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2020-09-30-accounts

Report ofthe Trustees 1to3
Independent
Examiner's		 Report to the Trustees
Statement
of Financial		 Activities
Statement
of Financial		 Position
Notes to the Financial Statements 7 to 13
Detailed Statement
of Financial		 Activities 14to 15

REFERE NCE AND NCE AND AD MINISTRA TIVE
I		 NFORMATION
Name of Charity Art Workers Guild Trustees, Limited
Charity registration number 313228
Company registration number 00127931
Principal address 6Queen Square
Bloomsbury
London
WC1N 3AT
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr A McQuin
Mr A Powers
Mr A Wills
Mr JAbel
Mr S Hurst
Mr T Ponsonby
Ms A Thorne
Ms J Cox
Ms C Spalding
Ms F Cameron Roberts
Ms T Sheppard
Mr M Winstanley
Independent examiners Chippendale and Clark
First Floor, Absol House
Ivy Road Industrial Estate
Chippenham
SN15 1SB
Approved by the Board ofTrustees and signed on its behalf by

Notes Unrestricted Restricted 2020 201
funds funds
Income and endowments from:
Donations and legacies 3,957 3,957 4,99(
Charitable activities 56,656 56,656 53,70
Other trading
activites		 101,289 101,289 164,93:
Investments 95,922 95,922 95,25(
Total 257,824 257,824 318,89(
Expenditure on:
Raising funds 6 (138,013) (138,013) (166,99(
Charitable activities 7/8 (66,446) (66,446) (87,55(
Total (204,459) (204,459) (254,54I
Net gains/(losses)
on investments		 (6,011) (6,011) 4,09(
Other recognised
gains/losses
Net movement
in funds		 47,354 47,354 68,44(
Reconciliation
offunds
Total funds brought
forward		 400,466 25,587 426,053 357,61:
Total funds carried forward 447,820 25,587 473,407 426,05:

Notes 2020 201
Fixed assets
Tangible assets 13 21,166 22,96',
Investments 14/15 119,542 125,55'.
140,708 148,51
Current assets
Debtors 16 9,620 15,16.
'
Cash at bank and in hand 354,005 297,54
363,625 312,70i
Creditors: amounts falling due within one year 17 (25,641) (28,90;
Net current assets 337,984 283,79i
Total assets less current liabilities 478,692 432,31
Creditors: amounts falling due after more than one year 18 (5,285) (6,26(
Net assets 473,407 426,05:
The funds ofthe charity
Restricted
income		 funds 19 25,587 25,58'
Unrestricted
income funds		 19 447,820 400,46(
Total funds 473,407 426,05:

Unrestricted
funds		 Unrestricted
funds
Donations received
Legacies received

2020 201
48,326 44,98'
8,330 8,72',
56,656 53,70
56,656 53,70'

2020 201
Unrestricted funds
Hall hire 77,521 126,92'
Hirers Catering 23,678 37,39(
Sundry
income		 90 61:
101,289 164,93,
'
5.Investment
income
2020 201
Unrestricted funds
Income from investment 90,629 89,74(
properties
Income from listed investments 5,293 5,48(
Bank interest receivable 2'
95,922 95,25(
6.Expenditure
on other trading		 activities
2020 201
Unrestricted funds
Non-charitable
trading		 activities 138,013 166,99(
138,013 166,991
7.Costs of charitable activities by fund type
2020 201
Unrestricted funds
Advance
education		 in visual arts 45,239 50,35:
and crafts
in		 any way which may
be beneficial to the community
Support costs 21,207 37,20(
66,446 87,55(

Activities undertaken directly
Advance education
in		 visual arts
and crafts in any way which
may
be beneficial to the community

Net income/(e xpenditure)
for the year
This is stated after charging/(crediting):
2020 201
Depreciation of owned fixed assets 3,951 4,40(
Accountancy fees 9,074 11,66:
Staff pension contributions 539
Staff costs and emoluments
Total staff costs for the year ended 30September 2020 were:
2020 201
Salaries and wages 61,443 60,18!
Social security costs 1,817 1,77(
Pension costs 539 43!'
83,799 62,39!

