Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
Registered number: 04279862 Charity number: 1092147
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 - 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 - 10 |
| Notes to the financial statements | 11 - 24 |
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025
| Trustees | Peter Cooper, Chair |
|---|---|
| Stephen Terry, Vice Chair | |
| Tony Tomblin, Hon Treasurer to the Trustees | |
| Dan Clucas | |
| Nick Hazle | |
| Susan Morgan (appointed 1 December 2025) | |
| Raymond John Medhurst (appointed 18 September 2025) | |
| Rofaida Makki (resigned 23 November 2025) | |
| Nidhi Mehta | |
| Penelope Thorne | |
| Company registered number 04279862 Charity registered number 1092147 Registered office Queens Park Aylesbury Buckinghamshire HP21 7RT Company secretary Sarah Lewis Accountants Hillier Hopkins LLP Chartered Accountants 249 Silbury Boulevard Milton Keynes Buckinghamshire MK9 1NA Bankers Lloyds TSB Aylesbury Buckinghamshire Solicitors Horwood and James 7 Temple Square Aylesbury Buckinghamshire |
Page 1
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees present their annual report together with the financial statements of the Queens Park Arts Centre Limited for the 1 September 2024 to 31 August 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission.
The purpose for which the Trust has been established is to resource and develop a multi-disciplinary arts centre and theatre for people in the Aylesbury area and beyond, which supports a broad range of quality creative arts and crafts opportunities that are accessible, relevant and rewarding.
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To initiate, develop, promote and manage quality opportunities in a range of creative arts disciplines across all levels of knowledge, experience and ability.
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To encourage and develop access to and participation in the creative arts by all members of the community.
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To manage and develop the resources necessary to make opportunities equally available to all members of the community.
Regular activities includes:
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The Charity providing access to approximately 100 weekly workshops for children and adults delivered by Queens Park Arts Centre tutors and SDSD’s dance teachers.
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Holiday workshops for children and regular longer length courses for adults throughout the year.
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Exhibitions for community and professional artists in the gallery spaces ‘Artisan’.
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Community and professional performances of plays, music, comedy and dance in the Limelight Theatre on Friday and Saturday evenings.
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A significant contribution to the local creative and cultural sector via regular inhouse and outreach performances by resident storytelling company, Unbound Theatre.
Page 2
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
Achievements and performance
a. Review of activities
Having established its position and reputation as one of Britain’s largest independent Arts Centres, Queens Park Arts Centre once again provided a comprehensive programme of creative and cultural activity for all ages and abilities, significantly contributing to the cultural landscape in Buckinghamshire for the year 1 September 2024 to 31 August 2025.
In the last year, Queens Park Arts Centre provided a huge range of weekly arts, crafts, performing arts and holistic participatory workshops and courses, as well as a carefully curated selection of community and professional exhibitions and Craft Fair. Queens Park Arts Centre contributed to the success of various local festivals and Town events. Unbound Theatre continued to produce an impressive range of live and digitally programme.
Queens Park Arts Centre welcomed the ongoing core financial support from long term funder, the William Harding’s Charity, and continued core funding from Buckinghamshire Council, with project funding from the Rothschild Foundation and other local Funders for community projects.
Queens Park Arts Centre completed its capital building project enhancing access and facilities on site.
Financial review
a. Reserves policy
The Charity has set aside designated reserves that would be due to the current employees if the Centre faced closure.
b. Principal funding
Voluntary help and donations in kind
Voluntary help and donations in kind Queens Park Arts Centre operates in a unique way – a large number of its inhouse workshops are run by volunteer tutors who claim expenses but no remuneration. Volunteers are instrumental to the day to day running of Queens Park Arts Centre with over 200 lending their time, skills and enthusiasm. Queens Park Arts Centre is a recipient of the Kings Award for Voluntary Services.
Investment Powers
Investment powers are stated in the Memorandum and Articles. The charity does not currently hold any investments.
Risk Management
The Treasurer together with the trustees carries out regular reviews of the activities of the charity and of the systems in use. This is for the purpose of planning for the future and assessing and managing any major risks likely to affect the operation of the Trust. The trustees are satisfied that the systems are in place to mitigate exposure to major risks.
