Company Number: N1043863
Charity Number: N1104760
Destined Ltd
(A company limitsd by guarantee)
Aeeounts,
for the year ended 31 Ilqarch 2025

Destined Ltd
(A company limited by guarantee)
Contents
Page
Information
Dii'ectors Report
Ii)dependent Exaininels Report
Statement of FIn￿l¢La1 Activities
Ba.lance Slieet
Notes to the Accounts
9-16

Destined Ltd
(A company limited by guarantee)
Information
Company No:
N1043863
Charity No:
NTC104760
Secretary
Caolan Friel
Resigned 07 January 2026)
Directors
Kevin Burke
Clare Mcmonagle
Toiiy McGuiness
Maeve McLauglilin
Adele Darby
George Harkin
Thoinas McGlinchy
Deirdre McGuiiiess
Mark Baldrick
Michael Cole
Fiona Byrne
Robbie Hazelott
Anna Quigley
Resigned 07 January 2026)
(Appointed 13 January 2026)
(Resigned 15 May 2025)
(Resigned 15 May 2025)
(Appointsd 14 J￿]Uary 2026)
(Resigned 15 May 2025)
(Resigned 07 January 2026)
(Resigned 15 May 2025)
(Resigned 15 May 2025)
(Resigned 15 May 2025)
(Appointed 16 January 2026)
Accountants
McGro&rty Mccaffety & Coinpany Ltd
AccoUnt￿lt8 & Tax Consultants
2 Carlisle Terrace
Derry
BT48 6JX
Registered Office
The North West Learning Disability Centre
l Foyle Road
Derry
BT48 6SQ
Ballkers
Baiik of Ireland
27 Cuhnore Road
Derry
BT48 8JB
SoRAeitors
Mark Reid
2A Woodburn Park
Derry
BT47 5PS
Page I

Destined Ltd
(A company limited by guarantee)
Report to the Directors for the year ended 31 March 2025
The directors present tlieir report and the financial stateinellts for the year ended 31 March 2025. The directors of
Destined Ltd for the purposes of company law alld who served during the year ￿]d up to the date of this repoi* are
set out on page l.
Our Aims and Objectiv
Pur
oses aiid Aims
Tlie inain area of cliaritsble activity is to promote the benefit of the inhabitants of Northern Ireland and
surrouiidiiig area and to provide innovative, pragmatic, daytiine, evening time and drop in services for people
wil.li leariiing disabilities. The illission stateineiit is 'Empoweriiig People witli Learning Disabilities and
Pi'oinotiiig Social Inclusioii,.
It has two distinct strands of activity.
to give its meinbers tlie skills and self-confidence to play a fuller role in society.
- and to suppoit the conimunity to be pro-active in the process of social inclusion.
In support of tliese aims Destined consts'ucted a North West Learning Disabilily Centr¢ at its Foyle Road site. Tlie
centre provides tlie base for a Cowicil wide social inclusion programme that supports people with leariiiiig
disabilities to become iiivolved in every aspect of coinmuiiity life. The orgaiiisatioii has established an out-reacli
¢eiitre in Feeny? Couiity Derry to coinplemeiit the work of tlie new Gentre in rural areas.
The Focus of our Work
The organisation is based in tlie North West Learning Disability Centre and delivers programmes morning,
afteriioon and eveiiings througliout the week ￿]d has programmes runniiig al weekends, and also a similar one iii
Feeny tliat services the rural area, Destined Ltd operates a person Geiitred pl￿]ning process to inform the type aiid
coiiteiit of its programmes, but the group operatss on the siinple assumption that its members I￿ve tlie same riglits
as everyone else to participate in the GomAnunity and the only difference is that they may need a bit of extra
siipport to do so.
The progi'ainme of work for the organisation in the next fiiiancial year will include the full refurbishment of the
Foyle Valley Railway Museum, the refurbisl)Inent of the Tank-house on site that is the 1&8t remaiiiing piece of
iiifrasts'ucture of d)e Great Noitliern Railway.
Destined Ltd will continue to develop and deliver appropriate services to its members and will seek to offer
additional places to more people going forward.
Financial Review
Priiici
al Fundin
Sources
The key funders of the Destiiied programme include tlie National Lottery Dormant Accolllits, Rank Fouiidation,
Tudor Trust, BBC Children in Need, NI Housing Executive, Derry City & Strabane District Council as well as a
range of otliey small fuiiders.
Page 2

