COMPANY REGISTRATION NUMBER: N1049255 HMRC CHARITY REGISTRATION NO. N100743 CHARITY REGISTRATION NUMBER: 101955 Oma h Communit Youth Choir Charitable Com an Limited b Guarantee Annual Re ort & Unaudited Financial Statements for the ear ended 31 December 2024
Oma h Communit Youth Choir Com an limited b uarantee Trustees and advisors Registered charity name Omagh Community Youth Choir Charity registration number 101955 Directors l Trustees Mr Daryl Jon Simpson Company Se¢retary Ms Deirdre McNamee Accountantsllndependent examiner Tyrone Accountancy Services 10 Church Street Omagh Co Tyrone BT78 1DG Bankers Ulster Bank Ltd 14 High Street Omagh Co Tyrone BT78 1BJ Principal offite and registered office 63 Hospital Road Omagh Co Tyrone BT79 ODA Registered number N1049255
Oma h Communit Youth Choir Com an limited b uarantee istered number: Trustees. Annual Re ort incor oratin for the ear ended 31 December 2024 N1049255 th director's re ort The director, who is Ihe trustees for the purpose of charity law, present their report and financial statements tor the year ended 31 December 2024. The financial slalemenls for the year ended 31 December 2024 follow on page 6. and they are preceded by the Report ol the Independent Examiner. Stru¢ture> governance and management Omagh Community Youth Choir is a Northern Ireland based charilable company, limited by guarantee. incorporated on 12 January 2004. The Company giStratIon number is N1049255. The organisalion is registered with the Charity Commission for Northern Ireland. The registration number is 101955. The charitable company is also registered with HM Revenue & Customs. The HMRC Charities reference is N100743. The principal office is the registered office, 68 Hospital Road. Omagh, Co Tyrone. B T79 ODA. The company was established under a Memorandum of Association which establishes the objects and powers of Ihe charitable company and is govemed under ils Articles c)f Association. The company has one Irusteeldirector, Mr Daryl Jon Simpson. The company secretary is Ms Deirdre McNamee. Objectives and activities Charitable purposes The Company's objects are to provide a vehicle for young people from differing religious, cultural and social backgrounds lo join in song and performance. How the charity works Omagh Community Youth choir comprises male and female members who are 16-21 years and are from all sections of the local community, and are representative of all the local post primary schools. The choir uses choral music to promote peace and reconciliation Ihrough music. The Choir performs at local, national and international events. spreading this message of peace and reconcilialion.They are also available lo aid and support Ihro(Jgh their performances, fundraising events for other Community groups and iridividuals with likeminded values. The choir perfomis al events throughout the year and also have un¢Jer take tours on an international level. Trips lo dale have included England. Switzerland. and the USA on several occasions.
Oma h Communi Com an limited b Re istered number.. Trustees. Annual Re ort Youth Choir uarantee N1049255 incor oratin the director's re ort Public Benefit Statement The purpose of Omagh Community Youth Choir is lo provide a vehicle for young people from differing religious, cultural and social backgrounds lo join in song and perfomiance. The direct benefits flowing from this purpose include bringing people together in a social. community or arts project or performance. The Choir may also volunteer services for perfomances which will generate funds to benefit such 8 charity. church or individual. All performances and events are chosen with the purpose of promoting peace and reconciliation and generating community and social interaction for the benefit of all participants and nCert attendees. Benefits also include providing a safe and friendly plafform which will give members an opportunity lo develop Iheir skills as singers and musicians. The emphasis is on improving and working as a group but there is also lime to support and develop as individijals. The Choir encourages and develops citizenship within the members of the choir so that they may develop leadership skills and mutual understanding. These benefits can be demonstrated by the comprehensive list of performance dates since the choir's inception. International tours and trips which help bond the members and help promote a positive message of Northern Ireland in the local. national and international cotnmunih'es. Not only do choir members benefit. bul member families also benefit through the close co- operation in helping lo achiéve the aims of the choir. The effect that performances have on the general public have given much positivity and inspiration lo others, as well as entertainment through the music. The purposes of our charity will not lead to any harm. The Charity's beneficiaries are members of the public who come along lo public performances. Choir members and families who lake a full role in the participating and development of the choir objectives, church groups. schools and other small community based organisations who ask us lo perform al funclions. There are no private benefits flowing from the purpose. Taxation status The organisation is a register charity. and we have therefore claimed exemption from tax. Achievements and performance We are progessing on our objectives and targets and believe that our work is providing a great benefit to the local community, especially in the wake of the Covid-19 pandemic and the current economic crisis in the country. Financial review The organisation seen a significant rise in income and expenditure in the year ended 31 December 2024. The trustees believe that the charity is in a strong financial posib'on and are confident the reserves of the company are of a sufficient level lo be able lo continue the aclivilies of the charity and lo serve their beneficiaries for many years to come. The unrestriGled reserves are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Finance reserves are set aside lo protect the charity against drop5 in income. The balance in the charity's bank aceounl at the balance sheet date is £38,909.
