Company Registration Numbor: N1029538 Charity Number: 103627 Derg Valley Care Limited IA Gompany limhed by guarante•. not havlng a sharo ¢apltal) Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2023
Derg Valley Care Limited IA company limited by guarantee. not having a shara capital) CONTENTS Page Trustees. and Other Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiner's Report Statemenl of Financial Activities 10 Summary Income and Expenditure Account Balance Sheet 12 Notes to the Financial Statements 13-19 Supplementary Information relating to the Financial Statements 21
Derg Valley Care Limited IA company limlted by guarantèe, not havin9 a share capital) TRUSTEES, AND OTHER INFORMATION Trustees Dr W Stewart Mrs l Montgomery Mr J Byrne Mr J Lowry Charity Number In Northern Ireland 103627 Company Reglstratlon Number N1029538 Reglstered Offlce 5-7 Parkview Road Castlederg Co Tyrone BT817AN Principal Address 5 - 7 Parkview Road Casllederg Co Tyrone BT817AN Independent Examlner Michael Drumm FCCA 30a Gortin Road Ornagh Co Tyrone BTT9 7HX Principal Bankers Danske Bank Limited 66 Main Street Strabane Co Tyrone BT82 8AX Sollcltors Babingtons Solicitors 74 Railway Street Slrabane Co Tyrone BT82 8EQ
Derg Valley Care Limited IA Company limtted by guaranteè, not having a shar• eapitall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 The trustees present thelr Trustees, Annual Report, combining the Dlrectors, Report and TrL¢Stees' Report, and the unaudited financial statements for the financial year ended 31 March 2023. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporbng Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their financial slalements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}. The Trustees, Report contains the information required to be provided In the Trustees, Annual Report under the statement of Recommended Practice ISORPI guidelines. The trustees of the company are also charity twslees for the purpose of charity law and under the companvs constitution are known as members of the board of trustees. In this report the trustees of Derg Valley Care Limited present a summary of ils purpose, governance, activities, achievements and finances for the financial financial year 31 March 2023. The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Pracliee applicable in the UK and Republic of Iieland FRS 102. the organisalion has implemented Its recommendations where relevant in these financial statements. Mlsslon. Objectives and Strategy Objectives Derg Valley Care Ltd (DVCI is a registered charity fom)ed in 1996 with the vision "making Castlederg a healthy place foi healthy people" We exist lo address the social and health needs of the most disadvantaged by engaging local people in community development processes aimed at reducing inequalities in health by tsckling the root causes. We provide ongoing support to help those that use our services live healthier lives. Our mission is lo overcome inequalities in health and improve the health and wellbeing of people in povety and disadvantage within the rural area of Casllederg and our goal is to empower and support people to improve their health and wellbeing, leading to happier, healthier lives. The aims of Derg Valley Care are to . A- Overcome the inequalities in health by tackling the root causes of poorlill health, improving seNice delivery and access to services for people living in the rural area who are living in poverty and disadvantage and to support people to develop the confidence lo aspire and achieve new goals. B. Sustain the organisalion by working in partnership with local community. other community groups acr(Y3s the Derg DEA and to work with the voluntary .stalulory and private sectors to develop activities, programmes and services promoting the healthy development and gro of all residents from across the area. The objectives of Derg Valley Care are to = 1. Sustsin our Day Care , Luncheon Club and Healthy Living Centre ft)r the delivery of services and programmes addressing both the social and health needs of the local community. 2. Provide sustainable, community-led PrOsS lo inform and deliver appropriate programmes and services at the right lime and in the right pla. 3.Enance partnerships with other community, voluntary and public sector organisations lo facilitate accessible service delivery 4. Enhance our moniloTing and evaluation tools to demonstrate the impact of the sulte of actlvlties and programmes delivered Revlew of Activlties. Achlevements and Performance The centre is a model of good practice for the delivery of community based social and health care services with programmes which engage service users in cornmunity development process aimed al reducing inequalities in health by tackling the root causes. The function of the centre are designed to improve service Use health. address local and individual needs. build resilience and develop knowledge and skills supporting people to take greater ownership for their own health and well-being. Staffing Both staff and directors are viewed as valuable assets of the organisalion. They receive the appropriate training and
