WESTBURY ARTS CENTRE
(a company limited by guarantee),:: . ,:,., ..
FINANCIAL STATEMENTS .
FOR THE YEAR ENDED
, 31 DECEMBER 2024

WESTBURY ARTS CENTRE
ILlmited by Guarantee)
CONTENTS
Page
Legal and Administrative Information
Report of the Trustees
Independent Examiners Report
statement of Financial A¢livities
Balance She8t
10
Notes lo the Financial Stalements
11-16

WESTBURY ARTS CENTRE
(Limited by Guarantee)
LEGAL AND ADMINISTRATIVE INFORMATION
TRUSTEES
Ms Katherine Hilary Bull
Ms Ruth Frances Cribb (appointed 3 April 2024)
Mr David William Harbey
Mr Joseph Little {appointed 3 April 2024)
Ms Lindsay Clare Neale
Mr William Ralph Wheeler (appointed 11 November 2024)
Ms Hilary Ann Grayson (resigned 31 March 2024)
Ms Jane Sara Herriman (resigned 31 March 2024)
Ms Moira North (resigned 31 March 2024)
REGISTERED OFFICE
Weslbury Farm
Foxcovert Road
Shenley Wood
Milton Keynes
MK5 6AA
CHARITY NO
1151531
COMPANY NO
08328547
INDEPENDENT EXAMINERS
Tearle & Carver Limited
Chartered AcGounlants
Chandos House
School Lane
Buckingham
MK18 1HD

WESTBURY ARTS CENTRE
(Limited by Guarantee)
REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 DECEMBER 2024
OBJECTIVES AND ACTIVITIES
Weslbury Arts Centre seeks to inspire people in Milton Keynes and the surrounding area lo live more
creative, happier and healthier lives through Ihe provision of workshops, studio hire, exhibitions and events.
It is situated near Shenley Wood in extensive grounds that date back to medieval times. The main building
includes 17th century, Victorian and mid 20 century elements alongside a Victorian-era barn and part of the
original moat.
It is the horne for the Westbury Fabric and Fibre Guild and within the grounds, it hosts the Weslbury Bee
Group and Planting Up Milton Keynes.
Westbury Arts Centre is a hub which nurtures creativity. sustainability and heritage, playing a key role in Ihe
ambition for Milton Keynes to be a 'Crealive and Cultural City.,
The only arts organisation in the western expansion area of Milton Keynes
Supports Ihe artistic practice of 19 resident artists who renl studios and Contribute to the artistic
fabric of Milton Keynes
Champions artists (within and outside the Centre) by supporting them in developing their practice.
tutoring, and providing exhibition opportunities at an affordable pri
Provides a place where anybody can come and explore a wide range of creative endeavours from
fine arts, crafts, suslainable gardening and beekeeping
Flourishing financially in response to demand from our communities
Prograrnme of creative workshops open to all to inspire CTeativily, develop skills and support
wellbeing
Provides volunteering opportunities that help reduce social isolation and build confidence and self-
esteem
Works in partnership with other community-based organisations to extend its r8a¢h
Achlevements and Performance
Three trustees gave notice of their resignalion al the end of March 2024 and were replaced by three new
truslees lo continue the work of Westbury Arts Centre.
2024 was a very successfvl year through the hard work and Commilmenl of staff. artists, volunteers and
trustees. The Arts Centre thrived with high levels of studio OCCLtpancy, an expanded and well attended
workshop programme and a consistently high level of room bookings.
Our events were highly SUC￿$sful including a competition for young people at school, The Milton Keynes
Open, and events that supported local makers and craftspeople sell their products through our participation
in Heritage Open Days and Winter Market weekends. Weslbury resident artists showcased their work during
Bucks Art Weeks alongside other local artists.
Special thanks is extended to our volunteer gardens team who have maintained the grounds in excellent
condition supporting wildlife and conservalion.
We were pleased lo be able to support the Milton Keynes City Council delivery of fee-free well-being
workshops to local residents by way of free and reduced-rate room rental. We were also pleased offer our
exhibilion areas on a fee-free basis lo Milton Keynes College for their annual exhibition of sludenls work.
A building of the age of Weslbury demands regular maintenance and during the year the healing has been
improved in the public areas and in some sludios. The WiFi has been upgraded in the public areas, including
our barn gallery. We were grateful for the contribution of our landlords, Millon Keynes Development
Partnership to the costs of fepair and maintenance of our buildings and driveway.

