COMPANY REGISTRATION NUMBER.. N1665041 CHARITY REGISTRATION NUMBER: NIC 108018 •JC8HTZt4T• 2510712023 COMPANIES House JNI
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Belfast Homeless Services Company Llmited by Guaranlee Unaudited Financial Statements 31 October 2022 PURDY QUINN Chartered Accountants Northern Bank House 42 Greencastle Street KILKEEL Co Down 8T34 4BH
Belfast Homeless Services Company Llmlted by Guarantee Flnanclal Stalements Year ended 31 October 2022 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expendilure account) Stalement of financial position Notes to the financial statements 10-19
Belfast Homeless Services Company Limiled by Guarantee Truslees, Annual Report (Incorporaiing the Director's Reporl) Year ended 31 October 2022 The Iwstees. who are a150 the directors lor the purposes of company law. presgnl their report anLI Ihe unaudlled linanoial slatemenls ol the charity lor the year ended 31 Oclober 2022. Relerence and admlnislralive delalls Reglstered chorliy name Bellasi Homeless Service5 Charliy reglslratlon number NIC 108018 Company re9lstr8llon number N1665041 Prlnclpal offlce and reglslered 2 Amelia Slreel olli¢e Bellasl Co Anirim BT2 7GS The trustees J E Ferguson E Lavery M J Maloney S Maxwell N McElhallon J McGinn R Murphy E Murray (Resigned 18 April 20231 (Reslgned 15 March 20221 (Resigned 6 June 20231 Indep•nd•ni •xamlnèr Una Cunnlngham FCA Pufdy Quinn Charlered Accounlanls Northern Bank House 42 Greencaslle Slreel KILKEEL Co Down 8T34 48H
Belfast Homeless Services Company Limited by Guarantee Truslees, Annual Report (Incorporatlng the Direclor's Report) Iconilnu•dJ Year ended 31 October 2022 Slruclure, governanee and managemenl Governin Documenl and Cons The charity is a privale company limiled by guaranlee. It is governed by ils fvlemorandum and Articles of Associalion. Trust S lec ' nandm na men The trustees have ullimale legal and linancial responsibilily for Ihe aflair5 of BHS, allhough Ihe management ol the organisation Is delegaled lo the Operational Committee. which is made up ol key VDlunleeTS. 7he seleclion ol Irustees is governed by the charily's Artl¢los ol Associaiion. New Irustoes are recruiled lo the 8oard based on idenlitication ol skills needed. The charity may by ordinary resolution.. 11 app)inl a person who Is willlng lo act to be a dlrector. and 2> determine the rolalion in which any addilional direclors are lo relire. Obl•cllves ond gcllvllles harl leo clives The oty'ectives of Belfasl Homeless SeNices {BHSI are as follows.. "To provld8 services 10 hom6less and vulnérable adults in Bellasi" Including Iwl not limlled to.. The provision ol a 'Drop In" Setvice; The provision ol food and drink including a hol Meal lo users of the Drop In SeNice; The provision ol social aclivilies., The provision of clothing and washing lacililies; The provision of advlce, inlormalion and ernolional support 10 seriice users; The provision ol signposilng seNice users to exlernal agenctes. iviti s and setvi In Northern Ireland, 7,478 people wesenled as homèless behveen July and December 2022 and, as ol January 2023, 3,945 households were living in lemFM)rary accofflmcmjalion (source: Nl Homelessness Bulletin. Department lor Communiliesl. Bellasl, Derry and Slrabane had Ihe highest proportion ol homeless presenlers wilh 6.2 per 1,000. These slalislics do nol include those sleeping rough. A study published in 2021 by Ihe Ho.using_Execulive_revealed_Iherg-weie-18-wple-sleeping rough in Bélfasl in one niohl in in November. In aur experience this figure is an underestimate. 8HS opèrates a Orop In Facility in the city cenlre ol Belfasl, working alongsKle Ihose who are vulnerable and experiencing homelessness. It is the only indoor facility in Belfast city cenlre, so seNice users can lully use lacililies. 11 is a volunleer led charity group with over 65 volunteers. Our pliilosophy Is lo ofler access io all regardloss ol personal circumstances, race, gender, abilily. or lailh. The cenlre moved Irom being open two nighls to three night per week in May 2021 and has seen demand lor ils ser4i¢es continue to increase. The chaiity provides loc, clothing, advice and support to homeless and vulnerable people.
