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2023-05-31-accounts

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Company registration number: NI640450 Charity Commission for NI No: 106556

Portadown Cares Limited Company limited by guarantee

Unaudited financial statements Year ended 31[st] May 2022

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

Contents

Page
Directors and other information 1
Report of the Trustees 2 - 6
Independent Examiners report 7
Statement of Financial Activity 8
Statement of Financial Position 9
Notes to the financial statements 10 - 18

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

Directors Mr David Taylor (resigned 5/1/2023) Mr David Taylor (resigned 5/1/2023) Mr David Taylor (resigned 5/1/2023)
Mrs Tracie Jenkinson
Mr Edward Drury (resigned 11/3/2022)
Mr Scott McCann
Mrs Patrice Tifney
Miss Leonie Gracie (appointed 30/3/22) ( resigned 28/1/2023)
Miss Kirstie Toman (appointed 30/3/2022)
Mr Johnathan Surgeonor (appointed 30/3/2022)
Ms Kim Bailie (appointed 30/3/2022)
Company number NI640450
Registered office High Street
Portadown
Craigavon
Northern Ireland
BT62 1HX
Business address High Street Mall
Portadown
BT62 1HX
Accountants JSR
44 Blackisland Road
Annaghmore
Portadown
Co Armagh
BT62 1NE
Bankers Ulster Bank
20 High Street
Portadown
BT62 1HU

Page 1

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

The Trustees are pleased to present their annual directors’ report together with the unaudited financial statements of the charity for the year ending 31[st] May 2022. This report has also been prepared to meet with the requirements for a directors report and accounts for the purposes of the Companies Act.

The Directors/ Trustees who served during the year were as follows:

Mr David Taylor (resigned 5/1/2023) Mrs Tracie Jenkinson Mr Edward Drury (resigned 11/3/2022) Mr Scott McCann

Mrs Patrice Tifney Ms Kim Bailie (appointed 30/3/2022) Mr Johnathan Surgeonor (appointed 30/3/2022) Miss Kirstie Toman (appointed 30/3/2022) Miss Leonie Gracie (appointed 30/3/2022) (resigned 28/1/2023)

Risk Management

The trustees actively review any major risks, which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources for the incoming year. The trustees have also examined other operational and business risks faced by the Charity and confirm that they have established systems to mitigate the most significant risks.

Overview of Portadown Cares Limited

Portadown Cares was established to promote the benefit of the inhabitants of the Portadown area and its environs (hereinafter called the 'area of benefit') by relieving poverty, sickness, assisting the aged, and advancing education, by using the proceeds from our charity shop for the above purposes, in particular: (a) providing financial or other assistance to those in need; (b) organising and promoting educational training; (c) organising and promoting courses in life skills; (d) supporting local and charitable causes dealing with the elderly, youth and other marginalised groups; and (e) organising events to promote social integration.

The Trustees have had regard to the Northern Ireland Charity Commission's Public benefit requirements, as demonstrated though the following overview of the years activities:

This report provides an overview of the work of Portadown Cares Limited from the 1[st] June 2021 to 31[st] May 2022. This is the fourth annual report for Portadown Cares Limited.

Activities of the Charity

Portadown Cares has run a number of activities and projects during the year ended 31[st] May 2022. The projects were designed to assist the aged, increase education, promote social integration, decrease social isolation and improve life skills and general personal confidence.

We continued to liaise with local groups, providing assistance where practicable and further cementing links, friendships and partnerships throughout our town. Portadown Cycling Club invited us to be their Charity of the Year and we gratefully accepted, we also continued our association with Moira Hygiene Bank with the provision of hygiene related assistance to those who requested it.

The notes on pages 10 to 18 form part of these financial statements.

