Company registration number.. N1071560 Charity registration number: 103081 Fuel Events (A company limited by giiarantee) Annual Report and Financial Statements for the Year Ended 31 January 20?.5
Fuel Events Conteiits Refcreiice and Administrative Details I'rustees, ReporL 2tn4 Endependcnt Exaniiner's Report $106 Statement of Fiiiancial Activities Balance Sheet Notes to the Fiiiancial Statements 9t016
Fuel Fvents Reference 2nd Administrative Details Trustees Mr Paul McNeilly Mrs Lorraine McNeilly Mr Ian David Somerville Charity Registration Number 103081 Company Registration Nuinber N1071560 The charity is incorporated in Northern Ireland. 91 Shankbridge Road Kells Ballymena Co Antrim BT42 3DL Registered Office Independent Examiner Ryan McFaul D T Carson & Co 51- 53 Thomas Street Ballymena Co. Antrim BT43 6AZ Solicitors: L'e5trange & Brett 7-9 Chi¢hesler Street Belfast BTI 4JG BAnkers Ulster Bank 49 Wellington Street Ballymena Co Antriin BT43 6AD Page I
Fuel Events Trustees, Report The trustees, who are director5 for the purposes of coinpany law, pi'e5ent the aniiual irport together witli the fin¢lncial slateincnts and aiiditor5' report of tlie charitable compaiiy for ihe }ear elided 31 Jaiiiiary 2025. Tlie rinancial Statements are also prepared to mect the reqUilentS foi. a directors. report tuid accounts for Companie5 Ath 2006 purposes. Tlie financial statements comply widi ihe Cliarities Act (Nortliem Ircland) 2008, tlie Conipanics Act 2006, Ihe Memorandum and Axi icles of Association, and Aceoiiiiting and Reporting by Charities: Siatement of Rcconimeiided Practice applicable to charities preparing their accounls in accordaiice willi tlie l-inaiicial Reporting Standard in the UK and Republic of Ireland (FRS 102) (effective l Jan 2019). Objeetives and Actiitities Objecls aiid aiiKF 'rhe company is a registered charity wliich seeks to advance the Cliristian religion for the benefit of the publi through the holdiii8 of public events wliicli promote Christian music. film and art and whicli is open to and unite5 all people iii the community. regardless of group or cultural elassification. The company aims to proniotc innovation in Christian music. film, art and tcclinology. to produce aiid preseiit cultural and educational events; to commi5sioii and tour new works of art. to broaden access and offer new opportuiiities for education. to offer event n)anagement to community and voluntary Lits organiJations' to provide a liiik bctween creative industries. technology and ediication and to provide work experience and skills developnient. Fuiidraising clisclosures Thc company has power to iiivite and accept siibscriptions, donations, dcmiseJ and bcquesls ai)d lo liold public evcnts. Acliicvcments and performanc¢ Financial review The charity retumed to running public events in tlie current finaTi¢ial year after a period of restricted activilies following ihe Covid 19 pandemic. Total unrestricted incomiiig resoui'ces for tli¢ year ainountcd to £30.6'16 (2024: £Nil) with expenditure of £26,019 (2024: £1.017) resulting in a net increase of unrestricted fiinds of £4,657 (2024: decrease of £1.017). This leave5 unrestrirted funds of £7.396 (2024.. £2,739) at the year end. Policy on reserves The Gharity aims to keep a small amount in reserves as there are no substantial ongoing commitsiieiit5. Trustees and officers The tSteeS serving during the year and since the ycar end were as follows: Trustees: Mr Paul McNcilly Mrs Lorraine McNeilly Mr lan David Somerville Page 2
