STREETLIBRARY TRST ACCOUNTS 31 MARCH 2025 Charfty Number 1203904 CHALMERS HB LTD Chartered Accountsnts 20 Chambedain Street Wells Somerset BA5 2PF
THE STREEf LIBRARY ACCOUNTS YEAR ENDED 31 MARCH 2025 CONTENTS Trustees, annual report Receipts and PaJTnents Accounts Supplementary Notes to the Accounts
Trustees. Annual Report for the period Period start datè Period end date Vajr From 01 04 2024 To 31 OJ 2026 Section A Reference and administration details Charity name Street Library Trust Other names charity is known by The Street Library Registered charity number lif anyl 1203904 Charity's principal address CIOI Mr Richard Bancroft Clark 6 Leigh Road, Street Somersel Po$t¢ode BA16 OHA Name8 ofthe charlty trustees who managè the charlty Dates acted if not for whole ear Trustee name Offlce Ilf any) Name of ptrnon lor body) entitled toa C+lnt trustee Ifan MrR B Clark Trustee Mr M Lovell Trustee Trustee Mr W R Clark Names of the trustees for the charlty, If any, (for example, any custodian trustees) Name Dates acted if not for whole ear None Names and addressès of advlsers {Optlonal Informatlonl e of adviser Name Address Accountants Chalmers H8 20 Chamberlain Street, Wells. BA5 2PF Name ofchief executive or names of senior staff members (Optlonal Infomiationl Section B Structure, overnance and mana ement Description of the charity's trusts CIO Objects created 7 July 2023 Type of governing document How the charity is constituted cio
The exisling TrLthes hwe the pw to appoint trustees Addltlonal govemanco Issues (Olxional Inf(mation) Comparatlves and Converslon to CIO The trustees have aGted on advice during the previous year to o)nvert the prevNJJsty estat4k8hed ¢harTty (3099421 to a CIO and this took effect on 6th November 2024 when all assets were transfeThed. You may choose to include addlOnal informatK>n, relevant, ab)uL' policies and procedures adopted for the induction and training ofnees', the charitys ganiSatiOnal struthre any wider network with whtch the dwrity Therefore the crynparatr¥e fvJures in acc4)unts are fcf the short period from & Novwnber 2023 to 3111 Marth 2024. Trustse appoirthient The trustees are apporited ty the Board of Tn. with(Mrt restriction on the length of time they w serve the trust. relationship with any related parties: . trustses, conswJwion of major risks and the system and edureS to rnanaJ8 Related Parties During the perK. Cryin HaH Tntst pr(Nid&l maintenance reLited Servi to the twst arrthinting to £1675.76 {2024 perDd: £428) and The Joseph & Francis Clark Charrlable Trusl provided recharged maintenar costs and office, se¢xetsro1 and bcokkeeping 8eNices to the trust anx)unting to £2.149.91 (2024 per.. £128>. Mr W Clark and Mf M L1 is also a Trustee of The Crisixn Hall Trust arKI Mr W R Clark are also a trusiees ofTr Joseph & Franc Clark Charilabk TrusL The rechavjes belween tntsts are carrd oul a fair apportKJnrnènt basis and alcAY8 a number cl charittes and trusts to be run as efficienty as possible fr(ffi a siigle bose. DurirKJ the pml, FoJryYnt has been made of £645 for maintenance related work carried by Street ProFeiiEs LLP of whth Mr W Clark is a rrwnber. Thks transaraion was carried out on an arms length basis. One Trustee. Mr W Cl¥K has been rambursed £1.424 (2024 Perfod: Nil) being expenditure on behalfof the dwity. Major Rlsks The trustees have consid the risks facing the charlty and laken Section C Ob"ectives and activities The object of the CIO is to advance the education ofthe public in tF tovm of street and the surrounding area or communities by operatlng and ing a lendiThJ lknTrry. Summary of the objects of the charity set out In its governing document
Summary ofthe maln activitses undertaken for the publi¢ benefft In relallon to these objects Ilnclude within this section the statutory declaration that trustees have had regard to the guldance Issuad by tho Charlty Commlsslon on publlc benefit) The liLYary faciky has bean rdLated li tyder to alkw signfficant repair work to be tsnied on the property. The extent ofthe work i8 such that this take some tine. but the intention remains for Ihe Ibi rary to reium to the prO[ty upon ccfflpletion. In the meantime, the charity Is )nlinuing to siwJ1 the tsrary in ils leI)0rary honx. The northem garden Temans open to the public. The twstees that th have Compl with the duty in sethon 17(5> ofthe CharitEs kt 2011 to have due regard to the public Ineffl guidance publish ty the C(¥Ymission. Additional detalls of objecllves and athl1 (Oplional infonth) You may choose to inc further statements, whwe relevant, about.. t#Jiw on granlrnking,. ' wlicy programrre retaied investmert )ntritrArtion made by volunteers. Section D Achievements and performance During the period, the trt has been able to o)ntinue to ffeet ts charilable oty&bves. summary of the main achlevements of the charlty durfng the year Section E Financial review The Trust's reseNes is to maintsin a sufficAent level of reserves nessary to gerrate the incwt requir&J to run the trust on a Brfef 8tstement of th¢ ¢harlty8 pollcy reserves None Delalls of any funds nytorfalty In defidt
