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2022-03-31-accounts

Contents Page
Reference and Administrative Details
Trustees' Report 3-10
Independent Auditor's Report 11-13
Statement of Financial Activities 14-15
Balance Sheet
Statement ofCash Flows 17
Notes and Accounting Policies 18-31

Chair: Will Harvey
Deputy Chair: Marie Chadwick
Trustees: Richard Watts (resigned 9th March 2022)
Morgen Witzel
Andrew
Prince
Tom Glanville
George Lossius
Alex Kittow
Crystal Carter
Chloe Reynolds
Zoe Woodbridge
Alasdair Anderson (resigned 2nd July 2021)
Sue Simmons
(appointed		 24th November 2021)
Lynn Morris (appointed 24th May 2022)
Principal and Exeter Library, Castle Street, Exeter, Devon, EX4 3PQ
Registered Office:
Registered Charity No. 1170092
Registered Company No. 09822597
Chief Executive Alex Kittow
Key Management Personnel Head of Library Service and
Customer
Experience		 Tabitha Witherick
Director of Finance & Operations Jo Hodgson (appointed 20 June
2022)
Karen Best (resigned 8 July 2022)
Head ofCommercial & Innovation Steve Turner
Bankers: Barclays Bank pic
Exeter, Devon
EX1 1LX
Solicitors: Kitsons Solicitors
Torquay,
Devon
TQ2 7FA
Auditors: PKF Francis Clark
Torquay,
Devon
TQ2 7FF

ear Ended 31 M arch 2022
Unrestricted Funds Restricted Total
General Designated Funds Funds
2022 2022 2022 2022
6000 EOOO EOOO EOOO
Notes
INCOME FROM:
Donations
and legacies		 115 115
Charitable
activities		 7,970 547 8,517
Trading
activities		 268 268
Total income 8,353 547 8,900
EXPENDITURE ON:
Charitable
activities		 7,384 792 8,176
Trading
activities		 123 123
Total expenditure 7,507 792 8,299
Net income
/ (expenditure)		 846 (245) 601
Transfers
between		 funds
Gains/(loss)
on revaluation
Net movement
in		 funds 857 (245) 612
Reconciliation
of		 funds
Total funds brought forward 1,597 900 783 3,280
Total funds carried forward 2,454 900 538 3,892

Unrestricted Funds Restricted Total
General Designated Funds Funds
2021 2021 2021 2021
6000 6000 6000 6000
Notes
INCOME FROM:
Donations
and legacies		 29 29
Charitable
activities		 8,243 1,112 9,355
Trading
activities		 151 151
Total income 8,423 1,112 9,535
EXPENDITURE ON:
Charitable
activities		 (6,728) (329) (7,057)
Trading activities (129) (129)
Total expenditure (6,857) (329) (7,186)
Net income I(expenditure) 1,566 783 2,349
Transfers
between		 funds (900) 900
Net movement
in funds		 900 783 2,349
Reconciliation
offunds
Total funds brought forward 931 931
Total funds carried forward 1,597 900 783 3,280

31 March 2022
Notes 2022 2021
6000 6000
Fixed Assets
Intangible
assets
Tangible
fixed assets
Investment
property		 10
11
12		 5
251
190		 2
89
446 91
Current assets
Debtors		 13 1,003 1,193
Cash at bank and
in		 hand 14 3,488 2,977
Total Current Assets 4,491 4,170
Liabilities
Creditors - Amounts
due within one year		 falling 15 (1,045) (981)
Net current assets 3,446 3,189
Total Net Assets 3,892 3,280
Funded by:
Unrestricted
funds
General
Funds
Designated
Funds		 2,454
900		 1,597
900
Restricted funds 538 783
Total funds 3,892 3,280

Statement
ofCash Flows
31 March 2022
2022 2021
Notes 6000 6000
Reconciliation
of net movement
in funds		 to
net cash flow from operating
activities:
Net income 601 2,349
Adjustments
to cash flows from non-cash		 items:
Depreciation
and amortisation
Decrease/(Increase)
in debtors
Increase
in creditors		 10„11 73
190
64		 43
(538)
51
Net cash generated
from operating
activities		 928 1,905
Cash flows from investing
activities
Acquisitions
oftangible
fixed assets
Acquisitions
of intangible
fixed assets
Acquisitions
of investment
property		 11
10
12		 (233)
(6)
(179)		 (54)
(2)
Cash (used in) investing
activities		 (417) (56)
Increase
in cash and cash equivalents		 in the reporting period 511 1,849
Cash and cash equivalents
at the beginning		 ofthe reporting period 2„977 1,128
Cash and cash equivalents
at the end		 of the reporting period 14 3,488 2,977

impairment
losses.
Fixed assets
cos
depreciated
over their useful economic		 ting
51,000 or more are capitalised
at cost an
lives on a straight
line basis as follows:
Building
improvements		 5to 10years (or length oflease ifshorter)
ICT Hardware 3to 4 years
Operational
Equipment		 3to 5years
Fixtures, fittings and equipment 3to 7years

General Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
FOOO FOOO 6000 6000
Local Authority
contracts		 7,323 102 7,425 7,044
Service user payments
and
associated
collection fees		 207 207 60
Grants from
other public
Other		 Government
bodies		 8 403
37		 445 848
37		 2,238
13
Total 7,970 547 8,517 9,355
General Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
6000 6000 6000 6000
British Library
Arts Council England
Awards for all		 218 218 704
218
10
Exeter City Council
Good things foundation
Covid support
Other		 403 23
204		 23
403
204		 22
37
1,126
121
Total 403 445 848 2,238
Income from trading activities
2022 2021
f000 6000
Room hire and associated services 233 136
Catering
Other		 30
5		 8
7
Total 268 151

