Registration number NI611575 Charity number NIC101542
AGHAGALLON COMMUNITY CENTRE Company limited by guarantee
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
AGHAGALLON COMMUNITY CENTRE Company limited by guarantee
Company information
| Directors | Brendan Gorman |
|---|---|
| Gerald Lavery | |
| Daniel McCool | |
| James Joseph Nelson | |
| Denis O'Rourke | |
| Sheena Devlin | |
| Company number | NI611575 |
| Registered office | 2 Gooseberry Corner Road |
| Gawleys Gate | |
| Craigavon | |
| BT67 0BS | |
| Accountants | Alison Mitchell |
| 16 Colane Meadows | |
| Aghagallon | |
| Co. Armagh | |
| BT67 9DJ | |
| Business address | 2 Gooseberry Corner Road |
| Gawleys Gate | |
| Craigavon | |
| Co. Armagh | |
| BT67 0BS | |
| Bankers | Danske Bank |
| 39 Market Street | |
| Lurgan | |
| Co. Armagh | |
| BT66 6AB | |
| Solicitors | Campbell & Haughey |
| 85 William Street | |
| Lurgan | |
| BT66 6JB |
AGHAGALLON COMMUNITY CENTRE
Company limited by guarantee
Contents
| Page | |
|---|---|
| Directors' report | 1 |
| Accountants' report | 2 |
| Profit and loss account | 3 |
| Balance sheet | 4 - 5 |
| Notes to the financial statements | 6 - 8 |
Aghagallon Community Centre Company limited by guarantee
Directors' report for the year ended 31 March 2025
The directors present their report and the financial statements for the year ended 31 March 2025.
Principal activity
The principal activity of the company is to provide, maintain and manage a community centre in the area.
Directors
The directors who served during the year are as stated below:
Brendan Gorman Denis O'Rourke Gerald Lavery Julie McCool Resigned 20/06/24 Daniel McCool Sheena Devlin James Joseph Nelson
This report is prepared in accordance with the Companies Act 2006.
This report was approved by the Board on 23 June 2025 and signed on its behalf by
Gerald Lavery Daniel McCool Director Director
Page 1
AGHAGALLON COMMUNITY CENTRE
Company limited by guarantee
Accountants' report on the unaudited financial statements to the directors of Aghagallon Community Centre
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages 3 to 8 and you consider that the company is exempt from an audit. In accordance with your instructions we have compiled these unaudited financial statements, in order to assist you to fulfil your statutory responsibilities, from the accounting records and information supplied to us.
Alison Mitchell Chartered Accountant 16 Colane Meadows Aghagallon Co. Armagh BT67 9DJ
Date:
Page 2
AGHAGALLON COMMUNITY CENTRE
Company limited by guarantee
Profit and loss account
for the year ended 31 March 2025
| Notes Administrative expenses Other operating income Profit on ordinary activities before taxation Tax on profit on ordinary activities Profit for the year 6 Retained profit brought forward Retained profit carried forward |
Continuing operations 2025 2024 £ £ ) (23,584 ) (20,351 38,501 41,459 14,917 21,108 - - 14,917 21,108 226,028 204,920 240,945 226,028 |
|---|---|
There are no recognised gains or losses other than the profit or loss for the above two financial years.
The notes on pages 6 to 8 form an integral part of these financial statements.
Page 3
AGHAGALLON COMMUNITY CENTRE
Company limited by guarantee
Balance sheet as at 31 March 2025
| Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Creditors: amounts falling due after more than one year Accruals and deferred income 5 Net assets Reserves Profit and loss account 6 Members' funds 7 |
2025 £ £ 627,345 3,047 52,084 55,131 ) (556 54,575 - ) (440,975 240,945 240,945 240,945 |
2024 £ £ 626,218 1,619 51,399 53,018 ) (926 52,092 - ) (452,282 226,028 226,028 226,028 |
|---|---|---|
The directors' statements required by Article 257B(4) are shown on the following page which forms part of this Balance Sheet.
The notes on pages 6 to 8 form an integral part of these financial statements.
Page 4
AGHAGALLON COMMUNITY CENTRE
Company limited by guarantee
Balance sheet (continued)
Directors' statements required by Article 257B(4) for the year ended 31 March 2025
For the financial year ended 31 March 2025 the company was entitled to exemption under Article 257A(1) of the Companies (Northern Ireland) Order 1986.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with Article 257B(2).
