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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 03953195 (England and Wales) REGISTERED CHARITY NUMBER: 1090005

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2023

for

Ferryhill Lakes And District Development Education Resource Centre Limited (A Company Limited by Guarantee)

Peter A Hodgson & Co Limited Chartered Certified Accountants Hett Mill Cottage Hett Durham DH6 5LN

Ferryhill Lakes And District Development Education Resource Centre Limited

Contents of the Financial Statements for the Year Ended 31 March 2023

Page
Report of the Trustees 1 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Statement of Financial Position 11 to 12
Notes to the Financial Statements 13 to 25
Detailed Statement of Financial Activities 26 to 27

Ferryhill Lakes And District Development Education Resource Centre Limited

Report of the Trustees for the Year Ended 31 March 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 March 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To promote the benefit of the inhabitants of the County of Durham, in particular but not exclusively, the inhabitants of Ferryhill and neighbourhood thereof (hereinafter called the"area of benefit") without distinction of sex, sexual orientation, race or of political religious or other opinions, by associating together the said inhabitants and local authorities, voluntary and other organisations in a common effort to advance learning, relieve poverty and sickness and to provide facilities in the interest of social welfare for recreation and other leisure time activities with this object of improving condition of life for the said inhabitants.

Significant activities

To establish a community resource centre and to maintain and manage the same, whether alone or in co-operation with any local authority or other voluntary organisation in furtherance of these objects.

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance on public benefit and fee charging.

Page 1

Ferryhill Lakes And District Development Education Resource Centre Limited

Report of the Trustees for the Year Ended 31 March 2023

ACHIEVEMENT AND PERFORMANCE Charitable activities

Ferryhill LADDER Centre is a community resource centre based on the Lakes Estate in Ferryhill County Durham. We have been open to the public for 20 years and provide a wide range of services aimed at reducing poverty and supporting families in a holistic and welcoming environment, providing 1:1 support, group work, play and youth work.

The focus this year was on providing help and support to tackle the 'cost of living' crisis that has significantly impacted our local communities we have actively looked at projects that could help and support local residents.

This report will look at the various funders and services provided by the centre during the last financial year.

Queens Jubilee Celebrations - Funded through Awards for All and Ferryhill Town Council A street party was held to celebrate the Queen's Platinum Jubilee. With funding from Awards for All and Ferryhill Town Council we provided afternoon tea for 110 people along with a BBQ and fun day which in total was celebrated by over 200 people. An amazing celebration LADDER Centre was proud to be a part of it. Resources were purchased to support the centre including new tables chairs and gazebos which have been well utilised and will continue to be.

Slow Cooker Project - Cllr Atkinson and Arnold Clark

Funding was secured to offer a number of slow cooker courses, these provided people with the opportunity to learn how to cook using a slow cooker and also provided both the slow cooker and the ingredients to make a range of both savoury and sweet meals. Slow cookers were provided to over 30 people who also benefited from 6 sessions where food resources were provided.

Plants - Cllr Bowron Ferryhill Town Council

Thanks to support from Cllr Bowron the Centre was able to purchase plants and compost to support the work of the LADDER gardening group.

Warm Space - Funded through County Durham Community Foundation & Livin

Warm spaces were offered from September 2022 through to the end of March 2023 to provide people with the opportunity to come into the Centre and have access to breakfast, hot drinks and a warm space. Staff were available to provide signposting to other services, help with food bank referrals and access to benefit advice and support. In addition, the daily warm space offered in December we opened up on a Saturday to offer special elves breakfasts to children so they could also benefit from support on days they were not in school.

Happy Hive - Poverty Hurts Fund CDCF

LADDER restarted its Happy Hive project in September 2022 offering a free 2 course lunch and the opportunity to enjoy a warm welcoming group. This is an ongoing project ran by volunteer kitchen staff who have gone above and beyond to make this project work. This links in with our warm space, our focus on tackling the cost of living and also the excellent benefits of volunteering. This project regularly feeds more than 20 people.

Craft and Chat - Happiness Hubs

Our Happiness Hubs funded Craft and Chat Group at the Ladder Centre has again proved to be a massive success over the last 12 months. The group has provided a safe space for a diverse range of members of the community, at risk of social isolation to access a range of crafting activities to improve their skills, confidence, and wellbeing.

