Company Registration Number: N1025913
Charity Registration Number: 102966
Techno Tyrone Limited
{Charitable Company Limited by Guarantee)
Annual Report and Unaudlted Financial Ststements
For the year ended 31 December 2017
CavanaghKelly
Chartered Accountants & Statutory Auditors
36 - 38 Northland Row
Dungannon
BT71 6AP

T chnoT
Charitable Com
an
Limited b Gua
NTENTS
he
ea
l December 2017
Page
General Enformation
Directors. Report
Independent Examiner's Report
statement of Financial Activities
Statement of Financial Posltion
9-10
Notes to the Financial Statements
11- 17
CavanaghKelly. Chartere¢i Accountants & Statutory Auditors
Page I

Techno T rone Limited
Limit
b Guarantee
GENERAL INFORMATI
Board of Directors
Mr James Maguire
Mr Gerard Keyes
Ms Shauna Rooney
Mr John Hadden (Resigned 2 October 2017)
Mr Arthur McGarrity (Resigned 2 October 2017)
Company Secretary
Mr James Maguire
Registered Office
The Milestone Centre
Temon Business Park
Carrickmore
Co Tyrone
BT79 9AL
Company Registration Number N1025913
Charity Registration Number
102966
Independent Examiners
Cavanagh Kelly
36-38 Northland Row
Dungannon
Co Tyrone
BT71 6AP
Bankers
First Trust Bank
8 High Street
Omagh
Co Tyrone
BT78 IBH
Solicitors
Rafferty & Donaghy Limited
2 Donaghmore Road
Dungannon
Co Tyrone
BT70 IEZ
CavanaghKelly. Chartered Accountants & Statutory Audltors
Page 2

Techno T
rone Limited
Charitable Com
an
Limited b Guarantee
r ended 31 December 2
17
The Directors, who are the trustees for the purpose of charity law. have pleasure in presenting
their report and the unaudited financial statements of the charitable company for the year ended
31 December 2017.
The financial statements have been prepared in accordance with the Statement of Recommended
Practice"Accounting and Reporting by Charities" (FRS 102) and the Companies Act 2006.
Reference and Administration Details
The reference and administration details of the charitsble cornpany are as shown on page 2.
Objectives and Activities
Objectives
The principal activity of the charitable company is that of a community based social economy
enterprise, whose obj'ectives are the economic, social and human resource development of the
Carrickmore and wider Mid-Tyrone catchments.
Activities
The charitable company's activities include the management and operation of Tem)on Business
Park and the Milestone Centre, the provision of high calibre workspace for small and medium
enterprises and the delivery of training and support servi￿5 relevant to businesses, community
organisations and individuals.
Public Benefit Statement
The Directors of Techno Tyrone ￿rnited confimi that they have complied with their duty under
section 4lb) of the Charlties Art (Northem 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
December 2017.
Achievements and Performance
The Directors have established the charitable company as a progressive rural enterprise that
supports business development, job creation, skills enhan￿ment and inward investTnent to the
area, all of which it is committed to continue.
Financial Review
Financial Performance
The financial perfortriance was in line with the Directors. expectations. The charitable company
remains in a sound ffinancial position at the year-end. The ￿sUlts for the year are set out in detail
on pages 8 to 17. The charitable company returned net incoming resources for the year of £5,167
(2016 - £9,720).
At 31 December 2017, the total funds of the charitable company amounted to £1,427,202 {2016
£1,422,035) comprising restricted funds of £1.340,630 and unrestricted fLsnds of £86,572.
Principal sources of ftjnding and how this has supported the key objectives of the charitable
company are disc105ed in the notes to the financial statements.
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 3

