Charity number: NIC.104471 Company number: N1023358 THE RESOURCE CENTRE DERRY (A company limited by guarantee) Trustees. report and financial statements for the year ended 31 March 2023
THE RESOURCE CENTRE DERRY IA eompany limited by guarantee) ContenLs Page Legal and adminisliarive informatso Trnstees, anE)ual report lincoTporaiing thc direciors report) Ind¢penden¢ Auditors, report 9-12 Statement of financial aciiviiies 13 sle]ent of fin¢mci&I posiiion 14 stement of cush flow 15 Note5 tu the fjnallcial statent$ 16-29
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Legal and admiDlStrative infOrntiOn HMRC Charity number XR17i222 Charity Number NIC10fy171 Company registration number NIO?3358 Business 8ddre55 Racecourse Road Camhiii De BT48 8BA ILiceciyJrse Road Registsred office Carnhill Derry BT48 8BA Trustees M Quinn (Chairperwn) J Nixon (Secretary) J Doherty R Walsh Fr. MF Mccaughey M HaJulton C. M¢Caughan M McPhillips S ShaJ)ks C. Doherty cfreasurer) K McColg¢ H Bo)'le (Secretary) Resiwed 15 May 2023 Resigned 10 May 2023 ResigDed ?8 June 2023 Resigned ?6 August 2022 ResiJJed 15 May ApPOted 30 Jiine AptK)inted 15 May 2023 Key managenjent personnel Regi,siered care manager H Doherty Welfare rights mandger J McKinney Fin&nce manager L Wals4)n Responsible person for DaycarelCEO P Mccarron Auditors McDaid TrAcCullough Moore 28132 Clarendon Sr(eet Derry BT48 7HD Bankers Aled ITi5h Bdllk Meadowbank Strand Road Derry BT48 7TN Solicitors Mark- M¢Fecly Brendan Kearney & Co 4 Clarendoll Street Derry BT48 7EX Page 2
THE RESOURCE CENTRE DERRY
{A company ]imited by guarantee)
Report of the trustees
for the year ended 31 March 2023
The ttustees present their repoit and the fi[n¢121 siatellnts for tbe year ended 3 l March ?023. The nustees who setved
during fhe year <d up to thc date of report are sei oui on page 2. This report is preped in i¢cc0IKl¢le with
Accowiting Reporting by ChaTities." Statemcut Of Rc¢ogni%ed Practicc applicable to clwiiic.% ptepating their
accounts in accordance with thc Financial Rcporting StatKlard applicable in the UK and Republic ot Ireland (FRS 102}
( issued Ociober 2019).
The Resource Centre is gradually remrning io full capd¢ity afr the COronavin palldeniic and services provided are
relurning lo pre - Covid level5.
The mistees <1PPTeciate the support Provided by our various fjjnderb the dedication of ow. %taff. in thi.s difficult ye¥ll'.
Struetureg governance and ttw)agement
Governing dociimenl
The oroani8ation is a charitable e
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Report of the trustees for the year ended 31 March 2023 The fancial viability and sustainabllity of the Resource Cenlre is & llujor risk recogmsed. The trustees ¢ontinLkally strive to source Additioftal or new fvnding to enhance the facilitses and services available ai the centre. Diversification of activities to place less rel1ce on piibiic fiioding is soiight and has been achÉeved by generat40 income from the Community Shop. the Coinmunity c.afe and St Biigids Centlt. Bu.4ines.% and fi03ncial risk is managed by esurIng appropriate %t3ff. with the nec&%sary experiellce. are in place and budgeLs and forecasL8 prepaTed anij reported on monthly. The porting neiwork make% ule of rr sy8tenL8 Mthieh include% Miciosott Excel/Word. Evtde and Sase software packages which are continuously updated and Tnainlained. The Resource CeJ)trtts' principal financial a&sets' includes cash. grant debtors and trade crediroi's. AssociAted risks include Lredit iisk and b'quidity risk. To minimize credii risk the mlee5 have implemenied p0'¢ieS thdt require appropriale credit checks on poleniial cult0[.5 betOTe itan5tiOEi.5 iakc placc. To rDIni liquidil) tisk tnat¢Iial purchases ate Cdretully planned to ensure appropriate c&h flows exist to meet operdtional costs. Internal risk% are minimi5ed by the implementation of ntrOlS aThl procedures for auth15a[lo of all transaction5. Pav Pnli¢"y Jijr Kei fvlanaSe.eRt Persrjnnel The trnstees consider the departmeni managers and senior staff as the key nwagenient per¥onllel of the charity responbible for operciting The Resource Centtt. The nustees receive DO remuneration and were noi r¢itnbur5ed for expenges during the yeax. The pay of .g¢nior Staff is .%et the ttu%¢ee$ 3md reviewed 20nually and 18 norm2Uy incre&sed by inllauon. The Lrusiee.8 benihrnark in settlng salatie.4 is on the .salaries ot other key managemeni pei.%onnel in similar comparable oroanisations. Volunleers The chaiilable companv is grdieful for the efforts of its 55 Volltter$ i?022 55)who ale involved in vario1 activities inL'ludiDg collectioll aud distsibution of eal. (mea15 WI15). helpillg in the ComU1tY Shop atLd genei'al help in the i¢h¢ll aud social ceniir. Related parties The ResourLe Centre wurks closely with Shantallow Coll)nwnit! Support PutsLeiship {a parthership betw¢eii The Resource C.entre and WHscfi. 4RS Recycltnu C.I.C.. a recyclinLw and ttaining company atd St.Brigids Cornrtiurrity Bingo Litnitcd, in meetin(T its atms and objectives. Objectivos and activities Charitdble objec[% and public in(rrest Tbe PrillCiP£il objective of the ckiritable company is to opernte a (Liy centtr foi the benefit of the public. The Trustee5 considered guidancc from the Cbaiity Conitni.%sion for Northern Ircland in relation to pubb"c bcDrfit Statet[t. The TrusUcban"table company was estabb'shed ts) provide pubb"c benelit by UDdertakg volulltaTy work ID education, %o¢ial services and similar activities. The aims ot the organisation arc :_ l. To provide an eftects.ve and efficient range of services thai rneei the n¢eds of the pam)n5 Ot the centre. Particularly the elderly, people with disabilili¢4 long trm unemployed and lone parents= 2. To provide eniploymenE dnd volunteerino opportuniries. which help• to reuenerAte ihe area economically and emE)&inces self ¢ODfiden¢e: and 3. To a¢1 as both vehicle and stiniulub for ¢onllDunity enterprise.
