WESTBURY ARTS CENTRE la company Ilmlted by guarant•el FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
WESTBURY ARTS CENTRE {Llmlted by Guaranteel ONTENTS Page Legal and Administralive Inlomalk)n Rgport of the Trust888 Independent Examiners Report Slalèmenl of Financial Activities Balance Sheel 10 Notes lo the Financ1 Slalemenls 11-18
WESTBURY ARTS CENTRE {Llmited by GyAr8nt&g1 LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES M8 K81herine Hllary 8ull Ms Ruth Frances Cribb Mr Davi*J Wllliam Harboy Mr J058ph Liltle Ms Lindsay Clare Neal8 Mr Williarn Ralph Vvheeler Mr Jonathan Spencor thittla lappoinled 1 July 20251 Ms Toni Mari• Holland (appo1nt 10 October 2025) Mr David H8rbey (Resigned 31 M8y 20261 REGISTERED OFFICE Vveslbury Farm Foxcoverl Road ShenY Wood Millgn Keynes MK5 6AA CHARITY NO 1151531 COMPANY NO 08328547 INDEPENDENT EXAMINERS Tearte & Carver LSmlled Ch8rler&d Accounlanls Chandos Hous• School Lane Bu¢kingham MK18 IHD
WEST8URY ARTS CENTRE (Llmited by Guarantso) REPORT OF THE fRUSTeES FOR THE PERIOD ENDED 310ECEMBER 2026 OBJECTIVES ANO ACTIVITIES Westbury Arts CenlTe saeks lo inspire peoplè in Milton Keynes and the surrounding area lo live more creative, happier and healthier lives through the provisbn ol workshops. studio hire, axhibillons and events. 1116 slluatgd near ShenY WoDd In extengive gr¢Junds that date back to mleVa1 times. The main bulldlng includ&s 17th century, Viclorl8n and mid 201h century elements akingside a Victorian-era barn ancl part of the orlgbnal moat. 11 is tha home for th8 W&slbury Fabric a1 FI0 Guild and wlhin the grouThl8. 11 h0518 th& Weslbury B8 Group and Plantlng Up Milton Keynes, Weslbury Arts C8nlre 18 a hub which nurlures crealivily. 8UStainabilily and heritage, playin9 a key rolo in the ambition for Milton Keynes lo be a 'Crealive and Cullural Clly. The only arts organisalion in the western expansty)n area ol Milton Keynes Supports the artistic practlce of 19 r&sldenl artists who rent studios and contribute to thé 8rtl$lic fabrfe ol Milton Keynès Champhons artlsts Iwilhin and outside the Centr81 by Supporting them in developin9 thelr practKe. luloring. and provlding exhibition opportunitS at an affordable prlce Pfovides a place where anybody Can Come and explora a wide range of crealfve endeavours from fin8 arts, crafts, sustainable gardening and beekeeping Flourishing finandally in responsa to d¥alld from our communities Programme ol Uflalive workshops open lo all lo inspire crealivSly. develop skills ond support wéllbglng Provides voluntéeiing opportunitiès Ih31 holp f8du¢& so¢ial iso18tion 8ncl bulkj ¢onfidèn¢$ and self- esteem Works In partnership wlth olher commufjity-based organlsallons to extend its reach Achlevem•nts and Perfom)ancè 2025 was a very succegsful yèar through the hard work and ¢ornmilment of staff, artlsls volunteers and Iru$le88. The Arts Centre thrived with high levels of studio oecupancy. an expanded and well allended workshop programme end a consistently huh level of room bookings. Our events were highly successful including 8 competition for young people al school, The Milloll Keynes Open. and events that supported local makers and craftspeople sell thair product5 through our participation In Heritage Open Days and Winter Markgt weekends. We811rY resident artis15 Showcased their work durln9 Bucks Art Wgeks alongside other local art151s. Special thanks is extended lo our volunteer gard8fts team who have maintalned the grounds In excellent condilbn suppoth'ng wildllfe conserv811on. We were pl&as8d lo be able to 8UPPOrt the Mlllon Keynes Clly Councll delivery of fee•fre& wg11-being workshops lo local residenls by way ol free and reduced-rale room ienlal. We were also pleased ¢fler our exhibition ar88s on g lee-free besls lo Milton Keyn88 Co118ge for thèir annual exhibFtlon ol sludenls work. A buildlng of the age of Wesibury demands regular m8inlenan¢e and durfng the year the healing has been improved In the public 8reas and in some studios. The WFI ha8 been upgraded in the publ1¢ areas, inclu(thng our bam gallefy. We were graleful for the conllibulion of our lanthtrrds. Milton Keynes Development Partnershlp to the $ts ol repair and maintenan¢• ol our buildings and driveway. We are delighted by the p0511ive Support of our landlords lo our future plans.
