COMPANY REGISTRATION NUMBER: N1665041
CHARrrY REGISTRATION NUMBER: NIC 108018
Belfast Homeless Services
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2024
PURDY
UINN
Chartered Accountants
42 Greencastle Street
KILKEEL
Co Down
BT34 4BH

Belfast Homeless Services
Company Limited by Guarantee
Flnancial Statemants
Year ended 31 December 2024
Page
Trustees, annual report (incorporating the director's report)
14
Independent examinerfs report to the trustees
statement of financial activities (including income and
expenditure account)
statement of financial position
Notes to the financial statements
10-20

Belfast Homeless Services
Company Llmlted by Guarantee
Trusteos. Annual Report (Incorporating the Director's Report)
Year ended 31 December 2024
The trustees, who are also the directors for the purposes of company law. presenl their report and the
unaudited financial statements ofthe charily for the year ended 31 December 2024.
R8f8renc8 and administrative dètails
Registered charity name
Belfast Homeless Services
Charity registralion number
NIC 108018
Company reg15tratlon number N1665041
Principal office and registor8d 35a Kings Str8et
office
Belfast
Co Antrim
BT1 1HU
The trustee$
F Greene
S Maxwell
J McGinn
E Murray
J Murphy
C Crummey
D Mulholland
W G Brown
D Farrelly
C Leinster
N McDonagh
L Rolston
H Corbett
E Lavery
M J Maloney
(Chairp8rson)
(Appointed 15 May 2024)
(Appointed 2 June 2025)
(Appointed 2 June 2Q25)
(Appointed 2 June 2Q25)
(Appointed 2 June 2025)
(Resigned 15 May 2024)
(Resigned 22 November 2024)
(R8sign8d 2 Jun8 2025)
Independent examiner
Una Cunningham FCA
Purdy Quinn
Chartered Accountants
42 Greencastl8 Str88t
KILKEEL
Co Down
BT34 4BH

Belfast Homeless Services
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnufjdJ
Year ended 31 December 2024
Structure. govemance and management
Govemin Document and Gonstitution
The charity is a private wmpany limited by guarantee. It is govemed by ils Memorandum and Articles
ofAssociation,
Trustee Sg1g¢tion and Mana
8ment
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
volunleers.
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 acl to be a director; and
2) determine the rotation in which any addilional directors are to retire.
Objectives and activities
Charitable ob gcts
The objectives of Belfast Homeless Services {BHS) are as follows:
To provide services to homeless and vulnerable adulls in Belfast including but not limited to:
The provision of a "Drop In" Service.
The provision of food and drink induding a hot rneal to users of the Drop In Servi
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 extemal agencies
Main activities and sgThicgs
In Northem Ireland, 7.637 people presented as homeless between October 2024 and March 2025
and. as of January 2024. 5,220 households were living in temporary accommodation (source: Nl
Homel&ssn8ss 8u118tin, D8partment for Communwti8sI. Belfast. Derry and Straban8 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 uses 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 operates three nights per week and has seen demand for its services continue to increase.
The charity aspires to open a fourth night in the future.
The charity provid6s food. clothing, advice and support to hom8168s and vuln8rabl8 P80ple. The Drop
In also provides various recreational facilities and offers much needed respite to its service users.