Page 3
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
Structure, governance and management
a. Constitution
Queens Park Arts Centre Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. The Directors are also the Trustees.
b. Methods of appointment or election of Trustees
Directors/Trustees are elected for a three year period in accordance with provisions set out in the Memorandum and Articles of Association, with a third retiring at the end of each year. Retiring Directors may offer themselves for re-election at the Annual General Meeting.
c. Policies adopted for the induction and training of Trustees
Trustees induction and training is performed by way of attendee to meetings and being passed regulatory literature for the charity.
Funds held as custodian
In the case of closure any assets would be transferred to a charity with similar objectives.
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ Tony Tomblin
Date: 28-01-2026
Page 5
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025
Independent examiner's report to the Trustees of Queens Park Arts Centre Limited ('the company')
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 August 2025.
Responsibilities and basis of report
As the Trustees of the company (and 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 the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent 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 Institute of Chartered Accountants England and Wales, 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:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Page 6
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
Signed:
Dated: 29-01-2026
Neal Carter ACA
Hillier Hopkins LLP Chartered Accountants 249 Silbury Boulevard Milton Keynes Buckinghamshire MK9 1NA
Page 7
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025
| Note Income from: Donations and legacies: 3 . Other donations and legacies Charitable activities 4 Other trading activities 5 Investments Total income Expenditure on: Raising funds 6 Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ 120,345 296,629 78 3,638 420,690 - 420,246 420,246 444 245,280 444 245,724 |
Restricted funds 2025 £ - - - - - 12,000 16,922 28,922 (28,922) 87,481 (28,922) 58,559 |
Total funds 2025 £ 120,345 296,629 78 3,638 420,690 12,000 437,168 449,168 (28,478) 332,761 (28,478) 304,283 |
Total funds 2024 £ 123,907 266,394 138 7,391 397,830 8,000 406,131 414,131 (16,301) 349,062 (16,301) 332,761 |
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 11 to 24 form part of these financial statements.
Page 8
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee) REGISTERED NUMBER: 04279862
BALANCE SHEET AS AT 31 AUGUST 2025
| Note Fixed assets Tangible assets 10 Current assets Stocks 11 Debtors 12 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 13 Net current liabilities / assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 14 Unrestricted funds 14 Total funds |
500 16,420 113,968 130,888 (159,345) |
2025 £ 332,740 332,740 (28,457) 304,283 304,283 304,283 58,559 245,724 304,283 |
500 22,619 287,656 310,775 (203,386) |
2024 £ 225,372 |
|---|---|---|---|---|
| 225,372 107,389 |
||||
| 332,761 | ||||
| 332,761 | ||||
| 332,761 | ||||
| 87,481 245,280 |
||||
| 332,761 |
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
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Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED
(A company limited by guarantee) REGISTERED NUMBER: 04279862
BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
Tony Tomblin
(Hon Treasurer to the Trustees) Date: 28-01-2026
The notes on pages 11 to 24 form part of these financial statements.
Page 10
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. General information
Queens Park Arts Centre Limited is a Charity limited by guarantee incorporated in England and Wales within the United Kingdom.
The Company's principal activity is that of providing arts to all to the local community.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Queens Park Arts Centre Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the company where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
Page 11
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
2. Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
The restricted expenditure is a continuation of projects running and funded over multiple years.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Plant and machinery - 20% straight line Computer equipment - 33% straight line
