Barnet Gulld•f Arttsts 194 The Barnet Guild of Artists Re8lStered Charity number: 1186028 Trustees Re ort and Financial Statements For the Year Ended 31st December 2023
The Barnet Guild of Artists Report of the Trustees for the year ended 31st December 2023 Reforence and Admini8traliv• Inforniation Rogl8tsred Charity No.: 1186028 Rogi8tsr•d Offic• and Op•rallon Address: The Barnet Guild of Artists The Studio INhal8bones Park Wood Str8@t Bamet EN5 4BZ Tru•ts•• and Offlcern The directors of the cttaritabte cornpany1th8 Charty) are ils trustees for the purp058 of charity law and throughcmjt this report are collectively referred to as the trustees. Ther8 havè boon no chawes to the Irustees during the year other than those noted bekN. Marie Susan Eamshaw Qi Qing Susan Rus8ell Davld Lcfflgstaff - resigned May 2023 Charfotte Staunton Jennfer Eaton Susan Bery- May 2023 Memb•rn ol th• Manag•nnt Commltt•• David Longstsff . Chair (to May 2023) Susan Beiry . ChaiT (from May 20231 Bryan Polikoff ." Honorary Secretary Susan Ru55ell . orary Treasurer Ni¢hola Hunt .' Busbness Man4er lft Jur 2023) Helen Leake .' Membership Sec¥elary Jennrfer Eat '. Events Org8niser ChaAotte Stsunton - Print course thlerlwobsrte devehjper Julia R05s - Exhibrt]'on hangirrd tsam lead Bankorn The Co<efat1¥e 8ank Pa8elof8
The Barnet Guikl of Artlsts Report of the Trustees for the year ended 31st December 2023 Structur• Govornance and Man ment Governlna Documant: CIO-ASSOCSATION . Rèqlstsr•d 29th October 2019 Appolnlm•nt of Trugle•8 A management committ8e eonsiskn.ng of a board of tmstees and other volunteers govern the Charity. The board of trustees 15 elert at an annual general meeting in arx(xdance with the Articles of Associath)n, when one Ihird of the existing Imst88s r8tire from office. Trustees are eligible for ro- eledion. Theie is 8 minimum of Ihree trustees and, between annual general meetings, additional trusl•os may be ¢Opoplgd by the board for a t•mi of up to one year. R•lat•d Parti•s The charity is independent of any other charities or organisalicffis but *rJrk8 closely with other organlsation$. The Art Studio is leased frc#n tho Whalebone8 Trust. Rl•k Mafiag•m•nt The Trust60s undertake regularty a rev of the mw ri8k8 to which tho company is expo8ed and establish systems to mitigate risk. The Guild was founded in 1948 arvj the CIO created to take over a68ets. liabilities and all activttl•s of the existing Guild. a private arb's18' club. The Sludto rt ba8ed in the grounds of Ihe whaboneS Tru$l, Tealed by original menknr and owner of the Whalebones Park. Gwyneth C(Ywsr¥4. 11 primary obledlves a¢livllies are to" - advance education in all the visual arts tor the Pub benefft, in parkn"cJJlar bul witftht limitation. by mean$ of lectures, rneetings. demonstrations, wothshop8, exhibitions and the provision of facilities for Ihe practice of the vlsual arts. - further such other exdusivety charitable purposes (under the law of EnglaThl and Wales) as the Tru6tee6 mav from time to tme determine. Page2of8
