OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

ObjectivesandActiviti es
SORP reference
Summary ofthepurposesof Para 1.17 Theaims of the Groupshallbetoretain
the charity as set out in its andexpand our CommunityLibraryin its
governing document role asacommunityhubforNewbold
Verdon,Barlestoneandsurrounding
villages.Buildingon previous successes
wewillbringtogetherlocal groupsand
individuals from allparts of the community,
providing opportunities forlearning,
development, recreationandshared
experiences.OurLlbrary buildingshould
beattheheartof our community,seen by
all asvaluable, sustainableandaccessible,
supportingimprovedsocialcohesion.
Summaryofthemain activities Para1.17and1.19 Providingabook lending service
inrelation tothosepurposes Providingpubliccomputers and internet
forthepublic benefit,in access
particular,theactivities, Hosting free/low cost events suchas Tots
projects or services identified Tales,Grafting Group andDementia
intheaccounts. Support.
Providing affordable roomhiretolocal
voluntarygroups that runsocialevents
suchasaCinema.
Providingahomeforthe VillageArchive.
Statement confirmingwhether Para1.18 Thetrusteesare awareof the guidance
thetrusteeshave had regardto issued by the Charity Commissionon
theguidanceissued by the publicbenefit.
Charity Commissiononpublic
benefit

ISORPreference ISORPreference
N/a
Para 1.38
Policy ongrantmaking
Policy onsocialinvestment I?e
including program related N/a
investment l","
Thelibraryis completely dependent on its
Para 1.38 volunteers, who carry outallnecessary
Contribution made by taskstokeepthe library operational.
volunteers
Other N/a

Achievementsand Pe rformance
SORP reference
During2A22123,theLibraryhascontinued
itsrecovery from the impacts of the
Pandemic,thoughchallengescontinuein
Summary ofthemain
achievementsofthecharity,
Para 1.20 maintaining Volunteernumbers.Our
Libraryhascontinuedtoprovide services
identifyingthedifference the andactivitiesto thecommunity. Visitor
charity'sworkhas made to the numbers improvedduringtheyear,though
circumstancesofits remain below pre-pandemiclevels.This
beneficiaries and anywider yearhasalsoseenthe creation ofour
benefitstosociety asawhole. VillageArchive,housedwithin theLibrary
providingcommunity access toarangeof
historicalresources on the village and its
residents.

Additional information(optional) Additional information(optional)
You
choosetoincludefudherstatements
whererelevant about
Ourinitialobjective wastomaintain
existinglevels of service andavailabilityof
Achievements against Para1.41 the library service andits facilitiesto the
objectives set localcommunity.This hasbeenachieved
andwe continueto buildonthis forthe
future.
N/a
Performanceoffundraising
activities against objectives set Para1.41
N/a
lnvestmentperformance Para1.41
against objectives
Other

FinancialReview
Reviewofthecharity's ?ara1.21 Ourinitialobjective wastoensure
financialpositionattheendof sufficientreserveswere held sothatinthe
theperiod unlikely eventofreceiving no incomewe
couldstillcover all of our operating costs,
given that grantsfrom fromLeicestershire
CountyCouncilwouldceasein March2022.
Ourfirstyearfollowingthat date provideda
rangeoffinancialchallenges, but results
werebroadlyinlinewith expectations. At
year endaround4years' operating costs
were held.
Statement explainingthepolicy
for holding reserves stating
Para1.22 lToholdaminimum ofoneyears operating
whythey areheld lcosts.
Amountofreserves held Para 1.22 841,267.00
Reasonsforholding zero Para 1.22 N/a
reserves
Details offundmateriallyin Para 1.24 N/a
deficit
Explanation of any Para1.23 Noneat present
uncertainties about the charity
continuing as a going concern