Page 2

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

We continue to provide school uniforms freely on a ‘leave one, take one’ basis and expanded this when approached by two school representatives as to the possibility of providing a warm winter coat to children who did not have one. We applied to Cash for Kids NI and were awarded two thousand pounds for the purchase of brand new winter coats. All local Primary School Principals were approached, and those that responded were offered a warm coat for any child that needed one. These coats allowed kids to go to school, they also allowed kids to play outside, go to the park with their friends and enjoy the great outdoors.

We also provided necessary items such as items of furniture, bedding, clothing, fuel or food to those within the area of benefit who cannot otherwise afford them. Portadown Cares also supports local groups and clubs within the area of benefit to organise events etc. which encourage participation from within the local community, and assists them to restore confidence, friendship and support within that community.

Our annual Christmas Hamper Appeal saw 263 large basic food hampers delivered to local homes in severe need in the run up to Christmas, and through our association with the Cool FM “Mission Christmas” Appeal saw us being able to donate brand new toys to over 500 local children who otherwise may not have had any presents to open on Christmas morning. Alongside this we also distributed, thanks to The Community Foundation NI, five thousand pounds of fuel aid to those senior citizens in our community that were experiencing fuel poverty.

Christmas is a time for sharing and we shared our Santa’s Throne with both Ceara Special School and Oasis Youth Club, the latter we also donated foodstuffs for a Christmas party. The association with Oasis Youth is one we intend to maintain and nurture.

Portadown has recently formed a Pet Food Bank and Portadown Cares was delighted to become involved, we are a designated drop off point and hope to become more involved as the charity expands and progresses. Our association with Craigavon Area Food Bank continued to be beneficial to our fight against food poverty, we remain grateful and supportive to the Food Bank and will endeavour to promote and support this lifesaving and necessary organisation.

We headed toward the end of our financial year with a visit from Wee Bugs and Beasties in April 2022, this event was financed, produced and hosted by Portadown Cares in our shop in the High Street Mall. This event proved highly popular and was well attended, so much so that we have planned to host another on 1[st] April 2023.

The occasion of The Queen’s Platinum Jubilee was an event we planned not to miss. We celebrated the Queens Jubilee in June 2022 (our financial year 31[st] May 2023), the vast majority of the planning and organising fell within the financial year ending 31[st] May 2022. We applied for and were awarded grant funding from The National Lottery Community Fund for NI and we booked the Millennium Court in Portadown, hired The Swingtime Starlets, invited all local seniors groups and provided an afternoon of swing, nostalgia and togetherness.

In the near future, we are planning to provide, with assistance from ABC Council, a defibrillator in High Street Mall in Portadown, this lifesaving equipment will be available to all those who visit, shop, live or are employed in our town. This will be maintained and administered by Portadown Cares, we also intend to provide training to any employee of High Street Mall who wishes to partake in training on the usage and maintenance of the defibrillator.

The notes on pages 10 to 18 form part of these financial statements.

Page 3

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

In the coming year we hope to expand the usage of our Hub in Market Lane in Portadown with the provision of disabled toilet facilities, this is still in the planning stage but we hope to move on successfully and have the facilities finalised by Christmas 2023.

Our highly successful ‘keep the date’ event of Portadown Cares does Strictly Come Dancing was once again the highlight of the year 2022, we provided a platform for twelve local couples to fundraise for a charity, club, association or cause close to their heart. The grand total of £32k was raised by the contestants; this is testament to the dedication and phenomenal support this annual event generates, indeed Strictly 2023 has just been staged and this year’s charitable total exceeded £39k being raised by the contestants for their respective charities. Over the seven years that Portadown Cares have produced and hosted the competition its contestants has raised a combined staggering total of just over £180k, all of which has directly benefited other well deserving charities. Portadown Cares is proud to have been able to provide the platform from which these contestants could raise so much money for so many well deserving charities.

Achievements, Performance & Public Benefit

Portadown Cares ran a number and variety of projects and events throughout the year based on need and topical issues within the community. Events have included furniture upcycling courses, dance classes, pottery classes, first aid training, alcohol and drug awareness courses, health and wellbeing classes, computer introductory classes for the elderly. We build our courses around the local community and their needs at each specific time, and plan these courses and events in conjunction and consultation with other local community and residents groups.

