Coinpany regisirdlioi) nuinbcr; N1071560 Charity re8islralion numbcr: 103081 Fuel Events (A company limil¢d by 8uarantcel Annual Kcport Hnd financial Siaitmcnls ror the Year c.nded 31 January 2023 COMPANIES HOUSE 3 1 JAN 2024 BELFAST ')CWKKQA' 31101r2024 COMPANIES HQUSE JNI
Fuel Eycnts Rofcr¢nc¢ and Administrative J)etails Trustces Mr Paul M¢Ncilly Mrs Lorrainc McNcilly Mr lan David Somcrvillc Chfirity Regis¢rJ¢ion Number 103081 Company Registralion Numb¢r N1071560 'll]c ¢hariiy is incorpornled in North¢rn Ir¢land. 91 Shankbrid8e Road Kells Ballynicna Co Anirim BT42 3DL Regislered office IndtpeDdent bxgminer Ryan Mcfaul D T Carson & Co 51 53 '1knomas Slrcct Ballymena Co. Anirim IJ143 6A/ L'esirhn8c & nrcll 7-9 Chichc$ier Street Bcifasi '1'14JG Solleliors: inkers Ulsi¢r ljank 49 Wellin8lon Sircci ljallymcna Co Anlrim B'f43 6AD Pa8c I
Fuel Events Trust¢cs' Rcport "ITh¢ tnisices, who art dircclors for the purposcs of company laiy, prescnl ihc annual rcpon io¥eih¢r wilh (he rinuncial sl4i¢mcnis of the chariiablc company for lh¢ ycar ¢nd¢d 31 Janiiary 2023. "lknc financial staicmcnts arc Iso preparcd io mtct Ihc reqiiircmcnis for a direclor5' report and accounls for Companics Aci 2006 purposes. Thc finan¢i&l siatcmenls coii)ply iviih ihc Charilics Acl 2008, Ihc Conipanies Aci 2006, Ihc Memorandum And Articles of Associaiion, and Aecounling and RcTM)rting by Charitics: Stsiemcni of Rccommcnded Praclicc applicablc in the UK and Rcpublic of Irc18nd {fRS 102) {cffc¢iive l Jan 2019). ObJtttives *nd AClivltie$ Objec15 diidalnLI I'he company is a regisiered chariry iYhi¢h sccks io advance ihc Christian rcligion for ihe bcncfii of Ihc public Ihrough Ilic holding of PblIC cvcnis wl)ich promie Chrislian n)usic. filrn and an and which is opcn io and unile5 all pcople in thc commiinity, regardlcss Orgr1P or culiurnl classifi¢niion. 'rhe company ain)s io proinole ittnovalion in Chrisiian rnusic, film, art and icchnology. io producc and prcscnl Culiurnl and ¢ducaiional evcnis-. to commission and iour nciv works of art; to broadcn acccss and offer neiv opp)rtuniiics (or cducaiion; io orrcr evciii managcn)cnt io ¢ommunily and voluftiary arts organisaiitsns: 10 providc a link bclivccn crcaiive induslries, Icchiiology and cducalion and io provide work cxpcrien¢¢ and skills dcvclopiiicni. Fuiiilruisiiig di.¥closiir£ 'rhc company has poiycr to inviic and aceepi subscripiions, donalions, d¢imises and bcqucsls and lo hold public cvenis. Achlev¢monts and porformxnce lilnAnciAI review The charity had incom¢ from chariiabl¢ aciiviti¢s or £3,500 (2022.. £3.472> &nd expenditure on chariiablc aclivilies of£2,574 (2022: £6,417). Ch8rii&bl¢ aciiviies hav¢ bccrt significanily ¢urtailcd as a rnsuli of the Covid 19 r¢siriclions. Policy on reserve5 Thc charily gims 10 kccp a small amount in rcs¢rv¢s as ih¢re arc no subslan¢i41 on8oin8 ¢oniiniimenlS. 'I"ru$tees nnd officers The trnslccs scrving during ¢li¢ year and sin¢¢ Ihc y¢ar end wer¢ a$ follows: Tru51ccs'. Mr Paul McNeilly Mrs iminc IM¢Neilly Mr lan David Somervillc Pa8¢ 2
