COMPANY REGISTRATION NUMBER: N1021018
CHARITY REGISTRATION NUMBER: NIC105735
Housing Rights
Company Limited by Guarantee
Financial Statements
31 March 2025
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN

Housing Rights
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2025
Page
Trustees, annual report (incorporating the director's report)
Independent auditorfs report to the members
Statement of financial activities (including income and
expenditure account)
11
17
Statement of financial position
Statement of cash flows
18
19
Notes to the financial statements
20

Housing Rights
Company Limited by Guarantee
Trustees. Annual Report {Incorporating the Director's Report)
Year ended 31 March 2025
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 2025.
Reference and administrative details
Registered charity 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
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 6 February 2025)
(Resigned 5 December 2024)
Company secretary
Catherine Mccauley
Auditor
Finegan Gibson Ltd
Chartered accountants & ststutory 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) {contlnued)
Year ended 31 March 2025
Solicitors
Cleaver Fulton Rankin
50 Bedford Street
Belfast
BT2 7FW
Structure, governance and management
Governing Document
Housing right is a company limited by guarantee govemed 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 Northern Ireland. Housing Rights 15 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 Gontribution to the governan￿ of the Gharity. As part of the
recruitment process they are made aware of a Trustees, legal obligations under charity and Gompany
law, the content of the Memorandum and Articles of Association, the committee and deGision 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.
Arrangements 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 nonnally increased in accordance with Northern
Ireland Civil Service Pay Award5. 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 /0
for any additional

Housing Rights
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnuedj
Year ended 31 March 2025
responsibilities.
Organisation structure and how charity makes decisions
The Board, as the governing body, Can have up to 15 member5. The Board normally 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 resour¢es 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 charilable
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 responsibility 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 praGtiGe.
Relationships with related parties
None of our trustees receive 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 uncertaintie5 that Ihe charity faces.,
the establishment of poliGies. systems and procedures to mitigate those risks identified 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 Risk
There is an external risk with the Northern Ireland Charities Pension Scheme (now closed} impacting
on the financial liability of Housing Rights to its pension commitments for that Scheme. The Board
continue to proactively review and explore all options to assess and manage this risk effectively.

Housing Rights
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) {Gontinued)
Year ended 31 March 2025
Objectives and activities
The charity's objectives are to promote the following purposes for the public benefit..
The relief 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 exclusively charitable purpose according to the Law of Northem Ireland as the
Directors may from time to time decide.
Housing Rights believes that prevention of homelessness is the best cure. In Northern 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 PSan 2024-29. These include..
1. People live in good quality. affordable and sustainable homes that meet their needs.
a. Prevent homelessness
b. Improve housing circumstan￿5 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 infonmation they need to make decisions about their housing
circumstances
Further strategic priorities relating to influencing policy and practice and strengthening our capacity,
are also included in our Plan. In shaping our priorities and objectives 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 ￿pOrting year..
A Housing Advice line for members of the public and stafflvolunteers working in frontline agencies
A public information website {www.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 information 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 Llmited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (continued)
Year ended 31 March 2025
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 sustain
accommodation and access key support seNices
Provision of a helpline on behalf of Lisburn and Castlereagh City Council 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 Lisburn and Casllereagh City Council to help resolve
housing disputes in the private rented sector as an alternative to Court.
A new and unique specialist housing advocacy and mediation service 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 Director's Report) (continued)
Year ended 31 March 2025
Achievements and performance
Significant achievements in the year included..
1. Dealing with 13.364 contacts for advice on housing and homelessness issues across N.1. including
an increase in digitsl advice to 330/0 of the provision with 4,406 contacts.
2. Preventing 1,120 households from becoming homeless,.
Over 306.406 individual users viewed pages on our public information website
(www.housingrights.org.uklhousing-advice)
4. Providing advice to 1,516 landlords Iletting agent contacts operating in the private sector to help
promote statutory compliance and good practice.,
5. Secured a redesign of the Landlord Registration funded PRS Mediation service, which following a
public tendering competition. Housing Rights was successful in winning the contract for the service's
delivery. In year, 235 landlords and tenants used the mediation service to help resolve their dispute.
6. Development and delivery of a unique specialist housing advocacy and mediation service to 303
young people during the year to help p￿vent homelessness.
7. Supported
over 1350 practitioners through our tpining service with 960/0 of those attending
reporting that they had up to date skills and knowledge on housing and homelessness as a
consequence of their attendance.
8. Supported increased demand from sectoral partners for our advice with 2452 other practitioners
supported through our helpline (a 220/0 increase on last year). 94 % of practitioners within partner
agencies told us they were now better informed to give appropriate housing advice.
9. Influencing 35 recommendations and changes to housing policyllegislation, including the inclusion
of housing as a priority in the Nl Executive Programme for Government. and specific
recommendations on homelessness prevention in the Nl Audit Office report on homelessne5S.
Furthermore, sections 7, 8 and 10 of the Private TenanGies Act became live, following extensive
engagement with Housing Rights and the Department for Justice took on board Housing Rights
concerns about new Antisocial Behaviour legislation, inviting Housing Rights to a working group on the
issue.
10. Housing Rights launched a new 5 year strategy 'People. Prevention and Partnership, to guide the
organisation's strategic direction over the next 5 years. The strate4gy was launched at an event to
mark the organisation's 60th anniversary at a Stormont event at which the UN SPECIAL Rapporteur
on Adequate Housing delivered the keynote address.
The Annual Review document. known as our Impact Report, for the period 2024-25 will be available at
our Annual General Meeting which will be held prior to 31st March 2026.

