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.
- To initiate, develop, promote and manage quality opportunities in a range of creative arts disciplines across all levels of knowledge, experience and ability.
- To encourage and develop access to and participation in the creative arts by all members of the community.
- To manage and develop the resources necessary to make opportunities equally available to all members of the community.
Regular activities includes:
- 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.
- Holiday workshops for children and regular longer length courses for adults throughout the year.
- Exhibitions for community and professional artists in the gallery spaces ‘Artisan’.
- Community and professional performances of plays, music, comedy and dance in the Limelight Theatre on Friday and Saturday evenings.
- 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;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- 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:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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.
Page 9
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.
Page 19
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**
Page 20
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**|
Page 21
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.
Page 22
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**|
|---|---|---|
Page 23
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_|
|---|---|---|---|
Page 24