COMPANY REGISTRATION NUMBER: NI665041 CHARITY REGISTRATION NUMBER: NIC 108018
Belfast Homeless Services Company Limited by Guarantee
Unaudited Financial Statements
31 December 2023
PURDY QUINN
Chartered Accountants 42 Greencastle Street KILKEEL Co Down BT34 4BH
Belfast Homeless Services
Company Limited by Guarantee
Financial Statements
Period from 1 November 2022 to 31 December 2023
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1-6 |
| Independent examiner's report to the trustees | 7 |
| Statement of financial activities (including income and | |
| expenditure account) | 8 |
| Statement of financial position | 9 |
| Notes to the financial statements | 10-19 |
Belfast Homeless Services
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Period from 1 November 2022 to 31 December 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the period ended 31 December 2023.
Reference and administrative details
| Registered charity name | Belfast Homeless Services | |
|---|---|---|
| Charity registration number | NIC 108018 | |
| Company registration number | NI665041 | |
| Principal office and registered | 2 Amelia Street | |
| office | Belfast | |
| Co Antrim | ||
| BT2 7GS | ||
| The trustees | J E Ferguson | (Resigned 18 April 2023) |
| E Lavery | ||
| M J Maloney | ||
| S Maxwell | ||
| J McGinn | ||
| R Murphy | (Resigned 6 June 2023) | |
| E Murray | ||
| J Murphy | (Appointed 18 January 2023) | |
| H Corbett | (Appointed 12 January 2023) | |
| C Crummey | (Appointed 5 December 2022) | |
| D Mulholland | (Appointed 5 December 2023) | |
| F Greene | (Appointed 22 November 2023) | |
| Independent examiner | Una Cunningham FCA | |
| Purdy Quinn | ||
| Chartered Accountants | ||
| 42 Greencastle Street | ||
| KILKEEL | ||
| Co Down | ||
| BT34 4BH |
1
Belfast Homeless Services
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Period from 1 November 2022 to 31 December 2023
Structure, governance and management
Governing Document and Constitution
The charity is a private company limited by guarantee. It is governed by its Memorandum and Articles of Association.
Trustee Selection and Management
The trustees have ultimate legal and financial responsibility for the affairs of BHS, although the management of the organisation is delegated to the Operational Committee, which is made up of key volunteers.
The selection of trustees is governed by the charity's Articles of Association. New trustees are recruited to the Board based on identification of skills needed.
The charity may by ordinary resolution:
-
1) appoint a person who is willing to act to be a director; and
-
2) determine the rotation in which any additional directors are to retire.
Objectives and activities
Charitable objects
The objectives of Belfast Homeless Services (BHS) are as follows:
" To provide services to homeless and vulnerable adults in Belfast including but not limited to:
-
The provision of a "Drop In" Service;
-
The provision of food and drink including a hot meal to users of the Drop In Service
-
The provision of social activities;
-
The provision of clothing and washing facilities;
-
The provision of advice information and emotional support to service users
-
The provision of signposting service users to external agencies
Main activities and services
In Northern Ireland, 8,183 people presented as homeless between July and December 2023 and, as of January 2024, 4,556 households were living in temporary accommodation (source: NI Homelessness Bulletin, Department for Communities). Belfast, Derry and Strabane had the highest proportion of homeless presenters with 7.0 per 1,000. These statistics do not include those sleeping rough. A study published in 2024 by the Housing Executive revealed there were 45 people sleeping rough in Belfast in one night in November. In our experience this figure is an underestimate.
BHS operates a Drop In Facility in the city centre of Belfast, working alongside those who are vulnerable and experiencing homelessness. It is the only indoor facility in Belfast city centre, so service users can fully use facilities. It is a volunteer led charity group with over 65 volunteers. Our philosophy is to offer access to all regardless of personal circumstances, race, gender, ability, or faith.
The centre moved from being open two nights to three night per week in May 2021 and has seen demand for its services continue to increase. The charity aspires to open a fourth night in the future. The charity provides food, clothing, advice and support to homeless and vulnerable people.
2
Belfast Homeless Services
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Period from 1 November 2022 to 31 December 2023
Objectives and activities (continued)
The Drop In provides various recreational facilities and offers much needed respite to its service users. During the period, BHS provided various additional services designed to improve the mental and physical wellbeing of homeless and vulnerable people. The charity also provides signposting for service users to other key services / benefits. The charity hopes to build on this type of support, subject to sufficient resources and funding.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
Provision of additional facilities and services to users
The volunteers of the charity serve approximately 70 people per night with ages ranging from 18 to 75+. These people are homeless - living on the streets, in hostel accommodation or 'sofa surfing'. Some are vulnerable adults who have been given accommodation but cannot cope with running a household. The charity provides food, clothing, advice and support to homeless and vulnerable people.
