2025-06-30-annual-report - Portglenone Enterprise Group Ltd

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COMPANY REGISTRATION NO: NI032598 Charity registered number: NIC100257

PORTGLENONE ENTERPRISE GROUP LIMITED

(Private company limited by guarantee without share capital)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Tony Clarke

53 Andersonstown Road Belfast BT11 9AG

PORTGLENONE ENTERPRISE GROUP LIMITED

CONTENTS	PAGE
Reference and administrative details of the charity, its trustees and
advisers	1
Annual Report of the Trustees	2-7
Independent Examiner Report	8-9
Statement of Financial Activities	10
Balance Sheet	11-12
Notes to the Financial Statements	13-20

PORTGLENONE ENTERPRISE GROUP LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Trustees' Annual Report (Incorporating the Director's Report)

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company was incorporated on 25 June 1997 and registered with the Charity Commission for Northern Ireland on 5 August 2015.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

NI032598

Registered Charity number

NIC100257

Registered office

57-59 Main Street Northern Ireland Main Street Portglenone, Ballymena BT44 8HP

CHAIRPERSON

Norman Worthington

TRUSTEES

Kieran Adams Paula Byrne Damien Clarke Resigned on 30 September 2025 Anne Bell Jim Gaul Norman Worthington Gillian Burnside Mairead Ann Myles Davey Appointed on 8 August 2023

INDEPENDENT EXAMINER

Tony Clarke

53 Andersontown Road Belfast BT11 9AG

PORTGLENONE ENTERPRISE GROUP LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Trustees' Annual Report (Incorporating the Director's Report)

The Trustees present their annual report together with the financial statements of the company for the period 1st July 2024 to 30th June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the company's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practices applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2019)

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2019 (Strategic Report and Director's Report) Regulations 2013 is not required.

Structure, Governance and Trustees

Portglenone Enterprise Group Ltd which is registered as a charity with the Charity Commission for Northern Ireland, was incorporated as a company limited by guarantee in Northern Ireland, registration number NI032598, with the objective of undertaking charitable activities for the benefit of the inhabitants of Northern Ireland.

Our Vision

A friendly, resilient, involved community who share their sense of belonging.

Mission Statement

Portglenone Enterprise Group (PEG) facilitates community involvement through a wide range of activities, advice and support.

What our organisation does

For almost 30 years PEG has been responsible for the formation of a significant number of local groups catering for a wide range of interests and needs. These activities nurture cohesion and wellbeing in the community. We Promote education and vocational training, relieves poverty, provides recreation and leisure facilities, improves the condition of life. Preserves,

conserves and improves Portglenone. Supports other charities in the area with advice, training and assistance.

Employees:

PEG Community Development Worker part time

1 Finance Officer part time
1 Finance Administrator part time
1 Unity in The Community Project Worker part time: Funded by National Lottery Community

Fund

Access to a support worker through Bann Maine West Volunteers Roles: Currently 42 on our register.

Volunteers have a high input into all our projects ensuring they run efficiently and effectively.

PORTGLENONE ENTERPRISE GROUP LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Trustees' Annual Report (Incorporating the Director's Report)

Projects this year have included -

Peg property Ltd, Glenone Business Park, The Bank Building, Community Association, Portglenone Gardening Club, CHIP, Line Dancing, History & Heritage, Village Enhancement. Unity in The Community.

PEG Property Ltd

Units occupied by - Iron Bark, Bremar, Hack the hub, Doherty Woodshavings, OBR Contracts, Hair by Gemma & Jane Rankin.

Glenone Business Park (Riverside Community Enterprises RCE) NIC102835

Nine units let to - C Doherty Accountants (2 units), Colourworld, Pearls & Whirls Bridal, Emerald Electrical LTD, Desire Beauty, Bridge of Hope, Pinkx Fitness, G & K Contracts ltd, and Ursula’s Hair Salon.

Community Association

P.E.G. manages the Mid and East Antrim Borough Council Community Centre. Activities generally include; Indoor Bowling, Outdoor Bowling, Play Group, Irish Dancing, The Monday Club, Applaud Academy, Summer Scheme, Karate, Senior Citizens Art and Craft Class, Bannside Stitchers, History & Heritage Group, Big Splash Activities, Training Sessions, Birthday Parties.

Village Enhancement

PEG has continued to work with the local council on the promotion of the outdoor recreational facilities e.g., MUGA pitch and walkways.

Portglenone Gardening Club – operated following covid guidelines

This group enhances the monastery site tidying/planting and managing various wildflower areas.

Summer Scheme

It ran for 3 weeks in July/August, this created part time employment and a volunteering opportunity, it caters for approx. 200 young people, from 5-16 years with 9 Staff members. We provide trips, indoor and outdoor activities, such as canoeing, volleyball, arts and crafts etc. Funded through Education Authority NI (EANI), Children in Need (CIN), APEX and registration fees.