Derg Valley Care Limited IA company limited by guarantee, nc*t havrn9 a share ¢apitall TRUSTEES. ANNUAL REPORT for the financial yeai ended 31 March 2023 support to enhance their knowledge skllls and expertise. Partnership Partnership working undeipins the day lo day operations of Derg Valley Care. We place great emphasises on the collective responsibility of all in taCIng health inequalities by meeting the needs of residents in the Derg DEA. Achievements and Performance Derg Valley Care Ltd {DVCI is a rogislered charity fom)ed in 1996. We provide a range of health relaled seNices and programmes. these include day care services. related staff training. luncheon dub, support groups and other community related projects. Our services are open to everyone in the C8slledeTg and surrounding areas. DVC works in partnership with PHA,, WHSCT, DCSDC, DOH, DFC, DAEFIA, Community & Voluntary Sector organisalions and. the regional Healthy Living Centre Atliance as well as funding bodies lo deliver a wde range ol innovative, seNices , activities and programmes designed lo meet the needs of our seNice users. These indude health & well-being. support groups, older people, physical disability employability and mental health programmes. Derg Valley Care provides a range of services both directly and indirectly for the community in the Casllederg DEA area and we have seen in the perlod Ap1 2022 to March 2023 our partlapant numbers almost get back to pre COVID levels. The Key Achievements and Outcome areas of delivery for 2022- 23 were '. Healthy Lifestyles Tackling inactivity, poor nutrition and obesity through the delivery of a number of obesity intetvention and management programmes aimed at improving the physical and psychological wellbeing of service users . These Included. - Weight Management programme - Adults obesity programme that adopts a community development approach lo molivale, and work with individuals to improve physical activity. raise awareness of a healthy balanced diet in the pursuit of a health life Cycling Hub -18- 65 year old cycling group. We have a pool of 15 bikes and two electric bikes. People of all abilities are encouraged to visit the centre and borrow a bike. One of our seven trained cycling leaders then take the service users on daily cycles. The group has now over 70 members that cycle up lo three times per week. Exercise for all - A community wide programmes of exercise specific for the local community We try and provide for everyone no matter of their age or ability levels. Exercises classes include Beginner Pilates, Yoga Walking group, Chi-me and dance dasses. Older Adults Provide weekly physical & social support for older people in the fomis of the following '. Day Care- We provide a day care seNice four days a week IThree for Older People and one for Older Disabled People) from 9 arn - 4pm Service Users are referred from the Weslem Health and Social Care Trust for social support and inclusion. Therapeutic - Style approaches such as reminiscence therapy, which aims to recall positive memories from earfier years, leading to enjoyment through discussions with others and through sharing and listening lo positive stories. Music and Story telling therapy - These are researched approaches that help improve the mental health of the elderly Servi users. The group formal stimulates social inlera¢lion, and is an effective tool in developing friendships and reducing loneliness among the elderty. Older Adults Well-Being Providing a wide range of physical and social activity with the aim of increasing physical acttvity and overcoming social isolation. These include bingo, word searches. armchair aerobics, Chi- Me, flower arranging and arts and crafts. Long Term Conditions and Pain Management Provide a range of holistic programmes of well-being to those living within the community that are living with one or more of a combination of long lemi conditions The types of activities include physical, educational, social and emotional support some examples are '. Rural Ramblers - A walking groups specifically developed to suit people with a long term condition. Small scalo walks on flat ground and when possible in areas of intere51. Paint Your Pain- Painting programme that is designed lo tske service users minds of their pain during the hour classes. Stepping On Programme comrnunity Falls Prevention programme for people over the age of 65 who have already experienced a fall or who are at risk of falling. Olago Exercise Programme- Follow on from the Stepping on Programme designed to improve strength and balance. Better Day5 Pain Management programme Award winning programme that provides participants with coping mechanisms to deal with their day to day pain. Cost of Living {New Initialive)- The rising cost of living is affecting everyone including those in rural communities. Participants received support during the winter and were provided with ingredients lo provide a meal for their family. They were also provided wth knowledge and skills to produce nutritious meals on a budget. The lips on smart cooking, avoiding food waste and planning meals that are cooked using fresh produce sourced locally helped reduce the extent of food poverty locally. Comments from partlClP8nls included 'More confident preparing meals and making things from scratch" "Confidence growing in the kitchen" "Becoming more aware of value for money when doing my weekly shop" "Cooking on a budget.
