PRS Patton Rainey I Stenson Limited CHAR TERED ACCOUNTANTS & REGISTERED 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 2024 FOR FERMANAGH ARTS FESTIVAL Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Fermanagh BT74 7BT CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered lo carry out audit work and r8gulaled lor a range ol investment business activities in the United Kingdom by the Insiiluie ol Chartered Accountants in 1r8land. Registered in Northern Ireland Company Nurnber Nl 692982.
FERMANAGH ARTS FESTIVAL CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 NOVEMBER 2024 Page Report of the Trustees Independent Examiner's Report Statement of Fin2nC121 Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Fillancial Activities io
FERMANAGH ARTS FESTIVAL REPORT OF THE TRUSTEES for the Year Ended 30 NOVEMBER 2024 The trustees who ale 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 2024. The trustees have prepared the financial statements in accordance with the Companies Act 2006 and the requirements of the Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financia5 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 activities The charity organises an annual Arts Festival incorporating educational talks, workshops and exhibitions in addition to drama and concerts, many of which are free of charge to encourage maximum participation in the arts from all age groups and sections of society. Public benefit The Trustees seek to ensure that the public benefit requirement is considered and Fem]anagh Arts Festival facilitates this having regard to the Charity Commission guidance on public benefit. Financial Review The results for the year ended 30 Novernber 2024 are set out on pages 4 and 5 of the financial statements. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitues a limited company, limited by guarantee. as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1066336 (Northern Ireland) Registered Charity number 100689 Registered 01¢¢ Clo Mrs Anne Beattie 58 Moybrone Road Letterbreen Enniskillen Co. Fermanagh BT74 9EP Trustees Mrs E P Hassard Mrs L Clarke (resigned 14.1.25) Dr B A McDerniott Mrs A Allen Mrs A Beattie Mrs N Greenaway (appointed 14.1.25) Page I
FERMANAGH ARTS FESTIVAL REPORT OF THE TRUSTEES ror the Year Ended 30 NOVEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary Mrs N Greenaway Independent Examiner Mrs S Stenson FCA Patton Rainey Stenson Limited Chartered Accountants 6 East Bridge Street Enniskillen Co. Femianagh BT74 7BT Bankers Allied Irish Bank 2 & 4 East Bridge Street Enniskillen Co. Fennanagh BT74 7BT This report has been prepared in accordance with the special provisions of Part 15 of the CoTnpanies Act 2006 relating to small companies. Approved by order of the board of trustees on l July 2025 and signed on its behalf by: Dr B A McDerniott - Trustee Page 2
PRS Patton Rainey I Stenson Limited CHARTERED ACCOUNTANTS & REGISTEfiED AUDITORS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FERMANAGH ARTS FESTIVAL I report on the accounts of the company for the year ended 30 November 2024, which are set out on pages four to nine. Respective responsibilities of charity trustees 2nd examiner As the chariws trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts ITh a¢cordance 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 cotne to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under Section 65 of the Charities Act and my examtnation 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 accountino record5 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, aThd seekints explanations from you as Charity trustees concerning any such matters. My role is to state whether any material matters have come to tny attention giving tne 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 cotnply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recomtnended Practice applicable to charities preparing their accounts in accordance with the Financial Reportino Standard applicable in the UK and Republic of Ireland That there is further information 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) listed above and. in connection with followino the Directions of the Charity Cottunission for Northern Ireland, I have found no matters that require drawing to your attelltion. Mrs S Stenson FCA Patton Rainey Stenson Litnited Chartered Accountants 6 East Bridge Street Enniskillen Co. Femianagh BT74 7BT l July 2025 CHARTERED ACCOUNTANTS IRELAND Chartered Tax Advisers Registered to carry out audit work and regulated lor a range ol investment busin85S activities in the United Kingdom by Ihe Insiiiule ol Chartered A¢¢ounlanls in Ireland. Registered in Northern Ireland Company Number Nl 692982
