Company Number: N1017785 Charity Number: NIC101885 Omagh Ent•rprlse Company Umlted Annual Report and Audlted Flnanclal Statements For th• y￿r ended 31 March 2026 Cooper Parry Audlt (Ireland) Llmlted Chartered Accountants & Statutory Auditors Unlt 7. Dyehouse Moygashel Dungannon Co Tyrone BT71 7HB Omagh Enterprlse Company Limit (Charltable Company Limited by Guarantee) CONTENTS For the year ended 31 March 2026 Page General Inforniatlon Members. Annual Report 3-15 Dlrectors, Annual Report 16-17 Directors, Responsibiltties Statement 18 Independent Audltorfs Report 19-22 Statement of Flnanclal Actlvities (including an Income & Expendlture account) 23 Statement of Finanaal Posltion 24 Statement of Cash Hows 25 Note5 to the Flnanclal Statements 26-38 Page I Omagh Enterprise Company Limited (Charitsble Company Limited by Guarantee) GENERAL INFORMATION Dlrectors Mr Marcus Zsherwood {Chairperson} Mrs Geraldine Keys (Vice chairperson) Mrs Glenda Mcllwaine Mr Robert Brady Mr Pete Campbell Mr Stephen Donnelly Mr Barry McElduff Mrs Kathleen McGread Mr Errol Thompson Mr Allan Ralney Company Secretary Mrs Glenda Mdlwaine Reglstered offl¢e Gortrush Industrial Estate Great Northern Road Omagh Co Tyrone BT78 SLU Charlty Number NIC101885 Company Number N1017785 Audltsrs Cooper Parry Audlt (Ireland) Umlted Unit 7, Dyehotsse The Llnen Green, Moygashel Dungannon Co. Tyrone BT71 7H8 Bankers Danske Bank South Buslness Centre 45-48 Hlgh Street Portadown, Cralgavon Co Annagh BT62 ILB Al8 2-4 East Brldge Street Ennlsklllen Co. Fermana9h 8T74 78T Sollcltors Mcconnell and Fyffe The Old Rettory 21 Church Street Omagh Co Tyrone 8T78 IDG Page 2 Omagh Enterprlse Comparry Llmlted (Charltable Company Limited by Guarantee) Members. Annual R4port for the y•ar ended 31 March 2026 1.0 Introdu¢Uon 1.1 Background Omagh Enterprfse Company Limited is a local enterprise agency and social enterprlse buslness reglstered with the Charity Commission for Northern Ireland (Charlty No.. 101885). Establlshed in 1984, it has delivered business Incubation workspatr and buslness support programmes for over 40 years. Wlth the openlng of the Enterprlse & Innovation Dlgl-Hub at Mountjoy Road In October 2025, the company now manages a total property Portfolio of approximately 110,000 square feet across two sites. The comblned estate supports more than 130 bu5ine55es and over 650 Jobs in the I￿11 area, rislng towards 150 businesses and 700 Job5 a5 the Dlgl-Hub reaches full occupancy. This makes the company one of the most significant driver5 of employment and enterprise In the Fennanagh and Omagh Dlstrlrt Council area. The company's workspace range5 from 180 to 1,000 square feet and includes purpose- bullt technology Incubatlon UDIts, Innovatlon-focused office5. manufacturing and Ilght Industrlal space and the new stste-of-the-art digital workspace at the Dlgi-Hub. All workspace Is offered on Ilexlble 'easy-In, easy-out. lease terms, reflecting the needs of modern entrepreneurs and buslnesse5. The company is governed by a voluntary board of directors drawn from the local buslness communlty and supported by a strong professional management team. It has charltable status and Its core purpose, to reduce unemployment and create wealth through enterprtse, remalns as relevant today as It was in 1984. 1.2 Achlev•ments Slnc• the Pr•vlous Corporate Plan The 2021-2025 pedod was among the most signlficant In the company's history: The £6 mllllon Enterprlse & Innovatlon Digi-Hub was dellvered on time and on budget, funded by the UK Govemment's Levelling Up Fund {£4.125m), Fermanagh & Omagh Distrlct Counal {£300k), the Department for Communltles (£300k) and the company's own contribution. The fomier Omagh Health Centre on Mountjoy Road was successfully transformed into a landmark town-centre enterprise destination, officially opened by the Flrst M5nister and deputy Flrst Minister on 1st Ortober 2025. The company repald Its £300,000 loan to the Ulster Communlty Investment Trust in full in 2021. strengthenlng its balance sheet. A hlgh average rental occupan(y rate of approximately 95% was maintalned at the maln Great Northern Road campus throughout the pedod. Post-pandemlc recovery was managed efferttvelyi With programme dellverys facility hire and room booklngs returning to and eX￿edIng pre-covid levels. Strong social media and dlgital marketlng actlvity slgnlflcantly Increased the cornpany's profile, with global reach attracting ent￿prerneurs from London, the USA and Austrnlla to Omagh. Page 3 Omagh Enterprlse Company Llmlted (Charitable Company Lirnited by Guarantee) M¢fflbers' Annual Report for the year •nd•d 31 Marth 2026 (Contlnued) 1.3 Challenges ond Opportynltlos for 2026-2030 The 2026-2030 period brings both real challenge5 and substantial opportunlties: The relocation of five of Omagh's largest Schools to the Strule Shared Education Campus from 2027 will free up 5ub5tsntial town-ontre sites. Omagh Enterprlse is well positioned. and has expressed clear intent, to work wlth 5tskeholders to convert these sites into further Digi-Hub enterprise space, in line with the Fermanagh & Omagh Counal's Place Shape Plan 2035. The rapld growth of artificial intelligence and digltal technologles is transformlng every sector. The Digl-Hub is specifically deslgned to attrart and support buslnesses In these areas and the company wlll develop dedlcated Al and dlgltal skllls programmlng. The end of the Levelling Vp Fund and the evolvlng UK Shared Prosperlty Fund requi￿ the company to be proactlve In Identlfylng new capltal and programme fundlng opportunltles. Increasing demand for flexible and hybrld workspace, a trend accelerated by the pandemlc. contlnues to p￿sent opportunlty for the Dlgl-Hub model. Cross-border economlc actlvlty contlnues to grow under the Wlndsor Framework arrangements, presentlng programme and property development opportunltles. 1.4 Approach Thls plan has been developed wlth reference to: the NI Executlve Programme for Government 2024-2027; the Invest Nl Corporate Strate9yi the Fermanagh & Omagh Dlstrfct Councll Corporate Plan 2024-2028 and Community Plan 2030; the FODC Place Shape Plan 2035. the Mld & South West Reglonal Strategy; the Nl AI Strategy; the UK Industrlal Strategy and the UK Shared Pr05perlty Fund framework. 1.5 Resourcqg The company enter5 the 2026-2030 period from a posltion of flnanclal strength. The expanded property Portfollo. full repayment of borrowlngs and healthy cash reserves provlde a sound foundatlon. Staffing wlll be revlewed and expanded In Ilne with growth ambitions. The management team has the capablllty and experlence to deliver the plan's priorities. Page 4 Omagh EnteTrrlse Company Llmlted (Charitable Company Llmlted by Guarantee) Member$. Annual Report for the year end•d 31 March 2026 (Continued) 2.0 Economlc Context 2.1 Global Context The global economy in 2025-2026 is stabilising after the compounding shocks of the Covid-19 pandemic. the war in Ukraine and the associated cost-of-living crisis. Inflation across advanced economies has moderated from its 2022 peak, though central banks maintain a cautious approach to interest rate reductions. Supply chain resllience has Improved, but geopolitical uncertainty, induding conflicts in Eastern Europe and tensions In the Indo-Padfic. continues to weigh on business confidence and investment. The most significant Structural development of the current period is the acceleration of artificial intelligence and automation across all settors. This presents both opportunity, through productlvlty gains and new buslness creatlon, and challenge, partlcularly In relatlon to skllls dlsplacement and the need for rapld wortrforce adaptatlon. Northem Ireland, as a reglon wlth a strong servlces economy and growln9 dl9ltaS sector, has the potentlal to beneflt slgnlflcantly from these t￿nds. 2.2 Unlted Klngdom Context The UK economy has continued its post-pandemlc and post-Brexlt adjustment. GDP growth has been modest, publlc finances remain under p￿SSUre and public sector refo Is ongoing. The new Labour Govemment's industrial strategy and it5 focus on regional economic ￿balancIng a￿ relevant to Northern Ireland's ambltlons. The UK Shared Prosperity Fund continues to provide a mechan15m for local economlc development Investment. though at reduced scale compared to prevlous EU Structural Fund commitments. The Wlndsor Frarnework, agreed In 2023, has reduced admlnlstratlve frlctlon for Northem Ireland buslnesses and provlded greater clarfty on tradlng arrangements. Northem Ireland's unlque access to both the UK and EU slngle markets for goods is ncreaslngly recognlsed as a competltlve advantage for investment attrnction. 