Belfast Homeless Services Company Limlted by Guarantee Truslees, Annual Report (Incorporating the Director's Report) (¢onllnu•rfl Year ended 31 October 2022 Oblectlves and actlvltle$ (conilnuedl The Drop In provides varlous recreaiional lacililies and ollers much needed resplle lo its servlce users. During Ihe period. BHS provided various additional services designed lo impiove the menial and physical wellbeing ol homeless people. The charily also provides signposting lof service users lo olher key seNices I benelils. The charity hopes lo build on this type ol support. subject lo sufficienl resources and funding. Slrateglc report The following sections lor achievem8nls and perlormance and linancial review lorm the strategic report of Ihe charity. Achlevements and pertorm?n¢¢ The volunteers of the charily serve approximately 60 people per night with ages ranging Irom 18 10 75+. These people are homeless . living on Ihe slreels, in hostel accommodation oi 'sola surtlng.. Some are vulnerable adulls who have been given accommodation bul cannol cope wilh running a household. The chafiiy provides food. clolhing. a(Svice and suppon to homeless and vulneiable people. Since May 2021, the charity has added an addilional operational day and now is open three times a week lo support vulnerable adults in need ol respite. 11 is hoped Ihal in tlme, together wllh the support ol voluni8ers and lunding, the charity Can increase th8 number ol days il is open and the level ol sèrvlce il can piovide to the homeless communlly. The charity operates a range ol addilional services. These addilional la¢ililies were designed lo help with the physical and rnenlal wellbeing of service users. The charity provides access, via external agency support, lo the lollowing: Chest, Heart & Stfoke health checks Podiatry services Hairdressers I bart)ers facilities In addilion lo that, thp chaFily also provides signposling lor users Io Oiher key social servlces and benelils. It also rnakes frequent out ol houi housing relerrals to those in need. This programme ol additional facilities has proven extremely popular with service users and has helped a signilicanl number ol users, both Irom a physical and a mental point of view. ble The demand lor clothing saw Ihe Charity launch a Shoe Box appeal during the year lo raise much needed loolwear lor sepiice users. The appeal was run from Oclobev lo December and Ihe response Ifom Ihe general public was fantaslic and something the charity hopes io build on in luture campaigns. In prior periods, the lundraising aclivity ol the charity was severely hampere¢J by COVID.19 r8Slriciions. However, during Ihe year as iho restrictions were relaxed the chariiy ran a themed Night at the Races. The night was a huge SUCGess and marks Ihe first in a series ol lundraising ideas designed to help generate additional funding which can be used towards SUPPOrting service users.
Belfast Homeless Services Company Limited by Guarantee Trustees, Annual Report (Incorporallng the Director's Report) (eoiillnu6d) Year ended 31 October 2022 Achlevernents and performance (¢ontlnu•d} 18 ortunl les and d v810 m8n¢ Volunteers are part ol a very dynamic. inlercullural and passionate team and engage with service users who have a range of complex needs. Training is provided regulafly lo our team ol volunteers including bolh mandatory and Opiional Iraining. This has included Iraining in relation lo prolessional boundaries, saleguarding adults, lood safely, first aid. addiction and mental health. Good Structures and salely measure5 are In place at 8HS which gnables the volunleers to feel sa¢ure and sale. As a result of Ihis Ihe volunteer team has grown now lo a team of over 65 Indlviduals, all of which play a key part in delivering the services ol Ihe Charily. BHS has ongoing relationships wllh the Polish community and at Christmas a group ol leaders from the Polish communily provided the Polish service users wilh Ihelr traditional Christmas dinner. Represenlalives Irom the Polish Consulate were also presenl. This evenl Is planned lo reoccur on an annual basis going tonvard. We have also buill slrong relallonships wllh Ihe lollowlng organlsalions., Bellasl Asian Women's Academy IBAWAI Bellasl Mullicullural Associalion (BMCA) Nipaporn Chanyan (Money Thai Tree Kilchen) Events like Ihis have sirengihened Ihe repulaiion ol Ihe centre as belng open lo all regardless of personal circumstances, race. gender. ability, or faith. This inclusiveness Is a key leno1 ol what makes the cenlre so welcoming and is one ol the reasons why so many homeless and vulnerable people allend Io us8 