Company Registration Number: N1029538 Charity Number: 103627 Derg Valley Care Limited IA company limited by guarantee, not having a share ¢apitall Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2024
Derg Valley Care Limited IA company Ilmltèd by gLEarantee, not having a share capital) CONTENTS Page Trustees, and Other Information Trustees, Annual Report Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Summary Income and Expenditure Account 10 Balance Sheet Notes to the Financial Statements 12-18 Supplementary Information relating to the Financial Statements 20
Derg Valley Care Limited IA company limited by guarnntee, not havlng a share capltsll TRUSTEES, AND OTHER INFORMATION Trustees Drw Stewart Mrs l Montgomery J Byrne {Resigned 31 March 20241 Mr J Lowry Charlty Number in Northern Ireland 103627 Company Registration Numbor N1029538 Registered Office 5-7 Parkview Road Casllederg Co Tyrone BT81 7AN Principal Addr8s$ 5 - 7 Parkview Road Casllederg Co Tyrone BT81 7AN Independent Examiner Michael Drumm FCCA 30a Gortin Road Omagh Co Tyrone BT79 7HX Prin¢rpal Bankers Danske Bank Limiled 66 Main Slreet Slrabane Co Tyrone BT82 BAX Solicitors Babinglons Solicitors 74 Railway Street Slrabane Co Tyrone BT82 8EQ
Derg Valley Care Limited IA company Ilmltèd by guarantee, not having a share capltall TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2024 The trustees present their TrLTslees' Annual Report. combining the Directors, Report and Trustees. Report, and the unaudited financial statements for the financial year ended 31 March 2024. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their financial statements in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 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 trustees for the purpose of charity law and under the company's constitukn'on are known as members of the board of trustees. In this report the trustees of Derg Valley Care Limited present a summary of its purpose, governan. activities. achievements and finances for the financial financial year 31 TrAarch 2024. The company is 2 registered charity and hen 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 Practice applicable in the UK and Republic of Ireland FRS 102, the organisalion has implemented ils recommendations where relevant in these financial statements. Mission. Objectives and Strategy Objectives Derg Valley Care Ltd IDVCI is a registered charity formed in 1996 with the vision making Casllederg a healthy place for healthy people" We exist to address the social and health needs of the most disadvantaged by engaging local people in community development prosseS aimed at reducing inequalities in health by tackling the root causes. We provide ongoing support to help those that use our services live healthier lives. Our mission is to 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 lo improve their health and wellbeing. leading to happier, healthier lives. The aims of Derg Valley Care are lo .' A- Overcome the inequalities in health by tackling the root causes of poorlill health, improving Servi delivery and access lo services for people living in the rural are8 who are living in povety and disadvantage and to support people to develop the confidence to 8spire and achieve new goals. B. Sustain the organisalion by working in partnership with local community, other community groups across the Oerg DEA and to work with the voluntary ,slatutory and private sectors to develop activities, programmes and services promoting the healthy development and growth of all Sidents from acros5 the area. The objectives ol Derg Valley Care a to '. 1. Sustain our Day Care . Luncheon Club and Healthy Living Centre for the delivery of services and programmes addressing both the social and health needs of the local community. 2. Provide sustainable. community-led process to infomi and deliver appropriate programmes and services at the right time and in the right place. 3.Enance partnerships with other community, voluntary and public sector organisations to facilitate acssible setvi delivery 4. Enhance our monitoring and evaluation tools to demonstrate the impact of the suite of activities and programmes delivered Review of Activities. Achievements 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 seNice users in community development process aimed al reducing inequalities in health by lackling the root causes. The function of the ntre are designed lo improve service users health, address local and individual needs, build resilien and develop knowledge and skills supporting people to lake greater ownership for their own he81th and well-being. Staffing Both staff and directors are viewed as valuable assets of the organisation. They receive the appropriate training and
