Docusign Envelope ID.. 8A187881-049&48S9-87ED-29917A230970 Company Reglstratlon Number: N1029999 Charlty Nuinber: 102830 Féile an Phobail Limited IA company Ilmltod by guarantee. not havlng a 6har6 capilAII Annual Report and Audlted Flnanclal Statem8nts for the flnancial year ended 31 March 2023 Quarter Chartored Accountants and Statutory Audito Sl Anne's Hou$6 15 Church Slreet Cathedral Quarter Belfast BT11PG
DoSIgn Envelope ID", 6A187861-0496485M7ED-29g17A230970 Féile an Phobail Limited (A company limitsd by guarantgo, not havlng 8 share capltall CONTENTS Pago Trustees, and Other Information Trustees. Annual Report Statement of Truslees, Reswnsibilities Ind6p6nd6nt Auditorfs Report 10-12 Statement of Financial Activities 13 Balance Sheet 14 statement of Cash Flows 15 Notes to the Finsncial Statements 16-23
Docusiw Envelope ID: 6A187a61-04964&fj87Ef299l7A23o970 Féile an Phobail Limited IA c¢Jmpany limited by guarantee, not havlng a 5harg capltall TRUSTEES. AND OTHER INFORMATION Trustsas Samuel Baker P8draig O'muirigh Henry Connolly Kevin Gamble (Reslgnad 20 August 2022) Chairper50n Henry Connolly Company Secretary Kevin Gamble Chlof ExgCUtIvo Offlcor Kevln Garnble Charlty Number In Northern Irèland lo283c0 Company Registration Number N1029999 Raglstsrad Offlte and Prlnelpal Addrèss St Comgall's Di$ Street Belfast BT12 4AQ Auditorg Quarter Chartered Accountant8 and Statutory Auditors StAnne's House 15 Chur¢h Street Cathedrgl Quarter Belfast BT11PG Principal Bank8r8 Bank of Iland 202 A[sonst0wn Road Belfast Co. Anlrim BT119EB Sollcltors P J McGrory & Co. 52 Andersonstown Road Belfast Antrim BT119AN
Do¢uSign Envelope ID.. 6A18786l-0496485B7E0-299I7A230970 Féile an Phobail Limited IA company limitèd by guarantee, not having a shartt capltsll TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 The trustees present their Trustees, Annual Report, combining the Directors, Report and Truslees, Report, and the audited financial statements for the financial year ended 31 March 2023. The finanryal statements are prepared in accordan with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland and Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Trustees. Report contains the information required to be provided in the Trustees, Annual Report under the Slalement of Recommended Practi (SORPI guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as rnembers of the board of trustees. In this report the trustees of Féile an Phobail Limited present a summary of its purpose, governan. activities. achievements and finances for the financial year 31 March 2023. The charity is a registered charity and henTr the report and resulls are presented in a form which complies with the requirements of the Companies A¢1 2006 and the Statement of Recommended Practice (Charities SORP FRS 102 effective January 2015}, the organisation has implemented its recommendations where relevant in these financial statements. Mlsslon, Objectives and Stratogy Mission Statement Féiile an Phobail (Festival of the People) was born out of conflict and today stands proud as the largest and most successful Community arts festival in Ireland. Established 35 years ago, the once fledging festival has went on to welcome in exce55 of 100,000 people every single year to the wonderful city of Belfast and is internationally recognised as being one of the largest festivals of its type in Europe. The Mission of Féile an Phobail is". "to be the most exciting, creative, innovative and accessible Festival of the cultural arts in Ireland. and in turn positively impact the social, environmental & economic well-being of the people of West Belfast and Ireland. The Vision of Féile an Phobail is of 'A socially and economically regenerated West Belfast where people freely express and lebrate their culture & diversity, develop their creativity through traditional and modern art forms and acb.vely participate in the inter-change of cultural and self-expression across all boundaries" Objectives To enable Féile an Phobail seek lo achieve it's mission the Trustee's have looked to celebrate the posilive side of the community, and has strived to meet the following objectives.. To enable Féile an Phobail seek lo achieve it's mission the Trustee's have looked to celebrate the positive side of the community, and has strived to meet the following objectives.. To demonslrale at national and intemational levels the experiences, culture, skills and potential of West Belfast and it's people.. To further develop social inclusion and cultural diversity by providing opportunities for the expression of Irish Culture in all its forms", To promote inter-change with other cultures and communities by encouraging both traditional and modern foms of artistic expression., To provide a diverse range of opportunities for community participation and the expsSiOn of self-esteem and identity through arts, languages, sports, environment, education and discussion., To assist in the economic regeneration of Belfast through provision of cultural activities: To provide a comprehensive and flexible annual prramrne of activities", To establish an effective collaborative working partnership with government and key agencies responsible for the arts, culture, tourism and social development., Promote the work and skills of local artists by giving them the opportunity to showcase their talent along with national and international artists. Strategy Féile an Phobail carry out their objectives through an annual core programme of festivals held at various locations over the course of the year, including the flagship festivals August Féile, Dralocht and Féile an Earraigh. In addition to the festivals Féile an Phobail also provide a year round Community Engagement and Youth Arts Pfogramme as well as year round arts and cultural events and activities. August Féile is our 'Flagship festival, and 15 Ireland's Largest Community Festival annually attracting upwards of 96.000 participants. 10 days of 600+ events.. exhibitions, dramas, literary events, a children's programme, a disability development programme, street theatre, multicultural events, cross community events, international I national musical
DoSIgn Envelope ID.. 6A187861-049&485M7ED-29917A230970 Féile an Phobail Limited (A company lknltod by guarantge, not havlng a share Capltsll TRUSTEES. ANNUAL REPORT for the financial y8ar 8nd8d 31 March 2023 gv8nts, concerts, comedy, and whole range of community arts and drama, 900k aotivilies are fr99, Fé1 an Phobail has developed its Youth Arts Programme for the provision of arts and cultural activities for young peopl8 in the community and from other o)mmunilies across Belfasl, delivering a wealth of events for children and young people, particularly between the ages of 8- 16 and 16 - 25 years. on a year round basls. The Communlty Engagament programm8 engages prfmarily wlth 'non-traditional' arts and cultural audlencgs, including naw comer familios, rafugees, black and minority @thni¢ communities, as well a8 engaging wlth the Protestsnt Unionist and Loyallst communitie8. Fella an Earragh pSentS a wide variety of Irish arts and cultural events in the lead up lo and duiing St Patricks Days, such as international music acts, Irish traditional music sessions and dancing, ma¥ter-cla5585, school workshops, concert8, tours and walk5, debates and dis¢us¥ions, literary events, youth and sportlng events and family based activitie8. Félle an Phobail measur85 its success in thè r8POrting period by 8valuatlng the numbèr of Indlvlduals attending the relevant events and tha ganerdl success of the events hèld, In line wllh the oblectlves of th6 charity. Structura, Govoman¢o and Managam&nt structuré The organisation 18 a charitable company limited by guarantee, which was incorporated on 2 Ociober 1995. Thè company was established under a Memorandum of Association which estsblished the objects and powers of the charitable company and govemed under ils Articles of Association. The