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2021-10-31-accounts

Page
Charity
Information
Report ofthe Trustees. .. .
Independent Auditor's Report. ... ..24
Charity Statement
of Financial Activities		 .. ...28
Consolidated Statement of Financial Activities. .. .....29
Balance Sheets .. .....30
Consolidated Statement of Cash Flows. 31
Notes to the Financial Statements. 32

London (c om bined
a		 u dience
nu		 mbers
180).See page 13		 for further
details,
Edu
'on		 Gr ts an war
0 en to the Guild Members onl Awarded to:
Sue Belton Memorial Prize Madeline
Hibbins		 Cline
Founder Members' Award Moll
Brown
Travel and Education Bursa - Member Annie
Folkard
0 en to the Public Awarded to:
BA Student Bursary Luciena Crouth
(belated
winner		 for 2020)
Olivia Dawson 2021
City 5 Guilds Award )ackle Benstead
Anne Littlewood
(belated
winners		 for 2020)
Mate'a Zunec 2021

You said
ou wanted		 We res ended
b
more contact with The Guild sendin
re ular email
u dates and information
to continue
online events along		 with face-to-face events planning
to continue
with a mixture of virtual
and
In
person events,
with lots of exciting activities coming
our wa
more cross regional/national
AND		 events developing
a Virtual
region to provide
programme
of international
speakers,		 a regular
available		 to
a regular programme
of talks by international		 quilters every member
and to deliver virtual cross guild
virtual
retreat
a training/educational
programme		 developed for the developing
a varied educational
programme
including
benefit of members with
ualiflcatlons
improved
communication
between		 the centre and the holding
more regular
virtual
meetings		 with Regional
r
lens		 Coordinators
to have us celebrate a variety
ractlce		 of quilt makers and textile planning
to showcase
a greater variety
website and in our di
Ital activities		 on the new
a welcome pack developed on line for new members producing
a series ofwelcome emalls
r
ular contact with new members		 and video for
im
roved website access		 investin
in a new webslte
online presentations
about		 the Collection producing
a series of activities
and talks about		 the
Collection
trainin
r
rammes
for volunteers		 develo
in
trainin
ro rammes

Unrestricted Designated Restricted 2021 2020
Note funds
6		 funds
6		 fundsf Total
6		 Total
6
Income from:
Donations
Donations
and sponsorship		 11,484 2,195 2,887 16,566 42,750
Grant income 66,250 3,000 69,250 61,200
Gift Aid income 39,347 125 55 39,527 42,403
Activities for generating funds
Fundraising 7I110 7,110 12,623
Membership
subscrlptions		 268,381 5,400 505 274,286 322,426
Other income 1,440 1,440 12,259
Investment
Income		 1,553 1,998 3,533
Income from charitable activities
Other charitable
income		 3 19500 121261 1096 141857 107036
Total income 407,955 128,981 15,098 552,034 604,230
Expenditure
on:
Charitable
activities		 4 (420,191) (93,604) (49,958) (563,753) (519,895)
Total expenditure (420,191) (93,604) (49,958) (563,753) (519,895)
(12,236) 35,377 (34,860) (11,719) 84,335
Transfers
between
funds		 (1,000) (735) 1,735
Net income/(expenditure) before other
recognised
gains/(losses)
Gains/(losses)
on revaluation		 of (13,236) 34,642 (33,125) (11,719) 84,335
investments 2 470 2 470 2 777
Net movements
In funds		 in the year (13,236) 34,642 (30,655) (9,249) 81,558
Funds broughtforward 278 770 272 658 164,167 715,595 634,037
Funds carried forward 16, 265,534 307,300 133,512 706,346 715,595

xpenditure
Acco		 u nt) for th e year end ed 31Oc tober 202 1
Unrestricted
funds		 Designated
funds		 Restncted
funds		 2021
Total		 2020
Total
Note E F. E E
Income from:
Donations
Donations
and sponsorship		 3,293 2I195 2,887 8,375 37,192
Grant Income 66,250 3,000 69,250 62,187
Gift Aid income 39,347 125 55 39,527 42,403
Activities for generating funds
Fundralsing 7,110 7,110 12,623
Membership
subscrlptions		 268,381 5,400 505 274,286 322,426
Retail sales 34,471 34,471 40,311
Other income 2,662 2,662 12,469
Investment
income		 53 498 2/124
Income from charitable activities
Other charitable
Income		 36845 121 261 1 096 159202 118112
Total income 451,302 128,981 15,098 595,381 649,847
Expenditure
on:
Raising funds 4 (33,124) (33,124) (34,442)
Charitable
activities		 4 (430,401) (93,604) (49,958) (573,963) (531,031)
Total expenditure (463,525) (93,604) (49,958) (607,087) (565,473)
Net income/(expenditure)
before transfers		 (12,223) 35,377 (34I860) (11,706) 84,374
Transfers
between
funds		 (1,000) (735) 1,735
Net income/(expenditure)
before taxation		 (13,223) 34,642 (33,125) (11,706) 84,374
Taxation charge 13 13 39
Net income/(expenditure)
before
other recognised gains/(losses)		 (13,236) 34,642 (33,125) (11,719) 84,335
Gains/(losses)
on revaluation
Investments		 of 2 470 2 470 2 777
Net movements
in funds
the year
Funds brought
forward		 in (13,236)
2g2 599		 34,642
272 658		 (30,655)
164,167		 (9,249)
7 9,424		 81,558
647, 66
Funds carried forward 16,
17		 279 363 307I300 133512 720 175 729 424

