REGISTERED COMPANY NUMBER: 05608888 REGISTERED CHARITY NUMBER: 1113675
THE MAKERS GUILD IN WALES
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
Carr, Jenkins & Hood
Oystermouth House
Charter Court, Phoenix Way
Swansea Enterprise Park
Swansea
SA7 9FS
THE MAKERS GUILD IN WALES
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
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Report of the Trustees |
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Independent Examiner's Report |
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Statement of Financial Activities |
12 |
Balance Sheet |
13 to 14 |
Notes to the Financial Statements |
15 to 27 |
THE MAKERS GUILD IN WALES (REGISTERED NUMBER: 05608888)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
with the financialstatementsof the charityfor the year ended 30 June 2021. The trustees have adoptedthe provisions
of AccountingandReportingby Charities:Statementof RecommendedPracticeapplicableto charitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUK andRepublicofIreland(FRS 102)
(effective 1 January 2019).
The report of the trustees also incorporates a directors' report as required by company law.
OBJECTIVES AND ACTIVITIES
Objectives
The MakersGuildin Wales is a nationalappliedart and craftmembershiporganisationbasedin Cardiff,Wales,with a
membershipspreadalloverWalesandwithourhomeinauniqueHeritagebuildinginCardiff.Originallysetupas a
Maker Co-operative in 1984, the Guild still operates with those values and remains volunteer led.
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Inspiring craft engagement - The Guild inspires engagement and learning about contemporary craft, by
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- providing opportunities for audiences and artists to experience contemporary applied art and craft in Wales. Supporting Welsh Craft Makers - The Guild is the largest membership Craft organisation in Wales. Our Makers
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all share in our strong co-operative ethos.
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Celebrating craft excellence - We Champion high quality hand-made crafts and applied art in Wales both by
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our members and of invited National and International artists through our exhibition programme.
The Gallery'svisionis to inspire,supportandcelebratethroughinnovativecontemporarycraftandto meet our Guild
of 89 Makers allowingour audiencesto connectwith artists workingwithin a Welsh context in a stimulating, engaging,
inclusive and welcoming environment.
The Guild has been successfully managing to sustain and maintain its charitable objectives for over 36 years, namely:
"TheObjectsaretoadvanceeducationforthepublicbenefitinthevisualArtsandCraftsinparticularbut not
exclusively by exhibitions of high quality handmade crafts and the provision of workshop programmes".
Mission Statement
"TheMakersGuildinWalesistheNationalCraftOrganisationforWales;amembershipbodythatengages and
inspires through the promotion of excellence in craft."
Public benefit
Thetrusteesofthecharityarecommittedtoprovidingapublicbenefit,andhavetakenintoaccountthe Charity
Commission's guidance in this area.
The Guild providesthe publicwith free access to high qualityexhibitionsof craft by maker members of the Guild along
withaneducationalexhibitionprogrammeofNationalandInternationalCraftandAppliedArt.Linkedwith each
educationalexhibitionisaprogrammeofcommunityworkshops,usuallytakingplaceatCraftintheBay,a unique
Heritage asset and a Grade II listed building, a former Victorian Maritime Warehouse in the heart of Cardiff Bay.
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THE MAKERS GUILD IN WALES (REGISTERED NUMBER: 05608888)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
STRATEGIC REPORT
Achievement and performance
Charitable activities
The Makers Guildin Wales was formedin 1984 as a Maker Co-operative.The Guildis home to a uniquecommunity of
Welsh Makers,a thrivinghubfor Craftand AppliedArt in the Capitalof Wales.The Galleryhousesexhibitionsof work
bymembersofTheGuildofWelshCraftmakersalongsideacuratedprogrammeofthefinestNational and
Internationalcraftandappliedart.Alongwithawell-regardedprogrammeofcommunitycraftworkshops working
withourlocalcommunities.To ouraudiencesandcommunities,The MakersGuildis more commonlyknownas 'Craft
intheBay',highlightingthefactthatthebuildinghasbecomesynonymouswiththeorganisationitself,the names
intertwinedandinterchangeable.The Guildis a uniqueandhighlyregardedpartof Cardiff'srichculturallandscape; it
is sustainable, resilient and has support throughout the City.
Aftermanyyearsofmovingbetweentemporaryaccommodation,theGuildmovedintoitspresenthomeinCraft in
theBayinJune2002,havingraised£1.4milliontorestore,reconstructandextendthe"D"ShedaGradeII listed
heritage building;
'ThebuildingmarkedonFirstEditionOrdnanceSurveymap(surveyed1870's)aswarehousebesideButeEast Dock
Basin.Knownas "D" Shed ...Listedfor specialinterestof C19 sectionof building,a rare examplein Wales of a mid C19
iron framed dock warehouse/transit shed.' (CADW)
Thecompletedbuildingwasshort-listedforaRIBAawardandthebuildingreceiveda"highlycommended" British
ArchaeologyAwardin 2004. The Guildsuccessfullycompletedthe purchaseof the freeholdof the Craft in the Bay site
in March 2006.
Our'makercommunity'istheheartofourorganisation,havingoriginallybeencreatedasamakerco-operative in
February1984.TheGuildstillretainsaco-operativeethosthroughouttheorganisation.ThisgivestheGuild a
cumulativeandunitedstrength,allowingmemberstofeelpartofagroupsharingavisionwhilstmembers benefit
from a multi-layered programme of opportunities.
OurcommunityofCraftmakersmeanthattheGuildisuniqueinWales,ourMakersareattheheartof the
organisation.Withourco-operativeethos,maintainingafocusonfairness,emphasisingequalityand sustainability;
andmaintainingstrongethicalvalues.SincesuccessfullyopeningCraftin the Bay,in 2002,membershiphas grown by
27%, and the Guild is committed to continuing this growth going forward.
Co-operativeworkingalongwithanemphasisonvolunteeringarecoretoourorganisation,werecogniseand value
thespecialworkvolunteersdoinourcommunity.Thesearetwopillarsonwhichourorganisationoperateswith and
values.
In June 2012,the Guildwas usedas an exemplarstudyintoco-operativeconsortiaby the WalesCo-operative Centre.
In 2016 our longhistoryof volunteeringwas recognisedin the NLHF projectled by VCS Cymru.The 'Chronicle Project'
was a communityheritageprojectdocumentinga centuryof volunteeringin Cardiff,this projectwas unveiledby Julie
Morgan AM.
OurGalleryis uniquebothhistoricallyandculturally,andis a substantialHeritageandTouristassetfortheCapital of
Wales.
In May 2018,The Guildwas invitedto attendBuckinghamPalaceat the invitationof The GarfieldWeston Foundation
tocelebratetheir60thAnniversaryofFunding.TheeventwashostedbyHRHPrinceofWalesandthe Foundation
selectedasmallnumberoforganisationsthattheyhadfundedtoattendthiseventinordertorecognise the
charitable work that they do.
Our last year in numbers...
