**Registration number NI034309**
**Portrush Community Enterprises Limited Company limited by guarantee Charity number 104609 Directors report and financial statements**
**for the year ended 30 June 2025**
## **Portrush Community Enterprises Limited**
## **Contents**
||**Page**|
|---|---|
|Directors report|**1**|
|Independent Examiner's Report|**2**|
|Statement of Financial Activities|**3**|
|Balance sheet|**4 - 5**|
|Notes to the financial statements|**6 - 10**|
## **Portrush Community Enterprises Limited**
## **Directors Report**
## **for the year ended 30 June 2025**
The Directors present their report and the financial statements for the year ended 30 June 2025.
The accounts have been prepared in accordance with the accounting policies to the accounts and comply with the charity's governing document, the Charities Act (Northern Ireland) 2008 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 published in October 2019"
## **Structure, governance and management**
The Company is a company limited by guarantee.
## **Directors**
The directors who served during the year were as follows
A Doherty C Alexander R Gardiner
## **Objectives and activities**
The objects for which the company is established are:
- To provide community facilities within the Portrush area
- To promote economic, social and environmental opportunities for the greater Portrush area
## **Achievements and performance**
The group continues to support Libraries NI in their delivery of services in the local area with preferential rental rates.PCE Ltd provides both commercial & residential property, funds local arts, sporting, and heritage projects, helps promote services which are in the interest and wellbeing of the residents of Portrush and surrounding areas.
## **Financial review**
During the year the Company maintained sound financial reserves.
This report was approved by the Board on 26 February 2026 and signed on its behalf by
## **A Doherty Director**
## **Independent examiner's report to the members of Portrush Community Enterprises Limited**
I report on the accounts of the for the for the year ended 30 June 2025, which are set out on pages 3 to 10.
## **Respective responsibilities of and examiner**
As the charity trustees (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
- follow the procedures laid down in the general Directions given by the Charity Commission for Northern
- Ireland under section 65(9)(b) of the Charities Act; and
- state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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
4. That there is further information needed for a proper understanding of the accounts to be reached.
## **Independent examiner's statement**
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.
## **Richard McClay FCA**
**For and on behalf of McCreery Turkington Stockman LTD**
**1 Lanyon Quay Belfast BT1 3LG**
**26 February 2026**
## **Portrush Community Enterprises Limited**
## **Statement of Financial Activities (Including Summary Income and Expenditure Account) for the year ended 30 June 2025**
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**2025**
**2025**
**Income from:**
**Notes**
**£**
**£**
NEELB Rental
24,702
-
Other income and rent receivable
12,000
-
Interest received
5,866
-
**Total income**
42,568
-
**Expenditure on:**
Charitable activities
**3**
)
(34,890
-
Costs of governance
**3**
)
(800
-
**Total expenditure**
)
(35,690
-
**Net income before transfers**
6,878
-
**Transfer between funds**
-
-
**Net incoming resources**
6,878
-
Fund balances brought forward
214,844
-
**Fund balances carried forward**
221,722
-|**Year**
**Total**
**2025**
**£**
24,702
12,000
5,866
42,568
)
(34,890
)
(800
)
(35,690
6,878
-
6,878
214,844
221,722|**Year**
**Total**
**2024**
**£**
24,561
10,900
-
35,461
)
(44,318
)
(800
)
(45,118
)
(9,657
-
)
(9,657
224,501
214,844|
|---|---|---|
All of the above results are derived from continuing activities.All gains and losses recognised in the year are included above.
**The notes on pages 6 to 10 form an integral part of these financial statements.**
## **Portrush Community Enterprises Limited**
## **Balance sheet as at 30 June 2025**
|**Notes**
**Fixed assets**
Tangible assets
**5**
**Current assets**
Debtors
**6**
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
**7**
**Net current assets**
**Net assets**
**Capital and reserves**
Unrestricted funds
**8**
**General funds**|**2025**
**£**
11,204
204,744
215,948
)
(6,219|**£**
11,993
209,729
221,722
221,722
221,722|**2024**
**£**
7,944
176,092
184,036
)
(4,527|**£**
35,335
179,509|
|---|---|---|---|---|
|||||214,844|
|||||214,844|
|||||214,844|
**The notes on pages 6 to 10 form an integral part of these financial statements.**
## **Portrush Community Enterprises Limited**
## **Balance sheet (continued)**
## **for the year ended 30 June 2025**
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
(a) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
(b) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements were approved by the Board on 26 February 2026 and signed on its behalf by
## **A Doherty Director**
## **Registration number NI034309**
**The notes on pages 6 to 10 form an integral part of these financial statements.**
## **Portrush Community Enterprises Limited**
## **Notes to the financial statements**
## **for the year ended 30 June 2025**
## **1. Accounting policies**
## **1.1. Basis of preparation**
The charity constitutes a public benefit entity as defined by FRS 102.
