Aghalee Village Hall
STATEMENT OF FINANCIAL ACTIVITIES
for the financial year erKled 31 December 2023
Unrestricted Restricted
Funds
Funds
2023
2023
Totsl Unrestricted Restricted
Funds
Funds
Funds
2023
2022
2022
Total
Funds
2022
Notes
Incoming Resources
Voluntary Income
Activities for generab.ng
funds
Investments
Other income
2.023
30.039
25.671
4.583
27,694
34.622
34,651
16,320
40,209
2,535
74,860
18,855
338
1.173
338
1.173
28
850
28
850
Totsl incoming resources
33.573
30.254
63.827
51,849
42,744
94,593
Resources Expended
Charitable activities
41.767
33.013
74.780
61,166
19,906
81,072
Net incomingloutgoing
resources before transfers
18.194
12.759
110.9531
{9,3171
22,838
13,521
Gross transfers between
funds
6.758
16.758
(2,434)
Net movement in funds for
the financial year
11.436)
19.517)
110.9531
{6.8831
20,404
13,521
Reconeiliation of funds-
Tol81 funds beginning of the
year
14
269.243
36.186
305A29
276,126
15,782
291,908
Total funds at the end of
the year
267.807
26.669
294.476
269,243
36,186
305,429
The Statement of Financial Activtb'es includes all gains and losses recognised in the financial year.
All income and expenditure relate to continuing activities.
The notes on pages 26 to 30 fomi part of the financial statements
24

Aghalee Village Hall
BALANCE SHEET
as at 31 December 2023
2023
2022
Notes
Fixed Assets
Tangible assets
10
209,512
216,890
Current Assets
Debtors
Cash al bank and in hand
11
1.420
85.184
1.875
88.064
86,604
89,939
Creditors: Amounts lalllng due within one year
12
{1,640)
11,4001
Net Current Assets
84.964
86.539
Total Assets tess Current Liabilitigs
294.476
305.429
Funds
Restricled funds
Deslgnated fund5 (Unrestrictwjl
General fvnd lunreslricledl
26,669
209.512
58.295
36,186
225,685
43,558
Total lunds
14
294A76
305.429
The financlal slalemenls have been prepared in accordan¢e ￿th Ihe provisions applicable lo companies sub5ect to the
small companies, re9ime and in accordance FRS 102 The Financial Reporting Standard applicable in the UK and
Republic of lieland" apptying Sec￿￿ 1A of thal Standard.
Approved by the Board of Trustees and authorfsed for Issue on 215t Fèbruary 2024 and signed on Its behalf
by
Matt Hull
Trustee
Christo
Trusts
or 8ulleT
nole5 on pages 26 lo 30 fNm M oflh• firta￿al Slatements
25