Group
2021		 2020 Charity
2021
2020		 Charity
2021
2020
Note 6 6 6 6
Fixed assets
Intangible
assets		 10 23,858 18,410 23,858 18,410
Tangible assets 26,435 26,353 25,800 25,494
Listed investments 12 10,116 7,646 10,116 7,646
Investment
in subsidiary		 12
60,409 52,409 59,776 51,552
Current assets
Stocks of finished goods 13,686 18,968
Debtors 13 17,826 34I515 47,063 61,739
Cash at bank and in hand 802,120 795,730 766,321 766,984
833,632 849,213 813,384 828,723
Creditors: amounts falling
due within one year
Income
in advance		 14 (139,481) (137,172) (139,481) (137,172)
Creditors 15 (34,385) (35,026) (27,333) (27,508)
(173,866) (172,198) (166,814) (164,680)
Net current assets 659,766 677,015 646,570 664,043
Total net assets 720,175 729,424 706,346 715,595
Funds
Unrestricted
funds		 16 279,363 292,599 265,534 278,770
Designated
funds		 16 307,300 272,658 307,300 272,658
Restricted
funds		 17 133,512 164,167 133,512 164,167
Total funds 18 720,175 729,424 706,346 715,595

Notes 2021 2020
f.
Cash flows from operating
activities
Cash generated
by operating
activities		 23 31,435 27,851
Income taxes
aid		 39 172
Net cash inflow from o eratin
activities		 31396 27 679
Cash flows from investing
activities
Purchase of intangible
assets		 (11,196) (12,397)
Purchase
of property,
plant and equipment		 (14,338) (7,051)
Sale of property,
plant and equipment		 30
Bank interest
and dividends
received		 498 2 124
Net cash ex ended on investln
activities		 25 006 17324
Increase
in cash and cash equivalents		 in the year 6,390 10,355
Cash and cash e uivalents
at the be
innln		 ofthe ear 795 730 785 375
Total cash and cash e uivalents
at		 the end of the ear 802,120 795,730


r the year ended 31

Income		 Octob er 2021 (c ontinued)
Year to31October 2021 Unrestricted
incomef		 Designated
incomef		 Restricted
income
6		 2021
Totalf
Other Activities
(charity only):
British Quilt Studies Group 5I376 5,376
Contemporary
Quilt		 8,662 8,662
3udging
Course		 6,715 6,715
Education
and outreach		 1,096 1,096
Communication 19,500 19,500
Miniature
Quilt Group		 1,506 1,506
Regional
activities		 91,029 91,029
Traditional
Quilt Group		 3,890 3,890
Modern
Quilt Group		 4,083 4,083
Charity only total income from
other activities		 19,500 121,261 1,096 141,857
Other Activities
(subsidiary		 only):
Conference 8,361 8,361
Magazine
advertisements		 8,984 8,984
Group total income from other
activities		 36,845 121,261 1,096 159,202
Year to 31October 2020 Unrestricted
income		 Designated
income
6		 Restricted
income
f		 2020
Total
Other Activities
(charity only):
British Quilt Studies Group 4,242 4,242
Contemporary
Quilt		 8,898 8,898
)udging
Course		 7,200 7I200
Education
and outreach		 11,042 11,042
Miniature
Quilt Group		 1,808 1,808
Regional
activities		 67,649 67,649
Traditional
Quilt Group		 2,560 2,560
Modern
Quilt Group		 3,637 3,637
Charity only total income from
other activities		 95,994 11,042 107,036
Other Activities (subsidiary only):
Conference
Magazine
advertisements		 11,076 11,076
Group total income from other
activities		 11,076 95,994 11,042 118,112

