FERMANAGH RURAL COMMUNITY INITIATIVE
COMPANY LIMITED BY GUARANTEE
ACCOUNTS
318t MARCH 2024
COMPANY No: Nl 026294
CHARITY NO: NIC100658

FERMANAGH RURAL COMMUNITY INITIATIVE
COMPANY LIMITED BY GUARANTEE
ACCOUNTS
YEAR ENDED 31 MARCH 2024
CONTENTS
PAGE
Trustees, annual report
Independent examiner's report
Statement of financial activities
Income and expenditure account
Balance sheet
Notes to the accounts
9-12

FERMANAGH RURAL COMMUNITY INITIATIVE
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT
YEAR ENDED 31 MARCH 2024
The trustees, who are also directors for the purposes of company law, present their
report and the unaudited accounts of the charity for the year ended 31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name
Charity registration number
Company registration number
Fermanagh Rural Community Initiative
NIC100658
N1026294
The trustees
The trustees who served the charity during the year were as follows:
Ms Patricia Sheridan
Mr M J Ivan Kee
Mr Christopher Spence
Mr Robin Cornell
RETIREMENT OF TRUSTEES
The following trustees are to retire in accordance with the Articles of Association and,
being eligible, offer themselves for re-appointment,,
Ms Patricia Sheridan
Mr M J Ivan Kee
Mr Christopher Spence
Mr Robin Cornell
Secretary
Mr Robin Cornell
Accountants
Clare Jones
Corrigan & Co Ltd
Unit 9 Enniskillen Business Centre
21 Lackaghboy Road
Enniskillen
Co. Fermanagh
Northern Ireland
BT74 4RL
Bankers
First Trust
24 East Bridge Street
Enniskillen
Co. Fermanagh
Northern Ireland
BT74 7BT

FERMANAGH RURAL COMMUNITY INITIATIVE
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT
continued
YEAR ENDED 31 MARCH 2024
Solicitors
Cooper Wilkinson
Imperial Buildings
38-40 Queen Elizabeth Road
Enniskillen
Co. Fermanagh
Northern Ireland
BT74 7BY
STRUCTURE GOVERNANCE AND MANAGEMENT
FRCI is a company limited by guarantee, having no share capital and is governed by
its Memorandum and Articles of Association.
OBJECTIVES AND ACTIVITIES
Our vision is to make employment accessible to all by supporting and encouraging
people to reach their full potential through training and development. The strategic
objectives for 2023124 are:
To manage finances and assets efficiently and effectively.,
To develop and deliver quality training which fulfil customer needs;
To increase the client and customer base of FRCI through effective marketing of the
range of services provided., and
To partner with appropriate organisations to respond to existing needs and
emerging opportunities.
ACHIEVEMENTS AND PERFORMANCE
The ASPIRE project completed on 31 st March 2023 and it wasn't replaced until the
beginning of June 2023 with a project called REAP. Due to late start for project the
number joining during 23124 was 72 with only four completing within that period. Two
went into further education and two returned to benefits.
Our new Heritage project commenced on 1 st September 2023 and during this period
48 participants availed of training in local Fermanagh Farmland Heritage training
activities.
We continued with our private training in the areas of IT, First Aid, Food Hygiene and
Health and Safety and 85 completed and achieved within this range of course
delivery.
FINANCIAL REVIEW
As trustees, we are disappointed with the financial performance of the company
during the financial year which has resulted in net outgoing resources of (£41 ,940).
FRCI continue to explore all funding avenues to draw down funds to ensure the
company remains sustainable in the future.

FERMANAGH RURAL COMMUNITY INITIATIVE
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT
continued
YEAR ENDED 31 MARCH 2024
SMALL COMPANY EXEMPTIONS
This report has been prepared in accordance with the provisions applicable to
companies entitled to the small companies exemption.
Registered office..
Unit 3
56A Tempo Road
Enniskillen
Co. Fermanagh
N. Ireland
BT74 6HR
Signed by order of the trustees
Robin Cornell

