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&lth 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 &ltern&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 @ v￿entina 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 v￿entIna 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
P*d IFkin thatl
In an Elephant Bed
You go urf)ereyou p￿ase
You pick banatkis
E&ght out ol the tree&
If the liger5jUrnP UP
When hapw to %ne
Why. Ihrycan'l jump higher
Than tho ol￿ant'S kn￿.
An Elephant P*d
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.
Il1uyLr4t￿nf￿￿Th￿
ithoiithnEnd(L8
Pr1BdT￿hwi1helllIc
15&TAhAufitJntr￿31a
nf1￿]￿￿9*0ry
EndL186B)by
llh£linCth)vè
hroTholi¢ho8rApli.C
¢￿TI5￿5￿￿k￿l￿yX￿￿
gr￿ph.cOurt¢sYuT
u1byandtt￿J¢
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 Investi￿te 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 Or￿niSation The Parent House to develop initial
ide&s for f&mily en￿gernent 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 Or￿nIS&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 &ltern&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 re￿rdillg
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**<br>**Funds**<br>**Note**<br>**£**<br>**Income from:**<br>Donations and legacies<br>**3**<br>**1,915,850**<br>Charitable activities<br>**4**<br>**-**<br>_Other trading activities:_<br>Trading activities<br>**-**<br>Investments<br>**5**<br>**-**<br>**Total income**<br>**1,915,850**<br>**Expenditure on:**<br>_Raising funds:_<br>Voluntary income<br>**-**<br>Trading activities<br>**-**<br>Charitable activities<br>**128,606**<br>**Total expenditure**<br>**6**<br>**128,606**<br>**1,787,244**<br>Net gains / (losses) on investments<br>**-**<br>**7**<br>**1,787,244**<br>Transfers between funds<br>**-**<br>**Net movement in funds**<br>**1,787,244**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>**4,471,201**<br>**Total funds carried forward**<br>**6,258,445**<br>**Net income / (expenditure) before net**<br>**gains / (losses) on investments**<br>**Net income / (expenditure) for the year**|**Unrestricted**<br>**Funds**<br>**£**<br>**429,643**<br>**74,982**<br>**23,234**<br>**49,438**<br>**577,297**<br>**170,694**<br>**2,930**<br>**608,953**<br>**782,577**<br>**(205,280)**<br>**-**<br>**(205,280)**<br>**-**<br>**(205,280)**<br>**(117,985)**<br>**(323,265)**|**2024**<br>**Total**<br>**Funds**<br>**£**<br>**2,345,493**<br>**74,982**<br>**23,234**<br>**49,438**<br>**2,493,147**<br>**170,694**<br>**2,930**<br>**737,559**<br>**911,183**<br>**1,581,964**<br>**-**<br>**1,581,964**<br>**-**<br>**1,581,964**<br>**4,353,216**<br>**5,935,180**|2023<br>Total<br>Funds<br>£<br>1,073,664<br>132,356<br>47,238<br>21,558|
|---|---|---|---|
||||1,274,816|
||||156,487<br>5,455<br>765,550|
||||927,492|
||||347,324<br>-|
||||347,324<br>-|
||||347,324<br>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**<br>**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**<br>**Cash flows from operating activities:**<br>Net cash provided by / (used in) operating activities<br>**17**<br>**Cash flows from investing activities:**<br>Interest/ rent/ dividends from investments<br>Sale/ (purchase) of fixed assets<br>**Cash provided by / (used in) investing activities**<br>**Cash flows from financing activities:**<br>Cash inflows from new borrowing<br>Cash outflows from repaid borrowing<br>**Cash provided by / (used in) financing activities**<br>**Change in cash and cash equivalents in the year**<br>Cash and cash equivalents at the beginning of the year<br>**Cash and cash equivalents at the end of the year**<br>**18**<br>Change in cash and cash equivalents due to exchange<br>rate movements|**2024**<br>**£**<br>**49,438**<br>**(942,691)**|**2024**<br>**£**<br>**1,457,193**<br>**(893,253)**<br>**(135,548)**|2023<br>£<br>21,558<br>(165,736)|2023<br>£<br>620,176<br>(144,178)<br>(33,028)|
|---|---|---|---|---|
||**-**<br>**(135,548)**||1,000,000<br>(1,033,028)||
||||||
|||**428,392**<br>**1,797,875**<br>**-**||442,970<br>1,354,905<br>-|
