Charity registration numbor 1115731 Company reglstratlon number 05721140 (England and Wales) THE WORKING CLASS MOVEMENT LIBRARY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE WORKING CLASS MOVEMENT LIBRARY LEGALAND ADMINISTRATIVE INFORMATION Trustees M Peake L Collins D Maginn A Halligan S J Ingleson-Percival H E Roberts S Humphries O Lomax L Doherty J Callow 8 Hinds A Pearce R Kelly Secretary D Maginn Charfty numbor 111S731 Company numbor 05721140 R•gl•tsred offl¢• Jubilee House 51 The csCont Salford Lancashire Untted Kingdom MS 4WX Independ•nt •xamlner Azets Audlt SeNices Alpha House 4 Greek Street Stockport Cheshire SK3 8AB Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent Uniled Kingdom ME194JQ
THE WORKING CLASS MOVEMENT LIBRARY CONTENTS Page Trustees. report Statement of Trustees, responsibilities Independent examinerfs report 10 Statement of financial activities 11 Balance sheet 12 Notes lo the financial statements 13-19
THE WORKING CLASS MOVEMENT LIBRARY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance wilh the accounting policies set out in note 1 to the financial statements and comply wilh the The Working Class Movement Library's goveming document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102}" (effective 1 January 2019). The aims of The Working Class Movement Library {WCML) are to exhibit and maintain a library containing a collection of English language books, periodicals, pamphlets archives and artefacls. concerned with the activities. expression and enquiries of the labour movement, ils allies and its enemies, since the late 1700s. 1. Introduction This year we successfully completed several importanl projects to improve our seNices including launching a new website, upgrading our collections management system and installing new Customer Relationship Management software (Beacon) to help us manage and develop our relationship with our donors and users. Despite some initial challenges we are confident thal this will improve our financial resilience and sustainability in the long term. Alongside this, we have made significant progress in our long lerm vision to renovate and expand our home at Jubilee House to provide a suitable home for our collection and improved access to the public. We have continued to make progress in developing our policies, procedures and governance to make more efficient decisions and use of slaff and trustee skills and resources. The tearn conlinues lo grow in confidence in understanding and delivering against our mission with more creative and ambitious approaches lo audience development, engagement aclivilies and exhibitions with a focus on our approach to working wilh young people. We have also made significant improvements to our space hire offer with wider range of groups using our space and increase in income as a resubt. 2. Finance For the second year running now core expenditure has considerably exceeded income. Closing the gap has to be a very real priority for the coming year. A casual glance at our balance sheet shows us to be in a very healthy position, whith could give Tise to a false sense of securrty. In order to avoid this steps have been taken to move away from one general fund for all monies, to ones more realistically reflecting ihe Library's operational needs and future ambitions. Four funds have been created:. 1. An Operational Fund to reflect day to day core income and expenditure and focus on the real disparity between income and expenditure. 2. A Development and Disaster Fund with rnonies pul aside for the future development of Jubilee House and additional support for our disaster insurance cover. 3. A Contingency Fund needed as an alternative to taking out Insuran cover on Library equipment and the immeasurable valuation of irreplaceable colledion content. 4. A Reserve Fund to cover any shortfall in Ihe other funds. As things stand al the moment this fund will rapidly deplete unlil such time as operational income matches expenditure. 5. A Restricted grant Fund. which, as the name implies. ring fences income received for specific project purposes.
