2025-03-31-accounts - Levenshulme Old Library

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Charity No:1165870

Levenshulme Old Library

Financial Statements For The Year Ending 31st March 2025

Levenshulme Old Library Contents

	Page
Independent Examiners Report	1
Income and Expenditure Account	2
Balance sheet	3

Independent examiner's report to the trustees of Levenshulme Old Library

I report on the accounts of Levenshulme Old Library for the year ending 31 March 2025, which are set out on the following pages.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

-examine the accounts under section 145 of the 2011 Act;
follow the procedures laid down in the general Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Name: Helen J Guest ACMA, CGMA

Address: 482 Liverpool Road, Ainsdale, Southport, PR8 3BB

Date: September 29th 2025

Levenshulme Old Library Income and Expenditure Account for the year ended 31 March 2025

Income Operating Activities To Generate Funds: Fundraising Activities CJRS Grants Grants Donations Room Hire Expenses Advertising/Marketing Audit/Accounts Bad Debt Provision Bank Fees Cleaning Consultancy Depreciation Donations Employers NI Entertainment 100% business General Expenses Insurance Legal Expenses Light, Power, Heating Pension Postage Rates Repairs & Maintenance Salaries inc Freelancers Stationary & Printing Subscriptions Telephone Training Net Surplus	2025 152 - 26,288 584 42,123 69,147 510 273 - 300 1,884 1,200 752 - - 20 7,503 873 - - 672 124 618 7,578 55,817 (394) 2,111 787 - 80,628 (11,481)	2024 739 - 42,570 950 32,754 77,013 7,157 197 450 156 1,927 - 752 250 902 171 14,577 856 - - 251 736 1,376 41,916 1,171 2,141 834 600 76,420 593

Levenshulme Old Library Balance Sheet As at 31 March 2025

Assets Fixed Assets Bank/building society balances Cash in hand Debtors Liabilities Income Received In Advance PAYE Payable Other liabilities and accruals Funds Total Funds B/F Net Surplus	2025 £ 1,647 42,829 - 4,937 49,413 10,884 634 650 37,245 46,726 (11,481) 35,245	2024 £ 2,398 48,652 - 1,527 52,577 2,370 1,851 1,630 46,726 46,133 593 46,726

Levenshulme Old Library CIO

Trustees’ Annual Report and End of Year Financial Statement 2024/25

The trustees of Levenshulme Old Library CIO present their report and the financial statements for the year ended 31 March 2025.

Objectives and Activities

Levenshulme Old Library exists to preserve and animate the historic library building as a community and cultural hub for Levenshulme and the surrounding area. Our objectives are to:

Provide accessible, affordable spaces for local groups, artists, and community organisations.
Deliver cultural and educational programmes for children, young people, and families.
Support wellbeing, social connection, and inclusion through community-led activity.

Achievements and Performance

During 2023/24 we:

Welcomed a wide range of local community groups, schools, and cultural organisations to use the building.
Delivered children’s theatre, early years arts sessions, and community events.
Supported the development of new partnerships, including with local schools and grassroots organisations.
Carried out essential repairs and maintenance to ensure the building remains safe and accessible.

Financial Review

The charity’s income for the year was £69,148 , compared with £77,014 in 2024/25. Income comprised room hire and trading income, tenancy contributions, grants, and community donations.

Expenditure for the year was £80,628 (2022/23: £76,420), reflecting increased freelance support for projects and essential building repairs.

The draft accounts therefore show a deficit of £11,480 for the year. Part of this deficit reflects adjustments in how project balances have been carried forward. The trustees have worked with the accountant to ensure clearer distinction between restricted and unrestricted funds in future reporting.

The trustees are confident that the charity remains a going concern. Systems for financial reporting have been strengthened, with improved project coding in Xero and quarterly restricted/unrestricted fund reporting to the board.

Reserves Policy

The charity aims to hold sufficient unrestricted reserves to cover at least three months of core running costs. At year end, reserves were above this target.

Plans for Future Periods

In 2025/26, the charity will:

Expand its cultural programme, including theatre, early years, and family events.
Continue to improve building facilities and accessibility.
Strengthen financial resilience by diversifying unrestricted income streams.
Deepen partnerships with schools, community groups, and cultural organisations.

Structure, Governance and Management

Levenshulme Old Library is a Charitable Incorporated Organisation (CIO) governed by its constitution. Trustees are appointed in accordance with the governing document.