Bell View (Belford) Report and Financial Statements for the Year ended 31st March 2023
Bell View (Belford) 33 West Street Belford Northumberland NE70 7QB Tel: 01668 219 220 Email: bellviewbelford@hotmail.co.uk Registered Charity No: 1075896 Company Ltd by Guarantee No: 3582229
BELL VIEW (BELFORD)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Page | |
|---|---|
| Chairperson's and Chief Executive's Report | 1 |
| Report of the Trustees | 2 to 9 |
| Report of the Independent Auditors | 10 to 12 |
| Consolidated Statement of Financial Activities | 13 |
| The Charity Statement of Financial Activities | 14 |
| Consolidated Balance Sheet | 15 |
| Consolidated Cash Flow Statement | 16 |
| Notes to the Consolidated Cash Flow Statement | 17 |
| Notes to the Financial Statements | 18 to 42 |
| Detailed Consolidated Statement of Financial Activities | 43 to 44 |
BELL VIEW (BELFORD)
CHAIRPERSON'S AND CHIEF EXECUTIVE'S REPORT FOR THE YEAR ENDED 31 MARCH 2023
Due to the extended absence of our CEO because of ill health and with the Charity Commission's agreement and appropriate governance, I have been undertaking an Interim CEO role. This ended in September 2023 when an external interim CEO was appointed. I am therefore completing this report as both Chairperson and CEO for the year under review.
It is hard to believe that at the beginning of the 2022/23 year we were still routinely testing for Covid and were wearing masks in our work and around our building. Confidence amongst our beneficiaries remained very low and there was still reluctance and caution about social proximity.
What a difference a year has made. We are delighted to see people returning to our Resource Centre. We have extended our range of activities and people have returned to their groups, lunch clubs and the café and through the opening of our Warm Hub we have seen many more people meeting socially for coffee and cake or our soup lunches.
Our outreach work in the more rural areas of North Northumberland has continued to expand, with new partnerships being developed and exciting opportunities on the horizon. Our 'Bringo' community transport scheme continues to provide an invaluable service and underpins all of our activities.
I am pleased to report how well our two trading arms are operating. Our Help at Home service provides high quality domiciliary care services to people in their own homes and our Day Centre is thriving, offering social engagement for beneficiaries and respite for family carers.
This year has also been a year of transition for the charity. We have said fond farewells to a number of long serving employees and I want to record my thanks for all they have done to make Bell View what it is today.
We have said a big welcome and hello to those whose responsibility it is to carry the torch forward and to build on what Bell View is and represents in our local communities. Our new staff bring with them a wealth of knowledge and experience and we are delighted to have them on board.
I cannot end without saying thank you to everyone, employees, volunteers, trustees and helpers who make Bell View the success that it is.
A very big thank you!
Kim Binder
Page 1
BELL VIEW (BELFORD)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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
Bell View (Belford) is a community charity, based in Belford North Northumberland, providing support and services to scattered rural and coastal towns and villages covering an extensive area up to the border with Scotland.
Bell View exists to support and enable older, vulnerable, disabled or disadvantaged people and those who care for them to "live well".
"Living Well" includes the whole person, the environment within which they live and the social engagement and participation they have access to.
We aim to:
-
enable older, vulnerable, disabled, or disadvantaged people to live in the home of their choice.
-
enable older, vulnerable, disabled, or disadvantaged people and their carers to "live well" by promoting their physical, mental, and emotional well-being.
-
reduce older, vulnerable, disabled, or disadvantaged people's social and geographic isolation and increase their community engagement and participation.
-
improve older, vulnerable, disabled or disadvantaged people's access to good quality housing/accommodation and to reduce fuel poverty.
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
Page 2
BELL VIEW (BELFORD)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
ACHIEVEMENT AND PERFORMANCE
CHARITY ACTIVITIES
We continued to support our beneficiaries during the year and welcomed a number of new faces: Juliet Short our Services Manager, Joanne Leightley and Katie Walker at reception, Kat Lee a Finance Assistant, Beth Asquith an additional Social Activities Co-ordinator and Brian Cafferty our new Facilities Manager. Since the year-end Jerry Mitchinson joined us as Outdoors Co-ordinator and in August 2023 we welcomed Ann Gibbons as our Interim CEO. We have also welcomed many new volunteers.
Resource Centre
After the challenges of recent years we are delighted to see people returning to the Resource Centre and we have been working closely with the community to reinstate some activities and introduce new ones.
We have introduced a Warm Hub and Warm Space to ease the pressure of escalating fuel costs by providing coffee, biscuits and soup lunches. We have welcomed the Belford Book Group and reinstated a digital support service 'Tea, Talk & Tech' as well as extending our Mini Gym provision.
Longstanding groups and activities continue to flourish including exercise, arts and craft, music, history, quiz and game nights and social events.
During 2023, we have hosted a Summer Holiday Children's Craft Group, launched a Green Woodworking Group and begun a Gardening Group. These activities have helped to reinvigorate both the indoor and outdoor spaces in Bell View and continue to support the health and wellbeing of the local community.
Whilst there continues to be demand for room hire, the demand for space for face-to-face training has decreased significantly. This is a trend which is echoed across the country following the use of online training platforms during the height of the pandemic and is unlikely to be reversed in the near future. Nevertheless, we continue to work with businesses, groups, individuals and voluntary groups enabling training, pop-up and fundraising events and the development of new programmes.
Our position as the local Community Resilience /Emergency Hub was further strengthened by the addition of a secondary generator and we continue to work with the Community Resilience Team at Northumberland County Council and stakeholders within the local community to ensure a co-ordinated response in the event of an emergency.
Outreach Services
We have continued to provide support in sparsely populated rural areas, providing a range of regular activities in partnership with local communities and village hall committees. We have extended these activities to Beadnell, Bowsden, Cornhill, Glanton and Seahouses.
During 2022-23, we enjoyed live music at our outreach venues. This was very well received with over 70 people attending a coffee morning in Seahouses on one occasion.
Outreach activity included special events throughout the year - from Christmas to the Coronation. We enjoyed an exceptional Saturday Christmas Lunch in Cornhill with approximately 60 residents in attendance for a festive lunch, music, games and a glass of bubbly. We plan to support more celebrations in the coming years.
Quotes:
"Dear all, a huge thank you for the lovely Coronation party you gave us and the way you look after us the year round. You are all amazing."
"The helpers and organisers did a great job. The hall was so "Christmassy" and filled with chatter just what you want. Please pass our thanks to all concerned"
"What truly wonderful staff Bell View had running the event…they really do care. O my word it was amazing, I cannot thank you, your staff and volunteers. My mum loved it and well, it made me cry! You really do care up North, bringing the community together and helping reduce isolation. Keep up the amazing work"
Page 3
BELL VIEW (BELFORD)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
"I just wanted to say how much I appreciate Bell View. The staff and helpers are all kind and friendly. There is a lovely warm atmosphere. Bell View is a great asset to Belford and the surrounding area"
From April 2023 we have taken over hosting a weekly session, "The Gathering", in the Glendale Centre at Wooler. Typically, the group arrive for refreshments, board games and conversation in the morning, followed by a cooked lunch. We have implemented a programme of activities, which includes crafts, exercise, films, games, guest speakers and musicians.
We continue to take a proactive approach to working with additional communities.
Food Project
We continued to deliver a food project helping to tackle the dual issues of food waste and food poverty until May 2022. Whilst we continue to distribute food via our Food Share Project and via the Warm Hub and Warm Space, we are not currently distributing food to individuals as demand has fallen significantly during the past year.
Community Transport
Our 'Bringo' scheme continues to provide wheelchair accessible community transport for people who are unable to readily access other means of transport. During 2022-23, we provided approximately 1325 journeys, taking people to and from medical appointments and social activities. We expect demand to increase during 2023-24 and have tentatively begun to undertake some journeys under voluntary car scheme terms, where volunteers use their own cars, in order to meet transport requests. We expect this to give us more flexibility and scope in the future.
