Charity registration number NIC105748
Company registration number NI031975 (Northern Ireland)
FIRST HOUSING AID & SUPPORT SERVICES LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FIRST HOUSING AID & SUPPORT SERVICES LTD
CONTENTS
Page
Charity Information
1
Trustees' report
2 - 10
Independent auditor's report
11 - 14
Statement of financial activities
15 - 16
Balance sheet
17
Statement of cash flows
18
Notes to the financial statements
19 - 33
FIRST HOUSING AID & SUPPORT SERVICES LTD
LEGAL AND ADMINISTRATIVE INFORMATION
- 1 -
Trustees
Phil Mahon (Chairperson)
Stephen Connolly
Patrick Gray
Deborah Lamberton
Lucy Campfield
Sharon Williams
Gerry Burns
Secretary
Kevin Wright
Charity number
NIC105748
Company number
NI031975
Registered office
23 Bishop Street
Derry~Londonderry
BT48 6PR
Auditor
Moore (NI) LLP
21/23 Clarendon Street
Derry/Londonderry
BT48 7EP
Bankers
AIB Bank
Meadowbank
Strand Road
Derry~Londonderry
BT48 7TN
Solicitors
Clarendon Legal Solicitors
48 Clarendon Street
Derry
BT48 7ET
FIRST HOUSING AID & SUPPORT SERVICES LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -

The Trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: 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)" (effective 1 January 2019).

Objectives and activities

First Housing Aid and Support Services (FHASS) is a voluntary sector non-profit making organisation in operation since 1989 (formerly known as Foyle Homeless Action and Advice Service), which provides professional advice on housing in Northern Ireland and solutions to people who find themselves in housing difficulties.

 

First Housing is committed to providing and developing services that offer a meaningful response to the needs of all homeless people. It is our commitment to ensure that a decent home is within the reach of every family and single person. First Housing continues to play a key role in the much-needed provision of support and accommodation to people in severe housing difficulty throughout Northern Ireland.

 

First Housing believes that everyone has a fundamental right to a home that is safe, secure and affordable. First Housing responds to the needs of homeless people through initiatives focused towards providing quality accommodation and support. These services are based on preventing individuals and families from becoming homeless in the first place, and the provision of accommodation and support to help ensure individuals achieve the skills they need for them to live independently.

Primary Purpose

First Housing was established for the relief of poverty and sickness and the advancement of education, and to establish or promote the establishment within the area of Northern Ireland (‘the area of benefit’) of a specialist advice service providing information and support for homeless/vulnerable people.

 

Our mission is to respond effectively to the social needs of the community through the provision of high quality temporary accommodation, education and specialist services.

 

Our values are:

 

Integrity    - We are ethical, honest and transparent in our decisions and actions.

 

Respect    - We honour all people, acknowledge differences and always uphold dignity.

 

Hope - We are inspired by the possibilities for all people to find their strengths and take control of their life choices.

 

Compassion - We genuinely care for others.

 

Courage - We are willing to face challenges and be creative and imaginative in finding solutions.

 

Excellence - We strive to achieve excellence across all our programmes and services.

Our charitable activities are conducted through four main services. Our Addiction Services provides accommodation, floating support and specialist outreach services. Our Floating Support and Resettlement Service provides support for families, young people and those living independently who may experience difficulties with mental health. Our Accommodation Services supports families and young people whilst in temporary accommodation and Smart Move provides private rented sector accommodation and tenancy support.

FIRST HOUSING AID & SUPPORT SERVICES LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

Primary Objectives for the Year 2023/24

 

Our long-term commitment is to provide quality services that offer value for money and choice to our service users. We will continue to evaluate our services in conjunction with our service users, offering them a voice and choice as to how services can meet their needs. We will also continue to work towards our strategic goals of championing early intervention, tackling rough sleeping, supporting young people, promoting the private rented sector and improving the well-being of vulnerable people.

Public Benefit

The Trustees have considered the Charity legislation which sets out the requirements for charities to demonstrate the aims and activities are for public benefit. The Trustees confirm that they have had regard to the Charity Commission NI guidance on public benefit.

