REGJSTERED CHARITY NUMBER: 218225 REPORT OF THE TRUSTEES AND NA TTED FINAN IAL STATEMENTS R THE YEAR ENDED 31ST JULY 2024 FOR BEL ITY HALL D E Ball & Co Limited Chartered Accountants 15 Bridge Road Wellington Telford Shropshire TFI IEB D.LBIU&CO.LIMIIED.CTrIARTEWhCQWNfANTS
BELMONT COMMUNITY HALL CONTENTS OF THE FtNANCIAL STATEMENTS for the Year Ended 31st Jul 2024 Pgge Report of the Trustees Independent Examiner's Report Statement ofFinaneial Acttvitios Balance Sheet '. Note5 to the Financial Statements Detailed Statsment of FlnAnel81 A¢tivitie5 12 D. & DALL&CO. uullEI), (IIIJITEREDACCOUNTAwf5
BELMONT COMMUNITY HALL REPORT OF THE TRUSTEES for the Year Ended 31st Jul 2024 The trustees present their report with the financial stat¢m¢nts of the charity for the year ended 3 1st July 2024. The trustees have adopted the provisions of Accounting and Reporting by Chariti¢s- Statem¢nt of Recommended Prdciice applicable to charities preparing their accounts in accordance with the Financ221 Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019). OBJEcfivES AND ACTIVITIES Objectives and aims The object5 of the charity are the following-" {1) To benefit the residents of Wellington (Shropshire) and the Theighbourhood, without distinction of Sex, sexual orientation. race or of political, religious or oih¢r opinions, by a5SiSting the work of statutory authorsties, voluntary and community and other organisations, by providing facililie5 in the interests of social welfare for recreation and l¢isur¢ titne occupation with the objeciive of improving the conditions of lif¢ for the residents. {2) To provide and manage a senior citizen's club to be known as the Belmont Club. ACHIEVEMENT AND PERFORMAF4CE Charilable activities There has been no major changes in the &tivitirs of the Charity during the year. The financial position of the Charity has remained satisfactory though the trustees recognise the finances still need to be elosely F¢vi¢wed. FJJYANCIAL REVIEW Reserves policy The trustee5 have a policy to ty and build up the general funds of the eharity to meet the major Tepair costs of the building &5 and when they arise. The trustees will regularly review the level of the general funds of the chariry to ensure they do not become excessive. STRUCTURE, GOVERNANCE AND MANAGEMETr Governing document The charity is controlled by its governing document, a deed of trust and ¢on5titutes an unincorporated charity- REFERENCE AND ADMINISTRATIVE DETAIts Registered Charity number 218225 Principal address New Street Wellington Telford Shropshir¢ TFI ILU Trustees Mrs M Powell D Evans R Perkin5 P T Morris- Jones Page I LI.I.NLLaCO.LINfrrED,CHARtEREDACCQVNIPATS
BELMONT MMUNITY HALL REPORT V THE TRUSTEES for the Year EDded 31st Jul 2024 REFERENCE AND ADMINISTRATIVE DETAILS Jndependertt Examiner D E Ball & Co Limited Chartered Accouniants 15 Bridge Road Wellington Telford Shropshire TFI IEB Approved by order of the board of trustees on 8th November 2024 and signed on its behalf by: Mrs M Pow¢ll - Trustee Page 2 D. L 8ILL&CO.JJbllTED,(HAAfEieDiccoUirrArS