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Report of the trustees for the year ended 31 Mareh 2023 To aGI]ieve Ibi5 objective The Resource Centre DeIry pvIde5 dayca fllties. cfwll5elll, advice and ll&ornthlion s¢rvi¢es. cducaiional courses. traillillg facilitie5: ll&als on wheels. a Lonmiimit%' shop and cate geIr with Iransport SCIryiC¢S socihL ceDrre for thc communiry. Tkn general public. and Icle, young and old have access lo a wide rarLge of facilities, advice and RDfoirnation. Public benefit How our aclivilies deliverpublic benefir Our m¢iin <111111¢S are ¥et out below. All our Lharitable activiiies are undei(aken co further our aims of providing public beneflt. Dnj cenlre and relaledfacililies The nill objettive of the charity I the provision of a social ccntrc. RCD opcraccs thc ccntrc witb the .%upport and tllnding ftoni The Wesri] Health and SoLial Care Tn1. The pain)ns. including those with dementia and cornplex Dee(Ls, are offered a .8aFe and stimulaung environmeni. social inclusion Thereby irnproving mental health and a raTkge ol activitie5 prornoiing independence and well bein Patrons at the centre are oftered a varied and balanced diei wilh alternAtives for thobe with speci411 dietsry requiremen(%. The cen(re iilbo opera5 a belf-referral seryice ,%0 thdt nienibers of the oii]llwllitY can avail of Daycare. without ihe iequ1reunt of a WHSCF i¢f¢tral. Ill additio the Caters sllppoil setvice orfers respite and additLonal supporr for family and relauves wlio work as full cdiers. The Centre coniinuously provides a Villuable social nity lo rkne area and uses local volunteers ill all peths of Ats daily business. Funding from the Department for ComtTLuJllties ell8ures crnploymcllt for thre¢ dn"vcr5. who tiaDSPOrt tbc P1& trons io and from the Centre ayjd for d care manager. who looks after their need.8 wILt at the Centre. The Cents"e n7attagement also Prode& tranOrt For eKLurÉ1o% and day trip%. The Community Cafe and The Coi(rtyard RCD continues 10 operaie The Communtty Cafe and Counvard. The objwtive of Ihe cornmunicv cafe is to make healthy Subiaindble foo(L dt-fordable ld C&sEble lo everyone. reducing fvod poveriy. whilbi also promoting SfKi411 intera¢Lion 2nd community awareness. A refurbibhed Courryard. cieaies a peace garden for all users ot the eentre. Cuunsélling andadi'ice service The Lentre. with tunding from D¢m.' Cily & Strabaoe Di8tricE Council, PrOlde.$ a tree aod confidential counselling and advice service on ibsues such as social security benefits, housing, employmeni and ¥yop1aCe i.s.sues and availabilicy of various benefits. Liaising with statulory and volllniary agencie& the servitse helps io ensure posilLve ouicome5 for LlienL%, promoting financial independence, boosung the local economy and help5 to change people¥ lives for the better. Meals on wheeLs Tl)e ccntrc. through Èhe Western Health and SoLial Care Tr81 and the Britssh Red Cro&% provides meals accross the locality. including incre&sing delivery area to incorpora* the Waierside, ensuring thai the most i"ulnerable within our sociely are provided WLih the nece%sdry nutrilional support to prolecl thevn 4uainsL food inserllritv. The Meal.% on wheels drivers provide an irnportdnt Social contact and dlso nM)nitor useFs wellbeinu. health s:rfety. Oiher services RCD operates a community shop where donated goodb tron) the public are recycled and thc shop acts a5 a social kub for the community. In the curreTtI economie climate additional services haTre been provided 8uch a& disiribuiion of FdreJliare food PLe]¥> pri)Vibion ot food hampers vouchetS dnd the sale ot. I0&blY priced furniture, clothinLT and toys. The RCD building and Si Brigid5 Hall provides Iovrf CQSt rellthI and cateriDg faciliues for the community and i& used by a variety of Trroups buch as Weight Watchers, pla)'groups. St Jobns Atnbulance and dance classes. pa. 5
THE RESOURCE CENTRE DERRY {A company limited by guarantee) Report of the trustees for the year ended 31 Mareh 2023 LitilL, Ami¥u The centre a150 proYid¢5 an after 5chuol pltLygroup io enbance and further the develDpment of children in the Ii)cality. Ge.iieral The Re.%Our Centre ha% Suvcessfiully operated in the ar¢d for over forty ye4WS. It h&$ nts"nuOuSlY generared inconie fD)m 115 own hdraiSIllg and from Jupportlng other initiatives such &% 4Rs Rec>cling and Sure51arl. It continues lo provide tralning and employment for the area and is a focal tH)int of the comnwrriry in Carnhill. In these drfficult tinies, the Resource Cen(rc Derry conliniies lo provide an invaluabl¢ service to the l(Kfil ¢ornmunity that now a]so includes a community newsletter attd bakery. The trustees bclicvc they are therefore meettng the public benefit ta%t by increasing the accessibility of the centre to everyone in the l(Ka]ity from the young to the eldetly and all patrot].8 of the cenire by PTO¥'iSiQll of the faLilitie% and servires outlit Achievements and Performance During the year the principal objective of providing publi¢ benefii w&s advanced by the provision of a day ¢enire IiTicillury arlivitiets fuK the Slianialloiylcdrnhill llreA. Services #ff grkdudily Icturnjng to pie-covid level.$ 41nd RCD coniinues lo provide in-house and exiernal services_ Meals on wheel) Ilas e%pAnded irs ¥eograplycAI region and the daycare service has. increased to cover priv&te refurais with the wssible fvwre expansioll io cover elY eveningb. Specific aehievemenLS during ihe year included proi4ion of facilitie.& for children u8ing the Little AmtgoR atier gchool programme and nursery place% provided via the Suresiarl Programme. The rneals on wheels sen'ice delivered 19,125 hot meals vulllerable adults, including mealb to The Acorn Centre. the Wer$1de, Ballymagroart) (d nieals donated to the Simom community. The Rebource Centre also distributed 112 food & meal vouchers and 61 food parcelbthamperb. The Welt&re RighEs Service had 1.445 conswltarion% and provided valuable tr&ininv on changes 10 Ihe Welfa sysieMI. Total fooLfall at the centte wati 3.4?1 averaging 285 pei including atlellding tratning cou15es, hall hite and variouts rlleetingb. Financial review The Resource Centt'e, similar to other Or£ationS. 