2020-12-31-accounts - The Association Of Guilds Of Weavers, Spinners And Dyers

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			Page
Report ofthe Trustees		1	to	4
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial Statements		8	to	14
Detailed Statement ofFinancial Activities		15	to	16

		Balance Sheet 31 December 2020
			2020	2019
			Unrestricted	Total
			funds	funds
		Notes
CURRENT	ASSETS
Stocks		10	560	560
Debtors		11	9,862	8,878
Investments		12	16,048	22,886
Cash at bank	and in hand		294,498	231,014
			320,968	263,338
CREDITORS
Amounts falling due within one year		13	(72,726)	(35,708)
NKT CURRENT ASSETS			248,242	227,630
TOTAL ASSETSLESSCURRENT
LIABILITIES			248,242	227,630
NKT ASSETS			248,242	227,630
FUNDS		14
Unrestricted	funds:
Association			99,037	92,187
Summer school bursaries			20,665	20,720
The Journal			128,540	114,723
			248,242	227,630
TOTAL FUNDS			248,242	227,630

	for the Year Ended 31Dec	for the Year Ended 31Dec	for the Year Ended 31Dec	for the Year Ended 31Dec	ember 2020
	DONATIONS AND LEGACIES
						2020	2019
							8
	Donations					2,538	2,330
3.	OTHER TRADING ACTIVITIES
						2020	2019
	Advertising	income				13,269	13,019
	Conference	income				96	66
	Other income						223
						13,365	13,308
4.	INVESTMENT INCOME
						2020	2019
	Dividends	received				119
	Bank interest receivable					973	1,128
						1,092	1,128
5.	CHARITABLE ACTIVITIES COSTS
					Direct	Support
					Costs (see	costs (see
					note 6)	note 7)	Totals
					8		8
	The Journal				42,595	2,540	45,135
	Association				34,437	2,540	36,977
					77,032	5,080	82,112
6.	DIRECT COSTS OFCHARITABLE ACTIVITIES
						2020	2019
							8
	Travel, journal, exhibition			and miscellaneous		43,406	49,988
	Promotional	expenses				590	492
	Computer expenses					723	727
	Summer school expenses			and bursaries			119,270
	Insurance					5,972	5,918
	Certificates	ofachievement				1,682	721
	Printing, stationery,		and advertising			1,557	518
	Conference	expenses				19,469	824
	Bank charges					916	706
	Website registration		and hosting			2,717	243
						77,032	179,407

COMPAR	ATIVES FORTHE ST	ATEMENT OF FINANCIAL AC	TIVITIES
			Unrestricted
			funds
INCOME	AND ENDOWMENTS	FROM
Donations	and legacies		2,330
Charitable	activities
The Journal			41,107
Association			25,315
Summer school			126,866
Other trading activities			13,308
Investment	income		1,128
Total			210,054
EXPENDITURE ON
Charitable	activities
The Journal			43,396
Association			21,429
Summer school			119,270
Other			4,851
Total			188,946
Net gains on investments			3,724
NET INCOME			24,832

		Notes to the Financial Statements - continued for the Year Ended 31December 2020	Notes to the Financial Statements - continued for the Year Ended 31December 2020
9.	COMPARATIVKS	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricted
				funds
				I
	RECONCILIATION	OF FUNDS
	Total funds brought	forward		202,798
	TOTAL FUNDS CARRIED FORWARD			227,630
10.	STOCKS
			2020	2019
	Stocks		560	560
11.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR
			2020	2019
			f
	Trade debtors		2,301	2,506
	Prepayments and accrued income		7,561	6,372
			9,862	8,878
12.	CURRENT ASSET	INVESTMENTS
			2020	2019
	Coloma Wealth		16,048	22,886
13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2020	2019
	Trade creditors		245
	Accrued expenses		3,602	3,199
	Deferred income		68,879	32,509
			72,726	35,708

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
Association		154,555	(145,550)	3,724	12,729
Summer school bursaries		636			636
The Journal		54,863	(43,396)		11,467
		210,054	(188,946)	3,724	24,832
TOTAL FUNDS		210,054	(188,946)	3,724	24,832

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		f.
Unrestricted	funds
Association		202,426	(184,513)	1,546	19,459
Summer school bursaries		701			701
The Journal		113,815	(88,531)		25,284
		316,942	(273,044)	1,546	45,444
TOTAL FUNDS		316,942	(273,044)	1,546	45,444

for the Year Ended 31 D	ecember 2020
	2020	2019
INCOME AND ENDOWMENTS
Donations and legacies
Donations	2,538	2,330
Other trading activities
Advertising income	13,269	13,019
Conference income	96	66
Other income		223
	13,365	13,308
Investment income
Dividends received	119
Bank interest receivable	973	1,128
	1,092	1,128
Charitable activities
Journal subscriptions	45,023	41,107
Summer school 2019		126,866
Affiliation fees	24,101	23,003
Certificates ofachievement	1,460	2,266
Conference income	19,309	46
	89,893	193,288
Total incoming resources	106,888	210,054
EXPENDITURE
Charitable activities
Travel expenses- committee	2,370	11,053
Exhibition expenses	369	1,206
Miscellaneous expenses	20,480	18,202
Journal printing, design and packaging	20,187	19,527
Promotional expenses	590	492
Computer expenses	723	727
Summer school expenses and bursaries		I 19,270
Insurance	5,972	5,918
Certificates ofachievement	1,682	721
Printing, stationery, and advertising	1,557	518
Conference expenses	19,469	824
Bank charges	916	706
Website registration and hosting	2,717	243
	77,032	179,407
Other
AGM travelling expenses	302	1,737
Carried forward	302	1,737

		THE ASSOCIATION OF GUILDS OFWEAVERS) SPINNERS AND DYERS
		Detailed Statement ofFinancial Activities
		for the Year Ended 31 December 2020
			2020	2019
Other
Brought forward			302	1,737
AGM expenses			1,684	3,114
			1,986	4,851
Support costs
Governance	costs
Independent	examiner fee		5,080	4,688
Total resources	expended		84,098	188,946
Net income before gains		and losses	22,790	21,108
Gains and losses on investments
Unrealised gains/(losses)		on investments	(2,178)	3,724
Net income			20,612	24,832