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Wednesday, 28 August 2019

Returning to the Odd Finances of Preston Library

Remarking on the odd intervention of the Secretary of State for CLG to the Planning Committee, I have been thinking more about the curios nature of the financial decisions made by Brent Council.

The "Preston Library" charity makes its financial details available via the Charity Commission.  For the year up to 1 April 2018 there appears to be an income of £10,600 and an expenditure of £8,500 for the year.  The grants of CIL money to this group seems to be vastly out of proportion to its ability to spend it.

I highlighted previously, that the Council appears to be willing to give this group more than £250,000 as a one off grant.  This reportedly includes £18,000 for a reception desk.

A Long Lease
The proposal for a 49 year lease also looks very odd.   A previous Council report estimated the potential rent of the building to a market level would amount to about £50,000 per year.  If peppercorn means zero, that means the Council is considering giving this group the equivalent of almost £2.5 million over 49 years.  That is a lot, and for a very long time.  I would expect most leases on buildings to be for say seven to ten years, why should this group be given such a long lease?

The group itself claims to be a temporary organisation, telling the Brent Times that:


"All of us at Preston Community Library agree that public libraries should be publicly funded, and run by paid professional staff.  But, as custodians - for the time being - of Preston Library we are extremely proud of what we've achieved.”


I wonder if some one at the CLG has noticed all this and is wondering just what is going on between this group and Brent Council?  It certainly is a striking difference with the way that other public services in Brent Council are being savagely cut back.

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