Omagh/St Columba's/Derry/Church Of Ireland
Trustees, Annual report and Financial Statements
For the year ended 31 December 2024
Charities Number: NIC104764
ST COLUMBA'S
CH U RCH
OMAGH

Omagh/St Columba's/Derry/Church Of Ireland
Annual report and financial statements for the year ended 31 December 2024
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 ststements
12-21

Omagh/St Columba's/Derry/Church Of Ireland
References and administrative details
Charity Name:
Omagh/St Columba'5/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
Mr Norman England
Rev Graham Hare
Mr Michael Hart
Mrs Sandra Isherwood
Mr Marcus Isherwood
Mr Wes Lindsay
Mr Glen McBride
Mr Ryan McFarland - Appointed April 2024
Mrs Glynis Mehaffey- Resigned April 2024
Mr Alan Mitchell
Mr David Mitchell
Mr Nigel Monteith - Appointed April 2024
Mr Nigel Strain
Mr Robert Wilkinson
Mr Godfrey Young
Principal Office-bearer5 (at date of signing)
Chair..
Hon Secretary..
Hon Treasurer-
Church Warden- Rertor5-
Church Warden- People:
Rev Graham Hare
Mrs Sandra Isherwood
Mr Nigel Strain
Mr Ryan McFarland
Mr Nigel Monteith

Omaghlst 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

Omagh/St Columba'5/Derry/Church Of Ireland
Tru5teeg Annual Report forthe year ended 31 December 2024
The trustee5 present the annual report and financial statements for the St Columba's Church for the year ended 31
December 2024.
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 Christi3n religion bv
prornoting, 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, 5t Columba's Parish Church has custody of
property and of records. materials and artefatts of significance to the cultural and religious heritage and maintenance of whicFI
is undertaken by the select vestry of 5t Columba's Parish Church.
Achievements. Performance & Public Benefit
lementin
the charitable
ose throu
ari5h activities within and outside the Parish.
St Columba's Parish Church is under the incumbenty 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 attivities.
In the advancement of the Christian religion we focus on worship by offering services each Sunday, in the church. A
growing range of seNices, 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 vi51ts by the Clergy to hospitals, nursing
hornes and residential care centers. The Clergy also visit parishioners in their home5 as well as offering preparation for
weddings and baptlsms, arranging funerals and offering support to the bereaved in their time of105S.
The pastoral work of the Parish is 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 prornote social and educational Opportunities for all ages. These include a
toddlers group, Sunday School, Confirmation Class, Living Ladies Group, Lent and Advent lunches, Youth Fellowship,
Evergreen, Mothers, Union, Choir and Bowls. Additional occasion31 activities of thi5 nature have included provision of
funeral teas, rninistry courses to facilitate those exploring the Christian faith, Prayer Groupi discipleship courses
emergency responses to major world disasters.
2024 saw continued growth in our congregation for which we offer humble thanks to our faithful God. 2024 saw
significant expenditure on our infrastrutture as we continued to invest in making our car park safer and more accessible
for all users. The generosity of our parishioners Is once again demonstrated in these accounts, and we are thankful to God
for meeting our every need, through the giving of hi5 people. That said, these account5 also reflect the rising costs of
facilitating mission and ministry in a large and busy parish. In addition to rising costs associated with governance and
legislation, the price of necesslties including insurance, heat and light all continue to rise.
The Lord who has been faithful continues to be so and with confident faith we continue to lean on him to provide all that
we need to fulfill our calling to be a church where anyone can belong in fellowship, believe the Gospel and become like
Jesus.

Omagh/St Columba's/DerrylChurch Of Ireland
Trusteeg Annual Report for the year ended 31 December 2024 (continued)
Expenditure is incurred in the provision of the above activities 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 activitie5 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 various mission
organisations, local and international. A review of our support for such organisations shows a wide range of recipients
including for example- South American Mission Society, Care for Cancer, Scripture Union and Bishop's Appeal. The Parish
continues our long-standing a550Clation with Ty Caraid in Africa and maintains financial and prartical 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 income and expenditure by the Selert Vestry is a vitally import3nt objertive 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 payment of clergy and wage5 to lay Èmployees
including a sexton. Payments to the central church bodies, insurances, property repairs and maintenance to church
properties and allocations to charitable organisations are a150 areas of significant expenditure. Other costs include
payments in relation to estate, licenses. compliance costs. professional fees and materials and equipment required for
effertive delivery of church activities.
Finally, the Parish continues to give careful consideration to following the Charity Commission for Northern Ireland'5 guidance
on public benefit to ensure that its activities duringthe 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'5/Derry/Church Of Ireland
Trusteeg Annual Reportforthe year ended 31 December 2024 (Continued)
Financial Review
As costs continue to rise, the 5elert Vestry remains prudent in its management 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 prioritie5
of his church.
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 financi31 statements for the year ended 31 December 2024 can be signed off
as a going concern.
Structure, Governance and Management
Governing Document und Constitution trf the Chority
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 (fru5teesJ
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 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.
Meeting5 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 position5 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 served.

