2023-03-31-accounts - Libraries Unlimited South West

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							Pages
Trustees' annual report (incorporating				the	director's	report)	1 to 11
Independent	auditor's	report to	the members				12to 15
Statement	offinancial	activities	(including		income and
expenditure	account)						16
Statement	offinancial	position					17
Statement	of cash flows						18
Notes to the financial		statements					19to 34

Chair:				Will Harvey
Deputy Chair:				Marie Chadwick
Trustees:				Morgen Witzel
				Andrew Prince
				Tom Glanville	(resigned 29e March 2023)
				George Lossius
				Alex Kittow
				Crystal Carter
				Chloe Reynolds
				Zoe Woodbridge
				Sue Simmons
				Lynn Morris
Principal	and			Exeter Library,	Castle Street, Exeter, Devon, EX43PQ
Registered		Office:
Registered		Charity No.		1170092
Registered		Company	No.	09822597
Chief Executive				Alex Kittow

Key Management	Head of Library Service and Customer	Head of Library Service and Customer	Tabitha Witherick
	Experience
	Director ofFinance &Operations		Karen Best
			(resigned 11e July 2022)
	Chief Finance Officer		Jo Hodgson (appointed 20" June 2022) (resigned 6e January 2023)
			Tom Glanville
			(appointed 3"July 2023)
	Head of Commercial	8 Innovation	Steve Turner
Bankers:	Barclays Bank pic
	Exeter, Devon
	EX1 1LX
Solicitors:	Kitsons Solicitors
	Torquay, Devon
	TQ2 7FA
Auditors:	Westcotts (appointed	16e March 2023)
	47 Boutport Street
	Barnstaple
	Devon
	EX31 1SQ
	PKF Francis Clark (resigned 5e May 2023)
	Torquay, Devon
	TQ2 7FF

				2023	2023		2022
			Unrestricted	Designated	Restricted
			funds	funds	funds	Total funds	Totalfunds
		Note	6000	FOOO	KOOO	EOOO	EOOO
Income and endowments
Donations and legacies		5	111		497	608	963
Charitable activities		6	7,449			7,449	7,669
Other trading activities		7	382		12	393	268
Investment income		8	54			54
Total income			7,996		509	8,504	8,900
Expenditure
Expenditure on raising		funds:
Costs of other
trading activities		9	150			153	123
Expenditure on
charitable activities		10,11	7,992		860	8,851	8,176
Total expenditure			8,142		863	9,004	8,299
Net gains on
investments		13
Net (expenditure)/Income
and net movement	in funds		(146)		(354)	(500)	612
Reconciliation offunds
Total funds brought forward			2,454	900	538	3,892	3,280
Total funds carried	forward		2,308	900	184	3,392	3,892

31 March 2023
					2023	2022
				Note	6000	FOOO
Fixed assets
Intangible assets				17	4	5
Tangible fixed assets				18	263	251
Investments				19	190	190
					457	446
Current assets
Debtors				20	500	1,003
Cash at bank and	in	hand			3,155	3,488
					3,655	4,491
Creditors: amounts		falling	due within one year	21	720	1,045
Net current assets					2,935
Total assets less	current		liabilities		3,392	3,892
Net assets					3,392	3,892
Funds ofthe charity
Restricted funds					184	538
Unrestricted funds					2,308	2,454
Designated funds					900	900
Total charity funds				24	3,392	3,892

Year ended 31 March 2	02	3
				2023	2022
				6000	6000
Cash flows from operating	activities
Net (expenditure)/income				(500)	612
Adjustments for:
Depreciation of tangible fixsd	assets			173	71
Amortisation of intangible assets				1	2
Net gains on investments					(11)
Changesin:
Trade and other debtors				502	190
Trade and other creditors				(323)	64
Cash generated from operations				(147)	928
Net cash (used in)/from operating		activities		(147)	928
Cash flows from investing	activities
Purchase oftangible assets				(185)	(233)
Purchase of intangible assets					(5)
Purchases ofother investments					(179)
Nst cash used in investing activities				(185)	(417)
Net (decrease)/Increase in cash		and cash	equivalents	(332)	511
Cash and cash equivalents	at beginning		ofyear	3,488	2,977
Cash and cash equivalents	at end ofyear			3,156	3,488

