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
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.”
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 |
| Northern Rock Foundation | 13/02/2004 | £15k | Grant awarded to Frosterley Village Hall (Durham) |