## 

## 

## 

|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Charity,|its Trustees and Advisers||
|Trustees'<br>Report||||2-16|
|Independent|Auditors'<br>Report|on the Financial Statements||17-20|
|Consolidated|Statement of Financial Activities|||21|
|Consolidated|Balance Sheet|||22|
|Charity Balance Sheet||||23|
|Consolidated|Statement ofCash Flows|||24|
|Notes to the|Financial Statements|||25 - 56|
|Appendix<br>I —Charity Statement||of Financial Activities|||
|Appendix<br>II|—Charity Statement<br>ofCash Flows||||
|Appendix<br>III|—Charity Income||||





## 

## 

## 

|Trustees|||SEvans, President|SEvans, President||||
|---|---|---|---|---|---|---|---|
||||J C Blackburn|||||
||||AJ Daymond|||||
||||J E Hall|||||
||||E Ingle|||||
||||SJ M Kelly|||||
||||H M Pringle|||||
||||S L Roberts|(Resigned||11 February|2023)|
||||P M Tanton|||||
||||C Powell (Resigned 30|||November|2022)|
||||M J Williams|||||
||||M C Yeodal|(Resigned||31 March 2023)||
|Company|registered|||||||
|number|||03447631|||||
|Charity registered||||||||
|numbers|||1067361 and SC043174|||||
|Registered||office|St Anthony's|Hall||||
||||Peasholme|Green||||
||||York|||||
||||North Yorkshire|||||
||||YO1 7PW|||||
|Company|secretary||A E Gosling|(Appointed||1 July 2023)||
|Chief executive officer|||C Rayner|||||
|Independent||auditors|Clive Owen|LLP||||
||||Chartered<br>Accountants|||8 Statutory|Auditors|
||||140Coniscliffe Road|||||
||||Oarlington|||||
||||County Durham|||||
||||DL3 7RT|||||
|Bankers|||Unity Trust Bank pic|||||
||||4 Brindley Place|||||
||||Birmingham|||||
||||B12JB|||||
|Investment||advisers|CCLA Investment||Management|||
||||1 Angel Lane|||||
||||London|||||
||||EC4R 3AB|||||





## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

|Awarded<br>to|Awarded<br>to|
|---|---|
|Hila|S ilsbu|
|Lauren|Conner|



## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

|RISK|||||MITIGATION|MITIGATION||||
|---|---|---|---|---|---|---|---|---|---|
|Failure|to|deliver an|||~|Continuously<br>look to enhance<br>member<br>benefits and||||
|attractive||offer to members||||communicate<br>these improvements<br>effectively.||||
||||||~|Conduct regular<br>membership<br>surveys<br>and focus groups to||||
|||||||create on-going feedback loop.||||
||||||~|Provide training<br>and support to regional<br>committees||for better||
|||||||member engagement.||||
||||||~|Strengthen<br>the connection<br>between<br>members<br>and|the core|||
|||||||mission ofthe organisation||||
|Loss of|membership|||income|~|Regularly<br>review and adapt the membership<br>offer to||meet||
|growth|or|absolute loss in||||evolving<br>member needs.||||
|membership|||numbers||~|Explore alternative<br>means ofaccessing The Quilt Collection.||||
||||||~|Apply for funding<br>to support<br>growth<br>initiatives.||||
||||||~|Use marketing<br>and branding<br>campaigns<br>to drive membership||||
|||||||acquisition<br>and retention<br>efforts.||||
||||||~|Foster a welcoming<br>environment<br>for new and diverse|||members,|
|||||||ensuring<br>long-term<br>sustainability.||||
|Technological|||change||~|Continuously<br>develop<br>and review our technological||||
|including||website||||infrastructure.||||
||||||~|Ensure staff have the necessary<br>skills for evolving|technology|||
|||||||or work with agencies to provide the impact.||||
||||||~|Embrace technological<br>advancements<br>to enhance|outreach|||
|||||||and engagement.||||
|Financial||challenges||and the|~|Monitor financial<br>stability<br>regularly<br>and make data-driven||||
|need for sustainable||||revenue||decisions.||||
||||||~|Diversify revenue streams<br>through<br>strategic initiatives.||||
||||||~|Continue<br>implementing<br>new operational<br>strategies|to||improve|
|||||||financial<br>health.||||
||||||~|Explore opportunities<br>for cost savings<br>and increased|||efficiency|
|||||||in operations.||||
||||||~|Maintain<br>transparency<br>and accountability<br>in financial||||
|||||||management.||||



## 

## 



## 

## 

## 



## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 


## 



## 

## 

||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2023f|2023f|2023<br>6|2022f|
|Income from:|||||||
|Donations<br>and legacies|||55,833|16,412|72,245|54,150|
|Charitable<br>activities|||182,109|3,588|185,697|260,565|
|Other trading<br>activities|||326,864|8,597|335,461|332,672|
|Investments|||11,609|994|12,603|2,642|
|Total income|||576,415|29,591|606,006|650,029|
|Expenditure<br>on:|||||||
|Raising funds||9|29,897||29,897|29,213|
|Charitable<br>activities||10|638,182|38,580|676,762|754,272|
|Total expenditure|||668,079|38,580|706,659|783,485|
|Net expenditure<br>before net losses on|||||||
|investments|||(91,664)|(8,989)|(100,653)|(133,456)|
|Net losses on investments||||(133)|(133)|(992)|
|Net expenditure<br>before taxation|||(91,664)|(9,122)|(100,786)|(134,448)|
|Taxation|||2,446||2,446|1,099|
|Net expenditure<br>after taxation|||(89,218)|(9,122)|(98,340)|(133,349)|
|Transfers<br>between|funds|21|(6,324)|6,324|||
|Net movement<br>in|funds||(95,542)|(2,798)|(98,340)|(133,349)|
|Reconciliation<br>of|funds:||||||
|Total funds brought|forward||471,794|115,032|586,826|720,175|
|Net movement<br>in funds|||(95,542)|(2,798)|(98,340)|(133,349)|
|Total funds carried forward|||376,252|112,234|488,486|586,826|









