CompaThy registrduon nutnber: 13228972 Charity registT*ion number.. 1194433 British Textile Biennial {A c¢Nnpany limited by guarantee) Annual Repm and Financial Statements For the Year Ended 31 March 2023 Chartered Accounthnts Isi Floor, Block C The Wharf Mancbe5ter Road Burnl¢y Lanca5hire BBII IJG *A(9YUTIF* 15MV2023 COMPANIES HOUSE #41 British Texlile Bienni21 Contents Refei'cnce and Adminisirdtive Detsils TTUStees' Report 2to3 Ir￿ependertt Examinels Report Statement of Financi￿ Adivilies Balance Shect Sta*nwnt of Cash Flows Notes lo the Financial Statements 8t012 British Textile Biennial Reference and Administrative Details Tr￿Ste¢S Ms L Peake Ms R Raban Ms L Wesi Mrs C CheciDska CILarity RegistrAtion Number 1194433 Company Reglstraiion Number 13228972 Reglstered Office lÈf16 LDrd Street West Blackbum BB2 IJX lrtdependent Ex•miner KM Chartered Accountants Isi Floor, Block C Tbe Wharf Man¢hes*r Road Bumley L4ncashire BBII IJG Bankers Metro Bank One southampt￿ Row London WCIB5HA PaBe L British Textile Blennial Tru$tee$ Report rhc trustees. who are dsrector5 for the purpos&% of company law, preseni the annual report totserher with the financial statements of the charitable company for the year tndtd 31 March 2023. Trustees Ms L Peake Ms R Raban Ms L West Mrs C Ch¢¢inska (appointed I l Novtmber 2022) Objeetives #nd #etivitles Objetts The Objects of the charity as per its Articles of Associ￿10￿ a￿." FOT the public benefit to advance education In textiles, f3bTi¢. cloths, thr¢a¢ts and yams and thcir des$8n and anufa¢tuff, io parti¢ulai but rLOt exclusively by." a) eneouTaging participation and inclusion at ¢venLs, such as festivals" and b) supporting organisations and indLviduals engaged in the provision of artisti¢ a¢livities, which take pla¢e primatily, but not ex¢lusi¥¢ly in the L2twhiff re￿OTr. Activities During Financial year 202212023. we did not deliver a festiv81 this 15 a biennial fallow ycar. TheTefore our 3Ctiviiies con5j5ted of working WAth partner organi5atbons on the development of new web arkd digital resources relating lo the textile herita8e of La[￿h1[e & the developmeThi of new artist commissions Working towards the next biennial festival in Octobcr 2023. Lanca5hire Textile Gallery.. Durin8 2022. we delivered a series of 6 small artist & academic commissions 2$ part of the development of this new onlinejdigital resource. in partnership wirh the Univetsity of Central Lancasliire. The Supcr Slow Way and The Gawthorpe Textile Colleciion. www.lan¢ashiretex¢ilegallery.com To accompany this new resource wc cornrnissiooed arhd produced a second series of th¢ Cloth Cultures podcasts with fa￿h1o￿ historian Amber 8￿tChart. which highlighted a number of textile treasures held with ¢olle¢iions in Lanca5hiTe, and which tell a global story of OUT counli¢s relationship to cloth. In 2022r2023 we kgan developing Ihe next bitnnial pio8rammc l¢Joking * the environmental and hutnan ¢o$ts of the textile industy at the service of fas¢ fasllion over the last twts ¢entuti¢s and exploring possible31iemativt5. Ln artist cimmnissions. public cotLversaii¢)ns ￿1￿ in¢¢rnational ¢oll¥knratsons. BTB23 asks if the creaiion of cloth can be a regenerdlive aci regeDeratinÈ nanjte and people. Ai the twThe of writing w¢ have 22 exhibitions in development. atr05s 19 parner venues working with 52 artis15 local. national and international. fhis programme includc4 a new c¢)-commis5ioniDg partnership with EtL8lish Heritage and the development of OUT work with Ihe Britl5h Council. tOWdrd5 ihe delivery of an international delegaiion ￿ explore regeneraiive iextile production worldwide. During this financial year we applied