REGISTERED CHARITY NUMBER.. 270309 RÉPORT OF THE TRUSTEES AND FIMANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 FOR MARX MEMORIAL LIBRARY Slurwss Hulchinson Chartered C@rtffled Accountsnts 21 New Walk Leicestor LE1 6TE
MARX MEMORIAL LIBRARY CONTENTS OF THE FINANCIAL STATEMENTS FQR THE YEAR ENDED 31 DECEMBER 2025 Page Report ofthe Truste88 Independent ExamIn0¥ Report 12 ststemerrt of Financial Activitlgs 13 Balance Sheet 14 Notes to the FinanGidl Ststements 15 to 2D Detailed Statement of FSnarb¢ial Actlvltles 21
MARX MEMORIAL LtBRARY REPORT QF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 The Itustses present their rfyport Mlh the finanaal statemeThl$ of the charity for th8 ytar ended 31 DècJmber 2025. Tho IFustee$ have adopled the provision$ ol A¢Gounting and Réporting by Charities. stsiement of Recomrnendtd Pra¢iice applicable to charities preparing their accounts in accordance ryth the Financial Raporun9 Standard applicablo in the UK and Republic of Iland IFRS 1021 leff&ctive 1 January 20191. Oblectlv06 and adiviti48 Objeciives and aim$ Introduction The Iruslees are easad lo present theirannual report and Finandal slalemgnts for the year ènd8d 31 December 2025, in accordance with the ChariV8 Constitution, current $tslutory requirements and the prwsions of th8 Statement of RecomTnended Pra¢liGo ISORPI'kn¢¢unting and Reporting tyy Chariiies. 16sued ID 2015. OUT Puwose The Marx Memorial Librgry and Workers School I'MML") 18 8 rog15tered chartty devoted to the 'advaDcemtrnl of education. leaming and knowledg• bythe provision. acouisition and mzintenance of a library of books. penodi¢81s. m8nuscripts, artefa¢ls. electronic m8tedal and other rnedia r8lallng lo all aspects of the sdtnce of Marxism 8nd of the history of So¢ialism and thè trade union and worklng-class rnovernents for all persons desiring lo tnake bona tide use Iheraof for said objeGt'. The TnJstee6 beliva th8t'. - MML provldes a unique space for the study of our ri¢h and radical laul tnovem8nl heritage and the ptrw&rful stimulus provided by Marxist thinking MML prowd8s the résourc8s necessary for the provision of eduCatn In the 5(ienc of Marxism 8nd the history of socialism MML has through these eLluGational rasour the potential 10 make a significant contrfbulk)n to current intelleth81 and cultural debats to enrich ovil society MML'S members are Cru1 to its future success as we seok to raise its profile. gener¥le incame. keep uptTr SPtr8d th the lalesl d9velopmtrnls In 8St and ¢alIst thinkiw and make th& c(Alection moré ac¢essiFJe to a der audience. Si9nifieant Octlvlties During the courstr of 2025 the MML'S Iru8tees Gonventrd a strategic planning away day and rsIted progrwds on obje¢lives outlined in the 2023 strategic plan as follows. - Collections.. Develop, maintsin and providè a uniquo research resourca In the forrn of our Ilbrary 8nd archive. Education". Deliver 8 ral8v8nl, engaging education prograrnm8 on and off.gite in the form of Classes. leGlums and workshops to greater numbers aft¢ Qiverse audi&n¢es. Engagement & Outr@ach'. Broaden and divetsify audienGes engaging with our collections and education work through an inclusiv& creative appro*¢h lo communications. line initiatives, partnership work, our volunteer and publication. exhibition and events programme. Resilierioe & Sustainablllly.. Develop strorvJ gowemance, staffing, valunteer and finance frameworts environmentally sus18inable approach- lo ensu Ihtr MML'S mission is achi&v8ble in the long-term. The Building.. Redevelop Marx House to transform MML'5 8bility to 5tts collections. enabie attÈs$, host events and aciiviti8s and generate inGome th an Puljllc be1t The charity trugtses have complied with their duty to have due regard to the guidanc? on public benefit published by the CDmmi$&ion in exercising thoir pcmers or duties and ¢onfim that all aGtivil18s are nducted for charitable purpose$ 10 rt8fil Ihe public.
MARX MEMORIAL UBRAAY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEklBER 2025 A¢hievement and performance Fundraising a¢tivitie8 The following extra information is supplied under seGtion 13 of the Charities IProteGtion and Social Investment) Act 2016 on MML'S fundraising w8clices and those acting on its behalfr. No professional fundraiser5 or commèrcial partwpators carad out any fvndralslng aclvlllés for MML. The chanty has not subscribed to anyfundra15ing Standards or scheme5. T[& ar8 no failurés by thè th8dty, or by any person 8ctiNJ on its b8h8lf, to comply with regu181ions for fundr818lng standards or schemes. Therefore, the charity has not Deeded to TnonitOT th¥ fundr¥i$ing ¢tivities of any person a¢ling on 11$ behalf and no complaints r8 racéiv8d by thÉ charty atout ndraising activty. Should the charity ever ernba on such public fundraising, it would do all it can to protect vulnerable people and other m6mbèrs of the public from behaviour which is an unreasonable Intrusion on a person's privacy, 15 unreasonably persistent, or places undue pressure on a person lo give mon8y. or other prop8rty. Flt)ancS81 revfj&w Ro¥erves policy It is the policy of the Gharily that unreslncied funds whi¢h have not been do$nated for a $pe(ifi¢ use 8hould bo meinlained al a level equivalent lo between Ihr9e and six mofjth's expenditure. The trustees consider Ihal reserves al this level wll ensure that, in the eveni of a Significant drop in funOin9. they will be 8ble to continue the ¢harity's current activities while consideration is given to wBys in which additional funds may be raised. This level of reserves has been maintailled throughout the year Golng Goncer The charity has rttain8d sufficient funds for lioJi¢iiy lo remwn a viable going ftK 202fj. The charty will continue lo monitor the situation and take addilionl steps a$ ne*$$ary lo mitigate llsk.
