## **CHARITY REGISTERED NUMBER 1150775**
**DENTON WEST END COMMUNITY LIBRARY Trustees' Report and Financial Statements For the period ended 31 January 2024**
## **DENTON WEST END COMMUNITY LIBRARY**
## **For the period ended 31 January 2024**
## **CONTENTS**
## **Page**
- **1** Cover
- **2** Contents
- **3** Legal and administrative information
- **4** Examiners report
- **5** Report of the trustees
- **6** Report of the trustees ( contd)
- **7** Balance sheet
- **8** Statement of financial activities
- **9** Schedule of movement in funds
- **10** Notes
- **11** Notes ( Continued )
- **12** Notes ( Continued )
- **13** Notes ( Continued )
## **DENTON WEST END COMMUNITY LIBRARY**
## **Legal and administrative information**
|**Registered Charity Number**|1150775|
|---|---|
|**Chair**|K McLaughlan / R Massey (Co Chairs)|
|**Vice Chair**|Ian Wilson|
|**Treasurer**|Mrs C Belsham / Mrs A Thomas|
|**Trustees**|1 Miss R Scopes|
||2 Mr A Aves|
||3 Mrs C Ingham|
||4 Mrs C Belsham|
||5 Mr I Wilson|
||6 Mrs K McLaughlan|
||7 Mrs N Roe|
||8 Mrs T Breheny|
||9 Mrs R Massey|
||10 Mr M Limbert|
||11 Mrs A L Walsh|
||12 Ms L McGinley|
||13 Mr C Stevens|
|**Secretary**|Mrs T Breheny|
|**Registered Office**|212 Moss Lane|
||Bramhall|
||Stockport|
||Cheshire|
||SK7 1BD|
|**Independent Examiner**|Jonathan Scopes|
||35 Bowerfold Lane|
||Heaton Norris|
||Stockport|
||SK4 2LT|
|**Bankers**|Cooperative Bank|
**Page 3**
## **INDEPENDENT EXAMINERS REPORT**
## **TO THE TRUSTEES OF DENTON WEST END COMMMUNITY LIBRARY**
## **FOR THE PERIOD ENDED 31 JANUARY 2024**
We report on the financial statements which are set out on pages 5 to 13
## **Respective responsibilities of the Governing Board of Trustees and examiner**
As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act, whether particular matters have come to our attention.
## **Basis of independent examiner's report**
Our report was carried out in accordance with the general directions given by the Charity Commissioners. 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 in 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 an audit, and consequently we do not express an audit opinion on the view given by the accounts.
## **Independent examiner's statement**
In connection with our examination, no matter has come to our attention
1. which gives us reasonable cause to believe that in any material respect the requirements a) to keep accounting records in accordance with section 130 of the Act; and
- b) to prepare accounts which accord with the accounting records to comply with the accounting requirements of the Act have not been met: or
2. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
…………………………………… Jonathan Scopes 35 Bowerfold Lane Heaton Norris Stockport SK4 2LT
Dated: 28 November 2024
**Page 4**
## **DENTON WEST END COMMUNITY LIBRARY**
## **REPORT OF THE GOVERNING BOARD OF TRUSTEES**
## **FOR THE PERIOD ENDED 31 JANUARY 2024**
The Governing Board of Trustees present their report with the financial statements of the Charity for the year ended 31 January 2024. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the Charity's trust deed, applicable law and requirements of the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in March 2005.
## **Trustees**
The Trustees recognise their responsibilities for keeping proper accounting records and preparing the accounts each year on a timely basis.
The attached accounts have been prepared on the accruals basis and have been examined by independent examiners, whose report is also attached.
The Trustees who served during the year are recorded within the Legal and Administrative information section of these accounts.
## **Principal activities and objects of the charity**
To advance education of the public by providing a library service and additional facilities, providing educational facilities, assisting with education, learning and personal development as a leisure activity. To improve the lives of the residents of Tameside by associating them, local authorities, voluntary and other organisations in a common effort to provide opportunities for involvement in social welfare, recreation and leisure activities.
The Trustees have due regard to the Charity Commissions public benefit guidance when exercising any powers or duties to which the guidance is relevant.
## **Development, activities and achievements**
The Library has for another successful year, been the hub of the community in Dane Bank. The community actively use all facilities and groups offered, i.e. the choir, yoga, brownies, knit & knatter etc
We have also been able to offer winter care packages to vulnerable residents.
We have been successful in securing a number of grants to allow a number of specialist activities to take place, allowing us to procure local artists and performers, to perform and present workshops .
Community support has continued to be outstanding, with continued strong support to our fundraising events, i.e. our monthly quiz, seasonal fairs, fundraising events and our yearly headliner ' the Christmas light switch on' This has continued to help plug the funding gap and continue to offer our space to the community.
