SHARE SALISBURY (A LIBRARY OF THINGS) CIC

Company limited by guarantee

Company Registration Number:
13243164 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

SHARE SALISBURY (A LIBRARY OF THINGS) CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SHARE SALISBURY (A LIBRARY OF THINGS) CIC

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The principal activities of the company during the period were providing an item loan service and a monthly repair cafe to the community of South Wiltshire,



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Mr D Dunford
Mr A Goehl
Miss E McHugh
Mr B Thompson


The directors shown below have held office during the period of
17 June 2022 to 31 March 2023

Ms E Goulden
Mr P Houghton
Ms A Newbery
Mrs T Rogers
Mrs E Walker Gunns


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
4 July 2023

And signed on behalf of the board by:
Name: Mrs T Rogers
Status: Director

SHARE SALISBURY (A LIBRARY OF THINGS) CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023 13 months to 31 March 2022


£

£
Turnover: 4,897 2,774
Gross profit(or loss): 4,897 2,774
Administrative expenses: ( 7,570 ) ( 6,338 )
Other operating income: 4,093 9,026
Operating profit(or loss): 1,420 5,462
Profit(or loss) before tax: 1,420 5,462
Tax: ( 553 )
Profit(or loss) for the financial year: 867 5,462

SHARE SALISBURY (A LIBRARY OF THINGS) CIC

Balance sheet

As at 31 March 2023

Notes 2023 13 months to 31 March 2022


£

£
Fixed assets
Tangible assets: 3 3,258 2,552
Total fixed assets: 3,258 2,552
Current assets
Cash at bank and in hand: 3,072 2,911
Total current assets: 3,072 2,911
Net current assets (liabilities): 3,072 2,911
Total assets less current liabilities: 6,330 5,463
Total net assets (liabilities): 6,330 5,463
Members' funds
Profit and loss account: 6,330 5,463
Total members' funds: 6,330 5,463

The notes form part of these financial statements

SHARE SALISBURY (A LIBRARY OF THINGS) CIC

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 4 July 2023
and signed on behalf of the board by:

Name: Mrs T Rogers
Status: Director

The notes form part of these financial statements

SHARE SALISBURY (A LIBRARY OF THINGS) CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SHARE SALISBURY (A LIBRARY OF THINGS) CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 13 months to 31 March 2022
    Average number of employees during the period 0 0

SHARE SALISBURY (A LIBRARY OF THINGS) CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 2,552 2,552
Additions 706 706
Disposals
Revaluations
Transfers
At 31 March 2023 3,258 3,258
Depreciation
At 1 April 2022
Charge for year
On disposals
Other adjustments
At 31 March 2023
Net book value
At 31 March 2023 3,258 3,258
At 31 March 2022 2,552 2,552

COMMUNITY INTEREST ANNUAL REPORT

SHARE SALISBURY (A LIBRARY OF THINGS) CIC

Company Number: 13243164 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Share Salisbury (A Library of Things) is a community item hire service, offering a range of memberships to suit all budgets. Our ever-growing collection includes things like Camping equipment, DIY tools, event shelters, Kids games and electronic items plus so much more! This provides people with access to items which may have previously been unaffordable, required for single use only or inconvenient to store at home.The library of things opened in June 2021 and continues to offer the following services to the community;- Providing a place where people can borrow instead of buying new- Half-term toy swaps with another local CIC (Quench Salisbury)- Attending community events throughout the year including People in the Park, Big Bash on Bemerton, Christmas Fayres, Fun in the Park (council community event), and other local events.By March 23 - we had a total of 717 members registered with an online account. - we had completed a total of 905 loans in the year.

Consultation with stakeholders

Directors & volunteers are all directly involved with decision making and development. We take requests from our members in the community as to what they would like to see available to borrow in the Library of Things next. The item requested is then put on the wish list for item donations or sourced using spare funds.

Directors' remuneration

Included within marketing and promotion is an amount of £1,900 paid to E McHugh, director, for digital marketing services. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
13 October 2023

And signed on behalf of the board by:
Name: Eva McHugh
Status: Director