MAINSTAY DRP
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
In¢omo and endowments from:
Donations and legacies
Charitable activities
Investments
Other income
74.055
4,122.657
4,600
6,000
74,055
490,473 4.613,130
4.600
6,000
4,526,091
24.490
584.988
5.111,079
24,490
Totsl Income
4.550,581
584.988 5.135.569
4.207.312
490.473 4.697,785
Expenditure on:
Charitable activities
4.145,829
581.748 4,727,577
3,775.665
489.513 4.265.178
Total expenditure
4.145,829
581,748 4,727,577
3,775,665
489,513 4.265,178
Net income
404,752
3.240
407,992
431,647
960
432.607
Transfers betsveen
funds
4.200
14.200)
Net movement in
funds
408.952
(960)
407,992
431.647
960
432,607
Reconciliation of funds:
Fund balances at 1 Apnl 2023
1,339,753
960 1,340.713
908.106
908,106
Fund balances at 31 March
2024
1,748,705
1,748.705
1.339,753
960 1,340,713
The slalement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
12-

MAINSTAY DRP
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
13
12.277
19,017
Currènt a$s•ts
Stocks
Deblors
Cash al bank and in han
14
1S
2,818
667,361
1.385,063
2,703
418.355
1.119.501
2,055.242
1.540.559
Credilors.. amounts falllng duè within
on• year
16
1318.814)
{218,8631
Net current assets
1.736,428
1,321,698
Total assets le$$ current liabilities
1.748.705
1,340.713
Net assots axcluding pension liability
1,748,705
1.340.713
The lunds of the charlty
Restricted ncome fufxts
Unreslricl8d funds
18
960
1.339,753
1,748,705
1.748,705
1.340,713
The finan1￿1 slalemenls weTe approved by the trustees on ......
Dr P Moowe
Trustse
Company registration number N1024793 (Northem Ireland)
13-

MAINSTAY DRP
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
24
241.072
214,259
Investing activities
Purchase of tangible fixed assels
Proceeds from disposal of langible fixed
assets
Investment income received
(11,5531
6,000
4,600
24.490
Net cash generated fromllused In)
investing activities
24.490
19531
Net cash used in financing adivities
Net increase in cash and cash equivalents
265.562
213,306
Cash and cash equivalents at beginning of year
1,119.501
906,195
Cash and cash equivalents at end of year
1,385,063
1,119,501
14-

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charlty Infomiatlon
Mainstay DRP is a private company limited by guarantee incorporated in Northern Ireland. The register8d
office is 2 Cumulus Heights, Ballyvange. Downpatnck. Co Down, BT30 6WT.
1.1 A¢¢ountlng conventlon
The financial statements have been prepared in accordance with the charity's Memorandum of Association,
the Companies Acl 2006, FRS 102 "The Financial Reporting Slandard applicable in the UK and Republic of
Ireland" I'FRS 102") and the Charities SORP -Accounling 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 1021" leffeclive 1 January 20191. The
charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the chartty. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial ststements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
Al the lime of approving the financial statements. the Injstees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going Concern basis of accounb'ng in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the t￿SleeS in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or gfantors as to how Ihey may be used. The
purposes and uses of the reslricled funds are sel out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled lo it after any perfomiance 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 charity has beer) notified
of the donalion, 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.
1.5 Expenditure
Expenditure is recognised once there is a legal or construclive obligation lo transfer economic benefit lo a
third paty, 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 attribulable to a single
activity are allocated directly lo that acts'vity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single actiwty are apportioned between those activits'es on a basis
con51Stent with the use of resource5. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
15-

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies {Continued}
1.6 Tangible fixed assets
Tangible fixed assets are initially measu￿￿ at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to wrile off the cost or valuation of assels less their residual values over their
useful lives on the following bases-
Fixtures and fittings
Computers
Motor vehicles
20% per annum straight line
20°/o per annum straight line
20 % per annum straight line
The gain or loss arising on Ihe disposal of an asset is detemiined as the difference between the sale proceeds
and Ihe carying value of Ihe asset, and is recognised in the statement of finanual activities.
1.7 Impairment of fixed assets
At each reporting end dale, the charity reviews the carwng amounts of its langible assets lo dèteminé
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to detemine the extent of the impairment
loss lif any).
1.8 Stocks
Stocks are slated al the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable. direct labour costs and those overheads thal have been
incurred in bringing the stocks lo their present localion and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacemenl cost and cost.
Net realisable value is the estimated selling pnce less all estimated costs of completion and costs 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 wth banks. other short-term liquid
investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts ar8 shown
within borrowings in current liabilits'es.
1.10 Financial instruments
The charity has elected lo apply the provisions of Seclion 11 'Basic Financial Inslruments, and Seclion 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charivs balance sheet when the charity becomes party to the
contractual provisions of Ihe instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial stalements, when
there is a legally enforceable right lo 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.
16-

