GLADSTONE'S LIBRARY
GROUP ANNUAL REPORT AND FINANCIAL STATEMENTS
for the year ended
31 December 2023
CHARITY REGISTRATION NO. 701399
COMPANY REGISTRATION NO. 02363642

GLADSTONE'S LIBRARY
Legal and Administrative Information
Trustees
Damian Barr
Gregory Cameron
David Cannadine
Victoria Collins
Virginia Davies
Patrick Derham
Scott Evenbeck
Charles Gladstone
Louisiana Lush
Tamara Harvey
Llyr Williams
Andrew Roberts
Resigned 4 July 2023
Resigned 28 May 2023
Appointed l July 2023
Company secretary
Andrea Russell
Charity number
701399
Company number
02363642
Registered office
Church Lane
Hawarden
Deeside
Flintshire
CH5 3DF
Auditor
Mitchell Charlesworth (Audit) Limited
24 Nicholas Street
Chester
CHI 2AU

GLADSTONE'S LIBRARY
Contents
Page
Trustees, report
1-14
Independent auditor's report
15-18
Group statement of financial activities Ilncorporating the income and expenditure account)
19-20
Group balance sheet
21
Company balance sheet
22
Group statement of cash flows
23
Notes to the accounts
24-45

GLADSTONE'S LIBRARY
Trustees, Report (including Directors. Report)
For the year ended 31 December 2023
The Trustees, four of whom are also directors for the purposes of company law, present their annual report and the
financial statements of the charity and the group for the year ended 31 December 2023
The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial
statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and
"Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
leffective l January 20191"
Warden's Introduction to the Annual Report 2023. Revd. Dr Andrea Russell
Last year I wrote that 2022 had been a year of significant change and a year on I now realise that life here at the Library
is always a story of change and development- and 2023 was no exception. The highlight of the year was the award of
£777,000 from the National Memorial Heritage Fund to allow us to make much needed repairs to the Library's roof. The
process has begun, with smaller like-for-like repairs having already been undertaken and by early December the
application to Flintshire County Council was submitted for listed building consent, which should be through by Spring
2024. In addition to this we began preparations for a grant for the Heritage Lottery for a feasibility study year that would
allow us to pilot projects with young people in the 16-24 age group, drawing on our collections and archives, to facilitate
conversations in key Gladstonian areas of human rights. democracy and religious tolerance. In addition, we plan to work
with architect5 and archival/collection experts to consider how the Library can be developed to ensure that the treasures
we have are cared for in the best possible way, can be as accessible as possible and also that the building itself can help
us to engage with 3 wider and younger group. Initial conversations with the funders and local schools and 8roups have
been positive and so we again await the outcome in early 2024.
We have been delighted that the relaunching of the Friends. scheme has gone well,. that courses and events have been
well attended and that occupancy has continued to increase. There are still challenges but there are real signs of growth
and much to be thankful for. The staff team continue to attract hugely positive comments from guests, and their hard
work and commitment are key to our future success.
The reshaping of the Trustee Board has gone well and whilst we were sad to say goodbye to Tamara Harvey we were
delighted to welcome Andrew Roberts, who now chairs the finance sub-committee. I continue to be grateful to all
members for the Trustee Board, and especially the Chair Patrick Derham. for their encouragement. support and
wisdom.
Objectlves and Actlvltles
Memorandum of Assoclation
In Gladstone's Librarvs Memorandum of Association, the objects for which the Charity is established are
clearly stated..
lal The promotion of religion and education and the promotion of divine learning in connection with the
Church of England and the Church of Wales as historical branches of the Catholic Church and in
conformity to the living spirit of the Church of England and the Church in Wales.
Ibl The advancement of education for the public benefit by the maintenance and development of
Gladstone's Library's collections, the encouragement of research. writing and debate on Gladstone's
core subjects:
Theology and Spirituality
History and Current Affairs
Contemporary and Classical Literary Culture

GLADSTONE'S LIBRARY
Trustees, Report (including Directors. Report)
For the year ended 31 December 2023
Mission Document- By Way of Definition
The statements printed below were produced in 2010 by Freddie Baveystock in conjunction with staff,
Trustees and users of Gladstone's Library as a defining statement. or set of words. to guide the development
and future direction of Gladstone's Library.
Glodstone's Librory is...
A residential librory and meeting ploce dedicated to diologue, debote and learning for open-minded
individua15 and groups who are looking to explore pre55ing question5 and to pursue study and research
in an age of distraction ond easy solution5.
We help people engage more deeply in the question5 that concern them.
We are committed to mointaining Gladstone's legacy of engagement with political, social, moral and
spiritual questions.
We do not seek to provide the answers.
We offer resources for people to pursue those questions for themselves - through individual study as
well 05 group debate.
Moreover.
we are one of a kind.
We offer a comfortable. sociable ond stimulating environment in which to pursue live question5,
We provide the resources for creative study including renowned collections of religious, historical,
cultural. ond politicol moteriols.
We believe that the mind work5 best when the body is well cateredfor.
We enoble our guests to enjoy solitude as well as social interoction.
We like everyone to leave having encountered something they weren't expecting - a book, an idea or a
person, for exomple.
Moreover... We hove on evolving progrornme of events that keeps us connected with u wide network of
writers and thinkers- and makes us worth revisiting.
These are the volues we seek to embody..
Welcoming.. Friendly people in o comfortoble environment.. hoppy to accommodate speciol requests,.
open to long or short visits. group5 and individuals.- making our riches avoiloble to the widest audience
possible.
Intelligent.- Voraciou5 reoder5.- thoughtful about where we can moke a difference.
Open-minded.. Unafraid to explore ideas,. hungry for new avenues of enquiry,. engaged with
contemporary questions ond explorotion of the connections between them.. liberal in volues ond
ottitude,. respectfully occomrnodating different points of view.
Surprising.. Having more to us than meets the eye,. maintaining the poce of innovotion.
Diverse.- Celebroting difference ond inclusion.- giving people space to be themselve5.
Ethical.. Defining volue in social terms,. pursuing progressive stondt7rds,' caringfor the environment.
In summory. . .
We ore proudly Gladstonion. os these ore the self-some liberol volues he lived, breothed ond bequeothed
us.
The Trustees have given due regard to the Charity Commission's guidance on public benefit and believe that the
aims, objectives and services provided by the charity are compliant.

GLADSTONE'S LIBRARY
Trustees, Report (including Directors, Report)
For the year ended 31 December 2023
Gladstone's Library responds to these aims and objectives in the following w3yS=
Achievements and Performance
The Library was opened fully during 2023.
2.1 The Reading Rooms.
2023 has been a lively year, and although there have certainly been challenges, it's important to note that
rarely a day goes by without a moment ofjoy. It might be the gasp of someone new to the beautiful space, or
a departing resident letting us know what a productive time they've had; for staff it'5 almost always the thrill
of discovery, be that a new book, an interesting project, or a new scholarship holder to meet.
2.1.1 Users
As ever, the statistics are wide and varied when it comes to the Reading Rooms. The team welcomed
1,025 new Readers, with another 150 renewin8 their existing Readership. 324 people vi51ted as
Researchers. working with the collections for one or two days on average.
1,129 people accessed the Reading Rooms in their capacity as Residents, maintaining the almost equal
balance between day visitors and Residents that we have seen for many years. For the first time since
the pandemic closure, the Library awarded Scholarships. and the 17 scholars and their fascinating
projects added significantly to Reading Room life.
150 renewals represent almost exactly 5% of the total number of registered Readers ljust under 3,000
at the end of 20231. Renewals represent some of the Library's most regular and dedicated visitors; often
this is their third or fourth renewal. However, they are a small core number, and their annual number
has not risen in several years. We want to increase our contact with those who use this increasingly
busy space, and so from 2024 Reader cards (valid for three years) will be valid for a single year only.
Across Readers, Researchers and Residents, the Readin8 Rooms fatilitated 11,837 individual visits
across the year,. an average of 35 people every day across the 335 days that the Library is open.
As with almost every year, some minor adjustments to the space resulted in more seating - 38 places
to sit, mixed between single desks, shared desks. and armchairs - but nevertheless, the Reading Rooms
are reaching their capacity.
To better understand the role of staffing the Enquiry Desk lour 'Reception', our first welcome pointl,
for the first time in 2023 we gathered data on 'entry taps,, i.e. every time someone enters the Reading
Rooms. We recorded an astonishing 27.961: this translates to 80 per day. When we add this to the
growing numbers of invigilated users - described in Archives and Printed Collections, below - it's clear
that staffing this main point of access is an increasing priority.
Since re-opening Reading Room staff have allowed members of the public to 'pop in, to the space, to
have a look, take a photo. etc. Across 2023 this has become increasingly difficult to do, and in January-
March 2024 we will run a three-month trial where only Readers, Residents and Researchers are
admitted.
2.1.2 Printed Collertions
Printed collections had another very successful year, with circulation overall increasing compared to
2023. 4,694 individual titles were issued across 2023.
Although acquisitions are limited due to the Librarfs recovery budget, new items continue to be added
due to the lever-decreasingl backlog. donations. and the very welcome continuation of subscriptions I
The Church Times, The New StGte5man, and Delayed Gratification continued to be added throughout
2023. and were joined by a subscription to The Idler magazine.
A particularly significant donation of books was made to the Kaiser Trust collection by Clive West, the
son of George West. George passed away in 2023 and with Clive, we agreed that the collection will now
be held in the Anwyl Room, where its themes will surely inspire our conference visitors.