MARX MEMORIAL UBRARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Finan¢lal review MML 2025 Rèport ofwork.. Introdu¢t50n: Achiewng Archive Acoreditation In 2025 was a major milèstone for the MML and the product of many years of wotk. This prestigious recognluon confirms the Library's p0811ion as one of the country's most trusted and professionally run historical ar¢hivg5. The AGGreditaiion, awardtrd by the UK Archive SeNice Accreditstion Panel, re¢ognise$ Institutions that d8tnon$iraie Gllence ID governanc&, collections care, and u¥6r 8eMces. Work towardg this meant gwat strides In digitsi work, collections storage and managernent. The application for 6.7 million pound project io the Nabonal Heritage Lottery Fund w88 submitted. this meant a Considerab volume of work - dal8 gathering, Comparator as58$$ment. work ¥th ConguhBt and nelwork and artnership building which stands MML in got Stead fcK next slralegic steps in 2026. It Wa8 anoiher very busy yesr wilh highligh1$ in our Fwramme includin9 - Decolonising Education panel.. Red Fridays symp05ium launching our Genéral Strike programme.. Eleanor Marx leGre as part of Reds on the Green all of which saw our venue packe&oul a max1mum Gapacily. We had TÉ¢ord number al online events, shinin9 exarnple of ¥thic our str$sion on Tradès Councils wth over 70 logging In. New initstiives inGlu¢ed a partnership wlh Ihe University of the Creative Arts on ¥n assessment of ourvi8ual id8ntty. Ihs hosting of a series ol Conseprfation for Wellbeing workshops joint with Wa3rthrough and Ihe Conservation Trust and Cjur rirsi teacher training session with OCR exem board in Novembgr. 2025 81so Saw the cotnpl&tion of our Printworkers, C¢tn catalogue in lime ft>r thè 40th annlvarsary of the Wapping dispute in Janu8ry 2026. In parallel. a new collaborative doctoral project foGusing on Ihe Wappiny Post commenced wlh Katy Easthill at Brunel University jolntly superv188d by Mike Wayne. D8spik lemwrary pause lo onsite events for th& fit¥l qu8rter we $ust8Sned overdl sItor and en90geTnent numbers through 2025. Staff MML'S staff tsam - Director mo1¥ Jufflp. Office Manager Ralph Gibson and ArchivLqt & Volunteer Cooroinator Matt Dunne welcomed Suz2nne Sullivan in th8 P051 of Venue Hire Assistant to tneel increasing demand lor hire and professionalise delivery. Matt Dunne eontinued hi$ second rol* al MML a5 Project Arehi¥15t on the Printworkers. Collection on& day per week. Volunteers= Volunteers Gontinutr play an intt9ral part in th8 wtrrk of MML. - 563 days worked 10 new volunlBers 23 individual vdunteers. in addition to 4 placements Icty and Guilds Iworking off&tÈl. UCL Archwes and Records Management cours?8. Brvnel Univarsily PhDI Collectlons.. Actr$$ions'. Angela Jackson- Spanish Collection ac¢N81, popers of Frida Knlghl and P¥llènce Darton - K8te Clark- 3 boxes relating to Kale's tirne as Morning Star Mos¢rwi correspondent - J&nny Clegg- ac(xual to Arthur Cle99 CollecUon - Claire and Len Weiss- acctu81. on Co-operative movement - Joanna Bornat- papers from Leeds LJnivÈrsily CPGB, 1960s - Jim Jump- Spanish ColleGIK>n ac¢ru81. p8pers of Jimmy Jump Chrls Coates- papers of Stanley Foreman, filmmaker - Ann Craven- pèrsonal papers of Bert R8melson. moslly phot05 - Ann Field- a¢¢ru&ls to News Inlemalional Oispute Arthivè and Bill Freeman Collection Catalogued.. - Printworkers Collection- c.150 boxes in tolal - Dona Torr- funded project National Assembly of Women- ¢alalogued from previous box listing project Following collections found through audiling backlog IWW minute book- London branch 1917-1921 . Archibald Gorrie- colleclion of Soc181k81 League and anarchi51 malarial from late 19th cenluryl early 20th century - Kgnl CPGB Box lists erealed for-. - Paiience D8rton Collon
