Clwity TwstEatioD numlw. 1086%7 The Deepings Community Trust Ltd li for the YeaEEudal 31 Suty 2020 13 Lo¢ks Close PeteAx>rou8h PE6 8RA
The De*ping8 Community Trnst Ltd CoDtents 3to5 lo21
The Deepings Commnnity Trngt Ltd Refercnce and Administrative Iknai SF*lron 2 Rd PE6 8PA 2 Iknuglas Rd PE6 gpA Comp4Dy Re8ulrath)n Nthr 035 13 knks aose tkepD8 Si Jan PE6 8RA
The Dwxngy Comllwrrity Trn8t Lld ste81£ Report for the Year Ended 31 Juty 2020 31 Juty 202(i, iti v4rith 5414C of th¢ COnuwllACt2(h.
The Deepings Community Tnt Ltd Gnallci statsro of EbF for the yor etthj 31 Juty 2020. ObJ¢etiY¢4 and x¢fvllk¥ The p£1isl obJ'¢ot of the ¢on4W is lufit of iDFJabitants of th¢ Trps and the ghknuthood together def1ll1 by the de¢twal of Mwkrt St Jame& West Trepirg. Fro8tialL Ltyoft and Baston (rn of iKncfit) sv1th0 the di&ineti¢)n of 8g¢. abQity. 5e4 sex1 orietitatio arA to pmvide facilities in the iDter¢5t of wial MElfaTr ftr ruThti¢>D 8tsJ leiswe titD¢ C¢LVtion with the obj'ectof the cx)Dditiffjs of lif¢ fortbe said iDlxbi The Tntstees aud Volunteets ÈTE re97)[e for Trisin8 all thr to makntain develop the building and used to its objectives.
The D•ings Trust Ltd Trnst¢es' Report An 4)XPtats¢Jn of tho m2iti 1VIti fortr&yar aDI servirxs a1[able at the Comtnut)ity Ckn. ¢ollaknkiive n)thr¢r. fitrw ¢la8se8 88 Mell as s121 ittterert Tho ray of thet¢ 8roups now Ir1th Gl85%8 for th¢ very yow th¢ ¢ldtrty •rd vtir10 pfyrent ATd bY Th¢ CcrdT• alw u7>1 by a of We have an on8oir8 [Kogr8m for 1titrxovl the fthi4 tkn bJildr¥ Thi8 yw it bas Iti¢]ud refurbiknt of tw• of ow thrw kitolns. arka Ition Of the This ThDrk aDa 8•n¢ral 8aTdan MaIti(enan is ¢a¥[i o(OLr I118 1$killa Nrjlutt in addition to 1p from Rotw LIlS 8TOUKK4 of voluttr4rs. We have al Contin1 ty T¢tiuiD mgny of our v0ltsnLS in fitst aid enificoti0D. iDfonllation it reqirl to display. We pl81$ to kn ablo to anploy d local IT ¢0 e]]abl¢ us ¢omnyJtucation with C¢lltre users &rd iisitoKs. We b8ve 0)ntinl to rnise pfi]e with fKtive rAnagt of our and ThEFxgite. th'is aloo8 Thith re8lllaT in lo h¥ ¢ontriE1tt to t illueasir w aud awarene¥s of the Céntre by the l¢x41 e4)ttttnuDity. vl¢ry of inter¢$ts opportirllties aTrl ¢vtsts fo¥ Fxlth chitdreL Th¢re Fos beea a Si8DJfiwll iwmge in membersbip ar¥1 ug¢ of the litw by Exople of th¢ Etwss. This has [C1j ID fiutlr ¢Xnsion to the OF¢n?n8 ho$ employnxnt of tr)re stsff supm Th¢ corrtitiutsj Iting of floor of the h7K4ry provth &rewkn wllleh is helpiDB kn WAre the liErary'8 lorw4etm flll•tiI glty. ChEr the Ft Six years the fu111 turr •nd sbility of the D¥FWS com1nty Tru¥t kn iwird year onyear. H<)WEver in lllte ¢b the ECT suffrf alor6 re¥1 of tht tFA% ¢[rts of tr Covid 19 restri¢tioJLry ond l(*k dow Both tt% liTThy Conwbity Ceth 8uffeTrd a wifi(•rrt Ioss continued to This to to wrt the p)diaty ¢liDie in its duty of Lwe tseatmAts. fknin8 thig lime our Btsff remti1 voy kny De ll1¢te d¢¢p Glw of tkn lIe biuldJn8 i P88•4
