Registered Charity No. 1186926 BULKINGTON COMMUNITY LIBRARY CIO REPORT AND UNAUDITED FIIYANCIAL STATEMENTS 31 DECEMBER 2024 BULKINGTON COMMUIYITY LIBRARY CIO Year ended 31 D¢cember 2024 CONTENTS Legal and Administrative Details Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes forniin8 part of the financial statements 7-10 Page I BULKINGTON COMMUNITY LIBRARY CIO Legal and Administrative Details Charity Reglstration Iyumber: 1186926 Trustees: John B Beaumont Mary C Beaumont Wendy Fudge Ann Romaniak (resigned 5 March 2025) Theresa Rowe Denise Wolff (appointed l O February 2024) Phillip Bonehill (appointed 5 March 2025) Christine Oldham (appointed 5 March 2025) Prlnelpal Addre$$: Bulkington Community Library School Road Bulkington Bedworth CV12 9JB Bankers: The Cooperative Bank Online Banking Accountants: Annstrongs Bishop Simmons Limited Gethin House 36 Bond Street Nunealon Wanvickshire CVI 14DA Page 2 BULKINGTON COMMUNITY LIBRARY CIO Report of ihe Trnstees, for the year ended 31 December 2024 The trustees present thcir report alonby with ihc unMudii¢d findiiLiKII ¥liii¢iii¢Lllb L)filic ￿lI￿rItY for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's schemes. the Charities Act 2011 and Accounting and Reporting by charities.. Statement of Recommended Practice applicable to charities, preparing their accounls in accordance with the Financial Reporting Stand￿d (FRS 102) published on 16 July 2014. STRUCTURE, GOVERNANCE AND MANAGEMEIYT The charity was incorpi)rated on 12 Deccmber 2019 as a Charitable Encoryorated Orbvanisation. All of the assets of Bulkingyton Community Library CIC were transferred to the Charity al that dale. RISK MANAGEMENT ThL trustees liave conducted a review of the major risks to which the chariiy is exposed and syslems have been established to mitigate those risks which they have identified. OWECTIVES AND ACTIVITIES FOR PUBLIC BENEFIT The objects ot the charity is t() promote tor the benctit of the residents of Bulkin¥ton and the surrounding areas through the provision of a public library for recrealion and or other leisur¢ lirne occupation of indtviduals who have necd of such facilities by reason of their circumstances or for the public at large iii th¢ interests of social welfare and with the object of improvinby the condition ot'the said residents. The trustee5 confimi that they have r¢fcrred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewin&y the charity's aims and objectives and in setting the grant making policy for the year. ACHIEVEMENTS AND PERFORMANCE DuringF the year the library continued to build a useful and valued position in the village of Bulkinglon with the footfall rising lo 31.256 over all hours. The annual Opening anniversary Event in April and the village annual Lights switch on in November still providinbF a valued source of fiJnding- for which we are grateful. Fund raising was a continuing program with monthly raffles and Quiz nights providing a regular income, whilst also being a welcome social event for the community. Throughout the year there has been a number of Coffee & Chat momings, and a very successful Cream Tea, which also boosted our income. We have managed to secure income through the use of our back room. which is now hired on a regular basis by Booster Tulors, a personal tulor who has a healthy and growing group of pupilslstudents. Page 3 BULKINGTON COMMUNITY LIBRARY CIO Report of the TTUStees' for the year ended 31 December 2024 Our sale ot sccond hanabooks and Jiss