Belfast Homeless Services
Company Llmlted by Guarantee
Trustees. Annual Report (Incorporating the Dirèctor's Raport) (continu•dJ
Year ended 31 December 2024
Objectives and activities (¢ontlnu&d)
During the year, BHS provided various additional services design8d lo improve the m8ntal and
physical wellbeing of homeless people. The charity 8150 provides signposting for service users to other
key serviceslbenefits. The charity hopes to build on this type of support, subject lo sufficient resourGes
and funding.
Strategic r8POrt
The following sections for achievements and performance and financial review form the strategic
report of the charity.
Achievements and perfomiance
Provi&on of additional facilities and seryices lo 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 adutts 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
r8SPIt8. It is hoped that in time, together with the support Df volunteers and funding. the charity (xn
increase the number of days it is open and the level of service it can provide to the homeless
communty.
The charity operates a range of 8dditional services. These additional faciliti8S W8re designed to help
with the physical and mental wellbeing of Servi￿ users. The charity provides access, via external
agency support, to the following:
Chest. Heart & Stroke heatth checks
Podiatry services
Hairdressers I barbers facilities
In addition to that. the charity also provides signposting for users to other key social services and
benefit5. It also rnakes frequent out of hour housing referrals to those in need.
This programme of additional faGilities has proven extrernely popular with service users and has
help8d a significant number of us8rs. both from a physical and a mentsl poinl of view.
Fundraisin
and chantable cam
ns
The demand for clothing saw the Charty launch a Shoe Box appeal during the year to rais8 much
needed fooiwear for Service users. The appeal was run from October lo Decemb8r and the response
from the general public was fantastic and something the charity hopes lo build on in fulure campaigns.
In addition. during the year, the charity ran a series of fundraising events designed to help generat8
additional funding which can be used towards the needs of the charity and its service users.
These included..
Charity spinalhons
A quiz nighl
Supermark8t bag packs, and
A charity ziplin8

Belfast Homeless Services
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnu¢dJ
Year ended 31 December 2024
Achievements and performance (contlnuedj
The charity would like to express its appreciation at the amazing support for all the people that
volunteered Iheir time to help create and participate in those events.
Volunteer o
rtunities and develo ment
Volunteers are part of a very dynamic, intercultural and passionate team and engage with service
users who have a range Df ccmplex needs. Training is provided regularly lo our team of volunt88rs
including both mandatory and optional training. This has included training in relation to professional
boundaries, safeguarding adults. food safely. first aid, addiction and mental health. Good structur8S
and safety m8asures 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.
rammes of intercultural events
BHS has ongoing relationships with the Polish comrnunity and at Christmas a group of leaders from
the Polish cornmunity provided the Polish service users with their traditional Christmas dinner.
Representatives from the Polish Consulale were also present. This event is planned to reoccur on an
annual basis going forward.
We have also built strong relationships wilh the following organisations:
Belfast Asian Women's Academy {BAWA)
Belfast Multicultural ASS￿latIon (8MCA)
Events like this have strengthened the reputation of the centre as being open to all regardless of
personal circumstsnces, ra￿, gender, ability, or faith. Thi5 inclusiveness is a key tenet of what makes
the centre so welcoming and is one of the reasons why so many homeless and vulnerable peopl8
attend to use the s8rvic8s of the Drop In. This promotion of a sense of cullural inclusivity is entirely
down to the great attitude of the volunteers of the charity.
PSNI Communit Team
BHS have strengthened its working relationship with local community PSNI repres8ntativ8s. The PSNI
repres8nt8tives visit the centre on a regular basis sp8ak to both volunteers and service users.
They have also given help with some very difficult situations during the year and are always available
to offer additional guidance where needed.
Pwc Hummin bird Pro
As part of our partnership with PWC through the Hummingbird proj8Ct, we were fortunate to welcome 8
team of their staff who joined u5 over several evenings to volunteer their time and energy. During
these sessions, they not only supported our regular activities bLrt also brought valuab18 r8sourc8S.
including food supplies. food vouchers, and thoughffully prepared sho8box8s filled with essentials for
those in need. Their involvement had an immediate impact, providing practical support and
encouragement to our beneficiaries.
lrnportantly, this engagement has grDwn beyond the initial visits. Sinca then, we have welcome
additional volunteers from PWC who continue to support our work.

