Gibson Library | 2020 - 2021 | 2019 - 2020 | ||||
|---|---|---|---|---|---|
| Income £ |
Expense £ |
Income £ |
Expense £ |
||
| Memberships Donations general Gibson Walden Fund Gift Aid Refund Postcard sales Photography licences Visit Income Essex Locality Fund Grant (Note 4) New History of Library (Note 4) Covid screens(Note 4) Zoom fees (Note 4) Website Speakers Secondhand laptop Dehumidifier Rebranding costs Rebindings (Note 1) Christmas events Other events Subscription to ILA Secretarial Sundry Insurance Sign restoration Interest |
1,067 442 500 337 2 0 0 1,000 249 |
500 446 179 144 165 0 0 0 500 0 0 0 7 0 101 0 |
1,188 583 500 293 27 150 32 0 340 |
0 0 0 173 312 100 20 2,419 500 22 139 60 112 17 101 198 |
0
|
| Totals Expenses |
3,598 -2,042 |
2,042 | 3,112 -4,173 |
4,173 | |
Surplus / (Deficit) |
£1,556 |
£-1,062 |
|||
| 01/04/20 Opening |
31/03/21 Closing |
Change |
|
| Barclays Account Saffron Deposit Saffron Collins Accrued Rebindings (Note 2) Essex CIF (Notes 3 & 5) Essex Heritage Trust (Notes 3 & 6) |
5,079 11,910 7,832 -500 0 0 |
10,695 12,065 7,931 -1,000 -810 -3,000 |
5,617 151 99 -500 -810 -3,000 |
Totals |
£24,325 |
£25,881 |
£1,556 |
1. This year's Rebindings cost charged this year.
2. This year's and last year's Rebinding costs not yet paid.
3. Grants received, but not yet used at all
4. Grant from Essex Locality Fund 1000
1st payment re new History -500
Covid screens in Gibson room -446
Zoom cost for 2021 -136, (there was also £43 for 2020)
Net cost for Gibson Library Society -82
5. Essex Community Initiative Fund: Signage for Gibson Library in the Public Library
6. Essex Heritage Trust: Research, drafting and printing of new History of the Library book
Our Membership Income was down about 10% this year, attributable to the absence of face to face meetings and talks, resulting in far lower cash and cheque payments. The Gift Aid Refund received was higher this year as there is a one year lag between the Subscription income and the Gift Aid Reclaim.
We continue to allocate the £500 we receive from the Gibson Walden Fund towards rebinding. This year the work has been carried out by the Essex Record Office, and they will be paid in the 2021/2022 year; the accrual for the 2019/2020 rebinding has not yet been paid to ECC pending the sorting out of the Library Trust Fund of which the ECC is Trustee.
General expenditure was lower this year, particularly as the high rebranding costs in 2019/2020 (£2,419) was not repeated this year, and the large change from a £1,062 deficit last year to a £1,556 surplus this year is largely because of this.
The major financial change this year has been the successful bidding for three grants, the first of which has been spent on Covid screens in the Gibson Reading Room, a year's subscription to Zoom for online meetings and the down payment on the writing on an updated History of the Library. The remaining two grants will be spent in 2021/2022, and hence appear as Accruals on this year's balance sheet.
I believe that the financial results of the year show the Society to be in a healthy state, and do not require any increase in Subscription rates.
Finally, I'd like to thank John Oswin Smith for again fulfilling the duties of Independent Examiner of the Annual Accounts.
Peter Walker
GLS Treasurer
6 May 2021
Thursday 6th May 2021
I have examined the accounts of the Gibson Library Society for the year ended 31st March 2021, and confirm that they are in accordance with the accouting records handed to me.
John Oswin Smith
Independent Examiner
Return to the AGM 2021 page.