 

The direct benefits flowing from our purposes include reduced levels of homelessness and reduced risk of becoming homeless for people that use our services. First Housing responds to the needs of people that are homeless, or at risk of becoming homeless, through initiatives focused towards providing quality accommodation and support. The benefits to society include an increase in independent living within communities as individuals acquire the skills they need to do so. This is in line with the Strategic Direction of the new Strategy “Ending Homelessness Together 2022-2027".

Main services provided to further the charity’s purposes for public benefit

FIRST HOUSING AID & SUPPORT SERVICES LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -

These services are provided across Northern Ireland by approximately 131 staff members. To measure public benefit, we use a bespoke database system (PSOCC) that allows us to record the individual needs of our service users, the support provided and the outcomes that have been achieved. Our overall ethos is one of prevention and help and support to enable individuals to move successfully into their community of choice and avoid re-occurring homelessness.

Volunteers

As an organisation First Housing have valued the contribution made to our services by very dedicated volunteers which in turn enables us to add value to the work we do.

 

At Ramona House we have a student from Southwest College, Omagh. We also have a volunteer in our Gardening project, she is with us every Thursday for 3-4 hours. We also have visiting student nurses at varying times of the year.

 

We also have a student and volunteers at both Shepherds View and Dillon Court.

FIRST HOUSING AID & SUPPORT SERVICES LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
Achievements and performance

Front-Line Delivery

 

 

Throughout the year First Housing continued to provide high quality supported accommodation with housing related support to homeless people across Northern Ireland. We responded to the needs of 4903 individuals in crisis requiring either accommodation, floating support or advice and guidance. We are continuing to experience difficulties moving through our accommodation services. In the main this is due to complexity of need and the fact there is less available move on accommodation at present. Our service continues to support individuals with very complex needs related to benefit changes, mental ill health, and serious addiction issues. As a result of this we have found it necessary to increase the duration of support to people in crisis.

 

Within our supported accommodation units, we provided accommodation to 487 individuals and families. This allows us to work in partnership with the NIHE (Northern Ireland Housing Executive) to fulfil their statutory duty under The Homeless Persons (NI) Order 1988, as amended 2003.

 

We have eight accommodation projects:

 

We have a variety of Floating Support Services based in Belfast, Derry/Londonderry, Strabane, Omagh, Enniskillen and Limavady. All our Floating Support Services are working over and above their capacity due to a marked increase in referrals. Floating Support Families (including support for those in dispersed accommodation) currently provide support to 321 families at any one time. In the last year, 3,042 families have received support from the service.

 

The Youth Accommodation Support Service has a capacity to support 81 young people at any given time. In the last year, the total number supported was 281.

 

The service for Older People has a capacity of 80 individuals and has dealt with 265 individuals in the past year.

 

The Floating Support Harm Reduction Team has a capacity of 8 individuals and has dealt with 27 individuals in the past year.

 

The B&B Floating Support/Complex Needs team has a capacity of 90 and has dealt with 194 cases in the past year.

FIRST HOUSING AID & SUPPORT SERVICES LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 6 -

The Mental Health Resettlement Service is currently in the process of a reconfiguration in consultation with Supporting People and the Trust to expand services to the community. This proposal will offer a hybrid service of Accommodation with support and resettlement support within the community aimed at prevention of homelessness and sustainability of accommodation. The new model would allow more capacity increasing from 17 at present to 30 service users.

 

Challenges and Trends

 

Partnership Working

 

First Housing continues to work in partnership under the Public Health Agenda with Arc and De Paul, to deliver low threshold services to people in the community to individuals who are impacted by Alcohol and who have acute and complex needs. Our Harm Reduction Service continues to meet people “where they are at” to help them to reduce the harms associated with addiction.

We are also active participants in the following groups specifically focused on homelessness and health

Through these partnerships staff members continue to have input into advocating and influencing policy and practice as well as ensuring quality service delivery.

First Housing Aid & Support services continues to comply with compulsory registration for all relevant staff with the Northern Ireland Social Care Council.

FIRST HOUSING AID & SUPPORT SERVICES LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -

Significant Factors

First Housing Aid & Support Services remains steadfast in its mission to maintain and develop essential services for those in need. Despite reduction in Covid-19 infections, we remain vigilant, ensuring the safety and well-being of our service users and staff.

