| Page | |||
|---|---|---|---|
| Reference and Administrative | Details ofthe Charity, its Trustees and Advisers | ||
| Trustees' Report |
2-23 | ||
| Independent | Auditors' Report |
on the Financial Statements | 24 —27 |
| Consolidated | Statement of Financial Activities | 28 | |
| Consolidated | Balance Sheet | 29 | |
| Charity Balance Sheet | 30 | ||
| Consolidated | Statement ofCash Flows | 31 | |
| Notes to the | Financial Statements | 32-59 | |
| Appendix I —Charity Statement |
of Financial Activities | ||
| Appendix II |
—Charity Statement ofCash Flows | ||
| Appendix III |
—Charity Income |
| Trustees | S Evans, President | |||||
|---|---|---|---|---|---|---|
| J C Blackburn | ||||||
| A J Daymond (appointed |
2 April 2022) | |||||
| J E Hall | ||||||
| E Ingle | ||||||
| SJ M Kelly | ||||||
| H M Pringle | ||||||
| C Powell (resigned | 30 | November 2022) |
||||
| S L Roberts (resigned | 11 | February 2023) | ||||
| P M Tanton (appointed | 2 | April 2022) | ||||
| H Vivian (resigned | 2 April | 2022) | ||||
| SBWarren (resigned | 13 | November 2021) | ||||
| M J Williams | ||||||
| M C Yeodal | ||||||
| Company | registered | |||||
| number | 03447631 | |||||
| Charity registered | ||||||
| numbers | 1067361and SC043174 | |||||
| Registered | office | St Anthony's Hall |
||||
| Peasholme Green |
||||||
| York | ||||||
| North Yorkshire | ||||||
| YO1 7PW | ||||||
| Company | secretary | M C Greensmith | ||||
| Chief executive officer | C Gatman | |||||
| Independent | auditors | Clive Owen LLP | ||||
| Chartered Accountants |
S | Statutory Auditors | ||||
| 140Coniscliffe Road | ||||||
| Darlington | ||||||
| County Durham | ||||||
| DL3 7RT | ||||||
| Bankers | Unity Trust Bank pic | |||||
| 4 Brindley Place | ||||||
| Birmingham | ||||||
| B12JB | ||||||
| COLA Investment | Management | |||||
| 1 Angel Lane | ||||||
| London | ||||||
| EC4R 3AB | ||||||
| Solicitors | Redkite Solicitors | |||||
| Natwest Bank Chambers |
||||||
| 12The Homend | ||||||
| Ledbury | ||||||
| Herefordshire | ||||||
| HRS 1AB |
| Executive Committee | ||||||
|---|---|---|---|---|---|---|
| Sheri Warren | (President —resigned 13 | November 2021) | ||||
| Sheila Evans | (Vice President - Acting President 13November |
2021 —appointed | ||||
| President 2 April 2022) |
||||||
| Helen Pringle | (Membership) | |||||
| Jenny Hall |
(Education) | |||||
| Melanic Williams | (Collections & Heritage) |
|||||
| Elizabeth Ingle |
(Communications) | |||||
| Jane Blackburn | (Treasurer) | |||||
| Guild Officers | ||||||
| Gill Clark | (Festival of Quilts Officer) | |||||
| Linda Bilsborrow | (Interim National Website |
Officer —appointed | December 2021) | |||
| Julie Edwards | (Bursaries Officer) |
|||||
| Lis Tate | (Library Officer) | |||||
| Carol Fieldhouse | (International Officer) |
|||||
| Lisbet Borggreen | (Quilt Judging Committee |
Chair- resigned | August 2022) | |||
| Stephanie Pettengell |
(Quilt Judging Committee |
Chair —appointed | August 2022) | |||
| Allison James | (Education Officer) |
|||||
| Rose Horton-Smith | (Heritage Officer —resigned | January 2022) | ||||
| Anne Gosling | (Guild Accountant) | |||||
| Kathryn Thompson |
(Event Officer —resigned | April 2022) | ||||
| Christine Adey |
(National Young Quilter Officer) |
| There | is | a | a | risk management | risk management | risk management | risk management | strategy by which trustees annually review the risks |
strategy by which trustees annually review the risks |
strategy by which trustees annually review the risks |
