Company Registration Number Charity Number Nl 054677 103420 Rosemount House Limited Company Limited by Guarantee Company reports and financial statements for the year ended 31 March 2023
Rosemount House Limited Company Limited by Guarantee Company reports and financial statements for the year ended 31 March 2023 Contents Trustees annual report lincorporaling the diiectorfs report} Independent auditoff s report 8-10 Statement of Fin8ncial Activities 11 Slalement of financial position 12 Statement of cash flows 13 Notes lo the Financial Statements 14-19 For the inform81ion of the tnjstees onty.- Detailed Statement of Financial Activities 21
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Dire¢torfs Report} for the ear ended 31 March 2023 The trustees. who are also the direclors for the purpose of company law. present their port and the financial stalemenls of the charity for the yèar ended 31 March 2023. Rèfèr&nce and admlni5trative d•talls Reglstered charity nam• Removl House Limited Charity r•glstratlon number 103420 Company re9lStratlon number Nl 054617 Principal offic and reglstered addTe8$ 424 Antrim Road Belfasl BT15 SGA Trustees Mrs Murphy. P Mrs Curtis. P Mrs Murtay. G Mr Turtey. M Mi Murphy. D Mr tlonaldson. A Mr McS%eney. D Auilltors Jamès B Kennedy & Co. Ltd. Chariered Accountants A 1 Boud)er Business Park Glenmachan Road Belfast Bank9rs Fitsl Trust Bank 1-15 Donegall Square Noth Belfast BT15GB Danske Bank Donegal Squarè West Belfast BT16JS
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Directorfs Reporti lor the ear ended 31 March 2023 Structure, Governance and Management The organisalion is a charitable organisalion recognised by HM Revenue & Customs and regt5tered wilh the Charities Commission foi Northern Ireland. As of 12th April 2005, the organisation has been registered as a charitable company limited by guarantee established under a Memorandum ofASs0aats which establ1srd the objedrves and po*ws of chaiilable company and is governed under its Articles ol Associalion. Appolntment of trust•os No peison shall become a member of the company unless.. lal thal person has completed an application lor membership a fo) approved by ihe directo(s Ibl direcloT5 have approved the application. Any person who is lIlIng to act as a director. aThJ is pemiiited by law to do so. may be appointed lo be a director. lal Ibl by ordinary resolution, or by a decisitsn of the directtsrs. In any case where. as a result of death, the company has no members and no directors, the pèrsonal representatNes of the last rnernber lo have died have the right, by noti in wriiityJ lo appoint a person to be a directoi. For the purposes of paragraph {21. where 2 or more members die in urcumslances rendering last to die, a younger member is deemed lo have survhved an older rnembei_ il Unrtain who was the Managèrnent Committ88 Mrs Murphy. P Mrs Curtis, P Mrs Murray. G Mr TLJdey, M Mr Murphy. D Mr Donaldson. A Mr Mcsweeney, D Chairwoman (Director) (Director) (DIClOrI (Di¢101) (Director) {Direclorl {Directorl All members volunteer their lime and skill lo the Managemenl Committee. no membei ceIVeS travel or olher expenses save that where a trustee is an employee of the company. hel she is remuneraled under Ihe temis of their employrnerrt rA)nlracl. Risk Management The Managetllènl Gotnrnittee have considered the major risks to which the tharity is exposed arKI have reviewed th¢)se risks and established 5yslerns and procedures to manage those risks. Major risks are identified and ranked in lemis of their potential impaci and likelihood. Major risks. for this purpose. are those thal tnay have a significant effect on the charity. Goveinanoe and tnanagemenl Finan Operations External Factors Legal & Regulation complianca Risks are reviewed on an annual basis to ensure Ihat adequale systems and procedutes are in plai?. Where appropriate. risks are covered by insurance. In assessing risk the management committeè iecognise that some areas of ourwork require the acceplance and management of risk, if our key objectives are to be achieved.