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the Board on 23 June 2025 and signed on its behalf by
Gerald Lavery Daniel McCool Director Director Registration number NI611575
The notes on pages 6 to 8 form an integral part of these financial statements.
Page 5
Aghagallon Community Centre Company limited by guarantee
Notes to the financial statements for the year ended 31 March 2025
1. Accounting policies
1.1. Accounting convention
The financial statements are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board.
1.2. Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Land and buildings Straight line over years - Plant and machinery Fixtures, fittings - and equipment 25% straight line
1.3. Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
2.
3.
| Operating profit | 2025 | 2024 | ||
|---|---|---|---|---|
| £ | £ | |||
| Includes | ||||
| Government grants | 11,307 | 11,307 | ||
| Land and | Fixtures, | |||
| Tangible fixed assets | buildings | **Plant and ** | fittings and | |
| freehold | machinery | equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 April 2024 | 602,434 | 10,705 | 13,079 | 626,218 |
| Additions | - | - | 1,127 | 1,127 |
| At 31 March 2025 | 602,434 | 10,705 | 14,206 | 627,345 |
| Net book values | ||||
| At 31 March 2025 | 602,434 | 10,705 | 14,206 | 627,345 |
| At 31 March 2024 | 602,434 | 10,705 | 13,079 | 626,219 |
Page 6
Aghagallon Community Centre Company limited by guarantee
Notes to the financial statements for the year ended 31 March 2025
| .................... continued | .................... continued | ||||
|---|---|---|---|---|---|
| 4. | Debtors | 2025 | 2024 | ||
| £ | £ | ||||
| Other debtors | 3,047 | 1,619 | |||
| 5. | Accruals and deferred income | 2025 | 2024 | ||
| £ | £ | ||||
| Government grants | |||||
| At 1 April 2024 | 452,282 | 463,589 | |||
| Released in year | (11,307 | ) | (11,307 | ) | |
| At 31 March 2025 | 440,975 | 452,282 | |||
| Profit | |||||
| 6. | Equity Reserves | and loss | |||
| account | Total | ||||
| £ | £ | ||||
| At 1 April 2024 | 226,028 | 226,028 | |||
| Profit for the year | 17,885 | 17,885 | |||
| At 31 March 2025 | 243,913 | 243,913 | |||
| 7. | Reconciliation of movements in shareholders' funds | 2025 | 2024 | ||
| £ | £ | ||||
| Profit for the year | 17,885 | 21,108 | |||
| Opening shareholders' funds | 226,028 | 204,920 | |||
| Closing shareholders' funds | 243,913 | 226,028 |
8. Company limited by guarantee
At 31 March 2025 there were 7 members of the company, the liability of the members is limited and each has undertaken to contribute a sum not exceeding £1 in the event of the winding up of the company.
Page 7
Aghagallon Community Centre Company limited by guarantee
Notes to the financial statements for the year ended 31 March 2025
.................... continued
9. Gross cash flows
| Capital expenditure Payments to acquire tangible assets 10. Analysis of changes in net funds Opening balance £ Cash at bank and in hand 51,399 Net funds 51,399 |
2025 2024 £ £ ) (1,127 ) (1,112 Cash Closing flows balance £ £ 685 52,084 685 52,084 |
|---|---|
Page 8
AGHAGALLON COMMUNITY CENTRE
Company limited by guarantee
The following pages do not form part of the statutory accounts.
Aghagallon Community Centre Company limited by guarantee
Detailed trading profit and loss account and expenses schedule for the year ended 31 March 2025
| Administrative expenses Wages and salaries Water Rates Insurance Light and heat Repairs, cleaning and maintenance Art expenses Printing, postage and stationery Telephone Live here love here Take500 Legal and professional Bank charges General expenses Other operating income Rent receivable Activity charges Government grants received Grants received Armagh, Banbridge & Craigavon B C Sundry income Operating profit |
2025 £ 4,829 - 1,559 6,422 4,547 - 653 1,488 - 2,968 369 60 689 4,773 13,469 11,307 - 6,683 2,269 % - |
£ 23,584 38,501 14,917 |
2024 £ 4,399 ) (3 1,365 6,001 2,482 95 415 1,832 757 - 910 71 2,027 8,258 12,572 11,307 1,260 6,857 1,205 % - |
£ 20,351 |
|---|---|---|---|---|
| 41,459 | ||||
| 21,108 |