Charity number: 313228
Company number: 00127931
(England and Wales)
Art Workers Guild Trustees Limited
Report of the Trustees and Unaudited Financial Statements
For the year ended 30 September 2024
Art Workers Guild Trustees Limited Contents Page For the year ended 30 September 2024
|Report of the Trustees|1 to 4|
|---|---|
|Independent Examiner's Report to the Trustees|5|
|Statement of Financial Activities|6|
|Statement of Financial Position|7|
|Notes to the Financial Statements|8 to 15|
|Detailed Statement of Financial Activities|16 to 17|
## Art Workers Guild Trustees Limited Report of the Trustees
## For the year ended 30 September 2024
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 30 September 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Chair's report**
STRUCTURE, GOVERNANCE AND MANAGEMENT
## a. Constitution
The Company is registered as a charitable Company limited by shares and was set up by a Memorandum of Association on 25th March 1913.
The Memorandum of Association was modified by special resolutions passed on 19 December 1951, 29 September 1971 and 27 June 1996.
The principal objects for which the Company is established are:
'To advance education in all the visual arts and crafts, by means of lectures, meetings, demonstrations, discussions and other methods, and to foster and to maintain high standards of design and craftsmanship in all branches of the visual arts and crafts in any way which may be beneficial to the 'community'.
## b. Method of Appointment or Election of Trustees
The management of the Company is the responsibility of the nominated Trustees who are elected from within the Brethren of the Guild. The most recent Past Master, the Present Master, and the Master Elect are also co-opted as Trustees.
## c. Policies adopted for the induction and training of Trustees
The Company considers that each Brother appointed to be a Trustee and Director of the Company is a specialist in their own field and is of sufficient high standing in the community to be eligible to carry out their duties as such.
## d. Organisational Structure and Decision Makings
The day-to-day running of the Company, its affairs and its property are delegated to the Guild Secretary Leigh Milsom Fowler who is in daily contact with the Directors and Trustees of the Company where this is needed for any major decision -making. Company policy is decided at Board Meetings.
## e. Risk Management
The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations, property, and finances of the Company, and are satisfied that systems and procedures are in place to mitigate their exposure to all major risks. There is an official risk management policy in place which is reviewed annually.
## f. Reserves Policy
It is the policy of the Charity that unrestricted funds may be made available for any emergency/crisis situation, at a minimum level equivalent to between six to twelve months of operating expenditure.
Included in undesignated funds are the cash in the bank account, bank deposits and investments. The property asset is not available to spend, as the Charity operates from its premises and earned rent is used in its operating activities.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The principal objectives of the Company are as already stated above. Progress towards achievement of these objectives is reviewed regularly at Board Meetings. An annual budget is prepared in order to monitor the financial performance of the Company throughout the annual accounting period.
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
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## Art Workers Guild Trustees Limited Report of the Trustees Continued
For the year ended 30 September 2024
## **ACHIEVEMENTS AND PERFORMANCE**
The Trust's principal objectives are above.
The Trustees and the Guild in general during the year to 30th September 2024, continued to pursue the objectives detailed below:
The Guild building was open throughout the year for room hiring and the Guild continued to function extremely well.
A programme of lectures and meetings was maintained throughout the year, along with a series of exhibitions of members' work. The Guild opened its doors to the public for London Craft Week in May, with an exhibition and series of demonstrations and talks; in September, during Open House Weekend, for an exhibition and demonstrations from our new Creative Connections initiative; and in October with Tabletop Museums, where members and the public exhibited individual collections of weird and wonderful objects.
Usually more than 100 other arts groups use the Hall for their own meetings and enjoy suitable discounts from the commercial hiring fees, where their purposes align with those of the Guild. The hiring of the rooms has now returned to the pre-Covid levels with many new organisations taking advantage of the facilities on offer.
In recent years, the Guild has also undertaken a varied and wide-ranging Outreach programme of practical workshops, exhibitions, demonstrations, collaborative projects, and discussions. The programme brings the diverse skills of our members to a broad range of people including students, educators and academics, policy makers, medical professionals, scientists and engineers, families, young people, and refugees. The Guild's aim is for everyone who participates to gain an insight into the many ways in which craftsmanship and making nurture creative thinking, and how these can play an important role in everyone's life.
