: 

# REGISTERED COMPANY NUMBER: N1I025664 (Northern Ireland) REGISTERED CHARITY NUMBER: 102482 

## Report of the Trustees and 

Unaudited Financial Statements for the Year Ended 31 December 2025 

for 

Aughnaciloy Development Association Ltd. (A Company Limited by Guarantee) 

. 

## Aughnacloy Development Association Ltd. 

## Contents of the Financial Statements for the Year Ended 31 December 2025 

## Page 

|Report ofthe Trustees|1|to|2|
|---|---|---|---|
|Independent Examiner's Report||3||
|Statement of Financial Activities||4||
|Balance Sheet|5|to|6|
|Notes to the Financial Statements|7|to|13|
|DetailedStatementofFinancialActivities|14|to|15|



° 

## Aughnacloy Development Association Lid. 

## Report of the Trustees 

for the Year Ended 31 December 2025 

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

## OBJECTIVES AND ACTIVITIES 

## Objectives and aims 

Our activities include the provision of day care facilities for disabled adults from the Clogher Valley area as well as short term residential accommodation and shop units. 

We organise fundraising events to assist with the development of the town and district of Aughnacloy. 

## FINANCIAL REVIEW 

## Reserves policy 

The results for the year are set out in detail on page 4 onwards. The charity returned a net surplus of £16,186 for the year ended 31 December 2025 (2024 - £7,146). 

The charity does not maintain a formal reserves policy however the Board of Trustees continue to monitor the level of reserves held by the charity and are satisfied that these are adequate to meet any unforeseen expenditure incurred. 

## STRUCTURE, GOVERNANCE AND MANAGEMENT 

## Governing document 

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

## REFERENCE AND ADMINISTRATIVE DETAILS 

## Registered Company number 

NI025664 (Northern Ireland) 

## Registered Charity number 

102482 

## Registered office 

The Mccreedy Mill Centre Caledon Road 

AUGHNACLOY Co. Tyrone BT69 6AL 

7 | BT69 6AL | Trustees ? Paddy Douglas | John Tweedie Millar : Tom Quinn Stephen Salley Gwen Stevenson John Ward 

Page 1 

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## Aughnacloy Development Association Ltd. 

Report of the Trustees for the Year Ended 31 December 2025 

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner 

Gildernew & Co Ltd Six Northland Row DUNGANNON Co. Tyrone BT71 6AW 

Approved by order of the board of trustees on 13 April 2026 and signed on its behalf by: 

Gwen Stevenson - Trustee 


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Stephen Salley - Trustee 

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## Independent Examiner's Report to the Trustees of Aughnacloy Development Association Ltd. 

I report on the accounts of the company for the year ended 31 December 2025, which are set out on pages four to thirteen. 

## Respective responsibilities of charity trustees and examiner 

As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. 

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: 

- examine the accounts under Section 65 of the Charities Act 

- - follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act 

- state whether particular matters have come to my attention. 

## Basis of the independent examiner's report 

I have examined your charity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. 

My role is to state whether any material matters have come to my attention giving me cause to believe: 

1. That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 

3. That the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland 

4. That there is further information needed for a proper understanding of the accounts to be reached. 

## Independent examiner's statement 

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. 


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Mr Gerard Gildernew FCA 

Gildernew & Co Ltd Six Northland Row DUNGANNON Co. Tyrone BT71 6AW 

13 April 2026 

Page 3 

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Statement of Financial Activities for the Year Ended 31 December 2025 

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## Aughnacloy Development Association Ltd. 


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|||||||||
|---|---|---|---|---|---|---|---|
|31.12.25|31.12.24|
|Unrestricted|Restricted|Total|Total|
|Notes|fund£|funds£|funds£|fundsE|
|INCOME AND ENDOWMENTS|FROM|
|Donations|and|legacies|2|50|2,363|2,413|12,254|
|Investment|income|3|44,088|-|44,088|35,742|
|Total|44,138|2,363|46,501|47,996|
|EXPENDITURE ON|
|Raising|funds|4|26,831|3,484|30,315|40,850|
|NET INCOME/(EXPENDITURE)|17,307|(1,121)|16,186|7,146|
|Transfers|between|funds|12|(1,121)|1,121|-|-|
|Net movement|in funds|16,186|-|16,186|7,146|
|RECONCILIATION|OF FUNDS|
|Total|funds|brought forward|678,053|-|678,053|670,907|
|TOTAL FUNDS|CARRIED|FORWARD|694,239|-|694,239|678,053|

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The notes form part of these financial statements Page 4 

: 

## Aughnacloy Development Association Ltd. 

| 

## Balance Sheet 

## 31 December 2025 

|||||31.12.25|31.12.24|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||Notes|£|£|£|£|
|FIXED ASSETS||||||
|Tangible assets|9|558,161|-|558,161|548,939|
|CURRENTASSETS||||||
|Debtors|10|9,709|-|9,709|11,260|
|Cash at bank||153,398|-|153,398|122,986|
|||163,107|-|163,107|134,246|
|CREDITORS||||||
|Amounts falling due within one year|11|(27,029)|-|(27,029)|(5,132)|
|NETCURRENTASSETS||136,078|-|136,078|129,114|
|TOTALASSETS LESSCURRENT LIABILITIES||694,239|-|694,239|678,053|
|NETASSETS||694,239|-|694,239|678,053|
|FUNDS|12|||||
|Unrestricted funds||||694,239|678,053|
|TOTALFUNDS||||694,239|678,053|



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025. 