to i￿coMe an Council England National Portfolio funded organisaiion were suece&sfvl in that applicaiion which securts us revenue funding towards our core ooanisation&l ¢OSLS and PTO8Tarnme for the next 3 years. With this investsnent we intrnd 10 r￿rUit a ftew staff tram and undertake a business planning process to creatr a sustainable and resilient business model arKA continue to build yn our successful partnership model of Working xross the county. coullty al￿ intemationally. Pa8e 2 British Textile Biennial Trustees Report We tiiither secured investment toward thc BTB23 pro¥¥ramme costs from The National Lotteiy Heritage Fund. have begun planning an philanthropy & individual giving strategy and havc received additional grai)ts from Blackbum with Danven Council iowards BTB 23 programme delivery, the Depa11menl for L£velling Up Shared Prosperity Fund foi. wotk with our Creaiive Alliance partners in Blackburn to help build a diverse culn]rnl w(or and increase employnient opportunities for people living and workirtg In the borough. and the CotLon Indusrry War Mernorial Trust towards our Education I￿OgraMM Public benefit The tnJstee5 eonfiml that they have complied with the reouirements of section 17 of the Charities Act 2011 to have due regard to the public benefii guidance published by the Charity Cotnmission for England and Wales. FlnAneial revitw Grants received in the year included £15.192 from Canal and River Ttw( and £9,775 from Naiional Festiva] of Makin¥. The surplus. and reserve5 at the balance sheei date was £59,188 {2022 - £32,915). The irust¢es are in die Process ofdTawin8 up a reserve ￿T1¢y. In addition Ihe financsal ststemtnts refltct the in-kind contribution frorn Super Slow Way of £92.428 (2022 £498,177) to undertake th¢ a¢tivities of BTB in the year. Structure> g•vern*nte artd maty4gement N*ture of governine doeumetht The charity is ￿0verned by its Articles of Asswiation da￿d 26th February 2021. Major risks and mAnag¢ment ol tho9¢ risks The ttuMe¢s maintain a risk register for the organisation. covering key risks in the areas of propJamme, ndroisinB, governance. le8al and operations. The risk registCT is reviewed at quarterly iN)ard meeting. Small eompanies provision $tateDKnt Thi$ report h&$ been prepared in accordaThce with thc small companies reÉime under the Companies Aci 2006. Th¢ a[￿Ual repoii w&$ &pproved by the of the ¢han"ty on 14 July 2023 artd signed on its b¢half by: Ms L West TI￿ree Page 3 British Textile Biennial Independent Examiner's Report to the trustees of British Textile Bienniol ('the Company,) I report to the charity INSLees on my examination of the ac￿￿nts of the Company ftir the year ended 31 March 2023. RespoN$ibilltles and basls of report As the charity'5 trustees of the Compaoy {and also its dtrtC¢Of5 for the purposes of company law) you are Tesponsible for ihc preparation of the accounts in 8¢cordan¢e with l]K requirements of the Companies Act 2006 I'the 2006 Act,). Having satisfied myself thai the accounts of the Company are not required to be audited under Part 16 of the 2006 Act atld are eligible for independent examination, I report in respeci of my examination of your charity's ccounts as caired out under section 145 of the Charitie5 Aci 2011 {'the 2011 Act,). In carrying out my exaniination I have followed the Directions given by the Charity Commission undei section 14515){b) of the 2011 Act. Independent exArnirter's Statement I have completed my examination. I confirm that no m8tiets have come to my allention in ¢onnection with the examination giving me cause to believe.. accounting records were not kept in respect of Briiish Textile Biennial