CHARifi REGISTRATION NUMBER: 102726 The Fermanagh Trust Report and Financial Statements Year ending 5 April 2022 The F•mianagh Trust Statement of financlal aclivill•s Ilncludww and •xpendllurn a¢count lorywandlng 6 April 2022 Total Funds 2022 Total Funds 2021 Funds 2022 Funds Funds 2022 Income and Endowmnts froThL" 243,905 250.791 260,676 Charttable activit 61.544 301118 Other trdding &li¥ilies 157,157 157.157 95.659 Investrnents 10.320 5.677 15,997 25,569 Other indudiThJ HMRC JRS 7.140 7.140 37,704 Total Incomo 236.661 546.023 12.063 794.747 784,330 Expendltsrn on: Donabons 23.800 218.898 22,672 265.370 246,300 296.987 330,556 248,663 Trading operatio 123,904 123.904 139,121 Total Expenditurn 181.273 515.885 22,672 719.830 634.084 Net gainsl(losses> on inv¥tM￿ts 27.731 30.161 13.582 71,474 205.050 Net InComel(eX￿ndItUTrj and net movement in funds for the year 83,119 973 146,391 355296 Reconciliatlon of fvnds= Totsi funds brought forw*d 1.￿6.518 1.521,285 750.589 3.898.392 3.543.096 Total funds caThl￿ forwaThl 1.709.637 1.581,584 753.W2 4.044.783 3,898.392 The statement of finanoal actsvit￿S includes atl pns and bsses recogriwl in tt* Year. All incorne and exppndIti￿e derive from cmtinuing ac11vi￿. The F•mwMgh Trust Statement ol Flnancial Poslllon as at 5 April 2022 Flx•d Ass•ts Tangible assets L506.173 1.964,460 3,470,633 1,545,326 1.802,463 3,347.789 16 Debtors Cash at bank and in hand 17 103.562 491,878 595.440 53,957 539.152 593.109 Liabilities Creditors fallkn8 due withln one year 21,290 574,150 42.506 550,E4)3 Totsl a55ets less current liatslities 4,044,783 3m,392 Credltor* falling due after more than i year 4.044,783 3,898J92 The fvnds ofthe charitr. Endowment funds Restricted income funds Unrestritted incorne funds 753,562 1581.584 1.709.637 7SO,589 1521.285 I￿26.518 Totsl dwrityfimds 4.044.783 3.898.392 These financlal Statements were approved by the Board of Tn￿ee5 and authorised for issue on l February 2023. and are si8ned on behalfof the Board ty. Aideen McGinley Trustee Sue Bry50n Trustee The FemMNzh Trust Ststement of Cash Flow5 forthe yearendlry 5 Apth 202Z Net movement in funds 146391 355.296 Depreciation adjustment 39,153 39,745 Surplus in disposal of irniestments 171A741 1205.0501 In¢￿ase1(DeCrease In credito￿) 121.216) 28,417 Decreaselllncrease in debtors) (49.605) 39.121 Net ¢asMlow In 43349 257529 Purchase of tsngible fNed assets Proceeds from sale of investinents L124,164 1,250.095 Purchase of investments IlJ14.687) {1.253,077) (47274) 254547 Increase/lDecreaselin cash and cash equivalents in the year 147.274} 254547 Cash and cash equfvalents at the be8innin8 of the year 539.152 284.605 Totsl o5h and cash equivalents atthe end of the year 491m 539352 • These investments are held with Jufius Baer Portfofx) Managers Ltd, Northem Ireland Central Investrnent Fund for Charities. Northern Ireland Community Ener8y INICEI Limited. nd Drumlin VKind Energy C(Foperative limited. 7he FÈrniana8hTrusl Note5 to the Flnandal Statements for the yèarendlThJ5Awil 2022 l General Inlorniatson The Fernianath Trust 15 a Chars>breTn￿I. re8tslwed in I&Kthem Ir•land. The address ofthe reg￿tered offiteis Fern￿￿ H04w 8madmeadow PIKe EnnrskiNen Co Fern)anath BT74 7HR These finandal ststements have be￿ wepxed in rompkno Tth FRSIOI Tr Finandal Reporting Stsndard applicable In UK and the ReFM*licof Irew. the Statement of Recommended Ptartice appllcable to dwities preparing their accounts in accordance with the Financial RepMin8Standafd applitsble in the UKand Repjblicol