2022-03-31-accounts - Friends Of Tottington Library

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REGISTERED COMPANY NUMBER: CE012533 (England and Wales)
REGISTERED CHARITY NUMBER: 1176071

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Friends Of Tottington Library

Anthony Marshall Ltd
Chartered Accountants
70 Market Street
Tottington
Bury
Greater Manchester
BL8 3LJ

Friends Of Tottington Library

`Contents of the Financial Statements for the Year Ended 31 March 2022`

		`Page`
`Report of the Trustees`	`1`	`to`	`2`
`Independent Examiner's Report`		`3`
`Statement of Financial Activities`		`4`
`Balance Sheet`	`5`	`to`	`6`
`Notes to the Financial Statements`	`7`	`to`	`11`
`Detailed Statement of Financial Activities`		`12`

Friends Of Tottington Library

for the Year Ended 31 March 2022

`Report of the Trustees`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended31March2022.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Company number`

CE012533 (England and Wales)

`Registered Charity number`

`Registered office`

Tottington Library
Market Street
Tottington
BL8 3LL

`Trustees`

M Price
J Barber
A Watkiss
C McManus
S Burns
M Cliffe
P Neininger
K Ashton
C Hurst
J Houldsworth

`Independent Examiner`

Anthony Marshall Ltd
Chartered Accountants
70 Market Street
Tottington
Bury
Greater Manchester
BL8 3LJ

Approved by order of the board of trustees on 30 August 2022 and signed on its behalf by:

Page 1

Friends Of Tottington Library

Report of the Trustees
for the Year Ended 31 March 2022

C McManus - Trustee

Page 2

Independent Examiner's Report to the Trustees of
Friends Of Tottington Library

`Independent examiner's report to the trustees of Friends Of Tottington Library ('the Company')`

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

`Responsibilities and basis of report`

As thecharity'strusteesof theCompany(andalsoitsdirectorsforthepurposesof companylaw)youareresponsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andareeligibleforindependentexamination,I reportinrespectofmyexaminationofyourcharity'saccountsas carried
outundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

`Independent examiner's statement`

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Anthony Marshall
Anthony Marshall Ltd
Chartered Accountants
70 Market Street
Tottington
Bury
Greater Manchester
BL8 3LJ

30 August 2022

Page 3

`Friends Of Tottington Library`

`Statement of Financial Activities for the Year Ended 31 March 2022`

				`31.3.22`	`31.3.21`
		`Unrestricted`	`Restricted`	`Total`	`Total`
		`fund`	`fund`	`funds`	`funds`
	`Notes`	`£`	`£`	`£`	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`		`31,084`	`-`	`31,084`	`39,681`
`EXPENDITURE ON`
`Raising funds`
`Raising donations and legacies`	`2`	`37,213`	`-`	`37,213`	`45,032`
		`37,213`	`-`	`37,213`	`45,032`
`Other`		`824`	`-`	`824`	`-`
`Total`		`38,037`	`-`	`38,037`	`45,032`
`NET INCOME/(EXPENDITURE)`		`(6,953)`	`-`	`(6,953)`	`(5,351)`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`		`52,178`	`-`	`52,178`	`57,529`
`TOTAL FUNDS CARRIED FORWARD`		`45,225`	`-`	`45,225`	`52,178`

The notes form part of these financial statements

Page 4

Friends Of Tottington Library

`Balance Sheet`

`31 March 2022`

				`31.3.22`	`31.3.21`
		`Unrestricted`	`Restricted`	`Total`	`Total`
		`fund`	`fund`	`funds`	`funds`
	`Notes`	`£`	`£`	`£`	`£`
`FIXED ASSETS`
`Tangible assets`	`5`	`7,743`	`-`	`7,743`	`12,729`
`CURRENT ASSETS`
`Debtors`	`6`	`1,600`	`-`	`1,600`	`726`
`Cash at bank and in hand`		`35,882`	`-`	`35,882`	`38,723`
		`37,482`	`-`	`37,482`	`39,449`
`NET CURRENT ASSETS`		`37,482`	`-`	`37,482`	`39,449`
`TOTAL ASSETS LESS CURRENT LIABILITIES`		`45,225`	`-`	`45,225`	`52,178`
`NET ASSETS`		`45,225`	`-`	`45,225`	`52,178`
`FUNDS`	`7`
`Unrestricted funds`				`45,225`	`49,208`
`Restricted funds`				`-`	`2,970`
`TOTAL FUNDS`				`45,225`	`52,178`

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 March 2022.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

continued...

Page 5

Friends Of Tottington Library

Balance Sheet - continued
31 March 2022

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon30August2022and were
signed on its behalf by:

C McManus - Trustee

The notes form part of these financial statements

Page 6

Friends Of Tottington Library

Notes to the Financial Statements
for the Year Ended 31 March 2022

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordancewith the Financial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Companies
Act 2006. The financial statements have been prepared under the historical cost convention.

`Income`

All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds,it is
probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
the amountof the obligationcanbe measuredreliably.Expenditureis accountedforon an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.