The accounts have been prepared in accordance with the accounting policies to the accounts and comply with the charity's governing document, the Charities Act (Northern Ireland) 2008 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 published in October 2019"
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **1.2. Tangible fixed assets and depreciation**
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Leasehold properties Straight line over 25 years - Fixtures and fittings 25% reducing balance
## **1.3. Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the directors for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal
## **Portrush Community Enterprises Limited**
## **Notes to the financial statements for the year ended 30 June 2025**
.................... continued
## **1.4. Resources**
## **Incoming resources**
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations are included as income when they are received. No amounts are included in the financial statements for services donated by volunteers.
## **Resources expended**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
|**2.**|**Net incoming resources for the year**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
||Net incoming resources is stated after charging:|||
||Depreciation and other amounts written off tangible assets|23,342|23,630|
## **Portrush Community Enterprises Limited**
## **Notes to the financial statements**
## **for the year ended 30 June 2025**
.................... continued
|**Unrestricted**
**Restricted**
**Total**
**2025**
**2025**
**2025**
**£**
**£**
**£**
**3.**
**Total resources expended**
**Costs directly allocated to**
**charitable activities**
Rates
1,494
-
1,494
Insurance
4,990
-
4,990
Light and heat
596
-
596
Repairs and service
1,081
-
1,081
Bank fees
34
-
34
General expenses
353
-
353
Charitable donations
3,000
-
3,000
Depreciation
23,342
-
23,342
34,890
-
34,890
**Governance costs**
Independent Examiner fee
800
-
800
**35,690**
**-**
**35,690**|**Total**
**2024**
**£**
1,422
4,784
527
9,852
34
69
4,000
23,630|
|---|---|
||44,318|
||800|
|||
||**45,118**|
## **4. Taxation**
No liability to UK corporation tax arises on ordinary activities for the year. The Company is a registered charity .
## **Portrush Community Enterprises Limited**
## **Notes to the financial statements**
## **for the year ended 30 June 2025**
.................... continued
|||||**Fixtures,**|**Fixtures,**|||
|---|---|---|---|---|---|---|---|
|**5.**|**Tangible fixed assets**|**Freehold **||**fittings and**||||
|||**property**||**equipment**||**Total**||
||||**£**|**£**||**£**||
||**Cost**|||||||
||At 1 July 2024||562,700|29,902||592,602||
||At 30 June 2025||562,700|29,902||592,602||
||**Depreciation**|||||||
||At 1 July 2024||530,731|26,536||557,267||
||Charge for the year||22,508|834||23,342||
||At 30 June 2025||553,239|27,370||580,609||
||**Net book values**|||||||
||At 30 June 2025||9,461|2,532||11,993||
||At 30 June 2024||31,969|3,366||35,335||
|**6.**|**Debtors**|||**2025**||**2024**||
|||||**£**||**£**||
||Other debtors|||11,204||7,944||
|**7.**|**Creditors: amounts falling due**|||**2025**||**2024**||
||**within one year**|||**£**||**£**||
||Trade creditors|||1,942||600||
||Other taxes and social security costs|||1,201||127||
||Accruals|||3,076||3,800||
|||||6,219||4,527||
## **Portrush Community Enterprises Limited**
## **Notes to the financial statements for the year ended 30 June 2025**
.................... continued
|||**Unrestricted **||**Restricted**|||
|---|---|---|---|---|---|---|
|**8.**|**Statement of funds**|**reserve**||**reserve**|||
|||**account**||**account**|**Total**||
|||**£**||**£**|**£**||
||**Total reserves at 1 July 2024**|214,844||-|214,844||
||Total income for the year|42,568||-|42,568||
||Total expenditure for the year|(35,690|)|-|(35,690|)|
||**Total reserves at 30 June 2025**|221,722||-|221,722||
The general reserve represents the free funds of the charity which are not designated for particular purposes.
|||**Unrestricted**||||
|---|---|---|---|---|---|
|**9.**|**Analysis of net assets between funds**|**reserve**||||
|||**fund**||**Total**||
|||**£**||**£**||
||**Fund Balances at 30 June 2025**|||||
||**represented by:**|||||
||Tangible fixed assets|11,993||11,993||
||Current assets|215,948||215,948||
||Current liabilities|(6,219|)|(6,219|)|
||**Total net assets**|221,722||221,722||
The general reserve represents the free funds of the charity which are not designated for particular purposes.
## **10. Company limited by guarantee**
The Trust is a company limited by guarantee. Every member undertakes to contribute such amounts not exceeding £5 to the company's assets if it should be wound up while being a member, or within one year of ceasing to be a member.