Building improvements	5 to 10years (or length oflease ifshorter)
ICT Hardware	3to 4 years
Motor vehicles	3years
Operational Equipment	3to 5 years
Fixtures, fittings and equipment-	3to 7 years

		Unrestricted	Restricted	TotalFunds
		Funds	Funds	2023
		6000	6000	6000
Donations
Donations				115
Grants
Bntish Library Grants			20	20
Arts Council	England		186	186
Good Things	Foundation
Covid support
Other			287	287
			497	608
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		8000	6000	f000
Donations
Donations		115		115
Grants
Grants
Arts Council	England		218	218
Good Things	Foundation		23	23
Covid support		403		403
Other			204	204
		518	445	963

				Unrestricted	Restricted	Total Funds
				Funds	Funds	2023
				KOOO	6000	OOOO
Local Authority		contracts		7,166		7,166
Service	user payments		&collection fees	188		188
Other income				18		18
Printing	& Photocopying		income	77		77
				7,449		7,449
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2022
				OOOO	6000	OOOO
Local Authority		contracts		7,323	102	7,425
Service	user payments		& collection fees	207		207
Other income				37		37
Printing	& Photocopying		income
				7,567	102	7,669

Other trading	activities
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
		KOOO	6000	6000
Retail income		26	12	37
Room hire		335		335
Catering		8		8
Other trading	income	13		13
		382	12	393
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		OOOO	6000	'ZOOO
Retail income
Room hire		233		233
Catering		30		30
Other trading	income	5		5
		268		268

Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
		6000	6000	6000	6000
Bank interest receivable		36	36
Income from investment	property	18	18
		54

					Unrestricted	Restricted	Total Funds
					Funds	Funds	2023
					f000	OOOO	6000
Costs of	other	trading	activities		150	3	153
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
					6000	6000	6000
Costs of	other	trading	activities		123		123
Expenditure		on charitable		activities by fund type
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2023
					6000	6000	6000
Charitable	Activities				7,756	532	8,288
Support costs					236	328	563
					7,992	860	8,851
					Unrestricted	Restricted	Total Funds
					Funds	Funds	2022
					EOOO	6000	OOOO
Charitable	Activities				6,698	792	7,490
Supportcosts					686		686
					7,384	792	8,176

Expenditu	re on charitable a	ctivities by activity type
		Activities
		undertaken	Support	Total	funds	Total	fund
		directly	costs		2023		2022
		f000	6000		6000		6000
Charitable	Activities	8,288	563		8,851		8,176

12.	Analysis ofsupport	Analysis ofsupport	Analysis ofsupport	Analysis ofsupport	costs	costs	costs
													Charitable
													activities			Total 2023	Total	2022
														6000		6000		6000
	Communications and				IT									130		130		193
	General office													253		253		133
	Finance costs																	38
	Other support		costs											145		145		294
	Auditors remuneration													35		35		28
														563		563		686
13.	Net gains on		investments
										Unrestricted		Total		Funds	Unrestricted		Total Funds
										Funds				2023		Funds		2022
											f000			6000		6000		6000
	Gains/(losses)		on investment					property								11		11
14.	Net (expenditure)/income
	Net (expenditure)/income						is stated		after	charging/(crediting):
																2023		2022
	Amortisation	of intangible					assets									6000		6000
																1		2
	Depreciation	oftangible				fixed		assets								173		71
15.	Staff costs
	The total staff		costs	and		employee			benefits for the reporting					period are analysed as			follows:
																2023		2022
	Wages and salaries															f000		f000
																4,948		4,586
	Social security		costs													329		292
	Employer contributions to						pension		plans							356		353
																5,633		5,231
	The average		head		count		of employees			during	the	year		was 383		(2022: 359).	The average
	number of full-time			equivalent				employees		during	the year		is	analysed	as follows:
																2023		2022
	Library staff															No.		No.
																129		140
	Management,		service, development						and	support	services					57		41
																186		181

IT, not in 2023 and the CFO has only been in post for 6 months Intangible assets	of2023.
	Software
	6000
Cost
At 1 April 2022 and 31 March 2023	74
Amortlsatlon
At 1 April 2022	69
Charge for the year	1
At 31 March 2023	70
Carrying amount
At 31 March 2023	4
At 31 March 2022	5

