FRIENDS OF FLECKTrIEY LIBRARY Chari No: 116557 FINANCIAL STATEMETr4TS - for the year ended- 31ST MARCH 2024 JOHfq BIRD Chartered Accountants 26, Brookfield Street Syston LEICESTER LE7 2AD FRJINDS OF F￿cl{l¥£y LIBRARY ITADEX TO FINANCL4L STATfi MENrs rioli THE YEAR ENDED 31ST MAIiCH 2024 Page Report of the trustets Legal and admini5trdtive details Report of the indepcnd¢nt examiner Accounting policies io Statement of financial activities li Balance sheet 12-13 Notes to the financial statements Trustees. Annual Report for the period Period start date Period end date onth Day Month arch ear From 023 024 Section A Reference and administration details Charity nam e Friends of Fleckney Library Other names charity is known b 1. TFOFL 2. Fleckney Community Library Registered charity number (if any 1165571 Charity's principal address Fleckney Community Library chool Street Fleckney Postcode E8 8AS Names of the charity trustees who manage the Charity Dates acted if not forwhol8 ear Name of person lor bodyl entitted to f>lnt trustee if an TFOFL Members Trustee name Office lif any) Linda Marshall stephen Robson Andrew Weatherby Stephen Bilbie Janet Earwaker Chairman VI￿ Chairman As above Treasurer As above As above As above Ruth Hughes Fran Hutchinson Jennifer MGNair Jill Richardson Kathy Rudge Beinie Stribling Wendy Vvhiling Names of the trustees for the charltyy if any, (for example, any custodian trustees) Name Dates acted if not for whole ear None As above As above As above As above 10 As atsove As above 12 As above Names and addresses of advisers {Optional informationl e of adviser Name Address IA Name of chief executive or names of senior staff members (Optional information) NIA TAR November 2024 Section B Structure. governance and management Descrlption of the charity's trusts Type of goveming documen le.g. trust deed. conslilulionl onstitution How the charity is constituted le.g. trust, association, Company Charitable Incorporated Organisation (Association) Trustee selection method le.g. appointecl by, elected by) Founding Trustees came forward as volunteers from the community. rustees to be elected by Charity Members 8t subsequent Annual General Meetings of the Charity in accordance with the Constitution. Additional governance issues (Optional information) The Founding Trustees are a voluntary group who took over the running of Fleckney Library from Le1￿$te[sh]re County Council (LCC) on 7 March 2016 on a 10 year lease and grant agreement. We were part-funded by grants from LCC until March 2022 and continue to receive in-kind support for some services lincluding provision of public computer IT servicesl 2nd remain part of the LCC Library Service. The Charity musl develop its own income generation streams to ensure future sustainability. We have recruited and manage a team of volunteers to help us deliver library services in Fleckney and several of the Trustees are actively involved in the day-to-day operations of the library as Lead Volunteers. We are part ofthe county-wide network of Community Managed Libraries and Trustee representatives meef quarterly with representalives from a cluster of local CMLS, attended by LCC Support Officers. You may choose to include additional information, where relevant. about.. policies and procedures adopted for the induction and training of truslees., the charity's organisalional structure 2nd any wider ne￿Ork with which the charity works., relationship with any related parties., trustees, consideration of major risks and the system and procedures to manage them. The challenges we face will be: Increasing room hire and activities at the library to improve income generation. Retention of existing & recruitment of new volunteer workfor¢e for future sustainability. Preparations for renewal of Ihe leas8 arrangem8nts with LGC by March 2026. Section C Objectives and activities l o advance the educatlon OT the general publiG in FleGkney in Leicestershire and the surrounding area. in particular but not exclusively, by the provision of a volunteer-run community managed library providing access to community education and opportunities for leaming. Summary of the objects of the charity set out in its governing document 2. To promote for the benefit of the residents of Fleckney and the surrounding area the provision of a public library for recreation and or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said residents TAR November 2￿24 The main activities undertaken for public benefit in relation to the ChaTity's objects are.. 1.Operation of a publiclonding library and agsociatod gctivities and services 2.Provision of reSoUr￿S