BELMONT COMMUNITY ASSOCIATION
STATEMENT OF ACCOUNTS
2022
BELMONT COMMUNITY ASSOCIATION
Income and Expenditure Account
| Year to INCOMING RESOURCES Centre: Lettings CWP Hub Parish Council office rent, hirings & re-charges Unallocated School: School - Classroom School - Car Park Performing Arts Block School - Astroturf School - Sports Hall School - Gym School - Field Membership fees: Centre School Grants (see Note 8) Job Retention Scheme Bank interest Misc TOTAL INCOMING RESOURCES EXPENDITURE Wages - Centre Wages - School Cleaning contract Heating and Lighting Water Rates Refuse collection Cleaning Materials Maintenance - routine Maintenance - non budgeted Maintenance Wages Servicing contracts Telephone Printing, Postage, Stationery & IT Insurance |
31 December 2022 2022 38,715.24 1,080.00 5,383.05 45,178.29 0.00 0.00 140.00 11,107.00 4,299.00 29,014.75 14,024.50 6,942.50 65,527.75 425.00 625.00 1,050.00 3,467.00 0.00 303.45 1,045.94 116,572.43 12,799.15 23,702.92 5,387.00 6,899.09 1,516.53 893.88 2,855.72 1,207.56 25,000.00 0.00 3,044.10 568.12 799.99 2,745.38 |
31 December 2022 2022 38,715.24 1,080.00 5,383.05 45,178.29 0.00 0.00 140.00 11,107.00 4,299.00 29,014.75 14,024.50 6,942.50 65,527.75 425.00 625.00 1,050.00 3,467.00 0.00 303.45 1,045.94 116,572.43 12,799.15 23,702.92 5,387.00 6,899.09 1,516.53 893.88 2,855.72 1,207.56 25,000.00 0.00 3,044.10 568.12 799.99 2,745.38 |
2021 20,288.00 1,266.00 4,898.01 26,452.01 0.00 0.00 273.00 5,781.96 1,974.00 14,203.50 9,553.00 5,136.25 36,921.71 0.00 0.00 0.00 23,410.21 9,539.71 340.60 2,150.27 98,814.51 19,094.14 13,379.23 0.00 5,753.74 561.79 454.74 1,529.35 4,860.98 12,476.93 309.56 2,937.14 770.28 735.00 2,633.69 |
2021 20,288.00 1,266.00 4,898.01 26,452.01 0.00 0.00 273.00 5,781.96 1,974.00 14,203.50 9,553.00 5,136.25 36,921.71 0.00 0.00 0.00 23,410.21 9,539.71 340.60 2,150.27 98,814.51 19,094.14 13,379.23 0.00 5,753.74 561.79 454.74 1,529.35 4,860.98 12,476.93 309.56 2,937.14 770.28 735.00 2,633.69 |
|---|---|---|---|---|
| 0.00 273.00 5,781.96 1,974.00 14,203.50 9,553.00 5,136.25 |
||||
| 0.00 0.00 |
||||
| 12,799.15 23,702.92 5,387.00 6,899.09 1,516.53 893.88 2,855.72 1,207.56 25,000.00 0.00 3,044.10 568.12 799.99 2,745.38 |
19,094.14 13,379.23 0.00 5,753.74 561.79 454.74 1,529.35 4,860.98 12,476.93 309.56 2,937.14 770.28 735.00 2,633.69 |
|||
| 116,572.43 | 98,814.51 |
| Shared Use (Belmont Community School) 37,520.07 Audit fee 130.00 Sundries 944.00 Music Licence 486.92 Furniure and Equipment 169.34 Bank Charges 254.45 Depreciation (see Note 2) 0.00 Business Rates 0.00 TOTAL EXPENDITURE NET INCOMING RESOURCES FOR YEAR TOTAL INCOMING RESOURCES BROUGHT FORWARD REVALUATION OF COMMUNITY CENTRE Add: TRANSFER TO RESERVES / RESTRICTED FUNDS (see Note 3) Less: TRANSFER FROM RESERVES / RESTRICTED FUNDS (see Note 3) "THEIR WAR, OUR HISTORY" PROJECT (see below) BELMONT BABY SENSORY (AAP) BELMONT COMMUNITY TOGETHER (LOTTERY) TOTAL INCOMING RESOURCES AT 31 DECEMBER 2022 |
21,089.26 130.00 477.73 598.10 2,111.23 0.00 126,924.22 -10,351.79 970,532.76 0.00 20,726.00 3,264.00 2,181.00 4,603.04 2,474.09 968,384.84 |
89,902.89 |
|---|---|---|
| 8,911.62 905,300.14 56,421.00 18,000.00 18,000.00 100.00 |
||
