Ch*rhy CoThmtsslon Reference Nymber= 1176729
NEW SURREY PERFORMING ARTS LIBRARY
TRUSTEES. ANNUAL RKPORT AND ACCOUNTS
FOR THE FINANCIAL YEAR I APRIL 2024 TO 31 MARCH 2025
BULLIMORES LLP
Chartered Accountants
Old Printers Yard
136 South Sireet
Dorking
SutTey iiH4 2HF

P*ge I
NEW SURREY PERFORMING ARTS LIBRARY
SIGNIFICANT INFORMATION
FOR THE FINANCIAL YEAR I APRIL 2024 TO 31 MARCH 2025
TRUSTEES:
Carol Hall {resigned 21 January 20251
Su King51ey
Peter Linnitt
Sharon Moloney
Paul M¢K&y
Kate MLWhirter
Jackie Rance (appointed 21 January 20251
Ge5 Ray
Mark Welling
REGISTERED OFFICE.. Bourn¢ Hall
Spring Strc¢t
Ewtll
KT17 IUF
BANKERS:
CAF Bank
Accour4TANTS:
Bullimores LLP
Old Printers Yard
156 South Strtti
thrking
Surrey
RH4 2HF

P*ge 2
EW SURREY PERFORMING ARTS LIBIL4RY
TRUSTEES, REPORT
FOR THE FINANCIAL YEAR I APRIL 2024 TO 31 MARCH 2025
STRUCTURE. GOVERNANCE AND MANAGEMENT
N•4. 8urrcy P¢rloTmin8 Arts Library I"NewSPAL or the "CIO") Ivos fomied on 18 January 2018 as a chan￿ble
InCOr￿￿ted Or8anisation and is 8ov¢rncd by a constitution based on Ihl boundaiion model for Clos. Apart from Ihe firs1
Trustees. Every 'l'rustec must bc appoinied lor o Lemi uf ihrec y¢ars by A r¢501ution pa55¢d ai a properly convtned mceting
of ihe Trusws.
'I'he I'rusi¢cs listed akK>ve hove. where nL)i tsih¢rwisc specificd, been duly appoinied or r¢appoiniLd for
Ihree-yeBr ierms Sn accoNlonce with this r¢quiremcnt.
oWE￿IVEs AND ACTIVITIES
The CIO'S objcciSv&$ are ihe promt)iion, improvement. devclopmeni and maintenance of public educaiion in. llnd Ihe
•ppr¢cialion of. Ihe ori and scienLe ol-music, drarna llnd other p¢rformiDg art5 Ihrou8h the provision of a lend￿8 library ol.
musical, dramatic and oiher pcrf(>mitn8 arts matLrial lii¢rgiure. In s¢iiin8 uur objeLtives. the Trusl¢rs h#ve cunsid¢Ted
the Chyriiy Commission's public benef)1 guidance.
ACTIVITY DURING THE ACCOUNTING PERIOD
Thc A¢¢ountin8 period covers Ihe Second full year of operalions ds a hire or ILnding library of perforniing 8ris rnaieriols
lor¢h¢siTal 8¢ts. Lhoir scts. oihcr sheeL rnusic, play sci% and books relaiing ¢0 all Ihc perfornin8 arttsl. Pursuanl lu
agr¢¢rncnL% Wlth Siirrcy Lounly Counctl I'SCC l NCWSPAI. lil o¢cupic5 ¢Crtain dedi¢aicd spoce %vithin r.well Library
l¢ontribuiin8 on an agrced basis iu Ihv propcriy-r¢.lalLQ uverheads atLributable to thai spKe) #nd lil) manases on a ivholly
indcp¢ndent b8si5 the collLLtion of p¢rforninB arLs n)dteTials ownc(l and ftsmierly rnanagLd by SCC as well u5 Sto¥k
acquired by NLWSPAL or donatcil LO il. -I'hc a8rcLmcnis' wilh SCC werc for on iniiilll Irilll pcriod ivhich ended on 22
Augu$¢ 2024 and 5inc¢ Lhen. Ivith Ihc agreement of SCC, the arrangcments applying durin8 th¢ trial pcriod have continued
{se¥ furthcr aboui locg18ovemmenl r¢or8anlsAiion below).
Key developmcnt¥ during the aceounting period w¢re the following:
