Company Registration Number: N1036069 Charity Number: 101466 Omagh Community House IA company limitod by guarantee. not havlng a share capltall Annual Report and Unaudited Financial Statements for the financial year ended 30 April 2024
Omagh Community House IA company Ilmited by guarantee, not havlng a share capital) CONTENTS Page Reference and Administrative Information Directors, Annual Report Statement of Directors, Responsibilities Independent Examinerfs Report Statement of Financial Activities Summary Income and Expenditure Account 10 Balance Sheet 11 Notes to the Financial Statements 12-17 Supplementary Information relating to the Financial Statements 19
Omagh Community House IA company 1Smlted by guarantee, not havlng a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION Directors Conor Michael Keys Frank Mccarthy Aidan Joseph Bunting Dr Domingos Pinto George Kerr Eamon Corry John McKinney Company Secretary Conor Keys Charity Number in Northem Ireland 101466 Company Registration Number N1036069 Registered Office and Principal Address 2 Drumragh Avenue Omagh Co Tyrone 8T78 1 DP Independent Examiner Michael Drumm FCCA 30a Gortin Road Omagh Co Tyrone 8T79 7HX Principal Bankers AIB - Enniskillen 24 East Bridge Street Enniskillen Co Fermanagh BT74 7BT
Omagh Community House IA company Ilmltad by guarantee, not havlny a $har& capllall DIRECTORS. ANNUAL REPORT for the financial year ended 30 April 2024 The directors present their Directors. Annual Report, combining the Directors, Report and Trustees, Report, and the unaudited financial statements for the financial year ended 30 April 2024. The financial statements are prepared in accordan with the Companies Acl 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The Directors. Report contains the information required to be provided in the Directors, Annual Report under the Statement of Recommended Practice {SORPI 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 Irustees. In this report the directors of Omagh Community House present a summary of its purpose, governance, activities, achievements and finances for the financial financial year 30 April 2024. The company is a gIStered charity and hence the report and results a presented in a form which complies with the requirements of the Companies Act 2006 and. although not obliged to comply with the Statement of Recomrnended practi applicable in the UK and Republic of Ireland FRS 102. the organisalion has implemented its recommendations where relevant in these financial ststements. Mission, Objectives and Stratègy 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 networked centre for community contact, building on the past to promote a better future." The mission of OCH is articulated as follows.. "This House 15 home to our resident groups, and we are its 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.. Objectives The aims of the Stratsgy 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 the sustainability of OCH and that of its resident groups. thereby contributing to the long-term development of the community and voluntary sector. 3. To work diligently and proactively in collaboration with key sectoral stakeholder5 at a local, 5ub-regional and regional level to provide a quality and value-added service to both resident groups and their memberslclients. Strategy Following on from the aims, the subsequent strategi¢ objectives were developed.. To implement aclions that will enable OCH to woik towards its financial sustainability and that of its resident groups {priorityl. To continuously seek to provide the resident groups with quality accommodation at an affordable price within an environment that is supportive, and which encourages sharing, -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 western region through the creation of partnerships and networks. To heighten awareness of OCH, thereby encouraging local groups and individuals to access OCH on a more regular basis.