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006. 

## The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

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The notes form part of these financial statements Page 5 

continued... 

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## Aughnacloy Development Association Ltd. 

Balance Sheet - continued 31 December 2025 

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on 13 April 2026 and were signed on its behalf by: 

Gwen Stevenson - Trustee 

aCe 

Stephen Salley - Trustee 

The notes form part of these financial statements 

Page 6 

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## Aughnacloy Development Association Ltd. 

: 

## Notes to the Financial Statements 

## for the Year Ended 31 December 2025 

## i. ACCOUNTING POLICIES 

## Basis of preparing the financial statements 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets. 

## Income 

Ail income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## Expenditure 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## Tangible fixed assets 

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: 

## Plant & Machinery 

## 20% Reducing Balance 

Plant and machinery are valued at cost. Freehold property is carried at its revalued amount being its fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 

## Taxation 

The charity is exempt from corporation tax on its charitable activities. 

## Fund accounting 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

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## Aughnacloy Development Association Ltd. 

| 

Notes to the Financial Statements - continued for the Year Ended 31 December 2025 

|2.|DONATIONS AND LEGACIES||||||
|---|---|---|---|---|---|---|
||||||31.12.25|31.12.24|
|||Unrestricted|Restricted||Total|Total|
|||funds|funds||funds|funds|
|||£|£||£|£|
||Other income<br>Together Building a United Community|50<br>-|-<br>250||50<br>250|150<br>7,140|
||Christmas lights|-|1,490|||1,490|3,000|
||Developing healthy|-|623||623|-|
||DAERA Capital grant|:|-||-|1,964|
|3.|INVESTMENTINCOME||||||
||||||31.12.25|31.12.24|
|||Unrestricted|Restricted||Total|Total|
|||funds|funds||funds|funds|
|||£|£||£|£|
||Rents received|44,088|-||44,088|35,742|
|4,|RAISING FUNDS||||||
||Raising donations and legacies||||||
||||||31.12.25|31.12.24|
|||Unrestricted|Restricted||Total|Total|
|||funds|funds||funds|funds|
|||£|£||£|£|
||Together Building a United Community costs<br>Developing healthy costs|™<br>-|360<br>280||360<br>280|7,533<br>-|
||Christmas lights expenses|-|2,844||2,844|3,797|
||Support costs|10,917|-||10,917|8,978|
|||10,917|3,484||14,401|20,308|
||Investmentmanagementcosts||||||
||||||31.12.25|31.12.24|
|||Unrestricted|Restricted||Total|Total|
|||funds|funds||funds|funds|
|||£|£||£|£|
||Portfolio management|2,310|-||2,310|1,590|
||Consulting fees|2,770|-||2,770|1,910|
||Property repairs|5,978|-||5,978|15,736|
||Property rates|3,876|-||3,876|-|
||Depreciation|980|-||980|1,306|
|||15,914|-||15,914|20,542|
||Aggregateamounts|26,831|3,484||30,315|40,850|




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7 Notes to the Financial Statements - continued 

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## Aughnacloy Development Association Ltd. 

## for the Year Ended 31 December 2025 

5. SUPPORT COSTS 


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|||||||||
|---|---|---|---|---|---|---|---|
|Governance|
|Management|Finance|costs|Totals|
|Raising|donations|and|legacies|8,548£|£645|1,724.£|10,917£|
|6.|NET INCOME/(EXPENDITURE)|
|Net|income/(expenditure)|is|stated|after|charging/(crediting):|
|31.12.25|31.12.24|
|‘|£|£|
|Depreciation|-|owned|assets|980|1,306|

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7. TRUSTEES' REMUNERATION AND BENEFITS 

There were no trustees’ remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024. 

Trustees’ expenses ; 

There were no trustees’ expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024. 