Ireland IFRS 1021 (Charities SORP {FRS IOZI). Basls of PTrparatlon The fin8rKial Statements have been prepared on the hlstorical costbasis. Ihefinandal statements are prepwed in 15 the functlonal currenryofthe entity. There are no rnaterw ￿)CertaIntieS a1￿Itthe Chafftvs ab*ty tO￿ntiTrUe. The prepaTrtion ofthe finan￿￿ sts¢wnents requlres manynenrto rnike j￿1geMents. estimates and assumptions that iffettthe amount reported. Thesè estimates and jut*ernents re continually relrewed and arè based on experience and 0therfarto￿. Induding expertations of future elents that are ￿lIeVed to befeasonable wmler the ¢irwm5tan Unrestritted Funds av•labJefor use* the ofthe tntstee5 to furtlwany of the tharitvs puryjos (le51Bnated funds are unrtstrKted fund5 earn￿rked bythe trustees for pathEarfubJre woject or commltmenL Rthicted Furth are subjected to fc51ricli￿5 on thweXPa￿IthIe de¢lare(I by the donoror throu8h the tenns of an appeal and kll Into one oftw skn. Rest11￿ kncLvne FurKts or EndOwn￿nt Funds. NotÈs tothe Flnandal Slatemth fortheyeafendln85NprU 2012 All incornin8 resources arn induded ￿ the Slatwnent of Fmancial Actl¥fties when entiuement has Pa55ed to the Charlty: itts probable thattheeroncrfnic benefrts assouateil with the transactw)n wiu flow to the Charlty and the arnountcan be r•asonabty measured. ThEfollowin8 spedfit ￿cleS a pplied to partradarcateEorie5 of KKomtr. in￿rne1r0m donation5 0wBf7￿ts is reco8nised Tthen Il*re is e¥Klence of entitl&nent to the in¢omefrom contTrcts for Room RentlHwe and SUpp￿of ser¥ice515 recogni5ed 74ryth the dellv•ryof the contTrcted service. TIu5 is classffied as unrestricted fund uft1￿ there 15 a contrathjai requirementfor it to be spent on a particth pwposeand returned if un5penL in which case it may bè regarded a5 rtstsKted. Expenditure is reco8nlsed on on occruats bas•5 as a liability 15 NKwred. ExpwKliture indudes arry VATwhith cannot be fdly rKover& aThl Istlas￿d UfKler heath￿fjfthe ststement of financial actlvlties to wl¥th it relat&. In these actl¥tiies P￿dIt￿re¢n dwilable activities indude5 all costs incurred by the tharltyln undertaking actlvlties thatfvrtherits tharitablè awns forthe benefit ofits benefidarf induthn8 those supportcosts andcosts relatM¥ to the 804vnanre ofthetharity. expendtture on ralsknw funds inck•de5 al costsol the tr￿1￿¥￿ actlwty whirh sUPPOrt5 thework oftht charity. All costs are allocated to expendlture cate8tsries [ellecti￿ the u5eol the resource. Directcosts attributed to a sin8le artivity areallocated directty to that artivity. Shared costs areapportloned bets¥een the actlvltie5 they Contr￿Ute to on a reasonab￿1 justifiable ar¥1 cons1stent1￿i5. T•n8lblè Assets rL¥ed A55ets lexdudin8 in￿stments> are ststed al cost kn ac¢4wnukted deweoaiityL The costs of minoradditlorffj are not¢¥itali5en oropeniThd 0rthedepo￿tQrSlffl•IaraccOUTht Creditors and Provisions are retognised where thE tharsty ha5 a present obli8ation result from a past event that will probably result in the ts3n5ferof funds to a tturd party and the amountdue to setde the Ob￿80110n can be m&tsured orestimated reliably. Creditors and provlsions are n(Thially reco8ni5ed atth￿settle￿￿ amount after alknww4glor arytrade dkcounts due. Flnandal Instruments TheTfUSt only has flnandal assets and financial liabl￿tieS of a kind that qualify as basit Ilnandal Instfuments. Basic financial instruments a￿ irulialy rewisedattransactiDn Value and subsequenty m&isured at th•r settlementvalu TheTrust Corn￿es Its obllgallons underthe Pension Regtdator