4. Analysis ofexpendi ture
Charity Cost of Charitable activities
For the year ended 31October 2021 raising
funds		 Unrestricted Designated Restricted Total
2021
E E E E E
Costs directly
a//ocated		 to actlvltlesr
British Quilt Study Group 4,038 4,038
Collections'
Management		 459 459
Communication 40,224 40,224
Contemporary
Quilt		 7,259 7,259
Education 643 4,369 5,012
Founder
Members'
bursary		 500 500
Heritage
Lottery
Fund 2020		 11,130 11,130
Life membership
income release		 5I066 5,066
Mary Ann Corp Fund 11,979 11,979
Membership 10,877 10,877
Miniature
Quilt Group		 1,004 1,004
Modern
Quilt Group		 1,185 1,185
QGBI —Education
and Travel Scholarship		 4,649 4,649
Purchases
lrom Subsidiary		 50,421 50,421
Regional Activities 66,639 66,639
Sue Belton Award 615 615
The Leche Trust 4,735 4,735
The Quilters
Guild Collection		 2,169 2,169
Traditional
Quilt Group		 3,085 3,085
Young Quilters
Pro]ect		 16,734 16,734
Total costs directly allocated to activities 104,334 93,604 49,842 247,780

. Analysis ofexpen d iture
Charitable activities
Charity
For the year ended 31		 October 2021 Cost of
raising
funds
E		 Unrestricted
F.
Designated
E		 Restricted
E		 Total
2021
E
Support costs allocated to activities:
Governance
—AGPi		 1,173 1,173
Governance
—General		 1,610 1,610
Depredation
offixtures,		 fittings S.equipment 7,012 116 7,128
Amoitisation
of computer		 sofbvare 5,748 5,748
Administrative
salaries'		 costs 212,625 212,625
Premises costs 31,163 31,163
General
Insurance		 6,830 6,830
Computer
maintenance		 16,425 16,425
Equipment
hire and maintenance		 2,581 2,581
Telephone
and internet		 664 664
Printing,
postage
and stationery		 9,081 9,081
Audit and accountancy charges 6,300 6,300
Professional
fees		 1,289 1,289
Bank charges 6,464 6,464
Travel and subsistence 27 27
Sundries 6,865 6,865
Total support costs allocated to activities 315,857 116 315,973
Total expenditure 420,191 93,604 49,958 563,753

Group
Forthe year ended 31October 2021		 Cost of
raising
funds		 Charitable
activities
Unrestricted
Designated		 Charitable
activities
Unrestricted
Designated		 Charitable
activities
Unrestricted
Designated		 Restricted Total 2021
B E E E E
Costs directly allocated to activities:
British Quilt Study Group 4,038 4,038
Collections'
Management		 459 459
Communication 92,390 92,390
Conference 2,195 2/195
Contemporary
Quilt		 7,259 7,259
Education 643 4,369 5,012
Founder
Members'
bursary		 500 500
Heritage
Lottery
Fund 2020		 11,130 11,130
Licensing
expenses		 17 17
Life membership
income release		 5,066 5,066
Mary Ann Corp Fund 11,979 11,979
Membership 10,877 10,877
Miniature
Quilt Group		 1,004 1,004
Modern
Quilt Group		 1,185 1,185
QGBI —Education
and Travel Scholarship		 4,649 4,649
Regional
Activities		 66,639 66,639
Retail Shop 32,365 32,365
Sue Belton Award 615 615
The Leche Trust 4,735 4,735
The Quilters'
Guild Collection		 2,169 2,169
Traditional
Quilt Group		 3,085 3,085
Young Qullters
Project		 16,734 16,734
Total costs directly allocated to
activities		 32,382 108,274 93,604 49,842 284,102

Cost of Charitable activities
Group raising
funds		 Unrestricted
Designated		 Restricted Total
2021
For the
ear ended 31		 October 2021 E E E E
Support costs allocated to actlvltlesr
Governance
—AGM		 1,173 1,173
Governance
—General		 1,610 1,610
Depreciation
of fixtures,		 fittings and equipment 200 7,037 116 7,353
Amortisation
of computer		 software 5,748 5,748
Administrative
salaries'		 costs 212,625 212,625
Premises costs 31,163 31,163
General
insurance		 6,830 6,830
Computer
maintenance		 16,762 16,762
Equipment
hire and maintenance		 2,581 2,581
Telephone
and internet		 664 664
Printing,
postage
and stationery		 542 9,081 9,623
Audit and accountancy charges 9,550 9,550
Professional
fees		 2,465 2,465
Bank charges 7,946 7,946
Travel and subsistence 27 27
Sundries 6,865 6,865
Total support costs allocated to activities 742 322,127 116 322,985
Total expenditure 33,124 430,401 93,604 49,958 607,087

