WÉSTBURY ARTS CENTR&, ..
-.la'.comÈaiiy:Ilmlted by guar*ntgè1.-
FINANCIAL sTA.TEmE￿rS
FQ:R fHE,YFAR ENbED' II"
31 DE¢EVBER'2023.

WESTBURY ARTS CENTRE
(Limited by Guarantoè)
CONTENTS
Pag9
Legal and Adminlslraliva Information
Report of the Trustees
Independent Examiners Report
Statement of Financral Activities
Balance She91
10
Notes to the Flnancial Slalements
11-16

IVESTBURY ARTS CENTRE
(Limited by Guarants81
LEGAL AND ADMINISTRATIVE INFORMATION
TRUSTEES
Ms Katherine Hilary Bull
Ms Ruth Frances Cribb lappoinled 2nd Novernbef 2023, rnslgned 1" January 2024. appoinled 3rf April 20241
Ms Hilary Ann Grayson (resigned 31. March 20241
MT David Wllllam Harbey
Ms Mallory Niria Hen50n (resigned 31, July 20231
Ms Jane Sara Herriman Iresigned 31° March 20241
Mr Joseph Little lappoinled 3 April 20241
Ms Lindsay Claia Nèale
Ms Moira North (resigned 31st March 20241
REGISTERED OFFICE
Weslbury Farm
Foxcovert Road
Shenlgy Wood
MI￿On Keynes
MK5 6AA
CHARITY NO
1151531
COMPANY NO
08328547
INDEPENDENT EXAMINERS
Tearfe & Carver Limited
Chartered Accountants
Chandos House
School Lane
Buckingham
MK18 1HD

WESTBURY ARTS CENTRE
ILlmltsd by Guarantè&)
REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 DECEMBER 2023
0￿ECTIVEs AND ACTIVITIES
Weslbury Arts Centra segks to inspSre peoplg In Milton Keynes and thg surrounding area lo Irve more
creative, happSer Bnd he8lthlèr lives through the provision of workshops, studio hire. exhibitions and events.
11 is situated neaT Shentey Wood in extensive grounds that date back lo medieval liffles. The maln buSlding
includes 1P century, Vidorian and mid 21Y century el8ments alongside a Victorian-8ra bam and part of the
or￿inal moat.
It Is the home for the Weslbury Fabric and Fibre Guild and ¥Mlhin th& groijnds, il hosts the Weslbury Bee
Group and Plandng Up Mlllon Keynes.
Westbury Arts Centre Is a hub which nurtures Crealivily, suslalnablllty and hgrllag&. playlng a key role In the
ambiuon for Mlllon K9ynes lo be 8 'Crealive and Cullurel City.,
The only arts organisalion in the western expansion area of Milton Koynes
Supports the artlslic pracllce of 19 resldenl artksls who rent studios and conlribul8 to the artSstic
fabric ol Milton Keynes
Ch8mplons artlsls Iwilhln and outside the Genlrel by supporting them In devekplng IheSr pra¢li¢e,
Ioring, and providing exhlbition opportunities al an affordable price
Piovides a place where anybody can come and explore a wide range of creative endeavours fiom
fine arts. crafts, sustainable gardèning and beekeeping
Flourishlng flnanclally In response lo demand from our ¢ommunltigs
ProJrammg of cr8allve workshops open lo all lo inspire creativlty, dev8lop skllls and support
wellbeing
Piovides volunteering opportunllles that help reduce social isolation and build ￿nfidenCe and sell-
e51eem
Works in partnership with other communily-based organisations lo exlend ils reach
ACHIEVEMENTS AND PERFORMANCE
Achievements and PerfoTrnance
2023 proved lo bo 8 pos11ive year for Weslbury as w8 surpassed pre-pandemic pgrforman¢e In 8118SP8¢ts.
Sludlo occupancy remained al a high level with demand seen as and when sludlos bec0rn8 available. We
have been able lo continue our process ol upgrading studios as they become vacant. We have improved the
energy efficiency of the propety by Installlng Insulation In some ol th6 roof space and starting to roll out
radiant hoaters in some rooms.
Attendance 81 Weslbury art Workshops was strong,. we have supplemented our historical range ofworkshops
with new artlslic disciplin9s including sculpting, calligraphy and other craft activities. During 2023, 382
attendees attended 47 Weslbury workshops a¢ross 255 sgsstons.
R￿M hlfe by bolh slvditrhold8rs and external parties, the malority offering arts aclivilies. grewwith a number
of looal artists also offering a variety ol workshops. Local bands book our rooms lor evening rehearsals on a
regular b8sis.
We were pleased lo be able to present four maltsr events during the year. This included the Weslbury Story
wrtling Competition. Mlllon Keynes Opon foryoung Artists, Heritagtr Open Day5 and ourwilller Art and Craft
Mark81. We were also pleased that many ol our sludio holders participated in Bucks Art Week alongside
external arb'sts.
Wgstbury successfully applled for 8 s.106 Public Art Grant lo lund an artist in residence. Tendayi Vine. the
successful artist. prodLI￿d a new digital artwork titled Mud Keeps