Fucl Kvcnts Tru5tC¢s' R¢port Structuretr goverthan¢¢ And manngcment Noimre ofgoverning docmmeiil rucl Events is a inpanY limited by 8uarnni¢¢ and is also a rccognised charily. 'lThe company'5 govcrnin8 docuIncnl is Ihc Mcniorandum and Article5 ofAssocialion. In Ihc cv¢nl of Ihc company bciiig wound up iruslces r¢quid 10 ¢oniribui¢ £1. Recrtslinienl uppoinlnienl o/ir¢isle Unlcss oihcrnvisc deicmiincd by ordinary rcsoltstion, Ihc number of irusiccs shall not be Icss ihan ihrcc but shall rM)I bc subjccl lo a ftiaxiniurn. No pcrson may bc appoinied as Inbsice unless Ili¢y have atlaincd (he age of 18 ind have noi previously bccn disqualificd. Induuioii 4nd frali•lMg oflruslec.f All .1 rusiecs arc familiar iviih ihc role of tlK ¢h8rity Ihrough iheir I rusiccship of thc coii)paiiy, Neiv Trustccs would allcnd an oricnlaiion mccling lo bricfihcm on Ihcir l¢gal obligations and Sponsibl1111¢s 'l'rusiccs. Arraiigemeiil.sfor sellint key mdndgep1nlPersoni1t£ remmiierniion 'Th¢ ¢onipany has Ihe power (o ¢inploy pcrsoiis or to pay for Ihc scryi¢es of pcrsons lo achicve and niaTra8e ihe objccis of ihe Conipany in il's ordinary dHy lo day gctivilics. No rcmuncrnlion hos bc¢n puid during th¢ ycar. Orgaiilsoiloiial slruclure 'I"h¢ organisalion is rn¥4nagcd and dircctcd by its .1 rusic¢s. Kelhtlonshlps wlih relaitd pthr¢i¢s 'I"rus¢ce5 None of Ihc Irusiee.q liav¢ b¢cn poid any rLiiiuneraiion or rcccivcd any oilier bciicfits froin an ¢niploymeni iviih lh¢ charity or a related cniity. Details of ¢xpcnses 1MbUr$¢d 10 Iruslccg Can be found #i Noic14. bnNnelal Instrumcnls Objecilves ondpolic'ies Thc charity's aclivilics CXlY)se tt to a number of financial risks including crcdit risk. ¢asli(loiY risk and liquidity risk. 'n)e Charily docs nol usc dcrivaiive financial instrumcnls. Ll¥iiidily risk In Ordcr lo niainiain liquidiiy to cn5urc ihat sutTicicni fund5 aro availAhle. for ongoiils opcra1ivl UIKI fifftirc drvclopmont4 Pagc 3
Fuel FJvcnts Trustecs, Report 'rhc trnstccs {who arc also Ihc directo of l-u¢1 Lvcnts for ihc purposcs of company law) arc rcsponsible for prcparin8 the Iriislccs. rcport and Ihe financial statcmenis in accordance wilh applicablc law and Unilcd Kirtgdom Accountin8 Siandards (Unilcd Kin8dom Gencrally Acccplcd Accounlin8 Practice), including fRS 102 "1kn¢ Financial'Rcporting Standard applicablc in thc UK and Republic of Ircland" I'hc report and accounts hovc bccn preparcd in accordan¢e wilh thc provisions in Ihe Compani¢s Aci 2006 rclating to small companies. Company law rcguires ihc Irustccs lo prcpare fingncigl Slaicincnts for coch financial year. Undcr Company la%¥ Ihe Iriisiccs must noi approvc Ihc finftnciiil 51atcmcn15 iinlcss Ihey arc slllisficd ihut Ilicy BIVC a Inie and fuir view of Ihc siatc of affuirs of ihc charitdble company and of Ihc incomin8 fcsoLirccs and application of resourccs, includin8 its incoinc and cxpcndilurc, of ihe charilablc company for th41 pcriod. In pr¢parin8 th¢s¢ financial $tCentS, Ilie Iru5tccs arc rcquircd io: $¢lcci suitablc 8ccouriting policics aiid 8pply