as r¢quired by seelion 386 of the 2006 Act. or 2. the actounts do rtot accord with those records. or 3. the accounts do not comply with the ac¢ounring requirements of section 396 of the 2006 Aci other than any requirement that the accounts give a 'tsue and fair vieW which is not a mattet considered as part of an indepe[￿ent examination- 01 4. th¢ ac¢ounts have not been prepared in x¢ordan¢e with the methods and principles of the Statement of Re¢ommended Practice for accounting and reporting by ¢hanli¢s lapplicable ￿ eharities preparin8 their a￿o￿nts in a¢conlance with the Financial R¢porting Staodafd applicable in Lh¢ UK and Republic of Ireland {FRS 102)]. I lthve no cotycems and have come across no other matttr5 in connection with the ex￿MinatIon to which aiiention should i* drawrt im this report in order th enable a proper undu5Mndin8 of the accounts to be reached. MaTk R Heaion FCCA FCIE 1st Floor. Block C The Wharf Manchester Road Burnley Lancashire BBII IJG 14 July 2023 Pagc 4 British Textile Biennial Statement of Financial A¢tivities for the Year Ended 31 M2rch 2023 IIneluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrieted Total 2023 Unres¢rl¢ted furtds Total 2022 iyote Income from: t)onations Other trading aetivities Oth¢r incorne 123.543 123.543 531,962 1.693 531,962 1,693 10.628 10.628 Total income 134.171 134,171 533,655 533,655 Exp¢nditur¢ OD: riaising fut2ds Charitable activtties (915) {499,825) {915} 1499,825) 107.998) 1107,998) Total expendilure {107,9981 (107998) 500.740) 1500.740) Net income 26.173 26.173 32.915 32,915 Net movement in fi]nds 26.173 26.173 32.915 32.915 Recon¢iliAtion of fund$ Total fvtmls brought forwdrd 32.915 32,915 Total fiLtKls carricd forward 13 59.088 59,088 32.915 32,915 AU of the charity's activili¢s derive frorn Continuing operntions during the above two periods. The fun(L% breakdown for 2022 is shown in note IJ. The notes on pages 8 to 12 fom an En￿gra7 part of these financial statement5. Page 5 British Texlile Biennial (Registratlon number: 13228972) Balance Sheet as at 31 March 2023 2023 2022 Nott Current •S5ets Debiors Cash at bank and in hand 10.130 51.345 33,915 33.915 61.475 Creditors: Amounts fg11ing due within on¢ yur 12 2.387 1,000) Net #$scts 59.088 32,915 Funds of ihe ¢h*rlty: Unr¢5tricted income funds Unrestricted funds 59,088 32.915 Tot*1 funds 13 59.088 32.915 For tlie financial year ending 31 Mar¢h 2023 the charity was entrt]ed ￿ exemption from audit under section 477 ofthc Coinpanics A¢¢ 21X)6 relatsn￿ to small companies. Directors, re5ponsibilities'. rhe members have rtoi required the charity to obtain an audii of its accourhts for the year In question in accord3nce with se¢tion 476,. and The directors acknowledge iheir responsibilitses for complying with the requiremenL% of the Act with respect to aecountin8 records and the weparnlion of accounts. These financial ststements have be¢n prepared in accordance with the special piovisions r¢la(ing io ¢ompani¢s subjeci to the small compaDi¢s r¢8ime within Part IS of the Companies Act 2006. The financial statcments on pa8e$ 5 to 12 were approved by the twiees, and authorised for issue on 14 July 2023 and 5i¥ntd on their behalf by-. Ms L West Tnjstee The [￿s on pages 8 ￿ 12 fomi an inte¥Tal part of these financial staltments. Page 6 British Textile Biennial Statement of Cash Flows for the Year Ended 31 March 2023 2023 2022 r4ote C•sh nows from oper8tiTrg activities Net cash incoTne 26.173 32,915 Working capitsl adjustments Increase In debtors Increase in cieditors (10,130) 12 1,0 Net cash flows from operaiing activitie5 17,430 33,915 Net increase in casli and ￿sh equivalents 