GLADSTONE'S LIBRARY
Trustees, Report (including Directors. Report)
For the year ended 31 December 2023
2.1.2 Printed Collertions continued
In 2022-23 we increased the security of all Special Collections (with the exception of the Gladstone
Foundation Collection. which remains in the History Room) and we are pleased to report that this has
not negatively impacted use. 442 Special Collection items were issued in 2023, a large increase on the
previous year.
At the start of 2023, all catalogue records were updated regarding locations, loan types and availability
statuses. This means that anyone searching can clearly see where an item is, and more importantlv,
how they can access it. Alongside other revisions. thi5 has resulted not only in a clearer process for users
but has also increased our contact with those using the collections - a long-held wish.
The 'Printed Items Request Form, was revised in 2023, so that we could learn more about our users.
We now know. for example, that our Special Collections lour most unique printed items), are a
significant driver for people coming to stay at the Library. Elsewhere, quite a few of our requesters had
a general interest or 'personal fascination. and requested to view items after searching our catalogue.
This public engagement is one of the loveliest parts of printed special collections use.. many of our
requests have come spontaneously, either from talking to users and making personal
recommendations. or from users learnin8 about our printed collections from social media or during the
course of their stay, and asking to see some items.
In terms of conservation and preservation the team continued to improve the housing, cleanliness, and
handling of books.
As with any library, weeding and de-accessioning are an important part of collection life, and the team
continued with its weedin8 checks; 339 volumes were removed for reselling or recyclin8, and a number
of sizable serials in Stephen Gladstone Hall have been marked for review. De-accessioning not onlv
makes way for new titles, but also clarifies and sharpens the Library collections,. we look forward to the
rise in collection use as a result.
2.1.3 Archlves
As with last year, 2023 is now the busiest year for archives for which we have records, with a third more
visits than in 2022. 26 unique visitors paid 29 visits in total13 people returned for multiple viewings);
overall, the Enquiry Desk invigilated 97 days. worth of viewings. We understand that research derived
from our archives helped to create 10 monographs. 2 book chapters, l journal article, 6 PhD theses and
2 conference papers. These are truly wonderful statistics.
As mentioned above. scholarships played a significant role in this increase. but we also saw the return
of international visitors for the first time since the pandemic closure, with researchers visiting from
Germany, the US, Canada, Japan and the Caribbean.
The majority of archives viewings concerned material relating to plantation records in the Glynne-
Gladstone Archive, particularly with the anniversary of the Demerara Uprising falling in 2023. But we
also issued records from Eric James Archive. the Don Cupitt Archive, Jim Cotter Archive, the Anne
Ramsden Bennett Archive and the British Crime Writing Archives.
Regarding collections management. bid funds meant that we could continue to invest in archival-grade
acid free boxes. Increasingly our archival items are housed in a much-improved way, and specific
archives rehoused include the Allchin Archive. sections of the Glynne-Gladstone Archive, and the Sir
Stephen Glynne's Church Notes.
The strategic plan for the archives was reviewed regularly across 2023. and we continued to see
progress in obtaining core paperwork for improved archive administration and management. Loan
agreements were signed for the British Crime Writing Archive, while copyright and ownership
agreements were signed for the Anthony Freeman Archive.
At the Start of 2023 an application to the National Archives Archives Revealed, cataloguing grant
scheme was one of 18 from 85 applications to make it to the second round. Due to the NA reducing the
financial amount available it was decided that the Library would not continue, but it was a significant
vote of confidence in the Librarvs archivesl

GLADSTONE'S LIBRARY
Trustees, Report (including Directors. Report)
For the year ended 31 December 2023
2.1.4 Outreach and Public Engagement
Almost a thousand people visited the Reading Rooms and/or learned about some aspect of the
collections via our engagement activities. These include the very successful 'ASC Us Anything, sessions
each Friday, twice-monthly Glimpses. and the six Tea with the Warden, sessions. Alongside North-East
Wales Archives, we held an incredible Open Doors day in September.
When it comes to social media. our collections are key. Some of the Librarfs most impattful online
messaging camefrom posts drafted bythe Reading Room team about the printed and archival holdings.
Our volunteer team continue to bring laughter and huge amounts of hard work to the Reading Rooms.
In the printed collections they have cleaned and produced conSe￿ation reports for several thousand
books Ithe entire ground floor of the History Room11,' in the archives they played a huge role in the
completion of the Gladstone'5 Writing project (see Di8ltisation, below). The Foundation Volunteers
continue to grow in number. and we continue to shape what we as an institution can do for young
people in the North West and North Wales.
We welcomed students from the universities of Wrexham. Liverpool and Chester for a total of twelve
weeks of work placements. These were some of the most successful we've had and we look forward to
welcoming more in 2024.
The printed collections submitted a small funding application for interpretation banners for the History
Room,. with revisions. we hope that this resubmitted bid will succeed in 2024.
If we think of 'in-reach' then the Reading Rooms continue to inform the Library's wider strategic goals
and the Library's public face. We work closely with the Warden and colleagues in Development as they
continue to establish the medium and long term objectives for the library.
2.1.5
Dlgltlsatlon
A huge milestone was reached in 2023 with the final completion of the Glodstone's Writing project.
Funded by the Carnegie Corporation of New York, the project represented an enormous step forward
for the Library in terms of it5 digital presence.
In total. 8,754 items from the Glynne-Gladstone Archive and 182 printed books from the Gladstone
Foundation Collection were fully digitised and are available to browse free of charge via Preservica.
Printed books were matched with their enriched GladCAT metadata. Archival items were reference
numbered, condition checked, digitised, catalogued to ISADIGI standard and placed online, with more
detailed cataloguing started to create summaries of the contents of each items, subject terms, and
place access points.
Digital storage was acquired on Dropbox and in Preservica, a digital preservation system. We have a
contract for five years and we will be launching a number of pilot projects regarding the Library's
institutional archive in 2024.
2.2 Courses and Event programme
2023 saw the return of core events. including established festivals and familiar Writers in Residence formats,
with the addition of highly successful one-off talks and the expansion of events which first appeared in the
2022 programme. The introduction of taster Open Lectures connected with courses has been successful. The
number of Glimpse tours has been doubled to twice a month- dates generally sell out- and new Tea with the
Warden tours/events have proven popular.

GLADSTONE'S LIBRARY
Trustees, Report (including Directors, Report)
For the year ended 31 December 2022
2.2.1
Theology and Spirituality
April..
Course: God Save the King-The Sacred Nature ofthe Monarchy- led by lan Bradley
Open Lecture= The Coronation- its History and Symbolism- led by lan Bradley
September:
Poetry and Faith with Catherine Okoronkwo | GLADFEST 2023
October:
From Communication to Communion= Thomas Merton's Writing and the Desire to IRelconnect-
led by Gary Hall
Open Lecture.. Merton as Theological Companion in the Midst of Trouble- led by Gary Hall
November:
Course: Imagining Heaven - with the Help of the Victorians - led by lan Bradley
Open Lecture.. Falling Back in Love with Death - led by lan Bradley
December:
Well-women- A Time of Refreshment- led by Liz Shercliff and Kate Bruce
2.2.2 Arts and Literary Culture
January
Adapting for Accessibility - a Masterclass with Sophie Rickard
February
Hearth
Jane Yeh.. Being Creatively Inspired by Art and Artists
March
The Rickard Sisters: The Likes of Us: Who Reads Old Ideas?
Simon Armitage and Hanan Issa- Poetry and Place
May
Publishing Day - Learn how to Self-Publish - led by Rhian Waller
Lightning in a Bottle - a Masterclass with Margarita Gokun Silver
June:
Alibis in the Archive Iweekendl
Julv
Course- Latin in a Week 2023- led by Clara Westhaver
August:
Enjoying Poetry- A Walking. Sharing & Reading Workshop- led by Jonathan Davidson
Course: Bewitching Shakespeare- led by Emma Ree5
Publishing Day - Learn how to Self-Publish - led by Rhian Waller
Lecture.. Nick Cle88: Gladstone and the Metaverse.. How New Technologie5 Can Transform
Education
September:
Gladfest weekend
Jude Piesse.. Writing Darwin's Garden at the Mount
October:
Reading Like 3 Writer- a Masterclass with N West Moss
N West Moss - The Push and Pull of Receiving Feedback on our Work