2.3 North•rn Ir•land Cont•xt Northern Ireland's economy has shown resllience, with ernployment rates remaining broadly stable and prfvate sector growth particularly notable in the technology and flnanclal services sectors. predominantly In Greater Belfast. The Invest Nl corporate strategy continues to prioritise innovatlon, exports and foreign direct Investment, while the Executlve's Programme for Government has committed to more reglonally balanced economic development. The Northem Ireland Al Strategy and the wlder dl9ttal agenda create partlcular opportunlty for enterprfse agencles to Oevelop specialist programming and workspace. Demand for ¢Jlgltal skllls continues to outstrip supply 51gnificandy acros5 the region. 2.4 Cross-border Context Cross-border trade and economlc cooperatlon contlnue to grow. The InterTrade1￿rand Shared Island initiative is generèting new programme and fiJnding opportunities for organlsadons operatlng on both sldes of the border. The company's geographlc posltlon, close to the border counties of Donegal, Cavan and Monaghan. and fits establlshed latlonships with Local Enterprise Offices in the Border Region remain a key asset. Page S Omagh Enterprise Company Limlt•d (Charitsble Company Limited by Guarantee) M•mbers' Annual Report for the year ended 31 March 2026 (Contlnued) 2.5 Local Cont•xt: F•rniana9h and Omagh The Fennanagh and Omagh Distrirt Council area covers approxlmately 3,000 km wlth a population of around 118.000. It accounts for 20% of Northern Ireland's land mass but only 6% of its population and jobs. The area has historically been charatterised by high public sector dependence. a strong agricultural base and relatively low levels of private sector inward investment. Key characteristics of the local economy relevant to this plan include: 940h of businesses employ fewer than 10 people; the area ￿rnaIn$ domlnated by mlcro-enterprises. The Dlgital and Creative Technologies sector. while growing from a low base, remains slgnlflcantly below the Nl average, presenting a major opportunity for the Dig1-Hub to accelerate development. Public sector employment accounts for approxlmately 300h of total employment In the area, above the Nl average, maklng the area vulnernble to changes In publlc spendlng. The Omagh Nelghbouthood Renewal Areas. particularfy Lisanelly. remaln among the m05t deprived areas In Northem Ireland, with high levels of Income, employment and skllls deprlvation. The relocatlon of five sthools to the Strule Share(1 Education Campus from 2028 will be transformatlve for the town centre, creating both regeneratlon opportunlty and the need for actlve Intervention to prevent urban decllne. The openlng of the Dlgl-Hub and the proxirnity of South West College are creating an emerglng enterprlse and skllls ecosystem In the town centre, a signlflcant asset for the comlng decade. 2.6 Company Cont•xt Omagh Enterprise Company enters thls pertod In the strongest posltlon In its hlstory: flnancially robust. higher-profile and more ambitSous than ever before. The successful delivery of the Digi-Hub has dernonstrated the company's ability to manage larye-scale capital projects and has elevated its standing with fvnders, policymakers and the business communSty. The company'5 long-term Digi-Hub vislon, developed and artlculated at the Phase II launch, sets out a compelling traJertory.' Phase Ill (2025-2030) target$ 170 businesses and 850 Jobs. Phase IV {2030-2035} envlsions a town-centre Digi-campus supportlng 300 businesses and 1,500 jobs. This plan covers Phase III and lays the groundwork for Phase IV. Page 6 Omagh Enterprlse Company Llmlted (Charltable Company Llmlted by Guarantee) Members. Annual Report for the year ended 31 March 2026 (Continued) 3.0 Mlssi•n, Wislon and Values 3.1 Mission The company's mission is to promote enterprise and support start-up, growth and social economy businesses. This mission underpins all activity. It is aligned with the priorities of key stakeholders Includlng the Department for the Economy, Invest Nl. Fernianagh and Omagh Distrlct Council and Enterprise NI, and is linked directly to the regional economic development agenda. As a registered charity, the company's mission also encompasses the reduction of poverty and unemployment through enterprise development. 3.2 Vl$lon The company's v151on is to be a world-class local enterprlse agency and a leading DSgS- Hub network for the entrepreneurs and small buslnesses of the reglon. We alm to be natlonally recognlsed model for enterprlse-led regeneratlon and a centre of ex￿llenCe for dlgital Innovation and business support. 3.3 V•lue• The misslon and vision are underplnneil by slx core values that are carrled across all areas of the oryanisation: Integrlty We commlt to being honest and fair In our deallngs wlth each other and wlth dlents and stakeholders. We will be open, transparent and professional In our handling of all publlc funds, programmes and pmjerts. Prof•$slonall$m We commit to contlnuous profe551oDal development to upgrade our individual and collective ski115 and knowledge. enabling us to deliver hlgh quality services and results for our cllents and stakeholders. Teamwork We work as hlghly motlvated indivlduals and as a multl-dlsciplinary team. We develop strong relationshlps and partner with organisations and stakeholders to achleve our mission. Respect We show equal respect to each other and everyone we have contact wlth. We are commltted to our equallty responslbllltles under Sertlon 75 of the Nl Act 1998. Creatlvlty We use creatlvlty, Imaglnatlon and Innovatlve thlnklng to develop and dellver better services for our clients and stakeholders. Enthuslasm We approach our work wlth eneryy, bellef and a reallstlc ConfideTr￿ In what we can achleve. Page 7 Omagh Enterprfse Company Llmlted (Charitable Company Limited by Guarnnte•) Members. Annual Report for the year ended 31 March 2026 (Contlnued) 4.0 Strateglc Prlorltles and ObJertlve$ The five strategic priorities provide the framework through whith the company's vision, mission and core objectives are delivered.. Pdorfty I: Flnanclal Sustainability Prforfty 2: Property Management & Development Pdortty 3: Programme Delivery & Development Priority 4: People & Skills Priorlty 5: Corporate Governance & Representation The objectives and key action5 under each priority are set out below. Flnanclal Sustalnablllty The company wlll be managed on a commerclal basls, malntalnlng Its ethos of 'proflt- maklng but not profit-taking.. The expanded property Portfollo. now includlng the Digi- Hub, signiflcantly st￿ngthen5 the income base. The priority is to fill both sites, grow faclllty hlre and conference Income and maintain stron9 flnanoal reseNes to enable future Investment. With EU progrnmme funding ended, the focus is on securlng UK Shared Prosperlty Fund, Invest Nl, Dfc and cross-border programme contracts, while