Funding raising and sponsorship, along with direct donations from the community has helped us maintain the facility for the good of the community.
## **Future Developments**
The Trustees are continually seeking to improve the facilities and further engage with the community to ensure continual development of activities, resources and opportunities. Regular community fundraising events and engagement activities will be developed further
## **Going Concern**
In the opinion of the Trustees, there is no material uncertainty regarding the Charity's ability to continue as a going concern.
## **Fixed assets**
Changes in fixed assets during the year are set out in the notes to the financial statements.
**Page 5**
## **DENTON WEST END COMMUNITY LIBRARY**
## **REPORT OF THE GOVERNING BOARD OF TRUSTEES (Continued)**
## **FOR THE PERIOD ENDED 31 JANUARY 2024**
.
## **Statement of Governing Board of Trustees responsibilities**
The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity for that year. In preparing those accounts the Trustees are required to:-
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the accounts on a going concern basis unless it is inappropriate to presume that the charity will continue in existence
Approved by the Trustees
Date 28 November 2024
Mr Ian Wilson Vice Chair
Date 28 November 2024 Mrs A Thomas Treasurer
**Page 6**
## **DENTON WEST END COMMUNITY LIBRARY**
## **BALANCE SHEET**
## **AS AT 31 JANUARY 2024**
.
||**Note**|**2024**||**2023**||
|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|
|**Tangible Fixed Assets**||||||
|Tangible assets|**3**||161,751||161,500|
|**Current Assets**||||||
|Stocks|**4**|1,057||0||
|Debtors|**5**|0||0||
|Bank accounts||21,455||20,787||
|Cash in hand||1,530||851||
|||24,042||21,638||
|**Creditors**||||||
|Amounts falling due within 1 yr|**6**|87,620||88,826||
|**Net Current Assets**|||-63,578||-67,188|
|**Total assets less current liabilities**|||98,173||94,312|
|**Capital Funds**||||||
|Unrestricted funds|||98,173||94,312|
|**TOTAL FUNDS**|||98,173||94,312|
Approved by the Trustees on 28 November 2024 and signed on its behalf by:
Mr I Wilson
__Mhones . Mrs A Thomas
**Page 7**
## **DENTON WEST END COMMUNITY LIBRARY**
## **Statement of Financial Activities for period ended 31 January 2024**
|**Note**
**Incoming Resources**
Donations, legacies & Similar incoming receipts
Investment Income
Other incoming resources
**TOTAL INCOMING RESOURCES**
**Resources expended**
Costs of generating funds
Charitable expenditure:
Overheads payable in furtherance of the
Charity's objects
Costs of activities in furtherance of the
Charity's objects
Support costs
Resources expended on managing and
administering the Charity - Depreciation
**Total resources expended**
**Net movement in funds**
**Total funds brought forward**
**Prior year adjustment**
**14**
**Total funds carried forward**|**Unrest'd**
**Rest'd**
**Total**
**Funds**
**Funds**
**Funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
17,704
0
17,704
30
0
30
18,735
0
18,735
**36,469**
**0**
**36,469**
8,671
0
8,671
13,020
0
13,020
0
0
0
6,845
0
6,845
119
0
119
**28,655**
**0**
**28,655**
7,814
0
7,814
94,312
0
94,312
-3,953
0
-3,953
**98,173**
**0**
**102,126**|**Total**
**Funds**
**2023**
**£**
18,796
3
12,243|
|---|---|---|
|||**31,042**|
|||7,097
9,589
1,313
6,315
81|
|||**24,395**|
|||6,647
87,665|
|||**94,312**|
**Page 8**
## **DENTON WEST END COMMUNITY LIBRARY**
## **Statement of financial activities**
## **Detailed analysis of movement in funds**
|**£**
**£**
**General Fund**
Balance B/fwd
94,312
Prior year adjustment
-3,953
Surplus for the year
7,814
98,173
**Total Funds at 31 January 2024**
98,173
**For the period ended 31 January 2024**
**2024**|**£**
**£**
87,665
6,647
94,312
94,312
**2023**|**£**
**£**
87,665
6,647
94,312
94,312
**2023**|
|---|---|---|
||||
|||94,312|
**Page 9**
## **DENTON WEST END COMMUNITY LIBRARY**
## **Notes to the Financial Statements**
## **For the period ended 31 January 2024**
## **1 Accounting policies**
The financial statements are prepared under the historical cost convention and incorporate the results of the principal activity which is described in the Trustees report which is on pages 5 and 6.
## **Cashflow statement**
The Company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cashflow statement on the grounds that it is a small entity.
## **Incoming resources**
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets , less their estimated residual value, over their expected useful lives. On the following bases
Equipment 25% reducing balance basis
Depreciation is not provided on land and buildings, as in the opinion of the Trustees, the carrying value is not greater than it's realisable value.