THE WORKING CLASS MOVEMENT LIBRARY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The situation has not been helped by the poor state of the national economy making it difficult for our supporters lo make ends meet. This has led to a very marked reduction in donations from both trade unions and individuals, and shows that the Library cannot isolate itself from whal is happening in the world outside. In the circumstances we are grateful to Salford City Council for continuing ils support despite the financial pressures it also finds itself under. Things have been slightly eased by the receipt during the year of bequests bringing in unexpecled income of £92,000. We really appreciate supporters remembering to put something aside for the Library for when the time comes that they can no longer use it. Counter to this though is the less than expected income from our investment account, the value of which plummeted following Trumps tariff announcements. What an immoral world of fictitious casino economics we live in. On a more positive note due to the efforts of staff altemative sources of income are beginning to be generated and a massive increase in activity is broadening awareness of the Library and what we are about. Hopefully this will bring to the attention of a wider audience just what an important resource we have and engender a need to make sure it's still here for future generations. This year we made the decision to increase the cost of our annual Radical Readers membership scheme to £36 a year from £20. This better refleds the cost of administering the scheme. We had 33 new sign-ups to the scheme in 2024. We hope to increase this in 2025 now that our new CRM system and donation page on our website are in place. 3. Wisitor numbers and Users Overall visttorlusers in the last calendar year were 3,008. This is a 32.6°A increase from 2023-2024. Types of userslvisilor break down as follows.. WCML events": 741 DroTrin visitors.. 942 Researchers.. 268 Building tours.. 398 Student groups {HE)'. 276 Outreach evenls.. 120 Podcast slreams.. 263 "includes Sounds From the Other City event, exduding this evenl the number is 458 and is still a 350A increase on the previous year. Communications We have continued to see an increase in our followers on all our social media channels and our e-newsletter. Instagram - 8020 followers, a 46°k increase on last year. Facebook- 9,105, which is a 2.80/0 increase on last year. Mailchimp (e-newsletter) - 2727, which is a 15.50/D increase on last year. Bluesky - 2,482 followers. since the start of this year. (The library disabled tts X account in lale 2024}.
THE WORKING CLASS MOVEMENT LIBRARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Website users The library's new website launched in August 2024. The site features our new branding and an improved 'What's On.. online shop and 'Who We Are. section. There are also online exhibitions and news and blog sections. We have integraled our Beacon CRM system into the online donation form which improves the experien for users and provides a more detailed and streamlined system for library stsff. Readers can now also complete an online booking form which is sent directly to the Library Assistant making the system much simpler and rn0 effecient. Since the website launched in August 109 online Reader booking forms have b@en submitted. The new website Gan be seen at ww.wcml.org.uk Overall, the new website has performed well. Staff are still learning how to use Google analytics and comparative data for the previous site is not available. Space hire users The use of the annex has massively increased in the last year, generating £9.117 in income, with the space being used by the following gTOUPS. Greater Manchester Tenants Union Hearing Voices NeOrk Left Book Club Manchester College- Trade Union Education course Manchester Na'amod No Borders Manchester Partisan Collective Pride Library Prometheus Magazine Red Pepper Salford TUC Trans Assembly Unite Retired Members group Workers Music Association 4. Collections, Conservation and Environmental Monitoring 4.1 Environmental monitoring We are now undertaking a building survey every six months to monitor any deterioration in the physical condition of the rooms housing library and archive collections. This, along with the continuing environmental monitoring. has highlighted significant issues in the room housing the GMB collection and in cellar, with collections at risk of damage. A significant proportion of The Daily Worker bound volumes have been moved from the cellar due to mould growth on their covers. Higher than desirable humidity levels continue to be a source of concern across Ihe building.
THE WORKING CLASS MOVEMENT LIBRARY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 4.2 Cataloguing This year we have completed a database upgrade from Adlib to Axiell Collections. A significant piece of work, this system has an improved online 'front-facing' service for users and a more sophisticated 'back-end' system. The new database is working well and this year we have added the following records to our online catalogue.. Library= 814 records Archives = 827 records 4.3 New Acquisitions We made some exciting additions to the collection in 2024-2025 and made progress in our approach to 'active' ollecting through public call outs for content. Some notable additions indude.. Manchester and Salford Film Society - a significant additional donation of paper-based materials along with two framed photographs of delegates who attended the first Conferen5 of the British Federation of Film Societies in 1932 and 1937. National Clarion Cycling Club- Additional papers and memorabilia including an1924 Easter meet ribbon and letter from Brian Robinson (first Briton to finish the Tour de France and the first to win a Tour stage) to 'Harry'. Dave Spooner collection and Big Flame material As part of our NLHF Big Flame project, we made a public call out for ex Big Flame activists to donate their material to the library. As a result, we have received a fantastic range of additional Big Flame archive material including a banner. Ex Big Flame activist and founder of the Global Labour Institute, Dave Spooner, deposited his lrfetime collection of material, over 12 boxes. His collection is a fascinating overview of the career of an activist stsrting Out in Big Flame in the 1970s who went on to dedicate his lrfe to the labour movement. We have also collected and deposited 14 oral history interviews with ex Big Flame activists including Lynne Segal {Beyond the Fragments}, Max Farrar and Norma (Troops OLrt Movemenl). Collections Development Group The Collections Development Group has continued to meet quarterly to assist library staff in our approach to collecting material against the aims of our updated Collections Policy. For the first time we have worked with group members to host an event to encourage contemporary collecting around casual workers and delivery driving which sulted in new material about these campaigns. Potential new acquisitions: We have started conversations with the owners of two potentially large acquisitions.. John and Alice Smethurst Collection - The John Smethurst collection is a large and varied collection of books and memorabila. John and Alice Smethurst had longstanding links to WCML as an ex trustees and friends of the library's founders. The collection is currently housed in their home and the Library Manager and Librarian will visit in May 202510 assess the material. The Global Labour Institute Library - this large colledion of books, around 5-6.000 was collected by the Global Labour InslitLrte over a decades and relates to the inlemalional trade union movement. The collection currently sits with Unite, but the GLI have expressed a strong desire for il to be housed somewhere accessible. There may be opportunities to use this a lever for financial support from Unite. 4.4 Conservatlon We successfully applied for a conservation grant from the Association of Independent Museums lo fund conservator to review the condition and storage of our banner collection. The report, due in April 2025 will allow us to apply for further funding to improve our approach to banner storage.
