Omagh Community House IA company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 30 April 2023 Unrestricted Restricted Funds Funds 2023 2023 Totsl Unreslricted RestriGled Funds Funds Funds 2023 2022 2022 Total Funds 2022 Notes Incoming Resources Voluntary Income Charitable activities Grants from governments and other co-funders Activities for generating funds Other income 630 630 12,490 121,379 133,869 825 86.633 87,458 104,721 104.721 74,851 74,851 44,965 44,965 10,000 42,684 52.684 Total incoming resources 117,841 166,344 284,185 85,676 129,317 214,993 Resources Expended Charitable a¢livities Other expenditure 141,904 108,936 44,965 250,840 44,965 117,558 65,909 42,684 183.467 42,684 Total Resources Expended 141,904 153,901 295,805 117,558 108.593 226,151 Net Incomlngloutgoing resources before transfers 124,063) 12,443 (11,6201 {31,882} 20,724 (11,158) Gross transfers between funds Net movement in funds for the financial year 124,063} 12,443 {11,6201 {31,882} 20,724 (11,158) Reconciliation of funds: Total funds beginning of the year 16 30,683 20,724 51,407 62,565 62,565 Total funds at the end of the year 6,620 33,167 39,787 30,683 20.724 51,407 The Statemenl of Financial Activities includes all gains and losses recognlsed in the financial year. All income and expenditure relate lo Gonlinuing aclivilies. The notes on pages 13 19 18 form part of the financial slalemenls
Omagh Community House IA ¢ompany limited by guarantee, not having a share capital) SUMMARY INCOME AND EXPENDITURE ACCOUNT for the financial year ended 30 April 2023 ststement of Financial Activities 2023 2022 Gross income Unrestricted funds Restricted funds 117,841 166,344 284,185 214,993 Total income Total expenditure 284,185 {295,805) 214,993 (226.151) Net incomèllexpenditure) (11.620) (11,158) The company has no recognised gains or losses other than the results for the financial year. The results for the financial year have been calculated on the historical cost basis. The notes on pages 13 10 18 form part of the financial slalements 10
Omagh Community House IA Company limited by guarantee, not having a share capital) Company Number.. N1036069 BALANCE SHEET as at 30 April 2023 2023 2022 Notes Fixed Assets Tangible assets 10 1,661,207 1,702,962 Current Assets Debtors Cash at bank and in hand 11 58,159 11,717 53,221 8,558 69.876 61,779 Creditors: Amounts falling due within one year 12 192,100) (87,489) Net Current Liabilities {22,224) (25,710) Totsl Assets less Current Liabilities 1,638,983 1,677.252 Creditors Amounts falling due after more than one year 13 (479,980} {479,980) Grants receivable 14 11,119,216} {1,145,865) Total Net Assets 39.787 51,407 Funds Restricted trust funds General fLtnd {unrestricled> 33,167 6,620 20,724 30,683 Total funds 16 39,787 51,407 The notes on pages 13 10 18 form part of the financial statements 11
Omagh Community House IA company limited by guarantee, not having a share capital) Company Number= N1036069 BALANCE SHEET as at 30 April 2023 These financial statemen15 have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. For the financial year ended 30 April 2023 the company was entilled to exemption from audit under Section 477 of the Companies AGI 2006-, and no nolice has been deposited under section 476. The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companiés Act 2006. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the stale of affairs of the company as at the end of the financial year and of ils profil and105s for the financial year in accordance with the requiremenls of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicablè to the company. The financial ststements have been prepared in accordance wilh the provisions applicable to companies subject lo the small companies, regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Standard. Approved by the Board of Directors and authorlsed for issue on 20 September 2023 and signed on its behalf by John McKinne Director Eamon Corry Director The notes on pages 13 10 18 form part of the financial statements 12