OmaEh/St Columba's/Derry/Church Of Ireland
Trustees, Annual Report for the year ended 31 December 2024 (continued)
Poy t7nd 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 Sexton receives a salary commensurate with role and experience.
Oryanisutionul Strurture
The selert 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 selert 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 matter5 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 meeting5 may be convened at any
time by the chairperson or the churchwardens
Compliunce Wffth Public Benefrt
The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to
ensure that the activities entered into during the year have helped to achieve the Parish's objectives and activities, as wel l 35
providing public benefit.

Omagh/St Columba's/Derry/Church Of Ireland
Trustees. Annual Report for the year ended 31 December 2024 (continued)
Statement of Trustees, 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 laccounting standards issued by the Financial Reporting Council in the UK, including Charities
SORP IFRS 1021 ' 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 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 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 the prevention and detection of fraud and other
irregularities.
Signed on Behalf of the Trustees
Rev Graham Hare
Mrs Sandra Isherwood- Secretary
Date 2& LW

Independent Examiners Reportto the Trustee5 of Omagh/St Columba'5/Derry/Church Of Ireland
We report on the accounts of Omagh15t Columba's/Derry/Church of Ireland for the year ended 31 December 2024, which are
set out on page5 10-21.
Respective responsibilities of charity trustees and examiner
As the charivs 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 Direttion given by the Commission under seciion 6519llbl of the
Charities Act.
State whether particular matters have come to our attention.
Basis of independent examinerfs 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 record5 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 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 Art
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of the Charites Art
That there is further information needed for a proper understanding of the accounts to be reached.
Independent examinerfs statement
We have completed our examination and have no concerns in respett of the matters111 to141 listed above and in connection
with following the Directions of the Charity Cornmission 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's/Derry/ChuTch Of Ireland
Statement of Financial Activities for the year ended 31 December 2024
Unrestricted
Funds
2024
Re5trirted
Funds
2024
Endowment
Funds
2024
Total
2024
Total
2023
Note
Income
Donations & legacies
Other trading activities
Investments
Charitable activities
164,804
22,792
27,777
18,370
1.666
183.174
24,458
27.777
3.512
216,506
21,426
24,925
3,639
3.512
Total Income
215,373
23,548
238.921
266,496
Ex
enditure on:
Generating funds
Charitable activities
Other
Totsl Ex
199,570
14,432
2,771
17,203
214,002
2,771
216,773
196,160
3,642
199,802
enditure
199,570
Net Income/ (Expenditure) before
tran5fer5
15,803
6,345
22,148
66,694
Transfers between funds
110,594)
10,594
Net Income/ (Expenditure) before other
recognised gains and losses
5,209
16,939
22.148
66,694
Gain/lL05sI on investments assets
15.545
15,545
7,949
Net movement in funds
5,209
16,939
15,545
37,693
74,643
Reconciliation of funds:
Total funds brought forward
1,079,746
663,338
335,548
2.078,632
2.003,989
Totsl funds carried fonmard
1,084,955
680,277
351,093
2,116,325
2,078,632
10

Omagh/St Columba's/Derry/Church Of Ireland
Balance Sheet as at 31 December 2024
2024
Fixed Assets
Tangible Fixed Assets
Investment Properties
Investments
Total fixed assets
2023
li
12
13
994,714
723,500
208,343
1,926,557
994,714
723.500
192,798
1.911.012
Current Assets
Debtors
Cash and cash equivalents
Total current assets
14
25,455
168,123
193,578
33,450
140,149
173,599
Creditors- amounts falling due within one year
Total creditors
15
(3,810)
13,810)
{4,5251
{4,5251
Net Current Assets
189,768
169,074
Creditors-amounts falling due after one year
Loans
11,4541
Total net Assets
2,116,325
2.078,632
The funds of the parish
Unrestricted funds
General funds
Designated funds
Total unrestrirted funds
Restricted Funds
Endowment Funds
16
1,001,407
83,548
1,084,955
680,277
351,093
998,056
81,690
1,079,746
663,338
335,548
16
16
Total charity funds
2,116,325
2,078,632
The notes on pages 12 to 21 are an integral part ofthese financial statements.
The financial statements on pages 10 to 21 were approved by the Board of Trustees on 10 April 2025 and signed on its behalf
by".
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 2024
Accounting policies
Set out below are the principal accounting policies which have been adopted in the compilation of the Financial Statements.
al Basis 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 Financia I
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 rneets the definition of a public benefit entity. A55ets and liabilities are initially recogni5ed 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 it5 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 expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future.
Therefore these financial staternents have been prepared on a going concern basis.
c} Income
Plate Collections, Weekly Envelope5, Graveyard income are accounted for on a cash receipts basis as the amount is collerted
Income arising from the rentsl of Parish Centre facilities to third parties is recognised when the parish ha5 entitlement to the
funds, any performance conditions 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 '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 will
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 gift5 in kind are brought
into the accounts at their fair value to the Parish.
d) Expendtture
Expenditure is recogni5ed once there 15 a legal or constructive obligation to make 3 payment 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 wa5 incurred.
12

