THOMAS PLUME'S LIBRARY TRUSTEES ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2024 PAGE Charty Inlomat•)n 24 Trustees Annual Report Independent Examinerfs Report Staiemeni of Financial Activilies Balance Sheel 8.13 Notes lo the Aecounls
'rHONi Itl5 PLUI%qE'S LIBRARY CHARITY INFORII IATIOIN, YEAR EINDF.D 31ST NIARCH 2024 Trustees Mr T Baster Lady Berney Mrs K Claydor) Rev J F Dickens Miss S E Dignasse Cllr J Fleming Dr A Kni6htbridge Cllr A Lay Cllrs P Nunn Mr R Pipe Mrc R Potter Mrs S Shires Mr N Spenceley Mrs S M Swaffin-smith Mr C A Waketield Ex-OfficÈo as Principal of Plume Academy. appointed 2" October 2023 Appoinied by Essex County Council Appointed by Maldon Town Council Appointed by Maldon District Council. resigned 4 May 2023 Appointed S June 2023 x-officio as Principal of Plume Academy, resigned 31" july 2023 Principal Oflicer: Cllr A Lay Registefed address: Markel Hill. Maldon. Essex CM9 4PZ Registered Charity Number.. 1179957 Bankers.. Barclays 8ank plc. Leicester LE87 2BB Reporting Accountants- Lambert Chapman LLP. 3 Warners Mill. Silks Way, Braintree, E55ex, CM7 3G8 Independent Examiner: L Greenwood FCCA Lambert Chapman LLP 3 Warner5 Mill. Silk5 Way. Braintree. CM7 3GB Librarian-. DrHKKemp
THOMAS PLUME'S LIBRARY Registered Charity No 1179957 TRUSTEES, ANNUAL REPORT For the period I" April 2023 to 31" March 2024 ObSectives and activltle5 The objects of the charily, in accordance with the will of Thomas Plume who died on 20, November 1704. are to preserve and maintain The Plume Library and its contents. and to make them publbcly available for ihe benefit of scholars and the wider local community. The Library, which contains some lo,0 vol¥Jmes from Dr Plume's peisonal collection and later acquisitions, is housed on the upper floor of ihe original building. now owned by Maldon Town Council. 11 is open to the public on four separate occasions each week, and at other times as appropriate. The Trustees employ a librarian and support staff to manage the library. lo oversee the continuing conservation work. and to supervise public access lo the collection. The staff also support the various activitie5 of the Trustees and ihe Friends of Thomas Pluffle's Library as appropriate. The online catalogue of books beqL¢eathed by Thomas Plume was fiisi publishe(l in 2(L)9 and 2011 saw the 3ddilion to the online catalogue of rhe p05t-Plume collection and the first phase of the Manuscript and Archive Catalogues. In February 2019 the project to COnsee and cataloBue the Library's archwe was completed. The Friends ol Thomas Plume's Library continue to gNe their generous support to our aciivities. Nine missing books were purchased Iwith additional funding from ihe Friends of the National Libraries), and a Frien or8anised the design and supply of Christmas cards to support Library funds. Volunteers from the Blackwater Arts Society continue to make an invaluable conrribution to the Book Shoe Projeci. stocktakiriE, and cleaning the collection. A project to conserve Plume's colleciion of oil paintin85 Started in 2023, wilh total giant funding of £5.500 having been received so far from ihe Essex Communiiy Fund and Essex Heritage Trusi. Two ot the paintings have been succe55fully conserved and are wailing for their frames to be fitted. Two silver gilt frames have been repaired and resiored by The City and Guilds London Art School. and two ftsrther joiners frames are curfenlly being worked on. The lecturer is using Ihe restoratiori of the frames to teach sludenis about historic framing. Further grani funding is being sought foi further conservation work on the painiings. A Fundraising Working Party has been set UP, lo explore and develop additional revenue streams for the Libfary. Grant funding w35 applied for and received from the Adrian Swire Charitable Trusi IE5,LXIOI and the Fowler. Smith and Jones TrUsi1£3,Cl. Other inilialives, including a Regular Givin8 Scheme. will be pul in place in the coming year. In planning theif activities for the year ihe Trustee5 kept in mind the Charity Commission's guidance on public benelil at their meetiriES.