7,076 people visited our Gallery and exhibitions
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THE MAKERS GUILD IN WALES (REGISTERED NUMBER: 05608888)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
66,029 page views (16,422 unique visits)
4,043 Followers on Twitter
4,193 follows on Facebook
3,437 followers on Instagram
2,110 took part in our craft workshops and community programmes and artist talks
863 people purchased craft
325 days given to the organisation by our volunteers
94 craft-makers in our membership
85 'Friends of the Makers Guild'
We've welcomed 1,219,906 visitors since we opened in June 2002
We are grateful to all of those who engage with us in whatever format, platform or experience.
COVID-19
UptothepointwhenTheGuildwasforcedtocloseitsdoorsfortheinitialLockdowninMarch2020,itwasa viable
'business';asuccessfulartscharity,supportingover90MakersacrossWalesinMembershipofCraftmakers,with a
team of staff and a large pool of volunteers, working with audiences and communities both locally and Nationally.
AsaGuildofMakersfromalloverWales,theimpactonthecharityduringthisperiodhasbeenfeltacross Wales.
Whathadoncebeenastrength,amoveawayfrompublicfundingandrelianceongeneratingincomeonsite, had
duringthe pandemic,becamea significantdisadvantage.By beingmore economicallyindependent,the lackof public
funding had put The Guild in a weaker position than others in the sector.
Incomeearnedonsitedisappearedovernight,andsoduringtheseinitialfew weeksTheGuildhadtoutiliseits small
reserve.DuringthisperiodtheGuildtaskedaFundraisingcommitteetoraisefundstoensuretheGuild's ongoing
sustainability.TheGuildwassuccessfulinapplyingforfundingtohelpTheGuildnavigatethroughthisperiod, and
importantly,allowedspaceto developa plantore-openand'adapt'.Thisadaptplanincludedthepreparationof the
building for re-opening, help towards non-furloughed staff costs, and to implement The Guild's Digital plan.
Thankfully,supportcamefromFoundations,Trusts,PublicandLotteryFunds,forwhichtheGuildismost grateful.
FundingprovidedstabilityfortheGuildtoremainduringthisextraordinaryperiod,sustainingtheorganisation and
allowingtoplanforre-opening,implementaplanto'adapt'theorganisationandprovidingTheGuild'sMakers with
the opportunity to earn income once more.
TheGuild'sAdaptPlanhelpedstaffandourMakerslearnnewdigitalskills,ournew'MakersBlog'serieswas very
popular.MakerswroteupdatesonwhattheyhadbeendoingduringtheLockdownperiods,fromcreatedgowns for
theNHS,tocreatingnewworktohelpfundraisefortheGuilditself.AnumberofGuildMakersalsoprovided Zoom
virtualstudiovisits,which were very popular.The Guild'sMakers also createda series of videos,which were shown to
MenterCaerdydd'saudienceof sociallyisolatedover65'sinCardiff,thevideoswere followedbya liveQ&Awith the
Maker, these were very well received.
TheGuildbeganworkonanewonlineshopduringthisperiod,withtheGalleryclosed,theabilitytoonce again
generateincomebothfor the Guildand our Makers was seen as a priority.We engagedthe help of a specialist Digital
Agency to help us navigate through this.
TheGuild'sMakersareattheheartoftheorganisation,theyhelptosustaintheorganisationandareatthecore of
the Guild'sethos.New channelsof communicationwithmemberswere created,andit was soonrealisedthatno two
membershaveexperiencedthisperiodthesameway.TheimmediateimpactonourMakershasbeensevere, with
incomefromshutdowngalleriesandcancelledworkshopsdroppingtozero,manysoughthelpwithUniversal Credit
claims,applicationsforemergencyfundingandofferingopportunitiesfor'contact'orjustaninformal'chat'. Though
manyhadmanagedtoremaincreativethroughtheperiod,somehavenotfeltabletoworkatall.The Guild's
programmingwasadaptedtoreflectthesechallengingtimes,andofferedMakerstheopportunitytodisplay their
creativity through new exhibitions.
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THE MAKERS GUILD IN WALES (REGISTERED NUMBER: 05608888)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
PriortothePandemic,TheGuildhadcompletedaNationalLotteryHeritageFundResilienceProgramme, initially,
Lockdownrenderedalmostallofthatplanningandworkasnolongerfitforpurpose,almostovernight.However as
this periodcame to an end, The Guild was able to revisit these plans and adapt them in light of the ongoing pandemic.
The Guild is committed to undertaking many of this project's findings, as the situation allows.
AfterthefirstLockdowntheGuildwasabletore-openlateinJuly2020,thissummerperiodstillhada significant
reductioninfootfall,ascomparedtothepre-pandemicperiod.Internationaltouristswereunabletovisit,and UK
touristnumbersnotmakingasignificantdifferencetothedropinfootfall.CardiffBayalsosufferedas offices
remainedempty(andcontinuetodosointo2021).Themajoranchororganisationfortheartsaudiences, Wales
Millennium Centre, remained closed as of July 2021.
Theearlyautumnperiodbroughtnew'LocalRestrictions'-Cardiffresidentswereunabletoleavethecounty, and
residentsfromoutsideofthecountywereunabletovisit.ThisledontotheNational(Welsh)Firebreakin October,
leadingto thesecondLockdownforChristmasandsubsequentre-openingonthe17thApril2021.Footfall continued
to be below pre pandemic levels, and usual patterns and pre-pandemic predictions no longer applicable.
Notably,duringthis periodof Lockdowns(The Guild'sGalleryhas been closeddue to Lockdownrestrictionsfor a total
of 187 days duringthis period)onlineaudiencesexceededin personaudiencesfor the very first time. Obviously there
aremitigatingcircumstancesastowhyaudienceshavebeenunabletophysicallyvisit(Lockdown,Firebreak, low
tourismnumbersetc...),butitdoesprovideadditionalevidencetobackuptheGuilds'adapt'plan,toexpand our
digital offering and to re-positioning itself to expand this growing and strategic audience.
The Guild managed to navigateits way throughthe most extreme year in our organisationshistory.The Guild learnt to
befleetoffoot,adaptingandabletomanagechangeunderextremepressureandoveradramaticallyshort period.
These attributes are evident within the Board of Trustees, Staff, Makers and Volunteers.
Intermsoflearning,TheGuildhadtogetusedto'expectingtheunexpected',budgetingandmakingona much
shortertimescales,amendingandadaptingweekbyweekanddaybyday.TheGuildisnowamuchmore resilient
organisation as a result.
Programme highlights
Educational Exhibition programmes
TheMakersGuildWalesexhibitionsthrough2020into2021wereof courseimpactedbytheCOVID19pandemic and
lockdownperiodswhentheGallerywasforcedtoclose.TheGuildrearrangedandrescheduledexhibitions delayed
duetorestrictions,suchastheSTONEexhibition,originallyplannedtoshowinMay2020.TheGuild supported
exhibitionswithastrongonlinepresencethroughfilmedvirtualtours,interviewswithMakers,demonstrations and
workshops.
Wherepossibleandinlinewithchangingrestrictions,TheGuildofferedeventsinandoutsidetheGalleryas drop-in
sessionsand bookableworkshops.AdditionalMaker in Focusexhibitionswere held withinthe Galleryfor members of
the Guild to show and sell new collectionsof work. The Guild adapteda numberof exhibitionsto featureMakers from
the Guild, in order to help sustain their income during this period.
