Belfast Library and Society for Promoting Knowledge (Linen Hall Library)
Latest income
£1.2m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net deficit of £105,364 for the year and held net current liabilities of £193,474 at year-end. The auditors identified a material uncertainty regarding the charity's ability to continue as a going concern due to ongoing funding challenges and the net liability position. The trustees have prepared the accounts on a going concern basis, citing approved strategic plans and cash flow forecasts extending to December 2026 as sufficient to support this assessment.
What the accounts disclose
Highest-paid employee band: £80,001 - £90,000
“One employee had employee benefits (excluding employer pension costs) of between £80,000 and £90,000” — page 25
Per FY2025 accounts as filed with CCNI.
Going concern: material uncertainty disclosed
“These conditions, along with the other matters explained in note 28 to the financial statements, indicate the existence of a material uncertainty, which may cast significant doubt about the charity's ability to continue as a going concern.”
Per FY2025 accounts as filed with CCNI.
Reserves policy: three months' expenditure on the core activities of the Library (held: £5.7m)
“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 activities of the Library.” — page 6
Per FY2025 accounts as filed with CCNI.
Largest income source: Department for Communities (63% of income)
“Department for Communities which provided grants of £355,500” — page 6
Per FY2025 accounts as filed with CCNI.
Independent examiner: Finegan Gibson Ltd
Per FY2025 accounts as filed with CCNI.