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REGISTERED CHARITY NUMBER 1164696

REPORT OF THE TRUSTEEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] DECMEBR 2022

FOR

DEAN BANK AND FERRYHILL LITERARY INSTITUTE

DEAN BANK AND FERRYHILL LITERARY INSTITUE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YER ENDING 31[ST] DECEMBER 2022

Page

Report of the Trustees 1 to 2

Independent Examiner’s Report 3

Bank Reconciliation of current account for 2022 4

Summary of Accounts for 2022 5

Balance Sheet as at 31[st] December 2022 6

Cash at Bank as at 31[st] December 2022 7

Fixed Assets as at 31[st] December 2022 8

Chairmans Annual Report

DEAN BANK and FERRYHILL LITERARY INSTITUTE

TRUSTEES ANNUAL REPORT

FOR THE YEAR ENDING 31[ST] DECEMBER 2022

The Trustees who are also directors of the Charity for the purposes of the Companies Act 2006, present their with the financial statements of the charity for the year ending 31[st] December 2022.

The Trustees have adopted the provisions of the statement of Recommended Practice (SORP), “Accounting and Reporting by Charities ” issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETIALS

Charity number 1164696

Registered Office: St. Cuthbert’s Terrace Ferryhill Co. Durham DL17 8PP

PURPOSE OF THE CHARITY

The purpose is to operate and maintain a community centre for the benefit of the people of Ferryhill and the Dean Bank area. The Institute has once again been successful in providing a community focal point and resource for some of the area’s most vulnerable and marginalised groups, including the elderly, people with visual impairments and mental health issues, autistic children and young people seeking employment. In all decisions, the Trustees have taken the Charity Commission’s public benefit guidance into account.

CONTRIBUTIONS MADE BY VOLUNTEERS

Volunteers play a vital role in the operation of the community centre by organising a range of social groups, such as line dancing and yoga: by being the Trustee’s of the Charity Managements Committee.

REVIEW OF THE CHARITY’S FINANCIAL POSITION AT THE 31[ST] DECEMBER 2022

See page 4 The Institute total income was £33,294 for 2022, with hire rates appearing to be very competitive with discounts offered. Expenditure for the year was £31,742 in 2022 Surplus of £1,552

Note: T he Income included a transfer from the Virgin deposit account of £8,450 and bank interest of £382 from the Shawbrook deposit account. Therefore, actual financial position for 2022 is a deficit of £7,280.

RESERVES (See page 7)

The Institute holds reserves (cash at Bank) of £270,799, which is to ensure the future viability of the community centre.

Page 1

RESTICTED ACCOUNTS

I understand that the Institute holds 2 restricted accounts, where the money is held for these groups:

VIVO (Village Voices Choir) £543 as at 31[st] December 2022 Over 50s Exercise Group £315 as at 31[st] December 2022

HOW THE CHARTY IS CONSTITUTED

The Charity is a Charitable Incorporated Organisation (C.I.O.) which completes the charity structure and offers more protection to the Trustees.

NAMES OF THE TRUSTEES FOR 2022 Debra Kobasa (Chair) Derek Bradley (Deputy Chair) Betty Sheppard Joan Watson Rita Forster Kathleen Mason Fiona Duke Marion Cooke Celia Higginbottom) Co- opted Member)

ON BEHALF OF THE BOARD

…………………………………… Trustee Chair

………………………………….. Date.

Page 2 INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF DEAN BANK AND FERRYHILL LITERARY INSTITUTE

I have reported on the accounts for the year ending 31[st] December 2022 and is set out in the following pages

Respective responsibilities of the Trustees and the Independent Examiner

The charity’s Trustees (who are also the Directors for the purpose of company law) are responsible for the preparation of the accounts. The charity Trustees consider that an audit is not required for this year under Section 43(2) of the Charities Act 1993 (1993 Act) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Examine the accounts under Section 43 of the 1993 Act
To follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43 (7) (b) of the 1993 Act); and
To state whether particular matters have come to me attention

Basis of the Independent Examiner’s Report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures I the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement In connection with my examination, no matter has come to my attention:

(1)Which gives me reasonable cause to believe that, in any material respect, the following requirements have not been met.
To keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
To prepare accounts which accord with the accounting records, comply with the accounting requirements of Section 394 and 395

of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice (SORP)

Or

(2)To which, in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached.

Gordon Fletcher (C.M.I.I.A.) Independent Examiner 104 Browning Hill Coxhoe DH6 4SA Date ……………………… Page 3

SUMMARY OF ACCOUNTS FOR PERIOD ENDING DECEMBER 2022

		Total		Restricted
	£	£		£
Fund Balance as at 1/4/2021		664002	#	527312
Income 2022	33294
Transfer		-8450		-8450
Bank interest		336		336
Expenditure 2022	31742
Surplus shown from Bank reconcoiliation	1552
To adjust not shown in bank account:
Depreciation	-7256
	-4808
Creditor Accountancy 2022	-200
Accrual 2021	200
Defcit as at 31/12/22		-10512
Defcit for 2022
Fund Balance as at 31/12/22		645376		519198

Unrestricted 136690 -10512 126178

£ 16,223.40 4,137.00 3,261.26 382.50 840.00 8,450.24	£ 16,223.40 4,137.00 3,261.26 382.50 840.00 8,450.24	£ 60,673.45 62,225.79 62,225.79 balanced
	33,294.40
19,020.42 495.63 1,337.02 1,221.56 1,040.00 551.13 90.00 156.13 251.15 303.45 100.00 165.00 294.58 3,911.00 83.00 1,801.99 60.00 200.00 660.00
	31,742.06
1,552.34
		62,225.79

BALANCE SHEET FOR THE PERIOD ENDING DECEMBER 2022

	Unresrticted	Unresrticted	Restricted
	Funds		Funds
Fixed Assets
Tangible Assets		19,234.00	355,603.00
Current Assets
Debtors		-	-
Cash at bank and in hand		270,739.00
Creditor 2022	-	200.00
Net Current Assets/Liabilities		289,773.00	355,603.00
Net Assets		289,773.00	362,860.00
Funds
Unrestricted
Restricted
Reconciled

	2022		2021
	Total		Total
	374,837.00		386,902.00
			-
	270,739.00		277,300.00
-	200.00	-	200.00
	645,376.00		664,002.00
	645,376.00		664,002.00
	126,178.00		136,690.00
	519,198.00		527,312.00
	645,376.00	664,002.00

Cash at Bank as at 31st December 2022	Cash at Bank as at 31st December 2022
Virgin	80,000.00
Scottish Widows	40,071.00
Shawbrook	88,442.00	interest in current account
Bank Balance	62,226.00	see bank rec
	270,739.00

and int

FIXED ASSETS AS AT 31ST DECEMBER 2022

Fixed Assets Cost Depreciation As at 1st Janaury 2022 Depreciation for the year As at 31st December 2022 Net Book Value As at 31st December 2022	Land and Plant and Totals Buildings Machinery	Land and Plant and Totals Buildings Machinery
		567208 101897 669105
	204348 77855 282203 7257 4808 12065
		211605 82663 294268

		355603 19234 374837

depreciation of net book value Land etc = 2% Plant etc = 20%

2022-12-31-accounts