**Charity registration number NIC104707 (Northern Ireland) Company registration number NI053306**
## **HERENI**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
## **HERENI**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** H Coburn E McCarney L Boden G Starrs S Haveron D M Mackle B Moore C McKeown A J Quinn (Appointed 3 September 2024) E McCool (Appointed 3 September 2024) **Secretary** G Starrs **Charity number** NIC104707 **Company number** NI053306 **Principal address** Belfast LGBTQIA+ Centre 1st Floor, (Cathedral Quarter Head Quarters) 23-31 Waring Street Belfast BT1 2DX **Registered office** Belfast LGBTQIA+ Centre 1st Floor, (Cathedral Quarter Head Quarters) 23-31 Waring Street Belfast BT1 2DX **Independent examiner** GMcG LISBURN Century House 40 Crescent Business Park Lisburn BT28 2GN **Bankers** Co-Operative Bank Delf House Southway Skelmersdale WN8 6WT
## **HERENI**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5 - 6|
|Statement of financial activities|7|
|Statement of financial position|8|
|Notes to the financial statements|9 - 19|
## **HERENI**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: 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) (effective 1 January 2019)".
## **Objectives and activities**
HERe NI is an organisation that works to improve the quality of life and enhance the voices of lesbian and bisexual women and their families. HERe NI is committed to identifying and addressing discrimination and oppression, and to the promotion of social inclusion. The charity’s objects are to advance education and to promote the benefit of lesbian and bisexual women and their families across Northern Ireland.
All our work is informed and guided by our core values of equality, empowerment of lesbian and bisexual women and their families, interdependence, full and meaningful participation, social inclusion and transparency. We believe that a community development approach to social inclusion produces sustainable positive change. We recognise and value the multiple identities and varying needs of lesbian and bisexual women and are committed to building an organisation that is genuinely inclusive. HERe NI is managed by a voluntary Board of Directors whose details can be found on our website www.hereni.org
**Vision Statement:** Our vision is that all lesbian and bisexual women are visible, included and valued in all aspects of society.
**Mission Statement:** HERe NI empowers, supports and advocates for all lesbian and bisexual women, and their families.
**Values and Principles:** All our work is founded upon the following values and principles:
- Equality and Inclusion
- Respect and Non-Judgemental
- Professional and Knowledgeable
- Person-Centred and Empowering
- Reactive and Proactive
Strategic Aim 1: To ensure that HERe NI can meet current and future needs of lesbian and bisexual women.
Strategic Aim 2: To facilitate and deliver activities and services to meet the needs of lesbian and bisexual women.
Strategic Aim 3: To tackle the issue of ‘invisibility’ of lesbian and bisexual women and improve the wider understanding of their needs.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
- 1 -
## **HERENI**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Achievements and performance**
In 2024, HERe NI marked a significant year of progress, partnership, and innovation as we continued to support lesbian and bisexual women and their families across Northern Ireland. Our work remained rooted in community, equality, and advocacy—responding to both long-standing needs and new challenges faced by the women we engage with.
2024 was a busy year for politics, building relationships and lobbying. HERe NI have participated in All Party Groups in the following areas: UN SCR 1324, Women, Peace and Security and Women's Health and Loneliness. Key meetings were held during 2024 with UN Special Rapporteur on Violence Against Women and Girls, Permanent Secretary at The Northern Ireland Office, US Special Envoy to Advance the Human Rights of LGBTQIA+ People, The Commissioner for Older People and The Justice Minister. We also appeared before the Committee on the Implementation of the Good Friday Agreement to give evidence on women and constitutional change and gave evidence to the Committee for Education on RSE.
2024 saw an increase in cross border events such as engagements with the Oireachtas, engagements around constitutional change and a residential with older women.
The development of key strategic relationships in 2024 was significant. Developing and maintaining key strategic relationships is crucial to Here NI’s long-term sustainability and impact.
## These partnerships:
- Enhance our capacity to deliver high-quality, targeted services.
- Strengthen our influence across policy, funding, and public engagement.
- Allow for collaborative working, increasing efficiency and reach.
