MEASHAM & DISTRicf COMMUNITY LIBRARY TRUSTEES REPORT FOR THE PERIOD ENDED 31 MARCH 2025 Reference and administrative details of the charity and the trustees The charity is a Charitable Incorporated Organisation whose registration number 15 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 20161 R Ratcliffe (appointed 26 September 20161 J Thorpe Ire-appointed at AGM, 28 September 20211 N McNeil {appointed 22 December 20171 nd N Sale {appointed at AGM, 22 November 20201 th S Clark (appointed at AGM 25 October 20231 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 trustee5 annual report and statement of accounts. Objectives and activities The objectives of Measham & District Community Library {M&DCLI as set out in its constitution are: l. 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 are continuing the fundraising events, and we continue to work with Measham Medical Unit and their Patient Participation groups. We continue to let the library building to third parties, including 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 ten years to fund a minimum of one year's ongoing operational expenditure. st For the year ended 31 March 2025 the charity has a balance of £63,638.00, currently held in a current account and several savings accounts. The trustees are grateful for the continued 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. This is currently under review but we understand that the agreement will continue for another 10 years. We are also grateful for 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 th 7 January 2026
Measham & District Community Library 24/25 Receipts and payments account for the year ending 31 March 2025 RECEIPTS Unrestricted Funds Library income from fines, sales etc. Fundraising Events Rental Income 2024 6,449 3,354 5,602 4,865 4,284 5,225 Co-op grant 2,169 1,309 Bank Interest 1,885 18,867 410 16,094 Restricted Funds S106 drawdown 515 220 515 220 19,382 16,314 PAYMENTS Insurance 3 Rings WIX.com Heat and Lig Water Charges Building & firi Cleaning Facilities Management Expenses Consumables Events Assets S106 expenditure Fees Sundry 994 899 174 162 243 5,593 874 171 11,366 763 1,056 570 2,820 450 902 1,185 612 703 1,951 244 2,102 355 515 380 45 362 47 217 14,226 21,530 NET SURPLUS OF RECEIPTS OVER PAYMEI 5,156 15,217) CASH AT BANK AT 31 MARCH 2025 CASH ON HAND AT 31 MARCH 2025 63,558 80 57,841 50 63,638 57,891
STATEMENT OF ASSETS AND LIABILITIES AT 31 MARCH 2025 CASH AT BANK: H&R BS Sa H&RBSS SantandE SantandE 3.40% 2.00% 1.00% 0.00% 41,567 10,254 6,256 5,481 40,000 10,000 6,192 1,648 CASH ON HAND PETTY CASH 80 50 63,638 57,891 ALLOCATION OF FUNDS Library Funds 100 Club Unbanked Cash: takings Petty Cash 63,373 185 57,639 203 80 50 63,638 57,891 Trustees S Clark R Ratcliffe A DouElas-Lei N Sale N Mc Neil J Thorpe NOTES Interest rates stand as shown in Assets and Liabilities. Reduced over the year in stages. Exceptional costs in 23/24 due to reduced monthly payments in 22/23 & malfunctioning front door. 22/23 service was late (April) so paid for in 23/24 along with 2024 service (£912 each) Approximaton of 100 club prizes to be paid out September 2025