| 970,532.76 |
BELMONT COMMUNITY ASSOCIATION
"THEIR WAR, OUR HISTORY PROJECT" (RESTRICTED FUND) Income and Expenditure Account
| Year to 31 December 2022 | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| INCOMING RESOURCES | ||||
| TOTAL INCOMING RESOURCES | 0.00 | 0.00 | ||
| EXPENDITURE | ||||
| Remembrance (HLF) | 100.00 | |||
| Community Museum | 1,643.00 | |||
| Misc events | 538.00 | |||
| TOTAL EXPENDITURE | 2,181.00 | 100.00 | ||
| NET INCOMING RESOURCES FOR YEAR | -2,181.00 | -100.00 | ||
| TOTAL INCOMING RESOURCES BROUGHT | ||||
| FORWARD | 5,753.84 | 5,853.84 | ||
| TOTAL INCOMING RESOURCES AT 31 DECEMBER | ||||
| 2022 | 3,572.84 | 5,753.84 |
BELMONT COMMUNITY ASSOCIATION
"BELMONT BABY SENSORY" (AAP) (RESTRICTED FUND)
Income and Expenditure Account
| Year to 31 December 2022 | Year to 31 December 2022 | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| INCOMING RESOURCES | ||||
| Grant funding (see Note 8) | 7,142.00 | |||
| Transfer from Activity Development Reserve | 3,264.00 | |||
| Misc | 320.00 | |||
| TOTAL INCOMING RESOURCES | 10,726.00 | 0.00 | ||
| EXPENDITURE | ||||
| Floor Mats | 232.75 | |||
| Sensory Lights | 397.32 | |||
| Sensory Toys / Materials | 234.29 | |||
| Marketing materials | 71.39 | |||
| Taster sessions | ||||
| Uniforms | 154.69 | |||
| Wages | 1,886.88 | |||
| Venue hire | 1,008.00 | |||
| ToddlerTables & Chairs | 148.00 | |||
| Beakers & Kitchen resources | 98.37 | |||
| Food & Beverage | 93.60 | |||
| Toilet aids | 15.00 | |||
| Toys & Materials | 87.62 | |||
| Utilities/PPE/DBS/Gas/Elec/Storage unit | 175.13 | |||
| TOTAL EXPENDITURE | 4,603.04 | 0.00 | ||
| NET INCOMING RESOURCES FOR YEAR | 6,122.96 | 0.00 | ||
| TOTAL INCOMING RESOURCES BROUGHT | ||||
| FORWARD | 0.00 | 0.00 | ||
| TOTAL INCOMING RESOURCES AT 31 DECEMBER | ||||
| 2022 | 6,122.96 | 0.00 |
BELMONT COMMUNITY ASSOCIATION
"BELMONT COMMUNITY TOGETHER" (LOTTERY) (RESTRICTED FUND)
Income and Expenditure Account
| Year to | 31 December 2022 | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| INCOMING RESOURCES | ||||
| Grant Funding (see Note 8) | 10,000.00 | |||
| TOTAL INCOMING RESOURCES | 10,000.00 | 0.00 | ||
| EXPENDITURE | ||||
| Staff co-ordinator | ||||
| Sessional staff | 270.00 | |||
| Community events | 1,351.30 | |||
| Adult Social | 100.99 | |||
| Mum & Toddler | 313.94 | |||
| Printing etc | 284.33 | |||
| Travel | ||||
| Misc | 153.53 | |||
| TOTAL EXPENDITURE | 2,474.09 | 0.00 | ||
| NET INCOMING RESOURCES FOR YEAR | 7,525.91 | 0.00 | ||
| TOTAL INCOMING RESOURCES BROUGHT | ||||
| FORWARD | 0.00 | 0.00 | ||
| TOTAL INCOMING RESOURCES AT 31 DECEMBER | ||||
| 2022 | 7,525.91 | 0.00 |
BELMONT COMMUNITY ASSOCIATION
Balance Sheet At 31 December 2022
| FIXED ASSETS (see Note 2): Property Furniture & Equipment CURRENT ASSETS Cash in hand Bank Accounts (see Note 4): Deposit Notice Account Variable interest Deposit Account Current Account Less: unpresented cheques Add: Debtors(see Note 5) Add: pre-payment(see Note 6) CURRENT LIABILITIES Creditors(see Note 5) Receipts in Advance(see Note 7) NET CURRENT ASSETS TOTAL NET ASSETS REPRESENTED BY Capital Fund Restricted Funds (see Note 3): Roof replacement reserve External Building Repairs Centre Improvement Fund Emergency Fund Electrical Re-wiring Electricity Fund Covid Recovery Activity Development "Their War our History" Project Belmont Baby Sensory (AAP) Belmont Community Together (Lottery) |
