REGISTERED COMPANY NUMBER: 03953195 (England and Wales) REGISTERED CHARITY NUMBER: 1090005 ort of the Trustees and Unaudlted Flnanclal Statements for the Year Ended 31 March 2025 for Fer hill Lakes And Dlstrict Develo ment Education Resource Centre Limited Acom an Llmited b Guarantee Peter A Hodgson & Co Limited Chartered Certified Accountants Hett Mill Cottage Hett Durham DH6 5LN
Fer hill Lakes And District Develo ment Education Resource Centre Limited Contents of the Financial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examlnerfs Report Statement of Flnancial Activities 9 to 10 Statement of Financial Position 12 to 13 Note8 to the Flnanclal Statements 14 to 26 Detalled Statement of Flnancial Actlvitles 27 to 28
Fer hill Lakes And District Develo ment Education Resource Centre Limited ort of the Trustees for the Year Ended 31 March 2025 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 2025. 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. Slgnlflcant actlvltles 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 guidan on public benefit, including the guidance on public benefit and fee charging. Page 1
Fer hill Lakes And District Develo ment Education Resource Centre Limited ort of the Trustees for the Year Ended 31 March 2025 ACHIEVEMENT AND PERFORMANCE Charitable activities Ferryhill LADDER Centre is a communty resource ntre based on the Lakes Estate in Ferryhill County Durham. We have been open to the public since 2002 and provide a wide range of services aimed at reducing povety and supporting families in a holistic and welcoming environment. Providing 1.1 support, group work, play and youth work. The focus this year has been on continued support to address the cost of living crisis, increase volunteering opportunities and support digital skills and increase financial wellbeing. LADDER has also benefited from significant capital improvements to ensure longevity of the Centre. This report will look at the various funders and seriices provided by the centre during the last financial year. UKSPF Capital With Support from Durham County Council. L4DDER has been successful in securing funding for essential capital work and this has included the following.. New Doors and Windows New Solar Panels Replacement of the conservatory for an insulated room New Play area This work will improve the energy efficiency of the building and future proof the Centre so we can continue to deliver much needed services IT - through UKSPF LADDER also secured funding to upgrade our IT infrastructure. This work has included a new server, switch and laptops. This now allows us to provide open access public wifi and more laptops for training, leaming and internet access. Volunteer Project - Another element of UKSPF funding has been support for volunteering. Thi8 has allowed us to fund a volunteer coordinator who has supported the centre and local people to engage with local volunteer opportunities and successfully achieve the Volunteer Kitemark. Eldon Trust - Funding from the Eldon Trust has allowed LADDER to decorate and furnish the reception area which has created a warm and friendly atmosphere for people coming into the centre. The Eldon Trust has also supported the work of our men's and women's groups. Food Support Welcome Space - Funded through County Durham Community Foundation Welcome spaces ran from April 24 to July 24 and then restarted in Jan 25 and ran until the end of March 2025. Providing an open access Self service breakfast and hot drink provision with staff available to offer help and support with benefit advice, access to foodbank help and other crisis support. In addition to this we also set up tea time toast stations to support children and young people when they access the centre. Happy Hive LADDER'S Happy Hive goes from strength to strength. Providing a free 2 course meal every Thursday with activities this group attracts in excess of 20 people each week sometimes up to 30 people. Delivered by volunteers and funded currently through private donations. Ferryhill Food Bank L4DDER Centre remains the main referral agency to access help from Ferryhill Food Bank. We provide voucher codes and take in referrals and provide help and support with - debt referrals, benefit advice and signposting to support services. Group Activities Ladder Centre - Monday Men's Group Page 2
Fer hill Lakes And District Develo ment Education Resource Centre Limited Re ort of the Trustees for the Year Ended 31 March 2025 Our weekly Men's wellbeing social group has continued to be popular during the last financial year, and despite limited funding it has continued to provide a safe space for men at risk of suffering poor mental health and isolation to Mt. The group has 25 active members, with new referrals being regularly received, and those attending have taken part in regular activities such as health walks, gym taster sessions, cooking lessons, social days out and our Life Through a Lens Photography Project. The group has continued to benefrt from 1.1 support from the group mentor for issues such as debts, benefits support and accessing health and wellbeing services. Vvhat has been particularly pleasing over the last year is the number of the men attending the group who took advantage of the support of our volunteering project and have moved into local volunteering