**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
1
## **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|
|---|---|---|
2
## **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|
|---|---|---|
3
## **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.