FIRST HOUSING AID & SUPPORT SERVICES LTD
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Current flnanclal year
Unrestricted Restrictsd
funds
fvnds
2024
2024
Total
Total
2024
2023
Notss
Income from:
Donations and legacies
Charitable activities
48,692
48,692
45,159
1,519,555 3.994.074 5.513.629 5.120.156
Total Income
1,568,247 3.994074 5.562.321
5.165.315
endlture on:
Charitable activities
1,470,469 3.757.354 5.227,823
5.069,656
Net incoming resources before transfers
97.778
236,720
334,498
95.659
Gross transfers between funds
18
91,384
(204.871) (113.487)
Net Income for the yearf
Net movement In funds
189.162
31.849
221,011
95.659
Fund balances at 1 April 2023
457.833
631.442 1,089,275
993.615
Fund balances at 31 March 2024
646,995
663.291
1.310.286 1,089,274
Th8 Statement of financial activibes includes all gains army Ioss8s recognised in the year.
The ststement of financial acti¥ities indudes all gains and losses recognised in the year. All Income and expenditure
derive from ¢ontinuing activities.
The statement of financial aclivitses also complies with the requirements for an income and expenditure account
under the Companles Act 2006.
15-

FIRST HOUSING AID & SUPPORT SERVICES LTD
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Prlor flnanclal year
Unrestrlcted Restrfcted
funds
funds
2023
2023
Total
2023
Notes
Income from:
Donations and legacies
Charitable activities
29.992
15.167
45,159
1,422.534 3,697,622 5,120,156
Total Income
1,452,526 3,712,789 5,165.315
Ex
ondlture on:
Charitable activities
1.428,1n 3.641.483
5,069,656
Net incoming resources before transfer8
24.353
71,306
95,659
Gross transfers between funds
222.668
(222,668)
Net income for the yearl
Net movement In funds
247,021
(151,362)
95,659
Fund balances at 1 April 2022
210.811
782,804
993,615
Fund balances at 31 March 2023
457,832
631,442
1,089,274
The ststement of financial activitses indudes all gains and losses recognised in the year.
The statement of financial activities indudes all gains and losses rec(NJnised in the year. All income and
expenditure derive from continuing activities.
The statement of financial activitses also complies wtth the requirements for an incom8 and expendtiure account
under the Companies Act 2006.
16-

FIRST HOUSING AID & SUPPORT SERVICES LTD
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Flxed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
11
77,390
101.687
12
205.232
1.307.972
181.261
949.262
1.513204
1.130.523
Credllors: amounts falling due wlthln
one year
13
(280,308)
(142.936)
Net current assets
1,232,896
987,587
Total assets less current Ilabllltles
1.310,286
1,089,274
Income funds
Restricted funds
Unrestricted funds
15
663,291
646,995
631.442
457,832
1.310,286
1,089,274
These financial statements have been prepared in ac￿rdanCe with the provislons applicable to companies subjed
to the small companies regime.
The financial statements were approved by the Trustees on 20 December 2024
Phil Mahon (Chairperson)
Trustee
Stephen Connolly
Trustee
Company Registration No. N1031975
17-

FIRST HOUSING AID & SUPPORT SERVICES LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operatlng actlvltles
Cash generated from operdtions
386.756
84,620
Investing activities
Purchase of tangible fixed assets
{28,046)
{16.267)
Net cash used in Investlng activltles
(28,046)
116.267)
Net cash used in financing actmties
Net increase in cash and cash equivalents
358,710
68.353
Cash and cash equivalents at beginning of year
949,262
880.909
Cash and cash equivalents at end of year
1.307,972
949,262
18-