opportunities. This has had a positive impact upon their confidence, has built new friendships and has improved their own resilience. Women's Ways to Wellness Project Our Women's ways to wellness project worked with over 30 women this year. The group was developed to support women with their physical and mental health issues and to encourage group members to make better choices and improve their health and wellbeing. Our women's group meets every week and provides a safe and welcoming environment for women. During the last year we have had trips to York, The Metro Centre, Richmond, Mainsgill Farm, walks around the local area and Hardwick Park. We have had cookery sessions, seated exercises sessions. The group has continued to grow and are always looking for opportunrties to take part in to further benefit their physical and mental health. Ladder Centre A4P Funded Big Arts Project- Lrfe Through a Lens This very successful art project ran through the Summer of 2024 and attracted participants. The project involved residents being offered the means. skills and opportunity to take photographs of the County Durham area to celebrate the natural beauty of County Durham. They were then asked to choose one photograph which really 'meant something to them,. The project gave us the opportunity to engage a professional pholographer - Scott Akoz, to work with those taking part, and photography trips were organised to a mix of locations locally. Each project participant was invited to choose one photograph which was then framed and displayed at a celebration event at The Feryhill Ladder Centre on the 4th October 2024. Craft and Chat Funding for craft and chat stopped this year but LADDER took the decision to keep this group running and with support from volunteers and the centre manager the group has continued to run and delivered Christmas craft and chat long with general craft and chat sessions. Benefits, Employability and Digital Services Big Lottery - Digital All The Digital All project funded by the Lottery came to an end in December 2024 following 3 years of funding for our digital champion we are very proud to exceed all targets set for this project. Our Digital Champion worked the local communty to support them access IT and online ServIS 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 interviewsl Work l Benefrt assessments Completing online training with extemal providers Page 3
Fer hill Lakes And District Develo ment Education Resource Centre Limited Re ort of the Trustees for the Year Ended 31 March 2025 This work has been delivered on both 1..1 and group training sessions and in the last 2 years the project has worked with 1364 people. 586 People reported an increase in their confidence using IT. 817 People reported an increase in their financial well-being. 221 People reported an improvement in their connectivity with friends and family. 251 People participated in training to improve their skills. 910 People reported an improvement in their skills and ability to job search independently and manage their own benefit claim. As you can see this was greatly more than the project targets which are shown below. Total targets for the whole project were 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. Benefrtting All -TNLF (Started February 2025) Benefitting all is new funding from the Lottery to continue and improve the previous Digital All project. This provides 3 years funding to allow us to continue and expand upon the benefit and digital services we provide. Although this project only started in February we have already been working hard and are well on the way to achieving the targets set for this project which are: 300 people will have access to high qualily benefrts advice each year To date 149 150 people will be supported to maximise their benefrt income each year To date 90 200 people will participate in digital training over the project lifetime To date 26 300 people will report an improvement in their digital skills to enable them to better manage online benefit claims each year To date 30 100 people will be supported to aC$S online benefit services such as Blue Badge applications and housing applications each year To date 25 A4P Recovering Futures Our 4 Together Partnership funded Benefits Advice and Support Service - Recovering Futures has continued to make a positive impact upon the financial wellbeing of our communities. The project continues to provide excellent value for money and has again exceeded demand. Between April 2024 and March 2025, we are delighted to report that we have assisted 870 people to maximise their income. navigate the benefits system and access essential support in times of crisis. We feel that the continued demand for face-to-face support when completing new applications for benefits, appealing benefits decisions, checking entitlement to benefits, etc. reflects how important our Benefits Advi servi remains to the community. Regarding value for money, although difficult to calculate accurately, we estimate that the work completed during these projects continues to generate over £2 million pounds a year in extra and continuing benefit awards, a significant boost to the local economy. One client alone who worked with us received over £11,000 in back dated benefit payments after a historic mistake was discovered with her claim. Page 4