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Trustees. Annual Roport Ilneorporating the Directorfs Report) foi the ear ended 31 March 2023 Structure, Govgrnance and Management Assessments of need and llsks of all OLTrr residents is central to our support Senti and are aimed at detemiining whether or not our organisalion and support services can properfy meet the requirernenls of the semce user. Assessments of needs and risks are considered even before entry lo Rosemount House and throughout the peri(Kl of ocGupancy in that applicants musl continue lo meel our eligibility criteria 8nd if not met the applicant is referd lo an aliemative appropriate agency. The senior management team are involved in managing the areas of high risk on an oTrgoing basis through the implementation of our Risk Management Strategy ProceduS and Plans. lo t read in conjunction oui Risk Register & Risk Management Supporting Plan Ithe Risk Regisl8rl. Rlsk Manag8mènt Strategy Statement Under the "Accounting and Reporting by charits- Slalement of Recommended Practice" ISORPI the tmsteesl RH Board are required lor in the case of small charitable companies ale encouraged) to make a statement confirming that" .major risks lo which the charity is exposed, as identified by the trusteeslBoaril. have been reviewed and systems have been established to manage those risks." Major risks" are those which have a high likelih(Trod of occurring and, if Ihey occur. would have a severe impact on operational perfomance, airns ar objectives or reputai¢on of the d)arrty. All risks are monitoreil through our Finance Manager through reports to monthly Board meetings. As an example of a lesser risk. to prevenl slagnalion or hegemony new Board members werè appointed during the year. In addition to the above requiiementlbesl practi, "Supporting People" {NIHEI a150 requirè a"Fraud Action Plan" and that our documents have been approved by RH Board as part of our corporale govemance artangements. All of our'Risk Managernenl FratHework Documents" ale examined by our extemal auditors for consideration. further advices and. where required, appropriate aGtion. Objectivès, Actlvltles and Charity Misslon The company's objectives and prin(ip81 activities are= The company's objectives and prin(ipal activities are= To pursue the health and welfare of individuals suffering from alcoholism, alcohol related diseases and alcohol relaEed sècondary mental health pioblems thin Northem Ireland (the area of benefftl The provision of sUPPOrt for such individuals and their families The provision of residenisal alcohol-free accommodaiion for suth individuals wth the aim of supporting the development il their full potential as members of society (the target group in Ihe arèa of berfitl To enhance protection, health and lIbeing of vulnerable people wth the most cost*ffective of Supporting People resour5 The main objectives and activities for the year continued lo ft>cus upon the prevention of the misuse of alcohol and the recovery of those alGohol abusers. The strategies employed to assist the charity to meet these objectives inGlude the follong.. Provide a range of services whid) are reflective of relevant quality standards and address the potential problems ielated lo alcohol misuse. Focusing upon limiting the hatrn whicth comes with alcohol abuse. not only for the indivKlual but also their family. friends and the wider community Working in partnership with other agencies to secLwe the d&st range of seryices is available thal best match the needs of our dient population. Misslon Statement Rosemount House Committee is a regislere(l ¢haritable company established in 1988 with the aim of providing sh8118r and professionally supported accommodalion for those seeking conlinuing iecovèry from alcohol addiclion. %thich may also include secondary drug addiction ¥th associated men181 heatth issues. The putpose is to obtain and maintain for oui residènt's suitable Independent accommodation and eventual re-integration wiihin the comrnunrty. The frstorative" recovery programme is 18- 24 months. The House Is run on general AA prinuples induding, Ihe Iwelvè-step programme of Tecoverr. The prin(ipal funding sources for the (4)arity are currenuy by way of grant from the Northem Ireland HousiThJ Execuiive.. the adminislr81ing authority for Supporting People services in NorthÈm Ireland.
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) for the ear ended 31 March 2023 Achievements and performance In 2023. Rosemounl House persisted in providing cruoal SeNiS to those in need. Notably. referrals from April 2022 to March 2023 rose lo 54.. of those. there were 25 admissions. In Ihe same period. there were 25 discharges from the house. Rosemount House has faced extreme rises in costs due to the cost of living crisis, which has disproportionately affected those under 40, the charity sector and people at risk of addiction relapse. Wth 25 % of people surveyed by Britain Thinks acknowledging that they will reduce or cancel charitable donations. we are extremely grateful lo those who have supported us during this time. This year also brought unforeseen. large, additional costs in relation lo the upkeep of the former site at 2941296 Antrim Road, with mandatory work carried out to keep the site safe. As with the immediate post-pandemic years. we anticipale our services wll be more in demand due lo external laclors and knock-on eltecls from the crisis. Throughout 2022123, various organizations continued to support Rosemount House through donations and services provided for the benefit of the residents. Food donations were received from The People's Kitchen. Musgrave Cash & Cary. Lidl, and Tesco. Our appreciation extends to local businesses thal consislenlly contribute. The importance of health checks and therapeutic assistan is essential for maintaining a good quality of life in RMH. These services are provided by the following groups= Chest. Heart & Stroke Health Checks Monthly Podialry vistts from Mary at The Hub Fortnightly Psythialry Visits by Stephen Ctitchlow Bi-weekly sports programs in collaboration with Community Sport Nelwotk A 10-Week Person in Recovery Program led by David Surgenor George Hannaway housing officer monthly visils until January 2023. Equally vital are the educational and pastoral visits that enrich the lives of the residenls. We extend our gratitude lo the following groupslpeople.. Westcourt Centre visited and involved a school from England as well NBHA organise monthly Zoom meetings with the Manager Linked in with the Ashton Centre.. Sean Pollock training courses. driving theory etc. Pastoral Support visits trom The Vine Centre Monthly in-house Bingo sessions TCV gardener Wlliam in house weekly and putting the residents through their gardening qualifications. the result being a beautiful garden which is flourishing. Thanks to all who participated in looking after the garden.