Since May 2021, the charity has been open three times a week to support vulnerable adults in need of respite. It is hoped that in time, together with the support of volunteers and funding, the charity can increase the number of days it is open and the level of service it can provide to the homeless community.
The charity operates a range of additional services. These additional facilities were designed to help with the physical and mental wellbeing of service users. The charity provides access, via external agency support, to the following:
-
Chest, Heart & Stroke health checks
-
Podiatry services
-
Hairdressers / barbers facilities
In addition to that, the charity also provides signposting for users to other key social services and benefits. It also makes frequent out of hour housing referrals to those in need.
This programme of additional facilities has proven extremely popular with service users and has helped a significant number of users, both from a physical and a mental point of view.
Fundraising and charitable campaigns
The demand for clothing saw the charity launch a Shoe Box appeal during the year to raise much needed footwear for service users. The appeal was run from October to December and the response from the general public was fantastic and something the charity hopes to build on in future campaigns.
In prior periods, the fundraising activity of the charity was severely hampered by COVID-19 restrictions. However, during the period as the restrictions were no longer applicable, the charity ran a series of fundraising events during the period designed to help generate additional funding which can be used towards supporting service users.
3
Belfast Homeless Services
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Period from 1 November 2022 to 31 December 2023
Achievements and performance (continued)
These included:
-
Charity spinathons
-
Supermarket bag packs
-
An abseil fundraiser at the Europa hotel
The charity would like to express its appreciation to all the people that volunteered their time to help create and participate in those events.
The charity also worked with the team behind Myra's Story, which is an award-winning play that was run at the Grand Opera House in Belfast. BHS was able to fundraise at the event and generated substantial donations through the event.
Volunteer opportunities and development
Volunteers are part of a very dynamic, intercultural and passionate team and engage with service users who have a range of complex needs. Training is provided regularly to our team of volunteers including both mandatory and optional training. This has included training in relation to professional boundaries, safeguarding adults, food safety, first aid, addiction and mental health. Good structures and safety measures are in place at BHS which enables the volunteers to feel secure and safe.
As a result of this the volunteer team has grown now to a team of over 65 individuals, all of which play a key part in delivering the services of the charity.
Programmes of intercultural events
BHS has ongoing relationships with the Polish community and at Christmas a group of leaders from the Polish community provided the Polish service users with their traditional Christmas dinner. Representatives from the Polish Consulate were also present. This event is planned to reoccur on an annual basis going forward.
We have also built strong relationships with the following organisations:
-
Belfast Asian Women's Academy (BAWA)
-
Belfast Multicultural Association (BMCA)
-
Nipaporn Chanyan (Money Thai Tree Kitchen)
Events like this have strengthened the reputation of the centre as being open to all regardless of personal circumstances, race, gender, ability, or faith. This inclusiveness is a key tenet of what makes the centre so welcoming and is one of the reasons why so many homeless and vulnerable people attend to use the services of the Drop In. This promotion of a sense of cultural inclusivity is entirely down to the great attitude of the volunteers of the charity.
PSNI Community Team
BHS have strengthened its working relationship with local community PSNI representatives. The PSNI representatives visit the centre on a regular basis and speak to both volunteers and service users. They have also given help with some very difficult situations during the period and are always available to offer additional guidance where needed.
4
Belfast Homeless Services
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Period from 1 November 2022 to 31 December 2023
Financial review
The financial statements are presented in the standard format required by the Statement of Recommended Practice on Accounting and Reporting for charities (FRS 102) and cover the activities of Belfast Homeless Services. The Statement of Financial Activities (SOFA) shows a surplus for the period of £80,032 (2022 - £29,726).
This is the charity's fourth financial accounting period. Financial performance has been broadly consistent with the trustee's forecasts and expectations, though these were impacted, to an extent, by the ongoing inflationary measures that have impacted the economy more widely.
Income during the period
The income for this period was £131,410 (2022 - £77,399). The charity's income primarily comes by way of donations received from individuals and businesses as well as grants received towards its core activities. Some of these donations have been designated to enable the charity to fund future rental costs on business premises from which to operate the centre and, as such, are held separately until the required amount is needed in the future.
