COMPANY REGISTRATION NUMBER: N1036590 CHARITY REGISTRATION NUMBER.. NIC100477 Omagh Early Years Centre Company Limited by Guarantee Financial Statements 31 July 2022 SP MCCAFFREY & CO Chartered accountants & statutory auditor 50 Campsie Road Omagh Co Tyrone BT79 OAG
Omagh Early Years Centre Company Limited by Guarantee Financial Statements Year ended 31 July 2022 Page Trustees, annual report (incorporating the director's report} Independent auditor's report to the members Statement of financial activities (including income and expenditure account) Statement of financial position 10 Statement of cash flows Notes to the financial statements 12 The following pages do not form part of the financial ststements Detailed statement of financial activities 21 Notes to the detailed statement of financial activities 23
Omagh Early Years Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 July 2022 The Iruslees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 July 2022. Reference and administrative details Registered charity name Omagh Early Years Centre Charity registratlon number NIC100477 Company registration number N1036590 Prlncipal office and registered Old General Hospital office Woodside Avenue Co. Tyrone BT79 7BP The trustees Mr Clive Beatty Mrs Phyllis Kelly Mrs Catherine Mc Grade Dr Louise O'Hare (Retired 2 July 20221 (Retired 2 July 20221 Company secretary Joanne Curry Audltor SP Mccaffrey & Co Chartered accountants & slatulory auditor 50 Campsie Road Omagh Co Tyrone BT79 OAG Structure, governance and management Governing Document Omagh Early Years centre is a company limited by guarantee (Registered N10365901 and does not have a share Capital. The Company is governed by its Memorandum of Articles of Association. The Company is recognised as a charity by Nl Charities Commission. Principal Activity The principal activity of the company is the provision of community, caring and educational services for young children, including those with special needs, and their families in Omagh and the surrounding areas.
Omagh Early Years Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 July 2022 Objectives and activities Objectives and Aetivitles The Company's objectives are specifically restricted lo the advancement of education and the development of Children and young people under the age of 14 Ihereinafter called 'lhe beneficiaries'l resident in the Omagh area and its environs in particular bul not exclusively Ihereinafter called the 'area of benefil'l through the encouragement of parents and guardianslcarers in the understanding of the proviso for the needs of such children through community groups wilhoul distinction of age, gender, sexual orientation, nalionalily, ethnic idenlily, political or religious opinion, by associating the statutory authorities, community and voluntary organisalions and the inhabitants in a common effort to advance education and to provide facilities in the interest of social welfare for recreation or other leisure lime occupation, with the object of improving the conditions of life for the inhabilanls in particular.. We have referred to the guidance contained in the charity commissions general guidance on public benefit when reviewing our aims and objectives and in the planning out future activities. Achievements and perfomian¢e Review of the Business Omagh Early Years Centre is a non-profit making with the net surplus of £14, 160 for the year. There was Capital Expenditure incurred during the year that was not grant aided. The Management continues lo be engaged in ongoing efficiency savings and is aware of the sustainable use of resources. Reserves Policy The Directors of Omagh Early Years Centre have set 3 reserves policy which requires that reserves be maintsined at a level which ensures that the company's core activity could continue during a period of unforeseen difficulty. The directors aspire that the Company should hold in Reserves an amount not less than £317,000 in an effort lo minimise the risks identified to the company. Financlal review Omagh Early Years Centre is a non-profit making charity with net incoming resources of £14, 160 for the year. There was capital expenditure incurred during the year that was not grant aided. The management continues lo be engaged in ongoing efficiency savings and is aware of the sustainable use of resources.
Omagh Early Years Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continuedl Year ended 31 July 2022 Plans for future perlods The Board are looking lo take opportunities lo increase suslainabilily in the future. Trustees. responsibllltles statement The trustees, who are also directors for the purposes of company law, are responsible for preparing the tmstees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Praclicel. Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the slate of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the Iruslees are required to". select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Gharilies SORP., make judgments and accounting estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonabSe accuracy at any lime the financial position of the charity and enable them lo ensure that the financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor Each of the persons who is a Iruslee al the c5ale of approval of this report confirms that.. so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware., and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and lo establish that the charity's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Comp8nies Act 2006.
