Chartered Accounlanls and Registered Auditors REGISTERED COMPANY NUMBER: N1036318 (Northern Irelalld) REGisfEKED CHARITY NUMBER: 101326 REPORT OF THE TRu￿EEs AND UNAUDITED FINANCIAL ￿ATEMETrrrs FOR THE YEAR E14DED 31 DECEMBER 2021 FOR THE FO￿AIN LIMITED Pation Rainey and Associates Chartercd Accountants 6 East Bridge Styeet Enniskillen Co. Fernianagh BT74 7BT Rwer£dto￿ (¥JtaLvJtth arwj l(* a rÈngeol ii¥eslmen1￿￿neSS aGfviti8B in Unit•J Kvykxn trythe Insbtule OIIXartU￿ Acc￿rtantS in LIMrrED CONTETrrfs OF THE FINANCIAL STATEMEffrs for the Year Ended 31 DECEMBER 2021 Pa%¢ Report of the Trusttts I to 2 tDdependent E54rn1ner'$ Report Statement of Finan¢l#l Actlyities BalaDCe Sheet Notej to tb¢ Fin#th¢l¥l St#¢¢JnentJ 6 10 10 GisfERED NUMBER: N103631 REPORT OF TRUSTEES for the Y¢Ar Ended 31 DECEMBER 2021 The trustees who are also directors of the charity for the purwses of ihe Companies Act 2006. present their report with the financial statements of the charity for the year ended 31 December 2021. The trnstees have prepared the financial siatetnents in accordance with the CoTnpanies Act 2006 and the requir¢ments of the s￿leMent of Recommeiided PrdCtic¢ applicable to charities preparing their accounts kn accordance with th¢ Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102). Objectives and alms The charity's objectives are for the public benefit Ls sei oui in th¢ Article5 of Association ar¢ restricted to the following.. la) to advance the Christian ReligioTt Ib) to promote the benefit of th¢ inhabitants of Northern Ireland wilh particular emphasis on young people but withotst distinction of sex. sexual orientstion, rac¢ or of p)liiicaL religious or other opinion by associating together the said inhabitants in a common efyort to relieve poverty #Dd advance education and to provid¢ fa¢ilities in dle interests of Social welfare for the re¢reation and leisure-tim¢ occupation with the object of improving the conditions of life for the said inhabiranLS. SlgnlfleaDt actlvltle8 The charity OP¢Tates a youth centre ¢alled the Fountain Centre. for the children and young people living in the area of Kesh and the SU￿OUnd]ng areas of North Femianagh. Pubil¢ ben¢rit Th¢ direct benefits which flow from the puTpos¢s of The Fountsin (Nl) Limited include Provision of a range of reliryious. social, edu¢ational and re¢r¢ational aciiviiies mainly bos¢d within the Fountain Centre, Kesh for members of ¢he local community and from lh¢ SUTrounding areas of North Fennanagh, providing them with th¢ opportunity to avail of activities thai assist and improve understartding and knowledge of the Christian religion, ¢ducational attainment. health, social interaction and their conditions of life through accessing services #nd activities that would not nonnally be madc Available to them. Examples ar¢ youth conneci groups, youth clubs, facilities that are appropriate for scouts and guides organisation5. keep fjt elasses, rooms for pray¢r 8nd worship meeiings for childrcn and young peopl¢, indoor football. badminton, paty events and outreach ¢vents for the community.The Fountain (Nl) Limited also provides space for local organisalions and charities to meet allowing these organisations ond charities io function in a manner that they Could rtot pr¢Yiou51y attain. Benefits of the a¢iivi¢ies are evidenced by the measurem¢nt of ttumbers from our purposes are thai The Fountain (NK) Limited members and their families can participate in all activities that are operated and this is incideDtal and necessary to ensure that all membcrs of the districi can potentially benefit. The Trustees seek to ensurc that the Public ben¢fil requiremeni is considered and Th¢ Fountain CNI) Lin)ited facilitates the advancelnent of th¢ Christian Reli8Éon having due regard to the Charily Commission guidance on public benefit. Governing document The charity is contTolled by it5 g(Trv¢rning documenl a rnemorandum and articles os association, and constitutes a limited company. limited by guaranlee, as defmed by the Companies ACE 2006. The company was In￿r￿)rated on 8 Jun¢ 1999 and registered with the Charity Cotnmission for Northern Ireland ort 5 February 2015. Registered Company number N10363 18 (Northern Ireland) RegtsteTed Cbarity number 101326 