Page 2

Ferryhill Lakes And District Development Education Resource Centre Limited

Report of the Trustees for the Year Ended 31 March 2023

Session have run weekly throughout the life of this project, the group has consistently attracted between 10 and 15 attendees every week from the Ferryhill, Chilton and West Cornforth areas. Those taking part in the project have covered a variety of craft subjects including, bottle decorating with clay and paint, knitting and crochet, making a variety of Christmas decorations including baubles, table centrepieces, felt garlands, felt angels and cross-stitch gift tags, mindfulness colouring books and puzzles, items crafted to celebrate the Queen's Jubilee and the King's Coronation.

This project has been very well received and feedback from those taking part has been excellent with over 80% of those taking part reporting feeling happier and less lonely.

Livin - Tenancy Stars

A bespoke project established to offer targeted help to Livin tenants with a focus on improving mental health and tackling social isolation. This project allowed staff the time to in depth and complex support to Livin tenants. Providing support to 46 Livin tenants and providing more than £1 million in social value.

Big Lottery - Digital All

Our Digital Champion project is a 3 year project that has worked with local people to support them access IT and online services which included:

Online benefit Calculations and applications

Employability Online applications for housing Online shopping Using comparison sites to find deals on products and services. Online banking Printing Connecting with family online Social Media Online interviews/ Work / Benefit assessments Completing online training with external providers

This work has been delivered on both 1:2:1 and group training sessions and in this last year the project has worked with 320 people.

139 People reported an increase in their confidence using IT.

292 People reported an increase in their financial well-being.

65 People reported an improvement in their connectivity with friends and family.

77 People participated in training to improve their skills.

280 People reported an improvement in their skills and ability to job search independently and manage their own benefit claim.

Total targets for the whole project are as follows: 300 people will feel more confident using IT.

150 people will report an improvement in their financial wellbeing. 150 people will report an improvement in their connectivity with friends and family. 180 People participate in training to improve their skills. 225 people report an improvement in their skills and ability to manage their benefit claims.

Page 3

Ferryhill Lakes And District Development Education Resource Centre Limited

Report of the Trustees for the Year Ended 31 March 2023

Cllr Atkinson Cllr Bihari - Play and Youth Work

This funding covered the salary of 2 children and youth workers until the end of the financial year. This allowed us to continue to deliver children and youth sessions in the LADDER Centre giving children and young people a warm, dry, safe space where they can meet with their friends as a deterrent from antisocial behaviour. We also have a group of young people from the LGBTQIA+ community who attend these sessions regularly accessing information and guidance. As well as meeting up with other young people like themselves. Over this project we have worked with over 150 children and young people.

CDCF - Police and Crime Commissioner Funding

We are funded by the CDCF for 1 youth work and 1 children's session per week. This fund was all about keeping the young people safe. We went on a trip to Safetyworks! Where the young people took part in workshops around: water safety, hazards around the home and phoning 999, the risks of fire starting and the dangers of fireworks. This project is ongoing and continues to focus on positive activities and tackling antisocial behaviour.

DCC Fun and Food

This funding covered the school holidays: Easter, Summer 22 & Halloween. This funding was in place to ensure that children were fed over the school holidays to try and combat holiday hunger. During these sessions we provided children and young people with a hot meal as well as positive activities for them to take part in. This included: arts and craft activities, physical activities to ensure children are encouraged to lead a healthy lifestyle, project work including an evening learning about the Day of the Dead (dia de los Muertos) and trying Mexican food. This project worked with 90 individual children and young people.

CDCF - Mental Health and Learning Disability Connector Grant - Stepping Forward (Men's Mental Health Group & Women's Ways to Wellness)

Over the last financial year we have continued to benefit from funding for County Durham Community Foundation and Happiness Hubs which has allowed us to continue to be committed to supporting Men's Mental Health and Wellbeing across our communities. Our service continues to offer a safe space, wellbeing activities and wrap around support to men at risk of poor mental health, loneliness, and isolation.

Over the last 12 months we have supported 54 men from across the Ferryhill, Chilton, West Cornforth, Trimdon, Newton Aycliffe and Shildon areas.

Our weekly group continues to attract between 12 and 15 men and new referrals to the group are being received regularly.

Those taking part have continued to enjoy opportunities to take part in various social activities, health related sessions, days out, volunteering opportunities, one to one sessions with the Group Worker mainly designed to improve and ensure financial wellbeing and training/focus sessions to help those taking part to better understand their own mental health and to have the opportunity to influence how the group is taken forward.