21 re eAperieDcing an unprecedented iDcreLse in nJnntllg costs utld it is essenti tht continuously rnonitor expenditure operale economically w]ll"Ist maintaining an efficient and effective service. Income foi the year, excluding capital fvnding of £33,492 wa$ £714.821 12022 £603J491, ali incre&¢e ot £111,472. Expenditure for the yea)" £799,584 12022 - £664,109) an incre&%e ot £135,475. A detailed aDalysi.s ot income and expenditure is provided in notes 2 10 7 of the financial srarernenL$. The resulting deticii ai 31 March was £51,271 (2022 - £60,760). Nei assets ai the balance sheei dale were £1.052.526 (?022 - £1,103:797). The trustees are &gitibfied with the perforn)ance and resu115 of the charitable conipany durino the year. Annual fwidtll¥ for core services pr(Ivided by the ResoLce Centre fiom Wesletn Healih & Social Care the Department for Conllnuoities and DeLry City & stralne District Cf)uncil continues to be vital to tILe operation of tbe facility. Reserves The Tru%lees have exdmined the ch4Wity"'s requirernents re5eiveb tak-ing inw account the risks. that the Trust h rec47gnised. The reserve require[ellI estimated to be at least six montb5 Ot expenditure. Currently annual revenue expenditure of the Resource CelltTe is approxiD]alel £800.0(X) equaiing io rnoDiI)ly expenth.ture ol approxinM¢Iy £66,000. Unrestricted r¢serves at 11 March 2023 were £556,082. RestnLed reserves at ihe biilance sbeet date arrK)unt to £496.443 and have atisen priwipally as a Irsult of the renov1¢ tion of St.Brigid,s Parish Centre and tbe refU1Stllent of the main RCD buildmg. Page 6
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Report of the trnstees for the year ended 31 March 2023 Investments and investment po]icy The Memorandum and Articles ot AssoLiation autlM)Ttscs thc Tr$teeS to rnake invesirnenL$. Balanir Sheet investh)ents repre,sent low risk barjk dep081L8. Prineipal funding SOUTces: The prin¢ipiL fimdino Sources of the Centre diiring Ehe year includes - We¥l¥rn Health & Soeial c'e TTUSt - fi]ndillg for the operation of the Day C£nhe. Meals on Wheels service, Ckwers Support Service and Little Amigos after school creche" - Derry City & Strabane Disln'ct Council - Inforniaiion. counselling & advice service., Department for Con7municieb - funth'nÉv For transport worker wages aThl senior manager wages and . - Comniunities fulld- fundiD¥ for the operaiion of Meals on Wheels Servic¢. The provision of existing services alld facilities and coniinued employment opportunities i& dependent on rhe continued 5UPPOrt of the funders oudined above. Plans for future periods Th¢ ttvstees are satisfied with rhe pertommnce of the chdriuble company duriTig these difficult tinies. The fvture aims for The Resource Centre are.. - to Subtain and expi7nd ihe acts"viiies ouilincd above. incluth.ntr the e5tabh"shll of evetiing dayca faciliry. - Maill1 the financial viabilify of the Cents'e. - enbure the Resour¢¢ C.entre is accessible to everyone" seLure additsonal fijttding foi. ncw project5-. - to Co-operate with otber bodies to develope progrdllunu and pro1de 2ddiTional faciliTies and Services and - turther dcvelope the RCD building to include better care and service taciliues and a bcuci c01tnnit}. shop and cate. The Trust colltlnues to receive funding from WesTern Health & Social Care Tn4 the Department for Communities and Derry City & Str&ban¢ Di.stfLCt Council. Statement as to disclosure of infomation to auditors We. the trubtees of the chlIable cOmpy. who held otfice at the datr of approval of thes'e tinuncial sLltemenL%, each confirni. as as we are aware. that '. tlwe is no relevant audit infOrnOn of vthtch the chatitable company's auditor5 are unaware" and we have thken all the steps that we ouoht to have taken as trstrtS in tmlcr to nuke ourselves aware ot any relevani audit infomation and to esfablish that the ¢haTiiable wmpany'.s auditors are aware of thai inforn]ation. Pagt 7
THE RESOURCE CENTRE DERRY {A company limited by guarantee) Report of the trnstees for the year ended 31 March 2023 sthternent of tr4LStees' r¢sponslbllits£8 The trusiees (who are. also direciors of The Resource Centre Derry for tlK purpos&% of company law) are respongible for preparing ihe annual report and ihe financial Sullements in accordanct with applicable law United Kingdom Accounting Sthndardy (United Kingdom Generally Acceptrd Accounting Practice). Company law require the iru8tcc.% to ptepare linanclal staiemenL% tor each t-llthncial year which give a trne and fair vieH' otr thc Ste ot aftairs ot thc charitable company and of the incorning resources alld application of resources, including the in¥ome and expendlture, of the ch¢withble company lor ihat period. In pTepaTinE these financia] st&*ments, the trusfre8 air required io.. select suitable accounting policiG% 4wd chen iipply them ¢on.%istently' observe the methoiLs and prtncipl¢s in the Charitses SORP 2019 (FRS 102)" make judtrements and esiirnate% th212re re&sonable ind pruden(: 8taie whether applicable UK accounting sthndard8 ha%e been followed subject Lo any Marial depariures disclosed and cxplaincd ill thc financial $ta]ts,. and prepare the t"inancial statenll on the going concern basis unless li is inappropriate to presLEme that the chariiy will conunue in operation. The trUSteeN are re8pon5ible for kegping adeqte counting records which disclose with r&tsonable acLurac)' al any iirnc tbc fInancial position of the charity and which enable them to ensure that the fiywjcial statements compl), with the Companies Aet 2006. They are also re,%ponsible for safeouardints the &8sets of the charity and hence lor taking re&bvnable tsteps for the prevelltion and deiection of fraud and other irr¢oul<witi¢b. The trustee% wish to expre%$ there.sincere thanks to 8taff, funder8 and voluntecr% for their dedication. which enabled th¢ R¢iour¢e Centre lo continue to iemain open and to prDvide the 5etvices ¢0 the romtnunity whell they were tno%E needed. Auditors A resolution pioposing that McDaid Mccullough Moore reappointed as ajItorS of the cbaTity Tri]I be put to the Annual General Meeting. Small company provislons This report lias been prepared taking advanthge of the small conipanies ¢xempU"on of section 415A of ¢h¢ Cornpani¢s Act 2006. This report was approved and auiliorised for issue by the Trustees on 6 September 2021 a[ signed below on its belialf. Trustee Pagc 8
