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Belmont Committee Hall Annual Report
it has been a year of recovery after the Government Restrictions as a result of the Pandemic. The local authority, Telford and Wrekin Council, made grants to the Hall and the various groups returned to use the premises, although some groups disbanded during and after the Pandemic. The coffee morning and the Friday Club organized by the Committee, have returned with good numbers.
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REGISTERED CHARITY NUMBER: 218225
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REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2022
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BELMONT COMMUNITY HALL ;
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DE Ball & Co Limited : Chartered Accountants 15 Bridge Road Wellington Telford , Shropshire TFI 1EB ;
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D. E. BALL & CO. LIMITED, CHARTERED ACCOUNTANTS
BELMONT COMMUNITY HALL
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31st July 2022
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|Page|
|Report|of the|Trustees|1|to|2|
|Independent|Examiner's|Report|3|;|
|Statement|of|Financial|Activities|4|;|
|Balance|Sheet|5|
|Notes|to|the|Financial|Statements|6|to|11|
|Detailed|Statement|of Financial|Activities|12|:|
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D. E. BALL & CO. LIMITED, CHARTERED ACCOUNTANTS
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BELMONT COMMUNITY HALL REPORT OF THE TRUSTEES for the Year Ended 31st July 2022
The trustees present their report with the financial statements of the charity for the year ended 31st July 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
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The objects of the charity are the following:-
(1) To benefit the residents of Wellington (Shropshire) and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions, by assisting the work of statutory authorities, voluntary and community and other organisations, by providing facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents.
(2) To provide and manage a senior citizen's club to be known as the Belmont Club.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The financial position remains stable though the trustees recognise the finances still need to be closely reviewed.
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Many of the activities affected last year by Covid have now recommenced. The financial position of the Charity has remained satisfactory. FINANCIAL REVIEW Reserves policy ; The trustees have a policy to try and build up the general funds of the charity to meet the major repair costs building as and when they arise. The trustees will regularly review the level of the the general funds of the the charity to they do not become excessive. STRUCTURE, GOVERNANCE AND MANAGEMENT , Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. _[REFERENCE][AND][ADMINISTRATIVE][DETAILS] Registered Charity number 218225 Principal address . , New Street ; Wellington Telford , Shropshire TF! 1LU Trustees Mrs M Powell D Evans R Perkins P T Morris - Jones (appointed 31.1.22) ,
The trustees have a policy to try and build up the general funds of the charity to meet the major repair costs of the building as and when they arise. The trustees will regularly review the level of the the general funds of the the charity to ensure they do not become excessive.
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D. E. BALL & CO. LIMITED, CHARTERED ACCOUNTANTS
BELMONT COMMUNITY HALL
REPORT OF THE TRUSTEES for the Year Ended 31st July 2022
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner
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DE Ball & Co Limited . Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TF1 1EB
Approved by order of the board of trustees on 25th November 2022 and signed on its behalf by:
Mrs M Powell - Trustee
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Hr Lhevars fay
Aperbe
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D.E, BALL & CO. LIMITED, CHARTERED ACCOUNTANTS
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BELMONT COMMUNITY HALL —
Independent examiner's report to the trustees of Belmont Community Hall
I report to the charity trustees on my examination of the accounts of Belmont Community Hall (the Trust) for the year ended 31st July 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act').
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I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: ;
- accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. _ thein theaccountsCharitiesdo not(Accountscomply andwithReports)the applicableRegulationsrequirements2008 otherconcerningthan anytherequirementform and contentthat theof accountsaccounts setgiveouta true and fair view which is not a matter considered as part of an independent examination.
