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2024-05-31-accounts

QUEERCIRCLE LIMITED

TRUSTEES’ REPORT AND UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2024

Charity Registration No. 1194564 Company Registration No. 13143331 (England and Wales)

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QUEERCIRCLE LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees W. Austin (Resigned 05 Apr 2024) W. Austin (Resigned 05 Apr 2024)
L. Hensfield (Treasurer)
K.V. Hwami (Resigned 05 Apr 2024)
I. Julien
L. McKinney
L. Rezende (Resigned 05 Apr 2024)
G. Rolls-Bentley Wilde
J. Ryan
R. Tovey (Resigned 05 Apr 2024)
G. Scott Wright
Charity number 1194564
Company number 13143331
Registered office 0.1, Building 4
3 Barton Yard
Soames Walk
Design District
Greenwich
SE10 0BN
Independent examiner Sadler Advisory Limited
68 Ambergate Street
London
SE17 3RX
Bankers CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
ME19 4JQ

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QUEERCIRCLE LIMITED

CONTENTS

Page
Trustees’ Annual Report 4-17
Statement of Trustees’ Responsibilities 18
Independent Examiner’s Report 19
Statement of Financial Activities 20
Summary Income and Expenditure Account 21
Balance Sheet 22
Notes to the Accounts 24-30

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QUEERCIRCLE LIMITED

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 MAY 2024

The trustees present their report with the financial statements of the CIO for the period 01 June 2023 to 31 May 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 01 January 2019.

REFERENCE AND ADMINISTRACTIVE DETAILS

Company number 13143331

Charity registration number 1194564

Registered Office

Directors and Trustees

The Directors of the charitable company are its Trustees for the purpose of charity law. The following Directors and Trustees served during the year:

A. Joiner Director

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QUEERCIRCLE LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

Accountants

Sadler Advisory Limited, 68 Ambergate Street, London SE17 3RX

Bankers

CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling ME19 4JQ

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QUEERCIRCLE LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

OBJECTIVES AND AIMS

Queercicle exists to promote equality and diversity for the public benefit worldwide, particularly but not exclusively by:

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Our first year (22/23) was an intense period of practised-based research and learning to understand our role as an organisation moving from a digital programme to one with a public facing venue and a holistic programme across arts and health. Throughout 2023-24, we refined our provision and developed new ways of working in response to this learning. Most notably, we have delivered less with less partners to focus on deeper, long-term, sustainable impact.

Receiving our first multi-year grant (The National Lottery Reaching Communities) has allowed us to build, sustain and nurture our core team, focus efforts on strengthening relationships and making longer term strategic decisions.

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QUEERCIRCLE LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

Between June 2023 and May 2024 Queercircle has delivered its aims and objectives, through the following areas of activity:

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QUEERCIRCLE LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

Working with LGBTQ+ Communities

Our Queering Creative Health Report (2023) in partnership with UCL noted:

“I was struck by the resounding theme of needing space which is valued, permanent, consistent and stable, BUT is flexible, accessible and not imposing structures or expectations – both in its physicality and what goes on within.”

Recognising the importance of our space as a valuable asset to the community, we have experimented with how we use our spaces to better meet the needs of our communities. Across one-off events, weekly and monthly bookings and our CATALYST programme, we provided 1918 hours of free space for LGBTQ+ groups/organisations. Across the programme we identified the majority of our audience visit for events, rather than drop-in. In response to this, we have prioritised developing and hosting events rather than providing a drop-in service. In doing so, we have maintained the same visitor numbers as the previous year, but increased repeat visitors and the duration of time spent to an average of 3 hours per visit. Building on this, we refined and continued to trial ways of convening our communities including targeted interventions alongside more informal spaces to connect, rest and play.

We have recognised the positive role we can play in facilitating the sharing of knowledge based on our lived experiences and co-designed initiatives led by and for LGBTQ+ people. The Queering Creative Health and Queering the Arts networks continue to interrogate what is meant by “specialist” knowledge and champions lived experience. This approach emphasises the sharing of knowledge and resources to empower our communities, and informs our programme decision making on an ongoing basis.