Stl'ucture, Governance and Management
Goveriiin
Docuinent
The organisation is a coinpwiy with charitable status. The entity was formed on 19th August 2002. The company
was establislied uiider Memorandum & Articles of Association which outlined the area of beiiefit and tlie objects
of the chai'itable organisation.
Recruitment and A
ointment of the Board of Directors
The directors of the compaiiy are also charity trustees for tlie purposes of charity law and uiider the oompany's
Articles are knowii &s inembers of tlie Board. Under die requireinents of the MemorandLim and AJti¢les of
Association, oiie third of the members of die Board must stsiid for re-election at tlie Aiiiiual General Meetiiig.
All iiienibers of Board give their tiTne voluntarily aiid receive no benefits from the charity.
Meinbers Induction ￿]d Trainin
Board inembers are already familiar with the work of DestAned Ltd. Board members are encouraged to participate
iii relevant activities. Traiiiing has been delivered by CENI to the members of the Board over the past years on
die roles and responsibililies of a Director. This followed governance traiiiiiig over the past few yvars that
resulted in Destined belug awarded the All-Ireland Aontas Award for innovation aud good practice.
Obli
ations of ihe Board
The main obligation of the Board are to develop and oversee the implementation of policy and to eiisure that
structures aiid manageinent coinplies with l¢gal requireineiits and good governance practice. The Board nieets
every second montli ajid reports oil past developmeiits and future p￿lS are presented.
Risk Maiia
ement
As parl of tlie rislc manageinent policy Destiiied Ltd Ii&s iiiitiated a fundraising sts?tegy that has seen tlie group
beiiig pro-active in attracting funds tliroughout the city. It recently launched a weekly lotto to iiicrease levels of
sustainability and has an active fundraising cominittee.
Responsfibllities of the Board of Dlrectors
Iii addition to tlie responsibilities outlined above the Board will prepare fAnancial statsments for each finaiicial
year wliich give a fair and true view of the state of affairs of the charitable company as at the balance slieet date
and of its incomiiig resources and application of resources, includllig income aiid expenditure for the financial
yeai.. lil preparing those f￿anCIal ststements, the Board should follow best practice and:
select suitable accounting policies and apply diem consisteiitly.
- observe the methods and principles in the Charities SORP 2019 (FRS102).
malce judgements ￿]d estllnates that are reasoithle ￿]d pi'udent. and prepare fjnancial statements oli tlie going
coiicei'Ai basis unless it is iiot appropiiate to assuine that the Comp￿lY will continue on that b&sis.
state whether applicable UK AccountÉng Standards liave been followed, subject to any nwterial dep￿tureS
disclosed and explaiiied ill the fu￿11¢la1 stateillents.
Page 3

- prepare the financial statements on tlie going concern basis unless it is inapproriate to assume tlie company will
coi)tinue in business..
The directoiE are responsible for maintalliiiig proper accoullting records which disclose with reasonable accuracy
at. ￿]Y time the financial position of the charity and enables them to ensure that the F￿￿]c1a1 statements cornply
with tlie comp￿lieS Act 2006. The directors are also responsible for safeguarding the assets of the cliarity aiid
lieiice for takiiig reasoiwbl¢ steps for the prevention and detection of fi'aud and other irregularities.
This report is prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to
sniall compaiiies and lli accordance with SORP 2019 (FRSI 02).
This report w
approved d authorised for issue b
e Board on 13 February 2026 alld signed oil its behalf by.
Director
Maeve McLaughlin
Thomas McGlinchey
Page 4