Belfast Homeless Services continued to receive support from the John Atcheson Foundation during the year in the form of a substantial donation. The directors would like to acknowledge and thank the foundation for its generous support of the charity's activities during the period.
In addition, the charity was the recipient of a significant corporate contribution from the Wilson Resources Group. The directors would also like to extend their gratitude to the group for their generous backing of the charity in the period.
BHS successfully applied for grants towards core funding from LFT Charitable Trust, of which approximately £3,000 was received in the period. Belfast City Council also provided support, totalling £2,100, in grant funds.
Fundraising by the charity was significantly impacted in previous periods due to the restrictions arising from the coronavirus pandemic. However, the charity has significantly increased it fundraising activity during the accounting period.
Expenditure during the period
The expenditure was £51,378 (2022 - £47,673) for the period ended 31 December 2023.
During the accounting period, the charity operated with one paid employee. This accounts for a significant proportion of the expenditure spent in the period. Of the other recurring costs that the charity incurs, the major expenses relate to food and cutlery supplies, office equipment, volunteer training and clothing as well as external consultancy advice. These have all been impacted to an extent by the general inflationary environment that has been felt by the wider UK economy.
During the period to 31 December 2023, the Charity benefited greatly from the temporary provision of rent-free premises at 2 Amelia Street, Belfast.
Policy for reserves
The charity has a policy for reserves and the level of unrestricted reserves. The policy is reviewed on an annual basis. In this context, unrestricted reserves are the total funds freely available to spend on any of the charity's purposes. This definition excludes restricted funds and funds designated for essential future spending, although holding such funds may influence the charity's reserve policy.
5
Belfast Homeless Services
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Period from 1 November 2022 to 31 December 2023
Financial review (continued)
The General Fund is unrestricted and is used for the day-to-day operation of the charity. The charity operates with an unrestricted reserve at a level set by the trustees. Currently, this is £145,481 (2022 - £58,430). The running costs have increased as a result of operating the additional night of service. In addition, the charity has engaged a part-time employee as a service co-ordinator. Finally, general inflationary conditions have pushed up recurring costs incurred by the charity. Due to the combined impact of these factors, the trustees feel that the increased level of reserves held at the year-end is prudent and reasonable. The reserve is held to allow the charity to offset fluctuations in income receipts and to provide for contingencies.
Funds Materially in Deficit
As at 31 December 2023, the charity had no funds in material deficit.
Funds held as custodian trustee
The charity does not hold any assets in this capacity.
Principal risks facing the charity
As the charity relies on donation and is not government funded, it faces a certain level of financial uncertainty. In addition, the service is made up of volunteers and thus runs on their goodwill.
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to those risks.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the notes to the accounts.
Public Benefit Statement
The trustees confirm that they have complied with their duty to have regard to the Charity Commission's guidance on public benefit and that the public benefit requirement has informed the activities of the charity for the period to 31 December 2023.
The trustees' annual report and the strategic report were approved on 20 September 2024 and signed on behalf of the board of trustees by:
………………………… F Greene Trustee
6
Belfast Homeless Services
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Belfast Homeless Services
Period from 1 November 2022 to 31 December 2023
I report to the trustees on my examination of the financial statements of Belfast Homeless Services ('the charity') for the period ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the ‘2008 Act’) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
……………………………………………………………… 20[th] September 24 Una Cunningham FCA Chartered Accountants Ireland Independent Examiner Purdy Quinn Chartered Accountants 42 Greencastle Street KILKEEL Co Down BT34 4BH
7
Belfast Homeless Services
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Period from 1 November 2022 to 31 December 2023
| Year to | |||||
|---|---|---|---|---|---|
| Period from 1 Nov 22 to 31 Dec 23 | 31 Oct 22 | ||||
| Unrestricted | Restricted | ||||
| funds | fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 76,021 | 25,100 | 101,121 | 72,973 |
| Other activities | 6 | 29,289 | – | 29,289 | 4,388 |
| Investment income | 7 | 1,000 | – | 1,000 | 38 |
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──────── |
||
| Total income | 106,310 | 25,100 | 131,410 | 77,399 | |
═════════ |
════════ |
═════════ |
════════ |
||
| Expenditure | |||||
| Expenditure on raising funds: | 8 | 1,813 |
84 | 1,897 | 496 |
| Expenditure on charitable activities | 9,10 | 18,971 |
30,510 | 49,481 | 47,177 |
───────── |
──────── |
───────── |
──────── |
||
| Total expenditure | 20,784 | 30,594 | 51,378 | 47,673 | |
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════════ |
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════════ |
||
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──────── |
||
| Net income | 85,526 | (5,494) | 80,032 | 29,726 | |
═════════ |
════════ |
═════════ |
════════ |
||
| Transfers between funds | 1,525 | (1,525) | – | – | |
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||
| Net movement in funds | 87,051 | (7,019) | 80,032 | 29,726 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 58,430 | 46,067 | 104,497 | 74,771 | |
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||
| Total funds carried forward | 145,481 | 39,048 | 184,529 | 104,497 | |
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═════════ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 10 to 19 form part of these financial statements.
