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 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

SHARE SALISBURY (A LIBRARY OF THINGS) CIC

Contents of the Financial Statements

for the Period Ended 31 March 2024

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 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

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 2023 to 31 March 2024

Mr D Dunford
Ms E McHugh
Mr B Thompson
Ms E Goulden
Mr P Houghton
Ms A Newbery
Mrs T Rogers
Mrs E Walker Gunns


The director shown below has held office during the period of
1 April 2023 to 1 September 2023

Mr A Goehl


The director shown below has held office during the period of
1 September 2023 to 31 March 2024

Mr K Patel


Secretary Mr B Thompson

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
14 January 2025

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 2024

2024 2023


£

£
Turnover: 6,156 4,897
Gross profit(or loss): 6,156 4,897
Administrative expenses: ( 7,144 ) ( 7,570 )
Other operating income: 5,969 4,093
Operating profit(or loss): 4,981 1,420
Profit(or loss) before tax: 4,981 1,420
Tax: ( 946 ) ( 553 )
Profit(or loss) for the financial year: 4,035 867

SHARE SALISBURY (A LIBRARY OF THINGS) CIC

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 5,068 3,258
Total fixed assets: 5,068 3,258
Current assets
Cash at bank and in hand: 6,243 3,072
Total current assets: 6,243 3,072
Net current assets (liabilities): 6,243 3,072
Total assets less current liabilities: 11,311 6,330
Provision for liabilities: ( 946 )
Total net assets (liabilities): 10,365 6,330
Members' funds
Profit and loss account: 10,365 6,330
Total members' funds: 10,365 6,330

The notes form part of these financial statements

SHARE SALISBURY (A LIBRARY OF THINGS) CIC

Balance sheet statements

For the year ending 31 March 2024 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 14 January 2025
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 2024

  • 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 2024

  • 2. Employees

    2024 2023
    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 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 3,258 3,258
Additions 1,810 1,810
Disposals
Revaluations
Transfers
At 31 March 2024 5,068 5,068
Depreciation
At 1 April 2023
Charge for year
On disposals
Other adjustments
At 31 March 2024
Net book value
At 31 March 2024 5,068 5,068
At 31 March 2023 3,258 3,258

COMMUNITY INTEREST ANNUAL REPORT

SHARE SALISBURY (A LIBRARY OF THINGS) CIC

Company Number: 13243164 (England and Wales)

Year Ending: 31 March 2024

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. This provides people with access to items which may have previously been unaffordable, required for single use only, or inconvenient to store at home. Since June 2021 we have offered the following services to the community: - Providing a place where people can borrow instead of buying new - Attending community events throughout the year - Monthly repair cafes offer repairs of electrical, clothing, jewellery, books, bikes and other portable items. By March 2024 the Library of Things had a total of 1,147 members registered with an online account and had completed a total of 1,273 throughout the year. The Repair cafe attempted 448 repairs and was successful in repairing 354 items throughout the year for people in the local community.

Consultation with stakeholders

Directors & volunteers are all directly involved with the decision-making and development of the Library of Things and the Repair Cafe. 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 £2,200 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
14 January 2025

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