Quentin Blake Centre for Illustration Trustees. Report and Financial Statements for the year ended 31 December 2024 Registered Comp&ny Number 04484943 Registered Ch&rity Number 1095210
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Contents Chair's Introduction Trustees, Report 5-28 Reference &nd Administrative Det&ils 29-32 Independent Auditor's Report 33-37 Consolid&ted statement of financial activities 38 Consolid&ted bal&nce sheet 39 Consolid&ted statement of c&sh flows 40 Notes to fin&nci&l st&tements 41-50
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Chair's introduction 2024 was a momentous year for Quentin Blake Centre, as we began the transformation of the derelict New Biver Head heritage site into the perm&nent national centre for illustration. John KampfTier O Paiil Gi'over I am immensely gr&tefulto everyonewho h&s supportedthe project to date or made commitments to the opening progTamme, includingthe National Heritage Lottery Fund, the Architectural Heritage Fund, Quentin Bl&ke, The BAND Trust, Ch&rity Bank, City Bridge Foundation, Clerkenwell W&rd CIL aw&rded bylocal Councillors, Cockayne- The London Community Fund, the Ro&ld Dahl Story Company &nd Dahl family, the Denny Ch&rit&ble Trust, the Fant&stic Pe&ch Pound&tion, Foyle Found&tion, Garfield Weston Found&tion, G&tsby Ch&ritable Found&tion, Robert Gavron Ch&rit&ble Trust, Islington Buildings Preserv&tion Trust, the Linbury Trust, the Linder Foundation, the Newby Trust, the Merch&nt T&ylor's Foundation,the Kusum& Trust, the Sire Ch&rit&ble Trust, TIOC Found&tion, the Tri&d Foundation, Wolfson Foundation, Richard &nd Jacqueline Worswick, &nd & gTowing number of phil&nthropists, trusts and local supporter& Pl in hif Alongside st&rtingthe construction programme, a m&ior focus for the year has been rese&rch and development on future exhibitions &nd projects. L&ter this yearwe will &nnounce an exciting in&ugur&l exhibitions progT&mme that explores the impact of illustration on our world, &longside & new exhibition from our founder Quentin Bl&ke. Collabor&tion in our loc&1 &re& is incre&singly important as we &pproach the opening of the Centre. To d&te more th&n 40 community, he<h and education gTOUPS h&ve fed into the pl&ns forthe new Centre, &longside &udience focus gTOUPS and expert &dvisory panels. We have been co-creating illustration projectswith All Change Arts, Bethany House, Islington Mind, Parent House &nd the Peel, and the team enjoyed meeting loc&1 residents &t seven community festivals across the summer. We continue to send illustr&tors into schools and very much look forw&rd to welcoming school groups, &longwith colleges, children's centres, home-le&rners, and <ern&tive education provisions, onsite next ye&r.
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 We completed our tours of original works by Quentin Bl&ke and R&ymond Briggs &round the country, visitingthe fin&1 two venues. We toured &n exhibition on Quentin Bl&ke's book covers to fourvenues in England &nd Wales. We &lso beg&n &dding fascin&tingbut hard-to-&ccess illustr&tion collections to a newonline resource, generously supportedbyJohn Ellerman Pound&tion. I am indebted to our founder Quentin Blake, whosevision &nd generosity have underpinned the ch&rity since its inception, &nd to all our dedicated Trustees, committee &nd advisory panel members, st&ff &nd freel&ncers. Iwould also like to express mygr&titude to &ll our supporters, p&rtners and friends, th&nks.As a ch&rity that receives no ongoingpublic funding, and must gener&te 100% of its income every year, we couldn't do it without you! John K&mpfner, Chair Progress on site, April 2025 @ Quentin Bl&ke Centre for Illustration
Qllentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Report of the Trustees The Trustees (who are also directors of the ch&rity for the purpose of the Comp&nies Act) present their &nnu&l report together with the fin&nci&l st&tements of Quentin Bl&ke Centre for Illustration for the year that ended on 31 December 2024. The Trustees confirm th&t the &nnual report and fin&nci&l st&tements of the company and the group complywith the current st&tutory requirements, the requirements of the comp&ny and the group's governingdocument &nd the provisions of the St&tement of Recommended Pr&ctice- Accounting &nd Reportingby Ch&rities: SORP, which is &pplic&ble to charities preparingtheir accounts in &ccord&nce with FRS 102. Vision, mission and values We &re the UK'S first &nd only ch&rity dedicated to ch&mpioningillustration- art that fosters communic&tion, curiosity, imagin&tion and empathy. Ourvision is for everyone to be &ble to ex&mine, communicate and expressthemselves confidentlythrough illustr&tion. We create meaningful, scal&ble opportunities to examine &nd create illustration, with & strong focus on people &nd stories that h&ve been margin&lised. We are restoring and converting& historic w&terworks in Clerkenwell, Londonto provide & perm&nent home for our activities.
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Exhibitions- A distinctive and dyn&mic progr&mme of tempor&ry exhibitions and rel&ted progTamming- the only progTamme of its kind in the UK-will explore how illustration sh&pes our world, sh&ringr&rely-seen origin&l works from important intern&tion&l museums and priv&te collections. Quentin Blake Archive- By conserving and sharing highlights from the remark&ble 75-ye&r + archive of Quentin Bl&ke, the UK'S best-loved illustrator, we will offer unique, accessible insights into illustr&tion, storytelling and publishing. New Biver Stores-wewill uncover and use illustr&tion to explore stories of social, industri&l &nd environmental < change th&t rel&te to our site, New River Head. In doingso we will highlight the role of illustration in heritage and placemaking, while meeting commitments to stakeholders. Community Partnerships- Cre&tive projects &nd supported visits en&ble people who h&ve been m&rginalised to express their stories confidently, contributingto wellbeing &nd community cohesion. Community , • contributions will be supported and m&de visible throughout the new Centre, fosteringskills &nd belonging. Visual Literacy- Through workshops, visits and n&tion&l progT&mmes, we will en&ble youngpeople and their adults (teachers, leaders, parents and c&rers) to use illustration to expl&in concepts, tell stories &nd express themselves &nd to confidently interpret and interrogajte the imageryaround them. Innovation and Incubation- A unique programme of events will explore import&nt developments in illustration, while the &nnual Nation&1 Illustration Day c&mp&ign will champion the role of illustr&tors. Residences, courses and workshops will support illustrators to develop practice and social v&lue in new directions.
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Previous p&ge.' Made In North Korea &t House of Illustration, 2018, 0 Justin Piperger. O Quentin Blake as seen in the John Yeom&n &nd Quentin Blake tollring exhibition,. New River Head 19 Nina Chakrabarti., community heritage project with the Peel @ ventina Zunino., sohools'workshop @ Rob Harris,. Sketchmeet event O Paul Clarke Our actions &ndbehaviours &re underpinned by: Curiosity Comp&ssion Equity Relevance Rigour When we &re true to our values: We are im&ginative and unafraid to think &nd do things differently We h&ve a positive imp&ct on others and on the world around us We meet people on their terms, design activities with them, v&lue their enjoyment and support their growth Everyone knows theybelongand feels our org&nisationbelongs to them Il O ventIna Zunino Visitors engaging with an illustr&tion &ctivity &t & communitylandscapingco-development drop-in, hosted at New RiverHe&d
Qllentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Quentin Blake Centre at New River Head In 2019, with the support of founder Quentin Blake, we purchased the le&se for New River He&d, & complex of disused 18th_ and 19tli_century industrial heritagebuildings set within one and & h&lf &cres of l&nd in Clerkenwell. Thanks to investment from The National LotteryHerit&ge Fund, gr&nts from trusts &nd found&tions, and phil&nthropic support, New River He&d willbe restored and repurposed. As the n&tion&l centre for illustration, it will feature four gallery spaces, dedic&ted learning studio, project b&se, café, shop &nd public gardens. The new Centre will offer: exhibitions revealing origin&l illustr&tions from around the world dedic&ted g&llery for Brit&in's best-loved illustr&tor, Quentin Blake rel&xed, creative, free to enter sp&ces (indoors &nd outdoors) for dr&wing, making, learning and reflection projects and eventswith schools, families and community groups courses and workshops for illustr&tors The Quentin Blake Centrewill be & vibrant pl&ce where everyone feels welcome: where the displays &re relatable, everybhin¥s accessible and everyone's stories and ide&s matter. It will welcome more than90,000 visitors & year, multiplying its reach many times over through n&tionwide tours and p&rticip&toryprojects.
Qllentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 PROGRESS AND PLANS Exhibiting exciting and original practice Exhibitions We shared three touringexhibitions at six venues in England andwales. experienced bymore th&n 39,500 people. Raymond Briggs: A Betrospective Our five-venue tour ofRaymondBriggs."A Retrospectiue concluded &t Ditchling Museum of Art + Craft, just two miles away from Briggs's former home and studio, &ttr&cting an estimated 7,600 visits and bringing &ttend&nce &cross England &nd Scotland to 80,000. With origin&l &rtwork from books including his poign&nt picture book The Snowman (1980) and pioneering graphic novelEthel&Ernest(1998), the exhibition celebr&ted Briggs as an exceptional dr&ughtsperson, typogT&pher and storyteller. With Ditchlingmuseum, it was expandedto include never-before-seen material from Briggs's studio, includinghis desk and h&nd p&intedfurniture, &s well &s origin&l artwork fromthe iconic titles that h&ve become literary cl&ssics and intern&tion&l phenomen&.
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 'Went to the last day of theRaymond Briggs exhibition atDitchling]kfuseum yesterday. AIZ the draujings and sketches und layers ofcare taken. AIZ the griefand loue. The masterpiece of Fvhen tlze WindBlouJs. FIeart cracked open at the short uideo of him athome on his crumpled sofa- "The origznalpieces on display here are incredible ujorks ofart- Visitors to Ditchling Museum of Art + Craft @) Rosie Powell Raymond Briggs's desk on displ&y &t Ditchling Museum of Art + Cr&ft Quentin Blake: Illustrating Verse Illustratingverse completed its tour at the Lighthouse in Poole atthe st&rt of the year, havingwelcomed a further 7,500 visitors. Quentin Bl&ke has been writingand illustr&ting poetrythroughout his75-ye&r + c&reer. M&nyof his ownbooks feature rhymes and songs, and he has coll&borated with writers includingmichael Rosen &nd Ro&ld Dahl.Aswell &s artwork for popul&r nonsense poems like The Oujl and thePussy-cat, this exhibition fe&tured previously unseen works from Blake's archive- surre&l illustr&tions for Sylvi& Plath's TheBed Book &nd mischievous c&ts for T. S. Elliot's The SongoftheJelZicZes. Sketchbooks &nd io
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 rough dr&wings give a rare insight into Blake's writing &nd design process, &swell as the creation of char&cters for Roald D&hl's novel Charlie and the ChocolateFactory. 'We had more uisitors than usual Iduring the exhibitionperiodl. We loued the exhibition, and it really connected ujith our audience" Lighthouse, Poole's Centre for the Arts O here is a B¥xl Shrinkproofer than that A floatier. boatier Pd IFkin thatl In an Elephant Bed You go urf)ereyou pase You pick banatkis E&ght out ol the tree& If the liger5jUrnP UP When hapw to %ne Why. Ihrycan'l jump higher Than tho olant'S kn. An Elephant Pd swhLJrv king> ride. It's cool as a p(K>l In the %hadÈ in5ido @QuentinBlake Illustration by Quentin Bl&ke for TILe Bed Bookby Silvi& Plath Q976). displ&yed in Quentin Blake.'Illustrating Verse &t The Lighthouse. Poole Quentin Bl&ke: Book Covers A further 24,400 people visited four venues: RugbyArt Gallery and Museum, Oxfordshire MuseunL The Atkins Building in Hinkley and the Norwegian Church Arts Centre in C&rdiff. Quentin Blake's career illustr&tingbooks began over 60 years &go with his covers for paperback fiction. Since then, he has cre&ted hundreds of designs for everythingfrom liter&ry cl&ssics to his own picture books. This exhibition fe&tured 60 of Blake'sbook covers from the 1960s to the present: from mid-century Penguin p&perb&cks to finely crafted speci&l editions. First editions were shown alongside reproductions of original artwork from Bl&ke's archive that showed li
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 how he combines typogTaphy, dyn&mic l&youts &nd his unique w&y of dr&wingto create pl&yful designs. The exhibition offered a high-qu&lity visitor experience without the displ&y of original artwork, which enabled us to open ourtouring progTamme to partners who did not have the infrastructure in place to manage original works. .Ji Visitor to QuentinBZaka'Book Covers at Rugby Art Gallery and Museum Collections Collections Online In 2024we concluded the first ph&se of work on our Collections Online pl&tform, generously supportedbyJohn Ellerman Found&tion, which s&w 600+ works added to a free-to-access searchable dat&b&se. These included works not &vail&ble digit&lly elsewhere, includingworks by illustr&tors includingchiangyee, Ele&nor Vere Boyle &nd J&nina Ede. Staff undertook &udio description training, and a series of &udio described objects w&s uploaded to the platform. 12
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 New material dr&wn from exhibitions researchwill be &ddedon an ongoingb&si "It's a really nice online collection with & meaningful and helpful educ&tion&l function." "Ithe gloss&ry] makes illustr&tion more &ccessible." "Love the'stories. &nd how th&t opens up unexpected insights and knowledge" Illustration students reviewing Collections Online Collections online pages &t qbcentre.org.uk Quentin Blake Centre for Illustration Projoct Collt¢%lotts Ac¢eAs search Quent5nBlakearchlve About Explore illustration in-depth with audio descriptions from our team. Listen to detailed descriptions of original artworks and find out more about how they were made. Audio described illustration llluStrAtionfrtsmTheStory Witjiout anEiid11868)by Friedrithwilhel¢1tvVè ISErahAustintThknn51&tion). SampsonLow, Son&Marston.. chromoliihograph.Courresyof ClwissaDaulbyJJ)dRoscd WendPenton. Il1uyLr4tnfTh ithoiithnEnd(L8 Pr1BdThwi1helllIc 15&TAhAufitJntr31a nf1]9*0ry EndL186B)by llh£linCth)vè hroTholi¢ho8rApli.C ¢TI55klyX grph.cOurt¢sYuT u1byandttJ¢ tyt Jit omill ui ot btlwlt. 13
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Preparing to exhibit at Quentin Blake Centre for Illustration Exhibitions We commissioned &udience insights agency Curiouser to test our proposed exhibitions progr&mme with target audience gTOUPS. They conducted &n online survey with our existing &udiences and a series of in-depth focus groups with potential &udiences. We found th&t the needs of our current &nd target audience groups are different and that positive &ssoci&tions with illustr&tion include humour and nost&lgi&, and th&t there is a popul&r perception th&t it is"unsophisticated" We developed our openingexhibition plans in response to these findings, b&l&ncing and consideringthe needs of existingand t&rget audiences. We developed relationships with collectors, cur&tors, illustr&tors and illustr&tors' estates to agree partnerships &nd loans of historic and contemporarywork. Subject &re&s for our openingprogramme include book illustr&tion, comics, printm&king &nd inst&ll&tion- b&sed contemporarywork. We worked with designers All Things Studio &nd Wolfe H&ll to develop our gallery designs to RIBA stage 4. Heritage illterpretatloll We commissioned illustr&tors and designers to deliver New River herit&ge-b&sed works to be installed for the opening of the Centre. These included: a large-sc&le outdoor sculpture inspired by the industri&l history of the site, co- designed by&n illustr&tor &nd local families & datavisu&lis&tion onthe globalwater cycle, co-designed byan illustrator and d&t&visualisation studio &n outdoor tr&il of illustr&ted text panels. exploringthe &rchitecture and workinghistory ofthe site a large-scale mural inspired by the New River, to be inst&lled in the Boiler House building We commissioned cultural herit&ge speci&list Dr Angelin& Osborne to research the New River Company's sh&reholders and the legacies of their investment over & two- ye&r period. The project is supported by Professor Corinne Fowler, Professor of Decolonis&tion &nd Heritage &t the University of Leicester. 14
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 O All Things Impression of Engine House Galleries &tthe new Quentin Blake Centre for Illustration What's next In 2025, we will continue to develop the Centre's temporary exhibitions programme, preparingto t&ke possession ofthe gajllery spaces &t the end of the year and inst&ll the openingprogr&mme in e&rly 2026. We willtender for our exhibition build and furniture &nd oversee the fit-out ofthe exhibition g&lleries &nd &rt store, working with the capit&l project team. We will develop interpret&tion in multiple formats for our temporary exhibition progT&mme, includingtext-b&sed, audio &nd video. Tow&rds the end of the ye&r, we will deliver and inst&ll the series of herit&ge-inspired works. We will commission an illustrator develop & newwork to interpret the findings of Dr Osborne's research on the New River Comp&ny. We will promote our touring exhibitions offer for exhibitions &v&ilable from September 2026, dr&wn from the progT&mme curated for the Centre in Clerkenwell. 15
Qllentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Nurturing talent, innovation and diversity Adult Learning 28 activities were delivered &cross the yearwith 856 illustrators, about h&lf ofwhich took pl&ce online: 2 x 4-week online courses 9 x 10-week online courses 5 x online workshops I x in-person panel discussion for Educ&tion students &t University of E&st London 2 x in-person site tours for students from Kingston &nd Falmouth universities 2 x in-persont&lks for students from RCA &nd Kingston University 5 x site tours for adults and I x w&lking concert &t New River Head I x online t&lk for Pathw&ys into Illustr&tion p&rticipants Courses and workshops continued to offer a mixture of est&blished topics taught by our longstandingteam of freel&nce illustr&tor-educ&tors: cre&tingfiction &nd non- fiction picture books, designing gTaphic novels and illustrating f&shion. New workshops &nd courses focused on lithogTaphy skills &nd cr&fting& comic romance. An aver&ge of 54.20A of particip&nts across the range of courses were newto Quentin Blake Centre for Illustration. 910A would recommend us to & friend and 870A would definitely attend ag&in. 2010 of respondents joined from London, 551, from across the UK and 25'A from intern&tion&l locations We continued to offer a range of p&yment and'burs&ry' options to those whowould not otherwise h&ve been able to take p&rt. Concession rates and payment plans were offered, &longside offering a lunchtime and evening option for one course to both meet dem&nd and to offer alternatives for people with c&ring responsibilities. 'Idon't thinkI'ue euerdone a course that left me so motiuated and encouraged to actually keep workingon this specificproject and take it to apublisher.- "The ability to listen to it again was important for me due to health condition that affects my cognitiue capacities, so thank you.- 'Excellent course and extraordinary competent and kind tutor- 'Iliked the size ofthe cluss- it was small enough thatIhad time to ask questions and chime in. Iloued the instructor and thepace.- 16
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 With funding from Google Arts and Culture, we commissioned three design specialist writers to Investite engaging subjects &cross three categories: illustr&tion for inform&tion, resist&nce, &nd pl&y. Topics included the use of illustr&tion in universal instruction m&nuals like IKEA assembly guides, how the legacy of folk traditions &nd embroidery is fuelling & neww&ve of resistance and the &rtists/illustr&torswho are &ddressingrepresent&tion in g&ming. Thesewill be published in 2026. What's next We have paused &dult learning eventswhile we develop a new and exp&nded progT&mme to be delivered from the new Centre, to include workshops, courses &nd t&lks. Community and family engagement 2024 was &n exciting ye&r for community &nd family eng&gement, working with new partners and artists. We &lso experimented with workingin different ways, through pop-ups &t community events and with local cultural p&rtners. Atotal of1,079 people have p&rticip&ted &cross our community and f&mily activities this year. Community projects At the st&rt oftheye&r, we worked with people who h&d particip&ted in pilot projects with the Peeland Islington Mind, en&blingthemto try new techniques, &nd to finish, celebrate and displ&ytheir work. Illustrator Al&a Alsar&iiworked with the Digital Arts Club &t Holborn Community Association, a group of 7-11 year olds from C&mden, on a four-week project which explored'Routes &nd Roots,. Work cre&ted &s part of this w&s displayed &t The Bomb F&ctory llery on Kingsw&y &longside work from adult groups at the Association. In August we worked with Islington OrniSation The Parent House to develop initial ide&s for f&mily engernent with the gajlleries &nd outdoor spaces at the new Centre We explored the Children's G&rdens &t Roy&l Botanic Gardens in Kew. the Adventure PlaygTound at Holl&nd Park and finally spent & daywith play &rtist Matt Shaw bringingNew River Head to life. Illustrators Joeyyu &nd Gr&ce Hollidaywere on 17
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 hand to record &nd interpret &ctivity. There were a total of 64 engagements overthree days. stringingTogEther Fun @ Grace Holliday 2024 A twelve-week project with the Peel communityhub in ClerkenwelL facilit&ted by Gr&ce Holliday, began in September with a consultation session exploringthe theme of herit&ge &nd what it means to our particip&nts. The outcome willbe & digit&l'quilt' which c&n be projected in different loc&tions. "Fvhateuer subjectIdecide to focus on, it belongs to me. It doesn't matter uJhetherIdo it right or ujrong, Idon't force myself to do somethingbeautithl orperfect- lamjust tellingmy own story. Ijustenjoy und relax,puttingmy ideas onpaper. It s the best feelinglIfeel these workslzops Izelp my uJelZbeing," ujhateuer uje make, we do so collectiuely as a group, uje are so Zucky." Selma, Peel p&rticip&nt, on how she uses illustr&tion to tell her story. Family activities One-off family &ctivities included a character designworkshop with LilyAsh S&kul& &t Grove P&rk community libr&ry F&bulous Ferns'with Grace Holliday &t Museum of the Order of St John;'P&per Portraits, with coll&ge &rtist Beth Suzann& at the British Libr&ry's Marvellous Me day for D/deaf f&milies; &nd p&rticip&tion in Miller Knoll's 'We Care, event &t Holborn Community Associ&tion where families created collaged decor&tions with Beth Suz&nn&. A tot&1 of 259 people engaged with illustration activities at these events. 18
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 ¥:1 l•/ Adults taltingpart in paper portrait activity at Whitecross Street Party, July 2024 @I Valentina Zunino We tested pop-ups at community events across Islington, t&king part in five festiv&ls and street parties from June- September. Illustrators Skye B&ker &nd Beth Suz&nna &ccomp&nied the te&m to Cally Festival, Little Angel Community Street P&rty &nd Whitecross Street Party, while Four Corners Street P&rty &nd Angel C&n&l Festival saw Centre te&m members talking about the project to local people. We found th&t there is a lot of excitement in the locality &bout the Centre opening. There were 551 eng&gements across this series of events. We &lso delivered smaller-scale &ctivities with local community OrnIS&tiOnS as p&rt of Pinsbury's WinterW&rmers progT&mme (Islington Herit&ge)' &visit from a loc&1 church youth gTOUP as p&rt of Heritage of London Trust's Proud Places scheme. with Vib&st Community Centre as p&rt oftheir h&lf term offer" with Little Angel'sArts and Ch&t progT&mme; &nd with Arsen&l in the Community's'Time to Explore, progT&mme for teen&ge girls. Arsen&l pl&yer Lotte Wubben-moy champions this progTamme &nd attended the session. 55 people p&rticip&ted in these &ctivities. What's next? 2025 will see three further community projects exploringheritage. Jhinuk Sark&r will be workingwith Sapphire Independent Housing's BethanyHouse project from February. Beth&nyHouse is located within & few minutes, w&lk of New River He&d and houses 95 womenwho &re experiencinghouselessness for a range of 19
Qllentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 reasons. Illustrator MURUGIA will work with p&rticipants from the Islingbon Centre for Refugees &nd MigTants and a further project will focus on youngpeople. We will participate in summer festiv&ls &gain, building excitement &bout the Centre opening. We will &lso begin pl&nning the opening community festivals &nd VIP visits to the site for project particip&nts. Empowering young illustrators through their schools School programmes We continued bespoke in-person, in-school illustr&tion workshops designed to bring the cl&ssroom curriculum to life. Seven primary schools eng&ged with us from Tower Hamlets, Islington, Richmond, Camden, H&ringey and the independent sector. 17 sessions were delivered, re&ching 472 pupils &nd 36 adults. The most popul&r sessions this yearwere Ch&racter Design (eight sessions) and Meet the Illustrator (seven sessions). Six second&ry schools eng&ged with us from Newh&m, Islington &nd Camden. Second&ry school p&rticip&tionw&s & mixture ofour usu&l sessions and more bespoke &ctivity. We &ttended & careers d&y in Newham to t&lk about working in the sector; delivered a tour to New River College students as p&rt of Heritage of London Trust's 20
