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 statem￿ts
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 D￿mber 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 Pol￿8$ tet out in note 1 to
the finanLial statements and CX)M￿Y¥￿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 ￿ act￿anCe the FirAncial Raporbng Stsndard applicable in the UK and
Republt of Ireland (FRS 102) {eff￿*Ve 1 January 2019r.
ObJ•¢tlves and act￿11•9•
Prlnclpal Acthilty
The principal ai*wty of the chaiity is raising fijnds by running a shop by selirwJ donate4J by Ihg
g8ner81 pu￿1¢. 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 L*arity is und8rt8king
8CtNilies which provide public benafiL
A¢hl•vem•nts and P•rft*mMnc•
Flnanclal Rwlew
Total income forthe year was £34.965 (2023: £31.622). Shop salos anwnted 10 £33.24512023: £29.7431
and other income ar￿Unted 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 U￿de the ¢￿tsIde SFQCe.
Net expendilure fcf the year amunted to £4.32512023.. £2.015 net expeTrJrture) LThsisting of unrgstrlc*ed
net expenditure of £4.325 {2023.. £2.015 ￿t expendikne).
Resor￿8 pollcy
It 18 poIiGy of the dwrity to w￿Intain frge resernes mat(*)es the ne￿ts of the c*arity. both at the
current time and the foreseeable future. This provides suffi(ienl funds to cover Nnning costs. Free reserves
are tr￿Se unrgstri(#ed reserves not deswe(l Mr Thieskny in fixed assets *thi(*) are available for ￿er81 us8.
Plans for future wlod*
The current actIv￿eS will te ¢onVnL*d next in fine 7Mth our cty*ve5.
Struthrn, Governance and M•nageme
structurn:
Ilyleagh cr￿munity Shop opèr8tes as a Curpany Limiled by Guardntea arn1 a le*ter￿1 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 p￿Sent. Appropriats trainlng and inductlon is available to ati trt￿tee￿
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 m*r risks to ￿[ch th8 tharity is expy￿1. in parti￿lar 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 ￿c￿￿ures been estsNk8h8d to mibgak the nsks the
charity faces.
Stat•ment of trustws. responslbllltles
The tru$te8s, also the direL*rys of KI1￿8￿ C(¥nmuiNty SIKP Limit&J for the purpose of cx)mpany law
are responsiLI8 for pTrparing the Trusts8s' RepcKt and the financkgl statements in aceA)rdance wrth applicable
law and unl￿ ￿ngdorn ACC￿nting Standards (United King(kn GenerallyAccept&J knounting Practice).
Company Law requrres the trustees to prepare financial sl*ements for each finaKial year which giv8 a tr
and fair view of the stats of affairs of the charrty arKI of the incoming resour￿ and appluti￿ of reS￿reaS,
Induding thé irKome aThJ axpwKlibJre. of thg tharitabl6 ecrfnpany for that ytar.
In wepariw th8se financial 8t2tements, the trustees are ￿Uired to..
. Select Suitab￿ a¢c¥Juntlng pdhxs and applythem ￿n$￿tenty.
- observe the methcrfts aThl prlnoF40s n the Charltie5 SORP.
- maka judggmonts and 8stim8t88 that are r88sonab￿ aTrJ wthlont
- state wh*her applicab￿ UK AttountirvJ Standards haNp been foih)*ed. subixt to any material departures
disclosed and exFlained in Ihe finarwl 8talements.' and
- preparè thg knncial Statem￿ts 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$lees. who are also the directors of Killy8agh C￿nMunity SIKV LIMW for ts wrt¥)ses of company
law, arg responsible for the preparatm ofthe accounts in ac(xxdanr4 wilh the requirements ofthg
Ccffipanies Act 2006.
Having satisf￿ ourselves that th& charity is not subject to 8￿j11 under (>xnpanylaw. is elIgl￿e for
indepeThJent examinati￿. it is cw reS[rt￿s￿lIty to..
(il examine the a¢cwnts unts section 65 ofthe Charities Act
{ii) fdlow the protyjures lahj down in the ggneral dyectsons g￿en ty the Charity Commission for Norlhem
Ireland urbjer section 6519llb) of the Charibes
(iii) State Wh￿ther partthlar matters have com8 io our attenlion.
Basis of Independenl examinerfs report
We hav8 examined yDur tharity ac￿Unts as required under section 65 ofth8 Charibes Act aThJ our
examinatlon was carfed out in accorda￿ vAth the general Directions given by Iha Charity CommSssK*n for
Northem Ireland under section 65{9)(bl of Ihe Charibes The examinath)n irKlude(l a of the
accounting records kept by th8 charity and a comparison of the accounls presented wth those records.
It also induded consideratiLY* of any unusual items or disclosures in the acc(￿nts. and seeking explanat￿
from Y￿ a5 tharty truste88 ￿nCern1ThJ anysuth matters.
Our role is to Slate any matwHI matters (x)me to rm attenlion gmry us caLtse to believe..
