||||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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||for the|Year Ended 31 December|2020|| |---|---|---|---|---|---| |||||2020|2019| |||||Unrestricted|Total| |||||funds|funds| ||||Notes||f,| |INCOME AND ENDOWMENTS FROM|||||| |Donations
and legacies||||2,538|2,330| |Charitable
activities|||||| |The Journal||||45,023|41,107| |Association||||44,870|25,315| |Summer school|||||126,866| |Other trading activities||||13,365|13,308| |Investment
income||||1,092|1,128| |Total||||106,888|210,054| |EXPENDITURE|ON||||| |Charitable
activities|||||| |The Journal||||45,135|43,396| |Association||||36,977|21,429| |Summer school|||||119,270| |Other||||1,986|4,851| |Total||||84,098|188,946| |Net gains/(losses)|on investments|||(2,178)|3,724| |NET INCOME||||20,612|24,832| |RECONCILIATION||OF FUNDS|||| |Total funds brought||forward||227,630|202,798| |TOTAL FUNDS CARRIED FORWARD||||248,242|227,630| ## |||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| ## ## |SUPPORT|COSTS|||||| |---|---|---|---|---|---|---| |||||||Governance| |||||||costs| |The Journal||||||2,540| |Association||||||2,540| |||||||5,080| |Support costs, included||in the above, are as foBows:|Journal|||| ||||||2020|2019| ||||The||Total|Total| |||||Association|activities|activities| ||||||6|f| |Independent|examiner|fee|2,540|2,540|5,080|4,688| ## ## ## |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| ## ## ## |MOVEMENT|IN FUNDS|||||| |---|---|---|---|---|---|---| |||||Net|Transfers|| |||||movement|between|At| ||||At 1.1.20|in funds|funds|31.12.20| ||||8|||| |Unrestricted|funds|||||| |Association|||92,187|6,730|120|99,037| |Summer school bursaries|||20,720|65|(120)|20,665| |The Journal|||114,723|13,817||128,540| ||||227,630|20,612||248,242| |TOTAL FUNDS|||227,630|20,612||248,242| |Net movement|in funds, included||in the above are as follows:|||| ||||Incoming|Resources|Gains and|Movement| ||||resources|expended|losses|in funds| ||||||8|| |Unrestricted|funds|||||| |Association|||47,871|(38,963)|(2,178)|6,730| |Summer school bursaries|||65|||65| |The Journal|||58,952|(45,135)||13,817| ||||106,888|(84,098)|(2,178)|20,612| |TOTAL FUNDS|||106,888|(84,098)|(2,178)|20,612| |Comparatives|for movement|in|funds|||| |||||Net|Transfers|| |||||movement|between|At| ||||At 1.1.19|in funds|funds|31.12.19| ||||f.|||f.| |Unrestricted|funds|||||| |Association|||74,845|12,729|4,613|92,187| |Summer school bursaries|||24,697|636|(4,613)|20,720| |The Journal|||103,256|11,467||114,723| ||||202,798|24,832||227,630| |TOTAL FUNDS|||202,798|24,832||227,630| ## ## |||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| ||||Net|Transfers|| |---|---|---|---|---|---| ||||movement|between|At| |||At 1.1.19|in funds|funds|31.12.20| ||||||f,| |Unrestricted|funds||||| |Association||74,845|19,459|4,733|99,037| |Summer school bursaries||24,697|701|(4,733)|20,665| |The Journal||103,256|25,284||128,540| |||202,798|45,444||248,242| |TOTAL FUNDS||202,798|45,444||248,242| |||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|