HOMEPLUS NI LTD (A COMPANY LIMITED BY GURANTEE) Trustees Annual Report and Unaudited Financial Statements for the year ended 31 March 2023 Registered Charity En Northern Ireland {NIC100730) Company Registration Number N1058306 Pagell
HOMEPLUS NI LTD IA COMPANY LIMITED BY GUARANTEE) Financial Statements Year ended 31 March 2023 Contents CHARITY REFERENCE AND ADMINISTRATIVE DEfAILS...-....................... ....-..........-...... .........................,... TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT)...................... TRUSTEES OF THE CHARITY................... ..........................-..................... .................................................. REFERENCE AND ADMINISTRATWE DETAILS .. STRUCTURE AND MANAGEMENT....... DESCRIPTION AND PURPOSE..............................................-....................... ...........................................,. AcfiviTIES AND OBJECTIVES ............................................................................................... .................... ACHIEVEMENTS AND PERFORMANCE.....-........................................................................... PUBLIC BENEFIT STATEMENT.............................-. FINANCIAL REVIEW. GOING CONCERN........................................................................................................,.......................... RESERVES POLICY..............................................-.-............. ... . ...................-......................,...................... RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS ..........................................-................ RISK REVIEW......................................,.................................. ....................................................,.............10 FURTURE PLANS.....,.............................,.................................................... .......-....................................10 INDEPENDENT EXAMINERS REPORT...........................................................,............ .................................13 STATEMENT OF FINANCIAL ACTIVITY (INCLUDING INCOME AND EXPENDFTURE ACCOUNT) .. . ... ........15 BALANCE SHEET... ............................................................................................... ............-.........................17 NOTES TOTHE ACCOUNTS..........................................................- .19
HOMEPLUS NI LTD (A COMPANY LIMtTED BY GUARANTEE) Year ended 31 March 2023 CHARITY REFERENCE AND ADMINisfRATIVE DEfAIIS Charity Registration Number NIC 100730 Company Registration Number NI 058306 Trustees Mr Philip Boomer Mr Sean P Conlon Mr Kyle Heffernan Company Secretary Ms Margaret Henry Manager Mr S Smith Registered Office 113 University Street Belfast BT7 IHP Independent Examiner Hopper & Co Chartered Accountants and Registered Auditors 6 Doagh Road Ballyclare Co Antrim BT39 9BG Bankers Danske Bank Donegall Square West Belfast BTI 6JS
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT Year ended 31 March 2023 TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT) The Trustee5 who are a150 directors for the purposes of company law present their report and the unaudited financi31 statements of the charity for the year ended 31st March 2023. The directors have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities ' {FRS102 Section IA) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in notes to the financial statements and applicable accounting standards, Accounting and Reporting by Charities . Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Reptjblic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102 Section IA), the charity's governing document, the Charities Act {Northern Ire13ndl 2008, Charities Act (Northern Ireland) 2013, The Charities (Accounts 3nd Reports) Regulations (Northern Ireland) 2015, Companies Act 2006 and UK Generally Accepted Practice. TRusfEES OF THE CHARITY The directors of the charitable company are its trustees for the purposes of charity law. The terms director" and "trustee" are used interchangeably throughout the financial statements. The trustees who have served during the year were as follows: Mr Philip Boomer Mr Sean P Conlon Mr Kyle Heffernan REFERENCE AND ADMINISTRATIVE DEfAILS The registered name of the charity is Homeplus Nl Ltd, charity registration number: NIC 100730 znd company number: Nl 058306 Trustees Mr Philip Boomer Mr Sean P Conlon Mr Kyle Heffernan Company Secretary Ms Margaret Henry Manager Mrs Smith
HOMEPLUS NI LTO (A COMPANY UMITED BY GUARANTEE) TRUSTEES REPORT (cont'd) Year ended 31 March 2023 Registered Office 113 University Street Belfast BT7 IHP Independent Examiner Hopper & Co Chartered Accountants and Registered Auditors 6 Doagh Road Ballyclare Co Antrim BT39 98G Bankers Danske Bank Donegall Square West Belfast BTI 6JS STRucfuRE AND mANAGEmEr The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under tts Articles of Association. The B02rd is responsible for the governance of the charity. The trustees delegate the running of the organisation to the manger, within a framework of delegated authority. The Board meets approximately every two months. DESCRIPTION AND PURPOSE Homeplus Nl is a charity workinE With people who sleep rough in 8elfast, and people who are homeless or in danger of becoming homeless. We provide an Outreach service to Rough Sleepers, a nightly Street Outreach service for all Rough Sleepers, an On-call Service for Rough Sleepers, the public and service providers, and a daily Drop-ln Centre specifically for homeless and destitute foreign nationals, asylum seekers, refugees and those who have been excluded from other services ACTIVITIES AND OBJEcfivES Homeplus Nl was established as a Charity in September 2000, by a group of concerned individuals who had extensive experience and a practical working knowledge of the problems associated with homelessne5S, to meet the immediate accommodation and support needs of vulnerable homeless people who are sleeping rough. The Charity was registered with the Charity Commission for Northern Ireland on 3rd November 2014.
