|Report ofthe Trustees|||1to4|
|---|---|---|---|
|Independent<br>Examiner's|Report|to the Trustees||
|Statement<br>of Financial|Activities|||
|Statement<br>of Financial|Position|||
|Notes to the Financial Statements|||8 to 14|
|Detailed Statement of Financial||Activities|15to 16|





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|REFERE|REFERE|NCE AND|AD|MINISTRA|TIVE<br>INFORMATION|TIVE<br>INFORMATION|TIVE<br>INFORMATION||
|---|---|---|---|---|---|---|---|---|
|Name of||Charity|||Art Workers<br>Guild Trustees|||Limited|
|Charity|registration||number||313228||||
|Company||registration||number|00127931||||
|Principal||address|||6 Queen 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 J Abel||||
||||||Mr S Hurst||||
||||||Mr T Ponsonby||||
||||||(Resigned: 01 January||2022)||
||||||Ms A Thorne||||
||||||(Resigned: 01 January||2022)||
||||||Ms C Spalding||||
||||||Ms F Cameron|Roberts|||
||||||(Resigned: 01 January||2022)||
||||||Ms T Sheppard||||
||||||Mr M Winstanley||||
||||||Mr J Nichols||||
||||||(Appointed:<br>01 January||2022)||
||||||Ms H Coulson||||
||||||(Appointed:<br>01 January||2022)||
||||||Mr F Baier||||
||||||(Appointed:<br>01 January||2022)||





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||||Notes|Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|---|---|
|||||funds|funds|||
|||||f|f|||
|Income and|endowments|from:||||||
|Donations|and legacies|||7,556||7,556|32,438|
|Charitable|activities|||58,480||58,480|48,652|
|Other trading activites||||95,910||95,910|13,734|
|Investments||||96,444||96,444|93,939|
|Total||||258,390||258,390|188,763|
|Expenditure|on:|||||||
|Raising funds|||6|(156,003)||(156,003)|(115,318)|
|Charitable|activities||7/8|(67,493)||(67,493)|(50,032)|
|Total||||(223,496)||(223,496)|(165,350)|
|Net gains/(losses)<br>on investments||||(14,555)||(14,555)|8,633|
|Other recognised<br>gains/losses||||||||
|Net movement<br>in funds||||20,339||20,339|32,046|
|Reconciliation<br>offunds||||||||
|Total funds|brought<br>forward|||479,866|25,587|505,453|473,407|
|Total funds|carried forward|||500,205|25,587|525,792|505,453|





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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||||||E|
|Unrestricted||funds|||||||
|Hall hire|||||||75,694|10,970|
|Hirers Catering|||||||19,637|1,661|
|Sundry income|||||||579|1,103|
||||||||95,910|13,734|
|5.Investment<br>income|||||||||
||||||||2022|2021|
||||||||E|E|
|Unrestricted||funds|||||||
|Income from||investment|||||91,275|90,244|
|properties|||||||||
|Income from||listed||investments|||5,169|3,695|
||||||||96,444|93,939|
|6.Expenditure|on||other trading|||activities|||
||||||||2022|2021|
||||||||E|E|
|Unrestricted||funds|||||||
|Non-charitable|||trading||activities||156,003|115,318|
||||||||156,003|115,318|
|7.Costs ofcharitable||||activities||by fund type|||
||||||||2022|2021|
||||||||E|E|
|Unrestricted||funds|||||||
|Advance education||||in visual arts|||43,242|25,224|
|and crafts in|any way which may||||||||
|be beneficial|to||the|community|||||
|Support costs|||||||24,251|24,808|
||||||||67,493|50,032|