Housing Rights
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) f¢ontinued)
Year ended 31 March 2025
Financial review
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 organisation reports lo funders
directly on its work in tailored annual reports and also through a published Annual Review (Impact
Report).
The movement in reseNes and transfers between reseNes for the year are shown in the Statement of
Financial Activities on page 16. The balance of unrestricted reserves was £1.200,112 and the balance
of restricted reserves was £453,542 at 31st March 2025.
Investment powers and policy
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). Housing Rights, aim in
investing its fvnds is to protect and develop the Charity's resources to enable it to carry out its
charitable aclivities.
The Board of Directors of Housing Rights has the power to make investments on behalf ofthe Charity,
as set out in the Articles of Association which also empowers the Board to delegate the management
of the investements to a Financial Expert or investment manager.
The Trustees have carefully considered the needs of present and future beneficiaries, and how the
organisation can best satisfy its stskeholders. The Trustees have framed the investment objectives
with these factors in mind. The core objectives for the portfolio are to grow the value of the capital to a
greater amount than that would be achieved with the high street banks.
The charity will adopt the basic principle that it will apply a pnjdent approach to investing funds across
it5 Porttolio. The Charity seeks to strike the right balance between providing income for short term
purposes and enhancing the value of invested funds to enable it to effectively Gary out its charitable
activities in the long term. In managing the investments and making or varying the investments, the

Housing Rights
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (contlnu
Year ended 31 March 2025
Manager must have regard to the following:
the suitability of that particular investment as an investment in its own right
the suitability to Housing Rights of a particular investment being made or being retained
the need for portfolio diversification, so far as is appropriate to the circumstances of the charity
the adoption of a Risk Profile described as very low meaning the investor tends to be very
conservative taking financial risks and prefers security over the possibility of growth.
any need to retain a strategic liquidity reserve within the fund
any anticipated capital withdrawals
The Manager will have the flexibility to invest in a spread of cash and cautious bond instruments. If in
any doubt as to the suitability of an investment. the Manager should seek guidance from the Trustees.
In accordance with Charity Commission guidance, the trustees choose not to invest directly in
companies or other organisations involved in tobacco production, E-cigarettes, fossil fuels and
armaments. The trustees do not routinely require the fund manager or custodian to take an active
role on behalf of the trustees by exercising company members, voting rights in a particular way.
However. the trustees reserve the right to request and review voting records and infomiation on any
other engagement with companies in the portfolio and to seek explanations thereof.
Given Housing Rights charitable status and the current UK tax regime, capital gains tax and income
tax will not be applicable
Housing Rights 15 short term in its approach. with a time horizon of less than 3 years. The Trustees will
monitor the performance of the portfolio over the long term. and on a quarterly and annual basis.
Perfomiance reviews will analyse the total return generated by the portfolio. The Manager will produce
detailed investment reports with reports on every transaction. including a portfolio valuation, as at the
end of March. June, September. and December, and at other limes if required. In managing the
investment the manager will at all times act in accordance with the requirements outlined in section 2.
The Manager will meet fomially with the Trustees at least annually.
The formal benchmark will be agreed with the investment manager and will be measured over one
year, three year, and five year rolling periods. The Manager should aim to outperform this measure,
while ensuring that the agreed risk profile is adopted in managing the portfolio.
The Audit and Risk Committee of the Board of Director5 will review the Investment Policy Statement
annually, in accordance with the annual review of the reserves policy. They will discuss and agree on
any amendments with the Financial expertlinvestment manager.
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 shortralls 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 December 2025) the trustees consider that the ideal level of reseNes
would be at least three months operating costs which for the year ended 31 March 2025 for core
funding would be £211,332. In addition, an amount of £439,725 would be required to meet statutory
redundancy payments in the event Ihey would be required and provision of £60.000 for unforeseen
liabilities. Therefore. overall the target for unrestricted free reserves is £711.057. This policy is
reviewed by the Audit and Risk Committee annually.
Unrestricted reserves freely available to spend, therefore excluding fixed assets. restricted reserves
and designated reserves amounted to £861,859 which is above the target level.

