Company Registration Number 03929839 Registered Charity Number 1088975 QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) REPORT AND ACCOUNTS For the year ending 31 March 2025
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name Queen's Hall Arts Limiled Charity registration number 1088975 Company registration number 03929839 Registered office Queens Hall Arts Centre, Beaumont street, Hexham, Northumberland. NE46 3LS Trustees For the purposes of the Companies Act 2006, the Board of Trustees is the Board of Directors of the charitable company and is referred to as the Trustees Ihroughout this report. The Trustees of Queen's Hall Arts during the period and to the date of signing this report are as follows.. Rachel Adam Jessica Armstrong Simon Beckwith Susan Bubic Dr Suzanne Fairless-Aitken Carly Foster Ceri Gibson Addison Keen Angeline Lucas Garry Lyons Dr Anthony Newton Lynn Turner (Chair) Appointed 1 June 2024 Appointed 1 June 2024 Appointed 1 June 2024 Resigned 13 June 2025 Resigned 21 September 2024 Company Secretary Katy Taylor Auditors Cocke, Vellacott & Hill, Chartered Accountants, Unit 28 City Bu%iness Centre. Lower Road. London. SE16 2XB Bankers Barclays Bank Plc, Priestpopple, Hexham, Northumberland NE46 1PE Solicitors Nicholson Portnell, Priestpopple Northumberland NE46 1 PL House, Hexham.
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2025 The Trustees, who are also Directors for the purposes of company law, present their report and the audited financial statements of the charity for the year ended 31 March 2025. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Documents QLteen's Hall Arts is a charitable company limited by guarantee. incorporated on 21 February 2000 and registered as a charity on 19 Ociober 2001. The charity is controlled by ils governing document, its Memorandum & Articles of Association, as amended by Special Resolutions dated August 2001 and 20 May 2009 and constitutes a limited company, limited by guarantee, as defined by the Companies Act. The Directors of the company are also Trustees of the charity. Eligibility for membership of the charity, and membership of the Board of Trustees, is governed by the Articles of Association. There are no restrictions in the governing document on the operation of the charity other than those imposed by general charity law. Structure and Governance The Board of Directors, which can have between 5 -12 members, administers the charity. 1 Member is nominated by Northumberland County Council (NCC) with between 4 and 11 Members elected by resolution in a General Meeting andlor co-opted at a meeting of the Board. The charity currently has a Boafd of 10 non-executive Trustees. The Board meets approximately every 3 months and there are committees covering Finance & Risk, Operations and External Relations which meet regularly Additionally, there are working groups which act in an advisory capacity. A Chief Executive, the Artistic Director, is appointed by the Trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the Artistic Director has delegated authority, within terms of delegation approved by the Trustees, for operational matters including finance. employment and artistic programme. The Gharity has a close relationship with Northumberland County Council and Arts Council England. These two bodies provide essential core funding to the company. Ongoing funding is subject to annual reviews and agreements on performance targets. The Queen's Hall, where the bulk of the company's activities take place, is leased from Northumberland County Council. at a peppercorn rent. The company operates sub-leases al the Queen's Hall to: Customer Services, Northumberland CC. cafe operators. which under the terms of its lease is required to provide agreed levels of service to arts Gentre users (in addition to its independent COTnmercial operations). small start-up companies in the Creative Spaces area. There is no strLbCtural connection between the charity and these companies.
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT For the year ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED) Recruitment and Appointment of Board of Trustees The recruitment of new members is periodically undertaken by the Board. which follows an open and fair recruitment process taking due account of the skills needed by the company and the desire for its membership to reflect the diversity of the local population. Nominees appointed by the Local Authority are subject to the appointment processes of this body and the guidelines on appointment to public office as they apply to local government nominees. Trustee Induction and Training New Trustees are inducted by the Chair and Artistic Director and are provided with a range of resources to support their understanding of Queen's Hall Arts. activities. Trustee training is delivered either Ihrough external advisors or charity members of staff. Reserves Policy The Trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission, having reviewed the risks facing the organisation. seeking to maintain a level of reserves which enables the charity to operate effectively with financial stability and the means to fulfil its charitable purpose. The Trustees aim to hold a level of Unrestricted Funds which enables the charity to have sufficient working capital to continue to operate and also reflects the risks associated with shortfalls in funding, especially withdrawal of support from existing funders. If alternative sources of funding were not forthcoming, then this amount would provide the means for Queen's Hall Arts to settle any outstanding corslracts 2nd close the company in an orderly manner The Trustees anticipate the free Unrestricted Funds needed to fulfil these Griteria as £60,000 as a minimum. The Trustees then aspire to retain an additional allowance of £20.000 as a further contingency and to enable the charity to respond flexibly to issues or appropriate initiatives which might be identified outside of its annual budgeting process. Tho taroèl lov•1 cTrf fra# Unr4>Rtrie.tAd FLJnd2 iq thorefore in the range of £60.000 to £80,000 The charity's total Unrestricted Funds at 31 March 2025 are £611,278 (2024.. £706,909).