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policles
Charity inforniatlon
Flr5t Housing & Support Services Ltd Is a Private (x)mpany limited by guarantee Incorporated in Northem
Ireland. The registered office is 23 Bishop Street, De￿￿Ond0nderry. BT48 6PR.
1.1 Accounting convention
The financial statements have been prepared in accordan￿ with the charivs goveming document. the
Companies Act 2006, FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of
Ireland" {"FRS 102") and the Charities SORP 'Ac￿Unting and ReportirrfJ by Charities: Statement of
Recommended Practice applicable to tharities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (effective 1 January 2019). The
charty is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currenry of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial ststements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements. the Trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charftable funds
Unrestricted funds are available for use at the discretion of the Trustees in fvrtherance of their charitable
objectives.
Restricted funds are subjeot to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restriGted fvnds are set out in the notes to the financial siatements.
1A Income
Income is recognised when the charty is legally entilled lo it after any performance conditions have been me(
the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. Other donation5 are recognised once the charity has been notified
of the donatton. unless perfomiance conditions requlre deferral of the amount. Income tax recoverable in
relation to donations received under Grft Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expenditure
Expenditure is recognised once there is a legal or constnjcttve obligation to make a payment to a third party. it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure on charitable activities includes Ihe o)sts of serVI￿S undertaken to fijrther the purposes of the
charity and their associated support costs.
Irrecoverable VAT Is charged as a cost against the activity for which th8 expenditure vms incurréd.
Support costs are those functions that assist the work of the charity but do not directly undertake charilable
activities. Support costs include back office costs. finan￿, personnel, payroll and governance costs which
support the charivs programmes and activitie5. The bases on which support o)sts have been allocated are
set out in note 6.
19-

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are inthally measured at cost and subsequendy measured at cost or valuation, net of
deprecialion and any impaimienl losses.
Depreciation is recognised so as to write off the rJ)st or valuation of assets18ss th8lr resldual values over their
useful lives on the following bases-
A¢comodation fvmilure and equipment
Office equipment
Motor vehicles
20% straight line p.a.
20% straight line p.a.
20% straight line p.a.
The gain or loss arising on the dlsposal of an asset is determined as the difference belween the sal8 proceeds
and the carying value of the asset. and is recognised in the statement of financi81 activities.
1.7 Impalrnient of fixed assets
At each reporting end date, the dwrity reviews the carying amounts of its tangible assets to detsrmine
whether there is any indication that those assets have suffered an impaimient loss. If any such indication
exists. the recoverable amount of the asset is estimated in order to detemiine the extent of the impaimient
loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents indude cash in hand and bank ￿rferdrafts. Bank overdrafts are shown within
bomwings in current liabilities.
1.9 Flnancial instruments
The charity has elected to appty the prowsions of Section 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitys balance sheet vthen the charity becomes paty to th8
contractual provisions of the instrument.
Finanoial assels and liabilities are offset. with the net amounts presented in the financial statements. when
there is a legally enforceable right to set off the recognised amounts and there is an int8ntion to S8tde on a net
basls or to realis8 the asset and setue the liability simultaneously.
Baslc Ilnancial assets
Basic financial assets, which indude debtors and I￿Sh and bank balances, are inittally measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effeclive
interest method unless the arrangement constitutes a financing transaction, where the transaclion is
measured at the present value of the future receipts discounted at a market rate of int8resL Financial assets
classified as receivable within one year are not amortised.
-20-

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
Baslc flnanclal Ilabllldes
Basic financial liabilities, including creditors and bank loans are Tniknally recognised at transaction price unless
the a￿angernent constitutes a financing transaction. where Ihe debt instrument is mèasured at the present
value of the future payments discounted at a market rate of interesL Finanual liabilities dassified as payable
within one year are not amortised.
Debt instruments are subsequendy (2rried at amorlised cos( uslng the effedive lTrte￿$t rate method.
Trade creditor5 are obligations to pay for goods or services that have be8n acquired in the ordinary course of
operation5 from suppliers. Amounts payable are dassffied as current liabilities if payment is due wlthln one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amorlised cost using the effeclive interest method.
Der￿Ognftlon of flnanclal liabilities
Financial liabilities are derecognised when the tharitls contractual obrtgations 8xpir8 or ar8 discharged or
cancelled.
1.10 Taxation
The company 15 a charity and is recognised as such by HM Revenue & Customs under the charity tax
reference XR19886. As a result. there is no liability to taxation on any of its income.
1.11 Employee benefts
The wst of any unused holiday entiuement Is recognised in the period in vthich the employee's services are
received.
Temination benefits are recognised immediately as an expense when the charity is demonstrably committed
to tenninate the employment of an employee or to provide teminalion benefits.
1.12 Retirement beneffts
Payments to defined (>)ntribution retir8m8nt benefft sd)8mes are charg&J as an expense as they fall due.
Critical accounting estimates and judgements
In the application of the chariws accounting policies. the Trustees are required to make judgements.
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other Sour￿$. The estimates and asswated assumptions are based on historical experien￿ and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reNiewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in vthich the estimate is revised where the revision affects only that
period. or in the period of the revision and fuiure periods where the revision affects both current and future
periods.
-21-