Omagh Community House {A company Ilmlted by guarantee. not havlng a share capital) DIRECTORS, ANNUAL REPORT for Ihe financial year ended 30 April 2024 structure, Govemance and Management Structure Omagh Community House is a Company Limited by Guarantee formed in 1998 and incorporated in early 1999. The Board has a good mix of commercial and community-based skills and experience in the world of Public Administration, Medicine, Legal, Accountancy and Leaders in the Community and Voluntary sector. Governance The charitable company is limited by guarantee, not having a share capital. The charitable company was established under a Memorandum of Association which established the objects and powers of the charitable company and is giverned under its Articles of Association. In accordance with the Articles of Association. the members to retire by rotation shall be those who have been longest in Offi Sin their last election, and the relevant motion will be put at the Annual General Meeting. retiring member shall be eligible for re-election. Review of A¢tivlties, Achievements and Perfom)an¢e We continued to meet our original Objectives. and this year proved extremely difficult due to a slower recovery from the Covid-19 pandemic than expected. However. towards the yearfs end, some signs were evident through increased aclivily that next year should see us operating at pr&Covid levels. The company's structure remains unchanged, and the Governan arrangements are strictly adhered to. Our accountant on the Board scrutinized the production of quarterly management accounts. which are Ihen presented at the quarterly meeting. Occupancy and agreements are scrutinised by our Board Members, and the impact of capacity is reported on quarterly. The day-to4ay management is provided by our administrator, and the Chairman is involved on almosl 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 Leaming Disability. Financial Review In Ihe financial year OCH has successfully kept its net position stable despite a massive reduction in income. resulting from loss of income on conference space, training room hire and voids. The Company just reiVed notice al the end of the year that they have been successful in their bid to the Community Ownership Fund ICOF) for the purchase of the ground-floor unit for £250.000 and this will translate into a savings of £18.000 per annum as we currently rent the unit. In addition a bid to the Peace and Reconciliation fund through the Council was also successful and a sum of £43.000 will be available for maintenance in this financial year, again a very positive outcome and one that will assisl in strengthening the finances of the Company. Work has commenced on the re-organisation of our long-temi debt and Ihis should be concluded in the middle of this financial year with positive outcomes. The Board continues to monitor the financial stability of the company on a regular basis and will refresh the Board during this year. Financial Results At the end of the financial year the company has assets of £1,694,274 {2023 £1.731.0831 and liabilities of £1,686.440 {2023 - £1,691,296). The net assets of the company have decreased by £{31.953). Reference and Admlnistrative details The reference and administrative delails of the charitable company are as shown on page 3.
Omagh Community House IA company Ilmltod by guarantee. not havlng a share ¢apltsll DIRECTORS, ANNUAL REPORT for the financial year ended 30 April 2024 Directors The directors who served throughout the financial year, except as noted, wer8 as follows.. Conor Michael Keys Frank Mccarthy Aidan Joseph Bunting Dr Domingos Pinto George Kerr Eamon Corry John McKinney In accordan with the Constitution. the directors retire by rotation and, being eligible, offer themselves for reelection. The secretary who served during the financial year was.. Conor 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 to and is compliant with the following= The Companies Act 2006 The Charilies SORP (FRS 102} Public Benefit Statement The directots of Omagh Community House confirms that they have complied with their duties in regard lo the Charity Commission for Northern Ireland's guidance on public benefit and that the public benefit requirement have been achieved through the activities of the charitable company in the year ended 31 March 2019. Purpose 1.. To advance community development by providing office space, facililies and setvices and by providing a forum to Share views. The direct benefits which flow from this purpose include.