COMPANY REGISTRATION NUMBER: N1031478 CHARITY REGISTRATION NUMBER: NIC103791 DOVE HOUSE COMMUNITY TRUST Company Llmlted by Guarantee FINANCIAL STATEMENTS 31 MARCH 2024 REMOUNT F UMITED Charterad accountsnts & statutory auditors 43 Clarendon Str88t Derry BT48 7ER DOVE HOUSE COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Pago Trust888' annual report (Incorporatlng th8 dlrectors, report) Independent audltoffs report to the members Statement of flnandal activltle8 (Includlng Income and expendlture aCc￿nt) Statement of finandal p08111on Statemenl of cash flows 11 12 13 Notes to Ihe flnanclal statements 14 DOVE HOUSE COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTORS. REPORn YEAR ENDED 31 MARCH 2024 The trust••s, tho are also th8 dlractors for th8 purpos8s of company law, Pr￿nt thelr mport and thg flnanclal statements of th8 charlty for the year ended 31 March 2024 Ref•r•n¢• and admlnhlMtlv• detalls Reglgt•r•d charfty name Dove House Communlty Trust Charfty rngl8lrntlon numb•r NIC103791 Company r•gl8lratlon numb•r N1031478 Prfnclpal offlc• and regl$tor•d 32 Meenan Square BogBldé Oerry 8r48 9EX N Ireland Th• tN•t••s Mr p McGroaty Mr C Mcmwamin Ms E Allen Mr D Nellg M8 M Collln8 - Appolnled 04/03/2024 Ms O Drummond - Reslgned 1102/2024 Mr8 A McMonagle- Reslgned 19/01r2024 M8 A Doherty- Ra819nod 19/01M)24 Audltor Mr G G Heanay Claremount FM Llmlted Charteréd acuxjuntants & 8t8tutory audltor8 43 Clarendon Shat Derry BT48 7ER Bankor• Bank of Ireland 27 Culmoro Road Dery BT48 8J8 N Ireland DOVE HOUSE COMMUNITYTRUST COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIREcfoR8' REPORT) (wnunuodj YEAR ENDED 31 MARCH 2024 8tructur•i gov•rnIn￿ and managomont Dow Hou8¢ ComMu￿ty TnJ8t Is a charltable company Ilmmed by guarantee, In¢￿Porated on 22nd Oclob8r 1996. The company was establlshed under a Memorandum of A880clation whlch 83tsbltsh8d Ihe obJeG18 and power of the charitable company and18 governed under the artlcte8 of Assoclatton. In Ih event of the o)mpany balng wound up members we requlred to contribute an amount not excaedlng £1. Dove Pkuse Cc#nmunlty Trust reo18tered wlth the Charlty Commls8ion tr Nl on 22nd Noverrd>8r 2015. Re8erve8 PoHcy Dove Housa Commudty Trust recelves fundlng from a number of dlfferent sources. Th¢ fundlng18 norn)ally provlded for erl agreed perlod, usualty ono, tAVO or three years or as one-off grants. Dove Hou88 Man8g8fl&nt Comm5tt88 b8llèv8 1115 Important to hold 88 finandal re8eprfe8 the fvnd8 nace888ry to ensure an ordered arKI prnpar do8lng of Dove Hou88 Cornrnunlty TN8t. The Managemgnt Commlttee onty wl8h to have th888 flnanclal reserve8 at a mlnlmum Iw61 and wlll Ihereforo re￿OW the fund8 r￿1r9d annually. Cutr•nt Polky The Management Commlttee h88 881 a r888rves pollcy, whlch r8quir88 that,. Re8erves are malnl2lned 8t a level, vthlch ensur88 that Dove House's core acllvlty could contlnue for a ffllnlmum parlcAI of 3 months durlng a P8flod of unfor&8een dlfficully. Reserves are bullt up to ensure Ihat Dove House core actlvlty could contlrwe for a perfod of 6 m¢nih$, to prnvlde sufflclant opportunty to dev8lop and Implement fundrfa181ng activltles whllst provldlng a su8taln6bla Bervlca to the communlty. A proportSon of resTh8 ara malntalned In a rnadlty r6all8able fomi. The ¢akulallcn of tho roqulred Iw•l of raswe8 18 an Int•gral pert of the or9anl8atlon'8 plannlng, budget and forecast oclo. It lakos Into account: 1) Rlsk a88ocJated wltr ￿ch 8tream ol Income and expendlture belng dlfferenl from that budg8t•d. 2) Planned a¢tlvlty le￿1, 3) Dove Hous8 Communlty Tru8l's commltments. Th8 reserves pollcy wll fund: A) kny redundancy pa!1m8nts du• lo M)ployee8, B) Temlnatlng servl¢e8 Gontracts Such as offlce rent and oqu*m8rt C) Contlngency sum for oulstandlng Ilabllldgs. D) Accountancy, audll and other prof898lonal co8t8. D•slgnatlng furth•r fvnds As part of thelr annual planning and budgetlng wle, Dove House Management Commllleo wlll establish g deslgnatoc redundancy fund al a 8um approxlm8tely equatlng to thr8e m(ths payroll costs for staff and an ￿ldItIonal deslgnat•d fund to ¢￿Ver further costs assoclating wlth wlnding-up the organlsatlon. The remalnder of Dove House's reserrfes wlll be mado avallabl8 to covar shortfalls Dov• Hou8e* funthrnisirvJ as necessary. 