Belmont Playcare
;
Statement of Financial Activities
For the year Ended 30 June 2025
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total | Total | ||
| 2025 | 2024 | ||||
| Note | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and legacies | 2 | 0 | - | 0 | 1,270 |
| Othertrading activities | 3 | 257,555 | - | 257,555 | 231,724 |
| investments | 4 | 763 | - | 763 | 1,687 |
| Other income | 5 | 6,521 | - | 6,521 | 8,560 |
| Total income | 264,839 | - | 264,839 | 243,241 | |
| Expenditure on: | |||||
| Charitable activities | |||||
| Playcare expenses | 6 | 219,582 | - | 219,582 | 220,341 |
| Governance costs | 7 | 28,418 | - | 28,418 | 19,133 |
| Total expenditure | 248,000 | - | 248,000 | 239,474 | |
| Net income (deficit) forthe | 16,839 | - | 16,839 | 3,767 | |
| year | |||||
| Transfers between funds | 15 | -15 | - | - | |
| Netmovement in funds | 16,854 | -15 | 16,839 | 3,767 | |
| Reconciliation of funds: | |||||
| Total funds broughtforward | 142,723 | 15 | 142,738 | 138,971 | |
| Fundbalancesat30June2024 | 159,577 | - | 159,577 | 142,738 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with 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 2025
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Note|£|£|
|Fixed|assets|
|Tangible|assets|41|2,945|3,465|
|2,945|3,465|
|Current|assets|
|Debtors|12|1,852|4,645|
|Cash|at|bank|and|in|hand|179,950|172,244|
|181,802|176,889|
|_|Creditors:|amounts|falling|due within|one year|13|(25,170)|(37,616)|
|Net current assets|156,632|139,273|
|Total|assets|less|current|liabilities|159,577|142,738|
|Income|funds|
|Restricted|funds|14|0|15|
|Unrestricted|funds|14|159,577|142,723|
|Total|charity funds|15|159,577|142,738|
----- End of picture text -----
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 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 company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance 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 accordance with the provisions applicable to companies’ subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board on 20 October 2025.
Signed on behalf of the board oftrustees 3 ; | Simon Morton Godfrey Njorage Thairu Trustee Trustee
9
Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2025
Company Registration No. NI605718
1 Summary of significant accounting policies
(a) General information and basis of preparation
Belmont Playcare is a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern freland. The address of the registered office is 215 Belmont Road, Belfast, BT4 2AG.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), 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 Practice.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements 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 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 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 funds represent those assets which must be held permanently 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 advice 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 performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.
For donations to be recognised the charity will have been notified 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 fully met or the
10
Belmont Playcare Notes to the Financial Statements
.
For the Year Ended 30 June 2025
fulfilment of those conditions is within the control of the charity and it 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 determined 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 ts 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 receivable and are included at fair value. They are not deferred over the life of the asset.
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 measure 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 earned 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 entitlement has occurred.
The charity receives government grants. Income from government and other grants are recognised at fair value when the charity has entitlement 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 earned through holding assets for investment purposes such as shares and property. 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 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 funds 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 its permanent 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:
- e Costs of raising funds; e Expenditure on charitable activities includes; and ¢ Other expenditure represents those items not falling into the categories above.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
11
Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2025
(e} Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred
directly in support of expenditure on the objects of the charity. Where support costs cannot be directly 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.
(f) 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 15% per annum reducing balance
(g) Debtors and creditors receivable / 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 initially 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 finance transaction 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 carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
(j) 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 outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
(k) Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between 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 2025
Rentals payable and receivable under operating leases are charged to the SoFA on a straight-line basis over the period of the lease.
(1) Employee benefits
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
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 concern 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 for the charity to be able to continue as a going concern.
2 Income from donations
- 3
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Donations and gifts | 0 | 1,270 |
| 0 | 1,270 | |
| incomefrom othertrading activities | ||
| 2025 | 2024 | |
| £ | £ | |
| Fundraising events | 698 | 1,402 |
| Fees | 151,367 | 145,612 |
| Education Authority | 105,490 | 84,710 |
| 257,555 | 231,724 |
income from other trading activities
Income from other trading activities was £257,555 (2024 - £231,724) of which £257,555 was attributable to unrestricted funds.
13
Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2025
4 Income from investments
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Interestreceivable | 763 | 1,687 |
| 763 | 1,687 |
Income from investment was £763 (2024 - £1,687) of which £500 was attributable to unrestricted funds.
