COMPANIFS HOIJSE
3 1 MAR 2023
COMPANY REGISTRATION NO.. N1032598
Charity regirtered nurnber: NICl¢)0257
BCLFAST
PORTGLENONE ENTERPRISE GROUP LIMITED
Iprivate company lirnited by8uaranteeWit￿l sharecapitall
TRU5TEE5' REPORT AND FINANCIAL STATEMENTS
FOR THÉ YEAR ENOED 30 JUNE 2022
')CW04A*
31A1312023
CCWANIES HOLISE
JNI
1148
Tony Clarke
CSarke&Co. Accountants
53 Andersonstown Road
Belfast
BTII 9AG

PORTGLENONE ENTERPRISE GROUP LIMITED
CONTENTS
PAGE
Reference and administrative details of the charity. its trustees and
advisers
Annual Report of the Trustees
Independent Examiner Report
Statement of Finantial Activities
io
Balance Sheet
11-12
Notes to the Financial Statements
13-20

PORTGLENONE ENTERPRISE GROUP UMITED
{PrNate tompany limited by 8uarahtee wirhout Share capital)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
STATEMENT OF FINANCIAL AcrivinES INCORPOIIATING THE INCOME AND EXPENOITURE
ACCOUNT
Yearto
Unrestricted Restrfrted 3fyJun.22
Funds
Funds
TOTAL
Year to
30-Jun-21
TOTAL
Note
Incorne from:
Donations and Legacies
Chaf Itable Activities
33,235
17.C()7
209,095
242.330
18,411
262,655
41,329
Total Income
50,242
210,499
260,741
303,984
Expendlture on:
Charitable Activities
67,223
171.8CI)
239.023
196.850
Total Expenditure".
67,223
171,800
239,023
196.850
Net ¢ncome/lENpenditure)
116.981)
38.699
21.719
107.134
Transfers between funds
11.082
111.082}
Net movement in funds
15.8991
27,618
21.719
107,134
Re¢on¢iliation of Funds
Total funds brought fmvard
58.541 452.594
511,13S
404,001
Total Fund5 carried lonvafd
52,642
480.212
532,854
511.135
The statement of financial artivlties include5 all gatns and1055es recogni5ed in the year.
All incoming resources and resources expended derive from continuing actrvities.
The statement of financial activities also complies with the reouirements for an income and
expenditure account under the Companies Art 2(K)6.
rhe notes on page 12 to 13 form and inte8ral part of these attounts
io

PORTGLENONE ENTERPRISE GROUP LIMITED
IPfivate company limited by evèrantee without share capitall
TRUSTEES. REPORT ANO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30JUNE 2022
8ALANCE SHEEr
As at 30 June 2022
2022
2021
Note
Fixed Assets
Fixed Assets
683,254
683.254
744,641
744.641
Current Ass￿$
Debtors
Cash at bank
4,115
98.403
102.518
6,029
109,088
115,117
Liabilities
Creditors.. arNx*1tsia￿a￿￿￿#hknaI1È
Loans.. atW4rt1
Government Grants:
(6.084)
112,749)
184.3401
1103,1731
14,7CK)I
14
184,3401
{89,0401
Net A$5ets
16551
682.599
26.077
770.718
Total Assets Less Current liiabilities)
Long-term Liabilities
Loan5 Falling due: 3￿JAI$￿￿o￿ nhyethantw
Government Grants: ￿￿￿1$ laiwd*rnorethahrrt y 14
Net assets
15
(69,4051
180.3411
S32,854
(94,9Q31
1164,6811
511,135
Funds
Restricted
Unrestricted
480,212
52.642
452.594
58.541
TOTAL FUNDS
12
532,854
511.135
The company is entitled to the exemption from the audit requirement contained ID section 477 of
the Companies Act 2(M]6, for the year ended 30 June 2022.
The trustees acknowledge iheir respons•bilities for ensuring that the charity keep5 accounting
recof ds which comply with section 386 of the Act and for preparing financial stateffients which give
true and fair view of the state of affairs of the company as at the end of the financial year and of
it5 incornin8 resources and applicalion of resource5. includin8 its income and expenditure, for the
financial year in accordance with the requirements of sections 394 and 395 and which otherwise
cornply with the requirements of the CompaThies Act relatin8 to financlal statements. so far a5
applicable to the companv.
li