organ15atlon Is governed by the Board of Directors and Management Committee, elected a5 part of the Annua] General Meeting. Thè Trustee's ara responsiblè for thè g8neral managément and control of tha charity. The trustee's give thair time frealy and racelv6 no ramunèratlon or other flnanclal banefits. Th& Boawj of Dirèctors and Managemant Commltt6e Me on a regular basis in ord8r to r8vi8w a range of busine88 matt6rs Includir gov8manc&. organisation objectiv88. stralegtc diraction. b8st practice, funding and a ranga of other ongoing r816vant iSSU88. Composilion of the Board and Board Appointment Proce88 F8ilo an Phobail'8 trustees are recruited annually at the company's Annual General Meeting. Following se5ection of Ihe trustees, a bogrd of company direclors Is elected with the following Offi bearlng positlons.. Chairperson - Vice Chairperson - Treasurer Management Mr Kevin Gambl8 has be8n dal8gatsd to ov800k thè daity manag8mant of Féilg an Phobail Limited. The Trustee's ara rasFX)nsibl& for setting the remuneration package for key management per80nel and thi8 18 ba8ed on lev81 of funding available, current annual remuneration and any other information the trustee's have available at the time of the review Review of Activities, Achievements and Perfonnance Th& year eing 3181 March 2023 has seen Féile an Phobail contiiiue wlth its annual core programme of activities (over 700 events deliver&Jl at varlous locatlons and venues throughout Belfast over the course of the year, including- The Festival's flagship August Féile, Running SUC$fullY now ft)r 35 years. the August Félle Is Irelands biggest communlty arts festwal 8nd summer school, delivering upwgrds of 600 events across 30+ venues and welcoming local, national and internation81 artists and audiences of approximately 90,0 to Balfast each year. Féile gn Earraigh 2023 - A 17 day long programma of Irish traditlonal arts and cultural activities. An activ8 offort has been madé to Incorporate more traditional Irish music 6v8nls into the Féile an Earraigh, effectivety having a mini-fl8adh cheoll. Imth less 'headline' events and mor6 focus on 'session$' and workshops and smallèr scala con(£rts, this year's event was about re-gstabli8hing an appetite, for Irish Traditional mu8ic across the City and supporting the efftJrt8 orth8 City Council to lMagIne the St Patricks Day 8nenCe in Ihg City. Youth Arts Programme - The Fail8 youth arts prDgramm8 18 a y8ar-round we8kly programme of engag8m8nt and arts programm88 working within the local community in areas of high social and economic deprivalion and n88d lo increase participation in arts and cultural activities amongst sorll8 of the most at need young people. Community Engagement Programme The Féile Community Engagement Programme is an annual weekly prLyJramm8 of engagement, outreach, networking and capacity building with under-represented I non-traditional groups, including Unionist and loyalist communities, ethnic minority communities, and areas suffering from high levels
Docusign Envelope ID.. 8A18786l-0496-48587ED-29917A23Og7G Féile an Phobail Limited (A company limited by guarantee, not havlng a sharè capltal TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 of need and low levels of community engagement. particularfy in arts and cultural activity. Dralochl - Féile's annual Halloween festival has grown from strength to strength, which now includes a week long Haunted House experience, Community workshops, arts programmes and competitions and cumulates in a large scale Lantern Parade and Fireworks Display. attracting approximately 10.000 people. How Féile is achieving its objectives and where more progress is required To enable Féile an Phobail to achieve ivs mission the Trustee's have looked to celebrate the positive side of the community, and has strived to meet the following objectives through the organisations year round programme of events and key Festivals.. To demon5tral6 at national and international levels the experiences, culture, skills and potenlial of West Belfast and il's people., To further develop social inclusion and cultural diversity by providing opportunities for the expression of Irish Culture in all its forms., To promote inter-change with other cullures and communities by encouraging both traditional and modern forms ol artistic expression., To provide a diverse range of opportunities for community participation and the expression of self-esteem and identity through arts, languages, sports, environrnenl, education and discussion., To assist in the economic regeneration of Belfast through provision of cultural activities., To provide a comprehensive and flexible annual programme of activities., To establish an effective collaborative working partnership with government and key agencies responsible for the arts, CLJllure, tourism and social d8velopment'. Promote the work and skills of local artists by giving them the opportunity to showcase their talent along with national and intèrnational artists. Féile an Phobail carry out their objectives through an annual core programme of festivals held at various 10¢8tions over the course of the year, including the flagship festival August Féile and Féile an Earraigh. In addition to the festivals Féile an Phobail also provide a number of year round programmes such as the Youth Arts Programme and community engagement programme. August Féile is our 'Flagship festival, and is Ireland's Largest Community Festival annually attracting upwards of 90,000 participants. 11 days of 600+ evenls. exhibitions, dramas, literary events, a children's programme, a disability development programme. street theatre, mullicullural events, cross community events, intemational I national musical events, concerts, comedy, and whole range of community arts and drama, 90 % activities are free. Féile an Phobail has developed its Youth Arts Programme for the provision of arts and cultural activities for young people in the community and from other communities across Belfast, delivering a wealth of event5 for children and young people, particularly belMeen the ages of 8- 16 and 16 - 25 years. on a year-round basis. Oscailt Disability Arts Programme, now incorporated into our Community Engagement and Youth Arts Programming output, is a programme, held throughout the year, to support and encourage the active participation of people with a disability in all Féile events and support them in organising their own events, lo showcase the work of artists with a disability and encourage integrationfinclusion of artists, participants and audien$. Féile an Earraigh presents a wide variety of arts and cultural events over a seventeen day period (1-17 March), such as international music acts, Irish lfftditional music sessions and dancing, master-classes, school workshops, concerts, tours and walks, debates and discussions, literary events, youth and sporting events and family based aclivilies. Féile an Phobail measures its success in the reporting period by evaluating the number of individuals attending the relevant events and the general SucsS of the events held, in line with the objectives of the charity. Progress is required in tems of attracting additional investment across all of the organisation's key events, with particular attention to be drawn lo both Féile an Earraigh and the Draiocht festival, which have been identified as having opportunities to further develop. 11 has also been highlighted that additional staff resources are required lo maintain the high quality of events, activities and day to day management and operatiOF) of the organisalion if il is lo continue lo develop. To that end, effort will be dedicated to attract additional funding for increasing staff reSoUrs, as well as a focus in generating additional sponsorshiplincome from the private sector. Finan¢ial Review The results for the financial year are set out on page 13 and additional notes are provided showing income and expenditure in greater detail.