ihcm ¢oiisislcnilyi obs¢r4c lh¢ mcthods and prin¢iplcs in ihc Chariiics SORP; make judgcinenls aiid csliin31¢5 ihal arc reasonablt and prudcni. slai¢ whcih¢r appli¢ablc accouniing siandurds, cornprisin8 FRS 102 havc been followcd, sbjeC1 lo Any malcrial dcparturcs discloscd and cxplaincd in ihc financial siaiemcnts,. and prcpar¢ Ihc fiiiancial slat¢mcnis on thc 801118 concorn bosis unlcss it is inoppropriai¢ io prcsuine that Ihc chariiable coinpany will conlinuc in bu5inc55. lThc Irustccs arc responsible for kccping propcr accountin8 rccords thal can disclosc wilh rcosonublc a¢curacy al any liinc Ihe finaiicial posi(ion of ihc chari18bl¢ company and cnablc them 10 cnsurc thai Ihc finai)cial siatcmcnts comply wilh iho Companies Acl 2006. lThey irc 8150 rcsponsible for SAfcgu8rdin8 ihc asscls of ihe charitAble company and hcncc for 13kins rcasonablc stcps for Ihc prcvcntion rjnd dctcclion of fraud &nd oilicr irregularilics. SMAII eomp.Inies provision stlem*1 'I'hi5 rcport hu5 bcen Pfcparcd in accordancc i¥iih thc small ¢ompanics r¢8imc under ihe Companies Aci 2006, 'Iknc 8nnual repon ivas approvcd by Ihc (rusices of Ihe charity on 31 January 2024 and signcd on ils bcllalf by., Mr Paul McNcilly 'rrLlStce Po£¢ 4
Fuel Events Indepcndcnl Examiner's Roport to the truslccs of Fuel Evenls ('thc Company,) I report io the ¢hurily Irusi¢¢s on my cxaminulion of ih¢ a¢¢ounis ofihe Comwdny for ihc ycmr cnded 31 J4nuary 2023. Rosptetive rLsponsibilitie5 of trustees and QXAmintr As ihe tharily irusiccs (and also ihc dircclors of ihe conipany for ihc purp)scs of company law) you arc rcsponsibl¢ for Ihc prcp8rn1ion of Ihc accounls in accordan¢¢ wilh Ihc rcquircmcnis of Ihe Compaiiic$ A¢1 2006 ('Ihc 2006 Aei,). l-lavin8 satisficd myscif (hat Ilic charity is noi subj¢¢l io audil uiider cornpany law. and is cliEibl¢ for ind¢pci)d¢nt cxaminaiioii, il is iiiy rcsponsibility lo.. • examine ihe accounis under seciiort 65 of Ihc Charilics Acl (Northcrn Ircland) 2008. follow ihc proecdures laid doivn in Ihc Bcncral Dircclions 8ivcn by Ihc Charity Cornmis5ion for Northern Ircl&nd undcr scciion 65(9Xb) of Ihc Chaftti¢s Aci; and • 5lalc whether panicular mallcr3 have comc lo my altcnlion. B*si$ Of ind¢pendenl ¢X•miD¢f'g r¢port I have cxarnincd your charity accouiits as rcquircd under scclion 6S of the Charilies Aci and iiiy examinalion was rarricd out in accordan¢c wilh ihc gcncrnl Dif¢¢tions givcn by Ihc Charily Commission for North¢m Ircland undcr scciion 65(9)(b) ofihc Charilics Aci. Ihc cxaminalion Trncluded a rcviciv of ihc accourtling rccords kcpi by Ilic charity and a COh)parison of Ihc a¢coun15 prcscnicd wilh Ihos¢ wcord5. It also in¢ludcs ¢onsidcrulion of uny unu5uoI ilcms or disclosurcs in th¢ accounis, and scckin8 cxp141nalions from you as chiirily Irusi¢es conc¢ri?ing ally such maiicrs. My rolc is 10 slate wheiher any niatcrial Inaners havc comc lo my ii¢eniion Biving mc ¢aus¢ 10 bclicvc: l.'Thal accouiiiin8 records wcrc iiot kcpl in accordancc with 5cclion 386 of Ihc Companics Act 2006 2. Thal the Accounts do not a¢¢ord iyiih Ihosc a¢¢ounling rccords 3. 