Risk Management The Trustees review annually the major risks that the charity faces. and have established systems to avoid or miligate such risks. Structure and Governance Thomas Plume's Library is governed by a Constitulion registered with the Charity commission on 17, September 2018. This Trust commenced operation on I" April 2019 when it acquired by Vestin8 Deed from the Thomas Plume's Library Trust Charity No 310661 all the assets of the that trust. The Principal of the Plume Academy. Maldon. lor the time being shall automatically l-ex officio") be a chaflty trustee. for as long 35 he or she hold5 that office. Essex County Council, Maldon Oistrict Council. Maldon Town Council and the Parochial Chuich Council of ihe Parish of All Saints wilh Sl Peler may each appoint one charity trustee. Achievements and Pertomance l. The ongoing core activlty of maintaining and conserving the book collection, adtling to it where possible by acqvisition of books to replace those which have been10st from Ihe original collection 2. Openin6 the library lo the public on a regular basis. hosting iour groups and givinE talks to external groups and organi5ations 3. The online catalogue and web51te are constantly beine improved. expanded and updated 4. Organising the annual Plurr¢e Lecture- Maierial texis in early modern England= the case of waste paper, given by Professor Adam Smyth, Faculty of English, University of Oxford 5. Hosting Herila8e Open Day 2023 6. Hosiing Plume Academy Year 8 studenl5 in November and Year 11 student5 in March 7. ContinLting the comprehensive review of the safely and security ol OUT premises and the colleciion 8. Continuin8 review of our Polictes fof ihe proper management ol the Tiust, bearing in mind our responsibilities for the conservalion ol our collection. our obligations to the public and our staff. and the need for appropriate financial controls Financial Review General Ftjnd income for the year toialled E41,240. expenditure É34.462. resulting in a net surplus of E6.778. The total of our unrestricied General Funds and therefore free reserves as at 31" March 2024 was £726,967. The Library contents. and freehold ènd leasehold property, are Classified as a55ets of Permanent Endowmeni Fund, following the wishe5 of Thomas Plume as expressed in his Will. This Fund was valued 31 £4.078.846 at the year end.
