2023-12-31-accounts - The Leeds Library

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			Page
Reference and Administrative Details			1to2
Annual Report - Chair	ofTrustees	Introduction
-Chief	Executive's	Welcome
Trustees' Report			5to13
Independent Auditor's	Report		14to 17
Statement of Financial	Activities		18
Balance Sheet			19
Notes to the Financial	Statements		20 to 33

President	Kevin Grady		(resigned	24 June	24 June	2023)
	Elizabeth Minkln		(appomted	24	June 2023)
Chair	Martin Staniforth		(resigned	24 June		2023)
	Paul Ellis		(appointed	24	June 2023)
Trustees	David Butcher		(resigned	24 June		2023)
	Janet Dominey
	Annie Faulder		(appointed	13	March 2023)
	Simone Ivatts		(resigned	24 June		2023)
	Elizabeth Minkin		(resigned	24 June		2023)
	Ruth Robbins
	Christine Stead
	Patricia Urry
	Philip Walker
	Lily Wong
	Sophie Rumsby		(appointed	24	June	2023)
	Edmund Danon		(appointed	24	June	2023)
	Laurra Davis		(appointed	24	June	2023)
Treasurer	Moade Shubita
Staff	Carl Hutton, Chief Executive (resigned				13October 2023)
	Nina Corey, Chief Executive (appointed				29	January 2024)
	Ashley Cresswell,	Finance Office		(resigned		30September 2023)
	Finnian Davies, Library		Assistant
	Nilmi Day-Gough,	Archives and Collections				Assistant
	Anna Goodridge,	Assistant Librarian
	lan Harker, Communications and Marketing					Officer
	Helen Holdsworth,	Assistant Librarian
	Claire O'Brien, Membership and Development Officer (resigned 13July 2023) Jane Riley, Librarian
	Aidan Thackray,	Library	Assistant
	Thomas Walsh, Caretaker
	Sarah West, Administrator

Principal	Office			18Commercial	18Commercial	Street
				Leeds
				West Yorkshire
				LS1 6AL
Company	Registration		Number	05577905
Charity Registration		Number		1114386
Solicitors				Wrigleys Solicitors LLP
				3rd Floor
				3Wellington	Place
				Leeds
				LS1 4AP
Investment	Advisors			RBC Brewin	Dolphin
				10Wellington	Place
				Leeds
				LS1 4AN
Accountants				Brown Butler	Chartered		Accountants
				Leigh House
				28-32 St Paul's		Street
				Leeds
				LS1 2JT
Bankers				Lloyds
				65-66 Briggate
				Leeds
				West Yorkshire
				LS1 6LH
Auditor				TC Group
				6 Queen Street
				Leeds
				LS1 2TW

			Unrestricted	Restricted	Total	Total
		Note	funds E	funds E	2023	2022 f
Income and Endowment Donations and legacies Charitable activities Investment income Other income	from:	3 4 5 6	141,139 142,755 226,607 14,577	12,500	153,639 142,755 226,607 14,577	402,545 266,810 225,159 13,816
Total income			525,078	12,500	537,578	908,330
Expenditure on: Charitable activities		7	(642,398)	(10,535)	(652,933)	(715,000)
Total expenditure Net gains on investment	assets		(642,398) 8,717	(10,535)	(652,933) 8,717	(715,000) (35,806)
Net income/(expenditure) Transfer between funds			(108,603) 55,551	1,965 (55,551)	(106,638)	157,524
Net movement in funds			(53,052)	(53,586)	(106,638)	157,524
Reconciliation offunds Total funds brought forward		22	7,173,131	53,586	7,226,717	7,069,193
Total funds carried forward		22	7,120,079		7,120,079	7,226,717

					2023	2022
				Note	6
Fixed assets
Intangible assets				14
Tangible assets				15	1,647,154	1,282,976
Heritage assets				16	6,401,032	6,401,032
Investments				17	94,980	176,351
					8,143,166	7,860,359
Current assets
Debtors				18	119,790	91,196
Cash at bank and	in hand			19	56,230	467,220
					176,020	558,416
Creditors: Amounts		falling due within one year		20	(143,595)	(106,788)
Nst current assets					32,425	451,628
Total assets less	current		liabilities		8,175,591	8,311,987
Creditors: Amounts		falling due after more than
one year				21	(1,055,512)	(1,085,270)
Net assets					7,120,079	7,226,717
Funds ofthe charity:
Unrestricted income		funds
Unrestricted funds					7,120,079	7,173,131
Restricted funds						53,586
Total funds				22	7,120,079	7,226,717

Investment income
	Unrestricted	Restricted	Total	Total
	Funds	funds	2023 K	2022f
Other income from fixed asset investments	3,615		3,615	5,218
Income from rents	222,992		222,992	219,941
	226,607		226,607	225,159

