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2025-09-30-accounts

Company registration number: 00127931 Charity registration number: 313228

ART WORKERS GUILD TRUSTEES,LIMITED TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Chippendale and Clark

Art Workers Guild Trustees,Limited Contents

Page
Trustees' Report 1—5
Independent Examiner's Report 6
Statement of Financial Activities (including Income and Expenditure Account) 7
Comparative Statement of Financial Activities (including Income and Expenditure Account) 8
Statement of Financial Position 9
Notes to the Financial Statements 10—16
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities (including Income and Expenditure Account) 17—18

Art Workers Guild Trustees,Limited Company No. 00127931 Trustees' Report For The Year Ended 30 September 2025

The trustees present their report and the financial statements for the year ended 30 September 2025.

Objectives and Activities

Aims and Objectives

The principal objectives of the Company 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'.

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.

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.

Our new Fundraising Committee continues to actively raise funds to support the Guild in achieving it’s charitable aims and objectives.

The year ahead may prove challenging; interest rates and inflation 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 2025, the third and fourth floor flat was divided and separated into two flats. The original tenants remain on the fourth floor and we carried out a refurbishment of the third floor flat, which has now been let to new 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.

Public Benefit

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

Main Achievements

The Trustees and the Guild in general during the year to 30th September 2025, continued to pursue the objectives as 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, with Table Top 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.

...CONTINUED

Page 1

Art Workers Guild Trustees,Limited Trustees' Report (continued) For The Year Ended 30 September 2025

Main Achievements - continued

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. This year we worked with several organisations, including the London School of Architecture, the University for the Creative Arts, the London Film Academy and the New School of the Anthropocene.

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 a number of Primary Schools, 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. This year we worked with the following primary schools; St Saviour’s in Walthamstow, and School 360 and Sir John Heron in Newham.

Other Recent Activities

By these various means both the educational functions of the Trust and its obligations to the wider public benefit continued to be fulfilled.

Financial Review

Financial Position

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 £129,799.

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.

Structure, Governance and Management

Page 2

Art Workers Guild Trustees,Limited Trustees' Report (continued) For The Year Ended 30 September 2025

Governing Document

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. 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.

c. 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.

d. 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 eighteen months and two years 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.

e. Linked Charity - The Guild Chest

The Charity has a linked charity, The Chest of the Art Workers Guild (the “Linked Charity”), which is an unincorporated charity established for charitable purposes that are aligned with and supportive of the Charity’s objects. The Linked Charity is recorded as a linked charity on the Charity Commission Register and does not file separate statutory accounts.

The trustees of the Charity and the Linked Charity have an overlap in membership, which enables effective oversight and ensures that the activities of both entities are managed in a coordinated and consistent manner.

While each charity operates under its own governing document, the trusteeship provides assurance that the charities are administered in accordance with their respective charitable purposes and in the best interests of beneficiaries.

For financial reporting purposes, the results, assets and liabilities of the Linked Charity have been combined with those of the AWG Charity in these accounts, in accordance with the Charities SORP (FRS 102). All transactions between the Charity and the Linked Charity have been eliminated on consolidation.

The trustees keep the governance arrangements and continued need for the Linked Charity under regular review and are satisfied that the current structure remains appropriate and effective.

Trustee Selection Methods

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.

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.

Reference and Administrative Details

Trustees

Mr John Abel (resigned 14/02/2025) Mr Frederick Baier (resigned 14/02/2025) Mr Hannah Coulson

Page 3

Art Workers Guild Trustees,Limited Trustees' Report (continued) For The Year Ended 30 September 2025

Mr Alec McQuin Mr Jeremy Nichols Mr Robert Ryan Ms Tracey Sheppard Mr Simon Smith Mr Joseph Whitlock Blundell Mrs Charlotte Grierson (appointed 14/02/2025) Mrs Karen Butti (appointed 14/02/2025) Mr Eric Cartwright (appointed 14/02/2025)

Company Secretary

Mrs Leigh Milsom Fowler

Charity Number

313228

Company Number

00127931

Principal Address

6 Queens Square Bloomsbury London WC1N 3AT

Independent Examiner

Philip Clark Chippendale and Clark Chartered Management Accountants 7/8 Avon Reach Chippenham SN15 1EE

