North Belfast Housing Association Limited
Latest income
£9.6m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the balance sheet remains in a healthy position with total funds increasing to £32.5 million. The charity reports a surplus for the year of £2.8 million and maintains adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
Highest-paid employee band: £90,001 - £100,000
“Emoluments payable to the highest paid director (excluding pension contributions) 92,960”
Per FY2025 accounts as filed with CCNI.
Reserves policy: nine months budgeted future expenditure (held: £32.5m)
“The Association's policy is to retain a level of revenue reserves which reflects its needs at the current time and in the foreseeable future. The reserves required are sufficient to meet committed running costs for a period equivalent to nine months budgeted future expenditure.” — page 50
Per FY2025 accounts as filed with CCNI.
Largest income source: none
“Turnover represents rental and service charge income and residential charges for housing with care, net of voids. It also includes amortisation of grants received from the Northern Ireland Housing Executive.” — page 52
Per FY2025 accounts as filed with CCNI.
Independent examiner: RBCA Limited
Per FY2025 accounts as filed with CCNI.