ensuring long-terrn sustalnablllty through property Income. The company will also develop Its Investment strntegy to make best use of growln9 cash reserves. Objectlve Key Actlons Maxlmlse property In¢om¢ •cro•A both t•• Drive Digl-Hub occupancy to 100% by end of Year I Malntaln 95%+ occupancy at Great Northem Road campus Revlew and optlmlse rental pricing annually Develop targeted marketlng to attract dlgltsl and AI buslnesses to the Dlgl-Hub Grow conference and faclllty hlre Income Actively promote event space and meeting rooms Develop a dedlcated conference and events sales strategy Creale a database of corporate clients and past hirers for targeted outreach Explore hosting of dlgital and tech sector events and conferences Malntsln profltablllty flnanclal Monltor overheads monthly and Implement cost efflclencles Update monthly financlal projectlons and present to the Audlt & Risk Committee Build cash reserves to a tsrget level by 2028 to enable Phase III Investrnent Develop a five-year flnancSal plan allgned to thls Corpordte Plan reserve8 Page 8 Omagh Enterprlse Company Llmlted (Charltable Company Llmlted by Guarantee) Pursue programme grant income new and Monitor UK Shared Prosperity Fund, Local Growth Fund, Invest Nl and Dfc funding calls Work wlth Enterprise Nl and Enterprlslng West to tender for Nl-wide programme contracts Explore Shared Island and InterTrndeI￿Iand cross-border funding opportunities Engage wlth Invest NI on innovation and digital skllls programme dellvery Manage and devdap th¢ am•¢ bas• Complete annual property condition revlews for all sltes Progress Phase III capital funding applications (see Prlorlty 2) Implement the green audit recommendations to reduce operating costs Develop an investment strategy for cash reserves (flxed-temi deposlts, etc.) Prlorlty 2 Property Management & Development Property marba9ement and development is the central engSne of the company's financial and soclal mlsslon. With the Digi-Hub now open. the focus for 2026-2030 Is on fllllng it, progresslng Phase Ill expanslon and securing the vacant school sltes for enterprlse use as the Strule Campus opens. Phase III of the Company's Digi-Hub vislon targets the expansion of town-centre enterprlse workspace to support 170 businesses and 850 jobs by 2030. This will require proartive capltal funding appllcatlons. d05e engagement with Fermanagh & Omagh Coundl and the Executlve and strateglc land acqulsltion or partnership arrangements. bjecttve Key Actions Achleve full occupancy at the Enterprlse Innovatlon Dlgl-Hub Implement a Dlgl-Hub lettlng strategy targetlng dlgltal, AI and creatlve businesses Develop a Dlgl-Hub communlty programme to bulld tenant networks and retentSon Promote the Dlgl-Hub natlonally and Intematlonally as remote-worklng destlnatlon Provlde flexlble workspace optlons Indudlng hot-desklng, coworklng and vlrtual office servlces Progress Phase III Di9i-Hub expanslon Develop a Phase Ill business case and funding strntegy by end of 2026 Engage with FODC, Dfc, DfE and UK Government on capitsl funding routes Explore Local Grovrth Fund opportunlties Explore Shared Island and cros5-border property development opportunities Page g Omagh Enterprlse Company Llmlted (Charitable Company Llmlted by Guarantee) Work wlth FODC to allgn Phase III wlth the Hace Shape Plan 2035 Secure and develop vacant s¢h¢)ol $lt•$ In th• town c•ntr Engage proactively with FODC and Education Authority on sthi)ol site transfer5 from 2027 Develop outline proposals for enterprise use of up to three town-centre school buildings Apply for Community Asset Trnnsfer or equivalent mechanisms for slte acqulsltlon Explore partnerships with South West College and other anchor Instltutlons Maxlmls• conference mé¢tlng Incom• Refurbish and upgrnde meetlng rooms at Great Northern Road campus Develop a premlum conference offerlng across both sites Increase vlrtual offlce seprflce promotlon and uptake Revlew prlclng annually to ensure competltlveness and roorn Implement •nvironment41 gU8talnablllty Improv•m•nts Complete a full greenlenergy audlt of both sltes by end of 2026 Develop and Implement an Envlronmental Actlon Plan for both sltes Explore renewable energy Installations (solar PV, heat pumps) at both sltes Target an EPC ratlng of B or above for all managed property by 2030 Promote both sltes as eco-enterprlse l¢)catlons to attract envlronmentalty consdous tenants OPrlorfty 3 Programme Delivery & Development Programme delivery 5its at the heart of the company's soclal mlsslon and charltable purpose. Wlth EU fundlng at an end. the task is to deliver strong programrne5 under the Nl Buslness Support ecosystem, Invest Nl and Ofc framework5 and to build new programmlng allgned to the digital and Al agenda. The company will strengthen its SUPPQrt for female entrepreneurshipt Social enterprise and businesses in Neighbourhood Renewal areas. It will develop a specific offer around Al adoption, digital skills and Innovatlon, leveraglng the Dlgi-Hub as both a venue and a brand. Objertive Key Artions Promote •Trterprlse Continue annual sponsorship of Young Enterprlse Awards and Omagh Chamber Business Stsrt Award Develop an ,Ent￿preneurS In the Dlgi-Hub' speaker and role model pmgramme ¢ntrepreneurshlp a¢ros8 the dlstrlct Page 10 Omagh Enterprise Company LiTnited {Charitabl¢ Company Limited by Guarantee) Engage with South West College and Strule Campus on education-Io-enterpri5e pathways Support businesses start•UP Deliver the NI Goo Succeed Programme (SuC￿S0r to Go For Et) acr05S the Omagh area Provlde mentoring and aftercare support to Start-up Loan Fund clients Develop a Dlgl-Hub Startup Accelerator programme in partnershlp with Invest NJ Support female entrepreneurship throu9h Women in Buslness and FODC programrnes Support enterprise• communlty busln•s$ *o¢l•l and Dellver the Flrst Stop Sh¢)p mentomng programme on behalf of FODC Provide afft¥rdable workspace and In-klnd support to early- stage social enterprlses Support Neighbourhood Renewal communlty buslnes$es through tailored mentoring Explo￿ dellvery of UnLtd or equlvalent soclal enterprlse award progrdmrnes Develop new dlgltal. and Innovatlon programm•s Develop and pllot an Al Adoption for SMES programme In partnershlp wlth Invest Nl andlor DfE Deliver digital skills and e-commerce support programmes for local businesses Position the Digi-Hub as the venue of Choi￿ for digltal and Innovatlon events in the west Explore dellvery of Shared Island digltal skllls programmes with LEOS in border counties Grow •nd dlverjlfy programm• Income Monltor all relevant tender and grant fundlng calls through Enterprlse Nl and Enterprfslng West Develop the company's capadty to manage laryer programme contracts Maintaln quallty management systems for all programme dellvery Report progrnmme lrnpa(t through an annual Social Impact Report People & Skills The company runs on the quallty of Its people. As It grows across property. programme5 and proflle. ensurfjng the team has the capablllty, capadty and culture to dellver becomes more important than ever. The company wlll expand Its staff complement In line wlth growth, Invest In contlnuous professional development and maintain a board with the right mix of skllls and experlence for the challenges ahead. Page 11 Omagh Enterprlse Company Umlted (Charitable Company Limited by Guarnntee) Objective Key Actions Ensurn th• rlght stafflng ¢omplement growlng Revlew staffing StrUrtU￿ and requirements In Ilght of Dlgl-Hub growth by mld-2026 Reuult addltlonal property, marketlng and programme staff as required Malntain a flexible staffing model comblnlng core staff wlth spedalist contractors Ensure pay and condltlons are competitlve to attratt and retaln hlgh-quallty staff organlsatlon Invest In development