Queercirde Limited Charity No. 1194564 Company No. 13143331 Trustees. Rewtand UnaudltedA¢¢ounts 31 May 2022 qu••rclrcle knmited Contents Trustee5' Annual Report Statement of Trusi•rf Aespowbilrties Independent Examlne¢s Rewt Statementof Finandal 3tg7 io Summary Incomè ènd Expenditu￿ Accowrt Balance Sheet li 12 Notes to the knnts 13to Page I Queerrirde Limited TrusteesAnnual Report The trustees, who are also dirertors of the charity for the purposes of the Companiè5 Art 2C¥)6, present their report with the unaudited financièl statements of the charity for the period ended 31 May 2022. RÉFERENCE Af4DADMINisfRATIVE D￿All5 Company No. 13143331 Ch3rity No. 1194564 ReBl$tered Offlce 0.1. 8uilding 4 3 8arton Yard 5oames Walk. Design District Greenwich SEIO OBN Dlrertor5ab￿TTvStees The Directors of the charitable companyare its Trusteesforthe purposes of charity law. The followin8 Directors and Trustees seThed during the year. W. Austyn L. Hensfield K.V. Hwèmi l. Julien L. McKinney L. Rezende G. Rolls Bentley Ctr(tsir J. Ryan R. Tovey G.S. Wright A. Joiner TreasurEr C￿0)air Direttor Attountants Sherwin Currid Accountsncy Limrted 32 London Road Guildford GUI 2AB Bankn CAF Bank Lttl 25 Kings Hill Avenue West Malling NE19 4JQ Page 2 **Queercircle Limited Trustees Annual Report** ## **OBJECTIVES AND ACTIVITIES** Queercircle is an LGBTQ+ led charity working at the intersection of arts, culture & social action. Our community informed arts & culture programme has been co-designed through ongoing consultation with the LGBTQ+ community for the benefit of local, national & international communities. Our objectives are: 1. Be embedded in Greenwich, as a community & cultural centre with an international profile; 2. Champion the excellence of LGBTQ+ artists in the UK & internationally; 3. Provide a safe environment in which LGBTQ+ & local people may connect, create & build a sense of community; 4. Promote respect for LGBTQ+ diversity & cultural expression; 5. Promote the health and well-being of LGBTQ+ people & local communities; 6. Increase diversity in the cultural and creative sectors; We do this by: 1. Supporting the production & presentation of 3 exhibition commissions, archive exhibitions & participatory residencies a year by LGBTQ+ artists at pivotal stages in their career; - Creating opportunities for the public to access & engage with LGBTQ+ arts & culture that reflects our diverse community; 3. Programmes will be ambitious, innovative & varied to encourage diverse participation; 4. Creating opportunities for international, intergenerational & cross-cultural exchange & interaction; 5. Strengthening links between arts, culture & health; 6. Creating education, work experience & wider career & employment opportunities for LGBTQ+ people; 7. Building an ecology of partnerships with arts, health, education, corporate, and LGBTQ+ led organisations & the public sector; - Ensuring all our programmes are accompanied by participant & peer network evaluation & regular visitor surveys; - 8. 9. Grounding our programmes & growth on data working with a range of academic, community & charity partners to develop community informed evaluation frameworks. Page 3 Que*rrirde Llmtted Tru5teesAnnual Report ACHIEVEMENT AND PERFORMANCE Ch¢7rltoble #divitles Between Au8USt 2021 and May 2022 Queercircle has delivered its aims and objectives. acr0$5 the following areas of artivity: Opened our first permanent physital space at the Design Oistrict in North Greenwith. London. Appointed a Learning and Participation Manager. Di8ital Content and Communications Manager. and a Gallery Manager. Devèloped a five year business and fundraising strzte8y. Run a successful crowdfundin8 campaign for £40,(￿1. Built commercial partnerships with BeBg & Co, and Avant Arte to produce Ilmlted edib'on products/printS with a percentage of proceed5 SUPPOrtin8 Queerctrcle's programme,. Launched our first exhibition commission.. Let Me Hold You by Michaela Yèarwood-Dan, and The Queen's Jubilee with stuart Feather. • Built partnerships with loul, national and LG6TQ+ organisab"ons. • Oeveloped and delivered a community generated programme across arts. tulture and creatNe health. Oelivered prtde acttvities for Royal 8ofou8h Greenwich Yo8ether 22 Festival-. Provided pro bono space to other LGBTQ+ or6anlsations and indivlduals. Our move into our new site in June 2022 wlll allow us io artFvate our core programme & business ambitlons. The fully whtelchair-accèssible 2.