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|||||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|
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|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||
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|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||||
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|||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|
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|
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|