Analysis of expen diture
on ch		 aritable
activities
2022 2021
6000 6000
Staff expenses
Premises
related		 5,231
1,318		 4,882
983
Fleet management
and transport
Equipment
and product services
Support costs (note 8)		 services 102
766
759		 83
685
424
Tota I 8,176 7,057

Analysis of expenditure
on trading
activities
2022 2021
f000 6000
Staff expenses
Premises
related		 95
8		 87
36
Equipment
and product services
Support costs (note 8)		 18
2		 5
1
Total 123 129

Total Funds Total Funds
Charitable Trading 2022 2021
6000 f000 f000 6000
Finance 138 139 157
Human Resources 103 103 46
Marketing
&PR
Office services		 193
30		 193
30		 50
15
Other 295 296 157
Total 759 2 761 425

tangible Assets
Year Ended 31 March 2022
Software Total
Cost 6000 6000
At 1 April 2021 69 69
Additions 5 5
At 31 March 2022 74 74
Amortisation
At 1 April 2021 (67) (67)
Charge for the period (2) (2)
At 31 March 2022 (69) (69)
Net book value:
At 31 March 2022
At 31 March 2021
Year Ended 31 March 2021
Software Total
Cost 6000 6000
At 1 April 2020 67 67
Additions 2 2
At 31 March 2021 69
Amortisation
At 1 April 2020 (58) (58)
Charge for the period (9) (9)
At 31 March 2021 (67) (67)
Net book value:
At 31 March 2021
At 31 March 2020

ngible
Fixed Assets
Year Ended 31 March Fixtures,
2022 fittings &
equipment ICT Illlotor Total
vehicles Furniture
Cost 6000 6000 5000 6000 6000
At 1 April 2021 19 94 15 15 143
Additions 99 20 114 233
At 31 March 2022 19 193 35 129 376
Depreciation
At 1 April 2021 (13) (39) (2) (54)
Charge for the period (6) (47) (2) (16) (71)
At 31 March 2022 (19) (86) (2) (18) (125)
Net book value;
At 31 March 2022 107 33 111 251
At 31 March 2021 55 15 13 89
Year Ended 31 March Fixtures,
2021 fittings &
equipment ICT Nlotor Total
vehicles Furniture
Cost 5000 6000 6000 f000 5000
At 1 April 2020 19 70 89
Additions 24 15 15 54
At 31 March 2021 19 94 15 143
Depreciation
At 1 April 2020 (7) (13) (20)
Charge for the period (6) (26) (2) (34)
At 31 March 2021 (13) (39) (2) (64)
Net book value:
At 31 March 2021 55 13 89
At 31 March 2020 12 57 69

vestment
property
Total
f000
At 1 April 2021
Additions 179
Revaluation
At31March2022 190

2022 2021
5000 6000
Trade debtors 122 301
VAT 144 44
Prepayments
Accrued income		 234
359		 270
523
Other debtors 144 55
1,003 1,193
14. Cash at Bank and in Hand
2022 2021
6000 5000
Cash at bank 3,476 2,965
Cash in hand 12 12
3,488 2,977
15. Creditors. "Due within one year
2022 2021
6000 6000
Trade creditors 230 420
Other taxes and social security 122 116
Other creditors 61 57
Accruals 555 158
Deferred
income		 77 230
1,045 981

Deferred Income
2022 2021
f000 EOOO
Balance as at 1 April 2021 230 148
Amount deferred in year
contract and grant income received in advance 62 214
agency arrangements 15 16
Amount released in year (230) (148)
Balance as at 31 March 2022 77 230

Year E nded 31 INarch 2022
Balance at Income Expenditure Transfers Balance
01/04/21 In / (Out) 31/03/22
6000 f000 6000 EOOO 6000
British Library 616 (269) 347
Arts Council England 53 218 (222) 49
Good things foundation 25 23 (27) 21
Kickstart 52 (52)
Other 89 254 (222) 121
Total restricted funds 783 547 (792) 538
Year Ended 31 March 2021
Balance at Income Expenditure Transfers Balance
01/04/20 In / (Out) 31/03/21
6000 f000 6000 6000 6000
British Library 704 (88) 616
Arts Council England 218 (165) 53
Exeter City Council 22 (22)
Awards for all 10 (10)
Good things foundation 37 (12) 25
Other 121 (32) 89
Total restricted funds 1,112 (329) 783

Balance at Income Expenditure Transfers Balance
01/04/21 In / (Out) 31/03/22
EOOO EOOO EOOO EOOO EOOO
Property development fund 250 250
Project development fund 500 500
Infrastructure
development		 fund 150 150
Total designated
funds		 900 900

Unrestricted Unrestricted Funds Restricted Total
General Designated Funds Funds
EOOO EOOO EOOO f000
Intangible
Fixed Assets		 5 5
Tangible
Fixed Assets		 251 251
Investment
property		 190 190
Current Assets 3,053 900 538 4,491
Current
Liabilities		 (1,045) (1,045)
Total Net Assets 2,454 900 538 3,892
Operating
Lease Commitments
2022 2021
EOOO EOOO
At 31 March 2022, the Charity had total future minimum
lease payments
as follows:
In less than
1 year		 92 122
Within 2-5 years 162 218
Over 5years 5 26
259 370