] have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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Russell Ball FCA
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D E Ball & Co Limited Chartered Accountants
15 Bridge Road
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dT. Wellington
_[Telford] Shropshire TF1 1EB
25th November 2022
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D. E. BALL & CO. LIMITED, CHARTERED ACCOUNTANTS
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BELMONT COMMUNITY HALL
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31st July 2022
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| 31.7.22 | 31.7.21 | ||||
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| Unrestricted | Restricted | Total | Total | ||
| Notes | fund £ |
fund £ |
funds £ |
funds £ |
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| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 7,831 | - | 7,831 | 15,408 | |
| Other trading activities | 2 | 22,116 | - | 22,116 | 5,099 |
| Investment income | 3 | 468 | - | 468 | 467 |
| Other income | 1,489 | - | 1,489 | 8,763 | |
| Total | 31,904 | . | 31,904 | 29,737 | |
| EXPENDITURE ON | ; | ||||
| Charitable activities | |||||
| Provision ofSenior Citizens Club | 29,310 | 664 | 29,974 | 21,057 | |
| NET INCOME/(EXPENDITURE) | 2,594 | (664) | 1,930 | 8,680 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 99,398 | 4,429 | 103,827 | 95,147 | |
| TOTALFUNDSCARRIEDFORWARD | 101,992 | 3,765 | 105,757 | 103,827 |
The notes form part of these financial statements
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D. E. BALL& CO. LIMITED, CHARTERED ACCOUNTANTS
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BELMONT COMMUNITY HALL
BALANCE SHEET
31st July 2022
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| 31.7.22 | 31.7.21 | |||||||
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| Unrestricted fund |
Restricted fund |
Total funds |
Total funds |
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| Notes | £ | £ | £ | £ | ||||
| FIXED ASSETS | ||||||||
| Tangible assets | 7 | 71,472 | 3,765 | 75,237 | 75,783 | |||
| Investments | 8 | 1,713 | - | 1,713 | 1,713 | |||
| ; | 73,185 | 3,765 | 76,950 | 77,496 | ||||
| CURRENT ASSETS | ||||||||
| Stocks | 9 | 150 | - | 150 | 150 | |||
| Debtors | 10 | - | - | - | 642 | |||
| Cash at bank and in hand | 28,900 | - | 28,900 | 25,671 | ||||
| ) | ||||||||
| 29,050 | - | 29,050 | 26,463 | |||||
| CREDITORS | ||||||||
| Amounts falling due within one year | 1] | (243) | - | (243) | (132) | |||
| NETCURRENT ASSETS | , | 28,807 | - | 28,807 | 26,331 | |||
| TOTAL ASSETS LESS CURRENT | ||||||||
| LIABILITIES | 101,992 | 3,765 | 105,757 | 103,827 | ||||
| NETASSETS | 101,992 | 3,765 | 105,757 | 103,827 | ||||
| FUNDS - |
12 | 7 | ||||||
| Unrestricted funds | 101,992 | 99,398 | ||||||
| Restricted funds - | 3,765 | 4,429 | ||||||
| TOTALFUNDS | 105,757 | 103,827 |
The financial statements were approved by the Board of Trustées and authorised for issue on 25th November 2022 and were signed on its behalf by:
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M Powell - Trustee
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NK IS LVANS a77 hrbee
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The notes form part of these financial statements
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D. E. BALL & CO. LIMITED, CHARTERED ACCOUNTANTS
BELMONT COMMUNITY HALL
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31st July 2022 ;
- ACCOUNTING POLICIES
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Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’. and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
_ charityLiabilitiesto thatare expenditure,recognised asit expenditureis probable thatas soona transferas thereof economicis a legal benefitsor constructivewill be obligationrequired incommittingsettlement andthe the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of ‘resources.
Tangible fixed assets
; Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful , life.
Furniture and equipment
"= 15% onreducing balance
Freehold property is not depreciated. The Trustees are of the view that the level of ongoing repair and maintenance of the property will result in the residual value of the property at the end of its useful life being greater than its original cost. This is reviewed annually by the Trustees.
Stocks
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Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow . moving items.
Taxation
The charity is exempt from tax on its charitable activities.
