Prosper Annual Report 2020

Annual Report 2020

To provide services and supports to
adults with an intellectual disability, that

respond to their needs and wishes,
while maximising each individual’s

potential to live their best life.

Prosper Group Annual Report 2020
Page ii

Prosper Group Annual Report 2020

Contents iv
vi
2020 Statistics viii
Chairman’s Statement xi
CEO’s Statement 1
Summary Accounts
2020 Accounts

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Prosper Group Annual Report 2020

2020 Statistics

310 189 499 Client ages

PROSPER FINGAL PROSPER MEATH TOTAL Prosper Fingal Clients: 310
SERVICE USERS SERVICE USERS 18 -29 years - Clients: 99
30-49 years - Clients: 172
50-64 years - Clients: 26
65 + years - Clients: 13

Prosper Meath Clients: 189
18 -29 years - Clients: 59
30-49 years - Clients: 87
50-64 years - Clients: 34
65 + years - Clients: 9

Service locations WTE Staff Posts

Service Locations Fingal: WTE Fingal Staff Posts: 125.8
WTE Meath Staff Posts: 64.9
Day Services - 10 Total Staff Posts: 190.7
Residential Services - 2
Respite Services - 2 Client comments,
compliments & complaints
Service Locations
Meath: Prosper Fingal
Comments: 63 Compliments: 518
Day Services - 10
Residential Services - 1 Complaints: 7

Total locations: Prosper Meath
Comments and Compliments: 343
Total Locations - 25
Complaints: 1

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Prosper Group Annual Report 2020

Residential Respite Beds No. of Service Users
receiving a Prosper
Prosper Fingal: 12 beds x 7 nights Day Service 2020
Prosper Meath: 0 beds

High Support (7 Beds per night X 7 nights)
Low Support (5 Beds per night X 7 nights)

The Prosper Fingal Residential Respite 25
provision over 2019 was as follows:
TOTAL
No. of Bednights No. of Clients LOCATIONS

Cherrygarth House 1369 76

Lambay House 1023 69

Total 2392 145 PROSPER FINGAL
Balbriggan
(actual total is 164 as 6 clients availed of both Cherrygarth & Lambay) Howth 26
Piercetown 15
Prosper Clinical Services Inputs to Portmarnock 19
Individual Clients (excluding Staff Training and Group Work) Donnycarney 40
Rush 25
Clinical Input No. of Clients No. of Clients Total Skerries 38
Supported Fingal Supported Meath Seatown Road Centre 1 33
Social Work 317 Seatown Road Centre 2 44
Speech & Language 219 98 290 North Street 21
Occupational Therapy 133 157 167 TOTAL 49
Psychology 48 119 77 310
Ophthalmology 46 31 52
Chiropody 51
Physiotherapy 1 0
0 0 8
8 0

Type of Residential Service Prosper Prosper Total PROSPER MEATH 14
Meath Fingal Ashbourne 26
Residential (community house) 11 Kells – Climber Hall 16
Supported Living 1 10 14 Kells – Farrell Street 24
Residential Low Support N/A 14 3 Navan – Beechmount 27
Total N/A 3 28 Navan – Canon Row 14
Navan – Kennedy Road 24
Navan – Leighsbrook 7
Navan - Watergate Street 19
Trim – Haggard Street 18
Trim – High Street 189
TOTAL

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Prosper Group Annual Report 2020

Chairman’s Statement

The onset of the global pandemic in 2020 impacted on Ireland and the normal
functioning of disability services such as Prosper. This required an immediate
and ongoing response from Prosper Social Care Services CLG and its subsidiary
companies, Prosper Fingal CLG, Prosper Meath CLG, and Prosper Fingal Housing
Association CLG. While responding to COVID-19 became the main priority, Prosper
nonetheless achieved many other operational and corporate milestones during 2020.

From a governance perspective, one of the main achievements of 2020 was the successful transition of Board
decision-making and strategic leadership to an online platform. The Board and Board Committees, namely Audit,
Nominations, Quality & Risk and Remuneration, adapted quickly to this new way of working. I want to particularly
thank them for their flexibility and most of all their willingness to lead the organisation through such an uncertain
time.
In 2020, we said goodbye to two valued Board Members who have imparted so much wisdom to the Board over
the years and I am sure they will remain friends of Prosper into the future. In tandem, we also welcomed two new
members to the Board. Their respective expertise and enthusiasm have been a wonderful addition already.
We continued to improve our corporate oversight guided by the recommendations arising from the HSE
Internal Audit process in July 2019. A particular emphasis was placed on procurement this year with significant
advancements made towards compliance with our public procurement obligations.
To adhere to the financial standards as an Approved Housing Body, we developed a sinking fund policy for
Prosper Fingal Housing Association, in addition to a number of other financial policies and procedures applied
across the whole Group.
The level of service provision across Prosper Group continues to grow year on year, with over 500 individuals
supported in 2020 across day, residential, respite and clinical services. As a Board, we are pleased that this service
provision was carried out within budget, particularly in light of the pandemic, and no issues of concern arose in
relation to compliance, safeguarding, complaints, claims, funding, HR challenges, Health and Safety etc. The
HIQA inspection reports we received were of a very high standard and testament to our Quality and Standards
department and our residential provision.
2020 was a significant year for the progression of Prosper’s Capital Works Programme. Two residential services
became operational at Ballustree Lodge in Rush and Milton Hall in Swords. These facilities were funded through
the Department of Housing, Local Government and Heritage’s Capital Assistance Scheme (CAS) which is
operated through Fingal County Council. We thank Fingal County Council for their continued support in our
endeavour to meet the residential needs of the people we support.
There are many other capital projects underway, including the development of the Obelisk Day Centre in Skerries,
and the planning for day centres in Lusk and Malahide. While the resourcing for capital projects is an ongoing

Page vi

Prosper Group Annual Report 2020

challenge, it is hoped that this issue can be addressed through Prosper’s involvement with the Immigrant Investor
Programme, overseen by the Department of Justice.
In this address, I must mention another particular highlight which was the official opening of the Watergate Street Day
Centre development in Navan. This was a proud moment for the Board as the day centre marks the first capital project
to be delivered in Meath since the Group was formed.
At the outset of 2020, Prosper had a serious challenge that needed to be addressed with regards to employee
recruitment and retention. Alongside the COVID-19 challenge, we worked hard to improve employee recruitment
and retention by moving staff from 2013 HSE Consolidated Salary Scales to 2018 HSE Consolidated Salary Scales by
year end, making Prosper one of the more competitive Section 39 organisations. While this was well-received by the
Prosper workforce and improved recruitment drives, we continue to look for pay parity i.e. ‘like pay for like work’ with
Section 38 and HSE organisations.
Challenges also continue in relation to our ageing client and carer populations and the imminent retirement of key
personnel. The Remuneration Committee has played a key role in ensuring that Prosper has a clear succession plan
in place for senior managers over the coming years.
As my term of office as Chairman of the Board of Management comes to an end in 2021, I would like to take this
opportunity to thank the members of the Board Committees for keeping the Board informed on critical areas of risk,
compliance and forward planning, and my fellow Board members for their attendance and contributions during
2020. This commitment is provided by them on a wholly voluntary basis. Thanks are also due to the management
team for the support they provided to the Board and a special word of thanks is due to the frontline staff across
the organisation, for the flexibility and resilience they have shown in the face of the many difficulties created by the
pandemic.
On behalf of the Board of Management, I would like to thank the HSE CHO8 and CHO9 for their financial support
and acknowledge the co-operation and assistance the company has received from government departments and
agencies, from local authority and community groups during 2020.
We hope that 2021 will be a better year and the prospect of a vaccination programme will bring about the return to
normal service delivery.