Derg Valley Care Limited IA company limited by guarantee, not having a share capital) TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2024 support to enhance their knowledge skills and expertise. Partnership Partnership working underpins the day to day operations of Derg Valley Care. We place great emphasises on the collective responsibility of all in tackling health inequalities by meeting the needs of residents in the Derg DEA. Achievements and Performance Derg Valley Care Ltd IDVCI 15 a registered charity fomied in 1996. We provide a range of health related Services and programmes, these include day Ca services, related staff training, luncheon club, support groups and other community related projects. Our services are open lo everyone in the Casllederg and surrounding areas. DVC works in partnership with PHA, WHSCT. DCSDC, DOH. DFC, DAERA, Community & Voluntary Sector organisalions and. the regional Healthy Living Centre Alliance as well as funding bodies lo deliver a wide range of innovative, setvices. activities and programmes designed to meet the needs of our service users. These include 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 Castlederg DEA area. The Key Achievements and Outcome areas ofdelivery for 2023- 24 were '. Healthy Lifestyles Tackling inactivity, poor nutrition and obesity through the delivery of a number of obesity intervention 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 to motivate, and work with individuals lo improve physical activity, raise awareness of a healthy baland diet in the pursuit of a health life Cycling Hub -18- 65 year old cycling group. We have a pool of 15 bikes and electric bikes. People of all abilities are encouraged to visit the centre and borrow a bike. Our cycling club has seen a significant reduction in participant5 over the last year. We will be making arrangements to re-launch this acb'vity next year. Exercise for all - A community wide programmes of exercise specific for the local community We try and provide for everyone no maller of their age or ability levels. Exercises classes include Beginner Pilates, Yoga Walking group. Chi-me and dance classes. Older Adults - Provide weekly physical & social support for older people in the forms of the following Day Care - We provide a day care service four days a week from 9 am - 4pm SeNice Users are referred from the Western Health and Social Care Trust for social support and inclusion. Therapeutic style approaches such as reminiscence therapy. which aims to recall positive memories from earlier years, leading to enjoyment through discussions with others and through sharing and listening to positive stories. Music and Story telling therapy - These are researched approaches that help improve the mental health of the elderly service users. The group fomial stimulates social interaction, and is an effective tool in developing friendships and reducing loneliness among the elderly. Older Adults Well-Being Providing a wide range of physical and social activity with the aim of increasing physical activity and overcoming social isolation. These include bingo. word searches, amichair aerobics, Chi- Me. flower arranging and arts and crafts. Long Temi Conditions and Pain Management - Provide a range of holistic programme5 of well-being lo those living within the community that are living with one or more of a combination of long term 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 scale walks on flat ground and when possible in areas of Interest. The group then enjoy a social cup of tea followin9 the walk. Armchair Yoga - This programme provides people with the opportunity to do gentle movement in their chair. stepping On Programme A community Falls Prevention programme for people over the age of 65 who have already experienced a fall or who are at risk of falling. Otago Exercise Programme- Follow on from the Stepping on Programme designed to improve strength and balance. Better Days Pain Management programme Award winning programme that provides participants with coping mechanisms to deal with their day lo day pain. Cost of Living Remains a significant issue for clients across the whole Derg DEA. We reintrodud a series of cooking programmes so that people could develop the skills lo cook nutritional meals on a budget. This included us providing participants with ingredients to providp a meal for their famil Ji that day and the next day's lunch. The six weeks course also allowed those living alone with a warm and safe environment which helped them to reduce some electricity and heating costs. Access Provide rooms for a range of support groups delivered by our facilitators statutory providers, and voluntary organisations. Service provider5 include RNID. advice organisations. smoking Ssa110n, MS Society. Women's Institute, Canr Focus and a local counselling organisalion.