MARX MEMORIAL LIBRARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECÉMBER 202S Conclutsion 1. Overview Th8 financwl year ending 31 Dec4mb9r 2025 rellecl& a strong and stable wili¢n. &th a significant oparaling surplus driven by both r&curring incotne Streams and exceptional conlribulions. The orgènisalion has continued to sustsin Ils core educational. archival, and politirAI work while slrenglhenlng ils financlal base in a challtrnging econoTlliG dimal8. The greatest asset Of Ihe charity ar• its dedicated staff . professionalism of Iruslees mèmbars , voluntB&rs , afflllat8S, patrons and funding agencies who provide added ¥alu8 lo the iconic Instilution of Marx Memonal Library & Work8rs SGhoDI. - Total Income." £271,522 Total Exptndiiure.. £249.212 Operating Surplus.. £22.310 Budgeltd Position-.1£18,2681 defioyt - Variance.. +E40,578 against budget Key message.. ¢ Th& organisation has DuIp8rfomied exp8¢lalions, MO9 Irom a anned d8ficft lo a healthy surplus. 3. Income Performan¢e Total Incorne.. £271.522 (Budget. £234.9201 Income exceeded budgèt by £36,602, driven by.. Inve5trnenl In¢om8.' £82.051 Coniinues to be the sin9le18rgest and rno$l $table income stream Don3titsns.' £60.332 Indudes a one-off £40.000 ¢Jonation and associated Grft - Grants. £54,9 - Strong support from IingtON Counul and project funding - Subs¢Dpins IM8mbership. Affiliations. Patronsl". £28,895 Stsble and clo6e to tsrget Commercial Acliv111es (Hall hirè,18lllngsl'. £17,376 - Continuad rttovery and gro EdueAlion & Evtrnis." £9,749 - Growth in workshops and cours9$. particularfy in Q4 obse40". While rore income strearDs ¢main stabl6. the year8 parforman¢e was si9nificantly 8nhanced by exc8ptlon¥l donBtions and investmtrni rewms. huhlvJhling both 6trenglh and $iru¢tural rdian¢a. 4. ExpeDditure Performance To1 Ewen¢iture" E249.212 (Budget. £253.1881 Expenditure was £3.976 under budget. despite Inflatnary pressures. Key ro$t areas.. Stsffing.. £81.267 Largest co&1 c8nlre.' broadty in line budget Premis8s' £45.185.. Utilities rgtnain a major pre55ure1£18.5221 GranislProiects' £48,155 Aligned re¥trl¢ted funding - Admini$tr81ion.' £26,193 - Includes IT and office infrastructure Depreciation.. £9,996 Notsble Issue.. ExceptioDal on&)ff costs1£14.3121 linked to archive awreditaJon and infraslrurtura Smprovements". Digital aTchivs15yStems Storage. preservation m8tsri818 Equipment upgrade8
MARX MEMORIAL UBFiARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Observation.. Expenditure has been well contrdled. wilh overspends ln sema ar8a8 offs81 by sawNJs elsewhe. 5. Surplus and Fin8n¢i81 P0811ion - Oper¥tlng Surplu8.' £22.310 - Against 8 bud9eled deficll".1£18,2681 This refte¢ts.' Strong financial manag8mÈni - Successful inGome generation Careful control Of Éxpendllu 6. Resarvas and As5e15 Cash and Bank Balances IDe¢ 20251". - Cwp Current.. £67,884 - c0p Partnership." £53.477 Ljnity Trust.. £26.001 - Total Cash..-£147.000 Investments.. - CCLA DepDsII Fund.. £201,802 Investment Portfolio." £2.680.387 Key poinl.. Th& organisation ben8fi19 frgm substsntl81 l¢ng-ierm a¥$ets. whlch undtrrpln financial 51ability and generate ¢dtlcal incorne IE82k onnu8llyl- 7. Key Financi81 Th8rn8S Il. Strength of Invesimani Incomt Inv£stsnent returns remain es88ntial. contrlbutlng ovar 30% of total Income. 111. Impact of Exceptional Donations £40,000 IndivKlu¥l donation £10.000 Gift These are nOne¢um9 and should not b8 relied upon forfulure plannh)g. iiil. Stable Cor8 Income M&M[Ship, affiliations, 2nd grants remain ¢onsis18nt bul requir8 growth lo ofTsel risirE costs. iv). Risirw Operational Costs utilities and premises costs rem8in 8 structural pressure In¢re¥sed inv&slmenl in infrastructure and archives vrd5 nece55ary and slr8leg 8. Risks and Challenges - Dependence on Inve81mÈnt incom& Volatility of donations and legacies Inlationary pressure on utilitie5 and slaffin9 Reduced grant proj6¢1ions for20261£30,000 vs £56,240 in 2025 budget) 9. Outlook for 2026 Projected d8fi¢il.'1£17,1111 - Lower aXPgGted grant income - Continued cost pressures 10.straiÈgic priorilie5'. Strengthening sustainable Sncome streams Expandin9 mernbership, affiliaiions, patrons and supporter ba$& Incre?sing use of pMIS8$ and commercial merchandise income. Exploring funding OPPOrtunitias Gareful 51ewaidship of reserY8s and inveslm8nls 11. Conclusion The finanual posit al Ihg gnd of2025 is strong, 5tsWe. and resilignt.
