Trustees. Annual Report for the period Perioj start date Pen¢) end date From 11 2023 To JI 03 Section A Reference and administration details Charity name. Street Library Trust Other names charity is known by The Street Library Registered charity number lif any) 1203904 Charity's principal ad(tress Clof Mr Richard Ban(ft Cla 6 Leigh Road. Street Somerset Postcode BA16 OHA Names of the charity trustees who manage the charity Trustee nam Offl¢e Ilf any) Dates a¢ted 11 not for wlK•IÈ ear Tnjslee Name ol person lor body) entided toa int trustee llan Mr R B Clark From InCeptn 3rd July 2023 Mr M Lovell Trustee Frcyn Inptn 3 July 2023 Mr W R Clark Trustee Frcffi InptiOft 3rd Ju 2023 Names of the trustees for the charity. rf any. (for example. any custodian trustees) Name Dates acted rf not for whole ear None Names and addresses of athilsers (Optional information) of adviser Narne Add$$ Accounlants Chalmers HB 20 Chamberfain Street. Wells. 8A5 2PF Name of Chief executive or names of senior staff members (Optional infomiionl Section B Structure, overnance and mana ement Description of the charity's trusts CIO Objects created 7th July 2023 Type of goveming d¢xument
How the charity is constituted cio Trustee selection methc#Js The existing Twslees have the power to apwnt new trustees Additional govemance issues {Optional Inforniation> Cessation and Conversion to CIO The trustees have acted on advice during the year lo convert the previwsly established chanty13099421 to a CIO and this look effect on 6th November 2024 when all a55ets were Iransfwed. You may choose lo indude additional infomialion. where relevant. about.. policies and procedures adopted for the induction a1 training of trustees., the Charity's organisab.onal structure and any wider neOrk with which the charity works.. Therefore these accounts have been written up from that dale when the activities of that charity ased. The activity is deemed lo continue, so the opening balances are those transferred from the old chanly and the comparative figures in the aountS are the last financial peri¢JJ of the old charity. Trustee appointment The Iruslees are appointed by the Board of Trustees. without restriction on the lerrfJlh of time they may serve the tfust. relationship wrth any related parties; trustees, consideration of major risks and the system and procedures to manage them. Related Parties During the period. The Crispin Hall Trust provKled Maintenan related services to the trust amunting lo £42812023." £1,078) and The Joseph & Franci5 Clark Charitable Trust provided recharged ma1nlenance costs and office. secretarial and bwkkeeping services to the trust amounting to £128 12023. £2.545} The trustees are also iruslee5 of The Crispin Hall Trust and tx)th Mr R Clark and Mr W R Clark are also a twstees of The Joseph & Francis Clark Charitale Trust. The recharges between trusts are carried out on a fair apportionment basis and allows a numLer of charities and trusts lo be run as effiaenlly a5 possible from a single base. Major Risks The trustees have considered the major risks facing the chanty and taken steps to k55en these risks. Section C Ob'ectives and activities The object of the CIO Is to advance the education ol the public In the town of street and the surrounding area or communities by operating and managing a lending library. Summary of the obj'ects of the charity set out in its governing document
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this se¢tion the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) The library facility has been relocated in order lo allow significant repair work lo be caTTEd out on the propety. The extent of the work 15 such thai this may take some time. but the intention ¥emains for the library to return to the property upon mpletIOn. In the meantime. the charity is continuing to support the library in its temporary home. The northern garden area remains open to the public. The trustees Confi that they have complied wth the duty in section 17151 of the Chanlies Act 2011 to have due regard to Ihe public benefit guidance published by the Commission. Additional detslls of objectives and activities (Optional infonnation) You may choose lo include further statements, where relevant. atout.. policy on grantmaking". policy programme related investment". contn'bution made by volunteers. Section D Achievements and performance Summary of the main achievements of the charity during the year During the pencNJ. the trust has been al*e to ntrnue lo meet its charitsble objectives. Section E Financial review The Twsl's reserves policy to maintain a sufficient level of reserves necessary 10 generate the income required run the trust on a daY-1cdaY basis. Brief statemeni of the harity's policy on reserves None Details of any funds materially in deficit
Further financial review details {Oplional infomiation) The principal fvrKling srCe of the trust is the income from investrnents. You may choose to indude additional information, where relevant about.. The Iruslees revrèw the investment strategy and the investments and are happy with the surtability of tt)ese in accordance wth the Trustees Act 2011. the charity s principal sources of funds lindltding any fundraisingi- how expenditure has SUPPOrted the key objectives of the charity., investment policy and obieclives Including any ethical investment wlicy adopted. Section F Other optional information Section G Declaration The trustees declare thal they have approved the trustees, report above. Slgned on behalf of the charity'$ trustees Slgnature(s1 o, Full name{s) Position (eg Secretsry, Chair. etc) rL ICH A%LtJ CLAO Twstee MALl1fy1 U)ViL Trustee Date ?(tr
CIIARITY (OMMISSION 5tr••1 Llbrary vvu Receipts and payments accounts CC16a For ihe peri1 from Section A Receipts and payments Vnrestricied funds Resif.iied fund5 Tdal fund$ L• y•ar f•th•v•r•siÉ luth•Mw•5tE toth• Mar¢4t¢ A1 R•¢•i DIA#n#s 2.501 Sub lot•l(Gross in¢om• br ARI 2J01 2JQl A2 •fyl knv•sirrnl les, Sub tot•1 rolalrn¢ 2.bol Insur•n¢• •90 8oDk••pin fy•nts al & PrDl••iithi•l F••¥ 2Jt2 15.713 11.733 J66 428 421 ••rfityJl• Jo Sub tot•1 20.021 A4 I6sel and In¥estmènl 5•• tab Dividends reinvested 2Jtyl Sub toi•l 2.101 3.SOI 21517 22.$27 21.•OT N•tofr•¢•iMslp•ym•nts) . AS Translers betben funds Cash funds 5t par end C•$h funds Ihl$ yMr•nd J.B45 19.100 17•.2 224.W¢ 1•B.411 113.11 14.7 178,172
Section B Stslement of assets and liabilities at the end of the period Unrestricted funds Resiricted lun(L5 Endo4Mrent funds tonar•sl t 81 Cash funds ISIJOF 1$.75S fot•l¢•sh fvnds I.•17 14,7SS Unrestricted Restricted funds B3 Inv•stm•nt •ss•ts Unl110$hS L15dYnlTty Cwr•nl Dtiails B4 As%•tS rntsln•d lorth• ¢h•rlty'S own u Jlowhkth Delails 85 Llab11th5 Vnieskncknj 11.60$ <IY•ar rn•r•ct•thkyS JJ)20 Oeof mpItLI bl£LL