Belmont Playcare
Statement of Financial Activities
For the year Ended 30 June 2023
Total
2023
Total
2022
Income from:
Donations and legacies
Other trading activities
Investments
Other income
40
237,565
543
8,685
40
237,565
543
8,685
17
228,441
66
11,067
Total income
246,833
246,833
239,591
Expenditure on:
Charitable activities
Playcare expenses
Governance costs
222,270
19,661
222,270
19.661
211,453
19,522
Total expenditure
241,931
241,931
230,975
Net income (deficit) for the
year
4,902
4,902
8.616
Transfers between funds
Net movement in funds
4,902
4,902
8,616
Reconciliation of funds:
Total funds brought foThvard
134.054
15
134,069
125,453
Fund balances at 30 June 2023
138,g56
15
138,971
134,069
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activibes.
The statement of financial activities also complies wilh the requirements for an income and expenditure
account under the Companies Act 2006.

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2023
2023
2022
Fixed assets
Tangible assets
11
4,120
5,343
4,120
5,343
Current assets
Debtors
Cash at bank and in hand
12
4,003
17C,369
2,690
163,186
174,372
165,876
Creditors: amounts falling due withln one year
13
(39,521)
{37,150)
Net current assets
134,851
128,726
Total assets less current liabilities
138,971
134,069
Income funds
Restricted funds
Unrestricted funds
14
14
15
138,956
15
134,054
Total charity funds
15
138,971
134,069
The company is entitled to the exemption from the audit requirement contsined in section 477 of the
Companies Act 2006 for the year ended 30 June 2023. No member of the company has deposited a notice,
pursuant to section 476, requiring an audrt of these accounts under the requirements of the Companies Act
2006.
The trustees responsibilities for ensuring that the charity keeps accounting records which comply with
Section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the
ompany as at the end of the financial year and of its incoming resources and applicab'on of resources.
including its income and expendtture. for the fsnancial year in accordance wtth the requirements of sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to companies, subject to
the small companies, regime.
The financial ststements were approved and authorisea for issue by the Board on 16 October 2023.
Signed on behalf of the tx)ard of trusteec
Sandy Micik
Trustee
ey
Trustee

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2023
Company Registration No. N1605718
Summary of significant accounting policies
(a) General information and basis of preparation
Belmont Playcare is a private company limited by guarantee, registered in Northern Iieland and a
registered charity in Northern Ireland. The address of the registered Offi￿ is 215 Belmont Road,
Belfast, B T4 2AG.
The charity constrtutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charits"es: Statement of
Recommended Practs'ce applicable to charities preparing their accounts in accordan￿ with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16
JUSY 2014 las updated through Update Bulletin 1 published on 2 February 20161, the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102}, the Charities
Act (Northern Ireland) 2008, the Companies Act 2006 and UK Generally Accepted Accounting
Practi￿.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a
cash flow ststement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concem basis under the historical cost convention,
modified to include certain items at fair value. The financial statements are presented in sterling which
is the fvnctional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been Gonsistently applied to all years presented unless othemise stated.
(bl Funds
Unrestricted funds a￿ available for use at the discreb.on of the trustees in furtherance of the general
objectives of the charity and wb.ich lave not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the charity for particular purposes The Cost of raising and
administenng such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Endowment funds represent those assets which must be held permanently by the charity. Income
arising on the endowment fijnds can be used in accordance with the objects of the charity and is
included as unrestricted income. Any capital gains or losses arising on the investments form part of
the fund. I nvestment management Gharges and legal advi￿ relating to the fvnd are charged against
the fund.
(c) Income recognition
All incoming resources are included in the Statement of Financial Activities (SoFA} when the chartty is
legally entl￿ed to the income after any performance cors.ditions have been met, the amount can be
measured reliably. and it is probabte th2t the income'wlli be received.
For donations to be recognised the charity will have beery notified of the amounis and the settlement
date in writing. If there are conditloli s attached to the donation and this requires a level of pert)rmance
before entl￿ernent can be obtsined. then income is de.erred until those conditions are fvlly met or the
10

