MAINSTAY DRM LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Total
2025
2024
Notes
Income from..
Donations and legacies
Charitable activities
Other trading activities
Investrnents
657,230
283,392
657,230
283,392
13,772
251,390
516
8.617
13,772
251,390
516
8,617
10,457
10,457
Total income
951,079
951,079
274.295
274,295
Expenditure on-
Raising funds
Charitable activilies
218
216,901
218
216,901
730
204.730
730
204,730
Total expenditure
217,119
217,119
205,460
205,460
Net income and movement in
funds
733,960
733,960
68,835
68,835
Reconciliation of funds:
Fund balances at 1 April 2024
3.384,613
10,000 3,394,613
3,315,778
10,000 3,325,778
Fund balances at 31 March
2025
4,118,573
10,000 4,128,573
3,384,613
10,000 3,394,613
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
10-

MAINSTAY DRM LTD
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
14
3,555.332
3,609,230
Current assets
Debtors
Cash at bank and in hand
15
2,354
1,206,579
8,220
466,139
1,208,933
474,359
Creditors- arnounts falling due within
one year
16
{115,7891
193,972}
Net current assets
1,093,144
380.387
Total assets less current liabilities
4,648,476
3,989,617
Creditors.. amounls falling due after
rnore than one year
17
1519,9031
{595,004)
Net assets
4,128,573
3,394.613
The funds of the charity
Restricted income funds
Unrestricted funds
19
20
10.000
4,118.573
10.000
3.384.613
4.128,573
3,394,613
The financial statements were approved by the trustees on
24
i{
MrJE
Tru
orman
Company registration number N1063756 (Northern Ireland)
11

MAINSTAY DRM LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating activities
Cash generated from operations
25
849,762
169,091
Investin9 activities
Purchase of tangible fixed assets
Investment income received
147,5681
10,457
110,5241
8,617
Net cash used in investing activities
137,1111
{1,9071
Financing activlties
Repayment of bank loans
172,211)
{69,466}
Net cash used in financing activities
172,2111
169,4661
Net increase in cash and cash equivalents
740,440
97.718
Cash and cash equivalents at beginning of year
466,139
368,421
Cash and cash equlvalents at end of year
1,206,579
466,139
12

MAINSTAY DRM LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity information
Mainstay DRM Ltd is a private company limited by guarantee incorporated in Northern Ireland. The registered
office is 2 Cumulus Heights, Ballyvange. Downpalrick. Co Down. BT30 6￿￿.
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 'Accounling 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 IFRS 1021" (effective 1 January 20191. The
charity is a Public Benefit Entity as defined by FRS 102.
The financial slalements a￿ 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 set out below.
1.2 Going concern
At the lime of approving the financial statements, the trustees 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 concem basis of accounting in preparing Ihe financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Designated funds comprise funds which have been sel aside al the discretion of the trustees for specific
purposes. The purpos8s and uses of the designated funds are sel out in the notes to the financial statements.
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 set out in the notes to the financial stalemenls.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation. unless perfomiance 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.
Rental income is recognised in the period lo which it relates.
13-

MAINSTAY DRM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies IContinued}
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of dI￿t costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single
activity are allocated directly to that activity. Shared cosls which contribute lo more than one activity and
support costs which are not attributable to a single activity are apportioned be￿een those activit￿5 on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and
depreciation charges are allocated on the portion of the asset's use.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity-
Govemance costs are those incurred in connection with administration of the charity and compliance with
constitutional and statutory requirements.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Fixtu￿$ and fittings
Motor vehicles
Equipment
2°/0 per annum straight line
20 /0 per annum straight line
20010 per annum straight line
200/0 per annum straight line
Freehold land is not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference bebNeen the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reportillg end dale, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order lo determine the extent of the impairment
loss lif any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. 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 net amounts presented in the financial slatemenls, 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 assel and settle the liability simultsneously.
14-