PORTGLENONE ENTERPRISE GROUP LIMITED
Ipfwate company limited by 8uarantee withovi share capital)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
BALANCE SHEET Cont...
As at 30 June 2022
The member5 have not requiied the company to obtain an audit of its financial statements for the
year in question in accordarKe with section 476.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject io the small companies regime.
The financial statements were approved by the board directors on A lo IJ
signed on their behalf by..
. and were
Kieran Adam5
Trusree
The notes on page 13 to 20 form and integral part of these accounts
12

PORTGLENONE ENTERPRISE GROUP LIMITED
(Private cornpany limited by guarantee without share ¢apitall
TRUSTEES, REPORT ANO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
NOTES TO THE ACCOUNTS
l Accountlry policies
Charity inform￿￿on
Port8lenone Enterprise Group Ltd is a private company limited by guarantee incorporated in
Northern Ireland. The registered office is.. principal place of business is 61 Main St. Portglenone,
8allymena. County Antrim.. 8T44 8HP.
1.1 Accounting convention
The accounts have been prepared in accordance with the charity's goveming document, the
Companies Act 2006 and "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 1021" (as amended for
accounting periods commencing from l January 2016). The charity is a Public Benefit Entity as
defined bv FRS 102.
The charity has taken a(Ivanta8e of the provisions in the SORP for charities applying FRS 102
Update 8ulletin I not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterlin& which is the funrtional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical c05t convention, modified to
include the revaluation of freehold propertie5 and to include investrnent properties and certain
financial instrument5 at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements. the trustees have a reasonable expectation that
the charity has adequate resources to continue in operational existence for the foreseeable
future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the
financial statements.
1.3 Charitable lunds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their
charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used.
1.4 Incorning resource5
Income is recognised when the charity is legally entitled to it after any performance conditions
have been met, the amounts can be measured reliably. and it is probable that income will be
received.
Cash donation5 are recognised on receipt. Other donations are recognised once the charity has
been notified of the donation, unless performonce conditions require deferral of the amount.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
13

PORTGLENONE ENTERPRISE GROUP LIMITEO
(Prtvate comoanylimited by 8uafanre¢ withou¢ share cèpitall
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30JUNE 2022
NOTES TO THE ACCOUNTS (continued)
1.4 Incoming resources lcontinuedl
Turnover is measured at the fair value of the consideration received or receivable and represents
amounts receivable for goods and services provided in the normal course of business, net of
discounts, VAT and other sales related taxes.
1.5 Resource5 expended
Liabilities are recognised as expenditure a5 soon as there is a legal or constructive obligation
committin8 the charity to that expenditure. it 15 probable that a transfer of economic benefits will
be required in settlement and the amount of the obllgation can be measure reliably.
Expenditure is accounted for on an accruals basis and has been cla￿lfIed under headings that
aggregate all cost related to the category.
The charity is below the charity audit threshold and therefore is exempt from reporting
expenditure on an activity basis. The charity has opted to report by the nature of expenditure
rather than on an activity basis.
1.6 Tangible flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or
valuation. net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual
value5 over their useful lives on the following ba5es.'
Fixtures and Fitlings
20% on cost
Computers
20% on cost
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other short.term
liquid investment5 Wlth original maturities of three months or less. and bank overdrafts. Bank
overdrafts are shown within borrowings in current liabilit*S.
J.8 Financial instrurnents
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Instrument5 Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity'5 balance sheet when the charity becomes
party to contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial
statements. when there 15 a legally enforceable right to set off the recognised amounts and there
is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously
14

PORTGLENONE ENTERPRISE GROUP UMITED
Iprivate cornpany limited by 8uarantee withO￿t share tapitall
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
1.9 Baslc tlnancial assets
Basic financial assets, which include debtors ar￿ cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost usin8
the effective interest method unless the arrangement constitutes a financing tronsaction. where
the transaction is measured at the present value of the future receipts discounted at a market
rate of interest. Financial assets classified as receivable within one vear are not amorti5ed.
1.10 Basic financial liabilities
Basic financial liabilities. including creditors and bank loans are initially recognised at transaction
price unless the arrangement constitutes a financing trs4nsèction. where the debt instrurnent is
measured at the present value of the future pa¥ments discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried ai amortised cost. Using the effective interest rate
method.
Trade creditors are obligatioffls to pay foi goods or services that have been acquired in the
ordinary course of operations fTorn suppliers. Arnounts payable are classified as current liabilities
if payment is due within one year or less. If not. they are presented as non-current liabilities.
Trade creditors are recognised initially at transaction price and subsequently measured at
amortised cost using the effective interest method.
1.11 Oerecognition of financlal liabilbties
Financial liabilities are dereco8nised when the chariW5 contractual obligations expire or are
dischèrged or cancelled.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in wthich the employee's
service5 are received.
Termination benefits are recognised immediately as an expense when the charity is
demonstrably Committed to terminate the employment of an employee or to provide termination
benefits.
1.13 CritSeal accounting estlmates and judgements
In the application of the charity's accountine policies. the trustees are reqUI￿d to make
judgements. estimates arKI assumptions about the carrying amount of assets and liabilities that
are not readily apparent from other sources. The estimates and associated assumpti¢￿5 are based
on historical experience and other factors that a￿ considered to be relevant. Actual results may
differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revision affects both current and f￿Ure periods.
15