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Proud Places scheme. &nd met with St Trt&ry Magdalene's Form enrichment group to t&lk &bout garden design. Six of our illustr&tor-led sessions were deliveredto Camden schools, comprising four Ch&r&cter Design and two Meetthe Illustrator sessions. 274 students and 223 adults eng&ged. All the Camden sessions were funded by C&mden Schools Biennale, &nd some of the workwas exhibited in venues around Granary Squ&re. Besources A further six schools (888 pupils) engaged online usingour Let's Illustrate resources, distributed free vi& the Islingbon Council's Ilxll cultural educ&tion scheme. As part of N&tion&l Illustr&tion D&y, a range of downloadable'howto, resources for te&chers, libr&ri&ns, home educators, nurseries &nd other educ&tion gTOUPS were &v&il&ble. These provided suggestions for &ctivities th&t could be delivered in different settings, including opportunities forboth classroom and whole-school engagement. CPD We tested an'Illustr&tion Across the Curriculum, online CPD with Rugby Art Gallery and Museum to support the touring'Book Covers, exhibition. 11 teachers &nd local educ&tors engaged, workingwith Toy& Walker to explore how different subjects can benefit from workingwith illustration. We took storyteller Olivia Armstrong&nd our'The Co&t of M&ny Pockets'schools session to the London East Teacher TrainingAlli&nce in M&y. 45 trainees working &cross Hackney, Tower H&mlets and Newham in a wide range of schools p&rticipated in the sensory story as'children, &nd then collabor&ted on sequential illustrations which told the story of the New River. What's next? We &re consultingwith teachers to informthe new Centre's schools offer as well &s formulating & longer-term strategywhich will promote the use of illustration as te&ching &nd learningtool across the curriculum. We willbe testing a new h&nds-on STEAM session in Islington schools which demonstr&tes how illustr&tion can be used to m&ke the invisible visible- for ex&mple, underground engineeringschemes which can't be &ccessed. 21
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 National Illustration Day Our second N&tion&l Illustr&tion D&y- the last Fridayin November- saw hundreds of thous&nds of people &nd org&nisations &cross the UK sh&re illustrations &cross soci&l media and with e&ch other in person. This year the event was supported by resources for bookshops, libr&ries, museums, workpl&ces, schools, nurseries, colleges and illustr&tion-lovers. N&tion&l Illustration Day will return on Friday 28 November. LXIIORKNEY TIIE JOLLY POSTJLIN bjr oW&er Peopleb LetLers JANET &ALLAN AHLBERG QQF
Qllentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Developing a sustainable business and operating model A new home at New Biver Head Following & competitive tender process, Rise Contr&cts were appointed as contr&ctor and construction workbeg&n on site in October. Con-currently work is underw&y to fin&lise gallery design, fit-out and landscaping. Fundraising Our Round 2 applic&tion to the N&tional LotteryHerit&ge Fund w&s confirmed, bringing a further £3.75mn of investment into the project to tr&nsform New River Head into Quentin Bl&ke Centre for Illustration. This combined with generous support from gT&nt m&kers and individu&ls enabled us to begin work on site. We would like to th&nk the Coral Samuel Trust, Cl&udi& Zeff, the Roald D&hl Story Company, Swire Charit&ble Trust, TIOC Foundation &nd Triad Found&tion. We would &lso like to thank our &nonymous donors and everyone who m&de their m&rkthrough our public appe&l. Your support got us over the line. Alongside these kind donations to our c&pital appeal, we received £590,420 in revenue support including: 23
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 - Support from the MillerKnoll Foundation to work with the loc&1 communityto develop progr&mmingth&t will engage underrepresented gTOUPS With &rt anddesign, bringingthe Quentin Bl&ke Centre for Illustration to life. - A Trterchant Taylors, Found&tion Education gTant to empower youngpeople and enhance curriculum le&rningthrough illustration. - Auctions and s&les of workby Quentin Blake raised £209,179 to support our work coll&boratingwith schools, community gTOUPS, residents &nd expert &dvisorsto design and deliver inclusive progr&mming, welcoming sp&ces &nd exciting exhibitions at the new Quentin Blake Centre. Thanks to Bonh&ms &nd H&stings Contemporary for facilit&ting the s&les. Our thanks &lso to our Illustration Angels &nd Friends whose ongoingregular support is so v&lu&ble. People and facilities Quentin Bl&ke Centre employs 14 people across the equivalent of10 full-time- position& Support from the PidelityUK Found&tion has enabled us to expand fundr&isingcapacity, both to complete the c&mp&ign &nd to ensure we have sufficient revenue fundingto deliver our progT&mmes at the new Centre. An office has been established within the communic&tionsbusiness Lansons in F&rringdon, a short walk from the New River Head site, enabling hybrid working &nd in-person meetings. We were delighted to welcome Munesh M&khani, P&m Raynor &nd Stella Toonen as trustees. The Bo&rd is complemented by a pool of advisers who bringdifferent perspectives to the leadership ofthe ch&rity. We are gr&tefulto allwho generously give their time. We continue to develop our recruitment and employment practices to &ttr&ct &nd support diverse c&ndidates. Me&sures include online open evenings, &nonymised shortlisting, large-print packs &nd the option of video &pplications for some roles, &dv&nce questionswhere &ppropriate for the role, f&ir lead-times for presentations and gu&ranteed interviews for disabled applic&nts or those from under-represented heritagewho meet minimum criteria for the role. What's next? During 2025/26 we will complete the c&pital works &nd gr&duallybuild the te&m to increase progT&mming, m&rketing, communications, f&cilities &nd visitor experience c&pacity. The Quentin Blake Centre is scheduled to open in spring 2026. 24
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 PEOPLE Founder Trustee Quentin Bl&ke Trustees Peter Andrews D&lwardin B&bu OBE Peter Barron Richard B&wden S&mantha Colt Marion Deuchars Ellie He&d Mel&nie J. Johnson John Kampfner (Chair) Munesh M&ht&ni Pam R&ynor Stell& Toonen Cl&udi& Zeff (Deputy Ch&ir) Ambassadors Quentin Bl&ke Anthea Carver Jeremy C&rver L&uren Child Sarah Culshaw Nicholas Durbridge Peter Fineman Judy Gibbons Lariss& Joy M&rtha Ke&rney Colin McKenzie Axel Scheffler Artistic Programme Adirisory Panel Sarah Culshaw Ellie He&d (Trustee) Peter Nencini 25
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Ligay& S&lazar Yimiao Shih Annie Warburton Joy Y&mus&ngie M&ggie Yang Cl&udi& Zeff (Trustee) Capital Project Sub-committee Peter Andrews (Chair, Trustee) L&uren Child Alan Cook Nicholas Durbridge Peter Fineman Jenny Higham John Kampfner (Trustee) Cl&udi& Zeff (Trustee) Finance Committee Richard B&wden (Ch&ir. Trustee) Nicholas Durbridge Clive Hinds John K&mpfner (Trustee) Pam R&ynor Nominations Committee D&lw&rdin Babu (Trustee) Richard Bawden (Trustee) Sam&nth& Colt (Chair, Trustee) Marion Deuchars (Trustee) John K&mpfner (Trustee) Claudia Zeff (Trustee) 26
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Supporters With th&nks to all ofthe Centre's supporters, p&st &nd present, includingthose who prefer to remain &nonymous and those not listed here. Together, their support represents a signific&nt contribution to the work of the Centre, championing illustration for all. statutory funders Clerkenwell Ward Collncillors via the Islington Community Infrastructure Levy The National Lottery Herit&ge Fund Trusts, foundations and companies The Band Trust City Bridge Trust Fantastic Peach Foundation, Ro&ld Dahl Story Companyand D&hl family The Foyle Foundation Garfield Weston Follnd&tion Gatsby Charitable Foundation Islington BllildingPreserv&tion Trust Kusllma Trust The Linbury Trust Robert Gavron Charitable Trust The Wolfson Foundation CHKFoundation Cockayne - The London Community Foundation Google Arts & Culture HeTltage of London Trust John Ellerman Foundation The Linder Foundation Merchant Taylors, Foundation MillerKnoll Foundation The Barbara and Philip Denny Charitable Trust The Swire Charitable Trust TIOC Follnd&tion Triad Foundation Amwell Society Atkin Charitable Follnd&tion The Buffini Chao Foundation 27
