Omagh Voluntser Centre Statement of finandal &ctlviti£s (incorporating the Income and expenditure account) For the year ended 31 March 2024 Year ended 2023 UDrestrlcted Restricted funds ended 2024 Notss Income and endowmeDts from Dollations and legacies Clwitable activities 50 188,660 1.958 50 191.714 2,458 1641 184,021 2.166 3,054 5(K) Total 3,554 190,668 194.222 188,828 Expendlture on: ClwiÉable activitie8 781 190,481 191,262 207.139 470 Total 781 190.481 191,262 207.609 Net incomingl(outgoing) resources before transfers 2,773 187 2.960 (18,781) 150 (150) Net fincome/(expenditure) 2.923 37 2.960 (18.781) RecoDcUation of funds Totsl funds brought forward 174 174 18,955 Totsl funds carrled forward 3,097 37 3,134 174 The statement of fjllancial a¢tivities includes all gains and losw in the year and therefore a Separat¢ statement of totsl recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on pagag 9 to 14 form an Integral part of these fiDanclal statement& Page 6
Omagh Volunteer Centre Balance sheet as at 31 March 2024 2024 2023 Notes Fixed ets Tangible fixed assets Current &ssets Debiors BaJ)k and cash io 4,531 4,531 li 4,543 40,537 4,399 24,307 45.080 28.706 Creditors: amounts falling due within one year 12 (46.477) (33.063) Net current liabilities (1,397) (4,357) Net Oiabilities)lassets 3.134 174 Funds Unrestricted income funds: Restricted income fimds 3.097 37 174 Total funds 3.134 174 The Batance Sheet continues on the following page. The not on pages 9 to 14 forni an integral part of these fjnancial statements. Page 7
Omagh Volunteer Centre Balance sheet (continued) Trustees statements required by the Companies Act 2006 for the year ended 31 Marth 2024 In approving these fmancial stateJllents as rrnstees of the company we hereby confirn]: (a) that for the year stated above the company was entitled to the exemption under section 477 of the Companies Act 2006 relating to small companies. (b) that no members have required the compally to obtsin an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006 (c) that we acknowledge our responsibility for complying with the requirements of the Act with respect to a¢¢ounting Tecords and foi the preparation of accounts. These financial statements are prepared in accordance with the pmvisions applicable to companies subject to the 8mall companies regime. The fman¢ial statements were approved by the board on 9 December 2024 and signed on its b¢ha]f by Monica Coyle Director Director The notoq on pages 9 to 14 forn] an integral part of these fmanciai stateDlts. Page 8
Omagh Volunteer Centre Notes to the financial statements for the year ended 31 March 2024 Accounting polici The prittcipal accounting policies are surnmarised below. 1.1. Basis of accounting and assessment of going concern The fLnancial statements have been prepared in accordance wtth Accounting and Reporting by Charities: Statements of Recommended Practice appllcable to ChltieS preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(effective l January 2015) - (chltieS SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are intially recognised at hislorical cost or transaction value unless otherwise staed im the relevant accounting policy note(s). The trustees consider that tbere are no material uncertainties about the charity's ability to continue as a going concern. 1.2. Reconciliation with previously Generally Accepted Accounting Practice In preparing these accounts, tbe trustees have considered whether in applyiDg the &c¢ounting policies required by FRS I02 and the CEwities SORP FRS 102 the r¢statement of cOmpative iteTDS was needed. No restslments were required. IJ. Cashnow The chlty has tsken advantage of the exemption in FRSI from the reqUirent to prodvce a cashfiow statement because it AS a small charity. 1.4. Incoming resources JI incotDillg resources are Fncluded in the statement of financial activities when the charity is entitled to the income and the amount ¢an be quantified with reasonable accuracy. The following specific policies are applied to particular categories of incoll.. Voluntary income is received by way of donations and gifts and is included in in the Statement of Financial Activities when receivable. Gifts doDated for resale are included as income wben they are sold. Donated assets are included at the value to the charity where this caj] be quantifjed and a tbird paty is bearing the cost. The value of services provided by volun*ers has not been included. Income from investments is included in the year in which it is receivable. 