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT {conVd) Year ended 31 March 2023 Homeplus Nl Is a ch2rity working with people who sleep rough in Belfast, and people who are homeless or in danger of becoming homeless. We provide an Outreach service and a daily Drop-ln Centre specifically for homeless and destitute foreign nationals and those who have been excluded from other services. The charity's objectives are the relief of poverty, the relief of sickness and advancement of education and training of persons who are homeless by the provision of accommodation Isheltered housing for those suffering from alcoholism or addiction to drugs or other substances, or who are in need of such aS5iStance due to their young age, poor he31th or financi31 need on terms appropriate to their means," 3nd the provision of street outreach services to rough sleepers and of day centre services Mission Statement Homeplus Nl is a voluntary organisation established to meet immediate accommodation, practical help and support needs of vulnerable homeless people. particularly those with complex needs. We seek to identify new or changing outreach/accommodation/support needs of disadvantaged groups or individuals and work to develop projects to meet those needs Vision Statement That no one should have to sleep rough because of lack of appropriate accommodation andlor support. Values We believe that everyone should have the right of immediate access to appropriate and good quality accommodation when required; We believe that everyone should have the right to relevant services and appropri2te levels of support to enable them to maintain accommodation; We believe that everyone has the right to be treated with dignity and respett at all times; We believe in treating all homeless persons equally. We believe in promoting neutral, non-settarian, non-political services to all areas of Belfast, regardless of political divide; and We believe that individuals who are 'roofless' should have 24-hour support and practical help. Aims To identify gaps in Servi provision for rough sleepers and develop services to meet those To increase awareness among statutory agencies, the general public, and politicians, about the reality of homelessness, particularly rough sleeping and associated problems; 61Poge
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT Iconvd) Year ended 31 March 2023 To work in partnership with other agencies to influence those in authority to develop strategie5 and adapt effective policies to alleviate homelessness, particularly rough sleeping; and To assist Rough Sleepers to move off the streets with the support of specialist teams of street workers, to improve access to hostels for those with addiction / mental health problems and ensure ready access to day centres and mainstream services. ACHIEVEMENTS AND PERFORMANCE Homeplus recent achievements for 22/23 have included: Providing street Outreach service to over 2600 contacts last year. Our Street Outreach project operates from 6pm to 9.30 pm each night, resourced by 2 sessional workers and 11 volunteers. In our Drop-in Centre/Advice Centre, over the past year we assisted over 544 individuals. Provided advice and SUPPOTt for service users in need of information and support on Issues including grants, education and benefEts. We also referred clients to advice experts such as The Law Centre and support hubs. We have delivered our Women's Centre for mothers and their children in the building. We continued to collect, store and distribute donations of food, toiletries, bedding, furniture and clothing for rough sleepers, refugees, asylum seekers and destitute migrant workers on a daily basis and stored these in our new North Belfast storage facility. We continued to outsource our bookkeeping to a professional who ensured financial record keeping was up to date and accurate. Provision of training for staff and volunteers through The Law Centre and in-house courses on issues such as health & safety, homelessness, substance misuse, nutrition, and food hygiene. Continued the seasonal work on our community allotment, where our volunteers and service users grew organic food for our Drop-ln Centre in a user-led Community Allotment project. We continued to develop and strengthen links with other organisations and public bodies We have secured 5 years funding from The National Lottery Fund and 3 years funding from OFMDFM/MEDF. We have continued to get donations through other local groups as well as donations from Churches and the general public and grants from other organi5ations. In our Women's Centre we assisted mothers and their children with advice, clothing, food, school uniforms as well as sign posting to local community groups, and providing facilities for homework and after school activities. 71P2ge