## 

|||||Note||2023f||2022f|
|---|---|---|---|---|---|---|---|---|
|Fixed assets|||||||||
|Intangible<br>assets||||15||32,108||39,569|
|Tangible assets||||16||10,342||16,014|
|Investments||||17||58,993||9,126|
|||||||101,443||64,709|
|Current assets|||||||||
|Debtors||||19|84,122||68,912||
|Cash at bank and|in|hand|||584,114||622,853||
||||||668,236||691,765||
|Creditors: amounts||falling|due within one||||||
|year||||20|(285,964)||(173,766)||
|Net current assets||||||382,272||517,999|
|Total assets less|current||liabilities|||483,715||582,706|
|Total net assets||||||483,715||582,708|
|Charity funds|||||||||
|Restricted funds||||21||112,234||115,032|
|Unrestricted<br>funds||||21||371,481||467,676|
|Total funds||||||483,715||582,708|





## 

## 

## 

|FOR THE|YEAR ENDED 31OCTOBER 20|23||
|---|---|---|---|
|||2023<br>f|2022<br>f|
|Cash flows from operating<br>activities||||
|Net cash used<br>in operating<br>activities||(11,604)|(134,431)|
|Cash flows from investing<br>activities||||
|Dividends,<br>interests<br>and rents from investments||12,603|2,641|
|Proceeds from the sale oftangible<br>fixed assets||150|420|
|Purchase ofintangible<br>assets||(7,426)|(21,096)|
|Purchase oftangible<br>fixed assets||(3,964)|(1,894)|
|Net cash provided<br>by/(used<br>in) investing|activities|1,361|(19,929)|
|Cash flows from financing<br>activities||||
|Net cash provided<br>by financing<br>activities||||
|Change<br>in cash and cash equivalents<br>in|the year|(10,243)|(154,360)|
|Cash and cash equivalents<br>at the beginning|ofthe year|647,760|802,120|
|Cash and cash equivalents<br>at the end of|the year|637,517|647,760|
|The notes on pages 25 to 56 form part ofthese financial statements||||





## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023f|2023|2023f|
|Donations|and sponsorship|12,274|3,540|15,814|
|Grant income|||2,123|2,123|
|Gift Aid income||43,559|10,749|54,308|
|||55,833|16,412|72,245|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022f|2022f|2022f|
|Donations|and sponsorship|10,783|4,862|15,645|
|Grant income||750||750|
|Gift Aid income||37,665|90|37,755|
|||49,198|4,952|54,150|



## 

## 

||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023<br>F|2023f|2023f|
|British Quilt Studies Group|||4,225||4,225|
|Contemporary<br>Quilt|||13,547||13,547|
|Judging<br>Course|||7,856||7,856|
|Education<br>and outreach|and Communication||28,441|3,588|32,029|
|Miniature<br>Quilt Group|||3,801||3,801|
|Regional<br>activities|||81,671||81,671|
|Traditional<br>Quilt Group|||4,290||4,290|
|Modern<br>Quilt Group|||5,810||5,810|
|The Loft|||21,687||21,687|
|FOQ events||||||
|Conference<br>and magazine||advertisements|10,781||10,781|
||||182,109|3,588|185,697|





## 

## 

## 

## 

|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022f|2022f|2022f|
|British Quilt Studies Group||16,954||16,954|
|Contemporary<br>Quilt||16,235||16,235|
|Judging<br>Course||15,213||15,213|
|Education<br>and outreach|||1,272|1,272|
|Miniature<br>Quilt Group||3,682||3,682|
|Regional<br>activities||134,266||134,266|
|Traditional<br>Quilt Group||3,597||3,597|
|Modern<br>Quilt Group||4,746||4,746|
|The Loft||1,732||1,732|
|FOQ events||23,737||23,737|
|Conference<br>and magazine|advertisements|39,131||39,131|
|||259,293|1,272|260,565|





## 

## 

## 

## 

## 

||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023f|2023<br>6|2023|
||Fundraising||1,791|8,460|10,271|
||Membership|subscriptions|280,724|117|280,841|
||Other income||16,700||16,700|
||Retail sales||27,649||27,649|
||||326,864|8,597|335,461|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2022f|2022f|2022|
||Fundraising||4,160|8,071|12,231|
||Membership|subscriptions|289,523|170|289,693|
||Other income||3,100||3,100|
||Retail sales||27,648||27,648|
||||324,431|8,241|332,672|
|7,|Investment|income||||
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2023|2023|2023|
||||6|||
||Income from|local listed investments|11,609|994|12,603|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2022f|2022<br>5|2022f|
||Income from|local listed investments|2,055|587|2,642|





## 

## 

## 

## 

||||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|
||||||||2023<br>6|2023f|
|Museums|and||Galleries|Exhibition|Tax Relief||2,446|2,446|
||||||||Unrestricted|Total|
||||||||funds|funds|
||||||||2022f|2022f|
|Museums|and||Galleries|Exhibition|Tax Relief||1,086|1,086|
|Expenditure|||on raising funds||||||
|Raising funds expenditure|||||||||
|||||||Unrestricted|Total|Total|
|||||||funds|funds|funds|
|||||||2023f|2023<br>6|2022|
|Raising funds||||||28,025|28,025|27,568|
|Wages and||salaries||||1,761|1,761|1,551|
|Social security|||costs|||58|58|44|
|Contribution||to defined||contribution|pension schemes|53|53|50|
|||||||29,897|29,897|29,213|



