## Aghalee Village Hall STATEMENT OF FINANCIAL ACTIVITIES
for the financial year ended 31 December 2025
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|Funds|Funds|Funds|Funds|Funds|Funds|
|2025|2025|2025|2024|2024|2024|
|Notes|£|£|£|£|£|£|
|Incoming|Resources|
|Voluntary|Income|3|.|1|3,010|76,656|79,666|2,980|24,887|27,867|
|Activities|for|generating|3|.|2|17,885|-|17,885|15,033|-|15,033|
|funds|
|Investments|3|.|3|265|-|265|427|-|427|
|Other|income|3|.|4|939|-|939|1,070|-|1,070|
|Total|incoming|resources|22,099|76,656|98,755|19,510|24,887|44,397|
|Resources|Expended|
|Charitable|activities|4|.|1|32,711|59,687|92,398|60,622|23,944|84,566|
|Net|incoming/outgoing|(10,612)|16,969|6,357|(41,112)|943|(40,169)|
|resources|before|transfers|
|Gross|transfers|between|14,077|(14,077)|-|2,630|(2,630)|-|
|funds|
|Net|movement|in|funds|for|3,465|2,892|6,357|(38,482)|(1,687)|(40,169)|
|the|financial|year|
|Reconciliation|of|funds:|
|Total|funds|beginning|of the|14|229,325|24,982|254,307|267,807|26,669|294,476|
|year|
|Total|funds|at the|end|of|232,790|27,874|260,664|229,325|24,982|254,307|
|the|year|
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The Statement of Financial Activities includes all gains and losses recognised in the financial year ~~.~~ All income and expenditure relate to continuing activities ~~.~~
The notes on pages 23 to 27 form part of the financial statements
21
## Aghalee Village Hall BALANCE SHEET
as at 31 December 2025
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|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Notes|£|E|
|Fixed|Assets|
|Tangible|assets|:|10|196,088|202,610|
|Current|Assets|*|
|Debtors|41|1,110|737|
|Cash|at|bank|and|in|hand|65,429|§3,715|
|66,539|54,452|
|Creditors:|Amounts|falling|due|within|one year|412|(1,963)|(2,755)|
|Net|Current Assets|64,576|51,697|
|Total|Assets|less|Current|Liabilities|260,664|254,307|
|Funds|
|Restricted|funds|27,874|24,982|
|Designated|funds|(Unrestricted)|196,088|202,610|
|General|fund|(unrestricted)|36,702|26,715|
|Total funds|14|260,664|254,307|
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland”, applying Section 1A of that Standard.
Approved by the Board of Trustees and authorised for issue on_18th March 2026 behalf by
a2026 and signed onits
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i
Christopheri Buller
Truste
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AnneOx Miskelly AS i,
Trustee
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The notes on pages 23 to 27 form part of the financial statements
22
## Aghalee Village Hall NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2025
1 ~~.~~ GENERAL INFORMATION
Aghalee Village Hall is a charity incorporated in Northern Ireland ~~.~~ The registered office of thecompany is which is also the principal place of business of the company The financial statements have been presented in Pound (£) which is also the functional currency of the company ~~.~~
## which
2 ~~.~~ 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, modified to include certain items at fair value ~~.~~ The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "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 Companies Act 2006, the company has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4 ~~.~~ 7, 10 ~~.~~ 6 and 15 ~~.~~ 2 of that SORP ~~.~~
## Statement of compliance
The financial statements of the company for the financial year ended 31 December 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "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.
## Incoming Resources
Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement to legacies is considered established when the company has been notified of a distribution to be made by the executors. Income received 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 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 charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly 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 stated at cost or at valuation, less accumulated depreciation ~~.~~ The charge to depreciation is calculated to write 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
2% Straight line 20% Reducing Balance
## Debtors
Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the the company from government agencies and other co ~~-f~~ unders, but not yet received at year end, is included in debtors.
## Cash at bank and in hand
Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal.
23
continued
## Aghalee Village Hall NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2025
## Taxation and deferred taxation
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|No|current|or|deferred|taxation|arises|as|the|company|has|been|granted|charitable|exemption.|Irrecoverable|
|valued|added|tax|is|expensed|as|incurred|.|
|3.|INCOME|
|3|.|1|DONATIONS|AND|LEGACIES|Unrestricted|Restricted|2025|2024|
|Funds|Funds|
|£|£|£|£|
|Voluntary|Income|3,010|76,656|79,666|27,867|
|3|.|2|OTHER|TRADING|ACTIVITIES|Unrestricted|Restricted|2025|2024|
|Funds|Funds|
|£|£|£|£|
|Activities|to|Generate|Funds|17,885|-|17,885|15,033|
|3|.|3|INVESTMENTS|Unrestricted|Restricted|2025|2024|
|Funds|Funds|
|£|£|£|£|
|Investments|265|-|265|427|
|3|.|4|OTHER|INCOME|Unrestricted|Restricted|2025|2024|
|Funds|Funds|
|£|£|£|£|
|Solar|Panel|Income|939|-|939|1,070|
|4|.|EXPENDITURE|
|4|.|1|CHARITABLE|ACTIVITIES|Direct|Other|Support|2025|2024|
|Costs|Costs|Costs|
|£|£|£|£|£|
|Cost|of Charitable|Activities|-|-|92,398|92,398|84,566|
|5|.|ANALYSIS|OF|CHARITABLE|EXPENDITURE|
|2025|2024|
|£|£|
|Legal|&|Professional|1,515|6,515|
|Sundry|Costs|968|1,753|
|Direct|Programme|Costs|50,794|20,863|
|Heat|&|Light|3,307|2,939|
|Wages|&|Salaries|263|5,721|
|Membership|&|Subscriptions|1,139|657|
|Depreciation|6,522|6,902|
|Repairs|&|Maintenance|19,247|27,150|
|Bank|Fees|276|249|
|Printing,|Postage|&|Stationery|3,683|4,881|
|General|Admin|Costs|4,684|6,936|
|92,398|84,566|
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6. INCOMING RESOURCES All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy ~~.~~ The following specific policies are applied
24
continued
## Aghalee Village Hall NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 December 2025
to 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 receivable ~~.~~ Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant ~~.~~
Donated services and facilities 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 recognised in full in the statement of financial activities in the year in which they are receivable
Income from investments is included in the year in which it is receivable.