th? seNices ol Ihe Drop In. This promotion ol a sanse ol cultural inclusivity is entirely down Io the great allilude ol Ihe volunteers ol the charity. SNI Communl Team BHS have slrengthened its working relaiionship with Ioc81 community PSNI represenlatives. The PSNI represenlalives visit the cenire on a regular basis and speak lo both volunteers and service users. They have also glven help wilh some very dillicult silualions durlng Ihe p81iod and ale always available lo oller addilional guidance where needed. Flnanclal revlew The linancial slaiemenls are presented In ihe standard lormal required by the Slatemenl of Recommended Practice on Accounting and Reporting lor charities (FRS 1021 and cover the aclivilies ol Bellasl Homeless SeNi¢es. The siaiemenl of Flnanclal Actlvilies (SOFA) shows a surplus for the year 01 £29,72612021 £31,5861. This is the charity's third linancial accounting period. Financlal performance has been broadly consislenl with Ihe Irustee's lorecasls and expeclalions, though these were impacted, lo an extenl. by the ongoing impact caused by the COVID.19 pandemic and inflationary measures thal have ifflpacled Ihe economy more widely,
Belfast Homeless Services Company Limited by Guarantee Truslees, Annual Report (Incorporating the Dlrector's Report) (conilnued) Year ended 31 October 2022 Flnanclal revlew (¢onllnu•¢l) & durin th Brio The income lor this period was £77,399 (2021 £48,215>, The charity's income primarily Comes by way ol donations received from individuals and businesses as well as grants received lowards ils core aclivilies. Some ol Ihese donalions have been designated to enable the ¢harlly to lund future renlal costs on business premises from which 10 operate the centre and, as such, are held separaiely until the required amounl 15 needed in Ihe future. 8elfa$l Homeless Services Continued to roceive support from the John Alcheson Foundation during the y8ar in the lorm of a substantial donation. The directors would like to acknowledge and thank the fDundalion lor its generous support ol Ihe charity's activities during the p?riod. 8HS successlully applied lor grants iowafds core lunding Irom LFf Charilable Trust, of which approximately £2,360 was received in Ihe period. Bellasi City Council provlded support, lolalling £1,992, in granl funds and the charity was also successful in obtaining a grani from the Honovrable Irish So¢ieiy lor £1.900 and a grant from the Community Foundation lor £4,668 durlng the period. Fundraislng by Ihe charity was signSficanlly Impacted in prevlous perlods due lo the reslriclion5 afising from the coror)avirus pandemlc. However, the chafity has started som• lundraising activity lowards Ihe end ol the accountlng period, ndilur urin he riod The expendilure was £47,67312021 £16.6291 for Ihe year ended 31 October 2022. During Ihe accounting period, the charity took on ils Ilrst ernployee, whlch accounts lor a slgnillcanl part ol the expendilure increasg in 2022. 01 the other recurring cosls that the charity incurs, the major expenses relate to food and cullery supplies, office equipment. volunteer training and clothing as well as exlernal consultancy advlce. These have all been impacled lo an exlenl by the general Inllalionary environment Ihal has been felt by the wider UK economy. During the year to 31 October 2022, lh8 Charity benellled greatly from the temporary provlsion ol renl-lree premises al 2 Amelia Street, 8elfasl. The charity has a policy tor reservès and Ihe18vel ol unreslricled reserves. The pollcy is reviewed on an annual basis, In this Conlexl, unreslricled reserves are Ihe total funds freely avallable lo spend on any ol Ihe charily's purposes. Thls definition excludes reslricled funds and lunds de5iqnated lor essenlial future spending, although holdlng such funds may inlluence the charlly's reserve pollcy. The General Fund 13 unrestricted and is used for the day.to-day operalion ol the Gharity. The charity operales wilh an unrestricted reserve ai a level sei by the Iruslees. Currently, this is £58,430 (2021 £35.958). The runnSng costs have increased as a result of operating an additional nighl ol service Irom May 2021, In addiliDn. from November 2021, Ihe charity engaged a part.lime employee as a seThice co-ordinator. Finally, general inflationary condilions have pushed up recurring costs incurred by the charity. Due lo Ihe combined impacl of these factors, the Iruslees leel that Ihe increased level ol reserves held al the year-end is prudeni and reasonable. The reseNe is held to allow Ihe charity lo olfsel Iluctualions In income receipis and lo provide lor ¢onlingencies.