## Key projects:
## Useful Parallels
Useful Parallels comprises a day of cross disciplinary workshops, demonstrations and discussions for creative arts students, academics, and refugees, led by our members. Designed to open up ideas and skills, participants engage with makers, handling tools and materials, and having a go, as well as hearing how they have developed their work and their thinking, and how they make their living.
## Creative Connections
Creative Connections is a year-long programme for creative people who are beginning to establish themselves professionally. Besides connecting with Guild members, participants are given the opportunity to build supportive networks among themselves and to develop the skills needed for a successful professional practice. Workshops, talks and discussions provide opportunities to share insights and ideas and to navigate the challenges of sustaining a career.
## Schools project
We have built partnerships with Primary Schools in Newham and Winchester, in which Guild members run craft sessions for children. The aim is to help the children develop their motor skills, introduce them and their families to the ways in which children can express their innate creativity, to the idea that careers in the arts are viable options for their futures, and to help with their general social and emotional development.
## Other Recent Activities
- Participation in the All-Party Parliamentary Group on Craft. - Collaboration with community textile group East London Textile Arts, in the form of exhibitions and discussion events.
- 1 day seminar for makers of marionettes and puppets, identified as an endangered craft by the Heritage Craft Association.
By these various means both the educational functions of the Trust and its obligations to the wider public benefit continued to be fulfilled.
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## Art Workers Guild Trustees Limited Report of the Trustees Continued
For the year ended 30 September 2024
## **Significant activities**
## FUNDRAISING
The Directors pursue an investment policy, which provides revenue for its current purposes and enhances income and capital growth over the longer term, thereby enabling them to meet their current and future objectives in accordance with the aims and objectives of the Art Workers' Guild.
A new Fundraising Committee was formed during the year and held its first event in October 2024. This proved to be very successful along with personal approaches made to individual potential donors by members of the Committee
The year ahead may prove challenging; interest rates, inflation and a new Government may influence the general economic climate, and this may have an impact on all charities, including the Art Workers' Guild.
We are fortunate that our major building programme is now complete and that financially, with the continued support of our membership, we are in a positive position.
## BUILDINGS
Between 2013 and 2018, the Guild undertook major restoration work on the Hall and the inner courtyard. The approach to the Hall is now greatly improved and includes toilets and a ramp for wheelchair users. The courtyard itself is now covered with a glazed vaulted roof, which has increased the space available for exhibitions and break-out groups. External works were then completed including refurbishment of all windows. In 2020 we refurbished and refitted the library, fitted railings to the external steps and refurbished the laundry room.
During 2023, we carried out a major refurbishment of the basement flat, which has now been let to tenants.
All day-to-day maintenance and statutory building requirements have also been completed.
In addition, regular maintenance has been carried out on a planned and continuing basis to ensure the building remains fit for purpose.
## **FINANCIAL REVIEW**
The statement of financial activities splits the income between voluntary income, funds-generating income, investment income and resources from charitable activities. The net incoming resources available for unrestricted charitable purposes amounted this year to £149,059.
Unrealised losses or gains on investments are as shown on the Statement of Financial Activities.
Resources expended are split between fund-raising expenses, charitable activities, and governance costs.
The Art Workers' Guild is a viable and successful charity and continues to strive to fulfil its aims and objectives.
The continuing review of all our administrative and financial processes, including our software and technology continued during the year and the Trustees implemented many of the proposed changes, resulting in the Charity becoming more efficient and effective, enabling the services we provide to our members and the wider community to be enhanced.
A big thank you must again go to our staff for their unstinting support and to our membership for their continued loyalty.
