COMPANY REGISTRATION NUMBER: N1021018
CHARITY REGISTRATION NUMBER: NIC105735
Housing Rights
Company Limited by Guarantee
Financial Statements
31 March 2024
Finegan Gibson Ltd
Chartered accountsnts & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Housing Rights
Company Limited by Guarantee
Financlal Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the director's report)
Independent auditor's report to the members
10
Statement of financial activities (including income and
expenditure account)
16
statement of financial position
17
Statement of cash flows
18
Notes to the financial statements
19

Housing Rights
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, present their report and the
financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charlty name
Housing Rights
Charity registration number
NIC105735
Company registration number N1021018
Principal office and registered 1st Floor
office
Skainos Centre
239-241 Newtownards Road
Belfast
BT4 1AF
The trustees
G Walsh
N J Fullerton
C McDaid
E Millen
U A O'Hare
C O'Neill
F Kelly
D McAnena
J Wilson
K Greene
L Baird
P Brannigan
P Morgan
P O'callaghan
P Quigley
R Crozier
(Resigned 27 September 2023)
(Resigned 15 February 2024)
{Appointed 4 April 2023)
(Appointed 15 February 2024)
(Appointed 4 April 2023)
Company secretary
Catherine Mccauley
Auditor
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
Bankers
Bank of Ireland
1 Donegall Square South
Belfast
BT15LR

Housing Rights
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Solicitors
Cleaver Fulton Rankin
50 Bedford Street
Belfast
BT2 7FW
Structure, governance and management
Governing Document
Housing right is a company limrted by guarantee governed by it's Memorandum and Articles of
Association dated 1st July 2014. Housing Rights is a registered charity with HMRC and the Charity
Commission for Northem Ireland. Housing Rights is a membership organisation with currently 125
members, each of whom agrees to contribute £1 in the event of the charity winding up.
Appointment of trustees
The Chair and the Trustees recruit and select new Trustees as needed. New Trustees are recruited in
line with the Memorandum and Articles of Association having regard to their professional skills, and
their potential to be able to make a helpful contribution to the governance of the charity. As part of the
recruitment process they are made aware of a Trustees, legal obligations under charity and company
law, the content of the Memorandum and Articles of Association, the committee and decision making
processes, the business plan and recent financial performance of the charity.
Trustee induction and training
All newly appointed trustees undergo a half-day induction session which includes meeting with key
management personnel to cover.'- general organisational background information,. Trustees and Board
responsibilities., organisational projects,. operations and policy- and business support.
Affangements for setting pay and remuneration of key management personnel
The directors consider the board of directors, who are the charity's trustees, and the senior
management team comprise the key management personnel of the charity in charge of directing and
controlling, running and operating the charity on a day to day basis. All directors give of their time
freely and no director received remuneration in the year.
The pay of the senior staff is reviewed annually and normally increased in accordance with Northern
Ireland Civil Service Pay Awards. In view of the nature of the charity, the directors benchmark
against pay levels in other similar size charities run on a voluntary basis. The remuneration
bench-mark is the mid-point of the range paid for similar roles adjusted for a weighting of up to 30 %
for any additional

Housing Rights
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (confinued)
Year ended 31 March 2024
responsibilities.
Oryanisation structure and how charity makes decisions
The Board. as the governing body, can have up to 15 members. The Board nomially meets bi-monthly
and the Office Bearers, known as the Executive Committee meet the months be￿een Board meetings
to ensure that the Board has everything it needs to do its job effectively. The Executive Committee
will generally review the major issues facing the organisation and make preliminary recommendations
to the full Board at the next meeting on matters, for example, such as business planning., operational
policies and practices: membership applications,. human resources and remuneration of staff.
A DirectorlCEO is appointed by the trustees to manage the day-to-day operations of the charity. To
facilitate effective operations. the DirectorlCEO has delegated authority, within terms of delegation
approved by the Board. for operational matters including finance. employment and direct charitab18
activities.
The Board of Housing Rights has also established an Audit & Risk Committee (ARC), operational from
May 2017. to support them in their responsibilities regarding issues of risk, control. governance.
finance, audit and associated assurance. The ARC has delegated responsibilty on behalf of the
Board for ensuring that there is a framework for accountability: for examining and reviewing all
systems and methods of control both financial and otherwise including risk analysis and risk
management- and for ensuring the charity is complying with all aspects of the law, relevant regulations
and good practice.
Relationships with related partles
None of our trustees ￿Ceive remuneration or other benefit from their work with the charity.
Risk management
The trustees have a risk management strategy which comprises:
an annual review of the principal risks and uncertainties that the charity faces.,
the establishment of policies, systems and procedures to mitigate those risks identffied in the
annual review,. and
the implementation of procedures designed to minimise or manage any potential impact on the
charity should those risks materialise.
Oversight of risk and audit are devolved to an Audit and Risk Committee who meet at least quarterly.
Key Rlsk
There is an external risk with the Northern Ireland Charities Pension Scheme (now closed) impacting
on Ihe financial liability of Housing Rights to its pension commitments for that Scheme. The Board
continue to proactively review and explor8 all options to assess and manage this risk effectivgly.