Belfast Homeless Services Company Limiled by Guaranlee Trustees, Annual Report (Incorporating the Dlrector's Report) {contlny¢d) Year ended 31 October 2022 Fund3 Malerlally In Deflcll As ai 31 October 2022, the charity had no funds In material delicil. Funds held as cuslodlan IFu51ee Th8 charity does not hold any assets in this capaclly. Prlnclpal rlsks faclng the charlly As the cttariiy relies on donaiion and Is noi government lunded, il faces a certain lev•1 of Ilnancial uncertainly. In addition, the 5eNice is made up of volunteers and Ihus runs on Iheir goodwill. The Iruslees have assessed Ihe major risks lo which Ihe charity is exposed and are salislied that Syslems are in place lo miiyate exposure 10 those risks. Golng concern After making appropriate enquiries, Ihe Iruslees hav8 a reasonable expeclatlon that Ihe charitable company has adequa18 resources lo continue in operational exislenGe loi the loreseeabl& luluro. For Ihis reason they continue 10 adopi lh8 going concern basis in preparing the linancial stalemenls. Furthei delails regarding the adoption ol the going concern basis can be found in the notes lo the accounts. Publlc Benelll Statement The iruslees conlirm ihal they have complied wilh Iheir duly to have regard lo the Charity Commission's guidance on public benelil and that the public benefit requirement has informed the activities ol the charity lor Ihe peiiod to 31 October 2022. The truslees, annual report and the strategic report were approved on 241h July 2023 and signed on behall ol the board al truslees by: J MLGinn Trustee
Belfast Homeless Services Company Limited by Guarantee Independent Examiner's Report to the Truslees of Belfast Homeless Services Year ended 31 October 2022 I report to Ihe trustees on my examination of the linancial statements ol Beltasl Homeless Services I'lhe charity.) lor the ye8T ended 31 Oclober 2022. Re8ponslbllllles and basls of report As Ihè Iruslees of the company {and also ils directors lor the purposes ol company law) you are respansible lor Ihe preparation ol the financial slalemenls in accordance with the requirements ol Charities Act (Northern Ireland) 2008 (the '2008 Act,) and the Companies Acl 2006 {'Ihe 2006 Acl,). You are satislied that Ihe accounts ol the company are not r8quired by Charity or company law lo be audited and have chosen inslead lo have an independent examination. Having salislied myself that Ihe accounts of the company are not requirod 10 be audited under Part 16 ol Ihe 2006 Acl and are eligible for independent examination. I report in respecl ol my examinalion of Ihe chaTily'S linancial slalemenls as carried oul under 5eclion 65 ol Ihe 2008 Acl. In carrying out my examination I have followed the general difectlons glven by the Charlly Commisslon for Northern Ireland under section 6519}(b> ol the 2008 Acl. Independent examlner'$ Slalemenl I have compleled my examinalion. I conlirm thal no matters have come lo rny attention in connection wllh my examinallon giving me cause lo belleve Ihal in any material respecl-, accountino records w8ra not kepi In respeel ol Ihe ¢harily as iequired by seclion 386 of the 2006 Aci., or Ihe linancial slalemenls do nol accord with those records; or the financial statements do not comply with the accounting requirements ol sectlon 396 01 the 2006 Act other than any requirement that the accounts give a 'lrue and fair, view which is not a maller considered as part of an indopendenl examinalion; or the linancial statements have nol been prepared in accordance wllh Ihe melhods and principles of the Sialemenl ol Recommended Praclice lor accounting and reporting by charities applicable lo charities prepafing IheiT accounts in accoidance wllh Ihe Financial Reporting Standard applicable in Ihe UK and Republic of Ifeland IFRS 102). I confirm Ihal Iheie are no olher matters lo which your altenlion should be drawn lo enable a proper und8rslanding ol Ihe accounts lo be reached. 24th July 2023 Una Cunningham FCA Chanered Accounlanls Ireland Independent Examiner Purdy Quinn Chartered Accountanls Northèrn Bank House 42 Greencasiie Slreel KILKEEL Co Down BT34 4BH
Belfast Homeless Services Company Limlled by Guarantee Slatement ot Flnancial Acllvllles (Includlng Income and expendllure accounl) Year ended 31 October 2022 2022 Roslricled funds Tolal funds Total funds 2021 Unresiricled funds Nole Income and endowmenls Donalions 8nd legacies Olh8r activities Investment income Other income 36,253 4.388 38 36,720 72,973 4.388 38 48,092 23 100 Toi•l Ineome 40,679 36,720 77,399 48,215 Expendilure Expendilure on raising lunds Expenditure on charilable aclivilies Tot•1 experKlllure 496 17,711 18.207 496 47,177 47,673 29.466 16,629 16,629 29,466 Nel Income and net movement In lunds 22,472 7,254 29,726 31,586 Reconclllatlon ol lunds Toial funds brought loNiafd Total funds ¢arrled lornard 35,958 58,430 38,813 74.771 43.185 74,771 46,067 104,497 The siaiemenl ol financial aclivilles includes all galns and lossés recognlsod In Ihe year. All incorne and expendllur? derive Irom conlinuing aclivilies. The notes on pages 10 10 19 lorm part of these Ilnanclal 91itements.
