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 s￿le￿]ent of fin¢mci&I posiiion 14 s￿tement of cush flow 15 Note5 tu the fjnallcial staten￿￿t$ 16-29 THE RESOURCE CENTRE DERRY (A company limited by guarantee) Legal and admiDlStrative infOrn￿tiOn 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 ApPO￿ted 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 Al￿ed 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 siatell￿nts 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 prep￿ed 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 af￿r 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 elicies. The trust Rs n￿￿aged daily bv a cljief exe¢utAve. care manager. welfare ri.gh15 manager. finance manager and senior emplo￿¢5. The senior ellwloyees ieport dady to th¢ chi¢1 cxcculive And ihe Yatioiis matL2gers ellsuring the SllK)Otb operatt'on of rhe Ccntre. Thc serrioi mana¥emcnt i'esponsible for ensuring th¥ cmployces and tbc Celltre complies with all ielevant tegu147tiOll5 iDcludillg food hygiene, health & safety. health iDformation alld quility it uthority regulations (lllQA) aKLd general data protectiou regulatiOLS. Traillillg and profcssiollal dei'elopll￿llt courses are provided for all The R¢source Cenlre is an equal opportunities employer comrnitted to positive policie8 on recruitment. ￿aIning and career deVelop￿ent for .%thrf member5 land potential staff rnember5) retsxrdless of mariral &tariis: relioion. colour, race. eclinic origin or disability. The Resource Centre also ￿¢0m￿dateS patrons with disabiliiies by providing easily acces&ible entr). alld exit. Appointpnent QFtd traiiiinv of trnstees New tr￿SleeS are Dominated by currenc truslees and froTn norniDations prOp(￿d by DeTry City & StrabaDe District Council. Induction iT]d trAinin8 of new trustees is provided by existing trustees and ernployees. Most tyusiees due 10 their experience and backgrouttdb are already familiar with the work of the Re50UTf¢ Centre. Principal risLf and 14ncertoinnes The nunAgemeni conducied its oivn reYAew of the major risks to which the company is exposed arjd %vstenis have been eslablislied io mitigaie those risks. The (rustees contiiiuall).. monitor their exposure io financial risk. Given the size of the ¢ompany, Ibe trnstees tsa￿e llDI delegated the responsibility uf monAlorin¥ financial risk tsi a sub follllllittee. The poh'Lies set by the tnistees Are implemenied by deparnneni and the fi]Jxnce depJrtmcni. THE RESOURCE CENTRE DERRY (A company limited by guarantee) Report of the trustees for the year ended 31 March 2023 The f￿ancial 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 rel1￿ce 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 e￿surIng 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 m￿lee5 have implemenied p0￿'¢ieS thdt require appropriale credit checks on poleniial cult0￿￿[.5 betOTe itan5￿tiOEi.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 auth￿15a[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 Voll￿tter$ i?022 55)who ale involved in vario1￿ activities inL'ludiDg collectioll aud distsibution of ￿eal￿. (mea15 WI￿15). helpillg in the Com￿U￿1tY 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 State￿￿t[t. The TrusUcban"table company was estabb'shed ts) provide pubb"c benelit by UDdertak￿g 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 p￿vIde5 dayca￿ f￿ll￿ties. cfwll5elll￿, advice and ll&ornthlion s¢rvi¢es. cducaiional courses. traillillg facilitie5: ll&als on wheels. a Lonmiimit%' shop and cate ￿ge￿I￿r with Iransport SCIryiC¢S socihL ceDrre for thc communiry. Tkn general public. and Ic￿le, 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 n￿ill objettive of the charity I￿ the provision of a social ccntrc. RCD opcraccs thc ccntrc witb the .%upport and tllnding ftoni The Wes￿ri] Health and SoLial Care Tn￿1. 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 opera￿5 a belf-referral seryice ,%0 thdt nienibers of the oii]llwllitY can avail of Daycare. without ihe iequ1reu￿nt 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 wI￿L￿t at the Centre. The Cents"e n7attagement also Pro￿de& tran￿Ort 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 l￿d ￿C&s￿Eble 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, PrO￿lde.$ a tree aod confidential counselling and advice service on ibsues such as social security benefits, housing, employmeni and ¥yo￿p1aCe 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 Tr￿81 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 PL￿e]¥> pri)Vibion ot food hampers vouchetS dnd the sale ot. I￿0￿&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 h￿draiSIllg 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 e￿lY eveningb. Specific aehievemenLS during ihe year included pro*i4ion 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 W￿er$1de, Ballymagroart) (￿d nieals donated to the Simom community. The Rebource Centre also distributed 112 food & meal vouchers and 61 food parcelbthamperb. The Welt&re RighEs Service had 1.445 conswltarion% and provided valuable tr&ininv on changes 10 Ihe Welfa￿ sysieMI. Total fooLfall at the centte wati 3.4?1 averaging 285 pei including atlellding tratning cou15es, hall hite and variouts rlleetingb. Financial review The Resource Centt'e, similar to other Or£￿￿ationS. 