Charity number: NIC104471 Company number: N1023358 THE RESOURCE CENTRE DERRY (A company limited by guarantee) Trustees, report and financial statements for the year ended 31 March 2025
THE RESOURCE CENTRE DERRY (A eompany Ilmited by guarantee) Contents Page Legal and adminlstrative infonnation Trust¢es' annual report (incorporating th¢ stategic report) Independent AuditOTS' report 9-12 Statement of fancIal a¢tivili¢s 13 Statement of fllmncial position 14 Statement of cash flow8 15 Notes to the fmancial statements 16-28 Page I
THE RESOURCE CENTRE DERRY (A eompany limited by guarantee) Legal and administrative information HMRC Charlty number XR175222 Charity Number NIC104471 Company registralion nllmber N10233 58 Business address Racecourse Road Carnhill Derry B T48 8BA Racecourse Road Canthill D¢ry BT48 8BA Registered office Trustees I directors M Quinn (Chairperson) H Boyle (Secretary) P Cassidy (Treasurer) J Dohety R Walsh C Mccaughan K Mrcolgan Fr S O Donnell Key management personnel Registered care manager H Dohety Welfare rights manager J McKinney Finance manager L Watson Responsible person for DaycarelCEO P Mccarron Audltors McDaid Mccullough Moore 28132 Clarendon Street Derry BT48 7HD Bankers Allied Irish Bank Meadowbank Strand Road Derry B T48 7TN Solicitors Mark McFeely Brendan Kearney & Co 4 Clarendon Street Derry B T48 7EX Page 2
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Trustees, Annual Report (Incorporating The Strategie Report) for the year ended 31 Marcb 2025 The trustees (in their capacity as both trustees and directors) present their report and the fjnancial statements for the year ended 31 March 2025, The trustees who served durtng 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 Recognised Practice applicable to charities PTeparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued October 2019). The trustees appreciate the support provided by our funders and the dedication of our staff, in this difficult year. Structsrej governance and management Governing docunzenl The organisation is a charitable cotnpany 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 Nl Charities Commission in February 2016 (registration number NIC104471). Th¢ Trusls governing document is its Memorandum and Articles of Association dated 15 December 1989. Organisational structure The charitable company is managed by the truste¢s. Trustees are chosen based on their skills and professional backgrounds so as to ensure a wide range of experience is represented on the Board. The Board of Trustees (and various other sub committees ) meet monthly to review perforn]ance. deternline strategies, assess risk and plan policies. The trust is managed daily by personnel appointed by the Trustees including a chief executive, care manager, welfare rights manager, finance Manager and other senior employees. The senior employees report daily to the chief executive and the various managers ensuring the smooth operation of the Centre. The senior management are responsible for ensuring that the employees 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 development courses are provided for all staff. The Resource Centre is an equal opportunities employer committed to positive policies 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. Appointment and training of trz4Stees New trustees are nominated by current trustees and from nominations proposed by DeTry City & strabane 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 Resource Centre. Principal risky and uncertainties The management has conducted its own review of the major risks to which the company is exposed and systems have been established to mitigate those risks. The ttustees continually monitor their exposure to fmancial risk. Giv¢n 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 irnplemented by department manag¢rs and the flnance department. Page 3
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Trustees, Annual Report (Incorporating The Strategic Report) for the year ended 31 March 2025 The financial viability and sustainability of the Resource Centre is a major risk recognised. The trustees 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 Cafe - Brew And Banter, St Brigids Centre and private daycare. Business and financial risk is managed by ensuring appropriate staff. with the necessary experience, are in place and budgets and forecasts prepared and reported on monthly. The reporting network makes use of IT systems which includes Microsoft Excellword, Evide and Sage software packages which are continuously updated and maintained. Recruitment & retention of staff is a concern that has come to light in the current economic climate. RCD is working with funders and other stakeholders to ensure there is increased sustained investment in this ar¢a to ensure services provided ar¢ not diminish¢d. The Kesource Centres, principal fll)ancial assets includes cash, grant debtors and trade creditors. Associatsd risks include credit risk and liquidity risk. To minimize credit risk the trustees have implemented policies that require appropriate credit checks on potential customers before transactions take place. To minimize liquidity risk material purchases are carefully planned to ensure appropriate cash flows exist to meet operational costs. Internal risks are minimised by the implementation of controls and procedures for authorisation of all transactions. Pay Poli¢yfor Key Management Personnel The trustees consider the department managers 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 remuneration