VERITKS VINr. Omagh Academy School Fund Annual Report Statement of Accounts l Aug 2021 to 31 July 2022
Annual Report for the year ended July 31$t, 2022 The ttee5 of Omagh Academy are pleased to submit th¢ir report and accounts foT the period August 1" 2021, to July 3 1st, 2022. On 31" August 2021. Mrs C Gervais retir¢d as the trustee of the fund. We thank her for her dilkgent service and wish her a happy retirement. Income receipts foT the year totalled £17, 398. The main source of income was parental contribulions. As trustees, we are grateful to parents for their financial support of the school fund. The charity spent £16, 097, resulting in a net income of £1,301 The overall balance in tbe account is £73.204. During the academic year 2021-222, various trips took place with support from the School Fund. Year 8 pupils travelled to the National Trust Property at Castle Coole for a team building day, Year I I pupils enjoyed bowling at BrLU]swi¢k whilst Y¢ar 14 GeographeTS toured the peace lines in Belfast. End of tenn cinema trips were aanged for Years 8-10. The activities of school clubs were also enabled by the School Fund. The Agriculture Club hosted speakers to whom a small token was presented. The Junior and Senior Scripture Unions benefited from a joint trip to Dungannon Park for a barbeque in th¢ summer tenn. A fun day was organised for Year 14 leavers (the class of 2022) at which they enjoyed outdoor activities and a cater¢d lunch. The cost of this event totalled £1,100. There was an expenditure of £1,119 on Pastoral Care which included Independent L¢arning Workshops for pupils in Years I l arjd 13. The awarding of prizes foT public speaking competitions organised by the English Department and the purchase of Sports Day medals Was also facilitated by the Fund. Furthern]ore, to enable pupil participation in arrange of activities, the fund paid affiliation fees to Ulster Branch Hockey, Northern Ireland Schools, Football, Young Enterprise and the Ulster Schools Athletics Association. £1,925 was spent on the purchase of books and past papers. New fiction books were purchased for the school library, making them accessible to all pupils.
Funds materially in deficit As of July 31,. 2022, ortgh Academy School Fund had no funds in material deficit. Miss W FaTiS (Tr¢asurer)
OMAGN ACADEI MY SCHOOL fiUND REI CEIpf.s ATID PAYMII NI'S ACCOUTrII' for the yeAr encleil 31 Jiily 2022 ChAI'ity No NIC 103664 Tot%1 year funds 2020 Uni'tSti'icteil ftesti'itled £4 111loiYiiiEnt Tutal fun(15 fun(Is iilcume fund5 Ro¢omiii¢ndeil chteKoi'ro5 by nctivity 1021 IncDMe IncDVAe Aiid endowments frDm: Donations 'rrips Gin Aid Music incoTne GTgnts & F.A i"cfunds paiThte Inatci'ial iiein of ineoine Olh¢T Ttst81 I xyettdltur¢ Expenijiture on: 11.340 799 2,384 2.250 625 11.340 799 2.384 2.250 625 12,453 670 17.398 17.39 13.123 Charitable activitics Sepayatt 1178teiial cxpcnsc ireni Olhcr'.- Staff ti2iniDg Ilrpairs and niaintenanc¢ Music cxpcnscs Books & pasi papei3 SpoTlittg txpells& S¢iencelniaihs expenses Siaff diThners & piEseiils HislDry expefises Ensllsh expttn¥es Tjips refijnds Open ni8ht and P6 tJ5tcr ¢vent Year 14 fun day Gentral exp¢nses Jllbilee expcnscs Pastoral care Al'i CXPEnses Agi'icullui21 expenses 320 310 2,774 1,925 1,835 450 53 2,774 1,92i 1,835 456 53 140 IL699 393 100 83 743 4,106 743 4,106 1,100 730 535 735 1.509 730 535 loo 200 100 200 Total 16,097 16.0 15.659 N¢1 incoriifll¢xiiendi¢Mr¢} before tix for tlje rcporliTJg iiEriod Tax payAble Net inconiellexp¢nditurel Rfter tix before li)ve5tmenl EIn$l[lo$se$) Nel ]n(lOSSeS) on invcsiinents Net incomeJlcxpendihti%) ExtrAordtnaiy items Trfilfers betivecil funds Otljer reeognised gArn81{losse8): Gains aDd1055es on revaliiatiui of fixed &55ets for thc chaTIty's own i Oiher gaIn{lOsseS) N¢t moyement in funds (2,5361 1.3VI 12,5361 1.301 1,301 12,530) 12.5361 Reeoncllllltion of fLind$', Tot&1 fndS brouglit forwRrd Totij fund5 cirri¢d forivard 71,903 73.204 71,903 73,204 71,903