'fhat lh¢ accounls do noi comply wilh th¢ a¢¢ounling rcquircincn15 ofscclion 396 of¢h¢ Cofflpanics Act 2006 and with ihc mtihods and principles of ihc Charilics Siaieineni of Rccoihincnd¢d PraLliLL' applicable lo charilics pIL'parittg ihcir accoui)Is in accordancc wilh ihc I". inancial Rcportin8 Standard applicablc ii) Ihc UK and Rcpublic of Ireland 4. Th•1 Ih¢r¢ is furthei infomi41ion nccdcd for a proper uiidcrSndl of Ihc ac¢ounis lo b¢ reaehcd. Pagc S
FUL'I Events Independent Examiner's Report to thc trustees of Fuel Evcnts ('the Company,) Indcpend¢nt ex*miner's stAlem¢nl I huvc complclcd my cxaminalion 11nd have no ¢on¢ern$ in r¢sp¢¢i of Ihc mailers (l ) 10 (4) lisicd abovc and. ITr CODncciion with folloivin8 ihc Dircciions of thc Charity Commission fof Nonhcrn Ircland. I htsv¢ found no Malic thai rcquire draivin8 to your aiicnlion. Ryan Mcl-aul D"1" Carson & Co Charter¢d A¢couni4nls & Rcgisicrcd Audiiors 51 53 '1"hom&s Sireel allym¢na Co. Anirim IIT43 6A7 31 January 2024 Page 6
Fucl Evenls Statement of Financial Activitie$ for thc Year Endcd 3] January 2023 (Including Incomc and Expcnditurc ALcounl and Stdterncnt of Total Rccogniscd Gains and Losses) Unrestricltd runds Reslric¢ed funds TolAI 2023 Nolt Income EndoiYmcn¢s fruffl: Charithblc aclivilies 3,500 3.500 'roial incomc 3,500 3.500 Vxpenditure on: Chariljblc aciiviii¢s 2,574 2,574 I'oial ¢xpcndilurc 2.574 2.574) Ncl incom¢ 926 926 Ncl mov¢m¢ni in fund5 926 926 ReconciliA¢ion of funds I'oial funds broughi foNJrd .1 otal funds carried forward 12 3,757 iinr¢siricl¢ funds 4,918 Rcs¢rittcd funds 2022 Nol¢ Inconie aiid tr4iiqlowmcnl$ from: Charitable aclivilies 3.472 'roial inwmc 3,472 3,472 .xp¢ndilur¢ on; Charitablc a¢iivilics 6,417) {6,417) 6,411 10181 ¢¥widilurc Nci expciiditurc (6,417) 2.945 (2,945 Nci movcmcnt in funds <2,945) (2,945) Rctoneiliation of (units 'I'oial funds broughi forrd 5,776 6,9J7 l olal funds carried forward 12 i,992 All of th¢ charity's aclivilics dcrivc from ¢oniiftuin8 opcralions durin8 th¢ abov¢ livo pcriods. 'I"he noies on pages 9 10 16 forni an iniegral pan of111¢s¢ financial siaienicnis. Pa8c 7
Fucl Evcnts OIcElStration number: N1071560) Balanee Sheet as at 31 January 2023 2023 2022 Note Current os$ets Cash al b&nk and in h&nd 6,238 6,485 Credltors: Amounts fi411ing du¢ wlihin f)nc yeor 1.320 2.493) Nel Dsset¥ 4,918 3,992 unds of the ehArily: Re51ricted incom¢ funds R¢striclcd funds 1,161 Unrestri¢l¢d Incorne fund5 Unrc51ricicd funds 3.757 2,831 'otal funds 12 4.918 3,992 ror ihc financial ycor endi1)8 31 J&nuary 2023 th¢ chBriiy iva$ ¢n¢iil¢d io cxeinpiion froni audit undcr scclion 477 ofih¢ Companics Ac12006 rclaliii8 10 small companics. Dircciors, responsibiliiics.. I'h¢ mernbers have nol rcquircd Ili¢ charity 10 obiain an audit of ils accounls for thc ycar in quoslion i acCordlln wilh scclion 476. and I'hc dircciors acknoivlcdgc ihcir rcsponsibililies for ¢omplyin8 willi Ihe r¢quirtm¢nts of the Aci witl) r¢spccl io acc4Junling records and Ihc prcparaiion of