Quentin Blake Centre for Illustration Trustees, Report and Financial Statements for the year ended 31 December 2023 Registered CompanyNumber 04484943 Registered CharityNumber 1095210
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Contents Ch&ir's Introduction Trustees, Report 5-39 Reference and Administrative Det&ils 40-43 Independent Auditor's Report 44-49 Consolid&ted statement of financial activities 50 Consolid&tedbal&nce sheet 51 Consolid&ted statement of c&sh flows 52 Notes to fin&nci&l st&tements 53-62
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Chair's introduction In the pages that followwe record and celebrate the range and bre&dth of activities undert&ken in 2023. 4 We &re nowwell onthe wayto est&blishing & permanent national "?' centre for illustr&tion at the New River He&d herit&ge site. At the start ofthe year. thanks to & development grant from The National Lottery Heritage Pund, we commenced a further phase of design, activity and business planning. informed by extensive consult&tion. In M&rch 2024we receivedthe welcome news that ourdelivery applic&tion hadbeen successful, takingus to 85% of our c&mpaign target and ne&rly 90% of capital costs.we plantobegin on-sitework laterthis year. I immensely gr&tefulto everyone who h&s supported us to date, including. the Architectur&l Herit&ge Fund. Quentin Blake, The BAND Trust, Charity Bank, City Bridge Found&tion, Clerkenwellward CIL &wardedby loc&1 Councillors, the Ro&ld D&hl Story Company and Dahl family. Foyle Foundation. Garfield Weston Foundation, G&tsby Ch&rit&ble Foundation, Robert Gavron Ch&ritable Trust, Islington Buildings Preservation Trust, the Kusum& Trust. Wolfson Foundation, Rich&rd and J&cqueline Worswick, &nd & growing number of philanthropists, trusts and loc&1 supporters. Ple&se et in touch if ou &re &ble to hel Another important initi&tive in 2023 was the launch of National Illustration Day. The in&ugur&l event attracted over 300,000 social media impressions (including engagement from 60,000 Inst&gr&m accounts alone) and coverage on BBC R&dio 4's flagship Tod&y Progr&mme. We welcomed over 600 people and sever&1 schools to a POP-UP Studio in Islington's Angel Central shopping centre, where we shared the outcomes of illustr&tion projects created with four local community groups and invited guests to create their own celebr&tory illustrations. Collabor&tion and visibility in our local area is increasingly important as we appro&ch the openingof the Centre andwewere delighted to play our part in initiatives such as the winter lights switch on and the Islington Summer Reading Challenge. We continued to sh&re original works by Quentin Bl&ke and Raymond Briggs &round the country, in exhibition tours that visited 10 venues. We &lso begajn adding
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 fascinatingbut h&rd-to-access illustration collections to a new online resource, generously supported by John Ellerm&n Foundation. We launched this with Jacqueline Ayer's evoc&tive Thai-inspired drawings and textiles, &nd Jo Brocklehurst's depiction of punks, clubgoers and dancers from the 1980s onwards. Online workshops, courses and talks reached 500 illustr&tors, while 59 teachers took p&rt in online continuingprofessional development (CPD) sessions. We also worked directlywith 1,100 pupils across 15 schools, demonstr&tingthe immense benefits of illustr&tion for classroom learning and communicatio Our charity exists forillustr&tion, so it is crucial th&t we can outw&rdly articul&te what illustration is and why it matters to all of us. At the start of the year we coll&bor&ted th Studio AKAto create & 90-second filmthat explains just that. Well- received by illustr&tors &nd &udiences alike, it has attracted over 88 hours of vieng time. As the film s&ys. "illustration is not just a nice dr&n. it's an essential p&rt of our langu&ge. It tells stories that move us. change us or help us see from someone else's perspective. It tells uswhat to do and what not to do in &n inst&nt. It helps usto explore everything from outer sp&ce to our own cells. imagine pl&ces and things that don't exist and make them & reality, understand details andmake sense of the bigger picture." Th&t's why illustration - and our &mbition to establish a permanent n&tion&l centre for it- is so import&nt. I am indebted to our founder Quentin Blake, whose vision &nd generosity h&ve underpinned the charity since its inception, andto all our dedicated Trustees, committee and &dvisory panel members. staff and freelancers. I would especi&lly like to mark the contribution of Tracey Joy Harrison, who has stepped down as a Trustee since our 2022 Annual Report. and I am delighted towelcome MuneshM&ht&ni, P&m R&ynor &nd Stella Toonen to the Board. To &ll our supporters, partners and friends Iwould like to express myth&nks.As a charity that receives no ongoing public funding, and must generate IOO'A of its income everyyear, we couldn't do it withoutyou! John K&mpfner, Chair
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Report of the Trustees The Trustees (who are &lso directors of the chaTrity for the purpose of the Comp&nies Act) present their annu&l report togetherth the financial st&tements of Quentin Blake Centre for Illustrationforthe ye&rthat ended on 31 December 2023. The Trustees confirm that the &nnual report and financial statements of the comp&ny and the gTOUP complywith the current statutory requirements, the requirements of the comp&ny and the group's governingdocument and the provisions ofthe Statement of Recommended Pr&ctice- Accountingand Reportingby Charities: SORP, which is &pplic&ble to charities preparingtheir accounts in accordance with FRS 102. Blake C for lllthtion @ Valeiitiiia ZILlllllO Visitors on the New River Headviewingplatfornl dllringour open day &t New River Head &% part of Open House FesLival 2023
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Vision, mission and values Illustr&tion is fundamental to human communication, progress and understanding. It tells stories, propels activism and conveys life-saving inform&tion. Quentin Bl&ke Centre for Illustration is the UK'S first and only cultur&l org&nis&tion dedicated to illustr&tion. Ourvision is aworld in which: Everyone can communicate through illustration Everyone c&n explore and ch&llenge the imagery around them Everyone can use illustration to examine the way we live &nd work, past, present and future To &chieve thiswe: Ch(zmpion - we find, share and support the development of origin&l, diverse &nd innovative illustration and illustrators Connect- we drawpeople th different backgrounds. ages and interests to the visu&l arts vi& illustration's connections to literature, socio-political themes, curriculum learning &nd hobbies Unlock- we provide people. especially those who are young an(Vor marginalised by society, with tools to share stories and ideas and explore herit&ge through illustration Strengthen- we t&ke steps to s&fegu&rd our future &nd grow our impact Our &ctions and behaviours &re underpinned by. Curiosity Compassion Equity Relev&nce Rigour When we are true to our v&lues: We are imagin&tive and unafraid to think and do things differently We h&ve a positive impact on others and on the world &round us We meet people on theirterms. design activitieswith them, value their enjoyment and support their growth
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Everyone knows theybelong and feels our organisation belongE to them @ Valentin& Zunino Visitors engingwith &n illustration actItYat 8community landseapingco-development drop-iffj hostred &t New RiverHeadin Jllne 2023
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Quentin Blake Centre at New River Head In 2019, with the support of founder Quentin Blake. we purch&sed the le&se for New River He&d, & complex of disused l&h_ and 19th_century industrial herit&ge buildings set within one &nd & half &cres of land in Clerkenwell. Thanks to investment from The N&tional Lottery Heritage Fund, grants from trusts and found&tions, and philanthropic support, New River He&d will be restored &nd repurposed. As the national centre for illustration, it will feature four gallery sp&ces, a dedic&ted learning studio, project base, c&fé. shop and public gardens. The new Centre will offer: exhibitions revealing original illustrations from around the world a dedic&ted gajllery for Brit&in's best-loved illustrator, Quentin Blake relaxed, creative. free to enter spaces (indoors and outdoors) for drawing, making. le&rning &nd reflection projects and events with schools. families and community groups courses and workshops for illustr&tors The Quentin Blake Centre 11 be &vibr&nt place where everyone feels welcome: where the displays are relatable, everythings accessible and everyone's stories and ideas matter. It willwelcome more th&n 90.000 visitors ayear, multiplyingits re&ch many times over through nationde tours and participatory projects.
