Charity number: NIC101410 Omagh Independent Advice Services Trustees, report and financial statements for the year ended 31 March 2023
Omagh Independent Advice Services Contents Page Legal and adrninistrative information TN5tres r¢porL Independent exallllners, report StaLemenl of finaTLcial activitie8 Balance sheet Notes to the financial statements 7.10
Omagh Independent Advice Services Legal and administrative inforn)ation Charity number NIC101410 Registered office The Community House 2 Drnmragh Aveiiue Omagh Co Tyrone BT78 IDP 028 8224 3252 Trustees Conor Keys Barry Mcmellamin Roddy Hackett Mary T Conway Marty Woodkiead Eryol Thompson Mary Garyity Barry McElduff Karolina Wenta Geraldine Keys Jim Sharkey Hazel McGuigan Accountants ODonnell & Mellon 19121 Castle Street Omagh CO. Tyrone BT78 IDD Bankers Ulster Bank High Street Omagh Page I
OmAgh Independent Advice Services Report of the trnstees for the year ended 31 March 2023 The trustees present their report alld the financial staLenntS for the year ended 31 March 2023. The trustees who served during the yeaT and up to the date of tE]is report are Conor Keys Jitn Sharkey Barry Mcmenarllin Roddy Hackett Mary T Conway Errol Thompson Mary Ga2Tity Maty Woodhead. Karolina Wenta Geraldine Keys Batry McElduff Hazel McGuigan Cbairpersoj) Vice Chairman Treagurer Secrelary Structur4 governance and management A voluntary management committee is responsible for the policy and genernl management of the affai of the Organisation. The COATnIttee meets on a regular basis. Members of the committ¢e are elected at the Annual General Meeting, Objectives and activities Tbe Organisation was established tQ Telieve poverty and advance education in Oinagh and the surrounding district aiid iii pariicular to provide welfue rights advAce, information and assistance for people of necLSSitous circuiii8tances. Achievements and perforni&nce From April 2022 to March 2023, we dec11t with 7,077 enquirics, represented at 63 Appeal Tribunals, dealt with debt amounting io £983,047.00 and our work helped generate a total of £1,854,944.00 on bchalf of our clients. These figures clearly illustrate tli<11 OIAS is tdckLing poverty alld social exclusion and making real diffeTeDces lo local peoplc's live8 Page 2
Ollgh Independent Advice Services Report of the trustees for the year ended 31 March 2023 Statement of trustees, responsibilities The trustees are responsible t'or preparing the Trustees, Annual Report and the financial StatellntS in a¢¢oidatLce with applicable law and United Kingdom Accounting Standards (United Ktngdom Generally Accepted A¢¢ounting PracLice). applicable lo chltieS in Northern Ireland requires the trustees to prepare financial slaternents for eacli linancial year which give a true and fair view of charity and of the incoming resources and applicauon of resources ol the charity for that year. In prepariTig these financial statements the trustees aTe required to: select suitable accounling policies and then apply them consislenily. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prnd¢nt' state whether applicable UK Ac¢ounling Standards have been followed, sllbje¢t to any material deparmres dis'closed and explained in the fjnancial statements. and prepare the financial statements on the goillg concern basis unless it is inappropriate lo presurne (hat the charity will continue in operation. The trustees are responsible for keepiug proper accounting records which disclose with reasonable aeeuracy at any time the financial position of the charlly and enable to ensure that the fLn&ncial statements comply with the the Charities Act (Northerll Ireland) 2008 . They are also responsible for safeguarding Ihe assets of the eIritY and hence for taking re&£onable step8 for the Prevention and detection of fraud and Oth IegUlarlties. The Iruslees bave complied with the duty lo have reg&d lo tbe guidance issued by the Commission linder section 4(b). This report was approved by the board 25 January 2024 and signed on its behalf by Jim Shar Chairman ChariLy nwnber .' NIC 101410 The Community HoLise 2 Druntragh Avenue Omagh Co. Tyrone Page 3
