COMPANY NO., NI 038841 CHARITY REF NO: XR34864 NI CHAiirrY COMMISSION NO; 103171 DRUMCREE COMMUNifY TRUST FINANCTAL STATKMEwrs FOR THE Y£AR ENDED 31 DECEMBER 2016 DRUMCREE COMMUNITY TRUST (A compAby Ilnilted by gMAYftnlt¢) 3 ASHGROVK ROAD, PORTADOWN, CO. AIiMACH coprrEwrs PAGE Charliy R¢fBr¢nce And Admintslrailye Detsils Triste￿ Annval Keport{In¢ludln8 DITe¢tor4 Reporf ahd Strnteglc Report) lttdepwdent Ex•iiiln¢fs Report 10 StatenK￿l ofFI￿OI)ellI Acilvitt¢3 (In¢ludingth¢om¢ Ind Expeiidilure Account) Balance Sh¢et 12 Notes to Ibe Finon¢lg1 Stat¢thenl$ 13-22 DRUMCREE COMMUNrrY TRUST (A eompaiiy Ilmlted by guRrtiiitee) 3 ASHGROVE ROAD, PORTADOWN, CO. ARMAGH ChRrlty R¢feren¢e Rnd AdnJinlsti'atlv¢ D¢talls YeHr Ended 31 December 2016 ComponyYe8lstrnilon nuJ)ib¢r Nt038841 Charity Keg13tratloD NuTribeT XR34864 Nl Charity Commissloh Numb¢r 103171 Tht5tees Michttel Blngljain Col]efie M¢rc¢r Breandhn Cionnallh Brlan G M¢K¢oivn CIRrfin Tennyso¢b R¢￿stered Offi¢¢ 3 Ashgrove Road Portadoivn eo An￿a8 BT62 IPA Ind¢pendertt Exarni￿r Joiiafban Ffiulkn¢r AC.CA Ka￿edY & Co Charler¢d Certlfied Acwunlanls & R¢gtster¢d AudlioT8 21 Kllmor¢y Street Co Doivn BT34 2DF Be#k¢rs Battk of Irehnd 3 HIRh Strttt Portadoivji BT62 IHY DRUMCREE COMMUNITY TRUST (A ¢ompHuy Ilihlltd byguarAnte8) 3 ASHGROVE ROAD, PORTADOIVN. CO. ARMAGH Tvusteesl Allllfial Repoj'l Oii¢ludlnll Dlre¢toi% Repoi* alld Slrntegle Repovt) YeRI' Kttdcd 31 Deeember2016 Th¢ Directors pre5eiit ili¢ir repDrt and tlie financlal slal¢ments of the ¢haTiiy for the year end 31 Deeember 2016. The directors b&Ye adopted the provlslohs of th¢ Slftlemtnl of Re¢otwn¢nded Prnolic¢ (SORP) "Ac¢ouniittg aDd Rep•rtib8 by Cliariti¢s' (FRS 102) In pre￿rIn8 the rcporl And fiiwncl&l 8latemetits of the ¢harily. Triistees of tho chfiylty The dir¢¢ttJxs of th¢ ¢hpTikblg coinpally ar¢ Its trustees for ih* purpose5of chirlty laiv. The trllste¢s ivho have setv¢d duri￿8 the yearmnd sljce th¢ y¢arend iY¢r¢ 08 folloivs: Mtcha¢l Bli￿￿&[n (Chal￿ersOn) Collette Mer¢¢r (Se¢r¢lary) Breajmlan M4¢ Cionnaith Briai) Q M¢KwiYn (Tr&sur¢r) Ciar#n T¢nnysoJ) Objeetlves Acllvltles T]ie Infthi tharftable objceilves of Dnim¢ree Coittmunlly Tnist are tb¢ NlvJtt¢emuit of ¢itSz¢nshlp or community dvv¢lopiHeDt; lh¢ odvancement of educailon" tli¢ advan¢em¢nl of Iiealth ortli¢ 5oviii8 of live$- th¢ preveiitiDll or ￿llerOf poverty 8nd Ilie r¢ll¢f of th05p knJJ¢¢d by reason ofyoiith. ag¢Tr111.healliL dlsablllity. fthaTEclal hardsblp orother dlsadvaMag¢. Actlvllle8 TbToughoiit 2010, Druinoree COJMmiTri)lty Thist's slalT and Volunteers hav¢ sUttess￿lIY dellv¢red a range of progTAinine8, 8clivi11¢5 and events lo wr local cwnmuiilty almrd Rt &ddresslng a VaTiety of Iieeds iyithln th¢ area. W¢ ¢%tiillal¢ ihal approxiin4teEy 1,500 chlldren, people and odults directty b¢iiefited froin partl¢ipalion In lh¢ various Hcttvitlcs. pro8ratiiiJie$, EY¢nts ftnd class¢s 0rEal￿s￿ Ihrougli Dnllacr¢e Coi]llnunlty Lerttre a￿d Dr￿tt￿te House vf Health oyer tl coiirse of Ihe year. As elways mu¢h oftht work undertaken by ourstaff teatn ¢onilnued io beasslsied strenKtliened by our Yoliit)teer baso. We iyould lik¢ lo pay Iribul¢ and express our ulmosl 8pprecl8ilon lo the unselfish coiitrlburl(yn iYhScli ourvolunlttrs Jllake I￿VardS all isperls of ourivork ivltbln tho coiTriniiinSty. There ftre Ilwe¢ Ce#tse*based groups operating forchlldren aged from 2yrs Wod 10 month5 UP to the age of s¢Yen years ivlth Ol) Average att¢ndan¢o of 30 Al each 8roup. Durlng2016, 8 nuiiiber ofpar¢iits' & ¢I￿]dr¢n,3 events iYcr¢owiilsed In¢lvdl#& cookery se5$1ons, stay w)d pl8y sesslons, famlly daytdps, Monday> Wedoesdw ind Thursday ¢v¢nlogs iveye sel tt￿d¢ for yoims PEopl¢ aged the Primary 3 fig¢ gI0￿pS rlghi IIwoLl8h lo 3econd&ry $¢hool-8ge and older. Dyrlng 2016, averag¢ iltendanc¢ al ¢a¢h of ih¢s¢ s¢ssloD5 ivas aroutsd 60. Regular acilviiles Included arts iiid eraft$' mulil-gahi¢$; ¢ookery ivorkshDP5' COJI)peliliv¢ ganiE5' movie nlghts. &iiti-bullylTrB PTogrom111¢51 proJ¢¢l and small group iyork. ExtmJ41 Coaches w¢r¢ also enB#ged by the Trusi io deliyer fitness alld stamina tests to make youn81)IOFe alvar¢ to Ihe need to etyBe In r¢gularphysical acilvliles. DRUMCREE COMMUNITY TRUST (A eomphiiy Ilmlted by ￿l￿ra￿tee) 3 ASHGROVFI ROAD, PORTADOIVN, CO. ARhfAGH Tru$tCCs1 Anniial Repoi* Uiieludlllg Dli¢¢tors Reporl and 8trAt¢%le ReDorl) In HdditloE4 Ih#ttks lo the Youih Eng#gement ProgrMni))es fvnded ihrollgh NWSEL8￿A. anumber of Inlen$lY¢ peNiiial d¢v¢lopmenl cours¢s for45 yovn8peopl¢ osed 12-19 yeffiys old were OTganlsed. Blements of those pro£rar￿￿¢S included oyidooy rcsidetktlals, voluttkelkng and Iiientorlng opportynlii¢s' I¢￿¢r$I}IP ond peT8onal developm¢ni tttinln8 a[￿ irlpsp Iiealih ivorkshops. life skllls ¢our8es' m¢nlil health Issues, div￿ & al¢ohol awarene5S 5wlons' relexatloft artd $tres$ mot￿¢￿¢￿t. rull