NMLA  Income Expenditure Accounts April 2025-March 2026 ( Confidential) 

## - - North  Meols Library Association Annual Returns April 2025 March 2026 

|North  Meols Library Association-Annual Returns April 2025-March 2026|North  Meols Library Association-Annual Returns April 2025-March 2026|North  Meols Library Association-Annual Returns April 2025-March 2026|North  Meols Library Association-Annual Returns April 2025-March 2026|North  Meols Library Association-Annual Returns April 2025-March 2026|
|---|---|---|---|---|
|**Income**|Source of Data - NMLA Bank Statements||||
|Donations -  Various|1,759||||
|BIDS - Tesco / Howards|2,125||||
|Book Sales|2,980||||
|Fund RaisingActivities and Events|4,342||||
|SUM-UP Sales|206||||
|Cash Box|169||||
|**Total**|**11,581**||||
||||||
|Expenditure|Source of Data - NMLA Bank Statements|||**Total Income 2025/26**|
|Rent|120||||
|Room Hire - Events & Meetings|231|||**Less Total Expenditure**|
|Electricity|888||||
|Insurance|182||||
|Maintenance  and Furnishings|277|||**Profit/Loss for 2025/26**|
|Broadband Subs|268||||
|MS Office Subs|331||**Bank Reconciliation**||
|LibrarySystem Subs|1,187||||
|LibraryNetwork Subs|38|Balance Brought Forward  1 April 25|||
|LibraryBarcodes|148|ClosingBalance 31 March 2026|||
|LibraryNew Books|361|Difference|||
|LibraryNew Books - Large Prints|790||||
|Mobile Phone Sim Card|26||||
|New Mobile Phone|111||||
|New DesktopComputer|292||||
|New Printer|359||||
|Printer Ink and Tonner|442||||
|Volunteer Engagement and Well Being|298||||
|Volunteer Engagement - DBS Checks|180||||
|Volunteer Engagement - Business Cards|56||||
|Various Consumables|29||||
|Bank Account   Charges|8||||
|**Total**|**6,620**||||





NMLA  Income Expenditure Accounts April 2025-March 2026 ( Confidential) 



NMLA  Income Expenditure Accounts April 2025-March 2026 ( Confidential) 

**£11,581 £6,620** 

_**£4,961**_ £6,009 £10,971 £4,961 



**North Meols Library Association** 

## **Annual General Meeting Wednesday 24 June 2026** 

## **NMLA Annual Financial  Report 2025/2026** 

**1. Opening Statement:** This report is for the Accounting Period April 2025 – March 2026. 

**2. Executive Summary:** The overall result for the financial year April 2025/March 2026 is a surplus. The annual returns are  more favourable in comparison with financial year 2024/25 which was a Deficit of £678. 

This is mainly due to funds generated  by book sales, fundraising events, outreach and seasonal community events , generous donation  and two successful bids for funding. In summary: 

- a. Total Income - £11,581 

- b. Total Expenditure - £6,619 

- c. Surplus - £4,961 

- d. Expenditure / Income Ratio : 0.57 ( 57p spent for every £1.00 earned) 

- e. Profit as a % of Total Income: %42.00 

## **3. Income & Expenditure Summary:** 

## _**3.1 Income Breakdown Table**_ 

|Source|Amount £|As % of Total|
|---|---|---|
|Donations|1,759|15%|
|BIDS|2,125|18%|
|Book Sales|2,980|26%|
|Fundraising - Bingo, Brunch , Big Event|3,379|29%|
|Fundraising – Seasonal Community Events|963|8%|
|Other ( SUM UP / Cash Box)|376|3%|
|Total|11,581|100%|



We also received  very generous donations of goods  and services  towards  the celebration event held in October 2025, heating devices, book shelves, crafts and cake making. 

1 



## _**3.2Expenditure Breakdown Table**_ 

|Source|Amount £|As % of Total|
|---|---|---|
|State and Maintenance|1,352|20%|
|ICT Connectivity|625|9%|
|Library System|1,187|18%|
|Library Books|1,151|17%|
|Library Consumables|589|9%|
|Volunteer Engagement|478|7%|
|ICT Capital|761|12%|
|Others|477|7%|
|Total|£6,619|100%|



## 4 **Balance Sheet Summary:** 

- 4.1 **Opening Balance:** Funds at the start of the year £6,009 April 25 4.2 **Closing Balance:** Funds at the end of the year.£10,970  March 2026 4.3 **Current Account Balance:** Total funds available as of : 31 May 2026 - £11,342.45 

## 5 **Outlook for 2026/27:** 

- 5.1In the light of the recent economic  events and continued pressures on cost of living and impact of  inflationary pressures on the   cost of utilities , goods and services  is likely to  lead: 

   - an increase in  the running costs of the charity, 

   - a reduced forecast for  annual income. 

Based on the current forecast the overall result for the financial year April 2026/March 2027 is **a Deficit of  £1,800.** 

The Trustees will  continue to monitor and evaluate all aspects of the charity’s financial performance ensuring best value for money by ensuring that we  maximise the revenue and as far as possible minimise the cost. 

The key priority is to ensure that we adequality fund  the current Library space and ensure that it continues to be a warm, welcoming, safe and well-maintained place and extending our offering to include other related and complimentary  excellent and inclusive services to our local community. 

2 



## 6 **Audit of the Annual Returns :** . 

## 6.1Independent Auditor - Joyce Williamson –  Audit Completed 

- No Issues. 

## 6.2Internal System Audit Emerging  Issues: 

- 6.2a - Lack of forward planning for Fundraising Events and Activities 

- 6.2b- Lack of a coherent process for recording Fundraising  income/expenditure 

- 6.2c-Lack of Records of Income/Expenditure for the Petty Cash ( Cash Box) 

## 6.3– Update on actions to address the issues: 

- Financial Training workshop  for volunteers delivered  May 2026 

- The Cash Box/Petty Cash income expenditure practice has been reviewed and will be  updated to address the issues. 

**Recommendation:** The members are asked to note  the NMLA Audited Annual Accounts for April 2025-March 2026. 

Hooshang Rahmani 

Trustee and Treasurer – NMLA Monday 1 June 2026 

3