Aghaloo & Blackwater Communty Associatlon Ltd Company Limited by Guarantee Ststsment of Flnanclal Activities {includlng Income and expenditure account) Year ended 31 December 2024 2024 2023 Unrestiicted fvnds Total funds Total funds Income and endowments Donations and legaGies Oth8r trading activikn'es 750 750 17.303 3.500 18.964 17,303 Totsl Income 18,053 18,053 Expendituro Expenditure on charitable activities 33.112 33,112 24.807 Total •xp8ndlturn 33,112 33.112 24,807 Net OXPondllur• and not movement In funds (15.059) { 15.059) (2,343) Reconclllatlon of funds Total funds brought forward 192,829 192.829 195.172 Total funds carrléd fonvard 177.770 177.770 192.829 The statem8nt of financlal activities includes all gains and losses r8cognlsed In the year. All in¢ome and expendi￿re derive from continuing activiti'os. Aghaloo & Blackwater Communty Assoclation Ltd Company Limited by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Fixed assets Tangible fixed assets urrent assets Cash at bank and in hand 11 145,349 156,628 33,381 37.161 Creditors: amounts falling due wlthln one year 12 Nel current assot8 32,421 36.201 Total assets less current Ilabillties 177,770 192.829 Funds of the charlty Unr8strict8d furKIs 177,770 192,829 Total charlty funds 14 1TI,770 192,829 For the year endlng 31 December 2024 the charfty was entitled to exemptlon from audlt under sectlon 477 of the Companies Ad 2006 relating to small companies. Directors, responsibililies.. - The members have not requlred the cornp￿Y to obtaln an audit of Its financlal statements for the year In question in accordance with section 476 . The directors acknowledge their responsibilities complying with thè requirements of the Act with resped to accountlng records and the preparatlon of financial stslements . These financlal statements have been prepared In accordance wlth ts provlslons appllcable to companles subject to the small companies, regime. These financial statements were approved by the board of truslees and aUth￿Ised for issue on 28 November 2025 . and are slgnèd on behalf of the board by.. John Ward (Chairperson) Truslee Kathleen Mccaughey (freasurer) Trustee Aghaloo & Blackwater Communlty Association Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2024 1. General infonrlation The charity is a pU￿1C benefft entity and a private company hmited by guararrtee, registered in Northem Ireland and a r8gistered charity in Northern Ireland. The address of the registeraj office is 70 McK)re Street, Aughnacloy, Co Tyrone, BT69 6AY. 2. Statement ol compllan¢• These financial stalements have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of tre￿nd.. the Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Irgland (FRS 102) (Charits'es SORP {FRS 102)) and the Companies Act 2006. 3. Accounling pollci•s Ba818 of preparatlon The financial slaternents have been prepared on the historic41 cost basis. as modffied by the revaluation of certain flnanclal assets and liabilltles and Inveslment propertles measured al fair value through income or expendlture. The finanaal staternents are prepared in sterfing. whith is the functional currerw of the entity. Golng concern There are no materlal un¢ertalntles about the charws ablllty to C>)ntsnue. Dlsclosure exemptlons The Charlty has taken advantsge of the provislons In he SORP for d)arftles applying FRS 1c2 Updats Bulletin 1 not to prepare a Statement of Cashflows. Judgements and kay sources of estlmatlon un¢ertalnty In the applicatlon of the charitys accounting pollcl8s, Ihe Trustees are requlred io make jud9gments, estlmatès ar assumptions about the carrying value of assets and liabilities that are not ￿lJIY apparent from other sources. The ests'mates and associated assumptions are based on histon'cal experience arKI other factors that are considered to be relevant. Actual results may dtffer from these estimates. The esllmates and underlyln9 assurnptlons are reviewed on an ongoing basis. R8visions to the accounting estimates are recognised in th6 period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods wh8re the revision affects boih current and future periods. Fund accounting Unrestricted funds are available for use at the diS(Xeti￿ of the trustses to further any of the charitys purposes. Designated funds are unrestricled fvnds eamiarked by the tsustees for parti'cular future project or commrtment. Restricted funds are subjected to restricb'ons on their expenditure dedared by the donor or