Registered no: NIC104564
Belfast Library and Society for Promoting
Knowledge (The Linen Hall)
Annual report
for the year ended 31 December 2022

The Linen Hall
Annual report for the year ended 31 December 2022
Pages
Reference and administrative details
Governors, report
Independent auditor's report
8-11
Statement of financial activities
12
statement of financial position
13
Statement of cash flows
14
Notes to the financial statements
15-35

The Linen Hall
Reference and administrative details
Governors
President: Dr E Hughes, BA, MA, PHD
Vice-President: Ms L Maltman, BSC, Msc
Honorary Secretary: Ms K Blair. LLB, LLM, LARTPI
Honorary Treasurer:
Mr C Mccleane
(818)
(418)
(418)
(618)
Mr M Adair
Dr S Bridge, MA, MSC, PhD (from May 2022)
Ms K Hoey (to May 2022)
Mr G Lucy, BA Hons, PGCE
Ms S Mccartan. BA Hons, AClfA, FSA (London)
Mr J Mccartney. Msc
Dr P McGarry. DL. FRCPsych
Mr S McKee, BA
Mr J Mcvey. OBE, MBA, Msc (from May 2022)
Prof M O Mainnln, BA, MA, PhD
Prof O Purdue. BA. MA, PHD
Mr J Roberts (to May 2022)
Ms S Stevenson. ACR
[figur8 in brackets indicates attendance at Govgrnors, meotingsj
(018)
(214)
(114)
(418)
(418)
(618)
(518)
(618)
(1141
(418)
(218)
(314)
(418)
Principal office
17 Donegall Square North
Belfast
BT15GB
Charity number
NIC104564
Solicitors
Cleaver Fulton Rankin
50 Bedford Street
Belfast
BT2 7FW
Bankers
Danske Bank Limited
Donegall Square West
Belfast
BT16JS
Independent auditors
Finegan Gibson Ltd
Causeway Tower
9 James Street South
Belfast
BT2 8DN

The Linen Hall
Governors, report for the year ended 31 December 2022
The Library, which operates under the name of the Linen Hall Library, is legally known as the Belfast Library and
Society for Promoting Knowledge.
The Board of Governors, who are also the trustees of the Library, submit their annual report and the audited financial
statements for the year ended 31 December 2022. The Govemors have prepared the accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102, effective 1 January 2015).
Reference and administralion information
Details of the registered office, governors. independent advisers and other relevant infomiation are given on page 1.
Structure, governance and management
Govemors
The Governors are responsible for setting the Library's forward strategy and oversight of its business.
Governing document
The Library was founded in 1788 and is governed by its Constitution enacted in 1891 under the Educational
Endowments {Ireland) Act. 1885 and as subsequently amended.
In 2016, the Library was fomially registered as a charity by the new Charity Commission for Northem Ireland.
The Constitution is available on the Library website at www.linenhall.com.
Appointment of Governors
There is a maximum of frfteen Govemors of the Linen Hall Library who are elected by triennial rotation at the Annual
General Meeting and by the subscribing members of the Library. A Governor shall not be eligible for re-election after
having served successive terms of three years. until the lapse of a period of two years. The officers of the SoGiety
are also elected annually at the Governors, meeting immediately after the Annual General Meeting.
Recruitment of Governors
The Governors annually review the skills required by the Board and available to them and. when appropriate. use their
powers of co-option to fill gaps.
Governor induction and training
New Governors undertake an induction visit to the Library and are supplied with all key Library documentation. The
Library has arrangements in place to provide training for 811 its Governors on an annual bas1S.
Rlsk management
The Library has established a risk register which is reviewed by the Governors on a quarterly basis.
Risks arising from the relative weakness of the Library's financial position are being addressed in the context of the
ongoing business planning process.
The Governors will continue to review the finanGial risks that the Library faces and believe that increasing the free
reserves to £305,395 will provide sufficient resources in the event of adverse conditions {see Reserves policy on page
The Governors take the responsibility of monitoring financial risk management. The organisation is not signrficantly
exposed to price or credit risk. The organisation has a bank overdraft and the Govemors continually review thi5 debt
to ensure interest charges are minimised as far as possible.

The Linen Hall
Governors, report for the year ended 31 December 2022 (continued)
Structure, governance and management (continued)
Management
Responsibility for the day to day running of the Library lies with the Director and the Management Team. The Director
is responsible for ensuring that planned se]vices are delivered, that key performance indicators are met. and that
agreed procedures are operative.
Related parties
The Library is Lead Partner in The National Collection of Northern Ireland Publications (NIPR). The one part-time
employee of NIPR based at Ihe Linen Hall is employed and paid for by NIPR.
Objectives and actlvltles
Constitution and mission
The Library's Constitution at paragraph 11, and as amended in 2006, describes the 'Trusts of the Endowment. as
follows:
The Endowments and all other propety of or belonging to the Governors, or available for the purposes of this
Scheme, shall be held by them upon trust for the promotion of knowledge in Northern Ireland and for the benefit of
international scholarship, by the maintenance of a Library, and by such other means as the Society may from lime to
time deem it advisable to adopt.
The Library's mission statement is as follows:
The Linen Hall Library will advance knowledge and understanding, both locally and internationally. by developing.
preserving and interpreting its collections. with unique strengths in Irish and Local Studies, and widening access to an
historic library and cultural centre.
Objectives in 2022
The Library aimed to:
Develop the Linen Hall Library's standing on an international stage
Protect and develop new and existing Collections
Improve interpretation of the Collections
Widen access to an historic library and cultural centre
Contribute to cultural development in the UK and Ireland
Improve the financial sustainability ofthe Library