Derg Valley Care Limited IA company Ilmited by guarantee, not havlny a share capltall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 'Trying out new ideas and recipes and some great lips" "Reintroduced lo the joys of cooking lo help wth rising costs. Access Provide rooms for a range of support groups delivered by our facilitaloTS Statutory providers. and voluntary organisations. SeNice providers include RNID. advice organisations. cardiac rehab. smoking cessation, medicine management, fibromyalgi8 and MS support SPRING Rural Enhanced Social Prescrrbing Project- Derg Valley Care leads on this regional Nl project. The project has ten deltvery partners.- Explainlng Social Prescribing, the King's Fund12020), notes. "Social prescribing .is a means of enabling health professionals to refer people lo a range of local. non-clinical services. The referrals generalty-.. come from professionals worklng In primary care settings, for example, GPS or practice nurses. Recognising that people's health and wellbeing are determined mostly by a range of social. economic. and environmental factors, social prescribing seeks lo address people's needs in a holisllc way. It also aims lo support individuals lo lake greater eonlrol of their own health. Schemes delivering social prescribing can involve a range of activities that are typically provided by voluntary and community sector organisations. Examples include volunteering, arts aclivilies, group leaming, gardening, befriending, cookery, healthy eating advice and a range of sports" Social Prescribers seNe communities in socially deprived areas throughout Nl and are attached to delivery partners. Delivery partners are COfTTrmunity-led organisalions and members of the Healthy Living Centre Alliance IHLCA), operating from Healthy Living Cenlres across Nl. In common with the King's Fund description above. the SPRING model takes a holistic approach lo addressing the needs of people. creating a link between the health serviee and the community. SPRING works with individuals to ask the question 'what matters to you?. rather than 'whal is the matter wlh you?, This enables Heatth and Social Care professionals lo refer patients who are experiencing.. social isolation. low mood. mild depression, chronic pain, long term conditions or physical inactivity to appropriate communily-based support programmes and activities. A social prescriber spends lime engaging with each person referred lo the SPRING projects. listening to their needs and exploring services and activities that can help them improve their health and well-being. Using a co-production approach, the person chooses which supports to avail of, and a health pathway called a social prescription is developed. The project uses lo established evidence based monitoring tools lo evaluate the outcomes of the project'oulcome star- and the "Short WanNick Mental Health Tool" Results from Outcome Stsr shown an 85'h improvement while the Short Warwick showed a 930/0 in participants well-being. Financial Results Al the end of the financial year the company has assets of £1.130,12912022 - £1,170,001) and liabilities of £387,154 12022 - £310.242)- The nel assets of the company have decreased by £1116.784}. Trustees The trustees who served throughout the financial year. except as noted. were as follows-. Dr W Stewart Mrs l Montgomery Mr J Byrne Mr J Lowry Compliance wlth Sector-wlde Leglslatlon and Standards The company engages pro-actively with legislation. st8ndards and codes which are developed for the sector. Derg Valley Care Limited subscribes lo and is compliant with the following.. The Companies Act 2006 The Charities SORP IFRS 1021 Reserves Policy The Trustees have established a policy whereby the unreslricled funds not committed or invested in lan9ible fixed assets held by the charity should equate lo approximately 3 to 6 months of expenditure {approx £500.0001 lo enable the charity lo continue the current activities in the event of a significant drop in fundraising. Al 31 March 2023 the unrestricted reserves were £617,686 and as such the target has been achieved. Rlsk Management Oerg Valley Care carries out regular reviews of the major risks lo which the OanIsatIOn is exposed and is compliant with SORPS requirements including strategic risk management. A risk register has been e518blished and is updated at least annually. Where appropriate. systems or procedures have been establlshed to migrate the rlsk the organisalion faces. Internal controls are in place for aulhorisalion of all transactions and projects. Procedures are in place to ensure compliance with health and safety of stsff, volunteers, serwce users and all vlsltors. AJI policies and procedures are reviewed three yearly lo meet the needs of the organisation.
