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2025-12-31-accounts

Charity registration number 289590 (England and Wales)

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees A Easey L Fidler A Martin L Shannon C Knowles K Johnston A Lawrence S Collins (Appointed 7 June 2025) S White (Appointed 7 June 2025) S Miller (Appointed 7 June 2025) C Roberts (Appointed 7 June 2025) S Topsom (Appointed 7 June 2025) Charity registration England and Wales 289590 Independent examiner PM+M Solutions for Business LLP New Century House Greenbank Technology Park Challenge Way Blackburn Lancashire BB1 5QB

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 15

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees present their annual report and financial statements for the year ended 31 December 2025.

The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Association of Guilds of Weavers, Spinners and Dyers constitution states its objectives as follows:

  1. The preservation and improvement of craftsmanship in hand weaving, spinning and dyeing, for the 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 continue.

There are three certificates offered after a course of study to members of the member guilds of the AGWSD.

Public benefit

The Association organises a biennial National Exhibition and Conference, with a Summer School on the alternate year, these are open to members of affiliated and associate guilds and to members of the public. The Association is also available to provide a presence at the major craft exhibitions throughout the country and member guilds similarly attend craft exhibitions and county shows, hold local exhibitions and demonstrations. Information concerning the AGWSD and the member guilds is available at events and through the AGWSD website, and the member guilds' websites.

Work is continuing on developing the educational programme through the Foundation Certificates, the Certificates of Achievement and the Certificate in Advanced Textile Studies.

The Association publishes a quarterly magazine, "The Journal for Weavers, Spinners and Dyers" which is on sale to guild members and the public.

The Trustees of the Association of Guilds of Weavers, Spinners and Dyers believe they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

ACHIEVEMENT AND PERFORMANCE

The Association currently has 117 affiliated member guilds plus 1 associated (Irish) Guild. The guilds' members now total 5,575 an increase on 2024. It should be noted that, although we undertake detailed five-year financial forecasting and planning, it is recognised that certain aspects of fulfilling our main educational aims – Certificates (Foundation Certificate, Certificate of Achievement and Certificate in Advanced Textile Studies), Stuart Groom Memorial Library and our biennial National Exhibition - are not self-financing and therefore effectively partially subsidised by Association reserves, but largely by the vital importance of volunteer ‘gift time’, both within the Guilds and the Association, which is donated by members at all levels of expertise with a wide range of both textile, practical and administrative talents. Without this personal commitment, the Association could not continue to offer the current wide range of activities for such a modest affiliation fee.

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Area Links

Regular communications between five Area Links, who are trustees and members of the General Purposes Committee, and the guilds in their ‘area’ take place via zoom, five times a year based around the timings of the GPC meetings and AGWSD AGM. The Area Links hold their own group zoom meetings to share and collate information from and to the guilds, the AGWSD Chair, Secretary and Vice Chair attend many of these meetings to give support and to aid communications. This has continued over the past year, with guilds working together for events developed through the Area Link meetings.

Monthly Newsletter

The AGWSD News continues to play a significant part in the communications between the GPC, the Journal Editorial Committee and members of all the affiliated and associate guilds. It is emailed to all guild secretaries monthly for forwarding to their guild members. The News includes information of a more time sensitive nature, such as guild events. There is a rolling programme of ‘from the guilds’ where guilds can celebrate their events, information about the GPC and the members, its work and it used as a way of promoting all the AGWSD has to offer to member guilds.

Biennial National Conference

The biennial residential conference for July 2026 is in the planning stage. A team of volunteers meets regularly to plan how this will be staged. The agreed location is Burleigh Court Hotel, Loughborough University (West Park), Loughborough, Leicestershire, LE11 3GR 10-12 July 2026. The theme will be “Threads Through Time”.

Biennial National Exhibition

The biennial National Exhibition will take place 1-29 October 2026. A team of volunteers is currently planning the details for this. There will be a selected option and a non-selected option for submissions from Guilds. It will be held at The Rose Paterson Gallery, Weston Park, Weston Under Lizard, Shropshire TF11 8LE. The theme will be Flora and Fauna.