OMACxrH ACAI)EMY STA TII MENT ofi ASSEI TS AIYD LIAIIII,ITIES 115 Rt 31 Jiily 2022 Chaj'ity No NIC 103664 UnYEstrl¢itil Rtstricteil ruli115 income funds Ehilowment funds Total 2022 Ttstl 2021 Fixed assots Iiilgngiblc Tangiblegssets H¢ii•ge nsse Tolal fixed as8¢t5 Cur]'ent AJ¥cts Slocks Debtors lnvesimelS Cfi5h al bank Ind in hjnd 'rolal current S5ets 73,205 73205 73,205 73,205 71,9QJ 71.903 Cvedit¢JYs: Hmoumts Iling diie witliln one yeAr ¢ui'r¢llt 4ssotsI(liibililitsl 73.205 71,205 71,903 To¢il #wt$ 1¢9s ¢iirreTIt15thbilities 73.205 73,205 71,903 Credltor8: gmounts flliThg diie fifter ono yur Provis(ons for li8biliiies TotAI net A550ts or IiRbilitlos 71,205 73,205 71.903 uiid$ of the Chfirity ndowment fund5 Rcstrictcd incoinc funds Unrcstricted funds 73,2Q5 73.205 71,903 Rcvaluatlon rc5crvc Fail value reserve Total fun 73,205 73,20.5 71,9D3 Signcd on khalf of all irubttz$:. Dole.. 13 Decemher 2022 is R Maxwell Darc.. I l DettiDber 2022 K Haniilton
Reference and Administrative details Charlty Name Omagh Academy School Fund also known as number 3 account Charlty Numbers HMRC registered charity number.. XN74248 Nl charities registered number: NIC103664 Principal Addre55 21-23 Dublin Road Omagh Co. Tyrone BT78 IHF Charity Trustees as of 31" July 22 Mrs. Ruth Maxwell IPrincipal, Chairman) Mr. Keith Hamilton IVPI Mi55 Wendy Faris IVPI Structure, Governance and Management Governlng document and constitution The Fund 15 governed by a constitution which wa5 last updated 28, May 2015, copies of which are available from the school office. The Fund is run by the trustees for the good of the pupils of the school. Trustee selertion and managemerrt The Fund is managed by the trustees. The trustees were appointed to the position by virtue of being member5 of the school's Senior Management Team1SMTI and will remain a5 trustees while they belong to the SMT. The SMT meet regular with decisions on the Fund being (Jiscu5sed as necessary. The annual report and statement of accounts are approved every year after the accounts are returned from the accountants. Related Organlsatlon The Fund is solely related to the grammar school Omagh Academy and works for the betterment of the pupils within thi5 school.
Objectives and Artivities Charltable Objects The object of the Fund is to advance the education of pupils in the school. The Fund aims to provide monies to enable pupils to engage in activities or provide facilities or equipment which 5UPPOrt the School and advance the edvcation of the pupils or help to develop relationships between the Staff, parents and others associated with the school. Publlc Benefft Statement. The trustees of Omagh Academy School Fund confirm that they have complied with their duty of Charitie5 Act INorthern Ireland) 2008 to have regard to the Charity Commission's guidance on public benefit and that the public benefit requirement has informed the activities of the Fund in the year to June 2020 TH Approved and adopted by a meeting of the trustees on 18 December 2022 and signed on their behalf Mrs. Ruth Maxwell (Chairman)