Altamuskin Community Association Limited

COMPANY REGISTRATION NUMBER: NI031653

CHARITY REGISTRATION NUMBER: 108595

(Charitable Company Limited by Guarantee)

Annual Report and Financial Statements for the year ended

31 January 2026

Altamuskin Community Association Limited
Registered number:		NI031653
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	6		44,195			43,643

Current assets
Debtors	7	107			1,043
Cash at bank and in hand		7,505			12,926
		7,612			13,969

Creditors: amounts falling due within one year	8	(3,073)			(4,617)

Net current assets			4,539			9,352

Net assets			48,735			52,995

Funds of the charity
Unrestricted funds	9		48,735			52,995
Total charity funds			48,735			52,995

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

The notes on pages 10 to 13 form an integral part of the financial statements.


Donna McCarville
Director
Approved by the board on 24 September 2026

Altamuskin Community Association Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction values unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2015 Charities SORP (FRS 102), the Companies Act 2006 and the Charities Act 2011. The currency used for the reporting of these financial statements is Sterling (£)
	Income
	All incoming resources are included in the statement of financial activities when the charitable company is entitled to the income and the amount can be quantified with reasonable accuracy. Incoming resources includes all voluntary and fundraising income from charitable activities. Voluntary income received by way of donations and gifts to the charity is included in full in the Statement of Financial Activities when receivable. Fundraising income is credited to incoming resources when received. If the income relates to a particular event happening after the financial year end, it is deferred. Other income from charitable activities includes rent from property held for charitable purposes. This income is applied for charitable purposes only and included in full in the Statement of Financial Activities when receivable.

	Resources explained
	Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure excludes VAT, and is classified under the heading of 'expenditure on charitable activities'. This includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

	Judgements and key sources of estimation uncertainty
	The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No judgements that management has made in the process of applying the entity's accounting policies have a significant effect on the amounts recognised in the financial statements. No accounting estimates or assumptions have been made.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Land and buildings	2% straight line
	Plant and machinery etc	15% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	Altamuskin Community Association is a registered charity and, as such, is entitled to certain tax exemptions on income and profits from investments and surpluses on any trading activities carried on in furtherance of the charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes.

2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			-		-

	No trustees have been paid any remuneration or received any other benefits from the charity.
	No trustee expenses have been incurred.

3	Donations and legacies			2026		2025
£					£
	Unrestricted funds
	Donations			2,781		3,583

				2,781		3,583


	Restricted funds			-		-

	Total income from other trading activities			2,781		3,583

4	Other trading activities			2026		2025
£					£
	Unrestricted funds
	Fundraising income			6,797		3,585
	Gym membership			3,194		2,794
	Revenue grants			3,000		1,235
	Rent received			4,426		7,287

				17,417		14,901

	Restricted funds			-		-

	Total income from other trading activities			17,417		14,901

5	Expenditure on charitable activities by fund type			2026		2025
£					£
	Unrestricted funds
	Charitable activities: support costs			22,880		17,162
	Accountancy fees			789		729
	Independent examination services			789		730
				24,458		18,621

	Restricted funds
				-		-

	Total resources expended			24,458		18,621



6	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 February 2025	74,851		44,750		119,601
	Additions	-		3,016		3,016
	At 31 January 2026	74,851		47,766		122,617

	Depreciation
	At 1 February 2025	37,391		38,567		75,958
	Charge for the year	1,497		967		2,464
	At 31 January 2026	38,888		39,534		78,422

	Net book value
	At 31 January 2026	35,963		8,232		44,195
	At 31 January 2025	37,460		6,183		43,643

7	Debtors			2026		2025
£					£

	VAT account			107		1,043

8	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			-		1,350
	Other creditors			3,073		3,267
				3,073		4,617


9	Analysis of charitable funds			2026		2025
£					£
	Unrestricted funds
	At 1 February 2025			52,995		53,131
	Income/(Expenditure)			(4,260)		(137)
	Transfers (to)/from funds			-		-
	At 31 January 2026			48,735		52,995

	Restricted funds
	At 1 February 2025			-		-
	Income/(Expenditure)			-		-
	Transfers (to)/from funds			-		-
	At 31 January 2026			-		-


10	Other information

	Altamuskin Community Association Limited is a private company limited by guarantee without share capital and incorporated in Northern Ireland. Its registered office is:

	173 Altamuskin Road
	Sixmilecross
	Co. Tyrone
	BT79 9JA