2.6 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Page 12
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
2. Accounting policies (continued)
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.10 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 13
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
3. Income from donations and legacies
| Grants Grants 4. Income from charitable activities Arts & Crafts & Theatre Arts & Crafts & Theatre |
Unrestricted funds 2025 £ 120,345 Unrestricted funds 2024 £ 70,574 |
Unrestricted funds 2025 £ 120,345 Unrestricted funds 2024 £ 70,574 |
Restricted funds 2025 £ - Restricted funds 2024 £ 53,333 Unrestricted funds 2025 £ 296,629 Unrestricted funds 2024 £ 266,394 |
Total funds 2025 £ 120,345 |
|---|---|---|---|---|
| Total funds 2024 £ 123,907 Total funds 2025 £ 296,629 Total funds 2024 £ 266,394 |
||||
Page 14
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
5. Income from other trading activities Income from fundraising events
| Unrestricted funds 2025 £ Fundraising 78 Unrestricted funds 2024 £ Fundraising 138 6. Expenditure on raising funds Costs of raising voluntary income Restricted funds 2025 £ Costs of raising voluntary income - wages and salaries 12,000 Restricted funds 2024 £ Costs of raising voluntary income - wages and salaries 8,000 |
Total funds 2025 £ 78 |
|---|---|
| Total funds 2024 £ 138 |
|
| Total funds 2025 £ 12,000 |
|
| Total funds 2024 £ 8,000 |
Page 15
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
7. Analysis of expenditure on charitable activities
Summary by fund type
| Voluntary Income Arts & Crafts & Theatre Voluntary Income Arts & Crafts & Theatre |
Unrestricted funds 2025 £ 5,180 415,066 420,246 Unrestricted funds 2024 £ 4,413 356,066 360,479 |
Unrestricted funds 2025 £ 5,180 415,066 420,246 Unrestricted funds 2024 £ 4,413 356,066 360,479 |
Restricted funds 2025 £ - 16,922 16,922 Restricted funds 2024 £ - 45,652 45,652 |
Restricted funds 2025 £ - 16,922 16,922 Restricted funds 2024 £ - 45,652 45,652 |
Total 2025 £ 5,180 431,988 |
|---|---|---|---|---|---|
| 437,168 | |||||
| 420,246 | 16,922 | ||||
| Unrestricted funds 2024 £ 4,413 356,066 360,479 |
Restricted funds 2024 £ - 45,652 45,652 |
Total 2024 £ 4,413 401,718 406,131 |
|||
Summary by expenditure type
| Voluntary Income Arts & Crafts & Theatre |
Staff costs 2025 £ - 201,411 201,411 |
Depreciation 2025 £ - 30,506 30,506 |
Other costs 2025 £ 5,180 200,071 205,251 |
Total 2025 £ 5,180 431,988 |
|---|---|---|---|---|
| 437,168 |
Page 16
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
7. Analysis of expenditure on charitable activities (continued)
Summary by expenditure type (continued)
| Voluntary Income Arts & Crafts & Theatre |
Staff costs 2024 £ - 165,594 165,594 |
Depreciation 2024 £ - 9,543 9,543 |
Other costs 2024 £ 4,413 226,581 230,994 |
Total 2024 £ 4,413 401,718 |
|---|---|---|---|---|
| 406,131 |
8. Analysis of expenditure by activities
| Voluntary Income Arts & Crafts & Theatre Voluntary Income Arts & Crafts & Theatre |
Activities undertaken directly 2025 £ 5,180 431,988 437,168 Activities undertaken directly 2024 £ 4,413 401,718 406,131 |
Total funds 2025 £ 5,180 431,988 |
|---|---|---|
| 437,168 | ||
| Total funds 2024 £ 4,413 401,718 |
||
| 406,131 |
Page 17
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
8. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Depreciation Tutor & Volunteer Costs Purchases & Equipment Fundraising Events Staff costs Depreciation Tutor & Volunteer Costs Purchases & Equipment Fundraising Events Wages 9. Staff costs Wages and salaries Social security costs |
Voluntary Income 2025 £ - - - - 5,180 5,180 Voluntary Income 2024 £ - - - - 4,413 - 4,413 |
Arts & Crafts & Theatre 2025 £ 201,411 30,506 74,704 125,367 - 431,988 Arts & Crafts & Theatre 2024 £ 165,594 9,543 74,669 126,312 - 25,600 401,718 2025 £ 203,697 9,714 213,411 |
Total funds 2025 £ 201,411 30,506 74,704 125,367 5,180 437,168 Total funds 2024 £ 165,594 9,543 74,669 126,312 4,413 25,600 406,131 2024 £ 181,391 (7,797) 173,594 |
|---|---|---|---|
Page 18
Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
9. Staff costs (continued)
The average number of persons employed by the company during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| No. | No. | |
| Employees | 18 | 14 |
No employee received remuneration amounting to more than £60,000 in either year.
'This equates to 6.5 full time positions.