PfOWEnmes of Rclivlil¢$ ¥ver¢ offgathd for JiTtyIAugu81 2016 ivlib inornlngTr hfteniooll and evenkn8 s¢uk*llS. On V4verag4 ov¢1 30D peopl¢ of all 88E gtoups bel￿fitt¢d from th¢5e acilvliles the prowmiiie was suppDrt¢d by20 adyll volui)teer4 14 yoiingvoliinteers ONI 8 Junlor le4d¢rs. Disttn¢l from the 3un)mer schcm¢, Youth Inteyvenilgu fundlmg alloived DruJM¢ree Cowniunlty TR15t lo deltv¢r additlonal prosronun¢s for100 f¥mili¢s as iv¢ll 8$ a s¢parat¢ proBraiDlllO foaTssed 01175 youll8 peopk 88cd behYe¢J) 10 and 25 year& hlucli of our iv0￿ ivltli adults InvolY¢d ft¢tlvltles almed 01 promoting belter And heatthkr lifestyles. (hwmaln fvnd¢r for ihls ii*s SH & SCT which also ful￿ed ourhealth r¢lal¢d iVOEk iylih young people. Duri1￿ 2016. lye organ15¢d ￿vIar fitntss ¢lass¢8, personal d¢v¢lDpment prograiithi¢i. $tres$ redufjiloi) class4 Meol81 heftltli Ivorksliopsi ¢oJnpl¢mentaryther&py g¢$sloD$, yo8a cIp5S¢S, etc. All th¢s¢ rt¢ilvltle5 hftve been d¢livered Ihroughouttbe year ftnd that mttny Iwal resld¢i)ts coiild lak¢ ftdvaiiia¥c*ofhcalih promotionlhealih advisory setvl¢¢s Iield In fvn envlroiw]¢nt where khey f¢¢1 prolecled attd kniyhloii th¢y ear frel ft genuIDe p8N of. Ir i¥x)ni¢iis Sroiipp par¢nls & toddlers group and our young parents,￿0￿p also continiied to Jne¢t iv¢ekly. A second pftrents & toddlers groyp ivA$ also Imeetlllg¢￿h Frldrsy. A iveetdy crochel elass Dn Wediiesdayev¢Dings kas proved ￿pular iyith very good attendaiice. This is a much ora so¢lal eveiiingas I￿1] 4$ a ¢raft¢lass for ivomeii of hll #g¢s. This ¢lasg conie about from i su8g¢$lloTh by one of our volunle¢rn ivho took on re5pDnslbilily to thls iveekty hyo hours￿1011. There iver¢ dl&o thre¢ sepatale and veryivtllryatleiided adiilt&w¢lse classes ¢omniuoltycentre ea¢li ivcek. tsyo on Tuesday Evenlw hnd ih¢ ihird on Frid&y evenl]w. Thv¢lv¢ Adulis p4rti¢lpaled a first #Id rourse Qlld a se¢0￿d ¢ohort ofhv¢lve 4150 P￿le1pated Iii a paedlairf¢ firsE eld cours tllFebmary 2016. in w￿l￿n¢t10￿ iviih staff from the Northem Irelaud Abdomlii&l AorliG AlleurisJTh Scr¢¢nln8 ProBrathmE based at lh¢ RVH ljelfasl, a on¢-IlayAAA ¢linlc for men aBed 65 and oyer ivas orgatiisd In the DN1￿¢r¢¢ C¢iitr¢. Sucli iyas tli¢ level ofiiiter¢st ihatihe ¢llnl¢ was extended fork extra half dayivlth a lotsl of 50 men $¢aniie(L Jh tkeirev4luatlon of theclinle in flie DnJni¢ree Centre, th¢ lead soiiowxph¢rwiih rtie scr¢enlng pro8r8nll￿Q froill the KVH, Delrdre KeaM4 slated: tIThe iiiolii beDieJli ofihls eliiil¢ ii'fjs iliehlgli iwli7ke ivlih 501iiEn 5creene(Iwer ilie eoiii¥e ofl rtiid Yi flftytr. Tlils hlgh iiplrtke Is fi le&lNnieiil lo fh8slrtffoi il*veiiiie andie¢i'iililiwTheiF lo ihe ¢liiila ftiidihe obillty¥ fo sciyeii sireh lfirge Iiiiiiib¢is ofiven is dtsivM io ili¢ lioi'diipork ofullilie letTm fti ihe &er¢¢nlnsellnlerhoi doy findiliose lil (h8 screenliig offi¢4 rtllgolngilinf exlra wlla 'YheAAA J¢reeiiliig Cli￿le th Driinicree CoNiniiiiilO, 7)'w$lprovid¢doii oppw'liiiiity'foril￿prOjPrl lo ili¢profil¢ OJAAA Serewilng Nillop￿ IIR coniiKunltywidoJlersereep1li￿ io ilieii iiihowiu).hmv oilieiiiilseiw a¢¢eSSed5￿￿1GE5. "Aiioiher beiiefil li lo ￿111￿11 iheffici ilh71 AAA Sere¢iiliwiibork5 r¢olO? Ivell oiil iii ihe coiJimiiiil*y IN iitsK-cll&il¢al eiwli'thitrieiil. Ivlih ¢tsrefiilplrthKlJi& evgogedJiftffoiilie veiiiie oirfi¢fftnivop'k ttciY)35 NIAAASP, Ilils clliilc li'$pl&iinlng. preporailopi omdsiiiorth operft1l￿¥ oil ih¢ dffjp. coil be 115tdax o l¢iiiplulVf￿.fiI1￿re1￿m.¢l1pllCQIAAA scieeiilJw¢llnle& DRUMCREE COMMUNITY TRUST (A cornpNiiy by Eiihyantee) 3 ASHGROVE ROAD, PORTIJ)OWN, CO. ARMACH T7￿3¢￿eSt Allnual Report (lll¢ludlng Dlre¢tOV8 Report Stiwteglc R¢DoI*) YtAi' Elliled 31 Dc£emb¢i'2016 "YlieAAA Seit¢iilii8 Clliileoi ￿.￿m¢ree eoiiiviuiilty Tritslivfts thi eiji oyftble t7ndfiilJKlliig 4ypel.leiieef￿' all￿q￿l￿v01v￿. li eeiKertedihesifecesB ofAAA Sergeiili¥ ￿11 ilie coiliiiiiiiilty oiil&ld¢ ofihe ell￿￿ ¢iivliviimvii l￿d£V n leDiplai¢foYfiiliiie plrtniiedcll￿le5 In H¢alihy Livlng C¢iilies dpidlo¢t>l coMiiiNiilile&." As 8 result of Ihe suc¢ess oethig lthitifiilv4 Diiim¢re¢ ConiiF)unityCentrt ¢he Hous¢ ofHealih has b¢¢ii th¢ venue for se¥ttal moE¢ nieo'¥ h¢4ltli programni¢s. Thr￿Sh Ihls ¢omprehenslv¢ PTovisloJi. Dnthi¢¥ee Comn)ynlty TNst has eoDtrlbuted to Ih¢ iY¢ll-beirtg #ttd p¢rsoi)al dov¢lopment of i)))oy people of all a8¢5 wlihln ¢otmnuDIty. P8rln¢rshlp Wtsrldiig Dnuncree CothD)unity Trust Is a inember or8ar¢5$8lioJ, Ivith hvo rew¢$enlailYes, of th6 Vcrv¢ N¢hvoTk iYl)Ich Is 8POrtnetshlp of ¢o]kununliy or8anlsatlgns and ¢h¢ Souihern H¢alili and Soclal Carc Tn15t opmating across Brn1￿101¥, Litrgan aEKI Porl&do%vn. Along ivlth DniiF)cKe Collununity Tnjst, Ili¢ oih¢rm¢i￿btrorgthlIIsI1lo)J$ Cr8lg¢Yoii Int¢r¢ultur&l Pro8TJmm D￿177e]1&n Cornmiiiitty Oighnlsftllo#. EdgarstoivA R¢sid¢nts As50cialion, Shattklll (Lurgan) Conullunlty Projecfs. TaghiieY4n CoiwllLthIty Development Assoclatlot) ind Filzone Foundation. E8¢h ofthe Or￿n]54t10ns haye e51ablsdied and developed themselv¢s as Healthy Llvlng Centres And are pArt of th¢ Healihy Llvliig Cethtres Alliance ivhl¢h exieLds 4¢ros$ 5¢veral ftr¢&s ofth¢Norfh. DruwT¢¥ CommunltyTrnsl has ttvo reptt5entatives on lh¢ North West Portadoivh Nelghbowliood ReDNval Paltnerthlp. Th¢y woik?longside other coiwnullity groiips on th¢ Parltt¢t5hlp Including Cliur¢ldU PftrklGJrdeiis Tenanls. A$$oclatioR, Wood$ld¢ ResidEnl&Assoclation, ObinsDrivelAYenue A$s￿la110n hTkd Edgarstoivn CommuiiityA550clation. The Depattmenl forc￿￿￿￿nI￿e$, the Edu¢Atlon Authorfty, Souiheni Hc4lth So¢l81 Cor¢ Thisl. Housing Bxcciiilv¢. Soutliem Re8lonal Colle84 HEhd Arniagb, BanbTidgo & Craigavon CouiiciE oY¢also KprwcDted oll the Pertn¢rslJÈp. TheN¢l%hbourhoDd Ren¢ival P&Tthershlp Hlnt5 10 brtnglogeihey the work ofgoYenllnentdeparfnieD151ii partrL¢rship ivldi local peopl¢ to ta¢kl¢ dS$odvpnl48¢ and deprfv4Mloii In all aspcci$ of ¢veryday lif¢. EH¢h year, li Iihs att onniial budget lo briiig fonvardproposols and projeds whl¢h w&tch1hol Th¢ Y￿1th SuppoTt Worker AIMI Heolih WoTkerrepr¢$ehi Drnm¢ree COn￿)￿nIty Th15toii theNoAh West Port8down Nettyork body, iYhl¢h manages tivo externdl ¢oJMmunity facilities, th¢ Darby & Joan Club aiid ili# mulil41s¢ gaines or¢a (MUGA). Al lyell ￿ ott¢Juling regiilar mtttlngs, Ihe). &l$o r¢sponsible forhelpTrii8to org4111$¢ theMUQA programine for ¢I￿ldren find 8dults. Dnnn¢ree Conununity TnJsi18 r¢present¢d on tlie manfigeinent coniinlttee of Blossom Sure Sl&rt, an Initiative to 5UPPOrt #ll pr¢gnfint iyomen and faii)llies ivho hiv¢ a pre5cliool thild or clthdr¢n (04 yeays) and iyho liv¢ in the Portsdoitm area. Sure Slart Is a govenlln¢llt led Initlailve offerltt8a raiigt of servlces to femili¢$ iviih pre-s¢hoo5 ¢liildren to h¢lp themreach ih¢lr full pot¢llilal aiid Is alin¢d atglying every ¢hild th¢ best posslble Start iii life. Sur¢ Siart IYOTk¥ lil pAttlle15hlp i¥lili slalutOry> Yoluiitary romuiunlty sectors tsnd parents to pYomot¢ tbe physl¢o1, intellectual and soclal dtv¢lopineDt of babl¢s aod young¢hildr¢n. DRUMCREE COMMUJYJTY TRUST (A compAMy Iliiilted by guurantet) 3 ASHGROVE ROAD, PORTADOWN, CO. ARMAGH Ti'ii$tets' Annual Rcpoi't (Ineliidlttg Dli'ecloi¥ Repoi* 8nd STh'4t¢El¢ Repoil) YeAr Ended 31 Deeejnber 2016 ¢ollomle D¢velopnient Drumcree Community Tnut is Involved In locol econom[¢ dovelopihent and emplownenl creailon In tbe ¢oirnnunlty ihroug r¢prosenl&tlon on lh¢ Bottrd of Mayfaly Buslii¢ss C¢nttY, 8 $o¢lal e¢oTromy ejits￿l$¢, Ivhlcli hous¢$ a total of hvcnty-five bv$li1￿C4 provldiiii ￿tive¢n tli¢m over 120 full- and part.Ilm¢ Jobs lo lo¢AI pEopk. Throl￿h die v4rious busInesses laeated &t M4yfnw, il 1$ ¢sliiMaled that ivell i]i ¢x¢ess of ttvo wllllon pouttds 15 ¢ontrlbuted annually the e¢oiion)y of the local community Uwough ivo8eJ, rot¢$, tt Th¢ 5mp8¢t of thls adil¢v¢m¢nl by the lo¢al comjiiunky to cr¢4te. develop a￿￿ sustaln thls ¢thiomlc development proJeet18 Ofte￿ under-esttmated and Ove￿I0￿ke￿. By PTovldins business d¢v¢lopnieEht, Job creallon and ¢mplo)mi¢nl opportuoilies. Mayfalr15 niukln8 a positiv¢ rontril)uiloD to the iIv¢s vf Ilio faniilles and Iio¥s¢liold3 of iliose tmployed by the vaflous buskn¢sse$ on $li¢. Publlc Beneflt Sthf¢mcllt DThm¢re¢ Collimunlty Trusts 8ctiYlties are d¢S1￿¢d to enswe ¢oiitrlbuilon tothe 8cblevwne￿i of lis chftrfiable objectives. The Dtre¢lors ofili¢ cort)pawbelieve that ihe ¢haFltable eowpwiy provlde$ a public ben¢fitand meets ilie charltable pu4iose lald doivtt hi The CliaTities A¢t INI) 2008113. Drnm¢r¢¢ comm￿&1]ty TThsl ali?15 to help.. AddictloD$ (dnJg1501velltl•l¢ohol abu$¢)- Adult traiiikng. C8r¢rs' Chlldrcn (5-13 ycar olds),. U¢nernl pllbli¢', tni¢rfac¢ C￿nMu￿115¢s. Men. Mental health. Older peopl¢- PArents' Preschool (0-5 y¢or olds). Specifi0 artas of deprivailoh. UMvniploy¢dnow Inroine" Voliiiitary pnd Cott￿)1￿￿1ty swlor. Volyoleers: Woll)en; Youth (14-25 yearoldsl We hov¢ r¢YlthYed The Charity Coiwnls$lon forNorthem Ircland guldfi]i¢e onpubllc b¢n¢fit4nd can Confirm that ive b¢lleve that we have sfitisfied th¢ publicbenefft r¢4uiremenl. Ovcr a petlod of s¥x iY¢¢ks durlng ih¢ last quart¢F of 2016. a very 8ucce5sfiIl pilot Intcr-gcneraflonal projed iYa$ delivered In conJvn¢lioll willi Rosemotmt CAr¢ C¢ntre iYhi¢h involved yoyii8 p￿PIC froiii th¢ Dwin¢re¢ C¢i)tte andr¢5ideiils ofihe hwll¢. B85ed on th¢ $u¢ces$ of thNt pilot ￿h¢M1¢, Drumcre¢ Con)munity Trusi knicnds to d¢llYer furtlier Inier%eii¢ratiODal projects Iiiyolvkng yo￿￿£ people from th¢Dn￿￿¢￿te Centrc 8Rd resld¢nls of Ihe cart c¢ntre 8￿d to ¢xpaiKI tlie proJe¢l to In¢lude otlTrer older p¢¢pl¢ iiyliig ivlihii) tkn Northivest Portadowu •rea ivith ihe fithh¢r p05slbility of d¢v¢l(>pln8 & specific progrniMne tor