Reglstratlon number N161157S Charity Dumber NIC101542 GHAGALLON COMMU NT Company limfitsd by gurntee DIRE FOR THE YEAR ENDED IRCH 2024
AGHAGALLOIY CO Company Ilmlted by guarantee Contsnts Page DAr¢ctors' report Accountants, report Profit and1088 account Balance 8h¢ct Notes to the financial statements
ALLON COMMUNITY CEwfRE Company Ilmlted by guarantee Company Informatlon Dire¢tor8 Brendon Gonnan Gerald Lavery Daniel M¢Cool James Joseph Nelson Deni8 OIRourke Julie Mccool Sheena Devlin Conjpany number N1611575 Re8iStered office 2 G008eb¢rry Corner Road Gawl¢y8 Gat¢ Craigavon BT67 OBS Accountanty Alison Mitch¢ll 16 Colanc Meadow8 Aghagallon Co. Annagh BT67 9DJ Business addre88 2 Goomeberry Corner Road Gawleys Gat¢ Craigavon BT67 OBS Danske Bank 39 Market Street Lurgan Co. Arngh BT66 6AB Soli¢itors Campbell & Haughey 85 Williatn Street Lurgan BT66 6JB
Aghagallon Communlty Centre Company limlted by guarnntee Dtre¢torJ' report for the yoar ended 31 Mvdr¢h 2024 The directors present their report and the financial statements for the year ended 31 March 2024. Prlnelpal a¢tlvlty The prineipal activity of the company 18 to provide, maintsin and manage a community centre in the are& Director8 The director8 who served during the ye4r are as stated below: Brendan Gomian Gerald Lavery Daniel Mccool James Jo8eph Nelson Denis O'Rourke Julie M¢Cool Sh¢cna Devlin (appointed 21106118) Thi8 rert 18 prepared in accordanee with the Companie8 Act 2006. This report Wa8 approved by the Board on 4 June 2024 and 8i8ned on its behalf by Gerald Lavery Dlréetor Dqnlel Mccool Dlreetor 201612olY Page I
ALLON COMMUNITY CE Company Ilmlted by guarantee AceountAnts' report on the unaudlted IlnanclAI 8tAtements to tbe dlrectors of Aghagallon Communlty Centre As desLYibed on the balance sheet you are responsible for the prepardtion of the financial statements for the y&qr ended 31 Mar¢h 2024 set out on pages 3 to 8 and you consider that the company 18 exempt from an audit. In &rdance with your instructions w¢ have compiled these unaudited financial statements, in order to Q88iSt you lo fulfil your 8tstutory r¢spon8ibiliti¢s, from the aCUting records and inforntstion supplied to U8. AllTr Mlt¢hell Chartered ACcoUntt 16 Col*ne Meado AEhAgallon Co. Armagh BT67 9DJ Date: Page 2
NC Company limited by 8UArante¢ Proflt and loss account for the year ended 31 March 2024 Condnulng operatloni 2024 2023 Note8 Oth¢r operating income (20,351) 41,459 (21,912) 40,643 Proflt on ordlnary actlvEllu before taxxtlon 21,108 18,731 Tax on Profit on ordinary activities Profft for the yeAr 21,108 18,731 Rctain¢d profit brought forward Retalned proflt earrled forward 204,920 226,028 186,189 204,920 There are no recognised gains or108ses other than the profit or1038 for the above two financial year8. The notes on pages 6 to 8 form an Integral part of theje financial $tatsments. Page 3
GALL OM NITY NTRE Company lflmlted by guarantee Balance 8heet A$ at 31 Mareh 2024 2024 2023 Notes Flxed amets Tangible assets 626,218 625,107 Current wets Debtors Cash at bank and in hand 1,619 51.399 2.557 42.121 Credftor8: amounts falllng due wlthln one year N¢t tllrreDt aijets 53,018 44.678 (926) (1.276) 52,092 43.402 Credlton: Amounts falllng du¢ aftsr more than on¢ year (452,282) (463,589) Net 226,028 204.920 Re•erYe• Profit and loss account 226.028 204.920 Member8, funds 226.028 204,920 The directors, st&tem¢nts required by Article 257B(4) are shown on the following page which forn part of this Balance Sheet. The notes OD pages 6 to 8 form an Intwal part of these flnaneial statements. Pydge 4