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (Continued)
Basic financial liabilities
Basic financial liabilities. including credrtors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction. where the debt instfument 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 subsequendy carried at amortised cost, using Ihe effective interest rale melhod.
Trade creditors are obligations to pay for goods or seNices 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.
Derecognltlon ol financlal Ilabillties
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.11 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 charity is demonstrably committed
to terminat8 the employmenl of an employee or to provide teminats.on benefits.
1.12 Reliremont 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 Statement of Financial Activities incorporaling Incorne and
Expenditure Account on a straight line basis over the lease term.
Critical accounting estimates and judgements
In the application of the charity s accounting policies. the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other
sources. The estimates and associated assumptions are based on hislorical experience and other factors that
are considered lo be relevant. Actual result5 may differ from these estimates.
The estimates and underlying assumptions are ￿vieWed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which Ihe estimate is revised where the revision affects only that
period, or in the period of the revision and futu￿ periods where the revision affects both current and future
periods.
17-

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critlcal accountlng estlmates and Judgements (Continuedl
Key sources of estlmatlon uncertalnty
Fixed assets
Thè annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset
and estimates of residual values. The directors regularly review these assel lives and change them as
necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical
condition of the assets concerned. Changes in asset lives can have a significant impact on depreciation and
amortisation charges for the period. Detail of the useful lives is included in the accounting policies.
Debtors
Short term debtors are measured at transaction price, less any impaimiènt. Impairment of such debtors
involves some estimation uncertainty.
Restricted and unrestricted funds
Judgement5 are made in relation to allocation of income and expenditure lo restricted and unrestricled funds.
The direclors consider it appropriate to allocate Ihese funds based on inlerpretation of donations received.
Income from donatlons and legacles
Unrestricled
funds
2024
Unrestricted
funds
2023
Grants
74.055
Income from charitable activities
UnrestTiCted Restrlcted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Services provided under
contract
other income
4,461,036
65.055
578,508 5.039.544
6,480
71,535
3.981.038
141.619
453,946 4,434.984
36,527
178,146
4,526,091
584.988
5,111,079
4,122,657
490,473 4,613,130
Income from investments
Unrestricted Unrestrlcted
funds
funds
2024
2023
Interest receivable
24,490
4,600
18-

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Other income
Unrestricted Unrestricted
funds
funds
2024
2023
Net gain on disposal of tangible fixed assets
6,000
Expendtturg on charitable activities
Charitable
activities
Charitable
activities
2023
2024
Direct costs
Staff costs
Depreciation and impaimient
Light & heat
Rent & rates
Insurance
Telephone & IT
Consumables
Advertising
Repairs
Printing, postage & stationery
Vehicle expenses
Sundry expenses
Staff Iraining
Bad debts
Agency costs
2,903,356
6,383
52,908
294,218
71,169
31.815
117.037
14,745
94.828
8.983
8.542
8,581
40.008
2,823.213
9,528
42,355
290,548
60,465
25,803
121,370
23,415
99,829
11,478
14,619
11,440
90,997
23,735
75,517
590.402
4.242,975
3,724,312
Share of support and governance costs {see note 8)
Support
Govemance
411.077
73.525
415,409
125,457
4.727.577
4.265,178
Analysis by fund
Unrestricted funds
Restricted fvnds
4,145,829
581,748
3.775.665
489.513
4,727,577
4,265,178
19-

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs allocated to activities
2024
2023
Staff costs
Depreciation
Lighl & heat
Rent & rates
Insurance
Telephone
Computer expenses
Advertising
Repairs
Printing. postage & stationery
Sundry expenses
Govemance costs
331,767
357
6,643
15,576
663
3,820
12,948
11,161
10,830
10,827
6,485
73,525
288,908
530
5,354
15,576
7,556
8,247
15,863
28,548
10,071
10,662
24,094
125,457
484,602
540,866
Analysed between:
Charitable activities
484,602
540,866
Govemance costs includes payments to the auditors of £8,100 {2023= £8,100) for audit fees.
Net movement in funds
2024
2023
The net movement in fvnds is ststed after charging/(crediting)=
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
Lossllprofit} on disposal of tangible fixed assets
8,100
6,740
8,100
10,058
(6,0001
10 Trustees
None of the truslees (or any persons connected wtth them) received any remuneration or benefits from the
charity during the year.
11 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Residential and daycare staff
Administration and support
104
10
112
Total
114
121
-20-

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11
Employees (Continued)
Employment cosls
2024
2023
Wages and salaries
Social security costs
Other pension costs
2.892,845
263,438
78,840
2.790,389
257,329
64,403
3,235.123
3,112,121
The number of employees whose annual remuneration was more than £60,000
is as follows-
2024
Number
2023
Number
£60,001 to £70.000
Remuneration of key management personnel
The total amount of employee benefits received by key management personnel is £406,257. The charity
considers its key management personnel to comprise of the Chief Executive Officer and the seNice
managers.
12 Taxation
The charity is exempt from income tax and capital gains tax to the extent that its income and gains are applied
for charitable purposes. No tax charge has arisen in the year.
13 Tangible fixed assets
Fixtures and
ffttings
Computers
Motor
vehicles
Total
Cost
At 1 April 2023
Disposals
76.486
15991
11,069
40,436
127,991
(599)
At 31 March 2024
75.887
11,069
40,436
127,392
Depreciation and impairment
Al 1 April 2023
Depreciation charged in the year
Eliminated in respect of disposals
60,701
4,800
{599)
7.837
1,940
40.436
108.974
6.740
{5991
At 31 March 2024
64.902
9.777
40.436
115,115
Carrying amount
At 31 March 2024
10.985
1.292
12.277
At 31 March 2023
15.785
3,232
19,017
21