&J7 sq ft space has grountl floor access. lots of natural light & includes a publi gallery, retail space, a library & archive exhibition space. external pedestrianised piazia for public programrnin& & a dedicated multi.purpose pioje¢t space. The Oeswn Olstrict ts bLrilt tts minimise enerKy consumptltsn & carbon footprint lovr building is 8REEAM certlfiedl. fvlfilling our environmental commitments as one of the first third sector or8anisation5 to I￿n the Gallery Cllmite Coalrlion. For artists & community groups, wdll be a free vital ￿0￿r(¢ for developin8 & showina creative work,. providin8 opportunities to take rlsk5. empeilment, collaborate. share learnin8 & enga8e new audlence5 In culture. Our collaborative work wsth community 8roups has mtant that underrepresented LGBTq+ & local tommunlties are repiesented & 6lven a voice within cultural institvtions. Workin8 with various Stakeholders Including GW RBG and LG8TQ* tharit4es, w*'ve designed a health & wellbelng prograrnme focusing on social aspects to redute stress & anxiety through confidence buildin& & the development of social networks throu8h local cornmunity participab'on. We've partnered wlth UCL to develop a community-informed evaluation framework to measure the impact our pro8rammes have on the health & wellbein8 of urban LGBTQ+ cornmunr(ies. Cornmissioned artists.. Michaela Yearwood-Dan Stuart Feather • Jakob Rowlinson Page 4 Queercirde Limlted Trustees Annual Report Financial review The resutts of the period to 31 M3y 2022 are set out in the statement of financi31 artivities. Incoming Resources for the year are £182,517. Resources Expended are £108.886. Forthe peiiod ended 31 May 2022. aueerorde shows a net surplus of £73,631. As at 31 May 2022 Quèercircle had net assets of £78,826 with net current assets of £72,513. Unrestricted fund5 of the charity amount to £l.W which makes up the General reserves fvnd. Restrirted funds amounted to £76,922 at 31 May 2022. Polkyon reserves The Trustees assessed the minimum desirable level uf unrestricted funds would be equivalernt to three rnonth5 of unrestricted expenditure on artistic programme. support and st3ff costs. A(mss 2022123. the Charity will look to allocate unrestritted surplu5 to its general reserves. The Trustees will continue to keep the Charity's financial position under reviewto ensu￿ that freely available reserves are sufficient to meet tts working requiremerrt5. Plans forthe future With the support of Greater London Authorrty and Outset's Studiomakers Initiatwe. we've secured an affordable five-year lease on a new site designed by award-winning David Kohn Archrtects. Set in the pioneering Design Distrirt in North Greenwich. our gallery. library and projert spaces will enable u5 to action our groundbreaking community focused programme of exhibition commissions, collaboratNe artists residentie5 and year-long leamin8 and pa￿CIpatiOn opportunlties. Opening in June 2022. our new home will provide a hollstic environment whith celebrates queer identity. champions arts and cultu￿. and supports the wellbeing of our community- Looking to the future. Queercircle Seeks to develop an ecology of artists. Curators. writers, thinkers, community organisers. grassroot5 organisations and Char￿e$ who collectivefy work together to strengthen links between culture. health and wellbeing. Acros$ 2022123 Queerorcle will= Continue to provide programming specifically designed for our communities. needs through