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BELMONT COMMUNITY HALL Independent examiner'5 report to the trustees ofBelmoD¢ Community Hall I report to the charity trustEe5 on Y exatnination of the accounts ol Belmont Community Hall {the Trust) for the year ended 3 1st July 2024. Responsibilitie5 basi5 of report As the charity trustees of the Trust you are responsible for the prepardtion of the accounts in accordance with the requirements of the Charities Act 2011 {'th¢ A¢t'). I report in respect of my examination of th¢ Trust'5 accounts cTled out under Section 145 of ihe Act and in carrying out my examirtation I have followed all applicable Directions given by the Charity Commission under Section 145(5)Ib) of the Act. Independent ex3miner'5 statement I have co]npleted my examination. l ¢onfmn that no material matters have come io my attention in Connection with the examination giving me cause to believe that in any materiai respect.. accounting records were not kept in respeel olth¢ TTUSt as required by Section 130 of the Act., or (he accounts do not accord with thos¢ r¢¢ords', or the accounts do not comply with th¢ appli¢able requirements concerning the forni and content of accounts set out ID th¢ Charities (Accounts and Reports) R¢gulations 2008 other than any requirement that the accounts give a tre and fair view wbich is not a matter considered a5 part of an independent examination. I have no concerns and have come across no other matters in ¢onnection with th¢ examination to which attention should be drawn in thi5 report in order to enable a proper undersianding of the accounts to be r¢ach¢d. Russell Ball FCA D E Ball & Co Limited Chanered Accountants 15 Bridge Road Wellingtoii Telford Shropshire TFI IEB 8th November 2024 Page 3 D. &BALL&CO.UMITED. CHARiEBEDACCOUNTApirs
BELMONT C MfvIuNITY HALL srATEMENT OF FIf4ANCIAL ACTIVITIES for the Year Ended 31st Jul 2024 31.7.24 To¢al nds 31.7.23 Total nds Unrestricted nd Re5tr1Cted nd Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3.680 3.680 4,405 Other trdding activities Investment income 35.488 779 35,488 779 28,866 523 Total 39,947 39,947 33,794 EXPENDJTURE ON Charit2ble activities Provision of Senior Citizens Club 41,205 480 41,685 33,805 NET INCOMEI(EXPEf4DITURE) (1,258) (480) {1.738) RECONCILIATION OF FUNDS Total funds brought foTward 102,546 3.200 105,746 105,757 TOTAL FUNDS CARRIED FORWARD 101,288 2,720 104,008 105.746 The note5 fomi part of these financial siatements Page 4 D.E. L&cO.[rrED.CHAKrEKEDACcovfANTS
BELMONT COMMUNITY HALL BALANCE SHEET 31st Jul 2024 31.724 Total funds 31.7.23 Total fund5 Unrestricted fvnd Restricted fund Notes FIXED ASSETS Tangible assets Investments 72,421 1,713 2,720 75,141 1,713 76,153 1,713 74,134 2,720 76,854 77,866 CURRENT ASSETS Stocks Cash at bank and in hand 150 27.494 150 27,494 150 28,148 27,644 27,644 28,298 CREDITORS Amounts falling du¢ within one year 10 (490) (418) NET CURRENT ASSETS 27.154 27,154 27,880 TOTAL ASSETS LESS CURRENT LIABILITIES 101288 2,720 104,008 105.746 NET ASSETS 101.288 2,720 104,008 105,746 FUNDS Unrestricted funds Restricted funds 101,288 2.720 102,546 3.200 TOTAL FUNDS 104,008 105,746 The financial statements were approved by the Board of Tru5t¢e5 and authorised for issue on 8th November 2024 and were signed on its behalf by: M Powell - Trustee The notes forni part of ihese financial Statements Page 5 D.I BAiL&CO. UNJIED,(JL4KIEREDaCCOUNTk¥15
BELMONT COMMUNITY HALL OTES TO THE FINANCIAL STATE for the Year Ended 31st UI 2024 Erfrs ACCOUNTING POLICIES Basis of preparing the fIancial 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: Siatement of Recommended Practice applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic Of Ireland IFRS 102) (effectiv¢ l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Chariiies Act 201 l. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. Ineota]e All income is recognised in the Statement of Financial Activities on¢e the chariry has entitlement to the funds, it 15 probable that the inwme will be rec¢iv¢d and the amount can be measured reliably. Expenditure Liabilities are recognised as ¢xpenditure as soon as there is a legal or constructive obligation committtng the charity to that expenditure, it is probablt that a transfer of economic benefits will be required in settlement and the amount of the obligation Can be meastsred reliably. ExpendÈture 15 accounted for on an accruals basis and has been classified under heading5 that aggregate all c05t related to the eategory. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resouwes. Tangible fixed assets Depreciation is PTovided at ihe following annual rates in order to write off each asset over its estimated useful life. Fumiture and ¢quipment 15fj/0 on reducing balance Freehold propery is not depreciated. The Trustees are of the view that the level of ongoing repair alld 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 ¢osi. This is reviewed at)nu8lly by the Trustees. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxatlon The charity 15 exempt from tax on its chariiable activities. Fund aecounting Unrestricted fi]nds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted ndS can only be used for particular restricted PUTposes within the objects of the charity. Restrictions arÉse when specified by the donor or when fwids are raised for particular restricted purposes. Further explanation of the nature and purpose of earh fund is includ¢d iii the notes to the financial statements. Page 6 continued... D.EAILL&Ca LIMITED,CEIWEREDAccouNfAPItS
BELMO TY HALL FINANCIAL STATEMENTS- continued (or the Year Ended 31st Jul 2024 OTHER TRADING ACTIVITIES 31.7.24 31.7.23 Room lettings Door collectigns and raffle5 Luncheon club Christmas party Pop in 13,528 6.603 13,893 90 1.374 14.736 5.082 7.691 312 1,045 35,488 28,866 INVESTMENT INCOME 31.7.24 31.7.23 Dividend - STWA Bank interest 518 261 473 50 779 523 TRUSTEES, REMUNERATION AND BENEFITS There were no trustee5' remuneration or other benefits for the year ¢nd¢d 31st July 2024 nor for the year ended 31 st July 2023. Trustees, expenses There were no trustees, ¢xp¢nses paid for the year ended 3 1st July 2024 nor for the year ended 3 1st July 2023. STAFF COSTS The average monthly number of employee5 during the year was as follows-. 31.7.24 31.7.23 Hall managelnenl No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nd Restricted fund Total nds INCOME AND ENDOWMENTS FROM Donations and legacies 4,405 4,405 Other iradints activiti¢s Investment inCOTne 28,866 523 28,866 523 Total 33,794 33,794 EXPENDITURE ON Page 7 contÉnued... D.EBALL&CUUMITEUCILIKfEREDAtCQUNTAf5
BELMONT COMMUNJTY HALL NOTES T THE FINANCIAL STAT Ef4TS- continued for the Year Ended 31st Jul 2024 COMPARATIVES FOR THE STATEME]YT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted nd fund Total funds Charitsble 8ctivities Provision of Senior Citizens Club 33,240 565 33,805 NET INCOMEI(EXPENDITURE) 554 (565) RECONCILIATION OF FUNDS Total fvnds brought forward 101,992 3.765 105,757 TOTAL FUf4DS CARRIED FORWARD 102.546 3,200 105.746 TANGIBLE FIXED ASSETS Furniture and equipment Land and buildings Totals COST At 1st August 2023 and 31st July 2024 69,407 25,487 94,894 DEPRECIATION At 1st August 2023 Charge for year 18,741 1,012 18,741 1,012 At 3 1st July 2024 19,753 NET BOOK VALUE At 315t July 2024 69,407 5,734 75,141 At 3 1st July 2023 69,407 6,746 76,153 FIXED ASSET INVESTMENTS UK quoted investments MARKET VALUE At 1st August 2023 and 3 1st luly 2024 1.713 NET BOOK VALUE At 315t July 2024 1,713 At 3 1st July 2023 1,713 There were no investment assets outside the UK. The market value of the investments at the 31 July 2024 £11,407 { 31 July 2023 £11,314). Page 8 continued... D. EBALL&CO. UMM, OL4R]EREDACCOUNThNfs