Charity Cost of Charitable Charitable activities
For the year ended 31October 2020 raising
funds		 Unrestricted Designated Restricted Total
2020
E E E E
Costs directly allocated to actlvltiesr
British Quilt Study Group 4,380 4,380
Collections'
Management		 3,255 3,255
Communication 26,302 26,302
Contemporary
Quilt Award		 100 100
Contemporary
Quilt Group		 8,161 8,161
Education 231 4,435 4,666
Founder members'
bursary		 350 350
Life membership
Income release		 4,827 4,827
Mary Ann Corp Fund 3,244 3,244
Membership 11,100 11,100
Miniature
Quilt Group		 2,663 2,663
Modern
Quilt Group		 617 617
QGBI —Education
and Travel Scholarship		 1,363 1,363
Purchases
from Subsidiary		 53,243 53,243
Regional
Activities		 70,083 70,083
Sue Ridgwell
Award		 117 117
The Quilters'
Guild Collection		 10,094 10,094
Traditional
Quilt Group		 3,395 3,395
Young Qullters'
Challenge		 Prize 100 100
Youn
uilters'
Pro ect		 16,210 16210
Costs directly allocated to activities 100,970 102,166 21,134 224,270

4. Analysis o f expenditure
Charitable activities
Charity
For the year ended 31		 October 2020 Cost of
raising
funds
E		 Unrestricted
E		 Designated
E		 Restricted
E		 Total
2020
6
Support costs allocated to actlvltlesr
Governance
—AGM		 1,409 1,409
Governance
—General		 5,580 5,580
Depreciation
offixtures,		 fittings &equipment 6,856 497 7,353
Amortisation
of computer		 software 4,547 4,547
Administrative
salaries'		 costs 193,807 193,807
Premises costs 32,775 32,775
General
insurance		 6,902 6,902
Computer
maintenance		 10,070 10,070
Equipment
hire and maintenance		 2,794 2,794
Telephone
and internet		 1,095 1,095
Printing,
postage
and stationery		 14,236 14,236
Audit and accountancy charges 5,220 5,220
Professional
fees		 214 214
Bank charges 6,234 6,234
Travel and subsistence 583 583
Sundries 2,806 2,806
Total support costs allocated to activities 295,128 497 295,625
Total expenditure 396,098 102,166 21,631 519,895

Group Cost of Charitable Charitable activities
For the year ended 31October 2020 raising
funds		 Unrestricted Designated Restricted Total 2020
E E E E E
Costs directly allocated to activities:
British Quilt Study Group 4,380 4,380
Collections'
Management		 3,255 3,255
Communication 80,579 80,579
Conference 4,812 4,812
Contemporary
Quilt Award		 100 100
Contemporary
Quilt		 8,161 8,161
Education 231 4,435 4,666
Founder members'
bursary		 350 350
Ufe membership
Income release		 4I827 4,827
Mary Ann Corp Fund 3,244 3,244
Membership 11,100 11I100
Miniature
Quilt Group		 2,663 2,663
Modem
Quilt Group		 617 617
QGBI —Education
and Travel Scholarship		 1,363 1,363
Regional
Activities		 70,083 70,083
Retail Shop 33I598 33,598
Sue Ridg well Award 117 117
The Quilters'
Guild Collection		 10,094 10,094
Traditional
Quilt Group		 3,395 3,395
Young Quilters'
Challenge		 Prize 100 100
Young Quilters'
Project		 16,210 16,210
Total costs directly allocated to activities: 33,598 106,816 102,166 21,134 263,714

Group
For the year ended 31		 Group
For the year ended 31		 October 2020 October 2020 Cost of
raising
funds
F.		 Charitable
activities
Unrestricted
Designated
s
6		 Charitable
activities
Unrestricted
Designated
s
6		 Charitable
activities
Unrestricted
Designated
s
6		 Charitable
activities
Unrestricted
Designated
s
6		 Restricted
6		 Total
2020
E
Support costs allocated to actlvitlesr
Governance
—AGM		 1,409 1,409
Governance
—General		 5,580 5,580
Depreciation
offixtures,		 fittings and equipment 351 6,881 497 7,729
Amortisatlon
of computer		 software 4,547 4,547
Administrative
salaries'		 costs 193,807 193,807
Premises costs 32,775 32,775
General
insurance		 6,902 6,902
Computer
maintenance		 10,509 10,509
Equipment
hire and maintenance		 2,794 2,794
Telephone
and Internet		 1,095 1,095
Printing,
postage
and stationery		 493 14,236 14,729
Audit and accountancy charges 7,960 7,960
Professional
fees		 886 886
Bank charges 7,574 7,574
Travel and subsistence 657 657
Sundries 2,806 2,806
Total support costs allocated to activities 844 300,418 497 301,759
Total expenditure 34,442 407,234 102,166 21,631 565,473