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED) Free Reserves, defined as non-designaled Unre51ricted Funds minus the value of Unrestricted Tangible Fixed Assets of £681,720, are £{70,442) and therefore fall below the target range. The Trustees aim, through their budgeting processes. to restore Free Reserves to within the target range within 5 years. The Board regularly reviews the level of reseNes that are required to ensure that they are adequate to fulfil our continuing abligations and to allow the organisation to fulfil its charitable purpose. Grant Making Policy The charity does not currently engage in grant-making activity, other than the occasional award of small bursaries. The Contribution of Volunteers The charity normally works with approximately 25 volunteers per year. OBJECTIVES AND ACTIVITIES Charitable Purpose The Objects of the chafily are to advance pubSiG education and appreciation in the arts in all their forms, particularly but not exclusively. for the benefit of the people in the countries of Northumberland, Cumbria, Tyne and Wear and Durham through the provision, maintenance and management of Queen's Hall Arts Centre, Hexham and by any other charitable means that the trustees may from time to time think fit. Mission & Vision In 2016 a new mission statement was agreed by the Trustees. This informed delivery subsequently provided the structure for successful medium-term funding bids to Arts CounGil England and Northumberland County Council. OUR MISSION is to be the creative heart of the community, delivering great arts experiences and supporting professional and aspiring artists. THE CREATIVE HEART OF THE COMMUNITY a} A welcoming and stimulating environment for all to experience a broad range of arts activities. b} Theatre. studio and gallery spaces and other resources at the Queen's Hall Arts Centre for the presentation of work to the highest possible standard. c) A focal point for cultural organisations where links and partnerships can be developed. d) Engagement with the full diversity of our community. e} Resources that can be easily accessed by a large rural catchment.
QUEEN'S HALL ARTS {A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2025 OBJECTIVES AND ACTIVITIES (CONTINUED) Mission and Vision (Cont.) GREAT ARTS EXPERIENCES a) A range of shows. exhibitions and other events that are both entertaining and stimulating. b) High quality touring work from across the country {and beyond) that reflects the diversity and range of contemporary arts interests in Britain. c) In-house and commissioned work that is informed by a relationship with the community. d) Participatory activities that are fulfilling and develop skills. e) Great events and other activities across West Northumberland (and beyond). SUPPORTING PROFESSIONAL AND ASPIRING ARTISTS a) Commissions, productions & co-productions. b) Residencies. c) Mentoring and other long-term support. d) Training and skills development opportunities. e) A high proportion of our work with and for young people. fj Technical and organisational support for artists opening new productions. g) Networking. collaborating and taking part in partnership initiatives. h) Programming new and challenging work. il Contributing to a viable arts ecology, regionally and nationally. Queen's Hall Arts, vision statement is to develop high quality arts provision at the Queen's Hall Arts Centre that will enrich and serve local and outreached communities, developing a creativé future for Public Benefit The Trustees understand and have discussed the implications of the provisions of the Charities Act 2006, which state that all charities must demonstrate that they are established for public benefit, and have had due regard to the public benefit guidanGe issued by the Charity Commission. The Trustees believe that the charity meets both of the key principles. Principle 1- There must be an identifiable benefit, or benefits Queen's Hall Arts is committed to the educational and soci21 advancements that benefit from its activities and to making those activities as accessible as possible. We provide year-round participatory activities both in community and educational settings. The artistic programme at the arts centre includes a range of events which reflect a wide variely of local interests. creating opportunities for audiences and performers. Our ticket pricing policy includes discounts to sludents, and those on low incomes. Exhibitions in the gallery are free. We provide and subsidise outreached events to small communities across a large part of Northumberland. Principle 2 - Benefit must be to the public. or a section of the public
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT For the year ended 31 March 2025 OBJECTIVES AND ACTIVITIES (CONTINUED) Public Benefit (Cont.) Queen's Hall Arts, work is available to all members of the public. Risk Management The Trustees will continue to conduct an annual risk management review and put in place any required plans or procedures. As licensed premises the Queen's Hall is subject to regular inspection from statutory and other regulatory bodies to ensure compliance and good practice in a number of areas including health and safety. environmental health, and management of performing rights. Financial reports are produced by management on a quarterly basis and presented to board meetings, These reports are also subject to scrutiny by the Finance and Risk Committee. The Trustees consider the key risks facing the charity at this time and the mitigating actions taken to be as follows.. Workload of core staff and freelance team becomes unmanageable.. Monthly check-ins in place to identify any workload issues at early stage and implemenl mitigating actions. Annual activity of company mapped out to understand any potential 'pinch-points' and additional resourcelstaffing built into project budgets and arranged as required. RealistlG time f rames built into all projects Health and wellbeing of team prioritised to ensure 3 Positive and supporting working culture. Not achieving audience targets.. Focus on regional touring and strong audience development work with local audiences and community partners. Developing a robust marketing plan for the organisation and for every project. Sales reports are monitored and acted on in good time if not at target. Projected income from tickets sales reflects the current financial climate. Long-term absence of Director, other Senior Management or Trustees due to resignation or illness.. Development of Senior Management Team supports absences. Increasing the number of Trustees improve5 resilience and Trustee succession planning, as well as providing consistently. Not achieving income targets (trusts and foundations. earned income, individual giving).. Uncertainty around long-term impact on Trusts and Foundations funding mitigated through building relationships with existing funders, and making applications to new funders, to build on previous fundraising success. Opportunities to diversity income further are currently being explored through consideration of increased individual giving and sponsorship opportunities.