MAINSTAY DRM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies Icontinuedl
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried al arllortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present valLJe of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are Initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted al a market rate of interest. Financial liabililies classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified ag 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 at
transaction pri￿ and subsequently measured al amortised cost using the effective interest method.
Derecognition of flnancial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's seryices 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.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to 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 eslimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both C￿￿ent and future
periods.
Fixed assets
The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset
and eslimales of residual values. The trustees regularly review these asset lives and change them as
necessary lo reflect current thinking on remaining lives in light of prospective economic utilisalion 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.
Restricted and unrestricted funds
Judgements are made in relation to allocation of income and expenditure to restricted and unrestricted funds.
The trustees consider it appropriate to allocate these funds based on inlerpretalion of donations and grants
received.
15

MAINSTAY DRM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from donations and legacies
Unrestricted
funds
2025
Unrestri¢ted
funds
2024
Donations and gifts
657,230
13,772
Donations and gifts
Mainstay DRP- new build fuffld
Other donations
650,000
7,230
13.772
657,230
13,772
Income from charitable activities
Unrestricted
funds
2025
Unrestricted
funds
2024
Charitable activities
Charitable rental income
Other income
245,352
38,040
235,501
15.889
283,392
251,390
Income from other trading activities
Unrestricted Unrestricted
funds
funds
2025
2024
Fundraising events
516
Income from investments
Unrestricted Unrestricted
funds
funds
2025
2024
Interest receivable
10,457
8,617
16-

MAINSTAY DRM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on raising funds
Unrestricted Unrestricted
funds
funds
2025
2024
Fundraising and publicity
Other fundraising cost5
218
730
Expenditure on charitable activities
Charitable
activities
Charitable
activities
2025
2024
Direct costs
Share of support and governance costs {see note 9}
Support
Governance
200,792
16,109
190,958
13,772
216,901
204,730
Analysis by fund
Unrestricted funds
216,901
204,730
Support costs allocated to activities
2025
2024
Depreciation
Rates
Bank fees
Repairs and maintenance
Interest payable and similar charges
Governance costs
101.464
5,512
157
68,765
24,894
16.109
96,896
4,929
156
61,164
27,813
13.772
216,901
204,730
Analysed between:
Charitable activities
216,901
204,730
10 Net movement in funds
2025
2024
The net movement in funds is stated after chargingllcreditingl..
Fees payable for the audit of the charity's financial slalements
Depreciation of owned tangible fixed assets
3,550
101,464
3,900
96,896
17

MAINSTAY DRM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11
Trustees
None of the Iruslees lor any persons connected with them) received any remuneratson or benefits from the
charity during the year.
12 Employees
The average monthly number of employees during the year was..
2025
Number
2024
Number
Total
There were no employees whose annual remLSneration was more than £60,000.
13 Taxation
The charity is exempt from income tax and capilal gains lax lo the extent that ils income and gain s are applied
for charitable purposes. No tax charge has arisen in the year.
14 Tangible fixed assets
Fraahold land Fixturgs and
arsd buildin9$
fittings
Motor
vehicles
Equipment
Total
Cost
At 1 April 2024
Additions
4,414,950
74,668
46,512
35,339
1,901 4,526,858
1,056
47,568
At 31 March 2025
4,414,950
121.180
35,339
2,957 4,574,426
Depreciation and Impairment
At 1 April 2024
Depreciation charged in the year
841,499
84,800
51.390
12,670
23,137
3,663
1,604
331
917,630
101,464
At 31 March 2025
926,299
64,060
26,800
1,935 1,019,094
Carrying amount
At 31 March 2025
3,488,651
57,120
8,539
1,022 3,555.332
At 31 March 2024
3,573,453
23,278
12,202
297 3,609,230
Freehold land and buildings with a carrying amount of £3,414,32212024 - £3,499.1221 have been pledged to
secure borrowings of the charity.
Land with a carrying amount of £159,13412024 £159,134) is not being depreciated.
18

MAINSTAY DRM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Debtors
2025
2024
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
1,513
8,220
2,354
8.220
16 Creditors: amounts falling due within one year
2025
2024
Notes
Bank loans
Trade creditors
Other creditors
Accruals and deterred income
18
75,101
30,130
72,211
9,223
753
11,785
10,558
115,789
93,972
17 Creditors: amounts falling due after more than one year
2025
2024
Notes
Bank loans
18
519,903
595,004
18 Loans and overdrafts
2025
2024
Bank loans
595,004
667,215
Payable within one year
Payable after one year
75.101
519,903
72,211
595,004
Arnounts included above which fall due after five years..
Payable by instalments
187,190
275,387
Bank loans are secured by a floating charge over assets and undertakings of the charitable company and by
way of a legal mortgage over the properties owned by the charitable company.
Bank loans are being repaid by way of monthly inslalments until Jan 2032 with an interest rate of LIBOR plus
2.60/..
19-