5.
Net income/(exp		 en diture)
for t		 diture)
for t		 diture)
for t		 diture)
for t		 he year he year
Net income/(expenditure) for the year is stated after charging:
2021 2020
6 6
Auditors'
remuneration:
For the audit of the annual accounts
(company
—E5,500)		 8,225 6,854
For the preparation of statutory accounts 750 636
For the provision
of		 taxation services 575 480
6.
Investment
gains
Net income for the year is stated after charging:
2021 2020
Fair value gains/(losses) through income and expenditure account:
MBrG Charifund 2,470 (2,777)
7.
Information
regarding		 trustees and employees
2021 2020f
Staff costs comprise
Wages and salaries 215,758 196,541
Social security costs 11,063 10,406
Pension costs 6,015 5,693
Total em
lo ment costs		 232,836 212,640

2021 2020
In res ect of Festival of uilts Limited onl E E
UK Co oration tax 13 39
Total current tax 13 39
Limited's
accoun		 ts as foll ows:
2021 2020
E
Expected tax charge based on the standard rate of corporation tax in
the UK of 19'lo
De reciation in excess ofca ital allowances claimed 10 32
Tax ex ense for the ear 13 39
10.
Intangible
assets
Computer
Group and charity software
E		 Total
E
Cost
1 November 2020 26,049 26,049
Additions 11,196 11,196
31October 2021 37,245 37,245
Amortisation
1 November 2020 7,639 7,639
Charge for the year 5,748 5,748
31October 2021 13I387 13,387
Net book value
31October 2021 23,858 23,858
31October 2020 18,410 18,410

1.
Fixed assets
Group Fixtures and
fittings		 Office
equipment		 Computer
equipmentf		 Totalf
Cost:
1 November
2020		 72,654 10,661 41,002 124,317
Additions 1,066 13,272 14,338
Disposals (101) (101)
31October 2021 72,654 11,626 54,274 138,554
Depreciation:
1 November
2020		 63,720 5,025 29,219 97,964
Charge for the year 7,601 1,620 5,035 14,256
Disposals (101) (101)
31October 2021 71,321 6,544 34,254 112,119
Net book value
31October 2021 1,333 5,082 20,020 26,435
31October 2020 8,934 5,636 11,783 26,353
Charity Fixtures and
fittings
6		 Office
equipment
6		 Computer
equipmentf		 Total
6
Cost:
1 November
2020		 61,643 10,406 41,002 113,051
Additions 1,066 13,272 14,338
Disposals (101) (101)
31October 2021 61,643 11,371 54,274 127,288
Depreciation:
1 November
2020		 53,469 4,869 29,219 87,557
Charge for the year 7,402 1,595 5,035 14,032
Dlsposals (101) (101)
31October 2021 60,871 6,363 34,254 101,488
Net book value
31October 2021 772 5,008 20,020 25,800
31October 2020 8,174 5,537 11,783 25,494


for the year ende		 d 31 Octo b er 2021 (continued)
12.
Investments
The Charity
and the		 Group 2021
E		 2020
Listed investments —M&G Charifund Income Units
Value at 1 November 2020 7,646 10,423
Revaluation 2 470 2 777
Market Value at 31 October 2021 10116 7 646
The historical
cost of investments
at 31		 October 2020 was E5,000 (2020 - 65,000)
Charity 2021f 2020
Shares in subsidiary undertaking
The Charity
owns 100%of the ordinary
in England
and Wales (company
number		 share capital of Festival of Quilts
03538705).		 Limited, a company registered

ccounts, for the		 year en ded 31 October 2021 is summarised
below:
2021 2020
E E
Turnover 103I459 105,827
Cost of sales and administrative expenses (93,755) (98,821)
Interest
receivable		 91
Interest payable (1,500) (1,500)
Profit on ordinary activities for the financial year 8,204 5,597
GiR aid payment to The Quilters Guild of the British Isles (8,191) (5,558)
Profit on ordinary activities before taxation 13 39
Tax on profit on ordinary activities (13) (39)
Profit retained for the financial year

The a
re ate ofthe assets		 The a
re ate ofthe assets		 The a
re ate ofthe assets		 liabilities and funds was: 2021
6		 2020f
Fixed assets 635 860
Current assets 56,396 53,466
Liabilities (43,200) (40,495)
13,831 13,831
Represented by:
Called up share capital
Profit and loss account 13,829 13,829
13I831 13,831
13.
Debtors
Group Charity
2021 2020 2021 2020
Trade debtors 1,457 1,331 1,306 523
Amount
owed		 by subsidiary 36,148 32,976
Prepayments and accrued income 16,369 33,184 9,609 28,240
17,826 34,515 47,063 61,739