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
**Name of Charity** Art Workers Guild Trustees Limited **Charity registration number** 313228 **Company registration number** 00127931 **Principal address** 6 Queen Square Bloomsbury London WC1N 3AT
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Art Workers Guild Trustees Limited Report of the Trustees Continued For the year ended 30 September 2024
## **Trustees**
The trustees and officers serving during the year and since the year end were as follows:
Mr A McQuin
## **Trustees**
The trustees and officers serving during the year and since the year end were as follows:
## **Trustees**
The trustees and officers serving during the year and since the year end were as follows:
## **Independent examiners**
Mr J Abel Ms C Spalding (: 10 February 2024) Ms T Sheppard Mr M Winstanley Mr J Nichols Ms H Coulson Mr F Baier Mr R Ryan Mr J Blundell Mr S Smith (Appointed: 10 February 2024) Chippendale and Clark First Floor, Absol House Ivy Road Industrial Estate Chippenham SN15 1SB
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Mr A McQuin
4 of 17
## Art Workers Guild Trustees Limited
## Independent Examiners Report to the Trustees
## For the year ended 30 September 2024
I report to the trustees on my examination of the accounts of the charitable company for the year ended 30 September 2024.
## **Responsibilities and basis of report**
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiners statement**
Since the Charitable company's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of , which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Philip Clark
ACMA Chippendale and Clark First Floor, Absol House Ivy Road Industrial Estate Chippenham SN15 1SB
27 January 2025
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## Art Workers Guild Trustees Limited
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 September 2024
|**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activites
4
Investments
5
**Total**
**Expenditure on:**
Raising funds
6/7
Charitable activities
8/9
**Total**
Net gains/(losses) on investments
**Other recognised gains/losses**
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
61,350
64,021
189,171
158,497
**473,039**
(229,365)
(91,767)
**(321,132)**
(2,848)
**149,059**
519,325
**668,384**|**Restricted**
**funds**
**£**
-
-
-
-
**-**
-
-
**-**
-
**-**
31,587
**31,587**|**2024**
**£**
61,350
64,021
189,171
158,497
**473,039**
(229,365)
(91,767)
**(321,132)**
(2,848)
**149,059**
550,912
**699,971**|**2023**
**£**
9,848
62,520
155,675
118,187|
|---|---|---|---|---|
|||||**346,230**|
|||||(234,639)
(90,287)|
|||||**(324,926)**|
|||||3,816|
|||||**25,120**|
|||||525,792|
|||||**550,912**|
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00127931
Registered Number :
## Art Workers Guild Trustees Limited Statement of Financial Position As at 30 September 2024
||**Notes**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
|**Fixed assets**||||
|Tangible assets|14|62,244|63,376|
|Investments|15/16|124,723|116,764|
|||**186,967**|**180,140**|
|**Current assets**||||
|Debtors|17|31,594|2,535|
|Cash at bank and in hand||524,004|403,139|
|||**555,598**|**405,674**|
|**Creditors: amounts falling due within one year**|18|(42,594)|(34,902)|
|**Net current assets**||**513,004**|**370,772**|
|**Total assets less current liabilities**||**699,971**|**550,912**|
|**Net assets**||**699,971**|**550,912**|
|**The funds of the charity**||||
|Restricted income funds|19|31,587|31,587|
|Unrestricted income funds|19|668,384|519,325|
|**Total funds**||**699,971**|**550,912**|
For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of 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,
- The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
- records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr A McQuin Trustee
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## Art Workers Guild Trustees Limited Notes to the Financial Statements
For the year ended 30 September 2024
## **1. Accounting Policies**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Art Workers Guild Trustees Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **Going concern**
The trustees are confident that this charity is a going concern and the financial position reflects this. As such the accounts have been prepared on a going concern basis.