Omagh Early Years Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 July 2022 Small company provisions This report has been prepared in accordance with the provisions applicable lo companies enlilled to the small companies exemption. The Iruslees, annual report was approved on 13 February 2023 and signed on behalf of the board of Iruslees by.. Mr Clive Beatty Trustee Dr Louise O'Hare Trustee
Omagh Early Years Centre Company Limited by Guarantee Independent Auditor's Report to the Members of Omagh Early Years Centre Year ended 31 July 2022 Opinion We have audited the financial slalemenls ot Omagh Early Years Centre (the 'charity'l for the year ended 31 July 2022 which comprise the statement of financial activities (including income and expenditure accounll, statement of financial position. slalement ol cash flows and the related notes. including a sumrnary of significant accounting policies. The financial reporting fomework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pr2clicel. In our opinion the financial 5talements'. give a true and fair view of the slate of the charity's affairs as al 31 July 2022 and of ils incoming resources and application of resources, including ils income and expenditure. for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice", have been preparecs in accordance with the requirements of the Companies Act 2006 and the Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance with InlernationaS Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slatemenls, we have concluded that the Iruslees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charity's ability lo continue as a going concern for a period of at least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concem are described in the relevant sections of this report.
Omagh Early Years Centre Company Limited by Guarantee Independent Auditor's Report to the Members of Omagh Early Years Centre (continued) Year ended 31 July 2022 other information The other information comprises the infomation included in the annual report, other than the financial statements and our auditor's report Ihereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicitly staled in our report, we do not express any form of assurance conclusion Ihereon. In connection with our audit of the financi81 slalemenls, our responsibility Is to read the other inforrnalion and, in doing so, consider whether the other infomalion is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misslatemenl in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a materi81 misstatement of this other information, we are required to report that fact. We have nothing lo report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Iruslees, report for the financial year for which the financial statements are prepared is consistent with the financial slalements., and the trustees, report has been prepared in acctsrdance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit. we have not identified materia1 rnisstalements in the trustees, report. We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act (Northern Ireland) 2008 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us.. or the financial ststements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made". or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies, exemptions in preparing the directors. report and from the requirement lo prepare a strategic report.
Omagh Early Years Centre Company Limited by Guarantee Independent Auditor's Report to the Members of Omagh Early Years Centre (cot)tlnued) Year ended 31 July 2022 Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the Iruslees Iwho are also the directors for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the Iruslees determine is necessary lo enable the preparation of financial statements that are free frorn material rnisst21ement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Iruslees either intend to liquidate the charity or to cease operations, or have no realistic alternative bul to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuffince, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misstalemenl when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could re8sDnably be expected to influence the economic decisions of users taken on the basis of these financial slatemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibi5ilies, outlined above, to delecl material niisslatemenls in fftspect of Irregularities. including fraud. The extent lo which our procedures are capable of delecling irregularities, including fraud is detailed below. As part of an audit in accordance with ISAS IUKI, we exercise professional judgment and maintain professional sceplicism throughout the audit. We also.. Identify and assess the risks of material misslalement of the financial stalemenls, whether due lo fraud or error, design and perform audit procedures responsive lo those risks, and Dblain audit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
Omagh Early Years Centre Company Limited by Guarantee Independent Auditor's Report to the Members of Omagh Early Years Centre (continued) Year ended 31 July 2022 Conclude on the appropriateness of the Iruslees, use of the going concern basis of accounting and. based on the audit evidence obtained, whether a material un¢ertainly exists related lo events or conditions that may cast significant doubl on the charity's ability lo continue as a going concern. If we conclude that a material uncertainly exists, we are qUired lo draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, lo modify our opinion. Our conclusions are based on the audit evidence obtained up lo the dale of our auditor's report. However, future events or conditions may cause the charity lo cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial ststemenls represent the underlying transactions and events in a manner that achieves fair presentstion. We communicate with those charged with governance regarding, among other mallers, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in inlernaS control that we identify during our audit. Use of our report This report is made solely lo the charity's members, as a body, in accordance with section 65 of the Charities Act (Northern Ireland) 2008. Our audit work has been undertaken so that we might slate lo the charity's members those mallers we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the eharily and the charity's members as a body. for our audit work, for this report, or for the opinions we have formed. pson (Senior Statutory Audilorl For and on behalf of SP Mccaffrey & Co Chartered accountants & slalutory auditor 50 Campsie Road Omagh Co Tyrone BT79 OAG 13 February 2023
Omagh Early Years Centre Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 July 2022 2022 Restricted funds Total funds Tot81 funds 2021 Unrestricted funds Nots Income and endowments Voluntary Incorne Activities for Generating Funds Investment income 56,343 661,911 55 33,005 89,348 661,911 55 191.386 668.869 126 Total ineome 718,309 33,005 751.314 860,361 Expenditure Expenditure on charitable activities Total expenditure {704, 1491 704,149 133,0051 {737,1541 33,005 737,154 1708,5931 708,593 Net income and net movement in funds 14,160 14.160 1S1,768 Reconclliation of funds Total funds brought forward Total funds carrled forward 361,423 361,423 209,655 375,583 375,583 361,423 The statement of financial activities includes all gains and losses recognised in the year. All Income and expenditure derive from continuing activities. The note¥ on pages 12 to 19 fomi part of these financial statements.