BELM TY HALL NOTES T TH IAL STATEMENTS- eoThtintsed for the Year Ended 31st Jul 2024 STOCKS 31.7.24 31.7.23 Sto¢ks 150 150 io. CREDITORS: AMOUNfs FALLING DUE THiN ONE YEAR 31.7.24 31.7.23 Other ¢redi¢or5 490 418 ii. MOVEMEf4T IN FUNDS Net moyement in fund5 At 31.7.24 At 1.8.23 Unrcstrlcted fllnds General fimd 102,546 (1,258) 101,288 Restricted funds Lottery Fund 3,200 {480) 2,720 TOTAL FUNDS 105,746 11,738) 104,008 Net moY¢ment in nds, included in the above are as follows: Incorning resources Resources ¢xp¢nded Movement in ndS Unrestricted funds General fund 39.947 {41,205) (1.2581 Restricted fuDd5 Lottery Fund (480) (480) TOTAL FUNDS 39.947 (41,685) (1.738) Page 9 continu¢d... D. E. &( UNFfED, CIIARTEREDAtCOUNTArirs
BELMONT Colmu HALL NOTES TO THE FJNANCIAL STATEMENTS- for the Year Ended 31st Jul 2024 nued MOVEMENT IIY FUF4DS- continued Comparative5 for movement in funds Net moveTnent in fund5 At 31.7.23 At 1.8.22 Unrestricted lunds General fund 101,992 554 102,546 Restricted funds Lottery Fund 3,765 {565) 3,200 TOTAL FUNDS 105.757 105,746 Comparative net movem¢nt in funds, included in the above are a5 follows.. Incomiiig resources Resour¢¢s expended Movem¢nt in fund5 Unrestrieted fulld5 General fund 33,794 133.240) 554 Restricted funds Lottery Fund (565) (565) TOTAL FUNDS 33,794 (33,805) A current year 12 month5 and prior year 12 months cornbined position is as follows.. Net movement in funds At 31.7.24 At 1.8.22 Unrestricted fumds General fund 101,992 (704) 101,288 Restricted funds Lottery Fund 3,765 {1.045) 2,720 TOTAL FUNDS 105,757 (1,749) 104,008 Page 10 ontinued... D.E.uL&cts.uMrEED.CHARTÉDAcLQUmrANTs
BELMONT COMMU Y HALL NOTES TO THE FINANCIAL STATEMEP4TS- eontin for the Ye Ended 31st Jul 2024 ed MOVEMENT IN FUNDS- coDtinued A curr¢nt year 12 tnonths and prior y¢ar 12 months Combined net movement in funds. included in the above are as follow5.. Jncoming resources Resource5 expended Movement in funds Unrestricted funds General fund 73,741 (74,445} (704) Restricted funds Lottery Fund (1,045) (1.045) TOTAL FUNDS 73.741 {75,4901 11,749) The General Fund represents ndS available to flllfil the objectives of the charity. The Lottery Fund relat¢5 to money received for the refurbishment of the building. RELATED PARTY DISCLOSURES 12. There were no related party transactions for the year ended 3 1st July 2024. Pagell D.E. WL&CQ.UlalTD.ClllmRFDAccoiiprrAN
BELMof4T OMMUNITY ALL DETAILED STATEMENT OF FINANCIAL A for the Year ded 31st Jul 2024 TJVITIE 31.7.24 31.7.23 INCOME AND ENDOWMENTS DonatSons and legacie5 Grdnts Membership 3,000 680 4,170 235 3,680 4,405 Other trHding activities Room lettings Door Collections and raffles Luncheon club Christmas party Pop in 13,528 6,603 13,893 90 1.374 14.736 5,082 7,691 312 1.045 35,488 28,866 Investment income Dividend- STWA Bank interest 518 261 473 50 779 523 Total Incoming resources 39,947 33,794 EXPENDITURE Charitable activlties Wages Rates Insurance Light and heat Printing and stationery Sundries Repairs and renewals Luncheon club Pop in Accountan¢y Depreciation of rnItUre and equipment 14,569 520 1.707 2,221 74 4,485 978 13,839 1,308 972 ,012 12,850 919 2,067 2.100 34 2,615 2,210 7,648 1.488 960 914 41,685 33.805 Total resources expended 41,685 33.805 ]Yet expenditure {1,7J81 This page does not forni part of the statuiory financial statements Page 12 D.&8ALL&CQ.LIMl7t.D.CHARTEREDAccouiifAPtrs