Company Registration Number N1051720
Charity Registration Number NIC103252
County Fermanagh Farming Society Limited
(Charitable Company Limited by Guarantee)
Annual Report & Unaudited Financial Statements
For the Year Ended 31 December 2022

County Fermanagh Farming Society Limited
(Charitable Company Limited by Guarantee)
Contents
Page
Company Information
Directors, Report
Independent Examinerfs Report
statement of Financlal Activltles
Statement of Financlal Posltion
9-10
Notes to the Financial Statements
11-17

County Fermanagh Farming Society Limited
(Charitable Company Limited by Guarantee)
Company Information
Board of dire¢tors
John James Gunn
Lord Anthony Hamilton
Edith Marion Henderson
John Adrian Trevor Irvlne
Edward Kingdom Rogers
Company secretary
Ann Orr
Registered office
Exhibltlon and Auctlon Centre
Old Tempo Road
Ennisklllen
Co. Fermanagh
BT74 48A
Company number
N1051720
Charlty number
NIC103252
Independent Examiners
CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co Tyrone
BT71 6AP
Bankers
Ulster Bank
16 Darling Street
Ennlsklllen
Co. Fermanagh
BT74 7ER
Allled Irish Bank
2 4 East Bridge Street
Ennisklllen
Co. Fermanagh
BT74 7BT

County Fermanagh Farmlng Soclety Limited
(Charitable Company Limited by Guarantee)
Directors, Report for the year ended 31 December 2022
The Dlrectors, who are the trustees for the purpose of charTty law, have pleasure in
presenting their report and the unaudited financial statements of the charitable
company for the year ended 31 December 2022.
The flnanclal statements have been prepared in accordance wlth the Statement of
Recornmended Practice "Accounting and Reportlng by Charities" (FRS 102) and the
Companies Act 2006.
Reference and Admlnlstratlon Details
The reference and administration details of the charlty are as shown on page 2.
Objectives and Actlvltles
The objects of the charltable company shall be to:
advance, promote and Improve agrlculture In all its branches and In allled
home industries in particular by the holding of an annual show or shows,
exhlbitions and demonstrations of equipment and technlques.
promote the beneflts of the Inhabitants in Fermanagh and Its envlrons (the
area of benefit) through the advancement of educatlon, In partlcular by
promoting a knowledge and understanding of rural affairs, rural development
and envlronmental Issues and an Interest in the agrlcultural industry in
general, and the provlslon of facilities in the Interest of social welfare for
creation and other lelsure tlme occupations wlth the object of improving the
condltions of life of the said Inhabltants. and
advance and encourage the protectlon and safeguardlng of the environment.
Publlc Beneflt statement
The dlrectors of County Fermanagh Farmlng Soclety Limlted conflrm that they have
complled wlth thelr duty under section 4(6) of the Charltles Act (Northern Ireland) 2008
to have regard to the Charlty Commlsslon for Northern Ireland's guidance on publlc
beneflt and that the public benefit requirement has Informed the activities of the
charitable company in the year ended 31 December 2022.
Ach5evements and Performance
The board of directors is confident that the charlty contlnues to meet its performance
objectlves to benefit the local community. The charity continues to receive funding from
the main show they run each year.
Financial review
Financial Performance
During the year ended 31 December 2022, the charity had net outgolng resources of
£2,360 (2021: net outgoing resources £11,405).
The Fermanagh County show run In 2022 was the first slnce the COVID-19 pandemlc
and subsequent lockdown. The 2022 show was small in comparison to shows run prior
to COVID-19. The society recelved funding from DAERA, Fermanagh and Omagh Dlstrict
Councll, Northern Ireland Regional Food Programme and Vaughan Trust.
Reserves Pollcy
As a charity, the company is heavlly rellant on the Income generated by the Fermanagh
County Show. The board considers It necessary to maintaln at least £90,000 of reserves
to enable the company to continue to operate should there be any unexpected fall in
incoming resources.