Big Splash

A 4 day festival attending by over 1600. Managed by a voluntary steering group and involving an additional 31 volunteers as well as Community Rescue Service and the Women’s Institute. Events included- Family Fun Day, Water Activities, Teddy Bears Picnic, Tea Dance, Family Camp Night, Vintage Cavalcade, Exhibitions, History & Heritage Walk, CéilÍ Ceilidh, A Taste of Portglenone. Funded by Apex, Waterways Ireland and Mid and East Antrim Borough Council.

PORTGLENONE ENTERPRISE GROUP LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Trustees' Annual Report (Incorporating the Director's Report)

Fitness and Health

Addressing issues on physical and mental health. First Aid, Adult and child safeguarding and Nutrition Courses

CHIP

Christmas 2024

Funded by Mid and East Antrim Borough Council. Approx 500 attended the Christmas light Carol singing with both primary schools and children met Santa in his grotto and a local craft fair.

Unity in The Community Project

The National Lottery Community Fund is continuing to support, grow and strengthen connections between groups coordinated by a project worker based at and managed by PEG. Portglenone Community Workshop & Men’s Shed, Bannside Stitchers, The Monday Club, Portglenone Senior Citizens Arts and Crafts Group, Bannside Beekeepers, Portglenone Thursday Seniors Bowling Club, The Arthritis Group, Portglenone History & Heritage Group, Social Outings Group and Social Media Literacy Group.

Portglenone Enterprise Group Facebook/Website www.portglenone.net

Volunteers kindly dedicating free time to uploading current information on to the site and facebook and have been a real asset to PEG. We aim to keep the local community connected to the activities of PEG, local groups and other support organisations.

Defibrillator

First Aid course run with Defibrillator training included.

Bank Project

The Bank is open daily for the local community and groups. Training and events are held in our state of the art conference room. Groups such as Portglenone Paddlers, Bannside stitchers, Writers and Heritage & History hold their meetings in the Bank.

Training

First Aid Adult and child safeguarding Fire Saftey Training

Networking/ Information/Other Events

Supporting Communities & Interagency Meetings
NICHI
APEX Housing
NACN

PORTGLENONE ENTERPRISE GROUP LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Trustees' Annual Report (Incorporating the Director's Report)

Support to Other Groups/Individuals

Unity in The Community Groups Portglenone Writers

Bann Maine West – 6 local groups form this cluster (continued)

BMW have continued to grow and develop in the past 12 months under the lead of Portglenone Enterprise Group with key projects being as follows:-

Lunch & Learn
Mens Breakfast
Community Relations
Assistance
Networking

Through the projects listed above the residents of Portglenone and surrounding rural areas have benefitted by access to increased local knowledge, information and education. They have had the opportunity to engage in activities, reducing isolation, increasing social interaction and a strengthened sense of community. There has been access to skills development, participation in and viewing of such activities/surroundings, enriching the lives of inhabitants. Locally there has been access to health information and opportunity to engage in healthy activities. PEG has received support from external organisations to identify the needs of the inhabitants and assistance in attempting to address their needs. We have increased awareness of local heritage and environment and its protection for their health and enjoyment and that of future generations. The businesses using the units have benefitted privately, but this is incidental to the public benefit gained from the community activities carried out above by Portglenone Enterprise Group.�

PORTGLENONE ENTERPRISE GROUP LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Trustees' Annual Report (Incorporating the Director's Report)

Going Concern

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Financial Review

The results for the year ended 30 June 2025 are set out on pages 10 to 12 of the financial statements.

The total income for the year ended 30 June 2025 amounted to £287,952 (2024: £218,829). The total expenditure was £346,029 (2024: £216,481)

The Trustees consider that the unrestricted funds of the charity is sufficient and adequate to fulfil their obligations. The charity held £63,139 in reserves at the year end (2024: £101,510).

Reserves Policy

The income of the Company is considered adequate and the risks associated with any significant reduction in income is regarded as unlikely. The Trustees are satisfied with the current level of reserves at the present time. The Trustees are reviewing the Reserves Policy in the current year.

PORTGLENONE ENTERPRISE GROUP LIMITED

(Private company limited by guarantee without share capital) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Trustees' Annual Report (Incorporating the Director's Report)

Trustees' responsibilities statement

The Trustees (who are also directors of Portglenone Enterprise Group for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard (United Kingdom Generally Accepted Accounting Practice)

Company law requires the trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the income resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

Select suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charities SORP;
Make judgments and accounting estimates that are reasonable and prudent;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transaction and disclose with reasonable accuracy at any time the financial position of the charitable company and the enable them to ensure that the financial statements comply with the Companies Act 2016. They are also responsible for

safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

PEG is a company limited by guarantee by its Memorandum and Articles of Association. Each members liability is limited to an amount not exceeding £1.

This report was approved by the Trustees, on 16/01/2026 and signed on behalf by:

Kieran Adams Trustee