MAINSTAY DRM LTD
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their annual report and financial statements for the year ended 31 March 2023.
The financial slalements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's Meniorandum of Association, the Companies Act 2006 and
"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their
accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102)" (effective 1 January 20191.
Objectives and activities
The main objectives of the charity are.
The provision of accommodation for clienls with learning disabilities andlor aLilism.
The trustees have paid due regard to guidance issued by the Charily Commission in deciding what activities the
charity should undertake.
Mainstay DRM Ltd was established lo..
Mainstay DRM ownslrents properties across the local area including the purpose built facility at Cumulus Heights.
lake over ownership and management of the propety of Mainstay DRP.,
provide strategic management services and guidance lo Mainstay DRP.,
provide residential, supported housing, respite and day care services for clients with learning disabilities
which facilitate the charilable aims of the organisalion through the leasing of assets to Mainstay DRP and
the use of the surplus arising from the property leasing and provision of management services by the
ompany being used in furtherance of the company's charitable objectives.,
protect the assets of Mainstay DRP for the wellbeing of the community at large,.
help maintain appropriate Reserves in Mainstay DRP in accordance wilh the Reserves policy and
secure additional funding.
The Cumulus Heights facility features residential homes, supported housing accommodation, a day
opportunilies service and a training and administra15ve centre. It provides a modern facility providing valuable
services for people with a learnin9 disability and their families.
Achievements and perfomance
As part Df 115 charitable aclivilies. Mainstay DRM provided the resources for 84 clien15 to lake part in the Beama
project IBelfasl Academy of Music & Arts). This involved leaching clients about technology. art and design including
how lo design their own individual logo and learning how lo DJ by mixing different music together. A Iolal of 84
clients were involved in the project from both community hub and external clients and resulted in 504 outcomes.
Outcomes were achieved in areas such as social engagement. enjoying an aclivily and having fun, learning a new
skill. recognising different types of equipment. All participants recorded that they would love lo take part again.
Financial roview
The resulls for the year are sel out in detail on pages 10 to 23. The Charity had net incoming resoLirces for the year
of £55.86912022. £424,292). At the year end cash at bank and in hand was £368,421 12022.. £320,6Q9}.
At 31 March 2023, the total funds of the charity amounted lo £3,325.77812022 - £3,269.9091 comprising restricted
funds of £IO.000 and unreslricled funds of £3,315.778. Funds lolalling £18.965 12022.. £18,965) have been
designated by the trustees for specific purposes. which are explained in more detail in note 19.
Unrestricted fund5 are considered lo be essential lo support the work of the charity in providing accommodation and
care and support to people who have a learning disability and their families. Unrestricted funds are also essential lo
provide sufficient funds lo cover any unforeseen costs which may arise and fulfil the legal obligations of the charity
in the event that current levels of income are not maintained.
Reserves Policy
The organisalion has a reserves policy which ensures it has unrestricted fund5 (cash reserves) not committed or
invested in fixed assets to provide for 3 months operating expenditure.

MAINSTAY DRM LTD
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Principal funding sources
The principal funding came by way of rental income from NIHE and from Mainstay DRP and various public
donations at identified in note 4 of the accounts.
Investment policy and objectives
Under the Memoranduni and Articles of Association, the charity has the power lo invest in any way the Iruslees
wish, however in formulating an investment policy, the charity has recognised that whilst it may have surplus funds
to invest, these may be called upon in the short term. The committee have therefore been prudent in its investment
strategy ensuring cash is not lied up in long term or non-secure deposils. The policy is lo maximise returns whilst
ensuring ongoing liquidity.
Plans for future periods
The charity is committed to the continued provision of suilable facilities for people with a leaming disability and their
families subject to suitable funding arrangements.
These facilities are critical for many local families who urgently need support, care and assistance.
Structure, governance and management
The charity is a company limited by guarantee incorporated on 22 March 2007 and registered as a charity on 20
February 2008. The company was established under a Memorandum of Association which established the objects
and powers of the charitable company and is governed under rts Articles of Association. In the event of the company
being wound up members are required lo contribute an amount not exceeding £1.
The trustees, who are a150 the directors for the purpose of company law, and who served during the year and up lo
the date of signature of the financial statements were..
Mr J E Gorman
Dr P Moore
MrsA Kerr
Mr P M Morrissey
Ms R M McNamee Walsh
(Resigned 13 JLily 20231
(Resigned 27 February 2023)
(Resigned 13 March 20231
Recruitment and appointment of trustees and rnanagement committee
At the first annual general meeting all the directors shall retire from office and al every subsequent annual general
meetir)g one director who is subject lo retirement by rotation shall retire.
The subscribers to the Memorandum and Articles of Association of the company and such other persons are
admitted to membership In accordance with the articles shall be members of the Company. No person shall be
admitted a member of the Company unless approved by the directois.
The day to ijay running of the charity is overseen by the charity committee, which includes the charity trustees.
Committee Member5
Mrs R Gorman
Dr P Moore
Mrs A Kerr
Mr J E Gorman
Mr D O'Donoghue
Ms J Caven
Mrs M Mccargo
Mrs R M McNamee Walsh
Mr C McKinney
Mr P M Morrisey
Mr R Todd
{Resigned 13 July 20231
(Resigned 13 March 20231
(Resigned 11 September 20231
(Resigned 27 February 20231

MAINSTAY DRM LTD
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI ICQNTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
Statem•nt of trustees. responsibilities
The Iruslees, who are also the directors of DAainsiay DRfvI Ltd lor the purptsse of company law. are responsible for
preparing the Trustees, Report and the financial ilalemen15 in accordance with applicable law and United Kingdom
Accounting Standards {Uniled Kingdom Gene(ally Accepted Accounting Practice j.
Company Law requires the Iruslees 10 prepare financial statements lor each financial year which give a true and fair
view of the slate of affairs of the charity and of the incoming resourcgs and application of resources. includin9 the
income aftd expenditure. of the Gharilable company for Ihal yeai.
In prep8ring Ihese financial slalemenls, the trustees are required lo..
select suitable accounting policies and then apply them consislenily.,
observe the methods and principles in the Charits'es SORP.,
make judg8menls and eslimales Ihat are reasonable and prudent., and
prepare Ihe financial slalemenls on the going concern basi$ ￿lesS il is inappropriate to presume that the ¢harily
will continue in operalion.
The Iruslees are responsible for keeping adequate accounting records that disdDse with reasonable accuraey at
any lime the financial posiliDn of Ihe charily and enable them lo ensure that the financial statements comply with the
Companies Acl 2006. They are also responsible for safeguarding the assets ol the charity and hence for laking
rèasonable steps foc the prevenlior) and detection of fraud and other irregularits'es.
Auditor
In accordance with the company's articles, a resolution proposing that GM¢G BELFAST bè reappointed as auditor
of the company will be pul al a General Meeting.
Dl$¢losure of infonnation to audltor
Each of the trustees has confirmed that there is no information of which they aro aware which 15 relevant lo the
audit. bul of which the auditoi is unaware. They have frjrther confirmed that they have taken appropriate steps lo
identify such relevant information and lo establish Ihal the audilor is aware ol such infoimats'on.
The Iruslees, report was approved by the Board ol Trustees.
Dr P Moore
Trustee
22 November 2023