w•llb¢lng Cary out annual perfOrnian￿ apprdisals and personal development planning for all staff Support staff CPD Induding dlgital skills, Al Ilteracy and property management training Develop a p051tive workplace culture that reflects the company's values Implement a staff wellbeing programme allgned to best prartlce •nd Malntaln a Skllled and dlverse board Revlew board skllls matrlx annually and recrult new members to flll gaps prtoritlse recrultment of board members wlth dlgltsl, Al, flnance and property expertlse Ensure cross-party Counclllor representatlon from FODC Is malntalned Provlde board Inductlon, development and CPD opportunltles Stren9th•n Internal communleatlons and team culture Communlcate the Corporate Plan to all staff and board at the start of each year Hold regular all-staff brleflngs and team development activities Develop a clear internal communlcatlons framework Celebrate and publicise team and Indlvldual achievements Page 12 Omagh Enterprlse Company Llmlted (Charltsble Company Llmlted by Guarante•) Prlorfty 5 Corporate Governance & Representation Strong governance underplns the company's ability to manage publlc funds responsibly• malntaln stakeholder trust and continue to grow. The company will maintain its commltment to the hlghest stsndards of corporate govemance and will strengthen its voice on key bodies shaping the economic future of the region. The Digi-Hub opening has ralsed the company's profile and opened new doors for representation and influence at local, regional and national level. Objective Key Actions Malntaln exemplary corporate gov•rn•nce Complete annual extemal audlt of accounts and PrO￿55e5 Hold quarterfy Audit & ￿sk Management Comrnlttee meetings RevSew and update the Risk Reg15ter at least annually Ensure full compl1an￿ wlth Companles House, Charfty Commi551on Nl and HMRC requlrements Revlew and update all governance pollcles on a rolllng tWO• year cycle Strengthen rtakeholder relatlon$hlps Malntaln and develop the company's strateglc partnershlps with FODC. Invest Nl, DfE. DfI, Dfc, Enterprlse Nl and South West College Oevelop new relatlonshlps wlth Dlgltal Catapult Nl, Belfast Met and other innovation bodies Engage proactlvely wlth UK Government departments on future funding opportunlties Host an annual stakeholder event at the Dlgi-Hub Enhance company. and brand Develop a refreshed brand and marketlng strategy for 2026 Malntaln actlve and engaglng soclal rnedla presence across Llnkedln, Facebook, Instsgram and X Develop a content strategy Indudlng vldeo. case studles and Impact reportlng Enter relevant awards and accredltatlons to ralse the company's pmfile natlonaify proflle Contrlbute to local and reglonal economlc pollcy Represent the company on FODC Economlc Stakeholder Group. Omagh Chamber of Commerce, Enterprlse Nl and Enterprising West Contribute to the developrnent of the Mid & South West Regional Strategy 5ucce5sor Engage with the Strule Sha￿d Education Campus communlty stakeholder group Input to FODC'S Place Shape Plan 2035 Implementatlon Page 13 Omagh Enterpri$• Company Llmlted (Charltable Company Llmlted by Guarantee) Members. Annual Report for the year ended 31 March 2026 {Contlnued) 5.0 Corpor•t• Gov•rnane• 5.1 Corpor•te Govern•nc• Framework Omagh Enterprtse Company is committed to the highest stsndards of corporate governance. Its governance framework covers finandal management, rlsk management, compllance. equallty and quallty assurance. The Audlt & Rlsk Management Committee meets quarterly and presents management accounts, financial projections and risk register updates to the full board. The company is registered with the Charity Commlssion for Northem Ireland and meets all statutory reporting requirement5. Annual accounts are prepared in accordance with the Cornpanies Act 2006 and FRS 102. audited by external auditor5 (R T J Ro55) and presented to the AGM. The company 15 also registered with HMRC for Anti-money Launderfng Regulatlon purposes. 5.2 Rl•k M•nJg¢m¢nt The company maintains a live Risk Register that is reviewed and updated at each Audit & Risk Management Committee meeting. Key risk areas for the 2026-2030 pertod Include: Property: risk of below-taryet occupancy at the Dlgi-Hub or Great Northern Road campus, or failure to secure Phase Ill capital ftjnding Programme: rlsk of reductlon In progrnmme income due to changlng fundlng landscape Financial: rlsk of increased costs (energy, maintenance, staffing) imparting profltabll People: rlsk of1055 of key staff or dlfficulty recruitlng for speclalist mles Governance: rlsk of data breach or cybersecurity inddent; risk of non-compllance wlth regulatory requlrements Extemal: rlsk of economlc downtum Impattlng tenant retentlon; rlsk of adverse polltlcal developments affectlng the reglonal fundlng envlmnment 5.3 Flnandal Management Financlal management contlnues to follow the robust procedures establlshed In recent years. Monthly management accounts are prepared and presented to the board. Quarterly cash flow and flnanclal projertion5 are revlewed by the Audlt & Rlsk Managernent Commlttee. The flnanclal year run5 from l Aprfl to 31 March. All programme clalms are involced on a work-completed basis in line wlth funder letters of offer. 5.4 Equallty The company Is commltted to Its equallty responslbllltles under Sertlon 75 of the Nl Act 1998. Equality monitoring data is collected for all programme participants. The company Is a registered employer with the Equality Monitoring Commission and submits annual employment monitoring statlstics. The company's equality commitments will be reviewed and updated during the 2026~2030 period in line with evolving best prartice. Page 14 Omagh Enterprise Company Limlted (Charitable Company Limited by Guarantee) Members. Annual Report for the year ended 31 March 2026 (Contlnued) 5.5 Envlronmental Responslblllty Thls Corporate Plan makes a fornial commltment to envlronmental responsibility for the flr5t time. The company will complete a ftjll green audit of both sites by end of 2026 and will develop and implement an Environmental Actlon Plan wlth specific targets for energy reductlon, carbon footprlnt and waste management. Progress will be reported annually to the board. 6.0 Quallty The company Is cornmltted to contlnuous Improvement across all Its services, Quallty Is monltored through Enterprlse Nl membership ag￿ements, programme funder letters ol offer and client feedback mechanisms across all 5ervlces. Durlng the 2026-2030 period. the company will: Develop and Implement a fomial cllent 5atlsfactlon monltorfng frameworl( for workspace tenants, programme partldpants and faclllty hI￿r$ Revlew and refresh Its quallty management systems to reflert the expanded scale of operations Explore relevant quallty accredltatlons that would enhance the company's standlng wlth funders and cllents Publlsh an annual Soclal Impact Report settlng out the company's outputs, outcomes and communlty contributio Approved by the Board of Directors on by: 2026 and slgned on Its behalf Mr Marcus l$herwood {Chalrp•rMn) Director and Trustee Mrs Ger•ldlne Keys (Vlce chalrp•rson) Dlrector and Trustaa Page 15 Omagh Enterprise Company Limited (Charitable Company Limited by Guarant￿) DIREcfoRS' ANNUAL REPORT for th• flnandal year ended 31 March 2026 The directors present thelr Directors. Annual Report, comblning the Dirertors, Report and Tru5tee5' Report, and the audited financial statements for the financial year ended 31 March 2026. The flnanclal statements are prepared in accordance wlth the Cornpanles Att 2006,the Charltles (Northern Ireland) Act 2008, FRS 102 'Yhe Flnandal Reportlng Standard applicable in the UK and Republic of Ireland. and Accounting and Reporting by Charities: statement of Recommended Prdctlce appllcable