4.
Inco		 me in advance
Group Charity
2021 2020 2021 2020
6
Balance as at 1 November 2020 137,172 192,283 137,172 163,125
Amount released to income (137,172) (192,283) (137,172) (163,125)
Amount deferred in the year 139,481 137,172 139,841 137,172
Balance as at31October 2021 139,481 137,172 139,841 137,172


r the year ended 31 Octob
5.
Creditors
—Amounts
falling due		 er 2021 (continu
within one year		 ed)
Group Charity
2021 2020 2021 2020
f E
Trade creditors 10,560 11,096 7,997 9,594
Taxation and social security 4,496 4,923 3,852 3,402
Other creditors 151 1I313
Accruals 19,178 17,694 15,484 14,512
34,385 35,026 27,333 27,508

16.
Movements
In unr		 e st ricted
f		 unds
Group As at 1 As at 31
For the year ended 31
2021		 October November
2020
E		 Income
E		 Expenditure
E		 Transfers
E		 October
2021
General reserves 292 599 451 302 463 538 1 000 279 363
Designated
reserves
British
Quilt Study Group		 Fund 19,616 5,376 (4,038) 20,954
Collections'
Management		 Fund 8,444 2,320 (459) (735) 9,570
Contemporary
Quilt Fund		 17,504 8,662 (7,259) 18,907
Founder
Members'
Bursary		 Fund 904 (500) 404
1udging Courses 23,604 6,715 (4,369) 25,950
Life Membership
Fund		 29,463 5,400 (5,066) 29,797
Miniature
Quilt Group Fund		 6,485 1,506 (1,004) 6,987
Modern
Quilt Group Fund		 9,910 4,083 (1,185) 12,808
Regional
Funds (General)		 145,618 91,029 (66,639) 170,008
Traditional
uilt Grou
Fund		 11110 3 890 3 085 11915
272 658 128981 93 604 735 307 300
Total Grou
Unrestricted		 Funds 565 257 580 283 557 142 1 735 586 663
Charity As at 1 As at 31
For the year ended 31
2021		 October November
2020		 Income
E		 Expenditure
E		 Transfers October
2021
E
General reserves 278 770 407 955 420 191 1000 265 534
Designated
reserves
British Quilt Study Group Fund 19,616 5,376 (4,038) 20,954
Collections'
Management		 Fund 8,444 2,320 (459) (735) 9,570
Contemporary
Quilt Fund		 17,504 8,662 (7,259) 18,907
Founder
Members'
Bursary		 Fund 904 (500) 404
3udging
Courses		 23,604 6,715 (4,369) 25,950
Life Membership
Fund		 29,463 5,400 (5,066) 29,797
Miniature
Quilt Group Fund		 6,485 1,506 (1,004) 6,987
Modern
Quilt Group Fund		 9,910 4,083 (1,185) 12,808
Regional
Funds (General)		 145,618 91,029 (66,639) 170,008
Traditional
uilt Grou
Fund		 11110 3 890 3 085 ii 915
272 658 128981 93 604 735 307 300
Total Charit
Unrestricted		 Funds 551428 536 936 513795 1 735 572 834


for the year ended 31 Oc
for the year ended 31 Oc
for the year ended 31 Oc		 tober 2021 (c tober 2021 (c ontinued )
16.
Movements
in unrestricted		 funds (continued)
Group
For the year ended 31 October
2020		 As at 1
November
2019
E		 Income
E		 Expenditure
E		 Transfers
E		 As at 31
October
2020
E
General reserves 289 285 446 029 441 715 1 000 292 599
Designated
reserves
British Quilt Study Group Fund 19,754 4,242 (4,380) 19,616
Collections'
Management		 Fund 9,530 1,169 (3,255) 1,000 8,444
Contemporary
Quilt Fund		 16,767 8,898 (8,161) 17,504
Founder
Members'
Bursary
Fund		 1,254 (350) 904
)udging
Courses		 20,839 7,200 (4,435) 23,604
Life Membership
Fund		 28,890 5,400 (4,827) 29,463
Miniature
Quilt Group
Fund		 7,340 1I808 (2,663) 6,485
Modern
Quilt Group
Fund		 6,890 3,637 (617) 9,910
Regional
Funds (General)		 167,010 67,649 (70,083) (18,958) 145,618
Traditional
uilt Grou
Fund		 11945 2 560 3 395 11110
290 219 102563 102 166 17958 272 658
Total Grou
Unrestricted		 Funds 579 504 548 592 543 881 18958 565 257
Charity
For the year ended 31
2020		 October As at 1
November
2019f		 Income Expenditure
E		 Transfers
E		 As at 31
October
2020
E
General reserves 275 456 400 412 396098 1000 278 770
Designated
reserves
British Quilt Study Group Fund 19,754 4,242 (4,380) 19,616
Collections'
Management		 Fund 9,530 1,169 (3,255) 1,000 8,444
Contemporary
Quilt Fund		 16,767 8,898 (8,161) 17,504
Founder
Members'
Bursary		 Fund 1,254 (350) 904
)udging
Courses		 20,839 7,200 (4,435) 23,604
Life Membership
Fund		 28,890 5,400 (4,827) 29,463
Miniature
Quilt Group Fund		 7,340 1,808 (2,663) 6,485
Modern
Quilt Group Fund		 6,890 3,637 (617) 9,910
Regional
Funds (General)		 167,010 67,649 (70,083) (18,958) 145,618
Traditional
uilt Grou
Fund		 11945 2 560 3 395 11110
290 219 102 563 102 166 17958 272 658
Total Chari
Unrestricted		 Funds 565 675 502 975 498 264 18958 551428