8ubJect to Management Committee approval. It may b8 nece&88ry frJm Ilme to tlme for Dove House Management Commltte8 lo d88lgnate fvNling In Dov6 Housè's a¢c(wnts to cover operatlonal costs occurrlng in a subsequent year. Deslomated funds wlll be revlewed and raeommanded by Dovg HouBe'8 Financo Sub {conrfnu•dJ YEAR ENDED 31 MARCH 2024 Skllls North West Thls community a¢tknn employabllty ltralning people who ar• ewnornicAlly hactlve, Helplng adults from the labour marke( tr&Jitionally excluded and Isolated and caught Into a hlstorfc cycle of worklesgness and poi'8ty. We a881st P8opl¢ Into employment, educatlon and tnlnlrKJ and enhanc thelr18vels of modvalion and confldence In applylng for work or enterlro furthr or hlgher educatknn. Maln AcNevement8 In th18 pwiod Indud6 th followiffj: Starter Stats.. Number of reglstr8ti(Th - 108 Exlts St£ts.' Exlted to Employment- 14 Exited wlth a Quallflcallon - 3 Supported Into further educalon - 3 Tralnlng stat8.. L•val 1 quallflcatlons galned . 97 Non Accfedllgdllndusty 8pecmc quallltcallon$ galnad- 52 Level 2 quallflcatlons- 18 Th• Advocacy Projoat Thè Advocacy Project provldes 088entlal $upport to $urvlvorn of coerclva control lo eneble them to reach a mor8 posltlve safe and h8althler fuiwe for Ihem88lv88 and tholr farnlly. The project support• men and wunen Imparted by dome8llc and 88xual abuse. Wth In the project peer support fortnlght ¢offe¢ momlng8 take pl8C8 to 8UPPOrt each othgr In a safe envlronment. Wallb?lTha cour8e8 and self-care cour888 are run to holp cllents wlth thalr m•nlal h•alth and traumatlo respon888. Sewlng and arts and ¢rafts are run lo bulld 6klll8 and help people féel188818olated followlng dom88ttc vlolen¢e and more knVo￿l and po8ttlve. One to one 8essl(mS SLVPOrt tak88 place dally In Dove Hou60 and thls can invofv6 8UPPOrt wlth legal 188ues, sodal servlc68 maellng8 and comunlty 8afety18sué8 regardlng hou8lng and Ilnklng In wlth the PPS, th8 PSNI, Vlcum support and other crlmlnal iustlce agenci85. The88 Intera¢tion8 are led by tho cllenvs unlqua 8UPPOrt naeds. Over thé past year, project has fa¢llttated the dom88tk abuae subgroup 8uch as Aahmore House and Actlon Mental Heallh. Cllents have bean referred onto a dlagnos•d to 8peclaMty support 8uch as couns8lllng and Gqncar 8UPPOrt vla lh8 plnk ladl88. Irrfonnation sessions have been facllltated by Ihe advocacy offlcer and volunteer8 kn pllots, row, Foylo new horlzon8, CNP, the Ga8yard and Ashmore House. R8ferr818 come from GP swgefles, Dove Hou80 8dvl¢8 servl¢e8, Ashmore House. Swa 8tai( Aclbn Menlal Health. drop Ino and 8elfnferrals due to word of rnouth. DOVE HOUSE COMMUNITYTRUST COMPANY UMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS, REPORT) YEAR ENDED 31 MARCH 2024 Maln achlevemené8 The Covld-19 pandemlc prasanted chaI￿ng8S to all of us slnce March 2020, wlth challenges CAJntinulng to be evklent In our ¢ommunitSes but Dove House staff and voluntèers, In partnershlp wlth other groups across the area r088 to Ihe challeng8 and ensured that our 8epilce8 were mada av8llabl6 to a6 many peo￿8 as po8slble. Flnanclal R•vlew Tho Trustees conslder Ihe financl81 Msult8 to be satlsfactory. The net Incomlng r080urces for th8 year amounted to £1.284 of whlch (£2,959) was restrlcled Incomo and £4,243 was unrestri¢led. (2023 - nel outgolng resourc￿ (£296) of whlch (£3.375) was ro8trlthd IrKome and £3,079 was unr8strlcted). The total reserv88 at the year-end amounted at £188,255 {2023 - £184,971), The trust988 alm to hav6 a r886rv6 covarlng at least threa month6 wandlture and radundancy co818 In th8 •vont of ce&8atlon of fvndlng. Plan• forfulurn p•rlod• Desplte the ¢hallonge8 and dlfficullle8. there are opportunities for Dove House, the l¢xal Gommunlty bve serve. The urban vlllag88 programme pre80nts us all wlth the opportunlty to make the most $lgntllcant dlfferanca aqd transf0M￿tIon change to the area. Dove Hou9e has contlnuad to work In partnershlp wlth other stakeholders and statutory bodles to brfng about the much-ne8ded chang& and re development of the Meenan $quar6 complex. The 81tè was demollshed In August 2021, and It Is hoped thal tho furth6r progre88 for the transf0m￿tIon wlll happen kn the next year. DOVE HOUSE COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTORS, REPORT) (conUnu•dJ YEAR ENDED 31 MARCH 2024 Tru8tM•' rMpon8lbllltl•s •tatem•nt The tfu8te88, who ar8 also dlrectors for the pu￿08e￿ ol company law, are re8ponslble for preparlng the trustees, r8POrt and the financial statements In accordance wlth appllcabl8 law and Unlted Klngdorn Accountlng &andard8 (United Klngdom Generally Acc8Ptod Aco)unthg Pra¢U¢e). Company law requSr88 Iha chartty tru8te88 to prapgre tlnandal 8tatsm6nts for ooch year whlch glv? • and falr vlow of tho Stats of affaltE of Ihe tharttable company And Incomlng resourcK and appllcatlon ol resources, kncludlng the Int>)me and axp8ndliur8, for that pertod. In préparfng the88 flnanclal statements, the tru8te88 are requlr8d to: 8•l•ct sullabla