to charities preparlng thelr flnandal statements in accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102). The Dlrectors. Report contalns the Infomiatlon requlred to be provlded In the Dlrettors. Annual Report under the Statement of Recommended Practice (SORP) guldellne5. The dlrertors of the company are a150 chartty trustees for the purpose of charbty law and under the company's constitutlon are known as members of the board of trustees. In thls report the dlrectors of Omagh Enterprbse Company Llmlted present a summary of Its purpose, govemance, artlvltles. achlevements and flnances for the ftnanclal year 31 March 2026. The company Is a reglstered charlty and hence the report and results a￿ presented In form whlch complles wlth the requirements of the Companles Act 2006 and, although not obliged to comply wSth the Statement of Recommended Practice (Charitles SORP effectlve January 2015), the organisatlon ha5 Implemented Its recommendatlon5 where relevant In these flnanclal statements. Flnanclal Results At the end of the finandal year the company has net assets of £8,365,166 (2025: £8.352,672). The free reserves of the charltable company, as defined by the charfty SORP, Is consldered to be É163,776 (2025: £510,712). Re$¢rvo$ pollcy The dlrectors wlll work towards malntalnlng cash reserrfes of £200,000 to £300,000. Dlrectors The di￿ttor5 who served throughout the flnanclal year, except as noted, were as follows.. Mr Marcus Isherwood (Chalrperson) Mrs Geraldlne Keys (Wce chalrperson) Mrs Glenda Mcllwaine {se¢￿tary} Mr Robert Bradv Mr Pete Campbell Mr Stephen Donnelly Mr Barry McElduff Mrs Kathleen McGread Mr Errol Thompson Mr Allan Rainey In accordance wlth the Artides of Association, the directors retire by rotation and, being ellglble, offer themselves for re-elertlon. Page 16 Omagh Enterpri￿ Company Limited (Charitable Company Limited by Guarantee) DIREcfoRS' ANNUAL REPORT (Continued) for the flnancial year ended 31 M•r¢h 2026 Compllance wlth Sector-Wld• L•gislation and Standards The company engages pro-actively with legislation, standards and codes which are developed for the sector. Omagh Enterprlse Company Limited subscribes to and 15 compliant with the following.. The Companles Act 2006 The Charities (Northern Ireland) Act 2008 The Charftles SORP {FRS 102) Audltors The altdltors, Cooper Parry Audit (Ireland) Limited, (Chartered Accountants) have Indlcated thelr wllllngness to continue in office In accordance with the provisions of Sectlon 48S of the Companies Act 2006. Approved by the Board of Dlrertors on by: 2026 and slgned on Its behalf Mr Marcus Isherwood (Chalrp•rson) Dlrector and Trurte¢ Mr8 IdlneJ( Dlrector and Trustee Vl¢e ¢h•lrperson) Page 17 Omagh Enterprise Company Limited (Charitable Company Limlted by Guarantee) srATEMENT OF DIREcfoRS' RESPONSI8ILrrIES for the flnanclal year ended 31 March 2026 The dlrectors are responslble for preparfng the financial statements in accordance wlth appllcable law and Unlted Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare flnanclal statement5 for each flnanclal year which give a true and fair view of the state of affair5 of the tharitable company and of the incoming resources and application of resources, including the income and expendlture, of the charitable company for that year. In preparing these flnancial statements. the directors are required to: select suitable accounting pollcies and apply them consistentlyi observe the methods and principles in the Charities SORP (FRS 102). make Judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subjert to any material departures dlsclosed and explalned In the flnanclal statements; and prepare the financial statements on the golng concem basis unless It Is Inapproprlate to presume that the charttable company will contlnue In operatlon. The dlrertors are responsible for keeping adequate accountlng records whlch dlsclose wlth reasonable accuracy at any time the finanaal position of the charltable companv and to enable them to ensure that the financlal statements comply wlth the Companles Act 2006. They are also responslble for safeguarding the a5set5 of the charltable company and hence for taking reasonable steps for the p￿ventIOn and detectlon of fraud and other irregularitles. statement of Dlsclosur¢ of Infomiatlon to Audltor In so far as the dirertors, who held office at the date of approval of these flnanclal statements, are aware: There Is no relevant audlt Informatlon of whlch the company's audltor Is unaware. and The dlrectors have taken all steps that they ought to have taken to make themselves aware of any relevant audlt Informatlon and to establlsh that the auditor Is awa￿ of that infonnation. Approved by the Board of Direttors on 2026 and slgned on Its behalf kciA_ ] Mr Marcus Isherwood (Chalrperson) Dfrnctor and Trust¢• Page 18 Omagh Ent¢rpris¢ Company Umlted (Charitsble Company Limited by Guarant¢¢) INDEPENDENT AUDITOR'S REPORT to the Members of Omagh Ent•rpris• Company Llmlt¢d for the year ended 31 March 2026 Opinion We have audited the financlal ststements of Omagh Enterprlse Company Llmlted ('the charitable company.) for the year ended 31 March 2026 whlch comprlse the Statement of Financial Activities, the Statement of Flnanclal Posltion, the Statement of Cash Flows and the related notes to the finanaal statements, Including a summary of significant accounting policies. The financlal reportlng framework that ha5 been applied In their preparation is applicable law and Unlted Klngdom Accounting Standards, including FRS 102 "The Financlal Reporting Standard applicable in the UK and Republic of Ireland" (Unlted Kingdom Generally Accepted Accounting Practice). This report is made solely to the charttable company's dirertors, as a body. in accordance with Section 65 of the Charities Act {Northem Ireland) 2008. Our audlt work has been undertaken so that we mlght state to the charltsble company's director5 those matter5 we are required to state to them in an auditor's report and for no other purpose. To the fullest extent perrnitted by law, we do not accept or assume responsibility to anyone other than the charfjtable company and the charitable company's dlrectors as a body, for our audit work, for thls report, or for the opinion5 we have formed. In our oplnlon the financial statements: give a true and fair vlew of the state of the charltsble company's affalrs as at 31 March 2026 and of Its totsl Incomlng resources, Includlng Its Income and expendlture, for the year then ended; have been properly prepared In accordance wlth United Klngdom Generally Accepted Accounting Practlce. and have been prepared In accordan￿ with the requirements of the Charltles Act (Northern Ireland) 2008. Baslj for oplnlon We conducted our audit in accordance with Intemational Standards on Audltlng IUK) (ISAS (UK)) and applicable law. Our responsibilities under those standards a￿ further descrfbed In the Audltor's respon51billtles for the audit of the flnandal statements sectlon of our report. We are Independent of the charltable company in accordan￿ wlth ethical requirements that are relevant to our audlt of the flnancial statements in the UK, including the FRC'5 Ethical Standard, and we have fulfilled our other ethlcal responsibilities In accordance wlth these reqU1￿ments. We believe that the audit evldence we have obtained is sufficient and appropriate to provide a basis for our oplnlon. Concluslons relating to golng concern We have nothing to report in respett of the followlng matters In relation to whlch ISAS (UK) require us to report to you where: the members, use of the golng concern basis of accountlng In the preparatlon of the flnancial statements is not approprlate,. or the members have not di5c105ed in the financlal statements any