Omagh Community House IA company limited by guarantee, not having a share ¢apitsl) DIRECTORS. ANNUAL REPORT for the financial year ended 30 April 2023 The directors present their Directors, Annual Report, combining Ihe Directors, Report and Truslees, Report, and the unaudited financial statements for the financial year ended 30 April 2023. The financial slatemenls are prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Directors, Report contains Ihe inforfflation required to be provided in the Directors, Annual Report under the Statement of Recommended Practice (SORP) guidelines. The directors of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the direclors of Omagh Community House present a summary of ils purpose, governance, activilies, achievemenls and finances for the financial financial year 30 April 2023. The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Acl 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisalion has implemented ils recommondalions where relevant in these financial stalements. Mission. Objectives and Strategy Mission Statement Omagh Community House was set up in the aftermath ofthe Omagh bomb in August 1998 and has as ils Vision.. "Omagh Community House is a neOrked centre for community contact, building on the past to promote a better future. The mission of OCH is articulated as follows.. 'This House is home to our resident groups. and we are ils guardians. Through innovation, partnership and best practice we will support the sustainable development of our resident groups., The core values which are intrinsic to the Strategy of OCH are.. Sustainability: Partnership.. Responsive.. Proactive.. Supportive and Enabling.. Objectlves The aims of the Strategy are: 1. To establish OCH as a key player in the community and voluntary sector and the Social Economy in Omagh and the wider western region. 2. To ensure Ihe sustainability of OCH and that of its resident groups, thereby conlribuling to the long-term development of the community and voluntary sector. 3. To work diligently and proactively in collaboration with key sectoral stakeholders at a local, sub-regional and regional18vel to provide a quality and value-added service lo both resident groups and their memberslclients. Strategy Following on from the aims. Ihe subsequent strategic objeclives were developed.. To implemenl actions that will enable OCH to work towards its financial sustainabilily and that of its resident groups (priority). To continuously seek lo provide the resident groups with quality accommodation at an affordable price within an environment thal is SUPPOrtive, and which encourages sharing. co-operation and financial sustainability. To ensure that OCH is innovative and is widely regarded as a model of best practice within the sector. To establish OCH as a key player in the social and economic development of Omagh and the wider westem region through the creation of partnerships and networks. To heighten awareness of OCH, thereby encouraging local groups and individuals to acces5 OCH on a more regular basis.
Omagh Community House {A company limited by guarantee, not having a share capltsll DIRECTORS. ANNUAL REPORT for the financial year ended 30 April 2023 Structure. Governance and Management structure Omagh Community House is a Company Limited by Guaranlee formed in 1998 and incorporated in early 1999. The Board has a good mix of commercial and ommunity-based skills and experience in the world of Public Administration, Medicine, Legal, Accountancy and Leaders in the Community and Voluntary seclor. Govemance The charitable company is limiled by guarantee, not having a share capital. The charitable company was established under a Memorandum of Association which established the objecls and powers of the charitable company and is giverned under its Articles of Association. In accordance with the Articles of Association, the members lo retire by rotation shall be those who have been longest in office since their last election, and the relevant motion will be pul at the Annual General Meeting. A retiring member shall be eligible for re-election, Review of Activities, Achievements and Perfomiance We continued lo meet our original Objectives, and this year proved extremely difficult due lo the Covid-19 pandemic and our building was virtually closed for the year ending April 2021. Our residents and ourselves as the management operated to the best of our ability using on-line platforms lo continue our engagement with our citizens. This resulted in a temporary loss of physical rental space. The structure of the Company remains unchanged. and Ihe Govemance arrangements are strictly adhered to. The production of quarterly management accounts is scrulinised by our Accountant Board member and then provided at the quarterly meeting. Occupancy and agreements are scrulinised by our Legal Board Member. and the impact of capacity is reported on quarterly. Day to day management is provided by our administrator, and the Chairman is involved on almost a daily basis and makes emergency decisions when necessary which are reported to following Board meeting. The Board also provides an opportunity for general office and cleaning duties for an adult with a Learning Disability. Flnanclal Review In the financial year OCH has successfully kept ils net position stable despite a massive reduction in income. resulting from loss of income on conference space, training room hire and voids. Our position was greatly assisted by the Governmenl Grant lo offset losses, without which our position would have been extremely serious. As a Board, we continue to maximise the rental space available and al end of year our occupancy rale was at 730/¢. When the lockdown ends, Ihis should return to approx. 90 % as some of our tenants intend to return lo the office- based delivery and engagement pre-covid. This will be monitored closely in Ihe months ahead. The Board continues to monitor the financial stability of the company on a regular ba51S. Financial Results Al the end of the financial year the company ha5 assets of £1,731.083 (2022 £1.764.741) and liabilities of £1,691,296 {2022 - £1.713,334). The nel assets oflhe company have decreased by £(11,620). Reference and Administrative details The reference and administrative details of the charitable company are as shown on page 3.
Omagh Community House {A company Ilmited by guarantee. not having a share capital) DIRECTORS. ANNUAL REPORT for the financial year ended 30 April 2023 Directors The directors who served throughout the financial year, except a5 noted, were as follows: Dr Domingos Pinto George Kerr Eamon Corry John McKinney Conor Michael Keys Frank Mccarthy Aidan Joseph Bunting In accordance wilh the Constilulion, the directors retire by rotation and, being eligible. offer themselves for re- election. The secretary who served during the financial year was: Cono¥ Keys Compliance with Sector-wide Legislation and Standards The company engages pro-actively with legislation. standards and codes which are developed for the sector. Omagh Community House subscribes lo and is compliant with the following.. The Companies Act 2006 The Charities SORP (FRS 102) Public Benefit Statement The directors of Omagh Communbty House confirms that Ihey have complied with their dulles in regard to the Charlly Commission for Northern Ireland's guidance on public benefit and that the public benefit requirement have been achieved through the adlvities of the charitable company in the year ended 31 March 2019. Purpose 1.. To advance community development by providing office space, facilities and seNices and by providing a forum to share views. The direct benefits which flow from this purpose include.. tenant groups benefit from neOrkIng and inlormation sharing of services, and provision of affordable and accessible office space. These benefits will be evidenced by retention of tenant organisations at full occupancy,. substantial wailing list for office space,. word of mouth feedback. We do not anticipate any harm leading from the purposes of our charity. The charity's beneficiaries are primarily people in the Omagh District Council area as well as adjoining Council areas. The only private benefil flowing from Ihis purpose is that a trustee may be paid for professional services required by the organisalion. This benefit is incidental and necessary to ensure the benefit is provided lo our beneficiaries. Purpose 2.. To provide facililie5 by way of an inclusive and open venue for members of the community. The direct benefits which flow from this purpose include groupslorganisalionsl individuals who hire the conference and training rooms benefit from a neutral venue which is accessible and affordable,. participants have increased knowledge and skills through attending workshops. training, events elc.; local artists benefit from exhibiting their artwork in a large. visible and public area. increasing their profile and ullim31ely sales. These benefits are evidenced by return bookings for room hire. follow-up comment form5 for those hiring facilities.. word of mouth feedback., visilorlcommenl book. We do not anticipate any harm leading from this purpose of our charity. The charity's beneficiaries are primarily people in the Omagh District Council area as well as adjoining Council areas. The only private benefit flowing from this purpose is that a trustee may be paid for professional services required by the organisation. This benefit is incidental and necessary to ensure the benefit is provided to our beneficiaries. Approved Board of Directors on 20 September 2023 and signed on its behalf by: John McKinney Director Eamon Corry Director