GLADSTONE'S LIBRARY
Trustees, Report (including Directors. Report)
For the year ended 31 December 2023
2.2.2
Arts and Literary Culture continued
November
Talking Terror: An M.R. James Event at Gladstone's Library- (panels and talks)
A Warning to the Curious- Two Ghost Stories by M R James (linked to Talking Terror)
Shaking Things Up= Looking Outside of Yourself for Poetic Inspiration with Jane Yeh
2.2.3
History and Politics
February
Hearth. especially Yhe Language of Food: The Unknown Story of a Domestic Goddess with
Annabel Abbs", and "Why the Georgians Loved Ancient Greece" with Susan Stokes-chapman
Julv:
The Gladstone Umbrella, an annual gathering of Gladstone scholars and enthusiasts
Open Lecture= Gladstone - Man of His Century- led by David Brooks
September:
Gladfest.. particularly "Britain and the American Dream with Peter Moore", "The Reading Rooms
Team- Writing Gladstone - the letters of an age- and "Following Writers and Rebels in the
Spanish Civil War with Sarah Watling"
Jude Piesse: Writing Darwin's Garden at the Mount
2.3 Use of Chapel
Chapel continues to be the hidden heartbeat ofthe Library. Attendance ran8es from 1- 15 and those who come
often take away the liturgy booklet with them, commenting on the use of poetry, the inclusive language and
the times of silence. As Warden. this is the highlight of my day. During the times l am away from the Library
local clergy take the services when they can.
The Chapel is a space that is also used for other events. Other groups who use the Chapel regularly include
voga and mindfulness groups. It is also used as a place of quiet contemplation throughout the day by residents
and day visitors. The Chapel is often chosen as a venue for lectures and conferences and provides comfortable
seating. excellent acoustic and a reliable sound system.
2.4 Achievements and Performance: Visitors
In 2023 the Library continued to see growth in the number of visitors and guests staying at the library.
Occupancy of our bedrooms increased to 77% average occupancy compared to 66% in 2022. Revenue from
our restaurant was up 20% illustrating the growth in visitors to our Food for Thought restaurant.
2.5 Achlevements and Performance: Marketlng
2.5.1 Social Media
Our social media reach grew in 2023. These stats are taken from the period ofjanuary 2023-December
2023 (compared tothesame period in 20221. 5.9M impressions lup 2M impre55ions from 3.9M in 20221,
5.57% engagement rate lup 0.75Yo engagement in 20221. Facebook has accrued 18,398 followers/fans
lapprox. 1000 more than in 20221 while Twitter has accrued 2,421 new followers lup to 16,6551.
Instagram has 8,070 followers, up 2,159 from the total in 2022. Linkedln, continues to have a far smaller
audience1700+ followers) but is growing gradually. Tiktok is likewise growing.
In 2023, following changes in Linkedln algorithms and the ownership of Twitter/X. the decision was
taken to diversify to other social Media channels. The Library now has Threads, Bluesky and Mastodon
accounts.

GLADSTONE'S LIBRARY
Trustees, Report (including Directors. Report)
For the year ended 31 December 2023
2.5.2 PR and Press
Outbound press releases le.g., The announcement of the National Lottery Heritage Fund (see News
from Wales Countr
Life The Flintshire Herald and the Flintshire Leaderl, the March visit by Poet
Laureate Simon Armitage and Welsh National Poet Hannan Issa (see The Leader The Bookseller
InYourArea and the Librarfs success at the Small Em
er Awards have been supported by the local
press. The Writer in Residence
ro
ramme submi55ion
eriod the selection of WIR authors, and events
such as Armen Sarkissian's Founderfs Day Talk and the launch of Gladfest and Alibis in the Archive also
received support in the local press.
We have facilitated national press coverage of the Library, including.. I've found the
erfoet holida
for
anxious teena
ers- and I have #BookTok to thank in The i Newspaper (September 5 20231, Gladstone's..
The UK'S onl
residential librar
on BBC Online Ioctober 23 20231 and NOVEL I DEA Inside the onl UK
librar
where
oucan s
end the ni
ht
with stunnin
readin
rooms and 150 000 books in The Sun
Ioctober 29 20231 and 6 Atmos
heric And Memorable Accommodations In Wales That You Must Visit
in Forbes IDecember 27. 20231. International coverage includes an article in La Voz de Galica and Stuff
NZ,
The Library has also appeared in listicles, including: Pictures
uevilla
acked with thin
s to do is also
Wales, hottest lace Ioaily Post. Sept 10 20231, From book butlers to libra
slee
overs.. 10
reat UK
laces to sta
for book lovers (Guardian, March 2 20231, The World's Best Hotels for Booklovers
Inextavenue. June 27, 20231
Our weekly column hosted by the Flintshire and Wrexham Leader continues, We have also supplied
text and content for blo8s, podcasts, teaching aids and similar, which provide narrow reach but
persistent exposure.
Development
3.1 Staffing
During 2023 the Carnegie project was completed and the library then retained some of the staff that were
working on the project. The average number ofstaff increased from 39 in 2022 to 41 in 2023 and WTE increased
from 24.8 to 26.3.
3.2 Development of future project ideas
Future project ideas link directly to the ongoing vital restoration and repair work to the fabric of the buildin8
(thanks to support from the National Heritage Memorial Fund INHMFII, as well as widening the Library's reach
laudiences and maximising the use of our spaces and buildings (for example repurposing Stephen Gladstone
Hall and/or the Annex).
3.3 Grant Applications
In February 2023, the Library applied for a grant from the National Heritage Memorial Fund INHMFI Covid19
Response Fund to undertake e55ential repairs to the building to secure the Structure (focusing on the porch
and roofl.
This application was successful and in April 2023 the Library was awarded a grant of up to £777,246.00193.96%
of the total eligible project cost of £827,246.00). The remainder of this project cost was funded thanks to a
generous Legacy donation to the Library. This major renovation project is now underway and will be completed
by the end of March 2025.
In early November. the Library applied to the National Lottery Heritage Fund for a Resilience and Recovery
grant to support an 18-month scoping project {startin8 in February 20241 linked to widening the Library's
audience Ito work with 16 to 24-year-oldsl and a feasibility study into the use and repurposing of Stephen
Gladstone Hall and the Annex. The application is for £126.000 and the Library will receive an outcome in
January 2024.

GLADSTONE'S LIBRARY
Trustees, Report (including Directors. Report)
For the year ended 31 December 2023
3.4. Friends of Gladstone's Library
In May 2023 the Library refreshed the Friends of Gladstone's Librarylregular giving scheme working with
Enthuse. to create a new online signup/donation platform. and Daydream Creative Design Agency. to develop
new branding and materials- postcards, signage. and tote ba8S.
This development is also supported by an updated 'Support Us, section on the Library's website, that makes it
easier for people to become Friends of the Library.
Further details: https://www.gladstoneslibrary.orglcontatt/support-gladstones-library
https'.//gladstoneslibrary.enthuse.comlfriend
3.5. U.S. Friends of Gladstone's Library
The Library was awarded a Brant ofSlO,OOOto supportgeneral operating costs from U.S. Friends ofGladstone's
Library1501lcll31, which was accrued thanks to the Librarfs U.S. based supporters and donors.
th
On the 14 November 2023, at the AGM, the Board of U.S. Friends ofGladstone's Library Inc. voted to dissolve
the 501lcll31 at the end of December 2023 due to an increase in running costs and a decrease in donations.
From January 2024, the Library will become an affiliate fund as part of Chapel and York's Family Foundation
iu.si.
3.6. Sponsorship
In August, Murgitroyd (European Patent & Trademark Attorneys) kindly sponsored the Nick Cle88.' Gladstone
and the Metaverse public talk (sponsorship value £2.000).
£2,850 was successfully raised in corporate sponsorship from locally based businesses for Gladfest 2023 which
took place in September. Supporters included Castell Howell Foods, Mitchell Charlesworth, Hartsheath Trust,
Rawson, Taylors of Harrogate, North West Produce, and Trelleborg Marine and Infrastructure. Gladstone's
Library Trustees also kindly sponsored the event.
In November, Canda Copying Ltd. generously sponsored and contributed to a sold-out M. R. James event
untitled Yalking Terrorf at the Library which included a panel discussion, and performance by Nunkie Theatre
(sponsorship value - £2,000).
Operations
In 2023 the Operations team were successful in generating a 20% increase in food revenue as well as a 35% increase
in conference revenue. This was achieved by the use of seasonal menus, greater use of outside spaces for Food for
Thought guests and an increase in the number of events in the restaurant. Afternoon Teas and Christmas for example.
In order to protect the team, staff rotas were more flexible to support the wellbeing of the team. We employed an
additional kitchen assistant to help with the increased business in the restaurant.

