Ch4rlty number: NIC104471 Compydny number: N1023358 THE RESOURCE CENTRE DERRY (A company limited by guarantee) Trustees, report and financial statements for the year ended 31 March 2024
THE RESOURCE CENTRE DERRY (A company Ilmlted by guarantee) Contents Page Legal and administrative infornlation Trustees, amiual report (incorporating the directors rq)ort) Independent Auditors, report 9-12 Statement of fmancial activities 13 Statement of tlnancial position 14 ststement of cash flows 15 Notes to the fmancial statements 16-28 Page I
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Legal and administrative information HMRC Charlty number XR175222 Charity Number NIC104471 Company registration number N1023358 Business address Racecourse Road Can)hill Derry BT48 8BA Racecourse Road Carnhill D¢ry BT48 8BA Registered office Trustees M Quinn (Chairperson) J Nixon (Secretary) J Dohety R Walsh Fr. MF Mccaughey M Hamilton C Mccaughan M McPhillips C Dohety Treasurer) K Mccolgan H Boyle (Secretary) Fr S O'Donnell P Cassidy K¢signed 30 November 2023 Resigned 18 September 2023 Resigned 10 May 2023 R¢sign¢d 28 Jun¢ 2023 R¢sign¢d 15 May 2023 Appointed 15 May 2023 Appointed 27 September 2023 Appointed 10 October 2023 Key management personnel Registered care manager H Doherty Welfare rights manager J McKinney Finance manager L Watson Responsibl¢ person for DaycarelCEO P Mccarron Auditors McDaid Mccullough Moore 28132 Clarendon Strect Derry B T48 7HD Bankers Allied Irish Bank Meadowbank Strand Road Derry BT48 7TN Solicitors Mark McFeely Brendan Kearney & Co 4 Clarendon Street Derry BT48 7EX Page 2
THE RESOURCE CEiYfRE DERRY (A company limited by guarantee) Report of the trustees for the year ended 31 March 2024 The trustees present their report and the flnancial statements for the year ended 31 March 2024. The trustees who served during the year and up to the date of this report are set out on page 2. This report is prepared in accordance with Accounting and Reporting by Charities.. Statement Of Re¢ognis¢d Practice applicable to charities preparing their accounts in accordanc¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued Oct()ber 2019). The trustees appreciate the support provided by our funders and the dedication of our staff, in this ditTicult y¢ar. Structure9 governance and management Governing document The organisation is a charitable company limited by guarantee not having a share capital (company registration number N1023358). It is recognised as a charity by HM Revenue and Customs (registration number XR175222) and was registered as a charity by the Nt Charities Commission in February 2016 (registration number NIC104471). The Trusts governing document is its Memorandum and Articl of Association dated 15 Decemb¢r 1989. Organisational slruclure The charitable company is managed by the trustees. Trust¢es are chosen based on their skills and professional backgrounds so as to ensure a wide range of experience is represented on the Board. Trustees m¢¢t monthly to review perforn]ance, deterniine strategies, assess risk and plan future policies. The trust is managed daily by a chief executive, care manager, welfare rights manager, fJnan¢e manager and senior employees. The senior employees report daily to the chief executive and the various managers ensuring the smooth operation of th¢ C¢ntre. The senior management are responsible for ensuring that the ¢mployees and the Centre complies with all relevant regulations including food hygiene, health & safety, health inforniation and quality authority regulations (HIQA) and general data protection regulations. Training and professional d¢velopm¢nt courses are provided for all staff. The Resource Centr¢ is an equal opportunities employer committed to positive polRcies on recruitment, training and career development for staff members (and potential staff members) regardless of marital status, religion, colour, race, ethnic origin or disability. The Resource Centre also accomodates patrons with disabilities by providing easily accessible enty and exit. Appoinlmenl and training oftn4Ste&s New trust¢¢s are nominated by cuent trustees and from nominations proposed by D¢ City & Straban¢ District Council. Induction and training of new trustees is provided by existing trustees and employees. Most trustees due to their experience and backgrounds are already familiar with the work of the ReSOue Centre. Principal risks and t4ncer¢ainti Th¢ manag¢m¢nt has conducted its own review of the major risks to which the company is exposed and systems hav¢ been established to mitigate those risks, The trustees continually monitor their exposure to fmancial risk. Given the size of the company, the trustees have not delegated the responsibility of monitoring financial risk to a sub committee. The policies set by the trustees are implemented by department managers and the fmanrc department. Page 3
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Report of the trustees for the year ended 31 March 2024 Th¢ fmancial viability and sustainability of the Resource Centre is a major risk recognised. The trnstees continually strive to source additional or new funding to enhance the facilities and services available at the centre. Diversification of activities to place less reliance on public funding is sought and has been achieved by generating income from the Community Shop, the Community Cafe, St Brigids Centre and private daycare. Business and financial risk is managed by ensuring appropriate staff, with the necessary experienc¢, are in place and budgets and forecasts prepared and reported on monthly. The reporting network makes use of IT systems which includes Microsoft Excevword, Evide and Sage software packages which are continuously updated and maintained. Recrnitment & retention of staff is a concern that has come to light in the current economic climate. RCD is working with fimders and other stakeholders to enswe there is increased sustain¢d investment in this ar¢a to ¢n5ure services providcd are not diminished. The Resource Centres, principal fllthncial assets includes cash, grant debtors and trade creditors. Associated risks include credit Tisk and liquidity risk. To minimize credit risk the trustees have implem¢nted policies that require appropriate credit checks on potential customers before transactions tske place. To minimize liquidity risk material purchases are carefully planned to ensure appropriate cash flows exist to meet