```
REGISTERED CHARITY NUMBER: 289590
```
## **`Report of the Trustees and`**
## **`Unaudited Financial Statements`**
```
for the Year Ended 31 December 2021
```
## **`for`**
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
```
PM+M Solutions for Business LLP
Chartered Accountants
The Old Tannery
Eastgate
Accrington
Lancashire
BB5 6PW
```
```
THE ASSOCIATION OF GUILDS OF WEAVERS,
SPINNERS AND DYERS
```
## **`Contents of the Financial Statements for the Year Ended 31 December 2021`**
||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 4`|
|**`Independent Examiner's Report`**|`5`|
|**`Statement of Financial Activities`**|`6`|
|**`Balance Sheet`**|`7`|
|**`Notes to the Financial Statements`**|`8 to 14`|
|**`Detailed Statement of Financial Activities`**|`15 to 16`|
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Report of the Trustees for the Year Ended 31 December 2021`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31December2021.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewith the
FinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1 January
2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
The Association of Guilds of Weavers, Spinners and Dyers constitution states its objectives as follows:
```
```
1.Thepreservationandimprovementofcraftsmanshipinhandweaving,spinninganddyeing,forthe benefit
of the public.
```
```
2. The promotion of public awareness and education in such craftsmanship.
```
## **`Significant activities`**
```
The biennial rotation of events: Exhibition, Summer School and Conference (Guilds Gathering) continues.
```
```
There are three certificates offered after a course of study to members of the member guilds of the AGWSD.
- The Foundation Certificate, initially for spinning is being developed for Natural Dyeing and for Weaving.
```
```
- The Certificate of Achievement offered in five associated subjects and
```
```
- The Certificate of Advanced Textile Studies for those who wish to pursue and research at a high level.
```
```
Production of a quarterly journal.
```
## **`Public benefit`**
```
TheAssociationorganisesabiennialNationalExhibitionandConferencewithaSummerSchoolon the
alternateyear,theseareopentomembersofaffiliatedandassociateguildsandtomembersofthe public.
TheAssociationalsomaintainsapresenceatthemajorcraftexhibitionsthroughoutthecountryand member
guildssimilarlyholdlocalexhibitionsanddemonstrations.InformationconcerningtheAGWSDand the
member guilds is available at events and through theAGWSD website, and the member guilds' websites.
```
```
WorkiscontinuingondevelopingtheeducationalprogrammethroughtheFoundationCertificates, the
Certificates of Achievement and the Certificate in Advanced Textile Studies.
```
```
TheAssociationpublishesaquarterlymagazine,TheJournalforWeavers,SpinnersandDyers"The Journal"
which is on open sale to the public.
```
```
TheTrusteesoftheAssociationofGuildsofWeavers,SpinnersandDyersbelievetheyhavecompliedwith the
dutyinsection17oftheCharitiesAct2011tohavedueregardtothepublicbenefitguidancepublished by
the Charity Commission.
```
```
Page 1
```
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Report of the Trustees for the Year Ended 31 December 2021`**
## **`ACHIEVEMENT AND PERFORMANCE`**
```
TheAssociationcurrentlyhas111memberguildsplus5associated(overseas)Guilds.Theguilds' members
now total 4,912.
```
```
Wewereabletokeepouractivitiesgoingthankstotheflexibility,patienceandwonderful'can-do'attitude of
our volunteers and of our member guilds, for which we are very grateful.
```
```
Wefullyunderstandthedifficultiesexperiencedbyourmemberguildsduring2021andare continually
lookingatwaysinwhichwecansupportthemgoingforward.Wehavebeenworkinghard on
communications,akeyactionbeingtheintroductionoftheAreaLinks,whoseprimaryfunctionis supporting
andsharinginformationbetweentheGuildsthemselvesandtheAGWSD,usingtoolssuchasvirtual meetings
andthroughtherevisedmonthlyAGWSDNewsbyprovidinginformationandsharinghighlightsfrom the
Guilds.