Housing Rights
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continue
Year ended 31 March 2025
Plans for future periods
Our new Strategic Plan was launched to COV8rs 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 housing need in Northern Ireland.
The organisation continues to recognise that the voluntarylcommunity 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. responsibilities 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 charitable company and the incoming resources and
application of resources, including the income and expenditure, for that period.
In preparing these financial ststements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the applicable Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent.
prepare the financial statemenls on the going concern 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 sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial
P051tion of the charity and enable them to ensure that the financial statements 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 2025
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 information of which the charity's auditor is
unaware; and
they have taken all steps that 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 20 November 2025 and signed on behalf of the board of
trustees by:
R Crozier
Trustee
10

Housing Rights
Company Limited by Guarantee
Independent Auditor's Report to the Members of Housing Rights
Year ended 31 March 2025
Opinion
We have audited the financial statements of Housing Rights (the 'charity') for the year ended
31 March 2025 which comprise the statement of financial activitie5 (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 charity's affairs as at 31 March 2025 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 p￿pared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilities for the audit of the financial statement5 section of our report. We are independent of
the Gharity in accordance with the ethical requiremenls Ihat 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 responsibilitie5 in
accordance with these requirements. We believe that the audit evidence we have obtained 15 sufficient
and appropriate to provide 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 tsx aLrthorities and assist with the preparation of the
financial statements.
Conclusions relating to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern
basi5 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 concem for a period of at least twelve months from when the financial
statements 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.
11

Housing Rights
Company Limited by Guarantee
Independent Auditor's Report to the Members of Housing Rights (¢ontinued)
Year ended 31 March 2025
Other Information
The other information comprtses the information included in the annual report, other than the financial
statements and our auditorfs report thereon. The trustees are responsible for the other infonnation.
Our opinion on the financial statements does not cover the other infomiation 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 information 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 misstatements, we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatement of the other information. If. based on the work we have performed. we conclude
that there is a material misstatement 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 statements- and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge 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 statements are not in agreement with the accounting records and returns., or
certain disclosures of trustees, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit., or
the trustees were not entitled to prepare the finanGial Statements in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the
directors, report and from the requirement to prepare a strategic report.
12

Housing Rights
Company Limited by Guarantee
Independent Auditor's Report to the Members of Housing Rights (continued)
Year ended 31 March 2025
Responsibllitles of trustees
As explained more fully in the trustee5' responsibilities statement, the trustees (who are also the
directors for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such intemal 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.
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 Stsndard for Auditors,, in the circumstances set
out in note X to the financial statements.
In preparing the financial statements. the trustees a￿ responsible for assessing the charity's ability to
continue as a going concern, disclosing. as applicable. matters related to going concem 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.
13

Housing Rights
Company Limited by Guarantee
Independent Auditor's Report to the Members of Housing Rights (continued)
Year ended 31 March 2025
Auditor's responsibilities for the audit of the financial 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 with ISAS (UK) will aiways detect a material misstatement when it
exists. Misststements can arise from fraud or error and are considered material if. individually or in the
aggregate, they could reasonably be expected to inftuence the economic decisions of users taken on
the basis of these financial statements.
Irregularities. including fraud. are instances of non-complian￿ with laws and regulations. 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 industry and sector, control environment and business performance including
the design of the remuneration policies. key drivers for directors, remuneration. bonus levels and
performance targets.,
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 instances of non-compliance"
detecting 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 intemal 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 finanGial statements. 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.
14