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Fund accounting : Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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D. E. BALL & CO. LIMITED, CHARTERED ACCOUNTANTS
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BELMONT COMMUNITY HALL
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st July 2022
- OTHER TRADING ACTIVITIES
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| 31.7.22 | 31.7.22 | 31.7.21 | |||||||||||||
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| £ | £ | ||||||||||||||
| Room lettings | 12,920 | 5,099 | |||||||||||||
| Door collections and raffles | 3,067 | - | |||||||||||||
| Luncheon club | 5,167 | - | |||||||||||||
| Christmas party | 188 | - | |||||||||||||
| Pop in | 774 | - | |||||||||||||
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| 22,116 | 5,099 | ||||||||||||||
| 3. | INVESTMENT INCOME | . | |||||||||||||
| 31.7.22 | 31.7.2] | ||||||||||||||
| £ | £ | ||||||||||||||
| Dividend - STWA | 453 | 450 | |||||||||||||
| Bank interest | 15 | 17 | |||||||||||||
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| 468 | 467 | ||||||||||||||
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| 4, | ‘TRUSTEES' REMUNERATION AND BENEFITS | ||||||||||||||
| There were no trustees’ remuneration or other benefits for the | year | ended | 31st July | 2022 | nor | for the year ended | |||||||||
| ; | 31st July 2021. |
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| ; | Trustees’ expenses | ; | |||||||||||||
| There were no trustees' expenses | paid for the | yearended | 31st | July 2022 nor for the | year ended 31st July 2021. | ||||||||||
| 5. | STAFF COSTS | 7 | |||||||||||||
| The average monthly number ofemployees during the year was as follows: | |||||||||||||||
| 31.7.2 | 31.7.21 | ||||||||||||||
| Hall management | 3 | 3 | |||||||||||||
| Noemployees received emoluments in excessof | of£60,000. | ||||||||||||||
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES | ||||||||||||||
| _ | Unrestricted | Restricted | Total | ||||||||||||
| , | fund | fund | funds | ||||||||||||
| £ | £ | £ | |||||||||||||
| INCOME AND ENDOWMENTS FROM | |||||||||||||||
| Donations and legacies | 15,408 | - | 15,408 | ||||||||||||
| Other trading activities | 5,099 | - | 5,099 | ||||||||||||
| Investment income | 467 | - | 467 | ||||||||||||
| Other income | 8,763 | - | 8,763 | ||||||||||||
| Total | 29,737 | - | 29,737 | 39 | |||||||||||
| EXPENDITURE ON | |||||||||||||||
| Charitable activities | |||||||||||||||
| Provision ofSenior Citizens Club | 20,264 | 793 | 21,057 | ||||||||||||
| NETINCOME/(EXPENDITURE) | 9,473 | (793) | 8,680 | ||||||||||||
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D. E, BALL & CO. LIMITED, CHARTERED ACCOUNTANTS
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BELMONT COMMUNITY HALL
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|NOTES|TO|THE|FINANCIAL STATEMENTS-|continued|
|for|the Year Ended|31st July|2022|
|6.|COMPARATIVES|FOR THE|STATEMENT|OF|FINANCIAL|ACTIVITIES|-|continued|
|Unrestricted|Restricted|Total|
|fund|fund|funds|
|£|£|£|
|Transfers|between|funds|(193)|193|-|
|Net|movement|in|funds|9,280|(600)|8,680|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|90,118|5,029|95,147|
|TOTAL|FUNDS|CARRIED FORWARD|99,398|4,429|103,827|
|7|TANGIBLE FIXED ASSETS|
|Furniture|
|,|Land|and|and|
|buildings|equipment|Totals|
|£|£|£|
|‘COST|
|At|Ist August|2021|69,407|23,247|92,654|
|Additions|-|410|410|
|At|31st|July|2022|69,407|23,657|93,064|
|DEPRECIATION|
|At|Ist|August|2021|-|16,871|16,871|
|,|Charge|for|year|-|956|956|
|At|31st|July|2022|-|17,827|17,827|
|NET|BOOK|VALUE|,|
|At|31st|July|2022|69,407|5,830|75,237|
|)|
|At|31st|July|2021|69,407|6,376|75,783|
|8.|FIXED|ASSET|INVESTMENTS|
|,|,|investmentsUK|quoted|
|.|
|¢|
|MARKET|VALUE|
|At|Ist|August|2021|and|31st|July|2022|1,713|
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|NET|BOOK|VALUE|
|At|31st|July|2022|1,713|
|—|At|31st|July|2021|||1,713|
|There|were|no|investment|assets|outside|the|UK.|
|.|The|market value|of|[the]|[investments]|[at]|[the]|[31]|[July][ 2022]|[was]|[£12,049]|[(31]|[July][ 2021]|[£12,167).]|
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D. E. BALL & CO. LIMITED, CHARTERED ACCOUNTANTS
BELMONT COMMUNITY HALL
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|NOTES TO THE|FINANCIAL|STATEMENTS|-|continued|
|for|the|Year|Ended|31st|July|2022|
|9.|STOCKS|.|
|31.7.22|31.7.21|
|£|£|
|Stocks|150|150|
|10.|DEBTORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR|
