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