Charity registration number NIC104707 (Northern Ireland)
Company registration number NI053306
HERENI
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
HERENI
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
H Coburn
E McCarney
L Boden
G Starrs
S Haveron
D M Mackle
B Moore
C McKeown
A J Quinn
(Appointed 3 September 2024)
E McCool
(Appointed 3 September 2024)
Secretary
G Starrs
Charity number
NIC104707
Company number
NI053306
Principal address
Belfast LGBTQIA+ Centre
1st Floor, (Cathedral Quarter Head Quarters)
23-31 Waring Street
Belfast
BT1 2DX
Registered office
Belfast LGBTQIA+ Centre
1st Floor, (Cathedral Quarter Head Quarters)
23-31 Waring Street
Belfast
BT1 2DX
Independent examiner
GMcG LISBURN
Century House
40 Crescent Business Park
Lisburn
BT28 2GN
Bankers
Co-Operative Bank
Delf House
Southway
Skelmersdale
WN8 6WT
HERENI
CONTENTS
Page
Trustees' report
1 - 4
Independent examiner's report
5 - 6
Statement of financial activities
7
Statement of financial position
8
Notes to the financial statements
9 - 19
HERENI
TRUSTEES' REPORT  
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 December 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 Memorandum and Articles of Association, 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

HERe NI is an organisation that works to improve the quality of life and enhance the voices of lesbian and bisexual women and their families. HERe NI is committed to identifying and addressing discrimination and oppression, and to the promotion of social inclusion. The charity’s objects are to advance education and to promote the benefit of lesbian and bisexual women and their families across Northern Ireland.

All our work is informed and guided by our core values of equality, empowerment of lesbian and bisexual women and their families, interdependence, full and meaningful participation, social inclusion and transparency. We believe that a community development approach to social inclusion produces sustainable positive change. We recognise and value the multiple identities and varying needs of lesbian and bisexual women and are committed to building an organisation that is genuinely inclusive. HERe NI is managed by a voluntary Board of Directors whose details can be found on our website www.hereni.org

Vision Statement: 
Our vision is that all lesbian and bisexual women are visible, included and valued in all aspects of society.

 

Mission Statement:
HERe NI empowers, supports and advocates for all lesbian and bisexual women, and their families.

 

Values and Principles: 
All our work is founded upon the following values and principles:

    - Equality and Inclusion 


    - Respect and Non-Judgemental 


    - Professional and Knowledgeable 


    - Person-Centred and Empowering 


    - Reactive and Proactive 


Strategic Aim 1: To ensure that HERe NI can meet current and future needs of lesbian and bisexual women.

 

Strategic Aim 2: To facilitate and deliver activities and services to meet the needs of lesbian and bisexual women.

 

Strategic Aim 3: To tackle the issue of ‘invisibility’ of lesbian and bisexual women and improve the wider understanding of their needs.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

HERENI
TRUSTEES' REPORT  (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
Achievements and performance

In 2024, HERe NI marked a significant year of progress, partnership, and innovation as we continued to support lesbian and bisexual women and their families across Northern Ireland. Our work remained rooted in community, equality, and advocacy—responding to both long-standing needs and new challenges faced by the women we engage with.

 

2024 was a busy year for politics, building relationships and lobbying. HERe NI have participated in All Party Groups in the following areas: UN SCR 1324, Women, Peace and Security and Women's Health and Loneliness. Key meetings were held during 2024 with UN Special Rapporteur on Violence Against Women and Girls, Permanent Secretary at The Northern Ireland Office, US Special Envoy to Advance the Human Rights of LGBTQIA+ People, The Commissioner for Older People and The Justice Minister. We also appeared before the Committee on the Implementation of the Good Friday Agreement to give evidence on women and constitutional change and gave evidence to the Committee for Education on RSE.

 

2024 saw an increase in cross border events such as engagements with the Oireachtas, engagements around constitutional change and a residential with older women.

 

The development of key strategic relationships in 2024 was significant. Developing and maintaining key strategic relationships is crucial to Here NI’s long-term sustainability and impact.

 

These partnerships:

•    Enhance our capacity to deliver high-quality, targeted services.

•    Strengthen our influence across policy, funding, and public engagement.

•    Allow for collaborative working, increasing efficiency and reach.

•    Position Here NI as a trusted voice within the LGBTQIA+ and wider voluntary and community sectors.

