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.
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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 stateD￿lts.
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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 Ch￿ltieS preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(effective l January 2015) -
(ch￿ltieS 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 cOmp￿ative iteTDS was needed. No restslments
were required.
IJ. Cashnow
The ch￿lty has tsken advantage of the exemption in FRSI from the reqUiren￿￿t 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 r￿ed 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
Fern￿￿gh 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
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Omagh Volunteer Centre
Notes to the financial statements
for the year ended 31 March 2024
Expenditure on C1￿1t￿ble 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
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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.
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Omagh Volunteer Centre
Notes to the financial statements
for the year ended 31 March 2024
Taxation
The Ch￿Ity'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 r￿ed 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