Charlty numbei,: NIC101410 Omagh Independent Advice Services Trustees, report and financial statements for the year ended 31 March 2024
Omagh Independent Advice Servlces Contents Page Legal and administrative information Trustees report Indepetthent examiners, report Statement of financial activities Balv411ce sheet Noteg to the financial statements 7-10
Omagh Independent Advice Services Legal and administrative informatlon Charity nuinber NICI01410 Registered offlce The Conjmullity Hoiise 2 Dnunragh Avenue Omagh Co Tyrone BT78 IDP 028 8224 3252 Trustees Conor Keys Bary Mcmetwnin Roddy Hackett Mary T Conway Maty Woodhead Brrol Thompson Bernard McGrath Barry McElduff Karol&na Wenta Geraldine Keys Jitn Sharkey Hazel McGuigan Accountants O'Donnell & Mellon 19121 Castle Stre¢t Omagh CO. Tyrotle BT78 IDD Bankers Ulster Ballk Hkgh Street Omagh Page I
Omagh Independent Advice Services Report of the trustees for the year ended 31 March 2024 The trustees present their report and the financial stat¢illents for tbe year ended 3 l Marcli 2024. The ttee8 who served duTillg the year and lip to the dats of this report ar¢ Conor Kcys JIM Sl{¢Y Barry Mcmenami Roddy Hackett M&ry T Conway Errol Thompson Bern&rd McGrath Marty Woodhead Karolina Wenta Geraldine Iceys Batyy McElduff Ilazel McGuigan Chaiiperson Vice Chainnan Treasurer Secretary Structur@ governance and management A volunlary nllagement committee is respOlbIe for the policy and general management of the &ffairs of the Organisation. The committee meets on a regular basis. Members of the con)mittee are elected at the Annual General Meeting. Objectives and &ctiviÉies The Organisation was established to assist and enable people lo assert their individual rights and entilletnenls through lkne provision of free, quality, illdepcndent advice Ld representation. Achievements and performance From April 2023 to March 2024, we dealt with 6,268 enquiries, represented at 31 Appeal Tribunals, dealt with debt ainounting lo £462,474.00 and oiir Work helped generate a total of £1,588,004.00 on behalf of OLET Clients. These fIgures Clearly illustrate that OIAS is tackling povety al social exclusion and making real differ¢nces to local people's lives Page 2
Omagh Independent Advice Services Report of the trustees for the year ended 31 March 2024 Statement of tISteeS, respoi)sibilities The trustees are iYsponsibl¢ for preparing the Trustees, Annual Report and the financial Statements iii accordarkee with applicable law and Ullited Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), Law applicable to charities in Northern Ii'eland reqiiires the trustees to Prepare financial statements for each financia] year which give a tLue &nd fair view of charity alld of the illcoming resources and applicalioll of i'esoui'ces of the charity for that Ye., In preparing th¢se financial statements the trustees are required to.. 8elect suitable accountillg policies alld then apply thenL consistently, observe the rnethodg and Priiiciples in the Charities 8ORP' make judgements and estimates that are reasonable alld prudent. slate whether applicable UK Accounting Standards iuve been followed, subject to any tnaterial departures disclosed and explained ill the finanoial statements., and prepar¢ the financipAI statennts on the going concern basis unless it is inappropriate to presume that the charity will continue ill operation. The trLislees are responsible for keepiiig proper &c¢ounting records wb.ich disclose with reasonable acciwacy at ]Y time the financial position of the charity and enable them to ensure that the financial statements coillply with the the Charitie8 A¢1 (Northeni Ireland) 2008 . They also responsible for SafegUdIllg the assets of tbe charity and hence lor taking reasonable stsps for the prevention and detection of fi'aud alld olheT irregularities. The tNstees have complied with th¢ du(y to have regard to the guidance issued by the C.onnnission under sectioll 4(b). This report was approved by the board 24 January 2024 and signed on its behalf by Jim Sharkey Chairman Charity nurnber .' NIC 101410 The ColnmiItY Hoiise 2 DrLttnragh Avenue Omagb Co. Tyrone Page 3
