Rqiitered Chartty 295729
Regtyterod Charity 295729 ement Commlttee Re Year thdtd 31° M*rch 2024 P•8es 1 & 2 Annual Rq Bce Sheet Nota8 to th¢ Fioan¢iai Statements
Cbarlty 295729 The Belvedere CoDMnW?i Man ement Committee Re F r the YeAr tnded 31° March 2024 Thc Belved Cornmwty A&ociatso Beivoir Stre4 Nlxwith. NR2 3AZ is with the ChaTity Commissionus No. 295729 and c4)nstituted by Deed of Tru SMBettS Jcox Others L Ellin8h8m J HannaDt S Ha8U¢ D J¢nDings T Mcilwain¢ JPwt Indepdent Examiner Kevin J. Rhi Chartcred Accounlant4 Hunp#cad Hou84 Hemp#l Norfolk. NR12 (ISH. Bankers HSBC Bank pl4 18 Ld0 Stree¢ NoTwi& NR2 ILG. The object of the Chatity is to tablIsh. maiDtsin and a Community Cffltr¢ (Th¢ B¢lv¢dX¢ Community Association) to pyovidc fa¢iJities in the interests of social welfw¢ for re¢r¢ion and leisure time occupation with the obje¢t of impmin8 Conditions of life for the said inhabitants of the Central West areas of NorwidL Th¢ total in¢oming resour¢¢s for th¢ yew w¢r¢ £34,166. ¢ompw&4 to £22.169 in 2023, which is mainly du¢ to 8 transfu of £5,400 from the BelveAlere Club followiD8 the c]osure of its bank a¢¢ount. The incom¢ from hirin8 the centre to local community 8roups and private hire has increased to £13.952 (2023.. £11.600) 4 the Man88ement Cornmittee bave be able to tht more re8ul8r user 8roups. These 8TOUPS and the ¢afé r¢m•iti the m•in sourtts of in¢om¢ foT the ¢Mtr4 IMt as d¢tsil¢d below do not provide ¢nough income to cover the nllming iy)sts of th¢ $0 the Management Committee 8re actively lookin8 for fAlditional fund8 sour Th¢ total ¢xp¢nditw¢ was £39.655, which wbstantialty higher th8n in 2023.. £33.746. which is mainly due to a substantial increase in both 8&s aDd ele£tricity thie to the hu8¢ incrcascs in th¢ world. wide cost of 8as. There was also a substantial increas¢ in repairs as although th¢ Mana8¢llt Committee only out ¢ss¢ntiai r¢pair& th¢ ¢Mtr¢ is at ag¢ it th)es now r4uire a lot of investmen( but there are not th¢ funds to Ixry this and to IxiD8 it to the staDdwd th¢ Mana8em¢nt Committcc would like. The totsl wuestricted fimds carried forwwd ar¢ £8.234 (2023 . £13.723). vthi¢b is duc to th¢ op¢rating deficit due to the continued l& of any grant fundin8 this y¢ar and th¢ sUbtsiti increase in the costs of simpty keeping th¢ centre Op and heate P¢yl
R¢Rl#ered CINrtty 29S729 •IMa TIK rcntr¥ 1% 0W at U P051tion where unli.4S it Ixn gcn¥raic wrfjrc in¢on7c from Ih¢. hi of t1 ond 011 &irani funding for core Losts. Ih¢n li Tun¥ the tigk ofha¥in¥ lo closc duc lo R lack or r¢scrvL4. Th¢ Manu8LlI)cni Committ¢c Contin to see grnnt funding bji in ihc vJrrcn¢ CWD(Imi cIiTDatc this is proving very diifKuli. The Man4g¢m¢ni Comm¢i¢¢e aw8r¢ IhBt Ivaur£ of rurnin8 at 8 d¢fKi¢ for lh¢ Iw 114ree ye4¢%and cvcn with ihl. rcdwLyI defiLlt this yLBr il i5 Dow in a silvalion. wh¢rc ih¢ relaincd teseTVWS arc ttol enough io cover ihe ofrunning thc cen¢Te Dei ot'th¢ irKome from ih¢ reni ofii 1010¢81 gTOUPS d fTom Ih¢ cafLK 11 'ill ibcr¢fore io ¥ith¢r substaniially Incrca ith inLOiW in thc y¢w¢ndc JI March 2025 or f&c ihc Tc¥I risk ofclLKsure. Thc M4na¥¢moM Commiiiec arc thr¢fo tclivcly sc¢kin8 addiiional funding whcrccosls can bc OvcTall, in li8ht of thc o1)vc. th¢ ManMgem¢nt Committ¢¢ IKlivc tha¢ thc kvcl of held is n suffiiicni io ¢nsur¢ ihN thc¢xntr¢ wfftll iK' abk fort1 ncxt 12 munthb.. Rcvi f ALhi Thc ¢¢ntr¢ wasubk to pte muth m¢)Te nomw]ly ihis y¢r•nd be •bl¢ to 884in provide affordJbl¢ vww¢8 fw ¢omrntsity well a carr Ind meoting plttt for local Thc M4nJ8iTh¢nt Committcc 5CLks ¢0 Qncoage additi4)nol 8¢cl¥on5 and ¢lubs to fonn to thr Lommunily C¢nlro f8¢ililios ManLI1)ent Lx.rt]SL. ¥s %%L.11 a5 lo JUP¢ promoK' assis Lurrcnt usris. This reporl w& ¢pwovcd hy the N4•Ngcrn¢ni Conimiiircsm 300¢r 2024 si8Kd on Ihcii bchalf. .. MISS S M 1SFrrs- CHAIRMAN
