## **Willingdon Community Hub Library** 

## **End of Year Financial Report 2025/26** 

## **Summary** 

The library end year finances are doing well. To date there is  a surplus of £2,300.00 (£1,200.00 ahead of forecast). 

## **Income** 

Income was boosted by two generous grants from the Parish Council. In addition, monthly income for Library Services exceeded forecast, helped by strong sales of photocopying/printing and teas and coffee. Clubs and Room Hire are all thriving. The popularity of our Annual events such as Talks/Entertainers, the Christmas Raffle and Charity Coffee Mornings resulted in income over and above expectations. 

## **Expenditure** 

Utility Expenditure exceeded forecast largely due to increased prices and usage. Overall expenditure is ahead of forecast by some £3,000 enabling us to invest in a number of capital items such as garden equipment, roof repairs, computers and tables for the Library, without the need to draw down from our investment account.