Omagh/St Columba's/Derry/Church Of Ireland
Trustees, Annual report and Financial Statements
For the year ended 31 December 2022
Charities Number: NIC104764
ST COLUMBA'S
CH U RCH

Omagh/St Columba's/Derry/Church Of Ireland
Annual report and financial statements for the year ended 31 December 2022
Contents
Pages
References and administrative details of the Charity
Trustees. annual report
Independent Examiners Report to the Trustees
Statement of financial activities
io
Balance sheet
li
Notes to the financial statements
12-21

Omagh/St Columba's/Derry/Church Of Ireland
Reference5 and administrative details
Charity Name:
Omagh/St Columba's/Derry/Church Of Ireland
Charity Registration Number..
NIC104764
Contact Address-
The Rectory
8 Mullaghmenagh Avenue
Omagh
BT78 5QH
Trustees
All trustees who served at any time during the year and up to the date of signing the accounts are listed below-
Mr Irwin Brannigan
Mrs Lynne Brannigan
Rev Alexander Chisnall - appointed September 2022
Mr Norman England
Mr Reece England- appointed April 2022
Mr Keith Givens
Rev Graham Hare
Mr Michael Hart
Mr George Henderson- resigned April 2022
Mrs Sandra Isherwood
Mr Marcus Isherwood
Mrjoe Johnston
Mr Wes Lindsay
Mr Glen McBride
Mr Alan Mitchell
Mr David Mitchell
Mr Nigel Strain
Mr Robert Wilkinson
Mr Godfrey Young
Principal Office-bearers {at date of signing)
Clergy:
Secretary-
Church Treasurer-
Church Warden- Rectors-
Church Warden - People-
Rev Graharn Hare
Mrs Sandra Isherwood
Mr Nigel Strain
Mr Keith Givens
Mr5 Lynne Brannigan

Omagh/St Columba's/Derry/Church Of Ireland
References and administrative details Icontinuedl
Independent Examiner
Hamill Mcllwaine Chartered Accountants
28-30 Old Mountfield Road
Omagh
BT79 7BJ
Bankers
Ulster Bank
4 High Street
Omagh
BT78 IBJ

Omaghlst Columba'5/Derry/Church Of Ireland
Trusteeg Annual Report for the year ended 31 December 2022
The trustees present the annual report and financial statements for the St Columba's Church for the year ended 31
December 2022.
Objectives and Activities
The charitable purpose of the Church of Ireland is the advancement of religion.
The principal function of St Columba's Church of Ireland Parish is to support the advancement of the Christian religion by
promotin& through the work of St Columba's Parish Church the whole mission of the Church, pastoral, evangelistic, social and
ecumenical. Being open to and engaging with society as a whole and offering support forthose needing help are fundamental
to the practical delivery of the benefits of Christianity.
As a result of attivity in the pursUIt of the advancement of the Christian religion. St Columba's Parish Church has custody of
propety and of records, materials and artefacts of significance to the cultural and religious heritage and maintenance of which
is undertaken by the select vestry of St Columba's Parish Church.
Achievements, Performance & Public Benefit
lementin
the charitable
ur
ose throu
arish activities within and outside the Parish.
St Columba's Parish Church is under the incumbency of the Reverend Graham Hare and fulfil their charitable purpose
through parish activities both within and outside the parish.
The Parish. in implementing its evangelistic, pastoral, social and ecumenical mission, undertakes a wide range of activities.
In the advancement of the Christian religion we focus on worship by offering services each sunday, in the church. A
growing range of services, outreach initiatives, community engagement events and faith enhancement opportunities is
always evolving.
In sUPPOrt of our worship, the Church engages in a range of pastoral activities to develop social cohesion in the
neighbourhood and help those in social need. Such activities include pastoral visits by the Clergy and Lay Visitors to
hospitals, nursing hornes and residential care centers. The Clergy also visit parishioners in their homes as well as offering
preparation for weddings and baptisms, arranging funerals and offering support to the bereaved in their time of loss.
The pastoral work of the Parish is underpinned by prayer. We regularly engage, along with other parishe5, through the
Omagh Churches Forum and with the Methodist Church. Social and educational interaction is important and St. Columba'5
provides, on a weekly basis, activities to promote social and educational opportunities for all ages. These include a
toddlers group, Sunday School, Confirrnation Class, Youth Fellowship, Evergreen. Mothers, Union, Choir and Bowls.
Additional occasional activities of this nature have included provision of funeral teas, youth and adult Alpha Courses to
facilitate those exploring the Christian faith. Prayer Group, discipleship courses emergency responses to major world
disasters.
2022 saw significant growth in our congregations as people, and these accounts reflect, once again, the generosity of
people and the faithfulness of God in meeting every need. This year saw the parish complete the external renovation of St
Columba's Church, and our attention will soon turn to the interior. Along with other churches, we have been impacted by
the rising costs of energy and high inflation. Those factors have an impact on mission and ministry, but we look forward
with confident faith to what God has in store in the year ahead.
This yearsaw the staff team grow when we welcomed Rev Alexander Chisnall as Curate Assistant to the Parish. This year
also saw the departure of our Organist, Mr Derick Weir.

