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
be￿een 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 paYab￿e 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-