**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** **9** # **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| 0 Unrestricted 136690 -10512 126178 |Dean Bank and Ferryhill Institute
Bank Reconcilaition
Opening Balance 1/1/22
**Income**
Rentals
Café
Fit
Bank Interest
Grants
Virgin reserve Transfer
Total Income
**Expenditure**
Wages
pension
HM Revenue
Gas
Electric
Water
Cleaning
Telephone
Kiinex
Christmas lights
Plumb repair
Hanging basket
Kids Party
PRS Licence
Fire Extinquisher
Citroen
Lift Service
PAT
Insurance
Gas Boiers
Accountant
Other
Surplus
Reconciled
ClosingBank balance at 31/12/22|_£_
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|£
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|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%