British Library Annual Report and Accounts 2013/14 British Library Annual Report and Accounts 2013/14 Presented to Parliament pursuant to section 4(3) and 5(3) of the British Library Act 1972 Ordered by the House of Commons to be printed on 16 July 2014 Laid before the Scottish Parliament by the Scottish Ministers 16 July 2014 Laid before the National Assembly for Wales by the [First Secretary] 16 July 2014 Laid before the National Assembly for Northern Ireland 16 July 2014 HC 361 SG/2014/91 © British Library (2014) The text of this document (this excludes, where present, the Royal Arms and all departmental or agency logos) may be reproduced free of charge in any format or medium provided that it is reproduced accurately and not in a misleading context. The material must be acknowledged as British Library copyright and the document title specified. Where third party material has been identified, permission from the respective copyright holder must be sought. Any enquiries related to this publication should be sent to us at
[email protected] This publication is available at https://www.gov.uk/government/publications Print ISBN 9781474102834 Web ISBN 9781474102841 Printed in the UK by the Williams Lea Group on behalf of the Controller of Her Majesty’s Stationery Office ID SGD004976 Printed on paper containing 75% recycled fibre content minimum Contents Foreword 4 Trustees’ and Accounting Officer’s Responsibilities 6 Objectives and Activities 10 Key Performance Indicators 21 Statistics 24 Financial Review 28 Sustainability Report 33 Remuneration Report 39 Statement of Trustees’ and Directors’ Responsibilities 45 Governance Statement 46 Risk Management 53 The Certificate and Report of the Comptroller and 59 Auditor General to the Houses of Parliament and the Scottish Parliament Statement of Financial Activities 61 Balance Sheet 63 Cash Flow Statement 65 Notes to the Accounts 66 Foreword As we look back on the past year at the British Library, we are once again in the fortunate position of being able to reflect on a number of important achievements.