## **Trustees’ Annual Report for the period** **From 01.04.23 To 32.03.24** ## **Charity name: Friends of Woodbridge Library (FOWL)** ## **Charity registration number: 1176811** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**The charitable objectives are to advance**
**the education of the public by promoting**
**the use of Woodbridge Library for the**
**benefit of the residents of Woodbridge**
**and the surrounding areas.**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|**FOWL organises events and activities in**
**accordance with its charitable objectives,**
**and raises funds to support these. Music,**
**art, drama and literature base events are**
**held during the year aimed at both adults**
**and children in the local community.**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The trustees comply with their statutory**
**obligations and show due regard to the**
**commission's public benefit guidance in**
**exercising their powers and duties to**
**which the guidance is relevant.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**These events are welcomed by the public**
**and from comments received state that**
**attending and participating is beneficial**
**to their well-being.**
**Our newsletter is circulated to our 300+**
**members containing information**
**regarding FOWL activities and**
**fundraising initiatives, as well as an**
**invitation to forthcoming public events**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |
Achievements against
objectives set|
Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |Review of the charity’s
financial position at the end
of the period|Para 1.21|**For the financial year under review, we**
**have generated income of £2,615 through**
**hosting events both at lunchtime and**
**evenings. These events are run and**
**managed by the FOWL Events Group.**
**Feedback from those attending these**
**events has shown that they not only raise**
**awareness of FOWL and its activities but**
**also contributes to the wellbeing of**
**attendees.**
**During the year under review we**
**successfully reached our target of raising**
**£20,000 to cover the refurbishment of the**
**children's library. This sum was in the**
**main raised by generous donations from**
**local supporters as well as income from**
**events and general fundraising activities**
**by both FOWL and Woodbridge Library**
**staff.**| |---|---|---| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**With no ongoing financial commitments**
**FOWL has no policy for holding reserves.**
**However, adequate funds will always be**
**in place to cover any expenditure.**| |Amount of reserves held|Para 1.22|**£12,509.34**| |Reasons for holding zero
reserves|Para 1.22|**n/a**| |Details of fund materially in
deficit|Para 1.24|**n/a**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**n/a**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |
The charity’s principal
sources of funds (including
any fundraising)|
Para 1.47|
**The principal sources of income for this**
**financial year has been donations and**
**grants towards the refurbishment of the**
**Children’s Section of the Library, as well**
**as fundraising events.**| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|**The inability to raise funds by holding**
**fundraising events would be a significant**
**risk that would impact upon those using**
**the Library.**| |||| Other ## **Structure, Governance and Management** |Description of charity’s
trusts:||**none**| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Constitution**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**CIO**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Trustees are generally elected at Annual**
**General Meetings. Occasionally a trustee**
**may be co-opted with agreement of**
**current trustees.**| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |
Policies and procedures
adopted for the induction and
training of trustees|
Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Friends of Woodbridge Library| |---|---| |Other name the charity uses|FOWL| |Registered charity number|1176811| |Charity’s principal address|Woodbridge Library
New Street
Woodbridge, Suffolk
IP12 1DT| ||| **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or**
**body) entitled to**
**appoint trustee (ifany)**| |---|---|---|---|---| ||KayYule|President & Chair||| ||Anne Gartley|Secretary||| ||Barbara De Vita|Treasurer||| ||TracyRogers|||| ||Jane Lynam|Chair, Events
Committee||| ||Christine Webber|||| ||SallyBull|||| ||Helen Scrivener|||Suffolk Libraries| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved ## **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** **Names and addresses of advisers (Optional information)** **Type of adviser Name Address** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** Kay Yule **Full name(s)** Kay Yule **Position (eg** Chair **Secretary, Chair, etc) Date** 13/08/2024 FRIENDS OF WOODBRIDGE LIBRARY Charity Registration N: 1176811 Financial Report @ 31" March 2024 Income and Expenditure April 2023-March 2024 April 2022 - March 2023 Income Books, DVDS, Craft Sale et. Cash Donations Cheque & bank transfer Donalions Evening events (inc Surnup) Fo￿ Merchandise Grants Hot Drink sales LunchtiffE events Raffle Surrtjp Re￿Ipts (Evening Events) Total Income £885.99 £540.60 £5,645.00 £2,273.00 £30.00 £600.00 £185.43 £697.67 £447.00 £233.27 £11.537.96 £818.28 £8,735.01 £1,350.97 £30.00 £1,000.00 £140.00 £733.85 £530.00 N/A £13.338.11 Che uelBACS E enditure C hildren's Library Renov ation Project Drinks Supplies Events Furnitu￿. Equipment and Installation Costs GOods/Servi￿S Purchased sUrr￿r reading challenge £2,620.00 £165.29 £392.31 £0.00 £128.44 £190.81 £219.40 £434.01 £1.494.68 £235.70 WaÈr Cooler Contract Cash enditure Drinks Supplies Pety Cash Total Expenditure £0.00 £123.69 £31.98 £40.00 £3.568.83 £23.25 £54.29 £2.585.02 April 2023-March 2024 April 2022 - Apri12023 Assets In Bank Pety Cash Cash not banked Total Assets Minus Children's Library Renov ation Project Liabilities Uncleared cheques Unpaid Invol￿S Otrier Current Liabilities £27,484.32 £100.00 £17.767.12 £38.20 £7.72 £17,813.04 -£9.000.00 £27.584.32 £0.00 £0.00 -£15,074.98 £0.00 £0.00 £0.00 £0.00 Total Liabilities 15,074.98 £0.00 Net resenies £12.509.34 £8,813.04 L .7. H. DRt￿N *,JGHFIELD corrAGE . ￿lELToN ROAD WOODBRIDGE IP12 1NL