HOMEPLUS NI LTD {A COMPANY LIMITED BY GURANTEE) Trustees Annual Report and Unaudited Financial Statements for the year ended 31 March 2024 Registered Charity in Northern Ireland (NIC100730) Company Registration Number N1058306 Page I I
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) Financial Statements Year ended 31 March 2024 Contents CHARITY REFERENCE AND ADMINisfRATIVE DETAILS.............. TRUSTEES, ANNUAL REPORT (INCLUDING DIREcfoRS' REPORT AND STRATEGIC REPORT)...................... TRUSTEES OFTHECHARfTY..................................................................................................................... REFERENCE AND ADMINisfRATIVE DEfAILS ....................................--..................................................... STRUCTURE AND MANAGEMENT............................................................................................................. DESCRIPTION AND PURPOSE..................------.-...........-..-.............-......................---.................................. ACTIVITIES AND OBJEcfivES........... ACHIEVEMENTS AND PERFORMANCE....... PUBLIC BENEFIT sfATEMENT................... .................-.....................-----.---................................................ FENANCIAL REVIEW.....- -......--- .......-.....-----...............................-..-.-...............----..--.-.-...... ........................ GOING CONCERN......................-.......... RESERVES POUCY........................................................ ................-...--...................................................... RESPONSIBIUTIES IN RESPEcf OFTHE FINANCIAL sfATEMENTS..........-............ ...--..-........................... RISK REVIEW........-................-.-................-.-.---.-........................ . .......-.................-..--.-.-.....................-....10 FURTURE PLANS......... ............................................................-.........................................-.........-...........10 INDEPENDENT EXAMINERS REPORT..-.--....................................................................................................12 srATEMENT OF FINANCIAL ACTIVITY (INCLUDING INCOME AND EXPENDuRE ACCOUKn .................14 BALANCE SHEET..........-................-..................._.-.--.-...............-............-....................... ..15 NOTESTO THE ACCOUNTS..............................-..........................................................................,..,............17 21Page
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) Year ended 31 March 2024 CHARITY REFERENCE AND ADMINISTRATIVE DEfAILS 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 31Pège
HOMEPLUS NI LTD {A COMPANY LIMITED BY GUARANTEE) TRusfEES REPORT Year ended 31 March 2024 TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS. REPORT AND STRATEGIC REPORT) The Trustees who are also directors for the purposes of company law present their report and the unaudited financial statements of the charity for the year ended 31st March 2024. The directors have adopted the provisions of the Statement of Recommended Prattice (SORP) "Accounting and Reporting by Charitie5 ' (FRS102 Settion IA) in preparingthe 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 Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard 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 governing document, the Charities Att (Northern Ireland} 2008, Charities Act (Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland} 2015, Companies Art 2006 and UK Gener311y Accepted Prattl. TRUSTEES OF THE CHARITY The d1CtorS of the charitsble company are its trustees forthe 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 DETAILS The registered name of the charity is HoTneplus Nl Ltd, charity registration number: NIC I(h3730 and company number: Nl 058306 Trustees Mr Philip Boomer Mr Sean P Conlon Mr Kyle Heffernan Company Secretary Ms Margaret Henry Manager Mr S Smith 41Page
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT {conVd) Year ended 31 March 2024 Registered Office 113 University Street Belfast 8T7 IHP Independent Examiner Hopper & Co Chartered Accountsnts and Registered Auditors 6 Doagh Road Ballyclare Co Antrim BT39 9BG Bankers Danske Bank Donegall Square West Belfast BTI 6JS STRUCTURE AND MANAGEMENT The company was established under a Memorandum of Association which established the objetts and powers of the charitable company and is govemed under its Articles of Association. The Board is responsible for the governance of the charity- The trustees delegate the running of the organisation to the manger. withln a framework of delegated authority. The Board meets approximately every two months. DESCRIPTION AND PURPOSE Homeplus Nl is a charity working with people who sleep rough in Belfast, and people who are homeless or in danger of becoming homeless. We provÈde an Outreach Servi for all Rough Sleepers, a daily Drop-In/Advice Centre specifically for homeless and destitute foreign nationals asylum seekers. refugees and those who have been excluded from other *rvices. We also have a women's centre for mothers and their children from an Asylum seeker background. ACtIVlTIES AND OBJECTIVES 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 homelessness, 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 51Page
