Boroughbridge Area Community Library Association Annual Report to Trustees & Accounts for the year to 31" March 2024 BACLA ended the year with a cash and bank balance of £32,008 being a decrease of £7,867 for the full year. Although there was a 12 % increase in invoiced receipts (Jubilee Room and office rental) and a 9 % improvement in library cash and card sales, these were outweighed by very large increases in payments for electricity (82 % ) and for gas (18 % ). In addition, the charity had to replace one of the boilers in the building at a cost of £3,572 which was funded by a capital grant received in an earlier year. Whilst reserves of £21,452 will meet the short term needs of refurbishment and operating shortfalls, the trustees recognise the need to identify additional sources of income during the remaining contract period with North Yorkshire Council in order to maintain the current levels of library service provision to the community. To be approved by the trustees after external examination and before 30th November 2024. Signed on behalf of the trustees by Jan Seymour, Chairman and Nic Holmes, Treasurer
Boroughbridge Area Communlty Library Association Balance Sheet As at 3110312024 Cash basis 31103r2024 3110312023 Assets Accounts receivable (66) 31,863 145 Cash at bank 39,700 176 Cash on hand Total - Assets 31,942 39,875 Liabilities Granls 10,490 19,009 Net assets 21,452 20,866 Equity Retained Surplus 21,452 20,866 Total equity 21.452 20,866 /5phiN4a4rff AI. / a /&/ &LM<K4ko f&z
Boroughbridge Area Community Library Association Receipts & Payments Summary For the period from 0110412023 to 31/03/2024 31103r2024 3110312023 Receipts Accounts receivable 7,640.00 6,760.00 525.00 Donations Events Income 130.00 Grants 67.60 Interest 327.57 Library Cash Till Sales Library Cashless (Card) Sales Library RFID Sales Sundry Sales Total - Receipts Less: Payments Bank charges Cash discrepancies Cleaning Computer & IT Electricity Events Expenditure Gas 1,365.72 1,505.23 1,351.74 596.25 759.42 680.55 120.85 200.00 11,272.16 10.757.77 70.05 78.13 2.00 2,238.00 2,769.60 36.37 5,223.17 406.94 2,864.69 110.54 4,126.21 167.05 3,494.29 106.39 Goods for resale Insurance 301.51 301.51 Library Sundries Licenses 829.46 747.55 154.80 271.20 Non Domestic Rates 136.00 Rent 1,000.00 4,423.57 198.34 1,000.00 1,440.95 150.52 Repairs and maintenance Water Total - Payments 19,139.10 13,509.74 Net increase (decrease) in cash held (7,866.94) 12,751.971 Cash at Ihe beginning of the period 39,875.15 42,627.12 Cash al the end of the period 32,008.21 39,875.15