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QUEERCIRCLE LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

Gallery Programme

Our second year’s programme included two artist’s commissions:

June - September 2023: Zinzi Minott - MANY MIKL MEK AH MUKL

January - March 2024: CATALYST

We adapted our CATALYST programme in response to our learning by extending the provision from 1 month free space space to three months, and providing additional financial resources to the participating LGBTQ+ organisation. Museum of Transology (MoT) adapted our gallery to a studio in preparation for a future exhibition. E-J Scott, founder of MoT commented:

“Instead of delivering a public programme, the three months became a “bootcamp” for MoT volunteers where everyone was becoming a leader; equipping them with skills in archiving, facilitation, digital photography and curating. We now have a crew of seven or so people who have had 3 months of deep engagement with museum processes that they have had the autonomy to initiate and test. Which means I now have seven curators who are now confident enough to go and run workshops themselves around the UK.”

Participants feedback demonstrated that this focused approach resonated with them:

“I was familiar with volunteering for MoT before the residency started, however, because of attending the archiving lates rarely, I could never feel how my work impacts the museum. Here, at QC, I could share my opinion and my skills in a variety of areas: archiving, digitising, organisation, curating, photography, and more! It felt like the energy I put into volunteering is important for MoT and fuels the community of volunteers. We grew to be very close to each other and we know we can depend on one another.”

Simultaneously, we converted our “library space” into an artist’s studio and hosted Mexican artist Teresa Margolles - our first time working with an international artist and having an artist in residence - to support the production of her upcoming 4th Plinth Commission, London. The studio was used to cast 400 “Improntas” of trans people’s faces, which will be revealed in Trafalgar Square September 2024.

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QUEERCIRCLE LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

April - June 2024: Then and There

During our initial research in 2019, performance artists stressed that the lack of rehearsal space in the capital was a major barrier for their practice, with those available being considered unaffordable. Some mentioned that even when commissioned or booked to perform, space to rehearse or warm up wasn’t guaranteed. Similar findings were included in the Greater London Authority's 2019 Cultural Infrastructure Strategy.

To address this, we converted our gallery into a rehearsal studio. Participating artists were invited to use the rehearsal space to play, develop new work and rest. They were also supported with additional financial resources if they wanted to deliver public programming. Collectively we reflected on their needs as performance artists to imagine what a dedicated queer studio would look like in the future.

Health

This was the first year that we delivered bespoke Health Projects at QUEERCIRCLE, following-up on the pilot creative health project we delivered in our first year. Across the year we explored themes and approaches around queer ecologies, somatic practices, queer care, disability/access and grief. In some instances, these projects were commissioned by QUEERCIRCLE, whilst others are projects and or programmes we have supported financially, with resources and guidance, co-produced with partners and individual practitioners.

Some example of participants feedback:

On our Grief Tending workshop, facilitated by Sarah Pletts:

“ A powerful, nurturing and profound day at QUEERCIRCLE. The grief tending was beautifully facilitated and very inspiring. I’m so grateful for the opportunity to practise grief tending in a queer context.”

Serious Play movement class, facilitated by Oluwaseun Olayiwola:

“Nourishing, unexpected, highlight of the month, really vital, invigorating. Makes me want to come back for movement. Unique opportunity to be warm and engage in contact with other performers. Beautiful facilitation and care.”

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QUEERCIRCLE LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

Make Time: Through our evaluation we have learned that our communities appreciate the stability and reliability of weekly drop-in activities. Our “Make Time” Arts Club is an informal, weekly open-to-all activity focusing on the social aspect of art and health with the aim to:

We partnered with other LGBTQ+ organisations - SketchSesh, Riposte, and People’s Props to deliver these activities. The partners had various aims and objectives when joining Make Time. For example, Sketch Sesh joined with the intention to test out a new format for their crafts and educational fashion school, Riposte needed a social space to engage in activities outside their queer nightlife offer, and Protest Props wanted to vary their crafts programme outside their makers workshop space. We tried to develop the programme in a way that resonated with our partners organisational objectives, whilst meeting our own too.