The De¢pings Community Trust Ltd Trustees, Report The trustees wnfirni that tbry have complied with the requittts of stttion 17 of the Ch8rilies Act ?01 I to have due regard to the publ¥c knefit 8uidhte p4]blished hy the Charity cornm0 for England and Wales. Use of volullteers Overall ma8et of the cbaTity is the rwnSR1llty of the InLStees Trvho 2re el and cwed ter the terms of ihe tnemorandlun alld article5 of association bllt day to day proj¢rt tIvIty iy Latrid out by and 5upeTvised by volunteers. The Board ofDirecioTS recog1$¢5 that the success of the Tn]M depend5 entirely on the LoInmjtmetsi orth¢ volvniters who w)Tk in the centre 8nd the library. The volullleers are supported by five staff members. Thc Bd would Itke io express its continued 8ratitude to all. vOltr$ and the paid sts whose ongoing contribution is also nM)st appreciatrd. Stru¢tur¢. goven#nee JD•n•geJhye FlnAnel#l In5truTneThts Obj¢¢iives anapoh¢i&v The Chari$ a¢livilies exF05e it lo o number of fmn¢i81 risks inc111n¥ ¢f¢dil ri51 casb flow riyk liquidity risk. Thc 8t or rinanctai detrvatjves 15 sovcrned by the chariry'5 p)liwies approved by the trf)8rd of trusiets. hiLh provid¢ WTiiien prirtciples on the use of fJn8neio1 derIV1veS io nwe these risks. The ¢lwity does noi use dcrivative fuw4"i#l in4Ful for speCUl1ve Purp. Coshfltsw risk Interest bcaTiD8 Issets and liabililies wlKre held are ai fjxed rnte to ensure ceitw of Wih flo. Credil risk The ¢horiiy's principal finartciel Bssets are l)gnk ballnces aThl Lxqh. trad¢ and her e]les, investh)enLs. The Lharity's credit risk is Primarity 0ttribab7e lo its receib]es. The amounts presenied in the b81an¢¢ sheet are nel ol allowances for doubifid rtteivables. An allo1¢¢ for impirn)ent is made where Ihcrc 1$ an identifjed loss evcnt whi¢kn based on prÈviotL5 exp¢rieD¢¢. 1$ ¢videnL of u r¢dudion in the rccoverabklity of lh¢ flows. The ¢r¢dil risk on liquid and derivalive fjnanciai inslnunents is limited i%U5¢ the counterpArEi&S ar¢ banks wiih hi8h fftdit-rdtings 8SSi8ned by ititemÈtion81 crulii-r8ttn8 a8ertcits. The charity has llo siwtifiLYnt COll¢entrthi of credit risL with exp)swe $wel over a larg¢ number or Unlerpurtl custom¢T5. lo order to m8inthin "quId1ry io ere Sufficie fiJnd5 are available for ong(pll18 operations and fittur¢ developments. ihe charity 8 mtxthrc of lon*tcrni aod 5hort-temi d¢bi financc. rurtber deIts r¢wdllL8 liquidiry risk C fo4ULd ill thc ol arrountill8 poIi¢ic5 Én the financial statements. The anTJud report vrds approvedby the tr[¢¢5 ofthe chority on 25November ?Q?O and signed on its beha]f by.. usatt EtiZathHaErl5 Page 5
