Corryny Roglstrallon Numbor N1052050 Chty Numb•r NIC11X1262 Killyleagh Communty Shop LlmJt•d Company Limited by Guarantee Flnancial Statements For The Year Ended 31st December 2024
Klllylèagh Communlty Shop Limited Company Llmlted By Guarantee Flnanclal Statements Y•ar ended 31 Docamber 2024 Con*ents Charity irrformal Indep¢ndent exaninerfs reF Stslgment CA Flnawel ALtr4rt BaLgrth sheet Note5 to the financial statemts 7-12
Klltyleagh Cornmunty Shop LFmlt•d Company Umltsd By Guarant•e Legal and Mministratiye informallon H Nixon T Ccle E Dunk)p Charfty numb•r NIC100262 Company numb•r N1052050 12 Tumiennan Ro*1 Cr05sgar BT30 9ES Indepgndent examinor Broa(1 Street Ltd 153 lthrrfJsway Dunmurry BT17 9RY Bankers Ulsler 11- 16 Dwall Square East BT1 5HD
Killyleagh Communlty Shop Llmlt•d Company Limited By Guaranlae Trust8es' report {in¢ludlng DlrKlors' rBPQrt) For th• Yoar gnded 31 Dmber 2024 The trustaes FY88ent thelr annud rep)rt and finanraal statemonts for the ended 31 December 2024. The financial ststements hove been prepared in ac0yd8n wilh the 8cc£4JntirwJ Pol8$ tet out in note 1 to the finanLial statements and CX)MY¥th the tharivs g)v8rning d()Jmen( th8 Companies Act 2006 and 'Accounting and Reporting by Charilies.. Stat8Thnt of Recommend Prac¢% applicablè to charities preparing their aco)unts actanCe the FirAncial Raporbng Stsndard applicable in the UK and Republt of Ireland (FRS 102) {effVe 1 January 2019r. ObJ•¢tlves and act11•9• Prlnclpal Acthilty The principal aiwty of the chaiity is raising fijnds by running a shop by selirwJ donate4J by Ihg g8ner81 pu1¢. such as cknthes I brie-a4rac l electrical ilems (once 'PAT tested) I boc4(8 1 tOJ3 1 Crockery I Small Items of fumiture etc is not sold is then Ad on for retydiro. Surplu8 fiJrKls after runnir¥J osts are donated to loc41 eorrwitliey arKI Chrfslian Outre&h thibes. Publlc benofft In line wth its stated aims and objeetivgs. the trusta8s are CLNffttent that the Larity is und8rt8king 8CtNilies which provide public benafiL A¢hl•vem•nts and P•rftmMnc• Flnanclal Rwlew Total income forthe year was £34.965 (2023: £31.622). Shop salos anwnted 10 £33.24512023: £29.7431 and other income arUnted to £1,720 (2023.. £1,879}. Total axpgnditurB forth8 £39 (2023: £33,637). Th8 Cxtst of tharItab actmtles aThK)unt8d to £39,290 {2023= £33,637). Exp8ndrture indudes £3,240 to purthase a new shed to inrxease storage aThJ to Ude the ¢tsIde SFQCe. Net expendilure fcf the year amunted to £4.32512023.. £2.015 net expeTrJrture) LThsisting of unrgstrlced net expenditure of £4.325 {2023.. £2.015 t expendikne). Resor8 pollcy It 18 poIiGy of the dwrity to wIntain frge resernes mat()es the nets of the carity. both at the current time and the foreseeable future. This provides suffi(ienl funds to cover Nnning costs. Free reserves are trSe unrgstri(#ed reserves not deswe(l Mr Thieskny in fixed assets thi() are available for er81 us8. Plans for future wlod The current actIveS will te ¢onVnLd next in fine 7Mth our ctyve5. Struthrn, Governance and M•nageme structurn: Ilyleagh crmunity Shop opèr8tes as a Curpany Limiled by Guardntea arn1 a leter1 charitygovem8d by a Boar(l of Trustees. R•cruJtsn•n( appolnlmen( Inductlon and trainlng: Tha trustses regularfy r8vwthe re(wiremènts of the tharity the prribilty ofa need for addyonal tntstees. Any new trustees apwnted by resolutic of a meeting of all the trustees p888ed by a majority of thoso pSent. Appropriats trainlng and inductlon is available to ati trttee Page 2