`Tangible fixed assets`

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & equipment- 25% reducing balance
Computer equipment- 33.3% straight line

`Taxation`

The charity is exempt from corporation tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybe usedforparticularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

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Friends Of Tottington Library

`Notes to the Financial Statements - continued`

`for the Year Ended 31 March 2022`

`2. RAISING DONATIONS AND LEGACIES`

`RAISING DONATIONS AND LEGACIES`
	`31.3.22`	`31.3.21`
	`£`	`£`
`Support costs`	`37,213`	`45,032`

`3. NET INCOME/(EXPENDITURE)`

`Net income/(expenditure) is stated after charging/(crediting):`
	`31.3.22`	`31.3.21`
	`£`	`£`
`Depreciation - owned assets`	`5,443`	`4,269`

`4. TRUSTEES' REMUNERATION AND BENEFITS`

There were no trustees'remunerationor otherbenefitsfor the year ended31 March2022 nor for the year ended
31 March 2021.

`Trustees' expenses`

There were no  trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

`5. TANGIBLE FIXED ASSETS`

`Fixtures` `Computer` `& equipment` `equipment` `£` `£` `COST` `At 1 April 2021` `11,255` `10,854` `Additions` `457` `-` `At 31 March 2022` `11,712` `10,854` `DEPRECIATION` `At 1 April 2021` `3,757` `5,623` `Charge for year` `1,960` `3,483` `At 31 March 2022` `5,717` `9,106` `NET BOOK VALUE` `At 31 March 2022` `5,995` `1,748` `At 31 March 2021` `7,498` `5,231`	`Totals` `£` `22,109` `457`
	`22,566`
	`9,380` `5,443`
	`14,823`
	`7,743`
	`12,729`

continued...

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Friends Of Tottington Library

`Notes to the Financial Statements - continued for the Year Ended 31 March 2022`

`6.`	`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
				`31.3.22`	`31.3.21`
				`£`	`£`
	`Prepayments and accrued income`			`1,600`	`726`
`7.`	`MOVEMENT IN FUNDS`
				`Net`
				`movement`	`At`
		`At 1.4.21`		`in funds`	`31.3.22`
		`£`		`£`	`£`
	`Unrestricted funds`
	`General fund`	`52,178`		`(6,953)`	`45,225`
	`TOTAL FUNDS`	`52,178`		`(6,953)`	`45,225`
	`Net movement in funds, included in the above are as follows:`
		`Incoming`		`Resources`	`Movement`
		`resources`		`expended`	`in funds`
		`£`		`£`	`£`
	`Unrestricted funds`
	`General fund`	`31,084`		`(38,037)`	`(6,953)`
	`TOTAL FUNDS`	`31,084`		`(38,037)`	`(6,953)`
	`Comparatives for movement in funds`
				`Net`
				`movement`	`At`
		`At 1.4.20`		`in funds`	`31.3.21`
		`£`		`£`	`£`
	`Unrestricted funds`
	`General fund`	`57,529`		`(8,321)`	`49,208`
	`Restricted funds`
	`General Fund`		`-`	`2,970`	`2,970`
	`TOTAL FUNDS`	`57,529`		`(5,351)`	`52,178`

continued...

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Friends Of Tottington Library

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

`7. MOVEMENT IN FUNDS - continued`

Comparative net movement in funds, included in the above are as follows:

`Incoming`	`Incoming`	`Resources`	`Movement`
`resources`		`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`36,711`	`(45,032)`	`(8,321)`
`Restricted funds`
`General Fund`	`2,970`	`-`	`2,970`
`TOTAL FUNDS`	`39,681`	`(45,032)`	`(5,351)`
`A current year 12 months and prior year 12 months combined position is as follows:`
		`Net`
		`movement`	`At`
`At 1.4.20`		`in funds`	`31.3.22`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`57,529`	`(15,274)`	`42,255`
`Restricted funds`
`General Fund`	`-`	`2,970`	`2,970`
`TOTAL FUNDS`	`57,529`	`(12,304)`	`45,225`

A currentyear12 monthsandprioryear12 monthscombinednetmovementinfunds,includedintheabove are
as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`67,795`	`(83,069)`	`(15,274)`
`Restricted funds`
`General Fund`	`2,970`	`-`	`2,970`
`TOTAL FUNDS`	`70,765`	`(83,069)`	`(12,304)`

continued...

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Friends Of Tottington Library

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

`8. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 31 March 2022.

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Friends Of Tottington Library

INCOME AND ENDOWMENTS
Donations and legacies
External funders
Donations
Rental income
Fundraising
Grants
Total incoming resources
EXPENDITURE
Support costs
Management
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Cleaning and waste
Repairs and renewals
Finance
Depn of fixtures & equipment
Depn of computer equipment
Information technology
Computer costs
Other
Donations
Total resources expended
Net expenditure Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
31.3.22
31.3.21
£
£
3,064
3,287
4,864
2,845
18,307
8,175
4,849
374
-
25,000
31,084
39,681
31,084
39,681
2,183
1,191
2,173
4,886
6,702
5,981
372
1,447
193
345
4,232
2,849
2,414
1,753
10,839
20,466
29,108
38,918
1,960
732
3,482
3,538
5,442
4,270
1,487
1,844
2,000
-
38,037
45,032
(6,953)
(5,351)

This page does not form part of the statutory financial statements

Page 12