```
```
TheAssociation'sBiennialSummerSchoolwasheldatWhittleUniversityCollege,nearChelmsford, Essex,
from15th- 22ndAugust2021.Itwasattendedby224students(including20non-residential),6 companions,
16tutorsandoneconvenor.The15coursesattendedincludedWeaving(onshaft,inkleandtapestry looms),
Spinning,Dyeing(includingEco-printingandIndigoShibori),Feltmaking,Braiding,StitchingandKnitting, all
tutoredbyexpertsintheirfields.Eveningeventsincludedtwoeducationallectures,astudentsand tutors'
fashionshow,asilentauction,withahalf-daybreakallowedthechancetojoinorganisedlocalvisits. The
TradeFairat theendoftheweekhosted15tradersandOpenDayonthefinalfulldayincludedexhibitions of
CertificateofAchievement,CertificateofAdvancedTextileStudiesandTutors'work.Theeventwas planned,
withprecautionstakeninaccordancewithGovernmentguidelines,topreventanypossiblespreadof the
Covid-19virusarisingfromthegathering,whichprovedeffective.TheSummerSchoolmadea surplus
throughcarefulfinancialbudgeting,fullstudentnumbersandthegenerosityoftheCollegein providing
'economies of scale' savings on classrooms, accommodation, etc.
```
```
TheFoundationCertificatesconceptwasdevelopedtomeetthelearningneedsofmemberswhowere either
newtoGuildsorwhowantedtoextendtheirskills,andforwhomtheCertificateofAchievementseemed too
bigastep.Thefirst,theFoundationCertificateinSpinning,waspilotedin2016andlaunchedfullyin 2017.
Sincethen38studentshavebeenawardedtheFoundationCertificateandthereare45studentscurrently. In
2020theFoundationCertificatewassubmittedsuccessfullyforaccreditationtotheTextileInstituteand from
September2021isanapprovedcoursewithcredit.Thesecond,theFoundationCertificateinNatural Dyeing
waslaunchedwithapilotinMay2019.Thepilotiscompleteandthesyllabusisbeingreviewedbased on
feedbackfromstudentsandmentors.Arevisedcertificatewillberelaunchedlaterintheyear. Both
FoundationCertificateshavebeenaffectedbyCovidlockdownasstudentslostface-to-faceaccessto their
Guildsandotherstudents.BorrowingGuildbooksandequipmentwasmadealmostimpossibleand not
seeingfellowcraftershadimpactonmotivation.AlthoughthementorsdidafantasticjobinusingZoom to
keepintouchwithstudents,theoveralleffecthasbeentoslowdowntheprogressofstudents. Generous
extensionshavebeengivenwhenrequested.FoundationCertificatesinweavingandsyntheticdyeing will
follow. The syllabus for the Foundation Certificate in Weaving is in early draft form.
```
```
Duringtheyear,14guildmembersregisteredfortheCertificateofAchievement.Areviewofthenumber of
studentsregisterediscurrentlybeingundertaken.FinalassessmentstookplaceattheAGWSD Summer
School2021,therewerethreesubmissions.ThesubmissionsforWeavingandforNaturalDyeingwere both
awardedadistinction,andoneforSpinningwhichwasawardedacredit.Thestudentundertaking the
CertificateinAdvancedTextileStudiesalsosubmittedtheirworkforassessmentatSummerSchool2021, and
wasawardedadistinction.Thereis1studentcurrentlyundertakingtheCertificateinAdvanced Textile
Studies.
