Company registration number.. N1613494 Charity registration number.. NIC104807 HAPPY DAYS: EIBF LIMITED TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Happy Days: EIBF Limited Contents Page Reference and Administrative Details Trustees, Report Independent Examiner's Report Statement of Financial Activities (including Income and Expenditure Account) Comparative Statement of Financial Activities (including Income and Expenditure Account) Balance Sheet Notes to the Financial Statements 9-13
Happy Days: EIBF Limited Reference and Administrative Details For The Year Ended 31 March 2025 Trustees Ms Mary Heaney Mr Bill Morrison Mrs Orla Constant Mrs Nessa McGill Mr Karl Gebler Mr Paul Sternberg (resigned 2010112025) Ms Nomia O'Regan - Company Secretary Charity Number NIC104807 Company Number N1613494 Registered Office 20 Stranmillis Road Belfast BT9 SAA Independent Examiner Brian Stewart RBCA Limited Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG Page I
Happy Days: EIBF Limited Company No. N1613494 Trustees. Report For The Year Ended 31 March 2025 The trustees present their report and the financial statements for the year ended 31 March 2025. Objectives and Activities Aims and Objectives Our aim is to deliver a world-class arts & culture prograrnme celebrating the life and work of Samuel Beckett and other relevant writers for local, national and international audiences. Activities are held in Enniskillen and the surrounding border areas featuring world-class theatre, music, visual art. talks and events taking place in unusual venues including uninhabited islands, caves, abandoned buildings, churches and many other interesting places. The events highlight the rich literary heritage locallyi promote the area and celebrate the rich literary and artistic excellence in a border area. Local volunteers engage with local and international artists - with landscape used as background. Working with schools, the charity provides opportunities to engage with cultural creatives and participate in events. It also brings international and local artists together, providing experiences and learnings for the community. By embedding the literary heritage of the area, the aim is to highlight the importance of writers and artists on this community. Having received excellent reviews from the British, Irish and international media, the creation of world-class events enriches the community in a number of ways. Public Benefit The benefits which flow from our purpose include access to and engagement with world-class arts & cultural provision to advance the education of the public in the understanding, awareness and value of the work of Nobel Prize winner Samuel Beckett and other relevant writers. Highlighting the ties between literature and land and showcasing the literary heritage and natural beauty of Fermanagh and the surrounding region not only creates civic pride but offers opportunities to participate and/or volunteer in a range of events. Public benefit is evidenced through the delivery of activities, engagement with local schools, numbers of people engaging. feedback from participants. volunteers. audience members & funders as well as profile in local, regional and national media and independent evaluation. The charity's beneficiaries are the general public in Fermanagh and arts audiences from across the island of Ireland, Europe and beyond whilst engaging with the local communities in a number of ways from opportunities to volunteer to participation in events and promoting appreciation of the arts in the area. Furthermore. there is also a considerable benefit to the local economy. In encouraging significant number of people to some very rural and/or environmentally sensitive outdoor venues, there is a risk of unintended low-level environmental damage. However, we promote the 'Leave No Trace, ethos and we can show that this harm is outweighed by the benefits. Reference and administrative details Reference and administrative details are shown on page l. Achievements and Performance Main Achievements As part of the charity's aim is deliver and sustain a world-class arts & cultural programme celebrating the life and work of Samuel Beckett and other relevant writers for local, regional and international audiences, this year's activities included an innovation project supported by the Heritage Lottery Fund. devising a project to encapsulate the ten years of literary heritage and celebrating the contribution of volunteers, local businesses, schools and indeed the many civic and community organisations which played such a major role in the Happy Days literary experience. The aspiration to further innovate literary placemaking with a series of workshops and talks in Fermanagh included engaging with key stakeholders in the county on collaborating in a variety of ways. The projett introduced new