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Stock5
2024
2023
Finished goods and goods for resale
2,818
2,703
15 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
614,933
4.453
47,975
320.077
5.215
93.063
667,361
418,355
16 Creditors: amounts falling due wlthln one year
2024
2023
Other taxation and social securtty
Trade creditors
Other creditors
Accruals and deferred income
79,659
63,577
17,860
157,718
51.385
59.747
14.840
92.891
318,814
218,863
17 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
78,840
64,403
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
-22-

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Re5trlcted funds
The restricted fiJnd5 of the chartty comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 April
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
Supporting People
The Community Foundabon
Northem Ireland Social Care
Council
578.508
(578.508)
960
19601
6,480
(3.240)
(3,2401
960
584,988
{581.748}
{4,200)
Previous year:
At 1 April
2022
Incoming
resources
Resources
expended
Transfers At 31 March
2023
Supporting People
The Community Foundation
Northern Ireland Social Care
Council
453,946
29.887
(453,9461
{28.927)
960
6,640
(6,6401
490.473
1489,5131
960
Ex
lanato
notes to the funds
Supporting people
The restricted funds for Supporting People relate to income provided to support Glienls to live independently in
supported housing facilities. For 2023124 financial year the fund was in deficit of £60,566 this was covered by
Mainstay DRP unrestricted funds.
The Community Foundation
The restricted funds for the Community Foundation relate to funds received to provide the 'Give My Head
Space Project,, This project provided a bespoke 8 month programme to 15 carers. The programme provided
carers with the tools to irnprove their physical. mental health and wellbeing, logether wilh a learning space to
improve their technology skills allowing them to link into or access fiArther advice and support.
Northern Ireland Social Care Council
The restricted funds from NISCC relates to training grants for care staff to achieve Level 2 & 5 Diplomas in
Health & Social Care.
Transfers
During the year, there were transfers of £4,200 from restricted funds lo unrestricted funds. £3,840 of this
relates lo expenditure that was misallocated to unrestricted funds in a previous year. The remainder of £360,
relates to additional income that The Community Fund are not requesting back, therefore reS￿ltIng in a
transfer to unrestricted.
23-

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Unrestricled funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2023
In¢orning
resources
Resources
expended
Transfers At 31 March
2024
General funds
1,339,753
4,550,581
14,145,829)
4.200
1,748,705
Previous year:
At 1 April
2022
Incoming
resources
Resources
expended
Transfers At 31 March
2023
General funds
908,106
4.207.312
{3.775.6651
1,339,753
20 Anatysis of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assetsllliabilities)
12,277
1,736,428
12,277
1.736.428
1,748,705
1.748,705
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 March 2023:
Tangible assets
Current assetsllliabilities}
19,017
1,320,736
19,017
1,321,696
960
1,339,753
960
1,340,713
21 Financial Commitments. guarantees and contingent liabilities
The charlty has granted a floating charge over all ils undertakings and its assets as security in relation to the
bank borrowings of a related paty, Mainstay DRM Ltd. The total bank borrowings of Mainstay DRM Ltd at
the balance sheet date were £667,215.
A portion of capital grants received may become repayable if the company fails to comply with the terms of the
letters of offer.
-24-

MAINSTAY DRP
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED>
FOR THE YEAR ENDED 31 MARCH 2024
22 Operating lease commitments
Lessee
At the reporting end dale the charity had outstsnding commilments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows-.
2024
2023
Within one year
Be￿een and five years
15,596
14,172
23,089
14,262
29,768
37,351
23 Related party transactions
The company has a common board of trustees and works closely with Mainstay DRM Ltd which shares the
charity's passion for providing accommodation and care and support to people who have a lèarning disability
and their fafflilies.
As at 31 March 2024 a balan￿ of £753 is owed from Mainstay DRM Ltd 12023 £1,382 owed to Mainstay
DRM Ltd). During the year the company rented a number of properties from Mainstay DRM Ltd for £227,904
12023.. £219,966). During the year Mainstay DRM Ltd also received service charge income of £11.19612023'.
£8,391) from Mainstay DRP.
24 Cash generated from operations
2024
2023
Surplus for the year
407.992
432,607
Adjustment5 for.
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impaimienl of tangible fixed assels
124.4901
{4.6001
{6,0001
10,058
6,740
Movements in working capital=
Ilncrease) in stocks
Ilncrease} in debtors
Increaselldecrease} in creditors
11151
(249,0061
99,951
{2.7031
{178,1841
{36.9191
Cash generated from operations
241,072
214.259
25 Analysis of changes in net funds
The charity had no material debt during the year.
-25-