Housing Rights
Company Limited by Guarantee
Independent Auditor's Report to the Members of Housing Rights (continued)
Year ended 31 March 2025
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and rnaintain
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 perfO￿n 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 intemal control.
Obtain an understsnding of internal control relevant to the audit 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 internal 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 eviden￿ obtained. whether a material uncertainty exists related to
events or conditions that may Gast significant doubt on the charty's ability to continue as a going
concern. If we conclude that a material uncertainty exists, we are required to draw attention in
our auditorfs report to the related disclosures in the financial statements or, if such disclosures
are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained
up to the date of our auditorfs 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
internal control that we identify during our audit.
15

Housing Rights
Company Limlted by Guarantee
Independent Auditor's Report to the Members of Housing Rights (Continued)
Year ended 31 March 2025
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 view. Our responsibility is to audit and express an opinion on the financial statements in
accordance with applicable law and Intemational 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 32 to the financial statements.
Use of our report
This report is made solely to the charity's 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 state to the
charity's members those matters we are required to state to them in an auditor's 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 the charity's members as a body, for our audit work, for this report,
or for the opinions we have fomed.
Paul Dolan (Senior Statutory Auditor)
For and on behalf of
Finegan Gibson Ltd
Chartered accountants & statutory auditor
Causeway Tower
9 James Street South
Belfast
BT2 8DN
20 November 2025
16

Housing Rights
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Restricted
funds Total funds
2024
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacies
Charitable activities
Other trading activities
Investment income
184.465
35.156
69.688
34.531
184,465
2.193.634
69.688
34,531
99,695
2,052,168
56,894
18.762
2,158,478
Total income
323,840
2,158,478
2,482,318
2,227.519
Expenditure
Expenditure on raising funds..
Costs of other trading activities
Expenditure on charitable activities
Total expenditure
(32,636)
132,636)
(13,369)
(87,752) (2,186,398) (2,274,150) (2,241,842)
(120.388) (2,186.398) (2,306,786) (2,255,211)
10
Net incomel{expenditure)
203,452
{27.920)
175,532
127,692)
Transfers between funds
(5,535)
5,535
Net movement in funds
197,917
(22.385)
175.532
(27.692)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
1,002.195
475,927
1,478.122
1,505.814
1,200.112
453.542
1,653,654
1,478,122
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 20 to 34 form part of these flnancial statements.
17

Housing Rights
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
2025
2024
Nole
Fixed assets
Tangible fixed assets
Investments
16
17
38,140
113
23,561
113
38,253
23,674
Current assets
Debtors
Investments
Cash at bank and in hand
18
219.631
19 1,012,859
680.258
257,756
1,646,698
1,912.748
1.904,454
Credbtors: amounts falling due wilhin one year
Net current assets
20
(271.006) (423,665)
1,641,742
1,480,789
1,679.995
1.504,463
Total assets less Current liabilities
Creditors: amounts falling due after MO￿ than one year
Net assets
21
(26,341)
1,653,654
(26,341)
1,478,122
Funds of the charity
Restricted funds
Unrestricted funds
453,542
1.200,112
475,927
1,002.195
Total charity funds
1,653,654
1,478,122
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 20
November 2025, and are signed on behalf of the board by:
R Crozier
Trustee
The notes on pages 20 to 34 form part of these financial statements.
18

Housing Rights
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2025
2025
2024
Cash flows from operating activities
Net in¢omel(expenditure)
175.532
(27,692)
Adjustments for..
Depreciation of tangible fixed assets
Dividends, interest and rents from investments
Other interest receivable and similar income
Accrued {incomeyexpenses
12,193
(13,103)
(21,428)
(87,512)
13,533
(18,762)
104,381
Changes in..
Trade and other debtors
Trade and other creditors
38,125
(65.147)
38.660
{31,267)
169.682
Cash generated from operations
209,875
Interest received
21.428
18,762
Net cash from operating activities
60.088
228,637
Cash flov￿ from investing activities
Dividends, interest and rents from investments
Purchase of tangible assets
Purchases of other investments
13.103
(26,772)
(1.012,859)
(1,026,528)
(12,240)
Net cash used in investing activities
(12.240)
Net (decrease)Ilncrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
(966,440)
1.646,698
216,397
1,430,301
680,258
1,646.698
The notes on pages 20 to 34 form part oflhese financial statements.
19

