Registered Charity No. 1186926 BULKINGTON COMMUTh LIBRARY CIO REPORT AND I)FIAUDITED FINANCIAL STATEMENrs 31 DECEMBER2025
BULKIN0 COMfvfUNITY LIBRARY CIO Year ended 31 Decembcr 2025 coNrENrs L£gal and Administrative D&ails Thistrt8' RepoTt Independent Examin.8 Rert ststement of Financial Activiti Balance Sheet Notes forming part of th¢ financial statements 7-10
Pase I BULKIN0 COTriMUry4tTYLIBRARY CIO Legal and Adrninislrati D¢ts218 Ch•rlty Reglrtratlon Number: 1186926 Trusteu: John B Beaumont M8ry C Beaumont W¢Ddy Fudge AJJn Romaniak (tls0ed 5 MaTch 2025, rAnted I l F¢bruary 2026) Thema Rowc Denise Wolff Phillip Bon&iJl (winted 5 March 2025) Chistine Oldham (resigoed 4 Dmnber 2025) Prlnclpal Addrv8: BulkingtOD CoDMnUDity LibTary School Road Bworth CVI.2 9JB Bankers: The Cooperative Bank Attowitants: Arnthngs (Nuneaton) Litt)itol G¢thin Hou8¢ 36 Bond Street CVII 4DA
Page 2 BULKINCTON COMMUNITY L]BRARY CIO Report of the Tnlees, for the year fdl 31 D¢c4nber 2025 The tnte¢S prt their rert along with the unaudited financial statements of the clwity for the year endcd 31 December 2025. The fmanLMal statemajts have been preparal in acLx)rdance with the accounting wlicies set out on page 7 and CA)mply with thc clwity's Sche. the Clwities Act 2011 and Accounting and Reporting by charities: Ststemfflt of Rewmmended PTaclice applicable to charities, preparing their ac)llts in aca)rdance with th¢ Finan¢ial Reporting Standard (FRS 102) published on 16 July 2014. The charity was incorpoTated on 12 2019 as a Charitable In¢oryx)ratol Otganis&tioL All of th¢ &88ets of Bulkington Community LibThry CIC were Iransfar&l to the charity at t1 date. RISKMANAGEMENT The tnLYtees have Lxmdll a revi¢w of th¢ major risks to which the charity is expos&1 and systems hav¢ b¢¢n establishal to mitigate those risks wlLi¢h they have identifi OBJEcfIvES AND AcfivITIES FOR PUBLIC BENE The objects of the cbarity is to promote for the benefit of th¢ Sid¢nts of Bulkington atMI the surrounding areas through th¢ provision of a public library for reereation and or other l¢isure time owation of individuals who have need of su¢h faciEities by reason of their Circumstan or for th¢ public at large in th¢ Intert8 of social welfare and with tbe object of improving the condition of the said residents. The truste¢8 wnfirni that they bave refeffal to the 8uidance (x)til in th¢ Charity Commission'8 general Buidan¢e on public b¢fit whffli reviewing the ¢lwity'S aims and obi¢ctive3 and in setting the rn rnaking policy for the year. ACHIEVEMENTS AND PERFORMANCE DuTill8 the year the library Continu to build a USefi and valued re80urcL in the llage of Bu]knn8ton with th¢ footfall rising to 35,180 over all how8. The Friendsbip café is pmviding a gTeat¢r inLX)me to our hTrrary Th¢ amiual Opffling Anniversary eVt in April and the village 8nnual Lights switch on in November still providing a Valu source of fUnd- for which we are teflll. Fund raising 18 still continuin8 with a program ofmonthly raffles and Quiz nights providing V4 gular inc4mi4 whilst also beAn8 a welcome 80¢ifjI event for the wn]mwity. The income through the use of our back loo whi(A is hirnl to personal tutors, wntinues to provide a healthy and wwing incon Througbout the year we have beth succusful in securing donalion8 from, The Freemayon Nuneaton Round table, WCC County fund- Councillors gtanL and from, W8rwicksbire