Dr. Mary Murphy
Chairman
Prosper Group

Page vii

Prosper Group Annual Report 2020

CEO’s Statement

2020 was a year like no other with the onset of COVID-19 in March. This demanded an
immediate and continued response from our organisation. It was a time of immense
fear and confusion. Prosper had to ensure we developed and implemented measures
to respond to the significant risks associated with this virus. I believe the efforts from all
departments in Prosper were exceptional from the development of infection prevention
and control guidance in line with Public Health advice to the continued application of
these measures across services. Our staff also showed a high degree of responsiveness
to changing roles and work practices, enabling our services to adapt to the new reality.

Prosper also played its part in the regional COVID-19 response in liaison with the HSE. We set up four emergency
short-term residential facilities during the first wave of COVID-19.
The COVID-19 crisis forced Prosper to support people in a new way. Both service users and staff alike showed
excellent adaptability by continuing certain levels of service provision online and remotely. This was a huge
learning for our organisation and while we were hampered by the pandemic, it has shown us how we can provide
services in a different way, both online and in community settings rather than in the established day service
settings.
While Prosper has been very responsive to the COVID-19 pandemic to date, we recognise that many more
challenges will present in the near future including the vaccination of service users and staff, moving towards the
full resumption of services in a changed society, and supporting service users, carers and staff to cope with the
increased degree of isolation, frustration and fear. Prosper is committed to continuing to support service users and
families in what we hope will be a brighter time ahead.
In January 2020, Prosper set out a plan of works for the year ahead, as directed by our 5-Year Development
Plan. However, what no one could predict was the all-encompassing impact of the pandemic that was to hit
Irish society later that Spring. Despite COVID-19, Prosper made significant advancements in strengthening our
financial policies, progressing compliance with public procurement obligations and advancing governance
and compliance, service provision, and capital projects. Prosper worked with its Board of Directors and its Board
Committees to deliver on these strategic priorities in a new format through videoconferencing and there is strong
evidence to show that we advanced our oversight of the company due to these new challenges.
The HIQA inspection reports we received were of a very high standard and testament to our Quality and Standards
department and our residential provision. Overall, it was a positive year for governance, even though we had to
work in a very different way and meet online. We also registered as a lobbying agency and worked on our GDPR
understanding.

Page viii

Prosper Group Annual Report 2020

The most important measures of the year are the quantum and quality of services provided. Prosper Group provided
day service supports to 499 individuals in 2020. In tandem, we also maintained our residential and respite services
throughout the pandemic and provided 24/7 care in their reconfigured model. Despite the challenges that COVID-19
presented, Prosper Group provided residential respite to 145 individuals (equating to a total of 2392 bed nights),
residential supports to 28 individuals, and clinical provision provided by Prosper staff to 459 individuals, including
occupational therapy, speech and language therapy, psychology and social work.
We also used 2020 to launch a client database system, iplanit. This essential corporate and operational tool will make
Prosper more informed, efficient and accountable by progressing our understanding and application of ‘individualised
service provision’. Providing these services without having the evidence base for same is not adequate and this
is where Prosper ensured that we put further emphasis on the client database. It applies to all divisions within the
organisation including day, respite, residential and clinical. It will be a common IT platform that all frontline and clinical
employees use. Iplanit has been well received by staff in all departments to date.
A significant feature of 2020 was the extensive level of engagement with the HSE on Public Health advice, service
reporting and governance. COVID-19 demanded high-level collaboration between the HSE, Section 38 and Section
39 agencies to implement a unified response to the crisis, including providing sub-acute COVID-19 isolation sites,
planning referral pathways, sourcing and monitoring PPE resources and providing ongoing guidance in response to
changing public health advice.
Our sector was classified by government as providing essential services and, in this regard we advanced our
extensive capital programme. Building works were significantly advanced at Beechmount (Navan), the Obelisk
(Skerries) and works commenced at Emmet Street (Trim). Combined with this, we concluded two Department
of Housing, Local Government and Heritage ‘Capital Assistance Scheme’ (CAS) funded projects. These were a
supported living apartment in Swords at Milton Hall and we officially opened the exceptional Ballustree Lodge
Residential House in Rush (replacement for the rented Knock Cross). We also placed significant emphasis on future
projects including Lusk Credit Union and the proposed day centre development at the Hill, Malahide. I hasten to say
that this investment is not about building an estate, it is about building secure and bespoke options that serve people
with disabilities to engage with their communities now and for generations ahead.
2020 was also marked by the online official opening of Prosper Meath’s first owned day centre facility on Watergate
Street, Navan. Situated in the heart of the town, this state-of-the-art facility represents Prosper’s commitment to
implementing HSE New Direction Policy by supporting service users to be active citizens in the town in which they live.
This event was made all the more special by the announcement of a €170,000 IT grant from our wonderful partners
in Facebook Clonee Data Centre to facilitate a technology upgrade to Prosper Meath’s 10 centres across the county.
Facebook recognises the critical role that communication plays in the provision of services to people with disabilities
and in particular individuals with intellectual disabilities. They value the richness that rests within each community, and
we are the beneficiary of this. We thank them for their support.

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Prosper Group Annual Report 2020

Another opportunity was an introduction to the Immigrant Investor Programme (IIP), a scheme overseen by the
Department of Justice. This opportunity will help to fast track progress on the development of secure, long-term
facilities for the individuals we support.
Our primary corporate risk going into 2020 was the recruitment and retention of staff. As a Section 39 agency,
we were still paying our workforce at 2013 salary scales, whereas the competitors, be it Section 38 or HSE, were
paid on 2020 salary scales. The first step in resolving this issue was initiated by the WRC’s announcement of pay
restoration for Section 39 agencies. This long-awaited pay restoration allowed Prosper to move up to 2018 HSE
Consolidated Salary Scales. However, it still falls short of pay parity with the public sector and Section 38 agencies,
with the gap continuing to widen year on year.
I am pleased to have worked with the Board’s Remuneration Committee and the full Board in progressing this
matter through the introduction of 2018 Consolidated Salary Scales in November 2020 for all staff. This decision,
secured through strategic measures made with our resourcing, combined with additional money secured through
the HSE, has brought Prosper to the very top of Section 39 funding, albeit still behind Section 38 and HSE. The
impact of this proactive decision has been helpful for the recruitment / retention challenge. Our current staff really
valued and were surprised that the organisation would take the lead and make this happen.
A number of exciting developments were executed by our HR department including the roll out of an employee
time and attendance system, supporting remote working for staff, continuing to develop a process for manager
and frontline staff performance review, and implementing public health advice on COVID-19 staff related issues.
I would like to acknowledge the Board of Management and its Committees for the strong guidance and direction
provided in 2020.
To our service users and their families who have stayed so strong throughout this difficult year, I thank you for your
support and especially for your willingness to adapt and be flexible in light of so much change and uncertainty.
In one way, Prosper has been so fortunate in that we experienced no loss of life or serious illness due to COVID-19.
Nonetheless, we acknowledge that 2020 was a year of loss for many in our society and we remember those who
are no longer with us.
We thank the HSE, Government Agencies, Fingal County Council, Meath County Council, the National Federation
of Voluntary Service Providers, other service providers and the wider community for their guidance and support
over the year.
This Annual Report presents Prosper’s service provision across Fingal and Meath.