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 @ V&lentina Zllnino Visitor in thewindmill Base dllringouropen day at New River Head &s partof Open House Festiv 2023
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Exhibiting exciting and original practice Exhibitions We shared four touring exhibitions at ten venues across the UK and Irel&nd. experiencedby over 200,000 people. Baymond Briggs: A Betrospective 61.934attendeesat twovenues: The Bowes Museum, Barn&rd C&stle: 12 November 2022- 26 February 2023 Cambridge University Library. 26 April- 26 August 2023 We continued our tour ofRaynzondBriggs."A Retrospectiue, which shares never- before-seen original &rtwork from BriggB's own personal archive to reve&1 the origin of the iconic titles that havebecome literary classics and intern&tion&l phenomena. With origin&l &rtwork from books including his poign&nt picture book The Snoujman (1980) and pioneering graphic novelBthel&Ernest (1998), the exhibition celebrates Briggs as an exceptional draughtsperson, typographer and storyteller. At Cambridge University Library, 98% of visitors enjoyed their visit. 94% felt interested or inspired and 94¥, learned somethingnew. -one ofthe best exhibitions I'ue uisited in a long time... perfectly curated. Beautifully displayed, the right amount ofaccompanying text and oueraZI a uery enjoyable experience- 'Loued it alZIISo mouingl Wasn't expecting to be so emotional. Really loued theparts about his actiuism and all the social commentary within his work- Exhibition visitors io
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 41 Cambridge University Preparation forRaymondBriggs"ARetrospectiue ezbibition at Cambridge Universityp&per conserwation studio. Quentin Blake: Illustrating Verse 59,561 attendees at twovenues &nd an estimated 7,500 attendees at one further venue: Weston Museum: 4 March- 3 June 2023 Aberdeen Art G&llery: 8 July- 17 September 2023 Lighthouse, Poole: 29 September 2023- 6 Janu&ry 2024 Quentin Bl&ke has been writing and illustrating poetrythroughout his 60-year career. Many of his own books feature rhymes &nd songs. and he h&s coll&borated withwriters includingmichael Rosen and Roald Dahl. As well as artwork for popular nonsense poems like The Owl (znd thePussy-cat, the exhibition fe&tures previously unseen works from Bl&ke's archive - surreal illustr&tions for Sylvia Pl&th's TheBed Book and mischievous cats for T. S. Elliot's The Songofthe Jelzicles. li
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Sketchbooks &nd rough drawings give a rare insight into Bl&ke's writing and design process, &s well as the creation of characters for Roald Dahl's novel Charlie and the Chocolate Factory. This exhibition features original illustrations courtesy of Quentin Blake. ']Y third time at the exhibition. Iloued deluingin deeper to study Angelica Sprocket's Pockets'and thejoy that is 'JklrMagnolia'" Exhibition visitor O Aberdeen Art Gallery Installation eW from QuentinBlok¢Illustrating Verseat AberdeenArt Gallery Quentin Bl&ke: Book Covers 53,061 attendees at twovenues and & further estimated 2,000 &ttendees &t one further venue: H&verhill Arts Centre, Suffolk: 16 February- 18 March 2023 Aberdeen Art G&llery: 8 July- 17 September 2023 Red Line Book Festival, South Dublin Libraries and Arts: 2- 30 October 2023 12
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Quentin Bl&ke's c&reer illustratingbooks begaJn over 60 ye&rs ago with his covers for p&perb&ck fiction. Since thery he has created hundreds of designs for everything from liter&ry cl&ssics to his own picture books. This exhibition features 60 of Blake'sbook covers from the 1960s to the present: from mid-century Penguin paperb&cks to finely-crafted speci&l editions. First editions are shown alongside reproductions of original artwork from Bl&ke's archive that show how he combines typogr&phy, dynamic layouts and his unique way of dr&wing to create pl&yful designs. The exhibition offers a high-quality visitor experience without the display of original &rtwork, whichh&s enabled usto open ourtouringprogramme to partners who do not have the infrastructure in place to manage original works. 'We were reallypleased ujith exhibition, our firstprofessional one (It the arts centre. Our customers were delighted to see solnethingdifferent and as Quentin Blake is so beloued they were excited to see the work ofsuch a famous artist. In conjunction with the exhibitiorn uje ran s07ne draujingujorkshops and arhibited the artwork ujithin the arts centre. The result ujas happy children and a buzzy, busy atnzosphere- H&verhill Arts Centre a Penguin Officers and Gentlemen Unconditional Suffender Men at Am E¥•lyn EMI nW*u Evelyn Waugh book covers @ Qllentin Blake and Penguin Random House. photogrnphbyJusLin Piperger M&terial from Quentin Blak£'Book Gouer& 13
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Collections Collections Online In December 2023 we launched our new Collections Online platform. The free-to- access resource en&bles usto add information and images of objects to & searchable d&t&b&se and &s cur&ted stories on an ongoingb&sis. We l&unched with two private collections from the estates of artists Jacqueline Ayer and Jo Brocklehurst. making available more th&n 200 objects that were not previously &ccessible to the public. 'So interestingand fi•eshl" 'So glad you are showinglJo Brocklehurst'sl ujork. It's the best and certainly doesn't get enough exposure folloujingher untielY death- Online visitors Generously supported by John Ellerm&n Foundation. Collectkon5 for Illustration QucntLn Bl&kocollcction Akn)ii¢ collcctioii.s Dive into the history of illustration with digital material from museums. archives and personal colleotions. Explore stories about illustrators and search our datab&8e to find process drawings, posters. books and more. Our work with collections We've just begun uploading collections from across the UK &ndwill be addingjllore very soon. This resource is generously funded bythe John Ellernlan Foundation. 14
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 ASWell]I1uStrAt)llg books.AyerContUedeo workin fasbioLlnt]LQ ewly1960qshefounded textlle &lldgarment compabyDeslÈnTtrL&L The firtpriiitedfabrics wereinspiredbyaDcien Thai dE3ignsfro arnn&te]nples, porcel&lns.and clothlhat Ayersawlllthe v&tJltsor theN&tionaJ Museum Baiigko DesignThaiopeneda illBaDkjIg62.aTrd expand&dtooff8ralineof ready.t¢kVrClo1hln% Collections online pagegat qbcentre.org.uk fezturingimages @ Est&ts of Jacqueline Ayer Collections Man&gement In workingthrough RIBA stages 3 to 4 we have developed our specification and pl&ns for the exhibition galleries &nd art store at the new Centre. Arts Council Engl&nd's M&n&ger of Security &nd Protection assessed our plans. delivering& report and series of recommendations for our infrastructure and operations th&t will en&ble us to meet Government Indemnity Scheme standards. As part of our National Lottery Herit&ge Fund development phase, we developed series of policies and procedures form&n&gingworks lo&ned to us for exhibition at the Centre. These include collections access. care and information policies, &ll ofwhich will ensure that we m&n&ge the works in our care to museum st&nd&rds. 15
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Answering what is illustration? In collabor&tion with BAPTA &ward-nn1llg Studio A, we made an &nim&ted film to answer the question: wh&t is illustration? Charting illustr&tion from prehistoric cave dr&wings to soci&l medi&, the film was nomin&ted for the AOI World Illustration Awards and was a winner of the 2023 Kyoto Global Design Awards (KGDA). What is illiistration? Cl Studio AKA forQiientin Blake Centre for lllustration A still from the &nimatioTh. What is illustration? 16
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 New Biver Adventurers We commissioned cultural heritage specialist Dr Angelina Osborne to research the New River 'Adventurers', the 29 founding investors in the New River Company. Dr Osborne's report confirms th&t most of the New River Comp&ny's founding investors were profiting from investment in burgeoning colonial projects and privateering (st&te-s&nctioned piracy that commonly led to the possession of enslaved people &nd the products of the l&bour of ensl&ved people). We published Dr Osborne's report in December 2023 with illustr&tions by Cat O'NeiL and it will inform interpretation at the site. New RiverAdventurers @ Cat Oweil A Commissioned illustration bycat Oweilto support Dr Osborne's Tepor¢ NewRiverAdventurers New River Head Viewing Platforjn In June 2023 we acquired the portion of land to the east end of New River Head known &s the Viewing Platform,. We cleaned the site and inst&lled new planting and seating, courtesy ofthe Myddelton Square Association. The site offers cle&r views of the 19th centuryp&rts of New River Head as well as the Metropolitan W&ter Board building, &nd we installed new interpretation panels to give context to these surroundings &nd information on our plans for development. These were illustrated 17
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 byNin& Ch&krab&rti. We partnered with the Amwell Societyto open the pl&tform to the public each weekend. The Viewing Platform will eventu&lly form part of the accessible pathwayto the south ofthe site. W*4. Interpretation panelsillustratedby Nin8 Chth&b&rtion the New River Head viewingplatfoTm Preparing to exhibit at New River Head Progranlllling Supportingthis and our interpretation of New River Head's heritage, we created a comprehensive interpretation strategy for the Centre, &rticul&tingproject themes. key mess&ges, interpret&tion principlesand le&rningoutcome& Pl&ns are comprised of: temporary exhibitions programme across two gallery spaces (the Co&1 Stores and First Floor Engine House gaJlleries) & permanent gaJllery dedic&ted to Quentin Blake's archive the Engine Room, a fre&t(F&ccess space th&t provides an introduction to the subject of illustration a series of installations th&t interpret the impact of the DTew River He&d site 18
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 a series of outdoor heritage interpretation panels describingthe history of New River Head We developed an outline temporary exhibitions programme forthe first two ye&rs of the Centre opening, includingboth historic and contemporary illustration. Gallery Design We &ppointed exhibition design studio All Things and graphic design studio WolfeH&ll to develop designs for our Quentin Blake Gallery and Engine Room, &s well as a r&nge of flexible graphics and display furniture for tempor&ry exhibitions in the Coal Stores G&llery and First Floor Engine House G&llery. They developed designs to RIBA st&ge 3. All Things ImpSSIon of Engine House Galleriesatthe new Quentin Blake CentTe for lllustration 19
