Charity number: NIC101410 Omagh Independent Advice Servlces Trustees, report and fmancial statements for the year ended 31 March 2025
Omagh Illdependent Advice Services Contents Page L¢gal and administrative infonnation Tnistees Teport Independent ¢xaminers' repoit Ststement of financial activities Balance sheet Not'es to the financial statements 7-10
Omagh Independent Advice Services Legal and adminlstratlve Informatlon Charity number NIC101410 Registered offlce The Community House 2 Dnunragli Avenue Ornagh Co Tyrone BT78 IDP 028 8224 3252 Trustees Conor Iceys Bany Mcmenamin Roddy Haclcelt Mary T Conway Maty Woodb¢ad En'ol Thompson Bernard McGr8th BatTy McEldiiff K01]na Wellta Geraldine Keys Jim Sharkey Hazel McGIiiBan Joe Lyndsay Accountant5 O'Donnell & Mellon 19121 Caslle Street Omagh CO. Tyrone BT78 IDD Bankers Ulster Bunlc Higb Sts-eet Omagh Page I
Omagh Independent Advice Services Report of the trustees for the year ended 31 March 2025 The trLL8tees pr¢s¢nt their report and th¢ finallcial st&t¢ments for the y¢8r ended 31 March 2025. The trustees who served during the year and up to the date of this report are Conor Keys Jim Sharkey Barry Mcmenamin Roddy Haokett Mary T Coiiway Errol Thompsoll Bernard McGrath Marty Woodhead l(arolin& Wenta G¢Taldine ICey8 Barry McElduff Hazel MGGuigan Joe L]dSaY CbairpeLson Vice Chairman Treasurer Secretary Appointed 2510112025 Strueture9 goyernance and managenjent A voluntary n]anagemellt conllnittee is responsible for the policy and general management ot th¢ affairs of the Organisation. The committee meets on a regular basis. Members of tlie committee ale elected at the Annual General Meeting. Objectives and activities The Organisation was established lo assist and enable people to assert Ilieir individiial rights and entitlements througli the provision of free, qualtty, indepaident advice and repL'esentation. Achievements and performance From April 2024 to March 2025, we dealt with 6,450 enquiries, represented at 38 Social Security Appeal Tribunals and 3 Industrial Tributydls, dLalt wilh debt amounting to £458,452.00 and our work FLelped geiieryAte L totil of £1,588,004.00 on behalf of our clieiits. These figures clearly illustrate that OIAS is tackling poverty and social exclusion and malciiig real differences to local pcople's lives. Pvdge 2
Omagh Illdependent Advice Services Report of the trustees ror the year ended 31 March 2025 Statement of trustees, responsibilities The trustees are responsible for pieparing the Trustees, Annual Report aiid the financial statements in a¢¢ordance with applicable law ]d United Kingdom Accounting statards (United Kingdon] Generally Accepted Accounting Practice). law applicable to chaiilies in Northel'n Ireland requires the tnteeS to prepare finanGia] statements for each financial year which give a tTue ]d fair view of Charity and of the incoming resources and application of resources of th¢ charity for that year. In prepai'ing these financial staten]ents the trlte¢S are required to: select suitable accounting policies and then apply them consistently., observe the rnethods and prill¢iples in the Charities SORP. make judgements and estimafrs that are reasonable and prud¢nt" st&te whethei. applicable UIC Accounliiig Stajdards have been followed, subjeKt to any material departUTes disclosed and explained in the financial 8tstemeiit8' and prepare tlie finwicial statements on the going Concern basis wiless it is inappropi'iate to presuine tliat the charity will continiie in operation. The tSteeS are responsible for keeping piDper accou1itii records which disclose with reasonable accuray at any time the finatteial position of the ChltY and enable th¢Jn to ensiw¢ that the fmancial stat¢m¢ots ¢omply with the the Charities Act (Northern Ile1]d) 2008 . They are s0 responsible for safeguarding tb¢ a8sel8 of the charity aiid hence for talcillg reasonable Steps foi. the piEvention and detect'ion of fraud and oiber irregLilarities. Tbe knistses have COLiiplied with the duty lo have reg2tTd to the guidance issued by the ConMni8sAon under s¢Gtioll 4(b)- This report was ap ved by the board 28 January 2026 and signed on its behalf by Jim Sharkey Chairman Charity llumber .' NIC I01410 The Conllnunity House 2 Drumragh Avenue Omagh Co. Tyrone Page 3
