Central Swindon North Leisure & Libraries Trust Statement of Accounts FY2021-22
Key points for the year
These accounts have been verified by an independent reviewer, KJS Accounting.
There have been no organisational or structural changes to the Trust this year.
The accounts are presented in the same format as last year showing a top level consolidated view followed by a detailed breakdown of each of the Libraries and St Mark’s Tennis Centre figures.
Following last year’s audit recommendations, a separate bank account has been set up for St Marks Tennis Centre. The sinking fund was moved into this account and all tennis specific operating costs are now managed directly from this account.
A third account has also been established to allow the Libraries manager to make small discrete purchases via a “purchase card”. There is a £500 limit on this account. Invoices/receipts are still required to validate any transactions. These transactions are also scrutinised by the Treasurer.
Overall the accounts show a consolidated loss of £2,670. This figure is made up of a £6,490 loss for the Libraries and a profit for the Tennis of £4,130. The Libraries loss is explained by the agreed under-budget funding of £5k, which will also be reflected in the accounts for FY2022-23 and FY2023-24. This rebalances the overpayment of grants from the Parish to the Trust made in error in FY202021.
Library operating costs were higher than last year as the Trust increased spending on IT to replace aging PC’s. Maintenance costs to keep the old machines running were becoming too high and the decision to replace them was made to save money and provide a better service to library users.
The Trust is currently VAT registered. The Treasurer would like to review this decision in the next financial year and will take advice from KJS Accounting, our current auditors, and other sources. Currently the Treasurer believes that VAT declarations should be discontinued as there are no VAT attracting sales from the Library which are a requirement for reclaiming VAT on purchases and services.
Neil Johnson
Treasurer
May 26[th] 2022
Consolidated Accounts
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Central Swindon North Leisure and Libraries
Trust
Statement of Financial
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| Consolidated Accounts | Consolidated Accounts | Consolidated Accounts | Consolidated Accounts |
|---|---|---|---|
| Central Swindon North Leisure and Libraries Trust Statement of Financial |
|||
| Activities | |||
| Financial Year ended 31st March 2022 |
2022 | 2021 | 2020 |
| Not es |
£ | £ | £ |
| Income | |||
| Parish Grants 1 |
51,408 | 61,958 | 116,05 2 |
| Annual Tennis receipts 2 |
16,722 | 8,305 | - |
| Library Fees and Fines | - | - | 1,285 |
| Total Income | 68, 130 |
70, 263 |
117, 337 |
| Expenditure: | |||
| Operating Costs 3 |
56,049 | 42,757 | 3,676 |
| Set Up Costs 4 |
2,668 | (474) | 68,033 |
| Stock Costs 5 |
12,083 | 16,287 | 10,414 |
| Total Expenditure | 70,800 | 58,570 | 82,124 |
| Net Income/Expenditure for period |
(2,670) | 11,693 | 35,214 |
| XCentral Swindon North Leisure and Libraries Trust |
XCentral Swindon North Leisure and Libraries Trust |
||||
|---|---|---|---|---|---|
| Balance Sheet | |||||
| Financial Year ended 31st March 2022 |
2022 | 2021 | 2020 | ||
| Not es |
£ | £ | £ | ||
| Current Assets | |||||
| Stock | 44,994 | 32,575 | 20,829 | ||
| Less Written Down | (38,784 ) |
(26,701) | (10,41 4) |
||
| Sub Total 5 |
6,209 | 5,873 | 10,414 | ||
| Debtors 6 |
4,022 | 2,600 | 44,619 | ||
| Cash at Bank 7 |
87,133 | 93,290 | 3,995 | ||
| Total Current Assets | 97,364 | 101,763 | 59,028 | ||
| Less: Current Liabilities | |||||
| Creditors 8 |
7,816 | 9,855 | 23,815 | ||