Docusign Envelope ID.. 6A187861-0496485U7Etk29917A230970 Félle an Phoball Llmlted {A company Ilmllad by guaTantso, not havlnu a 8harn capltal) TRUSTEES, ANNUAL REPORT for the financial year 8nd8d 31 March 2023 Income The principal source of funding during the financial year was that of grant funding whlch accounts for £980,633 of £2.075,411 income. Féile an Phobail 18 indebted to th8 continLJed support of the88 funding bodies and all It's sponsors to cary out its objective8 and activities. The major funders in th8 2022123 financial year inclLMled Arts Council Nl (£117,671), Northem Irish Tourist Board {£95,000} Belfast City Council (£554,792), Esmee Fairtiaim {£7g,334). thout this funding Féile an Phobail would not be able to continue to provide the annual core progratnme of activitie8 and other related programmes. Expondlture During the financial year £2,010,13412022.' £1,643,798) was Spent on th9 carrying (rt It's activitiès, Including the holding of &vents, r8flactiro an IncrBas8 of £366,336 on 2022. This Increas6 In axpenditure was in lin9 With th8 8xpectations of twst@es du810 th8 increased c0515 in making 2022 August Féile th8 biggest to date. Flnanclal Regutts At the end of the financial y6ar the charity h85 assets of £353,53012022 - £290,127) and liabilities of £153,001 (2022 - £154,875}. The net assets of the charlty have Increased by £65,277. Reserves Posltlon and Pollcy At 31 March 2023 tha company had nel assèts of £200.529. Thls was mad8 up of tr[¢ted funds totalling £110.286. The chatity also had a surplus of unr8strid8d r8seN8s totalling £90,243. Included wllhln th8 unrestricted reserves is £16,380 which can only be realised through the disposal of tangible fix8d assgls. Th8refore, th8 total 8urplu8 of unrestricted r888rve8, excluding reserv8s which could only b8 r8ali8ed through the di8posal of tangibl8 fix8d ass8ts at 31 March 2023 was £73,863. The movements in resti1ctj and unr88trict8d funds for the year are set out in the notes to the financial ststemenls. Going forward the trustee5 plan to implement a policy of building reserves and will review the reserves policy accordingly. Prln¢lpal Rlsks and Uncertalntles Tha major rlsks to whlch th& entity Is exposed. as Id8nttd by th8 diractors and managemant comrnittee, has been r8viewed and systems hav8 begn established to manag6m8nl those rlsks. ThB principl8 ri8k and uncertainty facing Féile an Phobail would b8 th8 reduction of grants from major fund8. The truste88 and management continue to seek additional ndIng to 6nhanc8 thg chariti88 current activitie8 8nd mitigate any dUCa10 in monies from current funders, Plans for future period5 Féile an Phobail plan to continue to offer Its annual core programme of activities at variDUS locations and venues throughout Belfast In future flnandal perlcKIs. Post year end Félle 2023 was one cf the biggest to dale with Increased levels of staffing, enchanced August Félle offerlng more Tradltlonal Irlsh Muslc. Félle have secured additional funding to increase the activities availabl8 at the Dralocht festival and develop a Chiistmas programme of activity. Trustees Th& trust88s who served Ihroughoul the financyal year, except as noled, w8r8 as follDWS: Samuel Baker Padraig O'muirigh Henry Connolly Kevin Gamble {ResigDed 20 August 2022) The secretary who served durtng the flnanclal year was., Kevln Gamble Health and Safety Féile an Phobail ensures the well-being of its èmployees 9nd 9vent attendee's through the stiict adherence to health and safety stsndards. Systems are in place to ensure that employges are aware of and implement the charity's health and safety requirements. Employeas raqulred lo work in a safe manner as mandatad by law and bèst practi. Th& malor risks to which th8 antity is 8XPOS@d. as identified by the dlr8Ctors and management commlttee, has been r&view8d and systems have been established to management those risks. The principle risk and uncertainty facing Féile an Phobail would be th8 reduction of grants from major fundars. The
t)ocuSSgn Envelope ID.. 8A187861-049&4859-87ED-29917A230970 Féile an Phobail Limited IA company Ilmltad by guarant8&, not havlrng a sharg capllall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 trustees and management continue to seek additional ndIng, both public and privat8 lo enhance the chariti98 current actmttes and mitigate any reduetion in monies from currant fundéff6. Félle an Phobail ensuras the w811-balng of tts émployees and event attendee's through the 8tr1ct adherence to health and safety standards. Prof8ssional event Safety and risk organi8ation8 and personnel are employed at all major gvents. Systems are in place to 8nsure that employees are aware of and implement the chariV8 health end Sgfety requiram8nls. Employees are required to work in a safe manner as mandated by law and best pra1. Compliance with Se¢tor-Wide Legislation and Slandards The charity engages pro-aclively with legislation, standards and codes which are develop1 for the sector. Féile an Phobail Limited subscribes to and is compliant with the followlng: The Companies Act 200$ The Chatities SORP {FRS 1021 Charfties Act (Northern Iraland) 2008 Transactlons Involvlng Trusteè8 Non8 of the trusteès had any Intèrests in any contracts entered into by the charity during the year. U88 olvolunteers Foile an Phobail is indebted lo volunteers throughout the year who freely give their time lo h81p tha charlty Plrt on these evenls to the highest standard. Without the u* of these volunteers throughout these evénts tha charlty would not be able to provide the level of actlvities at the required standard to promote the poslllva slde ol th8 (%Jmmunty. Public benefit statemenl In shaF)ing our objeolives for the year and plannlng our 2¢tivitias, the trustee8 have considered the ChaiTiy Comrnlssion's guidanca "Publlc b8nefll'. Nnnlng a charfty IPB2)" Detalls of trustsa tralnlng Thera were quarterly training sessions for trustses ol the Board in relation lo their responsibilities and plannlng for the organisation. Trustees alsD und@rtook training within their own organisalions throughout the year. Thg Auditor8 The auditors, Quarter, {Chartered Accfjuntants) have Indicated their willingness to contlnue In officB in accordance with the provision5 of Se¢tion 485 ofthe Companles Act 2006. Approved by the Bt)ard of Trustees on 20 Dècombar 2023 and 8lgnad on It8 b8halt by: Oo/L Honry Connolly Dlréctor
