Gibson Library Society - Accounts 2023


Gibson Library Society
Income & Expenditure 1 April 2022 to 31 March 2023


2022 - 2023     2021 - 2022
Income
£		 Expense
£		 Income
£		 Expense
£
Memberships
Donations general
Christopher Cornell Donation
Gibson Walden Fund (Note 2)
Gift Aid Refund
Suspence (Note 4)
Postcard sales
John Gordon Donation (Note 1)
Grants received earlier (Note 1)
Microfilm/fiche reader (Note 1)
New History of Library (Note 3)
Rebranding signage
Rebindings (Note 2)
Website
Independent Libraries Assoc
Insurance
Zoom fees
Bookcase
Events
Cards
Books
Secretarial
Speakers
Photos
Rebranding costs
Sundry
Interest		 1,010
472
250
700
299
20
0
1,000
2,250

















460








3,250
0
0
700
144
120
101
101
95
105
46
35
7
0
19
0
36		 985
420
0
500
331
0
11
0
0

1,000
810














220








0
1,010
976
500
95
0
101
152
0
0
0
0
21
1209
24
36
28
Totals

Expenses		 6,461

-4,759		 4,759 4,277

-3,064		 3,064

Surplus / (Deficit)
£1,703
£1,213



Gibson Library Society
Assets as at 31 March 2023


01/04/22
Opening		 31/03/23
Closing
Change
Barclays Account
Saffron BS Deposit
Saffron BS Collins
Verity Steele (Note 1)
EC Councillor Gadd (Note 1)
Uttlesford councillor Light (Note 1)
Uttlesford Culture & Leisure (Note 1)
Accrued Rebindings (Note 2)
Essex Heritage Trust (Note 3)		 11,629
12,198
8,018
-250
-1,000
-500
-500
-500
-2,000		 10,822
12,476
8,200
0
0
0
0
-700
-2,000		 -807
277
182
250
1,000
500
500
-200
0

Totals
£27,095
£28,797
£1,703



Notes



1. Grants utilised
Verity Steele
EC Councillor Gadd
Uttlesford Councillor Light
Uttlesford Culture & Leisure

John Gordon Donation in 22/23
Total grants & donations utilised,
cost of new Microfilm/fiche reader
250
1,000
500
500
2250
1,000
3,250

2. Rebindings
Accrual Brought forward from 21/22
Paid in 22/23
Rebinding costs incurred in 22/23
Accrual carried forward from 22/23, =
£700 received from Gibson Walden Fund
-500
500
-700
700

3. Essex Heritage Trust
2nd payment re new History in 21/22
Balance carried forward		 3,000
-1,000
2,000

4. Suspence
A "Contactless Card Refund"     £20
Unknown item received 31/3/23 to be resolved in 2023/24




Treasurer's Commentary

Our Membership Income was up a little this year, helped primarily by more members using standing orders.

We continue to allocate the money we receive from the Gibson Walden Fund towards rebinding. This year we paid the accrual for the 2021/2022 year, but the 2022/2023 cost is accrued for payment next year.

Expenditure was higher this year, essentially as we spent most of the grants received on the new microfiche/film reader.

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
18 April 2023



Independent Examiner's Statement

May 8th 2023

I have examined the Accounts of the Gibson Library Society for the year ended 31st March 2023, and confirm that thety are in accordance with the accounting rercords handed to me.

John Oswin Smith
Independent Examiner

Return to the AGM 2023 page.



© Gibson Library Society, 2023