Company Registration Number: N1605815 Charlty Registration number: 101143 DSG2010 (Charitsble Company Limited by Guarantee) Annual Report and Financlal Statements for the year ended 31 January 2025
DSG2010 (Charitable Company Limited by Guarantee) CONTENTS Page General Information Directors, Report Independent Examiner's Report Statement of Flnancial A¢tivltles Statement of Financial Posltlon Notes to the Financial Statements 9-17
DSG2010 (Charitable Company Limited by Guarantee) GENERAL INFORMATION Board of Directors Mrs A. Adams Ms L. Blaney Mr E. Giboney Mrs A. Monteith Mrs C. Anderson (appointed June 20241 Mrs D. Aley Mr H. Dickson Mrs M. Mccance Mrsj. Murphy Registered Office 66 Dreenan Road Beragh Omagh Co Tyrone BT79 OSH Company Registration Number Charity Registratlon Number N1605815 101143 Independent Auditors Ruddell and Company Chartered Accountants and Registered Auditors 16-18 Church Street Dungannon Co Tyrone BT716AB Bankers Santander Business Banking Operations Sunderland SR43 4FW
DSG2010 {Charitable Company Limited by Guarantee) DIRECTORS, REPORT for the ear ended 31 Janua 2025 The direttors, who are the trustees for the purpose of charity law, have the pleasure in presenting their Report and the Financial Statements of the charitable company for the year ended 31 January 2025. The financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (FRS 1021, United Kingdom Generally Accepted Accounting Practice and the Companies Act 2006. Reference and Admlnlstration Details The reference and administration details of the charitable company are as shown on page 2. Objectives and Activltles The objettives of the DSG2010 company is to relieve poverty, advance education and for the protection of health among people of Drumnakilly. It does this through activities including providing transport to a local luncheon club for seniors, holding social evenings, cultural events, networking Seniors Christmas lunch, Drug and Alcohol awareness workshops, Old Tyme Dancing, a Walking Club, Monthly Newsletter, Craft classes, Fundraising Activities, and Training workshops. Public Benefit Statement The directors of DSG2010 confirm that they have complied with their duty under section 416} of the Charities Act INorthern Ireland) 2008 to have regard to the Charity Commission for Northern Ireland's guidance on public benefit and that the public benefit requirement has informed the activities of the charitable company in the year ended 31 January 2025. Achievements and Performance The directors are confidentth3t the charitable company continuesto meet its performance objectives to benefit the local community. The charitable company continues to receive funding from local bodies.
DSG2010 (Charitable Company Limited by Guarantee) DIREcfoRS' REPORT for the ear ended 31 Januar 2025 continued Financial Review Flnanciol Performonce The results for the year are set out in detail on pages 7 to 17. The charitable company returned net incoming resources for the year of £17,30612024: net outgoing resources of £4,685). At 31 January 2025, the total funds of the charity amounted to £79,88112024: £62,575) comprising restricted funds of nil12024: nil) and unrestricted funds of £79,88112024: £62,575). Principle sources of funding and how this has SUPPOrted the key objettives of the charitable company are disclosed in the notes to the financial statements. ResenEs Policy The charitable company does not maintain a formal reserves policy however the board of directors continue to monitor the level of reserves held by the charitable company and are actively taking Steps to increase the reserves in order to meet any unforeseen expenditure incurred. Structure, Governance and Management Organlsationalstrutture The charitable company is a company limited by guarantee, not having a share capital. The charitable company was established under a Memorandum of Association which establish the objerts and powers of the charitable company and is governed under its Articles of Association, All direttors retire from the Board at the Annual General Meeting in accordance with the Articles of Association relating to the first annual general meeting and being eligible, offer themselves for re- election. Dlrertors The directors during the year are the same as the directors listed on page 2. Taxatlon Stutus The charitable company is recognised as a charity by HM Revenue & Customs. Accordinglyi the charitable company has availed of the exemptions contained in Chapter 3 Part 11 Corporation Taxes Act 2010 and Section 256 Taxation of Chargeable Gains Act 1992. Dlrectors. Responsibilltles The direttors are responsible for preparing the Directors, Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountin8 Practieel.
