FERMANAGH FUN FARM C.I.C.

Company limited by guarantee

Company Registration Number:
NI663566 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 August 2023

Period of accounts

Start date: 1 September 2022

End date: 31 August 2023

FERMANAGH FUN FARM C.I.C.

Contents of the Financial Statements

for the Period Ended 31 August 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FERMANAGH FUN FARM C.I.C.

Directors' report period ended 31 August 2023

The directors present their report with the financial statements of the company for the period ended 31 August 2023

Directors

The director shown below has held office during the whole of the period from
1 September 2022 to 31 August 2023

Alan Potters


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 April 2024

And signed on behalf of the board by:
Name: Alan Potters
Status: Director

FERMANAGH FUN FARM C.I.C.

Profit And Loss Account

for the Period Ended 31 August 2023

2023 2022


£

£
Turnover: 57,902 29,918
Cost of sales: ( 11,481 ) ( 14,752 )
Gross profit(or loss): 46,421 15,166
Administrative expenses: ( 94,236 ) ( 88,018 )
Other operating income: 33,637 72,852
Operating profit(or loss): (14,178) 0
Interest payable and similar charges: ( 342 )
Profit(or loss) before tax: (14,520) 0
Profit(or loss) for the financial year: (14,520) 0

FERMANAGH FUN FARM C.I.C.

Balance sheet

As at 31 August 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 31,780 32,042
Total fixed assets: 31,780 32,042
Current assets
Debtors: 4 3,595 13,814
Cash at bank and in hand: 12,952 12,857
Total current assets: 16,547 26,671
Creditors: amounts falling due within one year: 5 ( 48,972 ) ( 40,614 )
Net current assets (liabilities): (32,425) (13,943)
Total assets less current liabilities: (645) 18,099
Creditors: amounts falling due after more than one year: 6 ( 7,026 ) ( 11,250 )
Total net assets (liabilities): (7,671) 6,849
Members' funds
Profit and loss account: (7,671) 6,849
Total members' funds: ( 7,671) 6,849

The notes form part of these financial statements

FERMANAGH FUN FARM C.I.C.

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 April 2024
and signed on behalf of the board by:

Name: Alan Potters
Status: Director

The notes form part of these financial statements

FERMANAGH FUN FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.The company recognises revenue when:The amount of revenue can be reliably measured;It is probable that future economic benefits will flow to the entity;and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:Fixtures and fittings - 5 years straight line

    Other accounting policies

    The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

FERMANAGH FUN FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 15 15

FERMANAGH FUN FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2022 51,177 51,177
Additions 12,467 12,467
Disposals
Revaluations
Transfers
At 31 August 2023 63,644 63,644
Depreciation
At 1 September 2022 19,135 19,135
Charge for year 12,729 12,729
On disposals
Other adjustments
At 31 August 2023 31,864 31,864
Net book value
At 31 August 2023 31,780 31,780
At 31 August 2022 32,042 32,042

FERMANAGH FUN FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

4. Debtors

2023 2022
£ £
Trade debtors 3,595
Other debtors 13,814
Total 3,595 13,814

FERMANAGH FUN FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 3,000 3,000
Accruals and deferred income 23,350 37,614
Other creditors 22,622
Total 48,972 40,614

FERMANAGH FUN FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 7,026 11,250
Total 7,026 11,250

COMMUNITY INTEREST ANNUAL REPORT

FERMANAGH FUN FARM C.I.C.

Company Number: NI663566 (Northern Ireland)

Year Ending: 31 August 2023

Company activities and impact

Within the year ended 31st August 2023, Fermanagh Fun Farm C.I.C. ran and provided public benefit in a series of ways:- By running multiple charitable and social enterprise awareness days, raising money for both the local community and local charities/social enterprises- By donating time, resources and money to local/charitable enterprises which directly improve local servicesIn addition Fermanagh Fun Farm C.I.C. runs various social enterprise days, inviting the local community to interact with animals on the farm, provide education and other local social enterprises.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

The director received remuneration of £8,558. There was a loan repayment to the director of £5,300.The director loaned £18,400 in the period.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
17 April 2024

And signed on behalf of the board by:
Name: Alan Potters
Status: Director