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 I￿land 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 beli*va th8t'.
- MML provldes a unique space for the study of our ri¢h and radical la￿ul tnovem8nl heritage and the ptrw&rful stimulus
provided by Marxist thinking
MML prowd8s the résourc8s necessary for the provision of eduCat￿n 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 Cru￿￿1 to its future success as we seok to raise its profile. gener¥le incame. keep uptTr SPtr8d
th the lalesl d9velopmtrnls In ￿8￿St 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 r￿sIted 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 be￿￿1t
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 car￿ad 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 $pe(ifi¢ use 8hould bo
meinlained al a level equivalent lo between Ihr9e and six mofjth's expenditure. The trustees consider Ihal reserves al
this level wll ensure that, in the eveni of a Significant drop in funOin9. they will be 8ble to continue the ¢harity's current
activities while consideration is given to wBys in which additional funds may be raised. This level of reserves has been
maintailled throughout the year
Golng Goncer
The charity has rttain8d sufficient funds for lioJi¢iiy lo remwn a viable going ftK 202fj. The charty will continue
lo monitor the situation and take addilion*l steps a$ 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 ￿G￿llence 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$$ment. work ¥￿th ConguhB￿t and nelwork and
artnership building which stands MML in got￿ Stead fcK next slralegic steps in 2026.
It Wa8 anoiher very busy yesr wilh highligh1$ in our Fwramme includin9 - Decolonising Education panel.. Red Fridays
symp05ium launching our Genéral Strike programme.. Eleanor Marx leG￿re as part of Reds on the Green all of which
saw our venue packe&oul a max1mum Gapacily. We had TÉ¢ord number al online events, shinin9 exarnple of ¥thic
our str$sion on Tradès Councils wth over 70 logging In.
New initstiives inGlu¢ed a partnership wlh Ihe University of the Creative Arts on ¥n assessment of ourvi8ual id8ntty. Ihs
hosting of a series ol Conseprfation for Wellbeing workshops joint with Wa3rthrough and Ihe Conservation Trust and Cjur
rirsi teacher training session with OCR exem board in Novembgr.
2025 81so Saw the cotnpl&tion of our Printworkers, C￿￿¢t￿n catalogue in lime ft>r thè 40th annlvarsary of the Wapping
dispute in Janu8ry 2026. In parallel. a new collaborative doctoral project foGusing on Ihe Wappiny Post commenced wlh
Katy Easthill at Brunel University jolntly superv188d by Mike Wayne.
D8spik lemwrary pause lo onsite events for th& fit¥l qu8rter we $ust8Sned overdl ￿sItor and en90geTnent numbers
through 2025.
Staff
MML'S staff tsam - Director mo1￿¥￿ Jufflp. Office Manager Ralph Gibson and ArchivLqt & Volunteer Cooroinator Matt
Dunne welcomed Suz2nne Sullivan in th8 P051 of Venue Hire Assistant to tneel increasing demand lor hire and
professionalise delivery. Matt Dunne eontinued hi$ second rol* al MML a5 Project Arehi¥15t on the Printworkers.
Collection on& day per week.
Volunteers=
Volunteers Gontinutr ￿ play an intt9ral part in th8 wtrrk of MML.
- 563 days worked
10 new volunlBers
23 individual vdunteers. in addition to 4 placements Icty and Guilds Iworking off&tÈl. UCL Archwes and Records
Management cours?8. Brvnel Univarsily PhDI
Collectlons..
Actr$$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 Coll￿￿on

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, MO￿￿9 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 $table income stream
Don3titsns.' £60.332
Indudes a one-off £40.000 ¢Jonation and associated Grft
- Grants. £54,9
- Strong support from I￿ingtON Counul and project funding
- Subs¢Dpi￿ns IM8mbership. Affiliations. Patronsl". £28,895
Stsble and clo6e to tsrget
Commercial Acliv111es (Hall hirè,18lllngsl'. £17,376
- Continuad rttovery and gro
EdueAlion & Evtrnis." £9,749
- Growth in workshops and cours9$. particularfy in Q4
obse￿4￿0￿".
While rore income strearDs ¢main stabl6. the year8 parforman¢e was si9nificantly 8nhanced by exc8ptlon¥l donBtions
and investmtrni rewms. huhlvJhling both 6trenglh and $iru¢tural rdian¢a.
4. ExpeDditure Performance
To￿1 Ewen¢iture" E249.212 (Budget. £253.1881
Expenditure was £3.976 under budget. despite Inflat￿nary pressures.
Key ro$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
- c￿0p 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¥$ets. whlch undtrrpln financial 51ability and generate ¢dtlcal
incorne IE82k onnu8llyl-
7. Key Financi81 Th8rn8S
Il. Strength of Invesimani Incomt
Inv£stsnent returns remain es88ntial. contrlbutlng ovar 30% of total Income.