Derg Valley Care Limited IA company Itmited by 9uarantee, not having a shar¢ capitall TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Approved by the Board of Trustees on 14 December 2023 and slgned on Its behalf by: Mrs l Montgomery Trustee Mr J Lowry Trustee
Derg Valley Care Limited IA company limited by guarantee. not having a share ¢apilall STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2023 The trustees. who are also directors of Derg Valley Care Limited for the purposes of rnpanY law, are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the trustees as the directors lo prepare financial statements for each finanGtal year. Under that law Ihe trustees have elected lo prepare the financial slalements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entilies}- Under company law the tNslees musl not approve the financial statements unless they are satisfied that they glve a true and fair view of the slate of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial slalemenls. the trustees are required lo: select suitable accounting policies and apply them consistently., make judgements and estimates that are reasonable and prudent., slate whether the financial statements have been prepared in accordance with the relevant finaneial reporbng framewoik, identify those standards, and nots the effect and the reasons for any material departure from those standards. and prepare the financial statements on the going coneem basis unless it is inappropriate lo presume that the company will continue in operation. The trustees confim) that they have complied with the above requirements in preparing the financial slalements. As explained in note 3. stste whether the applicable in the UK and Republic of Ireland FRS 102 has been followed.. The trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the company's transactions and disclose with reasonable accuracy al any lime the financial position of the company and enable them to ensure that the financial statements comply with. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of Trustees on 14 December 2023 and slgned on Its behalf by: OA Mrs l Montgomery Trustee Mr J Lowry Tru$teo
Derg Valley Care Limited IA company limlted by guarantee. not having a share capital) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF DERG VALLEY CARE LIMITED We have examined the financial ststemenls of the company for the ffnancial year ended 31 March 2023, which comprise the Statement of Financial Aclimlies. the Summary Income and Expenditure Account. the Balance Sheet and the related notes. This report is made solely to the company's members. as a body. in accordan with Chapter 3 of Part 16 of the Companies Ad 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Trustees that we have done so, and slate those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility lo anyone other than the company and the company's members, as a body, for our work. or for this report. Respectlve responslbllltles of trustees and examiner The company's trustees {who are also the directors of the company for the purpos8s of company lawl are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The companws trustees consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. It is our responsibility to- examine the financial statements un(Ser section 65 of the Charities Act- follow the procedures laid down by the general Directions giverb by the Charity Commission for Northem Ireland under section 65(9llbl of the Charities Acl-, and state whether particular matters have come to our attention. Basis of independent examinerf$ report We have examined your company financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general D1CtionS given by the Charity Commission for Northern Ireland under section 6519)Ib) of the Charities Act. An examination includes a review of the accounting records kept by the company and a Comparison of the financial slalemenls presented with those records. 11 also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'true and fair. view and the report is limited to those matters set out in the slalement below. In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect.. accounting records were not kept in accordance with section 386 of the Companies Act 2006 the financial statements do not accord with those accounting records the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102} there is further information needed for a proper und8rstanding of the accounts to be reached. Independent examinerfs statement We have no cOnrn5 and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a propeT understanding of the financial statements lo be reached. MICHAEL DRUMM FCCA 30a Gortin Road Omagh Co Tyrone BT79 7HX Date: 14 December 2023