Omaghlst Columba's/Derry/Churth Of Ireland
Notes to the financial Statements for the year ended 31 December 2024 Icontinuedl
l. Accounting policies (continued)
el Tangible assets
The assets of the Parish, retained for its own use comprise:.
Church Building (including 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 Chartties 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 construrtion and valuation approach for
such a building lacks sufficient reliability. As a result this building 15 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 a5 the current estimated residual value is not less than it5 carrying value and the remaining useful life currently
exceeds 50 year5.
The curatage
The curatage is recognised at its capitsl 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 fitting5 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 experted. On disposal, the difference
between the new disposal proceeds and the carrying amount is recognised in the statement of financial attivities and
included in 'Other operating Ilossesl/gains'.
13

Omagh/St Columba'5/Derry/Church Of Ireland
Notes to the financial statements for the year ended 31 December 2024 Icontinuedl
Accounting policies Icontinuedl
ii) Investments
Fixed asset investments comprising investment propertie5, investments in equities (ordinary sharesl and investment in RCBICIT
Unit Trusts are initially retorded 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 a55essed annually 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 tost and kir 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
losses in investments are reported within 'Net Gains / (Losses) on Investments" within the Ststement of Financial Activities.
gl Cash and cash equivalent5
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 financiBI 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.
i) Funds
Funds are classified as either restricted funds or unrestricted funds, defined as follows.
Restricted funds are funds subjert to specific requirement5 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 fund5 which have 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 the objetts 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 restritt the trustees, discretion to apply the
fund.
CritT¢al accounting judgements and estimation uncertainty
Estirnates and judgments made in the process of preparing the financial statements are continually evaluated and are based
on historical experience and other factors, including expectation5 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/Derry/Church Of Ireland
Notes to the financial Statements for the year ended 31 December 2024 Icontinuedl
3. Donations and legacies
Unrestricted
Funds
2024
Restricted
Funds
2024
Endowrnent
Funds
2024
Total
2024
Z023
Plate Collection5
Weekly envelopes / FWO
Tax recovered on Donations
Legacies
Endowment income
Grants
Other donations
2,554
110,779
22,592
1,540
11,420
2,700
4,094
122,199
25,292
3,659
124,887
24,145
2,788
855
25,236
164,804
2.710
5.498
855
25.236
183,174
5,354
26,043
32,418
216,506
18,370
4. Other trading artivttie5
Hall rental
Car Park rental
Fundraising
Other
9,772
10,650
2,370
9,772
10,650
4,036
6,977
10,682
3,767
1,666
22,792
1,666
24.458
21,426
5. Investments
Deposit interest
Rental Income- Investment Properties
157
157
27,620
143
24,782
27,620
27,777
27,777
24,925
Charitsble activities
Organisations Income
Other Income
Vacanry refund
3,512
3,512
3,639
3,512
3,512
3,639
15

OmaEh/St Columba's/Derry/Church Of Ireland
Notes to the financial statements for the year ended 31 December 2024 Icontinuedl
Analy515 of Expenditure
Unrestricted
Funds
2024
Restrirted
Funds
2024
Endowment
Funds
2024
Total
2024
2023
Generating Funds
Fundraising costs
Other
Charitable Activities
Wages and Salaries
Diocesan Costs/Assessment
Church Running Costs
Rectory/ Curacy Costs
Hall expenses
Property expenses
Investment cost5
Administration Cost5
Charitable Donations
16,257
103,211
21,968
7,325
8,570
30,732
16,257
103.211
34,349
7.325
8,570
30,732
15,275
99,872
37,557
5,668
7,384
14,409
12.381
5,218
6.289
5,218
5,645
10,350
2,051
199,570
14,432
214,002
196,160
Other Costs
Loan interest
Organi5ations expenses
423
2,348
2,771
423
2.348
2,771
1,347
2,295
3,642
Total Expenditure
199,570
17.203
216,773
199,802
Governance costs of £1,891 were incurred during the year of which £1,891 relates to fees paid to the independent
examiner. Governance costs are included within Administration costs above.
16