operational costs. tnternal risk5 are minimised by the implementation of controls and procedures for authorisation of all transactions. Pay Policyfor Key Management Personnel The trustees consider th¢ department lllagers and senior staff as the key management personnel of the Charity responsible for operating The Resource Centre. The trustees receive no remuneration and were not reimbursed for expenses during the year. The pay of senior staff is set by the trustees and reviewed annually and is nornially increased by inflation. The trustees benchmark in s¢tting salaries is based on the salaries of other key management personnel in similar comparable organisations. Volunteers The charitable company is grateful for the efforts of its 27 different volunteers who are involved in various activities including collection and distribution of meals (meals on wheels), helping in the community shop and general help in the kitchen and social centre. Related parties The Resource Centre works closely with Shantallow Community Support Partnership (a partnership between The Resource Centre and WHSCT) and 4RS Recycling C.l.C., a recycling and training company, in meeting its aims and objectives. objectiv and activities Charitable objccts and public interest The principal objective of the charitabl¢ company is to operate a day centre for the benefit of the public. The Trustees onsidered guidance from the Charity Commission for Northern Ireland in relation to public benefit statement. The Trust/charilable company wa5 ¢Stablished to provide public benefit by undertaking voluntary work in education. social services and similar activities. Page 4
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Report of the trustees for the year ended 31 March 2024 The aims of the organisation are :_ l. To provide an effective and efficient range of services that meet the needs of the patrons of the centre, particularly the ¢lderly, people with disabilities, long terni unemployed and lone parents: 2. To provide employment and volunteering opportunities, which helps to regenerate the area economically and enhances self confidence.. and 3. To act as both vehicle and stAmulus for community enterprise. To achieve this objective Th¢ Resource Centre Derry provides daycare facilities, counselling, advice and inforniation services, educational courses, training facilities, meals on wheels, a community shop and cafe together with transport services and a social centre for the community. The general public, male and female, young and old have access to a wide rang¢ of facilities, advice and infomiation. Public benefit How our activities deliverpublic benefit Our main activiti¢s ar¢ set out klow. All our charitable activities are undertaken to fiJrth¢T our aims of providing public benefit. Day centre andrela¢edfa¢ili(ies The main objective of the charity is the provision of a social Centre. RCD operates the centre with the support and funding from The Western Health and Social Care Trust. The patrons, including those with dementia and complex needs, are offered a safe and stimulating environment, social inclusion thereby improving mental health and a range of activities promoting independ¢nc¢ and well being. Patrons at the centre are offered a varied and balanced diet with alternatives for those with special dietary requirements. The centre also operates a s¢lf-refeLTal service so that members of the commiinity can avail of Daycar¢ without th¢ requirement of a WHSCT referral. In addition, the Carers support s¢rvice offers respite and additional support for family and relatives who work as full time carers. The Centre continuously provides a valuable social amenity to the area and uses local volunteers in all aSpts of its daily business. Funding from the Department for Communities ensures employment for three drivers, who transport the patrons to and from the Centre and for a care manager, who looks after their needs whilst at the Centre. The Centre management also provides transport for excursions and day trips. The Community Cafe RCD continues to operate The Community Cafe. Th¢ objective of the community cafe is to mak¢ healthy> Sustainable food, affordable and accessible to everyone, reducing food poverty, whilst also promoting social interaction and community awareness. With the current cost of living crisis, the cafe relies on Fareshare/local businesses for food donations ¢nsurAng costs are k¢pt to a minimum. Counselling and advice service The centre, with ftmdillg from Derry City & Strabane District Council, provides a free and confid¢ntial counselling and advice service on issues such as welfare benefits (PIP, ESA, state pension, attendance allowance, universal credit), housin& employment and workplace issues and availability of various benefits. Liaising with statutory and voluntary agencies including social workers & health visitors, the service helps to ensure positive outcomes for clients, promoting fjnancial independence, boosting the local economy and helps to change peoples lives for the better. Meals on wheels The centre, through the Western Health and Social Care Trust and the British Red Cross provides meals accross the locality, including increasing delivery area to incorporat¢ the Waterside, ensuring that th¢ most vulnerable within our society are provided with the ne¢essary nutritional support to protect them against food insecurity. Meals are clearly labelled with specific dietary requirements ensuring the well-being of the service users.The Meals on wheels drivers provide an important social contact and also monitor user's wellbeing, health and safety. Page 5
