REGisfERED CHARITY NUMBER: 28201S Report of the Trust¢cs Unludlted Flnanthl Statements for the Yexr E•ded 31 Detembtr 2021 for Dulgner Bookblnders Bullimores LLP Chaner¢d Aeeounrants Old PnnLcr5 Y# 156 South Strcct DoTking SuJTey RM4 2HF
Designtr Bwkbillders C•ttteiits ofthe StsltThellts for the Year Ended 31 December 2021 P4¢ Report oltke Trustees Independent Eiarnl&er'i Report St•tement of FIDncl41 Actlvltl BalaThce Sheet Notes to tlt Flthel•l Sttem¢nts 7 to 12 Detalled St*t¢me4t of FlnaDcial Actlvltles 13
Designer Bookbinders Report of th¢ Trnjttes ror the Year Ended 31 De¢emb¢r 2021 The tNstees presen( their fEPOrt with the fJJJaneial statcmemts of the tharity for the year ended 31 Dccembcr 2021. The trnstees have adoptcd the provi5iOTk4 of AccounÉithg and Reporting by Chan'tics.. Slatrtnent of Recommended Practice appljcable to Ghantics prcpanng their accounts in a(x0[dan wÈth the Finarrial Rcp(Ktsng Standtrd appli¢&ble Jn the UK and Republic of Ireland IFRS 1021 Icffective l January 2019 OB.IECTIVES AND AcfIviTIES Objectlve5 and The Society i5 d¢vod to the preservation and impr0MeTl of the •¢ desigrt and of contrmporary bookbinding throu8h the cncoura8erncnt, ¢xercise maintenance of standard& and the pro10 of public miexest In the aru des1 and CTaft of contcmporary ty)okbinding. PblIC benellt In planning OUT activities for th¢ year. w¢ kw in mind the Charity Cornmi55ion gwdth¢c on public benefit at our uusw and ¢otmii¢ m¢tungs. ACHIEVEMENT AiYD PERFORMANCE ChArliAble actlVLties The So¢iety published its annual ediiion of Tr N¢w Bookbindetr journal. and uch quarter a T*wsletteT (2 pn'ttted ind 2 electronie v¢rsioosl, w&8 senl to all membm. There was an onlinc cxhibition ol the witmill8 entries or thc l)B UK B¢Jokbinding Compeiition for UP-d.mIllg bookbinders. The judging took place pirfly in.peYsoTh and partly onlinc with an onlinc awards ccrcmony held in April. OnbL Covid r¢s¢tionS were litte4 2 bookbinding wothops wok ploc¢ in Septemtw 0¢ber. DB part London Craft We¢k during Cktober with 6 Ewkbioditlg Worksho lauBILi by DB Fdlows. There was an inaugural online lecture presethted by Pr¢Sidl Cyn in April and availablc on You Tube. DB al hosted an irtt¢rnatsonal online eveni In Octokr with 25 irttemaiionaj bindern (In¢IlIng DB Fellows and rncrnbcrsl. who had bcen inVid ¢0 blnd a phO1r-pnied facsimile. discu55iDg their bindings. desi) ptottsses. The recdIn8 is avwlable 011 You Tube. Alongside this even( D8 or8at)ixd a 241ay workshop leachin¥ the pocholT pnnlirt8 chnIqUe DB'S first public in-person cvent in 2021 wls the AGM •nd • tjlk on bidden fored8c paintlll8 held in July tr5Med from April b¢¢au$¢ of Covid rcstrictlons). A vu¢uai thibitton of DB Fellows, and Liecniiates. Work. tJtl¢d WEP. wa5 on show via the DB websit¢ durJn¥ the Summer. and was highly w¢¢etsful. An exhibition of DB F¢llows' 8t]d Li£ctstialcs' work 'The Book Beautiful, wa$ held during LoThdon Craft Week in October. The six Booker bindivgs. produced by.six DH >ellows for eA¢k shortlisted author, were cornplcted in 0(be1. The bindings were on VI1 display on the DB and Booker websi. The Transfethg De$igrt rrtoJe¢t held 2 workshops in Oc¢obcr Decembrr fimdr4J by th¢ Clothwork¢rs' Company donaiion. FINAIYCIAL RF.VIEW Financial pusitio The %urplus on OUT activiiies for thc ycar wa5 £2,266, whi¢h is split £1560 w the 881 fund and £706 to Ihc Te5trictcd fund. Page I