Page I LIL4(rfED GIsfERED NUMBER: M03631 REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER2021 Registsred offiee Clo Emma Jones 38 Crillan Road Kesh Co. Femianagh BT93 IBF Trustees Mrs R Beare A Crawford Mrs E Jones T K Boyle Mrs J Parkinson J Curtis G Knox P Booth (appointed 1.8.21) CompaDy Secretary Mrs R ESeare IndependeDt Eumlner W K Rainey FCA Patton Rainey ind Associates Charter¢d Accountants 6 East Bridge Streei Enniskillen Co. Fernianagh BT74 7BT ATEMENT OF TRUSTEES, RESPONSIBtLTfiES The tTuslees (who are also the directors ofi'he Founiain (Nl) Limiied for ihe purposes of company law) ar¢ responsible for preparing Ihe Report ol Ihe TnESte¢s and the fLnancÈal stalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom G¢n¢rdlly Accepted A¢counting Praaicel. Company law requires the tNstees to prepare financial staternents ftir each finan¢ial year which give a tru¢ and fair view of the stat¢ of affairs of the charitable company and of the incoming resources and application of resources. including th¢ income and expendittlre. of the charitable company for that period. In preparing those fmancial statements, the trustees are required to select suitable accounting policies and ihen apply them consistenily. observe the meth¢)ds and principles in the Charity SORP- make judgemetjts and ¢s¢imates that are reasonable and pn￿en( prepare the fjnancial staiements on the going conc¢m b&8is unless it is Énappropriate to prestsme that the charitabl¢ company will continue in business. The tnjstees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the flnancial position of the charithble company and io enable them to ensure that the financial statemenis comply with thc Companies Act 2006. They are a150 responsible for safeguaTding the assets of the charitable company and henc¢ for taking reasonable step5 for the prevention and detection of fraud and other Ktregularitie& Approved by order of the board of truste¢s on 14 April 2022 and signed on its beha]f by: Mrs E Jones - Tn25t Page 2 Chartered AccouDlan15 and Registe￿￿ Audilois INDEPENDErfr EXAMINER'S REPORT TO THE TRusfEES OF LI￿[[rED I report on the accounts of the company for the year ended 31 December 2021, which are set out on pages four to ten. Respective respoDsibiltti¢s of ¢harity trustees and examiDer As the charity's trnstees (and also the directors for the purposes of company law) you are re4)onsible for the preparation of the accounts in accordance with the requirements of the Coinpani¢5 Act 2006. Having satisfied myself that the chariry ts not subje¢t io audit wider company law and is eligible for independant exatnination, il is tny responsibility 10.. ¢xamin¢ the accounts under section 65 of the Charities Aci follow the procedures laid down in the general Dire¢tions given by the Charty Commission for Northem Ireland und¢r S¢ction 65{9)(b) of th¢ Charitie5 Act state whether particular matters have come io my attention. Baslj of the independent eumlner's report I have examined your charity accounts as required under section 65 of the Charities Act pnd my ex)niiDation was ¢arried out in a¢¢ordan¢¢ with the general Directions given by ihe Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Act. The examinaiion included a review of the accounting records kept by the ¢harity and a comparison of the accounts presented wkih those r¢¢ords. It o1$0 in¢lud¢d considerdtion of any unusual items or disclosur¢s in the a¢counls, and 5¢eking explanations from you as chariry In￿leeS conceming any such matters. My role is to state whether any Ma￿rial matters have ¢orne io my attention giving m¢ cause to believe.. That a¢counting records were noi kept in accordance with section 386 of the Companies Act 2006 That the accounts do noi accord with those a¢counling re¢ords That the accounts do not comply with ih¢ accounting requirements of section 396 of the Companies Act 2006 and with the m¢th4)d5 and principles of the Charities Sthtement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland That there is further infoTmalion n¢ed¢d for a proper understandin8 of the accounts to be reached. IDdependent examlner'g 8¢¥¢em¢nt I hav¢ completed my examin￿10n and haye no concerns in respect of the matters (l) to {4) listed above and, in