FIRST HOUSING AID & SUPPORT SERVICES LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds fvnds 2025 2025 Total Unrostricted Restricted funds funds 2024 2024 Total 2025 2024 Notes as restated Income Irom: Donations and legacies Charitable activiti8S 16.175 16.175 1.587,553 4009.119 5.596,672 48.692 48,692 1,519,555 3,994,074 5.513.629 Total Income 1,603.728 4009,119 5,612,847 1,568,247 3,994,074 5.562.321 Expendlture on: Charitable activities 1,545,814 4.158.484 5.704298 1.470,469 3,870.841 5,341,310 Total expendfturo 1,545,814 4158,484 5,704298 1,470,469 3.870.841 5.341.310 Net incomel{expenditure) 57,914 (149,365) (91.451) 97.778 123,233 221,011 Transfers between funds 18 142,490 (142.490) 91.384 {91.384) Net movement in funds 200.404 (291,855) (91.451) 189.162 31,849 221.011 Reconciliation of funds: Fund balances at 1 April 2024 646,995 663.291 1.310286 457.833 631.442 1,089.275 Fund balances at 31 March 2025 847.399 371.436 1218,835 646.995 663.291 1.310,286 The staternent of financial activities indudes all gains and Ioss8s recognised in the year. All income and expenditure derive from continuing activities. 14-
FIRST HOUSINGAID & SUPPORT SERVICES LTD BALANCE SHEEr ASAT31 MARCH2025 21)25 2024 Flxed assets Tangible assets 11 59J67 7T,390 Curront assets Debtors Cash at bank and In hand 12 237,190 1.16Q446 205.232 13)7,972 1h05.636 1.513.204 Credltors: amounts falllng due wlthtn one year 13 (246.768) (280.308) Net current assots 1,15868 1.232,896 Total assets less current Ilablllties 1318.835 t10,286 The funds of the charlty Restricted tncome funds Unrestrrcted funds 15 16 3nA36 847.399 663.291 646,995 1,218,835 1.310,286 These financial statements hav8 been prepared In a¢1d wllh the provlslons applt¢able to compani98 SUt¥e¢t to th8 small companies regim8. The finandal staternenls were approved bylhe Tn)stees ¢)n.. oir Thil Wokon Phll Matwi (chairpeOn) Trustee tephen Conn Tntstee Comp8ny registratlon number N1031975 <Northn Irelarml) 15-
FIRST HOUSING AID & SUPPORT SERVICES LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating activitles Cash (absorbed byygenerated from operations (113.290) 386,756 Investing activities Purchase of tangible fixed assets 126.236} (28.046) Net cash used in Investlng aC1fvoS (26,236) (28,046) Net cash generated from financing activStles Net (deerease)Ilncrease In cash and cash equlvalents (139.526) 358,710 Cash and cash equivalents at beginning of year 1,307.972 949,262 Cash and cash equivalents at end of year 1.168,446 1,307.972 16-
FIRST HOUSING AID & SUPPORT SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng polieles Charity Infomiatlon First Housing Aid & Support Services Ltd is a private company limited ty guarantee Inrporated in Northem Ireland. The registered office is 23 Bishop Street. Dery-Londonderry. BT48 6PR. 1.1 8asis of preparation The financial statements have been prepared in accordan with the charitys gov8rning docurnen( the Companles Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. ('FRS 102") and the Charities SORP "Accountlng and Reporting by Charities.. Statement of Recommended Practi applicable to charitses 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 harity is a Public Benefft Entsty as defined by FRS 102. The financial statements are prepared in sterfing. which is the functional currency of the charity. Monetary amounts in these finan(aal statements are roundwj to the nearest £. The financial statements have been prepared under thè historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial ststements. the Trustees have a reasonable expectation that the charity ha5 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 ststements. 1.3 Charltablo funds Unrestricted funds are available for use at discretion of the Trustees in furtherance of their charitable objeclives. Restricted funds are subject to specific conditions by donors or grantOTS as to how they may be usèd. The purposes and uses of the restricted funds are set out in the notes to thè financial statements. 1.4 Income Income is recognised when the tharity is legally entitled to it after any perfomiance conditions have been met. the amounts can be measured reliably, and It is probable that inLX)me will be received. Cash donations are recognised on receipt. other donations are recognised once the charty has been nolified of the donation, unless p8rfomianc8 conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 1.5 Expendlture Expendlture is recognised once there is a legal or (xinstructive obligation to make a paymant to a thlrd paty. it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expendlture on charitable activltses includes the cx)sts of services undertaken to further the purposes of the charity and their associated support costs. Irrecoverable VAT is tharged as a cost agalnst the acw for which the expenditure was incurred. Support costs are those functions that assist the work of the tharity but do not directly undertake charitable activities. Support costs inGlude back Offi costs. finance, personnel. payroll and govemance costs which support the charitys programmes and activit. The bases on which support oosts have been allocated are set out in note 6. 17-