THE RESOURCE CENTRF DERRY (A company limtted by guarantee) Independent auditors, report to the members of THE RESOURCE CENTRE DERRY We have Audiied the charitable company fmanciai staiements of THE RESOURCE NTRE DERRY for tl)e }ear ended Il March 21 which comprise the stalcmclll of financial aCiivi(ies. the charilable company staiemenc of fmancixi Pobilion, the statement of Cash flows notes to tlle fan]ciaL stateinellts. includiiig <7 5UmtDary of Significant accounting poiLcies. The financi lep0"[[g fr<7nwork that h&s been N)plied in their preparatioll is apph"cublc ltsw and United Kingdon) Accounting stsndard%. including FRS 102 The Fitlancial Rertillg Standard applicdble in the UK Republic of Iteland (United Kingdom Generdlly ALxepied AcCoUnrig Praciice). Ill our opinivn the financial statenienTS". give a true fair view of the state of the ¥hb]e companys affairs as at 11 Mah 2023. and of ils An¢orning resources aLKI appjication of r¥sout¢e$, including its iticome and expendinwe. for the year thtyn ended: have b¢¢ll properly PTeparcd in actordance with United Kingdom Generally ALCePted Accounting Pra¢liLe: and have been prepared in accordance with the reqU1mentS of the Compdtties Act 2006. Basis for opinlon Wc conducted our audit in accordance with Inrernarional Standards on AuditÈng (UK) USAS {UK)) and appliLdble law. Oui. re8ponsibiliues under tho.%e standar$ are turther described in the auijiiorfs responsibiliiies for the audii of the financial statements sects'on of our report. We are independeni of the charitable company in accordance with the ethical requiret)ients tlut are relevant to our audii of the financial Stslernents in Ihe UK, including the FRC's Ethical Standar and we have fulfilled our other eiliical responsibililies in accocdan¢e with these requiremenib. We believe ilia¢ ihe audit evidence we have. obtitned is sufficient atLd appropriate to provide a basis for our opinivn. Conclusions relating to going concern Ill auditlDg the finallriaj 5taieInents, we have concluded that the Tn]stees use of the going concern basis of accounting in the pieparation vf Ih¢ fancial Staren[S is appropriate. Based OD the work we have peiformed. we have llot idenlified any nLat¢ria] unmtsiuties rttlating to evenrs or conditions that, individudlly oi colleclively.. may cast signflcant doubt on the companys abiliry to continue as a goiD( concern for a period of at least twelve months from wfrLCll thc finLia1 tatcments ate authorised for i54ue. Our responsibilities and rhe re.5ponsibilities of the Tn]stccs with respect to going concern are described ill the releveni seciions of this reporL Other inforniation The trubtee5 are responsible for rhe other inforniauon. The other infornution comprises the int"Ornldtion included in the tnjsiees, finnU repo other than the financial statenients and our audLior's report thereon. Our QPll)ion on tEie linancial slatemellts does nul cover ihe other illforniatioll and, except lo the extent othe1$¢ explicitly 5tat¢d in our report, we do Dot express any form of assurancc conclusion thereon. In connection wilh our audii of the tinalbcial smtements. our rGsponsibilily is to read the other inlorn)ation d. in doing so, consider whether the other inforniaiion is matsrially incorjsistent with ihe tinancial 51aternenLs or our knowledge obthined in the dtLdit or oiherwii>e &ippears to be materially misst&ted. If we identify such material inconsistencies or appareni maierial niissratemen(s. we are required io delerniine wh¢d)er there is a maierial missta(en)enl in Ihe financial staternellts or a nileraL tlli55tatemenl of the other illfomM(ion. If. based on the work we have perfornKd. we conclude that there is a malenal missraiem¢Di of this other LnfornLdlion, we are requtiEd report thht f1.
THE RESOURCE CENTRE DERRY (A company limited by guarantee) We h41ve nothing ts) report in this rear{L Opinions on other matters prescribed by the Compani&8 Act 2006 In oui. opinion, based on the work undertaken in the course. ot the aLlti the infomation given in the ttees, report (incorporating the directors, ieport) for the financial year for which the tindncial &ten]ents dre prepared is consistent with the financial stdlenKnts- and tbe In15tees' report has been prepared in accordance with appltcable lepl requiretnents. Matters on which we are required to report by exeeplioD We have nothing Co report in respeci of the following rnait5 in ielalion to which the Companies Act 2(M)6 requires us to report to you if, in our opirLiOn= adequate accountmg records hiive not been kept, or adeqllate for our audit have not been received fiDm brallci not visited by us; oi. the finimcial slatetnents are noi in agreennI with ibe aLLountin¥ records and retun)s; or certain disclosures of trustees, remuneration specified by law ate not made; or we have not received all the iDforn]ation and explanations we requite foi our audit. Responsibilities of trnsteos expl<iined n]oi¢ bjlly in the ttusiees, responsibilifies sthrement. the ttvstees {who ¢we also the directorb of tbe Lhatttsble Lompany for the putP05e3 of company law) ate irsponsible foT tILe preparation of thc fina(18] stat¢ments and for being liatisficd (hai the)r 25ve a true and fair IAew. and for %u¢h internal control as the tru.%tee% determine is nece%ary co enable the pr¢paration of hnancial stalemenLs tha¢ are kTee from Tnaterial misstatemeni. whether due to fr&ud or em)T, In preparing the financial statements. the trustees are responsible for 818 the charttable company's ability to onlinue ds a going ¢on¢ern, disclosing. ¢t5 applicable: nwitrrs related lo going wncern using lh¢ goin¥ concern basis of accounring vnless the Inte¢S either inlend 10 liquidate the charitable conipany or 10 cease operations, or tJav¢ no realistic Aliernative but to do so. Auditor's responsibilities for the audit of the financial statements Oui obj¥ctives ai"e to obtaiEL ieasonable assutaDce about wtheth¢i the fitmllcial Statellllts a5 a whole frtx fro In1( trrial misstatement: wbetha. du¢ to fraud or UTor. and to issue an allditorfs Teport that includes OUT Opillio Reasonable assurance 18 a level of assurance. but IS llot a gu&'antrc that att audit collducted in accordance wtth ISAS IUK"I alway5 deÉect a material tDiSStatellLeDt when ii exists. Misstaternents can arise from fraud or error and are coll%idered material if, individually or in thc aggTEgaic. they could reasonably bc expectcd (o infiuenee the economic decisions ot u%eTS taken OD Lhe basis of the$e financi statrments. Irre0ullties, including fraud, irJsLmces of non-compliance Iwith dnd re.oulations. We desi.on procedures in line with resporjsibiltties, ouilined above, to detect n)ateriai n)isstat¢ments in respect of irreguLarities. incluthng fraud. The risk of Dol dele¢lin¥ a material mtSStakment due lo fraud is higher tlian the risk of nvt delecting one resulung eIroi. .15 fraud Èmy involve deliberare ¢onc&dmeni by. for example. forgery or intentiontsl misrepresenrxiions. or dll'ollgh ollusion. The exteni to which ow" procedures are ¢4ipable of ddectiftg irregulatities, including fraud, is dttatled below. Howcvcr, the primary re5PODsibility foT the Pvention and deteetion of ftaud rcsts wirb iKJth thos¢ LILaEged witb goirernallce of the enuty 3nd management. Page 10