and IT facilities, delivery of recreational and educational events and servlces for the benefit and erijoyrTi¢iII of the local community 3.Provision of facilities for user groups and other hirers. Summary of the main activities undertaken for the publlc beneflt In relatlon to these objects (include within this section the statutory declaration that trustees have had regard to the guldance issued by the Charity Commission on publi¢ bonefst) The library has become an integral part of the community, engaging effectively with other local groups and organisations. The Trustees declare that we have had dug regard to the guidance issued by the Charity Commission on public benefit and confirm that all our operations and activities are in accordance with such guidan￿. Additional detalls of objectives and activities (Optlonal information) The Char(ty is not a grant-making organisation. The Charity does not currently hold any investments. You may choose to include further statements, where relevant, about: policy on grantmaking. policy pragramme relaled investment- Our volunleers make a significant and much-valued contribution to the successful running of the library and the Charity is dependent on and grateful for their commitment of time, help and support. The Charity has no employees and none ofthe trustees orvolunteers is paid or remunerated, other than the reimbursement of reasonable expenses and expenditure on behalf of the Charity. contribution made by volunteers. Section D Achievements and performance TAR November2024 Section D Achievements and performance Summary of the main achievements of the charity during thc ycar AGhievement3 and initiatives of tha Charity over the last yÈar: Retention of a knowledgeable board of 12 Trustees. Retention of a core group of original charfty volunteers who have been actively involved in delivery of library services and recruilment of 3 new volunteers. Successfully supporting 2 Duke of Edinburgh Award student volunteers this year- one Bronze award completed and a Gold Award student recruited November 2023 on an 18 month placement, Good relationships & support among trustees and active volunteers very much a community team effort where everyone's contribution is valued and appreciated. Monthly meetings of Trustees supported by a volunteer secretary. The 8 Anniversary of the Community Managed Library was celebrated with a coffee morning and a sale in March 2024. Libra erfOrman￿.. Total library books issued in the year 1 April 2023- 21 March 2024.. 11202 Total number of new library joiners: 223 Total number of active borrowers: 530 The Reading Agency's Summer Reading Challenge 2023 attracted 148 children aged 4-11 years to take part with 114177 %] GUITipl¥liiig the Ghallenge to read 6 books ovcr tho tschool 8ummor holidays. Th8 weekly Little Ducklings Story fime was extended to include a Stay-&-Play session last year and attendance has increased thib year. Several sales of books, toys and brio-a-brac also took Place this year, fundraising for the charity. We now have a selection of handmadc craftts and gift itams for s21e, genorating commission income for the ¢harity. Weekly Knit & Natter Drop-ln session continues to be increasingly well-attended. A Baby Sensory franchise has continued to regularly hire facilities at thg library with up to 12 parents and their babies altending each session. New Life Church's weekly free 'Lunch at the Library, for the local cornmunity has been very much enjoyed, including community Christmas Lunch, wilh up to 20 people attending each week. NHS Health Visitors have hired the meeting room for 4 week Let's Get Talking, sessions, typically supporting 6 8 families and Novernber 2024 TAR Section D Achievements and performance their Lliildi-en. The Fleckney Gardening Group held their annual plant sale in Ihe summer and the Ilbrary took Vnetary donations and gifts are included in full in the siatemcnt of fmancial activities whcn rcceived. Activitles for generatlng funds Income is included when received. Investment Income Investment income Ts recognised when received. BESOiJRCES EXPETr4DED Exp¢ndibJre is charg¢d on a payment basis. Tangible r￿ed assets Depreciation is provided at the following annual Tates to write down each asset over its pstimated use￿1 life: Fixttwes and fillnitUTe '. 3 years straight line FUND ACCOUNfJNG Ujjrestricted funds are donations and other incoming resources re¢eived or genernted for expenditure on the geneig1 obj?.ptivp.% nf the Charity. VALIJE ADDED TAX (VAT) All items of expenditure are shown inclusive of VAT, as the charity is unable to recover this. FIUENDS OF ELECI