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Chapman Charitable Trust Fineman Family Trust The GoldenBottle Trust John S Cohen Foundation Myddelton Square Association The Philip and Irene Toll Gage Foundation Individual donors Barbara Bannister Peter and Julia B&rron Graham and Joanna Barker Richard and Carolyn B&wden QuentinBlake Samantha Colt Sarah Culshaw Peter Darr&h TrTicholas and Linda Durbridge Michael and Margaret Fowle Judy Gibbons JennyHigham and Ed Naylor Bella HoaTe Patrick Janson-smith &nd Anne Louise Fisher Melanie J. Johnson John Kampfner and LucyAsh Mike Kirk Sir Richard Lambert and Harriet Mllrray-Browne Dave and Lisa M&son The John Ivlurray Family Paul and Anne Nurse Elizabeth Pryce Caroline Royds Dai Smith and Susan Gostick Paul Thornton Richard and Jacqueline Worswick Claudia Zeff and John Brown 28
Qllentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Reference and Administrative Details Method of appointment or election of Trustees The m&nagement of the company &nd the group is the responsibility of the Trustees who &re elected and co-opted underthe terms ofthe Memorandum &nd Articles of Associ&tion. Comp&ny Registered Number 04484943 Charity Registration Number 1095210 Registered Office 75 Maygrove Roa(L London, DTW6 2EG Comp&ny Secret&ry Martin Saunders Auditors Goldwins Limited, 75 MaygTove Ro&iL London, NW6 2EG Bankers HSBC, 1-3 Bishopsg&te, London, EC2N 3AQ 29
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 structure, governance and management Quentin Bl&ke Centre for Illustration is registered as a charit&ble comp&ny limited by gu&rantee (ch&rity number 1095210) and was set up &nd is constituted by Memorandum of Association on 09/07/2002. Charitable objects The objects ofQuentin Bl&ke Centre for Illustr&tion are to educ&te the public in the &rt of illustration, in p&rticul&r by owning, managing and operating a space open to the public for the displ&y and study of the works of illustrators &nd &ssociated pictures, dr&wings, sketches and illustr&tions, works ofliter&ture, artef&cts and objets d'&rt. We h&ve referred to the guid&nce cont&ined in the Charity Commission's general guid&nce on public benefit when renewing our aims &nd objectives and in planning our future &ctivities. Beserves policy Quentin Bl&ke Centre for Illustration's unrestricted reserves &t 31 December 2024 were in deficit£323,265 (2023: unrestricted reserves deficit£117,985). The Trustees &re concerned to m&int&in an adequate level of reserves to enable Quentin Bl&ke Centre for Illustr&tionto carry out its ch&ritable objectives. The Trustees consider th&t there is adequate &ssur&nce that Quentin Bl&ke Centre for Illustration can fund operating deficits now &nd &rising in future years. More det&il is provided in note l(b) on going concern. Risk management The Trustees h&ve reviewed the major risks towhich the charity is exposed &nd systems have been established to man&ge those risks. While this cannot provide &bsolute assurance, the trustees believe that the steps taken will en&ble Quentin Blake Centre for Illustrationto pursue its objectives. No m&teri&l uncertainties th&t may cast significant doubt &bout the ability of the charity/ companyto continue &s & going concern have been identified bytrustees. 30
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 statement of Trustees, responsibilities The Trustees (who &re also directors of Quentin Bl&ke Centre for Illustrationfor the purposes of comp&ny law) are responsible for preparingthe Trustees, Report &nd the financial st&tements in &ccordance with &pplicable law and United Kingdom Accounting Standards (United Kingdom Gener&llyAccepted AccountingPractice). Company law requires the Trustees to prepare fin&nci&l st&tements for each financial year. Under comp&ny l&w the Trustees must not approve the fin&nci&l st&tements unless they are satisfied that they give & true &nd f&ir viewofthe st&te of aff&irs of the charit&ble company and of the incoming resources &nd &pplication of resources, includingthe income and expenditure, of the ch&ritable company for th&t period. In preparingthese fin&nci&l st&tements, the Trustees &re required to: Select suit&ble &ccountingpolicies and &pplythem consistently; Observe the methods and principles in the Ch&rities SORP. M&ke judgements and estim&tes th&t are reason&ble &nd prudent; Prepare the financial statements on the goingconcern b&sis unless it is inappropriate to presume that the charitable comp&nywill continue in oper&tion. The Trustees are responsible for keeping adequate &ccounting records that &re sufficient to show &nd explain the ch&rit&ble comp&ny's trans&ctions and disclose with reasonable &ccur&cy &t &ny time the financial position of the ch&ritable comp&ny &nd en&ble them to ensure th&t the financial statements comply with the Companies Act 2006. They are &lso responsible for s&fegu&rdingthe assets of the ch&rit&ble comp&ny and hence for taking re&sonable steps for the prevention and detection of fr&ud &nd other irregularities. Bemuneration of key management personnel The principles &nd guidelines relatingto st&ff pay and remuneration are reviewed &nnu&llyby members of the Finance Committee with recommendations to the board. There are annual staff appr&is&ls for all Quentin Bl&ke Centre for Illustr&tion staff and any adjustments or changes to st&ff terms &nd conditions of employment or pay &re recommended to thebo&rd bythe Director. 31
Quentin Blake Centre for Illustration Trustees. Report forthe yearended 31 December 2024 Disclosure of infonnation to auditor E&ch of the personswho are Trustees at the time when this Trustees, Report is &pproved h&s confirmed that: So f&r &s th&t Trustee is &ware, there is no relevant &udit inform&tion of which the charitable company's &uditor is un&ware, and that Trustee has t&ken all the steps that ought to h&ve been taken &s & Trustee in order to be &ware of any information needed bythe charitable company's &uditor in connection with prep&ringits report and to establish th&t the ch&ritable company's auditor is &ware of that information. Auditor A resolution for the reappointment of Goldwins &s auditor of Quentin Bl&ke Centre for Illustr&tion for the ensuingye&r will be proposed &t the forthcomingAnnu&l Gener&1 Meeting in accordance with section 495 of the Companies Act 2006. This report w&s approvedbythe Trustees on 02 June 2025 and signed on theirbeh&lf by John K&mpfner, Chair. 32
Independent Auditor's Report To the members of Quentin Blake Centre for Illustration Independent Auditor's Report Oplnlon We have &udited the fin&nci&l statements of Quentin Bl&ke Centre for Illustration for the ye&r ended 31 December 2024 which comprise the St&tement of Financial Activities, the B&lance Sheet, st&tement of c&sh flows &nd the related notes. The financial reporting framework that has been applied in their prepar&tion is applic&ble l&w &nd United Kingdom Accounting Stand&rds. including Financi&l Reporting Stand&rd 102: The Fin&nci&l Reporting St&nd&rd applicable in the UK &nd Republic of Ireland (United Kingdom Generally Accepted Accounting Pr&ctice). Opinion on financi&l statements In our opinion the fin&nci&l st&tements: give a true &nd f&ir view of the st&te of the ch&rit&ble comp&ny's &ffairs as at 31 December 2024 &nd of its income &nd expenditure for the ye&r then ended: have been properly prep&red in accordance with United Kingdom Gener&lly Accepted Accounting Practice; &nd have been prep&red in accordance with the requirements of the Companies Act 2006. B&sls for oplnlon We conducted our audit in accordance with Intern&tion&l Standards on Auditing (UK) (ISAS (UK)) &nd &pplicable l&w. Our responsibilities under those stand&rds &re further described in the Auditor, s responsibilities for the &udit of the financial st&tements section of our report. We are independent of the Ch&rity in &ccord&nce with the ethic&l requirements th&t are relevant to our audit of the financial st&tements in the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accord&nce with these requirements. We believe th&t the &udit evidence we h&ve obt&ined is sufficient &nd appropri&te to provide a basis for our opinion. Conclusions relating to going concern In &uditing the fin&nci&l statements, we h&ve concluded th&t the trustees, use of the going concern basis of accounting in the prepar&tion of the fin&nci&l statements is &ppropri&te. 33
