COMPANY REGISTRATION NUMBER:
CHARITY REGISTRATION NUMBER: NIC103637
Northern Ireland Housing Associations. Charitable
Trust
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2024
Finegan Gibson Ltd
Chartered accountants
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Northern Ireland Housing Associations. Charitable Trust
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustee's annual report (incorporating the director's report)
Independent examiner's report to the trustee
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements

Northern Ireland Housing Associations, Charitable Trust
Company Limited by Guarantee
Trustee's Annual Report (Incorporating the Directorfs Report)
Year ended 31 March 2024
The trustee, who is also the director for the purposes of company law, presents his report and the
unaudited financial statements of the charity for the year ended 31 March 2024.
Chair's report
The Trustee has pleasure in presenting the Annual Report and the financial statements of the charty
for the year ended 31 March 2024. The Trustee has adopted the provisions of the Statement of
Recommended Practice (SORP) 'Accounting and Reporting by Charities, (FRS 102) in preparing the
annual report and financial statements of the Charity.
Reference and Administrative details
Northern Ireland Housing Associations, Charitable Trust ('NIHACT') registered as a charity on 13
October 2015. The charity number is NIC103637. Its principal and registered office is 6c Citylink
Business Park, Belfast, BT12 4HB.
The trustee The Northern Ireland Federation of Housing Associations has held office since 1 April
2015.
Reference and administrative details
Registered charity name
Northern Ireland Housing Associations, Charitable Trust
Charity registration number
NIC103637
Company registration number
Principal office and registered 6c Citylink Business Park
office
Albert Street
Belfast
BT12 4HB
The trustee
The Northem Ireland Federation
of Housing Associations
Independent examiner
Sumer Nl
Glendinning House
6 Murray Street
Belfast
BT16DN

Northern Ireland Housing Associations, Charitable Trust
Company Limited by Guarantee
Trustee's Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Structure, governance and management
Constitution
The charity was originally established under a Deed of Trust dated 19 April 1978. The Northern Ireland
Federation of Housing Associations (NIFHA) is the sole trustee of NIHACT. The organisation
registered as a charity on 13 October 2015.
Methods of appointment or election of Trustee
NIFHA'S Board which can be up to 11 members, including a Chair {re¢ruited externally), a Vice Chair
(appointed from within the members of the Federation), and a maximum of nine other Board Members
from wtthin and external to the housing association sector, appoints the Community Investment
(NIHACT} Committee. The Board is recruited in accordance with Clause 32 of NIFHA'S Articles of
Association. The Community Investment Committee is the sub-committee of the Board which directs
the Charitable Trust.
Membership of the Community Investment Committee is a minimum of 5 persons (inclusive of the
chair) and will include a minimum of one and a maximum of Board members. The chair of the
committee shall be a member of the NIFHA board. The remaining members of the Committee shall
be board members or staff members of member housing associations. The Federation issues a call for
expression of interest in Committee membership as vacancies arise. In the event of more people
expressing an interest to join the committee then there are places, the NIFHA Board shall select the
remaining Committee members according to the Charity's needs.
Objectives and activities
Our organisation supports local housing association charities and other Charities that assist the
Northern Ireland social sector in several ways..
By providing grant support from our Charities Fund, for the benefit of recipient applicant charities
and their beneficiaries,.
By providing practical support in training. guidance and research reports to Charitable Housing
Associations in Northern Ireland.
By facilitating and enabling charitable housing associations to become more efficient and effective
through the Charity's offering of strategic support and advice, promotion of good practice and
partnership and support to access funding opportunities- and
By recognising the work of charitable housing associations and other charities through Community
Investment Awards.
Beneficiaries include charitable housing associations, tenants of housing associations and the local
communities within these associations operate.
NIHACTS aim is the increase the capacity of organisations that assist the local social housing sector
to deliver positive community benefit that goes beyond the provision of core housing, care and support
services.
For housing associations these benefits will include enhanced effectiveness and capacity building, for
housing associations tenants the benefits will lead to an improved quality of life, for communities the
benefits will include improved cohesiveness within community members.

Northern Ireland Housing Associations. Charitable Trust
Company Limited by Guarantee
Trustee's Annual Report (Incorporating the Director's Report) (continu•d)
Year ended 31 March 2024
Achievements and performance
During the year there has been minimal activity within NIHACT as the work to review the action plan
for the charity has continued from the previous year so that the Committee can determine how the
Charity Can best support the work of charitable housing associations.
Financial review
Reserves policy
The Charity's policy is to retain a level of unrestricted reseNes that are needed for specific projects
that are undertaken as part of the Committee's annual action plan and to cover the running costs of
the Charity tor a limited period should there be a significant shortfall in income.
The Committee's strategy is to continue to maintain and if possible to build reserves to ensure that the
Charity's obligations are met and be able to re-invest in developing further services. The Charity will
continue to monttor compliance with this policy on a regular basis and the Board of the Trustee will
review the appropriateness of the policy annually.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustee's annual report was approved on 26 September 2024 and signed on behalf of the board of
trustees by:
Mrs Hazel Bell
On behalf of Northern Ireland
Federation of Housing Associations

Northern Ireland Housing Associations. Charitable Trust
Company Limited by Guarantee
Independent Examiner's Report to the Trustee of Northern Ireland Housing
Associations. Charitable Trust
Year ended 31 March 2024
I report to the trustee on my examination of the financial statements of Northern Ireland Housing
Associations, Charitable Trust (Ihe charity,) for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustee of the company (and also its director for the purposes of company law) you are
responsible for the preparation of the financial statements in a¢¢ordance with the requirements of
Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Act 2006 {'the 2006 Act,).
You are satisfied that the accounts of the company are not required by charity or company law to be
audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my
examination I have followed the general Directions given by the Charity Commission for Northern
Ireland under section 65(9)(b) of the 2008 Act.
Independent examiner's statement
I have completed my examination. I confinn that no matters have come to my attention in connection
with my examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act.. or
the financial statements do not accord with those records,. or
the financial statements do not comply with the accounting requirements of section 396 of
the 2006 Act other than any requirement that the accounts give a 'true and fairf view which
is not a matter considered as part of an independent examination., or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
Charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I confirm that there are no other matters to which your attention should be drawn to enable a proper
understanding of the accounts to be reached.
Sumer Nl
Independent Examiner
Glendinning House
6 Murray Street
Belfast
BT16DN
26 September 2024

Northern Ireland Housing Associations, Charitable Trust
Company Lirnited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Unrestricted
funds Total funds
2023
Total funds
Note
Income and endowments
Investment income
513
513
49
Total income
513
513
49
Expenditure
Expenditure on charitsble activities
Total expenditure
1,000
1,000
1,400
1,000
1,000
1,400
Net expenditure and net movement in funds
(487)
(487)
11,351)
Reconciliation of funds
Total funds brought forward
Total funds carried for¥vard
36,002
36,002
37,353
35,515
35.515
36,002
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 7 to 12 form part of these flnancial statements.

Northern Ireland Housing Associations. Charitable Trust
Company Limited by Guarantee
statement of Financial Position
31 March 2024
2024
2023
Note
Fixed Assets
Tangible Fixed Assets
Current assets
Cash at bank and in hand
44,026
43,513
Creditors: amounts falling due within one year
Net current assets
10
8,511
7,511
35,515
36,002
Total assets less current liabilities
35,515
36,002
36,002
Net assets
35,515
Funds of the charity
Unrestricted funds
35,515
36,002
Total charity funds
11
35,515
36,002
For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477
of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act wrth
respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on 26
September 2024 and are signed on behalf of the board by-.
WA:4eV
Mrs
ell
On behalf of Northern Ireland
Federation of Housing Associations
The notes on pages 7 to 12 forni part of these financial statements.

Northern Ireland Housing Associations. Charitable Trust
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General information
The charity is a public benefit entty and a private company limited by guarantee, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the registered office
is 6c Citylink Business Park, Albert street, Belfast, BT12 4HB.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (Charities
SORP (FRS 1021) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustee for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal. and fall into one of sub-classes.. restricted income funds or
endowment funds.

Northern Ireland Housing Associations. Charitable Trust
Company Limited by Guarantee
Notes to the Financial Statements (conlirjued)
Year ended 31 March 2024
Accounting policies (contlnued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity-, it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift. receipt is probable and its amount Can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the statement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events.
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure include5 all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity- Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.

Northern Ireland Housing Associations. Charitable Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policies (continuedj
Tangible assets (conllnued)
An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciatlon
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows..
Equipment
25 % straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset. an estimate is made of the recoverable amount of the
¢ash-generating unit to which the asset belongs. The Cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash infiows that largely
independent of the cash inflows from other assets or groups of assels.
For impaiment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a paty to the
Contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.

Northern Ireland Housing Associations. Charitable Trust
Company Limited by Guarantee
Notes to the Financial Ststements {¢ontinuedJ
Year ended 31 March 2024
Accounting policies (continued)
Financial instruments (contlnuedj
lfvhere investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives. are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost ale reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant. these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Limited by guarantee
The charity is a company limited by guarantee and has no share capital. The liability of each
member in the event of winding-up is limited to £1.
Investment income
Unrestricted Total Funds Unrestri¢ted Total Funds
Funds
2024
Funds
2023
Bank interest receivable
513
513
49
49
Expenditure on charitable activitles by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Support costs
1,000
1,000
1,400
1,400
10

Northern Ireland Housing Associations. Charitable Trust
Company Limited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 31 March 2024
Independent examination fees
2024
2023
Fees payable to the independent examiner for=
Independent examination of the financial statements
1,000
1,400
Trustee remuneration and expenses
Trustee's remuneration for the year was Nil (2023.. Nil)
Tangible fixed assets
Equipment
Cost
At 1 April 2023 and 31 March 2024
Depreciation
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
636
636
At 31 March 2023
10. Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
8,511
7,511
11. Analysis of charitable funds
Unrestricted funds
At
1 April 2023
At
Income Expenditure 31 March 2024
General funds
36,002
513
(1,000)
35,515
At
1 April 2022
At
Income Expenditure 31 March 2023
General funds
37,353
49
{1,400)
36,002
11

Northern Ireland Housing Associations. Charitable Trust
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2024
12. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2024
Current assets
Creditors less than 1 year
Net assets
44,026
{8.511)
35,515
44,026
{8.511)
35,515
Unrestricted Total Funds
Funds
2023
Current assets
Creditors less than 1 year
Net assets
43,513
(7,511)
36,002
43,513
(7,511)
36,002
13. Related parties
The Northern Ireland Federation of Housing Associations acts as the sole trustee of the Nl
Housing Associations. Charitable Trust which is administered by a Committee with the delegated
authority of the Federation. At the year end an amount of £8,110 (2023 .' £7.110) was owing from
the company to Northern Ireland Federation of Housing Associations.
12