Oma h Comrnunit Youth Cholr Com an limited b uarantee istered number.. Trustees. Annual Re ort N1049255 incor oratin the dlrector's re ort Independent Examiner Al the annual general meeting il was proposed that Tyrone Accountsncy Services Ltd would be re-elected as accountanlslindependenl examiner for the incoming year. Small company provisions The report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable lo companies subject to the small companies regime. Trustees The Irustees of the organisation during the financial period and the period up lo tho dale of the approv81 of these financial ststements were.. Mr Daryl Jon Simpson Statement of Trustees. Responsibilities The Iruslees are responsible for preparing the Annu81 Report and the financial slalements in accordance with applicable law and regulations. The trustees are Tequired lo prepa financial statements for each financial year. In preparing the financial statements. the trustees are required lo:_ select suitable accounling policies and then apply them consistently-. make judgements and &slimales that are reasonable and prudent.. and prepare the financial statements on a going concern basis unless il is inappropriate to presume that the organisalion will continue in business. The Iruslees are responsible for keeping proper accounting records that disclose, with reasonable accruacy Statement of Trustees. Confirmations In the case of each of the persons who are trustees at the time when the report is approved. the following applies.. al so far as each trustee is aware, there is no relevanl information of which the company's independent b) each trustee has taken all the steps that he or she ought to have taken as a trijstee in order lo make on ps 18 February 2025
Oma Com Inde h Communit Youth Choir an limited b uarantee endent Examiner's Re ort to the trustees of Oma h Communit Youth Choir We report on the accounts of the charity for the year ended 31 December 2024, which are sel out on pages 6 10 7. Respective responsibilities of tha charity trustees and examin8r As the charills trustees you are responsible for the preparatson of the accounts in accordance with Charities Act (Northern Iwelandl 2008. It is our responsibility lo.. examine the accounts under section 65 of the Charities Act INorthern Ireland) 2008 follow the procedures laid down in the general Directions given by tt)e Charity commission for Northern Ireland under section 65191{bl of the Charities Act (Northern Ireland) 2008 stale whether particular matters have come lo my attention. Basis of independent examiner's report We have examined your charity accounts as required under section 65 of the Charities Att and our exarriin2lion was carried out in accordance with the general Directions given by the Charity Commission for Northem Ireland under section 65191{bl of the Charities Act. Our examination included a review of the accounting records kept by the charity and a Comparison of Ihe accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts. and seeking explanab.ons from you as charity trustees concerning any such matters. Our role is lo slate whether any material matters have come lo our allenlion giving us cause to believe.. 1. That accounting records were not kept in accordance with secbon 386 of the Companies Act 2006- 2. That the accounts do not accord with those a¢¢ounling records 3. That the accounts do not Gornply with the accounting requirements of section 396 of the Companies Act 2006 and with methods and principles of the Charities Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland., or 4.That there is further information needed for proper understanding of the accounts lo be reached. Independent exarniner's statement I have completed our examination and have no concems in respect of the matlers {1110 {41 above and. in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require dowing to your attention. Rualrl Dundas FCA Independent examiner On behalf of.. Tyrone Accountancy Services Ltd Chartered Accountants 8-10 Church Street Omagh Co Tyrone BT78 1DG 18 February 2025
Oma h Communit Youth Choir Com an limited b uarantee Statement of Financial Activities includin income and ex enditure account for the ear ended 31 December 2024 Notes 2024 2024 Unrestricted Restricted funds funds 2024 Total funds 2023 Total funds In¢om¢ Donations 6,261 6.261 9,616 Expenditure Expenditure on Charitable activities 2,045 2,045 3.370 Net incomel ex enditure 4.216 4,216 6,248 Net movement in funds 4,216 4,216 6.246 Reconciliation of funds Total funds brought forward Total funds carried forward 36,974 41.190 36.974 41.190 30,727 36.974 All of the aclivilies of the charitable company are classed as conlinuing. The statement of financial activities includes all gains and losses recognised in the year. The notes on pages 8 10 12 form all integral part of the financial slalements.