techniques and learnings to create sustainable activities in association with the local community and organisations in the island town of Enniskillen and surrounding areas featuring workshops and design groups to test how to create a literary heritage in Enniskillen. Working with schools and volunteers. the programme included a number of projects using creative ethnography techniques as well as film, photography and digital storytelling as part of the process. The programme for the 'Yes' festival included theatre and literary talks taking place in a number of unusual venues including abandoned buildings, churches. halls and a variety of other venues. The events highlight the rich literary traditions locallyi promote the area and celebrate the rich literary culture of the region. Page 2
Happy Days: EIBF Limited Trustees. Report (continued) For The Year Ended 31 March 2025 Financial Review Financial Position The results for the year are set out on page 5. Net movement in funds in the year was a surplus of £10,121 for the year compared to £8,559 the precious year. At the year end the balances of restricted and unrestricted funds held were £31,217 (2024- £25,323} and £26,206 (2024- £21,979) respectively. Reserves Policy The Dirertors aim to maintain sufficient free reserves to enable the Charity to maintain its charitable activities at its current level. structure. Governance and Management Governing Document Happy Days: EIBF Limited. which is registered as a charity with the Charity Commission for Northern Ireland, was incorporated as a company limited by guarantee in Northern Ireland on 5 July 2012, registration number Nl 613494, with the objective of undertaking charitable activites for the benefit of the general public in Fermanagh and arts audiences from Nl, across the island of Ireland. Europe and beyond. In the event of the Company being wound up, members are required to contribute an amount not exceeding £10 each. Plans for future periods Building on the festival's literary heritage is a key ambition for the trustees with plans in place to ensure wider activities engagement with both local and international audiences. Creating a platform to broaden skillsets in the area, the trustees are working with organisations to deliver an innovative programme in this space. By collaborating with local groups lo improve wellbeing, social cohesion, increased participation, accessibility and education, the aim is to develop a sustainable pathway to celebrating literary heritage and the social advantages it brings to an area. In conjunction with the Heritage Lottery and the Young Foundation. this innovative programrne will help build on knowledge and create a sense of pride in literary heritage. The aim is also to stimulate and develop an interest in literacy of local pupils nd families in the area as well as trying to enhance creativity and development of literature, drama, music and the arts in general in an area where parents and pupils do not have access due to rurality issues. Programmes are in development to build on this and encourage community participation and leadership. The key aims of the programme include building a heritage workforce, developing new and inclusive approaches to literary heritage and developing literary heritage skills across diverse communities especially young people. Reference and administrative details Happy Days - EIBF Limited, which is registered as a charity with the Charity Commission for Northern Ireland, was incorporated as a company limited by guarantee in Northern Ireland on 5 July 2012, registration number N1613494, with the objective of undertaking charitable activities for the benefit of the general public in Fermanagh and arts audiences from across the island of Ireland, Europe and beyond. In the event of the Company being wound up, members are required to contribute an amount not exceeding £10 each. The first trustees were appointed by the members. Additional and replacement trustees are appointed by a simple majority resolution of the board or members. Trustee5 do not have a term of Offi and are not subject to retirement by rotation or re-election. Page 3
Happy Days: EIBF Limited Trustees. Report (continued) For The Year Ended 31 March 2025 Statement of Trustees. Responsibilities The trustees (who are also the dirertors of Happy Days.. EIBF Limited for the purposes of company lawl are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting standards (United Kingdorn Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial staternent unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to: selert suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP- make judgments and accounting estimates that are reasonable and prudent,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The trustee5 are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small Company Rules This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, report was approved by the board of trustees and signed on its behalf by- Ms Mary Heaney Trustee Date 30 Jan 2026 Page 4
