COMPANY REGISTRATION NUMBER: N1042973 CHARITY REGISTRATION NUMBER: 100098 Omagh Forum for Rural Associations Company Limited by Guarantee Financial Statements 31 March 2024
Omagh Forum for Rural Associations Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account} Statement of financial position 11 12 Notes to the financial statements 14
Omagh Forum for Rural Associations Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and adm inistrative details Registered charity name Omagh Forum for Rural Associations Charity registration number 100098 Company registration number N1042973 Principal office and registered Omagh Community House office 2 Drumragh Avenue Omagh BT78 1 DP Tyrone The trustees Ann Doherty Dyrnpna Mccann George Kerr Monica Coyle Briege Kelly Cathal McEnhill Gerry Mccaffrey Conor Keys Audrey Adams Ann MGSorley Louise Leonard Kenny Fisher Company secretary Ann Doherty Independent examiner Rachel Donnell Unil B15 Omagh Enterprise Centre Great Northern Road OMAGH Co Tyrone BT78 SLU
Omagh Forum for Rural Associations Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Structure, governan¢e and management i) Governing document Omagh Forum for Rural Associations is a Company Limited by guarantee, incorporated on 16th April 2002, and registered as a charity with the Charity Commission for Northern Ireland on 30th May 2014. The governing document of the charity is a Memorandum & Articles of Association which sets out the objects and powers of the charitable company. ii) Recruitment and appointment of managemenl committee The directors of the company are also trustees for the purposes of charity law. Vnder the requirements of the Memorandum and Articles of Association the management committee is elected for a year and must have beeen five and fifteen directors. We seek to have geographical representation across the rural Omagh district. iiil Trustees induction and training An induction pack is available for new directors who are taken Ihrough the induction pack prior to himlher joining the management comrnittee. Many new directors will already be aware of the work of the organisation through the regular mail outs to member groups, and one to one support to groups. iv) Risk management The management committee tske risk management seriously and have in place a series of policies and procedures about how the organisation should be managed. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers and visitor5. v) Organisational structure Omagh Forum has a management committee of twelve trusteeg, eleven of whom are directors of the company and orse is an advisor with no voting rights. The committee meet monthly with the exception of August and are responsible for the strategic direction and policy of the charity. Day to day responsibility for the provision of services rests with the NeOrk Managers who operate on a job share basis to fill the one role, with a Rural Development Officer and an administrator supporting Ihis work. The Neork Managers have responsibility for ensuring that the charity delivers the services specified and that key targets are met particularly in relation to the operational plan for services being delivered for the main funder, the Department ofAgriculture, Environment and Rural Affairs IDAERAI.
Ornagh Forum for Rural Associations Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continue¢¥ Year ended 31 March 2024 Objectives and actlvltles The company's objective and principal activity is to provide development support to rural community groups in the Fermanagh and Omagh district. They do this by.. a) improving the efficiency of the administration of charities in rural Omagh and Femianagh in direct pursuance of their objects. in particular by the provision of advice, management and technical support, Iraining facilities and services to charitsble organisations within rural Omagh and Fermanagh.. b) promoting the benefit of people living in socially and economically disadvantaged areas of rural Omagh and Fermanagh by developing their capacity and skills in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society,. and c) advance any other exclusively charitable purpose as the trustees may decide in accordance with the law of charity in Northern Ireland. We have referred to the guidance contained in the Charity Commission's general guidance on publi benefit when reviewing our aims and objectives and in planning our future artivities.
