**Company registration number NI656920 (Northern Ireland) Charity registration number NIC 107955 (Northern Ireland)** ## **PORTADOWN HERITAGE TOURS** **(A COMPANY LIMITED BY GUARANTEE)** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025** ## **PORTADOWN HERITAGE TOURS (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr GW Laverty Mr WD Partridge Mrs SE Branyan Mr M Whitehead (Appointed 10 November 2025) **Secretary** Mr M Whitehead **Country of incorporation** United Kingdom NI656920 (Northern Ireland) **Charity registration** Northern Ireland NIC 107955 **Registered office** 6a Carleton Street Portadown Craigavon Co Armagh BT62 3EN **Independent examiner** GMcG PORTADOWN 17 Mandeville Street Portadown Craigavon Co Armagh BT62 3PB ## **PORTADOWN HERITAGE TOURS (A COMPANY LIMITED BY GUARANTEE) CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Independent examiner's report|3 - 4| |Statement of financial activities|5| |Balance sheet|6| |Notes to the financial statements|7 - 13| **PORTADOWN HERITAGE TOURS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025** The trustees present their annual report and financial statements for the year ended 30 September 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 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 (FRS 102)" (effective 1 January 2019). ## **Objectives and activities** The objectives of the charitable company are set out in the Memorandum of Association. The main purpose is to promote, further or support any purpose for the benefit of the community in the Portadown and surrounding area, and in particular: - To advance the education of the public concerning Orange history, culture and traditions, the military traditions and the heritage and industrial legacy of Portadown and the surrounding area with a view to securing appreciation and understanding of said heritage and traditions by means of outreach through exhibits, digital outputs research, study, historical talks and community outreach or other such means charitable in law for the benefit of the youth and general public. - To foster a sense of community by: - (a) facilitating organisations, interest groups, and individuals to participate in discovering and preserving knowledge, encouraging and celebrating a sense of place, civic pride and ownership and appreciation of all aspects of Orange, local military and the industrial heritage of Portadown and surrounding area; (b) supporting strong inter-community relationships; and - (c) fostering social, environmental and economic regeneration in the local area and along the heritage tour areas in particular. The trustees have paid due regard to guidance issued by the Charity Commission for Northern Ireland in deciding what activities the charitable company should undertake. ## **Achievements and performance** During the year to 30 September 2025 the charitable company received funding, donations and undertook walking tours and held events to promote the rich local history of the area. Family fun days, talks, exhibitions, big breakfasts, military fairs and the Ulster Scots Summer School have once again proved to be popular. Research was carried out on the impact of Carleton Street Orange Hall on Portadown and surrounding areas as it celebrated 150 years of rich heritage. This led to community outreach and engagement, a very successful exhibition and wide reaching community celebrations. The exhibition included a special visit from local primary school children. Overseas visitors included a number of American families visiting the birthplace of their ancestors as well as other visitors tracing family members. There has been continued outreach and involvement with community groups through exhibitions, history talks and walking tours. There has been engagement with Armagh, Banbridge and Craigavon Council as it surveyed constituents and local groups to put in place a comprehensive ten year Heritage Strategy. Volunteers continue to research local residents who fought in the World Wars, the contributions of those on the home front and the effects of these periods on the life of the town. All our work is carried out on a wholly voluntary basis with input from young people, working aged folk and retirees. - 1 - PORTADOWN HERITAGE TOURS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUEO) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Financial revlew The charitsble company's financial resutts are sel out in detsil on pages 5-13. There is an overall surplus of funds for the year of £10,00812024 - £2,102 deficill. Accumulated funds consist deficit of unrestricted fiJnds of £3,572 and surplus of restricted funds of £5,575. structure. governance and management Portadown Heritage Tours is a charitable company limited by guarantee. The charf(able company is governed by ils Memorandum and Articles ofAssociation dated 7 November 2018. The charitable company was registered with the Charity Commission for Northern Ireland on 17 May 2021. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the dale of signature of the financial slalemenls were.. Mr GW Laverty MrWMcClean Mr WD Partridge Mrs SE Branyan Mr M Vvhilehead (Resigned 10 November 20251 (Appointed 10 November 2025) Under the requirement of the Memorandum and Articles of Association, directors S￿ appointed and retire by rotslion every three years al the annual general meeting. None of the trustees have any beneficial interest in the charitsble company. In the event of the charitsble company being wound up, members are required lo contribute an amount not exceeding £10. Organlsatlon The day lo day running of the charitable company is overseen by the trustees. Reseries The trustees aim to maintain a level of reserves, sufficient to service those costs which are incLned irrespective of the charitable activities carried out in a period. The trustees consider a level of £5,000 lo be appropriate. In preparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. Registered Office.. 6a Carfelon st￿et Portadown Craigavon Co Armagh BT62 3EN Charity Registration No.. NIC107955 Company Registration No.. N1656920 The trustees, repo was approved by the Board ofTruslees. Mr WD Partridg Trustee Dated.. CIIAKTERED ALCOUNTANTS PORTADOWN HERITAGE TOURS (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PORTADOWN HERITAGE TOURS I report to the trustees on my examination of the fin8n¢ial 51alemenls of Portadown Heritsge Tours Ilhe charitable company) foi the year ended 30 Septetnber 2025. Responsibilities of trusteès and examiner As the charity Iruslees land also the diie¢lor5 of the company lor the purposes of company lawl you arè iesponsible for the preparation of the finar)cial statements in accordance with the requirements of the Companies Act 2006. It is my rèsponsibility to.. examine the financial statetnen15 under section 65 01 the Chaiilies Act., follow the pioTrduies laid down in the general Diie¢lions given by the Charty Cotnmi5sion for Northern Ireland under section 6519llbl of the Act,. ar)d stale whether particular matters have oome lo my allenlion. Basis of independènt èxaminerf5 report I have completed my examination. I confirm that no matters have come lo tny attention in connection with the examination giving me CaLEse lo believe that in any material respèd.. accounting records werè not kept in respect of the charitable company as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records., or the Iinancial statements do not ¢Otnply with the accounting requiretnents of section 396 of the Companies Act 2006 other than any requirement that the financial statetnents give a true and fair view, which is not a matter considered a5 part ol an ir)dependent examination, or the finan¢ial statements have not been prepared in accordance with the methods and principles of the Statement ol Recommended Practi￿ for accounting and reporting by charities applicable to charities preparing their financial 5talernents in accordants with the Finanoial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. X7 Mandeirylle Street Portadow CraiKavon BT62 3PB Alfred House 19Alfred Street Jlolfasi IIT2 8FQ CenturyFIouso 40 CresL'ent Business Park Lisburn sr28 2GN Tel=+44 (0)28 3833 28oA Tel.. +4410128 9031 1113 Tel: +4410128 9260 7855 | R￿￿er￿A￿ditor5 i thirte￿Jr1X￿￿ | | C￿￿LIeF]￿n￿￿AdVWr GM(C&satsadiDBnan￿o(GNicGGrOUpIj￿jIed. R￿N￿..NIO59f￿.L￿ofE￿rg{1orslval11b1t*1￿Ittrtd(ffi(* ReE&￿e￿ltOC￿ndurt1￿tWllrkb￿the1nY￿DIl¢0f￿￿rte[*]A1rA)uRl4ntsh￿ lttl&rtd AmeMb￿r￿tTlAC -A PORTADOWN HERITAGE TOURS IA COMPANY LIMITED BY GUARANTEEI INDEPENDENT EXAMINER'S REPORT ICONTINUED) TO THE TRUSTEES OF PORTADOWN HERITAGE TOURS Independant examIne￿S ststemènt I have no conTrrns and have come across no other matters in connection with the examination to which attention should be drawn in this rèport in older lo enable a proper understanding of the financial statetllents lo be reached. Gillian Johnston ACA GMCG PORTADOWN Chartered Accountant 17 Mandeville Street Portadown Craigavon Co Arm8gh 8T62 3PB Dated.. 26 June 2026 ## **PORTADOWN HERITAGE TOURS (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2025** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
-