The activities outlined above demonstrate how Portadown Cares continues to implement its charitable purposes, and meets the Public Benefit requirement.

Benefit to members of the public include:

We expect the workings of our activities to develop stronger, safer and more united communities, and the risk of potential harm has been mitigated by observance of good practice.

Portadown Cares has given careful consideration to CCNI guidance on public benefit (PBR1) to ensure that the activities entered into during the year have helped to achieve Portadown Cares purpose as well as providing public benefit.

The notes on pages 10 to 18 form part of these financial statements.

Page 4

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

Financial Overview:

The principal source of income for Portadown Cares is the sale of donated items of furniture, clothing and bric-a-brac from our shop in the High Street Mall, Portadown. The principal expenses have been the purchase of equipment and event costs.

Total Incoming Resources £ 89,360 (2021; £ 67,934 ) Total Resources Expended £ 88,098 (2021; £ 42,084 ) Surplus/ (Deficit) for year £ 1,262 (2021; £ 25,850 )

No funds held by the charity were in deficit either during the year or at the year end.

Structure, Governance & Management

Going Concern - The Trustees have reviewed its planned expenditure for the year ahead and are satisfied that there are adequate funds in place to ensure that the Charity can continue its activities and the financial statements for the year ending 31[st] May 2021 can be signed off as a going concern.

Governing Document - The charity is regulated by the Charities Act 2008 and the Constitution and Rules of the charity adopted on 22[nd] October 2014.

Recruitment & Appointment of Trustees - Membership of Portadown Cares shall be open to anyone aged 18 or over in the area of benefit who supports the objects of Portadown Cares and whose applications for membership are accepted by the committee. Members shall be called full members and are entitled to vote at meetings, and are eligible to be nominated for election to the Committee.

Anyone who in the opinion of the Committee have special knowledge or experience to offer shall be called Associate Members but do not have the right to vote at meetings. The Committee elected at an Annual General Meeting shall have the power to co-opt further members to fill any casual vacancy arising on the Committee or to enlist Committee members with a particular skill set.

Organisational Structure - The management committee is the governing body of Portadown Cares, and consists of all the appointed trustees of the charity. Under the rules of the charity the trustees must number at least 5. At the Annual General Meeting held on Wednesday 3[rd] July 2019, all trustees stood for election and were elected unopposed.

8 Committee meetings were held during the year as well as almost daily contact on a private social media page where committee matters can be discussed in privacy by the trustees. At each meeting financial matters are discussed, reviewed and planned, and budget forecasts are made on a conservative estimate of potential income and costs to ensure financial viability. The accounts are presented annually to the membership for discussion and approval following independent inspection.

Registration Details:

Registered Northern Ireland Charity No: NIC106556 Registered Limited Company No: NI640450

Company Law requires the Trustees/ Directors to prepare the financial statements for each financial year. The Trustees/ Directors have taken the decision to prepare the financial statements in

The notes on pages 10 to 18 form part of these financial statements.

Page 5

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

accordance with UK GAAP (United Kingdom Generally Accept Accounting Practice. According to Company Law, these accounts must not be approved by the Trustees/ Directors unless they are satisfied that these accounts give a true and fair view of the state of affairs of the company and its income and expenditure.

In preparing these financial statements the trustees are required to: Select suitable accounting policies and apply them consistently Observe the methods and principles in the Charities SORP

Make judgements and accounting estimates that are reasonable and prudent

The Trustees are responsible for keeping adequate records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enabled them to ensure that the financial statements company with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the preventions and detection of fraud and other irregularities.

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the Board of Trustees on 29[th] March 2023, and signed on its behalf by:

Mrs Tracie Jenkinson Mrs Patrice Tifney Director Director

The notes on pages 10 to 18 form part of these financial statements.

