052¢
Company Registration Number: N1025913
Charlty Re9iStration Number: 102966
Techno Tyrone Limited
(Charitable Company Limited by Guarantee)
Annual Report and Unaudited Financial Statements
For the year ended 31 December 2018
CavanaghKelly
Chartered Accountants & Statutory Auditors
36 - 38 Northland Row
Dungannon
BT71 6AP

Techno T
rone Limi
an
Limi
NTENTS
Page
General Infom)ation
Director5, Report
Independent Examiner's Report
Statement of Financial Activities
statement of Financial Position
9- 10
Notes to the Financial Statements
CavanaghKellyi Chartered Accountants & Ststutory Auditors
Page I

Techno T ron
Limi
le Com
an
Limited b Guaran
GENERAL INFORMATION
Board of Directors
Jame5 Maguire
Gerard Keyes
Shauna Rooney
Company Secretary
James Maguire
Registered Office
The Milestone Centre
Termon 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
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 2

rone Limited
om
an
Limited b Guarant
Charita
DIRECTORS. REPORT f
ear ended 31 December 2018
The Directors, who are the trustees for the purpose of charity law. have pleasure iri presenting
their report and the unavdited financial siatements of the charitable company for the year ended
31 December 2018.
The financial statements have been prepared in accordance with the Statement of Recommended
Prattice"Accounting and Reporting by Charities" (FRS 102) and the Companies Act 2006.
Reference and Administration Details
The reference and administration details of the charitable company are as shown on page 2.
Objectives and Activities
Objectives
The principal artivity 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.
Artivities
The charitable company's attivities include the management and operation of Termon Business
Park and the Milestone Centre. the provision of high calibre workspace for small and medium
enterprises and the delivery of training and support services relevant to businesses, community
organisatlons and individuals.
Public Benefit Statement
The Directors of Techno Tyrone Limited confirm that they have complied with their duty under
section 4{6) of the Charities Act (Northem Ireland) 2008 to have regard to the Charity
Comrnission 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 2018.
Achievements and Perforniance
The Directors have established the charitable company as a progressive rural enterprise that
supports business development, job creation, skills enhancement and inward investment to the
area, all of which it is committed to continue.
Financial Review
Financlal Performance
The financial perfomiance was in line with the Directors, expertations. The charitable compar)y
remains in a sound financial position at the year-end. The results for the year are set out in detail
on pages 8 to 17. The charltable company retumed net incoming resources for the year of
£13,342 (2017 - £5.167).
At 31 December 2018, the total funds of the charitable company amounted to £1.440,544 (2017
£1,427,202) comprising restritted fund5 of £1.379,824 and unrestrirted funds of £60,720.
Principal sources of funding and how this has supwrted the key objectives of the charitable
company are disclosed in the notes to the financial statements.
CavanaghKelly. Chartered Accountants & Statutory Auditors
Page 3

Techn
Chari
rone Li
ble Com
ited
Limit
uarantee
RECTOR
EPORT for the
ear ended 31 December 201
Financial Review (Continued)
Reserves Policy
The charitable company does not maintain a formal reserves policy however the Board of
Direttors 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.
structure, Governance and Management
Organisational Strurture
The charitable company is a company Ilmlted by guarantee, not having a share capital.
The charitable company was established under a Memorandum of Association which established
the objects and powers of the charitable company and is governed under its Articles of
Association.
In accordance with the Articles of Association, the members to retire by rotation shall be those
who have been longest in ofFice since their last elertion, and the relevant motion will be put at
the Annual General Meeting. A retiring member shall be eligible for re-elertion.
Dlrectors
The Directors during the year are the same as the Dirertors as listed on page 2.
Taxation 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 Act 2010 and Section 256 Taxation of Chargeable Gains Act 1992.
Directors, Responsibilities
The Dirertors 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 resources. including the income and expenditure, of the charitable
company for that year. In preparing these finaricial statements the Direttors are required to-
select suitable accounting policies and apply them consistently:
observe the method5 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, subject to any materlal
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 wlth
reasonable accuracy at any tirne 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

ron
it
Chari
ntee
DIRECT
RT for the
ed 31 Decem
in
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 Directors on 12 September 2019 and signed on its
behalf by..
Registered office:
The Milestone Centre
Termon Business Park
Carrickmore
Co Tyrone
BT79 9AL
Mr James Maguire
Director
Com
ri
istratio
istration Nu
mber". N102
913
Re
CavanaghKellyi Chartered Accountants & Statutory Audltors
Page 5