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 What's next In 2024we will undertake a progr&mme of audience research to test our outline temporary exhibitions programme for the Centre. We will confirm this programme and begin our rese&rch and development phase. We will develop our object lists &nd interpret&tion for the Engine Room and Quentin Bl&ke G&llery, and work with All Things and WolfeH&ll to develop gallery designs to RIBA st&ge 4. We will fin&lise the specifications for the Centre's exhibition galleries and art store &he&d ofthe completion of RIBA stage 5. ensuringthat these meet the recommendations given to us byArts Council England's Manager of Security and Protection. We will continue research into New River Comp&ny shareholders and their business activities from the mid-17th century onwards. supported by University of Leicester. We will &dd further material to Collections Online, includingworks by politic&1 cartoonist Abu Abraham, book illustr&tor Janina Ede and posters produced forthe Empire Marketing Board. Our touring exhibitions programme will visit four further venues: RaymondBriggs."A Retrospectiuewill be shown at Ditchling Museum of Art + CrafL Quentin Blake.'Book couerslI be shown at Rugby Art Gallery and Museum, Oxfordshire Museum and The Atkins Building in Hinckley. These tourswill conclude in 2024. We willbegin scopingforp&rtnervenues for new exhibition tours in mid-2024. with delivery of touring exhibitions resuming in early 2027. 20
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Nurturing talent, innovation and diversity Adult Iarning In 2023 the &dult le&rning programme delivered 24 activities, made up of: 2 x 4-week online courses 7x 10-week online courses 9 x online workshops 2 x online talks 2 x on dem&nd video replays of online talks I x in-person panel discussion at NewDesigners I x in-person site tours for Falmouth University Students A tot&1 of 856 illustr&tors participated - an increase of 220 (34.6'A) people against 2022. Most events continued to take place online. 620A of p&rticip&nts were new to Quentin Blake Centre for Illustration 87% would recommend usto & friend 87% of respondents would definitely attend agajin 15% of p&rticip&ntsjoined from London, 53Y from acrossthe UK and 32% from intern&tion&l locations Courses and workshops continuedto offer & mixture of established topics t&ughtby our longst&ndingteam of freelance illustrator-educ&tors: cre&ting fiction and non- fiction picture books, designinggraphic novels and illustrating fashio 'Igot enough time and space to deuelop my ideas, in a supportiue enuironment. My skills definitely improued- Introduction to Creating Picture Books participant "This course Luas brilZiantlIt exceeded my expectations in giuingme the confidence and skills to tell my story." Graphic Novelyour Life participant Building on the popul&rity of our Industry Insights events. we piloted & new event c&lled'Illustr&tion First Moves,, aimed at illustration students, recent graduates. 21
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 emerging illustrators and c&reer-changers lookingto self-le&rn the fundament&ls of illustr&tion &s & commerci&l practice from the expertise of a variety of industry professionals, includingillustr&tors and agents. Offeringfour hours of content, it re&ched 247 emerging illustr&tors, includingthrough group screenings at higher education institutions and through repl&ys. We also progr&mmed and delivered an in- person panel discussion loc&lly for'New Designers'_ an annual Islington-b&sed show for n&tion&l creative gr&du&tes. 'Brilliant selection ofspe(zkers that are current and reZeuant.- 'RealZy nice to haue accessiblepricing for tickets.- "TheLGBTQ+ representation was awesome." Illustr&tion First Moves participants The Tllustr&ting Places, panel-discussion style webin&r invited four guest illustr&tors to highlight the positive social impact that illustration can h&ve on people &nd public sp&ces. Panellists shared examples of their work sp&nningmur&l painting. ld drawingw&lk& interactive sculpture and l&rge-sc&le &nimation, and explored themes of community, n&ture. science, spiritUlty. heritage, radical histories and &nti-racist activism. 'Iresearch illustration in urban space as a socially enguged artisticpractice. Iam also an illustrator and urbanist, soIwant to knouj more abouthow the artists manage the struggles ofworkingoutside and dealing with c0MUnIties. It ujas a really interesting and wellput-togethereuent. The work ofthe inuited artists all talked to each otherand it ujas uery informatiue (znd clear.- Illustr&ting Places participant A new'make A..., workshops offered & larger c&p&city. reducedprice point and lower time commitment, offeringmore entry-level opportunities for beginners &nd reaching a wider audience. Content represented & wider r&nge of illustration techniques including lithography, coll&ge and comics, offeringcle&r and &chiev&ble outcomes in fun and inform&1 learning environment. "Very accessible and good to use eueryday nzaterials- "This was agood formula because itgaue me somethingtangible euen thoughIin not in the field, it's notp(zrt ofan ongoing deuelopnzent, itjust gaue me a chance to try 22
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 somethingIadmire from the outside. Similar workshops that ujork as one-off forays, ujouzd be gre(zt for me.- 'M&ke A...'workshop p&rticip&nts We continued to build on the access improvements made in 2022 by offering concession rate tickets and payment plans, pilotingpay-wh&t-you-can and repl&y tickets, trialling daytime slots to support caring responsibilities, and redesigning slides to improve accessibility. 210A of p&rticip&nts who completed ev&lu&tion &nd monitoring forms told us they have/identify as having a dis&bility, an increase of 5% from the previous ye&r. What's next We are exp&nding provision of existing courses and developingnew shorter courses with & lower price pointto meet demand. We are also developinga strand of larger sc&le talks that complement and support curatorial themes. workingwith external p&rtners to ensure representation and attract &wider audience. Alongside the development of exhibition plans for the new Centre. we will plan our adult learningprogramme ready for opening. 23
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Community and family engagement Pilot projects with conununity groups Between March and August 2023 we delivered four pilot projects with local community groups and illustr&tor-educ&tors, enabling us to build relationships with loc&1 &udiences and test different ways of working. These co-developed projects culminated in & community exhibition at Angel Centr&l &s part of our Nation&1 Illustr&tion D&y celebrations. The projects and relationships formed will feed into future projects. @ Lindsey Glen The Peel Instituteartistparticipants atthe Community celebration event in November 2023 24
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Building on our existing relationship with The Peel Institute, Grace Holliday worked with & group of older adults, cre&tingclaypl&ques and freest&ndingp&per pieces &s well &s & map of the New River. There were &tot&l of 210 instances of engagement across 15 sessions. LJ ventin& Zunino Artist participants from The Peel Institiite's gTollpworkingwith clay duringa session with illustrator &nd edueator Grace Holliday Illustrator Jhinuk Sark&r worked th Islington Mind's M2M (Mother to Mother) peer-support groupwhich comprises mothers of mental health service users, many of whom are experiencingtheir own challenges &s a result. They explored a range of printing techniques including colloidal and cy¬yping, incorpor&tingtheir own photogr&phs &nd textile workto create &'river' of images. There were 135 inst&nces of engagement duringthe 15 sessions. Ossi Ron, services m&n&ger at Islington Mind, s&id th&t the project WaS'7neaningz. and gaue the u30en stability ofregular engagement - something to ujork on and look forward to"whichw&sveryimportant to them. 25
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 8P* @ Valentina Zunino An artist participant from Islington Mind's M2M Imotherto Mother) gTOUP experimenting with CnOtYpe printingduringasession with illllstrdtor and educator Jhinuk Sarkar For the other two we partnered with arts and community organis&tion All Change. Illustr&tor Lily Ash S&kul& worked with Inspire, & group of young parents. Inspired by the idea of 'Rest', they and their children created ch&r&cters and brought toys to life through &nim&tion. and the fin&1 film was soundtr&cked by their commun&1 poem. There were &pproximately 48 instances of engajgement &cross the project. Al& Als&raii worked with the B Creative group of youngwomen &ctivists &ged 16-25. The group wrote individual poems and illustrated them usingAl&&'s &n&logue-to-digital techniques, en&blingthem to learn digital &rt skills. There were approximately15 instances of engagement across the project. 'IfeeZ thatIenjoyed Zooking back at old me7nories (zndjust appreciating the little detailsjust makes me so happy...I'ue reallypushed myselfso much and tried something that s out ofmy comfortzone" All Ch&nge/Inspire project particip&nt 26
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Open House Festival 2023 We welcomed 350 guests to an open d&y at New River He&d &s p&rt of Open City's London Open House festiv&lon 16 September. Visitorswere invitedto t&ke a self-led tour of the site to le&rn &bout the site's fascinating heritage, see &rchitectur&l pl&ns and models. and meet the &rchitects and Centrete&m to hear about our plans. f¢ Photos @ventIna Zunino Water aecess Cover spotter sheet @ Toya W&lker 2023 AsitOr at our open d&y8t New River Head &% p8rt of Open House FesLival 2023 Illustr&tor Toya Walker created & family'spotter trail, to help our younger visitors n&vigaJte the site. F&milies particulaTrly enjoyed identifyingthe different water access covers. There was also a consultation activity where our visitors could tell us wh&t they thought of our wayfinding illustrations. @ Valentina Zunino What do these symbols mean to you? Testingour wayfindingillusLr&tions at our open day atNew Rivei. Head &8 part of Open House Festiv 2023 27
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Pop Up Events We worked with loc&1 partners to deliver five f&mily events, reaching & total of 205 people. Highlights included & session &tthe Museum ofthe Order of St John in August, exploringbotanic&l illustration techniques inspired bymedicin&l plants in their garden, led by illustr&tor Toy& Walker. Glow in the Angel, & community winter light switch-on event, saw familes working together to create lanterns designed by Jhinuk S&rk&r. Lily Ash S&kula led two family sessions &t St Luke's Community Centre and Isabel Benavides led a session at PinsburyLibr&ry. @Lindsey Glen Partieip&nts joined us for a family Se&ort at St Luke's Conmiunitycentre. The first N&tion&l Illustration Daytook place 24 November 2023. A partnership with Angel Central shopping centre provided us with an opportunity to engajge families and shoppers with illustr&tion activities over three days in our pop-up sp&ce. Images were sc&nned and added to our online gajllery andtothe walls of the shop. 581 people engagedwith the Centre team, discoveringmore &bout ourplans for New River Head and enjoyingthe opportunityto illustrate their celebr&tions. National Illustration D&y 2023 was m&de possible through the generous support of the John S Cohen Found&tion. 28