Omagh Early Years Centre Company Limited by Guarantee Statement of Financial Position 31 July 2022 2022 2021 Not8 Fixed assets Tangible fixed as5els 10 19.011 21,368 Current assets Debtors Cash al bank and in hand 11 52,431 340,333 54,071 316,989 392,764 371,060 Credltors: amounts falling due within one year Net current assets 12 36,192 31,005 340,055 356,572 375,583 Total assets less current liabilities 361,423 Funds of the charity Unrestricted funds 375.583 375,583 361,423 361,423 Total charity funds These financial statements have been prepared in 8ceorrJance with the provisions applicable lo companies subject lo the small companies, regime. These financial slalements were approvèd by the board of trustees and aulhorised for issue on 13 February 2023, and are signed on behalf of the board by.. Mr Clive Beaty Trustee Dr Louise O'Hare Trustee The notes on pages 12 to 19 fomi part of these financial statemants. 10
Omagh Early Years Centre Company Limited by Guarantee Statement of Cash Flows Year ended 31 July 2022 2022 2021 Cash flows from operating activities Net income 14,160 151,768 Adjustments for.. Depreciation of tangible fixed asset5 Other interest receivable and similar income Interest payable and similar charge5 4,041 1551 2,101 7,123 11261 1,673 Ch8nges in.. Trade and other debtors Trade and other creditors 1,640 5,187 19,4841 1329,6281 1178.6741 Cash generated from operations 27,074 Interest paid Interest received 12,1011 S5 11,6731 126 Nel cash fromllused inl operating activities 25.028 1180,2211 Cash flows from investing activities Purchase of tangible assets Nel cash used in investing activities {1,6841 11.6841 11,3201 11,3201 Net increaselldecreasel in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 23,344 316,989 1181,5411 168,289 340.333 113,2521 The no¢e¥ on pages 12 to f9 forni part of these financial statements. 11
Omagh Early Years Centre Company Limited by Guarantee Notes to the Financial Ststements Year ended 31 July 2022 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registefftd office is Old General Hospitsl, Woodside Avenue, Co. Tyrone, BT79 7BP. 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 Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Icharities SORP IFRS 10211 and the Companies Act 2006. Accountlng policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in steTling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability lo continue. Fund accounting Unrestricted funds are available for use al the discretion of the trustees lo further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the tmstees for particular future project or commitment. Reslricled funds are subjected lo 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 endowment funds. 12
Omagh Early Years Centre Company Limited by Guarantee Notes to the Financial Statements (continue Year ended 31 July 2022 Accounting policies (¢ontiRJuedJ Incoming resources All incoming resources are included in the statement of financial activities when enlillemenl has passed lo the charity., it is probable that the economic benefits associated with the transaction will f5ow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular Categories of incorne. income from donations or grants is recognised when there is evidence of entitlement lo the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impoctical lo measure reliably, in which case the value 15 derived from the cost to the donor or the eslimaled resale value. 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 ol general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unreslricled funds unless there is a conlraclual requirement lor il lo be spent on a particular purpose and returned if unspent, in which case il May be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified Ljnder headings of the statement of financial activities to which it relates.. expendilyre on raising funds includes the costs of all fundraising aclivilies, events, non-charilable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to fftising 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 allributable lo a single activity 8re allocated directly lo that aclivily. Shared costs are apportioned between the activities they contribute lo on a reasonable, justifiable and consislenl basis. Tangible assets All fixed assets are initially recorded at COSt. 13
