COMPANY REGISTRATION NUMBER: N1621142
CHARITY REGISTRATION NUMBER: NIC101935
Portaferry Community Collective Ltd
Company Limited by Guarantee
Financial Statements
31 March 2023
ROGAN ACCOUNTANCY LIMITED
Chartered accountants
Sketrick House
Jubilee Road
Newtownards
Co Down
BT23 4YH

Portaferry Community Collective Ltd
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2023
Page
Trustees, annual report (incorporating the directorfs report)
Independent examinerfs report to the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
statement of cash flows
Notes to the financial statements

Portaferry Community Collective Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 March 2023
The Iruslees, who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 March 2023.
Reference and adminlstratlve details
Registered charity name
Portaferry Community Collective Lld
Charity registration number
NIC101935
Company reglstratlon number N1621142
Principal office and registered 43 The Gables
offlce
Portaferry
Co Down
BT22 1 RR
Northern Ireland
The trustees
Mr J MacPolin
Mrs M Mageean
MT5 M McGreevy (Chairperson)
Miss M Ritchie
Dr T Wyatt
Mrs F Mccormick (Treasurer)
Ms M Mahon
Independent examiner
Imelda Rogan (on behalf of Rogan Accountancy Limited)
Sketrick House
Jubilee Road
Newtownards
Co Down
BT23 4YH
Structure, governance and management
Portaferry Community Collective Ltd is a Company Limited by Guarantee and is a registered Charity,
regulated by the Charities Commission for Northern Ireland. It is a not for profrt organisation.
Portaferry Community Collective Ltd is currently governed by a Board of seven membersldireGtors.
The Board can co-opt new membersldirectors as and when required.
New directors are briefed on their legal obligations under charity and company law, the content of the
Memorandum and Articles of Association. the committee and decision making process, future plans
and recent financial performance.
The trustees who served the charity are the same as the directors listed on page 1.

Portaferry Community Collective Ltd
Company Limited by Guarantee
Trustees. An nual Report (Incorporating the Director's Report) {¢ontlnued)
Year ended 31 March 2023
Structure, governance and management (contlnued)
The Board of Directors is sUPPOrted by a Management Commiltee which consists of representatives of
approximately len other local voluntary organisations. The Management Committee meets on a
monlhly basis to discuss aims and issues arising within the individual organisations which they
represenl. There is a strong sense of cohesion between local organisations and Portaferry
Community Collective acts as a hub whereby they can come together and wotl( collecttvely for Ihe
benefit of the town of Portaferry and surrounding areas.
Objectives and activities
The Charity's objects are lo:_
1. Advance community developmenl, regeneration, health, education, amateur sports, the arts, cultur8
and heritage.
2. Engage and promote co-operation be￿een all Communty organisations in Portaferry and act as a
resource for them.
3. Improve the quality of life of residents living in Portafery irrespective of age, sex, sexual orientation,
race, disability, political, religious or other opinion by ass(￿latIng with statutory authorities, voluntary
and community organisalions and the private seclor.
Strateglc report
The following sections for achievements and perfomiance and financial review form the strategic
report of the charity.
Achievem8nts and performance
During 2022123 we p8rticipated in the following projects:
- we hosted the Reminiscence Project"
we acquired funding of £10.000 from Ihe National Lottery Communities Fund to fund the
Reminiscence Project.,
- we made a donation of £1,000 lo Saint Vincent De Paul Society.
Our committee continued to meet on a monthly basis, and we continued to build and reinforce strong
relationships with other local voluntary organisations, each with aims which compliment our own.
Financial review
The results for the year are set out in detail on page 5 onwards. The Charity received total income
from all sources of £13,488, of which £11.057 was restricted in nature. Tolal expenditure wa5 £8,409,
returning an overall surplus of £5,079. Combined with resources brought forward from the prior year,
at the year end the Charity held total reserves of £12,011 consisting of £6,944 funds reserved for
specific purposes, and £5,067 available for use at the Trustees, discretion.

Portaferry Community Collective Ltd
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnued)
Year ended 31 March 2023
Financial review (conÉlnued}
The unrestricted funds are considered to be essential to provide sufficient funds to cover any
unforeseen costs which may arise and fulfil the legal obligations of the Charity in the event Ihat current
levels of income are not maintained in the future.
Plans for future periods
During 2023124 we will continue to host our events and collaborations with our sister organisations,
and build upon the positive contributions we have made to our local community.
The Irustees, annual report and the strategic report were approved on
on behalf of the board of trustees by-
and signed
Mrs M McGreevy (Chairperson)
Trustee
Mrs F Mccormick (Treasurer)
Trustee
rfIC(00