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Il. NATIONAL Quentin Blake Centre for Illustration Nifty50Digital Visitors to the Qiientin Blake Centre for Illustration pop-up Studioon National Illustr&tion D&y 202& Angel Centr2J in IslingLon. What's next? In 2024 we will cement existingrelationships and build new links as we progress towards openingthe Centre. New projects include a four-week digit&l &rts project with Holborn CommunityAssociation. ledbyAla&Alsar&ii. as part of their Roots/Routes theme. Loc&1 community groups11 also be engaged, co-developing outdoor play opportunities and family interpretation. We will &lso be undertaking family &ctivities with the Museum of the Order of St John, Little Angel Theatre, Westminster Abbey and Whitecross Street Party, helpingus to plan programmes for the future Centre. 29
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 ELnpowering young illustrators through their schools School projects Our in-person, in-school illustration offer continued to engage pupils in 2023 through bespoke workshops designed to bringthe classroom curriculum to life. Nine schools engaged with us from Islington, Camden. Haringey and Essex.with atotal of 608 pupils representing & 10.5% increase on 2022. Longer-term, multi-session projects allowed schools to experience different techniques, workingtowards & larger coll&bor&tive piece. Across five days &nd nine classes (270 pupils), H&rgr&ve Park students worked th Grace Holliday to develop their mark-makingskills. 20 pupils from Regent High School and the Poetry Society wrote poems on the theme ofbe&uty &ndworked with Julie Vermeille to illustrate them.A further seven schools (286 pupils) engaged online usingour Let's Illustr&te resources, distributed free via the Islington Council's Ilxll cultural educ&tion scheme. As part of National Illustration Day, the Centre offered free sessions to schools within a mile of Angel Central, &nd 180 children from six classes (out of & possible nine) took p&rt. Key St&ge One cl&sses from Myddelton Primary and Thornhill Primary School helped us to pilot & new sessionbased on Quentin Blake's storyAngelica Sprocket's Pockets. & sensorytale brought to life by storyteller Olivia Armstrong. which takes children on &n imagin&ry walk alongthe New River. Key Stage Two pupils from St Mary's CE Prim&ry School took part in'meet the Illustr&tor' sessions with Grace Hollid&y, where they explored aspects of Grace's textile illustration techniques, designed their own typogr&phy and created & patchwork from their finished illustr&tions. 30
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 IIIWl-• @ GT2Le Holliday Pllpils at HargTave Park experimentingwith mark making 35 te&chers attended an online National Illustration Day CPD with Toya Walker and LilyAsh Sakul& with a recordingandresources made &vailableto &ll schools vi&the Centre website. "Gettingchildren to druw is an e7notional barrier, so it would be great to see artwork and do actiuities that takeyou on a step by stepjourney.- Focus groupteacher. March 2023 Further and Higher Education In October, we took part in & Speedview event at New City College, meeting25 16-18 year olds from & variety of courses including Media Studies and Tr&vel and Tourism for careers conversations and mock interviews. These events provide students with industry insights and opportunities to hone their communic&tions skills. We h&ve contributed to seminars for MA Illustr&tion courses at UAL C&mberwell and Royal College of Art. thinking &bout expanded illustration practices &nd community illustr&tion. Twenty students from Falmouth UniVersitS BA Illustr&tion course 31
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 enjoyed &tour of New River Head in March. In October London Metropolit&n University's MA Interior Architecture students took New River Head as the inspir&tion for & project with Tower Hamlets secondary art students &nd their own practice. Theyvisited the site. developed activitiesth illustr&torAla&Als&r&ii to deliverto the school students, and had an online Q&A session about the Centre as part of the process. Across the ye&r this resulted in 269 instances of engaJgement th the further and higher education sectors. What's next? We are further testingonline CPD to supportthe Centre's touringprogr&mme, initi&lly with Rugby Art G&llery and Museum. Le&rnings from N&tion&l Illustr&tion D&y will inform this year's activities, with & focus on providingteachers with the tools to engage students &cross the curriculum. We will continue to consult with teachers to inform our future progr&mmes. We will alsobe buildingrelationshipswith local te&cher trainingproviders and school alliances to develop partnerships with the Centre for early career teachers, upskilling them and developingtheir confidence with usingillustration as & teaching &nd le&rningtool. We will be workingwith Islington Council's World of Work progr&mme &nd Inspire Education Business Partnership to talkto secondary and further education students about c&reers in illustration and the cultural sector. taking part in events &nd careers panels. 32
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 Developing a sustainable business and operating model A new home at New Biver Head At the end of 2022 we received confirmation of & Stage I development grant from The National Lottery Heritage Fund. This enabled an in-depth, comprehensive progr&mme of work, encomp&ssing architectural. gallery. landscape &nd IT/AV infrastructure &nd &ccess design, as well as activity, interpretation, conservation, management and business planning. A successful Round 2 Heritage Fund applic&tion was submitted. bringing a further £3.75mn of investment into the project. Combinedwith a further £2mn of grants and philanthropy secured duringthe year. we are now at 85'A of our target. In 2023 we received £541,000 in revenue income to support our ambitions for the future Centre. £41.000 of income was generated from rental of New River He&d for filming. Notable philanthropy in support of progr&mmingincluded: - the continued support of the John Ellerman Found&tion forthe creation of our online collection, showc&sing the history of illustration with digit&l m&teri&l from museums, archives &nd personal collections, sharingthe under-told stories of a diverse group of illustrators - A multi-year pledge from the Barbara and Philip Denny Trust to support the Centre's in&ugur&l illustration commissions, embracing a range of illustration pr&ctices &nd supporting illustr&tors through major commissions - A gr&nt from Google Arts & Culture to create & series of illustration articles, exploring often overlooked illustr&tions that are vibrant and ingenious ex&mples of creative visu&l communication (to be publicly launched from spring 2024) Our Illustration Angels supporters programme continues to grow, supporting our annu&l progr&mme ofwork.We're pleased to h&ve also relaunched the Quentin Blake Centre for Illustration Friends programme this ye&r. We're gr&teful to the many local residents and illustr&tion fans who contribute. 33
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 An auction of newworksby Quentin raised nearly£250.000 to support the Centre while it prepares to begin work onthe New River Head projec( with thanks to Bonhams for facilitatingthe sale. People and facilities Quentin Blake Centre employs 14 people in 111 full-time-equiv&lent roles. A generous grant is enablingus to expand fundr&isingc&pacity, both to complete the c&mp&ign and to ensure we h&ve sufficient revenue fundingto deliver our progr&mmes at the new Centre. An office has been establIshedthin the communicationsbusiness L&nsons in Farringdon, & short walk from the New River Head site, enabling hybrid working and in-person meetings. In April Nicholas Durbridge completed his long tenure as a Trustee, although we &re grateful th&t he h&s rem&ined & VUed member of the Capital Projects and Finance Committees. Tr&cey-Joy Harrison &lso stepped down due to a move oversea& we thank her for her support and input. Mel&nie Johnson joinedthe Bo&rd in M&rch &nd an open recruitment process &lso s&wthe appointment of Munesh Makhani, P&m Raynor &nd Stell& Toonen who join inApril 2024. A structure of sub-committees and advisory p&nels brings different perspectives to the leadership of the charity &nd we &re gr&teful to all who generously give their time. We continue to develop our recruitment and employment practices to attract &nd support diverse c&ndid&tes. Me&sures include online open evenings, anonymised shortlisting, large-print packs and the option ofvideo &pplic&tions for some roles, adv&nce questions where &ppropri&te for the role, fair lead-times for presentations &nd gu&ranteed interviews for disabled applic&nts or those from under-represented herit&ge who meet minimum criteria forthe role. What's next? With planning &pprov&l in place, we are working on securing the final funds for our camp&ign and begin construction works this year. Alongside the capital works, a progr&mme of community engajgement will begin solidifying current relationships while fostering new neighbourhood relationships. 34
Quentin Blake Centre for Illustration Trustees Report fortheyearended 31December 2023 We will continue to consult and engagewith local residents on pl&ns forthe new Centre, both to minimise disruption during construction &nd to ensure & strong sense of welcoming. ownership and belonging. .1 u Vaientina Ziinino Visitors l(K>king &t plans forthe new Quentin BlaJte Centreforlllustration in the WindmillB2se duringouropen day &t New River Head as part of Open House Festival 2023 35
Quentin Blake Centre for Illustration Trustees. Report for the year ended 31 December 2023 People Peter Finem&n Founder Trustee Judy Gibbons Quentin Blake Larissa Joy Trustees Martha Kearney PeterAndrews Colin McKenzie D&lw&rdin B&bu OBE Axel Scheffler Peter B&rron Richard Bawden Artistic Progranllne Advisory Panel Samantha Colt Marion Deuchars Sarah Culshaw Ellie Head Ellie Head (Trustee) Mel&nie J. Johnson Peter Nencini John Kampfner (Chair) Ligaya Sal&z&r Munesh Mahtani Yimiao Shih P&m Raynor Annie W&rburton Stell& Toonen Joy Yamus&ngie Cl&udia Zeff (Deputy Chair) M&ggie Yang Cl&udi& Zeff (Trustee) Ambassadors Quentin Blake Capital Project Sub-comnllttee Anthea Carver Peter Andrews (Ch&ir, Trustee) Jeremy Carver Lauren Child Lauren Child Alan Cook Sar&h Culsh&w Nicholas Durbridge Nicholas Durbridge Peter Finem&n 36