(A COMPANY UMITED BY GuARA[EEl TRUSTEES REPORT (conyd) Year ended 31 March 2024 Homeplus Nl is a charity 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 services for those suffering from alcoholism or addiction to drugs or other substances, or who are in need of such assistance due to their young age, poor health or financial need on terms appropriate to their means; and the provision of street outreach services to rough sleepers and 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, particularlythose with complex needs. We seek to identify new or changing outreach/accommodation/support needs of disadvantaged groups or individuals and work to develop pmjects to meet those needs Wision Statement That no one should have to sleep rough because of lack of appropriate accommodation and/or 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 Se1$ and appropriate levels of support to enable them to maintain accommodation; We believe that everyone has the right to be treated with dignity and respert at all times. We believe in treating all homeless persons equally; We believe in promoting neutral. non-settarian. non-political servi5 to all areas of Belfast regardless of polltical divide" and We believe that individuals who are 'roofless' should have 24-hour support and practical help. Aims To identify gaps in service provision for rough sleepers and develop seniices to meet those needs," To increase awareness among ststutory agencie5. the general public and politicians, about the reality of homelessness, particularly rough sleeping and associated problems. HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE) TRUSTEES REPORT (conyd) Year ended 31 March 2024 To work in partnership with other agencies to influence those in authority to develop strategies 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 rent achievements for 23/24 have included.. Securing funding to purchase new all electric vehicle for Outreach. Providing Street Outreach Servi to over 2900 contscts last year. In our Drop-in centre/AdvI Centre. over the past year we assisted over 6851 individuals. We have delivered our Women's Centre for mothers and their children in the building, providing health and wellbeing classes, English classes. sewing classes, arts and crafts and a quiet places for children to do their homework. Over the past year we have recruited 7 new volunteer Servi users for our Advice Centre, and over 30 new women volunteers for our Women's Centre, from over 20 different countries and over 6 religious backgrounds across 6 continents. We held a cultural tslebration day in Girdwood Community Centre in September 2023, with over 500 people attending, with food, music, fashion, and storytelling from over 8 countries. Another key achievement is that several of the asylum seeker children were trained last year to be GAA coaches by East Belfast GAA. We held different cultural celebrations as requested by clients for Christmas. Ramadan. Easter, and St Patriclds day. We secured funding from Lfor a salary for a cook We have developed ourweekly social supermarket from a pilot project to a longer term one, funded by Belfast City Council, and in the past year we have been helping up to 15 local families per week. which enabled them to get food essentials (bread, mill soup, meat. vegetables. etc.) so that they could provide healthy meals for themselves and their families, as well as lunches for their children going to school. We have also delivered food parlS for tho* who are elderly or incapacitated, and can't leave their homes. We provided trips for mothers and children to our large allotment. Women from the centre really appreciated this as it allowed them to plant and harvest fruit and vegetables they like from their own country. The East Belfast cycling trainers taught our women how to cycle every Wednesday. We had another residential trip to Corrymeela for three days with 60 people attending on the 14th _ 17th of July 2023. We continued to participate in interagency forums. committees and steering groups to influence those in authority to improve ac5$ to healthcare, welfare and accommodation for our client groups We have developed new working relationship5 With Greggs, Fareshare, Makro and other groups such as Beyond Skin. Whiterock children centre and St Wincent De Paul. 71 Page
HOMEPLUS NI LTD (A COMPANY UMITED BY GUARANTEE) TRUSTEES REPORT (convd) Year ended 31 March 2024 We have continued hot Halal mea15 and vegan options in our Drop-ln Centre 3 days per week and food parcels Tuesdays and Thursdays for our BME service user5 We facilitated the Muslim communityto use our Dropln Centre for Ramadan where they cooked for breaking the fast in the evening and for service users during the day. We facilitated wakes in our buildingforfamilies and friends of people who died in Africa and countries in Asia, mostly people from the Muslim community. We increased our supply of food donations through partnerships wrth organisations such as ASDA, Greggs, Foodcloud and Fareshare. PUBLIC BENEFrr srATEMENT The Board of Homeplus Nl Ltd confirm that they h3ve had.due regard forthe guidance prodUd 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 benefrts through the programmes and service5 we offer. In particular, the directors consider how planned attivities will contribute to the aims and objectives they have set out. Publlc Benefjts: The relief of poverty by providing Street Outreach, Drop-ln Cent, on-call Service and emergency accommodation services forthose who are homeless. The relief of sickness through the provision of first ald. Naloxone, and other Outreach serv ices. The advancement of education and training. FINANCIAL REVIEW The charity, s incoming recourse for the year amounted to £211.745 (2023: £263,406}. Principal sources of funding are from grants and donations. The outgoing expenditure for the year amounted to £240,866 (2023 £245,231) The net outgoings for the year amounted to £36.138 {2023.' incoming £18,175). The Charity is extremely grateful to all its grant funders. without whose support Homeplus would not be able to run a number of its activities. 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 subjett to the continuing support from members to fund on an ongoing basis the trustee's current activitie5 and other financial commitments.