The Linen Hall
Governors, report for the year ended 31 December 2022 (continued)
Structurei governance and management (continued)
Achievements and perforniance
The Linen Hall was open to the public and members throughout 2022, having been closed until 23rd May in 2021 due
to Covid-19 restrictions. Fundraising trading activities which had been severely limited during the pandemic began to
approach pre-pandemic levels and membership numbers remained buoyant. This year also saw the delivery of
several projects for which grant funding had been received in 2021, and successful applications for further projects
Garrying on into 2023, all of which served to enhance the Linen Hall's contribution to society and to support its financial
sustainability.
Arts and cultural programming activity had been moved online when the Linen Hall building had to close,
resulting in a much stronger digital presence and wider social ne￿orking. There followed a successfLtI
application to the Dormant Funds account for £100,000 for the build of a digital platform. This build was
completed in 2022 and the digital platform was launched in October 2022.
The delivery phase of the extraORDINARYwomen digitisation project had begun in April 2020 and was
completed in 2022. This project Gonsiders women's social. economic and political development in Northern
Ireland from 1965 to the present day.
Other funded projects in 2022 included the Linen Hall Library Enlightenment Festival. "Years of Chaos 2nd
Hope" a Department of Foreign Affairs,. Reconciliation Fund project focusing on the years 1922, 1972 and
2022 in the history of Northern Ireland, and 'Perspectives on Partition and the Foundation of Northern Ireland
-1921-2021" funded by the Shared History Fund of the Northern Ireland Office.
The Linen Hall Library Endowment Fund continued to attract donations and all income generated is being
used to enhance the Library and its Collections, helping to ensure their future sustainability.
Foras na Gaeilge continued to support conservation and cataloguing of the Library's Irish Language collection
and provided funding for the digilisation of the Robert McAdam Comparative Lexicon.
Ulster-scots Agency funding allowed work to continue in conserving. cataloguing, and making accessible the
Gibson Collection of Ulster Scots material. as well as supporting the Ulster-scots Writing Competition.
Financial review
Results
In common with many other charities. the Library faces challenging economic times. and continuing efforts are being
made to increase revenue and to control costs. The Library has worked successfully with funders and bankers to deal
with the deficit going forward. The statement of financial activities for the year is set out on page 12.
The Library incurred a deficit of £515.747 in the year (2021- £30.333), before the impact of the actuarial gain on the
defined benefit pension scheme and a loss on revaluation of investments. The Library had net current assets of
£64.544 at the year-end12021.' £328.721).
Principal funding sources
The Library's key funders in 2022 were the Department for Communities which provided grants of £308.500 (2021".
£291,000) and the National Lottery Heritage Fund £156,571 (2021.. £375,656).
Reserves policy
The long-term objective of the Governors over a three to five-year period is to achieve a level of unrestricted funds not
invested in tangible or fixed assets (the free reserves) equivalent to three months. expenditure on the core a¢livities of
the Library. At the end of 2022 this equates to £305.395 (2021.. £260,497).
Taxation
The Library is a registered charity. and as such is entit18d to certain tax exemptions on income and profits from
investments, and 5urplu5es on any trading activities carried on in furtherance of the Library's primary objectives, if
these profits and surpluses are applied solely for charitable purposes.

The Linen Hall
Governors, report for the year ended 31 December 2022 (continued)
Financial review (continued)
Borrowings
The Library relies on an overdraft facility with Danske Bank. This facility was reviewed in 2022 and sufficient facilities
to meet projected cash flow requirements were approved. At the year end the Library had net assets of £81.069 at
Danske Bank (2021: £292,435); this was inclusive of £60,385 (2021.. £60,385) of funds (including gift aid and interest)
held for the Michael McLavety Trust (see page 5) and a balance on its current account of £20,432 (2021: £231.808).
Endowment funds
The Library administers the Michael McLaverty award and holds £60,385 in respect of this trust. This is an
endowment, the income from which is available lo the Library only for the specific purpose of running the biennial
Michael McLaverty Short Story Award.
In 2013. the Library launched ils Catalyst Endowment Fund, under which every £1 raised by the Library was matched
by a £1 grant from the Heritage Lottery Fund's Catalyst endowment programme. over a four-year period. Funds
raised under this programme are invested for a period of 25 years, and the income used to further the Library's
mission. The balance held in this fund at the year-end was £224,334 (2021- £255,502).
The New Linen Hall Library Endowment Fund was set up in 2018 to provide an income for the preservation and
conservation of the collections held within the Linen Hall Library. The balance held in this fund at 315t December 2022
was £74.172 (2021: £45,088).
Pension scheme
The Library operates a defined benefit scheme through NILGOSC. Prior to 2006 the Library's share of this scheme
could not be identified by NILGOSC and. in keeping with other such multi-employer schemes, the Library treated its
pension cost as if it were a defined contribution (rather than a defined benefit) scheme in accordance with accounting
standards.
In late 2006 NILGOSC separated each of the employer scheme details and. as a result. the Library complies with FRS
102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and incorporates the year end
surplus or deficit on the scheme in its balance sheet and the movement on the scheme within the Statement of
Financial Activities. At 31 December 2022 the scheme showed a surplus of £1,293.578. an improvement on the
£323,422 deficit in the previous year- this change arose from changes in assumptions used by the scheme actuary.
Plans for the future
A Business Plan for 2023 was approved by the Governors in January 2023. The Linen Hall was open to the public
and members throughout 2022, having been closed until 23id May in 2021 due to Covid-19 restrictions. Fundraising
trading activities which had been severely limited during the pandemic began to approa¢h pre-pandemic levels and
membership numbers remained buoyant. The Linen Hall continues to diversify its income and modernise its approach
whilst retaining its heritage values and Charitable mission. In the next few years new strategies will be developed to
enhance the Linen Hall's sustainability for the future.
Th8 Library aims to..
Develop the Linen Hall Library's standing on an international stage
Protect and develop new and existing Collections
Improve interpretation of the Collections
Widen access to an historic library and cultural centre
Contribute to cultural development in the UK and Ireland
Improve the financial sustainability of the Library

The Linen Hall
Governors, report for the year ended 31 December 2022 (continued)
statement of Governors, responsibilities
The Governors are responsible for preparing the Governors, Report and the financial statements in accordance with
applicable law and th8 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102, effective
1 January 2015).
The law applicable to charities requires the Governors to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the charity and of the incoming resources and application of
resources of the charity for that period. In preparing these financial statements. the Govemors are required to-
select suitable accounting policies and then apply them consistently;
observe the methods and principles in FRS 102,.
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unl8SS It is inappropriate to presume that the
charity will continue in busine5S.
The Governors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any
time the financial position of the charity and enable them to ensure that the financial statements Gomply with the
Charities Act (Northern Ireland) 1964 and under the Charities (Nl) Order 1987 and in accordance with the Educational
Endowments Act 1885. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and olher irregularities.
Statement of disclosure of information to auditors
So far as each of the Governors in office at the date of approval of these financial statements is aware-
there is no relevant audit information of which the Library's auditors are unaware,. and
they have taken all the steps that they ought to have taken as Governors in order to make themselves
aware of any relevant audit information and to establish that the Library'5 auditors are aware of that
information.
Independent auditors
A motion to reappoint the auditors will be proposed at the AGM.
By order
ard
Mr C. Mccleane
Honorary Treasurer
Date: 301h March 2023