faced | faced | by | the charity | the charity | the charity | and |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| establish | procedures | to mitigate | the risks identified by the charity. 2021/22 saw the pandemic |
continue | to have | ||||||||||||
| an impact. | Trustees | continue | to | review The Guild's risks closely and to adjust as necessary |
to ensure | all | |||||||||||
| circumstances | have been | considered. The most significant risks identified by the Trustees |
continue to | be those | |||||||||||||
| highlighted | in | the following | table | and minor adjustments have been made to reflect evolving |
circumstances: | ||||||||||||
| RISK | MITIGATION | ||||||||||||||||
| Failure to | deliver an attractive | ~ | On-going work to increase benefits for members |
||||||||||||||
| offer to members | ~ | Strive to increase understanding of charitable purpose |
amongst | ||||||||||||||
| members | |||||||||||||||||
| ~ | Training &encouragement of regional committees |
||||||||||||||||
| ~ | Regular review ofworking practices and adaptation |
as | required | ||||||||||||||
| ~ | Membership survey and focus group feedback |
||||||||||||||||
| ~ | Sub-committee review |
||||||||||||||||
| Loss | of | membership | income | ~ | Constant review of membership offer |
||||||||||||
| growth | or | absolute | loss | in | ~ | Openness to changing processes and services |
|||||||||||
| membership | numbers | ~ | Appointment of marketing adviser/trustee |
||||||||||||||
| ~ | Provide alternative means of viewing the Guild Collection |
||||||||||||||||
| ~ | Apply for funding | ||||||||||||||||
| ~ | Change staff responsibilities to take online recruitment |
forward | |||||||||||||||
| ~ | Recruit marketing expertise |
||||||||||||||||
| ~ | Ensure membership fees are appropriate vs cost |
of | operation | ||||||||||||||
| and technolo | |||||||||||||||||
| Technological | change | ~ | Continue to develop / review website and technological |
position, | |||||||||||||
| including | website | skills and personnel | |||||||||||||||
| ~ | Be digitally active and constantly improving —cyber security |
as | |||||||||||||||
| a priority | |||||||||||||||||
| ~ | Ensure availability of appropriate equipment to facilitate |
home | |||||||||||||||
| working or working from different premises |
|||||||||||||||||
| ~ | Ensure staff have appropriate skills in changing technological |
||||||||||||||||
| world or recruit same | |||||||||||||||||
| ~ | Ensure emergency plan is up to date and regularly |
reviewed | |||||||||||||||
| ~ | Ensure tech artners are suitable and cost effective |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Note | 2022 F |
2022 f. |
2022f | 2021f | |||
| Income from: | |||||||
| Donations and |
legacies | 49,198 | 4,952 | 54,150 | 117,152 | ||
| Charitable activities |
259,293 | 1,272 | 260,565 | 159,202 | |||
| Other trading activities |
324,518 | 8,154 | 332,672 | 318,529 | |||
| Investments | 2,055 | 587 | 2,642 | 498 | |||
| Total income | 635,064 | 14,965 | 650,029 | 595,381 | |||
| Expenditure on: |
|||||||
| Raising funds | 29,213 | 29,213 | 33,124 | ||||
| Charitable activities |
9 | 721,818 | 32,453 | 754,271 | 573,963 | ||
| Total expenditure | 751,031 | 32,453 | 783,484 | 607,087 | |||
| Net expenditure | before net | ||||||
| (losses)/gains | on | investments | (115,967) | (17,488) | (133,455) | (11,706) | |
| Net (losses)/gains | on investments | (992) | (992) | 2,470 | |||
| Net expenditure | before taxation | (115,967) | (18,480) | (134,447) | (9,236) | ||
| Taxation | 1,099 | 1,099 | (13) | ||||