FERMANAGH RURAL COMMUNITY INITIATIVE
COMPANY LIMITED BY GUARANTEE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRCI
YEAR ENDED 31 MARCH 2024
I report to the charity trustees on my examination of the accounts of the Charitable
Incorporated Organisation (CIO) for the period from 1 April 2023 to 31 March 2024.
Responsibilitie8 and basis of report
As trustees of the charity you are responsible for the preparation of the accounts in
accordance with the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the CIO are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my
examination of your charity's accounts as carried out under section 145 of the Charities Act
2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by
the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since the CIO'S gross income exceeded £250,000 your examiner must be a member of a
body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the
examination because l am a member of the CIMA, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in
connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of
the 2006 Act,, or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006
Act other than any requirement that the accounts give a 'true and fair view, which is not
matter considered as part of an independent examination., or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by the charities
(applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
understandi
of the accounts to be reached.
Clare Jo
Corrigan
Ltd
Chartered Certified Accountants
Unit 9 Enniskillen Business Centre
21 Lackaghboy Road
Enniskillen
Co. Fermanagh
BT74 4RL
esF
Date:

FERMANAGH RURAL COMMUNITY INITIATIVE
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2024
Total Funds
2024
Total Funds
2023
Note
INCOMING RESOURCES
5ncoming resources from generating funds:
Voluntary income
Other incoming resources
203,713
263,786
TOTAL INCOMING RESOURCES
203,713
263,786
Costs of generating funds,.
Costs of generating voluntary income
Governance costs
(24,750)
(220,903)
(31,966)
(256,317)
TOTAL RESOURCES EXPENDED
(245,653)
(288,283)
NET OUTGOING RESOURCES FOR THE YEAR
RECONCILLIATION OF FUNDS
Total funds brought forward
(41,940)
{25,902)
32,450
56,947
TOTAL FUNDS CARRIED FORWARD
(9,490)
32,450
The statement of Financial Activities includes all gains and losses in the year and
therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.

FERMANAGH RURAL COMMUNITY INITIATIVE
COMPANY LIMITED BY GUARANTEE
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 MARCH 2024
2024
2023
Note
INCOME
TOTAL EXPENDITURE
203,713
263,786
(245,653) (288,283)
OPERATING DEFICIENCY
(41,940) (24,497)
DEFICIT FOR THE FINANCIAL YEAR
(41,940) (24,497)
The Income and Expenditure Account includes all gains and losses in the year and
therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.

FERMANAGH RURAL COMMUNITY INITIATIVE
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
YEAR ENDED 31 MARCH 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
10,971
13,714
CURRENT ASSETS
Debtors
Cash at bank and in hand
23,438
3,072
22,653
3,957
10
26,510
26,610
CREDITORS: Amounts falling
due within one year
(46,971)
(7,874)
NET CURRENT ASSETS
(20,461)
18,736
TOTAL ASSETS LESS
CURRENT LIABILITIES
{9,490)
32,450
NET ASSETS
(9,490)
32,450
FUNDS
Restricted income funds
Unrestricted income funds
12
(9,490)
32,450
(9,490)
32,450
For the year ended 31 March 2024, the charity was entitled to exemption under Article 257A(3) of the
Companies (Northern Ireland) Order 1986.
No members have required the charity to obtain an audit of its accounts for the year in question in
accordance with Article 2578{21.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies
Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies
subject to the small companies regime.
These accounts were approved by the members of the committee and authorised for issue on the
and are signed on their behalf by..
Ms Patricia Sheridan
Director
ILIL
Company Registration Number.. N1026294

FERMANAGH RURAL COMMUNITY INITIATIVE
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Statement of compliance
The financial statements have been prepared in accordance with Accounting
and Reporting by Charities: 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) (effective 1
January 2015)- (Charities SORP (FRS102)), the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) and the
Charities Act 2011.
Ba8is of accounting
The accounts have been prepared under the historical cost convention. They
are presented in pound sterling and are rounded to the nearest pound.
Cash flow ststement
The trustees have taken advantage of the exemption in Financial Reporting
Standard No 1 (revised) from including a cash flow statement in the financial
statements on the grounds that the company is small.
Fixed assets
All fixed assets are initially recorded at cost and are subsequently stated at
cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its
estimated residual value, over the useful economic life of that asset as follows:
Computers &
Fixtures, fittings
20 % reducing balance