ALL Company 11nted by guargntee Balance Jheet (¢onllnued) Dlreetors, statements required by Artlde 257B(4) for the year ended 31 MAreh 2024 For the finan¢1 y¢ar ¢nd¢d 31 March 2024 the Company was entitled to ex¢mption under Articl¢ 257A(l) of th¢ Companies (Northern Ireland) Order 1986. No mcmbers have required the Lwy to obtain an audit of its accounts for the year in question in accordance with Articl¢ 257B(2). The dire¢tor8 acknowlcdgc their responsibility for complying with the requirements of the Companies Act 2(J)6 with re8pe¢t to accounting records and for the preparation of accounts. These accounts have been prepared in aGrdance with the provisions applicable to ¢ompanies subject to the small companies, Tegim¢. Th¢ financial ststements were approved by the Board on 4 June 2024 and signed on its behalf by Cer8ld Lgvery Dlreetor Danltl Mccool Dlrector Regl8tratloD number NT611575 The notss on pages 6 to 8 form an Integral part of these flnancial statements. Page 5
Aghagallon Communlty Centre Company Ilmited by guarantee Notss to the IlnAnclal 8tAtements for the year ended 31 March 2024 Accountlng polleies 1.1. Accountlng convendon The financial statrments are prepared under the historical c08t ¢onvention and comply with finan¢ial reporting 8tand8rd8 of the Accounting Standard8 Board. 12. Tanglble llxed assets and depreelation DeplatIOn is provided at rates calculated to writc off the Cost le&8 residu value of each 088et over its expected usethl life. as follows: Land and buildin88 Plant and machinery Fixture8, fittings and equipment Strai8ht line over year8 250/0 straight line 1.3. IAA•lng Rentsls payable under operating lea8es are char8ed against income on a straight lin¢ ba818 over the lea8C IA. Government grants (3rants are credited to defenEd revenue. Grants towards capital expenditure are reEea8ed to the profit and loss account over the expectrd uAeful life of the assets. Grants towanl8 revenue expenditure are released to the profit and1088 account a8 the related expenditure 18 incurred. Operatlng profit 2024 2023 Operating profit is stated after Charging: 11,307 11,307 Page 6
Aghagallon Communlty Centre Company limitsd by guarantee Notes to the finanelAI itatements for the year ended 31 March 2024 continued TAnglble fixed i¥iets Land and Flxturej, bulldlng• Plant 8nd and freehold mAehlnery equlpment Total Co8t At l April 2023 Additions 602,434 10,076 629 12,596 483 625.106 1.112 At 31 March 2024 Net book valu At 31 March 2024 At 31 March 2023 602,434 10,705 13.079 626.218 602,434 10,705 13,079 626,218 602.434 10,076 12,596 625,107 Debtors 2024 2023 Other debtors 1,619 2.557 Accruals and deferred Income 2024 2023 Government gran At l April 2023 Released in year At 31 March 2024 463.589 (11.307) 452,282 474,896 (11.307) 463.589 Equlty Re8erv Proflt ndlo aceount Total At l April 2023 Profit for the year At 31 March 2024 204,920 21,108 204,920 21,108 226,028 226,028 Page 7
Aghagallon Community Centre company limited by guArant¢e Notej to the flnanclal statements for the year ended 31 March 2024 ,. continued ReconclllAtlon of movements In 8hAreholden' lund# 2024 2023 Profit for the year Op¢ning sharcholdcrs, funds Closing 8harehol(krs' fund8 21.108 204,920 18.731 186.189 226,028 204,920 Flnanclal comndtments Comp4Dy Ilmlted by guarantee At 31 March 2024 there wete 7 members of the company, the liability of the member8 18 limited and each ha8 undertaken to contribut¢ a 8um not exceeding £1 in the eVt of the winding up of the company. 10. Gro•8 cA8h Ilow• 2024 2023 Capltal expendlture Payments to acquire tangible assets (1,112) (2,751) ii. AnAlyli ofch*ng•8 In net thndB Openlng balan¢e Cash flows Closlng balanee C48h at bank and in hand 42,121 9,278 51,399 Net fund8 42.121 9.278 51.399 Page 8