8
Belfast Homeless Services
Company Limited by Guarantee
Statement of Financial Position
31 December 2023
| 31 Dec 23 | 31 Oct 22 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 16 | 2,199 | 3,258 |
| Current assets | |||
| Debtors | 17 | 2,861 | 460 |
| Cash at bank and in hand | 182,243 | 103,467 | |
───────── |
───────── |
||
| 185,104 | 103,927 | ||
| Creditors: amounts falling due within one year | 18 | 2,774 | 2,688 |
───────── |
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||
| Net current assets | 182,330 | 101,239 | |
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||
| Total assets less current liabilities | 184,529 | 104,497 | |
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||
| Net assets | 184,529 | 104,497 | |
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||
| Funds of the charity | |||
| Restricted funds | 39,048 | 46,067 | |
| Unrestricted funds | 145,481 | 58,430 | |
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||
| Total charity funds | 20 | 184,529═════════ |
104,497═════════ |
For the period ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 20 September 2024, and are signed on behalf of the board by:
………………………..
……………………..
S Maxwell F Greene Trustee Trustee
The notes on pages 10 to 19 form part of these financial statements.
9
Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements
Period from 1 November 2022 to 31 December 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 2 Amelia Street, Belfast, Co Antrim, BT2 7GS.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
10
Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 November 2022 to 31 December 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
11
Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 November 2022 to 31 December 2023
3. Accounting policies (continued)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. All assets costing more than £500 are capitalised.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Kitchen Equipment | - | 25% straight line |
|---|---|---|
| Fixtures and fittings | - | 25% straight line |
| Office Equipment | - | 33% straight line |
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
12
Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 November 2022 to 31 December 2023
3. Accounting policies (continued)
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
The company is limited by guarantee of members and does not have a share capital. The liability of each member is limited to £1.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 66,792 | 20,000 | 86,792 |
| JustGiving donations | 9,229 | – | 9,229 |
| Grants | |||
| LFT Grant | – | 3,000 | 3,000 |
| BCC Community Recovery Support Grant | – | 2,100 | 2,100 |
| BCC Summer Funding Programme | – | – | – |
| BCC Covid-19 Community Support Fund | – | – | – |
| Honourable Irish Society | – | – | – |
| The Community Foundation | – | – | – |
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|
| 76,021 | 25,100 | 101,121 | |
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|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 36,253 | 26,000 | 62,253 |
| JustGiving donations | – | – | – |
| Grants | |||
| LFT Grant | – | 2,360 | 2,360 |
| BCC Community Recovery Support Grant | – | – | – |
| BCC Summer Funding Programme | – | (200) | (200) |
| BCC Covid-19 Community Support Fund | – | 1,992 | 1,992 |
| Honourable Irish Society | – | 1,900 | 1,900 |
| The Community Foundation | – | 4,668 | 4,668 |
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|
| 36,253 | 36,720 | 72,973 | |
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13
Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 November 2022 to 31 December 2023
| 6. | Other activities | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Fundraising events | 29,289 | 29,289 | 4,388 | 4,388 | |
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||
| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 1,000 | 1,000 | 38 | 38 | |