Docuslgn Envelope ID.. 6A187861-04964859-87ED-29917A230970 Féile an Phobail Limlted {A company Ilmltsd by guaranto&, not havlng a shar• capltal) STATEMENT OF TRUSTEES, RESPONSIBILITIES for the financlal year ended 31 Mardi 2023 Tha trustees, who are also directors of Féile an Phoball Llmiled for the purposes of cornpany law, are responsib16 for preparfng the flnancaal statements In accordance with applicable law and regulations, Company law requires the tNstges as the directors to prepare financtal statemants for each financial year. Under that law the StaeS have elected to prepare the financlal statements In accordance wlth Unlted Kingdom Generally Accepted Accounting Practice (Unll8d Kingdom Accounting Standards and applicable law) includlng FRS102 "The Financial Reporbro Standard applicable in th6 UK and Republic of Ireland" Under company law the trustees must not approve the financial 8tatement8 unless they are 8atisffi@d that they giv8 a true and falr vlew of thè stste of affalrs ol the charity and of tho net income or expenditure of Ihe charity for that period. In preparing these financial statements, the trustees are required to,. sèlect suitable accounting policies and apply them conslstently., obs81V8 the mathods and prlndples In the Charitles SORP make judgements and accounting estlmates that arè reasonabl6 and prudanL State whether the financial statements ha b66n prepared In accordance with appllcable a¢ounting standards, identify those 8tandards, and note the effect and the reasorks for any mat8rlal departura From th059 Standards,. and prepare the financial siatem6nts on ths golng concèrn basis unlèss it is inappropriate to prasumg that Iha charify will continue in operation. The trustees are responsible ft)r keeping adequate accounling cordS that are sufficient to show and 8xplain the charitls Iransacknons and dilOse wllh reasonable accuracy at any time the financial posilion of the charity enable them to ensure that the financial slatements comply with Ihe Companies Act 20CQ and. They are also responslblè for safeguarding the assets of the charfty and hence for taklng reasonable Eteps for the prevention and datsctlon of fraud and othar irregulaTities. In so far 88 the trustees ar8 awar8'. Ihefft is no relevanl audit inforfflation (information ne8ded by thg charity's ali10r in connection with praparlng the audibf s report) of which the charily'8 auditor is unaware, and the Iruslees have taken all the sleps that they ought tc have taken as Iwstees in order to make th8m88lves aware of any relevant audil inforniation and to estsbli8h that Ihe charivs auditor is aware of that information. Approved by the Board of Trustees on 20 December 2023 and slgnod on Its behalf by: Henry Connolly Dirgctor
Docusign Envelope ID.. 6A187861-04964859-87ED-299171I230970 INDEPENDENT AUDITOR'S REPORT to the Members of Féile an Phobail Limited IA company limlted by guarante&, not havlng a sharo capltall Roport on the audit of the flnan¢lal statements Opinion We have audited the charity financial statements of Féile an Phobail Limited ('the charity'l for the financial year ended 31 March 2023 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet. the Statement of Cash Flows and notes to the financial stalemenls, including the summary of significant accounting policie5 set out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with FRS 102. In our opinion. when reporting in accordan with a fair presentation framework the financial stalemenls.. give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of ils surplus for the financial year then ended., have been properly prepared in accordance with United Kingdom Generally ACpted Accounting Practi., and have been prepared in accordan with the requirements of the Companies Act 2006 and the Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance with Internalional Standards on Auditing (UK) {ISAs IUK}} and applicable law. Our responsibilities under those standards are fLJrther described in the Auditols responsibilities for the audit of the financial statements section of our report We are independent of the charity in accordance with ethical requirements Ihal are relevant to our audit of the financial statements in the UK, including the FRC'5 Ethical Standard, and the Provisions Available for Audits of Small Entities, in the circumstances set out in Note 4 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have prefomied, we have not identified any material unrtaInlieS relating lo events or conditions that. individually or collectively that may cast significant doubt on the charities ability to continue as a going concern for a period ol at least twelve months from the date when the financial statements are authorised for issue. Other Informatlon The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report Iheieon. The trustees are responsible for the other infomialion contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly slated in our report, we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the other infomiation and, in doing so, consider whether the other information is materaally inconsislenl with the financial statements or our knowledge obtained in the course of the audit, or othemise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misslalements, we are required to determine whether this gives rise to a material misstatement In the financial statements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matter prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements., and the Trustees, Annual Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit. we have not identified material misststements in the Trustees, Annual Report. We have nothing lo report in respect of the following matters wher8 the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records hav8 not been kept., or the financial statements are not in agreement with the accounting records and returns". or certain disclosures of trustees, remuneration specified by law are not made., or the trustees were not entitled lo prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemption in preparing the Trustees, Annual Report. 10
