CHARITY COMMISSION FOR ENGLAND AND WALES CHARITY COMMISSION FOR ENGLAND ANO WALES Trustees, Annual Report for the period From 1"April 2024 To 31" March 2025 Charity name: Our Library @ Newbold Verdon Charity registration number: 1164233 Objectives and Activities SORP reference Para 1.17 ummary ofthe purposes of he charity as set out in its oveming document he aims of the Group shall be lo retain nd expand our Community Library in its role as a community hub for Newbold erdon, Barlestone and surrounding illages. Building on previous successes 8 will bring together local groups and individuals from all parts of the communfty, providing opportunities for learning. development, recreation and shared xperiences. Our Library building should be at the hèart of our community, seen by 11 as valuable, sustainable and accessible, ortin roved social cohesion. Providing a book lending service Providing public computers and internet ccess Hosting freellow cost events such as Tots ales, Crafting Group and Dementia upporL Providing affordable room hire to local oluntary groups that run social events. Providin a home for the Villa e Archive. he trustees are aware of the guidanco issued by the Charity Commission on public benefiL Summary of the main activities in relation to those purposes or the public benefit, in particular, the activities, projects or seNices identified in the accounts. Para 1.17and 7.19 Statement confimiing whether he trustees have had regard to he guidance issued by the Charity Commission on publi benefit ara 1.18 Additional information loptionall You ma choose to include further statements where relevant about.. ORP referen Nla Policy on grant making ara 1.38 Policy on social investment including program related investment Par8 1.38 Nla
he library is completely dependent on its olunteers, who carry out all necessary asks to keep the library operational. ara 1.38 ontribution made by olunteers ther Nla Achievements and Performance ORP referen¢e Durtng 2024125. the Library has continued to meet a range of challenges, including tho loss of one regular income stream. Plans are in place to address future funding challenges. Our Llbrary has continued to provide services and activities o the community. Vi51tor numbers agaln improved during the year, though remain below pre-pandemic levels. The rapidly- developtng Village Archive, housed within the Library has continued to grow successfull ummary ofthe main chievements of the charity, identifying the difference the harity's work has made to the ircumstances of its beneficiaries and any wider benefits lo society as a whole. ara 1.20 Additional infomiation (optionall You ma choose to include further statements where relevant about.. Our initial objective was to malntain existing levels of service and availability of he library service and its facilities to the local community. This has been achieved and we contlnue to build on this for the uture. Nla chievements against obje¢tives sel ara 1.41 Perfomiance of fundraising activities against objectives set PaTa 1.41 Nla Investment perfomiance against objectives ar& 1.41 ther
Financial Review Review of the chaiity's Inancial position at the end of he period Para 1.21 ur initial objective was to ensure ufficient reserves were held so that in the unlikely event of receiving no income we ould still cover all of our operating costs, given that grants from from Leicestershire County Council would cease in March 2022. Our third year following that date provided a further range of financial challenges, but results were broadly in line with xpectations. At year end around 3 years. neto eratin costs were held. o hold a minimum of one years operating costs. statement explaining the policy or holding reserves stating are held mount of reserves held Reasons for holding zero reserves Details of fund materially in eficit Explanation of any uncertainties about the charity continuin asa oin concem ar8 1.22 ar3 1.22 Paro 1.22 6 581.00 Nla ara 1 24 Nla Para 1.23 None at present Additional infomiation (optionall You ma choose to include further statements where relevant about.. ur Library is not currently actively undraising though it is proposed to commence this during the year ahead as reserves are depleted. Our principal income comes from room hire, and general ading arising from the sale of donaled items and charges associated with providing a Library service plus occasional donations. Reserves are held in a Savings account that gives the best return within Ihe terms and conditions that are the Most beneficial o the library. he charity's principal sources f funds (including any undraising) Para 1.47 Investment policy and bjeclives including any social investment policy adopted Para 146 shortage of volunteers to operate the library as well as sufficient volunteers to meet required standard of governance. In e longer term, inadequate funds. risk register has been drawn up and is reviewed. description of the principal risks facing the charity P8ra 1 46 Other