Biennial Summer School

Summer School took place from 3-10 August 2025 at Queen Margaret University, Musselburgh. There was a total of 267 bookings for places on the 18 courses. Due to a variety of medical and other reasons, a final figure of 246 students attended with three of the cancellations coming less than a week before the start.

The catering staff were helpful and attentive. Security staff and cleaners were also pleasant and helpful. The campus lent itself well to our needs – everything being close together and was able to accommodate several students with disabilities comfortably.

We received some excellent feedback from the venue and the students and planning is already underway for the 2027 Summer School. This will be held at The Royal Agricultural University, Stroud Road, Cirencester, GL76JS

The Certificates

The Foundation Certificates concept was developed to meet the learning needs of members who were either new to Guilds or who wanted to extend their skills, and for whom the Certificate of Achievement seemed too big a step. The first, the Foundation Certificate in Spinning, was piloted in 2016 and launched fully in 2017. Since then, 78 students have been awarded the Foundation Certificate and there are 44 students currently studying. The Foundation Certificate in Spinning is an approved course with credit accredited with the Textile Institute since September 2021. There are currently 14 mentors supporting the active students. The Foundation Certificate in Natural Dyeing was launched with a pilot in May 2019. The pilot is complete and, following the syllabus review based on feedback from students and mentors, the Foundation Certificate in Natural Dyeing has been launched. There are currently 3 mentors supporting the initial 5 students who have registered to start studying from January 2026. The syllabus for the Foundation Certificate in Weaving is in development.

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

The Certificate of Achievement (CoA)

The CoA continues to provide a broad and balanced series of five syllabi that can be undertaken by members of the affiliated and associate guilds. It is self-directed learning with emphasis on the student undertaking to seek out the best information for their selected syllabus. The CoA Handbook was revised for 2024 with clearer information, additional images, and an appendix giving examples of the use of level descriptors/indicators used for the assessment process.

Five students registered for the CoA in 2025 so far, which is a significant decrease from 2024. The cost for registering for the CoA remains at £40. Bursaries are available on application to the CoA coordinator ratified by the GPC, for financial help for the student to attend a course for furthering their learning.

An annual review of the registered students indicates there is a dropout rate, not unusual in such self-directed learning, there are some students who are taking a break, there remains on average 50 students who are actively engaged in the process. The Current CoA Coordinator gives support when requested, there is a closed Facebook Group that is used for group support.

Five students put work forward for assessment at Summer School 2025. All received a pass, a credit or a distinction.

The assessment process is undertaken by professionals in the given technique. The moderator has extensive knowledge of the assessment process as well as knowledge of the techniques.

The Certificate on Advanced Textile Studies (CATS)

CATS is based on the student’s individual research idea, the ‘Statement of Intent’, based around spinning, weaving or dyeing. CATS has an outline modular system, so that progress can be supported, and further avenues of research undertaken within the guidelines given.

CATS has two assessments in progress and one new student currently enrolled; they continue to research their given areas. They are supported by the CATS coordinator depending on their individual requirements, one has ongoing face to face support every few months, which helps the exploration of ideas and opens avenues for exploration. Support is offered to each CATS student and is taken up as required.

The current CoA and CATS coordinator is a professional teacher working on a volunteer basis.

In line with the AGWSD educational remit, the registration costs and assessment costs for the students have not increased for both the Certificate of Achievement and the Certificate in Advanced Textile Studies since the last report.

The Journal WSD

JEC section of AGWSD Annual Report, accompanying the statutory accounts In 2025 the Journal Editorial Committee (JEC) set out to:

  1. Produce four issues of The Journal for Weavers, Spinners and Dyers (The Journal) a. on time; and

  2. b. with a subscription price that covered the costs of administration, production and distribution: and c. containing interesting and informative weaving, spinning and dyeing articles aimed at a variety of levels of skill and experience; and

  3. d. including a cotton-themed issue as part of an occasional (less frequently than annual) series of topicfocused Journals

  4. Take stock of the environment in which it operates and set some strategic objectives

3. Manage succession planning.

All its objectives were met, although succession planning and the availability of volunteers remains a constant concern.