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) for the ear ended 31 Marth 2023 We remain profoundly grateful lo Ihose who enable us lo provide these vital SeiCe5. A special mention goes to Supporting People. our primary funder. whose assistance ensures the sustainability of Rosemount House. Our gratitude also extends to North Belfast Housing Association, our landlord. for their indispensable role in essential and emergency repairs. Most importantly, a heartfelt thank you to all staff, from volunteers to management. The colleclive efforts of the entire leam ensure that Rosemounl House effeclively serves the alcoholic. Their daily dedication ensures the house operates smoothly and provides the highest level of support to its residents. To all who have supported us thus far, and to those who left in 2023. we exlend our best wishes. In 2023 we would like lo say a special thank you to the departing Malachy Turley who has given years of service to the house. Without Malachy. Rosemount House would not be in Ihe positson il is today lo shelter and serve those in need. For many, many years he has been involved in the establishment of the house, its upkeep and securing ils future. Another member of staff who left last year was Gery Mcllhennon. Gerry too has been part of RMH for many years and he has given sterling service. We continue lo look and plan ahead and have developed a Strategic Plan for the 2023-2026 period. The document was prepared by Michael Cunningham of S3Solutions with input from the residents {pasUpresentl, staff, management leam and recently expanded board. Mr Cunningham conlinues lo work with Rosemounl House lo implement Ihe plan and offer training. The plan and its implementalion werefunded by The Community Foundation Northern Ireland, through the Transfomiation & Growth project. Lastly. to the residents of Rosemount, rest assured that Rosemount House. in collaboralion with the aforementioned partners. will steadfastly support yourjoumey of recovery. Patricia Murphy Chairperson of Rosemount House Ltd
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Directorfs Report) for the year ended 31 March 2023 Flnanclal revlew The surplus for the year was £10,70212022 £18.568) aThJ ihe tharity fund balan carrd forwaril is £249.308. The Statement of Financial Activities for the yèai is detailed on page 11. ReseNes pollcy and going concern The management cotnrnitlee has examined the charily's fequirements for serveS in light of Ihe main risks to ihe organisation. Most charity funds ale spent in the short term therefore finance for loThJ tem reserves is at a minimum. However, it has established a policy whereby the unrestricted funds not commilted or invested in rtxed assets hekl by the charity should be the equivalent of 3 months of Ihe expenditure. The reserves are needed to meet the working capital requiremenls of the tarity. Against thè background of lirniled resources. it has continued to be difficult to plan arKI develop services.. our strategy is to build resetve5 25% of the annual bijdget. through planned operational surpluses. Tr management commiltee is well awa that it is unlikely that the largel ran9e can be reached for al least 10 years. In the short term the managemenl commitlee has also consldered the extent lo vthickn existing activities and expeThjibj coukl be curtaid. shoukl Ihe ri1cmstanceS arise. Flnancial Risk Managem8nt Given the nature of its operations. the chartty is not srgnificanlty exposed to price risk, fofeign exd)ange risk or creilil rr5k. Nor are liquidity or interesl rate risks of COnM while the charity has no borr¢iwings on which interest is accruing. Surplus funds are invested in the short-term bank deposst accounts. Trustees. responslbllltles statement The Iruslees. who are also directors for ihe purposes of company law. arè reStn51b for preparing the trustees, report and the financial s18lements in accordance wlh applicable law United Kirwom A¢counh'ng Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees lo piepare finanual statemenls for each year which give a true and fair view of the slate of affairs ol the charitabFe company and the incorning resource5 an application ol resources, induding the income arKI expenditure, lor that period. In preparing these finanaal staternenls. the Iiustees are required lo.. select suitable accounting poliues and then apply them consi5tenity', observe the tnelhods and principles in the applicable Charities SORP". make judgements and accounting estimates that are reasonable and prudent- prepare the financial slalemenls on the going concem basis unkss it Is inapprowiate lo presume that the chartiy wll ¢onlinue in business. The Irustees are responsible lor keeping adequate accounting records that are suifiaenl to show and explain the charity's transactions and disclose wth reasonable accuracy al 3ny lime the finanual positionof the charily and enable them lo ensure that the financial statements comply wth the Companies Act2006. They are also responsibk for safeguarding