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 dir￿1 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 ind￿allOn
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 reStr￿ted 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-