D562010 (Charitable Company Limited by Guarantee) DIRECTORS, REPORT for the ear ended 31 Janua 2025 contlnued Company law requires the directors to prepare financial statements for each financial year, which 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 year. In preparing these financial statements, the directors are required to: select suitable accounting policies and apply them consistently,. observe the methods and principles in the Charities SORP IFRS1021,' make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Small Companles Exemptlon This report is prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. This report was approved by the Board of Direttors on 23 April 2025 and signed on its behalf by: Director Registered Office: 66 Dreenan Road Beragh Omagh Co Tyrone BT79 OSH Com Re i5tratlon Number: N1605815 Charit Re istration Number: 101143
DSG2010 (Charitable Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL STATEMENTS TO THE MEMBERS OF DSG2010 for the ear ended 31 Januar 2025 I report on the accounts of the charity for the year ended 31 January 2025, which are set out on page5 2tol7. Respective Responsibilities of Charity Trustees and Examiner As the charity trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to: examine the accounts under sertion 65 of the Charities Act; follow the procedures laid down in the general directions given by the Commission under section 65191(bl of the Charities Att; state whether particular matters have come to my attention. Basis of 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 65191(bl of the Charities Act. My 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 explanation from you as charity trustees concerning any such matter5. My role is to state whether any material matters have come to my attention giving me cause to believe.. that the accounting records were not kept in accordance with section 63 of the Charities Att; that the accounts do not accord with those accounting records; that the accounts do not comply with the accounting requirements of the Charities Act; that there is further information needed for a proper understanding of the accounts to be reached. Independent Examinerfs Statement I have completed my examination and have no concerns in respett of the matters111 to141 listed above and in connections with the following directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Jonathan Ruddell For and on behalf of Ruddell and Company Chartered Accountants & Registered Auditors 16 Church Street Dungannon Co Tyrone BT716AB Date
DSG2010 (Charitable Company Limited by Guarantee) Company Reglstration Number: N1605815 Charity Registratlon Number: 101143 STATEMENT OF FINANCIAL ACTIVITIES Includin an Income & Ex enditure Account For the ear ended 31 Janua 2025 Unrestricted Restrirted Funds Funds Total Funds Total Funds 2025 2025 2025 2024 INCOME AND ENDOWMENTS Charitable Activities (Note 41 Other Trading Activities (Note 41 TOTAL INCOME AND ENDOWMENTS 22,992 4,860 27,852 13,814 22,992 4,860 27,852 13,814 RESOURCES EXPENDED Charitable Activities (Note 51 TOTAL RESOURCES EXPENDED 5,686 5,686 4,860 4.860 10,546 10,546 9,129 9,129 Net Incomin8/Outgoing Resources for the Year Transfers between Funds Balance Brought Forward Balance Carried FoNiard 17,306 17.306 4,685 62.575 79,881 62.575 79,881 57,890 62,575 The above Statement of Financial Activities includes all information as required to be disclosed by the Companies Att 2006. All of the attivities of the charitable company are classed as continuing. The Statement of Financial Activities includes all gain5 and losses recognised during the year. The notes on pages 9 to 17 form an integral part of the financial statements.
D562010 (Charitable Company Llmited by Guarantee) Company Registration Number: N1605815 Charity Registration Number: 101143 STATEMENT OF FINANCIAL POSITION as at 31 Janua 2025 Note 2025 2024 FIXED ASSETS Tangible Assets 47.350 48,999 CURRENT ASSETS Cash and Cash equivalents 33,605 33,605 14,350 14,350 Payables: Amounts Falling Due Within One Year io -1,074 -774 NET CURRENT AssFrs 32,531 13,576 NET ASSErs 79,881 62,575 REPRESENTED BY: Unrestrirted Funds Restricted Funds 13 13 79,881 62,575 TOTAL FUNDS 13 79,881 62,575 The directors consider that the company is entitled to exception from the requirements to have an audit under the provisions of section 477 of the Companies Act 20061'Yhe Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. The directors acknowledge thelr responsibilities for complying with the requirements of the Companies Att 2006 with respect to accounting records and the preparation of financial statements. The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The notes on pages 9 to 17 form an integral part of the financial statements. These financial statements were approved and authorised for issue by the Board of Directors on 23 April 2025 and signed for on their behalf by.. QL Director Director
D562010 (Charitable Company Llmited by Guarantee) Company Registration Number: N1605815 Charity Reglstration number: 101143 NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Janu I. GENERAL INFORMATION DSG2010 is a charitable company limited by guarzntee incorporated in Northern Ireland, within the United Kingdom. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company. The address of the registered office is as shown on page 2. The charitable company constitutes a public benefit entity as defined by FRS 102, 2. ACCOUNTING POLICIES The following accounting policies, as outlined below, have been applied consistently in dealing with items in relation to the charitable company's financial statements. 2.1 Statement of Compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Prattice ISORPI applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 issued on 16 July 2014 las updated through Update Bulletin I published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102) and the Companies Act 2006. 2.2 Bosis of Preporotlon The financial statements are prepared on a going concern basis under the historical cost convention unless otherwise stated in the relevant accounting policy. Historical cost is generally based on the fair value of the consideration given in exchange for assets. 2.3 Cash Flow Statement The charitable company has applied Update Bulletin l as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 SORP. 2.4 Income and Endowments lil Charitable Activities Income resources from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions. It is recognised as earned as the re12ted services or goods are provided, Grant income is recogni5ed in the statement of financial activities when receivable. Grant income included in this category provides funding to support projetts and is recognised where there is entitlernent, certainty of receipt and the amount can be measured with sufficient reliability. (lil Other Trading Artlvities Voluntary income includes incoming resources from gifts, donations and grants and is recognised in full in the Statement of Financial Activities when receivable. Activities for generating funds are commercial activities which are recognised as earned when the related goods and services are provided.
