MAINSTAY DRP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restri¢ted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments from: Charitable activities Investments Other income 5.352,750 54,100 250 520,549 5,873,299 54,100 250 4.526.091 24,490 584,988 5,111,079 24,490 Total income 5,407,100 520,549 5,927,649 4.550,581 584.988 5,135,569 Expenditure on= Charitable activities 5,275,247 520.549 5,795,796 4.145,829 581,748 4,727,577 Total expenditure 5,275,247 520.549 5,795,796 4,145.829 581,748 4,727,577 Net income 131,853 131,853 404,752 3,240 407,992 Transfers between funds 4,200 14,200} Net movement in funds 131,853 131,853 408,952 19601 407,992 Reconciliation of funds: Fund balances al 1 April 2024 1,748.705 1,748,705 1,339,753 960 1,340,713 Fund balances at 31 March 2025 1,880,558 1,880,558 1.748,705 1,748,705 The slalement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 13
MAINSTAY DRP BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 12 40,672 12,277 Current assets Stocks Debtors Cash at bank and in hand 13 14 2,565 309,100 1.892,369 2,818 667,360 1,385,063 2,204,034 2,055,241 Creditors- amounts falllng due within one year 15 1364,1481 1318,8131 Net current assets 1,839.886 1,736.428 Total assets less current liabilities 1,880,558 1,748,705 The funds of the charity Unrestricted funds 19 1,880,558 1,748,705 1.880,558 1,748,705 The financial statements were approved by the trustees on Mrs R Gorrnan (Chairl Trustee Company registration number N1024793 (Northern Ireland) 14
MAINSTAY DRP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash generated from operations 23 490,188 241,072 Investing activities Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets Investment income received 137,232} 250 54,100 24,490 Net Gash generated from investlng actlvities 17,118 24,490 Net cash generated from financing activities Net Increase In cash and cash equivalents 507,306 265,562 Cash and cash equivalents at beginning of year 1,385.063 1,119.501 Cash and cash equivalents at end of year 1.892.369 1.385.063 15-
MAINSTAY DRP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting poll¢ies Charity inforrnation Mainstay DRP is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 2 Cumulus Heights. Ballyvange, Downpalrick. Co Down. BT30 6kn. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Memorandum of Association, the Companies Act 2006. FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102,1 and the Charities SORP 'Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" leffeclive l January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial slalements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concern Al the time of approving the financial statements, the Iruslees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial slatemenls. 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 lo how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the financial staternenls. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been mel, 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 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. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a third party, it is probable that a transfer of economic beneffls 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 dir1 costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs which contribute lo 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. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured al cost or valuation, nel ol depreciation and any impairment losses. 16
MAINSTAY DRP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 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 bases.. Fixtures and fittings Computers Motor vehicles 20 /0 per annum straight line 20°/o per annum straight line 20°/o per annum straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carying value of the asset. and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets Al each reporting end date, the charity reviews the carrying amounts of its tangible assets to delemine whether there is any indication that those assets have suffered an impairment loss. If any such indallOn exists, the recoverable amount of the asset is estimated in order lo determine the extent of the impairment loss lif any). 1.8 Stocks Stocks are slated 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 lo their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Nel realisable value is the estimated selling price less all eslirnaled costs of completion and costs lo 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-term liquid investrnents with original maturities 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 Inslrumenls. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the finar)cial statements. 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 inc5ude debtors and cash and bank balances, are initially measured at transaction price inc5uding transaction costs and are subsequently carried al arnortised 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 arnortised. 17
