2025-03-31-accounts

The Drummond Centre Project Limited

Company Limited by Guarantee

Unaudited Financial Statements

For the year ended 31 March 2025

Charity Registration Number: XR75452 Company Registration Number: NI050397

The Drummond Centre Project Limited

Company Limited by Guarantee

CONTENTS

	Page
Director's report	1
Independent examiner's report to the trustees	2
Statement of financial activities (including income and	3
expenditure account)
Statement of financial position	4
Notes to the Financial Statements	5 - 9
Income and expenditure account	10

1

The Drummond Centre Project Limited

Company Limited by Guarantee

Report of the Directors

For the year ended 31 March 2025

The directors present their report and accounts of the company for the year ended 31 March 2025.

Principal Activity

The principal activity of the company is the development of community projects in Donemana. Results for the year ended 31st March 2025 showed a deficit of £146.

The directors consider the financial position of the company to be satisfactory.

Directors

The directors who held office during the year were as follows:-

Pearl Smyth David Buchanan Margaret McLaughlin Amelia Rankin-Glenn

Share Capital

The company does not have a share capital but is limited by guarantee.

By order of the board

Pearl Smyth Secretary.

23 December 2025

2

The Drummond Centre Project Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of The Drummond Centre Project Limited

For the year ended 31 March 2025

I report to the trustees on my examination of the financial statements of The Drummond Centre Project Limited (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the "2008 Act") and the Companies Act 2006 (the "2006 Act"). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

the financial statements do not accord with those records; or

the financial statements do no comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination; or

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)

I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.

A. J. McFarland FCCA CTA W. S. STERRITT & CO. Chartered Certified Accountants

Carton House 15 Ebrington Terrace Londonderry BT47 6JS

23 December 2025

3

The Drummond Centre Project Limited

Company Limited by Guarantee Statement of Financial Activities

(Including income and expenditure account)

For the year ended 31 March 2025

Unrestricted Funds Note £ Income and endowments Charitable activities 4 1,683 Other income 0 Total income 1,683 Expenditure Expenditure on charitable activities 5 2,410 Other expenditure 6 123 Total expenditure 2,533 Transfers between funds (290) Net (deficit)/income and net movements in funds (1,140) Reconciliation of funds Total funds brought forward 26,894 Total funds carried forward 25,754	Restricted Total Funds Funds £ £ 16,751 18,434 0 0 16,751 18,434 15,627 18,037 420 543 16,047 18,580 290 0 994 (146) 16,977 43,871 17,971 43,725 2025	2024 Total Funds £ 20,000 0
		20,000
		22,667 483
		23,150
		0
		(3,150)
		47,021
		43,871

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

4

The Drummond Centre Project Limited

Company Limited by Guarantee Statement of Financial Position

As at 31 March 2025

Note Fixed assets Tangible fixed assets 8 Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year 9 Net Current assets Total assets less current liabilities Net assets Funds of the charity Restricted funds Unrestricted funds Total charity funds 10	£ £ £ £ 12,246 16,696 350 350 31,564 27,541 31,914 27,891 435 716 31,479 27,175 43,725 43,871 43,725 43,871 17,971 16,977 25,754 26,894 43,725 43,871 2025 2024	£ £ £ £ 12,246 16,696 350 350 31,564 27,541 31,914 27,891 435 716 31,479 27,175 43,725 43,871 43,725 43,871 17,971 16,977 25,754 26,894 43,725 43,871 2025 2024
		43,871
		43,871
		16,977 26,894
		43,871

The directors are satisfied that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit under section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of trustees and authorised for issue on 30 December 2024, and are signed on behalf of the board by:

......................…………………… ......................……………………

Pearl Smyth, Director

Amelia Rankin-Glenn

Company Registration Number: NI050397

The company is a private limited company limited by guarantee, registered in Northern Ireland

The notes on pages 5 to 9 form part of these financial statements

5

The Drummond Centre Project Limited

Company Limited by Guarantee Notes to the Financial Statements

For the year ended 31 March 2025

1 General information

The charity is a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 16 Lisnaragh Road, Dunamanagh, Strabane, BT82 0QL.

2 Statement of compliance

These financial statements have been prepared in compliance with FRS102, "The Financial Reporting Standard applicable in the UK and the Republic of Ireland", the 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 (FRS102) (Charities SORP (FRS102) and the Charities Act (Northern Ireland) 2008.

3 Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key resources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for a particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowments.

Tangible Fixed Assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Equipment

5 Years

6

The Drummond Centre Project Limited Company Limited by Guarantee Notes to the Financial Statements ( continued ) For the year ended 31 March 2025

3 Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.

Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.

Legacy income is recognised when receipt is probable and entitlement is established.

Income from donated goods is measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure is classified under headings of the statement of financial activities to which it relates:

Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

Expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those that support costs and costs relating to the governance of the charity apportioned to charitable activities.

Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between activities they contribute to on a reasonable, justifiable and consistent basis.

