## **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. **16** 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 ## **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 **17** 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 ## **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| |---|---|---|---| **18** 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 |**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| |---|---|---| **19** 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 ## **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| |---|---|---|---| **20** 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 |**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**| |---|---|---| **21** 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 |**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. **22** 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**