Derg Valley Care Limited IA company limited by guarantee. not having a share Capital) STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 March 2023 Unrestrleted Restrlcted Funds Funds 2023 2023 Total Unreslricled Restricted Funds Funds Funds 2023 2022 2022 Total Funds 2022 Notes Incornlng ResourGgs Voluntary Income Chaiitable activities Grants from govemments and other co-funders Investments 1,667 1,667 43,586 447,351 490,937 52.447 444.256 496.703 953 953 52 52 Total incomlng resources 44.539 447.351 491.890 54.166 444.256 498.422 Resources Expended Ch8rltable activities 118,435 490,239 608,674 69.697 400,439 470,136 Net incomingloutgotng resources before transfers 173.8961 {42.888} {116.7841 {15,531) 43,817 28,286 Gross transfers between funds Net movement in funds for the flnan¢ial year 173.8961 142.888) 1116.7841 115,5311 43.817 28.286 Reconciliation of funds: Total funds beginning of the year 16 691.582 168.177 859.759 707.113 124,360 831.473 Total funds at th8 ond of the year 617.686 125.289 742,975 691,582 168,177 859,759 The Ststement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate lo continuing aclivilies. The notes on pages 13 10 19 fomi part ol the firancial staternents 10
Derg Valley Care Limited IA company limited by guarantee, not having a share capital) SUMMARY INCOME AND EXPENDITURE ACCOUNT for the financial year ended 31 March 2023 Statement of Financial Activities 2023 2022 Gross income Unrestricted funds Restricted funds 44,539 447,351 491,890 498.422 Total Income Total expenditure 491.890 1608,674) 498,422 {470,1361 Net incomel{expenditure) 1116.784) 28,286 The company has no recognised gains or losses other than the results for the financial year. The results for the financial year have been calculale¢J on the historical cost basis. Th8 notes on page5 13 to 19 form part of the financial staternent5 11
Derg Valley Care Limited IA company limited by guarantee, not having a share capital) Company Number.. N1029538 BALANCE SHEET as al 31 March 2023 2023 2022 Notes Flxed Assets Tangible assets Investments 10 11 143,821 200.000 149.562 200,000 343.821 349,562 Current Assets Debtors Cash at bank and in hand 12 224,705 561,603 263,659 556,780 786.308 820,439 Credltors- Amounts falling due within one year 13 1318.378) 1252.359) Net Current Assgts 467,930 568,080 Total Assets less Current Liabllltles 811,751 917,642 Grants receivable 14 168.776) 157,8831 Total Net Assets 742,975 859.759 Funds Restricted funds General fund lunreslricledl 125.289 617.686 168.177 691,582 Total funds 16 742,975 859,759 The total unrestricted funds includes a revaluation reserve of £1125.333112022 - £{125.33311 These financial statements have been prepared in accordance with the special provisions relaling to small companies within Part 15 of the Companies Act 2006. For the financial year ended 31 March 2023 the company was entitled lo exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476. The Iruslees confirm that the members have not required the company lo obtain an audit of ils financial slalemenls for the financial year in question in accordance with section 476 of the Companies Act 2006. The Iruslees acknowledge their Tesponsibililies for ensuring that the company keeps accounting records which cornply with section 386 and for preparing financial statements which give a true and fair view of the 51ale of affairs of the company as al the end of the financial year and of 115 Profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo financial statements. so far as applicable to the company. The financial statements have been prepared in accordan with the provisions applicable to companies subject lo the small companies, regime and in accordance with FRS 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland" applying Section 1A of that Stsndard. Approved by the Board of Trustees and authorised for issue on 14 Decernber 2023 and signed on its behalf by Mrs l Montgomery Trustee Mr J Lowry Trustee Th8 notes on pages 13 to 19 form part ol the financial stsiements 12