The Linen Hall
Independent auditor's report to the Governors of The Linen Hall Library
for the year ended 31 December 2022
Opinion
We have audited the financial statements ofThe Linen Hall Library {the 'charity') for the year ended 31 December 2022
which comprise the statement of financial activities, statement of financial position, statement of cash flows and the
related notes, 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 FRS 102, The
Financial Reporting Standard applicable in the UK and 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 charity's affairs as at 31 December 2022 and of its incoming
resources and application of resources, including its income and expenditure, for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,.
have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2022.
Basls for oplnlon
We conducted our audit in accordan￿ with Intemational Standards on Auditing {UK) IISAS (UK)) and applicable law.
Our responsibilities under those standards are further described in the auditorfs 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 ststements in the UK. including the FRC'S Ethical Standard, and we have
fulfilled our other elhical responsibilities in accordance with these requirements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAS (UK} require us to report to
you where..
the trustees, use of the going concern ba515 of accounting in the preparation of the financial statements is not
appropriate-, or
the trustees have not disclosed in the financial statements any identified material uncertainties that may cast
significant doubt about the charity's ability to continue to adopt the going concern basis of
accounting for a period of at least twelve months from the date when the financial statements are
authorised for issue.
Other information
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 infomiation. Our opinion on the financial
Statements does nol 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.
In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing
so, consider whether the other information is materially incon5iStent with the financial stalements or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether there 15 a material misslatement in the financial
statements or a material misstatement of the other information. 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.

The Linen Hall
Independent auditor's report to the Governors of The Linen Hall Library
for the year ended 31 December 2022
Matters on which we are required to report by exception
In the light of Ihe knowledge and understanding of the charity and its environment obtained in the course of the audit.
we have not identified material misstalements in the trustees, report.
We have nothing to report in respect of the following matters in relation to which the Charities Act (Northern Ireland)
2022 requires us to report to you if, in our opinion:
•adequale accounting records have not been kept, or returns adequate for our audit have not been received from
branches not visited by us., or
•the financial statements are not in agreement with the accounting records and returns: or
•Gertain 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.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement. the trustees are responsible for the preparation of the
financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees
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 charity's ability to continue as a
going concern. disclosing, as applicable. matters related to going concern and using the going con¢em basis of
accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative
but to do so.
Auditor's responsibilities for the audit of the financial 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 (UK) 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 regulations. 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 detecting irregularitie5, including fraud is detailed below..
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 including the design of the
remuneration policies. key drivers for directors, remuneration, bonus levels and performance targets.
results of our enquiries of management about their own identification and assessment of the risks of irregularities-
any matters we identified having obtained and reviewed documentation of their policies and procedures relating to-
idenlifying, evaluating and complying with laws and regulations and whether management were aware of any
instances of non-compliance-
detecting and responding to the risks offraud and whether management have knowledge of any actual, suspected
or alleged fraud;
the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.
the matters discussed among Ihe audit engagement team including significant component audit teams and relevant
internal specialists. including tax and valualions specialisls regarding how and where fraud might occur in the financial
statements and any potential indicators of fraud.

The Linen Hall
Independent auditor's report to the Governors of The Linen Hall Library
for the year ended 31 December 2022
As a result of these procedures, we Considered Ihe opportunities and incentives that may exist within the organisation
for fraud and identified the greatest potential for fraud. In common with all audits under ISAS (UK), we are also required
to perform specific procedures to respond to the risk of management override.
We also obtained an understanding ofthe legal and regulatory frameworks in operation, 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 conSide￿d in this context included ongoing compliance with the UK
Companies Act and tax legislation.
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 for their ability to operate or to avoid a material penalty.
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional
scepticism throughout the audit. We also..
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,
design and perform audit procedures responsive to those risks. and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud
is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations. or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the cirCumstan￿s, but not for the purpose of expressing an opinion on the effectiveness of the internal
control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the
audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast
significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty
exists. we are required to draw attention in our auditor's report to the related disclosures in the financial statements
or. if such disclosures are inadequate, to modify our opinion. Our Gonclusions are based on the audit evidence
obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease
to continue as a going concern.
Evaluate the overall presentation. structure and content of the financial statements, including the disclosures. and
whether the financial statements represent the underlying transactions and events in a manner that achieves fair
presentation.
10

The Linen Hall
Independent auditor's report to the Governors of The Linen Hall Library
for the year ended 31 December 2022
Use of our report
This report is made solely to the charity's members, as a body. in accordance with section 65 of the Charities Act
(Northern Ireland) 2008. Our audit work has been undertaken so that we might state to the charity's members those
matters we are required to state to them in an auditor's 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 charity and the charity's members as a body,
for our audit work, for this report. or for the opinions we have formed.
CONOR DOLAN FCA
(Senior Statutory Auditor)
For and on behalf of
FINEGAN GIBSON LTD
Chartered Accountants & Statutory Auditors
Causeway Tower
9 James Street South
Belfast
BT2 8DN
Date: 30th March 2023

The Linen Hall
Statement of financial activities for the year ended 31 December 2022
Endow-
ment Unrestricted
Funds
Funds
2022
2022
Endow-
ment UnTeslricled Restricted
Funds
Funds
Funds
2021
2021
2021
Restricted
Funds
2022
Total
Funds
2022
Total
Funds
2021
Not85
Income and •ndowm•nts from
Donations and legaci8s
34,520
460.011
294,126
78B,657
352
682,111
694,662
1,377.125
Rental income
101,989
101.989
123.626
123,626
Income from Investments
8.767
91
8.858
8.226
334
8,560
Income from ¢haritablo
activities
other trading activities
othor Incamo
128,180
128.180
69.871
69,871
Total Ineome
34.520
698,947
294.217 1.027,684
352
883.834
694,996
1.579.182
Expèndltur• on
Rental expgnsgs
2,300
2.300
2.000
2.000
Expenditurè on raising funds
58.721
58.721
45.434
45,434
61.021
61.021
47.434
47,434
Expenditure on charitable
activities
Projects and events
Library operating costs
321,853
321,853
567.528
567,528
1.160.557
1.160,557
994.553
994,553
1.160,S57
321.853 1.482.410
994.553
567,528
1.562.081
Tatar èxpènditure
1.221,578
321,853 1,543.431
1.041.987
567.528
1.609.515
Nèt1gxpèndltur8)lJn¢ome
10
34.520
1522.6311
127,6361 {515.747)
352
1158.153)
127.468
(30,3331
Transfers between funds
14,4381
4,438
11.181)
1.181
Net lexpondlturelllncom
bgfor• rècognlsed galns and
losses
34.520
1527.0691
{23.1981 1515.7471
352
{159,3341
128.649
130.333)
Net1105sesygalns on
investments
Gain on revaluation of fixed
assets
Actuarial gains on defined benefit
pen510FI schgm
12
{36.6041
136.6041
29.296
29.296
14
31
1.818.000
1.818.000
684.000
684.000
Not mov8mont In fund$
12.084)
1.290,931
{23.1981 1.265.649
29.648
524.555
128,649
682,963
Fund balance brought foThvaTd
361,075
6,615.515
390.515 7.367.105 331,427
6.090.849
261.866
6,684,142
Total funds carrled forward
358,991
7,906.446
367.317 8,632.754 361,075
6.615,515
390.515
7.367,105
The statement of financial activities includes all gains and losses recognised in the year.
Atl income and expenditure derive from Gontinuing activities.
12

