HOMEPLUS NI LTD
(A COMPANY LIMITED BY GURANTEE)
Trustees Annual Report and Unaudited Flnancial Statements
for the year ended 31 March 2025
*AEHYW7T*
2211212025
COMPANIES HOUSE
A23
#28
Registered Charity in Northern Ireland (NIC100730)
Company Reglstration Number N1058306
Pa8ell

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
Financlal Statements
Year ended 31 March 2025
Contents
CHARITY REFERENCE AND ADMINISTRATIVE DETAILS..............................................................
TRUSTEES, ANNUAL REPORT (INCLUDING DIREcfoRS' REPORT AND STRATEGIC REPORT) ..
TRUSTEES OF THE CHARITY.....
REFERENCE AND ADMINISTRATIVE DETAILS...
STRUCTURE AND MANAGEMENT.....................................
DESCRIPTION AND PURPOSE................................ .
AcfiviTIES AND OBJECTIVES......................... ....
ACHIEVEMENTS AND PERFORMANCE..
PUBLIC BENEFIT STATEMENT.......... .
FINANCIAL REVIEW....
GOING CONCERN.
RESERVES POLICY...................................
RESPONSIBILITIES IN RESPEcf OFTHE FINANCIAL STATEMENTS...........................................................
RISK REVIEW........................................ .
.10
FURTURE PLANS.....................................
.10
INDEPENDENT EXAMINERS REPORT......................................
.12
STATEMENT OF FINANCIAL AcfiviTY IINCLUDING INCOME AND EXPENDITURE ACCOUNT) ................. 14
BALANCE SHEEr...................
.15
BALANCE SHEEr...................... .
.16
NOTES TO THE ACCOUNTS......
.17
2jPage

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
Year ended 31 March 2025
CHARITY REFERENCE AND ADMINISTRATIVE DETAILS
Charlty Registration Number
NIC 100730
Company Re8iStration Number
NI 058306
Trustees
Mr Philip Boomer
Mr Sean P Conlon
Mr Kyle Heffernan
Company Secretary
Ms Margaret Henry
Manager
Mr S Smith
Re8iStered Office
113 Unlversity Street
Belfast
BT7 IHP
Independent Examiner
Hopper & Co
Chartered Accountants and Registered Auditors
6 Doagh Road
Ballyclare
Co Antrim
8T39 9BG
Bankers
Danske Bank
Donegall Square West Belfast
BTI 6JS
31Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT
Year ended 31 March 2025
TRUSTEES. ANNUAL REPORT (INCLUDING DIRECTORS, REPORT AND STRATEGIC REPORT)
The Trustees who are also directois for the purpose5 of company law present their report and the
unaudited financial statements of the charity for the year ended 31st March 2025. The directors have
adopted the provisions of the Statement of Recommended Practice {SORP) "Accountin8 and Reporting
by Charities ' (FRS 102 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 Recommended Practlce applicable to charities preparing their accounts in
accordance with the Financial Reporting 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 IFRS 102 Section IA), the charity's governing document, the Charities Act (Northern Ireland)
2008, Charities Act (Northern Irelandl 2013, The Charities (Accounts and Reports) Regulations
(Northern Ireland) 2015, Companies Act 2006 and UK Generally Accepted Practice.
TRUSTEES 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 DETAILS
The registered name of the charity is Homeplus Nl Ltd, charity registration nurnber: NIC 100730 and
company number: Nl 058306
Trustees
Mr Philip Boomer
Mr Sean P Conlon
Mr Kyle Heffernan
Company Secretary
Ms Margaret Henrv
Manager
Mr S Smith
41 Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT (cont'd)
Year ended 31 March 2025
Registered Office
113 University Street
Belfast
BT7 IHP
Independent Examiner
Hopper & Co
Chartered Accountants and Re8iStered Auditors
6 Doagh Road
Ballyclare
Co Antrim
BT39 98G
Bankers.
Danske Bank
Done8all Square West Belfast
BTI 6JS
STRUCTURE AND MANAGEMENT
The company was established under a Memorandum of Association whlch established the objects and
powers of the charitable company and is governed under its Article5 of Associatlon.
The Board 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 working with people who sleep rough in Belfast, and people who are homeless
or in danger of becoming homeless. We provide an Outreach service 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 services. We also have a women's centre for
mothers and their children from an Asylum seeker background.
AcfiviTIES AND OBJECTIVES
Homeplus Nl was established as a Charity in September 2000, by a group of concerned individuals who
had extenslve experience and a practical working knowledge of the problems associated with
hornelessness, 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.
5 IPage