Fer hill Lakes And District Develo ment Education Resource Centre Limited Re ort of the Trustees for the Year Ended 31 March 2025 Regular referrals from our partners continue, especially in relation to some of the more vulnerable clients who require home visits to access help. We have continued to work closely with GP aligned Social Prescribing Link Workers and Care Co-ordinators to grow this area of service. During the last financial year our Benefits service has faced several challenges linked to ongoing welfare reform, most notably changes to the Winter Fuel Payment and an increased demand for Pension Credit checks. and ongoing planned Universal Credit migration. These changes have increased our workload, and further changes are anticipated in 2026 to Personal Independence Payment entitlement and once the outcome of the ongoing govemment Green Paper - Pathways to Work consultation is published. In September 2024 we were delighted to welcome Joan to the team, Joan joins the Ladder Centre Advice Team after working for the Department for Works and Pensions for over 30 years, and we welcome her knowledge and experience. Livin - Hub with a Heart A bespoke project established to offer targeted help to Livin tenants with a focus on improving mental health, tackling social isolation, and improving financial wellbeing. This project allowed staff the time to provide in depth and complex support to Livin tenants. Providing support to100 Livin tenants and providing £1,956,214 in social value. This funding supported L4DDER to help Livin tenants increase financial wellbeing, reduce depression and anxiety, and improve health and wellbeing. Ferryhill Town Hall Drop in - Feryhill Town Council In the last financial year we have provided a fortnightly drop in service from Feryhill Town Hall and during this year we have worked with 127 local residents. Covering a variety of different topics from PIP claims, Blue Badge applications, Disabled bus pass applications, Issues with housing, Durham Key Option accounts, applications for Council Tax reduction and Housing benefit. Benefit Calculations, support with applications for driving licences and rail cards. Help with consumer issues. New claims for Employment and support allowance and Universal credit. Management of Universal credit accounts, support to request Fitnotes. Pension Credit applications, support with Job search and CV production. We will continue to provide this drop in service as we move forward through 2025 - 2026. Chilton Town Council Drop In Chilton Town Council & Fomer Cllr Julie Cairns Between April 2024 and March 2025 our Chilton Outreach work has continued to go from strength to strength, with an average of 13 people visiting the Drop In at Chilton Town Hall every Tuesday morning, We have also provided support by means of home visits, to those Chilton residents who are housebound, and this has proved massively beneficial. This work has achieved some significant SUltS, particularly in relation to maximising income for elderly people in Chilton who previously have had no means of accessing advice and guidance readily. We would like to take this opportunity to thank Former Councillor Julie Cairns and Chimon Town Council for the funding and ongoing support to allow us to deliver this vital service. CDCF - Health Improvement Fund & Organisational Sustainability Fund Welfare delivery has always been geographically limited and demand to offer help and support to people from the wral east corridor (Sedgefield, Fishbum, Trimdons) and 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 servIs. Providing telephone appointments and home visits, demand far outstrips capacity in these areas. This project ended December 2024 but the work from this will now continue and be funded through Benefitting All TNLF Children and Young Peoples Services This year LADDER have worked with a number of funders to be able to deliver essential children and youth work, these a as follows.. Million Hours Fund - TNLF Page 5
Fer hill Lakes And District Develo ment Education Resource Centre Limited Re ort of the Trustees for the Year Ended 31 March 2025 This covers 4 youth sessions per week and we run these Monday - Thursday every week. Working with young people at risk of anti social behaviour. AAP- LADDER Kids This covers 3 play sessions and run Tuesday - Thursday every week and work with younger children 5 - 11 years old. During the children and youth sessions we have worked with over 200 children and young people this year with approximately 40-50% of these children and young people having additional needs (SEN) Fun and Food - Durham County Council The school holidays have been funded by the fun and food funding to help us combat holiday hunger in the Ferryhill area. The funding allowed us to provide additional sessions during the.. Easter Holidays, Summer Holidays and Christmas Holidays. These sessions provided every child with a hot meal during every session that they attended as well as the chance to take part in lots of fun activities, ensuring they take part in lots of physical activities and encourage a healthy lifestyle. We have provided over 700 hot meals to children over the last year thanks to the fun and food funding. LADDER Centre AAP Big Arts Funding - Musical Theatre Mural We also had funding from the AAP Big Art funding. This funding allowed us to work with graffiti artist Creative Ginger to create a mural on the back wall in the garden as the previous work was looking tarnished. The young people worked with him and came up with the idea of a musical theatre mural. The young people discussed and drew pictures of their favourite musicals and then voted on which ones would go onto the wall. This took place over the summer holidays and was a really good project, attracting at least 20 young people to each session. FINANCIAL REVIEW Principal funding sources Funding has been received in the fomi of grants as detailed in note 3 to the account8. 