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# MANCHESTER LIBRARY OF THINGS CIC

## Company limited by guarantee

## Company Registration Number:
13356470 (England and Wales)

## Unaudited statutory accounts for the year ended 30 April 2025

## Period of accounts

## Start date: 1 May 2024

## End date: 30 April 2025

# MANCHESTER LIBRARY OF THINGS CIC

## Contents of the Financial Statements

for the Period Ended 30 April 2025

Directors report |
Balance sheet |
Additional notes |
Balance sheet notes |
Community Interest Report |

# MANCHESTER LIBRARY OF THINGS CIC

Directors' report period ended 30 April 2025

The directors present their report with the financial statements of the company for the period ended 30 April 2025

Principal activities of the company

The Manchester Library of Things (LOT) provides local residents with access to tools, equipment, and household items for borrowing, promoting sharing, sustainability, and community engagement.

Additional information

Annual Report (1 May 2024 – 30 April 2025) The Manchester Library of Things (LOT) was officially incorporated on 25 April 2021, following the formation of a community group in November 2020 to explore the idea of creating a Library of Things in Levenshulme, Manchester. This marks our fourth accounting year. The project is run by five directors and supported by 14 volunteers. We currently have no paid employees. The LOT officially opened in August 2024, marking a successful milestone in our journey. Highlights of 2024 – 2025 This has been a busy and exciting year for the Library of Things. We began by sorting and cataloguing donations, listing items on the Lend Engine platform, and PAT testing them in preparation for lending. The LOT opened for borrowing in July 2024, initially to crowdfunder supporters and soon after to the wider public. Between August 2024 and April 2025, we achieved the following: 898 sign-ups to the LOT 746 memberships, including 75 annual memberships 13 discounted memberships for low-income members 682 loans made to 242 borrowers In March 2025, we introduced Wednesday evening opening hours (6–8 pm) to provide an additional collection and return slot. Events and Activities July 2024: Hosted a community volunteering day to prepare for the LOT’s launch. December 2024: Held a Christmas celebration with volunteers to acknowledge their contribution and the successful launch. March 2025: Participated in Repair Week, funded by Recycle for Greater Manchester (R4GM). This included giving away five full memberships and running community repair activities. April 2025: Featured on BBC Radio Manchester, discussing the positive impact of R4GM funding on our project.

Directors

The directors shown below have held office during the whole of the period from
1 May 2024 to 30 April 2025

Maria Houlihan
Christine Felton
Laura Deane
Alice Collingwood

The director shown below has held office during the period of
26 April 2025 to 30 April 2025

Sam Tygier

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
20 November 2025

And signed on behalf of the board by:
Name: Maria Houlihan
Status: Director

# MANCHESTER LIBRARY OF THINGS CIC

## Balance sheet

As at 30 April 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: | 3 | 14,167 | 13,553
Total fixed assets: |  | 14,167 | 13,553
Current assets
Cash at bank and in hand: |  | 5,445 | 8,872
Total current assets: |  | 5,445 | 8,872
Creditors: amounts falling due within one year: | 4 |  | ( 167 )
Net current assets (liabilities): |  | 5,445 | 8,705
Total assets less current liabilities: |  | 19,612 | 22,258
Total net assets (liabilities): |  | 19,612 | 22,258
Members' funds
Profit and loss account: |  | 19,612 | 22,258
Total members' funds: |  | 19,612 | 22,258

The notes form part of these financial statements

# MANCHESTER LIBRARY OF THINGS CIC

## Balance sheet statements

For the year ending 30 April 2025 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.

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 20 November 2025
and signed on behalf of the board by:

Name: Maria Houlihan
Status: Director

The notes form part of these financial statements

# MANCHESTER LIBRARY OF THINGS CIC

## Notes to the Financial Statements

for the Period Ended 30 April 2025

- ## 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 Policy Turnover Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenues from grants, donation and membership income. Grant income Grant Income received during the financial year is recognized at the date of receipt. Unspent grant income at the end of the financial year is treated as deferred income. Donations Donations received during the financial year are recognized at the date of receipt. Membership Income Membership Income received during the financial year is recognized at the date of receipt.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are measured at a cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: - Fixtures and Fittings – straight line - Computer Equipment – straight line - Property and Stock – straight line

  Other accounting policies

  Other accounting policies Taxation income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognized on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. Trade and other debtors Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts. Trade and other creditors Short terra creditors arc measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently amortized cost using the effective interest method.

# MANCHESTER LIBRARY OF THINGS CIC

## Notes to the Financial Statements

for the Period Ended 30 April 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# MANCHESTER LIBRARY OF THINGS CIC

## Notes to the Financial Statements

for the Period Ended 30 April 2025

## 3. Tangible assets

| Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total
--- | --- | --- | --- | --- | --- | ---
Cost | £ | £ | £ | £ | £ | £
At 1 May 2024 |  | 8,120 | 790 | 4,992 |  | 13,902
Additions |  | 3,668 |  | 126 |  | 3,794
Disposals |  | ( 940 ) |  |  |  | ( 940 )
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 30 April 2025 |  | 10,848 | 790 | 5,118 |  | 16,756
Depreciation |  |  |  |  |  |
At 1 May 2024 |  | 0 | 0 | 349 |  | 349
Charge for year |  | 1,946 | 74 | 368 |  | 2,388
On disposals |  | ( 148 ) |  |  |  | ( 148 )
Other adjustments |  |  |  |  |  |
At 30 April 2025 |  | 1,798 | 74 | 717 |  | 2,589
Net book value |  |  |  |  |  |
At 30 April 2025 |  | 9,050 | 716 | 4,401 |  | 14,167
At 30 April 2024 |  | 8,120 | 790 | 4,643 |  | 13,553

In our accounts we record assets under "Property & Stock" this is our "things" that get loaned out. We have recorded these under Plant & Machinery here as this is probably the closest asset type.

# MANCHESTER LIBRARY OF THINGS CIC

## Notes to the Financial Statements

for the Period Ended 30 April 2025

## 4. Creditors: amounts falling due within one year note

|  | 2024
--- | --- | ---
|  | £
Amounts due under finance leases and hire purchase contracts |  | 167
Total |  | 167

# COMMUNITY INTEREST ANNUAL REPORT

### MANCHESTER LIBRARY OF THINGS CIC

### Company Number: 13356470 (England and Wales)

### Year Ending: 30 April 2025

Company activities and impact

For the year ended 30 April 2025 The Manchester Library of Things (LOT) provides local residents with access to tools, equipment, and household items to borrow, promoting sharing, sustainability, and community engagement. Between May 2024 and April 2025: 898 people joined, including 746 members (75 annual memberships) and 13 discounted memberships. 682 loans were made to 242 borrowers. The LOT expanded its catalogue through donations, held community events, and participated in Repair Week funded by Recycle for Greater Manchester. Activities were delivered to benefit the community, with all funding used to support operations. The directors confirm the company has pursued its community interest objectives throughout the year.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 November 2025

And signed on behalf of the board by:
Name: Maria Houlihan
Status: Director