RegiJter¢d Charity Nth 295729 Inde d t sltr.5 Re rt to the Mana ement Conmil re Communi Assotiation r ended 31° March 2024 31# March 2024. whicb are set out on pa8¢s 4 to 6. is in try¢£t of all wnillation carrAed (t under th¢ Clwitics Act 2011 fthe ALV). ectÉve r onsibilities of Ma As the charity's MaD88an¢nt Committe¢ you arc respongbl¢ for th¢ prtyarntion ofth¢ in accordance with the requiretnrnts of th¢ Charities Act 2011 fth¢ Arf). Basis of ind My examination was catTied out in ¢0[d<4 with the GAenl Directions given iy th¢ awity Commission under Sec4i(w 43 (7Xb) Clwiti¢s AL* 201 l. An ¢XaMion includes a rcvicw of the a0ting rrtords kept by the ¢hwity and a ofthe #¢fA)unts presented with thos¢ re¢ords. It also indudes rAJnsid¢ration of any items or disGlosur¢s in th¢ aUnts and seeking und¢rtakeD th) Dot provid¢ all the evid¢oce thal would be Tquired in an audi(8Dd c(KWUfntly. I do llot ¢XPT¢SS an audit opinion on th¢ vi¢w 8iVaL by the wxounl& endent examiner's statement l. Which gives me re&g)nable cause to believe that in any mthial rwpect of th¢ r¢quirrnts: to keep accounting rordS in acc4)rdance with section 41 of the Acr and to prepare accowits whieth )rd with the 8CQ)utttitig records and tt) COlllY with th¢ countr8 requirenmts ofthe A¢ have not been me¢ or 2. to Whi in my Opinio atta]tion sknuld k dravrn in Order to a1¢ a propu unduthding of the ounts to bc rcathe CHARTERED ACCOUNTANTS Hempstead House Hempstead NoTwicb NR12 OSH Dat this 31 day of Oot0 2024 P3
Regi8teYed Cknity 295729 The Belvedere ConuDUDI Income aDd Ey diture Accoun F r the Yr ended 31" March 2024 2024 INCOMING RKSOURCLS R¢gular Uw Groups Room Hire Private Function Hxre StiOns incjuding Coniiw Evo 8nd Café B¢lv¢d¢r¢ Social aub Fund R8ising iticludjng Grants 13,952 632 8,788 883 13,6S2 12,399 Totsl Inming Resovrc 34.166 22.169 Direct Costs Se£tions alld Community Eve4 Bar and Café supplies Laundry. Cleauin8 and Wast¢ 373 3.578 13.644 701 4.658 13,823 17.595 19.182 LigbL Hcat and Pow Rat¢s and Water Repairs and Ramvals Garden Costs TelkOn¢ Office Costs and Stationay General Insurance Licen¢es and subs1p0llS Accountallcy Le8al Fees Mileage and C8ll Out EXP Sundry Expen and Bank Charg 13.346 927 3,041 62 473 73 968 494 600 7,270 65 1.252 745 359 42 957 478 570 31)0 1.219 1.356 951 25YJ 1.073 713 22,060 15?64 TOTAL EXPEIYDrruRE 39.655 34.746 NET DEFICIT FOR YEAR 5,489) 12577) The notes on pa8e 5 forni pth of these xcomits Po8¢ 4
Registered Clwity 295729 tion The Belvedere Comm Al 8t31° Martb 2024 2024 2023 FIXED ASSETS (Ntye 2) 2.140 2,853 CURRENT ASSETS Cash at Bank Cash in H8nd 8270 50 12,446 50 &320 12,496 CURRENT LIABILTrILs Creditors and Accrued ExPS 2226 1.626 NET CURRENT ASSETS 10.870 £8234 £13.723 REPRLSENfED BY: As at 1st April 2023 Net Moveo)ent ofFunds for th¢ Year £13.723 {5.489) 26JlXI (12,577) £8234 £13,723 P5
R•t¢red Charity Nth 295729 The Belvedere C mrnw A880¢iation Notes to the Financi Statements F r the Yr Ended 31 t Marth 2024 ACCOUNTING POLICIES AetOUD¢ing ConvtDtion The accounts have been pr¢par¢d und¢r the hi5toriGai cost CODv¢ntion. and in accord8nce with the Ststemellt ofRecomended Practice for cILtieS (Charities SORP FRS102), where applicable. Deptt¢latfoD Depreciation is provided on all tsngible fixed asset4 after the tskin8 into account of any 8rants receivable, at the following amiuai rates in order to write off the cost of each asset over its estimated usthl life: Fixtur¢8 and Fittxn83 25% wrilt¢n down valu¢. TANGIBLE FIXED ASSETS Flxturej & Fltdnga Cost At Ist April 2023 And At 3 1st March 2024 28,429 Depreclatlon At 1st April 2023 Charg¢ for year 25,576 713 At 31gt MaTch 2024 26.289 Net Book Value At 31st March 2024 2.140 At 31st Mor¢h 2023 2,853 Pog¢ O