connection with following the Directions of the Charity CommiS5iOD for Northern Ireland. I have found no matt¢r5 that require drawing to your ¥tteniiott. W K Rainey FCA Patton Rainey and Assgciat¢S Chartered A¢¢ountants 6 East Bridge Street Enniskillen Co. Fern)anagh BF14 7BT 14 April 2022 Registe￿ bCarrywtaudrt￿ and regu￿ted l(K a rarvJ2 ol nveskneni ￿&￿eSS actiwbes United tylhe knsiiiule oftswtered Accountarts in Ireknl THE FOUNTAtN STATEMEFfT OF FINANCIAL ACTIVITIES for tbe Year Elldcd 31 DECEMBER 2021 Jl.1121 Unrestrlcted nds 31.12.20 I'otal funds Notes tNCOME AND ENDOWMENTS FROM Donations and lega¢i¢s 12,016 Other trading activities Investment income 565 17,666 1,878 17.668 Total 32,467 31.562 EXPENDrruRE ON Raising funds 111.705 10,343 Other 13,054 13.272 Total 23,759 23,615 NET If4COME &708 7.947 RECONCILIATION OF FUNDS Total funds brought forward 216.813 208,866 TOTAL FUNDS CARRtKD FORWARD 225J21 216,813 The notes forni part o(these financial statem¢nLS Page 4 ,THE FOUNTAIN LIMrrED GISTERED NUMBER.. Nt036318 BALANCE SHEET 31 DECEMBER 2021 31.12.21 Unrestricted funds 31.12.20 Total fitnds Note5 FIXED ASSETS Tangible ass¢ts 461,420 473,894 CURRENT A&SETS Cash at bank 11076 8.361 CREDfTORS Amoun15 falling du¢ within one year (449) {450) NET CURRENT ASSETS 11,427 7.911 TOTAL ASSETS LESS CURRE LIABILITIKS 4n047 481,805 cRED￿oRs Amounls falling due after more than one year (247J261 (264,992) NET ASSETS 22S521 216,813 10 UAre5Lricied funds 225J21 216.813 225321 216,813 The ¢haritable company is ¢ntitled io exemption from audii under S¢eiion 477 of the Companies Act 2006 for ¢he year ended 31 De¢¢mbcr 2021. Th¢ members have not Tequired the company to obiain an audit of its f￿anCIal statem¢nts for th¢ year ended 31 December 2021 in accordance wtih Section 476 of the Companies Act 2006. The tNstees acknowledge their responsibilitie5 for (a) ¢nsuring that the charitabl¢ company keeps aecounling records thai comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial slaiements whÉ¢h give a tnje and fair view of the slate of affairs of the charitable company as at the end of each financial year and of its 5UTplus or deficit for each fmancial year in accordance with the requiremetlts of Seclions 394 and 395 and which otherwise comply with Ihe requirements of the Companies Act 2006 relating to fmancial stat¢ments, so far applhuble to the clwitable company. (b) These f￿ancial statements have been prepared in accordance with the provisions appli¢abl¢ to charitable companies subject to the srno11 companies regitn¢. The financial statements w¢re approved by the Board of Trustees and auihorised for issue on 14 April 2022 and were signed on it5 behalf by.. E Jones- Trustee Th¢ no*s forni part of these financial statements Page 5 NOTES TO TEtE FINANCIAL STATEMEr for the Year Ended 31 DECEMBER 2021 ACCOU14TING POLICIES Basis of pr¢p4fiDg the f￿AnCIal statemtttts The financial statements of ihe charitabl¢ company. which is a public benefii entily uftder FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'AccounLing and Reporttng by Charities.. Financial Reporting Stsndard 102 Yhe Financial Reportin. StatTth applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statern¢nts have been prepared under the historical cost convention. llletsttte Income is recognised in Ihe Statem¢nt of Financial Aciiviiies once the charity has entitlement to the ftsnds, it is probable thai the in¢tsrn¢ will be received and ihe amount can be measLwed reliably. EipeDdlture Liabilities are ￿¢08￿15¢d as expenditure &% soon &s th¢r¢ is a legal or con5tructiv¢ obligation commining th¢ charity to that cxpendiiure, it is probabl¢ thai a transfer of economic benefits will be required in sellletncnt and the amount of the obligation can be measured reliably. ExpendiDJre is accounted for on an accruals basis and has b¢¢n ¢lassifi¢d under headings ihat aggregate all ¢ost r¢lated to the category. Where costs cannot be directly attributed to particular headings ihey have been allocated io aciivitie$ on a basis consistcnt with the use of resources. Tfinglble Ilxed a&8ets DeprLciation is provided at the following annual rates in order to WTite off each as5¢¢ ov¢r its estimated useful Freehold property Fixtur¢s and fittings 