FERMANAGH ARTS FESTIVAL STATEMENT OF FINANCIAL ACTIVtTIES for the Year Ended 30 NOVEMBER 2024 30.11.24 Total funds 30.11.23 Total funds Unrestricted Dd Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 9,416 9,416 6,410 EXPENDITURE ON Raising funds 8,622 8,622 1,797 Other 67 67 59 Total 8,689 8,689 1,856 NET INCOME 727 727 4,554 RECONCILIATION OF FUNDS Total funds brought forward 22,275 22,275 17.721 TOTAL FUNDS CARRIED FORWARD 23,002 23,002 22,275 The notes fonn part of these financial statements Page 4
FERMANAGH ARTS FESTIVAL BALANCE SHEET 30 NOVEMBER 2024 30.11.24 Total fullds 30.11.23 Total funds Unrestricted fund Restricted funds Notes CURRENT ASSETS Cash at bank 23,602 23,602 22.875 CREDITORS Amounts falling due within one year (600) (600) (600) NET CURRENT ASSETS 23,002 23,002 22,275 TOT AL ASSETS LESS CURRENT LIABILITIES 23,002 23,002 22,275 NET ASSETS 23.002 23,002 22,275 FUNDS Unrestricted funds 23,002 22,275 TOTAL FUNDS 23,002 22,275 The chaTltable COTnpany is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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 that comply wilh Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end ol each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to ihe charitable company. (b) These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statemenls were approved by the Board of Trustees and authorised for issue on l July 2025 and were signed on its behalf by- B A McDennott - Trustee The notes fom part of ihese financial statements Page 5
FERMANAGH ARTS FESTIVAL NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 NOVEMBER 2024 ACCOUNTING POLICIES Basis of preparing th¢ flnancial 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) 'A¢counting 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 funds, 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 constructive obligation committing 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 awegate 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 2024 nor for the year ended 30 November 2023. Trustees, expenses There were no tnEstees' expenses paid for the year ended 30 November 2024 nor for the year ended 30 November 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nd Restricted nds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 6,410 6.410 EXPENDITURE ON Raising funds 1,797 1,797 Other 59 59 Total 1.856 1.856 NET INCOME 4.554 4.554 Page 6 continued...
FERMANAGH ARTS FESTIVAL NOTES TO THE FINANCIAL STATEMENTS- eontinued for the Year Ended 30 NOVEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund nds Total funds RECONCILIATION OF FUNDS Total funds brought fonvard 17,721 17.721 TOTAL FUNDS CARRIED FORWARD 22.275 22,275 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.11.24 30.11.23 Accrnals and deferred income 600 600 MOVEMENT IN FUNDS Net movement in funds At 1.12.23 At 30.11.24 Unrestricted funds General fund 22.275 727 23,002 TOTAL FUNDS 22,275 727 23.002 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Ullrestricted funds General fund 9,416 (8,689) 727 TOTAL FUNDS 9.416 (8,689) 727 Comparatives for movement in funds Net movement in ndS At 1.12.22 At 30.11.23 Unrestricted funds General fund 17,721 4,554 22,275 TOTAL FUNDS 17,721 4.554 22.275 Page 7 continued...
FERMANAGH ARTS FESTIVAL NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 NOVEMBER 2024 MOVEMENT IN FUNDS- continued Comparative net movement in funds. included in the above are &$ follows: Incoming resources Resources expended Movernent in funds Unrestricted funds General fund 6.410 (1,856) 4,554 TOTAL FUNDS 6,410 (1,856) 4.554 A current year 12 months and prior year 12 months Combined position is as follows: Net movement in funds At 1.12.22 At 30.11.24 Unrestricted funds General fund 17.721 5,281 23,002 TOTAL FUNDS 17,721 5,281 23.002 A Cuent year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 15,826 (10.545) 5,281 TOTAL FUNDS 15,826 (10,545) 5,281 RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 30 November 2024. Page 8 continued...
FERMANAGH ARTS FESTIVAL NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 30 NOVEMBER 2024 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 2024 30.11.24 30.11.23 INCOME AND ENDOWMENTS Donatiolls and legacies Sponsorship Ticket sales 1.614 7,802 4,000 2.410 9,416 6.410 Total incoming resources 9,416 6.410 EXPENDITURE Raising donations and legacies Insurance Bands and artists Marketin& advertising and promotions Venue and room hire Accountancy 500 4,146 1.131 2J41 504 1.028 289 480 8,622 1,797 Support costs Finance Bank charges 67 59 Total resources expended 8,689 l.856 Net illcome 727 4,554 Thi5 page does not fomi part of the statutory financial statements Page 10