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Report of the trllstees for the year ended 31 March 2024 O(her servic RCD operates a community shop where donated goods from the public are recycl¢d and the shop acts as a social hub for the community. In the current challenging cost of living crisis additional services have been provided such as distribution of Fareshare food par¢¢ls, provision of food hampers vouchers and the sale of reasonably priced furniture, clothing and toys. The RCD building and St Brigids Hall provides low cost rental and catering facilities for the community and is used by a variety of groups such as Weight Watchers, playgroups, St Johns Ambulance and dance classes. Lillle Amigos The centre also provides an after school playgroup to enhance and further the development of children in the locality. General The Resource Centre has successfiully operated in the area for almost fifty years. It has continuously generated income from its own fundraising and from supporting other initiatives such as 4Rs Recycling and Surestart. It continues to provide training and employftnent for the area and is a focal point of the community in Canthill. In these difficult times, the R¢source Centre Derry continues to provide an invaluable service to the local community that now also includes a con)munity newsletter and bakery. The trustees believe they are therefore meeting the public benefit test by increasing the accessibility of the centre to everyone irt the locality from the young to the elderly and all patrons of the centre by provision of the facilities and services outlined. Aehievements and Perfornianee During the year the principal objective of providing public benefit was advanced by the provision of a day centre and ancillary activities for the locality. Capacity and services are gradually returning to pre-covid levels and RCD continues to provide in-hous¢ and external services. Meals on wheels has expanded its geographical region and the daycare service has increased to cover private referrals with the possible future expansion to cover early evenings. Specific achievements during the year includ¢d provision of facilities for children using the Little Amigos after school programme and 473 childrenlparents places provided via the various Surestart programmes. Ther¢ were 43 different daycare patrons during the year, benefitting from the RCD facilities.The meals on wheels service catered for 368 different users, delivering 20,767 hot meals to vulnerable persons. Meals on wheels delivery locations now extends as far as New Buildings & Eglinton. The Resource Centre also distributed 168 food & m¢at vouchers & hampers and helped 35 users under the Hardship Free Meals Scheme. The Welfare Rights service had 1,764 Consultations and provided valuable training on changes to the welfare system. Total footfall at the centre was 4,221 averaging 352 per month, including attending trdining courses, hall hire and various meetings. Financial review The Resource Centre, similar to oth¢r charitable organisations, are experi¢ncing reductions in ndIng and an increase in running Costs and it is essential that we continuously monitor expenditure and operate economically whilst maintaining an efficient and effective service. Income for the year was £742,079 (2023 £748,313), a decrease of £6,234. Expenditure for the year was £771,076 (2023 £799,584) a decreas¢ of £28,508. A detailed analysis of income and expenditure is provided in notes 2 to 7 of the financial statements. The resulting deficit at 31 March was £28,997 (2023 - £51,271). Net assets at the balance she¢t date were £1,023,529 (2023 - £1,052,526). The trustees are satisfied with the perfornlance and results of the charitable company during the year. Annual funding for core services provided by the Resource Centre from Western Health & Social Care TrusL the Department for Communities and Dery City & Strabane District Council continues to be vital to the operation of the facility. Page 6
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Report of the trustees for the year ended 31 March 2024 Reserves The Trustees have examined the charitys requirejnents for reserv¢s taking into account the risks that the Trnst has recognised. The reserve requirement is estimated to be at lcast six rnonths of expenditure. Currently annual revenue expenditure of the Resource Centre is approximately £770,000 equating to monthly expenditur¢ of approximately £64,000. Unrestricted reseryes at 3 E March 2024 were £546.730. Restricted reserves at the balance sheet date amount to £476,799 and have arisen principally as a result of th¢ renovation of St.Brigids Parish Centre and the refurbishment of the main RCD building. Investments and investment policy The Memorandum and Articles of Association authorises the Tjvstees to make investments. Balance sheet investments represent low risk bank d¢p05its. Principal funding sources: The principal llding sources of the Centre during the year includes Western Health & Social Care Trust - fvnding for the operation of the Day Centre, Meals on Wheels service, Carers Support Service and Little Amigos after school creche. - Derry City & Strabane District Council - Inforniation, counselling & advice service, hardship grant. Department for Communities - funding for transport worker wages, senior manager wages and cost ot living crisis intervention grant ' - Conununities lld - funding for the operation of Meals on Wheels Service. The provision of existing services and facilities and continued employment opportunities is dependent on the continued support of the funders outlined above. Plans for future periods The trustees are satisfied with the perforniance of the charitable company during these difficult times, The future aims for The Resource Centre are: to sustain, improve and expand the activities outlined above, including the establishment of early evening daycare facility. - maintain the fmancial viability of the Centr¢. - SUre the Rcsource C¢ntr¢ is ceSsible to everyone, promoting a sense of b¢longing and creating an inclusive culture. - secure additional funding for new projects. - to Co-operate with other bodies to develope programmes and provide additional facilities and s¢rvices and fLwther expand and develope th¢ RCD building that will increase our range and capacity of services provided for our patrons. The Trust continues to receiv¢ fimding from W¢stern Health & Social Care TrusL the Department for Communities and Dery City & Straban¢ District, Council. Page 7
