RUDDINGTON FRAMEWORK KNITTERS MUSEUM LIMITED
The Framework Knitters museum operates as working museum in the original nineteenth century buildings with handframes & circular machines, holds a knitting collection and specialist library, maintains knitting & framesmithing skills and provides training, in order to advance the education of the public by recording & preserving, interpreting & presenting to the general public the buildings, machin
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £189,428, which is above the trustees' stated policy target of one year's operating costs. The charity reported a net income increase of £95,148 for the year, driven by a significant rise in grant funding, although the trustees noted ongoing concerns regarding escalating expenditure outpacing income growth.
What the accounts disclose
“The Trustees continue to monitor the level of reserves and the long term aspiration remains — that there should be free reserves equal to one year’s operating costs.”
“During the year, a £Nil (2024: £500) donation was received from the Trustee. At the balance sheet date the amount due to/from Mr P McGowan was ENil (2024 - £Nil). Professor J G Ellis (Former Trustee) During the year, a £150 (2024: £Nil) donation was received from the Trustee. At the balance sheet date the amount due to/from Professor J G Ellis was £Nil (2024 - £Nil). Page 32” — page 34
“During the year, a £150 (2024: £Nil) donation was received from the Trustee. At the balance sheet date the amount due to/from Professor J G Ellis was £Nil (2024 - £Nil). Page 32” — page 34
“During the year, a £Nil (2024: £500) donation was received from the Trustee. At the balance sheet date the amount due to/from Mr P McGowan was ENil (2024 - £Nil). Professor J G Ellis (Former Trustee) During the year, a £150 (2024: £Nil) donation was received from the Trustee. At the balance sheet date the amount due to/from Professor J G Ellis was £Nil (2024 - £Nil). Page 32” — page 34
“During the year, a £150 (2024: £Nil) donation was received from the Trustee. At the balance sheet date the amount due to/from Professor J G Ellis was £Nil (2024 - £Nil). Page 32” — page 34
Property (HM Land Registry)
Trustees
- Anita Jane Love
- Bryn Smith
- Dr Rebekah Ellen Pickering-Wood
- Martha Irene Jasko-Lawrence
- Nigel Bellamy
- PETER FREDERICK MCGOWAN
- Samantha Penfold
- Sayali Goyal
- Susan Russell
- Terence Alexander Cooper
- Thomas Gregory
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £258k | £163k |
| 31/03/2024 | £128k | £179k |
| 31/03/2023 | £242k | £192k |
| 31/03/2022 | £338k | £435k |
| 31/03/2021 | £224k | £206k |
Common questions
Is RUDDINGTON FRAMEWORK KNITTERS MUSEUM LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £189,428, which is above the trustees' stated policy target of one year's operating costs. The charity reported a net income increase of £95,148 for the year, driven by a significant rise in grant funding, although the trustees noted ongoing concerns regarding escalating expenditure outpacing income growth. Its FY2025 accounts were independently examined.
Who funds RUDDINGTON FRAMEWORK KNITTERS MUSEUM LIMITED?
Funders whose own accounts filings name RUDDINGTON FRAMEWORK KNITTERS MUSEUM LIMITED as a grant recipient include THE JESSIE SPENCER TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE JESSIE SPENCER TRUST | FY2023 | £1k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 11/10/2024 | £244k | "A Stitch in Time – Securing the Sustainability of the Framework Knitters Museum, Ruddington" |
| The National Lottery Heritage Fund | 20/07/2020 | £31k | "COVID19: Ruddington Framework Knitters’ Museum Limited" |
| The National Lottery Heritage Fund | 13/09/2018 | £349k | "A Right Good Yarn - Retold for a relevant and resilient future" |
| The National Lottery Heritage Fund | 08/08/2013 | £71k | "Frameworker's Yarns: Production, Poverty & Protest" |