2021-09-30-accounts

Report ofthe Trustees	1 to3
Independent Examiner's Report to the Trustees
Statement ofFinancial Activities
Statement ofFinancial Position
Notes to the Financial Statements	7to13
Detailed Statement ofFinancial Activities	14to 15

REFERENCE AND	REFERENCE AND	REFERENCE AND	ADMINISTRATIVE	ADMINISTRATIVE	ADMINISTRATIVE	INFORMATION
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 oNcers serving			during	the year and since the year end were			as follows:
						Mr A McQuin
						Mr A Powers
						MrJAbel
						MrS Hurst
						Mr TPonsonby
						Ms A Thome
						Ms C Spalding
						Ms FCameron Roberts
						Ms TSheppard
						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

				unrestricted	Restricted	2021	2020
				funds	funds
				8
Income and	endowments	hem:
Donations	and legacies			32,438		32,436	3,957
Charitable	activities			46,652		46,652	56,656
Other trading activttes				13,734		13,734	101,289
Investments				93,939		93,939	95,922
Total				188,763		188,763	257,824
Expenditure	on:
Raising funds			6	(115,318)		(115,318)	(138,013)
Charitable	activities		7/8	(50,032)		(50,032)	(66,446)
Total				(165,350)		(165,350)	(204,458)
Net gains/(losses) on investments				8,633		8,633	(6,011)
Other recognised gains/losses
Net movement in funds				32,046		32,046	47,354
Reconciliation offunds
Total funds	brought forward			447,820	25,587	473,407	426,053
Total funds	carried forward			479,866	25,587	505,453	473/07

													Notes			2021		2020
																8
Fixed assets
Tangible assets													13			28,892		21,166
Investments													14I15			127,913		119,542
																158,805		140,708
Current assets
Debtors													16			11,540		9,620
Cash at bank and in hand																368,162		354,005
																379,702		383,825
Creditors: amounts	falling		due	within	one year								17			(25,885)		(25,641)
Net current assets																353,817		337,984
Total assets less current		liabilities														510,822		478,892
Creditors: amounts	falling		due	after more than one			year						18			(5,169)		(5,285)
Net assets																505,453		473,407
The funda ofthe charity
Restricted income	funds												19			25,587		25,587
Unrestricted income funds													19			479,866		447,820
Total funds																505 453		473~7
For the year ended		306eptember			2021 the		company		was		entitled	to	exemption	from	audit	under section		477of the
Companies Act 2006 relating to				small companies.
The members	have		not	required	the	company		to obtain		an	audit	of its accounts		for the	year	in question	in	accordance
with section 476,

					2021	2020
						8
Unrestricted	funds
Hall hire					10,970	77,521
Hirers Catering					1,661	23,678
Sundry income					1,103	90
					13,734	101,280
nvestment income
					2021	2020
					8
Unrestricted	funda
Income from	investment				90,244	90,629
properties
Income from	listed		investments		3,695	5,293
					03,039	08,022
Expenditure	on	other trading activities
					2021	2020
					8
Unrestricted	funds
No~aritable		trading		activities	115,318	138,013
					115,318	138,013
Costa ofcharitable			activises by fund type
					2021	2020
						8
Unrestricted	funda
Advance education			in visual arts		25,224	45,239
and crafts in	any way which may
be beneficial	to	the	community
Support costs					24,808	21,207
					80,032	BB,448

	Land and	ONce	Fixtures and
Coat orvaluation	Buildings	equipment	Fittings	Total
At 01 October 2020	5,362	32,850	13,502	51,714
Additions		2,044	11,565	13,609
At 30September 2021	5,382	34,894	25,067	65,323
Depreciation
At 01 October 2020		25,687	4,861	30,548
Charge foryear		1,841	4,041	5,683
At 30September 2021		27,529	8,902	36,431
Net book values
At30September 2021	5,362	7,366	16,165	28,893
At 30September 2020	6,382	7,163	8,641	21,166

Analysis ofm	ovement ofcommercial investments
		Listed
		investments
		6
Market value at 01		119,542
October 2020
Net gain/(loss)	on	8,371
revaluation
Market value at 30		127,913
September 2021