the a55els of the charity and hence for taking reasonable steps for prevenlK)n and detection of fraud and other irregularities. Auditor Ea¢h of the person5 who is a Iruslee al the dale of approval of Ihis pOrt confiTrnS Ihat.. so far as they are aware. there is no relevant audit inforrnation of vthich the chariivs auditor is UnaWa- and they have taken all steps thal they ought to have taken as a trustee to make ItrErrtselves aware of any relevant a111 information and to eslablish (hat the charilWs audstor is awarè of that infotmalion. Small company provlslons This port ha5 bèen prepaied in aCcOrdar wth the provssions applicable to companies enlilled lo Ihe small cornpanies, exemption. Tha trustèès. annual report was approved and signed on behalf of ihe board ol trustÈè5 by.. Trust*8
ROSEMOUNT HOUSE LIMITED Company Llmlted by Guarante8 Independent auditorfs reportto the rnernbers of Rosemount House Limited for the year ended 31 March 2023 Opinlon on the financi•l stat•m&nts We have audile(S the finanual statements of Rosernount House Limited Ithe'thariWI for the year ended 31 March 2023 which comprise Ihe slaletllent of financial activities {including income and experKliture ac¢ountl. slatemenl of financial position. statement of cash flows and related notes, induding a surnmary ol significant accounting poliryes. The finanual porting framework that has been applied in their preparation is applicable law and Uniled KiThJdom Accounting Standards. Trnduding FRS 102 The Finaniial Reporting Slat)dard applicab in the UK and RepubliG of Ireland (Uniled Kin9dom Generally Ac(£pted Accounting Praciicel- This report is tnade solely to the charity's members, as a body. in aGGordan¢£ wtth Chapler 3 of Part 16 of the Companies Act 2006. Oui audit work has been undertaken so that we might state to the chanty's members ihose rnatlers we ale required to state lo Ihem in an audilorfs repori and lor no other puipose. To fullesl extent permrtted by law, we do not accept or assurnè responsibility lo anyone other than the charity and the charitls members as a body. lor our audil work. foi this report, or for Ihe opinions we have formed. In our opinion the financial slalemènts.. Give a Iiue and fair view of the stale ol Ihe d)ariVs affairs as al 31 Mar¢J12023 and of its inryjming resources aThY application of iesources. induding its income and expendilure. foi the year then ended.. Have been properly prepared in accordance wth Untted Kingdom Generally Accepted Accounting Practice" Have been prepared in aordanCe th the requirements Of the CoMpanS Acl 2006. Basls for opinion We conducted our audit in accordance wth International Standards on Auditing (UIQ (ISAS {UK}} and applicab law. Our responsibilities under those standarijs are further de5Gribed in the auditorfs responsibilities for the audit of Ihe financial slalernents section of our report. We are independent of the charily in accordance wilh the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and the provisions available for small entities, in the circumstances sel out below, and we have fulfilled our other ethical respons1.1rtles in aGcoidance wth these requirements. We believe that the audit evKlen¢e we have obtained is suffiiient aThJ appropriate to prwde a basis for our opinion. Conclusions rèlatlng to going concèrn We have nothir lo report in respect of the fo11tin9 matlers in relation to ISAS {UK} require us lo report to you vthere= The Iruslees, use of the going concem basis of accouniing in preparation of the financial stalernents rs not appiopriate., or The Iruslees have nol disdosed in the financial stalemenls any identified material UnrtaInlieS Ihal may (xst significant doubl about the charity's ability lo contirhue to adopt the going conr£m basis of accounting for a peri(xl of at least twelve months from the date %then the finan(ial statements are authotised for issue. oth•r Information The other information comprises the information induded in Ihè annual report, olher than the finan(ial statements and our audilorfs report thereon. The trustees are responsible for Ihe olher infortnation. Our opinion on the finanaal statements does not cover the other information and, except lo the extent otheNse expliriuy slated in our report. do not expiess any fomi of assurance conclusion theon. In conneGlion with our audit of the finan¢ial statements. our tesponsibiliiy is to read the other inftjtmation and. in doing so, consider whelhei the information is materially inconsistent wth Ihe financial stalemenls or our knovledge obtained tn the audit or otherwse appears lo be materially rnisstaled. If we identify such material inGonststerries or apparent material rnisstatements, we are required lo determine whether there is a material misstalemenl in the finan(ial statements or a material tnisstatement of the other Information. If. based on the work we have perfomed. condude Ihat thère is a material misslatemenl ofthis infomation. we are required lo report that fact. We have nothing lo rèport in this regard.
