|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|