Page 6

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

Independent examiner’s report to the charity trustees of Portadown Cares Limited charitable company.

I report on the accounts of the company for the year ended 31[st] May 2022, which are set out on pages 8 to 18.

Respective responsibilities of charity trustees 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:

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 included 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

CCNI ARR07 – supporting document 7 August 2016 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland

  1. 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.

Jonathan Ross FCA

44 Blackisland Road, Annaghmore Portadown BT62 1NE

Date: 29[th] March 2023

The notes on pages 10 to 18 form part of these financial statements.

Page 7

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

Statement of Financial Activities (to include Income and Expenditure account) Year ended 31 May 2022

For the year ended 31 May 2022
Incoming Resources
Notes
Incoming Resources from generated funds
Voluntary income
2
Activities for generating funds
3
Investment income - rent received
4
Incoming resources from charitable activities
Other incoming resources
Total Incoming Resources
Resources Expended
Cost of generating funds
5
Costs of generating voluntary income
Investment management costs
7
Charitable activities
6
Running Costs/ Administrative costs
8
Governance Costs
9
Other Resources Expended
10
Total Resources Expended
Net incoming/ outgoing resoruces
before transfers
Gross transfers between funds
Net incoming resources before other
recognised gains and losses
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
16, 18		 Unrestricted
Funds
£
4,374
64,877
12,782
7,327
89,360
29,064
-
7,492
9,441
34,697
2,411
4,993
88,098
1,262
-
1,262
1,262
82,866
84,128		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
Funds
Prior year
£
£
4,374
36,500
64,877
18,721
12,782
12,713
7,327
-
89,360
67,934
29,064
8,764
-
-
7,492
8,514
9,441
3,903
34,697
19,242
2,411
1,077
4,993
584
88,098
42,084
1,262
25,850
-
-
1,262
25,850
1,262
25,850
82,866
57,016
84,128
82,866

All income was derived from continuing activities, therefore no statement of total recognised gains and losses is required.

The notes on pages 10 to 18 form part of these financial statements.

Page 8

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

Statement of Financial Position 31[st] May 2022

Notes:
Fixed Assets
Tangible fixed assets
11
Investments
12
Current Assets
13
Creditors: amounts falling due within one year
14
Net Current Assets
Total assets less current liabilities
15
Net assets
Represented by:
Unrestricted funds
16, 18
Restricted funds
Creditors: amounts falling due
after more than one year		 2022
2021
£
£
14,359
13,079
100,918
100,918
115,277
113,997
24,566
25,948
12,234
10,889
12,332
15,059
127,609
129,056
43,481
46,190
84,128
82,866
84,128
82,866
-
-
84,128
82,866

For the year ending 31[st] May 2022 the company 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 to accounting 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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 29[th] March 2023, and are signed on behalf of the board by:

Mrs Tracie Jenkinson Mrs Patrice Tifney
Director Director
Company registration number: NI615573

The notes on pages 10 to 18 form part of these financial statements.

Page 9

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited

Company limited by guarantee

Notes to the financial statements

Year ended 31[st] May 2022

1. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparation

The financial statements have been prepared in accordance with the Accounting and Reporting 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 102 1A) (effective January 2015) – Charities SORP (FRS 102)).

Going Concern

The Trustees are of the view that the continued operation of the charity is ensured and on the basis of their regular review of income and expenditure, and their routine cash-flows. On this basis they have determined the charity to be a going concern.

Fund Accounting

General Funds are Unrestricted Funds which are available for use at the discretion of the Trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated Funds comprise Unrestricted Funds that have been set aside by the Trustees for a particular purpose.

Restricted Funds are funds that are to be used in accordance with specific restrictions as imposed by the donor/s, or which have been raised by the charity for a particular purpose.

Income Recognition Policy

Items of income are recognised and included in the accounts when all of the following criteria are

met :

Donated Services and facilities

In accordance with the Charities SORP (FRS 102), the general volunteer time of supporters is not recognised.

