REGISTERED COMPANY NUMBER: NI024615 (Northern Ireland) REGISTERED CHARITY NUMBER: 105535
;
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 June 2025
for
Dromore 2000 Limited
Dromore 2000 Limited
Contents of the Financial Statements for the Year Ended 30 June 2025
| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 13 |
| DetailedStatementofFinancialActivities | 14 | to | 15 |
Dromore 2000 Limited
Report of the Trustees for the Year Ended 30 June 2025
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 charity for the year ended 30 June 2025. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims The Company's objects are: i. The relief of financial hardships. To increase employment opportunities in the town of Dromore and its natural hinterland by the active participation of the company in job creation and in stimulation, promotion and creation of a favourable environment for the advancement of education, additional job opportunities and new enterprises in the area.
ii. To promote the benefit of the inhabitants of the area without distinction of sex or of political, religious or other opinions by associating governmental agencies, the local authority, voluntary organisations, trade unions, employers, professions and the inhabitants of the area in a common effort to advance and create and provide facilities for the employment and training of the said inhabitants in the interest of social welfare with the object of improving their conditions of life.
iii. To assist financially or otherwise by means of loans, with or without interest, on such terms as to repayment, security or otherwise as are deemed appropriate or by way of grant, any individual, company, firm, undertaking, partnership or cooperative or other group establishing or seeking to establish a new business or enterprise or to expand an existing business or enterprise within the area which will create employment opportunities.
iv. To organise the availability from supporters of the company of human resources capable of giving expert advice and practical assistance and material resources in the form of buildings, land, waste materials, unutilised research plant or machinery required to enable or assist any such individual, company, firm undertaking, partnership, cooperative or other group to establish a new business or enterprise or to expand an existing business or enterprise within the district and to make such advice or assistance available on a voluntary or financially assisted basis as shall be considered appropriate. v. To promote, encourage, sponsor, organise and assist any individual, company, firm, undertaking, partnership, co-operative or other group to examine the feasibility of or to undertake on an experimental basis any enterprise or project or to undertake the training required to launch any enterprise or project which if successful, seems likely to provide employment opportunities for the inhabitants of the area. vi. The maintenance, improvement or provision of public amenities.
vii. The preservation of buildings or sites of historic or architectural interest. viii. The provision of recreational facilities for the public regardless of their youth, age, infirmity or disablement, financial hardship or other circumstances.
ix. The protection of the environment.
x. The promotion of public childcare and health facilities.
Page 1
Dromore 2000 Limited
Report of the Trustees for the Year Ended 30 June 2025
|
OBJECTIVES AND ACTIVITIES
Significant activities
The charity organised the christmas lighting for the town. Dromore 2000 Ltd rent their building to Western Health & Social Services Trust who run a day centre for individuals with learning disabilities. The organisation provides advice and encourage the regeneration of the local existing businesses in the town. The organisation relieves financial hardships, increases employment opportunities through participation in job creation, stimulation and promotion with new enterprises in the area and promotes the benefit of the inhabitants of the area by creating and providing facilities for their employment and training. The organisation carries out maintenance, improvement or provision of public amenities and will preserve buildings or sites of historic or architectural interest. Dromore 2000 Limited provides recreational facilities for the public regardless of their age, infirmity or disablement, financial hardship or other circumstance and promotes public, childcare, and health facilities. The charity also provides a hotdesk service known as the Village Table offering an office space and/or meeting space for local businesses and other entities which do not otherwise have access to office facilities.
Public benefit
During the year, the charity continued to operate its day centre for local people with learning difficulties, as well as providing key social events for all local people. The christmas lights event brings a huge sense of community to the town as well as being a key social event for elderly or other vulnerable individuals who lack independent transport to Omagh and Enniskillen (the two closest large towns to Dromore). The Village Table service was available for the full year and provided meeting facilities to a wide range of local groups and businesses.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year, the charity held its annual christmas lights event in December, with costs being covered by a contribution from the local council and town trader donations. Whilst this event does not generate a surplus, such events are important in creating and enhancing community spirit. The Village Table had a steady stream of bookings throughout the year generating additional income for the charity.