## 

|||Unrestricted|Restricted||
|---|---|---|---|---|
|||funds|funds|Total|
|||2023<br>6|2023<br>6|2023f|
|Charitable|activities|638,182|38,580|676,762|





## 

## 

## 

## 

|Unrestricted|Restricted||
|---|---|---|
|funds|funds|Total|
|2022f|2022<br>f|2022|
|728,883|25,389|754,272|



## 

|||Activities|||
|---|---|---|---|---|
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2023|2023|2023|
|Charitable|activities|313,949|362,813|676,762|
|||Activities|||
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2022|2022f|2022f|
|Charitable|activities|356,405|397,867|754,272|





## 

## 

## 

## 

|Analysis ofdirect co|sts|||
|---|---|---|---|
|||Total|Total|
|||funds|funds|
|||2023|2022|
||||8|
|Staff costs - 640 for 40 years||11,542||
|Doris Debney Fund|||100|
|Anne Morgan Legacy Fund||586|766|
|British Quilt Study Group||3,731|f6,423|
|Communication||107,903|93,334|
|Collection<br>Management||2,679|50|
|Contemporary<br>Quilt||7,864|12,782|
|Education||8,342|11,646|
|Life membership<br>income release||4,911|5,093|
|Mary Ann Corp Fund||10,715|14,513|
|Membership||7,683|5,282|
|Miniature<br>Quilt Group||3,827|2,638|
|Modern<br>Quilt Group||4,753|1,681|
|Conference|||38,932|
|QGBI - Education<br>and|Travel Scholarship|405|2,284|
|The Quilters<br>Guild Collection||3,528|4,387|
|Regional activities||94,510|134,500|
|Sue Belton Award|||9|
|Sue Ridgwell<br>Trophy|||76|
|The Loft||21,900|1,020|
|Traditional<br>Quilt Group||3,747|3,855|
|Quilt Judging<br>Bursary||29||
|Museum<br>Development|Fund|2,539||
|Heritage<br>Lottery Fund Depreciation||8,313||
|Young Quilters Project|and Young Quilters Project Staff Costs|4,442|7,034|
|||313,949|356,405|





## 

## 

## 

||Analysis ofsupport c|o|sts||||||
|---|---|---|---|---|---|---|---|---|
||||||||Total|Total|
||||||||funds|funds|
||||||||2023|2022f|
||Staff costs||||||249,545|273,897|
||Amortisation<br>ofcomputer||software||||5,055|5,385|
||Audit and accountancy|charges|||||13,350|12,800|
||Bank charges||||||1,106|4,849|
||Computer<br>maintenance||||||15,591|17,450|
||Depreciation<br>offixtures,||fittings 8 equipment||||7,869|10,621|
||Equipment<br>hire and maintenance||||||2,312|1,667|
||General insurance||||||7,946|7,107|
||Printing,<br>postage and stationery||||||8,055|10,027|
||Premises costs||||||35,419|30,594|
||Professional<br>fees||||||2,330|1,089|
||Sundries||||||9,624|5,022|
||Telephone<br>and internet||||||1,377|978|
||Travel and subsistence||||||181|499|
||Governance<br>costs||||||3,053|15,882|
||||||||362,813|397,867|
|12.|Auditors'<br>remuneration||||||||
||||||||2023f|2022f|
||Fees payable<br>to the Group's|||auditor|for the audit ofthe Group's|annual|||
||accounts||||||11,750|10,750|
||Fees payable<br>to the Charity's|||auditor|in respect of:||||
||All taxation<br>advisory services|||not included above|||650|600|





## 

## 

## 


||Group|Group|Charity|Charity|
|---|---|---|---|---|
||2023|2022|2023|2022|
||No.|No.|No.|No.|
|Employees|13|14|11|12|



## 



## 

|||Computer|
|---|---|---|
|||software|
|||6|
|Cost|||
|At 1 November|2022|58,342|
|Additions||7,428|
|At 31 October 2023||65,770|
|Amortisation|||
|At 1 November|2022|18,773|
|Charge for the year||14,889|
|At 31 October 2023||33,662|
|Net book value|||
|At 31 October 2023||32,108|
|At 31October 2022||39,569|





## 

## 

## 

## 

## 

|||Fixtures and|Office|Computer||
|---|---|---|---|---|---|
|||fittingsf|equipment<br>E|equipment<br>6|Totalf|
|Cost or valuation||||||
|At 1 November|2022|72,868|11,001|55,411|139,280|
|Additions||462|2,458|1,044|3,964|
|Disposals|||(699)|(14,525)|(15,224)|
|At 31 October 2023||73,330|12,760|41,930|128,020|
|Depreciation||||||
|At 1 November|2022|71,933|7,578|42,672|122,183|
|Charge for the year||557|1,457|7,098|9,112|
|On disposals|||(699)|(14,525)|(15,224)|
|At 31 October 2023||72,490|8,336|35,245|116,071|
|Net book value||||||
|At 31 October 2023||640|4,424|6,685|11,949|
|At31October 2022||935|3,423|12,739|17,097|
|Charity||||||
|||Fixtures and|Office|Computer||
|||fittingsf|equipment|equipment<br>E|Total<br>6|
|Cost or valuation||||||
|At 1 November|2022|61,643|11,001|54,708|127,352|
|Additions||462|2,458|199|3,119|
|Disposals|||(699)|(14,525)|(15,224)|
|At 31 October 2023||62,105|12,760|40,382|115,247|