of senior stsff is set by the trustees and reviewed annually and is norn)ally based on p¢rforn]ance appraisal. The tnist¢es benchmark in setting salaries is based on the salaries of other key matvdgement personnel in similar comparable organisations. Volunteers The charitable company is grateful for the efforts of its 23 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 m¢eting its aims and objectives. Objectives aDd activities Charitable objects andpublic interest The principal objective of the charitable company is to operate a day centre for the benefit of the public. The charitable ompany was established to provide public benefit by undertaking voluntary work in education. social services and similar activities. The aims of the organi5ation aTe :. l. To provide an effective and efficient range of Servic that meet the needs of the patrons of the centre, particularly th elderly, people with disabilities, long tenn unemployed, those caught in the cost of living crisis and lone parents: 2. To provide employment and volunteering opportunities, which helps to regenerate the area economically and enhances s¢lf confidence: and 3. To act &$ both vehicle and stimulus for community enterprise, Phge 4
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Trustees, Annual Report (Incorporating The Strategic Report) for the year ended 31 March 2025 To achieve this objective The R¢50urce Centre Dery provides daycare facilities, counselling, advice and information services, educational ¢OUTses, training facilities, meals on wheels, a community shop and cafe togeth¢r with iransport services and a social centre for the conununity. The general public, male and femal¢, young and old have access to a wide range of facilities, advice and inforn]ation. Pvblic bellefit How our acfivities deliver pzlblic benefit Our main activities are set out below. All our charithble activities are undertaken to further our aims of providing public benefit. The Trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance in relation to the public benefit statement to ensure that its activities have h¢lped to achieve the purpose of the Resource Centr¢ and provide a benefit to the patrons. Day cen¢re and relaledfacilities The main objective of the charity is the provision of a social centre. RCD operates the centre with the support and nding from The Western Health and Social Care Trust. The patrons, including those with dementia and complex needs, are offered a safe and stimulating environm¢nt, social inclusion thereby improving mental health and a range of activities promoting independence 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 self-referral service so that members of the community can avail of Daycare without the requirement of a WHSCT referral. In addition, the Carers support service offers respite and additional support for family and relatives who work as full time carers. The Cenlre wntinuously provides a valuable social arnenity to the area and uses local volunteers in all asp¢cts of its daily business. Funding from the Departtnent for Communities ensures employment for three drivers, who transport the palrons to and from the Centre and for a care manager, who looks after their needs whilst at the Centre. The Cenlre management also provides transport for excursions and day trip5. The Community Cafe - Brew and Banler The community cafe was r¢rbished and renamed during the year. The objective of the community cafe is to make h¢alihy, sustainable food, affordable and accessible to everyon¢, reducing food poverty, whilst also promoting social interaction and community awareness. With the current cost of living crisis, the cafe relies on Fareshare/local busine55e5 for food donations ensuring costs are kept to a minimum. Advice services The centre, with fiu)ding from Derry City & strabane District Council, provides a free and confidential counselling and advice service on issues such as welfare benefits (PIP, ESA, state pension, attendance allowance, universal credit), housing, 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 financial 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 funding from National Lottery Conllnunity Fund, provides meals accross the locality, including increasing delivery area to incorporate the Waterside, ensuring that the most vulnerable within our society are provid¢d with the necessary nutritional support to protect them against food insecwity. Meals are clearly labelled with specific dietary requirements ensuring the well-being of the service users.Th¢ Meals on wheels drivers provide an important social contact and also monitor user's wellbeing, health and safety. To maintain the meals on wheels service funding from the National Lottery ensures employment for two drivers and a chef. Page 5