Undoubtedly, this year we have faced many difficulties. An economic climate marked by inflation and rising energy costs presented significant challenges. Collaboration among statutory agencies has been key in enabling us to provide comprehensive support. We welcome the intent from Department of Communities to progress towards multi-year budgets.

Progress and Collaboration

We have witnessed inspiring examples of progress and collaboration. Partnerships with local organisations have bolstered our efforts, and community support has been instrumental in navigating these trying times.

Staff Development

The complex needs of our service users demand that we remain committed to continuous staff development. This year, we will enhance our training programs to equip our team with the skills necessary to provide exceptional housing-related support.

Conclusion

As we look to the future, we are encouraged by the strength and adaptability demonstrated by our organisation. We are dedicated to exploring all opportunities to respond effectively and remain committed to the betterment of our service users’ lives.

 

Support from our Partners

 

We are indebted to The Housing Executive, the Western Trust, the Public Health Agency, the Oak Foundation, the Department of Health and other voluntary partners in the community for their continued support.

Financial review

The Statement of Financial Activities (SOFA) shows gross income from all sources and the split of activity between restricted and unrestricted funds.

 

Incoming Resources

First Housing enjoys long standing relationships with several key funders, in the main the Northern Ireland Housing Executive Supporting People Programme and the Western Health & Social Care Trust. Our services are funded either by contract agreements, grant aid funding, or service level agreements. Initial funding is awarded after a competitive tender process. Assuming the services successfully operate within agreed parameters, Contract agreements are renewed on a yearly basis with Service Level agreements generally running for three-year cycles.

We are extremely proud of these long-term associations and work tirelessly to attain the quality standards required by these core funding bodies.

 

Additionally, we have received support from the NIHE Project Improvement Fund our Floating Support Enniskillen service. We have also commenced our new project with funding from the Oak Foundation aimed at proving advice and homelessness prevention. This project began in January 2024 and will continue for three years. Funding was also secured from Department of Health to allow employees to enhance their training and complete Level 5 certifications.

 

In March 2024, Supporting People announced a non-recurring payment would be made in the amount of approximately 4.25% of 2023/2024 funding.. WHSCT (Western Health & Social Care Trust) also announced uplifts of 0.8% and 0.49% which was to be backdated to April 2023. Both the non-recurrent payment and uplifts were extremely welcomed and provided much needed reassurance in our services.

 

Total income for the year was £5,562,321 of which approximately 99% was generated from charitable activities including receipt of grant aid funding. The balance of income was generated from donations and legacies received and other income. Total expenditure by the charity was £5,227,823, all of which was expended on direct charitable activities. The balance on unrestricted funds and restricted funds at the period end was £646,995 and £663,291 respectively.

FIRST HOUSING AID & SUPPORT SERVICES LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 8 -

Reserves Policy

The Trustees consider it prudent to hold monies in reserve in the event that unforeseen circumstances should lead to financial difficulties which might put the future of the aims and objectives of the charity in doubt.

 

Free reserves are defined by the Trustees as unrestricted income funds freely available for use as the charity so determines and thereby excludes any funds committed, invested in tangible fixed assets held by the charity and restricted or designated funds.

 

The Trustees have established a formal policy which stipulates that free reserves be maintained at a level based on the costs required to cease the charity's activities in an orderly fashion in the event that a significant drop of funding does not allow the continuation of services. At the reporting date, the Trustees have calculated the level of reserves required in such a scenario to be in the region of £600,000. Free reserves as at 31st March 2024 are £608,537. The Trustees continue to strive to build a general level of reserves in accordance with their policy.

Risk Management

The Trustees, in conjunction with the senior management team, are aware of the major risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised through the procedures for authorisation of all transactions and projects. Procedures are periodically reviewed to ensure that they continue to meet the needs of the group. Procedures are in place to ensure compliance with applicable laws and regulations and are reviewed periodically to ensure that they meet the needs of the charity.