## 

## 

## 

## 

|Charity (continued)|||||
|---|---|---|---|---|
||Fixtures and|Office|Computer||
||fittings<br>6|equipment<br>f|equipment<br>6|Total<br>E|
|Depreciation|||||
|At 1 November 2022|61,294|7,578|42,466|111,338|
|Charge for the year|350|1,457|6,984|8,791|
|On disposals||(699)|(14,525)|(15,224)|
|At 31 October 2023|61,644|8,336|34,925|104,905|
|Net book value|||||
|At 31 October 2023|461|4,424|5,457|10,342|
|At 31October 2022|349|3,423|12,242|16,014|



## 

||Listed|
|---|---|
||investments|
|Group||
|Cost or valuation||
|At 1 November 2022|9,124|
|Revaluations|(133)|
|At 31 October 2023|8,991|
|Net book value||
|At 31 October 2023|8,991|
|At 31October 2022|9,124|





## 

## 

## 

|||Investments|||
|---|---|---|---|---|
|||in|||
|||subsidiary|Listed||
|||companies|investments|Total|
|Charity|||6||
|Cost or valuation|||||
|At 1 November|2022|2|9,124|9,126|
|Additions||50,000||50,000|
|Revaluations|||(133)|(133)|
|At 31 October 2023||50,002|8,991|58,993|
|Net book value|||||
|At 31 October 2023||50,002|8,991|58,993|
|At 31October 2022||2|9124|9,126|



## 

|Name|||Company|Registered|office or principal|Principal|activity|
|---|---|---|---|---|---|---|---|
||||number|place ofbusiness||||
|Festival of|Quilts Limited||03538705|St Anthony's|Hall, Peasholme|Operation|of arts|
|||||Green, York, North Yorkshire,||facilities||
|||||YO1 7PW||||
|Class of|Holding|Included|in|||||
|shares||consolidation||||||
|Ordinary|100%|Yes||||||



|Name||||Income|Expenditure|Profit/(Loss)|Net assets|
|---|---|---|---|---|---|---|---|
|||||6||ISurplus/|6|
|||||||(Deficit) for||
|||||||the year||
|||||||6||
|Festival|of|Quilts|Limited|94,319|(93,666)|653|54,773|





## 

## 

## 

## 

|||||Group|Group|
|---|---|---|---|---|---|
|||||2023f|2022f|
|Raw|materials|and|consumables|7,828|11,761|



## 

|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023f|2022f|2023f|2022f|
|Due within one year||||||
|Trade debtors||45,238|14,990|45,238|14,243|
|Amounts<br>owed by group undertakings|||||28,560|
|Other debtors||3,479|996|3,479|996|
|Prepayments|and accrued income|35,463|25,262|35,405|25,113|
|||84,180|41,248|84,122|68,912|





## 

## 

||||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2023|2022f|2023|2022|
|Trade creditors|||||||17,090|9,232|16,013|9,172|
|Amounts|owed|to group undertakings|||||||99||
|Other taxation||and||social|secudty||4,531|5,542|2,616|4,284|
|Other creditors|||||||986|470|524|320|
|Accruals|and deferred<br>income||||||271,480|164,509|266,712|159,990|
||||||||294,087|179,753|285,964|173,766|
||||||||Group|Group|Charity|Charity|
||||||||2023|2022f|2023f|2022f|
|Deferred|income at|||1 November||2022|150,684|139,481|150,684|139,481|
|Resources deferred||||during|the year||253,695|150,684|253,695|150,684|
|Amounts|released||from previous|||periods|(150,684)|(139,481)|(150,684)|(139,481)|
||||||||253,695|150,684|253,695|150,684|





|||||||tll<br>0|4I<br> 0|th <br>IV<br>CI|W|44<br>Itt|th<br>0|4I<br> 0|th <br>O|W|CO|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||LO <br>m|Q|||T|lh <br>lh|Q|||CO|
|||||||||th|W|||||W||
|||||||||Cl||||||||
|||||||||th|||||th|||
|||||||||th0|||||fh<br>0|||
||||||||th||4I|||th||W||
||||||||Cl|0||||tll|0|||
||||||||NL|L||||lhC|L|||
||||||||LO|||||LO||||
||||||||I-|||||||||
|||||||||L <br>0|4l||||C4l||th|
|||||||||thX|||||X|||
|||||||||tllI-|||||ttlI-|||
|UI<br>lU||||||||Ol <br>1|W||||Ol|4l|IA<br>Cl|
|III<br>Ih<br>E<br>IC<br>IU <br>2I-<br>LLQ<br>d|0<br>0<br>mC<br>t<br>lh<br> 0<br>4l<br>E|2 Ctt<br>LU IC<br>Z IU<br>LU IU<br>I- Q<br>~ I-<br>Q<br>UIO<br>O CI<br>Z<br>LU<br>OL' d<br>ZZ||||||'0<br>C<br>4l0.<br>X<br>lU<br>Cl <br>E00L|W|TCl<br>ttt<br>0l|||a<br>X<br>UI<br>CIW<br>E<br>00<br>C||EDO<br>th<br>o<br>th<br>O<br>th|
|Py<br>Ih<br>R<br>LU~ <br>5<br>Q<br>LU2I-|m<br>E<br> o<br>m:|U.<br>LU<br>UJ R<br>2 CI<br>I- IU<br>p &-<br>I<br>IU<br>In 2<br>I- IC<br>Qp<br>Z<br>LL||||Ol<br>0C<br>LO<br>CL|~~ <br>0 <br>E<br>2|Itt <br> 4'<br>O<br>tent|W|Ctt<br>CI<br>LA|m<br>0<br>C <br>Cl<br>CI|t"<br>Cl<br>m<br>2|tent<br>o|||
||||||Cl|||||||||||
||||||C|||||||||||
||||||L00|||||||||||
||||||I|||||||||||
||||||tll|||||||||||
||||||Cl|||||||||||
|||||Cl||||||||||||
|||||L||||||||||||
|||||0|0|||||||||||
|||||th<br>'0|th<br>'0|||||||||||
|||||C|C|||||||||||
|||||0|0||||||||||Vl'0<br>C|
|||||L|C|||||||||||
|||||Ih<br>E|Cl<br>E||||||||||0|
|||||Cl<br>lh<br>I0|Cl<br>Cl<br>Ih||||||||||ttl0I-|