FIRST HOUSING AID & SUPPORT SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Continued) 1.6 Tanglble fixed assets Tangible fixed assets are initially measured al cost and subsequentty measured at cost or valuation. net of depreciation and any impainnent losses. Depreciation is recognised so as to write i)ff the cost or valuation of assets less their residual values over their useful lives on the following bases: Accomodation fumiiure and equipment Office equipment Motor vehicles 20% straight line p.a. 20Yo straight line p.a. 20% slraight line p.a. The gain or loss arising on the disposal of an asset is determined as the dfftrence between the sale proceeds and Ihe carrying value of the ass8( and is recognised in the statement of financial activities. 1.7 Impalrment of flxed assets At each reporting end date. the charity wews the cayIng amounts of its tangible assets to detemine whether there is any indication that thos8 assets have suffered an impairment loss. If any such indication exists, the recoverable amount ot the asset is estimated in order to detemiine the extent of the impairment loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents indude cash in harKI and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal Instruments The charity has elected to apply the provisions of SectK)n 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financiai instruments. Financial instruments are recognised in the charitys balan sheet wtten the charity becomes paty to the contractual provisions of the instrument. Financial assets arKI liabilities are offset. with the net amunts presented in the finandal statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and setle the liabilty simultaneously. Basic financial assets Basic financial assets. which indude debtors and cash and bank balances, are inttially measured at transaction pri including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transadion, where the transaction Is measured at the present value of the fLrture receipts discounted at a market rate of interest. Financial assets dassified as receivable Vthin one year are not amortised. 18-
FIRST HOUSING AID & SUPPORT SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollclos (Contlnued) Baslc flnanclal Ilablllttes Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instnjment is measured at the present value of the future payments di5oounted at a market rate of interest. Finanoal liabilitses dassified as payable within one year are not amortised. Debt instruments are subsequenty carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or servic8s that have been acqulred In th8 ordlnary course of operations from suppliers. Amounts payable are classffied as cJJrrent liabilities rf payment is due within one year or less. If noc they are presented as non•current liabilities. Trade creditors are recognised initially at transaction prrce and subsequently measured at amortised cost using the effective interest method. Derecognlrfon of flnanclal Ilabllltles Financial liabilities are derecognised when the chantys contractual obligations expire or are discharged or cancelled. 1.10 Taxation The company Is a charlty and is recognised as such by HM Revenue & Customs under the charlty tax reference XR19886. As a result. there is no liability to L2xation on any of its income. 1.11 Employee benefits The cost of any unused holiday entillement is r8cognised In the period in which the employee's servIS are received. Termination benefits are recognised immedlately as an expense when the chanty Is d8monstrabty committed to terminate the employment of an employee or to provide temination benerts. 1.12 Retirement benefits Payments to defined contribution retirement benefft Sthern are charged as an 8xpense as they fall due. Critical accountlng estimates and judgoments In the application of the charivs a(xx)unting policres. Trustees are required to make judgements, estimates and assumptions about the carying amount of assets and Ilabllltles that are not readlly apparent from other sourc8s. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevanL Actual results may dbffer from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognlsed In the perlod In which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted Unrestrlcted fund5 funds 2025 2024 Donations and grfts 16,175 48.692 19-