Makers Guild exhibitions during this period:
Standing Still A Shared Story
Open - July until September 2020
ThisexhibitionwasduetoopentheweekthatLockdownbeganinMarch,andso,oncereopened,wasextended to
allow audiences to see this moving exhibition.
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THE MAKERS GUILD IN WALES (REGISTERED NUMBER: 05608888)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
StandingStillbroughttogetherthreeartistswhosharedsimilarprincipleslinkingtothenaturalenvironment. Each
artistbroughttotheexhibitiontheirveryindividualapproaches;selectingmaterialsandprocessestheyhave both
passionforandgreatskillinworkingwith,tocreatetheirdesiredoutcomes.NickDavies,SashaKingstonand Jayne
Walkerfoundinspirationfromthecoastalgeologyof SouthandWestWales- exploringtherockstrata, geographical
contours,surfacesshapedby weatheringanderosion- the rhythmsandcyclesassociatedwiththe naturalworld. The
artistshavekeptadialoguethroughouttheirresearchandmakingstages,sharingexperiences, observations,
experiments with materials.
Makers Guild Autumn/Christmas exhibition
Set up September but closed due to restrictions in mid December 2020
Our exhibitionfocusedon showcasingGuildmembers work(new collectionsor from pastcollections).Supporting our
membershipwas the overridingmessage of the show.Makerswere askedto providenew workcreatedby those able
to work duringLockdown,and therebyprovidingincome for Makers,many of whom had been withoutincome during
the first Lockdown period.
AdditionalworkcreatedbyGuildmemberswasaddedwithChristmasgifts,stockingfillersetcinNovember. The
Exhibition was forced to close due to the restrictions implemented in December.
Lockdown Restrictions meant that the Guild's Gallery was forced to remain closed until 17 April 2021.
STONE - the carved form
8 May - 18 July 2021
AnexhibitioncelebratingtheextraordinarycraftsmanshipincontemporarystonesculptureintheUK.Sculptor and
curatoroftheexhibition,PaulMitchellselectedartistswhoworkinavarietyofdifferentstonesincluding granite,
slate,limestone,marbleandalabaster.The artistseachdemonstratetheirmasteryof stonecarving,whetherin relief
or in the three-dimensionalform.The inherentqualitiesof the stone;it'stranslucency,reflection,absorptionof light,
uncoveredthroughthemasteryof carvingandfinish.ExhibitingartistsTom Clark,DavidEngland,PaulMitchell, Meic
Watts (also a Guild member) and Jude Tucker.
As part of the exhibitionand underrestrictionscarvingdemonstrationsoutsidethe Gallerytook place duringMay and
June with Meic Watts and Paul Mitchell.
Theexhibition'walk&talk'wasfilmedbyanexhibitioncurator.ItwasmadeavailableviaYouTubeonour website
andsocialmediaplatforms.PaulMitchelltalkedabouteachartistsworkinmoredepth-lookingatthe artist's
inspiration, carving techniques and materials.
Maker in Focus
Exhibitions focused on new work by Guild Makers
Eluned Glyn and Marian Haf
April to 23 May 2021
A wonderfulexhibitionofworkbytwoGuildmembersaspartofourMeettheMakerartistfilmsproject. Supported
by ACW we were ableto commissionElunedGlynandMarianHaf to createshortfilms thatgive a peek at life behind
theirstudiodoors(allduringLockdownconditions).Theyhavegenerouslysharedwithustheircreative process,
talkingaboutthe inspirationsbehindtheirwork,howtheyplan,designandmake as well as lookingat theirideas for
future development. The films were available on You Tube, in Welsh and English.
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THE MAKERS GUILD IN WALES (REGISTERED NUMBER: 05608888)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
Alison Moger - Lunaria Annua/Honesty Plant
29 May - 27 June 2021
GuildmemberAlisonMogerwillbeshowingherrecentbodyofworkcreatedduringtheCOVIDlockdownsof recent
months.It is inspiredby her own memories, previousartistresidenciesin care homes and her ongoingonline teaching
withcarehomeresidents.Alisonhasbeenwritingherthoughtsandwordsfromtheresidencyontothe Honesty
seedpods.A symbolof goodluck,her stitchworkintothem representsthe passingof time,ageinganddementia. The
fragility of the pods themselves reflecting the fragility of life.
Emerging Makers - Students of Cardiff School of Art, Cardiff Metropolitan University
June 2021
AstudentexhibitionofceramicsandtextilesbygraduatesofCardiffSchoolofArt,CardiffMetropolitan University
2021.The MakersGuildWalesis a key supporterof the studentsandgraduatesof art anddesign.For manyyears we
havecelebratedtheirceramics,jewellery,furnituredesign,printmakingandtextilesthroughexhibition opportunities
in 'Oriel 2'.
LinkedtoourStudentAssociationandMembershipschemesforstudentsandrecentgraduates,TheGuild offers
trainingand supportin areas includingportfoliopresentation,approachinggalleries,curation,pricingand display.As a
membershiporganisationTheGuild'sCraftMakersregularlycometotheGallerytohelpwithstewarding,give craft
demonstrationsand talks and to meet studentsto discusstheir work. The graduatesexhibitinghave had a challenging
12monthsinwhichtheyhavehadlittleaccesstostudiosandequipmenttorealisetheirideas,whetherin ceramics,
metalwork,textiles,glassorwood.Workingremotelyfromhomethegraduateshavemadeanexceptionaleffort to
createabodyofworkinclayandtextilestopresentfortheirfinalassessments.Withworkinanumberof outreach
exhibitions, we were able to show a small sample of their work, most of it for sale and/or available for commission.
Community Projects
'Cwrdd ar Crefftwr'
Welsh Language digital project
Our new Welsh Language Craft educational project partnering with Menter Caerdydd, Cardiff
DuringLockdown,ourMakerscreatednewvideocontent,throughthemediumofWelsh,whichwe uploadedto our
YouTubechannel,thisvideowasthenplayedtoMenterCaerdydd'stargetaudience,ofsociallyisolatedover65's in
Cardiff.
CeramicistElunedGlynandprintmakerMarianHafworkingunderLockdownconditions,filmedthemselvesin their
studios,givinganinsightintostudiopracticeandbeingverygenerousinshowingsomeoftheirmaking techniques
andplansfor furtherdevelopment.These films were createdin WelshandlaunchedourMeet the Maker partnership
withMenterCaerdyddwhereliveQ&Asessionswereheldfollowingeachviewing.MenterCaerdyddwere very
pleased with the Meet the Maker sessions and had excellent feedback from the participants/viewers.We will continue
to create these opportunities for audiences through the Welsh language. Feedback received;
"Elunedwas brilliant- very enthusiastic;informativeand friendlywhen answeringquestions.She's a naturalin front of
the camera."
"Great session with Marian today.The video was informativeand friendlyand Marian was brilliantat answeringall the
queries and questions."