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Donations and legacles
Unrestrfcted Unrestricted
funds
funds
Restricted
funds
Total
2024
2023
2023
2023
DonaUons and gifts
48,692
29.992
15.167
45,159
Donations and gifts
Deparlment of Health - Speoal Rewgnition Award
Other
15,167
15.167
29.992
48.692
29.992
48,692
29,992
15.167
45.159

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charltable acllvltles
2024
2023
Landlord management fee income
Hostel service incorn8
Grant funding
Rent receivable
oth8T Income
90,512
74.869
56,264
52.908
3.966,542 3.682,122
1,363.803 1.273,564
36.508
36.693
5.513.629 5,120.156
Analysis by fund
Unrestricted funds
Restricted fvnds
1,519,555 1.422,534
3.994.074 3.697,622
5,513,629 5,120,156
Performance related grants
NIHE Supporting People
NIHE Dispersed Outreach Prtsjramme
WHSCT
Oak Foundation
Public Health Agency- De Paul
DOH Training
NIHE Sustaining Tenancies
NIHE Homeless Prevention Funding
other
2.945,373 2.868,362
227,443
210,500
484,455
442,760
245.806
94,293
23.275
23.203
8.400
31290
15,659
27,345
500
3,966.542 3,682.122

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on charltable acllvitles
Expenditure Expendltura
2024
2023
Direct costs
Staff costs
Depreciation and impairmerrt
ArKommodation rent and rates
Accommodation heat. light and power
Travelling and subsistence
Premises security
Maintenance costs
Food budget
Accommodation purchases
Programme costs
IT support
Printing. postage and stationery
staff training
Telephone
Advertising and recruitment
Other costs
3,506,012
52,343
664,253
119,420
53,063
57,575
62,369
23,025
8,852
374
9,062
5.837
20.987
11.258
3,889
50,423
3.450,333
52,093
613.525
126.788
51.559
49,490
41,414
21,233
10,907
14,923
8,297
2.403
3.249
26,923
3,718
39.701
4.648,742
4,516.5
Share of support and governance costs (see note 6)
Support
Govemance
545,225
33,856
526,185
26,915
5.227,823
5,069.656
Analysls by fund
Unrestricted funds
Restricted funds
1,470,469
3,757,354
1.428,173
3.641.483
5227,823
5,069.656
-24-

FIRST HOUSINGAID & SUPPORT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Governance
costs
2024
Support Governance
costs
2023
Staff costs
Other support staff costs
Central premises costs
Central office costs
IT support
Bank charges
Other costs
413J08
6,061
75,618
2.355
37.938
3.183
6.762
413.308
6,061
75,618
2,355
37,938
3,183
6,762
396.675
8.915
75,662
8.502
28,322
2,996
5,113
396.675
8.915
75,662
8,502
28,322
2.996
5,113
Audit fees
Legal and professional
7.800
26.056
7.800
26.056
7.800
19.115
7.800
19,115
545,225
33.856
579.081
526.185
26,915
553,100
Analysed between
Charitabl8 activities
545,225
33,856
579.081
526.185
26,915
553.100
Net movement in funds
2024
2023
The net [r￿Vernent in funds is stated after chargingl(crediting):
Fees payable for the audit of the charivs financral statements
Depreciation of owned tangible fixed assets
7.800
52.343
7.800
52.093
Trustees
None of the Trustees (or any persons connected with them) re￿iVed any remuneration. reimbursement of
expenses or any other beneffts from the charity during the year.

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employees
Th8 average monthly number of employees during the year ￿.
2024
Number
2023
Number
176
Employment costs
2024
2023
Wages and salaries
Social security ￿$ts
other pension costs
3.541.050
315,234
63,036
3,465,245
318.508
63.255
3,919.320
3,847,008
The number of employees whose annual remuneration was £60.OIX) or more
were:
2024
Number
2023
Number
£60,001 to £70.000
10 Taxatlon
The charity is exempt from taxation on ts activities because atl ib income is applied for charitable purposes.

