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!, gruar￿lE￿. 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 a￿ura¢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 Comp￿1}. laii, and is eli￿71b]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!" ¢i￿rentIN, 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 b￿n 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 Ma￿h 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 acklio￿led￿?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