| Net movement | in | funds | (114,868) | (18,480) | (133,348) | (9,249) | |
| Reconciliation | of | funds: | |||||
| Total funds brought | forward | 586,663 | 133,512 | 720,175 | 729,424 | ||
| Net movement | in funds | (114,868) | (18,480) | (133,348) | (9,249) | ||
| Total funds carried forward | 471,795 | 115,032 | 586,827 | 720,175 |
| CONSOLIDATED | BALANCE SHEET | |||||
|---|---|---|---|---|---|---|
| AS AT 31 OCTOBER 2022 | ||||||
| Note | 2022f | 2021f | ||||
| Fixed assets | ||||||
| Intangible assets | 14 | 39,569 | 23,858 | |||
| Tangible assets | 15 | 17,098 | 26,435 | |||
| Investments | 16 | 9,124 | 10,116 | |||
| 65,791 | 60,409 | |||||
| Current assets | ||||||
| Stocks | 17 | 11,781 | 13,686 | |||
| Debtors | 18 | 41,248 | 17,826 | |||
| Cash at bank and in | hand | 647,760 | 802,120 | |||
| 700,789 | 833,632 | |||||
| Creditors: amounts | falling | due within | one | |||
| year | 19 | (179,753) | ff73,866) | |||
| Net current assets | 521,036 | 659,766 | ||||
| Total assets less current | liabilities | 586,827 | 720,175 | |||
| Total net assets | 586,827 | 720,175 | ||||
| Charity funds | ||||||
| Restricted funds | 20 | 115,032 | 133,512 | |||
| Unrestricted funds |
20 | 471,795 | 586,663 | |||
| Total funds | 586,827 | 720,175 |
| SEvans | ||
|---|---|---|
| President | Chair ofthe Audit Com | tee |
| FOR T | HE | YEAR ENDED 31 OCTOBER 202 | 2 | |
|---|---|---|---|---|
| 2022f | 2021f | |||
| Cash flows from operating activities |
||||
| Net cash used in operating activities |
(134,431) | 31,396 | ||
| Cash flows from investing activities |
||||
| Dividends, interests and rents from investments |
2,641 | 498 | ||
| Proceeds from the sale oftangible fixed |
assets | 420 | 30 | |
| Purchase of intangible assets |
(21,096) | (11,196) | ||
| Purchase of tangible fixed assets | (1,894) | (14,338) | ||
| Net cash used in investing activities |
(19,929) | (25,006) | ||
| Cash flows from financing activities |
||||
| Net cash provided by financing activities |
||||
| Change in cash and cash equivalents |
in | the year | (154,360) | 6,390 |
| Cash and cash equivalents at the beginning |
ofthe year | 802,120 | 795,730 | |
| Cash and cash equivalents at the end |
of | the year | 647,760 | 802, 120 |
| The notes on pages 32 to 59form part ofthese financial statements |
| Fixtures | and fittings | 10% straight | line |
|---|---|---|---|
| Office equipment | 20% straight | line | |
| Computer | equipment | 33% straight | line |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021f | 2021 | 2021 | |||
| Donations and |
sponsorship | 5,488 | 2,887 | 8,375 | |
| Grant income | 66,250 | 3,000 | 69,250 | ||
| Gift Aid income | 39,472 | 55 | 39,527 | ||
| 111,210 | 5,942 | 117,152 | |||
| Income from charitable | activities | ||||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2022 F |
2022f | 2022 E |
|||
| British Quilt Studies Group | 16,954 | 16,954 | |||
| Contemporary | Quilt | 16,235 | 16,235 | ||
| Judging Course |
15,213 | 15,213 | |||
| Education and |
outreach | 1,272 | 1,272 | ||
| Communication | |||||
| Miniature Quilt |
Group | 3,682 | 3,682 | ||
| Regional activities | 134,266 | 134,266 | |||
| Traditional Quilt Group |
3,597 | 3,597 | |||
| Modern Quilt Group |
4,746 | 4,746 | |||
| The Loft | 1,732 | 1,732 | |||
| FOQ events | 23,737 | 23,737 | |||
| Conference and magazine |
advertisements | 39,131 | 39,131 | ||
| 259,293 | 1,272 | 260,565 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| 6 | 6 | |||
| British Quilt Studies Group | 5,376 | 5,376 | ||
| Contemporary Quilt |
8,662 | 8,662 | ||