Belfast Homeless Services Company Lirnlted by Guaranlee Staiement of Financial Posltion 31 October 2022 2022 2021 Nole Flxed assets Tan9ible lixed assels 17 3,258 329 Currenl assets Oebiors Cash al bank and in hand 18 460 103,467 103,927 1.462 75,230 76.692 Credltors: amounls falllng due wlthln one year N•1 currtnl asseis 19 2,688 101,239 2,250 74,442 74,771 74.771 Tolal assets less current Ilablllllts 104,497 104,497 Nel assels Funds ol the chatY Aeslricled funds Unreslricled lunds 46,067 58.430 104.497 38,813 35,958 74,771 Toial eharbty lund3 21 For the year ending 31 Oclober 2022 Ihe chariiy was enlilled lo exempliDn tiom audil under seclion 477 01 the Companles Act 2006 relaiing lo small companies. Oireclors, reswnsibililies,. The members have nol required the company to obtain an audit ot Its linancial siatements for Ihe year in question in accordance wilh section 476., The dlfeclors acknowledge thelr responsikn'lillès lof complylng wilh Iho ieouiromenls ol Ihe Aci with respect lo accounling records and the preparaiion ol linancial slalemenls. These tlnan¢ial siaiemenis have been prepared In a¢cofdance with the provislons applicable 10 companles subjecl lo Ihe small companles. reglme. These linancial slalemenls were approved by the board ol Iruslees and aulhofised lor issue on 241h July 2023 , and are signed on behalf ol the board by.. S Maxweil Trusiee J McGinn Tfustee The noles on page$ 10 10 19 lorrn part ol Ihe8e Ilnancl?I statements.
Belfast Homeless Services Company Llmited by Guarantee Notes to the Financial Statements Year ended 31 October 2022 General Inlorniatlon The charily is a public benefil entity and a private company limtled by guarantee, registered in Northern Ireland ar a regislered charily in Northern Ireland. Tha address ol the regislered ollice is 2 Amelia Street, Bellasl, Co Anlrim, 8T2 7GS. Sl•iernenl ol Compllance These linancial staiemenis have been prepared in compliance wllh FAS 102, The Financial Fleporting Slandard applicable In the UK and the Republic ol Ireland,. Ihe Statement of Flecornmended Praclice applicable lo charities preparing their accounts in accordance with the Flnan¢ial Reporting Slandard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP (FRS 1021) and Ihe Companies A¢1 2006. A¢countlng pollclo9 Basls ol preparatlon The linancial slalemenls have been prepared on Ihe hlslorical cosi basis, as modllied by Ihe (evalualion ol certain linancial assets and liabilities and investment properties measured at laif value Ihrough income or expendlluro. The linancial stalemenls are prepared In sterling, which is the functional ¢urren¢y ol the enlily. Judgemenls and key $oui¢es ol esllmaiion uncertalnty The Preparation ol Ihe linanclal slalemenls requires managemenl lo make judgements, esllmaies and assumptions Ihal allect the amounls reported. These estimates and judgements are conlinually revlewed and are based on experience and olher laclofs. includin9 expeclalions of tulure evenls Ihal are believed lo be reasonable under Ihe circumslances. Fund accountlng Unreslricled lunds are available for use al the discretion ol the Iruslees to further any of the charlly's purposes. Designated lunds are unresiricled lunds earmarked by Ihe trustees for particular future project or commilmenl. Reslricted lunds are svblected lo restrictions on their expendilure dgclaTed by Ihe dDnor or Ihrou9h the terms ol an appeal, and lall into one ol two sub-classes,. ieslricled Income lund8 or endowment lunds. 10
Belfast Homeless Services Company Limited by Guarantee Noles to the Flnancial Statements {conllnuedJ Year ended 31 October 2022 A¢countlng poll¢les (conllnuvdj Incoming resources All incoming resources afe included in the slatemenl of financial aclivities when enlillemenl has passed lo the charity; il is probable that the economic benellls associaied wilh Ihe transaction will Now lo the charily and the amounl can be reliably measured. The lollowing Epecific policies are applied lo particular calegaries ol income: Income Irom donalions OT granls is Yecognised when Ihei8 is evidence ol enllllemenl 10 the gift. receipt is probable and ils afflounl can be measured reliably. legacy incoma Is r8¢ogns•d when receipt is probable and enlillemgnl is eslablishecl. income Irom donated good5 is measured al Ihe lair