Page 3 BULKINGTON COmMUm LIBRARY CIO Report of the Tn]8tees' for the year 31 De£ember 2025 Coiity Council unts the S106 contributions due to the zmv dev¢lopm*xts being built The are extranely grat¢M for the volunteers and commw)ities C4)ntinual support help maintsiD this Valu service within the village. FINANCIAL REVIEW Total unrestrictcd incorne for the year. ounted to £34.424 whilst expendith totaUe41 £14,579 witb the ruult that net iDcom¢ omournted to £19,845. At 31 Decernb 2025, the unKstriL#ed gend funds ofthe charity w¢r¢ £59,670, RESERVE AND INVESTMENf POLMCY The trustees kw the level of reserves lllld review on a regular basis and SU1 funds will be invested with our currnt bathr& Tr lib18 not had to ac£¢8s th¢ £]0.0 bond Set up in 2024 and with accumula1 intttat now li at £10.737. It is the inlention to Cte a BUildg Fd with a tsr8et of £55,(X)O to prepare for a roof renvwal of the hThrary premise4 by 2031. On bthalf of th¢ trustee8 Da]i8e Wolff Datr. 6 May 2026
Page 4 BULK]JGTON COMMuNrrY LIBRARY CIO IndqKndent Examiner's Rq the ye8r ded 31 Dccembw 2025 Independent Examiner's Report to the Trnstees of Bulliington Communlty 1)rary ao I report to the chaTity tnistee5 on my ¢xaminatson of the aollts of th¢ ¢haTity for the year ellded 31 D¢mber 2025, which are sd out on pages 5 to 9. Responsibllltles Jnd basts of report As the c]wity's tti]stees you are reSpo1e for the prepatation of the a¢counts in aca)rd4DLY with the requiretnents of the Charities Ad 2011 ('the Act.). I rcport in r&8pe¢t of my examination of the th8rity's accou carried out under tIOn 145 of the Act and in wing out my examination I have followed all the applicable Directions given by the Charity Commi8Ston undrf section 145(5Xb) of th¢ Act. Independent exanther'l statenient I have completed my examination. I confirni that no Matal mattfxs have )rne to my attention in eonnection with the examinthon 8iving me cause to beli¢v¢ that in any n1 l. a(wunting reo)rds w&r not kept in r&8pect of the chlty 88 by seclion of the 'or 2. the accounts not accord WAth those rewrd8' or 3. the act4)unts do not c¥)mply with the applicable Wrirern Concerni the forni and content of accounts set out in the ClrItieS (Accounts Ret8} Regulations 2008 other than any requirement that the awjunts give a 'ttve and fair vi¢w' wbich is not a matt o)nsidff¢d 88 part of aa IndeIdent examItiO I hav¢ no concerns and have LY)me across no other lltter8 in comiection with the examination to wbi¢h attention should be drawn in this rert in ordff to enable a prop understanding of the accounts to be reach&L Mrs J A Biggs FCCA, CTA Arntn)g8 (Nuneaton) Limit1 Gethin House 36 Bond Street Nuneaton WaTwicksbiTe CVI14DA Date: 6 May 2026
Page 5 BULKINGTON COMMUNrfy LIBRARY CIO li Unauditd Statement of Financial Activities for the year endal 31 D&xmber 2025 Total Unrejtrfcted Rettrleted Fund8 2025 2024 Incomkng resources Illeon and endowments from: Donations and legacies Charitabl¢ a¢tiviti¢s Ill18t income 9.072 24,615 737 1,530 19,Y24 24.615 737 Totsl itieome 34,424 34.424 21,454 Resources expended Expenditiwe on: Charitable actiwities 14.579 14,579 20,502 Total expendlture 14.579 14,579 20,502 Net kncome 19,845 19,845 952 Net movement In funds 19,845 19,845 952 RecoDclllatlon of funds Tol fimds brougbt forw 39.825 39,825 38.873 Total fund8 ¢arrled fonvard 59,670 59,670 39,825
Page 6 BtuaNGTON COmMUm LIBRARY CIO Balan¢¢ Shert as at 31 December 2025 2025 2024 Notes Flxed assets Tangible assets 12,296 12.979 Current a8iets tnve8tments Cash at bank and in hand 10,737 37,471 iO.O(M) 17,638 48.208 27.638 CredltoTh: Arnoullts falllng due vAthln one yeAr (834) (792) Net current a88ets 47.374 26,846 Total nel 59,670 39,825 Fund8 of the charlty: Unrestrirt¢d funds io 59,670 39,825 59.670 39,825 The fmancial statements on pages 5 to 10 were approvpAI by the tnts on 6 May 2026 and signed oll theirbehalf: B Beaumont ChainDan
