Gibson Library Society - Accounts 2025


Gibson Library Society
Income & Expenditure 1 April 2024 to 31 March 2025


2024 - 2025     2023 - 2024
Income
£		 Expense
£		 Income
£		 Expense
£
Memberships
Donations general
Gibson Walden Fund (Note 2)
Gift Aid Refund
Photos in Walden Local
Photos in Turnball book
Grant from UDC
New presentation equipment
English Heritage Trust grant (Note 1)
New Book of the Library (Note 3)
Rebindings (Note 1)
Website
Independent Libraries Assoc
Insurance
Zoom fees
Speakers
Wine for speakers
Visit to Huntingdon (Note 2)
Gift to Barbara Hughes
External sign maintenance
Sundry
Interest		 1,110
526
600
332
0
1,500











205



1,279









1,001
156
0
101
156
120
40
168
25
175
18		 1,150
536
600
309
196
500
775

2,000








174



1,154






1,096

3,295
600
269
60
101
144
125
0
174
0
0
8
Totals

Expenses		 5,552

-1,960		 1,960 7,395

-5,872		 5,872

Surplus / (Deficit)
£3,592
£1,523



Gibson Library Society
Assets as at 31 March 2025


01/04/24
Opening		 31/03/25
Closing
Change
Cash & cheques
Barclays Account
Saffron BS Deposit
Saffron BS Collins
Accrued Rebindings (Note 1)
New book printing paid (Note 3)		 17
9,774
13,172
8,658
-1,300
0		 0
8,987
13,982
7,727
0
3,217		 -17
-787
809
-931
1,300
3,217

Totals
£30,320
£33,913
£3,592



Notes to the Accounts



1. Rebindings
Accrual Brought forward from 23/24
Rebinding costs incurred in 24/25
Rebinding costs incurred in 24/25
Paid during 24/25
Accrual carried forward from 24/25,

1,300
600
401
-2,301
0
(money received from Gibson Walden Fund)
(funded by Gibson Walden Fund)
(funded by GLS)
The £1,300 of accrued costs was funded by the Gibson Walden Fund, as well as this year's £600.

2. External visit in 2023 was to the David Parr House.

3. New book on Gibson Library
The full printing cost for the 500 copies of the new book was paid in late March 2025, so this cost has been carried forward to set against the sales in 2025 and beyond. NB: this is only the printimng cost; the costs of desugn and writing have been expensed as incurred in 2023 and 2024.



Independent Examiner's Statement

April 21st 2025

I have examined the Accounts of the Gibson Library Society for the year ended 31st March 2025, and confirm that they are in accordance with the accounting rercords handed to me.

MH Gruselle FCA
Independent Examiner

Treasurer's Commentary

The total of our Membership Income, general donations and Gift Aid refund was only a very small amount below the preceding year. There was, however, a great increase in income from the use of Gibson Library photos in Malcolm Turnbull's book on Lost Walden. This, combined with a reduction in expenditure on equipment and the development of the Library Book, has resulted in a large increase in our surplus.

The Gibson Walden Fund has been providing funds towards the rebinding of many of our historic books, and this year we at last received invoices to cover the work that has taken place in recent years, and by paying these it means that we no longer have to carry forward any accrual for payment next year.

Our largest expenditure in recent years has on the development and now printing of the new book on the Gibson Library, the income for which we hope to see in the 2025/26 Accounts.

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 Martin Gruselle for fulfilling the duties of Independent Examiner of the Annual Accounts at short notice, following the sudden and sad death of John Oswin Smith.

Peter Walker
GLS Treasurer
21 April 2025


Return to the AGM 2025 page.



© Gibson Library Society, 2025