GLADSTONE'S LIBRARY
Trustees, Report (including Directors. Report)
For the year ended 31 December 2023
Financial Review
5.1. Financial Results
In 2023 the library continued to increase occupancy and revenue compared to 2022. Room nights increased
170A and average occupancy increased from 66% to 77%. Total weekly revenue increased by 23% year on year
with increases in all main income streams of accommodation. conference and food revenue.
2023
Room
Room nights
Jan
Nights
448
Occupancy
59%
Feb
505
69%
Mar
631
78%
Apr
May
June
626
6SO
81%
691
89%
Julv
August
Sept
Oct
690
86%
626
78%
571
73%
640
79%
Nov
583
75%
Dec
306
65%
Total
6,967
77%
Total unrestricted and restricted income was up 14% including 3% increase in donations and 21% increase in
charitable activities. Total expenditure increased by 19%. We monitor our expenditure very closely and
incurred significant increases in food, energy and wage costs in the year.
The overall reduction in funds included a net loss on investments of £15,083. significantly less than the loss of
£118,809 in 2022. Our investments are reviewed on a quarterly basis by our Finance Committee and
Stockbroker, J M Finn.
5.2. Reserves
At the end of 2023 the unrestricted reserves were equivalent to 6 months normal expenditure.
The reserves policy of the charity is to hold unrestricted, free reserves equivalent to 12 months expenditure of
a typical trading year. The Trustees designate unrestricted reserves in respect of known forthcoming projects
or liabilities. Details of the charity's designated reserves can be seen in these account5. After taking into
account the designated reserves identified by the charity, the remaining level of free, unrestricted reserves fell
short of the charity's policy. The Trustees are aware of this and will aim to work towards achieving the required
level over future months.

GLADSTONE'S LIBRARY
Trustees, Report (including Directors, Report)
For the year ended 31 December 2023
Structure, Governance and Management
6.1. The Board of Trustees and Directors of the Company
The Board of Trustees met 4 times during 2023 and the sub committees IFinance and Risk and Fundraising)
met 6 times.
The AGM was held on the 26, September 2023.
Tamara Harvey resigned from the Board ofTrustees during 2023. Andrew Roberts joined the Board ofTrustees
in 2023. Andrew brings to the Board an expertise in finance and accounting and as the Operations, Finance
and People Director for Theatre Clywd has considerable experience of working for a Charity.
As at 31, December 2023, the Trustees of Gladstone's Library were:
Damian Barr
Gregory Cameron
David Cannadine
Toria Collins
Virginia Davies
Patrick Derham
Charles Gladstone
Louisiana Lush
Andrew Roberts
Llyr Williams
{Chairl
{President of Gladstone's Library)
Ivice Chairl
6.2. Gladstone's Llbrary Servlces Llmited
A separate sister company, Gladstone's Library Sep4ices Ltd, has responsibility for all financial activities that
are not core to the charitable purposes of Gladstone's Library. The directors of Gladstone's Library Services Ltd
are..
Andrea Russell
Sarah Robertson
Llyr Williams
6.3. Gladstone's Llbrary Staff
As at 310ecember 2023, Gladstone's Library had the following members of staff:
Management and Department Head
Andrea Russell
Warden and Director
Sarah Robertson
Finance Manager and Director
Louisa Yates
Director of Collections and Research
Ous5ama Mantashe
Operations Manager
Jim Creed
Fundraising and Development Officer
Admin/Other
Tracey Vallance
Margaret Cartner
Rhian Waller
Joanne Mercer
PA to the Warden
Finance Ass1Stant
Digital Marketing Officer
Finance Assistant
Collectlons: Readlng Rooms and Archfves
Isobel Goodman
Librarian
Alexandra Foulds
Archivist
Louise Roberts
Library Assistant
James Southerby
Library Assistant

GLADSTONE'S LIBRARY
Trustees, Report (including Directors. Report)
For the year ended 31 December 2023
6.3 Gladstone's Library Staff continued
Food for Thought Restaurant
Matthew Gibson
Gareth Messham
Charly James
Matthew Campbell
Head Chef
Sou5 Chef
Demi Chef de Partie
Kitchen Assistant
Nicola Jones
Charlotte Pritchard
Angela Evans
Alison Stewart
Matthew John
Pamela Griffiths
Lorraine Whittle
Rachel Deacon
Debbie Tregligas
Amy Hamilton
Ben Morris
Griff Robinson
Restaurant Team Leader
Restaurant Team Leader
Restaurant
Restaurant
Restaurant Icasuall
Restaurant
Restaurant
Restaurant
Restaurant
Restaurant
Pot Wash
Pot Wash
Housekeeping
Adrian Stefanescu
Samantha Newall
Caroline Sayer
Rosie Parry
Jennifer Jones
Head Housekeeper
Housekeeping
Housekeeping
Housekeeping
Housekeeping
Malntenance and Nlght Porter
Dominic King
Gareth Jones
Evan John
Night Porter
Night Porter
Maintenance Officer
Receptlon
Caroline Jeffrey
Victoria Leary
Helene Webster
Nicola Whalley
Reception
Reception
Reception
Reception
Reference and Admlnlstratlve Detalls
Registered Charity Name
Gladstone's Library
Charity number
701399
Company registration number
2363642
Registered office
Gladstone's Library
Church Lane
Hawarden
Flintshire
CH5 3DF
Auditor
Mitchell Charlesworth {Auditl Limited
24 Nicholas Street
Chester
CHI 2AU

GLADSTONE'S LIBRARY
Trustees, Report (including Directors. Report)
For the year ended 31 December 2023
Bankers
Lloyds Bank PIC
8 Foregate Street
Chester
CHI IXP
Trustees, Annual Report
The Trustees, five of whom are also dirertors for the purposes of company law, present their annual report and the
financial statements of the charity for the year ended 31st December 2023.
8.1. Foundation
Gladstone's Library was founded by William Ewart Gladstone {1809-18981. arguably Britain's greatest Prime
Minister, in 1889. It is the only Prime Ministerial Library in the UK and is unique in bein8 3 residential library
with 26 bedrooms. The present Grade I listed building was opened in 1902 as the National Memorial to
Gladstone. The Library was created around Gladstone's original donation of 28,000 books. It houses a world-
renowned collection of theology and nineteenth century studies. The collection is up to date and now boasts
more than 200,000 items.
8.2. Governance
Gladstone's Library is a charity (Registered Charity Number.. 701399) and, as such, is run by 3 Warden (Andrea
Russell) who reports to the Trustees. The Library is also a company registered in England and Wales as a
Company Limited by Guarantee INumber 23636421. At present, five of the Trustees are directors of the
company for the purposes of the Companies Act. The Trustees are a body of not less than five and not more
than twenty-four members. The Trustees meet at least twice a year - for the Founderfs Day meeting of the
Trustees which includes the AGM of the Company. The Chair may call other meetings of the Trustees or
whenever he is summoned to do so by two or more Trustees. The Fundraising and Finance Sub-committees
are delegated by the Trustees to act on their behalf. All acts and decisions taken under such delegated powers
shall be reported to the Trustees and confirmed by them.
8.3. Rlsk
Gladstone's Library monitors its risk register on an ongoing basis. This forms part of the work plan of the Board.
8.4. Audltors
Having expressed a willingness to continue in office, a resolution for the appointment of Mitchell Charlesworth
(Auditl Limited will be proposed at the forthcoming Annual General Meetin8.
Trustees, Responslbllltles
Those Trustees who are directors of Gladstone's Library are, for the purposes of company law, responsible for
preparing the Trustees, Annual Report and the Financial Statements in accordance with applicable legal and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accountancy Practice). Company law requires
the directors to prepare financial statements for each financial year that give a true and fair state of affairs of the
charitable company and of the incorning re50urce5 and application of resources, including the income and
expenditure, of the charitable company for that period. In preparing these financial statements, the directors are
required to..
select suitable accounting policies and then apply them consistently:
observe the methods and principles in the Charities SORP:
make judgments and estimates that are reasonable and prudent,.
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in operation.