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Report of the trustees for the year ended 31 Mareh 2024 ststement as to disclosure of inforn)ation to auditors We, th¢ trustees of the charitable company. who held office at the date of approval of these financial statements, each confm, as far as we are aware, that . there is no relevant audit infornlation of which th¢ charitable company's auditors are unaware" and we hav¢ taken all the steps that we ought to have taken as trustees in order to make ourselves aware of any relevant audit inforniation and to establish that the charitable company's auditors are aware of that infomiation. Statement of trustees, responsibilities The trust¢es (who are also directors of The Resource Centre Dery for the purposes of company law) are responsible for preparing the annual report and the financial statements in accordance with applicabl¢ law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prdctice). Company law requires the trustees to prepare financial statements for each financial year which give a trne and fair view of the state of affairs of th¢ charitable company and of the incoming r¢sources and application of resources, including the income and expenditure, of the charitable cojnpany for that period. In preparing these financial statements, the trustees are required to: select 5Uitabl¢ accounting policies and then apply them consistently> observe the methods and princip1¢5 in the Charities SORP 2019 (FRS 102). make judgements and estimates that are reasonable and prudent; state whether applicable UK accounting standards have been followed subjert to any material d¢partures disclosed and explained in the fmancial statements. and prepare the fmancial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ¢nsure that the fmancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. The trustees wish to express there sinc¢r¢ thanks to staff, funders and volunteers for their dedication, which has enabled the Resourc¢ Centre to continue to remain open and to provide the services to the community when they were most needed. Auditors A resolution proposing that McDaid Mccullough Moore be reappolnted as auditors of the charity will be put to the Annual General Meeting. Small company provisions This report has been prepared taking advantage of the small compani¢s' exemption of section 415A of the Companies Act 2006. This report was approved anauthoriSed for issue by the Thjstees on 29 May 2024 and signed below on its behalf, M Quinn Trustee Page 8
THE RESOURCE CENTRE DERRY (A company limited by guArantee) Independent auditors, report to the members of THE RESOURCE CENTRE DERRY We have audit¢d the charitable company fanCIal statements of THE RESOURCE CENTRE DERRY for the year ended 31 March 2024 which comprise the statement of financial activities, the charitable company statement of financial position, the statement of cash flows and notes to th¢ finanicial statements, including a summary of significant accounting policies. The fmancial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Rq)ublic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the fmancial statements: give a true and fair view of the state of the charitable companls affairs as at 31 March 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance with United Kingdom G¢n¢rally Accepted Acwunting Practice. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are rther described in the auditor's responsibilities for the audit of the fmancial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standar and we have lfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit ¢vidence we have obtained is sufficient and appropriafr to provide a basis for our opinion. Conclusions relating to golng coneern In auditing the financial statements, we have concluded that the Trustees use of the going concern b&8is of accounting in the preparation of the fmancial statements is appropriate. Based on the work we have perforn)ed, we have not identified any material uncertainties relating to events or conditions thaL individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the fllMncial statements are authorised for issue. Our responsibilities and the responsibilities of the Trust¢¢s with respect to going concern are described in the relevent sections of this report. Other information The trustees are responsible for the other inforn]ation. The other infomlation comprises the inforntIon included in the trustees, annual report, other than the fllwicial statements and our auditovs report thereon. Our opinion on the financial statem¢nts do¢s not cover the other inforniation and, except to the extent othenvis¢ explicitly stated in our report, we do not ¢xpr¢ss any forni of assurance conclusion th¢r¢on. In connection with our audit of the financial statements, our responsibility IS to read the other infonnation and, in doing so, consider wh¢th¢r the other inforniation is materialty inconsistent with the fmancial statements or our knowledge obtained in the audit or otherwise appears to be materially misslaled. If we identify such material inconsistencies or apparent material misstatements, we ar¢ required to deterniine whether there is a material misstatement in the fncIal statements or a material misstatement of the other inforniation. If, based on the work we have perfonn¢d, we conclude that there is a material misslatement of this other inforniation, we are required to report that fart. Page 9
THE RESOURCE CENTRE DERRY (A company limited by guarantee) We have nothing to report in this regard. Oplnions on other matters preserlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the inforn)ation given in the trustees, report (incorporating the directors, report) for the financial year for which the financial statements are prepared is consistent with the financial statements. and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on whieh Ive are required to report by exception We have nothing to report in respect of the following matt¢rs in relation to which the CompAnies Act 2006 requircs us to report to you if, in our opinion: adequat¢ cOUntIng records have not been kept, or rethrns adequate for our audit have not been received from branches not visit¢d by u5" or the fmancial stat¢m¢nts ar¢ not in agreement with the accounting records and retLllmS' or ertain disclosur¢s of tru8t¢es' remuneration specified by law are not mad¢. or we have not received all the inforniation and explanations we r¢quire for our audit. Responsibilities of trnstees As explained more fully in the trustees, responsibilities slatement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the fmancial statements and for being satisfied that they give a true and fair view, and for such internal control as the tNstees determine is ne¢essary to enable the preparation of financial statements that are free from material misstatem¢nt, whether due to fraud or erTOr. In preparing the financial statements, the trustees are responsible for &ss¢ssing the charitable companls ability to continu¢ as a going concern, disclosing, as applicable, matters r¢lated to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitsble company or to cease op¢rations, or have no realistic alternative but to do so. Auditor's responsibiliti for the audit of the fjnaneial statements Our objectives are to obtain r¢asonabl¢ assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditovs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstat¢ment when it exists. Misstatem¢nts can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these fAnancial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design proc¢dures in line with responsibilities, outlined abovc, to detect material misstatements in respect of irregularilies, including fraud. The risk of not detecting a material misstatement due to fraud is high¢r than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepres¢ntations, or through ollusion. The extent to which our pr()cedur¢5 ar¢ capable of detecting irregularities, including fraud, is detailed below. However, the prinw responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management. Page 10