Portaferry Community Collective Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Portaferry Community
Collective Ltd
Year ended 31 March 2023
I report to the trustees on my examination of the financial slatements of Portaferry Community
Collective Ltd ('the charity,) for the year ended 31 March 2023.
Responsibilities and basis of report
As the trustees of the company (and also its direclors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of
Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 20C6 ('the 2006 Act,).
You are satisfied that the accounts of the company are not required by charity or company law to be
audited and have chosen Instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respecl of my examination of
the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my
examination I have followed the general Directions given by th8 Charity Commission for Northern
Ireland under section 65(9){b) of the 2008 Act.
Independent examlnerfs statement
I have completed my examination. I confimi that no malters have come to my attention in connection
with my examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 388 of the
2006 Act., or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act olher than any requirement that the accounts give a 'true and fair, view which
is not a matter considered as part of an independent examination., or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I confinn that there are no other matters to which your attention should be drawn to enable a proper
understanding of the accounts to be reached.
Imelda Rogan {on behalf of Rogan Accountancy Limited)
Independent Examiner
Sketrick House
Jubilee Road
Newtownards
Co Down
BT23 4YH
13 Dec 2023

Portaferry Community Collective Ltd
Company Limited by Guarantee
statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2023
2023
Restricted
funds Total funds
2022
Unrestricted
funds
Total funds
Notg
Income and endowments
Donations and legacies
Total Income
2.431
11,057
11,057
13.488
5,525
2,431
13.488
5,525
Expendlture
Expenditure on charitable activities
Total expenditure
3,328
3.328
5,082
8,409
6,928
5,082
8,409
6,928
Net Incomellexpendllurel and net
movement in funds
{897)
5,975
5.079
{1.403)
Reconciliation of funds
Total funds brought forward
Total funds Garried forward
5,964
5,067
969
6,933
8,336
6.944
12,011
6,933
The statement of financial activitie5 includes all gains and losses recognised in Ihe year.
All income and expenditure derive from conlinuing activities.
The notes on pages 8 to 14 forni part of thes• Ilnan¢l•l stalements.

Portaferry Community Collective Ltd
Company Limited by Guarantee
statement of Financial Position
31 March 2023
2023
2022
Not•
Fixed assets
Tangible fixed assets
11
1.090
998
Current assets
Debtors
Cash at bank and in hand
12
321
11.141
321
6.154
11,462
6.475
Creditors: amounts falling due within one year
Net current assets
13
540
540
10.922
5.935
Total assets less current Ilabilltles
12,012
12,012
6,933
6,933
Net assets
Funds of the charlty
Restricted funds
Unrestricted funds
6,944
5,067
5,965
Total charity funds
14
12,012
8,933
For the year ending 31 March 2023 the charily was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the company to obtain an audil of its financial slatemenls for the
year in question in accordance V•ith section 476-.
The directors acknowledge their responsibilities for complying with Ihe requirements of the Act
with respect lo accounting records and the preparation of financial stalements.
These financial stalements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on
1.3 DeL 202.3 , and are signed on behalf of the board by:
Mrs M McGreevy (Chairperson)
Trustee
Mrs F Mccormick (Treasurer)
Trust
oML
The notes on pages 8 to 14 form part of these financial statements.

Portaferry Community Collective Ltd
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2023
2023
2022
Cash flows from operating activities
Net incomel(expenditure)
5.079
(1,403)
Adjuslfft8rJts for
Depreciation of tangible fixed assets
1.271
999
Changes in..
Trade and other debtors
1,100
Cash generated from operations
Net cash from operating activities
6,350
696
6,350
696
Cash flov￿ from investing activities
Purchase of tangible assets
Net cash used in investing activities
(1,363)
(1,363)
Net increase In cash and cash equlvalents
Cash and cash equlvalents at beglnnlng of year
Cash and cash equivalents at end of year
4,987
6.154
5.457
11,141
6,153
The notes on pag95 8 to 14 form part of these flnanclal ststements.

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Ststements
Year ended 31 March 2023
General information
The charity is a public benefit entity and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northem Ireland. The address of the registered office
is 43 The Gables, Portaferry, Co Down, BT22 1 RR. Northern Ireland.
Statement of Gompliance
These financial statements have b8en prepared in compliance wilh FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Slatement 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 102> {Charilie8
SORP IFRS 102)) and the Companies Act 2006.
Accounting policies
Basls of preparation
The financial statements have been prepared on the historical cosl basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling. whtch is the functional currency of the entity.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Fund accountlng
Unrestricted funds are available for use al the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds eamiarked by the trustees for particular future project or
commitment.
Reslricled funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, a￿1 fall into one of two sub<lasses.- restflcted income funds or
endowmenl funds.

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Accountlng policies (contlnugdj
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity- it is probable that the economic benefits associated with Ihe transaction
will flow lo the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income:
income from donations or grants is recognised when there ig evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donaled goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale valu8. Donated facilities and seNices are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribulion of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted seNice. This is classified as unrestricted funds unless there is a contr8Ctual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
il may be regarded as reslricted.
Resources expended
Expenditure is recognised on an a￿rual$ basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the stalement of
fsnancial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activilies includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of ils beneficiaries, including those
support costs and costs relaling lo the governance of the charity apportioned lo charitable
activities.
other expenditure includes all expendrture that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and Gonsistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairrnent losses. Any tangible assets carried at revalued
amounls are recorded al the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulaled impairment losses.

