The Ward Library Trust, Bruton The Ward Library, Quaperlake Street , BRUTON, Somerset BA10 0HA
Registration Number: 1182167
Trustees report for the period ended 31st March 2021
Trustees: John Norton Gareth Evans Jillian Pearce Andrew Leach Michael Streatfeild Eileen Sandford
Structure, governance and management:
The ward Library Trust is a charitable incorporated organisation, incorporated on 21 February 2019 for the purpose of providing a community public library and information point, or for meeting open to the public or held for a community purpose. A committee manages the day to day running of the library and reports to the trustees who have overall responsibility for insuring that the charity meets its purpose and obligations.
New trustees are invited by the existing Trustees and are chosen for what they can offer to the Trust and the community.
Financial Review:
In its second year as a community Library Partnership with Somerset County Council the Ward Library Trust has made considerable cost savings. With generous grants as the main source of income the charity has finished the year in a strong financial position {see accounts attached} and, with further saving envisaged, is confident for the future. The only assets owned by the trust relate to furnishings and were purchased during 2020 for £1461.
Accounts {attached}
Public benefit statement:
The charities purpose is to provide the public benefit of a library. This it has done successfully to the considerable benefit of the community and beyond.
| Opening bank balance at 01.03.2020 | Opening bank balance at 01.03.2020 | 1,650.00 |
|---|---|---|
| CREDITS | ||
| Refunds | 68.84 | |
| Cash | fnes and book sales etc | 348.3 |
| Grants | 14.600.00 | |
| SUB TOTAL | 16,667.14 | |
| DEBITS | ||
| Insurance | 668.08 | |
| Electric | 1,242.16 | |
| Telephone | 72.43 | |
| S.C.C | 2,208.37 | |
| Window cleaning | 89.32 | |
| Sundries | 16.58 | |
| Covid expenses | 325.06 | |
| Security | 216.00 | |
| SUB TOTAL | 4,838.00 | |
| closing bank balance at 31.03.2021 |
british gas 1.34 - scc news papers 67.50 1.52 on hold less 1.00 for rent 12,00.00 scc - 2,600.00 fjw
330.20 for 2020 - 337.88 for 2021 482.24 = british gas - 759.92 = scotish power british telecom staffing final payment of 496.49 paid in April kevin james 2 visits 12.00 flowers for Clare and 4.58 CBS 171.20 for ppe and 153.86 for screen by s.c.c. annual service
Cash in hand at 31.03.2021 75.56 67.00 banked in April - 8.56 on hold Petty cash 82.06
Cancelled cheques Roger Gallagher cheque no. 16 40 to be added on next invoice S.C.C cheque no. 18 153.86 paid by debit card Kevin James cheque no. 20 44.66 blank cheque
16,667.14 4.838.00 11.829.14