THE WORKING CLASS MOVEMENT LIBRARY TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 5. Projects & Parlnerships After building links with a range of community. cultural and higher educalion partners last year and success in a number of grant applications, this year we have been busy delivering against a variety of engagement and research projects with strale9ic importance. National Lottery Herftage Fund- Big Flame: Community Oryanising Then and Now Our flagship project this financial year has been our National Lottery funded youth engagement project, Big Flame.. CoTnmunity Organising Then and Now. The funding has allowed us to hire a Project Coordinator and Project Researcher on fixed term contracts. We have recruited 10 young people who are atlending engagement session every other Saturday at the library. They have taken part in a fantastic variety of activities including archival research. activist panels, oral history training, exhibition design training. trips to other archives and exhibitions and social Irips to Sheffield and Liverpool. The resLJlling exhibition, Keep the Flame Burning will open in July 2025 and Ihe creative public events programme will run throughout the summer. We are keen to embed the learning and skills we have developed during the project into our strategic approach to working wilh young people. The yOLJng people will also be offered opportunities to continue to engage with the library and one of the group has already requested that they complele a 32 week university placemenl with us. We are exploring options to fund a continued Youlh Coordinator post with the Paul Hamlyn foundation and the Arts Council England. The project also resulted in an academic paper exploring the origins and impact of the Big Flame group which was presented at the Historical Materialism Conferen in London in November 2024 and will be published in a pamphlet that will accompany the exhibition. '1 wanted to lteTrte just how much I value the opportunity to have worked with yourselves on this project. The process of creating the content. leaming about Big Flame and th8 work you deliver at WCML was incredibly inspiring, and spoke to so many elem8nts of my lived experiences and passions. It's bèen equally wonderful seeing snippets on socials as the projecl has progressed. Sending lots ol love and well wishes your way." Ella Fragley- Designer on the Big Flame project AHRC Royal Holloway University, London - Inclusive Histories project We are a delivery partner in this project managed by Royal Holloway University and funded by AHRC. This £1.5 million project has funded a part time Research Associate at VVCML who is researching the links beeen our collection and the GCSE AQA History Curriculum for te module Power and the People with a focus on teaching inclusive and diverse histories. The project, which includes CPD activilies with school teachers to encourage archive use and 30 funded ¢ommunity researcher bursaries is being delivered with other archive partners at Peoples History Museum, Glasgow Women's Library, Bishopsgate Institute and the Black Cultural archives and will result in classroom learning resources. AHRC Manchester Metropolitsn University- Collaborative PhD- Solidarityl The library is hosting a collaborative PhD in partnership with Manchester Metropolitan University (MMU) and funded by the AHRC. The Library Manager is sUPeIs1ng ihe PhD student alongside a Senior Lecturer in Sociology al MMU. The PhD will aim to understand young people's perptionS of class through their engagement wrth archive materials at the Working Class Movemenl Library.