Belfast Homeless Services
Company Limited by Guarantee
Truslees. Annual Report (Incorporating the Directorfs Report) (contlnu•dJ
Year ended 31 December 2024
Financlal revlew
The finanGi81 statemenls 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 Hcmeless SeNices. The Slatement of Financial Activities (SOFA) shows a surplus for the
year of £65.478 {2023 - £80.032).
This is the charity's fifth financial accounling period. Financial performance has been broadly
consistent with th8 trust88's for8casts and exp8Ctations, though these w8r8 impacted, to an 8xi8nt. by
the ongoing inflationary measures that have impacted the economy more widely.
Incomg durin th8
ar
The income for this year was £120,124 (2023 £131,410). 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 lo enable the charily to fund future rental
costs.
Belfasl Homel8ss S8rvic8s continued to r8c8ive support from th8 Flax Trust during the year in the
fomi of a substantial donation, The directors would like to acknowledge and thank the trust for its
gen8rous support of th8 charity's activitles during th8 year.
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 Ihe group for their
generous backing of the charity in the period.
8HS successfully applied for grants towards core funding frorn LFT Charitable Trust, of which
approximately £3.840 was received in the period. A grant of £5.000 was received from Th8
Community Foundation towards volunl8er wellbeing during th8 y88r. In addition, th8 National Lottery
Awards for All fund - Communty Fund also provided support, lotalling £19,968, in grant monies
towards employee costs.
enditure durin
the
ear
The expenditure was £54.646 (2023: £51,378) for th8 y8ar ended 31 D8C8mb8r 2024.
During the accounting period, the charity operated with two paid employees. This acceunts 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 Clothlng as well as external consultancy advice. These have all been impacted to an
exient by the general inflationary environrnent that has been felt by the wider UK economy.
During the year to 31 De￿mber 2024, the Charity benefited greally from the temporary provision of
rent-fr8@ pr8mises at 2 Am81ia Str8et. B81fast. However. th8 charity 8nt8r8d into a 18ase for new
premise5 on King Street in Belfast from 4 December 2024.
PoliG
for reserves
The charity has a policy for reserves and the level of unrestrided reserves. The policy is reviewed on
an annual basis. In this cont8Xt, unrestrict8d r8s8￿&s are the total funds fre81y availab18 to SP8nd 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 charily's reserve policy.

Belfast Homeless Service5
Company Lirnited by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrectorfs Report) fcontlnued)
Year ended 31 December 2024
Flnanclal revlew (¢ontlnuedJ
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 £170,975 (2023 -
£145.481) following the board designalion of £32,990 to a premiseslrent fund during the year.
The general running costs of the charlty increase annually as a result of infiationary conditions pushing
up the recurring costs incurred by the charity. In addition. th8 charity has now engaged a part-lime
employee as a service co-ordinator. More significantly, the charity which historically occupied a
rent-free premises for many years has now signed a ten-year lease on ils own B81fast premises. This
will significantly increase the annual core running costs of the charity and its financial (x)mmitrn8nts.
Due to the combined impact of these factors. the trustees feel that the increased level of reserves h81d
at the year-end is prudent and reasonable. The reserve is held lo allow the charity to offset
fluctuations in income reGeipts and to provide for contingencies and known financial commitrnents.
Funds Materially in Deficit
As at 31 Dec8mb8r 2024, th8 charity had no funds in material deficit.
Funds held as cu$todlan trustee
The charity does not hold any assets in this c8pacity-
Prlnclpal rlsks faclng the charlty
As the charily relies on donation and is not governmenl funded, it faces a certain level of financial
uncertainty. In addition. the seNice is made up of volunteers and thus runs on Iheir goodwill.
The trustees have assessed the major risks to which the charity is expos8d and ar8 satisfied that
syslems are in place to mitigate exposure to those risks,
Going concèrn
After making appropriate enquiries. the trustees have a reasonable expectalion thal the charitable
company has adequate resources to continue in operational existence for the foreseeab18 futur8. 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.
Publlc Benefit Statement
The trustees wnfimi that th8y have complied with their duty to have regard to the Charity
Commission's guidance on public benefit and that the public benefil requirement has inforrned the
activilies of the charily for the period to 31 December 2024.
The trustees. annual report and the strategic report were approved on 2310912025 and signed on
behalf of the board of trustee5 by:
F Gr88n8
Trustee