FINANCIAL REVIEW
Flnanclal Revlew
In the period to 31 DeTrmber 2023, following dlsbursemenl of the Public Art Grant. the Corrp8ny incurred a
deficll of £7.926 whld) was deducted from Tolal Funds. The lotal amount ol funds carried forward amounts
10 £33,284. Of Ih85e funds, £169 is r8slii¢led lo Spedfic purposes.
Whilst Income from stud50 hSr6 remalned slfong with 98% ocwpancy, we also saw a slgnlficant and
gncouraging increase In both workshop income and room hire.
The costs of running Weslbury as a property a￿ largely flxed and were broadly flat with thg exception ol
ropairs and mainlgnance. Aside from day-lo-day repairs and renewals, further studios were refurb15hed
during the year.
The company's reserve5 policy is lo relain a minimurn of Ihr8e mDnlhs expenditure.
STRUCTURE GOVERNANCE ANO MANAGEMENT
structure, Governance and Management
The organisatson is a charitable company limited by guar8ritee, In¢orpr>raled on and registered as a chartly
on 12 December 2012. The company began Its charitable activities on 1 Aprll 2013.
The charlty was ¢reated by its Memorandum of Associallon which eslabllshed th8 objects and powers of the
charllable company and is governed under Its Arll¢lgs ol AssociaUon. The full list ol Trusloes who served
during the period is sho¥*n on page 3 together wlh Trustees appolnled up lo the dale of preparation of Ihls
Report.
Thg Trusle&s meet regularly as an Bxeculive board and are advised on all mal8rial matters as they a￿Ur.
They lake deoisions on Ihe varlous prolects the tharity undertakes.
Govèrnlng (locument
The organisalion is a charitable company limited by guarantee, Sncorporaled on 12 De￿rnber 2012 and
re9lStered as a charty on 6 April 2013. The company was established under a Memor8ndum of Association
whlch established the objects and tKJwers ol the charitable company and is governed under its Articles of
Asso¢iation. In the evenl ol the company being wound up members are rgquire(J to contribule an amount not
exceeding £15.
Membershlp ol the company Is open lo any Individual ovgr the age of 18 inlere51ed promotlng ils objectives
and 88ch of whom will have..
applied lo the Company In the form r8qulrèd by the Trusle
been approved by the Trustees. whose decision shall be final
Organlsallonal structure
The Board of Trvstegs kg resrKJnsible for overall control and responsibility for kY>ll¢y and major decisSon
making.
Trustees have specific areas of responsibility In¢luding Prtspety and Grounds, Finance. Marfoeting and
Communications. Creative Engagement and report lo the Board on a Tegular basis.
One part Ilme employeg provkles markotlng and administrative support lor We51bury. A second part Ilme
employee undertakes the role of housekeeper. Major event organlsalion has been supported by a freelance
resource and volunleers.
In January 2024, 8 number of Irusl8es advlsed ol thelr Sntentlon to resign from the company. We are grateful
lo them for Ihelr contribution lo the life ol Weslbury. New Iruslees have b6en appointed as noted on page 3.
Major rlsks, rèvl&ws and systems to mltlgate rlsks
Pollcies and procedures are reviewed annually and new p￿l￿e5 and prcttdur8s are reviewed and

