Trustees’ Annual Report for the period
From 1[st] July 2021 Period start date To 31[st] June 2022 Period end date
Charity name: National Needlework Archive
Charity registration number: 1136942
Objectives and Activities
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SORP
referenc
e
Summary of the Para
1.17
purposes of the charity One of the principal objectives of the charity is
as set out in its to advance the education of the public in all
governing document aspects of textiles and textile heritage in the
United Kingdom. It seeks to do this by the
collection and maintenance of information and
artefacts, the provision of lectures, exhibitions
and other educational events, the promotion of
research and the dissemination of such
research. This continues to be the charity’s
aim.
Summary of the main Para The NNA maintains a documentary and
1.17 and
activities in relation to 1.19 photographic record of textiles located in the
those purposes for the community throughout the United Kingdom. In
public benefit, in addition, the archive helps raise the profile and
particular, the activities, esteem of textiles housed in public, or semi-
projects or services public places, and those owned by community
identified in the groups or associations. The NNA continues to
accounts.
highlight the historical, sociological and design
value of this vast resource of textile art, with
the continued growth of its special collections.
In considering our objectives for the year, the
NNA has, as always, been mindful of the
Charity Commission’s guidance on public
benefit. The principle of public access has
always been important to us. As a national
charity, we have a responsibility to ensure that
our activities (including exhibitions) are made
available across the UK wherever possible,
despite the financial burden that the charity’s
objective of national outreach often imposes.
Additionally, the charity is renewing its work
towards its application for museum
accreditation over the Covid hiatus.
The NNA continues to engage with the public
in a number of ways, as detailed in the
‘Achievements & Performance section below.
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Following the management committee’s decision last year to curtail many of the face-toface activities based in The Old Chapel Textile Centre, on the grounds of public health considerations, the charity has worked hard this year to re-establish this important part of its remit. One significant, and successful, way in which this was undertaken was to establish a (temporary) High Street presence in the centre of Newbury. This activity is detailed more fully in the ‘Achievements & Performance section below. Statement confirming Para Trustees are aware of the guidance relating 1.18 whether the trustees to public benefit. have had regard to the guidance issued by the Charity Commission on public benefit
Additional information (optional)
You may choose to include further statements where relevant about:
Par The charity has, since its inception, relied heavily Contribution made by a on the dedication and support of its volunteers. All volunteers 1.3 are part-time, sometimes devoting entire days to 8 the charity’s activities, sometimes just a few hours each week. Members of the public who visit our headquarters often comment on the enthusiasm and knowledgeability of our volunteers, who help with all aspects of the charity’s work, from bookkeeping, giving talks to visitors about our work, recording and cataloguing our recording and conservation projects, taking an active role in our conservation work, and making tea for visitors! We cannot overestimate their value in helping the charity achieve its aims. Following the pandemic, the level of volunteer activity has not reached pre-pandemic levels. Many of our volunteers, perhaps because of their age or health, have continued to restrict their outof-home pastimes. This has inevitably curtailed many of the charity’s activities, as well as the number of volunteers on which we rely.
Achievements and Performance
SORP referenc e
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Public Education
Summary of the Following the pandemic, we have continued to make
Para
main achievements 1.20 greater use of the NNA website and social media - to
of the charity, explain its objectives to the public and to gather and
disseminate information. We have been able to offer
identifying the
difference the advice on the care and recording of textiles, and give
guidance relating to research issues in the
charity’s work has
community, to everyone who contacted us.
made to the
circumstances of its
We re-introduced a series of exhibitions, in Newbury
beneficiaries and
and at other UK locations, once circumstances
any wider benefits allowed.
to society as a
whole.
‘The Country Wife’
Work on the conservation of this nationally-important
textile mural, made for the Festival of Britain in
1951, has resumed in a limited way, being once
again able to share our work with the general public.
The preservation of such an iconic piece of social
history continues to be one of the focal points of the
charity’s work, attracting visitors from across the UK
and overseas.
Acquisitions of ‘at risk’ textiles
Whilst the primary purpose of the Archive is to
record textiles in the community, it is increasingly
finding itself being sought out as ‘place of care’ for
textiles known to have (intrinsic) value, but which for
various reasons cannot be kept by their current
owners. Examples of such textiles include
institutional banners and teaching samples from
other organisations and museums. We continue with
this work and the conservation of these articles
where possible. In addition the NNA was given the
textile-related library from the now-closed Women’s
Institute’s Denman College, to add to our own
extensive library holdings.