We are delighted by Ihe positive support of our landlords lo our future plans.
FINANCIAL REVIEW
Financial Review
In the period to 31 December 2024, the Company made a surplus of £18,274 which was added to Total
Funds. The total amount offunds carried forward amounts to £51,389.
Whilst income from studio hire remained strong wilh 97 % occupancy, we also saw conlinued strong demand
for meeting rooms
typically for local artists lo deliver arts and crafts activities. Weslbury managed
workshops showed a significant increase in numbers attending.
The costs of running Westbury as a property are largely fixed and were broadly flat except for repairs and
maintenance. Aside from day-lo-day repairs and renewals, further studios were refurbished during the year.
The company's reserves policy is lo retain a minimum of three to six months expenditure in line wilh Charity
Commission guidelines.
STRUCTURE GOVERNANCE AND MANAGEMENT
Structure, Governance and Management
The organisation is a charitable company limited by guarantee, incorporated on and registered as a charity
on 12 December 2012. The company began its ¢haritable activities on 1 April 2013.
The chariiy was created by its Memorandum of Associalion which established the objects and powers of the
charitable company and is governed under its Articles of Association. The full list of Trustees who served
during the period is shown on page 3 together with Trustees appointed up to the date of preparation of this
Report.
The Trustees meet regularly as an executive board and are advised on all material matters as they occur.
They take decisions on the various projects the chariiy undertakes.
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 12 December 2012 and
registered as a ¢harity on 6th April 2013. The company was established undera Memorandum of Association
which established the objects and powers of the charitable company and is governed under its Articles of
Associalion. In the event of the company being wound up members are required to contribute an amount not
exceeding £15.
Membership of the company is open to any individual over the age of 18 interested in promoling its objectives
and each of whom will have..
applied to the Company in the form required by the Trustees
been approved by the Trustees, whose decision shall be final
Organisational structure
The Board of Trustees is responsible for overall control and responsibilily for policy and major decision
making.
Trustees have specific areas of responsibility including Properly and Grounds, Finance, Marketing and
Communications, Creative Engagement and report to the Board on a regular basis.
One part time employee provides marketing and administrative support for Westbury. A second parl lime
employee undertakes the role of housekeeper. Major event organisation has been supported by a freelance
resource and volunteers. The Iruslees are seeking lo recruit a further part time employee to provide
administrative support.
Major risks, revlews and $ystems to mitigate risks
Policies and procedures are reviewed annually and new policies and prO￿dUreS are reviewed and
approved as required, covering.

Policies:
Finance including -
reserves policy
internal charity financial controls
trustees expenses policy
Trustee conflicts of interest
Risk Management
Bullying and Harassment
Volunteer Management
Safeguarding
Health and Safety

Trustees, Responsibilities in relatlon to the Flnanclal Slatements
Company law requires the Trustees lo prepare financial statements for each financial year which give a true
and fair view of the stale of affairs of the charitable company and of the profit or loss of the company for that
year. In preparing these financial statements the Truslees are required lo..
select suitable accounting policies and then apply them consistently.,
make judgements and estimates that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume
thal the charitable company will conlinue in business.
The Truslees are responsible for keeping proper accounting records which disdose with reasonable accuracy
at any time the financial position of the company and enable them lo ensure that Ihe Financial SlatementS
comply with Ihe Companies Act 2006. They have general responsibility for taking such steps as are
reasonably open to them to safeguard the assels of Ihe charitable company and to prevent and detect fraud
and other irregularities.
This report has been preparéd in accordance with the small companies, regime under Ihe Companies Act
2006.
Approv
and sig
the Board on
n its behalf by
David Ha
hair
f the Board of Trustees

WESTBURY ARTS CENTRE
{Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WESTBURY ARTS CENTRE (LIMITED
BY GUARANTEE
I report on the accounts of the company for the year ended 31 December 2024 which are set out on pages 9
to 16.
Respectlve responsibilitles of trustees and examlner
The ¢harity's trustees are responsible for the preparation of the accounts. The charity's trustees consider thal
an audit is not required for this year under section 144 of the Charilies Act 2011 (the Charities Act) and that
an independent examinalion is needed.
It is my responsibility to..
examine the a¢counls under section 145 ofthe Charities Act.
to follow the procedures laid down in the general Directions given by the Charity Commission (under
se¢lion 145(5)(b) of Ihe Charities Act, and
to state whether particular matters have come to my attention.
Basis of Independent examlner's report
My examination was carried out in accordance with general Directions given by the Charity Commission. An
examinalion includes a review of the accounting records kept by the charity and a comparison ofthe accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the
accounls, and seeking explanations from the trustees con¢erning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit, and consequenlly no opinion
is given as to whether the accoLtnts present a 'true and fair, view and the report is limited to those matters set
out in Ihe statement below.
Independent examiner's statement
In connection with my examination, no maller has como to my attention
1. which gives me reasonable cause lo believe that in. any material respect, the requirements:
to keep a¢counting records in accordance with section 130 of the Charities Act,. and
to prepare accounts which accord with the accounling records and comply with the accounting
requirements of the Charities Act have not been met- or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
6fD.
Tearle & Carver Limited
Chartefed Accounlants
Chandos House
School Lane
BUCKINGHAM
MK18 1HD