THE RESOURCE CENTRE DERRY (A eompany limited by guarantee) Based on our understanding of the company and the environment in which it operates, we identified that the principal risk was that of non compliance with laws and regulations relating to small charitable companies and w¢ considered the extent to which non - compliance might have a material effect on th¢ financial statements. We also considered laws and regulations that have a direct impact on the preparation of the financial statements such as charities SORPS, the Companies Act 2006 and income tax regulations, Our risk approach was as follows:. we ensured the audit partn¢r and audit team had appropriate knowledg¢ and competence to identify and recognise non-compliance with applicable laws and regulations. using our knowledge and experience of the sector we identified, through discussions with trustees and managemenl laws and regulations applicable to the company. we concentrated on legislation we considered to have a direct impact on the company financial slatements, including the reporting framework (FRS 102 in conforniity with the requirements of the Companies Act 2006), direct and indirect taxation, health & safety and environmental legislation, data protection and employment law. we obtained an understanding of how the company is complying with these frameworks through enquiries with nllageMent and trust¢¢s as to the policies and procedures in these key areas and the controls in operation to reduce the opportunity for fraudulent transactions. We also identified potential risks relating to receipt of cash Posting of journal entries and audit procedures perfonned to counteract this risk, included testing of material journal entries and discussions with management. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we hav¢ properly planned and perfornied our audit in accordance with auditing standards. For example, the fiffther removed non<ompliance with laws and regulations (irregularities) is from the events and transactions refl¢cted in the fmancial statements, the less likely the inherently limited procedure5 required by auditing standards would identify it. addition, as with any audit, there remains a higher risk of non-detection of irregularities as these may irtvolve collusion, forgery, intentional omtssions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-complian¢¢ and cannot be eXpted to det¢ct non-compliance with all laws and regulations. As part of an audit in accordan¢¢ with ISAS (UK), we ¢x¢rcis¢ professional judgement and maintain professional scepticism throughout the audit. We also: identify and assess the risks of material misstatement of the flnancial statements, whether due to fraud or error, design and perforni audit procedures responsive to those risks, and obtain audit evid¢n¢e that is sufficient and appropriate to provide a basis for our opinion. The risk of not det¢cting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery intentional omissions, misrepresentations, or the override of internal control. obtain an understsnding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the company's internal control. evaluate the appropriateness of accounting policies us¢d and the reasonableness of accounting estimates and related disclosures made by the directors. Pag¢ 11
THE RESOURCE CENTRE DERRY (A company limited by guarantee) conclude on the appropriateness of the Trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitabl¢ company's ability to continue as a going concern. If we conclude that a mat¢rTral uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditovs report. However, events or conditions may cause the charitable company to cease to continue as a going concern. evaluate the overall presentation, StrnCre and content of the financial statements, including the disclosures, and whether the fmancial statements represent the underlying transactions and events in a manner that achieves fair presentation. Use of our report This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pern]itted by law. w¢ do not accept or assume responsibility to anyone other than the Charitabl¢ compiiny and the charitable company's trustees as a body* for our audit work, for this report, or for the opinions we have fornied. Gerard Murray (Senior Statutory Auditor) For and behalf of McDaid Mccullough Moore Chartered Accountants and Statutory Auditor 28132 Clarendon Street Derry BT48 7HD 29 May 2024 Page 12
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THE RESOURCE CENTRE DERRY (A company limited by guarantee) Company No. N1023358 Statement of financial position as at 31 March 2024 2024 2023 Notes Fixed assets Tangible fixed assets 15 575.229 606,722 Current assets Stock Debtors Bank and cash 16 17 1,250 70,271 424,823 532 101,172 436,191 496,344 537,895 Creditors: amounts falling due within ODe year 19 (48,044) (92,091) Net Current assets 448,300 445,804 Net assets 1,023,529 1,052,526 Funds Unrestricted Restricted 21 22-23 546,730 476,799 556,082 496,444 Total charlty funds 1,023,529 1,052,526 The fmancial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime and in accordance with FRS102 "Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland" The financial statements were approved and authorised by the board on 29 May 2024 and signed on its behalf by M Quinn Trustee J Doherty Trustee The notes on pages 16 to 28 form an integral part of these flnancial statements. Page 14
