PRS Patton Rainey I Stenson Limited CHAflTERED ACCOUNTANTS & REG1STERED AUDITORS REGISTERED COMPANY NUMBER: N1066336 (Northern Ireland) REGISTERED CHARITY NUMBER: 100689 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 FOR FERMANAGH ARTS FESTtVAL Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fennanagh BT74 7BT CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Regi51ered lo carry out audit work and regulaied for a range ol investment busine55 actiV51ies In the United Kingdom by the Institute of Ghariered Accounlanls in Ireland
FERMANAGH ARTS FESTIVAL CONTENTS OF THE FINANCJAL STATEMENTS for the Year Ended 30 NOVEMBER 2023 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of FiDaDcial Activities 10
FERMANAGH ARTS FESTIVAL REPORT OF THE TRUSTEI ES for the Year Ended 30 NOVEMBER 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 November 2023. The trustees have prepared Éhe financial statements in accordance with the Companies Act 2006 and the requirements of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102). OBJECTIVES AND ACTIVITIES Objectives and aims The charity's objectives are for the public benefit and are restricted to the following-_ (a) the advancement of education (b) the advancement of the arts, culture, heritage or science (c) the improvement in community life through collective involvement in enriching arts events (d) encouraging learning and raising levels of skills among arts practioners and participants. Significant activitics The charity organises an annual Arts Festival incorporating educational talks, workshops and exhibitions in addition to drama and concerts, tnany of which are free of charge to encourage maximum participation in the arts from all age groups and sections of society. Publi¢ benefit The Trustees seek to ensure that the public benefit requirement is considered and Fermanagh Arts Festival facilitates this having regard to the Charity Commission guidance on public benefit. Fin2nci21 Review The results for the year ended 30 November 2023 are set out on pages 4 and 5 of the financial statements. STRUCTURE. GOVERNANCE AND MANAGEMEIYT Governing document The charity is controlled by its governing document. a Memorandum and Articles of Association, and constitues a limited COTnpany, limited by guarantee. as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Rcgistered Compally number N1066336 (Northern Ireland) Registered Charity number 100689 Registered office Clo Mrs Anne Beattie 58 Moybrone Road Letterbreen Enniskillen Co. Fennanagh BT74 9EP Trustees Mrs E P Hassard Mrs A Johnston (resigned 26.9.23) Mrs L Clarke (appointed 26.9.23) Dr B A McDerniott Mrs A Allen (appointed 26.9.23) Mrs A Beattie (appointed 26.9.23) Page I
FERMANAGH ARTS FESTIVAL REPORT OF THE TRUSTEES for the Ycar Ended 30 NOVEMBER 2023 REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary Mrs E P Hassard Independent Examiner Mrs S Stenson FCA Patton Rainey Stenson Limited Chartered Accounlanls 6 East Bridge Street Enniskillen Co. Fernianagh BT74 7BT Bankers Allied Irish Bank 2 & 4 East Bridge Street Enniskillen Co. Fernianagh BT74 7BT This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 23 July 2024 and signed on its behalf by- Mrs L Clarke - Trustee Page 2
PRS Patton Rainey I Stenson Limited CHAR TERED ACCOUNTANTS REGISTEféED AUDITORS INDEPENDEI NT EXAMINER'S REPORT TO THE TRUSTEES OF FERMAI4IAGH ARTS FESTIVAL I report on the accounts of the company for the year ended 30 November 2023, which are set out on pages four to nine. Respective responsibilities of charity trustees 2nd examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance 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. it is my responsibility to= exatnine the accounts under Section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particular matters have come to my attention. Basis of tbe independent examiner's report 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 items or disclosures in the accounts. and seeking explanations frotn you as charity trustees concerning any such tnatters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accouThting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordaT]ce with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is further infonnation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (l) to (4) llsted above an(L in CO[e¢tIon with following the Dtrection5 of the Charity Commission for Northern Ireland, I have found no matters that requÈre drawing to your attention. Mrs S SÈenson FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fern]anagh BT74 7BT 23 July 2024 CHARTERED ACCOUNTANTS IREL4ND Chartered Tax Advisers Regislered lo carry out audit ivork and regulated lor a rang& ol investment business activities in the United Kingdom by the Insiiluie DI Chartered Accountants in Ireland