Docusign Envel9 ID.. 6A1878fj1-044eS9-87ED-2g9l7A2sO970 INDEPENDENT AUDITOR'S REPORT to the Members of Féile an Phobail Llmlted IA company Ilmltgd by 00nte8, not havlng a 8har& capltall Re8ponslbllllle8 of trustees for the tlnanclal statements As 8xplaln8d more fully in the Ststemenl of Trustees, Responsibllitlos sat oul on pag8 10, the thjstees ar6 rosponsiblg for th8 prBparation of the flnanclal statémènts and for being satsfied that they glve a truè and fair view, and for such intemal control as they d8termlne Is necessary to enable the preparation of financSal statèmants that are free from mat8rtal misstatement, whether due to frathy or error. In preparfng the financial stat8ments, the tnte83 r88pon8ibl8 for assessino the charlvs ability to ¢onttnue as a going cOnrn. dlsdosing, as apiCable, mattsrs related to goiro concern and using th@ going concern basis of accounting Ltnless m8nagement either intends to liquldale the charity or to rea8e operations, or has no wlistic allernaliva but to do so. Audltor's rèsponslbllltles for th9 audlt of tho flnanclal statements our obi8ctives are to obtain rea80nable assurance about whelh8r the financlal statsments as a whole are free from material misstatem8nt, wh8ther due to fraud or érror, and to issue an Auditorfs Raport that inoludes our opinion. Reasonable assurance is a high lev81 of assuranc&, but18 not a guarantee that an audlt conducted in accordance with ISAS (UK) will always delect a material misstatement when it exists. Misslalements can ari88 from fraud or arror and are consldered material if, individually or in the aggregate, they could wsonably ba axpected to influènca thè economlc clecislons of users takon on the basis of these financial ststemenis. ItY8gularltlés. Including fraud, are instan$ of norFcompllance wlth laws and regulations. We design proc8dures In lin8 wlth our responslbllltles, oudined above, to detect malerial mlsstatements in rospecl of irregularities, including fraud. The extsnl to which our procedures ara capable of detecting irregularitles, Including fraud is detailed below: Further infomialion rggarding tho 8cope of our respon8lbllltlos as audttor As part of an audit in accordance with ISAS (UK). we exercise professional judgement and maintain professlonal 8p11$M throughout the audit. We also.. Identify and assess the risks of material misstatement of th8 financial statement8, whether due lo fraud or error, de51gn and perform audit procedures responsive to those risks, and obtain audit 8widenc8 th8t is suffici8nt and appropriate to provlde a bas15 for our opinion. The risk of not detecling a material misstat8m8nt resulting from fraud is higher than for one resultlng frcm error, 85 fraud rnay involve Gollusion, forgery, intentional omissions. mlsrapr8s&ntations, or the override of intemal control. Obtain an understandlng of Intèrnal control relevant to the audlt In order Ic design audit proureS that are appropriate in th8 cirCumstans. but not for the purpose of expressing an oplnlon on the effectiveness of the charity's intemal control. Evaluat8 the appropriatene88 of accounting policies used and th6 raasonablenèss of accounting estlmates and relaled di8closure8 made by Iruste8S. Condude on the appropriateness of the trustee8' Use of the going Concern basis of accounllng and. based on the audit evidence obtained, whelher a material uncertainty exists related to 8vents or conditions that may cast signifi¢ant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertalnty exists, we are required to draw attention in our Auditorts Report to the r818ted disc108ur8s in the financlal slatements or, If such disclosures ore inadequate, to modify our opinion. Our conclusions are based Dn the audit evidence obtained up lo the date of our Auditor's Report, However, future events or corKlilion8 may cause the the charity to cease to continue as a going cOnrn. Evaluate the overall presentation, slfucture and content of the financi95 statements, includlng the disclosures, and whethèr th& financial $tatements represent tho underlylng transactions and events in a manner Ihal adbieves fair pr888ntalion. 11
Docustgn Envelopa ID.. 6Al8786196-48s97EL>29917II23097o INDEPENDENT AUDITOR'S REPORT to the Members of Féile an Phobail Llmited {A company limitèd by guarantéo, not havlng a shara capltall Vve communicate with those charged with governance warding, among other matters. th& planned scope and timlng of the audit and significant audit findlngs, indudlng any significant deficlgnci&s in inlemal control that we identify during our audit. The purpose of our audlt work and to Orn we owe our ro8pon81bllltie8 This report is made solely to the charity's mèmbars. as a body, in ac¢ordance with Chapter 3 of Part 16 of the Companles Act 2006. Our audit work has bean undertaken so that we mighl state b the Charity's members those matters we ara required to state to them in an auditorfs report and for no other purpose. To the fullest extenl pennitted by law, we do not accept or assume responsibility to anyone other than the charity and the charitys membérs as a body, for our audit wort<, for this report, or for the opinions we have fomied. Claran Pdlccavana (Senior Statutory Audltor) forand on behalf of QUARTER Chartered Aocountanls and Slalutory Audito st Anne's House 15 Church Str681 Cathèdral Quarter Balfast BT1 1PG 20 December 2023 12