| Judging 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 | ||
| Conference and magazine |
advertisements | 17,345 | 17,345 | |
| 158,106 | 1,096 | 159,202 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| F | ||||
| Fundraising | 4,160 | 8,071 | 12,231 | |
| Membership | subscriptions | 289,610 | 83 | 289,693 |
| Other income | 3,100 | 3,100 | ||
| Retail sales | 27,648 | 27,648 | ||
| 324,518 | 8,154 | 332,672 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 6 |
2021 | 2021f | ||
| Fundraising | 7,110 | 7,110 | ||
| Membership | subscriptions | 273,781 | 505 | 274,286 |
| Other income | 2,662 | 2,662 | ||
| Retail sales | 34,471 | 34,471 | ||
| 310,914 | 7,615 | 318,529 | ||
| Investment | income | |||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2022f | 2022f | 2022 | ||
| Income from | local listed investments | 2,055 | 587 | 2,642 |
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2021 6 |
2021 6 |
2021f | ||
| Income from | local listed investments | 53 | 445 | 498 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2022 | |||
| F | ||||
| Museums | and Galleries | Exhibition Tax Relief refund | 1,086 | 1,086 |
| Unrestricted | Total | |||
| funds | funds | |||
| 2021 | 2021 | |||
| 6 | 6 | |||
| Corporation | Iax charge | 13 | 13 | |
| Page 40 |
| Unrestricted | Restricted | |
|---|---|---|
| funds | funds | Total |
| 2022f | 2022 F |
2022 6 |
| 721,818 | 32,453 | 754,271 |
| Unrestricted | Restricted | |
| funds | funds | Total |
| 2021 | 2021 6 |
2021f |
| 524,005 | 49,958 | 573,963 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total | ||
| directly | costs | funds | ||
| 2022 E |
2022 F |
2022f | ||
| Charitable | activities | 370,680 | 383,591 | 754,271 |
| Activities | ||||
| undertaken | Support | Total | ||
| directly | costs | funds | ||
| 2021 | 2021 | 2021f | ||
| Charitable | activities | 251,720 | 322,243 | 573,963 |
| Total | Total | ||
|---|---|---|---|
| Activities | funds | funds | |
| 2022 | 2022 | 2021 | |
| F | F | ||
| Staff costs | 6,680 | 6,680 | |
| Anne Morgan Legacy | 766 | 766 | |
| British Quilt Study Group | 16,423 | 16,423 | 4,038 |
| Collections' Management |
50 | 50 | 459 |
| Communication | 100,930 | 100,930 | 92,390 |
| C Q Award | 100 | 100 | |
| Contemporary Quilt |
12,682 | 12,682 | 7,259 |
| Doris Debney Fund | 100 | 100 | |
| Education | 11,646 | 11,646 | 5,012 |
| Life membership income release |
5,093 | 5,093 | 5,066 |
| Mary Ann Corp Fund | 14,513 | 14,513 | 11,979 |
| Membership | 5,282 | 5,282 | 10,877 |
| Miniature Quilt Group |
2,638 | 2,638 | 1,004 |
| Modern Quilt Group |
1,681 | 1,681 | 1,185 |
| Conference | 38,931 | 38,931 | 2,195 |
| QGBI - Education and Travel Scholarship |
2,284 | 2,284 | 4,649 |
| The Quilters Guild Collection |
4,387 | 4,387 | 2,169 |
| Regional activities |
134,500 | 134,500 | 66,639 |
| Sue Belton Award | 9 | 9 | 615 |
| Sue Ridgwell Trophy | 76 | 76 | |
| The Loft | 1,020 | 1,020 | |
| Traditional Quilt Group |
3,855 | 3,855 | 3,085 |
| The Leche Trust | 4,735 | ||
| Founder Members' bursary |
500 | ||
| Heritage Lottery Fund 2020 |
11,130 | ||
| Young Quilters' Project |
7,034 | 7,034 | 16,734 |
| 370,680 | 370,680 | 251,720 |
| Total | Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Activities | funds | funds | ||||||||
| 2022 | 2022 F |
2021f | ||||||||
| Staff costs | 259,801 | 259,801 | 212,625 | |||||||
| Amortisation of computer |
software | 5,385 | 5,385 | 5,748 | ||||||
| Audit and accountancy | charges | 12,800 | 12,800 | 9,550 | ||||||
| Bank charges | 4,849 | 4,849 | 7,946 | |||||||
| Computer maintenance |