7

The Drummond Centre Project Limited

Company Limited by Guarantee Notes to the Financial Statements ( continued )

For the year ended 31 March 2025

4 Income from charitable activities

Unrestricted Funds Funding and charitable funds:- Derry and Strabane District Council 0 Groundwork Northern ESB 0 Owenreagh Power 0 SSE Airtricity 0 DAERA 0 Halifax Foundation NI 0 Wind Farm Community Fund 0 Donemana & District Community Association 0 NI Policing Board (Restricted) 0 Generated funds:- Entrance fees 0 Registration fees 1,503 Fundraising, Donations 0 Room Hire 130 Sundry income 50 1,683

Restricted Total Funds Total Funds Funds 2025 2024 0 413 0 5,500 1,800 1,800 5,000 0 1,000 1,248 1,248 0 4,275 4,275 3,260 1,188 1,188 0 0 1,000 7,080 7,080 0 0 260 1,503 1,469 1,160 1,160 1,290 130 797 50 11 16,751 18,434 20,000

5 Expenditure on charitable activities

Unrestricted Funds Programme outlays 1,158 Training expenses 0 Repairs & renewals 120 Rent & rates 0 Insurance 0 Printing & stationery 32 Donations 0 Clothing 0 Leasing payments 204 Telephone 536 Sundry expenses 197 Depreciation 163 2,410	Restricted Total Funds Total Funds Funds 2025 2024 2,577 3,735 11,961 0 0 70 3,000 3,120 116 700 700 640 1,477 1,477 1,422 550 582 10 1,200 1,200 900 350 350 877 0 204 119 0 536 662 0 197 810 5,773 5,936 5,080 15,627 18,037 22,667

8

The Drummond Centre Project Limited Company Limited by Guarantee Notes to the Financial Statements ( continued )

For the year ended 31 March 2025

6 Other expenses

Unrestricted Funds Accountancy 15 Bank charges 74 DETI 34 123	Restricted Total Funds Total Funds Funds 2025 2024 420 435 400 0 74 70 0 34 13 420 543 483

7 Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

8 Fixed Assets

Cost Balance at 31st March 2024 Additions Disposals Balance at 31st March 2025 Depreciation Balance at 31st March 2024 Disposals Charge for year Balance at 31st March 2025 Net Book Value at 31 March 2025 Net Book Value at 31 March 2024	Building 0 0 0	31,202 1,486 (35) 32,653 14,506 (35) 5,936 20,407 12,246 16,696 Equipment	Total 31,202 1,486 (35)
	0		32,653
	0 0 0		14,506 (35) 5,936
	0		20,407
	0		12,246
	0		16,696

9

The Drummond Centre Project Limited Company Limited by Guarantee Notes to the Financial Statements ( continued )

For the year ended 31 March 2025

9 Creditors : Amounts falling due within 1 year Accruals 10 Analysis of charitable funds As at 01/04/24 Unrestricted Funds 26,894 Restricted Funds: Groundwork Northern ESB 6,566 SSE Airtricity 3,579 Owenreagh Power 4,000 DAERA 1,062 N.I. Policing Board 0 Wind Farm Community Fund 0 Rapid 200 Halifax Foundation NI 672 Donations 898 43,871 11 Analysis of net assets by fund Unrestricted Funds Tangible fixed assets 454 Net Current assets 25,300 25,754	Income 1,683 1,800 1,248 7,080 1,188 4,275 1,160 18,434 Restricted Funds 11,792 6,179 17,971

12 Company limited by guarantee

The Drummond Centre Project Limited is a company limited by guarantee and accordingly does not have a share capital.

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

10

The Drummond Centre Project Limited Income and Expenditure Account

For the year ended 31 March 2025

Income from charitable activities Funding and charitable funds:- Derry and Strabane District Council Groundwork Northern ESB SSE Airtricity DAERA Halifax Foundation National Lottery Community Fund Donemana & District Community Association NI Policing Board Wind Farm Community Fund Owenreagh Power Generated funds:- Entrance fees Registration fees Fundraising Room Hire Sundry income Total income Less expenditure Expenditure on charitable activities:- Programme outlays Training expenses Repairs & renewals Rent & ground rent Insurance Printing & stationery Donations Uniforms Leasing Telephone Sundry expenses Depreciation Other expenditure:- Accountancy Bank charges DETI (Deficit)/Surplus on ordinary activities	£ £ £ £ 0 413 0 5,500 0 1,000 1,248 0 4,275 3,260 0 0 0 1,000 7,080 0 1,188 0 1,800 5,000 15,591 16,173 0 260 1,503 1,469 1,160 1,290 130 797 50 11 2,843 3,827 18,434 20,000 3,735 11,961 0 70 3,120 116 700 640 1,477 1,422 582 10 1,200 900 350 877 204 119 536 662 198 810 5,936 5,080 18,038 22,667 435 400 74 70 34 13 543 483 18,581 23,150 (147) (3,150) 2025 2024	£ £ £ £ 0 413 0 5,500 0 1,000 1,248 0 4,275 3,260 0 0 0 1,000 7,080 0 1,188 0 1,800 5,000 15,591 16,173 0 260 1,503 1,469 1,160 1,290 130 797 50 11 2,843 3,827 18,434 20,000 3,735 11,961 0 70 3,120 116 700 640 1,477 1,422 582 10 1,200 900 350 877 204 119 536 662 198 810 5,936 5,080 18,038 22,667 435 400 74 70 34 13 543 483 18,581 23,150 (147) (3,150) 2025 2024
		16,173 260 1,469 1,290 797 11
		3,827
		20,000
		23,150
		(3,150)