in respertofautQ-eNglment. The Femianath Trust Notestothe Hnandal Slaten fwth*y•ar •ftdlnz5P4xfl 2022 Endowm•rt Total Funts FuThts Dtsnatlons Oisin McGrath Foundation The FtheT Fuundation Call•een Wind Farm rieges Windfann Slieve Rushen VAndfami Cornavarrow& Slievezla5S Othèr 6.101 285 17,153 285 17.153 54,OLXI 113.792 S4￿00 113.792 500 250.791 243￿15 6386 Fynd5 Fub 2021 Olsln M¢Grth Foundation The F￿her F(￿ndation Calla8heen Wind Fami riege5 Wlndlarni Slieve Rushen Wrndfami Corna¥arrow& 5Keve8lass Other 833 833 16,817 59.805 54,000 111.288 11,845 260,676 16.817 59.805 111288 I1￿45 253.755 6321 Notes to the Flnandal Statements lor the year enthry S WII 2022 5 Charftable AdI¥￿t$ Total Atnd5 2022 Fund5 Shared Education". Earfy Year5 PTolect-SEiMI8 Communlty De¥eJopment Depafbnent for Communities Nat￿Inal Lottery CommuNty Fth)dQimTrwnity Lthid&thip New Needs FundQommthiity Foundation Nl Soilal Enterprise Fund-Deptartment for theComn)wiil*S Joseph Rowntree Foundation The National Lottwy Cornmunity Fund Ferni3naghTn￿¢ 81458 82,458 $4386 165274 165274 61y4 363.662 61544 301218 Funds 2021 Shared Education: Earfyyears Projert-5EUPB Communlty Development: Departrnent forcommunlties National Lottery Cornmunlty Fund-CoM￿•ty Leadwship New Needs Fund-community Foundation Nl Stscial Enterprlse Ftsnd.Deptartment fN Communilie5 Joseph ROWnt￿ F(¥undation The National Lottery Communlty Fund Fermana8h Trust 73.975 50.265 51.333 14.857 50.265 51.333 14.857 69333 20.1)C#) 18.500 66.459 364.722 69333 18.5LIJ 66,459 174.292 19Q430 6 OthwTTrdln8Actl¥ldes Total Fthds Total Funds 2022 2021 Fernllna8h House 157.157 95.659 The FermanaBh Trust Notes to the Flnandal Statements fortheye3rendlryS April 2022 7 In￿eThI Incoffle EndOM￿nt Total Funds 2022 Income 320 97 Total Funds 2021 Income 25569 Totsl Funds 2022 F￿d5 Grants Awarded Other Costs 194507 24391 218m8 17.284 235,591 29.779 265,370 22,672 End(M¥ment FuM15 T*ital 2021 Grants Awarded Other Costs 12.470 14.190 207319 38.381 24J91 4￿50 214.790 26.660 246,3 NoQe5 to the Flnandal Statements fortheyear¢Ddlvx 5 #gill 2022 Restrltted Tolal Funds 201Z s￿aries Devel¢¥montifrainlng Trav Accourtancy Fees Administrationifdephones Legal. Consultancy & ManaBement Depreciation 18.766 166,723 80.188 141 185.489 80.188 L337 3500 8.685 12.204 39,153 330556 8.685 L422 10.782 39.153 296J87 33569 Total Funds 2021 Salarie5 DeveloprnenVTrainin8 Tra¥el Audit Fees AdmlnlstrationlTelethfA￿S Legal & Con5ultancv Oepreciation 37210 136.573 12.761 370 173.783 12.761 659 1.075 18518 2.122 39.745 248,663 L075 5546 1122 W72 39.745 202A21 46242 10 Trnjlw 0￿￿tkInS T(*al Fwmls Talal Totsl Funds Totsl Fund5 (Lhmertrirtedl Salarie5 Insurances. ￿ght & Heat. clear￿n¥ & Repaw5 Postsge, 5tstionery & Advertising Computer Expenses Tdephone & Fax Travel & Subslstance AudlL Legal & Con$￿tanCY Investment Managernent General Expen5e5 Bank Interest & Charzes 80331 29JJ41 2521 3.282 80.931 29.041 2521 93.979 9.045 3307 23LK) L9DI 2.075 12.525 11.649 3391 327 139.121 3￿49 3￿9 The Femianagh Trust Notes to the Anantlal Statements fortheyearendir¥ 5 April 1022 11 Net Income Net Income Is ststed after¢trwBiry Oepreciatlon of Tan8ible Fixed Assets Fees payable for theAudit of the Finarnial 5tattyna 39.153 2.07S 39.745 75 12 stsff Costs The total stsff costs and employee benefft5 forthe rewtir* perknd are analysed 45 follow5: Wages and Sal31ies Social Security Costs Penslon Costs 196,136 $3917 16J76 266.419 The average monthly numberoffull time eq￿alent thwloyees {indudry ¢aSLpI arxl wt4ime