REGISTERED COMPANY NUMBER: N1067452 {Northern Ireland) REGISTERED CHARITY NUMBER: 103190 ort of the Trustees and Unaudited Financia ststements for the Year Ended 31 December 2024 Dromore Ed on&Communi Partnershi
Dromore Educat"on&Commun Partnershi ontents of the Financial Statements for the Year Ended 31 December 2024 Page Report of the Trustees Independent Examinevs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6 to 12 Detailed Ststement of Financial Activities 13 to 14
Dromo Educati n&Gommun Partne Re ort of the Trustees for the Y ar End 31 December 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the Gharty ft)r the year ended 31 December 2024. 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 chanty is controlled by its goveming document, a deed of trust, and constJtute5 a limjted company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1067452 (Northern Ireland) Register•d Charity number 103190 Roglstered offic• 37 Omagh Road Dromore Omagh Co. Tyrone BT78 3AL Trustee5 C Dohety D Hardy B Mccarron D Montague Company Secretary B Mccarron Approved by order of the board of trustees on 25 July 2025 and signed on ts behalf by.. B Mccarron - Trustee Page 1
Ind endent Examinels Re ort to the Trustees of Dromore Education&Communit Partnershi report on the accounts of the company for the year ended 31 December 2024, which are set out on pages three to hvelve. Respective responslbllitles of charlty trustees and examiner As the charty'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 chartty is not subject to audit under company law and is eligible for independent examinakn'on, it is my responsibilty to.. examine the account5 under Section 65 of the Charities Act follow the procedure5 laid down in the general Directions given by the Charity Commission for Northem Ireland under Section 65{9)(b) of the Charities Act slate whether particular matters have come to my attention. Basls of the Independent examinerfs 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 Charty Commission for Northern Ireland under Section 65{9}Ib) of the Charities Act. The examination included a review of the accounting records kept by the charty 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 Iruste8s concerning any such matters. My role is to state 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 wÉth those accounting records That the accounls do not comply 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 chariti85 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is further infonnation needed for a proper understanding of the accounts to b8 reached. Independent examlner's Statement I have completed my examination and have no concerns in respect of the matters (1) to {4) listed above and, in connection wilh following the Directions of the Charty Commission for Northern Ireland, I have found no matters that raquiro drawin9 to your attention. Rory P Gormley The Inst5tute of Financial Accountants Page 2
Dro ore Education&Commun' Partnershi Statement of Financial Activrties for the Ye r Ended 310ecember 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted Restricted nd fvnd Notes INCOME AND ENDOWMENTS FROM Charitable activlties Charitsble activities 83.726 9,316 93.042 91,839 other trading activities Total 27,292 36,608 27,292 120,334 27.781 119,820 83,726 EXPENDITURE ON Raising funds 2.636 2,636 5,771 Charitable activitles Charitable aclivities 83.539 83,539 80,888 Other Total 2,784 88,959 36.997 36,997 39.781 125,956 127,217 NET INCOMEI(EXPENDITURE) (5,233) {389) (5.622) (7,597) RECONCILIATION OF FUNDS Total funds brought forward 51.484 {2,216) 49.268 56,865 TOTAL FUNDS CARRIED FORWARD 46.251 2,605 49,268 The notes forni part of these financial statements Page 3
more Edu tion&Commun Partnershi Balance Sheet 31 Decemb r 2 24 31.12,24 Total funds 31.12.23 Total funds Unrestricted Restricted fund fund Notes FIXED ASSETS Tangible assets 32,535 883.534 916,069 944.593 CURRENT ASSETS Debtors Cash at bank and in hand 10,708 10.848 21,5 10,708 10,848 21.556 9,750 18,254 28,004 CREDITORS Amounts falling due within one year (6.261) {6.261} {8,319) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 47,830 883.534 931,384 964,278 CREDITORS Amounts falling due after more than one year (1,579) {886.139) {887,718) (915,010) 46,251 2.605 43,646 49,268 NET ASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS The chairtable company is entitled to exemption from audit under Section 477 of the Companies Act 2008 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. 10 46,251 2,605 43.646 51,484 49,268 The trustees acknowledge their responsibilities for {a) ensuring that the charitable company keeps accounting records that comply wtih Sections 386 and 387 ofth8 Companies Act 2006 8nd (b) preparing financial statements which give a true and fair vW of the stste of affairs of the charitable company as at the end of each financial year and of its surplus or deficil for each financial year in accordance with the requirements of Sedions 394 and 395 and which othewise comply wth the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable company. The notes form part of these financol statements Page 4 continued...