accounts. Th¢se financial siolcmenis hav¢ bccn prepar¢d in ac¢ordan¢c wilh Ihc special provisions rclalin8 lo companies subj¢ci lo th¢ siiidll ¢ompani¢s r¢8imc wiihii) Part 15 ofihe Compani¢s Act 2006. The financial siai¢mcniS on pagcs 7 10 16 wcrc approved by Ihe Irusices. and auihoriscd for issu¢ on 31 January 2024 ond sisn¢d on Ih¢ir b¢half by: Mr PAul McNcilly "lknc nL>ies on pages 9 tr) 16 forni an intcgral pan of thcs¢ financial s18tcmenis. Pa8c 8
Fucl Event Nolcs to thc'Financial Statcmcnts for the Ycar Lndcd 31 January 2023 I Chllrily status "lThc churily is A privale company limilcd by giiaraniec, incorporuicd in Northcrn Ircland, Rnd con5cqucnily do¢s not h3vc sharL' Cupitlll. Cach of Ihc tru5lLCS is liablc lo conlribulc an umounl noi cxcccdins £ I towards the as5cIS ofihe charily in ihc cvcni of liquidaiion. "lTrJc addrcss of its rcgislcred c)ITIcc is.. 91 Shankbridge Road, Kclls ljallyincnll. Co Anirim. Dl'42 3DI. 1Th¢5c financial sialcmenis wcrc auihoriscd for issuc by the Erusiccs on 31 January 2024. 2 A¢¢ouniln2 polities Summmry of slxnificnnt nccounting pollelos nd key Jccounilng tslimMle5 'I'hc principul aecountin8 policics applied in Ihc prcparalion of ihcsc fin&inLiul slaicmcnls arc sci oui b¢low. 'I'h¢sc policics hAv¢ bn consistcntly appliod lo all ihc years prcscnlcd, unlcs5 oihcrwisc slalcd. Stntement of compliance I'he fit)an¢ial siaiciiicn15 have bc¢n pr¢parcd in accordancc will) Accounling aiid Rcporting by Charilics: Sia(cixenl of RccomnicndLd Praclicc applicablc io charilics prcpariiis ihcir accoui)t5 in accordaiicc wilh the l."inancial Rcportins Siandard dpplicablc in Ilic UK and Repiiblic of Ircland (I-.RS 102) (clTcclive l January 2019) - (Charil)LS SORP {fRS 102)). Ihc Ch&rtliLS Acl (Northcrn Ireland) lind Ihc CompaniLS Aci 2006. I'hc charity is a l)ublic BcnLfil Lnlily u5 dcfincd by rks i 02. Rasi5 of prepar.4tion A$sC and liabililies alc iniiially recogniscd at hisiorical cos1 or tr8nsaciiOli valuc unlcss othcrnvis¢ slaicd in ilic rclcvant accounlii)g policy notcs. 'I'he prcscnlalional cuircncy of the fJnaTrcial stolcmcn15 is pounds slcrling and arnounts havc bccn rounded io thc nearest £ l. Going concern -llJc financial staicrtieiiis haVL been prepared on a Eoing COllCLrn basis. I'he 'fruslecs have assessed a period of 12 rnonihs from Ihc daic of approving ihc fin(Incidl stdi¢mcnlS Iviih rcgard 10 IhL' upproprialcnLs5 of thc going concern sUMPtIon in prcparing ihc financilll Siaiemenis. Ihc 'l'riislecs belicvt ihat Ihc company ivill coniinuc as a 8oin8 ¢on¢¢rn and bc ablc lo rculisc ils ass¢ls and discharBL' ils liabiliics in Ihc nomial coursc ofbusincss. Page 9
