Feile an Phobail Limited
(A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating an Income and Expenditure Account)
for the financial year ended 31 March 2025
| Unrestricted Funds 2025 Notes £ Income Donations and legacies 6.1 - Charitable activities - Ticket sales for events 6.2 301,247 Other trading activities 6.3 749,197 Other income 6.4 128,771 Total income 1,179,215 Expenditure Charitable activities 7.1 1,109,706 Net income/(expenditure) 69,509 Transfers between funds - Net movement in funds for the financial year 69,509 Reconciliation of funds: Total funds beginning of the year 18 39,236 Total funds at the end of the year 108,745 |
Restricted Funds 2025 £ 798,672 - - - 798,672 876,891 (78,219) - (78,219) 78,219 - |
Total Funds 2025 £ 798,672 301,247 749,197 128,771 1,977,887 1,986,597 (8,710) - (8,710) 117,455 108,745 |
Unrestricted Funds 2024 £ - 557,232 670,341 64,287 1,291,860 1,342,867 (51,007) - (51,007) 90,243 39,236 |
Restricted Funds 2024 £ 805,268 - - - 805,268 837,335 (32,067) - (32,067) 110,286 78,219 |
Total Funds 2024 £ 805,268 557,232 670,341 64,287 2,097,128 2,180,202 (83,074) - (83,074) 200,529 117,455 |
|---|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.
The notes on pages 16 to 23 form part of the financial statements
13
Feile an Phobail Limited
(A company limited by guarantee, not having a share capital) Company Number: NI029999 BALANCE SHEET
as at 31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Fixed Assets | |||
| Tangible assets | 12 | 11,368 | 11,240 |
| Current Assets | |||
| Debtors | 13 | 176,350 | 204,990 |
| Cash at bank and in hand | 14 | 886 | 31,927 |
| 177,236 | 236,917 | ||
| Creditors: Amounts falling due within one year | 15 | (79,859) | (130,702) |
| Net Current Assets | 97,377 | 106,215 | |
| Total Assets less Current Liabilities | 108,745 | 117,455 | |
| Funds | |||
| Restricted funds | - | 78,219 | |
| General fund (unrestricted) | 108,745 | 39,236 | |
| Total funds | 18 | 108,745 | 117,455 |
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard.
Approved by the Board of Trustees and authorised for issue on 17 December 2025 and signed on its behalf by
________Henry Connolly Trustee
The notes on pages 16 to 23 form part of the financial statements
14
Feile an Phobail Limited STATEMENT OF CASH FLOWS
for the financial year ended 31 March 2025
| Notes Cash flows from operating activities Net movement in funds Adjustments for: Depreciation Interest receivable and similar income Gains and losses on disposal of fixed assets Movements in working capital: Movement in debtors Movement in creditors Cash used in operations Cash flows from investing activities Interest received Payments to acquire tangible assets Net cash used in investment activities Net decrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 14 |
2025 £ (8,710) 3,741 - 106 (4,863) 28,640 (63,149) (39,372) - (3,975) (3,975) (43,347) 31,898 (11,449) |
2024 £ (83,074) 3,487 (22) 4,362 (75,247) 82,326 (22,270) (15,191) 22 (2,709) (2,687) (17,878) 49,776 31,898 |
|---|---|---|
15
Feile an Phobail Limited
(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
1. GENERAL INFORMATION
Feile an Phobail Limited is a company limited by guarantee incorporated in Northern Ireland. The registered office of the company is St Comgall’s, Divis Street, Belfast, BT12 4AQ which is also the principal place of business of the company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.
Basis of preparation
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "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", applying Section 1A of that Standard.
As permitted by the Companies Act 2006, the company has varied the standard formats in that act for the Statement of Financial 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.
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2023 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "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", applying Section 1A of that Standard.
Fund accounting
The following are the categorises of funds maintained:
Restricted 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 company.
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 company.
-
Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund.
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Feile an Phobail Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
Income
Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the company has been notified of a distribution to be made by the executors. Income received in advance 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 entitlement 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, it is accrued in debtors.
Income from charitable activities
Income from charitable activities include income earned from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors.
Expenditure
Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion based on a suitable measure for each activity.