- tenant groups benefit from networking and information sharing of services. and provision of affordable and accessible office spa. These benefits will be eVIdend by retention of tenant organisations at full occupancy,. substantial waiting 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 benefit flowing from this purpose is that a twstee 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. Purpose 2.. To provide facilities by way of an inclusive and open venue for members of the community. The direct benefits which flow from this purpose include groupslorganisationsl individuals who hire the conference and training rooms benefil from a neutral venue which is accessible and affordable., participants have increased knowledge and skills through attending w0shops. training. events etc.: local artists benefit from exhibiting Iheir artwort( in a large, visible and public area, increasing their profile and ultimately sales. These benefits are evidenced by return bookings for room hire. follow-up comment fomis for those hiring facilities.. word of mouth feedback; visilorlcomment 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 a5 adjoining Council areas. The only private benefit flowing from this purpose is that a trustee may be paid for professional seNices required by the organisation. This benefit is incidental and nesSary to ensure the benefit is provided to our beneficiaries. Approved by the Board of Directors on 6 November 2024 and signed on its behalf by: John McKlnney Director Eamon Corry Director
Omagh Community House IA Company lirnlted by guarantee. not having a $har¢ capltall STATEMENT OF DIRECTORS. RESPONSIBILITIES for the financial year ended 30 April 2024 The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial ststements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the diredors musl not approve the financial statements unless they are satisfied thal they give a true and fair view of the slate of affairs of the company and of the surplus or deficit of the company for thal period. In preparing these financial statements, the directors are required to-. select suitable accounting policies and apply them consistently.. make judgements and estimates that are reasonable and prudent., stale whether the financial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards- and prepare the financial statements on Ihe going concern basis unless it is inappropriate to presume that the company will continue in operation. The directors confirm that they have complied with the above requirements in preparing the financial statements. The directors are responsible for keeping adequate accounting records that are sufficienl to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure thal the financial statements comply with. They are also responsible for safeguarding the assets of the company and hence for taking reasonable sleps for Ihe prevention and detection of fraud and other irregularities. Approved by tho Board of Directors on 6 November 2024 and signed on its bghalf by: John Dlrector Inney Eamon Corry Director
Omagh Community House IA company Ilmited by guarantee. not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF OMAGH COMMUNITY HOUSE I have examined the financial statements of the company for the financial year ended 30 April 2024, which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes. This report is made solely to the company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. My work has been undertaken so that I might compile the financial statements that I have been engaged to compile, report lo Ihe Board of Directors that I have done so, and state those matters that I have agreed lo slate to them in this report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for my work, or for this report. Respoctive responsibilities of directors and examiner The company's trustees {who are also the directors of the company for Ihe purposes of company law) are responsible for the preparation of the financial statements in accordan with the requirements of the Companies Act 2006. The company's directors consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. It is my responsibility to.. examine the financial statements under section 65 of the Charities Act.. follow the procedures laid down by Ihe general Directions given by the Charity Commission for Northern Ireland under section 65{9llbl of the Charities Act.. and stste whether particular matters have come to my attention. Basis of independent examiner's report I have examined your company financial slalements as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519}{b) of Ihe Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited lo those matters sel out in the staternenl below. In connection with my examination. no matter has come to my attention which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 386 of the Companies Act 2006 the financial statements do not accord with those accounting records the financial $181ements have nol been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice applicable to charilies preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS1021 there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have no concerns and have come across no other matters in connection with Ihe examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. MICHAEL D UMM FCCA 30a Gortin Road Omagh Co Tyrone BT79 7HX Date: 6 November 2024