amnting pollcles and then apply Ihem ￿nsIstenI[Y. ¢b8erve thg mathod8 and prln*l08 On tho appllcabh Charlttss SORP; rnake judgment8 and accountlng estlmat68 that ar• reasonable and prLKJ￿t. stata wh8thér appltcable UK AG¢ountlr6 Standards have been follow￿, subject to any mAl8rlal departures d18cl¢xed and explained In th8 flnancl81 statements; proparo ihe llnanclql 8tatement8 on th8 golng concern bag15 unl•88 It Is Inapproprbat• to pr•8um• that tho charty wll contlnue In buslne88. Tho tru8ts08 are rn8pM$lbla for ko8plng adequats apxountlng record8 that are 8ufficlent to ghow and explaln the chartV8 tran$actlon8 and dlsc1088 wSth rea6onabla accuracy al any the flnanclal P081tlon of th8 charlty and enable them to •n8Llm that the IInanc￿l siatèments ¢orry)ly wlth th8 Companlas A¢t 2006, They are also responslble for 8afeguardlng the assets of the charlty and hence f¢r takkng roa80nable 81ep8 for the prevenllon and d8tecllon of fraud and other Srrogularltlo8. Audltor Each of the persons wtr¢ Is a trustee at the date of 8pproval of thlg r6port conflrms thal: so far 88 th8y ar• awaro, th•Fo 18 no rolovant audlt Inforniatlon of whlch the tharlivs audttorlg unaware; and hav8 taken all 8tOP8 that Ihey ought to have taken a8 a trustse to make themsefves awar6 of any relevant autht Informatlon and to estabN8h that the ¢harfty% audltor Is aware of that Inf¢rniaUon. Small company provlslon$ Th15 rewrt has been p*pared In accordance ￿rth the provlslon8 8ppllcable to cornpanles entltled lo the small cornpanl85 e￿mptIon. The trustoos, annual r￿Ort and the 8traleglc report were apwoved on 301h January 2025 and s on behalf of Ihe board oftrustee8 by: ned Ms E Allan Trust•• Mr P M¢Groarty Trust•• DOVE HOUSE COMMUNITYTRUST COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DOVE HOUSE COMMUNITY TRUST YEAR ENDED 31 MARCH 2024 Oplnlon We have audlted the finan¢lal stataments of Dove House Cornrnunlty Trust (the 'charW) for the year ended 31 March 2024 whlch comprf8e Ihe Statement of flnancial acllvitl•8 (Includlng income and expendlture account), stat8m8nt of financlal F)osltion, statem8nt of cash flow5 and the related not8S, Includlng a 8ummary ?f signmcant accounting pollcle8. Tha Ilnanclal reportlng framework that ha8 baen applied in thelr preparation Is applScabl8 law and Unlted Kingdom Accountlng Standards, Includlng FRS 102 Flnanclal Reportlng Standard applicable In th• UK and Republic of Ireland (Unlted Kkngdom Generalty Axoptsd Accountlng Prartlce). In our oplnlon th• financial 8tat8ment8: glve a tru6 and *olr vlew of the 8lale ol lh8 charlvs affalrs as at 31 Mard12024 and of Its comlng resources and appllcatlon of r880urces, Includlng Its Income and exp6ndlture, for the year Ihen •nd•d; have been prO￿rIY prepared In accordance wlth Unlted Kingdom Generally Att•pt8d Account5ng Practi= haw bean preparnd In Kcordancg wlth the requlrements of th? Charflle8 Act (Northern Ireland) 2008. Ba81$ for oplnlon We ¢onducl8d our audtt Sn acoordance wlth Intematlonal Standards on Audltlng (UK) (ISA8 (UK)) and appllcable law. Our respon81bllltl88 under IhoÈ8 standards ar• further de8crfbed In tho audllorfB re8ponslbllllie8 for the audlt of the flnanelal 8tatoments sa¢tlon of our report. We are Independent of the charSty In aCc￿danCe wlth the elhlcal requlrements that are relevant to our audit ￿ th@ flnanclal Ftatemanls In the UK, Includlng Ihe FRC'8 Elhlcal Stand8rd. and we hav• fvlfilled our other ethlcal responslblllll88 In 8cCO￿anCe wilh th880 roqulrements, We belleve that th? audll evldence we have oblalned is 8uffident ar£1 approprlate to wovlde a basls for our opinion. Coneluslom r•latlng to golng conc•m In audltlng the financ1* 8tstements. we have conduded that the irustees, use ol the golng concern ba81s of accountlng In the p￿paratIon of the financlal statements Is approprfat8. Based on the wort< we have perforrnod, we have not Identffied any materfal uncertalntles r8latlng lo events or COr￿ltIonS thal, indlvidu8lly or collectlvely, may cast slgnlficant dolbbt on the charlty'3 ablllty to conunue as 8 golng concern for a period of at least twelve fflonth8 fr¢m when the flnanclal statements are authorlaed for Issue. Our re8porffjlb115tle8 and the respon$lbllltles of the tru8tee$ wlth respect to golng concern are doscrfbod Ihe relevant secttons ?f th18 report. DOVE HOUSE COMMUNrrY TRUST COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DOVE HOUSE COMMUNITY TRUSTfrondnu•dJ YEAR ENDED 31 MARCH 2024 Other Inforniat The ott*r Infomiatlon cornprlses the Informatlon Included In tha annual reprt other than the fin8rd81 8tst8mqnts and our awditor's report thereon. The