1. That accwnting records were not kept in acurdance ￿ s&tion 386 ofthe Cthnpani88 Act 2C
2. That the arxounts do not a¢xord with IlThe accwntirKJ r￿OrdS
3. That tha aw)unts do not GQ¥npty￿ryth the actounting rwjulrements of sth ￿ of the C￿MpanieS A(#
2(K)6 and methods ond princi￿e$ of the Char￿￿$ Statement of R￿mMerKI￿1 Pra￿1￿ applicablo to
chartues preparing their ac¢cwnts in acc(￿nce thg FinancAal RerK)rtlng st￿rd 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 ql￿1[ried to undertake the examinakn because ¥￿ are registered members of
Chartered Acc￿Jntants Ireland which is one of the li51&J todies.
We have Com￿eted 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 ￿r￿ntsnts
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
EXpwd1￿r• on:
Charitable athtlies
Totsl oxpondlturn
39,2
39.2
39.290
3929J
33.637
33.637
Ilet exP￿dIti￿O
(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 ￿n￿l[￿l in se(*ion 477 of th
Companies Act 2006, fc* the yEar end￿ 31 December 2024.
The directors ackrthAedgg th8Sr reswnsibilibes for Wip￿ng 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 t*￿r8d 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
Kil￿e8gh Communlty Shop Limited Is a wvate ￿rnPanY l*mited 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 tr*en Ewa￿1 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 acC￿ance 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 appI￿ng FRS 102
Updato Bulletkn 1 not to prepare a Statem￿tt of Cash Fk￿.
The financial ststements we prepared in stefliw, which 15 the Alr￿tiOnal ￿rrencY of the charity.
4knetsry amounts in ITr￿ financh?I statements are Tounded to the nearest £.
The firnncid statema)ts have t*en pwared under th8 rJ)st convent1￿. Th8 prlnupal
ac￿ntIr￿j pdic688 *lopted ar8 86t out bekhv.
Golng conG
At the time of appToMng the fin￿claI 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 Stat￿ants.
Charllable funds
Ur*estrithl ftJThJs ara avaIl￿e 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 pw1￿￿18rtt Cc￿￿￿O0ns
have b88n meL lthe aM￿nts ￿ b8 mgasured reliabty, and it is probabFe that incclne be
Cash donations are reccgnised on receipL Other donatI￿S are recc*Jnised once the charity has
been notified of the donalion. U￿esS cOnditK￿ wuire deferral of the ￿M￿nt.
Exponditurg
Expendilure 18 recognised orTh Iher8 is a legal or o)nstructive oblvjabon to make a pawnent to a
third p8rty. it r*cthb18 that setuement wll be required and the amoLmt of thè obligation can be
measured rdithy. IrrecoveratAa VAT is t*irg9d as a cost agalnst the aCts￿ty for tr
expendlture was I￿￿Tr&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)
EyndI￿re on charitable acbth Inch￿$ Ihe (>)sts of ser4iees und9rt*en 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$h oqulvalents
Cash and cash eqLuvalents indude cash in I￿￿. det*Jsits held at call wth banks. other
short-terni liquid investrnents wth txiginal mattjritses of tt￿ee months or ￿. and bank
overdrafts. Bank overdrafts ¥e slxy•m bcffrovlrvJs In ￿￿ent ￿lImeS.
Tax
As a charfty, the company benefits from varKws exempti￿6 afforded by lax legislation. It is
therefore not liable to cory￿ratIOn tsx on income or gains falling due wtthin Ihose exemptions.
Crltic•l a¢￿￿￿tIng Mtimatgs and Judgoments
In the application of the chariws acc¥)unting wliaes. the trustees are ￿Uired to make
judgements, estimates aThJ assumptions ab(￿ ts carrying amount of assets and liabilitss that
are not roadily apparent from othw s￿rceS. The estimates and as￿lated assumpb'ons aro
ba*J on hlslorical 9XF￿￿nce atKI olher factors that are eonsid8rgd lo be rel8vant. AcbJ81
The estsmatss and underf￿n9 assumpti￿ are rv&iwJ ￿ an ongoivj basi¥. Rgvisions to
accounllng èstim8t8s are re￿3n1$ad in the ￿ne￿I in whth the estimate Is revlsed where the
revtsion affecis ￿lY th8t perlod, or in the period of Ihe revis￿ aThJ fv￿re rericlts vthore thè
revtsic4) affects (￿rrent and fubjre peri(yJs.
Unrestricted Restri￿ed
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 exp￿88$
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 ￿loca￿l to actmu
2024
2tr23
Bank thrges
Sundry
292
13
240
305
alysed belv•Ben:
Charl￿e athvibos
305
Net mov•ment In funds
2024
The net movement in fvnds is slated after Charg1￿(CrOd￿g).
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)nn￿led them) rec￿1 arry remunoratron or
b￿erIts from the cha￿ty during the sear.
Employees
The 8verag8 number cé empkn￿ iThSudlng ts dw￿r$ durirvJ the year was..
2024
2023
Trustees
Ta￿tIon
The charity 18 examF¢ from taxat￿ on its &b¥i￿S b￿U86 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 dOnat￿S 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
R05tric*ed 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 eX￿end￿ 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 D￿mber 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 {con11n￿dI
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￿).
P￿8 12