- Position Here NI as a trusted voice within the LGBTQIA+ and wider voluntary and community sectors.
Looking ahead, the continued development of strategic alliances will be vital in responding to sectoral challenges, diversifying income streams, and amplifying community voices.
## Some of our highlights:
1. HERe NI celebrated 20 years of service in 2024. A 20th celebration event was held to mark the progress of the organisation.
2. HERe NI Director was presented with a Tolerantia award in Berlin.
3. HERe NI raised £1097.50 for Rainbow Refugees.
4. Distributed 142 supermarket vouchers (£14,200) to those women experiencing financial difficulties. 5. Became an accredited training organisation with OCN and CPD.
6. The Lord Mayor Cllr Ryan Carlin launched the LGBTQIA+ Heritage project in Belfast City Hall.
7. Launched the violence and homelessness bursary.
8. Attended ILGA meeting on ending conversion practices in Brussels.
9. Hosted by The Lord Mayor Cllr Ryan Carlin in his parlour.
10. Secured funding for domestic violence and abuse research.
11. Launched “A study of Conversion Practices in Northern Ireland” with sector partners, Queens University and University of Ulster.
We would like to thank our funders; The National Lottery Community Fund, Esmee Mitchell Trust, Halifax Foundation, Joseph Rowntree Charitable Trust, National Lottery Heritage Fund, Centre for Ageing Better, Community Foundation NI, Belfast City Council, Department of Justice, Tudor Trust, PHA, Ireland Funds GB, Lush UK Charity Pot and Community Development Health Network for their continued financial support, without such, much of the successes enjoyed by lesbian and bisexual women and their families who are associated with Here NI could not have been achieved.
We would also like to thank GMcG Chartered Accountants for their continued professional support and advice.
- 2 -
## **HERENI**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Financial review**
The results are set out in detail on pages 7 to 19. The charity returned net incoming resources for the year of £23,206 (net outgoing resources 2023 - £9,590) leaving unrestricted funds of £118,823 (2023 - £120,179) and restricted funds of £75,895 (2023 - £51,333). The unrestricted funds are considered to be essential to provide sufficient funds to cover any unforeseen costs which may arise and fulfill legal obligations of the charity in the event that current levels of income are not maintained.
It is the policy of the Board to aim to maintain free reserves in unrestricted funds at a level equivalent to or greater than 3 months annual operating expenditure. In the event of an unforeseeable loss of income, reserves at this level will provide sufficient funds to respond to grant applications and ensure that support and governance costs are covered in the short-term.
## Unrestricted funds are needed:
a) to provide funds which can be designated to specific projects to enable these projects to be undertaken at short notice and
b) to cover administration, fund-raising and support costs without which the charity could not function
The Here NI Board of Directors considers it prudent that unrestricted reserves should be sufficient to:
• avoid the necessity of realising fixed assets held for the charity’s use;
- cover three months of direct and indirect expenses.
Unrestricted funds currently meet this requirement.
The Board of Directors will monitor and review the policy on an annual basis when the annual accounts are being presented for approval.
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Plans for the future**
Future Priorities:
- Develop and expand the Board of Management of Here NI.
- Sustainability of core services
- Increased focus on resources for domestic abuse work.
- Increase and further develop our inhouse training relating to sexual orientation and gender identity.
- Specific mental health funding secured.
- Increase the number of funders to support our core work.
- Diversification of income sources.
- Development of an LGBTQIA+ Hub for Belfast.
- 3 -
## **HERENI**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **Structure, governance and management**
The charity is a Company Limited by Guarantee. The Company was established under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association. The charity is governed by its Board of Directors who meet every two months.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
G McParland (Resigned 14 May 2024) S Bridge (Resigned 1 November 2024) M M Hanna (Resigned 7 April 2025) H Coburn E McCarney L Boden G Starrs S Haveron D M Mackle B Moore C McKeown A J Quinn (Appointed 3 September 2024) E McCool (Appointed 3 September 2024)
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
All directors are required to participate in training relating to good governance and directors are regularly updated on legislation that impacts upon the running of a charitable organisation e.g. recent changes in legislation introduced by the Charities Commission.