We are working with North Northumberland Voluntary Forum Community Transport Steering Group and others, to shape and influence the provision of future community transport in North Northumberland.
Volunteers
Our volunteers are at the heart of all our work. We estimate that our amazing volunteer team have donated approximately 3900 hours during 2022-23.
Our volunteer team has grown by approximately 50% within the last year: the generosity of our growing volunteer team enables us to make a positive difference within our local communities. A huge thank you to each and every volunteer.
Volunteer evening, quote:
"Thank you so much for a lovely sociable evening on Wednesday, not to mention the delicious wine/cheese etc. Bell View is very fortunate to have you all"
Future
Our future plans include establishing further meaningful outdoor pastimes to support social connections and improved wellbeing. The reinvigoration of our outdoor space is already making a difference.
We are expanding our Digital Inclusion Project to include a Digital Support Officer in the near future to encourage improved digital inclusion in North Northumberland. Working in conjunction with The Glendale Gateway Trust, we will provide increased support to local people.
In addition, we hope to develop a Community Shed Project and a Winter Matinee programme.
We are starting to review the efficiency and carbon footprint of our building and how we can adapt and become more energy-efficient into the future.
We continue to work in partnership with the Food Network. We are also collaborating with The Glendale Gateway Trust and the United Reformed Church to explore the concept of a mobile community pantry.
We will continue to take a proactive approach to working with new partners on new initiatives.
Page 4
BELL VIEW (BELFORD)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
BELL VIEW HELP AT HOME LTD
Bell View Help at Home Limited is a wholly owned social enterprise providing domiciliary care working across Wooler, Berwick, Seahouses, Belford and surrounding areas. The company is under new leadership with the appointment of Cat Wood as Registered Manager in November 2022 and we are pleased to report that we were again rated "Good" by the Care Quality Commission in our most recent inspection. Our team of dedicated and highly trained care professionals take pride in delivering high quality care to clients enabling them to remain in their own homes. The demand for these services has never been greater, with demand currently exceeding our capacity to take on more clients. We continue to invest in recruitment for more carers to join our fabulous team and continue to grow this much valued service.
BELL VIEW CARE LTD
Bell View Care Limited is a wholly owned social enterprise providing day services in our Resource Centre in Belford. The company is under new leadership with the appointment of a new manager, Laura Matthews. We continue to provide a place where people are given practical assistance and the opportunity to socialise with others, whilst receiving the care and support of professionally trained staff. We provide opportunities to be involved with and enjoy meaningful activities such as music, singing, light exercise, games, puzzles, arts and crafts and local day trips. We also offer assisted bathing facilities. We currently transport clients from other areas in North Northumberland to our centre in Belford.
Recognising the growing need for these services and that we have a constant waiting list we are working towards developing sustainable local services in Alnwick and Berwick where demand is evident but there is limited current provision.
Page 5
BELL VIEW (BELFORD)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
FINANCIAL REVIEW
The year to 31 March 2023 has been positive with the return of group activities and increasing numbers of people using the Resource Centre and our charitable services. Trading income from room lettings continues to improve year on year albeit this is still only 60% of the levels generated before the pandemic. Fundraising activities have been well supported but income generated from these activities has fallen by 28% as a result of the current economic climate.
The support of funders with cost of living grants and core cost grant funding has been invaluable during this year.
The charity's incoming resources (excluding its subsidiary companies) for the year were maintained, with a slight increase of nearly 3% on the previous year. Grants continue to remain the principal source of funding accounting for 69% of the charity's income (excluding its subsidiary companies), down from 77% in the previous year.
Bell View Care Limited has provided day services throughout the year with daily attendance numbers rising as confidence has returned. As a result the company's turnover increased by 45% compared with the previous year. Increased costs of operating have resulted in profitability remaining the same as the previous year. These profits are being retained to fund future improvements and expansion.
Bell View Help at Home Limited continues to provide quality domiciliary care services with demand currently exceeding the capacity to take on more clients. Turnover increased by 3% compared with the previous year. All of the taxable profits for the year ended 31 March 2023 will be gifted to the charity, providing significant financial support to Bell View in due course.
The total income in the year was £1,282,798 compared to £1,303,469 the year before. At 31 March 2023, the charity had unrestricted reserves of £256,140, an increase of 2.6% from the previous year.
Overall the group has maintained its level of net assets whilst continuing to deliver and expand services to its beneficiaries.
The charity is very grateful to all its funders and supporters throughout 2022/23 with some being mentioned below:
National Lottery Community Fund Garfield Weston Foundation Barbour Foundation The Ballinger Trust Sir James Knott Trust The Joicey Trust E C Graham Belford Charitable Settlement The Community Foundation (Adderstone Fund, The Pargiter Trust, Arts Council Jubilee Fund, The Ringtons Fund, Arnold Clark) FB and PFB Lough Fund The Percy Bilton Charity Royal Warrant Holders Association Charity Fund Northumberland County Council Community Action Northumberland Co-op Local Community Fund Belford Community Group Belford Parish Council Belford Medical Equipment Fund Yorkshire Building Society
Investment Policy:
It is the Trustees' responsibility to safeguard the charity's assets and to decide how to use these assets in order to achieve the charity's aims. In managing these assets, the Trustees are seeking to balance the obligation to safeguard the charity's resources, with a desire to maximise the return achieved, and a need to ensure that funds are available as required to pay for goods and services. This policy sets out how the Trustees aim to achieve this, and is based on the guidance in the Charity Commission's publication CC14 - Charities and Investment Matters.
Page 6
BELL VIEW (BELFORD)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
The company has the power to invest in or upon such investments, securities or property as it may think fit. For the time being we are following a low risk investment policy with ease of access and flexible arrangements. If we move to a position where we need to consider further investment in order to maximise return, the Trustees would seek the advice of an independent Financial Advisor on any such investments.
Reserves Policy:
The Management Committee has reviewed the charity's requirements for reserves, in particular as a result of the impact of the pandemic and future uncertainty. It was decided that the aim would be to have sufficient unrestricted reserves to cover six months running costs for the Resource centre, including staff costs. At 31 March 2023 these amounts were £41,548 and £67,178 respectively and are shown in designated funds.
Other designated funds are detailed in the notes to the accounts
.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document:
The company was incorporated on 16th June 1998. It is registered under the Companies Act 1985, Company Number: 3582229 and is a registered charity, Charity Number: 1075896. The company is governed by its Memorandum and Articles of Association, of which a new version was adopted by Special Resolution and passed at the Annual General Meeting on 28th November 2006.
The day to day running of the Company is organised by the Management Committee, whose membership comprises a maximum of twelve Directors/Trustees, elected by the membership at the Annual General Meeting, together with a maximum of four co-optees.
Co-opted Directors/Trustees serve until the next Annual General Meeting. At each Annual General Meeting one third of the elected Directors/Trustees shall retire. Those who have been in office longest shall retire first. All retiring Directors/Trustees shall be eligible for re-election.
Risk Management:
The Management Committee has conducted a review of the major risks to which the charity is exposed and has established systems to mitigate the risk identified. They have developed a strategic plan which allows for the diversification of funding and activities and reduces the reliance on grant funding in the longer term.
Trustee Induction and Training:
The skill base and representation of the Management Committee is regularly reviewed. A Trustee Recruitment and Induction pack has been compiled and reviewed by the trustees. They include the vision and aims of Bell View, selected portions of Bell View documents, Charity commission publications and NCVO documents. Current practice is that from time to time upcoming trustee vacancies will be advertised and applications sought. Enquirers are invited to visit the charity, meet with and have informal discussions with one or two current trustees and the CEO. They may also meet with staff, managers and users of the services. An invitation will be given to attend part of at least one Trustee meeting. Following this a more formal discussion with the board of trustees may take place before applicants are invited to put themselves forward for election at the following AGM.
