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 EXPEND￿uRE 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 d1￿CtorS 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 Se￿1￿$ 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 servi￿5 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 re￿nt 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 L￿for 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 par￿lS 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 ac￿5$ 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 prodU￿d 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
INDEpENDE￿r 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 b￿n 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 A￿pted 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 re￿iVed 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 resour￿5 (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 rep￿sent 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 un￿rtaInty
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 GUARA￿TEEl
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