21 re eAperieDcing an unprecedented iDcreLse in nJnntllg costs utld it is essenti￿ th￿￿t continuously rnonitor expenditure operale economically w]ll"Ist maintaining an efficient and effective service. Income foi the year, excluding capital fvnding of £33,492 wa$ £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$. The resulting deticii ai 31 March was £51,271 (2022 - £60,760). Nei assets ai the balance sheei dale were £1.052.526 (?022 - £1,103:797). The trustees are &gitibfied with the perforn)ance and resu115 of the charitable conipany durino the year. Annual fwidtll¥ for core services pr(Ivided by the ResoL￿ce Centre fiom Wesletn Healih & Social Care the Department for Conllnuoities and DeLry City & stra￿lne District Cf)uncil continues to be vital to tILe operation of tbe facility. Reserves The Tru%lees have exdmined the ch4Wity"'s requirernents re5eiveb tak-ing inw account the risks. that the Trust h rec47gnised. The reserve require[￿ellI ￿ estimated to be at least six montb5 Ot expenditure. Currently annual revenue expenditure of the Resource CelltTe is approxiD]alel￿ £800.0(X) equaiing io rnoDiI)ly expenth.ture ol approxinM¢Iy £66,000. Unrestricted r¢serves at 11 March 2023 were £556,082. RestnL*ed reserves at ihe biilance sbeet date arrK)unt to £496.443 and have atisen priwipally as a Irsult of the renov1¢ tion of St.Brigid,s Parish Centre and tbe refU￿1St￿llent of the main RCD buildmg. Page 6 THE RESOURCE CENTRE DERRY (A company limited by guarantee) Report of the trnstees for the year ended 31 March 2023 Investments and investment po]icy The Memorandum and Articles ot AssoLiation autlM)Ttscs thc Tr￿$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. - Maill￿1￿ 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 pro￿1de 2ddiTional faciliTies and Services and - turther dcvelope the RCD building to include better care and service taciliues and a bcuci c01t￿n￿nit}. shop and cate. The Trust colltlnues to receive funding from WesTern Health & Social Care Tn￿4 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 ch￿lIable cOmp￿y. 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 infOrn￿On of vthtch the chatitable company's auditor5 are unaware" and we have thken all the steps that we ouoht to have taken as tr￿strtS 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 S￿te 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 Ma￿rial depariures disclosed and cxplaincd ill thc financial $ta￿￿￿]ts,. and prepare the t"inancial staten￿ll￿ on the going concern basis unless li is inappropriate to presLEme that the chariiy will conunue in operation. The trUSteeN are re8pon5ible for kegping adeq￿te ￿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¢oule &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 nil￿er￿aL 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 f￿1. THE RESOURCE CENTRE DERRY (A company limited by guarantee) We h41ve nothing ts) report in this re￿ar{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 aL￿lti the infomation given in the t￿￿tees, 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 rnai*t5 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 agreen￿nI 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 explrt. However. future events or conditions rnay cause the chariLkble conwany to ce&4e to continue a going concern. evaluaie the overall presentation. StrUCN￿ and conieni of ihe fthancial sLitements. including the disclosures. and Wh￿￿er the fllLallcial staternents represeDt the ￿nd￿lY1[[g Iran5actsons and events in a llmimer thai acbiev¢s fair presentation. Use of our report Thix report 1% ll￿e *oleRy to t￿ eEwitable coMpaD￿l mcmbcr%, a* i bod!,. in ac¢ordancc with Cbapter 3 of Part 16 of the Companic% Act ?0116. Our audit work has been undertaken so Ihat we might state to the charitable coryany'8 truste&s those matters we are required to State to them in an audiiors, report and for no other Purpose. To the fullest extent penniited by law. we do noi accept or as.sume respi)nsKbilily to anyone other than the charitable Company and the ch￿l￿ble COniPdlly'S trustees. body, for our audit work. for this report, or for the opinions we liave tornied. Gerard Murray (Senior Statutory Auditor) For and behalf of McDaid Mccullough Moore Chartered Accountsnts and Statutorv Auditor 28132 Clarendon Street Derry BT48 7HD 6 September 2023 Page 12 f-i pi THF. RFSOURCE CFISYRF DFRRY (A company limited by guarantee) Company IYO. N1023358 Statemellt of f￿ancial 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 sthtttn￿Mts 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 fuk￿Cial 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.. jn￿re&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 r￿ed assets (35.664) {9,-$00} Net increase in cash and c&sh equivalents 148.637) 37,206 Net increase in cash and cash equivalents Cash and c￿h equivalents at l Apiil 2022 (48.6.17} 484,828 18 447,622 Cash and cash equivalents at at 31 March 2023 18 4_36,191 484,828 Page IS THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2023 Accounting Polffieles 1.1. Accounting convention and basi5 of preparation The ¢hariiy ¢onstituies a pub￿¢ benefic entiiy as defLned by FRS 102. The Resource Centre Derry is a private conw<1lly lin)iied by guaraniee. regL51ered in Northern ireland. Tr address of the registered office is Rncecourse Road, Canthill, Deny BT48 8BA. The fillaneial statements have been prcparcd under the historic cost convention and in compiiaLce with a￿d in aceordattce witlk Aecounting and Repotting by C1￿111t$- Statement of ReL"omniended Practtee app]icable harities preparing their I￿rOun￿ 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 2￿6. 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 p￿ry￿seS. 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 Staten￿nt ol fina￿La1 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. EXpendI￿e is split beiween Iestricted and unrestticted expenditure. Unrestticted expendituie relate to the n￿￿agen￿nI 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 It￿ludIng 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 r￿ed assets and depreclation Twible fixed