|31.7.22|31.7.21|
|.|£|£|
|Prepayments|-|642|
|11.|CREDITORS:|AMOUNTS FALLING|DUE WITHIN ONE YEAR|.|
|31.7.22|31.7.21|
|£|£|
|Other|creditors|243|132|
|12.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|;|.|At|1.8.21|in|funds|31.7.22|
|£|£|£|
|Unrestricted|funds|
|.|General|fund|99,398|2,594|101,992|
|Restricted|funds.|
|Lottery|Fund|,|4,429|(664)|3,765|
|TOTAL|FUNDS|-|103,827|1,930|105,757|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|.|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|,|£|£|£|
|Unrestricted|funds|
|General|fund|—|31,904|(29,310)|23594|
|Restricted|funds|
|Lottery|Fund|,|-|(664)|(664)|
|TOTAL FUNDS|31,904|(29,974)|1,930|
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D. E. BALL& CO, LIMITED, CHARTERED ACCOUNTANTS
BELMONT COMMUNITY HALL
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31st July 2022
12. MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
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|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1.8.20|in|funds|funds|31.7.21|
|£|£|£|£|
|Unrestricted|funds|
|Genera!|fund|90,118|9,473|(193)|99,398|
|Restricted|funds|
|Lottery|Fund|5,029|(793)|193|4,429|
|.|
|TOTAL|FUNDS|95,147|8,680|-|103,827|
|Comparative|net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|.|29,737|(20,264)|9,473|
|Restricted|funds|
|Lottery|Fund|-|(793)|(793)|
|TOTAL FUNDS|_|29,737|(21,057)|8,680|
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A current year 12 months and prior year 12 months combined position is as follows:
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|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1.8.20|in|funds|funds|31.7.22|
|£|£|£|£|
|Unrestricted|funds|,|
|General|fund|90,118|12,067|(193)|101,992|
|Restricted|funds|.|.|
|Lottery|Fund|5,029|(1,457)|193|3,765|
|TOTAL FUNDS|95,147|10,610|-|105,757|
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D. E. BALL & CO. LIMITED, CHARTERED ACCOUNTANTS
BELMONT COMMUNITY HALL
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NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31st July 2022
12. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | , | ||||
| General fund | 61,641 | (49,574) | 12,067 | ||
| Restricted funds | |||||
| Lottery Fund | - | (1,457) | (1,457) | ||
| TOTALFUNDS | 61,641 | (51,031) | 10,610 |
The General Fund represents funds available to fulfil the objectives of the charity.
The Lottery Fund relates to money received for the refurbishment of the building.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 3 1st July 2022.
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D. E. BALL & CO. LIMITED, CHARTERED ACCOUNTANTS
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BELMONT COMMUNITY HALL
| DETAILEDSTATEMENTOFFINANCIAL ACTIVITIES | DETAILEDSTATEMENTOFFINANCIAL ACTIVITIES | DETAILEDSTATEMENTOFFINANCIAL ACTIVITIES | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| for the Year Ended 31st | July | 2022 | |||||||||
| ; | 31.7.22 | 31.7.21 | , | ||||||||
| £ | £ | ||||||||||
| INCOME AND | ENDOWMENTS | ||||||||||
| Donations and Grants |
legacies | 7,831 | 15,408 | ||||||||
| Other trading | activities | ||||||||||
| Room lettings | 12,920 | 5,099 | |||||||||
| Door collections | and raffles | 3,067 | - | ||||||||
| Luncheon club | 5,167 | - | |||||||||
| Christmas party | , | 188 | - | ||||||||
| Pop in | 774 | oo | |||||||||
| 22,116 | 5,099 | ||||||||||
| Investment income | |||||||||||
| Dividend - STWA |
453 | 450 | |||||||||
| Bank interest | 15 | 17 | |||||||||
| 468 | 467 | ||||||||||
| Other income | |||||||||||
| Furlough Grants | 1,489 | 8,763 | |||||||||
| - | Totat incoming | resources | 31,904 | 29,737 | |||||||
| EXPENDITURE | |||||||||||
| Charitable activities | |||||||||||
| Wages | 13,079 | 14,161 | |||||||||
| Rates | ; | 767 | 817 | ||||||||
| Insurance | . | 2,321 | 2,230 | ; | |||||||
| Light and heat | . | 1,574 | 773 | ||||||||
| _ | Printing and stationery | 121 | 366 | ||||||||
| Sundries | 3,430 | 91 | |||||||||
| Repairs and renewals | 981 | 750 | |||||||||
| Luncheon club | 5,706 | - | |||||||||
| Pop in | 103 | “ | |||||||||
| Accountancy | 936 | 920 | |||||||||
| ' | Depreciation offurniture and equipment | 956 | 949 | ||||||||
| 29,974 | 21,057 | ||||||||||
| Total resources expended | 29,974 | 21,057 | |||||||||
| Netincome | 1,930 | 8,680 |
This page does not form part of the statutory financial statements
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D.E. BALL& CO. LIMITED, CHARTERED ACCOUNTANTS