Belfast Homeless Services
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Belfast Homeless Services
Year ended 31 December 2024
I report to th8 tNst88s on my examination of the financial statements of Belfasl Homeless Services
I'the charity,) for the year ended 31 December 2024.
Responslbilltles and basls 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 ststements in accordance with the requirernents of
Chariti8s Act (Northem Ir8landl 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 exarnination.
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 exarnination. I report in respect of my examinalion of
the charity's financial statements as carried oul under section 65 of the 2008 Act. In carrying out my
examination I have followed th8 gen8ral Dir8Ctions given by the Charity Commission for Northem
Ireland under section 65(9}(b) of the 2008 Act.
Independent examineV8 Stat8ment
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 Ihose records. Dr
the financial statements do not comply with the accounting requirements of section 396 of
th& 2006 Act other than any r8quir8ment that the accounts give a Yrue and fairf view which
is not a m8lt8r considered as pari of an independent examination,. or
the financial statements have not been prepared in accordan￿ with the methods and
principles of the Ststement of Recomm8nded Practice for accounting and r8porling by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicabl8 in th8 UK and Republic of Ir8land IFRS 102)-
I confirm that there are no other rnatters to which your attention should be drawn to enable a proper
understanding of the accounts to be reached.
231912025
Una Cunningham FCA
Chartered Accountants Ireland
Ind8P8nd8nt Examiner
Purdy Quinn
Chartered Accountants
42 Greenca5tle Street
KILKEEL
Co Down
BT34 4BH

Belfast Homeless Services
Company Limited by Guarantee
Statemant of Financlal Actlvlties
(includlng Income and expendlture account)
Year ended 31 December 2024
Period from
1 Nov22to
31 Dec 23
Year to 31 Dec 24
Unrestricted
Restricted
funds
funds Total funds Total funds
Note
Income and endowments
Donations and legacies
Other trading activities
Inveslmenl incorne
85.824
3.344
1.623
29,333
115,157
3,344
1,623
101,121
29,289
1,UOO
Total income
90,791
29,333
120.124
131,410
Expenditure
Expenditure on raising funds,.
Costs of r8ising donations and
legacies
Expenditure on charitable activities
Total exp•ndituro
747
32,085
747
53.899
1,897
49,481
9.10
21,814
32.832
21,814
54,646
51,378
Net income
57.959
7,519
65.478
80,032
Transfers between funds
525
{525)
Nel movement in funds
58,484
6,994
65.478
80,032
Reconciliation of funds
Total funds brought forward
Total funds carried fO￿ard
145,481
39,048
184,529
104,497
184.529
203,965
46.042
250,007
The staternent of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing 8Ctivilies.
The notes on pages 10 to 20 forni part of these financial statements.

Belfast Homeless Services
Company Limited by Guarantee
Staternent of Flnanclal Posltlon
31 December 2024
2024
2023
Note
Flxed assets
Tangible fixed assets
16
930
2.199
Current assets
Debtors
Cash at bank an¢J in hand
17
6,153
248,323
2,861
182.243
254,476
185.104
Creditors: amounts falling due within one year
Net current assets
18
5,399
2.774
249,077
182.330
Totsl assets less current Ilabllltle$
250,U07
184.529
Net assets
250,007
184,529
Funds of the charity
Restricted funds
20
46,042
39,048
Unrestricted funds
General funds
Designated funds
20
20
170,975
32.990
145.481
203,965
145,481
Total charity funds
21
250.007
184,529
For the year ending 31 December 2024 the charity was entitled to exemption from audit under section
477 ofthe Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not r8quir8d th8 Cotnpany to obtain 8n audit of its financial stat8TNents for the
year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with Ihe 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 th8 board of truste8s and aulhorise(J for issue on
2310912025, and are signed on behalf of the board by..
S Maxwell
Trustee
F Greene
Trustee
Tho notes on pages 10 to 20 fomi part of these flnanclal statemènls.