The Barnet Gulld of Artists Report of the Tntstees for the year •ndod 31st December 2023 Achievements and Porfomiance Activitles have conlinued to develop al memttrnhip has inueased. The annual exhibition resumed in Sept8mber and was a 8uccess. A new pn'ntmakirvJ c¢Jurse was proposed implemented in September. and has been well attended. The reed for a new website was identified and pl3n8 Put in place to implement this. A number of weekend wothshops and a programme of evening demonstralws cOntinL to tak8 place for members and non4nembers to attend. The plans for a new gtudio were Submitted by the Whalebones Trustees and have been agr by the Counc4 subject to provisions beirbQ comllleted. Inancial Revlow R•sults for th• year During th8 year to 31 t)ecmber 2023 the charity showed a surpfvJ8 of £4.767. Th8 asset8 held by the charty stand at £58,721. Forniat of th• A¢¢ounts The ac¢ounts rAmply with ¢urrent ststulory requirements. the Mernorandum and ArtKle5 of Association and th8 Statément of Recommended PractK¢ 'Accourrtw and Reting by Charities, {SORP 2005} Issued in March 2005 Investront Power• The tnjstees are empowered by the ArcleS of Assockn to Invest the fvrKl$ of the Charty as they deem appfopriate. Trn$to• A•urane• The Trustees can ojnfiim that the Charivs Assets are SLrffiueni kn fuffil rt8 oblyatK>n8 and that all cash and investments hekj by the Charity have been acqulred in accorda8 with the pothrs avallable to them undei the Arts'¢ks of A880ct?n. R•r¥•8 Poll¢y The Charity h88 reserves of over £20.000. Current 8xpendituro is int•nd•J to be covered by members, sub8crptions and d(ationS. Pa8e3of8
The Bamet Gulld of Artlsts Report of the Trustees for the year ended 31st December 2023 Plans for Futuro Period8 The Guild aim$ lo Continue its development in the local communty. Sta ment of T nslblllti The Trustee5 are responsible for preparing Tfustee¥ Report aThJ Ihe finanoal statements in accordanL* With applicable Law and regulations. Company Law requi Ihe Trustees to prepa financial stalements for each financial period. Under the law the Trustee8 have dected to prepare financial statements in accordan1 with Unitèd Kingdom Generally Accepted Accountirbg Practice (United Kingdom Accounting Standards and applicable lawl. Under Company law the Trustees must not approve the financbal statements unless they are satisfied that the give a true and fair view of the affairs of the Charity and the incoming r850ur¢es and application, including the income and expenditure of the Charty for that year. In prepar6ng Ihese financial statements the Trustees are required to: Select 8Uttabfe accounting policie8 ar#1 appty them constenty.. Obs8rve the methods and pnnciplès in thè Chanti•s SORP.. Make judgements and estimates that are reasonable and prudent", Stale whether applicab UK accounting Standards have been followed. Subject to any material departure8 disclosed and explained in the finanual st8tement8', Prepare the financial statements on the going ¢on¢em basis unle88 it 18 nappropriate lo prosumo that the company will continue in busine88. TN8tees are responsiblo for keopffig adequate accounts'ng r8cord8 Ihat di8close with reasonable accuracy al any tirne the financial posrtion of the company and enable them to ensure that the financial statements comply with the Companies A¢t 2006. They are also responsle for safeguarding the assets of the company and hen for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on 26th September 2024 and gigned on thelr behalf by Susan Russell Pa8e4of8