Quentin Blake Centre for Illustration Trustees. Report for the year ended 31 December 2023 Jenny Higham Jacqueline Worswick John Kampfner (Trustee) Cl&udi& Zeff (Trustee) Cl&udia Zeff (Trustee) Nominations cOnllttee c0nlllluctl0lls Advisory Panel D&lwardin Babu (Trustee) Richard B&wden (Trustee) Peter Barron (Trustee) S&m&nth& Colt (Ch&ir, Trustee) Sophie Brendel M&rion Deuchars (Trustee) John K&mpfner (Trustee) John K&mpfner (Trustee) Ch&rlotte Sidwell Cl&udi& Zeff (Trustee) Claudia Zeff (Trustee) Finance Committee Richard Bawden (Ch&ir, Trustee) Nichol&s Durbridge Clive Hinds John K&mpfner (Trustee) P&m Raynor Fundraising Board Peter Barron (Chair. Trustee) Sam&nth& Colt (Trustee) Anne-Louise Fisher Mel&nie J.Johnson (Trustee) John Kampfner (Trustee) 37
Quentin Blake Centre for Illustration Trustees. Report forthe ye&rended 31December 2023 Supporters The Buffini Chao Foundation Finem&n F&mily Trust The Golden Bottle Trust John S Cohen Foundation Myddelton Square Associ&tion The Philip and Irene Toll G&ge Foundation With thanks to all of the Centre's supporters, past and present, includingthose who prefer to remain anonymous and those not listed he. Together, their support represents a significant contribution to the work of the Centre, championingillustration for all. statutory funders Clerkenwell Ward Councillors via the Islington Community Infrastructure Levy The National Lottery Heritage Pund IndidUal donors B&rbar& Bannister Peter and Juli& B&rron Gr&ham and Joanna B&rker Richard and Carolyn B&wden Quentin Bl&ke S&m&ntha Colt S&rah Culshaw Peter D&rr&h Nicholas andLinda Durbridge Mich&el and M&rgaret Fowle Judy Gibbons Jenny Higham and Ed Naylor Bella Ho&re Patrick J&nson-Smith and Anne Louise Fisher Melanie J. Johnson John K&mpfner and Lucy Ash Mike Kirk Sir Richard Lambert and Harriet Murray-Browne Dave &nd Lisa Mason The John Murr&y Family Paul and Anne Nurse Eliz&beth Pryce Caroline Royds Dai Smith and Susan Gostick Paul Thornton Tnists, foundations and coMpaeS The B&nd Trust City Bridge Trust Fantastic Peach Foundation, Roald D&hl Story Company and Dahl f&mily The Foyle Foundation G&rfield Weston Found&tion G&tsby Ch&ritable Found&tion Islington BuildingPreserv&tion Trust Kusum& Trust Robert Gavron Charitable Trust The Wolfson Poundation CHK Found&tion Google Arts & Culture Heritage of London Trust John Ellerm&n Found&tion The Barb&ra &nd Philip Denny Charitable Trust TIOC Foundation Triad Foundation Amwell Society Atkin Ch&rit&ble Found&tion 38
Quentin Blake Centre for Illustration Trustees. Report forthe ye&rended 31December 2023 Richard andJacqueline WorSck Cl&udia Zeff &ndJohn Brown House of Illustration Founders Sir Quentin Blake Susan Bre&ley John &nd Amanda Burley Anthe& C&rver Rebecca E&stmond The Robert Gavron Ch&rit&ble Trust Lord Gr&ntchester Lariss& Joy Joann& Lumley OBE Sir Alan and L&dy Parker Jeremy S&cher Cl&udia Zeff &nd John Brown 39
Quentin Blake Centre for Illustration Trustees. Report forthe ye&rended 31December 2023 Reference and Administrative Details Method of appointment or election of Trnstees The m&n&gement of the company &nd the group is the responsibility of the Trustees who are elected &nd co-opted under the terms of the Memorandum and Articles of Association. Company Registered Number 04484943 Ch&rity Registration Number 1095210 Registered Office 75 Maygrove Ro&(L London, NW6 2EG Company Secretary M&rtin Saunders Auditors Goldwins Limited, 75 Maygrove Road, London, NW6 2EG Bankers HSBC, City of London Branch, 60. Queen Victori& Street, London, EC4N 4TR 40
Quentin Blake Centre for Illustration Trustees. Report forthe ye&rended 31December 2023 stnicture, govern&nce and Jn&nageJnent Quentin Blake Centre for Illustration is registered as & ch&rit&ble company limited by gu&r&ntee (charity number 1095210) andwas set up and is constituted by & Memorandum ofAssoci&tion on 09107/2002. Ch&ritable objects The objects ofQuentin Blake Centre for Illustration are to educate the public in the &rt of illustr&tion, in particular by owning, man&ging and operating & space open to the public for the displ&y &nd study of the works of illustrators &nd associated pictures. drawings, sketches and illustr&tions, works of liter&ture, artefacts and objets d'art. We h&ve referred to the guidance contained inthe Charity Commission's general guidance on public benefit when renewing our aims &nd objectives and in planning our future activities. Beserves policy Quentin Blake Centre for Illustration's unrestricted reserves at 31 December 2023 were in deficit £117,985 (2022unrestricted reserves £77,889). The Trustees are concerned to maintain adequate level of reservesto en&ble Quentin Blake Centre for Illustr&tionto carry out its charitable objectives. The Trustees consider th&t there is adequate &ssur&nce that Quentin Blake Centre for Illustr&tion can fund operating deficits now &nd arising in future years. More detail is provided in note l(b) on goingconcern. Bisk llngement The Trustees have reviewed the major risks to which the charity is exposed and systems have been established to manage those risks. While this cannot provide absolute assurance, the trusteesbelieve that the steps t&kenwill en&ble Quentin Blake Centre for Illustrationto pursue its objectives. No material uncert&inties that may cast significant doubt about the ability of the charity/ comp&ny to continue as a going concern have been identified by trustees. 41
Quentin Blake Centre for Illustration Trustees. Report forthe ye&rended 31December 2023 statement of Trustees, responsibilities The Trustees (who are also directors of Quentin Bl&ke Centre for Illustration for the purposes of company law) are responsible for prep&ringthe Trustees, Report and the fin&ncial statements in accordance with applicable law and United Kingdom Accounting St&nd&rds (United Kingdom Gener&lly Accepted AccountingPr&ctice). Comp&ny l&w requires the Trustees to prep&re financi&l statements for e&ch financial year. Under company law the Trustees must not approve the financi&l statements unless they are satisfied that they give & true and fair view of the state of &ff&irs of the charitable companyand ofthe incomingresources and applic&tion of resources, including the income and expenditure, of the charit&ble comp&ny forthat period. In preparingthese financial statements. the Trustees are required to: Select suitable accounting policies and apply them consistently. Observe the methods and principles in the Charities SORP; Make judgements and estimates that &re reasonable and prudent: Prepare the fin&ncial st&tements on the going concern b&sis unless it is in&ppropri&te to presume that the charitable comp&ny will continue in oper&tion. The Trustees are responsible for keeping adequate accounting records th&t are sufficient to show and expl&in the ch&rit&ble company's tr&ns&ctions &nd disclose with reasonable accur&cy at any time the fin&nci&l position of the ch&ritable company &nd enable them to ensure that the financial st&tements comply with the Companies Act 2006. They are also responsible for safeguardingthe &ssets of the charit&ble company and hence for takingreasonable steps forthe prevention and detection of fr&ud and other irregularities. Bemuneration of key management personnel The principles and guidelines relatingto staff pay and remuner&tion are reviewed &nnu&lly by members of the Finance Committee th recommend&tions to the board. There &re annual staff appr&isals for all Quentin Blake Centre for 42
Quentin Blake Centre for Illustration Trustees. Report forthe ye&rended 31December 2023 Illustration staff and any adjustments or changes to staff terms &nd conditions of employment or p&y are recommended to the bo&rd by the Director. Disclosure of information to auditor Each of the persons who are Trustees atthe time whenthis Trustees, Report is approved has confirmed that: So f&r &s th&t Trustee is &wae, there is no relev&nt &udit inform&tion of which the charitable coMpanS auditor is unaware, and th&t Trustee h&s taken all the steps th&t ought to have been taken &s Trustee in orderto be aw&re of anyinformation needed bythe charitable comp&ny's &uditor in connection th preparing its report &nd to establish that the ch&ritable comp&ny's auditor is &wae of that information. Auditor A resolution for the re&ppointment of Goldwins as &uditor of Quentin Blake Centre for Illustr&tion for the ensuing year 11 be proposed &t the forthcoming Annu&l General Meeting in accordance with section 495 of the Companies Act 2006. This reportwas approvedbythe Trustees on 09 April 2024 and signed ontheir beh&lf by John K&mpfner, Chair. 43
Independent Auditor's Report To the members of Quentin Blake Centre for Illustration Independent Auditor's Report Opinion We have audited the financial statements of Quentin Blake Centre for Illustr&tion for the year ended 31 December 2023 which comprise the St&tement of Financi&l Activities, the B&l&nce Sheet. st&tement of c&sh flows and the related notes. The financi&l reportingframework that has been &pplied in their preparation is applic&ble l&w and United Kingdom Accounting St&nd&rds, including Financial Reporting Standard 102: The Financi&l Reportingstandard applicable inthe UK &nd Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Oplon on fancIal st&teJnents In our opinion the fin&ncial statements: give a true and f&ir view of the st&te of the ch&rit&ble company's &ff&irs as at 31 December 2023 and of its income and expenditure forthe year then ended: have been properly prepared in accordance with United Kingdom Gener&lly Accepted Accounting Practice: and have been prepared in accordance with the requirements of the CompaniesAct 2006. Basis for opinion We conducted our audit in &ccordance with International St&nd&rds on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those st&nd&rds are further described in the Auditor, s responsibilities for the audit of the financial statements section of our report. We &re independent of the Charity in &ccordance th the ethical requirements th&t are relevant to our audit of the financial st&tements in the UK, including the FRC, s Ethical St&nd&rd and we h&ve fulfilled our other ethic&l responsibilities in &ccord&nce with these requirements. We 44