trustees are responslble for th8 Other Inf0m￿lIOn. Our oplnlon on tha fknandal Statements does not cover the oth8r InfOrMa￿On and, èxcept to the extent otherwF80 expltclfly stawd In our report, wo do not expr888 any forni o1888uranc8 ¢onclu8lon th8r80n. In connectlon wlth our audlt of tho lInanc￿l 81atem8nts, our r•8pon8lblllty IB to read the other Informatlon and, In dolng so, conglder whether tha other infomiatlon Is matertamy Fnconslstant wlth the finand818tstements o" our knowledge obtalned In the audlt or olhorw188 appear8 to be materlally m18slated. If we Idently Buch mat•rlal Incon8lstencl88 or aFYJarent materlal ml88tatements, we ara requlred to daterni5ne whether thorn 18 a matorial ml8Staiement In Ihe flnanclal Statements or materlal m18Statem8nt jf the other Inft)mi8tlon. If. baséd on tho wotl( we have perfonmd, we Goncludg that there Is a materlal ml8statem6nt of th18 Othor Informatlon. we are requlrad to re￿￿ that fact, We have nothkng lo rew)rt In th[$ regard. Matt•r• on whlch w• •r• r•qulr•d to r•port by •xc•ptlon In th• Ilghl of the knowledge and understandlng of the charlty and Its envlronmenl obtatned In Ihe cour8e of the audlt, we hav• nol Identified materlal mi88tatsments In the tN6tee•' report. Wo nolhlng to report In resp•et of ttK folknylng matt•r8 In rolatk)n to whlch the Charfths Aot (North•m Ireland) 2008 requ1188 U8 to rnport to you If. In I￿r oplnlon: the Infomiatk)n gryen In th• trustee8' report 18 Incon818tant In any matsrlal retspe￿ wlth the tlnan¢lal statemerts; ar adaqu￿8 accountng rewrd8 hava not bo•n kept; or the financ￿[ $tatem•nt8 arg not In agreement ￿th the a¢¢ountlng rocord8 ond retwns: (Y we have not r¢¢elved all the Infomwtlon and axplanatlons wo require for our 8udll. R•spon8lbllltl•8 ol tKuste•s As explalned more fully In the intstees, respon8lbllltle8 8tatsmenl. the InJstee8 are responslble for the praparatlon of Ihe fln8n-lal stat8n￿nIS and for belrKJ $al￿fied that they glve a tfue and fair vlew, and for such Internal control as the trustees d¢temilne Is necessary to enable tho prgparatlon of fln8ndal statements that ara freg from materlal ml88lalemant, whether dua to frwd ff error, In preparlng the ffinanclal stalements, the tru8tee8 ar8 re8ponslble for ass88slng tho charlvs abllity lo contlnue as a golng co￿eM, dlscloslng, as appllcable, matters related to gotrig ¢oncem and uslng tha golng concern ba8is of accounting unless the trustees ellher Intern1 to Ilquklate lh6 Charlty or to cease operation8, or have no r8a113tl¢ altematlve bul to do so. DOVE HOUSE COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DOVE HOUSE COMMUNITY TRUST (Gvntlnu YEAR ENDED 31 MARCH 2024 Audltorfs rn8poMlbllltle8 lor the audll of tho flnanclal •tat•m•nts Our objectlves are to obt81n reasonable a88urance about whethgr the financlal 8tatsments a8 a whole are free from material mlsststemenl, whether due to fraud or error, and to i88ue an audltorfs report Ihal Indudes our oplnton. Reasonablo assurance18 a hlgh Iwoel of a8suranoe, but Is not a guarantee Ihat an audlt conducted in 8ccordanc& wllh ISAF (UK) WMI alway8 deted a rnat8rfal mls8talernent ￿en11 •XiSts. Mi88tatem8fbts can arlsa from fraud or error and ar• cr statutory Auditor) for and on b•half of Clargmount FM Llmlt•d Chartered ac¢ountaMs & Statutory audltor• 43 Clarendon Stre•t BT48 7ER 301h January 2025 10- DOVE HOUSE COMMUNITYTRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIE8 (INCLUDING INCOME AND EXPENDITURE ACCOUNT) 31 MARCH 2024 2024 Re8trtctod fund8 Tolal funds Totsl fund9 2023 Unrestricted funds Nol• Income •nd •ndowmont• Donatlons and legacl8S other trading aGtlvitie8 Total I￿0￿6 416,756 416,758 18,326 428,426 14.503 18,326 18,328 416,75e 436,082 442,929 Exp•ndSturo Exp8ndlture on charft8bl8 actlvltl88 Other gxp8ndllur8 Total •xp•ndttur• 430,273 2,959 433.232 430,273 3.526 433.798 439,106 4,120 443,225 N•t Ineomal{•xp•ndlturel 17,780 {16,476) 1.284 1296) Transfers botween fund8 {13,517) 13.517 Not rnov•nwnt In funds 4,243 (2,959) 1,284 {2￿) R•conelllatlon ol lund• Totsl funds brought foThYard Total fund8 ¢arrl•d forward 119.298 123,541 65,673 184,971 186.255 185,267 184,971 82.714 The Statement of finan¢lal a¢tivltles Includes all galng and10s888 racognllgd In th8 yaar, All Income and 6xpendlture derlve from condnulng actlvltle8. Th• notog on pag•• 14 to 22 forni part olthw flnandal stst•rn•nts. 11 DOVE HOUSE COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 2024 2023 Flx•d a8g•ta TaryJlblo fixed a8sel8 13 113,057 118.506 Cufrnnt u8•t8 Debtors Ca8h at bank and In hand 14 9,978 128,688 138,646 32,478 1￿.408 138,887 Cr•dllor•: amounts