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 reserrfes available to the charity of £36250 meets this target level. FUTURE PLANS LADDER will be looking to deliver targeted projects along with our main delivery activities. The focus of these will be on British Values as we aim to encourage and support community cohesion. We will also be looking to deliver projects with a reuse and repurpose focus and potentially open a repair café LADDER also will focus on securing more long term funding for play and youth delivery and look to continue to develop and improve our volunteer offer. Further changes to the benefits system will also be prioritised as we look to mitigate any issues caused as we enter the final stages of migration to universal credit and start the process of pathways to work consultation and then implementation. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Page 6
Fer hill Lakes And District Develo ment Education Resource Centre Limited Re ort of the Trustees for the Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT 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. Organlsatlonal structure The Ferryhill LADDER Centre Ltd has a Management Committee of up to 7 members who meet quarterly and are responsible for Ihe 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 serlices rests with the Development Worker. Induction and trainlng 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 infomiation is provided as to the extent of their responsibilities and roles. R18k 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 a 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 Page 7
Fer hill Lakes And District Develo ment Education Resource Centre Limited Re ort of the Trustees for the Year Ended 31 March 2025 Trustees Mr J Birchall (resigned 12.7.24) Mrs V A Birchall Mrs V C Hall Mr P B Atkinson Ms R D Henderson Ms R A Jacobs MsJBMcCourt Ms J L West (appointed 12.7.24) Company Secretsry Ms R A Jacobs Independent Examlner 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 7 July 2025 and signed on its behalf by.. Mr P B Atkinson - Trustee Page 8
Inde endent Examin8rfs Re ort to the Trustees of Fer hill Lakes And District Develo ment Education Resource Centre Limited Independent examlnerfs 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 2025. Responslbilities 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 (Ihe 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 carying out my examination I have followed the Direction8 given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Page 9
Inde endent Examiner's Re ort to the Trustees of Fer hill Lakes And District Develo ment Education Resource Centre Llmlted Independent examinerfs statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records; or 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 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 Sreland (FRS 102)). I have no concerns and have come across no other matters in connection wilh 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 The Association of Chartered Certified Accountants Peter A Hodgson & Co Limited Chartered Certified Accountants Hett Mill Cottage Hett Durham DH6 5LN 7 July 2025 Page 10
Fer hill Lakes And District Develo ment Education Resource Centre Limited Statement of Flnancial Activlties for the Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 4.050 4,050 536 Charitable activities Room Hire Grants Received 2,500 179,302 29,763 307,873 337,636 Other income 5.000 5,000 Total 33.813 312873 187,338 EXPENDITURE ON Charltable actlvltles Administration of Charity 37,332 216,346 253,678 182,931 NET INCOMEI(EXPENDITURE) (3,519) 96,527 93,008 4,407 RECONCILIATION OF FUNDS Total funds brought for#vard 39,769 199,504 239,273 234,866 TOTAL FUNDS CARRIED FORWARD 296 031 332 281 239 273 The notes form part of these financial statements Page11
Fer hill Lakes And District Develo ment Education Resource Centre Limited Statement of Flnanclal Position 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets 10 11,160 203,875 215,035 109,773 CURRENT ASSETS Debtors Cash at bank and in hand 9,602 9,602 116134 412 137263 29,522 96,214 125,736 137675 CREDITORS Amounts falling due within one year 12 <4,432) {4,058) (8490) (8175) NET CURRENT ASSETS 92.156 117246 129 500 TOTAL ASSETS LESS CURRENT LIABILITIES 36,250 296,031 332,281 239,273 NET ASSETS 296,031 332 281 239 273 FUNDS Unrestricted funds Restricted funds 15 36,250 296,031 39,769 199,504 TOTAL FUNDS 332,281 239 273 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which othemise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitable company. The notes form part of these financial statements Page 12 continued...