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Trustees, Annual Report (Incorporatiog The Strategic Report) for the year ended 31 March 2025 oiher services RCD operates a community shop where donated goods from the public are recycled and the shop acts as a Sla7 hub for the community. In the current challenging cost of living crisis additional services hav¢ been provided such as distribution of food parcels, 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 vari¢ty of gr()ups such as Gamblers Anonymous, Suresfart and Community Drama & Choir groups. Little 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 operaTrd in the area for 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 employment for the area and is a focal point of the community in Carnhill. In these difficult times, the Resource Centre Derry continues to provide an invaluable service to the local community. The trustees believe they are therefore meeting the public benefit test by increasing the accessibility of the centre to everyone in the locality from the young to the elderly and all patrons of the centre by provision of the facilities and services outlined. Acbievements and Performance 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 s¢rvices have returned to pre-covid levels and RCD continues to provide in-house and extemal services. Meals on wheels has expanded its geographical region and the daycare service has increas¢d to cover private referrals with the possibl¢ future expansion to cover evenings and weekends. Specific achievements during the year included provision of facilities for children using the Little Amigos after school programme and childrenlparents places provided via the various Surestart programmes. There were 59 different daycare patrons during the year, benefjtting from the RCD facilities.The meals on wheels service catered for 237 different users, delivering 21,314 hot meals to vulnerable persons. Meals on wheels delivery locations now extends as far as New Buildings & Eglinton. The Resource Centre also distributed food & meat vouchers & hampers and enabled 55 food bank referrals. The Welfar¢ Rights service had 2,125 clients and have recouped £1,041,963 for clients who have availed of their services. Financial review The Resource Cenlre, similar to other charitable organisations, are experiencing an increase in running costs and it is essential that we wntinuously monitor expenditure and operafr economically whilst maintaining an efficient and effective service and where possible reduce reliance on public ndIllg. Income for the year was £897,142 (2024 £742,079). Expenditure for the year was £889,161 (2024 £771,076) an increase of £1 18,085. A detailed analysis of income and expenditure is provided in notes 2 to 7 of the financial statements. The resulting surplus at 31 March was £7,981 (2024 - deficit £28,997). Net assets at the balance sheet date were £1,031,510 (2024 £1,023,529). The tnteeS are satisfied with the perforniance and results of the charitable company during the year. Annual funding for core services provided by the Resource Centre from Western Health & Social Care Trust, the Department for Communities, National Lottery - Community Fund and Derry 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) Trustees, Annual Report (Ineorporating The Strategic Report) for the year ended 31 March 2025 Reserves The Trustees have examined the charity's requirements for reserves taking into account the risks that the Trust has recognised. This policy ensures that the Resouce Centre could continue during periods of unforeseen difficulty and investments are easily acoessable. The reserve requirement is estimated to be at least six months of ¢xpenditure. Currently annual revenue expenditure of the Resource Centre is approximately £890,000 equating to monthly expenditure of approximately £74,167, Unrestricted reserves at 31 March 2025 were £538,417. Restricted reserves at the balance sheet dat¢ amount to £493.093 and have arisen principally as a result of the renovation of St.Brigids Parish Centre and the refurbishment of the RCD building. Investments and Anvestment policy The Memorandum and Articles of Association authorises the Trustees to make investments. Balance sheet investments represent low risk bank deposits. Principal funding sources: The princlpal ndIllg sources of the Centre during the year includes Western Health & Social Care Trust - funding for the operation of the Day Centre, Meals on Whe¢ls service, Carers Support Service and Little Amigos after school cr¢ch¢' - Derry City & Strabane District Council - Inforniation & advic¢ rVice. - Department for Communities - funding for transport worker wages & senior manager wages ' - National Lottery - Communities fijnd - funding to support the 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 performance of the charitable company during these difficult times. The future aims for The Resource Centre are,. - to sustain, improve and expand the activities above, including the further promotion of evening and weekend daycare. maintain the financial viability of the Centre. ensure the Resource Centre is acressible to everyone, promoting a sense of belonging and creating an inclusive CUlre. secure additional funding for new projects. to cfroperate with other bodies to develope programmes and provide additional facilities and services further expand and develope the RCD building that will increase our range and capacity of services provided for our patrons. Statement as to dlsclosure of informatlon to auditors We, the trustees of the charitable company, who held offic¢ at the date of approval of these fLnancial statements, ¢ach confirn], as far as we are aware, that .' there is no relevant audit inforn]ation of which the charitable companys auditors are unaware. and we have taken all the steps that we ought to have taken as trustees in order to make ourselves aware of any relevant audit information and to establish that th¢ charitable company's auditors ar¢ aware of that infonnation. Page 7