falllng due wlthln on• year N•t curr•nt a•Jot• 16 25,604 113,283 231,789 117,790 230.847 Total as8ets1088 current llabll1t￿s Cr•dltor•: amounts falllng du• aftor mor• than on• y•ar N•t as8et• 17 44,592 186,255 46.818 184,971 Fund• of th• ¢harlty RostrfCt￿ fund8 Unre8tr1cted fund8 62,714 123,541 186.255 65,673 119,298 184,971 Total charlty fund• 21 For tha year endlng 31 March 2024 the charlty wa8 entltled to exemption from audtt under s•¢tlon 477 of the Companles Act 2006 relatlng io small companlos. Trustees, re8pon81bl1lti￿. The membern have not requlred thè tharlty to obtaln an audlt of It8 tlnanclal statements for Ihe year In que8tlon In aecordance w61h sectlon 476; The INste86 acknowledge thelr r8sponslbllltles for complylng wlth tho requirements of the Act wlth r98pect to acoountlnq rec(Kd6 and tha preparatlon of flnanclal statements. The88 financlal statements Ware 8pproved by th• board of InJ8tae8 and authori8ed for is8ue on 301h January 2025 and ara slgned on behalf of the board by; sEAlhn Mr P MaGroarty TN8ta• Company rng18trallon number: N1031478 Th• nolo8 on pag•s 14 ts4 22 fonn part of Ihuo fin•nclal 8tatém•nl& -12. DOVE HOUSE COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operatlng actlvltlos N81 Income 1,284 <298) AdJu8tments for.. Depreckti¢n of tenglble fixèd 8888ts 5,449 6,007 Changes In.. Trade and othgr debtorn Trad8 and other credllors 22,500 (6,974) 22.259 22,259 39,686 113.737) 31,670 31,670 Ca8h generated from operatlon8 N8t cash from oporaiing a¢tEvllle8 Ca•h flow* from Invegllng acllvftlg• Pur¢h&86 of tsnglbla 888et8 Nel used In Invesllng a¢tlvllla8 Cash IIow8 from Ilnanclng Not Incroa$• In eaah and cash equlval•nts Cash and cash •qulvalents at beglnnlng of y•ar Ca8h and eaih equlval•nt• at •nd ot year 22,259 106,409 128,e88 31,870 74,739 106,409 15 Tho nole8 on pag•8 14 to 22 form p•rt of ihose ffnanclal •latements. 13. DOVE HOUSE COMMUNITY TRUST COMPANY UhllTED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Gon•rnl Informatlon The charfty Is a prlvate company limited ty guaranlee, reglstored In Northem Ireland and règlstered chwlty In North8rn Ireland. The addr•is of tha reglstered offlce IS 32 Meenan Square, ogside. Derry, BT48 9EX, N Ireland. Stalament ol compllanc• Thes6 financlal Statements have been prapared In compllance wlth FRS 102, 'The Flnandal Reportlng Standard appllcab18 In the UK and the Republlc of Ireland,, the Statemont of Rac(Ynmended Practlcé appll¢able to charltles preparlng their ac¢ount8 In accordance w6th Ihe Flnandal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102) (Charlllea SORP (FRS 1021) and the Chafltles Act (Northern Iroland) 2008. A¢counllng pollcle• Ba818 of pr•paratlon The Ilnancl81 statement8 havo been preparod on the hlstorlcal cost bas￿, as modlfled by Ihe rovaluatlon of certaln Ilnanclal as8et8 and Ilabllttles and knveslmenl propertie8 measured at fatr value through income or expendllure. The flnanclal statement8 aro prepared In 4terlkng, whlch 18 th¢ functlonal currèncy of the entlty. Golng ¢onwn There ar8 no materfal uncertalntS8s about the ¢harlty's ablllty to oontlnue. Fund accountlng Unre8trfcled fund8 are avallabla far use al the dlscr8tlon of tha Iru8tee8 to further any of Iha ¢harlV8 purp08es. 088lgnated fund8 are unrestrlcted funds earmarked by the trustees for partlcular fuiure projeot or commltment. Restrlclad fund8 ore 8ubloct8d to Mstrlctlon8 on thelr expendlture d8darod by tho donor or throuth tho 18rm8 Qf an appeal, and fall Inlo one of two 8ub.cla$sos: rastrfcted In¢omg funds or andowment funds, Incomlng rnsOU￿•3 A',1 IncomlNJ resources arn Included In the 8tatemant of flnanclal actlvltlo8 when ontltlement has pa888d to the tharfty; It18 probable that the p¢x)nomlc beneffls as80clatad wlih the tran$a¢tion wlll flow to the ¢harlty and the arnount can be rellabty measurad. The followlng 8peclfic pdlcles are applled lo partlcular categorles of Income: Income from donatlons or granls Is r?