DEAN BANK & FERRI HILL LITERARI. INSTITUTE TRUSTEES ANNUAL REPORT 5T FOR THE I'EAR ENDED 31 DECEIER 2020 The m151ees Ivho are also direcrors of the ¢harity for the purposes of the Companies A¢1 1006. preseni Their report with the financial 5tatemen¢s of the charin. for (he )iear ended i I, December ?019. The Irusiees have adopied the provisions of the St81emenl of Recommended Practice (SORPI 'Accouniino and Reponing by Charities, issued IN March ?005. REFERENCE AND ADMINISTRATIVE DETAILS Charity number .1164696 'Reoistered olTi¢e Si Cuthbert's TeTrdce IFerryhill Co. Durham DL17 8PP PURPOSE OF THE CHARITY ur PUTP05e is io operate and mainttin a communit), centre for the benefit of the people of Feryhill and the ean Bank ar¢& The Insiiwte ha5 once aoain been successfijl in providing a cornmunity focal point and source for some of the area's rnosi vulnerable and marginalised groups, inclvdino the elderl).. people ivith isual impairments and mental health issues, auiistic children and youn people seeking employmenl. In all ecisions. rhe rnjstees have tsken the Charity Corr]rni5sion's public benefit guidance inio accouni. CONTRIBUTIONS MADE BY VOLUNTEERS olunieer5 play a viral role in Ihe operaiion of Ihe community centre bs, oiganising a rangc of so¢ial group5. uch as line dancing and yoga.. by being trustee's of the Charity's [anagemenT Commillee REVIEW OF CHARITY'S FINANCIAL POSITION, AT END OF YEAR he Instithfe oenerated a iotAI income ol. LOOOOU in ?0209 down from £34351 in 2019. Hire rdies are very mpeiirive and businesseslgroups are looking lor discounts. xpenditure was £OOOOO in 7019 compared 10 £32485 in 1019. e reeeived a grani of £9926 from rhe local Area Action Partnership for building irnprovemenis. new floori d ladies bathrooffl. e caf¢ generdted £8254 towards the running of the building I.ES£RVE POLICY e Instirute hold5 a reserve of E?40.000. which is to ensure the future viability of ihe ¢ommunitJ' centre. Page I
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IYDEPEWDEWT EXA.MINER"S REPOAT TO THE TRLSTEES OF DEA1¥ BA.YK & FERRI'HILL LITE114RI IThSTITLTE Respecfiwe respon]11# of mfjt¢e5 ana exaMir The ¢lwiTh' s IDJ3rees Iw1 are 819) the direaor5 fvr the pwpose of Iw) are rESpoble for prep•rnion of the Th2 cIL•ifTr thtgees ¢(wlr a[11 ts requirt(i for thi %eAr under 43(21 of thE Clmrrttes • 1993 (the 199) Actj an •Ino0 hs rtquired H#ving Si5fied myself th the cliarm is nffl 5thJea To authi undtr comwl l•w al 15 eli])1¢ for indepe ewnioatl0 it is rn). wibiltrw (O". Examine the accOLU5 under Settion 41 of the 199i Aci To follom the procedure5 laid dowm irj the Genernl DirECtion5 giien b% the Charitv Commission (under Section 43171 (b) of the 199i Aa).. and To gare ulther panicular maueT5 have wme io m) anentton. Basis of the indepelldent exarniner's report M) examin10n was orried out in accorthce with the General Direction5 gi%'en b!" the ChariN