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Trustees, Annual Report (Incorporating The Strategic Report) for the year ended 31 March 2025 ststement of trustees, responsibilities The trustees (who are also directors of The Resource Centre Deny for the purposes of company law) are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare fjnancial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable a¢counting policies and then apply them consistently* observe the methods and principles in the Charities SORP 2019 (FRS 102). nk¢ judgements and estimates that are reasonable and pwd¢nt' state whether applicable UK accounting standards have be¢n followed subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The trustees are T¢sponsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of th¢ charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. Th¢y 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 irregularities. The trustees wish to express there sincere thanks to staff, funders and volunteers for their dedication, which has enabled the Resource 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 Mccullou) Moore be reappointed as auditors of the charity will be put to the Annual General Meeting. Small compally provisiolls 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 and authorised for issue by the Trustees on 9 July 2025 and signed below on its behalf. uiiin Truslee Page 8
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Independent auditors, report to the members of THE RESOURCE CENTRE DERRY We have audited the charitable Company fuwicial statements of THE RESOURCE CENTRE DERRY for the year ended 3 1 March 2025 which comprise the statement of financial activities, the charitable company statement of financial position, the statement of Cash flows and notes to the finanicial statements, including a summary of significant accounting polici¢s, The financial reporting framework that has been applied in their preparation 15 applicable law and United Kingdom Accounting standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: -give a true and fair view of the state of the charitable company's affairs as at 31 March 2025, and of its incoming resources and application of resources, including ils income and expenditure, for the year then ended,. -have been properly prepared in accordance with Unit¢d Kingdom Generally Accepted Accounting Practice. and -have been preparcd in accordance with th¢ requirements of th¢ 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 further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to ow audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng Concern In auditing the financial statements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned, we have not identified any material uncertainties relating to ¢vents or conditions that, 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 financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are descrlbed in the relevent StionS of this report. Other Information The trustees are responsible for the other inforniation. The other inforniation comprises the information included in the trustees, annual report, other than the financial statements and our auditor's report thereon, Our opinion on the financial statements does not cover the other inforniation and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infonnation and, in doing so, consider whether the other inforniation is materially inconsistent with the financial statements or our knowledg¢ obtained in the audit or othenvise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have perfomied, we conclude that th¢r¢ is a material misstatement of this other information, we are required to report that fact. Page 9
THE RESOURCE CENTRE DERRY (A eompany limited by guarantee) We have nothing to report in this regard. Oplllions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. -the inforniation 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 wbich we are required to report by exceptioll We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion.. -adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us. or -the financial statements are not in agreement with the a¢¢ounting records and returns. or -certain disclosures of trustees, remuneration specified by law are not made. or -we have not received aIl the infonnation and explanations we r¢quire for our audiL Responslbilities of trustees As ¢xplained more 1]Y in the trustees, resporAsibilAties statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees deterniine 15 necessary to enable th¢ preparation of financial statements that are free from material misststement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assSing the charitabl¢ company's ability to continu¢ as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate th¢ charitable company or to cease operations, or have no re8listAc alternative but to do so. Auditor's responsibilities for tbe audit of the financial statements Our objectives are to obtain reasonable assurance about whether th¢ financial statements as a whole are free from material misstatement, wh¢theT due to fraud or error, and to issue an auditor's 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 misstatement when it exists. Missfatements 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 tsken on the basis of these financial statements. Irregulariti¢s, including fraud, are instances of non-compliance with laws and regulations, We design procedur¢s in line with responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The risk of not detecting a material misstatement due t() fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate conrealment by, for example, forgery or intentional misr¢pre5entations, or through collusion. The extent to which our procedures are capable of detecting irregulariti¢s, including fraud, is d¢tail¢d below. However, the primary 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 Company 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 we considered the extent to which non - compliance might have a material effect on the 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 regulalions. Our risk approach was as follows'.