Omagh Independent Advice Services Illdependent examiner's report to the trustees on the unaudited financial statements of Omagh Independent Advice Seryices. I report on the accounts of Omagh Independent Advice Services for the year ended 31 March ?023 set out on pages 2 to Respective responsibilities of trustees and independent examiner As the charity's trustees you ai'¢ responsible for the preparation of the accounts in accordance with the Charili¢S Act (Northern Ireland) 2008. It is my responsibility to - exarrtille the accounts under section 65 of the Charities Act - follow the procedures laid down in the general Dire¢tions give by tbe Commission under Section 65(9)(b) of Ibe Charities Act stale whether partieiiltar matters have come to my atlEntion. Basis of independent examiner's statement I have examined your clwity accounts as required under section 65 of the Charities Act and my exallation was earried out in accordance withi the genth'al Directions given by the Charity Commission for Northern Ireland under sertion 65(9)(b) of the Charities Act. My examination includ¢s a review of the accounting records kept by the charity and a comparigon of Ibe a¢¢ouni$ presented with tknose records. It also in¢ludes consideration of any LilluSL1 items or disclosures in the accounts, and seeking explallations from you as liuslees concerning any such matters. My role is to .8late whether any material matter8 have come to my attention giving me cause to believe,. l. That aecounting rec'dS were not kept in ac¢ordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not conwly with the accounting requirements of the Charitie5 Act 4. That there further inforn]ation necded for a proper understanding ot the accounls Lo be itached, Independent examiner's statement I h&ve completed my exan]ination and Iiav¢ no coi)cerns in respect to th¢ mattrs (l) to (4) listed above and, in connection with following the Directions of the Charity CornlSsion for Northern Iieland, I hdve tound no rnatte Ihal require drawing ¢0 yoiir attention. JoeQ F.C.C.A. Independent examiner 19121 Castle Street OMAGH Co Tyrone BT78 IDD Page 4
Omagh Independent Advice Services Statement of finallcial activities For the year ended 31 March 2023 Unrestricted Restricted funds funds Year 2022 2023 Notes Income and endowments from Donations and legacies Charitable activities Other 658 658 197,285 465 150 218,690 197,285 465 Total 1,123 197,285 198,408 218,846 Expenditure on: Clwitable activitie8 Other 589 458 180,342 180,931 458 199,147 572 Total 1,047 180,342 181,389 199,719 Net incomel(expendiÉure) 76 16,943 17,019 19.127 Reconcilation of funds Total funds brought forward 67,745 98,633 79,506 Total funds carried forward 30,964 84,688 115,652 98,633 Tht statement of fmaDci411 iictivities includes all gairks and los&es in the year alld thLrefore a sep<if1c le statment of totul recognised gains and losses has not been prepared. All of the above amoullts relafr lo continuiiig activities, The notes on pages 7 to 10 form an integral part of these financAal statements. Page 5
Omagh Independent Advice Services Balance sheet as at 31 March 2023 2023 2022 Notes Fixed aets Tangible fixed assefs Current assets Debtors Bank and ca8h 1,832 2,290 26,297 89,509 62,531 41,965 115,806 104,496 Creditors: ajnounts falling due within one year io (3,6971 (8,153) Net Current assets 112,109 96,343 Totsl assets less current liabilities Suspense 113,941 1.711 98,633 Net (liabilities)lassets 115,652 98,633 Funds Unrestricted illcome tunds- Restricted income fiind& 30,964 84,688 30,888 67,745 Total funds 115,652 98,633 The fine11 staternenls weTe approved by the trustees on 25 January 2024 and signed on ils behall by Ji]n Sharkey Chairnian Mary T Conway Secretary The notes on pages 7 to 10 form an integral part of these financial statements. Page 6
Omagh Independent Advice Services Notes to the finAncial statements for the year ellded 31 March 2023 Accountlng policles The principal accouuting policie8 are SUMMSed below. The accountillg policies have been applied consistently throughout the year. 1.1.. Basis of accounting The financial statements are prepared under the bistorical cost convention and in accordanc¢ with the Charity SORP and Charilies Act (NoTthern Ireland) 2008 and The Charities {A¢¢ounts and Reports Regulations (Nortliern Ireland) 2015. The trustee8 con8ider that there are no rnaterial uncertainties about the charity's ability lo continiie as a going concern. 1.2. Cashflow The charity has laken &dvantage of the exenjption in FRS I from the i'equirernent to produce a cashflow stalernent because it is a small Charity. 