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