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|---|---|---|---|---|---|---|---|
|7|.|NET|INCOMING|RESOURCES|2025|2024|
|£|£|
|Net|Incoming|Resources|are|stated|after|charging/(crediting):|
|Depreciation|of|tangible|assets|6,522|6,902|
|8.|INVESTMENT|AND|OTHER|INCOME|2025|2024|
|£|£|
|Bank|interest|265|427|
|9|.|EMPLOYEES|AND|REMUNERATION|
|The|staff|costs|comprise:|2025|2024|
|£|£|
|Wages|and|salaries|263|5,721|
|10.|TANGIBLE|FIXED|ASSETS|
|Land|and|Fixtures,|Total|
|buildings|_|fittings|and|
|freehold|equipment|
|£|£|£|
|Cost|
|At|31|December|2025|250,000|65,335|315,335|
|Depreciation|
|At|1|January|2025|55,000|57,725|112,725|
|Charge|for|the|financial|year|5,000|1,522|6,522|
|At|31|December|2025|60,000|59,247|119,247|
|Net|book|value|
|At|31|December|2025|190,000|6,088|196,088|
|At|31|December|2024|195,000|7,610|202,610|
|11|.|DEBTORS|2025|2024|
|£|£|
|Prepayments|and|accrued|income|1,110|737|
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25
continued
## Aghalee Village Hall NOTES TO THE FINANCIAL STATEMENTS
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|---|---|---|---|---|---|---|---|---|---|---|
|for|the|financial|year|ended|31|December|2025|
|12.|CREDITORS|2025|2024|
|Amounts|falling|due|within|one|year|£|£|
|Accruals|and|deferred|income|1,963|2,755|
|13|.|RESERVES|
|2025|2024|
|£|£|
|At|the|beginning|of the|year|254,307|294,476|
|Surplus/(Deficit)|for|the|financial|year|6,357|(40,169)|
|At|the|end|of the|year|260,664|254,307|
|14|.|FUNDS|
|14.|1|.|RECONCILIATION|OF|MOVEMENT|IN|FUNDS|Unrestricted|Restricted|Total|
|Funds|Funds|Funds|
|£|£|£|
|At|1|January|2024|267,807|26,669|294,476|
|Movement|during|the|financial|year|(38,482)|(1,687)|(40,169)|
|At|31|December|2024|229,325|24,982|254,307|
|Movement|during|the|financial|year|3,465|2,892|6,357|
|At|31|December|2025|232,790|27,874|260,664|
|14.2|ANALYSIS|OF|MOVEMENTS|ON|FUNDS|
|Balance|Income|Expenditure|Transfers|Balance|
|1|January|between|31|December|
|2025|funds|2025|
|£|£|£|£|£|
|Restricted|funds|
|Lisburn|&|Castlereagh|City|274|1,000|639|151|786|
|Council|Xmas|
|Awards4|All|-|19,740|15,657|-|4,083|
|Lisburn|&|Castlereagh|City|4,345|4,235|1,909|(6,671)|-|
|Council|Community|Service|
|Truemark|1,724|5,000|4,900|72|1,896|
|Club|Subs|979|239|-|-|1,218|
|Hedley|Foundation|1,025|-|953|(72)|-|
|Enkalon|Foundation|500|-|-|(500)|-|
|The|National|Lottery|Community|16,135|29,047|(25,291)|-|19,891|
|Fund|Northern|Ireland|
|Lisburn|&|Castlereagh|City|-|8,590|(8,606)|16|-|
|Council|Facilities|-|Digital|Hub|
|Lisburn|&|Castlereagh|City|-|1,305|(1,732)|427|-|
|Council|DIY|
|Garfield|Weston|Foundation|-|7,500|-|(7,500)|-|
|24,982|76,656|59,687|(14,077)|27,874|
|Unrestricted|funds|
|Building|Fund|202,610|-|6,522|-|196,088|
|Unrestricted|General|26,715|22,099|26,189|14,077|36,702|
|229,325|22,099|(32,711)|14,077|232,790|
|Total|funds|254,307|98,755|92,398|-|260,664|
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26