County Fermanagh Farming Society Llmited
(Charitable Company Limited by Guarantee)
Directors. Report for the year ended 31 December 2022 (continued)
Rlsk management
The directors have examined the major strategic, business and operational risks which
the charlty faces and confirm that systems have been establlshed to enable regular
reports to be produced so that the necessary steps can be taken to manage these rlsks.
structure, Governance and Management.
Organlsational Structure
The charftable company is a company limited by guarantee, not havlng a share capital.
The charltable company was establlshed under a Memorandum of Associatlon which
established the objects and powers of the company and Is governed under Its Articles of
Assoclatlon.
In accordance wlth the Articles of Assoclation, the members to retire by rotation shall be
those who have been longest In office since thelr last election, and the relevant motion
wlll be put at the Annual General Meetlng. A retiring member shall be eligible for re-
election.
Directors
The dlrectors who have served durlng the year are the same as those listed on page 2
Taxation Status
The company is recognlsed as a charlty by HM Revenue & Customs. Accordlnglyi the
company has availed of the exemption5 contalned in Chapter 3 Part II Corporatlon
Taxes Act 2010 and Sectlon 256 Taxat5on of Chargeable Galns Art 1992.
Dlrectors. responslbilitles
The dlrectors are respon51ble for preparing the flnanclal statements In accordance wlth
appllcable law and United Klngdom Accountlng Standards (Unlted Klngdom Generally
Accepted Accounting Practice).
Company law requI￿S the direttors to prepare financlal statements for each flnanclal
year whlch give a true and falr view of the state of the affalrs of the charltable company
and of the incoming resources and appllcation of resources, Including the income and
expendlture, of the charitable company for that year. In preparing these financlal
statements the Dlrectors are required to:
select Suitable accountlng pollcles and apply them consistently;
observe the methods and principles in the Charlties SORP (FRS 102);
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financlal statements; and
prepare the financlal statements on the going concern basis unless it is inapproprlate
to presume that the charitable company will contlnue in operation.

County Fermanagh Farming Socffiety Llmited
(Charitable Company Limited by Guarantee)
Directors. report for the year ended 31 December 2022 (continued)
The directors are responsible for keeping adequate accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and
enable them to ensure that the financial statements comply with the Companies Att
2006. They are also responsible for safeguardlng the assets of the charitable company
and hence for taking reasonable steps for the prevention and detectlon of fraud and
other irregularlties.
Small Companies Exemptlon
The above report has been prepared In accordance with the speclal provlsions relatlng to
small companies withln Part 15 of the Companies Act 2006.
This report was approved by the board and slgned on its behalf by:
tary
Date:

County Fermanagh Farming Society Llmited
(Charitable Company Llmited by Guarantee)
Independent Examiner's Report to the members on the unaudited
financial statements of County Fermanagh Farming Society Limited for
the year ended 31 December 2022
We report on the financlal statements of the company for the year ended 31 December
2022 which are set out on pages 8 to 17.
Respectlve Responslbllitles of Directors and Independent Examiner
As the charitable company's directors, who are the trustees for Ihe purpose of charity
law, you are responslble for the preparation of the financial statements In accordance
with the requirements of the Companies Act 2006. Having satisfled ourselves that the
charitable company Ss not subject to audit under company law, and Is ellglble for
independent examination, it Is our responsibillty to:
examlne the accounts under section 65 of the Charities Act (Northern Ireland)
2008;
follow the procedures lald down In the general Directions given by the Charlty
Commission for Northern Ireland under sectlon 65(9)(b) of the Charltles Act
(Northern Ireland) 2008. and
state whether partlcular matters have come to our attentlon.
Basis of Independent Examlner's Report
We have examined your charitable company's flnanclal statements as requlred under
sectlon 65 of the Charlties Act (Northern Ireland) 2008 and our examlnatlon was carried
out in accordance wlth the general dlrectlons given by the Charity Commission for
Northern Ireland under sectlon 65(9)(b) of the Charltles Act (Northern Ireland) 2008.
The examlnatlon Included a review of the accountlng records kept by the charltable
company and a comparison of the accounts presented wlth those records. Tt also
Includes conslderatlon of any unusual Items or disclosures in the accounts and seeking
explanatlons from you as charitable company Dlrertors concerning any such matters.
Our role Ss to state whether any materlal matters have come to our attention glving us
cause to believe:
That accounting records were not kept In accordance wlth section 386 of the
Companles Act 2006; or
That the accounts do not accord with those accountlng records; or
That the accounts do not comply with the accountlng requlrements of sectlon 396
of the Companies Act 2006 and with the methods and principles of the Charltles
Statement of Recommended Practlce appllcable to charities preparlng their
accounts in accordance wlth the Flnanclal Reporting Standard appllcable in the
UK and Republic of Ireland; or
That there is further information needed for a proper under5tandlng of the
accounts to be reached.