18.	Tangible fixed assets
	Plant	and	Fixtures	Motor
	machinery		and fittings	vehicles	Equipment	Total
		'f000	OOOO	8000	OOOO	8000
	Cost
	At 1 April 2022	193	19	35	129	376
	Additions	100			85	185
	At 31 March 2023	293	19	35	214	561
	Depreciation
	At I April 2022	86	19	2	18	125
	Charge for the year	76		12	85	173
	At 31 March 2023	162	19	14	103	298
	Carrying amount
	At 31 March 2023	131		21	111	263
	At 31 March 2022	107		33	111	251
19.	Investments
						Investment
						properties
						6000
	Cost or valuation
	At 1 April 2022 and 31 March 2023					190
	Impairment
	At 1 April 2022 and 31 March 2023
	Carrying amount
	At 31 March 2023					190
	At 31 March 2022					190

Yea	r ended 31	March	2023
20.	Debtors
				2023	2022
				OOOO	OOOO
	Trade debtors			72	122
	Prepayments	and accrued income		343	593
	Other debtors			85	288
				500	1,003
21.	Creditors: amounts		falling due within one year
				2023	2022
				f000	f000
	Trade creditors			182	229
	Accruals and deferred		income	186	632
	Social security	and other taxes		296	122
	Other creditors			56	62
				720	1,045
22.	Deferred income

Deferred	income
			2023	2022
			6000	6000
At 1 April	2022		77	295
Amount	released	to income	(77)	(295)
Amount	deferred	in year	42	77
At 31 March 2023			42	77

				At			Gains and	At 31	March
		1	April	2022	Income	Expenditure	losses		2023
				OOOO	f000	f000	OOOO		6000
General	funds			2,454	7,996	(8,142)			2,308
				At			Gains and	At 31	March
		1	April	2021	Income	Expenditure	losses		2022
				f000	f000	f000	f000		OOOO
General	funds			1,597	8,353	(7,507)	11		2,454

		At			Gains and	At	31 March
		1 April 2022 f000	Income f000	Expenditure f000	losses f000		2023 f000
British Library		347	21	(314)			54
Arts Council		49	197	(211)			35
Good Things	Foundation	21		(15)			6
Kickstart
Other		121	291	(323)			89
		538	509	(863)			184
		At			Gains and	At 31 March
		1 April 2021 f000	Income f000	Expenditure f000	losses f000		2022 f000
Bntish Library		616		(269)			347
Arts Council		53	218	(222)			49
Good Things	Foundation	25	23	(27)			21
Kickstart			52	(52)
Other		89	254	(222)			121
		783	547	(792)			538
Designated	funds
		At			Gains and	At	31 March
		1 April 2022	Income	Expenditure	losses		2023
		FOOO	FOOO	FOOO	f000		f000
Property development		250					250
Infrastructure		500					500
Project development		150					150
		900					900
		At			Gains and	At	31 March
		1 April 2021	Income	Expenditure	losses		2022
		f000	f000	f000	f000		f000
Property development		250					250
Infrastructure		500					500
Project development		150					150
		900					900

Analysis	of net as	sets between	funds
			Unrestricted	Restricted	Designated	Total Funds
			Funds	Funds	Funds	2023
			f000	f000	f000	f000
Intangible	assets		4			4
Tangible	fixed assets		263			263
Investments			190			190
Current assets			2,571		900	3,655
Creditors	less than	1 year	(720)			(720)
Net assets			2,308		900	3,392
			Unrestricted	Restricted	Designated	Total Funds
			Funds	Funds	Funds	2022
			f000	f000	f000	f000
Intangible	assets		5			5
Tangible	fixed assets		251			251
Investments			190			190
Current assets			3.053	538	900	4,491
Creditors	less than	1 year	(1,045)			(1,045)
Net assets			2,454	538	900	3,892

Analy	sis	ofc	han	ges	ln net debt
							At		At
						1	Apr 2022	Cash flows	31 Mar	2023
							EOOD	f000		f000
Cash	at	bank	and	in	hand		3,488	(333)		3,155

The	total	future		minimum	leases are as follows:	leases are as follows:
					2023	2022
Not	later	than	1	year	6000	6000
					89	92
					191	162
					136	5
					416	259