- we ensured the audit partner and audit team had appropriate knowledge 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 management, laws and regulations applicable to the company> we concentrated on legislation we considered to have a dlrect impact on the company financial statem¢nts, 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 management and trustees 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 perfornied 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 have properly planned and perfonned our audit in accordance with auditing standards, For exarnple, the fijrther removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the finan¢ial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remains a higher risk of non-detection of irregularities as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls, We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. As part of an audit in accordance with ISAS (UK), we exercise professionaljudgement and maintain professional scepticism throughout the audit. We also: identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perforni audit procedures responsive to those risks, and obtain audit evidence that is suffjcient and appropriate to provide a basis for our opinion. The risk of not detecting 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 understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstance5, but not for the purpose of expressing an opinion of the effectiveness of the companys internal control. evaluate th¢ appropriateness of accounting policies used and the rSOnab1eness of accounting estimates and related disclosures made by the director5. Page 11
THE RESOURCE CENTRE DERRY (A company limited by guarantee) conclude on the appropi-iateness of the Trustees, use of the going concern basi5 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 charitable companys ability to continue as a going Concern. If we conclude that a material 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 th¢ date of our auditor's report. However, ture events or conditions may cause the charitable company to cease to continue as a going concern. evaluate the overall presentation, structure and content of the fmancial statements, including the disclosures, and whether the financial 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, &5 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 compaThs trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable CoMpanS trustees as a body> for our audit work, for this report, or for the opinions we have fonned. Gerard Murray (Senior Statuto Idllor) For and behalf of McDald Mccullougb Moore Chartered Accountants aDd Stalutory Auditor 28132 Clarendon Street Derry BT48 7HD 9 July 2025 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 2025 2025 2024 Notes Fixed assets Tangible fixed assets 15 653,885 575,229 Current assets Stock Debtors Bank and cash 16 17 1,561 40,970 391,994 1,250 70,271 424,823 434,525 496,344 Creditors: amounts falling due withln one year 19 (56,900) (48,044) Net current assets 377.625 448,300 Net assets 1,031,510 1,023,529 Fullds Unrestrlcted Restricted 21 22-23 538,417 493,093 546,730 476,799 Tolal charity fuDds 1,031,510 1,023,529 The financial statements have been prepared in accordance with the provisions applicable to Companies subject to the small companies, regime and in accordanoe with FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland The financial statements were approved and authorised by the board on 9 July 2025 and signed on its behalf by M Qulnn Trustee J Doherty Trustee The notes on pages 16 to 28 form an integral part of these financial statements. Page 14
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Statement of cash flows for the yeydr ended 31 March 2025 2025 2024 Notes Cash flows from operating activities Net incoming l (outgoing) resources for the year 7,981 (28,997) Adjuslmenlsfor.. Interest receivable Depreciation and impairnient etc. (7.321) 52,292 (7,413) 31,493 Changes in." Stocks Trade and other debtors Trade and other creditors (311) 29,301 8,856 (718) 30.901 (44,047) Cash generated from operatffiolls 90,798 (18,781) Interest received 7,321 7,413 Net eash from operating actlvltles 98,119 (11,368) Cash flows from investing aetlvltles Net purchas¢ of tangible fjxed assets 15 (130,948) Net increase in casb and casb equivalents (32,829) (11,368) Net increase in cash easb equlvalents Cash and cash equivalents at l Aprll 2024 {32,8?9) 424.823 (11,368) 436,191 18 Cash and cash equivalents at at 31 Marcb 2025 18 391.994 424,823 Page IS