Page 4

Art Workers Guild Trustees,Limited Trustees' Report (continued) For The Year Ended 30 September 2025

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Alec McQuin

Alec McQuin (Jun 9, 2026 11:26:27 GMT+1)

Mr Alec McQuin

Trustee 09/06/2026

Page 5

Art Workers Guild Trustees,Limited Independent Examiner's Report to the Trustees of Art Workers Guild Trustees,Limited For The Year Ended 30 September 2025

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you 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 as 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 Examiner's Statement

Since the 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 because I am a member of The Chartered Institute of Management Accountants, 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:

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 09/06/2026 7/8 Avon Reach Chippenham SN15 1EE

Page 6

Art Workers Guild Trustees,Limited Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 September 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities:
Advance education in visual arts and crafts in any way which may be
beneficial to the community
Other trading activities
4
Investments
5
EXPENDITURE ON:
Raising funds
7
Charitable activities:
7
Advance education in visual arts and crafts in any way which may be
beneficial to the community
NET INCOME BEFORE INVESTMENT GAINS
Net gains/(losses) on investments
NET INCOME
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward as previously stated
Prior year adjustment
Total funds brought forward as restated
TOTAL FUNDS CARRIED FORWARD
17		 Unrestricted
funds
£
46,594
198,461
48,358
145,204		 Restricted
funds
£
1,479
-
-
2,397		 2025
Total funds
£
48,073
198,461
48,358
147,601		 2024
Total funds
£
71,057
195,521
47,962
158,497
438,617 3,876 442,493 473,037
(132,912)
(191,898)		 (419)
(2,500)		 (133,331)
(194,398)		 (241,354)
(79,776)
(324,810) (2,919) (327,729) (321,130)
113,807
15,992		 957
(2,134)		 114,764
13,858		 151,907
(2,848)
129,799 (1,177) 128,622 149,059
129,799
668,384
-
668,384		 (1,177)
31,587
53,862
85,449		 128,622
699,971
53,862
753,833		 149,059
550,912
-
550,912
798,183 84,272 882,455 699,971

The notes on pages 10 to 16 form part of these financial statements.

Page 7

Art Workers Guild Trustees,Limited Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 September 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities:
Advance education in visual arts and crafts in any way which may be beneficial to
the community
Other trading activities
4
Investments
5
EXPENDITURE ON:
Raising funds
7
Charitable activities:
7
Advance education in visual arts and crafts in any way which may be beneficial to
the community
NET INCOME BEFORE INVESTMENT GAINS
Net losses on investments
NET INCOME
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
17		 Unrestricted
funds
£
71,057
195,521
47,962
158,497		 Restricted
funds
£
-
-
-
-		 2024
Total funds
£
71,057
195,521
47,962
158,497
473,037 - 473,037
(241,354)
(79,776)		 -
-		 (241,354)
(79,776)
(321,130) - (321,130)
151,907
(2,848)		 -
-		 151,907
(2,848)
149,059 - 149,059
149,059
519,325		 -
31,587		 149,059
550,912
668,384 31,587 699,971

The notes on pages 10 to 16 form part of these financial statements.

Page 8

Art Workers Guild Trustees,Limited Statement of Financial Position As At 30 September 2025

Notes
FIXED ASSETS
Tangible Assets
11
Investments
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
Creditors: Amounts Falling Due Within One Year
14
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS OF THE CHARITY
Restricted Funds
Unrestricted Funds
TOTAL FUNDS
17		 Unrestricted
funds
£
54,155
421,856		 Restricted
funds
£
-
41,819		 2025
Total funds
£
54,155
463,675		 2024
Total funds
£
62,244
124,723
476,011
55,373
294,431		 41,819
-
43,239		 517,830
55,373
337,670		 186,967
31,594
524,001
349,804
(27,632)		 43,239
(786)		 393,043
(28,418)		 555,595
(42,591)
322,172 42,453 364,625 513,004
798,183 84,272 882,455 699,971
798,183 84,272 882,455 699,971
84,272
798,183		 31,587
668,384
882,455 699,971

For the year ending 30 September 2025 the charitable 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 in accordance with section 476 of the Companies Act 2006.

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.