|8.Costs ofcharitable|activities|activities|activities|by activity type|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||f|f|
|Activities<br>undertaken||directly|||||
|Advance<br>education|in|visual arts|||67,493|50,032|
|and crafts in any way||which may|||||
|be beneficial to the|community||||||
|9.Analysis ofsupport|costs||||||
||||||2022|2021|
|Governance<br>costs|||||24,251|24,808|
|10.Net incomei(expenditure)|||for|the year|||
|This is stated after|charging/(crediting):||||||
||||||2022|2021|
|||||||f|
|Depreciation<br>of owned||fixed assets|||5,225|5,883|
|Accountancy<br>fees|||||10,243|7,288|
|Staff pension<br>contributions|||||556|538|
|11.Staff costs and emoluments|||||||
|Total staff costs for|the year ended 30September 2022 were:||||||
||||||2022|2021|
||||||f|f|
|Salaries and wages|||||70,680|63,158|
|Social security costs|||||1,655|1,079|
|Pension costs|||||556|538|
||||||72,891|64,775|
||||||2022|2021|
|No ofEmployees|||||||





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||Land and|Office|Fixtures and||
|---|---|---|---|---|
|Cost or valuation|Buildings|equipment|Fittings|Total|
||F||f.|E|
|At 01 October 2021|5,362|34,894|25,067|65,323|
|Additions||2,596||2,596|
|At 30September 2022|5,362|37,490|25,067|67,919|
|Depreciation|||||
|At 01 October 2021||27,529|8,902|36,431|
|Charge for year||1,992|3,233|5,225|
|At 30September 2022||29,521|12,135|41,656|
|Net book values|||||
|At 30September 2022|5,362|7,969|12,932|26,263|
|At 30September 2021|5,362|7,365|16,165|28,892|



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|Analysis ofm|ovement<br>ofcommercial<br>investments||
|---|---|---|
|||Listed|
|||investments|
|Market value|at 01|127,913|
|October 2021|||
|Net gain/(loss)|on|(14,555)|
|revaluation|||
|Market value|at 30|113,358|
|September 2022|||





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|15.Analysis<br>ofi||vestm|e|nts<br>between funds as at year ended 30September 2022|||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||||E|
|Unrestricted|funds||||||
|Listed investments|||||113,358|127,913|
||||||113,358|127,913|
|16.Debtors|||||||
||||||2022|2021|
|Amounts<br>due||within||one year:|||
|Trade debtors|||||12,985|2,077|
|Prepayments||and accrued income|||10,287|9,463|
||||||23,272|11,540|
|17.Creditors: amounts|||falling due within one year||||
||||||2022|2021|
|||||||E|
|Trade creditors|||||6,943|11,453|
|Other creditors|||||13,079|9,172|
|Accruals and|deferred|||income|2,862|5,260|
||||||22,884|25,885|
|18.Creditors: amounts|||falling due after more than one year||||
||||||2022|2021|
|||||||E|
|Accruals and deferred||||income||5.169|
|||||||5,169|



|Unrestricted<br>Funds||||||
|---|---|---|---|---|---|
||Balance at|Incoming|Outgoing|Gains and|Balance at|
||01/10/2021|resources|resources|losses|30/09/2022|
|General||||||
|General|479,866|258,390|(223,496)|(14,555)|500,205|
||479,866|258,390|(223,496)|(14,555)|500,205|
||12of 16|||||





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|Unrestricted<br>Funds - Previou|s year|||||
|---|---|---|---|---|---|
||Balance at|Incoming|Outgoing|Gains and|Balance at|
||01/10/2020|resources|resources|losses|30/09/2021|
|General||||||
|General|447,820|188,763|(165,350)|8,633|479,866|
||447,820|188,763|(165,350)|8,633|479,866|



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|To|support the|support the|charitable|activities ofthe Guild|||
|---|---|---|---|---|---|---|
|Restricted||Funds|||||
||||||Balance at|Balance at|
||||||01/10/2021|30I09/2022|
|Dalton|Fund||||1,653|1,653|
|Library|Fund||||23,934|23,934|
||||||25,587|25,587|
|Restricted||Funds|-Previous|year|||
||||||Balance at|Balance at|
||||||01/1OI2020|30/09/2021|
|Dalton|Fund||||1,653|1,653|
|Library|Fund||||23,934|23,934|
||||||25,587|25,58?|