The Linen Hall
Statement of financial position as at 31 December 2022
2022
2021
Notes
Fixed assets
Tangible assets
Heritage assets
Investments
13
4.251,708
2,759,850
263,074
4,303,079
2,759,850
299,678
14
15
7.274,632
7,362,607
Current assets
Stocks
16
16,367
114,544
81,869
212,780
{148,236)
64,544
17,230
217,599
294,928
529,757
1201,036)
328,721
Debtors
17
Cash al bank and in hand
Creditors: amounts falling due within one year
Net current assets
18
Creditors: amounts fallin
due after one
ear
Net assets excluding pension asseU(liability)
Pension assetl(liability)
Net assets including pension as$eV(liability)
20
801
7,690,527
1323,422)
7,367,105
7,339,176
1,293,578
8,632,754
31
Funds
Unrestricted funds:
General fund
22
870,434
7,036,012
7,906,446
367,317
358,991
8,632,754
{420,497)
7,036,012
6,615,515
390,515
361,075
7,367,105
Revaluation fund
22
Re5triGted fund5
23
Endowment funds
24
Total funds
25
The financial statements on pages 12 to 35 were approved by the Board on 30th March 2023 and were Signed on
its behalf by..
Mr C Mccleane
Honorary Treasurer
Dr E Hughes
President
13

The Linen Hall
Statement of cash flows for the year ended 31 December 2022
2022
2021
Notes
Cash flows from operating activities
Cash flows from invesling activities
Interest income
Dividend income
Purchase of tangible fixed assets
Purchase of investments
Cash used in investing actlvities
29
(96,159)
267,875
450
8,408
(112,861)
242
8.318
{13,5301
(6,5501
{11,520)
(104,003)
Cash flows from financing activities
Interest and fees paid
Cash used in financing activities
(12,897)
{12.897>
(17,262)
(17,262}
Increasel{decrease} in cash and ¢ash equivalents in the
ear
(213,059)
239,093
Cash and cash e
uivalents at the be
innin
of the
ear
30
294,928
55,835
Total cash and cash equivalents at the end of the year
30
81.869
294,928
14

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
Accounting policies
ststement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland,. the 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 (FRS 102) (Charities SORP IFRS 102)) and the Charities Act (Northern Ireland) 2008.
The charity meets the definition of a public benefit entity under FRS 102.
Judgements and key sources of estlmatlon uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions
that affect the amounts reported. These estimates and judgements are continually reviewed and are based on
experience and other factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Incoming resources
All incoming resources are included in the statement of financial activities when the Library is legally entitled to the
income and the amount can be quantified with r8asonable accuracy.
Voluntary income
Legacies
Legacies are recognised when received or when their amount is capable of measurement.
Donation5
Donations are included in full when received.
Grants
Revenue grants are credited to incoming resources on the earlier date of when they are received or when
they are receivable, unless they relatè to a specified future period, in which case they are defer￿d.
Grants for the purpose of capilal expenditure are credited to restricted incoming resources when receivable
and transferred to unrestricted funds on purchase of asset.
Activities for generating funds
Voluntary income
Annual subscriptions are included as voluntary income and are accounted for on an accrua15 basis.
other income
Other income is included in full in the Statement of Financial Activities when received.
Investment income
Investment income is accounted for when received.
Fundraising income
Fundraising income is accounted for when received.
Resources expended
All expenditure is accounted for on an accruals basis and has been Classified under headings that aggregate all
costs related to the category.
Llbrary operating costs
Library operating costs are those incurred in connection with administration of the Library and compliance
with constitutional and statutory requirement
15

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
Accounting policies (continued)
Irrecoverable VAT
Any irrecoverable VAT is charged to the statement of financial activities or capitalised a5 part of the cost of
the related asset, where appropriate.
Penslons
The Library operates a defined benefit scheme through the Northern Ireland Local Government Officers,
Superannuation Committee (NILGOSC) for specific employees. The assets of the Scheme are held
separately from those of the Library.
The Library has adopted FRS 102 in these financial statements. Pension scheme assets are measured
using market value. Pension scheme liabilities are measured using the projected unit method and
discounted at the current rate of return on a high-quality corporate bond of equivalent term to the liability.
The increase in the present value of the liabilities of the Library's defined benefit pension scheme arisi ng
from employee service in the period is charged to operating profit. The expected return on the scheme's
assets and the increase during the period in the present value of the scheme's liabilities arising from the
passage of time are included in other finance costs. Actuarial gains and losses are recognised in the
statement of financial activities.
Tangible assets
The cost of tangible fixed assets is their purchase cost, together with any incidental costs of acquisition.
Depreciation is calculated so as to write off the cost, or valuation. of tangible fixed assets, less their estimated
residual values, on a strai9ht-line basis over the expected useful economic lives of the assets concerned. The
principal annual rates used are as follows..
Buildings
Leasehold improvements
Fixtures & fittings
Computer equipment
10
15
33
When circumstances dictate, an impairment review is carried out. Land and buildings are revalued on a regular
basis by a suitably qualified individual. The Library ensures that a full valuation is undertaken every five years.
The resulting revaluation gains or losses are recognised in the statement of financial activities and result in a
movement on revaluation reserves to the extent that they result in gains or offset previous gains. If the revaluation
results in a loss greater than previously recognised revaluation gains, the excess loss will be charged to the
statement of financial activities.
Heritage assets
The heritage assets are held by the Library in support of the primary obj8ctive of the charity to promote knowledge
in Northern Ireland and for the benefit of international scholarship. Heritage assets are recognised and measured
(including the treatment of revaluation gains and losses) in accordance with Ihe Library'5 policy on other fixed
assets. The heritage assets held by the charity consist of various collections of books and periodicals covering
wide range of topics relating largely to Irish history including some documents over three hundred years old. The
collections are carried at a current valuation. The collections are deemed to have indeterminate lives and a high
residual value and therefore depreGiation has not been charged. The carrying amounts of the assets are reviewed
when there is evidence of impairment and any impairment is recognised in accordance with the Library's general
policy on impairment.
stocks
Stocks are stated at the lower of cost and net realisable value.
16