```
```
Page 2
```
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Report of the Trustees for the Year Ended 31 December 2021`**
```
TheJournalEditorialCommitteecontinuedtooperateviaZoommeetingsduring2021andproducedthe four
issuesasusual.TheimpactofGuildsnotbeingabletomeetinpersonhasmeantadeclineinGuild bulk
orders,thoughthisisoffsetfinanciallybyanincreaseinindividualsubscriptionsandOnlineGuildorders. The
committeewasfortunatetorecruitanewTreasurerin2021whospentseveralmonthsshadowingthe interim
Treasurer,whosehelpinsteppinginwasmuchappreciated.TheJECsecretaryretiredin2021andwe have
beenfortunatethatavolunteerhascomeforwardduringtheyeartotakeonthisimportantrole. Maintaining
committeemembershipatagoodlevelisvitalandnewmembersareneededtotraininrolesbefore the
existingmembersretire.Fora publicationwhichreliesonvolunteers,maintainingcontinuityis essential. Much
workhasgoneintoaprojecttodevelopanewwebsitewithincreasedfunctionalitywhichwill improve
efficiencyandmakethebestuseofvolunteertime.Theprojecthasbeendevelopedinconjunction with
AGWSDTrusteesanditishopedthenewwebsitewillbeoperationalbymid-2022.Aspartoftheproject a
detailedanalysisofoperationswascarriedouttoidentifywhereprocessescouldbeautomated.The Journal
finances remained stable over the year, with a small surplus.
```
```
TheAGWSDStuartGroomMemorialLibraryofbooksandjournalshasbeendevelopedoveryears from
booksgivenforreviewanddonations.Historically,thelibraryfunctionedthroughthegoodwillof volunteers
whohousedthebooksandorganisedlendingfromtheirhomes.Thelibrarymovedanumberof times
betweenvolunteers.TheAGWSDhasbeenlookingforsometimetofindapermanenthomeforthe library.
WenowhaveapartnerintheTrowbridgeMuseum,basedinanoldwoollenmillanddedicatedto preserving
thehistoryofwoolspinningandweavinginthearea.Theywillhousethelibraryadjacenttotheirown books
andwilladministerthelibrary.WeanticipateopeningtheStuartGroomMemorialLibrarytoguild members
who register for library cards in mid-spring 2022.
```
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
TheAssociationofGuildsofWeavers,SpinnersandDyershasapolicytoholdfreereservesequalto a
minimumof18monthsrunningcoststoenableassociationactivitiesandjournalproductiontocontinue until
subscriptionincomeisreceived.Thetrusteeshaveestimatedthetargetleveloffreereservestobe £170,000.
Freereservesat31December2021amountedto£265,495(2020-£227,577).Thetrusteeswilltake measures
to maintain the reserves at the target level.
```
```
Designatedreservestotalling£20,667(2020-£20,665)areheldforthepurposesofprovidingbursaries to
certainattendeesoftheSummerSchoolwhichisheldbiennially,thenextonetobeheldin2023. These
reservesarealsousedtocoveradditionalcostsfortrainingworkleadinguptoFoundationCertificate and
Certificate of Achievement that exceed the registration fees.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
TheAssociationofGuildsofWeavers,SpinnersandDyersisanunincorporatedassociationgovernedby a
constitutionadoptedon28April1984as amendedon27April1991,4 April1998,6 April2002,16April 2007,
12April2008,2April2011,13April2013,18April2015,22April2017,6April2019,1May2020and 19th
June 2021.
```
## **`Recruitment and appointment of new trustees`**
```
The trustees are elected by association members at the Annual General Meeting.
```
```
TheGeneralPurposeCommitteeconsistsofthe4HonoraryOfficersandnotlessthan2normorethan 12
memberselectedattheAnnualGeneralMeetingandnomorethan4memberscanbeco-optedto the
committee.ThechairmanandtreasureroftheJournalEditorialCommitteeareadditionalmembersof the
General Purposes Committee.
```
```
TheJournalEditorialCommitteeconsistsofamaximumof18andnormallyaminimumof8members elected
attheAnnualGeneralMeetingandnomorethan3memberscanbeco-optedtothecommittee.Oneof the
members is elected by General Purposes Committee from its own members.