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2025 Accounting Polficies l. l. Accounting conventlon and basis of preparation The charity constitutes a public benefit entity as defmed by FRS 102. The Resource Centre Derry is a private ompany limited by guarantee, registered in Northern Ireland. The address of the registered oifice is Racecourse Road, Carnhill, D¢rry B T48 8BA. The financial statements have been prepared vnder the historic cost convention and in compliance with and in acrdanCe with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities 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 sterling, which is the functional currency of the entity. Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainty exists. The trnstees have considered the level of ndS held and the expected level of incom¢ and expenditure for twelve months from authorising these financial statements. The principal factors underlying this judgement are - the continued support of principal fLmders' and - cuffent financial perforniance. Fund accountfing The funds of the charilable company consist of restricted ndS and unrestricted funds. General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of th¢ general objectives of the charity and have not been designat¢d for other purposes. Restricted funds are ndS 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. Capltal funds Capitsl fijnds are restricted ndS retained for the benefit of the charity as a capital fund. Page 16
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2025 1.4. lll¢ome Income is included in the slalement of financial activities when the charity is entitled to the income, any perforniance conditions attached to the income have b¢en met and the amount can be quantifLed 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 are recognised in the year in which they are r¢ceivable and treated as resticted ndS with depreciation on the relevent asset charged directly to the restricted fund in the statement of financial activities. Revenue grants are recognised as income when receivable. Income from fundraising trading activities is recognised when the services have been provided. Income from investments is recognised when receivabl¢. 1.5. Expendlture Expenditure is recognised on an a¢¢al5 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 cxpenditure to which it relates. Expenditure is split between restricted and ullrestricted expenditure. Unrestricted expenditure relate to the management and general administration of the charity and restricted expenditure is as set out in the letters of offer. Expenditure on fundraising trading activities are costs incurred in operating the social centre and community shop. R¢dundancylterniination 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 ¢xpenditure on the objects of the charity and include general management and administration costs and depreciation, Overhead support costs are apportioned on an income basis to projects. 1.6. Donated goods ond services The value of services provided free by volunteers and goods donated are not included in the financial statements. Volunteers provide services in all areas of the C¢ntre operations including delivering Meals on Wheels and Daycare. Page 17
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the fiDan¢iYdl statements for the year ended 31 March 2025 1.7. Tangible fixed assets and depreclation Tangible fixed assets with a life expectancy of greater than one year, are stated initially at cost and subsequently at cost less accumulated depreciation and impairment losses. Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows: Buildings Plant and ma¢hinery Fixtures, fittings and equipment Motor vehicles 20/0 - 200/0 Straight line 10 % straight line 250/0 Straight line 200/0 straight line Land is not depreciated. 1.8. Impairment of assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carying 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 realisable value on a first in first out basis. Net r¢alisable value is based on actual or estimated selling price less further costs expected to be incurred to completion and disposal. 1.10. Defined contributfion pension sehemes The p¢nsion costs charged in the financial statements represent contributions to a defined contribution scheme. The assets of the scheme are held separately from the charitable company. The amounts charged to th¢ Statement of Financial Activities represents contributions payable by the charity during the year. 1.1 l. Debtors and credltors receivablelpayable within one year Debtors & prepayments are rewgnised at the settl¢ment amount due after any trade discount. Creditors are recognised where the charity has a present obligation resulting from a past event that will result in a payment to a third party and the amount can be reliably ¢stimated. 1.12. Fillallelal instruments A financial asset or liability is r¢cognised only when the company becomes a party to the contractual provisions of the arrangement. 1.13. Judgemellts and key sources of uncertainty In applying company accounting policies, the Trustees are required to make judgements and estimates on an ongoing basis about the carrying value of company assets and liabilities. If revision is required, the revision is recognised in that period together with tUre periods if necessary. The depreciation charge in respect of tangible fixed ass¢ts is based on the estimated useful life of each group of assets. Revision of estimated useful life of each grouping will affect the estimates charged in the Statement of Financial Activities. Page 18
THE RESOURCE CENTRE DERRY (A Company limited by guarantee) Not to the financial statements for the year ended 31 March 2025 Donations Unrestrlcted fund$ 2025 Total 2024 Total Donations 3,218 3,218 3,900 3,218 3,218 3,900 Other fundraising actlvities Unrestrlcted funds 2025 Totsl 2024 Total Income from., Sur¢start Other Social centre Rent 69,497 122,463 173.356 7,555 69,497 122,463 173,356 7,555 61.748 131,903 101),673 10,411 372,871 372,871 304,735 Income from inve8tmeDts Unrestrlcted funds 2025 Total 2024 Total Bank interest r¢ceivable 7,321 7,321 7.413 7,321 7,321 7,413 Page 19