Omagh Community House A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 30 April 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes In¢omlng Resourcos Voluntary Income Charitable activities Grants from governments and other co-funders Activities for generating funds Other income 800 800 630 630 12,513 28,757 41,270 12,490 121.379 133,869 96.939 96,939 104,721 104,721 6,700 104,861 111,561 44.965 44.965 Total incoming resources 116.952 133,618 250,570 117,841 166.344 284.185 Resources Expended Charitable activities Other expenditure 144,290 58,296 79,937 202,586 79.937 141,904 108,936 44,965 250,840 44,965 Total Resources Expended 144,290 138,233 282,523 141.904 153.901 295,805 Net in¢orningloutgoing resources before transfers (27.3381 14.6151 131.953) 124,063} 12,443 111.620) Gross transfers between fvnds Net movement in funds for the financial year (27,338} (4,615) (31.9531 124,063) 12,443 {11,6201 Reconciliation of funds: Total fijnds beginning of the year 16 6,620 33,167 39,787 30.683 20,724 51.407 Total funds at the end of the year (20,718} 28,552 7,834 6.620 33,167 39.787 The Statemenl of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditu relale to continuing activities. The notes on pages 12 10 17 form part of the financial slalements
Omagh Community House IA ¢ompany limited by guarantee. not havlng a sharo capital) SUMMARY INCOME AND EXPENDITURE ACCOUNT for the financial year ended 30 April 2024 ststement of Financial Activities 2024 2023 Gross income Unrestricted funds Restricted funds 116.952 133,618 250,570 284,185 Total income Total expenditure 250.570 {282.523) 284,185 (295,8051 Net In¢omel(expenditurel (31,953) 111,6201 The company has no recognised gains or Ioss8S 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 12 10 17 form part of the financial statements 10
Omagh Community House {A Company Ilmitsd by guaranto9, not havlng a sharo capltall Company Number: N1036069 BALANCE SHEET as at 30 April 2024 2024 2023 Notes Fixed Assets Tangible assets 10 1,620,047 1,661.207 Current Assets Debtors Cash at bank and in hand 11 67.161 7,066 58.159 11,717 74,227 69,876 Crèditors: Amounts falling duè withln one year 12 {113,8921 {92,100) Net Current Liabilities {39,665) {22,224} Total As50ts less Current Liabilitios 1,580,382 1.638,983 Creditors Amounts falling due after more than one year 13 1479,980) 1479,9801 Grants rèceivable 14 {1,092.568) 11.119.216) Totsl NetAssets 7,834 39.787 Funds Restricted trust funds General fund (unrestricted) 28.552 (20,718) 33.167 6,620 Total funds 16 7,834 39,787 These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 oflhe Companies Act 2006. For the financial year ended 30 April 2024 the company was enlilled to exemption from audit under section 477 of the Companies Acl 2006,. and no notice has been deposited under section 476. The directors confirm that the members have not required the company to obtain an audit of ils financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities tor 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 state of affairs of the company a5 at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relaling lo financial statements, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions applicable to companie5 subject to 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 authori50d for issue on 6 November 2024 and signed on Its behalf by John McKinne Director Eamon Corry Director The notes on pages 12 to 17 form part of the financial statements 11
Omagh Community House IA company limitèd by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 April 2024 GENERAL INFORMATION Omagh Community House is a company limited by guarantee incorporated in Northern Ireland. The registered Offi of Ihe company is 2 Drumragh Avenue, Omagh, Co Tyrone, BT78 1 DP which is also the principal place of bLtsiness of the company The financial statements have been presented in Pound (£1 which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consislently in dealing with items which are considered material in relation to the charity's financial statements. Basls of preparation The financial stalements have been prepared on Ihe going concem basis under the historical cost convention, modified lo include certain items at fair value. The financia5 statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. As permitted by the Companies Acl 