.
Movements
in restr		 icted
funds
Group and Charity
For the year ended
31October 2021		 As at 1
November
2020
E		 Income
6		 Expenditure Investment
(losses)
E		 Transfers
E		 As at 31
October
2021
E
Grantfunds:
Clydesdale
Bank Grant		 500 500
Heritage
Lottery
Fund
2020		 48,100 (11,130) 36,970
The Leche Trust 3,000 (4,735) 1,735
York Museum
Trust		 51 51
48,651 3,000 (15,916) 1,735 37,470
Legacy funds:
Anne Morgan
Fund		 11,210 11,210
Sue Belton Fund 11,850 444 (615) 2,470 14,149
Sue Rid
well Fund		 279 279
23,339 (615) 2,470 25,638
Donation funds:
640 for 40 years 14,508 450 14,958
Anne Tuck Fund 1,000 1,000
Doris Debney
Fund		 100 100
Mary Ann Corp Fund 48,718 1,538 (11,979) 38,277
Quilt Historians 575 575
QGBI Education
and
Travel Scholarship		 11,871 (4,649) 7,223
Fund
The Chair Fund 73 (65)
Youn
uilters'
Fund		 15332 9 665 16734 8 263
92 177 11654 33 427 70 404
Total restricted
funds		 164 167 15098 49 958 2 470 1 735 133512

7.
Movements
in rest		 ricted
funds (		 continued)
Group and Charity
For the year ended
31October 2020		 As at 1
November
2019f		 Income
E		 Expenditure Investment
(losses)
E		 Transfers
E		 As at 31
October
2020
Grant funds:
Clydesdale
Bank Grant		 500 500
Heritage
Lottery Fund
2020		 48,100 48,100
York Museum
Trust		 400 349 51
900 48,100 (349) 48,651
Legacy funds:
Anne
Morgan
Fund		 11,210 11,210
Sue Belton Fund 14,085 542 (2,777) 11,850
Sue Rid
well Fund		 395 117 279
25/690 543 (117) (2,777) 23,339
Donation funds:
640 for 40 years 11,899 2,609 14,508
Anne Tuck Fund 1,100 (100) 1,000
Doris Debney
Fund		 200 (100) 100
Mary Ann Corp Fund 33,004 (3,244) 18,958 48,718
Quilt Historians 575 575
QGBi Education
and
Travel Scholarship
Fund		 13,187 47 (1,363) 11,871
The Chair Fund 221 (148) 73
Youn
uilters'
Fund		 14590 16952 16210 15332
41 772 52 612 21 165 18958 92 177
Total restricted
funds 68 362 101255 21 631 2 777 18958 164 167

As at 31October
2021		 Unrestricted
fundsf		 Grant
fundsf		 Legacy
funds		 Donation
fundsf		 Total
funds
Grou
Fixed assets 34,841 15,444 50,293
Investments 10,116 10,116
Current assets 710,244 37,470 15,522 70,396 833,632
Current
liabilities		 173866 173,866
Total net assets 571 219 52 914 25 638 70 404 720 175
As at 31October
2021		 Unrestricted
funds		 Grant
fundsf		 Legacy
fundsf		 Donation
fundsf		 Total
fundsf
Chari
Fixed assets 34,206 15,444 49,658
Investments 10,116 10,118
Current assets 689,996 37,470 15,522 70,396 813I384
Current
liabilities		 (166,814) 166814
Total net assets 557 390 52,914 25 638 70 404 706 346
As at 31October
2020		 Unrestricted
fundsf		 Grant
fundsf		 Legacy
fundsf		 Donation
funds		 Total
fundsf
Grou
Fixed assets 44,639 51 73 44,763
Investments 7,646 7,646
Current assets 692,816 48,600 15,693 92,104 849,213
Current
liabilities		 172 198 172,198
Total net assets 565 257 48 651 23 339 92 177 729 424
As at 31October
2020
Charit		 Unrestricted
funds		 Grant
fundsf		 Legacy
fundsf		 Donation
funds		 Total
fundsf
Fixed assets 43,780 51 73 43,904
Investments 7,646 7,648
Current assets 672,328 48,600 15I691 92,104 828,723
Current
liabilities		 (164,680) 164 680
Total net assets 551430 48 651 23 337 92 177 715595