We are delighted to report that we have managed to support 3 members of our Men's Group to return to full time employment and 8 group members to regularly take part in community volunteering.

Women's Ways to Wellness Project

Our Women's ways to wellness project worked with over 25 women this year. The group was developed to support women with their physical and mental health and to encourage group members to make better choices and improve their health and wellbeing.

Page 4

Ferryhill Lakes And District Development Education Resource Centre Limited

Report of the Trustees for the Year Ended 31 March 2023

The group has covered a variety of different topics and relating to daily life and provides group also receive a free healthy lunch as part to their session. They have taken part in a variety of trips from walks in South Park Darlington, walking from Newton Aycliffe Railway station to the Locomotion Museum in Shildon and back. They have walked from Hartlepool Marina to Seaton Carew had refreshments and walked back. We also spent a lovely day walking around the Metro Centre doing some Christmas Shopping in December.

We carried out a variety different health related activities which included health walks, seated exercise, Ready steady cook, Stone therapy, crafts, Christmas bakes, we had the advocacy service in which have supported the ladies to express their issues and concerns about the area in which they live from that they arranged a meeting with local counsellors, PACT and Neighbourhood wardens. They discussed their problems and received some very helpful advice and information. Many of the group members also received free security items installed in their home from the information that they received in the meeting.

We have had a talk from the NE First credit union and members of the group have now opened savings accounts which will allow them to save and plan their financial situation.

We are currently planning a trip Whitby and a trip to Richmond this summer as we have been lucky enough to have secured funding through the Happiness Hub to continue the group this financial year.

AAP Benefiting Futures

Our 4 Together Partnership funded Benefits Advice and Support Service - Benefitting Futures has made a positive impact upon the financial wellbeing of our communities. Please see below a breakdown of what this project has achieved and the focus points over the life of the project.

AAP funded - offered since 2017 - over the last financial year has assisted 644 residents with their Benefit enquiries, new claims, appeals and completion of paperwork. The project has brought an estimated £2 million pounds of extra revenue into the local economy through extra benefit awards, backdated payments, and maximising income. Excellent value for money I am sure you will agree!

The service has offered signposting to professional Debt Advice services for 43 residents. 39 people have been supported into employment because of this project.

28 residents have been supported to access local volunteering opportunities to build skills and confidence.

The service continues to have a positive impact upon the mental health and wellbeing of those we support.

We have established very popular outreach support services in Chilton and Bishop Middleham. £12000 has been provided to support the work of Ferryhill Foodbank and also Caring and Sharing

We are delighted to report that we have and are continuing to build strong working relationships with partners and are now the ''referral agency of choice'' for many of these partners.

We remain conscious of the need to adapt to extra demands that our benefits service places upon the organization and are currently in the process of training a volunteer and upskilling existing staff to meet this demand and ensure organizational resilience.

CDCF - Health Improvement Fund

Welfare delivery has always been geographically limited and demand to offer help and support to people from the rural east corridor (Sedgefield, Fishburn, Trimdons) and also Spennymoor have significantly increased. Working in a partnership approach with social prescribers attached to GP's we developed and now deliver a project funded through health improvement fund which is allowing us to support vulnerable clients who have been cut off from services. Providing telephone appointments and home visits, demand far outstrips capacity in these areas. This project is ongoing and the expected outcomes have already been exceeded.

Page 5

Ferryhill Lakes And District Development Education Resource Centre Limited

Report of the Trustees for the Year Ended 31 March 2023

Volunteer Fund - County Durham Community Foundation

Funding was secured to employ a volunteer coordinator to support the ladder centre in updating its volunteer offer and help local people engage with volunteering opportunities both at Ferryhill LADDER Centre but also in other settings. This project was a great success and has supported 28 people into volunteering opportunities during its 1 year duration.

FINANCIAL REVIEW

Principal funding sources

Funding has been received in the form of grants as detailed in note 3 to the accounts.

Reserves policy

The Management Committee has examined the charity’s requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed held by the charity should be between 3 and 6 months of the expenditure. The present level of reserves available to the charity of £39258 meets this target level.

FUTURE PLANS

Moving forward LADDER will continue to look at supporting local people through the cost of living crisis, grow the excellent work delivered by staff and secure funding for play and youth delivery so we can support all of our local residents.