 

Looking ahead, the continued development of strategic alliances will be vital in responding to sectoral challenges, diversifying income streams, and amplifying community voices.

 

Some of our highlights:

 

1.    HERe NI celebrated 20 years of service in 2024. A 20th celebration event was held to mark the progress of the organisation.

2.    HERe NI Director was presented with a Tolerantia award in Berlin.

3.    HERe NI raised £1097.50 for Rainbow Refugees.

4.    Distributed 142 supermarket vouchers (£14,200) to those women experiencing financial difficulties.

5.    Became an accredited training organisation with OCN and CPD.

6.    The Lord Mayor Cllr Ryan Carlin launched the LGBTQIA+ Heritage project in Belfast City Hall.

7.    Launched the violence and homelessness bursary.

8.    Attended ILGA meeting on ending conversion practices in Brussels.

9.    Hosted by The Lord Mayor Cllr Ryan Carlin in his parlour.

10.    Secured funding for domestic violence and abuse research.

11.    Launched “A study of Conversion Practices in Northern Ireland” with sector partners, Queens University and University of Ulster.

 

We would like to thank our funders; The National Lottery Community Fund, Esmee Mitchell Trust, Halifax Foundation, Joseph Rowntree Charitable Trust, National Lottery Heritage Fund, Centre for Ageing Better, Community Foundation NI, Belfast City Council, Department of Justice, Tudor Trust, PHA, Ireland Funds GB, Lush UK Charity Pot and Community Development Health Network for their continued financial support, without such, much of the successes enjoyed by lesbian and bisexual women and their families who are associated with Here NI could not have been achieved.

 

We would also like to thank GMcG Chartered Accountants for their continued professional support and advice.

HERENI
TRUSTEES' REPORT  (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
Financial review

The results are set out in detail on pages 7 to 19. The charity returned net incoming resources for the year of £23,206 (net outgoing resources 2023 - £9,590) leaving unrestricted funds of £118,823 (2023 - £120,179) and restricted funds of £75,895 (2023 - £51,333). The unrestricted funds are considered to be essential to provide sufficient funds to cover any unforeseen costs which may arise and fulfill legal obligations of the charity in the event that current levels of income are not maintained.

It is the policy of the Board to aim to maintain free reserves in unrestricted funds at a level equivalent to or greater than 3 months annual operating expenditure.  In the event of an unforeseeable loss of income, reserves at this level will provide sufficient funds to respond to grant applications and ensure that support and governance costs are covered in the short-term.

 

Unrestricted funds are needed:

a) to provide funds which can be designated to specific projects to enable these projects to be undertaken at short notice and

b) to cover administration, fund-raising and support costs without which the charity could not function

 

The Here NI Board of Directors considers it prudent that unrestricted reserves should be sufficient to:

• avoid the necessity of realising fixed assets held for the charity’s use;

• cover three months of direct and indirect expenses.

 

Unrestricted funds currently meet this requirement.

The Board of Directors will monitor and review the policy on an annual basis when the annual accounts are being presented for approval.

The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for the future

 

Future Priorities:

 

 

 

 

 

 

 

 

HERENI
TRUSTEES' REPORT  (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
Structure, governance and management

The charity is a Company Limited by Guarantee. The Company was established under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association. The charity is governed by its Board of Directors who meet every two months.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

G McParland
(Resigned 14 May 2024)
S Bridge
(Resigned 1 November 2024)
M M Hanna
(Resigned 7 April 2025)
H Coburn
E McCarney
L Boden
G Starrs
S Haveron
D M Mackle
B Moore
C McKeown
A J Quinn
(Appointed 3 September 2024)
E McCool
(Appointed 3 September 2024)

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

All directors are required to participate in training relating to good governance and directors are regularly updated on legislation that impacts upon the running of a charitable organisation e.g. recent changes in legislation introduced by the Charities Commission.

 

Here NI is managed by a voluntary board of directors who are responsible for the management of the charity. The board of directors meet up to six times a year to oversee the management of the charity. The board of directors conduct regular reviews of the charity's strategic plan, with policies and procedures reviewed and updated on an ongoing basis. 

 

Key management personnel

The Board of Directors comprise the key management personnel of the charity in charge of directing and controlling, running and operating the organisation on a day to day basis.  All directors give of their time freely and no director received remuneration in the year. 