Pat Reen
Chief Executive Officer

Page x

Prosper Group Annual Report 2020
Page xi

Prosper Group Annual Report 2020

Vision Statement

To support each individual
to live the life they choose,
in the same way and same
places as everybody else.

Page xii

Prosper Group Annual Report 2020

Summary Accounts

Prosper Social Care Services CLG

INCOME 2018 Prosper Social Prosper Fingal Prosper Meath Prosper Fingal

Care Services Housing

HSE Consolidated Association

12,766,134 8,948,138 3,817,996 -

Department of Education 108,195 - 108,195 -

Rental Income 100,381 - - 100,381

Residential respite - 8,770 8,770 - -
voluntary contributions

Sundry Donations 40,897 25,302 15,595 -

Other 228,701 115,021 88,034 25,646

Total 13,253,078 9,097,231 4,029,820 126,027



% Breakdown 100% 68% 31% 1%

Page xiii

Company Number: 558553

Prosper Social Care Services CLG
t/a Prosper Group

Annual Report and Consolidated Financial Statements
for the financial year ended 31 December 2020

Prosper Social Care Services CLG Page
3
CONTENTS
4-8
Directors and Other Information 9
Directors' Report
Directors' Responsibilities Statement 10 - 11
Independent Auditor's Report 12
Appendix to the Independent Auditor's Report 13
Consolidated Income and Expenditure Account 14
Consolidated Balance Sheet 15
Company Balance Sheet 16
Consolidated Reconciliation of Members' Funds 17
Consolidated Cash Flow Statement
Notes to the Financial Statements 18 - 26
Supplementary Information on Income and Expenditure Account 28 – 29

2

Prosper Social Care Services CLG

DIRECTORS AND OTHER INFORMATION

Directors Suzanne Burke (Appointed 31 March 2020)
Paula Carey
John Cooney
James Corcoran (Appointed 31 March 2020)
Mary Dowling
Noel Hickey
Dr. Mary Murphy
Kitty O'Connor (Resigned 31 March 2020)
Seamus Smyth (Resigned 31 March 2020)
Mary Walsh

Company Secretary Mary Dowling

Company Number 558553

Registered Office Strand Street
Skerries
Co. Dublin

Business Address Strand Street,
Skerries,
Co. Dublin.

Auditors OMAC Management Services Limited t/a W.O.McGrory
& Company
Certified Public Accountants and Statutory Audit Firm
Unit 1, Ardmell Centre
Upper Mell
Drogheda
Co. Louth
A92 FK2A

Bankers AIB Bank
Harry Reynolds Road
Balbriggan
Co. Dublin
Ireland
Ulster Bank
Dublin Airport
Swords Road
Cloghran
Co. Dublin
Ireland

3

Prosper Social Care Services CLG

DIRECTORS' REPORT

for the financial year ended 31 December 2020
The directors present their report and the audited financial statements for the financial year ended 31 December 2020.
Principal Activity and Review of the Business
The principal activity of the group is the delivery of services and supports to individuals with an intellectual disability.
This includes the provision of day, respite, residential (including housing) and clinical supports. The main source of
income to the Group comes through the HSE – reference HSE CHO 8 County Meath and HSE CHO 9 for Fingal.
GROUP STRUCTURE
Prosper Social Care Services CLG.
Prosper Social Care Services CLG, a company limited by guarantee without a share capital, was founded in March
2015 and is a non-trading holding company with the business name Prosper Group. Prosper Group comprises two
service provider companies (Prosper Fingal CLG and Prosper Meath CLG) and a housing association (Prosper Fingal
Housing Association CLG).
Registered Office: Strand Street, Skerries, Co. Dublin.
Company Registration No.: 558553.
Prosper Fingal
Prosper Fingal, formerly Fingal Workshop Limited, was established in 1978 by parents and friends of people with
disabilities, namely the Fingal Association for the Handicapped. That Association, with its objective of establishing a
Day Service for local adults with an intellectual disability, drew knowledge and support from all parts of North Dublin.
The result was the formation of Fingal Workshop Limited which changed its name to Prosper Fingal Limited in January
2000. The company is a registered charity.
Prosper Fingal CLG, trading as Prosper Fingal, is a company limited by guarantee not having a share capital
Registered Office: Strand Street, Skerries, Co. Dublin.
Company Registration No.: 65998.
Registered Charity (CHY) No.: 11458.
Charities Regulator No.: 20031466.
Prosper Meath
Prosper Meath, formerly MIDWAY (Meath Intellectual Disability Work Advocacy You Ltd), became part of the Prosper
Group in 2016. The Prosper Meath organisation that we know today was founded as Meath Sheltered Workshop
Limited when it was established by a parents and friends’ body in 1982. In keeping with the sector at that time, they
established a sheltered workshop that provided work-like activities in packing and assembly from a location at
Beechmount Industrial Estate in Navan.
Prosper Meath CLG, trading as Prosper Meath, is a company limited by guarantee not having a share capital
Registered Office: Strand Street, Skerries, Co. Dublin.
Company Registration No.: 185627.
Registered Charity (CHY) No.: 10243.
Charities Regulator No.: 20025960.
Prosper Fingal Housing Association
Prosper Fingal Housing Association CLG, trading as Prosper Fingal Housing Association, is a company limited by
guarantee not having a share capital.
Registered Office: Strand Street, Skerries, Co. Dublin.
Company Registration No.: 447579.
Registered Charity (CHY) No.: 17998.
Charities Regulator No.: 20068158.

4

Prosper Social Care Services CLG

DIRECTORS' REPORT

for the financial year ended 31 December 2020

ACHIEVEMENTS AND PERFORMANCE
The achievements of 2020 are as follows:

COVID-19
In March 2020, we witnessed the onset of the COVID-19 global pandemic into the country. As a result, it brought fear,
uncertainty and concern as to how Prosper’s services would continue or cease at that time. In response, Prosper put
in place a COVID-19 Committee to manage this uncertainty and maintain services to the greatest extent possible,
within the continually evolving public health advice. A critical factor in this regard is that people with disabilities were
considered at high risk and particularly so within the centre and group model that we provided for pre-COVID-19. The
following sets out the key achievements / performance indicators within this context:

• Developing and maintaining a COVID-19 Committee that reviewed Public Health advice within the context of
delivering services to people with disabilities.

• Implementing infection prevention and control guidance in line with Public Health advice.
• Liaising with the HSE to prepare isolation hubs as part of a regional COVID-19 response.
• Developing four emergency short-term residential facilities.
• Procuring Personal Protective Equipment (PPE) and developing emergency stocks accordingly.
• Facilitating remote working and moving meetings and governance to online platforms.
• Building new systems of online communication and working, both internally and externally, with our key

stakeholders.
• Utilising our IT platforms to inform clients, carers and families on COVID-19 related information including

infection prevention and control.
• Building a new reporting framework as set out in a COVID-19 Response Dashboard.