FINANCIAL REVIEW Flnanclal Revlew In the p8rk)d lo 31 December 2025. the Company m8de a surplvs of £635 which was adde¢J lo Total Funds. The totsl atnounl ol funds carried forward 3mounls lo £52,024. Whilst Income tsom sludio hir¢ remained strong with 97010 occupancy. we 81so saw continued strong demand for m•eling rooms lypically lor local 8rtists lo deliver arts and crart8 aclivllles. Weslbury managed workshops showed a signllicant increase In numbers allendlng. The ¢08ls ol running Weslbury as a property 8fè18rgely fixed 8nd were broadly Ilal except lor rgpairs and maintenance. Asklè from d8y-lo-day repairs and Tenewal8, further sluOS0s ware refurbSshed durlng the year, The company's reserves polley is to retain a rninimurn ol three 19 Six months &xpendilur8 in line wllh Charity Commlssion guldellnes. STRUCTURE GOVERNANCE AND MANAGEMENT Structura, Governance and Manogm•nt The organisatlon is a charitable company Iltnll8d by guarantee, corporated on anij rlS1red as a charity on 12 December 2012. The COmP8ny be9an Its charitable aclivilie5 on 1 Aprll 2013. The charlly was created by it6 Mernorandum of A5socl8tlon which 8slablished the oblecls and powars ol the charitable company 8nd Is governed under ils Articles ol A550¢13tn. The full list of Truslees who served duriry the period Is shown on page 3 togèther wth Trustee5 appointed up lo the dale ol preparation of this Report. The Tru81ees meet regul8rly 88 an executive board and are advised on all malorial mallers as they occur. They lake decisio>ns on thè various projects the ch¥ily undertakes. Governlng document The organlsallon Is a chaillable company limited by guarantee. incorporated on 12 Decembei 2012 and register8d 88 a ¢h8rlty on 6 April 2013. The company was establishe¢J undei a Memorandum ol Association which establishèd the objects and powers Df the charitable comp8ny And is governed under Ils Articles of Associ81ion. In the event ol the cornpany being wound up memb9 are requlred lo contribute an amount nol exceedlng £15. Mernb8rship ol the company is open lo any Indlvidual over the age 0118 inler?sled in promoting ils oblectives and each of whom will have.. applied lo the Company in the form required by the Tru81e88 been approved by the Trust89s. vhose d8cision shall be flnal Organ15atSonal structur• The Board ol Trustees is responsible for overall control and re8pon81bi1Sly loi poll¢y and major deeision maklng. Trustees have specific areas of responsibility including Properly and Grounds, Finance. Marketing and Communications, Creative Engagement and rewrt lo the Board on a regular basis, One part time employee provides marketing and admlnlslrative support l¢X Weslbury. A second part time employee undortakos th¢ role ol hoLtsekeoper. Malor evenl organisation has been supported by a freelance resource and volunteers. The lru8lees sèèkbng Its r8¢rull a lurther part lime employee lo provpje 8dminislralivo support, Major rlsks, revlows and systems to mltlgate rlsks Poli¢les and pro¢edures are reviewed annually and new pollci¢s and procedur8s ale reviewed and approved as required. coverlng. Pollcles..
