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 t￿￿tee8 who served
duTillg the year and lip to the dats of this report ar¢
Conor Kcys
JIM S￿l{¢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 n￿llagement committee is respO￿lbIe 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 L￿d 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 tI￿SteeS, 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 staten￿nts 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 SafegU￿dIllg 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 Colnmi￿ItY 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 accord￿lce 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 Ul￿er section 65 of the Charities Act aiid my examinatioii was c￿rIed
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 fi￿er informatloll needed for & pIoper l￿deFstandIng 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 tr￿Stee$ 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¢ acCO￿ltillg 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 n￿terIal 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 requ￿erneat 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 incIL￿ed in ￿11 in the Statement of FIn￿l¢La1
Actkvilies whell Teceivable. Gtfts donated for resale are included as income when they are sold. Donated a8S¢ts
are InelL￿ed 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 In￿llTed. Expenditure includes any VAT which
cannot be fully recovereLL and is reported as part of tbe expenditure to which it relates.
Costs of ch￿itable activities includ¢s those aclivites und¢rtaken to further the purposes of the charity and their
sociated support costs.
Other expendItt￿e 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, pa￿011 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 statell￿ntS 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 . El￿drI181llg
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 m￿ch 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 2￿Y loss arising ftom
neglect or defaults of trustees or staff and any consequeTht loss.
Page 10