102 new groups {drawn from aLf055 thc Unilcd Kingdom) r¢sist¢red 05 8roup FK)rrowLf3 during lh¢ a¢¢ounting
period. Ai 31 March 2025 NeivSPAI. had.. 447 re815(L￿d mubi¢ 8roup ￿rrow￿r$. 57 rLgistered play group
borrowers,. and 148 r¢gi5ltred individual borrower5. Group knm)wer5 pay a one•oIY rL8isiraiion fc¢ allcr which
Ih¢y IUSL pay for slo¥k thcy bom)w {i,e. ther¢ Is no annusl sub$¢riplTonl ond any &s5ociated p051 and packa8ing
rhor8es.
Individual fflLmbcr5 pay an Hnnual subscription Jnd may Ihcn ￿)rroW bo(>ky or shect rnusi¢ lup to
5￿cifiC￿ lirnlisl withou¢ furihcr fyharge. Wc albo lend direcily io publi¢ librarie5 ￿lIonwide via interlibrary loans,
Jnd ihis repTesLnts inLreasin8 pcrcenift8c olour hire incorn¢.
NewSPAL ben¢fiiicd frorn a number Dldonaliuns of sioLk lin¢ludin8 or¢he5tral and chordl 5e151 which hav¢ bccn
-dLlcd io thc coll--tiDn. lii auditloli , Joillk Ik￿111) j111￿1¥￿ill¥ ¥iiu >ii¥rl mu¥i¥j wnicn werL n(>1 requir¢(l a5 Part
of our stock were mod¢ available to the Bencral public llnd a rnodest ornount ofdottlliions wer¢ 8iven 10 5UPW)rt
opcrations.
-rhe CIO'S Lohort of uppmximately 20 volunlrers has provided imrKtrtoni 5UPPOrt to Ihe {s&18ried) Library
MaftageT and Depuiy Library Mano8er as well as ¢oniinuin8 to work on a ¢omprchcnsivc revicw ()f the cthwlo8UC
entries to provid¢ enhanced inr0rrn￿tiOn for users. A numbcr of ncw and valued volunteers hllve Join￿ us during
the financial periud.
In Junuary 2024 Carol H811. A foundlng Iru5tee of NCWSPAL, rcsigned tu ￿mLentrate on hcr oiher In￿rest5. As on
¢xpcrienLed IhLaLrc dir¥cLor, mana8¢r 8nd actor, her intLrest in Ihe draTna side of Ihc NewSPAL pariicularly
valu&ble. We hav¢ been fonunaie 10 idcniify a5 a new Irusi¢c JaLkie Rgnce who, with ihe benefit of a long
Ertglitsh and drama i¢aching ¢aTeer 4nd experience running pl&y-reading groups. will tocus her atteniion on
developin8 our offering for drnmB and pl2y-readin8 groups.
In February 2025 the Govcmmenl announcrd thal lo¢al allthorities in Surrey would be in Ihe first wave of local
80vemmefii rEorganisatiun iovolvin8 the aboliiion of SCC and the district counci18 wiihin the county of Surrey
and Ihcir replacement by LWO l(>r wssibly ihrccl new unitary auihorilies. N¢i¥SPAI. ¢urrcnily occupi¢s spare in a
5CC library which itself is in a building oivned and managed by Lpsom and Ewell Borough Council.
subsianiial part of thc collc¢tion which NewSPAL indepcndently Man08L￿ continue5 tv bc o¥i'ned by SCC. As
part of Ihis rwrganisaiion. which 15 expecÉ¢d to bc romplcicd by 2027. Ihe SCC library service is expe¢t¢d to be
disa88regaied and owncr5hip and ¢ontrol of the building i¥iihin which Ne%vSPAL operdt¢S 15 expe¢ied to be
tran5f¢rred to onc of the new uniiary auLhorities. 11 is not yet known how local govcrnmeni reor8anisation ivill