Housing Rights
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Objectives and actlvltles
The charitys objectives are to promote the following purposes for the public benefit..
The rellef of poverty and the relief of those in need by reason of youth, age, ill health. disability,
financial hardship or other disadvantage- and in particular to assist those persons with necessitous
circumstances in relation to housing matters: and
Such other 8xclusively charitable purpose according to the Law of Northem Ir81and as the
Directors may from time to time decide.
Housing Rights believes that prevention of homelessness is the best cure. In Northem Ireland we work
tirelessly to help more people to live in secure and affordable homes which will improve lives and
promote well-being. The main strategic priorities of our work are listed below under the 3 key strategic
outcomes in the Improving Lives section of our Strategic Plan 2024-29. These include:
1. People live in good quality. afftjrdable and sustainable homes that meet their needs.
a. Prevent homelessness
b. Improve housing circumstances for those in need
2. Peoples experience of homelessness when it does occur. is that it is rare. brief and non-recurring.
a. Alleviate homelessness
b. Support people most at risk of repeat homelessness
3. People have the help they need at the right time. in a way that best meets their needs
a. Ensure people know where to go to get help with their housing problems
b. Ensure people have access to timely. quality advice in a way that best meets their needs
c. Ensure People have the information they need to make decisions about their housing
circumslances
Further strategic priorities relating to influencing policy and practice and strengthening our capacity,
are also included in our Plan. In shaping our priorities and objectivas for the year and planning our
activities, the trustees have considered the Charity Commission's guidance on public benefit. The
strategies employed to achieve the charity's aims and objectives are through the provision of services.
The following describes the main services operational during the reporting year:
A Housing Advice line for members of the public and stafflvolunteers working in frontline agencies
A public infomiation website (vMw.housingrights.org.uklhousing-advice)
Advocacy and legal representation work
A Housing Possession Court Duty Scheme (Emergency help at court)
Training on housing, homelessness and related issues
Providing infomation resources on housing law and practice in Northern Ireland
Client based policy comment
A Community Housing Advice Partnership with generalist advice agencies throughout Nl
A specialist housing advice service within the prisons in Nl

Housing Rights
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
A service (Beyond the Gate) for the most vulnerable prisoners immediately after release in
Northern Ireland to help prevent them from becoming homeless and to help them to sustsin
accommodation and access key support services
Provision of a helpline on behalf of the Department for Communities to help landlords comply with
their legal requirements and promote good practice in the Private Rented Sector.
A Housing mediation service on behalf of the Department for Communities to help resolve housing
disputes in the private rented sector as an altemative to Court.
A new and unique specialist housing advocacy and mediation seNice developed for and delivered
to young people in Nl to help prevent homelessness and sustain accommodation-
A Renters, Voice project to support private tenants to build a collective voice and influence change
A participation project to ensure that decisions made about housing and homelessness are
informed by the experiences of people affected.

Housing Rights
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Dlrector's Report) feantlnued)
Year ended 31 March 2024
Achievements and performance
Significant achievements in the year included-
1. Dealing with 12,572 contacts for advice on housing and homelessness issues across N.1. including
an increase in digital advice to 310/0 of the provision with 3,973 contacts;
2. Preventing 1,307 households from becoming homeless.
3. Over 247.000 individual users viewed pages on our public infomiation website
{www.housingrighls.org.uklhousing-adviGe)
4. Providing advice to 1,684 landlords Iletting agent contacts operating in the private sector to help
promote statutory compliance and good practice;
5. Delivery of the first housing mediation service in Nl to help resolve disputes in the private rented
sector and dealing with 303 referrals during the year"
6. Development and delivery of a unique specialist housing advocacy and mediation service to 319
young people during the year to help prevent homelessness.
7. Our training service has continued to meet customer need by delivering relevant and new courses
in line with policy and legislative changes. We delivered training in person and re-motely resulting in
increased uptake with 1,105 participants attending during the year.
8. Influencing 23 recommendations and changes to housing policyllegislation. including a reduction in
waiting time for Support for Mortgage Interest from 39 weeks to 13 weeks. Changes to the Dfc Budget
Allocation 2023125 included additional funding for SHDP and the announcement in the Autumn
statement that the Local Housing Allowance rate would be uprated. Further changes influenced
include the adoption of Housing Advice Quality Standards into the NIHE Homelessness Action Plan,
the addition of of participation into the HSSG Terms of Reference. infiuencing 4 ￿CommendatIOnS the
Nl Audit Office Publication 'Reducing Adult Reoffending, and shaped the priorities of Phase 2 of
Private Rented Sector Reform through extensive, evidence based engagement with Dfc.
9. Renters, Voice. supported by Housing Rights continued to be an influential consultee of politicians
lofficials when considering policyllegislative change in the private rented sector. This included
influencing Regulations introduced under the Private Tenancies Act (Northern Ireland) 2022,
continuing to advocate for policy change to support private renters in the face of the cost-of-living
crisis, and carrying out research into the charging of unlawful letting fees (which they were
commissioned by NIHE to carry out).
The Annual Review document. known as our Impact Report, for the period 2023-2024 wlll be available
at our Annual General Meeting which will be held prior to 31st March 2025.

