Charfty r•glgtratkn numbor 282018 {England and Wal•sl DESIGNER BOOKBINDERS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 DESIGNER BOOKBINDERS LEGAL AND ADMINISTRATIVE INFORMATION Trust¢W4 Kma R War&Sal8 R Beadsmocfe N D8vies A KItche￿Id* L Miles IWnt•J 26April 2025) C178rlty r•gl*trntk ErwJland and Vlal88 282018 Indèpond•nt •xamln•r KerKlall Wad￿Y LLP Granta Lodgè 71 Graham Rowj Malvem wor￿sterShI￿a WR14 2JS DESIGNER BOOKBINDERS CONTENTS Pag• Trustees, ra Independent examine¢8 f8F*Jrt Stal•mont of flnandal actlv6ts8 Balance sheet Not8S to iho financial statom8nts 7-14 DESIGNER BOOKBINDERS TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Th8 Trust8ès EV￿nI thsir annual reP￿t 8rKI fir78rNx81 S18t￿r￿nts thg yew eThJed 31 Dgcember 2025. Th& fin8nty81 $t8t$monts h8v• bèen In 8(x>yiJ4n¢* wth ￿ ¥CTr￿￿ting FKliaes 88t out in note 1 to the financial 8tatem8nts the chaitys ¢￿StIlut￿, the Chartbes Ad 2011 and "Actounting and R8portlng by Chorittgs.. Slatément of RecommrK￿d Pr8¢*(t Op￿￿*ble to chartss preparing their 8ccounts In ac(x)rdan(* wtth thè FIna￿al R8pxxllng Slarwjard applKablo In tho UK ar*1 Republk crf Ireland {FRS 1021" laffaetivè 1 January 20191. Obleetlv•s and actlvlll The Society is devo¢ed to the aKI im[￿0¥0M8nt of the ar( d8svJn and uaft of contemporary bookbinding through th8 encouragement. exercise and maintenance of slarKlarth. and th8 pYorTh)Yon of publlc Interest In the art, design and craft of contemporary toothndiro. Publlc ben•fft The Tru$taes havg patyj dug regard to 9uldanc• Issu￿ by ths Chgrfty CoThn*sk)n In dodding whol acttvttles th ¢hgrtty should undfjrtakg. Achlovemonts and porfomwK• Publlcalbn$.' The Sooety wblishod its anwal ed11K￿ of 'The New Bookbinder. ioumal wthich has Institutional sutyseribèrs around the world. Each quart8r a nowsletter12 prinied and 2 elecimnicl wth n•ws. Iliustrat•d articlès on b¢)okbindino. 8nd course and trainiThJ Infom)atb)n. was sent lo 811 membafs. D8 E-Bulletin8 tr) mgmbe conllnued to post regular news, aitides aboul bindings and binders, and inlom)aUon about •ducation And Ix)urses. The DesKJner 8ookbiThders web3rte was Lwd for worksW booklThJs and IOT publicats.on sales as wall as onlin& exhibilh)ns. The we￿.18 and soryal media ware used lo pUbIr￿ news, events, aThJ ￿Urse$ to the g8n&fal public. Exhibitions.. 8ound Together. 18 February to 3 May 2025. this Fellow5 8 Licontsates exhl)ition ol new work was held al the Pelersfield Museum 8rn1 Art Gallwy wrth supr•yt Ihe curaton81 le8m. A ￿￿1[￿1 catalogue was created and talks and workshop8 were heky akngiAdti ts exhllytj￿. wrth sales of DB publications. Oxford Book Faif, May 2025. 8 Stand and exh5bitw of Fell(rws and L￿nts'01es bindirvjs. Under Cover - Rebinding Nabokovs Books, 1.31 May 2025. this NothrvJh¥m Unwwsty AHRC-IUn￿ woject ))mmls%oned seven bindings by Fèllows nd Lt¢¢rttsalos ol Nabokov woths. Th8 bmdirys èxhthitsd 41 NU Central Library alongside bwkbinding workshops. An onllna &xhibrtK)n of &I1imonsK￿aI Ima￿ of th8 blThJiNd$ is in dè￿lOpment and will be hosted by tho Intsmational Vlailimir Nabokov Sw•ty. The UK Bookbindting comp81jts.