THE RESOURCE CENTRE DERRY (A company limited by guarantee) BèLsed on our underststhding of the comp(my UT]d the enviTonment in which il (7perates. we identified that the principal risk was rhai of non ¢omplian¢e with laws and regulations ielating fo stliall Glthtiiable companies and consldered the exteni io whicli non - compliance mighi have a niaterial effeci on the finaJKial sta*meTrts'. We albo considered laws and re¥7¢0S that Eh?ve a direct ittwcl oll the EJreparaiioD of the fitwKial slateents such a5 cl1.¢5 SORPS, the Companics Act ?006 and incoEDe tax iegulaiÉons. Our rilik dpproach wab. as follows:_ w¢ ensured tlie audit parther aud &udiL teani had appropriate knowledge aDd eou]petence to iden1 and e0.nIse non-Lompliance with appIicable laws and regulations: - usiug our knowledg¢ and experience of the sector we identified, through discussiolls with tSte¢S and nllageMent, laws and regulations applicable to the company; we concentrated on legislaiioT) we considered io have a direct impact on the company hnancial sthtemenLS, including the reporting fraTnewoTk (FRS 102 in confortnily with the iequlreThts of the CoTnpanies Aci 20061. direct and indircct tsxation, health & safety and environmcntal legtslation. da protcction and employment law. we obtained an understanding of IM)w the company is wnwlying with Ihese fi'am¢works Il]rougb enquiri¢s with mana2enieDt and trustees as to the policies and procedures in these key aThl the controls in operation to reduce the opportunity for fridi71et transaetions. We also identified poteThtia] risks r¢latsng to receipt of c&sb. posting of journal entries and audit pmcedlll'es perfornled to counieracc tllls risk. included te,41ing of material iournJJ entrie.% and discussions with ll)anagernent. Owing to the inherent limitations ot an auth"L thcre is an unavoidable rixk that we masr not have detected some material misstaternents IM the financial s(atements, even tl)ough ive have properly planned and perfornied our audit in accordance with auditing ¥tand?S. For example, the further reTnoved non-cornpliance with law% ld regulations (JrTetsularitiesl i¥ from the evenis and transactions reflected in the financial staiemenLs. the less likely the inheTentlv limited procedures required by auth.ting slandards would identify it. In addition. ab with any audit. there remains a higher risk of rAoll-detecuon of irregularitkes as th&ge iDily U)volve collusion. forgery, Intentional omissions. misTepr&%entations, or the override of internal controls. We are not responsible ror preventing non-compliance and cannot be expected lo deteci non-compliance all laws and reguIations. Ab part of an audit ID ac¢ordan¢¢ with ISAS (UK). we exei¢ise professional Judgement and nLainlain professional scepticism throughout the audit. We also: id¢niAfy É)nd assess the risks of xtmieriai misstalent of the fllwKial stsferD¢nfS. vALether due io fraud eLTOr. desAgn and perform audti procedures responsive lo those risks: and obthin audii evidence thal is suffi¢ieni and appi'opIiate to pmvide a basis foi. our opillion. The risk of not detectitig a Mtla1 misstatellktLt Tesulting ftom friiud is htghei" thaD for olle resulting fi.orn ernx. 175 fi7ud Jnay involve collusion. forgery. intentiollal omissions. misrepresentaiions. or the overridc of infcrnal Collfrol. obtain all underslallditLg of illternal control relevallt lo the authl in Ord to design audit procedure5 that are appi'oprLi11¥ In the circunts'iances. bui uot for the purposc of cxpresxtng opinion of thc cffcciivcncss of the coinpany'5 ititeinal CODttol. evaluate the appl0priatetss of Accouniing poh'cies used and the reasonablene&s of accounling esiiD]ates arld related disvlosures nde by the directors. Page 11
THE RESOURCE CENTRF. DERRY
(A company lin)ited by guarantee)
conclude on Ihe pprOprice.S of the Trustr¢S' use of the goints conctm bas'i.% of uccounting und. bld on the
audil evidence obthined. Ftheiher a tDaterial uncertainty exisL¥ ielaied evenl5 Di collditioDS tlmt rnay cast
Silficallt doubt on the cbarilable cOnany,5 ability to contiDue Ls a going conietll. If we conclude It[ a nthierial
uncertainty emsts. we are required 10 draw attentson LD our auditor s report fo thL relatcd disclosurcs in ihc fIn5cla[
stdteJnents or, rf sllLh disclo¥llres are inadequate. to out opinion. Our conclusions are based on the audRt
evidence obL1ined up to the dilte of 0.
f-i pi
THF. RFSOURCE CFISYRF DFRRY (A company limited by guarantee) Company IYO. N1023358 Statemellt of fancial position as at 31 March 2023 2023 2022 Notes Fixed a&sets Tangible fixed assets 6)6.722 604.192 Current thssets Stock DebtOTS Bank and cash 16 17 532 101.172 436,I91 1.284 484,8?8 537.895 560.5)6 Credito. amounts fal]ing due within one year 19 (92,091) (60.95 L) Net eurrent assets 445.804 499,605 Net assets 1.052.526 1,103,797 Fwid5 UnrestricEed Restricted 21 22-23 556.082 496,444 616,331 487,466 Total charity funds 1.052,i26 1.101,797 The finaucial 5taternen15 have been prepared in acCOrdaE with the ptDviSiOt]5 applicable to companies subject to the small compallie.8' regirne and itL accordaDce with FRS102 "Thc Financial Rcporting Standard applicablc in tbc UK and Republic of Ircland" Tbe fillancial sthtttnMts approved And autholised by the on 6 SeptembcT ?J>2.1 signcd on its behalf by M Quinn Trustee J Nixon Trustee The notes on pag&8 16 to 29 forn aD inlegral parl of thtse fukCial stalemenl& Page 14
THE RESOURCE CENTRE DERRY (A Company limited by guarantee) Statement of cash flows for the year ended 31 March 2023 2023 2022 Notes Cash flows from operating activities Net loutgoing) resources for the year (51.271) (60,760) Adjziszmenrsfor.. jnre&t receivable Depreciatton impairmenr etc_ (2.655) (4231 ?4.399 CkanRe.Y in.. Stocks Ttade and other debtor5 Trade and other creditors 752 (26.728) 31.141 1702) 67,934 15.835 Cash generated from operations (15,628) 46,283 Interest received 2,655 42.1 Net cash from operatillg activities (12,973) 46,706 Cash flows from inTesting activities Nel purchase of iangible red assets (35.664) {9,-$00} Net increase in cash and c&sh equivalents 148.637) 37,206 Net increase in cash and cash equivalents Cash and ch equivalents at l Apiil 2022 (48.6.17} 484,828 18 447,622 Cash and cash equivalents at at 31 March 2023 18 4_36,191 484,828 Page IS