2%on¢o 20% on redu¢ing balance T*u¢lon The Charity is exempt from corpordtion tax on its ¢haritable aclivities. Fund *¢¢outtllni Unrestricted funds can be used in a¢¢ordan¢¢ with the charitable objectives at the discretion of the trusiee5. Restricted fvnds can only be used for particular restri¢ted purpose5 Within the obje¢ts of thc charity. Restrictions arise when specified by the donor or wh¢n funds are raised for particular restricted purp)ses. Grants Grants that relate to sp￿lfIC capital expenditvre are treaied as deferred income which is then credited (o the income and ex￿nditUre account over the related asset's useful life. Other grdnts are credited to the income and expenditure account when receiv¢(L 31.12.21 31.12.20 Hire of hall Re-¢y¢ling incorne JRS Grdni received 220 345 700 250 928 S6S 1,878 Page 6 contintjed... THE FoiiTrfiAIN LIMtTED NOTES TO THE FINANCIAL STATEMErfrs- contsnued for the Year Ended JI DECF.MBER 2021 IVESTKENT ThCOME 31.12.21 31.12.20 Deferred grant rel¢ased Sundry income 17,666 17.666 17,666 17,668 ET INCOMEI(EXPENDrruRE) Net incomel{expenditure) is stat¢d after chargin￿(CredIti￿g}'. 31.12.21 31.12.20 Depreciaiion- owned assets 12,474 12,676 TRUSTEES, REMUNERATION AND BENEFrrs There w¢r¢ no trustees, rernuneration or oiher benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020. TruJt¢¢i' ¢¥penses There were no Iru5tees' expenses paid for ihe year ended 31 D¢¢ember 2021 nor for the year ended J l Decemb¢r 2020. STAFF COSTS 31.12.21 31.12.20 Wages and salaries 150 2,946 150 2,946 The avernge monthly number of employ¢¢s during the year was as follows: 31.IL21 31.12.20 Administration No etnployees received emoluments ex¢¢5s of £60,OCKJ. Page 7 eontinued... LIMITED NOTF,S TO THE F[NANc￿ STATEhtENTS- eoDtinu¢d ror the Year Ended 31 DECEMBER 2021 TANGIBLE FIXED ASSETS Fixiures and rittings Freehold property Totals cosr At l January 2021 and 31 tkcember 2021 $83J31 16,715 599.946 DEPRECIATION At l January 2021 Charge for year 113J81 11,665 12,671 809 126,OS2 12,474 Ai 31 December 2021 125,046 13,480 138,526 NET BOOK VALUE At 31 DeL¢tnb¢r 2021 458,185 3235 461,420 At 31 December 2020 469,850 4,044 473.894 CREDTfoRS: AMOUNtS FALLING DUE W￿HllN ONE YEAR 31.1221 31.12.20 Accruals and deferred income 449 450 CREDTfoRS: FALLIY4G DUE A￿ER MORE THAN ONE YEAR 31.1221 31.12.20 Deferred governmeni grants 247a26 264,992 Other creditors includes a deferred grnnt of£247J26 (2020..£264,992). 10. MOVEMEKf IN FUNDS Net movement in filnds At 31.12.21 At 1.1.21 Unrestrleted funds General fund Prop¢rty Capital Fund 26￿13 190,000 &708 35,521 190,000 216￿13 708 225,521 TOTAL FUNDS 216013 &708 225,521 Page 8 continued... LIMrrED NOTES TO THE FINANCIAL STATEMENTS- CODtinued for the Year Ended 31 DEcE￿BER2021 io. MOVEMENT IN Fuf41XS- contlDued Net movement in fund4 included in the abov¢ are as follows.. Irkcoming resources Resources expended Movement in funds Ullre$tricted fllDds General fund 32,467 (23,759) 8.708 TOTAL FUNDS 32,467 (23,759) 8.708 Comp•ratives for movement kn funds Net movemenl in fvnds At 31.12.20 At 1.1.20 Uorestrlcted fundl General fijnd Property Capital Fund 18,866 190.000 7.947 26.813 190,000 208.866 7.947 216,813 TOTAL FUNDS 208.866 7,947 216,813 CoTnparative ne¢ movement in funds, in¢luded in the above are as follows- Incoming resources Resources expended Movement in funds UDreJtrkted funds General fvnd 31,562 (23,615) 7.947 31,562 (23.615) 7.947 A CUTreni year 12 months and prior year 12 month5 ￿bined posiiion 15 as follows.. Net movement in funds At 31.12.21 At 1.1.20 Unrestricted fulldy General fund Property Capital Fund 18,866 190,000 16,655 35.521 190,000 208,866 16.655 225.521 TOTAL FUNDS 208.866 16.655 225,521 Page 9 continued... THE FOUTr4TAIN LIMITED NOTES TO THE FINANCIAL STATEMETrrrs- ￿0tinued for the Year Ended 31 DECEMBER 2021 io. MOVEMENf IN FUNDS- contiDMed A ¢u￿¢￿t year 12 tnonth5 and prior y¢ar 12 months ¢ombiTh¢d net movement in funds, included in the above are as follows= IncoTning Resources rvsources expended Movement in fjjnds UDrestrleted futtds GenerY41 fund 64.029 (47.374) 16,655 TOTAL FUNDS 64.029 {47,374) 16.655 RELATED PARTY DISCIA)SURFS There were no related party transaciions for the year ended 31 Decunber 2021. Page 10