| Net Current Assets | 89,548 | 91,907 | 35,214 | ||
| Net Assets | 89,548 | 91,907 | 35,214 | ||
| Represented By; | |||||
| Brought Forward - Library Trust | 91,907 | 35,214 | 0 | ||
| Sinking Fund Transfer St Mark's 9 |
0 |
| - | 45,000 | ||||
|---|---|---|---|---|---|
| Net+/- (Loss) for the year | (2,360) | 11,693 | 35,214 | ||
| Total Funds | 89,547 | 91,907 | 35,214 | ||
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Statement of Notes XCentral Swindon North
Leisure and Libraries Trust
Notes to Statement of Financial
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| Statement of Notes XCentral Swindon North Leisure and Libraries Trust Notes to Statement of Financial |
Statement of Notes XCentral Swindon North Leisure and Libraries Trust Notes to Statement of Financial |
Statement of Notes XCentral Swindon North Leisure and Libraries Trust Notes to Statement of Financial |
Statement of Notes XCentral Swindon North Leisure and Libraries Trust Notes to Statement of Financial |
|---|---|---|---|
| activities | |||
| Financial Year ended 31st March 2022 |
|||
| 2022 | 2021 | 2020 | |
| £ | £ | £ | |
| 1. Parish Grants | |||
| Library Trust | 51,408 | 51 ,958 |
116, 052 |
| St Marks | 16,722 | 10 ,000 |
- |
| Total | 68, 130 |
61 ,958 |
116, 052 |
| 2. Tennis Receipts | |||
| Q1 Pro rata rebate | 1 ,805 |
- | |
| Q2 Received 23rd October 2020 | 3 ,900 |
- | |
| Q3 Received 15th April 2021 (partial rebated) |
2 ,600 |
- | |
| Q4 Rebated | - | - | - |
| Total | - | 8 ,305 |
- |
| 3. Operating Costs | |||
| Ofce and Security | 6,581 | 316 | 106 |
| Cleaning & Court Maintenance | 5,170 | 1,457 | 520 |
| Rent & Rates | 28,052 | 27,324 | 3,008 |
| Heat & Light, water |
| 6,491 | 6,215 | - | |
|---|---|---|---|
| Communication & IT | 6,112 | 6,594 | - |
| Professional Fees & Subs | 1,635 | 850 | - |
| Sundry | 2,008 | - | 42 |
| Total | 56,049 | 42,756 | 3,676 |
| 4. Set Up Costs | |||
| Charged by SBC Libraries to select, catalogue and cover books |
|||
| 2022 | 2021 | 2020 | |
| £ | £ | £ | |
| 5. Stock | |||
| Stock & Supplies Cost | 44,994 | 32,575 | 20,82 9 |
| Depreciation: | |||
| Brought forward | 26,701 | 10,414 | - |
| Less: 50% Write Down for year 2021/22 |
12,083 | **16,287 ** | 10,41 4 |
| Amount Carried Forward | 38,784 | **26,702 ** | 10,41 4 |
| Net Value | 6,209 | 5,873 | 10,41 4 |
| 6. Debtors | |||
| Grant Pending | 0 | 44,51 2 |
|
| Library Fees and Fines | 122 | 0 | 107 |
| Tennis Payments | 3,900 | 2,600 | 0 |
| Total | 4,022 | 2,600 | 44,61 9 |
| 7. Cash at Bank | 7. Cash at Bank | |||
|---|---|---|---|---|
| Metro Bank | 22,493 | 34,810 | 3,990 | |
| St Marks | 64,640 | 58,480 | ||
| Total | 87,133 | 93,290 | 3,990 | |
| 8. Creditors | ||||
| Westmill Payment | 5,000 | 5,000 | 0 | |
| Operating Costs | 2,816 | 4,855 | 3,634 | |
| Staf Costs | - | 20,18 0 |
||
| Total | 7,816 | 9,855 | 23,81 5 |
|
| 9. Tennis - Sinking Fund | ||||
| Amount Transferred to Library Trust |
45,000 | 45,000 | 0 | |
| 45,000 | 45,000 | - | ||
| 10. Trustee Costs | ||||
| No Trustee received any remuneration during the fnancial year |
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| Librarians were employed and paid by Central Swindon North Parish |
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| Note: No VAT recoverable |
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Library Accounts XCentral Swindon North Leisure and
Libraries Trust - Libraries
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| Library Accounts XCentral Swindon North Leisure and Libraries Trust - Libraries |
Library Accounts XCentral Swindon North Leisure and Libraries Trust - Libraries |
Library Accounts XCentral Swindon North Leisure and Libraries Trust - Libraries |
Library Accounts XCentral Swindon North Leisure and Libraries Trust - Libraries |