echno T rone Limited
Limi
uarantee
DIRECTORS. REPORT for the
ear ended 31 Decem
Financial Review (Continued)
Reserves Policy
The charitable company does not maintain a fornial reserves policy however the Board of
Directors continue to monitor the level of reserves held by the charitable company and are
satisfied that these are adequate to meet any unforeseen expenditure incurred.
structurei Governan￿ and Management
Oryanisational Structure
The charitable company is a company limited by guarantee. not having a Sha￿ capltal.
The chantable company was established under a Memorandum of Ass¢xiation which established
the objerts and powers of the charitable company and is governed under its Articles of
Association.
In accordance with the Articles of Association, the rnembers to retire by rotation shall be those
who have been longest in office since their last election. and the relevant motion will be put at
the Annual General Meeting. A retiring member shall be eligible for re-election.
Directors
The Direttors during the year are the same as the Dirertors as listed on page 2.
Taxatlon Status
The charitable company is recognised as a charity by HM Revenue & Customs. Accordingly, the
charitable company has availed of the exemptions contained in Chapter 3 Part 11 Corporation
Taxes Art 2010 and Section 256 Taxation of Chargeable Gains Act 1992.
Directors. Responslbilities
The Directors are responsible for preparing the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice}.
Company law requires the Directors to prepare financial statements for each financial year which
give a true and fair view of the state of the affairs of the charitable company and of the incoming
resources and application of ￿sOurCes, 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 conslStently-
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. subjett to any material
departures disclosed and explained in the financial statements- and
prepare the financial statements on the going concem 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.
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 4

haritable Com
Limit
DIRECTORS. REPORT for the ear ended 3 1 Decem
17
Continued
Small Companies Exemption
The above report has been prepared in accordance with the special provisions relating to small
companies within Part 15 of the Companies Art 2006.
This report was approved by the Board of Dirertors on 10 July 2018 and signed on its behalf by:
Re9iStered office:
The Milestone Centre
Termon 8usiness Park
Carrickmore
Co Tyrone
BT79 9AL
r James Mag
Director
an
istration Num
n Number:
r:NI
25913
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 5

ri
Ltmited b
INDEPENDENT EXAMINER.
REPORT to the membe
statements of Techno T
ne Limited for the
ear
ed 31 December 2017
financial
We report on the financial statements of the company for the year ended 31 December 2017
which are set out on pages 8 to 17.
Respective Responsibilitles of Dlrectors and Independent Examiner
As the charitable company's Directors, who are the trustee5 for the purpose of chanty law, you
are responsible for the preparation of the financial statements in accordance with the
requirements of the Companies Act 2006. Having satisf5ed ourselves that the charitable company
is not subject to audit under company law, and is eligible for independent examination, it is our
responsibility to:
examine the accounts under section 65 of the Charities Art (Northern Ireland) 2008;
follow the procedures laid down in the general Direttions given by the Charity Commission
for Northern Ireland under section 65(9)(b) of the Chartties Act (Northern Ireland) 2008-
and
state whether particular fflatters have come to our attention.
Basis of Independent Examiner's Report
We have examined your charitable company's financial statements as required under section 65
of the Charities Act (Northern Ireland) 2008 and our examination wa5 carried out in accordance
with the general Directions given by the Charity Commission for Northern Ireland under section
651911b) of the Charities Art (Northern Ireland) 2008. The exaffiination included a review of the
accounting records kept by the charitable company and a comparison of the accounts presented
with those records. It also includes consideration of any unusual items or disc105ures in the
accounts, and seeking explanations from you as charitable company Dirertors concerning any
such matters.
Our role is to State whether any material matters have come to our attention giving us cause to
believe..
That accounting records were not kept in accordance with sertion 386 of the Companies
Art 2006. or
That the accounts do not accord with those accounting records; or
That the accounts do not comply with the accounting requirements of section 396 of the
Companies Art 2006 and with the methods and principles of the Charities Statement of
Recommended Practice applicable to charities preparing their accounts accordance with
the Finonfjal Reporting Standard applicable in the UK and Republic of Ireland. or
That there is further infomiation needed for a proper understanding of the accounts to be
reached.
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 6