Omagh Forum for Rural Associations Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {¢ontinued) Year ended 31 March 2024 Achievements and performance This report covers the year 1 st April 2023 until the 31 st March 2024. For the first part of the financial year Omagh Forum continued to deliver the South West Rural Communily Development Service, working with groups across the Fermanagh and Omagh Council area. Mid-year we tendered for a new contract with Fermanagh Rural Community Network which began on 1st November 2023 with Omagh Forum as the lead partner. This is the core work of Omagh Forum, funded by DAERA- the Department of Agriculture, Environment and Rural Affairs, through the TRPSI Programme (Tackling Rural Povety and Isolation}. We still deliver MMC, Marginalised Minority Communities in Rural Border Areas but we had no Rural Micro Capital Grants Programme this year. Having this core work enables us to deliver other smaller scales programmes such as Hunters Hill and Slieve Divena Wind Farm Community Benefit Funds and lo develop new initiatives. which we did this year with Omagh Healthy Living NeOrk, and work on new initiatives such as the WRAP Programme. Rural Community Development Service The new DAERA tender was published on 17th August 2023 and officers and staff from Omagh Forum met with Fermanagh Rural Community NeOrk to discuss submitting a joint bid for the area which we subsequently did on 201h September. The new contract began on 1st November and Omagh Forum will work primarily, though not exclusively, with Omagh groups and FRCN with Fermanagh groups. Omagh Forum staff continue to help groups with various oapacity building needs under the themes of Community Planning.. Isolated Rural People., Sustainability for Rural Villages and MMC Marginalised Minority Communities in Rural Border Areas. This takes the form mainly of one-to-one meetings with groups in their prernises or our office in Omagh. We also talk by phone or over zoom. The most common supports are" Governance issues such as the role of officers on a committee,. changes to governing documents-, changes to organisational structure such as changing from an Unincorporated Association to a Co Ltd by Guarantee., SUGcession planning for Officers. Funding over the year we provided six fvnding ebulletins packed with information on grants and other useful support., we can't complete an application form for a group, but we have helped many to talk through an application,. identify a funder and review applications. Information provision we issue ebulletins approximalely once a fortnight to almost 1 ,200 recipients who are group members or organisalions working in the Gommunity and voluntary sector. We also regularly post on social rnedia. Poverty - this year we saw the challenge5 groups faced with cost-of-living increases and reductions in fvnding meaning groups had to dip into reserves and some even decided to wind up their organisations. FODC Community Plan We encourage groups to link into the Fermanagh and Omagh Community Plan and staff are represented on the Fermanagh and Omagh CVS Forum. Group activity - We help groups consider how they might diversify their activities and meet the needs of the community they serve.
Omagh Forum for Rural Associations Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Omagh Forum staff and Directors met the new Director of Rural Affairs, Teresa O'Neill, trom DAERA in the Lough Neagh Discovery Centre on 27th June 2023 with the other Rural Support NeOrkS and DAERA staff. Teresa was new to the work of the Rural Support NeorkS IRSN'S) and to community development and was impressed with what we do. representative from Seskinore Rural Community Group came along to speak about the work of their group and how Omagh Forum helped them. Rural Micro Capital Grants Programme There was no programme this financial year however staff were working on claims from the 2022 programme into June 2023. There was a total of 181 completed projects to the value of £314,434 and there were 34,503 totsl project beneficiaries. MMC, Marginalised Minority Communities in Rural Border Areas Tiernach organised a visit for members ofthe MMC Community on 18th November 2023. Kirlish Ulster Scots travelled to Ihe Battle of the Boyne sites and interpretative centre. John Hall, Tievemore LOL, led the tour and gave a very interesting insight into the history of the battle, its impact on Ireland at the time and the setting up of the interpretative centre. The 25 attendees found it most informative with this being the first time the majority had been to the Boyne. Several young people took part, and they found it most interesting. Thanks to Tom Buchannan MLA for his help in organising. This visit was ftjnded by the Department of Foreign affairs (DfA}. Hunters Hill and Slieve Divena Wind Farn) Community Benefit Funds We have been operating these two funds for many years now and they provide great financial support to the groups in the catchment area. We bring together a panel, including external representation, to assess the applications. Slieve