2023-03-31-annual-return

THE RFSOURCE CEKfRE DERRY Racecourse Road Carnhill Derry BT48 SBA Date: 6 September 2023 IcDaid Mccullough Moore Statutorv Auditor 2PJ32 Clarendon Street Derry BT48 711D BT48 7HD Dear Sirs, We confirm to the best of our knowledge and beltef. and having made appropriate enquiries of other tNbrees and olficials of the charitable ¢ompi)ny, the following representations given to you in conllects'on with the charit¥Lble company's financial .%iatements for the year ended 31 March 20?3. These enquiries have included inspection of supporting docunientation, where appropriate, and are sufficient to satisfy ourselves that we can make each of the following representations. General We acknowledge as directors our responsibility under the Companies Act 2(M)6 for preparing financial statements w'hich give a uue and fair view and for making accura￿ representations io you. All the acLounting records have been made availablc to you for the purpose of your audit and all the tran5action5 undertaken by the ch(￿ltable company have been properly reflected and recorded in the accoLtnting records. All other records and ielated infornialion. includjng minutes of all mana¥emenl and members rneetings. have been made available to you. The financial statements atE free of material misbtai¢ment5, including omission5. We believe that tlie effecl of uncorrected misstslements is immaterial both individually and in total. Internal Controls and Fraud We acknowledge our responsibility for the design alld impLementation of iniernal control systems to prevent and detect fraud. We have di5closeAJ Lo you the results of our iisk ass&%sment that the financial .%tatements may be miSS￿ted as a resuli of fraud. There have been no itregulariti&s (or allegations of l￿egUlarl11es) involwino inanaoemenL employees who have a significani role io internaI Con￿￿1 or others that could hav¢ a maleriat effect on thc financial statements. Wc have a150 disclosed to you all infotrnation ill relation io allegation5 of fraud or suspected fraud affecting the entity's financial stafrments coiniiiunicated by current or fonner employees. analysts. regulaiors or others. Accounting Policies The accounting policies used are detailed in the fll]ancial statenwits and are consistent with those adopted in the previous fLllK2ncial statemenls. Accounting estimale The methods. dats and stgnificanr assumptions used by us in making accounting estiTnates, and their related disclosures, are appropriate io tichieve recogniuon. measurement and disclosure rhat is reasonable in the contexi of the applicable fLnancial reporting fran￿Work.

statement of Financial Activities - Deficit £51.Z71 Except as disclosed ill the fllwicial statemellts, the results for the year were not materially affected by: (a) (b) (c) (d) trnnsaclions of a sort not usually undertaken by the ch3rilabk company: circumstances of an excepiional or non-recllrrent nature. charges ot eredits relating to prior periods or any change in the basis of aLcounting. Any expendiiuif included in ihe finanLial slatement5 (where receipts or vouchers were noi available) w&8 properly tnade in connection ivith the canying on of the charitable companys business, unless specifically noiified lo you as being of a private naiure. Fixed Assets (£606,722) {¥d) The company has a satisfactory title to all fixed assets included in the financia] statements alld there are no liens or encumbrances on the company &ssets. except for those that Are &s d￿CI0￿ed in Ihe noces io (he financial Sta￿MentS. (b) The fixed assets to which the company h&5 satisfactixy title included in the financial statements. (c) All atnounts of expendilure capitsli5ed in respect of fixed ￿setS ￿ detaEled in the financial statemenLq represent expenditure incutred in acquiring additional assets or improving existing assets. No expenditure capilalised is of a revenue nature. (d) We have no plans or intentions that may materially alter Ibe carrymLF value aDd: where. relevent. the fair value m&￿UreMenL8 or classification of atssets reflected in th¢ financial statements. Stocks (£532) The chantAble company's stock comprises the whole ot the charitable company's stock wherever situated. The stock was ascertained by annual evaluation cartied out by the CO￿panY'S employees under the supervision of resw>nsible OffiLials on (and after) 31 2023. The stock has been valued ai the low￿ of cost and estimatd net realisable value. Debtors (£101,172) BalanLes included in the financial statements are all valid debtOTS or prepayments. The bad debts written off are coniplete as far as the Iruslees are aw￿ and full pro%isioo has been against specific debts which are know￿ or may be expected to be irrecoverable. Other Current Assets (£436,191) In our Opillion, other current a&sets' are expected to Teali%e in the ordinary course of b￿￿inesS at least the amounts at which they are Sts￿d in the companys Balance SheeL Liabilities (£92,091) All known liabilities of materia] amount at 31 March 20?3 are shown in the financial statemenL8 including the ￿ab￿(tY for all puwhases to which title has passed prior to 31 March 2023 and for all items included Én sEwks'. All actual liabilities, contlljgent liabilitses and guarantees given to th￿d parnes have been recorded or disclobed as appropriate. We have no plans or intentions that nthy materially alter the carrying value and, where relevant, the fair value Measurernen￿ or classification of liabilities ref]ected in the financial statements.