HOMEPLUS NI LTD (A COMPANY UMITED BY GUARANTEE) TRUSTEES REI>ORT (coned) Year ended 31 March 2024 RESERVES POUCY 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 policy of the Trustees to hold between two and six month's normal expenditure, this equate to between £5.226 and £15,679. At the year-end unrestricted free reserves were £75,498 which represents a higher level of reserves. The Trustees, however, consider it prudent to hold reserves at thi5 level as the funding of its present activities is dependent of the ongoing financial support of tts funders. RESPONSIBILITIES IN RE5PEcf OF THE FINANCIAL sfATEMENTS The trustees (who are also the direttors of Homeplus Nl Ltd for the purpose5 of company law) are responsible for preparing the Directors ' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Prattice)- 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 application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements. the directors are required to: select suitable accounting policies and then apply them consistentl observe the methods and principles in the Charities SORP 2019 (FR5102); make judgements and accounting estimates that are reasonable and prudent" state whether applicable UK Accounting Standards have been followed, subject to any material departure5 disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charitable company will continue to operdte. The directors are responsible for keeping adequate accounting records that disc105e 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 Act (Northern Ireland) 2008 and Charities Act (Northern 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 detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the charitable company and financial information included on the charitsble company's website. Legislation in the Unrted Kingdom governing the preparation and dissemination of tinancial statements may differfrom le8i51ation in other jurisdittions.
HOMEPLUS NI LTD (A COMPANY UMrrED BY GUARANTEE) TRUSTEES REPORT (conyd) Year ended 31 March 2024 RISK REVIEW A review of major risks has been undertaken bythe 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 ongoingfinancial 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 2023/2024 To secure funding for staff to run our Social Supermarket. and for ongoing revenue costs To further develop our Drop-in centre to provide more support to local rough sleepers and those at risk of becoming homeless. To continue to develop and improve links with other agencies such as Food Banks. To develop our volunteer resources to include collerting and distributing food donations. To be represented on steering groups dealing with racial h3rassment among migrant communities. To identify and provide relevant training for our staff and volunteers, particularly in the area of drug overdosing To develop our Social Supemiarket to assist over 20 households with food and depending on donations provide other household essentials such as cleaning detergents. To further integrate asylum seekers, refugees and migrant workers into the community by our allotment and volunteer opportunities. Explore altemative means of funding and keep up-to-date with new programmes and funding opportunities. To increase support for single male asylum seekers through the U of WhatsApp eg. offering them advice on sexual health and accessing them appropriate services. To explore and act on opportunities to secure extra funding through Gift Aid. Develop better administration for obtaining and dealing with Gift Aid donations. Disclosure of Infomiation to Independent Examiner So far as each of the directors in office at the date of approval of these financial 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 for the independent examination and to establish that the charitsble company's independent examiner is aware of that information. IOIPag"
HOMEPLUS NI LTD (A COMPANY UMrrED BY GUARANTEE) TRUSTEES REPORT (convd) Year ended 31 March 2024 Small Companies. Exemption This report has been prepared in accordance with the special provisions relating to small companie5 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 3 meeting on and signed on its behalf by: Mrsean P Conlon Director & Trustee IIIPage
HOMEPLUS NI LTD (A COMPANY LIMrrED BY GUARANTEE) INDEPENDEKfEXAMINERS REPORT Year ended 31 March 2024 INDEpENDEr EXAMINERS REPORTTO 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 2024 which are contained within the 2024 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 Att (Northern Ireland) 2008. Homeplus NE Ltd's trustees consider that an audit is not required under section 65(2} (audit) of the Charities Act (Northern Ireland) 201k8 forthe year and that an independent examination under sertion 64(1) of the Charities Act (Northem 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 examiner'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 unusual items or dlsdosures 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 an audit opinion on the view given by the financial statements. Independent examiner's statement In the course of my examination. no matter has come to my attention: (l) which gives me reasonable cause to believe that in any material respett the requirements: to keep proper accounting records in accordance with Section 63 of the charities Act (Northern Ireland) 2008, and to prepare financial statements which accord wrth the accounting records in accordance with Sertion 64 of the Charities Act (Northern Ireland) 2008 have not bn met; or 121Page