Divena opened for applications on 27th March 2023 and closed on 17 April 2023 with many applications. The applioations were assessed on 25th April 2023 with 15 successful groups and an allocation of £15,104. Claims were to be submitted by 30th November 2023. Hunters Hill opened on 1st June 2023 and closed on 23rd June 2023. The Fund was way over subscribed with 23 applications looking £68,022. After the panel assessment Ihere were 14 successful groups to a value of £23,915. Claims were to be submitted by 31 st January 2024. Omagh Healthy Living Network Omagh Healthy Living Network was formally launched on 17th May 2023 and was a great celebration ofthe efforts that went into its development. The funding of £499,595 from the National Lottery Community Fund is for the delivery of a range of health promotion programmes across the rural and urban areas of Omagh as well as the roll out of Social Prescribing. Three new jobs were created this year, and the following took up appointment in September 2023.. Tiernach Mahon as Co-ordinator-, Kerrie Grugan as Social Prescriber and Alaine Ward as Monitoring and Finance Officer. Omagh Heallhy Living have had a very productive and successful first year. During the year 37 people availed our social prescribing service (41 predicted), 211 people attended our programs 1200 predicted) and 359 people have availed of information sessions {155 predicted) so we met our targets. Examples include Links to Wellbeing in September, with 14 participants and Transform your Trolley in November hosted by Gortin Men's Shed with 13 participants. Links To Wellbeing commenced in Dromore in March 2024, in conjunction with Dromore & Trillick GP Practice, as did Smoking Cessation in Fintona on 13th March. During the year we identified areas of health inequalities and have addressed them where possible. An example of this is the very successful event we held based
Omagh Forum for Rural Associations Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 around Living with Menopause and the follow-on program 'Your Time to Thrive,. We were asked to be involved in helping to develop a Traveller-led group in conjunction with Fermanagh and Omagh District Council and the Western Trust. Other areas identified will be addressed over the coming year using relationships built up with other voluntary and statutory organisations. During the first year we also developed our branding and building our name within the local community, the local groups, the voluntsry and community sector and the statutory organisations. Tackling Poverty This is an important context for the work we do in both the community development and Healthy Living NeOrk aspects of Omagh Forum. WRAP - Western Response and Action on Poverty Fermanagh and Omagh District Council issued a tender, through funding from the Department of Communities, for a Food Poverty - Financial and Wraparound Support programme. We became a partner with Fermanagh Rural Community Network leading a consortium of six organisations, also including Lakeland Community Care Limited,- Erne East Community Partnership-OAK Healthy Living Centre,. ARC Healthy Living Centre- and The Courthouse Kesh Limited. The programme began on 21 st November 2023 and across the district a total of 143 households comprising 411 individuals received direct support to maximise income and reduce household costs. Highlights were.. 39 households to St Vincent de Paul and British Red Cross for emergency fuel support,. 69 households were referred to independent advice services based in the district, primarily for benefit advice and entitlement checks- 70 households were referred lo the Housing Executive oil saving club and 60 were referred to the Affordable Warmth Scheme. Other advice was provided on budgeting. healthy eating, housing, physical and mental health referral, education, training and volunteering opportunities to enhance employability skills. Omagh Forum staff worked with 52 families in the Omagh area with face-to-face visits and telephone calls over an 8-week period November .23 - March '24. The visits highlighted the many issues that families l individuals are facing like very poor mental health, social anxiety and struggles to pay bills. Referrals ¢ame from trusted partner organisations such as Sure start, Together with Solace, Care for Cancer, BFriend Hub, and self-referral. Bryson Emergency Relief Cost of Living Initiative We delivered this initiative in the Omagh area which involved the provision of assistance to those in urgent need of help to cover the cost of fuel, food andlor essential household necessities. It started on 3rd October 2023 through to 28th March 2024, targeting 14,400+ households across N Ireland. We supported 34 households in Ihe Omagh area with electricity costs with a monetary value of £6,800, and this was a great support to people, one participants said "l am employed but on a low wage, my husband can't work due to ill health, and we are expecting our second child so it would be great to get this help. I won't have to worry so much FODC Anti-Poverty Strategy