older people. Strnleglt lleport Aehlevements and p¢rfoYm&nee The tharlty su¢¢ed¢d In promvling th¢ beaefitorihe InhabltaDts of Portadol￿. We hftY¢ dwcrlbed the perfomipnc¢ of lh¢ ¢harlty Ik furtberd¢t8il In Ihe A¢ilvltles Se¢ilon ftbov& DRUMeliEE COMMUNITY TRusr (A eOmPAlly Ilmlled by guormtttt¢) 3 ASHGROVE ROAD, PORTADOWN, CO. AIiMAGH Tru$t¢¢s' Report Year Elld¢d 31 DecembEr2016 Flhon¢lo1 i'¢vlew Ru¢rv¢s Pollcy T]1¢ Board of Dlreclors hive ¢xMnli)ed ihe ¢118ritgs requtr¢m¢nts for r¢seTV¢8 aiid C￿lS1der lh¢ current level io exceed ihe requiremenls to contlnue opernilon throughout Ilie 2017 fina￿cIal year. The Cutrtiil level ofreserves ftvttllable lo Ilie chgrlty Is £377,243. Thls provld¢s suffi¢S¢Tht fill)d$ io wyer charitsbl¢ ¢xpenditure. support cosls and goY¢rnaiice costs. Stvii¢thre? gove1￿8￿¢¢ mn(I maiiAgenient Tlie board of alr￿10￿ oiily oppolnt newlnJsle¢s. A motloLmitst be pul f¢Tw&rd byone dire¢tor and ft sbmy of hands d¢l¢niilnes If tlke M￿oI￿ty l8r¢ The charltyls 8 cliarliable comparAy Ilmlttd bysuaranlee Iva$ Iiieorporated on26 Fetrfuary 1991. It Is governed by& IiiemoraEJduni of assoclailon, Th¢ cbarliftbletOmPhnYs regl$traihn n111￿1)er 1$ N1038841 and Its r¢81slered offlce 1$ 3 Ath8rov¢ Road, Portadoivn, Co Annath BT62 RPA. The ¢otDpany Is •pproved a$ a chAAty iiiider ihe lenn$ ofthe tncome •iid CO￿•ratI1)n Thxes Act 1988 the Charfty Number 1$ XR34864. On 2 SeN¢mbtr2015 the¢harilable ¢￿17pany1¢￿1sIfred wlib The Clierlty Coll￿mIsSIon for Northern Ir¢land attd Its NIC number 5s 103171. TYu&tteJl Re5poI)Ilbllltles The Tnjslees (IthD aTe also directors of Dmm¢r¢e Community Thi$t for ihe PllryDses of cninpiny laiy are ￿SponsIble for prepirfng theTw51¢es' AtsDual RepDiI and ili¢ fii)aii¢lal 51at¢Ellents S118¢¢orthnce with fipplicable laiy and Uiiited Klngdom Aceoviiilng Stond8rds (United Kingdom Oenerplly Accepted A¢¢4Junting Procll¢t). Coinpany laiv requlr¢s ihclriislees ID prepare l]nan¢181 siatefft¢nls foreach flnaiiclal year. Ivlil¢l) give fÈ true and falrvlthy tjf Ihe stats of iffalrs of Il)c ch4ri18bl¢ coinpany pnd of the lllcoinkng resourccs aThd fipplichdoll of resourc¢4 IncIt￿l￿g ihe I￿ome ond ¢xpenditure, of Ihe cliaritable eoihpany for that period. In prepRYln8 ihese fin&n¢i4151fit¢ments, tli¢ trustees are requlrcd its: sekni Miitable ftceounlFnkpoli¢les 8iid then apply thoiii eons18kn1tly> obserY¢ the Ib¢il)ods and prliicipl¢s in tlie Charitles SORP 2015 (I.-RS 102) 1118ke Jiidgemenls artd estimates that ar¢ reasonable and prud¢nl' stale iylidher ippli¢able UK Accountlng StaJJdaTd$ h&Ye been folloiyed, siibje¢t lo any mat¢riil departur¢$ dI￿103¢d and explfjlned in the firtaticial slat¢mEnts- pr¢pare ihe fii18tt¢ial sMlemEnl$ ¢>n th¢ goli)g come¢m b&sl&wiless li is Iiinpproprlata to pr¢5umeihat the ¢haritabl¢ coll)P4Thy iyill ronilnue In opeyation. Tli¢ hwstees ayercsptsmible for keeplng Qdequate a¢coDniingrecord8 tbat ds$¢lose iyiih re451)nable acwrn¢y at #ny ttme the financlal pO￿lI0N Df th¢ ¢barilable company and ¢nBble ihet)) lo ¢nBiir¢ ibat th¢ fiiianclul statemenis tomply lylib iho Compnnies A¢t 2(N)6. Tliey also responsible for safv8uarding oss¢ts ofthe cliarilabl¢ Col￿PanY And hence forlokb)g reason4bl¢ st¢p$ for th¢ pr¢Ytniion Riid dei¢¢iloii of fThudond oiher 6rrogiilarlli¢5. DRUMCREE COMMUNITY TRU (A comp8n)t Ilfftlted by guNr*lltee) 3 ASHGROVK ROAD, PORTADOWN, CO. ARMACH Ti'usteesl Aiijiual Report Yeav Ended 31 Deeomber2016 Th¢ report of the tru$tet5 h8$ b¢¢i) prepared loklng Advaiitage of the small ¢ompaJJies' ¢xett)ption of Se¢tlon 415A of th CompaDlesAd 2006. Dlsclosure of Infoi'wfttlo￿ to Ibp Independent E%Amlu¢r Wfy Ihe directors of Ilie company Iv1￿ hcld 0￿1¢¢ If IIK date ofapproval oftbes¢ Fl*grtcial Stalen)uls Os Bet out abov¢ eacli cokfintt. $0 far 05 ive are alva￿ Ihat: ther¢ Is no reltvanl infomailon of w.hl¢li th¢ roinpan)ts Indepcjeiit ExaM)I￿r Is unftiY0r¢: and v¢ haye takcn pll thesteps Ihat lye oupjii lo hav¢ laken a¥ dfrectols iii orderto Inhko ourselves aiYar¢ofany relevant fnform*loii aiid to establish that the ¢oiJ)paJ)ts Indepeixlent ExHinkn¢r Is ai%YYe ofthai Inforn*ilwh. In Bpprovlnglhe Annu?1 Re￿rt. iye also approv¢ the Strateg1¢ Report Jn¢luded Ihereln, In our c8paclty 4$ ¢ompany dtrtctor& ppyoveil by the Bo&Yd on 19 Aud 81gned oil Ifs behalf by: Slgned: IcbAel Blngbam CIAiYn T¢nllyso DnuMCREE COMMUNITY TRUST (A eomp8ny Ilmlted by gvRraiile*) 3 ASHGROVE ROAD, PORTèiDOWN, CO. ARMAGH Iiidepclldeiit ExatnlneV$ Reiioi't to Tl'ustees olDrnth¢iee Communlty Trust I report OE) th¢ #¢counls ofih¢ company forihe year ended 31 Decaiib¢r 2016 iyhlch ar¢ setoul pagos 1110 22. Respeedve yespon3lbllliles of (Ilr¢¢toi3 And *xamlii¢i' As the cliarlty Iru51¢¢5 {8nd olso Ilie directors of tlit ¢ompony for the purpos¢s of compaiiy law) you aF¢ ￿sponSIble for the p￿paratIOn of the ac¢ounts In a¢cordao¢¢ iyiih