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT (convd)
Year ended 31 March 2025
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 servlces 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 organlsation established to meet immediate accommodation, prartical 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
V15ion 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 8ood
quality accommodation when required;
We believe that everyone should have the right to relevant servlces and appropriate levels of
support to enable them to maintain accommodation;
We believe that everyone has the right to be treated with dignity and respect at all times;
We believe in treating all homeless persons equally;
We believe in promoting neutral, non-sectarian, non-political services to all areas of Belfast,
regardless of political divide. and
We believe that individuals who are 'roofless' should have 24-hour 5UPPOrt and practical help.
Aims
To identify gaps in service provision for rough sleepers and develop services to meet those
needs;
To increase awareness among statutory agencies, the general public, and politicians, about the
reality of hornelessness, particularly rough sleeping and associated problems;
61Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEEI
TRUSTEES REPORT (convd)
Year ended 31 March 2025
To work in partnership with other agencies to influence those in authority to develop strategies
and adapt effective policies to alleviate hornelessness, 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 servlces.
ACHIEVEMENTS AND PERFORMANCE
Homeplus recent achievements for 23124 have included:
Securin8 funding to purchase new all electric vehicle for Outreach.
Providing Street Outreach service to over 2900 contacts last year.
In our Drop-in Centre/Advice Centre, over the past year we assisted over 6851 individuals.
We have delivered our Women's Centre for mothers and their children in the buildin8, providin8
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 service 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 celebration day in Girdwood Community Centre in September 2024, 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 Patrick's day.
We secured funding from LFT for a salary for a cook
We have developed our weekly social supermarket from a pilot project to a longer term one,
funded by Belfast City Council, and in the past year we have been helpin8 UP to 15 local families
per week, which enabled them to get food essentials (bread, milk, soup, meat, vegetables, etc.)
so that they could provide healthy rneals for themselves and their families, as well as lunches for
their children going to school. We have also delivered food parcels for those who are elderly or
incapacitated. and can't leave their homes.
We provided trips for mothers and chlldren 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
Ih
another residential trip to Corrymeela for three days with 60 people attending on the 14 17
of July 2024.
We continued to participate in interagency forums, committees and steering groups to influence
those in authority to improve acce55 to healthcare, welfare and accommodation for our client
groups
th
71 Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT (convd)
Year ended 31 March 2025
We have developed new working relationships with Greggs, Fareshare, Makro and other groups
such as Beyond Skin, Whiterock children centre and St Vincent De Paul.
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 facilitated the Muslim communlty to use our Drop-ln 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 building for families and friends of people who died in Africa and
countrles In Asla, mostly people from the Muslim community.
We increased our supply of food donations through partnerships with organisations such as
ASDA, Gre88s, Foodcloud and Fareshare.
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 durlng the
year the charitable company has continued to provide public benefits through the
pro8rammes and services we offer. In particular, the directors consider how planned activities will
contribute to the aims and objectives they have set out.
Public Benefits:
The relief of poverty by providing Street Outreach, Drop-ln Centre, on-call service and
ernergency 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 trainin8.
FINANCIAL REVIEW
The charity, s incoming recourse for the year amounted to £215,225 (2024: £211,745). Principal sources
of funding are from grants and donations. The outgoing expenditure for the year amounted to £233,148
(2024 £234,116) The net outgoings for the year amounted to £17,923 (2024: outgoing £22,371).
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
81 Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT {conVd)
Year ended 31 March 2025
subject to the continuing support from members to fund on an ongoing basis the trustee's current
activities and other financial commitments.
RESERVES POLICY
The Trustees have considered the level of unrestricted reser4es that it is appropriate to hold taking
account of current and ongoing commltments. It is the policy of the Trustees to hold between two and
six month's normal expenditure, this equate to between £2,943 and £8,830. At the year-end
unrestricted free reserves were £80,939 which represents a 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 ongoin8 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 preparin8 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 requlres the dlrectors to prepare financial statements for each financial year which give
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 consistently;
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 going 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 Act (Northern Ireland) 2008 and
Charities Act (Northern Ireland) 2013 and Charities (Accounts and Reports) Regulation5 (Northern
Ireland) 2015. They are also responsible for safeguarding the assets of the charitable company and
hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities.
91Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT (convd)
Year ended 31 March 2025
The directors 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 preparatlon and dissemination of financial statements may differ from le8islation in other
jurisdictions.
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 variou5 activities of the charity at stated
meetin85 and by reviewin8 available fundlng streams.
FURTURE PLANS
Objectives for 2024/2025
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 becomin8 homeless.
To continue to develop and improve links wlth other agencies such as Food Banks..
To develop our volunteer resources to include collecting and distributing food donations.
To be represented on steering groups dealing wlth racial harassment amon8 migrant
communities.
To identify and provlde relevant trainin8 for our staff and volunteers, particularly in the area of
drug overdosing
To develop our Social Supermarket to asslst 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 alternative means of funding and keep up-to-date with new programmes and funding
opportunities.
To increase support for single male asylum Seekers through the use 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.
IOIPage