The training needs of both trustees and staff are assessed on a regular basis, arrangements are made to access appropriate training as identified wherever possible and appropriate.
Page 7
BELL VIEW (BELFORD)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company Number 03582229 (England and Wales)
Registered Charity Number 1075896
Registered Office
33 West Street Belford Northumberland NE70 7QB
Management Committee (Trustees/Directors)
Mrs K.F. Binder (Chair) Miss E. Duncan (Treasurer) Mrs K.M. Williamson Dr E. Miller Mrs B. Twiname Mrs M. Todd Mr G. Renner Thompson Mrs A. Johnson (resigned June 2023) Mrs G.C. Leyland The Reverend L.M. Taylor-Kenyon Mr M. McMahon Dr S.A. Tinnion
Key Management Personnel
Chief Executive Officer: Mr B.D. Lyden Interim Chief Executive Officer: Mrs K.F. Binder from July 2022 to September 2023 Interim Chief Executive Officer: Mrs A. Gibbons from September 2023 Senior Management Team: Mr P. Harrison (Centre Operations Manager) Left employment December 2022 Ms J. Field (Services Development Manager) Left employment April 2022 Ms J. Short (Services Manager) Started September 2022 Mrs P. Catling (Finance Manager) on Sabbatical leave from June 2022 to May 2023 Mrs N. Gordon (Temporary Finance Manager) from June 2022 to May 2023 Ms V. Kelly (Bell View Care Limited) to November 2022 Ms L.A. Matthews (Bell View Care Limited) from November 2022 Mrs S. Mills (Bell View Help at Home Limited) Retired September 2022 Mrs C. Wood (Bell View Help at Home Limited) Acting Registered Manager from September 2022 and promoted to Registered Manager on 1st November 2022
Chartered Accountants and Statutory Auditors
Greaves Grindle Victoria House Bondgate Within Alnwick Northumberland NE66 1TA
Page 8
BELL VIEW (BELFORD)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
| Bankers | |
|---|---|
| Barclays Bank plc. | CAF Bank Limited |
| 1 Churchill Place | 25 Kings Hill Avenue |
| London | West Malling |
| E14 5HP | Kent |
| ME19 4TA | |
| Santander | Virgin Money |
| Bridal Road | Jubilee House |
| Bootle | Gosforth |
| Merseyside | Newcastle upon Tyne |
| G1R 0AA | NE3 4PL |
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Bell View (Belford) for the purposes of company law) are responsible for preparing the Annual 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
-
there is no relevant audit information of which the charitable company's auditors are unaware; and
-
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Greaves Grindle, will be proposed for re-appointment at the forthcoming Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mrs K F Binder - Trustee
Page 9
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF BELL VIEW (BELFORD)
Opinion
We have audited the financial statements of Bell View (Belford) (the ‘parent charitable company’) and its subsidiaries (the 'group') for the year ended 31 March 2023 which comprise the Consolidated Statement of Financial Activities, the Charity Statement of Financial Activities, the Consolidated Balance Sheet, Consolidated Cash Flow Statement and notes to the financial statements, including 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 group and charitable company's affairs as at 31 March 2023 and of the group’s 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 and the Charities Act 2011.
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 group and parent charitable company 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 group’s or parent charitable company’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 the audit:
-
the information given in the report of the trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the report of the trustees has been prepared in accordance with applicable legal requirements.
Page 10
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF BELL VIEW (BELFORD)
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the report of the trustees.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion:
-
adequate and sufficient accounting records have not been kept by the charitable company or returns adequate for our audit have not been received from branches not visited by us; or
-
the parent charitable company’s 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’ exemption from the requirement to prepare a strategic report .
Responsibilities of trustees
As explained more fully in the trustees’ responsibilities statement set out on page 9, the trustees (who are also the directors of the parent charitable company for the purposes 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 group’s and parent charitable company’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 group or parent 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
We have been appointed auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts.
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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
As part of our audit procedures, we assessed the systems and internal controls of the charitable company and its subsidiaries to help us understand the subsceptibility of the financial statements of the group to material misstatement, including those misstatements arising from non-compliance with laws and regulations, including fraud.
Laws and regulations that are of direct significance to the group financial statements include Companies Act 2006, Charities Act 2011, Income Tax Act 2007, Corporation Tax Act 2010 and other laws and regulations that concern Companies House, the Charity Commission and HM Revenue and Customs. Those laws and regulations of significance to the entity but of indirect significance to the financial statements include the Health and Social Care Act 2008 (Regulated Activities) Regulations 2014 and Care Quality Commission (Registration) Regulations 2009.
In particular, we assessed the susceptibility of the group to fraud, by considering the internal controls applying to significant parts of its operations, including but not limited to income recognition, payments to staff and suppliers, and the security of cash and other assets. We also addressed the risk of management override of controls by investigating any entries and transactions that were unusual or outside the normal course of business. The engagement partner reviewed all work done to ensure this was adequate and carried out with due professional scepticism.
Page 11
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF BELL VIEW (BELFORD)
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
- A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidance-for-auditors/Auditors-responsibilities-foraudit/Description-of-auditors-responsibilities-for-audit.aspx. 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 and to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s trustees 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 and trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Jane Harvey (Senior Statutory Auditor) for and on behalf of Greaves Grindle Chartered Accountants and Statutory Auditors Victoria House Bondgate Within Alnwick Northumberland NE66 1TA
Date: .............................................
Page 12
BELL VIEW (BELFORD)
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Resource centre operations Bell View Care Limited operations Bell View Help at Home Limited operations Other trading activities 3 Investment income 4 Total EXPENDITURE ON Raising funds 6 Charitable activities 7 Resource centre operations Bell View Care Limited operations Bell View Help at Home Limited operations Total NET INCOME/(EXPENDITURE) Tax on activities Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 79,462 18,238 221,615 877,435 8,256 1,772 1,206,778 233 182,971 168,220 791,280 1,142,704 64,074 (3,205) 60,869 431,904 492,773 |
Restricted funds £ 76,020 - - - - - 76,020 - 139,145 - - 139,145 (63,125) - (63,125) 882,058 818,933 |
2023 Total funds £ 155,482 18,238 221,615 877,435 8,256 1,772 1,282,798 233 322,116 168,220 791,280 1,281,849 949 (3,205) (2,256) 1,313,962 1,311,706 |
2022 Total funds £ 171,069 28,793 176,576 915,412 11,394 225 1,303,469 425 290,810 135,774 835,810 1,262,819 40,650 (11,081) 29,569 1,284,393 1,313,962 |
|---|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 13
BELL VIEW (BELFORD)
THE CHARITY STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE CHARITY INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Resource centre operations Other trading activities 3 Investment income 4 Total EXPENDITURE ON Raising funds 6 Charitable activities 7 Resource centre operations Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 109,463 73,529 8,256 720 191,968 233 185,253 185,486 6,482 249,658 256,140 |
Restricted funds £ 76,020 - - - 76,020 - 139,145 139,145 (63,125) 882,058 818,933 |
2023 Total funds £ 185,483 73,529 8,256 720 267,988 233 324,398 324,631 (56,643) 1,131,716 1,075,073 |
2022 Total funds £ 186,068 63,381 11,394 138 260,981 425 290,426 290,851 (29,870) 1,161,586 1,131,716 |
|---|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 14
BELL VIEW (BELFORD)
CONSOLIDATED BALANCE SHEET 31 MARCH 2023
| Notes FIXED ASSETS Intangible assets 14 Tangible assets 15 CURRENT ASSETS Debtors 16 Cash at bank and in hand CREDITORS Amounts falling due within one year 17 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 18 PROVISIONS FOR LIABILITIES 20 NET ASSETS FUNDS 21 Unrestricted funds Restricted funds TOTAL FUNDS |
Group 2023 £ 3,332 783,186 786,518 109,209 676,249 785,458 (195,985) 589,473 1,375,991 (63,384) (901) 1,311,706 492,773 818,933 1,311,706 |
Group 2022 £ 3,740 808,773 812,513 95,620 688,159 783,779 (204,372) 579,407 1,391,920 (77,695) (263) 1,313,962 431,904 882,058 1,313,962 |
Charity 2023 £ - 769,339 769,339 27,078 376,517 403,595 (61,560) 342,035 1,111,374 (36,301) - 1,075,073 256,140 818,933 1,075,073 |
Charity 2022 £ - 777,992 777,992 26,098 427,379 453,477 (57,938) 395,539 1,173,531 (41,815) - 1,131,716 249,658 882,058 1,131,716 |
|---|---|---|---|---|
The directors (trustees) have prepared group accounts in accordance with section 398 of the Companies Act 2006 and section 138 of the Charities Act 2011. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and those prepared for circulation to the members of the company.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mrs K F Binder - Trustee
The notes form part of these financial statements
............................................. Miss E Duncan - Trustee
Page 15
BELL VIEW (BELFORD)
CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Tax paid Net cash provided by operating activities Cash flows from investing activities Purchase of intangible fixed assets Purchase of tangible fixed assets Sale of tangible fixed assets Interest received Net cash used in investing activities Cash flows from financing activities Loan repayments in year Net cash used in financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2023 £ 40,845 (2,375) (12,967) 25,503 - (40,911) 16,810 1,772 (22,329) (15,084) (15,084) (11,910) 688,159 676,249 |
2022 £ 100,643 (2,068) (17,321) 81,254 (4,080) - - 225 (3,855) (10,802) (10,802) 66,597 621,562 688,159 |
|---|---|---|
Bell View (Belford) uses the exemption conferred by section 1.12 of FRS 102 in not preparing a separate cash flow statement for Bell View (Belford) as a separate entity.