Service Provision
• Delivering individualised services to 499 individuals, 310 in Fingal and 189 in Meath. In Fingal, Prosper
provides Day, Residential, Residential Respite, and Clinical Services and in Meath, Day Services, Clinical
Provision and one Residential placement.
• Advancing services in accordance with national disability policy, particularly in the area of Personal Planning
and active citizenship (within the confines of COVID-19) for people with disabilities.
• Delivering our day services and supports in response to COVID-19 in line with Public Health advice.
• Delivering our respite provision in accordance with residential regulations throughout COVID-19 and in line with
Public Health advice.
• Delivering our residential provision in accordance with residential regulations throughout COVID-19 and in line
with Public Health advice.
• Delivering clinical supports throughout COVID-19 in line with public health advice.
• Welcoming 15 new clients and families to the organisation across both counties.
• Managing complex operational challenges due to COVID-19 in a proactive and consultative manner.
• Implementation of iplanit, a client database system across the organisation.
• Formal commencement of two residential services in Milton Hall (Swords) and Ballustree Lodge (Rush).

Governance
• Implementing the Prosper Group 5 Year Development Plan 2019 – 2023.
• Signing off an Annual Work Plan 2020 at Board level.
• Carrying out a schedule of Board and Board Committee meetings, and conducting all meetings online with the
exception of one which was held in-person before the onset of the COVID-19 pandemic.
• Maintaining the Corporate Risk Register on an active basis.
• Maintaining a Code of Conduct for Board members.
• Reviewing and Implementing Prosper’s Corporate Governance Manual.
• Responding to the HSE Internal Audit Findings – July 2019.
• Advancing the development and review of company policies.
• Meeting the requirements of our different regulators.
• Monitoring the performance of the CEO.

Finance & Assets
• Operating services within the allocated budget in Prosper Fingal and Prosper Meath.
• Developing and implementing additional finance policies and procedures.
• Drawing down bank loans to advance our programme of capital works.
• Receiving funds from the Department of Justice Immigrant Investor Programme (IIP) under the ‘Endowment’
Category.
• Securing Department of Housing Planning and Local Government Capital Assistance Scheme (CAS) grants.
• Building completion and official opening of the Watergate Street Day Service development in Navan.
• Building works continued on the Obelisk (Skerries), Beechmount (Navan) and Emmet Street (Trim) as our
organisation was categorised as an essential service provider during the pandemic.
5

Prosper Social Care Services CLG

DIRECTORS' REPORT

for the financial year ended 31 December 2020
• Receiving additional HSE funding assistance to carry out essential repair works in Beechmount, Navan.
• Announcement of a significant IT grant from Facebook Clonee Data Centre to facilitate a technology upgrade
to Prosper Meath’s service locations.

Communication
• Actively engaging with families through written and online communication during the COVID-19 pandemic.
Communications kept families informed as guidance changed, services re-opened and as queries arose.
• Building better communication through IT capacity in:-
o the continuous updating of the Prosper Meath website and Prosper Fingal website.
o the continuous updating of the Prosper Meath intranet site and Prosper Fingal intranet site.
• Continuous review and improvement of Prosper Fingal and Prosper Meath’s Facebook and website presence.

HR
• Managing staff relations in a positive way with no industrial relations difficulties presenting. This is an excellent
achievement within the context of the pandemic.
• Improvement of terms and conditions for all staff across the organisation as part of a HR strategy on recruitment
and retention, i.e. moving staff to the 2018 Department of Health Consolidated Salary Scales.
• Recruiting specialist staff for a fixed purpose reason, i.e. procurement, TMS, capital projects, etc.
• Implementing a new Time and Attendance System (TMS) across Prosper Fingal and Prosper Meath.
• Providing for significant levels of investment in staff training.

Community Engagement
• Building upon our partnership relationship with Facebook in County Meath.
• Advancing the ‘Making a Difference’ Post Primary Schools Project in Fingal and Meath.
• Taking part in the Ability Programme 2019 – 2021, a project designed to promote employment with Fingal
LEADER Partnership, EVE, Prosper Fingal and Fingal Dublin Chamber of Commerce.

FINANCIAL REVIEW
In 2020 the Group operated within its allocated budget, with a modest surplus, as set out in the Financial Statements.
This outcome is very positive as it reflects the ongoing monitoring and management of the resources made available
to our HSE–funded provider companies, Prosper Fingal and Prosper Meath. The Board and its Audit Committee should
be acknowledged for their stewardship on finances with the expertise of the executive finance staff. Notwithstanding
this outcome, there are risks and uncertainties as follows:

• The issue of pay parity with Section 38 agencies and the HSE and its impact on Terms and Conditions of
Employment of Prosper Group company employees. This in turn impacts directly on recruitment and retention
of staff.

• The rising costs of insurance, particularly Employer’s Liability.
• The risks and costs associated with short term leasing of properties in the absence of State capital funding.
• The cost of borrowings to execute our programme of work for capital projects in the absence of HSE Capital

Grants for new service developments since 2008.
• The increasing governance and compliance obligations and its draw on resources.
• The complexity of new clients presenting and changing needs of our existing cohort of service users in both

provider companies.
• The requirements of managing and maintaining our expanding estate.
• The growing competition within the sector, particularly from the ‘for-profit’ providers who have a degree of

advantage due to their private investors.
• The upcoming retirements from Senior Management in critical functions.
• The potential impact of state borrowings due to COVID-19.

Principal Risks and Uncertainties
The company's operations may expose it to financial risk which includes liquidity risk. In order to minimise this risk the
company will maintain sufficient funds to meet obligations as they fall due.
Financial Results
The surplus for the financial year after providing for depreciation amounted to €550,343 (2019 - €103,551).

6

Prosper Social Care Services CLG

DIRECTORS' REPORT

for the financial year ended 31 December 2020

GOVERNANCE AND MANAGEMENT
The members of the Board of Directors serve on a voluntary basis and encompass a wide range of skills, expertise,
backgrounds and experience to ensure effective leadership, direction and control of the Group. The Board of Directors
is committed to maintaining a high standard of corporate governance in accordance with its obligations. Directors are
appointed by the Board as vacancies arise. A Code of Conduct outlines the responsibilities of each Director to the
Group and includes procedures for dealing with any potential conflict of interest between their responsibilities as
Directors and their outside interests. Executive Management attends Board meetings and makes regular presentations
on the strategies and operations of the organisation. In 2020, there were seven meetings of the Board.

The Board of Directors are responsible for overseeing and challenging the work of the Executive Management Team,
ensuring that systems of internal control are in place, including financial controls, that risk is managed and overseeing
the remuneration of the employees of the organisation. Towards this end, Board Committees have been established
in the following areas:

Audit
The Audit Committee assists the Board of Directors in fulfilling its duties by providing oversight and review of:
▪ The financial reporting process.
▪ The process relating to the organisation’s management of financial risks, prevention of fraud and waste and the

system of internal control.
▪ Internal and external audit processes.

Committee Members: Noel Hickey (Chair), Dr. Mary Murphy, Suzanne Burke (joined March 2020) Donal Delaney,
Eamon Bolger. Secretary: Orla Whitfield (staff).

In 2020, the Audit Committee met 4 times.

Remuneration
The purpose of the Remuneration Committee is to assist the Board in fulfilling its duties by overseeing employee
remuneration and related matters on behalf of the Board. In addition, it is required to ensure performance evaluation
and succession planning at executive management level.