WESTBURY ARTS CENTRE
(Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 DECEMBER 2024
Note
Unrestrlcted Restricted Total Funds Total Funds
Funds
Funds
2024
2023
INCOMING RESOURCES
Incoming Resources from Generated Funds
Investment Income
657
657
381
Incoming Resources
from Charitable Activities
118,598
118,598
96,453
TOTAL INCOMING RESOURCES
119,255
119,255
96.834
RESOURCES EXPENDED
Costs of Generating Funds
Charitable Activities
Governance Costs
66,248
34,509
66.248
34,678
73,430
31,329
169
TOTAL RESOURCES EXPENDED
100,757
169
100,926
104,760
NET MOVEMENT IN FUNDS
18,498
(169)
18,329
(7,926)
RECONCILIATION OF FUNDS
Brought forward
Surplusl(Defi¢it) for the Year
33,115
18,498
169
(169)
33,284
18,329
41,210
(7,926)
51,613
51,613
33,284
Total Reco
nlsed Gain
nd Losses
The Company has no recognised gains or losses other Ihan the surplus for the periods above.

WESTBURY ARTS CENTRE
(Limlted by Guarantee)
Company No. 8328547
BALANCE SHEET - 31 DECEMBER 2024
Note
2024
2023
NON-CURRENT ASSETS
Fixed Assets
636
739
CURRENT ASSETS
Debtors
2.783
Cash and Bank
54,800
43,541
57,583
43,541
CURRENT LIABILITIES
Creditors.. amounts falling due
withln one year
10
6,606
10,996
NET CURRENT ASSETS
50,977
32,545
TOTAL ASSETS
51,613
33,284
REPRESENTED BY..
FUNDS
Unrestricted Reserves
Restricted Reserves
51,613
33,115
169
51.613
33,284
For Ihe financial period ended 31 December 2022, the company was entitled to exemption from audit under
se¢tion 477(1) ofthe Companies Act 2006,. and no notice has been deposited under section 476{1) requesting
an audit. The director acknowledges his responsibilities for ensuring that the company keeps accounling
records which comply with se¢lion 386 of the Act and preparing accounts which give a true and fair view of
the stale of affairs of the company as at the end of the year and of its profit or loss for the financial year in
accordance with the requirements of section 394 and which otherwise comply with the Companies Act 2006.
so far as applicable lo the company.
The financial statements have bèen prepared in accordance with the provisions applicable to companies
subject lo the small companies, regime under the Companies Act 2006 and with Ihe Financial Reporting
Slandard for Smaller Entities (effective April 2008
App
d by the Board of Trustees on
and signed on ils behalf by-
Trustee - D Haibe
The noles on pa
s 11 to 16 form an integral part of these financial slalements.
10

WESTBURY ARTS CENTRE
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024
1) Principal Accountlng Policies
al Accounting Convention
The financial statements of the charitable company, which is a public benefit under FRS 102, have
been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by
Charities- Slalement of Recommended Practice applicable lo charities preparing iheir accounts in
accordancewith the Financial Reporting Slandard applicable in Ihe UK and Republic oflreland (FRS
102) (effective 1 January 2015),. Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial
stalements have been prepared under the historical cost convention.
bl Cashflows
The financial statements do nol include a cash flow statement because the charity, as a small
reporting enlily, is exempt from the requirement lo prepare such a statement under the Financial
Reporting Standard for Smaller Entities (effective April 2008).
c) Fund Accounting
Funds held by the Charity are either:
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the
general objectives of the Charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or
through the terms of an appeal.
d) Incoming Resources
All incoming resources are included in Ihe statement of financial activities when the charity is entitled
to the income and the amount can be quantified with reasonable awuracy. The following specific
policies are applied to particular categories of income..
Voluntary income is received by way of grants. donations and gifts and is included in full in the
Slalement of Financial Activities when receivable. Grants, where enlillement is not conditional
on the delivery of a specific performance by Ihe Charity, are recognised when the charity
becomes unconditionally enlitled to the grant.
Inveslment income is included when receivable.
Incoming resources from grants, where related lo performance and specific deliverables,
are accounted for as the charity earns the right to consideration by ils performance.

