2024-03-31-accounts - Our Library @ Newbold Verdon

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ObjectivesandActiviti	es
	SORP reference
Summary ofthepur"posesof	Para1.17	Theaimsofthe Groupshallbetoretain
the charity as set out inits governing document		andexpand our Community Libraryinits roleasacommunityhubforNewbold
		Verdon, Barlestoneandsurrounding villages.Buildingon previous successes
		wewillbring together local groupsand
		individuals from allparts of the community, providing opportunities forlearning,
		development, recreationandshared
		experiences.OurLibrary buildingshould
		beatthe heart of our community, seenby allasvaluable, sustainableandaccessible,
		suppodingimprovedsocialcohesion.
Summary ofthemain activities	Para1.17and1 .'19	Providingabook lending service
in relation tothosepurposes forthepublic benefit,in		Providingpubliccomputers andinternet aGcess
particular,theactivities,		Hosting free/lowcosteventssuchas Tots
projects orservicesidentified		Tales,Crafting Group andDementia
intheaccounts.		Support.
		Providing affordable roomhiretolocal
		voluntarygroupsthatrunsocialevents
		suchasaCinema.
		Providinga homefor the Villase Archive.
Statement confirmingwhether	Para1 .'18	Thetrusteesare awareof the guidance
thetrusteeshave had regardto theguidanceissuedbythe		issuedbythe Charity Commissionon publicbenefit.
Charity Commissiononpublic
benefit

			Thelibraryis cornpletely dependent on its
	Para	1.38	volunteers, who carry outallnecessary
Contribution made by			taskstokeepthe library operational.
volunteers
Other			N/a

	SORP reference
		During2023124,theLibraryhascontinued
		itsrecovery from the impactsofthe
		Pandemicand challenges in maintaining
Summary ofthemain achievementsofthecharity,	Para1.20	Volunteer numbershave easedsomewhat. OurLibraryhascontinuedtoprovide
identifyingthedifference the		servicesandactivitiesto the community.
charity'sworkhas made to the		Visitornumbers again improvedduringthe
circumstancesofits		year,thoughremain below pre-pandemic
beneficiaries and anywider		levels.Thenewly-established Village
benefitstosociety asawhole.		Archive, housedwithintheLibraryhas
		continuedtodevelop successfully.
Additional information(optional)
Youm choosetoincludefurtherstatements		whererelevant about:
		Ourinitialobjective wastomaintain
		existinglevels of service andavailabilityof
Achievements against	Para1.41	thelibrary service andits facilitiesto the
objectives set		localcommunity.This hasbeenachieved
		andwe continuetobuildonthis forthe
		future.
		N/a
Performanceoffundraising
activities against objectives set	Para1.41
		N/a
Investment performance	Pata1.41
against objectives
Other

Description of charity's trusts
Type of governing document	Para 1.25	Constitution
Howisthe charity constituted?	Para 1.25	CharitableIncorporatedOrganisation
Trustee selection methods	Pata1.25	Newmembersareinvitedtojointhe Board
including details of any		ofTrusteesbytheexistingTrusteesand
constitutional provisionse.g.		formallyconfirmedbythem
electiontopost or name of any
person or body entitled to
appoint oneormore trustees

constitutional provisionse.g. electiontopost or name of any person or body entitled to appoint oneormore trustees formallyconfirmed	constitutional provisionse.g. electiontopost or name of any person or body entitled to appoint oneormore trustees formallyconfirmed
Additional information(optional)
Youm choosetoinclude further statementswhererelevantabout:
	N/a
Policies and procedures
adopted fortheinductionand	Para1.51
trainingoftrustees
	N/a
The charity's organisational
structure and anywider	Para1.51
network with whichthecharity
works
	N/a
Relationshipwithany related	Para1.51
parties
Other