The notes form part of these financial statements
Page 16
BELL VIEW (BELFORD)
NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Profit on disposal of fixed assets Interest received Interest paid Increase in debtors Increase in creditors Net cash provided by operations |
2023 £ 949 64,271 (14,175) (1,772) 2,375 (12,177) 1,374 40,845 |
2022 £ 40,650 59,138 - (225) 2,068 (2,789) 1,801 100,643 |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.22 | Cash flow | At 31.3.23 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 688,159 | (11,910) | 676,249 |
| 688,159 | (11,910) | 676,249 | |
| Debt | |||
| Debts falling due within 1 year | (14,947) | 772 | (14,175) |
| Debts falling due after 1 year | (77,695) | 14,311 | (63,384) |
| (92,642) | 15,083 | (77,559) | |
| Total | 595,517 | 3,173 | 598,690 |
The notes form part of these financial statements
Page 17
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Group financial statements
The financial statements consolidate the results of the charity and its subsidiaries Bell View Care Limited and Bell View Help at Home Limited on a line-by-line basis. A separate Statement of Financial Activities and Income and Expenditure Account for the charity alone has also been presented.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income from Government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. In respect of the furlough grant; all conditions, with respect to the eligible costs being claimed, need to be met.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Charitable activities
The group's charitable activities comprise the operation of the charity's resource centre and the operations of the subsidiaries Bell View Care Limited and Bell View Help at Home Limited.
Goodwill
Goodwill cost of £4,080, being the amount paid by Bell View Help at Home Limited in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years. Goodwill cost of £30,000, being the amount paid by Bell View Care Limited in connection with the acquisition of a business in 2008, was amortised evenly over its estimated useful life of ten years.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Long leasehold property | - | 2% on cost |
|---|---|---|
| Plant and machinery | - | 25% on cost, 20% on cost and 10% on cost |
| Office equipment | - | 25% on cost and 25% on reducing balance |
| Fixtures and fittings | - | 25% on cost and 15% on reducing balance |
| Motor vehicles | - | 25% on cost |
| Computer equipment | - | 25% on cost |
Tangible fixed assets costing more than £500 are capitalised and included at cost together with any incidental costs of aquisition.
continued...
Page 18
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES - continued
Taxation
The parent charity is exempt from tax, but the subsidiaries are subject to corporation tax on their profits.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company pays defined contributions to a pension scheme in accordance with its automatic enrolment obligations. Contributions payable to the pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Basic financial instruments
The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 Charities SORP (FRS 102). Subsequent measurement is as per paragraphs 11.17 to 11.19, Charities SORP (FRS 102).
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors
The charity has creditors which are measured at settlement amounts less any trade discount.
2. DONATIONS AND LEGACIES - GROUP
| Grants and donations Gift aid DONATIONS AND LEGACIES - THE CHARITY Grants and donations Gift aid Gift aid donations from Bell View Care Limited Gift aid donations from Bell View Help at Home Limited |
2023 £ 154,138 1,344 155,482 2023 £ 154,139 1,344 10,000 20,000 185,483 |
2022 £ 168,580 2,489 |
|---|---|---|
| 171,069 | ||
| 2022 £ 168,579 2,489 - 15,000 186,068 |
continued...
Page 19
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 3. OTHER TRADING ACTIVITIES 2023 £ Fundraising 8,256 The above fundraising amounts are for both the group and the charity. 4. INVESTMENT INCOME 2023 £ Interest receivable 1,772 The above interest receivable amounts are for the group. In the year ended 31 March 2023, interest receivable for the charity alone was £720 (2022: £138) 5. INCOME FROM CHARITABLE ACTIVITIES - GROUP 2023 Activity £ Covid grants (governmental) Resource centre operations - Job Retention Scheme payments Resource centre operations - Transport income Resource centre operations 3,732 Miscellaneous Resource centre operations 1,641 Photocopy income Resource centre operations 1,626 Lettings income Resource centre operations 9,698 Food and drink recovered Resource centre operations 1,281 Membership income Resource centre operations 260 Bell View Care Limited operations Bell View Care Limited operations 221,615 Covid grants (governmental) Bell View Care Limited operations - Job Retention Scheme payments Bell View Care Limited operations - Bell View Help at Home Limited operations Bell View Help at Home Limited operations 875,864 Covid grants (governmental) Bell View Help at Home Limited operations 1,571 1,117,288 |
2022 £ 11,394 |
|
|---|---|---|
continued...
Page 20
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
5. INCOME FROM CHARITABLE ACTIVITIES - continued
INCOME FROM CHARITABLE ACTIVITIES - THE CHARITY
| Activity Covid grants (governmental) Resource centre operations Job Retention Scheme payments Resource centre operations Transport income Resource centre operations Miscellaneous Resource centre operations Photocopy income Resource centre operations Lettings income Resource centre operations Food and drink recovered Resource centre operations Day care recharge Resource centre operations Finance and administration services Resource centre operations Membership income Resource centre operations Help at Home recharge Resource centre operations Broadband income Resource centre operations 6. RAISING FUNDS Raising donations and legacies Fundraising costs The above fundraising costs amounts are for both the group and 7. CHARITABLE ACTIVITIES COSTS - GROUP Resource centre operations Bell View Care Limited operations Bell View Help at Home Limited operations CHARITABLE ACTIVITIES COSTS - THE CHARITY Resource centre operations |
the charity. Direct Costs £ 301,913 168,220 791,280 1,261,413 Direct Costs £ 304,195 |
2023 £ - - 18,678 1,641 1,651 9,698 1,281 13,149 20,133 260 6,798 240 73,529 2023 £ 233 Support costs (see note 8) £ 20,203 20,203 Support costs (see note 8) £ 20,203 |
2022 £ 12,167 4,454 14,144 1,133 1,377 6,388 201 10,671 5,807 210 6,589 240 63,381 2022 £ 425 Totals £ 322,116 168,220 791,280 1,281,616 Totals £ 324,398 |
|---|---|---|---|
continued...