Omagh/St Columba's/Derry/Church Of Ireland
Trustees, Annual Report for the year ended 31 December 2022 Icontinuedl
The church was successful in securing permission to embark on the largest capital building project in a generation. This was
to enhance and preserve the exterior fabric of the church building for futu re generations. In order to sustain this project the
church availed of various grants and donations to complete phase 2 thus completing the renovation of the exterior of the
church.
With an ageing congregation the Parish has continued to progress its project to improve accessibility to our church building
and hall to facilitate those with mobility issues. The plans also include the provision of an accessible WC and wheelchair
spaces within the church car park. In working with conservation and ecclesiastical architects, planning permission has been
granted for this work and for future proposals to improve car parking within the church grounds. Church of Ireland approvals
have also been granted.
Expenditure is incurred in the provision of the above artivities and in the maintenance of the church facilities and services.
The Select Vestry, which is made up of our Trustee5, Seeks to steward our financial resources wisely and support the work
of our mission.
In all our 3Ctivities designed to reach out to Children and Young people the Parish adheres to the Safeguarding Trust, the
Church of Ireland policy for working with Children and Young People. Subsequent to year end and in light of guidance issued
by.the Charities Commission, the Select Vestry, as Trustees, has reviewed the operation of its Safeguarding Trust Committee
especially in the context of reporting untoward events to the Police Service for Northern Ireland and the Charities
Commission for Northern Ireland.
St. Columba's remains committed to our mission through outreach by contributions to support the work of various
organisations, local and international. A review of our support for such organisations shows a wide range of recipients
including for example Youth for Christ, South American Mission Society, Cancer Research, Scripture Union and The Bishop's
Appeal.
The Parish has a long-standing association with Ty Caraid in Africa and maintains financial and practical support for the work
there in the areas of health and education.
St. Columba's Church is committed to the mission of providing pastoral care to its members and seeking to draw them
closer to God in their daily lives.
Prudent financial management of incorne and expenditure by the Selett Vestry is a vitslly important objective in the day-
to day managernent of the Parish, The main source of income comes from regular freewill offering frorn parishioners and
associated gift aid. Expenditure is incurred in the provision of the above activitie5 and in the rnaintenance of the church
facilities and services. A key area of expenditure is staff costs including the payment of clergy and wages to lay employees
including a sexton and a musical director. Payments to the central church bodies, insurances, property repairs and
maintenance to church properties and allocations to charitable organisations are also areas of significant expenditure.
Other costs include payments in relation to estate, licences, compliance costs, professional fees and materials and
equipment required for effective delivery of church activities.
Many of our members are very appreciative of the opportunities for fellowship and spiritual growth that the church offers to
them and we want to offer these opportunities to as wide a demographic as we can.
Finally, the Parish continues to give careful consideration to following the Charity Commission for Northern Ireland's guidance
on public benefit to ensure that its activities during the year, and those planned for the future, have and will continue to achieve
the Parish's objectives as well as providing public benefit.