THE WORKING CLASS MOVEMENT LIBRARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 We have continued lo build strategic relationships with.. University of Salford - Centre for Class Researth Ahmed Iqbal Ullah Resource and Education Centre University of Manchester's Institute of Cultural Practices Crescent Cultural Consortium SalFord Youth SeNices We are members of.. Society for the Study of Labour History (SSLH) Internalional Association of Labour History Institutions IIALHI) Association of Cooperative and Labour Archives and Museums (ACCLAIM) We work alongside these partners to increase our impact and capacity, reach new audiences and to apply for grant funding and contribute to research into class and heritage. 6. Exhibitions and Events 6.1 Tempordry Exhibitions We have decorated and improved the layout of our temporary exhibition space to improve the visitor experience and curated tsvo exhibitions in the last financial year. Exhibition." Intsmational Solidarity posters This exhibition featured posteTS from the library collection relating to international solidarity movements. The exhibition included an anti-apartheid poster designed by Keith Haring, a 1968 Atelier Populaire poster, and an anti- war poster designed by Peter Kennard, 1983. You can see the online version of this exhibition here Online Exhibition - Working Class Movement Library Exhibition: The Collectors, the Cameraman, the Poets and the Pits: Miners. Strike 40th Anniversary exhibition To mark the 40th anniversary of the 1984-1985 Miners, Strike we opened an exhibition featuring material from the library's Miners, Strike collection including posters. t-shirts, ceramics and badges. The Golleclion was supported by photographs from photojournalist, John Harris, who was behind the lines during the strike. and poetry. mostly written by women, about their experiences during the strike. The exhibition is proving very popular and we have received very positive feedback, "Quote from visitor book here.. 6.3 Events This year has seen improvements in our approach to planning the library's events programme. The library team have been working closely wilh the trustee members of the Audience, Engagement and Collections group lo develop a strategic approach to event planning that focuses on creative aGtivities, partnership working and diverse speakers and lopics. In January 2025 we delivered our firsl trade union education course and in March our first book sale, both of which were very successful. We have been successful in attracting new aUdIenS to the library through our events programme, with 59.fi of event attendees not visiting the library previously. We have seen particular success in events which make connections belween past movemenls and contemporary organizing and issues, including LGBTQ+ and disability activism, international solidarity and casualized working, or Ihose that are linked to anniversaries such as the Miners, Strike. In November 2024 we held our annual fundraising event, Radical Readings. We altered the formal to feature music and performance and increased both ticket sales and the amount raised. "Th8nk you to the Wothing Class Movernent Library or organising a bnlliant event. 11 provided a fascinating insignl into archival research and digital scanning" - Kamea Aylward
THE WORKING CLASS MOVEMENT LIBRARY TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 7. Volunteers and Placements 7.1 Volunteers Volunteers have conlributed 1685.5 hours in total in 2024, allhough this is a decrease from 2199 in 2023 we have lost a couple older volunteers to ill health and our new recruits tend to be younger and therefore usually contribute less hours as they balance volunteering wilh sludying and work. The average age of new volunteers is 23. Several of our new volunteers have contributed to our National Lottery Awards for All communily gardening project, Roots of Resistance. This year we have developed and delivered new volunteer policies and confidentiality agreements alongside a new volunteer handbook and induction programme. 7.2 Placement Students We havè hosted four placement students in the last year wrth students from the Universily of Manchester, University of Salford. University of Central Lancashire and DidsbLSry Sixth Form. The placement students have engaged in a variety of tasks including digitization, oral history Iranscription, research. podcasting and assisting in the retrieval of archives for readers. Two of the four placement students have continued to engage with the library beyond their placement as volunteers. 8. Building and Transforniation project The Library Manager and TTUStees have made significant progress in our relationship w¢th the library's landlord's Salford City Council. The council commissioned a building survey to address our concerns about the safety and suttability of Jubilee House. The suNey raised concerns which are now being addressed by the Council with an agreed schedule of work. The Library Manager and Chair of Trustees attend bi-monthly meetings with Council representatives to monitor progress and to negotiate the extension of the library's lease beyond 2030. The Council have also commissioned an architectural consultant, Thread, lo develop architectural plans for the long term re-fumishment and development of the library's existing building and potential extension. The WCML trustees are now using this report to apply for additional granl funding to commission further exploration and building surveys and lo inform an expression of interest to the Nalional Lottery Fund for a capital project from 2026. 9. Govemance From January 24 the board has refreshed its working groups and streamlined them into 4 gfOUPS, Finance. Audit & Risk Group. Transformation Strategy Group, Fundraising & Stakeholder Group and Audience Engagement & Collections Group. These groups have been working on strategic action plans for delivery over the next year. It is hoped Ihat these groups will move the board towards stralegic rather than operalional activity. which it has had to adopt in the past when slaffing was lower. New processes and policies are being adopted lo support staff in carrying out their roles. 10. Conclusions Overall, despite challenges, this year has seen many improvements in approach and delivery at the library with green shoots of hope in relation to our engagemenl with Ihe community, increased users and position in the cultura seclor in Salford and beyond. The staff team has worked incredibly hard to deliver multiple projects and embed new Pfocesses. There is a continued commitment from Salford Council to support the library, bul the maintenance and repair of Jubilee house remains the largesl obstacle we need to work through in the coming year.