Services will include outreach sessions in Chilton, Ferryhill Town Hall, Bishop Middleham. Home visits and targeted work will be offered through the rural east corridor.

Benefit calculations and work to increase income and reduce outgoings will continue.

Work to reduce antisocial behaviour will continue and new ideas will be implemented to support children and young people in Ferryhill.

Volunteering will continue to be a priority and LADDER will look at new ways to encourage and support volunteers.

Digital independence will also continue to be a major theme, providing people with the skills to be self-reliant and build confidence to manage independently.

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.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purpose of charity law and under the company’s Articles are known as members of the Management Committee.

Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of 1 year after which they must be re-elected at the next Annual General Meeting.

The Management Committee seeks to ensure that the needs of the charity are appropriately reflected through the diversity of the trustee body.

Page 6

Ferryhill Lakes And District Development Education Resource Centre Limited

Report of the Trustees for the Year Ended 31 March 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

The Ferryhill LADDER Centre Ltd has a Management Committee of up to 8 members who meet quarterly and are responsible for the strategic direction and policy of the charity. A monthly meeting convenes to discuss operational and day-to-day running of the Centre.

A scheme of delegation is in place and day-to-day responsibility for the provision of the services rests with the Development Worker.

Induction and training of new trustees

Most trustees are familiar with the practical work of the charity and an induction pack has been implemented to introduce new trustees and information is provided as to the extent of their responsibilities and roles.

Risk management

The Management Committee has concluded its own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Internal risks are minimalised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charitable company.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03953195 (England and Wales)

Registered Charity number 1090005

Registered office

Ferryhill Ladder Centre Ltd 5-7 Coniston Road Ferryhill Co. Durham DL17 8EZ

Trustees

Mr J Birchall Mrs V A Birchall Mrs V C Hall Mr P B Atkinson Ms R D Henderson Ms R A Jacobs Ms S Kirby (resigned 31.7.22) Ms M Mccartin

Company Secretary

Ms R A Jacobs

Page 7

Ferryhill Lakes And District Development Education Resource Centre Limited

Report of the Trustees for the Year Ended 31 March 2023

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

Peter A Hodgson Peter A Hodgson & Co Limited Chartered Certified Accountants Hett Mill Cottage Hett Durham DH6 5LN

Approved by order of the board of trustees on 14 July 2023 and signed on its behalf by:

Mr P B Atkinson - Trustee

Page 8

Independent Examiner's Report to the Trustees of Ferryhill Lakes And District Development Education Resource Centre Limited

Independent examiner's report to the trustees of Ferryhill Lakes And District Development Education Resource Centre Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its 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 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Peter A Hodgson

Peter A Hodgson & Co Limited Chartered Certified Accountants Hett Mill Cottage Hett Durham DH6 5LN

14 July 2023

Page 9

Ferryhill Lakes And District Development Education Resource Centre Limited

Statement of Financial Activities for the Year Ended 31 March 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
155
Charitable activities
3
Grants Received
19,869
Administration of Charity
-
Other income
-
Total
20,024
EXPENDITURE ON
Charitable activities
4
Administration of Charity
25,881
NET INCOME/(EXPENDITURE)
(5,857)
RECONCILIATION OF FUNDS
Total funds brought forward
45,115
TOTAL FUNDS CARRIED FORWARD
39,258		 Restricted
funds
£
1,155
137,409
-
5,000
143,564
160,440
(16,876)
212,484
195,608		 31.3.23
Total
funds
£
1,310
157,278
-
5,000
163,588
186,321
(22,733)
257,599
234,866		 31.3.22
Total
funds
£
182
187,712
-
11,989
199,883
157,102
42,781
214,818
257,599

The notes form part of these financial statements

Page 10

Ferryhill Lakes And District Development Education Resource Centre Limited

Statement of Financial Position 31 March 2023

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
10
10,623
CURRENT ASSETS
Debtors
11
1,031
Cash at bank and in hand
34,115
35,146
CREDITORS
Amounts falling due within one year
12
(6,511)
NET CURRENT ASSETS
28,635
TOTAL ASSETS LESS CURRENT
LIABILITIES
39,258
NET ASSETS
39,258
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
101,166
-
94,442
94,442
(-)
94,442
195,608
195,608		 31.3.23
Total
funds
£
111,789
1,031
128,557
129,588
(6,511)
123,077
234,866
234,866
39,258
195,608
234,866		 31.3.22
Total
funds
£
111,383
1,180
149,931
151,111
(4,895)
146,216
257,599
257,599
45,115
212,484
257,599

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 11

continued...