Heritage
TheGuildbeganapartnershipwithTheHeritage&CulturalExchange,aCardiffbasedcommunitygroup which
exploresandcelebratesthesocialandculturalheritageofTigerBayandCardiffdocklands.TheGuild's unique
Landmarkbuildingis a Grade II listed VictorianTransitWarehouseof Cast Iron Construction.Originallyknown as the D
Shed,itisoneofthelastmid-nineteenthcenturybuildingsinCardiffBayandisoneofthefewremaininglinks to
Cardiff'sIndustrialandMaritimeHeritage.It appearedon the firsteditionOrdnanceSurveymap of the 1870s located
alongside Bute East Basin.
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THE MAKERS GUILD IN WALES (REGISTERED NUMBER: 05608888)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2021
TheGuildisproudofthisuniqueculturalheritage,andasaresulthasbeguntocelebratethishistory.The Heritage
andCulturalExchangeposesauniquearchiverelatingtotherichhistoryofTigerBayandtheCardiffDocks area.
Partneringthem,initially,todeliversomenewinterpretationpanelsandnewdigitalcontentforour website,
reflectingtherichhistoryofourHeritageBuildingandtheCulturalContextwithinwhichitwascreatedand existed.
We are buildingon thisworkandhavesoughtadditionalfundingto createa digitalresourceusingthe workwe have
already achieved as a springboard. We see this partnership growing in the future.
Financial review
Principal funding sources
Undernormalcircumstances,commissionsfromthesaleofMakerMembers'workdisplayedinthemain Gallery
space, rental income from the restaurantincome from educationalactivitiesand the lettingof meeting rooms produce
thebulkoftheCharity'sincome.TheongoingCOVID-19pandemicmeansthattheGuildhasdevelopeda new
FundraisingStrategywhichmeans the GrantFundinghas now become the largestsourceof income,the planis under
constantreview and continuesto evolve as the currentsituationprogresses.With restrictionsbeing removed over the
summer,saleshaveslowlystartedtoimprove,andasaresulttheGuildisabletobuildonthisincomeonce more.
However,theGuildisacutelyawarethatdiversifyingitsincomestreamsiskeytoitsongoingresilience.Therefore in
developing a balanced long term strategy, the Guild will ensure that it's income is as secure as it is possible.
Investment policy and objectives
UndertheMemorandumandArticlesofAssociation,theCharityhaspowertoinvestinanywaytheTrustees wish.
The Trustees regularly review the investment funds to ensure that they are the most appropriate for the Charity.
Review of finances
The Guild has been fortunate to receive Grant help through this period from the following
The Moondance Foundation;
The Garfield Weston Foundation;
The Oakdale Trust;
The Arts Council of Wales;
National Lottery Heritage Fund;
The Davies Sisters Charities;
The Foyle Foundation;
Welsh Government;
Cardiff Council
The Guild would like to thank all of the above for their support during this period:
The Guildwouldalsoliketo thankThe Friendsof the MakersGuild,Membersof The MakersGuildandour individual
supporters.
TheGuildhascreatedaplananddetailedbudgetgoingforward,takingintoconsiderationthelearningsfrom the
pandemic.Lessonslearnt,especiallyattheearlystageofthispandemic,showthatdiversifyingincomestreams, a
fundraising plan and the creation of a new strategic reserve are all essential to ensuring the Guild's future.
The Guildhas learntto review and amend plansin 'real' time as a resultof the pandemic,and as a resultTrustees feel
confidentthat the organisationis much better positionto sustainitself goingforward.To help this plan,The Guild has
beguntoadaptitsincomestreams,(suchasitsnewonlineshop),createdongoingrelationshipswith Funders
(especiallywiththosewhosupportingtheGuildduringthepandemic)andisensuringthatareserveis created
sufficient to see it through a similar scenario , should it occur again.
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THE MAKERS GUILD IN WALES (REGISTERED NUMBER: 05608888)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
STRATEGIC REPORT
Financial review
TheGuildhasaprudentapproachinrelationtocashflowmanagementandthankfullytheGuildhasbeenable to
successfullyaccessseveral'EmergencyFunding'grantsthroughthisunprecedentedperiod.Althoughthe Guild's
reserveswere almostcompletelydiminishedduringthefirstfew weeks of Lockdown,stepshavebeentakento begin
torebuildcashreservesoverthenext12months,despiteanticipatingareductionin(thoughimproving) earned
income.The Guild'splanis to ensuresufficientreserves are acquiredto ensurethe Guildcan face a similarsituation if
one was to occur again.
FollowingthesuccessofthefundraisingstrategyduringtheyearadesignatedInvestmentfund/reservehas been
created.Thefundwillbeutilisedoverthecourseofthenextfinancialyearwithanumberofstrategic projects
ongoing,includingimplementationofrecommendationsfromtheNationalLotteryHeritageFund'Resilience Project'
andongoingandessentialbuildingmaintenancetoensurelongtermfinancialstabilityinanincreasingly uncertain
economic climate.
Reserves policy
TheGuildwasinitiallyforcedintoutilisingmostofitsreservesinorderintheinitialstageoftheCOVID-19 pandemic
and subsequentLockdownperiod.Althoughmuch depleted,these Reserves helped the Guild survive until funding was
receivedfromUK andWelshGovernment,Foundations,Trustsanddonations.TheGuildhasprioritisedthe building
of a new larger reserve to ensure the Guild can face a similar situation once again should it ever occur.
Trustees ensure that the disposition of restricted funds is in accordance with donor requirements.
Factors affecting the Charity
WiththeunexpectedarrivalofCOVID-19,theinitialimpactontheCharitywassevere,testingthe organisations
resiliencetotheextreme.Thankstogoodmanagementandquickactions,theGuildhasmanagedto successfully
navigatethe initialstage.Movingforward,as restrictionsare eased,incomeis improving,however,therestill remains
muchuncertainty.The Guildhas learntto expectthe unexpectedandis thereforeplanningto ensurethatthe charity
is much more resilient to any potential threats and risks that may still lie ahead.
Future plans
Due to the COVID-19 pandemic,the Guild had to postponeits organisationaldevelopmentplans which were produced
as a result of a recent NationalLotteryHeritageFund 'ResilienceProject' in late 2019. It is however the Trustees aim to
instigate a number of these recommendations to build the Guild's resilience over the coming year.
TheGuildis alsomindfulof theplansunderconsiderationforCardiffBayandtheGuildsimmediatesurroundings. As
plansdevelopandmaterialise,theGuildwillensurethatthecharityis bestpositionedtoengagewithandbe part of
these developments.
The Guild fund raising will continue evolve, with a diverse and balanced mixed of income streams.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
TheCharityisacompanylimitedbyguaranteeandwasregisteredwiththeCharityCommissionon6April 2006,
althoughThe Makers Guild in Wales was first establishedby a groupof Makers in 1984. The GoverningDocuments are
heldat Craftin the Bay. In October2006,the Guildagreedto the establishmentof the currentCharity.There are two
categoriesofmembership;Maker-MemberandSupporter-Member.Inordertobecomea Maker-Member,
craftmakerswholiveandworkinWalesareentitledtoapplyandsubmittheirworktotheGuildsrigorous artistic
selection procedure.
Atpresent,mostareasofWalesarerepresentedwithinthemembership,withmoreinevitablybasedinSouth East
Wales, simply reflectingthe populationdistributionof the country.The membershipis not evenly balancedin terms of
gender, at present it is 26% male and 74% female.
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THE MAKERS GUILD IN WALES (REGISTERED NUMBER: 05608888)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
Trustees,whoare eitherMakeror Supporter-Membersof the Guild,are appointedat the AnnualGeneralMeeting. A
maximum of 25% are Maker-Membersand the remainderare recruitedexternallyas SupporterMembers according to
the differing skills which are seen to be appropriate.
Trusteesarenowrecruitedviaa formalinterviewandthenselectedaccordingto abilityandsuitabilityfortherole. A
formal induction process is to be introduced in due course.
As a resultof the pandemic,The Guildwas fortunateto havethe supportof its BoardwithTrusteeswillingto remain
in post as recruitmentbecome difficultdue to restrictions.However, as restrictionsare eased the Guild will once again
begin it's recruitment process.
Organisational structure
The governingbody is the Board of Trustees who are non-executive,unpaidand meet six times a year. The Board have
nowformallyestablishedfivestandingcommitteeswhoreportdirectlytotheBoard;aFinanceCommittee, an
Education and Exhibitions Committee; a Membership Committee, a Marketing Committee and a Buildings Committee.
Each committee is made up of at least two Trustees and a staff member, with furtherpersonnelrecruitedas and when
required.TheBoardhavealsoreviewedandupdatedstaffingandinternalcommunicationstructures.The Board
delegate the general day to day running of the Charity to Mr S Burgess, the General Manager.
Induction and training of new trustees
Thereisaformalinductionortrainingprocessfortrustees.Vacantpositionsareadvertisedandashortlist are
interviewed for each post. Trustees are chosen for the specific skills that they bring to the Board.
Risk management
TheTrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controlsareinplacetoprovidereasonableassuranceagainstfraudanderror.Riskassessmentandthe management
ofriskisacontinuousprocesswithallareasbeingaddressedasrequiredandtheTrusteesaresatisfied that
appropriate action has been taken to mitigate any impact of these risks.
The arrivalof COVID-19,means that Charityassessment of risk has and will continueto have to be re-evaluatedin light
oftheongoingpandemicandanysubsequentshort,mediumandlongtermeffectsthatthisoranyother pandemic
may as yet bring.
Staffing
TheGuildemploys3full-timestaffand4part-timestaff,whichhasremainedconstantforanumberof years.
VolunteeringhassincetheGuild'sinceptionin1984,beingseenasvitaltoensuringthattheGuildcan operate
effectively.VolunteeringisastrengththatgivestheGuildanabilitytocallontheskills,timeandenergyofa large
dedicated and supportive volunteer base when required.
ThestaffingoftheGalleryareaissupplementedbyavolunteereachday.TheGuildoperatesaprogramme of
volunteeropportunitiesandrecruitsthroughtheVolunteerNetwork,partoftheThirdSectorSupportWales. The
Guildis a memberof the WelshCouncilforVoluntaryAction(WCVA).Withthe Guildbuildingclosedformuchof this
period,the numberof volunteerdaysgivento the guildforthe periodis muchreduced,howeverthe Guildwishes to
thankourvolunteersforthesupportandassistancegiven.TheGuildhasbeenavolunteerledand supported
organisation since it's inception in 1984 with many long serving volunteers.
TheGuildoperatedwiththehelpof325daysgivenbyvolunteersin2019/20whichincludemaker-members, school
pupils,students,volunteersandFriendsoftheGuild.TheGuildis gratefulforthesupportithasreceivedinthis area
fromVolunteeringWales,CardiffThirdSectorCouncilandTheWalesCouncilforVoluntaryAction;TheGuild would
like to recognise the special efforts that volunteers from the Friends of the Makers Guild give to the Guild.
9
THE MAKERS GUILD IN WALES (REGISTERED NUMBER: 05608888)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30JUNE 2021
REFERENCE AND ADMINIStRATIVE DAlls
Reglstered Company number
05608888 (Not speafied/Otherl
Reglstered Charlty number
1113675
Regt5tered office
The Flourish
Lloyd George Avenue
Cardiff
CFIO 4QH
Trustees
B Adams
S Nicholls Chair
G Purcell-jones Treasurer
R Pitt Vice-chair
D S Lewis
B Gegenwart
D E james
P R Thomas
T AAdam
P Lawrence
LMGTann
Company Secretary
S Burgess
Independent Examlner
Stuart Halries FCA ACCA
Independent Examiner
Carr, jenkins & Hood
Redwood Court
Tawe Business Villa8e
Swanse
SA7 9LA
INCORPORATION ANO COMMENCEMENT OF ACTIVITIES
The Charity was incorporated on l November 2(X)5 and comrnenced trading on l Ortober 2(6, when it merBed it's
two previous organisatlons into one sIne corporate charity. The Charity under itrs prewous identity has traded since
1984.
This report has been prepared in accordance wlth the spetial provisions of Part IS of the Companies Art 2(¥J6 relatin8
to small companies.
Report of the trustee
irector
incofporating a strategic report. approved by order of the board of trustees. a5 the company
. and signed on the board's behalf by=
Nicholls- Trustee
io
INDEPENDENT EXAMINER'S REPORTTO THE TRU5fEES OF
THE MAKERS GUILD IN WALES (REGISTERED NUMBER: 05608888)
Independent examlner's report to the trustee5 of The Makers Guild In Wales Iyhe Company'l
I report to the charity trustees on my examir)ation of the accounts of the Company for the year ended 30 June 2021.
Responslbllltles and basts of report
As the chariws tnjstees of the Company land a150 its dirertors for the purposes of company lawl you are responslble
for the preparation of the accounts in accordance with the requirements of the Companies A¢t 2(61'the 2Crf)6 Act'l.
Havin8 satisfied myself that the atcounts of the Company are not requlred to be audited under Part 16 of the 26 Act
and are eligible for independent examination. I report in respett of my examination of your charlty's accounts as
carried out under 5ertion 145 of the Charities Act 2011 l*he 2011 Act'}. In carrying OLrt my examination I have
followed the Dirertions given by the Charity Commlsslon under section 145{51 Ibl of the 2011 Act.
Indepèndent examSner's statement
Slnce the company's gross income exceeded £250,CKK) your examiner must be a member of a body listed in sertlon
145 of the 2011 Act. I can confirn) that l am qualified to undertake the examination because l am a member of the
Instltute of Chartered Accountants in England and Wales, whith is one of the listed bodies.
I have completed rny examination. I confirm that no matters have wme to my attention in connÈctlon wlth the
examinatiori 8ivin8 me cause to believe th•t any material respe¢t=_
accountin8 records weTr kept in respect of the Company as required by sertion 386 of the 2(lJ6 Act; or
the accounts do not accord wtth those records.. or
the accounts do not comply with the accounting requirements of section 396 of the 2LK)6 Act other than any
requirement that the accounts give a true and fair view which is not a matter considered as part of an
Independent examination- or
the accounts have not been prepared in accordance with the methods and prlnciples of the Statement of
Recommended Practice for accountiri8 and porting by charities lapplicable to chartties preparing their
accounts in accordance with the Financial Reporti Standard applicable in the UK and Republic of Ireland
IFRS 10211.
I have no concems and have come across no other matters in connertion wfch the examination to which attention
should be drawn in this report in order to enable a proper understsnding of the accounts to be reached.
Stuart Harrles FCA ACCA
Independent Examiner
Carr. Jenkins & Hood
Redwood Court
Tawe Business Village
Swansea
SA7 9LA
Date..
li
THE MAKERS GUILD IN WALES
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2021
Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
61,349
89,055
Charitable activities
6
Gallery
12,194
-
Exhibition
14,047
-
Workshop
944
-
Other trading activities
4
12,190
-
Investment income
5
31,142
-
Other income
7
47,260
-
Total
179,126
89,055
EXPENDITURE ON
Raising funds
8
11,063
-
Charitable activities
9
Gallery
44,070
89,453
Exhibition
-
28,592
Workshop
-
13,641
Total
55,133
131,686
NET INCOME/(EXPENDITURE)
123,993
(42,631)
Transfers between funds
21
(42,631)
42,631
Net movement in funds
81,362
-
RECONCILIATION OF FUNDS
Total funds brought forward
47,798
-
TOTAL FUNDS CARRIED FORWARD
129,160
- |
2021
Total
funds
£
150,404
12,194
14,047
944
12,190
31,142
47,260
268,181
11,063
133,523
28,592
13,641
186,819
81,362
-
81,362
47,798
129,160 |
2020
Total
funds
£
68,237
14,787
4,432
4,248
49,466
33,382
13,699 |
|
|
188,251
8,700
127,082
24,224
14,495 |
|
|
174,501 |
|
|
13,750
- |
|
|
13,750
34,048 |
|
|
47,798 |
The notes form part of these financial statements
12
THE MAKERS GUILD IN WALES (REGISTERED NUMBER: 05608888)
BALANCE SHEET
30 JUNE 2021
Notes
FIXED ASSETS
Tangible assets
16
CURRENT ASSETS
Stocks
17
Debtors
18
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
19
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
ACCRUALS AND DEFERRED INCOME
20
NET ASSETS/(LIABILITIES)
FUNDS
21
Unrestricted funds:
General fund
Designated investment fund
TOTAL FUNDS |
Unrestricted
funds
£
1,068,703
16,095
38,605
115,083
169,783
(85,706)
84,077
1,152,780
(1,023,620)
129,160 |
Restricted
funds
£
-
-
-
-
-
-
-
-
-
- |
2021
Total
funds
£
1,068,703
16,095
38,605
115,083
169,783
(85,706)
84,077
1,152,780
(1,023,620)
129,160
74,160
55,000
129,160
129,160 |
2020
Total
funds
£
1,079,907
20,591
59,746
61,737
142,074
(137,926)
4,148
1,084,055
(1,036,257)
47,798
47,798
-
47,798
47,798 |
|
|
|
|
|
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 30 June 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 June 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
13
THE MAKERS GUILD IN WALES (REGISTERED NUMBER: 056088881
BALANCE SHEEf- wntinyed
30JUNE 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable cornpanies
subject to the small companies re8ime.
The financial statements were approved by the Board of Tru5tee5 and auth0ri5ed for i55ue
.. and were signed on its behalf .
on
GPur
l-Jones- Trustee
The notes fom part of these financial ststements
14
THE MAKERS GUILD IN WALES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
1. STATUTORY INFORMATION
TheMakersGuildInWalesisaprivatecompany,limitedbyguaranteewithoutsharecapital,registered in
England and Wales. The registered office address can be found in the report of the trustees.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The Makers Guild In Wales meets the definition of a public benefit entity under FRS 102.
TheGuildreviewsthecharity'sforecasts,budgetprojectionsandworkingcapitalrequirementsat regular
trusteeandFinanceCommitteemeetingsthroughouttheyear.Thetrusteesthereforehavea reasonable
expectationthatthecharityhasadequateresourcestocontinueinoperationalexistenceforthe foreseeable
future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
Financial reporting standard 102 - reduced disclosure exemptions
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptionsinpreparing these
financialstatements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUK and
Republic of Ireland':
the requirements of Section 7 Statement of Cash Flows.
Income
Incomeisrecognisedwhenthecharityhasentitlementtothefunds,anyperformanceconditionsattached to
theincomehavebeenmet,itisprobablethattheincomewillbereceivedandtheamountcanbe measured
reliably.
Donations and voluntary income are accounted for when receivable.
Incomefromgovernmentandothergrants,whether'capital'or'revenue'grants,isrecognisedwhen the
charityhasentitlementtothefunds,anyperformanceconditionsattachedtothegrantshavebeenmet,it is
probable that the income will be received and the amount can be measured reliably and is not deferred.
Intereston funds held on depositis includedwhen receivableand the amountcan be measuredreliablyby the
charity; this is normally upon notification of the interest paid or payable by the Bank.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
and the amount of the obligation can be measured reliably.
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbe directlyattributedtoparticularheadingstheyhave been
allocated to activities on a basis consistent with the use of resources.
continued...
15
THE MAKERS GUILD IN WALES
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2021
2. ACCOUNTING POLICIES - continued
Allocation and apportionment of costs
Costsareallocatedbetweendirectcharitableandsupportexpenditureaccordingtothenatureofthe cost.
Whereitemsinvolvemorethanonecategorytheyareapportionedbetweenthecategoriesona basis
consistent with the use of resources.
Tangible fixed assets
Tangiblefixedassets otherthanfreeholdlandare statedat cost less depreciation.Depreciationis provided at
rates calculatedto write off the cost less estimatedresidualvalue of each asset over its expectedusefullife, as
follows:
Freehold land |
Freehold land is not depreciated |
Freehold property |
123 years straight line |
Plant and machinery |
5 years straight line |
Fixtures, fittings and equipment |
5 to 10 years straight line |
Stocks
Stocksconsistsofcards,magazines,booksandvideosandarevaluedatthelowerofcostandnet realisable
value.
Taxation
The charity is exempt from Corporation Tax on its charitable activities.
Fund accounting
Unrestricted funds may be used in accordance with the charitable objectives, at the discretion of the trustees.
Restrictedfundsmayonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to
which they relate.
Debtors
Tradeandotherdebtorsarerecognisedatthesettlementamountdueafteranytradediscount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cashatbankandinhandincludescashandashorttermdepositaccountthataresubjecttoan insignificant
risk to changes in value.
Creditors and provisions
Creditorsandprovisionsare recognisedwhere the charityhas a presentobligationresultingfrom a past event
thatwillprobablyresultinthetransferoffundstoathirdpartyandtheamountduetosettlethe obligation
canbemeasuredorestimatedreliably.Creditorsandprovisionsarenormallyrecognisedattheir settlement
amount after allowing for any trade discounts due.
continued...
16
THE MAKERS GUILD IN WALES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
2. ACCOUNTING POLICIES - continued
Financial instruments
The charityonlyhas financialassets and financialliabilitiesof a kindthat qualifyas basic financial instruments.
Basicfinancialinstrumentsareinitiallyrecognisedattransactionvalueandsubsequentlymeasuredat their
settlement value.
3. DONATIONS AND LEGACIES
DONATIONS AND LEGACIES |
|
|
Grants
Deferred income released |
2021
£
140,551
9,853
150,404 |
2020
£
58,384
9,853 |
|
|
68,237 |
Incomefromdonationsandlegacieswas£150,404(2020;£68,237)ofwhich£89,055(2020;£31,203) was
attributable to restricted funds and £61,349 (2020; £37,034) was attributable to unrestricted funds.
Grants received and released in the year, included in the above, are as follows:
|
2021 |
2020 |
|
£ |
£ |
|
|
|
Energy efficiency project |
170 |
170 |
Solar Panels |
1,881 |
1,881 |
Garfield Weston Foundation |
25,000 |
5,000 |
Heritage Lottery Fund Resilience Project |
8,358 |
25,327 |
Community Foundation in Wales |
5,000 |
3,825 |
G & M Davies Trust |
- |
1,000 |
Oakdale Trust |
- |
500 |
Moondance Foundation |
- |
15,000 |
Arts Council of Wales Emergency Funding |
24,996 |
5,681 |
Heritage Lottery Fund Emergency Funding |
40,000 |
- |
The Gibbs Trust |
1,500 |
- |
Arts Council of Wales Cultural Recovery Fund |
33,646 |
- |
|
|
|
|
140,551 |
58,384 |
|
|
|
continued...
17
THE MAKERS GUILD IN WALES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
4. OTHER TRADING ACTIVITIES
Fundraising events
Gallery income
5.
INVESTMENT INCOME
Rents received
Room rental income
Deposit account interest
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Members fees
Gallery
Selection fees
Gallery
Exhibition
Exhibition
Workshop
Workshop
7.
OTHER INCOME
Electricity feed in tariff
Government financial assistance COVID grant
HMRC Job Retention Scheme
Insurance claim
Cardiff Council Restriction Business Fund grant
Welsh Government Sector Specific Fund grant |
2021
£
1,408
10,782
12,190
2021
£
26,600
4,534
8
31,142
2021
£
11,994
200
14,047
944
27,185
2021
£
1,865
8,333
13,811
751
15,000
7,500
47,260 |
2020
£
6,521
42,945 |
|
|
49,466 |
|
|
2020
£
26,900
6,450
32 |
|
|
33,382 |
|
|
2020
£
14,787
-
4,432
4,248 |
|
|
23,467 |
|
|
2020
£
2,382
1,667
9,650
-
-
- |
|
|
13,699 |
continued...
18
THE MAKERS GUILD IN WALES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
8. RAISING FUNDS
Other trading activities
Purchases
Bad debts
Advertising |
2021
£
5,989
597
4,477
11,063 |
2020
£
6,550
1,017
1,133 |
|
|
8,700 |
9. CHARITABLE ACTIVITIES COSTS
Gallery
Exhibition
Workshop |
Direct
Costs
£
44,961
28,592
13,641
87,194 |
Support
costs (see
note 10)
£
88,562
-
-
88,562 |
Totals
£
133,523
28,592
13,641 |
|
|
|
175,756 |
£131,686(2020;£69,596)of the abovecostswere attributableto restrictedfunds.£44,070(2020;£96,205) of
the above costs were attributable to unrestricted funds.
10. SUPPORT COSTS
SUPPORT COSTS |
|
|
|
|
|
Governance |
|
|
Management |
costs |
Totals |
|
£ |
£ |
£ |
Gallery |
59,438 |
29,124 |
88,562 |
Support costs, included in the above, are as follows: |
|
|
|
Management |
|
|
|
|
|
2021 |
2020 |
|
|
|
Total |
|
|
Gallery |
activities |
|
|
£ |
£ |
Wages |
|
42,143 |
38,349 |
Pensions |
|
2,349 |
1,726 |
Rates and water |
|
293 |
3,132 |
Insurance |
|
2,765 |
3,785 |
Light and heat |
|
2,204 |
4,287 |
Telephone |
|
240 |
400 |
Postage and stationery |
|
645 |
616 |
Sundry expenses |
|
1,725 |
2,846 |
Carried forward |
|
52,364 |
55,141 |
continued...
19
THE MAKERS GUILD IN WALES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
10. SUPPORT COSTS - continued
Management - continued
Brought forward
Bank charges
Credit card charges
Repairs and maintenance
Depreciation of tangible and heritage assets
Governance costs
Wages
Pensions
Independent examiners remuneration
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Legal and professional fees
Sundry expenses
Repairs and maintenance
Depreciation of tangible fixed assets
Bank charges
Credit card charges |
2021
2020
Total
Gallery
activities
£
£
52,364
55,141
236
323
440
889
2,314
1,799
4,084
5,689
59,438
63,841
2021
2020
Total
Gallery
activities
£
£
17,740
15,358
841
714
3,500
3,500
137
1,682
1,303
2,033
1,037
2,303
114
214
304
331
-
27
813
1,529
1,091
966
1,925
3,057
112
173
207
477
29,124
32,364 |
|
|
continued...
20
THE MAKERS GUILD IN WALES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
11. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
2021 |
2020 |
|
£ |
£ |
Independent examiners remuneration |
3,500 |
3,500 |
Depreciation - owned assets |
13,345 |
12,915 |
12. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2021norforthe year
ended 30 June 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.
13. STAFF COSTS
Wages and salaries
Other pension costs |
2021
£
104,875
5,003
109,878 |
2020
£
93,427
4,062 |
|
|
97,489 |
The average monthly number of employees during the year was as follows:
Management
Gallery, exhibition and workshop
Administration |
2021
1
5
1
7 |
2020
1
5
1 |
|
|
7 |
No employees received emoluments in excess of £60,000.
Thekeymanagementpersonnelofthecharity,comprisethetrustees,generalmanager,artisticcurator and
financeandmembershipmanager.Thetotalemployeebenefitsofthekeymanagementpersonnel were
£87,529 (2020: £76,652).
continued...
21
THE MAKERS GUILD IN WALES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
14.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
37,034
31,203
Charitable activities
Gallery
14,787
-
Exhibition
4,432
-
Workshop
4,248
-
Other trading activities
49,466
-
Investment income
33,382
-
Other income
13,699
-
Total
157,048
31,203
EXPENDITURE ON
Raising funds
8,700
-
Charitable activities
Gallery
96,205
30,877
Exhibition
-
24,224
Workshop
-
14,495
Total
104,905
69,596
NET INCOME/(EXPENDITURE)
52,143
(38,393)
Transfers between funds
(38,393)
38,393
Net movement in funds
13,750
-
RECONCILIATION OF FUNDS
Total funds brought forward
34,048
-
TOTAL FUNDS CARRIED FORWARD
47,798
- |
Total
funds
£
68,237
14,787
4,432
4,248
49,466
33,382
13,699 |
|
188,251
8,700
127,082
24,224
14,495 |
|
174,501 |
|
13,750
- |
|
13,750
34,048 |
|
47,798 |
continued...