FINANCIAL REVIEW
Financial position
The trustees consider the financial performance by the charity during the year to have been satisfactory. Overall the charity recorded a loss of £28 (2024 £9,365 surplus). The mains water connection at the Pollinator garden incurred significant costs. The Balance Sheet totals £271,742 (2024: £271,770). Reserves policy At the end of the financial year to 30 June 2025, the reserves held by the charity amounted to £271,742 (2024 £271,770). Dromore 2000 Limited has accumulated a surplus of funds since its inception. These reserves provide some security that the charity will continue to function in the short term if available funding and/or income streams decline in the future. Dromore 2000 Limited has not specifically defined the level of reserves to be held, either as a maximum or minimum but all surplus funds are reinvested back into the charity and are held as described above for future projects and for the future life of the charity.
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.
Page 2
Dromore 2000 Limited
°
Report of the Trustees for the Year Ended 30 June 2025
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number N1I024615 (Northern Ireland)
Registered Charity number 105535
Registered office 32-34 Main Street Dromore Co. Tyrone BT78 3AB
Trustees
M Colton R Goodwin C B Kenwell (resigned 1.12.25) B P Maguire (resigned 1.12.25) M McCoy C McCusker D McGlone (resigned 1.12.25) K McLaughlin D Montague R Turner P Daly (resigned 14.8.24) M McCaffrey (appointed 1.12.25)
Company Secretary D Montague
Approved by order of the board of trustees on At Martel... 292@..... and signed on its behalf by:
D Montague - Trustee’
Page 3
;
.
Independent Examiner's Report to the Trustees of
Dromore 2000 Limited
|
| report on the accounts of the company for the year ended 30 June 2025, which are set out on pages five to thirteen.
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.
Basis of the independent examiner's report
| 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)(b) of the Charities Act. The examination included a review of the accounting 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 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 with those accounting records 3. That the accounts 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 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
| 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, | have found no matters that require drawing to your attention.
Rory P Gormley The Institute of Financial Accountants
Date: AY Mach. 204..
Page 4
Dromore 2000 Limited
Statement of Financial Activities
for the Year Ended 30 June 2025
| 30.6.25 | 30.6.24 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 2,885 | - | 2,885 | 3,284 | |
| Charitable activities | |||||
| Christmas Lights | - | 2,315 | 2,315 | 2,336 | |
| Village Table | 2,880 | - | 2,880 | 4,280 | |
| Pollinator Garden | . | 1,180 | 1,180 | - | |
| Investment income | 2 | 15,112 | - | 15,112 | 17,207 |
| Total | 20,877 | 3,495 | 24,372 | 27,107 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Christmas Lights | 3,940 | 2,315 | 6,255 | 6,005 | |
| Village Table | 552 | - | 552 | - | |
| Pollinator Garden | 6,561 | 1,180 | 7,741 | 3,594 | |
| Other | 9,852 | - | 9,852 | 8,143 | |
| Total | 20,905 | 3,495 | 24,400 | 17,742 | |
| NET INCOME/(EXPENDITURE) | (28) | - | (28) | 9,365 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 222,229 | 49,541 | 271,770 | 262,405 | |
| TOTALFUNDSCARRIEDFORWARD | 222,201 | 49,541 | 271,742 | 271,770 |
The notes form part of these financial statements
Page 5
|
Dromore 2000 Limited
Balance Sheet 30 June 2025
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----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Unrestricted|30.6.25|30.6.24|
|funds|Restricted|Total|Total|
|Notes|fund|funds|funds|
|FIXED ASSETS|£|£|£|£|
|Tangible|assets|6|997|49,541|50,538|51,890|
|Investment|property|7|150,000|-|150,000|150,000|
|150,997|49,541|200,538|201,890|
|CURRENT ASSETS|
|Debtors|8|5,500|-|5,500|5,619|
|Cash at bank and|in hand|70,320|~|70,320|67,433|
|75,820|-|75,820|73,052|
|CREDITORS|
|Amounts|falling due within one year|9|(4,616)|-|(4,616)|(3,172)|
|NET CURRENT ASSETS|71,204|-|71,204|69,880|
|TOTAL ASSETS|LESS CURRENT|
|LIABILITIES|222,201|49,541|271,742|271,770|
|NET ASSETS|222,201|49,541|271,742|271,770|
|FUNDS|10|
|Unrestricted funds|222,201|222,229|
|Restricted|funds|49,541|49,541|
|TOTAL FUNDS|271,742|271,770|
----- End of picture text -----
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 (b) and 387 of the Companies Act 2006 and 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 Sections 394 and 395 and which otherwise comply with 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 financial statements
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continued...