MAINSTAY DRP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continuedl Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured al the present value of the future payments discounted al 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 rale method. Trade creditors are obligations to pay for goods or setvices that have been acquired in the ordinary course of operalions 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-currenl liabilities. Trade creditors are recognised initially al transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities 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 terminate the employment of an employee or to provide termination benefits. 1.12 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense a5 they fall due. 1.13 Leases Rentals payable under operating leases, including any lease incentives received, are charged as an exper)se on a straight line basis over the tem of the relevant lease. 1.14 Operating leases Rentals under operating leases are charged lo the Slalement of Financial Activities incorporating Income and Expenditure Account on a straight line basis over the lease term. 18
MAINSTAY DRP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accounting estimates and judgements In Ihe application of the charity 5 accounting policies, the trustees are required to rllake judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslirnates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects lY that period, or in the period of the revision and future periods where the revision affects both current and future periods. Key sources of estimation uncertainty Fixed assets The 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 asset lives and change them as necessary lo 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 impaimenl. Impairment of such debtors involves some estimation uncertainty. Restricted and unrestricted funds Judgements are made in relation to allocation of income and expenditure to Testricted and unreslricled funds. The directors consider it appropriate lo allocate these funds based on interpretation of donations received. Income from charitable activities Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Services provided under contract Other income Less." deferred income 5,153.827 210,291 111,3681 520.549 5,674,376 210,291 111,3681 4.475,191 65,055 114,1551 578,508 5,053,699 6,480 71,535 114,155) 5,352,750 520.549 5,873,299 4,526,091 584,988 5.111,079 Income from investments Unrestricted Unrestricted funds funds 2025 2024 Interest receivable 54,10Q 24.490 19
MAINSTAY DRP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Other income Unrestricted Unrestricted funds funds 2025 2024 Net gain on disposal of tangible fixed assets 250 Expenditure on charitablo activities Charitable activities 2025 Charitable activities 2024 Direct costs Staff costs Depreciation and Impairment Light and heal Rent and rates Insurance Telephone and IT Consumables Advertising Repairs Printing. postage and stationery Vehicle expenses Sundry Staff training Agency costs 3,269,332 8,548 39,640 313,245 84,677 30,277 135,674 3,684 95,623 7,197 11,774 12,087 35,198 537,606 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 40,008 590,402 4.584,562 4,242,975 Share of support and governance costs (see note 7} Support Governance 1,136,024 75,210 411.077 73,525 5,795,796 4,727,577 Analysis by fund UrFrestricted funds Restricted funds 5,275,247 520,549 4,145,829 581,748 5,795,796 4,727,577 20-
MAINSTAY DRP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allo¢ated to activities 2025 2024 Staff costs Depreciation Light & heat Rent & rates Insurance Telephone Computer expenses Advertising Repairs Printing, postage & stationery Donation to Mainstay DRM Ltd Sundry expenses Governance costs 375,026 289 3,535 16,776 558 5,253 20,985 16.301 18,258 6.199 650,000 22.844 75,210 331,767 357 6.643 15.576 663 3,820 12,948 10,830 10.827 6.485 73,525 1,211,234 484,602 Analysed between: Charitable activities 1,211,234 484,602 Governance costs includes payments lo the auditors of £7,400 {2024.' £8,100) for audit fees. Net movement in funds 2025 2024 The nel movement in funds is staled after chargingllcreditingl.. Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets Profil on disposal of tangible fixed assets 7.400 8,837 12501 8,100 6,740 Trustees None of the trustees {or any persons connected with them) received any remuneration or benefits from the charity during the year. 10 Employees The average monthly number of ernployees during the year was. 2025 Nurnber 2024 Number Residential and daycare staff Administration and support 113 104 10 Total 122 114 21
MAINSTAY DRP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees {Continued) Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 3,256,743 294,839 92,776 2,892,845 263,438 78.840 3.644,358 3,235,123 The number of employees whose annual remuneration was more than £60,000 is as follows.. 2025 Number 2024 Number £60,001 10 £70.000 Remuneration of key management personnel The total amount of employee benefits received by key management personnel is £522,091. The charity considers its key management personnel lo comprise of the Chief Executive Officer and the service managers. 11 Taxation The charity is exempt from incorne lax 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. 22-