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT For the year ended 31 March 2025 OBJECTIVES AND ACTIVITIES {CONTINUED) Risk Management (Cont.) Increased footfall in the venue will increase maintenance costs.. Monitored by the Senior Management Team and reported to the Operations Sub-committee. Increased venue levy added to key performances to support additional costs A more confident strategy of ticket pricing for commercial and touring work Clear donation messaging within the building to encourage donations Strategic piogramming of early-years shows in the studio space as first experiences for urseries and families Cost of Living crisis impacts operations.. Increases to salaries and freelance rates of pay have been accounted for in 2025-26 budget. Projects realistically budgeted and contingencies increased and utilised as required. Regular financial monitoring by Senior Management Team and Finance and Risk Committee. Compliance with legislationlregulalions appropriate to the activities, size and structure of the charity: Balanced Board including experienced Trustees, an annual Board calendar with applicable requirements noted, responsibilities assigned and monitored. The Trustees also manage the general finanGial risks arising by ensuring that-. Prudent budgets have been set for the next financial year The charily maintains a prudent, low-cost operating base Regular management accounts are provided, showing the performance against budget Contingency plans are in place should income levels appear unlikely to reach targets Reserves policies have been adopted which provide an appropriate level of uncommitted reserves which will enable the charity to meet its liabilities. ACHIEVEMENTS AND PERFORMANCE Facing Forward: Creativity, Connection, and Community Impact In 2024125, Queen's Hall Arts (QHA) continued to demonstrate resilience, creativity, and community focus amid avolving challenges. Oijr work is guidÈd by our mission to.. Be the creative heart of the community Enable great art experiences Support professional and aspiring artists This year's report reflects our continued growth. our strengthening partnerships, and our commitment to inclusivity and opportunity for all. From bold new festivals to expanded youth engagement, we have deepened QHA'S role as a cultural cornerstone in Hexham, the Tyne Valley, and beyond.
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) Summary of Major Achievements Over the past year, QHA delivered an ambitious and diverse programme of performances, festivals, exhibitions, and participatory projects. We commissioned new work, nurtured emerging artists, and celebrated inclusivity through community-led initiatives. Our programme engaged audiences of all ages. while supporting professional pathways for young people and Greating vital opportunities for underrepresented groups. In 2024125, we welcomed over 102,000 visits across 738 performances, workshops. and exhibitions, cementing our role as a vibrant creative hub for Hexham and the wider Northumberland community. We supported more than 36 freelancers, ensuring local creative professionals have opportunities to thrive in a professional environment. Highlights included the launch of Inspire Festival in partnership with Dance City, our fourth Lantern Parade with Gateway into the Community. and the culmination of the youth-led Key Change project. We also played host to Hexham Book Festival's Schools Week. major exhibitions such as Heartwood in partnership with the National Trust, and continued the much-loved Illuminated Sheep project along Hadrian s Wall. Expanding Our Reach and Community Engagement Community connection remained at the heart of our work. Lantern Parade brought together nearly 100 members of Gateway into the Community to create a spectacular train lantern, reinforcing creativity as a tool for inclusion. Hexham Pride celebrated its second year with a jowul parade and performances, shaped by a community steering group. Through initiatives like the Priory School Project, we deepened our commitment to accessibility. providing meaningful engagement for children with severe learn ing disabilities. We also ensured accessibility through free ticket distribution via Rosie's Corner and the Food Bank. and inclusive events like Krokod ile Club, a sell-out disco for adults with learning disabilities. Showcasing the Arts and Our Region This year. our stages and galleries reflected both global perspectives and local creativity.. Christmas Productions: Two commissioned shows by Kitchen Zoo Jack and the Beaiislalk and The Nighl Sefore Chrismoiise exceeded ticket targets and delighted audiences. Exhibitions. From the powerful Heartwood Sycamore Gap tribute to Drawing lor the Planet Chimpanzge Commu171ty, QHA amplified environmental and cultural voices across generations and borders. Performance Spaces.. We expanded artistic opportunities by transforming our bar and foyer into regular spaces for visual arts and community performances.
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT For the year ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE {CONTINUED) Key Project Highlights of 2024125 Inspire Festival.. Celebrated movement and creativity for older adults, with taster classes, community sharings. and discussions. Illuminated Sheep.. Expanded along Hadrian's Wall. with commtjnities adopting 50 sheep including four schools participating. The project continues to capture imaginations regionally and nationally. Key Change Takeover.. Youth-led event with 250 participants. developing leadership and Greative skills. Summer Engagement.. From a Theatre Summer School to space-themed family workshops and nature journaling, we ensured QHA remained active throughout the summer holidays Residencies & Touring- Hosting companies like Rendez-vaus Dance, Elysium Theatre {Othello}, and Anthony Lo Guidice strengthened our role as a creative hub for artists and companies within the North East. Equality, Diversity, and Inclusion This year we continued to embed inclusivity in our programming and organisational practices.. Hexham Pride grew in scale and impact, co-designed with the LGBTQAl+ community. Priory School Project improved our accessibility offer and will lead to staff Makaton training. Krokodile Club proved the demand for accessible nightclub experiences. Free tickets, family-friendly exhibitions like Christmas Chill. and collaborative projects ensured access for those most in need. Skills, Career Development, and Young People Nurturing the next generation of creatives and audiences remained a priority.. Youth Theatre Summer School built confidence and performance skills. supported by volunteers. School Engagement.. 150 Year 7 pupils visiled QHA for backstage tours and workshops, while 90 Haydon Bridge students attended Othello. Work Experience & A-Level Showcase.. We hosted placements and exhibited student work, celebrating young talent. Key Change Youth Project continued with workshops in songwriting, beatboxing, and sound recording. Film & Screen Club- A new National Saturday Club initiative, supported by BFI funding. will develop film and screen skills for 13-16-year-olds. Addressing Pressures and Building Sustainability In a changing funding and economic landscape, QHA sustained momentum through..