working group Omagh Forum is part of this group who are meeting to draft a strategylaction plan for the Fermanagh and Omagh area. Others are involved such as the Advice Sector, Western Health & Social Care Trust, Community Transport etc. The food poverty tender came from the work of this group. Other events and activities Cost of Living Crisis We held a joint event with NICVA on 9th May 2023 entitled "Cost of Living Crisis - Tough Times, Smart Solutions" A number of local organisations came together to discus5 the challenges people were facing and we met the new NICVA CEO Celine Mcstravick. NIO Office We met a representative of the Nl Office on 14th June 2023 as he wanted to hear the concerns of local people, so we brought in a few organisations as well as some Directors. Those
Omagh Forum for Rural Associations Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 present talked about various issues such as the difficulties presented by withdrawal of funding from the community and voluntary (clv) sector,. loss of services from rural areas especially Banks and the problems that poses for people,. the cost of living crisis,. the lack of rural transport which heightens social isolation,. the Protestant Gommunity facing barriers in applying for grants and the need for public Servi transformation, among others. This has opened a channel of communiGation beeen NIO and local communities. People and Place Review - Cashel Community Association helped us facilitate a meeting with the Department for Communities to talk to people about the issues they fa in rural and border areas as part of their People and Place Review (known as Neighbourhood Renewal). Networking visit - Directors attended a neOrkIng visit to Derry in August 2023 and met with representatives of groups in Sion Mills to learn from their experiences. This visit was ftjnded by the Department of Foreign Affairs, and we gained an increased knowledge of our shared history through the tour walking guide and the hosts in the Siege Museum and the Museum of Free Derry. Annual General Meeting The AGM took place in October 2023 in Mountfield with speakers Margaret Mccloskey, from the Money and Pension Services (MAPS) and Edel Browne, Peace Plus, FODC and a welcome from Declan McAleer MLA. We also had the community group launch of Omagh Healthy Living NebNork. Peace Plus Partnership Our Network Manager, Mary T Conway. sits on the FODC Peace Plus Partnership. An action plan has been agreed under three themes and working groups have been set up.. Community Regener & Transformation up to 40 %, É2.24m {2,450 participantsl-Thriving and Peaceful Communities - up to 40 % , É2.24m (2,250 participants)-Celebrating Cultural Diversity minimum of 20%, É1.12m (980 participants). There will be funding opportunities for groups, but applicants interested in participating in delivery of the action plan must be able to demonstrate the ¢ore requirement of cross-community and how it will lead to increased and Sustained cross-community interaction and make a lasting contribution to peacebuilding in the district. FODC Agricultural Liaison Group Meeting. George Kerr, a long-standing Director. has been representing Omagh Forum at the quarterly WebEx meeting of FODC Agricultural Liaison Group. Charity Commission We held two sessions on Charity Cornmission Annual Reporting, one in Omagh Community House on 11th October 2023 and one for Fermanagh Trust on Wed 29th November 2023. Staff help groups to register an Expression of Intent to register- we help them with the registration process and to complete their Annual Monitoring Return to Charity Commission for Northern Ireland, as well as other contact that a group might have such as updating details with the CCNI or reporting a serious incident. Our Network Manager, Mary T Conway, sits on the Charity Commission Stakeholder Engagement group which facilitates regular meetings between community, voluntary sector reps and the Deputy Chief Commissioner and Charity Commission Staff. Discussions are detailed and varied, and we have been able to bring many messages from local groups to the Commissioners. Mary T has also reviewed four draft documents and three letters as a Critical Friend for CCNI. Members survey We had two surveys over the year, Ihe first in October 2023 and the second in March 2024. It is important for our members and the groups we work with to take part and the results of these help to plan our work ahead and are used as evidence for the need in funding applications. Area Integrated Partnership Board Mary T & Tiernach were involved in the roll out of the AIPB'S Area Integrated Partnership Board (AIPB) which is a local planning body with the overarching aim of improving health and social care outcomes and reducing health inequalilies for its local population. Tiernach was subsequently