Trans Youth Club: Through our programming with Shooters Hill Sixth Form, Museum of Transology, Metro and Queer Youth Art Collective, we have identified the need for a regular Trans youth programme. Working with our partners, we are exploring how this can sit within and compliment existing youth based provision.

Young Trans people who participated in our pilot asked us to develop this programme with the aim to:

These efforts will be led by a newly appointed Young People’s Programmer in the next financial year.

Learning

In May 2024, our Ofsted inspector reported we have “created a beautiful learning environment”.

We deliver weekly free learning opportunities for and by LGBTQ+ people Given our unique position as an organisation sitting at the intersection of arts, health and social action, we programme across three strands: artistic, academic and civic. These courses are all free and open to the public or focused for particular groups in partnership with other organisations & under-represented groups who might not normally attend cultural events.

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QUEERCIRCLE LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

Sample of workshops and feedback:

A course in partnership with qUCL (University College London LGBTQ+ Network) to make academia more accessible:

“Thank you for doing this. quite an empowering program. I came out of it more enlightened, more curious and inspired.”

A four week course, Glad to be Clay, brought together four artists who use clay:

“The tutor was wonderful, very knowledgeable and widely researched. The atmosphere was so nice too. I really appreciate having access to events like this that are free, accessible and inclusive.”

We have also developed programmes specifically for a community's needs. As mentioned above, when hosting the Museum of Transology, we developed skills based programmes for their volunteers to better resource their organisation moving forward.

“The photography course gave me a lot of information in the simplest, easy to understand way! It changed my way of understanding camera settings and I use it much more comfortably now. It was great to learn the specifics of archival photography and tethering which will be useful after our UK collecting at MoT and for future projects.”

We deepened our relationship with United Queerdom - a Russian speaking LGBTQ+ migrant/refugee group (predominantly from Ukraine and Russia). Originally just a host for the group to meet socially, we have since provided resources and funding to deliver learning activities based on their needs.

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QUEERCIRCLE LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

Research

Following an intense first year of learning, research has emerged as a key driver for what we do at QUEERCIRCLE in a number of different ways. Funding from the National Lottery has allowed us to tailor evaluation across our arts and health programmes, qualitative and quantitative. Funding from Propel has allowed us to explore how best to facilitate systemic change within a wider ecology of community partners and social justice movements.

We have been positioned as a thoughtful contributor to the field of creative health for queer people. The updated 2023 Creative Health Strategy by All Party Parliamentary Group mentioned LGBTQ+ people for the first time - referencing our Queering Creative Health Report 2023. Our inclusion demonstrates how our local approach can have an impact on policy at a national level.

The Queering Creative Health Network meets quarterly and includes artists and participants in our programme, health professionals, funders, academics and the public sector; providing an opportunity to share knowledge based on lived and professional experience.

Building on the success of this network we established the Queering the Arts Network. Naturally, the scope of networks cross over at times, leading to QUEERCIRCLE growing into a hub for new and strengthened cross-sector networks to collaborate, share and disseminate innovative community-informed/led, intersectional research.

This discourse contributes to internal research and that carried out by external partners leading to wider, community informed knowledge. Through this research, the benefits of creative health for LGBTQ+ will become clearer, with community-informed strategies and recommendations for a more inclusive system shared across the arts, health and public sectors.