Finance Includlng- reserves poll¢y internal charily financial contro18 truslees expgn8e3 polScy Bullying and Harassment Cornplainls poll¢y & procedure Health and Safely Risk Management Saleguardlng Serious Incident Reporting policy & procedure Trustee conflicts 01 interest Volunteer Management
Trustoeg. Re5ponslbllltle5 In relatlon to the Flnanclal Statements Company U2w requires the Trustees lo prepare linancial slalemenl¥ for ga¢h financial year which gNe a true and lair view ol Ihe stale ol affairs of the charitable company and of the profil or loss of the company lor Ihat year. In preparing these financial staternenls Ihe Trustees are required lo.. sele¢t suilabl¢ a¢¢ouiiling poli¢ies and then apply them conslslenlly. maks judgements and estimatés that are reasonable and prudent,. prepare the financial slalements on the going CQTrnGein basis unl888 il Is Inapproprlale lo presumè that the charitable company will continue in busine58. The Trust888 8re r88ponslbla for k88ping proper 8ccountlng rrdsWhlch disdose with reagonable accurgcy al any Ilme the lin8nci81 pos¢tion of the company and enable them lo ensure Ihal the Financial Slalem8nts comply wth the Companies Ad 2006. They have general responsibility taking such yteps as are re88t)n8bly open lo them to $818gu8rd the 8ssèls ol tha ch8rrtablè company and lo prevènt and detect fraud and other irregu1arilies. Th18 report h8s been prepared in 8ccord8n¢e th the small Compan8, reglme Under the Compgnies AGI 2006. Approved bylhe Board on................. and slgned ¢)n Ils beh8lf by le- Chair of the Board of Trustees
WESTBURY ARTS CENTRE (Llmlted ty Guaranteo) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WESTBURY ARTS CENTRE ILIMITEO Y GUARANTEEI I report on the accounts of the ¢ompany for the year ended 31 December 2025 whlch are sel out on page5 9 to 16. RespectEve r•spon51bllltles of trust•95 and examlner The th8rlly'5 Iruslees are respon$ible for the prepBr8tIc ollhe accounts. The charity's Irustèas consider that an audit Is not required for thi8 year under sèction 144 01 the Charlllès Act 2011 Ilhe Ch8rilie8 Act) and that an independent examlnalion is needed. It is my responsibility lo.. exarnine the accounts under section 145 tsf the Charities Act, to follow the procedures lald d¢)wn in the general Diredions given by the Charity Commisslon lunder section 1451511bl of the Charities Act. and to slate whelhei partrcular matters havè come lo rny altenlion. Basls of Independent •xamln•r'$ report My exarninalion was Carried Dut in accordance with general Directions gwen by the Charity Commission. An Èxamination includes a rèvièwol Ihe aCunting rècords kept by the charity and a compar190n of the 8cGounls preserTrled with those records. 11 also includes consideration ol any unusual items or dis¢108ures In the accounts, and $eekin9 explanations from the trustees coneernSng any such m8tter8. The procedur?5 undertaken do not providè all the evidence that would be required In an audit, and Consequent no opinion 18 given as lo whether the ac¢ounls presenl a 'true and lair, vlew and the rnpDrt 15 limited lo those malleis sel out in the $lalemenl below. Indopgndfynt gxamlner's statement In conneelion with my examinallon, no rnalter has come lo my attention 1. whlch gives ma réasonable cause to believe that In, any material rèspect, the requir8ment8', to keep accounting records in accordance wth seclion 130 of the Charities Acl., and lo prepare accounts whlch a¢wrd with the accounting records and comply with the accounllng requiréments ol the Charities Ad have not been met., or 2. to which, In my opinlon, 8ltenllon 8hould be drawn in order to enable a proper understanding of the accounts to be reached. Tearle & Carver Limited Chartered Ac¢ounlanls Chandos Hou$8 School Lane BUCKINGHAM MK18 1HD
WESTBURY ARTS CENTRE ILlmll•d by Guarant•è STATEMENT OF FINANCIAL ACTIVITIES {INCLUDING SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 DECEMBER 2025 Moto Unrostrlcted Restrlctgd Total Fund$ Total Funds Funds Funds 2025 2024 INCOMING RESOURCES Incoming Resources from Generated Funds Inve8lmenl Income 1.043 1.043 657 Incoming Resource8 from Charitable Actiwlies 114,585 114.585 118,598 TOTAL INCOMING RESOURCES 115.828 115.628 119,255 RESOURCES EXPENDED Costs ol Generatiro Funds Charitable Acllvllies Governance Costs 71,056 43.937 71,056 43,937 66,248 34,678 TOTAL RESOURCES EXPENDED 114,993 114,993 100,928 NET MOVEMENT IN FUNDS 635 635 18,329 RECONCILIATION OF FUNDS Brought forward SurplusllDeficill lor the Year 51,813 635 51,813 635 33,284 18,329 52,248 52.248 51,613 The Company has no rec¢gnised gains or losses other than the surplus lor the periods above.