17,450 | 17,450 | 16,762 | |||||||
| Depreciation of fixtures, |
fittings | & | equipment | 10,621 | 10,621 | 7,153 | ||||
| Equipment hire and maintenance |
1,667 | 1,667 | 2,581 | |||||||
| General insurance | 7,107 | 7,107 | 6,830 | |||||||
| Printing, postage and stationery |
10,027 | 10,027 | 9,081 | |||||||
| Premises costs | 30,594 | 30,594 | 31,163 | |||||||
| Professional fees | 1,089 | 1,089 | 2,465 | |||||||
| Sundries | 4,842 | 4,842 | 6,865 | |||||||
| Telephone and internet |
978 | 978 | 664 | |||||||
| Travel and subsistence | 499 | 499 | 27 | |||||||
| Governance costs |
15,882 | 15,882 | 2,783 | |||||||
| 383,591 | 383,591 | 322,243 | ||||||||
| Auditors' remuneration |
||||||||||
| 2022 | 2021 | |||||||||
| Fees payable to the Charity's | auditor | for | the audit ofthe Charity's | annual | ||||||
| accounts | 10,750 | 8,225 | ||||||||
| Fees payable to the Charity's | auditor | in respect of: | ||||||||
| All taxation advisory services |
not | included | above | 600 | 575 | |||||
| All non-audit services not included |
above | 750 |
| Staffcosts | |||||||
|---|---|---|---|---|---|---|---|
| Group | Group | Charity | Charity | ||||
| 2022 | 2021f | 2022f | 2021f | ||||
| Wages and | salaries | 253,975 | 215,758 | 244,914 | 195,547 | ||
| Social security costs | 14,446 | 11,063 | 14,402 | 11,063 | |||
| Contribution | to defined | contribution | pension | ||||
| schemes | 7,121 | 6,015 | 7,071 | 6,015 | |||
| 275,542 | 232,836 | 266,387 | 212,625 |
| Group | Group | Charity | Charity | |
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| No. | No. | No. | No. | |
| Employees | 14 | 13 | 12 | 13 |
| NOTES TO THE FINANCIAL STATEMENTS | ||||
|---|---|---|---|---|
| FOR THE YEAR ENDED 31 OCTOBER 2022 | ||||
| 14. | Intangible assets | |||
| Group | ||||
| Computer | ||||
| software | ||||
| 6 | ||||
| Cost | ||||
| At 1 November | 2021 | 37,245 | ||
| Additions | 21,097 | |||
| At 31 October 2022 | 58,342 | |||
| Amortisation | ||||
| At 1 November | 2021 | 13,387 | ||
| Charge for the year | 5,386 | |||
| At 31 October 2022 | 18,773 | |||
| Net book value | ||||
| At 31 October 2022 | 39,569 | |||
| At 31October 2021 | 23,858 |
| Intangible asse | ts (continued) | |
|---|---|---|
| Charity | ||
| Computer | ||
| software | ||
| Cost | ||
| At 1 November | 2021 | 37,245 |
| Additions | 21,097 | |
| At 31 October 2022 | 58,342 | |
| Amortisation | ||
| At 1 November | 2021 | 13,387 |
| Charge for the year | 5,386 | |
| At 31 October 2022 | 18,773 | |
| Net book value | ||
| At 31 October 2022 | 39,569 | |
| At 31 October 2021 | 23,858 |
| Fixtures and | Office | Computer | |||
|---|---|---|---|---|---|
| fittings | equipment | equipment | Total | ||
| F | |||||
| Cost or valuation | |||||
| At 1 November | 2021 | 72,654 | 11,626 | 54,274 | 138,554 |
| Additions | 214 | 448 | 1 231 | 1,893 | |
| Disposals | (370) | (797) | (1,167) | ||
| At 31 October 2022 | 72,868 | 11,704 | 54,708 | 139,280 | |
| Depreciation | |||||
| At 1 November | 2021 | 71,321 | 6,544 | 34,254 | 112,119 |
| Charge for the year | 611 | 1,610 | 9,009 | 11,230 | |
| On disposals | (370) | (797) | (1,167) | ||
| At 31 October 2022 | 71,932 | 7,784 | 42,466 | 122,182 | |
| Net book value | |||||
| At 31 October 2022 | 936 | 3,920 | 12,242 | 17,098 | |
| At 31October 2021 | 1,333 | 5,082 | 20,020 | 26,435 | |
| Charity | |||||
| Fixtures and | Office | Computer | |||
| fittings | equipment | equipment | Total | ||
| F | |||||
| Cost or valuation | |||||
| At 1 November | 2021 | 61,643 | 11,371 | 54,274 | 127,288 |
| Additions | 1,231 | 1,231 | |||
