Belle Vale C.ommiinity C.enlre Limiled {n company limited by guarantee) Unaiidited Financial Statements 31 March 2025 Registered Charity Number: 1073941 Company Niimber . 0323£982 HAILWOOD & CO CHARTERED ACCOUNTANTS
Belle ITAle Commiinity Centre Limited {a compaJ)y limited by guarantee) UnAudited FinAnciAI StAtements (or the year ended 31 March 2024 CONTENTS Page Organisalion information Trustees, report 2103 Statemenl of trustees, responsibililies Independent examiner's report Summary income and expenditure account Statemenl of financial activities Balance sheet Notes to ihe financial statements 9t0 15
Belle Vale c.ommunity Cenlre Limited (a eompAnv limited bv guarAnteel lJnaiidited Financial Statements for the year ended 31 March 2025 RegFlStered Charity Number '. 1073941 Company Number .' 0.1235982 Incorporated in England & Wales TRUSTEESIDIRECTORS Ms C Friend Mr R J Condon REGISTERED OFFICE Lee Valley Millennium Centre Childwall Valley Road Belle Vale Liverpool, Merseyside L25 2PR ACC.OIINTANTS Hailwood & Co Chartered Accountants 392-3Q4 Hoylake Road Morelon Wirral CH46 6DF
Belle Vale Community Centre Limited la company limited hy 2uArantee) Report of the Trustees For the year ended 31 March 2025 The trustees ii'ho are also directors of the cliarit! for the purposes of ihe Compaiiies Act 2006: present their report '1th the finwicial slatements for the N"ear elided 31 March 202). The finwi¢ial statements hic I'c bccn prcparcd in accordancc il'ith thc ciccounting policics scl oiit in thc notcs to thc c1¢counts and coiiipl!, i%'iih th¢ charil¥' s gJoi'¢rningJ do¢wiienl, the Charili¢s Act 201 l and A¢¢ounlingJ and R¥porting bi. Cluritics.. Statcmcnt of Recomincndcd Practice. Thc clL4rit! constitLltcs a public bciicfit cntit}' as defined b!. FRS102. Adii)iiiisiraiii'e ii)formation is disclosed on pag?c l. STRUCTURE GOVERNANCE AtYD MAIYAGEMEfiT Governing document ThL chi?ritN' is controllLd bi. its g?ovLtiiiiigT docLlllILlit. a dLL,d of trust, and constiliiies a limiied coii)pany, limilLd b!, gruarlE. <lb dLfinLII b). IhL cuMp]I5 ALI 20U6. Recruitment And Appointment of new trustees ProspLrlii'L i)Li%' (fusiLLS will bL rLqLILslcd io submit LNprcssion of inlcrLst at t]Ic AnnLl&il GLIiLral Mccling. ThL siiil&ibiliti' of thL prospLctiN'c triistccs ivill bL considLrL'd at thc nLil board mth'ting folloi¥"ingY t]i¥ Annual GLllLral MLL'lii)g basLd on th¥ rilLvwil skill SLt. Induction trAining of new trustees Ir SUCLLssful. tliL nLii TruslLLS arL indLlCtcd foniiallTr' and issuLd witii copiLs of thL ArticlLs of Association and Mcmoraiidum. Risk management ThL IriisiLcs haN'c a dut). to idLI)tifi' and rc'vicii" thc risks lo i%'hicli thc charii!. is cxposcd and io Liisurc appropriatL controls arl iii placL lo providL rLasOtblL assuraJlCL against fraud and Lrror. OBJECTIVES AND ACTIVITIES Objectives and aims ThL obj¥¢tii"L of Ili¢ Charit!. is to promotl tlii IK'iiLfi1 of thL ii)h6ibiliinls of thi Ial <1lid ii.id¥r coiiiiiiiinit!. I'lli¥ ar of k.iiLfi1') i%'iihoul distinction of sL.x. s¥xual orilnlalioii, ra¢¥ or