THE WORKING CLASS MOVEMENT LIBRARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11. Flnanclal Revlew It is the policy of The Working Class Movement Library that unrestricted funds which have not been designated for a Specif use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees considers that reserves at this level will ensure that. in the event of a significant drop in funding, they will be able to continue The Working Class Movement Library's current adivities while consideration is grven to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Trustees has assessed the major risks to which The Working Class Movement Library is exposed. and are satisfied that systems are in place to mitigate exposure to the major risks. Structurn. govemance and management Governing Document The charity is governed by its Memorandum and artides ofAssociation adopted in February 2006. Govemlng Bodies The board of trustees is responsible for the overall governance of the charity. The Trustees, who are also the directors for the purpose of Company law, and who served during the year and up to the date of signature of the financial statements were: R G Futter (Resigned 10 November 2024) M Peake L Collins D Maginn A Halligan R Kelly S J InglesoTrPefcival H E Roberts S Humphries C Henry O Lomax L Doherty J Callow J Farrar B Hinds A Pearce E Macphee R Kelly (Resigned 1 May 2024) (Resigned 6 July 2024) (Resigned 17 February 2025) (Resigned 6 July 2024) The Trustees, rewrt was approved by the Board of Trustees. D Maginn Trustee 23rd December 2025 Date: .............................................
THE WORKING CLASS MOVEMENT LIBRARY STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees, who are also Ihe directors of The Working Class Movement Library for the purpose of company law, are responsible for preparing Ihe Trustees, Report and the financial statements in accordance with applicable law and Uniled Kingdom Accounting Stsndards {United Kingdom Generally Accepted Accounting Praclice}. Company Law requires the Trustees lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of The Working Class Movement Library and of Ihe incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to.. select suilable accounting policies and then apply them consistently.. observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent.. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on Ihe going concern basis unless it is inappropriate lo presume that The Working Class Movemenl Library will continue in operation. The Truslees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of The Working Class Movement Library and enable them to ensure that the financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of The Working Class Movement Library and hence for laking reasonable steps for Ihe prevention and detection of fraud and other irregularities.
THE WORKING CLASS MOVEMENT LIBRARY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WORKING CLASS MOVEMENT LIBRARY I report to the Trustees on my examination of the financial statements of The Working Class Movement Library {the The Working Class Movement Library) for the year ended 31 March 2025. Rosponslbllltles and basis of report As the Trustees of the The Working Class Movement Library {and also its directors for the purposes of ompany law) you are responsible for the preparation of Ihe financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Acti. Having satisfied myself that the financial statements of the The Working Class Movement Library are not required to be audited undef Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the The Working Class Movement Library's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Diredions given by the Charity Commission undei section 145{5)(b) of the 2011 Ad. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the The Working Class Movement Library as required by section 386 of the 2006 Act., or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination,. or the financial slatemenls have nol been prepared in accordance with Ihe methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Jonathan Ward- FCA Azets Audit Services Alpha House 4 Greek Street Stockport Cheshire SK3 8AB Dated.. 10-
THE WORKING CLASS MOVEMENT LIBRARY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted RestriGted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Charitable aclivilies 171,218 33,306 171,218 33,306 121,875 20,784 72.919 194,794 20,784 Tolal income 204,524 204,524 142,659 72.919 215.578 enditure on: Charitable activities 240.302 41,522 281,824 220,406 220,406 Net gainsl(losses) on investments 9,776 9,776 34.561 34,561 Net movement in funds (26,002} (41,522) (67.524) {43.186} 72.919 29,733 Fund balances at 1 April 2024 828,137 72.919 901,056 871.323 871,323 Fund balances at 31 March 2025 802,135 31,397 833.532 828,137 72,919 901,056 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 11