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 Accounting Polffieles 1.1. Accounting convention and basi5 of preparation The ¢hariiy ¢onstituies a pub¢ benefic entiiy as defLned by FRS 102. The Resource Centre Derry is a private conw<1lly lin)iied by guaraniee. regL51ered in Northern ireland. Tr address of the registered office is Rncecourse Road, Canthill, Deny BT48 8BA. The fillaneial statements have been prcparcd under the historic cost convention and in compiiaLce with ad in aceordattce witlk Aecounting and Repotting by C1111t$- Statement of ReL"omniended Practtee app]icable harities preparing their IrOun in a¢cordan¢¢ with the Financial Reporting Standard app]icable in the UK at)d Republic of Ir¢lalld IFRS 102) {issued October 2019) and the Companies Act 26. The finitnridl ststeTTients ure prepared in sterling. whith is the functional currency of the entity. Going concern The filltttLci staternellts havc been prepdred on a going conc basis as the trnstees believe that no nmteriat uncertainty exists. The trllstees have Lonsidei'ed the level of funds held and the expected level of income and expenditLwe for (welve motkth.8 from authorifing thege financial Ethtements. The priniipal faLtOTS underlyjng this judgement are - the continued support of prirKipdl nders. and - current financial perforn)artce. 1.2. Fllnd accountftng The funds of thc charitable coDwatLy COL5iSt of restricred and unrestricted funlts. General fiinds are uwEstricted which are available foi use at the disctelioll of the trustees ill furtbeiwKe of the genera objectives of the chAtity and have not been designated for odKr pryseS. Restricted funds are tund5 which are be u8ed ID accordance vlith .4pecific resuictions imposed by dO[r£. The aim and use of each restricted tund is set oui in the notes to Ihe financial statements. IJ. Capital funiLs Capital fimd8 are restric(ed funds rethined for the benefjt OF the charlty as a capital fvnd. Pthg¢ 16
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 1.4. Income IIKorne is in¢luded in the Statennt ol finaLa1 aclivities wben chaiily is ¢ntiiled to rhe inLome, any p¢rfotmanLe conditions atta¢bed to the income have been met and the amount be quaniified with re&sonable accuracy Income is Ancluded in the tinancial statements inclusive of i'alue added txxation. The following specific policie.8 applied to particular eategories of illcome: Capital grant5 arc reLognised ill thc year in which the}, are receivdbk and treated as restt.cled fun(. with depreclation on the relevent &8et chiwged directly to the r&stncted fund in the 8iatemeni of financial activitie8. R¢v¢nue granis are re¢ognLsed as income when receivable. InconLe fron] fimdraising trading artsviiies 15 recogllised when th¢ services bav¢ b¢en pfflvided. IDcon* fTOm investments is recognised when receivablc. l.S. Expenditure Expenditure is recotsnised on an accrualb blsis a liability, is incurred. Expenth"ture is included in the financial statements inclu.sive of value added taxation wliich cannol be recovered and 15 reporLcd as part ot the expenditure to whicli it relates. EXpendIe is split beiween Iestricted and unrestticted expenditure. Unrestticted expendituie relate to the nagennI and general adJnirListration of the chArity and strICted expenditt)re 15 a5 set out the letters of olfer. Expenditure on fundraising trading activities are costs incurred in operating the socidl centre, shop and handyTha service. Redundancylierminlltion piymeDts are recognised when is a legal obligation to make a paymeiil, il Ès probable that the settlem¢nt be required atml the amount of Ibe Ob.l10n Can be rneasuiEd reliably. Support co8t8 are .e COSL4 incunTd directlv in 8twrt of expeDth"turc on Ihc obJcet% of thc charity and inelude general managemeni and adminis(raiion costs and depreciiiuon. Overhead support C05ts are apponioned on a project basis. 1.6. Donated Koods and services The vatue of services proNided free by voluntecrs and goods. donaied are not included in the fLll&ncial staiemenls. Volunle¢rs pioyide serviLes in all 'CA$ ol the Celltre operations ItludIng delive17llg Meals on Wheels and Dayc. Pag¢ 17
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Note5 to the financial statements for the year ended 31 March 2023 1.7. Tangible red assets and depreclation Twible fixed <lssets with a lrfe expectancy of than one year. are stated initially at cost and subscquclldy at cost le accumulated depreciation and impairrneDt losse8. Depreciation is Provided at rates calculated to write off c05t va]uation less residual value of each d55et over its. expected useful lift, as follows: Building Plant atLd machinery Fixtureb, fit(Angs and equipment Motor vehicles 2% . 20% straight line IO% straighL line ?5% striight line 20V<y Ntraight line Land AS not dq)rcciaicd. 1.8. Imp#trment of assets A review for indicators of inipdirnieiit is carried at each reporting date. with the recoverable dniouni being eslinwted where such indicators exiSL IVI)ere the carryitLg value exceeds Ihe tecoveTable atnount, tbe et i impaiied accordingly. Prior Anwairnnts are reviewed for possible reversat at each reporting date. 1.9. Slock Stock is valued a( the lower of cost and net realisable value on & fwst in fwsi out baus. Net rea.5#ble value is based on actual or esunlated 5elltng prA¢e kss further cosis expected to be incurred 10 completiun and disposal. 1.10. Defined contribution pension sthemes The nSIon ¢0siS ch"g¢d ill th¢ finallciaL statements represent Lontributions to a defJAd conttibution scheme. The Aets of the scheme e held separately from the cbaritable compiiny. The charged ts) the Statemenl of Finullcial Activiti represenL8 LonttibutiOKL8 payable by the Charity during the year. 1.11. Debtors *nd creditors receivAblelpayable withiu one year Debtor% & prepayrnenL$ are recoglliged at the sddcment allUnt due after any lde dOtst. Creditor5 are regnISed where the chariiy has a present obligation Te5ulting frorn a past event thai will resu]t in a payThenL to a third party and the amounT Can be reliably estimated. 1.12. Financial illstrument8 A finanrial a55et 01 liability is recOlsed only when the conwany becomes a party io the ¢ontraotual provision of the attang¢metti. 1.13. Judgements and key sources of uncertainty In applying company accounting policies, the Trustees are required to make jud4vernents and es(imare5 on an onooing babis aboui the carrying value of comp8Dy abbets and liubiliueb. If revibion ib require(L the revision i regniSed in that period together with tUre periods if ¢sary. The depreciation charge in respeci of lgible fixed asse is based on the es11ned use1 IAfe of each group of a3set5. R#Nision of estimated useful life of each grouPg will affect the estitnat&s chatEed ill the StafemeDt of FinaThckTrl Acttvities. Page 18