THE RESOURCE CENTRE DERRY {A company limlted by guarantee) Statement of cash flows for the year ended 31 Mydrch 2024 2024 2023 Notes Cash flows from operatlng activities Net (outgoing) resources for the year (28,997) (51.271) Adjuslmentsfor.. Interest receivable Depreciation and impairnient ets. (7,413) 31,493 (2,655) 33,133 chang in.. Stocks Trade and other debtors Trade and oth¢r crcditors (718) 30,901 (44,047) 752 (26,728) 31,141 Cash generated from operations (18,781) (15,628) Interest received 7,413 2,655 Net cash from operating activities (11,368) (12,973) Cash flows from investlng activities Net purchase of tangible fixed assets Net Increase in cash and cash equivalents (35,664) (11,368) (48,C)37) Net increase in Cash and cash equlvalents Cash and cash equivalents at l April 2023 Cash and cash equivalents at at 31 March 2024 (11,368) 436,191 (48,637) 484,828 18 18 424,823 436,191 Page 15
THE RESOURCE CENfRE DERRY (A Company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 Accounting Policies 1.1. Accounting convention and basis of preparatffion The charity constitutes a public benefit entity as defined by FRS 102, The Resource Centre Derry is a private company limited by guarantee, registered in North¢m Ireland. The address of the regist¢red office is Racecourse Road, Carnhill, Dery BT48 8BA. The financial Statements have been prepared under the historic cost convention and in compliance with and in accordance with Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to harities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued October 2019) and the Companies Act 2006. The financial statements are prepared in st¢rling, which is the nCtiOnal currency of the entity. Going Concern The financial statements have b¢en prepared on a going concern basis as the trustees believe that no material uncertainty ¢xists. The trustees have considered the level of ndS h¢ld and the expected level of income and expenditure for twelve months from authorising these financial statements. The principal factors underlying this judgement are - the Continu support of principal fimders; and - current financial perforniance. 1.2. Fund accountlng Th¢ funds of the charitable company consist of restri¢t¢d thnds and unrestricted fvnds. General funds are unrestricted thnds which are available for us¢ at the discretion of the trustees in furtherance of the general objectives of th¢ charity and have not been designated for other puOSes. Restricted funds are fiuids which are to be used in accordance with specific restrictions imposed by donors. The aim and use of each restricted fund is set out in the notes to the financial statements. 1.3. Capital funds Capital ndS are restricted funds retained for th¢ benefit of the charity as a capital lld. Page 16
THE RESOURCE CENTRE DERRY (A Company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 1.4. Income Income is included in the statement of financial activities when the charity is entitled to the income, any perforniance conditions attached to the income have been met and the amount can be quantified with reasonable accuracy. Income is included in the financial statements inclusive of value added taxation. The following specific policies are applied to particular categories of income: Capital grants arc recognis¢d in the year in which they are receivable and treated as r¢stict¢d fid5 With depreciation on the relevent asset charged directly to the restricted fund in the statement of fanCIal activities. Revenue grants are recognised as income when receivable. Income from fundraising trading activities is recognised when the services have been provided. Income from invesknents is recognised when receivable, 1.5. Expendlture Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure is included in the financial statements inclusive of value added taxation which cannot be recovered and is reported as part of the expenditure to which it relates. Expenditure is split between restricted and unrestricted expenditure. Unrestricted expenditure relate to the management and general administration of the charity and restricted expenditure is as set out in the letters of off¢r, Expenditure on fundraising trading activities are costs InCued in operating the social centre and community shop. Redundancy/tern]ination payments are recognised when there is a legal obligation to make a payment, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include general management and administration costs and depreciation. Overhead 5UPPOrt costs are apportioned on an income basis to PTojects. Donated goods and services The value of service5 provided free by volunteers and goods donat¢d are not included in the financial statements. Volunt¢¢rs provide services in all areas of the Centre operation5 including delivering Meals on Wheels and Daycare. Page 17
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 1.7. Tangible red assets and depreciatlon Tangible fixed assets with a life expectancy of greater than one year, are stated initially at cost and subsequendy at cost Icss accumulated depreciation and impairn]ent losses. Depreciation is provided at rdtes calculated to write off the cost or valuation less residual value of each asset over its expected us¢ful life, as follows: Buildings Plant and machinery Fixtures, fittings and equipment Motor vehicles 10 % straight line 250/0 straight line 20 % straight line Land is not depreciated. 1.8. Impairment of assets A review for indicators of impairn]ent is carried out at each reporting date, with the recoverable amount being ¢stinted where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairnients are reviewed for possible reversal at each reporting date. 1.9. Stock Stock is valued at the lower of cost and net r¢alisable value on a first in first out basis, Net realisable valu¢ is based on actual or estimated selling price less rther costs expected to be incurred to completion and disposal. 1.10. Defined contributlon penslon schemes The pension costs charged in the fmancial Statsments represent contributions to a defined contribution scheme. The assets of the sch¢me are held sq)arately from the charitable company. The amounts charged to the Statement of Financial Activities represents Contributions payable by the charity during the year. 1.11. Debtors And creditors receivablelpayable within one year Debtors & prepayments are recognised at the settlement amount due after any trade discount. Creditors are recognised where the charity has a present obligation resulting from a past ¢vent that will result in a payment to a third party and the amount can be reliably estimated. 1.12. Financial instruments A fInancial asset or liability is recognised only when the company becomes a party to the contractual provisions of the arrangement. 1.13. Judgements and key sources of uncertainty In applying company accounting polici¢s, the Trustees are required to make judg¢m¢nts and estimates on an ongoing basi5 about th¢ caTrying value of company assets and liabiliti¢s. If revision is required, the revision is recognised in that period together with future periods if ne¢Sary. The depreciation charge in respect of tangible fixed assets is based on the estimated useful life of each group of assets. Revision of estimated use1 life of each grouping will affect the estimate5 charged in the Statement of Financial Activiti¢s. Page 18