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Journal production

Thanks to JEC members taking on more than one role to cover for a shortage of volunteers, in 2025 four issues of The Journal were published and distributed in accordance with the customary timetable of an issue per quarter.

The subscription price was increased from the start of 2025 following an exercise to benchmark its price against other broadly comparable publications and to assess the cost per subscriber for the 1600 – 1650 paying subscribers. Complimentary copies for contributors, JEC and AGWSD members as well as a stock to sell as back issues increase the print run above this number.

Unsolicited compliments from readers indicated that the cotton-themed issue in Autumn 2025 was well-received.

Strategic thinking

Two of the quarterly meetings of the JEC were held online to avoid winter travel problems and two were in person in London. This timetable is effective in production terms but does not allow time for team building or out-of-the-box thinking. This is not a new issue, and a strategy day had been planned in 2023. Unfortunately, it had to be cancelled when rail strikes made attendance impossible for the majority. Pre-booked flights and room hire costs were incurred, nevertheless.

However, in June 2025 the entire JEC met in London for a day-long facilitated event to take stock of its priorities and consider the future of The Journal WSD, its integration within the Association and the ensuring of common objectives. This strategy day was led at no cost to the JEC by a recent GPC member who used her professional experience in this area.

As a result of the day, the members of the already-strong JEC team were able to establish a set of priorities to:

Almost the entire JEC team was also able to attend Summer School a few weeks later where several face-to-face meetings were held to iron out issues, particularly on the IT front, further strengthening team bonding.

Succession planning

The AGWSD and JEC constitution provides that elected JEC members cannot serve for more than five successive years without a break of at least one year. This allows for a constant intake of fresh ideas with new volunteers, but it brings a need to keep under review the range of skills within the JEC.

Three new JEC members were elected in 2025 and three more resigned, having reached the end of their five years. Of those three, one remained on the JEC as a volunteer, bringing specialist IT knowledge.

Conclusion

The JEC is in good shape to continue to produce The Journal as part of the Association’s educational remit and maintain The Journal’s archive material.

Stuart Groom Memorial Library

The AGWSD Stuart Groom Memorial Library of books and journals has been developed over years from books given for review by The Journal and donations. Historically, the library functioned through the goodwill of volunteers who housed the books and organised lending from their homes. The library has a permanent home at the Trowbridge Museum, based in an old woollen mill and dedicated to preserving the history of wool spinning and weaving in the area. They now house the library adjacent to their own books and have administered the library since March 2023 with the support of a nominated Trustee.

There are currently 41 guild members who have registered for library cards.

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Jennie Parry Graduate Showcase

The Graduate Showcase exhibition at summer school went well with four graduates submitting and three attending in person. A Showcase exhibition for 2026 Conference is being progressed. 7 students had been asked to prepare submissions for inclusion.

The work from the students was exceptional and was very well received by those attending the Summer School. The Graduates are encouraged to write for the Journal as well as becoming more involved with the Association through offering a year's membership of the Online Guild. The AGWSD gives financial support to the graduates by supporting their exhibition costs.

FINANCIAL REVIEW

Reserves policy

The Association of Guilds of Weavers, Spinners and Dyers has a policy to hold free reserves equal to a minimum of 18 months’ running costs to enable association activities and journal production to continue until subscription income is received. The trustees have estimated the target level of free reserves to be £170,000. Free reserves at 31 December 2025 amounted to £290,010. The trustees will take measures to maintain the reserves at the target level.

Designated reserves totalling £11,914 are held for the purposes of providing bursaries to eligible attendees of the Summer School or Conference which are held biennially and for providing bursaries towards the studies for eligible Certificate of Achievement students. In 2025 we have given in bursaries £5,310.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Association of Guilds of Weavers, Spinners and Dyers is an unincorporated association governed by a constitution adopted on 28 April 1984 as amended on 27 April 1991, 4 April 1998, 6 April 2002, 16 April 2007, 12 April 2008, 2 April 2011, 13 April 2013,18 April 2015, 22 April 2017, 6 April 2019, 1 May 2020 and 19 June 2021.

