REGISTERED COMPANY NUMBER: N1646742 (Northern Ireland) REGISTERED CHARITY NUMBER: NIC 108405 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 Jul 2023 for Belvoir Communi Hub Acom an Limited b Guarantee Lynn Drake & Co Ltd Chartered Accountants 1st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE
Belvoir Communi Hub Contents of the Financial Statements for the Year Ended 31 Jul 2023 Page Reference and Administrative Details Report of the Trustees Independent Examiner's Report Statement of Financial Aetivities Statement of Financial Position Notes to the Financial Statements 9 to 15 Detailed Statement of Financial Activities 16 to 17
Belvoir Communi Hub Reference and Administrative Detai15 for the Year Ended 31 Jul 2023 TRUSTEES Bernadette Reid Director Kenneth Tait Director (resigned 221112024) Joanne McGoogan Director Joy Irene Poots Director Emina Woods Director Roslynn Michelle Algie Director Adrian Alexander Mccartney Director (appointed 111012022) (resigned 221112024) Leah Tait Director (appointed 111012022) (resigned 221112024) Pamela Jayne Jones (appointed 221112024) Lakshmi Sivaratri (appointed 221112024) REGISTERED OFFICE 8 Druinart Square Belfast Co. Antrim BT8 7EY REGISTERED COMPANY NUMBER N1646742 (Northern Ireland) REGISTERED CHARITY NUMBER NIC 108405 INDEPENDENT EXAMINER Lynn Drake & Co Ltd Chartered Accountants I st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE BANKERS Danske Bank Donegall Square West Belfast BTI 6JS
Belvoir Communi Hub ort of the Trustees for the Year Ended 31 Jul 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Fiiiancial Reporting Standard applicable in tlie UK and Republic of Ireland (FRS 102) (effective l Jaiiuary 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The Charity's objects are to proinote the benefit of the inhabitants of the Belvoir and Milltown areas and their environs without distinction of gender, sexual orientation, age, disability, race, ethnicity, or political, rel igious or other opinion and in particular to-. (l ) Advance community development by: (i) Providing facilities and support for community and voluntary groups aiid organisations. (li) Organising community and family events and providing facilities for recreation and other leisure time occupations for those individuals who have need of such facilities by reason of their youth, age or social and economic circumstances or for the public at large. (li i) Promoting active citizensli ip and volunteering in the commiinity. (iv) Promoting social inclusivity, good community relations, social cohesion, racial and religious harmony and equality and diversity. (2) Advance health and well-being by encouraging and facilitating participation in amateur sport and healthy recreation. (3) Promote education and training by deliverii)g and/or providing facilities for classes, workshops, training courses and other forms of tuition. (4) Promote arts and culture by encouraging comm Our Vision Building a safe, inclusive and thriviiig community. Our Mission To provide a safe and welcoming community facility and access to community services that advance health and wellbeing, arts and unity participatioii iii creative arts and organising cultural and arts initiatives and events.
Belvoir Communi Hub ort of the Trustees for the Year Ended 31 Jul 2023 FINANCIAL REVIEW The coinpany (Belvoir Community Hub) had net incoining resources for the year of £19,631. (2022 net incoming resources of £23,120.The Unrestricted fund at 31 July 2023 was £13,019 and the Restricted fund was £40.625. This is detailed on page 6 of the accounts. The Company received grant incoine totalling £105,830, detailed on page 10, note 4. There was an Unrestricted fund surplus for the year of £11,483. This evidences the desire to create a sustainable organisation moving forward. Review of the Year The Charity's Policy is to retain a level of reserves, which matches the needs of the organisation both at the current lime and in the foreseeable future. The charity has developed a plan to establish and maintaiii this agreed level of reserves. The charity will continue to monitor compliance with this policy on a regular basis and the Board will review the appropriatenes This is the first full financial year where Belvoir Cominunity Hub have had paid employees iii a Health & Wellbeiiig Manager and part-time Administrator. The result of this has resulted iii a calculated growth of coininunity-based engagement and opportunities, that contribute towards an inclusive, supportive and sustainable coinmunity organisation. Tliis growth in the organisation has brought mucli needed partnership working towards a collective respoiise to addressing local coinmuiiity needs. The year has seeii the financial hardship of families and the einotional needs of individuals within the community grow. The board, staff and volunteers have reshaped their responses and partnerships in tlie attempt to provide a welcoming. respectful and inclusive space for everyone. With our main grant income coming froin the National Lottery, it lias been iinportant to reach out to other funding bodies and sustainable sources of income to ensure that the organisation is in a healthy and sustainable place to continue the important work moving forward. The staff have worked tirelessly with local volunteers to provide creative workshops, holistic health opportunities, community events, personal development and training opportunities with the aim of building a resilient and positive sense of coinmunity- Our programmes this year have atteinpted to enhance the focus of our three core areas of work, Culture & Arts, Health & Wellbeing and Education & Training as w¢ll as proinoting and implementing ei)vironmental engagement of the organisation and wider cominunity. Sustainable living and sustainable community require a holistic and collective approach, which we aim to provide. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust. and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Risk management The principles of good governance are einbedd¢d within all aspects of Belvoir Community Hub operations with the Trustees being keenly aware of the Boards responsibility of ensuring that the organisation protects itself from fiiiancial exposure and reputational damage. A close working relationship is maintained b¢tw¢¢n the Board to ensure that everyone is aware of the standards requires of them and that the principles of good governance are embedded within all aspects of Belvoir Community hub operations. with the Trustees keenly aware of the responsibility of ensuring that the organisation protects itself from financial exposure and reputational damage. A close working relationship is maintained b¢tw¢¢n the Board to ensure that everyone is aware of the standards required of them and that the Board are always in a position to provide guidance and support.