Page 21
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
8. SUPPORT COSTS
Resource centre operations
Governance costs £ 20,203
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Auditors' remuneration for auditing accounts Auditors' remuneration for accountancy services Depreciation - owned assets Goodwill amortisation Auditors'/ Examiner's remuneration for accountancy services to the subsidiaries |
2023 £ 2,900 4,362 63,863 408 3,603 |
2022 £ 2,700 4,093 58,799 340 3,400 |
|---|---|---|
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023.
Trustees' expenses
No trustees received more than £100 expenses reimbursement in this financial year.
11. ANALYSIS OF STAFF COSTS AND THE COST OF KEY MANAGEMENT PERSONNEL
| GROUP Salaries and wages Social security costs Pension costs THE CHARITY Salaries and wages Social security costs Pension costs |
2023 £ 882,640 60,293 14,034 956,967 2023 £ 146,757 10,334 3,314 160,405 |
2022 £ 910,787 59,855 14,055 |
|---|---|---|
| 984,697 | ||
| 2022 £ 157,975 12,070 4,217 |
||
| 174,262 |
The aggregate remuneration of the group's key management personnel in the year amounted to £162,302 (2022: £187,505). The aggregate remuneration of the charity's key management personnel in the year amounted to £96,415 (2022: £126,844).
The average number of employees for the charity alone during the year was 10 (2022: 9). The average number of employees for Bell View Care Limited during the year was 7 (2022: 6) and the average number of employees for Bell View Help at Home Limited during the year was 35 (2022: 38).
continued...
Page 22
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
11. ANALYSIS OF STAFF COSTS AND THE COST OF KEY MANAGEMENT PERSONNEL - continued
No employees received emoluments in excess of £60,000.
12. COMPARATIVES FOR THE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Resource centre operations Bell View Care Limited operations Bell View Help at Home Limited operations Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Resource centre operations Bell View Care Limited operations Bell View Help at Home Limited operations Tax on activities Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 77,927 28,793 176,576 915,412 11,394 225 1,210,327 425 154,902 135,774 835,810 11,081 1,137,992 72,335 359,569 431,904 |
Restricted funds £ 93,142 - - - - - 93,142 - 135,908 - - - 135,908 (42,766) 924,824 882,058 |
Total funds £ 171,069 28,793 176,576 915,412 11,394 225 |
|---|---|---|---|
| 1,303,469 | |||
| 425 290,810 135,774 835,810 11,081 |
|||
| 1,273,900 | |||
| 29,569 1,284,393 |
|||
| 1,313,962 |
All income and expenditure arose from continuing activities.
continued...
Page 23
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - THE CHARITY
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Resource centre operations Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Resource centre operations Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 14. INTANGIBLE FIXED ASSETS COST At 1 April 2022 and 31 March 2023 AMORTISATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
Unrestricted funds £ 92,926 63,381 11,394 138 167,839 425 154,518 154,943 12,896 236,762 249,658 |
Restricted funds £ 93,142 - - - 93,142 - 135,908 135,908 (42,766) 924,824 882,058 |
Total funds £ 186,068 63,381 11,394 138 260,981 425 290,426 290,851 (29,870) 1,161,586 1,131,716 Goodwill £ 34,080 30,340 408 30,748 3,332 3,740 |
|---|---|---|---|
continued...
Page 24
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
14. INTANGIBLE FIXED ASSETS - continued
Goodwill cost of £4,080 represents the amount paid by Bell View Help at Home Limited in connection with the acquisition of a business in 2021. Bell View Help at Home Limited is amortising goodwill evenly over its estimated useful life of ten years. Goodwill cost of £30,000 represents the amount paid by Bell View Care Limited in connection with the acquisition of a business in 2008. Bell View Care Limited amortised goodwill evenly over its estimated useful life of ten years.
15. TANGIBLE FIXED ASSETS - GROUP
| COST At 1 April 2022 Additions Disposals At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year Eliminated on disposal At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 COST At 1 April 2022 Additions Disposals At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year Eliminated on disposal At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
Fixtures and fittings £ 68,067 - - 68,067 63,145 739 - 63,884 4,183 4,922 |
Long leasehold property £ 1,182,576 - - 1,182,576 425,725 23,652 - 449,377 733,199 756,851 Motor vehicles £ 198,757 32,727 (21,199) 210,285 165,479 34,327 (18,564) 181,242 29,043 33,278 |
Plant and machinery £ 12,773 8,184 - 20,957 7,510 1,617 - 9,127 11,830 5,263 Computer equipment £ 2,325 - - 2,325 2,325 - - 2,325 - - |
Office equipment £ 21,727 - - 21,727 13,268 3,528 - 16,796 4,931 8,459 Totals £ 1,486,225 40,911 (21,199) 1,505,937 677,452 63,863 (18,564) 722,751 783,186 808,773 |
|---|---|---|---|---|
Page 25
continued...
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
15. TANGIBLE FIXED ASSETS - continued
A lease was granted by Northumberland County Council to the charitable company for a period of 999 years commencing 6th October 2003.
TANGIBLE FIXED ASSETS - THE CHARITY
| COST At 1 April 2022 Additions At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 COST At 1 April 2022 Additions At 31 March 2023 DEPRECIATION At 1 April 2022 Charge for year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 |
Fixtures and fittings £ 67,130 - 67,130 62,208 739 62,947 4,183 4,922 |
Long leasehold property £ 1,182,576 - 1,182,576 425,725 23,652 449,377 733,199 756,851 Motor vehicles £ 158,808 32,727 191,535 142,649 24,340 166,989 24,546 16,159 |
Plant and machinery £ - 8,184 8,184 - 818 818 7,366 - Computer equipment £ 2,325 - 2,325 2,325 - 2,325 - - |
Office equipment £ 4,558 - 4,558 4,498 15 4,513 45 60 Totals £ 1,415,397 40,911 1,456,308 637,405 49,564 686,969 769,339 777,992 |
|---|---|---|---|---|
Page 26
continued...
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 16. DEBTORS - GROUP Amounts falling due within one year: Trade debtors Other debtors Prepayments Accrued income Amounts falling due after more than one year: Deferred tax asset Aggregate amounts DEBTORS - THE CHARITY Amounts falling due within one year: Other debtors Loan to subsidiary Prepayments Amounts falling due after more than one year: Loan to subsidiary Aggregate amounts |
2023 £ 67,426 26,048 13,896 427 107,797 1,412 109,209 2023 £ 5,552 1,923 6,746 14,221 12,857 **27,078 ** |
2022 £ 52,030 30,018 11,891 1,681 |
|
|---|---|---|---|
| 95,620 | |||
| - | |||
| 95,620 | |||
| 2022 £ 4,829 4,700 1,785 11,314 14,784 26,098 |
continued...
Page 27
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - GROUP
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - GROUP | ||
|---|---|---|
| Bank loans and overdrafts (see note 19) Other loans (see note 19) Trade creditors Tax Social security and other taxes VAT Other creditors Funds held on behalf of Belford Art Group Accruals and deferred income |
2023 £ 9,847 4,328 5,222 3,980 14,427 6,129 12,112 31 139,909 195,985 |
2022 £ 9,847 5,100 7,659 12,968 15,594 5,292 15,309 31 132,572 |
| 204,372 |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - THE CHARITY
| Bank loans and overdrafts Other creditors Funds held on behalf of Belford Art Group Accruals and deferred income |
2023 £ 5,514 13,210 31 42,805 61,560 |
2022 £ 5,514 15,562 31 36,831 |
|---|---|---|
| 57,938 |
18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - GROUP
| Bank loans (see note 19) Other loans (see note 19) |
2023 £ 63,384 - **63,384 ** |
2022 £ 73,231 4,464 |
|---|---|---|
| 77,695 |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - THE CHARITY
| Bank loans and overdrafts | 2023 £ **36,301 ** |
2022 £ 41,815 |
|---|---|---|
continued...