FuL.l Events Notcs to thc FinanciAI Stalements for thc Ycar Endcd 31 .Tanuary 2023 Judgoment5 I'hc prepardtion of ihc financial siaicmenls rcquircs the Trusi¢¢s io makc jiidgcmonts, c51imalcs and a5sumpfions Ihal alTcci ihc applicalion of accounting policics and ihL' reported amoiinis of ass¢is and liabiliiics. income and cxpcn5cs. Thc cslimaics ind associaicd assumptions are based on historical cxpericnce and oihcr factors ihai ar¢ ¢onsidered to bc r¢levaDI. Aclual rcsults may diffL'r from ihesc estimales. Ineome lind endoivmenls All incoiiic is rccogniscd oncc ihcrc is i Icgal or consirueiive obliEalion lo that income aftcr any pcrfoniia¢e conditions h¢lVL bccn mci, Ihe m011n1 can bc mcasiircd rcliably cind it is probablc ihal incomc will be rcceivcd. All incomc is dllocatcd io ihc applic&blc inLomL. hcydins th1 aBgrc8dlC similar incomo lo ihol C411csory. Donuil(Jiis lind le&puciÈs Donations arc rccogniscd whL'n Ihe Lhariiy hus bccn noiificd in iyriling of boih Ihc amouni und bciilcmLnt dalc. In Ihc evcni Ihal a donaiion is SLibjeci lo condiiions Ihul rcquir¢ a Icvcl of perfomidn¢¢ by Ihc charity bcfore ihc chariiy is cnliilcd to Ihc funds. Ihc iiicomc is defcrred 4ind noi rL'cogniscd un(il eiihcr IhosL' condilions arc fully met, or thc fuifilmciil of those condilions is wholly wiihin Ihc conlrol of Ihc charity and it is probablc ihat Ihcse eonditiorns will bc fuifillcd in ihc reponin8 pcriod b:xp¢ndilure All expcndilLbre is re¢o8nis¢d on¢¢ ther¢ is a legal or ¢ons1CliVe obligation io Ihal cxpcndiiur¢, it is PTobabl¢ sciilcmenl is rcquired ynd ihc omoiint eun bc mcasiired reliubly. All cosis are Allocated io ihc applicabl¢ expcndiiurc hcadinb ihal a8grc8dic similhif Losis lo ihat clliesory. Whcre cosls Ci1nnoi bc dirccily ailribulcd to particular licadings ihey havc bL'cn allocaicd on a basis consisieni wilh th¢ use of rcsourccs, wilh ccnlrnl starr L'osls allocalcd on ihc basis of linic Spent, and dcprcciaiion charg¢s allocaicd on thc portion of thc assoi'$ us¢. Oihtsr.%upport cosis are allocaicd based on IhL sprcad ofsialT costs. Chtsrilable ucilvilies Ch8rii&blc expcndilurc compriscs ihose ¢osls incurrcd by ihc charily in ihe delivery of ils gc(ivitie$ tiid serviccs ror il.s bencficiarics. li includcs boih cosis Ihai can bc allo¢aicd directly to such activities and (hosc cosis of an indirect natur¢ n¢¢e&sary (o Support il)cm. Govorngfi¢o eosts 'rhcse include thc costs Miiribulable lo Ihe charity's ¢ompligncc wilh conslitulional and slolulory rcquiremcnl5. includinE audit, Slrat¢gic mana8emcnl and Irusi¢cs rn¢¢lings and rcimburscd ¢xpcns¢s. 'The charily is considcrcd lo pass thc lesis 5¢1 out in Paragraph I Schcdulc 6 of the I'-inance Aci 2010 and Ih¢r¢forc il Inceis Ilie dcfiniiion of a chAriiable coit)pany for IJK coryration 18x purposes. Ac¢ordinLly. Ihe charily is poi¢niially Cxcmpi from tuxaiion in respecl of incomc or capitol giiins r¢¢civcd wiihin cai¢¥ori¢s eovcrcd by Ch¥ptcr 3 Part I l of ihc Corporniion Tax Act 201 O or SL'ciion 256 of ihc Tax41ion of ChargLabl¢ Gains Act 1992, 10 ihc cxtcni ihai such incomc or Bains are applicd cxclusivcly io eharilable purposes. 'rnngiblc fixed 1l8Stts 'lai)gible fixcd assets {individually C05ling £100 or iiiorc) arc initially recorded ai cosi and subsequcnily mcasurcd at cosi, Icss accumulaled dcprtcialion and any impainncnt losses. Pagc 10