Omagh Community House IA company limited by guarantse. not having a share ¢apitsl) NOTES TO THE FINANCIAL STATEMENTS for Ihe financial year ended 30 April 2023 GENERAL INFORMATION Omagh Community House is a company limited by guarantee incorporated in Northern Ireland. The registered office of Ihe company is 2 Drumragh Avenue, Omagh, Co Tyrone, BT78 1 DP which is also the principal place of business of the company The financial statements have been presented in Pound Sterling {£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied ¢onsislently in dealing with items which are considered material in relation to the charity's financial slatements. Basis of preparation The financial slalements have been prepared on the going concern basis under the historical cost Convention, modified to include certain items al fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice {SORPI "Accounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As permitted by the Companies Act 2006, the company has varied the standard formals in that act for the Slalemenl of Financial Aclivilies and Ihe Balance Sheet. Departures from the standard formats are lo comply with the requirements of Ihe Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statement of compliance The financial statemènts of the company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1 A of that Standard. Incoming Resources Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled lo it, its financial value can be quantified with reasonable certainly and there is reasonable certainly of its ultimate receipt. Entitlement to legacies is considered established when the company has been nolified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Resources Expended All resources expended are accounted for on an accruals basis. Charilable activities include costs of services and grants, support costs and depreciation on related assets. Cos15 of generating funds similarly include fundraising activities. Non-staff costs not altribuled lo one category of activity are allocated or apportioned pro-rata lo the staffing of the relevant service. Finance, HR, IT and administrative staff costs are directly attributable to individual activities by objective. Govemance costs are those associated with constitutional and stalulory requirements. Tangible fixed assets and depreciation Tangible fixed assets are staled at cost or at valuation. less accumulated depreciation. The charge to depreciation is calculated lo write off the original cost or valuation of langible fixed assets, less their estimated residual value, over their expected useful lives as follows.. Land and buildings freehold Fixtures, fittings and equipment 20/. Straight line 25Q/o Reducing balan Debtors Debtors are recognised at the settlemenl amount due after any discount offered. Prepaymenls are valued al the amount prepaid net of any trade discounts due. Income recognised by the company from government agencies and other co-funders, but not yet received at year end, is included in debtors. Cash at bank and in hand Cash al bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. 13
Omagh Community House IA company Ilmlted by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 April 2023 Taxation and deferred taxation No current or deferred tsxalion arises as the company has been granted charitable exemption. Irrecoverable valued added lax is expensed as incurred. Deferred tax 15 recognised in respect of all timing differences that have originated but not reversed at the balance sheet dale where transactions or events have occurred at that dale thal will result in an obligation lo pay more lax in the future. or a right to pay less lax in the future. Timing differences are temporary differences belween the company's taxable income and its results as stated in the financial statements. Deferred lax is measured on an undiscounled basis al the lax rates that are anticipated to apply in the periods in which the liming differences are expected to reverse. based on tax rates and laws that have been enacted or substantively enacted by the balance sheet dale. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 Donations and legacies 630 630 CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Grants from governments and other co-funders: Capital grants 12,490 121,379 133,869 87.458 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Rental incom8 and room hire 104,721 104,721 74,851 OTHER INCOME Unrestrlcted Restricted Funds Funds 2023 2022 Other income 44,965 44,965 52,684 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Rental income costs 64,180 41.755 144,905 250,840 183.467 OTHER EXPENDITURE Direct Costs Other Costs Support Costs 2023 2022 TEO grant expenditure 44.965 44.965 42.684 14
