REGISTERED CHARITY NUMBER: 303056
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2021
for
Belmont Community Association
Munday Long Associates Ltd Chartered Certified Accountants Alton House 66-68 High Street Northwood Middlesex HA6 1BL
Belmont Community Association
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | Page | Page | |
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | ||
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
Belmont Community Association
Reference and Administrative Details for the Year Ended 31 December 2021
TRUSTEES S C Calderbank A J O'Dowd PRINCIPAL ADDRESS Kenton Lane Belmont Harrow Middlesex HA3 8RY REGISTERED CHARITY 303056 NUMBER INDEPENDENT EXAMINER Munday Long Associates Ltd Chartered Certified Accountants Alton House 66-68 High Street Northwood Middlesex HA6 1BL
Page 1
Belmont Community Assodatlo Report of the Trustees for the Year Ended 31 December 2021 The trustees present thelr report with the flnanclal statements of the char5ty for the year ended 31 December 2021. The trustees have adopted the provlsion5 of Accounting and RepDrtlng by Charitles.. Statement of Recommended Practlce appllcable to charities preparlng their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective I January 2019). OBJECTIVES AND ACTIVITIES Objectives and alms The alm of the charity is to promote any charitable purpose for the well-being of the Inhabitants restdlng In the neighbourhood by associating local authorityft voluntary organi5ations and residents in common effort to further health, to advance all forms of education and to foster a community spirlt for the achievement of these and such other purposes as may by law be deemed to be char6table. Its real strengths lie In the enormous amount of voluntary Service It recelves from Its mèmbers who willingly and generously give up thelr time at all hours. Volunteers do not recelve any remuneratlon and In almost all cases do not claim out of pocket expenses, Volunteers, executSve commlttee Is also responsible for the management of the builéing includlng rental of halls ancs their maintenance. All other activities of the association are done through voluntary sectlons and ern. ACHIEVEMENT AND PERFORMANCE Charltable activities Due to the COVID 19 pandemlc, all planned events and club artlvltles were postponed or cancelled from January 2021 to May 2021. A special Whist Holiday was organlsed for lune and then another In October. The local Woman'5 Institute have begun to Use the fadllties on a regular basls. No fundralslng attivitie5 were organised during thls year. Events We organised to support members of the community following the pandemic. FINANCIAL REVIEW Reserve5 policy It is the pollcy of the charlty to malntain and set as5de re5eNe funds at a level whlch approximately to equate two year5 unrestricted expenditu. Thls provldes sufficlent funds to cover management, adminlstratlon and support costs. Thls also allows for forward plannlng on a going concern ba51s. FUTURE PLANS The future long term plan5 Include: In5ulatlng the main hall roof arKf walls (Whe posslble), upgradlng the main hall heating and lighting and to paInt the exterlor of the building. STRUCTURE, GOVERNANCE AIID MANAGEMENT Governlng document Belmont Community Assoclatlon was established In 1945 and registered as a charity on 27 Ottober 1965. The charlty operates under rules adopted on 30 May 1950 as amended from time to time. Approved by order of the board of trustees on 28 April 2022 and signed on Its behalf by.. A J O'Dowé - Trnjstee Pa9e 2
Independent Examiner's Report to thc Trustees of Belmont Community A550ciation Independent examiner's report to the trustees of Helmont Communlty Association I report to the charity trustees on my examination of the accounts of BelrNont Comfflunity A550ciation Ithe Trust) for the year ended 31 December 2021. Responsibilities and basis of report As the chaflty trustees uf the Trust you are r2spL¥nsible for the preparatlon of ihe accounts In accordance with the requirements of the Charities Act 2011 1.the Act'l. I report in respecl of Thy examination ol the Trust's accounts carried out under section 145 of the Act and carrying OLJt my examination I have lollowed all appllcable D£rections given by the Charlty Commlssion under section 14515llbl of the Act. Independent examiner's statement I have completed Try examination. I 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 the 6ccounts do not accord with those fecords. or the accounts do nDt comply with the applicable requiretnents concerning the form and content of account5 set out In the Charlties (Accounts and Reports) Regulations 2008 other than any reqtjirement that the accounts give a trLJe and fair view which is not a matter considered as pèrt of an independent examination. I have no concerns and have come across no other matters In connection with the examination to which attention should be drawn in tttis report in order to enable a propel understanding of the accounts to be reached. M D Yousal FCCA Munday Long Associates Ltd Chartered Certified Accountants Alton House 66-68 High Street Northwood Middlesex HA6 IBL Date.. Pa¢Je 3
Belmont Community Association
Statement of Financial Activities for the Year Ended 31 December 2021
| 31.12.21 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Community Hall 31,523 Investment income 2 10 Total 31,533 EXPENDITURE ON Charitable activities Community Hall 21,087 NET INCOME/(EXPENDITURE) 10,446 RECONCILIATION OF FUNDS Total funds brought forward 88,721 TOTAL FUNDS CARRIED FORWARD 99,167 |
31.12.20 Total funds £ 12,099 94 12,193 33,484 (21,291) 110,012 88,721 |
|---|---|
The notes form part of these financial statements
Page 4
Belmont Communlty Assoclation Balan¢e Sheet 31 December 2021 31.12.21 Unrestrlcted fund 31.12.20 Total funds Notes FIXED ASSETS Tanglble assets 296 1,470 CURRENT ASSETS Debtor5 Cash at bank and in hand 1,551 122,511 4,172 91,179 124,062 95,351 CREDITORS Amounts falling due wlthln one year (25,1911 (8,100) NET CURRENT ASSETS 98,871 87,251 TOTAL ASSETS LESS CURRENT LIABILITIES 99,167 88,721 NET ASSETS 99,167 88,721 FUNDS Unrestricted funds 99,167 88,721 TOTAL FUNDS 99,167 88,721 The flnanclal statements were approved by the Board of Trustees and authorlsed for issue on 28 April 2022 and were slgned on it5 behalf by.. A J O'Dowd - Trustee LL S C Calderbank - Trustee The notes form part of these flnan¢ial statements Page 5
Belmont Community Association
Notes to the Financial Statements for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES
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.
