000 .756 294,648 221,145 53,965 790,369 221,145 At 31 Ortober 2023 42,000 340,000 756 515,793 53,965 1,011,514 Accumulated Depretlatlon At 31 October 2023 Chorge for year Disposals Impairm*nt 54.400 6,800 ,390 ,19S 284,413 9,934 48,666 1,060 401,869 18,989 At 31 Ottob4r 1023 61,200 585 294.347 49,726 420,858 Net Book Value At 31 Octob•r 2023 42.IXIO 278,800 171 ZZl,446 4,239 590,656 At 31 October 2022 42,000 285,600 366 10,235 5.299 388,500 14. Debtors 2024 2023 Trade Debtors Other Debtors Pi epdyiiieiiLs 10,697 9,508 19,337 17,982 18
F.A.C.T. {Frlendshlp and CarfngT Company Limlted by Guar st) Umlted Notes to the Flnanclal Statements Year ended 31 October 2 continuedl J. Lreaitvr5 2024 2023 Trade Cred"rtors Accruals 3nd deferred income Other creditors 22,020 15,423 50,0 8,67S 14,158 50,000 16. Analysis of charltable fund5 Unrestrirted funds Galns
nd
Loss•s Atl Atai Nov 23 Income Expend ure Transf•rs Ott24 General Funds 726.381 1,532,207 1.29 027 964.561 DeslEnatekl reserve 625.000 1,351,381 1,532,207 625,1))O 1,589,561 1,29 027 Restrl¢ted funds Galms and Lvs>eS At31 OLI 23 At31 Oit24 Exb)eriii ui Rejtricted Fundj De$lgnatEd reserve Is held as a contlngent fund to covgr 6 months of costs Ilntreased Sn yearl, Thls is a prudent estlmate to manase extr30 unplanned cancellailon of charltable Income. engral ov8rhoads and runnln8 inary circumstances Including rhe 17. Analysls of net a55ets between funds Unrestr ted nds Restricted Funds Total Funds 59 1,08 187 656 345 31 Cvrrent assets Cr@ditors less than I year Creditors greator than l year Net assets 1,086,345 187,443) 1,5B 558 1,589,558
F.A.C.T. (Frlend5hlp and Carlng Tr Compan¥ Llmited by Gua st) Llmlted ntee Notes to the Finandal Statement Year ended 31 October 2 l¢ontinuedl 24 18. Related Party T[ansaln Some members of the tiustees close famllles use the fatllltles at Barn reteive more favouYablÈ rates than any other users. Because of the s charlty. the dlrector5 have departed Irom recommended prattice and transartions with these rtlated portiej in thc financiol stbtement5. e Resldenilal Home. They do not sItNe nature of Ihe actlvltles of the do not disclose the value of F.A.C.T. Ltd is 3 joint managed partnership with Choice. Choice is an o 111 tli¥ yursuit ut Llidr ilauie ubILLI(1. 5t yiuviJ¥.s F.A.C.T. Llii wiii I I I malntalns the Residential Home from whlch the charity operates. F.A. Cholce, Total value of tran5I1tion5 in the year was £46,03112023: £4 ganisation with which it uFoperates IV diid guiti4liL¥. allu UUIIL aiid .T. Ltd In turn rent thls property from 8091. In prior years, some former dlrettors of F.A.C.T. Ltd set up a charitabl Charity Shop in Derrylin, Co. Fermanagh. This was created to help rals organisation is called Bafnlee Crafts and Activities. As the work of the Interests of F.A.C.T, Ltd, the declslon was laken for the members of t jurri Ilie ieiiiiiiriiri¥ diieclui in 6411rile Cidlls drid ALL1vili& Iu (bbSi&L Il to the Corona Virus restrlctlons, the charlty shop closed temporarllv, Ihe year elld dale £012023.. f 01 was due to F.A.C.T. Lid fiotn Barnlee no transactlons in thè ye3r12023.' £01. or83nlSation which operates funds for the Home. This charitable harlty shop is so closely related to the board of trustees of F.A.C.T. Ltd to iri Iiei (iuiiys. vri AD ividi¢ri &O£O due ut slnce re-opened In June 2021. At rdft5 6iid ALtlvlllE> anLI ilieie were 20