(￿ wgs estsbllsh￿I in 1955 to erK¥wrage 8tydents and appreth'cès ol bookbinding to produce originally desvJned and wel￿u￿1 trxK)k3 8fKI lo gNe Ihern the Op￿rtunty to exhibit their tochnical and artistic skills. The 2025 Ix)mpeth"lion was g8nerousty suprrfMte(I by the Folio Swety. who prowded books in sheets ol the set book, and 20 sponsors fuTh1ad piizès. Thè exhibition w8$ IM)St8d by Maggs Bros Lld in November 2025 wilh thè pnz8-￿nnlng bindings exhibited online. A ytsar commemorativè ÈrfM)k1￿ ol the Competthon was sold at th8 èxhlbltlon and online. lfttèm8tion81 Bcokor Pnze 2025: six DB Felknvs t￿nd owes of tha Short41st￿j bo)k* Tho bindings were gxhibitad onlino and prgs&nted to the authors ai the awArds C8f8nKJny in O(*ob8r. DESIGNER BOOKBINDERS TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Educabon.. wrth Contmu￿1 generou8 fLJndirvJ from Iho Ck)Ihworkers Ccryany DB VA$ aNo tr) award burnary fvr*JirvJ to oath of the 9 DB Lit￿ntIate9 in 202510 supp￿1 design biThJir¥J tuition and mentority ctEts. 5 OBISockgty of Bookbinders Joint Workslws (for atl 18vels}. hekl all over thè ajunty, off6rwl tUit￿n in a variety of techniqu83 induding edthon bindiro. marbl&* book(*)th. dust jacket repair, hex8fobJ txnding. and innovative paper- eovergd book strLTr¢tur￿. £1,350 bLtrS8ry furKlirtsJ was vwl to hglp ￿￿)MIng bind8rs attend wod(shops. TransferriThJ DeS￿n ITD).. thls wc48d has a brlaf to bwkb1￿Ing 8nd Lm￿￿.ndlng luition to os1￿8 art and dèsign 5tud8nts, with the uttimat8 aim of irKreasing the nurnber of sbjdents takitNJ up tha craft and gnt8ring th prol8$sion. Tho Prinllno Charity and the LealhernellerB have prov*Jed g8n8rous supp)rt and funding. DB is now partnorod with Bath Spa Llnivèrsity, Glasgow &thool of Art. knncdn Co118go ol Ari. Edinbur9h C¢)11990 of Art, Glasgow Clty Collgge, aNJ FalnKWth Univtrrsty. DB Fdbws provide introductory, intemisdiate, and 8dvanc8d trainlng in bookbindlng, as wèll as Iraining lulors in bty)kbindity. In 2025 demonstrations of bc￿l￿dIng t8chniqu88 were filmed prOf￿lonellY lor the us6 of bJt(M$ 8t B8lh Spa and for pDsbng ts general public access. Wlth support from thg Clothwork¢rs Company. DB cTh)b"nuss trj suppNt Ihg (x￿serVa￿On aThJ bc¢)kblndlng programmes al West Dean Cdlege wrth spec￿lISt tu11￿ by Felknvs in L*ath8I Binding Gohj Toolng. Thr89 DB Fellows are now perman8nt tutors on the bC￿￿￿￿din9 diploma course at West D88n. Flnanelal r•vl•w The surplus on our actNrtiOS W88 £17.041 I2￿24 - £34.2701. whkth was spllt £961 surplus to the 9eneral bjnd and £16,080 wrpbjs to th8 festrkt￿ fvnd. The totsl fvnds of the charty at the balance 8h88t date a￿nt￿l to £89.757. m8d& up of unmtricted funds 01 £59.240 and restrtcled fvnds 01 £30,517. Golng ¢onc•rn The TNstees arg $0Isfigd thal thg Chodty Is Mot40 as 8 golw c¥)ncw In thè forè8eeabl8 fvlure. Budgetsry Control.. The execJJtlv8 commltt88 r￿mMalY m88ts Im8s a y88f oThJ ot oath meeb'rvJ the Treasurgr glves a full management report. I projects have thwr own budget, is dosely monrtor8t1 and Ihèn the acttjal expendibjro is anatysad aftér the project Is at an •nd. Any inten'm wuests for 0X￿nd￿U[è ￿ not san(*oned vnthout the agreement ol both the Treasurer and Iho ExocutNo Committee wa omaA. R•seThM pollcy The charity ha$ no sel polw