The Deepiny Conmyunity Trnst Jndependeut Examiner's Report to the tnth of The Deeping8 Conmnunity Trust Ltd I re10 th¢ onmy eXaD]lW of tl% 8Lxounts oltk ehatity for tkn year ¢fyts131 Juty 2020 ar¢ out on p8c3 8 to 21. oow jaw) you T¢s81b1¢ for pwornts"¢Jn ofthe ac¢ow)ts itl ace0rd 7th 1he I4uite of thv CconFnies A¢t 2( ('the 2(Th Ael?. H&v5ll8 satijfifyj myself th8t thc accounts of ThB De¢plly Tn are n(rt Ted to b¢ dJited uti&r Part 16 of the 2CX)6 A¢t and aT# eli8ibk f ¢xamtEMtio4 I rert ID TrSF¢Ct of exaniination ot yow chArity's aco)urts as caThied tion 145 of CFAtities Act 2011 Cthe 2011 Aot.). In win8 my exami11 I followj tho DItiOnS 8iwn by the C%arity Conwison uud¢r seGtion 145(5)(b) of the 2011 ACL 386 of tb0 2 ACL. or l the xcounts do not ae¢N)rd vitth trth: or 3. th 8ow(mts ¢$) not efAnpty ¥Yith tho 8{•)till8 of w)tiLm 396 of 2W6 kn other tF any retwIreI that th¢ give rt'tr fair vie¥¢ is D)t eonsid¢red a3 Partof atl 4. the a)ts been in aeoordm with m¥knJs ord Frirnipl¢s of the Stat¢rnt of ]Tel8nd (FRS 102)]. CTax Mana8ement 13 Locks Clo Deeping St lon8 PE6 8RA 13 Fknvembor 2020
Statement of Fmancial Adryities for the Year Ended 31 July 2020 (Including Illcoll Expenditure Account and Statement of Totsl Retogtiised Gains and Ise6) 20211 rqots d Endownwts fro Eknatiou5 olld le8acies 65,607 214 70.975 65.607 214 70,975 136,796 136.796 Ewdithre ott: (Xhw eXditr Total (88.521) .521 (84521 (88,521 48 Is 48275 48275 Total 2t1I9 fulldj Not¢ D)llati(w legAci&s 28.283 125 108.573 28283 125 108.573 Totsl irKL¥ue 136,981 136,981 (94,653 Total exlure Net 94,653) 653) 42.328 42J28 Reconclllation of fuDdJ 15 42.328 42,328 The fi$ eakdOwn foE 20I9 is strown iThnLrte 15.
{Rep3tion number. 03975065) Balance Sheet at 31 Juty 2020 2019 IlJ32 14.782 12 2JC 11.758 174 237.854 185,972 13 235.886 184.l&J 247 of th• &*#rltr. 48275 198.943 41328 156 614 247 247 19 For tbo year * 31 Juty 2020 the was ¢Dttiled to 477 of &c¢OKdB with strAion476: and NovernE¢r 2020 aod ¥i80&1 ontheirithalf ty:
Notes to the fman(ial Statements for the Yev Ended 31 July 2020 2 tknugl&8 Rd PE6 8PA 2 Ebug]&s Rd PE6 8PA FitwJcl ReFrtI SthThlwd appix¢abk in tho UK Rewbb'c of I] (FRS 102) (eff1ve l Sallu 2015) . (Cbarities SCffiP (FRS 102)). the Finm¢iAI RepxtiD8 Stsulard aw]i¢4blo in the UK tTba R1¢ of ITr]ard (FRS 102). Tlw akn with the Aot grd Aot 2011. Bth ofpry•r*don Pa8¢ 10
The Deepingg Conllnunity Trt Notes to the kncial Ststements forlhe Year Ended 31 July 2020 In¢on and endownwts tn tho èveth that a doDation is thieLX W ?)J1110n$ that a leirl of by th¢ charity Wore thfr hotity is ents.ded to tbe fu& th¢ irmlle is defer1 aTO not rec08n1s eitlv thse ¢4lItionS are fijlly m¢L oz the fiJifthDent of those is wknIly thITr thtr eontrol tsf the ¢btirity atMI it JJ kYoEoblc th4t th¢ E4xndlthre All exF¢nth'tw¢ is rec¢8rriJ there IB o k8al or oblytson to that ¢XF¢DJitsMH it is wobable se¢t]¢ment 1$ reffj4rJ tho oon Fx Teliably. AU ¢0 ate to the I'Cable coJ(s aUo¢ot¢d on the ¥ASiS of titr£ spthl ark4 dewtti81iL¥k cb8w aUooAtrd on th¢ s10# oftbe •8Xt'A u. CoV¢rnnl 8rAD¢• Tuath) Tbe chlty i¥ ¢owidnl to pls ts tuts set ¢)ut iti I S¢bthle 6 of the Act 2010 and thefOre it meets the definition of a chthitsble ¢ottpry fcr UK tsx llSe8. coveTrd by 3 Port 1 l of Corpxatioti Art 2010 or Section 256 of tbe TaXlOn ofCF•bk TAnglble fiwj dewectatson al SuEeqwt &xumulAtyJ imKrn I Pwll