the reqiilr¢menls orth¢ Coii)panl¢s Acl 2006. Having satlsfled myself ihat Ihr Gharity 15 not subjccl to audit under company laiv. and Is ¢llBibl¢ for Independent exainlnatioii. il 15 my r¢spoDsibllityto.' examlne lli• a¢¢ouDI$ Ullders¢¢iloth 65 ofihe Chatliles Aet (Nortiiern Ireland) 2008. folloii lh¢ procedure$ 18id hi the geuetxl DIr￿tIOnS BlY¢n by the Charity Coiwnlsslon for Nortli¢iA Ireland under sedion 65{9)(b) of I1￿ Charltics A¢l' itkl stste lYl￿1￿¢rpArtlCU11rMst{el$ have come to Iiiy 8ttentlon. Basls Df Indeppiident ex*mlD¢r's Roport I baye exttihlned your ¢harlty a¢¢ounls as requlred uthd¢r svilon 65 of the Charltle3 Act and my ¢xathlnalion ivas ¢arrled oul accordan¢¢ ivlth tho generBI fJlYeciloD5 gtv¢iI by ihe Charily con￿￿1￿510]i for Notthcm Irelond uttdcr sc¢lioii 65{9)(b) of th¢ ChaTltles Act. The exonilnatlon Included 4 revieiv of tlie accounliu¥ r¢wrds kept by Ihe ¢harlty and ft eompari$oJJ of th¢ Rccopnts p￿sented wsih Ihose Tecords. 1¢ also incluth eonslderatlon ofaliy unusiTr81 Ir¢ins or dis¢losures In tlie act￿1111* ond $¢eklDgeXpl0D￿1un$ from y¢xi ay charity inJst¢¢S ¢Ollcernin8 any suchmott¢18. My role Is to sthie ivhdher &ny mhkri81 tnailers hav¢ coine io my8ttehlÉon glvlng ine c4u8e to believe: l. That aewunilng r¢eonls ivere not kept In n￿ord0￿Ce iylih se¢lion 386 of ihe Compaolcs Act 2006 2. That lh¢ pccounts do not accoTd wlih those accountlng iecords 3. That ih¢ 8¢¢oiint$ do not ¢q>inply wlth Ihe accountliwr¢qul￿￿ienfS of lection 396 of ih¢ Conipaniex kn12006 and ivith the m¢ihods ftnd prl#¢iples of the aittrliies Slal¢iTr)eDI of Recommended Prnctlce appllcable to eliBrlil¢$ prepgrlng th¢Jr Rccoiitsls In ll¢cordaTh¢¢ wlth the Fi]Jaii¢l#l Reporting $14ndard appll¢able in tli¢ UK ind Republic of Ir¢lAttd 4. That ihere Is fvrthrr Infom?atlot) needed for aprop¢rUtKlc￿EBndin0 of lh¢ accounts ¢0 b¢ reft¢lwl, llldependent ¢XRmlueVs stat¢mciit I have con)pleled my ¢xamliiatlon 4nd have i)0 concerns iji resp¢¢t of the inatt¢r8 {1) to (4) listed •bove ond, frt conne¢tiOll wlth foll4)1¥5ng the Direc¢lons orth0 Ch)Tity Conullission for Nortli¢m Ireltsnd, I hAve foutKI no Matl¢rs that require drawln8 lo your oll¢nilon. JonathAii Ffftulknty ACCA Kennedy & Co ChArt¢red Cerllned Accounlgtt1$ ind Regl$l¢r¢d Audltor4 21 Kllmorey Sli'¢¢t Newty Co. Down BT342 DF DRtt: io DRUMCREE COMMUNITY TRUST (A eomp8uy Ilmlted by guaioiitee) 3 ASHCROVE ROAD, PORTADowf4, CO. ARMACH STATKMENT OF fJNANCiAL ACTIVITIES FOR THE YL4R ENDED3J DECEMBER 2L116 Uiir¢$trltl￿l Reslrl¢ted Fuiid5 Fund$ Bulldlv8 Total Funds Tolal Fund 2016 2015 NOTES Incoine from: DoNtions and L¢gficlt% Oiher Iradlng e¢tivitie3 Other 12.703 3.099 6,805 73.799 9,819 96,321 325,346 3,099 127) 6,803 9,361 Total Iiicome 22.607 73,799 9.819 106.225 334,680 xptndltur¢ Dir¢d Charithbk Expethdlh SupportC05ts Govemhnce Cos1$ 25,275 6,288 2,500 11.837 61.962 37,112 32,752 75.939 83,246 2,500 7,000 115.551 122.998 7,689 Tot&1 Expeiidllure 34.063 73.799 7.689 Net Iiitomel(expendllure) (11,456) 2,130 (9,326) 211,682 N¢1 moyenieiil Iii funils (11,4561 2,130 (9,326) 211,682 Reeoiieltlalolrt of fuiid5: Total funds broiiglit foYwArd 17 7,546 379,023 386,569 174,887 Tolal thnd$ earrlcd foriYAvd 17 (3.910) 381.153 377.243 386.569 All ￿ll￿lle 8hd ¢xp¢nditure derive froin eonliJiuln8 4clivlti¢s Tliostotcment of fiiiallcial aeiEvili¢s Includ¢9 all gain losses recogn5sed thirfiw th¢ year. 11 DRUMCREE COMMUNITY TRusr (A ¢onip#tty Iloilled by guRrall¢ee) 3 ASHGROVE ROAD, PORTADOIVP4, CO. ARMAG BALANCE SHÉET AS AT 31 DECEMBER2016 2016 2015 NOTE F￿ED ASSETS TanglbleAs$ets 13 AF27.687 426,008 CURRENT ASSETS Stock Debtors Cash al and tn hand 14 48 7,184 17,169 25 21,087 24,401 21,164 CREDITORS.. Amoiimt$ FAllln8 Due Wlii)In Oue Year 16 50,525 35,348 NET CVRRENT ASSETS (26.124) {14.184) TOTAL ASSETS LESS CUIUiENT LIABILrriES 401.563 411.824 FUNDS Unr¢strleted Funds R¢strlcled Fullfls OTgliio1 BulldlngFuttds Bullditbg Fiindi 17 17 17 17 (3,910) 7,546 24.320 381,153 25.255 379.023 401,563 411,824 For tbe y¢ar endlug 31 Deeember2016 th¢ coinpanywAS ¢ntltled to excrnpiloii under s¢¢llou 477 of th¢ Coiiipgnle5 Art2006 relaliiig to sMpII e01)]pa￿lC$. The tNsl¢¢s have notr¢qutr¢d thefompony io obkln an 8udil In n¢cord&nc# ivlih srcilon 476 ofih¢ Companie$ Ael 200& Tlic dir¢¢lors &ckno%Yled8¢ Ih¢5rreiponslblllti¢5 for colliplying ivlili lh¢ requir¢i)ient ofthe Act ivith resp¢¢t to 4ccounli08 Com￿nI¢S T¢8iE))e. 111¢se accouiits havt be&1 pr¢pared in accordallr6 Ivlth tli¢ provtslous uppll¢abl¢ to ￿mpE￿I￿ $ubJect lo th¢ sittall Col￿pan1V￿, regiill Th4 financlal statemettts were appN)ved authorlsd for Issue by ilie Boanl on Iq Signed on behalf of the Board of Thiste¢s, TRusfEES: TRusfEES: . MICHAEL BINGHAM CIARAN TENN SON, 12 DRUMCREE COMMuNrrY TRUSV (A Eompgmy Ilmlltd by gvaynijter) J ASHGROVE ROAD, PORTADOWN, CO. ARMACH