Aghalee Village Hall
STATEMENT OF FINANCIAL ACTIVITIES
for the financial year ended 31 December 2024
Unrestricted Restricted
Funds
Funds
2024
2024
Total Unrestricted Restricted
Funds
Funds
Funds
2024
2023
2023
Total
Funds
2023
Notes
Incoming Resources
Voluntary Income
Activities for generab.ng
funds
Investments
Other income
2,980
15.033
24,887
27,867
15.033
2,023
30,039
25,671
4.583
27,694
34,622
427
1,070
427
1.070
338
1,173
338
1,173
Totsl incoming resources
19.510
24.887
44.397
33,573
30,254
63,827
Resources Expended
Charitable activities
60.622
23.944
84.566
41,767
33,013
74,780
Net incomingloutgoing
resources before
transfers
140.1691
18,1941
12,759}
110,9531
Gross transfers between
funds
2.630
(2.6301
6,758
16,758}
Net movement in funds
forthe financial year
138.482
(1.6871
140.1691
11,4361
19,517}
110,9531
Reconeiliation of funds-
Total funds beginning of the
year
14
267.807
26.669
294.476
269,243
36,186
305,429
Total funds at the end of
the year
229,325
24,982
254,307
267,807
26,669
294,476
The Statement of Financial Activities includes all gains and losses recognised in the financial year.
All income and expenditure relate to continuing aclivities.
The notes on pages 26 to 30 fomi part of the finanual statements

Aghalee Vlllage Hall
BALANCE SHEET
as al 31 December 2024
2024
2023
Note5
Ftxed Assèts
TangiUe assets
10
202.610
209,512
Currant Assets
Oebtofs
ash * bank and In hana
11
737
53.715
1,420
85,184
86,604
Crndltors: Arnounts falllng du• within one year
12
117551
11.6401
Net Currerrt Ass•ts
51.697
T¢)tsl A850ts less Cunènt Llabllliles
254.307
294.476
Funds
Restri￿ed lurnls
tksignated funds IUnTe5tricledl
General fund lunrestrictedl
24,982
202.610
26,71S
26,669
209,512
58,295
Total fund5
14
254,307
294,476
The financial stst?mpJts haw be•n pmparBd in a<xoidanc•with thè pro¥i4*)ns applicable to c¢mpanies subl￿t lolhe
smatl companvas. regine and in accordance with FRS 102 Tr FinawKi?l ReportiThJ Standard 8ppkablp in the UK and
Republc of Ireland. appfying Section 1A of that Standard.
ApprovÈd by the Board ofTntstees and a￿thorISed for issue on 19 Marc
2025 and signed on its behalf by
Anne Mlskelly
Trnst•8
Chiistophe
Trust••
8uller
TM rthscffl PBg85 26 to30 Icrfm pwt+y the sts1￿￿1￿
25