The Deeimny Commurrity Trus¢ Ltd Notes to the 5Snan¢ial StxtemeDts for the Yw Ended 31 Juty 2020 re51thl val¥ OVer]r WA¢t¢d life 88 follows: Str¥i8bt lire OVEE 2 to 5 yeaY¥ Trd• d•btor# tF¢ eff¢ctÉve intuest less FViSi fcf I1L A tYovi8ithk for th¢ itrgairnt of trade d•lkn is eStaE4ish tlM¢ is obi&tive ederth that the dwity ts)t be ¥bl¢ to Colltall anura ¢ CAsh xd 4ulv•lfuts Tr•de ernliton 4rLo&xlitiODAI at the of the r¢[MID8 wi04 ty defrt settlemeot of the Crgai[ for at twel rrmths after th¢ ItttIng dAte. If tlwv 13 an Ur11ti¢)Dd ri8bt to (trl¢r frf at leo8t tt¢ lly)nt Borrowth A¢tivities ovu the wiodof th* rBlev8Ot IKYfoBryD& Pa8¢ 12
Nots8 to the all¢l Statellxnts for th¢ Year Ellded 31 July 2020 Tra11108 in foreign city¥enc1 are r)[dea at the of exc]w at the dats of th¢ trwctiorn Moudwy or pyable to a forei8n owation for Thtiich settlan¢nt TJ noither p]8mrA )r lth¢ty to oc¢ur (th¢r¢fore fonDi08 Fwid Jtructur• of the otgeotiva of the clwity. Fff¢)Vi8toos of the instrmenL the ¢h8rity aft¢rde(kntiu8 all of its Jithbiknttes. Page 13
Note8 to the Fmancial StatemMts for the Yegr Ended 31 Juty 2020 for finawi81 assets classifi&l 8S At fair value throu wofit or 104 are initially at foir ¢xistg & l¢gaily thforce8ble risbi tr) sgt off wi5ed and tkn eh8rity intèts48 oithpr to ll¢td6 OD firoA¢ial us¢t trXP2te or %ttlai b) the clwity tran3fen to another Fwty of thè ri8ks •rA tvwArd5 of owtrrsbip of fLllan¢1 as* or c) ¢batity. dttpitr knin8 retsined not •ll. Pa8¢ 14
The Ikepings ConymDnity Trllrt Ixd Notes to the Dlnancial Ststemeots for the Yw Ended 31 July 2020 {•) The contravtuaE to the a Exed (ll) 11 fjxeA x4 or a tA)sitivr Wl0b]e or (iii) a Combin of a F03ill orawiye fjxoiraty variable rate. Ib) The Cntract nwy provi& for TrywL of the Fir11 or tho Tebjrn to tb¢ holder wt l>h) to bo (¢) The wnua¢t tlon of to the the life of the in5thraen4 FTovid¢d that (i) the rtw rnte s&tisfi¢5 c¢)rdition (8) 8{ the jaIl¢ 1% D)t ernliDgent on fubx¢ events other thon (l) a eh8nge of a eontrnctual variable r4t¢'. Q) to FTOtect th¢ knldff ¥1DSt credtt dthioratiott ofthe issuu", (3) ¢}¢$ in le aFPl1 th TrtraI tthk or lSiD8 from ¢lws io tsxation or jaw. or (Li) th¢ nvw ra i• market rats ¢)f intsrest 98tith •)r#litim(A> (d) There is no contr&¢Dl ptoviston that by resuh in tbè IKlder I0D8 th¢ FfiMiFd or (e) ContrA¢tswJ provi8i0ott that Fefmit th¢ xswer to Fryrpy a debt or pxmKC thc bolder ¢0 1 it FAck to d¢t¢rior•tsou of th¢ i&gJer or a ¢hw in cr0] of tl or to the holdor or is$ 88ainst ¢lwJ8 iti levie8 applitxl by a c¢ntr81 E4nk or fr( in rBlevant tsxation or law. (O cootrt PTovigiorts prnit tkn cthnsioo of the term of thp debt irtiVc providod that the rnturn p•zAwb4 (•) to (o). DeE¢ inst[wts thal aTr Classified as walAe or rxeivaL4e withlli yer OD ini¢ial rwllition and 1th to pidor rnceiv•l Aet of IMF m¢4gJtul at fair value thtougb FqDfjtor los& publicly tra&AI or their fair V4h is r¢liabty llwmble) at¢ at fair vabJe thmu8b profit or lo Pa8e 15