Omagh/St Columba's/Derry/Church Of Ireland
Trustees, Annual Report for the year ended 31 December 2022 (continued}
Financial Review
A5 Costs continue to rise, the Select Vestry remain5 prudent in its management of Parish finances. We acknowledge that
everything we have 15 3 gift from God, and therefore seek to rnake decisions which reflect the mission and ministry priorities
of his church.
This past year has once again seen unpredictable levels of income, caused by the on-going restrictions in place around meeting
and, earlier in the year, churches being closed in a bid to curb infection levels. This report is evidence of increased giving
through our Freewill Offerin& and an increased number of parishioners choosing to give by Standing Order.
Going Concern
The trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure
that the Parish can continue its activities and the financial staternents for the year ended 31 December 2022 can be signed off
as a going concern.
Structure, Governance and Management
Governing Document and Constitution of the Charity
Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisations. The Select Vestry
members are the Charity Trustees.
Recruitment andAppointment of Selert Vestry (Trustees)
All members of the Church of Ireland who are over the age of 18 and are either resident within the parish or live elsewhere
but have been accustomed members of the congregation for at least three months, may register a5 members of the General
Vestry of the parish, allowing them to attend and vote at meetings of the General Vestry and to stand for election to the
Select Vestry, subject to meeting the required conditions.
Meetings of the General Vestry are held usually once per year. The Selett Vestry Is elected at this General Vestry meeting. The
Select Vestry will hold their positions for a period of one year. Select Vestry members may be re-elected annually and there is
no limit on the number of terms which may be seNed.

Omagh/St Columba's/Derry/Church Of Ireland
Tru5tees' Annual Report for the year ended 31 December 2022 (continued)
Puy and remuneration
The Rector and Curate receive a stipend and ofFice and locomotory allowances in accordance with figures approved by the
General Synod of the Church of Ireland and pension contributions and Employees National Insurance are paid in accordance
with Diocesan recommendation.
The Organist and Sexton receive salaries commensurate with role and experience.
Oryonisotionalstructure
The select vestry consists of the member of the clergy serving in the parish, any curate assistant I the curate"). the
churchwardens, the glebe wardens and generally not more than twelve other members of the general vestry elected at the
General Vestry.
The select vestry is chaired by the incumbent or other member of the clergy officiating in the parish. Select vestry members
are responsible for making decisions on matters of general concern and importance to the parish including deciding how parish
funds are to be applied.
The Select Vestry meets at times fixed by the members or by the diocesan synod. Special meetings rnay be convened at any
time by the chairperson or the churchwardens
Compliance with Public Benefit
The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to
ensure that the artivities entered into during the year have helped to achieve the Parish's objectives and activitie5. as wel l as
providing public benefit.

Omagh/St Columba's/Derry/Church Of Ireland
Trusteeg Annual Report for the year ended 31 December 2022 (continued)
Statement of Tru5tees' Responsibilities
The trustees are responsible for preparing the Trustees, Report and the statement of receipts and payments and statement of
assets and liabilities in accordance with applicable law and regulations.
The law applicable to charities in the Northern Ireland requires the trustees to prepare financial statements for each financial
year. Under that law the trustees have prepared the financial statements in accordance with Generally Accepted Accounting
Practice in the United Kingdom (accounting standards issued by the Financial Reporting Council in the UK , including Charities
SORP IFRS 1021 ' Accounting and Reporting by Charities- Statement of Recomrnended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and
promulgated by the Institute of Chartered Accountants in the United Kingdom and United Kingdom Lawl Under that law the
trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of
the affairs of the charity and of the statement of financial activities of the charity for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently,-
makejudgments and estimates that are reasonable and prudent
state whether the financial staternents have been prepared in accordance with applicable Accounting Standards and
identify the standards in question, subject to any material departures being disclosed and explained in the financial
statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Parish will
continue as a going concern.
The trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish's transactions
and disclose with reasonable accuracy at any time the assets and liabilities of the Parish. They are also responsible for
safeguarding the assets of the Parish and hence for taking reasonable steps for th e prevention and detection of fraud and other
irregularities.
Signed on Behalf of the Trustees
Rev Graham Hare
Mrs Sandra Isherwood- Secretary
Date

Independent Examiners Report to the Trustees of Omagh/St Columba's/Derry/Church Of Ireland
We report on the accounts of Omagh/St Columba'slDerry/Church of Ireland for the year ended 31 December 2022, which are
set out on pages 10-21.
Respective responsibilities of charrty trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act
(Northern Ireland) 2008.
It is our responsibility to:
Examine the accounts under section 65 of the Charites Act.
Follow the procedures laid down in the general Direction given by the Commission under section 6519llbl of the
Charities Att.
State whether particular matters have corne to our attention.
Basis of independent examinevs report
We have examined your charity accounts as required under section 65 of the Charites Act and our examination was carried
out in accordance with the general Directions given by the Charity Commission.
Our examination included a review of the accounting records kept by the charity and a comparison of the accounts presented
with those records. It also included consideration of any unusual items or disclosures in the accounts and seeking
explanations from you as charity trustees concerning any such matters.
Our role is to state whether any rnaterial matters have come to our attention giving us cause to believe-.
That accounting records were not kept in accordance with section 63 of the Charities Act
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of the Charites Att
That there is further inforrnation needed for a proper understanding of the accounts to be reached.
Independent examinerfs statement
We have completed our examination 3nd have no concerns in respect of the matters111 to141 listed above and in connection
with following the Directions of the Charity Commission for Northern Ire13nd, we have found no matters that require drawing
to your attention.
Hamill Mcllwaine
Chartered Accountants
28-30 Old Mountfield Road
Omagh, Co. Tyrone
Bf19 7BJ
Date