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE {CONTINUED) Addressing Pressures and Building Sustainability (Cont.) Expanded partnerships with organisations including Dance City, the National Trust. and Elysium Theatre. Diversified revenue strearns from bar, retail, and hires. Investment in staffing, accessibility training, and governance. Financial Review The out-turn for the year is an unrestricted deficit of £95,631 (2024: Def icit £101 ,800). The deficit will be deducted from Unrestricted Funds, leaving a balance on Unrestricted Funds at 31 March 2025 of £611,278. The financial environment in 2024125 continued to present significant challenges for Queen's Hall Arts. Ongoing international instability and the cost-of-living crisis sustained high levels of unpredictability, requiring us to remain agile in our financial planning. Rising energy prices and increased supplier costs continued lo put pressure on our operating budget, alongside essential building maintenance. At the close of the first year of our new five-year plan, co-created by the Board and staff. we are already seeing the positive results of our "invest to save" approach. Revenue has grown, and we have been able to increase investment in both our infrastructure and our people. These strategic choices are strengthening the organisation's foundations for long-term sustainability. Despite external pressures, audiences continue to grow, licket sales are rising, and demand for our participation programmes remains strong. This resilience underlines the value our communities place on Queen's Hall and gives us confidence to move forward with careful but ambitious planning. PLANS FOR THE FUTURE Ambitions and Challenges for 2025126 As we move into the second year of our five-yèar plan. we are committed to building on the successes of 2024125 with renewed focus on growth, resilience. and sustainability. The year ahead represents a crucial moment for us to deepen our impact as a creative hub and to ensure our cultural, social, and economic contribution to the Tyne Valley and the wider North East region. We will.. Deepen and broaden partnerships across the North East 2nd beyond, fostering collatiorations that expand our reach, strengthen our resources, and amplify our role within the regional cultural ecosystem. Enhance opportunities for young people and emerging artists, investing in the next generation of creativity by providing platforms 10
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT For the year ended 31 March 2025 PLANS FOR THE FUTURE (CONTINUED) Ambitions and Challenges for 2025126 {Cont.) Strengthen engagement with schools, with an emphasis on effeclive project management of arts learning and participation. Continue lo embed inclusivity and accessibility across our work, ensuring our programme5, spaces, and opportunities remain welcoming and relevant to all communities. Continue to grow audiences for our Christmas programme, while exploring innovative ways to attract and retain wider audiences year-round. Increase donations and philanthrcpic support by demonstrating the value of our free gallery activity and ensuring audiences and supporters understand the vital role their conlributions play in sustaining cultural life. Drive forward the Hexham Arts Town initiative, taking a leadership role and aligning our activities with the wider ambition of positioning Hexham as a vibrant centre of creativity. Build on the progress already made through our'invest to save approach, by improving and sustaining our infrastructure through a programme of building repairs and by seeking additional funding to safeguard our Arts Centre for the future. Embed environmental thinking at the core of our strategic planning, not only reducing our own footprint but also sharing learning and practice across the sector to inspire wider change.
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT For the year ended 31 March 2025 RESPONSlelLITIES OF THE TRUSTEES The Trustees Iwho are also the Directors of Queen's Hall Arts for the purposes of company laivl are responsible for preparing the Trustees. Annual Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting S13ndards (United Kir)gdom Generally Accepted Accounting Practice) Company law require5 the Truslees to prepare financial slalenienls for each financial year Whch give a true and fair view of the slate of affairs of the charilable company and of the inconiing resources and application of resources, including the Income and expenditure, of the charitable corTipany for that period In preparing these financial slalemenls, the Trustees are required lo- seleci suitable accounting policies and then apply them consislenlly-, observe the methods and principles in the Charities SORP, make judgments and estimates that are reasonable and prudent, slate whether applicable UK A¢counling Standards have been followed. subject lo ariy material departures disclosed and explained in Ihe financial statements. prepare the financial slalemenls on the going concern basis unless Il is Inappropriate lo presume that the chaiilable company will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any lime the financial position of the charitable company and enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities_ Signed on behalf of the Trustees Lynn Turner Trustee Comoany Reolstration Nlumbor 03929839 October 2025
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) AUDITORS, REPORT For the year ended 31 March 2025 Opinion We have audited the financial slatementg of Queen's Hall Arts for the year ended 31 March 2025 which comprise the staleinenl of financial activities: summary income and expenditure. balance slieel, statement of cash flows and notes to the financial statements including a summary of significant accounting policies. The financial framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of I reland" In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 31 March 2025, and of its incoming resources and application of resources for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs {UKI) and applicable law. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statement5 section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually Of collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not coverthe other information and, except to the extent otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other infof mation is materially inconsistent with the financial statements. or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatemenls. we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 13