## **Stocks**
Stocks and work in progress are valued at the lower of cost or net realisable value after making allowance for obsolete and slow moving stocks.
## **Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The Charity had no restricted funds in the period ended 31 January 2024, nor in the prior year.
## **Debtors**
The Trustees have decided that no provision for bad or doubtful debts is required.
**Page 10**
## **DENTON WEST END COMMUNITY LIBRARY**
## **Notes to the Financial Statements ( continued )**
## **For the period ended 31 January 2024**
## **Note**
## **2 Investment income and gains**
|Interest
**3 Tangible fixed assets**
Cost
At 1 February 2023
Additions
Disposals
At 31 January 2024
Depreciation
At 1 February 2023
Charge for year
At 31 January 2024
Net Book value
At 31 January 2024
At 31 January 2023
**4 Stocks**
General Stocks
**5 Debtors and Prepayments**
Amounts falling due within one year
Trade Debtors
Prepayments and accrued income
Funds debtor|**2024**
10
**Land**
**and**
**Buildings Equipment**
**Total**
161,337
3,187
164,524
0
370
370
0
0
0
161,337
3,557
164,894
0
3,024
3,024
0
119
119
0
3,143
3,143
161,337
414
161,751
161,337
163
161,500
**2024**
1,057
**2024**
0
0
0
0
**2024**|**2023**
10
**2023**
164,524
0
0|
|---|---|---|
|||164,524|
|||2,943
81|
|||3,024|
|||161,500|
|||**2023**
0
**2023**
0
0
0|
|||0|
**Page 11**
## **DENTON WEST END COMMUNITY LIBRARY**
## **Notes to the Financial Statements ( continued )**
## **For the period ended 31 January 2024**
## **Note**
|**Note**||||
|---|---|---|---|
|**6 Creditors**
Amounts falling due within one year
Secured Loan - Building
**13**
Friends Group
Accruals and deferred income
Room booking deposits Held
**7 Incoming resources**
Grants
Donations legacies & other
**Investment Income**
Interest
**Other Incoming Resources**
Book Sales
Events
Tuck Shop
Room Hire
Clubs and Craft activities
Other income
Raffle Tickets
**TOTAL INCOMING RESOURCES**
**8 Costs of generating funds**
Community Benefit
Events
Cost of Sales
Activity Costs|87,620
0
0
0
87,620
8,640
9,064
17,704
30
30
832
15,192
133
1,555
0
437
586
18,735
36,469
0
6,654
2,017
0
8,671
**2024**
**2024**
**2024**|88,551
0
275
0
88,826
10,907
7,889
18,796
3
3
1,694
7,748
260
1,958
0
221
362
12,243
31,042
0
1,139
364
5,594
7,097
**2023**
**2023**
**2023**||
|||||
||||7,097|
**Page 12**
## **DENTON WEST END COMMUNITY LIBRARY**
## **Notes to the Financial Statements ( continued )**
## **For the period ended 31 January 2024**
## **9 Overheads Payable in Furtherance of the Charity's objects**
|**9 **|**Overheads Payable in Furtherance of the Charity's objects**|||||
|---|---|---|---|---|---|
|||**2024**||**2023**||
||Solicitors Charges|0||0||
||Subscriptions|0||166||
||Heat light & water|4,345||2,464||
||Repairs & renewals|2,509||274||
||Training|0||512||
||Health & safety costs|0||0||
||Building loan Interest|6,166||5,789||
||Rent & Rates|0||0||
||Sundries and misc|0||384||
||||13,020||9,589|
|**10 **|**Costs of activities in furtherance of the Charity's objects**|||||
|||**2024**||**2023**||
||Refreshments|0||203||
||Merchandising|0||0||
||Publicity & advertising|0||530||
||Fundraising expenses|0||0||
||Service/office expenses|0||580||
||Consumables|0||0||
||||0||1,313|
|**11 **|**Support costs**|||||
|||**2024**||**2023**||
||Insurances|2,741||4,214||
||Professional fees|0||230||
||Postage stationery and photocopying|0||200||
||Accountancy|0||275||
||Licence fees|2,674||223||
||Telephone|1,430||1,173||
||||6,845||6,315|
|**12 **|**Resources expended on managing and administering the Charity**|||||
|||**2024**||**2023**||
||Depreciation Admin - Owned assets|119||81||
||||119||81|
## **13 Secured Loan**
The balance of the loan in full is recorded in current liabilities as this shows the position should the Charity cease to exist for any reason. It is prudent to expect the loan will have to be repaid possibly before the building is sold. The Balance Sheet shows the position should this happen.
## **14 Prior Year Adjustment**
As a result of the examination of the financial statements for the current year, discrepancies in the previously filed accounts were discovered totalling £3,953. This was principally due to misstatements of the balance due on long term loans. The amount due was understated by £3,911. Other minor adjustments totalled £42.
**Page 13**