Dungannon Enterprise Centre Report and financial statements for the year ended 31 March 2025
Page 11
Statement of financial activities
| Notes | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| Income from: | |||
| Charitable activities | 4 | 609,121 | 649,531 |
| Sale of internally generated goodwill | 4,167 | - | |
| Total incoming resources | 613,288 | 649,531 | |
| Expenditure on: | |||
| Charitable activities | 5 | 633,099 | 675,425 |
| Total expenditure | 633,099 | 675,425 | |
| Taxation | 8 | - | - |
| Surplus/(deficit) of income after expenditure | (19,811) | (25,894) | |
| Transfers between funds | - | - | |
| Net movement in funds | (19,811) | (25,894) | |
| Reconciliation of funds: | |||
| Total funds brought forward at 1 April | 891,236 | 917,130 | |
| Total funds carried forward at 31 March | 871,425 | 891,236 |
All amounts above relate to continuing operations of the charity.
The statement of financial activities was approved by the Trustees on 3 September 2025.
Signature:_____ Trustee - David Campbell
The notes on pages 14 to 22 form part of these financial statements.
Dungannon Enterprise Centre Report and financial statements for the year ended 31 March 2025
Page 12
Balance sheet
| Notes | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 9 | 2,715,881 | 1,962,547 |
| Current assets | |||
| Debtors | 10 | 123,340 | 76,246 |
| Cash at bank and in hand | 12,858 | 320,944 | |
| 136,198 | 397,190 | ||
| Creditors:amounts falling due within one year | 11 | (209,609) | (155,964) |
| Net current assets | (73,411) | 241,226 | |
| Total assets less current liabilities | 2,642,470 | 2,203,773 | |
| Creditors:amounts falling due after more than one year | 12 | (767,001) | (277,117) |
| Provisions for liabilities | |||
| Accruals and deferred income | 13 | (1,004,044) | (1,035,420) |
| Net assets | 871,425 | 891,236 | |
| The funds of the charity | |||
| Total unrestricted funds | 871,425 | 891,236 | |
| Total restricted funds | - | - | |
| Total charity funds | 871,425 | 891,236 |
These financial statements have been prepared in accordance with the provisions of the small companies regime within Part 15 of the Companies Act 2006.
These financial statements for Dungannon Enterprise Centre (NI018557) were approved by the board of directors and authorised for issue on 3 September 2025 and signed on its behalf by:
____ ____ Walter Cuddy David Campbell Director and Trustee Director and Trustee
The notes on pages 14 to 22 form part of these financial statements.