Notes to the Flnftudll Stftt¢melltS YtRY Eudtd 31 December 2016 Sum]llfti¥ of$lgnllleant ye￿￿11￿ng pollcles G¢DeiYl Informatlots Rn(I bA$ls of prepRi*ilon Dwm¢T¢¢ ComnitsNIty TrI￿t Is t Chhrltable Company bAsed In Northern Ir¢lhnd. Ill Ihp ev¢nl of tbe charlty bÈli iyound UP* rlw liability In r¢$pert of the 8uarantee Is limlted to £1 ptr member of the Charlty. The llddrt￿ of Ilie regl8iertd offlce Is glveth Iii flie charity InfonnatioD 011 paBe 3 of ¢hese fJno11¢lfvl statements. Tl1¢ naluR of ihe ¢h&rlii$ OP¢Tatloiis ond prknclpal A¢ilvlile$ Itkcludrd In the Tnisttts, A*nual Report p4g¢s 4 10 9 of flie5E fin4ncial Ilat¢m¢nls. The ch•tltyconsil￿t¢s a public benefit entity fis defth¢d by FRS 102. Tlie finan¢lftl 5tatem¢Trls h&Ye been pr¢pared In wSih AccouThilng ll41d R¢portlDg b>, Charities: Stai¢ment of R¢coinmend¢d Pracilc¢ spplicuble to ¢h4riile5 pr¢paTh)g their 8c¢oiints In accordan¢e ivltli th¢ Fhittn¢ial Re)x>rtln8 Standard Jppllcable In lh¢ UK pnd R¢piiblic or Ireland {FRS 102) Issued on 16 July2014 (0$ updoled Ihrougli Updat¢ Bulletin I publlshed on 2 february 2016), the Flnon¢lal Reportlng Slanddrd Rpplk&bl¢ h) the United Kb)8dDm and Republ1¢ of Ireland {FKS 102), th¢ CbariilBs Act 2011. th¢ Cojttpaiil￿ A¢t 2006 ftnd UK Gth)erally Ae¢¢pted Practice 8$ 5t opplies from l Joniipry 2015. Tht charity applled Updèto Bullelin l 0$ publisbed ort 2 February 2016 and does not Include • ¢¥5h floiv statement on th¢grounds that li Is applyliig fRS 102 Se¢ilon IA. Th¢ financial statem¢nls are pi¢pared on h going eon¢ern bhSi5 iuider the klslori¢fil cost eonvethilon, mpdified lo In¢lude Certain It¢ms at f8lr vhlue. The finen¢lv41 stat￿lIentS aw pnseirt¢d In sierlkng whl¢h Is ihq fvn¢llonal ourrefjoy of th¢ ¢hJrity. Tlie si#nSficollt I¢￿￿￿11￿8 poll¢i¢s applled ltt the prepar¥tion of these flnpnclal slateii*Mts are sel out below. 711¢5¢ poli¢F¢s have b¢¢n consistently opplled to Ttll ye2rs presenled uftk5s olh¢nvls¢ 51aled. Ihe d]arAty &dopled SORP {FRS 102) In lh¢ ¢uryenl ￿Or and an exptsimlion Df how tr&n$ltion io SORP (FRS 102) ha& offethd tbe r¢ported finhncial posilion alNI perfommEi¢e i$8lven In iiot¢ 20. Funds UMr¢strkted fi)nd$ or¢ 8vaiiable for &t the discKli0￿ of fbe trmsle¢5 In fi￿llera￿e of ihe 8w]¢ral obj¢ctlve$ of tbe ¢httrftyand ilthlrh h&ve notbeen de518naled for otberpwposes. DeslBn&i¢d fijiids £omprls¢ unyestrlcted fiJJMls that been s¢1 •$ld¢ by th¢ itv$le¢g for partl¢iil&r purpose& Th¢ alm d use of eaeh deyignatd fund Is setout lThtho iioles to th¢ finan¢lal $tolein¢nts. R¢$trl¢ted fut￿$ ore funds iyhlch fire to b¢ used In 8¢¢ordai￿¢ i¥lth spe¢ifi¢ ffstricilons Smposed by donors or whtch hav¢ b¢en rais￿ by the tbarlty for partleiilar pl1ry￿seS. The ¢ost of rAlslllg admlDlst¢riThg siich fvnds ar¢ ¢har8ed 08alnst tli¢ specltlr fund. The aith #nd u$e of each re5tri¢ted fund Is $et out In ih¢ not¢5 to lh¢ finaiicial slat¢meiif$. EEthI￿nt￿t SJThds represeiiÉ those ussels whi¢h ttwst be held p¢rman¢kily by the charlty. prni¢lpAlly th¢ builditig. ¢Dm¢ ar151ng on fhg ¢ndoivntneni fithds be used In accordon¢¢ ivith th¢ obJe¢ts of the ¢hir5ty ak￿ Is In¢lud¢d as restrlcl¢d incom& Any cnpital 8aitis or losses Ariskng on the Iiiv¢stments fonh part of th¢ fiiiid. IrtV¢51m¢nt maDa&tmen¢ rhar8e5 and le841 Advl¢e relat￿1810 ihe flind ar* Charged agAlnsl the fimd. 13 DRUMCREE COMMUNITY TRUST (A ¢ODIp￿ilY Ilmlted by guArAlltee) 3 ASHGROVEROAD, PORYADOWN, CO. ARMACH Note5 to the FlnAiif lal StR¢emon18 Ye#r Ended 31 December 2016 l. SummRry ofslgnltl¢a** Aecoulltlng pollcles {Collt,,) Jncome ¥ecognlllon All kn¢omlllg resour¢¢$ ar¢ Included In th¢ Sl£lement of Flmn¢lal A¢tivlil¢s (SOFA) ivlien the eharlty Is legally ¢nlitled to tlie Sn¢oni¢ 8fter ally p¢rformit)¢¢ ¢ondlilons have been mel, the amount con be i*efisurd reli8bly and it is probable thai ili¢ kncome i¥lll bÈ rt¢¢lYed. ror donailoDs lo be re¢ognlsed ihe ch￿ity will hRv¢ b¢en notlfied of t1￿ ainounts ood the seltleiiienf dat¢ In Writi￿ If Ihcre gre condiliot)$ 8118¢h¢d lo Ili¢ do•atlon Rnd Ibls requ￿¢5 a level ofperfonllaLce befor¢ eDtitletncnt be obtalned then Income IÉ d¢feNtd untll thos¢ conditlons are fully m¢t or tlie fi]lfilm¢ntof those condiilons 1$ ivlthin Ili¢ ¢Ohtrol oe theclTrarlty and It Is probabl¢ ih811heyiYlll be fylfilled. No ainoynl Is In¢luded hh th¢ financ1￿1 8tat¢ments for v0limte￿. time In line with the SORP {FRS 102). Further detail 1$ BlY¢rt In the Trust¢¢$' A*iiu41 Rrport. In¢om¢ fron) oih¢r tradlng 8¢ilYlil¢g In¢lud¢5 kncome eam¢d from fiuKl1aisb￿ ¢v•its hTEd 1¥ading activitles lo rfjl￿ fvAd$ for iho¢harlty. bicom¢ IsTe¢¢lved In ¢xrh8n8? for supplylng goods aiid serTrA¢¢s In order to ro1$¢ Ilind$ ll[￿ Is reco8nt$ed ivlieTh enill1¢n￿nt bas o¢¢ury¢d. Tlie ¢harlty wec¢iv¢5 BoveThm¢Dt grants bi TeSpe¢t of vftrioug eosls Incy¥r¢d ivlih tho PTovislon of ils Charltlbl¢ Aclivitie5. In¢ome from 80￿mmeDI and oili¢r 8r4nls are rttow)Ised al falr Yalue iylien Ili¢ cliarily eulitleme]it after athy p¢rfonthaR¢¢conditioJ)$ hAv¥been met, It Is probabl¢ that Ib¢ ivlll be ¥e¢elv¢d oiid the emount ciii b¢ 11)easiwed reliably. If tntiil¢menl Is nOt￿¢t ilien ihts¢oiiioNnts are def¢rr¢d, oth¢r Income Includes the renlal Income recelved from iho r¢ntal ofih¢ hall. Expendltur¢ 1￿cOg￿l￿On All ¢xp¢ndliur¢ Is accouttied for OD ac¢Thals basis and hp5 bKn clR55ified iindEr Iwadings that aggregate ftll wts related to tho c4l¢gory. Bxp¢nd51iir¢ Is r¢co8nlsed lYlie￿ ther¢ is a le8iil or constru¢ilv¢ obligation to Inake payments to Ihlrd partles, It Is probable thai Ihe settleinent iyill b¢ rcquired and Ilie Minounl of th6 obllgalioii b¢ m¢4sw¢d Ilably. Itls calegorl$ed underthe folloiving headin8S: Costs of dir¢¢t ¢hrliable ¢xpendltur¢' Exp¢nd)￿T¢ on8iipport Costs: Und Bxp¢ndliur¢ on 8ov¢n)on¢e ¢tssi$, Irrecoverable VAT Ss char8¢d as 8Tr ¢XPtnS¢ 98alnsl th¢ 4¢tlvity for wthScli t%p¢ndltrJre arose. 14 DRUMCAEE COMhlUNITY TRUST (A eompany Ilmlled by giiarakntte) 3 ASHGROVE ROAD, PORTADOWN. CO. ARMACH Notes to (he Flnftntlftl Sthtemeiits Year Ehded 31 DecembÈr 2016 Summary of sl£nllle4nt aecollntliig pollele8 (Cont..) Support eOSts allocAtlon Support co$t$ 8r¢ thoso ihot osslsl the work of the charlty but do not directly repTe5eDt charltable 8clivilie5 8nd Include offl¢¢ ¢osl$ olld #dtnittlstratlve pttyroll ¢0$￿ They ore Inciirr¢d dire¢tly In support of txp¢rtdihJrr on Ihe objects of lh¢ ¢harity. Wiere 5UPPOrt ¢0s1s Cannot be dlT¢rily attributed lo parti¢ul&r he4d1￿8$ ihey hav¢ b¢eii 011￿01¢d io of rnlslng fund5 atMI cXPEllditU￿ un charitoble ft¢ilvlile$ txl 8 bh$l$ eonsl$l¢nt ivith use of tlie r¢50urces. Prenilses overheads otlieroyeilieads hAYe been alk)cat￿ as EXp￿di￿1[e support ¢0sts. Tanglble flxed ajstts Tonglble fjxeil assets are Slated at cost less accuii)11lAted depreclatloii and accumulated ImpaErment losses. Cost includes Costs directlyllurlbutable loinaking the ￿S¢1 ¢apabl¢ of op¢rgilog as int¢nded. Depr¢clatloD Is provlded all tangibl¢ fixed fisset4 ol raies calculated lo wi'lt¢ off the cost. 1¢5$ ¢slimit¢d T¢slduil valu¢. of each I￿¢t oJ] a $yst¢inail¢ bR51s ov¢r Its expe¢led wsvful Ilfr as folloiys: Asset Cla Bulldtng5 and R¢Dovations Flxtuies, Filtlngs and Equlpment DepTe¢lAtlon method rate 2% Stralghi Line IOY• Reduclng Bgthnc¢ Th¢ bylldln8ha$ been valued usTrrtB Ih8hbtorlul ¢osl b￿1$. Stoc1£5 Stock are 5tTrted at ilie loiY¢r of.cosl aEd estimated sellkng prl¢t less costs lo ¢omplel¢ and sgll. Cost InGlyd¢s 4ll c0515 of purthJ$e. Cost 1% rglculated usu18 tl?¢ fir$t-In, first￿￿1 fvmiuI￿, Provlslort Is mad¢ for d4ma8ed, Dbsolete and sIDIV-JIIOYillB Stock ivhere opproprlate. Debtors and Credltoys i'eeelvAblelpttynlile J%'lthlL one year Debtors and ¢redilors iyith $14ted lftiere$i ral¢ hthd r¢¢¢lYabl¢ oi. payabl¢ ivhhln otscyeBr are teconled at Iransaeilott PTie¢. Any lo$s¢s o1i$lhg Imp8tmiettt are recognised kn cxpendltwe. Employ¢c Benenls When ¢inployee$ hive rendered servlce to Ihe cbarty, sh0rt-tsn￿ ¢mployee benefiis lo ivhleh Ilie employees enililed or¢ re￿8￿[S¢d 4t the Ulldiscounted amouttt expected lo b¢ ￿ld In exchange for Ihal s¢Thk¢. Tile rharlty op¢rate$ ft d¢fin¢41 c¢)nlributioll platt for tbe b¢n¢fit of ils ¢mployee& Comtributlons •r¢ expensed 8sth¢y b¢¢om¢ payoblE, ImpAlYment Asset$ not ttleasured at falr value ar¢ revieived for any indlcation that tbe asset niay b? Imptslred fit exch ￿lail¢e sh￿1 dftte. If siKh Indicfitlon exi5t& ihr Tecov¢robl¢ Oft￿￿￿t of ihe #ssel. or Ili¢ fissevs cash 8¢n¢r&tln% 1inli.ls ¢5timated atid ¢ompaY¢d to Ihp ¢&nySng aniounl, Where the ¢anythg Anioiii)f excttds 115 recoverable ornoiint, Impalmient Ins$ 15 Y¢CQ8n15ed In profit or loss vnkss the asset 15 ¢a￿led It a revalued fthk)unt ivher¢ ih¢ impal¥m¢ttt loss 1$ ¥ T¢voIu4tlon decT¢asc. 15 DRUMCREE COMThIUNITY TRusr (A eompaiiy Ilwltcd by guAraiilee) 3 ASHGROVE ROAD, PORTADOWN, CO. ARMAGH NDttS to the Fliianelal Statemellls Ye&i' EM(Itd 31 Deeriiiber 2016 Tho ¢harlty Is an txenipt charlty within th¢ nkanlngof sclieduk 3 of th¢ Cliarlties A¢t 2011 Ind Is con$ldered topa$8 Ilte 1¢51S $¢1 out In PmbThph I S¢h¢dule 6 FiEh&rnC¢ A¢t 2010 8ttd theT¢foTe li ni¢ds the d¢finlilon of tt eharltablt cornpotty ror UK corporallon taxpurposes. Golng ¢on¢¢rll Th¢ finan¢lal 5t&tema)Is have been pwared on a 8011￿ concern bA515 as Ilie In￿le¢S belleve that no mpt¢rlal vn¢¢rt8lnil￿ ulst. The tsust¢es have considered tbe lev¢1 of fullds held *Ad the expected level of Income and expettdilur¢ for 12 months from iuihorl$irtg Ihe$¢ finaii¢Sal sla1w￿¢nts. The budg¢ted In¢om* 8nd ¢xp¢Ldlturc $uffi¢lenl wlih th¢ l¢v¢l ofY¢s¢ry¢s fortbe Charftyto be able to eontiNu¢ as o 80kn8 eoncern. Itt¢onie from doknAllolls and leg8cIc5 2016 2115 Donatlorts Orartts Oilier ,310 85,192 9.819 3,328 98,152 223.866 96,321 32S,346 ljKom¥ fro￿ don8tlong olld legaeles ivas £96,321 (2Q15- £325,346) C+fiYhleh £9,819 (2015- f223,866) wns altributable lo end01￿lMe7itS, £73,799 (2015- £73.800) iya8 attribiitable to restrl¢kd and £12.703 (2015- £24,352) was 4ttrlbulabl¢ to unrcslrloled fitnds. £85,19212015 - £98.152) of gc&vemMent graiit$ iYer¢ re¢¢lve¢J for th¢ CharStsble A¢il¥1il￿ d¢s¢ribed In th¢ Tw51ees' Anni￿1 Report. In¢ome from other l￿dIng R¢llvltles 2016 2015 Fundralslng ¢v¢ttts Shop IncoiiieVLoss) 3.036 43 (2?) 