Derg Valley Care Limited IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year enised 31 March 2023 GENERAL INFORMATION Derg Valley Care Limited is a company limiteij by guarantee incorporated in Northern lieland. The registered office of the company is 5-7 Parkview Road. Casllederg, Co Tyrone, BT81 7AN which is also the principal place of business of the company The financial slalements have been presented in Pound 1£) whlch is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation lo the charivs financial slalements. Basis of preparation The financial ststements have been prepared under the historical cost convention. modified to Include certain items at fair value. The financial slalements have been prepared in accordance with the Statement of Recommended Practice {SORP} "A¢counling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102". applying Section 1A of that Standard. As permitted by the Companies Act 2006. the company has varied the standard formats in that act for the Slalemenl of Finaneial Activities and the Balance Sheet. Departures from the standard formals are lo comply with the requirements of the Charities SORP and are in compliance with section 4.7. 10.6 and 15.2 of that SORP. Statement of ¢ompllance The financial statements of the company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Slalemenl of Recommended Practice ISORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" applying Section 1A of that Standard. Fund accounting The following are the categorises of funds maintained: Restricted funds Reslricled funds are to be used for specified purposes as lais down by the donor. Expenditure which meets these criteria is charged to the fund, together wlth a falr allocation of overheads and support costs. Unrestrlded funds Unrestricted funds are funds which are expendable 8t he discretion of the charity in ftjrtherance of ils objectives. In addition to expenditure on activities such funds may be held in order lo finance capital investment and working capital. In¢omSng Resources Voluntary income or capital is included in the Slalement of Financial Activities when the company is legally entitled lo it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entiuement lo legacies is considered established when the company has been notified of a distribution lo be made by the executors. Income received in advance of due perforynance under a contract is accounted for as defeJTed income until eamed. Grants are recognised as income when the related conditions for legal enlillemenl have been mel. All other income is accounted for on an accruals basls. Resources Expended All resources expended are accounted for on an accruals basis. Charitable activities include costs of seNices and grants. support costs and depreciation on related assets. Costs of generating funds similarly inc]ude fundraising aclivilies. Non-slaff costs not attributed to one category of activity are allocated or apporboned Prorata to the staffing of the relevant service. Finance, HR. IT and administrative staff costs are direcuy attributable to individual activities by objective. Governance costs are those associated with conslitulional and statutory requirements. 13
Derg Valley Care Limited IA company limited by guarantee, not having a shar• capitzll NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 Tanglble flxed assets and depreclation Tangible fixed assets are stated at cost or al valuation. less accumulated depreciatlon. The charge to depreciation is calculated lo write off the original cost or valuation of tsngible fixed assets, less their eslimaled residual value, over their expected useful lives as follows.. Land and buildings freehold Plant and machinery Fixtures, fittings and equipment Motor vehlcles 2% slraighl line 20 10 reducing balance 200/0 reducing balance 200A reducing balance Investments Investments held as fixed assets are stated at cost less promsion for any pemianenl diminution in value. Income from other financial fixed asset investments together with any related lax credit is recognised in the income and expenditure account in the year in which il is re1Vable. Debtors Debtors are recognised al the selllement amount due after any discount offered. Prepayments aTe valued at the amount prepaid net of any trade discounts due. Income recognised by the the company from government agencies and other co-funders, bul not yet CeiVed at year end. is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxation No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added lax is expensed as incurred. As a charity. the company benefits from vaTiOUS exemptions afforded by lax legislation. It is therefore not liable to corporation tsx on income or gains falling due within those exemptions. GOING