Independent Auditor's Report To the members of Quentin Blake Centre for Illustration B&sed on the work we h&ve performed, we h&ve not identified &ny material uncertainties rel&tingto events or conditions th&t, individuallyor collectively, mayc&st significant doubt on the charity's &bilityto continue as & goingconcern for a period of at least twelve months from when the financial statements are &uthorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern &re described in the relevant sections of this report. other Information The trustees are responsible for the other inform&tion. The other inform&tion comprises the inform&tion included in the &nnual report other than the fin&nci&l statements &nd our auditor, s report thereon. Our opinion on the financi&l statements does not cover the other information and, except to the extent otherwise explicitly st&ted in our report, we do not express any form of &ssur&nce conclusion thereon. In connection with our &udit of the fin&nci&l st&tements, our responsibility is to re&d the other inform&tion &nd, in doing so, consider whether the other inform&tion is m&teri&lly inconsistentwith the fin&ncial st&tements or ourknowledge obtained in the &udit or otherwise appears to be m&terially misst&ted. If we identify such m&teri&l inconsistencies or &pparent m&teri&l misst&tements, we are required to determine whether there is a material misst&tement in the fin&nci&l st&tements or a material misstatement of the other inform&tion. If, b&sed on the work we have performed, we conclude that there is a material misst&tement of this other inform&tion, we are required to report th&t f&ct. We have nothingto report in this regard. Oplnlon on other matters prescrlbed by the Comp&nles Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the trustees, report (incorpor&tingthe directors, report) for the financial year for which the financial statements are prepared is consistent with the financial statements. &nd the trustees, report (incorpor&ting the directors, report) have been prepared in &ccord&nce with &pplicable leg&1 requirements. Matters on which we are required to report by exception In the light of the knowledge &nd underst&nding of the Charity &nd its environment obtained in the course of the audit, we have not identified m&teri&l misst&tements in the Trustees'Annual Report. 34
Independent Auditor's Report To the members of Quentin Blake Centre for Illustration We have nothing to report in respect of the following m&tters where the Comp&nies Act 2006 requires us to report to you if, in our opinion: &dequate accounting records h&ve not been kept or returns adequate for our &udit have not been received from branches notvisited by us. or the financial st&tements are not in &greement with the accounting records &nd returns; or certain disclosures of trustees, remuneration specified by l&w &re not m&de; or we have not received &ll the inform&tion &nd expl&n&tions we require for our audit. Responslbllltles of the tnistees As expl&ined more fully in the Trustees, Responsibilities Statement, the trustees (who &re &lso the directors of the charit&ble comp&ny for the purposes of comp&ny l&w) are responsible for the prep&r&tion of the fin&nci&l statements &nd for beings&tisfied that they give a true and fair view and for such intern&1 control &s they determine is necessaryto enable the preparation offin&nci&l statements th&t are free from m&teri&l misstatement, whether due to fr&ud or error. In preparing the financial st&tements, the trustees &re responsible for &ssessing the Ch&rity' s &bility to continue as a going concern, disclosing, &s &pplicable, m&tters rel&ted to going concern &nd using the going concern basis of &ccounting unless the trustees either intend to liquidate the Ch&rity or to cease oper&tions, or h&ve no realistic <ern&tive but to do so. Our responsibilities for the audit of the flnancl&l statements Our objectives &re to obt&in re&son&ble &ssur&nce about whether the financial st&tements as & whole &re free from material misstatement, whether due to fraud or error, andto issue &nauditor' sreportth&t includes ouropinion. Re&son&ble &ssur&nce is & high level of &ssur&nce, but is not a guarantee that &n &udit conducted in &ccordance with ISAS (UK) will &lways detect & material misst&tement when it exists. Misstatements can &rise from fr&ud or error and are considered m&terial if, individu&lly or in the &ggTegate, they could re&son&bly be expected to influence the economic decisions of users t&ken on the b&sis of these financial statements. Irregul&rities, including fraud, are instances of non-compliance with l&ws &nd regulations. We design procedures in line with our responsibilities, outlined &bove, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are c&p&ble of detecting irregul&rities, includingfr&ud are set out below. 35
Independent Auditor's Report To the members of Quentin Blake Centre for Illustration In identifying and assessingrisks of material misst&tement in respect of irregul&rities, includingfraud &nd non-compli&nce with laws &nd regul&tions, our procedures included the following. We enquired of m&n&gement, which included obt&ining and reviewing supporting document&tion, concerningthe charity's policies &nd procedures relatingto: Detecting, ev&lu&ting, and complying with laws and regul&tions &nd whether theywere aw&re of &nyinstances of non-compli&nce' Detectingof the risks of fr&ud &nd respondingwhethertheyh&ve knowledge of any &ctu&l or suspected fraud; We obtained &n underst&nding of the leg&1 and regul&tory framework th&t the ch&rityoper&tes in, focusingonthose l&ws and regul&tionsth&th&d a materi&leffect on the financial statements orth&t had & fund&ment&l effect onthe oper&tions ofthe charityfrom our profession&1 &nd sector experience. We performed &n&lytic&l procedures to detect &ny unusu&l or unexpected rel&tionships that m&y indic&te risks of material misst&tement due to fraud. Because of the inherent limit&tions of an audit, there is & riskthat we will not detect all irregul&rities, including those leading to & m&teri&l misstatement in the fin&nci&l statements or non-compliance with regulation. The risk is &lso greater rerdillg irregul&rities occurring due to fr&ud r&ther than error, &s fraud involves intention&1 concealment, forgery, collusion, omission or misrepresent&tion. A further description of our responsibilities for the &udit of the fin&nci&l statements is located on the Financial Reporting Council's website at: [www.frc.org.uk/&uditorsresponsibilitiesl. This description forms p&rt of our &uditor's report. 36
Independent Auditor's Report To the members of Quentin Blake Centre for Illustration Use of our report This report is m&de solely to the charit&ble company's members, as & body, in &ccordance with Ch&pter 3 of Part 16 of the Comp&nies Act 2006. Our audit work has been undert&ken so th&t we might st&te to the charity's members those matters we &re required to st&te to them in &n &uditor's report and for no other purpose. To the fullest extent permitted bylaw, we do not accept or assume responsibilityto &nyone other than the ch&rity&nd thecharity's members as &body, forour &uditwork, forthis report, or for the opinions we have formed. Anthony Epton (Senior Statutory Auditor) fo nd onbehalf of Goldwins L. StatutoryAuditor Chartered Accountants 75 M&ygTove Ro&d West H&mpstead London NW6 2EG 19 June 2025 37
Quentin Blake Centre for Illustration Consolidated Statement of Financial Activities
(incorporating an income and expenditure account) For the year ended 31 December 2024
| Restricted Funds Note £ Income from: Donations and legacies 3 1,915,850 Charitable activities 4 - Other trading activities: Trading activities - Investments 5 - Total income 1,915,850 Expenditure on: Raising funds: Voluntary income - Trading activities - Charitable activities 128,606 Total expenditure 6 128,606 1,787,244 Net gains / (losses) on investments - 7 1,787,244 Transfers between funds - Net movement in funds 1,787,244 Reconciliation of funds: Total funds brought forward 4,471,201 Total funds carried forward 6,258,445 Net income / (expenditure) before net gains / (losses) on investments Net income / (expenditure) for the year |
Unrestricted Funds £ 429,643 74,982 23,234 49,438 577,297 170,694 2,930 608,953 782,577 (205,280) - (205,280) - (205,280) (117,985) (323,265) |
2024 Total Funds £ 2,345,493 74,982 23,234 49,438 2,493,147 170,694 2,930 737,559 911,183 1,581,964 - 1,581,964 - 1,581,964 4,353,216 5,935,180 |
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 |
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.
