COMPANY REGISTRATION NUMBER: N1621142
CHARITY REGISTRATION NUMBER: NIC101935
Portaferry Community Collective Ltd
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
ANA
NTAN
Chartered accountants
Sketrick House
Jubilee Road
Newtownards
Co Down
BT23 4YH
Y LIMITED

Portaferry Community Collective Ltd
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's 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 2024
The trustees, 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 2024.
Reference and administrative details
Registered charity name
Portaferry Community Collective Ltd
Charity registration number
NIC101935
Company registralion number N1621142
Principal office and registered 43 The Gables
off ice
Portaferry
Co Down
BT22 1 RR
Northern Ireland
The truslees
Mr J MacPolin
Mrs M Mageean
Mrs 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 Colleclive 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 profit organisation.
Portaferry Community Collective Ltd is currently governed by a Board of seven membersldirectors.
The Board can co-opt new membersldirectors as and when required.
New directors are briefed on their legal obligalions 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, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Structure. governance and management (continued)
The Board of Directors is supported by a Management Committee which consists of represenlatives of
approximalely ten other local voluntary organisations. The Management Committee meels on a
monthly basis to discuss aims and issues arising within the individual organisations which they
represent. There is a strong sense of cohesion be￿een local organisations and Portaferry Community
Colleclive acts as a hub whereby they can come together and work collectively for the benefit of the
town of Portaferry and surrounding areas.
Objectives and activities
The Charily's objects are to:_
1 . Advance community development. regeneration. health. education. amateur sports. the arts, culture
and heritage.
2. Engage and promote co-operation between all community organisations in Portaferry and act as a
resource for them.
3. Improve the quality of life of residents living in Portaferry irrespective of age, sex. sexual orientation.
race, disability, political, religious or other opinion by associating with statutory authorities. voluntary
and community organisations and the private sector.
Stralegic report
The following sections for achievements and performance and financial review form the strategic
report of the charity-

Portaferry Community Collective Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Achievements and performance
During 2023124 we participated in the following projecls:
we continued the Portaferry Reminiscence Project, as part of this there were ongoing workshops with
up to 40 older people with launch of the 3rd booklet held in the Long Gallery, Stormont. In addition
there was the Reconnect Project. we received funding by the National Lottery Community
FundlAwards for All-
we parlnered with the three local schools to deliver Hardship Support lo families in need ie. Holday
Hunger scheme and Breakfast Clubs. funded by Ards and North Down Borough Council Hardship
partnered with Portaferry in Bloom to purchase an Apple Press and Fruit Trees, funded by N IHE"
PCCL continued lo meet monthly and have reviewed Portaferry Village Plan and engaged with
Council Officers on their planned updating of it:
representatives of PCCL are part of several Committees and Working Groups andlor have been
involed with several activites- ANDBC Public Realm Steering Committee- Ards Peninsula Village
Partnership - help with running Kite Festival, Art Mosaic Projecl. etc- and NIHE Housing Community
Network Forum for community organisations in Ards and North Down.
Our committee continued to meet on a monthly basis. and we continued lo build and reinforce strong
relationships wilh other local voluntary organisations. each with aims which compliment our own.
Financial review
The results for the year are set out in delail on page 5 onwards. The Charity received total income
from all sources of £11.492. all of which was restricted in nature. Total expenditure was £16,795.
returning an overall deficil of £5.303. Combined with resources brought forward from the prior year. at
the year end the Charily held total reserves of £6.709 consisting of £2,455 funds reserved for specific
purposes, and £4,254 available lor use at the Trustees. discretion.
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 that current
levels of income are not maintained in the future.
Plans for fulure periods
During 2024125 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-

Portaferry Community Collective Ltd
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
The trustees, annual report and the strategic reFX)rt were approved on
on behalf of the board of trustees by=
Dec 13. 2024
and signed
Mrs M McGreevy (Chairperson)
Trustee
Mrs F Mccormick (Treasurer)
Trustee