of political: r¢ligioiis or oih¥r opinions b!. asso¢ialing logctlicr th¢ said inhabilanls aiid th¢ local aiiilioritios. oILint.irn' aiid oih¢r orgFinisations in a common cffort to advaiico Ldlication. r¢.lici'L povcrti. and sicknLS5 and to proi'idu fucilitiLS in thu intLfLsls of social I¥Llfarb for recrL'atioii and oth¥r l¥isur¥-liiii¢ OCCLipation with tlic objcct of improi'ing tlic conditioiis of lifc for thc said inli.Ibitant5. ThL Charih, shall b¥ non-part). in polities ld non-sLctarian. Signific&nt activities Tlie CILTrriti s maiii actii'it!. was to establish, maintain and managFe a CommunitN' C¢ntr¢. Ivlidher alon¢ or iii cOp¢ratIon ii.ith othcr pcrsons. local auihoritics or b(di¢s in fUrth¢ran of Ih¢sc objccls, In order lo achieve our slal¢d objectives. the Ceiilre co-ordinates the follo.11]g a¢tii'ilies either on a dailN' or iicckli. basis.. The provision of a lo¢al librarn. s¢rn'i¢e. including aesS to th¢ internet, for the local wiiuiiuniti". This is proN'idcd dircdlN' b!, Likknrpool CitN' Council, but facilitatcd iii thc Ccntrc. Th¢ Provision of Adiilt Education ¢lass¢s i'la the Local AuthoritN' for members of the Iwal communits. to dcvelop thcir skills and cmplo!Incnt.
Belle Vale Community Centre Limited la company limited hy 2uArantee) Report of the Trustees For the year ended 31 March 2025 OBJECTIVES AND ACTIVITIES Significant activitie5 (continued) Facililating a social care s¢tTr'i¢c from ilithin th¢ Contr¢, creating a sccur¢' and safc cniwironm¢nt for 'ulncrablc iiicmbcrs of thL commuiiih. to visit aiid scck hclp. Facilitating cl rangc of fitncss and social classcs Idaiicing. Zumba. kick boxing) for iiicmbors of thc Ioc<11 conununili. to all¥nd. kth'piiigy fit wid ¥ng'agiingy socialli.. Facililatinb) social ciib)abicniLiil clubs pci)sionLrs club . rclibiious gathcrings elc. Organi5ing part). fuiictions, birtlidal's, christLning5 Ctc. Fa¢ilitalingJ social ivLnls prn0t11]g, h¥alih!' LalingTr and lifLstN'les, ¥.g. Social SupLmiarkct and Vallc!. Coiiiiiiiii)it)' Hub ¥11id sp¥cific oli¥ off ciciils. Iii facilitatingT all of Il)L abovL. i%'l)ilst Iliu CLlltrL d(K's iiot spLcificall!' dLlivbr i%'L focus oli LnsLiring7 11¢ m&1illi&iin a ii"elcoming aiid frieiidl}' cnN'ironmLiit at thc loiiLst possibl¥ rcni to allow. accLss for thc iiidcr Wc hai'c rcfcrrcd to tlic Chariti. Commission's sicncral giiid<incc on public bciicfil ¥%,hcn rci'ici¥"in8 oiir aims 4111d objLxlii'Ls and planning fiiliirc aclii'itiLs. In particular, IhL tnislLcs considcr holi planiiLd aclikitiis ,111 coi)Iribiiti lo Illi ainis and obJ¥ctii'Ls thLI' l)aiL s¥1. ACHIEVEMENT AIYD PERFORMANCE Charitnble Activities Th¥ Cciilri h41$ conlinucd to run L¢k1V actilt]S Ihroughoiil thc i'Lar, iiicliiding thL ii'cL.kl!' pcnsionLrs cliib M.lii¢h prov'idkns a¢tiiili¥s, adv'ic¥' aiid support for old¥r p¥oplkn. Th¥ l¥nants ¢ontinu¢ lo proi'id¥ kLI' s¥ri'i¢¢s in linc i¥iih oiir obj¢¢livos and Kivc bicn succcssfiil in in¢r¥asiiiuT Ili¥ numb¥r of Lis¥fs 471)d i'isilors to Ili¥ C¥iilr¥'. WL haiL l)Lld a IiumbL'r of fun dai's tliroLigliout thu