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2023-12-31-accounts

BELMONT COMMUNITY ASSOCIATION

STATEMENT OF ACCOUNTS

2023

BELMONT COMMUNITY ASSOCIATION

Income and Expenditure Account

Year to 31 December 2023
2023
INCOMING RESOURCES
Centre:
Lettings
39,697.69
CWP Hub
1,152.36
Parish Council office rent, hirings & re-charges
5,463.56
46,313.61
Unallocated
0.00
School:
Unallocated
1,641.00
School - Classroom
70.00
School - Car Park
140.00
Performing Arts Block
6,638.50
School - Astroturf
732.25
School - Sports Hall
28,464.25
School - Gym
11,351.50
School - Field
1,928.50
50,966.00
Membership fees:
Centre
625.00
School
375.00
1,000.00
Grants (see Note 8)
0.00
Bank interest
419.97
Misc
672.04
TOTAL INCOMING RESOURCES
99,371.62
EXPENDITURE
Wages - Centre
14,787.93
Wages - School
20,058.71
Cleaning contract
1,860.00
Heating and Lighting
5,635.83
Water Rates
571.16
Refuse collection
720.27
Cleaning Materials
1,810.35
Maintenance -combined for 2023
9,516.18
Maintenance - non budgeted
0.00
Maintenance Wages
0.00
Servicing contracts
0.00
Telephone
928.14
Printing, Postage, Stationery & IT
1,533.35
Insurance
3,013.57		 Year to 31 December 2023
2023
INCOMING RESOURCES
Centre:
Lettings
39,697.69
CWP Hub
1,152.36
Parish Council office rent, hirings & re-charges
5,463.56
46,313.61
Unallocated
0.00
School:
Unallocated
1,641.00
School - Classroom
70.00
School - Car Park
140.00
Performing Arts Block
6,638.50
School - Astroturf
732.25
School - Sports Hall
28,464.25
School - Gym
11,351.50
School - Field
1,928.50
50,966.00
Membership fees:
Centre
625.00
School
375.00
1,000.00
Grants (see Note 8)
0.00
Bank interest
419.97
Misc
672.04
TOTAL INCOMING RESOURCES
99,371.62
EXPENDITURE
Wages - Centre
14,787.93
Wages - School
20,058.71
Cleaning contract
1,860.00
Heating and Lighting
5,635.83
Water Rates
571.16
Refuse collection
720.27
Cleaning Materials
1,810.35
Maintenance -combined for 2023
9,516.18
Maintenance - non budgeted
0.00
Maintenance Wages
0.00
Servicing contracts
0.00
Telephone
928.14
Printing, Postage, Stationery & IT
1,533.35
Insurance
3,013.57		 Year to 31 December 2023
2023
INCOMING RESOURCES
Centre:
Lettings
39,697.69
CWP Hub
1,152.36
Parish Council office rent, hirings & re-charges
5,463.56
46,313.61
Unallocated
0.00
School:
Unallocated
1,641.00
School - Classroom
70.00
School - Car Park
140.00
Performing Arts Block
6,638.50
School - Astroturf
732.25
School - Sports Hall
28,464.25
School - Gym
11,351.50
School - Field
1,928.50
50,966.00
Membership fees:
Centre
625.00
School
375.00
1,000.00
Grants (see Note 8)
0.00
Bank interest
419.97
Misc
672.04
TOTAL INCOMING RESOURCES
99,371.62
EXPENDITURE
Wages - Centre
14,787.93
Wages - School
20,058.71
Cleaning contract
1,860.00
Heating and Lighting
5,635.83
Water Rates
571.16
Refuse collection
720.27
Cleaning Materials
1,810.35
Maintenance -combined for 2023
9,516.18
Maintenance - non budgeted
0.00
Maintenance Wages
0.00
Servicing contracts
0.00
Telephone
928.14
Printing, Postage, Stationery & IT
1,533.35
Insurance
3,013.57		 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
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		 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
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
14,787.93
20,058.71
1,860.00
5,635.83
571.16
720.27
1,810.35
9,516.18
0.00
0.00
0.00
928.14
1,533.35
3,013.57		 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
99,371.62 116,572.43
Shared Use (Belmont Community School)
27,327.59
Audit fee
140.00
Legal fees
901.00
Sundries_(Centre + School)_
719.67
Music Licence
929.16
Furniture and Equipment
0.00
Bank Charges
405.00
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
2023		 37,520.07
130.00
0.00
944.00
486.92
169.34
254.45
0.00
0.00
90,857.91
8,513.71
968,384.84
0.00
14,736.00
14,736.00
0.00
2,875.25
1,050.84
972,972.46		 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