Page 28
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
19. LOANS - GROUP
An analysis of the maturity of loans is given below:
| Amounts falling due within one year on demand: Bounce back loans Big Issue Invest loans Amounts falling between one and two years: Bounce back loans Big Issue Invest loans Amounts falling due between two and five years: Bounce back loans Amounts falling due in more than five years: Repayable by instalments: Bounce back loan LOANS - THE CHARITY An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bounce back loan Amounts falling between one and two years: Bounce back loan Amounts falling due between two and five years: Bounce back loan Amounts falling due in more than five years: Repayable by instalments: Bounce back loan |
2023 £ 9,847 4,328 14,175 9,847 - 9,847 29,542 23,995 2023 £ 5,514 5,514 16,542 **14,245 ** |
2022 £ 9,847 5,100 |
|---|---|---|
| 14,947 | ||
| 9,847 4,464 |
||
| 14,311 | ||
| 29,542 | ||
| 33,842 2022 £ 5,514 5,514 16,542 19,759 |
continued...
Page 29
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
20. PROVISIONS FOR LIABILITIES - GROUP
| PROVISIONS FOR LIABILITIES - GROUP | ||
|---|---|---|
| Deferred tax PROVISIONS FOR LIABILITIES - THE CHARITY |
2023 £ 901 2023 £ - |
2022 £ 263 |
| 2022 £ - |
continued...
Page 30
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
21. MOVEMENT IN FUNDS
| Unrestricted funds Unrestricted revenue fund Designated future staffing fund Designated transport fund Designated Bringo fund Designated running costs fund Designated building refurbishment and replacement fund Designated new project fund Designated redundancy and sickness cover fund Designated loss of grant income fund Designated future project fund Designated infrastructure fund Restricted funds Groups fund Building fund General equipment fund Community support fund Bringo fund Transport fund Potting shed fund Gym project fund Cultural events fund Arts engagement project fund Wheelchair replacement fund First aid fund Arts, crafts and therapy project fund Queen's Jubilee/tea dances fund Asset based community development fund Training fund Walking for health fund Cornhill Easter/Christmas project fund Silver singers fund Gentle exercise group fund Replacement boilers fund Men's project fund National Lottery Community Fund Food project fund IT project fund New generator fund Recliner chairs fund Warm hub fund TOTAL FUNDS |
At 1.4.22 £ 186,944 80,799 50,000 10,000 23,774 40,000 10,000 30,387 - - - 431,904 99 769,568 4,307 8,199 24,789 10,234 9 1,170 305 214 1,444 954 235 200 1,071 1,042 267 223 1,251 902 12 15,500 36,532 3,474 57 - - - 882,058 **1,313,962 ** |
Net movement in funds £ 60,869 - - - - - - - - - - 60,869 118 (23,652) (650) - (8,719) (10,234) 3,000 (1,015) - - (60) (339) - 305 (363) - - - 1,080 1,125 - - (33,131) (4,048) - 5,400 3,144 4,914 (63,125) **(2,256) ** |
Transfers between funds £ (10,086) (13,621) (40,000) (10,000) 17,774 (20,000) (10,000) (15,567) 65,000 10,000 26,500 - - - - - - - - - - - - - - - - - - - - - (12) - - - - 12 - - - - |
At 31.3.23 £ 237,727 67,178 10,000 - 41,548 20,000 - 14,820 65,000 10,000 26,500 492,773 217 745,916 3,657 8,199 16,070 - 3,009 155 305 214 1,384 615 235 505 708 1,042 267 223 2,331 2,027 - 15,500 3,401 (574) 57 5,412 3,144 4,914 818,933 1,311,706 |
|---|---|---|---|---|
continued...
Page 31
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
21. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted revenue fund Restricted funds Groups fund Building fund General equipment fund Bringo fund Transport fund Potting shed fund Gym project fund Wheelchair replacement fund First aid fund Queen's Jubilee/tea dances fund Asset based community development fund Silver singers fund Gentle exercise group fund Housing project fund Community transport costs fund National Lottery Community Fund Food project fund New generator fund Recliner chairs fund Warm hub fund Christmas gift project fund TOTAL FUNDS |
Incoming resources £ 1,206,778 118 - - - - 3,000 - 190 1 3,900 - 1,600 3,200 9,100 1,585 36,851 - 6,000 3,300 6,975 200 76,020 1,282,798 |
Resources expended £ (1,145,909) - (23,652) (650) (8,719) (10,234) - (1,015) (250) (340) (3,595) (363) (520) (2,075) (9,100) (1,585) (69,982) (4,048) (600) (156) (2,061) (200) (139,145) (1,285,054) |
Movement in funds £ 60,869 118 (23,652) (650) (8,719) (10,234) 3,000 (1,015) (60) (339) 305 (363) 1,080 1,125 - - (33,131) (4,048) 5,400 3,144 4,914 - (63,125) **(2,256) ** |
|---|---|---|---|
continued...
Page 32
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
21. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds Unrestricted revenue fund Designated future staffing fund Designated transport fund Designated Bringo fund Designated running costs fund Designated building refurbishment and replacement fund Designated new project fund Designated redundancy and sickness cover fund Restricted funds Groups fund Building fund General equipment fund Community support fund Bringo fund Transport fund Potting shed fund Gym project fund Cultural events fund Digital inclusion project fund Arts engagement project fund Wheelchair replacement fund First aid fund Arts, crafts and therapy project fund Queen's Jubilee/tea dances fund Men's cooking sessions fund Asset based community development fund Training fund Replacement chairs fund Walking for health fund Cornhill Easter/Christmas project fund Silver singers fund Gentle exercise group fund Replacement boilers fund Hospital visiting fund Men's project fund Transport costs fund Community transport costs fund National Lottery Community Fund Food project fund Fogging machine fund IT project fund |
At 1.4.21 £ 128,886 69,475 50,000 - 26,550 40,000 10,000 34,658 359,569 1,287 793,220 5,072 7,067 15,517 20,470 9 1,858 305 1,429 214 2,444 1,021 235 305 1,500 1,071 1,558 149 267 223 1,976 2,552 1,245 1,000 15,000 7,800 681 33,752 5,552 (28) 73 924,824 |
Net movement in funds £ 72,335 - - - - - - - 72,335 (56) (23,652) (765) - 9,272 (10,236) - (688) - (1,429) - (1,000) (67) - (105) - - (516) - - - (725) (1,650) (1,354) (1,000) (1,000) (7,800) (681) 2,780 (2,078) - (16) (42,766) |
Transfers between funds £ (14,277) 11,324 - 10,000 (2,776) - - (4,271) - (1,132) - - 1,132 - - - - - - - - - - - (1,500) - - (149) - - - - 121 - 1,500 - - - - 28 - - |
At 31.3.22 £ 186,944 80,799 50,000 10,000 23,774 40,000 10,000 30,387 |
|---|---|---|---|---|
| 431,904 99 769,568 4,307 8,199 24,789 10,234 9 1,170 305 - 214 1,444 954 235 200 - 1,071 1,042 - 267 223 1,251 902 12 - 15,500 - - 36,532 3,474 - 57 |
||||
| 882,058 |
continued...
Page 33
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 21. MOVEMENT IN FUNDS - continued TOTAL FUNDS |
1,284,393 | 29,569 | - | 1,313,962 |
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted revenue fund Restricted funds Groups fund Building fund General equipment fund Bringo fund Transport fund Gym project fund Digital inclusion project fund Wheelchair replacement fund First aid fund Queen's Jubilee/tea dances fund Training fund Silver singers fund Gentle exercise group fund Replacement boilers fund Hospital visiting fund Men's project fund Transport costs fund Community transport costs fund National Lottery Community Fund Food project fund IT project fund TOTAL FUNDS |
Incoming resources £ 1,210,327 569 - - 16,000 - 1,800 - - - - - - - - - - - 3,327 67,438 4,008 - 93,142 1,303,469 |
Resources expended £ (1,137,992) (625) (23,652) (765) (6,728) (10,236) (2,488) (1,429) (1,000) (67) (105) (516) (725) (1,650) (1,354) (1,000) (1,000) (7,800) (4,008) (64,658) (6,086) (16) (135,908) (1,273,900) |
Movement in funds £ 72,335 (56) (23,652) (765) 9,272 (10,236) (688) (1,429) (1,000) (67) (105) (516) (725) (1,650) (1,354) (1,000) (1,000) (7,800) (681) 2,780 (2,078) (16) (42,766) 29,569 |
|---|---|---|---|
continued...
