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 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

FERMANAGH FUN FARM C.I.C.

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

FERMANAGH FUN FARM C.I.C.

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 51,510 57,902
Cost of sales: ( 23,234 ) ( 11,481 )
Gross profit(or loss): 28,276 46,421
Administrative expenses: ( 62,918 ) ( 94,236 )
Other operating income: 31,508 33,637
Operating profit(or loss): (3,134) (14,178)
Interest payable and similar charges: ( 342 )
Profit(or loss) before tax: (3,134) (14,520)
Profit(or loss) for the financial year: (3,134) (14,520)

FERMANAGH FUN FARM C.I.C.

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 26,051 31,780
Total fixed assets: 26,051 31,780
Current assets
Debtors: 4 2,000 3,595
Cash at bank and in hand: 28,314 12,952
Total current assets: 30,314 16,547
Creditors: amounts falling due within one year: 5 ( 59,670 ) ( 48,972 )
Net current assets (liabilities): (29,356) (32,425)
Total assets less current liabilities: (3,305) ( 645)
Creditors: amounts falling due after more than one year: 6 ( 7,500 ) ( 7,026 )
Total net assets (liabilities): (10,805) (7,671)
Members' funds
Profit and loss account: (10,805) ( 7,671)
Total members' funds: ( 10,805) (7,671)

The notes form part of these financial statements

FERMANAGH FUN FARM C.I.C.

Balance sheet statements

For the year ending 31 August 2024 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 14 April 2025
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 2024

  • 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

    Taxation: 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 2024

  • 2. Employees

    2024 2023
    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 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 0 63,644 63,644
Additions 7,000 7,000
Disposals
Revaluations
Transfers
At 31 August 2024 7,000 63,644 70,644
Depreciation
At 1 September 2023 31,864 31,864
Charge for year 12,729 12,729
On disposals
Other adjustments
At 31 August 2024 44,593 44,593
Net book value
At 31 August 2024 7,000 19,051 26,051
At 31 August 2023 0 31,780 31,780

FERMANAGH FUN FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Debtors

2024 2023
£ £
Trade debtors 3,595
Other debtors 2,000
Total 2,000 3,595

FERMANAGH FUN FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 1,500 3,000
Accruals and deferred income 420 350
Other creditors 57,750 45,622
Total 59,670 48,972

FERMANAGH FUN FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

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

2024 2023
£ £
Bank loans and overdrafts 7,500 7,026
Total 7,500 7,026

COMMUNITY INTEREST ANNUAL REPORT

FERMANAGH FUN FARM C.I.C.

Company Number: NI663566 (Northern Ireland)

Year Ending: 31 August 2024

Company activities and impact

Within the year ended 31 August 2024, Fermanagh Fun Farm CIC 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 services. In addition Fermanagh Fun Farm CIC 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 total amount repaid to directors was £11,000.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
14 April 2025

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