Further financial review details (Optional infomiationl The principal funding Sour of the trust is the income from investments. You may choose to include additional information. where relevant about.. the chartty's principal sources of funds {including any fundraisingl., how expenditure has supported the key objectives of the charity-, investment policy and objectives including any ethical inveslmenl policy adopted. The trustees review the investment strategy and the investments and are happy with the suilabilty of these in accordance with the Trustees Act 2011. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees. report above. Signed on behatf of the charity's trustees Signaturels) Full namelsl Position {eg Secretary, Chair, etcl Lo JeLU- Trus Trustee Date 9 20LS
CHARITY COMMISSION FOR ENGLAND ANI D WALÉS Stre•t Ulxary Tn Receipts and payments accounts CC16a Forthè period frorn 011011x4 31nY202S Section A Receipts and payments Unrestrictod Rostri¢tod EndownYnt Total funds Lastyoar ioth• A1 Ree¢1 2A72 109 2A72 D¢nabonS Sub total(G&s1COrne lor ARI 2.581 2,501 A2 knet and inve5tffrrt sales, Sub total 21 2.$01 2Pa nts lh5vllCe 6JS0 1.320 1.597 329 1J20 SecreMal 8ookk•gPing J29 Legal 8PtDfe35ional Fees Repairs and kL4iffltsnanc• Gardeffl Ikjntefflante 3M45 2f.5UQ 470 1A49 29 1.449 OtherwFenlliWJi 20 20,026 Sub total J9.O94 39.094 MPss0t8nd In¥&Int ur¢haso& see tsblel Oivid8nds reinv8st8d Sc4ffolQiny Purcaaed 20.370 JOA42 Sub total JOJ42 69.936 OYJJB 22.527 NetofoceiW[paYments) S Transfers beh%en funds Cash funds last ond Cash this yearend 67J55 3.247 16J.117 1247 15.755 178,8n 111,517 19B.858 1?8.8
Section B Statement of assets and liabilities at the end of the period L5nresiri¢ted fvn Restrict¢d funds EndownYnt fund5 C,liocJorie5 tOllEafE5t£ ILInrestE B1 Cash funds CuttentJkrJnl 4NSS YJ54 12.5QB Toralca5h fvnd5 11508 Unwstrict•d lunds Rèstrict•d funds torn•r•st£ Endowftwnt funds Curr•ntts71u• )nal 42.940 Detai Unl 5hwBs •ss•t B3 InvestsnentassÈts Lisd UnilTn#lx End{Wlint FlOwhh ass Un¥4 OArr•ntbilu• Oetads setlLibrtryLafvJ#ThJ B4 Assets r8lain8d forthe ¢harity'5 own us 20A70 AmL¥Jrtd Wtsnd BS Liabir0$ 291 <1Y••r GM8ralCrthh 3)6S try arknlo¥l¢w tthalf trtstru51ee5 Dale of
THE STREEf LIBRARY NOTES TO THE Accoumrs YEAR ENDED 31 MARCH 2025 The following w do not forni rArt of the ALxixuts to be suixnitted tothe CTharity Cotrmnission
THE STREET LIBRARY NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025 BASIS OF PREPARATION In order to minimise the administrnlive cosi th¢ charity. the TnL8es have chosen to adopt the Recei and Payments mdh(Ki of preFwing the annua] acLy)unts. The charity is eligible to athpt this basis of prepaTrtion uTrJer the size criteria set out by the Charity Commission. I. INVESTMENTS Under the receipts payments methcA of reiM)rtin& the accounts exclude revaluation gain5 a1 losses. The Movemeni in markd Val for the year is as follows: Movemettt iti mrktt vlu¢ 2025 2024 ONing Markd Value Disposals (at okxning value) Acquisitiows Dividends reinvestJ N¢t gain{10$$es) on maluations in the year Closing Market Value 192385 180,464 L472 (3602T) 15&530 192185 2.479 3.942 Historical cost at theyear end 373ffj55 371,161 Unlistol inTsents are shown at market value at th¢ye8r end dat The unlisted inve51ments are revalued bMI on Val10n5 of the C&J Clark Limited sharts by BDO. Chart Accountants. The valtiOn in accounts wa5 wepared on 27th Septanber 2024. being the valuation closest to tlr year date. At the year end the vue of unlisted investments £42.940 {3&000 shares at £1.13 per sharex (2024: £74.860 (38.C(Kl shares at £1.97 per share)).
THE STREEf LIBRARY NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025 2. ENDOWMEKT & TRusf RESULTS Under the rcceipLS and yM¢nI iwi& Whe an ETh&)wmeni Fund consists of investments, the i}Me and eX&liturt in connection with it must be ¢la5sed 4$ unrestri¢ted. However, for information purpose5, the receipts and payments attounts have been repmdu¢¢d overleaf, dividin8 the income and expenditure trxtwe¢n the Street Lilw Trust and the Endowinent Fund Str* Ltyryy Slv•¢t Voar to 31rt Poiod ts 3181 2.472 2.472 2XI lop PU11X•f S(4ffobJir 28J70 27WJ 437 19.7JJ 428 19 A¢T9 04.117 -774 4.4n 44N2 Q.4n -17.524 -2.POI 44.1 -3.246 103J17 15rn 178172 198 12. 111.517