value ol Ihe goods unless this is impraclical lo measure rellably, in which case Ihe value is derived Irom the cost lo the donor or Ihe eslimaled resale value. Donated facilities and services are recognised in the accounls when r8celv8d il Iha value can be reliably measured. No amounls are includ6d lor Ihe contribulion ol general volunleers. income frorn contTacls lor Iho supply of seNice5 is recognised wilh the delivery ol the conlra¢ted servi¢e. This is classified as unrestricied lur)ds unless Ihere Is a conlfaciual requirement for it lo be spenl on a particular purpose and returned il unspent, in which case il may be regarded as restricted. Fle$our¢e$ expend•d Expenditure is (ecognised on an accruals basis as a liabilily is incurred. Expendilure includes any VAT which cannol be lully fecovef8d. and is classilied under headings ol th8 siatemenl af linancial aclivilies lo which il relales.. expendilure on raising lunds includes Ihe eosls ol all fundraising acllvilies, evenls, non-chariiable trading aclivilies, and Ihe sale ol donaled goods. expendilufe on charilable aclivilies indudes all cosls incuried by a charity In undertaking aclivilies that lurther ils charilable aims lor the benelit ol its beneliciaries. including those supp)rt costs and cosls relating io the governance ol the charity apportioned to charitabl& activitles, other expendilure includes all expenditure that is neither related lo raisifKJ lunds l*X the charity nor part ol ils expenditure on charilable aclivilies. All cosis are allocaied to expenditur.e.caiegories.rellectlng_the use ol_Ihe-iesource.-Direcl-costs allribulalse lo a single activity are allocated direclly lo Ihal aclivily. Shared cosls are apportioned between the activities Ihey contribute lo on a reasonable. jusliliable and consislenl basis. Operatlng leases Lease paymenls are recognised as an expense over Ihe18ase term on a slraight-line basis. The aggregale benelil of lease incentives is recognised as a reduclion to expense over the lease term. on a slraight-line basis. 11
Belfasl Homeless Services Company Llmited by Guarantee Notes to the Flnancial Statements (¢vnflnu•d) Year ended 31 October 2022 Accounllng pollcles {¢Onllnu•dJ Tanglble assets Tangible assels are inilially recordecl ai cosl, and subsequenlly slated at cosl less any accumulated depreciation and impairmenl losses. Any tangible assets carried at revalued amounts are recorded al Ihe lair value at the dale ol revaluation less any subsequent accumulaied depreciation and subsequent accumulated impairment losses. All assets costing more than £500 are capitalised. Depreclallon Deprecialion is calculated so as lo write oll Ihe cosl or valuation of an assel, less ils residual value, over Ihe uselul eCOrmi¢ life ol thal assel as follows-. Kitchen Equipmeni Fixtures and fillings Ollice Equipmenl 2511A slraighl Ilne 25Yg slraighl line 33% Slraighl line Impalwment ot Ilxed 488et$ A review lor indicators of impairmenl is carried oul al each reporting dale, wilh the recoverable amounl being eslimaied where su¢h indicalors exisl, Where the carrying value exceeds Iho recoverable amount, Ihe assel is impaired acGordingly. Prior impairments are also reviewed lor posslble roversal al each feporting dale, For the purpose5 01 Impairmenl lestlng. when il is nol possible to eslifnalo Ihe recoverable amounl ol an 5ndividual assel, an estimate Is made of the recoverable amount of Ihe cash.generating unil 10 which Ihe asset belongs. The cash.generaling unil is the smallesl Idenlillable,group ol asse18 Ihal in¢ludes Ihe. asset and generates cash ififlows thai largely independenl ol the cash inlbws Irom other assets or groups ol assets. For Impalrmenl l&sling ol goodwill, Ihe goodwlll a¢qulred in a business comblnalion is, Irom Ihe acquisilion dale, allocated lo each ol the casheneratIng units thal are expected lo benelil from Ihe synergies of Ihe combinalion, irrespective of whelher other assets or liabililies ol the ¢harily are assigned lo those units. Flnanclal Instrumen19 A financial assel DT a financial Iiabilily is recDgnised only when Ihe enlity becomes a party lo the conlraclual provisions of Ihe ir6lrumenl. Basic linancial inslruments are inllially recognised ai the amounl receivable Of p.ayable including any relaled-lransaclion-cosls, unless Irie arrangemenl conslllules a financing transaclion, where il is recognised al the presenl value of the future payments discounted al a markei rale ol Inleresl for a similar debl instwmenl. Currenl assets and currenl liabilities are subsequently measured ai the cash or Other consideralion expected 10 be paid or received arKI nol discounled. Debt inslrumenls are subsequenlly measured al amortised cosl. 12