Fer hill Lakes And District Develo ment Education Resource Centre Limited Statement of Flnanclal Position - continued 31 March 2025 These financial statements have been prepared in accordance wrth 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 7 July 2025 and were signed on its behalf by.. Mrs V A Birchall - Trustee Mr P B Atkinson - Trustee The notes fonn part of these financial statements Page 13
Fer hill Lakes And District Develo ment Education Resource Centre Limited Notes to the Financial Statements for the Year Ended 31 March 2025 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. Expendlture 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 benefrts 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. Tanglble flxed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property Plant and machinery Fixtures and fittings Computer equipment in accordance with the property 200k on cost 200A on cost 20% on cost Taxatlon 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 14 continued...
Fer hill Lakes And District Develo ment Education Resource Centre Limited Notes to the Financial Statements - contlnued for the Year Ended 31 March 2025 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. DONATIONS AND LEGACIES 31.3.25 31.3.24 Donations 4,050 536 INCOME FROM CHARITABLE ACTIVITIES 31.3.25 31.3.24 Activity Room Hire Grants Received Room hire Grant8 2,500 179302 337 636 337,636 181,802 Grants received, included in the above, are as follows: 31.3.25 31.3.24 Durham County Council 184,144 22,270 10,000 86,305 27,275 1,495 County Durham Community Foundation Livin, Housing Ltd The National Lottery Community Fund RC North East and Cumbria Fund Ferryhill Town Council Neighbourly Foundation Pioneering Care Group Chilton Town Council TNLCF The Million Hours Rural Design Centre 92,424 2,200 500 45,750 6,428 2,055 6,994 3,000 6,500 17,692 337,636 179,302 Page 15 continued...
Fer hill Lakes And District Develo ment Education Resource Centre Limited Notes to the Financial Statements - contlnued for the Year Ended 31 March 2025 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Direct Costs Totals Administration of Charity 225,478 28,200 253,678 SUPPORT COSTS Governance costs Management Finance Totals Administration of Charity 23,252 128 4,820 28,200 NET INCOMEI{EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting): 31.3.25 31.3.24 Depreciation - owned assets Other operating leases Deficit on disposal of fixed assets 8,232 5,917 7,000 7,564 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other beneffts for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS 31.3.25 31.3.24 Wages and salaries Social security costs Other pension costs 145,542 11,922 3,047 114,112 8,760 2,459 160,511 125,331 The average monthly number of employees during the year was as follows.. 31.3.25 10 31.3.24 Support Workers Page 16 continued...
Fer hill Lakes And District Develo ment Education Resource Centre Limited Notes to the Financial Statements - contlnued for the Year Ended 31 March 2025 STAFF COSTS - continued No employees received emoluments in eXsS of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 536 536 Charltable actlvltles Room Hire Grants Received 2,500 29,312 2,500 179,302 149,990 Other income 5,000 5,000 Total 32,348 154,990 187338 EXPENDITURE ON Charitable activities Administration of Charity 182,931 NET INCOME 511 3,896 4,407 RECONCILIATION OF FUNDS Total funds brought for#vard 39,258 195,608 234,866 TOTAL FUNDS CARRIED FORWARD 199,504 239,273 Page 17 continued...
Fer hill Lakes And District Develo ment Education Resource Centre Limited Notes to the Flnanclal Statements - contlnued for the Year Ended 31 March 2025 10. TANGIBLE FIXED ASSETS Improvements to property Fixtures and ffttings Plant and machinery Computer equipment Totals COST At 1 April 2024 Additions Disposals 168,613 58,903 15,571) 16,422 40,927 13,140) 20,471 2,213 13,021 20,554 218,527 122,597 At 31 March 2025 211,945 308 531 DEPRECIATION At 1 April 2024 Charge for year Eliminated on disposal 69,160 3.112 16,422 682 15,336 2,103 7,836 2,335 108,754 8,232 At 31 March 2025 65,804 17,439 NET BOOK VALUE At 31 March 2025 146,141 40,245 5.245 215,035 At 31 March 2024 99,453 109773 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Accruals Prepayments 1,952 412 412 Page 18 continued...