Pa8¢ 7 BULKINGTON COMMUNITYLIBRARY CIO Notes to the Act4)unts for th¢ Y ¢nd¢d 31 2025 Accoullthig poJlde8 1.1 Basls of preparadon- bAsRM of IY*lltIg These aLYouots have been preparnl under the historical LX)nv¢ntion with itans raxi8lli8ed at CO8t or Iransaction value unl¢ss otherwise stated in the rdevatrt notcs to tIe aeo)unts. the Financial R¢poTting Standard applicable in th¢ UK and Republic of Irdand IFRS 102) Is1 on 16 July2014. with the Financial Rq)ortinE St&ndard applicable in the United Kingdom 8lld Ryblic of Irclaryl (FRS 102) and with the Charities 2011. The chatity constitut¢s a public b¢fit tity as d¢fill by FRS 102. 12 GolDg ¢on¢¢rn The fiancial statements have beenpreparal on a going concern basis &8 the trust b¢lieve that no material UnceIntieS exisL The trustee8 havc considered the lev¢1 of fimds held and the expethd level of incomc and cxpenditure for 12 nnthS followiDg approv81 of these financial stataiith and wnsider the clwitywill be. able to (x)ntinue as a going ¢0 13 Incon Recognition of inLX)rne All incolni re8our(u are rEa)gni8ed the ¢haTity h&8 entitlement to the resources, it is ¢¢fvin that the resour8 will be Teceiv aod monetary valu¢ ofincomin8 resour8 can b nasUrl with suffi¢itht reliability. U knd 8¢countlng Detsi18 of the nature and purp08e of ¢a¢h fund 18 set out in te 10. 1.5 Expendlture and Ilabllltles Expenditure and liability rewgnition Liabi]iti&8 ar¢ reco8nised as resources exp01 &8 soon a5 thffe i81¢841 or Li)nstructive obligation L¥)nllrritting the charity to the expendit1& All eXpdIture i8 accouDtcd for on fin ac£n8 ba8i& 1.6 Tmglble fIX amets for llse by charlty These are ¢apits]i8&1 if they &qn be used for more than one year. They are valua at C08L Depreciation is reola¢d so 88 to write off tbe cost of assets over their usefu] ]ive8 on the followillg bascs: - over 25 years on a straigbt lin¢ basi8 - 15•/0 on a reducing bal&ncc basis - 200/0 on a Straight line basis Plant & EqUipMt CouLPUtff Equipment
Pag¢ 8 BiILKINGTON COMMuNrrY L]BRARY CIO N4Jtes to the Acc4)unts forthe year 4nd¢d 31 Dwembw 2025 Donadom and leRa¢l•4 2025 2024 5893 1.500 549 I,ioo 430 Nuneaton Table 1,530 9,072 1.530 eoJDe from ChArltAble Aedvltk8 2025 2024 12,379 1,792 10,163 281 11,638 2,192 6,lJ73 21 Book 5aks Swithy iticome 24.615 19,924 Ineome from Tnvethts 2025 2024 737 737 Costs of Operallng LlbrAry S¢Tvlet 2025 2024 1,061 4,743 993 6,639 6,088 572 152 415 1268 1,205 121 178 149 250 792 1,680 IA8ht and heat Telephone Prinling. w$tage and stationery Computer costs 653 196 191 1,341 1,668 269 344 331 261 834 1283 Café consum1¢3 Window cleanitig and cleaning mat¢riS Waste dispos Sundry expa18es Christs8 grotto expenses A¢¢owitancy Dewe¢iation 14J79 20.502
Page 9 BULKll¥GTON colTy LIBRARY CIO Notes to the Accounts for the year ended 31 Deeemb¢r 2025 Tan*le A88ets Flxi)wcs & Leasehold Computer Equlpment Property ll1pMent COST At start Additions Di8P08al 9.717 11.115 22,832 6(M) 600 9,717 11.115 23.432 DepreclatloD At start CbarB¢ for year Eliminatson Te disposal 5J28 658 2,525 505 2,(K)O 120 9,853 1283 5,986 3,030 2,120 11,136 Net book value At start 4a89 8,590 12,979 At end 3,731 8,085 12296 Current asRt Investowit 2025 Unity Trust I fixd bond 10,737 10,C4)) Credttors: amounts falung due wlthln one year 2025 2024 834 792
Page 10 BULKtNGfoN COMMUNfrY LIBRARY CIO Notes to the Acunts for the year ended 31 December 2025 Trustee5 trADsactlon% remuneratlon expenses Tr truste&8 did not receive any remuneration during the peri. There w¢re no relat paty transactii)n8 dwing the year. 10 An8ly8ls of net assets between funds UDrestrletEd GeDeral ReBtrl¢ted Tot Fixed assets 12.296 48,208 (834) 12,296 48208 (834) Current liabilitieB Net assets at 31 Dec¢b 2025 59,670 59,670 11 Fundi Unre8tricted genuAI funds comprise those funds whith the trustee8 are free to Use in aeeoraance with the ¢haritable objects.