2020-12-31-accounts - Belmont Parish Hall Association

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BELMONT PARISH HALL ASSOCIATION

Balance Sheet At 31 December 2020

298 238 15,352 49,662	2020 455,908 0	290 0 6,003 54,237	2019 469,285 0
	455,908 £53,404		469,285 £49,452
65,550 290 467,764		60,530 290 480,073
468,054 -402,504		480,363 -419,833
53,404 0		49,452 0
			49,452
Page 2

BELMONT PARISH HALL ASSOCIATION

Income and Expenditure Account

Year to 31 December 2020

INCOMING RESOURCES Bank interest Rental income Donations, grants, events and memberships Grant amortisation TOTAL INCOMING RESOURCES EXPENDITURE Office and sundry administration costs 158 Telephone and internet 575 Rent Bad debt / refunds 22 Water 308 Gas 674 Electric 1,444 Manager's salary 8,092 Pension contributions 144 Cleaner's salary 3,719 Repairs, maintenance and equipment 5,897 Music and events expenses 1,098 Insurance 1,623 Depreciation 13,377 Accountancy 290 TOTAL EXPENDITURE NET INCOMING RESOURCES FOR YEAR NET INCOMING RESOURCES BROUGHT FORWARD FORWARD TRANSFER FROM MUSIC / SPECIAL RESERVE NET INCOMING RESOURCES AT 31 DECEMBER 2020	158 575 22 308 674 1,444 8,092 144 3,719 5,897 1,098 1,623 13,377 290	2020 426 10,203 18,435 12,309	511 740 600 512 1,252 2,056 8,104 132 3,873 16,746 2,615 1,095 13,377 290	2019 480 21,703 10,237 12,309
		41,373 37,421		44,729 51,903

		3,952 £49,452		-7,174 £56,626
		0 £53,404		0 £49,452

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BELMONT PARISH HALL ASSOCIATION

Notes to the Accounts

Year to 31 December 2020

1. ACCOUNTING POLICIES

These accounts have been prepared under the historic cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting by Charities.

2. FIXED ASSETS

Land and Buildings - Expenditure on the hall has been capitalised as follows:

Brought forward Depreciation brought forward Depreciation charge for year Depreciation carried forward Per Balance Sheet	668,850
	199,565 13,377
	212,942
	£455,908

This will be depreciated via the income and expenditure account over the expected useful life of the asset of 50 years from 2005.

Fixtures and Fittings

Brought forward Depreciation brought forward Depreciation charge for year Depreciation carried forward Per Balance Sheet	19,701
	19,701 0
	19,701
	£0

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BELMONT PARISH HALL ASSOCIATION

Notes to the Accounts

Year to 31 December 2020

3. DONATIONS RESERVE

Restricted income towards the building of the new hall in the form of donations and gifts was received in the year as follows:

Total brought forward Total received to date Amortisation brought forward Amortisation for year Amortisation carried forward Per Balance Sheet	668,591
	668,591
	188,518 12,309
	200,827
	£467,764

This will be amortised to the income and expenditure account over the expected useful life of the hall of 50 years from 2005.

4. MUSIC RESERVE

The Music Reserve is a separate fund for extraordinary expenditure on musical equipment and activities. In 2016 the Trustees decided to transfer the balance to the general reserves of the Association on the basis they are sufficient to meet any future extraordinary costs.

Balance Brought Forward Transfer to general reserve Balance at 31st December 2020	0 0
	£0

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BELMONT PARISH HALL ASSOCIATION

Notes to the Accounts

Year to 31 December 2020

5. INDEPENDENT EXAMINER

Fees of £290 (2019 £290) were paid in the year to Mr T J Hardman for preparing the annual accounts and in his position as Independent Examiner of the Charity's accounts.

6. TRUSTEE REMUNERATION AND EXPENSES

No remuneration or expenses was paid either directly or indirectly out of the funds of the Charity to any Trustee or any person or persons known to be connected with any Trustee during the year to 31 December 2020.

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE BELMONT PARISH HALL ASSOCIATION

I report on the accounts of the Belmont Parish Hall Association for the year ended 31 December 2020 which are set out on the enclosed pages.

Respective Responsibilities of Trustee and Examiner

As Trustees of the Belmont Parish Hall Association you are responsible for the preparation of the accounts and you consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to

examine the accounts under Section 145 of the 2011 Act,
to follow the procedures laid down in the general Directions given by the Charity Commissioners under section 145(5)(b) of the Act; and
to state whether any particular matters have come to my attention.

Basis of Independent Examiners Report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes a consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

1) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act;
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

2) to which , in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

T J Hardman CTA 7 Elvet Waterside Durham City DH1 3DA

15 February 2021 Page 7