Omagh Youth & Community Trust - Charities report

REGISTERED COMPANY NUMBER: NI038230 (Northern Ireland)

REGISTERED CHARITY NUMBER: 101836

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

OMAGH YOUTH & COMMUNITY TRUST

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

12

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2026. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Principal Activity

Omagh Youth & Community Trust was established in 2000 to co-ordinate the construction of The Station Centre for the purpose of providing modern facilities for the entire constituency of the youth and community of Omagh. The ethos of Omagh Youth and Community Trust is one of promoting inclusiveness, to offer a new beginning for young people, to set aside denominational labels and look at their own humanity which accepts and understands the others point of view. A full summary of the activities of the charity are available from the trustees at the registered office.

The Station Centre will be a beacon of hope to everyone in the community, a sanctuary where opportunities through programme planning will be provided for social, educational and recreational enrichment.

Omagh Youth and Community Trust is registered as a charity with HMRC and the Charity Commission for Northern Ireland under registration number XR 24304 and NI 101836 respectively.

The Company is limited by guarantee not having a share capital.

FINANCIAL REVIEW

Financial position

The charity's main source of income is premises hire. The amount received in the year from this and other sources was £94,365 (2025: £91,499). Total expenditure of £95,406 (2025: 93,381) was spent during the year leaving net expenditure of £1,041 (2025: net expenditure £1,882).

Reserves policy

Omagh Youth & Community Trust has a reserves policy designed to recognise the requirements for reserves in light of the main risks to the organisation.

It has established a policy whereby the optimum holding of unrestricted funds not committed should equate to six months total running costs, plus a contingent liability sum of £30,000 towards emergency expenditure on its premises.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and its Articles of Association.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

NI038230 (Northern Ireland)

Registered Charity number

101836

Registered office

The Station Centre

17 James Street

Omagh

Co. Tyrone

BT78 1QX

Trustees

R Tierney

J Byrne (deceased 30.12.25)

Mrs E Charleton (resigned 28.3.26)

Mrs G Keys

W Reilly

Rev E Hasson (deceased 12.1.26)

Company Secretary

P McMahon

Independent Examiner

Michael Barnett

McAleer Jackson Ltd

Chartered Accountants

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Omagh Youth & Community Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company 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 affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charities SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 16 September 2026 and signed on its behalf by:

R Tierney - Trustee

Independent examiner's report to the trustees of Omagh Youth & Community Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Michael Barnett

McAleer Jackson Ltd

Chartered Accountants

Church House

24 Dublin Road

OMAGH

Co. Tyrone

BT78 1HE

16 September 2026

2026

2025

Unrestricted

Restricted

Total

fund

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

18,945

-

18,945

23,201

Other trading activities

2

41,871

-

41,871

34,661

Investment income

3

423

-

423

511

Other income

-

33,126

Total

61,239

33,126

94,365

91,499

EXPENDITURE ON

Charitable activities

Governance Costs

2,290

-

2,290

2,158

Charitable Activities

60,338

32,778

93,116

91,223

Total

62,628

32,778

95,406

93,381

NET INCOME/(EXPENDITURE)

(1,389

)

348

(1,041

)

(1,882

)

RECONCILIATION OF FUNDS

Total funds brought forward

105,671

-

105,671

107,553

TOTAL FUNDS CARRIED FORWARD

104,282

348

104,630

105,671

2026

2025

Unrestricted

Restricted

Total

fund

funds

Notes

£

FIXED ASSETS

Tangible assets

8

87,113

866,979

954,092

992,791

CURRENT ASSETS

Debtors

9

403

-

403

-

Cash at bank

69,283

-

69,283

64,964

69,686

-

69,686

64,964

CREDITORS

Amounts falling due within one year

10

(2,517

)

-

(2,517

)

(2,327

)

NET CURRENT ASSETS

67,169

-

67,169

62,637

TOTAL ASSETS LESS CURRENT
LIABILITIES

154,282

866,979

1,021,261

1,055,428

CREDITORS

Amounts falling due after more than one year

(50,000

)

-

(50,000

)

(50,000

)

ACCRUALS AND DEFERRED INCOME

12

-

(866,631

)

(866,631

)

(899,757

)

NET ASSETS

104,282

348

104,630

105,671

FUNDS

13

Unrestricted funds

104,282

105,671

Restricted funds

348

-

TOTAL FUNDS

104,630

105,671

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 16 September 2026 and were signed on its behalf by:

R Tierney - Trustee

G Keys - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% straight line

Fixtures and fittings

-

20% straight line

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of financial activities in other administrative expenses.