Belvoir Communi Hub ort of the Trustees for the Year Ended 31 Jul 2023 CHARITABLE STATUS The Trustees have registered the company as a charity with CCNI. The charity number is NIC 108405. STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Belvoir CommLinity Hub for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial stateinents in accordance with applicable law and United Kiiigdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Fiiiancial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland Coinpany law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the iiicoming resources and application of resources, including the income aiid expeiid iture, of the charitable compaiiy for that period. In preparing those financial statemeiits, the trustees are requ ired to select suitable accounting policies and then apply them consistently. observe the methods and principles iii the Charity SORP; make judgeinei)ts and estimates that are reasonable and prudent. prepare the fiiiancial statements on the going concern basis unless it is inappropriate to presuine that the charitable company will continue in bus iiiess. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any tiine the financial position of the charitable coinpany and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also respoiisible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on 27 February 2024 and signed on its behalf by: Joy Irene Poots - Trustee
Inde endent Examiner's Re Belvoir Communi Hub I report on the accounts of the coinpany for the year ended 31 July 2023, which are set out on pages six to fifteen. ort to the Trustees of Respective responsibilities of charity trllstees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is Iny responsibility to.. examine the accounts uiider Section 65 of the Charities Act follow the procedures laid dowT] in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Cliarities Act state whether particular matters have come to my attention. Basis of the independent examiner's report I have exainiiied your cliarity accounts as required under Section 65 of the Charities Act and my examination was carried out in accordancc with the general Directions given by the Charity Commission for Northern Ireland under Section 65{9)(b) of the Charities Act. The exainination included a review of the accounting records kept by the charity and a comparison of the accoui)ts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with Section 386 of the Companies Act 2006 That the accounts do not accord with those accouiiting records Tl)at the accounts do not comply with the accountiiig requirements of Section 396 of tlie Companies Act 2006 and with the Inethods and principles of tlie Cliarities Stateinent of Recommended Practice applicable to charities preparing their accounts iii accordance with the Financial Reporting Standard appl icable in the UK and Republic of Irelaiid That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have cotnpletcd rny examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Billy Dra Lynn Drake & Co Ltd Chartered Accountants I st Floor 34 B-D Main Street Moira Co. Armagh BT67 OLE 27 February 2024
Belvoir Communi Hub Statement of Financial Activities for the Year Ended 31 Jul 2023 31.7.23 Total funds 31.7.22 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 8,308 8,308 575 Charitable activities Grants Received 775 105,055 105,830 88,292 Investment income 3,825 3,825 7,090 Total 12,908 105,055 117,963 95,957 EXPENDITURE ON Charitable activities Charitable Activity Governance 1,258 167 92,998 3,909 94,256 4,076 70,177 2,660 Total 1,425 96,907 98,332 72,837 NET INCOME 11,483 8,148 19,631 23,120 RECOIYCILIATION OF FUNDS Total funds brought forward 1,536 32,477 34,013 10,893 TOTAL FUNDS CARRIED FORWARD 13.019 40,625 53,644 34,013 The notes form part of these financial statements
Belvoir Communi Hub Statement of Financial Position 31 Jul 2023 31.7.23 31.7.22 Notes CURRENT ASSETS Cash at bank and in hand 57,796 38,898 CREDITORS Amounts falling due within one year (4,152) (4,885) NET CURRENT ASSETS 53,644 34,013 TOTAL ASSETS LESS CURRENT LIABILITIES 53,644 34,013 NET ASSETS 53,644 34,013 FUNDS Uiirestricted funds Restricted funds 13,019 40,625 1,536 32,477 TOTAL FUNDS 53,644 34,013 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023. The members Iiave not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable coinpany keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for eacli financial year in accordance with the r¢quireinents of Sections 394 and 395 and which oth¢rwise comply with the requirements of the Compaiiies Act 2006 relating to financial stat¢ments, so far as applicable to the charitable coinpany. The notes form part of these financial statements Continued...