Other	income
		Unrestricted	Restricted	Total	Total
		Funds	funds	2023	2022
			6
Thoresby	Society	14,577		14,577	13,816

				Unrestricted	Restricted	Total	Total
				Funds	funds	2023	2022
			Note	6			E
Operation as	a	library		430,677		430,677	459,701
Asset under	construction
(15 Commercial Street) Listed building maintenance Governance costs			8	69,671 94,854 47 196	10,535	80,206 94,854 47,196	61,393 95,844 98,062
				642,398	10,535	652,933	715,000

	Staff costs f	Other support costs f	Total 2023 f	Total 2022f
Operation as a library	220,035	194,966	415,001	438,740
Listed building maintenance	61,788	48,742	110,530	116,805
Asset under construction		80,206	80,206	61,393
	281,823	323,914	605,737	616,938

	Unrestricted	Unrestricted	funds	Restricted funds
			Asset under	Asset under	Total	Total
	Library f	Building f	construction f	construction f	2023	2022f
Premises	104,094	26,024		1,597	131,715	146,705
Postage and printing	10,911	2,728			13,639	10,879
Finance costs	1,034	258	69,671		70,963	50,266
General insurance	20,773	5,193		688	26,654	16,067
Miscellaneous	49,396	12,349		8,250	69,995	23,607
Depreciation	8,758	2,190			10,948	38,723
	194,966	48,742	69,671	10,535	323,914	286,247

					UnrestrIcted	Total	Total
					fundsf	2023 f.	2022
Wages and salaries					25,967	25,967	30,996
Staff NIC	(Employers)				1,862	1,862	1,867
Staff pensions (defined		contribution)	—pension scheme	1	3,064	3,064	3,054
Auditor's	remuneration				11,583	11,583	9,240
Management fees					4,402	4,402	3,900
Legal and	professional	fees					35,806
Insurance					318	318	13,199
					47,196	47,196	98,062

4 Intangible fixed assets
	Website
	costsf	Total
Cost
At 1 January 2023	6,274	6,274
At 31 December 2023	6,274	6,274
Amortisation
At 1 January 2023	6,274	6,274
Charge for the year
At 31 December 2023	6,274	6,274
Net book value
At 31 December 2023
At 31 December 2022

15 Tangible fixed assets
	Assets	Furniture
	under	and
	construction	equipment f	Total
Cost
At 1 January 2023	1,254,891	313,235	1,568,126
Additions	374,667	459	375,126
At 31 December 2023	1,629,558	313,694	1,943,252
Depreciation
At 1 January 2023		285,150	285,150
Charge for the year		10,948	10,948
At 31 December 2023		296,098	296,098
Net book value
At 31 December 2023	1,629,558	17,596	1,647,154
At 31 December 2022	1,254,891	28,085	1,282,976

16 Heritage assets			Fixtures
	Buildings	Books 6	and fittings 6	Total 6
Cost At 1 January 2023	3,360,000	3,000,032	41,000	6,401,032
At 31 December 2023	3,360,000	3,000,032	41,000	6,401,032
Net book value At 31 December 2023	3,360,000	3,000,032	41,000	6,401,032
At 31 December 2022	3,360,000	3,000,032	41,000	6,401,032

7	Fixed ass	et Invest	ments
					2023 f	2022f
FA	investment	—listed	shares	b/fwd	176,351	426,544
FA	investment	—listed	realised	gain	2,376	555
FA	investment	—listed	unreallsed (loss)/gain		6,237	(36,361)
FA	investment	—listed	shares	additions	33,390	26,055
FA	investment	—listed	shares	disposals	(123,374)	(240,442)
					94,980	176,351

8 Debtors
	2023 f	2022f
Other debtors	29,984	70,525
Prepayments	7,946	20,671
Accrued income	81,860
	119,790	91,196
9 Cash and cash equivalents
	2023f	2022f
Cash in hand	3,870	15,903
Cash at bank	52,360	451,317
	56,230	467,220

0 Credi	tors: amounts falling due within on	e year
		2023f	2022f
Mortgage		14,115
Bankloan		18,662	14,730
Other creditors		46,514	15,930
Accruals		37,588	45,570
Deferred	income	26,716	30,558
		143,595	106,788

1 Credit	ors: amoun	ts falling due after more than one year
			2023	2022f
Mortgage Bank loan Mortgage	(falling due (falling due (falling due	in less than 5years) in less than 5years) in more than 5years)	74,970 189,626 790,916	69,163 205,270 810,837
			1,055,512	1,085,270

