COMPANY REGISTRATION NUMBER: N1036590 CHARITY REGISTRATION NUMBER: NIC100477 Omagh Early Years Centre Company Limited by Guarantee Financial Statements 31 July 2023 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 2023 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 11 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 2023 The trustees, 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 2023. Reference and administrative details Registered charity name Omagh Early Years Centre Charity registration number NIC100477 Company registration number N1036590 Principal office and registered Old General Hospital office Woodside Avenue Co. Tyrone BT79 7BP The trustees Ross Buchanon Kevin Conway Colette Corry Catherine McElholm Mr Clive Beatty Dr Louise O'Hare (Appointed 12 February 2023) (Appointed 12 February 2023) Company secretary Joanne Curry Auditor SP Mccaffrey & Co Chartered accountants & statutory 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 N1036590) 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 2023 Objectives and activities Objectives and Activities The Company's objectives are specifically restricted to the advancement of education and the development of children and young people under the age of 14 (hereinafter called "the beneficiaries,) resident in the Omagh area and its environs in particular but not exclusively {hereinafter called the 'area of benefit'l through the encouragement of parents and guardianslcarers in the understanding of the proviso for the needs of such children through community groups without distinction of age, gender, sexual orientation, nationality, ethnic identity, political or religious opinion, by associating the statutory authorities, community and voluntary organisations 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 time occupation, with the object of improving the conditions of life for the inhabitants 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. Aehievements and performance Review of the Business Omagh Early Years Centre is a non-profit making with the net surplus of £30,582 for the year. There was Capital Expenditure incurred during the year that was not grant aided. The Management continues to 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 a reserves policy which requires that reserves be maintained 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 £391,500 in an effort to minimise the risks identified to the company. Financial review Omagh Early Years Centre is a non-profit making charity with net incoming resources of £30,582 for the year. There was capital expenditure incurred during the year that was not grant aided. The management continues to 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) (continued) Year ended 31 July 2023 Plans for future periods The Board are looking to take opportunities to increase sustainability in the future. Trustees, responsibilities statement The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state 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 trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP., make judgments and accounting estimates that are reasonable and prudent-, prepare the financial statements on the going concern basis unless it is inappropriate to 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 reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor Each of the persons who is a trustee at the date 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 to 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 Companies Act 2006.
Omagh Early Years Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 July 2023 Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 13 November 2023 and signed on behalf of the board of trustees by.. Mr Clive Trustee eatty 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 2023 Opinion We have audited the financial statements of Omagh Early Years Centre (the 'charity'l for the year ended 31 July 2023 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework 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 Practice). In our opinion the financial statements-. give a true and fair view of the state of the charity's affairs as at 31 July 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., have been prepared 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 International Standards on Auditing (UK) {ISAs (UK)) 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 to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, 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 to events or conditions that. individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern 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 2023 Other information The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othetwise 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 misstatement 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 material misstatement of this other information, we are required to report that fact. We have nothing to 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 trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the trustees, report has been prepared in accordance 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 material misstatements in the trustees, report. We have nothing to 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 statements 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 take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic 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 2023 Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees {who 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 trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, 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 applicab5e, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. As part of an audit in accordance with ISAS (UKI, we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstaternent 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 2023 Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to 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 statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to 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 state to the charity's members those matters 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 charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. Ga son (Senior Statutory Auditor) For and on behalf of SP Mccaffrey & Co Chartered accountants & statutory auditor 50 Campsie Road Omagh Co Tyrone BT79 OAG 13 November 2023
Omagh Early Years Centre Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 July 2023 2023 Restricted funds Total funds 2022 Unrestricted funds Total funds Note Income and endowments Voluntary Income Activities for Generating Funds Investment income 23,629 773,355 1,738 40,595 64,224 773,355 1,738 89,348 661,911 55 Total income 798,722 40,595 839,317 751,314 Expenditure Expenditure on charitable activities Total expenditure (768,141) 768.141 (40,595) (808,735) 40,595 808,735 {737,1541 737,154 Net income and net movement in funds 30,582 30,582 14,160 Reconciliation of funds Total funds brought forward Total funds carried forward 375,583 375,583 361,423 406,165 406,165 375,583 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 12 to 19 fonn part of these financial statements.