Omagh/St Columba's/Derry/Church Of Ireland
Statement of Financial Activities for the year ended 31 De￿rnber 2022
Unrestrirted
Funds
2022
Restricted
Funds
2022
Endowment
Funds
2022
Total
2022
Total
2021
Note
Income
Donations & legacies
Other trading activities
Investments
Charitable activities
105,379
20,545
26,065
2.032
69,685
5,123
175,064
25,668
26,065
5,599
180,266
14,352
27,962
17,586
3,567
Total Income
154,021
78,375
232,396
240,166
enditure on:
Generating funds
Charitable activities
Other
Total Ex
410
136,201
356
19.488
5,447
25,291
766
155,689
5,447
161,902
127,149
1,714
128,863
enditure
136,611
Net Income/ (Expenditure) before
transfers
17,410
53,084
70,494
111,303
Transfers between funds
143.8021
43,802
Net Income/ (Expenditure) before other
recognised gain5 and losses
126,392)
96,886
70,494
111,303
Gain/lLossl on investments assets
123,7401
(23,740)
16,967
Net movement in funds
126,3921
96,886
{23,7401
46,754
128,270
Reconciliation of fund5:
Total funds brought forward
1,127,857
478,039
351,339
1,957.235
1,828,965
Total funds carried forward
1,101,465
574,925
327,599
2,003,989
1,957,235
10

Omagh/St Columba's/DerrylChurch Of Ireland
Balance Sheet as at 31 December 2022
2022
2021
Fixed Assets
Tangible Fixed Assets
Investment Properties
Investments
Total fixed assets
li
12
983,263
723,500
184,849
1,891,612
885,590
723,500
208,589
1,817,679
13
Current Assets
Debtors
Cash and cash equivalents
Total current assets
14
20,462
156,008
176,470
17,444
213,944
231,388
Creditors- amounts falling due within one year
Total creditors
15
(1,433)
(1,433}
{1,039}
11,039}
Net Current Assets
175,037
230,349
Creditors- amounts falling due after one year
Loans
(62,660)
(90,793)
Total net Assets
2,003,989
1,957,235
The funds of the parish
Unrestricted funds
General funds
Designated funds
Total unrestricted funds
Restricted Funds
Endowment Funds
16
1,017,467
83,998
1,101,465
574,925
327,599
1,059,944
67,913
1,127,857
478,039
351,339
16
16
Total charityfunds
2,003,989
1,957,235
The notes on pages 12 to 21 are an integral part of these financial statements.
The financial statements on pages 10 to 21 were approved by the Board of Trustees on
its behalf by:
41 s and signed on
Rev Graham Hare
Mrs Sanrda Isherwood

Omagh/St Columba's/Derry/Church Of Ireland
Notes to the financial Statements for the year ended 31 December 2022
Accounting policies
Set out below are the principal accounting policies which have been adopted in the compilation of the Financial Statements.
al Basi5 of preparation
The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by
Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}- {Charities SORP IFRS 10211, the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 102}.
The Parish meets the definition of a public benefit entity. Assets and liabilities are initially recognised at historical cost and
transaction value unless otherwise stated in the relevant accounting policy notes.
b) Preparation of accounts on a Eoing concern basis
The Parish generally meets its day to day working capital requirements from its annual income. The Trustees have obtained
and reviewed cash flow forecasts for the coming year and based on these are satisfied that the Parish has resources to provide
a reasonable expertation that it can continue to meet it5 financial obligations as they fall due for the foreseeable future.
Therefore these financial statements have been prepared on a going concern basis.
c) Income
Plate Collections, Weekly Envelopes, Graveyard income are accounted for on a cash receipts basis as the amount is collected
Income arising from the rental of Parish Centre facilities to third parties is recognised when the parish has entitlement to the
funds. any performance conditions attached to the income have been met, it is probable thatthe income will be received and
the amount can be measured reliably.
Incorne from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has
entitlement to the funds, any performance conditions attached to the grants have been met. it is probable that the income wil I
be received and the amount can be measured reliably and is not deferred.
Legacies are included within Income, under either unrestricted or restricted funds, according to the terms under which the
donation is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought
into the accounts at their fair value to the Parish.
d) Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make 3 p3yrnent to a third party, it is probable that
settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
12