This report has been prepared in accordance with the provision applicable to companies entitled to the small companies exemption.

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

C McKeown
Treasurer
Dated: 21 August 2025
HERENI
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF HERENI
- 5 -

We report to the charity trustees on our examination of the financial statements of the charity for the year ended 31 December 2024, which are set out on pages 7 to 19.

Respective responsibilities of trustees and examiner

As the charity trustees (and also directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.

Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is our responsibility to:

(i)

examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;

(ii)

to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and

(iii)

to state whether particular matters have come to our attention.

Basis of independent examiner's report

We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

 

Our role is to state whether any material matters have come to our attention giving us cause to believe:

 

1.     That accounting records were not kept in accordance with section 386 of the Companies Act 2006

2.     That the accounts do not accord with those accounting records

 

3.     That the accounts do not comply with the accounting requirements of section 396 of the     Companies Act 2006 and with the methods and principles of the 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

4.     That there is further information needed for a proper understanding of the accounts to be reached.

HERENI
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF HERENI
- 6 -
Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified to undertake the examination because we are a member of Chartered Accountants Ireland, which is one of the listed bodies.

We have completed our examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters that require drawing to your attention.

GMcG LISBURN
Century House
40 Crescent Business Park
Lisburn
BT28 2GN
Dated: 21 August 2025
HERENI
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
4,367
345,964
350,331
18,093
256,702
274,795
Charitable activities
3
19,219
-
19,219
10,191
-
10,191
Total income
23,586
345,964
369,550
28,284
256,702
284,986
Expenditure on:
Charitable activities
4
20,304
326,040
346,344
25,067
269,509
294,576
Total expenditure
20,304
326,040
346,344
25,067
269,509
294,576
Net income/(expenditure)
3,282
19,924
23,206
3,217
(12,807)
(9,590)
Transfers between funds
9
(4,638)
4,638
-
678
(678)
-
Net movement in funds
5
(1,356)
24,562
23,206
3,895
(13,485)
(9,590)
Reconciliation of funds:
Fund balances at 1 January 2024
120,179
51,333
171,512
116,284
64,818
181,102
Fund balances at 31 December 2024
118,823
75,895
194,718
120,179
51,333
171,512

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

HERENI
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2024
31 December 2024
- 8 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
10
3,999
3,397
Current assets
Debtors
11
27,391
19,789
Cash at bank and in hand
173,885
156,897
201,276
176,686
Creditors: amounts falling due within one year
12
(10,557)
(8,571)
Net current assets
190,719
168,115
Total assets less current liabilities
194,718
171,512
Income funds
Restricted funds
14
75,895
51,333
Unrestricted funds
Designated funds
15
34,297
2,590
General unrestricted funds
84,526
117,589
118,823
120,179
194,718
171,512

For the year ended 31 December 2024 the company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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
21 August 2025
21 August 2025
and signed on their behalf by:
C McKeown
Trustee
Company Registration No. NI053306
HERENI
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
1
Accounting policies
Charity information

HERENI, (HEReNI), is a private company limited by guarantee incorporated in Northern Ireland. The registered office and place of business is Belfast LGBTQIA+ Centre, 1st Floor, (Cathedral Quarter Head Quarters), 23-31 Waring Street, Belfast, BT1 2DX.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, 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)". The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

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.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5
Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under one of the following headings: Costs of raising funds, Expenditure on charitable activities and Other expenditure.

 

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

HERENI
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies (Continued)
- 10 -
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:

Fixtures and fittings
33% Straight line

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
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
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.

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.

HERENI
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies (Continued)
- 11 -
1.9
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.

1.10
Retirement benefits

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

HERENI
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 12 -
2

Donations and Training Income

Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Donations and trading income
4,367
-
4,367
11,961
-
11,961