FIRST HOUSING AID & SUPPORT SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitable activltles Unrnstrlcted Restricted funds funds 2025 2025 Totsl Unrestricted Restrlcted funds funds 2024 2024 Total 2025 2024 Landlord management fee income Hostel Servi income Grant fvnding Charitabl8 rental income other Income 91.471 60,164 91.471 60,164 4009,119 4,009,119 1,424.808 11,110 90,512 90,512 56.264 56.264 500 3.966.042 3.966.542 1.363.803 1,363,803 8.476 36,508 1.424.808 11,110 28,032 1.587.553 4009.119 5.596,672 1.519,555 3.994,074 5.513,629 Analysls of grant fundlng 2025 2024 NIHE Supporting People NIHE Dispersed Outreach Programme WHSCT Oak Foundation Glasspool Publi¢ Health Agency- De Paul DOH Training NIHE Sustaining Tenancies Other 3.050.516 237,940 618.695 2.945,373 227,443 484,455 245,806 60.000 31.353 23.275 8.400 31.290 500 615 10,000 4,009.119 3.966,542
FIRST HOUSING AID & SUPPORT SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on clwitable actlvltles 2025 2024 as rèstated 3.506,012 52,343 664,253 119,420 53,063 57,575 62,369 23,025 Staff costs Depreciation and impairnient AcGommodation rent and rates Accommodation heat. light and [er Travelling and subsistence Premises security Maintenance costs Food budget 3.741,471 43,659 702,950 113,912 53.293 59,740 50,877 22.299 E 11 Accommodatlim purchases Programme costs IT Support Printing. postage and stationery staff training Telephone Advertising and racruitrnent Other costs NIHE Supporting People Cowd funds repayment 9.077 1.005 8.676 2.999 3,750 12.413 3.018 117.317 142.432 8,852 374 9,062 5,837 20,987 11,258 3,889 50,423 113,487 4088,888 4,762,229 Share of support and governance costs (see nots 6) Support Govemanc8 578.012 37.398 545,225 33,856 4704.298 5.341,310 Analysis by fund Unrestricted funds Restricted funds 1.545,814 4158.484 1,470,469 3,870,841 4704,298 5.341,310 21
FIRST HOUSINGAID & SUPPORT SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated to activltles 2025 2024 Stsff costs Other support stsff costs Central premises costs Central ofFice costs IT support Bank charges other costs Govemance costs 433.853 5.319 79.114 2,935 49.570 3.266 3,955 37,398 413,308 6,061 75,618 2,355 37,938 3,183 6,762 33,856 615N10 579,081 Analysed between: Charitable activities 615.410 579,081 Net movement In funds 2025 2024 The net mov8m8nt in funds is stated after charginty{uediting): Fees payable for the audit of the charity's financaal statements Depreciation of owned tangible fixed assets 9,000 43.659 8,400 52,343 Trustees None of the TTUStees (or any persons connected with them) receNed any remuneration. reimbursement of expenses or any other beneffts from the charity during the year. Employees The average m¢mthty number of employees durlng the year was: 2025 Number 2024 Number 129 131 Employment costs 2025 2024 Wages and salaries Social security costs oth8r pension costs 3.766,738 341.099 67A87 3,541.050 315.234 63.036 4.175.324 3.919,320
FIRST HOUSING AID & SUPPORT SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ernployeos (Continued) The number of employees whose annual remuneration was more than £60.(M)O is as follows: 2025 Number 2024 Number £60,001 to £70,000 Remuneration of key management personnel The remuneration of key management personnel was as follows: 2025 2024 Aggregate compensation 331,847 314,754 10 Taxatlon The tharity is exempt from taxation on its activittes because all lis income is applied for charitable purposes. 11 Tangible fixed assets Aceomodatlon furnlture and •qulpJDenl Offlc• equlpment Pllotor vehlcles Cost At 1 April 2024 Additions 1.271,824 24,227 441.717 2.009 15,850 1.729.391 26,236 At 31 March 2025 1.296.051 443.726 15.850 1.755.627 Depreclatlon and Impainnent At 1 April 2024 Depreciation charged in the year 1.232,914 17,941 403.237 25.718 15,850 1.652,001 43.659 At 31 March 2025 1.250.855 428,955 15.850 1.695.660 Carrying amount At 31 March 2025 45,196 14771 59.967 At 31 March 2024 38,910 38.480 77,390 -23-