22 Funds
		Balance at			Other		Balance at
		1 January 2023	Incoming resources	Resources expended 6	recognised gains/(losses)	Transfers	31 December 2023 6
Unrestricted funds
General		589,123	525,078	(642,398)	8,717	(320,339)	160,181
Designated:
Building maintenance
Book restoration
Designated capital
funds:
-Assets under const.
(net of loans) - Furniture and equipment - Heritage Assets Build - Heritage Assets Books		154,891 28,085 3,360,000 3,000,032				386,379 (10,489)	541,270 17,596 3,360,000 3,000,032
- Heritage Assets Fixtures &fittings		41,000					41,000
		7,173,131	525,078	(642,398)	8,717	55,551	7,120,079
Restricted funds
Membership donations Asset under construction	for	53,586	12,500	(10,535)		(55,551)
Total funds		7,226,717	537,578	(652,933)	8,717		7,120,079

22 Funds - continued
		Balance at			Other		Balance at
		1January	Incoming	Resources	recognised		31 December
		2022	resources	expended	gains/(losses)	Transfers	2022
		E	E	E		E	E
Unrestricted funds
General		305,399	787,446	(702,593)	(35,806)	234,677	589,123
Designated:
Building maintenance		50,000				(50,000)
Book restoration		100,000				(100,000)
Designated capital funds:
-Assets under const.
(net of loans)						154,891	154,891
- Furniture and equipment		61,362				(33,277)	28,085
- Heritage Assets Build		3,511,400				(151,400)	3,360,000
- Heritage Assets Books		3,000,032					3,000,032
- Heritage Assets Fixtures
& fittings		41,000					41,000
		7,069,193	787,446	(702,593)	(35,806)	54,891	7,173,131
Restricted funds
Membership donations	for
Asset under construction			120,884	(12,407)		(54,891)	53,586
Total funds		7,069,193	908,330	(715,000)	(35,806)		7,226,717
23 Analysis of net assets		between funds
				Restricted		Unrestricted
				funds		funds	Total funds
				2023		2023	2023
					E	E	E
Tangible lixed assets						1,647,154	1,647,154
Heritage assets						6,401,032	6,401,032
Fixed asset Investments						94,980	94,980
Current assets						176,020	176,020
Current liabilities						(143,595)	(143,595)
Long term liabilities						(1,055,512)	(1,055,512)
Total net assets						7,120,079	7,120,079
				Restricted		Unrestricted
				funds		funds	Total funds
				2022		2022	2022
					E	E	E
Tangible fixed assets						1,282,976	1,282,976
Heritage assets						6,401,032	6,401,032
Fixed asset investments						176,351	176,351
Current assets					53,586	504,830	558,416
Current liabilities						(106,788)	(106,788)
I ong term liabilities						(1,085,270)	(1,085,270)
Total net assets					53,586	7,173,131	7,226,717

			Unrestricted	Restricted	Total
		Note	funds	funds	2022
			E
Income and Endowment	from:
Donations and legacies			281,661	120,884	402,545
Charitable activities			266,810		266,810
Investment income			225,159		225,159
Other income			13,818		13,816
Total income			787,446	120,884	908,330
Expenditure on:
Charitable activities			(702,593)	(12,407)	(715,000)
Total expenditure			(702,593)	(12,407)	(715,000)
Net gains on investment	assets		(35,806)		(35,806)
Net income/(expenditure)			49,047	108,477	157,524
Transfer between funds			54,891	(54,891)
Net movement in funds			103,938	53,586	157,524
Reconciliation offunds
Total funds brought fonvard		22	7,069,193		7,069,193
Total funds carried forward		22	7,173,131	53,586	7,226,717

			2023		2023	2023
					Restricted
			Unrestricted	funds	funds
					Members
					donations for
					Asset under		Total
			General	Designated	construction	Total	2022
			E	E		6	E
Income and Endowments
from:
Donations and legacies (analysed below)			141,139		12,500	153,639	402,545
Charitable activities (analysed below)			142,755			142,755	266,810
Investment income (analysed below)			226,607			226,607	225,159
Other income (analysed below)			14,577			14,577	13,816
Total income			525,078		12,500	537,578	908,330
Expenditure on:
Charitable activities
(analysed below)			(642,398)		(10,535)	(652,933)	(715,000)
Total expenditure			(642,398)		(10,535)	(652,933)	(715,000)
Net (losses)/gains		on
investment assets
(analysed below)			8,717			8,717	(35,806)
Net income/(expenditure)			(108,603)		1,965	(106,638)	157,524
Transfer between	funds		55,551		(55,551)
Net movement in funds			(53,052)		(53,586)	(106,638)	157,524
Reconciliation of		funds
Total funds brought		forward	7,173,131		53,586	7,226,717	7,069,193
Total funds carried		forward	7,120,079			7,120,079	7,226,717