I'car ilhich havc bcLn v¢Tr ii'¢ll attLiided b!. th¢ loc.Il commiiiiiti.. As i%'LII 4lS Ll)abliiigF LISL to work on collaboration with othLr organisations. tlic Lvents pr()N'idL a i'Lhiclc for proi))otiiig tlic Ccntrc. FINANCIAL REVIEW Reserves poliey ThL standard rcsLrvLs polic!. is to maintain liquid rLsources sufficiliil to support IhL Chariti. for the folloii.in8 12 monilis of opcralion. l81i0ri118 <imounls diL¢ from ils siibsidi1& r¥" und¢rt<1king. Ili¢ C.h41rilJ' h1id around £ill,111111 iii liquid fuiids. ii'hicli rn'pr¥s¥nls aroiind 4 moiiihs riinninby Costs. Th¢ triiste¢s ¢oiilinu¢ to Ir%, to rctum tlic Clvrilv as ¢7 li.holo iiilo siirpliis. ON BEHALF OF THE BOARD . Mr R J Condon - Dircctor ? Jun¢ 2026
Belle ITAle Commiinity Centre Limited {a compaJ)y limited by guarantee) STATEMENT OF TRUSTEES, RESPONSIBILITIES (or the year ended 31 March 2024 The iruslees lii.lio are also direclors of Belle Vale Commiuiil!. Centre Limiled for the purposes of compani" lam.) are responsible for preparing thc Trllslccs, Aniiiial Report and ihe Iiiiancial slatciiicnls in accordance lIh applicabl¢ laii, and Uiiilcd Kinudom Aoun11n& Siandards Iuiiilcd Kingdom Gcncrall!. Acccplcd Accounliiigi Praclicc}. Coi))pai)!' lam, rcqiiircs tlic Inislccs lo preparc financial stalciiicnis for cach fiiiancial I'car. ii,hicl) giic a truc and rair i'ici¥ of thc slalc of affairs of Ihc cliarilablc compaiii. and of Ihc iiicoming rcsourccs and applicalion of rcsourccs, includins Ihc incoiiie and expcndilure, of Ihc charilablc compan). for thal pcriod. in prcparins Ihcse financial sialcmcnls. d)C trusl(ts arc rcqiiired io.. sclccl suilablc accoui)linb policics aiid applill Il)cii) consislciiili" obscri'c Ihc mcihods aiid prii)ciplcs in Ili¢ Cliarilics SORP 2111.) (FRS 1021. iiiakc judg)ciiicnls and csliiiialcs Ilial Jr¢ roasoiiablc and pnidcnt: sl410 ii'li¢ili¢r applicablo UK a¢¢ounLingF slandards hJi'¢ b¢¢ii folloivcd. subj¢cl lo ali!. mJlorial d¢partLircs di5closcd ai)d cxplaiiied li) Il)c fii)llncial slatcmcnis: prcparc Ihc finai)cial slalcmcnls oli ilic bioing> conccni basis unless il is inapproprialc lo prcsiiiiic Ihai ihc charilablc coiiipan!, M'ill coiiliiiuc iii opcralion. Th¢ Irusl¢¢s arc also rcsponsibl¢ for k¢¢piii&? ad¢qiial¢ ac¢ounting) r¢¢ords Ihal dis¢los¢ ii'iih r¢asonablc aura¢5' al ani. liiii¢ ilic financial position ofihc ¢harilabl¢ ¢ompaiii' and ciiablo ilicm lo ¢nsLir¢ thal Iho Iiiiaii¢ial sLalemoiils coiiipl). ii'iil) the Compaiiics Act 21I11(i. Tliv. arc also rcspoi)siblc for safcgyuardiiig Ilic asscls of tl)c cl)ariLablc W111Pillll' (11)d liLnLL lur liikiiisw rcasUIi(Ibl¥ sl¥ps fvr IIIL prLI'¥J)livii and dil¥Lliui) ur rraiid diid vih¥r irr¥sNILliiriliLs. In planninu? our aclii'itics for ili¢ i'oar aiid llllLiro I'cars. Ih¢ TrLLslc¢s hal'o k¢pl in miiid dic Charil!. Conunission's guidancc on public bciiefil. Thc cliarit). conslilulcs th public bciicfii cnlitv as dcfined bs. FRS I n2. The Truslccs rcporl has been prepared liai'ing tsken adi'anlabje of Ihe small companies e¥emplion in thc Companics Act 2011C).