yments
under		 no ,


n-cancellable
operating
leases which		 fall due as follows:—
Group and Charity
2021 2020f
Payable within 1 year 7,254 24,000
Payable between 2 and 5 years 8,942
7I254 32,942

3.
Reconciliation		 of net moveme nt
in funds to net c		 ash flow from operatin g
activities
2021 2020
6 6
Net movement
in funds		 in the year (9,249) 81,558
Adjustments
for:
Depreciation
charge		 14,256 11,166
Amortisation 5,748 4,547
Profit on disposal
of		 fixed assets (30)
Investment
income		 (498) (2,124)
Investment
(gains) /		 losses (2,470) 2,777
Taxation charge 13 39
Decrease
in stock		 5,282 4,878
Decrease/(Increase) in debtors 16,689 (5,929)
(Decrease)/Increase in creditors 1,694 (69,061)
Net cash generated by operating activities 31,435 27,851

.

Including
Income and

Expenditure
Ac		 count) for the y ear ended 3 1October 20 20
Unrestricted
funds
E		 Designated
funds
E		 Restricted
funds
E		 2020
Totalf
Income from:
Donations
Donations
and sponsorship		 12,727 1,125 28,898 42,750
Grant Income 13,100 48,100 61,200
Gift Aid income 41,904 455 42,403
Activities for generating funds
Fundraislng 2.223 10,400 12,623
Membership
subscrlptions		 315,313 5,400 1,713 322,426
Other Income 12,259 12,259
investment
income		 2,886 647 3,533
Income from charitable activities
Other charitable
income		 95 994 11042 107036
Total income 400,412 102,563 101,255 604,230
Expenditure
on:
Raising funds
Charitable
activities		 (396,098) (102,166) (21,631) (519,895)
Total expenditure (396,098) (102,166) (21,631) (519,895)
Net income/(expenditure)
transfers		 before 4,314 397 79,624 84,335
Transfers
between
funds		 (1,000) (17,958) 18,958
Net income/(expenditure)
recognised
gains/(losses)		 before other 3,314 (17,561) 98,582 84,335
Gains/(losses)
on revaluation
investments		 of 2 777 2 777
Net movements
In funds		 in the year 3,314 (17,561) 95,805 81,558
Funds brought
forward		 275 456 290 219 68,362 634,037
Funds carried forward 278,770 272,658 164,167 715,595

Unrestricted Designated RestrIcted 2020
funds funds funds Total
E E E E
Income from:
Donations
Donations
and sponsorship		 7/169 1,125 28,898 37,192
Grant Income 14,087 48,100 62,187
Gift Aid Income 41,904 44 455 42,403
Activities for generating funds
Fundraising 2.223 10,400 12,623
Membership
subscrlptlons		 315,313 5,400 1,713 322,426
Retail sales 40,311 40,311
Other income 12,469 12,469
Investment
Income		 1,477 647 2,124
Income from charitable activities
Other charitable
income		 11076 95 994 11042 118112
Total income 446,029 102,563 101,255 649,847
Expenditure
on:
Raising
funds		 (34,442) (34,442)
Charitable
activities		 (407,234) (102,166) (21,631) (531,031)
Total expenditure (441,676) (102,166) (21/631) (565,473)
Net income /(expenditure)
before transfers		 4,353 397 79,624 84,374
Transfers
between
funds		 (1,000) (17,958) 18,958
Net (expenditure)/income
before taxation		 3,353 (17,561) 98,582 84,374
Taxation charge 39 39
Net income/(expenditure)
before
other recognised gains/(losses)
Gains/(losses)
on revaluation
of		 3,314 (17,561) 98,582 84,335
investments
Net movements
in funds		 in 2 777 2 777
the year 3,314 (17,561) 95,805 81,558
Funds brought
forward		 289 285 290 219
Funds carried forward 292,599 272,658 164,167 729,424