Oma h Communit Youth Choir Com an limited b uarantee istered number: Statement of Financlal Position as at 31 December 2024 N1049255 Notes 2024 2023 Fixed assets Tangible assets 2,760 716 Current assets Cash at bank and in hand 38,909 36,737 Creditors.. amounts falling due within one year {479} (4791 Net current assets 38.430 36.258 Net assets 41.190 36,974 Funds of the ¢harity Unrestricted funds Restricted funds Total charity funds 41,190 36.974 41,190 36.974 For the year ended 31 December 2024 the charity was entitled lo exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act relating to small companies. The directors acknowledge their responsibilities for complying with the requirefflents of the Companies Act 2006 with respect lo accotjnting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable lo companies subjecl to the small companies regime. The profil and loss account has not been delivered to the Registrar of Companies under section 444 of the Companies Act 2006. The notes on pages 8 to 12 form an integral part of the financial statements. rylJo Trustee on These financial statements were approved by the board of trustees 8nd authorised for issue on 18 February 2025.
Oma h Communit Youth Choir Com an limited b uarantee Notes to the Accounts for the ear ended 31 December 2024 1 A¢¢ountin olicies Basis of preparation The financial slalements have been prepared under the historical cost convention with items recognised at cost or transaction values unless otherwise stated in the relevant notes to these accounts. The financial slatemenls have been prepared in accordance with Accounting and Reporting by Chaiities.. 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 1021 effective 1 January 2015 Charities SORP IFRS 1021. the Companies Act 2006 and the Charities Act (Northem Ireland) 2008. The currency used for the reporting of these financial slalemenls is Sterling (£} Fund accountlng Unrestricted funds are available for use at the discretion of the tru51ees to further any of the chariws purposes. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwc sub-classes.. restricted income funds or endowment funds. Incoming resource5 All incoming resources are included in the statement of financial activities when the charitable company is entitled to the income and the amount can be quantified with reasonable accuracy. Incoming resources includes all voluntary and fundraising income from charitable aclivilies. Voluntary income received by way of donations and gifts to the charity is included in full in the Statement of Financial Activates when receivable. Fundraising income is credited lo incoming resources when received. If thè income relates to a particular event happening after the financial year end il is deferred. Resour¢es expended Expenditure is recognised on an accruals basis a5 a liability is incurred. Expenditure includes VAT, and is classified under the heading of 'expenditure on charitable activities,. This includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. Disclosure exemptions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the disclosure exemption available under paragraph 1.12 of FRS 102 which allows no cash flow sialemenl lo be presented for the company.