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
Accounting policies (continued)
Fund accounting
The Library has various types of funds for which it is responsible. and which require separate disclosure. A definition of
the various types of funds is as follows..
Unrestricted funds
Funds which are expendable at the discretion of the Library, in furtherance of the purpose of Ihe Library. In
addition to expenditure on activities, such fund5 may be held in order to finance capital inveslment and working
capitsl.
Restricted funds
Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which
meets these criteria is charged to the fund, together with a fair allocation of overheads and support costs.
Endowment funds
Pemianent endowment funds are restricted funds where a donor has specified that only income arising
from the donation can be used by the Library. This income is restricted for the particular purpose specified
by the donor.
Going Concern
The Governors believe it is appropriate that the financial statements for the Library are produced on a going
concem basis due to the following..
The Govemors are confident that the Museums and Libraries BranGh, within the Department for
Communities, and Belfast City Council will continue their respective grant assistance to the Library
for the foreseeable future.
The Governors believe that Library membership will continue at current levels.
The Library is committed to monitoring and controlling expenditure to ensure the long-term viability
of the Charity.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the GontraGtual
provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or
payable including any related transaction Costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be
paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can oth8rwise be measured reliably. the
investment is subsequently measured at fair value with changes in fair value recognised in income and
expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments. including derivatives, a￿ initially recognised at fair value. unless payment for an asset
is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case
the asset is measured at the present value of the future payments discounted at a market rate of interest for a
similar debt instrument.
Other financial instruments are subsequently measured al fair value. with any changes recognised in the statement
of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amort15ed Gost are reviewed for objective evidence of impaimienl at
the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under
the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all 8quity instruments regardless of significance, and other financial assets that are individually significant.
these are assessed individually for impairment. Other financial assets are either assessed individually or grouped
on the basis of similar credit risk characteristics.
17

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
Accounting policies (continued)
Any reversals of impairment are recognised immediately. to the extent that the reversal does not result in a carrying
amount of the financial asset that exceeds what the carrying amount would have been had the impairment not
previously been recognised.
Donations and legacies
Endowment
Unrestricted
Restricted
2022
2021
Donations and legacies
Members, subscriptions
(see below)
Grant5 (see below)
34.520
21,606
130,621
56,126
130,621
126,955
125.831
307,784
460.011
294.126
294,126
601,910
788,657
1.124,339
1.377,125
34.520
Members. subscriptions
2022
2021
Members. subscriptions
Income tax reclaimable on subscriptions
116,440
14,181
130,621
112,066
13,765
125.831
Grants
Endowment
Unrestrrcted
Restricted
2022
2021
Arts Council of Nl
National Lottery Heritage Fund
Dormant Funds Account
14,343
129.037
14,343
156,571
9,879
375.656
99,900
49.252
291.000
45.437
38.310
27.534
Belfast City Council
Department for Communit18S
SEUPB
32,250
246,000
2.156
62,500
(177)
33.715
34,406
308,500
(177)
33,715
DOFA,. Reconciliation Fund
Coronavirus Job Retention
Scheme
Ulster Scots Agency
Departmenl of Finance Localised
Restrictions
Pilgrim Trust
Foras Na Gaeilge
Tourism Nl
46,897
81,588
32,312
32,312
34.058
10.000
10.000
10,000
10.000
21.658
27.704
1.000
2,000
1.124,339
Nl Museums Council
NIPR
240
240
2,000
601,910
2.000
307.784
294.126
In accordance with recommended practice, income received in advance is not deferred, but recognised in the
period in which it is received.
18

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
Income from investments
2022
2021
Dividends receivable
Interest receivable
8,408
450
8,858
8,318
242
8,560
Other trading activities
2022
2021
Sale of books
Library books and publications
48,046
28,353
Sales of services
Coffee shop
Photocopying and fax
Telephone & Intemet
Postage
Cultural programming
Royalties
Facility fee5
Fundraising events
35,618
313
6,001
78
4,989
4,027
1,062
1,216
3,054
7,913
52,860
11,411
Sale of products
Books. prints and pamphlets
other products
Girt shop items
5,104
1,960
20,210
27,274
128,180
2,799
18,223
9.085
30,107
69,871
Totsl
19

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
Expenditure on raising funds
2022
2021
Merchandising costs (see below)
Book fund (see below)
Charity shop
8,976
16,494
33,251
58,721
5,818
10,936
28,680
45,434
2022
2021
Merchandising costs
Prints. books and pamphlets
Coffee shop purchases
Gift shop expenditure
1,423
1,769
7,207
8,976
4,395
5.818
2022
2021
Book fund
Irish
General
9,840
6,654
16,494
4,843
6,093
10,936
20

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
Projects and events
2022
2021
Cultural Programming
extraORDINARYwomen (includes salary costs of £14,448 {2021: £142,165)
Peace IV- Making the Future (includes salary costs of £Nil (2021: £21,538))
National Lottery Heritage Fund - Covid-19
National Lottery Heritage Fund Heritage Recovery (includes salary costs of
£Nil (2021.. £5.400))
National Lottery Heritage Fund - CRESI Museum Engagement (includes
salary costs of £17,754 (2021.. £Nil))
Arts Council Nl - Covid-19
Arts Council Nl - Jimmy Ellis
Arts Council Nl - Home of Poetry (includes salary costs of £2,989 (2021:
£Nil)}
Department for Communities - Museum Collections
Department for Communities Irish Children's Collection
Department for Communities - Linen Hall Re-branding
Department for Communities ~ Replace Guttering
Department for Communities - Ulster-scots Digitisation (includes salary
costs of £3.180 (2021.. £Nil))
Department of Foreign Affairs; Reconciliation Fund (includes salary costs of
£22,141 (2021.. £Nil))
Dormant Accounts Fund - Linen Hall Digital Plafform
Shared History Fund (includes salary costs of £4.834 (2021: £16,917))
Foras na Gaeilge (includes salary costs of £Nil (2021.. £3.675))
Health, Safety and Governance
Repairs and Renewals
Enlightenment Festival 2022 (includes salary costs of £2.322 {2021: £Nil))
Pilgrim Trust- Art Unlocked (includes salary cost5 of £10,000 (2021: £Nil))
Belfast City Council Access and Inclusion
Ulster-scots Agency- Burns in Ulster (includes salary costs of £18,000
(2021.. £18,000))
Ulster-SGots Agency- Ulster-scots Writing Competition (includes salary
costs of £1.000 (2021: £Nil))
Ulster-scots Agency- Conservation and Storage
Ulster-scots Agency- Covid-19 small project
Ulster-scots Agency- Language project
Ulster-scots Agency- Cataloguing project (includes salary costs of £4,650
(2021.. £Nil))
Defibrillator and training
National Museums Nl
Nl Museums Council
McLaverty Short story Award
2,571
41,330
(22)
279,113
60,771
4,499
62,757
3,260
17,754
1,742
1,500
2,832
8,086
7.143
758
10,800
25,543
3,180
7,143
3,194
37,933
33,334
14,043
5,179
2,468
10,992
50,789
10,000
3,620
21,668
36.641
29.349
3.698
10.992
8.480
14,284
18,253
3,285
2.184
4,626
3.000
9,250
4,650
159
241
378
98
321,853
1,000
4,832
567,528
Project and events costs include £101,318 (2021: £207,695) of staff costs.
21

