CHARITY REGISTRATION NUMBER: NIC103637
Northern Ireland Housing Associations. Charitable
Trust
Unaudited Financial Statements
31 March 2025
Finegan Gibson Ltd
Chartered accountants
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Northern Ireland Housing Associations. Charitable Trust
Financial Statements
Year ended 31 March 2025
Page
Trustee's annual report
Independent examiner's report to the trustee
Statement of financial activities
statement of financial position
Notes to the financial statements

Northern Ireland Housing Associations. Charitable Trust
Trustee's Annual Report
Year ended 31 March 2025
The trustee presents their report and the unaudited financial statements of the charity for the year
ended 31 March 2025.
Chairfs report
The Trustee The Northern Ireland Federation of Housing Associations, has pleasure in presenting the
Annual Report and the financial statements of the charity for the year ended 31 March 2025. 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.
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 6¢ 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
Principal office
6c Citylink Business Park
Albert street
Belfast
BT12 4HB
The trustee
The Northern Ireland Federation
of Housing Associations
Independent examiner
Sumer Nl
Glendinning House
6 Murray Street
Belfast
BT16DN

Northern Ireland Housing Associations, Charitable Trust
Trustee's Annual Report (continued)
Year ended 31 March 2025
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 (recruited externally), a Vice Chair
(appointed from within the members of the Federation), and a maximum of nine other Board Members
from within 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 housing 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 associalions and other charities through Community
Snvestment Awards.
Beneficiaries include charitable housing associations, tenants of housing associations and the local
communities within these associations operate.
NIHAcfs aim is the increase the capacity of organisations that assist the local social housing sector
to deliver positive community benefrt 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
Trustee's Annual Report (continued)
Year ended 31 March 2025
Achievements and performance
During the year until 31st March 2025, NIHACT has seen an increase in activity with the resurgence of
the Community Investment Committee to oversee and direct NIHACT operations. Under the
Chairmanship of Neville Amistrong (NIFHA Board member), the committee undertook a number of
reviews on how NIHACT can best seNe the interests and development of the local housing
association sector. In the year to March 2025, NIHACT commissioned a research report on housing
allocation policy, that will greatly support the work of the local charitable housing associations and the
Committee plans to deliver several other pieces of work for the sector in the years ahead.
NIHACT Committee in the year
Neville Armstrong (Chair)
Agnes Crawford
Ruth Buchanan
Teresa Mccloskey
Brendan Morrissey
Financial review
ReseNes policy
The Charity's policy is to retain a level of unrestricted reserves 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 for 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 monitor compliance with this policy on a regular basis and the Board of the Trustee will
review the appropriateness of the policy annually.
The trustee's annual report was approved on 25 September 2025 and signed on behalf of the board of
trustees by..
MrsH
ell
On behalf of Northern Ireland
Federation of Housing Associations

Northern Ireland Housing Associations. Charitable Trust
Independent Examinerfs Report to the Trustee of Northern Ireland Housing
Associations, Charitable Trust
Year ended 31 March 2025
I report on the financial statements of the Northern Ireland Housing Associations, Charitable Trust {'the
charity,) for the year ended 31 March 2025.
Respective responsibilities of Charity trustees and examiner
As the Charity's trustees you are responsible for the preparation of the financial statements in
accordance with the Charities Act (Northern Ireland) 2008 ('the Charities Act,).
It is my responsibility to..
examine the financial statements under section 65 of the Charities Act;
follow the procedures laid down in the general Directions given by the Charity Commission for
Northern Ireland under section 65(9)(b} of the CharitiesAct', and
state whether particular matters have come to my attention.
Basis of independent examiner's report
I have examined your charity financial statements as required under section 65 of the Charities Act
and my examination was carried out in accordance with the general Directions given by the Charity
Commission for Northern Ireland under section 65(9)(b) of the Charities Act.
My examination included a review of the accounting records kept by the charity and a comparison of
the financial statements presented with those records. It also included consideration of any unusual
items or disclosures in the financial statements, and seeking explanations from you as the charity
trustee concerning any such matlers.
My role is to state whether any material matters have come to my attention giving me cause to
believe..
1. that accounting records were not kept in accordance with section 63 of the Charities Act-
2. that the financial statements do not accord with those accounting records.,
3. that the financial statements do not comply with the accounting requirements of the Charities
Act; and
4. that there is further information needed for a proper understanding of the financial statements
to be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed
above and, in connection with following the Directions of the Charity Commission for Northern Ireland,
I have found no matters that require drawing to your attention.
Amanda Mcmaw
Independent Examiner
Sumer Nl
Glendinning House
6 Murray Street
Belfast
BT16DN
25 September 2025