noT
Limi
Charstabl Com
Limi
INDEPENDENT EXAMINER.
REP
statements of Techno T rone L.
RT
o the members o
l Decem
audi
18
fin
ncial
We report on the flnanclal statements of the company for the year ended 31 December 2018
which are set out on pages 8 to 17.
Respective Responsibilitie5 of Directors and Independent Examiner
As the charitable company's Direttors, who are the trustees for the purpose of charity law, yo
are responsible for the preparation of the financial statements in accordance with the
requirements of the Companies Act 2006. Having satisfied ourselves that the charitable company
is not subject to audit under company la%y, and is eligible for independent examination, it is our
responsibility to=
examine the accounts under seckn.on 65 of the Charities Act {Northem Ireland) 2008.
follow the procedures laid down in the general Directions given by the Charity Commission
for Northern Ireland under section 65(9)(b) of the Charities Act (Northern Ireland) 2008;
and
state whether particular matters have come to our attention.
Basis of Independent Examlnerfs Report
We have examined your charitable company's financial statements as required under section 65
of the Charities Act (Northem Ireland) 2008 arbd our examination was carried out in accordance
with the general Directions given by the Charity Commission for Northem Ireland under section
65(91(b) of the Charities Act (Northern Ireland) 2008. The examination 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 Directors conceming 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 ir) accordance with section 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 ￿quIrements of section 396 of the
Companies Act 2006 and with the methods and principles of the Charities Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland; or
That there is further information needed for a proper understanding of the accounts to be
reached.
CavanaghKellyF Chartered Accountants & Ststutory Auditors
Page 6

chn
Charitabl
e Limited
om
Limi
Guarantee
IN
EPENDENT EXAMINER,
statement
Continued
EPORT to the member
naudit
financial
Limited for the
ear ended 31 December 2018
Independent Examinerfs Ststement
We have completed our examination and have no concerns in respect of the matters listed above
and, in connertion with following the Directions of the Charity Commission for Northern Ireland,
we have found no matters that require drawir)g to your attention.
CAVANA
KELLY
Chartered Accoun
ts & Statutory Auditors
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP
Date: 12 September 2019
CavanaghKelly. Chaitered Accountants & Statutory Auditors
Page 7

imited
an
Limlted
Ch ritable Com
Guarant
STATEMENT OF FINAN
IAL AcfivITIES
Incl din
n income
ex
nditure account
For th
ended 31 Decem
r 2018
Unrestricted Restrirted
Funds
FurKIs
Total
Funds
Total
Funds
2018
2018
2018
2017
INCOME AND ENDOWMENTS
Income from Charitable Activities
(Note 3)
TOTAL INCOME AND
ENDOWMENTS
71,727
26,349
98,076
68,377
71,727
26.349
98,076
68,377
RESOURCES EXPENDED
Charitable Activities (Note 4)
TOTAL RESOURCES EXPENDED
(75,050}
(75,050)
(9,684) (84.734)
(9,684) (84.734)
(63,210)
(63,210)
Net incoming/ (outgoing)
resources for the year
(3,323)
16.665
13,342
5,167
Transfers between funds
(22.529)
22,529
Total funds brought forward
86,572
1.340.630 1,427,202
1,422,035
Total funds carried forward
1 379 824 1 440 544
1 427 202
The above Statement of Financial Activities includes all information 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 gain5 and losses recognised during the year.
The notes on pages 11 to 17 form an integral part of the financial statements.
CavanaghKelly, Chartered Accountsnts & Statutory Auditors
Page 8

haritabl Com
Limited b Guarant
STATEMEN
FINANCIA
SITION
December 201
Note
2018
2017
Fixed Assets
Property, plant and equipment
1 810 318
1 813 658
Current Assets
Receivables
Cash and cash equivalents
29.420
32,529
67.308
66,357
Payables: Amounts falling due within in one
year
io
Net current assets
Total assets less current liabillties
1,857,502
1,863,490
Payables: Amounts falling due after one year
li
{416,958)
(436,288)
Net Assets
1 427 202
REPRESENTED BY:
Unrestricted funds
Restricted funds
Total Funds
13
13
13
60.720
1 379 824
86,572
1 340 630
1 427 202
The Direttors. statements shown on the following page form part of this Statement of Financial
Position.
CavanaghKelly# Chartered Accountants & Statutory Auditor5
Page 9