Expenditure on raising funds
Costs of charitable activities comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries together with related support costs. All costs of charitable activities are recognised on an accruals basis.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
Plant and machinery 25% Reducing balance Fixtures, fittings and equipment 25% Reducing balance
Debtors
Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the the company from government agencies and other co-funders, but not yet received at year end, is included in debtors.
Cash at bank and in hand
Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal.
Taxation
No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred.
The company's HMRC charity number is XO16290
Pensions
The company operates an auto enrolment pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the income and expenditure account in the period to which they relate
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Feile an Phobail Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
3. LIABILITY LIMITATION AGREEMENT
The limitation of the firm's liability for this engagement, which is capped at five times the amount of professional fees actually paid, is referenced in the letter of engagement dated 3 November 2025. This was approved on 3 November 2025.
4. PROVISIONS AVAILABLE FOR AUDITS OF SMALL ENTITIES
In common with many other charitable companies of our size and nature, we use our auditors to assist with the preparation of the financial statements.
5. CRITICAL ACCOUNTING JUDGEMENT AND ESTIMATES
(a) Critical judgements in applying the company’s accounting policies
There are no critical judgements in applying the company’s accounting policies.
(b) Key accounting estimates and assumptions
There are no key accounting estimates and assumptions in applying the company’s accounting policies.
6. INCOME
| 6.1 DONATIONS AND LEGACIES Unrestricted Funds £ Grant income - 6.2 CHARITABLE ACTIVITIES Unrestricted Funds £ Grants from governments and other co-funders: Ticket sales 301,247 6.3 OTHER TRADING ACTIVITIES Unrestricted Funds £ Bar Sales 566,731 Sponsorship 182,466 749,197 6.4 OTHER INCOME Unrestricted Funds £ Other income 128,771 7. EXPENDITURE 7.1 CHARITABLE ACTIVITIES Direct Other Costs Costs £ £ August Féile - 1,304,437 Féile an Earraigh - 66,150 Other Events - 120,356 - 1,490,943 |
Restricted Funds £ 798,672 Restricted Funds £ - Restricted Funds £ - - - Restricted Funds £ - Support Costs £ 415,704 50,564 29,386 495,654 |
2025 £ 798,672 2025 £ 301,247 2025 £ 566,731 182,466 749,197 2025 £ 128,771 2025 £ 1,720,141 116,714 149,742 1,986,597 |
2024 £ 805,268 2024 £ 557,232 2024 £ 479,581 190,760 670,341 2024 £ 64,287 2024 £ 1,884,372 81,940 213,890 2,180,202 |
|---|---|---|---|
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Feile an Phobail Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
| 7.2 SUPPORT COSTS Charitable Activities £ Rent and rates 21,035 Interest and charges 26,562 Audit fees 9,750 General office administration 84,314 Depreciation 3,741 Legal, professional and consultancy fees 8,942 Salaries,wages and related costs 341,310 495,654 8. ANALYSIS OF SUPPORT COSTS Basis of Apportionment Rent and rates Percentage of expenditure in period Interest and charges Percentage of expenditure in period Audit fees Percentage of expenditure in period General office administration Depreciation Percentage of expenditure in period Legal, professional and consultancy fees Percentage of expenditure in period Salaries,wages and related costs Percentage of expenditure in period 9. NET INCOME Net Income is stated after charging/(crediting): Depreciation of tangible assets Deficit on disposal of tangible fixed assets Auditor's remuneration: - audit services 10. INVESTMENT AND OTHER INCOME Rent receivable - other income Other interest |
2025 £ 21,035 26,562 9,750 84,314 3,741 8,942 341,310 495,654 2025 £ 21,035 26,562 9,750 84,314 3,741 8,942 341,310 495,654 2025 £ 3,741 106 9,750 2025 £ 1,068 - 1,068 |
2024 £ 26,071 23,495 11,657 92,830 3,487 24,005 321,232 502,777 2024 £ 26,071 23,495 11,657 92,830 3,487 24,005 321,232 502,777 2024 £ 3,487 4,362 11,657 2024 £ 6,042 22 6,064 |
|---|---|---|
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Feile an Phobail Limited (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
11. EMPLOYEES AND REMUNERATION
Number of employees
The average number of persons employed (including executive trustees) during the financial year was as follows:
| Employees The staff costs comprise: Wages and salaries Social security costs Pension costs |
2025 Number 8 2025 £ 311,495 16,924 12,891 341,310 |
2024 Number 8 2024 £ 289,758 18,183 13,291 321,232 |
|---|---|---|
There are no employees who received employee benefits excluding employer pension costs of more than £60,000 for the reporting period.