Do¢uSlgn Envelope In.. 6A187861-04964859-87ED-29917A230970 Féile an Phobail Limited IA company Ilmltod by guarantee, not havlng a share capltsl) STATEMENT OF FINANCIAL ACTIVITIES Ilncorporatinu an Inc¢)mtr and Exponditurs Ac¢ount) for thè financial year ended 31 March 2023 Unr68trlcl8d Rgstrlcted Fund8 Funds 2023 2023 Total Unr8slricled R&strict8d Fund8 Funds Fund8 2023 2022 2022 Total Funds 2022 Notes Incoma Donations and legaclas Charltablè actlvllies - rick8t sal&s for gnts Other trading activities Othar Incoma 980,633 980,633 4,042 944,535 948,577 605,323 685,044 4,411 505,323 685,044 4,411 228,181 609,749 5,091 228,181 609,749 5,091 6A Total Income 1,094,778 980,633 2,075,411 847,063 ' 94,535 1,791.598 Expenditure Charitable activiligs othar tradlng aGtlvltles othar ayndltur8 7.1 1,063,420 941,514 2,004,934 761,869 (146,852) 94,474 879,088 1,640,957 50,000 (96,852) 5,219 99.693 6,200 6,200 Total Expendltura 1,068,620 941,514 2,010,134 709.491 934,307 1,643.798 Net incomg1(expgnditurn) 26,158 39,119 65,277 137,572 10,228 147,800 Transfers between fijnds Net movoment In funds for the flnanclal year 26,158 39,119 66,277 137,572 10,228 14T,8QO Reconclllatlon of funds: Total fvnds b8ginning of the year 18 64,085 71,167 135,252 173.4871 60.939 {12,548) Total funds at thg end of thg year 90,243 11Q,286 200,529 64,085 71,167 135,252 The Slalement of Financlal Actlvltles Includes all gains and losses rewJni5ed in the financial year. All income and expenditure relate to continuing activities. Th6 note8 on pages 16 to 23 fom) part of the financlal 8latement8 13
Docuslgn Envelope ID: 6A187a61-O49648587E[?9Ql7A2Sog70 Féile an Phoball Llmited (A company Ilmlt8d by ouaranlee, not havlng a sharo capftall Company Number. Nl(129999 BALANCE SHEET as at 31 March 2023 2023 2022 Notss Flxod A8set8 Tangiblo assets 12 16,380 18,409 CurrentA38ets Debto 13 287A16 161,390 Cash at bank and in hand 14 49,834 110,328 337,150 271,718 Creditorg: Amounts falling due wlthln one year 15 (163,1)011 (154.875> Net Current Assets 184,149 116,843 Total Asséts loss Currant Llabllltle8 21)0,529 135,252 Funds R8Stricted funds 110,286 71,167 General fund (unrestricted) 90,243 64,085 Total funds 18 200,529 135,252 Thése financial statements have been prepar8d in accordance with the special provisions relating to Small companles wlthin Part 15 Dlthe Companies Act 201JS, Approved by the Board of Trustees and authori8ed lor issue on 20 December 2023 and slgned on Its bghalf by Oc¢L Henry Connolly Director The notes on pages 16 to 23 forrn part of the flnanclal 8tat8ments 14
Docuslgn Envelope ID: 6A187861-049w587ED-29gl7A23097o Féile an Phobail Limited STATEMENT OF CASH FLOWS for the financial year ended 31 March 2023 2023 2022 Note8 Cash flows from operating acliviti Net movement in funds Adjustments for. Depreciatton Interest recèlvable and slmllar Income Gains and loss&s on disposal of fixed assets 65,277 147,800 6,459 15901 6,135 1,887 70,146 155,822 Mov@m6nts in working capital.. Movement in debtors Movement in creditors (125,9261 11,9321 (19.3291 180,7471 Cash (used in)Igenerated from cperadons 157,7121 55,746 Cash flows from Investlng actlvltles Interest r1Ved Paym8nts to acquire tangibl8 assets 590 13,430) {294) N8t cash used in inv8strnenl activit16S {2,840) {294) Gash flows from financing activities Repayment of short tgmi loan (50,000) Net (decreaselllncrease In cash and cash equlvalenls Cash and cash aqulvalants atthe beglnnlng of thè yèar (60,6521 110.328 5,452 104,876 Cash and Cash oqulvalonts atlhe end of tho yoar 14 49,776 110,328 15
Docusign Envelope ID.. 6A187861-O49648587ED_2g917A230g70 Féile an Phobail Limited IA company Ilmlted by guarantee, not having a sharo capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2023 GENERAL INFORMATION Féile an Phobail Limited is a company limited by guarantee incorporated in Northem Ireland. The registered Offi of the company is St Comgall's, Divis Street, Belfa51, BT12 4AQ which is also the principal place of business of the charity. The financial statements have been presented in Pound {£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are Considered material in relation lo the charity's financial ststemenls. Basis of preparation The Iinancial slalements have been prepad under the historical cost convention, modified to include ertain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financia1 Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statoment of ¢omplian¢e The financial statements of the charity for the financial year ended 31 March 2023 have been prepared on the going concern basis and in accordanTr with the Statement of Recommended practi ISORPI "Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 Fund accounting The following are the calegorises of funds maintained.. Restrlcted funds Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity. Unrestricted funds Unrestricted funds consist of General and Designated funds. General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity. Designated funds comprise unreslricled funds thal the board has, al its discretion, sel aside for particular purposes. These designations have an administrative purpose only, and do not legally restricl the board's discretion to apply the fund. Incom8 Voluntary income or capital is included in the Statement of Financial Activf(ies when the charity is legally entitled lo it, ils financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate reTript. Entit5emenl lo legacies is considered established when the charity has been notified of distribution to be made by the executors. Income reiVed in advan of due performance under a contract is accounted for as deferred income until earned. Grants for activities are recogNised as income when the related conditions for legal enlillement have been met. All other income is accounted for on an accruals basis. Donations and legacies Donations and legacies comprise monetary donations from the public, corporates, trusts, legacies, major donors and related tax credits. Donations are shown gross without deduction of any costs involved in raising such funds. Where entitlement occurs before income is received, tt is accrued in debtors. Income from charitable activitie$ Income from charitable activities include income earned from the supply of seNices under contractual arrangements and from performance related grants which have conditions that specify the provision ol particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled lo the income because it is fulfilling the condition5 conlair)ed in the related funding agreements. Vvhere a grant is received in advan, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in deblors. 16