| Disposals | (370) | (797) | (1,167) | ||
| At 31 October 2022 | 61,643 | 11,001 | 54,708 | 127,352 |
| Charity (continued) | ||||||
|---|---|---|---|---|---|---|
| Fixtures and | Office | Computer | ||||
| fittingsf | equipment | f | equipment | Totalf | ||
| Depreciation | ||||||
| At 1 November 2021 |
60,871 | 6,363 | 34,254 | 101,488 | ||
| Charge for the year | 423 | 1,585 | 9,009 | 11,017 | ||
| On disposals | (370) | (797) | (1,167) | |||
| At 31 October 2022 | 61,294 | 7,578 | 42,466 | 111,338 | ||
| Net book value | ||||||
| At 31 October 2022 | 849 | 3,423 | 12,242 | 16,014 | ||
| At 31October 2021 | 772 | 5,008 | 20,020 | 25,800 | ||
| 16. | Fixed asset investments | |||||
| Investments | ||||||
| Group | F | |||||
| Cost or valuation | ||||||
| At 1 November 2021 |
10,116 | |||||
| Revaluations | (992) | |||||
| At 31 October 2022 | 9,124 | |||||
| Net book value | ||||||
| At 31 October 2022 | 9,124 | |||||
| At 31October 2021 | 10,118 |
| 17. | Stocks 4,120 |
|||
|---|---|---|---|---|
| Group | Group | |||
| 2022f | 2021f | |||
| Raw materials | and consumables | 11,781 | 13,686 | |
| 18. | Debtors |
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2022f | 2021 | 2022f | 2021f | ||
| Due within one year | |||||
| Trade debtors | 14,990 | 1,457 | 14,243 | 1,306 | |
| Amounts owed by group undertakings |
28,560 | 36,148 | |||
| Other debtors | 996 | 996 | |||
| Prepayments | and accrued income | 25,262 | 16,369 | 25,113 | 9,609 |
| 41,248 | 17,826 | 68,912 | 47,063 |
| Group | Group | Charity | Charity | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022f | 2021f | 2022 6 |
2021 | |||||||
| Trade creditors | 9,232 | 10,560 | 9,172 | 7,997 | ||||||
| Other taxation | and | social security | 5,542 | 4,496 | 4,284 | 3,852 | ||||
| Other creditors | 470 | 150 | 320 | |||||||
| Accruals | and deferred | income | 164,509 | 158,660 | 159,990 | 154,965 | ||||
| 179,753 | 173,866 | 173,766 | 166,814 | |||||||
| Group | Group | Charity | Charity | |||||||
| 2022 | 2021 | 2022 | 2021 | |||||||
| 6 | 8 | 6 | ||||||||
| Deferred | Income at 1 | November | 2021 | 139,481 | 137,172 | 139,481 | 137,172 | |||
| Resources deferred | during | the year | 150,684 | 139,481 | 150,684 | 139,481 | ||||
| Amounts | released from previous | periods | (139,481) | (137,172) | (139,481) | (137,172) | ||||
| 150,684 | 139,481 | 150,684 | 139,481 |
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||||||||
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| m | IA | |||||||||||||||||||||||
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| Statement offu |
nds - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | Balance at | |||||
| 1 November | Transfers | Gainer | 31October | |||
| 2020 | Income f |
Expenditure | inlout 6 |
(Losses) 6 |
2021 | |
| Unrestricted | ||||||
| funds | ||||||
| Designated | ||||||
| funds | ||||||
| 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 | |||
| Judging | ||||||
| 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 Quilt |
||||||
| Group Fund | 11,110 | 3,890 | (3,085) | 11,915 | ||
| 272,658 | 128,981 | (93,604) | (735) | 307,300 | ||
| General funds | ||||||
| General Funds | ||||||
| -all funds | 292,599 | 451,302 | (463,538) | (1,000) | 279,363 | |
| Total | ||||||
| Unrestricted | ||||||
| funds | 565,257 | 580,283 | (557,142) | (1,735) | 586,663 |
| Statement offun | ds - prior year | (continued) | |||||
|---|---|---|---|---|---|---|---|
| Balance at | Balance at | ||||||
| 1 November | Transfers | Gainsr | 31October | ||||
| 2020f | Income f |