Comrnissio An examinaiion includes a review of the accouniing records kepT b! the chariTh and a comparr50n ofthe accounLS presented wilh those records_ IT also includes consideration of an J. unusual iTemi or disclosure) in i accounts, and seekin4T explanaiions Trorn )'ou as trustees concerning any such matteT5. The procedures underraken do noi provide ail the eN'idence that IOllId be required in an audiL and £on5equenTli no opinion i given a5 to thhether the accow]t5 present a 'mie and fair i'i¢M and the report is limiied to Ihost matters set o in the ststements below. IDdtpendent eiaminer's staternent In nethi0n with my examination. no matter h&$ come to tny attenTiOn: (l} WThich gTves me reasonable cause to believe thaL in any rnarerial rEspe¢L th¢ re9uirement5 To keep accounting records in accordance with Secrion i86 and i8 1 of the Companies .4cr ?006. To prepart accounts M"hich accord '[th the accouniino record5. compl! w ith the atcouniing Tequirements of Sertion i94 and i9) of the Companies Act 7006 an d w'iih Ihe methods and principles of the SwemenT of RecomrnendEd Pracuce: .4ccounrino and R¢porting Charilics have been Tnet.. or (?) To which. in m) opimion. atreniion should be drawTr tn Order ro erbable a PTDper uDder5NdinÈ of Ehe Accowits to be reached Andre Canninu ACA Independeni ExatrEiner Hardwick Road Sefield St(Kkton on Tee5 TS212AL Pge i
OEA14 BANI( & FERR YNILL LITERARY INSTITLITf STATEME14T OF FINANCIAL A1VITIES FOA THE YEAR ENDED 315T DECEM8ÉA 2020 1020 1019 Total fun¢Js Unrestrfrt¢d ReStrid lund5 Total lunds 14otes INCOM114G RESOURCE5 lftcoffliThi r¢sources frorn ien8rated fvnd5 Voluntary Income Glft Ald Actlvities for 8eneraiin8 fund5 Investmeni incomt 17.376 3.9D3 31.179 33.298 L4,lQ8 3.538 14.108 3,538 10.980 To¢al Incornlng re50uffe5 35.012 J,903 38.925 45,125 RESOURCES EXPE14DED Costs ol 8e*erating fund5 Costs ol generating voluntsry Income Go¥ernan£e costs 43,574 200 2.352 45,926 200 45.614 zoo Total r¢50urtes expended 774 814 NET INCOMINGIIOUTGOINGI AESOURCES -8.752 1.551 -7.201 RECONCIUATION OF FUNDS Totsl funds brought forw•rd 133.840 521,663 657.503 658,192 TOTAL FUP4DS CAARIED FORWARD 125,08A $25.214 650302 These note5 form part of these financl31 staternents Pa8e 4
DEAN 8ANK & FERftYHILL LITEIIARY INSTITUTE bALANCE 5HEEr AS AT 315T DECEMOER 2020 2020 2019 Unrthilcted eslrlct*d Tot•1 lunds lunds Ivnds Note5 FIXED ASSETS Tangible assets 16,585 374.194 400,779 414.656 CURRENT A55Ers Debtors Cash at bank aThd in hand 1.127 1.127 1,127 16 97,8fj8 165,470 263,33 255.662 CREDITOR5 Amounts fallin8 due within one year NEf CURRENT ASSmllUABIUTIES1 124,453 537.566 661 019 66 TOTAI ASSET5 LESS CURRENT UABILITIES 661,019 669,2ZO cItEDITORS Arnounts falling due after more th•n one year io Ll.717 11.717 11.717 NEf A55Ers 53? 566 FUNDS Unrestricted fund5 Redtrided fulld5 li IZS,OeB 125,088 $15.214 133.840 525,214 TOTAL FUN05 525 214 These note5 lorrn par( of these frnancial staternents PaEE 5