7
Dromore 2000 Limited
Balance Sheet - continued 30 June 2025
These financial statements 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 authorised for issue on .. 24. IMaceha..202........ and were signed on its behalf by:
The notes form part of these financial statements
Page7
Dromore 2000 Limited
Notes to the Financial Statements for the Year Ended 30 June 2025
- ACCOUNTING POLICIES
Basis of preparing the financial 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 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 expenditure 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 basis and has been classified under headings that aggregate 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 use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
,
The charity 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 charity. Restrictions 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.
Page 8
continued...
Dromore 2000 Limited
Notes to the Financial Statements - continued
for the Year Ended 30 June 2025
-
INVESTMENT INCOME
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----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|30.6.25|30.6.24|
|£|£|
|Rents|received|12,922|15,933|
|Deposit|account|interest|2,190|1,274|
|15,112|17,207|
|NET|INCOME/(EXPENDITURE)|
|Net|income/(expenditure)|is|stated|after|charging/(crediting):|
|30.6.25|30.6.24|
|£|£|
|Depreciation|- owned|assets|1,352|1,424|
----- End of picture text -----
- 4, TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
==> picture [446 x 256] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|COMPARATIVES|FOR THE|STATEMENT|OF|FINANCIAL|ACTIVITIES|
|Unrestricted|Restricted|Total|
|funds|fund|funds|
|£|£|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations|and|legacies|3,284|-|3,284|
|Charitable|activities|
|Christmas|Lights|~|-|2,336|2,336|
|Village|Table|4,280|~|4,280|
|Investment|income|17,207|-|17,207|
|Total|24,771|2,336|27,107|
|EXPENDITURE|ON|
|Charitable|activities|
|Christmas|Lights|3,669|2,336|6,005|
|Pollinator|Garden|3,594|-|3,594|
|Other|8,143|-|8,143|
|Total|15,406|2,336|17,742|
----- End of picture text -----
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if
|
Dromore 2000 Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
| 5. | COMPARATIVES FORTHESTATEMENTOF | OF FINANCIALACTIVITIES Unrestricted |
OF FINANCIALACTIVITIES Unrestricted |
-continued Restricted |
Total |
|---|---|---|---|---|---|
| funds | fund | funds | |||
| £ | £ | £ | |||
| NETINCOME | 9,365 | - | 9,365 | ||
| RECONCILIATION OF FUNDS Totalfunds broughtforward |
212,864 | 49,541 | 262,405 | ||
| TOTAL FUNDS CARRIED FORWARD |
222,229 | 49,541 | 271,770 | ||
| 6. | TANGIBLE FIXEDASSETS | Fixtures | |||
| Freehold property £ |
Plant and machinery £ |
and fittings £ |
Totals £ |
||
| COST At 1 July2024 and 30 June2025 |
80,863 | 1,540 | 6,732 | 89,135 | |
| DEPRECIATION At 1 July2024 Charge foryear At30 June2025 |
30,723 1,060 31,783 |
1,472 14 1,486 |
5,050 278 5,328 |
37,245 1,352 38,597 |
|
| NET BOOKVALUE At30June 2025 |
49,080 | 54 | 1,404 | 50,538 | |
| At30June 2024 | 50,140 | 68 | 1,682 | 51,890 | |
| 7. | INVESTMENT PROPERTY | £ | |||
| FAIRVALUE | |||||
| At 1 July 2024 and 30June 2025 |
150,000 | ||||
| NET BOOKVALUE At30 June2025 |
150,000 | ||||
| At30June2024 | 150,000 |
Page 10
continued...
