Belmont Playcare
Statement of Financial Activities
For the year Ended 30 June 2024
fvnds
Total
2024
Total
2023
Income from:
Donations and legacies
Other trading activities
Investments
Other income
1,270
231,724
1,687
8.560
1,270
231,724
1,687
8,560
40
237,565
543
8,685
Total income
243,241
243,241
246,833
Expenditure on:
Charitable activities
Playcare expenses
Governance costs
220,341
19,133
220,341
19,133
222,270
19,661
Total expenditure
239,474
239,474
241,931
Net income (deficit) for the
year
3,767
3,767
4.902
Transfers between funds
Net movement in funds
3,767
3,767
4,902
Reconciliation of funds."
Total funds brought forward
138,956
15
138,971
134,069
Fund balances at 30 June 2024
142,723
15
142,738
138,971
The statement of financial acttvities includes all gains and losses recognised in the year.
Ail income and expenditure derive from continuing activities.
The statement of financial activities also complies wtth 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 2024
2024
2023
Fixèd assets
Tangible assets
3.465
4,120
Current assets
Debtors
Cash at bank and in hand
3,465
4,120
12
4.645
172,244
4,003
170,369
176,889
174,372
Creditors: amounts falling due within one year
13
(37,616)
(39,521}
Net current assets
139,273
134,851
Total assets less current liabilities
142,738
138,971
Income funds
Restricted funds
Unrestricted funds
14
14
15
142,723
15
138,958
Total charlty funds
15
142.738
138,971
The company is entitled to the exemption from the audit requirement contained in section 477 of the
Companies Act 2006 for the year ended 30 June 2024. No member of the company has deposited a notice,
pursuant to section 476, requiring an audit of these accounts under the requirements of the Companies Act
2006.
The trustees responsibilities for ensuring that the charity keep5 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
company as at the end of the financial year and of its incoming reSoUr￿S and application of resourc&s,
including its income and expenditure. for the financial year in accordan￿ with 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 accordan￿ with the provisions applicable to companies, subject to
the small companies. regime.
The financial statements We￿ approved and authorised for issue by the Board on 21 October 2024.
Signed on behalf of the board of trustees
Sandy Micik
Trustee
Cli¥
reth Mooney
Trustee

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2024
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 Northem Ireland and a
registered charity in Northem Ireland. The address of the registered office is 215 Belmont Road.
8elfast, BT4 2AG.
The charity constitutes a public benefit entity as defined by FRS 102. The financial ststements have
been prepared in accordance with Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their acwunts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 18
July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial
Reporting Stsndard 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
Practice.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include
cash flow statement 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 ststements are presented in sterling which
is the functional 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 consistently applied to all years presented unless otherwise stated,
(b) Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charity and which have 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 fijnd 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
administering 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 fvnds represent those assets which must be held pemanently by the charity. Income
arising on the endowment funds 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. Investment management charges and legal advits relating to the fund are charged against
the fund.
(c) Income recognition
All incoming resources are included in the Statement of Financial Activities {SoFA) when the charity is
legally entitled to the income after any performan￿ conditions have been met, the amount can be
measured reliably, 2nd it is probable that the income will be re￿ived.
For donations to be recognised the charity will have been nots'fied of the amounts and the settlement
date in writing. If there are conditions attached to the donation and this requires a level of performance
before entitlement can be obtained, then income is deferred until those conditions are fijlly met or the
10

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2024
fulfilment of those conditions is within the control of the charity and tt is probable that they will be
fulfilled.
Donated facilities and donated professional servI￿S are recognised in income at their fair value when
their economic benefit is probable, it can be measured reliably and the chartty has control over the
item. Fair value is detemined 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
orresponding 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 recetvable and are included at fair value. They are not
deferred over the life of the asseL
For legacies, entitlement is the earlier of the charity being notified of an impending distribution 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 rneasu￿ the amount expected to be distributed. On these
occasions, the legacy is treated as a contingent asset and disclosed.
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 seNices in order to
raise fvnds and is recognised when entitlement has occurred.
The charity receives government grants. Income from government and other grants are recognised at
fair value when the charity has entitiement after any performance conditions have been met, it is
probable that the income will be received, and the amount can be measured reliably. If entitlement is
not met, then these amounts 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 arnount can be measured reliably. Interest income
is rewgnised using the effective interest method and dividend and rent income is recognised as the
charity's right to receive payment is established.
Other income includes the conversion of endowment fvnds into income which arises when capital
funds are released to an income fund from expendable endowments or when a charity has authority to
adopt a total return approach to tts pemanent endowment fund. It also includes other income such as
gains on disposals of tangible fixed assets.
(d) 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 settlement will be
required, and the amount of the obligation can be measured reliably. It is categorised under the
following headings..
Costs of raising funds",
Expenditure on charitable activities includes; and
Other expendffcure represents those items not falling into the categories above.
Irrecoverable VAT is charged as an expense against the acts'vity for which expenditure arose.
11