Destined Ltd
(A company limited by guarantee)
Independent Kxaminer's Report on the unaudited financial statements to the directors of
Destined Ltd
We repoit on the accounts of the charity for the year ended 31 March 2025.
Respectlve responsib91ities of charity committee members and examiner
As tlie charity's directors you are responslble for the prep￿atIOn of the accounts in accordaiice with the
requireinei)Is of the Companies Act 2006. Haviiig satisfied ourselves that the charity is iiot subject to audit
under company law. and is eligible for independent ewnirAatÉon, it is our respoiisibility to:
examine the accouiits under Section 65 of the Charities Act.
follow the procedures laid down in the general Directions given by the Commission under Section 65(9) (b)
of the Charities Act.
- state whether particular matters have coine to our attention.
Basis of Independent examiner's report
We have examined your charity accounts as required under Section 65 of the Charities Act aiid our
examiiiation was carried out in accordance with the gei)eral directions given by the Charity Commission for
Northern Ireland under Section 65 (9)(b) of the Charities Act.
The examinalioli included a revtew of the ￿cOul1t11]g records kept by the charity and a coinparison of the
accoLlllts presented with those records. It also iiicluded consideration of any unusual items or disclosures iii the
accounts, ￿]d seeking expI￿latIOn from you as clwity directors Goncerning any such matters.
Our role is to state whetlier any material matters have Coine to our attention giving us cause to believe:
l .Tliat accounting records were not Icept in accordance witli Sectioii 3 86 of the Companies Act 2006.
2.That the accounts do not accord with ihose accounting records.
3.Tliat the accouiits do i)ot comply with the accountiiig requireinents of section 396 of the Coinpanies Act 2006
aiid with the methods and principles of the Charities Statement of Recommended Practice applicable to
cliarities prepai'ing tlieir accouiits in accordance with the Finallcial Reporting Standard applicable in the UK
and Republic of Ireland.
4.That tliere is further infoi'ination needed for a proper understanding of the accounts to be reached.
Independent Examiner's StAtement
We cwi confirm we are qualified to uiidertake the examination ￿]d are regulatsd and a member of Chartered
Acoountaiits Ireland, wliich is oiie of the listed bodies.
We have completed our examinatioii and have no concerns in respect of the matters 1- 4 listed above and, in
coniiectlOLi Witli the following Directions of the Charity Commission Northern Ireland; we have found no
Inatters that I'equire drawiiig to your attex]tion.
McGroarty Mecafferty & Compan
Accountants & Tax Consultants
2 Carlisle Terrace
Derry
BT48 6JX
Date.. 13 February 2026
Limited
Page 5

Destined Ltd
(A eompany limited by guarantee)
Statement of Financial ActlVAties
for the year ended 31 March 2025
Unrestricted
Funds
Restricted
Funds
2025
2024
Income and Expenditure
Incoming Resources
Grants & Sundry Income
Total Incoming Resourees
152,294
238,208
390,502
415,589
152,294
238,208
390,502
415,589
Resources Expended
Cl1￿,1tab]e activities
134,042
279,551
413,593
416,399
Total Resources Expended
134,042
279,551
413,593
416,399
Net Incoming / (Outgolng) Resources 12.
18,252
(41,343)
(23,091)
(810)
Bal￿)CeS brouglit forward l April 2024
(10,386)
1,303,074
1,292,688
1,293,498
Balat)ces carried forward 31 March 2025
7,866
1,261,731
1,269,597
1,292,688
The above ￿￿OUntS relate to contiiiuing operations of the COAnpany.
The company has no recognised gaiiis and losses other than tliose included in the results above and therefore
no separate statement of total recognised gains and losses has been presented. There is no difference betweeii
the net incomiiig resources foi. the year stated above and tlieir historical cost equivalents.
Page 6