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Independent auditorfs reportto the members of Rosemount House Limited lor the year ended 31 March 2023 Opinlons on other matters prescrlbed by the Companl•s Act 2006 In our opinion, based on the work ulertaken in Ihe course of the audit.. The information given in the trustees. report for the finan(aal year forvthid) finanual slalements are prepared is consislenl with the financial slatements: and The Iwslees. report has been prepared in accordance th applicable al requrrernents. Matters on which we are required to report by exceptlon In the light of knoedge and understanding of Ihe charity arKI ils enVirOrrl obtsined in course of the audit. we hav& not identified material rni55tatètnents in the Iruslees. report. We have nothing lo report in respect of the followng matters in relation to which the Companies Act 2(M requires us lo report to you if, in our oplnion.. Adequate ac¢ounling records have not been kept, or retums adequate for our aLfvJit have not been rÈceived frorn branches not visited by u5., or The financial slalernenls are not in 3greemenl wlh the accounting records or relums- or Certain disclosures of Injstees, remuneration speijfied by law arè rt fflade- We have not received all the infoTrnalion and explanations we require for our aLwJil.' or The trustees were not entilled to prepare the finanaal statements in accordance vthh the small companies regime and lake advantage of the small companies. exemptions in preparing the direcfors. report and from the requirement to prepa a strategic reporl. Responsibilities of trustees As explained more fully in the Iwslees. responsibilities slatemenls. the truslees {V4tho are also the diredors for the purtM)ses of company lawl ale responsible for the Preparation of the financial stalernents aThJ for being satisfied that they g6ve a true and fair view, and for such internal control as the trustees deterrnine is necessary to enable the preparation of finanrial s(alernents that are free from tnaleiial rnisslaletllenl. whether due lo fraud or error. In preparing the Iinancial slaletnenls. the Iruslees are responsible for assessing the charitls abiliiy to continue as a going oorlcern. disdosing, as applicable. matters ielaled 10 90ing COnM and using the going conrn basis of accounting unless Ihe Iruslees either intend lo liquidate the chaiity 01 lo cease operations. or have no realislic allemative but to do so. Audltovs responslbllltl•s for thè audit of thè financial statements Our objectives are lo obtain reasonable assurance about whether the finanaal slalemenls as a are free Irom mateiial misstatement, whether due lo fraud or error, and to issue an audito¢s port that includes our opTrnH)n. Reasonable assurance is high level ol assuran, bul is nol a guarantee that an audil conducted in accordance wlh ISAS IUKI vill alvrays detect a material misstatement when it exists. Misslalements can arise from fraud or error and ale constdered maleri81 if. individually or in the aggregate, they could reasonably be expected to influence the economic decisFons of users taken on the basis of these finanaal statements. As part of an audit in accordance wth ISAS (UK), we exerose professional judgetnenl and maintain professional s(eptic¢sm throughout the audit. We also.. Identify and assess Ihe risks of material misstatemen( ol U)e financial statements. whether due lo fraud 01 error, design and perform audit procedures responsive lo those risks. and obtain audit evidence that is strffiaenl and appropriale lo provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraLNJ may involve collusion, lorgery, inlentional otnissi¢)n. misrepresentations. or the override of intemal controls. Oblair5 8n understanding of inlemal control relevant to the audit in order to design audit proceduies that are appropriate in the Gii¢umslances. bvt not for the purpose of expSsIng an opinion on the eflecJiver*ss of inlem81 control. Evaluate the appiopriateness of accounting policAes used and ihe reaSonablesS of accounting eslim3les and related disdosures made by the tru51ees.
ROSEMOUNT HOUSE LIMITED Company Llmited by Guarantee Independent auditor's report to the members of Rosemount Houso Limited for the year ended 31 March 2023 Conclude on the appioprialengss of the truslees. use of going ¢on(2m basis of accountiThJ and, based on the ay1t evidence obtained. whether a material uncertainly exisls related lo events or conditions that may cast significant doubl on the charills ability lo continue as a going concem. If we conclude that a material uncertainly eSts, we are required lo diaw atteniion in our auditorfs report to the related disdosure5 in the financial statements or. il such disclosures are inadequate. lo modify our opinion. Our condu5ions are based on Ihe audit evidence obtained up to the dale of our auditorfs report. However, future events or conditions may cause the chanty to cease lo continue as a aoino concem. Evaluate the overall presentation. strU¢tu and conlenl of the financial stalernents. including the disdosures, and whether the fjnancial statements represent the underfwng transactions and event5 Fn a manner thal a)Ve$ fair psentatIOn. We communicale with those charged ¥th governan regarding. among other matters, the planned scope and limirwj of the audit and significant audit findings. incIling any significanl deficien(xes in intemal control that we *Jentify during our audil. James nnedy FCA (Senior Statutory AlitorI Fora beha James B Kenne Co Ltd Chartered accountant & slalLrtory auditor Unil A1. Boucher Business Sludios Glenmachan Place Belfast BT12 6QH
ROSEMOUNT HOUSE LIMITED Company Llmlted by Guarantee Statement of Financial Activities for the ear ended 31 March 2023 Note LA]Stricted Funds Reslri¢ted Total Funds funds 2023 To131 Funds 2022 Incoming r•sourc&s Charitable activities Investment income Other income 221.057 305.046 $26.103 868 507.230 55 1.271 1.271 14.038 Total Income 223.1 305,046 528.242 521.324 Resources expended haiilable activities 216.793 300,747 517.540 502.756 Investment management costs Total resources expended 216,793 3(,747 517,540 502.756 Net incomin ou oin resources for the 6,403 10.702 18.568 Reconciliation of funds Total funds brought forward 323,417 184.8101 238,607 220.039 Total funds carrled loard 329,820 {80,S111 249,308 238,607 The statement of financial activities indudes all gains and losses in the year. All the above amounts relate to coniinuing aciivities.