Ferryhill Lakes And District Development Education Resource Centre Limited

Statement of Financial Position - continued

31 March 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 14 July 2023 and were signed on its behalf by:

Mrs V A Birchall - Trustee

Mr P B Atkinson - Trustee

The notes form part of these financial statements

Page 12

Ferryhill Lakes And District Development Education Resource Centre Limited

Notes to the Financial Statements for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable 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 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial 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 income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - in accordance with the property
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Page 13

continued...

Ferryhill Lakes And District Development Education Resource Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES - continued

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.

2. DONATIONS AND LEGACIES

Donations
3.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Grants Received
Grants received, included in the above, are as follows:
Durham County Council
County Durham Community Foundation
Livin' Housing Ltd
The Big Lottery
Ferryhill Town Council
Neighbourly Ltd
Pioneering Care Group
Coop Foundation
The Neighbourly Foundation
Main Grants
Supportive SRC Ltd
Stamp it Out
Arnold Clark
Durham Community Action		 31.3.23
£
1,310
31.3.23
£
157,278
31.3.23
£
34,709
40,125
23,000
48,675
1,525
1,000
6,744
-
-
-
-
-
1,000
500
157,278		 31.3.22
£
182
31.3.22
£
187,712
31.3.22
£
97,948
26,618
18,525
19,595
1,000
-
5,100
1,726
400
9,500
1,300
5,000
1,000
-
187,712

Page 14

continued...

Ferryhill Lakes And District Development Education Resource Centre Limited

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

4. CHARITABLE ACTIVITIES COSTS

Support
Direct
costs (see
Costs
note 5)
£
£
Administration of Charity
173,167
13,154
5.
SUPPORT COSTS
Governance
Management
Finance
costs
£
£
£
Administration of Charity
9,960
125
3,069
6.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.23
£
Depreciation - owned assets
6,488
Other operating leases
3,472		 Totals
£
186,321
Totals
£
13,154
31.3.22
£
6,627
3,386

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 31.3.23
£
112,237
8,472
2,546
123,255		 31.3.22
£
94,048
6,256
2,266
102,570

The average monthly number of employees during the year was as follows:

Support Workers 31.3.23
7		 31.3.22
6

No employees received emoluments in excess of £60,000.

Page 15

continued...

Ferryhill Lakes And District Development Education Resource Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
182
-
Charitable activities
Grants Received
25,111
162,601
Other income
-
11,989
Total
25,293
174,590
EXPENDITURE ON
Charitable activities
Administration of Charity
29,602
127,500
NET INCOME/(EXPENDITURE)
(4,309)
47,090
RECONCILIATION OF FUNDS
Total funds brought forward
49,424
165,394
TOTAL FUNDS CARRIED
FORWARD
45,115
212,484		 Total
funds
£
182
187,712
11,989
199,883
157,102
42,781
214,818
257,599

Page 16

continued...

Ferryhill Lakes And District Development Education Resource Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

10.
TANGIBLE FIXED ASSETS
Improvements
Fixtures
to
Plant and
and
property
machinery
fittings
£
£
£
COST
At 1 April 2022
168,613
16,422
39,104
Additions
-
-
5,886
At 31 March 2023
168,613
16,422
44,990
DEPRECIATION
At 1 April 2022
62,416
16,422
36,137
Charge for year
3,372
-
1,720
At 31 March 2023
65,788
16,422
37,857
NET BOOK VALUE
At 31 March 2023
102,825
-
7,133
At 31 March 2022
106,197
-
2,967
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accrued expenses		 Computer
equipment
£
16,596
1,008
17,604
14,377
1,396
15,773
1,831
2,219
31.3.23
£
1,031
31.3.23
£
663
2,715
3,133
6,511		 Totals
£
240,735
6,894
247,629
129,352
6,488
135,840
111,789
111,383
31.3.22
£
1,180
31.3.22
£
-
1,971
2,924
4,895

Page 17

continued...

Ferryhill Lakes And District Development Education Resource Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.23
31.3.22
£ £
Within one year 4,319 3,338

Page 18

continued...

