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
Jenn￿fer Eaton
Susan Bery- May 2023
Memb•rn ol th• Manag•n*nt 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 l￿ft 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$. The Art Studio is leased frc#n tho Whalebone8 Trust.
Rl•k Mafiag•m•nt
The Trust60s undertake regularty a rev￿ of the mw ri8k8 to which tho company is expo8ed and
establish systems to mitigate risk.
The Guild was founded in 1948 arvj the CIO created to take over a68ets. liabilities and all activttl•s of
the existing Guild. a private arb's18' club. The Sludto rt ba8ed in the grounds of Ihe wha￿boneS Tru$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)ec*mber 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 Re￿ting by Charities, {SORP 2005}
Issued in March 2005
Investront Power•
The tnjstees are empowered by the Ar￿cleS of Assoc*kn 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 accorda￿8 with the poth*rs avallable to
them undei the Arts'¢ks of A880c￿t￿?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 con￿stenty..
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 respons￿le 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 Y￿r 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
EXh￿IllOnS
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¥our￿l
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 0￿ratIons.
There ale no other re¢ognised gain5 or los￿ apart from the ones above.
Page5of8

The Bamet Gulkl of Artlsts
Financial Statement• for thg Y￿r 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 sts1wn￿5 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
k8￿1ng 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 Ch*rty Crmrmi8$￿?n T￿4￿dI￿ ol lh• incorn ofth• CIO, within 10 months of finan081
y•ar •nd.
bl Golng Con¢•rn
The Tru$legs ¢onsldor IhgTr 1$ reasonab* exFocaa1￿n 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 Pre￿ng thi$ r•i*y¢ finoncial slatsmonts.
cl Chang• of Accountlnq Pollcy
Tho accounts pr￿OnI a tru• •KI fair v*w 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•* K￿￿11.
11> Inter••t r•¢•¥ablo is laken into the ststWn￿I 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¥rt*s ¢)n an accnwls ba*s.
l) D•prKiation
All ass•ts, •xcept latid. arn wrilt•n off in lh• of th• exp•.
gl 0￿ratIng1•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 ¢c*Kn"tAJte to rts ossels aThJ no pers￿￿ r8spoTh"bdfry for $8lllirvJ its dobts and Ik*ilrtio6.
Gmnts and Donallon•
2023
2022
Grants
IndNidual trl￿ts 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. T￿ts• 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•n￿on
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• LIn￿ul ¢oyr4•
P¥A
•xplaft•llon olthe nafurn of th•
p•ym•nL
L￿t 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