|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|