Toc H Banners
The NNA holds the national collection of Toc H
banners, and the country-wide exhibition of a
selection of these banners was resumed this year.
Workshops
The charity undertook online and face-to-face
workshop activities which were made available to
the public, either for a modest fee or without charge
The Green Sewing Shop (GSS)
In an effort to take its message to a wider audience,
the NNA took the risk of committing itself to a High-
Street presence in the centre of Newbury. Setting up
these new additional premises entailed a significant
effort from volunteers, in addition to the financial
and other risks of employing staff. The venture’s
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remit for the GSS was that it would be seen as a different approach to the charity’s message of valuing needlework, rather than merely a commercial outlet which facilitated the recycling of textile related items.
In addition, with the help of the government’s ‘Kickstart’ scheme, the GSS enabled the NNA to employee a young person, with no previous employment experience, to develop personal skills in interacting with members of the public and develop a personal agenda for the next stage of their postcollege life.
As we anticipated, this enterprise came to an end once the owner of the premises was able to secure a permanent tenant able to pay a market rent.
Financial Review
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Review of the charity’s Para A more complete picture of the charity’s
financial position at the 1.21 financial situation is included in the Company
end of the period Accounts (attached).
Statement explaining Para
1.22
the policy for holding The charity has limited financial reserves. We
reserves stating why have initiated setting aside modest financial
they are held reserves in the event of the charity having to
relocate.
Amount of reserves held Para £15000
1.22
Reasons for holding zero Para N/A
1.22
reserves
Details of fund materially Para N/A
in deficit 1.24
Explanation of any Para N/A
1.23
uncertainties about the
charity continuing as a
going concern
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Additional information (optional)
You may choose to include further statements where relevant about:
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Fundraising continues to be an activity which, of
The charity’s principal necessity, makes heavy demands on the Trustees
sources of funds Para and volunteers. We are continually exploring new
(including any 1.47 avenues for fundraising.
fundraising)
The charity took a considerable financial risk in
taking on the commitment of a High Street
premises. Notwithstanding both the fixed and
variable costs associated with this venture, the
activity contributed beneficially to our funding
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during this challenging period.
We used the opportunity created by the GSS (see
above) to successfully apply for ‘Kickstart’ funding
for a young person employed in the GSS.
All museums are facing difficult times post-
pandemic, and recovery is anticipated as
A description of the Para being long and slow. The NNA has
principal risks facing the 1.46 reorganised some of its activities to reduce
charity expenditure.
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Structure, Governance and Management
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Description of charity’s
trusts:
Type of governing Para
1.25
document Memorandum and Articles of Association
(trust deed, royal
charter)
How is the charity Para
1.25
constituted? A company limited by guarantee
(e.g unincorporated
association, CIO)
Trustee selection Para Appointed by existing Trustees
1.25
methods including
details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees
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Reference and Administrative details
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Charity name National Needlework Archive
Other name the charity NNA; Old Chapel Textile Centre
uses
Registered charity 1136942
number
Charity’s principal The Old Chapel Textile Centre,
address Main Street, Greenham Business Park
Newbury
RG19 6HW
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Names of the charity trustees who manage the charity
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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Linda Connell Managing Director
2 Nigel Connell Director
3
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Corporate trustees – names of the directors at the date the report was approved Director name
N/A
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
NIA
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements N/A for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Exemptions from disclosure
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Nigel Connell Full name(s) Nigel Alan David Connell
Position (eg Trustee and Director Secretary, Chair, etc)
Date 12" May 2023
Registration number: 07295246
The National Needlework Archive
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2022
Mr Andrew Eagles Chartered Institute of Management Accountants Twitchen Odiham Road Riseley Berks RG7 1SD
The National Needlework Archive
Contents
| Company Information | 1 |
|---|---|
| Accountants' Report | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Unaudited Financial Statements | 4 |
| Detailed Profit and Loss Account | 6 to 7 |
The National Needlework Archive
Company Information
Directors Mr Benedict Connell Prof Nigel Connell Mrs Linda Connell Registered office 5 Bolderwood Road Bassett Southampton Hampshire SO16 7BW Accountants Mr Andrew Eagles Chartered Institute of Management Accountants Twitchen Odiham Road Riseley Berks RG7 1SD
Page 1
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of The National Needlework Archive for the Year Ended 30 June 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The National Needlework Archive for the year ended 30 June 2022 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants (CIMA) we are subject to its ethical and other professional requirements which are detailed at http;//cimaglobal.com/professional-ethics.