ROSEI¥qOUNT HOUSE LIMITED Company Litnited by Guarantee ststement of Financial Position for the ar ended 31 March 2023 2023 2022 Fixèd ass&ts Tangible assets 12 160.744 172.623 Current a550ts Debtors 13 11,396 281,471 292.867 11.390 Cash al bank and in hand 261.071 272.461 Crodtiors: amounts falling due within onè y•ar 14 39.022 41.195 Net currènt assetsllllabllitiesl 253.845 231,265 Total assets less current Irabiliti•s 414.590 403,888 Credltors: amounts falling duè aftèr one year 15 Provlslons for liabilitres and chargès 16 165.281 165,281 Net assets 249,308 238.607 The Funds of the Charity Restricted Income funds 180,5111 329,820 184.8101 323,417 Unrestricted Funds Total Charity Funds 249,308 238.607 These finanual statements have been prepa in accordance wlh the specaal prowsM)ns for small companies under Part 15 of the Companies Act 2006. These finan(#al statements were approved by the tnjstees on 13 DertrEr 2023 and are svjned on their bèhalf by.. Mrs P Murphy Company Registration Number Nl 054617
ROSEMOUNT HOUSE LIMITED Company Limit8d by Guarantee Statement of Cash Flows lor the year ended 31 March 2023 Note 2023 2022 Cash flo from operating activities Nel cash used in operating activities 19,532 5,667 Cashflows from investing activilies 55 Cash flows generated from invesling activities 55 Change in cash and cash equivalents in the rinancial year 20,400 5,723 Cash and cash e uivalenls al be innin ol year 21 261,071 255,348 Cash and Cash equivalents at end of year 21 281.471 261,071 Analysls of cash and cash equlvalents Cash al bank 2nd on short tem deposrt". 21 281.471 261,071
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Notes to the Financial Statements for the year ended 31 March 2023 General infom)atlon The charity is a private company limited by guarantee, without share (xtmtal. It is a registered Charity in Nothem Ireland and the addsS of the regisleTed office is 424 Antrim Road, Belfast, BT15 5EU. Statement of eompllance The financial statements have been prepared in accordance wth the Compan$ Ad 2[. the Charilies Act (Northem Irelandl 2008 and Charities SORP IFRS 102}- Accounting and Reporting by Charities,. Statement of Recommended Practice applicable to chariiies preparing theii accounts in accorilance wtth the Financial ReportirwJ Standard applicable in the UK aTKI Republic of Ireland IFRS 102). Accountlng policies Basls of preparation The finanryal statemenis have been pwared on a going co[en basks following the Board's assessmenl of Rosemount House results for the year.. the year end finanual position.. the approved 2023124 budget arKI expecjed perfomance lor a period of 81 least 12 months from the dale of approval of the financial Statements. The Board believes the charily has adequate lunding in Pla along wilh the continued support from NIHE to Gontinue in operational existence in achieng ts objeciives. There is no material uncertainty aboul the abilily lo continue as a going Goncem. Functlonal and prèsentatlon currency The financial staternents are piepared in British PourKls IGBPI. This is fijnciional currency of the charity as the majoriiy of funds raised by the company are in GBP. Judgements and key sources of estimation uncèrtalnty The preparation of the finanrial slalements requires managernent to make judgemenls. eslim8les and assumptions that affect ihe amounts reported. These estimates and judgements are continually reviewed and are based on experienr£s arKI other factors. induding expedations of future events that a believed to be reasonable Lder the circumstances. Fund accountlng Unrestricted funds a available for use al the dis(xeb"on of the trustees to fvrther any of the chariiy's objectives. Designated funds are unfestricted fvnds eafrnatked by the trustees for parti¢wl81 futu projeds or commitment. Reslrided funds are subje¢t lo restrictions on their eypendituie dedared by ihe dorH)r or thrOJh the temis of an appeal. and fall into one of fv40 sub-classes.. reslrideil income funds or er¥lowment funds. IncomSng resource5 All incoming resources a induded in ihe statement of financial actiwiies enlitlemenl has passed to the charity,. it is probable that the economic benefits associated Mlh the trans8¢tion wll flow to the charily and the amount can be rèasonably rneasured_ The ft>llowng specAfic policies are appl to partIlIa[ categories of income.. income from donalions or grants is rècognised vthen the is eVen of entitlement to the gill. receipt is probable and ils amount can be measured reliably. legacy income is recogni5ed when ceipt IS Probable aF èntrtlement is established. income from donated goods is measure at the fair value of the goods unless this is impractical to measure Teliably. in vthich case the value is derived from thè cost to the donor or the estimated resale value. Donated facilib.es and services are recognised in Ihe accounts when received if the valuè can be liablY measured. No amounts are included for the contribution of general volunteers.