Recruitment and appointment of new trustees

The trustees are elected by association members at the Annual General Meeting.

The General Purposes Committee consists of the 4 Honorary Officers and not less than 2 nor more than 12 members elected at the Annual General Meeting and no more than 3 members can be co-opted to the committee. The chairman and treasurer of the Journal Editorial Committee are additional members of the General Purposes Committee.

The Journal Editorial Committee consists of a maximum of 18 and normally a minimum of 8 members elected at the Annual General Meeting and no more than 4 members can be co-opted to the committee. One of the members is elected by General Purposes Committee from its own members.

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees who served during the year and up to the date of signature of the financial statements were:

A Easey Acting Chair Elected 07/06/25
L Shannon Acting Vice Chair
S White Honorary Secretary Elected 07/06/25
C Roberts Honorary Treasurer Elected 07/06/25
S Collins Elected 07/06/25
A Martin
C Knowles
S Topsom Elected 07/06/25
K Johnston
L Fidler
S Miller Elected 07/06/25
J Matthews Resigned 11/01/2026
J Monk Resigned 31/12/2025
A Lawrence
J Crowther Resigned 07/06/2025
J Maher Resigned 07/06/2025
M England Resigned 07/06/2025

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

289590

Principal address

Lambruk Cottage, Brampton Road Madley Herefordshire HR29LU

The trustees' report was approved by the Board of Trustees.

A. B. Easey

A Easey Acting Chair

11 July 2026

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

I report to the trustees on my examination of the financial statements of The Association of Guilds of Weavers, Spinners and Dyers (the charity) for the year ended 31 December 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Dean Rodgers ACA PM+M Solutions for Business LLP New Century House Greenbank Technology Park Challenge Way Blackburn Lancashire BB1 5QB

Dated: 11 July 2026

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted Unrestricted
funds funds
2025 2024
Notes £ £
Income from:
Donations and legacies 2 2,110 2,087
Charitable activities 3 298,923 90,370
Other trading activities 4 10,383 10,404
Investments 5 3,772 4,685
Total income 315,188 107,546
Expenditure on:
Charitable activities 6 302,869 105,570
Total expenditure 302,869 105,570
Net gains/(losses) on investments 9 438 1,616
Net income and movement in funds 12,757 3,592
Reconciliation of funds:
Fund balances at 1 January 2025 289,167 285,575
Fund balances at 31 December 2025 301,924 289,167

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 10 to 15 form part of these financial statements.

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

BALANCE SHEET

AS AT 31 DECEMBER 2025

Notes
Fixed assets
Intangible assets
10
Current assets
Stocks
12
Debtors
11
Investments
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
The funds of the charity
Unrestricted funds
15		 2025
£
-
15,601
13,594
312,203
341,398
(39,474)		 2024
£
£
-
470
34,822
18,324
345,140
398,756
(115,512)
301,924
301,924
301,924
301,924		 £
5,923
283,244
289,167
289,167
289,167

The notes on pages 10 to 15 form part of these financial statements.

The financial statements were approved by the trustees on 11 July 2026 A. B. Easey

A Easey Acting Chair

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

The Association of Guilds of Weavers, Spinners and Dyers is an unincorporated registered charity.

1.1 Accounting convention

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

1.2 Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Subscriptions for The Journal for WSD are recognised on a receipts basis.

Affiliation fees, journal advertising and event income is recognised on an accruals basis with amounts received in advance being taken to deferred income in the balance sheet.

Bank interest is recognised when receivable.

1.3 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefit will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Expenditure includes any VAT which is not fully recoverable.

1.4 Intangible fixed assets other than goodwill

Identifiable development expenditure in respect of income generating websites is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Amortisation is recognised so as to write off the cost of intangible fixed assets over their useful lives on the following bases:

Website 33.3% straight line

1.5 Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.6 Taxation

The charity is exempt from tax on its charitable activities.

1.7 Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are those set aside by the trustees to be used for particular purposes in the future.