Committee Members: Mary Dowling (Chair), Eamon Cooney (joined January 2020), Aideen Quinn, Paul Ledwidge.
Secretary: Tony Stewart (staff).

In 2020, the Remuneration Committee met 4 times.

Quality & Risk
The Quality & Risk Committee provides assurance that there are appropriate and effective systems in place to cover
all aspects of Quality & Risk. The Committee oversees quality and safety on behalf of the Board of Directors.

The Committee ensures continuous and objective review in relation to non-financial risks. In particular, it should:

▪ Ensure that policies (non-finance) related to the management of risks are prepared and approved by the Board of
Directors.

▪ Review processes related to the identification, measurement, assessment and management of risk in the
organisation, including the development of a risk register.

▪ Promote a risk management and quality improvement culture throughout the organisation.
▪ Set the risk tolerance of the provider for its key risk areas.

Committee Members: Dr. Mary Murphy (Chair), Mary Walsh, Michael Corcoran (joined March 2020), Kitty O’Connor,
Emer Dowling, Dr. John O’Connell. Secretary: Siobhan Buckley (staff).

In 2020, the Quality and Risk Committee met 3 times.

Nominations
The Board of Directors should satisfy itself that, where appropriate, plans are in place for the orderly succession of
appointments to the Board of Directors and/or Board Committees so as to maintain an appropriate balance of skills
and experience within Prosper Group and on the Board of Directors and to ensure progressive refreshing of the Board
of Directors. In this regard, the Board of Directors has a committee to deal with Nominations. This committee is
responsible for:

▪ Developing and recommending to the Board of Directors formal, rigorous and transparent procedures for the
identification, selection and appointment of Board of Directors and Board Committee members.

▪ Reviewing and monitoring the membership needs of the Board of Directors and its Committees.
▪ Ensuring that the search for Board of Directors candidates is conducted, and appointments made, on merit, against

objective criteria and with due regard for the benefits of diversity on the Board of Directors, including gender and
skill mix.

7

Prosper Social Care Services CLG

DIRECTORS' REPORT

for the financial year ended 31 December 2020
Committee Members: Paula Carey (Chair), Dr. Mary Murphy, Shay Smyth, Kitty O’Connor, Secretary: Pat Reen (staff).

In 2020 the Nominations Committee met on 4 times.

Directors and Secretary
The directors who served throughout the financial year, except as noted, were as follows:

Suzanne Burke (Appointed 31 March 2020)
Paula Carey
John (Eamon) Cooney
James (Michael) Corcoran (Appointed 31 March 2020)
Mary Dowling
Noel Hickey
Dr. Mary Murphy
Kitty O'Connor (Resigned 31 March 2020)
Seamus Smyth (Resigned 31 March 2020)
Mary Walsh

The secretary who served throughout the financial year was Mary Dowling.

The registered office of the Prosper Group is Strand Street, Skerries, Co. Dublin.

EXEMPTIONS FROM DISCLOSURE
None

Future Developments
The company is established as a non-trading holding company.

Auditors
The auditors, OMAC Management Services Limited t/a W.O.McGrory & Company, (Certified Public Accountants) have
indicated their willingness to continue in office in accordance with the provisions of section 383(2) of the Companies
Act 2014.

Accounting Records
To ensure that adequate accounting records are kept in accordance with sections 281 to 285 of the Companies Act
2014, the directors have established appropriate books to adequately record the transactions of the company. The
directors also ensure that the company retains the source documentation for these transactions. The accounting
records are maintained at the company's office at Strand Street, Skerries, Co. Dublin.

Signed on behalf of the board []
[] Mary Dowling
Dr. Mary Murphy Director
Director
24th May 2021
24th May 2021

8

Prosper Social Care Services CLG

DIRECTORS' RESPONSIBILITIES STATEMENT

for the financial year ended 31 December 2020

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with
applicable Irish law and regulations.
Irish company law requires the directors to prepare financial statements for each financial year. Under the law the
directors have elected to prepare the financial statements in accordance with the Companies Act 2014 and FRS 102
"The Financial Reporting Standard applicable in the UK and Republic of Ireland" issued by the Financial Reporting
Council. Under company law, the directors must not approve the financial statements unless they are satisfied that
they give a true and fair view of the assets, liabilities and financial position of the company as at the financial year end
date and of the surplus or deficit of the company for the financial year and otherwise comply with the Companies Act
2014.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies for the company financial statements and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether the financial statements have been prepared in accordance with applicable accounting standards,

identify those standards, and note the effect and the reasons for any material departure from those standards; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company

will continue in business.
The directors are responsible for ensuring that the company keeps or causes to be kept adequate accounting records
which correctly explain and record the transactions of the company, enable at any time the assets, liabilities, financial
position and surplus or deficit of the company to be determined with reasonable accuracy, enable them to ensure that
the financial statements and Directors' Report comply with the Companies Act 2014 and enable the financial statements
to be readily and properly audited. They are also responsible for safeguarding the assets of the company and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the directors are aware:
- there is no relevant audit information (information needed by the company's auditor in connection with preparing

the auditor's report) of which the company's auditor is unaware, and
- the directors have taken all the steps that they ought to have taken to make themselves aware of any relevant audit

information and to establish that the company's auditor is aware of that information.

Signed on behalf of the board []
[] Mary Dowling
Dr. Mary Murphy Director
Director
24th May 2021
24th May 2021

9

INDEPENDENT AUDITOR'S REPORT

to the Members of Prosper Social Care Services CLG

Report on the audit of the financial statements

Opinion
We have audited the group and parent company financial statements of Prosper Social Care Services CLG and its
subsidiaries ('the group') for the financial year ended 31 December 2020 which comprise the Group Income and
Expenditure Account, the Group Balance Sheet, the Company Balance Sheet, the Group Reconciliation of Members'
Funds, the Group Cash Flow Statement and notes to the financial statements, including the summary of significant
accounting policies set out in note 2. The financial reporting framework that has been applied in their preparation is
Irish Law and FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” issued in the
United Kingdom by the Financial Reporting Council.
In our opinion the financial statements:
- give a true and fair view of the assets, liabilities and financial position of the group and parent company as at 31

December 2020 and of the group's surplus for the financial year then ended;
- have been properly prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK

and Republic of Ireland"; and
- have been properly prepared in accordance with the requirements of the Companies Act 2014.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (Ireland) (ISAs (Ireland)) and applicable
law. Our responsibilities under those standards are described below in the Auditor's responsibilities for the audit of the
financial statements section of our report. We are independent of the group in accordance with the ethical requirements
that are relevant to our audit of financial statements in Ireland, including the Ethical Standard for Auditors (Ireland)
issued by the Irish Auditing and Accounting Supervisory Authority (IAASA), 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 going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue
as a going concern for a period of at least twelve months from the date when the financial statements are authorised
for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant
sections of this report.
Other Information
The directors are responsible for the other information. The other information comprises the information included in the
annual report other than the financial statements and our Auditor's Report thereon. Our opinion on the financial
statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we
do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially
inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise 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 performed, we conclude that there is a material misstatement
of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2014
In our opinion, based solely on the work undertaken in the course of the audit, we report that:
- the information given in the Directors' Report for the financial year for which the financial statements are prepared

is consistent with the financial statements; and
- the Directors' Report has been prepared in accordance with the Companies Act 2014.
We have obtained all the information and explanations which, to the best of our knowledge and belief, are necessary
for the purposes of our audit.
In our opinion the accounting records of the company were sufficient to permit the financial statements to be readily
and properly audited. In our opinion the financial statements are in agreement with the accounting records.