On behalf of the board

Alec McQuin

Alec McQuin (Jun 9, 2026 11:26:27 GMT+1)

Mr Alec McQuin

Trustee 09/06/2026

The notes on pages 10 to 16 form part of these financial statements.

Page 9

Art Workers Guild Trustees,Limited Notes to the Financial Statements For The Year Ended 30 September 2025

1. General Information

Art Workers Guild Trustees,Limited is a company limited by guarantee, incorporated in England & Wales, registered number 00127931 and registered charity number 313228. The registered office is .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared 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" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Going Concern Disclosure

The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold 10% Straight Line Fixtures & Fittings 20% Reducing Balance Computer Equipment 20% Reducing Balance

2.4. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Income from Donations and Legacies

Donations and gifts
Gift aid
Donations and gifts
Gift aid		 Unrestricted
funds
£
36,933
9,661		 Restricted
funds
£
1,479
-		 2025
Total
funds
£
38,412
9,661
46,594 1,479 48,073
Unrestricted
funds
£
61,347
9,710		 Restricted
funds
£
-
-		 2024
Total
funds
£
61,347
9,710
71,057 - 71,057

Page 10

Art Workers Guild Trustees,Limited Notes to the Financial Statements (continued) For The Year Ended 30 September 2025

4. Income from Other Trading Activities

Income from other trading activities
Hall hire
Hirers Catering
.
Investment Income
Dividends from other fixed asset investments
Rental income from investment property
Dividends from other fixed asset investments
Rental income from investment property		 Unrestricted
funds
£
2,978
142,226		 2025
Unrestricted
funds
£
31
34,470
13,857		 2024
Unrestricted
funds
£
892
36,339
10,731
48,358 47,962
Restricted
funds
£
2,397
-		 2025
Total
funds
£
5,375
142,226
145,204 2,397 147,601
Unrestricted
funds
£
30,741
127,756		 Restricted
funds
£
-
-		 2024
Total
funds
£
30,741
127,756
158,497 - 158,497

5. Investment Income

6. Net Income/(Expenditure)

The net income is stated after charging/(crediting):

2025 2024
£ £
Bad debts - 665
Depreciation of tangible fixed assets - owned 9,651 10,021
Gain/Loss on disposal of tangible fixed assets - 655

Page 11

Art Workers Guild Trustees,Limited Notes to the Financial Statements (continued) For The Year Ended 30 September 2025

7. Analysis of Expenditure

Raising funds
Advance education in visual arts and crafts in any way which may be beneficial to the
community
Raising funds
Advance education in visual arts and crafts in any way which may be beneficial to the
community
.
Support Costs
Employee costs
Premises expenses
General administration
Depreciation
Interest payable
Governance costs		 Activities
undertaken
directly
£
83,720
119,385		 Support costs
(see note 8)
£
49,611
75,013		 2025
Total
£
133,331
194,398
203,105 124,624 327,729
Activities
undertaken
directly
£
143,875
46,140		 Support costs
(see note 8)
£
97,479
33,636		 2024
Total
£
241,354
79,776
190,015 131,115 321,130
Raising funds
£
35
24,076
17,098
-
751
7,651		 Advance
education in
visual arts and
crafts in any
way which may
be beneficial to
the community
£
90
30,063
29,426
9,651
-
5,783		 2025
Total
£
125
54,139
46,524
9,651
751
13,434
49,611 75,013 124,624

8. Support Costs

Page 12

Art Workers Guild Trustees,Limited Notes to the Financial Statements (continued) For The Year Ended 30 September 2025

Employee costs
Premises expenses
General administration
Depreciation
Interest payable
Governance costs
9.
Staff Costs
Staff costs were as follows:
Wages and salaries
Social security costs
Other pension costs		 Raising funds
£
225
48,543
40,009
-
810
7,892		 Raising funds
£
225
48,543
40,009
-
810
7,892		 Advance
education in
visual arts and
crafts in any
way which may
be beneficial to
the community
£
25
7,021
5,874
10,676
-
10,040		 2024
Total
£
250
55,564
45,883
10,676
810
17,932
97,479 33,636 131,115
2025
£
105,909
5,568
2,741
114,218		 2024
£
101,590
3,480
2,353
107,423