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
Library operating costs
2022
2021
Charitable operations
Information technology
Training
Advertising & PR
Support costs (Note 8)
Travel & subsistence
Conservation
50,288
1,770
4,462
195,594
1,152
1,131
254,397
41,770
1,480
2,193
194.421
311
870
241,045
Establishment
Rent and rates
21,211
22,844
34,768
45,938
124.761
18.422
16,406
14,075
36,979
85.882
Insurance
Light and heat
Repairs and maintenance
Depreclatlon
Building
Fixtures and fittings
Computer equipment
87,600
617
87,600
617
19.133
107,350
674,049
1,160,557
19,080
107.297
560,329
994,553
Staff costs (note 9)
Total
22

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
8 Support costs
2022
2021
Administration
stationery
Printing
Photocopying
Postage
Telephone, fax and internet
Information technology
Miscellaneous
3,953
7,334
3,280
1,348
9,052
18,878
1,511
45.356
3.876
3.807
940
2.191
8.032
15,320
589
34,755
Governance
Audit and related fees
6,718
20.030
26.748
7,450
32.494
39,944
Legal & professional fees
Financial expenses
Bank charges
Bank interest
1,676
399
1.357
355
Visa paypoint fees
Other Interest
1,220
3,602
6,000
12,897
110,593
195,594
334
4,216
11,000
17.262
102.460
194,421
Other finance costs (see below)
Staff costs (note 9)
Total
other finance costs
2022
2021
Expected return on pension scheme
Interest on pension scheme liabilities
Net return
136,000
(142,000)
(6,000)
88,000
(99,000)
(11,000)
23

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
Staff costs
Total
2022
Total
2021
Unrestricted
Restricted
Salaries
480,761
40,464
290,339
811,564
79,141
7,440
14,737
101.318
559,902
47,904
305,076
912,882
552,190
44.903
296,535
893,628
SoGial security costs
Pension costs
Analysis of staff costs
2022
2021
Projects
Library:
Charitable operations
Charity bookshop
- Support
101.318
207.695
674,049
26,922
110,593
912.882
560,329
23,144
102,460
893,628
The average number of employees. calculated on a full-time equivalent basis, analysed by function was..
2022
2021
Number
Number
Projects
Charitable operations
Charity bookshop
Support
13
19
20
No employee had employee benefits (excluding employer pension costs) in exGess of £70,000 (2021: £70,000).
Governors are not remunerated for services to the Library (2021: £Nil), and there were no Governors, expenses
incurred (2021: £Nil).
The key management personnel of the Library ¢ompri5e the Governors, the Director, the Librarian and Ihe Finance
Manager. The totsl employee benefits of the key management personnel of the Library were £202,33012021:
£191.255).
Indemnity insurance for Governors, liability has been purchased by the Library at a cost of £1,780 (2021-. £1,711).
24

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
10 Net incomel(expenditure)
2022
2021
Net incomel(expenditure) is stated after charging:
Depreciation on owned assets
Auditors, remuneration..
164,232
132.159
audit services
6.124
405
6,000
405
non-audit services
Other operating lease rentals
11 Transfers between funds
Endowment
Funds
Unrestricted
Funds
Restri¢ted
Funds
Projects
General Fund
4,438
(4,438)
(4,438)
4,438
The transfer from unrestricted to restricted funds represents net overspending on funded projects.
12 Net {losses)Igains on investments
2022
2021
Catalyst Endowment Fund
New Linen Hall Library Endowment Fund Endowment funds
(31,168)
{5,436)
(36,604)
24,489
4,807
29,296
25

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
13 Tangible fixed assets
Land &
building
Leasehold
Improvements
Fixtures &
fittings
Computer
equipment
Total
Cost or valuatlon
At 1 January 2022
Additions
At 31 December 2022
4,380,000
14.840
323,735
286.608
112,861
399.469
5,005,183
112.861
5,118,044
4,380,000
14.840
323,735
Accumulated
depreGiation
At 1 January 2022
Charge for the year
At 31 December 2022
175,200
87,600
262,800
14,840
241.380
23,888
265,268
270.684
52,744
323,428
702,104
164.232
866,336
14,840
Net book amount
At 31 December 2022
4,117,200
4,204,800
58,467
82,355
76,041
15.924
4,251.708
4,303,079
At 31 December 2021
The Library's freehold and long leasehold properties were revalued at 31 December 2019 on the basis of open
market value and open market rental value for existing use. by Mcconnell Chartered Surveyors and the revaluation
adjustments of £480.000 to cost and £390.000 to accumulated depreciation together resulted in a gain on
revaluation of £870,000. The valuations were undertaken in accordance with the Appraisal and Valuation Manual of
the Royal Institute of Chartered Surveyors in the United Kingdom. The net book value of freehold and long
leasehold properties at 31 December 2022 based on historical cost, had there been no revaluations, would have
been £2,396,800 (2021.. £2,482,400).
Fixed assets totalling £100,000 were purchased through capital grant funding in the year.
Land & Leasehold
Office
Computer
building improvement Equipment Equipment
Total
Cost or valuation at 31 December
2022 is represented by
Cost
14.840
323,735
399,469
738.044
4.380.000
5,118,044
Valuation
4.380.000
4,380,000
14,840
323,735
399,469
No deferred tax has been provided for since the Library is a charity and therefore not subject to corporation tax.
14 Heritage assets
2022
2021
Books and Periodicals at 31 Decernber
2,759,850
2,759,850
The books and periodicals We￿ valued as at 31 December 2020 by de Burca Rare Books, Antiquarian
Booksellers.
26