Independent Exfiminer's Report to the members of Belle Vale Community Cenlre Limited a company limited by Euarnntee) report on the financial slalemenls of Belle Vale Communil!. Centre Limited for the s'ear ended 31 March 2025 ii.'hi¢li coiiiprisc Ihc SummaTh. Incomc and Eipcndiliir¢ Accoiint, thc Siatcmcnl of Financial Actii'iiics. th¢ Balancc Shcct and rclaicd notes. Respective responsibilities of the trustees and examiner Tlic charil!"'s Iruslccs arc rcspoiisiblc for Ilic prcparalion of Ihc accounts. Thc Iruslccs coiisidcr iliat aiidil is not requircd for Ihis l.ear under s¢¢lioii 144{21 ol Ihe Charilics Aci 201 I wid dial wi iiidcp¢ndeiil e¥wiiiiialion is nLYded. l aiii qualificd lo undcrtakc thc cNaminatioii bN' bcin¥ a qualificd iiicmbcr of the Inslitiilc of Chartcred AccoLintaiits in Engyland and Wales. aluiougih this 5.ear die charil! s income did iiol exceed £2iO.000. Hai'iiig saiisfied iiil'seif Lhal ilie Charil! is noi SLibjeci lo an audit under Comp1}. laii, and is eli71b]e for indepei)deni cxaminalion. il is m!. r¢sponsibililN' Io.. Eiamine ihe accounis uiidcr Scciioii 14$ ofihc 2111 l Acl, lo folloi%' Ihc proccdurcs laid dowii in Ihc Gcncral Dircclions g)ii'cn b). Ihc Chariii, C.oiiimissioncrs undcr scclion 14i{illbl of Ihc 2111 l Acll. and lo slalc wlictl)cr particular matlcrs l)ai'c comc lo iii). allCI)liort. Bfisis of independent exAminers' report M!, cKaminalion i¥'as carricd oul in accordance ii'iih Ihc Gcncral Dircclions sjii'cn b!. Ihc Charil!. Commissioncrs. An ciaiiiiiialioi) includes a rci'ithi of Ihc accow)ling rceord5 kcpi bi. Ihc charit!. aiid a comparison of Ilic account5 pfcSCliicd ii"'i(h Ihose rccords. It also inclLidcs coiisidcraiion of ani. iii)Lisiial iicms or disclosLircs iii Ihc aCCOLints. and scck.in ciplaiialioiis froiii l'oii as iii¢nib¢rs coiiccriiiiigi aiii, sucli iiiallcrs, Tli¢ proc¥durcs uiidcrlaLcii do not proi'idc all Ilic ci id¢i)¢¢ Ihal i¥'oiild bc rcqiiircd in an audil and. ¢onsoqu¢iiil)', no opinioii is g)ji'¢ii as lo ii,h¢ili¢r Ili¢ J¢¢oiiiils prcscnl a 'Iruc and fair Nicii and ilic rcport is limiicd Lo iliosc iiialtcrs scl out in Ihc siaicnicni bclom.. Independent exllminers, StAtement Ili coi)ii¢clion ii'iil) mi. ciaiiiinalion, ciccpl for thc mallcrs idcnlificd in Ihc "cxccptions" parabFraph bclow, no mallcr has coiiic lo i))i' altcniioii.. I l ) ii'hich givcs iiic rcasonablc causc lo bclici'c that. in an). malcrial rcspccl, thc rcqLiircnicnls'. lo K.p a¢¢ow)liiig rccords in accordan scction 38() of Ih¢ Companics Act 21101) ' aiid lo prcpar¢ a¢¢oiuils h1¢h accord ii'iLh Lh¢ a¢counlingF r¢¢ords and lo Compli, iiilh lh¢ ac¢ounting rcqiiirciiicnts ofsccLioi) l()6 of Ilic Coi))pai)ics Act 21106 and willi ilic i))cihods and prii)ciplcs ofihc Sialcmcnl of Rccoiiiiiicndcd Praclicc.. Accoui)tinb and Rcportll)bi bi. Charilics hai'c noi bccii mcl. or (2} to ii"hich, in mv opinion, atlcntion should bc draiin in ordcr lo cnablc a propcr undcrslanding of Ihc accounts lo b¢ rca¢hed. Exceptions Tli¢ Cliaril!" ¢irentIN, has onli, livo Trust¢¢s, This is beloiv the minimillii level of ihree. sel oiil in paragraph 25 of its Articlcs of Association. This could Icad to dccisions madc bi. the Board being considered "ultra i'ires" Adam Frcnch B.Eng FCA Haili%o(xl & Co Cliartcrcd Accowitants Regislered Aiidilors 3 Jwie 2026 Morelon. Wirral
Belle ITAle Commiinity Centre Limited {a compaJ)y limited by guarantee) SUMMARY INCOME AND EXPENDITURE ACCOUNT for the year ended 31 March 2025 Note 2024 Income 136.122 121.673 Total income 136,122 121,673 Expenditure Depreciation (105.650) (36,204) (135,255) (36,204) Nel expenditiire for the year io (5.732) (49.786) Movements in reserves are shown in note 9. None of the charity's activities were acquired or discontinued during the above two financial periods. There are no recognised gTains and losses in the year ended 31 March 2025 or the year elided 31 Marcli 2024 oilier thali Ilie (deficil)Isurplus tor eacli year. Tolal income comprises £136,122 for unrestricted funds and £0 for restricted funds. detailed analysis of income by source is provided in the Statement of Financial Activities. The summary income and expenditure account is derived from the stalement of financial activities on page 7 which together with the notes to the accounts on pages 9 to 15, provides full infonnation on the movement during the year on all the funds.