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 


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||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|
|fund|funds|funds|
|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|150|12,104|12,254|
|Investment|income|35,742|-|35,742|
|Total|35,892|12,104|47,996|
|EXPENDITURE|ON|.|
|Raising|funds|23,411|17,439|40,850|
|NET INCOME/(EXPENDITURE)|12,481|(5,335)|7,146|
|Transfers|between|funds|(5,335)|5,335|-|
|Net movement|in|funds|7,146|-|7,146|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|670,907|-|670,907|
|TOTAL FUNDS CARRIED|FORWARD|678,053|-|678,053|

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**Aughnacloy Development Association Ltd.** 

**Notes to the Financial Statements - continued for the Year Ended 31 December 2025** 

**10.** 

## **9.** 

## **TANGIBLE FIXED ASSETS** 

|Freehold<br>property<br>£<br>**COST**<br>At 1 January 2025<br>**780,730**<br>Additions<br>**10,202**<br>At 31 December 2025<br>**790,932**<br>**DEPRECIATION**<br>At 1 January 2025<br>**235,730**<br>Charge for year<br>**-**<br>At 31 December 2025<br>**235,730**<br>**NET BOOK VALUE**<br>At 31 December 2025<br>**555,202**<br>At 31 December 2024<br>545,000|Plant and<br>machinery<br>Totals<br>£<br>£<br>**33,240**<br>**813,970**<br>**-**<br>**10,202**<br>**33,240**<br>**824,172**<br>**29,301**<br>**265,031**<br>**980**<br>**980**<br>**30,281**<br>**266,011**<br>**2,959**<br>**558,161**<br>3,939<br>548,939|Plant and<br>machinery<br>Totals<br>£<br>£<br>**33,240**<br>**813,970**<br>**-**<br>**10,202**<br>**33,240**<br>**824,172**<br>**29,301**<br>**265,031**<br>**980**<br>**980**<br>**30,281**<br>**266,011**<br>**2,959**<br>**558,161**<br>3,939<br>548,939|
|---|---|---|
|||548,939|



The company's freehold property was valued at 31 December 2025 at £555,302. If the property continued to be carried under the cost model its net book value at 31 December 2025 would be £277,697. 

## **DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

||**31.12.25**|31.12.24|
|---|---|---|
||**£**|£|
|Trade debtors|**7,529**|8,158|
|VAT|**-**|693|
|Prepayments and accrued income|**2,180**|2,409|
||**9,709**|11,260|



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## Aughnacloy Development Association Ltd. 

## Notes to the Financial Statements - continued for the Year Ended 31 December 2025 

|11.|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONEYEAR||||
|---|---|---|---|---|---|
||Trade<br>creditors<br>VAT<br>Other creditors<br>Accruals and deferred income|||31.12.25<br>£<br>181<br>617<br>1,882<br>24,349|31.12.24<br>£<br>-<br>-<br>1,332<br>3,800|
||||||27,029|5,132|
|12.|MOVEMENT IN FUNDS|||||
||||Net|Transfers||
||||movement|between|At|
|||At 1.1.25|in funds|funds|31.12.25|
|||£|£|£|£|
||Unrestricted funds|||||
||General fund|678,053|17,307|(1,121)|694,239|
||Restricted funds<br>Council grants|-|(1,121)|1,121|”|
||TOTALFUNDS|678,053|16,186|~|694,239|
||Net movement in funds, included in the above are as follows:|||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||£|£|£|
||Unrestricted funds|||||
||General fund||44,138|(26,831)|17,307|
||Restrictedfunds<br>Council grants||2,363|(3,484)|(1,121)|
||TOTALFUNDS||46,501|(30,315)|16,186|



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## Aughnacloy Development Association Ltd. 

## Notes to the Financial Statements - continued for the Year Ended 31 December 2025 

## 12. MOVEMENT IN FUNDS - continued 

## Comparatives for movement in funds 


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||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1.1.24|in|funds|funds|31.12.24|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|670,907|12,481|(5,335)|678,053|
|Restricted|funds|
|Council|and|other|Community|Development|-|(5,335)|5,335|-|
|grants|
|TOTAL FUNDS|670,907|7,146|-|678,053|
|Comparative|net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|-|
|General|fund|35,892|(23,411)|12,481|
|Restricted|funds|
|Council|and|other|Community|Development|grants|12,104|(17,439)|(5,335)|
|TOTAL FUNDS|47,996|(40,850)|7,146|
|A|current|year|12|months|and|prior|year|12|months|combined|position|is|as|follows:|
|;|Net|Transfers|
|movement|between|At|
|At|1.1.24|in|funds|funds|31.12.25|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|670,907|29,788|(6,456)|694,239|
|Restricted|funds|
|Council|and|other|Community|Development|-|(6,456)|6,456|-|
|grants|
|TOTAL FUNDS|670,907|23,332|-|694,239|

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## Aughnacloy Development Association Ltd. 

## Notes to the Financial Statements - continued for the Year Ended 31 December 2025 

## 12. MOVEMENT IN FUNDS- continued 

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|Unrestricted funds||||
|General fund|80,030|(50,242)|29,788|
|Restricted funds||||
|Council and other Community Development grants|14,467|(20,923)|(6,456)|
|TOTALFUNDS|94,497|(71,165)|23,332|



## 13. RELATED PARTY DISCLOSURES 

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There were no related party transactions for the year ended 31 December 2025. 

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