				2023	2023	2023
				Unrestricted	Restricted		Total
				funds	funds	Total	2022
				6	E	F
Donations	and	legacies
Grants'				109,600		109,600	27,256
Legacy							100,000
Members/other		donations	and gift	31,539	12,500	44,039	275,289
a Id
				141,139	12,500	153,639	402,545
Includes	Covid-19 and		Kickstart	grants of Enil (2022:f12,948).
				2023	2023	2023
				Unrestricted	Restricted		Total
				funds	funds	Total	2022
						E	E
Charitable	activities
Membership	fees			130,235		130,235	125,652
250th book							241
Sales ofdonated		goods		12,520		12,520	7,773
VAT reclaim							133,144
				142,755		142,755	266,810
				2023	2023	2023
				Unrestricted	Restricted		Total
				fundsf	funds F	Total 6	2022 f
Investment	income
Income from	property			222,992		222,992	219,941
Income from	listed investments			3,615		3,615	5,218
				226,607		226,607	225,159
				2023	2023	2023
				Unrestricted	Restricted		Total
				funds	funds	Total	2022
				6	E	E	E
Other Income
Thoresby Society				14,577		14,577	13,816
				14,577		14,577	13,816

		2023	2023	2023
		Unrestricted	Restricted		Total
		funds	Funds 8	Totalf	2022f
Charitable activities
Operation as a library Wages and salaries Staff NIC (employers) Staff pensions (defined contribution) Rates Light, heat and power Insurance Health and safety Printing, postage and stationery Cleaning Advertising Bank charges Depreciation offixtures and fittings Depreciation of office equipment Binding and conservation Books, publications, DVDs etc Staff training Catering supplies Staff expenses Storage Repairs and maintenance Computer sofhvare and maintenance Event expenses Sundry expenses Legal and professional fees Bad debts	costs	(181,778) (13,034) (21,445) (6,254) (14,230) (13,122) (3,918) (10,911) (966) (10,393) (1,034) (3,179) (5,579) 1,463 (39,154) (407) (1,968) (3,371) (11,500) (16,471) (16,053) (21,590) (9,288) (24,423) (2,072)		(181,778) (13,034) (21,445) (6,254) (14,230) (13,122) (3,918) (10,911) (966) (10,393) (1,034) (3,179) (5,579) 1,463 (39,154) (407) (1,968) (3,371) (11,500) (16,471) (16,053) (21,590) (9,288) (24,423) (2,072)	(13,068) (21,379) (5,951) (14,853) (10,799) (3,1 30) (8,703) (1,654) (8,673) (1,024) (3,398) (27,580) (6,345) (32,539) (538) (1,894) (6,902) (9,037) (15,052) (30,469) (216,970) (17,558) (2,185)
		(430,677)		(430,677)	(459,701)
Listed building maintenance Wages and salaries Staff NIC (employers) Staff pensions (defined contribution) Rates Light, heat and power Insurance Health and safety Printing, postage and stationery Cleaning Advertising Bank charges Depreciation offixtures and fittings Depreciation of office equipment Legal and professional fee		(51,937) (3,724) (6,127) (1,564) (3,557) (12,844) (979) (2,728) (242) (2,598) (258) (795) (1,395) (6,106)		(51,937) (3,724) (6,127) (1,564) (3,557) (12,844) (979) (2,728) (242) (2,598) (258) (795) (1,395) (6,106)	(61,992) (3,734) (6,108) (1,488) (3,713) (5,268) (783) (2,176) (413) (2,168) (256) (850) (6,895)
		(94,854)		(94,854)	(95,844)

			2023	2023	2023
			Unrestricted	Restricted		Total
			funds	fundsf	Total	2022 E
Charitable activities (continued)
Asset under construction
Rates Light, heat and power Repairs and maintenance Computer software and maintenance Legal and professionals Bank loan interest Insurance		costs	(69,671)	(900) (679) (18) (8,250) (688)	(900) (679) (18) (8,250) (69,671) (688)	(146) (2,200) (4,324) (963) (4,774) (48,986)
			(69,671)	(10,535)	(80,206)	(61,393)
Governance costs
Wages and salaries Staff NIC (employers) Staff pensions (defined contribution) Insurance Auditor's remuneration Management fees Legal and professional fees			(25,967) (1,862) (3,064) (318) (11,583) (4,402)		(25,967) (1,862) (3,064) (318) (11,583) (4,402)	(30,996) (1,867) (3,054) (13,199) (9,240) (3,900) (35,806)
			(47,196)		(47,196)	(98,062)
Total expenditure on charitable	activities		(642,398)	(10,535)	(652,933)	(715,000)
			2023	2023	2023
			Unrestricted	Restricted		Total
			funds	funds	Total	2022
					E	E
Gains/losses on Investment	assets
Realised gains on Investments			2,480		2,480	555
Unrealised gains/(losses) on investments			6,237		6,237	(36,361)
			8,717		8,717	(35,806)