Fuel Events Trustees, Report Structurep governance and management Nolure ofgoverning document Fuel Events is a company limited by guarantee and is also a recognised charity. Tlie company's governing document is the Memorandum and Articles of Association. In the event of the company being wound up truslees are required to contribute £1. Recruitment and appoinlmenl of Érustees nless otheNryse determined by ordinary resolution. the number of trustee5 shall not be less than three but shall not be subject to a maximiim. No person may be appoinl¢d as trustee unless they have attained the age of 18 and have not previously been disqualified. Induclion und trrtining of trusfees All Trustee5 are familiar ivith the role of tlie charity through their Trusteeship of the compaiiy. New Trustees would attend an orientation meeting to brief them on their legal obligations and responsibilities a5 Trustees. Arrangemenlsfor seltiiig key mftiiagenienÉpersonnel remuneralion Tlie company has the power to employ persons or to pay for ilie services of persons to achievc and manage'tlie objects oFtlie Company in it's ordinary day to day activities. No rcmuneration has been paid diiring tlie year. Oiganisalional slriiclure Tlie oi'ganisation is managed and directed by its Trustees. Relationships with related partie5 Trustees None of th¢ trustees have been paid any remuneration or received any other benefits froin employment with the charity or a related entity. Details of trdnsacttons and balances witli trustees can be found at Not¢ 14. Financial instriiments ObjeLlives ftndpolicie,Y The Lliarity 5 artivities expose it ro a number of financial risks includiiig credit risk. cashflow risk and liquidity risk. Tiie knhariiy dops not usc derivative financial instruments. Liiiiiidily risk In ol-der to niaintain liquidity to ensure that sufficient fuiids are available for ongoing operations and tuture developments. Page 3
Fuel Events Trustcesl Report The trustees (who are also the directors of Fuel Events for the purposes of company law) are respoi)sible for preparing the Iruslees, report and the financial slatemcnts in accordancc with applicable laiv and United Kingdom Accounling biandards {United Kingdom Gcnerally Accepted Aeeounting Practice), including FRS 102 "The financi1& l Reporting Standard applicable in the UK and Republic of Ireland Conipany law requires (lie trustees to preparc financial stateiiients for cach financial year. Under coinpany law the trustees must i)ot approvc ihe financial statem¢nts unless they are salisfied tliat they give a tii]e and f42ir vieiv of the state of affairs of the charitable company and of the incoming resources and applicatioii of resoui'ces. including its income and expenditure, of the charilable Company for that pcriod. In preparing ihese financial statements, the trustees are required to: select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP- makc judgements and estimates that are reasonable and prudent. state whether applicable accounting standard5, comprising FRS 102 have been followed. subject to any material departurcs disclosed and explained in the financial slatements. and prepare the financial statements on the going concem basis unless it is inappropriate to presunie that tile cliaritable company will continue in business. The trustee5 are responsible for keeping proper accounting records tliat can disclose with reasonable accuracy al any time the financial position of the charilable company and enable them to ensure that the financial statcnicnts comply witli the Conipaiiies Act 2006. They ai'c also responsible for safeguarding ihe assets of thc chai'ilablc conipany and hencc for taking reasonable steps Cor the prevention and detection of fraud and oilicr irrcgulai-ilies. SMAII companies provision statement This report has been prepared in accordance with thc small companies gime under the Companies Act 2006. annual report was approved by the trustees of tlie charity on 29 October 2025 wid sigiied on its belialf by.. Mr Paul McNeilly Trustee Page 4