DEAN BANK & I,I,-RRI 1111.L LI I'I,-R..1111 IN4 11 111 I I. B..11 IY("1 SIIL,'I:' I ('(IN fiNII[.'I) The cliariioble compani is ¢iiliil¢d lo eKrinpiiun ITUM uudii undtT Se£iion 477 af Ilic ('onipoiiit% IlLt !Illlh lo Ilie year ended I I, t)ccciNber ?1119 Tl)e Irusiees have not required Ilit ihli riioblc Lon)piini to iiliiiliii nii uudii (If ils fill iiil %liilEliieiili lor thr )'L' ended 31, D¢r¢mb¢r 21118 iii ll¢cordanrL ¥) lili Seciion 470 01 Ilie L"umpunie% ,lil )Ull(i. Thc truslees acthoivled8e tlieiT iespiiii%iliililic5 101. l&) Ensuring 11181 Ihe chariloble compJn)' keep5 accuuniing reci)rd5 thlll comply wlih SeLiiuns Illf) lind 187 or the Companie5 &cI ?000 llnd Ibl Pr¢parin8 financial sthtemeiils ivliich 811'L' 11 Iruc lind fftiT I'ieiv ol. Ilie .iliitL (Il. lllllliT% L>l- Ilic i111.11bl( comp&nv lls &i Ihe end ofellch finanL illl )'eaT aiid of Its surplii% or delicil lor eacli finiiiiciul J'¢ni' iii accordance willi the requir¢nienis of Ilie Loiiiponies aci 20D6 relo1iii4 ID Ilie finlliicilll 8ILlen)en15. sn ltir applicable to the charitable compllny, These fin1claI siaiemenls liave beeii pr¢por¢d in occordaiice iviih Ilie speLilll PTI)visiniis ul. Pllri l i L)I'IliL Companies Aci )006 relaiing to .%ii)Dll chariiable ¢ompui)ics 8nd ii'itli Ilie fin#neiul Rlpiiriinbi sitsndllrd lor Smaller Entitie5 leffeciive April ?008). The finftncial S¢Aiemenis w¢re apprDved bs, Ihe Boord of Trustees 011 its behalf by.. ftnd Ivere si¥ned rrusiee The i)oles forjn pon of these lin&nci&l %iotein¢1115
hi I'uiiNI IN• viiiitl Pund •itruuiitliii Iru•l IU19 1.254 2,716 vivii J,115
DEAN •a14K • FfRIYMILL LITIIAIIY INSTITUTt 140TfS TO THE FINANCIAL ST ATEMÉNTS C014TINU£D FOH THE YEAII ENDED 31ST DECEMOER ZOIO 7. TAIIGIILE FIMED A55Ers Pl4nt ond rn•¢hlnry land •ftd bulldlni• Ah •t liJmuary 20 ddftu¥n 561.101 101.897 669,105 31A I)¢c¢mber 2020 (IEPRÉUaTION •6 ai january 2010 Ch•fi¢ Ipr the y¢ar 181.610 11.76Y 154.449 Asat 3tst O¢ornber Z019 193,L114 75,Jll 211.J16 IIEf a% VALIJE 3141 otmbEr 2010 As * 31st Dernber U119 OE8TOIIS.. AMOUIITS FAILIPIG DUE WITHIN ONÉ YEAR 2020 2019 Tr* debr$ LUI 9. CAEDifoRS.. A•ADupifs FALUMG OUÉ WITMIII ONE YEAR 2010 201 Olhu rralltors
DEAN BANK A FEARYHILL LITERAHY INSTtTUTE DFEfAILED STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAA ENOED 31ST DECEMBER 1020 2020 2019 IP4COMING AESOURCES Volunrary Ineorn l)onaE10Th5 Grénts SubP1JVtss 1.960 I3.3 9.926 12,471 53.298 AllileS lrnm ynerntiry funds Qfe Oe Ferie vivo Furfou8h 8r4nts 2.591 8.254 7.499 726 12,915 10,980 Investment Tntorn OEP05iI account Intere5f 3,538 B47 OtheT InEDmini resoufcE5 Gain on Sale of ian8ible fixed assets foul incomini rE50Urtes 38.925 45.125 RESOURCES EXPENDED Costs of Ienernrlni voluntary incum Ways Pension Insuran Ught and heal Water raies Telephone P05ta¥e and statfjonery Sundrles Repairs and rnaintenance Frfnd5hip clock Cafe de Ferle DCC Loa Donation Freehold praperty- Depreoaiion Fixtures and fittin85- Oepreciarion Cornputer equiprneni- Depreuation 17.211 JD6 1.175 2.653 334 810 21.JY7 l.179 3,107 359 475 16 42S 515 6.613 2.352 2.835 I,935 ii.a34 2.543 11.334 2.543 45.916 4S.615 The5t noies lorm part of these fiftinciol Statements