17.430 33,915 Cash and cash equJv2lents al l Awil 33,9L5 Cash and cash equivalents at 31 Marth 51,J45 33,915 All of the cash flows are derived from continuin8 operations thiring the above two periods. The notes on pages 8 to 12 fomi an integral part of these financial statements. Page 7 British Textile Biennial Note5 to the FiTh2n¢ial Statements for the Year Ended 31 March 2023 Charity Staius The charity is lirniied by guarantee. inco￿orated in England. arhd cortS4uen(ly doe5 not have shar¢ ¢apJtal. Each of the truste¢5 is liablc to contribute an amount noi excecding £10 tOW￿d$ the assets of the charity in th¢ event of liquidation. The address of its registered office is.. 14-16 Lord Street West Blackburn RB2 IJX These flnancial statenients were auti¥)rised for issue by the Iwstees on 14 July 2023. 2 Accounting policies s￿Mm￿ry of signifJcaTrt ¥ecounting policies #Trd key •¢tOUlllirtg estimates The prin¢Jpal a¢¢ouniing policies applied in the preparatton of these financial s￿ements are se¢ our below. These policies have been w)sist¢ndy applied LO all ihe years presenLed. unless otherwise stated. St*tement of ¢ompliAn¢¢ The financial statements have been piepaied in accordance with Ac¢ounLin8 and Reportin8 by Charities.. Statemeni of Reco￿mended P￿tIce {appli¢able to charities prepaiing th¢ir a¢counts ia accordance with the Financial RetK)rting Standard applicable in the UK and Republic of Ireland (FRS 102)) lis%ued in October 2019) - {Charities SORP {FRS J02}). the FiDatLeial Reporting S￿Dda￿d appli¢able in the UK aDd Republic of Ireland {FRS 102) and thc Cotnpatlies Aci 2006. BA$is of preparation British Textile BienrtiLI meets the definition of a public benefii entity under FRS 102. Assets and liabtlilies are initially reeogrtised ai his￿ri￿1 Cost or rransaciion value unltss otherwise stated in the relevani a¢¢ouniing poliey rtotes. Golng concerA The trustees consider that there are rto maieiiai ur)cenaintses about the ¢lwitys ability lo eontinue as a going concern nor any 5i8nificant areas of uncertairtty affeci the canying value of asset5 held by tbe charity. In¢om¢ All ineome is recogrtised once ihe charity has entitlemeni io the income. i( is probable thai the income will be Teeeived and the amouni of the income receivable ¢an be mwured r¢liably. Gr*llts receiv4bl¢ Grants are recognised when the ¢h¥ity has an entjtjemeni to the fiLn¢ts and any conditions linked to the grnnis have been mct. Where pErformance conditjons are aLts¢hed to the grant and are yet 10 be meL the income is re￿gnIsed as a liability and included on the balance sheet as defeTred 1rhcLM￿C 10 be released. Page 8 British Textile Biennial Notes to the Financial Statements for the Year Ended 31 March 2023 Expenditure All expendtture is ¥eco8nised once there is a le8al or con5truciivt obligation to ihat expenditure, it is probable settlement is required and the amount can be m¢awred reliably. All costs are allocated to the applicable expenditure hcading that aggTegate SI￿lIar u)sts ¢0 that ¢ategory. Where costs eannol be directly attributed to particular headins5 they have becn all￿ated on a basis consistent with the use of resources, with central stsff costs allocated on the basis of timc spent, and depreciaiion chaTE¢S allo￿ted on th¢ portion of th¢ asset's us¢. Oihei. support costs are allocaied based on the spread of staff costs. Th¢se are costs incurred in trading activities that raise fij[￿. Charitable expenditure comprises those costs irtcurred by the ¢harity in ihe delivery of ILS activities and servic& for its beneficiaries. li includes both costs that can ￿ allocated di￿llY to such a¢Liviiie5 and those costs of an