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
lo￿21

The Deepings Commnnity Trngt Ltd
Refercnce and Administrative Iknai
SF*lron
2 Rd
PE6 8PA
2 Iknuglas Rd
PE6 gpA
Comp4Dy Re8ulrath)n Nthr 03￿￿￿5
13 knks aose
tkepD8 Si Jan
PE6 8RA

The Dwxngy Comllwrrity Trn8t Lld
s￿te81£ Report for the Year Ended 31 Juty 2020
31 Juty 202(i, iti v4rith 5414C of th¢ COnuwll￿ACt2(h￿.

The Deepings Community Tn￿t Ltd
Gnallci￿ statsro￿ of EbF for the yor etthj 31 Juty 2020.
ObJ¢etiY¢4 and x¢fvllk¥
The p£1￿is￿l obJ'¢ot of the ¢on4W is lu￿fit of iDFJabitants of th¢ Trps￿ and the
ghknuthood together def1ll￿1 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 sex￿1 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 re9￿7)[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)XPta￿ts¢Jn of tho m2iti ￿1VIti￿ fortr&yar
aDI servirxs a￿1[able at the Comtnut)ity Ckn.
¢ollaknkiive n)thr¢r.
fitrw ¢la8se8 88 Mell as s￿121 ittterert Tho ray of thet¢ 8roups now Ir￿1th 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 kitol*ns. arka I￿￿tion Of the This ThDrk aDa
8•n¢ral 8aTdan MaIti(enan￿ is ¢a¥[i￿ o(OLr I￿11￿8 ￿￿1$kill￿a Nrjlutt￿ in addition to ￿1p from
Rotw LI￿lS 8TOUKK4 of voluttr4rs. We have al￿ Contin￿1 ty T¢tiuiD mgny of our v0ltsnL￿S in fitst aid
enificoti0D.
iDfonllation it reqir*l to display. We pl81$￿ to kn ablo to anploy d local IT ¢0 e]]abl¢ us
¢omnyJtucation with C¢lltre users &rd iisitoKs. We b8ve 0)ntin￿l to rnise ￿ p￿fi]e with fKtive rAnag￿t
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.
v￿l¢ry of inter¢$ts￿ opportirllties aTrl ¢vtsts fo¥ Fxlth chitdreL Th¢re Fos beea a Si8DJfiwll iwmge
in membersbip ar¥1 ug¢ of the litw by Exople of th¢ Etwss. This has [C￿1￿j ID fiutl*r ¢X*nsion to the
OF¢n?n8 ho￿$ employnxnt of ￿tr)re stsff supm Th¢ corrtitiutsj I￿ting of floor of the h7K4ry
provth &rewkn wllleh is helpiDB kn WAre the liErary'8 lorw4etm flll•ti￿I g￿lty.
ChEr the F￿t Six years the fu￿111 turr￿ •nd s￿bility of the D¥FWS com1n￿ty Tru¥t kn iwird year
onyear. H<)WEver in lllte ￿￿¢b the ECT suffrf alor6 re¥1 of tht tFA% ¢[r￿ts of tr
Covid 19 restri¢tioJLry ond l(*k dow￿ Both tt% liTThy Conwb￿ity 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￿ ￿ll￿1¢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 requitt￿ts of stttion 17 of the Ch8rilies Act ?01 I to
have due regard to the publ¥c knefit 8uid*hte p4]blished hy the Charity cornm￿0￿ for England and Wales.
Use of volullteers
Overall m￿a8e￿￿￿t of the cbaTity is the rwnSR￿1llty of the InLStees Trvho 2re el￿ and cwed ￿t￿er 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 recog￿1$¢5 that the success of the Tn]M depend5 entirely on
the LoInmjtmetsi orth¢ volvniters who w)Tk in the centre 8nd the library. The volullleers are supported by five
staff members. Thc B￿d would Itke io express its continued 8ratitude to all. vOl￿￿tr$ 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 fm*n¢i81 risks inc1￿11n¥ ¢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 derIV￿1veS io nwe these risks. The ¢lwity does noi
use dcrivative fuw4"i#l in4Ful￿ for speCUl￿1ve 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 0ttrib￿ab7e lo its recei￿b]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 $we*l over a larg¢ number or
Unlerpurtl￿ custom¢T5.
lo order to m8inthin ￿"quId1ry io e￿￿re 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 de￿Its 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 EtiZa￿thHaErl5
Page 5