Reserves Polity - the Trustees consider that the toial cash held in current and deposit accounts of £48,6S6 provides an adequate reseNe of funds should there be an unexpected shortfall of income or increase in expenditure. Restricted Funds- the movement5 Iri these Fursd5 showing their funding sources and expenditures are shown in Note 14.1 lo the Financial Statements. Fixed As5etS The Trust holds long-term investments held in funds which are reviewed annually with advice from an Independent Financial Advisor. These investmeni funds were valued at £672.249 ol our financial year end. The value of these investments increased by £27.990 during the year. The contents of the Library are included in ihe Balance Sheei as a Heriiage Asset valued at their insured figure of E4,076,846, unchanged from rhe prioi year. Our freehold ownership of the Fèirfield, on long lease to the Pluffle Academy. is valued at £2.lYJO. On Behalf of rustees Chair the ust Approve(J by the Trvs ees l atel
PLUMES U8RRY
IPKJEPENDEMT EXER$ REPORT TOTHE IRUSTÉÉS OF
THOMAS PLUME'S LIBRARY
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PLUIYSLIBR•JIY eAE SIIEET JIST MARCH 1424 ZD24 T•t41 TDtal Fl¥•d As•• Tllngittle Ass¢ Heri14PASMts 4 076.616 4.076 816 $72.249 672 249 044.255 lotsi Fixe4AsseEs 672 219 4 ?$1.955 4.71J.IDS trI•tAl•t $344 8.908 C4th al 8k aTh1 hi H¥ 48 6$5 J.wJ 53 658 45.20D 3.0fy3 60.Qt¢2 y.ioe L•55 Crndito 2201 J.Lb)J $2B4 6.1 N¢t CurteniASS 54 714 51 718 47 940 5$ClleD1 knawlies T467 4 071 816 4.805.alJ .771 045 Furtdi o1th•cr5fy 152.281 145.503 Rrfaluaoh Fteserye 574.686 574.116 6.69S Pwrnanehl 4.070646 ¢78.O46 4.07U.845 72S.567 .078.6 4.e05.ai3 4.7YI.015 Pa4• 7
NOTESTOTHEK¢OLWTS FOR ThEItAA ÈNDEP 2ty24 iry¢obVF1019. FnRe2Ykfi0 1021•f¥1th0 ChWrtY5kl 2DI1 The Charnv mEet3 IhedtfMwid• FR$ 102 It5[$1¢1 Gothg ConE•ffl Thv &¢ounls wÈp¥e¢ asse$5 cEn15ppl09fve ie conLTrJ• 14 ¢¢n¢effl Tne1rSleI% IfN$451esbTrieni•)ies¥ecioiapproJ ¥hvyeailt¢MthedtdapwwL1Ihp J•fflw InGIlrn• InEornefrDm IniièJl ¢irttn4s tyt iece¢q Llatr4ilJ• AI VAP¥1¢ IS 01¢ WagtIll¢0sI$1elknJ Ioihkl ¢athgory EyperrfAure Pawn•#0th¥d wthty• iMI GtsY•rnarK¢COSL%in¢wih¢osis s1llklrrfyteoL*I¢W
trIoTESTO114C¢tyINTSFIxTMEYEAREMOEOJIS1 IIAACIIJO I1 Fi4 FunaÈ 4T4) 2632 11 7 4674 166Jr 780 £55 655 55 1955 36417 2fj417 24442 2è412 TOTAL ItKWE 1210 J5647 11
E5 TQTMÉACCIYJIITS FOR EWOEO 51STIIIKH 2ts24 ol Ep•ndsiur• Toial 2•23 E¥yn4ltur•oTrehttt4i Acll¥6th sts S•8 WagP5 200n 20077 19.03 Subscnp1ft5 ltyj cr1¢$ ZtsD77 1¥.034 Ltary¢ONnI1 5374 5.374 416$ Cortwywon 65 ).¢65 J.J?b Poaks Purchthlod 15.637 1S.OJ7 11 Wetrs11• •noc•i>J¥ry C951$ 2969 18.6J7 27.045 PJaintonaKeth afvJFIthftg9 RtAt ano W&tet Ch•Tg¢5 CK•anw N%a4es CMI)efft9 Cty4 ie6 205 205 249 227 275 Jz 3.914 3.914 $297 YJ 4? 47 368 sundry Épqn5•5 Pu¥iUlIOftS )0• 767 767 Totsi Ep•nOttvr• AC1JY•• G0vqrna1 Leg41 Fees Indyndenl Éx•mirttts Fets 630 1296 1.493 11.6)7 6a055 42.273 J.1 Pild Empty Slan Cosl3- 7PZ4 242J 20 )04 19 JOS 5lloal Secwity Cosis T¢iai sw Colts 20 )01 19 509 Chèfitat4e P•3e io