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) AUDITORS, REPORT For the year ended 31 March 2025 Matters on which wg are required to report by exception We have nothing to repcrt in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if in our opinion.. the information given in the financial statements is inconsistent in any material respecl with the trustees, report., or adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branGhes not ViSlted by us- or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trustees. responsibilities statement set out on page 10 the trustees (who are also directors of the charity for the purposes of company law} are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and ale considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Extent to which the audit was considered capable of detecting irregularities, including fraud Irregularities. including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud. is detailed below. We have obtained an understanding of the charity's policies, procedures and activities through discussions with senior management and during our site visit. 14
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) AUDITORS, REPORT For the year ended 31 March 2025 We also diew on our existing understanding of the work that the charity does and reviewed available third party information about the charity. We understand that the charity complies with its responsibilities through c105e involvement of the CEO in the day lo day running of the business and regular liaison between her and the Chair of trustees. Were there any litigation or claims they would come to the attentien of the CEO directly. The charity also holds quarterly board meetings and quarterly Finance and Risk Committee meetings at which all such matters are discussed. Financial and governance matters are discussed in detail along with attendance trends and future strategy. We have reviewed the minutes of all board meetings, and no irregularities were identified. In the context of the audit. we considered those laws and regulations which determine the form and content of the financial statements, which are central to the charity's ability to conduct business and where failure to comply could resull in material penalties. We have considered the disclosure requirements of the Charities Act 2011, along with the Charities SORP FRS102 and the Charities (Accounts and Reports) Regulations 2008 as part of our finalisation processes. We discussed the possibility of fraud with senior management and whether they had any knowledge of any actual, alleged or suspected fraud. We designed our audit tests to cover all areas of activity at the centre. In common with all audits under ISAS (UK) we also performed specific procedures to respond to the risk of management override. We assessed that the charity's control environment is adequate for the size and operating model of suGh a charity. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.org.uklauditorsresponsibi1ities. This description forms part of our auditor's report. Use of our report This report is made solely to the charity's members, as 2 body, in accordance part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charily's memtsers tnose matters we are requireu to state to inem In an auditoi's report and for no other PLtrpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity's members as a body, for our audit work. for this report, or for the opinions we have formed. COCKE, VELLACOTT & HILL Chartered Accountants and Statutory Auditor Unit 15 City Business Centre Lower Road LONDON SE16 2XB Date.. October 2025 Cocke, Vellacott & Hill is eligib5e for appointment as auditor of the charity by virtue of its eligibility for appointment a5 auditor of a company under section 1212 of the Companies Act. 15
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Note Unrestricted Restricted Funds Funds Total 2025 Total 2024 Income Income from Investments 1,109 1.109 1,120 Income from Grants, Donations & Legacies 221,614 109,698 331,312 412,524 Income from Charitable Activities 629,435 629,435 580,860 Other Income 159,508 159,508 59,247 Total Income 1,011,666 109,698 1,121,364 1,053,751 Expenditurè Cost of Raising Funds 3,750 Expenditure on Charitable Activities 1,107,297 136,823 1,244,120 1,211,986 Total Expenditure 1,107,297 136,823 1,244,120 1,215,736 Net Incomel(Expenditurel (95,631) (27,125) 1122,756) (161,985) Balance brought fomard at 1 April 706,909 45,740 752,649 914,634 Balance carried forward at 31 March £611,278 £18,615 £629,893 £752,649 The notes on pages 18 to 30 form part of the financial statements. All of the activities of the company are classed as continuing. The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. 16