Land and Office Fixtures and
Cost or valuation Buildings equipment Fittings Tot;
F f
At 01 October 2019 5,362 30,695 13,502 49,55!
Additions 2,155 2,15!
At 30September 2020 5,362 32,850 13,502 51,71
Depreciation
At 01 October 2019 23,897 2,700 26,59
Charge for year 1,791 2,160 3,95'
At 30September 2020 25,687 4,861 30,54!
Net book values
At 30September 2020 5,362 7,163 8,641 21,16'
At 30September 2019 5,362 6,799 10,802 22,96:

Analysis
of movement
ofcommercial
investments
Liste
investment
Market value at 01 125,55',
October 2019
Net gain/(loss)
on		 (6,01(
revaluation
Market value at 30 119,54',
September 2020
Analysis
of		 investments
between
funds as at year ended 30S		 eptember
2020
2020 201
E
Unrestricted funds
Listed investments 119,542 125,55:
119,542 125,55,
'

Debtors
2020 201
E
Amounts due within one year:
Trade debtors (138) 9,62
Prepayments and accrued income 9,758 5,53I
9,620 15,16.
'

2020 201
10,474 6,39(
6,303 10,76'
8,864 11,75(
25,641 28,90'
2020 201
5,285 6,26l
5,285 6,26I

Unrestricted
Funds
Balance at Incoming Outgoing Gains and Balance i
01/10/201 9 resources resources losses 30/09/202
F
General
General 400,466 257,824 (204,459) (6,011) 447,82(
400,466 257,824 (204,459) (6,011) 447,82I
Unrestricted
Funds - Previou		 s year
Balance at Incoming Outgoing Gains and Balance
01/10/2018 resources resources Iosses 30/09/201
E
General
General 332,026 318,890 (254,548) 4,098 400,46(
332,026 318,890 (254,548) 4,098 400,46i

Dalton Fund
Library Fund
Restricted
Funds		 - Previous year
Dalton Fund
Library Fund
Balance at Balance
01/10/2019 30/09/202
1,653 1,65:
23,934 23,93
25,587 25,58'
Balance at Balance
01/10/201 8 30/09/201
1,653 1,65:
23,934 23,93
25,587 25,58'

Analysis o f net assets between funds
Tangible Investments Net current Creditors & Net Assei
fixed assets assets I one year
(liabilities)
Unrestricted funds
General
General 21,166 119,542 312,397 (5,285) 447,82(
Restricted funds
Dalton Fund 1,653 1,65:
Library Fund 23,934 23,93
21,166 119,542 337,984 (5,285) 473,40'
Previous year
Tangible Investments Net current Creditors & Net Assei
fixed assets assets I one year
(liabilities)
Unrestricted funds
General
General 22,962 125,552 258,212 (6,260) 400,46l
Restricted funds
Dalton Fund 1,653 1,65:
Library Fund 23,934 23,93
22,962 125,552 283,799 (6,260) 426,05,
'

2020 2019
INCOME AND ENDOWMENT
Donations
and legacies
General donations 3,957 3,898
Courtyard
Project		 1,100
3,957 4,998
Charitable
activities
Guild Catering
Activities		 48,326 44,981
Gift aid 8,330 8,723
56,656 53,704
Other trading activities
Income from Hall hire 77,521 126,921
Income from Hirers Catering 23,678 37,399
Income from Sundry income 90 612
101,289 164,932
Investments
Income from investment properties 90,629 89,746
Income from listed investments 5,293 5,486
Bank interest receivable 24
95,922 95,256
Total incoming
resources		 257,824 318,890
EXPENDITURE
Other trading activities
Staff costs - wages & salaries (55,299) (54,170)
Staff costs - social security costs (1,635) (1,599)
Staff costs - pension contributions (485) (390)
Hirers Catering
&Services		 (6,151) (11,186)
Premises costs (10,433) (12,370)
Insurance (9,335) (6,383)
Cleaning (13,161) (18,280)
Building
repairs
& maintenance		 (22,310) (41,199)
Office costs (16,333) (15,362)
Equipment
repairs		 (2,639) (4,649)
Training (229) (1,393)
Bad debts (3) (9)
(138,013) (166,990)
Charitable
activities
Cost of direct charitable activity (13,972) (13,181)
Staff costs - wages &salaries (6,144) (6,019)
Staff costs - social security costs (182) (178)
Staff costs - pension contributions (54) (43)
Building
repairs
&maintenance		 (7,437) (13,734)
Premises expenses (1,159) (1,374)
Insurance (1,037) (709)
Equipment
repairs		 (880) (1,550)
14of 15

Office costs (1,815) (1,707)
Cleaning (1,462) (2,031)
Lettering
&		 Portraits (1,317) (4,320)
Masters expenses (9,755) (5,351)
Training (25) (155)
(45,239) (50,352)
SUPPORT COSTS
Governance
costs
Accountancy fees (9,074) (11,663)
Legal fees (678) (3,764)
Depreciation of owned assets (3,951) (4,400)
Other finance costs (308) (986)
Treasurer (4,000) (4,000)
Partial VAT Exemption adjustments (3,196) (12,393)
(21,207) (37,206)
Total resources expended (204,459) (254,548)
NET EXPENDITURE BEFORE GAINS AND LOSSES
Other recognised
gains		 and losses
Gains/(loss) on
revaluation		 of investments (6,011) 4,098
(6,011) 4,098
Net income before gains and losses (6,011) 4,098
Net Income 47,354 68,440