FEMINIST LIBRARY AND INFORMATION CENTRE
Charity number 1174735
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024
FEMINIST LIBRARY AND INFORMATION CENTRE
CONTENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |
|---|---|
| Statement of Financial Activity | 1 |
| Balance Sheet | 2 |
| Notes forming part of the financial statements | 3 - 6 |
| Independent Examination report | 7 |
FEMINIST LIBRARY AND INFORMATION CENTRE
STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 31 MARCH 2024
| Note Income Donations & legacies 2 Charitable activities 3 Other trading income 4 Total Income Expenditure Charitable activities 5 Total expenditure Net income/(expense) Transfer between funds Total funds at 1 April 2023 Total funds at 31 March 2024 |
Unrestricted Funds £ 22,780 8,286 22,450 53,516 56,493 56,493 (2,976) - 56,123 53,147 |
Restricted Funds £ - - - - - - - - - - |
2024 Total £ 22,780 8,286 22,450 53,516 56,493 56,493 (2,976) - 56,123 53,147 |
2023 Total £ 36,047 48,283 22,827 |
|---|---|---|---|---|
| 107,157 | ||||
| 110,026 | ||||
| 110,026 | ||||
| (2,868) - 58,991 |
||||
| 56,123 |
The notes on page 3 - 6 form part of these financial statements.
1
FEMINIST LIBRARY AND INFORMATION CENTRE
BALANCE SHEET AS AT 31 MARCH 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Current assets | |||||
| Cash at bank and in hand | 80,161 | 75,802 | |||
| Debtors | 6 | 7,060 | 6,444 | ||
| Total current assets | 87,221 | 82,246 | |||
| Current liabilities | |||||
| Creditors | 7 | 34,074 | 26,123 | ||
| Net assets | 53,147 | 56,123 | |||
| Unrestricted funds | 10 | 53,147 | 56,123 | ||
| Restricted funds | - | - | |||
| Total funds | 53,147 | 56,123 |
The Trustees declare that they have approved the accounts.
Signed | q 4a; uh Y " ‘a! L.. Date 30th January 2025 ~~SS~~ Alice Arkwright
2
FEMINIST LIBRARY AND INFORMATION CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
1. Accounting policies
Charity information
Feminist Library and Information Centre is an registered Charity. The registered address is Sojourner Trust Community Centre, 161 Sumner Road, London, SE15 6JL. They are recognised by HMRC for Gift Aid.
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.
Going concern
The trustees of the charity deem that there are sufficient funds available to continue operating on a going concern basis for the forseeable future
3
FEMINIST LIBRARY AND INFORMATION CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
Fund accounting
General funds are unrestricted funds which are avaliable for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
There are no critical accounting estimates or judgements in the financial statements.
| 2. Donations and legacies Unrestricted £ Donations 22,780 22,780 3. Income of charitable activities Unrestricted £ Grants 6,340 Other 1,946 8,286 4. Other trading income Unrestricted £ Sales 22,450 22,450 |
Restricted £ - - Restricted £ - - - Restricted £ - - |
2024 £ 22,780 22,780 2024 £ 6,340 1,946 8,286 2024 £ 22,450 22,450 |
2023 £ 36,047 |
|---|---|---|---|
| 36,047 | |||
| 2023 £ 44,380 3,903 |
|||
| 48,283 | |||
| 2023 £ 22,827 |
|||
| 22,827 |
4
FEMINIST LIBRARY AND INFORMATION CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
| 5. Expenditure of charitable activities Unrestricted £ Wages 14,665 Subcontractor wages 15,079 Direct expenses 5,712 Audit and accountancy 460 Other professional fees 655 Provision for liabilities 7,951 Coordination/performance 201 General expenses 1,234 Insurance 1,632 Printing, postage & stationery 316 Advertising & marketing 36 IT software and consumables 2,058 Rent & rates 6,298 Staff training - Subscriptions & membership 174 Telephone & internet 22 Travel - national - 56,493 |
Restricted £ - - - - - - - - - - - - - - - - - - |
2024 £ 14,665 15,079 5,712 460 655 7,951 201 1,234 1,632 316 36 2,058 6,298 - 174 22 - 56,493 |
2023 £ 24,653 29,790 12,094 1,260 12,943 6,363 11,913 2,533 1,498 626 45 2,542 2,127 888 396 28 326 |
|---|---|---|---|
| 110,026 |
A provision for liabilities has been created to account for an invoice for service charges that are currently in dispute. This is still outstanding, and it is likely that there will be a reduction on the full invoice, and this potential reduction has been included as a provision.
| 6. Debtors Other debtors Prepayments 7. Creditors Accruals Trade creditors Provision |
2024 £ 697 6,363 7,060 2024 £ 470 19,088 14,516 34,074 |
2023 £ 81 6,363 |
|---|---|---|
| 81 | ||
| 2023 £ 470 19,291 6,363 |
||
| 26,123 |
8. Staff
No staff were paid more than £60,000 per annum.
An average of 2 staff were employed during the year.
5
FEMINIST LIBRARY AND INFORMATION CENTRE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
9. Related parties
There were no related parties within the year.
None of the Trustees received any remuneration during the year.
10 Fund analysis
| Fund analysis | |||||
|---|---|---|---|---|---|
| Unrestricted funds General funds |
Balance at 01-Apr-23 £ 56,123 56,123 |
Incoming £ 53,516 53,516 |
Outgoing £ (56,493) (56,493) |
Transfers £ - - |
Balance at 31-Mar-24 £ 53,147 |
| 53,147 |
6
FEMINIST LIBRARY AND INFORMATION CENTRE
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024
I report on the accounts of Feminist Library and Information Centre for the year ended 31 March 2024 which are set out on pages 1 to 6.
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
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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 Billi, Date 30/01/2025 7