GLADSTONE'S LIBRARY
Trustees, Report (including Directors. Report)
For the year ended 31 December 2023
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any
time the financial position of the charitable company and enable them to ensure that financial statements comply
with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the
audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to
identify such relevant information and to establish that the auditor is aware of such information.
The Trustees, report was approved by the Board of Trustees.
Reglstered Offlce:
Gladstone's Library
Church Lane
Hawarden
Flintshire
CH5 3DF
Slgned b
order of the Trustees:
The Revd Dr Andrea Russell
Company Secretary
29/0812024

GLADSTONE'S LIBRARY
Independent Auditor's Report
To the Members of Gladstone's Library
Opinion
We have audited the financial statements of Gladstone's Library (the 'charl￿) and its subsidiaries (the 'group'l for the
year ended 31 December 2023 which comprise the Group Statement of Financial Activities. the Group Balance Sheet.
the Company Balance Sheet, the Group Statement of Cash Flows and the notes to the accounts, including a summary
of significant accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Finonciol
Reporting Stondord opplicoble in the UK ond Republic of Ireland (United Kingdom Generally Accepted Accounting
Practice).
In our opinion. the financial statements:
give a true and fair view of the state of the group's and the charitable company's affairs as at 31 December 2023
and of the group's incoming resources and application of resources. for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditin8 IUKI {ISAs IUKII and applicable law.
Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the
financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained 15 sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to 80ing concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any Material uncertainties relatin8 to events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going
concern for a period of at le3St twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant
sections of this report.
Other Informatlon
The other information comprises the information included in the annual report other than the financial statements and
our auditor's report thereon. The trustees are responsible for the other information contained within the annual report.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read
the other information and, in doing so. consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the course of the audit, or otherwise a ppears to be misstated. If we
identify svch material inconsistencies or apparent material misstatements. we are required to determine whether this
give5 rise to a material misstatement in the financial statements themselves. If, based on the work we have performed,
we conclude that there is a material misstatement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of our audit-.
the information given in the Trustees, Report. which includes the Directors, Report prepared for the purposes of
company law, for the financial year for which the accounts are prepared 15 consistent with the accounts; and
the Directors, Report included within the Trustees, Report has been prepared in accordance with applicable legal
requirernents.

GLADSTONE'S LIBRARY
Independent Auditor's Report (continued)
To the Members of Gladstone's Library
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and charity and its environment obtained in the course of
the audit, we have not identified material misstatements in the Directors, Report included within the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us
to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have not been received from
branches not visited by us- or
the accounts are not in agreement with the accounting records and returns,. or
certain disclosures of trustees, remuneration specified by law are not made: or
we have not received all the information and explanations we require for our audit,. or
the trustees were not entitled to prepare the accounts in accordance with the small companies, regime and take
advantage of the small companies, exemptions in preparing the Trustees, Report and from the requirement to
prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the Statement of Trustees. Responsibilities. the trustees. who are also the directors of the
charity for the purpose of company law. are responsible for the preparation of the financial statements and for bein8
satisfied that they give a true and fair view. and for such internal control as the directors determine is necessary to
enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group and charity's ability to
continue as a going concern, disclosing. as applicable. matters related to going concern and using the going concern
basis of accounting unless the trustees either intend to liquidate the group or charitable company or to cease
operations, or have no realistic alternative but to do so,
Audltor's responslbllttles for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with
ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and
are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulation5. We design procedures in line
with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
The extent to which our procedures are capable of detectin8 irre8ularitie5, includin8 fraud, is detailed below.
Extent to which the audit was considered capable of detecting irregularities. including fraud
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is
suff icient and appropriate to provide a basis for our opinion.

GLADSTONE'S LIBRARY
Independent Auditor's Report (continued)
To the Members of Gladstone's Library
Identifying and assessing potential risks related to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-
compliance with laws and regulations, we considered the following:
the nature of the industry and sector. control environment and business performance;
the charity's own assessment of the risks that irregularities may occur either as a result of fraud or error,.
the results of our enquiries of management and trustees of their own identif ication and assessment of the risks
of irregularities,.
any matters we identified having obtained and reviewed the charIt￿S documentation of their policies and
procedures relating to:
identifying, evaluating and complying with laws and regulations and whether they were aware of any instances
of non-compliance,.
detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or
alleged fraud: and
the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations,. and
the matters discussed among the audit engagement team regarding how and where fraud might occur in the
financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation
for fraud and identified the greatest potential for fraud in the following areas:
lil The presentation of the charity's Statement of Financial Activities, lill the charity's accounting policy for revenue
recognition and liiil the charity's use of restricted funds. In common with all audits under ISAS IUKI, we are also required
to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the le8al and regulatory framework that the company operates in, focusing on
provisions of those laws and regulations that had a direct effect on the determination of material amounts and
disclosures in the financial statements. The key laws and regulations we considered in this context included the UK
Companies Act, and the Statement of Recommended Practice - 'Accounting and Reporting by Charities, issued by the
joint SORP making bodv.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial
statements but compliance with which may be fundamental to the company's ability to operate or to avoid 3 material
penalty. This includes regulations concerning Data Protection Regulations.
Audlt response to rlsks Identlfled
As a result of performing the above, we identified the safeguarding of the buildin8 and collection, and revenue
recognition as the key audit matters related to the potential risk of fraud.
Our procedures to respond to risks identified included the following:
reviewing the financial statement disclosures and testing to supporting documentation to assess compliance
with relevant laws and regulations described above as having a direct effect on the tinancial statements,.
enquiring of management and members of the Board of Trustees concerning actual and potential litigation and
claims;
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks
of material misstatement due to fraud:
reading minutes of meetings of those charged with governance and reviewing correspondence with relevant
authorities where matters identified were significant:
in addressing the risk of fraud through management override of controls, testing the appropriateness of journal
entries and other adjustments; assessing whether the judgements made in making accounting estimates are
indicative of a potential bias,. and evaluating the business rationale of any significant transactions that are
unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the
audit.

GLADSTONE'S LIBRARY
Independent Auditor's Report (continued)
To the Members of Gladstone's Library
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at: http.'//www.frc.org.uk/auditorsresponsibilities. This description form5 part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's
members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and
the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Robert Hall {Senior Statutory Auditor)
for and on behalf of Mitchell Charlesworth (Audit) Limited
3010812024
Accountants
Statutory Auditor
24 Nicholas Street
Chester
CHI 2AU

GLADSTONE'S LIBRARY
Group statement of Financial Activities (including Income and Expenditure Account)
For the year ended 31 December 2023
Unrestrirted
funds
2023
Restricted
funds
2023
Total
as restated
2022
Total
2023
Notes
Income from:
Donations and legacies
Grant income
Charitable activities
Investments
Trading company income
179.228
65,949
245.177
237,370
8,000
448,475
94,279
354,252
546.225
15,397
439,386
546,225
74,317
439,386
58.920
14
Total income
1,180,236
124,869
1,305,105
1,142,376
Expenditure on:
Raising funds
66.475
10,924
77,399
38,536
Charitable activities
Investment costs
Trading company expenses
895.930
2.919
126.727
287,056
8.134
1.182,986
11,053
126,727
1,029,834
9,269
96,317
li
14
Total resources expended
1.092.051
306,114
1.398,165
1,173,956
Net Ilossesllgains on investments
12
18,958)
16,1251
115,0831
1118,8091
Net Incomel{expendlture)
79,227
1187.3701
1108.1431
1150,3891
Gross transfers between funds
13
234
12341
Net income for the year/Net
movement In funds
79.461
1187.6041
1108,1431
1150,3891
Total funds brought forward
965.924
1.406.543
2,372,467
2,522,856
Total funds carried forward
1,045,385
1,218,939
2,264,324
2,372,476
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing attivities.
The statement of financial activities also cornplies with the requirements for an income and expenditure account
under the Companies Act 2006.

GLADSTONE'S LIBRARY
Group statement of Financial Activities (including Income and Expenditure Account)
For the year ended 31 December 2023
Comparative information in respect of the preceding period is as follows=
Unrestricted
funds
as restated
Restricted
funds
as restated
Total
as restated
2022
2022
2022
Notes
Income from:
Donations and legacies
Grant income
Charitable activities
Investments
Trading company income
218,400
18,970
8,000
237,370
8,000
448,475
94,279
354,252
448.475
17,494
354.252
76,785
14
Total income
1,038.621
103,755
1,142,376
Expenditure on:
Raising funds
Charitable activities
Investment costs
Tradin8 company expenses
31.784
606.943
1.611
96.317
6.752
422,891
7,658
38,536
1,029,834
9,269
96,317
li
14
Total resources expended
736.655
437,301
1,173,956
Net Ilossesl/gains on investments
12
125,4481
193,3611
1118,8091
Net Incomellexpenditure)
276,518
(426,9071
1150,3891
Gross transfers between funds
13
117,4191
17,419
Net movement In funds
259.099
{409,4881
1150,3891
Total funds brought forward
706,825
1,816,031
2,522,856
Total funds carried forward
965,924
1,406,543
2,372,467

GLADSTONE'S LIBRARY
Group Balance Sheet
As at 31 December 2023
2023
2022
as restated
Notes
Fixed assets
Intangible assets
Tangible assets
Investments
15
16
17
5.022
359,539
1.368.542
5,552
383,292
1,355,839
1,733,103
1,744,683
Current assets
Stocks
Debtors
Cash at bank and in hand
18
19
3,161
26.007
733,302
3,343
9,784
8S8,160
762,470
871,287
Credltors: amounts falllng due wlthln one year 20
1231,249}
1243,5031
Net current assets
531.221
627,784
Total assets less current liabilities
2.264,324
2,372,467
Incame funds
Restricted funds
Unrestricted funds
21
22
1,218,939
1.045.385
1,406,543
965,924
2,264,324
2,372,467
The accounts were approved by the Trustees on
2910812024
Patrick Derham
Chairperson of Trustees