Ferryhill Lakes And District Development Education Resource Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

14. MOVEMENT IN FUNDS

Unrestricted funds
2 Running/redundancy costs
Contingency fund
Youth
Unrestricted
Maintenance
Restricted funds
4 Support Worker
6 Support Worker
3 Support Worker
5 Support Worker
Fixed Assets Restricted
CDCF
Awards For All
7 Support Worker
8 Support Worker
Ladies Group
Sport
Supportive SRC Ltd
Arnold Clark
Craft and Chat
Easter
Volunteer Fund
AAP Welfare Fund
Platinum Jubilee Celebrations
Police and Crime Commissioner
Fund
CD Com Fund
Happiness Hub for Men
Children
Kitchen/Food
10 Support Worker
TOTAL FUNDS		 At 1.4.22
£
30,652
10,506
1,216
2,741
-
45,115
28,167
33,887
9,563
1,878
104,926
4,166
6,557
2,287
2,449
20
-
650
334
1,800
2,200
1,100
12,000
500
-
-
-
-
-
212,484
257,599		 Net
movement
in funds
£
(7,673)
(6,000)
(214)
(1,683)
9,713
(5,857)
(16,022)
(18,243)
21,501
6,448
(5,176)
(4,166)
(6,557)
7,500
950
1,155
526
(650)
(334)
(1,215)
(2,200)
(335)
(12,000)
2,536
1,225
600
2,738
3,316
1,527
(16,876)
(22,733)		 At
31.3.23
£
22,979
4,506
1,002
1,058
9,713
39,258
12,145
15,644
31,064
8,326
99,750
-
-
9,787
3,399
1,175
526
-
-
585
-
765
-
3,036
1,225
600
2,738
3,316
1,527
195,608
234,866

Page 19

continued...

Ferryhill Lakes And District Development Education Resource Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
2 Running/redundancy costs
Contingency fund
Youth
Ferryill Town Council
Unrestricted
Maintenance
Restricted funds
4 Support Worker
6 Support Worker
3 Support Worker
5 Support Worker
Fixed Assets Restricted
CDCF
Awards For All
7 Support Worker
8 Support Worker
Ladies Group
Halloween
Sport
Supportive SRC Ltd
Arnold Clark
Craft and Chat
Easter
Volunteer Fund
AAP Welfare Fund
Platinum Jubilee Celebrations
New ESF
Slow Cookers
Police and Crime Commissioner
CD Com Fund
Happy Hive
Warm Hub
Happiness Hub for Men
Children
Kitchen/Food
10 Support Worker
TOTAL FUNDS		 Incoming
resources
£
14,857
(6,000)
-
100
-
11,067
20,024
9,300
8,014
60,268
16,978
-
(1,637)
(2,163)
22,370
3,744
1,155
693
1,840
(322)
340
-
5,545
-
(709)
4,793
236
918
1,500
203
1,196
600
3,049
4,105
1,548
143,564
163,588		 Resources
expended
£
(22,530)
-
(214)
(100)
(1,683)
(1,354)
(25,881)
(25,322)
(26,257)
(38,767)
(10,530)
(5,176)
(2,529)
(4,394)
(14,870)
(2,794)
-
(693)
(1,314)
(328)
(674)
(1,215)
(7,745)
(335)
(11,291)
(2,257)
(236)
(918)
(275)
(203)
(1,196)
-
(311)
(789)
(21)
(160,440)
(186,321)		 Movement
in funds
£
(7,673)
(6,000)
(214)
-
(1,683)
9,713
(5,857)
(16,022)
(18,243)
21,501
6,448
(5,176)
(4,166)
(6,557)
7,500
950
1,155
-
526
(650)
(334)
(1,215)
(2,200)
(335)
(12,000)
2,536
-
-
1,225
-
-
600
2,738
3,316
1,527
(16,876)
(22,733)

Page 21

continued...