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2023
fulfilment of those conditions is within the control of the charty and st is probable that they will be
fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value when
their economic benefit is probable, it can be measured reliably and the charity has control over the
item. Fair value is detemiined on the basis of the value of the gift to the charity. For example, the
amount the charity would be willing to pay in the open market for such facilities and services. A
corresponding amount is recognised in expenditure.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
Further detail is given in the Trustees. Annual Report.
Fixed asset gifts in kind are recognised when re￿1vable and are included at fair value. They are not
deferred over the life of the asset.
For legacies, entitlement is the earlier of the charty being notified of an impending diotribution or the
legacy being received. At this point income is recognised. On occasion legacies will be notified to the
charity however it is not possible to measure the amount expected to be distributed. On these
cccasions, the legacy is treated as a contingent asset and disdosed.
Income from trading activities includes income eamed from fundraising events and trading activities to
raise funds for the charity. Income is received in exchange for supplying goods and services in order to
raise funds and is recognised when entidement has occurred.
The charity recetves government grants. Income trom government and other grants are recognised at
fair value when the charity has entitlement after any perfomants condib'ons have been met, it Is
probable that the income will be r￿1ved, and the amount can be measured reliably. If entitlement is
not met, then these arnounts are deferred.
Investment income is eamed through holding assets for investment purposes such as shares and
propety. It includes dividends, interest and rent. Where it is not practicable to identify investment
management costs incurred within a scheme with reasonable accuracy the investment income is
reported net of these costs. It is included when the amount can be measured reliably. Interest income
is recognised using the effeth've interest method and dividend and rent income is recognise6 as the
charity's right to re￿1ve payment is established.
Other income includes the conversion of endowment funds into income which arises when capital
nds are released to an income fund from expendable endowments or when a charity has authority to
-dopt a total return approach to its permanent endowment fund. It also includes other income such as
gains on disposals of tangible fixed assets.
{dl Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognised where there is a legal or
constructive obligation to make payments to third parties, it is probable that the sett]ement will be
required, and the amount of the obligotion can be measured reliably. It is categorised under the
following headings-
Costs of raising ￿nds",
Expenditure on charitable activities inc5udes', and
other expenditure represents those items not falling into the categoiies above.
Irrecoverable VAT is charged aD. expense against the activity for which expenditure arose.

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2023
(e) Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable
activities and include Offi￿ costs, governan￿ costs. administrative payroll costs. They are incurred
directly in support of expenditure on the objects of the charity. lthere support costs cannot be directly
attributed to particular headings, they have been allocated to cost of raising ￿ndS and expenditure on
charitable acb'vities on a basis consistent with u* of the reSoUr￿S
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs
of disseminating information in support of the charitable activities.
(fj Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost} or valuation less accumulated depreciation
and accumulated impairment losses. Cost includes costs directly attributable to making the asset
capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less
estimated residual value, of each asset on a systematic basis over its expected useful life as follows,.
Fixtures and fittings
150A per annum reducing balance
(g) Debtors and creditors receivable I payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
(h) Loans and borrowings
Loans and borrowings are inÉtially recognised at the transaction price including transaction costs.
Subsequently, they are measured at amortised cost using the effective interest rate method, less
impairment. If an arrangement constitutes a finan￿ transaction it is measured at present value.
(i) Impaimient
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at
each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's
cash generating unit, is estimated and compared to the carying amount. Where the carrying amour,t
exceeds its recoverable amount. an impairment loss is recognised in profit or loss unless the asset is
carried at a revalued amount wher6 the impaiment loss is a revaluation decrease,
ti) Provisions
Provisions are recognised whAn the charity has an obligation at the balance sheet date as a result of a
past event, rt is probable that an outhow of economic beiiefits will be required in settlement and the
amount rAn be reliably estimated.
{k) Leases
Assets¢ acquired under finan￿ leases are capitalised and depreciated over the shorter of the lease
term and the expected useful life of the asset minirr.iim lease payments are apportioned between Lhe
finance charge and the reduction of the outstanding lease liability using the effective interest method.
The related obligations, net of future finan￿ charges. are included in creditors.
12