10. Tangible fixed assets
| Cost or valuation At 1 September 2024 Additions Transfers between classes At 31 August 2025 Depreciation At 1 September 2024 Charge for the year At 31 August 2025 Net book value At 31 August 2025 At 31 August 2024 |
Freehold property £ 147,122 174,821 (38,500) 283,443 - - - 283,443 147,122 |
Computer equipment £ 119,306 1,553 - 120,859 41,056 30,506 71,562 49,297 78,250 |
Total £ 266,428 176,374 (38,500) 404,302 41,056 30,506 71,562 332,740 225,372 |
|---|---|---|---|
Legal title to the property at Queens Park Arts Centre is held by Queens Park Arts Centre Limited, beneficial ownership is split Queens Park Arts Centre Limited 21.85% and William Harding's Charity 78.15%. Queens Park Arts Centre's Board of Directors agreed the revision to the Supplemental Declaration of Trust at the board meeting on 25 March 2025.
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Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
11. Stocks
| Finished goods and goods for resale Debtors Due within one year Trade debtors Other debtors Prepayments and accrued income Creditors: Amounts falling due within one year Trade creditors Other taxation and social security Other creditors Accruals and deferred income |
2025 £ 500 2025 £ 3,716 7,229 5,475 16,420 2025 £ 6,803 9,732 139,632 3,178 159,345 |
2024 £ 500 |
|---|---|---|
| 2024 £ 5,370 12,210 5,039 |
||
| 22,619 | ||
| 2024 £ 55,949 4,658 139,375 3,404 |
||
| 203,386 |
12. Debtors
13. Creditors: Amounts falling due within one year
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Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
| 14. Statement of funds Statement of funds - current year Balance at 1 September 2024 £ Unrestricted funds Designated funds Designated Funds - all funds 15,000 General funds General Funds - all funds 230,280 Total Unrestricted funds 245,280 Restricted funds Restricted Funds - all funds 87,481 Total of funds 332,761 |
Income £ - 420,690 420,690 - 420,690 |
Expenditure £ - (420,246) (420,246) (28,922) (449,168) |
Balance at 31 August 2025 £ 15,000 |
|---|---|---|---|
| 230,724 | |||
| 245,724 | |||
| 58,559 | |||
| 304,283 |
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Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
14. Statement of funds (continued)
| Statement of funds - prior year Unrestricted funds Designated funds Designated Funds - all funds General funds General Funds - all funds Total Unrestricted funds Restricted funds Rothschild Foundation Building refurbishment fund Total of funds |
Balance at 1 September 2023 £ 15,000 246,262 261,262 19,791 68,009 87,800 349,062 |
Income £ - 344,497 344,497 53,333 - 53,333 397,830 |
Expenditure £ - (360,479) (360,479) (52,125) (1,527) (53,652) (414,131) |
Balance at 31 August 2024 £ 15,000 |
|---|---|---|---|---|
| 230,280 | ||||
| 245,280 | ||||
| 20,999 66,482 |
||||
| 87,481 | ||||
| 332,761 |
Particulars of the restricted funds
Building refrurbishment fund - This fund is used for the refurbishment of the charity's buildings.
Rothschild Foundation - This fund is relation to the grant received from the Rothschild Foundation for developing and delivering a storytelling project shared though performances at Bucks venues and in a published anthology for Bucks libraries.
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Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
15. Summary of funds
Summary of funds - current year
| Balance at 1 September 2024 £ Designated funds 15,000 General funds 230,280 Restricted funds 87,481 332,761 Summary of funds - prior year Balance at 1 September 2023 £ Designated funds 15,000 General funds 246,262 Restricted funds 87,800 349,062 |
Income £ - 420,690 - 420,690 Income £ - 344,497 53,333 397,830 |
Expenditure £ - (420,246) (28,922) (449,168) Expenditure £ - (360,479) (53,652) (414,131) |
Balance at 31 August 2025 £ 15,000 230,724 58,559 |
|---|---|---|---|
| 304,283 | |||
| Balance at 31 August 2024 £ 15,000 230,280 87,481 |
|||
| 332,761 |
16. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2025 £ Tangible fixed assets 332,740 Current assets 72,329 Creditors due within one year (159,345) Total 245,724 |
Restricted funds 2025 £ - 58,559 - 58,559 |
Total funds 2025 £ 332,740 130,888 (159,345) 304,283 |
|---|---|---|
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Docusign Envelope ID: F5E947FE-2E92-43EB-B31C-E4ECC08CD676
QUEENS PARK ARTS CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
16. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 225,372 223,294 (203,386) 245,280 |
Restricted funds 2024 £ - 87,481 - 87,481 |
Total funds 2024 £ 225,372 310,775 (203,386) 332,761 |
|---|---|---|---|
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