Techno T
rone Limited
Charitable Com
an
Limited b Guarantee
INDEPEND
AMINER'S REP
f T chno T
RT t
on the unaudite
rinancial
mber 2017
for th
Continue
Independent Examiner's Statement
We h3ve completed our examination and have no concern5 in respert of the matters listed above
and, in connection with following the Directions of the Charity Commission for Northern Ireland,
we have found no matters that require drawing to your attention.
anag
Chartere
Accountants & Statutory Auditors
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP
Date: 10 July 2018
CavanaghKelly• Chartered Accountants & Ststutory Auditors
Page 7

Limited
ntee
STATEMENT OF FINANCIAL AcfIvITIES
Includin
an income & ex
nditure account
Fo
31 December 2017
Unrestrirted Restricted
Funds
Funds
Total
Funds
Total
Funds
2017
2017
2017
2016
INCOME AND ENDOWMENTS
Income from Charitable Activities
(Note 4)
TOTAL INCOME AND
ENDOWMENTS
68,377
68,377
67,257
68,377
68,377
67,257
RESOURCES EXPENDED
Charitable Artivitie5 (Note 5)
TOTAL RESOURCES EXPENDED
(58.097)
(58,097)
(5,113) (63,210)
(5,113) {63.210)
(57,537)
(57,537)
Net incoming/ (outgoing)
resources for the year
10,280
{5.113)
5,167
9,720
Transfers between funds
Total funds brought forward
76,292
1.345.743 1,422,035
1,412.315
Total funds carried forward
1 340 630 1 427 202
1 422 035
The above Statement of Financial Activities includes all inforniation as required to be disclosed by
the Companies Act 2006.
All of the activities of the charitable company are classed as continuing.
The Statement of Financial Activities indudes all gains and losses recognised during the year.
The notes on pages 11 to 17 form an integral part of the financial statements.
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 8

Techno T
it
ST
ITION as at 31 December 2017
Note
2017
2016
Fixed Assets
Property, plant and equipment
1 813 658
1 790 280
Current Assets
Receivables
Cash and cash equivalents
io
32,529
22,597
66,357
81,110
Payables: Amounts falling due within in one
year
li
Net current assets
Total assets les5 current liabilities
1,863.490
1,853,318
Payables: Amounts falling due after one year
12
(436.288)
(431,283)
Net Assets
1.427 202
1 422 035
REPRESENTED BY:
Unrestricted funds
Restricted funds
Total Funds
14
14
14
86,572
1 340 630
1 427 202
76,292
1 345 743
1 422 035
The Directors, statements shown on the following page form part of this Statement of Financial
Position.
CavanaghKellyi Chartered Accountants & Ststutory Auditor5
Page g

Charitable Com
an Liml
STATEMENT OF FINAN
IAL POSITION as at 31 December 2017
nu
These financial statements have been prepared in accordance with the provisions applicable to
small companie5, regime within Part 15 of the Companies Att 2006.
For the financial year ended 31 December 2017 the company was entitled to exemption from
audit under sertion 477 of the Companies Art 2006.
The Directors confirm that the members have not required the company to obtain an audit of its
financial statements for the year in question in accordance with section 476 of the Companies Act
2006.
The Directors acknowledge their responsibilities for ensuring that the charitable company keeps
accounting records which comply with Section 386- and for preparing financial statements which
give a true ond fair view of the state of affairs of the charitable company as at the end of the
financial year and of its incoming or outgoing resources for the financial year in accordance with
the requirements of sections 394 and 395 and which otherwise comply with the requirements of
the Companles Act 2006 relating to financial statements, so far as applicable to the charitable
company.
The notes on pages 11 to 17 form an integral part of the financial statements.
The financial statements were approved and authorised for issue by the Board of Directors on 10
July 2018 and signed on their behalf by:
Gerard Keyes
Director
Shauna Rooney
Director
James Ma9uire
Director
Com
an
istrati
r. N1025913
ion Number: 10296
CavanaghKelly* Chartered Accountants & Statutory Auditors
Page 10