Belle ITAle Commiinity Centre Limited {a compaJ)y limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025 Unrestricted Funds Restricted Funds Total Funds 2025 Total Funds 2024 Iyote Infome from: Grants Donalioi)s Charilablc actii'itics 136,122 136.122 121.C)73 Tot*1 income 136,122 136,122 121,673 Expenditure on: Chariiablc acliN'ities 31).2114 141.11.$4 171.4.f <) Totnl expenditure 10.5.6$0 36.2(H 141.8.fj4 171.4S9 Net outRoin% resource5 before Iransfers 311.472 (3().2114) 15.732} {4().711()) Transfers between funds Net movement in funds 30.472 (3C),2114) 15,732) {4().7XC)) Retoncililltion of funds: Tolal funds broubjhi foniard 23X.i12 1.24(>.7117 Total funds carried forward 268.984 971.991 .240.975 1,246.707
Belle Ilale Community Cenlre Limited (# ttsmpany limiled by guarantee) BALANCE SHEET A5 At 31 MArch 2025 2025 2024 Nole Fixed assets Tanb?ible assets Investments 1,059.639 1,095,843 Ciirrent Nssets Debtors Cash at bank and in hand 142,218 49,713 128,857 34,679 191,931 163,536 LiAbilities: C.redilors.'amounts falling due within one year Net ciirrent Assets (10,596) (12.673) 181,335 150,863 Net assets 1.240.975 1,246.707 The fiinds of the chArity: Restricted tunds Unrestricted funds 971.991 268,984 1.008.195 238,512 1.240,975 1,246,707 Tlicsc accounts havc bn prcparcd in accordancc M'ith Ihc spccial proi'isions of part 15 of Ihc Componics Act 2011C) r¢laling lo siiiall coiiipanics. For Ili¢ i'¢Jr ¢nd¢d 11 Mah 21125 Ihc ¢ompan)' lias cnliilcd lo Cxciiiplion undcr s¢clion 477 of Ihc Coiiipanics Aci 21111() rclalii)g? lo siiiall eoi))panics. Dircclors, respoiisibiliLies'. Tlie mcmbers hai'e nol required the compani" lo obiaiii an audil of ils accounts for the l'ear in queslion in 4cwrdan¢¢ il'ith s¢¢lioii 476: 1¢ dircclors acklioled?c Ihcir rcspoiisibililics for compli'ing i¥'iih the rcquircmenls of ihe Acl i¥'iih rcspc¢l lo a¢a)unling rccords and Ihc prcparalioii of accounls. Tlic fiiiai]cial stalcmciits on pagcs 6 to IS wcrc approi'cd b). tlic TnislKs 011 3 Junc 2026 aiid Si]Cd on its bcl)aif b).. Director.. Mr R J Condon collipan Numbcr '. 03235982
Belle ITAle Commiinity Centre Limited {a f ompaJ)y limited by guarantee) NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2025 l Accounting policies and company status Company Siatus The charity is a company limited by b)uarantee. The company has no share capital. The nature of the charity's operations and principal activities are disclosed in the Trustees Report. The company was incorporated in Engiland The regislered office is Lee Valley Millennium Centre, Childwall Valley Road, Belle Vale, Liverpool, L25 2PR. A summary of the more important accounting policies is sel oui below. BASIS of accounting The financial statements have been prepared under the historical cost accounting rules. on a goinjj concern basis, and in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011 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} issued on 16 July 2014 (as updated through Update Bulletin I published on 2 February 2016). the Financial Reportin Standard applicable in the United Kingdom and Republic of Ireland {FRS 102). the Charities Acct 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from l January 2015. The charity constitutes a public benefit entity as detined by FRS 102. In accordance with the provisions of the SORP FRS 102, as the charity