DSG2010 (Charitable Company Limited by Guarantee) Company Reglstration Number: N1605815 Charlty Registratlon number: 101143 NOTES TO THE FINANCIAL STATEMEKrs For the ear ended 31 Janua 2025 continued 2. ACCOUNTING POLICIES Icontlnued) 2.5 Resources Expended Expenditure is recognised when a liability is incurred, Contractual arrangements and performance related grants are recognised as goods and services are supplied. Where costs cannot be directly attributed to a particular heading, they have been allocated to artivities on a basis consistent with use of resources. Staff costs and overhead expenses are allocated to attivities on the basis of staff time spent on those activities. li) Charitable Activities This compromises all the resources applied by the charity in undertaking its work to meet its charitable objectives. Charitable activities will include the costs of governance arrangements which relate to the general running of the charity. 2.6 Fund Accounting The charity has two types of funds for which it is responsible at year end: Unrestrlcted Funds Funds which are expendable at the discretion of the dirertors in furtherance of the objectives of the charity. In addition, funds may be held in order to finance capital investment and working capital. Restrlcted Funds- Income received for specific purposes. Such purposes are within the overall aims of the charity. 2.7 Property, Plant and Equipment and Depreciotion All property, plant and equipment are initially recorded at cost. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows.. Buildings Fixtures, Fittings and Equipment 2% Straight Line 20% Reducing balance 2.8 Financlal Instruments (i) Flnancial Assets Basic financial assets, including trade and other receivables, cash and bank balances and amounts owed by related parties and are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using he effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment Ioss 15 the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. io
DSG2010 (Charltable Company Limited by Guarantee) Company Registratlon Number: N1605815 Charlty Reglstration number: 101143 NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Januar 2025 contlnued 2. ACCOUNTING POLICIES (continued) If there 15 decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. Financial assets are derecognised when {al the contractual rights to the cash flows from the asset expire or are settled, or {bl substantially all the risks and rewards of the ownership of the asset are transferred to another party or Icl despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. (li) Flnancial Ilabilities Basic financial liabilities, including trade and other payables, bank loans and overdrafts and amounts owed to related parties are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, Using the effective interest rate method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. On this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relates. Trade payables are obligations to pay forgoods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recogni5ed initially at transartion price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged. cancelled or expires. (iii) Offsettlng Financial assets and liabilltles are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recogni5ed amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 2.9 Crftlcol accountlnq judgements ond estimation uncertalnty Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. li
DSG2010 (Charitable Company Llmited by Guarantee) Company Registration Number: N1605815 Charity Re8iStratlon number: 101143 NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Januar 2025 continued 2. ACCOUNTING POLICIES {¢ontlnued) Criticaljudgments in opplying the entity's occounting policies There are no critical judgements in applying the charity's accounting policies. Critical accounting estimotes and ossumptions There are no actual accounting estimates and assumptions. 2.10 Trade and Other Receivables Trade and other receivables are initially recorded at fair value and thereafter stated at cost less impairment losses for bad and doubtful debts. 2.11 Trnde und Other Payobles Trade and other payables are initially recognised at fair value and thereafter stated at cost. 2.12 Taxation As a charity, the charitable company is not liable to corporation tax. 3. GOING CONCERN The trustee5 have reviewed its planned expenditure for the year ahead and are satisfied that there are adequate funds in place to ensure that the charitable company can continue its activities and the financial statements for the year ended 31 January 2025 can be signed off as a going concern. 12