Omagh/St Columba's/DerrylChurch Of Ireland
Notes to the financial statements for the year ended 31 December 2024 Icontinuedl
Gain IILoss) on Investment Assets
2024
2023
Unrealised fair value gains I (losses) on investments
15,545
15.545
7,949
7,949
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 subject to taxation on its charitable activities.
10. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
Employees
2024
2023
Salaries and wages
National insurance costs
16,257
15,275
Total
16.257
15,275
The average number of employees during the year, calculated on the basis of a head count, was as follows..
2024
Number
2023
Number
Music staff
Premises maintenance
There are no employees in receipt of employee benefits in excess of £60.000
Key Management und Trustees
Key management are deemed to comprise the Trustees. The parish paid expenses of £4,944 relating the running
costs of the glebe house which is occupied by the rettor and £2,382 relating to the running costs of the Curatage
which is occupied by the curate. £344 was also paid to the Glebe Warden, £2,053 the Curate and £3,825 to the
rector for expen5e5 owed. No other trustee received any remuneration or reimbursement of expenses during the
year.
17

OmaEhlSt Columba's/Derry/Church Of Ireland
Notes to the financial Statements for the year ended 31 December 2024 {continuedl
11. Tangible fixed assets
Buildings
Cost
At beginning of the year
Additions
At end of theyear
994,714
994,714
Depreciation
At beginning of the year
At end ofthe year
Net book value at beginning of the year
Net book value at end of the year
994,714
994,714
12. Investment Propertie5
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 2024 (continued)
13. Investments
Other
Investments
Balance at beginning of the year
Fair Value gain / Ilossl on
investments
Balance at end of the year
192,798
15,545
208,343
Analysis of Investments
Investments in RCB Unit Trusts
Investments in CIT Unit Trusts
39,671
168,672
208,343
14. Debtor5
2024
2023
Sundry debtors
Other- Gift Aid reclaim
1,555
23,900
25.455
9,305
24,145
33,450
15. Creditors Amounts Due wtthin l Year
2024
2023
Accruals and deferred income
Taxation and Social Security
3,193
617
3.853
672
3,810
4,525
19

Omaghlst Columba'5/Derry/Church Of Ireland
Notes to the financi?15tstement5 for the year ended 31 December 2024 Icontinued)
16. Funds of the Parish
Movement
in
Investment
Atljan
2024
At 31 Dec
Incorne
Expenditure
Transfers
2024
Endowment funds
The James Hamilton Bequest-
30 day reseNe
The James Hamilton Beque5t-
house
Various legacies/ bequests
invested with RCB
29,250
29,250
113,500
113,500
192,798
335,548
15,545
15,545
208,343
351.093
Restricted funds
Current account- for garden
Fabric Fund
Missions and charities
Dividends
Organisations
Fixed assets
Bank loan
602
21,998
602
37,219
15,287
2,039
2,710
3,512
19,6831
12,0391
12,7101
12,3481
9,617
12,478
629,714
11,4541
663,338
19001
12,742
629,714
14231
117.203)
1,877
10,594
23,548
680,277
Unrestricted funds
Designated Hall Fund
Designated Car Park Fund
Designated Organ Fund
Designated Graveyard Fund
Designated- Building
Sustentation account
General Fund
Tangible fixed assets
Investment Properties
8,783
65,230
27
7,650
15,604
19,650
111,5851
131,0471
1321
12951
900
13.70Z
53,873
15)
1,135
780
2,617
108,968
67,754
17,0001
12,6171
13,4401
1,523
12,959
10,097
365,000
61D,000
1,079,746
1103,6431
152,9681
14,844
26.406
365.000
610,000
1,084,955
215,373
1199,5701
110,5941
Total funds
2,078,632
238.921
{216.7731
15,545
2.116,325
Pur
oses of Endowment Funds:
Income from James Hamilton Bequest is to be used for general church purposes.
Income from the various bequests/legacies invested with RCB are to be used for general church purpose5.
Pur
oses of Restricted Funds-
Fabric fund.. This is a fund for the maintenance of the church property including the rettory and the curatsge.
20

Omagh/St Columba's/Derry/Church Of Ireland
Notes to the financial statements for the year ended 31 December 2023 (continued)
16. Funds of the Parish (continued)
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 (Reserve 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 35 the James Hamilton bequest cash.
17. Analysis of Net Assets Among Funds
General
Designated
Restritted
Endowment
Total
Fixed Assets
Investments
Current Assets
Total Liabilities
Net assets at 31 Dec 2023
975,000
629,714
113,500
208,343
29,250
1.718.214
208,343
193,578
{3.8101
2,116,325
28,007
11,6001
1,001,407
83,548
52,773
12,2101
680,277
83,548
351,093
18. Collection for Third Partie5
2024
2023
Chri5tmas100se collection
5Ltnday school collection Quill
Bishops, Appeal
RUC GC service Collection
Ellie Armstrong- Coffee morning
902
500
2.307
917
2,000
5,224
650
2,052
The above amounts have been included in Total income for the Year under Charitable Activities.
21