Killyl•agh Communlty Shop Umlted Company Limlted By Guardnts• Trust8gs' r•wt {Includlng Dlrectorn. r•port) Icontinued) For tho Yoar •nd•d 31 D•c•mber 2024 Rlerultmert appointmert induction and tralning l¢ontlnuedl The trustees. are also the directors for the purp¥Jse of company law, aThJ vtho served durro the ypar and up to the date of signaknre of Ihe financial statsments were: H Nixon Tcde E Dunl¢ Risk managernenl The trustees have assessed the mr risks to [ch th8 tharity is expy1. in partilar trThe relat8d to thè operations ar finances of the charity. aThJ ar8 satlsfial thal systems are in place to mth'gate an exposure lo major rosks. Where approprth. system$ or cures been estsNk8h8d to mibgak the nsks the charity faces. Stat•ment of trustws. responslbllltles The tru$te8s, also the direLrys of KI18 C(¥nmuiNty SIKP Limit&J for the purpose of cx)mpany law are responsiLI8 for pTrparing the Trusts8s' RepcKt and the financkgl statements in aceA)rdance wrth applicable law and unl ngdorn ACCnting Standards (United King(kn GenerallyAccept&J knounting Practice). Company Law requrres the trustees to prepare financial slements for each finaKial year which giv8 a tr and fair view of the stats of affairs of the charrty arKI of the incoming resour and appluti of reSreaS, Induding thé irKome aThJ axpwKlibJre. of thg tharitabl6 ecrfnpany for that ytar. In wepariw th8se financial 8t2tements, the trustees are Uired to.. . Select Suitab a¢c¥Juntlng pdhxs and applythem n$tenty. - observe the methcrfts aThl prlnoF40s n the Charltie5 SORP. - maka judggmonts and 8stim8t88 that are r88sonab aTrJ wthlont - state whher applicab UK AttountirvJ Standards haNp been foih)ed. subixt to any material departures disclosed and exFlained in Ihe finarwl 8talements.' and - preparè thg knncial Statemts on th6 goiTrJ concem basls unloss il 18 inaptwate lo pr8sume that the arity will continue in ¢yaticfft. accurncy al anytime the finanual KMJSttion of the charlty and enab them to ensure that the financlal statements compty wth the Companies Act 20(. They are also responsible for safeguarding the assets of tho charity 8rKI hence for taknng reasonabl6 8teps for the prevention and detecti( of fraud and other irregularitses. H Nixon Trustee Dated.. 17 Jur 2025 Pago 3
Klllyleagh Communlty Sh¢w Limlted Company Umft•d By Guarants• Indopendent •xamin•rfs iyptKt to tha Trust¢•8 of Klltyknagh Communty Sh¢)p Limlt•d We report on the accounts oflhe tharity for the ended 31 December 2024, vthith are 8ét out on pages 5t012. Resp•ctlve rosponslbllhles of trustees and examln The Iru$lees. who are also the directors of Killy8agh CnMunity SIKV LIMW for ts wrt¥)ses of company law, arg responsible for the preparatm ofthe accounts in ac(xxdanr4 wilh the requirements ofthg Ccffipanies Act 2006. Having satisf ourselves that th& charity is not subject to 8j11 under (>xnpanylaw. is elIgle for indepeThJent examinati. it is cw reS[rtslIty to.. (il examine the a¢cwnts unts section 65 ofthe Charities Act {ii) fdlow the protyjures lahj down in the ggneral dyectsons gen ty the Charity Commission for Norlhem Ireland urbjer section 6519llb) of the Charibes (iii) State Whther partthlar matters have com8 io our attenlion. Basis of Independenl examinerfs report We hav8 examined yDur tharity acUnts as required under section 65 ofth8 Charibes