Omagh Early Years Centre Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 July 2022 Accounting policies (¢ontlnued) Depreciation Depreciation is calculated so as to write off the cost or valuation of Sn asset, less its residual value, over the useful economic life of that asset as follows.. Leasehold Propety Fixtures & Fittings Motor Vehicles 15D/o straight line 200/0 reducing balance 200/0 reducing balance Impairment of fixed assets A review for indicators of impairment is carried out al each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoveffible amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unil lo which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition dale, allocated to each of the cash-generaling units that are expected lo benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party lo the contractual provisions of the instrument. Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction costs. CUrn1 assets and current liabilities are subsequently measured at the cash or other consideration Èxpected lo be paid or received and not discounted. Debt instruments are subsequently meaSud at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured al fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value: unless Payment for an asset is deferred beyond normal business terms or financed al a rale of interest that Is ntst a market rate, in which case the asset is measured al the present value of the future payments discounted 81 a market rate of interest for a similar debt instrument. 14-
Omagh Early Years Centre Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 July 2022 Accounting policies (contlnued) Financial instruments (¢ontlnued) Other financial instruments are subsequently measured at fair value, with any changes recognised in the slalement of financial activities, with the exeeption of hedging instruments In a designated hedging relationship. Financi81 assets that are measured at cost or amortised cost are reviewed lor objective evidence of impairment al the end of each reporting dale. If there is objective evidence of impairment. an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characlerislics. Any reversals of impairrnent are recognised immediately, lo the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Defined contribution plans Contributions lo defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected lo be settled wholly within 12 months of the end of the reporting dale in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee The company is limited by guarantee, the members being quIred to pay not more than £5 in the event of a winding up. 15-
Omagh Early Years Centre Company Limited by Guarantee Notes to the Financial Statements (contsnu8dJ Year ended 31 July 2022 Voluntary income Unrestricted Funds Restricted Total Funds Funds 2022 Grants BSO Milk Subsidy Community Fund Brightslart Children In Need The Neighbourly HSCB COVID-19 Social Enterprise Fund Fermanagh Omagh District Council Pathway Fund Earfy YearslCRSF- Temporary Closure Fund Early YearslCRSF - Childcare Sustainability Fund COVID Job Retention Scheme Community Foundation Grant 2,066 2,066 3,005 12,078 3.005 12,078 30,000 30,000 33,782 8,417 33,782 .417 56,343 33,005 89,348 Unrestricted Funds Restricted Total Funds Funds 2021 Grants BSO Milk Subsidy Comniunity Fund Brightslart Children In Need The Neighbourly HSCB COVID-19 Social Enterprise Fund Fermanagh Omagh District Council Pathway Fund Early YearslCRSF - Temporary Closure Fund Early YearslCRSF - Childcare Suslainabilily Fun COVID Job Retention Scheme Community Foundation Grant 1,915 1,915 12,078 52 12,078 11,702 400 500 28,000 2,500 29,996 8,956 68,359 25,340 1,620 11.650 400 500 28,000 2,500 29,996 8,956 68,359 25,340 1,620 144,700 46,666 191.366 Activities for generatlng funds Unreslricled Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Childcare Fee Rent Received 656,631 5,280 661,911 656,631 5,280 661,911 664,029 4,840 668,869 664.029 4.840 668,869 16
Omagh Early Years Centre Company Limited by Guarantee Notes to the Financial Statements iconllnuedj Year ended 31 July 2022 Investment Income Unrestricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Bank interest receivable 55 55 126 126 Net income Nel income is stated after chargingllcreditingl.. 2022 2021 Depreciation of tangible fixed assets 4,041 7,123 Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2022 2021 Wages and salaries Employer contributions to pension plans Other employee benefits 528,082 22,342 3,624 525,906 17,795 2,584 554,048 546,285 The average head count of employees during the year was 47 12021.. 531. The averagè number of full-time equivalent employees during the year is analysed as follow3.' 2022 2021 No. No. Number of staff - type 1 47 53 No employee received employee benefits of more than £60,000 during the year12021.. Nill. 17-
