## BELMONT COMMUNITY ASSOCIATION ## STATEMENT OF ACCOUNTS 2024 ## **BELMONT COMMUNITY ASSOCIATION** ## **Income and Expenditure Account** ## **Year to 31 December 2024** |**INCOMING RESOURCES**
**Centre:**
Lettings
CWP Hub
Parish Council office rent, hirings & re-
charges
Unallocated
**School:**
Unallocated
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)
Bank interest
Misc
**TOTAL INCOMING RESOURCES**
**EXPENDITURE**
Wages - Centre
Wages - School
Cleaning contract
Heating and Lighting
Water Rates
Refuse collection
Cleaning Materials
Maintenance -_combined for 2023_
Telephone
Printing, Postage, Stationery & IT
Insurance
Shared Use (Belmont Community
School)
Audit fee
Legal fees|**2024**
44,195.45
1,172.00
6,219.83
51,587.28
0.00
0.00
18.00
112.00
0.00
0.00
33,145.00
4,191.75
0.00
37,466.75
150.00
250.00
400.00
79,053.00
822.66
170.69
169,500.38
16,185.76
18,362.18
0.00
12,254.05
1,405.55
884.04
1,684.76
10,695.86
922.15
548.16
3,091.43
17,161.89
140.00
0.00|**2024**
44,195.45
1,172.00
6,219.83
51,587.28
0.00
0.00
18.00
112.00
0.00
0.00
33,145.00
4,191.75
0.00
37,466.75
150.00
250.00
400.00
79,053.00
822.66
170.69
169,500.38
16,185.76
18,362.18
0.00
12,254.05
1,405.55
884.04
1,684.76
10,695.86
922.15
548.16
3,091.43
17,161.89
140.00
0.00|**2023**
39,697.69
1,152.36
5,463.56
46,313.61
0.00
1,641.00
70.00
140.00
6,638.50
732.25
28,464.25
11,351.50
1,928.50
50,966.00
625.00
375.00
1,000.00
0.00
419.97
672.04
99,371.62
14,787.93
20,058.71
1,860.00
5,635.83
571.16
720.27
1,810.35
9,516.18
928.14
1,533.35
3,013.57
27,327.59
140.00
901.00|**2023**
39,697.69
1,152.36
5,463.56
46,313.61
0.00
1,641.00
70.00
140.00
6,638.50
732.25
28,464.25
11,351.50
1,928.50
50,966.00
625.00
375.00
1,000.00
0.00
419.97
672.04
99,371.62
14,787.93
20,058.71
1,860.00
5,635.83
571.16
720.27
1,810.35
9,516.18
928.14
1,533.35
3,013.57
27,327.59
140.00
901.00| |---|---|---|---|---| ||16,185.76
18,362.18
0.00
12,254.05
1,405.55
884.04
1,684.76
10,695.86
922.15
548.16
3,091.43
17,161.89
140.00
0.00||14,787.93
20,058.71
1,860.00
5,635.83
571.16
720.27
1,810.35
9,516.18
928.14
1,533.35
3,013.57
27,327.59
140.00
901.00|| |||169,500.38||99,371.62| |Sundries_(Centre + School)_
290.80
Music Licence
952.76
Furniure and Equipment
0.00
Bank Charges
551.05
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)**
**Youth Project**
**"THEIR WAR, OUR HISTORY" PROJECT**
**(see below)**
**BELMONT BABY SENSORY (AAP)**
**BELMONT COMMUNITY TOGETHER**
**(LOTTERY)**
**TOTAL INCOMING RESOURCES AT 31**
**DECEMBER 2024**|719.67
929.16
0.00
405.00
0.00
0.00
85,130.44
84,369.94
972,972.46
0.00
10,000.00
10,000.00
2,793.00
0.00
1,901.56
228.94
1,052,418.90|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| ## **BELMONT COMMUNITY ASSOCIATION** ## **"THEIR WAR, OUR HISTORY PROJECT" (RESTRICTED FUND) Income and Expenditure Account** |**Year to 31 December 2024**|**Year to 31 December 2024**||| |---|---|---|---| ||**2024**|**2023**|| |**INCOMING RESOURCES**|||| |**TOTAL INCOMING RESOURCES**|0.00||0.00| |**EXPENDITURE**|||| |Remembrance (HLF)|||| |Community Museum|0.00|0.00|| |Misc events|0.00|0.00|| |**TOTAL EXPENDITURE**|0.00||0.00| |**NET INCOMING RESOURCES FOR YEAR**|0.00||3,572.84| |**TOTAL INCOMING RESOURCES**|||| |**BROUGHT FORWARD**|3,572.84||0.00| |**TOTAL INCOMING RESOURCES AT 31**|||| |**DECEMBER 2024**|3,572.84||3,572.84| ## **BELMONT COMMUNITY ASSOCIATION** ## **"BELMONT BABY SENSORY" (AAP) (RESTRICTED FUND) Income and Expenditure Account** |**Year to**|**31 December 2024**||| |---|---|---|---| ||**2024**|**2023**|| |**INCOMING RESOURCES**|||| |Grant funding (see Note 8)|0.00|0.00|| |Transfer from Activity Development|||| |Reserve|0.00|0.00|| |Misc|0.00|0.00|| |**TOTAL INCOMING RESOURCES**|0.00||0.00| |**EXPENDITURE**|||| |Wages|1,901.56|2,273.56|| |Food & Beverage|0.00|601.69|| |**TOTAL EXPENDITURE**|1,901.56||2,875.25| |**NET INCOMING RESOURCES FOR YEAR**|-1,901.56||| |**TOTAL INCOMING RESOURCES**|||| |**BROUGHT FORWARD**|3,247.71||6,122.96| |**TOTAL INCOMING RESOURCES AT 31**|||| |**DECEMBER 2024**|1,346.15||3,247.71| ## **BELMONT COMMUNITY ASSOCIATION** ## **"BELMONT COMMUNITY TOGETHER" (LOTTERY) (RESTRICTED FUND) Income and Expenditure Account** |**Year to 31 December 2024**|**Year to 31 December 2024**|| |---|---|---| ||**2024**|**2023**| |**INCOMING RESOURCES**||| |Grant Funding (see Note 8)|0.00|0.00| |**TOTAL INCOMING RESOURCES**|0.00|0.00| |**EXPENDITURE**||| |Staff co-ordinator||| |Sessional staff|228.94|0.00| |Community events|0.00|1,050.84| |**TOTAL EXPENDITURE**|228.94|1,050.84| |**NET INCOMING RESOURCES FOR YEAR**|-228.94|-1,050.84| |**TOTAL INCOMING RESOURCES**||| |**BROUGHT FORWARD**|6,475.07|7,525.91| |**TOTAL INCOMING RESOURCES AT 31**||| |**DECEMBER 2024**|6,246.13|6,475.07| ## **BELMONT COMMUNITY ASSOCIATION** ## **"YOUTH PROJECT" (RESTRICTED FUND) Income and Expenditure Account** |**Year to**|**31 December 2024**||| |---|---|---|---| ||**2024**|**2023**|| |**INCOMING RESOURCES**|||| |Grant Funding (see Note 8)|2,793.00|0.00|| |**TOTAL INCOMING RESOURCES**|2,793.00||0.00| |**EXPENDITURE**|||| |Staffing|1,000.00||| |Room hire|1,793.00||| |**TOTAL EXPENDITURE**|2,793.00||0.00| |**NET INCOMING RESOURCES FOR YEAR**|0.00||0.00| |**TOTAL INCOMING RESOURCES**|||| |**BROUGHT FORWARD**|0.00||0.00| |**TOTAL INCOMING RESOURCES AT 31**|||| |**DECEMBER 2024**|0.00||0.00| ## **BELMONT COMMUNITY ASSOCIATION** ## **Balance Sheet At 31 December 2024** |**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
Youth Project
Dave Drinkwater Legacy
"Their War our History" Project
Belmont Baby Sensory (AAP)
Belmont Community Together
(Lottery)
Income Reserves
**TOTAL FUNDS**|20.00
74,254.70
22,777.88
144,972.49
4,668.83
1,772.00
3,146.55|**2024**
829,306.00
0.00
829,306.00
223,112.90
1,052,418.90
1,052,418.90|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| ||242,274.79
19,161.89
0.00||171,294.05
27,627.59
0.00|| ||19,161.89
829,306.00
30,000.00
20,000.00
20,000.00
20,000.00
20,000.00
0.00
76,260.00
3,573.00
1,346.00
6,246.00
25,687.90||27,627.59
829,306.00
30,000.00
20,000.00
20,000.00
20,000.00
10,000.00
0.00
0.00
3,573.00
3,248.00
6,475.00
30,370.46|| |||||972,972.46| |||||| ## **BELMONT COMMUNITY ASSOCIATION Charity No 1177041** ## **Notes to the Accounts Year to 31 December 2024** ## **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
10.000
20.000| |---|---| |**Dave Drinkwater Legacy b/f**
Added during the year