Dromore Education&Commun Partnershi Balance Sheet- continued 31 December 2024 These financial ststements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorrsed for issue on 25 July 2025 and were signed on its behalf by.. BM ron - Trustee The notes form part of these financial statements Page 5
Dromore Education&Commun Partnershi Notes to the Financial Statements f r the Year Ended 31 December 2024 ACCOUNTING POUCIES Basis of preparing the financlal statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities 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 th8 UK and Republic of Ireland (FRS 102) (effective 1 January 2019), Financial Reporting Standard 102 'The Fin£ncial Reporting Stsndard 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 charty has entitlement to the funds, it is probable that the income viill be received and the amount can be measured reliably. Expendlture Liabilities are recognis8d as expenditure as soon as there a legal or constructrve 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 reliabty. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all C05t related to the category. 14Vher8 Costs cannot be diredly attributed to particular headings th8y have been allocated to activiiies on a basis consistent with the use of resourc8S. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful lrfe or, if held under a finanGe lease, over the lease term, whichever is the shorter. Taxation The charty is exempt from corporation tax on its charstable 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 pariicular restricted purposes within the objects of the charity. Restrictions arise wh8n 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 18asing commitments 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 lease term, whichever is shorter. Page 6 continued...
Dromore Educatian&Commun Pattnershi Notes to the Financial Statements - continued ear nded 31 Dember 2024 ACCOUNTING POLICIES - continued Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activrties on a straight line basis over the period of the lease. Penslon costs and other post•retirement b8nefrts The charitable company operales a defined ¢ontribLrtion pension scheme. Contributions payable to th@ charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. OTHER TRADING ACTIVITIES 31.12.24 31.12.23 Exceptional it8ms 27,292 27,781 NET INCOMEI{EXPENDITURE) Net incomel{expenditure) is stated after chargingl(crediting): 31.12.24 31.12.23 Depreciation - assets on hire purchase contracts and finance leases Hire of plant and machinery 29,899 180 3D,194 415 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Truste. expenses There were no trustee5' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fijnd fund Total funds INCOME AND ENDOWMENTS FROM Charltaple activlties Charitable activitie5 82,615 9.224 91.839 Other trading activities Total 27,781 37,005 27,781 119,620 82.615 EXPENDITURE ON Raising funds 5,771 5,771 Page 7 continued...
Dromorè Ed cation&Coffmuni Partnershi Noles to the Financial Statements - continued for the Year Ended 31 December 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES - contlnued Unrestricted Restricted fund fund Total funds Charftable activities Charitable activities 80.888 80,888 other Total 1.140 87,799 39,418 39,418 40,558 127,217 NET INCOMEI(EXPENDITURE) (5,184) {2,413) (7,597) RECONCILIATION OF FUNDS Total funds brought fopNard 56.668 197 56,865 TOTAL FUNDS CARRIED FORWARD 51,484 {2,216) 49,268 TANGIBLE FIXED ASSETS Fixtur8S and fittings Freehold properly Totals COST At 1 January 2024 Additions At 31 Decemb8r 2024 DEPRECIATION At 1 January 2024 Charge for year At 31 December 2024 NET BOOKVALUE At 31 December 2024 At 31 December 2023 1,366.994 87,607 1.454,601 1375 1,455,976 1.366,994 88,982 433,819 27,340 461,159 76,189 2,559 78.748 510.008 29,899 539,907 905,835 933,175 10,234 11,418 916.069 944,593 Page 8 continued...