Page 34
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
21. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds Unrestricted revenue fund Designated future staffing fund Designated transport fund Designated running costs fund Designated building refurbishment and replacement fund Designated new project fund Designated redundancy and sickness cover fund Designated loss of grant income fund Designated future project fund Designated infrastructure fund Restricted funds Groups fund Building fund General equipment fund Community support fund Bringo fund Transport fund Potting shed fund Gym project fund Cultural events fund Digital inclusion project fund Arts engagement project fund Wheelchair replacement fund First aid fund Arts, crafts and therapy project fund Queen's Jubilee/tea dances fund Men's cooking sessions fund Asset based community development fund Training fund Replacement chairs fund Walking for health fund Cornhill Easter/Christmas project fund Silver singers fund Gentle exercise group fund Replacement boilers fund Hospital visiting fund Men's project fund Transport costs fund Community transport costs fund National Lottery Community Fund Food project fund Fogging machine fund IT project fund New generator fund |
At 1.4.21 £ 128,886 69,475 50,000 26,550 40,000 10,000 34,658 - - - 359,569 1,287 793,220 5,072 7,067 15,517 20,470 9 1,858 305 1,429 214 2,444 1,021 235 305 1,500 1,071 1,558 149 267 223 1,976 2,552 1,245 1,000 15,000 7,800 681 33,752 5,552 (28) 73 - |
Net movement in funds £ 133,204 - - - - - - - - - 133,204 62 (47,304) (1,415) - 553 (20,470) 3,000 (1,703) - (1,429) - (1,060) (406) - 200 - (363) (516) - - - 355 (525) (1,354) (1,000) (1,000) (7,800) (681) (30,351) (6,126) - (16) 5,400 |
Transfers between funds £ (24,363) (2,297) (40,000) 14,998 (20,000) (10,000) (19,838) 65,000 10,000 26,500 - (1,132) - - 1,132 - - - - - - - - - - - (1,500) - - (149) - - - - 109 - 1,500 - - - - 28 - 12 |
At 31.3.23 £ 237,727 67,178 10,000 41,548 20,000 - 14,820 65,000 10,000 26,500 492,773 217 745,916 3,657 8,199 16,070 - 3,009 155 305 - 214 1,384 615 235 505 - 708 1,042 - 267 223 2,331 2,027 - - 15,500 - - 3,401 (574) - 57 5,412 |
|---|---|---|---|---|
Page 35
continued...
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
| 21. MOVEMENT IN FUNDS - continued Recliner chairs fund Warm hub fund TOTAL FUNDS |
- - 924,824 1,284,393 |
3,144 4,914 (105,891) 27,313 |
- - - - |
3,144 4,914 |
|---|---|---|---|---|
| 818,933 | ||||
| 1,311,706 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted revenue fund Restricted funds Groups fund Building fund General equipment fund Bringo fund Transport fund Potting shed fund Gym project fund Digital inclusion project fund Wheelchair replacement fund First aid fund Queen's Jubilee/tea dances fund Asset based community development fund Training fund Silver singers fund Gentle exercise group fund Replacement boilers fund Hospital visiting fund Men's project fund Housing project fund Transport costs fund Community transport costs fund National Lottery Community Fund Food project fund IT project fund New generator fund Recliner chairs fund Warm hub fund Christmas gift project fund TOTAL FUNDS |
Incoming resources £ 2,417,105 687 - - 16,000 - 3,000 1,800 - 190 1 3,900 - - 1,600 3,200 - - - 9,100 - 4,912 104,289 4,008 - 6,000 3,300 6,975 200 169,162 2,586,267 |
Resources expended £ (2,283,901) (625) (47,304) (1,415) (15,447) (20,470) - (3,503) (1,429) (1,250) (407) (3,700) (363) (516) (1,245) (3,725) (1,354) (1,000) (1,000) (9,100) (7,800) (5,593) (134,640) (10,134) (16) (600) (156) (2,061) (200) (275,053) (2,558,954) |
Movement in funds £ 133,204 62 (47,304) (1,415) 553 (20,470) 3,000 (1,703) (1,429) (1,060) (406) 200 (363) (516) 355 (525) (1,354) (1,000) (1,000) - (7,800) (681) (30,351) (6,126) (16) 5,400 3,144 4,914 - (105,891) 27,313 |
|---|---|---|---|
Page 36
continued...
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
22. SUBSIDIARY COMPANIES
Bell View Care Limited is a Single Member Private Limited Company (registered company number 06482634) and Bell View (Belford) is its sole member. Bell View Care Limited is a company limited by guarantee and has no share capital. The sole member of the company (as represented by its governing body for the time being) undertakes to contribute to the assets of the company, in the event of it being wound up while it is a member or within one year after it ceases to be a member, for payment of the debts and liabilities of the company contracted before it ceases to be a member such amount as may be required not exceeding one pound.
Bell View Care Limited provides day care facilities and ancillary services and has some Directors in common with Bell View (Belford).
Bell View Help at Home Limited is a Single Member Private Limited Company (registered company number 08557330) and Bell View (Belford) is its sole member. Bell View Help at Home Limited is a company limited by guarantee and has no share capital. The sole member of the company (as represented by its governing body for the time being) undertakes to contribute to the assets of the company, in the event of it being wound up while it is a member or within one year after it ceases to be a member, for payment of the debts and liabilities of the company contracted before it ceases to be a member such amount as may be required not exceeding one pound.
Bell View Help at Home Limited provides care and support to people in their own homes and has some Directors in common with Bell View (Belford).
Summary profit and loss accounts and balance sheets of the subsidiaries alone are:
| Bell View Care Limited Turnover and other operating income Cost of sales and administrative expenses Interest receivable Interest payable Profit before tax Tax on profit Profit after tax Amount gift aided to the charity Retained in subsidiary Fixed assets Current assets Creditors due within one year Creditors due after more than one year Net assets Reserves |
2023 £ 223,558 (204,378) 179 (844) 18,515 (2,567) 15,948 (10,000) 5,948 2,124 133,435 (37,501) (27,083) 70,975 **70,975 ** |
2022 £ 179,961 (162,631) 8 (702) 16,636 (1,729) 14,907 - 14,907 5,161 111,431 (20,149) (31,416) 65,027 65,027 |
|---|---|---|
continued...
Page 37
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
22. SUBSIDIARY COMPANIES - continued
| Bell View Help at Home Limited Turnover and other operating income Cost of sales and administrative expenses Interest receivable Interest payable Profit before tax Tax on profit Profit after tax Amount gift aided to the charity Retained in subsidiary Fixed assets Current assets Creditors due within one year Creditors due after more than one year Provisions for liabilities Net assets Reserves |
2023 £ 878,604 (809,894) 873 (505) 69,078 (638) 68,440 (20,000) 48,440 15,054 268,642 (104,280) (12,857) (901) 165,658 **165,658 ** |
2022 £ 915,412 (845,747) 79 (861) 68,883 (9,352) 59,531 (15,000) 44,531 29,359 242,269 (134,899) (19,248) (263) 117,218 117,218 |
|---|---|---|
RELATED PARTY DISCLOSURES
During the year, the charity invoiced Bell View Care Limited £14,215 for transport, £13,149 for premises, £9,006 for financial management support and £198 for subscriptions. £2,843 was outstanding at the year end and has since been paid.
During the year, the charity was invoiced by Bell View Care Limited £1,404 for employee costs, £41 for stationery and £498 for catering. £312 was outstanding at the year end and has since been paid.