Plans for future periods
FIRST HOUSING AID & SUPPORT SERVICES LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -

Operational Changes

 

Some of the changes introduced during the pandemic increased our overall efficiency and have been retained for that reason alone. These include working from home for some staff, particularly the Floating Support staff, the use of laptops and smartphones rather than desktops and landlines and making better use of video conferences to reduce the amount of time we spend travelling to and from meetings.

 

The challenging environment in which we delivered services during the Pandemic demonstrated the importance of good employee relations, a highly experienced and dedicated staff team and our commitment to training and development. All will be maintained in the future.

 

We actively encourage service user involvement to shape the delivery of our services. The development of user groups in certain projects, in which clients who have benefited from our services continue to meet to provide support for each other, is another welcome new development we plan to continue.

Structure, governance and management

Governing Document

First Housing Aid and Support Services is a company limited by guarantee and does not have a shared capital. A memorandum and Articles of Association govern it and the liability of each member is limited to an amount not exceeding £1.

 

The Trustees have ultimate legal and financial responsibility for the affairs of First Housing, although the management of the organisation has generally been delegated to staff, through the Chief Officer.

 

The Trustees of the company, all of whom have been Trustees for a full year unless otherwise stated, are listed on the first page of this document.

 

The Trustees, who are also the directors for the purpose of company law, and who served during the year were:

 

Phil Mahon (Chairperson)
Stephen Connolly
Patrick Gray
Deborah Lamberton
Lucy Campfield
Sharon Williams
Gerry Burns

Method of Appointment of Trustees

The Board of Trustees manages the process of recruitment and appointment of Trustees, and may admit to membership any person interested in promoting the objects (primary purpose) of the company.

 

Governance Review

The Trustees remain satisfied that First Housing Aid & Support Services is compliant with good governance practices in line with the requirements of the Charity Commission of Northern Ireland.

Organisational Structure

Chief Officer                Mr. Kevin Wright

 

Senior Management Team

Director of Operations            Mrs Eileen Best

Head of Finance                Mrs. Gemma Mc Whirter

Head of HR & Training            Mrs Sinead Mc Fadden

Head of Floating Support & Resettlement    Mrs Lorraine Lambert

FIRST HOUSING AID & SUPPORT SERVICES LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -

The Board of Trustees has overall legal responsibility for the charity. The Senior Management Team provides a 6 weekly report to the Board in writing and every Board is attended by the Chief Officer, the Director of Operations, the Head of Finance and the Head of Human Resources. Each Project/Service has a Manager/ Co-ordinator and a Deputy Manager, where appropriate. There are robust reporting structures in place throughout the organisation.

Statement of Trustees' responsibilities

The Trustees, who are also the directors of First Housing Aid & Support Services Ltd for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the Trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

 

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that Moore (NI) LLP be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustees' report was approved by the Board of Trustees.

Phil Mahon (Chairperson)
Trustee
20 December 2024
FIRST HOUSING AID & SUPPORT SERVICES LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF FIRST HOUSING AID & SUPPORT SERVICES LTD
- 11 -

Opinion

We have audited the financial statements of First Housing Aid & Support Services Ltd (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-

give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

-

the information given in the Trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and

-

the directors' report included within the Trustees' report has been prepared in accordance with applicable legal requirements.

FIRST HOUSING AID & SUPPORT SERVICES LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF FIRST HOUSING AID & SUPPORT SERVICES LTD
- 12 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the Trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

-

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-
certain disclosures of trustees' remuneration specified by law are not made; or
-

we have not received all the information and explanations we require for our audit; or

-

the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a strategic report.

Responsibilities of Trustees

As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

 

Based on our understanding of the charitable company and its operating environment, we determined that the most significant frameworks which have a direct impact on the preparation of the financial statements are those related to the reporting framework, (FRS 102, the Charities Act (Northern Ireland) 2008, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, the Charity SORP and the Companies Act 2006).

FIRST HOUSING AID & SUPPORT SERVICES LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF FIRST HOUSING AID & SUPPORT SERVICES LTD
- 13 -

The charitable company is also subject to other laws and regulations including employment law, regulations in relation to the company's charitable status and activities involving the receipt of funds which use is restricted by terms set out by the donor. Non-compliance in respect of any of these matters may have a material effect on the financial statements. Our required procedures in this area are limited to enquiry of Trustees and other management, and inspection of any regulatory or legal correspondence. These limited procedures did not identify any actual or suspected non-compliance.