qualitie5 as a "small charity il is exempt from the requirement lo produce a Cash tlow statement, F¢ind Accoiinting Restricted tunds comprise funds which have been granted lo be used for a specific purpose, and are Iheretore shown separately until that purpose has been fulfilled. General funds comprise funds which represent accumulated surpluses and deficits in the Statement of Financial Activities, after transfers tolfrom the restricted funds. The purpose5 and uses of all funds are set out in note l O to the accounts. Income All donations, sundry income and sales are recognised on a receivable basis. Expenditure The cost headings comprise expenditure, including staff costs, directly attributable to the organisation's activilies. Fixed Assets #nd depreciation Fixed assets are stated at cost and are depreciated over their useful economic lives at the following rates.. Freehold property Improvements to property All significant assets are reviewed annually for impainnent and provision made where considered necessary. 20/0 of Cost 20/0 ot Cost
10 Belle Ilale Community Cenlre Limited (# ttsmpany limiled by guarantee) NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2025 Unrestricted Fiinds Restricted Fiinds Total 2025 Total 2024 2 Income Renlal Income Grants received Insurance claims Room hire & functions Rental of equipment income Management charge 88.600 88,600 73.398 17,522 10.000 20,000 17,522 10.000 20,000 18,275 10,000 20,000 136.122 136.122 121.673 3 Charitable activities Salaries and related costs Staff pension costs Rates and water Insurance Light and heat l elephone Security and maintenance Travel costs Staff entertainmenl Cleaning Costs Accountancy fees Secretarial fees Bank char14es V AT surcharges and penalties Printing, postagye and stationery Bank interest Depreciation.. land and buildings 20,720 419 8,379 5,163 20,720 419 8,379 5,163 50,307 2,777 14,449 1,097 100 46,324 955 8,335 5,301 54,277 5,814 11,331 2,777 14,449 1,097 100 2,184 2,184 2,849 55 55 69 36,204 36,204 36,204 105,650 36,204 141,854 171,459
Belle Ilale Community Cenlre Limited (# ttsmpany limiled by guarantee) NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2025 4 Salaries and wages 2025 2024 Staff costs Wages and salaries Pension costs Employers, national insurance 20,720 419 46,324 955 21,139 47.279 Average number of staff during the year There were no employees earning a salary in excess of £60.000 in either year. S Fixed Asset I nvestmeiits Shares in Group Undertaking Market Vmliie 31 March 2025 £1 31 March 2024 £1 Net Book Value 31 March 2025 £1 31 March 2024 £1 The charity owns lo/0 of the shares of Lee Valley Trading Limited. The results for the last financial year were as follows., 2025 2024 Capital and Reserves Prvfit/(loss) fur ye< (121,426) (1,258) (108,668) (7,300)
12 Belle Ilale Community Cenlre Limited {# ttsmpany limiled by guarantee) NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2025 LAnd and 6 Tangible fixed assets buildings Total Cost or vAliiation l April 20?4 Additions Disposals 1,897,852 1,897.852 31 March 2025 1,897.852 1,897,852 Depreciation l April 2024 Chargye for year Disposals 802,009 36.204 802,009 36,204 31 March 2025 8.38,213 838,213 Net book vRliie 31 March 2025 1,059,639 1,059,639 31 March 2024 1,095,843 1.095,843 The Millennium Commission. who funded the building of the Community Cenlre hold a debenture over the land and buildings and all other assets of the Charity. 2024 7 Debtors Amounts owed by Lee Valley Trading Limited Other debtors 131,346 10,872 115,985 12,872 142,218 128,857 2025 2024 8 Creditors due within one year Bank loans and overdrafts Taxation and social security Sundry Lrediturs <U]d (ILCIUdls Pension creditor 6,421 4,049 126 8,242 4,054 377 10,596 12,673
