The blazon (written description) of the arms would be:
Gules, a chevron Ermine between three bells [sometimes, church bells] Or.
(So the arms are clearly "canting" arms; that is, the arms are a pun on the surname.)
The blazon for the crest could be blazoned equally well several ways, but all would come close to:
Atop a mount Vert a hawk rising [wings elevated and addorsed] Or charged [on the wings] with a chevron couped Gules.
The closest coat of arms in Papworth's Ordinary of British Armorials is for Bell (Sunderland, co. Durham), with Sable, a chevron ermine between three church bells argent, the differences being the colours of the field and of the bells. And Burkes' General Armory notes the crest for this Bell as being A hawk close proper beaked and belled or, also different than the one you are looking to identify.
None of the other Bell's listed in Burke's General Armory come as close.
In Crozier's General Armory, subtitled "A Registry of American Families Entitled to Coat Armor," there is a listing for a William Bell of Massachusetts (1737), from Scotland, whose arms are blazoned as Azure, a chevron ermine, between three bells or, with the crest of A falcon, wings expanded, ermine. So the arms are identical except for the field colour (blue here, instead of red), and the falcon crest is a different colour and lacks the couped chevron but is otherwise very similar.
I hope that this is helpful to you.
David