3,099 127) In¢ome from oth¢r Ir8din8 actlvitles £3,099 (2015- ￿7 Loss) attd iva$ wholly a￿lbUlabI¢ to unr¢$trkled fyDds. 4. Othei. lii¢ome 2016 201S Other Incom¢ Trlp In¢oitte blfj Club Income Rental Incon 2,970 2,724 2,011 2,070 5,187 1,204 6,805 9.361 Otherln¢oh* iyfts £6,80512015- £9,361) and iv•s lvholty hnrlbutobl¢ Io UEw¢sirl¢ttd fimds. 16 DRUMCREE COMMUNITY TRUST (A eompxiiy Ilmlted by giiai'Niit¢e) 3 ASHGROVE ROAD, PORTADOWN, CO. ARMAGH Note5 to ¢b¢ FlllMDdftl Slftlemeuts YrAI' Ellded 31 Deconibor 2016 Aii8ly81$ of expelldltitly Oll ¢baYllable Aellvl¢ie5 Acllyllles undertgk¢n dlrectly Totil Travelling Expens¢5 Ediicatloiiol Couises C&bln Club Expenses Sur¢s¢art Progrnnime Exp¢ns¢s Health Hoys¢ Expenses 6,874 2,3 IJ 24,180 2,502 1243 6,874 2,313 24,180 2,502 1,243 37.112 37,112 6. AIIo¢Atloii of Support ¢osts A¢llvl¢l¢J uiidei'lAkeii dlreetly Total W81¢r R81¢8 R¢patrS￿d Rctmv41$ Llght &Trd Hea¢ 457 457 890 2,202 3J80 1.206 401 539 218 255 56A64 9,599 328 2,202 3,360 1,206 SUTaiice T¢l¢phone Oeneral Expens¢s B8nkCharges Bai)k Inler¢st Rent Wages Depre¢l&ilon Loss on Disposal of Fi%¢d Assels 539 218 255 56,464 9,599 328 75,939 75.939 GDv•rJtRllce Costs 2016 2015 Ind¢p¢nd¢nt Ex•i))In¢rs Remuneratlon 2,500 7.000 2,500 7,00 17 DRUMCREE COMMUNITY TRUST (A compRliy Ilmlltd by 3 ASHCROVE ROAD. PORTADOWN, CO, ARMAGH Notes lo the Flnfmclfil St8tements Yefir Klld¢d 31 De¢ember 2016 8. Net Ineomo foi. Ilie year 2016 2015 Ntt In¢oth¢ IJ stated rh3rgli)g Depreelalion of tsngibl¢ fix¢d Assets Los$ on disposfftl oftftngible fixeil assets tthss on disposal of cupltal grants 9.599 328 9,206 2.712 (865) 9.927 11,053 liidependefjt exttmlneis remutteTAllon The Independent ¢x¥inhJers remuneratlon WllDiillls to an Ind¢pendent uamln8ilon f¢e of £2,$00 (2015-£6,000). 10. Trusl¢t$ 4iid key monAgement p¢nonllcl re￿unerAl1Oll a￿d ¢xpeKise8 The Iruslees neither received DOT waived any remuneration durlng IIK year. (2015; Nil). 11. Stsf¢CoJt8 And bell¢flts No ¢n)ployees r¢¢¢lved to1￿ employ¢e benefils (excluding employ¢r p¢nsion w$is) of more that £60,000. Th¢ aYera8e Moiithty of employ¢es durlrtg ihey¢ar i￿$ as folloiys: 2016 2015 Charilable Acilvi11¢5 Th¢ total stoff costs And cl￿p10y¢¢s b¢n¢fil's iva$ 0$ ftslloiv.. 2016 2015 Wage$ ind $ftlarl¢s Soclpl S¢¢urlty 55.942 522 58,008 1,281 56A64 59,289 12. Elltere8t pAyabl¢ 4nd SlmllRr ChaYge8 Biith loar￿ and QV¢Fdraft5 757 708 757 708 18 DRUMCREE COMMUNITY TRusr (A eompftiiy Ilmlled by gY&r*￿tee) 3 ASHGROVE ROAD, PORTADOWN, CO. AIIMAGH Notes to the Flll8n¢lfil StAton)ollts Y¢Ar Endtil 31 Dccgu)ber2016 13, TAnElble Flxed knets Fl%tures, Flttlngs Crtplt#l Bulldlny RenovRlloll$& Egulpnient CrHnt Total Cost At i Jaiiuary 2016 3.0(Kl 460.829 28,197 34.743 (48,920) 477.849 Additloils 9.365 3,174 12.539 (1,051) (1,051) At 31 Decth)ber2016 3,000 470,194 28,197 36.866 (48.920) 489,337 Deprcclallon Ai l Jaiiutsry 2016 46,156 14,208 (12,146) 51.841 Charg¢ forihe Year 9,404 S64 2.352 (1,768) 10,532 On Dlsposal At 31 December20I6 (723) 15,837 (723) 55,560 4.187 (13,934) 61,650 Net Book VAlnt Al JI De¢emb¢r 2016 3,000 414.634 24.010 21,029 (34.986) 427,687 Ai 31 D¢¢ember2015 3,000 414,673 24.574 20,535 (36.774) 426,005 The net bDok YAlue of latml pnd biiilding5 ¢omprL5ed: 2016 2015 Lood and BulldiMES: Freehold 417.634 417.673 19 DRUMCREE COMMUNITY TRUST (A eompaijy Ilmli¢d by guRrantee) 3 ASHGROVE ROAD, PORTADOWN, CO. ARMAGH Notes lo ¢h¢ Flnallclgl Statements Year Elided 31 De¢tmber2016 14. Stocl£s 2010 2015 Flnlshed GcM)d$ 48 25 All stock Ii¢ld is for rlie cafc. l& Debtors 2016 2015 DebtorB 7,184 52 JO. CredltOJ3: A￿011n18 f4lllnE due iylihlrt olle yeav 2016 2015 Ba￿k Ovtrdrafis A¢¢Yuals Def¢￿ed In¢om¢ 17,611 31914 7.430 25,915 2,003 50,525 35,348 20 DRUMCREE COMMUNITY TRUST (A compftny Ilnillcd by guaraiitee) 3 ASHGROVE llOAD, PORTADOWN, CO. ARMAGEI r4otQ5 lo the Flllartclpl StMtomÈllfs Year Knded 31 DecEmb¢r 2016 17. Funds i'ecollcllla¢lo Unreslrlcted furt(Is Balanee ot l 2016 Balance #t Exptndllure 31 Dvember 2016 Iiitome Qeo¢¥al Funds 7,546 22,607 34,063 (3,910) Reyh4ct¢d fjlpn¢¢ it l Janiigry 2016 Balfint¢ al Exp¢ndliiir* 31 Decemb¢r 2016 Rcstrl¢ted Fuods 73,799 73.799 Biilldlll¥ Fulld l Jollulry 2010 Exp¢iidlture 31 Dccembvr2016 idoivmEnl Funds 379.023 9,819 7,689 3È1,133 OrÈlnHI Bulldlllg Full