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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|
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|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||
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|Key Management|Personnel|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|||
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|||||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|
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|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|
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|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|
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|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|
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|||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|
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|||||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|
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|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|
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|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||||
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||||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|||||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|
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|||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|
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|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|
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|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|
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|The|total|future||minimum|lease|payments|under|non-cancellable|operating|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|
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