MAINSTAY DRP
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted Restn'cted
funds
funds
2023
2023
Total
Unrestricted Restricted
funds
funds
2022
2022
Total
2023
2022
Notes
Income and endowments from:
Donations and
legacies
Charitable activities
Investmenls
Other income
74,055
4,122,657
4,600
6,000
74,055
490,473 4.613,130
4,600
6,000
149,639
3,815,920
149,639
541,816 4,357.736
Total income
4,207,312
490,473 4,697,785
3,965,559
541.816 4,507,375
enditure on:
Charitable activities
3,775,665
489,513 4.265,178
3,800,710
541,816 4,342.526
Net income for the yearl
Net movement in funds
431,647
960
432,607
164,849
164,849
Fund balances at 1 April
2022
908,106
908,106
743,257
743,257
Fund balances at 31
March 2023
1,339.753
960
1,340,713
908,106
908,106
The statement of financial activities indudes all gains and losses recognised in the year.
All income and expenditure derive from continLting activities.
The statement of financial activities also complies with the requirements for an income and expenditu￿ account
under the Companies Act 2006.
14-

MAINSTAY DRP
BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
Notes
Flxed assets
Tangible a5S8Is
12
19.017
17.522
Current assots
Stocks
Debtors
Cash al bank and in hand
13
14
2,703
418.355
1.119.501
240.171
906.195
1,540.559
1.146.366
Creditors: amounts lalllng due within
one year
15
1218.863)
1255 782>
Net current assets
1,321,696
890,S84
Total as$ét$ le$s current liabilities
1.340.713
908,106
Income funds
Reslricled funds
Unreslricled funds
16
960
1339.753
908.106
1340.713
908,106
The finanrial slaternents were approved by the Truslees on 22 November 2023
Or P Moore
Trustee
Company registration number N1024793

MAINSTAY DRP
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Notss
Cash flows from operating a¢tivities
Cash generated from operations
21
214,259
644.287
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of langible fixed
assets
Investment income received
(11,553)
(3,636)
6,000
4,600
Net cash used in investing activities
(953)
(3,636)
Net cash used in rtnancing activities
Net increase in cash and cash equivalents
213.306
640,651
Cash and cash equivalents at beginning of year
906.195
265,544
Cash and cash equivalents at end of year
1,119.501
906,195
16-

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies
Charity information
Mainstay DRP Is a private company limited by guarantee incorporated in Northern Ireland. The registered
Offi￿ is 2 Cumulus Heights, Ballyvange, Downpatrick, Co Down, BT30 6￿.
1.1 Accounting convention
The financial statements have been prepared in accordance with the chaTIIy'5 Memorandum of AssoG131ion,
the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" ("FRS 102") and the Charities SORP "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 Ifeland (FRS 102)" (effective 1 January 2019}. The
harity is a Public Benefil Entrty as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of Ihe charity. Monetary
amount5 in these financial statements are rounded to the nearest £.
The financial statement5 have been prepared under the hislorical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
Al the time of approving the finar*cial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable fulure. Thus the Iruslees
continue to adopt Ihe going concem basis of accounting in preparing the financial statements.
1.3 Charitsble funds
Unreslricled 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 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.
1.4 Income
Income is recognised when the charity is legally er*tttled to it after ar*y performance conditions have been mel,
the amounts can be measured reliably, and il is probable that inGome will be received.
Cash donations are recognised on receipi. other donations are recognised once the charsty has been notified
of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donaticns received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a
third party, it is probable that a transfer of economic benefrts will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classffied by actlVlty- The costs of each activity are made up of the total of direct casts and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to Ihat activity. Shared costs which contribute lo more than one activity and
support costs which are not attributable to a single activity are apportioned be￿een those activilies 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 Ihe portion of the asset's use.
17

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies {Contlnued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and 5ubsequenUy measured al cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of assels less their residual values aver their
seful lives an the following bases..
Fixtures and fittings
Computers
Motor vehicles
200A per annum straight line
200/0 per annum straight line
200/0 per annum straight line
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds
and the Carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impaimient of fixed assets
Al each reporting end dale, the charity reviews the carrying amounts of its tangible assets to delemiine
whether there is any indicabon that those assets have suffered an impairmenl loss. If any such indication
exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss lif any).
1.8 Stocks
Stocks are staled at the lower of cost and estimated selling price less costs lo complete and sell. Cost
comprises direct materials and, where applicable: direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured Ihe lower of repla￿ment Gost and cost.
Net realisable value is the estimated selling price less all eslimated costs of completion and cosls to be
incurred in marketing, selling and distribution.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid
investments with original malurities of three months or less, and bank overdrafls. Bank overdrafts are shown
within borrowings in current liabilities.
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Sectior* 12
'other Financial Instruments Issues, of FRS 102 to all of rt5 financial instrumenls.
Financial inslruments are reGogni5ed in Ihe charity's balance sheet when the charity become5 paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offsel, 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 reali5e 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 Gost using the effeclive
interest method unless the aTrangement conslitules a financing Iransaclion, 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.
18-