Independent Auditor's Report To the members of Quentin Blake Centre for Illustration believe th&t the audit evidence we h&ve obtained is sufficient and appropri&te to provide & basis for our opinion. Conclusions relating to going concern In auditing the financi&l st&tements, we have concluded that the trustees, use of the goingconcern basis of accounting in the prep&ration of the financi&l statements is appropriate. Based on the work we have performed. we have not identified &ny material uncert&inties relatingto events or conditions th&t, individually or collectively, m&y cast significant doubt on the charity's ability to continue &s & going concern for a period of at least twelve months from when the financi&l statements are &uthorised for issue. Our responsibilities and the responsibilities of the directors with respect to goingconcern are described inthe relevant sections of this report. other information The trustees are responsible for the other information. The other inform&tion comprises the information included in the &nnu&l report other than the financial statements and our auditor, s report thereon. Our opinion on the fin&ncial statements does not cover the other inform&tion and. except to the extent otherwise explicitly st&ted in our report, we do not express any form of assur&nce conclusion thereon. In connection th our audit of the fin&nci&l st&tements, our responsibility is to read the other information and, in doing so, consider whether the other inform&tion is materially inconsistent with the financial statements or our Itnowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misst&tements, we &re required to determine whether there is & material misst&tement in the financi&l statements or a material misstatEment of the other inform&tion. If, based on the work we have performed, we conclude th&t there is & m&teri&l misst&tement of this other information, we are required to report that fact. 45
Independent Auditor's Report To the members of Quentin Blake Centre for Illustration We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undert&ken inthe course of the audit: the information given in the trustees, report (incorpor&ting the directors, report) for the financial year for which the fin&nci&l statements are prepared is consistent with the fin&nci&l statements: and the trustees, report (incorporatingthe directors, report) have been prepared in accordance with applicable leg&1 requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the Ch&rity and its environment obt&ined in the course of the audit, we have not identified material misstatements in the Trustees, Anllll Report. We have nothing to report in respect of the following matters where the Comp&nies Act 2006 requires us to report to you if. in our opinion: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited byus; or the financial st&tements are not in agreement with the accounting records and returns; or cert&in disclosures of trustees, remuneration specified by law are not made: or we have not received all the inform&tion and expl&nations we require for our &udit. Besponsibilities of the trustees As explained more fully in the Trustees. Responsibilities St&tement, the trustees (who are also the directors of the charit&ble comp&ny for the purposes of comp&ny law) are responsible for the prepar&tion of the financial statements and forbeingsatisfied that they give a true &nd fair 46
Independent Auditor's Report To the members of Quentin Blake Centre for Illustration view and for such intern&1 control as they determine is necessary to enable the preparation of financial st&tements that are free from material misstatement, whether due to fraud or error. In prep&ring the fin&ncial statements, the trustees are responsible for assessing the Charity's ability to continue as & going concern, disclosing, as applicable, matters related to goingconcern &nd usingthe going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or h&ve no re&listic alternative but to do so. Our responsibilities for the audit of the financi&l statements Our objectives &re to obt&in reasonable &ssur&nce about whether the financial statements &s & whole are free from m&teri&l 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 assur&nce, but is not & guarantee that an audit conducted in accordance with ISAS (UK) will always detect a m&terial misstatement when it exists. Misst&tements can &rise from fraud or error and are considered material if, individually or in the aggreg&te, they could re&son&bly be expected to influence the economic decisions of users taken on the basis of these financial st&tements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect m&teri&l misstatements in respect of irregularities, including fraud. The extent to which our procedures &re capable of detecting irregularities, including fraud &re set outbelow. In ident1"llg and assessing risks of m&terial misstatement in respect of irregularities. including fraud and non-compliance with laws &nd regulations, our procedures included the follon. We enquired of m&n&gement, which included obtaining and reviewing supporting documentation. concerning the charity's policies &nd procedures relatingto: 47
Independent Auditor's Report To the members of Quentin Blake Centre for Illustration Detecting, evaluating. and complyingwith l&ws and regulations and whether they were aware of any inst&nces of non- compli&nce; Detecting of the risks of fr&ud and responding whether they have knowledge of &ny actual or suspected fr&ud; We obtained an understandingofthe legajl and regul&toryframework th&t the ch&rity operates in. focusing on those laws and regulations th&t h&d & m&teri&l effect on the financial statements or th&t h&d fundamental effect on the operations of the charity from our professional and sector experience. We performed an&ly6ic&l procedures to detect any unusual or unexpected relationships that may indic&te risks of material misstatement due to fraud. Bec&use of the inherent limitations of an audit, there is a risk that we will not detect &ll irregul&rities. including those le&ding to & material misstatement in the fin&ncial statements or non-compli&nce with regul&tion. The risk is also greater regarding irregul&rities occurring due to fr&ud rather th&n error. as fraud involves intention&l conce&lment, forgery, collusion. omission or misrepresent&tion. A further description of our responsibilities for the audit of the financi&l statements is loc&ted on the Financial Reporting Councili s website at: [www.frc.org.uV&uditorsresponsibilitiesl. This description forms part of our auditor's report. 48
Independent Auditor's Report To the members of Quentin Blake Centre for Illustration Use of our report This report is made solely to the charit&ble coMpanS members, as body, in &ccordancewith Chapter 3 ofPart16 ofthe Comp&niesAct 2006. Our &udit work h&s been undertaken so that we might state to the ch&rity's members those matters we &re required to state to them in &n auditor's report &nd forno otherpurpose. Tothe fullest extent permitted by law, we do not accept or assume responsibility to anyone other th&n the ch&rity &nd the charItS members as & body. for our audit work. for this report, or for the opinions we have formed. Anthony Epton (Senior StatutoryAuditor) for and on beh&lf of Goldwins Limited St&tutory Auditor Ch&rtered Account&nts 75 Maygrove Road West H&mpste&d London NW6 2EG 10 September 2024 49
Quentin Blake Centre for Illustration Consolidated Statement of Financial Activities
(incorporating an income and expenditure account) For the year ended 31 December 2023
| Restricted Funds Unrestricted Funds Note £ £ Income from: Donations and legacies 3 666,650 407,014 Charitable activities 4 - 132,356 Other trading activities: Trading activities - 47,238 Investments 5 - 21,558 Total income 666,650 608,166 Expenditure on: Raising funds: Voluntary income - 156,487 Trading activities - 5,455 Charitable activities 123,452 642,098 Total expenditure 6 123,452 804,040 543,198 (195,874) Net gains / (losses) on investments - - 7 543,198 (195,874) Transfers between funds - - Net movement in funds 543,198 (195,874) Reconciliation of funds: Total funds brought forward 3,928,003 77,889 Total funds carried forward 4,471,201 (117,985) All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements. Net income / (expenditure) before net gains / (losses) on investments Net income / (expenditure) for the year |
2023 Total Funds £ 1,073,664 132,356 47,238 21,558 1,274,816 156,487 5,455 765,550 927,492 347,324 - 347,324 - 347,324 4,005,892 4,353,216 |
2022 Total Funds £ 1,993,631 117,245 79,493 2,617 |
|---|---|---|
| 2,192,986 | ||
| 97,501 14,418 594,592 |
||
| 706,511 | ||
| 1,486,475 - |
||
| 1,486,475 - |
||
| 1,486,475 2,519,417 |
||
| 4,005,892 | ||
50
Quentin Blake Centre for Illustration Balance sheet As at 31 December 2023
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||
| Note | £ | £ | £ | £ | |
| Fixed assets: | |||||
| Tangible assets | 10 | 3,657,740 | 3,501,071 | 3,657,740 | 3,501,071 |
| Investments | 11 | - | - | 1 | 1 |
| 3,657,740 | 3,501,071 | 3,657,741 | 3,501,072 | ||
| Current assets: | |||||
| Debtors | 12 | 128,315 | 419,780 | 438,516 | 811,683 |
| Cash at bank and in hand | 1,797,875 | 1,354,905 | 1,727,096 | 1,231,044 | |
| 1,926,190 | 1,774,685 | 2,165,612 | 2,042,727 | ||
| Liabilities: | |||||
| Creditors: amounts falling due within one | 13 | (58,742) | (64,864) | (58,701) | (64,846) |
| Net current assets | 1,867,448 | 1,709,821 | 2,106,911 | 1,977,881 | |
| Liabilities: | |||||
| Creditors: amounts falling due after one | 14 | (1,171,972) | (1,205,000) | (1,171,972) | (1,205,000) |
| Total net assets | 4,353,216 | 4,005,892 | 4,592,680 | 4,273,953 | |
| Funds | 15 | ||||
| Restricted funds | 4,471,201 | 3,928,003 | 4,471,201 | 3,928,003 | |
| Unrestricted funds: | |||||
| General funds | (117,985) | 77,889 | 121,479 | 345,950 | |
| Total funds | 4,353,216 | 4,005,892 | 4,592,680 | 4,273,953 |
The financial statements have been prepared in accordance with the special provisions for small companies under Part15 of the Companies Act 2006.
Approved by the trustees on 09 April 2024. and signed on their behalf by:
John Kampfner Chair of Board of Trustees
Company registration no. 04484943
The attached notes form part of the financial statements.
51
Quentin Blake Centre for Illustration Consolidated Statement of cash flows For the year ended 31 December 2023
| Note Cash flows from operating activities: Net cash provided by / (used in) operating activities 17 Cash flows from investing activities: Interest/ rent/ dividends from investments Sale/ (purchase) of fixed assets Cash provided by / (used in) investing activities Cash flows from financing activities: Cash inflows from new borrowing Cash outflows from repaid borrowing Cash provided by / (used in) financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 18 Change in cash and cash equivalents due to exchange rate movements |
2023 £ 21,558 (165,736) |
2023 £ 620,176 (144,178) (33,028) |
2022 £ 2,617 (207,013) |
2022 £ 1,411,323 (204,396) (305,000) |
|---|---|---|---|---|
| 1,000,000 (1,033,028) |
- (305,000) |
|||
| 442,970 1,354,905 - |
901,927 452,978 - |
|||
| 1,797,875 | 1,354,905 |
52
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2023
- 1 Accounting policies
a) Basis of preparation
The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102) and the Companies Act 2006.