Dc5iEnCT BookbiDdcr5 Report of the Trustee5 ror theYeAr Ended 31 December 2021 FVIYANCTAL REVTEW Re5erYes poucy The charity h&% set rx)licy on rcserve5 although unall{ad rcs¢rvfs cquival¢rLI to one yeatrs Subscription income is deemcd pnJdet)t. The IrLteTnational ComWi¢ion Fund will bc trrlltcd a5 8ll¢x4ted fimds, th be useAJ ty adminisier the rtext Internation Cornpetition and tour. The Cloihworkcrs, C¢Jmpany atutU don10 is Tcstriacd in thc sum tsf£750 towards pri2ts in thc DB UK Competition and £3,500 for the Tr2n$f¢mng DcsigD project awarded in Novcmbu. Golng eoneern The Truste are tiSfIed thc Clrity is vtable as a going ¢onu¥n in foTeseekble fiIDwe. on The exe¢utive commi¢e Thorn1]y meets fow limes a year 8Dd me¢¢tog the Tru Bivu a fvll managcmcnt rep)rt. 10 2021 however. due io Covid, three meetings weTe held i)nli•e January, April. and Junc. followed by ¢)nc Lll-pcrson mreting iii Ikiobcr where a fujancial rewrt wts given. All projects havc thcir own b8Ct whÉch 15 closdy nM)nitOTed and then the acts1 extthdiiuTC is analysed &fter th¢ PToje¢¢ 16 ai an cnd. Any interim rcqutsts. for ¢xpdIre are not sanciioncd wtthow the a8re£menL of both (he Treasur¢r and ihe Executive CommLti¢¢ via ¢nwl. STRUCTURF., GOVERNANCE AND MANAGEMETr Covernln% documeDt The charity 15 ¢vntrolled by 118 gov¢rnin8 docum¢nk • d¢•1 of and ¢onMiou¢s unin¢orport¢d charity. Dc51 BookbindeTS ll rc8iStcrcd charitablc InLS1 (number 282018). and is cons111& by the tru8r deed dat¢d 3 May 1969 (amended 24 April 1999, 6 janu 2017). The Ex¢cutive Committee 1$ few1b1¢ for the ¢xecu¢J"on of the policy a¢uviues of the Society. Re¢rulim¢nt ind *ppolntmtNI of thew trusltei The Executive Comrnittee Shall ComSed of a President and ci8hi oihcrs who shall k electrd from attd by Fellthw$, LiccniiatGs and Asiwiaies of the S1£[Y for a nTry¢4T i¢rni ofoffice and for addirional (¢Tm% rc$tnc(ion. F.x¢luding the Prcsidclll four Seats on the Exttutive CoTHmilttt 5baU be filled by Fellow5 ofthe Soci¢ty atld four scats shall be filled by A550ciale5 and Licenliatc4 with a minimum of ODC AssLKiaie atld one LiccD¢ialc, and two others from the memb¢tship including Honorary Fellow5 ai the ume of eleciion. Members of ihe Execuiive commit are deerned 10 be ihe TN&iets of the Society. REFERENCE ATr4D ADMINISTRATIVF. DETAIts Re£lstered CILarlty numb¢r 282018 Prlncipal address 10 Palt15QtL Road Ltsndon NW2 2HH P4¥e 2
