ARMAGH ROBINSON LIBRARY FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 WHR ACCOUNTANTS LTD Chartered Certified Accountants 26 The Square Moy Dungannon
ARMAGH ROBINSON LIBRARY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted Restricted Endowment Total Funds Total Fund5 Funds Funds Funds 2025 2024 Incoming resources: Voluntary income Activities for gener&ting Funds Investment income Other Incoming resources 6,048 109,103 28,619 175 1.370 7,593 109,103 28,619 14,637 121.042 105,397 29.030 70,187 1,524 Total incoming resources 156,883 1,699 1,370 159,952 325.656 Resources expended: Governance cost5 109,622 1.524 211.146 191,470 Net movement in funds {52.7391 175 1,370 151.194) 134,186 Profitl{Decrease) on Investments 144,123 144,123 59,010 Funds brought forward 78,572 248.036 2.948,319 3,274,927 3.081.731 Transfer of fund5 38.472 {38,472) Total funds carried forward 64,305 248,211 3,055,340 3,367,856 3,274,927 The statement of Financial Activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing &ctivities.
ARMAGH ROBINSON LIBRARY STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2025 Notes 2025 2024 Fixed Assets: Tangible assets Investments (Property & Equity) 15,298 3,288,670 7,748 3,021,292 3,303.968 3,029,040 Current Assets: Debtor5 Cash at bank and in hand 2,583 64.305 3,804 245,083 Total Current Assets 66,888 248.887 Liabilities.. Creditors due within one year 3,000 3.000 Net Current Assets 63,888 245,887 Total Asset5 less Current Liabilities 3,367,856 3.274,927 Accruals and deferred income Net A55ets 3,367,856 3,274,927 Fund5 of the charity Restricted funds Permanent Endowment Development Appeal Fund 3,055,340 248,211 2,948,319 248.036 Unrestricted Funds 64,305 78.572 Total Charity Funds 3.367,856 3,274,927 The note5 on the following pages form part of these accounts. Approved by the Governors and Guardian5 on 4, June 2026 and signed on cheir behalf by'.- The M05t Revd John McDowell Chair of Governors and Guardians
ARMAGH ROBINSON LIBRARY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 Total Funds 2025 Total Funds 2024 Net cash used in operating activities (Note I l ) (75,638) (36,694) Cash flows from investing activities Dividends and interest Purchase of tangible fixed asset5 Purchase of invescments 28.619 {11,874) (123,2551 29,030 (5.586) Net cash used in investing activities (106,510) 23.444 Cash flow5 from financing activities Receipc of endowment 1,370 Net cash provided by financing activities 1,370 Change In cash and cash equivalents in the year (180,778) 102,865 Cash and cash equivalent brought forward 245,083 142,218 Cash and cash equivalent carried forward 64,305 245,083
ARMAGH ROBINSON LIBRARY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 Accounting Policies: l . l. Basis of preparation: These accounts have been prepared in accordance with Accounting and Reporting by Charities Statement of Recommended Pracuce (SORP 2005}, the Charities Act (Northern Ireland) 2008 and applicable accounting standards. 1.2. Incoming resources and related expenditure: Incoming resources and related expenditure are included in the Statement of Financial Activitie5 (SOFA) when the charity becomes entitled to those resources and has incurred related expenditure. 1.3. Grants and donations: Grants and don&tiOn5 are only included in the SOFA when the charity has unconditional entitlement to the resource5. 1.4. Tangible A55ets: Depreciation is charged on Office Furniture and Equipment at 25Yo on a reducing balance basis, so as to write them off over their expected useful lives. No depreciation is provided on 'investment properties,, which is COllSlStent with the Statement of Recommended Practice 'Accounting by Charities,. Incoming Resources (Restricted Funds) During the year grant income was reeeived from the following.." 2025 2024 Arm2gh City, Banbridge and Craigavon Borough Council Nl Museums Council National Lottery Heritage Fund 250 490 38,858 1,524 2b. Incoming Resources (Endowment Funds) Public donations National Lottery Heritage Fund Ulster Garden Village5 1,370 2,938 66,708 46,471
ARMAGH ROBINSON LIBRARY NOTES TO THE FINANCIAL STATEMENTS CONTDI YEAR ENDED 31 DECEMBER 2025 Debtors 2025 2024 Property rents receivable Prepaid Insurances Grants and other income Other debtors 1,350 1 ,394 154 2,256 1,233 2,583 3,804 Accruals and deferred income Property Rents in advance Paul Mellon Association Esme Mitchell Department of Foreign Affairs - Reconciliation Fund Social Enterprise Academy Scotland Permanent Endowment: Balance as at l January 2025 Increase in Valuation dltring the year Added during the year Released to Income & Expenditure 2,948,319 144.123 1,370 (38,472) 2,773,192 59,010 Balance as at 31 December 2025 3,055,340 2,948,319 Property and financial investments held by the Library are classified as restricted funds.. to provide an income for the day-to-day running of the Library only. Development Appeal Fund: Balance as at l January 2025 Added during the year 248.036 175 246,584 1,452 Balance as at 31 December 2025 248,211 248.036 A formal resolution to restrict the use of funds raised for the Development Appeal Fund was made on the 30 December 2016. Unrestricted Funds: Balaiice as at l January 2025 Net movement during the year Transfer of funds 78,572 {52,739} 38,472 61,955 16.617 Balance as at 31 December 2025 64,305 78,572 The unrestritted funds are available to be spent for any of the pui-poses of the charity.
ARMAGH ROBINSON LIBRARY NOTES TO THE FINANCIAL STATEMENTS CONTDI YEAR ENDED 31 DECEMBER 2025 Employees: 2025 2024 Average number of full-time equivalent employees during the year l O Related Party Transactions: There were no related party transactions during the year (2024 - NIL)- I l Reconclliation of net movement in fund5 to net cash flow from operating activities 2025 2024 Net movement in funds 92.930 193.196 Deduct gifc of endowment Add back depreciation charge Deduct interest and dividends Less profit on investment (Increase>lDecrease in debtors Decrease in creditor5 & accruals 4,324 (28.619} (144,123) 1,221 (29.030) (59,010) {136) {26,920) Net cash used in operating activities (75.638) {36,694}
ARMAGH ROBINSON LIBRARY DETAILED INCOME & EXPENDITURE ACCOUNT- YEAR ENDED 31 DECEMBER 2025 Income: 2025 2024 Investment Income Dividend Income 28.619 29.030 Property Rents and Insurances 97,10 93,916 Other Income Donations, Membership, Tours Photocopying Sundry Income NLHF- Reimbursement of expenditure C2thedral Board NLHF - Endowment Grant 6,048 5,967 14,637 3.473 5,288 31,769 38,858 5.753 6,036 158,407 208.087 Expendlture: Staff Wages and National Insurance Workplace Pension Telephone Heat, Llght and Water rate5 Rates Sub5crlptlons Repairs Insurance Statlonery and Printing Miscellaneous Computer Expenses Profe$5ional Fees Lease.. Copier Depreciation Donations NIMC Playful Museum$ Project Esme Mitchell Expenditure Department of Foreign Affairs- ReconcS1Sation Fund Social Enterprise Academy Expenditure 80,133 3.286 3,431 17,301 2.288 1,432 57,126 17,881 1,347 2,646 3,445 12.208 1,656 4,324 77,039 3,364 4,499 16,190 5,041 901 30.927 15.541 2,270 2,827 1.803 11,382 1,656 1.321 200 468 672 10,290 5.078 1,642 211.146 191,469 (Deficit) I Surplus of Income over Expenditure (52,739) 16,618