## 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 Reserve**b/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 T￿￿tee5 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 ma￿rIal 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