1. Capital Commltments At 31 MaTch 20?3 there were no conullitments for capital expendinjre.
2. Subsequent events There have been no events since the balance sheet date which necessitate tEvision of the figures included in the finallcial statements or inclusion of a note thereto, Should turther n￿[erial events OLcur, which may necessitate revision ot the figures included in the financ￿1 statements or inclusion of a nole thereto, we will advise you accordingly.
3. Transactions ivith Trustees The comp4￿Y knas had at no time during the year any alTa￿gen￿n[ transactioll or agreement to provide credit facib.lies (including loans, quasi-loaDS or credit transactions) for the trustees nor to guarantee or provide .security for such matters.
4. Other Related Party Transactions All other related Pl￿Y tnnslc Ction5 for the year ended 31 Marcb 2023 are shown in Note 26. We have made available to you all relevent InfOrn￿li0n concerning such transactions and are noi aware of any oiher matters which require disclosure in order to comply with the requirements of the Companieb Act 2006 01 accounting standatds.
5. Colng Concern We believe tbat the chaTiLible compauy's fillancial Statements should be prepated on a going concern basis on the grounds thal cutrent and future sources ol funding or supporl will be more than adequate for the charitable company's needs. We also confiTm our plans for future action required to enable the ompany io continue as a going COn￿rn are feasible. We have Considered a period of twelve months froni the dale of approval ot the financial sutements. We believe that no furtber di5elosures relaiing to the chaTifable company's ability to continue as a going concern need to be made in the financial statement5.
6. L2w and Regulatio We not aware of any irregularities: includin£ frdud. involving manag¢ment or employees of th¢ charitable company. nor are we aware of any bIeacheb oi possible breaches of statutc, regulations or contracts, agreements or the company's Memorandum & Articles of Associaiion which mitsht prejllclice Ihe charttable company'5 going concern status or that might result in the charitable compaJ)y suffeiing Significant penAltie5 01 other loss. No allegations of such irregularities, including fraud, or Such breaches have cothe to our notice.
7. Grants and Donations All grants, donations and other income, the receipt of which is subject to specific tern￿ and conditions, have been notifLed to you. There I￿ve been no br¢aches of teffl￿ or conditsons during the Ye￿ in the applicauon of such income. Restricted grants and donations h.lve been received during t1￿ year from the following . Department for Communities, Western Health and Soaal Cl￿e TrusL Derry City and Strabane District Council: Community fund and other sundry granL%. All restricted revenue income balances to be catried torward, have been notified to you.

8. Cashlshop donations Illl c￿h donatioDS received, during the year ended 31 March 2023 have been included in the weekly tinancial record.8 and are illcluded in the fLuancial .gtalements.

9. Social Centre Activitie All income received from social Lentre activities, during the year ended 31 March 2023. including meal receipts, bus income. b￿00 ll)come, meals on wheds receipts: eiitertainment and hairdressing have been includ¢d in the weekly cash returns and are included in the fin(￿claI slaiemenls. We acknowledge our legal responsibilities regarding disclosure of informatton to you as auditots and confirni that so far 2LS we are aware. there is no relevant audit InfOrn￿￿Oll needed by you iii connection with pieparing YOUT audit report of which you are unaware. Each direeior has iaken ail the step.s that he ought 10 have taken 18 a thrector in order to mak¥ himself aware of any relevant audit information and to establish that you ar¢ aware of that inforllthtion. Yours faithfuuyy uinn Trustee J ￿1X0￿