This report is made solely to the Board of Directors of The National Needlework Archive, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The National Needlework Archive and state those matters that we have agreed to state to the Board of Directors of The National Needlework Archive, as a body, in this report in accordance with the rules of CIMA, which are detailed at http://www.cimaglobal.com.. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The National Needlework Archive and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The National Needlework Archive has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The National Needlework Archive. You consider that The National Needlework Archive is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The National Needlework Archive. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Mr Andrew Eagles Chartered Institute of Management Accountants Twitchen Odiham Road Riseley Berks RG7 1SD 28 March 2023
Page 2
The National Needlework Archive
Profit and Loss Account for the Year Ended 30 June 2022
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Turnover | 34,482 | 40,097 | |
| Cost of raw materials and consumables | (26,950) | (4,566) | |
| Other charges | (14,768) | (11,738) | |
| (Loss)/profit for the year | (7,236) | 23,793 |
Page 3
The National Needlework Archive
(Registration number: 07295246) Balance Sheet as at 30 June 2022
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Current assets | 53,092 | 61,730 | |
| Creditors: Amounts falling due within one year | (9,610) | (11,012) | |
| Total assets less current liabilities | 43,482 | 50,718 | |
| Creditors: Amounts falling due after more than one year | (3,000) | (3,000) | |
| 40,482 | 47,718 | ||
| Capital and reserves | 40,482 | 47,718 |
1 General information
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
5 Bolderwood Road Bassett Southampton Hampshire SO16 7BW England
These financial statements were authorised for issue by the Board on 28 March 2023.
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
2 Staff numbers
The average number of persons employed by the company (including directors) during the year, was 0 (2021 - 0).
For the financial year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised by the Board on 28 March 2023 and signed on its behalf by:
Page 4
The National Needlework Archive
(Registration number: 07295246) Balance Sheet as at 30 June 2022
......................................... Prof Nigel Connell Director
Page 5
The National Needlework Archive
Detailed Profit and Loss Account for the Year Ended 30 June 2022
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| turnover (analysed below) | 34,482 | 40,097 | |
| Cost of sales (analysed below) | (26,950) | (4,566) | |
| Gross profit | 7,532 | 35,531 | |
| Gross profit (%) | 21.84% | 88.61% | |
| Administrative expenses | |||
| Establishment costs (analysed below) | (9,078) | (6,749) | |
| General administrative expenses (analysed below) | (5,690) | (4,989) | |
| (14,768) | (11,738) | ||
| Operating (loss)/profit | (7,236) | 23,793 | |
| (Loss)/profit before tax | (7,236) | 23,793 |
This page does not form part of the statutory financial statements. Page 6
The National Needlework Archive
Detailed Profit and Loss Account for the Year Ended 30 June 2022
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Turnover | |||
| Donations | 1,006 | 794 | |
| Educational Activities | 474 | - | |
| Admissions, space hire, sale of donated items | 27,143 | 4,937 | |
| Grants and subsidies | 5,859 | 34,366 | |
| 34,482 | 40,097 | ||
| Cost of sales | |||
| Materials | (4,919) | (226) | |
| Speakers & Exhibitions | (778) | (389) | |
| Subcontract cost | (21,253) | (3,951) | |
| (26,950) | (4,566) | ||
| Establishment costs | |||
| Rent and rates | (6,362) | (5,199) | |
| Light, heat and power | (1,604) | (633) | |
| Insurance | (1,112) | (917) | |
| (9,078) | (6,749) | ||
| General administrative expenses | |||
| Repairs and renewals | (1,927) | (268) | |
| Telephone and fax | (696) | (465) | |
| Computer software and maintenance costs | (65) | (2,810) | |
| Printing, postage and stationery | (241) | (39) | |
| Sundry expenses | (1,998) | (916) | |
| Travel and subsistence | (367) | (107) | |
| Accountancy fees | (396) | (384) | |
| (5,690) | (4,989) |
This page does not form part of the statutory financial statements. Page 7
Registration number: 07295246
The National Needlework Archive
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2022
Mr Andrew Eagles Chartered Institute of Management Accountants Twitchen Odiham Road Riseley Berks RG7 1SD
The National Needlework Archive
Contents
| Company Information | 1 |
|---|---|
| Accountants' Report | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Unaudited Financial Statements | 4 |
| Detailed Profit and Loss Account | 6 to 7 |
The National Needlework Archive
Company Information
Directors Mr Benedict Connell Prof Nigel Connell Mrs Linda Connell Registered office 5 Bolderwood Road Bassett Southampton Hampshire SO16 7BW Accountants Mr Andrew Eagles Chartered Institute of Management Accountants Twitchen Odiham Road Riseley Berks RG7 1SD
Page 1
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of The National Needlework Archive for the Year Ended 30 June 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The National Needlework Archive for the year ended 30 June 2022 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants (CIMA) we are subject to its ethical and other professional requirements which are detailed at http;//cimaglobal.com/professional-ethics.