approved as required. covèring.
Poli¢lt$:
Complaints
Dlversity. Eqtjallty and Indu8ion IDEI)
Environtnenl
Finance- Payments and Procurement
Health and Safely
Privacy
Rent Arrears
Reserves
Safeguarding
Sludlo Letting
VdunleeT
Procedures:
Evacuation Plan
Lone Working Risk Assossmtrnl

Tnsste8s' Rasponslbllltlgs In relatlon to th& Financial Slatemenl$
Company law requires the Trustees lo prepare financlal slalernanls for e8ch financial year which giv8 a true
and falr vlew of the slate of affaSrs ol the charitable cornpany and ol the profil or loss of th8 company for that
year. In preparing these financial statements the Twstees are required lo..
select suitable accounllng policles 8nd then apply thèm consistently..
make ludgement5 and eslirnales Ihat are reasonable and piudent-
preparè the financial slalemenls on the golng concein basis unlgss Il is iriappropriale lo presume
that Ihfr chariiable company will continuè In business.
The Tru51ees are responslble forkeeping proper accounting recordswhich disdose wSth reasonable accuracy
al any time the fln8nclal p0511ion ol the company 8nd enable them lo ensure Ihat the F5nanclal Slalemenls
¢omply with th9 Companie5 Act 2(M)6. They have 98ner81 responslbillly for taking such steps as are
reasonably open to them lo safeguard the assets ol the charitable company and ID prevent and del8cI froud
and other Iriegulariues.
This report has been prepared In a¢cordance with the small c£Jmp8nies' regirne under the Companies Act
2006.
Approv
ands
eBoaTdon...
its behalf by
ned on
Davld
air of th
oard ofTwslees

WESIBURY ARTS CENTRE
ILimit•d by Guarantee)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WESTBURY ARTS CENTRE {LIMITED
BY GUARANTEEI
I report on the accounts ol the company for ihe yoar gnded 31 December 2023 which are set out on page$ 9
10 16.
Resp&etlve responslbllltles of trLSStaes and examlner
The charity's tiustees arts Tesponsible for thè preparation ol the accounts. The charills truslees consldor (hal
an audll is nol required for Ihls year unde¥ section 144 01 the Charities Act 2011 (the Charities Acll and Ihal
an independgnl examination Is needed.
11 is my responsibility to..
gxamine the a￿unts under section 145 of the Charitles Act,
to follow the procedures lald down in th& geneTal Directions given by the ChBrlty Commlssion lundgr
secllon 14515llb} ol the Charitie5 Act, and
lo slalg whelh8r particular rnattérs have come to my attention.
Basls of Independènt examlner's report
My examinallon was ca￿led ovl in accoTdanc& wlh general Directsons given by the ChaTIty Comrnlsslon. An
examina￿On Includes a revlew of the accounting records kgpl bylhe charity and a comparison of the accounts
presenled with those record5. 11 also includes consider811on of any unusual items or disclosures in thè
accounts, and seeking explanations from the Iruslees Con￿rning any such matters. The procedures
undertaken do not provide all the evidenco Ihat would be required in an audit. and CDnsequgnlly no opinion
Is given as lo whether Iha accounts prasenl a'lru8 and fair. vlew and the report Is Ilmiled to those matters sel
out In the slat8m&nt below.
Indepèndgnt exarnlngr's statement
In connecllon with my examlnalion. no matter has coma to my attèntion
l. whith gives me reasonable cause tr) believe IhJl In. any malortal respect, tho requirements..
to keep accounting records In ac¢ordance with section 130 of the Charities Act,. and
to prepare a¢¢ounts which accord wllh the accounting records and comply with the ac¢ounilng
rfjquiremenls of Ihe Charities Act have not been mel. or
2. to whlch, in rny oplnion. attention should bts drawn in ord8r lo enable a proper understandlng of the
Bccounls lo be reached.
Tearie & CaNer Limitad
Chartered Accountants
Ghandos House
School Lana
BUCKINGHAM
MK18 1HD