FIRST HOUSING AID & SUPPORT SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Debtors 2025 2024 Amounts falllng duo wlthln one year. Trad8 debtors Other debtors Prepayments and accrued inrne 196,702 317 40.171 167,666 317 37,249 237.190 205.232 13 Creditors: amounts falllng due wlthln one year 2025 2024 Other taxation and so¢ial security Trade creditors Other cr8ditors Accruals and deferred income 112.418 66.484 30.434 37.432 132.024 90,135 30.434 27.715 246.768 280.308 14 Retlrement benefit schemos 2025 2024 Defined contrlbutlon schemes Charge to profit or loss in respect of defined )ntrIbution schemes 67,467 63,036 The charity operates a defined contribution pension scheme for all qualrfying employees. The assets of the scheme are hejd separately from those of the tharity in an independenty administered fund. -24-
FIRST HOUSING AID & SUPPORT SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Restricted funds The restricted funds of the charity o)mprise Ihe unexpended balances of donations and grants held on trust subj8Ct to spectfic conditions by donors as to how they may b8 used. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 NIHE Supporting People NIHE Supporting People - non recurrent WHSCT WHSCT COVID 19 YPtYp Diversionary Oak Foundation NIHE New Service 55 One Off DHSSPS Glasspool Public Health Agency- De Paul NIHE Dispersed Outreach Programme TDS Deposit Scheme NIHE Tipping Point NIHE Sustaining Tenanaes NIHE - non recurrent Dillon Court funding NIHE- New Servic8 55+ Other 256,546 3.050.516 (3,189.963) 117.099 (97) 14108 (97) 55,907 618.695 (434,406) (142,490) 74,110 164.435 (128) 1,769 74.110 {48,109) 1128) 1.769 (4.602) 31.920 (212,544) 60.000 31.353 (64.602) (25,424) 25.991 59.829 237.940 10,000 (213,773) 83,996 10,000 1.784 (83) 1.784 17,074 615 (17.772) 63.120 (15.625) 375 63,120 (15,625) 375 663,291 4.009,119 (4,158,484) (141490) 371.436 -25-
FIRST HOUSING AID & SUPPORT SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Restricted funds (Contlnued) Previous year as restated: At 1 April 2023 Incomlng resources Resources expended Trdnsfer5 At 31 March 2024 NIHE Supporting People NIHE Supporting People - non reQuent WHSCT WHSCT COVID 19 YPNP Diversionary Oak Foundation NIHE New Service 55 One Off DHSSPS DOH Training Public Health Agency- De Paul NIHE Dispersed Outreach Programme NIHE Tipping Point NIHE Sustsining Tenancies NIHE - non recurrent Dillon Court funding NIHE- New SeNice 55+ Other 369.405 2.945.373 (3.058.232) 256,546 {97) 147 (97) 14,108 512.487 (407,142) (91.384) 74.110 60.836 (128) 1.769 74,110 164,435 {128) 1.769 245.806 (142.207) (8,400) (22.087) 24,803 23.275 25,991 46.806 1.784 4.137 227.443 (214.420) 59.829 1.784 17.074 31.2gJ (18,353) 63.120 (15.625) 375 63,120 (15,625) 375 631.442 3.994.074 (3.870,841) (91,384) 663.291 -26-
FIRST HOUSING AID & SUPPORT SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Restrlcted fund5 (Continued) Natur8 of restrlcted funds NIHE Supporting People NIHE funding under the Supporting People programme for provision of services supporting the charivs aim of the eradication of homelessness. WHSCT Funding of Joinlly Commissioned Sarvices wilh AcmMOdatiOn Seprfices. WHSCT capltal grants Funding for refurbishment Work at Jefferson Court arKI Francis St. Young Persons projects accommodation. WHSCT COVID 19 YP Emergency funding from WHSCT for Jeffers<)n Court and Frands St provided to alleviate stsffing pressur8S arising from Covid -19. Oak Foundatlon 3 year grant award for th8 project Self-SUStaining Smartmove. lh8 primary aim of which is to recruit and maintain enough fee-paying landlords to move towards making Smartmove financially self-SUStaining whilst providing good quality housing for tenants. DHSSPS Training support funding for the Vduntary Sectry. Public Health Agency- De Paul Funding for the provision of one Ham Reduction Worker (26 hrs per week). Glasspool Funding from Glasspool to proillde direct financial support to seplice users experiencing hardship, aimed at In¢asIng si11en¢e and reducing finanaal distress. running until Mah 2027. TDS The grant funding received will be used to support a tenarKy deposit scheme aimed at securing stable housing for up to 40 clients at full capaaty. Each dient will be supported with an average bond of £500. facilitating access to private rented accomnx)dation. NIHE HPF Funding Homeless PreventK)n Funding 19120 funded three projects in the year - Tlpplng Poinc Connect 2019 and Startright. NIHE PIF Funding Funding received to help complete wFI installation and improved CCTV in some of the accommodation projects. Pathways Fund Early Years DE Funding from The Early Years organisation under The Pathway Fund for th8 provison of cr8che servic8S at Shepherds View Young Parents project. NIHE - Non recurrent (Dillon Court) Capital and Change management funrdng to help pro(S a smcKJth takeover of Dillon Court and TUPE of existing staff NIHE - New service 55+ Funding for a new Floating Supwrt Service for Dery, Limavady and Strabane working with dients who are 55+. -27-