Fuel Events Independent Examiner's Repoi"t to the trustees of Fuel Events {'the Compaiiy,) I report to the ¢harity trustees on my examination of the accounts of the Company for the year ended 31 January 2025. Respective responsibilities of trustee$ And examiner A5 the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirement5 of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination. it is my responsibility to: examine the accoiints linder section 65 of the Charities Act (NTorthern Ireland) 2008. follow the procedures laid down in the general Directions given by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Ath- and state whether particular matters have come to my attention. IIAsis of independent examiner's report I have exaniined your charity accounts as required under section 65 of th¢ Charities Act and my exainination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. 'nie examination included a review of the accounting records kept by the charity and a compaiison of lh¢ accounts presentLd with those records. It also incliides considerdtion of any unusual items or disclosiires in the ccounts, anil seeking explanations from you as ¢harity trustees concerning any sucli matters. My role is to state whether any material matters liave Lome to my attention giviiig me cause to believe: l. That accoui)ting records were iiol k.ept in accordance ivith section 386 of tlie Conipanies Act 2006 2. That the accounts do not a¢"ord ivith L4os¢ accouiiting records 3. Tliat tlie accounts do not comply with the acLounting rcquirements of section 396 of the Companies Act 2006 ajid ivith the metliods and principles of the Cliarities Statemcnt of Recoinmended Practice applicable to charities preparing their uccovnts in a¢cordan¢e with the Financial R.eporting Standard applicable in th¢ UK and Republic of Ireland 4. That there 1.8 fiirther iiifonnation needed for a proper understanding of th¢ accoiints to be reached. Page S
Fuel Eveiitq Independent El xaminei"'s Report to tlie trustees of Fuc.1 Events {'the CompAny') Independent examiner's stAtement I have coinplcted my cxai?iination and have Tro concenis iii respect of tlie mattcrs (l) to (4) listed above and. in connection witli following the Dircctions of the Charity Commissioii for Northerii Ireland, I have found iio matters that require di-awiiig to your attention. Ryan M¢Faul D T Carson & Co Chartered Accountants & Registered Auditors 51- 53 Tiiomas Strect Ballymena Co. Aiilriin B T43 6AZ 29 October 2025 Page 6
Fiiel Events Statement of Financial Activities for the Year Ended 31 January 2025 (Incliiding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restrieted funds Total 2025 Note liicome and Eiidowments from: Charitable c1Ctivities 30,676 30,676 Tolal inconie 30,676 30,676 Expenditure on: Charitable actiiiities 26,019) (26,019) Total expenditure 26,019) 26,019) Nel incoiiie 4,657 4,657 Net movetnent in funds 4,657 4,657 Reconcilsntion uf fiinds Total tunds brought fvrivard 'Fotal funds carried forward 2.739 1.161 3.900 12 7,396 1,161 Restricted funds 8,557 Total 2024 Unrestricted funds Note Inconio and Fdndowmenls froin: Fxpenditure on: Cliaritable activities (1,017) (1,017) Tota5 ¢xpendiftire Nel vxpeiidittire NeL Inov¢meiit in funds (1,017) (1,017) (1,017) (1.017) (I,Ol7) (1,017) Ree.onLiliation of fuiids Tota5 funds brouL,ht forward 3.756 1,161 4,917 Total funds carried fonvard 12 2.739 1.161 3,900 All of tlie charity's Activities derive from continuing operations during the above two periods. Ilotes on pages 9 to 16 fomi an integral part of these financial statements. Page 7
Fuel Li vents (Registr.qtioii number: N1071560) BalanLe Slieet as at 31 January 2025 2025 2024 Notc Current Assets Cash at blk and in hand 10 10.579 6,222 CJ'cditOJ'5: Amouiits fAlling due witl)in one year (2.022) 2,322 Iyet ssetS 8,557 3,900 Funds of I'he chai'ity: Rcstricted incoine funds Reslricled fui)ds 1,161 1,161 Unrestrieted income funds Unrestricted fund5 7,396 2,739 Total funds 12 8,557 For the financial year ending 31 January 2025 the charity was eiititlcd lo exemption from audit under seclioi) 477 of the Companies Act 2006 relatin8 to small coinpanies. Dircclors, i-esponsibililie5- The inembers liave not required tlie cliarity to obiain an aiidit of its acwunts for tlie year in question iii accordance iviili sectioii 476- and The direGtor5 