2006, the company has varied the standard formats in that act for the Statement of Financial Activities and the Balan Sheet. Departures from the slandard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP. Statement of ¢ompllance The financial stalements of the company for the financial year ended 30 April 2024 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice {SORPI "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 1A of that Standard. Incoming Resou9$ Volunlary income or capital is included in the Statement of Financial Activities when the cornpany is legally entitled to it, ils financial value can be quanlified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when Ihe company has been notified of a distribution to be made by the executors. Income received in advance of due performance under a conlract 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. Charttable activities include costs of services and grants. support costs and depreciation on related assets. Costs of generating fund5 similarly include fundraising activities. Non-staff costs not attributed to one category of activity are allocated or apportioned pro-rata to the staffing of the relevant servi. Finan, HR, IT and administrative staff costs are directly attributable to individual activities by objective. Governance cosls are those associated with constilutional and statutory requirements. Tanglble flxed assets and depreciation Tangible fixed assets are stated at cost or at valuation, les5 accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value. over their expected useful lives as follows.. Land and buildings freehold Fixtures, fittings and equipment 20/0 Straight line 25% Reducing balance Leasing Rentals payable under operating leases are dealt with in the income and expenditure account as incurred over the period of the rental agreement. 12
continued Omagh Community House {A company limited by guaranteg, not hav5ng a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 April 2024 Debtors Debtors are recognis6d at the settlement amount due after any discount offered. Prepayments are valued at 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 at bank and in hand comprises cash on deposit at banks requiring less than three months noti of withdrawal. Taxatlon and deferred laxatlon No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is 6xpensed as incurred. Deferred tsx is recognised in respect of 811 timing differences that have originated bul nol reversed at the balance sheet date where transactions or events have occurred at Ihal date that will result in an obligation lo pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences beeen the company's taxable income and its results as stated in the financial slatements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. INCOME DONATIONS AND LEGACIES Unrestrictgd Restricted Funds Funds 2024 2023 Donations and legacies 800 800 630 CHARITABLE ACTIVITIES Unrestrl¢ted Restricted Funds Funds 2024 2023 Grants from governments and other co-funders: Capital grants 12.513 28,757 41,270 133.869 OTHER TRADING ACTIVITIES Unrestricted Restrlcted Funds Funds 2024 2023 Rental income and room hire 96,939 96.939 104,721 OTHER INCOME Unrestricted Restricted Funds Funds 2024 2023 Other income 6,700 104,861 111,561 44.965 EXPENDITURE CHARITABLE ACTIVITIES Dlrect Costs Other Costs Support Costs 2024 2023 Rental income costs 71.720 41,378 89,488 202.586 250,840 13
continued Omagh Community House IA company limltod by guarant. not havlng a share ¢apitall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 April 2024 OTHER EXPENDITURE Dlre¢t Costs other Costs Support Costs 2024 2023 TEO grant expenditure Erano grant expenditure 44.965 79,937 79.937 79,937 79,937 44.965 SUPPORT COSTS Charitable Activities 2024 2023 Premises expenses Loan interest paid General running expenses 28.147 18,028 43,313 28,147 18,028 43.313 35,540 30.679 78,686 89,488 89,488 144.905 ANALYSIS OF SUPPORT COSTS 2024 2023 Premises expenses Loan interest paid General running expenses 28,147 18.028 43,313 35.540 30,679 78,686 89.488 144,905 NET INCOMING RESOURCES 2024 2023 Net Incoming Resources are stated after chargingllcreditingl: Depreciation of tangible assets Operating lease rentals Motor vehicles Grants receivable received 41,158 41.755 183 (44,590) {121,3791 INVESTMENT AND OTHER INCOME 2024 2023 Revenue grants received 44.590 121.379 INTEREST PAYABLE AND SIMILAR CHARGES 2024 2023 On bank loans and overdrafts Factoring interest 18,028 30,679 18,033 30,679 14