MARX MEMORIAL LIBRARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Financial review - MML archive Neil Fernandez Collection - Andrfrw Rolhslein Collection Robin Page Arnot Collection Records Created on Soutron Books- 196 Archives- 260 Sèrials 34 Policy Development MML'S Irus18es approved the followin9 new policies in 2025 Digitsl Preservation Policy Environmental Sustainability Policy Ethical Fundraising Policy Edu¢atlon, A¢¢o$s & EngagAm•nt Re$earch= MML'S reading room accommodated 149 $11$ trom wearchers 8ccessing the collections - the highest number 51nce 2019. The learn responded lo 244 research enouiries frorn researcher8 from across Iha globe. wth many requesting digilised copies from the wlleclion5. Online courses.. mar$1 E¢onoml¢s for BegiDners111 Febl Marxism & History." Iniroduon9 Hisiorical Malerf81I$m110 March) Capitalism, Cri¥1$ & Impertallsm 121 Aprlll Trade Unions, Class & Pow8r13 Sapl An Introduclic>n lo MarAsm 11 Octi 47 43 25 Locturo¥, panels. film s¢reening$, ConrÈnee$ and 8ymp081a: Event Tasl8r Intro to Matx & Mawsm Sludent Fed ol India- Comm Manifesto Peel Centre exhibition openIg lal PÈd C8nlrel Reds on the GreeTh- Eleanor Marx Dewlonising Education MMLAGM What is History For7 May Day Open House Book sale VV8pping Dispute A L Morton Red Friday Sutnmer Party Open House Taster Intro to Marx & MaN8m Barts F8yre lal St Barts) an Bush Economy lecture TU & Trade Council Botsk sale Reds on the Green- Williatn Motris OCR Teathr Training UK pl¢ in crisis Reds on the Green- Chartism Engels Memorial Lecture (with WCMLI Xmas Party On91te Onllne 14Jan 21 Feb 25 Feb 6 IAar 27 Mar 26 Apr 26 Apr 1May 7Jun 23 Jun 26 Jun 17Jul 24 Jul 13Sep 17Sep 19Sep 20 S&p 90ci 160¢t 180rt 23 Oct 12Nov 13Nov 20 Nov 29 Nov 4Dec Totsl 20 28 nla SD 35 35 274 85 23 18 25 la 20 18 42 nla nl8 55 45 120 nla 10 21 nla 75 37 12 70 nla nle 30 nla 28 nla 60 1,139 26 435 S¢hool antl stud&ntworkshops Work$hop$ 10 Feb 11 Feb Uni Creative Art$. London Logic 60 15
MARX MEMORIAL LIBRARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 202S Flnancial revléw 11 Mar 12 Mar 20 Mar 25 Jun 2Jul 1£ Jul 718 Ocl 100ct 28 Oct 11 Nov 18Nov 24 Nov To Woking College City & Guilds Dartbrd Gramrnar Ellham College Hampslead School Sir Joseph William50n's Malhem8b(al School RMT Young Members Cheadle Hulm8 School King's College USP Cdlege King's Cgllege GMB Woman 14 21 20 28 10 20 30 287 Speclal vl$ltsltouts'. In additson to 40 of our r8gular public tours and a steady flow of 'drop in. 9envd. MML wdwmod the l01lowin9 groups for spèci* visi15, frequently combined with be$poke archive displ¥ys'. Special Vl$lts& Instltutlonal tour5 22 Jan 30 J¥n 12Feb 14 Feb 18Feb 3Apr 29 Apr 8May 16 Jun 17Jun 30 Jul 13Aug 20 Aug 8Stp 21 0¢1 Chinese student gri)up Cuban Ambassador Cuban Amb & MP City Lil Fidel Castro C8nlre Wiener Library IslingÈon Society 20 pcs ASLEF ucu FBU Cuban Embassy Shangh81 University Jan Burge Banner Ps8Thtst Clty Archi315 Hochschule fur Bildende Kun8te- siadelschule Frnnkfurt am Main, Germany Acad8my ol Jouinalism and Cornmuni¢atson IAJCI. H8noi 14 26 Nov 12 9Dec Totsl 51 Open D¥ys.' The MML ho$led ils annual May Day open day %vith Eddie Demp88y, RMT Gèneral sretary. as gu851 spèaker in addition lo partlCiP8ting in Open House and hosting two Book Sal&s. HE Ismara Vargas Waller, Ambassador of Cuba to the United Kingdom and Dr Ashok Dhawal National Presidenl, Ml India K1$9n Sabha IAIKSI I1 India F8rrners' Union). Momber. Polit Bureau. CPIIMI. gave the annual KaA MarA Oration al Highgate. Stall$= MML was repre5eni8d at Tolpuddle, the Durh¥m Minefs Gala. the unNaty of London's History Day. Archives CDmmunity Gonf8r8nce Us6r and visitor 8tatis¢ics UseT category Research enouiri&s Readers CasuÉl drop-in vig10 Regular tours Special visiislpaid group tours and piivate 2025 244 149 207 370 51 2024 285 144 205 300 210 Onsite 8vénls Workghops Open days Book sales 585 Iln¢l otrChI 347 394 160 362 318 371 131 178121
MARX MEMORIAL LIBRARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Flnanclal r•view Oulreachcommunity ED9agem8nl leg ROTG & Wlnler Warrners. Soci81 & Off-site 8v8nlsl Online Courses Online Eyenls 521 1211 147 1,097 3,751 225171 785 3,904 Projects National Lottery HeThago Fund Proho¢t'. 