Expenditure | f | inlout 6 |
(Losses) | 2021 | |
| Clydesdale | |||||||
| Bank Grant | 500 | 500 | |||||
| Heritage Lottery |
|||||||
| Fund | 48,100 | (11,130) | 36,970 | ||||
| Anne Morgan | |||||||
| Fund | 11,210 | 11,210 | |||||
| Sue Belton | |||||||
| Fund | 11,850 | 444 | (615) | 2,470 | 14,149 | ||
| Sue Ridgwell | |||||||
| Fund | 279 | 279 | |||||
| 240 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 | |||||||
| Fund | 11,871 | (4,649) | 7,223 | ||||
| The Chair Fund | 73 | (65) | 8 | ||||
| Young Quilters' | |||||||
| Fund | 15,332 | 9,665 | (16,734) | 8,263 | |||
| The Leche | |||||||
| Trust | 3,000 | (4,735) | 1,735 | ||||
| York Museum | 51 | (51) | |||||
| 164,167 | 15,098 | (49,958) | 1,735 | 2,470 | 133,512 | ||
| Total offunds | 729,424 | 595,381 | (607,100) | 2,470 | 720,175 |
| Analysis Analysis |
ofnet assets between funds ofnet assets between funds - current year |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| Tangible | fixed assets | 17,098 | 17,098 | |
| Intangible | fixed assets | 39,569 | 39,569 | |
| Fixed asset investments | 9,124 | 9,124 | ||
| Current assets | 594,881 | 105,908 | 700,789 | |
| Creditors | due within one year | (179,753) | (179,753) | |
| Total | 471,795 | 115,032 | 586,827 | |
| Analysis | of net assets between funds - prior year | |||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2021f | 2021 6 |
2021f | ||
| Tangible | fixed assets | 26,427 | 26,435 | |
| Intangible | fixed assets | 23,858 | 23,858 | |
| Fixed asset Investments | 10,116 | 10,116 | ||
| Current assets | 710,244 | 123,388 | 833,632 | |
| Creditors | due within one year | (173,866) | (173,866) | |
| 586,663 | 133,512 | 720,175 |
| Group | Group | |||||||
|---|---|---|---|---|---|---|---|---|
| 2022 F |
2021f | |||||||
| Net expenditure for |
the year (as per Statement | of Financial | Activities) | (133,348) | (9,249) | |||
| Adjustments for: |
||||||||
| Depreciation charges |
11,230 | 14,256 | ||||||
| Amortisation charges |
5,386 | 5,748 | ||||||
| Gains/(losses) on investments |
992 | (2,470) | ||||||
| Dividends, interests |
and rents | from investments | (2,642) | (498) | ||||
| Profit on the sale of | fixed assets | (420) | (30) | |||||
| Decrease in stocks |
1,905 | 5,282 | ||||||
| Decrease/(increase) | in debtors | (23,421) | 16,689 | |||||
| Increase in creditors |
6,986 | 1,694 | ||||||
| Taxation charge | (1,099) | (26) | ||||||
| Net cash provided | by/(used | in) operating | activities | (134,431) | 31,396 | |||
| 23. | Analysis ofcash and cash equivalents | |||||||
| Group | Group | |||||||
| 2022f | 2021 | |||||||
| Cash in hand | 647,760 | 802,120 | ||||||
| Total cash and cash equivalents | 647,760 | 802,120 | ||||||
| 24. | Analysis ofchanges in net debt |
|||||||
| At 1 | At 31 | |||||||
| November | October | |||||||
| 2021 | Cash flows | 2022 | ||||||
| 6 | ||||||||
| Cash at bank and in | hand | 802,120 | (154,360) | 647,760 | ||||
| 802,120 | (154,360) | 647,760 |
| Group | Group | Charity | Charity | ||||
|---|---|---|---|---|---|---|---|
| 2022f | 2021f | 2022f | 2021f | ||||
| Contracted | for but not provided | in these | |||||
| financial statements | |||||||
| Acquisition | of tangible | fixed assets | 12,012 | 18,876 | 12,012 | 18,876 |
| Group | Group | Charity | Charity | |||||
|---|---|---|---|---|---|---|---|---|
| 2022f | 2021 | 2022 f. |
2021 | |||||
| Not | later | than | 1 | year | 7,254 | 7,254 |
| FOR THE Y | EAR ENDED 31OCTOB | ER 2022 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| 6 | |||||||
| Income from: | |||||||
| Donations and |
