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