Belfast Homeless Services Company Llmlled by Guarantee Notes to the Flnanclal Statements (¢onllnued) Year ended 31 October 2022 Accountlng pollcle$ (¢onllnu•d) Dellned contribullon plan8 Conlribulions lo deflned conlribulion plans are recognlsed as an expense In the period in which lh6 relaled seNice is provided. Prepaid contributions are recognised as an assel lo Ihe exienl that Ihe prepayment will lead lo a reduction in future payments or a cash refund. Llmlt¢d by gU•FBntee The company is limiled by guarantee ol members and does nol have a share capltal. The Ilability ol each member is limiled to £1. Donatlon$ and 1ogacle8 Unrestficte Funds Reslrlcled Tolal Fund8 Funds 2022 Donallon$ Oonalions 36,253 26,000 62,253 Grants LFT Grant Awards lor All Grant (Lolteryl BCC Community Recovery Support Grani (T2) BCC Summer Funding Programme BCC Covid.19 Community Support Fund Honourable Irish Sociely The Community Foundation 2,360 2,360 {200) 1,992 1,900 4,668 36,720 12001 1.992 1,900 4,668 72,973 36,253 Unfestricled Funds Reslricled Total Funds Funds 2021 Donallons Donalions 32,842 32,842 Grants LFT Grani Awards for All Glanl (Lollery) BCC Community Recovery Support Granl (T2) BCC Summer Funding ProgrammG BCG Covl-l9 Communily Support Fund Honourable Irish Society The Communily Foundation 500 8,750 5,000 1,000 500 8,750 5,000 1,000 32,842 15,250 48,092 13
Belfast Homeless Services Company Llmited by Guarantee Noles to the Flnanclal Statements {¢ontlnued) Year ended 31 October 2022 Othor actlvltles Unreslricled Total Funds Unrèstficied Total Funds Funds 2022 Funds 2021 Fundralslng events 4,388 4,388 Invesimenl Incomtr Unreslricled Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Bank inieresl fècelvabla 38 38 23 23 Olher Incom• Unreslrlcted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Unllorms 100 100 Coslg ol ralslng funds Unreslficted Tolal Funds Unrestricied Total Funds Funds 2022 Funds 2021 Fundraising cosls 496 496 10. Expendllure on charltable acllvllles by lund iype Unfeslricled Funds Resiricied Total Funds Funds 2022 Support lo Homeless and Vulnerabl8 Adulls - Belfast Support costs 15,700 2,011 29,466 45,166 2,011 47,177 17,711 29,466 Unreslricied Funds Restricied Total Funds Funds 2021 Support10 Homeless and Vulnerable Adults - Belfasl Support costs 7,719 1,869 9,588 7,041 14,760 1 ,869 16,629 7,041 14
Belfast Homeless Services Company Limiied by Guaranlee Notes to the Flnanclal Stalemenls (conllnuedj Year ended 31 October 2022 1 l. Expendllure on charllable actlvltles by a¢iivlty iype Aclivilies urKlertaken direclly sUprt costs Tolal lunds 2022 Total lund 2021 Support to Homeless and Vulnerable Adults - Bellasl Governance Cosis 45.166 122 1,889 2,011 45,288 1,889 14,829 1,800 16,629 45,166 47,177 12. Analysls ol support Costs Analysis of support cosls Tolal 2022 Tolal 2021 Flnance Costs Governance costs 122 1.889 2,011 122 1,889 2,011 69 1,800 1,869 13. Nel Income Nel income is slated after chargingl(credilingl'. 2022 2021 Depreclalion ol langible Ilxed assets 1,339 164 14. Independent examlnallon lees 2022 2021 Fees payable lo the independent examiner for: Independenl examination of the linancial slalemenls Other a5suran¢e services 629 1.260 1,889 600 1 ,200 1.800 15
Beltast Homeless Servlces Company Llmited by Guarantee Notes lo the Financial Slalements (conllnu4dl Year ended 31 October 2022 15. Slatl ¢oJls The total siaff costs and employee benefits for tha reportlng perlod are analysed as follows.. 2022 2021 Wages and salari8s Employer conlribulions to pension plans 14,166 396 14,562 The average head count of employees during the year was 1 {2021: NII). The Gharity Conlinued to rely on volunleers lo provide services. No employee received employee benelils ol more than £60,000 during the year12021: Nil). 16. Trustee remuneralion and expenses The truslees did not receive remuneration or othef benellls through ernployrnenl wilh the chavlty. No Iruslee has claimed expenses or had Ihelr expenses mot by the ¢harlly. 17, Tanglbl• Ilxed asse1$ Kllchen Fixlures and Equipment fillings Office Equipmenl Toial Cogt At 1 November 2021 Addillons 654 654 4.268 2,912 2,912 1,356 1,356 At 31 October 2022 654 4,922 Depreclatlon Al 1 November 2021 Charge lor the year Al 31 Octob•r 2022 325 164 325 1,339 728 447 728 489 447 1,664 Carrylng amount At 31 October 2022 2,184 165 909 3,258 Al 31 Oclobei 2021 329 329 16
