FEMINIST LIBRARY AND INFORMATION CENTRE Charity number 1174735
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2021
FEMINIST LIBRARY AND INFORMATION CENTRE
CONTENTS FOR THE YEAR ENDED 31 MARCH 2021
| Draft as at 29th April | |
|---|---|
| Page | |
| Statement of Financial Activity | 1 |
| Balance Sheet | 2 |
| Notes forming part of the financial statements | 3 - 4 |
| Independent Examination report | 5 |
FEMINIST LIBRARY AND INFORMATION CENTRE
STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 31 MARCH 2021
| Note Income Donations & legacies 2 Charitable activities 3 Other trading income 4 Total Income Expenditure Charitable activities 5 Cost of raising funds Total Expenditure Net Income/(Expense) Transfer between funds Total funds at 1 April 2020 Total funds at 31 March 2021 |
Unrestricted Funds £ 48,102 1,721 2,539 52,361 32,581 1,760 34,341 18,020 - 41,310 59,330 |
Restricted Funds £ - 1,000 - 1,000 - 400 400 600 - - 600 |
2021 Total £ 48,102 2,721 2,539 53,361 32,581 2,160 34,741 18,620 - 41,310 59,930 |
2020 Total £ 49,325 13,916 1,507 |
|---|---|---|---|---|
| 64,749 | ||||
| 72,025 2,351 |
||||
| 74,376 | ||||
| (9,627) - 50,937 |
||||
| 41,310 |
The notes on page 3 - 4 form part of these financial statements.
1
FEMINIST LIBRARY AND INFORMATION CENTRE
BALANCE SHEET AS AT 31 MARCH 2021
| Note Current Assets Debtors Cash at bank and in hand Total Current Assets Current Liabilities Creditors 6 Total assets Unrestricted Funds Restricted Funds Total Funds |
2021 £ - 60,902 60,902 972 59,930 59,330 600 59,930 |
2020 £ 30 42,106 |
|---|---|---|
| 42,136 826 |
||
| 41,310 | ||
| 41,310 - |
||
| 41,310 |
The Trustees declare that they have approved the accounts.
Signed Date 25/01/2022
2
FEMINIST LIBRARY AND INFORMATION CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021
1. Accounting policies
Basis of the preparation of the accounts
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement on Recommended Practise applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The charity constitutes a public benefit entity as defined by FRS 102.
Cash Flow
The financial statements do not include a cash flow statement because the charity, as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting Standard 1 "Cash flow statements".
Incoming resources
Grants receivable are recognised in the accounts when conditions for their receipt are satisfied. Grants with conditions attached to their use are included in restricted funds. Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable.
Resources expended
All expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive obligation to pay. Expenditure has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to a particular heading they have been allocated to activities on a basis consistent with the use of the resources.
Costs classified as governance relate to the general running of the charity and include the operations of the Board of Trustees and addressing constitutional audit and other statutory matters.
Resources expended include attributable VAT, which cannot be recovered.
| 2. Donations and legacies Unrestricted £ Donations 45,955 Gift aid 2,146 48,102 3. Income of charitable activities Unrestricted £ Grants - Other 1,721 1,721 |
Restricted £ - - - Restricted £ 1,000 - 1,000 |
2021 £ 45,955 2,146 48,102 2021 £ 1,000 1,721 2,721 |
2020 £ 36,209 13,116 |
|---|---|---|---|
| 49,325 | |||
| 2020 £ 13,187 729 |
|||
| 13,916 |
3
FEMINIST LIBRARY AND INFORMATION CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021
| 4. Other trading income Unrestricted £ Sales 2,539 2,539 5. Expenditure of charitable activities Unrestricted £ Wages 27,225 Direct expenses 59 Audit and accountancy 146 Coordination/performance 550 General expenses 91 Insurance 60 Printing, postage & stationery 278 Moving costs - IT software and consumables 3,358 Repairs & maintenance - Staff training 150 Telephone & internet 663 Travel - national - 32,581 6. Creditors Accruals |
Restricted £ - - Restricted £ - - - - - - - - - - - - - - |
2021 £ 2,539 2,539 2021 £ 27,225 59 146 550 91 60 278 - 3,358 - 150 663 - 32,581 2021 £ 972 972 |
2020 £ 1,507 |
|---|---|---|---|
| 1,507 | |||
| 2020 £ 31,254 2,085 624 3,258 1,914 1,116 266 26,761 2,700 130 - 1,824 94 |
|||
| 72,025 | |||
| 2020 £ 826 |
|||
| 826 |
7. Staff
No staff were paid more than £60,000 per annum.