Omagh Iudependent Advice Services Independent examiner's report to the trustees on the unaudited financlal staternents of Omagh Illdepelldellt Advice Services. I report on tbe accounts of On]agh Independent Advice Services for the year ended 31 March 2024 set out on pages 2 10 io. Respective responsibilities of trustees and independent examiner As the charity's tn18tees you are responsible for the preparatioTh of the accounts in accordlce with the Charities Act (Northern Irelalld) 2008. It is my responsibility to exainine the accoiints ifftder section 65 of the Cliarities Act follow the procediwes laid down in the general Directions give by the Conrnission under section 65(9)(b) of tEL¢ Charities Act state whether palticultar m&tters have come to My attentioll. Basis of independent examiner's statement I have examined your eharity accounts as reqiiired Uler section 65 of the Charities Act aiid my examinatioii was crIed out in accordance witht the general Directions given by the Ckwity Cornmission for Northetn ITeland under section 65(9)(b) of the Charities A¢t. My examination includes a review of thg accounting records kept by the Ch'llY and d Lomparison of ttrLe accounts presented with those records. It also includes consideration of any unusual items or disclosures in tILe accounts, and seeking explanations from you as twste¢s concerning any such m&ttei's. My role is to state whether any material matte18 have CDn]e lo my attentioii giving me ciuse to believe: I, That accoiiiiting records were not kept in accoi'dance with section 63 of tbe Charitie5 Act 2. That ihe accoullts do not accord with those accounting records 3, That the ac¢ounts do not coinply with the accoLinting requirements of the Charities Act 4. That tbere is fier informatloll needed for & pIoper ldeFstandIng of the accounts to be reached. Independent examiner's statetnenl" I hav¢ cotnpleted my examination and have no Concen in rcsp¢¢t to the nmtlers (l) to (4) listed above and, in connection with followillg the Directions of the Clwity Conllnission for Norihein Ireland. I have found no tter8 Ihat require drawing to your ittention. Joe Qui F.C.C.A. Independent examiiier 19121 Castle Street OMAGH Co Tyrone BT78 IDD Page 4
Omagh Independent Advice Services Statement of financial activlties For the year ended 31 March 2024 Uni'estricted Restricted funds funds Year 2024 Year 2023 Notes Income alld endowments fro Donations and lega¢ies Charitable activities Other 400 400 177,981 1,524 658 197,285 465 177,981 1.524 Total 1,924 l77,981 179,905 198,408 Expeiiditure oll: Charitable activities Other 421 601 167,277 167,698 601 180.931 458 Total 1,022 167,277 168,299 181,389 Net income/(expenditure) 902 10,704 11,606 17,019 Reconcilation of fullds Total fiJtLds brought forward 30,964 84,688 115,652 98,633 Total funds Cgdrried forward 31,866 95,392 127,2S8 115,652 The staleinenl of financial activities includes all gains and losses in the year and tILerefoTe a separate statetnent of total recognised gains and losses has not been prepared. All of the abov¢ amounts relate to continuing activities. The notes on pages 7 to 10 form integral part of tliese fRnaneial statements. Page 5
Omagh Independent AdvAce Services Balance sheet as at 31 March 2024 2024 2023 Notes Flxed assets Tangible fkxed asset8 Current assets Debtors Bank and cash 1,801 1,832 15,640 115,444 26,297 89,509 31,084 115,806 Creditors: amounts falling due within one year io (5,627) (3,697) Iyet current assets 125,457 112,109 Total assets less current liabilities Suspense 127,258 IL3,941 1,711 Net (liabilittes)/assets 127,258 115,652 Uure8tricted incoine funds.. Restricted inconie funds 31,866 95,392 30,964 84,688 Total fullds 127,258 115,652 The financial statem¢ were approved by the trStee$ 01124 January 2024 &nd signed on its behalf by (gr Jim Sharkey Chairman Mary'l Conway Secretary The notes on page5 7 to 10 form an integraR part of these financial statemellt5. Page 6
Omagh Independent Advice Services Notes to the financlal statements for the year ended 31 March 2024 Accounting policies The principal accounting policies ar¢ sunlrllarised below, Th¢ acCOltillg policies have been applied con8istelltLy t})ughOut the year, Basis of accountillg The financial statements e prepared under the historical cost convention and in accordance witl) the Charity SORP and Charities Act (Northern Ireland) 2008 and The Clwities (Accounts and Reports Regulations (Northern Ireland) 2015. The trustees congider that ther¢ are no nterIal uncertainties about the charitys ability to continue as a going concem. 1.2. Cashflow The charity has taken advantsge of the exemption in FRSI from the requerneat to prodiice a cashflow gtatement because it is a small chanty. 