HOMEPLUS NI LTD {A COMPANY LIMITED BY GUARANTEEJ TRUSTEES REPQRT {tonVd) Year ended 31 March 2023 Our pool of volunteers included minority ethnic groups, particularly volunteers from the asylum seeker, refugee and Muslim community. We continued to participate in interagency forums, committees and steering groups to influence those in authority to improve access to healthcare, welfare and accommodation for our client groups We have developed new working relationships with student union groups, Trade Unions, and businesses such as Greggs, Nandos, FaresharelFood Cloud, Makro. Tesco and EMBRACE (Combined Churches of Belfast) We have continued hot Halal meals and vegan options in our Drop-ln Centre 3 days per week and food parcels Tuesdays and Thursdays for our BME service users We have organised a series of social, educational and recreational events for our service users We have secured travel costs from Embrace for destitute migrants to enable them to return to their home countries, as well as other parts of the UK to secure employment We have provided an ad-hoc day Outreach Service to rough sleepers as requested by service users, organisations and the public We have continued altemative therapy sessions for our women's centre service users, such as, henna, massage, reflexology and hairdressing We facilitated the Muslim cotnmunity to use our Drop-ln Centre during Ramadan where they cooked for breaking the fast in the evening and for service users during the day. We increased our supply of food donations through partnerships with organisations such as ASDA, Greggs, Foodcloud and Fareshare. We established a Social Supermarket for local people who are in food poverty. This was done with support from The Belfast Health Development Unit in City Hall. PUBLIC BENEFIT STATEMENT The Board of Homeplus Nl Ltd confirm that they have had due regard for the guidance produced on public benefit by the Charity Commission for Northern Ireland, and are pleased to report that during the year the charitable company has continued to provide public benefits through the programmes and services we offer. In particular, the director5 consider how planned activities will contribute to the aims and objectives they have set out.
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARA1rEE) TRUSTEES REPORT {conVd) Year ended 31 March 2023 Public Benefrts. The relief of poverty by providing Street Outreach, Drop-ln Centre, on-call service and emergency accommodation services for those who are homeless. The relief of sickness through the provision of first aid, Naloxone, and other Outreach serv ices. The advancement of education and training. FINANCIAL REVIEW The charity, s incoming recourse for the year amounted to £263,406 (2022: £198,562). Principal sources of funding are from grants and donations. The outgoing expenditure for the year amounted to £245,231 (2022 £189,600) The net incomings for the year amounted to £18,175 {2022: incoming £8,962). The Charity is extremely grateful to all its grant funders, without whose support Homeplus would not be able to run a number of its attivities. GOING CONCERN The activities of the trustees are dependent on ongoing contributions from its members. The Trustees are of the opinion that the trustees has sufficient resources at the date of approval of these financial statements to meet commitments which will arise in the year from the date of signing this report and subject to the continuing support from members to fund on an ongoing basis the trustee'5 current activities and other financial commitments. RESERVES POLICY The Trustees have considered the level of unrestricted reserves that It is appropriate to hold taking account of current and ongoing commitments. It is the poliry of the Trustees to hold between two and six month's normal expenditure, this equate to between £701 and £2,103. At the year-end unrestricted reserves were £86,395 which represents 3 higher level of reserves. The Trustees, however, consider it prudent to hold reserves at this level as the funding of its present activities is dependent of the ongoing financial support of its funders. RESPONSIBILITIES IN RESPECT OF THE FINANCIAL STATEMENTS The trustees (who are also the directors of Homeplus Nl Ltd for the purposes of company law) are responsible for preparing the Directors ' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and
