Omagh/st Columba's/Derry/church Of Ireland
Trustees, Annual report and Financial Statements
For the year ended 31 December 2023
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 2023
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
References and admlnlstratlve detalls
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
Mrs Ruth Elkin - Appointed April 2023
Mr Norman England
Mr Reece England
Rev Graham Hare
Mr Michael Hart
Mrs Sandra Isherwood
Mr Marcuslsherwood
Mr Joe Johnston - Resigned April 2023
Mr Wes Lindsay
Mr Glen McBride
Mr Alan Mitchell
Mr David M itchell
Mr Nigel Strain
Mr Robert Wilkinson
Mr Godfrey Young
Principal Office-beaiers (at date of signing)
Clergy..
Secretary..
Church Treasurer..
Church Warden- Rectors:
Church Warden - People:
Rev Grah3m Hare
Mrs Sandra Isherwood
Mr Nigel Strain
Mrs Glynis Mehaffey
Mrs Lynne BranniE3n

Omagh/St Columba'slDerry]Church Of Ireland
References and administrative detalls {contlnuedl
Independent Examiner
Hamill Mcllwaine Chartered Accountant5
28-30 Old Mountfield Road
Omagh
BT79 7BJ
Bankers
Ulster Bank
4 High Street
Omagh
BT78 IBJ

Omaghlst Columba's/Derry/Church Of Ireland
Trustees, Annual Report for the year ended 31 December 2023
The trustees present the annual report and financial statements for the St Columba's Church for the year ended 31
December 2023.
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
promoting, 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 for those needing help are fundamental
to the practical delivery of the benefits of Christianity.
As a result of activity in the pursuit of the advancement of the Christian religion, St Columba's Parish Church has custody of
property 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
lernentin
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, assisted by Reverend Alexander Chisnall,
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 service5 each Sunday, in the church. A
growing range of services, outreach initiatives, community engagement events and faith enhancement opportunities is
always evolvinE.
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 to hospitals, nursing
homes and residential care centers. The Clergy also visit parishioners in their homes as well as offering preparation for
weddings and bapt15ms, arranging funerals and offering support to the bereaved in their time of loss.
The pastoral work of the Parish 15 underpinned by prayer. We regularly engage, along with other parishes, through the
Omagh Churches Forum and with the Methodist Church. Social and educational interaction is important and St. Columba's
provides, on a weekly basis, activities to promote social and educational opportunities for all ages. These in clude a
toddlers group, Sunday School, Confirmation Class, Living Ladies Group, Lent and Advent lunches, Youth Fellowship,
Evergreen, Mothers, Union, Choir and Bowls. Additional occasional activities of this nature have included provision of
funeral teas, ministry courses to facilitate those exploring the Christian faith. Prayer Group, discipleship courses
emergency responses to major world disasters.
2023 saw continued 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 internal renovation of
our Parish Centre and the creation of a new Garden of Reflection in the ground of the church building. 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 confldent faith to what God has in store in the year ahead.