ROSEMOUNT HOUSE LIMITED Company Llmltod by Guarantee Notes to the accounts lor the year ended 31 March 2023 Accounting policias Iconvdl Resources •xpended Expenditure is recognised on an accrual basis as a liabiliiy is lncJJr. ExperNliiure incIleS any VAT which cannol be fvlly recovered and is dassthed undei headings of the slalemenl of nanCIal activities to vthich il relales.. expenditure on raising funds indudes the costs of all fundraisirKJ aGtivit*5. ever71s, rK)n-tharilable Irading aciiviiies. and ihe sale of donated goods. expenditure on charilable activities indtyjes all costs inCUrd by a d)arity in undertaking aciivities ihal fvrther ils charilable aim5 for th8 benefit of its benefiryaries. induding those support cosls and costs relaling lo the gtsvemance of th8 charrty apportioned lo charitable actiwlies. other èxpendiluie includes all expendtture Ihal is rlther Telated to raisiThJ fuThJs for the charity nor part of its expendiluie on charitable aclivities. All costs are allocated lo expendilure categories reflecting Ihe use of the resourcEs. Direct costs altribulable to a sing activity are allocated directly to that aclivily. Shared costs are apportioned between the acts"vtties they contribute lo on a reasonable, justifiable and consistent basis. Tanglble assets Tangible assets are initially recorded al cost, and subsequentty slated at cost less any accumulated depreciation and impaiment losses. Any tangible assèts Garried al revalued amounts are recorded at ihe fair value at the date of revaluation less any subsequent accumulaled depreciation and subsequent accumulaled impairment losses. An increase in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses, unless il reverses a charge lor impaimienl that has previously been recognised as expendituie within Ihe statemenl of financial activities. A decrease in the carying amount of an asset as a result of revaluation. is recognised in oiher Tecognised gains and losses. except lo which it offsels any pviouS revaluation gain, in vthith (xse thè loss is shovm within other recognised gains and losses on the statement ol finanaal activities. DeprecSatlon Depreciation is calGulaled as lo write off the cosl or valuation of an assel. less its residual value, over the usefijl en01¢ life of that asset as follows". Freehold buildings - Office fumiture. equipment and computer hardware Motor vehicles 2-5% 20-25% 25% Impairment of fixed assets A review for indicators of impairment is carried out at eath reporting date. with the recoveiable arnounl being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accoidingty. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impaimient testsng, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amounl of the cash-generating unit to whith the asset belongs. T1 cash-generating unil is Ihe smallest that indudes the asset and generates cash inftows that largely independent of the cash inflows from other assets or group of assets_ For impaiirnent testing of goodwill. the goothll acquiTed in a business combination is. from acquisition dale. allocated lo each of the cash-generaling units that are expecled to benefit frotn Ihe synergies of the combination, irrespective of whethèr other assets or liabilities of the charity are assvJned lo those units. Defined Contribution plans Contributions to defined contribution plans are reGr#Jni5ed as an expense in the period in Ithich Ihe related servi{£ is provKled. Ppaid conlrib(Jtions are recognised as an asset to the exlenl that the prepayment wll lead lo a r8ductiorb in fvture payments or a cash relund.
