VERifAS VLNCET. Omagh Academy School Fund Annual Report Statement of Accounts l Aug 2022 to 31 July 2023
St Annual Report for the year ended July 31 2023 The trustees of Omagh Academy are pleased to submit their report and accounts for the st period August 1 2022 to July 31 st 2023. Income receipts for the year totalled £18,578. The main source of income was parental contributions. Gift Aid totalled £2,055. As trustees, we are grateful to parents for their fmancial support of the school fund. The charity spent £24,881, leaving a deficit of £6,303. The overall balance in the account is £66,901. The most significant expenditure was £10,979 on school trips. Pupils had opportunities to participate in year group and subject outings, for example, Year 12 pupils travelled to the Millenium Fonun to watch a production of the GCSE English Literature text: Blood Brothers, Year 8 ventured to Castlecoole for an Induction trip, Year l O visited the Armagh Planetariutn, Year I l enj oyed bowling at Brunswick whilst A Level Politics students toured Stormont and GCSE and A Level Agriculture pupils went on a number of farni visits. A fun day was held for Year 14 leavers (the class of 2023) at which they enjoyed team building activities and a lunch provided by outside caterers. There w&s a total expenditure of £1,919 on books and past papers for pupils in Years 8-14. £2514 was spent on Revision Skills Workshops for pupils in Years 8, 1 l and 13. Smaller amounts facilitated the awarding of prizes for public speaking competitions Organised by the English Department, an Anti-Bullying workshop and Music expenses. Affiliation fees for Young Enterprise, Ulster Branch Hockey and Ulster Schools, Athletics were also covered. Funds materially in defieit st As of July 31 . 2023, Omagh Academy School Fund had no funds in material deficit. Miss W Faris (Treasurer)
OMAGH ACADEMY SCHOOL FUND RECEI IPTS AND PAYMENTS ACCOUNT for the year ended 31 Jiily 2023 Charity No NIC 103664 Total year fun(Is 2022 Unrestrieled Restricted E4 n(loivnient Total funds funds income funlls funds 2023 Recommended eattgories bJT getivity 1cOme Income And endoivmenls from: Donations Ti'ips GiftAid Music incom¢ Grnnls & EA IEfuiid5 Sioff dlnners & presen15 Other incoine Sep&i'ale niaterial item of incoii)e 11.715 753 2,055 700 400 2.000 955 11,715 753 2,055 700 400 2.000 955 11,340 799 2,384 2.250 625 Total Expen(litui'e I xpenditure on: Raisii)g funds Chayilable aclivitles Seporale Inttterial ex'pens¢ item Oilier:. R¢fi'eshii)enls Spe¢ch day Music expenses Books & pftsl pap¢i Spoiling exp¢i)ses Sciei)ce/maihs expenses BIEakfa9t cliib Staff dinner5 & presents History ¢xpens¢s English expenses Ti'ips Opei) night and P6 taster ¢venl Year14 fun day Genei?l ¢xpens¢s Special event expen5¢S Pasloral care Ail expenses AlCUltU181 expenses 18,578 18.578 17,398 320 71 220 722 1.919 3.106 364 133 71 220 722 1,919 3,106 364 133 2,774 1,925 1,835 456 53 480 994 10,979 480 994 10.979 743 4,106 2,315 1,350 1,063 1,030 2,315 ,350 1,063 1,030 ,100 730 535 1,119 100 200 135 135 TolAI 24.881 24,881 16,097 Ncl incomel(cypendlture) before tAx fni. tlie reporting pcriod T&N payable Net incomel(cxpendlture) after tfix bcfoyc Investment gains1(losscs) Net Bginsl(10sses) on inveslinenls N¢t incomcl(¢xpenditure) Ei xlrior(linAry Items TYan5fers betii'een fund5 Otliei. Ivogni5ed gainsl(losscs): Gains and10sw on rcvalualion of fixed assets for the ch8rity's own usc Other g8insl(losses) N¢t movement in funds {6,303 ) (6,303 ) 1,301 (6,303 ) (6,303 ) 1,301 (6,303 ) (6,303 ) 1,301 (6.303 ) (6,303) 1.301 Recoiicili8lioo offund5: Total fui)ds bi'oughi foriylli'd TotAI funds eaYrle(I fonvRril 73,204 66,901 73,204 66,901 71.903 73,204
OMAGH ACADEIVIY STATEMEI NT OF AsSTs AIYD I.IAIIILITIES as at 31 July 2023 Chai'ity No DIIC 103664 Unrestrlcted Resti'icted funds Income funds Endoivmeiit funds Tot41 2023 Totftl 2022 Fixed Assets Intangible &ssets Tangible assets Helitage assets Investments Totfii fixed Assets Current A5scts Stocks Debtors rnveslm¢nts Casl) 8t bank and in hand Total ¢uri'eiit a55ets 66.901 66,901 66,901 66,901 73,205 73,205 Credltors: amounts f8lllng due wlthin oiie yeAr Net current 8sset51(IiRbllltieB) 66,901 66,901 73,205 Total Rssets le55 cui'reiit IIAbllities 66,901 66,901 73,205 Creditor5: Nmouiits fAlllng duo Hfter one yeHI' Pi'ovisions for li&bilitits Tot81 iiet Rssets or IIAbilltle5 66,901 66,901 73,205 Funds of tho ChRI'Ity Endowment funds R¢sli'lcted incom¢ tlJnd$ Unr¢stt'icted fund5 R¢valuatlon reserve Fair value reserv8 Total funds 66,901 66,901 73,205 66.901 66.901 73,205 Signcd on behalf of all ti'ustees;. Date ". 19 January 2024 MJ3 R Maxivell Date: 19 January 2024 Miss W F8ris
Reference and Administrative details Charlty Name Omagh Academy School Fund also known as number 3 account Charity Numbers HMRC registered charity number: XN74248 Nl charities registered number: NIC103664 Prlnclpal Address 21-23 Dublln Road Omagh Co. Tyrone BT78 IHF Charity Trustees as of 31" July 2023 Mrs. Ruth Maxwell IPrincipal, Chairman) Mr. Keith Hamilton IV.P.I Miss W Faris {V.P., treasurer) Structure. Governance and Management Governlng document and constltution th The Fund is governed by a constitutSon which was 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 puplls of the school. Trustee selectlon and management The Fund Is managed by the trustees. The trustees were appointed to the p051tion by virtue of being member5 of the school's Senior Leadership Team ISLT) and will remain as trustees while they belong to the SLT. The SLT meet regular with declsions on the Fund being discussed 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 this school.
Objectlves and Actlvlties Charitable 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 activlties or provide facilitles or equipment which sUPPOrt the School and advance the education of the pupils or help to develop relationships between the staff, parent5 and others associated with the School. Publlc Beneflt Statement. The trustees of Omagh Academy School Fund confirm that they have complied with their duty of Charlties Act {Northern 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 2023 th Approved and adopted by a meetlng of the trustees on 19 January 2024 and si8ned on their behalf. Mrs. Ruth Maxwell (Chairman)