for the Period Ended 31 March 2025
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes | |
| Community Interest Report |
for the Period Ended
| 2025 | 2024 | |
|---|---|---|
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£ |
£ |
| Turnover: |
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| Cost of sales: |
(
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(
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| Gross profit(or loss): |
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| Administrative expenses: |
(
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(
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| Other operating income: |
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| Operating profit(or loss): |
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| Profit(or loss) before tax: |
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| Profit(or loss) for the financial year: |
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As at
| Notes | 2025 | 2024 | |
|---|---|---|---|
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£ |
£ |
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| Fixed assets | |||
| Tangible assets: | 3 |
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| Total fixed assets: |
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| Current assets | |||
| Debtors: | 4 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 5 |
(
|
(
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| Net current assets (liabilities): |
( |
( |
|
| Total assets less current liabilities: |
( |
( |
|
| Accruals and deferred income: |
(
|
(
|
|
| Total net assets (liabilities): |
( |
( |
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| Members' funds | |||
| Profit and loss account: |
( |
( |
|
| Total members' funds: |
( |
( |
The notes form part of these financial statements
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 31 March 2025
Basis of measurement and preparation
Tangible fixed assets depreciation policy
for the Period Ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| Average number of employees during the period |
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for the Period Ended 31 March 2025
| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
|---|---|---|---|---|---|---|
| Cost | £ | £ | £ | £ | £ | £ |
| At 1 April 2024 |
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| Additions |
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| Disposals | ||||||
| Revaluations | ||||||
| Transfers | ||||||
| At 31 March 2025 |
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| Depreciation | ||||||
| At 1 April 2024 |
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| Charge for year |
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| On disposals | ||||||
| Other adjustments | ||||||
| At 31 March 2025 |
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| Net book value | ||||||
| At 31 March 2025 |
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| At 31 March 2024 |
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for the Period Ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Prepayments and accrued income |
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| Total |
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for the Period Ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Taxation and social security |
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| Accruals and deferred income |
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| Total |
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The company is a Community Interest Company based in Luton, which has been set up to encourage a love of reading and creative writing at any age through a range of events, activities and initiatives, and to promote the early uptake of reading in children. It does this through the community bookshop, Brown Books, and various funded projects - Luton Literature Book Festival, Storytelling, etc. In this period, Luton Literature and its directors, staff and volunteers: Delivered the second bi-annual major book festival in November 2024 at The Hat Factory in Luton. This was ACE and Luton Rising funded and also received sponsorship this year. Secured continued unrestricted funding for two project and volunteer coordinators to work in the bookshop, employing local people. Delivered the Citizens Fund project objectives from the successful application to Bedfordshire and Luton Communities Fund for 2024/25. Successfully applied to Bedfordshire and Luton Communities Fund for further funding from the Citizens Fund for 2025/26. Delivered the National Lottery Communities Funded creative writing project aimed at young people from three groups - care leavers, young carers and LGBTQIA. Continued to run regular book clubs in the shop as a joint project with Luton Central Library and allow school visits. Delivered a number of arts and crafts, and storytelling session for children. Successfully relocated the bookshop into a temporary home in Luton Point from March 2025 following a serious flood caused by faulty pipes in the flat above the shop in January, allowing the company to reach new audiences who previously didn’t know we existed – what started as a disaster became a real opportunity to grow further.
The company will serve the people of Luton and the surrounding area who have limited access to libraries and literature initiatives. The service users and other key stakeholders have been identified and consulted with on an ongoing basis since the projects are up and running. Should any new projects unearth any new stakeholders, these people will be consulted with on a regular basis.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
24 June 2025
And signed on behalf of the board by:
Name: Miss M.M. Brown
Status: Director