The D¢epings Commuwty TnL8t Ltd Notes to the Wthantial stat¢ellts for the Year Ended 31 July 2020 natt]re of h¢dg¢ r¢]&tsonth Tho evidM¢ of fair th 18 a for an ithntical in En aclive Dxrket Wkn ¢ted pie¢$ arg un8v&i]able. pri¢e of a trnTWtith for ttt idti1Ca1 at povides evi(lenc¢ of fair 8$ lon8 fimds Tot*1 2020 Total 2019 rx)tsAti 8ttd le8aoie5; Ik¢Dations from ¢onMnwty 259 259 410 65J48 65.607 27,873 28383 65.607 4 Illve•tmeDI TotAI 2020 Toknl 2019 Interest eIvable ar¥J simiJat in0)n. Inl¢rest teceivable on dew'ts 214 214 125 Pw16
Notes to the kncial StateDwits for tb¢ Y&qr Ended 31 Juty 2020 Total 2020 Total 2019 Fees $FIleS Rcntsl incorae 16,473 16.473 12,5 54502 95.983 108 70 915 73 Total 2020 Totsl Note Staff eo*s Wa8¢s aDd 5thries 44.941 264 3.727 44.941 38.995 Lc8al and proftssioDal f¢¢5 arketi aDdpthhcity 3.727 5.699 532 5.959 43.468 6554 32247 85J21 6,554 32247 88521 94.653 7 Net 5ncoDthayJoutylDg rewvc Net iJJtslrniD8 ie50uw¢s for year FJL¢lude: 2020 2019 Dwlatiolloffixcdaets 5.959 9 Staff emts Pw17
Note8 to the Thancial Statets for the Year Ended 31 Juty 2020 2020 2019 durkn% th•yearweY Wa8¥ atJJ sakni (Xb¢T 5tsff ooats 44,941 264 38.995 45 th6 year ¢XkY¢d 85 tinw oquiv8irth w as follo 2020 2019 LibrEry contr7tiOnS to ¢0Ye8 PaWiD fortl)K total£1.1$7 Q019. £1.831). PaBG 18
The Deepinzs Community T IAd Notes to the Trlnantial StsteDtts for the Year Ended 31 July 2020 11 TgIb fix¢d 4•wts ¢quIpDt T•tl Co At l AU2019 Additions I(82 106,582 3,104 At 31 July 2020 109.686 At l August 2019 Chorse for tl yur At 31 July 2020 Net hook 9l.8th) 91.P 98.354 At 31 July 2020 At31 July2019 12 Debt•r* 2019 2019 Trnd¢ ¢xthrs 359 1.609 lJ21 491 14 RH•rv Totsl At l Auw2019 198.943 Pw19
Notes to the rtoanei81 Statements for Year Ended 31 July 2020 At 31 Juty 2020 156.614 156,614 15 Fund •xpwd•d July 2020 13 (88.520 48.275 Bal•h•) at31 2019 (*d¢d 653 42.328 10 of 1¢¢ beth¢th foDdA Unrnsttht Totsl funds T4D8ible fixad ws¢¢o IlJ32 237.854 1,968 11,332 237.854 2.968 Ckn liabilities Totsinet 247218 247218 thndl To¢al flmth TaD8TrL )1¢ a$8¢ts 14.782 185.972 (1.812 14.782 185.972 (1,812 198.942 198.942
The DeepiDgg Conllnllnity Trust Notes to the Fioanaal ststeThts for the Year Ended 313uly 2020 17 AMatyJl• of fimds At l 2019 Cath At 31 Juty 2020 Ca5b at E•Dk #Train 174314 61334 235,Y8 N•t doi* 174,214 61J34 235.548 2018 C•th At 31 Juty 2019 Cash and in hattd 131281 41933 174214 Nrtdebt 131281 42.933 174214 PaB¢ 21