Fer hill Lakes And District Develo ment Education Resource Centre Limited Notes to the Flnanclal Statements - contlnued for the Year Ended 31 March 2025 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Social security and other taxes Accrued expenses 4,058 4,432 2,924 5,251 13. LEASING AGREEMENTS Minimum lease payments under non•cancellable operating leases fall due as follows.. 31.3.25 31.3.24 Between one and five years 16,577 21,524 Page 19 continued...
Fer hill Lakes And District Develo ment Education Resource Centre Limited Notes to the Financial Statsments - continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS Net movement in funds At 31.3,25 At 1.4.24 Unrestricted funds 2 Runninglredundancy costs Contingency fund Youth Unrestricted Maintenance 24,767 4,536 1,677 2,203 6,586 (9,100) 50 (1,677) 8,445 15,667 4,586 10,648 39,769 (3,519) 36,250 Restricted funds 4 Support Worker 6 Support Worker 3 Support Worker 5 Support Worker Fixed Assets Restricted 7 Support Worker Ladies Group Sport Easter Activities Pioneering Care Group Craft and Chat KitchenlFood 10 Support Worker Pioneering Care Group Curry Club County Durham COM IT Systems UKSPF Capital Fund 11 Support Worker A4P 2025 Volunteer UKSPF 12 Support Worker TNLCF Million Hours Fun and FoodDCC 13,223 32,989 28,349 4,824 102,197 8,373 675 526 4,160 440 477 2,367 654 250 1,916 (12,412) {4,294) {3,466) (15,996) (7,437) 15,139 20,577 24,055 1,358 86,201 936 675 {526) (4,160) (440) (53) (1,247) (500) (250) 9,790 15,565 97,298 12,239 2,000 2,346 3,225 2,399 530 424 1,120 154 9,790 15,565 97,298 12,239 2,000 2,346 3,225 2,399 530 199,504 96,527 296,031 TOTAL FUNDS 239,273 93,008 332,281 Page 20 continued...
Fer hill Lakes And District Develo ment Education Resource Centre Limited Notes to the Flnanclal Ststements - continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows: Incoming Resources Movemenl resources expended in funds Unrestricted funds 2 Runninglredundancy costs Contingency fund Youth Unrestricted Maintenance 23,648 50 54 (32,748) (9,100) 50 (1,677) 8,445 (1,731) 8,445 11298) 10,061 33,813 (37,332) Restrictsd funds 4 Support Worker 6 Support Worker 3 Support Worker 5 Support Worker Fixed Assets Restricted 7 Support Worker Sport Easter Activities Pioneering Care Group Craft and Chat KitchenlFood 10 Support Worker Pioneering Care Group Curry Club County Durham COM IT Systems UKSPF Capital Fund Welcome Space 2025 11 Support Worker AAP 2025 Volunteer UKSPF 12 Support Worker Christmas 2024 Group Activities Big Art DCC TNLCF Million Hours Fun and FoodDCC Raised Beds DCC (3,519) 30,924 18,424 37,143 19,745 (29,008) (30,836) (41,437) {23,211) (15,996) (21,522) (526) (4,160) {440) (53} (2,467) (1,925) (250) 1,916 (12,412) (4,294) (3,466) (15,996) (7,437) (526) (4,160> (440) (53) (1,247) (500) (250) 9,790 15,565 97,298 14,085 1,220 1,425 9,790 27,020 100,013 117 15,000 2,000 4.410 6,058 1,555 200 6,215 9,603 5,926 2,000 (11,455) (2,715) (117) (2.761) 12,239 2,000 2,346 3,225 (2,064) {2,833) {1,555) (200) (6,215) (7.204) (5,396) 2,000) 2,399 530 312,873 TOTAL FUNDS 346.686 253,678) 93,008 Page 21 continued...