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QUEERCIRCLE LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

Contributors:

Adham Faramawy Gemma Lucas Rafal Zajko
Ajamu X Jose Funnell Rudzani Moleya
Alexis Gregory Keith Jarrett Shakthi Nataraj
Alison Wren Kelly Wu Terence Wilde
Amar Parkinson Kit Green Roberto Tovar
Anka Dabrowska Lady Kitt Rona Luo
Annie Raw Leah Lovett Sadiya Abjani
Bilansu Lo Marshall Saint Akua
Bisila Noha Lou Brown Sarah Pletts
Brooke Palmieri Lu Wilson Sarah Schulman
Charlene Frost Meg-John Barker Shanay Neusum-James
Chloe Asker Mícheál McCann Simon Lock
Claye Bowler Michaela Yearwood-Dan Stef Garasto
Dan Glass Nando Messias Sunil Gupta
Daniel Regan Niya B Ted Brown
David Nash Oluwaseun Olayiwola Teresa Margolles
David Shenton Ona Tzar Tomara Garrod
Eve Stainton Peter Scalpello Tony Collins-Moore
Eli Delbaere Phoebe Eustance Troy Cabida
Elias Jahshan PJ Annand Uz Ufzal
Florence Peake Polly Maxwell Zinzi Minott
Gayathiri Kamalakanthan Prem Sahib

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QUEERCIRCLE LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

Organisations we have partnered with and/or provided free space:

ACT UP Museum of Transology Apropos Agency Not a Phase Arts and Health Hub Now Gallery Beyond Equality Opening Doors Bishopsgate Institute Otherness Archive Bittersweet Review Paul Mellon Center Communal Clay Performing Medicine Culture Access People’s Props FORT Photography Foundation Fossil Free Pride Polari Press Fourteen Poems qUCL FRIEZE Queer as Fungi Friends of the Joiners Arms Queer Death Cafe Gendered Intelligence Queer Night Pride Gender Swap Queer Youth Art Collective Greenwich Ecology Center Rainbow Mind Happenstance Films Riposte House of Juicy Couture Sarabande Studios London Arts and Health Shooters Hill Sixth Form London Art Fair SketchSesh London Fossil Free Pride Step Forward LGBTQ+ Youth London Queer Mart Stop the Silvertown Tunnel Metro T Girls on Film Micro Rainbow This is my Culture Mind Tower Hamlets Carers Centre

Trans Chorus University College London United Queerdom

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QUEERCIRCLE LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

Financial review

The results of the period to 31 May 2024 are set out in the statement of financial activities. Incoming Resources for the year are £431,695 (for the period to 31 May 2023: £302,248). Resources Expended are £399,055 (for the period to 31 May 2023: £332,480).

For the period ended 31 May 2024, Queercircle shows a net surplus of £32,640 (for the period to 31 May 2023: net deficit of £30,232). As at 31 May 2024 Queercircle had net assets of £81,234 (31 May 2023: £48,594) with net current assets of £69,703 (31 May 2023: £32,810).

Unrestricted funds of the charity amount to £64,217 (31 May 2023: £25,645) which make up the General reserves fund. Restricted funds amounted to £17,017 at 31 May 2024 (31 May 2023: 22,949).

Policy on reserves

The Trustees assessed the minimum desirable level of unrestricted funds would be equivalent to three months of unrestricted expenditure on artistic programme, support and staff costs. Across 2023/24, the Charity will look to allocate unrestricted surplus to its general reserves.

The Trustees will continue to keep the Charity's financial position under review to ensure that freely available reserves are sufficient to meet its working requirements.

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QUEERCIRCLE LIMITED

TRUSTEES’ ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

Structure, governance and management

The Trustees are responsible for keeping proper accounting record 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).

The annual report was approved by the trustees of the charity on 04 December 2024 and signed on its behalf by:

Gemma Rolls-Bentley Wilde

Trustee

Jane Ryan Trustee

Laura Hensser Trustee

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QUEERCIRCLE LIMITED

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

FOR THE YEAR ENDED 31 MAY 2024

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:

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 04 December 2024 and signed on its behalf by:

Gemma Rolls-Bentley Wilde Trustee

Jane Ryan Trustee

Laura Hensser Trustee

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QUEERCIRCLE LIMITED

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF QUEERCIRCLE LIMITED

I report to the charity trustees on my examination of the financial statements of Queercircle Limited (the charity) for the year ended 31 May 2024, which comprise the Statement of Financial Activities, the Summary Income Expenditure Account, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. Accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

  2. The financial statements do not accord with those records; or

  3. The financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. The financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understand of the financial statements to be reached.