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT Iconvd)
Year ended 31 March 2025
Disclosure of Information 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 charltable 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 charitable company's independent examiner is aware of that information.
Small Companies, Exemption
This report has been prepared in accordance with the special provisions relatin8 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-electlon
will be proposed at the folthcomin8 Annual General Meeting.
Approved by the trustees at a meeting on
and signed on its behalf bv:
Mr Sean P Conlon
Director & Trustee

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINERS REPORT
Year ended 31 March 2025
INDEPENDENT EXAMINERS REPORTTO THETRUSTEES 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 2025 which are
contained within the 2025 Annual Report.
Re5pertive responsibilities of trustees and Independent examlner
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 65(2) laudit) of the
Charities Act (Northern Ireland) 2008 for the year and that an independent examination under section
64(11 of the Charities Act (Northern Irelandl 2008 is required.
It is my responsibility to:
examine the accounts
to state whether particular matters have come to my attention.
Basls of Independent exarniner'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
disclosures in the financial statements, and seeking explanations from the trustees concernin8 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'5 Statement
In the course of my examination, no matter has come to my attention:
{1) which gives me reasonable cause to believe that in any material respect the requirements:
to keep proper accounting records in accordance wlth Section 63 of the charities Act (Northern
Ireland) 2008, and
to prepare financial statements which accord with the accounting records in accordance with
Section 64 of the Charities Act {Northern Ireland) 2008 have not been met. or
121Page

{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
131Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL AcfiviTY (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
for the year ended 31 March 2025
Note
Unrestrirted
Funds
Restricted
Funds
Total
2025
Total
2024
{Restated)
Income from:
Donations and legacies
Investment Income
Other
21,756
193,469
215.225
211,745
Total Income
21,756
193,469
215,225
211,745
Expendlture on:
Charitable activities
17,696
215,452
233,148
234,116
Total Expendlture
17,696
215,452
233,148
234,116
Net Income
Transfers between funds
4,060
(6,848)
(21,983) 117,9231 {22,371)
6,848
Net movement in funds
Funds brought fon4vard
(2,788)
90,399
(15,1351 (17,923> {22,371}
40,488
130,887
153,258
Funds carried forward
16
87,611
25,353
112,964
130,887
Ali income and expenditure derive frorn continuing activities.
The staternent of financial activities includes all gains and losses recognised during the year.
141Pa8e

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
As at 31 March 2025
Note
2025
2024
Fixed Assets
Tangible Fixed Assets
Total fixed assets
10
26,824
26,824
35,691
35,691
Current Assets
Debtors
Cash and cash equivalents
Total current assets
11
30,150
64,081
94,231
15,374
89,418
104,792
Credltors- amounts falllng due wlthln one year
Total credltors
12
8,091
8,091
9,596
9,596
Net Current Assets
86,140
95,196
Total net Assets
112,964
130,887
Funds of the charlty
Unrestrlcted funds
General funds
Total unrestricted funds
Restrirted Fund5
14
87,611
87,611
25,353
90,399
90.399
40,488
15
Total charity funds
112,964
130,887
For the year ending 31 March 2025 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 flnancial 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.
15 | Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
As at 31 March 2025
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 17 to 28 form part of these financial statements.
Company Registration Number: Nl 058306
161Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
for the year ended 31 March 2025
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 Mernorandum 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 appllcable accounting standards, Accounting and Reportin8 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 governing 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 flnancial statements are prepared on a going concern basis under the historical cost convention.
The financial statements are prepared in 5terlin8 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 con5iStently 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 la) incorne 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 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 basis.
171Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE}
NOTES TO THE ACCOUNTS (cont'd)
31 March 2025
Unrestrlcted 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 capital.
Designated funds are general funds set aside by the trustees for use in the future.
INCOMING RESOURCES
All incomin8 resources are included in the Statement of Financial Activities {SoFA) when the charity is
legally entitled to the incorne 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 writin8. 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 ba51S.
The charity receives grants in respect of support services. Income from government and other grants are
recognised 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 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.
Incornlng 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.
181 Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS (cont'd)
31 March 2025
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to
the resources.
Tax reclalrns on donatlons and 85ft5
Incoming resources from tax reclaims are included in the SOFA at the same tirne as the gift to which they
relate.
Contractual Income and performance related grants
This is only included in the SOFA once the related goods or services have been delivered.
Glfts In klnd
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 incomlng
resources when receivable.
(vi)
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.
Ivii) Investment Income
This is included in the accounts in the perlod to which it relates.
(viii) Investment gains and1055es
This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluin8
investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
All expenditure is accounted for on an accruals basis and has been classified under headings that
a88regate 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 service
expenses, and an apportionment of support costs;
Other expenditure represents those items not falling into the categories above.
191Page