38
Quentin Blake Centre for Illustration Balance sheet As at 31 December 2024
| Balance sheet As at 31 December 2024 |
|||||
|---|---|---|---|---|---|
| Group | Group | Charity | Charity | ||
| 2024 | 2023 | 2024 | 2023 | ||
| Note | £ | £ | £ | £ | |
| Fixed assets: | |||||
| Tangible assets | 10 | 4,591,269 | 3,657,740 | 4,591,269 | 3,657,740 |
| Investments | 11 | - | - | 1 | 1 |
| 4,591,269 | 3,657,740 | 4,591,270 | 3,657,741 | ||
| Current assets: | |||||
| Debtors | 12 | 199,624 | 128,315 | 482,599 | 438,516 |
| Cash at bank and in hand | 2,226,267 | 1,797,875 | 2,175,099 | 1,727,096 | |
| 2,425,891 | 1,926,190 | 2,657,698 | 2,165,612 | ||
| Liabilities: | |||||
| Creditors: amounts falling due within one | 13 | (45,556) | (58,742) | (45,511) | (58,701) |
| Net current assets | 2,380,335 | 1,867,448 | 2,612,187 | 2,106,911 | |
| Liabilities: | |||||
| Creditors: amounts falling due after one | 14 | (1,036,424) | (1,171,972) | (1,036,424) | (1,171,972) |
| Total net assets | 5,935,180 | 4,353,216 | 6,167,033 | 4,592,680 | |
| Funds | 15 | ||||
| Restricted funds | 6,258,445 | 4,471,201 | 6,258,445 | 4,471,201 | |
| Unrestricted funds: | |||||
| General funds | (323,265) | (117,985) | (91,412) | 121,479 | |
| Total funds | 5,935,180 | 4,353,216 | 6,167,033 | 4,592,680 |
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 02 June 2025. 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.
39
Quentin Blake Centre for Illustration Consolidated Statement of cash flows For the year ended 31 December 2024
| 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 |
2024 £ 49,438 (942,691) |
2024 £ 1,457,193 (893,253) (135,548) |
2023 £ 21,558 (165,736) |
2023 £ 620,176 (144,178) (33,028) |
|---|---|---|---|---|
| - (135,548) |
1,000,000 (1,033,028) |
|||
| 428,392 1,797,875 - |
442,970 1,354,905 - |
|||
| 2,226,267 | 1,797,875 |
40
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2024
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 July 2023 the London Borough of Islington granted planning and listed building consent for the proposed redevelopment of Quentin Blake Centre for Tllustration’s new site at New River Head. In June 2023, QBCI secured a £1.98 million loan facility from Charity Bank, £1 million of which was used to repay existing borrowings, with the balance to be made available on reaching certain fundraising targets. In September 2024, the trustees approved the appointment of a contractor for the redevelopment of New River Head to begin. In 2025, Charity Bank has indicated its potential willingness to increase its loan facility, secured on the increased capital value of New River Head as the redevelopment nears completion, and such discussions are underway. Quentin Blake Centre for Illustration’s ability to fund its accumulated operating deficit at 31st December 2024, 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
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.
41
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2024
1. Accounting policies (continued)
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.
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:
Shorter of the useful economic life or the Long Term Leasehold Property remaining lease term 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. Depreciation of New River Head capital improvements will commence once construction is completed.
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.
42
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2024
- 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 Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward Net income / (expenditure) for the year Net income / (expenditure) before net gains / (losses) on investments Net gains / (losses) on investments |
Restricted Funds £ 1,915,850 1,915,850 Restricted Funds £ - - Restricted Funds £ - - |
2023 Restricted Funds £ 666,650 - - - 666,650 - - 123,452 123,452 543,198 - 543,198 - 543,198 3,928,003 4,471,201 Unrestricted Funds £ 429,643 429,643 Unrestricted Funds £ 74,982 74,982 Unrestricted Funds £ 49,438 49,438 |
2023 Unrestricted Funds £ 407,014 132,356 47,238 21,558 608,166 156,487 5,455 642,098 804,040 (195,874) - (195,874) - (195,874) 77,889 (117,985) 2024 Total Funds £ 2,345,493 2,345,493 2024 Total Funds £ 74,982 74,982 2024 Total Funds £ 49,438 49,438 |
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 | ||||
| 2023 Total Funds £ 1,073,664 |
||||
| 1,073,664 | ||||
| 2023 Total Funds £ 132,356 |
||||
| 132,356 | ||||
| 2023 Total Funds £ 21,558 |
||||
| 21,558 |
43
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2024
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 Audit and accountancy Support costs Total expenditure 2024 Total expenditure 2023 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 Audit and Accountancy Support costs Total expenditure 2023 Total expenditure 2022 |
Charitable activities £ 295,747 5,910 - - 45,927 51,108 - 12 603 - - - - - |
Cost of raising funds | Cost of raising funds | Support costs £ 94,598 1,592 - - - - 12,541 - 164,616 29,697 11,822 5,572 9,162 8,652 |
2024 Total £ 529,529 10,700 31,236 6 45,927 51,108 12,541 12 165,219 29,697 11,822 5,572 9,162 8,652 |
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 |
|---|---|---|---|---|---|---|
| Voluntary income £ 136,320 3,138 31,236 - - - - - - - - - - - |
Trading activities £ 2,864 60 - 6 - - - - - - - - - - |
|||||
| 399,307 338,252 |
170,694 - |
2,930 - |
338,252 (338,252) |
911,183 - |
927,492 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 |
|
| 737,559 | 170,694 | 2,930 | - | 911,183 | ||
| 765,550 | 156,487 | 5,455 | - | 927,492 | ||
| Charitable activities £ 278,231 5,581 - - 37,407 71,903 - 1,221 887 - - - - - |
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 |
||||
| 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 |
44
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2024
7 Net income / (expenditure) for the year
| This is stated after charging / (crediting): | 2024 | 2023 |
|---|---|---|
| £ | £ | |
| Depreciation | 9,162 | 9,067 |
| Auditor's remuneration: | ||
| Audit fees net of VAT | 6,108 | 5,497 |
| 8 | Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel | ||
|---|---|---|---|
| Staff costs were as follows: | 2024 | 2023 | |
| £ | £ | ||
| Salaries and wages | 484,983 | 449,694 | |
| Social security costs | 44,546 | 35,808 | |
| Employer’s contributionto defined contribution pensionschemes | 10,700 | 9,659 | |
| 540,229 | 495,161 | ||
| The following number of employees received employee benefits (excluding employer pension) during the year between: | |||
| 2024 | 2023 | ||
| No. | No. | ||
| £80,000 -£89,999 | 1 | 1 |
The total employee benefits including employer national insurance and employer pension contributions of the key management personnel were £91,307 (2023: £92,702 ).