Housing Rights
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continue<l)
Year ended 31 March 2024
Financial revlew
Housing Rights is grant aided by the Department for Communities. The organisation also receives
money from other government departments and statutory organisations. Additional income is
generated from sale of services, charitable fundraising and other donations.
Housing Rights continues to meet the objects set by the funders. The organi5ation reports to funders
directly on its work in tailored annual reports and also through a published Annual Review (Impact
Report).
The movement in reserves and transfers between reserves for the year are shown in the Statement of
Financial Activities on page 16. The balance of unrestricted ￿SerVeS was £1.002.195 and the balance
of restricted reserves was £475.927 at 31st March 2024.
Investmentpowers andpolicy
The trustees. having regard to the liquidty requirements of the charity, have kept available frjnds in an
interest bearing deposit account and seek to achieve a rate on deposit which matches or exceeds
inflation measured by the retail prI￿S index. The trustees agreed to the development and adoption of
an investment policy in preparation of the strategic review of Housing Rights, reserves policy
(completed August 2024).
Reserves policy and going concern
Reserves are needed to bridge the timing gap between spending and receiving of income and to cover
unplanned events or temporary shortfalls in income should they arise. Holding adequate reserves
safeguards the provision of our services in the event of unexpected significant financial pressures.
Pending a strategic review of the current reserves policy to update the policy in light of best practice
(expected to be completed by June 2025) the trustees consider that the ideal level of reserves would
be at at least three months expenditure which for the year ended 31 March 2024 for core funding
would be £201.264. In addition, an amount of £353,578 would be required to meet statutory
redundancy payments in the event they would be required and provision of £60.000 for unforeseen
liabilities. Therefore, overall the target for unrestricted free reserve5 is £614.842 of unrestricted
reserves. Thi5 policy is reviewed by the Audit and Risk Committee annually.
Unrestricted reserves freely available to spend. therefore excluding fixed assets, restricted reserves
and designated reseNes amounted to £684,934 which is above the target level.

Housing Rights
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continuedl
Year ended 31 March 2024
Plans for future periods
Our new Strategic Plan was launched to covers the period April 2024 March 2029. Housing Rights
aims, subject to satisfactory funding arrangements, to sustain current services. The organisation also
plans to develop new initiatives to meet the growing demand for assistance from people who are
homeless or in houslng need in Northern Ireland.
The organisation continues to recognise that the voluntsrylcommunity sector is in a period of financial
uncertainty with significant public expenditure savings being made within the Nl Executive budget.
Housing Rights intends to build on its effective relationship with funding bodies and to continue to
demonstrate that it provides an efficient and effective value for money service. We will continue to
evidence the high level of need for our work and to promote the positive outcome and impact of our
services for people in housing need in Northern Ireland. In addition, the organisation is committed to
strengthening its capacity and taking further steps towards its financial resilience.
Trustees. responslbllltles statement
The trustees. who are also directors for the purposes of company law, are responsible for preparing
the trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the state of affairs of the charitsble company and the incoming resources and
application of resources, including Ihe income and expendilure, for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently:
observe the method5 and principles in the applicable Charities SORP;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concem basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are SLrfficlent to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of Ihe charity and enable them to ensure that the financial 51atements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Housing Rights
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
so far as they are aware, there is no relevant audit infonrjation of which the charity's auditor is
unaware., and
they have taken all steps thal they ought to have taken as a trustee to make themselves aware of
any relevant audit information and to establish that the charity's auditor is aware of that
information.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on 5 December 2024 and signed on behalf of the board of
trustees by..
R Crozier
Trustee

Housing Rights
Company Limited by Guarantee
Independent Auditorfs Report to the Members of Housing Rights
Year ended 31 March 2024
Opinion
We have audited the financial statements of Housing Rights {Ihe 'charity') for the year ended
31 March 2024 which comprise the statement of financial activities (including income and expenditure
account). statement of financial position, statement of cash flows and the related notes, including a
summary of significant accounting policies. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitys affairs as at 31 March 2024 and of its
incoming resources and application of resources, including its income and expenditure, for the
year then ended"
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice"
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conduded our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditorfs
responsibiltties for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard. and the provisions available for small
entities, in the circumstances set out below. and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient
and appropriate to provid8 a basis for our opinion.
In common with many other businesses of our size and nature we use our size and nature, we use our
auditors to prepare and submit returns to the tax authorities and assist with the preparation of the
financial statements.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or conditions that. individually or collectively, may cast significant doubt on the charity's ability
to continue as a going concern for a period of at least twelve Months from when the financial
ststements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described
in the relevant sections of this report.
10