identlfied material uncertainties that may cast significant doubt about the Charitable company's abllity to contlnue to adopt the golng concern basis of accounting for a perlod of at least twelve months from the date when the finandal statements are authorlsed for issue. Page 19 Omagh Enterprlse Company Limited (Charltable Company Llmlted by Guarantee) INDEPENDENT AUDrroR'S REPORT to the Members of Omagh Enterprise Company Llmited for the year ended 31 March 2026 (Contlnued) Othor inforniation The Members are responsible for the other inforniation. The other information comprises the information induded in the Members. Report, other than the financial statements and our Auditor's Report thereon. Our opinion on the financial 5taternents does not cover the other infomiation and. except to the extent otherwise explicitly stated in our report, we do not express any forni of assurnnce conclusion thereon. In connertion with our audit of the financial statements. our responsibility is to read the other information and, in doing so, consider whether the other information is materially Inconsistent wlth the financial statements, or our knowledge obtalned in the audit, or otherwlse appears to be materlally misstated. If we identify such material inconsi5tencie5 or apparent materlal mlsstatements, we are requlred to determine whether there Is a materlal mi55tstement in the financlal statements or a materlal mlsstatement of the other information. If, based on the work we have performed. we conclude that there Is a materlal mlsstatement of this other informatlon, we are requlred to report that fact. We have nothlng to report In thls regard. M•tt•rn on whlch w• ar• r•qulr•d to report by exc•ptlon In the Ilght of our knowledge and understanding of the Charltable company and Its envlronment obtained In the course of the audit, we have not Identlfled materlal mlsstatements In the Mernbers. Report. We have nothlng to report In respect of the followlng matters In relatlon to whlch the Charlties Art (Northern Ireland) 2008 requlres us to report to you If, In our oplnlon: the Infornlatlon glven In the members. report Is Inconslstent In any matertal spert with the financial statements; or adequate accountlng records have not been kept. or returns adequate for our audlt have not been received from branches not visited by us; or the flnandal statements are not In agreement wlth the accountlng records and retums; or we have not recelved all the Informatlon and explanatlons we requlre lor our audlt: or Responslbllltles of Members As explained more fully in the Dirertors. Responslbllltles Statement, the dlrectors (who are also the trustees of the charitable company for the purpose of charlty law), are responslble for the preparntlon of the flnandal statements and for belng satlsfled that they glve a true and fair vlew, and for such internal control as the Dlrectors determlne is necessary to enable the preparatlon of financial Statements that are free from materlal mlsstatement, vihether due to frnud or error. In preparing the financial Statements, the Directors are responslble for assessing the chadtable company's ability to continue as a going concern, disclosing, as appllcable, matters related to golng concern and using the going concern basls of accountlng unless the Directors either intends to Ilquldate the Charftable company or to cease operations, or ha5 no realistic alternative but to do $0. Page 20 Omagh Enterprise Company Limitod (Charitablfj Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT to the Members of Omagh Enterprlse Company Umitad for th• y•ar ended 31 March 2026 (Contlnued) Auditor's r•$poll$ibiliti•s for the Judit of the fin•nci•l statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or e￿Or, and to Issue an Auditorfs Report that indudes our opinion. Fieasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISA5 {UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economlc declslons of users taken on the basls of these finandal statements. The extent to which our procedvres are capable of detecting irregularltles, includlng fraud Is detailed below: Irregularltles. including fraud. are Instances of non-compliance wlth laws and regulatlons. The objertives of our audlt Sn re5pert of fraud are to a55es5 the r15k of materlal rn155tatement due to fraud, deslgn and Implement approprtate responses to those assessed rlsks and to respond approprfately to Instance5 of fraud or suspected fraud Identlfled durlng the course of our audlt. However, the prlmary responslblllty for the prevention and detectlon ol fraud rests wlth management and those charged wlth governance of the charitable company. In Identlfylng and assesslng dsks of materlal mlsstatement In respect of Irregularltle5. Includlng fraud and non-compllance wlth laws and regulatlons, our procedures Included the followlng: We obtalned understsndlng of the legal and regulatory requlrements appllcable to the charltable company's flnanclal statements and consldered the most slgnlflcant re the Charitles Act (Northem Ireland) 2008, Flnanclal Reportlng Standards (FRS102) and Charbty SORP. We have assessed the risk of material mlsstatement of the financial statements, Induding rlsk of materlal mlsstatement due to fraud and how It mlght occur by holdlng dlscvsslons wlth management and those charyed with govemance; We enqulred of management and those charyed wlth 9ovemance as to any known Instances of non-compllance or suspected non-compliance wlth laws and regulatlons; Understsndlng the Internal controls establlshed to mltlgate rlsks related to fraud or non-compliance wlth laws and regulations; and Dlscusslons amongst the audlt engagement team regarding how fraud might occur In the flnanclal statements and any potentlal Indlcators of fraud. As part of thi5 di5CU55ion, we identified the following potential area5 where fraud may occur: timing of revenue recognition and management override. The audlt response to rfsks Identlfled Induded". Reviewing the financial statements disc105ures and testing to supporting documentation to assess compliance with the relevant laws and regulatlons above- Performing analytical prOcedu￿S to identify any unusual or unexperted relationships that may indicate risk of material misststement due to fraud; Page 21 Omagh Enterpris• Company Lbmit•d (Charitable Company Limited by Guarantee) INDEPENDENT AUDrroR'S REPORT to the Members of Omagh Entsrprls• Company Llmited for the year ended 31 March 2026 (Continued) In addressing the rlsk of fraud through management override of controls. testing the appropriateness of Joumal entries and other adjustments, a55es5ing whether the Judgements made In making accounting estimates are reasonable and evaluating the buslness rationale of any significant transactions that are unusual or outside the normal course of business. A further descrlptlon of our responsibilities for the audit of the financial statements is located on the Flnancial Reporting Councll's webslte at Thls de5crlptlon foms part of our audltor's report. Use of our Report This report is made solely to the charltable company's members, as a body, in accordance with 5ertion 65 of the Charities Act (Northern Ireland) 2008. Our audit work ha5 been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responsibility to anyone other than the chadtable company and the charftable company's members as bodyi for our audit work, for thls report, or for the oplnlons we have formed. Mr. Ryan Falls FCA (Senlor Statutory Audltor) For and on behalf of Cooptr Parry Audlt (freland) Umlt¢d Charte￿d Accountants and Statutory Audltors Unit 7, Dyehouse The Llnen Green Moygashel Dungannon Co. Tyrone BT71 7HB Date: 30 June 2026 Page 22 Ln Ln OTr4 lov lin Inilo ¢Y* zZiIZwZ Oc• ycffj£>o Omagh enterprlse