8. Related Parties
There were no related parties within the year.
None of the Trustees received any remuneration during the year.
9. Going Concern
The charity is operating on a going concern basis
4
FEMINIST LIBRARY AND INFORMATION CENTRE
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021
I report on the accounts of Feminist Library and Information Centre for the year ended 31 March 2021 which are set out on pages 1 to 4.
Respective responsibilities of trustees and examiner
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts under section 145 of the Charities Act,
-
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act, and
-
To state whether particular matters have come to my attention.
Basis of independent examiner’s Statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes considerations of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I 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 accounts to be reached.
Shelley-Marie Rudling FMAAT AATQB for and on behalf of: Community360
Winsley’s House, High Street, Colchester, Essex
Date 25/01/2022
5
Trustees’ Annual Report for the period
From 1 April 2020 To 31 March 20201
Charity name: Feminist Library & Information Centre
Charity registration number: 1174735
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | TO ADVANCE EDUCATION FOR THE PUBLIC BY: 1) OPERATING AND MAINTAINING FOR GENERAL USE A SPECIALIST LIBRARY OF FICTION, NON-FICTION AND ARCHIVE RESEARCH MATERIALS RELATING TO THE POSITION OF WOMEN IN SOCIETY AND; 2) PROVIDING OTHER FACILITIES FOR EDUCATION AND RESEARCH INTO THE POSITION OF WOMEN IN SOCIETY. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Keeping the Library open to the public – throughout the pandemic the team has worked to do so in line with government restrictions, including implementing health and safety procedures and a booking system to ensure social distancing. While it was not possible to open to the public due to restrictions, the Feminist Library has offered online events, book clubs, resources and presentations from the archive in order to advance the organisation’s purposes despite challenging circumstances. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustee’s have considered the Charity Commission’s guidance on public benefit when planning to charity’s activities, and have remained mindful of public benefit and of the charity’s stated purposes. We have consistently provided facilities and activities open to the public and worked to develop our audience to allow as many people as possible to benefit from the work of the organisation. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference N/A Para 1.38 Policy on grant making
| Policy on social investment including program related investment |
Para 1.38 | N/A |
| Contribution made by volunteers |
Para 1.38 | - Volunteers have organised events online and in person, including the exhibition ‘We Are Here’, marking Black History Month, with iterations online and in the physical space. - Volunteers have worked to maintain the collection. - Volunteers have run the bookshop and launched an online shop to help with fundraising throughout the pandemic. - Volunteers have also contributed to other fundraising activities including grant applications. |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | - Running book clubs, in English, Spanish and occasional other languages including Polish. Throughout the year these were held online to reach an international audience. - Running online events, including a series of webinars around Care, book launches, workshops and meditation sessions. - Publishing, including the zine ‘Care in a Pandemic,’ ‘Queer Zine Dictionary’ and the bilingual Spanish/English annual Calendar. - Over 1000 people attending online events during the year. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set
Performance of fundraising activities against objectives Para 1.41 set Investment performance Para 1.41 against objectives Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Total funds t 31 March 2021: £59,930 |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We ensure to retain at least £6,500 in our savings account to cover staffing and related expenses for a ‘winding up’ period, should the organisation cease its activities. |
| Amount of reserves held | Para 1.22 | £6,500 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional) You may choose to include further statements where relevant about: Donations through our Friends scheme, grant funding, events. The charity’s principal sources of funds (including Para 1.47 any fundraising) N/A Investment policy and objectives including any Para 1.46 social investment policy adopted N/A A description of the principal Para 1.46 risks facing the charity Other
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees named as founding members of CIO, additional Trustees may be nominated and elected at Annual General Meetings. |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | Feminist Library & Informtion Centre |
|---|---|
| Other name the charity uses | Feminist Library |
| Registered charity number | 1174735 |
| Charity’s principal address | Sojourner Truth Community Centre 161 Sumner Rd London SE15 6JL |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Gail Chester | Chair | |||
| Patrizia Dibello | Secretary | |||
| Anna Pigott | Treasurer | |||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Anna Pigott | ||
Treasurer |
||
| 23/01/2021 | ||
| 23/01/2021 |