Housing Rights
Company Limited by Guarantee
Independent Audltorfs Report to the Members of Housing Rights (¢ontlnu•d)
Year ended 31 March 2024
Other information
The other infomiation comprises the information included in the annual report, other than the financial
statements and our auditorfs report thereon. The trustees are responsible for the other infomation.
Our opinion on the financial statements does not Cover the other information and. except to the extent
otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and. in doing so. consider whether the other infomiation is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misslatements, we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatement of the other infomiation. If, based on the work we have performed. we conclude
that there is a material misstst8ment of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report for the financial year for which the financial
statements are prepared is consistent with the financial ststements: and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of the knowledga and understanding of the charity and its environment obtained in the
course of the audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion-
adequate accounting records have not been kept. or returns adequate for our audit have not
been received from branches not visited by us. or
the financial 8tatements are not in agreement with the accountlng records and returns; or
certain disclosu￿S of trustees, remuneration specified by law are not made. or
we have not received all the infonnation and explanations we require for our audit: or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and tske advanlage of th8 small companies, exemptions in preparing the
directors, report and from the requirement to prepare a strategic report.

Housing Rights
Company Limited by Guarantee
Independent Auditor's Report to the Members of Housing Rights (continued)
Year ended 31 March 2024
Responsibllltles of trustees
As explained more fully in the trustees, responsibilities statement, the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial
slatements and for being satisfied that they give a true and fair view, and for such internal control as
the trustees determine is necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue as a going concern, disclosing. as applicable. matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative but to do so.
12

Housing Rights
Company Limited by Guarantee
Independent Auditor's Report to the Members of Housing Rights (¢ontinu•d)
Year ended 31 March 2024
Auditorfs responslbilities for the audit of the flnancial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement. whether due to fraud or error. and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance wilh ISAS (UK) will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud. are instances of non-complian￿ wilh laws and regulalions. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect
of irregularities. including fraud. The extent to which our procedures are capable of detecting
irregularities. including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities. including fraud
and non-compliance with laws and regulations. we considered the following:
the nature of the industy and sector, control environment and business perfomance including the
design of the remuneration policies. key drivers for directors, remuneration, bonus levels and
performance tsrgets.,
results of our enquiries of management about their own identification and assessment of the risks
of irregularities-
any matters we identified having obtained and reviewed documentation of their policies and
procedures relating to:
identifying, evaluating and complying with laws and regulations and whether
management were aware of any instsnces of non-compliance.
d&tecting and responding to the risks of fraud and whether management have knowledge
of any actual, suspected or alleged fraud,.
the internal controls established to mitigate risks of fraud or non-compliance with laws
and regulations.
the matters discussed among the audit engagement team Including significant component audit
teams and relevant internal specialists. including tax and valuations specialists regarding how and
where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures. we considered the opportunities and incentives that may exist within
the organisation for fraud and identified the greatest potential for fraud. In common with all audits
under ISAS (UK). we are also required to perform specific procedures to respond to the risk of
management override.
We also obtained an understanding of the legal and regulatory frameworks in operation. focusing on
provisions of those laws and regulations that had a direct effect on the determination of material
amounts and disclosures in the financial slatements. The key laws and regulations we considered in
this context included ongoing compliance with the UK Companies Act and tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on
the financial statements but compliance with which may be fundamental for their ability to operate or to
avoid a material penalty.
13

Housing Rights
Company Limlted by Guarantee
Independent Auditorfs Report to the Members of Housing Rights (continued)
Year ended 31 March 2024
As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain
professional scepticism throughout the audit. We also:
Identify and assess the risks of material misstatement of the financial statements. whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
detecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations. or the override
of internal control.
Obtain an understanding of internal control relevant to the audFt in order to design audit
procedures that are appropriate in the circumstances. but not for the purpose of expressing an
opinion on the effectiveness of the intemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained. whether a material uncertainty exists related to
events or conditions that may cast signrficant doubt on the charivs ability to continue as a going
concern. If we conclude that a material uncertainty exists. we are required to draw attention in
our auditor's report to the related disclosures in the financial statements or. rf such disclosures
are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditor's report. However, future events or conditions may cause the charity
to cease to continue as a going concern.
Evaluate the overall presentation. structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding. among other matters, the planned
scope and timing of the audit and significant audit findings. including any significant deficiencies in
intemal control that we identify during our audit.
14