5 Other income
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Government grants | 4,923 | 8,026 |
| Sundry income | 1,598 | 534 |
| 6,521 | 8,560 |
Other income was £6,521 (2024 - £8,560) of which £6,521 was attributable to unrestricted funds.
6 Activities undertaken directly
| Unrestricted | 2025 | 2024 | |
|---|---|---|---|
| funds | |||
| £ | £ | £ | |
| Playcare expenses | 14,799 | 14,799 | 10,549 |
| Wages | 193,269 | 193,269 | 196,812 |
| Pension costs | 1,237 | 1,237 | 2,885 |
| Stafftraining | 421 | 421 | 146 |
| Rent | 515 | 515 | 600 |
| Utility charges | 3,512 | 3,512 | 3,572 |
| Insurance | 3,005 | 3,005 | 2,763 |
| Cleaning | 2,304 | 2,304 | 2,359 |
| Depreciation | 520 | 520 | 655 |
| P& L on disposal | 0 | 0 | 0 |
| Travel costs | 0 | 0 | 0 |
| Storage | 0 | 0 | 0 |
| Total | 219,582 | 219,582 | 220,341 |
14
°
.
Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2025
7 Governance and support costs
| Unrestricted | 2025 | 2024 | |
|---|---|---|---|
| funds | |||
| £ | £ | £ | |
| Repairs & maintenance | 1,541 | 1,541 | 2,714 |
| Postage & stationery | 2,157 | 2,157 | 2,274 |
| Telephone | 1,687 | 1,687 | 1,178 |
| Computercosts | 4,644 | 4,644 | 4,808 |
| Legal & professional Advertising |
4,357 0 |
4,357 0 |
4,151 119 |
| Accountancy | 2,090 | 2,090 | 1,950 |
| Bookkeeping | 9,511 | 9,511 | 0 |
| Doubtful debts | 385 | 385 | |
| Bankcharges | 131 | 131 | 135 |
| Sundry Gifts Subscriptions |
1,102 535 278 |
1,102 535 278 |
547 549 708 |
| 28,418 | 28,418 | 19,133 |
8 Trustees
.
None of the trustees (or any person connected with them) received any remuneration or benefits from the charity during the year.
9 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Employees | 15 | 15 |
10 Staff costs and employee benefits
No employees received 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 2025
11 Tangible fixed assets
| Fixtures | |||
|---|---|---|---|
| & fittings | |||
| £ | |||
| Cost: | |||
| At 1 July 2024 | 21,410 | ||
| Additions | - | ||
| Disposals | - | ||
| At30 June 2025 | 21,410 | ||
| Depreciation: | |||
| At 1 July 2024 | 17,945 | ||
| Charge fortheyear | 520 | ||
| On Disposal | - | ||
| At30 June 2025 | 18,465 | ||
| Net book value: | |||
| At30 June 2025 | 2,945 | ||
| At30 June 2024 | 3,465 | ||
| 12 | Debtors | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors | 1,578 | 2,278 | |
| Other debtors | 0 | 1,537 | |
| Prepayments and accrued income | 274 | 830 | |
| 1,852 | 4,645 | ||
| 13 | Creditors: amounts falling duewithin oneyear | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors | 1,119 | 637 | |
| Othertax and social security | 1,471 | 1,788 | |
| Accruals and deferred income | 22,580 | 35,191 | |
| 25,170 | 37,616 |
16
Belmont Playcare
Notes to the Financial Statements
For the Year Ended 30 June 2025
14 Fund reconciliation
Unrestricted funds
| Balance at | Gains / | Balance at | ||||
|---|---|---|---|---|---|---|
| 2024 £ |
Income £ |
Expenditure £ |
=Transfers £ |
(losses) £ |
2025 £ |
|
| Unrestricted | 142,723 | 264,839 | 248,000 | 15 | - | 159,577 |
| 142,723 | 264,839 | 248,000 | 15 | - | 159,577 |
Restricted funds
| Balance at | Gains / | Balance at | ||||
|---|---|---|---|---|---|---|
| 2024 | Income | Expenditure | Transfers | (losses) | 2025 | |
| £ | £ | £ | £ | £ | £ | |
| Restricted | 15 | - | - | -15 | - | 0 |
| AB | RQ |
15 Analysis of net assets between funds
| Unrestricted | Restricted | ||
|---|---|---|---|
| funds | funds | Total | |
| 2025 | 2025 | 2025 | |
| £ | £ | £ | |
| Fixed assets | 2,945 | - | 2,945 |
| Current assets/(liabilities) | 156,632 | - | 156,632 |
| Total | 159,577 | - | 459,577 |
17