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
General information
The charity is a public benefit 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 1st Floor, Skainos Centre, 239-241 Newtownards Road. Belfast, BT4 1AF.
Statement of compliance
These financial statements have been prepared in Complian￿ with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accountlng 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 properbes measured at fair
value through income or expenditure.
The financial statements are prepared in sterling. which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The 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 estimation 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.
20

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements fcontinued)
Year ended 31 March 2025
Accounting policies (continued)
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular futu￿ project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classe5: restricted income fijnds or
endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed lo the charity; it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift. receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted se￿1￿. 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.
21

Housing Rights
Company Llmited by Guarantee
Notes to the Financial Statements (Continu￿)
Year ended 31 March 2025
Accounting polici8s (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates..
expenditure on raising fund5 includes the costs of all fundraising activities, events,
non-charitable trading activities. and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitsble
activities.
other expenditu￿ includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitsble activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributsble to a single activity are allocated directly to that activity. Shared costs are apporttoned
between the activitie5 they contribute to on a reasonable, justifiable and consistent 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 ststed at cost less any
accumulated depreciation and impairment losse5. Any tangible assets Garried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated 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, unle5S It reverse5 a Gharge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, les5 its residual
value, over the useful economic life of that asset as follows:
Fixtures and fittings
Equipment
20.￿ straight line
330/0 Straight line
22

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
Accounting policies {GontinuedJ
Investments
Unlisted equity investments are initially recorded at cost, and subsequently rneasured 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 pri￿. 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 Gost model will be adopted.
Dividend5 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 accordan￿ 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
impractiGable to measure fair value reliably without undue cost or effort. the cost model will 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 joint venture arising before
or after the date of acquisltion.
Impairnient of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairment5 are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset. an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from olher assets or groups of assets.
23

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (¢onlinued)
Year ended 31 March 2025
Accounting policies (continued)
Impairment of fixed assets fcontinued)
For impairment testing of goodwill, the goodwill acquired in a business combination is. from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recogni5ed at the amount receivable or payable including
any related transaction costs.
Current assets and cu￿ent liabilities are subsequently measured at the cash or other
consideration expected to be paid or re￿iVed and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial instruments. including derivatives, are initially recognised at fair value, unle55
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate. in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amorti5ed cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant. these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately. to the extent that the reversal does not
result in a carying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
24

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements f¢onlinu8d)
Year ended 31 March 2025
Accounting policies (¢ontinu8d)
Defined contribution plans
Contributions to defined 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 to 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.
Limited 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
2025
Funds
2024
Donations
Donations
184,465
184.465
99.695
99,695
Charitable activities
Unrestricted
Funds
Restricted Total Funds
Funds
2025
Department for Communities
Oak Foundation
Northern Ireland Housing Executive
Northern Ireland Prison Service
HPCDS (LSANI)
Legal Services
other Income
Nationwide Foundation
Dormant Accounts Fund Nl
Henry Smith Charity
OCN Grant
LEF
Community Foundation
TDS
National Lottery
Co-ownership Grant
1,012,461
324.995
381.807
161.925
13,783
1,012,461
324,995
381,807
161,925
13.783
6,487
3,961
52.700
6.487
3,961
52,700
60,000
60.000
1,375
64,488
33.231
10.000
55.446
10.975
1,375
23,333
41,155
33,231
10,000
55,446
10,975
35,156
2.158,478
2.193.634
25

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements fcontinu8d)
Year ended 31 March 2025
Charitable activities (continu8d)
un￿StrICted
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
Dormant Accounts Fund Nl
Henry Smith Charity
OCN Grant
LEF
Community Foundation
TDS
National Lottery
Co-ownership Grant
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
30,000
39,200
2.045
41.155
25,000
3.172
14,608
1,357
43.538
30.000
39,200
2.045
41,155
25,000
21,182
2,030,986
2.052,168
Other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Fundraising and events
Membership Fees
Training and Events
Conference & Events income
560
6.896
37.083
12.355
560
6,896
37.083
12.355
14,543
45,727
9,418
14,543
45,727
9,418
69,688
69,688
56,894
56.894
Investment income
Unrestricted Total Funds Unrestrided Totsl Funds
Funds
2025
Funds
2024
Income from listed investments
Deposit Account
13.103
21,428
13,103
21,428
34,531
18,762
18.762
34,531
18.762
18.762
26

