for the Period Ended 30 April 2024
Directors report | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 April 2024
Principal activities of the company
Additional information
inancial Report Grant funding and donations continue to be the main income for the LOT while the project is in the development stage. This year the LOT received a grant from Manchester City Council alongside over £6000 from a crowdfunder and a donation of £2500 form another similar organisation with surplus funds. Since buying the shipping container, spending has been largely on “things” to stock the library and organisational spending such as insurance and IT systems. In respect of assets there has been a large increase in the value of the assets the library holds. In the previous year the main asset was the shipping container which cost just under £5000. This year we had included the “things” either donated or bought for the LOT. Where these are bought new the price paid has been used to calculate the value. where the items are second hand an average second hand price has been used (using figures from the likes of ebay). Directors Remuneration No remuneration was received Transfer of assets other than for full consideration No transfer of assets made.
Directors
The directors shown below have held office during the whole of the period from
1 May 2023
to
30 April 2024
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
And signed on behalf of the board by:
Name:
Status: Director
As at
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Intangible assets: |
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Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
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Debtors: |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 4 |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Members' funds | |||
Profit and loss account: |
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Total members' funds: |
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The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 April 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 30 April 2024
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Average number of employees during the period |
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for the Period Ended 30 April 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 May 2023 |
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At 30 April 2023 |
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for the Period Ended 30 April 2024
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Bank loans and overdrafts |
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Amounts due under finance leases and hire purchase contracts |
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Total |
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We are in the process of setting up a Library of Things to help the community access the "things" they need to live their lives, save money and also help the environment. This year we have again been focused on getting the library ready for lending. The community has been a huge part of this process and has supported the LOT through donations of "things", time (to help with sorting, cleaning, gardening and testing) and also financially via a crowdfunder. The LOT will open in the next financial year (summer 2024)
We've been running a survey since the idea of the LOT formed and have regularly reviewed these results. While we are in the planning stage of the LOT the survey results are integral to meeting the needs of the community. For exampl, we have asked people what days and times woudl be best to open and what items they want the LOT to stock.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
10 October 2024
And signed on behalf of the board by:
Name: Maria Houlihan
Status: Director