Dromore Educa ion&Commun Partner3hi Notes to the Financial Stslements - continued for the Year Ended 31 December 2024 TANGIBLE FIXED ASSETS - continued Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows= Fixtur8S and fittings Freehold propety Totals DEPRECIATION Al 1 January 2024 Charge for year At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 310ecember2023 433.819 27,340 461,159 76,189 2,559 78.748 510,008 29,899 539,907 539,907> 510,008 433,819 DEBTORS. AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade dEbtors 10.708 9,750 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade creditors Social securty and other taxes Accrued expenses 782 690 4.789 8,261 3,541 778 8,319 Page 9 continued...
Dromore Education&Commun P8rtnershi Notes to the Financial State nt5 - continued for the Year Ende 31 December 2024 CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 31.12.24 31.12.23 Accruals and deferred income 887,718 915,010 10. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted fund5 General fund 51.484 (5.233) 46,251 Restri¢tsd funds Restricted fund (2.216) (389) (2.605) TOTAL FUNDS 49,268 43,646 Net movement in funds, induded in the above ar8 as follows: Incoming resources Resources Movement expended in funds Unr8Stricted funds General fund 83,726 {88.959) (5,233) Restricted funds Restricted fund 36,608 (36,997) 1389) TOTAL FUNDS 120.334 (125,958) (5,622) Comparatlves for movement In funds Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 56.668 (5,184} 51,484 Restrfcted funds Restricted fund 197 (2,413) (2,216) TOTAL FUNDS 56,885 7,597) 49,268 Page 10 continued...
Dromore Education&Commun Partnershi Notes to the Financial Statements - continued or the ear Ended 31 December 2024 10. MOVEMENT IN FUNDS- contlnued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 82.615 (87,799) (5,184) Restrrcted funds Restricted fund 37,005 {39,418) (2,413) TOTAL FUNDS 119,620 127,217} 7,5971 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.12.24 At 1.1.23 Unrestricted funds General fund (10,417} 46,251 Restrlcted funds Restricted fLJnd 197 (2,802> (2,605) TOTAL FUNDS 56.865 13,219) 43,646 A currerqt year 12 months and prior year 12 rnonths comkn'ned net movement in funds, included in the above are as follows: Incoming resources Resources Movement expended in funds Unrestricted funds General fund 166,341 {176,758) {10,417) Restricted funds Restricted fund 73.613 (76,415) (2,802) TOTAL FUNDS 239.954 253,173) 13.219) Page11 continued...
Dromore Education&Commun Partnershi otes to the Financial Statements - continued for the Year Ended 31 Dernber 2024 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024. Page 12
Dromore Education&Commun Partnershi Detailed Statement f Financial Activrties for the Year Ended 31 December 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Othor tradlng aetlvltles Exceptional items 27,292 27,781 Chantsble activities Charitable Activities Total incoming resources 93.042 120,334 91,839 119,620 EXPENDITURE Other trading activities Purchases 2.636 5,771 Charitable actlvities Wages Pensions Hire of plant and machinery Insurance Light and heat Telephone Postage and stationery Advertising Sundries Repairs and renewals Easter Camp Lantem Walk ODC - Good Relations expenses Summer Camp expens8S Coaching Patents and licenc8S 38,862 790 180 2,837 10,608 85 1.241 684 871 12.733 355 330 125 3,441 4,087 1,760 79,589 38,860 1,092 415 2,774 14.734 469 1,314 252 469 6,282 412 495 15D 3,395 4,756 1.348 77,217 Other Cleaning Equipment expensed Stsff training & welfare Depreciation of tangible fixed assets 9.318 566 9,225 509 630 30,194 40,558 29,897 39,781 Support costs This page does not forrn part of Ihe statutory financial statements Page 13
Dromore Education&Communit Partnershi Detailed Ststement of Financial Activities e Year Ended 31 December 2 24 31.12.24 31.12.23 Support costs Finance Bank charges 1,122 1,117 Governance costs Accountancy fees Total resources expended Net expenditure 2,828 125 956 (5,622) 2,554 127,217 7,597) This page does not fom part of the statutory financial statement5 Page 14