Omagh/St Columba's/DerYylChurch Of Ireland
Trustees, Annual Report for the year ended 31 December 20231contlnued}
Expenditure is incurred in the provision of the above activitie5 and in the maintenance of the church facilities and services.
The Select Vestry, which is made up of our Trustees, seeks to steward our financial resources wisely and support the work
of our mission.
In all our activities 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.
St. Columba's remains committed to our mission through outreach by contributions to support the work of variou5
mission organisations, local and international. A review of our support for such oruanisations shows a wide range of
recipients including for example Youth for Christ, South American Mi55ion Society, Care for Cancer, Scripture Union and
Bishop's Appeal. The Parish continues our 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 commltted to the mission of providing pastoral care to its members and seeking to draw them
closer to God in their daily live5.
Prudent financial management of income and expenditure by the Select Vestry is a vitally important objective in the day-
to day management of the Parish. The main source of income comes from regular freewill offering from parishioners and
associated gift aid. Expenditure is incurred in the provision of the above activities and in the maintenance of the church
facilities and services. A key area of expenditure is staff costs including the payrnent of clergy and wages to lay employees
including a sexton. Payment5 to the central church bodies. insurances, property repairs and maintenance to church
properties and allocation5 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.
Finally, the Parish continues to give careful consideration to following the Charity Commission for Northern Ireland's Euidan ce
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/DerrylChurch Of Ireland
Trustees, Annual Report for the year ended 31 December 2023 {continuedl
Financial Revlew
A5 Costs continue to rise, the Select Vestry remains prudent in its rnanagement of Parish finances. We acknowledge that
everything we have is a gift from God, and therefore seek to make decisions which reflect the mission and ministry priorities
of his church.
Going Concern
The trustees have reviewed the budgets for the year ahead and are satlsfied that there are adequate funds in place to ensure
that the Parish can continue its activities and the financial statements for the year ended 31 December 2023 can be signed off
as a going concern.
Structure, Governance and Management
Governing Document ond Constitution of the Churity
Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Parochi31 Organisations. The Select Vestry
members are the Charity Trustees.
Recrultment and Appointment of Select Vestry (Trusteesj
All Members of the Church of Ireland who are over the aEe 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 as 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 Select Vestry is elected at this General Vestry meeting. The
Select Vestry will hold their positions for a period of one year. Select Vestry members m3y be re-elected annually and there is
no limit on the number of terms which may be served.

Omaghlst Columba's/Derry/Church Of Ireland
Trustees, Annual Report for the year ended 31 December 2023 Icontlnuedl
Pay und remuneratlon
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 Sexton receives a salary commensurate with role and experience.
Organlsutlonal Structure
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 may be convened at any
time by the chairperson or the churchwardens
Compliance with Public Benefit
The Parish has given careful consideration to the Charity Cornmis5ion for Northern Ireland's guidance on public benefit to
ensure that the activitie5 entered into during the year have helped to achieve the Parish's objectives and activities, as wel l as
providing public benefit.

Omaghlst Columba'slDerry/Church Of Ireland
Trustees, Annual Report for the year ended 31 December 2023 {continued}
Statement of Trustees, Responsibllltles
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 reqvire5 the trustees to prepare financial statement5 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 laccounting standards issued by the Financial Reporting Council in the UK , including Charities
SORP IFRS 1021 ' Accounting and Reporting by Charitie5'. Statement of Recommended Practice applicable to charities preparing
thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 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-
make judgments and estimates that are reasonable and prudent
state whether the financial statements 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 disc105e 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 the prevention and detection of fraud and other
irregularitie5.
Signed on Behalf of the Trustees
Rev Graham Hare
Mrs Sandra Isherwood- Secretary

Independent Examiners Report to the Trustees of Omagh/St Columba'slDerrylChurch Of Ireland
We report on the account5 of Omaghlst Columba's/Derry/Church of Ireland for the year ended 31 December 2023, which are
set out on pages 10-21.
Respective responsibilities of charity trustees and examlner
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 procedure5 laid down in the general Direction given by the Commission under section 65(9llbl of the
Charities Act.
State whether particular matters have come to our attention.
Basis of independent examlner's 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 accountlllg records kept by the charity and a comparison ol 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 material 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 Act
That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
We have completed our examinatior) and have no concerns in respect of the matters111 to141 listed above and in connection
with followinE the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing
to your attention.
CHARTERED ACCOUNTANTS
Hamill Mcllwaine
Chartered Accountants
28-30 Old Mountfield Road
Omagh, Co. Tyrone
BT79 7BJ
Date

Omagh/St Columba'slDerrylChurch Of Ireland
statement of Financlal Activitles for the year ended 31 December 2023
Unrestricted
Funds
2023
Restricted
Funds
2023
Endowment
Funds
2023
Total
2023
Total
Z022
Note
Income
175,064
25,668
26,065
5,599
Donations & legacies
Other trading activities
Investments
Charitable activitie5
145,670
19,884
24,925
70,836
1,542
216,506
Zl,426
24,925
3,639
3,639
232,396
Total Income
190,479
76,017
266,496
Ex
enditure on:
Generating funds
Charitable activities
other
Total Ex
766
155,689
5,447
161,902
185,231
10,929
3,642
14,571
196,160
3,642
199,802
enditure
185,231
Net Incomel (Expenditure) before
transfers
70,494
5,248
61,446
66,694
Transfers between funds
126,9671
26,967
Net Incomel (Expenditure) before other
recognlsed gains and105ses
121,7191
88,413
66,694
70,494
Gain/lLos5} on investments 35set5
7.949
7,949
123,740}
46,754
Net movement in funds
{21,7191
88,413
7,949
74,643
Reconciliation of funds:
Total funds brought forward
1,101,465
574,925
327,599
2,003,989
1,957,235
Total funds carried forward
1,079,746
663,338
335,548
2,078,632
2,003,989
10