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| 8. | Costs of raising funds | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Fundraising costs | 1,813 | 84 | 1,897 | ||
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|||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Fundraising costs | 496 | – | 496 | ||
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| 9. | Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Support to Homeless and Vulnerable Adults - Belfast | 16,784 | 30,510 | 47,294 | ||
| Support costs | 2,187 | – | 2,187 | ||
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|||
| 18,971 | 30,510 | 49,481 | |||
════════ |
════════ |
════════ |
|||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Support to Homeless and Vulnerable Adults - Belfast | 15,700 | 29,466 | 45,166 | ||
| Support costs | 2,011 | – | 2,011 | ||
──────── |
──────── |
──────── |
|||
| 17,711 | 29,466 | 47,177 | |||
════════ |
════════ |
════════ |
14
Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 November 2022 to 31 December 2023
10. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support |
Total funds | Total fund | ||
| directly | costs |
2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Support to Homeless and Vulnerable | |||||
| Adults - Belfast | 47,294 | 259 |
47,553 | 45,288 | |
| Governance costs | – | 1,928 |
1,928 | 1,889 | |
──────── |
─────── |
──────── |
──────── |
||
| 47,294 | 2,187 |
49,481 | 47,177 | ||
════════ |
═══════ |
════════ |
════════ |
||
| 11. | Analysis of support costs | ||||
| Analysis of | |||||
| support costs | Total 2023 | Total 2022 | |||
| £ | £ | £ | |||
| Finance costs | 259 | 259 | 122 | ||
| Governance costs | 1,928 | 1,928 | 1,890 | ||
─────── |
─────── |
─────── |
|||
| 2,187 | 2,187 | 2,012 | |||
═══════ |
═══════ |
═══════ |
|||
| 12. | Net income | ||||
| Net income is stated after charging/(crediting): | |||||
| 31 Dec 23 | 31 Oct 22 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 1,434═══════ |
1,339═══════ |
13. Independent examination fees
| Period from | ||
|---|---|---|
| 1 Nov 22 to | Year to | |
| 31 Dec 23 | 31 Oct 22 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 648 | 630 |
| Other assurance services | 1,280 | 1,260 |
─────── |
─────── |
|
| 1,928 | 1,890 | |
═══════ |
═══════ |
15
Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 November 2022 to 31 December 2023
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| Period from | ||
|---|---|---|
| 1 Nov 22 to | Year to | |
| 31 Dec 23 | 31 Oct 22 | |
| £ | £ | |
| Wages and salaries | 19,979 | 14,166 |
| Employer contributions to pension plans | 620 | 396 |
──────── |
──────── |
|
| 20,599 | 14,562 | |
════════ |
════════ |
The average head count of employees during the period was 1 (2022: 1).
The charity continued to rely on volunteers to provide services.
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
15. Trustee remuneration and expenses
The trustees did not receive remuneration or other benefits through employment with the charity.
No trustee has claimed expenses or had their expenses met by the charity.
16. Tangible fixed assets
| Plant and | Fixtures and | |||
|---|---|---|---|---|
| machinery | fittings | Equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 November 2022 | 2,912 | 654 | 1,356 | 4,922 |
| Additions | 375 | – | – | 375 |
─────── |
──── |
─────── |
─────── |
|
| At 31 December 2023 | 3,287 | 654 | 1,356 | 5,297 |
═══════ |
════ |
═══════ |
═══════ |
|
| Depreciation | ||||
| At 1 November 2022 | 728 | 489 | 447 | 1,664 |
| Charge for the period | 822 | 165 | 447 | 1,434 |
─────── |
──── |
─────── |
─────── |
|
| At 31 December 2023 | 1,550 | 654 | 894 | 3,098 |
═══════ |
════ |
═══════ |
═══════ |
|
| Carrying amount | ||||
| At 31 December 2023 | 1,737 | – | 462 | 2,199 |
═══════ |
════ |
═══════ |
═══════ |
|
| At 31 October 2022 | 2,184 | 165 | 909 | 3,258 |
═══════ |
════ |
═══════ |
═══════ |
16
Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 November 2022 to 31 December 2023