DSG2010 (Charitable Company Llmited by Guarantee) Company Registration Number: N1605815 Charlty Registration Number.. 101143 NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Januar 2025 contlnued 4. INCOME AND ENDOWMENTS Unrestricted Restricted Funds Funds 2025 2025 Total Total Funds 2024 Funds 2025 Charitable A¢tivitles Fermanagh & Omagh District Council NIHE Awards For All Slieve Divena John Moore Foundation Nl Lottery Fund SWAP Community Foundation Progressive Community Fund Grant Trip5 & Events Lunches & Catering Interest Other Income.. Total Income from Charitable Activlties 532 532 540 450 9.500 950 3.809 3,809 20,000 519 300 1,408 545 419 20,000 519 300 1.408 545 419 320 22,992 320 27.852 2,374 13,814 4,860 13
DSG2010 (Charitable Company Llmited by Guarantee) Company Registration Number: N1605815 Charlty Re8lstratlon Number: 101143 NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Janua 2025 continued 5. RESOURCES EXPENDED Unrestrirted Restrlcted Funds Funds Total Funds Total Funds Z025 2025 2025 2024 Charltable Activities Light and Heat Water Charges Stationery, Advertising and Website Lunches & Trips Other Artivities Repairs and Maintenance Training and Courses Insurance Independent Examiner's Remuneration Bank Charges General Expenses Depreciation 1,255 82 1,255 82 1,118 236 1,211 236 3,615 413 214 2,404 413 2,633 1,136 1,136 460 740 731 1,174 200 1,374 774 28 46 450 1,649 1,649 2,721 Total Resources Expended 5.686 4,860 10,546 9,129 14
DSG2010 {Charitable Company Limlted by Guarantee) Company Reglstration Number: N1605815 Charity Registratlon Number: 101143 NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Janua 2025 ontinued 6. NET INCOME/EXPENDITURE FOR THE YEAR Net Income/Expenditure is stated after charging.. 2025 2024 Depreciation Independent Examiner's Remuneration 1,649 1,374 4,439 774 7. STAFF COSTS AND EMPLOYEE BENEFITS The charitable company had no employee5 during the year. 7.1 Directors, Remuneration The director5 received nor waived any remuneration or any other bene*its during the year and no reimbursements of expenses incurred. 15
DSG2010 {Charitable Company Limited by Guarantee) Company Re8lstration Number: N1605815 Charlty Regi5tratlon Number: 101143 NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Janua 2025 Continued 8. TANGIBLE ASSETS BulldinBS Fixtures, Fittlngs & Equipment Totsl Cost At 31 January 2024 Additions At 31 January 2025 57,869 17,188 75,057 57,869 17,188 75,057 Depreciatlon At 31 January 2024 Charge for year At 31 January 2025 11,326 1,158 12,484 14,732 491 26,058 1,649 27.707 15,223 Carrying Amount At 31 January 2025 45,385 1.965 47.350 At 31 January 2024 46,543 2,456 48,999 10. PAYABLES: AMOUNTS DUE FALLING WITHIN ONE YEAR 2025 2024 Accruals 1,074 1,074 774 774 16
DSG2010 (Charitable Company Limited by Guarantee} Company Reglstration Number: N1605815 Charity Registration Number: 101143 NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Janua 2025 contlnued 11. ANALYSIS OF NET ASSETS Unrestrlcted Restrirted Funds Funds Total Funds Fixed Assets 47,350 33,605 -1,074 79,881 47,350 33.605 -1,074 79,881 Current Assets Current Liabilities Net Assets 12. FINANCIAL INSTRUMENTS 2025 2024 Carrying Amount of Flnancial Assets Debt Instruments Measured at Amortised Cost Carrylng Amount of Flnancial Liabilites Measured at Amortised Cost 1,074 774 13. ANALYSIS OF FUNDS Openlng Balance Income Expend- Transfer Iture Between Closing Balance Funds Fermanagh & OmaEh Distritt Council John Moore Foundation SWAP Community Foundation Total Restritted Funds 532 -532 3,809 519 -3.809 -519 4,860 4,860 Unrestrirted Funds General Funds Nl Lottery Fund Progressive Community Fund Grant Total Unrestrirted Funds 62,575 2,692 20,000 300 -5,386 59,881 20,000 -300 62,575 22,992 -5,686 79,881 Total Funds 62,575 27,852 -10,546 79.881 14. CONTINGENT LIABILITIES A contingent liability exists to repay grants received should certain conditions not be fulfilled by the charitable companv. 17