2025 rneanl complèiino an appli(llon lo NLHF f this propD$ed project. This meant ext6n$iv8 fact rinding. research 8nd planning work including Inlerpretalion pl8n Architecturol and Quantity Surveyor work on coslings." consultslSon with Islinglon Planning - Fundraising feasibility,. incorporated launch of a bgqu¢sl schemé - 8usiness planning., induding anlicipaled w81s in new build and how covtrr an anticipB18d increase in footfall - NÈW partnership5 and Support Including from London Museurn and Hlghgate Cemetery. for example. Regretfully this appllcalion was detlined at the end of thtr year. but wlh a ckar message of encouragement frrjm tt18 fundw on a new more modest or phased approach which wll be the focus ofworf( in 2026. As50Glatlon for Independ8nt Mu¥eums'. Ra¢iGal Cl8rkenwell Reinterpfeled Project corn81£d and Ihè exhibitn wènt on tour through Ihree of Islinglon's community cenlrès. cementing these Imwrtanl local relalionshlps. Don¥ Torr The cataloguing work completed by temporary Arthiw8 Assistant CarSna Nncel and new volume duè in $arty 2026 fr¢m Professor Mary DaviB'Dona Torr.. Histori¢al Materialism and the Communist Party Historians Group,. Digll¥l Preservatio MML'S op$ralions ben8filtad from the National Archive's Digital Preseryation P88r M8ntorship Programme., thi5 rneanl the d$veloprn&nt of policies and pr0cw1uS and Inve6tsnèni In an archlva drfve and contract to Tniti9at& risk and lay tha groundwork for Ihg development of MML'S digitsl collections. Ad Matthews Sponi5h Digltlsation Subsianiive worf< was undertaken.. Iht scoping the collection was compleled with two cclleGlion assessment officers worf(ing onsi18 through the summgr. The editorial board met., layng the groundwork for a succe¥$ful project now due for Contre for Ptroplgs, Justice a member of Ihe found8tion81 alliance. MML contributed to thls new interdtsciplinary project on training usir¥J Gollecllons as a lèns to better undèrstand 50Gi& justic8, and as co-cur8lof of Candour and Communities exhibition. Theory & Struggle Theory & Slruggle120251 was published vAlh Praxi$ P$$ and inclJd8d a piece on the significanc8 of Red Friday 100 years by Roger Seifertr, refieclions from Jonny Clegg on China's evolving socialist d8mocracy and Summaries of two key round table discussions 81 MML. ontr ty)'Combaling the PrTrWr n8rrglive' and another on TradB Union Strate9183 in pt-TOry Britain,. Our r8gular column in the Morning siar'Full Marf, continued wlh pieces on 'Can History b8 N8Utral? and 'What Is Superexploitslion?, It conlinues lo be one of thÈ most accessed p898s on the MML website and i¥ fqenY referred lo by stud8n18 on ouronline courses. SL¢bscrlptlons MML membetship continues lo hover just under the 800 mark at 762. W& wdcomtsd two new patrons in 2025. and two new national affiliates. Bulldlng. admlnlstr3tion & commerclal Exlernelly. repairs were carried ¢ul lo the norUI gully of the main pilch8d roof followin9 tninor water in9re$¥ during oxceplionally heavy rainfall Distorted and cracked l&adwork was ternporarily stabilised using speoali51 m81allicfvilumen adhesive materia15 and proteclive ffjtings. D8ma98d slalfys were also repaired. Preparatory wotks wera also und8rtakon to the $oulh elevBlion, Including fillin9 3nd surface prepar¥lion to the Inth. masonry and woodwork. pos51ioning the building forfull external r8decor8tion oncè fundlng allosv5.
MAIiX MEMORIAL U8RARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Financial iÈvièw In the Bernal Room. damaged plaster and painlwork were retnovgd and r8n8wed. sholn9 was repaired and s8cured, and new Ireale¢ shelving inst811ed to approved archival standards. In th6 Klugmann and Printers. Rooms, rther pLgsler repairs and reinstateTnent WOTks were Colnpleted followng damprelated dèterioratlon. In the bas8m8ni. d8fecliv8 tsnking w8s Identified and r8paired folloryg water ingress linked lo an hislvric coalhole external pgvement work5. Specialist t8nking slurry ha8 restored walertighlne88. Shelwng was also raised lo improv8 fiood resilien¢e and support Archive Accreditation 8tand8rds. Extractor fans were installed in both toilets lo itnprove ventilation. Red Molotov mer¢h8ndise is now live on ourwebsite.
MARX MEMORIAL LIBRARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 However. the surplus achieved this year Is partly ¢ue to ex¢epiion¥l and non-recJrrin9 factors. Th8 Unde[rt9 challewe remains the need to build rèliable, recurring in¢cNn& slrtams 10 Support the organisation's lony-term rni55ion. Thg investrngnts this year-parbculaHy in archive infraslruclurg-are not vnly ngcessary but wsition tho organisatn for long-18m SuStaina.111y, growth, and accraditalion succas8. The Treasurer thank8 Staff, Iruste8s, patrons, members, affiliates, Local Authority, funder5 and supporter5 for their continued comtnitment and contribution. 8tructure, governance and management Governing document The charity is controlled by ils govetning document, a deed of t51 and ¢OnSlitules an unincorporated charity. Organlsauonal siructur AJI deB4sions are made through the Gèneral Ctrmmittetr, VA)ch Is th& sovéréign body of MML and which around 6 times par ytrar. The G8n8ral Committee 8Cl8 a Chair. Vice£hair. Secretary and Treasuref at the first meeting hdd after tha AGM and may choosé 10 apwint sucOm1ttees from amongst its ranks and others. The General Comrnittee may G(Fopl any Library tll8mberto fill a vaGanGy ari*ng the year. GTr opted Tru$lees are selected lo represent a broad mix of skills and Interests. The Tru$lae$ at 31 Da¢&mbor 2025 wara. Harsev BainE," Richard Clarke, Mary Davi6, Juhn Foster". Njex Gordon." Rulh Ha$". Lord John Hendy, M8rida KuhDn". Helen Lindsay.. Marjorie Mayo.. Bruni de la Moite.. Jim Mowatt,. Simon Renton.. Jane Rosen,. Claudia Webbe and Jonathan White. Refer8nce and 8dmlnl8tratlv8 dotalls R•glstèrod Charfty numbor 270309 Principal address 37A Clerkenwell Green London EC1R ODU 10 12