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

10. Average Number of Employees

Average number of employees during the year was: 3 (2024: 3)

11. Tangible Assets

1.
Tangible Assets
Cost
As at 1 October 2024
Additions
As at 30 September 2025
Depreciation
As at 1 October 2024
Provided during the period
As at 30 September 2025		 Land &
Property
Freehold
£
51,839
-		 Fixtures &
Fittings
£
34,612
1,562		 Computer
Equipment
£
33,586
-		 Total
£
120,037
1,562
51,839 36,174 33,586 121,599
10,368
5,184		 18,415
-		 29,010
4,467		 57,793
9,651
15,552 18,415 33,477 67,444
...CONTINUED

Page 13

Art Workers Guild Trustees,Limited Notes to the Financial Statements (continued) For The Year Ended 30 September 2025

Net Book Value
As at 30 September 2025
As at 1 October 2024
12.
Investments
Cost or Valuation
As at 1 October 2024
Additions
As at 30 September 2025
Provision
As at 1 October 2024
As at 30 September 2025
Net Book Value
As at 30 September 2025
As at 1 October 2024
13.
Debtors
Due within one year
Trade debtors
Other debtors
14.
Creditors: Amounts Falling Due Within One Year
Trade creditors
Other creditors
Taxation and social security
Accruals and deferred income		 36,287 17,759 17,759 109 54,155
41,471 16,197 4,576 62,244
2025
£
34,631
20,742
55,373
2025
£
10,859
800
9,241
7,518
28,418		 Listed
£
124,723
338,952
463,675
-
-
463,675
124,723
2024
£
10,495
21,099
31,594
2024
£
11,099
800
7,124
23,568
42,591

Page 14

Art Workers Guild Trustees,Limited Notes to the Financial Statements (continued) For The Year Ended 30 September 2025

15. Deferred Income

Deferred income movements in the year were as follows:

Balance at the start of the period
Income deferred in the current period
Amounts released in income from previous periods
Balance at the end of the period		 2025
£
12,825
-
(12,825)		 2024
£
-
12,825
-
- 12,825

16. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £2,741 (2024: £2,353).

17. Movement in Funds

Unrestricted funds
General:
General unrestricted fund
Restricted funds
Dalton Fund
Library Fund
Outreach Fund
Chest fund
Total restricted funds
Total funds
Unrestricted funds
General:
General unrestricted fund
Restricted funds
Dalton Fund		 As at 1
October 2024
£
668,384
1,653
23,934
6,000
-		 Prior year
adjustment
£
-
-
-
-
53,862		 Income
£
438,617
-
-
-
3,876		 Expenditure
£
(308,818)
-
-
-
(5,053)		 As at 30
September
2025
£
798,183
1,653
23,934
6,000
52,685
31,587 53,862 3,876 (5,053) 84,272
699,971 53,862 442,493 (313,871) 882,455
As at 1
October 2023
£
519,325
1,653		 Income
£
473,037
-		 Expenditure
£
(323,978)
-		 As at 30
September
2024
£
668,384
1,653
...CONTINUED

Page 15

Art Workers Guild Trustees,Limited Notes to the Financial Statements (continued) For The Year Ended 30 September 2025

Library Fund
Outreach Fund
Total restricted funds
Total funds		 23,934
6,000		 -
-		 -
-		 23,934
6,000
31,587 - - 31,587
550,912 473,037 (323,978) 699,971

18. Transactions with Trustees

During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:

2025 2024
£ £
Other Expenses 4,000 -

19. Related Party Disclosures

A treasurers honorarium of £4000 was paid to Mr Alec McQuinn during the year

20. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

21. Linked Charity Note

The charity has a linked unincorporated charity, Chest of the Art Workers Guild (Charity number 313228-1).

The financial activities, assets and liabilities of the linked charity have been introduced this year and aggregated with those of the charitable company and included within these financial statements in line with the Charity SORP.

