The Trustees present their annual report and financial statements for the year ended 31 January 2026.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
Belmont Community Housing is a family funded charity. Our objective is to fund tangible, lasting improvements for people in need. We fund physical items, fit-outs and installations, rather than the day-to-day running costs of other organisations.
Since it was established, the charity has funded the building of affordable homes in partnership with the charity Housing People Building Communities (HPBC. Charity no. 1102135) which allowed the home partners to take part in building their own homes. The charity funded the construction of three homes in Ince, Wigan, Greater Manchester. That work is now complete, and the charity will not fund the construction of any further homes.
The charity's activities will now focus on the following areas:
Fitting out, or supplying equipment for, rooms dedicated to disabled children, including autistic children, in specialist residential homes and hospices.
Supplying or fitting out small-scale renewable energy installations, such as photovoltaic panels and air source heat pumps, in social housing.
Supporting other charitable causes within the charity's objects, as the Trustees decide from time to time.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
The Trustees identify projects through their own contacts and through approaches from charities, care providers and social housing providers. Funding is committed only where the Trustees are satisfied that the project can be completed as planned and that the funds are available to complete it. Payments are generally made against invoices or on completion of agreed stages.
The three homes in Ince, Wigan, were funded through a staged payment agreement in line with the agreed building programme. The homes were completed during the year and are now occupied by the home partners. The Trustees are satisfied with the quality of the build.
While the Trustees refocused the charity on its new areas of work, the charity made four donations during the year totalling £2,660: £500 to the Myanmar Earthquake appeal, £500 to BBC Children in Need, £500 to Embassy Village (through Stewardship) and £1,160 to the Kevin Sinfield MND appeal.
The charity received no income during the year (2025: £264,997). Expenditure on charitable activities was £4,920 (2025: £272,322), funded from reserves brought forward. Unrestricted funds at 31 January 2026 were £1,021 (2025: £5,941).
The family pension fund is well resourced, and funds will be made available for any project the Trustees commit to. The Trustees only commit to a project once they are sure it can be completed as planned and agreed.
The charity is funded by donations from the family pension fund as costs arise. This covers governance costs as they fall due and the cost of each new project when it is committed, and the Trustees will not commit to a project until those funds are in place. The Trustees therefore do not consider it necessary for the charity to hold free reserves. Funds held at 31 January 2026 are low because the charity received no income while it refocused its activities.
In the coming year the Trustees intend to make the charity's first grants towards rooms for disabled children and renewable energy installations in social housing. No specific projects have been identified yet, but opportunities are being actively explored.
Belmont Community Housing ("BCH") is a charitable company limited by guarantee, governed by its Articles of Association. The Trustees intend to amend the Articles in due course to reflect the charity's new areas of work.
BCH's housing work was carried out in partnership with HPBC to help address the UK's housing crisis by providing homes for low-income families. Under the "sweat hours" concept, each home partner who put in physical working hours on the building site, within their ability, benefited from a contribution towards the deposit on the mortgage for their home. Where a home partner could not fund the full deposit, BCH made up the shortfall.
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Our charity is funded from a pension fund with a set amount put aside and secured for the purpose of funding our charity.
We have a third independent trustee who is a lifelong trusted friend and committed to the objectives of our charity.
Our three current trustees are committed to the roles for life. On their infirmity or death other individuals supportive of the charity's objectives are prepared and willing to take on the roles.
All Trustees are from business backgrounds and fully understand monetary procedures and controls.
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The Trustees' report was approved by the Board of Trustees.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Belmont Community Housing for the year ended 31 January 2026, which comprise the statement of financial activities and the related notes from the charity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made to the charity's Trustees, as a body, in accordance with the terms of our engagement letter dated 23 October 2026. Our work has been undertaken solely to prepare for your approval the financial statements of Belmont Community Housing and state those matters that we have agreed to state to the charity's Trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Belmont Community Housing and the charity's Trustees as a body, for our work or for this report.
It is your duty to ensure that Belmont Community Housing has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of Belmont Community Housing. You consider that Belmont Community Housing is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of Belmont Community Housing. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Belmont Community Housing is a private company limited by guarantee incorporated in England and Wales. The registered office is Thornbank, Tottington Road, Harwood, Bolton, Greater Manchester, BL2 4LR.
The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
Belmont Community Housing is a family funded charity. Our objective is to fund tangible, lasting improvements for people in need. We fund physical items, fit-outs and installations, rather than the day-to-day running costs of other organisations.
Since it was established, the charity has funded the building of affordable homes in partnership with the charity Housing People Building Communities (HPBC. Charity no. 1102135) which allowed the home partners to take part in building their own homes. The charity funded the construction of three homes in Ince, Wigan, Greater Manchester. That work is now complete, and the charity will not fund the construction of any further homes.
The charity's activities will now focus on the following areas:
Fitting out, or supplying equipment for, rooms dedicated to disabled children, including autistic children, in specialist residential homes and hospices.
Supplying or fitting out small-scale renewable energy installations, such as photovoltaic panels and air source heat pumps, in social housing.
Supporting other charitable causes within the charity's objects, as the Trustees decide from time to time.
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
No trustees were reimbursed expenses during the year (2025: Nil).
The average monthly number of employees during the year was:
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.
During the year the charity received donations and legacies from related parties totalling £Nil (2025: £264,997).