John Sadler

Sadler Advisory Limited, 68 Ambergate Street, London SE17 3RX

Dated 04 / 12 / 2024

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QUEERCIRCLE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MAY 2024

Notes
Income and endowments
from:
Donations and legacies
2
Total
Expenditure on:
Charitable activities
3
Other
4
Total
Net gains on investments
Net income
5
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
2024
£
130,365
130,365
32,282
59,511
91,793
-
38,572
-
38,572
-
38,572
25,645
64,217		 Restricted
funds
2024
£
301,330
301,330
53,588
253,674
307,262
-
(5,932)
-
(5,932)
-
(5,932)
22,949
17,017		 Total funds
2024
£
431,695
431,695
85,870
313,185
399,055
-
32,640
-
32,640
-
32,640
48,594
81,234		 Total funds
2023
£
302,248
302,248
87,146
245,334
332,480
-
(30,232)
-
(30,232)
-
(30,232)
78,826
48,594

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QUEERCIRCLE LIMITED

SUMMARY INCOME AND EXPENDITURE ACCOUNT

FOR THE PERIOD ENDED 31 MAY 2024

Income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net (loss)/income before tax for the year
Net (loss)/income for the year		 2024
2023
£
£
431,695
302,248
431,695
302,248
387,696
326,272
11,359
6,208
399,055
332,480
32,640
(30,232)
32,640
(30,232)

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QUEERCIRCLE LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2024

Notes
Fixed assets
Tangible assets
7
Current assets
Cash at bank and in hand
Debtors
8
Inventory
9
Creditors: Amounts falling due within one year
10
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
11
Unrestricted funds
General funds
11
Reserves
Total funds
11		 2024
£
11,531
11,531
121,655
11,952
2,703
136,310
(66,607)
69,703
81,234
81,234
81,234
17,017
17,017
64,217
64,217
81,234		 2023
£
15,784
15,784
52,864
24,561
2,457
79,882
(47,072)
32,810
48,594
48,594
48,594
22,949
22,949
25,645
25,645
48,594

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QUEERCIRCLE LIMITED

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MAY 2024

These accounts have been prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.

For the period ended 31 May 2024 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 04 December 2024 and signed on its behalf by:

Gemma Rolls-Bentley Wilde

Trustee

Jane Ryan

Trustee

Laura Hensser

Trustee

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QUEERCIRCLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

1 Accounting policies

Charity information

Queercircle Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 0.1, Building 4, 3 Barton Yard, Soames Walk, Design District, Greenwich, SE10 0BN. The company is a public benefit entity.

1.1 Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

1.2 Fund accounting

Unrestricted funds

These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds

These are unrestricted funds earmarked by the trustees for particular purposes.

Revaluation funds

These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.

Restricted funds

These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

1.3 Income

Recognition of income

Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related expenditure

Where income has related expenditure the income and related expenditure is reported gross in the SoFA.

Donations and legacies

Voluntary income received by way of grants, donations and gifts is included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income.

Tax reclaims on donations and gifts

Income from tax claims is included in the SoFA at the same time as the gift/donation to which is relates.

Donated services and facilities

These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material.

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QUEERCIRCLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

1.3 Income (continued)

Volunteer help

The value of any volunteer help received is not included in the accounts.

Investment income

This is included in the accounts when receivable

Gains/(losses) on revaluation of fixed assets

This includes any gain or loss resulting from revaluing investments to market value at the end of the year. Gains/(losses) on investment assets

This includes any gain or loss on the sale of investments.

1.4 Expenditure

Recognition of expenditure

Expenditure is recognised on an accrual basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on raising funds

These comprise the costs associated with attracting voluntary income, fundraising costs and investment management costs.

Expenditure on charitable activities

These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs.

Grants payable

All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs

These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure

These are support costs not allocated to a particular activity.

1.5 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.6 Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Plant and machinery - 25% straight line

Computer equipment - 33% straight line

1.7 Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepared net of any trade discounts due.