through the terms of an appeal, and fall into one of Iwo sub-dasses". restricted income funds or endowment funds. Incoming resources All incoming resources are induded in the statement of financial activities when entitlemenl has passed to the Gharity; it is probatle thal the economic beneffts ass(Kiated wrth the transaction will fiow to the charity and the amounl can be reliably measured. The following specific poI￿leS are applied to particular categories of income: . income from donaticffis or grants is recognised when there is evidence of entilement to the gifL receipt is probable and its amounl can be measured reliably. - legacy in￿rne is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of Ihe g￿lS unless Ihis is irnpractical to measure reliably, in which case Ihe value is derived from the cost to the donor or the estimaled resale value. Donated faciltties and services are recogntsed in the accounts when received rf the value can be reliably measured. No amounts are included for the contributs'on of general volunteers. income frorn contracts for the supply of seNices is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unstent. in which case it may be regarded as restricted. Resources expended Expenditure is recconised on an accruals basis as a liability is incurred. Expenditu￿ includes any VAT which cannot be fulty recovered. and is classified undei headings of the slatement of financial activities to which it relates: expenditure on raising funds indudes the costs of all fundraising activities. èvents. non-charitable trading activities, and the sale of donated goods. expenditure on tharitable activities includes all costs incurred by a chanty in undertaking activities thal further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating lo Ihe govemance of the charity apportioned to charitable activits'es. other expendllure includes all expenditure that is neither related to raising funds for the charty nor part of Its expenditure on charitable activitEs. All costs are allocated to expenditure &itegories refecting the use of the resour￿. Direct costs attribLrtable to a single activity are allocated directly to that activity. Shared Gosts are apportioned beiween the activities they contribute to on a reasonable, Justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cosL and subsequently stat￿1 at cosl less any accumulated depreciation and impairment losses. Any tsngible assets carried at revalued amounts are recorded at the faFr value at the date of revaluation less any subsequent acajmulaled depreciatM)n arKI subsequent acrAJmulated impaimenl losses. An increase in the carying amount of an asset as a result of a revaluation, is recth3nised in olher recognlsed gains and losses, unless it reverses a charge for impaimient that has previously been recognised as expendilure wilhin the slatement of financial activities. A decrease in the carrying amount of an asset as a resuli of revaluation, is recogni5ed in other reC￿gnISed gains and losses, ex￿pt lo ¥thi(* il offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and lo&ses on the ststement of financial activilies. Depreciation Depreciati(m is calculated so as to write off the cost or valuabon of an asset. less its residual value. over the useful economic life of Ihai asset as follows." Property Fixtures, fittings and equiprnent- Impairnient of fixed assets A review for indicators of impainnent Ss carrled oul at each reporting date. with the recoverable amount being estimated whére such indicators exist. Where the c2rrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impaimEnts are also reviewéd for possible ￿V￿981 at each reporting dale. For the purposes of impaimient tesb"ng. when it is not possible to eslj'mate the recoverable amount of an indimdual asset. an estlmate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets thal indudes Ihe asset and gen8rates cash inflows that largely independent of the cash inflow5 from othei assets or groups of assets. For impaimient testing of goodwill, Ihe goodwill acquired in a business combination is, from the acquisition date, allo(zted to each of the cash%enerating units thal are expected to benefft from the synergies of the combination, irrespective of whether other assets or liabilities of the charity a￿ assigned to those units. Flnanclal Instruments A financial asset or a fina￿181 liabilty is recognised only when the charity becomeg a paty to the contractual pravisions of the