Government grants

Capital grants received and receivable are treated as deferred income and amortised to the Statement of Financial Activities annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.

2.	OTHER TRADING ACTIVITIES

2026

2025

£

Facility hire

41,871

34,661

3.	INVESTMENT INCOME

2026

2025

£

Deposit account interest

423

511

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2026

2025

£

Depreciation - owned assets

38,699

39,045

5.	TRUSTEES' REMUNERATION AND BENEFITS

No remuneration or other benefits were paid to the trustees for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

No expenses were paid to the trustees for the year ended 31 March 2026 nor for the year ended 31 March 2025.

6.	STAFF COSTS

2026

2025

£

Wages and salaries

21,271

12,376

21,271

12,376

The average monthly number of employees during the year was as follows:

2026

2025

Staff

3

2

No employees received emoluments in excess of £60,000.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

23,201

-

23,201

Other trading activities

34,661

-

34,661

Investment income

511

-

511

Other income

-

33,126

Total

58,373

33,126

91,499

EXPENDITURE ON

Charitable activities

Governance Costs

2,158

-

2,158

Charitable Activities

58,097

33,126

91,223

Total

60,255

33,126

93,381

NET INCOME/(EXPENDITURE)

(1,882

)

-

(1,882

)

RECONCILIATION OF FUNDS

Total funds brought forward

107,553

-

107,553

TOTAL FUNDS CARRIED FORWARD

105,671

-

105,671

8.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST

At 1 April 2025 and 31 March 2026

1,778,118

37,838

1,815,956

DEPRECIATION

At 1 April 2025

792,304

30,861

823,165

Charge for year

35,563

3,136

38,699

At 31 March 2026

827,867

33,997

861,864

NET BOOK VALUE

At 31 March 2026

950,251

3,841

954,092

At 31 March 2025

985,814

6,977

992,791

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

403

-

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Accrued expenses

2,517

2,327

11.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments:

More than five years

50,000

12.	ACCRUALS AND DEFERRED INCOME

2026

2025

£

Deferred government grants

866,631

899,757

13.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.25

in funds

31.3.26

£

Unrestricted funds

General fund

105,671

(1,389

)

104,282

Restricted funds

Fixed Assets

-

348

TOTAL FUNDS

105,671

(1,041

)

104,630

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

61,239

(62,628

)

(1,389

)

Restricted funds

Fixed Assets

33,126

(32,778

)

348

TOTAL FUNDS

94,365

(95,406

)

(1,041

)

Comparatives for movement in funds

Net

movement

At

At 1.4.24

in funds

31.3.25

£

Unrestricted fund

107,553

(1,882

)

105,671

TOTAL FUNDS

107,553

(1,882

)

105,671

Comparative net movement in funds included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted fund

58,373

(60,255

)

(1,882

)

Restricted funds

Fixed Assets

33,126

(33,126

)

-

TOTAL FUNDS

91,499

(93,381

)

(1,882

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.4.24

in funds

31.3.26

£

Unrestricted fund

107,553

(3,271

)

104,282

Restricted funds

Fixed Assets

-

348

TOTAL FUNDS

107,553

(2,923

)

104,630

Net movement in funds included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted fund

119,612

(122,883

)

(3,271

)

Restricted funds

Fixed Assets

66,252

(65,904

)

348

TOTAL FUNDS

185,864

(188,787

)

(2,923

)

14.	CAPITAL COMMITMENTS

The company had no material capital commitments at the financial year ended 31 March 2026.

15.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2026.