THE RESOURCE CENTRE DERRY (A eompany limited by guarantee) Notes to the fmancial statements for the year ended 31 March 2024 Donatfions Unrestrieled funds 2024 Total 2023 Total Donations 3,900 3,900 3,320 3,900 3,900 3,320 Oth¢r fundraising activities Unrestricted funds 2024 Total 2023 Total Income from: Surestart Other Social centre Rent 61,748 131,903 100,673 10,411 61,748 131,903 100,673 10,411 57,694 141,009 80,511 17,229 304,735 304,735 296,443 Income from investments Unrestrlcted funds 2024 Total 2023 TotAI Bank interest receivable 7,413 7,413 2,655 7,413 7,413 2,655 Page 19
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 Income from charitable activities Restrieted funds 2024 Total 2023 Total WHSCT- Carers support De City & Strabane D. C- Advice Services WHSCT - Daycare Dept. for Communities - Drivers Dept. for Communities - Senior managers WHSCT - Meals on wheels WHSCT - Little Amigos WHSCT- SRP Community fund Other restricted grants 15,574 114,920 99,233 44,770 34,411 12,511 28,987 15,574 114,920 99,233 44,770 34,411 12,511 28,987 15,041 123,570 47,924 36,506 13,616 28.560 12,579 68,439 3,820 69,805 5,820 ()9,805 5,820 426,031 426,031 445,895 Expendlture on fundraising activities Unrestricted funds 2024 Total 2023 Totsl Costs for: Social centre Community shop 117,906 36,969 117,906 36,969 70,429 82,316 154,875 154,875 152,745 Costs of charitable aetivltles - by fund Capital Unrestricted Restricted Restrlcted funds funds funds 2024 Total 2023 Totsl WHSCT Day Centrelmeals on wheels 23,180 Dept. for Communities - Drivers 7,195 Derry City CounciVAdvice NI - Advice Services 18,562 WHSCT- Carers support 4,413 Dept. for Communities-S¢nior manager 5,530 WHSCT - Little Amigos 4,557 Other 107,088 111,744 44,770 114,920 15,574 34,411 24,463 80,182 134,924 51,96.f 133,482 19,987 39,941 29,020 206,882 148,658 65,559 157,601 20,532 65,095 28,488 160,906 19.612 170,525 426,064 19,612 616,201 646,8J9 Pige 20
THE RESOURCE CENTRE DERRY (A eompany limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 Auditors, remuneratlon 2024 2023 Auditors, remuneration - audit of the financial statements 6,200 6,100 Auditors, rernuneration - other fees: Non audit services 2,368 3,186 Analysis of sllpportladministralion costs 2024 2023 Staff costs Rates, h¢at & light Repairs and maintenance Insurance Cleaning Motor and travelling costs Auditors, remuneration (Governance cost) Legal and professional f¢¢5 (Governance cost) General expenses Telephone Printing,postage,stationery & advertising Depreciation and impairment etc Bank clwges 39,092 5,500 4,459 2,967 51,654 3,934 25,018 3,939 1,586 10,193 6,100 34,669 1,398 2,645 4,155 33,134 1,978 6,200 6,941 1,528 3,692 4,272 31,493 2,067 108,211 180.403 Allocation of support costs to projects Daycarelsocial centre Welfare rights Community lld Carers support Drivers Manager Shop donations Other 34,937 111,468 11,217 2,503 7,194 5,530 13,173 15,189 52,695 33,223 9,694 4,172 13,293 10,126 24,480 32,720 108,211 180,403 Page 21
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 10. Net incoming resources for the year 2024 2023 Depreciation 31,493 3J,134 11. Employees Employment costs 2024 2023 Wages and salari¢s Employers national insurance Pension costs 518,365 31,368 12,275 515,532 34,953 11,621 562,008 562,106 No employe¢ received emoluments of more than £60,000 (2023 . None). Number of employees The average monthly numbers of employees during the year, calculated on the basis of 11 time equivalents, wa5 as follows: 2024 Number 2023 Number Project related wages Administrative wages 24 22 29 27 Employee status Full tin]e Part time 13 16 16 29 27 Trnstees expenses & remuneralion The trustees were not paid during the year for their services. The trustees were not paid or reimbursed for expenses during the year. 12. Key management personnel remuneration The key management personn¢l of the company are list¢d on page 2. Total remuneration for the year ended 31 March 2024 of k¢y management personnel was £151,003 (31 March 2023 . £156,412), Page 22
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 13. Pension Costs The company operates a defined contribution pension scheme in respect of its employees. Th¢ scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to 2024 2023 Pension charge 12.275 11,621 14. Taxation The Resource Centre Dery is a charitabl¢ company for tax purposes and is exempt from corporation tax on its charitable activities. Accordingly, there is no taxation charge in these accounts, Freehold land and bulldlngs Fixtures, fittings and equipment 15. Tangible fixed assets Plant and machlnery Motor vehicles Total Cost At l April 2023 Additions Disposals At 31 March 2024 892,161 23,274 178,421 80,564 1,174,420 1192,161 23.274 178,421 80,.564 1,174,420 Depreciation At l April 2023 Charge for the year 331,943 14,472 23,274 176,741 908 35,740 16,113 567,698 31,493 At 31 March 2024 346,415 23,274 177,649 51,853 599,191 Net book values At 31 March 2024 545,746 772 28,711 575,229 At 31 March 2023 560,218 1,680 44,824 606,722 Depreciable asscts included in land and buildings at 31 March 2024 was £880,161. 16. Stocks 2024 2023 Stocks 1,250 532 Page 23