FERMANAGH ARTS FESTIVAL STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 NOVEMBER 2023 30.11.23 Total funds 30.11.22 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 6,410 6,410 19,069 EXPENDITURE ON Raising funds 1,797 1.797 10,832 Other 59 59 78 Total 1,856 1,856 10.910 NET INCOME 4,5S4 4,554 8,159 RECONCILIATION OF FUNDS Total funds brought forward 17.721 17,721 9.562 TOTAL FUNDS CARRIED FORWARD 22,275 22,275 17.721 The notes form part of these financial statements Page 4
FERMANAGH ARTS FESTIVAL BALANCI SHEET 30 NOVEMBER 2023 30.11.23 Total funds 30.11.22 Total funds Unrestricted fund Restricted funds Notes CURRENT ASSETS Cash at bank 22,875 22,875 l8,321 CREDITORS Arnounts falling due within one year (600) (600) (600) NET CURRENT ASSETS 22,275 22,275 17,721 TOTAL ASSETS LESS CURRENT LIABILITIES 22.275 22,275 17,721 NET ASSETS 22,275 22,275 17,721 FUNDS Unrestricted funds 22,275 17.721 TOTAL FUNDS 22,275 17.721 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records thal comply with Sections 386 and 387 of the Companies Aci 2006 and preparing financial statements which give a Irue and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the Tequiremenls of Sections 394 and 395 and which othenvise comply wilh the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) These financial statemenls have been prepared in accordance with the provisions applicable to charitable companies subject to the small Companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 23 July 2024 and were signed on its behalf by- Ct6LC L Clarke- Trustee The notes form part of these financial statements Page 5
FERMANAGH ARTS FESTIVAL NOTES TO THE FINANCIAL STATEMENTS for thc Year Ended 30 NOVEMBER 2023 ACCOUNTING POLICIES B2sis of preparing the fillancial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities- Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006 The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the nds. it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or conslructive obligation cornmitting the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 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 objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 November 2023 nor for the year ended 30 November 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 30 November 2023 nor for the year ended 30 November 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 19,069 19,069 EXPENDITURE ON Raising funds 10,832 10,832 Other 78 78 Total 10,910 10.910 NET INCOME 8.159 8,159 Page 6 Continued...
FERMANAGH ARTS FESTIVAL NOTES TO THE FINANCIAL STATEMENTS- eontinued for the Year Ended 30 NOVEMBER 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds Total funds RECONCILIATION OF FUNDS Total funds brought forward 9.562 9.562 TOTAL FUNDS CARRIED FORWARD 17,721 17,721 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.11.23 30.11.22 Accruals and deferred income 600 600 MOVEMENT IN FUNDS Net movement in funds At 1.12.22 At 30.11.23 Unrestricted funds General nd 17,721 4,554 22,275 TOTAL FUNDS 17,721 4.554 22.275 Net movement in funds, included in the above are a5 follows- Incoming resources Resources expended Movement in funds Unrestricted funds General fund 6.410 (1,856) 4,554 TOTAL FUNDS 6,410 (1,856) 4,554 Comparatives for movement in funds Net movement in funds At 1.12.21 At 30.11.22 Unrestricted funds General fund 9,562 8.159 17.721 TOTAL FUNDS 9,562 8,159 17,721 Page 7 continued...
FERMANAGH ARTS FESTIVAL NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 NOVEMBER 2023 MOVEMENT IN FUNDS- continued Comparative net movetnent in funds. included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestricted funds Generdl fund 19,069 (10,910) 8,159 TOTAL FUNDS 19.069 (10,910) 8.159 A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 1.12.21 At 30.11.23 Unrestricted funds General fund 9,562 12,713 22.275 TOTAL FUNDS 9.562 12,713 22,275 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resource5 Resources expended Movement in funds Unrestricted funds General fund 25.479 (12,766) 12,713 TOTAL FUNDS 25,479 (12,766) 12.713 RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 30 November 2023. Page 8 continued...
FERMANAGH ARTS FESTIVAL NOTES TO THE FINANCIAL STATEMENTS- colltinued for the Year Ended 30 NOVEMBER 2023 COMPANY LIMITED BY GUARANTEE The charity is incorporated under the Companies Act 2006, as a company limited by guarantee and not having a share capital. The company registration number is N1066336. Page 9
FERMANAGH ARTS FESTIVAL DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 NOVEMBER 2023 30.11.23 30.11.22 INCOME AND ENDOWMENTS Donations and legacies Grants Sponsorship Ticket sales 3.600 7,670 7.799 4,000 2,410 6,410 19,069 Total incomiDg resources 6,410 19,069 EXPENDITURE Raising donations and legacies Insurance Bands and artists Marketing. advertising and promotions Venue and room hire Accountancy 347 7,413 1.417 1,175 480 1,028 289 480 1,797 10.832 Support costs Finance Bank charges 59 78 Total resources expended 1.856 10,910 Net income 4,554 8,159 This page does not forn] part of the statutory financial statements Page 10