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

The charity is not registered for VAT; all VAT incurred on purchases is therefore irrecoverable. The cost inclusive of VAT is therefore charged to the income and expenditure account against the activity for which the expenditure was incurred.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Page 10

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

Notes to the financial statements Year ended 31[st] May 2022

Continued…..

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated 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:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with 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.

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 cashgenerating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model and the performance model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Under the performance model, where the grant does not impose specified future performancerelated conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the

Page 11

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

Notes to the financial statements Year ended 31[st] May 2022

Continued…..

recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference 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 profit or loss. 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 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 profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

2. Voluntary Income
Donations rec'd		 Unrestricted
£
4,374
4,374		 Restricted
£
-
-		 Total Funds
Prior year
£
£
4,374
36,500
4,374
36,500

Page 12

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

Notes to the financial statements Year ended 31[st] May 2022

6. Cost of charitable activities
Donations - local charities
Donations - purchase of
materials for hampers
7. Investment Costs
Rates - rental property
Light & heat - Rental property
R&M - rental property
3. Activities for generating funds
Thrift shop sales
Fundraising events - ticket sales
4. Investment Income
Rental income
5. Cost of generating funds
Thrift shop - purchases for resale
Fundraising events - materials/		 Unrestricted
£
1,175
8,266
9,441
Unrestricted
£
3,222
3,626
644
7,492
Unrestricted
£
42,331
22,546
64,877
Unrestricted
£
12,782
12,782
Unrestricted
£
4,195
24,869
29,064		 Restricted
£
-
-
-
Restricted
£
-
-
-
-
Restricted
£
-
-
-
Restricted
£
-
-
Restricted
£
-
-
-		 Total
Funds
Prior
year
£
£
1,175
1,558
8,266
2,345
9,441
3,903
Total
Funds
Prior
year
£
£
3,222
1,798
3,626
2,967
644
3,749
7,492
8,514
Total Funds
Prior year
£
£
42,331
18,721
22,546
-
64,877
18,721
Total Funds
Prior year
£
£
12,782
12,713
12,782
12,713
Total Funds
Prior year
£
£
4,195
8,764
24,869
-
29,064
8,764		 Total
Funds
Prior
year
£
£
1,175
1,558
8,266
2,345
9,441
3,903
Total
Funds
Prior
year
£
£
3,222
1,798
3,626
2,967
644
3,749
7,492
8,514
Total Funds
Prior year
£
£
42,331
18,721
22,546
-
64,877
18,721
Total Funds
Prior year
£
£
12,782
12,713
12,782
12,713
Total Funds
Prior year
£
£
4,195
8,764
24,869
-
29,064
8,764
3,903
Prior
year
£
1,798
2,967
3,749
8,514

Page 13

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

Notes to the financial statements Year ended 31[st] May 2022

8. Running costs/ Administrative expenses


Wages
Volunteer Expenses
Insurance
Computer bureau costs
Light & heat - Thrift Shop
Covid compliance - thrift shop
R&M - thrift shop
Bank account hacked
Printing, postage & stationery
Advertising
Telephone
Motor & travel
Staff Welfare
Protective clothing
Bank Charges
Sundry Expenses
Depreciation
9. Governance Costs
Accountancy
Legal/ Prof. - rental property		 Unrestricted
£
5,598
1,125
1,547
369
7,716
-
1,794
1,390
471
275
4,439
4,890
1,076
530
1,432
251
1,794
34,697
Unrestricted
£
2,411
-
2,411		 Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Restricted
£
-
-
-		 Total
Funds
£
5,598
1,125
1,547
369
7,716
-
1,794
1,390
471
275
4,439
4,890
1,076
530
1,432
251
1,794
34,697
Total
Funds
£
2,411
-
2,411		 Prior
year
£
-
-
1,364
213
2,960
116
2,576
-
55
169
3,827
4,210
-
-
838
966
1,948
19,242
Prior
year
£
1,000
77
1,077