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Accounting policies (¢onllnued)
Tanglble assets (contsnued)
An increase in the carying amount of an asset as a resuft of a revaluation, is recognised in other
recognised gains and losses. unless il reverses a charge for impairment Ihat has previously been
recognised as expenditure within the slalement of financial aclivilies. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses.
except to which il offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activitie5.
Depreciatlon
Depreciation is calculated so as to write off the cost or valuation of an asset, les5 Its residual
value, over the useful economic lrfe of that asset a5 follows..
Plant and machinery
Fixtures and fittings
20% straight line
200k straight line
Impalrmenl of fixed assets
A revlew for indicators of impairment is carried out at each reporting date, wilh the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of Ihe
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
Independent of the cash inflows from olher assets or groups of assets.
For impairment testing of goodwill, the goojwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units Ihal are expected to benefit from
the synergies of the combinalion, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Flnanclal Instruments
A financial assel or a financial liability is recognised only when the charity becomes a party to the
contractual provis¢ons of the inslrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured al Ihe cash or olher
consideration expect8d to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
10

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
Accounting pollcies (contlnuéd)
Financial instruments (continuedj
Where investments in shares are publicly traded or their fair value can Othe￿ise be measured
reliably, the investment IS Subsequently measured at fair value with change5 in fair value
recognised in income and expenditur8. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives. are initially recognised at fair value, unless
payment for an asset is deferred beyond nomial business terms or financed at a rate of interest
that is not a market rate. in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the stalemenl of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured al cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidenc8 of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities 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 impaiiment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, lo the extent that the reversal does not
resull in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impainnent not previously been recognised.
Llmlled by guarantee
The Charity is a company limited by guarantee and does not have share capital. The liability of
each member is limited lo an amount not exceeding £1.
Donations and logacles
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Donations
1.000
1,000
Grants
Ards & North Down Borough Council
National Lottery Communities Fund
PHA
DAERA
1,431
1,431
10.000
10,000
1,057
1,057
13,488
2.431
11.057
11

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Statements {contlnu8dJ
Year ended 31 March 2023
Donations and legacies {¢onllnued)
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donations
Donations
2.500
2,500
Grants
Ards & North Down Borough Council
National Lottery Communities Fund
PHA
DAERA
1,825
1,825
1,200
1,200
2.500
3,025
5,525
Expendlture on charilable actlvlties by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Community Cohesion and Wellbeing Initiatives
Community and Townland Improvement Iniliatives
Support costs
663
1,000
1,665
3,901
4,564
1.000
2,845
8,409
1,181
3,328
5,082
Unrestricted
Fund5
Restricled Total Funds
Funds
2022
Community Cohesion and Wellbeing Initiatives
Community and Townland Improvement Initiatives
Support costs
394
200
3,783
4,178
200
2,550
6,928
2,550
594
6,333
Expendlture on charitable activities by activity type
Activities
undertaken
directly
Support Total funds
costs
2023
Total fund
2022
Community Cohesion and Wellbeing
Initiatives
Community and Townland
Improvement Initiatives
Governance costs
4,564
4,564
4,178
1,000
1,000
2,845
8,409
200
2,550
2,845
5,564
2.845
6,928
12

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Statements (conllnued)
Year ended 31 March 2023
Net incomel{expenditure)
Net incomel(expenditure) 15 Stated after chargingl(¢rediting):
2023
2022
Depreciation of tangible fixed assets
1,271
999
Independenl examination fees
2023
2022
Fees payable to the independent examiner for:
Independent examination ofthe financial statements
450
450
10. Trustee remuneration and expenses
DirectOrs￿ruSteeS participate on a fully voluntary basis and no trustee received remuneration or
benefits duiing the year.
11. Tangible fixed assets
Plant and Fixtures and
machinery
fittings
Total
C05t
Al 1 April 2022
Additions
6,671
1.363
3.572
10.243
1,363
11,606
At 31 March 2023
8,034
3,572
Depreclatlon
At 1 April 2022
Charge for the year
At 31 March 2023
5,673
1,271
6,944
3.572
9,245
1,271
3.572
10,516
Carrying amount
At 31 March 2023
1,090
1,090
998
At 31 March 2022
998
12. Debtors
2023
2022
Prepayments and accrued income
321
321
13

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2023
13. Credltors: amounts falling due within one year
2023
2022
Accruals and deferred income
540
540
14. Analysis of charltable funds
Unrestricted funds
At
31 March 20
23
At
1 April 2022
Income Expenditure
Transfers
General funds
5.964
2,431
(3,328)
5,067
At
31 March 20
22
At
1 April 2021
Income Expenditure
Transfers
General funds
3,050
2,500
(594)
1,009
6,965
Restrlcted funds
At
31 March 20
23
At
1 April 2022
Income Expendilure
Transfers
Restricted Funds
969
11,057
(5,082)
8,944
Al
31 March 20
22
At
1 April 2021
Income Expenditure
Transfers
Restricted Funds
5,286
3,025
(6.333)
(1,009)
969
15. Analysls of changes in net debt
At
At 1 Apr 2022 Cash flows 31 Mar 2023
Cash at bank 2nd in hand
6.154
4,987
11,141
14