Belvoir Communi Hub Statement of Financial Position - continued 31 Jul 2023 These financial stateinents have been prepared in accordance witli the provisions applicable to charitable companies subject to the small companies regime. The financial stateinents were approved by the Board of Trustees and authorised for issue on 27 February 2024 and were signed on its behalf by.. Joy Irene Poots Trustee Bernadette Reid - Trustee The notes form part of these financial statements
Belvoir Communi Hub Notes to the Financial Statements for the Year Ended 31 Jul 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the cliaritable company. 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 tlieir accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Finaiicial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. 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 incoine wil I be received and the ainount cali be Ineasured reliably. Expenditure Liabilities are recognised as expeiiditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of econoinic benefits will be required in settlement and the ainouiit of the obligation cali be Ineasured reliably. Expeiiditure 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. Taxation The charity is exempt from corporation 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. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued...
Belvoir Communi Hub Notes to the Financial Statements - continued for the Year Ended 31 Jul 2023 DONATIOIYS AND LEGACIES 31.7.23 31.7.22 Donations ROH & CS Donation 6,108 2,200 575 8,308 575 INVESTMENT INCOME 31.7.23 31.7.22 Rooin hire & classes 3,825 7,090 INCOME FROM CHARITABLE ACTIVITIES 31.7.23 31.7.22 Activity Grants Received Grants 105,830 88,292 Grants received, included in the above, are as follows.. 31.7.23 31.7.22 Belfast City Council - Revenue Forward South Partnership National Lottery Commuiiity Fund Belfast City Council- Kitchen Belfast City Council Good Relations Belfast City Council - Mediuin Reaching Out Homesless Support Community Fouiidatioii Jubilee Fund Radius Housing Community Chest Sainsburys Belfast City Council - Arts & Heritage Belfast City Council - MYN 12,239 775 80,941 4,500 1,200 68,863 1,978 3,120 3,276 300 5,055 4,819 500 1,000 500 2,816 2,240 105,830 88,292 10 continued...
Belvoir Communi Hub Notes to the Financial Statements - continued for the Year Ended 31 Jul 2023 CHARITABLE ACTIVITIES COSTS Support costs (see note 6) Charitable Activity Governaiice 94,256 4,076 98,332 SUPPORT COSTS Governance costs Management Totals Charitable Activity Governance 94,170 86 4,076 94,256 4,076 94,170 4,162 98,332 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022. STAFF COSTS 31.7.23 31.7.22 Wages and salaries Other pension costs 57,466 1,219 25,106 394 58,685 25,500 The average monthly number of employees during the year was as follows: 31.7.23 31.7.22 Administration No employees received emoluments in excess of £60,000. continued...
Belvoir Communi Hub Notes to the Financial Statements continued for the Year Ended 31 Jul 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.23 31.7.22 Social security and other taxes Accrued expenses 1,935 2,217 567 4,318 4,152 4,885 10. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.7.23 Total funds 31.7.22 Total funds Unrestricted fuiids Restricted funds Current assets Current liabilities 16,452 (3,433) 41,344 (719) 57,796 (4,152) 38,898 (4,885) 13,019 40,625 53,644 34,013 11. MOVEMENT IN FUNDS Net movement in funds At 3117123 At 118122 Unrestricted funds General fund Forward South Partnership 336 1,200 12,683 (1,200) 13,019 1,536 11,483 13,019 Restricted funds Belfast City Council - Revenue National Lottery Community Fund Belfast City Council - Good Relations Reaching Out Homeless Support 12,000 (1,191) (2,361) (300) 12,000 28,625 29,816 2,361 300 32,477 8,148 40,625 TOTAL FUNDS 34,013 19,631 53,644 12 ontinued..