You
choosetoincludefur
therstateme ntswhererelevant about.
Given ourcurrentlyhealthy financial
thecharity's principal sources
offunds(including any
Para 1.47 position,OurLibraryis notcurrently
activelyfundraising.Ourprincipalincome
comesfromroomhire,andgeneraltrading
fundraising) arising from thesaleof donated itemsand
charges associatedwith providinga
Library service plus occasional donations.
Reserves areheldinaSavingsaccount
that gives the best returnwithinthe terms
lnvestment policy and andconditionsthatarethe most beneficial
objectives including any social Para 1.46 to the library.
investment policy adopted
Ashortage of volunteerstooperate the
libraryaswellassufficientvolunteers to
Adescriptionoftheprincipal Para 1.46 meetrequired standard of governance.
risks facingthecharity Ariskregister hasbeendrawnupandis
reviewed.
Other

Description of charity's trusts
Typeof governing document ?ara1.25 Constitution
Howisthecharity constituted? Para1.25 CharitableIncorporated Organisation
Trustee selection methods Para 1.25 Newmembersareinvitedtojointhe Board
including details of any ofTrusteesbythe existing Trusteesand
constitutional provisionse.g. formally confirmedbythem
electiontopost or name of any
person or body entitled to
appoint oneormore trustees

Additional information(optional) Additional information(optional)
You
choosetoinclude further statementswhererelevant about:
N/a
Policies and procedures
adopted fortheinductionand Para151
trainingoftrustees
N/a
The charity's organisational
structure and anywider Para1.51
network with whichthecharity
works
N/a
Relationshipwithany related Para'1.51
parties
Other

Reference andAdmin istrativedetails
Charity name Our Library @ Newbold Verdon
Cther name thecharityuses
Reqisteredcharitynumber 1164233
Charity's principal address Sparkenhoe/Main Street
Newbold Verdon
Leicester
Leicestershire
LEggNP
Namesof thecharitytrust
managethe charity
ees who
Trustee name Office (ifany)
1 NigelTrotman Chair
John Welford Volunteer Co-ordinator
RickyBell Premises[t/lanager
Ruth Camamile
Jo Renner
1
1 1
1
1
1
1
1
1
1
1

Our Library@Newbold Verdon 164233
I'
Receiptsand nts accounts CC16a
01t04t2022
Period StartDate
Forthe period
from
To Period end date
31t03t2023
Unrestricted
funds
Restricted
funds
Endowment
funds
Totalfunds Lastyear
to thenearestf tothenearest€ to the nearest€ to the nearest€ to the nearest€
A1Recei
Donations and Grants 5,286 5,113
Fgndraising Events
General Trading 917 708
Room Hire 1,586 1,168
Bank interest 105 5
Sundries 408
Subtotal(GrossincomeforAR) 8,302 6,999
A2Asset andinvestmentsales,
(seetable).
Subtotal
Total 6qgg
A3 Payments
Cost of fundraising
lnsurance
s68 555
Lighting and Heating
3,269 2,642
Rates
Repairs and Maintenance
9,181 6,405
Telephone and lnternet
705 681
Water and sewerage
402 569
Website (ltseezee and ThreeRings)
360 360
Stationery and Newspapers
741 410
Adhoc
635 124
Legal costs
Sub
15.86'l
A4Asset andinvestment
purchases,(seetable)
Sub
Totalpa 11.746
Netof
4.747
A5Transfersbetweenfunds
A6 Cashfundslast year end
48.826
Cashfundsthisyear 41.267
SectionBStatement ofassets an dliabilitiesat the end ofth eperiod
Unrestricted Restricted funds Endowment
Categories Details funds funds
to nearestI to nearest € to nearest€
CurrentAccount 1,136
SavingsAccount 40,076
pettycash 55
Totalcashfunds 41,267
(agree balances withreceipts andpayments
account(s))
Unrestricted Restricted funds Endowment
funds funds
to nearestf to nearest e to nearest €
82Other monetary assets
Details Fundto which asset
belongs
Cost (optional) Current value
opuonar
83lnvestment assets
Details Fundto whichasset
belongs
Cost(optional) Current value
opuonar
84Assetsretainedforthe Furniture & Equipment 34,094
charity's ownuse Public computers
Fundtowhich Amount due When due
Details liability relates (optional) (optional)
85 Liabilities
Signed by one or twotrusteeson
behalf of all thetrustees
Signature Print Name Dateof
(- NigelTrotman
RickyBell
slillyz
zlulx