stsffj during the year were as foN¢w5: 2021 Employees No employee recel¥ed empbyee benefits of nmxe than £60.IXXI dur44 theyear12021: Nil) ThE tharity has metall obli8atlons for pensi¢xbaulTrewo￿￿d iti5 ijpen to all stsff. contribu￿On5 in theyearended 5 2022 Twere £16.a76.12021: £153431 The tharity tn￿te¢S were not paid orreceived any other benefits from employment with theTrust One trustee reoived travel exppnses duthg the financial yartKvJnth¥to £368.12021: £2891. The rate pakl per mile was at3M￿ length valu No charity tru51ee received payment forprof&sional orotherw%ry¢es 5￿pr￿d to the Chority. 14 Related pa￿e$ The Mummer5 FO￿d8110n T*thich Is a charitth organisar•yk rents an Offi￿ in Fermana8h Ik> Ivs companyseuetsry and anployee is also a trustee in the FumawthTnJsL The fent and other sernry￿ during theyearamounted to £2J78 nd transaction5wereatwms value. The balance tsutstandlnE at the yearend was £1475. The FernlanalhTn￿t Notesto th• Rnandal Statemènts lorthe yearendiwd 5 Aprll 2022 15 TanBlble Flx•d Assets to B￿ld1 TOTAL At 6 April 2021 Additions 921.958 917.260 79X 1318.302 At S Aprll 2022 921958 917.260 79.084 1318,302 At 6Apr￿ 2021 Char8e forthe Year 71293 18A39 233.445 18345 372376 At5 Aprll 2022 90.732 251.790 69.607 412.129 Net Book Value5 At 5 Awil 2022 831226 665N70 9A77 1506,173 At5 Awll 2021 849.665 1545326 The land at Bmadmeadow on which FemHna8h House Is bullL Is leased frum Fennanagh & Omagh Di5trirtCouncil on a 99 year lease from 24 Marth 2(K￿ The pepper(orn rent Is £5 per amum. The FemianaKh Tru51 Notesto the Flnandal Slat•ments fortheyear endlnus Aprfl 2022 16 Flxed asset In¥estmtnts Totsl ostat6 Addltlons Dlsposals rjl 2021 751.0 L214.687 {L317) 751.090 L214.687 113171 At 5 Aprll Z022 L9fA.460 1364.460 Ats Aprl 2022 L964.460 1,964.460 At 5 A￿? 2021 751.090 L993.8ri These investments includeshares held In Drthnlin Wind EnewKy CTropeTrtive irnited. Northem Ireland Community Energy (NICEI Limited a￿1 14orthem Ireland Central Iii¥esthient Fund for Charities. OtherlmKslments.JullusB¥er Costat6A r120 Additions Disp05315 1.051.373 L051373 At 5 Aprll 2022 BookValuo5 At 5 April 2022 At5 Aprft 2021 L051373 MarketV•lue of In¥e5tm The In¥estm•Jts are held with and managed tyjdius Baer Managers Lld Theyear End Marketvaluation was provided byjulius Baer 21>11 Investn*nts atcost IA02,463 Marketvalue of]n￿en[S The Fennamgh Trust No1•5 10 thè AfiantlalStat•n* forthèyèarendkys Apiil 2022 2021 Debtors and accrued IrKome fwomfharitsble adivit Debtor5 from tradingacti*41tles 83.710 19J52 SL118 1839 103562 53,957 18 Creditor& amow*sfalllryth*whhln OAÈ CredIto￿. accru* and delerred IncomE 41506 Costvak 750589 25.645 U672 753￿62 Endowment Fund5 the foll(y*inr. Ftsher F0uThla￿n GregTurlty 8￿￿eryAwardS Joan Tr¥nbleAw•rd Scheme Mether& Cleenish Oisin McGrath FowxlatM>n Re5trIcI￿ lufid5 Inclu(fing theC¥ital 8uHd PrDPrtand otl*rpriw IYL584 1521285 1521.285 forth• ￿r￿)dI￿ S Aprfl 2022 Ferniana8h H Oryansation5 Reserves Ferniana8h Housecl￿t￿¢¥ FUNI C¥ers Initiative Fund Estates Fund L435.734 170.1)(KI L35L615 170,000 so.000 27.lJJ) 27.IKXI 26￿3 L709.fa7 L626518 Tatsl Funds 4J144.783 3￿98￿92 Ferniana8h House Cmtlngency Fund s a proputy m•lay￿tIUnd held in ftseThe to coverunexpected orimmethate unloreseen Str￿t￿31 cosl The Or8anisaboM AeseThesare held asa (￿tig￿l twd (D¥er￿ an estJmate(Isix mgnths of8Meral o¥eJheads and runni￿ cotsThls 15 a wdent resuve to mwage eYtTrOrdU￿ry arcumstances induthz the ￿pkned C*Kellati￿ of hKome Itgacie5 or othEr charitable income).