Dromore 2000 Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 30.6.25 | 30.6.24 | |||
| £ | £ | |||
| Trade debtors | 5,500 | 5,619 | ||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.6.25 | 30.6.24 | |||
| £ | £ | |||
| Trade creditors | 19 | 14 | ||
| Sundry creditors | 171 | - | ||
| VAT | 2,526 | 1,598 | ||
| Accrued expenses | 1,900 | 1,560 | ||
| 4,616 | 3,172 | |||
| 10. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.7.24 | in funds | 30.6.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund Revaluation reserve |
56,281 165,948 |
(28) - |
56,253 165,948 |
|
| Restricted funds | 222,229 | (28) | 222,201 | |
| Restricted funds | 49,541 | - | 49,541 | |
| TOTALFUNDS | 271,770 | (28) | 271,742 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 20,877 | (20,905) | (28) | |
| Restricted funds | ||||
| Restricted funds | 3,495 | (3,495) | - | |
| TOTALFUNDS | 24,372 | (24,400) | (28) |
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continued...
i”
Dromore 2000 Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
- MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.7.23|in|funds|30.6.24|
|£|£|£|
|Unrestricted|funds|
|General|fund|46,916|9,365|56,281|
|Revaluation|reserve|165,948|-|165,948|
|212,864|9,365|222,229|
|Restricted|funds|
|Restricted funds|49,541|-|49,541|
|TOTAL FUNDS|262,405|9,365|271,770|
|Comparative|net movement|in|funds,|included|in|the above|are|as follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General fund|24,771|(15,406)|9,365|
|Restricted|funds|
|Restricted|funds|2,336|(2,336)|-|
|TOTAL FUNDS|27,107|(17,742)|9,365|
|A current year|12|months and|prior year|12|months|combined|position|is as follows:|
|Net|
|movement|At|
|At|1.7.23|in|funds|30.6.25|
|£|£|£|
|Unrestricted|funds|
|General fund|46,916|9,337|56,253|
|Revaluation|reserve|165,948|-|165,948|
|212,864|9,337|222,201|
|Restricted|funds|
|Restricted|funds|49|541|-|49|541|
|TOTAL FUNDS|262,405|9,337|271,742|
----- End of picture text -----
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Dromore 2000 Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
||
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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----- Start of picture text -----
||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|45,648|(36,311)|9,337|
|Restricted|funds|
|Restricted|funds|5,831|(5,831)|-|
|TOTAL FUNDS|51,479|(42,142)|9,337|
----- End of picture text -----
- RELATED PARTY DISCLOSURES
During the year, the charity engaged the services and made a payment to a trustee under written agreement duly approved by the charity. Details of the payment are outlined below.
Kathleen McLaughlin - Trustee - payment for insurance services 2025: £3,560 (2024: £2,944)
Page 13
: a
~~
Dromore 2000 Limited
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 30 June 2025 | ||
| 30.6.25 | 30.6.24 | |
| £ | £ | |
| INCOMEAND ENDOWMENTS | ||
| Donations and legacies Donations |
2,885 | 3,284 |
| Investment income | ||
| Rents received | 12,922 | 15,933 |
| Depositaccount interest | 2,190 15,112 |
1,274 17,207 |
| Charitable activities | ||
| Charitable Activities | 6,375 | 6,616 |
| Total incoming resources | 24,372 | 27,107 |
| EXPENDITURE | ||
| Charitable activities | ||
| Christmas lights Pollinator garden |
6,255 7,541 13,796 |
5,930 3,594 9,524 |
| Other | ||
| Donations | - | 200 |
| Supportcosts | ||
| Management Insurance |
2,858 | 2,277 |
| Lightand heat Telephone Postage and stationery Advertising |
687 552 117 50 |
764 437 - - |
| Depreciation oftangible and heritage assets |
1,351 | 1,424 |
| 5,615 | 4,902 | |
| Finance | ||
| Legal and professional fees | - | 306 |
| Other | ||
| Rates and water | 200 | 184 |
| Carriedforward | 200 | 184 |
This page does not form part of the statutory financial statements
Page 14
Dromore 2000 Limited
Detailed Statement of Financial Activities for the Year Ended 30 June 2025
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----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|30.6.25|30.6.24|
|£|£|
|Other|
|Brought|forward|200|184|
|Sundries|245|-|
|Website|costs|399|154|
|Repairs|and|maintenance|1,238|637|
|Cleaning|470|75|
|2,552|1,050|
|Governance|costs|
|Accountancy|and|legal|fees|2,187|1,560|
|Independent|examiner's|fees|250|200|
|2,437|1,760|
|Total|resources|expended|24,400|17,742|
|Net (expenditure)/income|(28)|9,365|
----- End of picture text -----
This page does not form part of the statutory financial statements
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