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 - Participation in the All-Party Parliamentary Group on Craft. - ‘A Celebrations of Marionettes’, a day of displays, talks, demonstrations and short performances exploring and raising awareness on marionettes and marionette making; now identified as an endangered craft by the Heritage Craft Association. - The delivery of three Salon of Doubt events, creating a space for creative people to share ideas, discuss projects, and explore their excitement, fears, and uncertainties about their work. 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: - �. 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 accounting 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 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