(2) to which. in my opinion, attention should be drawn in order to en3ble a proper understanding of the financial statements to be reached. S Hopper FCA Partner Hopper & Co 131Page
HOMEPLUS NI LTD {A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL AcfiviTY (INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2024 Note Unrestricted Funds Restricted Funds Total 2024 Total 2023 Income from: Donations and legacies Investment Income Other 19,088 192,657 211,745 263,406 Total Incorne 19,088 192,657 211,745 263,406 Expenditure on: Charitable activities 31,358 209.508 240,866 245,231 Total Expenditure 31.358 209,508 240,866 245,231 Net Income Transfers between funds (12.270) 6,737 (16.851) 129,121) {6,737} 18,175 Net movement in funds Funds brought fonmard (5,533) 89.182 (23,588) (29,121) 64,076 153,258 18,175 135,083 Funds carried forward 16 83,649 40.488 124.137 153,258 All income and expenditure derive from continuing activities. The statement of financial activities includes all gains and losses recognised during the year. 141 Pa
HOMEPLUS NI LTD (A COMPANY UMrrED BY GUARATrtrEE) BALANCE SHEEr As at 31 March 2024 Note 2024 2023 Fixed Assets Tangible Fixed Assets Totsl fixed assets 10 35,691 35,691 8,786 8,786 Current Assets Debtors Cash and cash equivalerits Total current assets 11 15374 82,668 98,042 12.013 145,092 157,105 Creditors- amounts falling due within one year Total creditors 12 9,596 9.596 12,632 12,632 Net Current Assets 144,473 Totsl net Assets 124,137 153,258 Funds of the charity Unrestrfcted funds Gener31 funds 14 83,649 83,649 89,182 89,182 64,076 Total unrestricted fvnds Restricted Funds 15 Totsl charityfunds 124.137 153,258 For the year ending 31 March 2024 the company wa5 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 subjert to the small companies, regime. 151Poge
These financial statements were approved by the board of directors and authorised for issue on and are signed on behalf of the board by: Mr Sean P Conlon Director & Trustee The notes on pages 18 to 29 form part of these financial statements. Company Registration Number- Nl 058306 161Pag"
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARAKfEE) NOTESTO THE ACCOUNTS for the year ended 31 March 2024 I. ACCOUNTING POLICIES General information and basis of preparation Homeplus Nl Ltd is a charitable company limited 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 estsblished 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 standard5, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Repolting Standard applicable in the UK and Republic of Ireland issued in Ortober 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102 Section IA), the charity's governing docurr]ent, the Charities Art (Northern Ireland) 2008, Charities Att (Northern Ireland} 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland} 2015, Companies Act 2006 and UK Generdlly Apted Prartice. The financial statements are prepared on a going concern basis under the historical c05t 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 direttors consider that these policies are suitable. have been conslstently applied and are supported by reasonable and prudent judgements and estimates. FUND ACCOUNTING The charity ha5 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) venue donations or grants for a specific charitable activity 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 bas15. 171P3ge
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEEI NOTESTO THE ACCOUNTS {cont'd) 31 March 2024 Unrestricted funds are funds which are expendable at the discretion of the Charity in furtherance of its objettives. In addition to expenditure on activities such funds may be held in order to finance capitsl investment and working capital. 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 and this requires a level of performance before entitlement can be obtained, then income 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. Income from government and other grants are recognlsed at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be rnea5ured 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 reiVed 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 headlngs provided within the SOFA. (i) Incoming resour with related expenditure Where incoming resources have related expenditure (as with Insuran proceeds) the incoming resources and related expenditure are ported gross in the SOFA. 181Pago