```
```
Page 3
```
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Report of the Trustees for the Year Ended 31 December 2021`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`** `289590`
## **`Principal address`**
```
Montrose
Tower Road
Ashley Heath
Market Drayton
Shropshire
TF9 4PU
```
## **`Trustees`**
```
J Crowther - Chair
J Maher - Vice Chair
M England - Honorary Secretary
K Batchelor
P Blogg
R Campana
C Chisholm
L Hegarty - resigned 19/06/2021
H Miller
C Powell - end of tenure 19/06/2021
M Scott - end of tenure 19/06/2021
A Johnson
E Day - Treasurer - appointed 19/06/2021
A Martin - appointed 19/06/2021
A Easey - appointed 19/06/2021
L Shannon - appointed 19/06/2021
C Snape - appointed 19/06/2021
L Fidler - JEC Treasurer - appointed 19/06/2021
```
## **`Independent Examiner`**
```
PM+M Solutions for Business LLP
Chartered Accountants
The Old Tannery
Eastgate
Accrington
Lancashire
BB5 6PW
```
```
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
```
```
....................................................................................
```
```
J Crowther - Chair - Trustee
```
```
Page 4
```
## **`Independent Examiner's Report to the Trustees of The Association of Guilds of Weavers, Spinners and Dyers`**
## **`Independent examiner's report to the trustees of The Association of Guilds of Weavers, Spinners and Dyers`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheAssociationofGuildsof Weavers,
Spinners and Dyers (the Trust) for the year ended 31 December 2021.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordance with
the requirements of the Charities Act 2011 ('the Act').
```
```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActand in
carryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommission under
section 145(5)(b) of the Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in
connection with the examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
```
```
Paul Spencer FCCA
PM+M Solutions for Business LLP
Chartered Accountants
The Old Tannery
Eastgate
Accrington
Lancashire
BB5 6PW
```
```
Date: .............................................
```
```
Page 5
```
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Statement of Financial Activities for the Year Ended 31 December 2021`**
|`2021`
`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`2,187`
**`Charitable activities`**
`The Journal`
`44,475`
`Association`
`155,488`
`Other trading activities`
`3`
`12,259`
`Investment income`
`4`
`478`
**`Total`**
`214,887`
**`EXPENDITURE ON`**
**`Charitable activities`**
`5`
`The Journal`
`46,679`
`Association`
`132,923`
`Other`
`-`
**`Total`**
`179,602`
`Net gains/(losses) on investments`
`2,635`
**`NET INCOME`**
`37,920`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`248,242`
**`TOTAL FUNDS CARRIED FORWARD`**
`286,162`|`2020`
`Total`
`funds`
`£`
`2,538`
`45,023`
`44,870`
`13,365`
`1,092`|
|---|---|
||`106,888`
`45,135`
`36,977`
`1,986`|
||`84,098`
`(2,178)`|
||`20,612`
`227,630`|
||`248,242`|
```
The notes form part of these financial statements
```
```
Page 6
```
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Balance Sheet 31 December 2021`**
|`2021`
`Unrestricted`
`funds`
`Notes`
`£`
**`CURRENT ASSETS`**
`Stocks`
`10`
`560`
`Debtors`
`11`
`6,539`
`Investments`
`12`
`18,683`
`Cash at bank and in hand`
`281,076`
`306,858`
**`CREDITORS`**
`Amounts falling due within one year`
`13`
`(20,696)`
**`NET CURRENT ASSETS`**
`286,162`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`286,162`
**`NET ASSETS`**
`286,162`
**`FUNDS`**
`14`
`Unrestricted funds:`
`Association`
`128,069`
`Summer school bursaries`
`20,667`
`The Journal`
`137,426`
`286,162`
**`TOTAL FUNDS`**
`286,162`|`2020`
`Total`
`funds`
`£`
`560`
`9,862`
`16,048`
`294,498`|
|---|---|
||`320,968`
`(72,726)`|
||`248,242`|
||`248,242`|
||`248,242`|
||`99,037`
`20,665`
`128,540`|
||`248,242`|
||`248,242`|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
```
```
J Crowther - Chair - Trustee
```
```
The notes form part of these financial statements
```
```
Page 7
```
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Notes to the Financial Statements for the Year Ended 31 December 2021`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102) (effective
1January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicablein the
UKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeen prepared
under the historical cost convention.