￿gnISed bvhen there 18 •vlden¢8 ol On￿llement lo the gK( recelpt Is probable and Its amounl can bg meAsured rallably. legacy Income18 recognls8d when recelpt Is probable and ontltlement18 estsblhhod. Incom¢ from donated goods 1$ mea8ured at tho falr valua of tho goods unle98 Is Impractlcal to measuro r811ably, In whlch c88e the valu816 derlvad from th6 co81 to the thor or Ihe estlmat8d resale valuo. Donated facllltles and 8er41c8s are recognlsed in the accounts when Tecelved If the value c4n be r8li8bly measur¢d. No amounts are Included for the cOntd￿lj¢n of genefal volunleers. Incom8 from contracts for th¢ 8upply of $•rvlce8 Is r•cogn18ed with the dellvery of tho ontracted ser¥l¢e, Thb 18 cla891fi8d a8 unreslrkted funds unless th•re 18 a contractual requlrement for it to be sp8nt on a partlcular purpo8e and relurned rf un8P8nt. In whlch case It may be regarded as restrlcted, -14- DOVE HOUSE COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (Gonllnu•dJ YEAR ENDED 31 MARCH 2024 Accountlng polldgs (¢onthiii•dJ R•$ourc•B •xp¢nd•d Expenditure Is recognlsed on an accruals basls as a Ilabillty Is Incurred. Expenditure includes ary VAT which cannot b8 fully recover8d, and Is classified under headlngs of the 8tat•menl of flnanclal actlvltles to whlch It relates: Costs of generatlng funds ￿mprIse tha ¢08ts 888oclated wbth attractlng voluntary Inc4rn0 and the Costs of tradln9 for fvndral8lng pu￿oseS Indudlng the charlty's ¥hop. Charltabl• oxpondltura cornprl8e6 those costs Incurred by Ihe charlty In the delivery DI its acllvltles and servlce8 for Its beneficlarles, It Includès bolh costs that ¢an be allocatéd dir8clly to 8uch a¢tMllo8 and th088 costs of an indlract naluro neceJ•ary to 8UPPOrt them. Tanglblo a84ets Tanglblo 8$$et8 are Inllially recorded al cost, and sub8oquentty 8ts1ed at cost 188s any accumulatod depreclatlon and Impalrrnont 108ses. Any tanglble assots carrl•d at revalued amounts are fo￿ld0d at Ihe falr value at the dato of r8valuatton la88 any aub50quent accumulated d•prociation and subsequent accumulated Impalnn•nt lo￿68. An Increase In the carrylng 8m¢)unl of an asset as a r88uIt of a r8valuatl¢)n, Is recogn180d In other recognlsed g8ln$ and losses, unless It r8ver8es a charge for Impaimient that has pr8vlou8ly been re¢ognlsed as expendlture wiihln the statemant of flnanclal aGllvltie8, A decrea3e In the carylng amount of an 8S8et as a ra8uIt of r8v8luatlon.18 r8cognl88d In othér re¢ognl8od galns and198ses, excapt to whlch It offsets any prevlou8 revaluatlon galn, In whlch cas• the 108s is shown wlthln olher recogn18ed gains and1058e8 on the statemeni of financlal acti￿1188. D•pr•elatlon Depr•clatlon 18 ca'culated so as to wrfte off the cost or valuatlon of an asset, 1886 It8 resldual valuo, over the useful economlc Ilfo of that asset as follows: Land and property Flxtures. fltUng8 and equlpment 2% stralght Ilne Motor vehlGle8 20% redudng balance - 25% stralght Ilne Impalmi•nt of fixed a88•ts A revl8w for Indlcators of Impalmient18 carrfed oul at each raportlng date, wlth the recovarable amounl belng e8tlmated whern Such Indlcators exlst. Where Ihe caryln9 value exceeds ihe recoverable amount, the asset Is Impalred accordingly, Prior Impaimients are al80 revlewed for possible rovarsal at each reporting date. For Ihe purposes of Impalmient t9811ng, whon 11 Is not POS8lble to ¢St￿￿te the recovwobl• amount of an indlvldual a88et. 8n 88tlmate Is made of the recoverab18 amount of the ¢ash.generating unit to whlth thg asset belongs. The cash-generallng unlt Is the smallost Identifiabl8 group of assets that Include8 the asset and g8nerate8 ¢ash Inflows that larg81y Independent of Ihe cash Infiows from other assets or wps of asgets. For knpaimient testing of ￿OdwIll, the goodwlll acqulred In a busln888 comblnatSon Is, from the acquisition date. alk)cated to ea¢h ol the cash-g6neraling unts that are expe¢ted to benefit from Ihe synergie$ Of tha comblnaik)n. irrespectlve of whether Oiher assets or li8bllltl8s of the charity e asslgn8d to thos8 unlts. .15- DOVE HOUSE COMMUNITYTRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS fconllnu•dJ YEAR ENDED 31 MARCH 2024 Accounllng pollcl•g (¢•Allnu Flnanclal In•trum•nt8 A flnanclal 888et or a Ilnanclal118blllty1g MCOgn18ed only when Ihe charfty becom88 a party to th• contra¢tual provl$lLmS of the In8trument. Baslc financ￿1 Instruments are Initlally recognls8d at the amount recelvablo or payable InGluding any relat•d tran8actlon ￿Sts. Curmnt a88ets arKI current Ilabllltles ar8 Bub8equently meatsured at tho ca8h or other conslderatlon expectad to b¢ pald or re¢etved and not dlscounted. Debt InstNmant8 am subs8quently moa8ured at amortlsed cosL Wher8 Investments In 8hares are wblidy traded or falr value can otherwlse be maasured rallably, the Inveslm8nt 18 8ub8equently measured at falf value wlth Changes in falr v81ue reCOg￿3¢d In Income and exp8ndltur8. All other such Investments aro subsequently measured at cost le88 Impalrmanl. Other finandal In81rumonts, Indudlng dor1vat1￿S, are InltEally recognl8ed at lalr value, unlass payment for an ass8t1g deferred beyond normal buslnes8 lam￿ or financed at a rate of Interest Ihat18 nol a market rate, In whl¢h c888 the as88t18 m88surad at th8 wesent value of the future payments dSsGounted at a m8rk8t rate ol