Omagh Independent Advice Services Independent examiner's report to the trustees on the unaudited financial statements of Omagh Independent Advice Services. I report oil the CouNts of Onyagh Indepeftdent Advice Services for the year ended 31 March 2025 s¢1 out on p&g¢s 2 to io. Respective responsibilities of trustee8 and independent examlner As the charitgs ts'ustees yo)u are responsible for the preparatloll of the accounts in accordan¢¢ with the Charities Act INorlhern Treland) 2008. It is my i'esponsibility to - examine the accounts linder section 65 of the Chariti¢s Avt follow th¢ pro¢¢dur¢s laid dowii in the general Directions give by the Conuni8sion under section 65(9)(b) of the Charittes Act st'ate wbelli¢r particiiltai. matters have come to ]ny attention. Basis of independent examiner s st&teAnent I have extllnined your charity accolillts as required under section 65 of the Cliarities Act and my examination was caTiied out in a¢cordanGe witht the general Directions gkven by the Charity Conmiis8ion for NortELern Ireland iilldeT sectio 65(9)(b} of the Clwities Act. My ex&mination includeg a review of the ao¢ouftting records kept by the charity and a comparison of the R¢¢ounts presented with those record8. It also incliides consideration of any imiisual items or disclosures in the accoiints, and seeking eioplanatious fi-om you a8 trLiStees concerning any siich matters. My role is to slate wliether any material inatters have come to my att'ention giving me cause ¢0 believ¢: l. That accounting records were llot kept in aOrd9nCe wtth section 63 of the Charities Act 2. That the accounts do not accord with those accoimting records 3. That the accounts do not Comply with tb¢ a¢countiug requiremeiits of the Chai'ities Act 4. That there is further intormation tteeded for a proper undersl'anding of the acColt8 to be reached. Independent examiner's statetllent I bavL complL*ted my CXkunlttioll and have no corLc¢rns in i'especL to the malters (l) lo (4) listed above in conn¢¢tion witl] following tb¢ Direclions ofthe Charily ComtLii58ion for Noitlierll Irelalld, I have found no matters tliat re4UiTe drawing to your atteiition. Joe Qu F.C.C.A. Independent examiner 19121 Castle Street OMAGH Co Tyrone BT78 IDD Page 4
Omagh Independent Adce Services Statement of financial activities For the year ended 31 March 2025 Unrestrleted Restrlcted funds fund$ Year Year 2024 2025 Notes Income and endowments from Donations and legaci Cbaritable activities Other 400 177,981 1,524 189,637 189,637 1,740 1,740 Total 1,740 189,637 191,377 179,905 Expenditure on: Charitable activities Other 232 450 178,973 179,205 450 167,698 601 Total 682 178,973 179,655 168,299 Net incomel(expenditure) 1,058 10,664 11,722 11,606 ReconL'ilation of fundg Total fiinds brought forwaTd 31,866 95,392 127,258 115,652 Total funds Carried forward 32,924 106.056 138,980 127,258 The slaleinenl of fiDanGial activities inGludes all gains and losses in thL year aiid therefore a scparate statemcnt of total rccognised g&ins and losses ha8 not becn prbpared. All of the above amounts relate to coiitinuing activities. The notes on pages 7 to 10 form an integral part of these fjnan¢iAI statemellts. Page 5
Omagh Independent Advice Services Balance sheet as at 31 March 2025 2025 2024 Notes Fixed assets Taiigible fixed assets Current assets Debtors Bank and ¢&sh 1,351 1,801 15,112 126.714 15,640 115,444 141,826 131,084 Creditors: amounts falling due within one year io (4,197) (S,627) Net Cllrrent assets 137,629 125,457 Net Oiabiiities)/assets 138,980 127,258 Funds Umestricted income funds: RestricEd income funds 32,924 106,056 31,866 95,392 Total fund5 138,980 127,258 cial state wei'e approved by the tLwt¢¢s on 28 Jalliwy 2026 and signed on it8 b¢haLf by Jim Sharkey Chairman T Conway Secretary Th¢ notes on pages 7 to 10 forin integrAI part of these finAncial statements. Page 6
Omagh Indepeiident Advice Services Notes to the financial statemellts for the year ended 31 March 2025 Accounting policies The principal accounting policies are siinm]arised below. The a¢¢oiinting policie8 have been applied consistently throughoiit the year. Basls of aecountlng The fiiiancial slatemeiits are prepared uiider the historical cost Conventioii and in accordance wlth the Ch8rity SORP and Cbarities Act (Northern Ireland) 2008 and The Charities (Accounts and Reports R¢gulations (Nortbern Ireland) 2015. The trusÉ8es consider tlut thei'e are no material uncei'tainties about Ihe charity's ability lo ¢ontinu¢ as a going conceim. 1.2. Cashflow The charity has tak¢tL advantage of the exemption in FRSI from the requirernent to produce a casIOW statement because it is a Sm1 charity. 