on reserves altlKwh unallocated reserves 0qu￿a￿ftt to one ye8rfs subscription ineom? Is deeme¢J wdent. The Clothworkers. Company annual chyth'on is resiricled for LIc8ntiatg funding. non- Licèntl8t8 bLbf88rias, and turtK)n 8t W$st D88n Cdlege. The Prinlvthers annual donatw)n and th• donab'on from the L8ath8r5ell8rs 818 r8stricl8d lor th8 Tran518rring Dgsign leathing project. Struetur•, governanee and management The charity is controlled by its goveming docun* a of trLtsL arn1 ￿￿til￿t¢S 8n unirwraknj tharfty. Designer Bookbinders is 8 registered charitable Irusl (number 282018). and 15 consliiut8d by the trust dee(13 May 1969 lamended 24 April 1999. 6 January 2017). The ExeKulNe Committee is re$kK￿￿1b1e for ts exeojiion of the FdKy and acl1¥rt￿ ofthts Soth. DESIGNER BOOKBINDERS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Tho Trust•¢s who sèrved durirvj th8 ye8r arml up to th8 date of ofthe fina￿381 5talements were." AJames K Maki R Ward-sale R Beadsmoore N Davias T Moore A Kitcharslda E Mercede8 S 8￿￿krnan L Miles {R8819n￿ 26 April 2025) (AFvAnted 26Apnl 20251 R•¢rultm•nt and appolnlm•nt of trustw• The Exécutivè Commirtsè shall bo compos￿1 of 8 Pfvsidènt arKI *ght cther3 who Bhall be elected from and by Fallows, Lic&ntlatè8 ant1 AssocAates ol the Socw a tsvo-year tem of office and for a(klitton81 term8 wilhoul restri¢lion. Excludtng thè Pradd8nt. fwr saats on thè EX*ojti￿ Committ¢¥ sh811 be filled by Fdlows of the Society 8nd four seats $h811 be filled by Associates And Licenbates, wrfh o miNmum of one Assou8te and one Licents'ate, and Iwo others from the m*mb¢rship Ind￿)INj Hcffiorary F¢llows at Ihe tlm¢ 01 •led￿n. Membors of the ExecutlV8 Committeg arè d¢omed to bè thè Tntstè•s of thè Soci•ty. Prlnelpal addr•$• 29 WindN5h Cro￿nt M8Iv8rn WR14 2XG Tha Tnjstees, report was approved by the Board of Trustee8. S Brockman Tnmtso 18 April 2026 DESIGNER BOOKBINDERS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DESIGNER BOOKBINDERS l T8POrt to the Trust￿ on my ex8rnin8bon of the finaThial st8t&mts of DaSW￿ BLMJklM"nder5 Ithg chanty) for the yè8r èndèd 31 Dwmbgr 2025. Re8ponslbllttles and basls of report As th8 Truste8s of the ¢h8rty you 8re re8P)wtAe ts Ihe preFeral￿ of the ffinartial statomwts In a¢o)rdance wth the requlrements ofthg Charioeskt 2011. I roport in respect of my examinab.on of the charfW8 financial statement8 carni&J tjrt undw 145 of the Charitles Act 2011. In canwng oul my axaminabon I have folbwed the grven by tha Charty Commission under sectlon 14515llbl of thg Charldgs A¢1 2011. Ind*￿ftd•nt •xamln8¢• 8t&tsm•nt Your attenlton is drawn to the fact that the chwity hos pr¢par•d th¥ lknan¢ial 8latemerts in accordance vAth th8 relevant Versi￿ ol the Staten￿l of Recommended Pracke applica￿ to ¢h#iities preparirrfJ their financial ststaments in accordance Ihts Finan081 Reporbng Slandard applicable ￿ the UK and Rèwblic ol Ireland IFRS 1021 In preforonce lo the A¢csts of each acbvity are made vp of the total of direct ￿$ts and shared costs, induding 5UPFKXt costs invow in ￿dertaknr¥j èach actmty. Dirgd cD5ts attributable to a slngle activlty are 8110(xted direcuy to that activity. Shared costs wthid) cKffllribute to