Destined Ltd
(A company limited by guarantee)
Balance sheet
as at 31 Ivlarch 2025
2025
2024
Notes
Fixed assets
TaAigÈble assets
1,452,088
1,448,120
Current assets
Debtors
Casli at bank wid iii hand
38,032
23
7,413
5,424
38,055
12,837
Current liabilities
Banlc loaiis and overdrafts
Otlier creditors
Accruals
54,909
54,515
10,581
27,385
21,287
15,896
120,005
64,568
Net current liabfillties
(81,950)
(51,731)
Total assets less eurrent
liabilities
1,370,138
1,396,389
Loiig-terrn liabilities
10
(100,541)
1,269,597
(103,701)
Net assets
1,292,688
Reserves (note 12)
Unrestricted
Resti'icted
7,866
1,261,731
(10,386)
1,303,074
1,269,597
1,292,688
Page 7

Destined Ltd
(A company limited by guarantee)
(continued)
In approving these fiiiancial statements as directors of the company we hereby confirnl:
Tlie company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small
comapiiies.
The meinbers have not required the company to obtain an audit in accordance with section 476 of the
Colnp￿IleS Act 2006.
Tlie directoys aclaiowledge their i'esponsibilities for coinplying with the requirements of the comp￿lIeS Act
2006 with respect to accounting ircoi'ds ￿]d preparatioii of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to
the small compaiiies regime in accordallce with Charities SORP (FRS102).
Tlie fiiiancial statements. were approved and authorised for issue by the Board on 13 February 2026 and signed
011 Lts belialf by:
Director
Maeve McLAughlin
Director
Thomas M¢Glinehey
Date . 13 February 2026
Date . 13 February 2026
Registration number: N1043863
Page 8

Destined Ltd
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2025
AccoUnti￿g policies
Tlie charity is a private liinited company by guarantee, registered in Nortlieni Ireknid and a registered
charity in Northern Irelaiid. The address of the registered office is The North West Learntng Disability
Centre, l Foyle Road, Derry, B T48 6SQ.
1.1. Accounting convention
The signific￿lt accounting policies applied in the preparation of these financial statemeiits are set out
below. Tliese policies have beell consist¢ntly applied to all years presented unless otlierwise stated.
The chaTity Constitutes a public beiiefit entity as defined by FRS102. The financial statemeiits Iiave
been prepared in accordance with Accounting and Reporting by ch￿'itics'. Stateineiit of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK ￿]d Republic of Ireland Charities SORP 2019 {FRS102) and the
Companies Act 2006.
The fiiialicial statemeiits are pi'epared oil a going concen] basis under the historical cost conveiition,
Inodified to included certain items at fair value. Tlie financial statsments are presented in sterliiig
wl)ich is the fuiictional currency of the charity.
1.2. Incoming resources
All incoining resoiirces are included iii the statement of fmancial activities when the charity is entitled to
tlie iiicoinc and the amowit can be quantified with re&sonable accuracy. The followiiig specific policies
are applied to particul￿. categories of income:
Voluntary iiicoine is received by way of grants, donations and gifts arAd is iiicluded iii full in the
statement of finaiicial activities when receivable. Grants where entillement is not conditioiial on the
delivery of a specific perforin&)ce by the charAty, are recognised when the charity becomes
unconditionally eiititled to tlie ￿allt.
Doiiated services and facilities are included at the value to the charity where this can be quantified. The
value of services provided by volunteers has not been included.
Gills donated for resale are included as incoming resources withiii activities for generating funds when
tliey are sold.
1.3. Resources expended
Expeiiditui'e is recognised on an accrual basis as a liability is incurred. Expenditure iiicludes ￿]Y VAT
whicli cannot be fully recovered, ￿]d is reported as part of the expenditure to which it relates.
Cliaritable expenditure comprises those costs iiicui'red by tlie charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and
those costs of an indirect nature iiecessary to support them.
Page 9