1.3. Inconjing resources All incoming resources are included in the slalemenl of financial activities when the chlty is entitled to the income and the amount Can be quantitied WAth reasonable accuracy. The following specific policies are applied to particular categories of income.. Voluntary income is received by way of donations and gifts and is included in ftill in the Statement of Finallcial Activities when receivable. Gitts donated for re8ale are included as incorne when they are sold. Donated assets are included at Ihc value to the charity where this can be quanttfied and a third piTrrty is bearing the e08t. The vallle of services provided by volunieers has not been ineluded. Income from inve,stmenls is included in the year in which it is receivable. Support costs are those costs lnclled direcdy in support of expenditure on the objects ol the charity and include project management. 1.4. Resources expended Expenditure is recognised on an accrLthI basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part ol the expenditure to wbich IL relates. Costs of charitable activities includes those activites undertakttll lo further the purposes of the charity their associated support Costs. Other expenditure represeiity Ihoye items not fdlling into any other heading. Siipport costs are those fun¢lioi)s that assist tILe work of the charity but. do not directly undertake charitAble activities. Support costs include back office costs, finance, pei'sonnel, payroll and governance costs whcih support the charity's aciivilies.These costs have been allocated between cost of raiging fundg And expenditure on charitable activities. Pag¢ 7
Omagh Independent Advice Services Notes to the financial statements for the year ended 31 March 2023 1.5. Tangible lixed assets and depreelation Tangible fixed assers are staled al cost less accumulated depreciation. Depreciation is provided at rate5 calculated to write orf the cost less residual value of each asset over its expected useful life, as follows: Plant and machinery Fixtures. fittings ¢tnd equipment 20% Reducing bal&nce 1.6. Defined contributlon penslon schemes The pension costs charged in the fll)aiicial 8talenTrnts tepresent the contribiition payable by (he charity duriiig the Income from investments 2023 2022 Income trom investrnenfs 465 Donations and legacies 2023 Total 2022 Total unrestricted Donations & fundraising 658 658 150 658 658 150 Income from Charitable activities Unrestrlcted Restricted funds funds 2023 Total 2022 Total Fern]anagh Ornagli Dislrict Council Debt Action Welfare Reform Tributtal Representhtion DFC Energy Payment Donation - Fundraising Advice Nl Tratnee Financial Inclusion 136,429 17,464 31,812 10,080 1,500 136,429 17,464 31,812 io,oso 1,500 658 120,692 25,752 32,190 11,200 658 150 13,435 658 197,285 197,943 203.419 Page 8
Omagh Independent Advice Services Notes to the financial staten)ents for the year ended 31 March 2023 Expenditure on Charltable actlvlties Charltable activities Support costs 2023 Total 2022 Total Wages and salaries Rent Information Insurance Light and heat Staff costs - Pension costs Advertising Telephone Computer costs - FRP COVID Expen8es- FRP Travelling Accountancy Bank Charges Subscriptions - FRP Staff tratning EqUIpJt General 113,803 12,698 33,662 147,465 12,698 165.544 12,699 4.,535 3,544 1,162 2,094 3,237 173 30 4,565 3,544 1,162 2,094 3,237 173 2,069 2.046 L70 3,007 2.684 183 877 1,544 877 1.123 1,624 277 5,849 324 271 288 162 271 3,139 162 2,851 1,181 146,518 34,413 180,933 198,780 Employe Employment Costs 2023 2022 Wage8 and salaries Pension costs 147,465 1,162 165,544 170 148,627 165,714 No LmploycL received emoluments of more thdn £60,000 (2022 .. None). Trustees, expenses No expenses or remuneration were paid to trustees during the year. Page 9
Omagh Independent Advice Services Notes to the financial ststements for the year ended 31 March 2023 Fixtures, Plant and fittings and mgchinery equlpment Tanglble llxed assets Totsl Cost At l April 2022 and AL 31 March 2023 1,765 20,890 22.655 Depreciation At l April 2022 Charge tor the year 1,765 18,600 458 20,365 458 At 31 March 2023 1,765 19,058 20,823 Net book values At 31 March 2023 1,832 1,832 At 31 Mar¢L] 2022 2,290 2,290 Debtors 2023 2022 FODC Welfare reform Debt Action Tribunal Representation Financial Inclusion 20,795 3,181 2,321 39,441 5,403 8,325 1,120 8,242 26,297 62,531 10. Credltors: amounts falling due within one year 2023 2022 Bank Ova'draft Taxes and 80cial security creditor Accruals and defcrred income 301 6,498 67 1,588 3,132 3,697 8,153 11. Indemnlty insurance The charity paid for the insurance premiums to indemnify triislees and senior staff fro]n any loss arising from neglect or default8 of trustees or staff and consequent10sS. Page 10