WESTBURY ARTS CENTRE (Llmllèd by Guarantee) Company No. 8328547 BALANCE SHEET- 31 DECEMBER 2026 Not• 2026 2024 NON-CURRENT ASSETS Fixed Assets 554 636 CURRENT ASSETS Oebtors 69 2.783 Cash and Bank 67,245 54.800 67,314 57,583 CURRENT LIABILITIES Creditors.. amounts falllng due wllhin on& year 10 15.620 6,6C NET CURRENT ASSETS 51.694 50.977 TOTAL ASSETS 52,248 61,613 REPRESENTED BY". FUNDS Unreslricled Reserves Re51ricled Reserves 52,248 51,813 52,248 51,613 For the financial perlod ended 31 December 2025, the company wa8 ènlilled lo exempllon from 8udil under secllon 477111 of the Companies Acl 2006., and no notice ha5 been deposited undw section 476111 requesllng an audll. The dlreclor a¢knowledue$ h1$ responslbllilles for ensuring that th& company keeps accountin9 iecords which comply th section 388 of Ihe Act and preparing Bccounls which glve a true and lair view of the Stale of affairs ol Ihe company as at th8 end of the year and ol [1$ profil or10g8 lor the Iinon¢ial year In aceord8ncè with the requirements of section 394 and which olherwse CoMY with the Companies Ad 2006., so far as applicable to the compgny. The financial 8lalèmenl8 have been wepared in accordance with the provlslons appllcable to companlas suwecl lo the srnall Compan5, regime under the Companies Act 2006 and wlh Ihe Financial ReportiTrJ Standard for Smaller Entities (effective April 20081. App ved by th? Board of Trustees on . and slgned on Ils behalf by-. Tr lee J Little e notes on pa$ 1110 16 lorm an integral p8rt of Ihe8e fin8nc181 s18ternents.
WESTBURY ARTS CENTRE ILlmllo(J t>y Guar4nleol NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2026 11 Prlnclpal Accounllng Poll¢le a} A¢¢ountlng Conventlon The financial statements of the charllable company, which is a publlc benèfit under FRS 702, have been prepared in accordanee with th8 Charities SORP IFRS 1021 'Aecounting and Reporling by Charlties.. Statement ol Recommended Praclice applicable lo charllies preparing their accounts in ac¢ord8n¢8 with the Flnancia5 Reporting Standard applicab in the UK and Republic of Irel8nd IFRS 1021 leflective 1 January 20151,, Financial Reporting Standard 102 The Financial Reporting Stsndard applicable h the UK and Republic o15reland' and Ihe Companie8 Act 2008. The finanual slalemenls have b8en prepared under the hisloricgl cost wnvenlion. bl Ca$hflow8 The financfjal $181emenls do not include a e8sh flow slalemeiil becau$& th8 ¢h8rily, as a sm811 reporling enlily. is exempl from the requlretllenl lo prepare such a slalemenl under the Finandal R¥ptsrting Standard for Smaller Enlilies leffeGllve April 20081. ¢1 Fund Accountlnu Funds held by the Charily are either-. Unreslricled funds are available lor use al th8 discrelion of the Trustees In furtherance ol thè general objectives ol the Charity. Reslricled fund8 ar6 8ubjecled lo restrictions on Iheir expendrture imposed ty Ihe donor OT through th¢ lerms of an appeal. dl Incomlng R•sour¢es All incoming resourcas ar¥ included in the slalemenl ol finan¢ial activities when the charity is enlrtled lo the income and the arnount can be quantified with rèasonable accuracy. The following specific policies are applied to partiGulai categories ol income.. Voluntary income is rocolvgd by way of grants, donations Bnrl 91ft8 and Ss included in lull in the Slalernenl of Financial Activities when reeeivablé. Grants, where enlillemenl is not condilion81 on the delivery Of a Specific perlomiance by Ihts charity, are recogni$ed when the charity becomes uncond'lion8lly gnlilled lo the grant. Inveslmenl incorne is included when recewable. IncomSng resources fiom grants. where relalgd lo perfomiance and speciflc deliverables, are accounted lor as the charity earns the right lo consideralion by ils perfrnanCe.