Portaferry Community Collective Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Portaferry Community
Collective Ltd
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of Portaferry Community
Collective Ltd I'the charilrf) for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company lawl you are
responsible for the preparation of the financial statements in accordance with the requirements of
Charities Act {Northern Ireland) 2008 {Ihe '2008 Acl.) and the Companies Acl 20061'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 examinalion.
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 respect 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 the Charity Commission for Northern
Ireland under section 65{9)Ib} of the 2008 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters 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 386 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 other than any requirement thal the accounts give a 'true and fair, view which is
not a matler considered as part of an independenl 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 confirm that there are no other matters to which your attention should be drawn lo enable a proper
understanding of the accounts to be reached.
Imelda Rogan (on behalf of Rogan Accountancy Limited)
Independent Examiner
Sketrick House
Jubilee Road
Newlownards
Co Down
BT23 4YH

Portaferry Community Collective Ltd
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Nole
Income and endowments
Donations and legacies
Total income
11,492
11,492
13,488
11.492
11,492
13.488
Expenditure
Expenditure on charitable activities
Total expendilure
814
15.981
16,795
8.409
814
15.981
16,795
8.409
Net {expenditure)lincome and net
movement in funds
{8141
(4.4891
(5,303)
5,079
Reconciliation of funds
Total funds brought forward
Total funds carried forward
5,068
6,944
12,012
6,933
4.254
2.455
6,709
12.011
The slatement of financial activities includes all gains and losses recognised in the year.
All income and expendilure derive from continuing activities.
The notes on pages 9 10 16 form part of Ihese financial slatements.

Portaferry Community Collective Ltd
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
11
817
1,090
Currenl assets
Debtors
Cash at bank and in hand
12
1,842
4,590
321
11,141
6,432
11,462
Creditors: amounis falling due within one year
Net current assets
13
540
540
5,892
10.922
Total assets less current liabilities
6,709
12,012
Net assets
6,709
12.012
Funds of the charily
Restricted funds
Unrestricted funds
2.455
4,254
6.944
5.067
Total charily funds
14
6,709
12.011
For the year ending 31 March 2024 the charity 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 audit of its financial statements for the
year in question in accordance with section 476-
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect lo accounling records and the preparation of financial statements.
These financial statements 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
Dec 13, 2024
and are signed on behalf of the board by:
lyt VLI QY
Mrs M McGreevy {Chairperson)
Trustee
Mrs F Mccormick (Treasurer)
Trustee
The notes on pages 9 10 16 form part of Ihese financial slatements.

Portaferry Community Collective Ltd
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operaling activities
Net lexpenditure}lincome
15,303}
5.079
Adjustments for..
Depreciation of tangible fixed assets
273
1,271
Ghanges in..
Trade and other debtors
11,521}
16.551)
16,551)
Cash generated from operations
Net cash (used in)/from operating activities
6.350
6,350
Cash flows from investing activities
Purchase of tangible assets
Net cash used in investing activities
{1 ,3631
{1 ,363)
Net (decrease}lincrease in cash and cash equivalenls
Cash and cash equivalenis ai beginning ol year
Cash and cash equivalents al end of year
16,551)
11.141
4.987
6.154
4,590
11,141
The notes on pages 9 10 16 form part of Ihese financial slatements.

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General information
The charity is a public benefil entity and a private company limited by guarantee, registered in
Northern Ireland and a regislered charity in Northern Ireland. The address of the registered office
is 43 The Gables, Portaferry, Co Down. BT22 1 RR. Northern Ireland.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounls in accordance with the
Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 (Charities
SORP {FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost 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 stalements are prepared in sterling. which is the functional currency of the entity.
Going concern
There are no material uncertainties about the chariws ability to continue.
Fund accounting
Unrestricled funds are available for use al the discrelion of the Iruslees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal. and fall into one of two sub-classes- restricted income funds or
endowment funds.

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity- it is probable thal the economic benefits associated with the transaction will
flow to the charity and the amount can be reliably measured. The tollowing specific policies are
applied to particular categories of income=
income from donations or grants is recognised when there is evidence of entitlemenl to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and enlitlemenl is established.
income from donated 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 value. Donated facilities and seNices are recognised in the accounts
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services 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 unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading aclivilies, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities Ihat further its charitable aims for the benefit of ils beneficiaries. including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure 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 ihe use of the resource. Direct cosls
attributable lo a single activity are allocated directly to that activity. Shared costs are apporlioned
between the aclivilies they conlribute to on a reasonable, justifiable and consistenl basis.
Tangible assets
Tangible assets are initially recorded at cost. and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulaled depreciation and subsequent accumulaled impairment losses.
10