The charitable company 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 or note.
b) Going concern
In 2020 Quentin Blake Centre for Illustration raised a £1 million loan facility from Architectural Heritage Fund to cover the costs of obtaining planning permission for the redevelopment of its new site at New River Head and its operating costs while doing so. In July 2023 the London Borough of Islington granted planning and listed building consent for the proposed redevelopment . In June 2023 an increased loan facility of £1.98 million was secured from Charity Bank, £1 million to repay Architectural Heritage Fund, with the balance to be made available on reaching certain fundraising targets. Quentin Blake Centre for Illustration’s ability to fund its accumulated operating deficit at 31st December 2023, and any such deficits arising in future years, and to repay debt is further assured through a generous bequest. Accordingly, the trustees consider that there are no material uncertainties about the group’s ability to continue as a going concern. .
In common with many charities, Quentin Blake Centre for Illustration relies upon fundraising events and donations for a substantial part of its annual income. Inevitably, there is some uncertainty in estimating these amounts and, accordingly, the trustees take a prudent view of them when considering the group’s cash flow projections.
c) Basis of consolidation
These financial statements consolidate the results of the charity and its wholly-owned subsidiary Quentin Blake Centre Trading Company Limited on a line by line basis. Transactions and balances between the charity and its subsidiary have been eliminated from the consolidated financial statements. Balances between the companies are disclosed in the notes of the charity's balance sheet. A separate statement of financial activities, or income and expenditure account, for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006.
d)[Income]
Incoming resources are recognised in the period in which the group is entitled to receive them and the amount can be measured with reasonable certainty and it is probable that income will be received. Income is deferred only when the group has to fulfil conditions before becoming entitled to it or where the donor or funder has specified that the income is to be expended in a future accounting period.
Grants from government and other agencies have been included as income from activities in furtherance of the group's objectives where these amount to a contract for services, but as donations where the money is given in response to an appeal or with greater freedom of use, for example monies for core funding.
- e) Expenditure Expenditure is included in the statement of financial activities when incurred and includes attributable VAT which cannot be recovered.
Expenditure comprises the following:
-
a. The costs of activities in furtherance of the charity's objectives comprise expenditure on the charity's primary charitable purposes as described in the trustees' report.
-
b. The costs of raising funds comprises the expenditure incurred by the trading company and the charity and consists of salaries, direct costs and overheads.
-
c. Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the group it is necessary to provide support in the form of financial procedures, provision of office services and equipment and a suitable working environment. Salary costs have been allocated based on staff time.
53
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2023
1. Accounting policies (continued)
f) Tangible fixed assets
Assets costing in excess of £250 and with an expected useful life exceeding one year are capitalised.
Depreciation is charged on these assets at the following annual rates in order to write them off over their estimated useful lives:
Long Term Leasehold Property Over the period of the lease Fixtures & Fittings 25% straight line Computer equipment 20% straight line Other fixed assets 20% straight line
No Depreciation is provided for New River Head lease, since the trustees believe it to be appreciating in value.
g) Investments
Investment in the subsidiary company is stated in the charity at cost.
h) Stocks Stocks are valued at lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
i) Leased assets Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the statement of financial activities on a straight line basis over the life of the lease.
Assets purchased under hire purchase agreements are capitalised as fixed assets. Obligations under such agreements are included in creditors. Charges are written off to the SOFA over the period of the agreement so as to produce a constant periodic rate of charge.
j) Fund accounting
The unrestricted fund comprises those monies which may be used towards meeting the charitable objectives of the group and which may be applied at the discretion of the trustees.
The restricted funds are monies raised for, and their use restricted to, a specific purpose, or donations subject to donor-imposed conditions.
54
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2023
2 Detailed comparatives for the consolidated statement of financial activities
| Income from: Donations and legacies Charitable activities Other trading activities: Trading activities Investment income Total income Expenditure on: Raising funds: Voluntary income Trading activities Charitable activities Total expenditure Reconciliation of funds: 3 Income from donations and legacies Trusts & Foundations and Individual donations 4 Income from charitable activities Exhibition admissions, touring fees and education and event programme Total income from charitable activities 5 Investments Interest Net (expenditure) for the year Net income / (expenditure) before net gains / (losses) on investments Net gains / (losses) on investments Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward |
Restricted Funds £ 666,650 666,650 Restricted Funds £ - - Restricted Funds £ - - |
2022 # 2022 Restricted Funds Unrestricted Funds £ £ 547,509 1,446,122 - 117,245 - 79,493 - 2,617 547,509 1,645,477 - 97,501 - 14,418 48,238 546,354 48,238 658,273 499,271 987,204 - - 499,271 987,204 - - 499,271 987,204 3,428,732 (909,315) 3,928,003 77,889 2023 Unrestricted Funds Total Funds £ £ 407,014 1,073,664 407,014 1,073,664 2023 Unrestricted Funds Total Funds £ £ 132,356 132,356 132,356 132,356 2023 Unrestricted Funds Total Funds £ £ 21,558 21,558 21,558 21,558 |
2022 Total Funds £ 1,993,631 117,245 79,493 2,617 |
|---|---|---|---|
| 2,192,986 | |||
| 97,501 14,418 594,592 |
|||
| 706,511 | |||
| 1,486,475 - |
|||
| 1,486,475 - |
|||
| 1,486,475 - 2,519,417 |
|||
| 4,005,892 | |||
| 2022 Total Funds £ 1,993,631 |
|||
| 1,993,631 | |||
| 2022 Total Funds £ 117,245 |
|||
| 117,245 | |||
| 2022 Total Funds £ 2,617 |
|||
| 2,617 |
55
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2023
6 Analysis of expenditure
| Staff costs Pension costs Fundraising costs Retail costs including cost of sales Exhibitions Education IT and website Public Programme Admin and operating costs Premises Marketing and communications Irrecoverable VAT Depreciation Profit and loss on sale of assets Impairment losses Audit and Accountancy Support costs Total expenditure 2023 Total expenditure 2022 |
Charitable activities £ 278,231 5,581 - - 37,407 71,903 - 1,221 887 - - - - - - - |
Cost of raising funds | Cost of raising funds | Support costs £ 91,467 1,811 - - - - 15,396 - 190,058 26,604 20,575 5,495 9,066 - - 9,848 |
2023 Total £ 485,502 9,659 41,128 2,743 37,407 71,903 15,396 1,221 190,945 26,604 20,575 5,495 9,066 - - 9,848 |
2022 Total £ 429,662 8,708 17,703 9,864 43,922 38,882 10,247 2,606 85,354 26,792 16,160 7,612 3,976 - - 5,023 |
|---|---|---|---|---|---|---|
| Voluntary income £ 113,147 2,212 41,128 - - - - - - - - - - - - - |
Trading activities £ 2,657 55 - 2,743 - - - - - - - - - - - - |
|||||
| 395,230 370,320 |
156,487 - |
5,455 - |
370,320 (370,320) |
927,492 - |
706,511 | |
| 765,550 | 156,487 | 5,455 | - | 927,492 | ||
| 594,592 | 97,501 | 14,418 | - | 706,511 |
The increased spend on admin and operating costs in 2023 results from the appointment of consultants funded by a National Lottery Heritage Fund grant.
Analysis of expenditure Prior year
| Staff costs Pension costs Fundraising costs Retail costs including cost of sales Exhibitions Education IT and website Public Programme Admin and operating costs Premises Marketing and communications Irrecoverable VAT Depreciation Profit and loss on sale of assets Impairment losses Audit and Accountancy Support costs Total expenditure 2022 Total expenditure 2021 |
Charitable activities £ 265,441 5,391 - - 43,922 38,882 - 2,606 2,981 - - - - - - - |
Cost of raising funds | Cost of raising funds | Support costs £ 81,594 1,592 - - - - 10,247 - 82,373 26,792 16,160 7,612 3,976 - - 5,023 |
2022 Total £ 429,662 8,708 17,703 9,864 43,922 38,882 10,247 2,606 85,354 26,792 16,160 7,612 3,976 - - 5,023 |
2021 Total £ 404,749 10,075 3,693 (40) 61,361 75,323 14,925 2,626 86,713 8,923 5,775 4,056 458 - - 7,526 |
|---|---|---|---|---|---|---|
| Voluntary income 78,174 1,624 17,703 - - - - - - - - - - - - - |
Trading activities £ 4,453 101 - 9,864 - - - - - - - - - - - - |
|||||
| 359,223 235,369 |
97,501 - |
14,418 - |
235,369 (235,369) |
706,511 - |
686,163 | |
| 594,592 | 97,501 | 14,418 | - | 706,511 | ||
| 616,105 | 72,526 | 1,797 | - | 690,428 |
56
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2023
7 Net income / (expenditure) for the year
| This is stated after charging / (crediting): | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| Depreciation | 9,067 | 3,976 | |
| Auditor's remuneration: | |||
| Audit fees net of VAT | 5,497 | 4,999 | |
| 8 | Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel | ||
| Staff costs were as follows: | 2023 | 2022 | |
| £ | £ | ||
| Salaries and wages | 449,694 | 402,329 | |
| Social security costs | 35,808 | 27,333 | |
| Employer’s contributionto definedcontributionpensionschemes | 9,659 | 8,708 | |
| 495,161 | 438,370 | ||
| The following number of employees received employee benefits (excluding employer pension) during the year between: | |||
| 2023 | 2022 | ||
| No. | No. | ||
| £70,000 -£79,000 | - | 1 | |
| £80,000 -£89,000 | 1 | - | |
| The total employee benefits including employer national insurance and employer pension contributions of the key management personnel were £92,702 | |||
| (2022: £88,764 ). |
The charity trustees were not paid and did not receive any other benefits from employment with the charity or its subsidiary in the year (2022: £nil). Neither were they reimbursed expenses during the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).