Happy Days: EIBF Limited Independent Examiner's Report to the Trustees of Happy Days: EIBF Limited For The Year Ended 31 March 2025 report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and Basis of Report As the charity trustees of the Company land also its director5 for the purposes of company lawl, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ["the 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respert of my examination of your charity's accounts as carried out under section 65 of the Charities Act {Northern Ireland) 2008 ('the 2008 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission of Northern Ireland under section 65(9)(b) of the 2008 Act. Independent Examiner's Statement have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519){bl of the Charities Act. The examination included a review of the accounting records kept by the charity and a cotnparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: l. accounting records were not kept in respect of the Company as required by sertion 386 of the 2006 Act. 2. the accounts do not accord with those records- 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act and with the methods and principals of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- and 4. that there is further information needed for proper understanding of the account to be reached. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Brian Stewart Date RBCA Limited Linenhall Exchange 26 Linenhall Street Belfast BT2 8BG 30 Jan 2026 Page 5
Happy Days: EIBF Limited Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 Unrestricted Restricted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 35,360 104,324 139,684 72,321 EXPENDITURE ON: Charitable activities (32,478) (97,085) 1129,563) 163,762) NET INCOME 2,882 7,239 10,121 8,559 Transfers between funds 14 1.345 {1,3451 NET MOVEMENT IN FUNDS 4.227 5,894 10,121 8,559 RECONCILIATION OF FUNDS: Total funds brought forward 21,979 25,323 47,302 38,743 TOTAL FUNDS CARRIED FORWARD 14 26,206 31,217 57,423 47,302 The notes on pages g to 13 form part of these financial statements. Page 6
Happy Days: EIBF Limited Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2024 Unrestricted Restricted funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 11,000 61,321 72,321 EXPENDThURE ON: Charitable activities (7,764) {55,998) 163,7621 NET INCOME 3.236 5,323 8,559 Transfers between funds 14 (20,000) 20,000 NET MOVEMENT IN FUNDS (16,764) 25,323 8,559 RECONCILIATION OF FUNDS: Total funds brought forward 38,743 38,743 TOTAL FUNDS CARRIED FORWARD 14 21,979 25,323 47,302 The notes on pages 9 to 13 form part of these financial statements. Page 7
Happy Days: EIBF Limited Balance Sheet As At 31 March 2025 2025 2024 Unrestricted Restricted funds funds Total funds Total funds Notes FIXED ASSETS Tangible Assets 51,009 51,009 50,000 51,009 51,009 50,000 CURRENT ASSETS Debtors Cash at bank and in hand io 9,810 98,600 9,810 129,817 21,492 16,863 31,217 108,410 31,217 139,627 38,355 Creditors: Amounts Falling Due Within One Year li {117,173) (117, 173) (14,753) NET CURRENT ASSETS {LIABILITIES) (8,763) 31,217 22,454 23,602 TOTAL ASSETS LESS CURRENT LIABILITIES 42.246 31,217 73,463 73,602 Creditors: Amounts Falling Due After More Than One Year 12 (16,040) { 16,040) (26,300) NET ASSETS 26,206 31,217 57,423 47,302 FUNDS OF THE CHARrrY Restricted Funds 31,217 26,206 25,323 21,979 Unrestricted Funds TOTAL FUNDS 14 57,423 47,302 For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. On behalf of the board Ms Mary Heaney Trustee Date 30 Jan 2026 The notes on pages g to 13 form part of these financial statements. Page 8
Happy Days: EIBF Limited Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Information Happy Days.. EIBF Limited is a company limited by guarantee, incorporated in Northern Ireland, registered number N1613494 and registered charity number NIC104807. The registered office is 20 Stranmillis Road, Belfast, BT9 SAA. 2. Statement of Compliance The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)" Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. Accounting Policies 3.1. Basis of Preparation of Financial Statements The financial statements have been prepared under the historical cost convention. The charitable company is a Public Benefit Entity as defined by FRS 102. The presentational currency is £ Sterling and the level of rounding is to the nearest £. 3.2. Going Concern Disclosure There are no material uncertainties about the charity's ability to continue. 3.3. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or cornmitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 3.4. Incoming Resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charityi it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. incorne frorn donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contrarted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restrirted. 3.5. Resources Expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising artivities, events, non-charitable trading activities, nd the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated dirertly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonablei justifiable and consistent basis. Page 9