Fucl Events. Notc$ to the Financial Slatcment$ lor Ihc Year F.ndcd 31 January 2023 Depreciation and #mortisJlion Deprcciaiion is providcd on langiblc fixcd ass¢ts so as lo ivriic off thc cosl or valualion. Icss any cstimated rcsidual value, ov¢r thcir expcclcd uscful cconomic lifc as follows: Asset class l."urnilur¢ & Lquipineiii l)cpreLiAlion meihod and ro1¢ 20 % 5traighi linc basis Fund $tru¢tu r¢ Unrcsiriclcd income funds a¢¢ gcncral funds ihdt are availablc for usc al the iruslecs disereiion in furthcraAce of Ihe objcclives ofthc charily. Rcsiri¢i¢d incoiiie funds arc those doiiaied for usc in a particular arca or for spccific purposcs, Ihc usc of wliich Is rcsiriclcd io tlial arca or purposc. inanciAI instrument5 Clofsificalioii I'inancial asscis and financial liabilili¢s are recosni8cd ivhen the cliarity bccomcs a party lo Ihc coniraciual provision5 0( Ihe instrumcni. rinan¢i•l li8bililics and cquily insirumcnis are clds$ificd a¢¢ording 10 Ihc subslan¢L' of the wntractuol arranEcments cnlcrcd inio. An cqiiily insirumcni is any coniraci thai cvidcnccs 8 rL'sidual inicrL'51 in thc asscls of Ihc charily after dcductinB all ofits liabililics. Retogniiion tsnd mea.¥uremenl 13asic financial asscis All basic financial a.isclS and liabiliiios inilially rn¢r¢d ai iran.$aclion pri¢¢ (including iraiisaciion cosis) and subscquehlly carri¢d ai aniortiSLd LOSIS usin£ Ihc cffcclivc inlcrcsi Incihod, Impoirmenl I"'or financial as.4cts carricd 3¢ arnoriiscd ¢os¢, the amounl of impairniciil is ihc diffcrcn¢¢ bLtwccn ihe 8SS¢I'S carrying amount and Ihe prescnl valuc of estimaicd fulure cashflows. discountcd ai Ihc financial a55cI'5 original cff¢¢tive iniercst raic. I'or financiJl assets carricd at cosl Ic55 iinpairnicni, Ihc inipaimiciii loss is ihe ditrcrcncc bcmccn ilic asscl's carryins amouni and ihc csiiinalL of ihc aiiioiinl ihal would bc icccivcd for Ihc ass¢1 if il wcrc lo bc sold Mi ihe rcportinb daic. Whrrc indirators exist for J dccrcasc in iiTrpairrncnl 1055, und Ihc drgase can be rcluicd objcclivcly lo ali cvcnt occurins aflcr the impairnicnl was c08n1Sed, Ihc prior iinpainncn( loss is Icsicd io dctcrininc rcvcrsal. An iinpairmcni loss is r¢vcr5cd on 8n individual financial asscl lo Ihc cxlcllt Ihai ih¢ rcviscd rccovcr8blc valw does noi lead io a r¢vis¢d carrying amouni high¢r ihan ihc carying value liad no impairnicni becft r¢coBniscd. Page 11
Fuel Events Notes to the Financial Statcmcnts for thc Year Endcd 31 January 2023 3 Ineome from chAri¢%hblt Jctivities Unrcstrictod (und5 GentrAI 2023 Dortaiions and sponsorship 3,500 Unre5trictod (iinds Ceneriil I"ot411 2022 Donalions and sponsorship Magazirtc sBIcs 3,383 89 3.383 89 3,472 3,472 4 Ixpcndityro on Ch ritAblc Aclivilies UThrcsiriLi¢d fund$ Coneriil 2023 rund raisin¥ COSIS Donations ljank ¢liarycs Sundry cxpcnscs Govcrnanrc costs 1,500 65 168 720 1.500 65 168 720 2,574 2,574 Unrostrielod funds Cienernl Tntnl 2022 l."und rdising eosis Donulion5 Llaiik chargcs Dcprecialion Sundry cxpcn5C5 Governance ¢osis 2,289 1,500 127 1,443 458 600 2.289 1.500 127 ,443 458 600 6,417 6,417 £2,574 (2022 - £6.4171 of lh¢ 8bovc cYpcnditur¢ w&8 attribuublc to unrc5¢ricied fund5 and £Nil {2022 - £Nil} to resiricicd funds. Pagc 12
