IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.1.23 31.12.23 31.12.23 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0363182022-12-31NI0363182023-12-31NI0363182023-01-012023-12-31NI0363182021-12-31NI0363182022-01-012022-12-31NI0363182022-12-31NI036318ns0:CharitableCompanyLimitedByGuarantee2023-01-012023-12-31NI036318ns15:PoundSterling2023-01-012023-12-31NI036318ns11:FRS1022023-01-012023-12-31NI036318ns11:IndependentExaminationCharity2023-01-012023-12-31NI036318ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-31NI036318ns11:FullAccounts2023-01-012023-12-31NI036318ns11:CharitiesSORP2023-01-012023-12-31NI036318ns16:EnglandWales2023-01-012023-12-31NI036318ns11:RegisteredOffice2023-01-012023-12-31NI036318ns0:Trustee22023-01-012023-12-31NI036318ns0:Trustee32023-01-012023-12-31NI036318ns0:Trustee12023-01-012023-12-31NI036318ns0:Trustee42023-01-012023-12-31NI036318ns0:Trustee52023-01-012023-12-31NI036318ns0:Trustee62023-01-012023-12-31NI036318ns0:Trustee72023-01-012023-12-31NI036318ns0:Trustee82023-01-012023-12-31NI036318ns0:Trustee92023-01-012023-12-31NI036318ns11:CompanySecretary12023-01-012023-12-31NI036318ns0:TotalUnrestrictedFunds2023-01-012023-12-31NI036318ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31NI036318ns0:Activity82023-01-012023-12-31NI036318ns0:Activity8ns0:TotalUnrestrictedFunds2023-01-012023-12-31NI036318ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-01-012023-12-31NI036318ns0:Activity82022-01-012022-12-31NI036318ns0:TotalUnrestrictedFunds2022-12-31NI036318ns0:TotalRestrictedIncomeFunds2022-12-31NI036318ns0:TotalUnrestrictedFunds2023-12-31NI036318ns0:TotalRestrictedIncomeFunds2023-12-31NI036318ns0:TotalUnrestrictedFundsns10:WithinOneYear2023-12-31NI036318ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-12-31NI036318ns10:WithinOneYear2023-12-31NI036318ns10:WithinOneYear2022-12-31NI036318ns0:TotalUnrestrictedFundsns10:AfterOneYear2023-12-31NI036318ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2023-12-31NI036318ns10:AfterOneYear2023-12-31NI036318ns10:AfterOneYear2022-12-31NI036318ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-01-012023-12-31NI036318ns10:FurnitureFittingsToolsEquipment2023-01-012023-12-31NI03631822023-01-012023-12-31NI03631832023-01-012023-12-31NI036318ns10:OwnedAssets2023-01-012023-12-31NI036318ns10:OwnedAssets2022-01-012022-12-31NI036318ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-12-31NI036318ns10:FurnitureFittings2022-12-31NI036318ns10:FurnitureFittings2023-01-012023-12-31NI036318ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-12-31NI036318ns10:FurnitureFittings2023-12-31NI036318ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-12-31NI036318ns10:FurnitureFittings2022-12-31
REGISTERED COMPANY NUMBER: NI036318 (Northern Ireland)
REGISTERED CHARITY NUMBER: 101326














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FOUNTAIN (NI) LIMITED - THE

FOUNTAIN (NI) LIMITED - THE

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 11

FOUNTAIN (NI) LIMITED - THE (REGISTERED NUMBER: NI036318)

REPORT OF THE TRUSTEES
for the Year Ended 31 DECEMBER 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have prepared the financial statements in accordance with the Companies Act 2006 and the requirements of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objectives are for the public benefit as set out in the Articles of Association and are restricted to the following:

(a) to advance the Christian Religion
(b) to promote the benefit of the inhabitants of Northern Ireland with particular emphasis on young people but without distinction of sex, sexual orientation, race or of political, religious or other opinion by associating together the said inhabitants in a common effort to relieve poverty and advance education and to provide facilities in the interests of social welfare for the recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.