MAINSTAY DRM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject lo specific conditions by donors as lo how they may be used.
At l April At 31 March
2024
2025
Sensory Garden
10,000
10,000
Previous year:
At 1 April At 31 March
2023
2024
Sensory Garden
10,000
10.000
Senso
Garden Restricted Fund
This relates to funds that have been received by Mainstay DRM or fundraised specifically for the construction
of a sensory garden.
20 Unrestricted funds
The vnrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not SLJbjecl to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 Aprll
2024
Incoming
resources
Resources At 31 March
expended
2025
Propety fund
Sensory garden fLJnd
New build fund
General funds
16,876
2,089
16,876
2,089
645,404
3,454.204
650.000
301,079
14,596)
1212,523}
3,365,648
3,384.613
951,079
{217,119}
4.118,573
Previou5 year:
At 1 April
2023
Incoming
resources
Resources At 31 March
expended
2024
Propety fund
Sensory Garden fund
General funds
16,876
2,089
3,296,813
16,876
2,089
3,365,648
274.295
{205,4601
3,315.778
274,295
{205,4601
3.384,613
-20-

MAINSTAY DRM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Unrestri¢tod funds (Continued)
Designated funds
11 is the intention of the trustees that free reseNes are used to support future capital builds. In the prior year,
the charity designated £16.876 for any future capital works which may need to be carried out on its properties
and £2,089 has been designated for a sensory garden.
The new build ftjnd relates to a donation of £650,000 from Mainstay DRP specifically for the construction of a
new build which will enhance seNices for clients with learning disabilities.
21 Anatysis of net assets between funds
Unrestricted
funds
2025
Restricted
funds
2025
Total
2025
At 31 March 2025:
Tangible assets
Current assetsllliabilitiesl
Long term liabilities
3,555,332
1,083,144
1519,903)
3,555,332
1,093,144
1519,9031
10,000
4,118,573
10.000
4,128,573
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assels
Current assetsllliabilities)
Long term liabilities
3,609,230
370,387
1595,004)
3,609,230
380,387
1595,004)
10,000
3,384,613
10.000
3,394,613
22 Contingent Liabilities
A portion of capital grants received may become repayable if the company fails to comply with the terms of the
letters of offer.
23 Capital commitments
2025
2024
Amounts contracled for but not provided in the financial statements".
2025
2024
Acquisition of property, plant and equipment
17,823
55.977
21

MAINSTAY DRM LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
24 Related party transactions
The company has a common board of trustees and works closely with Mainstay DRP, which shares the
charity's passion for providing accommodation and care and support to people who have a learnin9 disability
and their families. As at 31 March 2025, a balance of £1,513 is due from Mainstay DRP {2024 - £753 due lo
Mainstay DRP}.
During the year, the charity rented a number of properties to Mainstay DRP for £245,35212024 £227,904)
and the charity received service charge income of £10,524 from Mainstay DRP {2024 - £11,196).
During the year, the charity received a donation of £650,000 from Mainstay DRP.
In addition, Mainstay DRP provides management, finance and administrative support lo the charity for no
charge.
25 Cash generated from operations
2025
2024
Surplus for the year
733,962
68,835
Adjustrnents for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
{10,4571
101.464
(8,6171
96,896
Movements in working capital:
Decrease in debtors
Increase in creditors
5,866
18.927
1,382
10,595
Cash generated from operations
849.762
169,091
26 Analysis of changes in net fundsl(debtl
Al 1 April 2024
Cash flowsAt 31 March 2025
Cash at bank and in hand
466,139
740,440
1,206,579
Loans falling due within one year
Loans falling due after more than one year
172,2111
1595,0041
12,8901
75,101
175,101}
1519,903}
1201,0761
812,651
611,575
22-