Aghalee Village Hall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year erKled 31 December 2023
GENERAL INFORMATION
Aghalee Village Hall is a charity incorporated in Northem Ireland. The registered Offi￿ of the company is which
is also the principal place of business of the company The financial stslements have been presented in Pound
{£) which is also the functional currency of the company.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting poliaes have been appl￿d consistently in dealing with ttems which are considered
material in relation to the charity's financial statements.
Basis of preparation
The financial statements have been prepared on the going concem basis under the historical cost convention,
m(xJified to include ￿rtain items at fair value. The financial statements have been prepared in accordance with
the Statement of Recommended practi￿ ISORP} "Accounting and Reporting by Charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS
102" applying Section 1A of that Standard.
As permitted by the Compan￿$ Act 20(￿, the company has varied the standard fomiats in that act for the
Statement of Financial ActNilies and the Balan￿ Sheet. Departures from the stsndard formals are to eomply
with the requirements of the Charities SORP and are in compliance wth section 4.7, 10.6 and 15.2 of that
SORP.
Staternent of compliance
The financial statements of the company for the financial year ended 31 December 2017 have been prepared
on the going COn￿M basis and in accordan￿ with Ihe Statement of Recommended Practice ISORPI
"Accounting and Reporting by Charities preparing their accounts in accordance wrth the Financi31 Reporting
Standard applicable in the UK and Republic of Ireland FRS 102" apptying Section 1A of that Standard.
Incoming Resources
Voluntary income or capital is induded in the Statement of Financial Activities when the company is legally
entided to it, its finanryal value can be quantified with reasonable ￿rtaInty and there is reasonable ￿rtaInty of
ils ultimate receipt. Entidement to legacies is considered established when the company has been notified of a
distribution to be made by the executors. Income re￿iVed in advance of due performance under a contract is
accounted for as deferred income until earned. Grants for activities are recognised as income when the related
condib.ons for legal enkn"tlement have been met. All other income is accounted for on an accruals basis.
Resources Expended
Expenditure is recognised on an accfual basis as a liability is incurred. Expenditure includes any VAT which
Cannot be fully recovered. and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for its beneficiaries. It includes both costs that can be allocated directty to suth activrties and those Costs of an
indirect nature necessary to support them.
Support costs are those costs incurred diredy in support of expenditure on the objects of the charity and include
project management
Tangible fixed assets and depreciation
Tangible fixed assets are ststed at cost or at valuation. less accumulated depreciation. The charge to
depreciation is calculated to wrtte off the original cost or valuation of tangible fixed assets, less their estimated
residual value, over their expected useful lives as follows..
Land and buildings freehold
Fixtures, fittings and equipment
2Qh Straight line
20% Reduung Balance
Debtors
Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued al
the amount prepaid net of any trade discounts due. Income recognised by the the company from government
agencies and other ¢￿fUnderS, but not yet received at year end, is induded in debtors.
Cash at bank and in hand
Cash at bank and in hand ccfftprises cash on deposit at banks requiring less than three months noti￿ of
withdrawal.
26

Aghalee Village Hall
NOTES TO THE FINANCIAL STATEMENTS
continued
for the financial year erKled 31 December 2023
Taxation and deferred taxation
No current or deferred taxabon arises as the company has b￿n granted charitable exemption. Irrecoverable
valued added lax is expensed as incurred.
INCOME
DONATIONS AND LEGACIES
Unrestricted Restricted
Funds
Funds
2023
2022
Voluntary Income
2,023
25.671
27,694
74,860
OTHER TRADING ACTIVITIES
Unrestricted Restricted
Funds
Funds
2023
2022
Activities to Generate Funds
30,039
4,583
34,622
18,855
INVESTMENTS
Unrestricted Restricted
Fund5
Funds
2023
2022
Investments
338
338
28
OTHER INCOME
Unrestricted Restricted
Funds
Funds
2023
2022
Solar Panel Income
1.173
1.173
850
EXPENDITURE
CHARITABLE ACTIVITIES
Direct
Costs
Other
Costs
Support
Costs
2023
2022
Cost of Charitsble Activrties
74.780
74.780
81,072
SUPPORT COSTS
Charitable
Activilies
2023
2022
Legal & Professional
Sundry Costs
Direct Programme Costs
Heat & Light
Wages & Salaries
Membership & Subscriptions
Depreciation
Repairs & Maintenan
Bank Fees
Printing, Postage & Stationery
General Admin Costs
5.885
2.671
33.175
3.587
6.307
399
7.378
5.133
235
5,885
2,671
33,175
3,587
6,307
399
7,378
5,133
235
1,800
1,093
25,067
3,670
6,290
393
7,973
23,980
228
4,001
6,577
6.666
6,666
74,780
74,780
81,072
ANALYSIS OF SUPPORT COSTS
2023
2022
Legal & Professional
Sundry Costs
5.885
2,671
1,800
1,093
27