 

We assessed the susceptibility of the charitable company's financial statements to material misstatement, including how fraud might occur, including evaluating management's incentives and opportunities to manage earnings or influence the reported results. From the results of our assessment, we determined that the principal risks of fraud relate to posting inappropriate journal entries and use of charity funds for purposes outside of restrictions imposed by the donor. In common with all audits under ISAs (UK), we are required to perform specific procedures to respond to the risk of management override.

Audit response to risks identified

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. Audit procedures performed by the engagement team included:

 

We communicated relevant laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment through collusion, forgery, intentional omissions, misrepresentations or the override of internal control.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

FIRST HOUSING AID & SUPPORT SERVICES LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF FIRST HOUSING AID & SUPPORT SERVICES LTD
- 14 -
John Love (Senior Statutory Auditor)
for and on behalf of Moore (NI) LLP
20 December 2024
Chartered Accountants
Statutory Auditor
21/23 Clarendon Street
Derry/Londonderry
BT48 7EP
FIRST HOUSING AID & SUPPORT SERVICES LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 15 -
Current financial year
Unrestricted
Restricted
Total
Total
funds
funds
2024
2024
2024
2023
Notes
£
£
£
£
Income from:
Donations and legacies
3
48,692
-
48,692
45,159
Charitable activities
4
1,519,555
3,994,074
5,513,629
5,120,156
Total income
1,568,247
3,994,074
5,562,321
5,165,315
Expenditure on:
Charitable activities
5
1,470,469
3,757,354
5,227,823
5,069,656
Net incoming resources before transfers
97,778
236,720
334,498
95,659
Gross transfers between funds
18
91,384
(204,871)
(113,487)
-
Net income for the year/
Net movement in funds
189,162
31,849
221,011
95,659
Fund balances at 1 April 2023
457,833
631,442
1,089,275
993,615
Fund balances at 31 March 2024
646,995
663,291
1,310,286
1,089,274

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
FIRST HOUSING AID & SUPPORT SERVICES LTD
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 16 -
Prior financial year
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
Notes
£
£
£
Income from:
Donations and legacies
3
29,992
15,167
45,159
Charitable activities
4
1,422,534
3,697,622
5,120,156
Total income
1,452,526
3,712,789
5,165,315
Expenditure on:
Charitable activities
5
1,428,173
3,641,483
5,069,656
Net incoming resources before transfers
24,353
71,306
95,659
Gross transfers between funds
222,668
(222,668)
-
Net income for the year/
Net movement in funds
247,021
(151,362)
95,659
Fund balances at 1 April 2022
210,811
782,804
993,615
Fund balances at 31 March 2023
457,832
631,442
1,089,274

The statement of financial activities includes all gains and losses recognised in the year.

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
FIRST HOUSING AID & SUPPORT SERVICES LTD
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 17 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
11
77,390
101,687
Current assets
Debtors
12
205,232
181,261
Cash at bank and in hand
1,307,972
949,262
1,513,204
1,130,523
Creditors: amounts falling due within one year
13
(280,308)
(142,936)
Net current assets
1,232,896
987,587
Total assets less current liabilities
1,310,286
1,089,274
Income funds
Restricted funds
15
663,291
631,442
Unrestricted funds
646,995
457,832
1,310,286
1,089,274

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 20 December 2024
Phil Mahon (Chairperson)
Stephen Connolly
Trustee
Trustee
Company Registration No. NI031975
FIRST HOUSING AID & SUPPORT SERVICES LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
- 18 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
22
386,756
84,620
Investing activities
Purchase of tangible fixed assets
(28,046)
(16,267)
Net cash used in investing activities
(28,046)
(16,267)
Net cash used in financing activities
-
-
Net increase in cash and cash equivalents
358,710
68,353
Cash and cash equivalents at beginning of year
949,262
880,909
Cash and cash equivalents at end of year
1,307,972
949,262
FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 19 -
1
Accounting policies
Charity information

First Housing Aid & Support Services Ltd is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 23 Bishop Street, Derry~Londonderry, BT48 6PR.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: 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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Expenditure on charitable activities includes the costs of services undertaken to further the purposes of the charity and their associated support costs.