10

INDEPENDENT AUDITOR'S REPORT

to the Members of Prosper Social Care Services CLG

Matters on which we are required to report by exception
Based on the knowledge and understanding of the group and the parent company and its environment obtained in the
course of the audit, we have not identified any material misstatements in the Directors' Report. The Companies Act
2014 requires us to report to you if, in our opinion, the disclosures of directors' remuneration and transactions required
by sections 305 to 312 of the Act, which relate to disclosures of directors’ remuneration and transactions are not
complied with by the company. We have nothing to report in this regard.
Respective responsibilities
Responsibilities of directors for the financial statements
As explained more fully in the Directors' Responsibilities Statement, the directors are responsible for the preparation
of the financial statements in accordance with the applicable financial reporting framework that give a true and fair view,
and for such internal control as they determine is necessary to enable the preparation of financial statements that are
free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the group's ability to continue as a
going concern, disclosing, if applicable, matters related to going concern and using the going concern basis of
accounting unless management either intends to liquidate the group or to cease operation, or has no realistic alternative
but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether 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 (Ireland) will always detect a material misstatement when it exists. Misstatements 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 financial statements.
A further description of our responsibilities for the audit of the financial statements is contained in the appendix to this
report, located at page 12, which is to be read as an integral part of our report.
The purpose of our audit work and to whom we owe our responsibilities
Our report is made solely to the group's members, as a body, in accordance with section 391 of the Companies Act
2014. Our audit work has been undertaken so that we might state to the group's members those matters we are required
to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept
or assume any responsibility to anyone other than the group and the group's members, as a body, for our audit work,
for this report, or for the opinions we have formed.
[]
Paul Farrell
for and on behalf of
OMAC MANAGEMENT SERVICES LIMITED T/A W.O.MCGRORY & COMPANY
Certified Public Accountants and Statutory Audit Firm
Unit 1, Ardmell Centre
Upper Mell
Drogheda
Co. Louth
A92 FK2A
24th May 2021

11

Prosper Social Care Services CLG

APPENDIX TO THE INDEPENDENT AUDITOR'S REPORT

Further information regarding the scope of our responsibilities as auditor
As part of an audit in accordance with ISAs (Ireland), we exercise professional judgement and maintain professional
scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to

fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is
sufficient 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 circumstances, but not for the purpose of expressing an opinion on the effectiveness of the group
and the parent company's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the directors.
- Conclude on the appropriateness of the directors' 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 group and the parent company's 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 the date of our Auditor's Report. However, future events or conditions may
cause the group and the parent company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and
whether the financial statements represent the underlying transactions and events in a manner that achieves fair
presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing
of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during
our audit.

12

Prosper Social Care Services CLG

CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT

for the financial year ended 31 December 2020

Notes 2020 2019
€ €

Income 3 13,253,078 12,749,775

Expenditure (12,659,952) (12,623,562)
Surplus before interest ─────── ───────

593,126 126,213

Interest payable and similar expenses 5 (42,783) (22,662)
Surplus for the financial year ─────── ───────
Total comprehensive income
17 550,343 103,551
─────── ───────

550,343 103,551
═══════ ═══════

Approved by the board on 24th May 2021 and signed on its behalf by:

[] []
Dr. Mary Murphy Mary Dowling

Director Director

The notes on pages 18 to 26 form part of the financial statements 13

Prosper Social Care Services CLG

CONSOLIDATED BALANCE SHEET

as at 31 December 2020

Fixed Assets Notes 2020 2019
Tangible assets 8 € €
9
Current Assets 14,780,988 13,762,351
Debtors ─────── ───────
Cash and cash equivalents
504,777 763,449
Creditors: Amounts falling due within one year 10 1,912,841 1,072,731
Net Current Assets ─────── ───────
Total Assets less Current Liabilities 11 2,417,618 1,836,180
Creditors 15 ─────── ───────
Amounts falling due after more than one year (1,065,003) (1,461,884)
Capital grants 17 ─────── ───────
Net Assets 17 1,352,615
─────── 374,296
Reserves 16,133,603 ───────
Capital reserves and funds 14,136,647
Income and expenditure account (1,393,206)
Members' Funds (540,771)
(6,278,587) (5,684,409)
─────── ───────
8,461,810 7,911,467
═══════ ═══════

2,610,573 2,260,573
5,851,237 5,650,894
─────── ───────
8,461,810 7,911,467
═══════ ═══════

Approved by the board on 24th May 2021 and signed on its behalf by:

[] []
Dr. Mary Murphy Mary Dowling

Director Director

The notes on pages 18 to 26 form part of the financial statements 14

Prosper Social Care Services CLG Notes 2020 2019
€ €
COMPANY BALANCE SHEET -
-
as at 31 December 2020 ═══════ ═══════

Members' Funds

Approved by the board on 24th May 2021 and signed on its behalf by:

[] []
Dr. Mary Murphy Mary Dowling

Director Director

The notes on pages 18 to 26 form part of the financial statements 15

Prosper Social Care Services CLG

CONSOLIDATED RECONCILIATION OF MEMBERS' FUNDS

as at 31 December 2020

Retained General Capital Total
surplus reserves reserves

€ €€ €

At 1 January 2019 6,258,668 - 1,549,248 7,807,916
Surplus for the financial year ─────── ─────── ─────── ───────
Other movements in
Members' Funds 103,551 - - 103,551
At 31 December 2019 ─────── ─────── ─────── ───────
Surplus for the financial year
Other movements in (711,325) 711,325 - -
Members' Funds ─────── ─────── ─────── ───────
At 31 December 2020 5,650,894 1,549,248 7,911,467
─────── 711,325 ─────── ───────
───────
550,343 - 550,343
─────── - ─────── ───────
───────
-
(350,000) 350,000 - ───────
─────── ─────── ─────── 8,461,810
═══════
5,851,237 1,061,325 1,549,248
═══════ ═══════ ═══════

16

Prosper Social Care Services CLG

CONSOLIDATED CASH FLOW STATEMENT

for the financial year ended 31 December 2020

Notes 2020 2019
€ €
Cash flows from operating activities
Surplus for the financial year 550,343 103,551
Adjustments for:
Interest payable and similar expenses 42,783 22,662
Depreciation 586,328 568,221
Surplus/deficit on disposal of tangible fixed assets (35,749)
Amortisation of government grants - (168,405)
(228,701) ───────
Movements in working capital: ─────── 490,280
Movement in debtors 950,753
Movement in creditors (164,948)
258,672 244,517
Cash generated from operations (510,515) ───────
Interest paid ─────── 569,849
698,910 (22,662)
Net cash generated from operating activities ───────
(42,783) 547,187
Cash flows from investing activities ─────── ───────
Payments to acquire tangible fixed assets
Receipts from sales of tangible fixed assets 656,127 (2,100,924)
─────── 365,883
Net cash used in investment activities
(1,604,965) ───────
Cash flows from financing activities - (1,735,041)
New long term loan ───────
New short term loan ───────
Capital element of finance lease and hire purchase contracts (1,604,965) 226,032
Advances to connected parties ─────── -
Advances from connected parties
Capital grants 1,037,545 (69,871)
1,326 559,068
Net cash generated from financing activities (559,068)
(71,265) 763,723
Net increase/(decrease) in cash and cash equivalents 20 - ───────
Cash and cash equivalents at beginning of financial year - 919,884
───────
Cash and cash equivalents at end of financial year 822,879
─────── (267,970)
1,790,485 1,335,989
─────── ───────
1,068,019
841,647 ═══════
1,068,019
───────
1,909,666
═══════

17

Prosper Social Care Services CLG

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2020

1. GENERAL INFORMATION

Prosper Social Care Services CLG is a company limited by guarantee incorporated in the Republic of Ireland.
Strand Street, Skerries, Co. Dublin is the registered office, which is also the principal place of business of the
company. The nature of the company’s operations and its principal activities are set out in the Directors' Report.
The financial statements have been presented in Euro (€) which is also the functional currency of the company.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered
material in relation to the group's financial statements.