```
## **`Financial reporting standard 102 - reduced disclosure exemptions`**
```
Thecharityhastakenadvantageofthefollowingdisclosureexemptionsinpreparingthese financial
statements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUK and
Republic of Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows.`
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
```
```
Subscriptionsarerecognisedonanaccrualsbasiswithamountsreceivedinadvancebeingtaken to
deferred income in the balance sheet.
```
```
Bank interest is recognised when receivable.
```
```
Sales of services are included in the Statement of Financial Activities in the period to which they relate.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
beenallocatedtoactivitiesonabasisconsistentwiththeuseofresources.Expenditureincludes any
VAT which is not fully recoverable.
```
## **`Stocks`**
```
Stocksarevaluedat thelowerofcostandnetrealisablevalue,aftermakingdueallowancefor obsolete
and slow moving items.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestrictedfundsareavailableforuseatthediscretionofthetrusteesinfurtheranceofthe general
objectives of the charity.
```
```
Designated funds are those set aside by the trustees to be used for particular purposes in the future.
```
```
Restricted funds can only be used for particular restricted purposes as laid down by the donor.
```
```
continued...
```
```
Page 8
```
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2021`**
## **`2. DONATIONS AND LEGACIES`**
|`Donations`
**`3.`**
**`OTHER TRADING ACTIVITIES`**
`Advertising income`
`Conference income`
`Other income`
**`4.`**
**`INVESTMENT INCOME`**
`Dividends received`
`Bank interest receivable`
**`5.`**
**`CHARITABLE ACTIVITIES COSTS`**
`The Journal`
`Association`
**`6.`**
**`DIRECT COSTS OF CHARITABLE ACTIVITIES`**
`Travel, journal, exhibition and miscellaneous`
`Promotional expenses`
`Computer expenses`
`Summer school expenses and bursaries`
`Insurance`
`Certificates of achievement`
`Printing, stationery, and advertising`
`Conference expenses`
`Bank charges`
`Website registration and hosting`|`Direct`
`Costs (see`
`note 6)`
`£`
`44,825`
`131,069`
`175,894`|`2021`
`£`
`2,187`
`2021`
`£`
`10,611`
`-`
`1,648`
`12,259`
`2021`
`£`
`-`
`478`
`478`
`Support`
`costs (see`
`note 7)`
`£`
`1,854`
`1,854`
`3,708`
`2021`
`£`
`43,050`
`1,023`
`613`
`117,234`
`5,957`
`5,345`
`306`
`-`
`1,238`
`1,128`
`175,894`|`2020`
`£`
`2,538`
`2020`
`£`
`13,269`
`96`
`-`
`13,365`
`2020`
`£`
`119`
`973`
`1,092`
`Totals`
`£`
`46,679`
`132,923`|`2020`
`£`
`2,538`
`2020`
`£`
`13,269`
`96`
`-`|`2020`
`£`
`2,538`|
|---|---|---|---|---|---|
|||||`13,365`||
||||||`2020`
`£`
`119`
`973`|
||||||`1,092`|
||||`179,602`|||
||||`2020`
`£`
`43,406`
`590`
`723`
`-`
`5,972`
`1,682`
`1,557`
`19,469`
`916`
`2,717`|||
||||`77,032`|||
```
continued...
```
```
Page 9
```
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2021`**
## **`7. SUPPORT COSTS`**
|**`SUPPORT COSTS`**|||||
|---|---|---|---|---|
|||||`Governance`|
|||||`costs`|
|||||`£`|
|`The Journal`||||`1,854`|
|`Association`||||`1,854`|
|||||`3,708`|
|`Support costs, included in the above, are as follows:`|||||
||||`2021`|`2020`|
||`The`||`Total`|`Total`|
||`Journal`|`Association`|`activities`|`activities`|
||`£`|`£`|`£`|`£`|
|`Independent examiner fee`|`1,854`|`1,854`|`3,708`|`5,080`|
## **`8. TRUSTEES' REMUNERATION AND BENEFITS`**
```
The trustees were not remunerated during the year ended 31 December 2021 or the previous period.