Housing Rights
Company Llmlted by Guarantee
Independent Auditor's Report to the Members of Housing Rlghts (continued)
Year ended 31 March 2024
As explained more fully in the Trustees, Responsibilities Statement (set out on page 8), the trustees
are responsible for the preparation of the financial statements and for being satisfied that they give a
true and fair vlew. Our responsibility is to audit and express an opinion on the financial statements in
accordance with applicable law and International Standards on Auditing {UK). Those standards
require us to comply with the Financial Reporting Council's (FRC'S) Ethical Standard for Auditors,, in
the circumstances set out in note 31 to the financial statements.
Use of our report
This report is made solely to the charitys members. as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the
charity's members those matters we are required to state to them in an auditorfs report and for no
other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to
anyone other than the charity and th8 charity's mambers as a body. for our audit work. for this report,
or for the opinions we have formed.
Paul Dolan (Senior Statutory Auditor)
For and on behalf of
Finegan Gibson Ltd
Chartered aGcountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
5 December 2024
15

Housing Rights
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2024
2024
Restricted
fijnds Total funds Total funds
2023
Unrestricted
funds
Note
Income and endowments
Donations and legacies
Charitable activities
Other trading activities
Investment income
99,695
21,182
56,894
18,762
99,695
2.052,168
56,894
18,762
204,800
1.961,459
67,205
2,528
2.030.986
Total income
196,533
2.030.986
2.227.519
2.235.992
Expendlture
Expenditure on raising funds..
Costs of other trading activities
Expenditure on charitable activities
Total expenditure
(13,369)
(13,369)
(11,214)
(217.294) (2.024,548) (2,241,842) (2.236,345)
(230.663) (2.024,548) (2,255,211) (2,247.559)
10
Net gainsllosses on pension scheme
12
<11,640)
Net expenditure
(34,130)
6,438
(27,692)
(23,207)
Transfers between funds
69,297
(69,297)
Net movement In funds
35,167
(62,859)
(27,692)
(23,207)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
967,028
538,786
1.505,814
1,529.021
1,002,195
475,927
1,478,122
1,505.814
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 19 to 33 form part of thesa financial staternents.
16

Housing Rights
Company Llmited by Guarantee
statement of Financial Posltlon
31 March 2024
2024
2023
Note
Flxed assets
Tangible fixed assets
Investments
17
18
23.561
113
24,854
113
23,674
24,967
Current assets
Debtors
Cash at bank and in hand
19
257.756
1.646.698
226,489
1,430,301
1,656.790
1,904,454
Creditors: amounts falllng due wlthin one year
Net current assets
20
(423,665) (149.602)
1.480.789
1,507.188
Total assets less current Ilabllltles
1,504,463
1,532,155
Creditors: amounts falling du8 after more than one year
Net assets
21
(26,341)
1,478,122
(26,341)
1,505.814
Funds of the charity
Restricted funds
Unrestricted ftjnds
475.927
1.002.195
538,786
967,028
Total charlty funds
24 1,478,122
1,505,814
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 5
December 2024, and are signed on behalf of the board by:
R Crozier
Trustee
The notes on pages 19 to 33 form part of these flnanclal slatements.
17

Housing Rights
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operatlng actlvltles
Net expenditure
(27.692)
(23.207)
Adjustments ft)r.'
Depreciation of tangible fixed assets
Net gainsllosses on pension scheme
Other interest receivable and similar income
Accrued expenses
13,533
17.281
11.640
(2,528)
24.013
(18,762)
104,381
Changes in..
Trade and other debtors
Trade and other creditors
(31,267)
169,682
(34.760)
64.000
Cash generated from op8rations
209.875
56,439
Interest received
18,762
2.528
Net cash from operating activities
228.637
58,967
Cash flows from investing activitles
Purchase of tangible assets
Proceeds from sale of other investrnents
(12,240)
(13,973)
(11,640)
(25,613)
Net cash used in investing aclivities
(12.240)
Net Increase in cash and cash equlvalents
Cash and cash equivalents at beginning of year
Cash and cash equlvalents at end of year
216.397
1.430,301
33.354
1,396.947
1.646,698
1,430,301
The notes on pages 19 to 33 forni part of these Ilnan¢lal statements.
18

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General information
The charity is a public benefil entity 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 1 st Floor, Skainos Centre, 239-241 Newtownards Road, Belfast, BT4 1AF.
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 Gharities 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 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 enlity.
Golng concern
There are no material uncertainties about the charity's ability to continue.
Dlsclosure exemptions
Th6 entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such,
advantage has been taken of the following disclosure exemptions available under paragraph
1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estlmatlon uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors. including expectations
of future events that are believed to be reasonnable under the circumstances.
19

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (¢onlinued)
Year ended 31 March 2024
Accounting policies (contlnu8d)
Fund accounting
Unrestricled funds are available for use at the discretion of the trustees to fijrther any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected lo restrictions on their expenditure declared by the donor or
through the temis of an appeal, and fall inlo one of two sub-classes: restricted income funds or
endowment funds.
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 seNices 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.
20