13 Belle Ilale Community Cenlre Limited (# ttsmpany limiled by guarantee) NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2025 9 Funds Balance At l April 2024 Balance at 31 March Incoming resources OulEoing resources Transfers Unrestricted Fiiiids General Fund 238.512 136.122 {105,650) 268,984 Reslricted Funds Millciii)iutn Commission ERDF Grant SRB Grant LCC Granl RI.ers1de Housing 429.065 248.159 128.585 196.786 5,600 (15.465) (8,923) (4.578) (7.038) (200) 413,600 239,236 124.007 189,748 5,400 1.008.195 (36,204) 971,991 TOTAL FUNDS 1,246.707 136,122 (141,854) 1,240,975 Transfers I'he transfers between restricted and unreslricled funds are to ensure ihat the closing restricted funds agree lo the net book walue of the restricted fixed assets. Tlie iesiricled fuiids of £971991 repi"e5ei)t the book value of the iestricled tangible fixed assets. the remaining tangible fixed assets of £87,648 are unrestricted. Millenniiim c.ommission The Millennium Commission provided a capital grant to assist with the cost of construction of the community centre building. This included associated construction costs, professional fees and project management costs. The main restriction is that the facility has to be run as a community centre and for no other purpose, The Millennium Commission was wound down, these rights were transferred to the Bib Lottery Fund. A ¢han&Fe in any part of the buildingys use requires consent from the Big Lottery Fund. ERDF Grant ERDF provided a capital grant lo assist with the cost of construction of the community centre building. This included associated construction C05t5, professional fee5 and project management costs. The funds were restricted in that the building had to be used as a community centre for a period of no less than 10 years If the building is used for another purpose within this period, then a pro rata refund of the grant will become payable.
14 Belle Ilale Community Cenlre Limited (# ttsmpany limiled by guarantee) NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2025 9 Funds (conlinued) SRB Grant SRB provided a capital grant to assist with the cost of construction of the community eentre buildinb. This included associated construction costs, professional fees and projecl managiemenl costs. The main restriction is that the facility has to be run as a community centre and for no other purpose. LCC Grant Monies Irom Liverpool c.ity c.ouncil were provided in the form of insurance monies from the labour club which stood on this site. The money was provided on the condition that il was lo be used to build a community centre. Riverside Housing Riverside Housins4 provided a capital grant to purchase computer equipment for an IT suite. 10 Income and expenditure account April 2024 Deficit for the year 1,246,707 (5,732) 31 March 2025 1,240,975 I l Related Parties Lee Valley Trading Limited is the charity's trading subsidiary At the balance sheet date Lee Valley Trading owed £131,346 (2024.. £115,985) to the charity The charity charged a management fee of £20,000 (2024. £20,000), and an equipment hire fee of £10,000 (2024. £10,000) No interest has been charged on the balances owed.
Belle Ilale Community Cenlre Limited (# ttsmpany limiled by guarantee) NOTES ON FINANCIAL STATEMENTS for the year ended 31 March 2025 12 Controlling party Control lies with the trustees, wilh no individual or group having ultimate conlrol. 13 CApital Commitments 2025 2024 C.ontracled for but not provided for Nil Authorised but not contracted for 14 Going Concern As stated in the Truslees report. the reserves policy is to hold liquid reserves to cover 12 months expenditure, A very small cash deficit before depreciation was returned this year. The Trustees feel that further progress is still possible and therefore will delay making an impairment adjustment to the carrying value of the Centre in the accounts until all options for generating sufficient surplus to cover depreciation char¥es are exhausted.