The Barnot Guild of Artlsts Financial Ststements for th Yr End 31st D8c•mb•r 2023 Statement of Financial Activities Unrestrictod Funds 2023 2022 Incomlng Re•ourco8 Studio fees and hire8 Grants and donation8 D8monstr3tK>ns EXhIllOnS Membership SLthcriplKms Interest 3,738 6,551 2,788 10,000 165 494 820 5,278 Total Ineoming Re•ourte• 16,918 14,275 Expended Re•ources Studio maintenance and running Ledufeslw?rk8hopsldemon8trations Printing courne Exhknilions 8ank charo8s Expenses Govemance, 8tstionery and pnnling 3,593 520 1,996 898 1.799 1.366 4,753 120 2.149 712 Total Exp•fKl•d R9¥ourl 12,151 8,328 Not Mov?m•nt of Fund• 4.767 8,947 Fund Balance• •• at l•t January 2023 49,045 Fund 8•1on¢e• u •131•t DK•mhr 2023 54,992 All aC¥th.8s relate to conllnulng 0ratIons. There ale no other re¢ognised gain5 or los apart from the ones above. Page5of8
The Bamet Gulkl of Artlsts Financial Statement• for thg Yr Ended 31st Decembor 2023 Balance Sheet 2023 2022 Cuffent Accxyjnt Deposrt Account Cash 12.689 45.474 558 58.721 8,024 45,219 711 53.954 Not Curr•nt A8utsl{LlabllltlMI Net A••ots Represented by.. Re8trlctod Fund• Unre•trlctsd Fund• 58.721 53.954 58,721 63,954 Approved by th8 TfU8t•88 on 26th September 2024 and $Sgned on Ihelr behall by Susan Russell Page6of8
The Barnet Guild of Artists Notes to the Financ•al sts1wn5 for th• Year End 31st Doc•mber 2023 Prtnclplo Accounllng Polici al Basls ol Accountlng The charity tnjstees must ccfflpty ith r¢¢wirrnts ofthts Ch•s A¢t 2011 with r•Jwd lo I k81ng of acccunting re¢ords. lo thg w¥paral and scrutiny of statements of accounts, and to the Yeparalion of annual rep)rts and rdums. The statern of accounts. reports and retums must be sent to the Chrty Crmrmi8$?n T4dI ol lh• incorn ofth• CIO, within 10 months of finan081 y•ar •nd. bl Golng Con¢•rn The Tru$legs ¢onsldor IhgTr 1$ reasonab exFocaa1n that the Charity as adwLbat8 reBoUrc to consider an oper4titsn¥l 8xisi•n¢è for thè forèsèèabSÈ futurè. Ae£ordingty wè contsnuo to Adopt the gtyng concern l>asi$ in Preng thi$ r•iy¢ finoncial slatsmonts. cl Chang• of Accountlnq Pollcy Tho accounts prOnI a tru• •KI fair vw 4r0 no ¢h•ys hav• b••n mo0• to tro a¢¢ounliTra pdiGy. dl In¢om• Il DOnats"0 and ¢)thef IrKoff are credled to th• Slatemert ol Financi AdNitkgS on a rK8ivabk• bqm. All incom• •ras• itlwn tt• Unit• K11. 11> Inter••t r•¢•¥ablo is laken into the ststWnI of Finanti•l A¢tiviti•i li a¢¢rU to tho charty. •) Exp•nd•d r••our¢•• Exynd8d resourc48 are Ind)• in Ih? stat of Flnanryd AGth¥rts ¢)n an accnwls bas. l) D•prKiation All ass•ts, •xcept latid. arn wrilt•n off in lh• of th• exp•. gl 0ratIng1•4$ There ar¢ no op8rab.ng le8SOS. Leoal Statu• olthe CharSty Th8 chwity is a GIO A8sooation. In went ol ts Ch•iity b•'rtg wound w. It mombors oftr CIO h8¥• no li8ts1ty to ¢cKn"tAJte to rts ossels aThJ no pers r8spoTh"bdfry for $8lllirvJ its dobts and Ikilrtio6. Gmnts and Donallon• 2023 2022 Grants IndNidual trlts and *aci•& 8.551 Donatlon• othgr fjonatlons 4. Flxed AB8et¥ 6. Dbv&lopment Costs Page7of8
The Bamet Gulld of Artlsts Notss to the Flnanclal Statwnonts for th• Yoar Ended 31st December 2023 (cont) 6. Tts• rwnunw•tion •nd b•n•fits Thls *T Non• of th• tw•lw• h•v• b•w pmkl any rnnumrntknn or v•c•l¥•d •ny oth•r Ixnqfit• from irt •mploym•nt th•ir ¢h•rity or • rtlat•d Mtlty ITAM or Fals•l FALSE AnKwrth ld or b•n4fft vth• L•gal aut1 {•g onkr, go¥•rnlng do¢um•ntJ P•non R•dund&n¢y Iln¢ludln9 lom of offk•V•x grntla ¢Xh•r TOTAL NAM• ottru•ts• Chad¢)tt¢ Stsunton 400 Ple••• gl¥• d•i•ll• of rwun•rn(lon rtutorlng th• LInul ¢oyr4• P¥A •xplaft•llon olthe nafurn of th• p•ym•nL Lt y•xr TRUE Non• of th• tru•tw h•v• b••n pald any r•munoration ay rK•i¥ed Jnyoth•r lJBn•r from an •mploym•nt with thgir Eharity or • rnlat•d •ntlty ITnM or F•l••l PaEe8of8