Company Limited (Charltable Company Llmlted by Guarantee) STATEMENT OF FINANCIAL posrrioN as at 31 March 2026 2026 2025 Flxed Assets Intangible Fixed Assets Tangible Fixed Assets Investments 9,608 8,998,426 250 9 008 284 3,776 8.329.440 250 8 333 466 io li Current Assets Debtors Bank and Cash 12 62,928 279 776 342 704 156,934 615 316 772 250 Credltors: Amounts fallln9 due wlthln one year 13 285 822 753 044 N•t Curr•nt Assets Total As$•ts L•M Current Llabllltles 9,065,166 8,352,672 PJyJble¥: Amounts fallln9 du• aft•r one year 14 (700,000) Net A8Mts 15 8 365 166 8 352 672 REPRESENTED BY: Unrestrfcted funds Restrlcted funds Total Funds 16 16 16 2,366,535 5 998 631 8 365 166 2,331,179 6 021 493 8 352 672 The notes on pages 26 to 38 fonn an Integral part of the finanoal statements. The financlal statements were approved and authorfsed for Issue by the Members on 2026 and signed on their behalf by: Mr Marcus Isherwood (Chalrperson) Dlrertor and Trustee Mrs Géraldlne Keys (V Director and Trustee • Ch4lrp•rson) Company Number: N1017785 Charity Number: NIC101885 Page 24 Omagh Enterprlse Company Llmlted (Charltsble Company Llmlted by Guarantee) STATEMENT OF CASH FLOWS For the year ended 31 March 2026 2026 2025 Cash flows from operatlng activities Net rnovement in funds Adjustments for: Depreaation Interest receivable and similar income 12,494 4,099,970 33.114 21,991 45.608 4,117.117 Movements In worklng ¢apltal Movement In debtors Movement In credltors Cash generated from operdtlons 94,006 517 222J 423,216) 158,700) 493 346 434,646 Cash flows from Inv•stlng artlvltl Interest recelved Payments to acqulre Intanglble assets Payments to acqulre tangible assets Net cash generated from Investment activities 4,844 (8,335) (2,700) 699,597) (4,175,977J 707,932 4,173,8331 Cash flows from finandng attlvStles Cash inflows from new borrowin9 Repayments of borrowing 1,300,000 550,000J_ 750,000 Net (de¢rease)Ilncrea•e In ¢a•h and c￿h equlvalents Cash and cash equlvalents at l April 2025 Gish and cash equivalents at 31 March 2026 (335,540) 377,930 615,316 279,776 237,386 615,316 Page 25 Omjgh Enterprise Company Limited (Charitable Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2026 I. GENERAL INFORMATION Omagh Enterprlse Company Llmlted Is a charltable company Ilmlted by guarantee Incorporated in Northem Ireland. In the event of the charitable company being wound up, the liability in respert of the guarantee Is Ilmlted to £1 per member of the charitable company. The address of the reglstered office Is as shown on page 2. The charltable company constitutes a publi¢ benefit entity as defined by FRS 102. The flnanclal statements are ststed In £ sterllng whlch Is the funrtlonal currency of the charitable company. 2. ACCOUNTING POUCIES The following accounting policles have been applied consistently in dealing with items whlch are consldered materlal In relatlon to the charltsble company's financlal statements. 2.1 Statement of Compllance The flnanclal statements have been p￿pared In accordance wlth Accountlng and Reportlng by Charttles: Statement of Recommended Prartice {SORPI applicable to charftles p￿ParIng thelr financlal statements In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102) effective I January 2019 {Second Edition), the Financlal Reportlng Standard appllcable In the Unlted Klngdom and Republic of Ireland {FRS 102), the Charities (Northem Ireland) Att 2008 and the Cornpanles Act 2006. 2.2 Basls of Preparatlon The flnandal statements are prepared on a golng concem basls under the hlstorfcal cost convention unless othenvise 5tsted in the relevant accounting policy. Hlstorlcal cost Ss generally based on the falr value of the conslderatlon glven In exchange for assets. 2.3 Incom• and Endowments {1) Charltable Actlvltbeg Income from charitable activities indudes income received under contract or where entitlement to grant fundlng Is subjett to speclflc perfomiance condltlons. It Is recognlsed as eamed as the related services or goods are provided. Grnnt income is ￿Cognised in the Statement of Financlal Artlvltles when re￿1Vable. Grant Income Induded In thls category provldes fundlng to support projects and Is recognised where there is entitlement, certainty of receipt and the amount can be measured wlth sufficient reliabillty. Page 26 Omagh Enterprlse Company Llmlted (Charitable Company Llmlted by Guarantee) NOTES TO THE FINANCIAL sfATEMENTS (Contlnued) For th¢ year ended 31 March 2026 2. ACCOUNTING POLICIES (Contlnued) 2.4 Income and Endowments (Contlnued) (11} Donatlons and Le9•a Donations and Legacy Income Include incoming resources from gifts, donations and grants and is recognised in full in the Statement of Finandal Actlvltles when receivable. Artlvltles for generating funds are commerclal activltles which are recognised as earned when the related goods and servI￿S are provided. 2.5 Expendlturn Expenditure Is reco9nlsed when a Ilablllty Is Incurred. Contrartual arrangements and perfomance related grants are ￿COgnised as goods and services are supplied. Where costs cannot be d1￿CtlY attributed to a partlcular heading, they have been allocated to activitles on a basls conslstent wlth use of resources. Staff costs and overhead expenses are allocated to actlvltles on the basls of staff tlme spent on those actlvltle5. {1) Charltable Actlvltl This comprise5 all the resources applied by the chadtable Company In undertaklng Its work to meet its charitable objertlves. Charitsble artivities will Include the costs of governance arrangements which relate to the general running of the charltable company. (11) Ralllng Fund• Thls comprfses all the resources applied by the charltable company for all fundraSslng actlvltles, events and non-charltable tradlng artlvltles. (111) Support Costs Support costs Include the central offlce fiJnctlons such as general management, payroll admlnlstratlon, budgeting and accountlng, Infomiation technology, human resources and flnanclng. 2.6 Fund Accountlng The charltable company has two types of funds for whlch It Is responslble at the year end". Unmtrlrted Funds - Funds which are expendable at the discretlon of the Dirertors in furtherance of the objertives of the charitable company. In addltlon, funds may be held in order to finance capltal investment and W0￿1ng capital. Restrlcted Funds Monles received for speclfic purposes. Such purposes are within the overall aims of the charitable company. Page 27 Omagh Enterprlse Company Llmlted (Charitable Company Llmlted by Guarnntee) NOTES TO THE FINANCIAL sfATEMENTS (Contlnu¢d) For the year ended 31 March 2026 2. ACCOUNTING POLICIE5 (Contlnued) 2.7 Reserves Reserve5 are needed to brldge the tlming gap between spendlng and recelving of Income and to cover unplanned temporary shortfalls in income should they arlse. Holding adequate reserves safeguards the provislon of our servlces in the event of unexpected slgnlficant finandal pressures. The trustee5 consider that the ideal level of reserves would be th￿e months expenditure plus total liabilities at year end. 2.8 Property, Plant •nd Equlpment and D•pre¢lJtlon Property, plant and equipment are initially recorded at cost. Cost includes the ori9lnal purchase price, costs dlrecuy attrtbutable to bdngln9 the a55et to its working condltlon for its intended use, d15mantling and restoration costs and borrowlng costs capltallsed. An Increase In the carrying amount of an asset as a result of a revaluation, Is recognlsed In other recognised galns and 1055es. unless It reverses a charge for Smpalrnient that has prevlously been recognlsed a5 expendlture wlthln the statement of flnanclal actlvlties. A decrease In the carrylng amount of an asset as a result of revaluatlon, is recognlsed In other recogni5ed gain5 and losses, except to whlch It offsets