Page 16

Art Workers Guild Trustees,Limited Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 September 2025

INCOME AND ENDOWMENTS FROM:
Donations and legacies
Donations and gifts
Gift aid
Charitable Activities:
Advance education in visual arts and crafts in any way which may be beneficial to the community
Events
Income from Subscriptions
Income from other Guild activities
Hall hire (primary purpose)
Hirers Catering (primary purpose)
Other trading activities
Income from other trading activities
Hall hire
Hirers Catering
Investments
Dividends from other fixed asset investments
Rental income from investment property
EXPENDITURE ON:
Raising funds
Hirers Catering & services
Event expenses (inc Outreach)
Subcontractor costs
Wages and salaries
Employers NI
Employers pensions - defined contribution schemes
Staff training
Rates
Light and heat
Repairs and maintenance
Cleaning
Insurance
Telecommunications and data costs
Bad debts written off
Sundry expenses
Bank charges		 2025
Total
funds
£
38,412
9,661		 2024
Total
funds
£
61,347
9,710
71,057
500
48,384
5,427
109,016
32,194
195,521
892
36,339
10,731
47,962
30,741
127,756
158,497
473,037
(20,876)
(3,992)
(22,326)
(91,431)
(3,132)
(2,118)
(225)
(6,979)
(8,293)
(7,323)
(25,948)
(10,795)
(28,486)
(665)
(63)
(810)
...CONTINUED
48,073
648
48,557
6,015
117,157
26,084
198,461
31
34,470
13,857
48,358
5,375
142,226
147,601
442,493
(20,525)
-
(11,797)
(47,659)
(2,505)
(1,234)
(35)
(3,778)
(5,193)
(2,994)
(12,111)
(5,538)
(11,560)
-
-
(751)

Page 17

Art Workers Guild Trustees,Limited Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued) For The Year Ended 30 September 2025

Accountancy fees
Legal fees
Charitable Activities:
Advance education in visual arts and crafts in any way which may be beneficial to the community
Master expenses & outings
AWG Catering
Chest distributions
Event expenses (inc Outreach)
Subcontractor costs
Wages and salaries
Employers NI
Employers pensions - defined contribution schemes
Staff training
Rates
Light and heat
Repairs and maintenance
Cleaning
Insurance
Printing, postage and stationery
Telecommunications and data costs
Sundry expenses
Depreciation
Loss on disposal of tangible fixed assets
Trustees' expenses
Partial VAT exemption
NET INCOME BEFORE INVESTMENT GAINS
Net gains/(losses) on investments
Surplus/(deficit) on revaluation of investments
NET INCOME		 (7,082)
(569)		 (7,124)
(768)
(133,331)
(2,588)
(7,385)
(2,500)
(29,673)
(14,419)
(58,250)
(3,063)
(1,507)
(90)
(3,778)
(5,194)
(8,980)
(12,111)
(5,539)
(955)
(22,932)
-
(9,651)
-
(4,000)
(1,783)		 (241,354)
(4,145)
(8,957)
-
(19,815)
(2,481)
(10,159)
(348)
(235)
(25)
(776)
(921)
(2,441)
(2,883)
(1,200)
(1,502)
(3,165)
(7)
(10,021)
(655)
(8,000)
(2,040)
(194,398) (79,776)
(327,729) (321,130)
114,764
13,858		 151,907
(2,848)
13,858 (2,848)
128,622 149,059

Page 18

2026.06.08 - Updated Final Artworkers accounts to 30th September 2025

Final Audit Report

2026-06-09

Created: 2026-06-09 By: Leigh Milsom Fowler (leigh@artworkersguild.org) Status: Signed Transaction ID: CBJCHBCAABAAKKQhacbKKpYgJLuuLVy39EjvzfuUoS58

"2026.06.08 - Updated Final Artworkers accounts to 30th Septe mber 2025" History

Document created by Leigh Milsom Fowler (leigh@artworkersguild.org)

2026-06-09 - 9:49:47 AM GMT

Document emailed to alec@alecmcquin.co.uk for signature

2026-06-09 - 9:53:41 AM GMT

Email viewed by alec@alecmcquin.co.uk

2026-06-09 - 10:23:40 AM GMT

Signer alec@alecmcquin.co.uk entered name at signing as Alec McQuin

2026-06-09 - 10:26:25 AM GMT

Document e-signed by Alec McQuin (alec@alecmcquin.co.uk)

Signature Date: 2026-06-09 - 10:26:27 AM GMT - Time Source: server - Signature Appearance Selected: TYPE

Agreement completed.

2026-06-09 - 10:26:27 AM GMT