rryhill Lakes And District Development

Education Resource Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
2 Running/redundancy costs
Contingency fund
Youth
Unrestricted
Restricted funds
4 Support Worker
Children in Need
6 Support Worker
3 Support Worker
5 Support Worker
Fixed Assets Restricted
CDCF
Awards For All
7 Support Worker
8 Support Worker
C Hall
Coop Foundation
Easter Activities
Summer Holidays
DCC Art
Supportive SRC Ltd
Arnold Clark
Craft and Chat
Easter
Volunteer Fund
AAP Welfare Fund
Platinum Jubilee Celebrations
TOTAL FUNDS		 At 1.4.21
£
30,454
12,685
1,916
4,369
49,424
15,380
500
12,294
1,866
7,936
111,018
-
-
5,282
5,826
20
1,095
682
2,500
995
-
-
-
-
-
-
-
165,394
214,818		 Net
movement
in funds
£
198
(2,179)
(700)
(1,628)
(4,309)
12,787
(500)
21,593
7,697
(6,058)
(6,092)
4,166
6,557
(2,995)
(3,377)
(1,095)
(682)
(2,500)
(995)
650
334
1,800
2,200
1,100
12,000
500
47,090
42,781		 At
31.3.22
£
30,652
10,506
1,216
2,741
45,115
28,167
-
33,887
9,563
1,878
104,926
4,166
6,557
2,287
2,449
20
-
-
-
-
650
334
1,800
2,200
1,100
12,000
500
212,484
257,599

Page 21

continued...

Ferryhill Lakes And District Development Education Resource Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
2 Running/redundancy costs
Contingency fund
Youth
Unrestricted
Restricted funds
4 Support Worker
Children in Need
6 Support Worker
3 Support Worker
5 Support Worker
Fixed Assets Restricted
Livin' Housing Ltd
CDCF
Awards For All
7 Support Worker
8 Support Worker
Coop Foundation
Easter Activities
Summer Holidays
DCC Art
May 2022 Half Term
Supportive SRC Ltd
October 2021 half term
Arnold Clark
Christmas 2021 Activities
Craft and Chat
Easter
Volunteer Fund
AAP Welfare Fund
Platinum Jubilee Celebrations
TOTAL FUNDS		 Incoming
resources
£
24,893
400
-
-
25,293
31,470
(500)
40,751
43,853
4,639
-
1,500
4,720
8,745
9,081
1,479
6,726
(426)
-
-
473
1,300
384
1,000
1,795
1,800
2,200
1,100
12,000
500
174,590
199,883		 Resources
expended
£
(24,695)
(2,579)
(700)
(1,628)
(29,602)
(18,683)
-
(19,158)
(36,156)
(10,697)
(6,092)
(1,500)
(554)
(2,188)
(12,076)
(4,856)
(7,821)
(256)
(2,500)
(995)
(473)
(650)
(384)
(666)
(1,795)
-
-
-
-
-
(127,500)
(157,102)		 Movement
in funds
£
198
(2,179)
(700)
(1,628)
(4,309)
12,787
(500)
21,593
7,697
(6,058)
(6,092)
-
4,166
6,557
(2,995)
(3,377)
(1,095)
(682)
(2,500)
(995)
-
650
-
334
-
1,800
2,200
1,100
12,000
500
47,090
42,781

Page 22

continued...

Ferryhill Lakes And District Development Education Resource Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
2 Running/redundancy costs
Contingency fund
Youth
Unrestricted
Maintenance
Restricted funds
4 Support Worker
Children in Need
6 Support Worker
3 Support Worker
5 Support Worker
Fixed Assets Restricted
7 Support Worker
8 Support Worker
Ladies Group
Sport
Coop Foundation
Easter Activities
Summer Holidays
DCC Art
Craft and Chat
Volunteer Fund
Platinum Jubilee Celebrations
Police and Crime Commissioner
Fund
CD Com Fund
Happiness Hub for Men
Children
Kitchen/Food
10 Support Worker
TOTAL FUNDS		 At 1.4.21
£
30,454
12,685
1,916
4,369
-
49,424
15,380
500
12,294
1,866
7,936
111,018
5,282
5,826
20
-
1,095
682
2,500
995
-
-
-
-
-
-
-
-
165,394
214,818		 Net
movement
in funds
£
(7,475)
(8,179)
(914)
(3,311)
9,713
(10,166)
(3,235)
(500)
3,350
29,198
390
(11,268)
4,505
(2,427)
1,155
526
(1,095)
(682)
(2,500)
(995)
585
765
3,036
1,225
600
2,738
3,316
1,527
30,214
20,048		 At
31.3.23
£
22,979
4,506
1,002
1,058
9,713
39,258
12,145
-
15,644
31,064
8,326
99,750
9,787
3,399
1,175
526
-
-
-
-
585
765
3,036
1,225
600
2,738
3,316
1,527
195,608
234,866

Page 23

continued...