echn
e Limited
Charitabl Com
an
Limi
b Guarantee
STATE
FINAN
IALP
s at 31 December 2018
Con
These flnancial ststements have been prepared in accordance with the provisions applicable to
small companies, regime within Part 15 of the Companies Act 2006.
For the financial year ended 31 December 2018 the company was entitled to exernption from
audit under section 477 of the Companies Att 2006.
The Directors confimi 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 Sectlgn 386- and for preparing financial statements which
give a true and 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 Companies Art 2006 ￿lating 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 12
September 2019 and signed on their behalf by:
Gerard Keyes
Director
Shauna Rooney
Director
James Maguire
Director
ion Num
. N1025913
r: 10296
CavanaghKelly. Chartered Accountants & Statutory Audltors
Page 10

Techn
Chari
rone
abl Com
mi
ited
uarantee
NOTES TO THE FINAN
Fot
ren
L STATEM
mber 2
GENERAL INFORMATION
Techno Tyrone Limited 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
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.
ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are
considered material in relatior) to the charitable company's finanaal statements.
2.1 Statement of Compliance
The financial 5tatement5 have been prepared in accordance with Accounting and Reporting
by Charites.. Statement of Recommended Practice (SORP) applicable to charities preparing
their fir)ancial 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 thmugh
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 Practice as it applies from l January 2015.
2.2 Basis of Preparation
The financial statements are prepared on a going cor)cern basis under the historical cost
convention unless otherwise stated in the relevant accounting policy. Historfcal cost is
generally based on the fair value of the constderation 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 finanaal 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 artivities includes income received under contract or where
entitlemenl to grant funding is subject to specific performance conditions. It is
recognised as earned as the related services or goods are provided. Grant income
included in this category provides funding to support projects and is recognised where
there is entitlement, certainty of receipt and the amount can be measured with
sufficient reliability-
CavanaghKellyi Chartered Accountants & Ststutory Auditors
Page 11

Charitsble Com
an
Limited b Gu
ntee
OTES T
THE FINAN
ended 31 D
L STATEMENT
Continued
ACCOUNTING POLICIES (Continued)
2.5 Resources Expended
Expenditure is recognised when a liability is incurred. Contractual arrangements and
performance related grants are recognised as goods and services a￿ supplled. Where costs
cannot be directly 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 activities.
(i) Charitable Activities
This comprises all the re50urce5 applied by the charitable company in unijertaking its
work to meet its charitable objectives. 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 type5 of funds for 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 received for specific purposes. Such purposes are within
the overall aims of the charitable company.
2.7 Property, Plant and Equipment arKI Depreciation
Property. plant and equipment are initially recorded at cost.
Depreciation is provided at rates calculated to write off the cost less ￿sidUal value of each
asset over its expected useful life, as follows..
Plant & Machinery
Fixtures, Fittings & Equipment
200h Straight ￿ne
12.50/0 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

ne Lim
om
an
Charitabl
nt
TES TO THE FINAN
F rthe ear
nded 31
IAL STATEME
201
ontin
2.10 Taxatton
As a charity, the charitable company is not liable to Corporation Tax.
3. INCOME AND ENDOWMENTS
Unrestricted Restricted
Funds
Funds
2018
2018
Total
Funds
2018
Total
Funds
2017
Charitable Activities
Rental incorne
Grant income:
Fermanagh and Omagh Local Artion
Group (LAG) Ltd
Rural Development Programme
Fermanagh and Omagh District
Council
Other incorne
Total Income and Endowments
71.727
71.727
66,591
20,038
20,038
5.309
1,002
5,309
1,002
Income from Charitable Artivities in the year ended 31 December 2017 of £68,377 was made up
of entirely unrestricted funds.
CavanaghKellyi Chartered Accountants & Statutory Audltors
Page 13