Omagh Community House IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 April 2023 SUPPORT COSTS Charitable Activities 2023 2022 General running expenses Premises expenses Loan interest paid 78,686 35.540 30.679 78,686 35,540 30.679 57,539 24,755 25,317 144,905 144.905 107,611 ANALYSIS OF SUPPORT COSTS 2023 2022 General running expenses Premises expenses Loan interest paid 78.686 35,540 30,679 57,539 24,755 25,317 144.905 107,611 NET INCOMING RESOURCES 2023 2022 Net Incoming Resources are stated after chargingllcreditingl: Depreciation of tangible assets Grants receivable received 41,755 {121,379) 42,545 (86,633) INVESTMENT AND OTHER INCOME 2023 2022 Revenue grants received 121,379 86,633 INTEREST PAYABLE AND SIMILAR CHARGES 2023 2022 On bank loans and overdrafts 30,679 19,275 EMPLOYEES AND REMUNERATION Number of employees The average number of person5 employed (including executive directors) during the financial year was as follows-. 2023 Number 2022 Number Administration The slaff costs comprise.. 2023 2022 Wages and salaries Pension costs 79,471 2,136 60,219 1.217 81,607 61,436 15
Omagh Community House IA company limited by guarantee, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 April 2023 10. TANGIBLE FIXED ASSETS Land and Fixtures, buildings fittings and freehold equipment Total Cost At 30 April 2023 1,969,159 53,033 2,022,192 Depreoiation At l May 2022 Charge for the financial year 275,682 39,384 43,548 2,371 319,230 41,755 AI 30 April 2023 315.066 45,919 360,985 Net book value At 30 April 2023 1,654,093 7,114 1,661,207 AI 30 April 2022 1.693,477 9,485 1,702.962 11. DEBTORS 2023 2022 Trade debtors Other debtors Prepayments and accrued income 39,355 7,164 11.640 37,467 4,495 11,259 58,159 53,221 12. CREDITORS Amounts falling due within one year 2023 2022 Bank loan Trade creditors Taxation and social security costs Other creditors Accruals and deferred income.. Pension accrual Other accruals 39.209 31,055 739 4,067 39.209 29,660 1.227 10,374 514 16.516 148 6,871 92,100 87,489 13. CREDITORS Amounts falling due after more than one year 2023 2022 Bank loan 479,980 479,980 Repayable in one year or less, or on demand (Nole 12) Repayable in five years or more 39,209 479.980 39,209 479.980 519,189 519,189 16
Omagh Community House {A company limited by guarantee, not having a share capStall NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 April 2023 14. GRANTS RECEIVABLE 2023 2022 Capitsl grants received and receivable At 1 May 2022 Increase in financial year 1,332,400 37,801 1,452,977 41,536 At 30 April 2023 1,370,201 1.494.513 Amortisation At 1 May 2022 Amortised in financial year {186,536) 164.449) {272,041) 176,607) At 30 April 2023 {250,985) (348,648) Net book value At 30 April 2023 1,119,216 1.145,865 At 1 May 2022 1,145,864 1,180,936 15. RESERVES 2023 2022 At the beginning of the year Deficit for Ihe financial year 51,407 111,620) 62,565 (11,158) At the end of the year 39,787 51,407 16. FUNDS 16.1 RECONCILIATION OF MOVEMENT IN FUNDS UnrestriGted Restricted Funds Funds Total Funds Al 1 May 2021 Movement during the financial year 62,565 131,882) 62,565 (11,158) 20,724 AI 30 April 2022 Movement during the financial year 30,683 (24.063} 20,724 12.443 51,407 (11,6201 At 30 April 2023 6,620 33.167 39,787 16.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1May 2022 Income Expenditure Transfers between funds Balance 30 April 2023 Restricted funds Amortisation of capital grants Unrestricted funds Unrestricled General 20,724 166,344 153,901 33,167 30,683 117,841 141,904 6,620 Total funds 51.407 284.185 295.805 39,787 17
Omagh Community House IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 30 April 2023 17. STATUS The company is limited by guarantee not having a share capital. The liability of the members is limiled. Every membér of Ihe company undertakes to contribute to the assels of the company in the event of its being wound up while they are members, or within one year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased lo be members, and the costs, charges and expenses of winding up, and for the adjuslmenl of the rtghts of the contributors among themselves. such amount as may be required, not exceeding £ 1. 18. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year-end. 18