Omagh/St Columba's/Derry/Church Of Ireland
Notes to the financial statements for the year ended 31 December 2022 {continuedl
l. Accounting policies (continued)
e} Tangible a55ets
The assets of the Parish. retained for its own use comprise:_
Church Building lincluding fixtures and fittings) and Graveyard
Church Hall
Rertory
Curatage
Church building and Graveyard
The Church Building and Graveyard are deemed to be Heritage assets as defined by the Charities SORP IFRS1021
These Heritage assets are not included in the balance sheet as information on the cost or valuation is not available and such
information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish.
Church Hall
The church hall was built in 1973. There are no reliable records of the cost of this construction and valuation approach for
such a building lacks sufficient reliability. As a result this building is not recognised in the parish balance sheet.
The rectory
The rectory is recognised at its capital value as per Land and Property Services. No depreciation has been provided on the
rectory as the current estimated residual value is not less than its carrying value and the rernaining useful life currently
exceeds 50 years.
The curatage
The curatage is recognised at its capital value as per Land and Property Services. No depreciation has been provided on the
curatage as the current estimated residual value is not less than its carrying value and the remaining useful life currently
exceeds 50 years.
Fixtures and fittings for use the by charity are capitalised if they can be used for more than one year, and cost at least
£4,000. Fixtures and Fittings are recognised at cost or, if gifted. at the value to the charity on receipt and are depreciated
on a reducing balance basis over a period of 10 year5.
The assets, residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.
Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal. the difference
between the new disposal proceeds and the carrying amount is recognised in the statement of financial artivities and
included in 'Other operating Ilossesl/gains'.
13

Omagh/St Columba's/Derry/Chur¢h Of Ireland
Notes to the financial statements for the year ended 31 December 2022 {continuedl
Accounting policies Icontinuedl
li) Investments
Fixed asset investments comprising investment properties, investments in equities (ordinary shares} and investment in RCB/CIT
Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each balance sheet date. Investments
in unquoted investments are recorded at cost and are assessed annually for irnpairment. Unrealised gains and losses represent
the difference between the fair value at the beginning and end of the financial year or, if purchased in the year, the difference
between cost and fair value at the end of the year. Realised gains and losses represent the difference between the proceeds
on disposal and the fair value at the start of the year or cost if purchased in the year. Both realised and unrealised gains and
1055es in investments are reported within "Net Gains / (Losses) on Investments" within the Statement of Financial Activities.
g) Cash and cash equivalents
Cash and cash equivalents IndUd￿ cash in hand, deposits held at call with banks, other short-terrn highly liquid investments
with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within Creditor5 Amounts
falling due within l year.
h) Financial instruments
The Parish only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial
instruments are initially recognised at transaction price and subsequently measured at their settlement value.
il Funds
Funds are classified as either restricted funds or unrestricted funds, defined as follows.
Restricted funds are funds 5ubjett to specific requirements as to their use which may be declared by the donor or with their
authority or created through legal processes, but still within the wider objects of the Parish.
Endowment funds are funds which h3ve been given on the condition that the original capital sum is not reduced. but the
income there from is used for the purpose defined in accordance with the objects of the Parish.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of th e objects of the charity. If parts of the
unrestricted funds are earmarked at the discretion of the trustees for a particular purpose, they are designated as a separate
fund. This designation has an adrninistrative purpose only and does not legally restrict the trustees, discretion to apply the
fund.
Critical accounting judgements and estimation uncertainty
Estimate5 and judgments made in the process of preparing the financial statements are continually evaluated and are based
on historical experience and other fartors, including expectations of future events that are believed to be reasonable under
the circumstances. The Trustees do not consider that there are any critical judgments made in applying the Parish's
accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of
causing a material adjustment to carrying amounts of assets and liabilities within the ne)rt financial year.
14