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the finaneial statements for the year ended 31 March 2025 Income from eharitable activities Restrieted funds CApllal funds 2025 Total 2024 Tolal WHSCT- Carers 5UPPOrt Derry City & Strabane D. C- Advice Services WHSCT - Daycare Dept. for Communities - Drivers Dept. for Communiti¢s - Senior managers WHSCT - Meals on wheels WHSCT- Little Amigos National Lottery - Community fund Other restricted grants 16,929 111,629 107,866 52,467 34,317 10,348 33,035 89,400 19.X6() 16.929 111,629 107.866 52.467 34,317 10,3411 33,035 126,220 20,921 15,574 114,920 99,233 44,770 34,411 12,511 28,9117 69,80.fj 5,820 .16,8?0 475.1160 37,872 513,732 426,031 Expendlture on lundrabiDg activltfies Unrestricted funds 2025 Total 2024 Tolal Costs for: Social centre Community shop 185,657 74,374 185,657 74,374 117,906 36,969 260,031 260,031 154,875 Costs of charitable aetivities - by fund Capltal Unrestricted Restricted Restricted funds funds funds 2025 Tolal 2024 Totsl WHSCT Day Centre/Meals on wheels 15.013 Dept. for Communities - Drivers 6.663 Dery City CounciVAdvice NI - Advice Services 14,176 WHSCT- Caiers support 2,150 Dept. for Communities-senior manager 4,358 WHSCT - Little Amigos National Lottery- Community fund Other 118.214 51,880 111,629 16,928 34.317 27,650 119.401 19,868 133,227 58,543 125,805 19,078 38.675 27,650 105,430 120,722 134,924 51,965 133.482 19,987 39,941 29,020 81,022 12.S,860 16,029 73,303 27,551 131,692 469,887 27,551 629,130 616,201 Page 20
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the finallcial statements for the year ended 31 March 2025 Alldltors, remuneration 2025 2024 Auditors, remuneration - audit of the financial statements 6,300 6.200 Auditors, remuneration - other f¢es". Non audit services 2,676 2.368 Anatysis of supp0rt1administi0ll costs 2025 2024 Staff costs Rates. h¢at & light Repairs and maintenance Insurance Motor and travelling costs Auditors, remuneration (Gov¢rnance cost) Legal and professional fees (Governance cost) General expenses Telephone Printing,postage,stationery & advertising Depreciation and impaimient etc Bank charges 9,401 5,400 13,099 3,000 598 6,300 2,476 2,745 4,464 4,197 52,292 1,999 39,092 5,500 4,459 2,967 6,200 6,941 1,528 3,692 4,272 31,493 2,067 105,971 108.211 Allocation of sUPPOrt costs to projeets Daycaielsocial centre Welfare rights Community fund Carers support Drivers Manager Shop donations Oth¢r 37.122 14,176 16,029 2,150 6,663 4,358 11,764 13,709 34,937 18,468 11,217 2,503 7,194 5,530 13,173 15,189 105,971 108,211 Page 21
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2025 10. Net incoming resources for the year 2025 2024 Depreciation 52,292 31,493 11. Employees Employment costs 2025 2024 Wages and salaries Employers national insuran¢e Pension costs 565,432 37,809 12,543 518,365 31,368 12,275 615.784 56?,008 No employee received emoluments of more than £60,000 (2024 . None). Number of employees The average monthly nurnbers of employees during th¢ year, calculated on the basis of 11 time equivalents, was as follows: 2025 Number 2024 Number Project related wages Administrative wages 24 24 29 29 Employee status Full tim¢ Part time 14 15 13 16 29 29 Trustees expenses & remuneration 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 nwiagem¢nt personnel of the company are list¢d on page 2. Total Temun¢ration for the year ended 31 March 2025 of key management personnel was £153,785 (31 Mawh 2024 , £151,003). Page 22
THE RESOURCE CENTRE DERRY (A compally limited by guarantee) Notes to the finaneial statements for the year ended 31 Mareb 2025 13. PeDSiOn costs The company operates a defined contribution pension scheme in respect of its employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to 21125 2024 Pension charge 12,543 12,275 14. Taxation The Resource Centre Derry is a charitable company for tax purposes and is exempt from corporation tax on its haritable activities. Accordingly, ther¢ is no taxation charge in thes¢ accounts. Freehold land and buildings Flxtures, rittings and equlpment 15. Tangible fueql assets Plthnt machinery Motor vehicles Total Cost At l April 2024 Additions Disposals At 31 March 2025 892,161 37,409 23,274 178,421 39,557 80,564 53,982 1,174,420 130,()48 929,570 23,274 217,978 134,$46 1,311.5,168 Depreciation At l April 2024 Charge for the year 346,415 19,06 23,274 177,649 10,616 51,853 22,608 599,191 52.292 At 31 March 2025 36.S,483 23,274 188,265 74,461 651,483 Net book values At 31 March 2025 564,087 29,713 653,885 At 31 March 2024 545,746 772 28,711 575,229 Depreciabl¢ assets included in land and buildings at 31 March 2025 was £917,570. 16. Stock8 2025 2024 Stocks 1,561 1,250 Page 23
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2025 17. Debtors 2025 2024 Grant debtors Trad¢ debtors Other debtors and prepayments 1,500 13,502 25,968 35,086 17,247 17,938 40,970 70,271 18. Casb and cash equivalents 2025 2024 Cash at bank and in hand 391,9()4 424,823 Cash and cash equivalents comprise cash at bank and in hand and cash on short term deposit. 19. Creditors: amounts falling due witbin one year 2025 2024 Trade creditors & accrua15 Taxes and social security creditors 53,269 3,631 42,339 5,705 56,900 48,044 20. Analysis of net assets between funds Unrestricted funds Restricted Restrlcted income funds capital funds Total funds Fund balances at 31 March 2025 as represented by: Tangible fixed assets Current assets CurTent liabilities 170,645 424,672 (56,900) 483,240 653,885 434,.525 (56,900) 9,853 538,417 9.853 483,240 1,031,510 Page 24
