##
||||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|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)|