Happy Days: EIBF Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 3.6. Tangible Fixed Assets and Depreciation Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery 50k Straight line Plant & Machinery relates to a gifted asset which is a sculpture by Alan Milligan. 3.7. Cash and Cash Equivalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisltion and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. 3.8. Financial Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrurnent. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. 4. Income from Donations and Legacies 2025 2024 Unrestricted Restricted Total Total funds funds funds funds Donations and gifts Grants 35.360 35,360 104,324 11,000 61,321 104,324 35,360 104,324 139,684 72,321 The following donations and legacies are included within the total income from donations and legacies above.. 2025 2024 Unrestricted funds Total funds Arts Over Borders 35,630 11,000 The following grants are included within the total income from donations and legacies above: 2025 2024 Restricted funds Totsl funds National Heritage BAC Derry & Strdbane C BAC TEO 66,824 17,500 20,000 61,321 104,324 61,321 Page 10
Happy Days: EIBF Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 Analysis of Expenditure 2025 Activities undertaken directly Support costs {see note 6) Total Administration costs Production and venue costs 52,255 52,255 76,917 391 76,917 391 Marketing and promotion costs 77,308 52,255 129,563 2024 Activities undertaken directly Support costs (see note 6) Total Administration costs 36,126 36,126 889 Participant costs Production and venue costs Marketing and promotion costs 889 23.731 3,016 23,731 3,016 27,636 36,126 63,762 6. Support Costs 2025 Administration costs Employee costs Premises expenses General administration 28,680 3,816 18,557 336 Depreciation Interest payable 866 52,255 2024 Administration costs Employee costs Premises expenses General adrninistration 5,777 3,498 25,707 1,144 Interest payable 36,126 Page 11
Happy Days: EIBF Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 7. Independent Examiner's Remuneration 2025 2024 Independent examination of the financial statements 3,400 3,100 8. Average Number of Employees Average nurnber of ernployees during the year was= NIL (2024= ) 9. Tangible Assets Plant & Machinery Computer Equipment Total Cost As at l April 2024 Additions 50,000 50,000 1,345 1,345 As at 31 March 2025 50,000 1,345 51,345 Depreciation As at l April 2024 Provided during the period 336 336 As at 31 March 2025 336 336 Net Book Value As at 31 March 2025 50,000 1,009 51,009 As at l April 2024 50,000 50,000 10. Debtors 2025 2024 Due within one year Trade debtors other debtors 11,000 9,300 1,192 9.300 510 VAT 9,810 21,492 11. Creditors: Amounts Falling Due Within One Year 2025 2024 Trade creditors 991 Bank loans and overdrafts 10,021 9,729 3,977 1,047 Other creditors Accruals 106,161 117,173 14,753 12. Creditors: Amounts Falling Due After More Than One Year 2025 2024 Bank loans 16,040 26,300 Page 12
Happy Days: EIBF Limited Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 13. Loans An analysis of the maturity of loans is given below= 2025 2024 Amounts falling due within one year or on demand- Bank loans 10,021 9,729 2025 2024 Amounts falling due between one and five years: Bank loans 16,040 26,300 14. Movement in Funds As at l April 2024 Asat31 March 2025 Income Expenditure Transfers Unrestricted funds General.. General unrestricted fund 21,979 35,360 (32,478) 1,345 26,206 Restricted funds Restricted Fund 25,323 104,324 {97,085) (1,345) 31,217 Total funds 47.302 139,684 (129,563) 57,423 As at l April 2023 Asat31 March 2024 Income Expenditure Transfers Unrestricted funds General.. General unrestricted fund Restricted funds 38.743 11.000 (7.764) (20,000) 21,979 Restrirted Fund 61.321 (55.998) 20,000 25,323 Total funds 38,743 72.321 {63,762) 47,302 15. Transactions with Trustees None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year. 16. Related Party Disclosures There are no related party transactions. 17. Company limited by guarantee The company is limited by guarantee and has no authorised or issued share capital. The company has charitable status accepted by the Charity Commission for Northern Ireland under reference NIC104807 Page 13