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
15 Investments
Cash or cash
equlvalents
Listed
Investmenls
Cost or valuation
Total
At 1 January 2022
Capital introduced
Sale of investments
358
299,320
299,678
1,360
(351)
{1,009)
351
Charges net of equalisation
Fair value movements
{351)
(36,604}
263,074
(36,604)
261,707
At 31 December 2022
1,367
All investments shown above are held at valuation.
16 Stocks
2022
2021
Goods for resale
16.367
17.230
17 Debtors
2022
2021
Trade debtors
4,617
5,596
104,331
114,544
5.694
35,434
176,471
217.599
Other debtors
Prepayments and accrued incom8
Included in Prepayments and accrugd income is an amount of £15.436 {2021- £117.573) relating to accrued grants
receivable.
18 Creditors: amounts falling due within one year
2022
2021
Bank overdraft
Trade creditors
40,853
33.818
51,411
22.154
148.236
80.832
61,413
48.465
10.326
201,036
other creditors and accruals
Deferred income (Note 19)
Taxation and social security
27

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
19 Deferred income
At 1 January 2022
Amount released to income
Amount deferred in year
At 31 December 2022
48,465
{48.465)
51.411
51,411
Deferred income comprises rental income and membership subscriptions received in advance.
20 Creditors: amounts falling due after one year
2022
2021
Obligations under finance leases
801
21 Contingencies
A contingent liability exists to repay grants and funds received should certain conditions not be fulfilled by the
charity. In the opinion of the Governors. the terms of the letters of offer have been, or will be, complied with and no
liability is expected.
22 Unrestricted funds
General
Fund
Revaluation
Fund
Total
Balance at 1 January 2022
Net outgoing resources for the year
Transfer to restricted funds
Actuarial gains on defined benefit scheme
BalanGe at 31 December 2022
(420.497)
(522,631)
{4.438)
1,818.000
870,434
7.036,012
6.615,515
(522,631)
(4,438)
1,818.000
7,906,446
7,036,012
Unrestricted general funds include an asset of £1,293.578 (2021: liability of £323,422) in respect of pension
Scheme assetslliabilities of the pension fund.
28

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
23 Restricted funds
Balance at
1 January
2022
Balance at
31 December
2022
Incoming
Resources
Project
Expenditure
Transfers
(Note111
Cultural Programming
McLaverty Trust
Theatre Archive
(2,571)
(98)
2,571
9,522
3,087
32,658
91
9,515
(3,087)
extraORDINARYwomen
33,870
{177)
49,904
45,263
(41,330)
25,198
Peace IV- Making the Future
NLHF-CRESI Museum Engagement
NLHF- GFA Origins and Legacies
NLHF- Heritage Recovery
Dfc - Museum Collections
Dfc - Irish Children's Collection
DfC- Linen Hall Re-branding
DfC- Replace Guttering
Dfc - Ulster-scots Digitisation
Dfc Charities Fund - Covid-19
Linenopolis
Foras na Gaeilge
Health, Safety and Governance
Repairs and Renewals
Arts Council Nl - Jimmy Ellis
Arts Council Nl- Home of Poetry
Belfast City Council-Access Inclusion
Belfast City Council - Bu5. Recovery
Ulster-scots Agency- Burns in Ulster
Ulster-scots Agency- Writing Comp.
Ulster-scots Agency- Consetvation
Ulster-scots Agency- Language
Ulster-scots Agency- Cataloguing
Dormant Accounts Fund- Digital
Platform
NIO Shar8d History Fund
Enlighlenment Festival
Department of Foreign Affairs.
Reconciliation Fund
Pilgrim Trust- Art Unlocked
Nl Museums Council
Defibrillator and Training
GRC - Partition Poetry
British Council Nl
National Museums Nl - Live Well
177
(17,754)
32,150
45,263
9,616
35,279
5,906
4,200
12,876
42,422
6,664
15,000
(3.260)
(7.143)
(758)
(10.800)
(25,543)
(3.180)
25,000
22.500
543
19,320
9,261
9,261
14
(14)
12.681
2,468
38.840
700
10.000
(5,179)
(2,468)
(10,992)
(2.832)
(8,086)
(3,620)
17,502
27,848
(300)
608
1,832
8.694
556
(3,0521
(110)
9.340
7.816
274
2,691
110
(3,425)
20,000
10.000
{21,668)
(3,285)
7,672
14,531
274
(2,312)
4,650
2.312
(4,650)
99,900
14,659
33,770
(33,334)
(14,043)
(50,789)
66,566
616
5,230
22,249
38,310
33,715
10,000
240
(37,933)
(10,000)
(378)
(159)
34,092
138
554
395
150
(1501
{2341
{139)
4,438
234
139
390,515
294,217
(321,853)
367,317
29

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
23 Restricted funds (continued)
Cultural Programming - Using the Library's historical position as a cultural leader in Northern Ireland lo showcase
and nurture the artistic and cultural life of all in the community
McLaverty Trust- Biennial award to foster and encourage the art of the short story in Ireland
extraORDINARYwomen - Digitisation, collection enhancement, outreach and oral history project, exploring the
èvolution of women's lives in Northern Ireland since 1965
Making the Future- Led by the Nerve Centre and in collaboration with the Publi¢ Record Office of Northern
Ireland, aiming to uncover women's stories from the archives
NLHF- Covid Recovery Employment and Skills Initiative for Heritage- Museum Engagement
NLHF- Good Friday Agreement- Origins and Legacies project
NLHF - Covid-19 Heritage Recovery Fund- core support and preparation for re-opening
Department for Communities - Museum Collections - enhanced collection care and conservation
Department for Communities - Irish Children's Collection - to establish an Irish children's library
Department for Communities - Linen Hall Library Re-branding- Consultancy costs
Department for Communities - Replace Guttering - to replace original. damaged guttering
Department for Communities- Ulster-scots Digitisation - to digitise part of Ulster-scots collection
Department for Communities- Covid-19 Charities Fund- to contribute to rewopening costs
Foras na Gaeilge- conservation of the Linen Hall Library's Irish Language collections
Health & Safety and Governance - Capital items for purposes of health & safety and governance
Repairs and Renewals- Capital items for the upkeep of the Linen Hall's historic building
Arts Council Nl- Home of Poetry project and Jimmy Ellis project
Belfast City Council Access and Inclusion - Emergency evacuation chairs and hearing loop system
Ulster Scots Agency - Burns in Ulster- Conservation of the Library's Gibson Collection
Ulster Scots Agency- Ulster Scots Writing Competition, Conservation and Storage. Covid-19. Language and
Cataloguing projects
Dormant Accounts Fund - Building a new Linen Hall Library digital platform
NIO Shared History Fund Perspectives on Partition and the Foundation of Northern Ireland -1921-2021
Enlightenment Festival- wide-ranging programme of performances, art installations, talks and debates
Department of Forelgn Affairs; Reconcillatlon Fund- Years of Chaos and Hope project and Borders and
Boundaries project
Pilgrim Trust- Art Unlocked- documentation project to increase accass to the Linen Hall's art collection
Nl Museums Coun¢ll - Acquisition of museum piece
Defibrillator and Training - Provision of defibrillator in the Library city and training of staff in its use
30