Omagh Early Years Centre Company Limited by Guarantee Statement of Financial Position 31 July 2023 2023 2022 Note Fixed assets Tangible fixed assets 10 27,046 19,011 Current assets Debtors Cash at bank and in hand 11 54,082 367,616 421,698 52,431 340,333 392,764 Creditors: amounts falling due within one year Net current assets 12 42,579 36,192 379,119 356,572 Total assets less current liabilities 406,165 375,583 Funds of the charity Unrestricted funds 406,165 375,583 Total charity funds 406,165 375,583 These 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 13 November 2023, and are signed on behalf of the board by.. Mr Clive Trustee Dr Louise O'Hare Trustee The notes on pages 12 to 19 fom part of these financial ststements. 10-
Omagh Early Years Centre Company Limited by Guarantee Statement of Cash Flows Year ended 31 July 2023 2023 2022 Cash flows from operating activities Net income 30,582 14,160 Adjustments for.. Depreciation of tangible fixed assets Other interest receivable and similar income Interest payable and similar Charges 6,662 (1,7381 1,919 4,041 (55) 2,101 Changes in.. Trade and other debtors Trade and other creditors (1,651) 6,387 42,161 1,640 5,187 Cash generated from operations 27,040 Interest paid I nterest received (1,919) 1,738 {2,101) 55 Net cash fromllused in} operating activities 41,980 25,028 Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities (14,697) (14,697> (1,684> 11,6841 Net increasel{decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 27,283 340,333 23,364 316,989 367,616 340,333 The notes on pages 12 to 19 form part of these financial statements. 11
Omagh Early Years Centre Company Limited by Guarantee Notes to the Financial Statements Year ended 31 July 2023 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 registered office is Old General Hospital, 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 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 102)) and the Companies Act 2006. Accounting 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 sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. 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 particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appea1, 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 (continuedj Year ended 31 July 2023 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 the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated 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 of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular 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 any VAT which cannot be fully recovered, and 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 a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those 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 beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets All fixed assets are initially recorded at cost. 13
Omagh Early Years Centre Company Limited by Guarantse Notes to the Financial Statements (Continued) Year ended 31 July 2023 Accounting policies (continued) 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.. Leasehold Property Fixtures & Fittings Motor Vehicles 15 % straight line 20 /0 reducing balance 20 % reducing balance Impaimient of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable 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 unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash infIows that largely independent of the cash inflows from other assets or group5 of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to 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 becames a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or paYabe including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at 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 at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 14-
Omagh Early Years Centre Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 July 2023 Accounting policies (continued) Financial instruments (continued) Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities. with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. 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 characteristics. Any reversals of impairment are recognised immediately, to 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 to defined contribution plans are recognised as an expense in the period in which the related setvice 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. Vvhen contributions are not expected to be settled wholly within 12 months of the end of the reporting date 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 required to pay not more than £5 in the event of a winding up. Voluntary income Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations 1,947 1,947 15-
Omagh Early Years Centre Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 July 2023 Voluntary income (continued) Unrestricted Funds Restricted Total Funds Funds 2023 Grants BSO Milk Subsidy Community Fund Craft Brightstart Utilities Support Grant Cash for Kids Pathway Fund Childcare Partnerships Small Grants Early YearslCRSF - Childcare Sustainability Fund COVID Job Retention Scheme Employment Grants 2,951 2,951 10,295 3,000 12,561 160 1,960 30,000 300 10,295 3,000 12,561 160 1,960 30,000 300 1,050 1,050 23,629 40,595 64,224 Unrestricted Funds Restricted Total Funds Funds 2022 Donations Donations Grants BSO Milk Subsidy Community Fund Craft Brightstart Utilities Support Grant Cash for Kids Pathway Fund Childcare Partnerships Small Grants Early YearslCRSF - Childcare Sustainability Fund COVID Job Retention Scheme Employment Grants 2,066 2,066 3,005 3,005 12,078 12,Q78 30,000 30,000 33,782 8,417 33,782 8,417 56,343 33,005 89,348 Activities for generating funds Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Childcare Fee Rent Received 768,075 5,280 768,075 5,280 656,631 5,280 656,631 5,280 773,355 773,355 661,911 661,911 16
Omagh Early Years Centre Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 July 2023 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Bank interest receivable 1,738 1,738 55 55 Net income Net income is stated after chargingl{crediting).' 2023 2022 Depreciation of tangible fixed assets 6,662 4,041 Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2023 2022 Wages and salaries Employer Gontributions to pension plans Other employee benefits 578,088 19,442 3,588 601,118 528,082 22,342 3,624 554,048 The average head count of employees during the year was 46 (2022. 47). The average number of full-time equivalent employees during the year is analysed as follows.. 2023 No. 2022 No. Number of stsff - type 1 46 47 No employee received employee benefits of more than £60,000 during the year12022= Nil). 17-
Omagh Early Years Centre Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 July 2023 10. Tangible fixed assets Land and Fixtures and build ings fittings Motor vehicles Total Cost At 1 August 2022 Additions 445,881 178,474 14,697 50,956 675,311 14,697 At 31 July 2023 Depreciation At 1 August 2022 Charge for the year At 31 July 2023 Carrying amount At 31 July 2023 At 31 July 2022 445,881 193,171 50,956 690,008 445,881 162,328 6,089 168.417 48,091 573 656,300 6,662 662,962 445,881 48.664 24,754 2,292 27,046 16,146 2,865 19,011 11. Debtors 2023 2022 Trade debtors 54,082 52,431 2023 2022 Parent Fees Brig htstart BSO Milk Subsidy 52,264 1,037 781 47,791 4,026 614 54,082 52,431 12. Creditors: amounts falling due within one year 2023 2022 Trade creditors Social security and other taxes Prepaid Childcare Fees 1,937 16,223 24.419 8,024 4,776 23,392 42,579 36,192 18
Omagh Early Years Centre Company Limited by Guarantee Notes to the Financial Statements fcontinued) Year ended 31 July 2023 13. Deferred income 2023 2022 At 1 August 2022 Amount released to income Amount deferred in year At 31 July 2023 330,241 330,241 {330,241} 1339,211> 8,970 14. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £19,44212022.' £22,342). 15. Analysis of changes in net debt At At 1 Aug 2022 Cash flows 31 Jul 2023 Cash at bank and in hand 340,333 27,283 367,616 19-