Act aThJ our examinatlon was carfed out in accorda vAth the general Directions given by Iha Charity CommSssKn for Northem Ireland under section 65{9)(bl of Ihe Charibes The examinath)n irKlude(l a of the accounting records kept by th8 charity and a comparison of the accounls presented wth those records. It also induded consideratiLY of any unusual items or disclosures in the acc(nts. and seeking explanat from Y a5 tharty truste88 nCern1ThJ anysuth matters. Our role is to Slate any matwHI matters (x)me to rm attenlion gmry us caLtse to believe.. 1. That accwnting records were not kept in acurdance s&tion 386 ofthe Cthnpani88 Act 2C 2. That the arxounts do not a¢xord with IlThe accwntirKJ rOrdS 3. That tha aw)unts do not GQ¥nptyryth the actounting rwjulrements of sth of the CMpanieS A(# 2(K)6 and methods ond princie$ of the Char$ Statement of RmMerKI1 Pra1 applicablo to chartues preparing their ac¢cwnts in acc(nce thg FinancAal RerK)rtlng strd app[ble in the UK and Republic of Ireland 4. That there is further infomiatith ne*d for a prcpgr und8rslarKling of lh8 acD)unts to be reathed. Independent examlnerfs sLitement We can confimi that we are ql1[ried to undertake the examinakn because ¥ are registered members of Chartered AccJntants Ireland which is one of the li51&J todies. We have Cometed our wxamknati¢)n 8fKI havo no concems in resFeCt of any of the rnatters111. (41 Ils above and, In eonnection fcllowNJ the Directm of the Charity Comrnission fty Northern Ireland, wo have ftyjnd no other Matte that reqLUrn dr8¥•j to >wr attention. Tony MGAlaenan FCA For and on behalf of Broad Streel Admsory Charter&1 rntsnts 153 Kingswoy Dunmurry BT17 gRY Data.. 17 Junè 2025 Page 4
Killylgagh Communlty Shop Umited Company Umllad By Guarantee Statornent of Flnanclal A¢tlvities Includlng Incorw and Expgndliur• a¢¢ounl For tho year•ndod 31 Dxember 2024 Funds Total 2024 Funds Total 2023 UnrestriLtsI Restricted FuThJs Funts Incom• from: Charitable treS Total Income 34.965 31.622 31.622 34,965 EXpwd1r• on: Charitable athtlies Totsl oxpondlturn 39,2 39.2 39.290 3929J 33.637 33.637 Ilet exPdItiO (4,325) (4.325) 12.015} Trnnthr betw••n fund• Net movemont In funds (4.325) {4.325} {2,0151 R•con¢lllatlon of funds: Fund balances at 1 January 2024 8,169 8,169 10.184 Fund balanGos at 31 Docamber 2024 8.169 Pag8 5
Klllyleagh Communty Shop Limlt•d Company Llmlted By Guwantee Balanc• she•1 As al 31 Decembor 2024 2024 2023 CurTant assots Debtors Cash at bank aThJ in hand io 91 9,778 9,869 6.084 Credltors: •mounts falllng due tmlthln one yffir 11 (2,240) 11.700) 8,169 The funds of the charlty Rastrid fvnd8 Unr8stricte(1 lurK18 Total funds 12 13 8.169 8.169 The cThipany is gntitied to the exemption frcrfn the audit requirement nl[l in se(ion 477 of th Companies Act 2006, fc the yEar end 31 December 2024. The directors ackrthAedgg th8Sr reswnsibilibes for Wipng wrih the wuirements of the Companies A( 2006 with respect to 8e£ountirrfJ rec•)rds aThY the preparation of financAal stalemerts. Tho mambers have not requlred the 7panY to cthin an a[1 of its financi ststements fcff the sear question in awjrdance witr seclion 476. These ffinarnial slatements have been tr8d in accuoartt wrth the applublg to compani05 subi8cI to the Small regime. The thancial ststwnents were apwovwj byth& trustees 17 June 2025 H Nixon Trust90 Pao8 6