THE WORKING CLASS MOVEMENT LIBRARY BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets 11 32.601 34,879 Current assets Debtors Investments Cash at bank and in hand 13 14 9,581 720,677 75,734 10,809 670,999 186,169 805,992 867,977 Creditor5: amounts falling due withln one year 15 (5.061) (1,800) Net current assets 800.931 866,177 Totsl assets less current liabilities 833,532 901,056 Income funds Restricted funds Unreslricted funds 16 31.397 802.135 72,919 828,137 833.532 901,056 The company is entitled to the exemption from the audtt requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial slatemenls have been prepared in a¢¢ordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by Ihe Trustees on S J Ingleson-Per¢ival Trustee Company registration number 05721140 12-
THE WORKING CLASS MOVEMENT LIBRARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles Charity Inforniation The Working Class Movement Library is a private company limited by guarantee incorporated in England and Wales. The registered office is Jubilee House, 51 The Crescent. Salford, Lancashire. M5 4WX, United Kingdom. 1.1 Accounting convention The accounts have been prepared in accordance with The Working Class Movement Library's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities. Stalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)° (as amended for accounting periods commencing from 1 January 2016). The Working Class Movement Library is a Public Benefit Entity as defined by FRS 102. The Working Class Movement Library has taken advantage of the provisions in Ihe SORP for charities applying FRS 102 Update Bulletin 1 nol to prepare a Statement of Cash Flows. The accounts are prepared in sterling, which is the functional currency of The Working Class Movement Library. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statemenls. the trustees have a reasonable expectation that the company has adequale resources to continue in operational existence for the foreseeable future. 1.3 Charitsble funds Unleslricled funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the reslncled funds are set out in the noles to the financial statements. Designated funds relale lo expenditure that the trustees have committed to spending in future periods. 1.4 Incoming resources Income is recognised when The Working Class Movement Library is legally enlitled to it after any performance conditions have been met, the amounts can be measured reliably. and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once The Working Class Movement Library has been notified of the donalion, unless performance condilions require deferral of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if The Working Class Movement Library has been notified of an impending distribution. the amount is known, and feceipt is expected. If the amounl is not known. the legacy is treated as a contingent asset. 1.5 Resources expended Income and expenses are included in the financial statements as they become receivable or due. Expenses include VAT where applicable as the company ¢annol reclaim it. 13-
THE WORKING CLASS MOVEMENT LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policies (Continued) 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured al cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Leasehold improvements Computers Deprecialion will begin when extension complete 200A straight Line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the stalement of financial activities. 1.7 Impairnient of fixed assets At each reporting end date. the The Working Class Movement Library reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extenl of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, olher short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The Working Class Movement Library has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in The Working Class Movement Library's balance sheet when The Working Class Movement Library becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amourbts presented in the financial ststements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which indude debtors and cash and bank balances, a initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 14-
THE WORKING CLASS MOVEMENT LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Icontlnuedl Basic financial liabilities Basic financial liabilitie5, including creditors and bank loans are initially recognised at transaction price unless the arrangement conslitutes a financing transaction, where the debt instrumenl is measured al Ihe present value of the fulure paymenls discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cosl, using the effedive interest rate melhod. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from Suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, Ihey are presented as non-currenl liabililies. Trade creditors are recognised inilially at transaction price and subsequently measured al amortised cost using the effective interest method. Dere¢ognition of financial liabilities Financial liabilities are derecognised when The Working Class Movement Library's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cosl of any unused holiday entitlemenl is recognised in the period in which the employee's ServIS are received. Termination benefits are recognised immedialely as an expense when The Working Class Movement Library is demonslrably committed lo terminate the employment of an employee or lo provide termination benefits. Critical accounting estimates and judgements In the application of The Working Class Movement Library's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assels and liabilities Ihat are not readily apparent from other sources. The eslimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may dffjer from Ihese estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the eslimate is revised where the revision affecls only ihal period, or in the period of the revision and future periods where the revision affects both current and future periods. There are no Critical accounting estimates or judgements. Donations and legacies Unrestricted Unrestricted Restricted funds funds funds Total 2025 2024 2024 2024 Donations and gifts Granl Income 146.218 25,000 96,875 25,000 96.875 97,919 72,919 171,218 121,875 72,919 194,794 15-
THE WORKING CLASS MOVEMENT LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charltable actlvttle$ Charltable Charitable Incoma Income 2025 2024 Inte$1 Received Space Hire Shop sales Ancillary trading income Charitable rental income Other income 11,130 8.610 5,849 104 6,173 1,440 6,089 4,225 4,649 575 4,308 938 33,306 20.784 Charltabh a¢tlvltl•• Charftable Charftabl• Exp•ndlture Expendltur• 202S 2024 Staff costs Depreciation and impaiment Travel & Subsistence Other Expenses Other Project Expenditure Building Refurbishment Insurance 138.128 4.770 330 55,131 41,522 39,449 123,849 4,450 383 43,780 45,477 667 279,424 218,606 Independent examlners fees 2,4iJO 1,800 281,824 220,406 Analysls by fund Unrestricted funds Restricted funds 240,302 41,522 220,406 281,824 220,406 16-
THE WORKING CLASS MOVEMENT LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support ¢osts Support Governance costs costs 2025 2024 Audit fees 2,400 2,400 1,800 2,400 2.400 1.800 Analysed between Charitable activities 2,400 2.400 1,800 Govemance costs includes payments to the auditors of £2,400 (2024- £1.800) for audit fees. Thi$tse8 None of the Trustees lor any persons connected wlth them) received any remuneration or benefits from The Working Class Movement Library during the year. Employe•$ The average monthly number of employees during the year was: 2025 Number 2024 Number Employment costs 2025 2024 Wages, salarles and associated costs 138,128 123,849 There were no employees whose annual remuneration was more than £60,000. Net galnsl{losse$) on Investsnents Unr•$trictsd Unrestricted fund$ lunds 2025 2024 Revaluation of investments 9,776 34,561 17
THE WORKING CLASS MOVEMENT LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Taxation The charity is exempl from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxalionof Chargeable Gains Act 1992 to the extent that these are applied to ils charitable objects. 11 Tangible fixed assets Leasehold Improvemènts Computers Total Cost Al 1 April 2024 Additions 19.320 22.252 2,493 41,572 2,493 At 31 March 2025 19,320 24,745 44,065 Depreciation and impairnient At 1 April 2024 Depreciation tharged in the year 6,694 4,770 6,694 4.770 Al 31 March 2025 11.464 11,464 Carrying amount At 31 March 2025 19.320 13,281 32,601 At 31 March 2024 19,320 15,559 34,879 12 Financial instruments 2025 2024 Carrying amount of financial assets Instruments measured al fair value through profit or loss 720,677 670.999 13 Debtors 2025 2024 Amounts falling due wlthin one year: Prepayments and accrued income 9,581 10,809 14 Current asset Investrnents 2025 2024 Unlisted investments 720.677 670,999 18-
THE WORKING CLASS MOVEMENT LIBRARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Credltors: amounts falling due within one year 2025 2024 Other taxation and social security Ac¢ruals and deferred income 2,661 2.400 1,800 5.061 1,800 16 Restricted funds The income funds of Ihe charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.. Balance at 1 April 2023 Incoming resources R•sources Balanc• at •xp•ndod 1 April 2024 Incornlng rèsources Resoure•s Balance at expended 31 Mar¢h 2025 Lipman- Miliband Trusl National Loltery Heritage Fund Awards for All 3.000 3.000 3,000 49,924 19,995 49,924 19.995 (35,234) {6.288) 14,690 13,707 72.919 72,919 (41.522) 31,397 Lipman-miliband Trust - funding for education projects. National Lottery Heritage Fund - funding fof the Big Flame Project focused on engaging young individuals and local working-class a1vISt$ in exploring. researching, and enhancing a¢ssibl[rtY to our Big Flame archive. Awards for All - funding io support a gardening project. 17 Analysis of net assets between funds Restricted Restricted funds 2025 Totsl Restricted Restricted funds 2024 Total 2025 2025 2024 2024 Fund balances al 31 March 2025 are represented by.. Tangible assets Current assetsl(liabilitiesl 32,601 769,534 32,601 800.931 34,879 793,258 34,879 866.177 31,397 72,919 802.135 31,397 833,532 828,137 72,919 901,056 19-