## **2. Income from donations and legacies**
|**Unrestricted funds**
Donations received
Grants received
**ncome from charitable activities**
**Unrestricted funds**
_Advance education in visual arts_
_and crafts in any way which may_
_be beneficial to the community_
Guild Catering Activities
Gift aid|**2024**
**£**
60,613
737
**61,350**
**2024**
**£**
54,311
9,710
**64,021**
**64,021**|**2023**
**£**
8,548
1,300|
|---|---|---|
|||**9,848**|
|||**2023**
**£**
53,362
9,158|
|||**62,520**|
|||**62,520**|
## **3. Income from charitable activities**
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## Art Workers Guild Trustees Limited Notes to the Financial Statements Continued For the year ended 30 September 2024
## **4. Income earned from other activities**
|**Unrestricted funds**
Hall hire
Hirers Catering
Sundry income
**nvestment income**
**Unrestricted funds**
Income from investment
properties
Income from listed investments
**xpenditure on generating donations and legacies**
**Unrestricted funds**
Donations
**xpenditure on other trading activities**
**Unrestricted funds**
Non-charitable trading activities|**2024**
**£**
145,354
42,925
892
**189,171**
**2024**
**£**
127,756
30,741
**158,497**
**2024**
**£**
48
**48**
**2024**
**£**
229,317
**229,317**|**2023**
**£**
122,609
32,278
788|
|---|---|---|
|||**155,675**|
|||**2023**
**£**
104,252
13,935|
|||**118,187**|
|||**2023**
**£**
-|
|||**-**|
|||**2023**
**£**
234,639|
|||**234,639**|
## **5. Investment income**
## **6. Expenditure on generating donations and legacies**
## **7. Expenditure on other trading activities**
9 of 17
## Art Workers Guild Trustees Limited
## Notes to the Financial Statements Continued For the year ended 30 September 2024
## **8. Costs of charitable activities by fund type**
|**Unrestricted funds**
Advance education in visual arts
and crafts in any way which may
be beneficial to the community
Support costs
**osts of charitable activities by activity type**
**Activities undertaken directly**
Advance education in visual arts
and crafts in any way which may
be beneficial to the community
**Analysis of support costs**
Governance costs
**Net income/(expenditure) for the year**
This is stated after charging/(crediting):
Depreciation of owned fixed assets
Accountancy fees
Staff pension contributions
(Gain)/Loss on disposal of tangible fixed assets|**2023**
**2024**
**£**
**£**
65,866
63,004
24,421
28,763
**90,287**
**91,767**
**2023**
**2024**
**£**
**£**
91,767
90,287
**2023**
**2024**
**£**
**£**
28,763
24,421
**2024**
**2023**
**£**
**£**
10,021
9,364
7,124
11,954
2,353
1,008
655
-|
|---|---|
## **9. Costs of charitable activities by activity type**
## **10. Analysis of support costs**
## **11. Net income/(expenditure) for the year**
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## Art Workers Guild Trustees Limited
## Notes to the Financial Statements Continued
For the year ended 30 September 2024
## **12. Staff costs and emoluments**
Total staff costs for the year ended 30 September 2024 were:
|Total staff costs for the year ended 30 September 2024 were:|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Salaries and wages|126,398|143,886|
|Social security costs|3,480|2,180|
|Pension costs|2,353|1,008|
||**132,231**|**147,074**|
||**2024**|**2023**|
|No of Employees|3|4|
||**3**|**4**|
## **13. Comparative for the Statement of Financial Activities**
||**Unrestricted**|**Restricted**|**2023**|
|---|---|---|---|
||**funds**|**funds**||
||**£**|**£**|**£**|
|**Income and endowments from:**||||
|Donations and legacies|3,848|6,000|9,848|
|Charitable activities|62,520|-|62,520|
|Other trading activites|155,675|-|155,675|
|Investments|118,187|-|118,187|
|**Total**|**340,230**|**6,000**|**346,230**|
|**Expenditure on:**||||
|Raising funds|(234,639)|-|(234,639)|
|Charitable activities|(90,287)|-|(90,287)|
|**Total**|**(324,926)**|**-**|**(324,926)**|
|Net gains/(losses) on investments|3,816|-|3,816|
|**Other recognised gains/losses**||||
|**Net movement in funds**|**19,120**|**6,000**|**25,120**|