Derg Valley Care Limited IA company Ilmited by guarantee, not having a sharè Capital TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2024 New programme - Carer5 SUPPOrt - We are delivering an unpaid carers project designed to address the needs of unpaid carers. Many carers feel socially isolated and need support for their mental and physical health. The project aims lo offer the support needed and lo dale this has included a monthly support group and a range of programmes identified by carers as those that promote self-care and provide much needed time for their health and wellbeing. Comments from Car$ have included the following.. 'Have been caring for my husband who has Parkinson's and memory problems. I look after him 2417. Now I get out to socialize and enjoy company of others. Less isolated. 'I've just recently been bereaved and these classes have helped me get through it., 'Myself and husband recently move to the area just over a year ago to be closer to my son and family. My husband's health has deteriorated over the last few years and ils been difficult to gel lime out for me and more recently I've been struggling with my own mental health. 'It was great getting lo know new people and support each other in our endeavours., Regional servIs SPRING Rural Enhanced Social Prescribing Project - Derg Valley Care led on this regional Nl project. The proje had ten delivery partners across Nl. While monitoring information from the established evidence based tools delivered significant outcomes. Results from Outcome Star showed an 85¥0 improvement while the Short Walwick shed a 93¥0 in participants well-being the funding finished in September 2023 Finaneial Results Al the end of the financial year the company has assets of £1,093.56412023 £1,130,129) and liabilities of £401,132 {2023- £387. 1541. The net assets of the company have decreased by £150.5431. Trustees The trustees who served throughout the financial year, except as noted. were as follows.. Dr W Stewart Mrs l Montgomery Mr J Byrne MrJ Lowry Compllance with Sector-wide Legislation and Standards The cornpany engages pro-actively with legislation, standards and codes which are developed for the Sector. Derg Valley Care Limited subscribes to 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 unrestricted funds not committed or invested in tangible fixed assets held by the charity should equate to approximately 3 to 6 months of expenditure lapprox £300,000) lo enable the charity lo continue the current activities in the event of a signifscanl drop in fundraising. At 31 March 2024 the unrestricted reserves were £604.996 and as such the largel has been achieved. Risk Management Derg Valley Care carries out regular reviews of the major risks to which the organisation is exposed and is compliant with SORPS requirements including strategic risk management. A risk register has been established and is updated at least annually. ere appropriate. systems or procedures have been established to migrate the risk the organisation faces. Intemal controls are in place fr)r authorisalion of all transactions and projects. PrOdureS are in place to ensure Complian with health and safely of staff, volunteers. service users and all visitors. All policies and procedures are reviewed three yearly lo meet the needs of the organisalion. Approved by the Board of Trustees on 9 December 2024 and signed on its behalf by: Mrs l Montgomery Trustee MrJ Truste
Derg Valley Care Limited IA company limltèd by guarantee, not having a share capital) STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2024 The trustees. who are also directors of Derg Valley Care Limited for the purposes of company law. are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the Iruslees as the directors lo prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements 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 Iland, Section 1A (Small Entities). Under company law the trustees must not approve the financial statements unless they are satisfied that they give 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 statements, the trustees are required to.. select suitable accounting policies and apply them consistently.. make judgements and estimates that are reasonable and prudent., state whether the financial slalements have been prepared in accordance with the relevant financial reporting framework. identify those standards, and note the effect and the reasons for any material departure from those standards", and prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the Company will continue in operation. The trustees confimi that they have complied with the above requirements in preparing the financial statements. As explained in note 3, state 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 to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with. They a also responsible for safeguarding the assets of the company and hen for taking reasonable Steps for the prevention and detection of fraud and other irregularittes. Approved by the Board ofTrustees on 9 December 2024 and signed on its behalf by: Mrs l Montgomery Trustee Tru
