## ## |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|