Belfast Homeless Services
Company Llmlted by Guarantee
Notes to the Financial Statements
Year ended 31 December 2024
General Infomiatlon
The charity is a public benefit entity and a private company limiled by guarantee. registered in
Northem Ireland and a registered charity in Northem Ireland. The address ofthe registered offi
is 35a Kings Street. Belfast, Co Antrim. BT1 1HU.
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 tc charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ir8land (FRS 1021 (Charities
SORP (FRS 102}) and the Companies Act 2006.
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 ststements ar8 prepared in st8rling, which is th8 functional currency of the entily.
Golng concern
There are no rnaterial uncertainties about th8 charity's ability to continu8.
Judgements and key sources of estlmatlon uncertalnty
The preparation of the financial statements requires management to make judgetn8nts,
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 ev8nts that are believed lo be r8asonabl8 under th8 circumstances.
Fund a¢¢ountlng
Unrestricted fund5 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.
Restricled funds are subjected to restrictions on their expenditure declared by th8 donor or
through the terms of an appeal. and fall inlo one of two sub-classes.. restricted income funds or
endowment funds.
10

Belfast Homeless Services
Company Limited by Guarantea
Notes to the Flnanclal Statsments (oonbnved)
Year ended 31 December 2024
Accountlng pollcies (¢t>ntlnuedl
Incoming resourcos
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 as50Ci8ted wilh th8 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 enlitlement to Ihe
gift. rec8iPt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probabl8 and 8ntit18m8nt is 8Stablished.
income from dc)nat8d goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived frorn the cost to the donor
or the eslimated resale value. Donated facilities and services are reccgnised 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 reccgnised with the delivery of Ihe
Gontracted servic8. This is classif18d as unrestrict8d funds un18SS there is a contractual
requir8m8nt for it to be spent on a particular purpose and returned rf unspent, in which case
it may be regarded as restricted.
Rosources 8xpended
Expendilure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any
VAT which cannot b8 fully r8cover8d, 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
activiti8s that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governan￿ of the charity apportioned to charitable
activities.
other expenditure includ8s all 8XP@nditur8 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 ￿leCting the use of the resource. Direct costs
attributable to 8 single activity are 8lloc8t8d directly lo that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Operatlng leases
Lease payments are recognised as an expense over the lease tenn on a straight-line basis. The
aggregate benefit of lease incentives is recognis8d as a reduction to 8XP8nse over the lease
term, on a straight-line basis.
11

Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnued)
Year ended 31 December 2024
Accounting policies (contlnu•dJ
Tangible assets
Tangib18 assets ar8 initially recorded al cost. and subsequently stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at th8 fair value at th8 date of revalualicn less any subsequent
accumulat8d 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 eGonomic life of that asset as follows:
Kitchen Equipment
Fixtures and fittings
Office Equipment
250/ts Straight line
250/D Straight lin8
330/D Straight line
Impainnent of fixed assets
A r8Vi8w 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 r8viewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible tc> estimate th8 recov8rable
atllount of an individual 8SS8t. an 8Stimale is made of the recoverable amount of the
cash-generating unit lo which the asset belongs. The cash-generating unit is the smallest
identifiable group of assels that includes the asset and generates Gash inflows that larg81y
independent of the cash intlows from other assels or groups of assets.
For impaimient testing of goodwill, the goodwill acquired in a business combination is, from Ihe
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.
Flnancial instruments
A financial asset or a financial liability is recognised only when the entily becomes a party to the
contractual provisions of the instrument.
Basic financial instrum8nts are initially recognised at the arnount receivable or payable including
any r81ated 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 instrum8nt.
Current assets and current liabilities are subsequently measured at Ihe 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 Llmlted by Guarantee
Notes to the Financial Statements (conlinuod)
Year ended 31 December 2024
Accounting policies {contlnuedJ
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in Ihe period in which
the related service is provided. Pr8paid contributions ar8 r8cognised as an assel 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 s8tt18d wholly within 12 months of the 8nd of the
reporting dale in which the employees render the related service, the liability is measured on a
iscounted present value basis, The unwinding of the discount is recognised as an expense in
the period in which it arises.
Llmlted by guarantee
The company is limited by guarantee of members and does not have 8 share capitsl. The liability
of each member is limited to £1.
Donatlons and legacles
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Donations
JustGiving Donations
71.645
14.179
71.645
14,179
Grants
LFT Grant
BCC Community Recovery Support Grant (T21
Th8 Community Foundation
Awards for All (Lottery)
3,840
525
5,000
19,968
3.840
525
5,000
19.968
85.824
29,333
115.157
Unrestricted
Funds
Restricted Totsl Funds
Funds
2023
Donations
Donations
JustGiving Donations
66,792
9.229
20,000
86,792
9,229
Grants
LFT Grant
BCC Community Recovery Support Grant (T2)
Th8 Community Foundation
Awards for All (Lottery)
3.000
2,100
3,000
2,100
76.021
25.100
101,121
13