ROSEMOUNT HOUSE LIMITED Company Limited by Guaianlee Notes to the accounts for the year ended 31 Marth 2023 Accounting policiès Icont'dl Oefined ¢ontribution plans When contributions are nol eypecteil lo be Sett %¥tholty wthin 12 month5 of the end of the ieporting dale in %thid) the employees render the ielaled service, the IFability is measured on a dis¢ountÈd present vakje basi8. The unwinding of the discount is reoognisèd as an expense in the peri1 in which it arises. Unrestrlcted Funds Restricted funds 2023 2022 Ineomlng resources Charitable activitiès Conlradual income linduding fees) for opeialiorTral programmes Nl Housing Executive- Support Nl Housing Executive - Housing Nl Housing Executive- Addiiional Support Residents contribution Donations and fundraising 305.046 305.046 159.304 3,402 45,615 12,735 526,103 283,609 156,988 17,418 40,308 8,907 507,230 159,304 3,402 45.615 12,735 221.057 305.04fj Investment income Deposit account interest JI of the charity's inveslment incornp ari5e5 from interest ariThJ deFx>%t bank aux)unts 55 Other incomg Gian15 1.271 1.271 14.038 Charitabl? activitiès èxpended Unrestricted Funds Restrlctod fvnds 2023 2022 Activities undertaken directly Support costs Govemance 151.341 64,032 1.420 216.793 160,404 349,446 7.690 517,540 155.964 330.757 18,035 502.756 285.414 6.270 300,747 Support costs Staff salaries and wages Pension costs 326,767 19.984 312,573 17.707 Staff training offi costs 2,695 349.446 477 330,757 Governancè Audilois remuneration Professional and legal 6.600 1.090 7.690 6,000 10.035 16.035
ROSEMOUNT HOUSE LIMITED Company Limited by Guarantee Notes to the accounts lor the year ended 31 March 2023 2023 2022 staff costs The total staff costs and employee benefiis lor the reporting period are anatysed as follo.. Wages and salaries Employers NIC Pension plans Idefined conlribution benefiti 303,384 23.383 19,984 291,936 20,637 17,707 The average number of employees during this financial year Ere 17121Y22= 18} Thére were no employees whose total benefits lexdudiThJ employer pension costs) Ere greater than £30.LKJO in the curyent and preceding financial year. Trustee remuneration and expenses In the year under revirew no trustees We rernunerateil by tharity. 12 Tanglbl• flxed assèts Freehold premises Office fixlures Motor vehicles Total Acquisition cost Balance al 2022 Additions Disposals 2.953 23.715 27.784 348.452 Balance at 2023 296.953 23.715 27.784 348.452 Depreciation Balance al 2022 Charge for period Disposals 124.630 11.878 23.715 27.484 175,829 11,878 Balancè at 2023 136.508 23.71S 27.484 187,707 Net Book Value Balance at 2022 Balancè at 2023 172,323 160.444 300 300 172,623 160,744 The freehold premises relale to 294 and 296 Anlrim Rd. Belfast. 2023 2022 13 Debtors Prepayments and aGcrued incorne Other debtors 8.000 3.396 11.396 8,000 3.390 11.390
ROSEMOUNT HOUSE LIMITED Company Limited by Guaianlee Notss to the accounts for the year ended 31 March 2023 2023 2022 14 Creditors.. amounts falling du8 within onè yèar Creditors and accrued charges Tax and social security $1& Obligations to finance company Deferred project funds 29.902 32.075 9.120 39,022 9,120 41,195 Creditors.. amounts falling duè after one year Bank loan Obligations lo financè company Provislons for Ilabllltles and charges Option Fee 165,281 165.281 Rosemount House Ltd, had entered inlo an agreemenl wth Flax Housing Assoualion 10 Secure a partnership wlh the overall aim to establish a new women's hostel. Under the terms of the agreement the timÈtraffle for the Option to purthase has lapsed and the funds are repayable. The full option cost and assocjated fees have been set aside under the charitys nel assets. Analysls of net assets between funds All nel asset funds are hthout restriction and the Tnjslee's are of the opinion that sufficienl resources are held in an appropriate form to enable the charity to respond iapidty to unforeseen emergency situations. Balance at beginning of year Incoming rèsourt•s Resources expend8d Balance at end of y8ar 18 R8stricted Funds NI Housing Executive - Support 184,8101 305,046 (3(7,747) 180.5111 Unrestrlcted Funds General funds 323,417 223.196 1216.793) 329,820
ROSEMOUNT HOUSE LIMITED Company Limltad by Guarantee Notes to the accounts for the year ended 31 March 2023 2023 2022 20 Reconeiliation of changes In resources to net cash flow used In charitable activities Net income for Ihe finanrial year 10.702 18.568 Oepreciation on tangible assets Olher interest CeiVable arKI similac income 11.878 18681 17,366 1551 Decrease lincreasel in dèbtors Increase Idecreasel in creditOlS 19,0181 121,1941 Net cash used in charitable activiti0$ 19,$32 5.667 21 Anatysis of changes In net funds Cash al bank arKI on short tem deposit.. As at 1 April 261.071 255,348 Cash flows 20,400 5,723 As at 31 March 281,471 261,071