THE FROSTERLEY VILLAGE HALL AND INSTITUTE
The village hall which is used for various activities including:Arts and craft groupsExercise groupsCarers groupsWICoffee MorningsBreakfast ChurchFayres and bands
Objects
TO FURTHER OR BENEFIT THE RESIDENTS OF FROSTERLEY AND THE NEIGHBOURHOOD, WITHOUT DISTINCTION OF SEX, SEXUAL ORIENTATION, RACE OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS BY ASSOCIATING TOGETHER THE SAID RESIDENTS AND THE LOCAL AUTHORITIES, VOLUNTARY AND OTHER ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION AND TO PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION AND LEISURE TIME OCCUPATION WITH THE OBJECTIVE OF IMPROVING THE CONDITIONS OF LIFE FOR THE RESIDENTS.IN FURTHERANCE OF THESE OBJECTS BUT NOT OTHERWISE, THE TRUSTEES SHALL HAVE POWER:TO ESTABLISH OR SECURE THE ESTABLISHMENT OF A COMMUNITY CENTRE AND TO MAINTAIN OR MANAGE OR CO-OPERATE WITH ANY STATUTORY AUTHORITY IN THE MAINTENANCE AND MANAGEMENT OF SUCH A CENTRE FOR ACTIVITIES PROMOTED BY THE CHARITY IN FURTHERANCE OF THE ABOVE OBJECTS
Financial health, per its FY2024 accounts
The accounts state that operating costs exceeded income during the year, resulting in a small surplus on running costs of £21.69. Total unrestricted funds increased slightly from £28,735.36 to £28,757.05, with cash and savings totaling £30,952.93 against minor liabilities. The trustees note that running costs have increased, particularly for insurance and utilities, while reserves are held to maintain the hall during closures of up to 12 months.
What the accounts disclose
“The policy is to hold sufficient reserves to maintain the hall during periods of closure of up to 12 months.”
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
Property (HM Land Registry)
Register events
- Received assets from another charity (14/09/2021)
Trustees
- JUDITH BAINBRIDGE
- Kim Coleman
- Linda Brewin
- MICHAEL ERNEST BREWIN
- Peter Jackson
- Terry Pearson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £31k | £28k |
| 31/12/2023 | £19k | £16k |
| 31/12/2022 | £20k | £18k |
| 31/12/2021 | £121k | £142k |
| 31/12/2020 | £0 | £0 |
Common questions
Is THE FROSTERLEY VILLAGE HALL AND INSTITUTE financially healthy?
Per its FY2024 accounts: The accounts state that operating costs exceeded income during the year, resulting in a small surplus on running costs of £21.69. Total unrestricted funds increased slightly from £28,735.36 to £28,757.05, with cash and savings totaling £30,952.93 against minor liabilities. The trustees note that running costs have increased, particularly for insurance and utilities, while reserves are held to maintain the hall during closures of up to 12 months. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 18/03/2020 | £52k | Frosterley Village Hall New Community Space Development |
| The National Lottery Community Fund | 14/04/2011 | £10k | Connecting to gas and installing a new gas fired central heating system |
| Northern Rock Foundation | 13/02/2004 | £15k | Grant awarded to Frosterley Village Hall (Durham) |