Housing Rights
Company Limited by Guarantee
Notes to the Financlal Ststements {contlnu8d)
Year ended 31 March 2024
Accounting policies (conllnuodj
Resources expended
Expendlture Is recognised on an accruals basis as a liabllity 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-charilable 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 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
between the activities they contribute to on a reasonable. justifiable and Gonsistent basis.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The
aggregate benefit of lease incentives is recognised as a reduction to expense over the lease
term. on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost. and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tsngible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulaled impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other
recognised gains and losses. unless il reverses a charge for impairment that has previously been
recognised as expenditure wilhin the statement of financial activities. A decrease in the carying
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 calculat8d 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:
Fixtures and fittings
Equipment
200h straight line
33% straight line
21

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (eonlinu
Year ended 31 March 2024
Accounting policies {contlnuedJ
Inveslments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair
value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in
income or expenditure.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost
less any accumulated impairment losses.
Investments in associates accounted for in accordance with the fair value model are initially
recorded at the transaction price. At each reporting date, the investments are measured at fair
value. with changes in fair value taken through income or expenditure. Where it is impracticable
to measure fair value reliably without undue cost or effort. the cost model viill be adopted.
Dividends and other distributions received from the investment are recognised as income without
regard to whether the distributions are from accumulated profits of the associate arising before or
after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are
recorded at cost less any accumulated impairment losses.
Investments in jointly controlled entities accounted for in accordance with the fair value model are
initially recorded at the transaction price. At each reporting date. the investments are measured
at fair value. with changes in fair value taken through income or expenditure. Where it is
impracticable to measure fair value reliably without undue cost or effort, the cost model will be
adopted.
Dividend5 and other distributions received from the investment are recognised as income wilhout
regard to whether the distributions are from accumulated profils of the joint venture arising before
or after the date of acquisition.
Impaimient 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 carying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also ￿vieWed 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 a55et and generates cash inflows that largely
independent of the cash inflows from other assets or groups of a55ets.

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 March 2024
Accounting policies (contlnuedj
Impairnient of fixed assets (contlnued)
For impairment testing of goodwlll, 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 lo 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
re￿gnised in income and expenditure. All other such investments are subsequently measured at
cost less impainnent.
other financial instwments. including derivatives. are initially recognised at fair value, unless
payment for an asset is d8ferr8d beyond normal business tems 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 futur8
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 Gost are reviewed for objective evidence
of impaimient 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 ststement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually signlficant, these are assessed individually for impairment. Other financial assets are
8ither 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 Ihe impairment not previously been recognised.
23

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Accounting policies (contlnu•dJ
Defjned contribution plans
Contributions to detlned contribution plans are recognised as an expense In the period in which
the related service is provided. Prepaid contributions are recognised as an asset to the extent
that the prepayment will lead lo a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the
reporting date in which the employees render the related service, the liability is measured on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which it arises.
Llmlted by guarantee
Each of the members of the company has guaranteed to contribute to the assets of the company
in the event of the same being wound up to the extent of £1.
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations
99,695
99,695
204,800
204.800
Charitable activitles
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Department for Communities
Oak Foundation
Northern Ireland Housing Executive
Northern Ireland Prison Service
HPCDS (LSANI)
Legal Services
Other Income
Nationwide Foundation
Community Justice Fund
Dormant Accounts Fund Nl
Henry Smith Charity
OCN Grant
LEF
Community Foundation
1,056,204
300,000
352.795
132,632
10,462
1,056,204
300,000
355,967
132,632
10,462
14,608
1,357
43,538
3,172
14,608
1,357
43,538
30,000
39.200
30,000
39,200
2,045
41,155
25,000
2.052,168
2,045
41.155
25.000
21,182
2.030.986
24

Housing Rights
Company Limited by Guarantee
Notes to the Financlal Statements feontlnuad)
Year ended 31 March 2024
Charitable activities (contlnugd)
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Department for Communities
Oak Foundation
Northern Ireland Housing Executive
Northern Ireland Prison Service
HPCDS (LSANI)
Legal Services
Other Income
Nalionwide Foundation
Community Justice Fund
Domiant Accounts Fund Nl
Henry Smith Charity
OCN Grant
LEF
Community Foundation
1,028,383
300,000
329,591
109,361
10,463
1,028,383
300,000
333,575
109,361
10,463
13,343
360
64,339
12,196
35.000
38.700
1.725
14,014
3,984
13,343
360
64,339
12,196
35,000
38.700
1,725
14.014
31,608
1,929,851
1.961,459
other trading activities
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
Fundraising and events
Sale of Publications
Membership Fees
Training and Events
Conference & Events income
560
560
4.327
180
7,400
38,345
16,953
4,327
180
7,400
38,345
16,953
6,896
37,083
12,355
6,896
37.083
12.355
56,894
56,894
67.205
67,205
Investment Income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Deposit Account
18,762
18,762
2,528
2,528
Costs of other trading activities
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Costs of other trading activities
13,369
13,369
25