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2024
(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, govemance costs, administrative payroll costs. They are incurred
directiy in support of expenditure on the objects of the charity. Where support costs cannot be direcuy
attributed to particular headings, they have been allocated to cost of raising funds and expenditure on
charitable activities on a basis consistent with use of the resources
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.
(0 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 tsngible fixed assets, at rates calculated to write off the cost. less
eskn'mated residual value, of each asset on a systematic basis over its expected useful life as follows..
Fixtures and fittings
150A per annum reducing balan
(g) Debtors and credltors recelvable I payable wtthln one year
Debtors and creditors with no stated interest rate and re￿1vable or payable within one year 8re
recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
(h} Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs.
Subsequendy, they are measured at amortised cost using the effective interest rate method, less
impairment. If an arrangement constitutes a finance transa&ion it is measured at present Value.
(i) Impairment
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 amounL Where the carrying amount
eX￿edS its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is
carrted at a revalued amount where the impairment loss is a revaluation decrease.
(i) Provisions
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a
past event, it is probable that an oufflow of economic benefits will be required in settlement and the
amount can be reliably estimated.
(k) Leases
Assets acquired under finan￿ leases are capitalised and dep￿CIated over the shorter of the lease
term and the expected useful life of the asset. Minimum lease payrnents are apportioned bebNeen the
finance charge and the reduction of the outstanding lease liability using the effective interest method.
The related obligations. net of future finance charges. are included in creditors.
12

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2024
Rentals payable and receivable under operating leases are charged to the SOFA on a straight-line
basis over the period of the lease.
(l} Employee benefits
When employees have rendered Servi￿ to the charity, short-tenn employee benefits to which the
employees are entitled are recognised at the undiscounted amount expected to be paid in exchange
for that sejvice.
The charity operates a defined contribution plan for the benefit of its employees. Contributions 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 2010 and therefore it
meets the definition of a charitable company for UK corporation tax purposes.
(n) Going concern
The financial statements 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 In￿Me and expenditure for 12 months from authorising these financial statements. The
budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to
continue as a going cOn￿rn.
Income from donations
2024
2023
Donations and gifts
1,270
40
1,270
40
Incorne from other trading activities
2024
2023
Fundraising events
Fees
Education Authority
1,402
145,612
84,710
1,637
151,888
84,040
231.724
237,565
Income from other trading activities was £231,724 (2023 - £237.565) of which £231,724 was
attributsble to unrestrtcted funds.
13

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2024
Income from investments
2024
2023
Interest receivable
1,687
543
1,687
543
Income from investrnent was £1,687 (2023 - £543) of which £1,687 was attributable to unrestricted
fiJnds.
Other income
2024
2023
Government grants
Sundry income
8,026
534
8,260
425
8,560
8,685
Other income was £8,560 (2023 - £8,685) of which £8.560 was attributable to unrestricted funds.
Activities undertaken directly
Unrestricted
fijnds
2024
2023
Playcare expenses
Wages
Pension costs
Staff training
Rent
Utility charges
Insurance
Cleaning
Depreciation
P & L on disposal
Travel costs
Storage
10,549
196,812
2,885
146
600
3,572
2,763
2,359
655
10,549
196,812
2,885
146
600
3,572
2,763
2,359
655
12,850
191,909
2,428
604
600
7,844
2,465
2,237
1.223
Total
220,341
220,341
222.270
14

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2024
Governance and support costs
Unrestricted
fvnds
2024
2023
Repairs & maintenance
Postage & ststionery
Telephone
Computer costs
Legal & professional
Advertising
Accountancy
Insurance
Bank charges
Sundry
Gifts
Subscriptions
2.714
2,274
1,178
4,808
4,151
119
1,950
2,714
2,274
1,178
4,808
4,151
119
1.950
3,387
2,263
2,700
2,569
4,592
269
2,020
135
547
549
708
135
547
549
708
137
750
731
243
19,133
19,133
19,661
Trustees
None of the trustees (or any person connected wtth them) received any remuneration or benefits
from the charity during the year.
Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Employees
15
17
10 Staff costs and employee benefits
No employees receNed total employee benefits (excluding employer pension costs) of more than
£60,000.
15

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2024
11
Tangible r￿ed assets
Fixtures
& fittings
Cost:
At 1 July 2023
Additions
Disposals
At 30 June 2024
21,410
21,410
Depreciation:
At 1 July 2023
Charge for the year
On Disposal
At 30 June 2024
17,290
655
17,945
Net book value:
At 30 June 2024
3,465
At 30 June 2023
4,120
12 Debtors
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
2,278
1,537
830
2,924
1,079
4,645
4,003
13 Creditors: amounts falling due within one year
2024
2023
Trade creditors
Other tax and social security
Accruals and deferred income
637
1,788
35,191
525
900
38,096
37,616
39,251
16

Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2024
14 Fund reconciliation
Unrestricted funds
Balance at
2023
Gains I
(losses)
Balance at
2024
Income
Expenditure
Transfers
Unrestricted
138.956
248,489
244,722
142.723
134,054
248.489
244,722
142,723
Restricted funds
Balance at
2023
Gains I
(losses)
Balance at
2024
Income
Expenditure
Transfers
Restricted
15
15
15
15
15 Analysls of net assets between funds
Unfestri¢t*¢
funds
Re5trict•d
funds
Total
2024
2024
2024
Fixed assets
Current assetsl(liabilities)
3,465
139,258
3,465
139,273
15
Total
142,723
15
142,738
17