THE RESOURCE CENTRE DERRY {A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 Donations Unrestricted rwids 2023 Totsl 2022 Total Donations 3,320 3.320 739 -3,320 3.320 Other fundraising activities UDr&rtrided hlts 2023 Total 2022 In¢otll¢ frotn.. Sureslart Other Soci21 I centi'e Rent i7,694 141.009 57.694 141.009 80.%11 17,2?9 53,610 111.281 68.384 17,229 296,443 296,443 247,760 Illcome from Inyestments Unrestrieted funds 2023 Total 2022 Totsl Bank inicrest reeeivablc 2.655 4.655 4?3 2.655 2,655 423 Pagc 19
THE RESOURCE CENTRE DERRY (A company limlted by guarantee) Notes to the fmancial statements for the year ended 31 March 2023 Incotlle from charitable activities Restricted runds Capital fnnds 2023 ToLg1 2022 Total MTHscf_ Carcrs 8UPPOrt Derry City & Straballe D. C- Advice Servicc WHscf- Daycare Depi. for Comrnunilies - Drjvers Depl. for COnll1tLe.¥ - Senior managers WHSC.T. Meals oll wbeels WHSCT- Little Amlgos WHscf- SRP Advice NI. Weff¢l1'e rigtjts Commiinity fund Other re%triLted grant,% 15,041 123.570 15.041 123.570 95,840 47.924 36.506 13.616 28.560 14.475 L l2,743 92,207 46,63.3 35,589 14.787 27,409 47.924 36,500 1.1.616 28.560 12,579 2.000 34.947 3,820 68,439 3,820 8,584 412.403 445.895 354,4?7 Expenditure on fiindraising activiti£s Uurestrieted 2023 Total 2022 Total Costs lor.. Social centre Cornnwllity shop 70,429 82,316 70.429 8?,316 50.444 89,806 15?.745 159.745 140.250 Costs of charitable activilies - by fund Capital Unrestricted ReslTieted Restricted fwids funds 2023 Tota] 2022 Totsl WHscf Day CentrelMea15 on wheels 39.20? Depl. for CoTnrnunitie5 - DiiveTh 17,635 Derry Ciiy CouncillAdvice Nl - Advice Services 34,031 WHscf- Carer% support 5.491 Depl. foi CDmmunitie5-Senioi llager 28,589 'Hscf- Liule Arnigob O(her 109.456 47,9?4 123,i70 15.041 36,506 ?8,488 51.346 148,658 65,)59 157.601 ?0.53? 65.095 28,488 160.906 146.899 69.203 150.7)2 19.324 65.069 84.974 24.586 46.233 209.9?2 417.331 ?4.586 646.839 523.8)9 Page 20
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the fmalleial statements for the year ended 31 March 2023 Auditors, remuneration 2023 2022 Auditors, remuneration - audit of the fllwicial statetnents 6.100 Au41itors' remuneratton - other fees". Non audit services 3,186 2.286 Page21
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 Analysts of supportladministration eosts 2023 2022 Staff costs Rat&8. tLeat & light RepAS and maiJ)tenaDce Insurance Cleaning Motor and tr1& vellin4F costs Auditors, remuneration (Goveniance cost) Legal and prole$qional fees (Governance cost} General expenses Telephone Prinling,posiage.slauonery & Advertising Depreciation and impainnenf crc Lharges 3,934 25.018 11,304 20.58.3 6.853 1,776 1,586 6.11 34,669 1.398 2.64 4.15.) 33.134 1,978 14,107 1.141 1.037 3.154 24,399 2,019 180.403 189.694 Allocation of support eosts to projects Daycarelsocial cenEre Wejfare rights O)mmunity fund Carers SUPPOrt Dn'vets Manager Shop donation Other 52,695 33.223 9.694 4,172 13.293 10.126 24,480 32,720 54,115 37.773 4.849 l5,6?5 11,923 36,256 180,403 189.694 io. Net illcumAng resources for the year 2023 2022 tkprcciation 33.134 24.399 Page 22
THE RESOURCE CENTRE DERRY (A Company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 11. Employe Employment costs 2023 2022 'age% and saltiries Eniployers national insurallee Pension cost% 515.532 34.953 11.621 467,30) 26.791 8.142 562.106 502,438 No employee rcecivcd cmolwncnts of rnorc than £60,000 1207a . None). Number of employeeb The average monthLv numbers of employees duriog the year. calculated on the baslls of full time equivaJentS, W&5 fvllows". 2023 Nunther 2022 Number Projecl related Wiiges AdTninistr4tive 22 22 27 27 Employee stat Full tirne Part time li 16 13 14 27 27 Trustw expenses & remuneration The trllses were not paid durints the year for their service&. The trustres were not paid or reimbury£d for extKnses during the year. 12. Key management personnel remuneration The key n)anagement personnel of the compamy are lis(ed on page 2. Total remuneiation for the year ellded 31 2023 of key maDagenient persoDllel wa5 £156.412 (31 March 2022 . £138,447). Piw 23
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for tbe year ended 31 March 2023 13. Penglon costs The company operates a defined coutribution pcrL%ion ,4chcme in rtspect of its employe&s. The scheme and IL8 a%sets dre held by independent rnanagers. The pension charge repre8ents contribuuon& due from the cornpany and amounted TO 2023 2022 Pension charge 11,62l 8.14? 14. Taxation The Res0¢¢ Centre Derry is a LhariLthle Lompany for purposes and is ¢x¢mpt from wrporation tax on its clllriLtble ictivities_ Accordingly, rhere is no tsxauon ¢knrgtt in thest aclounts. Freehold land and building5 IS. Tangib r]xed assets Plant and ¢bInerY fittings and equipment Motor vehi¢l¢s Total Cost At l April 2022 Additions Disposals 892.161 ?3.274 178.421 44,900 1,138,756 35,664 At 31 March 2023 892,161 ?3,274 178.421 80,564 1,174.420 Depreciation At l Apiil 20?2 chge for the year 316.160 15,78.4 ?3.274 175.503 1238 19,627 At 31 March 20?3 331.943 23.274 176.741 35,740 567,698 Net book values At 31 MIvL'h 2023 -560,218 1,680 44,824 606,722 At 31 Mah 2022 576,(K)I 2.918 ?5,273 604,192 Depreciable asseLS included in land and buildings ai 31 March ?J?3 was £880.161. 16. Stockg 2023 2022 Siockts. 1,284 Page 24
THE RESOURCE CENTRE DERRY (A eompany limited by guarantee) Notes to the financial statements for the jear ended 31 March 2023 17. Debtors 2023 2022 Grant debtrS Ti"ade debtor. Other debtors And prepayments 39.764 23.660 -37.748 8,620 22,208 4.1.616 101,172 74,444 18. Cash and cash equivalents 2&23 2022 Cash at bAllk in halld 4.36,191 484.828 Cash and cash equivalents tiomprise cash at bank and in hand amd cash on short lerni deposiL 19. Creditors: amounts falling due within one vear 2023 2022 Trade tyreditors & acLYuals T8xe8 and Aocial sccwity credito 87,944 4,147 60,951 92,091 60,951 20. Analysis of net assets between funds Unrestrithd Restricted Re5trictul funds income fuDds c4pitsJ funds Totsl runiL8 Fund balances at 31 MarLh 2023 as represented by". Tcwgible fL%ed assets Current assets CLLTrnt liabi]itie.s 114.191 533.982 (92,091) 492,511 606,7?2 537.895 {92,091) 3.913 556.082 3,913 492,531 1,052.5?6 Page 25