|||**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:<br>Donations and legacies<br>Charitable activities<br>_Other trading activities:_<br>Trading activities<br>Investment income<br>Total income<br>Expenditure on:<br>_Raising funds:_<br>Voluntary income<br>Trading activities<br>Charitable activities<br>Total expenditure<br>Reconciliation of funds:<br>**3**<br>**Income from donations and legacies**<br>Trusts & Foundations and Individual donations<br>**4**<br>**Income from charitable activities**<br>Exhibition admissions, touring fees and education<br>and event programme<br>**Total income from charitable activities**<br>**5**<br>**Investments**<br>Interest<br>Transfers between funds<br>Net movement in funds<br>Total funds brought forward<br>Total funds carried forward<br>Net income / (expenditure) for the year<br>Net income / (expenditure) before net gains / (losses) on<br>investments<br>Net gains / (losses) on investments|**Restricted**<br>**Funds**<br>**£**<br>**1,915,850**<br>**1,915,850**<br>**Restricted**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**Restricted**<br>**Funds**<br>**£**<br>-<br>-|2023<br>Restricted<br>Funds<br>£<br>666,650<br>-<br>-<br>-<br>666,650<br>-<br>-<br>123,452<br>123,452<br>543,198<br>-<br>543,198<br>-<br>543,198<br>3,928,003<br>4,471,201<br>**Unrestricted**<br>**Funds**<br>**£**<br>**429,643**<br>**429,643**<br>**Unrestricted**<br>**Funds**<br>**£**<br>**74,982**<br>**74,982**<br>**Unrestricted**<br>**Funds**<br>**£**<br>**49,438**<br>**49,438**|2023<br>Unrestricted<br>Funds<br>£<br>407,014<br>132,356<br>47,238<br>21,558<br>608,166<br>156,487<br>5,455<br>642,098<br>804,040<br>(195,874)<br>-<br>(195,874)<br>-<br>(195,874)<br>77,889<br>(117,985)<br>**2024**<br>**Total Funds**<br>**£**<br>**2,345,493**<br>**2,345,493**<br>**2024**<br>**Total Funds**<br>**£**<br>**74,982**<br>**74,982**<br>**2024**<br>**Total Funds**<br>**£**<br>**49,438**<br>**49,438**|2023<br>Total Funds<br>£<br>1,073,664<br>132,356<br>47,238<br>21,558|
|---|---|---|---|---|
|||||1,274,816|
|||||156,487<br>5,455<br>765,550|
|||||927,492|
|||||347,324<br>-|
|||||347,324<br>-|
|||||347,324<br>-<br>4,005,892|
|||||4,353,216|
|||||2023<br>Total Funds<br>£<br>1,073,664|
|||||1,073,664|
|||||2023<br>Total Funds<br>£<br>132,356|
|||||132,356|
|||||2023<br>Total Funds<br>£<br>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<br>Pension costs<br>Fundraising costs<br>Retail costs including cost of sales<br>Exhibitions<br>Education<br>IT and website<br>Public programme<br>Admin and operating costs<br>Premises<br>Marketing and communications<br>Irrecoverable VAT<br>Depreciation<br>Audit and accountancy<br>Support costs<br>**Total expenditure 2024**<br>Total expenditure 2023<br>Analysis of expenditure<br>Prior year<br>Staff costs<br>Pension costs<br>Fundraising costs<br>Retail costs including cost of sales<br>Exhibitions<br>Education<br>IT and website<br>Public Programme<br>Admin and operating costs<br>Premises<br>Marketing and communications<br>Irrecoverable VAT<br>Depreciation<br>Audit and Accountancy<br>Support costs<br>Total expenditure 2023<br>Total expenditure 2022|**Charitable**<br>**activities**<br>**£**<br>**295,747**<br>**5,910**<br>**-**<br>**-**<br>**45,927**<br>**51,108**<br>**-**<br>**12**<br>**603**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|**Cost of raising funds**|**Cost of raising funds**|**Support**<br>**costs**<br>**£**<br>**94,598**<br>**1,592**<br>**-**<br>**-**<br>**-**<br>**-**<br>**12,541**<br>**-**<br>**164,616**<br>**29,697**<br>**11,822**<br>**5,572**<br>**9,162**<br>**8,652**|**2024**<br>**Total**<br>**£**<br>**529,529**<br>**10,700**<br>**31,236**<br>**6**<br>**45,927**<br>**51,108**<br>**12,541**<br>**12**<br>**165,219**<br>**29,697**<br>**11,822**<br>**5,572**<br>**9,162**<br>**8,652**|2023<br>Total<br>£<br>485,502<br>9,659<br>41,128<br>2,743<br>37,407<br>71,903<br>15,396<br>1,221<br>190,945<br>26,604<br>20,575<br>5,495<br>9,066<br>9,848|