Fui,l Evc'nts Noles to the Financial Statements for the Year Fandcd 31 January 2023 S Annlysls of govcrnancc llnd support cosls Governllnce costs Unreslricled funds General 'I"otThl funds Indep¢ndcJ)I cxamincr fces EA4niinaiion ofihc financial siai¢m¢n15 720 720 TOLMI for 2023 720 720 Toi#l for 2022 600 600 6 "fruytLD¢S r¢munerMtlon ¢xp¢n$e$ No Irusices, noi any pcrsons connccicd wilh thcm, hav¢ rc¢¢ivcd any rcmun¢rdiion froin thc charity durin8 ihc 7 Independent examiner'3 remuncrutlTrn 2023 2022 Ex8minalion ofihe finHnciHI sly¢cmcnlS 720 600 8 .1 iiAM¢ion Thc charity is # regisiercd chariiy and is thereforc cxcmpi fmm t¥11011. Pa8c 13
Fuel Event Notes ¢0 the Finan¢ial Statcm¢nts for tho Year FJnded 31 .lanuary 2023 9 .1 Mngible fixed issets urniturc Ad cqtsipment 'rollll Cost Ai l Fcbrnary 2022 13,842 13,842 Ai 31 JanuAry 2023 13.842 13.842 l)epre¢i.?lion Ai I l."cbniary 2022 13,842 13,842 Ai 31 January 2023 13,842 13,842 Nel book vnlue Ai 31 J8nu8ry 2023 Al 31 JThnuary 2022 I O CAsh And cnsh equivnlent 2023 2022 Cash al bank 6,485 I I Crtditors.. Amounts fnlling due within one yoar 2023 2022 'rrustcc$ current a¢¢ounlS A¢¢rnals 1,893 600 1,320 1,320 P8gc 14
Fucl Fjvents NDtes to thc Financial St2temcnts for the Year Endod 31 January 2023 12 Funds BAIMnce ill I ebruAry 2022 Incoming resources Resourccs expended Baliince at 31 Januyry 2023 Unrestrictcd funds Gencral 2.831 3.500 (2.574) 3,757 RestTieted (unds 'otnl fund8 3,992 3.500 12.574) 4,918 Unrestritltd fund$ BAlan¢¢ At "¢brunry 2021 Incornln& re¥ources Rosourcel expended BnlaTice 31 Januury 2022 Unrestricted fund. Gcncral 5,776 3,472 (6,417) 2,831 Restricted funds Total funds 6,937 6,417 3,992 Pagc 15
Fucl Evcnl Notc8 to Ihc Financial S12tcments for the Year Ended 31 .lanuary 2023 IJ Analysi.$ of nel Rs.sci$ beiw¢en f¥nds Unrcslricled funds Gtnoral Tol*l funds at 31 JiJnuTrry 2023 Ro51rirt¢d Cunds Currcni JLSSLIS Curreni liabilitie$ 5.077 1,320 6,238 1.320) 'roial nel asscts 3.757 4.918 Unreslrlrted funds Ccnernl 'rotSbl funds at 31 JAnu:iry' 2022 Res¢ritt¢d rund$ Currcni aslcis Currcni liabilitics 5.324 (2.493) 6,485 2.493) "rol41 ncl asS¢lS 2,831 3.992 14 Rel#¢ed p4riy triin5xcIion5 l)urin8 ihc ycar thc charily niad¢ ihc Colloivin8 r¢laicd p•rty irnnsaciions: MT I•Aul McNeilly {Tnisi¢e) Historic loans lo eharity and subsequcnl rtpaymcnls back 10 'l'rusiee in Ihc currcni and prior years. Al Ihc balance shcct dalc ilic ainotini duc lolfroin to Mr l)aul McNcilly wlls £Nil {2022 . £1,893). Mrs l. M¢Neilly (I'Nstoc) PaymLnt ol'£1,420 in ihc prior yc4r in rcspccl of cosls incurrcd in producing annual magazine of ihc Charity. At Ihc balancc shcci datc ihc amount due lfroM Mrs L McNcilly was £Nil (2022 - £Nil), Ylppee Lvonts Llmlted (A conipony wh¢rc P McNcilly. Trusiec orruel Evcnls. is a director and shareholdcr) Donalion of £3.500 rC1Ved in iht currcnl ycar. Ai ihc balance $h¢ei daic ihc amouni duc loifroiii Yippcc rvcnis Limiied £NAI (2022 - &Nil). Pasc 16