Here NI is managed by a voluntary board of directors who are responsible for the management of the charity. The board of directors meet up to six times a year to oversee the management of the charity. The board of directors conduct regular reviews of the charity's strategic plan, with policies and procedures reviewed and updated on an ongoing basis.
## **Key management personnel**
The Board of Directors comprise the key management personnel of the charity in charge of directing and controlling, running and operating the organisation on a day to day basis. All directors give of their time freely and no director received remuneration in the year.
This report has been prepared in accordance with the provision applicable to companies entitled to the small companies exemption.
The trustees' report was approved by the Board of Trustees.
## **C McKeown**
Treasurer
Dated: 21 August 2025
- 4 -
## **HERENI**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF HERENI**
We report to the charity trustees on our examination of the financial statements of the charity for the year ended 31 December 2024, which are set out on pages 7 to 19.
## **Respective responsibilities of trustees and examiner**
As the charity trustees (and also directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.
Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to:
- (i) examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
- (ii) to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and
- (iii) to state whether particular matters have come to our attention.
## **Basis of independent examiner's report**
We have examined your charity accounts as required under section 65 of the Charities Act and our 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. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.
Our role is to state whether any material matters have come to our attention giving us cause to believe:
1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006
2. That the accounts do not accord with those accounting records
3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities 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
4. That there is further information needed for a proper understanding of the accounts to be reached.
- 5 -
## **HERENI**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED)**
## **TO THE TRUSTEES OF HERENI**
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified to undertake the examination because we are a member of Chartered Accountants Ireland, which is one of the listed bodies.
We have completed our 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, we have found no matters that require drawing to your attention.
## GMcG LISBURN
Century House 40 Crescent Business Park Lisburn BT28 2GN
Dated: 21 August 2025
- 6 -
## **HERENI**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 DECEMBER 2024**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
4,367
345,964
Charitable activities
**3**
19,219
-
**Total income**
23,586
345,964
**Expenditure on:**
Charitable activities
**4**
20,304
326,040
**Total expenditure**
20,304
326,040
**Net income/(expenditure)**
3,282
19,924
Transfers between
funds
**9**
(4,638)
4,638
**Net movement in**
**funds**
**5**
(1,356)
24,562
**Reconciliation of funds:**
Fund balances at 1 January
2024
120,179
51,333
**Fund balances at 31**
**December 2024**
118,823
75,895|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
350,331
18,093
256,702
19,219
10,191
-
369,550
28,284
256,702
346,344
25,067
269,509
346,344
25,067
269,509
23,206
3,217
(12,807)
-
678
(678)
23,206
3,895
(13,485)
171,512
116,284
64,818
194,718
120,179
51,333|**Total**
**2023**
**£**
274,795
10,191
284,986
294,576
294,576
(9,590)
-
(9,590)
181,102
171,512|
|---|---|---|
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 7 -
## **HERENI**
## **STATEMENT OF FINANCIAL POSITION**
## **AS AT 31 DECEMBER 2024**
|**Notes**
**Fixed assets**
Tangible assets
**10**
**Current assets**
Debtors
**11**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**12**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**14**
Unrestricted funds
Designated funds
**15**
General unrestricted funds|**2024**
**£**
27,391
173,885
201,276
(10,557)
34,297
84,526|**£**
3,999
190,719
194,718
75,895
118,823
194,718|**2023**
**£**
19,789
156,897
176,686
(8,571)
2,590
117,589|**£**
3,397
168,115|
|---|---|---|---|---|
|||||171,512|
|||||51,333
120,179|
|||||171,512|
For the year ended 31 December 2024 the company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 21 August 2025 and signed on their behalf by:
C McKeown
**Trustee**
## **Company Registration No. NI053306**
- 8 -
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **HERENI**