|**Reconciliation of funds**||||
|Total funds brought forward|500,205|25,587|525,792|
|**Total funds carried forward**|**519,325**|**31,587**|**550,912**|
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## Art Workers Guild Trustees Limited
## Notes to the Financial Statements Continued
## For the year ended 30 September 2024
## **14. Tangible fixed assets**
|**Cost or valuation**
At 01 October 2023
Additions
Disposals
At 30 September 2024
**Depreciation**
At 01 October 2023
Disposals
Charge for year
At 30 September 2024
**Net book values**
At 30 September 2024
At 30 September 2023|**Land and**
**Buildings**
**£**
51,839
-
-
**51,839**
5,184
-
5,184
**10,368**
**41,471**
**46,655**|**Office**
**equipment**
**£**
37,490
-
(3,904)
**33,586**
31,115
(3,249)
1,144
**29,010**
**4,576**
**6,375**|**Fixtures and**
**Fittings**
**£**
25,067
9,545
-
**34,612**
14,721
-
3,694
**18,415**
**16,197**
**10,346**|**Total**
**£**
114,396
9,545
(3,904)|
|---|---|---|---|---|
|||||**120,037**|
|||||51,020
(3,249)
10,022|
|||||**57,793**|
|||||**62,244**|
|||||**63,376**|
## **Investments**
## **15. Analysis of movement of commercial investments**
|Market value at 01
October 2023
Net gain/(loss) on
revaluation
Market value at 30
September 2024|**Listed**
**investments**
**£**
116,764
7,959|
|---|---|
||**124,723**|
|||
## **16. Analysis of investments between funds as at year ended 30 September 2024**
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|**Unrestricted funds**|||
|Listed investments|124,723|116,764|
||**124,723**|**116,764**|
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## Art Workers Guild Trustees Limited Notes to the Financial Statements Continued
For the year ended 30 September 2024
## **17. Debtors**
|**Debtors**|||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|**Amounts due within one year:**|||
|Trade debtors|10,495|8,796|
|Prepayments and accrued income|21,099|11,389|
|Other debtors|-|(17,650)|
||**31,594**|**2,535**|
## **18. Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**|||
|---|---|---|
|Trade creditors
Other creditors
Accruals and deferred income|**2024**
**£**
11,102
7,924
23,568
**42,594**|**2023**
**£**
11,358
22,355
1,189|
|||**34,902**|
## **19. Movement in funds**
## **Unrestricted Funds**
|**Unrestricted Funds**||||||
|---|---|---|---|---|---|
|_General_
General
**Unrestricted Funds - Previous year**
_General_
General|**Balance at**
**01/10/2023**
**£**
519,325
**519,325**
**Balance at**
**01/10/2022**
**£**
500,205
**500,205**|**Incoming**
**resources**
**£**
473,039
**473,039**
**Incoming**
**resources**
**£**
340,230
**340,230**|**Outgoing**
**resources**
**£**
(321,132)
**(321,132)**
**Outgoing**
**resources**
**£**
(324,926)
**(324,926)**|**Gains and**
**losses**
**£**
(2,848)
**(2,848)**
**Gains and**
**losses**
**£**
3,816
**3,816**|**Balance at**
**30/09/2024**
**£**
668,384|
||||||**668,384**|
||||||**Balance at**
**30/09/2023**
**£**
519,325|
||||||**519,325**|
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Art Workers Guild Trustees Limited Notes to the Financial Statements Continued
## For the year ended 30 September 2024
## **Purpose of unrestricted Funds**
## General
To support the charitable activities of the Guild
## **Restricted Funds**
|Dalton Fund
Library Fund
Outreach Fund
**Restricted Funds - Previous year**
Dalton Fund
Library Fund
Outreach Fund|**Balance at**
**01/10/2023**
**£**
1,653
23,934
6,000
**31,587**
**Balance at**
**01/10/2022**
**£**
1,653
23,934
-
**25,587**|**Incoming**
**resources**
**£**
-
-
-
**-**
**Incoming**
**resources**
**£**
-
-
6,000
**6,000**|**Balance at**
**30/09/2024**
**£**
1,653
23,934
6,000|
|---|---|---|---|
||||**31,587**|
||||**Balance at**
**30/09/2023**
**£**
1,653
23,934
6,000|
||||**31,587**|
## **Purpose of restricted funds**
Dalton Fund
To fund Dalton related events
## Building Fund
To fund the Guild's building maintenance and improvements
Library Fund
To fund the Guild's library
## Outreach Fund
To fund outreach activities of the charity