any p￿vIouS revaluation galn, In whlch case the loss Is shown wlthln other recognised gains and losses to the statement of financial actlvltles. Depreclatlon is provlded at rntes calculated to write off the cost less resldual value of each asset over its experted useful life. a5 follows: Flxtures and flttings 20% Reducing balance Computer Equlpment 25% Reduclng balan Freehold Property 2.5% Straight line Plant and Machlnery 20% Reduclng balance 19 Intanglble fixed assets other th•n goodwlll Intanglble assets a¢quireLI separately from a buslness are recognlsed at cost and are subsequently meaSU￿d at cost less accumulated amortisatlon and accumulated impaimient losses. Intangible assets acqulred on buslness comblnatlons are recognised separntely from goodwill at the acquisition date where it is probable that the expected future eCono￿lC beneflts that are attributable to the a55et wlll flow to the entlty and the falr value of the asset can be measured reliably; the intanglble a55et arise5 from contractual or other legal rights; and the intsngible a55et Is separately from the entity. Amortlsatlon Is reeognised so as to write off the cost or valuation of a55et5 less thelr residual value5 over their useful lives on the followlng basi5: Software 25% Straight Une Page 28 Omagh enterprlse Company Limited (Charltable Company Llmlted by Guarnntee) NOTES TO THE FINANCIAL STATEME14TS (Contlnued) For the year ended 31 March 2026 2. ACCOUNTING POLICIES (Continued) 2.10 Taxation As a charity, the charitable company Is not Ilable to Corporatlon Tax. 2.11 Cash and Cash Equlval•nts Cash and cash equlvalents include cash In hand, deposits held at call with banks. other short term highly liquid investments with ortglnal maturitles of three month5 Or less and bank overdrafts. Bank overdraft5 a￿ shown within borrowings in CU￿ent 2.12 Crltlcal accountlng estlmat•s and Judg•ments In the appllcatlon of the Charitable company's accountlng polldes, the Trustees are required to make judgements, estimates and assumptions about the carrylng value of assets and liabilities that are not ￿adIlY apparent from other sources. The estlmates and a550clated assumptlon5 are based on h15torlcal experience and other fartor5 that are considered to be relevant. Actual ￿SuIts may differ from these estimates. The estlmates and underlylng assumptlons are revlewed on an ongolng basls. Revislons to accounting estimates are recognised In the period in which the estlmate Is revlsed We￿ the ￿VIsion afferts only that perlod, or In the perlod of the revlslon and futu￿ perlods were the revlslon affects both ojrrent and future periods. Crltlcal Judg•m•nts In applylng th• entlty's •ceountlng poll¢l There are no critical Judgements In applylng the company'5 accountlng pollcles. Crltleal accountlng ￿tIMat￿ and •$$umptlon$ There are no accountlng estlmates in applylng the company's accountlng pollcles. 2.12 Flnanclal Instruments (l) FSnancial assets Baslc flnanclal assets, indudlng trade and other recelvables, cash and bank balances and amounts owed by ￿lated partles and are Initially recognlsed at transactlon prfjce, unless the arrangement constitute5 a finanang trdnsartion, where the transartion Is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at arnortised cost uslng the effectlve Interest method. At the end of each reporting period financial a55et5 measured at amorti5ed cost a assessed for objective evldence of impaiment. If an asset is impaired the impairment loss Is the dIfferen￿ bel￿een the carying amount and the present value of the estlrnated cash flows dlscounted at the assevs original effective interest rate. The lrnpalrment loss Is recognised In proflt or loss. If there is decrease in the impaimient loss artsing from an event occurring after the impaimient was ￿cOgnISed, the Impalrment Is reversed. The reversal 15 such that the urrent carying amount doe5 not exceed what the carrying amount would have been had the impairment not previously been ￿COgnISed. The impalment reversal Is recognised in profit or loss. Page 29 Omagh Enterprlse Company Llmlted (Charitsble Company Limited by Guarantee) NOTES TO THE FINANCIAL sfATEMEKfs {Continued) For the year ended 31 March 2026 2. ACCOUNTING POUCIES (Contlnued) Financial assets are deretognised when (a) the contractual rights to the cash flows from the asset expl￿ or a￿ settled. or (b) Substantially all the rfsks and rewards of the ownershlp of the asset a￿ transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset ha5 been transferred to another party who has the practical abllity to unllaterally sell the asset to an unrelated third party without imposing additlonal restrlrtions. 2.12 Flnanclal Instruments {contSnu•d) (11) Flnanclal Ilabllltles Baslc flnancial liabilitles, Includlng trdde and other payables. bank loans and overdrafts and amounts owed to related partie5 are Inltlally recognlsed at transartlon prlce, unless the arrangement constitutes a flnandng transartlon, where the debt Instrument is measured at the present value of the fijture recelpts dlscounted at market rate of interest. Debt instnjments are subsequently carrled at amortlsed cost, Uslng the effectlve Interest rate method. Fees pald on the establlshment of loan facllltles are recognlsed as transactlon costs of the loan to the extent that It Is probable that some or all of the fac611ty wlll be drawn down. In this case, the fee is deferred untll the draw-down occurs. To the extent there is no evidence that it Is probable that some or all of the faclllty wlll be drawn down, the fee Is capltalised as a pre-payment for liquldlty servlce5 and amortlsed over the period of the faolity to whlch it relates. Trade payables are obligations to pay for goods or services that have been acquired in the ordlnary course of business from suppllers. Accounts payable are classifled as current Ilabllltles If payment Is due wlthln one year or less. If not, they are presented as non-current Ilabllltles. Trade payables are recognised inltially at transaction prtce and subsequently MeaSu￿d at amortised cost uslng the effectlve Interest method. Flnanclal Ilabllltles are derecognised when the liabillty Is extlngulshed, that is when the contractual obllgatlon Is discharged, cancelled or expires. (111) Offsettlng Financial a55ets and Ilabilities are offset, and the net amounts presented In the financial statements when there is a legally enforceable rlght to set off the recognlsed amounts and there Is an Intentlon to settle on a net basls or to ￿aliSe the a55et and settle the liability simultaneou51y. Page 30 Omagh Enterprise Company Limited (Charitabl¢ Company Llmited by Guar•nta) NOTES TO THE FINANCIAL STATEMENTS {Contlnued) For the year ended 31 March 2026 2. ACCOUNTING POLICIES (Continu￿) 2.13 Penslon and other post retlrement obllgations The charitable company operates a defined contribution penslon scheme which Is penslon plan under whith fixed contribution5 are paid into a pension fund and the charitable company has no legal or construrtlve obllgation to pay further contrlbLttlons even if the fund does not hold sufficient assets to pay all employees the benefits relatlng to employee Servi￿ In the current or prior periods. Contrlbutlons to deflned contrfbutlon plans are recognlsed In the Statement of Financial Activities when they are due. If contribution payments exceed the contrlbutlon due for the servio, the excess is recognlsed as a P￿PaYMent. 2.14 Employee Benefits The cost of any unused hollday entitlement Is recognlsed in the perlod In whlth the employee's seNlces are received. Termination benefits a￿ ￿COgnISed Immedlately as an expense when the Company Is demonstrably commltted to termlnate the employment of an employee or to provlde ternilnation benefits. Page 31 o)00 o¢JJ r*4Ny rn￿ i