THE RESOURCE CENTRE DERRY (A Company limlted by guarantee) Notes to the financial statements for the year ended 31 March 2025 21. Unrestrleted funds 01 April 2U24 Income Expendfiture 31 Mmrcli 2025 General Reserve 546.730 383,410 (391,723) 538,417 Purposes of vnrn4tricted funds Unrestricted funds are funds that are utilize41 at thc discretion of the trustees in filltherance of the objects of the ¢harity. tncluded in unrestricted fi]nds are donations, income from rent and management, social centre and community shop income, investment income and sundry one off unrestricted grants. Page 25
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2025 22. Restricted illeome funds 01 April 2024 Ineome Expenditure 31 March 2025 WHSCT - Little Amigos National Lottery - Community fund WHSCT-Daycare DC&SDC WHSCT - Carers support Dept. for Communities WHSCT - Meals on wheels Other restricted grants 3,880 33,035 89.400 107,866 111,629 16,929 116.7114 10,348 19,869 (27,650) {89,400) (107,866) (111,629) (16,929) {86.IC)C)) (10.348) (19,869) 9,265 588 3,8110 475.860 (469,887) 9,853 Purposes of restrleted funds The aim ot the Little Amigos programme is to provide an after school playgroup. Income from the Community 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 regulated daycare facility at the ¢entre. The qualified staff provide a range of services for those with dementia, physical and health issues. This service facilitates independent living and helps ¢ase pressure on Carers. Income from Dery City & Straban¢ District Council are utilised to provide the welfare rights inforniation and tribunal advice service. Advice is provided on social security and housing benefits, employment rights and other issues as they arise such as reforms to the welfare rlghts system. The aim of the WHSCT Sitting Service fund is to facilitate the provision of a respite service at home for carers in the community. Income from the Departm¢nt for Communities ftds 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 crisis grant during the year. The aim of the meals on wheels program is to provide hot nutritional meals to those in need or giv¢ respite to those caring for loved ones who Cannot travel to the centre at Carnhill. The service ensures a friendly face visits daily and helps reduce the isolation of the most vulnerable members of our society. Other sundry restricted fvnds are received by the Resource Centre to be utilised for specific purposes as outlined in the Letters of Off¢r. Page 26
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2025 23. Restricted capltal funds At 01 April 2024 At 31 March 2025 Ineome Expenditure Sundry restricted fvnd5 St Brigids Parish Hall renovation grant Resource Centre refurbishment grant Cornmunities nd- Electric vehicles 77,915 291,269 83.640 20,095 7,290 (5,446) (7,250) (2,040) (12,815) 79,759 284,019 81,600 37,862 30.582 472,919 37,872 (27,551) 483,240 Purposes of capital funds Sundry restricted lld5 represent income received from fimders for purchase of specific fixed assets to facilitate the operations of the day centre. The fund balances are reduced by the amount of depreciation charged. Income received from the Department for Communities represents grant income for the r¢novation of St Brigid5 Parish Hall. The fund balance is reduced by the amount of depreciation charged. Income received from Northside Development Trust represents grant income for the renovation of the main RCD building at Canthill. The fund balance is reduced by the amount of depreciation charged. Income received from National Lottery - Community fund was for purchase of electric vehicles. The fund balance is reduced by th¢ amount of depreciation charged. 24. Analysis of changes in net funds Opening balance Cash flows Closlng balanee Cash at bank and in hand 424,823 (32,829) 391,994 Net funds 424,823 (32,829) 391.994 25. Contingent liabllitfies Capital grants could be repayable in certain circumstances as laid out in the Letter of Offer. Page 27
THE RESOURCE CENTRE DERRY (A company limited by guarantee) Notes to the financial statements for the year ended 31 March 2025 26. Related party transactions Several trustees of The Resouwe Centre tkry are also directors of 4RS Recycling C.l.C. Net transactions with 4RS Recycling C.l.C during the year was £49,020 (2024 £46,149). At 31 March 2025 4RS Recycling C.I.C owed the Resource Centre Derry £5,020 (2024 - £5,131), Transactions with Shantallow Community Support Partnership. a partnership between The Resource Centre Derry and WHSCT during the year was £69,497 {2024 - £61,784). At the balance sheet date Shantallow Community Support Partnership owed The Resource Centre £1,316 (2024 - £2,116). Trustees Marian Quinn, Josephine Doherty and Helena Boyle are also directors of St. Bridgets Community Bingo Limited. Transactions with St. Bridgets Community Bingo Limited during the year was £6,942 (2024 - £42). At the balance sheet date £0 (2024 - £8,258) was owed to the Resour¢e Centre. 27. Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainty exist. The trustees have ¢onsid¢r¢d the level of ndS and the expected level of income and expenditure for twelve 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 ihe event of the same being wound up while he/she is a member, or within one year after helshe ceases to be a member, for payments of the debts and liabilities of the company contracted before helshe ceases to be a member, and of the osts, charges and 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