Omagh/St Columba'slDerry/Church Of Ireland
Balance Sheet as at 31 December 2023
2023
2022
Flxed Assets
Tangible Fixed Assets
Investment Properties
Investments
Total fixed assets
li
12
13
994,714
723,500
192,798
1,911,012
983,263
723,500
184,849
1,891,612
Current Assets
Debtors
Cash and cash equivalents
Total current assets
14
33,450
140,149
173,599
20,462
156,008
176,470
Creditor5- amounts falllng due withln one year
Total credltors
15
{4,525)
{4,525)
(1,433)
11,4331
Net Current Assets
169,074
175,037
Creditors- amounts falling due after one year
Loans
{1,454)
162,660)
Total net Assets
2,078,632
2,003,989
The funds of the parish
Unrestrl¢ted funds
General funds
Designated funds
Total unrestricted funds
Restricted Funds
Endowment Funds
16
998,056
81,690
1,079,746
663,338
335,548
1,017,467
83,998
1,101,465
574,925
327,599
16
16
Total charity funds
2,078,632
2,003,989
"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 ofTrustees on t tl ti412¢Q'
its behalf by:
and Signed on
Rev
raham Hare
Mrs Sanrda Isherwood

Omaghlst Columba'slDerrylChurch Of Ireland
Notes to the financ131 statements for the year ended 31 December 2023
Accounting policles
Set out below are the principal accounting policies which have been adopted in the compilation of the Financial Statements.
a) Basis of preparatlon
The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting bv
Charities.. Statement of Recommended Practice applicable to charities preparingtheir accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (Charities SORP IFRS 10211, the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021.
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.
bl Preparation of accounts on a going 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 provid e
a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future.
Therefore these financial statements have been prepared on a going concern basis.
cl 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 condition5 attached to the income have been met, it is probable that the income will be received and
the amount can be measured reliably.
Income from government and other grants, whether 'capital' grants or 'revenu¢' grants, is recognised when the charity ha5
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 quantif led with reasonable certainty. Donations and gifts in kind are brought
into the accounts at their fair value to the Parish.
dl Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that
settlement will be required and the amount of the obligation can be measured reliablv.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
12

Omaghlst Columba's/DerrylChurch Of Ireland
Notes to the financial statements for the year ended 31 December 2023 {continued)
l. Accounting policies (continued)
el Tangible assets
The assets of the Parish, retained for its own use comprise...
Church Building lincluding fixtures and fittings) and Graveyard
Church Hall
Rectory
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. A5 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 remaining useful life currently
exceeds So years.
The curatage
The curataEe is recogni5ed 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 years.
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 activities and
included in 'Other operating Ilossesl/gains'.
13

Omaghlst Columba'slDerry/Church Of Ireland
Notes to the financial statements for the year ended 31 December 2023 (continued)
Accountlng policles Icontlnuedl
ii) Investments
Fixed asset investrnents comprising investment properties, investments in equities (ordinary share51 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 annu311y for impairment. 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 unreallsed gains and
losses in investments are reported within 'Net Gains / (Losses) on Investments" within the Statement of Financial Activities.
gl Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments
with original maturities of three months or less and bank overdrafts. Bank overdrafts are Shown within Creditors Amount5
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 f inancial
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 subject to specific requirements as to their use which may be declared by the donor or with their
authority or created through leEal processes, but still within the wider objects of the Parish.
Endowment funds are funds which have been given on the condition that the original c3Pltal 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 the 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 administrative purpose only and does not legally restrict the trustees, discretion to apply th e
fund.
Critical accounting judgement5 and estimation uncertaintv
Estimates and judgments made in the process. of preparing the financial statement5 are continually. evaluated and are based
on historical experience and other factors, 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 next financial year.
14