Analysis ofi	nvestme	n	ts between funds as atyear ended 30September 202	1
				2021	2020
				6
Unrestricted	funds
Listed investments				127,913	119,542
				127,S13	«$,542
Debtors
				2021	2020
				R	E
Amounts due within			one year:
Trade debtors				2,077	(136)
Prepayments	and accrued income			9,463	9,758
				«,540	$,620
Creditors: amounts		falling due within one year
				2021	2020
					6
Trade creditors				11,453	10,474
Other creditors				9,172	6,303
Accruals and	deferred		income	5,260	6,864
				25,885	25641

2021	2020
R	5
5,169	5,265
5,16$	5,285

Unrestricted Funds
	Balance at	Incoming	Outgoing	Gains and	Balance at
	01/1Ql2020	resources	resources	losses	30/0$/2021
	R	R	R		R
General
General	447,620	188,763	(165,350)	6,633	479,866
	447,820	18$,763	(165,350)	8,633	47$,$56
	11of 15

Analysis of	net assets between funds
		Tangible	Investments	Net current	Creditors	&	Net Assets
		fbred assets		assets l	one year
				(liabilities)
				8
Unrestitctad	funds
General
General		28,892	127,913	328,230	(5,169)		479,866
Restricted funds
Dalton Fund				1,653			1,653
Library Fund				23,934			23,934
		28,892	127,913	353,817	(5,16$)		505,453
Previous year
		Tangible	Investments	Net current	Creditors	a	Net Assabr
		fixed assets		assets I	one year
				(liabilNes}
				F.
Unrestricted	funds
General
General		21,166	119,542	312,397	(5,285)		447,820
Restricted funds
Dalton Fund				1,653			1,653
Library Fund				23,934			23,934
		21,166	119,542	337,$84	(5,2$5)		473,407

					2021	2020
					8	8
INCOME AND ENDOWMENT
Donations and legacies
General donations					21,561	3,957
Outreach project donations					10,877
					32,438	3,$57
Charitable activities
Guild Catering Activities					40,543	48,326
Gift aid					8,109	8,330
					48,652
Other trading activities
Income from Hall hire					10,970	77,521
Income from Hirers Catering					1,661	23,678
Income from Sundry income					1,103	90
					13,734	101,28$
Investments
Income from investment	properties				90,244	90,629
Income from listed investments					3,695	5,293
					93,939	95,922
Total incoming resources					188,763	257,824
EXPENDITURE
Other trading activities
Staff costs - wages &salaries					(56,842)	(55,299)
Staffcosts - social security		costs			(971)	(1,635)
Staffcosts - pension contributions					(484)	(485)
Hirers Catering &Services					(862)	(6,151)
Premises costs					(10,610)	(10,433)
Insurance					(7,701)	(9,335)
Cleaning					(9,293)	(13,161)
Building repairs &maintenance					(4,341)	(22,310)
ONce costs					(21,340)	(16,333)
Equipment repairs					(2.874)	(2,639)
Training						(229)
Bad debts						(3)
					(115,318)	(138,013}
Charitable activities
Cost ofdirect charitable	activity				(9,616)	(13,972)
Staff costs - wages &salaries					(6,316)	(6,144)
Staff costs - social security		costs			(108)	(182)
Staff costs - pension contributions					(54)	(54)
Building repairs &maintenance					(1,447)	(7,437)
Premises expenses					(1,179)	(1,159)
Insurance					(856)	(1,037)
Equipment repairs					(958)	(880}
ONce costs					(2,371)	(1,815)
			14of15
		This page does not	form part ofthe statutory	financial statements

Cleaning			(1,033)	(1,462)
Lettering 5 Portraits			(1,428)	(1,317)
Library expenses			(34)
Masters expenses			176	(9,755)
Training				(25)
			(25,224)	(45,239)
SUPPORT COSTS
Governance costs
Accountancy fees			(7,288)	(9,074)
Legal fees			(2,019)	(678)
Depreciation ofowned	assets		(5,883)	(3,951)
Other finance costs			(582)	(308)
Treasurer			(4,000)	(4,000)
Partial VAT Exemption	adjustments		(5,036)	(3,196)
			(24,808)	(21,207)
Total resources expended			(165,350)	(204,459)
NET INCOME BEFOREGAINS		AND LOSSES
Other recognised gains	and	losses
Gains/(loss) on revaluation		ofinvestments	8,633	(6,011)
			8,633	(8,011)
Net income before gains	and	losses	8,633	(6,011)
Net Income			32,046	47,354