MARX MEMORIAL LIBRARY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 202S Tru$tee$ A Gordon C Coale$ Iresigr*d 115120251 S G Renlan A Shaikh Ir•signed 115120251 R Hay8s J White R Clarke Cweb H Bains 8 de la Motte J A Ros8n J Mow8lt J Hendy KC M G D8V19 J Foster M M8yO H Lindsay lappoinled 115120251 M Kohon laDpolni8d 115120251 The 16 Trustees ar8 full memb£ts of the ¢ommitteo. or board of m&n8gemenl, krnwn as the General Cornmitbe IGCI. Metnbers of the Gen6ral Committe8 serve for a four-year tertn of offi, with a quarter of th& committee retiring every year. Tht retiring mernbfrrs may apply for eleCtiOn. The electi 1$ open lo tha membership in an annual ballol. whlch takes place al the AGM. Contracts wlth Trustetrs No Iwste8s receive remunaraliw for seNices to MML gs employees and thè General CornmitteÈ is committed lo obseNing all gUIdar from tha Charty Commission in this respe¢t. The w8re no other contracts or agreernents subsiding durlng or * th8 year end of th8 flnancial period in which Tru8tee of the Charily is. or was, m8terially interested and which is. or vlas. signnlGant in relation to the business of th8 Charity. Indèpendènt Examlnèr Slurgess Hutchinson Chgrtered Cfrrtslied Accountsnts 21 Newwalk Leister LE1 6TE Approve¢ by order of the board of trustees on nd signed on it8 b&hJf by. H Balns- Trustee 13
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MAIiX MEMORIAL LIBRARY Independent examIntrS report to thè trustge5 Of Marx Mernovial LSbrary I rewrtto the charity Irusi888 on my examination ol thè a¢counts of Marx Memorial Library Ithe Trustl forthe year endad 31 December2025. R8sponsibilitl8s and basis of report As the d)ariiy trustees of the Trust you are respJnsible for the preparatson of Ihe accounts in accordance vmth the requiremenis of the Ch2ri1I8s Act 2011 1'th8 Acfl. I repDrt in respect of rny examination of the Trust's accounts carried out under Sethion 145 of the Act and in Garrying out my examination I have followed 811 applicable Directions given by thè Chanty CoTntnis$ion under Section 14515llbl of Ihe Act. IndÈpend8nt examine8 8tatomgnt Since your charity'$ gros5 Incom8 8XC8eded £250.OW ywr 8xarniner musl be a member of a li8ted body. l Gan confirtn Ihal l am qualified to undertake thÈ examination because l am a member of the Institute of Chart8r8d Accountants In England and Wales. 1¢h is ontr of the listed bodles. I have completed rny examination. I confirm that no material rnatters hav8 1X)mè to my attention in connection th the •Kamination 9iwn9 me cau6 10 believe that in any material respect. a¢¢ouniiDg records wert not kept in spect of the Trust as raquired by Sectlon 130 of the A¢l." or the accounts do not accord those records". or the a¢¢ounts do not coThply with the applicable Nulremellls concerning the form and nIent of a¢¢oJnts $et out in the Charib8S (Accounts ¥nd Report81 Regul8lions 2008 other than any réquirement thai the accounts givo a true and fair wew which is not a matter considtred as part ol an independonl ex¥rnination. I have no cOnrnS and have come aGfo8s no other m¥tterg in conn&ction with the trxaminalion to vthth allentiori should be drawn in Ihls report in ordtr lo enable a proper understandlng of the acu)unts to be reached. Damd GoDdv¥in FCA Stur9ess HutGhinson Ch8rt8red Cafled Accountants 21 New Walk Leicester LE1 6TE D8te'. 14
MARX MEMORIAL LIBRARY STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 Total funds 2024 Total funds UnrestrCt8d funds Resthcted funds Noies Incom• and endowmgnts froffl Donations and legaues 176,348 79.030 255.378 113,903 ¢haritabl6 actlvlties Educational service8 10,743 10.743 9.281 Other trading actiwties Investment income Other income 40,971 82,051 2.460 40,971 82.051 2,480 40,133 80.399 1,794 Total 312,573 79,030 391,603 245.510 Expenditure on Raising fund$ 6.355 6,448 Charltable adivitle$ Educational services 195.652 48,155 243.807 258.451 Other 116.533 116.533 194,0381 Total 318.$40 48.155 366.69S 170,861 NET INCOMEIIEXPENDITUREI 15,9671 30.875 24,908 74,649 Reconclllation of funds Total funds brought forward 3.142,921 19.393 3,162.314 3,087.665 Total fund8 Carr1 forw¥rd 3.136,954 50.268 3.187.222 3.162.314 rrfmes form port of these financAal stat¢menl8 15
MARX IAEMORIAL UBFIARY BALANCE SHEET 31 DECEMBER 2025 2025 Total fvnds 2024 Total funds Unr8slriclY funds R8Sldcled funds Nots$ Fixed assets Tangible assets Heritag8 a8881s Investments 21,560 129,629 2,893.262 21,560 129,629 2.893,262 24,167 129,6 2.915,795 3,044,451 3,044.451 3,069.591 rrent as¥019 Debtors Cash al bank 13,690 96,909 13.8 147,573 17.423 144,799 110.599 50.664 161.263 162,222 Credltors Amounts folling du& vAlhln one ytar 118.01 13961 118.4921 169.4991 Net ¢urrent assets 92,503 50,268 142.771 92.723 Total a810ts less Gurrent IlabilltlÈs 3,136,954 50.2e8 3,187.222 3,162,314 NET ASSETS 3,136,954 50.268 3.187.222 3.162.314 Funds Unrestrictèd funds RestriGtsd funds 3,136,954 50,268 3,142,921 19.393 Total funds 3.187,222 3.162,314 Tr* fi ncial staternents were approveil by the Board of Trustees and authorls8d for i$$u8 and were signed on its behalf by.. on H B&ins- Trustee The note8 form part of these finartlal stslernents 14 16