in-depth con5ultstion with charities, community groups & ne￿rkS acr055 the UK wtth a parricularfocus on partner5 in priority place5. We'll ensure our communities are actNely involved in our developmeot & evolve tn ￿spOnse to their feedback. Provide a free & welcoming communtty space to counterthe owing decimatton of LG8TQ+ Spa￿ in London & cuts to mental health services.. ensuring ourcommunr(ies have a cultural home that reflects them, where they feel safe & inspired to express themselve5. Page 5 Queercbrde Llmlted TrusteesAnnual Report By makin8 our spaces & a¢tivTties free to access we'll remove any economic barrier5 to participatitsn. In dolng so, we'll use arts & Cu￿Ure as a tool to bring LGBTQ+ & local people tO8ether to build community & encourage social cohesion. We'll be open 6 days a week, providi￿ 280 days per year offree. unmatched access to LGBTQ+ arts & culture in the UK. We anticipate 11.fljo visitors In 2023. Krowingto 22.IX•J by 2026. We intend to increase our days & evening opening hours & provide more evenirvd activities to increase participation. regenerate the local nei6hbourhood & support the developrnent of a nWit time etonomy. We are workin8 With the GLA, Royal Borough Greenwich & Oesvdn District to achieve this. sttuated on the border of Greènwith & Newham. as part of a brand new development. our progfarnme wll play an activè role in transfoming the local area to create a thriving place to live. work, study & visit. Our réadlng room doubles as a communty-led exhibition spate to provide a quiet space for study. & access to archives.. those of artists & the community- We will programme 3 archive exhibitKJns per year in collaboration wlth communlty rnembèrslgroups, elevatlrvJ the Vol￿ of fflarginalised people to tell their own Stor￿ through creatNe expression. By sharln8 our facllitles for free, we aim to support other IG8Ta+ arts or8anisations. creatives & can book our project space free of charge to delNer thebr own piogramme. In doing so. we will intrease our communitie5' Involvement In shaplng & deliverfn8 our ¢ultural prov1￿0ft io ensure a wlder ran￿ of people partlcipate In our programme. We'll deliver 3 particlpaiory residencies per year. whereby art15ts will dtvèlop & delivef a project in collaboration with the community. Each rèsidency wlll en8age with a drfferent cornmunity group. with a particular focu5 gn marginali5ed people & th￿¢ from Newham io encourage artistic outpyl dlre¢tèd by communlty ideas & needs, widenin8 Participation in cultural exprèssion. Our residencles nurture new, long-standing collabofations & partnerships be￿een artists & community groups to ensure the actlvlty itseff is richer & more relevant & greater ¢lvlc & soclal benefits are dellvered. We will delNer weekty, free, community-focused public arts & ¢utture yogrammlnl Includin8 workshop5. artlsts. talks, & Iilm screenin8s io engage established audiencts. & to appeal io under-fepresented group5 who might not normally attend culiural events. We'll increase partiupaiion by utilisinÉ diKital technologie5 & providin8 hybrid pro8rammin8 to ensure we reath LGBTQ+ communltles across the UK, partlculafly those in prlorlty places; those in rural areas, & those wth disabilities. We will partner with local charities supportin8 various demo8raphics & needs to deliver our community breakfasts- ènabling vulnerable people to experience our cu￿ural pro8ramme outside gf normal vi51ting hours In relaxed. safe environment, integrating them into cukural conversations. somethin6 they may normally bè excluded from. Partnering with 12 LGBTQ+ charitie5 per year. we deepen t)ur understandin8 of vulnerable people's needs, strengthening organisational felationships & the creation of Stronger, collaboratNe communltles. We will wllaboraie with a of cross sector partners. includin8 charlts"es, local community 8roups & the local authorities- to deliver our Health and Wellbein8 Pro8ramme. Our Health and Wellbeing programming will