## **BELMONT PARISH HALL ASSOCIATION**
## **Balance Sheet At 31 December 2020**
|**FIXED ASSETS - Note 2**
Property
Fixtures and Fittings
**CURRENT ASSETS**
Cash on Hand
Debtors and Prepayments
**Bank Accounts:**
Barclays
Virgin Money
**CURRENT LIABILITIES**
Creditors
Advanced Payments and Deferred income:
Donations Reserve - note 3
**NET CURRENT ASSETS**
**TOTAL NET ASSETS**
**REPRESENTED BY**
Income Reserves
Restricted Funds:
Music Reserve - note 4
**TOTAL FUNDS**
**Rev Canon H Murray**
**Chairman of Trustees**
******************* 2021**|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|
Page 3
## **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|
Page 4
## **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|
Page 5
## **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