MAINSTAY DRP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tangible fixed assets Fixtures and fittings Computers Motor vehicles Total Cost At 1 April 2024 Additions Disposals 75,886 2,316 11,069 40,436 34,916 115,1491 127,391 37,232 126,2181 111,0691 At 31 March 2025 78,202 60,203 138.405 Depreciation and impairment Al 1 April 2024 Depreciation charged in the year Eliminated in respect of disposals 64,901 4,190 9,777 1,292 111,0691 40,436 3,355 115,1491 115,114 8,837 126,2181 Al 31 March 2025 69,091 28,642 97,733 Carrying amount At 31 March 2025 9.111 31.561 40,672 Al 31 March 2024 10,985 1,292 12,277 13 Stocks 2025 2024 Finished goods and goods for resale 2,565 2,818 14 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 165,331 8,338 135,431 614,932 4,453 47,975 309,100 667,360 -23-
MAINSTAY DRP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Creditors: amounts falling due within one year 2025 2024 Notes Other taxation and social security Deferred income Trade creditors Other creditors Accruals 73,298 12,808 129,853 23.579 124.610 79,659 14,155 63,577 17,860 143,562 16 364,148 318,813 16 Deferred incorne 2025 2024 Other deferred income 12.808 14,155 Deferred Income is included in the financial statements as follows.. 2025 2024 Deferred income is included within.. Current liabilities 12,808 14,155 Movements in the year.. Deferred income at 1 April 2024 Released from previous periods Resources deferred in the year 14,155 114,1551 12,808 14,155 Deferred income al 31 March 2025 12,808 14,155 17 Retirement benefit schemes 2025 2024 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 92,776 78.840 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. 24-
MAINSTAY DRP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Restricted funds The reslricled funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as lo how they may be used. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 Supporting People 520,549 1520.5491 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Supporting People The Community Foundatior) Northern Ireland Social Care Council 578,508 1578,508) 960 1960) 6,480 {3,240) 13,2401 960 584,988 1581,7481 14,2001 Ex lanato notes to Supporting people The restricted funds for Supporting People relate lo income provided to support clients to live irKlependenlly i supported housing facilities. For 2024125 financial year the fund was in deficit of £59,902. This was covered by Mainstay DRP unrestricted funds. The Community Foundation The restricted funds for the Community Foundation related to funds received lo provide the 'Give My Head Space Project,. This project provided a bespoke 8 month programme to 15 carers. The programme provided carers with the 10015 to improve their physical, mental health and wellbeing, together with a learning space to improve their technology skills allowing them lo link into or acces5 further advice and support. Northern Ireland Social Care Council The restricted funds from NISCC related to training grants for care staff lo achieve Level 2 & 5 Diplomas in Health & Social Care. Transfers There were no transfers in the year. In the prior year, there were transfers of £4,200 from reStrted funds lo unreslricled funds. £3,840 of this related lo expenditure that was misallocated to unrestricted funds in a previous year. The remainder of £360 related la additional income that The Community Fund were not requesting back, therefore resulting in a transfer lo unrestricted. 25-
MAINSTAY DRP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unreslricled funds by the trustees for specifsc purposes. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 General funds 1,748,705 5,407,100 15,275.247) 1,880.558 Previous year- At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 General funds 1,339,753 4,550,581 14,145,829) 4,200 1,748,705 20 Financial commitments, guarantees and contingent liabilities The charity has granted a floating charge over all its 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 dale were £595,004. A portion of capitsl grants received may become repayable if the company fails to comply with the terms of the letters of offer. 21 Operating lease commitments Lessee Al the reporting end date the charity had outstanding commitmenls for future minimum lease payments under non-cancellable operaling1eases, which fall due as follows.. 2025 2024 Within one year BetrNeen hvo and f1ve years 14,631 9,760 15.596 14,172 24,391 29,768 22 Related party transactions The company has a common board of tnjstees 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 learning disability and their families. As al 31 March 2025 a balance of £1,513 is owed to Mainstay DRM Ltd 12024 - £753 owed from Mainstay DRM Lldl. During the year the charity rented a number of properties from Mainstay DRM Ltd for £245,352 12024 £227,904) and Mainstay DRM Ltd also received service charge income of £10,52412024 £11,196) from Mainstay DRP. During the year, the charity made a donation of £650,000 lo Mainstay DRM Ltd. 26-
MAINSTAY DRP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Cash generated from operations 2025 2024 Surplus for the year 131,853 407,992 Adjustments for: Investment income recognised in slalernenl Df financial activities Gain on disposal of tangible fixed assets Depreciation and impairment of tangible fixed assets (54,100} 1250} 8,837 {24.4901 6,740 Movernents in working capital: Decreasellincreasel in stocks Decreasellincreasel in debtors Increase in creditors (Decreasellincrease in deferred income 253 358,260 46,682 11,3471 11151 {249,0051 85,795 14.155 Cash generated from operations 490.188 241.072 24 Analysis of changes in net funds The charity had no material debt during the year. -27-