FRIENDS OF SOUTHWOLD LIBRARY
Sponsorship of Library events which promote library use and recreational reading to the public. Provision of equipment for the Library. Payment of services provided by the Library for the public.
Financial health, per its FY2025 accounts
The accounts state that the charity raised over £25,000 and incurred expenses of £18,000, resulting in a surplus of over £7,000 for the year. Free/unrestricted reserves increased to £62,040.07, which the trustees consider sufficient to cover ongoing commitments for at least the next financial year. The trustees confirm that targets were met and resources are adequate to continue activities.
What the accounts disclose
“The Trustees have agreed that the Reserves Policy should be to hold funds equivalent to the total of any on-going costs to which FoSL has committed for at least the next financial year” — page 3
Trustees
- Mark Kenneth Eagleschair
- Charlotte Rebecca Clark
- Fiona Elizabeth Anderson
- Honor Manson
- Jennifer Mary Johnson
- Jill Marion Horne
- KATHRYN ELIZABETH STEVENSON
- Mary Anne Louisa Allerton
- SARA LOUISE FARRANDS
- Yvonne Blair
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £26k | £18k |
| 05/04/2024 | £22k | £15k |
| 05/04/2023 | £21k | £21k |
| 05/04/2022 | £11k | £4k |
| 05/04/2021 | £4k | £316 |
Common questions
Is FRIENDS OF SOUTHWOLD LIBRARY financially healthy?
Per its FY2025 accounts: The accounts state that the charity raised over £25,000 and incurred expenses of £18,000, resulting in a surplus of over £7,000 for the year. Free/unrestricted reserves increased to £62,040.07, which the trustees consider sufficient to cover ongoing commitments for at least the next financial year. The trustees confirm that targets were met and resources are adequate to continue activities. Its FY2025 accounts were audited.