Omaghlst Columba's/DerrylChurch Of Ireland
Notes to the financlal statement5 for the year ended 31 December 2023 (continued)
3. Donations and legacles
Unrestricted
Funds
2023
Restricted
Funds
2023
Endowment
Funds
2023
Total
2023
2022
Plate Collection5
Weekly envelopes / FWO
Tax recovered on Donation5
Legacies
Endowment income
Grants
other donations
3,659
100,817
19,539
3,659
124,887
24,14S
4,382
88,941
19,720
5,440
5,772
37,035
13,774
175,064
24,070
4,606
2,671
4,180
14,804
145.670
2,683
21,863
17,614
70,836
5,354
26,043
32,418
216,506
4. Other trading actlvltles
Hall rental
Car Park rental
FundraisinE
Other
6,977
10,682
2,225
6,977
10,682
3,767
7,578
11,682
6,408
1,542
19,884
1,542
21,426
25,668
5. Investments
Deposit interest
Rental Income- Investment Properties
143
24,782
143
24,782
25
26,040
24,925
24,925
26,065
Charitable activities
Organisations Income
Other Income
Vacancy refund
3,639
3,639
3,567
2,032
3,639
3,639
5,599
15

Omagh/St Columba'slDerry/Church Of Ireland
Notes to the financial statements for the year ended 31 December 2023 (continued)
Analysi5 of Expenditure
Unrestricted
Funds
2023
Restricted
Funds
2023
Endowment
Funds
2023
Total
2023
2022
Generating Funds
Fundraising costs
Other
766
766
Charitable Actlvities
Wages and Salaries
Diocesan CostslAssessment
Church Running Costs
Rectoryl Curacy Costs
Hall expenses
Property expenses
Investment costs
Administration Costs
Charitable Donations
15,275
99,872
34,885
5,668
7,384
11,462
15,275
99,872
37,557
5,668
7,384
14,409
13,411
78,360
23,541
11,965
9,334
5,248
2,672
2,947
5,570
5,115
75
5,235
5,645
10,350
3,811
10,019
185,231
10,929
196,160
155,689
other Costs
Loan interest
Organisations expenses
1,347
2,295
3,642
1,347
2,295
3,642
3,623
1,824
5,447
Total Expenditure
185,231
14,571
199,802
161,902
Governance costs of £1,879 were incurred during the ye3r of which £1,879 relates to fees paid to the independent
examiner. Governance costs are included within Administration costs above.
16

Omaghlst Columba's/DerrylChurch Of Ireland
Notes to the flnancial statements for the year ended 31 December 20231continuedl
Gain /ILossl on Investment Assets
2023
2022
Unrealised fair value gain5111055esl on investrnent5
7,949
7,949
123,7401
123,7401
Taxation
The Omagh/St Colvmba's/DerrylChurch Of Ireland is recognised as a charity for the purposes of applicable
taxation legislation and is therefore not subject to taxation on its charitable activities.
10. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
Employees
2023
2022
Salaries and wages
National insurance costs
15,275
13,268
143
Total
15,275
13,411
The average number of employees during the year, calculated on the basis of a head count, was as follows..
2023
Number
2022
Number
Music staff
Premises maintenance
There are no employees in receipt of employee benefits in excess of £60,000
Key Management ond Trustees
Key management are deemed to comprise the Trustees. The parish paid expenses of E3,780 relating the running
costs of the glebe house which is occupied by the rector and £1,889 relating to the running costs of the Curatage
which is occupied by the curate. £494 was also paid to the Glebe Warden, £884 the Curate and £4,491 to the rector
for expenses owed. No other trustee received any remuneration or reimbursement of expenses during the year.
17

Omaghlst Columba's/DerYy/Church Of Ireland
Notes to the financial statements for the year ended 31 December 2023 Icontinuedl
11. Tangible f ixed assets
Buildings
Cost
At beginning of the year
Additions
At end of the year
983,263
11,451
994,714
Depreciation
At beginning of the year
At end of the year
Net bnok value at beginning of the year
Net book value at end of the year
983,263
994,714
12. Investment Properties
Balance at Beginning of the year
Balance at end of the year
723,500
723,500
18