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnuedJ
Year ended 31 March 2025
Costs of other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2025
Funds
2024
Costs of other trading activities
32.636
32,636
13,369
13,369
10. Expenditure on charitable activities by activity type
Activities
undertaken
directly Support costs
Total funds
2025
Total fund
2024
Relieving Poverty. Homelessness &
Housing Issues
Govemance costs
2.085,448
182,582
6,120
2.268.030
6,120
2,236,622
5,220
2.085,448
188,702
2,274,150
2,241,842
11. Analysis of support costs
Analysis of
support costs
Total 2025 Total 2024
Staff costs
Premises
Communications and IT
General office
Govemance costs
166.171
7.005
7.834
1,572
6.120
166,171
7,005
7,834
1,572
6,120
158.498
6,294
1,269
7.987
5.220
188,702
188,702
179,268
12. Net incomel(expenditure)
Net incomel(expenditure) is stated after chargingl(crediting):
2025
2024
Depreciation of tangible fixed assets
12,193
13.533
13. Auditors romuneration
2025
2024
Fees payable for the audit of the financial statements
6,120
5.220
27

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2025
2024
Wages and Salaries
Social security costs
Employer contributions to pension plans
1.547,576
148,792
75,465
1,488,939
141,440
68,694
1,771.833
1,699,073
The average head count of employees during the year was 57 {2024: 51).
The number of employees whose remuneration for the year fell within the following bands, were:
2025
2024
No.
£60,000 to £69.999
£70.000 to £79.999
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 £361,696 (2024:£204,692).
15. Trustee remuneration and expenses
The Charity Trustees were not paid or received any other benefits from employment with the
Charity in the year (2024: £Nil).
During the year, two Trustees were reimbursed a total of £418 for travel and accommodation
expenses incurred. (2024: One trustee reimbursed £470)
28

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (contlnu8d)
Year ended 31 March 2025
16. Tangible fixed assets
Fixtures and
ffftings
Equipment
Total
Cost
At 1 April 2024
Additions
30,635
6,156
151,513
20,616
182,148
26,772
At 31 March 2025
36,791
172,129
208,920
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
30,395
1,118
128,192
11.075
158,587
12,193
31.513
139,267
170,780
Carrying amount
At 31 March 2025
5.278
32.862
38,140
At 31 March 2024
240
23,321
23,561
17. Investments
Listed
investments
Cost or valuation
At 1 April 2024 and 31 March 2025
Impairment
At 1 April 2024 and 31 March 2025
Carrying amount
At 31 March 2025
113
113
At 31 March 2024
113
All investrnents shown above are held at valuation.
Flnancial assets held at fair value
Listed investments are held at market value.
18. Debtors
2025
2024
Trade debtors
Prepayments and accrued income
Other debtors
45.016
25.300
149.315
36.836
26,441
194.479
219,631
257.756
29

Housing Rights
Company Limited by Guarantee
Notes to the Financlal Statements (continued)
Year ended 31 March 2025
19. Investments
2025
2024
Other investments
1.012,859
20. Creditors: amounts falllng due withln one year
2025
2024
Trade creditors
Accruals and deferred income
Social securrty and other taxes
Other creditors
120,700
99,542
47,984
2,780
93,672
159,841
31,550
138,602
271,006
423,665
21. Creditors: amounts falling due after more than one year
2025
2024
Other creditors
26,341
26,341
22. Deferred income
2025
2024
At 1 April 2024
Amount released to income
Amount deferred in year
At 31 March 2025
7.013
(7,013)
34.226
8,200
(8,200)
7,013
34.226
7.013
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 £75.465 (2024.. £68.694)-
30