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE} STATEMENT OF FINANCIAL POSITIONIBALANCE SHEET ASA T31 MARCH 2025 2025 2024 Fixed Assets Tangible Fixed Assets Notes 10 681,720 731,483 Current Assets Slocks Debtors Cash Al Bank & In Hand 2,977 58,S67 58,364 120,008 2848 122,277 70,768 195,893 Creditors- Amount5 Falling Due Within 1 Year (171,8351 1174,727) Nel Current Asselsl(Liabililies) Total Net Asset5 (51,827) 21.166 14 £629,893 £752,649 Represented by: Unrestricted Funds 15 611.278 706,909 Restricted Funds 15 18.615 45.740 £629,893 £752,649 The notes on pages 1810 30 fomi part of the financial stalemenls. The Trustees are satisfied that for the year ended 31 March 2025 the charity was enlilled lo exemplion under 5eclion 47712) ol the Companies Act 2006 The Trustees also confirm that the Members have not required Ihe charity lo obtain an audit in accordance with section 47E¥ of the Companies Act 2006 The Trustees acknowledge their responsibilities for.. lil ensuring that Ihe charity keeps adequate acco¢Jnling records which comply with section 386 of the Act. and lill pieparing financial statemen15 which give a true and fair view of the stale of affair5 of the charity as al the end of the financial year and ol ils profil or loss for the financial year in accordance with the requiremenls of section 393, and which olherwise cornply with the requirements of the Acl relaling lo financial sialemenls. so far as applicable to the cttarity. These financial statements were approved and signed by a Member of the Board of Trustees on October 2025. Lynn Turner Trustee Company Registratlon Number 03929839
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting Policies Basis of Accounting These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 -'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland, {'FRS 102,), and with the Companies Act 2006 and the Statement of Recommended Practice (Charities SORP FRS 102) Accounting and Reporting by Charities" and the Charities Act 2011. The financial statements have been prepared on the historical cost basis, modified to include certain financial instruments at fair value. Advantage has been taken of the provisions in the SORP for Charilies applying FRS 102 Update 8ulletin 1 not to prepare a statement of cashflows. The financial statements are prepared in sterling, which is the functional currency of the charity. Taxation Status Queen's Hall Arts Limited is a Charity registered under the 1960 Charities Act and is accorded exemption from liability lo taxation on ils income under S505 Income and Corporation Taxes Act 1988. Going Concern There are no material uncertainties about the charity's ability to continue. Income All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy The following specific policios aro appliod to particular catC9orics of incomc.. Donations and legacy income is received by way of (fonations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is nol conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Investment income is included when receivable. Income from charitable trading activity is accounted for when earned. Other income is accounted for when receivable. 18
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting Policies {Continuedl Operating Leases The charity classifies the lease of certain types of equipment as operating leases as the title to the equipment remains with Ihe lessor. Rental charges are charged against income on a straight-line basis over the period of the lease. Tangible Fixed Assets and Depreciation Depreciation is provided on any fixed assets at rates calculaled to write off the assets over their remaining useful lives as follows.. Motor Vehicles Plant & Machinery Fixtures & Fittings Long Leasehold Property Improvements 250/0 Straight line on cost 1 OO/u Straight line on cost 25 /0 Straight line on cosl 10 % straight line on cost l OQ/o Straight line on cost A full year's depieciation charge is applied in the year of acquisilion and no charge is made in the year of disposal. Impairment of Fixed Assets A review for indicalors of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accorclingly. Prior impairments are also reviewed for possible reversal at each reporting date. FinanGial Instrument5 A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recogni5ed at the amount receivable 01 payable including any related transaction c05t5. Current assets and current liabilities are subsequently measured at the cash or other Gonsioerdlion expeGteQ to be pal(J or reIVed and not aisLounleii. Debt instruments are subsequently measured at amortised cost where there is a material adjustment. Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Designated funds are unrestricted funds earmarked by the trustees for specific purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting Policies {Continuedl Stocks Stocks are valued at the lower of cost and net realisable value. after making dtje 3llow3nce for obsolete and slow moving items. Judgements and Key Sources of Estimation Uncertainty The preparation of the financial statements requires management lo make judgements, estimates and assumptions that affect the amounts reported These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the ciicumslances. There are no significantjudgements or estimation uncertainty included within the fiiiancial slatements. Pensions The charity operates a defined benefit pension Scheme for 1 qualifying employee. The scheme is not open for others to join. The assets of the scheme are held separately from those of the charity in an independently administered fund. Pension benefits for other staff are provided through a defined contribution scheme. The assets of the scheme are held separately from those of the company in a separately administered fund. The charity makes contributions to this pension scheme and acts as an agent in collecting and paying over both the employee and employer contributions. For both schemes, the charity makes contributions to this pension scheme and acts as an agent in collecting and paying over both the employee and employef contributions, whilst the amount charged lo the Statement of Financial Activities for pension costs is the contiibulions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the Balance Sheet. Legal Status The charity is a company limited by guarantee and has no share capital. The liability of each member in the event ofwinding up is limited to £1. The company law members of the charity are the members of its Board of Trustees. Income from Investments Unrestricted Restricted Funds Funds 2025 2024 Interest Receivable 1,109 £1,109 1,109 £1,109 1,120 £1,120 The 2024 total of £1,120 was wholly attributable to Unrestricted Funds. 20