CONCERN The financial slalements have been prepared on a going concem basis as the trustees believe that no material uncertainties exist. The trustees have considered the levels of funds held and the expected level of income and expenditure for 12 months from aulhorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. On this basis the diTeclors consider il appropriate to prepare the financial statements on the going concern basis. INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 Donations 1,667 CHARITABLE ACTIVITIES Unreslri¢ted Restricted Funds Funds 2023 2022 Grants from governments and other co-funders: General running costs Healthy Living Centre Daycare services Luncheon ClubNPD Management charges Other income Rent Grants DAERA 7,287 7.287 121,645 95.352 5.302 10,587 27,264 127.523 78.075 3,376 10.587 220 6.000 121,645 95,352 5,302 10,587 19.187 1,223 19,187 1,223 230.354 230.354 243,658 43.586 447,351 490,937 496.703 14
Derg Valley Care Limited IA Company Ilmlted by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 INVESTMENTS Unre$trictsd Restrictsd Funds Funds 2023 2022 Investments 953 953 52 EXPENDITURE CHARITABLE ACTIVITIES Dlrect Costs Other Costs Support Costs 2023 2022 Healthy Living Centre Luncheon ClublYPD General running costs DAERA Daycare seNices 87.820 23,913 46,223 29,745 71,928 26.752 13,278 29.245 225.430 48,564 114.572 37,191 81.244 255,175 120.492 135,175 33.332 36.365 192.488 72.776 5.776 259,629 5,776 343,269 608,674 470.136 SUPPORT COSTS Charitable Actlvitles 2023 2022 Travel and motor expenses General office expenses Legal and professional fees Premises expenses 23,353 275,913 23.765 20.238 23.353 275,913 23.765 20,238 20,373 207.581 14.149 15,310 343.269 343.269 257,413 ANALYSIS OF SUPPORT COSTS 2023 2022 Travel and motor expenses General office expenses Legal and professional fees Premises expenses 23.353 275,913 23.765 20.238 20.373 207.581 14.149 15,310 343.269 257,413 NET INCOMING RESOURCES 2023 2022 Net In¢omlng Resources are stated after chargingl{¢rediting): Depreciation of tangible assets (Surplus) on disposal of tangible fixed assets Independent Examiner's remuneration: independent examination servi$ Amortisalion of grants receivable 5.741 6,749 (69,082) 2.725 11.223} 2,490 11,223} INVESThIENT AND OTHER INCOME 2023 2022 Amortisation of capital grants received Bank inleresl 1.223 953 1.223 52 2.176 1,275 15
Derg Valley Care Limited IA company limitod by guarantee, not having a shar8 capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 EMPLOYEES AND REMUNERATION The staff costs comprise.. 2023 2022 Wages and salaries Social security costs Pension costs 204.038 11.068 4,786 200,604 10,935 S.142 219,892 216,681 10. TANGIBLE FIXED ASSETS Land and buildings freehold Plant and Fixturo$, machinery fittings and equlpment Motor vehlcles Totsl Cost or Valuatlon At 31 March 2023 168.859 293.999 69.334 27.359 559.551 Depreclation Al 1 April 2022 Charge for the financial year 39.444 1,712 286.821 1.435 58.208 2,225 25.516 369 409.989 5,741 At 31 March 2023 41.1S6 288.256 60.433 25.885 415.730 Net book value Al 31 March 2023 127.703 5.743 8,901 1,474 143.821 Al 31 March 2022 129,415 7,778 11,126 1.843 149.562 Three slles were acqulred by the company totalllng £51.000. Of the total grants received from the Natlonal Lollery Charities Board and charitable trusts, £45,333 was used lo finance the sites. These siles have all been revalued to actual cost in the aceourtls. 11. INVESTMENTS other investments Investments Cost Al 31 March 2023 200.000 Ngt book valuo At 31 Maich 2023 200,000 At 31 March 2022 200,000 12. DEBTORS 2023 2022 Trade debtors other debtors Prepayments and arUed inGome 140,341 79.815 4.549 175.693 83,512 4,454 224.705 263,659 16
Derg Valley Care Limited IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 13. CREDITORS Amounts falling due within ong ygar 2023 2022 Bank overdrafts Trade creditors 260.625 57,753 230,805 21,554 318.378 252,359 14. GRANTS RECEIVABLE 2023 2022 Capltal grants recelved and recelvable Al 1 April 2022 Increase ift financial year 1,890,046 242,470 1.746.390 143.656 At 31 March 2023 2,132,516 1,890,046 Amortisation Al 1 April 2022 Amortised in financial year (1,832,163) 11,587.2821 {231.577) (244,8811 At 31 March 2023 12.063.740) 11.832.163) Net book valuo Al 31 March 2023 68.776 57.883 At 1 April 2022 57,883 159.108 15. RESERVES Revaluation reserve Funds Totsl At the beginning of the year (Deficitysurplus for the financial year 125,333 734,426 1116.7841 859,759 1116.7841 At the end of the year 125,333 617,642 742,975 16. FUNDS 16.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 April 2021 Movement during the financi81 year 707.113 115,5311 124.360 43,817 831.473 28,286 At 31 March 2022 Movement during the financial year 691.582 {73.8961 168,177 {42,8881 859,759 1116,7841 At 31 March 2023 617.686 125.289 742.975 17