insirument. Basic financial instruments are Irilially recognised at the amount receivable or payable Including any related Iransaction costs. CUr￿nt assets and current Ilabilities are subsequently measured at the cash or other consideratlon 8xpected to be pald or r8ceived and not discounted. Debt Instruments are subsequently measured at amothed cosl. Where investments in shares ale publidy traded or Iheir fair value Gan otherwise be Measured reliably, the investment is subsequently ￿aSured at fair value with changes in fair value recognised in Income and expendlture. All other such Investments are subsequently measured at cosl less Impalrm6nt. Other financial instruments, including derivatives, are initially fecognised at fair value, unless payment for an asset Is defeffed beyond nomial business terms or financed at a rate of inl8rest that is not a markel rate. in which case the assel is measured at the present value of the fu￿re payments discounted at a mathet rate of interesl lor a slmilar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of finanaal activities, with the exception of hethJing instruments in a designated hedging relationship. 4% straight line 25Yo reducing balan Finandal assets that are measured at cost or amortised tX)st are reviewed for objectfve evidence of impairment at the end of each reporting date. If there is objective eviden￿ of impaimenl. an impainnenl loss is ￿COgnised under the appropriate heading in the ststement of fnancial actsvitses in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for Impairment. Other financial assets a￿ either assessed individually or grouped on the basis of similar credit risk tharaderistics. Any reversals of impairment are recognlsed immediately, to the extent that the re￿rSal does not resutt in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impainnent not previousty LEen reccgnised. 4. Limitsd by guarantee Aghaloo & Blackwater Communty Associati)n Ltd is a company lirnited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such an amount as may be required not 6xceeding £1 to the assets of the charitabl6 company in the event of its being wound up whilst h8 or she is rnember, or within ¢)ne year after he or she ceases to be a member. 5. Donations and legacies Unrestricted Total Funds Funds 2024 Unreslricted Funds Total Funds 2023 Grants Grants 750 750 3.500 3,500 6. Other tradlng aclivltles Unrestrlcted Tolal Funds Funds 2024 Unrestrlcted Funds Total Funds 2023 Other voluntsry incorne acts'vity 17.303 17.303 18,964 18.964 7. Expendlture on charltable actlvlues by fund type Unrestricted Total Funds Funds 2024 Unrestricted Funds Total Funds 2023 Support costs 33.112 33,112 24.807 24,807 8. Net expendlture Net expenditure is stated aft8r chargingl(cxediting)' 2024 2023 Depreciation of tangible fixed assels 11.821 11,999 9. Independent examination fees 2024 2￿23 Fees payable to the independent examiner for.. Independent examination of the financ#al statements 960 10. Trustee remuneration and expenses No remunerakn'on was received by the tnjstees. 11. Tangible fixed assets Lar￿ and buildings Fixtures and fittings Total Cost At 1 January 2024 Additions 268,566 16.103 542 284,669 542 At 31 December 2024 268.566 16.645 285,211 Depreciation At 1 January 2024 Charge for the year 115,708 10,743 12,333 1.078 128,041 11,821 At 31 December 2024 126.451 13.411 139,862 Carrylng amount At 31 December 2024 142.115 3.234 145,349 At 31 December 2023 152,858 3,770 156,628 12. Cr•dhors: amounts falling duo wlthin ono yoar 2024 2023 Other c￿dItorS 960 13. Creditors: amounts falling due after MO￿ than one year Long term grant - Parish Consolidation Fund 14. Analysis of charitable funds Unrestricted funds Al 1 January 2024 At31 Expenditure December 2024 Income General funds 192.829 18,053 {33.112) 177,770 At 1 January 2023 At 31 December 2023 Income ExpenditUTe General funds 195.172 (24,807) 192,829 15. AnaEy8is of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Credllors less than 1 year 145,349 33,381 (960) 145,349 33,381 (960) Net assets 177.770 177,770 Unrestricted Funds Total Funds 2023 Tangible fixed assets cur￿nt assets Creditors less than 1 year 156.628 37.161 (960) 156.628 37.161 (960) Net assets 192.829 192.829 This document was delivered using electronic communications and authenticated in accordance with the registrarfs rules relating to eIcctronic fornL authentication and manner of delivery under section 1072 of the Companies Act 2006.