Derg Valley Care Limited IA company Ilmited by guaranteg, not having a shar8 capltall INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF DERG VALLEY CARE LIMITED We have examined the financial statements of the company for the financial year ended 31 March 2024. which comprise the Statement of Firlancial Activities, the Summary Income and Expenditure Account. the Balan Sheet and the related notes. This report is made solely to the company's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged lo compile. report lo the Boerd of Trustees that we have done so, and slate Ihose matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent pemitted by law. we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our work. or for this report. Respective responsibilities of trustees and examiner The company's trustees (who are also the directors of the company for the PLJrposes of company lawl are responsible for the preparation of the financial statements in accordan with the requirements of the Companies Act 2006. The company's 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 slalemenls under section 65 of the Charities Act., follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9llbl of the Charities Act., and state whether particular matters have come to our attention. Basis of independent examinerfs 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 Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. An examination includes a review of the accounting records kept by the company and 8 comparison of the financial statements psented with those records. It also includes consideration of any unusual item5 or disclosures in the financial statements and seeking explanation5 from the trustees concerning any such matters. The protrdures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited lo those matters set out in the statement 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 Recomrnended Practice applicable to charities preparing their accounts in ac¢ordanTr with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 there is further information needed for a proper understanding of the accounts to be reached. Independent examiner'5 Statement We have no concerns and have come across no other matter5 in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Ml HAE RUMM FCCA 30a Gortin Road Omagh Co Tyrone BT79 7HX Date: 9 December 2024
Derg Valley Care Limited (A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 March 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Unrestricted Restricted Funds Funds Funds 2024 2023 2023 Total Funds 2023 Notes Incoming Resources Charitable activities Grants from governments and other co-funders Investments 41.724 448.927 490,651 43,586 447,351 490.937 4,542 4,542 953 953 Total incoming resources 46,266 448,927 495,193 44,539 447.351 491,890 Resources Expended Charitable activities 126.776 418,960 545,736 118,435 490.239 608,674 Net incomingloutgoing resources before transfers 180,5101 29,967 150,5431 (73,8961 142,8881 1116,7841 Gross transfers beeen funds 72,820 172,8201 Net movement in funds for the financial year {7.6901 (42,853) (50,5431 173,8961 142.8881 1116,784) Reconciliation of funds-. Total funds beginning of the year 16 617,686 125,289 742,975 691,582 168.177 859,759 Total funds at the end of the year 609,996 82,436 692,432 617,686 125.289 742.975 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate lo continuing aclivilie5. The note5 on pages 12 10 18 form part of the finanaal statements
Derg Valley Care Limited IA company limited by guarantee. not havlng a share capltsll SUMMARY INCOME AND EXPENDITURE ACCOUNT for the ffinancial year ended 31 March 2024 Statement of Finan¢ial Activitie$ 2024 2023 Gross income Unreslricled funds Restricted funds 46,266 448,927 495,193 491,890 Total income Totsl expenditure 495,193 1545,7361 491,890 {608.6741 Net In¢omel{expenditurel 150,5431 1116,7841 The company has no recognised gains or losses other than the results for the financial year. The results for the financial year have been calculated on the historical cost basis. The notes on pages 12 10 18 form part of the financial slalements 10