Page J
NEW SURREY PERFORMING ARTS LIBRARY
I'RUSTEES. REPORT Icorttlnued)
FOR THE FINANCIAL YEAR I APRIL 2024 TO JI MARCH 2025
AcfiviTY DURING THE ACCOUNTING PERIOD leoiitinued)
affeci NeivSPAI.'5 occupanq of is present premises or ownLr5hip of the part of Ihe collection which is cunrntjy
siill v¢stvd in SCC. NewSPAI. will wntinue 10 uccupy its wemises and manage the colleciitsn on the current basis
uniil Ihc full implications for li ol. Ihc r¢Y*rgaiisatiun are known and will rhcn scek t() negotiate sirnilar
arrangemenis wilh ivhat¢v¢r new uniiary authoriiy cm¢rges.
In IMar¢h 2(J25 Ihc coniraL'I whieh Ne%vSIJAI. iviih Noitingham City L(kuncil for the hostin8 and rnaintenan¢¢
of 118 principal operating 5yStetn was extended for a further thr¢e years.
FINANCIAL REVIEW
The accoun(in8 pcriod ¢oveT5 the second full year of operaiions by NCWSPAL 2nd, occordin8ly, direct compari50n of
r¢'sults from operations in the previoy5 accounting periud is now possible.
lThroughoui (he accounting pvrlod NLi%SPAI. ha¥ brcn gcneraling incoml from optraiion5 whilc Slill bencfilting from
d()naiions lincludin8. i¥herc 8vailabl¢, GiftAidl, inLludin8 donations in kind Ilor c.xample, of polential Sli)ck 10 add LO Ihc
Lollcciiunl. NewSPAI. is re8lSlcrcd for VA T and is 4ble to reclaim all VA'I. sull¢rcd on e.¥pcns¢s during Ihe yeJr wilh
£3,102 b¢ing rLc¢ived aner Ihe ycèr Lnd. 'I'oial incomc from all %ourLc5 in ihc ac¢i)uniin¥ pcriod £83,585 before
VAI.. ofwhi¢h £2D.3.10 com¢s from donaiion.s and grants. Of these, £7,5110 in donHtions WLrc, in aB¥rL'8die, rnadc by Mark
Welling la Irusiccl or his iyife in the #Ccounting pcrTod and gre aecordin8ly disclos¢d relaiLd parly irnnsacii()n5.
Total expcndiiure durin8 the whole uf Ihe accouniing period wus £85,320 excluding VAT. Apart from cxp¢ndilur¢
in¢urrvd for thc pr()pcr adminisimiion and 8overnance of the CIO, all expendliurc during the financidl period was used lo
support oper&iion5.
More inforrnatiun on inwme And expenditurL' ¢an bc follnd in Ihc finoncial 51atements in Ihis doLumeni.
During the a¢L￿unting period. expcndliure excceded income. InLomc fr()m operdlii)r15 In each monili has bcen highcr Ihan
in Ihe Corresponding month in the prcvtous aecouniin8 PLriod. .1 lils is mainly aitribuiabl¢ lo more groups dnd indsvidiialy
Irrorn acros5 IhL' lJrsii¢d Kingdom) involved in amqtcur mu%ic.rn#kin8 and amlli¢ur dramJ aciiviiy r¢8isierin¥ t() borrow
510¢k Irom NcivSPAI.. M()dchl price incrLa5es also e8mc inio cllcLI in Au¥usi 2024 attd COlllribuiLd ID improved inivmc
ligurls in rh¢ luier pari ol. the o¢couniin¥ pcriod. Whilc cyclical in nii¢urL. IxpLndiiurL. hus bcen corelully ¢ontr()IILd,
Icudin¥ l<) a n¢1 gradual LonvcT8cn¢¢ L)r in¢omc and cxpLnditure ovcr lh¢ rour%¢ i?I' thL' aLroiiniing pcriod. 'fhc .1 rusiees
L.xp¢LI thi% Irend lo continue. Absent dny unlorL5cen cvenis. IhL I'rust¢es are rL'a50nably uble to foreidFI Lxpenditure for th¢
iiLcouniin8 period Sldrtcd l April 2025. In the medium- and long¢r-iemi Ihe'fN8lces ¢.¥pccl LO SLC incrca5cd inrumL. from
Ihc continucd ¢xpansion ofr. l¢ndin8 aLliviLy with any shortfall beiwccn n￿ralIn8 incvme dn¢J op¢r&ling expendiiurc being
¢ovcred by granL% dondllOll5. On ihi% basis land hJvin8 rc8ard 10 INciv81?Al.'5 eX151inB finanLilll re50ufcLS1. Ihe
I'rustees l￿nSider the CIO to b¢ a conccrn. 'I'hc 'l'rusiLcs intend lu ensure Ihal. Bt all (irnes the CIO has sufjlcicni
runds its permit an orderly windin¥ up ofihe CIO should Ihlll evcr bc¢omc n£¢ebSRry.
PAYMENTS TO TRUSTEES
No paymcnLs wrre made to any ofthe TNstees in the acwunlin8 period.
ASSETS AND RESERVES
At 31 March 2025 the CIO had Lotal net ￿etS (cash at bank and in handl of £46,964.
I'he"fru51ees' 14rgeL level of rescrve5 a5 ai 31, March 2023 is beiivccn £21,070 and 149.163. This repr¢5en15 beiwtsn Ihtte
and sevcn mvnilis. ¢xpcndiiure. Jnd in setting thi5 policy th¢ l-rusicc5 have had r¢gard to Ihe flueiuatins paI￿rn of Cash
innom's outfloi¥s. and 10 thc ne￿ lo have a buffer ol'unre51ricted funds in of uncxpeLied cvenLs.
At 31. March 2025 our Teserves are within the Tru5tees' target range.