Omagh Early Years Centre Company Limited by Guarantee Notes to the Financial Ststements (continuedj Year ended 31 July 2022 10. Tangible fixed assets Land and Fixtures and buildings fittings Motor vehicles Total Cost Al 1 August 2021 Additions 445,881 176,790 1,684 50,956 673,627 1,684 675,311 At 31 July 2022 Depreciation At 1 August 2021 Charge for the year At31 July 2022 Carrying amount At 31 July 2022 At31 July 2021 445.881 178,474 50.956 445,881 158,287 4,041 162,328 48,091 652,2S9 4,041 656,300 445,881 48,091 16,146 2,865 19,011 18,503 2,865 21,368 11. Debtors 2022 2021 Trade debtors 52,431 54,071 2022 2021 Parent Fees Brighlstart BSO Milk Subsidy HMRC JRSISSP 47,791 4,026 614 47,371 4,026 1,017 1,657 52,431 54.071 12. Creditors: amounts falling due within one year 2022 2021 Trade creditors Social security and tsther tsxes Prepaid Childcare Fees 8,024 4,776 23,392 36.192 13,828 17,177 31.005 18
Omagh Early Years Centre Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 July 2022 13. Deferred income 2022 2021 At 1 August 2021 Amount released to income Amount deferred in year At 31 July 2022 330.241 1339.2111 8.970 330,241 1339,2111 8,970 14. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation lo defined contribution plans was £22,34212021.. £17,795). 15. Analysis of changes in net debt At Al 1 Aug 2021 Cash flows 31 Jul 2022 Cash al bank and in hand 316,989 23,344 340.333 19
Omagh Early Years Centre Company Limited by Guarantee Management Information Year ended 31 July 2022 The following pages do not form part of the financial statements. -20-
Omagh Early Years Centre Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 July 2022 2022 2021 Income and endowments Voluntary Income BSO Milk Subsidy Comrnunity Fund Brightslart Children In Need The Neighbourly HSCB COVID-19 Social Enterprise Fund Fermanagh Omagh District Council Pathway Fund Early YearslCRSF - Temporary Closure Fund Early YearslCRSF - Childcare Suslainabilily Fund COVID Job Retention Scheme Community Foundation Grant 2,066 3,005 12,078 1,915 12,078 11,702 400 500 28,000 2,500 29,996 8,956 68,359 25,340 1,620 30,000 33,782 8,417 89,348 191,366 Activities for Generating Funds Childcare Fee Rent Received 656,631 5,280 661,911 664,029 4,840 668,869 Investment income Bank interest receivable 55 126 Total incomo 751.314 860.361 21
Omagh Early Years Centre Company Limited by Guarantee Detailed Ststement of Financial Activities fcontinuedj Year ended 31 July 2022 2022 2021 Expendrture Expenditure on charitable activities Wages and salaries Pension costs Other employee benefits Water rates and bin collection Light and heat Repairs and maintenance Insurance Cleaning Accountancy tees Telephone Slalionery and postage 528,082 22,342 3,624 2,096 19,643 16,135 11,950 9,442 1,800 2,105 2,303 525,906 17,795 2,584 2,331 12,288 12,959 11,150 11,560 1,800 1,750 2,664 i !] Depreciation Bank fees Groceries Transport Costs Bus Driver Costs Toys Legal & Professional Fees Mileage Training courses & subscriptions Bad Debts Wrillen Off Advertising & Rebranding Activities 4,041 2,101 23,893 6,6S1 49,370 11,060 7.373 112 10.057 7,123 1,673 22,452 8,309 48,260 4,161 3,934 165 4,896 3.380 557 898 1,140 1.834 1737,1541 1708,5931 Total expenditure 737.154 708,593 Net income 14,160 151,768 -22-
Omagh Early Years Centre Company Limited by Guarantee Notes to the Detailed Ststement of Financial Activities Year ended 31 July 2022 2022 2021 Expenditure on charitable actlvities Activity type 1 Activities undertaken directly Wages & Salaries Direct charitable activity 1 pension costs Direct charitable activity 1 other employee benefits Water Rates & Bin Collection Light & heal Repairs & maintenance Insurance Cleaning Accountancy fees Telephone 528,082 22,342 3,624 2,096 19,643 16,135 11,950 9,442 1,800 2,105 525,906 17,795 2,584 2,331 12,288 12,959 11,150 11,560 1,800 1,750 rii Stationery & Postage Depreciation ank Fees Groceries Transport Costs Bus Driver Costs Toys Legal & Professional Fees Mileage Training courses & subscriptions 8ad Debts Written Off Advertising & Rebranding Activities 2,303 4,041 2,101 23.893 6.651 49,370 11,060 7,373 112 10,057 2,664 7,123 1,673 22,452 8,309 48.260 4,161 3,934 165 4,896 3,380 557 896 1,140 1,834 737,154 708,593 Expenditure on charitable activltles 1737,154) 1708,5931 23-