Omagh/St Columba'slDerry/Church Of Ireland
Notes to the financial statements for the year ended 31 December 2022 {continued}
3. Donations and legacies
Unrestricted
Funds
2022
Restricted
Funds
2022
Endowment
Funds
2022
Total
2022
2021
Plate Collections
Weekly envelopes / FWO
Tax recovered on Donations
Legacies
Endowment income
Grants
Other donations
4,382
75,405
18,247
4,382
88,941
19,720
5,440
5,772
37,035
13,774
175,064
2,855
80,430
17.444
13,536
1.473
5,440
4,365
33,620
11,251
69,685
1,407
3,415
2.523
105,379
10,576
62,117
6,844
180,266
4. Other trading activities
Hall rental
Car Park rental
Fundraising
Other
7.578
11,682
1,285
7,578
11,682
6,408
2.255
12,081
16
5.123
20,545
5,123
25,668
14,352
5. Investments
Deposit interest
Rental Incorne- Investment Properties
25
26.040
25
26.040
27.960
26,065
26,065
27,962
Charitable activities
Organisations Income
Other Income
Vacancy refund
3.567
3,567
2,032
452
1,468
15,666
17,586
2.032
2,032
3,567
5.599
15

Omagh/St Columba's/Derry/Church Of Ireland
Notes to the financial statements for the year ended 31 December 2022 (continued)
Analysis of Expendtture
Unrestricted
Funds
2022
Restricted
Funds
2022
Endowment
Funds
2022
Total
2022
2021
Generating Funds
Fundraising costs
Other
410
356
766
410
356
766
Charitable Activities
Wages and Salaries
Diocesan Costs/Asse55ment
Church Running Costs
Rectory/ Curacy Cost5
Hall expenses
Property expenses
Investment costs
Administration Costs
Charitable Donations
12,300
76,947
21,778
5,684
9,334
1,950
I,iii
1,413
1,763
6,281
13,411
78,360
23,541
11,965
9.334
5,248
14,565
69.909
15,911
4,225
1,907
11,976
3.298
3.811
4,397
3,811
10,019
3,797
4,859
5,622
136,201
19,488
155,688
127,149
Other Costs
Loan interest
Organisations expenses
3,623
1,824
5,447
3,623
1,824
5,447
647
1,067
1,714
Total Expenditure
136,611
25,291
161,902
128,863
Governance costs of £1,445 were incurred during the year of which £1,445 relate5 to fees paid to the independent
examiner. Governance costs are included within Administration costs above.
16

Omaghlst Columba's/Derry/Chtsrch Of Ireland
Notes to the financial statements for the year ended 31 December 2022 (continued)
Gain /ILoss) on Investment Assets
2022
2021
Unrealised fair value gains / Ilossesl on investments
123,7401
123,7401
16,967
16,967
Taxation
The Omagh/St Columba's/Derry/Church Of Ireland is recognised as a charity for the purposes of applicable
taxation legislation and is therefore not subjert to taxation on its charitable activities.
10. Analys15 of staff costs, trustee remuneration and expenses, and the cost of key management personnel
Employees
2022
2021
Salaries and wages
National insurance costs
13,268
143
14,181
384
Total
13,411
14,565
The average number of employees during the year. calculated on the basis of a head count. was as follows-
2022
Number
2021
Number
Music staff
Prernises rnaintenance
There are no employees in receipt of employee benefits in excess of £60,000
Key Management and frustees
Key rnanagÈment are deemed to comprise the Trustees. The parish paid expenses of £4,178 relating the running
costs of the glebe house which is occupied by the rector and £1,505 relating to the running cots of the Curatage
which is occupied by the curate. £331 was also paid to the Church Warden, £1,367 to the Building Supervisor and
£1,678 to the rector for expenses owed. No other trustee received any remuneration or reimbursement of
expenses during the year.
17

Omagh/St Columba's/Derry/Chur¢h Of Ireland
Notes to the financial statements for the year ended 31 December 2022 {continuedl
11. Tangible fixed assets
Buildings
C05t
At beginning of the year
Additions
At end of the year
885,590
97,673
983,263
Depreciation
At beginning of the year
At end of the year
Net book value at beginning of the year
Net bookvalue at end of the year
885,590
983,263
12. Investment Properties
Balance at Beginning of the year
Balance at end of the year
723,500
723,500
18