WESTBURY ARTS CENTRE
{Llmlted by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING SUMMARY INCOME AND EXPENDITURE ACCOUNTI
FOR THE PERIOD ENDED 31 DECEMBER 2023
Note
Unrestricted Restrlctod Total Funds Total Funds
Funds
Funds
2023
2022
INCOMING RESOURCES
Incoming Resources from Generated Funds
Investment Income
381
381
86
Iricoming Resources
from Charitable Activities
93,958
2.495
96,453
94,330
TOTAL INCOMING RESOURCES
94,339
2,495
96,834
94.416
RESOURCES EXPENDED
Costs of Generating Funds
Charitable Activities
Governance Costs
50.686
30.696
22,745
833
73.430
31.329
49.450
38.463
TOTAL RESOURCES EXPENDED
81,382
23,378
104.760
87.913
NET MOVEMENT IN FUNDS
12,957
120,8831
17,9261
8,508
RECONCILIATION OF FUNDS
Brought forward
SurplusllDeficill for the Year
20,158
12,957
21,052
{20,883}
41,210
[7,9261
34.705
6,508
33,115
169
33,284
41,210
Total Reco
nised Galns and Losses
The Company has no recognised gains or loss&s other than the surplus for the periods above.

WESTBURY ARTS CENTRE
ILlmStèd by Guarantee)
Company No. 8328547
BALANCE SHEET- 31 DECEMBER 2023
Nota
2023
2022
NON-CURRENT ASSETS
Fixed Assets
739
1,020
CURRENT ASSETS
Debtors
Cash and Bank
43,541
52,12d
43.541
52.124
CURRENT LIABILITIES
Credltors.. amounts falling due
wthin onè year
10,996
11,934
NEf CURRENT ASSETS
32.545
40.190
TOTAL ASSETS
33.284
41,210
REPRESENTED BY..
FUNDS
Unrestrlcted Reserves
Restricted Resèrves
33,115
169
20,158
21,052
32,284
41,210
For the financial perlod gnded 31 DecembeT 2022, the company was enlilled lo ex&mpfjon from audit undsr
section 477111 of the Companies Act 2006., and no noli¢e has been deposited under seGlion 476111 requesting
an audit. The director a¢knowled9as his responsibilities for ensurlng that the company keeps accounting
rècords which comply with secllon 386 of the Aet and preparing accounts whl¢h gSve a true and falr VI￿ of
the sla16 of affaiTs ol the ¢ompany as al the end of the year and of ils profil or loss for the linancSal year in
accordance wlh the TequSrements ol se¢tion 394 and which otherwise comply with the Cornpanies Act 2(M)6',
so far as applleable to the company.
The financi81 statements have been wepared in accordance with th8 provisions applicable lo corllpaniès
subj
lo the small companies, regSme under the Companies Act 2006 and wilh the Financial Rewrting
St
d lor Smaller Enli1Ses leffeclive April 20081.
da
prov
Truste
The
D Harbey
tes on pages 1110 16 form an integral part of Ih&s& finandaS stslemenls.
io