PORTGLENONE ENTERPRISE GROUP LIMITED
(pr￿ate company limired by guarantee withoL*t share capital)
TRUSTEES. REPORT ANO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
NOTES TO THE ACCOUNTS (continued)
2 Income from DonatlonsaTrd Le
cies
2022
2021
Unrestrifted Restri¢ted
Funds
Funds
Note
TOTAL
TOTAL
8annside Stitchers
BIG Splash
CDHN
CHIP
CIN
Community Centre Income
DAERA
Dfc Covid Money
Green Group
Halifax
History & Heritage Group
HMRC Furlough Grants
HtF
Mid&East Antrim
NHLF COVID Grant
People in Community
Grant Release
Summer Scheme
Ulster Gardens
Writers Group
Totals 2022
143
1,591
143
1.591
17011
1401
650
4,585
6,042
1.071
650
4.585
6,042
1,071
700
6.288
10,125
1,625
96
7,960
859
260
12.015
2,420
7,960
859
260
12.015
2,420
130
9,385
16,667
7,119
16,800
67,434
ICQ,840
6,000
20,000
187
262,655
76,965
84.340
10.195
76,965
84,340
10.195
14
209.095
209.095
Totals 2021
262,655
262.655
3 Income frorn Charitsble Artivltles
2022
2021
Unrestricted Restricted
Funds
Fun¢ts
TOTAL
TOTAL
Rental Income
Donations
Awards and Grants
General Fund
Totals 2021
16,575
33,235
16.575
33.235
13.290
16,000
8iXI
604
1.404
432
50.242
1,036
51,646
12,039
41,329
Total$ 2020
41,329
41,329
16

PORTGLENONE ENTERPRISE GROUP LIMITED
IPrNate cc*mpany limiied by Iuaraniee withoui Share capitall
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
NOTES TO THE ACCOUNTS (CONTINUED)
4 stsff Costs and Nurnbers
2022
2021
Gross Wages and Salarie5
31.122
31.122
25.798
25.798
No employee received emoluments of more than £60,IX)012021:Nill
The average monthly number of employees during the year. calculated on the basis of full time
equivalents, was as follows:
2022
Number
2021
Number
5 Ex
enditure
2022
2021
Charilable Activities
Unrestricled Restrirted
Funds
Funds
TOTAL
TOTAL
Accountancv
ank Char8es
Community CentTe Expenses
Danske Bank Project
Depreciation
Donations
General expenses
Heat & Lighting
Insurance Expense
office Expense
Payroll Expenses
Professional Fees
Programme Costs
Rent and Rates
Repairs and Mainten3n
Restricted Expense5
Telephone
Training
UCIT Loan Interest Charged
Total 2022
1.200
44
2,103
225
225
74,464
12.144
61.387
74.464
12.144
61.387
76,925
3.030
7.085
8.160
11.191
7.085
3,702
575
31.122
1.210
17.301
323
3,157
4,232
5.613
25.798
2,310
62.836
709
5,330
3.702
575
31.122
1.210
10,717
6.584
12.642
12.642
2,462
loo
3.398
67.223
2.462
115
3.398
239.023
1.585
799
3,885
196.850
15
171,800
Total 2021
37,917
181,068
196,850
17