-
Charitable activities
**3**
10,515
11,792
**Total income**
10,515
11,792
**Expenditure on:**
Charitable activities
**4**
3,976
8,323
Transfers between
funds
**8**
-
-
**Net income/(expenditure) for**
**the year/**
**Net movement in funds**
6,539
3,469
Fund balances at 1
October 2024
(10,111)
2,106
**Fund balances at 30**
**September 2025**
(3,572)
5,575|**Total**
Unrestricted
Restricted
funds
funds
**2025**
2024
2024
**£**
£
£
-
9,580
-
22,307
840
3,340
22,307
10,420
3,340
12,299
9,849
6,013
-
4,111
(4,111)
10,008
4,682
(6,784)
(8,005)
(14,793)
8,890
2,003
(10,111)
2,106|Total
2024
£
9,580
4,180
13,760
15,862
-
(2,102)
(5,903)
(8,005)| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 5 - PORTADOWN HERITAGE TOURS IA COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 30 SEPTEMBER 2025 2025 2024 Notes Flxed assets Tangible assets Current assets Debtors Cash at bank and in hand 1,880 2,191 10 531 3.701 1,389 603 4,232 1.992 Creditors". amounts falllng due within one year 11 14,1091 112,1881 Nel current assetsl(liabilitiesl 123 110,196) Totsl assets less current liabilities 2,003 {8,005) Income funds Restricted funds Unreslricled funds 5.575 13,5721 2,106 110,111) 2,003 18,0051 The charitable company is entitled to the exemption from the audit requirement contsined in section 477 of the Companies Act 20C6, for the year ended 30 September 2025. The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records which comply wth section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the charitable company as al the end of the financial year and of its incoming resources and application of resources. including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which othen￿lSe comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable lo the charitable company. The members have not required the company lo obtain an audit of its financial slalemenls for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable lo companies subject lo the small companies regime. The finanapl ststements were approved by the trustees on 2G Mr WD Partrid Trustee Company Rogistration No. N1656920 **PORTADOWN HERITAGE TOURS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 30 SEPTEMBER 2025** ## **1 Accounting policies** ## **Charity information** Portadown Heritage Tours is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 6a Carleton Street, Portadown, Craigavon, Co Armagh, BT62 3EN. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 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 (FRS 102) (effective 1 January 2019)". The charitable company is a Public Benefit Entity as defined by FRS 102. The charitable company has taken advantage of the provisions in the SORP for charities by applying section 1A of FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company. ## **1.4 Incoming resources** Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. - 7 - **PORTADOWN HERITAGE TOURS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** ## **1 Accounting policies (Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefit will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. ## (i) Charitable activities This comprises all the resources applied by the charitable company in undertaking its work to meet its charitable activities. ## (ii) Goverance costs Goveranance costs include the costs of governance arrangements which relate to the general running of the charitable company. Where costs cannot be directly attibuted to particular headings, they have been allocated to activities on a basis consistent with use of the resources. ## **1.6 Tangible fixed assets** Tangible fixed assets are initally measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis: Computer & other equipment 20% reducing balance Computer equipment 3 years straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. - 8 - **PORTADOWN HERITAGE TOURS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025** ## **1 Accounting policies (Continued)** ## **1.8 Financial instruments** The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charitable company’s contractual obligations expire or are discharged or cancelled. ## **1.9 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.10 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Income from donations and legacies** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2025**|**2024**| ||**£**|**£**| |Donations and gifts|-|9,580| - 9 - **PORTADOWN HERITAGE TOURS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2025** ## **3 Charitable activities** |Tour income
Badge and booklet sales
Events income
Performance related grants
Other income
Analysis by fund
Unrestricted funds
Restricted funds|**2025**
**£**
4,190
431
5,784
11,792
110
22,307
10,515
11,792
22,307|2024
£
665
-
175
3,340
-| |---|---|---| |||4,180| |||840
3,340| |||4,180| **4 Charitable activities** |Staff costs
Insurance
Event costs and refreshments
Advertising and promotion
Professional fees and research
Room hire
Share of support costs (see note 5)
Share of governance costs (see note 5)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2025**
**£**
-
287
4,112
1,111
75
1,220
6,805
2,978
2,516
12,299
3,976
8,323
12,299|2024
£
1,776
219
3,253
1,000
1,070
750| |---|---|---| |||8,068
5,286
2,508| |||15,862| |||9,849
6,013| |||15,862| - 10 - ## **PORTADOWN HERITAGE TOURS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2025** ## **5 Support costs allocated to activities** |**Support costs allocated to activities**||| |---|---|---| |Staff costs
Office costs
General expenses
Payroll and training support
Depreciation
Insurance
Governance costs
**Analysed between:**
Charitable activities|**2025**
**£**
-
2,260
168
-
470
80
2,516
5,494
5,494|**2024**
**£**
761
2,146
448
960
825
146
2,508| |||7,794| |||7,794| ## **6 Trustees** None of the trustees received any remuneration from the charitable company for services acting as a trustee during the period. ## **7 Employees** The average monthly number of employees during the year was: ||**2025**|**2024**| |---|---|---| ||**Number**|**Number**| ||-|1| |**Employment costs**|**2025**|**2024**| ||**£**|**£**| |Wages and salaries|-|2,108| |Social security costs|-|88| |Other pension costs|-|341| ||-|2,537| ## **8 Transfers** In the prior year, an amount of £4,111 was transferred from restricted funds to unrestricted funds to reflect the release of funds where the restriction no longer applied. - 11 - **PORTADOWN HERITAGE TOURS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2025** |**9**
**Tangible fixed assets**
**Cost**
At 1 October 2024
Additions
At 30 September 2025
**Depreciation and impairment**
At 1 October 2024
Depreciation charged in the year
At 30 September 2025
**Carrying amount**
At 30 September 2025
At 30 September 2024
**10**
**Debtors**
**Amounts falling due within one year:**
Grants due
**11**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income|**Computer &**
**other**
**equipment**
**£**
6,796
159
6,955
4,605
470
5,075
1,880
2,191
**2025**
**2024**
**£**
**£**
531
1,389
**2025**
2024
**£**
£
1,265
4,673
-
1,000
2,844
6,515
4,109
12,188|**Computer &**
**other**
**equipment**
**£**
6,796
159
6,955
4,605
470
5,075
1,880
2,191
**2025**
**2024**
**£**
**£**
531
1,389
**2025**
2024
**£**
£
1,265
4,673
-
1,000
2,844
6,515
4,109
12,188| |---|---|---| |||6,955| |||4,605
470| |||5,075| |||1,880| |||2,191| |||**2024**
**£**
1,389| |||2024
£
4,673
1,000
6,515| |||12,188| - 12 - **PORTADOWN HERITAGE TOURS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2025** ## **12 Analysis of net assets between funds** ||**Unrestricted**|**Restricted**|**Total**| |---|---|---|---| ||**funds**|**funds**|| ||**2025**|**2025**|**2025**| ||**£**|**£**|**£**| |**At 30 September 2025:**|||| |Tangible assets|90|1,790|1,880| |Current assets/(liabilities)|(3,662)|3,785|123| ||(3,572)|5,575|2,003| ||**Unrestricted**|**Restricted**|**Total**| ||**funds**|**funds**|| ||**2024**|**2024**|**2024**| ||**£**|**£**|**£**| |**At 30 September 2024:**|||| |Tangible assets|85|2,106|2,191| |Current assets/(liabilities)|(10,196)|-|(10,196)| ||(10,111)|2,106|(8,005)| ## **13 Related party transactions** There were no related party transactions during the year. - 13 -