DeS1¢r BoDkb1dels Report of the Trustees for the Year Ellded 31 December 2011 Trustees Stephen Paul Convdy LA)Js LOlne Sauer (TCS18ned 14.4.21) Angela Sam&q Rachel Ward_S21¢ Peter Jones Rtchard Bcadsmoorc Nc$ta Davies SaFah Butndt-Moor¢ Troy Moore tX$l¢r Caw>n TTUSt¢e {oPW)iDt¢d 17.4.21) Ind¢p¢ftd¢nt Exgmlner Bullimores LLP ChgrteTed A¢eountonts Old Printers Yard 156 South Slr¢et Dorking Suryey RJ14 2HF Approv¢d by order of th¢ board of tnLqtee8 on .... .. . aud si1 on its behalf by: R¢1 Word-Salr- Ttust¢¢ Pagc 3
Independeni Esamlber's Report to th¢ Trn$t¢cs of Deslgner Bookblnders Independent exarniner'i report to the trnStee5 of Designer Bookblnders I repon to the charity tsustets On Tny cxaTnillati¢Jn of the of Dc5i8ncr Brx)kbth (the Trust) for thc year ettd¢d 31 Decctuber 2021. Responsibilities and bz5h of rtPOTt As the chanty tnL%tee8 of the TnLsI you arc r4Th5iblc for thc ryepartioH ol the a]nts ill accordance with the requirements of the ChaTtties Act 2011 Cihe Act?. l Tepon in respect of my examination of the Trus¢s acwurtts ¢aTried out uTrJer g¢tion 145 of the Act and in ¢aTrying out my examina11) I bave follow¢d all app]icablc Directions Ven by the Cbanty Coll0$10n under sectson 145{SKbl of the ACL Independettt examiner's statement I havL Mpleted Tny examinaijon. I confinD that no materwl mauers Ve come to my atteth¢ioth Èn connection with the ¢xaminalioD giving me ¢au8e w believe in any mawLa] T¢spe¢L acUO re¢ord5 wcre not kept in resp¢a of the TTUSt a5 rcquired by 130 of the Act: OT the a¢counts do tLoI accord with thrA¢ rttords: or the accounts do not comply wjth the applicable requirernAty collc¢rniug the (orn attd lnI of accounts sel oui in the Charities (Accounts and Report5) Re8ulaLions 2008 other than any rcquiremeni that thc accounts give a Irue and fair view wlu"¢h is noi a matter corL5idered of Indedenl examit)tson. I have ao con¢¢ms and have Lome across no uth¢r JThaltU5 with the examtson which attcntion should be drawn in this rcport itl order to enable a proper unrkniaT¥Jin8 of Ihe accounts bc Tcached. Nicholu Boot FCA Bullimores E.T.P Chattrred A¢countsnts Old Prinkr% Y&rd 156 South Strcct DoTkin8 Surr¢y RH4 2H Date.. Pag¢ 4
Designer Bookbbnder5 St¥temen¢ of FiDaniial Atliiryties for the Year Ended 31 Defernber 2021 31.12.21 31.12.20 Total fund% UThrcwicted funds Restricted funds funds IIYCOME AND F.NDOWMEfas FROM Don*tions and.qubscriptions 40317 3.5 43.817 51.323 ChArltAble actlvitles Charitabl¢ Activities 32.045 32.045 30.918 tnvt5tm¢nt it1rne 2,792 Total 71367 3.5 75.867 85.033 EXPENDITURE ON Ch4rlt¥ble ictlvltl¢s Charitablc ActLVitics 37.534 2.194 39,728 41 J74 Other 33273 33,873 24.121 Tot#1 70,807 2,794 73,001 65.495 ]4FT INCOME 1.560 706 2.266 19.538 RECONCILIATION OF FUNDS Tot41 funds brougllt forwArd 59,789 62.789 43,251 TOTAL FUNDS CARRIED FORWARD 61 J49 3.706 65.055 62,789 The forni part ofthese rum181 sthrtments Pagc 5