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARAKfEE) NOTES TO THE ACCOUNTS (convd) 31 March 2024 (li) Grants and donations Grants and donations are only included in the SOFA when the charity has uncondttional entitlement to the resources. Tax reclaims on donations and glfts 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 Performan related grants This is only included In the SOFA once the related goods or services have been delivered. (v) Gifts In kind Gifts in kind are accounted for at a reasonable estimate of theirvalue 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. (vi) Donated services and facilities These are only included in incoming resour5 (with an equivalent amount in resources expended} where the benefit to the charity is reasonably quantif13ble, measurable and material. The value place on these resources is the estimated value to the chartty of the seNice or facility received. (vii) Investment income This is included in the accounts in the period to which it relates. {viil) Investment gains and losses This includes anygain or Ioss on the sale of investments and anygain 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 sekvice expenses, and an apportionment of support costs; Other expenditure represents those items not falling into the categories above. 191Page
HOMEPLUS NI LTD {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (conyd) 31 March 2024 (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. {ii) Govemance costs These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. Grants with performance conditions Where the charity gives a grant with conditions for its payment 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 5eNice or output. (iv) Grants payable without perforniance 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 repsent charitable 3ttivities 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 particu12r headings, they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Premi5e5 overheads have been allocated on a basis consistent with the use of the resources. Staff costs and other overheads have been allocated based on time spent. per capita and artivity. Employee benefits When employees have rendered service to the charity, sholt-term employee benefit5 to which the employees are entitled are recognised 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. 20IPage
HOMEPLUS NI LTD (A COMPANY UMITED BY GUARANTEE) NOTES TO THE ACCOUNTS {conYd) 31 March 2024 ASSErs {1) Tangible Fixed Assets The cost of tangible fixed assets is their purchase cost. together wrth any incidental costs of acquisition. Depreciation is calculated so as to write 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 a55et5 concerned. The principal annual rates used are as follows: Fixtures and fittings Motor vehicles 25% Straight line 25Yo Reducing balance In accordance with FRS102, assets under construttion 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 its net book value, the asset 15 written down to the recoverable figure and the10ss on impainTJent is recognised in the SOFA. {li) Investments 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. 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 comp2ny benefits from various exemptions afforded by tax legislation. It is therefore not liable to corporation tax on income or gains falling due within those exemption5. 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 from authorising these financial statements. The budgeted income and expenditure is sufricient with the level of reserves forthe charity to be able to continue as a going concern. Judgements and key sources of estimation unrtaInty The following judgements including those involving estirnates have been made in the process of applying the above accounting policie5 that have had the most significant effect on the amounts recognised in the financial statements and that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year". 211Page
HOMEPLUS NI LTD (A COMPANY UMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (cont'd) 31 March 2024 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 2024 Donations and gifts Grants 19.088 10.958 181,699 30,046 192,189 19,088 192,657 211,745 Unrestricted Restricted Fund5 Funds Total 2023 Donations and gifts Grants 11,983 1,000 250,423 12,983 250,423 20.563 177.926 263,406 221Page
HOMEPLUS NI LTD (A COIVIPANY UMrrED BY GUARAwfEE) NOTES TO THE AccouKfs (conVd} 31 March 2024 Grants Receivable Restricted Funds: 2024 2023 Cash Kids TEO Homeless Connect LFT Socialsm The National Lottery Tudor Trust Ulster Garden Villages Limited 5,300 44,896 45,000 3,469 5,000 9,820 118,410 16,800 146,883 30,000 6,544 181,699 250,423 3. INVESTMENT INCOME Unrestricted Funds Restricted Funds Totsi 2024 Total 2023 Deposit interest 4. OTHER INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Other Income 231page