pro￿de a hollstic seryice thatfocuses on the yxlal aspects of health & wellb•n£ & has the followin8 prlnciples.. Bein6 inclusive. fvn, non-judgemental & non-threatening People centred & self-diretted Focused on reducing StTe55 and anxiety throu8h Confidence buildin8 & encouraging the development of friends, social networks & local cornmunity Participation Focus on local collaboration with other agencie￿$takeho5ders With similar interests. Page 6 **Queercircle Limited Trustees Annual Report** We hope the programme will lead to the following beneficial changes for its participants: - Easier communication - Encouraging/ increased motivation around creative abilities - New learning - Improved cognitive function - Increased confidence - Increased self-esteem - Increased social participation - Generating a sense of freedom We will develop an off site partnership with Serpentine Gallery: a 2 day seminar bringing together artists & - theorists to expand our 2022/23 theme Ecology. The artists we will work with include: Michaela Yearwood-Dan, Jacob V Joyce, Ayesha Tan Jones, Raphael Perez Evans & Carole Wright. As part of our commitment to supporting diverse LGBTQ+ artists at pivotal stages in their career, the 1st year's programme had 50% POC & 33% trans representation across exhibitions & residencies, showcasing LGBTQ+ diversity & cultural excellence in the UK. The trustees will continue to monitor organisational risks at board level. We know that 2022/2023 will bring challenges for the organisation and the funding climate is particularly tough. The challenge for sustainability is ongoing, however, the organisation will continue to diversify ways of raising funds and building strong, sustainable partnerships with funders. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP {FRS 102). Signed on behalf of the board Gemma Rolls Bentley Trustee Glenn Scott Wright Trustee Page 7 **Queercircle Limited Trustees Annual Report** ## **Statement of Trustees' Responsibilities** The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the SORP and Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 01 January 2019. The trustees are required to prepare financial statements for each financial year. The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees must comply with the requirements of the Charities Act 2011 with regard to the keeping of accounting records, to the preparation and scrutiny of statements of account, and to the preparation of annual reports and returns. The statements of account, reports and returns must be sent to the Charity Commission, regardless of the income of the CIO, within 10 months of the financial year end. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees of the charity on 22 Feb 2023 and signed on its behalf by: Gemma Rolls Bentley Co-Chair Glenn Scott Wright Co-Chair Page 8 Queercirde ￿M￿ted Independent Examlners Report Independent ExamlAer's Reporttothe trustees of llueeryirde limited I report to the charitytrustees on my examination of the hnancial statements of Queercircle Limited for the period ended 31 May 2022 which comprise the Statement of Finanual Activities. the Summary Income and Expenditure Account. the Balance Sheet and the related notes. Respon5ib41ities and basls of rewt As the trustees of the chanty land also its dirertors forthe purposes of tompany lawl you are responsible for the preparation of the financial statements in accordance the requirements of the Companies Act 2006 I'the 2006 Act. Having sat15fted myself that the financial ststernents of the charity are not requlred to be audited under Part 16 of the 2006 Act and are eligible lor independent examinaiion. l ￿port in respect of my examination of vour charity's financial 5taternents as Carr￿ undef section 145 of the 05arf(ies Art 2011 Ilhe 2011 Act'l. In carrying out rny examination I have followed the Directtons given bythe Charity Commission under section 14515llbl of the 2011 Art. Independent examlner's