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements {conllnued)
Year ended 31 March 2025
24. Analysis of charitable funds
Unrestricted funds
At
1 April 2024
At31
Transfers March 2025
Income Expenditure
General Funds
Pension withdrawal
designated Fund
Training
Future accommodation
designated fund
717,676
245,692
(62,278)
(978)
900.112
220.000
14.519
220,000
30,000
78,148
(58,110)
{4,557)
50,000
50.000
1,002,195
323,840
(120.388)
{5,535) 1,200,112
At
1 April 2023
At31
Transfers March 2024
Income Expenditure
General Funds
Pension withdrawal
designated Fund
Training
Future accommodation
designated fund
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
967.028
196.533
(230,663)
1,002.195
£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 relocating Housing Rights offices in the future.
Restricted funds
At
1 April 2024
At31
Transfers March 2025
Income Expenditure
CHAP
Hani
Prisons
Beyond the Gate
HPCDS
Client Hardship Fund
Dfc Mediation
Landlord Helpline
BME
Nationwide Foundation
YPHAMS
141,123
40,766
66,317
13,204
11,579
5,867
119,350
52,405
274,184
97,793
13,783
1106,070)
(24.275)
1272,839)
(98.103)
(23.178)
(835)
(15,842)
(40,642)
(6.175)
148.228
68.896
65.961
12,766
12,184
5.032
6.705
50,878
12,246
6.958
6,385
(1.701)
{128)
10.000
22,800
51.515
(253)
40.005
12.246
25,637
6.729
52,700
115,446
170,664)
(110.170)
(715)
(5,620)
31

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (contlnugdj
Year ended 31 March 2025
24. Analysis of charitable funds (continue
Community Justice Fund
Dormant Accounts Fund
Nl l Digital
New Oak Foundation
Dfc Core
Legal Education Fund
Community Foundation
900
900
62,388
23,754
(136,616)
94,597
(229,046) {119,703)
1957.143)
18,997
(55,452)
23,333
20,369
324,995
938,146
41,155
14,917
23,953
10,495
33,231
10,000
10,975
(32,440)
{2,108)
110,975)
2,158.478 (2.186.398)
(2,511)
(4,586)
8,775
3.306
TDS
Co Ownership
475,927
5,535
453,542
At
1 April 2023
At31
Transfers March 2024
Income Expenditure
CHAP
Hani
Prisons
Beyond the Gate
HPCDS
Client Hardship Fund
Dfc Mediation
Landlord Helpline
BME
Nationwide Foundation
YPHAMS
Community Justice Fund
Dormant Accounts Fund
Nl l Digital
New Oak Foundation
Dfc Core
Legal Education Fund
Community Foundation
Nl
TDS
Co Ownership
147.717
40.859
66.317
13.092
18.454
2.371
89.435
40,821
12,246
33,642
2,959
900
107,973
47.997
237.012
92.445
10.462
(92,542)
{44,412)
{211.656)
{85,119)
{15,714)
(1.504)
(157,694)
(47,830)
{22,025)
13,678)
(25,356)
{7,214)
(1,623)
5.000
(13,918)
(3,617)
141.123
40.766
66.317
13.204
11.579
5,867
82,177
50,631
40,005
12,246
25.637
6,729
900
43,538
39,200
(44,657)
(71.403)
(6,886)
35,973
34,508
23,524
30,000
300,000
923,396
41,155
(96.201)
94,081
(195,015) (104.755>
(916,574)
(6.822)
(29.722)
(8.457)
62.388
23.754
11.941
14,917
25,000
(14.5051
10.495
538.786
2,030,986 (2,024,548)
(69.297)
475.927
Transfers out of restricted funds related to project management costs and other internal
expenditure transactions.
32

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (¢ontinued)
Year ended 31 March 2025
25. Analysis of net assets between funds
Unrestricted
Funds
Restricted Totsl Funds
Funds
2025
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
38.140
38,140
113
113
1.305.189
607,559
1,912,748
{116,989) 1154,017) (271,006)
126.341)
(26,341)
1,200,112
1,653,654
453,542
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Creditors greater than 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
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. Contingent liabilitles
The charity has received correspondence from their pension fund administrators to advise that
changes had been made in the past to the benefits provided to members of the Scheme which
may not have been executed as required by the Scheme's documentation. The pension fund
trustees are seeking court direction, with the case heard in March 2025, on how to interpret the
rules. If the court directs that some changes were made in a way not permitted 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.
33

Housing Rights
Company Limited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 31 March 2025
29. Analysis of changes in net debt
At
At 1 Apr 2024 Cash flows 31 Mar 2025
Cash at bank and in hand
Current asset investments
1,646.698
(966,440)
1,012,859
680,258
1,012,859
1,646,698
46,419
1,693,117
30. Operating lease commitments
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
2024
Not later than 1 year
Later than 1 year and not later than 5 years
56.870
284.350
67,680
22.560
341,220
90.240
31. Related parties
There were no related paty Iransactions in the financial year ended 31 March 2025 (2024..
None).
32. Ethical standards
In common with many olher 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.
34