Grants receivable for core activities

-
345,964
345,964
6,132
256,702
262,834
4,367
345,964
350,331
18,093
256,702
274,795
Grants receivable for core activities
The National Lottery Community Fund
-
104,055
104,055
-
98,480
98,480
LGBT Consortium
-
-
-
-
800
800
Halifax Foundation
-
5,000
5,000
-
5,000
5,000
Joseph Rowntree Charitable Trust
-
38,808
38,808
6,132
35,280
41,412
The National Lottery Heritage Fund
-
84,372
84,372
-
42,585
42,585
Belfast City Council
-
30,508
30,508
-
10,089
10,089
Community Foundation NI
-
2,829
2,829
-
22,785
22,785
Training for Women Network
-
-
-
-
9,683
9,683
Tudor Trust
-
35,200
35,200
-
32,000
32,000
National Lottery Awards for All
-
20,000
20,000
-
-
-
Centre for Aging Better
-
500
500
-
-
-
Department of Justice
-
10,000
10,000
-
-
-
Esme Mitchell Trust
-
2,000
2,000
-
-
-
Elevate Mentoring Programme
-
3,825
3,825
-
-
-
The Ireland Funds GB Community Impact Fund
-
2,000
2,000
-
-
-
Lush UK Charity Pot
-
3,000
3,000
-
-
-
Public Health Agency
-
3,867
3,867
-
-
-
-
345,964
345,964
6,132
256,702
262,834
HERENI
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 13 -
3
Income from charitable activities
2024
2023
£
£

Other generated income

19,219
10,191
Analysis by fund
Unrestricted funds
19,219
10,191
4
Expenditure on charitable activities
2024
2023
£
£
Direct costs
Staff costs
265,461
225,284
Depreciation and impairment
3,498
2,707
Sundry expenses
165
622

Activities

10,936
15,787

Consultancy

7,424
12,937

Rent

18,142
16,542

Printing, postage & stationery

1,534
463

Telephone

2,401
1,995

Insurance

2,988
2,497

Marketing

3,867
3,275

Heat & light

3,776
3,256

Training

4,059
35
Restricted sundry expenses
1,340
487

Accountancy

1,860
1,830

Repairs & maintenance

573
400
Computer costs
2,667
65
Professional fees and subscriptions
1,453
714
Food vouchers
14,200
5,680
346,344
294,576
Analysis by fund
Unrestricted funds
20,304
25,067
Restricted funds
326,040
269,509
346,344
294,576

The charity's only charitable activity is improving the conditions of life for lesbian and bisexual women and their families.

HERENI
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 14 -
5
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
3,498
2,707
6
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
7
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
9
8
Employment costs
2024
2023
£
£
Wages and salaries
235,234
201,543
Social security costs
16,158
12,810
Other pension costs
14,069
10,931
265,461
225,284
There were no employees whose annual remuneration was more than £60,000.
8
Taxation

The company is exempt from corporation tax on its charitable activities.

9
Transfers

Transfers from the restricted fund to the unrestricted fund in the year were as follows;

 

Tudor Trust

- £571 was ring-fenced for a provision for redundancy costs, as agreed with funder. This was designated at 31 December 2024.

 

Belfast City Council

- £331 was ring-fenced for a provision for redundancy costs, as agreed with funder. This was designated at 31 December 2024.

 

Transfers from the unrestricted fund to the restricted fund in the year were as follows;

 

The National Lottery Heritage Fund

- £5,540 was transferred balance fund in the year.

HERENI
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
10
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 January 2024
14,026
Additions
4,099
At 31 December 2024
18,125
Depreciation and impairment
At 1 January 2024
10,628
Depreciation charged in the year
3,498
At 31 December 2024
14,126
Carrying amount
At 31 December 2024
3,999
At 31 December 2023
3,397
11
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
27,391
19,789
12
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
2,029
3,746
Accruals and deferred income
8,528
4,825
10,557
8,571
13
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
14,069
10,931
HERENI
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
14
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 January 2023
Incoming resources
Resources expended
Transfers
Balance at
1 January 2024
Incoming resources
Resources expended
Transfers
Balance at
31 December 2024
£
£
£
£
£
£
£
£
£
The National Lottery Community Fund
20,766
98,480
(97,960)
-
21,286
104,055
(92,785)
-
32,556
Esme Mitchell Trust
-
-
-
-
-
2,000
(2,000)
-
-
National Lottery Awards for All
-
-
-
-
-
20,000
(15,419)
-
4,581
Halifax Foundation
-
5,000
(6,912)
1,912
-
5,000
(883)
-
4,117
Joseph Rowntree Charitable Trust
1,183
35,280
(32,823)
(988)
2,652
38,808
(31,483)
-
9,977
The National Lottery Heritage Fund
15,877
42,585
(56,732)
-
1,730
84,372
(91,642)
5,540
-
Centre for Aging Better
-
-
-
-
-
500
(500)
-
-
Community Foundation NI
4,927
22,785
(18,617)
-
9,095
2,829
(10,769)
-
1,155
Belfast City Council
-
10,089
(5,755)
-
4,334
30,508
(26,943)
(331)
7,568
Department of Justice
-
-
-
-
-
10,000
(9,146)
-
854
Tudor Trust
11,475
32,000
(30,927)
(1,602)
10,946
35,200
(36,191)
(571)
9,384
Cooperation Ireland
590
-
(590)
-
-
-
-
-
-
Elevate Mentoring Programme
-
-
-
-
-
3,825
(1,102)
-
2,723
LGBT Consortium
10,000
800
(9,998)
-
802
-
(416)
-
386
Training for Women Network
-
9,683
(9,195)
-
488
-
(238)
-
250
The Ireland Funds GB Community Impact Fund
-
-
-
-
-
2,000
(2,000)
-
-
Lush UK Charity Pot
-
-
-
-
-
3,000
(3,000)
-
-
Public Health Agency
-
-
-
-
-
3,867
(1,523)
-
2,344
64,818
256,702
(269,509)
(678)
51,333
345,964
(326,040)
4,638
75,895
HERENI
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14
Restricted funds (Continued)
- 17 -