Derg Valley Care Limited {A company limltèd by guarantee. not having a sha ¢apitall Company Number: N1029538 BALANCE SHEET as at 31 March 2024 2024 2023 Notes Fixed Assets Tangible assets Investments 10 11 138,886 200,000 143,821 200,000 338,886 343,821 CurrentAssets Debtors Cash at bank and in hand 12 185,539 569.139 224.705 561.603 754,678 786,308 Creditors: Amounts falling due within one year 13 {347,7141 {318,3781 Net Current Assets 406,964 467,930 Total Assgts less Current Liabilities 745,850 811,751 Grants receivable 14 153,4181 {68,776) Total Net Assets 692,432 742.975 Funds Restricted funds General fund (unrestricledl 82,436 609.996 125,289 617,686 Total funds 16 692.432 742,975 The total unreslricted funds includes a revaluation reserve of £1125.333) {2023- £1125,33311 These financial statemerits have been prepared in accordan with the special provisions relating to small companies within Part 15 of the Companies Act 2006. For the financial year ended 31 March 2024 the company was enlilled lo exemption from audit under section 477 of the Companies Act 2006, and no notice has been deposited under section 476. The trustees confirm that the rnember5 have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the company keeps accounting CordS which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of ils 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 to financial statements. so far as applicable lo the company. The financial statements have been prepared in accordance with the provisions 8ppli¢able 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 Standard. Approved by the Board of Trustees and authorised for issue on 9 December 2024 and signed on its behalf by Mrs l Montgomery Trustee MrJL Trustee The noles on page5 12 10 18 form part of Ihe financial stalements 11
Derg Valley Care Limited IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 GENERAL INFORMATION Derg Valley Care Limited is a company limited by guarantee incorporated in Northern Ireland. The registered office ol the company is 5-7 Parkview Road, Castlederg, Co Tyrone. BT81 7AN which is also the principal place of business of the company The financial statements have been presented in Pound 1£) which 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 to the charity's financial slatemenls. Basis of preparation The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland FRS 102" applying Section 1A of that Standard. As permitted by the Companies Act 2006, the company has varied the standard formals in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in Complian with section 4.7, 10.6 and 15.2 of that SORP. Staternent of compliance The financial statements of the company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordan with the Statement of Recommended Practice ISORPI "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 accountlng The following are the categorises of funds maintained.. Restricted funds Restricted 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 with a fair allocation of overheads and support costs. Unrestricted funds Unrestricted funds are funds which are expendable at he discretion of the charity in furtherance of its objectives. In additron lo expenditure on activities such funds may be held in order to finance capital investment and working capital. Incoming Resources Voluntary income or ¢apilal is included in the Statement of Financial Activities when the company is legally entitled to it. its financial value can be quantified with reasonable certainty and there is reasonable certainly of its ultimate receipt. Entillemenl to legacies is considered established when the company has been notified of a distribution to be made by the executors. Income received in advance of due perfomiance under a contract is accounted for as deferred income until earned. Grants are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Resources Expended All resources expended are accounted for on an accruals basis. Ch8ri1able activities include costs of services and grants. support costs and depreciation on related assets. Costs of generating funds similarly include fundraising activities. Non-staff costs not attributed lo one category of activity are allocated or apportioned pro-rata to the staffing of the relevant service. Finance, HR, IT and administrative staff costs are directly attribLttable to individual a¢tivilies by objective. Governan costs are thos8 associated with constitutiop.al and statutory requirements. 12