continued Omagh Community House IA company Ilmlted by guarantee, not havlng a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 April 2024 EMPLOYEES AND REMUNERATION Number of employees The average number of persons employed (including executive directors) during the financial year was as follows.. 2024 Number 2023 Number Administration The staff costs comprise.. 2024 2023 Wages and salaries Pension costs 67.426 879 79,471 2,136 68.305 81,607 10. TANGIBLE FIXED ASSETS Land and Fixtures, buildings fittings and freehold equipment Total Cost At 30 April 2024 1.969.159 53,033 2,022,192 Depreciation At 1 May 2023 Charge for the financial year 315.065 39.380 45.920 1.780 360,985 41,160 At 30 April 2024 354,445 47,700 402.145 Net book value At 30 April 2024 1.614,714 5,333 1.620.047 At 30 April 2023 1.654.094 7,113 1,661.207 11. DEBTORS 2024 2023 Trade debtors Other debtors Prepayments and accrued income 33.405 20,397 13,359 39,355 7,184 11.640 67,161 58,159 15
continued Omagh Community House IA company Ilmlted by guarantee. not havlng a sharè capitsl} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 30 April 2024 12. CREDITORS Amount$ falling due wlthln one year 2024 2023 Bank loan Trade creditors Taxation and social security costs Other creditors Accruals and deferred income= Pension accrual Other accruals 39,209 49,390 1.833 10,658 39.209 31,055 739 4,067 331 12,471 514 16,516 113,892 92.100 13. CREDITORS Amounts falling due after more than one year 2024 2023 Bank loan 479,980 479,980 Repayable in one year or less, or on demand (Note 12) Repayable in five years or more 39.209 479,980 39,209 479,980 519.189 519,189 14. GRANTS RECEIVABLE 2024 2023 Capital grants received and recelvable At 1 May 2023 Increase in financial year 1,332,400 1,332.400 37,801 At 30 April 2024 1,332,400 1,370.201 Amortisation At 1 May 2023 Amort15ed in financial year 1213.184) 126.648> {186.536) (64,449) At 30 April 2024 (239.8321 {250,985) Net book value At 30 April 2024 1.092.568 1,119,216 At 1 May 2023 1,119,216 1,145,864 15. RESERVES 2024 2023 At the beginning of the year Deficit for the financial year 39.787 131,953) 51,407 111.6201 At the end of the year 7,834 39.787 16
continued Omagh Community House {A company Ilmlted by guarant, not havlng a sharè eapltal} NOTES TO THE FINANCIAL STATEMENTS for Ihe financial year ended 30 April 2024 16. FUNDS 16.1 RECONCILIATION OF MOVEMENT IN FUNDS Unre5trictsd R¢strl¢ted Funds Funds Totsl Funds At 1 May 2022 Movement during the financial year 30,683 (24.063) 20,724 12,443 51,407 111,6201 At 30 April 2023 Movement during the financial year 6,620 127.338) 33.167 (4,6151 39.787 131,9531 At 30 April 2024 {20,718} 28,552 7.834 16.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1May 2023 Income Expenditure Transfors between funds 8alance 30 April 2024 Restricted funds Amortisation of capital grants Unrestricted funds Unrestricted General 33,167 133,618 138.233 28,552 6.620 116.952 144,290 120.7181 Total funds 39,787 250,570 282,523 7.834 17. STATUS The company is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute to the assets 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 conlracted before they ceased to be members, and the costs. charges and expenses of winding up. and for the adjustment of the rights of the contributors among themselves, such amount as may be quired, not exceeding £ 1. 18. POST-BALANCE SHEET EVENTS There have been no significant events affecting the Charity since the financial year*nd. 17
OMAGH COMMUNITY HOUSE IA Company Ilmltgd by guarant80, not havlng a share capltall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024 18
Omagh Community House IA ¢ownpany limited by guarantee, not having a Share ¢apitsl SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 30 April 2024 2024 2023 Income Donations Rent Income Room Hire Grants received TEO - Central Good Relations Funding Erano grant Miscellaneous income 800 84.458 7,080 18,490 630 87,069 5.556 12,490 44.965 83,851 11,301 12.096 205.980 162,806 Expfrnsès Wages and salaries Staff defined contribution pension costs Staff training Training room hire Rent payable Rates Insurance ERANO New Beginnings Light and heat Cleaning Repairs and maintenance Printing, postage and stationery Advertising Telephone Computer costs Radius Housing FODC SLA Apex Housing staff travel Hospitality Legal and professional Tutor costs Accountancy Bank charges Bad debts General expenses Subscriptions Depreciation Charitable donations 67,426 879 200 79.471 2,136 1,424 25,718 1.332 13,902 8,586 34.387 7.218 9,431 16,171 817 965 1,833 1,020 15.121 1,230 14,374 63.762 6,654 9.393 10.784 389 1.044 333 4.475 11.517 183 1,282 541 1.871 7,585 3,952 496 1,678 389 1,166 41.755 7,492 319 3,218 523 3.225 571 41,158 220 264,490 265.126 Finance Bank interesl paid Interest paid on overdue taxation 18,028 30,679 18,033 30,679 Miscellaneous income Revenue grants received 44,590 121,379 Net deficit (31,953) 111,6201 The supplementary informalion does not form part of the financial statements 19