Duigpcr Bookbinders Balance Sheet 31 De¢ember 2021 31.1221 Total 31.12.20 Total Utricd Re5triaed funds No¢¢$ FIXF.D ASSF.TS Tangible asscts 6,497 6.497 497 CURRENT ASSETS 8Cks 2.043 2,043 2.500 62,040 1.000 745 66,243 Cash at bank 58,334 3.706 61877 3.706 66.583 67.988 CREDITORS Amounts falling due within one year (5.025) (5.025) 12,696) NET CURRE ASSETS 57.852 3,706 61.558 65.292 I'()'I"AL ASSF.TS LFSS CURRENT LIABILITVF,S 64,349 3,706 68.055 6S.7R9 ACCRUALS AND DEFERRED INCOME 10 (3.0) (3.WO) 13,000) NET ASSETS 61.349 3.706 65,055 62,789 Unr¢stri¢i¢d funds Restri¢d fvtlds 61.349 3.706 59,789 3,OtH) TOTAI. FUNDS 65.055 62.789 The fLTrancial statements w¢r¢ approved by the Boa¥d of Ttusttt8 aUdlSCd for issue on aod were $Lgtwl on its bef by.. R2¢hel WaTd-Sale- TrLkStee The notr$ fomi partof thcse financial statements Page 6
Designer Bkb1nderS Notes to the FiDLdl Sthtements for the Y¢4r Ended 31 Dtctmber 2021 ACCOUNTING POLICILS Ba$15 of preparlng the tIDanclal statements The fitthncial Slalrrncnls of the ch2n(y, which is a public bcnefjl cntsty under FRS 102. have been prepared in ac¢ordan¢e with the Charitics SORP {FRS 102) 'Accountin8 and iiwrting by ChaTitifs'. Statcmenl of Recommended Practicc applicable to chan'tics preparing their aC¢oty in accordancc with thc Financial Rqrting Standard applicable in the UK artd Republic of treland {FRS 102) (effective l January 2019),, Fjnancial Repong Standard 102 Ttte Financial Repo[¥ Ststtdatd appli¢able iti the UK and Republic of Ireland. atsd the Charities Act 2011. The fLt)artcial $&temeots have been prepared thc historic ¢t conv(lOn. The finanGiAI ststcments arc pre5eD¢ed in 1£) which is •tso thc fimctwnaj vJrrtn¢y for thc tharity. FlnAnclAI reportlDg stsnd•rd 102- r¢du¢¢d dlKlosMre emp05 The chaniy has iaken advantage of the following disclosure exem10$ in preparing thcsc financi&l sutements, as putniikd by FRS 102 The Financial ReporlÈDg Sthndard applLcabk th the UK aud Republic olIreEaDd': the requir¢m¢nts of sOrt 7 Stsmeni of Ch Flows. Income All ii)come is recognised in the Stawnent of Finan¢iat Aaivities once the chan'ty has entitlement w the Lt is probable Ihat th¢ income will be rec¢ived and th¢ 01ni can be rrKasuTd reliably. Expendlivrc Lidbilitics arc recogniscd &8 expenditu t8 srm as there is a legal or constructive obli8auon Committing the charity lo that Lxpenditure, it is probable that a wansfu of rfonomic bcncfits will bc required in S¢L(lement atld the arnnunt of thc ubligaiion c8n be measurd re]iably. EXpdi¢ is accounted for on an a¢cnth15 basis and ha5 been clwificd under heading8 that aggTC8a¢c all cost Tclated to the ca80ry. Where Costs cn0¢ be directly attributed w particular headings they have been allocaied (o aciivitses on a Iwis consisteni with the usc orTesoucS. Tanglble flx¢d A¥s¢ts Depreciation Is Provided At the followin8 annual Tatei in ord¢rto writ¢ off exh ¥set over its cstimato4 lif¢. Plant and machinery 2A oncoy Taxatlon The ¢hanly is exempt from on its chsritable aoiviii¢s. Fund accoyndn% Urtrcstnctcd tiinds can bc u8cd tn accordance with th¢clwi4ble obj¢divts ai the disctetion of the tsustea. Restricted funds Can only k used for particular restricted purp)sts wtthitt the objects of the charily. Rcsiri¢iions arL5e whcn $pKifi¢d by the donor or when fimd% are rwed forparticul•rTestri¢ttyJ rlSu. conLinued...