BELMONT COMMUNITY ASSOCIATION

"THEIR WAR, OUR HISTORY PROJECT" (RESTRICTED FUND) Income and Expenditure Account

Year to 31 December 2023
2023 2022
INCOMING RESOURCES
TOTAL INCOMING RESOURCES 0.00 0.00
EXPENDITURE
Remembrance (HLF)
Community Museum 0.00 1,643.00
Misc events 0.00 538.00
TOTAL EXPENDITURE 0.00 2,181.00
NET INCOMING RESOURCES FOR YEAR 3,572.84 -2,181.00
TOTAL INCOMING RESOURCES BROUGHT
FORWARD 0.00 5,753.84
TOTAL INCOMING RESOURCES AT 31 DECEMBER
2023 3,572.84 3,572.84

BELMONT COMMUNITY ASSOCIATION

"BELMONT BABY SENSORY" (AAP) (RESTRICTED FUND) Income and Expenditure Account

Year to 31 December 2023 Year to 31 December 2023
2023 2022
INCOMING RESOURCES
Grant funding (see Note 8) 0.00 7,142.00
Transfer from Activity Development Reserve 0.00 3,264.00
Misc 0.00 320.00
TOTAL INCOMING RESOURCES 0.00 10,726.00
EXPENDITURE
Floor Mats 0.00 232.75
Sensory Lights 0.00 397.32
Sensory Toys / Materials 0.00 234.29
Marketing materials 0.00 71.39
Taster sessions 0.00
Uniforms 0.00 154.69
Wages 2,273.56 1,886.88
Venue hire 0.00 1,008.00
Toddler Tables & Chairs 0.00 148.00
Beakers & Kitchen resources 0.00 98.37
Food & Beverage 601.69 93.60
Toilet aids 0.00 15.00
Toys & Materials 0.00 87.62
Utilities/PPE/DBS/Gas/Elec/Storage unit 0.00 175.13
TOTAL EXPENDITURE 2,875.25 4,603.04
NET INCOMING RESOURCES FOR YEAR 6,122.96
TOTAL INCOMING RESOURCES BROUGHT
FORWARD 6,122.96 0.00
TOTAL INCOMING RESOURCES AT 31 DECEMBER
2023 3,247.71 6,122.96

BELMONT COMMUNITY ASSOCIATION

"BELMONT COMMUNITY TOGETHER" (LOTTERY) (RESTRICTED FUND) Income and Expenditure Account

Year to 31 December 2023

2023
INCOMING RESOURCES
Grant Funding (see Note 8)
0.00
TOTAL INCOMING RESOURCES
0.00
EXPENDITURE
Staff co-ordinator
Sessional staff
0.00
Community events
1,050.84
Adult Social
0.00
Mum & Toddler
0.00
Printing etc
0.00
Travel
0.00
Misc
0.00
TOTAL EXPENDITURE
1,050.84
NET INCOMING RESOURCES FOR YEAR
-1,050.84
TOTAL INCOMING RESOURCES BROUGHT
FORWARD
7,525.91
TOTAL INCOMING RESOURCES AT 31 DECEMBER
2023
6,475.07		 2022
10,000.00
10,000.00
270.00
1,351.30
100.99
313.94
284.33
153.53
2,474.09
7,525.91
0.00
7,525.91		 2022
10,000.00
10,000.00
270.00
1,351.30
100.99
313.94
284.33
153.53
2,474.09
7,525.91
0.00
7,525.91
7,525.91
0.00
7,525.91

BELMONT COMMUNITY ASSOCIATION

Balance Sheet At 31 December 2023

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		 20.00
73,736.87
22,473.05
73,095.22
1,122.52
0.00
3,091.43		 2023
829,306.00
0.00
829,306.00
143,666.46
972,972.46		 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
171,294.05
27,627.59
0.00		 180,472.68
41,393.84
0.00
27,627.59 41,393.84

