REGISTERED NUMBER: NI023021 (Northern Ireland)

OMAGH INTEGRATED PRIMARY SCHOOL LTD

Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Gavin Gallagher

Martin McQuaid

REGISTERED OFFICE:

72 Crevenagh Road

Omagh

Co.Tyrone

REGISTERED NUMBER:

NI023021 (Northern Ireland)

INDEPENDENT AUDITORS:

Cooper Parry Audit (Ireland) Limited

Statutory Auditor

36-38 Northland Row

Dungannon

Co. Tyrone

BT71 6AP

CURRENT ASSETS

Receivables: amounts falling due within one year

5

32,567

140,654

Cash at bank

694,846

161,214

727,413

301,868

PAYABLES

Amounts falling due within one year

6

(78,068

)

(181,429

)

NET CURRENT ASSETS

649,345

120,439

TOTAL ASSETS LESS CURRENT LIABILITIES

649,345

120,439

PROVISIONS FOR LIABILITIES

(586,100

)

(586,100

)

NET ASSETS/(LIABILITIES)

63,245

(465,661

)

RESERVES

Income and expenditure account

63,245

(465,661

)

63,245

(465,661

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

Gavin Gallagher - Director

1.	STATUTORY INFORMATION

Omagh Integrated Primary School Ltd is a private company, limited by guarantee, incorporated in Northern Ireland within the United Kingdom. The registered office of the company is 72 Crevenagh Road, Omagh, Co. Tyrone, BT79 0GW, which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors Report.

The presentational currency of the financial statements is Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

The financial statements of the company for the year ended 31 March 2022 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006. These financial statements have been prepared on Going Concern basis.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Going Concern

The directors believe the financial statements should be prepared on the going concern basis,

The school generated a surplus of £528,906 during the year and had net assets of £63,245 at the year end. Income for the year included £586,100 of funding from the Education Authority for the projected pension liabilities. Those liabilities had been provided for in prior years' financial statements.

Projections prepared by the school indicate that, based on currently known costs and funding, there will be funding deficits. The ability of the school to continue as a going concern is dependent on the continuing support of the Education Authority. The directors remain positive that the Education Authority's support and funding will enable the school in continuing as a going concern.

Revenue

Income of a revenue nature including grants received and meals charged are credited on an accruals basis to the Revenue Account. Donations and fundraising are credited when received to the Revenue Account.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Employee benefits

The school participates in the DENI Teachers' Pension Scheme and the Northern Ireland Local Government Officers Superannuation Commitee Pension Scheme (NILGOSC). These are both defined benefit schemes. It is not possible to identify the schools shares of the underlying assets and liabilities in these schemes and thus pension pension costs are accounted for as if they were defined contribution schemes and charged to the revenue account as incurred.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of the discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

The company is a charity (no XN79501) registered in Northern Ireland and is therefore exempt from tax on its income and gains to the extent that such income and gains are applied to exclusively charitable purposes.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2024 - 54 ) .

5.

RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

28,034

15,129

Other debtors

4,533

125,525

32,567

140,654

6.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade payables

21,851

17,701

Taxation and social security

6,860

6,104

Other payables

49,357

157,624

78,068

181,429

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Mr. Ryan Falls (Senior Statutory Auditor)

for and on behalf of Cooper Parry Audit (Ireland) Limited

8.	CONTINGENT LIABILITIES

As noted in the exceptional item note, a liability has arisen in respect of historic unpaid pension liabilities owed by the school in respect of non-teaching staff. The school has recognised a provision in the accounts for the cost of unpaid pensions for existing non teaching staff. However, as at the date of signing these financial statements, the school is not able to reliably estimate the total cost of the pension contributions for former employees of the school. The school is in discussions with such former employees in order to gauge what liability may exist. The school estimates that the maximum liability that could be incurred is £586,100.

9.	CAPITAL COMMITMENTS

The company has no material capital commitments at the year ended 31 March 2025.

10.	RELATED PARTY DISCLOSURES

Remuneration

All teachers on the Board of Governors are paid in accordance with DENI's Teachers Salary Regulations (Northern Ireland) 1993. Defined benefit contributions are made to DENI's Teachers Pension Scheme.