1.3. Ineomillg resources All Incolllg resourccs are included in the statsment ot. financial tiVitieS wl)eLI the charity is enlitl¢d to tl)e income and the amount can be quantified with reasonable a¢Giwacy, The following specific policies are applied to patti¢ul&r categories of in¢oirJe'. Voluntary income is received by way of donutions and gths aiid is ill¢ludod in fidl iu the St&t¢inent of Financial ActivitlFs wheii rer¢ivable, Gift8 donated for resale are included as income when they ale sold. Donat¢d assets ale included at the value to the charity wh¢r¢ call be quantifled and a third party 18 bearing the cost. The value of 8ervices provided by volunteers has llot been incliided. Iiicome from llivestmenlE is included in tlie year in which it is receivable. Support costs aLE thos¢ costq incutted directly in suppoit of expenditLwe on the objects of the charity ]d incliidt pi'oject management. 1.4. Resources expended Expendire is recogLiised on an accrual basis as u liability is incurred. Expenditui'e includes any VAT which cannot be fully recovered, and is i'eported as part of th¢ expenditur¢ to which it rel&tes. Costs of charitable activities includes those activiles undertaketL to furtELer tbe purpose8 of the charity and their associated support costs. Other expenditllre repTescnts those iteins llot falling into any other heading, Support costs aTe tl)ose fiinGtions tliat assist the work ot thc charity but dci not direclly underlake ch'Itable activities. Support cost8 include b&ck office costs, finance, p¢rsoi]n¢l, paiToII and govemaiTrce costg whcÈh SUPPDrt the charitys activities,Thes¢ Costs li&ve been allocated betwecn cost of iaising funds and expenditure on charitable activities. Page 7
Omagh Independent Advice Services Notes to the fmancial statements for the year ended 31 March 2025 1.5. Tangible fixed assets and depreciation Tangible fixed assets are stated at C08t le85 accurniilated depreciation. DcpreGiatioJ is provided at rates calciflated to WTlte off the cose less residual valiie of cach asset over its expected use1 life, as follows.. Plant and macbinery FixtLires, fittings and eqiiipment 200/0 RedLi¢ing balallce 1.6. Deflned contribution pension schemes The pension costs charged in Ibe fillancial statejnellts represent the cont'ribution payable by the ch&rity during the Income from investments 2025 2024 Income fron) investments 1,740 1,524 Donadons and legacies 2025 Total 2024 Total unrestrioted Donations & funth'&ising 400 400 Income from Charitable activities Restrleted rullds 2025 Total 2024 Total Fernngh Ornagh District Council Debt Actioii WelfaTe Reform Tribun&L Representation DFC Energy Payment Discirtionary SuppoTt Payment Advice Nl Trainee Financial Inclusion 133,365 9,041 35,323 11,908 133,365 9,041 35,323 11,908 115,876 15,843 31,812 11,200 3,250 189,637 189,637 177,981 Page 8
Omagh Independent Advice Services Note8 to the financial statements for the year ended 31 March 2025 Expenditure on Charltable activities Charitabl¢ aetivities Support ¢osts 2025 Total 2024 TotAI Wages and salaries Rent Insurance Light and heat Staff costs - Pension costs Advertising &nd statioiiay Telephone Con]puler c08ts- FRP Repairs and Mainten]ce Travelling AccoUntkcY Ballk Charges Subscriptions- FRP Staff training Disci'etioiury Support Scheine G¢nei&l 104,374 l2,698 2,867 3,263 167 1,703 3,769 209 41,267 145,641 12,698 2,867 3,263 167 1,703 3,769 329 133,577 12,698 2,927 846 2,442 2,805 304 27 468 1.660 421 3,309 l20 596 1,720 596 1,720 232 4,975 60 232 4,975 60 3,250 2,964 1,185 1,185 136,401 42,804 179,205 167,698 Employees Employment costs 2025 2024 Wages and salaLies Pension costs 145,641 167 133,577 846 145,808 134,423 No eJnpLoyee received emolumcnts of more tlun £60,000 {2024 .. None}. Trustees, expenses No expense8 or retniineration wgrc paid to tnLe¢S diiring the yLar. Page 9
Omagh Independent Advlce Services Notes to the financlal statements for the year ended 31 March 2025 Flxtur¢s, Plant and flttlngs and machinery equlpment Tangible red assets Total Cost At l April 2024 and At 31 Marcb 2025 I,765 21,460 23,225 Depreciation At l April 2024 Ch&ge for the yeai. At 31 March 2025 1,765 19,659 450 21.424 450 1,765 20,109 21,874 Net boolc values At 31 LWIarcli 2025 1,351 1,351 At 31 March 2024 1,801 1,801 Debtors 2025 2024 FODC Welfare refoijn Debi Action Otber Debtors 10,259 4,573 10,258 4,301 1,081 280 15,112 15,640 io. Creditors: amounts fulling due withln one year 2025 2024 Bank Overdraft Taxes and social security creditor Aeciuals and defted incon)e 3,196 {587) 1,588 2,523 1,588 4,197 5,627 ii. Indemlllty insurance The clurity pdid for the insui'aiice premiiims tr> IndenlfY tnjstees and senior staff fiom ally 108s arising froin neglect or defaults ot'trustees or slaff and any Conseqlnt loss. Page 10