indir¢et nature neces5aiy to support them. Governanct ctsst$ These include the ¢osts ￿tribU￿ble to the charity's compliance with con51itutional and stalutory rtquiremcnts. including audit, strategic management and truMe¢s meeiings and reimbursed exptn5e5. Taxation The charity is considered to pass the tesLS set oui in P8Ta8raph I Schedule 6 of the Finance Aci 2010 and therefore il meets th¢ definilion of a charitsble company for UK corpordlion PUTP05e5. Accordingly. the charity is potentially exempi from raxatiort in respe¢1 of income or c4pithl gains Ttceived wiihin categortes covered by Chaptsr 3 Part I l of th¢ Co￿Orallon Tax Act 2010 or Se¢tlOD 256 of the Taxation of Chargeable Gains Act 1992. to the ex*nt that such income or gains are applied ¢xCI￿7ve1Y to charitsble pur[￿¢$. Trade debtors Trade debtois are amounts due from customers for merchandise sold or services performed in the ordinary course of busi[￿s. Trade debtots are recognTsed initially ai ihe transaction pnce. They are subsequently rn￿urtd at amortised cost usin¥ thc effective inteTest rnt1hc￿. less provisjon for impaimient. A provision for the impaimient of trdde debtors is established wheTh there is objective evidence thai the chari(y will noi ￿ able w collect all amounLS due according to ihe original temis of the Tece4vables. Tr4de Creditors Trade creditors are ob1i8atso￿% to lor goods or services that have been wuired in the ordinary Course of bvsiness from suppliers. Accounts payable are ¢lassifJed as cutmit liabilities if th¢ ¢hariry does not have an unconditional righ¢ at the end of the reporting period. to defer settiemeni of the creditoi fo¥ at least twelve monihs after the reponing dale. If there is an unconditional ri8hi to deftr settlement for at least twelve months after the reporting date, they ar¢ preseni¢d as rton-Cu￿tnC liabiliiit5. Trade creditor5 are reco8nised initially at the tran5acti¢)n pnce and subs¢qu¢ndy measured at amortised c051 sin¥ Lhe effective interest meth Costs of tr*ding 4¢tivities Total 2023 Tot41 2022 Costs of 80(Mts sold 915 915 Page 10 British Textile Biennial Notes to the Financial Statements for the Year Ended 31 March 2023 7 Expendiiure on ¢h•ritable *ctlviti¢s Unrestricted fuThd$ Gentral Total 2023 Tr*tAI 2022 Noie Charitsble aciiviiies Govemanc¢ costs 106.938 106.9J8 1,060 107.998 498,825 i.c￿0 499,82S 107,998 8 Trustees remuTheration 8nd expenses . No truste¢s, nor any persolls CO[￿eCtrd with ttse￿ have rcceived athy rernuneration from the ¢haiity during the year. No trustees have received any reimbursed exE¢nses or arry ￿h¢r benefits from the ¢harity during the year. 9 l￿dependen1 e%aml#er's remu￿¢￿9¢10Th 2023 2022 Examinaiion of the financial $th￿ments 1.000 10 T*xatlon The charity is a registered ¢lJarity ond is therefore exern￿ from taxation. I l Debtors 2023 Trade debtors 10.130 12 Creditors: amoyThts falling due within one ye*r 2023 2022 Trade creditors A¢cruals 1,287 1.000 2.387 1,000 Page 11 British Textile BieDnial Notes to the Financial Statements for the Year Ended 31 March 2023 13 Funds Balance #t I April 2022 Incoming resources Resources expended Bal*nee ai 31 M#reh 2023 Unrestricted funds General 32.915 134,171 {107,998) 59.088 Incomiog rewur¢ Resources expended BAlan¢¢ at 31 Mar¢h 2022 Unrestricted funds General 533.655 (S￿.740} 32.915 14 Analysls of net Assets between funds Unrestritted funds Ge#er*l Total funds at JI Mareh 2023 Cumt as5etS Current liabilities 61,475 2.387 61,475 2.387 Total ne¢ a5￿ts 59.088 59,088 Unresirleied funds General Total funds ai 31 March 2022 Current assets Current liabilitics 33.915 33,915 i.o(K) To￿1 rte¢ assets 32,915 32,915 Page 12