MARX MEMORIAL LIBRARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles Ba81s of praparlng tho flt)anclal 8tatom8nts Th8 Inancial statamants of the chgrity. vthich 15 8 public benefit etity under FRS 102, have been prèparèd in accordance with e Charities SORP IFRS 1021 'Accounting and Reporknng by Charities". Stattmtnt of R8comm8nd8d Practice appll¢abl& to charilies preparing their accounts in accordan wlh the Financial Reporting Standard applicable in thé UK 8nd RepJbli¢ ol Ireland IFRS 1021 lefle¢live 1 J2nuary 20191,. Financial Rèporting standard 102 The Finanual Reporting Stsndard applicable in the UK and Republic of Ireland, and the Ch8ri1ies Act 2011. The financi81 statements h8ve been preparéd under the hltstorical c08t convention, vAlh th8 exception olinvesimènls whlch ar8 induded al market value. Th8 charity has iaKen 8avant8ge of the followlng d15dosure exemption in prepanng Ih8se finanual st&ternent8, as permitLèd by FRS 102 The Financial Reportsw Standard aPicable in the UK and Republic of Ireland,: Ihe requirements of Section 7 Slalement of Cash Rows. Income l incomè is recognised In the Sta18ment of Financia Activities once the charity h3s entidemeni 10 thè funds, it is prob8ble Ih8t the income will bg r1¥•d and Ihe amount can bè mea$ur8d rdiably. Expenditurè Liabilities are recognised as expenditurè as soon as there 1$ 8 leg81 or constructive obligotion Committing the charity lo that expenditure. it is Probab that a Iransfor of e¢on¢mie benefits 111 be required in SettMent and Ihe amounl ol the obligation can be measured reliably. Expondilure 1$ 8¢¢ounted for on an accr315 basis and has been classified under headings that ag9wale all cost related lo the category. Where costs unnot be directly allribuied lo particu18r hÈading5 they have been allocated to a¢livilie$ on a basis conslslenl th the use of resources. Tan9lblo flxed assets Depreciation 15 provided ai the following annual rates in ordgr to vKita off each a65et OV8r its 8Stimated usefu Taxation The charity is exempt frorll lax on its ¢haritsNe a¢livibe$. Fund accounting Unrestrled funds Can be used in accordance with the ¢harltsble objectives al the discretion of the trustees. Rostricted funds can only be used for p8tticular restricted purposes 1th1n Iht ubjE¢ts of the d)arfty. Restri1¢D$ arlse when specifie(I bythe donor or when funds aré raised for rIl¢v1¥r restricted purposes. Furtrberexplanation of the nature and purpose of each fund is included In the notes to the fin8n¢ial st•tements. Othertrading aGtiv¥tie 2025 2024 Non-charilable Iradino aclivilie8 40.971 40.133 Investfflent infjome 2025 2024 Intrent Income 82,051 80.399
MARX MEMORIAL LIBRARY NOTES TO THE FINANCIAL STATEMENTS- Gontinued FOR THE YEAR ENDED 31 DECEMBER 2Q25 Trustees. rernun8ratlon and benefits There ww& no trustetr$' remuneration or other b8nefils for the year gndBd 31 De¢emb8r 2025 nor for the year ended 31 December 2024. Tru5tBets' 0XnSeS There were no trustees, exgen$es pa for the ygar and8d 31 December 2025 nor for the year ended 31 Decèmber 2024. Comparatives for the stat•ment th financlal activities Unrestricted funLIs Restricted funds Total funds Incom9 and ondowments from D¢nation5 and lega¢ies 44.498 69.405 113.4)3 Charttable a¢tlvitlgs EduCatn81 servlces 9,281 9,281 Other trading a¢llMtse5 Investment in¢ome Other inGome 40.133 80.399 1.794 40,133 80.399 1.794 Total 176,105 89,405 245.510 Exp8ndltur• on Raisin9 funds 6,448 6,448 eharitablè a¢tlvltles Education815eMces 196.740 61.711 258.451 Other 194.0381 194.0381 Total 109.150 61,711 170,861 NET INCCAIE 66.955 7.694 74,649 Reconciliation olfund$ T0181 funds brought forward 3.075,966 11,699 3.087.865 Total fund$ carrled foward 3,142.921 19,393 3.162,314 18
MARX MEMORIAL LIBRARY NOTES TO THE FINANCIAL STATEMENTS. corbtinued FOR THE YEAR ENDED 31 DECEIABER 2025 Tanylbl8 fixed a88Ot8 Improvements Offic8 equipmant propèrty Tota18 At 1 J8nuary 2025 Addition8 362,775 92,353 7.390 455,128 7.390 Al 31 Derember 2025 362,775 99.743 462,518 Deprecthtio Al 1 January 2025 Charge for ye8r 348,223 4,956 82,738 5,041 430,961 9.997 Al 31 DeCnbr 2025 353.179 87.779 440,958 Net book value At 31 Do¢ember 2025 9.5g6 11.964 21.560 At 31 December2024 14.552 9,615 24.167 The Library. Land and Buildings are hal¢ on a 51 year le85e which terminate5 in 2047. and are uillmalely ownèd by Marx House Limit&d. a company incorporated in the UK. Each party buys d)eir own in5uranc8, ML as landlortl lo Govèr the super81mclure of Marx HDuse, MML a¥ ten8nt lo Cover the contents. MK¢L hgs agre to pay MHL'S snsuran¢e cost and for all Olher