|---|---|---|---|
| Balance Sheet | |||
| Financial Year ended 31st March 2022 |
2022 | 2021 | 2020 |
| Not es |
£ | £ | £ |
| Current Assets | |||
| Stock | 44,994 | 32,575 | 20,829 |
| Less Written Down | (38,784) | (26,701) | (10,41 4) |
| Sub Total 5 |
6,209 | 5,873 | 10,414 |
| Debtors 6 |
0 | 0 | 44,619 |
| Cash at Bank 7 |
22,493 | 34,810 | 3,995 |
| Total Current Assets | 28,703 | 40,683 | 59,028 |
| Less: Current Liabilities | ||||
| Creditors 8 |
1,010 | 6,500 | 23,815 | |
| Net Current Assets | 27,693 | 34,183 | 35,214 | |
| Net Assets | 27,693 | 34,183 | 35,214 | |
| Represented By; | ||||
| Brought Forward | 34,183 | 35,214 | 0 | |
| Net+/- (Loss) for the year | (6,490) | (1,031) | 35,214 | |
| Total Funds | 27,693 | 34,183 | 35,214 | |
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X Central Swindon North Leisure and Libraries Trust -
Libraries
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| XCentral Swindon North Leisure and Libraries Trust - Libraries |
XCentral Swindon North Leisure and Libraries Trust - Libraries |
XCentral Swindon North Leisure and Libraries Trust - Libraries |
XCentral Swindon North Leisure and Libraries Trust - Libraries |
|---|---|---|---|
| Balance Sheet | |||
| Financial Year ended 31st March 2022 |
2022 | 2021 | 2020 |
| Not es |
£ | £ | £ |
| Current Assets | |||
| Stock | 44,994 | 32,575 | 20,829 |
| Less Written Down | (38,784) | (26,701) | (10,41 4) |
| Sub Total 5 |
6,209 | 5,873 | 10,414 |
| Debtors 6 |
0 | 0 | 44,619 |
| Cash at Bank 7 |
22,493 | 34,810 | 3,995 |
| Total Current Assets | Total Current Assets | 28,703 | 40,683 | 59,028 |
|---|---|---|---|---|
| Less: Current Liabilities | ||||
| Creditors 8 |
1,010 | 6,500 | 23,815 | |
| Net Current Assets | 27,693 | 34,183 | 35,214 | |
| Net Assets | 27,693 | 34,183 | 35,214 | |
| Represented By; | ||||
| Brought Forward | 34,183 | 35,214 | 0 | |
| Net+/- (Loss) for the year | (6,490) | (1,031) | 35,214 | |
| Total Funds | 27,693 | 34,183 | 35,214 | |
St Marks Accounts
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X Central Swindon North Leisure and
Libraries Trust - Tennis
Statement of Financial
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| Activities | ||||||
|---|---|---|---|---|---|---|
| Financial Year ended 31st | ||||||
| March 2022 | 2022 | 2021 | 2020 | |||
| Notes | £ | £ | £ | |||
| Income | ||||||
| Parish Grants | 1 | 0 | 10,000 | - | ||
| Annual receipts | 2 | 16,722 | 8,305 | |||
| Other | - | 0 |
| Total Income | 16,722 | 18, 305 |
- | |
| Expenditure: | ||||
| Operating Costs | 3 | 12,592 | 5,581 | - |
| Set Up Costs | 4 | - | ||
| Stock Costs | 5 | - | ||
| Total Expenditure | 12,592 | 5,581 | - | |
| Net Income/Expenditure period |
for | 4,130 | 12,725 | - |
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XCentral Swindon North Leisure and
Libraries Trust - Tennis
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| Libraries Trust - Tennis | |||||||
|---|---|---|---|---|---|---|---|
| Balance Sheet | |||||||
| Financial Year ended 31st | |||||||
| March 2022 | 2022 | 2021 | 2020 | ||||
| Not | |||||||
| es | £ | £ | £ | ||||
| Current Assets | |||||||
| Stock | - | - | - | ||||
| Less Written Down |
| - | |||
|---|---|---|---|
| Sub Total 5 |
- | - | - |
| Debtors 6 |
4,022 | 2,600 | - |
| Cash at Bank 7 |
64,640 | 58,480 | - |
| Total Current Assets | 68,662 | 61,080 | - |
| Less: Current Liabilities | |||
| Creditors due within one year 8 |
6,807 | 3,355 | - |
| Net Current Assets | 61,855 | 57,725 | - |
| Net Assets | 61,855 | 57,725 | - |
| Represented By; | |||
| Sinking Fund & B/F 9 |
57,725 | 45,000 | - |
| Net+/- (Loss) for the year | 4,130 | 12,725 | - |
| Total Funds | 61,855 | 57,725 | - |