GLADSTONE'S LIBRARY
Company Balance Sheet
As at 31 December 2023
2023
2022
as restated
Notes
Fixed assets
Intangible assets
Tangible assets
Investments
15
5.022
359.539
1.368.543
5,552
383,292
1,355,840
16
17
1.733.104
1,744,684
Current assets
Stocks
Debtors
Cash at bank and in hand
18
19
3.161
26.007
733.302
3,343
9,784
858,160
762,470
871,287
Creditors: amounts falling due within one year 20
1231,270)
{243,5241
Net current assets
531,200
627,763
Total assets less current liabilities
2,264,304
2,372,447
Income funds
Restricted funds
Unrestricted funds
21
1,218,939
1,045,365
1,406,543
965,904
22
2,264,304
2,372,447
The accounts were approved by the Trustees on 29/08/2024
Patrick Derham
Chairperson of Trustees
Company Registration No. 02363642

GLADSTONE'S LIBRARY
Group Statement of Cash Flows
For the year ended 31 December 2023
2023
2022
as restated
Notes
Cash flows from operating activities
Cash generated from operations
25
1171.4231
1225,5221
Investing activities
Dividends, interest and rents from investments
Proceeds from the sales of PPE
Purchase of Property, Plant and Equipment
Purchase of intangible asset
Net proceeds from movement on investments
74,317
94,279
115,049)
13,2181
112,703)
{115,7841
Net cash (used inl/generated from investing
activities
46,565
124,7231
Cash flows from financing activities:
Repayments of borrowing
Cash inflows from new borrowing
Net cash provided by lused in)18enerated from
financing activities
Change In cash and cash equlvalents In the
reporting period
1124,8581
1250,2451
Cash and cash equivalents at beginning of year
Change In cash and cash equlvalents due to
exchan8e rate movements
858.160
1.108,405
Cash and cash equivalents at end ol the year
733.302
858,160

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
Accounting policies
Charity information
Gladstone's Library is a private company limited by guarantee incorporated in England and Wales. The registered
office is Church Lane, Hawarden. Flintshire, CH5 3DF, North Wales.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Memorandum of Association,
the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 {effective l January 20191" The charity is 3 Public
Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. modified to include the revaluation
of certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Basls of consolldation
The consolidated financial statements incorporate those of Gladstone's Library and its subsidiary li.e. an
entity that the group controls through its power to govern the financial and operating policies so as to obtain
economic benefits). Subsidiary financial statements are made up to 31 December 2023 and accounting
policies used therein are in line with those used by Gladstone's Library.
All intra-group transactions, balances and unrealised gains on transactions between group companie5 are
eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence
of an impairment of the asset transferred.
The group statement of financial activities and statement of cash flows also include the results and cash flows
of Gladstone's Library Services Ltd, the subsidiary.
1.4 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restritted funds are set out in the notes to the accounts.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
Accounting policies (continuedj
1.5 Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been
met, the amounts can be measured reliably. and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are reco8nised on receipt or otherwise if the charity has been notified of an impending distribution,
the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts
receivable for goods and services provided in the normal course of business, net of discounts, VAT and other
sales related taxes.
1.6 Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered and is reported as part of the expenditure to which it relates. Expenditure incurred
at the balance sheet date that relates to events taking place after the balance sheet date is carried forward
as deferred expenditure.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of
trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and
include project management.
Governance costs are those costs incurred in connection with the administration of the charity and
compliance with constitutional and statutory requirements.
1.7 Intanglble flxed assets other than goodwlll
Intangible assets acquired separately f rom a business are recognised at cost and are subsequently measured
at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition
date where it is probable that the expected future economic benefits that are attributable to the asset will
flow to the entity and the fair value of the asset can be measured reliably- the intangible asset arises from
contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Software
IO% reducing balance

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
Accounting policies (continued)
1.8 Tangible fixed a55etS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following bases:
Freehold land and buildings
Plant and equipment
IO% reducing balance
IO% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset and is recognised in net incomellexpenditurel for the year.
1.9 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
income/lexpenditurel for the year. Transaction costs are expensed as incurred.
A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating
policies of the entity $0 as to obtain benefits from its activities.
1.10 Impalrment of flxed assets
At each reporting end date, the charity reviews the carryin8 amounts of its tan8ible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss lif any).
Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for
impairment annually, and whenever there is an indication that the asset may be impaired.
1.11 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be
incurred in marketing, selling and distribution.
1.12 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are
shown within borrowings in current liabilities.

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
Accounting policies (continuedj
1.13 Financial instruments
The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to
the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to
Settle on 3 net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost Using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Baslc flnanclal Ilabllltles
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price
unless the arrangement constitutes a financing transaction. where the debt instrument is measured at
the present value of the future payments discounted at a market rate of interest. Financial liabilities
classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course
of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within
one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially
at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognltion of financlal Ilabllltles
Financial liabilities are derecognised when the charitls contractual obligations expire or are discharged
or cancelled.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimate5
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimate5 and associated assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognised in the period in which the estimate is revised where the revision affects only that period, or in
the period of the revision and future periods where the revision affect5 both current and future periods.

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
Donations and legacies
Unrestricted
funds
2023
Restrirted
funds
2023
Total
2023
Donations and gifts
Government grants
179,228
65,949
245,177
179,228
65.949
245,177
Donations and gifts
Donations- The Main Library
Donations- Voluntary
Donations - The Scholarship Fund
Donations - The Gladstone Project
Gift Aid - The Main Library
Arts sponsorship
Exhibition donations
Library Research Donations
Other
92,668
61,186
92,668
61,186
944
495
25,374
15,000
944
495
25,374
15.000
49,510
49,510
179,228
65,949
245,177
Grants recelvable for core activltles
Business rates grant
Comparative information in respect of the preceding period is as follows:
Unrestricted
fvnds
2022
Restrirted
funds
2022
Total
2022
Donations and gifts
Government grants
218,400
18,970
8,000
237,370
8,000
218,400
26,970
245,370
Donations and gifts
Donations- The Main Library
Donations- Voluntary
Donations- The Scholarship Fund
Donations - The Gladstone Project
Gift Aid - The Main Library
Arts sponsorship
Exhibition donations
Library Research Donations
Other
135,017
59,133
135,017
59,133
300
300
24,520
15,000
2,358
1,312
24,250
15,000
2,358
1,312
218,400
18,970
237,370

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
Donations and legacies (continued)
Unrestricted
funds
2022
Restrirted
funds
2022
Total
2022
Grants receivable for core artivities
Business rates grant
8,000
8,000
Charitable activities
Unrestricted
funds
2023
Restrirted
funds
2023
Total
2023
Boarding and tuition fees
546,225
546,225
Comparative information in respect of the precedin8 period is as follows..
Unrestrlcted
funds
2022
Restrlrted
funds
2022
Total
2022
Boardin8 and tuition fees
448,475
448,475
Investments
Unrestrlcted
funds
2023
Restrlrted
funds
2023
Total
2023
Income from UK listed investments
Gain/llossl on disposals - Main Fund
Gain/llossl on disposals - Scholarship
Gain/llossl on disposals - Golothan
Bank interest receivable
9,871
4,649
41,088
50,959
4,649
17,922
1901
877
17,922
1901
877
15,397
58,920
74,317

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
Investments (continued)
Comparative information in respett of the preceding period is as follows-
Unrestricted
funds
2022
Restrirted
funds
2022
Total
2022
Income from UK listed investments
Gain/llossl on disposals- Main Fund
Gain/llossl on disposals- Scholarship
Gain/llossl on disposals- Golothan
Bank interest receivable
10,207
7,243
69.002
79,209
7,243
7,783
7.783
44
17,494
76.785
94,279
Costs of ralslnE funds
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
Fundraisin
and ublicit
Fundraising salaries
Publicity
40,387
26,088
40,387
37,012
10,924
66,475
10,924
77,399
Comparative information in respect of the precedin8 period is as follows..
Unrestrlcted
fund5
2022
Restrlcted
funds
2022
Total
2022
Fundraisin
and ublicit
Fundraising salaries
Publicity
18,858
12,926
18,858
19,678
6,7S2
31,784
6,752
38,536

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
Charitable activities {expenditurel
2023
2022
Boarding and tuition fees costs
Depreciation
Rates and water
Light and heat
Repairs and maintenance
Insurance
Catering and other purchases
Course expenses and training
Printing, postage and stationery
Purchase of books
Carnegie fund project costs
Charitable donations paid
36,333
12,338
82,909
76,445
18,637
18,239
14,173
8,363
6,579
65,801
10,000
39,155
12,174
77,407
55,836
17.880
10,125
461
5,263
6,478
49,250
349,817
274,029
Share of support costs Isee note 81
Share of governance costs (see note 81
827.269
5,900
749,180
6,625
1,182,986
1,029,834
Analysis by fund
Unrestricted funds
Restricted funds
895,930
287,056
606,943
422,891
1,182,986
1,029,834

