## **Nottingham Imagination Library** **(Registered Charity 1204435)** ## **Financial statements** **for the period 22 August 2023 to 30 June 2024** ## **Nottingham Imagination Library** ## **Trustees report** ## **for the period ended 30 June 2024** **Full name** Nottingham Imagination Library **Organisation type** Charitable incorporated organisation ## **Registered charity number** 1204435 **Principal address:** 20 Carisbrooke Drive Nottingham NG3 5DS ## **Trustees** D Mellen, C Barnard, P Moore, J Galloway ## **Independent Examiner** H.P. Jones 39 Plumptre Way, Eastwood, Nottingham NG16 3LP ## **Governance and management** The CIO foundation is operated under the rules of the constitution adopted on 22 August 2023. Recruitment of trustees is from those with an existing interest in improving the literacy levels for young children and in sympathy with the aims of Nottingham Imagination Library. Appointment is by the existing trustees following an interview and references. ## **Objectives and activities** The objectives of the CIO are to promote early education for the public benefit in particular, but not exclusively by the provision of free, high quality books, monthly through the post, for children aged under five, living in the City of Nottingham. ## **Public benefit statement** The trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have regard to the Charity Commission’s general guidance on public benefit, ‘Charities and Public Benefit’ ## **Summary of main achievements during the period** The book gifting scheme, in the City of Nottingham, operated in conjunction with the Dollywood Foundation UK, had been carried out, from inception in March 2012, through the Rotary Club of Nottingham Trust Fund. With the establishment of Nottingham Imagination Library (NIL), the Nottingham scheme has been transferred to NIL and is fully effective from July 2024. In April 2024 a Big Reading Challenge was held and raised over £3,000. At that date there were 533 children registered in 5 schemes for which NIL will, from the accumulated funds transferred from the Rotary Club, pay for the books for these children ## **Nottingham Imagination Library** ## **Trustees Report (continued)** through to age 5. There are a further 3,842 children registered under the Small Steps Big Changes scheme funded by the National Lottery for a 10 year period until August 2025 ## **Looking Ahead** With the funds held and as more become available it is planned to fund so far as possible the children in the Small Steps Big Changes scheme to the age of 5 when the National Lottery monies cease at the expiry of the 10 year period and to fund books for children in other wards of the City. ## **Policy on Reserves** The policy of the trustees has been to ensure that sufficient funds are available to meet the cost of providing books for children in a particular area before a scheme is established and to meet administrative costs for a six month period. ## **The charity’s risks** The principal risks are the failure of grant applications, donations or fund raising activities which would seriously curtail the ability of NIL to establish new schemes to provide books for children. Signed on behalf of the charity’s trustees Signed. P R Moore Date 6 February 2025 Trustee ## **Independent Examiner’s report to the trustees of Nottingham Imagination Library for the period ended 30 June 2024.** I report to the trustees on my examination of the accounts of Nottingham Imagination Library (the charity) for the period ended 30 June 2024. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’) I report in respect of my examination of the charity’s accounts carried out under Section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section145(5)(b) of the Act. ## **Independent examiner’s statement.** I have competed my examination. I conform that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act or 2. the accounts do not accord with those records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed H P Jones Date 27 January 2025 H.P. Jones 39 Plumptre Way Eastwood Nottingham NG16 3LP ## **Nottingham Imagination Library Receipts & payments account for the period 22 August 2023 to 30 June 2024** ||**Unrestricted**| |---|---| ||**Funds**| ||**£**| |**Receipts**|| |Donations – Big Reading Challenge|3,104.03| |Donations – Other|28.80| |Transfer of funds from Rotary Club of Nottingham Charitable Trust
|65,000.00| |Bank interest|193.77| |**Total receipts**|**68,326.87**| |**Payments**|| |Dollywood Foundation UK- Books delivered|1,153.22| |Bank charges|25.01| |**Total payments**|**1,178.22**| |**Net receipts / Cash funds at end of period**|**£67,148.65**| |**Statement of assets and liabilities**|| |**at 30 June 2024**|| |**Cash assets**|| |Bank accounts CAF Bank Cafcash|2,205.24| |Gold|64,943.41| ||**£67,148.65**| |**Debtors**|| |Rotary Club of Nottingham Trust Fund - balance|| |due to Nottingham Imagination Library|**£17,662.41**| |Of the funds in hand, £38,532 will be required to meet the cost of books for children up to the age of|| |5 of 533 children registered with the scheme.|| These financial statements are accepted on behalf of the charity by: Signed: P R Moore Date. 6 February 2025 Trustee ## **Nottingham Imagination Library Notes to the accounts** ## **for the period ended 30 June 2024** ## **1. Receipts & payments accounts** Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. ## **2. Trustees’ remuneration** Trustees received no expenses or benefits in the period. ## **3. Glossary of terms** **Creditors:** These are amounts owed by the charity, but not paid during the accounting period **Restricted funds:** These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity. **Debtors:** These are amounts owed to the charity, bur not received in the accounting period.