a¢knowledEe their responsibilities for complying willi Il)e requircmeiits of tlie Acl wi¢li resi)cct to accountiijg i'ecords and tlie preparation of accounts. I"liese financial statement5 have been prepared in accordance with tlie special provisions relating to coiiipanics subject to the sinall companies regime within Part 15 of the Conipanies Act 2006. Thc financial statements on pages 7 to 16 were approved by the tr115tees, and authoi-ised for issue on 29 October 2025 and signed on their belialf by: (J. Mr Paul MGNeilly Trustee The note5 011 pages 9 to 16 forn] an integral part of these financial statenients. Prlge 8
Fuel Events Notes I'o the Financial Statements for the Year Ended 31 January 2025 I Charity Status The charity is a private company limited by guarantee. incorporated in Northern Ireland. and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is.. 91 Shank"bridge Road, Kells Ballymena. Co Antrim. B T42 3DL These fInCIaL statemeiits were authorised for issue by the trustees on 29 October 2025. 2 Accounting policies Summary of Significant accounting policies and key accounting estimates The principal accoLinting policies applied in tlie preparatioii of these financial stalements are set out beloiv. Tliese policies have been consistently applied to all the years presented, unless otherwise Stated. Staternent of compliance The fii)ancial statements have b.een prepared in accordance with Accounting and Reporting by Charities: St&lemei)t of ReconiinLndDI5 PracliLe appliable to ¥hariti¢s preparing. Ilieir a¢counts in accordance with the Fiiiancial Reporting Standard applicable in tlie TJK and Republic of Ireland (fpKS 102) (effective l January 2019) - (Cliaritie5 SORP (FRS 102)).. thL Charities Act (Northern Ireland) and th¢ Companies A¢t 2006. The Lharity is it Public Benefit r.ntity as defined by FRS 102. Basis ol. preparation kKssets and liabilitiC5 are initially recognised at liistorical cost or transaction value unless otherwise stated in the relevant accounting policy notès. The presentationiil Gurrency of the financial ststements is pouiids sterling and aniounts have been rounded to the ne1¢51 £1. Going concer Tlie fii)ancial staternenls have been prepared on a going concern basis. The Trustees have assessed a period of l?. month5 from the dat¢ of approving the financial statements with regard to th¢ appropriateness of the going concern assiimption in preparing the financial statements. The Trustees believe that the comp11 ny wils continiie as a going concern and bc able to rcalise ils assets and discharge its liabilties in tlie normal course of business. Page 9
Fuel Events Note8 to Ihc fi inancial Statements for the Year Ended 31 January 2025 Judgcmcnls The pi'eparation oftl)c fiiiancial statements rcquiirs the Triistecs to Inake judgements, e5titnates d islnptItsIj$ that affect the application of accountiiig poliLi¢s aiid ilie reported amouiits of assets and liabilities, inconie ai)d expenses. The estimates and associated a5SUiiiPtions are based on historical experience and other factors that are considercd to bc releVlt. Actual results may differ from these cslimates. Income And endowments All ii)coiiie is recognised once there is a legal or constructive obligatioi) to that incoine aftcr any p¢rfonndCC conditions have been met, thc amount can be me&8ured reliably and it is prob(Ible that inconie Nvill bc i'eLeived. All income is allocaled to the applicable iiicome headiiig that aggregate siinilar incoiiie to that catcgory. Doiiations alid legacies Donalions are recognised when tlie charity has been notified in writing of both the amount and settlenieiit diile. In the event that a donation is siibject to conditions tliat require a level of perforniance by thc charity beforL the harity is eiititled to the funds, the ineome is deferred and not recognised until either those conditions are fully met, or the fulfilment of tliose conditions is wholly within the Lontrol of the charity and it