Aghalee Village Hall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024
GENERAL INFORMATION
Aghalee Village Hall is a charrty registered in Nothem Ireland. The financial statements have been presented
in Pound 1£) which is also the functional currency of the chartty.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are considered
material in relation to the charity's financial statements.
Basis of preparation
The financial statements have been prepared on the going concern 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 Slalemenl of Recommended Practice ISORPI "Accounting and Reporting by Charities preparing their
accounts in accordance with the Financial Reporting Standard applicab￿ in the UK and Republic of Ireland
FRS 102" applying Section 1A of that Standard.
ststement of compliance
The financial statements of the charity for the financial year ended 31 December 2024 have been prepared on
the going concern basis and in accordance wrth the Statement of Recommended Practice ISORPI"Accounting
and Reports"ng by Charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Stsndard.
Incoming Resource5
Voluntary income or capital is included in the Statement of Finanryal Activib"es when the charrty is legally entitled
lo it, ils financial value can be quanlifEd with reasonable certainty and there is reasonable ￿rtainlY of its
ultimate receipt Entitlement to legaaes is considered established when the charity has been nolrfied of a
distribution to be made by the executors. Income received in advance of due perf0mlan￿ under a contract is
accounted for as deferred income until eamed. Grants for activities are recognised as income when the related
conditions for legal entitlement have been met. All other income is accounted for on an accruals basis.
Resources Expended
Expenditure is recognised on an accrual 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 tharity in the delivery of its activities and ServI￿S
for its beneficiaries. It includes both costs that can be allocated directty to such activities and those costs of an
indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and
include project management.
Tangible fixed assets and depreciation
Tangible fixed assets are slated at cost or at valuation, less accumulated depreciation. The charge to
depreciation is calculated to WTite 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, fitb.ngs and equipment
2•/0 Straight line
20°k Reducing Balan
Debtors
Debtors are recognised at the setuement amount due after any discount offered. Prepayments are valued at
the amount prepaid net of any trade discounts due. Income recognised by the charity from govemment
agenaes and other ctrfunder5, but not yet re￿iVed at year end. is induded in debtors.
Cash at bank and in hand
Cash al bank and in hand comprises cash on dewsit at banks requiring less than three months noti￿ of
withdrawal.
Taxation and deferred tsxation
No current or deferred taxation arises as the charityy has been granted charitable exemption. Irrecoverable
valued added tax is expensed as incurred.
26

continued
Aghalee Village Hall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2024
INCOME
DONATIONS AND LEGACIES
Unrestricted Restricted
Funds
Funds
2024
2023
Voluntary Income
2,980
24.887
27,867
27,694
OTHER TRADING ACTIVITIES
Unrestricted Restricted
Funds
Funds
2024
2023
Activities to Generate Funds
15,033
15,033
34,622
INVESTMENTS
Unrestricted Restricted
Funds
Funds
2024
2023
Investments
427
427
338
OTHER INCOME
Unrestricted Restricted
Funds
Funds
2024
2023
Solar Panel Income
1.070
1.070
1,173
EXPENDITURE
CHARITABLE ACTIVITIES
Direct
Costs
Other
Costs
Support
Costs
2024
2023
Cost of Charitable Activibes
84.566
84.566
74,780
SUPPORT COSTS
Charitable
Activities
2024
2023
Legal & Professional
Sundry Costs
Direct Programme Costs
Heat & Light
Wages & Salaries
Membership & Subscriptions
Depreciation
Repairs & Maintenance
Bank Fees
Printing, Postage & Stationery
General Admin Costs
6.515
1.753
20.863
2.939
5.721
657
6.902
27.150
249
4.881
6.936
6.515
1,753
20.863
2.939
5.721
657
6.902
27.150
249
4,881
6.936
5,885
2,671
33,175
3,587
6,307
399
7,378
5,133
235
3,344
6,666
84.566
84,566
74,780
ANALYSIS OF SUPPORT COSTS
2024
2023
Legal & Professional
Sundry Costs
Direct Programme Costs
Heat & Light
Wages & Salaries
6.515
1,753
20,863
2,939
5.721
5,885
2,671
33,175
3,587
6,307
27

continued
Aghalee Village Hall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 De￿mber 2024
Membership & Subscriptions
Depreciation
Repairs & Maintenan
Bank Fees
Printing, Postage & Stationery
General Admin Costs
657
6,902
27,150
249
4,881
6,936
399
7,378
5,133
235
6,666
84,566
74,780
INCOMING RESOURCES
All incoming reSoUr￿S are included in the ststement of financial activities when the charity is entitled to the
income and the amount can be quantifjed wtth reasonable accuracy. The following specific policies are applied
lo particular categories of income..
-voluntary income is received by way of grants, donations and gifts and is induded in full in the statement of
financial activities when re￿1Vable. Grants where entit￿ment is not conditional on the delivery of a specific
perfomiance by the charity, are recognised when the charrty becomes unconditionally enb.tled lo Ihe grant.
Donated services and facilit'es are included at the value to the charity where this can be quantified. The value
of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are
sold.
Grants, including grants for the purchase of fixed assets. are reccMJnised in full in the slalemenl of financial
activities in the year in which they are re￿1vable
Income from inveslrnents is induded in the year in which it is re￿1Vable.
NET INCOMING RESOURCES
2024
2023
Net Incoming Resources are $tsted after charyingll¢reditingl:
Depreciation of tsngible assets
6,902
7,378
INVESTMENT AND OTHER INCOME
2024
2023
Bank interest
427
338
EMPLOYEES AND REMUNERATION
The staff costs comprise..
2024
2023
Wages and salaries
5,721
6,307
28

