2025-05-31-annual-return

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CHARTERED ACCOUNTANTS
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ALBERT STREET COMMUNITY CENTRE LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ALBERT STREET COMMUNITY CENTRE LIMITED

Opinion

We have audited the financial statements of Albert Street Community Centre Limited (the ‘charity’) for the year ended 31 May 2025 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

• give a true and fair view of the state of the charitable company's affairs as at 31 May 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• • have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK})} and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Alfred House Century House 17 Mandeville Street © Feehan ig Alfred Street 40 Crescent Business Park PORTADOWN eland BELFAST ET2 SEQ LISBURN Craigavon DX3910 NR Belfast 50 BT28 2GN BT62 3PB Tel: [phone] Tel: [phone] Tel: [phone] ar... Fax: [phone] Fax: [phone] Fax: [phone] Chartered Aceountants | Registered Auditors | CharteredTax Advisars | Forensic Accountants | Corporate Finance Advisors GMcG isa trading name of GMcG Group Limited. Reg No: NI03966o. Lisl of Directors available at registered office Registered to conduct audit work by the Institute of Chartered Accountants in Lreland A Member of TIAG?- A Worldwide Alliance of Independent Accounting Firms Www. gnicgca.com gnicgca.com

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ALBERT STREET COMMUNITY CENTRE LIMITED

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INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ALBERT STREET COMMUNITY CENTRE LIMITED

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Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon, The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. lf, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

• the information given in the trustees’ report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and

• the directors‘ report included within the trustees' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• • certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ report and from the requirement to prepare a strategic report.

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Alfred House Century House 17 Mandeville Street © Chartered
19 Alfred Street 40 Crescent Business Park PORTADOWN etacd
BELFAST BT2 8EQ LISBURN Craigavon
DX3910 NR Belfast 50 BT28 2GN BT62 3PB
Tel:Fax: +44+44 (o)28 (9)28 90311213 9031 0777 TekFax: +44+44 (0)28(0)28 9260 9260 16567355 Tel:Fax: +44+44 (0)28 (0)28 3833 2801 3835 0293 ae.—_
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Chartered Accountants | Registered Auditors | CharteredTax Advisors | Forensic Accountants | Corporate Finance Advisors GMcGis a trading name af GMcG Group Limited, Reg No: Nlo59660, Listof Directors available at registercil office Registered to conduct audit work by ike InstituteofChartered Accountants in [reland A Member of TTAG?- A Worldwide Alliance of IndependentAccounting Firms

www. .gimcgca.com

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ALBERT STREET COMMUNITY CENTRE LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ALBERT STREET COMMUNITY CENTRE LIMITED

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

a7) Alfred House Century House 17 Mandeville Street © Chartered 19 Alfred Street 40 Crescent Business Park PORTADOWN > teins BELFAST BT2 8EQ LISBURN Craigavon DX3910 NR Belfast 50 BT28 2GN BY62 3PB Tel: [phone]g! 1113 Tel: [phone] Tel: [phone] ar. Fax: [phone] Fax: [phone] Fax: [phone] an

Chartered Accountants | Registered Auditors | Chartered Tax Advisors | Forensic Acenuntanis | Corporate Finance Advisors GMcG isa trading name of GMcG Group Limited. Reg Na: N1059660, Lis! af Directors available at registered office Registered ta conduct audit work by the Institute of Chartered Accountants in Ireland A Memberof TIAG? - A Worldwide Alliance of Independent Accounting Firms

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ALBERT STREET COMMUNITY CENTRE LIMITED CHARTERED ACCOUNTANTS INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ALBERT STREET COMMUNITY CENTRE LIMITED eee Extent to which the audit was considered capable of detecting irregularities, including fraud We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing potential risks of material misstatement in respect of irregularities, including fraud and nen-compliances with laws and regulations, we considered the following:

• The nature of the industry and sector, control environment and business performance, including the company’s remuneration policies for directors, bonus levels and performance targets, if any;

• Results of our enquiries of management about their own identification and assessment of the risks of irregularities;

• Any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to:

• • Identifying, evaiuating and complying with laws and regulations and whether they were aware of any instance of non-compliance;

• : Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and

• « The internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

• The matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the company for fraud and identified the greatest potential for fraud in revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006, and local tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial Statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty.

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Chartered Accountants | Registered Auditors | Chartered Tax Advisors | Forensic Accountants Corporate Finance Advisors GMcG isa trading name of GMcG Group Limited. Reg No: Nlo59660. Listaf Directors available at registered office Registered to conduct audit work by the fnstitute ofChartered Accountants in Treland. A Member of TIAG*- A Worldwide Alliance of Independent Accounting, Firms

www.gmegca.com

ALBERT STREET COMMUNITY CENTRE LIMITED

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INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ALBERT STREET COMMUNITY CENTRE LIMITED aeeee eee

Audit response to risks identified

Our procedures to respond to the risks identified included the following:

• » Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

• • Enquiring of management concerning actual and potential litigation and claims;

• « Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

• • Reading minutes of meetings of those charged with governance and reviewing correspondence with tax authorities; and
• • In addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. In addition, as with any audit, there remains a higher risk of non-detection of irregularities, as they may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect noncompliance with all laws and regulations.

eee -Q9Alfred House Century House 17 Mandeville Street f© Pail 1g Alfred Street 40 Crescent Business Park PORTADOWN triad BELFAST BT2 SEQ LISBURN Craigavon DX3910 NR Belfast 50 BTY28 2GN BI62 3PB Tel: [phone] Tel: [phone] Tel: [phone] ae. Fax: [phone] Fax: [phone] Fax: [phone] aL Chartered Accountants | Registered Auditors | CharteredTax Advisors | Forensic Accowstants Corporate Finance Advisors GMcG isa trading nameofGMcG Group Limited. Reg Na: NIo3966p. Listof Directors available at registered office Registered to conduct audit work by the Institute of[Chartered][Accountants][ in][Ireland] A Memberof TI4G®A Worldwide Alliance ofIndependent Accounting Firms www. gnicgca.com

ALBERT STREET COMMUNITY CENTRE LIMITED

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INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF ALBERT STREET COMMUNITY CENTRE LIMITED eee Use of our report This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Nigel Moore FCA (Senior Statutory Auditor) for and on behalf of GMcG BELFAST

Chartered Accountants Statutory Auditor

26 February 2026

Chartered Accountants & Statutory Auditor

Alfred House 19 Alfred Street Belfast BT2 8EQ

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Chartered Accountants Accountants | Registered Auditors Auditors | Chartered Chartered Tax Advisors Advisors | Forensie Accountants Accountants GMcG is a teading name ofGMcG Group Limited. Reg No: NIo39660. List of Directors avaitable at tegistercd office Registered ta canducl audit work by the Institute of Chartered Accountants in Ireland A Memberof TIAG® - A Worldwide Atiance of Independent Accounting Firms

www.gmcgca.com