County Fermanagh Farming Society Limited
(Charitable Company Llmited by Guarantee)
Independent Examiner's Report to the members on the unaudited
financial statements of County Fermanagh Farming Society Limited for
the year ended 31 December 2022 (Continued)
Independent Examinerf5 Statement
We have completed our examination and have no concerns In respect of the matters
listed above and, in connection with following the directions of the Charity Commlsslon
for Northern Ireland, we have found no rnatters that require drawlng to your attentlon.
CAVANAGHKELLY
Chartered Accountants & Statutory Audltors
36-38 Northland Row
Dungannon
Co. Tyrone
BT716AP
Date:

County Fermanagh Farming Society Limited
(Charitable Company Limited by Guarantee)
ststement of Financial Activities
(Ancluding an Income and Expenditure Account)
For the year ended 31 December 2022
Note
Unrestricted
Funds
Restricted
Funds
Total
2022
Total
2021
rncome and
Endowments from:
Charltable actlvlties
Total
42,306
42,306
9,970
9,970
52,276
52,276
11,173
Expendlture on:
Charitable Actlvlties
(11,851)
9,970
(1,881)
(11,575)
Interest payable and
simllar Charges
(526)
(526)
(71)
Interest recelvable and
slmilar Income
47
47
241
Net movement In
funds
(12,330)
9,970
(2,360)
(11,405)
Total funds brought
forward at l January
244,512
30,000
274,512
285,917
Total funds carrled
fornard at 31
December
232,182
39,970
272,152
274,512
The above Statement of Financlal Actlvltles Includes all informatlon as requlred to be
dlsclosed by the Companles Act 2006.
All of the actlvlties of the company are classed as contlnuing.
There is no difference between the net incomlng resource5 for the year stated above
and their historlcal cost equivalents.
The notes on pages 11 to 17 form part of the financial statements.

County Fermanagh Farming Society Limited
(Charitable Company Limited by Guarantee)
statement of Financial Position (Balance Sheet)
As at 31 December 2022
Note
2022
2021
Non-current Assets
Propety, Plant and equipment
183,450
178,163
Current Assets
Debtors
Cash at bank on deposlt
Cash at bank and in hand
io
li
18,463
31,339
31,347
Payables: Amounts falllng
due within one year
91,414
99,041
12
Net Current Assets
Total assets current
Ilabilltles
272,152
274,512
Provisions for Ilabilltles
Net Assets
13
272 152
274 512
Represented by:
Unrestrlcted Funds
Restrlcted Funds
14
232,182
244,512
272 152
274 512
The directors, statements on the following page forms part of the Statement of Flnanclal
Position.
The notes on pages 11 17 form part of the flnancial ststements.