Statement of compliance
The financial statements of the company for the year ended 31 December 2020 have been prepared on the
going concern basis and in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK
and Republic of Ireland” (FRS 102).

Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical
cost convention except for certain properties and financial instruments that are measured at revalued amounts
or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value
of the consideration given in exchange for assets. The financial reporting framework that has been applied in
their preparation is the Companies Act 2014 and FRS 102 “The Financial Reporting Standard applicable in the
UK and Republic of Ireland” issued by the Financial Reporting Council.

The company qualifies as a medium company as defined by section 280G of the Companies Act 2014 in respect
of the financial year.

Income
Turnover comprises the invoice value of goods supplied by the group.

Reserves
In accordance with recommended best practice, each charity should have a reserves policy. The Board has
the responsibility for establishing an appropriate reserves policy. It is the policy of the Board to retain sufficient
reserves to safeguard the continuity of its operations while committing the maximum possible resources to its
current services. The objective is that the company would be able to carry on its work even if faced with a
combination of difficult circumstances and enable it to have sufficient time to adjust its strategy to meet these
changing circumstances as well as meeting its obligations under the Companies Act.

General Reserve
It is deemed that up to a maximum of 90 days operational expenditure (excluding depreciation) should be
retained in general reserves to meet any unforeseen financial shocks.
The level and adequacy of the reserves are reviewed annually by the Audit Committee and brought to the
Board of Directors.

Capital Reserves
Capital reserves are values which have arisen as a result of the transfer of certain fixed assets and subvention
income entitlement from Fingal Association for the Handicapped in 2011.

Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to
depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated
residual value, over their expected useful lives as follows:

Land and buildings freehold - 2% Straight line
Long leasehold property - 2% Straight line
Plant and machinery - 20% Straight line
Fixtures, fittings and equipment - 20% and 33.3% Straight line
Motor vehicles - 25% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or
changes in circumstances indicate the carrying value may not be recoverable.

18

Prosper Social Care Services CLG continued

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2020

Leasing and hire purchases
Tangible fixed assets held under leasing and Hire Purchases arrangements which transfer substantially all the
risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost
or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect
of these obligations are treated as consisting of capital and interest elements, with interest charged to the
Income and Expenditure Account.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the
effective interest method less impairment losses for bad and doubtful debts except where the effect of
discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for
bad and doubtful debts.

Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to
the cost of assets being acquired. Investment income earned on the temporary investment of specific
borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for
capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the
effective interest rate method, unless the effect of discounting would be immaterial, in which case they are
stated at cost.

Employee benefits
The group operates a defined contribution pension scheme for employees. The assets of the scheme are held
separately from those of the company. Annual contributions payable to the group's pension scheme are
charged to the income and expenditure account in the period to which they relate.

Taxation
The individual group companies are registered charities and therefore exempt from Corporation Tax.

Capital grants
Capital grants received and receivable are treated as deferred income and amortised to the Income and
Expenditure Account annually over the useful economic life of the asset to which it relates. Revenue grants are
credited to the Income and Expenditure Account when received.

Pensions
The group operates a defined contribution pension scheme for employees. The assets of the scheme are held
separately from those of the group. Annual contributions payable to the group's pension scheme are charged
to the Income and Expenditure Account in the period to which they relate.

Basis of consolidation
The consolidated financial statements include the financial statements of the holding company and all its
subsidiary companies made up to 31 December 2020.

19

Prosper Social Care Services CLG continued

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2020

3. INCOME

The income for the financial year has been derived from:- 2020 2019
€ €

HSE - Section 39 12,526,104 12,031,380
HSE - Rehabilitative Training 230,299 214,836
HSE - Training allowance 9,731 18,018
Residential Respite- voluntary contributions 8,770 33,375
Sundry donations 40,897 72,746
Department of Education 108,195 109,484
Rent receivable 100,381 101,531
Amortisation of capital grants 228,701 168,405

─────── ───────
12,749,775
13,253,078 ═══════
═══════

The principal activity of the Group is the delivery of services and supports to individuals with an intellectual
disability. This includes the provision of day, respite, residential and clinical supports.
The main source of income to the Group comes through the Health Service Executive (HSE) - reference CHO
8 for County Meath and CHO 9 for Fingal.

4. OPERATING SURPLUS 2020 2019
Operating surplus is stated after charging/(crediting): € €
Depreciation of tangible fixed assets
Surplus on disposal of tangible fixed assets 586,328 568,221
Amortisation of capital grants (35,749)
- (168,405)
5. INTEREST PAYABLE AND SIMILAR EXPENSES (228,701) ═══════
═══════
On bank loans and overdrafts
Hire purchase interest 2020 2019
€ €

36,005 14,853
6,778 7,809

─────── ───────
22,662
42,783
═══════ ═══════

20

Prosper Social Care Services CLG continued

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2020

6. EMPLOYEES AND REMUNERATION

Number of employees
The average number of persons employed (including executive directors) during the financial year was as
follows:

2020 2019
Number Number

Front line staff - less than €60,000 191 192
Salary band €60,001 to €70,000 7 3
Salary band €70,001 to €80,000 1 4
Salary band €80,001 to €90,000 2 4
Salary band €90,001 to €100,000 3 1
Salary band €100,001 to €110,000 1 1
Salary band €120,001 to €130,000 1 1

─────── ───────
206
206
═══════ ═══════

The staff costs comprise: 2020 2019
€ €

Wages and salaries 8,017,767 7,391,643
Social welfare costs 882,185 828,967
Pension costs 501,785 462,075

─────── ───────
8,682,685
9,401,737 ═══════
═══════

7. SURPLUS ATTRIBUTABLE TO MEMBERS OF THE PARENT COMPANY

In accordance with section 304 of the Companies Act 2014 a separate Income and Expenditure Account for
the company has not been presented in these financial statements. The surplus dealt with in the financial
statements of the parent company was €0 (2019, €0).