17. Debtors
| 31 Dec 23 | 31 Oct 22 | |
|---|---|---|
| £ | £ | |
| Donations receivable | 1,346 | – |
| Prepayments and accrued income | 1,515 | 460 |
─────── |
──── |
|
| 2,861 | 460 | |
═══════ |
════ |
|
| Creditors: amounts falling due within one year | ||
| 31 Dec 23 | 31 Oct 22 | |
| £ | £ | |
| Accruals and deferred income | 2,593 | 2,577 |
| Social security and other taxes | 181 | 111 |
─────── |
─────── |
|
| 2,774 | 2,688 | |
═══════ |
═══════ |
18. Creditors: amounts falling due within one year
19. Pensions and other post-retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £620 (2022: £396).
17
Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 November 2022 to 31 December 2023
20. Analysis of charitable funds
| At 1 Nov | At 31 Dec | ||||
|---|---|---|---|---|---|
| Unrestricted funds | 2022 | Income | Expenditure | Transfers | 2023 |
| £ | £ | £ | £ | £ | |
| General funds | 58,430 | 106,310 | (20,784) | 1,525 | 145,481 |
════════ |
═════════ |
════════ |
═══════ |
═════════ |
|
| At 1 Nov | At 31 Oct | ||||
| 2021 | Income | Expenditure | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| General funds | 35,958 | 40,679 | (18,207) | – | 58,430 |
════════ |
════════ |
════════ |
════ |
════════ |
|
| Restricted funds | At 1 | At 31 | |||
| Nov 2022 | Income | Expenditure | Transfers | Dec 2023 | |
| £ | £ | £ | £ | £ | |
| Premises Fund | 25,210 | – | – | – | 25,210 |
| LTF Fund | – | 3,000 | (3,000) | – | – |
| Covid 19 Charities Fund | 490 | – | (490) | – | – |
| Awards for all Grant (Lottery) | 2,047 | – | (2,047) | – | – |
| BCC Community Recovery | |||||
| Support Grant | – | 2,100 | (2,100) | – | – |
| The Community Foundation | 1,868 | – | (1,068) | – | 800 |
| The Irish Society | 1,900 | – | – | (1,900) | – |
| BCC Covid-19 Community | |||||
| Support Fund | 21 | – | (21) | – | – |
| Charity Asset Fund | 3,093 | – | (1,269) | 375 | 2,199 |
| John Atcheson Salary Fund | 11,438 | 20,000 | (20,599) | – | 10,839 |
──────── |
──────── |
──────── |
─────── |
──────── |
|
| 46,067 | 25,100 | (30,594) | (1,525) | 39,048 | |
════════ |
════════ |
════════ |
═══════ |
════════ |
|
| At 1 | At 31 | ||||
| Nov 2021 | Income | Expenditure | Transfers | Oct 2022 | |
| £ | £ | £ | £ | £ | |
| Premises Fund | 25,210 | – | – | – | 25,210 |
| LTF Fund | – | 2,360 | (1,341) | (1,019) | – |
| Covid 19 Charities Fund | 1,891 | – | (45) | (1,356) | 490 |
| Awards for all Grant (Lottery) | 6,712 | – | (4,665) | – | 2,047 |
| BCC Community Recovery | |||||
| Support Grant | 5,000 | (201) | (4,799) | – | – |
| The Community Foundation | – | 4,668 | (2,800) | – | 1,868 |
| The Irish Society | – | 1,900 | – | – | 1,900 |
| BCC Covid-19 Community | |||||
| Support Fund | – | 1,993 | (79) | (1,893) | 21 |
| Charity Asset Fund | – | – | (1,175) | 4,268 | 3,093 |
| John Atcheson Salary Fund | – | 26,000 | (14,562) | – | 11,438 |
──────── |
──────── |
──────── |
─────── |
──────── |
|
| 38,813 | 36,720 | (29,466) | – | 46,067 | |
════════ |
════════ |
════════ |
═══════ |
════════ |
18
Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Period from 1 November 2022 to 31 December 2023
21. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | – | 2,199 | 2,199 |
| Current assets | 148,073 | 37,030 | 185,103 |
| Creditors less than 1 year | (2,592) | (181) | (2,773) |
───────── |
──────── |
───────── |
|
| Net assets | 145,481 | 39,048 | 184,529 |
═════════ |
════════ |
═════════ |
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 165 | 3,093 | 3,258 |
| Current assets | 60,686 | 43,241 | 103,927 |
| Creditors less than 1 year | (2,421) | (267) | (2,688) |
──────── |
──────── |
───────── |
|
| Net assets | 58,430 | 46,067 | 104,497 |
════════ |
════════ |
═════════ |
22. Going concern review
The Charity is reliant on donations, grants & fundraising for income at present. This can create uncertainty over the ability of the charity to secure sufficient funding in the foreseeable future.
The Charity has considered the impact of the current environment on the financial performance and cash flow of the organisation. It has considered the practicality of relocating from its current rent-free premise in the foreseeable future. The Charity's forecast and projections, taking account of reasonably possible changes in its operating performance, show that the Charity should be able to operate within the level of its current funds.
After making enquiries, the directors have a reasonable expectation that the Charity will have adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis in preparing the annual report and accounts.
23. Related parties
During the period the charity occupied the building at 2 Amelia Street, Belfast on a rent-free basis. The charity and the company with title to the building (Hastings Hotels Group Limited) have a director in common, Mr J McGinn.
19