County Fermanagh Farmlng Society Limited
(Charitable Company Limited by Guarantee)
Statement of Flnancial Position as at 31 December 2022
(continued)
These flnanclal statements have been prepared In accordance wlth the provisions
applicable to small companies regime withln Part 15 of the Companies Act 2006.
For the financial year ended 31 December 2022 the company was entitled to exemption
from audlt under section 477 of the Companies Act 2006.
The directors confirm that the members have not required the company to obtain an
audit of its financlal statements for the year In questlon In accordance with sertion 476
of the Companies Act 2006.
The dlrectors acknowledge thelr responslblllties for ensurlng that the charitable company
keeps accounting records whlch comply wlth Section 386. and for preparlng flnancial
statements whlch give a true and fair view of the state of affalrs of the charitable
company as at the end of the financial year and of its Incomlng or outgoing resources
for the financlal year In accordance with the requlrements of sectlons 394 and 395 and
which otherwlse comply wlth the requirements of the Companies Act 2006 relatlng to
flnanclal statements, so far as appllcable to the charltable company.
The notes on pages 11 to 17 form an integral part of the flnancial statements.
The flnancial statements were approved and authorlsed for Issue by the Board of
Directors and signed on thelr behalf by:
tho
milton
John Adr
Dlracto
n Trevor Irvlne
Directo
Date:
Company Reglstration Number: N1051720
Charlty Registration Number: NIC103252
LO

County Fermanagh Farmlng Society Llmlted
(Charitable Company Limited by Guarantee)
Notes to the Financial Statements
For the year ended 31 December 2022
l. General Xnformation
County Fermanagh Farmlng Society Limited is a charitsb5e company Ilmited by
guarantee Incorporated in Northern Ireland. In the event of the charltable company
being wound up, the liability in respect of the guarantee is Ilmlted to £1 per member of
the charitable company. The address of the registered office Is as shown on page 2.
The charltable company constitutes a public beneflt entity as deflned by FRS 102.
2. Accounting pollcle5
The followlng accounting policies have been applied consistently In dealing wlth Items
whlch are consldered materlal In relatlon to the company's financial statements.
statement of Compllance
The financlal statements have been prepared In accordance wlth Accountlng and
Reporting by Charites: Statement of Recommended Practlce (SORP) applicable to
charitles preparing their financlal statements in accordance wlth the Flnanclal Reportlng
Standard appllcable in the UK and Republlc of Ireland (FR5 102) effective l January
2021 (Second Edltion), the Financial Reporting Standard appllcable in the United
Klngdom and Republic of Ireland (FRS 102) and the Companles Act 2006.
Basls of Preparation
The flnancial statements are prepared on a going concern basls under the historical cost
convention unless otherwlse stated In the relevant accounting pollcy. Hlstorical cost Is
generally based on the falr value of the consideratlon glven in exchange for assets.
Cash Flow Statement
The charltable company has applied Update Bulletln 2 as publlshed on 5 Ortober 2018
(effectlve l January 2021) and does not Include a cash flow statement on the grounds
that it Is applying FRS 102 Sectlon IA.
Income and Endowments
(l) Donatlons, Legacies and Other Tradlng Activitles
Donation and legacy income including incoming resources from gifts, donations and
grants is recognised in full in the Statement of Flnancial Activitles when recelvable.
Other tradlng activities are commerclal actlvltles which are recognised as earned when
the related goods and services are provided.