Belvoir Communi Hub Notes to the Financial Statements - continued for the Year Ended 31 Jul 2023 11. MOVEMENT IN FUINDS - Continued Net movement in funds, included in the above are as follows,. Incoming rcsources Resources expended Moveinent in funds Unrestricted funds General fund Forward South Partnership 12,133 775 550 (1,975) 12,683 (1,200) 12,908 (1,425) 11,483 Restricted funds Belfast City Council - Reveiiue National Lottery Community Fund Belfast City Council - Good Relations Belfast City Council- Medium Reaching Out Homeless Support ComiT]unity Foundation Jubilec Fund Radius Housing Community Chest Saiiisburys Belfast City Council Arts & Heritage Belfast City Council - MYN 12,239 80,941 (239) (82,132) (2,361) (4,819) (300) (500) { 1,000) (500) (2,816) (2,240) 12,000 (1,191) (2,361) 4,819 (300) 500 1,000 500 2,816 2,240 105,055 (96,907) 8,148 TOTAL FUNDS 117,963 (98.332) 19,631 Comparatives for movement in funds Net movement in funds At 3117122 At 118/21 Unrestricted funds General fund Forward South Partnership 913 (577) 1,200 336 1,200 913 623 1,536 RestrACted funds Awards for Al Belfast City Council Gardening National Lottery Community Fund Belfast City Council Good Relations Reaching Out Homeless Support 9.480 500 (9,480) (500) 29.816 2,361 300 29,816 2,361 300 9,980 22,497 32,477 TOTAL FUNDS 10,893 23,120 34,013 13 continued...
Belvoir Communi Hub Notes to the Financial Statements continued for the Year Ended 31 Jul 2023 11. MOVEMENT IN FUNDS - continued Comparative net movement in funds, iT]cluded in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted fund5 General fund Forward South Partnership 7,665 1,200 (8,242) (577) 1,200 8,865 (8,242) 623 Restrieted funds Belfast City Council - Revenue Awards for All Belfast City Council Gardening National Lottery Cominunity Fund Belfast City Council - Kitchen Belfast City Council Good Relations Belfast City Council- Medium Reaching Out Hoineless Support Community Foundation Jubilee Fund 4,500 (4,500) (9,480) (500) (39,047) (1.978) (759) (3,276) (9,480) (500) 29,816 68,863 1,978 3,120 3,276 300 5,055 2,361 300 (5,055) 87,092 (64,595) 22,497 TOTAL FUNDS 95,957 (72,837) 23,120 12. RELATED PARTY DISCLOSURES Tliere were no related party transactions for the year ended 31 July 2023. 13. LIMITED BY GUARAIYTEE The Company is limited by guarantee and has no share capital. 14. WINDING UP Every member of the Coinpany undertakes to contribute to the assets of the Company, in the event of the same being wound up while it is a member, or within one year after it ceases to be a member, for payment of the debts and liabilities of the Company contracted before it ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributor's among themselves. such amount as may be required not exceeding one pound. 14 continued...
Belvoir Communi Hub Notes to the Financial Statements - continued for the Year Ended 31 Jul 2023 15. COVID 19 There has been a dramatic downturn in the global economy due to the impact of Covid-19. The trustees consider the outbreak of Covid-19 to be a non-adjusting event after the reporting date. The trustees continue to mon itor the sitLiation closely and will continue to take appropriate steps to secure the viability of the organisation as and when necessary. 15
Belvoir Communi Hub Detailed Statement of Financial Activities for the Year Ended 31 Jul 2023 31.7.23 31.7.22 INCOME AND ENDOWMENTS Donatlolls 2nd legacies Donations ROH & CS Donation 6,108 2,200 575 8,308 575 Investment income Room hire & classes 3,825 7,090 Charitable activities Grants 105,830 88,292 Total incoming resources 117,963 95,957 EXPENDITURE Support costs Management Wages Pensions Rates and water Insurance Telephone Postage and stationery Advertising & IT Light aiid heat Direct programme costs Office consiimables Affiliation fees BCC-Gardening direct BCC-Revenuc direct Training Kitchen equipment Computer equipment Vouchers Facilitation & workshops Catering Venue hire Equipment hire Awards Carried forward 57,466 1,219 25,106 394 136 53 374 496 1,235 259 235 261 5,087 2,026 1,042 201 2,350 1,505 2,546 343 1.413 4,500 3,072 2,718 3,955 2,325 15,124 2,660 228 3,178 265 67,319 10.896 2,125 24 3.206 90,704 This page does not form part of the statutory financial statements 16
Belvoir Communi Hub Detailed Statement of Financial Activities for the Year Ended 31 Jul 2023 31.7.23 31.7.22 Mgnagement Brought forward Health & wellbeing equipment Companies House Volunteers Travel Repairs & maintenance 90,704 67,319 2,483 375 13 846 828 ,779 94,170 70,177 Governanee costs Bank cliarges Rent & service charge Accouiitancy fee 86 2,000 2,076 110 630 1,920 4,162 2,660 Total resources expended 98,332 72,837 Net income 19,631 23,120 This page does not form part of the statutory financial statements 17