||||||||ID<br>0 <br>C <br>ID <br>ID|Vl<br> 0<br> 0<br> Q<br> T|III <br>4«<br>Cl<br>CV|04|||XO <br>C«|O<br> t|Cl<br>XI<br>VI<br>Xo O<br>VI <br>'lP<br>Vl<br>Cu<br>O<br>C«VX|Cl<br>XI<br>VI<br>Xo O<br>VI <br>'lP<br>Vl<br>Cu<br>O<br>C«VX|Cl<br>XI<br>VI<br>Xo O<br>VI <br>'lP<br>Vl<br>Cu<br>O<br>C«VX|W <br> O<br>«4<br>I<br>4«|t-<br>VI<br>O<br>VX|VX<br>0<br>IXI<br>IO<br>t|XX<br>h<br>I<br>ol<br>IO|I<br>IO<br>XO|Ol|I<br>Al<br>VX|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||IV<br>XV|||||||||||||I|I|I|CI<br>CI<br>CI||O<br>ClO|
|||||||||||||||||||||||||T|||
|||||||||ID|||||||||||||||||||
||||||||||C <br>,0|4l|||||||||||||||||
||||||||||ID||||||||||||||||||
|XII<br>LU<br>N<br>Z<br>IU <br>I-|DI<br>I<br>DI<br> P|I- <br>Z <br>IU <br>Z<br>lU <br>I- <br>I- <br>XO|o<br> 44<br> IL<br>LU<br> IU<br>p<br>o<br> p||||||Vl <br>VlO.<br>lU<br>ID <br>E<br>8|X«I<br> 0I|||IO<br>Cb<br>Xo|O<br>IO<br>XO<br>DI<br>OI|C«<br>00<br>XO<br>4«<br>IO<br>4«<br>Io||O<br>Xo <br>O|Xb<br>Cb<br> O<br>lo<br>O<br>CI<br>I|Ill<br>VX<br>Io<br>Ol<br>XO<br>XO|40 <br>IO<br>Io <br>XI<br>W|O<br> O<br>IO<br> Io<br>XO<br>C«|IO<br>IXI <br>I<br>Cb<br>lo|O<br> O<br>4«<br>VX|N<br>IO<br>40<br>40<br>Cb<br>Cl<br>CI|||
|p<br>IL<br>p|m<br>E|op<br>Z<br>LU<br>«I' a<br>ZZ||||||||||||||||||||||XV|||
|g<br>IO<br>LU~ <br>5<br>Q<br>LUZ|ID<br>E<br> o<br>4L'|U.<br>LU <br>Z <br>I- <br>p <br>I<br>4/I<br>I- <br>0 <br>Z|LU<br> 44<br> «4<br> ill<br> &-<br>LUZ<br>I<br> lL<br>p<br> LL||||lb 0<br>m«bo<br>0C<br>4l<br>ID<br>Vl 0<br>IXI Z|||04|||Xb<br>O<br>XXI|Cl<br>IO<br>OX|W<br>O <br>OX<br>00<br>l|'0<br> O<br>XD|O<br>VX<br>Cb<br>VI<br>Ol|I<br>M<br>IO<br>Cb<br>IO O <br>I<br>Cb<br>IO <br>Cb<br>XO<br>OI <br> C«%|||IO<br> O<br> O<br> O<br>I|lo<br>Ol||O<br>CI<br>VX<br>CI|||
|||||||I|||||||||||||||||||||
|||||4l||m||||||||||c|||||||||||
|||||L"<br>0<br>L00<br>a<br>Vl<br>VI<br>XD<br>'0<br>c<br>c<br>«««<br>0<br>0<br>c<br>c<br>4I<br>4I<br>E<br>E<br>««<br>IV<br>m<br>XO<br>N|||||||Vl'0<br>Dl<br>0L<br>ID|Vl<br>c<br>«<br>TI<br>m<br>ID<br>L"<br>Ol<br>'m<br>Dlp|o. <br>0<br>p <br>'0<br>IO <br>Q <br>Vl<br>'c <br>IU|c<br>LL<br> c<br>m<br> 5<br>m<br> S<br>c<br> 00<br>Vl<br> 0<br> O|LL<br>2'<br>'0<br>6I<br>Vl<br>LL<br>IV<br>0<br>E<br>vl<br>mOro<br>O.<br>E<br>4l<br>Ol<br>m<br>XX<br>C<br>Ol<br>c0 0<br>o u.|||C<br>LL <br>g <br>Vl<br>E0|LL<br>O.<br> 0<br> g|c<br>LL<br> 00|'0c3<br>ID<br>LL<br>ID<br>O.<br>c<br>Vl 0<br>0 G<br>M0c g<br>LL<br>ID<br>Vlc,<br>0<br>'Cb<br>XI<br>m<br>IDI-||0<br>0<br> I-||vl<br>'0<br>C<br>v-<br>IV<br>Dl<br>c<br>4I|Vl<br>4l<br>2<br>Vl<br>Vl<br>ID<br>LL<br>ID<br>m<br>c<br>ID(3|