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## Art Workers Guild Trustees Limited Notes to the Financial Statements Continued
For the year ended 30 September 2024
## **20. Analysis of net assets between funds**
||**Tangible**|**Investments**|**Net current**|**Net Assets**|
|---|---|---|---|---|
||**fixed assets**||**assets /**||
||||**(liabilities)**||
||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||
|_General_|||||
|General|62,244|124,723|481,417|668,384|
|**Restricted funds**|||||
|Dalton Fund|-|-|1,653|1,653|
|Library Fund|-|-|23,934|23,934|
|Outreach Fund|-|-|6,000|6,000|
||**62,244**|**124,723**|**513,004**|**699,971**|
|**Previous year**|||||
||**Tangible**|**Investments**|**Net current**|**Net Assets**|
||**fixed assets**||**assets /**||
||||**(liabilities)**||
||**£**|**£**|**£**|**£**|
|**Unrestricted funds**|||||
|_General_|||||
|General|63,376|116,764|339,185|519,325|
|**Restricted funds**|||||
|Dalton Fund|-|-|1,653|1,653|
|Library Fund|-|-|23,934|23,934|
|Outreach Fund|-|-|6,000|6,000|
||**63,376**|**116,764**|**370,772**|**550,912**|
15 of 17
## Art Workers Guild Trustees Limited Detailed Statement of Financial Activities For the year ended 30 September 2024
|**INCOME AND ENDOWMENT**
**Donations and legacies**
General donations
Outreach project donations
**Charitable activities**
Guild Catering Activities
Gift aid
**Other trading activities**
Income from Hall hire
Income from Hirers Catering
Income from Sundry income
**Investments**
Income from investment properties
Income from listed investments
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Fundraising expenses
**Other trading activities**
Staff costs - wages & salaries
Staff costs - social security costs
Staff costs - pension contributions
Loss on disposal - tangible fixed assets
Hirers Catering & Services
Premises costs
Insurance
Cleaning
Building repairs & maintenance
Office costs
Equipment repairs
Training
Bad debts
**Charitable activities**
Cost of direct charitable activity
Staff costs - wages & salaries
Staff costs - social security costs
Staff costs - pension contributions|**£**
**2024**
60,613
737
**61,350**
54,311
9,710
**64,021**
145,354
42,925
892
**189,171**
127,756
30,741
**158,497**
**473,039**
(48)
**(48)**
(113,758)
(3,132)
(2,118)
(655)
(20,876)
(15,272)
(10,795)
(25,948)
(2,676)
(28,550)
(4,647)
(225)
(665)
**(229,317)**
(32,716)
(12,640)
(348)
(235)|**£**
**2023**
8,548
1,300|
|---|---|---|
|||**9,848**
53,362
9,158|
|||**62,520**
122,609
32,278
788|
|||**155,675**
104,252
13,935|
|||**118,187**|
|||**346,230**
-|
|||**-**
(129,497)
(1,962)
(907)
-
(10,040)
(12,662)
(8,987)
(20,813)
(8,264)
(34,163)
(4,895)
(2,449)
-|
|||**(234,639)**
(33,288)
(14,389)
(218)
(101)|
16 of 17
This page does not form part of the statutory financial statements
## Art Workers Guild Trustees Limited
## Detailed Statement of Financial Activities Continued
## For the year ended 30 September 2024
|Building repairs & maintenance
Premises expenses
Insurance
Equipment repairs
Office costs
Cleaning
Lettering & Portraits
Library expenses
Masters expenses
Training
**SUPPORT COSTS**
**Governance costs**
Accountancy fees
Legal fees
Depreciation of owned assets
Other finance costs
Treasurer
Partial VAT Exemption adjustments
**Total resources expended**
**NET EXPENDITURE BEFORE GAINS AND LOSSES**
**Other recognised gains and losses**
Gains/(loss) on revaluation of investments
**Net income before gains and losses**
**Net Income**|(892)
(1,697)
(1,200)
(1,549)
(3,172)
(2,883)
(1,488)
(14)
(4,145)
(25)
**(63,004)**
(7,124)
(768)
(10,021)
(810)
(8,000)
(2,040)
**(28,763)**
**(321,132)**
(2,848)
**(2,848)**
**(2,848)**
**149,059**|(2,755)
(1,407)
(999)
(1,632)
(3,796)
(2,313)
(1,140)
(103)
(3,453)
(272)|
|---|---|---|
|||**(65,866)**
(11,954)
(7,775)
(9,364)
(795)
-
5,467|
|||**(24,421)**|
|||**(324,926)**
3,816|
|||**3,816**|
|||**3,816**|
|||**25,120**|
17 of 17
This page does not form part of the statutory financial statements
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