County Fermanagh Farming Society Llmited
(Charitable Company Limited by Guarantee)
Notes to the Financial Statements
For the year ended 31 December 2022 (continued)
(li) Income from Charltable Activities
Income from charitable activities includes income received under contract or where
entitlement to grant funding is subject to specific performance conditlons. It Is
recognised as earned as the related servios or good5 are provided. Grant income
included In this category provides funding to support projects and is recognised where
there is entitlement, certainty of receipt and the amount can be measured with
sufficient reliability.
2.5 Expenditure
Expenditure Is recognised when a Ilability Is Incurred. Contractual arrangements and
performance related grants are recognlsed as goods and servlces are supplled. Where
costs cannot be directly attrlbuted to a partlcular heading they have been allocated to
actlvities on a basls conslstent with use of resources. Staff costs and overhead expenses
are allocated to activities on the basis of staff time spent on those activities.
(l) Charltable Actlvltles
This comprlses all the resources applied by the charltable company In undertaklng Its
work to meet its charitable objectives. Charitable activities will include the costs of
governance arrangements whlch relate to the general running of the charitable
company.
Property, Plant and Equipment and Depreclatlon
Property, plant and equlpment are Inltlally recorded at cost.
Depreciatlon Is calculated to write off the origlnal cost less the estlmatsd resldual value
of fixed assets over their expected useful Ilves.
Freehold Showground
Showground Development
Fixtures & Equlpment
No depreciation
20/0 Straight Llne
IOOh Reduclng Balance
Fund accountlng
The charity had two types of funds for whlch It Is responsible at the year end:
(i)
Unrestrlcted fundg
These are funds whlch are expendable at the di5cretlon of the directors in furtherance of
the objects of the charity. In additions, funds may be held order to flnance capital
investment and working capital.
(li)
Restricted funds
Income received for specific purposes. Such purposes are wlthin the overall aims of the
charlty.
Taxation
The company has charitable status and is therefore not Ilable to Corporation Tax.
12

County Fermanagh Farming Society Llmlted
(Charitable Company Llmlted by Guarantee)
Notes to the Financial Statements
For the Year Ended 31 December 2022 (continued)
Trade and other payables
Trade and other payables are inltially recognlsed at falr value and thereafter stated at
Cost.
2.10 Critical a¢countlng estlmates and Judgements
In the application of the Charity's accounting policies, the Trustees are requlred to make
judgements, estimates and assumptions about the carrying value of assets and liabilities
that are not readily apparent from other sources. The estlmates and associated
assumptions are based on historlcal experience and other factors that are considered to
be relevant. Actual results may differ from these estlmates.
The estimates and underlylng assumptlons are revlewed on an ongolng basis. Revlslons
to accounting estimates are recognised In the period in which the estimate Is revlsed
were the revlslon affects only that perlod, or in the perlod of the revision and future
perlods were the revlslon affects both current and futu￿ perlods.
Crltical judgements in applying the entity s accounting policles
There are no crltical judgements in applying the company's accounting pollcies.
Critical accounting estimates and assumptions
There are no accounting estlmates in applying the company's accountSng pollcles.
2.11 Cash & Cash Equlvalents
Cash is represented by cash In hand and deposlts with flnanclal Instltutlons repayable
wlthout penalty on notice of not more than 24 hours. Cash equivalents are hlghly liquld
Investments that mature In no more than three months from the date of acqulsitlon and
that are readily convertlble to known amounts of cash wlth Inslgniflcant rlsk of change in
value.
13

County Fermanagh Farming Society Limited
(Charltable Company Limited by Guarantee)
Notes to the Financial Statements
For the Year Ended 31 December 2022 (continued)
Income and Endowments
Charltable artivities
Unrestri¢ted
Funds
Restricted
Funds
Totsl
2022
Total
2021
Subscriptlons and donatlons
Entry fees
Gate recelpts
Trade stands
DAERA Bounce Back Support
Scheme
Miscellaneous sponsorships
Fermanagh and Omagh Distrlct
Council sponsorshlp
Vaughan's Trust
Northern Ireland Regional Food
Programme
Dept. for Communitles COVID-
19 Charltles Grants
Rent
other Income
Total Income from
Charltable Actlvltles
210
491
19,130
7,521
210
491
19,130
7,521
9,970
io
9,970
1,805
5,000
1,805
5,QOO
3,985
3,293
3,985
3,293
10,263
500
371
42,306
500
371
52,276
900
9,970
11,173
Income for the year ended 31 December 2021 comprised: unrestrlcted £11,163 and
restrlcted £10.
14