DocuSwJn Envelope ID.. 6A187861-OW%A859-87ED-29917A230970 Félle an Phobail Limited company Ilmlted by guarant99, not havlng a sharo capltsl NOTES TO THE FINANCIAL STATEMENTS conttnued forthè finsnclal year ended 31 March 2023 Exponditure Expenditure is analysed been ¢ts of charitsble aclivitses and raising fvnds. The costs of each activity are Separately accumulated and disclosed, and analysed awrding lo their major components. Expenditure is recognised when a legal or constructive obllgallon exlsts as s rèsult of a past evènt, a transfer of economic benefits is required in settlemgnt and the amount of the obligation can be reliably measured. Support costs are those functlons that asslst th6 work of thè charity but cannot bè attributad to onè adlvity. Such costs are allocatèd to actlvltles in proportlon bas@d on a SUItab measure for 6ach acllvlty. Expendlture on rai8ing fund8 C08ts of charitable octivities Cornpflse those costs incurred by the ¢harity in the delivory of its octivitlgs and Services for its beneflciarles together with related support Costs. All costs of charltable activitios are rerL)gnlsed on an accruals basis. Tanglble flx8d a880ts and depreclatlon Tangible fixed a888ls are 8tat8d at cost or at valuation, 1888 accumulatèd dapreclation. Tha charge to d8preciation is calculatsd to wrile off the original cost or valuation of tangible fixed assets. less their eslimat8d residual value, over their expected useful live8 a8 follows.. Plant and machinery Flxtures, fittings and equipment 25Yo Reducing balan¢9 25% Reduclng balance Dgbtor8 Debtors are recognls8d at th8 settlement 8mount due after any discount offered. Pr8payments are valued al the amount pr8paid n8t of any trad8 discounts du8. Incom8 r8cognised by th8 the charity from gov8rnmenl agencies and other ¢fUnderS, but not yet received at year end, is inrjuded in debtors, Cash at bank and in hand Cash at bank and in hand comprlses (£sh on deposit at banks requlrlng less than three months notlce of wlthdrawal. Taxatlon No currant or deferred tsxalion ari88s as th8 charity h88 b88n gr8nt8d charitable exemption. Irrecoverable valued athed lax is expensed as incurred. The company's HMRC tharity number is X016290 Penslons The charlty operat6s an auto 8nrolment p6nsion schame for amployees. The assets of th8 schame are hald separat61y from thos& of the charity. Annual contributions payabl& to th6 charity's pension sch8m8 ar8 charged to the income and expenditure account in the period to which thay late LIABILITY LIMITATION AGREEMENT Th8 limitation of the fim'5 liability for this engagement, which is capped at five times the amount of prof8ssional fees actualty paid, is referenced in the letter of engagement dated 13 April 2023. Thls was approved on 13 April 2023. PROVISIONS AVAILABLE FOR AUDITS OF SMALL ENTITIE8 In common wlth many other charltable companles of our slze and nature, w8 use our audltors to asslst with th9 preparatlon of the flnancial statements. CRITICAL ACCOUNTING JUDGEMENT AND ESTIMATES la) Crltleal Judgemènts In applylng thè companW8 accountlng pollcl88 Thera are no critical judg8ments in applying the company's accounting policias. Ibl Koy accounting estimates and assumptions Thsra are no k8y actounl1 eslimales and assumptions in applying the companWs accounting wlicies. 17
Docusign Envelope ID.. 8A187881-Iutr48SQ-87D-29g17A23097O Féile an Phobail Limited IA company Ilmltod hy ouarantso, not havlng a 8hare capllal) NOTES TO THE FINANCIAL STATEMENTS continued forthe financlal year ended 31 March 2023 INcof41E DONATIONS AND LEGACIES Unrestricted Re8tricted Funds Fund8 2023 2022 Grarrt income Donations and Sponsorshlp 980,633 980,633 944,535 4,042 980,633 980,633 948.577 CHARITABLE ACTIVITIES Unre8trfct8d Rostrf¢ted Funds Funds 2023 2022 Grants from govemmonts and other co.fundgr8: Ticket sales 505,323 505,323 228,181 OTHER TRADING ACTIVITIE8 Unrestrlcted Reslrlcted Funds Funds 2023 2022 Bar Sales Sponsorship 447,110 137,934 447,11Q 137,934 473,616 136,133 585,044 585.044 609,749 6A OTHER INCOME Unrestrlcted Restrlcted Fund6 Funds 2023 2022 Other income 4,411 4,411 5,091 EXPENDITURE CHARITABLE ACTIVITIES Dirnct Costs other Costs Support Costs 2023 2022 other Events Féile an Earraigh August Féile 97,270 141,051 1,321,792 27,631 40,073 377.117 124,901 181,124 1,698,909 58,406 118,067 1,464,484 1,660,113 444,821 1004,934 1,640,957 OTHER TRADING ACTIVITIES Dlroct Co¥ts oth8r Costs 8upport Costs 2023 2022 Other trading activitie8 196,852) OTHER EXPENDITURE Dlrect Costs Other Costs Support Costs 2023 2022 Olher expenditure 5,200 5,200 99,693 18