Belmont Playcare
Notes to the Finrincial Statements
For the Year Ended 30 June 2023
Rentals payable and re￿1vable under operats'ng leases are charged to the SOFA on a straight-line
basis over the period of the lease.
(l) Employee beneftts
When employees have rendered se￿iCe to the charity, short-temi employee benefits to which the
employees are entitled are recognised at the undiscounted amount expected to be paid in exchange
for that service.
The charty operates a defined contribution plan for the benefrt of its employees. contributs.ons are
expensed as they become payable.
(m) Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 201Q and therefore it
meets the definition of a charitable company for UK corporation tax purposes.
(n) Going concern
The financial ststements have been prepared on a going concem basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected
level of income and expenditure for 12 months from authorising these financial statements. The
budgeted income and expenditure is sufficient with the level of reserves ft)r the charity to be able to
continue as a going concern.
Income from donations
2023
2022
Donations and gifts
40
17
40
17
Income from other trading actfvities
2023
2022
Fundraising events
Fees
Education Authority
1.637
151.888
84.040
3,035
129,358
96,048
237,565
228,441
Incorne from othertrading adivities was £237.565 (2022 - £228,441) of whicb. £237,565 was
attributable to uniestricted funds.
13

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2023
Income from investments
2023
2022
Interest receivable
543
66
543
66
Income from investment was £543 (2022 - £66) of which £543 was attributable to unrestricted funds.
Other income
2023
2022
Government grants
Sundry income
8,260
425
10,645
422
8,685
11,067
Other income was £8.685 (2022 - £11.067) of which £8,685 was attributable to unrestricted funds.
Activittes undertaken directly
Unrestricted
funds
2023
2022
Playcare expenses
Wages
Pension costs
Staff training
Rent
utility charges
Insurance
Cleaning
Depreciation
P & L on disposal
Travel costs
Storage
12,850
191,909
2,428
604
600
7,844
2,465
2,347
1,223
12,850
191,909
2,428
604
600
7,844
2,465
2,347
1,223
19,192
177,950
2,371
332
825
5,452
2,184
2,204
943
Total
222,270
222,270
211,453
14

Belmont Playcare
Notes to the Financial Ststements
For the Year Ended 30 June 2023
Governance and support costs
Unrestri¢Xed
funds
2023
2022
Repairs & maintenan
Postage & stationery
Telephone
Computer costs
Legal & professional
Advertising
Accountancy
Insurance
Bank charges
Sundry
Gifts
Subscriptions
3.387
2,263
2,700
2,569
4,592
269
2,020
3,387
2,263
2,700
2,569
4,592
269
2.020
3,112
2,246
1,733
3,371
5,158
420
1,740
137
750
731
243
137
750
731
243
120
344
895
383
19,661
19,661
19,522
Trustees
None of the trustees (or any person connected with them) received any remuneration or benefits
from the charity during the year.
Employees
The average monthly number of employees during the year was."
2022
Number
2022
Number
Employees
17
17
10 Staff costs and employee benerrts
No employees re￿Ned total empkiyee benefits (excluding employer pension costs} of more than
£60,000.
15

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2023
11 Tangible fixed assets
Fixtures
& fittings
Cost:
At 1 Juty 2022
Additions
Disposals
At 30 June 2023
22,727
{1,3171
21,410
Deprèciation:
At 1 July 2022
Charge for the year
On Disposal
At 30 June 2023
17,384
1,223
(1,317)
17,290
Net book value:
At 30 June 2023
4,120
At 30 June 2022
5,343
12 Debtors
2023
2022
Trade debtors
Other debtors
Prepayments and accrued income
2,924
1,540
1,079
1,150
4,003
2,690
13 Creditors: amounts falling due wfthln one year
2023
2022
Trade Greditors
Other tax and social secur
Accruals and deferred income
525
900
38,096
763
690
35,697
39,521
37,150
16

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2023
14 Fund ￿COnc111atIOn
Unrestricted funds
Balance at
2022
Gains I
(losses)
Balance at
2023
Income
Expenditure
Transfers
Unrestrtcted
134,054
246.833
241,931
138,956
134.054
246,833
241.931
138,956
Restricted funds
Balance at
2022
Gains I
(losses}
Balan￿ at
2023
Income
Expenditure
Transfers
Restricted
15
15
15
15
15 Analysis of net assets between funds
Unre51ricte¢l
Restri¢ted
funds
funds
Total
2Q23
2023
2023
Fixed assets
Current assetsl(liabilrties)
4,120
134,836
4,120
134,851
15
Total
138,956
15
138,971
17