1.5. Resource5 expended Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Costs of charitable activitie5 includes those activites undertaken to further the purposes of the charity and their associated support costs. Other expenditure represents those items not falling into any other heading. Support costs are those fiinctions that assist the work of the charity but do not directly undertake charitable activities. Support Costs include back office costs, finance, persoJ]nel. payroll and governance costs wh¢ih support the charity's activities.These costs have been allocated between cost of raising funds and expenditure on charitable activities. Page 9
Omagh Volunteer Centre Notes to the financial statements for the year ended 31 March 202A 1.6. Tangible red assets and depreefiation Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less Tesidual value of each asset over its expected useful life, &s follows: Fixtures. fitiings and equÉpment 20% Reducing balance 2. DOnatfi0 and legacies 2024 Total 2023 Total restricted OVC donation BTC donation 2.641 50 50 50 2,641 Income from Cbaritable activities Unrestricted Restricted funds fund8 2024 Total 2023 Totsl Ferngh Omagh Distii¢t Council Department for Communities National IA)ttery Community Fund National Lottery Con)munity Fund BTC Volunteer Now Halifax Foundation Access NI Access Nl contsibution Training courses 1.500 43.377 44,625 85.507 41,167 41,167 136,588 150 3.870 6,885 136,588 150 3.870 6,885 2,333 721 7.260 1,752 2.333 721 3.054 188.660 191.714 184.021 Other income Unrestricted Restrleted 2023 Totsi Total DES support staff Fees 1.958 1.958 500 2.166 SIK) 500 1,958 2,458 2,166 Page 10
Omagh Volunteer Centre Notes to the financial statements for the year ended 31 March 2024 Expenditure on C11tble activities Charitable activities Support Governance eosts costs 2024 Total 2023 Total Volunteering tnfrastructure Support The B Friend Hub programme Beyond the Call programme Halif Foundation for Nl ACCESS NI Access to work Omagh Volunteer Centre 32,169 8,532 466 41,167 43,375 44,627 88.079 1.495 7,260 2.166 20.137 107.894 3,291 6,885 27,295 579 1,399 136.588 3,870 6.885 1.971 781 1.971 781 150,239 39,158 1.865 191.262 207,139 Other expenditure 2024 Total 2023 Total Bank chaTges 470 Page 11
Omagh Volunteer Centre Not&5 to the financial statements for the year ended 31 March 2024 Analysts of governance and support costs The breakdown of support costs and their allocation to governaoce costs ar¢ shown below. Other support 2024 Totsl Management fees Staff costs Admin support Rent & Service charges Heat & light Insurance Accountancy Hospitality Telepbone Other office expenses Charges Support costs (see below) 5.(K)O 2.067 2.722 6,991 2,954 1.407 5,000 2.067 2,722 6.991 2,954 1.407 1,865 5.986 5.277 4.784 511 1.459 1,865 5.986 5.277 4,784 511 1,459 3,324 37,699 41.023 Support costs: Wages & salaries Rent Heat & light Insurance Telephone OtheT office expenses 90 368 155 74 278 494 1.459 Average staff tinK has been used as the basis of apportiQDtnent. Employees Employment costs 2024 2023 Wages and salaries Petision wsts Other costs 132,863 2,078 147.746 2,980 14.696 134.941 165.422 No employee received emoluments of more than £60,000 (2023 . None). No trustee received any remuneration during the year. Page 12
Omagh Volunteer Centre Notes to the financial statements for the year ended 31 March 2024 Taxation The ChIty'S activities fall Thithin the exemptions afforded by the provisiolls of the Income and Coryoration Taxes Act 1988. Accordingly. thete is no taxation charge in these accounts. Fixtures, fittings and equipmeDt 10. Tangible red wets Total Cost At l ApIil 2023 and At 31 March 2024 4.531 4,531 At l April 2023 Net book values At 31 March 2024 4.531 4.531 At 31 March 2023 4.531 4,531 11. Debtors 2024 2023 Department for Communities DfC- Ac¢ess to work ACNI fees Prepayments 4,124 83 240 96 3.124 152 1.027 96 4,543 4,399 12. Creditors: amounts falling due within one year 2024 2023 ACNI National IA)ttery Community Fund Dep8rtment for Conkmunities Taxes and social security creditor 792 43,818 1.673 194 4.497 28.455 iii 46,477 33,063 Page 13
Omagh Volunteer Centre Notes to the financial statements for the year ended 31 March 2024 13. Indemnity insurance The charity paid for the insurance premiums to indeTDnify trustees and senior staff from any loss atising from neglect or defaults of trustees or staff and any consequent loss. Page 14