The total employee benefit of the key management personnel was £54,673 (2024: £54,673).
The charity trustees were not paid nor received any other benefits for the reporting period (2024: £nil).
12. TANGIBLE FIXED ASSETS
13.
| Cost At 1 April 2024 Additions Disposals At 31 March 2025 Depreciation At 1 April 2024 Charge for the financial year On disposals At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 DEBTORS Trade debtors |
Plant and machinery £ 2,500 - (2,500) - 2,394 - (2,394) - - 106 |
Fixtures, fittings and equipment £ 38,888 3,975 - 42,863 27,754 3,741 - 31,495 11,368 11,134 2025 £ 176,350 |
Total £ 41,388 3,975 (2,500) 42,863 30,148 3,741 (2,394) 31,495 11,368 11,240 2024 £ 204,990 |
|---|---|---|---|
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Feile an Phobail Limited
(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
| 14. CASH AND CASH EQUIVALENTS Cash and bank balances Bank overdrafts 15. CREDITORS Amounts falling due within one year Bank overdrafts Trade creditors Taxation and social security costs Other creditors Accruals and deferred income |
2025 £ 886 (12,335) (11,449) 2025 £ 12,335 37,176 19,153 1,195 10,000 79,859 |
2024 £ 31,927 (29) 31,898 2024 £ 29 98,303 21,236 1,134 10,000 130,702 |
|---|---|---|
16. PENSION COSTS - DEFINED CONTRIBUTION
The company operates an auto enrolment pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Pension costs amounted to £12,891 (2024 - £13,291).
17. RESERVES
| At the beginning of the year Deficit for the financial year At the end of the year 18. FUNDS 18.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Funds £ At 1 April 2023 90,243 Movement during the financial year (51,007) At 31 March 2024 39,236 Movement during the financial year 69,509 At 31 March 2025 108,745 |
2025 £ 117,455 (8,710) 108,745 Restricted Funds £ 110,286 (32,067) 78,219 (78,219) - |
2024 £ 200,529 (83,074) 117,455 Total Funds £ 200,529 (83,074) 117,455 (8,710) 108,745 |
|---|---|---|
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Feile an Phobail Limited
(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
| 18.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2024 £ Arts Council of Northern Ireland - NITB - Belfast City Council - Esmee Fairburn 56,667 The Executive Office - Future Screens 5,056 Department of Foreign Affairs 16,496 78,219 Unrestricted funds Unrestricted General 39,236 Total funds 117,455 18.3 ANALYSIS OF NET ASSETS BY FUND - Restricted funds Unrestricted general funds |
Income Expenditure £ £ 116,599 116,599 57,500 57,500 496,290 496,290 5,000 61,667 44,951 44,951 21,038 26,094 57,294 73,790 798,672 876,891 1,179,215 1,109,706 1,977,887 1,986,597 Fixed Current assets assets charity use £ £ - 150,689 11,368 112,490 11,368 263,179 |
Transfers between funds £ - - - - - - - - - - Current liabilities £ (150,689) (15,113) (165,802) |
Balance 31 March 2025 £ - - - - - - - - 108,745 108,745 Total £ - 108,745 108,745 |
|---|---|---|---|
19. STATUS
The company is limited by guarantee not having a share capital.
The liability of the members is limited.
Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1.
20. OPERATING LEASE COMMITMENTS
During the year ended 31 March 2018, Féile an Phobail Ltd entered into a 15 year lease for premises.
| Lease Payments < 1 Yr Lease Payments > 1 yr < 2 yrs Lease Payments > 2 yrs < 5 yrs Lease payments > 5 years |
2025 £ 18,000 18,000 54,000 67,000 157,000 |
2024 £ 18,000 18,000 54,000 85,000 175,000 |
|---|---|---|
21. RELATED PARTY TRANSACTIONS
There were no related party transactions which require disclosure in the financial statements for year ended 31 March 2025.
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continued
Feile an Phobail Limited
(A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025
23