REPRESENTED BY

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)
Income Reserves
TOTAL FUNDS		 829,306.00
30,000.00
20,000.00
20,000.00
20,000.00
10,000.00
0.00
0.00
0.00
3,573.00
3,248.00
6,475.00
30,370.46		 972,972.46 829,306.00
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
7,120.84

968,384.84

BELMONT COMMUNITY ASSOCIATION Charity No 1177041

Notes to the Accounts Year to 31 December 2023

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

Used during year
3,000
3,000

0,000

(Dispute with Scottish Power settled in favour of BCA with fund no longer required)

Covid Recovery b/f

Used during year
(no longer required)
Activity Development b/f

Used during year

(no longer required)
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
 10.000
10,000
0,000
1,736
1,736
0,000
3,573
0,000
3.573
6,123
000
2,875
3,248
7,526
1,051
6,475













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 is used for day-to-day transactions.

5. CREDITORS AND DEBTORS

A sum of £27,327.59 was due to Belmont Community School, in accordance with a shared use agreement. Belmont Parish Council are owed £300 for carrying out book-keeping duties. At present, there are no other outstanding liabilities that the Trustees are aware of.

6. PRE-PAYMENTS

A sum of £3,091.43 was paid in advance to Barrie of Durham, in respect of insurance premiums for the period 1 January – 31 December 2024.

7. RECEIPTS IN ADVANCE

There were no receipts in advance.

8. GRANTS

No grants were received.

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). With effect from 1 January 2024, Belmont Parish Council becomes the sole trustee.

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 2023.

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.

INDEPE4DE.IT EXAMIYER'S RF.PORT TO THE TRL15TEES OF THE BF.LMOWT COMMI%ITY ASSOCIATIOY. DIRHAM I reporton the &counts ofihe Belmont Communit) A$stti￿l(￿ fvtkywcntsj 31 D￿eMI￿r )023 whi¢h art oui on Iht attached rrdgc RHpttti"e Rwsibiliiitsof Trnsttes••d Exwi•cr Th¢ Chriiies TtU5es are re￿￿$1b]e forth¢ tryJaTaiion ofthe accounts. Thc Cltariiics Tnjsietsconsider Ihai an audit is required forthis lear und¢r sellion 14M2I of the Chariiics Act 20111th¢ 2011 AciiyJ that • i￿je￿ndthI exiiiiiatiQll j5 needrd. It 15 my rryThsibtlity ￿.. ¢xamine the accounts un¢kn sedion 145 of the 2011 A 10 follow the pThKethrts laid do%4n tn th¢ germl givth bv the Chari fiThmission uThltY section 14515MbTr of the 2011 Acl.. and state whether particular maiiLT5 have come to 8ll¢niio of IDdept•dt#t EL•mivr's ReT M% examination ¢ried i￿1 in ￿0rd￿t ￿1th the general DirELIion5 gts'cn b). thc Chllritv Commission. An ex8minwicm in¢l￿e5 a reliiew of the ¥rouniing rtcords k the Charit) and 3 comFwisth of Ehe accounts presented ￿1th those records. li al includes conside￿10￿ of ans unusual items ordisclosures irt the &wJnt& d seeking e.xplan￿lolls from %ou as TnJstteseorKerning anv such matters. Th¢ Fd(K¢dures undertaken (k> wovtde all the eTridcncc th￿ would be TequiT•J in an audii conwuenilv no opinion is ¢ounts pre￿1 hd fair and the rewTrrt is limited to those matier$ out in the 5[a￿nen1 below. l•dependext £LWDiier's Staiemeii In connccLiOn ￿1th examination. rK) marier ha5 wm¢to mv attention" l) Il"hich gives me reA)tthle cause ￿ belie%e in ar! ma￿1[ the requir¢menTS: - to keep a¢¢ouniin8 records in ¥rffltarKt ￿1th seciN)n 130 of the 2011 ACL - io prepare accounts 44hich ￿e0rd Mrth ihc acc(Ktniin8 Tttord5 and compl). ￿7th the countin8 requirements of the 2011 A¢t have n(rt tren met: or 21 ￿ whtch. in m> opinion. attention STr￿ld bedrnwn in ordErto enable a Under5th￿l1 of the aecount5 rexhed. TJHa CTA 7 Elva W*¢rsid¢ Durham DHI 3DA 14 M￿h 20?4