111. Impact of Exceptional Donations
£40,000 IndivKlu¥l donation
£10.000 Gift
These are nOn￿e¢um￿9 and should not b8 relied upon forfulure plannh)g.
iiil. Stable Cor8 Income
M&M￿[Ship, affiliations, 2nd grants remain ¢onsis18nt bul requir8 growth lo ofTsel risirE costs.
iv). Risirw Operational Costs
utilities and premises costs rem8in 8 structural pressure
In¢re¥sed inv&slmenl in infrastructure and archives vrd5 nece55ary and slr8leg
8. Risks and Challenges
- Dependence on Inve81mÈnt incom&
Volatility of donations and legacies
Inlationary pressure on utilitie5 and slaffin9
Reduced grant proj6¢1ions for20261£30,000 vs £56,240 in 2025 budget)
9. Outlook for 2026
Projected d8fi¢il.'1£17,1111
- Lower aXPgGted grant income
- Continued cost pressures
10.straiÈgic priorilie5'.
Strengthening sustainable Sncome streams
Expandin9 mernbership, affiliaiions, patrons and supporter ba$&
Incre?sing use of p￿MIS8$ 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$, Con￿rÈnee$ and 8ymp081a:
Event
Tasl8r Intro to Matx & Mawsm
Sludent Fed ol India- Comm Manifesto
Peel Centre exhibition openI￿g 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$lts&
Instltutlonal tour5
22 Jan
30 J¥n
12Feb
14 Feb
18Feb
3Apr
29 Apr
8May
16 Jun
17Jun
30 Jul
13Aug
20 Aug
8Stp
21 0¢1
Chinese student gri)up
Cuban Ambassador
Cuban Amb & MP
City Lil
Fidel Castro C8nlre
Wiener Library
IslingÈon Society
20
pcs
ASLEF
ucu
FBU
Cuban Embassy
Shangh81 University
Jan Burge Banner P￿s8Thtst
Clty Archi￿315
Hochschule fur Bildende Kun8te-
siadelschule Frnnkfurt am Main, Germany
Acad8my ol Jouinalism and Cornmuni¢atson
IAJCI. H8noi
14
26 Nov
12
9Dec
Totsl
51
Open D¥ys.'
The MML ho$led ils annual May Day open day %vith Eddie Demp88y, RMT Gèneral s￿retary. 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$9n Sabha IAIKSI I￿1 India F8rrners' Union). Momber. Polit Bureau. CPIIMI. gave the annual KaA MarA Oration
al Highgate.
Stall$=
MML was repre5eni8d at Tolpuddle, the Durh¥m Minefs Gala. the unNa￿ty 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 o￿tr￿ChI
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 corn￿81£d and Ihè exhibit￿n 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$veloprn&nt of policies and pr0cw1u￿S and Inve6tsnèni In an archlva drfve and contract to Tniti9at& risk and lay tha
groundwork for Ihg development of MML'S digitsl collections.
Ad￿ Matthews Sponi5h Digltlsation
Subsianiive worf< was undertaken.. Iht scoping the collection was compleled with two cclleGlion assessment officers
worf(ing onsi18 through the summgr. The editorial board met., layng the groundwork for a succe¥$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 PrTrW*r n8rrglive' and another on TradB Union Strate9183
in p￿t-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¥ f￿q￿en￿Y 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. shol￿n9 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 follo￿ry￿g 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 organisat￿n
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 t￿51 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 8￿Cl8 a Chair. Vice£hair. Secretary and Treasuref at the first meeting hdd after tha AGM and
may choosé 10 apwint su￿cOm￿1ttees 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
Lei￿ster
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 examIntr￿S 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$ion under Section 14515llbl of
Ihe Act.
IndÈpend8nt examine￿8 8tatomgnt
Since your charity'$ 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 cau*6 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 cOn￿rnS 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 Ca￿fled 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
Unr8slricl*Y
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
118.0*1
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 e￿tity 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 aP￿icable 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 r￿1¥•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 Sett￿Ment and
Ihe amounl ol the obligation can be measured reliably. Expondilure 1$ 8¢¢ounted for on an accr￿315 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$.
Fund accounting
Unrestrl￿ed funds Can be used in accordance with the ¢harltsble objectives al the discretion of the trustees.
Rostricted funds can only be used for p8tticular restricted purposes ￿1th1n Iht ubjE¢ts of the d)arfty. Restri￿1¢D$
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
In￿￿tr￿ent 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$' remuneration or other b8nefils for the year gndBd 31 De¢emb8r 2025 nor for the year
ended 31 December 2024.
Tru5tBets' 0X￿nSeS
There were no trustees, exgen$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
EduCat￿n81 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 DeC￿nb￿r 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, M￿L 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
p￿mIuM, £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 EvalUat￿n
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
ReSoU￿e5
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 EV￿￿atIoN
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 ReSe￿e
2.403.546
fj72,420
127,0831
94,038
2.376,463
766,458
3,075,966
66,955
3.142,921
Restricted funds
Na￿onal Lottery Hpntsge Fund
Newspapèr BO￿ng 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