 

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. The bases on which support costs have been allocated are set out in note 6.

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 20 -
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Accomodation furniture and equipment
20% straight line p.a.
Office equipment
20% straight line p.a.
Motor vehicles
20% straight line p.a.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 21 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10
Taxation

The company is a charity and is recognised as such by HM Revenue & Customs under the charity tax reference XR19886. As a result, there is no liability to taxation on any of its income.

1.11
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 22 -
3
Donations and legacies
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
2024
2023
2023
2023
£
£
£
£
Donations and gifts
48,692
29,992
15,167
45,159
Donations and gifts
Department of Health - Special Recognition Award
-
-
15,167
15,167
Other
48,692
29,992
-
29,992
48,692
29,992
15,167
45,159
FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 23 -
4
Charitable activities
2024
2023
£
£

Landlord management fee income

90,512
74,869

Hostel service income

56,264
52,908

Grant funding

3,966,542
3,682,122

Rent receivable

1,363,803
1,273,564
Other income
36,508
36,693
5,513,629
5,120,156
Analysis by fund
Unrestricted funds
1,519,555
1,422,534
Restricted funds
3,994,074
3,697,622
5,513,629
5,120,156
Performance related grants
NIHE Supporting People
2,945,373
2,868,362
NIHE Dispersed Outreach Programme
227,443
210,500
WHSCT
484,455
442,760
Oak Foundation
245,806
94,293
Public Health Agency - De Paul
23,275
23,203
DOH Training
8,400
-
NIHE Sustaining Tenancies
31,290
15,659
NIHE Homeless Prevention Funding
-
27,345
Other
500
-
3,966,542
3,682,122
FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 24 -
5
Expenditure on charitable activities
Expenditure
Expenditure
2024
2023
£
£
Direct costs
Staff costs
3,506,012
3,450,333
Depreciation and impairment
52,343
52,093

Accommodation rent and rates

664,253
613,525

Accommodation heat, light and power

119,420
126,788

Travelling and subsistence

53,063
51,559

Premises security

57,575
49,490

Maintenance costs

62,369
41,414

Food budget

23,025
21,233

Accommodation purchases

8,852
10,907

Programme costs

374
14,923

IT support

9,062
8,297

Printing, postage and stationery

5,837
2,403

Staff training

20,987
3,249

Telephone

11,258
26,923

Advertising and recruitment

3,889
3,718

Other costs

50,423
39,701
4,648,742
4,516,556
Share of support and governance costs (see note 6)
Support
545,225
526,185
Governance
33,856
26,915
5,227,823
5,069,656
Analysis by fund
Unrestricted funds
1,470,469
1,428,173
Restricted funds
3,757,354
3,641,483
5,227,823
5,069,656
FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 25 -
6
Support costs
Support costs
Governance costs
2024
Support costs
Governance costs
2023
£
£
£
£
£
£
Staff costs
413,308
-
413,308
396,675
-
396,675

Other support staff costs

6,061
-
6,061
8,915
-
8,915

Central premises costs

75,618
-
75,618
75,662
-
75,662

Central office costs

2,355
-
2,355
8,502
-
8,502

IT support

37,938
-
37,938
28,322
-
28,322

Bank charges

3,183
-
3,183
2,996
-
2,996

Other costs

6,762
-
6,762
5,113
-
5,113
Audit fees
-
7,800
7,800
-
7,800
7,800
Legal and professional
-
26,056
26,056
-
19,115
19,115
545,225
33,856
579,081
526,185
26,915
553,100
Analysed between
Charitable activities
545,225
33,856
579,081
526,185
26,915
553,100
7
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
7,800
7,800
Depreciation of owned tangible fixed assets
52,343
52,093
8
Trustees

None of the Trustees (or any persons connected with them) received any remuneration, reimbursement of expenses or any other benefits from the charity during the year.