Belfast Homeless Services Company Llmited by Guarantee Noies to the Financlal Staiements (cOnfIn6) Year ended 31 October 2022 18. Debtors 2022 2021 Granls receivable Prepayments and accrued income 1 ,000 462 460 460 1,462 19. Credltors: gmounls lalllng due wlthln one year 2022 2021 Accruals and delerred income Social security and other taxes 2,577 2,250 2.688 2,250 20. Penslons and other post-retlrement benellts Delln•d contrlbullon plan$ The amount recognlsed In inGomg oi expendllure a¥ an exponse in relatlon lo defined conlribulion plans was £396 {2021 '. £Nill. 21. Analys1& ol charllablo fund8 Unrestricted funds Al l November 2021 Al 31 October 2022 Income Expendilure Transfers General lunds 35,958 40,679 (18,207) S8,430 At 1 Novernber 2020 At 31 October 2021 Income Expenditure Transfers General funds 12,581 32.965 19.588) 35,958 17
Belfast Homeless Services Company Llmiled by Guaranlee Notes to the Flnancial Slaiements (¢oDilnued) Year ended 31 October 2022 21. Analysls of ¢h3rllable funds l¢oniinu•d) Restrl¢l•d lund$ Al 1 November 2021 At 31 Oclober 2022 Income Expenditure Transfers Prernlses Fund LTF Fund Covid 19 Charilies Fund Awards lor all GraN (Lollery) 8CC Community Recovery Support Grant 8CC Summer Funding Piogramme The Community Foundallon The Honourable IT13h Society 8CC Covid-19 Community Support Fund Charity Assel Fund John Alcheson Salary Fund 25,210 25,210 2,360 11,341) (45) (1,019) (1,356) 1.891 490 6,712 (4,665) 2,047 5,000 (2011 14,799) 4,668 12,800) 1,868 1,900 1,900 1 ,993 {791 (1,175) (1,893> 4,268 21 3,093 26,000 (14,5621 {29,466) 11.438 38.813 36.720 46,067 Al 1 November 2020 At 31 October 2021 Income Expenditure Transfers Premises Fund LTF Fund Covid 19 Charllies Fund Awards for all Granl (Lollery) 8CC Community Recovery Support Grant BCC Summer Funding Programme The Community Foundation The Hornurable Irish Socieiy BCC Covid-19 Communty Support Fund Charity Assel Fund John Alcheson Salary Fund 25,210 1,692 3.702 25,210 soo (2,192) (1,811) 1,891 8,750 (2,038) 6,712 5.000 5,000 1,000 (1,000) 30,604 15,2SO (7,041 > 38.813 18
Belfast Homeless Services Company Limiled by Guarantee Notes to the Flnanclal Statements (contlnuedj Year ended 31 October 2022 22. Analyslg ol net asgets belween funds Unresiricled Funds Reslricled Total Funds Funds 2022 Tangible fixed assets Current assets Credltors less than l year Net a$g¢ts 165 60,686 12,421) 58,430 3,093 43,241 {267) 48,067 3,258 103,927 (2,688) 104,497 Unreslricled Funds Restricted Tolal Funds Funds 2021 Tangible fixed assets Current assels Creditors less than l year Not ossel8 329 37,879 12,250) 35,958 329 76.692 {2,250) 74,771 38,813 38,813 23. Golng concern revlew The Charily is reliant on donations, grants & lundralsing lor income al presenl. This can creale uncertainty over the abih'ly ol Ihe chailty 10 secure sufficienl funding In ihe toreseeable lulure. The Charily has considered the impact of Covld-19 on Ihe linancial perfoYman¢e and cash Ilow of the organisalion.11 has conshlered Ihe praCtall1Y of relo¢aling Irom ils currenl renl.free premise. The Charlly's lorecasi and projeciions, laking account of reasonably Possible changes in ils opoialing performance, show Ihat the Chariiy should be able to operaie wllhin the lovel ol its current lunds. Aller making enquifies, the directors have a reasonable expeclation Ihal the Charily will have adequal8 resources lo conlinue in opefallonal exlslence lor Ihe loreseeable fuluf¢. For these reasons, Ihey conlinue lo adopi the going concern basis in preparing the annual feport and accounts. 24. Relaled partles Ouring the period Ihe charily occupled Ihe building ai 2 Amelia Street, Belfasl on a renl-lree basis. The charity and Ihe company wilh lille Ihe building {Hastings Hotels Group Limited) have a direclor in common, Mr J McGlnn. 19