Destined Ltd
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2025
1.4. Tangllble fued assets And depreciy4tion
Tangible fixed assets are stated at cost less depreciation.
Depreciatioii is provided at rates calculated to write off Ihe cost or valuation less residual value of each
asset over its expected useful life, as foljows:
Land and buildings
Fixtiires & Fittings
Motor vehicles
20/0 Straiglit Line
150/0 Straiglit Line
15 % Straight Line
1.5. Debtors & creditors
Debtors ￿]d creditors with no stated interest rate wid r￿e1Vable or payable witliin one year are
i'ecorded at tr￿]sactIon price. Any losses arising from iinpairment are TeGo8nised in expenditure.
1.6. Cash at ballk and in hand
Casli and cash equivalents include cash at bank and in hand.
1.7. Going concer
The finaiicial stat'einents have been prepared on a going concern basis as the directors believe that no
Inai¢rial uncertainlies exist.. The directors have coiisidered tl)e level of funds held and the expected level
of income and expeiiditure for 12 months from authoi'isiiig these financial statemeiits. The budgeted
income and expenditure is sufficient with the level of reserves foi. the charity to be able to continue as a
going concern.
Page 10

D￿tilled Ltd
(A company limited by guarantee)
Notes to the aecounts
for the year ended 31 March 2025
Income
2025
2024
Restricted Income
Derry City & Strab￿le District Council
Causeway Coast & Glens Council
Cliildren in Need
The Screwfix Fouiidation
Dorinant Accouiits
Education Authority
Community Foundation NI
Halifax
NI Housing Executive
Tudor Trust
Irisli Youth Foundation
LFT
Triax
CDHN
Ilank Foundation
Otlier incoine
Clear Projeot
Fr￿ned to Perfection
2,900
980
15,000
4,864
15,000
3,000
54,120
2,981
36,639
5,000
31,942
40,000
3,772
4,620
45.780
2,882
2,000
36,074
33,500
407
5,000
9,600
41,424
2,331
5,740
34,590
53,916
4,000
238,208
259,854
Unrestrlcted Income
Ulster University
Locality and The Guardian
Fundraising & Doiiations
WI4SCT
Other incoine unirstt'LCted
3,500
10,000
48,731
74,322
19,182
24,668
56,829
70,797
152,294
155,735
Total Income
390,502
415.589
(i)
Restricted Funds
Funds received which are earmarked by the Funder for specific pury)oses. Such purposes are witliin the
overall aims of the Org￿liSatIOn.
(li)
Unrestrieted Funds
Funds which are expendable at tlie discretlon of the company in furtherance of the aims of the charity.
In additioii fwids may be held in order to finwice capital investment and workiiig capital.
Page 11

D￿tined Ltd
(A company limited by guarantee)
Not&g to the aecounts
for the year ended 31 March 2025
Resources Expended
Unrestricted
Funds
Restrictsd
Funds
Total
2025
Total
2024
Management & Admlnistration
Wages & Salaries
Peiision Costs
Big Lottery Fuiid - Coiinectiiig Older People
Progranime expeiises
29,111
Insurance
7,738
Light and Heat
34,165
Priiitingy Postage & Sl'ationery
234
Coinputer Equipment
3.771
Repairs & Mainten￿l¢e
11,967
Teleplione
3,260
Sundry expenses
4,180
Rates
7,185
Accou1]t￿}CY
Transport costs
Baiik charges
UCIT Loan interest
PL'ofits/losses on disp of tangibles
Depreciatioii
6,077
144,092
7,537
150,169
7,537
167,578
7,300
2,567
111,461
8,202
34,998
868
5,092
6,030
5,074
5,215
83,104
112,215
7,738
34,165
382
3,771
11,967
3,260
4,180
7,185
3,354
9,586
3,780
9,500
300
44,504
148
3,354
1,570
11,123
2,078
9,385
9,586
3,780
9,500
300
41,016
3,488
37,858
134,042
279,551
413,593
416,399
Net (outgoing)/ incoming resources for the year
2025
2024
Net (outsoiiig)l incoming resources is stated after cliarging:
Depreciation and other amounts written off tangible fixed assets
Accountancy fees
44,504
3,354
37,858
1,570
Page 12