Belfast Homeless Services
Company Llmlted by Guarantee
Notes to the Flnancial Statements (eontlnu•dJ
Year ended 31 December 2024
Other trading activitios
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
Fundraising events
3,344
3,344
29.289
29.289
Invasthient Income
Unrestricled Totsl Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Bank interest
1,623
1,623
1.000
1.000
Costs of raising donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Fundraising costs
747
747
Unrestrided
Funds
Restricled Total Funds
Funds
2023
Fundraising costs
1,813
1,897
Expendlture on charltable actlvilies by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Support to Homeless and Vulnerable Adults- Belfast
Support costs
29,657
2,428
21,814
51.471
2.428
32,085
21.814
53.899
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Support to Homeless ané Vulnerable Adults- Balfast
Support Costs
16,784
2,187
30.510
47,294
2,187
18,971
30.510
49,481
14

Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements {contlnued)
Year ended 31 December 2024
10. Expenditure on charitable activities by activity type
Activities
undertaken
dir8Ctly Support costs
Total funds
2024
Total fund
2023
Support to Homeless and Vulnerable
Adults - B8lfast
Governan￿ costs
51.471
51,575
2,324
47,553
1,928
2,324
51,471
2,428
53,899
49.481
11. Analysis of support costs
Analysis of
support costs Total 2024 Total 2023
Finance costs
Governance costs
104
2.324
259
1,928
2.187
2,324
2,428
2,428
12. Net income
Net income is stated after chargingl(crediting)'.
2024
2023
Depreciation of tangibl8 fixed assets
Operating lease - renlal
1.269
2.485
1,434
13. Indepèndent examination fèes
Period from
Year to 1 Nov 22 to
31 Dec 24
31 Dec 23
Fees payable to the independent examiner for,.
Independent 8xamination of Ihe financial statem8nts
Other assurance servitts
674
1,650
2.324
648
1,280
1,928
15

Belfast Homeless Services
Company Llmlted by Guarantee
Notes to the Financial Stataments (continued)
Year ended 31 December 2024
14. Staff costs
The total staff cosls and employee benefits for the reporting period are analysed as follows:
Period from
Year to 1 Nov 22 to
31 Dec 24
31 Dec 23
Wages and salaries
Employer contributions to pension plans
21,859
530
19,979
620
22,389
20,599
The average head count of employees during the year was 2 (2023.. 1),
The charity relied on volunteers to provide many services.
No emplcyee received employee benefits of more than £60,000 during the year12023: Nil).
15. Trustee remuneratlon and expenses
The trustees did not receive rernuneration or other ben8fits through employment with the charity.
No trustee has claimed expenses or had their expenses met by the charity.
16. Tangible fixed ass8ls
Plant and Fixtures and
machinery
fftlings
Equipment
Total
Cost
At 1 January 2024 and
31 December 2024
3.287
654
1,356
5,297
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
1,550
822
654
894
447
3,098
1.269
2.372
654
1,341
4,367
Carrylng amount
At 31 December 2024
915
15
930
At 31 December 2023
1.737
462
2,199
16

Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnuedJ
Year ended 31 December 2024
17. Debtors
2024
2023
Donations re￿1vable
Prepaymenls and accrued income
1.679
4,474
1.346
1.515
6,153
2,861
18. Creditors: amounts falllng due wlthln one year
2024
2023
Accruals and deferred incom8
Soci81 security and other taxes
5,257
142
2,593
181
5,399
2,774
19. Pensions and othèr posl.retirem8nt benefits
Defined contribution plans
The amount recognised as an expense in relation to defined oontributlon plans was £530 {2023:
£6201.
20. Analysis of charitable funds
Unrestricted funds
At1Jan
2024
Al 31 Dec
2024
Income Expenditure Transfers
General funds
Designated funds - Premises
145,481
90,791
{32,8321 (32,465)
32,990
170,975
32,990
145.481
90,791
(32.8321
525
203,965
At1Nov
2022
At 31 D8C
2023
Income Exp8nditure Transfers
General funds
Designated funds- Premises
58,430
106,310
(20.784)
1,525
145,481
58,430
106,310
(20.784)
1.525
145,481
17

Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements {contlnued)
Year ended 31 December 2024
20. Analysis of charitable funds (continued)
Rostricted funds
At1Jan
2024
At 31 Dec
2024
Income Expenditure Transfers
Premises Fund
LTF Fund
Covid 19 Charities Fund
Awards for all Grant {Lotlery}
BCC Community Re(xJvery
Support Grant {T2)
Th8 Community Foundation
The Irish Society
BCC Covid-19 Community
Support Fund
Charity Asset Fund
John Atcheson Salary Fund
25,210
(2,485)
(1.737)
22,725
2,103
3,840
19,968
19.968
525
5.000
(525)
800
15.484)
316
2,199
10.839
11,269)
(10,839)
(21,814)
930
39.048
29,333
(525)
46.042
AtINov
2022
At 31 Dec
2023
Income Expenditure
Transfers
Premises Fund
LTF Fund
Covid 19 Charities Fund
Awards for all Grant (Lottery)
BCC Community Recovery
Support Grant (T2)
The Community Foundation
The Irish Society
BCC Covid-19 Community
Support Fund
Charity Asset Fund
John Alcheson Salary Fund
25,210
25,210
3.000
{3,000)
{490)
{2,047}
490
2.047
2.100
(2,100)
(1,068)
1,868
1,900
800
11,900)
21
3,093
11,438
121}
(1,269)
120,599)
130,594)
375
2,199
10,839
20.000
46,067
25.100
11,525>
39,048
18

Belfast Homeless Services
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 December 2024
21. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
930
47,597
{2,485)
46.042
930
254,476
(5.3991
250,007
206,879
{2,914)
203,965
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 yeer
Net assets
2,199
37,030
(181)
39.048
2,199
185,103
(2.7731
184,529
148,073
(2.592)
145,481
22. Going concorn r8view
The Charity is reliant on donations. grants & fundraising for income at present. This can create
uncertainty over the abilty of the charity to secure sufficient funding in the foreseeab18 fulur8.
The Charity has considered the impact of the current environment on the financial performance
and cash flow of the organisation. It has considered the costs associated with the relocation to
35a Kings Street. 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 op8rational existenc8 far lh8 fores88able future. For these
reasons. they continue lo adopt the going concem basis in preparing the annual report and
accounts.
23. Capital commitm8nts
At the balance sheet dale, the Charity had authorised Ihe refurbishment of ils leasehold propety
at 35A King Street, Belfast. The expenditure wa5 deemed necessary for the charily to continue
with its existing operation.
This expenditure, expected to be approximately £40,000, was aulhorised by the board but not
contracled for or provided for at the y8ar end. The Charity is hop8ful that this cost will b8 partly
fund8d by a grant in the r8gion of £25,000.
19

Belfast Homeless Services
Company Llmlted by Guarantee
Notes to the Financial Statement5 (contlnuedj
Year ended 31 December 2024
24. Other financial commitments
On 4th December 2024 the Charity signed a ten-year lease on a premises at 35A King Street,
Belfast.
The minimum cornmitment for rent and service charges under the len-year lease is outlined
below.
25. Operallng lease commitments
The totsl future minimum lease 8xpens8 under nDn-cancellable op8rating leas8s are as follows:
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
Laler than 5 years
34,771
139,084
171,369
345.224
26. Related partles
During the year the charity OCCUPi8d the building at 2 Am81ia Street, Belfast on a r8nt-free basis.
The charity and the company with title the building (Hastings Hotels Group Limited) have a
director in common. Mr J McGinn.
20