Drornore Educatlon & Commvnlty Pathershlp Cwany Rtystratk￿ Nurythr. N167452 Trustees. Annual Report for the year ended 31 December 2022 Tf* Twstees K*esent b)er Retrrt and the yearwthy 31 2Q2. whth d80 Reference and administrative details The ¢haiityname. kgal narne0ft￿ ￿￿)"ty is... Dr(YYKYe E¢kn & CThmmuThty PaEtnwthip. The ch*ty is Wiste￿ in Irdarky wth the ChJity Comrrlss￿ #i tkjthem 1rd￿d ICCNII ¥Ath ch¥*ty nurnter 1031K). The dwty r￿1 oFerate In arry overse85 Legal Structure ofthe ¢harlty The eharty is o)nstibJtaJ as a company limrt& by guardtrtee. regi*ered the Nits . The der (x*mpany *k8labon. Thè govemin9 docwnEnl ts dated 07 December 2007 Thèrè are no ￿$tri￿ron$ in the goveming documents on the operation of the Charity or on ts inveskn*nt ry)wer3 Other than those imposed by Charty Law. By (wation of L* all. tDJstees are directors undw the Comparsies A(X 20(6 aThJ all direclots are trustees charli￿ bjiildiiuii dn# IHve resrM9￿￿e5. as suc•, under tM)th (yjnpany and tharty kgislation. The trustees are all indniidiLqLq Drom*xe Educatlon & Comrnunlty Partnership Company Rewtrakn NUmt￿. N167452 Trustees, Annual Report for tho year 8nded 31 December 2022 Thè prlncipal operating add¥es4 tskphone number. emall and adths8es ofthe charfty are:_ 37 Omagh R(4d Drc•ncKe, OnHgh CcAJnty Tyror*. BT78 SIL ye*r￿(￿e 028 8289 8618 Email PdL*ess Web *Y(tre5# The registered ofthe chartyfor Compani•s Ac* purposes 15 the San￿ as the tsperaling add￿$9 shown above. Th¢ Tr[￿ in offic• on the datethe re[￿￿ Tmas approved *we.'- DeM￿t MontwJue christs.ne th)herty Dav￿ H8rdy followlng poysons ¥•rv•d as Trustees durfng yoarended 31 Dec•mbor 2022:. Thetrustees who seryed as a trustee in reFNxb"ro wiLwJ *ve as sh(ywn aiy)ve. ar￿ therewere no ehanges during the or in wod me yeaf eno ana apwwal tli¥ aLvJuiIL& l the trustees also members of the tharity. Objects and acllvitles of th? charity The purposes of the charty as set out In its governing documenL The object of the Corryany is the prorTK)bon of community part￿patH)n in heaf£hy recreatiors for the benefit of the inhabitant5 of Dromore, County Tyrone and rts envirofts {thÈ'area of benefrt by.. lal providing factlib.es for schools. voluntary and UU tor 2022r23, in order lo remain operational. During the year, the charty continued lo offer a wide range of phyEical adwttss for all age-groups wrthin the communty increasinu ftxjtfall through the sports compkn which %en Ift hgher takings fof dasses and gyTn users. The differenee the chartys perfom?ance during the yearhas D￿de to tho ben•ficiaries of the charity and wider Society. Thè difference the charitys performanee makes to the benefioarps is synrficant. The tharity, through the spofls faality, provh8es a Centre where trndpiklua￿. of all ages, from au sections gf the community. can come and engage in physical actNty. for its own hea￿h benffts. but also for the social aspeLt The StiL¥al sN*e cannot be ovèrstated as rural Comunit￿S benefft most from such projects. and éspecial￿ the older members of the ￿n￿nunty. Peing able to offer the fac11rt￿ts it nomially does. and the dasses rt nomulty d￿s, on a reguLar and cOn￿stent basis nomially provides a routine wh￿h children and older peopk alike. can benefrt from. Local sports dubs have 8 Central faciltty to engage in training and practKe which they may not otherwse have at thei¥ grounds. Dromore Edu¢atlon & Community Partnernhip Comwiy Rwstration Nurt&v. N167452 Trustees. Annual Report for the year ended 31 December 2022 StNcture. governance and management of the charlty The methoits used to recruit and apwntnew charty twstaes. The charity does not undertake any actNe ￿¢r￿lIMeftt for new trustees. Word of mouth amng local ¢ommunitylsports groups, businesses and schools is the main ￿￿thOd of bringing new trustees in when there is a POSTtion vacant Each proposed new candwjate is considered for ofessionali5m and tnJslK>rthiness by the existing trustees. Bar4(ers Fwst Trusi Bth. 8 Huh SX Cryh. Cth TyrE¥* 18H R(ry P & Co Ltd, 37A Ikin Stree( ￿£¥no¥e. Cwnty Tyr￿ BTT8 A(xountanls Flnanclal revlew The charltys financial posilion at th• endof the yearendod 31 De¢ember2022 The financial pOsit￿n of the charity * 31 Dec*ntsr 2022 and o)mparatives for the prior period. as more lully detaI￿d in the accounts. can be summarised as follows".- 2022 2021 riot InGome 16,6911 10,511 un￿sIr￿thd Re¥￿￿ FurKls avala￿e fry t g￿eral purposes of Ihe chwity 60.28K) Total FurKIs 56.864 63.555 Financial review of the position at the reporting date. 31 Deceml)er 2022. Overall thè charity is reporb.ng a net defi¢)t of £6.691 for the year lo 31 Decen*Jer 202212021.. surplus £10,511). This yeaf Ihe Chanty increased takings from usets of the faalty which helped offset the reduction in grants re￿Ned duriny the ye8r. The trustees o)nswJer the finanual performan￿ of the charity in the year to te adequate with sa￿S increased. At the repofbng date the balance sheet remains sofvent wrth a posrtive reserves pO$rt￿n. Dromore Educatl¢n & Communlty Partner5hlp Cthnpany Registrats"on Nuffltw- N167452 Trustees. Annual Report for the year ended 31 December 2022 Policigs on reservgs. Annual surpluses ale retained eath year within reserves. These ￿SerVeS provide resilien￿ to th8 charity to meet the dem8nds of a drop in incomè levels, or the demands of 8 new opportunfy or project. The policy is for reserves to be buitt up on an annual basis from the nel ￿lplus. As at that the end of the financial period 31 D￿nknr 2022 the reserve5 held by the tharity amunt to £56,864 Availability and adequacy of asséts of each of the funds The board of Iwstee$ is Satisf￿ that the charitys assels in each ftjnd are availabte and adequate to fvlfil ts obligations it) re5ped of each fund_ The major riTsks fo which tho Cl￿rity ts exposed and reviews andsystems to mitigate them. The major risks the charty fa(*5 15 the finanu81 ryact of the war in Ukraifte and rising gnergy costs. With almost re￿rd ￿velS of inflalK*n the cost of the charity healirvJ has doubbd which had a signfficant impact in 2022. There is 8150 a risk that potèntial gym-users may dec4de to curb their spending in the comirKJ months and years as they also experience a drop in Iwing-standards wh￿h wll potenb'ally impact on the charitys. fvI￿￿ incon￿. To mtbgate, Ihe Charity 15 constanuy monitoring for new SOUf(*s of fundin9. as well as knking at cosl (x)ntsol rnea5ures as a means to limrt the impact of a drop in inco￿. Factor* lik•ly to aff•et fvts•re finan¢ialp•rfom7an¢?. Futur* frnancial perfornx?n￿ ￿rill bc - -KJnthG8ntty vnp8cted by the knl of publifj nm)iiey avciil