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
1,158￿68
1.232,896
Total assets less current Ilablllties
1318.835
t￿10,286
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¢1￿d￿ 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 (chairpe￿On)
Trustee
tephen Conn
Tntstee
Comp8ny registratlon number N1031975 <North￿n 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 aC1fv￿oS
(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 In￿rporated 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 ca￿yIng 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 V￿thin 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 servI￿S 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 in￿rne
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
reQu￿ent
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 Ac￿mMOdatiOn 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 Ma￿h 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 w￿FI 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.
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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 preVI￿SIY reported net In￿Me for the year or net assets at the
reporting dats.
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