2022-03-31-accounts - Our Library @ Newbold Verdon

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Objecti		v	es and	Activiti	es
					ORP reference
ummary	of		the purposes of		Para 1.17	he aims ofthe Group shall be to retain
he charity		as set out		in its		and expand our Community Library in its
oveming	document					roie as a community hub for Newbold
						erdon, Barlestone and surrounding
						illages. Building on previous successes
						ewill bring together local groups and
						individuals from all parts ofthe community,
						providing opportunities for learning,
						development, recreation and shared
						xperiences. Our Library building should
						be atthe heart ofour community, seen by
						IIas valuable, sustainable and accessible,
						su ortin irn roved social cohesion.
Summary	of		the main	activities	Para 1.17and 1.19	Providing a book lending service
in relation	to		those purposes			Providing public computers and internet
orthe public			benefit,	in		ccess
particular,	the activities,					Hosting freellow cost events such as Tots
projects or		services identified				ales, Knit and Stitch, Local Family History,
in the accounts.						Dementia Support, Scrabble Club.
						Providing affordable room hire to local
						oluntary groups that run social events
						uch as Film events and afternoon tea
						essions with a nominated s eaker.
taternent		confirming		whether	ara 1.18	he trustees are aware ofthe guidance
he trustees			have had regard t			issued by the Charity Commission on
he guidance			issued by the			public benefit
harity Commission				on public
benefit

You ma	choose	to include	further statements	whe
			ORP reference
				Nla
			Para 1.38
Policy on	grant making
Policy on	social investment		ara 1.38
including	program	related		N/a
investment

					he library	is completely dependent
			Para	1.38	olunteers,	who carry out all necessary
ontribution	made	by			sks to keep the library operational.
olunteers
ther					N/a

Achie	vem	ents and Per	formance
			RP reference
				uring 2021/22, the Library has gradually
				tarted to recover from the impacts ofthe
				Pandemic, though ashortage ofVolunteers
ummary ofthe main chievements ofthe charity,			ara 1.20	has meant that it has not been possible to return to full pre-Pandemic opening hours.
identifying	the difference the			ur Library has however wherever possibl
arity*s	work	has made to the		provided services and activities to the
rcumstances		ofits		community. The challenge has been to
beneficiaries		and any wider		ncourage more members ofthe
benefits to society as a whole.				community to return to regularly using the
				cilities.

You ma c	ho	ose to include f	urther stateme	nts where relevant about
				ur initial objective was to maintain
				xisting levels ofservice and availability	of
chievements		against	ra 1.41	e library service and its facilities to the
bjectives set				local community. This has been achieved
				nd we continue to build on this for the
				ture, though progress has been
				dversel affected b the andemic.
				Nla
Performance offundraising ctivities against objectives set Para 1.41
Investment	performance		ara 1.41
gainst objectives
er

Review ofthe charity's	Review ofthe charity's	Review ofthe charity's	Review ofthe charity's	Review ofthe charity's			Para 1.21	Our initial objective was to ensure
inancial	position			at the end of				ufficient reserves were held so that in		the
he period								unlikely event ofreceiving no income we
								ould still cover all ofour operating	costs,
								iven that grants from from Leicestershire
								unty Council would cease in INarch 2022.
								a result ofreduced opening and	the
								radual return ofvarious activities,	income
								has reduced significantly. However	the
								ovid grant received has eased the
								pressure for the next couple ofyears. At
								ear end 4years' operating costs were
								held.
tatement		explaining			the	policy	Para '-22	o hold a minimum ofone years operating
or holding		reserves stating						osts.
h the		are held
mount	ofreserves held						Para 1.22	48,825.00
Reasons	for holding zero						ara 1.22	NIa
reserves
Details of		fund materially				in	ara 1.24	Nla
eficit
Explanation			ofany				ara 1.23	None at present
ncertainties			about the charity
ntinuin		as a		oin	concern
Additional			information			(optional)
You ma		choose to include further statements						where relevant about
								iven our currently healthy financial
								position, Our Library is not currently
he charity's principal sources ffunds {including any							Para 1.47	ctively fundraising. Our principal comes from room hire, and general	income trading
ndraising)								rising from the sale ofdonated items		and
								charges associated with providing a
								Libra service.
								Reserves are held in a Savings account
								hat gives the best return within the	terms
investment			policy	and				nd conditions that are the most beneficial
bjectives		including any social						othe library.
investment		policy		adopted
								shortage ofvolunteers tooperate	the
								library as well as sufficient volunteers		to
description			ofthe principal				ara 1.46	meet required standard ofgovernance.
sks facing			the charity					risk register has been drawn up and		is
								reviewed.
her

Descri	tion ofcharit 's trusts
ype of	governing document	Para 1.25	Constitution
How is the charity constituted?		Para 1.25	Charitable	Incorporated			Organisation
rustee	selection methods	ara 1.25	New members		are	invited tojoin the Board
including	details ofany		ofTrustees	by	the	existing Trustees and
constitutional provisions e.g.			ormally confirmed			by	them
lection	to post or name of any
person	or body entitled to
int	one or more trustees

You ma	ch	oose to incl	ude fu	rther stateme	nts whe
					Nla
Policies	and	procedures
adopted	for the induction		and
raining	oftrustees
					N/a
he charity's organisational structure and any wider				ara 1.51
network	with	which the charity
orks
Relationship		with any related		Para 1.51
parties
Other

	ha	name			ur Libra	Newbold	Newbold
Other name the charit				uses
R	istered charit		number		1164233
	harity's	principal	address		parkenhoe/Main		Street
					Newbold	Verdon
					Leicester
					Leicestershire
					l E99NP

	Names ofthe charity trustees who
	manage the charity
	rustee name	&ce ifan
	Nigel Trotman	Chair
	ohn Welford	olunteer Co-ordinator
	Ricky Bell	Premises Manager
	Ruth Camamile
	o Renner
1
11
1
1
1
1
1
1
1
2

				~	s	~
						Unrestricted funds			Restricted funds	Endowment funds	Total funds	Last year
						tothe	naarsst	f	tothe nearsst 6	tothe nearest 6	tothe nearest 6	tothe nearest R
A1 Receipts
Donations and Grants							5,113
Fundraising Events
General Trading
Room Hire							1,168						370
													75
Bank interest
Sundries
Sub total(Gross	income				forAR)		6,S99					35,532
Asset and investment					sales,
see table).
			Sub total
		Total			receip							35532
A3 Payments
Cost offundraising
insurance
Lighting and Heating											1,66S	1,669
Rates
Repairs and Maintenance							6,405				5,823	5,823
Teiephone and internet													622
ster and sewerage
ebsite (itseezm and		ThreeRings)
								410
Legal costs
				Sub tote
4Asset and investment
purchases, (see	table)
				Sub tote
	Total		paymen									9	36
Net ofreceipts'(payments							4747					26	296
A5 Transfers between			funds
A6 Cash funds last year					end		53	573			53573	27	277
Cash funds this				year en							48826	53	573