FinancialReview
Reviewofthecharity's	Para1.21	initialobiective wastoensure
linancial position at the endof		reserveswere held sothatinthe
the period		unlikely eventofreceiving no incomewe
		ldstillcover all of our operating costs,
		iven that grants frornfromLeicestershire
		untyCouncilwouldceaseinMarch2022.
		ursecondyearfollowingthatdate
		rovidedafurtherrangeoffinancial
		allenges, but results werebroadlyinline
		expectations.At yearendaround3
		rs' operatinq costs wereheld.
Statement explainingthepolicy for holding reserves stating	Para1.22	lfonolO aminimum ofoneyears operating
why theyareheld		lcosts.
Amountofreservesheld	Paru 1.22	Ittz,Bzt.oo
Reasonsforholding zero	Para 1.22
reserves		lN/a
Details offundmateriallyin	Para1.24
deficit		lN/a
Explanationofany	Para1.23	at present
uncertainties aboutthecharity
continuing as aqoinqconcern		l*.r"

Youm choosetoincludefu	rtherstateme	ntswhererelevant about:
		Givenourcurrentlyhealthy financial
		position,OurLibraryis notcurrently
Thecharity'sprincipal sources offunds(including any	Para1.47	activelyfundraising.Ourprincipalincome comesfromroomhire,andgeneraltrading
fundraising)		arisingfromthesaleof donated itemsand
		charges associatedwith providinga
		Libraryserviceplus occasional donations.
		Reserves areheldinaSavingsaccount
		that gives the best returnwithinthe terms
lnvestmentpolicyand		andconditionsthatarethe most beneficial
objectives including any social	Para1.46	tothelibrary.
investment policy adopted
		Ashortage of volunteerstooperate the
		libraryaswellassufficientvolunteersto
Adescription oftheprincipal	Para 1.46	meetrequired standard of governance.
risks facingthecharity		Ariskregister hasbeendrawnupandis
		reviewed.
Other

		Unrestricted funds	Unrestricted funds	Restricted funds	Endowment funds	Total funds	Last year
		to thenearestt		to the nearestf	to the nearestf	to the nearest€	to the nearestE
A1Rece
Donations and Grants			,lait				6lQA
Fundraising Events
General Trading			781				917
Room Hire			2,924				1,586
Bank interest			348				105
Sundries							408
Subtotal(GrossincomeforAR)			5,457				8,302
A2Assetandinvestmentsales,
(seetable).
	Subtotal
Total A3 Payments							8.302
Cost of fundraising
lnsurance
Lighting and Heating			1,314				s68
Rates			3,672				3,269
Repairs and Maintenance
Telephone and lnternet		5,527					9,181
Water and sewerage			799				705
Website (ltseezee and ThreeRings)			515				402
Stationery and Newspapers			360				360
Adhoc			898				741
Legalcosts			812				635
Sub A4Assetandinvestment							t=;;l
purchases,(seetable)
	Sub
Total Netofreceipts/(pa ^A5Transfersbetweenfunds		13.897 -8.440					15.861 -7,559
A6Cashfundslast year end
Cashfundsthis	year	32.827				32.827	41,267

SectionBStatement	of assets andliabilitiesat	the end ofth	eperiod
		Unrestricted	Restricted funds	Endowment
Categorie*	Details	funds		funds
		to nearestI	to nearestf	to nearestt
	Current Account	401
	SavingsAccount	32,374
	petty cash	52
	Totalcashfunds	32,827
	(agreebalanceswithreceipts and payments
	account(s))
		Unrestricted	Restricted funds	Endowment
		funds		funds
	Details	tonearestf	tonearestf	to nearestf
82Other monetary assets
	Details	Fund to which asset	Cost (optional)	Current value
83lnvestment assets
	Details	Fund to whrch asset	Cost (optional)	Current value
84Assetsretainedforthe	Furniture & Equipment			32,784
charity's ownuse
		Fundtowhich	Amount due	When due
	Details	liability relates	(optional)	(optional)
85 Liabilities
Signedby one or twotrusteeson behalf of all thetrustees	Signature	Print	Name	Dateof roval
		NigelTrotman
		RickyBell