The Deepiny Conmyunity Trnst
Jndependeut Examiner's Report to the tnth of The Deeping8 Conmnunity Trust Ltd
I re￿10 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¢s￿￿81b1¢ for pwornts"¢Jn ofthe ac¢ow)ts itl ace0rd￿ ￿7th 1he I4uite￿ of thv
CconF*nies A¢t 2(￿￿ ('the 2(Th Ael?.
H&v5ll8 satijfifyj myself th8t thc accounts of ThB De¢plly Tn￿ are n(rt T￿￿ed to b¢ d￿Jited
uti&r Part 16 of the 2CX)6 A¢t and aT# eli8ibk f￿ ¢xamtEMtio4 I re￿rt 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 exami￿11￿ I followj tho DI￿tiOnS 8iwn by the C%arity Conwis*on 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 t￿rth: or
3. th* 8ow(mts ¢$) not efAnpty ¥Yith tho 8{•)￿till8 of w)tiLm 396 of 2W6 kn other tF
any retwIre￿I 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¢r*nt of
]Tel8nd (FRS 102)].
CTax Mana8ement
13 Locks Clo
Deeping St lon￿8
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 I￿se6)
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 eX￿dit￿r
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 ex￿￿lure
Net
94,653) ￿653)
42.328
42J28
Reconclllation of fuDdJ
15
42.328
42,328
The fi￿￿$ ￿eakdOwn foE 20I9 is strown iThnLrte 15.

{Rep3￿tion 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￿ ReF￿rtI￿ SthThlwd appix¢abk in tho UK Rewbb'c of I￿]￿￿ (FRS 102) (eff￿1ve l Sallu
2015) . (Cbarities SCffiP (FRS 102)). the Finm¢iAI RepxtiD8 Stsulard aw]i¢4blo in the UK tTba R￿￿￿1¢ of
ITr]ard (FRS 102). Tlw akn with the Aot grd Aot 2011.
Bth ofpry•r*don
Pa8¢ 10

The Deepingg Conllnunity ￿Tr￿t
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 defer￿1 aTO not rec08n1s￿ ￿ eitlv thse ¢4￿lItionS 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¢8rri*J there IB o k8al or oblytson to that ¢XF¢DJitsMH it is wobable
se¢t]¢ment 1$ reffj4r*J 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¢ s￿10# oftbe •8Xt'A u*.
CoV¢rnn￿l 8rAD¢•
Tuath)
Tbe ch￿lty i¥ ¢owidnl to pls ts tuts set ¢)ut iti I S¢bthle 6 of the Act 2010 and
the￿fOre it meets the definition of a chthitsble ¢ottpry fcr UK tsx ￿ll￿Se8.
coveTrd by 3 Port 1 l of Corpxatioti Art 2010 or Section 256 of tbe TaX￿lOn ofCF•bk
TAnglble fiwj
dewectatson al￿ SuE￿eqwt &xumulAtyJ imKrn I
Pwll

The Deeimny Commurrity Trus¢ Ltd
Notes to the 5Snan¢ial StxtemeDts for the Yw Ended 31 Juty 2020
re51th￿l val¥ OVer￿]r WA￿¢t¢d life 88 follows:
Str¥i8bt lire OVEE 2 to 5 yeaY¥
Tr*d• d•btor#
tF¢ eff¢ctÉve intuest less F￿ViSi￿ fcf I￿￿1￿L A tYovi8ithk for th¢ itrgairnt of trade
d•lkn is eStaE4ish￿ tlM¢ is obi&tive e￿derth that the dwity ts)t be ¥bl¢ to Coll￿tall an￿u￿ra ¢
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¢ It￿ttIng dAte. If tlwv 13 an Ur￿￿11ti¢)Dd ri8bt to (trl¢r frf at leo8t t￿t￿¢ 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
Tra1￿￿110￿8 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 W￿l0b]e
or (iii) a Combin￿ of a F03ill￿ orawiye fjxoiraty variable rate.
Ib) The C￿ntract nwy provi& for Tryw￿L* of the Fir￿1￿1 or tho Tebjrn to tb¢ holder wt l>*h) to bo
(¢) The wnua¢t ￿t￿lon 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 t*thk 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&¢D￿l ptoviston that by resuh in tbè IK*lder I0￿D8 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 c￿r0] 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 cootr￿t￿￿ PTovigiorts prnit tkn cthnsioo of the term of thp debt ir*tiV￿c providod that the rnturn
p•zAwb4 (•) to (o).
DeE¢ inst[w￿ts 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 idti￿1Ca1 a*t 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 ￿e￿Ivable 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
Dwlatiolloffixcda￿ets
5.959
9 Staff emts
Pw17

Note8 to the Thancial State￿￿ts 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
contr7￿tiOnS to ¢￿￿0Ye8 PaWiD fortl*)*K total￿£1.1$7 Q019. £1.831).
PaBG 18

The Deepinzs Community T￿￿ IAd
Notes to the Trlnantial StsteD￿tts for the Year Ended 31 July 2020
11 T￿gIb￿ fix¢d 4•wts
¢quIpD￿t
T•t*l
Co
At l AU￿2019
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 ststeTh￿ts 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