Destined Ltd
(A company limited by guarantee)
Notes to the accounts
for the year ended 31 March 2025
Staff costs
Employment costs
2025
2024
Wages and salaries
Social security costs
138,184
11,985
154,588
12,990
150,169
167,578
No employee received einoluineiits of more than £60,000 (2024: None)
Number of employees
Tlie average inoiithly iiumbers of employees during the year, calculated on the basis of full time
equivalents, was as follows..
2025
Number
2024
Number
Average number of employees
TaxAaion
As a cliarity, Destined Ltd is exempt from tax Oll income and gains falling within section 505 of the
Taxes Act 1988 or s256 of tlie Taxatioii of Chargeable Gains Act 1992 to the extent that these are
applied to its chargeable objects. Accordiiigly, no tax cliarges Iiave arisen in the charity.
Page 13

Destined Ltd
(A company IRmited by guarantee)
Notes to the accounts
for the year ended 31 March 2025
Tangible assets
Land and
bulldlngs
freehold Equipment
Motor
vehieles
Total
Cost
At l April 2024
Additions
Disposals
At 31 March 2025
1,465,555
116,322
48,772
5,200 1,587,077
48,772
(5,200)
(5,200)
1,465,555
165,094
1,630,649
Deprecllation
At l April 2024
Depreciatioii error - 2018
Ch￿'ge for the year
81,058
52,999
4,900
(4,900)
138,957
(4,900)
44,504
29,311
15,193
At 31 Marcli 2025
110,369
68,192
178,561
Net book values
At 31 March 2025
1,355,186
96,902
1,452,088
At 31 March 2024
1,384,497
63,323
300 1,448,120
Debtors
2025
2024
Graiits i'eceivable
Other debtors
20,299
17,733
981
6,432
38,032
7,413
Credritors: amounts falling due
within one year
2025
2024
Taxes ￿]d soclal security creditor
Bank loans and overdraft
Deferred income & other creditors
Accruals
3,025
78,909
27,490
10,581
6,297
27,385
14,990
15,896
120,005
64,568
Page 14

Destined Ltd
(A company limited by guarantee)
Not&s to the accounts
for the year ended 31 March 2025
10.
Long-Éerm liabilities
2025
2024
Loaiis
100,541
103,701
11. Security
Destined Ltd is subject to the following charges;
Tlie Executive Office dated 9th Julie 2020 011 supplemental financial assis￿]ce based on the
charge of14th May 2019 that is not registered in the Land Registry against the company's land;
The Executive Office dated 14th May 2019 that is not registei'ed in Land Registry against the
coinpany's ]￿id.
Tlie Community Foundation for Northern Ireland datsd 16th May 2017 that is not registered in
L￿id Registry agaiiist tlie company's land.
12.
ovements in Funds
At
l Aprll Incomlng Outgoing
2024 resources resources
At
31 March
2025
Restricted funds:
Total reskn'icted funds
Unrestricted funds:
Total unrestricted fuiids
1,303,074 238,208 (279,551)
1,261,731
(10,386) 152,294 (134,042)
7,866
Total funds
1,292,688
390,502 (413,593)
1,269,597
Purposes of R&stricted Funds
Restricted gr￿lts awarded to the cliarity is provided to cover die core objects as explained
li) directors report.
13.
Related Party Transaetions
Destined Ltd is owed £6,432 from a comp&iy that has similar directors.
Durllig the fjiiancial year Destined Ltd rnade payments totslling £6,649 for programine costs to a
relative of a key maiiagement personnel.
14.
Limited by Guarantee
The company is limited by gUar￿ltee and does not have a share capital.
Page 15

Destilled Ltd
(A eompany limited by guarantee)
Not&8 to the aceollnts
for the year ended 31 March 2025
15. Post Balanee She¢t events
No significant events liave takeii place siiice the year eiid that would result in adjustsnents to 2025
fIn￿1claI infomiation or inclusioii of a note thereto.
Page 16