22
THE MAKERS GUILD IN WALES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
15. INDEPENDENT EXAMINERS REMUNERATION
Examination and preparation of the financial statements
16.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 July 2020
1,240,381
Additions
-
At 30 June 2021
1,240,381
DEPRECIATION
At 1 July 2020
173,709
Charge for year
10,084
At 30 June 2021
183,793
NET BOOK VALUE
At 30 June 2021
1,056,588
At 30 June 2020
1,066,672
17.
STOCKS
Goods for resale
18.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments |
Examination and preparation of the financial statements
16.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 July 2020
1,240,381
Additions
-
At 30 June 2021
1,240,381
DEPRECIATION
At 1 July 2020
173,709
Charge for year
10,084
At 30 June 2021
183,793
NET BOOK VALUE
At 30 June 2021
1,056,588
At 30 June 2020
1,066,672
17.
STOCKS
Goods for resale
18.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments |
|
|
2021 |
|
2020 |
|
|
|
|
£ |
|
£ |
|
|
|
|
3,500 |
|
3,500 |
|
|
|
|
|
|
|
|
|
|
|
3,500 |
|
3,500 |
|
|
|
|
|
|
|
|
|
Plant and
machinery
£
23,807
-
23,807
10,716
2,784
13,500
10,307
13,091 |
|
Fixtures
and
fittings
£
78,391
2,142
80,533
78,248
477
78,725
1,808
143
2021
£
16,095
2021
£
24,814
3,365
10,426
38,605 |
Totals
£
1,342,579
2,142
1,344,721
262,673
13,345
276,018
1,068,703
1,079,906
2020
£
20,591
2020
£
9,956
40,736
9,054
59,746 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continued...
23
THE MAKERS GUILD IN WALES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
19.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
Trade creditors
VAT
Other creditors
Deferred income
Accrued expenses
Deferred government grants
20.
ACCRUALS AND DEFERRED INCOME
Deferred income
Deferred government grants |
2021
£
9,386
6,179
17,616
17,333
25,339
9,853
85,706
2021
£
8,083
1,015,537
1,023,620 |
2020
£
22,929
7,289
9,128
83,180
5,547
9,853
137,926
2020
£
10,867
1,025,390 |
2020
£
22,929
7,289
9,128
83,180
5,547
9,853 |
|
|
|
137,926 |
|
|
1,036,257 |
|
Deferredgovernmentgrantsaregrantsawardedforthepurposeofpurchasingthecharity'spremises. The
grant is treated as deferred income and amortised over the life of the corresponding assets.
Deferredincomeconsistsofincomeandothergrantsreceived.Grantsandotherincomeforspecific assets
such as the solar panels and the kiln will be released over the useful life of the corresponding asset.
Grants in respect of the charity's costs will be released when the expenditure has been incurred.
21. MOVEMENT IN FUNDS
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
|
Net |
Transfers |
|
|
|
|
movement |
between |
At |
|
At 1.7.20 |
|
in funds |
funds |
30.6.21 |
|
£ |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
|
General fund |
47,798 |
|
123,993 |
(97,631) |
74,160 |
Designated investment fund |
|
- |
- |
55,000 |
55,000 |
|
47,798 |
|
123,993 |
(42,631) |
129,160 |
Restricted funds |
|
|
|
|
|
Exhibition |
|
- |
(28,592) |
28,592 |
- |
Workshop |
|
- |
(13,641) |
13,641 |
- |
Gallery |
|
- |
(398) |
398 |
- |
|
|
- |
(42,631) |
42,631 |
- |
TOTAL FUNDS |
47,798 |
|
81,362 |
- |
129,160 |
continued...
24
THE MAKERS GUILD IN WALES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
21. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
|
|
|
Incoming |
Resources |
Movement |
|
|
|
resources |
expended |
in funds |
|
|
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
|
General fund |
|
|
179,126 |
(55,133) |
123,993 |
Restricted funds |
|
|
|
|
|
Exhibition |
|
|
- |
(28,592) |
(28,592) |
Workshop |
|
|
- |
(13,641) |
(13,641) |
Gallery |
|
|
89,055 |
(89,453) |
(398) |
|
|
|
89,055 |
(131,686) |
(42,631) |
TOTAL FUNDS |
|
|
268,181 |
(186,819) |
81,362 |
Comparatives for movement in funds |
|
|
|
|
|
|
|
|
Net |
Transfers |
|
|
|
|
movement |
between |
At |
|
At 1.7.19 |
|
in funds |
funds |
30.6.20 |
|
£ |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
|
General fund |
34,048 |
|
52,143 |
(38,393) |
47,798 |
Restricted funds |
|
|
|
|
|
Exhibition |
|
- |
(24,224) |
24,224 |
- |
Workshop |
|
- |
(10,670) |
10,670 |
- |
Gallery |
|
- |
(3,499) |
3,499 |
- |
|
|
- |
(38,393) |
38,393 |
- |
TOTAL FUNDS |
34,048 |
|
13,750 |
- |
47,798 |
continued...
25
THE MAKERS GUILD IN WALES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
21. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Exhibition
Workshop
Gallery
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
157,048
(104,905)
52,143
-
(24,224)
(24,224)
3,825
(14,495)
(10,670)
27,378
(30,877)
(3,499)
31,203
(69,596)
(38,393)
188,251
(174,501)
13,750 |
|
|
A current year 12 months and prior year 12 months combined position is as follows:
|
|
|
Net |
Transfers |
|
|
|
|
movement |
between |
At |
|
At 1.7.19 |
|
in funds |
funds |
30.6.21 |
|
£ |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
|
General fund |
34,048 |
|
176,136 |
(136,024) |
74,160 |
Designated investment fund |
|
- |
- |
55,000 |
55,000 |
|
34,048 |
|
176,136 |
(81,024) |
129,160 |
Restricted funds |
|
|
|
|
|
Exhibition |
|
- |
(52,816) |
52,816 |
- |
Workshop |
|
- |
(24,311) |
24,311 |
- |
Gallery |
|
- |
(3,897) |
3,897 |
- |
|
|
- |
(81,024) |
81,024 |
- |
TOTAL FUNDS |
34,048 |
|
95,112 |
- |
129,160 |
continued...
26
THE MAKERS GUILD IN WALES
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021
21. MOVEMENT IN FUNDS - continued
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
Unrestricted funds
General fund
Restricted funds
Exhibition
Workshop
Gallery
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
336,174
(160,038)
176,136
-
(52,816)
(52,816)
3,825
(28,136)
(24,311)
116,433
(120,330)
(3,897)
120,258
(201,282)
(81,024)
456,432
(361,320)
95,112 |
|
|
Restricted funds are grants received for specific charitable objectives.
22. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2021.
23. ULTIMATE CONTROLLING PARTY
The ultimate controlling party is the board of trustees.
27