Page 14

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

Notes to the financial statements Year ended 31[st] May 2022

10. Other resources expended
Bank Interest paid
Hire Purchase interest paid
11. Tangible Fixed Assets
Cost
At 1 June 2021
Additions
Disposals
At 31 May 2022
Depreciation
At 1 June 2021
Charge
Disposals
At 31 May 2022
Net Book Value
At 31 May 2022
At 31 May 2021		 Unrestricted
£
4,670
323
4,993
Buildings
£
-
-
-
-
-
-
-
-		 Restricted
£
-
-
-
Plant &
Machinery
£
14,520
14,520
6,941
1,137
8,078
6,442
7,579		 Total
Funds
£
4,670
323
4,993
Furniture&
Equipment
£
8,033
3,074
11,107
2,533
657
3,190
7,917
5,500		 Prior
year
£
26
558
584
Total
£
22,553
3,074
-
25,627
9,474
1,794
-
11,268
14,359
13,079

Page 15

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

Notes to the financial statements Year ended 31[st] May 2022

12. Investments

Cost
At 1 June 2021
Additions
Disposals
At 31 May 2022
Depreciation
At 1 June 2021
Charge
Disposals
At 31 May 2022
Net Book Value
At 31 May 2022
At 31 May 2021
The Investment Property at Market Street
13. Current Assets
Cash at bank and in hand
Debtors
14. Creditors less than 1 year
Trade creditors
Accruals
Loans & Overdrafts		 Investment
Property
£
100,918
100,918
-
-
-
100,918
100,918
Portadown is held		 £
-
-
-
-
-
-
-
-
at cost price.		 £
-
-
-
-
-
-
-
-
2022
£
23,961
605
24,566
2022
£
1,903
2,600
7,731
12,234		 Total
£
100,918
-
-
100,918
-
-
-
-
100,918
100,918
2021
£
25,481
467
25,948
2021
£
908
2,337
7,644
10,889

Page 16

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

Notes to the financial statements Year ended 31[st] May 2022

Notes to the financial statements
Year ended 31st May 2022
15. Creditors more than 1 year
Bank loans & Overdrafts		 2022
£
43,481
43,481		 2021
£
46,190
46,190

16. Analysis of Net Assets between Funds

2022
Tangible Fixed Assets
Investment property
Current Assets
Creditors: falling due within one year
Creditors: amounts falling due after more than
one year
2021
Tangible Fixed Assets
Investment property
Current Assets
Creditors: falling due within one year
Creditors: falling due after more than 1 year
17. Trustee & Staff Costs
Unrestricted
£
Staff wages
5,598
Staff Social
Security
-
5,598		 Unrestricted
£
14,359
100,918
24,566
(12,234)
(43,481)
84,128
Unrestricted
£
13,079
100,918
25,948
(10,889)
(46,190)
82,866
Restricted
£
-
-
-		 Restricted
£
-
-
-
-
-
-
Restricted
£
-
-
-
-
-
-
Total
Funds
£
5,598
-
5,598

Total
Funds
£
14,359
100,918
24,566
(12,234)
(43,481)
84,128
Total
Funds
£
13,079
100,918
25,948
(10,889)
(46,190)
82,866
Prior
year
£
-
-
-

There was 1 employee during the year ended 31[st] May 2022 (31[st] May 2021 there were no employees). No Trustee received any remuneration or any other benefit from his/ her trusteeship with the charity in the year (2021; N/a). No Trustee received payment for professional or other services supplied to the charity (2021; £Nil).

Page 17

DocuSign Envelope ID: A60096B4-3B52-4C1D-85F5-026C064D83A8

Portadown Cares Limited Company limited by guarantee

Notes to the financial statements

Year ended 31[st] May 2022

18. Limited by guarantee

Portadown Cares Limited is a company limited by guarantee and accordingly does not have any share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £10.00 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

Page 18