WESTBURY ARTS CENTRE (Llrnltgd by Guarant&g1 NOTE8 TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202S Icontlnugdl el Re$ourc&s Expended Expenditure is recognised on an accruals basis as a liabl1Y is incurred. Expenditure 15 inclusive of VAT which cannol be recovered, anEI 13 reported as part of Ihe expendilurg lo vthkh11 relal&s'. Cos1$ of generating funds ccmprlse the cosls associated wEth 8llractlng voluntary IrMe. Charllable eKP8ndllur8 ¢omprlse$ those co818 incurred by the eharity in the dèlivery of Sts aclivilies and servt89 for ils beneficiaries. 11 Includes both costs that can be allocated directly lo such activities and those costs of 8n Indlrecl natu ne¢e3sary lo support them. Gov8rn8nce costs include those costs assoclated wrth meeting the conslilulional and 81alulory requirements ol the charity and costs linked lo the slralag1¢ management ol the eharity. AII co818 are allocated belween the expenditure categories of the SOFA on a basis design*J to reflect the use ol the resource. Costs r@laling to A partlcular actlvbly are allocated directly,. others are aPPOrtloned on an appropriate basis. n Depreclatlon Depreciation 18 provlded on tangible fixed 8ssel8 so as lo write oll the cost valuation. 1¥s$ any ostimatgd r¢$idu81 valL¢O, over Ih¥'r expected useful economlc life as follows.. Plant and M8Ghlnery 20% reduclng balance basi8 21 Legal Statvs of the Charlty The Charity is a cornpany limited by a guarantee and has no share capllal. Thè Ilablllly ol each member ID the event of windln9-up is limiled lo £1. 31 Trustegs R&muneratlon M8mbarg of th8 Board of Trustees receive no remuneration for thelr servkes. Travgl and meetlng expen8e$ were r8lmbur$8d during the year. 41 Investment Income Unr$strlcted Restrlcted 202S Total 2024 Total Bank Interest 1,043 1.043 6S7 1,043 1,043 857
WEST8URY ARTS CENTRE ILlmlled by Guaranteel MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Icontlnuèdl 51 Incomlng R•sourcos from Charltablg Actlvitlgs Unrestrlctod Restrlcted 2026 Total 2024 Total Workshops & Evènts Studio Hlre.. Sludlo Studio Hlre.. Room Sundry Income Commlssion on sale Voluntary Income 54,837 30.495 26,058 2,764 37 393 54,837 30,495 26.058 2,764 37 393 61,048 29.025 25,828 1,827 533 336 114,585 114,585 118,597 13
WESTBURY ARTS CENTRE (Llmltod by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEM8ER 2026 Icontlnuedl 6} Charltable Actlvltles Unr•strlcled Restrlct•d 2025 Total 2024 Total Event expenses Event Expèndituro.. Workstrh)p8 Fire & SecurSly Heal & Light Domestic rale8lWater Repairs & Renewals Per30nnellFreelance Publicily Marketing Cleaning 3,337 27,455 4.903 15.023 463 12,948 2.850 208 3.868 3,337 27,455 4.903 15,023 463 12,948 2,850 208 3,868 1,412 24,462 3,498 17.611 870 18,394 71,058 71.056 66,247 71 Govgrnanco Co$t$ Unr8Strl¢l¥d Reslrlcted 2026 Total 2024 Total Administration staff Office cosls Office consumables Telephonellnlernel Insurance Licences & Subscriptions Web511e costs Legal & ProfesS)nal Bank charges Depiecialion Charg8 Volunteers Sundry 29.633 596 119 1.039 948 904 1,020 8,420 t.176 82 29.633 596 119 1,039 948 904 1.020 8,420 1,176 82 27,939 54 1,765 92S 603 480 1,125 1.098 103 586 43,937 43,937 34.678 14
WESTBURY ARTS CENTRE ILlmbted by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YeAR ENDED 31 DECEMBER 2026 {Contlnuedl 8) Flxed Assots Pl8nt & Macknln•ry 2026 2024 Total Total COST Al 1 January 2025 Additlons Disp0581 3,993 3,993 3.993 Al 31 December 2025 3,993 3,993 3,993 DEPRECIATION Al 1 January 2025 Charge for the Perlod Eliminaled on disposal 3.357 62 3,357 82 3,254 103 Al 31 December 2025 3.439 3,439 3,357 NET BOOK VALUE Al 31 Oecgmbgr 2025 554 554 636 Al 31 December 2024 636 636 739 91 Taxatlon As a Charity, WeslburyArts Centre is exempl frem lèx on income and gains falling within Secllon 505 of the Taxe$ Acl 1988 or S256 of the Taxation of Chargeable Gains Act 1992 to Ihe extent that these are applied lo 115 charilable objecls. No lax charges have arisen In the Charity.
WESTBURY ARTS CENTRE ILlmlted by Guarant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2025 101 Credltor8 Amounts lalling due within one year.. 2026 2024 Crèthlor8 Accruals 6,054 9,568 554 6,052 15,620 6,806 11) Government Asslstsnca MK Developmgnl Partnership allow the Cornpany free use of the preml88S 83 part of the MK Arts & Herilage Project. No value has been attdbuled lo this in Ihe accounls. 12> Ultlmate conlrolllng party The uttimale conlrol over the charily Is in the hands of its Trustees, as of 31. Decgmber 2025, thl was Ms K Bull, M8 R Cribb, MT J Little, Mr O Harbey, Ms L N8al•. Mr WR eer 131 Staff costs The average m¢)nlhly number of fUltIMe equivalent employees during the yèar was as follows.. 2026 2024 No employees received emoluments more than £60,000. 16