Pdge 4
NEW SURREY PERFORMING ARTS LIBRARY
TRUSTEE5' REPORT Icontlnuedl
FOR THE FINANCIAL YEAR I APRIL 2024 T031 rtARCH 2025
PUBLIC BENEFIT
In exer¢isin8 their powers and duties the Trusiee5 have eomplied with their duty to have due regard ts) the guidsnce on
public b￿er11 published by the Charity Commi$$ion.
Approv￿ and Si8Ded on behilf of the Trustee
Chairn18n- Mark Welling
Date-.
8 202S

Pgg¢ 5
NEW SURREY PERFORMING ARTS LIBRARY
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
FOR THE PERIOD FROM I APRIL 2024 TO 31 MARCH 2025
I report to the iNstees on my examination of the aco)unts ofNewSPAL (the CIO) for the period ended 31 Mar¢h 2025,
which are sei oui on poses 7 to 9.
Responsibllities *md balis of report
As the charity trustees of the CIO you are rtstx)nsible for the PT¢paration of the a¢wunts in A¢cordan¢e with th¢
requirt￿entS of the ChArities Act 2011 {'Ihe Act,).
I rep)rt in respec4 of my examination of the CIO'S a¢￿un￿ carried out under section 145 of the Act and in canying out rny
examination I have followed all the applichble Di￿110n3 8iven by the Charity Commission under section l4515)(b} of the
Act.
Independent tx4mlDer'9 statement
I have ¢ompleted my examination. I confirni tha¢ no materiil matters have Come to my att¢tttion in connection with the
examin&tion 8iving rne cou5e to b¢liev¢ that in any rna(eTial TegP¢¢t'.
accounting records were not kept in re$pcc( of the CIO as required by seLtion 130 of the Act; or
the attounts th not a¢wrd with those T￿ordS.
have no concerng 8kd have come across no other mai*rs in eonneclion with the examin&lion to which &tteniion should be
drawn in ihis report in order (o enable a proFrtr understanding of the accounts to be reached.
Name of principal..
Margaret Brett FCA
Name of firm..
Bullimores LLP Chortered Accountsnt8
and Re8j51ered A￿di￿r5
Address..
Old Printers Yard
156 South Street
Dorking
Surrey RH4 2HF
Date=
/2 ¢L 202r