legacies | 49,198 | 4,952 | 54,150 | 125,343 | ||
| Charitable activities |
220,162 | 1 272 | 221,434 | 141,857 | |||
| Other trading | activities | 296,529 | 8,154 | 304,683 | 282,836 | ||
| Investments | 3,538 | 587 | 4,125 | 1,998 | |||
| Total income | |||||||
| 569427 | 14965 | 554392 | 552634 | ||||
| Expenditure on: |
|||||||
| Raising funds | |||||||
| Charitable activities |
675,671 | 32,453 | 708,124 | 563,753 | |||
| Total expenditure | 675 671 | 32453 | 708124 | 563753 | |||
| Net expenditure | before net | ||||||
| (losses)/gains | on | investments | (106,244) | (17,488) | (123,732) | (11,719) | |
| Net (losses)/gains | on investments | (992) | (992) | 2,470 | |||
| Net expenditure | before taxation | ||||||
| (106,244) | (18,480) | (124,724) | (9,249) | ||||
| Taxation | 1,086 | 1,086 | |||||
| Net movement | in | funds | ~ILI553~u5s | ~3a53~24 | |||
| Reconciliation | of | funds: | |||||
| Total funds brought | forward | 572,834 | 133,512 | 706,346 | 715,595 | ||
| Net movement | in | funds | (105,158) | (18,480) | (123,638) | (9,249) | |
| Total funds carried forward | 4)6ZJB&~5iJQ2.~6~&~Q~4 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Net expenditure for |
the year (as per Statement | of Financial | Activities) | (123,638) | (9,249) | ||
| Adjustments for: |
|||||||
| Depreciation charges |
11,017 | 14,032 | |||||
| Amortisation charges |
5,386 | 5,748 | |||||
| Gains/(losses) on investments |
992 | (2,470) | |||||
| Dividends, interests |
and rents | from investments | (4,125) | (1,998) | |||
| Profit on the sale of | fixed assets | 420 | (30) | ||||
| Decrease/(increase) | in debtors | (21,849) | 14,676 | ||||
| Increase in creditors |
6,952 | 2,134 | |||||
| Taxation charge | (1,086) | ||||||
| Net cash provided | by/(used | in) operating | activities | ~Lrrs | ~22 4 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| E | E | K | ||
| Donations | and sponsorship | 10,783 | 4,862 | 15,645 |
| Grant income | 750 | 750 | ||
| Gift Aid income | 37,665 | 90 | 37,755 | |
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2021 6 |
2021 | 2021f | ||
| Donations | and sponsorship | 13,679 | 2,887 | 16,566 |
| Grant income | 66,250 | 3,000 | 69,250 | |
| Gift Aid income | 39,472 | 55 | 39,527 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022f | 2022 6 |
2022 6 |
||
| British Quilt Studies Group | 16,954 | 16,954 | ||
| Contemporary | Quilt | 16,235 | 16,235 | |
| Judging Course |
15,213 | 15,213 | ||
| Education and |
outreach | 1,272 | 1,272 | |
| Communication | ||||
| Miniature Quilt |
Group | 3,682 | 3,682 | |
| Regional activities | 134,266 | 134,266 | ||
| Traditional Quilt Group |
3,597 | 3,597 | ||
| Modern Quilt Group |
4,746 | 4,746 | ||
| The Loft | 1,732 | 1,732 | ||
| FOQ events | 23,737 | 23,737 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2021f | |
| British Quilt Studies Group | 5,376 | 5,376 | |
| Contemporary Quilt |
8,662 | 8,662 | |
| Judging 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 ~47 t~~4tJhiT |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 6 |
2022f | 2022 6 |
||
| Fundraising | 4,160 | 8,071 | 12,231 | |
| Membership | subscriptions | 289,610 | 83 | 289,693 |
| Other income | 2,759 | 2,759 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| 5 | 6 | |||
| Fundraising | 7,110 | 7,110 | ||
| Membership | subscriplions | 273,781 | 505 | 274,286 |
| Other income | 1,440 ~2T 22 |
~f | 1,440 ~22,82i |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2022 | 2022 |
| E |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2021 | 2021 |
| E | E |