Registration number NI611575 Charity number NIC101542
AGHAGALLON COMMUNITY CENTRE Company limited by guarantee
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
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 2026
The directors present their report and the financial statements for the year ended 31 March 2026.
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 Sheena Devlin Daniel McCool James Joseph Nelson
This report is prepared in accordance with the Companies Act 2006.
This report was approved by the Board on 26 June 2026 and signed on its behalf by
James Joseph Nelson 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 2026 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 2026
| 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 2026 2025 £ £ ) (17,803 ) (23,584 41,094 38,501 23,291 14,917 - - 23,291 14,917 240,945 226,028 264,236 240,945 |
|---|---|
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 2026
| 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 |
2026 £ £ 628,885 3,047 66,690 69,737 ) (4,718 65,019 - ) (429,668 264,236 264,236 264,236 |
2025 £ £ 627,345 3,047 52,084 55,131 ) (556 54,575 - ) (440,975 240,945 240,945 240,945 |
|---|---|---|
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 2026
For the financial year ended 31 March 2026 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 26 June 2026 and signed on its behalf by
James Joseph Nelson 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 2026
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 | 2026 | 2025 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| 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 2025 | 602,434 | 10,705 | 14,206 | 627,345 | |
| Additions | - | 1,540 | - | 1,540 | |
| At 31 March 2026 | 602,434 | 12,245 | 14,206 | 628,885 | |
| Net book values | |||||
| At 31 March 2026 | 602,434 | 12,245 | 14,206 | 628,885 | |
| At 31 March 2025 | 602,434 | 10,705 | 14,206 | 627,346 |
Page 6
Aghagallon Community Centre Company limited by guarantee
Notes to the financial statements for the year ended 31 March 2026
| .................... continued | .................... continued | ||||
|---|---|---|---|---|---|
| 4. | Debtors | 2026 | 2025 | ||
| £ | £ | ||||
| Other debtors | 3,047 | 3,047 | |||
| 5. | Accruals and deferred income | 2026 | 2025 | ||
| £ | £ | ||||
| Government grants | |||||
| At 1 April 2025 | 440,975 | 452,282 | |||
| Released in year | (11,307 | ) | (11,307 | ) | |
| At 31 March 2026 | 429,668 | 440,975 | |||
| Profit | |||||
| 6. | Equity Reserves | and loss | |||
| account | Total | ||||
| £ | £ | ||||
| At 1 April 2025 | 240,945 | 240,945 | |||
| Profit for the year | 25,207 | 25,207 | |||
| At 31 March 2026 | 266,152 | 266,152 | |||
| 7. | Reconciliation of movements in shareholders' funds | 2026 | 2025 | ||
| £ | £ | ||||
| Profit for the year | 25,207 | 17,885 | |||
| Opening shareholders' funds | 240,945 | 226,028 | |||
| Closing shareholders' funds | 266,152 | 243,913 |
8. Company limited by guarantee
At 31 March 2026 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 2026
.................... 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 52,084 Net funds 52,084 |
2026 2025 £ £ ) (1,540 ) (1,127 Cash Closing flows balance £ £ 14,606 66,690 14,606 66,690 |
|---|---|
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 2026
| Administrative expenses Wages and salaries Insurance Light and heat Repairs, cleaning and maintenance Printing, postage and stationery Telephone 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 |
2026 £ 5,630 1,222 5,492 741 286 1,762 1,916 82 59 613 5,888 14,339 11,307 2,197 7,303 60 % - |
£ 17,803 41,094 23,291 |
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 |