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|Analysis o|f|net assets between<br>funds||||||
|---|---|---|---|---|---|---|---|
||||Tangible|Investments|Net current|Creditors )|Net Assets|
||||fixed assets||assets l|one year||
||||||(liabilities)|||
||||||K|||
|Unrestricted||funds||||||
|General||||||||
|General|||26,263|113,358|360,584||500,205|
|Restricted|funds|||||||
|Dalton Fund|||||1,653||1,653|
|Library|Fund||||23,934||23,934|
||||26,263|113,358|386,171||525,792|
|Previous year||||||||
||||Tangible|Investments|Net current|Creditors )|Net Assets|
||||fixed assets||assets I|one year||
||||||(liabilities)|||
|Unrestricted||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|(5,169)|505,453|





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|||2022|2021|
|---|---|---|---|
|INCONIE AND ENDOWIIENT||||
|Donations<br>and legacies||||
|General donations||5,737|21,561|
|Outreach<br>project donations||1,819|10,877|
|||7,556|32,438|
|Charitable<br>activities||||
|Guild Catering<br>Activities||49,907|40,543|
|Gift aid||8,573|8,109|
|||58,480|48,652|
|Other trading activities||||
|Income from Hall hire||75,694|10,970|
|Income from Hirers Catering||19,637|1,661|
|Income from Sundry income||579|1,103|
|||95,910|13,734|
|Investments||||
|Income from investment|properties|91,275|90,244|
|Income from listed investments||5,169|3,695|
|||96,444|93,939|
|Total incoming resources||258,390|188,763|
|EXPENDITURE||||
|Other trading<br>activities||||
|Staff costs —wages 8 salaries||(63,612)|(56,842)|
|Staff costs —social security costs||(1,490)|(971)|
|Staff costs —pension<br>contributions||{500)|(484)|
|Hirers Catering 8 Services||(5,846)|(862)|
|Premises costs||(13,517)|(10,610)|
|Insurance||(8,259)|(7,701)|
|Cleaning||(17,810)|(9,293)|
|Building<br>repairs<br>& maintenance||(16,175)|(4,341)|
|Office costs||(23,901)|(21,340)|
|Equipment<br>repairs||(4,465)|(2,874)|
|Training||(428)||
|||(156,003)|(115,318)|
|Charitable<br>activities||||
|Cost of direct charitable|activity|(16,493)|(9,616)|
|Staff costs - wages 8 salaries||(7,068)|(6,316)|
|Staff costs —social security costs||(166)|(108)|
|Staff costs<br>—pension<br>contributions||(56)|(54)|
|Building<br>repairs 8 maintenance||(5,392)|(1,447)|
|Premises expenses||(1,502)|{1,179)|
|Insurance||(918)|(856)|
|Equipment<br>repairs||(1,488)|(958)|
|Office costs||(2,656)|(2,371)|
|Cleaning||(1,979)|(1,033)|





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|Lettering<br>8 Portraits|||(783)|(1,428)|
|---|---|---|---|---|
|Library expenses|||(93)|(34)|
|Masters expenses|||(4,600)|176|
|Training|||(48)||
||||(43,242)|(25,224)|
|SUPPORT COSTS|||||
|Governance costs|||||
|Accountancy<br>fees|||(10,243)|(7,288)|
|Legal fees|||(3,628)|(2,019)|
|Depreciation<br>ofowned|assets||(5,225)|(5,883)|
|Other finance costs|||(707)|(582)|
|Treasurer|||(4,000)|(4,000)|
|Partial VAT Exemption|adjustments||(448)|(5,036)|
||||(24,251)|(24,808)|
|Total resources expended|||(223,496)|(165,350)|
|NET EXPENDITURE BEFORE||GAINS AND LOSSES|||
|Other recognised<br>gains|and|losses|||
|Gains/(loss)<br>on<br>revaluation||of investments|(14,555)|8,633|
||||(14,555)|8,633|
|Net income before gains|and|losses|(14,555)|8,633|
|Net Income|||20,339|32,046|