Omagh Early Years Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) Year ended 31 July 2023 The Iruslees, who are also the directors for the purposes of company law. present their report and the financial statements of the charty for the year ended 31 Juty 2023 Reference and adminlstrative details Registered charity name Omagh Early Years Centre NIC100477 Charity registrdtion number Company registration number N1036590 Principal officè and registered Old General Hospital office Woodside Avenue Co. Tyrone BT79 7BP The trustees Ross Buchanon Kevin Conway Colette Cory Catherine McElholm Mr Clive Beatty Dr Louise O'Hare (Appointed 12 February 20231 (Appointed 12 February 20231 Company secretary Joanne Cury Auditor SP Mccaffrey & Co Chartered accountants & statutory auditor 50 Campsie Road Omagh Co Tyrone BT79 OAG Structure, govemance and management Governing Document Omagh Early Years centre is a company limited by guarantee IRegistered N10365901 and does not have a share Capital. The Company is govemed by ils Memoranclum of Articles of AssocialiDn. The Company is recognised as a charity by Nl Charities Commission. Princlpal Activlty The principal activity of the company is the provision of community, caring and educational services for young children. including those with special nee(Is, and their families in Omagh and the surrounding area5.
Omagh Early Years Centre Company Limitsd by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {c¢tIn Year ended 31 July 2023 Objectives and activlties Objectives and Activitles The Company's obiecbves are specifically reslricled lo the advancement of education and the development of children and young people under the age of 14 Ihereinafter called the beneficiaries'} resident in the Omagh area and its environ5 In particular bul not exclusively Ihereinafter called the 'area of benefil'l through the encouragement of parents and guardiansIcars in the understanding of the proviso for the needs of such children through community groups wilhoul distinction of age, gender, sexual orientation. nationality, ethnic identity. political or religious opinion, by associating the slalulory authorities, community and voluntary organisalions and the inhabilanls in a common effort to advance education and lo provide facilities In the interest of social welfare for recreation or other leisure lime occupation. with the object of improving the Conditn$ of life for Ihe inhabilanls in particular. We have referred to the guidance contained in the charity commissions general guidance on public benefit when VIewIng our aims and objectNes and in the planning out future aclivilies. Achievements and performance Rovlew of the Buslne$$ Omagh Early Years Centre is a non-profit making wilh the net surplus of £30,582 for the yeai. There wa5 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 Poli¢y The Directors of Omagh Eaily Years Centre have sel a reserves policy which requires that reserves be maintained al a level which enstjres that the company's core activity could continue during a period of unforeseen difficulty. The d1ClorS aspife that the Company should hold in Reserves an amount not less than £391.500 in an effort lo minimise the risks identified lo the company. Flnancial revlew Omagh Early Yeats Gent is a non-profit making charity with net incoming resources of £30,582 for the year There was c8Pital 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 ol resources.
Omagh Early Years Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (¢onUnu8dJ Year ended 31 July 2023 Plans for future periods The Board are lookj'ng lo take opportunibes lo increase sustainability in the future. Trustees, responsibllitles statement The trustees. who are also directors for the purKoses of company law, are responsible for pparIng the InJslees' report and the financial slalemenls in accordance with applicable law and United Kingdom Acoounlin9 Standards Iuniled Kingdom Generalty Accepted Accounting Practice} Company law requires the charity Iruslees lo prepare financial stalemenls for each year which give a true and lair view of the slate of affairs of the charitable company and the incoming resources and application of resources, including the income and expendrture, for that period. In preparing these financial statements, the trustees are required lo.. 5ele¢l suitable accounting policies and then apply them nsIStentIY.' observe the methods and principles in the applicable Charities SORP.. make judgments and accounting eslimales that are reasonable and pnJdenL prepare the financial statements on the going ¢on¢em 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 Ir8nsaclions and disclose with reasonable 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 ¢hartty and hence for taking reasonable steps for the prevention and detection of ftaud and other irregularities. Auditor Each of the persons who is a Injslee at the dale of approval of this report confinns that". so far as they are aware. there is no relevant audit infomalion of which the charrty's auditor is unaware,. and they have taken all steps Ihal they ought lo have taken as a trustee lo make themselves aware of any relevant audit inlomiats.on and lo estsblish that the charity's auditor is aware of that information. The auditor is deemed lo 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) (conllnuedj Year ended 31 July 2023 Small company provislons This report ha5 been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The Iruslees, annual report was approved on 13 November 2023 and signed on behalf of the board of Iruslees by.. Mr Clive Beatty Trustee Dr Louise O'Ha Tiuslee