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
24 Endowment funds
Balance at
1January
2022
Income
(Lossesllgains
on investments
Balance at
31 December
2022
McLaverty Trust
Catalyst Endowment Fund
New Linen Hall Library Endowment Fund
Linen Hall Library Fund
60,385
255,502
45,088
100
60,385
224,334
74,172
100
(31,168)
(5,436)
34,520
361,075
34,520
(36.604)
358,991
25 Analysis of net assets between funds
Endowment
Funds
Unrestricted
Funds
Restricted
Funds
Total
Funds
Fund balances at 31 December 2022
are represented by:
Tangible fixed a55ets
Heritage assets
Investments
4,127,600
2,759,850
124,108
4,251,708
2.759,850
263,074
64,544
263,074
95,917
Net current assetsl(liabilities)
Long term liabilities
Pension asset
(274,582)
243,209
1,293,578
7.906,446
1,293,578
8,632,754
Total net assets at 31 December 2022
358,991
367.317
26 Financial commitments
At 31 December the Library had annual commitments under non-cancellable operating leases expiring as follows:
Office equipment
2022
2021
In less than one year
In more than one year. but not more than 5 years
6,323
10,569
6,323
16,892
16,892
23,215
27 Related parties
The Library is Lead Partner in The Nalional Collection of Northern Ireland Publications (NIPR). The one part-time
employee of NIPR based at the Linen Hall was employed and paid for by NIPR. The Library received £2,000 (2021:
£2.000) from NIPR as its contribution to the cosl of running th8 integrated library system. offsite storage and
material processing.
31

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
28 Post-balance sheet events
There have been no events occurring after 31 December 2022 which require disclosure.
29 Reconciliation of net movement in funds to net cash flow from operating activities
2022
2021
Net movernent in funds
Add back depreciation charge
Less gain on revaluation of fixed assets
Add lossl(gainl on investments
Deduct investment income shown in investing activities
Add back interest paid shown in financing activities
Decreasel(increase) in stock
Decreasel(increase) in debtors
(Decrease)lincrease in creditors falling due within one year
(Decrease)lincrease in creditors falling due after one year
(Decrease)Ilncrease in pension liability
Net cash provided by operating activities
1.265,649
164,232
682.963
132,159
36.604
(8.858)
12.897
863
(29.296)
{8,560)
17,262
(7,772)
(79.8171
56,198
(14,262)
(481,000)
267.875
103,055
(52,800)
(801)
(1,617,000)
(96,159)
30 Cash and cash equivalents at 31 December
2022
2021
Term deposit at Danske Bank
Petty cash
Divided Society current account at Danske Bank
Cash account at Cunningham Coates
Bank balanc81(overdraft) at Danske Bank
Total cash and cash equlvalents
60,626
17
60.626
24
783
2,469
231,808
294.928
20.432
81.869
32

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
31 Pension commitments
The Library operates a defined benefil scheme with assets held in separate trustee administered funds.
An actuarial valuation of the defined benefit pension scheme using the projected unit basis was carried out at 31
December 2022 by Aon Solutions UK Limited.
Defined benefjt scheme
The amounts recognised in the statement offinancial position are as follows..
2022
2021
£'ooo
£'ooo
Defined benefit obligation
Fair value of plan assets
Net defined benefit assetl{liability)
Net amount recognised at year end
(4,603)
5,896
1,293
1,293
(7.136)
6,812
1324)
1324)
The amounts recognised in comprehensive income are:
The current and past service costs. settlements and curtailments, together with the net interest expenses for the
year are included in profit or loss. Re-measurements of the net defined benefit liability are included in other
comprehensive income.
2022
2021
Service cost:
£'ooo
£'ooo
Current service cost (net of employee contributions)
Administration expenses
Net interest expense
Charge recognised in profit or loss
304
294
313
308
Re-measurements of the net liability:
Retum on scheme a55ets (excluding amount included in net interest
expense)
Actuarial gains
Credit recorded in other comprehensive income
1,057
(427)
(2,875)
(1,818)
(257)
(684)
Total defined benefit credit
{1.505)
(376)
33

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
31 Pension commitments (continued)
The princlpal actuarial assumptions used were:
2022
2021
Liability discount rate
Inflation assumption- CPI
Rate of increase in salaries
Revaluation of deferred pensions- CPI
Increases in pensions for payment
Proportion of employees commuting pension for cash
4.70 /0
2.00 %
2.70 /0
4.20 /0
2.70 /0
2.60Q/o
2.60 /•
2.600
2.70 %
The mortality assumptions used were:
31 December 2022
31 December 2021
Average expected future life at age 65 for
Male currently aged 65
Female currently aged 65
Male currently aged 45
Female currently aged 45
21.8
21.9
25.0
25.1
23.2
23.3
26.4
26.5
Reconciliation of scheme assets and liabilities
Assets
£'ooo
6,812
(144)
Llabilities
£'ooo
(7.136)
144
Total
£'ooo
{324)
At start of period
Benefits paid
Administration expenses
Current service cost
(3)
{304)
(3)
{304)
112
Contributions from the employer
Contributions from employees
Interest incomel(8XP8nse)
Return on assets {excluding amount included in
net interest expens8)
Actuarial gains
112
37
{37)
(142)
136
(6)
{1,057)
(1,057)
2,875
(4,603)
2.875
1,293
5,896
34

The Linen Hall
Notes to the financial statements for the year ended 31 December 2022
31 Pension commitments (continued)
The return on plan assets was:
2022
2021
£'ooo
£'ooo
Interest income
Return on plan assets (excluding amount included in net interest expense)
Total return on plan assets
136
88
(1,057)
(921)
427
515
The major Categorles of scheme assets are as follows:
2022
2021
£'ooo
£'ooo
Equities and Alternatives
Property
Gilts
2,359
660
2.929
681
1,215
1,805
Multi A55et Credit
Cash
383
307
Fixed Interest Bonds
177
858
other
318
232
5,896
6,812
35