## **1 Accounting policies**
## **Charity information**
HERENI, (HEReNI), is a private company limited by guarantee incorporated in Northern Ireland. The registered office and place of business is Belfast LGBTQIA+ Centre, 1st Floor, (Cathedral Quarter Head Quarters), 23-31 Waring Street, Belfast, BT1 2DX.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: 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) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **1.5 Expenditure**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is 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. It is categorised under one of the following headings: Costs of raising funds, Expenditure on charitable activities and Other expenditure.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
- 9 -
## **HERENI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1 Accounting policies (Continued)**
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
## 33% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.8 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
- 10 -
## **HERENI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1 Accounting policies (Continued)**
## **1.9 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.10 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
- 11 -
## **HERENI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2 Donations and Training Income**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and trading
income
4,367
-
Grants receivable for
core activities
-
345,964
4,367
345,964
**Grants receivable for**
**core activities**
The National Lottery
Community Fund
-
104,055
LGBT Consortium
-
-
Halifax Foundation
-
5,000
Joseph Rowntree
Charitable Trust
-
38,808
The National Lottery
Heritage Fund
-
84,372
Belfast City Council
-
30,508
Community Foundation
NI
-
2,829
Training for Women
Network
-
-
Tudor Trust
-
35,200
National Lottery Awards
for All
-
20,000
Centre for Aging Better
-
500
Department of Justice
-
10,000
Esme Mitchell Trust
-
2,000
Elevate Mentoring
Programme
-
3,825
The Ireland Funds GB
Community Impact Fund
-
2,000
Lush UK Charity Pot
-
3,000
Public Health Agency
-
3,867
-
345,964|**Total**
Unrestricted
Restricted
funds
funds
**2024**
2023
2023
**£**
£
£
4,367
11,961
-
345,964
6,132
256,702
350,331
18,093
256,702
104,055
-
98,480
-
-
800
5,000
-
5,000
38,808
6,132
35,280
84,372
-
42,585
30,508
-
10,089
2,829
-
22,785
-
-
9,683
35,200
-
32,000
20,000
-
-
500
-
-
10,000
-
-
2,000
-
-
3,825
-
-
2,000
-
-
3,000
-
-
3,867
-
-
345,964
6,132
256,702|Total
2023
£
11,961
262,834|
|---|---|---|
|||274,795|
|||98,480
800
5,000
41,412
42,585
10,089
22,785
9,683
32,000
-
-
-
-
-
-
-
-|
|||262,834|
- 12 -
## **HERENI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
|**3**
**Income from charitable activities**
Other generated income
**Analysis by fund**
Unrestricted funds
**4**
**Expenditure on charitable activities**
**Direct costs**
Staff costs
Depreciation and impairment
Sundry expenses
Activities
Consultancy
Rent
Printing, postage & stationery
Telephone
Insurance
Marketing
Heat & light
Training
Restricted sundry expenses
Accountancy
Repairs & maintenance
Computer costs
Professional fees and subscriptions
Food vouchers
**Analysis by fund**
Unrestricted funds
Restricted funds|**2024**
**£**
19,219
19,219
**2024**
**£**
265,461
3,498
165
10,936
7,424
18,142
1,534
2,401
2,988
3,867
3,776
4,059
1,340
1,860
573
2,667
1,453
14,200
346,344
20,304
326,040
346,344|**2023**
**£**
10,191|
|---|---|---|
|||10,191|
|||**2023**
**£**
225,284
2,707
622
15,787
12,937
16,542
463
1,995
2,497
3,275
3,256
35
487
1,830
400
65
714
5,680|
|||294,576|
|||25,067
269,509|
|||294,576|
The charity's only charitable activity is improving the conditions of life for lesbian and bisexual women and their families.
- 13 -
## **HERENI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
|**5**|**Net movement in funds**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Depreciation of owned tangible fixed assets|3,498|2,707|
## **6 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **7 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
9
**2024**
**£**
235,234
16,158
14,069
265,461|**2023**
**Number**
8|
|---|---|---|
|||**2023**
**£**
201,543
12,810
10,931|
|||225,284|
There were no employees whose annual remuneration was more than £60,000.
## **8 Taxation**
The company is exempt from corporation tax on its charitable activities.
## **9 Transfers**
Transfers from the restricted fund to the unrestricted fund in the year were as follows;
## **Tudor Trust**
- £571 was ring-fenced for a provision for redundancy costs, as agreed with funder. This was designated at 31 December 2024.
## **Belfast City Council**
- £331 was ring-fenced for a provision for redundancy costs, as agreed with funder. This was designated at 31 December 2024.
Transfers from the unrestricted fund to the restricted fund in the year were as follows;
## **The National Lottery Heritage Fund**
- £5,540 was transferred balance fund in the year.
- 14 -
## **HERENI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
|**10**
**Tangible fixed assets**
**Cost**
At 1 January 2024
Additions
At 31 December 2024
**Depreciation and impairment**
At 1 January 2024
Depreciation charged in the year
At 31 December 2024
**Carrying amount**
At 31 December 2024
At 31 December 2023
**11**
**Debtors**
**Amounts falling due within one year:**
Prepayments and accrued income
**12**
**Creditors: amounts falling due within one year**
Other creditors
Accruals and deferred income
**13**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**Fixtures and**
**fittings**
**£**
14,026
4,099
18,125
10,628
3,498
14,126
3,999
3,397
**2024**
**2023**
**£**
**£**
27,391
19,789
**2024**
**2023**
**£**
**£**
2,029
3,746
8,528
4,825
10,557
8,571
**2024**
**2023**
**£**
**£**
14,069
10,931|**Fixtures and**
**fittings**
**£**
14,026
4,099
18,125
10,628
3,498
14,126
3,999
3,397
**2024**
**2023**
**£**
**£**
27,391
19,789
**2024**
**2023**
**£**
**£**
2,029
3,746
8,528
4,825
10,557
8,571
**2024**
**2023**
**£**
**£**
14,069
10,931|
|---|---|---|
|||18,125|
|||10,628
3,498|
|||14,126|
|||3,999|
|||3,397|
|||**2023**
**£**
19,789|
|||**2023**
**£**
3,746
4,825|
|||8,571|
|||**2023**
**£**
10,931|
- 15 -
## **HERENI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **14 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|**Balance at**
**1 January 2023**
**r**
**£**
The National Lottery Community Fund
20,766
Esme Mitchell Trust
-
National Lottery Awards for All
-
Halifax Foundation
-
Joseph Rowntree Charitable Trust
1,183
The National Lottery Heritage Fund
15,877
Centre for Aging Better
-
Community Foundation NI
4,927
Belfast City Council
-
Department of Justice
-
Tudor Trust
11,475
Cooperation Ireland
590
Elevate Mentoring Programme
-
LGBT Consortium
10,000
Training for Women Network
-
The Ireland Funds GB Community Impact
Fund
-
Lush UK Charity Pot
-
Public Health Agency
-
64,818|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**£**
**£**
98,480
(97,960)
-
-
-
-
5,000
(6,912)
35,280
(32,823)
42,585
(56,732)
-
-
22,785
(18,617)
10,089
(5,755)
-
-
32,000
(30,927)
-
(590)
-
-
800
(9,998)
9,683
(9,195)
-
-
-
-
-
-
256,702
(269,509)|**Transfers**
**Balance at**
**1 January 2024**
**r**
**£**
**£**
-
21,286
-
-
-
-
1,912
-
(988)
2,652
-
1,730
-
-
-
9,095
-
4,334
-
-
(1,602)
10,946
-
-
-
-
-
802
-
488
-
-
-
-
-
-
(678)
51,333|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**£**
**£**
104,055
(92,785)
2,000
(2,000)
20,000
(15,419)
5,000
(883)
38,808
(31,483)
84,372
(91,642)
500
(500)
2,829
(10,769)
30,508
(26,943)
10,000
(9,146)
35,200
(36,191)
-
-
3,825
(1,102)
-
(416)
-
(238)
2,000
(2,000)
3,000
(3,000)
3,867
(1,523)
345,964
(326,040)|**Transfers**
**Balance at**
**31 December**
**2024**
**£**
**£**
-
32,556
-
-
-
4,581
-
4,117
-
9,977
5,540
-
-
-
-
1,155
(331)
7,568
-
854
(571)
9,384
-
-
-
2,723
-
386
-
250
-
-
-
-
-
2,344
4,638
75,895|**Transfers**
**Balance at**
**31 December**
**2024**
**£**
**£**
-
32,556
-
-
-
4,581
-
4,117
-
9,977
5,540
-
-
-
-
1,155
(331)
7,568
-
854
(571)
9,384
-
-
-
2,723
-
386
-
250
-
-
-
-
-
2,344
4,638
75,895|
|---|---|---|---|---|---|
||||||75,895|
- 16 -
## **HERENI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **14 Restricted funds (Continued)**
The National Lottery Community Fund provide for the funding of salaries, running costs of the charity and the costs involved with the provision of the empowering young people project.
