LIBRARY OF THINGS SALTBURN CIC

Company limited by guarantee

Company Registration Number:
12923038 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

LIBRARY OF THINGS SALTBURN CIC

Contents of the Financial Statements

for the Period Ended 31 October 2024

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

LIBRARY OF THINGS SALTBURN CIC

Directors' report period ended 31 October 2024

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

Directors

The directors shown below have held office during the whole of the period from
1 November 2023 to 31 October 2024

GREENWOOD, Ruth
MCLAUGHLIN, Rowan, Mx
SMITH, Margaret Joan


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
10 February 2025

And signed on behalf of the board by:
Name: SMITH, Margaret Joan
Status: Director

LIBRARY OF THINGS SALTBURN CIC

Profit And Loss Account

for the Period Ended 31 October 2024

2024 2023


£

£
Turnover: 784 340
Cost of sales: ( 200 )
Gross profit(or loss): 784 140
Administrative expenses: ( 3,821 ) ( 2,346 )
Other operating income: 4,469 310
Operating profit(or loss): 1,432 (1,896)
Profit(or loss) before tax: 1,432 (1,896)
Profit(or loss) for the financial year: 1,432 (1,896)

LIBRARY OF THINGS SALTBURN CIC

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 3,308 1,994
Total current assets: 3,308 1,994
Creditors: amounts falling due within one year: 3 ( 3,772 ) ( 3,890 )
Net current assets (liabilities): (464) (1,896)
Total assets less current liabilities: (464) ( 1,896)
Total net assets (liabilities): (464) (1,896)
Members' funds
Profit and loss account: (464) ( 1,896)
Total members' funds: ( 464) (1,896)

The notes form part of these financial statements

LIBRARY OF THINGS SALTBURN CIC

Balance sheet statements

For the year ending 31 October 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 10 February 2025
and signed on behalf of the board by:

Name: SMITH, Margaret Joan
Status: Director

The notes form part of these financial statements

LIBRARY OF THINGS SALTBURN CIC

Notes to the Financial Statements

for the Period Ended 31 October 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Other accounting policies

    Basis of preparation The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. Presentation currency The accounts are presented in £ sterling.

LIBRARY OF THINGS SALTBURN CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

LIBRARY OF THINGS SALTBURN CIC

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Accruals and deferred income 1,239 1,424
Other creditors 2,533 2,466
Total 3,772 3,890

COMMUNITY INTEREST ANNUAL REPORT

LIBRARY OF THINGS SALTBURN CIC

Company Number: 12923038 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

The core purpose of Saltburn Community Response (SCR) is to promote and organise community activities around the themes of community, wellbeing and environment. Following consultation and discussion with community members in March and April 2024 it was agreed that we would continue to organise and support activities that promote community connection, connection with people, between people and between groups in the community. The Well Being Fair we organised in October 2023 was a successful event involving charities and local community groups and it was felt that we could build upon this in the coming year. The Library of Things (LOTS) project continued to grow and develop. Funding was applied for to extend this project so that it could be more sustainable. We received funding from the Electrical Safety Fund (£2200) and Woodsmiths (£2000). The main regular source of expenditure for the Library of Things is the monthly rent for storage space and for people to come to hire the equipment. This funding then provided some security for rent and enabled us to purchase more tools and equipment for hire. The funding from the Electrical Safety Funding included the purchase of a PAT testing kit and training for one person to be qualified to use the kit. This was completed in February 2024. This means that we are now self-reliant for PAT testing electrical equipment, and this will save money and time. The Library of Things relocated to a new venue, Creation (art and craft studios) in the centre of town, it is an accessible venue and people visit there to view the art/craft items on sale. The rent is also cheaper at £100 per month. We supported the restarting of Keeping it Clean at Saltburn (KiCaS), a monthly beach cleaning event that had stopped for various reasons. This is now happening regularly on a monthly basis and has become an engaging community event. The Saltburn Directory of activities and groups in the town continues to be in use, hard copies are available in the Community Cupboards and at the Library. A copy of the directory is also pinned to the Saltburn Community Response Facebook group / page. The directory will be updated. Community Cupboards have continued to be maintained and looked after by members of the community and following consultation it was agreed that these would be Little Libraries so that people could give and take books to read. Warm Spaces were again set up and publicised in the town in the winter months so that people could access warm places with free drinks and in some venues food is provided. Our other activities have included various workshops, Christmas jumper, Halloween bunting and pants workshops with a purpose of bringing people together and promoting recycling and sustain-ability. We have also held seed and seedling swaps and an Easter trail. As the main active project has been the LOTS the directors decided that the company name should reflect this change, and this will be the focus for our activities. The focus and name change starts at the beginning of the next financial year, 01.11.2024.

Consultation with stakeholders

Community members were invited to meet up to identify projects, activities and priorities for Salt-burn Community Response. Community Builders represent a diverse range of community groups, ages and individuals including Saltburn Valleys, Saltburn Community and Arts Association, Rotary Club, local councillor, youth group and Wild Things (outdoor activities for children and young peo-ple). Community meet ups were held in 05.03.2024, 08.04.2024, 10.06.2024, 05.08.2024 and 14.10.2024 and all members of the community were invited so that priorities for Saltburn Community Response could be decided and activities planned.

Directors' remuneration

Workshop delivery including materials for Ruth Greenwood £56.50 No other renumeration.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
10 February 2025

And signed on behalf of the board by:
Name: SMITH, Margaret Joan
Status: Director