Omagh/St Columba's/DerrylChurch Of Ireland
Notes to the financial Statements for the year ended 31 December 2022 (continued)
13. Investments
Other
Investments
Balance at beginning of the year
Fairvalue gain / Iloss} on
investrnents
208,589
123.7401
Balance at end of the year
184,849
Analysis of Investments
Investments in RCB Unit Trusts
Investrnents in CIT Unit Trusts
37,814
147,035
184,849
14. Debtors
2022
2021
Sundry debtors
Other- Gift Aid reclaim
20,462
20,462
17,444
17,444
15. Creditors Amounts Due within l Year
2022
2021
Accruals and deferred income
Taxation and Social Security
855
578
1,433
1.039
1,039
19

Omagh/St Columba's/Derry/Church Of Ireland
Notes to the financial statements for the year ended 31 December 2022 (continued)
16. Funds of the Parish
Atljan
2022
At 31 De¢
2022
Income
Expenditure
Movement
Transfers
Endowment funds
The James Harnilton Bequest-
30 day reserve
The James Hamilton Bequest-
house
Various legacies/ bequests
invested with RCB
29,250
29,250
113,500
113,500
208,589
351,339
123,7401
{23,740)
184,849
327,599
Restricted funds
Current account- for new
building
Fabric Fund
Missions and charities
Dividneds
Organisations
Fixed assets
Debtors
Bank loan
Creditors
33,620
29,740
5,610
4,365
3,567
97,673
3,589
31,939
184
210,287
178,472}
161,0091
15,6101
14,3651
11,8241
144,8521
131,2691
44,852
30
35,294
4,055
11.871
520,590
2,116
(90,7931
{1,0391
478,039
1,743
97,673
1,473
28,132
184
11,080}
12,534
618,263
3,589
162,6611
18551
574,925
12,116}
13.8071
(157,203)
53,084
43,802
Unrestricted funds
Designated Hall Fund
Designated Car Park Fund
Designated Organ Fund
Designated Graveyard Fund
De5ignated- Building
Sustentation account
General Fund
Tangible fixed assets
Investment Properties
Debtors
Creditors
359
56,810
2,030
8,713
9,078
11.682
{9,334}
16801
1321
1241
1256}
11,002
1321
236
1,285
3,217
991
3,953
67,812
1,998
8,949
1,285
10,556
15,617
365,000
610,000
16,873
{578)
1,101,465
260
1,285
75.405
54,768
7,339
62,278
365,000
610,000
15,328
172,1881
{53,7771
147,6521
16,873
115,3281
1578}
{151,941)
1,545
15781
17,410
1,127,857
169,351
(43,8021
Total fund5
1,957,235
379,638
1309,144)
46,754
2,003,989
Pur
oses of Endowment Funds:
Income from James Hamilton Bequest is to be used for general church purpose5.
Income from the various bequests/legacies invested with RCB are to be used for general church purposes.
Pur
ose5 of Restrirted Funds:
Fabric fund= This 15 a fund for the maintenance of the church property including the rettory and the curatage.
20

Omagh/St Columba's/Derry/Church Of Ireland
Notes to the financial statements for the year ended 31 December 2022 (continued)
16. Fund5 of the Parish (continued)
Pur
oses of Desi
nated Fund5=
Hall Fund: The Trustees have set aside funds for the maintenance of the church hall.
Car Park Fund- The Trustess have set aside funds for the maintenance for the church car park.
Organ Fund- The Trustees have set aside funds for the maintenance ofthe church organ.
Graveyard Fund: The Trustees have set aside funds for the maintenance of the church graveyard.
Building Fund IReserve account): The Trustees are using the 30 Day reserve account to hold funds set aside for work to
be carried out on the church building as well as the James Hamilton bequest cash.
17. Analysi5 of Net Assets Among Funds
General
Designated
Restricted
Endowment
Total
Fixed Assets
Investments
Current Assets
Total Liabilities
Net assets at 31 Dec 2022
365,000
610,000
43,045
15781
1,017,467
618,263
983,263
908,349
176,472
{64,095}
2,003,989
298,349
29.250
83,998
20,179
163,5171
574,925
327,599
18. Collection for Third Parties
2022
2021
Poppy Appeal
Confirmation Service Collection
Bishops, Appeal
Orange Service Collection
Omagh Academy Carol Service
Gibson Primary School Carol Service
Omagh District Welfare
RUC GC service Collection
Mothers Union Service Collection
loo
97
1,367
971
1,441
775
330
629
919
290
5,610
1,309
The above amounts have been included in Total income for the Year under Charitable Activities.
21