Kllfyleagh Community Shop Llmlt•d Company Limited By Guarantge Fortho Y•ar andod 31 Docembw 2024 countlng polldes Charfty Infomiatlon Kile8gh Communlty Shop Limited Is a wvate rnPanY lmited by guaranta8 iiKorFxxated in Northern IrdatMI. Thfr lS1) offic 15 12 Tumieman Roal. Cr0&9aar, Downpatrid(, 8T30 9ES. Accounllng Gonv•ntlon The ffinancial statements have tren Ewa1 in aecordance the ch8riVg govwning document. the Ccrfnpanies Act 20• and-Accwnb"ng arKI ReFMxb'ng by Charilies.. Stalement of Rerx)mmended PrncttC8 applicatrje lo charilies preparing their accounts in acCance with Ihe Finanoal Rewting Stsndard aFvlkatAe in the UK and RewblK of Ird8TrJ (FRS 102)16ffecti¥e 1 January 2019}". Thg charity is a Public Benefrt Entity as defin&J by FRS 102. The clwlty has lthen ath8nta9e Of in the SOFIP for dwibes appIng FRS 102 Updato Bulletkn 1 not to prepare a Statemtt of Cash Fk. The financial ststements we prepared in stefliw, which 15 the AlrtiOnal rrencY of the charity. 4knetsry amounts in ITr financh?I statements are Tounded to the nearest £. The firnncid statema)ts have ten pwared under th8 rJ)st convent1. Th8 prlnupal acntIrj pdic688 lopted ar8 86t out bekhv. Golng conG At the time of appToMng the finclaI statemwts. the trustees have a reascwble expectatr)n that the chadty has adequats reswrce8 to e4Jntinue in operational oxislence for ths for8seeable fvture. Thus the tnjstees continue to adcyt the going corKem basis of accounting in preparing th8 financial Statants. Charllable funds Urestrithl ftJThJs ara avaIle fc u58 at the dstratic oftha trustees in fvrtherance of thelr charitable obj&tNes. Restri funds are suLyect to $pecTThc {£dItIonS by dcrnrs or grantors as to tKiwthey may be Income Income is rgcognised V4twi the tharity is legally entiw to it after any pw118rtt CcO0ns have b88n meL lthe aMnts b8 mgasured reliabty, and it is probabFe that incclne be Cash donations are reccgnised on receipL Other donatIS are reccJnised once the charity has been notified of the donalion. UesS cOnditK wuire deferral of the Mnt. Exponditurg Expendilure 18 recognised orTh Iher8 is a legal or o)nstructive oblvjabon to make a pawnent to a third p8rty. it rcthb18 that setuement wll be required and the amoLmt of thè obligation can be measured rdithy. IrrecoveratAa VAT is tirg9d as a cost agalnst the aCtsty for tr expendlture was ITr&S. Page 7
Klllyleagh Comrnunlty Shop Llrnltod Company Umlted By Guarantee Notss to the financlal statmth Icontlnued) Forth• Yow end•d 31 Dec•mber 2024 unilng pollckn (contlnu•d) Expenditur• (continued) EyndIre on charitable acbth Inch$ Ihe (>)sts of ser4iees und9rten to the purpose5 of the charity arKI their asswated suppcma u)5ts. Support costs are thw fvnctions Ihat assisl the work of the charity but do diredy undertaka chatltth a¢lNti8& Cash and c8$h oqulvalents Cash and cash eqLuvalents indude cash in I. detJsits held at call wth banks. other short-terni liquid investrnents wth txiginal mattjritses of ttee months or . and bank overdrafts. Bank overdrafts ¥e slxy•m bcffrovlrvJs In ent lImeS. Tax As a charfty, the company benefits from varKws exempti6 afforded by lax legislation. It is therefore not liable to coryratIOn tsx on income or gains falling due wtthin Ihose exemptions. Crltic•l a¢tIng Mtimatgs and Judgoments In the application of the chariws acc¥)unting wliaes. the trustees are Uired to make judgements, estimates aThJ assumptions ab( ts carrying amount of assets and liabilitss that are not