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
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property Fixtures and fittings - 10% on cost Computer equipment - Straight line over 3 years
Taxation
The charity is exempt from tax on its charitable activities.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 6
Belmont Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| Deposit account interest | 10 | 94 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
4. TANGIBLE FIXED ASSETS
| Fixtures Short and leasehold fittings £ £ COST At 1 January 2021 134,786 61,462 Additions - 343 At 31 December 2021 134,786 61,805 DEPRECIATION At 1 January 2021 133,603 61,175 Charge for year 1,182 335 At 31 December 2021 134,785 61,510 NET BOOK VALUE At 31 December 2021 1 295 At 31 December 2020 1,183 287 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income |
Computer equipment £ 1,102 - 1,102 1,102 - 1,102 - - 31.12.21 £ - 1,551 1,551 |
Totals £ 197,350 343 |
Totals £ 197,350 343 |
|---|---|---|---|
| 197,693 | |||
| 195,880 1,517 |
|||
| 197,397 | |||
| 296 | |||
| 1,470 | |||
| 31.12.20 £ 1,809 2,363 4,172 |
|||
| 4,172 |
continued...
Page 7
Belmont Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.21 | 31.12.20 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 15,675 | - | |
| Accrued expenses | 9,516 | 8,100 | |
| 25,191 | 8,100 | ||
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1.1.21 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 88,721 | 10,446 | 99,167 |
| TOTAL FUNDS | 88,721 | 10,446 | 99,167 |
| Net movement in funds, included in the above are as | follows: | ||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 31,533 | (21,087) | 10,446 |
| TOTAL FUNDS | 31,533 | (21,087) | 10,446 |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.1.20 | in funds | 31.12.20 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 110,012 | (21,291) | 88,721 |
| TOTAL FUNDS | 110,012 | (21,291) | 88,721 |
| Comparative net movement in funds, included in the | above are as follows: | ||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 12,193 | (33,484) | (21,291) |
| TOTAL FUNDS | 12,193 | (33,484) | (21,291) |
7. MOVEMENT IN FUNDS
continued...
Page 8
Belmont Community Association
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.20 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 110,012 | (10,845) | 99,167 |
| TOTAL FUNDS | 110,012 | (10,845) | 99,167 |
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 | 43,726 | (54,571) | (10,845) |
| TOTAL FUNDS | 43,726 | (54,571) | (10,845) |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 9
Belmont Community Association
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| 31.12.21 | 31.12.20 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Investment income | ||
| Deposit account interest | 10 | 94 |
| Charitable activities | ||
| Subscriptions | 125 | - |
| Fundraising events | 376 | 262 |
| Hire of premises | 29,345 | 10,255 |
| Sections activities | 1,677 | 1,582 |
| 31,523 | 12,099 | |
| Total incoming resources | 31,533 | 12,193 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rent | 6,745 | 3,417 |
| Rates and water | 2,063 | 733 |
| Insurance | 2,443 | 2,208 |
| Light and heat | 4,733 | 7,708 |
| Telephone | 235 | 217 |
| Postage and stationery | 320 | 59 |
| Sundries | - | 40 |
| Repairs and maintenance | 2,131 | 7,055 |
| Depreciation of short leasehold | 1,182 | 9,077 |
| Depreciation of fixtures & fittings | 335 | 1,428 |
| Depreciation of computer equipment | - | 142 |
| Donations | - | 500 |
| 20,187 | 32,584 | |
| Support costs | ||
| Governance costs | ||
| Accountancy | 900 | 900 |
| Total resources expended | 21,087 | 33,484 |
| Net income/(expenditure) | 10,446 | (21,291) |
This page does not form part of the statutory financial statements
Page 10