Fairgreen Trust - The iXBRL

Company Registration Number: NI054595

Fairgreen Trust - The

(A company limited by guarantee, not having a share capital)

Abridged Unaudited Financial Statements

for the financial year ended 30 April 2025

Fairgreen Trust - The

(A company limited by guarantee, not having a share capital)

Company Registration Number: NI054595

ABRIDGED BALANCE SHEET

as at 30 April 2025

			2025		2024
		Notes	£		£

Fixed Assets

Investments

4

636,057

636,057

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Current Assets

Debtors

8,450

8,450

Cash and cash equivalents

25,667

35,382

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34,117

43,832

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Net Current Assets

34,117

43,832

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Total Assets less Current Liabilities

670,174

679,889

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Reserves

Retained surplus

670,174

679,889

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Equity attributable to owners of the company

670,174

679,889

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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Directors' Report.

For the financial year ended 30 April 2025 the company was entitled to exemption from audit 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 financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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 company.

Approved by the Board and authorised for issue on 29 April 2026 and signed on its behalf by



________________________________
J Johnston
Director

Fairgreen Trust - The

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 30 April 2025

1.

General Information

Fairgreen Trust - The is a company limited by guarantee incorporated and registered in Northern Ireland. The registered number of the company is NI054595. The registered office of the company is Lackaboy, Tempo Road, Enniskillen, Co Fermanagh, BT74 4RL. The Trust is constituted under a trust deed dated 10 April 2005.

The objects of the trust are the advancement of the Christian faith, the relief of poverty, the advancement of education and the relief of sick and disabled persons and the promotion of their physical and spiritual welfare. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 30 April 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Investments

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the financial year in which it is receivable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

3.

Employees

The average monthly number of employees, including directors, during the financial year was 1, (2024 - 1).

2025

2024

Number

Number

Employees

1

1

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4.	Investments
		Other	Total
		investments

	Investments	£	£
	Cost

	At 30 April 2025	636,057	636,057
		─────────	─────────
	Net book value
	At 30 April 2025	636,057	636,057
		═════════	═════════
	At 30 April 2024	636,057	636,057
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5.

Capital commitments

The company had no material capital commitments at the financial year-ended 30 April 2025.

6.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.