Northern Ireland Housing Associations. Charitable Trust
Statement of Financial Activities
Year ended 31 March 2025
2025
Unrestricted
funds Total funds Total funds
2024
Nots
Income and endowments
Investment income
985
985
513
Total income
985
985
513
Expenditure
Expenditure on charitable activities
Total expenditure
4,000
4,000
1,000
4,000
4,000
1,000
Net expenditure and net movement in funds
{3,015)
(3.015)
(487>
Reconciliation of funds
Total funds brought forward
Total funds carried forward
35,515
35,515
32,500
36,002
32,500
35,515
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from ¢ontinuing activities.
The notes on pages 7 10 12 form part of these financlal statements.

Northern Ireland Housing Associations. Charitable Trust
ststement of Financial Position
As at 31 March 2025
2025
2024
Note
Current assets
Cash at bank and in hand
45,011
44,026
Creditors: amounts falling due within one year
Net current assets
12,511
8,511
32,500
35,515
35,515
Total assets less current Ilabilities
32,500
Net assets
32,500
35,515
Funds of the charity
Unrestricted funds
32,500
35,515
Total charity funds
10
32,500
35,515
These financial statements were approved by the board of trustees and authorised for issue on 25
September 2025, and are signed on behalf of the board by..
Mrs Hazel
On behal
of Northern Ireland
Federation of Housing Associations
The notes on pages 7 to 12 fomi part of these financial statsments.

Northern Ireland Housing Associations. Charitable Trust
Notes to the Financial Statements
Year ended 31 March 2025
General information
The charrty is a public benefit entity and a registered charity in Northern Ireland and is
unincorporated. The address of the principal office is 6¢ 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 102)) and the Charities Act (Northern Ireland) 2008.
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 entty.
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
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Accounting policies (continued)
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 serVI￿S is recognised with the delivery of the
contracted Se￿ICe. 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 liability 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 activtties 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
acttvities.
other expenditure includes 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
Notes to the Financial Statements f¢ontinued)
Year ended 31 March 2025
Accounting policies (Continued)
Tangible assets (contlnued)
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 expendilure 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.
Depreciation
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
cash-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 inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impaimient 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 onty when the charity becomes a party 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.
Where 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.

Northern Ireland Housing Associations. Charitable Trust
Notes to the Financial Statements {¢ontlnued)
Year ended 31 March 2025
Accounting policies (continued)
Financial instruments (¢ontlnued)
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 are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impaimient 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 exlent 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.
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Bank interest receivable
985
985
513
513
Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Support costs
4,000
4,000
1,000
1,000
Independent examination fees
2025
2024
Fees payable to the independent examiner for..
Independent examination of the financial statements
1,000
1,000
Trustee remuneration and expenses
Trustee's remuneration for the year was Nil (2024.. Nil)
10

Northern Ireland Housing Associations. Charitable Trust
Notes to the Financial Statements (¢ont14tyued)
Year ended 31 March 2025
Tangible fixed assets
Equipment
Cost
At 1 April 2024 and 31 March 2025
Depreciation
At 1 April 2024 and 31 March 2025
Carrying amount
At 31 March 2025
636
636
At 31 March 2024
Creditors: amounts falling due within one year
2025
2024
Accruals and deferred income
12,511
8,511
10. Analysis of charitable funds
Unrestricted funds
At
1 April 2024
At
Income Expenditure 31 March 2025
General funds
35,515
985
(4.000)
32,500
At
1 April 2023
At
Income Expenditure 31 March 2024
General funds
36,002
513
(1,000)
35,515
11

Northern Ireland Housing Associations, Charitable Trust
Notes to the Financial Statements (continued)
Year ended 31 March 2025
11. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2025
Current assets
Creditors less than 1 year
Net assets
45,011
{12.511)
32,500
45,011
(12,511)
32,500
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
12. 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 £12,110 {2024 . £8,110) was owing
from the charity to Northern Ireland Federation of Housing Associations.
12