|||||||tb<br>tb<br>4! «0<br>C! 0<br>O<br>4!0|tb<br>tb<br>4! «0<br>C! 0<br>O<br>4!0|C«t <br>C«t0|Ctt|||O<br>0<br>IO|I<br>CO <br> O<br>CO|Cb <br> & <br>«b<br> O|O<br> 0! <br>CO|«b<br> 0<br>C«l|IO <br>Cb <br>Cb|O<br> 0<br>Cb||O<br>CO<br>C«t||||0<br>ICj|0<br>IO|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||tb||||||||||||||||||||
||||||||||||||||C«t|||||||||||
|||||||||||||I|I|I|Ol|I|I|I|I|||||||
||||||||||||||||Cb|||||||||||
||||||||tb|||||||||||||||||||
||||||||«tb|«0||||||||||||||||||
||||||||tb|||||||||||||||||||
||||||||I-|||||||||||||||||||
|||||||||0 <br>0|t«t||||||||I|I|I|I||||||
|||||||||t0||||||||||||||||||
|||||||||IC||||||||||||||||||
|||||||||!||||||||||||||||||
|Ih<br>UJ<br>IJ!<br>rn<br>lU<br>I-|tb<br>JO0<br>IU<br>IU<br>Q|Z<br>lU <br>lU <br>I- <br>I- <br>CO|C«l<br>CC<br> 0«<br> 40<br>p<br>o<br> p|||||ID <br>'6<br>Cl<br>CL<br>UJ|Ot|0<br>IO<br>I|||||IO||0|O<br>0|O<br> 0|IO<br>UQ<br>CO||||0<br>C«t<br>IO||
|LLP<br>ID<br>E<br>p<br>CD<br>CL<br>E<br>LU<br>0<br>~~o<br>58<br>UlX||op<br>Z UJ<br>&p<br>ZZ<br>LL UJ<br>LU IL.'<br>Z<br>«L'<br>I- LLJ<br>p &-<br>+ LU<br>CD Z<br>p p<br>Z<br>LL||||IU<br>4! <br>o <br>IU|Cl C«<br> «DO<br> Ec«I<br>CI|||||0 <br>0|0 <br>I<br>Cb<br>IO <br>Cb|O<br>t-<br>C«I<br> t|Cb<br>«4<br>w<br>«4<br>w|Cb<br>I«<br>C«t|ID <br>IO <br> 0! <br>«4 <br>t|0 0 I«<br> 0 0<br> 0 «C«l<br> «Cb||||||||
|||||||||||||||||||||||00||||
||||||4I|||||||||||||||||LL||||
||||||0|||||||||||||||||CL||||
||||||L00|||||||||||||||||DE<br>tb<br>4!0||||
|||||Cl|t0|||||||||||||||||0<br>M||||
|||||I0<br>0<br>00<br>t<br>bl<br>tb<br>10<br>'0<br>L<br>««<br>«0<br>0<br>E<br>E<br>ID<br>ID<br>E<br>E<br>Cl<br>ID<br>Cl<br>IU<br>N<br>CO||||||Vl'00<br>«'0<br>Cl0<br>TD<br>L<br>CI<br>0I-|Cl'00<br>V'0<br>4I0<br>Cl<br>Cl|C<br>Cl<br>IZl<br>ID<br>CI<br>o|O<br>Cb<br>m<br>4!<br> z|00 <br>LL <br>IU0<br>Ub <br>L<br>0 <br>«L'|'0<br> 0<br> 00<br>Cl<br>CD<br>Cl<br> 3<br>CO|'00<br>4!<br>Ol0<br>ID <br>CIJ|Cb<br>IU4!<br>O<br> 0<br>OI|C<br>C0|0 <br>8 <br>0<br>I)<br>p|C<br>LL<br> o<br> 0<br>CU<br> Z|ul<br>IU<br>0<br>ib|ID<br>4!I-<br>13<br>IU<br>tb<br>0<br>IUO<br>0<br>UJ<br>G|IL<br>IU<br>o0|'Cl<br>LL<br>Cb<br>&3<br>Ol<br>0||