Ferryhill Lakes And District Development Education Resource Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
2 Running/redundancy costs
Contingency fund
Youth
Ferryhill Town Council
Unrestricted
Maintenance
Restricted funds
4 Support Worker
Children in Need
6 Support Worker
3 Support Worker
5 Support Worker
Fixed Assets Restricted
Livin' Housing Ltd
CDCF
Awards For All
7 Support Worker
8 Support Worker
Ladies Group
Halloween
Sport
Coop Foundation
Easter Activities
Summer Holidays
DCC Art
May 2022 Half Term
Supportive SRC Ltd
October 2021 half term
Arnold Clark
Christmas 2021 Activities
Craft and Chat
Easter
Volunteer Fund
AAP Welfare Fund
Platinum Jubilee Celebrations
New ESF
Slow Cookers
Police and Crime Commissioner
Fund
CD Com Fund		 Incoming
resources
£
39,750
(5,600)
-
100
-
11,067
45,317
40,770
(500)
48,765
104,121
21,617
-
1,500
3,083
6,582
31,451
5,223
1,155
693
1,840
6,726
(426)
-
-
473
978
384
1,340
1,795
1,800
7,745
1,100
11,291
5,293
236
918
1,500		 Resources
expended
£
(47,225)
(2,579)
(914)
(100)
(3,311)
(1,354)
(55,483)
(44,005)
-
(45,415)
(74,923)
(21,227)
(11,268)
(1,500)
(3,083)
(6,582)
(26,946)
(7,650)
-
(693)
(1,314)
(7,821)
(256)
(2,500)
(995)
(473)
(978)
(384)
(1,340)
(1,795)
(1,215)
(7,745)
(335)
(11,291)
(2,257)
(236)
(918)
(275)		 Movement
in funds
£
(7,475)
(8,179)
(914)
-
(3,311)
9,713
(10,166)
(3,235)
(500)
3,350
29,198
390
(11,268)
-
-
-
4,505
(2,427)
1,155
-
526
(1,095)
(682)
(2,500)
(995)
-
-
-
-
-
585
-
765
-
3,036
-
-
1,225

Page 24

continued...

Ferryhill Lakes And District Development Education Resource Centre Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

14.
MOVEMENT IN FUNDS - continued
Happy Hive
Warm Hub
Happiness Hub for Men
Children
Kitchen/Food
10 Support Worker
TOTAL FUNDS		 203
1,196
600
3,049
4,105
1,548
318,154
363,471		 (203)
(1,196)
-
(311)
(789)
(21)
(287,940)
(343,423)		 -
-
600
2,738
3,316
1,527
30,214
20,048

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

16. ULTIMATE CONTROLLING PARTY

The company is incorporated as a company limited by guarantee and not having a share capital. The members of the company have each undertaken to contribute an amount not exceeding £1 towards any deficit arising in the event of the company being wound up. This guarantee applies during the period of membership and extends one year after membership ceases.

Page 25

Ferryhill Lakes And District Development Education Resource Centre Limited

Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Charitable activities
Grants
Other income
Employment allowance
JRS Grant (Furlough)
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Police checks
Activity costs
Repairs and maintenance
Staff travel
Licences
Cleaning
Work clothing
Rentokil
Sage software
Photocopier usage
Support costs
Management
Other operating leases
Carried forward		 31.3.23
£
1,310
157,278
5,000
-
5,000
163,588
112,237
8,472
2,546
453
1,257
2,484
4,458
316
2379
52
30,393
3,606
663
474
1,077
424
836
144
896
173,167
3,472
3,472		 31.3.22
£
182
187,712
4,000
7,989
11,989
199,883
94,048
6,256
2,266
387
1,148
3,507
3,444
556
563
239
13,730
14,617
424
723
90
-
782
144
995
143,919
3,386
3,386

This page does not form part of the statutory financial statements

Page 26

Ferryhill Lakes And District Development Education Resource Centre Limited

Detailed Statement of Financial Activities
for the Year Ended 31 March 2023
Management
Brought forward
Sundries
Improvements to property
Plant and machinery
Fixtures and fittings
Computer equipment
Finance
Bank charges
Governance costs
Accountancy fees
Professional fees
Total resources expended
Net (expenditure)/income		 31.3.23
£
3,472
-
3,372
-
1,720
1,396
9,960
125
3,056
13
3,069
186,321
(22,733)		 31.3.22
£
3,386
13
3,372
133
1,690
1,432
10,026
120
2,911
126
3,037
157,102
42,781

This page does not form part of the statutory financial statements

Page 27