20.00 73,443.10 22,346.85 82,426.31 777.15 0.00 3,013.57 |
2022 829,306.00 0.00 829,306.00 139,078.84 968,384.84 |
320.00 73,198.24 22,288.26 68,927.46 323.88 0.00 2,745.38 |
2021 829,306.00 0.00 |
|---|---|---|---|---|
| 829,306.00 141,226.76 970,532.76 |
||||
| 180,472.68 41,393.84 0.00 |
167,155.46 24,723.70 1,205.00 |
|||
| 41,393.84 829,306.00 30,000.00 20,000.00 20,000.00 20,000.00 10,000.00 3,000.00 10,000.00 1,736.00 3,573.00 6,123.00 7,526.00 |
25,928.70 829,306.00 30,000.00 20,000.00 20,000.00 20,000.00 10,000.00 3,000.00 10,000.00 5,000.00 5,753.84 |
|||
Income Reserves 7,120.84
17,472.92
TOTAL FUNDS
968,384.84
970,532.76
BELMONT COMMUNITY ASSOCIATION Charity No 1177041
Notes to the Accounts Year to 31 December 2022
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 for Charities.
2. FIXED ASSETS
| 2. ** FIXED ASSETS** | 2. ** FIXED ASSETS** |
|---|---|
| Land and Buildings– Expenditure on the Community Centre has been capitalised as follows: | |
| Brought forward | 829,306 |
| Revaluation revision |
00.000 |
| Depreciation charge for year | Nil |
| Per Balance Sheet | 829,306 |
(Trustees are aware that the open market value of the building at the present time is “nil” and the amount shown on the balance sheet is a reflection of the re-building cost)
Furniture and Equipment (over £5,000):
| Brought forward Additions in year: Total to date Depreciation charge for year Per Balance Sheet |
0.00 0,000 0,000 0,000 |
|
|---|---|---|
0.00 |
3. RESTRICTED FUNDS
The Trustees agreed changes to the level of Restricted Funds during the year:
| Roof Replacement b/f Added during the year External Building Repairs b/f Added during the year Centre Improvement Fund b/f Added during the year Emergency Fund b/f Added during the year Electrical Re-wiring Reserveb/f Added during the year |
30,000 0,000 30,000 20,000 0,000 20,000 20.000 0.000 20,000 20.000 0,000 20,000 10,000 0.000 10.000 |
|---|---|
| Electricity Fund b/f Added during year |
3,000 0,000 3,000 |
|---|---|
(Electricity contract in dispute with Scottish Power, awaiting decision by the Ombudsman)
| Covid Recovery b/f 1 Added during year Activity Development b/f Used during year Project Fund “Their War our History” b/f Used during the year Remaining at the year-end Project Fund “Belmont Baby Sensory” new Added during year Used during the year Remaining at the year-end Project Fund “Belmont Community Together” new Used during the year Remaining at the year-end |
0.000 0,000 10,000 5,000 3,264 1,736 5,754 2,181 3,573 10,406 320 4,603 6,123 10,000 2,474 7,526 |
|---|---|
4. CAPITAL
No new capital was introduced. A variable interest Virgin Money Charity Deposit Notice Account and a Virgin Variable Deposit Account are held to maximise the interest on money held in reserves, whilst ensuring that sufficient funds are available on demand A Barclays Business Account was opened during the year, as a replacement for a Community Account, and is used for day-to-day transactions.