PORTGLENONE ENTERPRISE GROUP LIMITED
(Private company limited by 8uarantee without share capitall
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
NOTES TO THE ACCOUNTS {CONTINUED)
6 Trustees remuneration & expenses
Ouring the year, no Trustees received any remufteration12021- £NII}.
Ouring the year. no Trustees received any benefits in kind12021- £NILI.
During the year. no Trustee5 received any reimbursement of expenses {2021- £NIL).
7 Oebtols
2022
2021
Grants Receivable
Prepayments
Other debtors
4,115
4,115
6,029
6,029
8 Creditors: amounts fallin
within on
2022
Accruals & Deferred Income
HMRCVAT
Other Creditors
Grants Held
1.920
140)
924
3,279
6.084
20
I,¢Wi
3.279
4,700
9 Tan
'ble Fixed A55ets
Land &
B ildin
Bank
F&F&
Total
COST
At l July 2021
Additions
Oisposa15
At 30 June 2022
DEPRECIATION
At l July 2021
Charge for the year
Eliminated on disposal
At 30 June 2022
NET BOOK VALUE
At be8inning of period
At 30 June 2022
440.0
443.141
31,405
914,546
440,(WXI 443.141
31.405
914,546
147,679
59.092
22.226
2,295
169,905
61,387
206,771
24,521
231,292
440.0(KJ
295.462
440,{￿ 236.370
9,179
6,884
744,641
683,254
18

PORTGLENONE ENTERPRISE GROLIP LIMITED
{Private company limited by 8uarantee without share capital)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
NOTES TO THE ACCOUNTS (continued)
10 Inde
endent examinerfs rernunerntion
The independent Examiner's remuneration amounts to an Independent Examination fee of
£1,200 {2021- EI,2001
11 Related
transactions
There were no related party transactions durin8 the year.
12 Statement of fund5 - currenl
Balance at
l July
2021
Transfer
in/out
Balance at
30 June
2022
Income
Expenditure
Restricted funds
BIG Splash
BanrtSKle Strtchers
HLF
1.591
143
12.015
650
4,585
6.042
1.071
1420)
5.058
112.0151
9.924
14.4611
163
11,0711
16281
628
17281 115.0721
(61.3871
11.691)
CHIP
CIN
Community Centre Income
DAERA
14.679)
5,895
4.585
6.013
4.461
4.228
14,4201
Ofc Covid Money
Awards & Grants Garfteld Weston
Grant Release
Green Group
History & Heritage Group
HMRC Furlouth Grants
Mid&East Antrim
Halrfax
People in Community
Re51ricted Assets Gifted
Summer Scheme
Writers Group
Total restricted funds
15.(M)O
101,042
705
4.258
84.340
123,99S
986
12.134)
12601
{2.4201
859
260
2,420
7,9EO
76.965
2,983
17.960}
{73.805)
31,995
12791
284,764
115,501)
12.975
13.668
13IXIl
1701
1.257
(171.800) (11,tyd2) 480,213
28.835
284,439
JO.195
1.627
452,595
210.499
Unre5tTiCted funds
Rental Income
Oonations
General funds
Total Unrestrirted funds
16.575
33.235
432
50.242
(16.5751
133,2351
167.223} 60.892
{67.223)
11,082
58.541
S8,541
52.642
52.642
Total of funds- (urrent yeai
511,135
260,741
IZ39,0221
532,855
19

PORTGLENONE ENTERPRISE GROUP UMITEO
IPrivate tompany limited by gvèrantee without shafe capitsll
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
13 Statement of fund -
ear
Balance at
l July
2020
Income
Transfer
inlout
Balance at
30June
2021
Expenditure
Total unrestricted fund5
Total restricted funds
Total of funds- prior year
58.541
452.595
511,135
41.329
262.655
303.984
146.744)
80,213
1150,105) 180.2131
1196.849)
58.541
4S2,595
511,135
14
overnment Grants
Government erants have been disclosed in the financial statement in line with the SSAP 4
disclosure requirements. Government grants are recognised in the profit and loss account in
an appropriate manner that matches them with the expenditure towards which they are
intended to contribute.
Grants towards fixed a55et5 are reco8nised over the expected tsseful lives of the related assets
and are treated as deferred income and released to the profit and loss account over the useful
life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for
Teceipt have been complied with.
2022
2021
Long Temi ￿abIlItieS
Government Grant foi New Build
Additions
Grant Released
Balance clf
249.021
349.861
84.340
164,681
100,840
249,021
Government Grants: amounts falling due vmthin one year
Government Grants.. amounts falling due more than one year
8alance elf
84,340
80,341
164,681
84.340
164,681
249,021
15 Loan Re
2021
Loans Brought Forward
Additions - BBI Loan
Payments made
8alance t/f
94,903
138.862
12.749
82,154
43.9S9
94,903
Loanss.. amounts falling due within one year
Loans- amounts falling due more than one year
Balance clf
12,749
69,405
82.154
12.749
82,IS4
94.903
20