Omagh/St Columba's/Derry/Church Of Ireland
Notes to the financial statements for the year ended 31 December 2023 Icontinuedl
13. Investments
other
Investments
Balance at beginning of the year
Fair Value gain / Ilossl on
investments
Balance at end of the year
184,849
7,949
192,798
Analysis of Investments
Investments in RCB Unit Trusts
Investments in CIT Unit Trusts
38,949
153,849
192,798
14. Debtors
2023
2022
Sundry debtors
Other- Gift Aid reclairn
9,305
24,145
33,450
20,462
20,462
15. Creditors Amounts Due within l Year
2023
2022
Accruals and deferred income
Taxation and Social Security
3,853
672
855
578
4,525
1,433
19

Omagh/st Columba's/Derry/Church Of Ireland
Notes to the financial statements for the year ended 31 December 2023 Icontinuedl
16. Funds of the Parish
Atljan
2023
At 31 Dec
2023
Income
Expenditure
Movement
Transfers
Endowment funds
The James Hamilton Bequest -
30 day reserve
The James Hamilton Bequest-
house
Various legacies/ bequests
invested with RCB
29,250
29,250
113,500
113,500
184,849
327,599
7,949
7,949
192,798
335,548
Restricted funds
Current account- for garden
Current account- to pay loan
Fabric Fund
Missions and charities
Dividends
Organisation5
Fixed assets
Bank loan
2,756
33,530
28,184
5,224
2,684
3,639
12,1541
602
7,644
133,530)
(12,9631
18671
15,2241
{2,6841
12,2951
21,998
12,534
618,263
163,5161
574,925
11,400)
11,451
63,409
26,967
12,478
629,714
(1,454)
663,338
11,3471
114,571)
76,017
Unrestricted fund5
Designated Hall Fund
Designated Car Park Fund
Designated Organ Fund
Designated Graveyard Fund
Designated - Building
Sustentation account
General Fund
Tangible fixed assets
Investment Properties
3,953
67,812
1,998
8,949
1,285
10,556
31,912
365,000
610,000
1.101,465
10,785
10,682
18,3981
110,064)
1321
138)
2,443
13,2001
11,9391
12,9811
13.0881
3,557
121,7591
8,783
65,230
27
7,650
1,720
1,803
99,095
66,394
1100,2491
166,4501
12,959
10,097
365,000
610,000
1,079,746
190,479
(185,2311
126,9671
Total funds
2,003,989
266,496
(199,8021
2,078,632
Pur
oses of Endowment Funds:
Income from James Hamilton Bequest is to be used for general church purposes.
Income from the various bequestsllegacies invested with RCB are to be used for general church purposes.
Pur
oses of Restricted Funds:
Fabric fund.. This is a fund for the maintenance of the church property including the rectory and the curataEe.
Omaghlst Columba's/Derry/Church Of Ireland
Notes to the flnancial statements for the year ended 31 December 2023 Icontlnued)
20

16. Funds of the Parish {continuedl
Pur
oses of Desi
nated Funds:
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 of the 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 Hamllton bequest cash.
17. Analysis of Net Assets Among Funds
General
Designated
Restricted
Endowment
Total
Fixed Assets
Investments
Current Assets
Total Liabilities
Net assets at 31 Dec 2023
975,000
629,714
113.500
192,798
29,250
1,718,214
192,798
173,599
15,9791
2,078,632
27,581
14,5251
998,056
81,690
35,078
11,454)
663,338
81,690
335,548
18. Collection for Third Parties
2023
2022
Confirmation Service Collection
Bishops, Appeal
Orange Service Collection
Omagh Academy Carol Service
Gibson Primary School Carol Service
Omagh District Welfare
RUC GC service Collection
Ellie Armstrong- Coffee morning
97
1,367
971
2,307
1,441
775
330
917
2,000
5,224
629
5,610
The above amounts have been included in Total income for the Year under Charitable Activities.
21