|||||||Ell<br>e <br>0 <br>ED <br>ED|4l<br> D<br> 0<br>p|CQ <br>N<br>N|W|~0<br>IO<br>O <br>EO|I<br>Ol<br> r|N<br>N|||ED<br>4l<br>4l ED<br>0 00<br>ep<br>4!|ED<br>4l<br>4l ED<br>0 00<br>ep<br>4!|N<br>N<br>N|EEE|I<br>N|I<br>O<br>IQ|N<br>O||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||LU|||||||||||||||||
|||||||||Dl|Cll||||||||||||||
|||||||||4I|||||||||||||||
|||||||||Vl|||||||||||||||
|||||||||Dl0|||||||||||||||
||||||||DI<br>EDC<br>ID|0<br>C|W|IO<br>CD|I<br>EOr<br>CO|CO<br>ECI||||ED<br>«e<br>N<br>4I|«0||O<br>O<br>O|O<br>O<br>O|||
||||||||I-||||||||||||||||
|||||||||C <br>0|W||||||||0 <br>0|4l||CO<br>OlO|||
|||||||||Ol<br>IC|||N||||||ED||||||
|||||||||4I|||||||||||||||
||||||||||||||||||L||||||
|LO<br>LU<br>CO|e|Z <br>lU|N<br> N<br>LLE|||||4l <br>'0<br>C<br>4la|Ell|EO <br>N<br>DI <br>IO|IO<br> r<br>40<br> r<br> r<br>IO|O<br>CO<br>IA<br>40|Ol<br>IO<br>EO<br>EO<br>EO<br>I||||ED <br>4l|4I|CEI<br>Ol<br>CO|Ch<br>IQ<br>CEi<br>EO<br>IQ|IQ<br>CEj||
|LLt<br>LU <br>Z<br>ILP<br>p<br>(g<br>CO<br>CL<br>LU<br>5 <br>Cf|C<br>CD<br>~<br>CD<br> 0<br>4l<br>E<br>ID<br>E<br>00<br> cl|LU<br>LU<br>k- p<br>p<br>CO<br>po<br>Z<br>LU<br>e: CL<br>ZZ<br>U.<br>LU<br>LU R<br>Z 4(<br>I<br>LIL<br>p &.<br>I<br>LIL<br>CA Z<br>I- LC||||4I<br>0 <br>C <br>e <br>IEI<br>Cl|IC<br>lU<br>ED W<br>E00C<br>~-NW<br>4l<br>O<br>E N<br> 4l<br> &<br> 0Z|||EO<br>IO <br>I<br>'d<br>C4|N<br>IO<br>O<br> r<br>CO<br>I<br>IO<br>EO <br>O|Ol<br>EO<br>Ol<br>N<br>N<br> O<br>IO|EO<br>CI<br>CI<br>EO<br>EO||LU<br>ED<br>4l N<br>e&o<br>0 EN<br>4l<br>Ell)||||OE<br>O<br>O<br>N<br>OO<br>O|EQ<br>EQ<br>EO<br>Ch<br>N|IQ<br>EO<br>Ol<br>Ill|NO<br>EQ<br>IQ<br>Ci<br>CV|
|LUX||p <br>Z|p<br>LU||||||||||||||||||||
|L-|||||||||||||||||||||||
||||||E||||||||||||||||||
||||||4I||||||||||||||||||
||||||4l|||||||||I|||||||||
|||||||||||||||Dle|||||||||
||||||C||||||||||||||||||
||||||4I|||||||||I0|||||||||
||||||0|||||||||I0.|||||||||
|||||'5|'8||||||||||||||||||
|||||C<br>C<br>EH<br>EE<br>««<br>0<br>0||||||N<br>C|ED'8C|N<br>'0||C<br>«0|||||N'0<br>C<br>«|N<br>C|N<br>'0||
|||||||||||e|||||||||e||||
|||||E|E|||||c <br>Ol|e|0||E|||||C<br>Ol|m|0||
|||||E<br>CO|E<br>CO|||||N<br>ID<br>p|C<br>4t<br> 6|N<br>4l||E<br>CO|||||N<br>ID<br>p|C<br>4I<br> 0|N<br>4l||





## 

## 

## 

## 

|Analysis||ofnet assets between funds - current year||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2023<br>6|2023f|2023|
|Tangible||fixed assets|11,063|886|11,949|
|Intangible||fixed assets|11,222|20,886|32,108|
|Fixed asset investments||||8,991|8,991|
|Current|assets||610,242|119,283|729,525|
|Current|liabilities||(256,275)|(37,812)|(294,087)|
|Total|||376,252|112,234|488,486|
|Analysis||ofnet assets between funds - prior year||||
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2022|2022|2022|
||||6|||
|Tangible||fixed assets|15,327|1,770|17,097|
|Intangible||fixed assets|17,261|22,308|39,569|
|Fixed asset investments||||9,124|9,124|
|Current|assets||618,959|81,830|700,789|
|Current|liabilities||(179,753)||(179,753)|
|Total|||471,794|115,032|586,826|





## 

## 

## 

## 

||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||6||
||Net expenditure<br>for the year (as per Statement||of Financial|Activities)|(98,340)|(133,349)|
||Adjustments<br>for:||||||
||Depreciation<br>charges||||9,112|11,230|
||Amortisation<br>charges||||14,889|5,386|
||Losses/(gains)<br>on investments||||133|992|
||Dividends,<br>interests and rents|from investments|||(12,602)|(2,642)|
||Profit on the sale offixed assets||||(150)|(420)|
||Decrease<br>in stocks||||3,953|1,905|
||Increase In debtors||||(42,932)|(23,421)|
||Increase<br>in creditors||||116,779|6,987|
||Taxation refund||||(2,446)|(1,099)|
||Net cash used in operating|activities|||(11,604)|(134,431)|
|25.|Analysis ofcash and cash equivalents||||||







## 

## 

## 

|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2023f|2022|2023f|2022f|
|Contracted|for but not provided||in these|||||
|financial statements||||||||
|Acquisition|oftangible|fixed assets|||12,012||12,012|