roadily apparent from othw srceS. The estimates and aslated assumpb'ons aro ba*J on hlslorical 9XFnce atKI olher factors that are eonsid8rgd lo be rel8vant. AcbJ81 The estsmatss and underfn9 assumpti are rv&iwJ an ongoivj basi¥. Rgvisions to accounllng èstim8t8s are re3n1$ad in the neI in whth the estimate Is revlsed where the revtsion affecis lY th8t perlod, or in the period of Ihe revis aThJ fvre rericlts vthore thè revtsic4) affects (rrent and fubjre peri(yJs. Unrestricted Restried Fund$ Funds FurKIs 2024 Funds 2024 Tolal 2024 Total 2023 Shop Sales Other wjcome 33.245 1.720 33.245 1,720 29,743 1,879 29.743 1.879 34.965 34.965 31.622 31.622 Page 8
Klllyleagh Communlty Shop Limited Company Umlled By Guarant8• Not05 to th• fin4nclal statOm (¢ontlnued) Fortho Yw gndod 31 D•¢•mber 2024 Exp•ndltur• on charltth acuvrtkns Charrtable livthg 2024 2023 LvJht arKI heat 624 42fy) 217 39S 130 3.240 340 29.402 38.730 Water ratss Shop expenses Volunts8r exp88$ Repairs Insurance Donatlo 27,700 33.332 Share of 8UPPOrt and gov•rnance costs (we nots S) SuFPJrt 240 39,290 33.637 Anatysts by fvnd Unrestrt¢Xed funds Restric funds 33,637 39,2 33,637 Support colts local to actmu 2024 2tr23 Bank thrges Sundry 292 13 240 305 alysed belv•Ben: Charle athvibos 305 Net mov•ment In funds 2024 The net movement in fvnds is slated after Charg1(CrOdg). Fees pay*>le for the independent aX8M1natK cl the chorrvs financ4al slalements 240 Pa98 9
Klllyleagh Communlty Shop Umited Company Llmlled By Guarant•• Notss to tho financial Statw) (Gontlnu•d) Forthe Year •nd•d 31 D•C•M 2024 None ofthe trustees (or any p&sons ca)nnled them) rec1 arry remunoratron or berIts from the chaty during the sear. Employees The 8verag8 number cé empkn iThSudlng ts dwr$ durirvJ the year was.. 2024 2023 Trustees TatIon The charity 18 examF¢ from taxat on its &b¥iS bU86 all its ino)me18 appliBd for 10 Dobtora 2024 2023 Amojnts falling duè 7hrytl¥n one Jwr. 91 91 11 Cr•dltorn' amounls falling du• within one y•ar 2024 20ZJ 2.240 2.240 1.700 1,700 12 The restrided furKls ofts clwity corntw the unexFend8d baLgn(s of dOnatS and grants hekl on trust to speafic ClYKl(M by thjnrxs as to lknvthey may used. A131 January Incoming Resources 2024 res(ree$ expended Transfer 2024 R05triced fuThJ$ Page 10
Klllyleagh Comrnunfty Shop Limil¢d Company Umliod By Guarnntsfr Notes to tho financlal Statem (¢ontinuod) For th• Y•ar •ndDd 31 Dec•mb•r 2024 12 R•slrlcted funds (contlnued) At31 Jarnwry InoJmir¥J Resour 23 resourc8s eXend Trdnsfer 20Z3 13 Unr•SlriCt funds The unrestricaed funts of the ctsrty npriSe the unexpend&J baL4nces of donatic$ and grarrts whth are not subj to speufic (¥JN1ith)ns by tkniors aThJ uyantors as tb)w they may be used. At31 January Incom1 Resources 2024 Unre8lri¢ted fuThls 8.169 34. I39,1) 8.169 34,965 39,290) At31 January Incommw Resour 2023 Unre8tri¢&ed fund8 10,184 31.622 133.637) 8.169 10,184 31,622 33.637 8.169 14 fund8 2024 funds 2024 Tcrtal 2024 At 31 Dmber 2024.. Current assetsl{Ik?bilittes) Pa9• 11
Killyleagh Communlty Shop Umlted Company Llmlt¢d By Guarnntse Noles to th• flnanclal statem•nts (continugd) For the Y•ar end•d 31 Dg¢ember 2024 14 Anaty5l8 of net a%s•ts bètween {con11ndI funds 2024 fuThJs 2024 Total 2024 At 31 Dec¢mber 2023.. Current assetsl{Ikgbilitses) 8.169 8.169 8,169 8,169 15 R•lat8d party transactlons Thgre wern no disL%osthe rd8ted paty tran8aL*ons durwMJ Ihe sw120rJ. nc). P8 12