Fer hill Lakes And District Develo ment Education Resource Centre Limited Notes to the Financial Ststements - contlnued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds 2 Runninglredundancy costs Contingency fund Youth Unrestricted Maintenance 22,979 4,506 1,002 1,058 9,713 1,788 30 675 1,145 24,767 4,536 1,677 2,203 6,586 Restricted funds 4 Support Worker 6 Support Worker 3 Support Worker 5 Support Worker Fixed Assets Restricted 7 Support Worker 8 Support Warker Ladies Group Sport Easter Activities Pioneering Care Group Craft and Chat Volunteer Fund Platinum Fixed Assets Police and Crime Commissioner Fund CD Com Fund 39,258 511 39,769 12,145 15,644 31,064 8,326 99,750 9,787 3,399 1,175 526 1,078 17,345 (2,715) (3,502) 2,447 (1,414) (3,399) (500) 13,223 32,989 28,349 4,824 102,197 8,373 675 526 4,160 440 477 4,160 440 (108) (765) (3,036) 585 765 3,036 Happiness Hub for Men Children KitchenlFood 10 Support Worker Pioneering Care Group Curry Club 1,225 600 2.738 3.316 1,527 (1,225) (600) (2,738) (949) (873) 250 2,367 654 250 195.608 3,896 199,504 TOTAL FUNDS 234,866 4,407 239,273 Page 22 continued...
Fer hill Lakes And District Develo ment Education Resource Centre Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS- continued Comparative net movement in funds. included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds 2 Runninglredundancy costs Contingency fund Youth Unrestricted Maintenance 31,643 30 675 (29,855) 1,788 30 675 1,145 1,145 Restrlcted funds 4 Support Worker 6 Support Worker 3 Support Worker 5 Support Worker Fixed Assets Restricted Livin, Housing Ltd 7 Support Worker 8 Support Worker Ladies Group Halloween Easter Activities Pioneering Care Group Craft and Chat Volunteer Fund Platinum Fixed Assets Police and Crime Commissioner Fund CD Com Fund 32,348 (31,837) 511 26,544 47,094 36,064 7.010 4,984 2.473 13.622 (25,466) (29,749) {38,779) (10,512) {2,537) (2,473) (15,036) {3,399) {500) (731) 1,078 17,345 (2,715) (3,502) 2,447 (1,414) (3,399) (500) 731 4,160 600 250 4,160 440 (108) (765) (3,036) (160) (358) (765) {3,036) Happiness Hub for Men Children KitchenlFood 10 Support Worker CDCF Accounts and Social Media County Durham Com Welcome Space Pioneering Care Group Curry Club (675) (85) 825 4.307 1,208 5,000 (550) (515) {3,563) (5,256) (2,081) {5,000) (1,225) (600) (2,738) (949) (873) 628 250 (628) 250 154,990 3,896 TOTAL FUNDS 187.338 182,931) 4,407 Page 23 continued...
Fer hill Lakes And District Develo ment Education Resource Centre Limited Notes to the Financlal Statements - continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.25 At 1.4.23 Unrestrlcted funds 2 Runninglredundancy costs Contingency fund Youth Unrestricted Maintenance 22,979 4,506 1,002 1,058 9,713 (7,312) 80 (1,002) 9,590 15,667 4,586 10,648 5,349 Restricted funds 4 Support Worker 6 Support Worker 3 Support Worker 5 Support Worker Fixed Assets Restricted 7 Support Worker 8 Support Worker Ladies Group Sport Craft and Chat Volunteer Fund Platinum Fixed Assets Police and Crime Commissioner Fund CD Com Fund 39,258 (3,008) 36,250 12,145 15.644 31,064 8,326 99,750 9,787 3,399 1,175 526 585 765 3.036 2,994 4,933 (7,009) (6,968) (13,549) (8,851) (3,399) (500) (526) (161) (765) (3,036) 15,139 20,577 24,055 1,358 86,201 936 675 424 Happiness Hub for Men Children KitchenlFood 10 Support Worker County Durham COM IT Systems 1,225 600 2,738 3,316 1,527 (1,225) (600) (2,738) (2,196) {1,373) 9,790 1,120 154 9,790 E 'li UKSPF Capital Fund 11 Support Worker A4P 2025 Volunteer UKSPF 12 Support Worker TNLCF Million Hours Fun and FoodDCC 15,565 97,298 12,239 2,000 2,346 3,225 2,399 530 15,565 97,298 12,239 2,000 2,346 3,225 2,399 530 195,608 100 423 296,031 TOTAL FUNDS 234,866 97,415 332,281 Page 24 continued...