than onè activity and $upport eo$ts whith are not attributabb to a Sing￿ acli¥ity 8p1x￿ed betrmen t￿)se actfvth'os on a ba818 ¢onslstent with us& of TesouTces. Céntral staff cctsts a￿ alk>cated on the basls of tim0 spxnt, and deprocialion chargas 81tt8tsd cffi lh8 wNtion of the 88sef$ uso. 1.6 Tanglbl• flx•d ￿••1* Tangible fixéd assets are inlUaNy m&88ured at cosl aThJ subsewty ftwsu￿ at cost cff valuation. n¥t of depreciat*)n and any impaimiènt losw. Depredatlon Is recognlsed so as to wffte off the g)st or valuthn of assets kss their rwdL¢41 values over their useful lives on Ihe following basos.. Plant gquipment Web3Ke 20% 8tr8W lino 20% strahJhl Ilne The geln or k)s8 arMirvJ on th• d¥wl ofan 888et is date￿in•d as thè d1hror￿ bets￿ th8 Sa￿ proc8•d$ and the Car￿n9 valua of th• gsgèt. ard rnwii88d in the si810m￿l of fingntyd activiti68. 1.7 Imp•lrni•nt of ftx•d •8Mts Al each roportSno ènd dato, the (*arity rewews the Car￿n9 am(xJnts ol its tangibla assèts lo delerniino whether Ihero is any irN1icatb)n Ihal tlw assets hav• suff8fgd an 1mpa1rw￿nt loss. If any sych indi￿tiOn exlsts, the recover8￿6 amothrt crt th& 888el estimated in O￿tr lo dgternine the ext8rrt of the irnpalrnient 1088 lif any). 1.8 Stoeks Stocks are stoted at tho k￿r rf rA)St eslmated seLI'rvJ less costs to CLvnyet• Bnd sèll. Cost mprises dtrect matèrials and. wher8 applicable. direct labwr costs 8rKI those ovetheads that have been ncurred in bringiThJ the stoc*s to iheir pr￿1 locat￿n and cond￿. Items hekl ts distribulK￿ at no c nominal considwation are measured the lthver of rgFAace￿￿t cost and C￿$t Net r8allsablg V41￿ b the estimated sellThJ all eslwnated costs and costs to È Incurred in marketing, 5ellirffJ and distributton. 1.9 Cash and ¢ash oqulval•nts Cash and cash 6qUfva￿nts Inc￿* i*sh in haThJ and depjsts W at (*ll bar*s. 1.10 Flnancw Instruments The charity has elected to 8pply ts provi￿nS of Section 11 '88src Fina￿131 Instrvments. and Sécb'on 12 'Other Finanaal Instrum8t)ts Issues. of FRS 102 to all of ts financial instwments. Flnancial in$buments are recJJgnised in the thaiW$ b*wKe sh*t t•rt￿n Ihe diarity b￿neS paty to the Contr￿31 Frovi8ions of the instru￿￿1. Financbal a￿lS and liabthbes arg offset. with th& net amcyjnls prgsth ￿ the finar•ial stat8m8nts. when there is a legalty enforceable rightto sel off Ter￿￿nISed anvjnts aThJ is an intentim to setue on a nat basis W to fealise the asset and settle tha 1*b￿rtY simullarwusty. DESIGNER BOOKBINDERS NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles {Contlnu•dl 8aslc flnanclal •ss8ts B88ic fin8nrid assets, indude d8btcYs and c4sh and bank b8Lqn<*s. 8re initially measured at tr8ns8ction price indudirg Iransa¢A￿ o)sts and are subsequonty carriad at 8morlissd rA)St usiro the effective inlgrg81 melhod. FinarHyal 888ets rJas8iW as reC￿able wilhin on& year ow not •rtirytl￿. Baslc fln•hchlll•blllU8• Basic financ481 liab￿lt￿5. induding credrtors are in1t1al￿ at trarWct￿?n wic•. Finandal Ilabilitigs cla&8ified as payable within year aro not arTh)rtis￿. Dobl instruments are 8ubsequenUy carri&J at c¢sL u*$ tho offocIN8 interest rate m&thtsJ. Dorncoqnltlon of )7nanclal Ilabllhles Finanaal liabilrfjes are d￿C(gnise