21

Prosper Social Care Services CLG Land and Long Plant and Fixtures, Motor Total
buildings leasehold machinery fittings and vehicles €
NOTES TO THE FINANCIAL STATEMENTS
freehold property € equipment €
for the financial year ended 31 December 2020 € € €
8. TANGIBLE FIXED ASSETS
16,084,299 2,185,886 1,564,745 570,873 1,044,993 21,450,796
Group 1,522,602 16,353 66,010 - - 1,604,965
─────── ───────
Cost ─────── ─────── ─────── ───────
At 1 January 2020 17,606,901 2,202,239 1,630,755 570,873 1,044,993 23,055,761
Additions ─────── ─────── ─────── ─────── ───────
At 31 December 2020 ───────
Depreciation
At 1 January 2020 3,815,276 859,679 1,523,896 566,310 923,284 7,688,445
Charge for the financial year 447,064 41,441 37,091 2,930 57,802 586,328
At 31 December 2020
Net book value ─────── ─────── ─────── ─────── ─────── ───────
At 31 December 2020 4,262,340 901,120 1,560,987 569,240 981,086 8,274,773
At 31 December 2019 ─────── ─────── ───────
─────── ─────── ───────

13,344,561 1,301,119 69,768 1,633 63,907 14,780,988
═══════ ═══════ ═══════ ═══════ ═══════ ═══════

12,269,023 1,326,207 40,849 4,563 121,709 13,762,351
═══════ ═══════ ═══════ ═══════ ═══════ ═══════

22

Prosper Social Care Services CLG 2020 2019
€ €
NOTES TO THE FINANCIAL STATEMENTS
- 170,000
for the financial year ended 31 December 2020 246,262 362,062
9. DEBTORS 258,515 231,387
─────── ───────
Group 504,777 763,449
Trade debtors ═══════ ═══════
Other debtors
Prepayments 2020 2019
€ €
10. CREDITORS
Amounts falling due within one year 190,145 52,592
Group
Amounts owed to credit institutions 47,046 70,965
Net obligations under finance leases 189,567 441,958
and hire purchase contracts 200,229 244,625
Trade creditors 143,097
Taxation (Note 12) - 508,647
Other creditors 438,016 ───────
Accruals ─────── 1,461,884
1,065,003 ═══════
11. CREDITORS ═══════
Amounts falling due after more than one year 2019
Group 2020 €
Bank loan €
Finance leases and hire purchase contracts
1,367,057 467,276
Loans 26,149 73,495
Repayable in one year or less, or on demand (Note 10)
Repayable between one and two years ─────── ───────
Repayable between two and five years 540,771
Repayable in five years or more 1,393,206
═══════ ═══════
Net obligations under finance leases
and hire purchase contracts 190,145 52,592
Repayable within one year 186,970 47,880
Repayable between one and five years 560,910 191,520
619,177 227,876
Bank loans are secured by fixed charges over the company's properties at: ─────── ───────
Cherrygarth House, Drogheda Street, Balbriggan, Co. Dublin. 519,868
New Borough School, Seatown Road, Swords, Co. Dublin. 1,557,202 ═══════
Doctor's Lane, Rush, Co. Dublin. ═══════
1 The Obelisk, Strand Street, Skerries, Co .Dublin.
St. Jude's, Station Road, Lusk, Co. Dublin. 47,046 70,965
Watergate Street, Navan, Co. Meath. 26,149 73,495
Emmet Street, Trim, Co. Meath. ─────── ───────
144,460
73,195 ═══════
═══════

23

Prosper Social Care Services CLG continued

NOTES TO THE FINANCIAL STATEMENTS 2020 2019
€ €
for the financial year ended 31 December 2020
12. TAXATION 200,229 244,625

Group ═══════ ═══════

Creditors:
PAYE

13. FINANCIAL INSTRUMENTS

14. PENSION COSTS - DEFINED CONTRIBUTION

The Group operates a defined contribution pension scheme. The assets of the scheme are held separately
from those of the Group in an independently administered fund. Pension costs amounted to €501,785 (2019 -
€462,075).

15. CAPITAL GRANTS 2020 2019
Group € €

Capital grants received and receivable 6,788,237 6,024,514
At 1 January 2020 822,879 763,723
Increase in financial year
─────── ───────

At 31 December 2020 7,611,116 6,788,237
─────── ───────
Amortisation
At 1 January 2020 (1,103,828) (935,423)
Amortised in financial year (228,701) (168,405)
───────
───────

At 31 December 2020 (1,332,529) (1,103,828)
─────── ───────
Net book value
At 31 December 2020 6,278,587 5,684,409
═══════ ═══════
At 1 January 2020 5,089,091
5,684,409

These grants related to contributions towards the provision of a new premises and will be written off over the asset's
useful life. Fingal County Council holds secured charges over the following properties:
Ballustree, Skerries Road, Rush, Co. Dublin.
Apartment 7, Ground Floor, Milton Hall, Swords, Co. Dublin.
46 Carnegie Court, Swords, Co. Dublin.
The directors confirm that the group will at all times comply with the conditions attaching to the grants and on that
basis the advances are treated as capital grants.

16. STATUS
The liability of the members is limited.
Every member of the company undertakes to contribute to the assets of the company in the event of its being
wound up while they are members, or within one year thereafter, for the payment of the debts and liabilities of
the company contracted before they ceased to be members, and of the costs, charges and expenses of winding
up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required,
not exceeding €1.27.

24

Prosper Social Care Services CLG continued

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2020

17. RESERVES
Group

Income and General Capital Total
expenditure reserves reserves €

account € €
€

At 1 January 2020 5,650,894 711,325 1,549,248 7,911,467
Transfer of realised profit (350,000) - - (350,000)
Surplus for the financial year 550,343 - - 550,343
Other movements - 350,000
At 31 December 2020 - 350,000 ───────
─────── ─────── ───────
8,461,810
5,851,237 1,061,325 1,549,248 ═══════
═══════ ═══════ ═══════

The transfers from Income and Expenditure to General Reserves is in accordance with the group's accounting
policy as set out in note 2 above.

18. CAPITAL COMMITMENTS 2020 2019
€ €
Group
Details of capital commitments at the accounting date are as follows: 129,360 -
The Group had commitments to purchasing 2 motor vehicles at the year-end
contracted for but not provided in the financial statements ═══════ ═══════

19. RELATED PARTY TRANSACTIONS

Mary Walsh is a member of the board of directors. She is also a director of Riding for the Disabled Association
- a company that was engaged to provide services during the year. The value of these services was €2,250.

20. CASH AND CASH EQUIVALENTS 2020 2019
€ €

Cash and bank balances 1,878,096 1,065,674
Bank overdrafts (3,175) (4,712)
Cash equivalents 34,745 7,057

─────── ───────
1,068,019
1,909,666 ═══════
═══════

21 RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET DEBT

Opening Cash Other Closing
balance
balance flows changes

€€€ €

Long-term borrowings (467,276) (1,037,545) 137,764 (1,367,057)
Short-term borrowings (47,880) (1,326) (137,764) (186,970)
Finance lease and hire purchase 71,265 (73,195)
Total liabilities from financing activities (144,460) -
Total Cash and cash equivalents (Note 20) ─────── ─────── ─────── ───────
Total net debt (967,606) (1,627,222)
(659,616) - ───────
═══════ ═══════ ═══════ 1,909,666
───────

282,444
═══════

25

Prosper Social Care Services CLG continued

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2020

22. APPROVAL OF FINANCIAL STATEMENTS

The financial statements were approved and authorised for issue by the board of directors on 24th May 2021.

26

Prosper Group
Strand Street, Skerries
Co. Dublin
K34 TD61

Tel: 01 8493600