IWT•UD gT•fwiThT OP IIIIAIICIAi iCTivinr4
DEAN IIA.NX a FEARI HILL LITER4R) IPISTITL,'TE CH41RMAY5 4yf4LIAL AEPUNT FOR THE trE4R EYDED SI DECEIIBER 21n VIR Ch•w In for Ihc ChAr Its Fllnets" bJ of clojll tht lIdl In Mwc 2010 For mrrfl of 2020 buildmg •6 £147J h the kwblsc m Ime with Gowernmtni ReqUIS •nd •d¥E Ilom ACRE •nd A¢tKM lIthAl m•Je CON"ID yl"t. with h•Thl J•?iis¢r> Kial diii•ncin8 mifornd Ad a5essfnents eTE Ced OUL 41though ¥omrnunicio Tntr umiinued throug1 the )c•r. [} sd 44erE keo to a fftinimum In Much thi F1fv4NC F T h¢ In6111utr generatrd v¢ry liryle incorne from room booking4 or from the Cafe de Ferit in tyOO tht clotsur¢. However. ¥ a rtiuli of the rnaturir) of our Narvl'esi Treasury DeposiT accowiL we were ablr tv retai som¢ fvndj in th¢ curreTti as 2 coniingenc} fund and rein¥est £40.000 in the C.4F SLottish Id0.$ l )'e4r li Term Dtpoyii Accouni Ai the end Stan of ?O?O work wenE ahead to refurbish baThr(ionis an41 flnoriD8 Ihrtnk fvndin8 receiv¢d in ?019 from ihc AAP. The Friendship Clock. funded b) oIlIcerS .5 In Ihr %um by Smiihy ol Derby. We received E l 0.000 from the Durham County Council Sm8118usinesy & lh¢ REtil. Hoipilolit). and Leisure Grani Fund in Ma} ?020 to cover operaiional cost5 and a DL C L.oLal Reqiiinal Resiri¢iion Suppon (Jrani for £? 968 in November. We also successfijll). applied for AAP NL Iglihourhood Budgei Fund grnnl to cover Vario items includinti rnaterials io make the building COV I D secure and Chri5tma5 lights display for the building io provide a much needed b005t fo Ihe local cnmmunil} In li?iuI we recrived E19.6?Q in the form of grdllt5 and furloiigh payTnents. which made li possible ID cn¥er Liuf COS14 and slay afloai. USAGE Af4D DEVELOPMENT Despite restriciions being in place for most of the year. we did briefly swt io reopen for groups Ih&i wih¢d I return and could do SO safely durin? the summer. However when the 5ccond lockdown began wt were Lloled groups once again. In realitv mosi ofour r¢gulor _0Up5, composed mainly of elderly and trulnernble people. not wish io resume Iheir aclivities. The NHS Bariatics Service coniinued 10 be able 10 use our faciliiies for of the year. A Food SAfety' course held for Instiwte volunieeT5 and members of ihe public Lm 14" Febrnl ioio. All ()f our voluniters. Trulites and staff deserve thanks for rheir foniiude and foreberdnce this ye•r ift wuy chllllenginv circum51ances Ille hope for better things 10 come in 10? I We look fon'thl to the challen?es and OppOrnltie) coming in ?O?O Debra Kob Chirnian of Trusiees Ifl•w1021. rhe Ih¢x fin•)¢ial *