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
support costs
Support
costs
Governance
Costs
Total
2023
2023
2023
Library, conference and residential salaries
Wages and salaries
Leasing and rental
Motor and travel expenses
Consultancy fees
Telephone
Computer costs
Bank charges
Sundry
Recruitment costs
Audit
Accountancy
Legal and professional
665.914
54,988
2,867
1,358
4,146
5,607
29,263
15,603
47,523
665,914
54,988
2,867
1,358
4,146
5,607
29,263
15,603
47,523
1,6SO
4,250
1,650
4,250
827.269
5,900
833,169
Analysed between Charitable activities
827,269
5,900
833,169
Governance costs includes payments to the auditors of £1,650 {2022 - £1.6001 for audit fees.
Comparative information in respect of the preceding period is as follows..
Support
costs
2022
Governance
costs
2022
Total
2022
Library, conference and residential salaries
Wages and salaries
Leasing and rental
Motor and travel expenses
Consultancy fees
Telephone
Computer costs
Bank charges
Sundry
Recruitment costs
Audit
Accountancy
Legal and professional
573,278
73,080
4,638
6,283
2,789
3,006
25,440
11,215
31,955
17,496
573,278
73,080
4,638
6,283
2,789
3,006
25,440
11,215
31,955
17,496
1,600
4,175
850
1,600
4,175
850
749.180
6,625
755,805
Analysed between Charitable activities
749,180
6,625
755,805

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
Trustees
None of the trustees lor any persons connected with them) received any remuneration or benefits from the
charity during the year.
io.
Employees
Number of employees
2023
Number
2022
Number
Number of charitable staff
41
39
2023
2022
Employment costs
Wages and salaries
Social security costs
Pension costs
726,349
S2,726
13,246
656,127
45,943
10,728
792,321
712,798
No employee received any remuneration of more than £60.000 during the year12022 - £nill.
The number of full-time equivalent staff at the year end was 26 {2022 - 251.
ii.
Investment management costs
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
Profitlloss on disposal of tangible fixed assets
Investment management costs
1,395
1,524
1,395
9,658
8.134
Comparative information in respect of the precedin8 period is as follows:
Unrestrlcted
funds
2022
Restrlcted
funds
2022
Total
2022
Profit/loss on disposal of tangible fixed assets
Investment management costs
1,611
7,658
9,269

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
12.
Net gains/{lossesl on investments
Unrestrirted
funds
2023
Restricted
funds
2023
Total
2023
Gain/llossl on sale of investments
18,958}
16.125}
115,0831
Comparative information in respect of the preceding period is as follows:
Unrestricted
funds
2022
Restricted
funds
2022
Total
2022
Gain/llossl on sale of investments
125.4481
193.3611
1118,8091
13.
Transfer between funds
A transfer of £27,00012022 - £nill was made during the year from the Scholarship fund to the Gladstone general
fund. This transfer was made in order to fund the boarding and tuition fees of scholars.
A transfer of £10,96412022 - £nill was made during the year from unrestricted funds to the NHMF Roof Repairs
fund, This transfer was made to cover roof expenditure in excess of the grant received to date.
A transfer of £15,75512022 - £17.4191 was made during the year from unrestricted funds to the Living Heritage
fund. This transfer was made to cover the depreciation of restricted assets.
14.
Tradlng subsldlary
Gladstone's Library Services Ltd is a wholly owned subsidiary of the charity which runs the café/restaurant
services to support Glad5tone's Library. Below are the trading results which have been included in the
consolidated accounts.
Profit and Loss Account
Gladstone's Llbrary Servlces Ltd
2023
2022
Turnover
439.386
354,252
Cost of sales
98,242
81,425
Gross profit
341,144
272,827
Administrative expenses
28,485
14,892
Profit before tax
312,659
257.935
Tax on profitlllossl on ordinary activities
Profit for the financial year
312.659
257,935

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
15.
Intangible fixed assets
Group and Company
Software
Total
Cost
At l January 2023 and 31 December 2023
8.483
8,483
Depreciation
At l January 2023
Charge for the year
2,931
530
2,931
530
At 31 December 2023
3,461
3,461
Carrying amount
At 31 December 2023
5,022
5,022
At 31 December 2022
5,552
5,552
16.
Tan8lble flxed assets
Freehold land
and buildln8S
Plant and
equlpment
Group
Total
Cost
At l January 2023
Additions
Disposals
219,266
553,964
15,049
13,2981
773,230
15,049
13,2981
At 31 December 2023
219,266
565,715
784,981
Depreciatlon and Impalrment
At l January 2023
Charge for the year
Eliminated on disposal
57,823
15,424
332,115
21,983
11,9031
389,938
37,407
11,9031
At 31 December 2023
73,247
352,195
425.442
Carrying amount
At 31 December 2023
146,019
213,520
359,539
At 31 December 2022
161,443
221,849
383,292

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
Freehold land
and buildings
Plant and
equipment
Company
Total
Cost
At l January 2023
Additions
Disposals
219,266
553,964
15,049
13,2981
773.230
15,049
13,2981
At 31 December 2023
219,266
565,715
784,981
Depreciation and impairment
At l January 2023
Charge for the year
57,823
15,424
332,115
21,983
389,938
37,407
At 31 December 2023
73,247
354,098
427,345
Carrying amount
At 31 December 2023
146,019
211,617
357,636
At 31 December 2022
161,443
221,849
383,292
The freehold property, and books and manuscripts, were each initially valued at a nominal £1 in 1989. All
subsequent additions to books and manuscripts have been written off.
Any additional amounts under 'Freehold land and buildings. are improvements to freehold property. This
includes costs to extend the current building.

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
17. Fixed asset investrnentS
Cash on
Cash on special
special deposit
deposit
Main fund Scholarship fund
Main fund Scholarship fund
investments
investments
Cost or valuation
At l January 2023
Additions
Valuation changes
Other Movements
Disposals
212.195
18.254
{8,9581
4,649
120.1051
863.594
112,113
112,964)
17,922
163,033)
5.732
118,2541
116,578
1112,1131
16531
20,105
3,542
63,033
At 31 December 2023
206,035
917,632
6,930
71,040
Carrying amount
At 31 December 2023
206,035
917,632
6,930
71,040
At 31 December 2022
212,195
863,594
5,732
116,578
Golothan
fund
Cash on
Golothan fund
Investments In
subsidiaries
Total
Cost or valuation
At l January 2023
Additions
Valuation changes
Other Movements
Disposals
117,828
43,958
6,839
190)
110,926)
39,912
143,958}
1,355,840
115,0831
27,783
2,413
10,926
At 31 December 2023
157,609
9,293
1,368,540
Carrylng amount
At 31 December 2023
157,609
9,293
1,368,540
At 31 December 2022
117,828
39,912
1,355,840
100% of the investments are held by Gladstone's Library. therefore none relate to Gladstone's Library
Services Ltd.
The investments held by the group are shown at £1.368,539 {2022- £1.355,8391 as the £1 share held in
Glad5tone's Library Services Ltd has been eliminated on consolidation.

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
18.
Stock
Group
2023
Company
2023
2022
2022
Stock
3.161
3,343
3.161
3,343
19.
Debtors
Group
2023
Company
2023
2022
2022
Amounts falling due within one year:
Trade debtors
Other debtors
4,180
21.827
4,180
21,827
9.784
9,784
26.007
9.784
26,007
9,784
20.
Credltors: amounts fallin8 due wlthln one year
Group
2023
Company
2023
2022
20Z2
Amounts falling due within one year:
Trade creditors
Owed to group companies
Other taxation and social security
Other creditors
36.625
30,581
29.313
9,229
36,437
156,291
21,087
11,045
29,993
181,399
36,708
157,916
30,023
182.900
231.249
243,504
231.270
243,524