ri
Limi
NOTES TO THE FINAN
IAL
TAT
For
ear
nded 31 December 2017
GENERAL INFORMATION
Techno Tyrone knmited is a charitable company limited by guarantee incorporated in Northern
Ireland. In the event of the charitable company being wound up, the liability in respect of the
gijarantee is limited to £1 per member of the charitsble 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.
ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are
considered material in relation to the charitable company's finanaal statements.
2.1 statement of Compliance
The financial statements have been prepared in accordance with Accounting and Reporting
by Charites.. Statement of Recommended Prartice {SORP) applicable to charities preparing
their financial statements in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through
Update Bulletin I published on 2 February 2016), the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland (FRS 102). the Companies Act
2006 and UK Generally AC￿pted Prartice as it applies from l January 2015.
2.2 Basis of Preparation
The financial statements are prepared on a going concem 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. The
following accounting policies have been applied consistently in dealing with items which are
considered material in relation to the charitable company's financial statements.
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 Section
IA.
2.4 Income and Endowments
(i) Charitable Activities
Income from charitable activities includes income received under contrart or where
entitlement to grant funding is subject to specific performance conditions. It is
recognised as eamed as the related services or goods are provided. Grant income
included in this category provides funding to support proj'ects and is recognised where
there is entitlement, certainty of receipt and the amount can be measured with
sufficient reliability.
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 11

ri
Limited b Guarantee
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 December 2017
Continued
ACCOUNTING POLICIES (Continued)
2.5 Resources Expended
Expen¢Jiture is recognised when a liability is incurred. Contractual arrangements and
performance related grants are recognised as goods and Se￿ICe5 are Supplied. Where costs
cannot be dirertly attributed to a particular heading they have been allocated to activities
on a basis consistent with use of resources. Staff costs and overhead expenses are allocated
to activities on the basis of staff time spent on those artivities.
(i) Charitable Activities
This comprises all the resources applied by the charitable company in undertaking its
work to meet its charitable obJ"ectives. Charitable activities will include the costs of
governance arrangements which relate to the general running of the charitable
company.
2.6 Fund Accounting
The charitable company has two types of funds ft)r which it is responsible at the year end..
Unrestricted funds - Funds which are expendable at the discretion of the Director5 in
furtherance of the objectives of the charitable company. In addition, funds may be held
in order to finance capital investment and working capital.
Restricted funds
Income re￿iVed for specific purposes. Such purposes are within
the overall aims of the charitable company.
2.7 Property. Plant and Equipment and Depreciation
Propertyi plant and equipment are initially recorded at cost.
Depreciation is provided at rates calculated to write off the cost less residual value of each
asset over its expected useful life. as follows-.
Plant & Machinery
Fixtures, Fittings & Equipment
200/0 Straight Line
12.50kn Straight Line
2.8 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.
2.9 Trade and Other Payables
Trade and other payables are initially recognised at fair value and thereafter stated at cost.
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 12

Limi
Charitable Com
an
Limited b Guarantee
NOTES TO THE FINANCIAL
For the
ear end
ATEMENTS
17
2.10
Taxatlon
As a charity, the charitable company is not liable to Corporation Tax.
PERIOD OF FINANCIAL STATEMENTS
The financial statements are for the 12 months period ended 31 December 2018. The
cornparative figures are for 12 months period ended 31 December 2017.
4. INCOME AND ENDOWMENTS
Unrestricted Restricted
Funds
Funds
2017
2017
Total
Funds
2017
Total
Funds
2016
Charitable Activities
Rental incorne
Other income
Total Income and Endowments
66.591
66,591
67,257
Income from Charitable Activities in the year ended 31 December 2016 of £67,257 was made up
of entirely unrestricted funds.
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 13

T chnoT
ne Limited
Charitable Com
Limit
NOTES TO THE F
nded 31 Decem
ENT
r 2017
ntinued
RESOURCES EXPENDED
Unrestricted Restricted
Funds
Funds
2017
2017
Total
Funds
2017
Total
Funds
2016
Charitable Activities
Wages and salaries
Rates
Insurance
Leasing
Light and heat
Repairs and maintenance
Printing, postage arid stationery
Advertising
Telephone
Computer costs
Travelling and entertainment
Consultancy
Accountancy
Bank charges
Bad debts
Charitable donations
Subscriptions
Depreciation of fixtures, fittings and
equipment
Loan Interest
Total Resources Expended
19.104
3,511
6,151
19,104
3.511
6,151
848
8, 143
6,775
694
20,405
(1.396)
3,570
762
14,040
11,022
367
150
1,398
890
1,590
62
1,625
181
(2,557)
45
8.143
6,775
694
1.452
1.452
2,108
3,259
2.443
259
2,108
3,259
2,443
259
io
3.340
io
3,340
83
Expenditure on Charitable Activities in the year ended 31 December 2016 of £57,537 was made
up of £5,291 of restricted expenditure and £52,246 of unrestrirted expenditure.
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 14