WESTBURY ARTS CENTRE
ILlmltad by Guaranleel
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023
11 Prinelpal Accounting Pollel•s
a} A¢¢ounting Convontlon
The financSal statements of the charStable company, vthlch is a public benefit under FRS 102. hav8
been prepared in a¢¢ordance wlh the Charlties SORP IFRS 1021 'AccountSng and Rèpotling by
Charities.. Slalemenl of ReciKnmended Practice applicable lo charities preparing their acGounls in
accordance wlth the Finan¢lal Reporting Standard applicable in the UK and Republic ol Ireland IFRS
1021 leffgcllve 1 January 20151,, Flnancial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Repub11c of Ireland, and the Compan185 Act 2W6. The finan¢lal
slalern8nls have been prepared under the hlstorfcal cost convention.
b} Cashflows
The financial ststemenls do not includè a cash flow $18lemenl becaus& the charity, as 8 srnall
reporting enllty. is exempl from the requSremenl lo prepare such a statement under the Financial
Reportlng Standard lor Smaller Entities leffectivè April 20081.
e} Fund Accountlng
Funds hèld by the Charity arg 8lther=
Unreslricled funds are available for use al the discretion of the Truyle8s in furtheranc& of the
gengrèl obleclives of the Charity.
Restricted funds ar8 subjected lo restrictions on thelr expenditur8 Imposed by the donor or
through Ihe terrns of an appeal.
d) Incoming Rèsources
AJI Incomlng resource5 are Included in the 5ts1em8nl of financial 8ctivilies when th& charity Is enlilled
lo the Income and the amount can be ouanlified wSlh reasonable accuracy. The follow4ng specific
polloles are applitsd to partlcular categories of Incoma..
Voluntary incomts Is rece￿ed by way of grants, donations and glfts and is indudad in full in Ihe
statement ol Financial Activities when receivable. Grants, where entitlement is ntst condllional
on the delivery of a specific performance by thts charity. are recognlsed when the charity
becomes unconditlon8lly entitled lo the grant.
Investment incomè Is Included when recelvable.
In¢omSng reSoUT￿8 from grants, wh8rg related to perforrnancè ancs specific deliverables,
are a¢counted for as the charity èams the right to consideration by Ils performance.

WESTBURY ARTS CENTRE
(Llmlted by Guarantael
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Icontlnued)
el Resources Expendèd
Expendilure is re¢ognised on an accruals basis as a liablllly Is Incurred. Expendiluro Ss indu5ivè of
VAT which cannot be recovered, and is reported as part ol the expendilure to which il rel8les.'
Costs ol generating funds comprise the costs associated wih attracting voluntary income.
Charltsblg expendSlure comprlsgs those costs incurred by the charlty in thè delivery of Its
activities and seNi￿S ft>r its beneficiaries. It Includes bolh costs that can be 811ocaled diT8cUy lo
such adivilies and those cosis ol an Indirect nature necessary lo support them.
Govtsrnance costs include those costs associated with meeting the conslilullonal and slalutory
r8quirements of the charity and costs linked to the slrat6gl¢ management of the ¢harity.
Al costs are allocated between the expendilurg calegoTles ol the SOFA on a basis deslgned lo
reflect the usa of the re50uree. Costs relating lo a partl¢ular actwity are allocated directly., others
are apportioned on an appropriate basis.
Depreci#tlon
Depreciation is provided on tsngSble fixed assets so as to wrtle off Ihg Cost or valuation. less any
eslimated residual value, over Ihelr expecled useful èconomic lila as follows..
20% reducing balance basis
Plant and Machinery
21 Legal Statu$ of the Charity
The Charlty Is a o)mpany Ilmiled by a guarantee and has no share Gapilal. The liabilty ol each
mgmber in the event ol winding-up is limited lo £1.
31 Trustees Rèmunèrallon
Members of the Board of Trustees receive no remuneration for their servl¢es. Travel and meeting
expenses werg rglmbuTsed durlng Ihe year.
41 Inv¢stment Incom8
Unrestrlctsd Rpslrlctad
2023
Total
2022
Total
Bank Interest
381
381
86
381
3B1
86
12