Significant activities
The charity operates a youth centre called the Fountain Centre, for the children and young people living in the area of Kesh and the surrounding areas of North Fermanagh.

Public benefit
The direct benefits which flow from the purposes of The Fountain (NI) Limited include provision of a range of religious, social, educational and recreational activities mainly based within the Fountain Centre, Kesh for members of the local community and from the surrounding areas of North Fermanagh, providing them with the opportunity to avail of activities that assist and improve understanding and knowledge of the Christian religion, educational attainment, health, social interaction and their conditions of life through accessing services and activities that would not normally be made available to them. Examples are youth connect groups, youth clubs, facilities that are appropriate for scouts and guides organisations, keep fit classes, rooms for prayer and worship meetings for children and young people, indoor football, badminton, party events and outreach events for the community.The Fountain (NI) Limited also provides space for local organisations and charities to meet allowing these organisations and charities to function in a manner that they could not previously attain.

Benefits of the activities are evidenced by the measurement of numbers from our purposes are that The Fountain (NI) Limited members and their families can participate in all activities that are operated and this is incidental and necessary to ensure that all members of the district can potentially benefit.

The Trustees seek to ensure that the Public benefit requirement is considered and The Fountain (NI) Limited facilitates the advancement of the Christian Religion and having due regard to the Charity Commission guidance on public benefit.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a memorandum and articles os association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company was incorporated on 8 June 1999 and registered with the Charity Commission for Northern Ireland on 5 February 2015.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
NI036318 (Northern Ireland)

Registered Charity number
101326


FOUNTAIN (NI) LIMITED - THE (REGISTERED NUMBER: NI036318)

REPORT OF THE TRUSTEES
for the Year Ended 31 DECEMBER 2023


Registered office
The Fountain Youth Centre
54 Drumwhinney Road
Rosscolban
Kesh
Co. Fermanagh
BT93 1TN

Trustees
Mrs R Beare
Mr A Crawford
Mrs E Jones
Mr T K Boyle
Mrs J Parkinson
Mr J Curtis (resigned 4.9.23)
Mr G Knox
Mr P Booth (resigned 4.9.23)
Rev. F Rutledge (resigned 4.9.23)

Company Secretary
Mrs R Beare

Independent Examiner
Mr Thomas S Patton FCA
Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT

Approved by order of the board of trustees on 13 September 2024 and signed on its behalf by:





Mrs E Jones - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
FOUNTAIN (NI) LIMITED - THE


I report on the accounts of the company for the year ended 31 December 2023, which are set out on pages four to eleven.

Respective responsibilities of charity trustees and examiner
As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.

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 accounts under Section 65 of the Charities Act
- follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act
- state whether particular matters have come to my attention.

Basis of the independent examiner's report
I 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 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison 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.

My role is to state whether any material matters have come to my attention giving me cause to believe:

1. That accounting records were not kept in accordance with Section 386 of the Companies Act 2006
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the 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
4. That there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.








Mr Thomas S Patton FCA

Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT

13 September 2024

FOUNTAIN (NI) LIMITED - THE

STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 DECEMBER 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 13,529 6,425 19,954 18,559

Other trading activities 2 2,228 - 2,228 1,766
Investment income 3 17,666 - 17,666 17,666
Total 33,423 6,425 39,848 37,991

EXPENDITURE ON
Raising funds 15,858 65 15,923 17,068

Charitable activities
Other trading activities - - - 598

Other 12,775 - 12,775 12,312
Total 28,633 65 28,698 29,978

NET INCOME 4,790 6,360 11,150 8,013


RECONCILIATION OF FUNDS
Total funds brought forward 233,534 - 233,534 225,521

TOTAL FUNDS CARRIED FORWARD 238,324 6,360 244,684 233,534

FOUNTAIN (NI) LIMITED - THE (REGISTERED NUMBER: NI036318)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 436,925 - 436,925 449,108