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policies (continued)
Tangible assets {continuedJ
An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. 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 it offsets any previous revaluation gain. in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculaled so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows=
Planl and machinery
Fixtures and fittings
20 /0 slraight line
20 /0 straight line
Impairment of tixed assets
A review for indicators of impairment is carried out at each reporting date. with the recoverable
amount being estimated where such indicators exisl. 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 the cash-
generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable
group of assets that includes the asset and generales cash inflows thal largely independent of the
cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is. from the
acquisition date. allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contraclual provisions of the instrument.
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 at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policies (continued)
Financial instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. 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 normal business terms or financed at a rate of interest
that is not a markel rate. in which case the asset is measured at the present value of the future
payments discounted al 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 statement of financial activities. with the exception of hedging instruments in a
designated hedging relationship.
Financial assels that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting dale. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which Ihe initial gain was recognised.
For all equity instruments regardless of significance. and other financial assets that are
individually significant, Ihese are assessed individually for impairment. Olher financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately. to the exlent thal the reversal does not
result in a carrying amount of the financial asset that exceeds whal the carrying amount would
have been had the impairment not previously been recognised.
Limited 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 legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donalions
Donations
12

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Donations and legacies (contiTnued)
Unrestricted
Funds
Restricled Total Funds
Funds
2024
Grants
ANDBC - Running Costs Grant
NIHE - Apple Press Grant
National Lottery Communities Fund
DAERA
ANDBC - Hardship Project Grant
CFNI - Openreach Grant
830
902
830
902
7,760
2,000
7,760
2,000
11,492
11,492
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Donations
1.000
1.000
Granls
ANDBC - Running Costs Grant
NIHE - Apple Press Grant
National Lottery Communities Fund
DAERA
ANDBC - Hardship Project Grant
CFNI - Openreach Grant
1.431
1,431
10,000
1,057
10,000
1,057
2,431
11,057
13,488
13

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Expenditure on charitable activities by lund iype
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Community Cohesion and Wellbeing Initiatives
Community and Townland Improvement Initiatives
Support costs
14,599
14,599
814
1,382
2,196
814
15,981
16,795
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Community Cohesion and Wellbeing Initiatives
Community and Townland Improvement Initiatives
Support costs
663
1.000
1.665
3,901
4,564
1,000
2,845
1,181
3.328
5,082
8.409
Expendilure on charitable aclivities by aclivity type
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Community Cohesion and Wellbeing
Initiatives
Community and Townland
Improvement Initiatives
Governance costs
14.599
14,599
4,564
1,000
2,845
2.196
2,196
14.599
2.196
16,795
8.409
Net (expendilure)lincome
Net lexpenditure}lincome is stated after chargingl{crediting)=
2024
2023
Depreciation of tangible fixed assets
273
1.271
Independent examinaiion fees
2024
2023
Fees payable to the independenl examiner for:
Independenl examination of the financial stalemenls
450
450
14

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
10. Trustee remuneration and expenses
Directors￿ rustees participale on a fully voluntary basis and no trustee received remuneration or
benefits during the year.
11. Tangible fixed assets
Plant and Fixtures and
machinery
fittings
Total
Cosl
Al 1 April 2023 and 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
Al 31 March 2024
8,034
3,572
11,606
6,944
273
3,572
10,516
273
7,217
3,572
10,789
Carrying amounl
Al 31 March 2024
817
817
At 31 March 2023
1.090
1,090
12. Debtors
2024
2023
Prepayments and accrued income
Other debtors
321
1.521
321
1,842
321
13. Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
540
540
15

Portaferry Community Collective Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
14. Analysis ol charilable funds
Unrestricled funds
Al
31 March 202
At
1 April 2023
Income Expendilure
General funds
5.068
{814)
4,254
At
31 March 202
At
1 April 2022
Income Expendilure
General funds
5,964
2,431
13,328)
5,067
Restricled funds
At
31 March 202
At
1 April 2023
Income Expenditure
Restricted Funds
6.944
11.492
(15,981)
2,455
At
31 March 202
At
1 April 2022
Income Expenditure
Restricted Funds
969
11.057
15,082)
6,944
15. Analysis ol changes in net debl
At
At 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
11.141
16,551)
4,590
16