1.3. In¢oming resources All incoming resources are included in the statement of fitmncial activities when the ciwity is ¢utitled to the income and the amount can be quantified with reasonable accuracy. Tlie following specific policies are applied to particular categories of income.. Voluntary income is received by way of donations and gifts and is incILed in 11 in the Statement of FInl¢La1 Actkvilies whell Teceivable. Gtfts donated for resale are included as income when they are sold. Donated a8S¢ts are InelLed al the value to the charity where this can be oiiantified and a Ihird paty is b¢aring the cost, Th¢ value of services provided by volunteers has not been included. Income from inv¢stmetLts is included in the year in which il is receivabl¢. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include pioject management. 1.4. Resources expended Expenditure is recognised on an 8c¢rual basis as a liability is InllTed. Expenditure includes any VAT which cannot be fully recovereLL and is reported as part of tbe expenditure to which it relates. Costs of chitable activities includ¢s those aclivites und¢rtaken to further the purposes of the charity and their sociated support costs. Other expendItte represents those items not f&lling into any other heading, Support costs are those nCtIOnS that assist the work of the chaTIty but do not directly undertske ch&rilable activities. Support costs include back offic¢ costs, finance) personnel, pa011 and governance costs whcih siipport the ohLrity's activities.These costs have been allo¢&ted between c08t of raising funds alld expenditure on chaTltable activities. Page 7
Omagh Independent Advice Services Notes to the financial statements for the year ended 31 March 2024 l.S. Tangible fixed assets and depreciation Tangible fixed assets Ire stated at cogt less accumulated depreciation. Depreciation is provided al r&tes calculated to Nvrite off the cost less residual value of each &ss¢t over its expected useful life, as follow5.' Plant and m&chinery FixtUTe8, ftttings and equtpment 200/, Rediicing balaiice 1.6. Deflned contribiitioll pellsioll schemes The pension costs Charged in tlie fin¢181 statellntS represent the contributÈoll payable by the charity during the Income from investments 2024 2023 Income frorn investments 1,524 465 Donations and legacies 2024 Total 2023 Total unrestricted Donations & Ciindraising 400 400 658 400 400 658 Income from ChAritable a¢tivlties Unrestrlcted Restricted lunds runds 2024 Total 2023 Total Fermartagli Onugh District Council Debt Action Welfare Refom Tribuiial Represent&tion DFC Energy Payment Donation . EldrI181llg Discretionary Support Payment Advice Nl Trainee Finan¢ial In¢lusiotL 115,876 15,843 11,812 11,200 115,876 15,843 31,812 11,200 136,429 l7,464 31,812 10,080 1,500 658 400 400 3,250 3,250 400 177,981 178.381 197,943 Page 8
Omagh Independent Advice Sei'vices Notes to Ihe fmancial statements for the year ended 31 March 2024 Expenditure on Charitable activitles Charitable ctlvities Siipport 2024 Total 2023 Total Wages and s&laries lient InSUr¢e Light and heat Staff costs - Pension costs Advertising Telephone Computer costs - FRP Repairs alld mainteiwice Travelling Accountancy Bank Charges Subscriptions - FRP Staff training Discretionary Support Scheme General 101.852 12,698 31,725 133,577 12,698 147,465 12,698 4.565 3,544 1,162 2,094 3,237 173 2,882 846 2,442 2,805 304 45 2,927 846 2,442 2,805 304 27 468 1,660 421 3,309 27 468 1,660 877 1,544 271 3,139 E62 421 3,309 3,250 3,250 2,963 2,963 132,516 35,181 167,697 180,931 Eniployees Employment costs 2024 2023 Wag¢s and salaries Pension costs 133.577 846 147,465 1,162 134,423 148,627 No employee received etnoluments of more than L60,000 (2023 . Noiie), Trustees, expenses No expenses or r¢Mun¢ration were paid to trLiSt¢¢s during the year. Page 9
Omagh Independent Advice Services Notes to the financial statements for the year ended 31 March 2024 Fixthre Plant and fittlngs achlnery equipment Tangible fixed assets Total Cost At l April 2023 Addition8 1,765 20,890 570 22,655 570 At 31 March 2024 1,765 21,460 23,225 Depreclation At l April 2023 Charge for the yeai" 1,765 19,058 601 20,823 601 At 31 March 2024 1,765 19,659 21,424 Net book values At 31 mch 2J24 1,801 1,801 At 31 March 2023 1,832 1,832 Debtors 2024 2023 FODC Welfare iEfonn Debt Action 10,258 4.301 1.081 20,795 3,181 2,32 15,640 26,297 10. Creditors: amounts falling due ithin o]Je year 2024 2023 Bank Overd]'aft. Taxes and social security creditor Acc&16 and deferred income 1,516 2,523 1,588 301 264 3,132 5,627 3,697 11. Indemnity 1115uran¢e The charity paid for the insurance premiums to indemnify trLislees and B¢nior staff from 2Y loss arising ftom neglect or defaults of trustees or staff and any consequeTht loss. Page 10