Oma h Communit Youth Choir Com an limited b uarantee Notes to the Accounts for the ear ended 31 December 2024 Judgements and key sources of estimalion uncertainty The preparation of the financial slalements r8quires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgerrenls are continually reviewed and are based on experience and olher factors. including expectations of future events that are believed lo be reasonable under the circumstances. No judgements that m8nagement has made in the process of applying the enliws accounting policies have a significant effect on the amounts recognised in the financial slatemenls. No accounting estim8tes or assumptions have been made. Tangible fixed assets Tangible fixed assets are measured al cost less accumulative depreciation and any accumulative impairment 105ses. Cost includes the original purchase price, costs directly attributable lo bringing the asset to its working condition for its intended use. Depreciation is calculated lo allocate the cost lo the residual values over their estimated useful lives. The principal annual rates and bases used are as follows-. Plant and machinery 250/0 reducing balance Creditors Short term creditors are measured at transaction price (which is usually the invoice piicel. Loans and other financial liabilities are initially recognised al transaction price net of any tr8nsaclion costs and subsequently measured at amortised cost determined using the effective interest Method. Taxation Omagh Comrnunity Youth Choii is a regislered charity and. as such, is entitled lo certain lax exemptions on income and profits from investments and surpluses on any trading activities carried on in furtherance of the charity's primary objectives, if these profits and surpluses are applied solely for Charitable purposes. Foreign currency translation Transaclions in foreign currencies are initially recognised al the rale of exchange ruling al the dale of the transaction. Al the end of each reporting period foreign currency monetary items are translated al the closing rate of Èxchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Oma h Communit Youth Choir Com an limited b uarantee Notes to the Accounts for the ear ended 31 December 2024 Financial Instruments Financial liabilities and equity instruments are classified according lo the substance of the conlraclual arrangements entered into. An equity instrument is any conlra¢l that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments are equivalent lo a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. FinarTce costs are calculated $0 as lo produce a constant rale of return on the outstanding liability. 2 Donations and le acies 2024 2023 Unrestricted funds Donations 6,261 9.615 Restricted funds Donations 6.261 9.615 3 Ex enditure on charitable activities b fund 2024 2023 Unrestricted funds Charitable aclivities (including support costs) 2,045 3,370 Restricted funds Charitable activities (including support costs) Total resources expended 2.045 3.370 10
Oma h Communit Youth Choir Com an limited b uarantee Notes to the Accounts for the ear ended 31 December 2024 4 Em 2024 Number 2023 Number Average number of persons employed by the company 5 Limited b uarantee Omagh Community Youth Choir is a company limited by guarantee and accordingly does not have a share capital. 6 Tan ible fixed assets Plant and machinery etc Cost At 1 January 2024 Additions Al 31 December 2024 4,780 2,965 7,745 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 4,064 921 4.985 Net book value Al 31 December 2024 2,760 At 31 December 2023 716 7 Creditors: amounts fallin due within one ear 2024 2023 Accruals 479 479
Oma h Communit Youth Choir Com an limited b uarantee Notes to the Accounts for the ear ended 31 December 2024 8 Anal sis of charitable funds 2024 2023 Unrestri¢ted funds At 1 January 2024 Incomel{Expendilurel Transfers At 31 December 2024 36,973 4,216 30,727 6,246 41,190 36,973 Restrlcted funds Al 1 January 2024 Incomel(Expenditure} Transfers At 31 December 2024 Related art tran53Ctions No related party Iransaclions have look place during the year. 10 Other inforniation Omagh Community Youth Choir is a company limited by gu8rarbtee and does not have a share capital. It is ineorporated in Northern Ireland. Ils registered office is- 63 Hospital Road Omagh Co Tyrone BT79 ODA 12
Oma h Communit Youth Choir Com an limited b uarantee Detailed statement of financial activities for the ear ended 31 December 2024 2024 Unrestrieted funds 2024 Restricted funds 2024 Total funds 2023 Total funds Income Donations Fundraising events 6,261 6,261 9,616 6,261 6,261 9,616 Expenditure on charitable activites General administrative expenses- Consumables Bank charges Travel and subsistence Uniforms and waterproof clothing Insurance Slationery. advertising and printing Depreciation Other expenses 19 13 512 19 13 512 1.056 10 369 384 316 23 239 373 2,770 921 100 1.565 921 100 1,565 Legal and professional costs.. Accountancy fees 480 480 480 480 600 600 2,045 2.045 3,370 13