is probable tliat thcse conditiorns will be fulfilled in the reporting period Expenditure All expenditure is recognised once there is a legal or constructive obligation to tliat cxpenditui'e, it is probable settlemeiit is requircd and Ilie anioiint can be measiircd reliubly. All cosls are allocatcd io ihe applicable expenditui'e lieading tl)at aggregate similar costs to that category. Where costs caniiot be direcily atti'ibuted lo particular headings they have been allocated on a basis consistent will) tlie iise of i'csourccs, with ceiiti'al sta costs allocated on the basis of tiine spent. and depreciation cliar¢yes allocated on thc portioii of Ilie asset's use. Other support cost5 are alloeatcd based 011 tlie spread of stsff costs. Cliarilable activilies Charitabl¢ expeiiditure coinprises those costs incurred by thc charity in the delivery of its aclivities and 5ervicc5 for its beneficiaries. It includes both ¢05ts that can be allocated directly to such activities aiid 11i0sC Costs of an indiirct nalure necessary to support tliem. Governance costs These include the costs attributable to the charity's compliance with constitIOnal and slalutoiy requirements. including audit. strategic inanagement and trustecs mectiiigs and reimbursed expens¢s. Taxation The charity is considered to pass tlie tests set out iii Paragraph I Sclieduse 6 of the Fii)ance Act 2010 ai)d tlierefore it Ineets the definition of a charitable conipany for UK corporation tax purposc5. Accordingly, the harity is potentially exempt fi'om taxation in respect of income or capital gains received within categories overed by Chapter 3 Part I l of the Corporation Tax Act 2010 or Scction 256 of the Taxation of Cliargeabl¢ Gaiiis Act 1992, to th¢ extent that such incom¢ or gains are appli¢d exclusively to charitable purposes. Tangible fixed Assets Tangible fixed as5et5 (individually costing £100 or more) are initially recorded at cost and subsequently measured at cost, less accumulated depreciation and aiiy impairnient losses. Page 10
Fuel Events Notes to the Financial Statements for the Year Ended 31 January 2025 Depreciation and 2mortis&tion Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value. over their expected useful economic life as follows: Asset class Fumiture & Equipmenl Depreciation method and rate 200/0 Straight line basis Fuiid structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objeLtives of the charity. Restricted incoine funds are tliose donated for use in a particular area or for specific purposes. the use of iyhich is restricted to that area cr purpose. FinaiiciAI instrllnients Classificftlion Financial assets 2nd financial liabilities are recognised when the charity becomes a party to the contractual provisions of th¢ instrument. Fiiiancial liabilities and cquily instruments are classified according to the substancc of the contractual aangeMentS entered into. An equity instruinent is any contract that evidences a residual interest in the dssets of the c113rity after deducting all of its liabilities. Re.eognilion aiid meusureinent Basic financial assets All basic financial assets and liabilities are initially measured 14 t transactioii price (including transaction costs) nd subsequently carried ilt lmiortised costs Using the effective interes¢ metliod. Inipairmenl For financial assets carried at amortised cost, the amount OF impaimient is tlic differenc¢ between thc asset'5 arrying aniount and the present value of estimated future cashflows, discounted at the financial asset's original effective interest rate. For financial assets carried at Cost less impairment. the impaimient loss is the difference between the asset's carrying amount and the estimate of the amount that would be re¢eived for the asset if it w¢r¢ to be sold at thc ir.porting date. Wliere indicators exist foi- 1¢ de¢rease in impairnient loss, and the de¢re&8¢ can be relrflted objectively to an event occuring uftcr IhL iinpr?irnienl" was recognised, the prior impaimient loss is tested to detennine reversal. An inip2irmenl loss is revcr5cd on an individual financial asset to the extent that the reiii5ed recoverable value does not lead to a revised Lart)'iiig amount higher tlian the carrying value had no impainnent l)eeii recognised. Pa8e 11