5. CREDITORS AND DEBTORS
A sum of £37,520 was due to Belmont Community School, in accordance with a shared use agreement. £1,668 is due to staff for accrued leave and £806 is due for payment to Barclaycard. An invoice from Anglian Water (Business) is due for the period November – December, estimated at £500. An estimated £900 is due to BG Lite to cover usage from 30 November under a new contract. At present, there are no other outstanding liabilities that the Trustees are aware of.
6. PRE-PAYMENTS
A sum of £3,014 was paid in advance to Barrie of Durham, in respect of insurance premiums for the period 1 January – 31 December 2023.
7. RECEIPTS IN ADVANCE
There were no receipts in advance.
8. GRANTS
Total grant income of £20,609 was received, made up as follow: Belmont Parish Council (£100), Omicron Hospitality & Leisure grant £2,667), Durham County Council Community Buildings Support Fund (£500 & £200) and Area Action Partnership (Project Account £7,142), National Lottery Community Fund (Project Account £10,000).
9. INSURANCE
Insurance cover includes Buildings, contents, public liability and Trustee indemnity.
10. PAYROLL
Durham County Council is engaged as our Payroll Bureau and submits all HMRC returns and makes appropriate payments under a Service Level Agreement. All staff receive a letter advising them of their right to join a workplace pension, even though BCA is not required to automatically enrol them, as they do not meet the criteria of earning £192 per week. One member of the Pension Scheme left BCA and a newly appointed Manager was automatically enrolled.
11. LEGAL STATUS
Belmont Community Association is registered as a Charitable Incorporated Organisation (Charity Commission number 1177041).
12. 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 ended 31 December 2022.
13. FINANCIAL COMMITMENTS
The Trustees are confident that all financial obligations and commitments of Belmont Community Association can be met.
14. INDEPENDENT EXAMINER
Fees were paid to Mr T J Hardman in his position as independent examiner of the Charity’s accounts.
INDEPENT)ENf EXAMIN'ER'S REPORT TO THE TRUSTEES OF THE BELMO,NT CONlINIL,INITY ASSOCIA TION, DURHAM I report on the accounts of the Belmont Community AssLKiation for the year ended 31 December 2022 which are as set out on the attached pages. Respective Responsibilities of Trustees and Examiner The Charities Trusiees a responsible for the preparaiion of the accounts. The Charities Trustee5 consider that an audil is nol required for this Jear under seciion 144{2) of the Charities Act 2011 (the 2011 Act) and thai an ind¢pendeni examination is needed. It is my responsibility lo- examine the accounts under seciion 145 of ihe 201 l Act to follo. the procedures laid down tn the general Dtrections given by the Charity Commission under section 145{5Xbl of ihe 2011 Act- and to stale whether particular matters hai'e come to mTr" allention. Basis of Independent Examiner'$ Report My examinalion w&$ carried out in accordance with ihe generdl Directions given by the Charity. Commission. An examination includes a review of the accounting records kept by the Chariti and a comparison of the aceoL5nts presented m.ith those records. li also includes consideration ofany unusual items or disclosures in the accounts, and seeking eiplanaiions from vou as Ttee5 concerning anv such matters. The procedures undertaken do noi provide all the evidence that would be required in an audit and consequentlv no opinion is as io ivheiher the accounts present a'true and fair view" and the report is limited to those matters set out in the sthiement below. Independent Exominer's Statement In connection w'ith mv examinaiion. no matter has come to my attention.. l) Which gives me reasonable Cause to believe that in any marIal respect the requirements- lo keep accountin8 records in accordance Trh'ith section 130 of the 201 l Act. - to prepare accounts which accord M"ith the accounting records and comply with the accounting requiremenis of the 201 l Act have not been met; or 2) to which, in my opinion, attention should be dra in order to enable a proper understandi fthe ounts to be r&hed. CTA 7 Elvet Waterside Durham DH13DA 13 February 2023