HOMEPLUS NI LTD
IA COMPANY LIMITED BY GUARANTEÉ)
NOTES TO THE ACCOUNTS (cont'd)
31 March 2025
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.
Governance 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 wlth performance condltlon5
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 reco8nised in the SOFA once the recipient of the grant has provided
the specified service or output.
Grants payable wlthout performance condltlons
These are only recognised in the accounts when a commitment has been made and there are no
conditions to be met relatlng to the 8rant which remain in the control of the charity.
Support Costs
Support costs are those that assist the work of the charity but do not directly represent charitable
activities and include office costs, 8overnance 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 partlcular 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 overheads have been allocated based on time spent, per caplta and activity.
Employee benefits
When employees have rendered service to the charity, sholt-term employee benefits 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 re8lStered for VAT purposes, therefore expenditure is shown gross of VAT.
20IPa8e

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS (cont'd)
31 March 2025
ASSETS
Tangible 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 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 assets concerned. The
principal annual rates used are as follows:
Fixtures and fittings
Motor vehicles
25% Stralght line
25% Reducing balance
In accordance with FRS102, assets under construction are not depreciated until stsch 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 Is
written down to the recoverable fi8ure and the loss on impairment is reco8nised in the SOFA.
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 company benefits from various exemptions afforded by tax legislation. It is therefore
not liable to corporation tax on income or gains falling due within those exemptions. Recovery is made
of tax deducted from receipts under gift aid.
Golng concern
The financial statements have been prepared on a going concern basis a5 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 sufficient with the level of reserves for the charity to be able to continue as
going concern.
Judgements and key sources of estimatlon 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 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 LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS (cont'd)
31 March 2025
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
2025
Donations and gifts
Grants
21,756
3,000
190,469
24,756
190,469
21,756
193,469
215,225
Unrestricted RestrScted Funds
Funds
Total
2024
Donations and gifts
Grants
19,088
10,958
181,699
30,046
192,189
20,563
192,657
211,745
22 | Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
NOTESTO THE ACCOUNTS (cont'd)
31 March 2025
Grants Recelvable
Restricted Funds:
2025
2024
Cash Kids
TEO
John Moore
Homeless Connect
LFT
45,000
4,500
45,000
3,469
5,000
5.000
500
CFC
Socialsm
The National Lottery
Halifax
Garfield Weston
Ulster Garden Villages Limited
9,820
118,410
99,969
8,500
30,000
193,469
181,699
3. INVESTMENT INCOME
Unrestrlcted
Funds
Restrlcted
Funds
Total
2025
Total
2024
Deposit interest
4. OTHER INCOME
Unrestricted
Funds
Restrlcted
Funds
Total
2025
Total
2024
Other Income
231Page