FIRST HOUSING AID & SUPPORT SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Unrestrfcted funds The unrestricted funds of the tharity comprise the unexpended balances of donations and grants whith are not subject to specific condition5 by donors and grantors as to how they may be used. These indude designated funds which have been set aside out of Unrestri funds by the trustees for specific purFM)ses. At 1 Aprfl 2024 Incoming resources Resources expended Transfers At 31 March 2025 General funds 646,995 1,603.728 (1,545,814) 142.490 847,399 Previous year: At 1 April 2023 Incomlng Resources resourcos expended Transfers At 31 March 2024 General funds 457.833 1,568.247 (1.470,469) 91.384 646,995 17 Anatysis of net assets between funds Unrestricted funds 2025 Restricted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current assetsl(liabilities) 14,nO 832,629 45,197 326,239 59.967 1,158.868 847.399 371.436 1,218.835 Unrestricted 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 18 Transfers between funds During the year, transfers totalling £142.490 were made from restricted to unrestricted funds. This represents funding received for beds within Housing Benefft projects. Funding has been released from restricted fijnds to unrestrtcted funds to match against the associated expenditure. As Ihese are internal mvements between fijnds, the transfers net to nil in Ihe financial statements. -28-
FIRST HOUSING AID & SUPPORT SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Financial commitments. guarantees and contingent Ilabllities Certain grants received and receivable may become repayable to the funder 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 be possible to quantify the potential financial effect or give an indication of the timing as to the Irabilities that may arise. 20 Funds received as agent First Housing Aid and Support servi (FHASS) acts as an agent on behalf of tenants living in accommodation applying for emergency loans. assisting with the application process and facilitating the receipt of funds from the grant awarding body and subsequent issue to the applicant. First Housing continues to value the strong relationships fostered wilh all grant awarding bodies and is grateful for the support afford8d to their clients in respect of these emergency grants. During the year. the charity received incoming resour amounting to £12.195 from Vicars Relief Fund. All amounts were paid out to tenants during the year. These amounts have not been reflected in the financial sLgtements for the year in accordance with the treatment recommended by the Statement of Recommended Practice °Accounting and Reporting by Charities.. 21 Related party transactlons other related party transactlons There were no other related party transactb)ns during the year. 22 Cash (absorbed byygenerated from operations 2025 2024 (Deficitysurplus for the year 191.451) 221.012 Adjustments for: Depreciation and impairment of tsngible fixed assets 43,659 52.343 Movements In worklng capltal: (Increase) in deblors (Decreaseyincrease in creditors (31.958) (33.540) (23,971) 137,372 Cash (absorbed by}Igenerated from operatlons 1113,290) 386,756 23 Analysls of changes In net funds The charity had no mat8rra] debt during the year. -29-
FIRST HOUSING AID & SUPPORT SERVICES LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 24 Prior period adjustmont In the prior period, the charity repaid £113,487 to NIHE Supporting People in respect of unspent Covid funding that was carried in restricted reserves. This amount was recorded as a transfer between reserves. The financial ststements have been amended in the current period to account for this transaction within expenditure. The amount of the adjustment for each financial statement line affected ts as follows: Changes to the statement of financlal actlvlttes As prevlously Adjustment As restatsd reported Expenditure on Charitable activities Net incoming resources before transfers Gross transfers behyeen funds 5.513,629 3,334,498 (113,487) 113.487 5.341,310 (113.487) 211,011 113.487 There has been no impact on the charilys preVISIY reported net InMe for the year or net assets at the reporting dats. -30-