imwsilions charged to MHL in addition to the notional rent of £5 per y8*r. MHL lo issue inwoi¢es for each Charge. That 18. one in December for £5 rent and £145 for Incidental cosi8,' one ¥boul Mgrch or April for Iht £600 audit fè& vari9bie.' and one in Novèmber for th8 txjilding Insurance pmIuM, £3817.65 (Nov 20241 varlable. Heritag6 assets Total Market value At 1 January 2025 Bnd 31 Decernb8r 2025 129.629 Nat book valuè Al 31 DeGembar 2025 129,829 Al 31 Decernbtrr 2024 129.629 Fixed asset investments Listed investments Market value Al ) J8nuary 2025 Addition8 3.597,282 94.000 At 31 De¢emb8r 2025 3.691.282 Provlslons At 1 January 2025 ProvlsSon foi year 681,487 116,533 At 31 December 2025 798.020 Net book value At 31 De¢emb8r2025 2,893.262 At 31 December2024 2.915.795 Therè w8r8 no invoStm8nl gs5ets outsidg the UK. 17 19
MARX MEMORIAL LIBRARY NOTES TO YHE FINANCIAL STATEMENTS. continuod FOR THE YEAR ENDED 31 DECEMBER 2025 Debtorg: arnol1r talllng wlthin on8 y•ar 2025 2024 Trade debtor5 Prepayments grid atuuod incotna 627 13.063 6.241 11,182 13,690 17,423 Creditors.. amounts falling due wlthln ono yoar 2025 2024 Trade creditors Taxation and s¢Kial security Other Greditors 12.311 55 6.126 2.126 22 67,351 18.492 69.499 Movomènt in fut)ds Ngt movement in funds At 31.12.25 At1.1.25 Llnrestricted fund8 Genefftl fund Revaluation Resefve 2,37e,463 766.458 110.566 1116.5331 2.487,029 649.925 3.142.921 15.9671 3.136.954 Restricttd lunds Printers Collection CatsLogulng Project 181inglon Council CIL Support Assoclalion lor Indep8ndenl Museums Textile preservation Isllnlon Council CIL EvalUatn t)onna TorrArchive 7,213 6,680 15,8751 34,051 1,946 12,1841 13961 3.333 1.338 40.731 1,929 2.184 13961 6.666 3.333 19,393 30.875 50,268 TOTAL FUNDS 3.162.314 24.908 2,187.222 N&t movement in funds, inGludad in the above artr a8 folbws.. Incorning rosources ReSoUe5 expended Movement in funds unre51¢19d funds General fund Revaluation Reserve 312,573 1202.0071 1118,5331 110,568 1116,5331 312,573 1318,5401 15.9671 R8stricted funds Prlnl$r$ Collection C¥taloguirvJ Project Islin9iw Council CIL Support AsscKialion for Indepen(18nl Museums Textile pre8eYv8tion IslinloD Council CIL EVatIoN Donna TorrArchivè 15.8751 125.9491 15.6751 34.051 1.946 12.1841 13961 3,333 60,000 1.946 100 11.984 5.000 12,2841 12,3801 11.6671 79,030 148,1551 30,875 TOTAL FUNDS 391.603 1366,6951 24.908 20
MARX MEMORIAL LIBRARY NOTES TO THE FINANCIAL 8TATEMENT5- continued FOR THE YEAR EWDED 31 DECEMBER 2025 11. Alovemont In fvnd$- continuèd Comparatives for movèment In funds Net movomont In ftJndB At 31.12.24 At1.1.24 Unr•strlcted funds General fund Revalual'on ReSee 2.403.546 fj72,420 127,0831 94,038 2.376,463 766,458 3,075,966 66,955 3.142,921 Restricted funds Naonal Lottery Hpntsge Fund Newspapèr BOng Project Ptinters Collection Catsloguing Project Islinglon Coun¢S1 CIL Support $ocialion lor Independent Museums Texule presètvalion Donna TorrAr¢hive 18661 6,065 6.500 16,0fj51 713 6.680 7,213 6,680 2.184 3,333 2.184 3.333 11.699 7,694 19.393 TOTAL FUNDS 3,087,665 74,649 3.162.314 C4)mparative ntrt movement in fvnds, included in the abové are as follows.. Ineoming resour¢8S Rewurces expended Movèm&nl in funds Llnr•stTithd funds General fund Revaluation Re$grvo 176.105 1203,1881 94.038 127,0831 94.038 176,105 1109,1501 6.955 Rèstrlctod fvnd$ National Lottery H&rilage Fund Newspaper Btsxing Project Prlnlers Collection CaialoguirKJ Project lslingion Counal CIL Support Association for Independent Museums Textil& pr8seNalion Islinlon CounrAI CIL Evaluatson Islingion LIF Signage Donna Torr Archive 11,159 11,0541 6,500 30,000 110.2931 16.0651 713 6,680 15,7871 123,3201 2.204 2,046 2.446 5,000 1201 12.0461 12.4461 11.6671 2.184 3,333 69.405 7.694 TOTAL FUNDS 245.510 1170.8611 74.649 19 21
MARX MEMORIAL LIBRARY NOTES TQ THE FINANCIAL STATEMENTS_ contlnugd FOR THE YEAR ENDED 31 DECEMBER 2025 12. Relat¥d dIScI05U10¥ Th8ra were no rdatsd party transactions for the year ended 31 December 2025. 20 22
PIARX MEMORIAL LIBRARY DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Incoffle and endowments Donations and 1gga¢ia$ Donations Grft aid 245,878 10,000 113.903 255,378 113,903 Other trnding activities Non-charitable trading aclwities 40,971 40,133 Inv8$tm•nt in¢om• Investment income 82,051 80.399 Charltable ¥¢tlvltlg5 Educational services 10,743 9,281 other In¢ome Olher in¢ome 2.460 1,794 Total incoming resources 391,603 245.510 Expendlturo Raising donations and leyaeles Sundries 6.355 6.448 Charltable actlvltlo8 Stsff costs Library nJnniDg co$ts Depreciation of tan9ible fixed assets 126,743 98,076 6,365 112.123 123.899 11.321 231,184 247,143 Other Change in valuation ¢f investments 116.533 194.0381 Support COSts Govornan¢o ¢o$t Audito. remuneration Accountancy and legal fees Bank charg8S 3.212 9,267 144 3.100 8.092 116 12,623 11.308 Total resources expended 366,695 170.861 Not In¢om 24,908 74.649 This page does not form part of th8 Stalulory financial statements 21 23