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) NOTESTO THE ACCOUNTS (cont'd) 31 March 2024 5. CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total 2024 Total 2023 Employment Costs Direct Costs Establishment Costs Repairs and Maintenance Loss on Disposal of Fixed Assets Depreciation Sundry Expenses Governance costs (note 61 9,157 12,430 2,887 137,519 33.806 18,978 5,287 146,676 46,236 21,865 5,571 3,309 3,112 11,697 2.400 151,427 38,514 15,720 6,029 3,309 1,002 2,289 2,110 9,408 2,400 1,294 29,847 2.400 31,358 209,508 240,866 189,600 6. GOVERNANCE COSTS Unrestricted Funds Restricted Funds Total 2024 Totsl 2023 Independent Examination fees 2,400 2,400 2,400 2,400 241p2ge
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) NOTE5 TOTHEACCOUNTS (cont'd) 31 March 2024 7. EMPLOYEES Employment Costs Totsi Funds 2024 Total Funds 2023 Wages and Salaries (including social security) 138,913 145,129 138,913 145,129 Number of Employees The average number of employees expressed as fvll-time equivalents, during the year was; Total 2024 Total 2023 Average number of employees No Employees received total employee benefits (excluding pension costs) of more than £60,000 8. PENSION COSTS The contributions made by the trustees to staff pension schemes during the year were. Total Funds 2024 Totsl Funds 2023 Contributions 5.260 4,899 9. TAXATION The charity is a registered charity, and as such is entitled to certain tax exemptions on income and profits from investments, and surpluses on 3nytrading activities carried out in the furtheran of the charity's primary objectives. if these profits and surpluses are applied solely for charFtable purposes. The charity is not registered for VAT and, accordingly, all their expenditure is inclusive of any VAT incurred. 251 Pas>e
HOMEPLUS NI LTD (A COMPANY UMITED BY GUARATEEl NOTES TO THE ACCOUNTS (cont'd) 31 March 2024 10. TANGIBLE FIXED ASSErs Fixtures Motor Vehicles Fittings Total Cost At beginning of the year Additions Disposals At end of the year 7,550 30,295 {10,550) 27,295 9,629 5,031 17,179 35,326 (10.5501 41,955 14,660 Depreciation At beginning of the year Depreciation Disposals At end of the year 4,763 642 (4,763) 642 3,630 1,992 8,393 2,634 (4,763) 6,264 5,622 Net book value at beginning of the year Net book value at end of the year 2,787 26.653 5,999 9,038 8,786 35,691 11. DEBTORS 2024 2023 Prepayments and accrued income 15,374 12,013 12. CREDITORS 15,374 12,013 2024 2023 T3xation and soci31 security Accruals Creditors Bank Overdraft 3,294 3.319 2,973 io 9,596 3,227 3,221 6,174 io 12,632 261Page
HOMEPLUS NI LTD {A COMPANY UMITED BY GUARANTEE) NOTES TO THEACCOUNTS (convd) 31 March 2024 13. CONTINGENT LIABILITIES The charitable company has a contingent liabilityto repay grants received if the company fails to comply with certain conditions stipulated in the letter of offer and terms and conditions of contract under which the grants were paid. The directors do not expett any claims to be made in this respect. 14. FUND BALANCES Fund Balan at start Income Expenditur SuYplu5 / {Deficit) Transfer Balance at end Unrestricted Funds General fund 89.182 19.088 (31.358) (12.270) (31,358) (12.270} 6,737 83,649 89,182 19.088 Restricted Funds Cash Kids CFC Donations Asda Garfield Weston Foundation Halifax Homeless Connect John Moore LFT OFM DFM SA WA Funder5 Shorts Bombardier social Supermarket Tudor Trust The National Lottery VSB Ulster Garden Willages 6,737 83,649 8.490 2,(KlO 1.905 3,066 1,368 1,933 8,490 (3,905) (1.905) (6) 3.528 250 {1,118) (1,934) (3,391) (28) (5,774) (46,436) {1,118) (1,934) 78 3,469 28 4,995 1,432 142 5,lJOO 45,000 (774) 11.436) 4,221 8,664 2.510 31.571 9,820 (4,886) (2,5101 (132,985) (14.575) (6,541) 4,934 {6,737) 6,861 118.410 16,996 (6.541) 64.076 192,657 (209.508) (16.851) (6,737) 40,488 Total 153,258 211,745 (240.866) (29,121) 124.137 271Page
HOMEPLUS NI LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (cont'd) 31 March 2024 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrirted Restricted Funds Fund5 Total 2024 Fixed Assets Net Current Assets 8,151 75,498 27,540 12,948 35.691 88,446 83.649 40.488 124.137 Unrestricted Restricted 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 16. FINANCIAL COMMITMENT No contracts had been placed for future capital expenditure at the balan sheet date 17. LIABIUTYOF MEMBERS Homeplus Nl Ltd 15 a company limited by guarantee and does not have a share capital. It is governed by a Memorandum and Article5 of Association and the liability of member s is limited to an amount not exceeding £1. 18. ULTIMATE CONTROLLING PARTY There 15 no ultimate controlling party. 19. EfHICAL 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 staternents. 20. RELATED PARTIES There were no related party transactions during the year (2024: £Nil). 281Page