WESTBURY ARTS CENTRE
(Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
{Contlnuedl
51 Incomlng Rg$ourcos from Charltabl8 Actlvltles
Unreslrlcted Re$trlcted
2023
Total
2022
Total
Workshops & Events
Studio Hire.. Studio & Room
Workshops & Events.. Sales of Product
Sundry Income
CommissSon on sale
Design81ed funds.. Shop sales
Restricted incorn8
Olher (Specified)
Voluntary IncLNno
33.119
54,452
2,745
1,819
1,222
33.119
54.452
2,745
3.819
1,222
23.537
42,070
1.342
1.321
491
2,000
495
495
24,0(J)
400
1,169
601
93,957
2,495
96.834
94,330
13

WESTBURY ARTS CENTRE
(Llmlted by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
Icontlnuedl
6} Charitable Activities
Unrestrlcted R8strl¢ted
2023
Total
2022
Total
Event expenses
Event Expenditure.. PersonnellFreelance
Event Expenditure.. Publicilylmarketing
Event Expendilure." Workshops
Fire & Security
Heal & Light
Domestic raleslwaler
Repairs & Renewals
Artist
Project Fees
519
315
80
15.754
2.923
13.339
3.540
14,215
1,495
2,014
315
80
15,754
2,923
13.339
3,540
14,215
10.000
11.250
2.634
10.232
9,548
4,282
5,769
1,599
15,386
10,000
11,250
50,686
22,745
73.430
49,450
71 Governance Costs
Unrestrl¢t&d Restricted
2023
Total
2022
Totsl
Admlnlslratlon staff
Office costs
Office consumables
Telephonellnlernet
Insurance
Licences & Subscriptions
Website Costs
Legal & Professional
Bank charges
Depreciation Charge
Volunteers
Sundry
24,452
113
61
1,410
862
615
355
481
726
224
24,452
113
61
1,410
28,327
298
1,208
1,260
668
451
221
659
351
31
4.990
615
355
1,114
726
224
633
1.622
1,622
30,696
633
31,329
38,463
14

WESTBURY ARTS CENTRE
(Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
(Contlnued)
81 Flxed Assets
Plant &
Maehlnery
2023
2022
Total
Total
COST
Al 1 January 2023
Additions
Disposal
3,993
3,993
Al 31 December 2023
3.993
3,993
3,993
DEPRECIATION
At 1 January 2023
Charge lor the PericKI
Eliminated ¢Jn dlsptssal
2,974
224
2,974
224
2.623
351
Al 31 December 2023
3.254
3.254
2.974
NET BOOK VALUE
Al 31 December 2023
739
739
1,020
Al 31 De￿mb￿r 2022
1,020
1.020
1,371
91 Taxatlon
As a Charfly, Weslbury Arts Centre Is &x6mpl from lax on Income and galns falling wlthSn Section 505
of the Tax&s A¢1 1986 or S256 of the Taxatlon of Chargeable Gains Acl 1992 to the extent that these
are applied lo its charil8ble objects.
No tax charg8s have arisen In the Charity.
15

WESTBURY ARTS CENTRE
ILlmlted by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
101 Credilor5
Amounts falling due wlhln one year..
2023
2022
Payroll
Restricted income
Accrvals
7,165
3,831
5,807
6,127
10.996
11,934
111 Govemm&nt Assistsn¢e
MK Developrnent Partnership allow the Company free use of the wemise8 as part of the MK Art5 &
Heritagg Project. No value has been ailribulecl lo thls in the aG¢ounts.
121 Ultimate controlling party
The ultimate control over the ¢harily 15 in th6 hands of ts Trustees, as of 31° De¢ember 2023, thls
was Ms K Bull, Ms R Cribb, Ms H Grayson. Mf D Harbey. Ms J Herriman, Ms L Neale, Ms M North
131 Staff ¢o$ts
The average monthly number of full-lime equNalenl employees during the year was as follows..
2023
2022
No employe6s received emoluments in èxcess of £60,000.
16