Docuslgn Envelope ID: 6A187861-0496485&87ED-29917A230970 Féile an Phobail Limrted IA company Ilmrtgd by guarants&, not havlng a 8hare ¢apltall NOTES TO THE FINANCIAL STATEMENTS continued for thè financlal year andad 31 March 2023 SUPPORT COSTS Charltable A¢tlvltl98 2023 2022 Rent and rates Interest and ch4rges Audit faes General office administration Dèpracialion Legal, prof&ssional and consultancy faeB Salarie8,wages and related costs 27,496 7,606 11,340 64,519 BA59 27.944 300A57 27,496 7,608 11,340 64,619 6,469 27,944 300,467 25,916 6,834 12,465 45,566 8,135 36,855 245,783 444,821 444,821 379,554 ANALYSIS OF SUPPORT COSTS Basls of Apportlonment 2023 2022 Rent and rat88 Inler85t and charg8s Audit fees General Offi administration Depreciation Percentage Df expenditure in period Legal, professional and consult8noy Percentsge of expenditure in period fees Salaries,wages and related costs Perc8ntage of expenditure in pgriod Percentage of expenditure in period Percentag@ of exp8nditure in p8ri0d 27,496 7,606 11.340 64,519 5A59 27,944 25,916 6,834 12.465 45,566 6,135 36,855 PercentsJe of expendtture In perlod 300A67 245,783 444.821 379,4 NET INCOME 2023 2022 Net Income ig stated after charglngl(crediting): Depre¢ialion of tangible assets ISurplus}Ideflcit on disposal of tangible fixed assets Audit0S remunerallon.. audit services 5,459 6,135 1,887 11,340 12,465 10. INVESTMENT AND OTHER INCOME 2023 2022 Rent receivable- other income Bank int9re8t 8,433 590 5,Q91 9,023 5,091 19
DasIgn Envelo10. 6A187461-049N85&87ED-29917A230970 Félle an Phoball Llmltsd {A MpaThy Ilmlt&d by guarantee, nol havlng a sham capftal NOTES TO THE FINANCIAL STATEMENTS continued for the financlal year ended 31 March 2023 11. EMPLOYEES AND REMUNERATION Number of employ688 Tha average number of per80ns employed lincludlng execLrtive trustegsl during the flnancial year wa8 as follows: 2023 Number 2022 Number Employees The staff costs comprise: 2023 2022 Wag88 and salaries Soctal security costs Pension costs 270,398 17,480 12,579 216,498 18,521 10,764 3QO,457 245,783 There are no employèes who r8cKqivl 6mployee benefit8 exduding employer pension costs of more than £60,000 for the r6porttng p8rlod. The total employee bon@tTt of the key management personnel was £51,277 (2022 £50,623), The charity trustee8 ware not paid nor rec8ived any other benefits for the reportlng perlod {2022', £nill. 12. TANGIBLE FIXED ASSETS Plant and Flxtures, machlnery flttlngs and oqulpm&nt Totsl Cost At 1 Aptil 2022 Additions 2,500 47,191 3,430 49,691 3,430 At 31 March 2023 2,500 50,621 53,121 D•pra¢latlon At 1 April 2022 Charge for the financial year 2,312 47 28,970 5,412 31,282 5,459 At 31 March 2023 2,359 34,382 36,741 Net book value At 31 March 2023 141 16,239 18,380 At 31 March 2022 18,221 18,409 13. DEBTORS 2023 2022 Trad8 d8btor8 287,316 161.390 14. CA8H AND CASH EQUIVALENT8 2023 2022 Cash and bank balance8 Bank overdrafts 49,834 {581 110,328 49,776 110.328 20
Docuslgn Envelope ID: 6A187861-049648W7ED-29917A230970 Féile an Phoball Llmited IA company1lmlt&d by guaraniea, not havlng a Shara capltsl) NOTES TO THE FINANCIAL STATEMENTS condnuad for tha financial yèar ended 31 March 2023 15. GREDITORS Amounts falllng due wlthln ono year 2023 2022 Bank overdrafts Trade credltors Taxation and social security costs Other creditors Accruals and deferred income 61,563 32,707 4,639 64,034 29,601 39,062 2,879 83,333 103,001 154,875 16. PENSION COSTS- DEFINED CONTRIBUTION The charfty Operates an auto enrolmant pension scheme. The a888ts of th8 schemè arè held separately from those of the charlty In an Independently administered fund. Pension costs amount&d to £12,579 {2022- £10,764). 17. RESERVES 2023 2022 At the beginning of the year Surplus ft)r the financial year 135,252 65,277 112,548) 147,800 At the end of the year 200,529 135,252 FUNDS 18.1 RECONCILIATION OF MOVEIIIENT IN FUNDS Unrestrfcted Restrl¢ted Funds Funds Total Funds At1 April 2021 Movement during the financial year (73,487) 137,572 60,939 10,228 {12,548) 147,8CKJ At 31 March 2022 Movement during the financlal yoar 64,085 26,158 71,167 39,119 135,252 65,277 At 31 March 2023 90.243 110,286 200,529 21
Do(xJSlgn Envel ID: 6A187861-Q496485W7ED-29917A230970 Féile an Phobail Limited (A company Ilmitsd by guarantee, not havlng a shar• tapltall NOTES TO THE FINANCIAL STATEMENTS ntinued for the financial year ended 31 March 2023 18,2 ANALY818 OF MOVEMENTS ON FUNDS Balance 1 Aprll 2022 Income Expenditurg Transfers between funds Balance 31 March 2023 Restrlcted funds Arts Council of Northam Ireland NITB other Rastricted Income Bèlfast City Councal E8mee Fairburn The Executive Offlce Foras Na Gaeilge Future Scr&ns Department of Forelgn Affairs 117,671 95,000 14,601 554,792 79,334 40,009 11,000 21,919 46,307 117,671 95,000 14,601 554,792 58,887 40,009 11,000 21,319 30,455 14,51)0 14,500 56,667 79,334 600 15,852 71,167 980,633 941,514 110,288 Unrostrlctod fund8 Unrestricted General 64,085 1,094,778 1,068,620 90,243 Totsl funds 135.252 2,075,411 2.010,134 20029 18.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - charity use Current a98ets Current Ilabllltles Total Restricted funds 112,288 12,0001 110,285 Unrestricted general funds 16,380 225,806 (151,9431 90,243 16,380 338,092 (153,9431 200,529 19. STATUS The charity is limited by guarantse not hgving a share capital. Tha Ilablllty of the members is limited. Ev8ry m8mber of the ¢ompany undertakes to contribute to the assets of the company In th8 ev8nt of its being wound up while they are members, or within one year thereafter. for thè payment of the debts and liabilit18s of tha crjmpany contracted before they ceased to be rnembe, and the costs, chawes and expen88s of wnding up, and for the adjustment of thè rlghts of the contiibulors among th8mselv68, such amount as rnay be ulred, not exeding £ 1. 20. OPERATING LEASE COMMITMENTS During the year ended 31 March 2018, Féile an Phobail Ltd entered into 0 15 year lease for premises, 2023 2022 Lease Payments < 1 Yr Lease Payments > 1 yr < 2 yrs Lea88 Payments > 2 yrs < 5 yr8 Leas8 payments > 5 years 18,000 18,000 54,000 85,000 18,000 18,000 ,000 103,000 175,000 193,000 22
Docuslgn Envelo ID: 6A187861-0496-485M7Etk29g17A230970 Feile an Phobail Limited {A company Ilmltgd hy guarantee, not havlng a 8hara capltal) NOTES TO THE FINANCIAL STATEMENTS continued for thg financial year ended 31 March 2023 21. RELA TED PARTY TRANSACTIONS There were no related party transaction8 which requirè dlsclosurè in the financial statements For year ended 31 March 2023.