Omagh Forum for Rural Associations Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {contlnuedJ Year ended 31 March 2024 selected as a user representative on the Western AIPB. Council Funding Fair Omagh Forum and Omagh Healthy Living Network staff had a table at the Funding and Advice Fair held in Omagh Leisure Centre on 13th February 2024 and had a lot of enquiries from groups. Food Safety course We ran the Level 2 Food Safety and Hygiene course in St Patrick's GAA Tattyreagh in March 2024 which was attended by 13 people from groups across the distri¢l Members Meeting At the tail end of this financial year, we were organising a Network Meeting in April 2024 with three speakers- The National Lottery., The Fundraising Regulator- Code of Fundraising Practice and FODC Sustainable Food Programme. Financial review Principal Funding Sources The main source of funds is from the Department of Agriculture, Environment and Rural Affairs IDAERA), which equates to 420kn of the overall income for the year with the lottery at almost 31 D/0 for Omagh Healthy living Network. The charity has always sought and secured funding from other sources to assist with ongoing expenditure by way of management of two community wind farm grant schemes, tendering opportunities, management fees of other projects and olher income from and sponsorship to name but a few. Reserves Policy and Going Concern The trustees have examined the charity's requirements for reserves in light of the main risk to the charity, namely the availability of fijnding from third parties, and agreed that the unrestricted funds not committed should be 6 months of the charity's annual expenditure. The reserves are needed to bridge the gap beeen the receiving and spending of income and to cover unplanned emergency spending. The trustees conclude that based on secured funding combined with reserves already held, the accounts should be prepared on a going conrn basis. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The truslees, annual report was approved on 4 September 2024 and signed on behalf of the board of trustees by.. Gerry Mccaffrey Trustee
Omagh Forum for Rural Associations Company Limited by Guarantee Independent Examiner's Report to the Trustees of Omagh Forum for Rural Associations Year ended 31 March 2024 report to the trustees on my examination of the financial statements of Omagh Forum for Rural Associations I'the charity,) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of Charitie5 Act (Northern Ireland) 2008 {the '2008 Act,) and the Companies Act 2006 I'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 examinerfs statement Since the charity's gross income exeded £250,000 your examiner must be a member of a body listed in section 65 of the 2008 Act. I confirm that l am qualified to undertake the examination because l am a member of Chartered Accountants Ireland, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connertion with my examination giving me cause to believe that in any material respecl.. 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 not 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 independenl examination., or the financial statements have not been prepared in accordance with the melhods and principles of the Statement of Recommended PractlGe 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).
Omagh Forum for Rural Associations Company Limited by Guarantee Independent Examiner's Report to the Trustees of Omagh Forum for Rural Associations (continued) Year ended 31 March 2024 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. Rachel Donnell Independent Examiner Unit B15 Omagh Enterprise Centre Great Northern Road OMAGH Co Tyrone BT78 SLU 10
Omagh Forum for Rural Associations Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Totsl funds Note Income and endowments Charitable activities Investment income 52,725 3,122 260.399 313,125 3,122 184,983 1,425 Total income 55,847 260,399 316,247 186,408 Expenditure Expenditure on charitable activities Total expendituro 39,733 217,882 257,616 162,831 39.733 217,882 257,616 162,831 Net income and net movement tn funds 16.114 42.517 58,631 23,577 Reconcil iation of funds Total funds brought forward Total funds carried forward 139,960 139,960 116,383 156.074 42,517 198,591 139.960 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 14 to 18 fomi part of these financial statements. 11
Omagh Forum for Rural Associations Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 2.123 1,868 Current assets Debtors Cash at bank and in hand 10 20,101 210,402 6,826 174,165 230,503 180,991 Creditors: amounts falling due within one year 11 14,985 10,719 Net current assets 215,518 170,272 Total assets less current liabilities 217,641 172,140 Accruals and doferred income 19.050 32,180 Net assets 198,591 139,960 Funds of the charity Restricted funds Unrestricted funds 42,517 156,074 139,960 Total charity funds 198,591 139,960 For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting reGords and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 14 to 18 forni part of these financial statements. 12
Omagh Forum for Rural Associations Company Limited by Guarantee Statement of Financial Position (continued) 31 March 2024 These financial statements were approved by the board of Irustees and authorised for issue on 4 September 2024, and are signed on behalf of the board by.. Dympna Mccann Trustee Gerry Mccaffrey Trustee The notes on pages 14 to 18 form part of these financial statements. 13