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the fmancial statements for the year ended 31 March 2024 17. Debtora 2024 2023 Grant debtors Trade debtors Other d¢btors and prepayments 35,086 17,247 17,938 39,764 23,660 37,748 70,271 101,172 18. Cash and cash equivalents 2024 2023 Cash at bank and in hand 424.823 436,191 Cash and cash equival¢nts comprise cash at bank and in hand and rash on short term deposit. 19. Creditors: amounts falliDg due witbin one year 2024 2023 Trade creditors & accruals Taxes and social security creditors 42,339 5,705 87,944 4,147 48,044 92,091 20. Analysts of net assets between funds UnrtrICted funds Restricted Restricted income funds eapitsl funds Total funds Fund balances at 31 March 2024 &8 represented by: Tangible fixed assets Current assets Curr¢nt liabilities 102,310 492,464 (48,044) 472,919 575,229 496,344 (48.044) 3.880 546,730 3,880 472,919 1,023,529 Page 24
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 21. Unrestricted thnds 01 April 2023 Ineome Expenditure 31 March 2024 General Reserve 556,082 316,048 (325,400) 546,730 Purposes of unrestrietsd funds Unr¢stricted fimds are fimds that are utilized at the discretion of the trustees in furtherance of the objects of the charity. tncluded in unrestricted funds are donations, income from rent and managemmL social Centre and community shop income, investment income and sundry one off unrestrict¢d grants. Page 25
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 22. Restrieted funds 01 April 2023 Income Expenditure 31 Mareh 2024 WHSCT - Little Amigos Communities fimd WHSCT-Daycare DC&SDC WHSCT - Carers support Dept. for Communities WHSCT - Meals on wheels Other restricted grants 3,913 28,987 69,805 99,233 114,920 15.574 80,681 12,511 4,320 (29,020) (69,805) (99,233) (114,920) (15,574) (80,681) (12,511) (4,320) 3,880 3,913 426,031 (426,064) 3,880 Purposes of restricted funds The aim of the Little Amigos programme is to provide an aft¢r school playgroup. Income from the Communities fund, both operating income and capital, is provided for the the running of the Meals and Wheels Service. Income from Western Health and Social Care Trust helps provides a llY regulat¢d daycare facility at the centre. The qualified staff provide a range of services for those with dementia, physical and health issues. lThis servic¢ facilitates independent living and helps eas¢ pressure on carers. Income from Derry City & strabane District Council are utilised to provide the w¢lfare rights infornjation and tribunal advice service. Advice is provided on social security and housing benefits, employment rights and other issues as they arise such as refonns to the welfare rights system. The aim of the WHSCT Sitting Service fund is to facilitate the provision of a respite service at home for carers in the ommunity. Income from the Department for Communities funds salaries for a senior manager and three transport drivers who provide deliveries for all centre users including Meals on Wheels, Community Shop deliveries and day trips.The Department also provided a cost of living ¢risis grant during the year. The aim of th¢ meals on wheels program is to provide hot nutritional meals to those in need or give respite to those caring for loved ones who cannot travel to the Centr¢ at Carnhill. The servi¢e ensures a friendly fac¢ visits daily and helps r¢duce the isolation of the most vulnerable members of our society. Other sundry restricted funds are received by the Resource Centre to b¢ utilised for specific purposes as outlin¢d in th¢ Letters of Offer. Page 26
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the finaneial statements for the year ended 31 March 2024 23. Restrieted capital funds At 01 April Expenditure 2023 At 31 Mareh 2024 Sundry restricted fimds St Brigids Parish Hall renovation grant Resource Centre refurbisbm¢nt grant Communitie5 fund-. Electric vehicle 81,539 298,519 85,680 26,793 (3,624) (7,250) (2,040) (6,698) 77,915 291,269 83,640 20,095 492,531 (19,612) 472,919 Purposes of capital funds Sundry restrided funds represent income re¢eiv¢d from funders for purchase of specific fixed ass¢ts to facilitate the op¢rations of the day centre. The fiuld balances are reduced by the amount of depreciation Charged. Income received from the Department for Communities represents grant income for the renovation of St Brigids Parish Hall. The fund balance is reduced by the amount of depreciation charged. Income reccived from Northside Development Trust represents grant income for the renovation of the main RCD building at Carnhill. The fund balance is reduced by the amount of depreciation charged. Income received from Communities fund for purchase of an electric van. The fund balance is reduced by the amount of depreciation Charged. 24. Analysis of ebanges in net funds Opening balance Cash flows Closing balance Cash at bank and in hand 436,191 (11,368) 424,823 Net funds 436,191 (11,368) 424,823 25. Contingellt liabilities Capital grants could be repayable in certain circumstsns as laid out in the Lett¢r of Offer, Page 27
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2024 26. Related party transaetions Several trustee5 of The Resource Centre Derry are also directors of 4RS Recycling C.I.C. Net transactions with 4RS Recycling C.I.C during the year was £46,149 (2023 £47,258). At 31 March 2024 4RS Recycling C.l.C owed the Resource Centre Derry £5,131 (2023 - £9,482). Transactions with Shantallow Community Support Partnership, a partnership between The Resource Centre Derry and WHSCT during the year was £61,748 (2023 - £57,694). At the balance sheet date Shantallow Cornmunity Support Partn¢rship owed The Resource Centre £2,116 (2023 - £4,230). Trustees Marian Quinn. Josephine Doherty and Jackie Nixon ale also directors of St. Bridgets Community Bingo Limited. Transactions with St. Bridgets Community Bingo Limited during the year was £0 (2023 £0). At the balance sheet dat¢ £8,258 (2023 - £8,258) was owed to the Rcsource Ccntr¢. 27. Going concern The financial statements have been prepared on a going concern basis as the trust¢es believe that no material uncertainty exist. The trustees have considered the level of funds and the expected level of income and expenditure for twelv¢ months from authorising these financial statements. 28. Company limited by guarantee The company is limited by guarantee not having a share capital. Every member of the company undertakes to contribute to the assets / liabilities of the company in the event of the same being wound up while helshe is a member, or within one year after helshe ce&ses to be a member, for payments of the d¢bts and liabilities of the company contracted bcfore helshe ¢eeS to be a member, and of the cosls, charges alld expenses of winding up and for the adjustment of the rights of the contributories amongst themselves, such amount as maybe required not exceeding one pound. Page 28