County Fermanagh Farming SocFety Limited
(Charitsble Company Limited by Guarantee)
Notes to the Financial Statements
For the Year Ended 31 December 2022 (continued)
Resources Expended
Charltable Activities
Unrestrlcted
Funds
Restrlcted
Funds
Total
2022
Total
2021
Prizes
Office expenses - postage,
statlonery
Advertising and promotional
Rent
Heat, Ilght and power
Telephone and Internet
County Show staglng costs
Securityi health and safety
Judges and stewards
Shuttle buses
Trophles and engravlng
Hospltality and entertainment
Secretarial and administratlon
salaries
Accountancy
Insurance
Companles House penalty, costs
and professional fees
Conference and afflliation fees
Mlscellaneous expenses
Depreclatlon
6,972
1,230
6,972
1,230
362
5,349
4,533
479
1,440
Ll,058
1,396
760
1,480
235
3,825
8,291
5,349
4,533
479
1,440
11,058
1,396
760
1,480
235
3,825
8,291
40
5,000
50
1,384
7,200
1,200
801
1,200
801
1,452
745
1,490
loo
202
4,806
loo
202
4,806
115
129
4,781
Total R•sour¢•s Expended
Expendlture for the year ended 31 December 2021 comprlsed: unrestricted £22,738 and
restrlcted £10.
Net Income / (expendlture) for the year
Net Income / (expenditure) Ss stated after charglng:
2022
2021
Depreciation of property, plant and equspment
Independent examiner's remuneration
Companles House penaltles, costs and accountants, fees
4,806
1,200
4,781
1,452
Independent Examlner's Remuneratlon
The independent examiner's remuneration amounts to an Independent examlnatlon fee
of £1,200 (2021: £1,452) and other accountants, fees of £- (2021: £576).
15

County Fermanagh Farming Society Limlted
(Charitable Company Llmited by Guarantee)
Notes to the Financial Statements
For the Year Ended 31 December 2022 (continued)
Dlrectors Emoluments
The directors received no emoluments durlng the period.
Liabillty of members
The organlsatlon Is a company Incorporated under guarantee and does not have share
capital. The Ilability of each member is limited to an amount not exceeding £1.
Propertyi plant and equipment
Freehold
Showground
Showground
Development
Flxtures &
Equipment
Total
Cost
At 1st Jan 2022
70,000
L48,092
45,051
263,143
Additions
At 315t Dec 2022
148 092
273 236
Depr¢¢lation
At 1st Jan 2022
Charge for year
At 31SE Dec 2022
56,303
28,677
84,980
Net Book Values
At 31st Dec 2022
183 450
At 31st Dec 2021
178 163
10.
Recelvables
2022
2021
DAERA fundlng
NI Regional Food Programme
Fermanagh and Omagh District Council
Trade debtors
9,970
3,293
5,000
200
18,463
16

County Fermanagh Farming Society Llmited
(Charitable Company Limited by Guarantee)
Notes to the Financial Statements
For the Year Ended 31 December 2022 (continued)
ii.
Cash at bank on deposit
2022
2021
Flrst Trust Bank Fixed Term deposit
Ulster Bank Limited Business Reserve
30,475
872
31,339
31,339
31,347
12.
Payables: Amount falling due wlthin one year
2022
2021
Trade and other creditors
Accrued Expendlture
Credit card
1,490
1,200
2,533
179
2,712
13.
Analysls of Net As$et5
Unrestrlthd
Funds
2022
Restrlcted
Funds
2022
Total
2021
Tangible flxed assets
Current A55ets
Current Llabilities
Deferred Grants
143,480
91,414
(2,712)
39,970
183,450
91,414
(2,712)
232,182
39,970
272,152
14.
Analysls of funds
Unrestricted
Funds
2022
Restricted
Funds
2022
Total
2021
Opening as at l January
Surplus / (deficlt) for the year
244,512
(12,330)
30,000
9,970
274,512
(2,360)
Closing as at 31 December
232 182
272 152
15.
Contlngent Liabilities
A contingent liability exists to repay grants received should certaln condltions not be
fulfilled by the company.
17