HOMEPLUS NI LTD
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS (cont'd)
31 March 2025
5. CHARITABLE AcfiviTIES
Unrestricted
Fund5
Restrlcted
Funds
Total
2025
Total
2024
Employment Costs
Direct Costs
Establishment Costs
Repairs and Maintenance
Loss on Disposal of Fixed Assets
Depreciation
Sundry Expenses
Grants Repayable
Governance costs {note 6)
2.581
3,962
6,163
155,462
15,217
17,910
1,842
158,Q43
19,179
24,073
1,842
146.676 ._.
46,236
21,865
5,571
{3,441)
3,112
11,697
2,142
2,848
7,425
8,728
6,468
2,400
9,567
11,S76
6,468
2,400
2,400
17,696
215,452
233,148
234,116
6. GOVERNANCE COSTS
Unrestrlcted
Funds
Restricted
Fund5
Total
2025
Total
2024
Independent Examination fees
2,400
2,400
2,400
2,400
2,400
2,400
241Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS (cont'd)
31 March 2025
7. EMPLOYEES
Employment Costs
Total Funds
2025
Total Funds
2024
Wages and Salaries {includin8 social security)
158,043
138,913
158,043
138,913
Number of Employees
The average number of employees expressed as full-time equivalents, during the year was;
Total
2025
Total
2024
Average number of employees
No Employees received total employee benefits (excluding pension costs) of more than £60,000
8. PENSION COSTS
The contributlons made by the trustees to staff pension schemes durin8 the year were;
Total
Funds
2025
Total
Funds
2024
Contributions
6,067
5.260
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 any trading activities carried out in the furtherance of the
charity's primary objectives, if these profits and surpluses are applied solely for charitable purposes. The
charity is not registered for VAT and, accordingly, all their expenditure is inclusive of any VAT incurred.
251Page

HOMEPLUS NI LTD
IA COMPANY LIMrrED BY GUARANTEE)
NOTE5 TO THE ACCOUNT5 (cont'd)
31 March 2025
10. TANGIBLE FIXED ASSETS
Fixtures
Motor
Vehicles
Fittings
Total
C05t
At beginning of the year
Additions
Disposals
At end of the year
27,295
14,660
699
41,955
699
27,295
15,359
42,653
Depreclation
At beginning of the year
Depreciation
Disposals
At end of the year
642
6.663
5,622
2,903
8,393
8,378
7,305
8,525
16,771
Net book value at beglnning of the year
Net book value at end of the year
26,653
19,990
9,038
6.834
35,691
26,824
11. DEBTORS
2025
2024
Prepayments and accrued income
30,150
IS,374
30,150
15,374
12. CREDITORS
2025
2024
Taxation and social security
Accruals
Creditors
Bank Overdraft
4,694
2,400
987
10
8,091
3,294
3,319
2,973
10
9,596
261Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS (cont'd)
31 March 2025
13. CONTINGENT LIABILITIES
The charitable company has a contingent liability to 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 expect any claims to be made in this
respect.
14. FUND BALANCES
Fund
Balance at
start
Income
Expendltur
Surplus /
(Deficit)
Transfer Balance at
end
Unrestrlcted Funds
General fund
90,399
21,756
117,6961
4,060
16.848)
87,611
90,399
21,756
117,6961
4,060
16,848)
87,611
Restricted Funds
Cash Kids
CFC
Donations Asda
Garfield Weston Foundation
Halifax
Homeless Connect
John Moore
LFT
OFM DFM
SA WA Funders
Shorts Bombardier
Social Supermarket
Tudor Trust
The National Lottery
The National Lottery Capital
VSB
Ulster Garden Villages
8,490
{4,4651
15001
14,465)
14,025)
500
3,528
250
(1,792)
1,736
35S
2,510
142
30,000
8,500
{29,895)
(5,990)
105
2,510
142
4,500
5,000
45,000
(4,500)
19,538)
{44,IS7)
4,221
14.8371
843
317
843
6,861
(8,3361
18,336)
1,475
12.587)
19,583
99,969
{103,1751
(4,896)
13,206)
14,8961
10,873
5,080
14,687
40,488
193,469
{215,4521 (21,983)
6,848
25,353
Total
130,887
215,225
{233,1481 {17,923)
112,964
271Page

HOMEPLUS NI LTD
(A COMPANY LIMITED BY GUARANTEE)
NOTESTO THE ACCOUNTS Iconyd)
31 March 2025
15. ANALYSIS OF NET ASSEfs BETWEEN FUNDS
Unrestrlcted Restrlcted Funds
Funds
Total
2025
Fixed Assets
Net Current Assets
6.709
80,902
20,115
5,238
26,824
86,140
87,611
25,353
112,964
Unrestricted Restrirted Funds
Funds
Total
2024
Fixed Assets
Net Current Assets
8,151
82,248
27,540
12,948
35,691
95,196
90.399
40,488
130,887
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 Ilmited by guarantee and does not have a share capital. It is governed by
a Memorandum and Articles of Association and the liability of member s is limited to an amount not
exceeding £1.
18. ULTIMATE CONTROLLING PARTY
There is no ultimate controlling party.
19. ETHICALSTANDARDS
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 year12025: £Nil}.
281Page