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Income from Grants, Donations & Legacies Unrestricted Restricted Funds Funds 2025 2024 Arts Council England (ACE) Portfolia Organisalion 29th May 1961 Charitable Trust - Roof Repairs Arts Society- 8ook Festival Intern Community Foundation The Future Is Now Hadrian Trust- Youth Theatre Historic England - Beneath Our Feet National Foundation for Youth Music - Key Change Project 2024 National Foundation for Youth Music - Key Change Project 2025 National Saturday Club Delivery of National Film and Screen Saturday Club Northumberland County Council INCC) NCC - Building Survey ContribLttion NCC Members. local improvement scheme NCC - Ignite NTCA - Illuminated Sheep NTCA - Lanterns Scop Arts Trust- Elastic Band Expansion The Prime Fund & Thornton Family Grassroots Fund - Hexham Priory School Project National 120,321 120,321 120,321 6.000 3,000 10,000 10,000 1,000 1.750 43.120 9.800 9.800 40,768 5,000 5,000 86,200 86,200 5,900 3,683 120,008 5,900 3,683 2,253 36,244 29,178 18,757 29.105 1,800 4,000 18,757 29,105 1,800 4,000 206.521 88.045 294.566 404.242 Donations & Gift Aid Smith (Hallwhistle and District} Charitable Trust Other Donations & Gift Aid 600 600 600 14,493 15,093 21,653 21,653 36,146 36,746 8,282 £221,614 £109,698 £331,312 £412,524 Of the 2024 total of £412,524, £247,479 was attributable to Unrestricted Funds and £165.045 to Restricted Funds. 21
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Income from Charitable Activities Unrestricted Restricted Funds Funds 2025 2024 Ticket Sales & Commission Consultancy & Project Fees ThealrelRoom Hire & Library Service Charges Front of House Sales & Commission Recharge Income 472.910 14,200 116.999 472,910 14,200 116,999 140,440 414,004 10,116 15.210 629,435 10,116 8,854 15,210 17,562 629,435 £580,860 The 2024 total of £580,860 was wholly attributable to Unrestricted Funds. Other Income Unrestricted Restricted Funds Funds 2025 2024 Museums & Galleries Exhibition l Theatre Tax Relief Other Income Café & Ice Cream Sales Café Franchise & Service Charges 63,142 63.142 5,050 79,356 11,960 £159,508 5.050 79,356 11.960 £159,508 2,250 49,197 7,800 £59,247 The 2024 total of £59,247 was wholly attributable lo Unrestricted Funds. Expenditure on Raislng Funds Unrestricted Restricted Funds Fund5 2025 2024 Fundraising Consultancy 3,750 £3,750 The 2024 total of £3,750 was wholly attributable to Unrestricted Funds. 22
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on Charitable Activities Unrestricted Restricted Funds Funds Total 2025 Total 2024 Cost of Sales Advertising, Design & Publicity Box Office Sofvarelcard Charge5 Exhibition Costs Film Costs Freelance Fees Front Of House Costs Performance Fees & Settlements Project & Activity Expenditure Purchaseslstock Salaries & On Costs 37,410 33,366 7,460 3,487 11.706 360 364,212 37,410 33,366 8,472 4.792 13,076 360 364.212 114,861 36.024 389,009 1,001,582 49,190 30,728 11,036 7,102 12,516 7,434 233.157 245,962 28,471 319,302 944,898 1,012 1,305 1.370 114,861 36.024 382,634 876,659 6,375 124,923 Support Costs BuildinglEquipment Maintenance Depreciation & Amortisalion Heat, Light & Water ICT, Telephone & Websile Insurance Other Premises Costs Other Administration & Running Costs 31,765 58,488 76,053 8,076 13,585 13,147 19,820 220,934 31,765 58,488 76,053 8.076 13,585 13,147 19.820 220,934 25,469 57,472 99,137 33,917 9,390 7,564 17,226 250,175 Governance Costs Acco(Intancy & AudiUExamination Legal & Professional Trustee Meeting Costs 7,605 1,790 309 9,704 7,605 13.690 309 21,604 11,250 5.642 21 16,913 11.900 11,900 £1,107,297 £136,823 £1,244,120 £1,211,986 Of the 2024 total of £1.211,986, £986.756 was attributable to Unrestricted FLtnds and £225.230 to Restrioted Funds. 23
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Net Incomel(Expenditure) 2025 2024 Net incomel(expenditurel is stated after chargingl(crediting I.. Auditor's Fees Depreciation of owned Fixed Assels 4,500 58,488 5,000 57,472 Staff Costs & Trustees, Remuneration 2025 2024 Gross Salary Costs Employer's National InsuranGe Employer's Pension Contributions 355,914 290,954 19,915 16,368 13,180 11,980 £389,009 £319,302 No employee received remuneration of more than £60,000 during the year (2024 Nill. The charity defines Key Management Personnel as the Trustees and the members of the Senior Management Team. Remuneration of £144,750 (2024.. £127.398), including employer's pension contributions. was paid by the charity dLJring the year to Key Management Personnel. The average number of staff employed during the year, calculated as full-time equivalents, was as follows.. 2025 2024 No. 16 Artistic Production and Support 16 The charity operates a defined benefit pension scheme for all qualifying employees (1 Employee). The scheme is not open for others to join. The assets of the scheme are held separately from those of the charity in an independently administered fund. Pension benefits for other staff are provided through a NEST Group Person21 Pension Scheme, which is a defined contribution scheme. The assets of the scheme are held separately from those of the company in a separately administered fund. The charily makes contributions to thi5 pension scheme and acts as an agent in collecting and paying over both the employee and employer contributions. 24
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Staff Costs & Trustees, Remuneration (Cont.) In the year lo 31 March 2025 Queen's Hall Arts made an employer's contribution of 3 % of pensionable pay, provided that the employee makes a minimum contribution of 5¥0. These amounts are paid over to the scheme on a monthly basis. No contributions were outstanding at 31 March 2025 (2024: £Nill. The charge lo profil and loss in respect ofall pension schemes was £13,18012024- £11,980). No remuneration has been paid to any TrusteeslDirectors in the year {2024.. £Nil}. No reimbursement has been made of any Travel and Subsistence expenses to Trustees in respect of their attendance at meetings of the charity (2024.. £Nil). 25