chno T
ron
Limit
in
or the
ear end
mber 2017
NET INCOME/(EXPENDITURE) FOR THE YEAR
Net income/ (expenditure) is stated after charying / (crediting)-
2017
2016
Depreciation of fixtures, fittings and equipment
Accountant's remuneration
3,340
83
7. INDEPENDENT EXAMINER'S REmuNERA￿oN
The independent examiner's remuneration amounts to an independent examination fee of £2,443
(2016- £1,625).
STAFF COSTS AND EMPLOYEE BENEFITS
The average number of persons employed by the charitable company during the year was two.
The total staff costs and employees, benefits was as follows..
2017
2016
Wages and salaries {including social security)
No employee of the charitable company received total employee benefits of more than £60,000.
8.1 DIRECTORS. REMUNERATION
The Directors received nor waived any remuneration or any other benefits during the year and no
reimbursements of expenses incurred.
CavanaghKellyi Charteréd Accountants & Statutory Auditors
Page 15

Charitable Com
an
Limited b Guarantee
ar ended 31 Decem
17
9. PROPERTY, PLANT AND EQUIPMENT
Investment
Plant &
Properties Machinery
Flxtures,
Fittings &
Equbpment
Total
Cost
At 31 December 2016
1,790.280
60.506
175,538
26,718
202,256
2,026,324
26,718
2,053,042
Additions
At 31 December 2017
1.790,280
60,506
Depreciation
At 31 December 2016
Charge for year
At 31 December 2017
60.506
175.538
236,044
178 878
239 384
Net Book Values
At 31 December 2017
1.790,280
1,813.658
At 31 December 2016
1 790 280
1 790 280
io.
RECEIVABLES
2017
2016
Trade receivables
Taxation and social security
28,832
21,851
746
ii.
PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017
2016
Trade payables
Taxation and social security
Bank loans
Accruals and deferred income
856
226
12,000
1,797
940
12,000
16,525
CavanaghKelly¥ Chartered Accountants & Statutory Aud&tors
Paoe 16

ri
Limi
b Guarantee
THE FINANCIAL STATEMENTS
ar ended 31
Continued
For
he
12.
PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2017
2016
Bank loans
436 288
436 288
431 283
431 283
This loan is secured by a legal charge over the charitable company's investment properties.
Bank Loans
2017
2016
Repayable within one year or less. or on demand (Note 10)
Repayable between one and two years
Repayable between two arkd five years
Repayable in five years or more
12,000
12,000
12,000
412 288
12.000
12,000
12,000
407 283
13.
ANALYSIS OF NET ASSETS
Unrestricted
Funds
2017
Restricted
Funds
2017
Total
Funds
2017
Total
Funds
2016
Property, Plant and Equipment
Current Assets
Current Liabilities
Non-current Liabilities
23.378
66,357
(3.163>
1,790,280 1.813.658
66,357
113,362) (16,525)
436 288
436,288
1 340 630 1 427 202
1,790,280
81,110
[18,072)
431 283
1 422 035
14.
ANALYSIS OF FUNDS
Unrestricted Restrirted
Funds
Funds
2017
2017
Total
Funds
2017
Total
Funds
2016
Opening balance
Net incoming/(outgoing)
resources
Trarssfer between funds
Closing balance
76,292
10.280
1.345.743 1,422,035
(5,113)
5,167
1,412,315
9,720
86 572 1 340 630 1 427 202
1 422 035
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 17