The charity has 2 loans to Bell View Help at Home Limited. At 31 March 2023 the amounts repayable within one year were £1,923 and the amounts falling due after more than one year were £12,857.
During the year, the charity invoiced Bell View Help at Home Limited £6,798 for premises, £198 for subscriptions, £731 for transport, £240 for broadband, £25 for photocopying and £11,127 for financial management support. Bell View Help at Home Limited was in credit by £1,659 at the year end and that amount has since been applied in full against subsequent invoices.
During the year, the charity was invoiced by Bell View Help at Home Limited £570 for employee costs and £165 for advertising. No amount was outstanding at the year end.
During the year, Bell View Help at Home Limited invoiced Bell View Care Limited £354 for training and £80 for advertising. £354 was outstanding at the year end and has since been paid.
In the year ended 31 March 2023, the charity received gift aid donations from Bell View Help at Home Limited in the sum of £20,000 and from Bell View Care Limited in the sum of £10,000.
continued...
Page 38
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
23. ANALYSIS OF NET ASSETS BETWEEN FUNDS - GROUP
| Unrestricted funds Unrestricted revenue fund Designated future staffing fund Designated transport fund Designated running costs fund Designated building refurbishment and replacement fund Designated redundancy and sickness cover fund Designated loss of grant income fund Designated future project fund Designated infrastructure fund Restricted funds Groups fund Building fund General equipment fund Community support fund Bringo fund Potting shed fund Gym project fund Cultural events fund Arts engagement project fund Wheelchair replacement fund First aid fund Arts, crafts and therapy project fund Queen's Jubilee/tea dances fund Asset based community development fund Training fund Walking for health fund Cornhill Easter/Christmas project fund Silver singers fund Gentle exercise group fund Men's project fund National Lottery Community Fund Food project fund IT project fund New generator fund Recliner chairs fund Warm hub fund TOTAL FUNDS |
Fixed assets £ 28,192 - - - - - - - - 28,192 - 733,199 3,657 - 16,070 - - - - - - - - - - - - - - - - - - 5,400 - - 758,326 786,518 |
Cash at bank and in hand Other net assets / (liabilities) £ £ 360,596 (151,061) 67,178 - 10,000 - 41,548 - 20,000 - 14,820 - 65,000 - 10,000 - 26,500 - 615,642 (151,061) 217 - 12,717 - - - 8,199 - - - 3,009 - 155 - 305 - 214 - 1,384 - 615 - 235 - 505 - 708 - 1,042 - 267 - 223 - 2,331 - 2,027 - 15,500 - 3,401 - (574) - 57 - 12 - 3,144 - 4,914 - 60,607 - 676,249 (151,061) |
Total £ 237,727 67,178 10,000 41,548 20,000 14,820 65,000 10,000 26,500 492,773 217 745,916 3,657 8,199 16,070 3,009 155 305 214 1,384 615 235 505 708 1,042 267 223 2,331 2,027 15,500 3,401 (574) 57 5,412 3,144 4,914 818,933 1,311,706 |
|---|---|---|---|
continued...
Page 39
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
24. ANALYSIS OF NET ASSETS BETWEEN FUNDS - THE CHARITY
| Unrestricted funds Unrestricted revenue fund Designated future staffing fund Designated transport fund Designated running costs fund Designated building refurbishment and replacement fund Designated redundancy and sickness cover fund Designated loss of grant income fund Designated future project fund Designated infrastructure fund Restricted funds Groups fund Building fund General equipment fund Community support fund Bringo fund Potting shed fund Gym project fund Cultural events fund Arts engagement project fund Wheelchair replacement fund First aid fund Arts, crafts and therapy project fund Queen's Jubilee/tea dances fund Asset based community development fund Training fund Walking for health fund Cornhill Easter/Christmas project fund Silver singers fund Gentle exercise group fund Men's project fund National Lottery Community Fund Food project fund IT project fund New generator fund Recliner chairs fund Warm hub fund TOTAL FUNDS |
Fixed assets £ 11,013 - - - - - - - - 11,013 - 733,199 3,657 - 16,070 - - - - - - - - - - - - - - - - - - 5,400 - - 758,326 769,339 |
Cash at bank and in hand Other net assets / (liabilities) £ £ 60,864 (70,783) 67,178 - 10,000 - 41,548 - 20,000 - 14,820 - 65,000 - 10,000 - 26,500 - 315,910 (70,783) 217 - 12,717 - - - 8,199 - - - 3,009 - 155 - 305 - 214 - 1,384 - 615 - 235 - 505 - 708 - 1,042 - 267 - 223 - 2,331 - 2,027 - 15,500 - 3,401 - (574) - 57 - 12 - 3,144 - 4,914 - 60,607 - 376,517 (70,783) |
Total £ 1,094 67,178 10,000 41,548 20,000 14,820 65,000 10,000 26,500 256,140 217 745,916 3,657 8,199 16,070 3,009 155 305 214 1,384 615 235 505 708 1,042 267 223 2,331 2,027 15,500 3,401 (574) 57 5,412 3,144 4,914 818,933 1,075,073 |
|---|---|---|---|
continued...
Page 40
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
25. UNRESTRICTED FUNDS
Unrestricted revenue fund
The unrestricted revenue fund contains the amount required for unforeseen events and working capital.
Designated funds
Designated funds represent funds earmarked by the trustees for particular purposes and at the year end the fund balances were as follows:
| Future staffing fund Transport fund Running costs fund Building refurbishment and replacement fund Redundancy and sickness cover fund Loss of grant income fund Future project fund Infrastructure fund |
£ 67,178 10,000 41,548 20,000 14,820 65,000 10,000 26,500 255,046 |
|---|---|
Future Staffing Fund
Income accumulations are retained to a level that is sufficient to fund salaries of the core staff for 6 months.
Transport Fund
Funds to provide towards replacement of vehicles as European grant funding is no longer be available.
Running Costs Fund
The running costs are calculated on one half of the budgeted overheads for the next financial year, excluding the amount for staff costs which are included in the Designated Staffing Fund.
Building Refurbishment and Replacement
Funds held to allow for planned expenditure on building maintenance and to allow for urgent unpredicted building issues.
Redundancy and Sickness Cover
Funds designated to cover all eligible members of staff with regard to statutory redundancy and a provision for long term sickness, cover calculated on one senior post. This fund takes into account terms of employment as set out in employee contracts.
Loss of Grant Income Fund
As a result of a multi year grant which is due to end on 31 March 2024 these funds have been designated to provide income for charitable activities for a period of up to twelve months, whilst other funding streams and opportunities are explored.
Future Project Fund
Funds to allow for a prompt response to identified needs when funding projects at their inception.
Infrastructure Fund
Funds designated for investing in technology to provide effective and efficient digital, data and IT systems.
continued...
Page 41
BELL VIEW (BELFORD)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
26. RESTRICTED FUNDS
Groups fund
The restricted groups fund represents grants received for groups run by the charity.
At the year end, the restricted groups fund was made up as follows:
Digital camera group
£ 217
Staff fund
The restricted staff fund represents grants received to employ staff for specific projects.
Building fund
The restricted building fund represents grants and donations for the building and development of the day care centre and resource centre.
General equipment fund
The restricted general equipment fund represents grants and donations received for the purchase of fixed assets and the fund balance is represented by the net book value of the following fixed assets:
| Fixtures and fittings Potting shed Projector |
£ 2,510 1,124 23 3,657 |
|---|---|
National Lottery Community Fund - RC North East and Cumbrian Region
The restricted National Lottery Community Fund is to fund the continuation and expansion of services throughout the Bell View project area.
Bringo fund
This represents grants and donations received to purchase bringo vehicles which are used for the accessible community transport project and grants for running costs associated with this project.
New Generator Fund
Grants and donations for a generator, which has now been purchased, to ensure the Centre can be part of a coordinated response in the event of an emergency.
All other restricted funds listed relate to projects as defined by their titles.
Page 42