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 26 -
9
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
131
176
Employment costs
2024
2023
£
£
Wages and salaries
3,541,050
3,465,245
Social security costs
315,234
318,508
Other pension costs
63,036
63,255
3,919,320
3,847,008
The number of employees whose annual remuneration was £60,000 or more were:
2024
2023
Number
Number
£60,001 to £70,000
1
1
10
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 27 -
11
Tangible fixed assets
Accomodation furniture and equipment
Office equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2023
1,246,271
439,224
15,850
1,701,345
Additions
25,553
2,493
-
28,046
At 31 March 2024
1,271,824
441,717
15,850
1,729,391
Depreciation and impairment
At 1 April 2023
1,216,809
366,999
15,850
1,599,658
Depreciation charged in the year
16,105
36,238
-
52,343
At 31 March 2024
1,232,914
403,237
15,850
1,652,001
Carrying amount
At 31 March 2024
38,910
38,480
-
77,390
At 31 March 2023
29,462
72,225
-
101,687
12
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
167,666
145,168
Other debtors
317
317
Prepayments
37,249
35,776
205,232
181,261
13
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
132,024
62,458
Trade creditors
90,135
52,474
Other creditors
30,434
-
Accruals
27,715
28,004
280,308
142,936
14
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
63,036
63,255
FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14
Retirement benefit schemes
(Continued)
- 28 -

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 29 -
15
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds
Movement in funds
Balance at
1 April 2022
Incoming resources
Resources expended
Transfers
Balance at
1 April 2023
Incoming resources
Resources expended
Transfers
Balance at
31 March 2024
£
£
£
£
£
£
£
£
£
NIHE Supporting People
451,445
2,868,362
(2,839,417)
(110,985)
369,405
2,945,373
(2,944,745)
(113,487)
256,546
NIHE Supporting People - non recurrent
97
-
-
-
(97)
-
-
-
(97)
WHSCT
40,782
470,791
(399,743)
(111,683)
147
512,487
(407,142)
(91,384)
14,108
WHSCT COVID 19 YP/YP Diversionary
74,110
-
-
-
74,110
-
-
-
74,110
Oak Foundation
90,317
94,294
(123,775)
-
60,836
245,806
(142,207)
-
164,435
NIHE New Service 55 One Off
128
-
-
-
(128)
-
-
-
(128)
DHSSPS
1,769
-
-
-
1,769
-
-
-
1,769
DOH Training
-
-
-
-
-
8,400
(8,400)
-
-
Public Health Agency - De Paul
21,185
23,702
(20,084)
-
24,803
23,275
(22,087)
-
25,991
NIHE Dispersed Outreach Programme
54,114
210,500
(217,808)
-
46,806
227,443
(214,420)
-
59,829
NIHE Tipping Point
1,812
14,319
(14,347)
-
1,784
-
-
-
1,784
NIHE Sustaining Tenancies
-
15,655
(11,518)
-
4,137
31,290
(18,353)
-
17,074
NIHE - non recurrent Dillon Court funding
63,120
-
-
-
63,120
-
-
-
63,120
NIHE - New Service 55+
(15,625)
-
-
-
(15,625)
-
-
-
(15,625)
Other
-
15,166
(14,791)
-
375
-
-
-
375
782,804
3,712,789
(3,641,483)
(222,668)
631,442
3,994,074
(3,757,354)
(204,871)
663,291
FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15
Restricted funds
(Continued)
- 30 -

Nature of restricted funds

 

NIHE Supporting People

NIHE funding under the Supporting People programme for provision of services supporting the charity's aim of the eradication of homelessness.

 

WHSCT

Funding of Jointly Commissioned Services with Accommodation Services.

 

WHSCT capital grants

Funding for refurbishment work at Jefferson Court and Francis St, Young Persons projects accommodation.

 

WHSCT COVID 19 YP

Emergency funding from WHSCT for Jefferson Court and Francis St provided to alleviate staffing pressures arising from Covid -19.

 

Oak Foundation

3 year grant award for the project Self-sustaining Smartmove, the primary aim of which is to recruit and maintain enough fee-paying landlords to move towards making SmartMove financially self-sustaining whilst providing good quality housing for tenants.