Omagh Forum for Rural Associations Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information The registered charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland. The address of the registered office is Omagh Community House, 2 Drumragh Avenue, Omagh, County Tyrone, BT78 1DP. Statement of Compliance These financial statements have been prepared in compliance with FRS 102, '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 {FRS 102) (Charities SORP (FRS 1021) and the Charities Act (Northern Ireland) 2008. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis. Going concern Funding from the Department of Agriculture, Environment and Rural Affairs, despite having been approved for a further year, it isn't guaranteed. However, through other souices of funding and current reserves already held, the trustees conclude that the accounts should be prepared on a going concern basis. Disclosure exemptions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As SLtch, advantage has been taken of the disclosure exemption available under paragraph 1.12 of FRS 102 which allows no cash flow statement to be presented for the company. Judgements and key sources 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 expectstions 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. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms ofan appeal. 14
Omagh Forum for Rural Associations Company Limited by Guarantee Notes to the Financial Statements (¢ontinuedJ Year ended 31 March 2024 Accounting policies (continued) Incoming resources All inwme is 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. income from contracts for the supply of services is recognised with the delivery of the contracted servi¢e. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a partlGular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT, and is classified under the heading 'Expenditure on Charitable activities, in the Statement of Financial Activities. This includes all costs incurred by a charity in undertaking activities thal further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Tangible assets Tangible assets are stated at cost less any accumulated depreciation. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value. over the useful economic life of that asset as follows.. Fixtures and fittings Computers Equipment 200/0 reducing balance 25 % straight line 200/D reducing balance Government grants Government grants in respect of capital expenditure are treated as deferred income and credited to the Statement of Financial Activities over the estimated useful life of the assets to which they relate. 15
Omagh Forum for Rural Associations Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (continued) Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Limited by guarantee Omagh Forum for Rural Associations is a Company limited by guarantee and accordingly does not have a share capital. Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 3,122 3,122 1,425 1,425 Expenditure on charitable activities Unrestricted Funds Restricted Total Funds Funds 2024 Charitable activities Support costs 39,643 90 216,022 1,860 255,666 1,950 39,733 217,882 257,616 Unrestricted Funds Restricted Total Funds Funds 2023 Charitable activities Support costs 37,706 84 123,180 1,860 160,887 1,944 37,790 125,040 162,831 Staff costs The average head Count of employees during the year was 5 (2023.. 41- The average number of full-time equivalent employees during the year is analysed as follows.. 2024 2023 No. Management and project coordinators No employee received employee benefits of more than £60,000 during the year (2023.. Nill. 16
Omagh Forum for Rural Associations Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. During the year trustees claimed expenses or had their expenses met by the charity totalling £Nil,12023.' £355). Tangible fixed assets Fixtures and fittings Motor vehicles Equipment Totsl Cost At 1 April 2023 Addition5 1,937 9,075 2,646 9,730 20,742 2,646 At 31 March 2024 1,937 11,721 9,730 23,388 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 1,918 7,380 2,356 9,576 31 18,874 2,391 1,922 9,736 9,607 21,265 Carrying amount At 31 March 2024 1,985 123 2,123 At 31 March 2023 1,695 154 1.868 10. Debtors 2024 2023 Trade debtors Other debtors 18,798 1,303 5,833 993 20,101 6,826 11. Creditors: amounts falling due within one year 2024 2023 Trade creditors Social security and other taxes 9,878 5,107 6,901 3,818 14,985 10,719 17
Omagh Forum for Rural Associations Company Limited by Guarantee Notes to the Financial Statements {continued) Year ended 31 March 2024 12. Related parties Gerry Mc Caffroy, Breige Kelly & Audrey Adams are all deemed related parties as they are trustees of other organisations which cumulatively benefited by £4,700 from the various granls available through Omagh Forum for Rural Associations. No amounts were outstanding at the year end. 18