Intere8t for a Slmllar debt Inslrumenl. Other flnanclal Instrumonts are 8ub88qu8nlly mea8ured 81 falr value, wllh any changes recognlsed h the ststemant of financial a¢iivltles, wlth the excepllon of hedglng In8truments in a d8slgnat6d hadglng relatlonghlp. Flnanclal a986ts that are measwed at cost or amorti8ed c08t are r•blewed for objective evldenco of Impalmenl al the end of each roportlng dato. If there18 objecllve evldenco of Impabment. an Imp8lrment Ios8 is recognlsgd under the appr(prlate h8adln9 In Ihe Statoment of finandal acllvltles In whlch the Inltlal galn wag racognlsed. For 811 e(¥Jlty Instruments regardl•8s of 81gnlficance, and other financlal 8$8et8 that aro Indlvldually slgnlltcanl. IheBg are 88se88ed Indlvldualty for Impalrment. Other flnanclal as8et8 are elther a8888s6d Indlvldually or gr￿￿d on the ba81s ol slmllar Gredlt rlsk char8Cterl8llcB. Any r6v8rsals of Impakfflent are recognls•d Immedlately, to t1￿ extent that the rever8al doe3 not resutt In a cafryino amounl of Ihè Ilnanclal asset that excggds what Ihe carrylng amount would have been had Ihe Impalmieni not prevlou8ly been ra¢owl8ed. O•fln•d conlrfbullon plan8 Contrtl)ulloTh8 to dofinod Contrlbullon plans ara recognl8ed a8 an oxpens8 in the period In whlch the related seNke Is provlded. Prgpald cOntr1t￿￿on6 are re¢ognlsed as an asset kn tho 8Xt8nt Ihat the prepayment wlll18ad to e redu¢tion In future payment8 or a cash refvnd. When cont￿￿tIonS are not 8Xp￿ted to bo settled wholly wlthln 12 month8 of Ihe ond of the reportlng dats in which the gmployee8 render the relatad serrfice, the liabllity18 ffleasured on a di$counted presènt vabJe basi5. The unwindlng of Ihe dlscount18 ro¢ogn188d as an exp8ns8 In the pertod in whlch it ari8e8. DOVE HOUSE COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (-.dmwdJ YEAR ENDED 31 MARCH 2024 Umltsd by guarants• Dove House Communlty Tru8t Is a company Itmlted by guaranlee and accordkngty doe6 not have a ahara capltal. Every member of the company undértakes to conlflbute 8uch 8mc)unt 88 may be requlred not 8xceedlng £1 to Ihe assets of the charltsble company In the event of It belng wourKI up while he or She Is a member, or wlthln one year after he or she cease$ lo be a member. CharHablo Actlvltlos Grnnt8 Recalv•d Reslricted Tolal Fund• FurKI8 2024 ReStrIct￿ Total Funds Funds 2023 Oonatlons Departrnent for Communllles Dery city and strabana 018trlcl Coundl BB Health Forum Su¢co88 NW D Mac N Award NHIP The Executlw offK• 113,394 113,394 121,522 121,522 229,979 2,580 46,574 4,120 1,500 18,609 416,756 229.979 2,580 46,574 4,120 1.500 18,609 418,756 216.451 2,800 27,391 21e,451 2,800 27,391 80,262 428,42e 80,262 428,428 Olh•r a6tlvltl•s Unrestrfcted Total Funds UnreBtrict8d Total Funds Fund8 2024 Funds 2023 Fundro1sSryJ and Sundry Income 18,326 18,326 18,328 18,328 14,503 14,603 14,503 14,503 .17. DOVE HOUSE COMMUNITYTRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (￿nd￿u•d} YEAR ENDED 31 MARCH 2024 7. Expendlturn on charltable actlvltl•8 ty lund typo Un￿sIr1¢￿d Restrlctad Total Funds Fund8 Funds 2024 Prograrnme ex￿n888 Wage8 and salarfes Rent arKI 8ervlGe charge8 Insurance Repalrs and malrtenance Llght and Heat Staff travel and 8ubglstenca Prlntlng. pos* and statlonery Telephona knunlancy Fee Audltors mnumar8tithi 48,504 336,851 7.000 8,177 8,056 7,875 165 4,784 4,981 1,950 1,950 430,273 336,851 7,000 8,17Y 8,058 7,87S 165 4,764 4.981 1,950 1,950 430,273 Unre$tflcled Re$trl¢tod Total Fund8 Funds Funds 2023 Programme 8xpen8es Wage8 and 8alarfes R•nt and servke char9¢8 InsuranGe RÉpalr8 arrtl malntenance Llght and Heal Stsff travel and 3ub81stence Prfntlng, postage and 8tatlonery Telephone Ac￿untancY Fee Audltors renurneratlon 33,342 370,716 12,392 8,938 43 4,917 257 2,341 4.259 1,950 33,342 370,716 12,392 6,938 43 4,917 257 2,341 4,269 1,960 -.]] 1,950 439.105 1,950 439,105 DOVE HOUSE COMMUNITY TRUST COMPANY LIMITED BY GUARAKfEE NOTES TO THE FINANCIAL STATEMEKfs (ooRUmMdJ YEAR ENDED 31 MARCH 2024 Expondlture on charltable actlvlt108 by actlylty type Total funds 2024 Core Fundralslng Dlvert Programme expenses Wages and salarlas Ront and $8rvlcg charg•B Inswance Ropalf8 and malntenance Llght and Heat Staff travel and gub3lstence Prlntlng, poslaga and 8tstlonary Telephone Accountancy Fee Audltors r8num8r8llon 47,757 336,851 2,333 2,726 2,885 2,825 165 1,588 1,660 850 650 747 48,504 336,851 7,000 8,177 8,056 7,875 2,333 2,728 2,685 2,625 2,334 2,725 2,886 2,625 1,588 1,660 650 650 1.588 1,661 4,764 4,981 1.950 650 399,890 15,664 14,819 430,273 Total fund• 2023 Core Yr)uth Flr6t Fundralslrvj Dlvert ProgMmm• axp•n#èi Weges and salarfes