Rqiitered Chartty 295729

Regtyterod Charity 295729
ement Commlttee Re
Year thdtd 31° M*rch 2024
P•8es
1 & 2 Annual Rq
B￿￿ce 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
Indep￿dent Examiner
Kevin J. Rhi
Chartcred Accounlant4
Hunp#cad Hou84
Hemp#*l
Norfolk. NR12 (ISH.
Bankers
HSBC Bank pl4
18 L￿d0￿ Stree¢
NoTwi& NR2 ILG.
The object of the Chatity is to ￿tablIsh. maiDtsin and a Community Cffltr¢ (Th¢ B¢lv¢d*X¢
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 fund￿8 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 0￿11￿ &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 ￿p￿te 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 Qnco￿age additi4)nol 8¢cl¥on5 and ¢lubs to fonn to thr
Lommunily C¢nlro f8¢ililios Man￿LI1)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 ￿s￿l￿tr.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 ¢XaMi￿on includes a rcvicw of the
a￿0￿￿ting 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¢ a￿Unts 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 r￿ordS in acc4)rdance with section 41 of the Acr and
to prepare accowits whieth ￿)rd with the 8CQ)utttitig records and tt) COll￿lY 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 a￿1¢ a propu unduthding of the
ounts to bc rcathe
CHARTERED ACCOUNTANTS
Hempstead House
Hempstead
NoTwicb NR12 OSH
Dat￿ this 31￿ day of Oot0￿ 2024
P￿3

Regi8teYed Cknity 295729
The Belvedere ConuDUDI
Income aDd Ey diture Accoun
F r the Y￿r ended 31" March 2024
2024
INCOMING RKSOURCLS
R¢gular Uw Groups Room Hire
Private Function Hxre
S￿tiOns 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 In￿ming 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
Tel￿kOn¢
Office Costs and Stationay
General Insurance
Licen¢es and subs￿1p￿0llS
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 ExP￿S
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
P￿5

R￿￿•t¢red Charity Nth 295729
The Belvedere C
mrnw￿ A880¢iation
Notes to the Financi￿ Statements
F r the Y￿r 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 cI￿LtieS (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