 

DHSSPS

Training support funding for the Voluntary Sector.

 

DOH Training

Funding from the Department of Health to allow employees to enhance their training and complete Level 5 certifications.

 

Public Health Agency - De Paul

Funding for the provision of one Harm Reduction Worker (26 hrs per week).

 

 

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15
Restricted funds
(Continued)
- 31 -

NIHE HPF Funding

Homeless Prevention Funding 19/20 funded three projects in the year - Tipping Point, Connect 2019 and Startright.

 

NIHE PIF Funding

Funding received to help complete Wi-Fi installation and improved CCTV in some of the accommodation projects.

 

Pathways Fund Early Years

DE Funding from The Early Years organisation under The Pathway Fund for the provison of creche services at Shepherds View Young Parents project.

 

NIHE - Non recurrent (Dillon Court)

Capital and Change management funidng to help process a smooth takeover of Dillon Court and TUPE of existing staff

 

NIHE - New service 55+

Funding for a new Floating Support Service for Derry, Limavady and Strabane working with clients who are 55+.

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 32 -
16
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
General funds
457,833
1,568,247
(1,470,469)
91,384
646,995
Previous year:
At 1 April 2022
Incoming resources
Resources expended
Transfers
At 31 March 2023
£
£
£
£
£
General funds
210,811
1,452,526
(1,428,173)
222,668
457,832
17
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
38,657
38,733
77,390
Current assets/(liabilities)
608,338
624,558
1,232,896
646,995
663,291
1,310,286
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 March 2023:
Tangible assets
47,391
54,296
101,687
Current assets/(liabilities)
410,441
577,146
987,587
457,832
631,442
1,089,274
18
Transfers between funds

During the year there have been net transfers between funds in the amount of £91,384 from restricted funds to unrestricted funds made up as follows:

 

FIRST HOUSING AID & SUPPORT SERVICES LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 33 -
19
Financial commitments, guarantees and contingent liabilities

Certain grants received and receivable may become repayable to the funder if the charity is no longer able to meet the conditions under which they were awarded. Due to the nature of these contingencies it may not be possible to quantify the potential financial effect or give an indication of the timing as to the liabilities that may arise.

20
Funds received as agent

First Housing Aid and Support Services (FHASS) acts as an agent on behalf of tenants living in accommodation applying for emergency loans, assisting with the application process and facilitating the receipt of funds from the grant awarding body and subsequent issue to the applicant. First Housing continues to value the strong relationships fostered with all grant awarding bodies and is grateful for the support afforded to their clients in respect of these emergency grants.

 

During the year, the charity received incoming resources amounting to £10,418 from St. Martin in the Fields, £1,945 from the Glasspool Charity and £755 from Family Action. All amounts were paid out to tenants during the year.

 

These amounts have not been reflected in the financial statements for the year in accordance with the treatment recommended by the Statement of Recommended Practice “Accounting and Reporting by Charities”.

21
Related party transactions

Other related party transactions

There were no other related party transactions during the year.

22
Cash generated from operations
2024
2023
£
£
Surplus for the year
221,012
95,659
Adjustments for:
Depreciation and impairment of tangible fixed assets
52,343
52,093
Movements in working capital:
(Increase) in debtors
(23,971)
(6,204)
Increase/(decrease) in creditors
137,372
(56,928)
Cash generated from operations
386,756
84,620
23
Analysis of changes in net funds

The charity had no material debt during the year.

2024-03-312023-04-01falseCCH SoftwareiXBRL Review & Tag 2022.2NI0319752023-04-012024-03-31NI031975bus:Director12023-04-012024-03-31NI031975bus:Director22023-04-012024-03-31NI031975bus:Director32023-04-012024-03-31NI031975bus:Director42023-04-012024-03-31NI031975bus:Director52023-04-012024-03-31NI031975bus:Director62023-04-012024-03-31NI031975bus:Director72023-04-012024-03-31NI031975bus:CompanySecretary12023-04-012024-03-31NI0319752024-03-31NI0319752023-03-31NI0319752022-04-012023-03-31NI031975bus:FRS1022023-04-012024-03-31NI031975bus:Audited2023-04-012024-03-31NI031975bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP