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2022-09-30-accounts

Contents Page
Trustees' report
Auditor's report to the members ofThe Goldsmiths" Centre 13
Statement offinancial
activities		 17
Balance sheet 18
Statement ofcash flows
Notes to the financial statements 20

Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
Note E E E f
Income and endowments from:
Donations
and legacies
Other trading activities		 1,880,000
508,269		 1,880,000
508,269		 1,846,488
151,409
Income from investments 1,476 1,476 48
Charitable
activities
Other income
Total income		 485,386
13,139
2,888,270		 485,386
13,139
2,888,270		 444,252
8,078
2,450,275
Expenditure
on:
Raising funds s 922,835 922,835 659,780
Charitable
activities		 s 2,396,360 4,270 2,400,630 2,422,728
Total expenditure 3,319,195 4,270 3,323,465 3,082,508
Net expenditure
for the year
Transfers		 (430,925)
(1,000)		 (4,270)
1,000		 (435,195) (632,233)
Total funds brought forward 11,058,933 19,000 11,077,933 11,710,166
Total funds carried forward 10,627,00& 15,730 10,642,738 11,077,933
2022 2022 2021 2021
Note Group Centre
E		 Group Centre
Fixed assets
Buildings
Other fixed assets		 8
s		 10,172,206
124,172		 10,172,206
124,172		 10,699,854
148,132		 10,699,854
148,132
10,296,378 10,296,378 10,847,986 10,847a986
Curre nt assets
Debtors
Cash at bank		 7 181,001
595,418		 162,430
534,009		 153,286
582,064		 192,064
519,197
776,419 696,439 735,350 711,261
Less:Creditors
(failing due in less than one year)
Creditors s 338,657 250,416 419,566 358,908
Net current assets
Total assets less current liabilities		 437,762
10,734,140		 446,023
10,742a401		 315,784
11,163,770		 352,353
11,200,339
Less: Long-term liabilities
(falling due in more than one year)
Provision for building maintenance 91,402 91,402 85,837 85,837
Net assets 10,642,738 10,650,999 11,077,933 11,114,502
Represented
by:
Unrestricted
Funds
Restricted
Funds		 13 10,627,008
15,730		 10,635,269
15,730		 11,058,933
19,000		 11,095,502
19,000
Total funds 10,642,738 10,650,999 11,077,933 11,114,502
CONSOLIDATED STATEMENT OF CASH FLOWS CONSOLIDATED STATEMENT OF CASH FLOWS CONSOLIDATED STATEMENT OF CASH FLOWS
For the year ended 30September 2022
2022 2021
E f
Net cash flow from operating
activities		 67,251 144,954
Net cash flow from investing
activities		 1,476 48
Capital expenditure (55,373) (64,061)
Increase
in cash		 13,354 80,941
Reconciliation
ofnet outgoing resources to		 net cash outflow from
operating activities:
Net outgoing resources (435,195) (632,233)
Income from investments (1,476) (48)
Depreciation charge 606,981 641,339
Decrease
in debtors		 (27,715) 9,294
(Decrease)/increase
in creditors		 (80,909) 120,314
(Decrease)/increase
in long-term
liabilities		 5,565 6,288
Net cash flow from operating activities 67,251 144,954
Analysis ofcash and cash equivalents
Cash at Bank 595,418 582,064
Analysis ofchanges in net debt
Cash and cash equivalents
at the beginning		 ofthe period 582,064 501,123
Cash flows 13,354 80,941
Cash and cash equivalents
at the end ofthe		 period 595,418 582,064

2022 2022 2021 2021
Group Centre Group Centre
f f f E
Unrestricted operational grant received 1,830,000 1,830,000 1,697,000 1,697,000
Unrestricted capital grant received 50,000 50,000 76,000 76,000
Other unrestricted grants 53,488 53,488
TOTAL - Unrestricted 1,880,000 1,880,000 1,826,488 1,826,488

2022 2022 2021 2021
Group Centre Group Centre
E f E E
Room Hire to third parties 282,334 18,928 79,809 14,850
Catering 176,&31 2,391 22,496 1,051
Delivery ofactivities for related parties 49,104 9,104 49,104 9,104
TOTAL 50&,269 30,423 151,409 25,005
4. Income from charitable activities
2022 2022 2021 2021
Group Centre Group Centre
f f f f
Letting of managed workspace 316,173 316,173 306,341 306,341
Income from professional training 134,209 128,160 106,046 103,670
Membership 35,004 31,865
TOTAL 485,386 444,333 444,252 410,011

Depreciation TOTAL 2022
2022 Direct Staff Other Direct and Allocated Support
Costs Costs Amortisation Costs Costs
E E E E E
Expenditure on raising funds
Events management 257,257 239,396 6,932 30,594 231,521 765,700
Cafe 8,572 14,866 72,097 44,814 7,682 148,031
Activities for others 9,104 9,104
274,933 254,262 79,029 75,408 239,203 922,835
Expenditure on charitable activities - Unrestricted
Funds
Managed workspace 66,935 27,926 279,480 223,876 59,737 657,954
Professional training 474,482 365,657 179,853 81,835 408,102 1,509,929
Membership scheme 4,501 4,501
Trade and exhibition gran 47,891 133,391 42,694 223,976
589,308 531,475 459,333 305,711 510,533 2,396,360
Expenditure on charitable activities - Restricted Funds
Coat ofarms project 4,270 4,270
4,270 4,270
Governance costs 24,342 (24,342)
Central support costs 196,032 841,862 68,619 (381,119) (725,394)
Total expenditure 1,060,273 1,656,211 606,981 3,323,465
Depreciation TOTAL 2021
2021 Direct Staff Other Direct and Allocated Support
Costs Costs Amortisation Costs Costs
f E E E E
Expenditure 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 on charitable activities
Managed workspace 64,102 26,805 287,434 226,205 77,763 682,309
Professional training 459,968 379,333 183,837 75,746 411,102 1,509,986
Membership scheme 47 47
Trade and exhibition gran 27,862 179,488 23,036 230,386
551,932 585,673 471,271 301,951 511,901 2,422,728
Governance 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 3,082,50&
Grants to institutions -Group and Centre 2022 2021
f
Trade and exhibition grants
Contemporary
British Silversmiths		 23,133 9,750
Bishopsland 78,700
Goldsmiths'
Craft and Design Council		 39,200
Artists
in Residence		 20,000
Career Catalysts
Scottish Goldsmiths		 Trust 19,998
15,000		 24,288
Global Majority Fund 15,000
Contemporary
Jewellers		 10,960
Yorkshire Artspace 10,000
City and Guilds 10,000 10,000
British Art Medal Society 7,600
Hand Engravers Association
Upper Street Events
Trade and exhibition
grants less than E10k
Total grants		 1,700
133,391		 9,300
4,800
3,450
179,488

2022 2022 2021 2021
Group Centre Group Centre
f f f f
Salaries 818,889 818,889 775,074 775,074
Social security costs 85,185 85,185 77,245 77,245
Pension costs 156,196 156,196 122,191 122,191
1,060,270 1,060,270 974,510 974,510
Average number of employees in year 22 22 20 20
Staff paid over f60,000:
f70,000-f80,000
f90,000-f100,000
f130,000-f140,000
f140,000 - f150,000
Key management
personal
remuneration
off242,394.		 include the Director and Deputy Director for the Centre and they were pai
All employees
are entitled to contribute		 to the defined
contribution		 Group Personal
Pension		 Plan pro
Aviva. The employer also contributes to the Plan in accordance with an agreed scale ofmatching the em
contribution.
Pension		 costs for the staff paid over f60,000amount tof36,251(2021—f32,523).
(d)
Governance		 costs
2022 2022 2021 2021
Group Centre Group Centre
E E f
Professional fees (legal, audit &tax) 19,570 12,870 20,025 13,700
Trustees' travel
&.meeting		 expenses 1,490 1,490
Trustees' indemnity insurance 3,282 3,282 3,041 3,041
TOTAL 24,342 17,642 23,066 16,741

Buildings Furniture, Computers TOTAL FIXED
Group and Centre Fixtures 8 ASSETS
2022 Fittings
Costs
At beginning ofthe year 15,815,900 1,033,494 490,538 17,339,932
Additions
during the year		 36,185 19,188 55,373
Total cost at end ofthe year 15,815,900 1,069,679 509,726 17,395,305
Depreciation and amortisation
At beginning ofthe year 5,116,046 995,647 380,253 6,491,946
Charge during the year 527,648 18,896 60,437 606,981
Total charge at end ofthe year 5,643,694 1,014,543 440,690 7,098,927
Net book value
At beginning ofthe year 10,699,854 37,847 110,285 10,847,986
At end ofthe year 10,172,206 55,136 69,036 10,296,378

2022 2022 2021 2021
Group Centre Group Centre
E f f
Trade debtors 69,894 7,817 46,922 3,079
Refund due for VAT 3,758 9,246 8,198 12,088
Accrued Income 14,416 3,754 8,338 3,265
Sundry debtors 11,280 10,052 14,380 14,380
Due from subsidiary 50,458 83,900
Due from the Goldsmiths' Company 1,014 1,014
Prepayments 80,639 80,089 75,448 75,352
181,001 162,430 153,286 192,064

2022 2022 2021 2021
Group Centre Group Centre
f f f f
Trade creditors 40,436 35,871 61,903 58,754
Sundry creditors and accruals 154,225 122,947 194,023 173,975
Due tothe Goldsmiths' Company 55,153 55,153 43,250 43,250
Social security and other taxes 23,594 23,594 21,258 21,258
Deferred income 60,549 8,151 49,832 12,371
Grants commitments 4,700 4,700 49,300 49,300
338,657 250,416 419,566 358,908

2022 2022 2021 2021
Group Centre Group Centre
f f f f
Brought forward from prior period 49,832 12,371 52,112 12,146
Released in current period (49,007) (11,546) (51,287) (11,321)
Deferred during the current period 59,724 7,326 49,007 11,546
Carried forward to future period 60,549 8,151 49,832 12,371

2022 2022 2021 2021
Group Centre Group Centre
E f f
Brought forward from prior period 49,300 49,300
Grants committed
in current period		 133,391 133,391 179,488 179,488
Grants paid in current period (177,991) (177,991) (130,188) (130,188)
Carried forward to future period 4,700 4,700 49,300 49,300

2022 2022 2021 2021
Group Centre Group Centre
f f f
Brought forward from prior period 85,837 85,837 79,549 79,549
Released in current period (14,435) (14,435) (13,712) (13,712)
Provided during the current period 20,000 20,000 20,000 20,000
Carried forward to future period 91,402 91,402 85,837 85,837

2022 2022 2021 2021
Group Centre Group Centre
f f E
Auditors' remuneration for audit 16,995 12,870 15,450 11,700
Auditors' remuneration for other services 2,575 2,575
Depreciation 606,981 606,981 641,339 641,339

Fund Balance Fund Balance
Group and Centre 1Oct 2021
f		 Income Expenditure
f		 Transfers
f		 30Sep 2022
f
General
Fund		 96,169 2,888,270 3,319,195 558,721 223,965
Legacy Fund 40,000 (1,740) 38,260
Building Fund 10,699,854 (527,648) 10,172,206
Fixed Asset Fund 222,910 (30,333) 192,577
Restricted
Funds		 19,000 4,270 1,000 15,730
Total Funds 11,077,933 2,&88,270 3,323,465 10,642,738
Fund Balance Fund Balance
Group and Centre 1Oct 2020 Income Expenditure Transfers 30Sep 2021
E f f f
General
Fund		 183,063 2,430,275 3,082,508 565,339 96,169
Legacy Fund 40,000 40,000
Building
Fund		 11,228,250 (528,396) 10,699,854
Fixed Asset Fund 258,853 (35,943) 222,910
Restricted
Funds		 20,000 (1,000) 19,000
Total Funds 11,710,166 2,450,275 3,082,508 11,077,933
Group and Centre Other Fixed Net Current Long Term
2022 Building Assets Assets Liabilities Total
f E f f
General
Fund		 315,367 (91,402) 223,965
Legacy Fund 38,260 38,260
Building
Fund		 10,172,206 10,172,206
Fixed Asset Fund 124,172 68,405 192,577
Restricted
Funds		 15,730 15,730
Total Funds 10,172,206 124,172 437,762 (91,402) 10,642,738
Group and Centre Other Fixed Net Current Long Term
2021 Building Assets Assets Liabilities Total
E
General
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
Funds		 19,000 19,000
Total Funds 10,699,&54 148,132 315,784 (85,837) 11,077,933

The Statement of Financial
comparative
figures.		 Activities for the year ended 3 0September 20 21 is shown be
Unrestricted Restricted Total
Funds Funds Funds
2021 2021 2021
f f E
Income and endowments from:
Donations
and legacies		 1,826,488 20,000 1,846,488
Other trading activities 151,409 151,409
Income from investments 48 48
Charitable
activities		 444,252 444,252
Other income 8,078 8,078
Total income 2,430,275 20,000 2,450,275
Expenditure
on:
Raising funds 659,780 659,780
Charitable
activities		 2,422,728 2,422,728
Total expenditure 3,082,508 3,082,508
Net expenditure
forthe year		 (652,233) 20,000 (632,233)
Transfers 1,000 (1,000)
Total funds brought forward 11,710,166 11,710,166
Total funds carried forward 11,058,933 19,000 11,077,933