## 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 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

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. INDEPE*4DE.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 Ex*wi•cr Th¢ Chriiies TtU5*es are re￿￿$1b]e forth¢ tryJaTaiion ofthe accounts. Thc Cltariiics Tnjsietsconsider Ihai an audit is required forthis lear und¢r sellion 14M2I of the Chariiics Act 20111th¢ 2011 Acii*yJ that • i￿je￿ndthI ex*iiiiiatiQll j5 needrd. It 15 my rryThsibtlity ￿.. ¢xamine the accounts un¢kn sedion 145 of the 2011 A 10 follow the pThKethrts laid do%4n tn th¢ germl givth bv the Chari fiThmission uThltY section 14515MbTr of the 2011 Acl.. and state whether particular maiiLT5 have come to 8ll¢niio of IDdept•dt#t EL•mivr's ReT M% examination ¢*ried i￿1 in ￿0rd￿t ￿1th the general DirELIion5 gts'cn b). thc Chllritv Commission. An ex8minwicm in¢l￿e5 a reliiew of the ¥rouniing rtcords k the Charit) and 3 comFwisth of Ehe accounts presented ￿1th those records. li al includes conside￿10￿ of ans unusual items ordisclosures irt the &wJnt& *d seeking e.xplan￿lolls from %ou as TnJstteseorKerning anv such matters. Th¢ Fd(K¢dures undertaken (k> wovtde all the eTridcncc th￿ would be TequiT•J in an audii conwuenilv no opinion is *¢ounts pre￿1 *hd fair and the rewTrrt is limited to those matier$ 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 re*A)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 tr*en 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