WESTBURY ARTS CENTRE
(Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(Continued)
e) Resources Expended
Expenditure is recognised on an accruals basis as a liability is incLtrred. Expenditure is inclusive of
VAT which cannot be recovered, and is reported as part of the expendilure to which it relates..
Costs of generating funds comprise the costs associated with attracting voluntary income.
Charitable expenditure comprises those costs incurred by the charity in the delivery of ils
activities and services for its beneficiaries. It includes both costs that can be allocated directly to
such activities and those costs of an indirect nature necessary lo support thém.
Governance costs include those costs associated with meeting the constilulional and statutory
requirements of the charity and costs linked to the stralegic management of the charity.
All Costs are allocated between the expenditure categories of the SOFA on a basis designed to
reflect Ihe use of the resource. Costs relating to a particular activity are allocated directly., others
are apportioned on an appropriate basis.
fj Depreciation
Deprecialion is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful e¢onomic life as follows..
Plant and Machinery
209/0 reducing balance basis
2) Legal Status of the Charity
The Charity is a company limited by a guarantee and has no share capital. The liability of each
member in the event of winding-up is limited lo £1.
3) Trustees Remuneratlon
Members of the Board of Trustees receive no remuneration for their se￿ice$. Travel and meeting
expenses were reimbursed during the year.
41 Investment Income
Unrestricted Restrlcted
2024
Total
2023
Total
Bank Interest
657
657
381
657
657
381
12

WESTBURY ARTS CENTRE
{Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(Continued)
5) Incoming Resources from Charitable A¢tlvlties
Unrestrlcted Restricted
2024
Total
2023
Total
Workshops & Events
Studio Hire.. Studio
Studio Hire.. Room
Workshops & Events.. Sales of Product
Sundry Income
Commission on sale
Designated funds: Shop sales
Reslricled income
Other (Specified)
Voluntary Income
59,391
29,025
25,828
1,657
1,827
533
59,391
29,025
25,828
1,657
1,827
533
33,119
27,173
27,279
2,745
3,819
1,222
495
336
336
601
118,597
118,597 96,453
13

WESTBURY ARTS CENTRE
(Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(Contlnuedl
61 Charltable Activities
Unrestricted Restrl¢ted
2024
Totsl
2023
Total
Event expenses
Event Expenditure.. Workshops
Fire & Security
Heat & Light
Domestic rateslwaler
Repairs & Renewals
Artist
Project Fees
1,412
24,462
3,498
17,611
870
18.394
1,412
24,462
3,498
17,611
870
18.394
2,409
15,754
2,923
13,339
3,540
14,215
10,000
11.250
66.247
66.247
73,430
71 Governance Costs
Unrestricted Restrlcted
2024
Totsl
2023
Total
Administration staff
Office costs
Office consumables
Telephonellnternet
Insuran
Licences & Subscriptions
Website costs
Legal & Professional
Bank charges
Depreciation Charge
Volunteers
Sundry
27,939
54
27,939
54
24,452
113
61
1,410
862
615
355
1,114
726
224
1,765
925
603
480
956
1,098
103
1,765
925
603
480
1,125
1,098
103
169
586
586
1,622
34,509
169
34,678
31,329
14

WESTBURY ARTS CENTRE
(Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
(Continued)
8) Fixed Assets
Plant &
Machinery
2024
2023
Total
Total
COST
At 1 January 2024
Additions
Disposal
3,993
3,993
3,993
At 31 De¢embeT 2024
3,993
3,993
3,993
DEPRECIATION
Al 1 January 2024
Charge for the Period
Eliminated on disposal
3,254
103
3,254
103
2.974
224
At 310ecember 2024
3,357
3,357
3,254
NET BOOK VALUE
At 31 December 2024
636
636
739
At 31 December 2023
515
515
1.020
9) Taxation
As a Charity, Weslbury Arts Centre is exemptfrom lax on income and gains falling within Section 505
of the Taxes Act 1988 or S256 of the Taxation of Chargeable Gains Act 199210 the extent that these
are applied lo ils charitable objects.
No tax charges have arisen in the Charily.
15

WESTBURY ARTS CENTRE
(Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10) Credltors
Amounts falling due within one year..
2024
2023
Creditors
Payment in Advan￿ (2025 workshops)
Accruals
554
7,165
3,831
6,052
6,606
10,996
11 > Government Asslstance
MK Development Partnership allow the Company free use of the premises as part of the MK Arts &
Heritage Project. No value has been attributed lo Ihis in the accounts.
121 Ultlmate ¢ontrolllng party
The ultimate control over the charily is in the hands of its Trustees. as of 31st December 2024, this
was Ms K Bull, Ms R Cribb, Mr J Little, Mr D Harbey, Ms L Neale. Mr W R Wheeler
131 Staff costs
The average monthly number of full-time equivalent employees during Ihe year was as follows..
2024
2023
No employees received emoluments more than £60,000.
16