CURRENT ASSETS
Cash at bank 13,842 6,360 20,202 14,535

CREDITORS
Amounts falling due within one year 8 (449 ) - (449 ) (449 )

NET CURRENT ASSETS 13,393 6,360 19,753 14,086

TOTAL ASSETS LESS CURRENT
LIABILITIES

450,318

6,360

456,678

463,194

CREDITORS
Amounts falling due after more than one year 9 (211,994 ) - (211,994 ) (229,660 )

NET ASSETS 238,324 6,360 244,684 233,534
FUNDS 10
Unrestricted funds 238,324 233,534
Restricted funds 6,360 -
TOTAL FUNDS 244,684 233,534

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


FOUNTAIN (NI) LIMITED - THE (REGISTERED NUMBER: NI036318)

BALANCE SHEET - continued
31 DECEMBER 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 13 September 2024 and were signed on its behalf by:





Mrs E Jones - Trustee

FOUNTAIN (NI) LIMITED - THE

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Financial Reporting Standard 102 'The Financial Reporting Statnard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Freehold property - 2% on cost
Fixtures and fittings - 20% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Grants
Grants that relate to specific capital expenditure are treated as deferred income which is then credited to the income and expenditure account over the related asset's useful life. Other grants are credited to the income and expenditure account when received.


FOUNTAIN (NI) LIMITED - THE

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023


2. OTHER TRADING ACTIVITIES
31.12.23 31.12.22
£    £   
Hire of hall 1,778 1,360
Re-cycling income 365 404
Pole rent received - 2
Sundry 85 -
2,228 1,766

3. INVESTMENT INCOME
31.12.23 31.12.22
£    £   
Deferred grant released 17,666 17,666

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.23 31.12.22
£    £   
Depreciation - owned assets 12,183 12,312

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.


6. STAFF COSTS
31.12.23 31.12.22
£    £   
Wages and salaries 640 360
640 360

The average monthly number of employees during the year was as follows:

31.12.23 31.12.22
Administration 1 -

No employees received emoluments in excess of £60,000.

FOUNTAIN (NI) LIMITED - THE

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023


7. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 January 2023 and 31 December 2023 583,231 16,715 599,946
DEPRECIATION
At 1 January 2023 136,711 14,127 150,838
Charge for year 11,665 518 12,183
At 31 December 2023 148,376 14,645 163,021
NET BOOK VALUE
At 31 December 2023 434,855 2,070 436,925
At 31 December 2022 446,520 2,588 449,108

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Accruals and deferred income 449 449

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Deferred government grants 211,994 229,660

Other creditors includes a deferred grant of £211,994 (2022:£229,660).

10. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 43,534 4,790 48,324
Property Capital Fund 190,000 - 190,000
233,534 4,790 238,324
Restricted funds
Duke of Edinburgh Awards Scheme - 6,360 6,360

TOTAL FUNDS 233,534 11,150 244,684

FOUNTAIN (NI) LIMITED - THE

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023


10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 33,423 (28,633 ) 4,790

Restricted funds
Duke of Edinburgh Awards Scheme 6,425 (65 ) 6,360

TOTAL FUNDS 39,848 (28,698 ) 11,150


Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 35,521 8,013 43,534
Property Capital Fund 190,000 - 190,000
225,521 8,013 233,534
TOTAL FUNDS 225,521 8,013 233,534

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 37,991 (29,978 ) 8,013

TOTAL FUNDS 37,991 (29,978 ) 8,013

FOUNTAIN (NI) LIMITED - THE

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023


10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.1.22 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 35,521 12,803 48,324
Property Capital Fund 190,000 - 190,000
225,521 12,803 238,324
Restricted funds
Duke of Edinburgh Awards Scheme - 6,360 6,360

TOTAL FUNDS 225,521 19,163 244,684

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 71,414 (58,611 ) 12,803

Restricted funds
Duke of Edinburgh Awards Scheme 6,425 (65 ) 6,360

TOTAL FUNDS 77,839 (58,676 ) 19,163

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.