Rent and 5ervlGe charges In8uranc8 Repalrs and malnteran¢8 Llght and Hoat Staff travel and 8ub813t8nce Printlng. postage and 8taUonery Telephone Accountancy Fee AuditDf8 renumeration 25A92 370,716 3,098 1,734 43 1,230 107 586 1,065 2,933 4,917 33,342 370,716 12,392 6,938 43 4,917 257 2,341 4,259 1,950 1,950 3,098 1,734 3,098 1,735 3,098 1,735 1,229 1,229 1,229 150 588 1,064 585 1,065 488 488 685 1,066 487 487 405,048 11,820 13,e03 8,838 439,105 19. DOVE HOUSE COMMUNITYTRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {canUny•d) YEAR ENDED 31 MARCH 2024 Olh•r oxp•ndftur• Unrthcted Restricted Total Fund8 Fun¢ts Funds 2024 Capltal Grants Ral888od Bank chargas Dopreciatlon Freehold Property Dewaclatlon Flxtur88 & Flttlngs (2,22e) 302 1,918 S72 (2,226) 302 3,220 2,229 3,525 1.303 1,856 2,959 586 Unrestricted Fund8 Re8trlcted Total FurKI$ FurKI$ 2023 Capltal Grants R•lea8ad Bank charg85 Depreclatlon Freehold Propety DepreGiation Flxtures & Flttln98 (2,228) 340 1,918 718 {2,226) 340 3.220 2,786 4,120 1,303 2,069 3,372 748 10. Not Incom• Net Incomel(expendlture)18 81ated after chargin￿(credIting}. 2024 2023 Depreclatlon ol tangSbl8 fixed assets 5,449 8.007 11. 8taff costs The total staff cK8ts and •M￿0Ye8 b8nefii8 for the raportlng porfod aro analy8ed a8 follow8: 2024 2023 Wages and Salarieg Employor contributlon8 to penslon plans 0th8r employao beneffits 320.577 16,274 165 354,283 16,433 257 337,016 370,973 The average head count of 8mploye88 durlng Ihe year was 20 (2023:2Q). The 8verag8 numbar of fuli-tlme equlvalont employees durfng the year Is analysèd as follows.. 2024 2023 No. Management 8ndAdmln Staff Profvct 6taff 18 18 20 No employ90 rolxhd enwloyge bengflts ol than £60.000 durfng trp year (2023: NII). DOVE HOUSE COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEKfs ((ondnuedJ YEAR ENDED 31 MARCH 2024 12. Tn*tso ramunoratlon and oxpens•s No remuneratlon or other b8n8ffts from gmployment wtth the charlty or a related enllty were recelvod by tha triiste88. 13. Tanglblo flx•d a¥set• Freehold Ffjxture8 and property ffttlng8 Motor vèhlcles Total Cogt At 1 Aprll 2023 and 31 March 2024 Deprnc14tlon At 1 Aprll 2023 Charge for the year At 31 March 2024 161,017 108,202 16,194 285,413 53,653 3,220 56,873 97,080 2,229 18,194 166,907 5.449 99,289 16,194 172,356 Carrylng amount At 31 Mareh 2024 104,144 107,364 8,913 11,142 113,057 118.506 At 31 March 2023 14, D•btorn 2024 2023 Trade debtors Prepayments and accNed Incomo 9,978 31,735 743 9,978 32,478 15. Cash and cash •qulval•nts Cash and cash equSvalent5 comprlse the followlng: 2024 2023 Cash at bank arKI In hand 128,668 128,668 106,409 106,409 1& Cr•dttors: amounts falllng du• wlthln one year 2024 2023 Bank ban8 and ovordrafts Accru81$ and d8forred In¢om8 Stsclal securlty and other laxe8 Deferred CapKal Grant 38 17,940 652 2,226 10,858 12.518 2.226 25,604 20,856 As 8ecurfty for Ihe bank overdraft, Bank of Ireland hold a personal guarantse dated 1810812010 for £30,000 from Mr D Mac Nlallals and Mr T t)oherty, -21 DOVE HOUSE COMMUNITY TRUST COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {¢ondnu•o) YEAR ENDED 31 MARCH 2024 17. Cr•dltor•: amounts lalllng duo after more than one year 2024 2023 Accrual8 and dèferred Income 44,592 46,818 18. Flnance leas•s and hlre purGha8• ¢¢ntrn¢ts A888t6 oblalnwj under hlr• purchas8 wntracis and fhanc8 leases are capttallsad a8 langlbl8 a88ets and depreclated ov6r Ihe shorter of th• loase tsrm and Ihelr u8efiJl Ilves. Obllgatlons undér Such agreements Included In ¢redtor8 net of the finance charge allocated to future periods. The finance element of the renta! payment Is chargod to Iho proflt and1088 account BO a8 to produca con8tanl perlodlc rate8 of charge on th• nat obllgatlons out8tandlng In each perlod. 19. D•hrr•d Sncom• 2024 2023 At 1 Aprfl 2023 Amount rebasgd to Incom• 46,818 (2,226) 44,592 49,044 (2,226> 46.818 At 31 March 2024 Th18 amount kn Included wlthln other credltors at note 17 to thésa Ilnanclal gtatom•nt9. 20. Pen8Eons costs Th• company operale8 a penslon Bcheme as requlred by the penslon 8UtO 8nrolm8nt provlslong In respact of appllcabl8 omploy888. Tha Scheme arKI Its assets are hold by Sndapendent managers, Th• c¢mp8ny mad& ￿nSIon contflbutlons of £16,274 durfng Ihe year (2023; £16,433). Pen8lon co8t8 are Included wlthln wages and salarl88 at rM)te 7 and 8. 21. Analy81$ of ¢harftabl• fvnd• Unr•8trl¢t•d fund$ 1 Apnl 2023 Inclxne Expendlturn Transf8rs 31 March 2024 General funds 119,298 18,326 ($66) (13,517) 123,541 Re•trloted lund At 1 Aprfl 2023 Incm Expendllure Transfers 31 March 2024 Rostridod Fund 85,873 416,758 (433,2321 13,517 82,714