DEAN BANK & FERRYHILL LITERARY INSTITUTE

Registered charity 1164696 · accounts filings on the Charity Commission register · also known as DEANBANK & 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.

Causes: Education/training · The Prevention Or Relief Of Poverty · Recreation · Get email alerts

Latest income
£28k
Latest spending
£35k
Registered
2015
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Room hire (69% of income)
Room hire generated (£19,472). — page 4
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 3 of 6 completeness components.

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Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Durham

Income and spending

Financial year endIncomeSpending
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.