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 10. Tangible Fixed Assets Leasehold Improvements Plant & Machinery Cost At 1 April 2024 Additions At 31 March 2025 950,583 61,381 7,763 69,144 950.583 Depreciation At 1 April 2024 Charge for year At 31 March 2025 258,818 32,320 291,138 46,586 2,420 49,006 Net Book Value At 31 March 2025 £659,445 £20,138 At 1 April 2024 £691,765 £14.795 Fixtures & Fittings Total Fixed Assets Cost At 1 April 2024 Additions At 31 March 2025 162,148 962 163,110 1,174,112 8.725 1,182,837 Depreciation At 1 April 2024 Charge foi. year At 31 March 2025 137,225 23,74B 160,973 442,629 58,488 501,117 Net Book Value At 31 March 2025 £2,137 £681,720 At 1 April 2024 £24,923 £731.483 26
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 11. Stock 2025 2024 Finished Goods for Resale 2,977 £2,977 2,848 £2,848 12. Debtors 2025 2024 Trade Debtors Grant Debtors Other Debtors Accrued Income Prepayments 8,121 17,043 11,309 9,477 12,717 £58,667 28,694 57.253 12,750 10,865 12,715 £122,277 13. Creditors- Amounts Falling Due Within 1 Year 2025 2024 Other Taxes & Social Security Costs Income Received In Advan Trade Creditors other Creditors Accruals 13,237 13,318 9,855 70,629 64,796 £171,835 18,513 136 43,146 54,530 58,402 £174,727 14. Analysis of Net Assets between Funds Unrestrlcted Restricted Funds Funds Total 2025 Total 2024 Fixed Assets Stock Debtor5 Cash at Bank and In Hand Creditors - Amounts Due Within 1 Year 681.720 2.977 41,624 55,345 170.388 £611,278 681.720 731.483 2,977 2,848 17,043 58,667 122.277 3,019 58.364 70,768 1.447 171,835 174,727 £18,615 £629,893 £762,649 27
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 15. Analysis of Charitable Funds Fund at 1 Incoming Resources Fund at Aprtl 2024 Resources Expended 31 March in Year in Year 2025 Unrestricted Funds Charity General Fund 706,909 706,909 1,011,666 11,107,2971 1.011,666 {1.107.2971 611,278 611,278 Restricted Funds 29th May 1961 Charitable Trust- Roof Repairs Donations- Roof Repairs Donations - Youth Theatre The Prime Fund & Thornton Family Grassroots Fund Hexham Priory School Project National Foundation for Youth Music- Key Change Project 2025 National Saturday Club - National Film and Screen Saturday Club NCC Building Survey Contribution NCC Members, local improvement scheme NTCA- Illuminated Sheep NTCA- Lanterns Scop Arts Trust Expansion The Future Is Ours Now 6,000 (6,0001 1.732 1,653 20.000 4,000 3,385 (20,0001 (4,0001 38,008 9,800 (47,8081 5,000 (1,3051 3,695 5,900 3,683 {5,9001 (3,6831 18,757 29,105 1,800 (18,7571 (29,1051 (2401 Elastic Band 1,560 10,000 109,698 (251 1136,8231 9,975 18,615 45,740 Total Funds £752,649 £1,121.364 £(1.244.120} £629.893 28
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 15. Analysis of Charitable Funds (Cont.) Name of Restricted Fund Description, Nature & Purpose of the Restricted Fund 29th May 1961 Charitable Trust l Towards the cosl of roof renovation and repairs Donations - Roof Repairs Arts Society- Book Festival Intern Towards the cost on an intern role to support work on Hexham Book Festival Community Foundation / Historic England To support artistic activlty in schools l Ray Wind Fund - Benealh Our Feet Hadrian Trust - Youth Theatre Towards the costs of youth theatre work North of Tyne Combined Authority Lanterns Towards the costs of a lanterns festival Northumberland CC l North of Tyne To support a county-wide visual art trail Combined Authority - Illuminated Sheep Northumberland CC - Fundraiser Towards the cosls of engaging a freelance fundraiser Northumberland County Council - Ignite Towards the costs of the Ignite programme Northumberland County Council Towards the costs of upgraded lighting Members, local improvement scheme TNC Community Fund - Hexham Pride Towards the costs of the 2025 Pride event Yuulli Muslc- IKey cnange i-o support a youih-lea music fesiival 29
QUEEN'S HALL ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 16. Related Party Transactions The charity has a close working relationship with Arts Council England which is a registered charity and has provided significant funding which enables the charity to carry out its charitable objectives. In total, grant funding of £120,321 (2024.. £120,231) was recognised from Arts Council England in the year. Al 31 March 2025, no sums were owing lo Queen's Hall Arts from Arts Council England (31 March 2024.. £Nill. The charity also has a close relationship with Northumberland County Council (NCC) which provides essential core funding io the charity, as well as occasional project-based funding. In addition, the Queen's Hall, where the bulk of the charity's activities take place. is leased from NCC at a peppercorn rent whilst the charity operates sub-leases al the Queen's Hall to NCC Customer Services Ongoing NCC funding is subject to annual reviews and agreements on performance targets. In total, grant funding of £143.645 (2024.. £187,683) was recognised from NCC in the year. At 31 March 2025, £12.184 was owing to Queen's Hall Arts from NCC 131 March 2024.. £57,252). Two trustees received payment for work undertaken (unrelated to their trusteeship) amounting to £4.769 this year. There were no other transactions in the year with related parties, such as are required lo be disclosed under the Financial Reporting Standard for Smaller Entities (Effective April 20081 {2024. Nil) 17. Taxation The company is a registered charity and no provision is considered necessary for taxation. 18. Financial Commitments No material financial commitments have been made in respect of future financial periods. 19. Company Limited by Guarantee The charity is incorporated under the Companies Act 1985 and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding £1 as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter. There are currently 10 members of the company {2024 - 11 members). 30