Staff numbers
The average number of employees (head count based on number of staff employed) during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| No. | No. | |
| Charitable activities | 14 | 13 |
| 14 | 13 |
9 Taxation
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
57
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2023
| 10 Group Tangible fixed assets Cost At the start of the year Additions in year Disposals in year At the end of the year Depreciation At the start of the year Charge for the year Impairment losses Eliminated on disposal At the end of the year Net book value At the start of the year At the end of the year Charity Tangible fixed assets Cost At the start of the year Additions in year Disposals in year At the end of the year Depreciation At the start of the year Charge for the year Eliminated on disposal At the end of the year Net book value At the start of the year At the end of the year |
Long Term Leasehold Property £ 3,460,934 164,741 - |
Fixtures & Fittings £ 977 - - |
Computer equipment £ 43,594 995 - |
Other fixed assets £ - - - |
Total £ 3,505,505 165,736 - |
|---|---|---|---|---|---|
| 3,625,675 | 977 | 44,589 | - | 3,671,241 | |
| - - - - |
87 244 - - |
4,347 8,823 - - |
- - - - |
4,434 9,067 - - |
|
| - | 331 | 13,170 | - | 13,501 | |
| 3,460,934 | 890 | 39,247 | - | 3,501,071 | |
| 3,625,675 | 646 | 31,419 | - | 3,657,740 | |
| Long Term Leasehold Property £ 3,460,934 164,741 - |
Fixtures & Fittings £ 977 - - |
Computer equipment £ 43,594 995 - |
Other fixed assets £ - - - |
Total £ 3,505,505 165,736 - |
|
| 3,625,675 | 977 | 44,589 | - | 3,671,241 | |
| - - - |
87 244 - |
4,347 8,823 - |
- - - |
4,434 9,067 - |
|
| - | 331 | 13,170 | - | 13,501 | |
| 3,460,934 | 890 | 39,247 | - | 3,501,071 | |
| 3,625,675 | 646 | 31,419 | - | 3,657,740 |
58
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2023
11 Investments
Quentin Blake Centre Trading Company Ltd
At 31 December 2023 Quentin Blake Centre for Illustration owned the entire called up share capital of 1 ordinary £1 shares in Quentin Blake Centre Trading Company Ltd, a company incorporated in the United Kingdom.
| Turnover Cost of sales Gross profit Administration expenses Operating profit Interest payable Profit before tax Tax on (loss)/profit Profit after tax Retained earning at the beginning of the year Retained in subsidiary |
2023 £ 47,238 (2,743) |
2022 £ 79,493 (9,864) |
|---|---|---|
| 44,495 (900) |
69,629 (2,998) |
|
| 43,595 (15,000) |
66,631 (15,000) |
|
| 28,595 - |
51,631 - |
|
| 28,595 (268,060) |
51,631 (319,691) |
|
| (239,465) | (268,060) |
At 31 December 2023, the aggregate of the share capital and reserves of Quentin Blake Centre Trading Company Ltd amounted to £239,464 deficit (2022 - £268,059 deficit).
| 12 Debtors Due within one year Trade debtors Amount due from subsidiary Other debtors Prepayments and accrued income 13 Creditors: amounts falling due within one year Trade creditors Taxation and social security Other loans Accruals and deferred income |
Group 2023 £ 34,859 - - 93,456 |
Group 2022 £ 17,015 - 9,150 393,615 |
Charity 2023 £ 17,578 327,482 - 93,456 |
Charity 2022 £ 15,958 392,960 9,150 393,615 |
|---|---|---|---|---|
| 128,315 | 419,780 | 438,516 | 811,683 | |
| Group 2023 £ 16,031 9,145 - 33,566 |
Group 2022 £ 5,892 20,544 - 38,428 |
Charity 2023 £ 15,990 9,145 - 33,566 |
Charity 2022 £ 5,874 20,544 - 38,428 |
|
| 58,742 | 64,864 | 58,701 | 64,846 |
Deferred income of £16,742(2022: £27,586) is included within accruals and deferred income above.
| 14 Creditors: amounts falling due after more than one year Other loans |
Group 2023 £ 1,171,972 |
Group 2022 £ 1,205,000 |
Charity 2023 £ 1,171,972 |
Charity 2022 £ 1,205,000 |
|---|---|---|---|---|
| 1,171,972 | 1,205,000 | 1,171,972 | 1,205,000 |
Other loans include amounts lent to the charity interest- free by the trustees and a loan received from Charity Bank. The Charity Bank Loan is secured over the New River Head Leasehold Property with interest paid at the Bank of England base rate plus 3.25%. During the year the Architectural Heritage Fund loan was refinanced with Charity Bank with a term of five years.
59
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2023
- 15 Analysis of net assets between funds
| Analysis of net assets between funds | ||||
|---|---|---|---|---|
| Tangible fixed assets Current assets Creditors due within one year Creditors due more than one year Net assets at the end of the year Analysis of net assets between funds - prior year Tangible fixed assets Current assets Creditors due within one year Creditors due more than one year Net assets at the end of the year |
General Unrestricted Funds £ 32,065 1,080,664 (58,742) (1,171,972) |
Designated Funds £ - - - - |
Restricted Funds £ 3,625,675 845,526 - - |
Total funds £ 3,657,740 1,926,190 (58,742) (1,171,972) |
| (117,985) | - | 4,471,201 | 4,353,216 | |
| General Unrestricted Funds £ 40,137 1,307,616 (64,864) (1,205,000) |
Designated Funds £ - - - - |
Restricted Funds £ 3,460,934 467,069 - - |
Total funds £ 3,501,071 1,774,685 (64,864) (1,205,000) |
|
| 77,889 | - | 3,928,003 | 4,005,892 |
| 16 Movements in funds Restricted funds: Education Exhibitions and Gallery New Building Fund Other Total restricted funds Total unrestricted funds Total funds Movements in funds - prior year Restricted funds: Education Exhibitions and Gallery New Building Fund Other Total restricted funds Total unrestricted funds Total funds |
£ - 44,212 3,883,791 - At the start of the year |
£ 4,000 15,000 533,146 114,504 Incoming resources & gains |
£ (4,000) (14,948) - (104,504) Outgoing resources & losses |
Transfers £ - - - - |
£ - 44,264 4,416,937 10,000 At the end of the year |
|---|---|---|---|---|---|
| 3,928,003 | 666,650 | (123,452) | - | 4,471,201 | |
| 77,889 | 608,166 | (804,040) | - | (117,985) | |
| 4,005,892 | 1,274,816 | (927,492) | - | 4,353,216 | |
| £ 3,200 39,125 3,386,407 - At the start of the year |
£ - 43,125 497,384 7,000 Incoming resources & gains |
£ (3,200) (38,038) - (7,000) Outgoing resources & losses |
Transfers £ - - - - |
£ - 44,212 3,883,791 - At the end of the year |
|
| 3,428,732 | 547,509 | (48,238) | - | 3,928,003 | |
| (909,315) | 1,645,477 | (658,273) | - | 77,889 | |
| 2,519,417 | 2,192,986 | (706,511) | - | 4,005,892 |
60
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2023
Purposes of restricted funds
Education
The fund includes a diverse range of projects, partnerships and commissions targeting specific beneficiaries and participants. These projects include our:
-
Family and accessible family programmes
-
Primary school programmes and projects
-
Pathways programme
-
Illustrators in schools programme
Exhibitions and Gallery
New Building Fund
Donations financed the acquisition of our new permanent home, New River Head in 2019 and professional fees relating to design and development fees.
Other
Funding for promoting public relations.
Funding for online illustration articles.
Funding for heritage research relating to New River Head, Community Participation, Activity Plan, Business Plan, Conservation Plan and Project Management.
- 17 Reconciliation of net income / (expenditure) to net cash flow from operating activities
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Net income / (expenditure) for the reporting period | 347,324 | 1,486,475 | ||
| (as per the consolidated statement of financial activities) | ||||
| Investment income | (21,558) | (2,617) | ||
| Depreciation | 9,067 | 3,976 | ||
| Impairment loss | - | - | ||
| (Increase)/ decrease in stock | - | - | ||
| (Increase)/ decrease in debtors | 291,465 | (54,411) | ||
| Increase/ (decrease) in creditors | (6,122) | (22,100) | ||
| Net cash provided by / (used in) operating activities | 620,176 | 1,411,323 | ||
| Analysis of cash and cash equivalents | At 31 | |||
| At 1 January | Other | December | ||
| 2023 | Cash flows | changes | 2023 | |
| £ | £ | £ | £ | |
| Cash at bank and in hand | 1,354,905 | 442,970 | - | 1,797,875 |
| Total cash and cash equivalents | 1,354,905 | 442,970 | - | 1,797,875 |
- 18 Analysis of cash and cash equivalents
61
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2023
19 Operating lease commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
| 1 year 2 - 5 years After more than 5 years |
2023 2022 £ £ 1 1 4 4 241 242 246 247 Group Property |
2023 2022 £ £ 1 1 4 4 241 242 246 247 Group Property |
2023 2022 £ £ 1 1 4 4 241 242 Charity Property |
2023 2022 £ £ 1 1 4 4 241 242 Charity Property |
|---|---|---|---|---|
| 246 | 247 | 246 | 247 |
20 Legal status of the charity
The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.
21 Related party transactions
There are no related party transactions to disclose for the year.
22. Post balance sheet events
In March 2024 the National Lottery Heritage Fund approved a grant of £3.75 million to fund the redevelopment of the charity's new site, New River Head, into galleries, an educations centre, a café, community gardens and a three year activity plan.
62