Gibson Library | 2019 - 2020 | 2018 - 2019 | ||||
|---|---|---|---|---|---|
| Income £ |
Expense £ |
Income £ |
Expense £ |
||
| Memberships Donations general Gibson Walden Fund Gift Aid Refund Postcard sales Photography licences Visit Income Visit Expenses Website Speakers Secondhand laptop Dehumidifier Rebranding costs (Note 1) Rebindings (Note 2) Christmas events Other events Subscription to ILA Secretarial Sundry Insurance Sign restoration Interest |
1,188 583 500 293 27 150 32 340 |
0 173 312 100 20 2,419 500 22 139 60 112 17 101 198 |
1,069 322 500 280 0 0 630 333 |
679 144 287 0 1,000 1,260 500 83 0 60 32 37 101 0 |
|
| Totals Expenses |
3,112 -4,173 |
4,173 | 3,134 -4,183 |
4,183 | |
Deficit |
£-1,062 |
£-1,049 |
|||
| 01/04/19 Opening |
31/03/20 Closing |
Change |
|
| Barclays Account Saffron Deposit Saffron Collins Accrued costs (Note 2) |
6,480 11,710 7,697 -500 |
5,079 11,915 7,832 -500 |
-1,401 205 135 0 |
Totals |
£25,387 |
£24,325 |
£-1,062 |
1. Rebranding to Gibson Library
2. This year's Rebindings accrual, but last years' accrual paid off
This year we have a slightly larger loss than last year, but in line with expectations following several years of large surpluses.
Our Membership income rose by £119, as our net membership increased by 17 (to 160).
Our Donations also rose, by £261, principally from donations by the Anglia Parents Club and the Clavering Landscape Society after private viewings at the Library.
We continue to receive the generous support of the Gibson Walden Fund, which we use for the rebinding of books.
This year we have income from Postcard sales (the purchase costs are included within the Rebranding costs) and from Photography Licences.
This year's trip involved no costs, and correspondingly only a small income.
The website costs are higher as because as well as the annual £144 cost we also have a once every two years £29 cost.
We have purchased a newer (but second-hand) laptop as the old one lacked power and modern connection ports.
Last year we invested in a dehumidifiers in the basement, which this year only involved a small connection cost.
The major expenditure this year was on the rebranding; after some preliminary costs last year the bulk fell this year with the completion of the project with the design house and the launch of the new brand. We have now spent £3,679 over the last two years, a large sum for the Society but well within our capabilities given the surpluses of the preceding few years and the size of our bank balances.
The "other events" were functions for Len Pole's "retirement" and Lizzie Sanders's book launch.
The "sign restoration" was actually the creation of a colourful new sign, copying the old design onto modern, long lasting materials; the more expensive frame was paid for by the Trust.
The net effect of all this is a £1,062 deficit, making £2,111 over the last two years, much less than the £3,679 spent on rebranding. Without the rebranding costs we would still be running appreciable surpluses.
Our cash reserves continue to hold up well despite the outflows, and there are no immediate reasons for measures such as subscription increases. If, however, the Society wishes to fund any building or other major redevelopments, money would be required from elsewhere.
Peter Walker, Treasurer
6 April 2020
Friday 22nd May 2020
I have examined the accounts of the Gibson Library Society for the year ended 31st March 2020, and confirm that they are in accordance with the accouting records handed to me.
John Oswin Smith
Independent Examiner
Return to the AGM 2020 page.