THE RESOURCE CENTRE DERRY (A company ]imited by guarantee) Notes to the financial statemgnts for the year ended 31 March 2023 21. Unrutricted funds 01 April 209? Incon Expendithre 31 March 2023 General Reserve 616.331 (362.667) 556,082 Purposes of unrestricted funds Unrestricied funds are Ill1$ thai utilized at the discretion of the trte¢S in fuTtherdnce of the objects. of the chatity. Included iti untesiticted fund5 are doualions, Inco fiom Tellt aThd nwuagemeD¢. social ¢enire and COmEnunity sbop incon]e. inVestE[nI inconie and SUDdry one off unrestricted grants. Page 26
THE RESOURCE CENTRE DERRY (A compally limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 22. Restricted funds 01 ApTll 2022 Incon Expenditure 31 March 2023 WHS(J - Liule Arnigos Comn]unities rund WHSC'.T-DaycC DC. & SDC l Advice Nl WHSCT- CareTh %upport Dept. for c.ommunities vniscr - Meats otl wheels Orher re4rricled ¥rantl+ 3.841 28.560 34.947 95.840 l23,570 15,Nl (28.4881 (34.947) (9i,840) (123,570) (15.0411 (85,9_30) (l.3,616) (14.8991 3,913 14.899 412,403 (412,331) PuryosEs of restrACted funds The aim of the Little Amigos programme is to provide an after school playgroup. Incorne frotn the Communities fund, both operating it)come and capttal, is provided for the the running ot the Meals and Wheels Service. Income. trom Western Health and Social Care Tnt helps provides a tully regulated daycare facility the centre. The qualified .suff wovide a range of servic&% for th08e wilh dementi& physical and healih issues. This service facilitates independent living and helps e&%e pres*U oll care. Income froin DeY Cily & Strabane Di.strici Council l Advice Nt tund% ale utili8ed to provide a welfare [ighL infoTmation and tribunal advice scryicc. Advicc is providcd on social sccurity and ho$18 benefits, employment rights a7Ld other issues as they arise such as The Affordable Wam)th Scheme. The aim of the WHscf Sitting Scrviee fijnd is to facilitatc the provi.%ion of a resplte %ervice at home for e2reTh in the C(TrTntnunity. Income from tbe Department for Coll]mllDitie5 funds salaries for 3 sewor )nanager and three transport thivers who provide deliveries t-or ail Lentre users including Meals on Wheel% Communiiy Shop delii'eries and day trips. The aim of the meal.8 on wheel% program is (o provide hot nu(ri(iODaI meals to thoqe in need QT give re4Pite io tb(K%e aring for loved ones who cannot Iravel to the centye ai Carnhill. The service enSUS a friendly face visits daily and help8 reduce the isol10n of the mSt vulnerable memberts of our sIKieiy. Other ndrY restriLted funds are reLeived by the Resource Centre to be uti]tsed for %pecific purpo%e% i% ourlined in the LetieTS of Offer. Page 27
THE RESOURCE CENTRE DERRY (A company limited by guaralltee) Notes to tbe fancial statements for the year ended 31 March 2023 23. Restricted CapIt funds At At 01 April 2022 Ineome Expendithre 31 March 2023 Sundry restricted tunds Sl Brigids Parn#h Hall renovation grant R¢souTCC Ccntir rcfijrbishmellt grant CDmmunities fund- Elpxtric vehick 85.49? 305,769 (3,953) (7,250) (6.684) (6.699) 81,539 298.519 85.680 ?6.793 33.492 483,625 (24.586) 491531 Puryoses of eapital funds Sujthy re.4tricted fund.% repre¥ellt ineome receii'ed froni fuDderE for purchase of %pectfic fLxed akseL8 to facilitate the opcrdttons ot the day centre. The tllnd balanc are reduced by the anM)unt of depreciation eharged. Income received from the Department for Communitie4 repres- enLs grant income fix the renovaiion of St Brid Parish Hall. The trund baIance 15 Teduced by the am(Hmt of depreciation charged. Income received from Northside Developmeni Tnt represents grant income for the renovation of the main RCD building ai cnhil1. The tund balance is reduced b}, the amouni of depreciaiion charged. Income received trom Communities fund for purch$e of an electric van. The fund balance is reduced by the amount ofdepreciacion ch4irged. 24. Analysis of changes In net fund5 Opening balaDee Closing balance tIows C&8h at bank and in Iwid 484,828 48,637) 436,L91 Net tsnds 484.8?8 148,6371 436,191 25. Contingent Ilabllltles Cilpital grants could be PaYabLe in certain CircustanCeS &% laid out in the LAter of Offer. Page 28
THE RESOURCE CENTRE DERRY IA company lin)ited by guarantee) Notes to the financial statements for the year ended 31 March 2023 26. Related party trwLsactions The trusteeg of The Resource Cene Deny are also direcior% o(4RS Recycling C.l.C. Net IraThq¢iciions 4RS Recycling CJ.C during the ye¢W £47,2j812022 - £27.834j. At 3 l Miwch ?(V3 4RS Recycling C.l.C owed the ResouT¢e Cenlre Derry £9,482 (2022 - £41.299j. TraftbaGitonb with Shantallow Comniunity Support PdTtnership. d partnership between The Resource Centre DeTry and WHSCT dIng the year was £57.694 (202? _ £53:610). At the balance sheet date ShAntallow Co]ntllunity Support Partnehip uwed The Resoutce Centre £4.23012022- £92). Tiustees Marian Quinn, Josephine DOhty and Jackie Nixon ate also directois of St. Bridgets Community Bingo Limited. Transactions with St. Bridgets Community Biiigo timited during the year was £0 (2022 - £0). At the balance sheet date £0 (2022 - £0) w&% owed to the Resource Centre. 27. Going concern The findnLial staiemenll8 have been prepared on a going conLYm 415 the trusteeiy believe ihai no rnaterial uncertainty exisi. The trustres have considered the level of ndS and Ihe expected level of income and expenth'ture tor twelve TnthS froni auth0ri5ing these tinancul SLeTtients. 28. Company limited by guarantee Tbe cornpany limited by guarantee having a Sha capithl. Evtry member OF the company undert&ke.s to conlribute lo the &55eEs I Itabilities of the company in the event of the same being wound up 4]I1e helshe is a member. OA. withi.n one year after helshe CeS to be a member, for pay]nent5 of the debts and liabih.ties of the ¢omp3Thy conrracted before helshe ceas¢b to bc a metnbet, alld of the cosLs, charges and expenses of winding up 2nd for the adjustment of the rigbLs of the ContriburieS amongst theJTL4elYes. %uch amouni &s maybe required not exceeding one pound. Page 29