Designw Bookbinders Notrs to th¢ Flnallchl Ststemetsts- eonilnued for the Ye4r Emded 31 December 2021 INVEsfMENT INCOME 31.12.21 31.12.20 "videnth DBPL Deposii 8¢count tnierest 2,257 535 2.792 TRUSTEES. REMUNERATION AND BENEFITS Thcrc werc trustc¢s' rcmunNalion OT other b¢nefits lor the ycar e4Mkd 31 Dcccmber 2021 nor for the yc8r ended 31 Decetth 2020. Trusteu, expens TTUStee5 expcnse5 of £270 {2020 - £403) wcrc paid in rcspxt of travcl and mccun8 eXpet. stauonery and othcr Costs in the year ended 31 tkccmbcr 2021. COMPARATtVES FOR THE STATEME OF FINANCIAI. ACTIVITID.S UnreslTiCted Resrrictcd fijnds Totsl fvnds Ir4coME AND Ef4DOWmEr.$ FROM Donaiions and sub8cnptiotss 51.323 51,323 ChAritable Actlvltles Charitable Acitvities 30,918 30,918 lrtvesknertt in¢om¢ 2,792 2.792 Totsl 85,03J 85.033 EXPF.NT)ITURF. ON Charitahlt gctiviticj Charitable A¢iiviti&$ 41.374 41.374 24.121 24.121 Tot*1 65.495 65,495 NET INCOl 19.538 19,538 RECONCILIATION OF FUND8 Tot¥1 funds brought forTraTd 40.251 43,251 TOTAL FUNDS CARRIED FORWARD 59.789 62,789 Page 8 continued...
Designer Bookbinders Notc5 to th¢ FinE141 Statements- continued for the Year Ended 31 December 2011 ANAL YSIS OF INCOME AND EXPET4DITURE FROM AcfiviTtLg Adiviti ABC Online Sale Bookbinding Comrrttition BookeT Fellow Bindirtgs Internaiioiul Bookbindirlg Comwition Joint Workshop with Society of Bookbinden The New BookbindcT MasttrclLsses Transfuring Design Ncwsleuer London Craft Wcck Other Inco 598 lusl Deficit 598 11386) 2.171 {2.386) (9.829) iiorxj 3.648 8.122 (1.319) (17.085) (400) {2,1941 {4.631) {1.398) 14861 2J29 18.9631 (4CQI {2,1941 (4,6311 999 4,794 2.397 5.280 32,045 (39.728) {7.6831 TANGIBLE FIXED ASSETS Plant and mKhinery Wcbsitc Tothls COST At l January 2021 Addilions 11,837 11.837 6,000 At 31 Decettth¢r 2021 11,837 17.837 DEPRECIATION At l January 2021 and 31 Dttelnber 2021 I l J40 11,340 NET BOOK VALUE Al 31 Deccmbcr 2021 497 6,497 At 31 December2020 497 497 STOCKS 31.12.20 Stock8 2,043 Pa8e 9 ontinucd...
