DEAN BANK & FERRYHILL LITERARY INSTITUTE
To run a community centre for the use of the inhabitants of the area of benefit without distinction of political, religious or other opinions, including use for:(a) Meetings Lectures and Classes.(b) Other forms of recreation and leisure-time occupation, with the object of improving the conditions of the life of the inhabitants.
Financial health, per its FY2024 accounts
The accounts state that the charity operated at a deficit of £6,901.94 for the year ending 31 December 2024, with total income of £28,353.29 against total expenditure of £35,255.23. The trustees report that income from room bookings and café takings is insufficient to cover building costs, creating a shortfall of approximately £8,000. Despite the operational deficit, the charity holds unrestricted reserves of £182,972.95, which the trustees state are held to ensure the future viability of the community centre.
What the accounts disclose
“Room hire generated (£19,472).” — page 4
Register events
- Received assets from another charity (19/12/2016)
Trustees
- Debra Kobasachair
- Celia Higginbottom
- Christopher Cairns
- Derek Bradley
- Fiona Duke
- JOAN WESTON
- KATHLEEN MASON
- Moveen Savage
- Wendy Smith
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £28k | £35k |
| 31/12/2023 | £28k | £49k |
| 31/12/2022 | £24k | £32k |
| 31/12/2021 | £41k | £26k |
| 31/12/2020 | £39k | £46k |
Common questions
Is DEAN BANK & FERRYHILL LITERARY INSTITUTE financially healthy?
Per its FY2024 accounts: The accounts state that the charity operated at a deficit of £6,901.94 for the year ending 31 December 2024, with total income of £28,353.29 against total expenditure of £35,255.23. The trustees report that income from room bookings and café takings is insufficient to cover building costs, creating a shortfall of approximately £8,000. Despite the operational deficit, the charity holds unrestricted reserves of £182,972.95, which the trustees state are held to ensure the future viability of the community centre. Its FY2024 accounts were independently examined.