Structure, Governance and Management Descri tion of charil 's trusts". ype of governing document Para 1.25 onstitution How is the charity constrtuted? Para 1_25 haritable Incorporated Organlsation rustee selection methods including details of any onstitutional provisions e.g. lection to post or name of any erson or body enlitled to oint one or more trustees ara 1.25 New members are invited to join the Board of Trustees by the existing Trustees and omially confirmed by them Additional infomiation (optional) You ma choose to include further statements where relevant about-. Nla olicies and procedures dopted for the induction and raining of trustees Para 1.51 Nla he ¢harity's organisational Iructure and any wider network with which the charrty orks Para 1.51 Nla elationship with any related rties Para 1.51 ther Reference and Administrative details Charil name ther name the charit uses istered charit number Charity's principal address Our Libra Newbold Verdon 1164233 Sparkenhoelmain Street Newbold Verdon Leicester Leicestershife LE9 9NP
Names of the Gharity trustees who manage the charity rustee name Nigel Trolman Christine Jennings-sharman Ricky Bèll Ruth Camamile Jo Renner office Chair ifan Premises Manager 11 Cor orate trustees- names of the directors at the date the re ortwasa roved irèctor name Name of trustees holding title to property belonging lo th8 charity rLtstee name Dates acted bf not for whole èar
Funds held as custodian trustees on behalf of others scription of the assets held n this capacity Name and objects ofthe harity on whose behalf the ssets are held and how this alls within the custodian harity's objects Details of arrangements for afe custody and segregation f such assets from the harily's own assets Addltlonal inforniation (optional) Names and addresses of advlsers (Optional information) o of adviser Name Name of Chief executive or names of senior staff members Ioptional information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information
Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signaturo(s Full name(s kJi6ÉL fnANy Z , Position leg Secretary, Chair, et lo
ui Llbrary Newbold Verdon 1164233 (OMM Receipts and payments accounts CC16a For the pedod from Perioc* Start D81e 0110412024 Poriod ?nd date 3110312025 To Section A Receipts and payments Unrgstrlcted funds Restrlcted funds toth• neorest£ Endowm¥nt funds tD nearest £ Total funds Last y•ar tothe nearvt tothe noargst£ to th• 11r•S1£ Al Recei [)tionS and Grants 4,616 Fundraisjn Events Genwal Tradi 1.157 781 Royjtn Hire 2A32 2.924 8anh Intèrest 308 348 Sunthe5 Sub tot81(Gross income forAR) ¢S13 S.457 A$$g14nd Invo¥tm?nt sales, Is•è tablèl. Sub total Total receip A3 Payments ost of funijraising Insurance 674 1,314 ighting Hgatsng 3.906 3,672 Rates epa1rs and M8inien8nce 5,252 &627 elephone and Intetnet 499 799 ater and se4verage 1.656 515 ebsite Illseeze9 afKI ThreeRingsl 376 360 Eatsery and NewspapetS 1.102 898 893 912 Lal c09ts Sub tota 14.7 4 Assèt and investment purchases, Isa• table) Sub tota Total paym Net ofrnwpts/fpayments A5 TranSfS between fund$ 13.897 A6 Cash funds last yaar •nd Cash funds this year en 32.827 26.581 26.581
Section 8 Statement of assets and liabilities at the end of the period Unrestncted funds to nearest É Re8th'cted fund8 Endowmeni funds lu nearest£ Categories Details to rTea £ urTenl Account 582 avin95 ArUnt 2S.971 cash 48 Total cash funds 26,581 <•Jreeb*n .Al($11 unstricted funds 10 neare51 £ Restricted funds Endowrnenl funds to rearest£ Details lo nearest I B2 Other monetsry assots Fund to which asset bg5 Details Cost ltiption811 Current lotyonall 83 Inv•stmgnt assols Fund to asset b9$ Current v81ue loptiorLEII 33,027 Details umrture & EquiprDent Cost (opbonl B4 Assets r¢taln•d for the ¢harity's own use Fund towhich h'aLylity rdates An)Unt du8 loptionall du8 (option) Details BS Llabilltios Signed by ore or two trustees on behalf of all the Iru5tees Signature Print Name Date of roval el Trotrnan Ricky Bell