**Project Fund**
“Their War our History” b/f

Used during the year

Remaining at the year-end

**Project Fund**
“Belmont Baby Sensory” b/f

Added during year

Used during the year

Remaining at the year-end

**Project Fund**
“Belmont Community Together” b/f
Used during the year

Remaining at the year-end

**Project Fund**
“Youth Project” new
Used during the year

Remaining at the year-end
|0.000
76,260
76.260
3,573
0,000
3.573
3,248
0.000
1.902
1,346
6,475
0,229
6,246
2,793
2.793
0,000| |---|---| ||











| ## **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 £17,162 was due to Belmont Community School, in accordance with a shared use agreement. Scottish Power are estimated to be owed £2,000 due to estimation of bills rather than actual readings. At present, Trustees are not aware of any other outstanding liabilities. A sum of £1,172 is due from Cheesy Waffles for office rent and Belmont Parish Council will be charged £600 for electricity use in 2024. ## **6. PRE-PAYMENTS** A sum of £3,146 was paid in advance to Barrie of Durham, in respect of insurance premiums for the period 1 January – 31 December 2025. ## **7. RECEIPTS IN ADVANCE** There were no receipts in advance. ## **8. GRANTS** Grants were received from the County Durham Community Foundation £2,081) and the Henry Smith Trust (£712) to fund a “Youth Project”. Dave Drinkwater, former Chair of Belmont Community Association, left a legacy of £76,260. ## **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 when BCA is not required to automatically enrol them, as they do not meet the criteria of earning £192 per week. One member of staff is automatically enrolled. ## **11. LEGAL STATUS** Belmont Community Association is registered as a Charitable Incorporated Organisation (Charity Commission number 1177041). Belmont Parish Council is 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 2024. ## **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. Trus*eycon5i¢kn that aD wjtl 13 n(x rrqutrvj for thi5 ye4run(kr 14421 of thE exami￿ seairyj 145 ofthc J)1 l A41 CTA ihulwm DHI 3DA