continued Derg Valley Care Limited IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 Tangible fixed assets and depreciation Tangible fixed assets are staled al cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows.. Land and buildings freehold Plant and machinery Fixtures. fittings and equipment Motor vehicles 2Yo Straight line 20 % reducing balance 20 /0 reducing balance 20 /0 reducing balance Investments Investments held as fixed assets are staled at cost less provision for any permanent diminution in value. Income from other financial fixed asset investments together with any related tax credit is recognised in the income and expenditure account in the year in which it is receivable. Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the the company from government agencies and other co-funders, but not yet received at year end. is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit al banks requiring less than three months noti of withdrawal. Taxation No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. As a charity. the company benefits from various éxemptions afforded by tax legislation. It is therefore not liable to corporation tax on income or gains falling due within those exempts'ons. GOING CONCERN The financial statements have been prepared on a going concern 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 slatemenls. The budgeted income and expenditure is sufficient with the level of reseNes for the charity lo be able to continue as a going concern. On this basis the directors consider it appropriate lo prepare the financial slalements on the going concein basis. INCOME CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2024 2023 Grants from governments and other co-funders.. General running costs Healthy Living Centre Daycare services Luncheon ClublYPD Management charges Rent Grants DAERA 7,322 7.322 93.757 96,071 5.614 9.551 19.237 91.289 167,810 7.287 121,645 95.352 5,302 10.587 19,187 1,223 230,354 93.757 96,071 5,614 9.551 19,237 91.289 167.810 41.724 448,927 490,651 490,937 INVESTMENTS Unrestricted Restricted Funds Funds 2024 2023 Investments 4,542 4,542 953 EXPENDITURE 13
continued Derg Valley Care Limited (A company limited by guarantee, not having a shar& ¢apltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2024 2023 General running costs Healthy Living Centre Daycare setvices Luncheon ClublYPD DAERA 79.683 86,540 97,734 9,393 15,077 4.970 25.441 20,439 54,122 8.512 143,825 110,094 106,979 151,856 17.905 158,902 81,244 114.572 120.492 37,191 255,175 288.427 4.970 252,339 545,736 608,674 SUPPORT COSTS Charitable Activities 2024 2023 Travel and motor expenses General office expenses Legal and professional fees Premises expenses 27,485 191.263 23,468 10,123 27,485 191,263 23,468 10.123 23,353 275,913 23.765 20.238 252,339 252,339 343,269 ANALYSIS OF SUPPORT COSTS 2024 2023 Travel and motor expenses General office expenses Legal and professional fees Premises expenses 27,485 191,263 23,468 10,123 23,353 275,913 23,765 20.238 252,339 343.269 NET INCOMING RESOURCES 2024 2023 Net Incoming Resources are stated after chargingllcrediting}: Depreciation of tangible assets Independent Examiner's remuneration.. independent examination services Amortisalion of grants receivable 4,935 5,741 2,857 2,72S 11.2231 INVESTMENT AND OTHER INCOME 2024 2023 Amortisalion of capital grants received Bank interest 1,223 953 4,542 4,542 2.176 14
conb'nued Derg Valley Care Limited IA company limited by guarantee, not having a Sha capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 EMPLOYEES AND REMUNERATION The staff costs comprise.. 2024 2023 Wages and salaries Social security costs Pension costs 225,777 19,949 4.565 204,038 11,068 4,786 250,291 219.892 10. TANGIBLE FIXED ASSETS Land and buildings freehold Plant and Fixtu$. machinery fittings and equipment otor vehicles Totsl Cost or Valuation At 31 March 2024 168,859 293,999 69,334 27,359 559,551 Depreciation At 1 April 2023 Charge for the financial year 41,156 1.712 288,256 1,148 60.433 1.780 25,885 295 415,730 4.935 At 31 March 2024 42,868 289,404 62,213 26.180 420.665 Net book value Al 31 March 2024 125.991 4.595 7,121 1.179 138.886 At 31 March 2023 127,703 5.743 8,901 1,474 143.821 Three sites were acquired by the company totalling £51.000. Of the total grants received frorn the National Lottery Charities Board and charitable trusts, £45,333 was used to finan the siles. These sites have all been revalued to actual cost in the accounts. 11. INVESTMENTS Other investments Investments Cost At 31 March 2024 200,000 Net book value At 31 March 2024 200,000 At 31 Mar¢h 2023 200,000 12. DEBTORS 2024 2023 Trade debtors Other debtors Prepayments and accrued income 102,594 77,812 5.133 140,341 79.815 4,549 185,539 224.705 15