uel li vents Notes to thc Financial Statenients for the Year Lndcd 31 January 2025 3 liicome (roni cliai'itlble Activitics Uiireslricted Totiil 2025 General Donations aiid sponsor511ip Eveiits 1,645 29,031 30,676 29,031 30,61C) 4 Ei xpenditui'e on chllrit8ble Activities Unrestricted fiinds General 2025 Event Losts Doiiations D211k charges Sundry expenses Goveniance costs 22,041 2,050 607 181 1,140 22,041 2.0.50 607 1,140 26,019 26,019 Unrestrictcd funds Gcneral Total 2024 Bank charge5 Governance costs 15 1,002 15 1,002 1,017 l.017 £26,019 (2024 - £1,017) of the above expenditure was attributable to unrestricted funds and £Nil (2024 - £Nil) to restricted fuiids. Page 12
Fuel Events Notes to the Financial Statements for the Year Ended 31 January 2025 S Analysis of governance gnd siipport eosts GoYernAnce cost5 Unrestricted funds General Total funds Independent examinei. fees Examination of the financial statements 1.140 1,140 Total for 2025 1,140 1,140 Total for 2024 1.002 1,002 6 Trustees remunerAtion and expenses No tivstees. nor aiiy pcr.8ons connected with them, have received any remuneration from the charity during the year. 7 Independent examinei s remuneration 2024 Examination ofihe financial statements 1,140 1,002 8 Taxation I"he ¥harity is a reryi5t¢red charity and is thercfor¢ exempt from taxation. Page 13
Fuel vcnts Notes to thL. Financial Statciiiellts for the Yeai. Ended 31 JanuAiy 20?5 9 TllnEible fixed assets Furniture Rnd cquipnient TotAI Cost At l February 2024 13,842 13,842 Al 31 Jaiiuary 2025 13,842 Depreci1< tion At l Febiwary 2024 13,842 At 31 January 2025 13.842 13,1542 Net book VAlue At 31 January 2025 At 31 Junuary 2024 10 Cnsh and cash equiv#lents 2025 2024 Ca%li at baiik 10,579 6,222 11 Ci'editors: amouiits falling due Ivitliin onc year 2024 Trustees current accounts Accruals 1.440 882 2,022 2,022 2,322 Page 14
Fuel Events Notes to the Financial Statements for the Year Ended 31 January 2025 12 Fund5 Balance at I February 2024 Incoming resource5 Resources expended BalAnce at 31 January 2025 Unrestricted funds General 2.739 30,676 (26,019) 7.396 Restricted funds 1.161 1.161 Total funds 3,900 8.557 Unrestricted funds Balance at I February 2023 Resourees expended Balance at 31 JanuAry 2024 Unrestricted funds Genei-al 3,756 (1,017) 2.739 Restric.ted funds 1,161 1,161 'rot#l funds 4,917 (1.017) 3.900 The specific purposes for whicli the funds are to be applied are as follows: Restricted Fund The resti-icted fund includes the balance of donation5 received aiid related gift aid for a Chriilmas Toy Appeal ran by the Charity. Page 15
Fuel Eveiits Notes to tlie Financial Stal'emeiits for the Ycar Ei ndcd 31 Jaiiuary 2025 13 Anmlysis of net as.$ets between fknnds Uiirestrielcd funds General I'ot41 funds #t 31 ,l#nuAI')' 2025 Restricted funds Cue1)I assets CurrLnt liabililies 9,418 2,022) 1,161 10,579 Total nct a.%sets 7,396 1,161 8,557 Uni'estricted fuilds General 7.0181 fiinds llt 31 Janu.4ry 2024 Restricted funds Current assLts Current liabilitie5 5,061 2,322) 1.161 6,222 (2,322) 3.900 Total net assets 2,739 1,161 14 Rel.4ted pRrty traiisACtir>ns Duriiig thc year ihc charity made ilie followiiig relatcd party transactions: Ilqi. Paul McNcilly (TrusteL) PtLyiiiClits of cxryeiiditure on belialf of Ilie Charity iii Ihe currenl and i)rior )'ears. Ilt Inc balanc.e shec,, dale Ihe aimount duc toifroin to Mr Paul McNeilly was £Nil (2024 - £1,440). Yii)pee FJvciIts Limited (A conipaiiy ivliere P McNLilly, Trustce of Fuel Evciits, is a director arid shareholder) Donation of ¢1,600 recLived (2024.. £3,500). At tlie balance shect date ihe amouiit due tolfrom Yippee Evenls Liinitcd was £Wil (2024 - £Nil). Page 16