2024-03-31-accounts

Measham & District CommunityLibrary 23/24 Receipts and payments account fortheyear ending 31 March 2024 RECEIPTS Unrestricted Funds Library incomefrom fines, sale5 etc. Fundraising Events Rental Income Warm place5 Co-op grant Bank Interest 2023 5,879 4,284 5,225 5,504 1,222 5,304 1,576 1,309 410 17,107 iii 13,716 Restricted Funds S106 drawdown 220 220 17,327 13,716 PAYMENTS Insurance 3 Rings WIX.com Heat and Light Water Charges Building & firesecurity Cleanin8 Facilities Management Expenses Consumables Events . Assets S106 expenditure Fees Sundry Warm place 899 162 171 11,366 763 2,820 450 1,185 612 2,102 355 380 47 217 844 145 3,930 606 503 2,173 745 1,158 488 195 99 1,336 12,223 21,530 N￿SURPLUs OF RECEIPTS OVER PAYMENTS {4,203) 1,493

CASH ATBANKAT31 MARCH 2024 CASH ON HAND AT31 MARCH 2024 57,841 50 62,064 30 57,891 62,094 STATEMENTOF ASs￿SAND LIA81LITIE5 AT31 MARCH 2024 CASH AT BANK: H&R BS Savings a/c H&R BS Savings a/c Santandersavings a/c Santander Current a/c CASH ON HAND P EFtY CASH 4.050A 2.65°A 40,000 10,OOD 6,192 1,648 57,782 4,282 0.00% 50 30 62,094 57,891 ALLOCATION OF FUNDS Library Funds 100 Club Unbanked Cash." takings Petty Cash 57,639 203 61,874 190 50 57,891 30 62,094 Trustees Sclark A Douglas-Lee N Mc Neil NOTE5 R Ratcliffe Nsale J Thorpe Interest rates stand as shown i n A55ets and Liabi l ities Increasein cost plusextra usewhilemain doorwasfaulty 22123 service was late (April) so paid for in 23/24 along with 2024 service (£912 each) September.

MEASHAM & DISTRICT COMMUNITY LIBRARY TRUSTEES REPORT FOR THE PERIOD ENDED 31 MARCH 2024

Reference and administrative details of the charity and the trustees

The charity is a Charitable Incorporated Organisation whose registration number is 1167493.

The charity is registered at High Street Measham DE12 7HR.

The trustees in place at the date of approval of this report are:

A Douglas-Lee (appointed 26 September 2016)

R Ratcliffe (appointed 26 September 2016)

J Thorpe (re-appointed at AGM, 28 September 2021)

N McNeil (appointed 22 December 2017)

N Sale (appointed at AGM, 22[nd] November 2020)

S Clark (appointed at AGM 25[th] October 2023)

Structure, governance and management

The charity was constituted as a Charitable Incorporated Organisation under a formal written Constitution on the 6 June 2016.

The Constitution requires that there should be no less than three and no more than eight trustees at all times. It also requires that one third of all trustees retire at each biennial general meeting by rotation.

New trustees are provided with a copy of the current constitution together with a copy of the CIO’s latest trustees annual report and statement of accounts.

Objectives and activities

The objectives of Measham & District Community Library (M&DCL) as set out in its constitution are:

1. The provision of a public library in Measham and the surrounding area and communities.

2. To promote, for the benefit of the residents of Measham and the surrounding area and communities, the provision of a public library for recreation and 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.

3. To advance the education of the public in Measham and the surrounding area and communities by operating and managing a lending library.

Activities undertaken by the charity in accordance with the above objectives comprise principally the operation of a volunteer run lending library and fundraising events, together with hiring of the

premises to third party groups for the benefit of the community. All activities are undertaken in the interests of public benefit.

Achievements and performance

M&DCL continues to work with a splendid team of loyal volunteers that deliver excellent support to the library users.

The library remains in a strong financial position. M&DCL have now resumed the fundraising events, and we continue to work closely with Measham Medical Unit and their Patient Participation groups.

The charity’s letting arrangements with third parties have resumed. Currently we have Knit & Natter, Stroke and Disability, a Sewing Group, The Welcome Club (activities for the elderly) and a Book Club.

Financial Review

M&DCL have accumulated sufficient cash reserves over the last nine years to fund a minimum of one year’s ongoing operational expenditure now that the Leicestershire County Council grant has ended, (as under the terms of the LCC Grant Agreement).

For the year ended 31[st] March 2024 the charity has a balance of £57,841.00 (including Current Account £6,335.62 and Savings Accounts £6,240.02 and £45,265.36). The trustees are particularly grateful for the continuing support from Leicestershire County Council, including access to the Council’s book stock and operating systems, and through a lease for the library premises at a peppercorn rent for a period of ten years and to the generous support given by North West Leicestershire District Council.

All the charity’s funds are unrestricted.

A Douglas-Lee

N McNeil

R Ratcliffe

N Sale

J Thorpe

S Clark

10[th] January 2025