Fer hill Lakes And District Develo ment Education Resource Centre Limited Notes to the Financlal Statements - continued for the Year Ended 31 March 2025 15. 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: Incoming Resources Movement resources expended in funds Unrestricted funds 2 Runninglredundancy costs Contingency fund Youth Unrestricted Maintenance 55,291 80 729 (62,603) (7,312) 80 (1,002) 9,590 (1,731) 9,590 10,061 Restricted funds 4 Support Worker 6 Support Worker 3 Support Worker 5 Support Worker Fixed Assets Restricted Livin, Housing Ltd 7 Support Worker 8 Support Worker Ladies Group Halloween Sport Easter Activities Pioneering Care Group Craft and Chat Volunteer Fund Platinum Fixed Assets Police and Crime Commissioner Fund CD Com Fund 66,161 (69,169) (3,008) 57,468 65,518 73,207 26,755 4,984 2,473 27,707 (54,474) (60,585) (80,216) (33,723) (18,533) (2,473) (36,558) {3,399) (500) (731) {526) (4,160) (600) (411) (765) {3,036) 2,994 4,933 (7,009) (6,968) (13,549) (8,851) (3,399) (500) 731 (526) 4,160 600 250 (161) (765) (3,036) Happiness Hub for Men Children KitchenlFood 10 Support Worker CDCF Accounts and Social Media County Durham Com Welcome Space Pioneering Care Group Curry Club County Durham COM IT Systems UKSPF Capital Fund Welcome Space 2025 11 Support Worker AAP 2025 Volunteer UKSPF (675) (85) 825 5,527 2,633 5,000 (550) (515) (3,563) (7,723) (4,006) (5,000) (1,225) (600) (2,738) (2,196) (1,373) 628 250 9,790 27,020 100,013 117 15,000 2,000 4,410 {628) (250) 9,790 15,565 97,298 {11,455) (2,715) {117) (2,761) 12,239 2,000 2,346 (2,064) Page 25 continued...
Fer hill Lakes And District Develo ment Education Resource Centre Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 15. MOVEMENT IN FUNDS- continued 12 Support Worker Christmas 2024 Group Activities Big Art DCC TNLCF Million Hours Fun and FoodDCC Raised Bed8 DCC 6,058 1.555 200 6,215 9.603 5,926 (2,833) (1,555) (200) (6,215) (7,204) (5,396) 3,225 2,399 530 467,863 367,440 100,423 TOTAL FUNDS 534,024 436,609) 97,415 16. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. 17. 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 26
Fer hill Lakes And District Develo ment Education Resource Centre Limited Detalled Ststement of Financlal Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Donations 4,050 536 Charitsble activities Room hire Grants 2,500 179 302 337 636 337,636 181,802 Other income Employment allowance 5,000 5,000 Total incoming resources 346,686 187,338 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 Staff Training Costs 145,542 11,922 3,047 819 1,423 2,770 5,751 772 1,243 126 34,735 12,267 354 761 114,112 8,760 2,459 461 1,785 4,470 3,187 376 2,104 52 15,979 7,319 109 386 426 227 920 144 853 495 1,012 150 1,299 990 225,478 164,129 Support Costs This page does not form part of the statutory financial statements Page 27
Fer hill Lakes And District Develo ment Education Resource Centre Limited Detsiled Statement of Flnancial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 Support costs Management Other operating leases Improvements to property Plant and machinery Fixtures and fittings Computer equipment Loss on sale of tangible fixed assets 5,917 3,112 682 2,103 2,335 9,103 7,564 3,372 1,998 1,630 23,252 14,564 Flnance Bank charges 128 121 Governance costs Accountancy fees Professional fees 3,698 3,349 768 4,820 4,117 Total resources expended 253 678 182 931 Net Income This page does not forni part of the statutory financial statements Page 28