HOMEPLUS NI LTO IA COMPANY UMITED BY GUARANTEE) TRUSTEES REPORT Icont'd) Year ended 31 March 2023 application of resources, including the income and expendlture, of the charitable company for that period. In preparing these financial statements, the directors are required to: selert suitable accounting policies and then apply them con5iStently; observe the methods and principles in the Charities SORP 2019 {FRS102); make judgements and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed , subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the golng concern basis unless it is inappropriate to presume that the charitable company will continue to operate. The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006, Charities Att (Northern Ireland) 2008 and Charities Act (Nolthern Ireland) 2013 and Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities. The direttors are responsible for the maintenance and integrity of the charitable company and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other Jurisdlctions. RISK REVIEW A review of major risks has been undertaken by the Trustees and systems and procedures implemented to manage identified risks. The principal risks are in relation to the likelihood of reputational damage and financial risks associated with the expectation of ongoing financial support from funders. These risks are mitigated by the Trustees regularly monitoring the various activities of the charity at stated meetings and by reviewing available funding streams. FURTURE PLANS Objectives for 202312024 To secure funding for staff to run our Drop-In/Advice Centre and Street Outreach projects, Social Supermarket, and for ongoing revenue costs To further develop our drop-in centre where BME clients and local homeless people can receive advice, food, provisions. clothes and shower facllities. To continue to develop and strengthen links with other agencies iojPage
HOMEPLUS NI LTD IA COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (convd) Year ended 31 March 2Q23 To develop our volunteer resources to include collecting and distributing food donations. To identify and provide relevant training for our staff and volunteers, particularly in the area of drug overdosing. To continue our Street Outreach project providing assistance to rough sleepers 365 nights a vear. To continue our Drop-In/Advice Centre project for homeless asylum seekers, refugees, destitute migrants and local homeless people. We can now develop our face to face advice service since Covid 19 has ended. We secured 5-year funding from The National Lottery Fund which allow us to greatly expand the services we provlde in the Women's Centre, as we feel this group, mothers and children were particularly damaged by the Covid 19 pandemic. To develop our diversionary activities programme for service users such as social activities and day trips. To work in partnership with hostels, housing 35sociations, NIHE, Mears organisation towards ensuring suitable accommodation for asylum seekers, refugees and destitute migrants in 3 more permanent way To further integrate asylurn seekers, refugees and migrant workers into the community by our allotment and volunteer opportunities. Explore alternative rneans of funding and keep upto-date with new programmes and funding opportunities and continue to report back to our funders as agreed Disclosure of Information to Independent Exarniner So far as each of the directors in office at the date of approval of these financi31 statements is aware: there is no relevant audit information of which the charitable company's independent examiner is unaware. and they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant information forthe Independent examination and to establish that the ch3ritable company's independent examiner is aware of that information. IIIP3&rte
HOMEPLUS NI LTD {A COMPANY UMITED BY GUARANTEE) TRUSTEES REPORT Iconvd) Year ended 31 March 2023 Small Companies, Exemption This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 . Independent Examiner Hopper & Co., have indicated their willingness to remain in office and a resolution for their re-election will be proposed at the folthcoming Annual General Meeting. Approved by the trustees at a meeting on 21 los and signed on its behalf by: Mr Sean P Conlon Director & Trustee 121Page
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINERS REPORT Year ended 31 March 2023 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) I report on the financial statements of Homeplus Nl Ltd for the year ended 31st March 2023 which are contained within the 2023 Annual Report. Respective responsibilities of trustees and independent examiner Homeplus Nl Ltd 's trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities Act (Northern Ireland) 2008. Homeplus Nl Ltd's trustees consider that an audit is not required under section 65121 (audit) of the Charities Act (Northern Ireland) 2008 for the year and that an independent examination under section 64(11 of the Charities Art {Northern Ireland) 2008 is required. It is my responsibility to: examine the accounts to state whether particular matters have come to my attention. Basis of independent examlner's report My examination was carried out under Section 65 of the Charities Act (Northern Ireland) 2008. An examination includes a review of the accounting records kept by the Church and a comparison of the financial statements presented with those records. It also includes consideration of any unusu21 Items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures do not provide all the evidence that would be required in an audit, and consequently I do not express ari audit opinion on the view given by the financlal statements. Independent examiner's ststement In the course of my examination, no matter has come to my attention: (l) which gives me reasonable G3use to believe that in any material respect the requirements: 131>3ge
