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2025-04-05-accounts

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BELZ COMMUNITIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025

The trustees have pleasure in presenting their report and the financial statements of the charitable trust for the year ended 5 April 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities’ issued in March 2005 in preparing the financial statements of the Charity.

OBJECTIVES OF BELZ COMMUNITIES

PUBLIC BENEFIT

The trustees have referred to the guidance contained in the Charity Commissioners general guidance on public benefit when reviewing the trusts aims and objectives, and in planning future activities and setting the grant policy for the year.

LEGAL STATUS

The Charitable Trust is constituted by trust deed dated 25 May 2005 which has not been amended.

PRINCIPAL ACTIVITY AND REVIEW OF THE YEAR

The principal activity of the Charity in the year under review was the provision of a community centre and to distribute funds in accordance with its objects.

ORGANISATION

The charity is managed by a committee of the trustees of the Charity.

INVESTMENT POWERS AND RESTRICTIONS

The trustees are authorised to make and hold investments using the general funds of the charity, but no investments were held during this period.

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BELZ COMMUNITIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2025

REVIEW OF FINANCIAL ACTIVITIES AND AFFAIRS

The financial statements for the year showa net profit of £2,699. The trustees consider the financial position of the charity to be satisfactory.

The financial statements conform to current statutory requirements and comply with the Charity's governing documents.

RESERVES POLICY

The charity’s policy is to distribute most of its income in accordance with its objects but hopefully will be able to retain a reserve for unforeseen contingencies. The charity also anticipates making investments to produce income in future years.

REVIEW OF DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS

Belz Communities continued the raising of funds for the purposes of later distribution in accordance with its objects.

THE TRUSTEES

The trustees who served the charitable trust during the year are shown on page 2.

RESPONSIBILITIES OF THE TRUSTEES

The Charities Act 2011 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 charity at the end of the year and of the net incoming or outgoing resources for the year then ended.

In preparing those financial statements, the trustees are required to select suitable accounting policies, as described on page 8, and then apply them on a consistent basis, making judgements and estimates that are reasonable and prudent. The trustees must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will be able to continue.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the detection of fraud and other irregularities.

SIGNED ON BEHALF OF THE TRUSTEES:

J Waldman Trustee 27 January 2025

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BELZ COMMUNITIES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025

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||||||| |---|---|---|---|---|---| |2025|2024| |INCOME|&|EXPENDITURE|£|£| |UNRESTRICTED|FUNDS| |Donations|Received|348,377|221,349| |Interest|115|-| |Rental|Income|11,439|8,418| |359,931|229,767| |LESS RESOURCES|EXPENDED| |Direct|Charitable|Expenditure| |Distributions|125,130|40,679| |Requisites|5,244|20,153| |Wages|133,557|98,573| |Functions,|Food &|Catering,|31,535|38,585| |295,466|197,990| |ADMINISTRATION| |Accountancy|2,160|2,160| |Repairs|and|Maintenance|5,457|4,612| |Legal &|professional|fees|8,119|5,183| |Printing,|Postage,|Stationery &| |Advertising|4,257|302| |Bank|Charges|1,049|932| |Heat &|Light|4,580|560| |Travel|Expenses|and|Events|11,850|9,589| |Depreciation|-|-| |Graphic|Design|and|IT|18,105|-| |Interest|1,947|3,592| |Sundries|4,242|2,331| |61,766|29,261| |TOTAL|RESOURCES|EXPENDED|357,232|227,251| |NET|PROFIT|FOR THE|YEAR|2,699|2,516| |FUND BALANCE AT|6 APRIL|2024|85,464|82,948| |FUND BALANCE AT|5|APRIL|2025|88,163|85,464|

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BELZ COMMUNITIES

BALANCE SHEET AS AT 5 APRIL 2025

2025 2025 2024
Note £ £ £ £
Fixed Assets
Syndicate 2 114,730 105,238
Furniture, Fixtures, Fittings
& Installation 18,653 17,373
133,383 123,391
Current Assets
Cash atbank and in hand 5,351 4,604
Debtor 12,610 10,110
17,961 14,714
Creditors
Payable within one year ~~(29,800)~~ ~~(11,839)~~ ~~(4,478)~~ ~~10,236~~
NetAssets 121,544 133,627
Payable after one year (33,381) (48,163)
NetAssets 88,163 85,464
Represented by:
UnrestrictedFunds 88,163 85,464

Signed on behalf of the board of trustees

J Waldman Trustee 27 January 2026

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BELZ COMMUNITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

1. ACCOUNTING POLICIES Accounting convention

The financial statements have been prepared under the historical cost convention and comply with the Statement of Recommended Practice 2005 'Accounting and Reporting by Charities'.

Incoming Resources

Voluntary income is received by way of donations and gifts and is included gross in the Statement of Financial Activities.

Unrestricted Fund

Unrestricted funds are donations and other income received or generated for the charitable purposes of the trust.

Resources Expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Management and administration

Management and administration costs of the charity relate to the central costs of management including the costs of meetings, independent examiners fees and statutory compliance.

2. SYNDICATE 2025 2024
Equity £ £
Cedar Estate Co Y2% (39,082) (39,082)
Westmid Est Co. 25% 153,812 144,320
114,730 105,238
3. STAFF COSTS 2025 2024
£ £
Wages 130,099 98,573
Pension 1,678
Sundry Services 1,780 ~~-~~
133,557 98,573
Employees 14 11
The trust did not use any unpaid volunteers. No trustee received orwaived any
remuneration during the period, norwas any trustee reimbursed for any out ofpocket
expenses incurred.
4. CREDITORS 2025 2024
£ £
Accruals 11,800 4,260
Loans 18,000 218
29,800 4,478

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BELZ COMMUNITIES

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BELZ COMMUNITIES

T report on the Accounts of the Trust for the year ended 5 April 2025, which are set out on pages 6 to 8.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The Charity is preparing accrued accounts and I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants (England and Wales).

It is my responsibility to:

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 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 given 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 EXAMINERS’ STATEMENT

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

B Olsberg B Olsberg & Co Chartered Accountant Enterprise House 3 Middleton Road Manchester M8 5DT

27 January 2026

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