Housing Rights
Company Llmlted by Guarantee
Notes to the Financial Statements (eontlnu•d)
Year ended 31 March 2024
Costs of other trading activities (contlnued)
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Costs of other trading activities
10,250
964
11,214
10. Expenditure on charltable actlvltles by actlvlty type
Activtties
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Relieving Poverty, Homelessness &
Housing Issues
Governance costs
2,062,574
174.048
5.220
2.236,622
5.220
2.231,335
5,010
2,236,345
2,062,574
179.268
2.241.842
11. Analysis of support costs
Analysis of
support costs Total 2024 Total 2023
Staff costs
Premises
Communications and IT
General office
Governance costs
158,498
6,294
1,269
7,987
5,220
158.498
6.294
1,269
7.987
5,220
179.268
159.545
6.586
2.932
1.740
5,010
179,268
175.813
12. Net galnsllosses on penslon scheme
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Gainsl{losses) on other investment
assets
(11.640)
(11.640)
13. Net expendlture
Net expenditure is ststed after chargingl{crediting)'.
2024
2023
Depreciation of tangible fixed assets
13.533
17,281
26

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
14. Audltors remuneration
2024
2023
Fees payable for the audit of the financial statements
5,220
5,010
15. Staff costs
The total staff costs and employee benefits for the reporting pertod are analysed as follows..
2024
2023
Wages and salaries
Social security costs
Employer contributions to pansion plans
Other employee benefits
1.488.939
141.440
68.694
1,408,240
137,920
67,834
1,713
1,615.707
1.699.073
The average head count of employees during the year was 51 (2023: 54).
The number of employees whose remuneration for the year fell within the following bands. were:
2024
2023
No.
£60,000 to £69.999
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for
planning, directing and controlling the activities of the charity. The total compensation paid to key
management personnel for services provided to the charity was £204,692 (2023:£199,066).
16. Trustee remuneratlon and expenses
The Charity Trustees were not paid or received any other benefits from employment with the
Charity in the year (2023: £Nil).
During the year, one Trustee was reimbursed £470 for travel expenses incurred. (2023: £383)
27

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements feontlnuadj
Year ended 31 March 2024
17. Tanglble flxed assets
Fixtures and
fittings
Equipment
Total
Cost
At 1 April 2023
Additions
30,635
139.273
12.240
169,908
12,240
At 31 March 2024
30,635
151,513
182,148
D8preclatlon
At 1 April 2023
Charge for the year
At 31 March 2024
29.277
1,118
115.7TT
12.415
145.054
13.533
30,395
128,192
158.587
Carrying amount
At 31 March 2024
240
23,321
23.561
At 31 March 2023
1,358
23,496
24.854
18. Investments
Listed
Investments
Cost or valuatlon
At 1 Aprll 2023 and 31 March 2024
Impaim)ent
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
113
113
At 31 March 2023
113
All investrnents shown above are held at valuation.
Financial assets held at fairvalue
Listed investments are held at market value.
19. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
36.836
26.441
194.479
72,290
17,572
136.627
257.756
226,489
28

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (eontlnu8d)
Year ended 31 March 2024
20. Credltors: amounts falling due within one year
2024
2023
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
93,872
159.841
31.550
138.602
45,989
56,647
45,339
1,627
149,602
423.665
21. Creditors: amounts falllng due after more than one year
2024
2023
Other creditors
26.341
26,341
22. Deferred income
2024
2023
At 1 April 2023
Amount released to income
Amount deferred in year
At 31 March 2024
8,200
(8.200)
7,013
8,200
7,013
8,200
23. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined
contribution plans was £68.694 {2023: £67,834).
29

Housing Rights
Company Llmited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
24. Analysis of charitable funds
Unrestrfcted funds
At
1 Apr 2023
Gains and
losses
At31
Mar 2024
Income Expenditure
Transfers
General Funds
Pension
withdrawal
designated Fund
Training
Future
accommodation
designated fijnd
687.847
120.606
{169,255)
78,478
717,676
220,000
220,000
14,519
75,927
(61.408)
59.181
(9,181)
69,297
50,000
1,002.195
967,028
196,533
(230,663)
At
1 Apr 2022
Gains and
losses
At31
Mar 2023
Income Expenditure
Transfers
General Funds
Pension
withdrawal
designated Fund
Training
Future
accommodation
designated fund
620,771
306.141
(215,155) (12.270) (11,640)
687,847
415,000
{236.432)
41.432
220.000
59.181
59.181
1.035.771
306.141
(451.587)
88.343
(11,640)
967.028
£220,000 has been designated to help enable the Charity fund a complete cessation from the Nl
Charities Pension Scheme. and cover any additional liabilities and professional costs associated
with complete withdrawal. The income. less associated expenditure. generated from training
courses delivered has been designated for future investment in training delivery. £50.000 has
been designated to cover the costs of relo￿tIng Housing Rights offices in Ihe future.
30