|---|---|---|---|---|---|---|
|||**Voluntary**<br>**income**<br>**£**<br>**136,320**<br>**3,138**<br>**31,236**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|**Trading**<br>**activities**<br>**£**<br>**2,864**<br>**60**<br>**-**<br>**6**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**||||
||**399,307**<br>**338,252**|**170,694**<br>**-**|**2,930**<br>**-**|**338,252**<br>**(338,252)**|**911,183**<br>**-**|927,492<br>2022<br>Total<br>£<br>429,662<br>8,708<br>17,703<br>9,864<br>43,922<br>38,882<br>10,247<br>2,606<br>85,354<br>26,792<br>16,160<br>7,612<br>3,976<br>5,023|
||**737,559**|**170,694**|**2,930**|**-**|**911,183**||
||765,550|156,487|5,455|-|927,492||
||Charitable<br>activities<br>£<br>278,231<br>5,581<br>-<br>-<br>37,407<br>71,903<br>-<br>1,221<br>887<br>-<br>-<br>-<br>-<br>-|||Support<br>costs<br>£<br>91,467<br>1,811<br>-<br>-<br>-<br>-<br>15,396<br>-<br>190,058<br>26,604<br>20,575<br>5,495<br>9,066<br>9,848|2023 Total<br>£<br>485,502<br>9,659<br>41,128<br>2,743<br>37,407<br>71,903<br>15,396<br>1,221<br>190,945<br>26,604<br>20,575<br>5,495<br>9,066<br>9,848||
|||Voluntary<br>income<br>113,147<br>2,212<br>41,128<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|Trading<br>activities<br>£<br>2,657<br>55<br>-<br>2,743<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-||||
||395,230<br>370,320|156,487<br>-|5,455<br>-|370,320<br>(370,320)|927,492<br>-|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**<br>**Group Tangible fixed assets**<br>**Cost**<br>At the start of the year<br>Additions in year<br>Disposals in year<br>At the end of the year<br>**Depreciation**<br>At the start of the year<br>Charge for the year<br>Impairment losses<br>Eliminated on disposal<br>At the end of the year<br>**Net book value**<br>At the start of the year<br>**At the end of the year**<br>**Charity Tangible fixed assets**<br>**Cost**<br>At the start of the year<br>Additions in year<br>Disposals in year<br>At the end of the year<br>**Depreciation**<br>At the start of the year<br>Charge for the year<br>Eliminated on disposal<br>At the end of the year<br>**Net book value**<br>At the start of the year<br>**At the end of the year**|**Long Term**<br>**Leasehold**<br>**Property**<br>£<br>3,625,675<br>942,691<br>-|**Fixtures &**<br>**Fittings**<br>£<br>977<br>-<br>-|**Computer**<br>**equipment**<br>£<br>44,589<br>-<br>-|**Other fixed**<br>**assets**<br>£<br>-<br>-<br>-|**Total**<br>**£**<br>**3,671,241**<br>**942,691**<br>**-**|
|---|---|---|---|---|---|
||4,568,366|977|44,589|-|**4,613,932**|
||-<br>-<br>-<br>-|331<br>245<br>-<br>-|13,170<br>8,917<br>-<br>-|-<br>-<br>-<br>-|**13,501**<br>**9,162**<br>**-**<br>**-**|
||-|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<br>Leasehold<br>Property<br>£<br>3,625,675<br>942,691<br>-|Fixtures &<br>Fittings<br>£<br>977<br>-<br>-|Computer<br>equipment<br>£<br>44,589<br>-<br>-|Other fixed<br>assets<br>£<br>-<br>-<br>-|**Total**<br>**£**<br>**3,671,241**<br>**942,691**<br>**-**|
||4,568,366|977|44,589|-|**4,613,932**|
||-<br>-<br>-|331<br>245<br>-|13,170<br>8,917<br>-|-<br>-<br>-|**13,501**<br>**9,162**<br>**-**|
||-|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<br>Cost of sales<br>Gross profit<br>Administration expenses<br>Operating profit<br>Interest payable<br>Profit before tax<br>Tax on (loss)/profit<br>Profit after tax<br>Retained earning at the beginning of the year<br>Retained in subsidiary|**2024**<br>**£**<br>**23,233**<br>**(6)**|2023<br>£<br>47,238<br>(2,743)|
|---|---|---|
||**23,227**<br>**(616)**|44,495<br>(900)|
||**22,611**<br>**(15,000)**|43,595<br>(15,000)|
||**7,611**<br>**-**|28,595<br>-|