```
## **`Trustees' expenses`**
```
Duringtheyear9trustees(2020-11trustees)werepaidexpensestotalling£34(2020-£70) for
printing,postageandstationery,£612(2020- £899)fortravellingand£2,339(2020- £1,750)for other
expenses.
```
## **`9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
||`Unrestricted`|
|---|---|
||`funds`|
||`£`|
|**`INCOME AND ENDOWMENTS FROM`**||
|`Donations and legacies`|`2,538`|
|**`Charitable activities`**||
|`The Journal`|`45,023`|
|`Association`|`44,870`|
|`Other trading activities`|`13,365`|
|`Investment income`|`1,092`|
|**`Total`**|`106,888`|
|**`EXPENDITURE ON`**||
|**`Charitable activities`**||
|`The Journal`|`45,135`|
|`Association`|`36,977`|
|`Other`|`1,986`|
|**`Total`**|`84,098`|
|`Net gains/(losses) on investments`|`(2,178)`|
|**`NET INCOME`**|`20,612`|
```
continued...
```
```
Page 10
```
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2021`**
## **`9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
|**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`10.`**
**`STOCKS`**
`Stocks`
**`11.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Prepayments and accrued income`
**`12.`**
**`CURRENT ASSET INVESTMENTS`**
`Coloma Wealth`
**`13.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Accrued expenses`
`Deferred income`||`2021`
`£`
`560`
`2021`
`£`
`301`
`6,238`
`6,539`
`2021`
`£`
`18,683`
`2021`
`£`
`-`
`3,709`
`16,987`
`20,696`|`Unrestricted`
`funds`
`£`
`227,630`
`248,242`
`2020`
`£`
`560`
`2020`
`£`
`2,301`
`7,561`
`9,862`
`2020`
`£`
`16,048`
`2020`
`£`
`245`
`3,602`
`68,879`
`72,726`|
|---|---|---|---|
|||||
```
continued...
```
```
Page 11
```
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2021`**
## **`14. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`Association`
`Summer school bursaries`
`The Journal`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above`
**`Unrestricted funds`**
`Association`
`Summer school bursaries`
`The Journal`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`Association`
`Summer school bursaries`
`The Journal`
**`TOTAL FUNDS`**|`are as follows:`
`Incoming`
`resources`
`£`
`159,320`
`2`
`55,565`
`214,887`
`214,887`
`At 1.1.20`
`£`
`92,187`
`20,720`
`114,723`
`227,630`
`227,630`|`At 1.1.21`
`£`
`99,037`
`20,665`
`128,540`
`248,242`
`248,242`
`Resources`
`expended`
`£`
`(132,923)`
`-`
`(46,679)`
`(179,602)`
`(179,602)`
`Net`
`movement`
`in funds`
`£`
`6,730`
`65`
`13,817`
`20,612`
`20,612`|`Net`
`movement`
`At`
`in funds`
`31.12.21`
`£`
`£`
`29,032`
`128,069`
`2`
`20,667`
`8,886`
`137,426`
`37,920`
`286,162`
`37,920`
`286,162`
`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`2,635`
`29,032`
`-`
`2`
`-`
`8,886`
`2,635`
`37,920`
`2,635`
`37,920`
`Transfers`
`between`
`At`
`funds`
`31.12.20`
`£`
`£`
`120`
`99,037`
`(120)`
`20,665`
`-`
`128,540`
`-`
`248,242`
`-`
`248,242`|
|---|---|---|---|
```
continued...
