REGISTERED COMPANY NUMBER: N1067452 (Northern Ireland) REGISTERED CHARITY NUMBER: 103190 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023 for Dromore Education&Communit Partnershi
Dromore Education&Communit Partnershi Contents of the Financial Statements for the Year Ended 31 December 2023 Page Report of the Trustees Independent Examiner's Report statement of Financial Adivities Balance Sheet Notes to the Financial Statements 6 to 12 Detailed Statement of Financial Activities 13 to 14
Dromore Education&Communit Partnershi ort of the Trustees for the Year Ended 31 December 2023 The trustees who are also directors of the charity for the purposes of the Companies Acl 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by 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 {FRS 102} (effective 1 January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1067452 (Northern Ireland) Registered Charity number 103190 Registered office 37 Omagh Road Dromore Omagh Co. Tyrone B T78 3AL Trustees C Dohety D Hardy B Mccarron D Montague Company Secretsry N McAloon Approved by order of the board of trustees on 29 July 2024 and signed on its behalf by.. B Mccarron - Trustee Page 1
Inde endent Examiner's Re ort to the Trustees of Dromore Education&Communi Partnershi I report on Ihe accounts of the company for the year ended 31 December 2023, which are set out on pages three to twelve. Respective responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. examine the accounts under Section 65 of the Charities Act 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 state whether particular matters have come to my attention. Basls of the independent examIneS report . I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9){bl of the Charities Act. The examination included review of the aG¢ounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to slate whether any material matters have come to my attention giving me cause to believe.. That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not Gomply with the accounting requirements 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 That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters {1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Rory Gormley The Institute of Financial Accountants 29 July 2024 Page 2
Dromore Education&Communit Partnershi statement of Financial Activilies for the Year Ended 31 December 2023 31.12.23 Total funds Unrestricted Restricted fund fund 31.12.22 Total funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Charitable activities 82,615 9,224 91,839 81,163 Other trading activities Total 27,781 37,005 27,781 119,620 82,615 27,709 108,872 EXPENDITURE ON Raising funds 5,771 5,771 3,495 Charitable activities Charitable activities 80,888 80,888 71,281 Other Total 1,140 87,799 39,418 39,418 127,217 115,562 NET INCOMEI(EXPENDITURE) (5,184) {2,413} (7,597) (6,690) RECONCILIATION OF FUNDS Total funds brought forward 56,668 197 56,865 63,555 TOTAL FUNDS CARRIED FORWARD 2,216 49,268 56,865 The notes form part of these financial statements Page 3
Dromore Education&Communit Partnershi Balance Sheet 31 December 2023 31.12.23 Total funds 31.12.22 Total funds Unrestricted Restricted fund fund Notes FIXED ASSETS Tangible assets 31,798 912,793 944,591 974,385 CURRENT ASSETS Debtors Cash at bank and in hand 9,750 18,254 28,004 9,750 18,254 28,004 18,750 22,950 41,700 CREDITORS Amounts falling due within one year (8,318) {8,317} (6,680) NET CURRENT ASSETS 19,686 19,687 35,020 TOTAL ASSETS LESS CURRENT LIABILITIES 51,484 912,794 964,278 1,009,405 CREDITORS Amounts falling due after more than one year (915,010) (915,010) {952,540} NET ASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS 2,216 49,268 56,865 10 51,484 56,668 197 56,865 49,268 The charitable company is entitled to exemption from audit under Section 477 of the Companies Ad 2006 for the yoar ended 31 December 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2Q23 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and {b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Seclions 394 and 395 and which otheNise comply with the requirements of the Companies Act 2006 relating to financial stalements, so far as applicable to the charitable company. The notes form part of these financial statements Page 4 continued..-
Dromore Education&Communit Partnershi Balance Sheet - continued 31 December 2023 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial ststements were approved by the Board of TNstees and authorised for issue on 29 July 2024 and were signed on its behalF by.. B Mccarron - Trustee The notes form part of these financial statements Page 5
Dromore EduGation&Communit Partnershi Notes to the Financial Statements for the Year Ended 31 December 2023 ACCOUNTING POLICIES Basls of preparing the flnancial statements The financial slatements of the charitable company, which is a public benefit entkty under FRS 102, have been prepared in accordance with the Charilies SORP (FRS 102) 'Accounting and Reporting by 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 {FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expendrture as soon as there is a legal or constructive obligation committing the charity to that expenditure, it IS Probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basi5 and has been classified under headings that aggregste all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the Ltse of resources. Tangible flxed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. Taxation The charrty is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds Can only be used for particular restricted purposes within the objects of the chsrity. Restridions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing ¢ommltments Assets obtained under hire purchase contracts or finance leases are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the leasè term, whichever is shorter. Page 6 continued...
Dromore Education&Communtt Partnershi Notes to the Financial Statements - continued for the Year Ended 31 December 2023 ACCOUNTING POLICIES - continued Hire purchase and leaslng commitm8nts Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to Ihe charitable company's pension scheme are charged to the Statement of Financial Activities in the period lo which they relate. OTHER TRADING ACTIVITIES 31.12.23 31.12.22 Exceptional items 27,781 27,709 NET INCOMEI(EXPENDITURE) Net incomel(expendilure) is stated after charging/{crediting}'. 31.12.23 31.12.22 Depreciation - assets on hire purchase contracls and finance leases Hire of plant and machinery 30,194 415 30,807 415 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees. expenses There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Total funds INCOME AND ENDOWMENTS FROM Charitable actlvities Charitable activities 72,031 9,132 81,163 Other trading activities Total 27,709 36,841 27,709 108,872 72,031 EXPENDITURE ON Raising funds 3,495 3,495 Page 7 continued...