statement I have completed my examination. I can confimi that no material fflatters have corne to my attention in connection wtth the examination gwing me cause to believe that.. accounting records were not kept in accordance with Section 386of the 2(A)6 Act- or the financial statements do not accord with those records- or the financial ststements do not compty with the accounting requirements under section 396 of the 2(￿J6 Act other than any requirement that the financial ststements ￿ve a'true and fa¢r' view which is not a matter constdered as part of an independent examination.. or the financial statements have not been prepared in ac£ordance wr(h the Charities SORP IFRS 1021. I have no concerns and have come across no other matters in connection with the examlnation to which attention should be drawn in this report in order to enable a proper understsndinE of the financial statèments to be reached. Max Sherwin ACCA Sherwrn Currid AccountanLy timited 32 London Road Guililford GUI 2AB 13 January 2023 Page 9 Queercir¢le timited ststement of Finawial A¢tl¥itie5 forthe perlod ended 31 May 2022 fund5 funds Totsl fvrrtls Total fund5 2022 20 22 Income and e¥knents from: Donations and legacies 51.435 131.Ce2 182.517 20,673 Totsl 51,435 131.(B2 182.517 20,673 Expenditure on: Charitsble actNities Other 3.(￿1 11.055 11,320 83.450 14.381 94,505 14.C60 1,418 Totsl 14.116 94,770 108.886 15.478 Net gains on Investments Net income 37.319 36.312 73.631 5.195 Transfers between funds 136,3131 36,313 Net Income before other gain5/llossesl 72.625 73.631 5.195 Othergains and losses Net movement in fvnds 72.62S 73.631 5,195 Recondllation offvnds- Total funds brou8ht forward 4.297 5,195 Totsl fvnds czrrledforward 76.922 78.826 5,195 Page 10 QLreettlr¢le limited Summary Income and Ejtpenthture Account forthe perlod ended 31 May 2022 2022 2021 Intome 182,517 20,673 Gross Incorne forth• ptrlod Expenditure 182.517 20,673 106.577 15.478 Depreciation and chargesfor irnpairment of fixed assets 2,309 Total empendlture for the perlod Net income before tax for the peri￿1 IOB.886 15.478 73.631 5.195 N•t Income forthè ptrlod 73.631 5,195 Page 11 **Queercircle Limited Balance Sheet** ## **at 31 May 2022** |**Company No.**
**13143331**
**Fixed assets**
Tangible assets
**Current assets**
Cash at bank and in hand
**Creditors:**Amount falling due within one year
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
Restricted income funds
**Unrestricted funds**
General funds
**Reseres**
**Total funds**
**Notes**
9
10
11
11
11|



**2022**
£
6,313
6,313
80,807
80,807
{8,294)
72,513
78,826
78,826
78,826
76,922
76,922
1,904
1,904
78,826|**2021**
£| |---|---|---| |||8,395| |||8,395
(3,200)| |||5,195
5,195| |||5,195| |||5,195
4,297| |||4,297
898| |||898| |||5,195| These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the period ended 31 May 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 6 February 2023 and signed on its behalf by: Glenn Scott Wright Trustee Page 12 Queercirclt ￿rnited NotestotheA¢¢ounts forth* pwlod ended 31 May 2022 l Accourrtlng polides Basls ol weparatlon The financial Statements have been prepared in accordarKe with Accountin8 and Reporbng by CharSties: Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Finanoal Reporting Stsndard èpplicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151 (Chairties SORP IFRS 10211. the Financial Reportin8 Stsndard applicable in the UK antl Republic of Ireland IFRS 1021 and the Companies Act 2fK6. chan￿ In ba￿$ of account1￿ orto pr￿Qu5 accounts There has been no chan8e to the accountin8 policies Ivaluation rules and method of accounting) slnce last year and no thange5 have been rnade to accounts for prevlous years. Fund a¢countl Unrestritted funds These are avallable for use at the dixrets'on of the trustees In furtherance of the general objects of the charity. These are unrestricted fvnds earmafked by the trustees for particular purposes. Yhese are unre5trirted fvnds