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
21.
Restrirted income funds
Movement in funds
Balance at
l January
2023
Balance at
Gains & 31 December
losses
2023
Incoming Resources
resources
expended Transfers
Scholarship Fund
Writers in Residence
Living Heritage Fund
Maartin Merten donations
Carnegie fund
Exhibition fund
House of Wisdom donations
COVID grants received
Golothan fund
NHMF Roof repairs
Other
825,986
96,022
18.211
1.681
85,266
20,627
319
190.691
167,740
56.393
15.000
495
16,9861 127.0011 112,964}
12.9021
115,7551
835,428
108,120
18,706
1,681
19,465
20,627
319
37,691
176,902
15,755
165,801)
1153.0001
11,1481
141,5001
119.0221
3,471
30.536
18.974
6,839
10.964
48
1,406,543
124,869
1306,1141
12341 16,1251
1,218,939
Scholarshlp fund breakdown
2023
2022
Canon Symonds
Bishop Moorman
Dr McGregor
General
Tom Jarman
Veronica Powles
The Lawton
The Drew
7.10
59,282
42,081
115,924
59,122
30,561
23,041
29,041
38,641
17,921
37,361
7,360
25,761
58,962
49,282
85,683
42,802
77,203
35.400
7.10
58,612
41,606
114,614
58,454
30,216
22,780
28,713
38,204
17,718
36,939
7,277
25,470
58,296
48,725
84,714
42,318
76,330
35,000
5.04
13.88
7.08
5.04
13.88
7.08
3.66
2.76
3.48
4.63
2.15
4.47
0.88
3.08
7.06
5.90
10.26
3.66
2.76
3.48
4.63
2.15
4.47
0.88
3.08
7.06
5.90
10.26
Dr Daisy Ronco
Richard Hills
Gladstone
Ernest Walder
Canon Denys Ruddy
Father John Thorold
Jim Cotter Trust
Stantan Memorial
Eileen Stamper
Jeffrey Engell
5.12
5.12
9.24
4.24
9.24
4.24
loo.00
835,428
loo.00
825,986

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
21. Restrirted income funds (continued)
Comparative information in respect of the preceding period is as follow5:
Movement in funds
Balance at
l January
2022
Balance at
31
December
2022
Incoming Resources
resources
expended Transfers
Gains&
losses
Scholarship Fund
Writers in Residence
Living Heritage Fund
Maartin Merten donations
Carnegie fund
Exhibition fund
House of Wisdom donations
Elizabeth Hilton legacy
COVID grants received
Golothan fund
Other
849.334
87,774
17.911
1,681
132.732
18,269
319
2,000
537.385
168,626
75,828
15.000
3Crf)
16.9161
16.7521
117.4191
192,260)
825,986
96,022
18,211
1,681
85,266
20,627
319
17.419
147.4661
2,358
12,0001
1354.6941
17411
11,3131
8.oIXI
956
1,313
190,691
167,740
11,ioii
1,816,031
103,755
1437.3011
17,419
193,3611
1,406,543
Scholarshlp Fund
Legacy funds, the majority of which. is invested with stockbrokers to fund scholarship students staying at the
library.
Writers in Residence
Sponsorship funds donated to cover the expenses of visiting authors and authors events.
Carnegie Fund
Funding to sponsor the Di8ltisation project of Gladstone papers.
COVID grants
Funding received to support the business during Coronavirus closure.
Golothan Fund
Funding received to fund a series of lectures at the library.

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
22.
Unrestrirted income funds
Movement in funds
Balance at
l January
2023
Balance at
Gains & 31 December
losses
2023
Incoming Resources
resources
expended
Transfers
Designated Funds
Investment reserve
The Gladstone Project
Wolfson Foundation
Sponsor a Shelf Funds
226.972
276,058
15.397
11.5241
18,9581
231,887
260,303
{15,7551
88.418
88,418
591.448
15.397
{1,5241
{15.7551 18,9581
580,608
General Fund
Trading company
reserve5
{3S8,438}
725,453
1963,8001
15,989
1580,7961
732,914
439,386
1126,7271
1,045,573
965,924 1.180.236 11.092.051)
234
18,9581
1,045,385
Comparative information in respect of the preceding period is as follows:
Movement In funds
Balance at
l January
2022
Balance at
Galns & 31 December
losses
2022
Incomlng Resources
resources
expended
Transfers
Designated Funds
Investment reserve
The Gladstone Project
Wolfson Foundation
Sponsor a Shelf Funds
236.537
282,958
120,000
88,418
17.494
10,S19
11.6111
125,4481
226,972
276,058
117,4191
{120,iXIOI
88,418
727.913
28.013
{121,611} {17.4191 125,4481
591,448
General Fund
Trading company
reserves
1496,067)
656.356
1518.7271
1358,4381
474.979
354.252
196,3171
732,914
706,825 1.038.621
1736.6551
117,4191 125,4481
965,924

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
22.
Unrestrirted income funds (continuedj
Investment reserve
Legacy funds invested with stockbrokers to cover day to day expenditure.
The Gladstone Project
The Gladstone Project was established on the centenary of the founder's death in 1998 in order to raise
additional funds necessary to enable the Trustees of G13dstone's Library to satisfy their objectives and to
develop Gladstone's Library and its facilities. In 2006 - 2008. an additional fundraising drive began to put
into place refurbishment, essential repairs and the continued development of Gladstone's Library. This new
fundraising drive attracted grants from Cadw, Heritage Lottery Fund and numerous Trusts as well as
individual sponsors. The work supported by these donors concluded in 2008. The ongoing development of
the Gladstone's Library continues, and funds and donations for new projects are held in the Gladstone
Project and Development Fund bank accounts. The Trustees consider monies held in these funds to be
designated for the ongoing development of Gladstone's Library whilst remaining within the total
unrestricted funds.
Wolfson Foundation
Funding received to support improvements made following Covid closure.
Sponsor a shelf
Funding to support day to day activities generated by sponsorship of a shelf in the library by individuals.
Tradlng company
Income generated from Gladstone Library Services Ltd, generated from Food for Thought and conference
income.
23.
Company Ilmlted by guarantee
The company is limited by guarantee and does not have a share capital. The liability of the directors of the
charity is such that it will not exceed £1. Due to the structure of the company, no one has control or
significant influence over the entity.
24.
Related party transartions
Gladstone's Library Services Ltd is a wholly owned subsidiary of the company. During the year Gladstone's
Library Services Ltd donated £312,65912022 - £257,935) to the company.
The balance due to Gladstone's Library Services Ltd at the year-end was £9,22912022- £11.0451.
Remuneratlon of key management personnel
The remuneration of key management personnel, including the Warden and Finance Manager, is as follows..
2023
2022
Total remuneration
68.948
63,299

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
25.
Cash generated from operations
2023
2022
Surpluslldeficitl for the year
{108,1431
1150,3891
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
Loss/lprofitl on the sale of fixed assets
37,937
174,3171
1,395
40,940
194,2791
Movements in working capital..
Ilncreaselldecrease in stocks
Ilncreaselldecrease in debtors
Ilncre3sel/decrease in creditors
182
116,2231
112,2541
190
12,0001
119,9841
Cash generated from/(absorbed by) operations
{171,4231
1225,5221
26. Analysls of net assets between funds
Group
Unrestrlcted
Restrlcted
Total
Fund balances at 31 December 2023 are represented by:
Intangible assets
Tangible assets
Investments
Current assets/lliabilitiesl
5,022
184,960
212,970
642,433
5,022
359,539
1,368,543
531,220
174,579
1,155,573
1111,2131
1,045,385
1,218,939
2,264,324
Company
Unrestricted
Restricted
Total
Fund balances at 31 December 2023 are represented by=
Intangible assets
Tangible assets
Investments
Current assets/{liabilitiesl
5,022
184,960
212,970
642,413
5,022
359,539
1,368,543
531,200
174,579
1.155,573
1111,2131
1.045,365
1.218,939
2,264,304

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
26.
Analysis of net assets between funds Icontinued)
Comparative information in respert of the preceding period is as follows=
Group
Unrestrirted
Restricted
Total
Fund balances at 31 December 2022 are represented bv:
Intangible assets
Tangible assets
Investments
Current assets/lliabilitiesl
5,552
189,316
217,927
553,128
5,552
383,292
1,355,839
627,783
193,976
1.137,912
74,655
965.923
1.406,543
2,372,466
Company
Unrestrlcted
Restrlcted
Total
Fund balances at 31 December 2022 are represented by:
Intangible asset5
Tangible assets
Investments
Current assets/lliabilitiesl
5,552
189,316
217,928
553,108
5,552
383,292
1,355,840
627,763
193,976
1,137,912
74,655
965.904
1,406,543
2,372,447
27.
Analysls of changes In net Idebt)/funds
At l January
2023
31 December
2023
Cash flows
Cash at bank and in hand
858,160
1124,8581
733,302
44 | Page

GLADSTONE'S LIBRARY
Notes to the Financial Statements
For the year ended 31 December 2023
28.
Prior period adjustment
Changes to the balance sheet:
At 31 December 2022
As previously
reported
Adjustment
As restated
Flxed assets
Investments
1,320,840
35,000
1,355,840
Income funds
Restricted funds
Unrestricted funds
1,3S9,715
977,752
46,828
111,8281
1,406,543
965,924
Total equlty
2,337,467
35,000
2,372,467
Changes to the statement of financial activities (including profit and loss account)
Year ended 31 December 2022
A5 previously
reported
Adlustment
As restated
Investment mana8ement costs
44,269
135,0001
9,269
Net movement In funds
1185.3891
35,000
1150,3891