The National Lottery Community Fund provide for the funding of salaries, running costs of the charity and the costs involved with the provision of the empowering young people project.

 

Esmee Mitchell Trust provides funding for the salaries and core costs of the charity.

 

Halifax Foundation provides funding for an Engagement and Communications Officer.

 

Joseph Rowntree Charitable Trust provides funding for a Senior Policy Development Officer.

 

The National Lottery Heritage Fund provides funding for the LGBTQIA+ Heritage project, running costs and salaries.

 

Centre for Aging Better provides funding to help mark the Age Without Limits Action Day.

 

Community Foundation NI provides funding for a Violence Against Women & Girls Bursary, Early Years and Older Women's Projects.

 

Belfast City Council provides funding for a Supermarket Voucher Scheme and Early Years Project..

 

Department of Justice provides funding to facilitate a fixed term research study project.

 

Tudor Trust provides funding towards the Director's salary and core costs.

 

Cooperation Ireland provides funding for a Covid recovery programme for the charity.

 

Elevate Mentoring Programme provides funding to support the following programmes run by the charity - LGBTQIA+ women age 30+ and ages 18-25.

 

LGBT Consortium provides funding for the Older Women's Project.

 

Training for Women Network provides funding for the Building Resilience Project.

 

The Ireland Funds GB Community Impact Fund provides funding for the support of older LGBTQIA+ women.

 

Lush UK Charity Pot provides funding to support the charity's ongoing charitable activities.

 

Public Health Agency provides funding for the Invisible Women project.

HERENI
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 18 -
15
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 January 2024
Incoming resources
Resources expended
Transfers
At 31 December 2024
£
£
£
£
£
Redundancy costs
2,590
-
-
23,805
26,395
Mark Ashton Fund
-
-
-
7,902
7,902
General funds
117,589
23,586
(20,304)
(36,345)
84,526
120,179
23,586
(20,304)
(4,638)
118,823
Previous year:
At 1 January 2023
Incoming resources
Resources expended
Transfers
At 31 December 2023
£
£
£
£
£
Redundancy costs
-
-
-
2,590
2,590
General funds
116,284
28,284
(25,067)
(1,912)
117,589
116,284
28,284
(25,067)
678
120,179

Designated funds includes money designated by the Board for redundancy costs based on employees who are grant funded and then once the funding ceases the redundancy provision is moved into unrestricted funds.

 

During the year, funds were ring-fenced for redundancy costs from the following funders:

 

Tudor Trust

- £571 was ring-fenced for a provision for redundancy costs, as agreed with funder.

 

Belfast City Council

- £331 was ring-fenced for a provision for redundancy costs, as agreed with funder.

16
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 December 2024:
Tangible assets
150
3,849
3,999
Current assets/(liabilities)
118,673
72,046
190,719
118,823
75,895
194,718
HERENI
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
16
Analysis of net assets between funds (Continued)
- 19 -
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 December 2023:
Tangible assets
-
3,397
3,397
Current assets/(liabilities)
120,179
47,936
168,115
120,179
51,333
171,512
17
Operating lease commitments
Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024
2023
£
£
Within one year
-
9,075
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