Esmee Mitchell Trust provides funding for the salaries and core costs of the charity.
Halifax Foundation provides funding for an Engagement and Communications Officer.
Joseph Rowntree Charitable Trust provides funding for a Senior Policy Development Officer.
The National Lottery Heritage Fund provides funding for the LGBTQIA+ Heritage project, running costs and salaries.
Centre for Aging Better provides funding to help mark the Age Without Limits Action Day.
Community Foundation NI provides funding for a Violence Against Women & Girls Bursary, Early Years and Older Women's Projects.
Belfast City Council provides funding for a Supermarket Voucher Scheme and Early Years Project..
Department of Justice provides funding to facilitate a fixed term research study project.
Tudor Trust provides funding towards the Director's salary and core costs.
Cooperation Ireland provides funding for a Covid recovery programme for the charity.
Elevate Mentoring Programme provides funding to support the following programmes run by the charity - LGBTQIA+ women age 30+ and ages 18-25.
LGBT Consortium provides funding for the Older Women's Project.
Training for Women Network provides funding for the Building Resilience Project.
The Ireland Funds GB Community Impact Fund provides funding for the support of older LGBTQIA+ women.
Lush UK Charity Pot provides funding to support the charity's ongoing charitable activities.
Public Health Agency provides funding for the Invisible Women project.
- 17 -
## **HERENI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **15 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1**
Redundancy costs
Mark Ashton Fund
General funds
**Previous year:**
**At 1**
Redundancy costs
General funds|**January**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2024**
**£**
**£**
**£**
**£**
**£**
2,590
-
-
23,805
26,395
-
-
-
7,902
7,902
117,589
23,586
(20,304)
(36,345)
84,526
120,179
23,586
(20,304)
(4,638)
118,823
**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
**£**
-
-
-
2,590
2,590
116,284
28,284
(25,067)
(1,912)
117,589
116,284
28,284
(25,067)
678
120,179|**January**
**2024**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2024**
**£**
**£**
**£**
**£**
**£**
2,590
-
-
23,805
26,395
-
-
-
7,902
7,902
117,589
23,586
(20,304)
(36,345)
84,526
120,179
23,586
(20,304)
(4,638)
118,823
**January**
**2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**At 31**
**December**
**2023**
**£**
**£**
**£**
**£**
**£**
-
-
-
2,590
2,590
116,284
28,284
(25,067)
(1,912)
117,589
116,284
28,284
(25,067)
678
120,179|
|---|---|---|
|||120,179|
Designated funds includes money designated by the Board for redundancy costs based on employees who are grant funded and then once the funding ceases the redundancy provision is moved into unrestricted funds.
During the year, funds were ring-fenced for redundancy costs from the following funders:
## **Tudor Trust**
- £571 was ring-fenced for a provision for redundancy costs, as agreed with funder.
## **Belfast City Council**
- £331 was ring-fenced for a provision for redundancy costs, as agreed with funder.
## **16 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 December 2024:**
Tangible assets
150
3,849
Current assets/(liabilities)
118,673
72,046
118,823
75,895|**Total**
**2024**
**£**
3,999
190,719|
|---|---|
||194,718|
- 18 -
## **HERENI**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024**
## **16 Analysis of net assets between funds (Continued)**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 December 2023:**
Tangible assets
-
3,397
Current assets/(liabilities)
120,179
47,936
120,179
51,333|**Total**
**2023**
**£**
3,397
168,115|
|---|---|
||171,512|
## **17 Operating lease commitments**
## **Lessee**
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Within one year|-|9,075|
- 19 -