continued
Aghalee Village Hall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 De￿mber 2024
10.
TANGIBLE FIXED ASSETS
Land and
Fixtures,
buildings fittings and
freehold
equipment
Total
Cost
At 31 De￿mber 2024
250,000
65,335
315,335
Depreciation
Al 1 January 2024
Charge for the financial year
50.000
5,000
55,823
1,902
105,823
6,902
At 31 December 2024
55.000
57,725
112,725
Net book value
At 31 De￿mber 2024
195.000
7,610
202,610
At 31 De￿mber 2023
200,000
9,512
209,512
DEBTORS
2024
2023
Prepayments and accrued income
737
1,420
12.
CREDITORS
Amounts falling due within one year
2024
2023
Accruals and deferred income
2,755
1,640
13.
RESERVES
2024
2023
At the beginning of the year
Deficit for the finarbcial year
294.476
140,1691
305,429
110,9531
At the end of the year
254.307
294,476
14.
FUNDS
14.1 RECONCILIATION OF MOVEMENT IN FUNDS
Unrestricted Restricted
Funds
Funds
Total
Fund5
At 1 January 2023
Movement during the financial year
269,243
11,4361
36,186
19,5171
305,429
110,9531
At 31 December 2023
Movement during the financial year
267,807
138,482)
26,669
11,6871
294,476
140,1691
At 31 December 2024
229.325
24,982
254,307
29

continued
Aghalee Village Hall
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 De￿mber 2024
14.2 ANALYSIS OF MOVEMENTS ON FUNDS
Balance
1 January
2024
Income Expenditure
Transfers
Balance
between 31 December
funds
2024
Restricted funds
LCCC Xmas
Awards 4 All
LCCC Community Servi
TruemarklAge Nl
Rents
LCCC Hardship Fund
LCCC- Activty Programme
Hedley Foundation
Enkalon Foundation
Lottery
1.000
726
5,000
274
5,000
4,345
2,532
1,439
2,000
11,353
4,730
14,7301
{801
4,345
1,724
979
728
591
2,081
12.905
1.623
131
81
11,0491
148
2,601
2.500
500
13,425
1,025
500
16,135
1290}
3,000
26,669
24,887
23,944
12,6301
24,982
Unrestricted funds
Building Fund
Unrestricted General
209.512
58.295
6,902
53,720
202,610
26,715
19,510
2,630
267,807
19,510
160,6221
2,630
229,325
Total funds
294.476
44.397
84.566
254.307
The charity's reserves policy is to hold 3 months of operab.ng costs in a separate bank account to be used for
the continuation of the charity should it be required in the future. The aim is build up £20k for this fund lo
cover 3 months running costs.
15.
POST-BALANCE SHEET EVENTS
There have been no significant events affecting the Charty since the financial yearend.
16.
TRUSTEE REMUNERATION
During the year, four trustees paid expenses on behaw of the charity using their credit cards, as the charity has
no credit card function. These payments were for programme costs and were wholly and exdusivety forAghalee
Village Hall's charitable purposes. The charity then reimbursed the trustees forthese payments tolalling £5,698.
17.
INDEPENDENT EXAMINERS REMUNERATION
The independent examiners, Daly Path & Company Ltd, received a fee for independent examination of £1,440
12023 - £1,440).
30