Tech
Ch
rone Li
ritable Com
Gu
NOTES T
For the
THE FINANCIAL STATEMEN
ded 31 December 2018
RESOURCES EXPENDED
Unrestrl¢ted Restricted
Funds
Funds
2018
2018
Total
Funds
2018
Total
Funds
2017
Charitable Actbvities
Wages and salaries
Rates
Insuran
Leasing
Light and heat
Repairs and maintenance
Printing, postage and stationery
Advertising
Telephone
Computer costs
Travelling and entertainment
Consultancy
Accountancv
Bank charges
Bad debts
Charitable donations
Subscriptions
Depreciation of fixtures, fittings and
equipment
Loan interest
Total Resources Expended
20.040
7,166
6,112
577
12,060
20,483
1,012
693
1,126
516
I,ioo
20.040
7,166
6,112
577
12,060
20.983
1,012
693
1,126
516
I,ioo
19,104
3,511
6,151
848
8,143
6,775
694
500
1,452
2,108
3,259
2,443
259
1,663
175
304
2.010
13
1.663
175
304
2,010
13
3,340
io
3,340
3,340
Expenditure on Charitable Activities in the year ended 31 December 2017 of £63.210 was made
up of £5, 113 of restrirted expenditure and £58,097 of unrestricted expenditure.
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 14

echno T
Chari
rone Li
Com
tee
NOTES T
For the
THE FINAN
IA
31D
EMENT
mber 2
5, NET INCOmE/(EXpEND￿uRE) FOR THE YEAR
Net incomel (expenditure) 15 Stated after charging / (crediting)-
2018
2017
Depreciation of fixtures, fittings and equipment
Accountant's remuneration
3,340
3,340
INDEPENDENT EXAMINER'S REMUNERATION
The independent examiner's remuneration amounts to an independent examination fee of £1,663
(2017 - £2,443).
7. STAFF COSTS AND EMPLOYEE BENEFrrs
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:
2018
2017
Wages and salaries (including social security)
20,040
No employee of the charitable company received total employee benefits of more than £60,000.
7.1 DIRECTORS. REMUNERATION
The Oirectors received nor waived any remuneration or any other benefits during the year and no
reimbursements of expenses incurred.
CavanaghKellyi Chartered Accountants & Statutory Auditors
Page 15

rone Limit
an
ri
Limi
Guarantee
NOTE
THE FINANCIAL STATEMENTS
Continued
8. PROPERTY, PLANT AND EQUIPMENT
Investment
Plant &
Propertles Machinery
Fixtures*
Fittings &
Equipment
Total
Cost
At 31 December 2017
Additions
At 31 December 2018
1.790,280
60,506
202,256
2,053,042
1,790,280
60,506
202,256
2.053,042
Depreciation
At 31 December 2017
Charge for year
At 31 December 2018
60,506
178,878
239,384
182 218
242 724
Net Book Values
At 31 December 2018
1 790 280
1 810 318
At 31 December 2017
1 790 280
1 813 658
9. RECEIVABLES
2018
2017
Trade receivables
Taxation and social security
29,420
28,832
io.
PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018
2017
Trade payables
Taxation and social security
Bank loans
Accruals and deferred income
2.782
1,725
12,000
856
226
12,000
CavanaghKellyi Chartered Accountants & Ststutory Auditors
Page 16

ron
Ch ritable
imit
om
Limited b
NOTES T
THE FINANCIAL STATEMENTS
ear end
31 Decemb r 2018
Contin
ii.
PAYABLES: AMOUNTS FALUNG DUE AFTER ONE YEAR
2018
2017
Bank loans
416 958
416 958
436 288
436 288
This loan is secured by a legal charge over the charitable company's investment properties.
ank Loans
2018
2017
Repayable vlithin one year or less. or on demand (Note 10)
Repayable between one and two years
Repayable between two and five years
Repayable in five years or more
12.000
12,000
36,000
368 958
428 958
12,000
12,000
36,000
388 288
448 288
12.
ANALYSIS OF NET ASSETS
Restrlcted
Funds
2018
Total
Funds
2018
Total
Funds
2017
Funds
2018
Property, Plant and Equipment
Current Assets
Current Liabilities
Non-current Liabilities
1,810,318 1.810.318
67,308
(13,536) (20,124)
416 958
416,958
1 379 824 1 440 544
1,813,658
66,357
(16,525>
436 288
1 427 202
67,308
(6.588)
13.
ANALYSIS OF FUNDS
Unrestricted Restrlcted
Funds
Funds
2018
2018
Total
Funds
2018
Total
Funds
2017
Opening balance
Net incoming/(outgoing)
resources
Transfer between funds
Closing balance
86,572
(3,323)
1,340.630 1,427,202
16,665
13.342
1,422,035
5,167
60 720 1 379 824 1 440 544
1 427 202
CavanaghKelly, Chartered Accountants & Statutory Auditors
Page 17