```
```
Page 12
```
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2021`**
## **`14. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`Association`
`Summer school bursaries`
`The Journal`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`47,871`
`65`
`58,952`
`106,888`
`106,888`|`Resources`
`expended`
`£`
`(38,963)`
`-`
`(45,135)`
`(84,098)`
`(84,098)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`(2,178)`
`6,730`
`-`
`65`
`-`
`13,817`
`(2,178)`
`20,612`
`(2,178)`
`20,612`|
|---|---|---|---|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`Association`
`Summer school bursaries`
`The Journal`
**`TOTAL FUNDS`**|`At 1.1.20`
`£`
`92,187`
`20,720`
`114,723`
`227,630`
`227,630`|`Net`
`movement`
`in funds`
`£`
`35,762`
`67`
`22,703`
`58,532`
`58,532`|`Transfers`
`between`
`funds`
`£`
`120`
`(120)`
`-`
`-`
`-`|`At`
`31.12.21`
`£`
`128,069`
`20,667`
`137,426`|
|---|---|---|---|---|
|||||`286,162`|
|||||`286,162`|
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the
above are as follows:
```
|**`Unrestricted funds`**
`Association`
`Summer school bursaries`
`The Journal`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`207,191`
`67`
`114,517`
`321,775`
`321,775`|`Resources`
`expended`
`£`
`(171,886)`
`-`
`(91,814)`
`(263,700)`
`(263,700)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`457`
`35,762`
`-`
`67`
`-`
`22,703`
`457`
`58,532`
`457`
`58,532`|
|---|---|---|---|
```
Designatedreservestotalling£20,667(2020-£20,665)areheldforthepurposesofproviding bursaries
tocertainattendeesoftheSummerSchoolwhichisheldbiennially,thenextonetobeheldin 2023.
Thesereservesarealsousedtocoveradditionalcostsfortrainingworkleadinguptothe Foundation
Certificate and Certificate of Achievement that exceed the registration fees.
```
```
continued...
```
```
Page 13
```
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Notes to the Financial Statements - continued for the Year Ended 31 December 2021`**
## **`15. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 December 2021.
```
```
Page 14
```
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Detailed Statement of Financial Activities for the Year Ended 31 December 2021`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
**`Other trading activities`**
`Advertising income`
`Conference income`
`Other income`
**`Investment income`**
`Dividends received`
`Bank interest receivable`
**`Charitable activities`**
`Journal subscriptions`
`Summer school`
`Affiliation fees`
`Certificates of achievement`
`Conference income`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Charitable activities`**
`Travel expenses- committee`
`Exhibition expenses`
`Miscellaneous expenses`
`Journal printing, design and packaging`
`Promotional expenses`
`Computer expenses`
`Summer school expenses and bursaries`
`Insurance`
`Certificates of achievement`
`Printing, stationery, and advertising`
`Conference expenses`
`Bank charges`
`Website registration and hosting`|`2021`
`£`
`2,187`
`10,611`
`-`
`1,648`
`12,259`
`-`
`478`
`478`
`44,475`
`141,089`
`12,257`
`2,142`
`-`
`199,963`
`214,887`
`612`
`-`
`1,034`
`41,404`
`1,023`
`613`
`117,234`
`5,957`
`5,345`
`306`
`-`
`1,238`
`1,128`
`175,894`|`2020`
`£`
`2,538`
`13,269`
`96`
`-`|
|---|---|---|
|||`13,365`
`119`
`973`|
|||`1,092`
`45,023`
`-`
`24,101`
`1,460`
`19,309`|
|||`89,893`|
|||`106,888`
`2,370`
`369`
`20,480`
`20,187`
`590`
`723`
`-`
`5,972`
`1,682`
`1,557`
`19,469`
`916`
`2,717`|
|||`77,032`|
```
This page does not form part of the statutory financial statements
```
```
Page 15
```
## **`THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS`**
## **`Detailed Statement of Financial Activities for the Year Ended 31 December 2021`**
|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 31 December 2021`**|||
|---|---|---|
|**`Charitable activities`**
**`Other`**
`AGM travelling expenses`
`AGM expenses`
**`Support costs`**
**`Governance costs`**
`Independent examiner fee`
`Total resources expended`
**`Net income before gains and losses`**
**`Gains and losses on investments`**
`Unrealised gains/(losses) on investments`
**`Net income`**|`2021`
`£`
`-`
`-`
`-`
`3,708`
`179,602`
`35,285`
`2,635`
`37,920`|`2020`
`£`
`302`
`1,684`|
|||`1,986`
`5,080`|
|||`84,098`|
|||`22,790`
`(2,178)`|
|||`20,612`|
```
This page does not form part of the statutory financial statements
```
```
Page 16
```