Dromore Education&Communit Partnershi Notes to the Financial Statements - continued for the Year Ended 31 December 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund Total funds Charitable activities Charitable activities 71,281 71,281 Other Total 846 75,622 39,940 39,940 40,786 115,562 NET INCOMEI{EXPENDITURE) (3,591) (3,099) {6,690) RECONCILIATION OF FUNDS Total funds brought forward 60,259 3,296 63,555 TOTAL FUNDS CARRIED FORWARD 56,668 197 56,865 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Totals COST At 1 January 2023 Additions At 31 December 2023 DEPRECIATION At 1 January 2023 Charge for year At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 1,366,994 87,205 400 87,605 1,454,199 400 1,454,599 1,366,994 406,479 27,340 433,819 73,335 2,854 76,189 479,814 30,194 510,008 933,175 960,515 11,416 13,870 944,591 974,385 Page 8 continued..
Dromore Edu¢ation&Communit Partnershi Notes to the Financial Statements- continued for the Year Ended 31 December 2023 TANGIBLE FIXED ASSETS - continued Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows.. Fixtures and fittings Freehold property Totals DEPRECIATION At 1 January 2023 Charge for year At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 406,479 27,340 433,819 73,335 2,854 76,189 479,814 30,194 510,008 433,819 406,479 76,189 73,335) 510,008) 479,814} DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Trade debtors 9,750 18,750 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Trade creditors Social security and other taxes Accrued expenses 3,541 778 1,560 762 8,317 6,680 Page 9 continued...
Dromore Education&Communrt Partnershi Notes to the Financial Statements - continued for the Year Ended 31 December 2023 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.23 31.12.22 Accruals and deferred income 915,010 952,540 10. MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At1.1.23 Unrestricted funds General fund 56,668 {5,184} 51.484 Restricted funds Restricted fund 197 (2,413) (2,216) TOTAL FUNDS 56,865 7,597) 49,268 Net movement in funds, included in the above are as follows: Incoming resources Resources Movement expended in funds Unrestricted funds General fund 82,615 (87,7991 (5,184) Restricted funds Restricted fund 37,005 (39,418) {2,413} TOTAL FUNDS 119,620 127:,217) 17,597) Comparatives for movement in funds Net movement in funds At 31.12.22 At 1.1.22 Unrestricted funds General fund 60,259 (3,591) 56,668 Restrlcted funds Restricted fund 3.296 {3,099) 197 TOTAL FUNDS 63,555 56,865 Page 10 continued...
Dromore EdLr¢ation&Communit Partnershi Notes to the Financial Statements - continued for the Year Ended 31 December 2023 10. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources Movement expended in funds Unrestricted funds General fund 72,031 (75,622) (3,591} Restricted funds Restricted fund 36,841 (39,940) (3,099) TOTAL FUNDS 108,872 115,562 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.12.23 At 1.1.22 Unrestricted funds General fund 60,259 (8,775) 51,484 Restricted funds Restricted fund 3,296 (5,512) {2,216} TOTAL FUNDS 14,287) 49,268 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follow5.. Incoming resources Resources Movement expended in funds Unrestricted funds General fund 154,646 (163,421) (8,775) Restricted funds Restricted fund 73,846 (79,358) (5,512} TOTAL FUNDS 228,492 (242,779) 14,287) Page11 continued...
Dromore Education&Communit Partnershi Notes to the Financial Statements- continued for the Year Ended 31 December 2023 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2023. Page 12
Oromore Education&Communit Partnershi Detailed Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 31.12.22 INCOME AND ENDOWMENTS Other trading activities Exceptional items 27,781 27,709 Charitable activities Charitable Activities Total incoming resources 91,839 119,620 81,163 108,872 EXPENDITURE Other trading activities Purchases 5.771 3,495 Charitable activities Wages Pensions Hire of plant and machinery Insurance Light and heat Telephone Postage and stationery Advertising Sundries Repairs and renewals Easter Camp Lantern Walk ODC - Good Relations expenses Summer Camp expenses Coaching Patents and licences 38,860 1,092 415 2,774 14,734 469 1,314 252 469 6,282 412 495 150 3,395 4,756 1,348 77,217 34,279 980 415 2,550 14,327 380 907 444 767 5,492 120 615 480 3,741 1,705 663 67,865 Other Cleaning Equipment expensed Staff training & welfare Depreciation of tangible fixed assets 9,225 509 630 30,194 40,558 9,138 841 30,807 40,786 Support costs This page does not form part of the statutory financial statements Page 13
Dromore Education&Communit Partnershi Detailed Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 31.12.22 Support costs Finance Bank charges 1,117 1,030 Governance costs Accountancy fees Total resources expended Net expenditure 2,554 127,217 (7,597) 2,386 115,562 6,690> This pa9e does not fomi part of the statutory financial statements Page 14