2 Donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations 2,110 2,087
Income from charitable activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Association
Retail sales - 15
Summer school 231,980 -
Affiliation fees 27,917 25,509
Conference income - 25,267
Certificates 3,725 3,580
Exhibition fees - 2,862
The Journal
Journal subscription 34,092 32,090
Retail sales 1,209 1,047
298,923 90,370

3 Income from charitable activities

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

4 Income from other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Advertising income 10,383 10,374
Other income - 30
Other trading activities 10,383 10,404

5 Investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Bank interest received 3,772 4,685

6 Charitable activities

Association
The
2025
Depreciation and
amortisation
-
Bursaries
5,150
Summer school
213,873
Insurance
7,980
Certificates
4,810
Miscellaneous
505
Conference
96
Bank charges
39
Website and software
2,455
Meeting costs
11,415
Journal production
-
Exhibition
-
Library
1,140
Graduate showcase
1,238
248,701
Governance costs
2,583
251,284		 Association
The
2025
Depreciation and
amortisation
-
Bursaries
5,150
Summer school
213,873
Insurance
7,980
Certificates
4,810
Miscellaneous
505
Conference
96
Bank charges
39
Website and software
2,455
Meeting costs
11,415
Journal production
-
Exhibition
-
Library
1,140
Graduate showcase
1,238
248,701
Governance costs
2,583
251,284		 Journal
2025
5,923
-
-
-
-
91
-
783
1,213
3,292
37,623
-
77
-
49,002
2,583
51,585		 Total
Association
The Journal
2025
2024
2024
5,923
-
5,922
5,150
508
-
213,873
-
-
7,980
6,600
-
4,810
1,156
-
596
30
260
96
22,244
-
822
61
1,785
3,668
3,890
684
14,707
10,282
1,441
37,623
-
39,519
-
4,701
-
1,217
746
-
1,238
821
-
297,703
51,039
49,611
5,166
2,460
2,460
302,869
53,499
52,071		 Total
2024
5,922
508
-
6,600
1,156
290
22,244
1,846
4,574
11,723
39,519
4,701
746
821
2025
-
5,150
213,873
7,980
4,810
505
96
39
2,455
11,415
-
-
1,140
1,238
248,701
2,583
251,284
100,650
4,920
105,570

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

7 Trustees

During the year, 10 trustees were paid expenses, as follows:

Apart from the above, the trustees were not remunerated during the year or the previous period.

8 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

9 Net gains/(losses) on investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Gain/(loss) on investments 438 1,616
Intangible fixed assets
Website
£
Cost
At 1 January 2025 and 31 December 2025 17,767
Amortisation and impairment
At 1 January 2025 11,844
Amortisation charged for the year 5,923
At 31 December 2025 17,767
Carrying amount
At 31 December 2025 -
At 31 December 2024 5,923

10 Intangible fixed assets

The development costs of income generating websites are capitalised and subsequently amortised over their estimated useful economic lives of three years.

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

11
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
12
Stocks
Stocks
13
Current asset investments
Coloma Wealth
14
Creditors: amounts falling due within one year
Deferred income
Trade creditors
Accrued expenses		 2025
£
776
14,825
15,601
2025
£
-
2025
£
13,594
2025
£
34,234
16
5,224
39,474		 2024
£
1,090
33,732
34,822
2024
£
470
2024
£
18,324
2024
£
110,521
12
4,979
115,512

15 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January Incoming Resources Gains and At 31
2025 resources expended losses December
2025
£ £ £ £ £
General funds 289,167 315,188 (302,869) 438 301,924

THE ASSOCIATION OF GUILDS OF WEAVERS, SPINNERS AND DYERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

15 Unrestricted funds (Continued)
Previous year: At 1 January Incoming Resources Gains and At 31
2024 resources expended losses December
2024
£ £ £ £ £
General funds 285,575 107,546 (105,570) 1,616 289,167

16 Designated funds

Designated reserves totaling £11,914 (2024: £17,477) are held for the purposes of providing bursaries to certain attendees of the Summer School or Conference, or eligible students studying for the Certificate of Achievement.

17 Related party transactions

There were no related party transactions for the year ended 31 December 2025.