to keep proper accounting records in accordance with Section 63 of the charities Act (Northem Ireland) 2008, and to prepare financial statements which accord with the accounting record5 in accordance with Section 64 of the Charities Act (Northem Ireland) 2008 have not been met; or {2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. S Hopper FCA Partner Hopper & Co 2, OL£9 141Pdge
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITY (INCLUDING INCOME AND EXPENDITURE ACCOUNn for the year ended 31 March 2023 Note Unrestricted Funds Restricted Funds Total 2023 Total 2022 Income from: Donations and legacies Investment Income Other 11,983 251.423 263,406 198,489 73 Total Income 11,983 251,423 263,406 198,562 Expenditure on: Charitable artivities 4,209 241,022 245,231 189,600 Total Expendlture 4.209 241.022 245,231 189,600 Net Income Transfers between funds 7,774 3,127 10,401 (3,127) 18,175 8,962 Net movement in funds Funds brought forward 10,901 78,281 7,274 56,802 18,175 135,083 8,962 126,121 Funds carried forward 16 89,182 64,076 153,258 135,083 All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year.
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HOMEPLUS NI LTD (A COMPANY UMITED BY GUARANTEE) BALANCE SHEEr As at 31 March 2023 Note 2023 2022 Fixed Assets Tangible Fixed Assets Total fixed assets io 8,786 8,786 4,096 4,096 Current Assets Debtors Cash and cash equivalents Total current assets 11 12,013 145,092 157.105 21,262 119,170 140,432 Creditors- amounts falllng duewithln one year Total creditors 12 12.632 12,632 9,445 9,445 Net Current Assets 144,473 130,987 Total net Assets 153,258 135,083 Funds of the charity Unrestrirted funds General funds Total unrestricted funds Restricted Funds 14 89,182 89,182 64,076 78,281 78,281 56,802 15 Totsl charity funds 153,258 135,083 For the ye2r ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime.
These financial statements were approved by the board of directors and authorised for issue on21 and are signed on behalf of the board by: Mr Sean P Conlon Director & Trustee The note5 on pages 18 to 29 form part of these financial statements. Company Registration Number: Nl 058306 181 P3
HOMEPLUS NI LTD IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS forthe year ended 31 March 2023 I. ACCOUNTING POLICIES General informatlon and basis of preparation Homeplus NE Ltd is a charitable company limtted by guarantee and not having a share capital and is registered in Northern Ireland. The address of the registered office is given in the charity information on page l of these financial statements. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The charitable company constitutes a public benefit entity as defined by FRS 102. Statement of compliance The financial statements have been prepared in accordance with the accounting policies set out in notes to the financial statements and applicable accounting standards, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Repolting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102 Section IA), the charity's goveming document, the Charities Act (Northern Ireland) 2008, Charities Act (Northern Ireland) 2013 , The Charities (Accounts and Reports) Regulations {Northern Ireland) 2015, Companies Act 2006 and UK Generally Accepted Practice. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are Prepared in sterling which is the functional currency of the charity rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. The directors consider that these policies are suitable, have been consistently applied and are supported by reasonable and prudent judgements and estimates. FUND ACCOUNTING The charity has various types of funds for which it is responsible, and which require separate disclosure. A definition of the various types of funds is as follows: Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes Intended by the donor and {b) revenue donations or grants for a specific charitable activitv intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARAwfEE) NOTES TO THE ACCOUNTS {conVd) 31 March 2023 Unrestricted funds are funds which are expendable at the discretion of the Charity in furtherance of its objectives. In addition to expenditure on activities such funds may be held in order to finance capital investment and working capit31. Designated funds are general funds set aside by the trustees for use in the future. INCOMING RESOURCES