## 

## 



## 

## 

## 

|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2023|2023|2023|2022|
|||||6|6||5|
|Income from:||||||||
|Donations<br>and legacies||||55,957|16,412|72,369|54,150|
|Charitable<br>activities||||171,328|3,588|174,916|221,434|
|Other trading|activities|||298,918|8,597|307,515|304,683|
|Investments||||12,610|994|13,604|4,125|
|Total income||||||||
|||||083813|29 591|068 404|584 302|
|Expenditure<br>on:||||||||
|Raising funds||||492||492||
|Charitable<br>activities||||630,637|38,580|669,217|708,124|
|Total expenditure||||||||
|||||631 129|38580|669 709|70II124|
|Net expenditure||before net||||||
|(losses)/gains|on||investments|||||
|||||(92,316)|(8,989)|(101)305)|(123,732)|
|Net (losses)/gains|||on investments||(133)|(113)|(992)|
|Net expenditure||before taxation||||||
|||||(92,316)|(9,122)|(101,438)|(124,724)|
|Taxation||||2,446||2,446|1,086|
|Transfers<br>between|||funds|(6,324)|6,324|||
|Net movement|in||funds|~052253~2L!a~02023~123030||||
|Reconciliation|of||funds:|||||
|Total funds brought|||forward|467,676|115,032|582,708|706,346|
|Net movement|in|funds||(96,118)|(2,875)|(98,993)|(123,638)|
|Total funds carried forward||||~73a06|332uZ|~03229~52 7||





## 

## 

## 

|||||2023|2022|
|---|---|---|---|---|---|
|||||f.||
|Cash flows from operating|activities|||||
|Cash generated<br>by operating|activities|||5,908|(il25931)|
|Taxation charge||||2,446|1,085|
|Net cash used<br>in operating|activities|||8,354|(124,845)|
|Cash flows from investing|activities|||||
|Dividends,<br>interests<br>and rents from investments||||13,604|4,125|
|Proceeds from the sale oftangible<br>fixed||assets||(150)|(420)|
|Purchase of intangible<br>assets||||(7,428)|(21,097)|
|Purchase<br>oftangible<br>fixed assets||||(3,119)|(1,231)|
|Net cash used<br>in investing|activities|||2,907|(18,623)|
|Cash flows from financing|activities|||||
|Net cash provided<br>by financing<br>activities||||||
|Change<br>in cash and cash|equivalents|in|the year|(38,739)|(143,468)|
|Cash and cash equivalents|at the beginning||ofthe year|622,853|766,321|
|Cash and cash equivalents|at the end|of|the year|~ii~~22 853||





## 

## 

## 

||||||2023f|2022f|
|---|---|---|---|---|---|---|
|Net expenditure<br>for the year (as per Statement|||of Financial|Activities)|(98,992)|(123,638)|
|Adjustments<br>for:|||||||
|Depreciation<br>charges|||||8,791|11,017|
|Amortisation<br>charges|||||14,889|5,386|
|Gains/(losses)<br>on investments|||||133|992|
|Dividends,<br>interests<br>and rents|from Investments||||(13,604)|(4,125)|
|Profit on the sale offixed assets|||||150|420|
|Decrease/(increase)<br>in debtors|||||(15,210)|(21,849)|
|Increase<br>in creditors|||||'I12,197|6,952|
|Taxation charge|||||(2,446)|(1,086)|
|Net cash provided<br>by/(used|in) operating|activities|||~ttttt|~ttt tttt|
|b.<br>Analysis ofcash and cash||equivalents|||||
||||||2023|2022f|
|Cash<br>in hand|||||584,114|622,853|
|Total cash and cash equivalents|||||~u~|~622<br>5|





## 

## 

## 

## 

|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2023|
|||f.|E||
|Donations|and sponsorship|12,398|3,540|15,938|
|Grant income|||2.123|2 123|
|Gift Aid income||43,559|10.749|54,308|
|||Unreslricled|Restricted|Total|
|||funds|funds|funds|
|||2022f|2022f|2022f|
|Donations|and sponsorship|10,763|4,862|15,645|
|Grant income||750||750|
|GIR Aid income||37,665|90|37,755|
|||49 urf|4 952|54 $50|





## 

## 

## 

|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023|2023|2023|
|||||E|E|6|
|British Quilt Studies Group||||4,225||4,225|
|Contemporary<br>Quilt||||13,547||13,547|
|Judging|Course|||7,856||7,856|
|Education||and outreach|and Communication|28,441|3,588|32,029|
|Miniature||Quilt Group||3,801||3,801|
|Regional||activities||81,671||81,671|
|Traditional||Quilt Group||4,290||4,290|
|Modern|Quilt Group|||5,810||5,810|
|The Loft||||21,687||21,687|
|FOQ events|||||||





## 

## 

## 

## 

||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2022f|2022|2022f|
|British Quilt Studies Group|16,954||16,954|
|Contemporary<br>Quilt|16,235||16,235|
|Judging<br>Course|15,213||15,213|
|Education<br>and outreach||1,272|1,272|
|Miniature<br>Quilt Group|3,682||3,682|
|Regional activities|134,266||134,266|
|Traditional<br>Quilt Group|3,597||3,597|
|Modern<br>Quilt Group|4,746||4,746|
|The Loft|1,732||1,732|
|FOQ events|23,737||23,737|





## 

## 

## 

## 

|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2023|
|||6|6|6|
|Fundraising||1,791|8,071|10,271|
|Membership|subscriptions|280,724|117|280,841|
|Other income||16,403||16,403|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
||||F.|6|
|Fundraising||4,160|8,071|12,231|
|Membership|subscriptions|289,523|170|289,693|
|Other income||2,759||2,759|
|||266 442|8243|384 683|





## 

## 

## 

||||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
|Income|from|local|listed|investments|2023f<br>2023<br>F<br>12610~4||2023f<br>~24604|
||||||Unrestricted|Restricted|Total|
||||||funds|funds|funds|
||||||2022|2022<br>f|2022<br>f|
|Income|from|local|listed|investments|3538|587|4 125|



## 

|Unrestricted|Total|
|---|---|
|funds|funds|
|2023f|2023f|
|Unreslricted|Total|
|funds|funds|
|2022|2022f|
|t 086|t 086|