which include a revaluation reserve repre5entln8 the restatement of investment assets at their market values. These ère available for use subjectto restrictions imposed by the donoror through terms of an appeal. Desi8nated funds Revaluation funds Restricted hjnds Incom• Reco8nitlon of income Income Ss included In the Statement of Financial Activities ISOFAI when ihe chafity becomes entitled to, and Virrualty certain to receive. the income and the amount of thè incomè can ￿ mèasured with sufficient rellabllity. Incomewith related Where income has related expenditurtthe in¢ome and related expendlture Is expènditure reported gross in the SOFA. Donatlons and le8acies Voluntary Income ￿e1ved byway of 8rants, donations and 8ift5 IS Iiitludtd in the the SOFA whèn recèivablè and onty when the Charity has uncondltlonal entitlement to the incorne. Tal reclaims on Income from tax reclaims is included in the SOFA at same time as the donatlons arnd gffts 8iftldonation io which rt relates. Donated sefvices These are only included in income Iwtth an equivalent amount in expenditure) and facilitiÈs where the benefft to the Charrty is reasonably quantifiable, measurable and matèrial. Volunteer help Thewalue of anyvolunteer he* recel¥ed is not included in the ac¢ounts. Investment incomè This is induded in the accounts when receivable. Gainslllossesl on This includes any gain or10ss resulting from revaluing investments to market revaluation of fixed value at the end of the year. assets Gainsll10s5esl on investment assets This in¢ludès any gain or loss on the sale of investments. Page 13 Queerclrde Llmittd Note$totheAccounts Expenditure Recognition of expenditure Expenditure is reco8nised on an accruals basts. Expenditure includes any VAT which cannot be ful￿ recovered. and is reported as part of the expenditure to which it relates. Expendfture on These compri5ethe costs assotiated with attracting voluntsry irKome, raising funds fundraising trading costs and invesffiient management costs. Expenditure on These tomprise the costs inturred by the Charfty in the delivery of its activities charitable actNities and services in the furtherance of its objects. including the makin8 of grants and governan￿ costs. All 8raN expenditure is accounted for on an ac￿al paid basis plus an acenjal for 8rants that have been approved bythe trustees atthe end of the year but not vet paid. These include those costs •5s0aated mèeting the consts"tutional and Statutory requirements of the Charity. induding any audivindependent examination fee5. costs linked to the strate8ic management of the Charity. toÉether wtth a share of other administration costs. Thesè are 5UPPOrt costs not allocated to a particular artSvtty. Grants payable Governance c05ts Other expenditure Taxatlon The charity ts exempt from Corporation tax on its charitable artlvrf(￿. Tanglble flx•d assets •nd deprtdatlon Oepreciation is provided at the followlng annual rates In order to wrlte off each asset over its estlmated useful life-. Plant and machSnery 25%%Strai8ht knne Computerequlpment 33%% stra￿ht Line Tr•d• and otherdebtors Trade and other debtor5 are recognised at the settlemtnt amount due after anytrade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equfval¢nts Cash arnd tash equivalents comprise cash at bank and on hand, demand deposits with banks and oiher short-term highly liquid investments with original mafvrities of three months or less and bank overdrafts. In the statement of financial position. bank overdrafts are shown wrthin borrowin8s or current liabilities. In thè Ststement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that a￿ repayable ¢)rt demand and fom an integral partof the company's cash management. Trad• and oth•rcredlt Short term creditors are measured at the transaction price. Other creditors and provisions are recognSsed where thè charity has a present obligation resvltlng from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligatSon tan be measured or estimated ieliably. Creditors and provisions are nomial￿ reco8ni5ed at their settlement amount after allowing for any trade discounts due. Page 14 QyeercFr¢le Limited NotestotheAccounts Pension Costs The charity operates 3 defined contribution plan for its employees. A defined contribution plan ts a pension plan under which the company pays fixed Contrib￿lonS into a separate entity. Once the ctsntribution5 have been paid the company has no further payments obligations. The contributions are recognised as expenses when theyfall due. Amounts not paid are shown in accrua15 in the balance sheet. Thè assets of the plarh are held separately from the company in independently administered funds. Receipt of donated g£￿& facilities and ser¥i All donated good5. faolilies and seryices receNed are recognrsed within incomtn8 reSoUr￿S and expenditure at an estimate of the value to the charrty- 2 Companyststus The cc¥npany is a private company limf(ed by 8uarantee atMI consequentty does not have share capital. 3 Ststernent of Financial Actl¥ltles- prior Unrt5tricted Restricted fvnds fund5 20 Totsl funds 20 2021 In¢ome and •ndowments from: Donations and legacie5 Total 7.316 13.357 20.673 7.316 13.357 20.673 Expendltureon: Charitable artMtie5 9.¢%0 14.060 1.418 Other 1,418 Total 6.418 9,¢%0 15.478 Net Income 4,297 5,195 Net Income befortother in$l(l¢)$￿) Other £aln$ and losses: Netmovement in fund5 4.297 5.195 4.297 5,195 Reconciliatlon of funds: Total funds carriedforward 4.297 5,195 4 Incorne from donatlons arKI legacie5 Totsl Totsl 2021 Grant Intomt Donations iO.(KX> 41.435 51.435 131.Cé2 141,082 41,435 182,517 13,357 7,316 20.673 131.082 Page 15 queerclttle Limited Notesto the Accounts 5 Empendlture on charitable xtl¥iiie5 Total Total 2021 Expenditureon churitoble artNities Exhibitton costs 9.968 14.060 Artist fees Other dirert expenses Merchandise costs 1.352 1352 1.979 1.082 1.979 l.CÉ2 3.[61 11.320 14,381 14,C60 6 Other expendrture Totsl Totsl 2022 2021 Employee costs Motorand travel costs Premises costs Amortisaiion. depreciation, irnpairment. profiVIos5 on disposal of fjxed a55ets General administrative costs Legal and professional costs 47,572 47.572 319 319 1.954 29.211 31,165 2.309 1.756 4.717 11,055 755 2,511 10,629 94.505 5.912 83,450 1.341 1,418 7 Ne¢ Income ljefore transfers Thi5 IS stated after charging.. Depreciation of owned fixed assets 2021 2.3CP3 8 Staff costs No employee receNed ernojuments in excess of£60.CiX). Pa8e 16 queercirclt limited Notesto theA¢¢ounts 9 Tanglblefijred a$5ets Plantand Computer mxhinery eqLMpment Total Cost or r￿al￿￿Oft Additions At 31 May 2022 Deprecla¥on and impaiment Depreciation thèrgeforthe vear At 31 May 2022 Net bookV￿ues 6.723 1.899 8.622 1.682 627 2.309 At 31 May 2022 10 Cr•dltors: amounts falllng due wlthln one year 2021 Other taxes and soclal securtty Other creditors AccruaLs 3.168 1,032 3.20) Page 17 Queertircle Limffied Notes totheAccounts 11 Movement In funds Gross At 31 Mèy re50wces expended transfers 2022 At l AuBust 2021 Restrlrted funds.. Restrlcted income fund5: Art Fund 4.297 22,5CO 40,280 lo,￿ S8.302 13.7111 157,3821 129,2111 14.4661 23,086 Arts Council England Flt Out Fund National Lottèry 17,102 19,211 53.836 Totol 4.297 131.(É2 194.7701 36.313 76.922 Unre5trfrted funds: General fund5 51.435 114,1161 136,3131 Total fvnd$ Purposes and restrlctlon5 In relatlon to the fvnds.. Re5trirted funds.. Art Fund Arts Coun¢il England Flt Out Fund National Lottery 12 Analysls oln•t a%s•ts b•tweenlund5 Unrnsirf¢ted Restrlcted fvnds funds Total Fixed a55ets Net eurrent a55ets 6,313 2,852 6.313 72.513 69.661 13 Rvon(Illatlon of net d•bt At l Av8wt 2021 Cash flows At31 May 2022 Cash and cash equrvalents 8.395 8,395 72,412 72.412 80.807 80.807 Net debt Page 18 Queercirde bmited NotestotheA¢counts 14 Related party th5dosuw*s ContmNlnyporty Thè company is limited by 8uarantee and has no share capital.. thus no single party controlsthe company- Page 19