The charity trustees were not paid and did not receive any other benefits from employment with the charity or its subsidiary in the year (2023: £nil). Neither were they reimbursed expenses during the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).
Staff numbers
The average number of employees (head count based on number of staff employed) during the year was as follows:
| 2024 | 2023 | |
|---|---|---|
| No. | No. | |
| Charitable activities | 14 | 14 |
| 14 | 14 |
9 Taxation
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
45
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2024
| 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 £ 3,625,675 942,691 - |
Fixtures & Fittings £ 977 - - |
Computer equipment £ 44,589 - - |
Other fixed assets £ - - - |
Total £ 3,671,241 942,691 - |
|---|---|---|---|---|---|
| 4,568,366 | 977 | 44,589 | - | 4,613,932 | |
| - - - - |
331 245 - - |
13,170 8,917 - - |
- - - - |
13,501 9,162 - - |
|
| - | 576 | 22,087 | - | 22,663 | |
| 3,625,675 | 646 | 31,419 | - | 3,657,740 | |
| 4,568,366 | 401 | 22,502 | - | 4,591,269 | |
| Long Term Leasehold Property £ 3,625,675 942,691 - |
Fixtures & Fittings £ 977 - - |
Computer equipment £ 44,589 - - |
Other fixed assets £ - - - |
Total £ 3,671,241 942,691 - |
|
| 4,568,366 | 977 | 44,589 | - | 4,613,932 | |
| - - - |
331 245 - |
13,170 8,917 - |
- - - |
13,501 9,162 - |
|
| - | 576 | 22,087 | - | 22,663 | |
| 3,625,675 | 646 | 31,419 | - | 3,657,740 | |
| 4,568,366 | 401 | 22,502 | - | 4,591,269 |
46
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2024
11 Investments
Quentin Blake Centre Trading Company Ltd
At 31 December 2024 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 |
2024 £ 23,233 (6) |
2023 £ 47,238 (2,743) |
|---|---|---|
| 23,227 (616) |
44,495 (900) |
|
| 22,611 (15,000) |
43,595 (15,000) |
|
| 7,611 - |
28,595 - |
|
| 7,611 (239,465) |
28,595 (268,060) |
|
| (231,854) | (239,465) |
At 31 December 2024, the aggregate of the share capital and reserves of Quentin Blake Centre Trading Company Ltd amounted to £231,853 deficit (2023 £239,464 deficit).
| 12 Debtors Due within one year Trade debtors Amount due from subsidiary Other debtors (VAT refunds & Advance payments) Prepayments and accrued income 13 Creditors: amounts falling due within one year Trade creditors Taxation and social security Other loans Accruals and deferred income Deferred income of £2,034(2023: £16,742) is included within accruals and deferred income 14 Creditors: amounts falling due after more than one year Other loans |
Group 2024 £ 21,514 - 98,804 79,306 |
Group 2023 £ 34,859 - - 93,456 |
Charity 2024 £ 21,514 282,975 98,804 79,306 |
Charity 2023 £ 17,578 327,482 - 93,456 |
|---|---|---|---|---|
| 199,624 | 128,315 | 482,599 | 438,516 | |
| Group 2024 £ 18,208 10,559 - 16,789 |
Group 2023 £ 16,031 9,145 - 33,566 |
Charity 2024 £ 18,163 10,559 - 16,789 |
Charity 2023 £ 15,990 9,145 - 33,566 |
|
| 45,556 | 58,742 | 45,511 | 58,701 | |
| above. Group 2024 £ 1,036,424 |
Group 2023 £ 1,171,972 |
Charity 2024 £ 1,036,424 |
Charity 2023 £ 1,171,972 |
|
| 1,036,424 | 1,171,972 | 1,036,424 | 1,171,972 |
Other loans include amounts lent to the charity interest-free by former 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% and has a maturity date of 07 July 2028.
47
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2024
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 £ 22,903 735,812 (45,556) (1,036,424) |
Designated Funds £ - - - - |
Restricted Funds £ 4,568,366 1,690,079 - - |
Total funds £ 4,591,269 2,425,891 (45,556) (1,036,424) |
| (323,265) | - | 6,258,445 | 5,935,180 | |
| 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 |
| 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 |
£ - 44,264 4,416,937 10,000 At the start of the year |
£ - 25,832 1,752,818 137,200 Incoming resources & gains |
£ - (13,352) - (115,254) Outgoing resources & losses |
Transfers £ - - - - |
£ - 56,744 6,169,755 31,946 At the end of the year |
|---|---|---|---|---|---|
| 4,471,201 | 1,915,850 | (128,606) | - | 6,258,445 | |
| (117,985) | 577,297 | (782,577) | - | (323,265) | |
| 4,353,216 | 2,493,147 | (911,183) | - | 5,935,180 | |
| £ - 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 |
48
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2024
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
| 17 | Reconciliation of net income / (expenditure) to net cash flow from operating activities | Reconciliation of net income / (expenditure) to net cash flow from operating activities | |||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| £ | £ | ||||
| Net income / (expenditure) for the reporting period | 1,581,964 | 347,324 | |||
| (as per the consolidated statement of financial activities) | |||||
| Investment income | (49,438) | (21,558) | |||
| Depreciation | 9,162 | 9,067 | |||
| Impairment loss | - | - | |||
| (Increase)/ decrease in stock | - | - | |||
| (Increase)/ decrease in debtors | (71,309) | 291,465 | |||
| Increase/ (decrease) in creditors | (13,186) | (6,122) | |||
| Net cash provided by / (used in) operating activities | 1,457,193 | 620,176 | |||
| Interest Paid (included in Admin and Operating Costs) | 104,557 | 77,259 | |||
| 18 | Analysis of cash and cash equivalents | At 31 | |||
| At 1 January | Other | December | |||
| 2024 | Cash flows | changes | 2024 | ||
| £ | £ | £ | £ | ||
| Cash at bank and in hand | 1,797,875 | 428,392 | - | 2,226,267 | |
| Total cash and cash equivalents | 1,797,875 | 428,392 | - | 2,226,267 |
49
Quentin Blake Centre for Illustration Notes to the financial statements For the year ended 31 December 2024
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 |
2024 2023 £ £ 1 1 4 4 240 241 Group Property |
2024 2023 £ £ 1 1 4 4 240 241 Group Property |
2024 2023 £ £ 1 1 4 4 240 241 Charity Property |
2024 2023 £ £ 1 1 4 4 240 241 Charity Property |
|---|---|---|---|---|
| 245 | 246 | 245 | 246 |
Leases entered into with regards to land and buildings at New River Head are:
-
Land and buildings to rear of Charles Allen House from 02/03/2010 to 01/03/3009, 999 years, peppercorn rent
-
Pump house from 28/08/2019 to 27/08/2269, 250 years, annual rent £1
-
Viewing platform from 06/07/2023 to 27/08/2269, 246 years, peppercorn rent
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.
50