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Accounting policies Icontinued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaclion 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 markel rate of interest. Financial liabilities classified as payable
wilhin one year are not amortised.
Debt instruments are subsequently Ca￿led al 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 wilhin one
year or less. If not, they are presented as non-current liabilities. Trade credrtors 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 charty's contractual obligation5 expire or are discharged or
cancelled.
1.11 Employee benefits
The cost of any unused holiday enlitlement 15 recognised in the perrod in which the employee's servitss are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or lo provide termination benefits.
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Rentals payable under operating leases, including any lease incentives received, are charged as an expense
on a straight line basis over the term of the relevant lease.
1.13 Operating leases
Rentals under operating leases are charged to the Statemenl of Financial Activities incorporating Income and
Expenditure Accounl on a straight line basis over the lease term.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the truslees are required to make judgements, estimates
and a55umplions about the c8rying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and olher factors that
are considered to be relevant. Actual results may diffe¥ from these estimates.
The estimates and underlying assumpiions are reviewed on an ongoing basis. Revisions to accounling
estimates are recognised in the period in which Ihe estimate is revtsed where the revision affects only that
period, or in the period of the revision and fvture periods where the revision affects both current and future
pefiods.
19-

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MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Investments
Unrestncted
funds
Totsl
2023
2022
Interest receivable
4.600
Other income
Unrestricted
funds
Totsl
2023
2022
Net gain on disposal of langible fixed assets
6,000
21

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Charitsble activities
Total
2023
Totsl
2022
Staff cost5
Depreciation and impaimient
Light & heal
Rent & rates
Insurance
Telephone & IT
Consumables
Advertising
Repairs
Printsng, postage & stationery
Vehicle expenses
Sundry expenses
Staff iraining
Bad debts
Agency costs
2,823,213 2,876,934
9,528
15,366
42,355
35,806
290,548
281.430
60,465
60,248
25,803
18,852
121,370
105,984
23,415
1,186
99,829
58,172
11,478
7,205
14,619
15,614
11,440
9,664
90,997
30,129
23,735
13,960
75,517
3,724,312 3,530,550
Share of support costs (see note 8)
Share of govemance costs (see note 8)
415,409
125,457
691.302
120,674
4,265,178 4,342,526
Analysis by fund
Unrestricted funds
Restricted funds
3,775,665 3,800,710
489,513
541,816
4,265,178 4,342,526

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Support costs
Support Governance
costs
Costs
2023
Support Governance
costs
costs
2022
Staff costs
Depreciation
Light & heat
Rent & rates
Insurance
Telephone
Computer expenses
Advertising
Repairs
Printing. postage &
stalionery
Donations
Sundry expenses
288,908
531
5,354
15,576
7,556
8,247
15,863
28,548
10,071
288,908
531
5.354
15.576
7.556
8,247
15.863
28,548
1Q,071
305,279
855
2,589
15,601
3,172
11,733
17.549
9,260
10.985
305,279
855
2,589
15.601
3,172
11.733
17,549
9.260
10,985
10,662
10,662
9,638
297,863
6,778
9.638
297.863
6,778
24,093
24.093
Audit fees
Legal & professional
8,100
117,357
8.100
117,357
9,000
111,674
9,000
111.674
415,409
125,457
540,866
691,302
120,674
811.976
Analysed between
Charitable aGtivities
415,409
125,457
540,866
691,302
120,674
811.976
Governance costs includes payments to the auditors of £8.1 DO12022- £9,000) for audit fees.
Trustees
During the year, the charity paid £35.24012022 - £Nil) for accountancy services provided by a firm owned by a
Trustee. There were no other transactions with trustees that are required to be disclosed.
10 Employees
The average monthly number of employees during the year was..
2023
Number
2022
Number
Residential and daycare staff
Administration and support
112
134
Total
121
141
-23-

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
10 Employees (Continued)
Employment costs
2023
2022
Wages and salaries
Social security costs
Other pension costs
2.790,389
257,329
64.403
2,877,656
240.581
63,976
3,112,121
3,182,213
The number of employees whose annual remuneration was more than £60,000
is as follows.
2023
Number
2022
Number
£60.001 to £70,000
£70,001 to £80,000
11 Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeable Gains Act 1992 to the extent that Ihese are applied to its charitable objects.
12 Tangible fixed assets
Flxlures aE5d
r￿ing
Computers Motor Vehicles
Total
Cost
Al 1 April 2022
Additions
Disposals
96,442
11,553
(31,509)
11,069
51,686
159.197
11.553
142.7591
(11,250)
Al 31 March 2023
76,486
11,069
40,436
127,991
Depreciation and impairment
Al 1 April 2022
Depreciation Charged in the year
Eliminated in respect of disposals
85,247
6.963
(31,509)
5,898
1,939
50,530
1,156
(11,250)
141,675
10.058
(42,759)
At 31 March 2023
60,701
7.837
40,436
108,974
Carrying amount
At 31 March 2023
15,785
3,232
19,017
At 31 March 2022
11,195
5,171
1,156
17.522
-24-