All incoming resources are included in the Statement of Financial Activities {SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation 3nd this requires a level of performance before entitlement can be obtained, then incorne is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity, and it is probable that they will be fulfilled. Voluntary income received by way of donations and gift is credited to revenue on a receivable basis. The charity receives grants in respect of support services. Incorne from government and other grants are recognised at fair value when the charlty has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred. Revenue grants are credited to incoming resources on the earlier date of when they are received or when they are receivable unless they relate to a specified future period. Other income represents income that cannot be reported under the other analysis headings provided within the SOFA. (i) Incoming resources with related expenditure Where incoming resources have related expenditure (as with insurance proceeds) the incoming resources and related expenditure are reported gross in the SOFA. 201P3g"
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS Iconvd) 31 March 2023 Grants and donations Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. (illl Tax reclaims on donations and gifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. (iv) Contractual Income and performance related grants This is only included in the SOFA once the related goods or services have been delivered. (v) Glfts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. Ivl) Donated services and facilities These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value place on these resources is the estimated value to the charity of the service or facility received. {vii) Investment income This is included in the accounts in the period to which it relates. {viii) Investment gains and losse5 This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND UABILITIES All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. It is categorised under the following headings: Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and seniices for its beneficiaries and includes salary costs, support servlce expenses, and an apportionment of support costs; Other expenditure represents those items not falling into the categories above. 211Page
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCour$ (cont'd) 31 March 2023 (i) Liability recognition Liabilities are recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. <11) Governance costs These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs Df trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. Grants with perforniance conditions Where the charity gives a grant with conditions for its payrnent being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified Service or output_ (iv) Grants payable wlthout performance conditions These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity. (v) Support costs Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings, they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Premises overheads have been allocated on a basis consistent with the use of the resources. Staff costs and other overhead5 have been allocated based on time spent, per capita and activity. Employee benefits When employees have rendered service to the charity, sholt-term employee benefits to which the employees are entitled are recogni5ed at the undiscounted amount expected to be paid in exchange for that service. Value Added Tax The charity is not registered for VAT purposes, therefore expenditure is shown gross of VAT.
HOMEPLUS NI LTD (A COMPANY LIMrrED BY GUARANTEE) NOTES TO THE ACCOUNTS Iconvd) 31 March 2023 ASSETS (i) Tangfble Fixed Assets The cost of tangible fixed assets IS their purchase cost, together with any incidental costs of acquisition. Depreciation is calculated so as to wnte off the cost of tangible fixed assets, less their estimated residual values, on a straight-line basis over the expected useful economic lives of the assets concerned. The princip21 annual rates used are as follows: Fixtures and fittings Motor vehicles 25% Straight line 25% Reducing balance In accordance with FRS102, assets under construction are not depreciated until such times as they are available for use. Where the recoverable amount of a fixed asset is found to be below it5 net book value, the asset is written down to the recoverable figure and the loss on impairment is recognised in the SOFA. (li) Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees, best estimate of market value. Investments Leases Rentals payable under operating leases are charged to the SOFA on a straight-line basis over the period of the lease. Tax As a charity, the company benefits from various exemptions afforded by tax legislation. It is therefore not li3ble to corporation tax on income or gains falling due within those exemptions. Recovery is made of tax deducted from receipts under gift aid. Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material unceltainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months frorn authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going toncern. Judgements and key sources of estimation uncertainty The following judgements including those involving estimates have been made in the process of applying the above accounting policies that have had the most significant effett on the amounts recognised in the financial statements 2nd that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year:
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS Iconvd) 31 March 2023 depreciation method and asset useful lives The estimates and assumptions are reviewed on an ongoing basis considering the current and future market conditions. 2. DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds Total 2023 Donations and gifts Grants 11,983 1,000 250,423 12,983 250,423 11,983 251,423 263,406 Unrestrirted Restricted Funds Funds Total 2022 Donations and gifts Grants 20,563 8,239 169,687 28,802 169,687 20.563 177,926 198,489 24 | P&7
HOMEPLUS NI LTD IA COMPANY LIMrrED BY GUARANTEE) NOTES TO THE ACCOUNTS (convd) 31 March 2023 Grants Receivable Restricted Funds: 2023 2022 Cash Kids Garfield Weston Foundation Halifax 5,300 25,000 9,918 5,500 44,327 OFMDFM Socialsm The National Lottery Tudor Trust Ulster Garden Villages Limited 44,896 16,800 146,883 30,000 6,544 54,942 30,000 250,423 169,687 3. INVESTMENT INCOME Unrestricted Funds Restricted Funds Total 2023 Total 2022 Deposit interest 73 73 4. OTHER INCOME Unrestricted Funds Restricted Funds Total 2023 Total 2022 Other Income 251 133 ge
HOMEPLUS NI LTD (A COMPANY UMITED BY GUARANTEE) NOTES TO THE ACCOUNTS Icont'd) 31 March 2023 5. CHARITABLE ACTivrriES Unrestricted Funds Restricted Funds Total 2023 Total 2022 Employment Costs Direct Costs Establishment Costs Repairs and Maintenance Profit on Disposal of Fixed Assets Depreciation Sundry Expenses Governance costs {note 6) (5,830) 2,832 56 605 157,256 35,682 15,664 5,424 151,427 38,514 IS,720 6,029 108,283 26,366 8,856 17,226 928 5,618 2,400 266 24,230 1,294 29,847 2,400 1,339 25,131 2,400 4,209 241,022 245,231 189,600 6. GOVERNANCE COSTS UnrestrEcted Funds Restrirted Funds Total 2023 Total 2022 Independent Examination fees 2,400 2,400 2,400 2,400 2,400 2,400 261 P3
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE} NOTES TO THE ACCOUNTS {conVd) 31 March 2023 13. CONTINGENT LIABILITIES The charitable company has a contingent liability to repay grants received if the company fails to comply with certain conditions stiptjlated in the letter of offer and terms and conditions of contract under which the grants were paid. The directors do not expect any claims to be made in this respect. 14. FUND BALANCES Fund Balance at stsrt Income Expendltur Surplus / (Defitit) Transfer Balance at end Unrestricted Fund5 General fund 78,281 11,983 (4,209) 7,774 3,127 89,182 78,281 11.983 {4,209) 7.774 3,127 89,182 Restricted Funds Cash Kids CFC Donations Garfield Weston Foundation Halifax Homeless Connect John Moore LFT OFM DFM SA WA Funders Shorts Bombardier Social Supermarket Tudor Trust The National Lottery VSB Ulster Garden Villages 5,300 1,000 (5,300) (3,495) (2,4951 1,905 3,067 1,3S8 1,933 3,076 25,OlX) 6,157 64 28 4,995 1,536 (4) (i) (9) (23,632) (23,632) (4,224) (4,2241 28 4,995 1,432 44,896 (45,000) (104) 16,800 30,0130 146,883 (5,010) (29,750) {124,611) 11,790 250 22.272 (3,127) 8,664 2,510 31.571 2,260 9,299 {4} (4) 6,544 6,544 6,540 56,802 251,423 (241,022) 10,401 {3,127) 64,076 Total 135,083 263,406 1245,231) 18,175 153,258 291P3gp
AOMEPLUS NI LTD (A COMPANY UMITED BY GUARANTEE) NOTES TO THE ACCOUNTS Icont'd) 31 March 2023 15. ANALYSIS OF NET ASSEfs BEfwEEN FUNDS Unrestrlcted Restrirted Funds Funds Total 2023 Fixed Assets Net Current Assets 2,787 86,395 5,999 58,077 8,786 144,472 89,182 64,076 153,258 Unrestrirted Restricted Funds Funds Total 2022 Fixed Assets Net Current Assets 3,715 74,566 381 56,421 4,096 130,987 78.281 56,802 135,083 16. FINANCIAL COMMITMENT No contratts had been placed for future capital expenditure at the balance sheet date 17. LIABILITY OF MEMBERS Homeplus Nl Ltd is a company limited by guarantee and does not have a share capital. It is governed bv a Memorandum and Articles of Association and the liability of member s is limited to 3n arnount not exceeding £1. 18. ULTIMATE CONTROLLING PARTY There is no ultimate controlling party. 19. ETHICAL STANDARDS In common with many other organisations of our size and nature, we use our independent examiner to prepare and assist in the preparation of the financial statements. 20. RELATED PARTIES There were no related party transactions during the year {2023." £Nill. 30IP3ge