Aghalee Village Hall
NOTES TO THE FINANCIAL STATEMENTS
continued
for the financial year ended 31 December 2023
Direct Programme Costs
Heat & Light
Wages & Salaries
Membership & Subscriptions
Depreciation
Repairs & Maintenan
Bank Fees
Printing, Postage & Stationery
General Admin Costs
33,175
3.587
6.307
399
7.378
5.133
235
3,344
6,666
25,067
3,670
6,290
393
7,973
23,980
228
4,001
6,577
74,780
81,072
INCOMING RESOURCES
All incoming resour￿$ are included in the stslement of financial activib.es when the charrty is enb.lled to the
income and the amount can ￿ quantrfied with reasonable accuracy. The following specific poliaes are applied
lo particular categories of income..
-voluntary income is received by way of grants, donations and gifts and is included in full in the statement of
financial activities when re￿1Vable. Grants where entitlement is not conditional on the delivery of a specific
performance by the charity, are recognised when the chartty becomes unconditionally entitled lo the grant.
Donated servi￿$ and facilib.es are induded at the value to the charrty where this can be quantified. The value
of services provided by volunteers has not been included.
Gifts donated for resale are induded as incoming resou￿$ within activrties for generating funds when they are
sold.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial
activib.es in the year in which they are re￿1vable
Income from investments is included in the year in which it is re￿1Vable.
NET INCOMING RESOURCES
2023
2022
Net Incoming Resourtes are stated after chargingllcreditingl:
Depreciation of tangible assets
7,378
7,973
INVESTMENT AND OTHER INCOME
2023
2022
Bank interest
338
28
EMPLOYEES AND REMUNERATION
The staff costs comprise..
2023
2022
Wages and salaries
6,307
6,290
28

Aghalee Village Hall
NOTES TO THE FINANCIAL STATEMENTS
continued
for the financial year erKled 31 December 2023
10.
TANGIBLE FIXED ASs￿s
Land and
Fixtures.
buildings fittings and
freehold
equipment
Total
Cost
At 31 December 2023
250,000
65,335
315,335
Depreciation
Al 1 January 2023
Charge for the financial year
45,000
5.000
53,445
2,378
98,445
7,378
At 31 De￿mber 2023
50,000
55,823
105,823
Net book value
At 31 December 2023
200.000
9.512
209.512
At 31 De￿mber 2022
205,000
11,890
216,890
DEBTORS
2023
2022
Prepayments and accnJed income
1.420
1,875
12.
CREDITORS
Amounts falling due within one year
2023
2022
Accruals and deferred In￿Me
1.640
1,400
RESERVES
2023
2022
At the beginning of the year
{DefictillSurplus for the financial year
305,429
110.953)
291,908
13,521
At the end of the year
294N76
305,429
14.
FUNDS
RECONCILIATION OF MOVEMENT IN FUNDS
Unrestricted Restricted
Funds
Funds
Totsl
Funds
At 1 January 2022
Movement during the financial year
276,126
16,8831
15,782
20,404
291,908
13,521
At 31 December 2022
Movement during the financial year
269,243
{1,4361
36.186
19,5171
305,429
110,9531
At 31 December 2023
267.807
26,669
294,476
29

Aghalee Village Hall
NOTES TO THE FINANCIAL STATEMENTS
continued
for the financial year erKled 31 December 2023
14.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance
l January
2023
Income Expenditure
Transfers
Balance
between 31 December
fund$
2023
Restricted funds
LCCC Xmas
Awards 4 All
LCCC Community Servi
TruemarklAge Nl
Rents
Arts Programme
The Older People's Fund
LCCC Coronation
LCCC Hardship Fund
LCCC- Activty Programme
1,358
10,000
4,345
1,036
131
4,952
1,288
11201
15,0001
5,000
4,345
2,532
1,439
2,749
1,308
28,729
3,350
457
17961
24,891
4,146
786
1.445
18,7901
7*
233
129
6,790
553
3,316
4,563
2,000
11,353
36,186
30,254
33,013
16,7581
26,669
Unrestricted funds
Building Fund
Designated.. Capital
Unrestricted General
216.890
8,795
43,558
7,378
209,512
18.7951
15,553
33.573
34,389
58,295
269,243
33,573
{41,7671
6,758
267,807
Total funds
305.429
63.827
74.780
294A76
Grants re￿iVed this year include Awards 4 AII1£10,OCKJI, LCCC1£9,7241, Halrfax Foundation1£4,0001, Arts
Council Nl1£5001.
15.
POST-BALANCE SHEET EVENTS
There have been no signfficant events affecting the Charity since the financial year*nd.
16.
TRUSTEES REMUNERATION
We can confirrn there have b￿n no transactions involving trustees outside the nomial course of business in
the year ended 31 $1 December 2023.
17.
INDEPENDENT EXAMINER'S FEE
Daly Patk & Company Ltd were paid £1,320 for independent examination of the financial statements in the year
ended 31￿ December 2023.
30