TIWJMASPLUIIE'SLIBRARY 40TES TOIHE ACCOUNTS FOR THE YEAR EtrIOEO JIST MARCH2D24 4 Tan9lble Flx•d Ass¢ 4 1 C¢$ici ¥¥¥¢ F1 FrithJ Fws Equvwd OpEnfft9 Revaiuatyon 7.198 .196 Alehd ol yew 7.1 9,19 ¥1e$ 4 2 Oepcla Free Ta 71 7.196 Ai erwj w year Ba31501 Oeprec4w. Freentyo LS mtdewecrdtea FiUres. FWS •70 3 Y¥s¢ a SLraptinÈ basi 7196 7 196 d ? Nei Book Vètue- Al bwnniry ol ar hieno of year 2.000 2.0 4 4 Fi¢ehOUl8nais ¢tSW4Wa53nassrf¢4 S H•rK49B Ass•i• 5 111> Thws Pium•'s Lthry styM7.W) ¥t+rnoI l¢qLeeffj 1704. iowther srffje J WO SubsQqUErt Th? OTt¢yamoi 5 111) The Flume by ¥11$1 nr•Jt 15 Thrn Lwaryw a •Yg ye¥ ityase ai a rentsi Sop pa eAprwl9 theyear2932 and 15 onsthied to have Markl ¥alup S Ilmil The¢on)ftUing ana MeCenoI1 Litr¥v Tru5reFs•nOth¢ ".?0 kfjCrMI mLSYn9 Ihew m¥ket%thvep0551ts 5 2 Valuatyon. Ai bEgnr401 ¥e•t Alloibtyls 4n e year RevaalKl of LINary Con15 4 076.646 4 076.e48 5 3 ThLYe 15 n0deprec0K olHvrtagpJssets TW ateicdabxd V¢UlleNiswe¢ th¢L*nryccthnts $4 HentageA55ets wedes9wedasaSS£l0ftr¢ Pwfflanw4 Errftr• Fwd P49E11
NOTESTO 7HEA¢¢IYJMTSFt¥tTMÉ YEARE14DEDJIS7 RcH JI Llw(h1024 31 Uwth20Z3 Jl lJxth2072 35DI ogj JI MbXh2021 JI UW&2Q2D Z4 Nel 27Y •Er4Dlye¥ n249 ¢44 259 V4 4rer4J 612 249 6M 259 20 ?J 763? 2WJ 61¢ • C••h 41B•nk4Thd In 20 20tJ 4cc $2 452 10 F•lrVilu•*fA•s11¥ IJ Aad
THOIA•S PLLME'S LRARy NOTESTO THE ACCIJUNTS FOR THE YEAR ENDED 31ST MAACH 202 14 charity F¥nd$ 14 1 Re5Vled FuDds hEkl andTho¥emeMsfftihEcurreN year. Transtrs Balanc • Book ReplJcerreni b PainSeJbw 15637 15.637 300D 10.637 18.637 a eook ReDia¢emeni pr0warnfflesLwed to ieplx8 took$4y¢he krw Fnenos ol TM)m•s Pkme"$ L4¥¥ Fnems ¢fir Nthn¥ L4 FLnthng 11825 3.B12 O Paintsng eonstrvai FundTai5iDg lold5 caln oe the p•rthrffjs FLnthr¥J Essex Flage Trusi 14 2 ReswuJ Funds trddand tlS In prerA1% y¢a. Ti¥n5f¥s ExrwMwe P4)Dk RepSaGerrwi Painbng ¢(ervaOn 4465 4465 6965 6.965 14 J Perm3neN End7li Fwd 5)ve•CLtyrer¢ year Perent End1 Fund 4.078.a46 4.078 846 14 4 PuManemEntherrt Fwd hbMrroN5 mihewwyE3r B•tarte Permaneni ETr2thyrneni FuTrJ 3 503.053 575 75J 4.078.e46 14 5 Uni¢sthaed Funlls andffthernems theoJrenLyear. Ba&rKe T[lerS R¢vaiuatstyi ol InYesm2niS 8aarKe Geffleiai Fund Revaluaiicn Re5LV Totsi Unrestlw 145 503 Y66 692 195 41 240 134 4621 27.9SD 27.990 574.686 726.967 41 240 134 4621 14 6 Ure5cle0 Fufvjs ntio MoVeMLS N) the reYK)us 31. Tr¥¥erS me Expe[IllU[* R¢vaiuaiFon of In¥esm4nLS B018nc Gene141 Funa Re¥aluaboTh Reserwe Tothi Unr¢51IKied Fd$ 19?.129 589117 741 246 28 662 135.JO81 145.503 548.696 692.199 28.68Z 135 30BI Pa9e ij