continued Derg Valley Care Limited IA Company Ilmltèd by guarantee, not having a Share capital NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 13. CREDITORS Amounts falling due within one year 2024 2023 Bank overdrafts Trade creditors 309,272 38,442 260,625 57,753 347,714 318,378 14. GRANTS RECEIVABLE 2024 2023 Capital grants received and receivable At 1 April 2023 Increase in financial year 2,132,516 209.965 1.890.046 242,470 At 31 March 2024 2,342,481 2,132,516 Amortisation At 1 April 2023 Amortised in financial year (2,063.7401 11.832.163) {225,3231 {231,5771 At 31 March 2024 12.289,063} 12,063,740) Net book value AI 31 ThAarch 2024 53,418 68,776 At 1 April 2023 68.776 57,883 15. RESERVES Revaluation reserve Funds Total At the beginning of the year Deficit fgr the financial year 125,333 617,642 {50.5431 742.975 (50,5431 At the end of the year 125,333 567,099 692,432 16. FUNDS 16.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Fund$ Total Funds At 1 April 2022 Movement during the financial year 691,582 173.8961 168,177 142.8881 859,759 1116,784) Al 31 March 2023 Movement during the financial year 617.686 {7.6901 125,289 142,8531 742,975 {50.543) At 31 March 2024 609,996 82,436 692.432 16
continued Derg Valley Care Limited IA company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 16.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2023 Income Expenditure Transfers between funds Balance 31 March 2024 Restricted funds Day Care Healthy Living DAERA Capital projects 2,790 62.150 60,349 96.071 142,485 180,131 30.240 151.856 106.979 158,902 1,223 52,995 144,2371 181,5781 53,419 29.017 125,289 448,927 418,960 172,820) 82,436 Unrestricted funds General reserve Luncheon Club and YPD 709,043 (91.3571 40,652 5.614 108,871 17,905 72,820 713.644 1103.648} 617,686 46,266 1126,776} 72,820 609,996 Total funds 742.975 495,193 545.736 692,432 16.3 ANALYSIS OF NET ASSETS BY FUND Fixed Financial assets fixed charity use assets Current assets Current Long-term liabillties defèrred income Total Restricted ftjnds 53,293 367.889 1191.768) (506,4851 1277,0711 Unrestricted general funds 85,593 200.000 331,165 153,326 453.067 1.223.151 138,886 200.000 699.054 {38.442) {53,4181 946,080 17. STATUS The company is limited by guarantee not having a share capital. The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of its being woijnd up while they are members. 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 adjuslmenl of the rights of the contributors among themselves. such amount as may be required, not exceeding £ 1. 18. CONTINGENT LIABILITIES Government grants received may be fjjlly or partially recovered in the event of the company failing to honour undertakings stipulated in the Letters of Offer. The total government grants included in the accounts to date amount to £2.342.481 12023.. £2,132,516). 19. POST-BAknqNCE SHEET EVENTS There have been no other significant events affecting the Charity since the financ'.?.l year-end. 17
continued Derg Valley Care Limited IA company limited by guarantee, not having a share capltall NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2024 20. TRUSTEE AND KEY MANAGEMENT PERSONNEL REMUNERATION The trustees neither received nor waived any remuneration during the year {2023'. NIL). There are no trustees accruing pension arrangements and the trustees did not have any expenses reimbursed during the year 12023. NIL) The key management personnel are considered to be the Chief Executive Officer. 2024 2023 Wages and salaries Employers, National Insurance 50,141 5,664 48,913 5.789 55,805 54.702 18
DERG VALLEY CARE LIMITED (A company limited by guarantee. not having a sharo capltall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 19
Derg Valley Care Limited IA company limited by guarante&. not having a share capltall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATErENTs Operating Statement for the financial year ended 31 March 2024 2024 2023 In¢ome Grants AcsS to work DAERA- Fed of Families NIHSSB Lunches Managernent charges Other income Rent 78,676 2,455 167.810 168,220 21,085 9.551 23,617 19,237 1,976 230.354 207,868 7,153 10.587 12.589 19,187 490,651 489.714 Expenses Wages and salaries Social security costs Staff defined contribution pension costs Rent payable Water rates Insurance Light and heat Cleaning and PPE Repairs and maintenance Printing, postage and stationery Telephone Motor expenses Travel and subsistence Legal and professional fees Programmes Management charges DAERA- Fed of Families Programmes - grant costs Accountancy Bank charges Teas and meals Consumables Lunches General expenses Subscriptions and donations Depreciation 225,777 19,949 4,565 13.989 187 4,025 2,643 814 5.311 1,199 4,577 27,633 1.355 7,289 16,332 9,956 154,287 14,952 2,857 1.265 3.750 4,931 11,285 1,498 375 4.935 204,038 11.068 4,788 14,450 156 4,270 9.917 895 12.477 5,295 3,682 23,353 346 7,762 6,732 12.647 255,175 2,725 1,192 5,630 11,994 2,954 1,389 5,741 545.736 608,674 Mlscellaneous income Amortisalion of capital grants reiVed Bank interest 1,223 953 4,542 4,542 2,176 Net deficit 150,543) {116.7841 The supplementary information does not fomi part of the financial statements 20