This report is made solely to the Board of Directors of The National Needlework Archive, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The National Needlework Archive and state those matters that we have agreed to state to the Board of Directors of The National Needlework Archive, as a body, in this report in accordance with the rules of CIMA, which are detailed at http://www.cimaglobal.com.. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The National Needlework Archive and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The National Needlework Archive has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The National Needlework Archive. You consider that The National Needlework Archive is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The National Needlework Archive. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Mr Andrew Eagles Chartered Institute of Management Accountants Twitchen Odiham Road Riseley Berks RG7 1SD 28 March 2023
Page 2
The National Needlework Archive
Profit and Loss Account for the Year Ended 30 June 2022
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Turnover | 34,482 | 40,097 | |
| Cost of raw materials and consumables | (26,950) | (4,566) | |
| Other charges | (14,768) | (11,738) | |
| (Loss)/profit for the year | (7,236) | 23,793 |
Page 3
The National Needlework Archive
(Registration number: 07295246) Balance Sheet as at 30 June 2022
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Current assets | 53,092 | 61,730 | |
| Creditors: Amounts falling due within one year | (9,610) | (11,012) | |
| Total assets less current liabilities | 43,482 | 50,718 | |
| Creditors: Amounts falling due after more than one year | (3,000) | (3,000) | |
| 40,482 | 47,718 | ||
| Capital and reserves | 40,482 | 47,718 |
1 General information
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
5 Bolderwood Road Bassett Southampton Hampshire SO16 7BW England
These financial statements were authorised for issue by the Board on 28 March 2023.
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
2 Staff numbers
The average number of persons employed by the company (including directors) during the year, was 0 (2021 - 0).
For the financial year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised by the Board on 28 March 2023 and signed on its behalf by:
Page 4
The National Needlework Archive
(Registration number: 07295246) Balance Sheet as at 30 June 2022
......................................... Prof Nigel Connell Director
Page 5
The National Needlework Archive
Detailed Profit and Loss Account for the Year Ended 30 June 2022
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| turnover (analysed below) | 34,482 | 40,097 | |
| Cost of sales (analysed below) | (26,950) | (4,566) | |
| Gross profit | 7,532 | 35,531 | |
| Gross profit (%) | 21.84% | 88.61% | |
| Administrative expenses | |||
| Establishment costs (analysed below) | (9,078) | (6,749) | |
| General administrative expenses (analysed below) | (5,690) | (4,989) | |
| (14,768) | (11,738) | ||
| Operating (loss)/profit | (7,236) | 23,793 | |
| (Loss)/profit before tax | (7,236) | 23,793 |
This page does not form part of the statutory financial statements. Page 6
The National Needlework Archive
Detailed Profit and Loss Account for the Year Ended 30 June 2022
| 2022 | 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Turnover | |||
| Donations | 1,006 | 794 | |
| Educational Activities | 474 | - | |
| Admissions, space hire, sale of donated items | 27,143 | 4,937 | |
| Grants and subsidies | 5,859 | 34,366 | |
| 34,482 | 40,097 | ||
| Cost of sales | |||
| Materials | (4,919) | (226) | |
| Speakers & Exhibitions | (778) | (389) | |
| Subcontract cost | (21,253) | (3,951) | |
| (26,950) | (4,566) | ||
| Establishment costs | |||
| Rent and rates | (6,362) | (5,199) | |
| Light, heat and power | (1,604) | (633) | |
| Insurance | (1,112) | (917) | |
| (9,078) | (6,749) | ||
| General administrative expenses | |||
| Repairs and renewals | (1,927) | (268) | |
| Telephone and fax | (696) | (465) | |
| Computer software and maintenance costs | (65) | (2,810) | |
| Printing, postage and stationery | (241) | (39) | |
| Sundry expenses | (1,998) | (916) | |
| Travel and subsistence | (367) | (107) | |
| Accountancy fees | (396) | (384) | |
| (5,690) | (4,989) |
This page does not form part of the statutory financial statements. Page 7