FERMANAGH RURAL COMMUNITY INITIATIVE
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
continued
YEAR ENDED 31 MARCH 2024
VOLUNTARY INCOME
Unrestricted Total funds Total funds
funds
2024
2023
ASPIRE
HMRC grants & allowances
National Lottery grant-
community fund
Heritage Fund
Community foundation
Garfield Weston Foundation
Other income
Donations
Training
Good things foundation
Migrant Help ESOL &
Employability Grant
Halifax foundation
Room hire
Local Living Grant
The Ireland Heart of the
community fund
Nineven Trust
Neighbourly Foundation
Community Development &
Health
The Allen Lane
Mentee Program
FODC
89,139
5,000
89,139
5,000
126,351
4,000
10,000
22,121
22,657
22,121
22,657
47,069
9,828
10,000
12,125
13,220
180
27,391
13,220
180
27,391
14,833
2,040
5,000
5,000
4,185
385
4,845
1,260
5,000
4,845
1,260
5,000
500
7,400
500
7,400
1,000
13,600
5,965
1,000
1,405
203,713
203,713
263,786
OTHER INCOMING RESOURCES
Unrestricted Total funds
funds
2024
Total funds
2023
Investment Income
Bank deposit interest
COSTS OF GENERATING VOLUNTARY INCOME
Unrestricted Total funds
funds
2024
Total funds
2023
Costs of generating
income (Note 2)
24,750
24,750
31,966
10

FERMANAGH RURAL COMMUNITY INITIATIVE
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
continued
YEAR ENDED 31 MARCH 2024
GOVERNANCE COSTS
Unrestricted Total funds
funds
2024
Total funds
2023
Salaries and wages
Premises costs
Accountancy fees
Audit fees
Consultancy fees
Other financial costs
Depreciation
159,120
40,052
1,200
159,120
40,052
1,200
188,672
42,585
1,200
17,788
2,743
17,788
2,743
20,432
3,428
220,903
220,903
256,317
NET OUTGOING RESOURCES FOR THE YEAR
This is stated after charging..
Total fund8
2024
Total funds
2023
Depreciation
Auditors, fees
Operating lease costs:
Land and buildings- rent
Plant and machinery
2,743
3,428
25,000
25,000

FERMANAGH RURAL COMMUNITY INITIATIVE
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
continued
YEAR ENDED 31 MARCH 2024
STAFF COSTS AND EMOLUMENTS
Totsl stsff costs were as follows:
Total funds
2024
Total funds
2023
Wages and salaries (including redundancy)
Social security costs
Other post-retirement benefit costs
147,716
9,719
1,685
188,672
22,706
9,258
159,120
220,636
Particulars of employees:
The average number of employees during the year, calculated on the basis of
full-time equivalents, was as follows:
2024
No.
2023
General manager
Training staff
Admin staff
Number of maintenance staff
No employee received remuneration of more than £60,000 during the year.
TANGIBLE FIXED ASSETS
Investment Other plant &
Land &
machinery etc
building8
Total
COST
At 1 April 2023
Additions
Disposal
179,052 179,052
At 31 March 2024
179,052 179,052
DEPRECIATION
At 1 April 2023
Charge for the year
165,338 165,338
2,743
2,743
At 31 March 2024
168,081
168,081
NET BOOK VALUE
At 31 March 2024
10,971
10,971
12

At 31 March 2023
13,714
13,714
FERMANAGH RURAL COMMUNITY INITIATIVE
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
continued
YEAR ENDED 31 MARCH 2024
DEBTORS
2024
2023
Trade debtors
Prepayments
23,438
22,653
23,438
22,653
10. CASH AT BANK AND IN HAND
2024
2023
Bank deposit account
Cash in hand
3,066
3,950
3,073
3,957
11. CREDITORS: Amounts falling due within one year
2024
2023
PAYE and social security
Other creditors & accruals
Bank loans & overdrafts
Loan from Ciaran
4,416
10,015
24,540
8,000
2,149
5,725
46,971
7,874
12. UNRESTRICTED INCOME FUNDS
Balance at 1
Apr 2023
Outgoing
Resources
Balance at 31
Mar 2024
General funds
32,450
(41,940)
(9,490)
13. COMPANY LIMITED BY GUARANTEE
The Company is registered with The Charity Commission for Northern Ireland
under Reference Number NIC100658.
13