Designer Bookbinders Not¢s to the FIDxttt1 Sixtmettts- for th¢ Y¢8r Ended JI Dttember 2021 DEBTOKS: AMOUNTS FALLING DUE WtTHIIY ONE YEAR 31.12.21 31.12.20 Othcr dcbtors 2,5(K) 745 CRED0$. AMOUNTS FALLING DUE WITHLN ONE YEAR 31.12.21 31.1220 Othcrcrcditors 5,025 2,696 io. ACCRUAtS AfqD DEFERRED INCOME 31.12.21 31.12.20 Aecrua15 4nd defcrred ir*ome 3.0(Kl 3,&)0 MOVEMENT IN FUNDS Net rnovcmcnt ID fiJnd5 At 31.12.21 At 1.1.21 UDresirl¢ted lyndi yencrdl fijnd In¢erllalional Compelitson Fund 36.373 23.416 {2.240) 3,8( 34.133 27216 59,789 1560 61,349 Resirltied fuad$ The Llothworkets C¢Jmpkny 706 3,706 TOTAL FUNDS 62,789 2.266 65,055 N¢t mov¢ment in fund& ioclud¢d in th¢ atov¢ ate LS folfvs: Incoming Movement in hjnds cxpendcd Unruirld¢d fund$ Gellcral fund Internaiiotial Comwiiion Fund 68.567 3.800 (70.807) 12,2401 3,800 72,367 (70,8071 1,560 Restrlcted fundj The Clothworkers Company 3,51XI (17941 706 TOTAL FUNDS 75.667 173.601) 2,266 P88e 10 cotltinued...
Designer Bookbinde Noiu to tht Flbancial Statements- tODtiDued for the Year Ended 31 December 2021 ii. MOVEMENT IN FUNDS- continued ComparathTes for movullent th funds Net MOV¢1 irt funds At 31.12.20 At 1.120 Unr¢$trlcied fund• Gelle fund Intcrnational Competiuon FuDd 33 JOI 6.950 3.072 16,466 36,373 23.416 40251 19,538 59.789 Restrl¢ied fund5 The ClothworkeTS Compatry 3.000 TOT AL FUNDS 43251 19.538 61789 Comparative n¢t movem¢ni in fijnds. incjudcd in the 4knv¢ •r¢ as follows.. In¢ornin8 Raourtts expend Movem¢ni in fjJThds URr¢$tri¢tcd funds General Inlcrnalional Competition Fund 68,377 16.656 (65.305) 3,072 16,466 85.033 (65.495) 19.S38 TOTAL FUNDS 85,033 (65,495) 19,538 A cumt year 12 mottthi and prior year 12 month6 ¢ombintyJ w5ition is as follows.. Nci movement in fijnds At 31.12.21 Ai 1.1.20 Unrestrlcted funds Gcneral fijnd Int¢rn41ional Competition Fund 33 JOI 6,950 832 20266 34,133 27,216 40,251 21,098 61.349 Restrfcted funds The Clothworkers Compat)y 3.OCiI 706 3.706 TOTAL FUNDS 43,251 21.804 65,055 Pa8ell coniinued...
Designer Bookbinders Notes to tbe Flll#Dcl St#t¢mEDts- eontlnu¢d ror the Year Ended 31 Decernber 2021 ii. MOVEMENT IN FUNDS- continued A current year 12 ownth$ and prior year 12 months C0[nbll Det t[LovemL in firts, included in the at#)ve are &8 follows.. Incorning Movernent in fund% expended Unrestrlcted fun Gen¢Tal fi]nd International CompetittoD Fund 136,944 20.456 (136.It21 (1901 832 20.266 IS7.4() (136.302) 21.098 Rt$trlcied Tuhds The Clothworkers CorDpaDy 35( (1794) 706 TOTAL FUNDS 160,9C {139,096) 21.804 12. RELATED PARTY DISCLOSURFS The following fccs and cxpcDses were paid to tsw¢¢es in the perityj ID the fUffh¢¢ of chtable a¢tiv¥iies'. Rachel Ward-Salc- £174 for London Cr&ft Wttk expen Angela J3mes- £329 for Booker BiDdJngs expesL8es RiGhard Bcad$moore- £1,000 (HonorUM) & £250 Pn¥ winnings Troy m(e- £l.000 (Ediling and magazinc produ¢¢ion) Stephcn Conway- £1.900 for Booker Bindin85 Pa8¢ 12