Plgt 6
NEW SURREY PERFORMING ARTS LIBRARY
FOR THE PERIOD FROM I APIUL 2024 TO JI MARCH 202S
The receipts and p3ymcnts a¢count set out on poge 7 for the fitjancial period cnded 31 March 2025, and thc ststem¢nt of
a55cts and liabiliti¢s at thai date set out on page 8 tO8eiher with the notes set outott page 9 are approved by theTrustees.
K McWhirt¢r- Treasurer
3..D.e.¢w.b￿.... l¢Z

IYEW SURREY PERFORMING ARTS LIBRARY
P#ge 7
RECEIPTS AND PA YMENTS ACCOUNT
FOR THE PERIOD FROM I APRIL 2024 TO 31 MARCH 2025
2025
Unre$trlcted
Funds
2025
Resiricted
FundB
2025
To*￿1
Fund$
2024
Total
Funds
RECEIPTS
Donaiions receivcd {in¢ludin8 Teldted Gift Aid)
Grants reccived
Bank inieresi
Hire char8es
Sales af Donated Items
VA T on hire ¢haTgcslservices
VA'I. refunds from HMRC
10,330
10,000
1.174
62,081
10.330
10.O(K>
1,174
62,081
14,152
415
53,497
790
124
9,162
6,820
6,820
TOTAL RECEIPTS
78.140
PAYMENTS
Bank Chargcs
Stock hire ¢haryes
Bookkecping
Insurancc
Computer expense3
Lc8al and profe5510nal fee5
Office exp¢n5¢5, repair5 and mainienAnc¢
Printin8, POSta8e and stationery
Rcnt & service eharge%
Salaries
Software
Subs¢ription8
TNvellin8 exp¥nses
Furniture and equipment
Direct posiage and pack4ing eD5ts
Stock purchases
VAI. iniurrcd on prtyments
485
460
3.142
153
485
460
3.142
1.471
96
3,142
449
1.235
652
2.107
22.650
38,567
5,318
482
147
388
5,404
1,660
8,206
1,285
1.360
1,764
23.201
41230
5,071
354
1,285
1,675
1,764
23,201
41.230
5,071
334
26
26
5,718
739
8,176
5,718
364
8,176
375
TOTAL PAYMENTS
716
NET IDEFICITYSURPLUS FOR THE YEAR
Bank balBntt5 at l April 2024
12.375)
(7161
13,0911
(13,9851
49,339
716
50,055
64,040
Total C8Jh funds •¢ 31 Marth 2025
50.055

Page 8
NEW SURREY PERFORMING ARTS LIBIL4RY
STATEMEf4T OF ASSETS AND LIABILITIES
AT31 MARCH 2025
2025
Unr¢strlcted
Funds
2025
Re$trltted
Funds
202S
Total
Funds
2024
Totsl
Funds
MONETARY ASSETS
Bank accounts
46,964
46,964
50.055
TOTAL ASSETS
46.964
Approv¢d 8nd signed on behaifof lh¢ Trustees:
M Welling- Chainnan
K McWhirter- Tre&surer
3 Pec24nW 2oS

PaEe 9
NEW SURRLY PERFORMING ARTS LIBRARY
NOTES TO THE ACCOLNTS
FOR THE PERIOD FROIM I APRIL 2024 TOJI MARCH 2025
Basis of Aceount$
The 2¢count5 have been prepared on a reecipts and payments basis in d¢Lordan¢e with S133 of Ihc Charitie5 Act 2011.