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
11 Tanglblo fixed assèts
Accomodatlon
fumiture and
equlwn•nt
offl¢0
equipment
Motor
vehlcles
Totsl
Cost
At 1 Aprrl 2023
Additions
1,246.271
25,553
439,224
2,493
15.850 1.701.345
28.046
At 31 March 2024
1.271,824
441,717
15,850 1,729,391
Depreclatlon and Impalmient
At 1 April 2023
Depreciakn'on charged in the y8ar
1.216,809
16.105
366.999
36,238
15.850 1.599.658
52.343
At 31 Marth 2024
1.232.914
403.237
15.850 1,652.001
Carrylng amount
At 31 March 2024
38.910
38,480
77,390
At 31 March 2023
29,462
72.225
101,687
12 Debtors
2024
2023
Amounts falllng due wlthln one year.
Trade debtors
Other debtors
Prepaymants
167,666
317
37.249
145,168
317
35.776
205.232
181.261
13 Creditors.. amounts falling due within one year
2024
2023
Other taxation and social secuiity
Trade creditors
Other creditors
Accruals
132,024
90,135
30.434
27.715
62.458
52,474
28.004
280,308
142,936
14 Retirement benefit schemes
2024
2023
Defined contribution schemes
Charg8 to prorrt or loss in respect of defined contribution schemes
63,036
63,255
-27-

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Retirement benefft schemes
{Continued)
The charity operates a defined contrlbutEon pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of Ihe charity in an independenuy administered fund.
-28-

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FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designatsd funds whith hav6 been set aside out of unrestricted funds by the tnjstees for specific purposes.
At 1 Aprll
2023
Incoming
resources
Resources
expended
Transfers At 31 March
2024
General funds
457.833
1.568.247
(1.470,469)
91,384
646,995
Prevlous year:
At 1 Aprll
2022
Incoming
resources
Resources
expended
Transfers At 31 March
2023
General funds
210,811
1.452.526
(1.428.173)
222,668
457,832
17 Analysis of net assets between funds
Unrestrlcted
funds
2024
Restricted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assetsl(liabilities}
38,657
608,338
38,733
624,558
77.390
1,232.896
646.995
663,291
1.310,286
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 March 2023:
Tangible assets
Current assetsl(liabilibes)
47.391
410,441
54,296
577,146
101.687
987,587
457,832
631,442
1.089,274
18 Transfers between funds
During the year there have been net transfers bel￿een funds in the amount of £91,384 from restricted funds
to unrestricted funds made up as follows:
£91,384 representing funding received for beds within Housing Benefit projects. Funding has been
released from restricted funds to unrestricted funds to match against the associated expendtture.
-32-

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Financial commitments, guarantses and contingent liabilities
Certain grants received and receNable may become repayable to the fvnder rf the charity is no longer able to
meet the conditions under which they were awarded. Due to the nature of these contingencies it may not b8
possible to quanttfy the potential financial effect or glve an indication of the timing as to the liabilities that may
aris8.
20 Funds recefved as agent
First Housing Aid and Support servI￿s (FHASS) acts as an agent on behalf of tenants Ilvlng in
8cGommodation applying for emergency loans, assisting wilh the application process and facililatlng the
r8C8iPt of funds from the grant awarding body and subs4uent issue to the applicant. First Housing continues
to value th8 strong relationships fostered with all grant awarding bodies and is grateful for th8 5UPPOrt afforded
to their clients in resp8Ct of these emergency grants.
During the year. the (*arity received incoming resources amounting to £10.418 from St. Martin in the Flelds,
£1,945 from the Glasspwl Charity and £755 from Family Action. All amounts were paid out to tenants during
the year.
These amounts have not been reflected in the financial ststements for the year in accordance with the
treatment recommended by the Statement of Recommended Practice 'Accounting and Reporting by
Charities".
21 Related party transactions
Other related party transactions
There V￿re no other relatsd party transactions during the year.
22 Cash generated from operations
2024
2023
Surplus for the year
221,012
95.659
Adjustments for.
Depreciatlon and impairment of tangible fixed assets
52,093
Movements In working capttal:
(Increase) in d8btors
Increasel{decrease) in creditor5
(23,971)
137,372
{6.204)
(56.928)
Cash generated from operations
386,756
84,620
23 Analysis of changes In net funds
The charity had no material debt during the year.
-33-