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|Contents||Page|
|---|---|---|
|Trustees'<br>report|||
|Auditor's<br>report to the members ofThe Goldsmiths'|Centre|13|
|Statement offinancial activities||17|
|Balance sheet||18|
|Statement ofcash flows||19|
|Notes to the financial statements||20|





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||||Unrestricted|Restricted|Total|Tot:al|
|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Funds|
||||2021|2021|2021|2020|
|||Note|f|f|f|f|
|Income and endowments|from:||||||
|Donations<br>and legacies|||1,826,488|20,000|1,846,488|1,825,862|
|Other trading activities|||151,409||151,409|273,280|
|Income from investments|||48||48|1,095|
|Charitable<br>activities|||444,252||444,252|401,931|
|Other income|||8,078||8,078|83,874|
|Total income|||2,430,275|20,000|2,450,275|2,586,042|
|Expenditure<br>on:|||||||
|Raising funds||s|659,780||659,780|844,629|
|Charitable<br>activities||6|2,422,728||2,422,728|2,190,989|
|Total expenditure|||3,082,508||3,082,508|3,035,618|
|Net expenditure<br>forthe year|||(652,233)|20,000|(632,233)|(449,576)|
|Transfers|||1,000|(1,000)|||
|Total funds brought forward|||11,710,166||11,710,166|12,159,742|
|Total funds carried forward|||11,058,933|19,000|11,077,933|11,710,166|





|||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|---|
|||||Group|Centre|Group|Centre|
||||Note|f|f|f|f|
|Fixed assets||||||||
|Buildings||||10,699,854|10,699,854|11,228,250|11,228,250|
|Other fixed assets||||148,132|148,132|197,014|197,014|
|||||10,847,986|10,847,986|11,425,264|11,425,264|
|Current assets||||||||
|Debtors||||153,286|192,064|162,580|147,086|
|Cash at bank||||582,064|519,197|501,123|483,409|
|||||735,350|711,261|663,703|630,495|
|Less: Creditors||||||||
|(falling due in less than one year)||||||||
|Creditors|||9|419,566|358,908|299,252|250,217|
|Net current assets||||315,784|352,353|364,451|380,278|
|Total assets less|current liabilities|||11,163,770|11,200,339|11,789,715|11,805,542|
|Less: Long-term|liabilities|||||||
|(falling due in more|than|one year)||||||
|Provision for building||maintenance|10|85,837|85,837|79,549|79,549|
|Net assets||||11,077,933|11,114,502|11,710,166|11,725,993|
|Represented<br>by:||||||||
|Unrestricted<br>Funds|||13|11,058,933|11,095,502|11,710,166|11,725,993|
|Restricted<br>Funds|||13|19,000|19,000|||
|Total funds||||11,077,933|11,114,502|11,710,166|11,725,993|






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|||||2021|2020|
|---|---|---|---|---|---|
|||||f||
|Net cash flow from operating||activities||144,954|26,158|
|Net cash flow from investing||activities||48|1,095|
|Capital expenditure||||(64,061)|(26,185)|
|Increase in cash||||80,941|1,068|
|Reconciliation ofnet outgoing resources to net cash outflow from operating||||||
|activities:||||||
|Net outgoing resources||||(632,233)|(449,576)|
|Income from investments||||(48)|(1,095)|
|Depreciation<br>charge||||641,339|,635,076|
|Decrease in debtors||||9,294|74,919|
|(Decrease)/increase|in|creditors||120,314|(207,029)|
|(Decrease)/increase|in|long-term<br>liabilities||6,288|(26,137)|
|Net cash flow from|operating||activities|144,954|26,158|
|Analysis ofcash and cash equivalents||||||
|Cash at Bank||||582,064|501,123|
|Analysis ofchanges<br>in net|debt|||||
|Cash and cash equivalents|at the beginning ofthe period|||501,123|500,055|
|Cash flows||||80,941|1,068|
|Cash and cash equivalents|at the end||ofthe period|582,064|501,123|





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|||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|---|
|||||Group|Centre|Group|Centre|
|||||E|E|E|f|
|Unrestricted|operational||grant received|1,697,000|1,697,000|1,784,862|1,784,862|
|Unrestricted|capital|grant|received|76,000|76,000|41,000|41,000|
|Other unrestricted||grants||53,488|53,488|||
|TOTAL - Unrestricted||||1,826,488|1,826,488|1,825,862|1,825,862|



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|3.<br>Income from other trading activities|||||
|---|---|---|---|---|
||2021|2021|2020|2020|
||Group|Centre|Group|Centre|
||f|E|E|E|
|Room Hire to third parties|79,809|14,850|160,722|20,325|
|Catering|22,496|1,051|101,747|984|
|Delivery ofactivities for related parties|49,104|9,104|10,811|10,811|
|TOTAL|151,409|25,005|273,280|32,120|



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||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|
||||Group|Centre|Group|Centre|
||||E|E|f|E|
|Letting ofmanaged|workspace||306,341|306,341|252,078|252,078|
|Income from professional||training|106,046|103,670|125,262|122,758|
|Membership|||31,865||24,591||
|TOTAL|||444,252|410,011|401,931|374,836|





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|||2021|2021|2020|2020|
|---|---|---|---|---|---|
|||Group|Centre|Group|Centre|
|||E||f|f|
|Government|grants|||51,960|51,960|
|Other income||8,078|8,078|31,914|31,912|
|TOTAL||8,078|8,078|83,874|83,872|



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||||||Depreciation|||TOTAL 2021|
|---|---|---|---|---|---|---|---|---|
|2021|||Direct Staff|Other Direct|and|Allocated|||
||||Costs<br>E|Costs<br>s|Amortisation<br>f|Costs<br>s|Support Costs<br>f||
|Expenditure<br>on raising|funds||||||||
|Events management|||211,797|64,563|16,839|9,114|214,361|516,674|
|Cafe|||5,170|8,997|74,149|41,550|4,136|134,002|
|Activities for others|||9,104|||||9,104|
||||226,071|73,560|90,988|50,664|218,497|659,780|
|Expenditure<br>on charitable||activities|||||||
|Managed workspace|||64,102|26,805|287,434|226,205|77,763|682,309|
|Professional<br>training|||459,968|379,333|183,837|75,746|411,102|1,509,986|
|Membership<br>scheme||||47||||47|
|Trade and exhibition|grants||27,862|179,488|||23,036|230,386|
||||551,932|585,673|471,271|301,951|511,901|2,422,728|
|Governance<br>costs||||23,066|||(23,066)||
|Central support costs|||196,507|784,360|79,080|(352,615)|(707,332)||
|Total expenditure|||974,510|1,466,659|641,339|||3,082,508|





||||||||Depreciation|||TOTAL 2020|
|---|---|---|---|---|---|---|---|---|---|---|
|2020|||||Direct Staff|Other Direct|and|Allocated|||
||||||Costs|Costs|Amortlsatlon|Costs|Support Casts||
||||||f|E|f||E||
|Expenditure||on raising|funds||||||||
|Events management|||||193,010|138,436|13,095|12,381|351,753|708,675|
|Cafe|||||542|10,880|73,474|39,336|911|125,143|
|Activities|for others||||10,811|||||10,811|
||||||204,363|149,316|86,569|51,717|352,664|844,629|
|Expenditure||on charitable||activities|||||||
|Managed|workspace||||28,261|24,679|284,818|209,632|74,055|621,445|
|Professional||training|||290,887|379,615|184,995|71,543|506,900|1,433,940|
|Membership||scheme|||12,260|750|||20,200|33,210|
|Trade and|exhibition||grants||12,688|68,800|||20,906|102,394|
||||||344,096|473,844|469,813|281,175|622,061|2,190,989|
|Governance||costs||||21,655|||(21,655)||
|Central support costs|||||490,420|716,848|78,694|(332,8921|(953,070)||
|Total expenditure|||||1,038,879|1,361,663|635,076|||3,035,618|





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|||2021|2021|2020|2020|
|---|---|---|---|---|---|
|||Group|Centre|Group|Centre|
|||E|f|E|f|
|Salaries||775,074|775,074|828,954|828,954|
|Social security costs||77,245|77,245|82,681|82,681|
|Pension costs||122,191|122,191|127,244|127,244|
|||974i510|974510|1i038i879|1i038879|
|Average number ofemployees|in year|20|20|22|22|
|Staff paid overf60,000:||||||
|f70,000 -f80,000||||||
|f90,000-f100,000||||||
|f130,000 -f140,000||||||
|f140,000 -f150,000||||||



## 

||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|
||||Group|Centre|Group|Centre|
||||E|f|f|f|
|Professional fees (legal, audit &tax)|||20,025|13,700|17,675|11,625|
|Trustees'|travel &|meeting expenses|||1,020|1,020|
|Trustees'|indemnity|insurance|3,041|3,041|2,960|2,960|
|TOTAL|||23,066|16,741|21,655|15,605|





## 

||Buildings|Furniture,|Computers|TOTAL FIXED|
|---|---|---|---|---|
|Group and Centre||Fixtures &||ASSETS|
|2021||Fittings|||
|Costs|||||
|At beginning<br>ofthe year|15,815,900|1,029,863|659,282|17,505,045|
|Additions<br>during the year||5,270|58,791|64,061|
|Disposais during the year||(1,639)|(227,535)|(229,174)|
|Total cost at end ofthe year|15,815,900|1,033,494|490,538|17,339,932|
|Depreciation<br>and amortisation|||||
|At beginning<br>ofthe year|4,587,650|983,097|509,034|6,079,781|
|Charge during the year|528,396|14„189|98,754|641,339|
|Disposals during the year||(1,639)|(227,535)|(229,174)|
|Total charge at end ofthe year|5,116,046|995,647|380,253|6,491,946|
|Net book value|||||
|At beginning<br>ofthe year|11,228,250|46,766|150,248|11,425,264|
|At end ofthe year|10,699,854|37,847|110,285|10,847,986|
||Buildings|Furniture,|Computers|TOTAL FIXED|
|Group and Centre||Fixtures &||ASSETS|
|2020||Fittings|||
|Costs|||||
|At beginning<br>ofthe year|15,815,900|1,003,678|659,282|17,478,860|
|Additions<br>during the year||26,185||26,185|
|Total cost at end ofthe year|15,815,900|1,029,863|659,282|17,505,045|
|Depreciation<br>and amortisation|||||
|At beginning<br>ofthe year|4,056,430|975,063|413,212|5,444,705|
|Charge during the year|531,220|8,034|95,822|635,076|
|Total charge at end ofthe year|4,587,650|983,097|509,034|6,079,781|
|Net book value|||||
|At beginning<br>ofthe year|11,759,470|28,615|246,070|12,034,155|
|At end ofthe year|11,228,250|46,766|150,248|11,425,264|





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||2021|2021|2020|2020|
|---|---|---|---|---|
||Group|Centre|Group|Centre|
|||f|f|f|
|Trade debtors|46,922|3,079|33,895|12,189|
|Refund due for VAT|8,198|12,088|14,666|11,500|
|Accrued Income|8,338|3,265|22,269|21,756|
|Sundry debtors|14,380|14,380|18,041|18,041|
|Due from subsidiary||83,900||10,490|
|Prepayments|75,448|75,352|73,709|73,110|
||153,286|192,064|162,580|147,086|



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|||2021|2021|2020|2020|
|---|---|---|---|---|---|
|||Group|Centre|Group|Centre|
|||f|f|f|f|
|Trade creditors||61,903|58,754|17,823|17,375|
|Sundry creditors and|accruals|194,023|173,975|162,780|154,159|
|Due to the Goldsmiths'|Company|43,250|43,250|43,295|43,295|
|Social security and other taxes||21,258|21,258|23,242|23,242|
|Deferred income||49,832|12,371|52,112|12,146|
|Grants commitments||49,300|49,300|||
|||419,566|358,908|299,252|250,217|



|||2021|2021|2020|2020|
|---|---|---|---|---|---|
|||Group|Centre|Group|Centre|
||||f|f||
|Brought|forward from prior period|52,112|12,146|79,320|22,465|
|Released|in current period|(51,287)|(11,321)|(78,095)|(21,240)|
|Deferred|during the current period|49,007|11,546|50,887|10,921|
|Carried forward to future period||49,832|12,371|52,112|12,146|





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||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|
||||Group|Centre|Group|Centre|
||||f||f||
|Brought|forward|from prior period|||||
|Grants|committed|in current period|179,488|179,488|68,800|68,800|
|Grants|paid in current period||(130,188)|(130,188)|(68,800)|(68,800)|
|Carried|forward to future period||49,300|49,300|||



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|||2021|2021|2020|2020|
|---|---|---|---|---|---|
|||Group|Centre|Group|Centre|
|||f|E|f|E|
|Brought|forward from prior period|79,549|79,549|105,686|105,686|
|Released|in current period|(13,712)|(13,712)|(46,137)|(46,137)|
|Provided|during the current period|20,000|20,000|20,000|20,000|
|Carried forward to future period||85,837|85,837|79,549|79,549|



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|The Movement<br>of Fun|ds is as follows:|||||
|---|---|---|---|---|---|
||Fund Balance||||Fund Balance|
|Group and Centre|1Oct 2020|Income|Expenditure|Transfers|30Sep 2021|
||f||f|||
|General<br>Fund|183,063|2,430,275|3,082,508|565,339|96,169|
|Legacy Fund|40,000||||40,000|
|Building<br>Fund|11,228,250|||(528,396)|10,699,854|
|Fixed Asset Fund|258,853|||(35,943)|222,910|
|Restricted<br>Funds||20,000||(1,000)|19,000|
|Total Funds|11,710,166|2,450,275|3,082,508||11,077,933|
||Fund Balance||||Fund Balance|
|Group and Centre|1Oct 2019|Income|Expenditure|Transfers|30Sep 2020|
||E||f||f|
|General<br>Fund|38,563|2,586,042|3,035,618|594,076|183,063|
|Legacy Fund|40,000||||40,000|
|Building<br>Fund|11,759,470|||(531,220)|11,228,250|
|Fixed Asset Fund|321,709|||(62,856)|258,853|
|Restricted<br>Funds||||||
|Total Funds|12,159,742|2,586,042|3,035,618||11,710,166|



|The allocation of Net|Assets to Funds<br>is as f|ollows:|||||
|---|---|---|---|---|---|---|
|Group and Centre||Other|Fixed|Net Current|Long Term||
|2021|Building|Assets||Assets|Liabilities|Total|
||f|||E|||
|General<br>Fund||||182,006|(85,837)|96,169|
|Legacy Fund||||40,000||40,000|
|Building Fund|10,699,854|||||10,699,854|
|Fixed Asset Fund|||148,132|74,778||222,910|
|Restricted<br>Funds||||19,000||19,000|
|Total Funds|10,699,854||148,132|315,784|(85,837)|11,077,933|
|Group and Centre||Other|Fixed|Net Current|Long Term||
|2020|Building|Assets||Assets|Liabilities|Total|
|||||f||E|
|General<br>Fund||||262,612|(79,549)|183,063|
|Legacy Fund||||40,000||40,000|
|Building<br>Fund|11,228,250|||||11,228,250|
|Fixed Asset Fund|||197,014|61,839||258,853|
|Restricted<br>Funds|||||||
|Total Funds|11,228,250||197,014|364,451|(79,549)|11,710,166|





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|14.<br>Comparative<br>State|ment ofFinancial Activities|ment ofFinancial Activities|ment ofFinancial Activities|ment ofFinancial Activities|
|---|---|---|---|---|
|The Statement ofFinancial|Activities forthe year ended 30September 2020 is shown below, in order to provide||||
|comparative<br>figures.|||||
|||Unrestricted|Restricted|Total|
|||Funds|Funds|Funds|
|||2020|2020|2020|
|||f|f|f|
|Income and endowments|from:||||
|Donations<br>and legacies||1,825,862||1,825,862|
|Other trading activities||273,280||273,280|
|Income from investments||1,095||1,095|
|Charitable<br>activities||401,931||401,931|
|Other income||83,874||83,874|
|Total income||2,586,042||2,586,042|
|Expenditure<br>on:|||||
|Raising funds||844,629||844,629|
|Charitable<br>activities||2,190,989||2,190,989|
|Total expenditure||3,035,618||3,035,618|
|Net expenditure<br>forthe year||(449,576)||(449,576)|
|Transfers|||||
|Total funds brought forward||12,159,742||12,159,742|
|Total funds carried forward||11,710,166||11,710,166|