||**7,611**<br>**(239,465)**|28,595<br>(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**<br>**Debtors**<br>**Due within one year**<br>Trade debtors<br>Amount due from subsidiary<br>Other debtors (VAT refunds & Advance payments)<br>Prepayments and accrued income<br>**13**<br>**Creditors: amounts falling due within one year**<br>Trade creditors<br>Taxation and social security<br>Other loans<br>Accruals and deferred income<br>Deferred income of £2,034(2023: £16,742) is included within accruals and deferred income<br>**14**<br>**Creditors: amounts falling due after more than one year**<br>Other loans|**Group**<br>**2024**<br>**£**<br>**21,514**<br>**-**<br>**98,804**<br>**79,306**|Group<br>2023<br>£<br>34,859<br>-<br>-<br>93,456|**Charity**<br>**2024**<br>**£**<br>**21,514**<br>**282,975**<br>**98,804**<br>**79,306**|Charity<br>2023<br>£<br>17,578<br>327,482<br>-<br>93,456|
|---|---|---|---|---|
||**199,624**|128,315|**482,599**|438,516|
||**Group**<br>**2024**<br>**£**<br>**18,208**<br>**10,559**<br>**-**<br>**16,789**|Group<br>2023<br>£<br>16,031<br>9,145<br>-<br>33,566|**Charity**<br>**2024**<br>**£**<br>**18,163**<br>**10,559**<br>**-**<br>**16,789**|Charity<br>2023<br>£<br>15,990<br>9,145<br>-<br>33,566|
||**45,556**|58,742|**45,511**|58,701|
||above.<br>**Group**<br>**2024**<br>**£**<br>**1,036,424**|Group<br>2023<br>£<br>1,171,972|**Charity**<br>**2024**<br>**£**<br>**1,036,424**|Charity<br>2023<br>£<br>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<br>Current assets<br>Creditors due within one year<br>Creditors due more than one year<br>**Net assets at the end of the year**<br>Analysis of net assets between funds - prior year<br>Tangible fixed assets<br>Current assets<br>Creditors due within one year<br>Creditors due more than one year<br>Net assets at the end of the year|**General**<br>**Unrestricted**<br>**Funds**<br>**£**<br>**22,903**<br>**735,812**<br>**(45,556)**<br>**(1,036,424)**|**Designated**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**|**Restricted**<br>**Funds**<br>**£**<br>**4,568,366**<br>**1,690,079**<br>**-**<br>**-**|**Total funds**<br>**£**<br>**4,591,269**<br>**2,425,891**<br>**(45,556)**<br>**(1,036,424)**|
||**(323,265)**|**-**|**6,258,445**|**5,935,180**|
||General<br>Unrestricted<br>Funds<br>£<br>32,065<br>1,080,664<br>(58,742)<br>(1,171,972)|Designated<br>Funds<br>£<br>-<br>-<br>-<br>-|Restricted<br>Funds<br>£<br>3,625,675<br>845,526<br>-<br>-|Total funds<br>£<br>3,657,740<br>1,926,190<br>(58,742)<br>(1,171,972)|
||(117,985)|-|4,471,201|4,353,216|



|**16**<br>**Movements in funds**<br>**Restricted funds:**<br>**Education**<br>**Exhibitions and Gallery**<br>**New Building Fund**<br>**Other**<br>**Total restricted funds**<br>**Total unrestricted funds**<br>**Total funds**<br>Movements in funds - prior year<br>Restricted funds:<br>Education<br>Exhibitions and Gallery<br>New Building Fund<br>Other<br>Total restricted funds<br>Total unrestricted funds<br>Total funds|**£**<br>**-**<br>**44,264**<br>**4,416,937**<br>**10,000**<br>**At the**<br>**start of the**<br>**year**|**£**<br>**-**<br>**25,832**<br>**1,752,818**<br>**137,200**<br>**Incoming**<br>**resources &**<br>**gains**|**£**<br>**-**<br>**(13,352)**<br>**-**<br>**(115,254)**<br>**Outgoing**<br>**resources &**<br>**losses**|**Transfers**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**|**£**<br>**-**<br>**56,744**<br>**6,169,755**<br>**31,946**<br>**At the end of**<br>**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**|
||£<br>-<br>44,212<br>3,883,791<br>-<br>At the start<br>of the year|£<br>4,000<br>15,000<br>533,146<br>114,504<br>Incoming<br>resources &<br>gains|£<br>(4,000)<br>(14,948)<br>-<br>(104,504)<br>Outgoing<br>resources &<br>losses|Transfers<br>£<br>-<br>-<br>-<br>-|£<br>-<br>44,264<br>4,416,937<br>10,000<br>At the end of<br>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<br>2 - 5 years<br>After more than 5 years|**2024**<br>2023<br>**£**<br>£<br>**1**<br>1<br>**4**<br>4<br>**240**<br>241<br>**Group**<br>Property|**2024**<br>2023<br>**£**<br>£<br>**1**<br>1<br>**4**<br>4<br>**240**<br>241<br>**Group**<br>Property|**2024**<br>2023<br>**£**<br>£<br>**1**<br>1<br>**4**<br>4<br>**240**<br>241<br>**Charity**<br>Property|**2024**<br>2023<br>**£**<br>£<br>**1**<br>1<br>**4**<br>4<br>**240**<br>241<br>**Charity**<br>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