Housing Rights
Company Llmited by Guarantee
Notes to the Financial Statements (¢ontinu8dJ
Year ended 31 March 2024
24. Analysis of charitable funds fcontlnu8d)
Restricted funds
At
1 Apr 2023
Gains and
losses
At31
Mar 2024
Income Expenditure
Transfers
CHAP
Hani
Prisons
Beyond the Gate
HPCDS
Client Hardship
Fund
Dfc Mediation
Landlord Helpline
BME
Nationwide
Foundation
YPHAMS
Community
Justice Fund
National Lottery
Awards for All
Domiant
Accounts Fund Nl
l Digital
New Oak
Foundation
Dfc Core
Legal Education
Fund
Community
Foundation Nl
147,717
40.859
66.317
13,092
18,454
107.973
47,997
237,012
92.445
10,462
{92.542) (22,025)
(44.412)
(3,678)
(211.656} (25,356)
{85,119)
(7.214)
(15,714)
(1.623)
141,123
40,766
66,317
13,204
11,579
2,371
89,435
40,821
12,246
(1,504)
5.000
(157,694) (13.918)
(47,830)
(3.617)
5,867
82,177
50.631
40.005
12.246
33,642
2,959
43.538
39.200
(44,657)
(71,403)
(6.886)
35.973
25.637
6.729
900
900
34,508
30,000
(98.201)
94,081
62,388
23,524
300,000
923.396
(195.015} (104,755)
(916,574)
(6.822)
23,754
11,941
41,155
(29,722)
(8.457)
14,917
25.000
{14,505)
538,786 2,030,986 (2.024,548) (69,297)
10.495
475,927
At
1 Apr 2022
Gains and
At
losses 31 Mar 2023
Income Expenditure
Transfers
CHAP
Hani
Prisons
Beyond the Gate
HPCDS
Client Hardship
Fund
147.280
37.468
65,671
14.461
27.511
104,286
45,758
205,070
83,838
10,463
(92.838) (11,011)
(40.957)
(1,410)
(191.665) (12,759)
(80,625)
(4.582)
(18,600)
(920)
147,717
40,859
66.317
13,092
18,454
823
(452)
2.000
2,371
31

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (contlnu8d)
Year ended 31 March 2024
24. Analysis of charitable funds (contlnuod)
Dfc Mediation
Landlord Helpline
BME
Nationwide
Foundation
YPHAMS
Community
Justice Fund
National Lottery
Awards for All
Dormant
Accounts Fund Nl
l Digital
New Oak
Foundation
Dfc Core
Legal Education
Fund
Community
Foundation Nl
61.641
35.125
12,246
98,613
50,253
(60.798) (10,021)
(38.183)
(6.374)
89,435
40,821
12,246
11,756
3,827
64.339
38,700
(35,984)
(6,469)
(19,937) (19,631)
33,642
2,959
900
900
1,848
(1,848)
35,000
35,000
(125,492)
90,000
34,508
37.693
300.000
879,517
{214,052) (100,117)
(873.960)
(5.557)
23,524
14,014
(581)
(1.492)
11,941
493.250 1,929,851 (1,795,972) (88,343)
538,786
Transfers out of restricted funds related to project management costs and other intemal
expenditure transactions.
25. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Creditors greater Ihan 1 year
Net assets
23.561
23,561
113
113
1.263.112
641.342
1,904.454
(258.250) (165.415) (423.665)
(26.341)
(26.341)
1,002.195
1,478.122
475.927
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
24.854
113
1,049,079
(80,677)
(26,341)
967.028
24,854
113
607,711
1,656,790
(68,925) (149,602)
(26.341)
1,505.814
538.786
32

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (eontlnued)
Year ended 31 March 2024
26. Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
27. Corporation tax
The Charity's activities fall within the exemptions afforded by the provisions of the Income and
Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
28. Contlngent liabilities
During the year. the charity received correspondence from their pension fund administrators to
advisa that changes had been made in the past to the benefits provided to members of the
Scheme which may not have b88n executed as required by the Scheme's documentation. The
pension fund trustees are seeking court direction, likely to be no earlier than 2023. on how to
interpret the rules. If the court directs that some changes were made in a way not pemiitted by
the Rules then consequently members, benefits would need to be increased, which would give
rise to additional liabilities, of an estimated £140,000 and associated costs. including legal costs.
of an estimated £12.000.
29. Analysls of changes in net debt
At
At 1 Apr 2023 Cash llows 31 Mar 2024
Cash at bank and in hand
1.430.301
216.397
1,646,698
30. Operating lease commitments
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
67,680
22,560
67,680
90,240
90,240
157,920
31. Related parties
There were no related party transactions in the financial year ended 31 March 2024 {2023:
None).
32. Ethical standards
In common with many other businesses of our size and nature we use our auditors to prepare
and submit returns to the tax authorities and assist with the preparation of the financial
statements.
33