Derg Valley Care Limited IA ¢ompany Ilmlted by guarantee, not having a share capltsll NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 16.2 ANALYSIS OF PJJOVEMENTS ON FUNDS Balance 1 April 2022 Income Expenditure Transfers between funds Balance 31 March 2023 Rastrictsd funds Day Care Healthy Livlng DAERA 27,930 55.077 85,170 95,352 121.645 230,354 120.492 114.572 255,175 2.790 62.150 60,349 168.177 447,351 490.239 125,289 Unrestrictad funds General reserve Luncheon Club and YPD 751.050 159,4681 39.237 5,302 81.244 37,191 709,043 191,357} 691.582 44.539 {118.435) 617,686 Total funds 859,759 491,890 608,674 742,975 16.3 ANALYSIS OF NET ASSETS BY FUND Fixed Financial assets fixed charity use assets Current assets Current Long-term deferred income Total Restricted funds 53.293 372.450 1212,0451 1491,6031 {277.905) Unrestricted general funds 90,528 200.000 386.159 154,292 422,827 1.253.806 143.821 200,000 758.609 157.753) 168.776) 975.901 17. STATUS The company is limited by guarantee not having a share capital. The liability of the membèrs is limited. Every member of the company undertakes lo eontribute to the assets of the company in the event of ils being wound up while they are membets, or within one year thereafter. for the payment of the debts and liabilities of the company contracted before they ceased to be members. and the costs, charges and expenses of winding up, and for the adjustment of the rights of the conlribulors among themselves. such amount as may be required, not exceeding £ 1. 18. CONTINGENT LIABILITIES Government grants received may be fully or partially recovered in the event of the company failing to honour undertakings Stipulated in the Letters of Offer. The total govemment grants included in the accounts lo dale amount lo £2,119,749 {2022'. £1,890,046). 19. POST-BALANCE SHEET EVENTS There have been no other signlficant events affecting the Chadty since the financlal year4nd. 18
Derg Valley Care Limited IA company limited by 9uaranlee. not having a share ¢apitsll NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 20. TRUSTEE AND KEY MANAGEMENT PERSONNEL REMUNERATION The trustees neither received nor waived any remuneration during the year12022'. NIL). There are no trustees accruing pension arrangements and the Iruslees did not have any expenses reimbursed during the year 12022.. NIL). The key management personnel are considered to be the Chief Executive Offir. 2023 2022 Wages and salaries Employers, National Insurdnce 48,913 5,789 46,586 5.641 54.702 52,227 19
DERG VALLEY CARE LIMITED IA company Ilmlted by guarantee. not havlng a share ¢apltall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 20
Derg Valley Care Limited IA ¢ompany limlted by guarantè¢. not having a share capitall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 March 2023 2023 2022 Income Donations Access to work DAER4- Fed of Families NIHSSB Lunches Management charges Other income Rent 1,667 2.071 243,658 129.839 9,487 10,587 84.240 15,598 1.976 230,354 207,868 7,153 10,587 12.589 19.187 489,714 497,147 Expensgs Wages and salaries Social security costs Staff defined contribution pension costs Rent payable Water rates Insurance Light and heal Cleaning and PPE Repairs and maintenance Printing, postage and slalionery Telephone Computer costs Motor expenses Travel and subsistence Legal and professional fees Beneficiary training Management charges DAERA- Fed of Families Audilor'sllndependent Examiner's remuneration Bank charges Teas and meals Consumables General expenses Subscriptions and donations Surplusesldeficits on disposal of tangibles Depreciation 204.038 11.068 4.786 14.450 156 4,270 9,917 895 12.477 5,295 3.682 200,604 10.935 5,142 8,760 161 2,734 6,688 2.322 7,494 2.582 3.149 2,151 11.936 221 7,125 36,382 10.587 191.164 2,490 530 5.528 11.748 1.436 600 169.0821 6,749 23.353 346 7,762 6,732 12.647 255.175 2.725 1,192 5.630 11,994 2,954 1,389 5.741 608.674 470,136 Miscellaneous Income Amortisalion of capital grants received Bank interest 1.223 953 1,223 52 2,176 1.275 Net IdeficitVsurplu$ (116.784) 28,286 The supplementary informallon does not form part of the financial statements 21