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QUEERCIRCLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

1.8 Cash and cash equivalents

1.9 Trade and other creditors

1.4 Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

1.5 Receipt of donated goods, facilities and services

Grant Income
Donations
Corporate Income
Earned Income
Other Revenue
Total		 Unrestricted
2024
£
-
12,153
13,843
36,736
67,633
130,365		 Restricted
2024
£
301,330
-
-
-
-
301,330		 Total
Total
2024
2023
£
£
301,330
104,822
12,153
91,226
13,843
87,720
36,736
18,480
67,633
-
431,695
302,248

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QUEERCIRCLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

3
Expenditure on charitable activities
Expenditure on charitable acitivities
Exhibition costs
Artist fees
Programme costs
Special event costs
Other direct expenses
Merchandise costs
Total
4
Other expenditure
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, (profit)/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
Marketing Costs
Total
5
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets		 Unrestricted
2024
£
24,573
1,600
300
4,912
-
897
32,282
Unrestricted
2024
£
8,218
2,822
24,566
5,152
8,415
-
10,338
59,511		 Restricted
2024
£
3,913
-
49,675
-
-
-
53,588
Restricted
2024
£
199,381
-
32,377
-
11,415
10,201
300
253,674
2024
£
11,360		 Total
2024
£
28,486
1,600
49,975
4,912
-
897
85,870
Total
2024
£
207,599
2,822
56,943
5,152
19,830
10,201
10,638
313,185		 Total
2023
£
23,219
22,740
27,326
11,547
1,402
912
87,146
Total
2023
£
155,304
4,965
25,293
14,416
14,282
27,175
3,899
245,334
2023
£
6,208

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QUEERCIRCLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

6 Staff costs

No employee or trustee received emoluments in excess of £60,000. There were six full time equivalent employees (2023: six).

7 Tangible fixed assets

Cost or revaluation
Opening balance as at 1 June 2023
Additions
As at 31 May 2024
Depreciation and impairment
Opening balance as at 1 June 2023
Additions
As at 31 May 2024
Net book values
As at 31 May 2024
Debtors
Accounts receivable
Prepayments
Other receivables		 Plant and
machinery
£
19,034
-
19,034
5,012
4,365
9,377
9,657
2024
£
9,260
2,692
-
11,952		 Computer
equipment
£
2,957
899
3,856
1,195
787
1,982
1,874		 Total
£
21,991
899
22,890
6,207
5,152
11,359
11,531
2023
£
4,519
2,976
17,066
24,561

28

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QUEERCIRCLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

9
Inventory
Inventory at cost
10
Creditors
Other taxes and social security
Other creditors
Accruals
Income in Advance
11
Movement in funds
Restricted funds:
Restricted income funds:
National Lottery
City Bridge Trust
London Community Foundation
Royal Borough of Greenwich - ACL
Royal Borough of Greenwich -
Warm Spaces
Total
Unrestricted funds:
General funds
Total funds		 At 1 June
2023
£
-
-
-
22,949
-
22,949
25,645
48,594		 Incoming
resources
£
194,325
36,375
11,880
55,750
3,000
301,330
130,365
431,695		 2024
£
2,703
2,703
2023
£
2,969
11,064
1,584
50,990
66,607
Resources
expended
£
(180,069)
(33,614)
(11,880)
(78,699)
(3,000)
(307,262)
(91,793)
(399,055)		 Gross
transfers
£
-
-
-
-
-
-
-
-		 2023
£
2,457
2,457
2022
£
2,393
7,803
36,876
-
47,072
At 31 May
2024
£
14,256
2,761
-
-
-
17,017
64,217
81,234

29

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QUEERCIRCLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2024

12 Analysis of net assets between funds

Fixed assets
Net current assets
Total
13
Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
11,531
52,686
64,217
At 1 June
2023
£
52,864
52,864
52,864		 Restricted
funds
£
-
17,017
17,017
Cash
flows
£
68,791
68,791
68,791		 Total
£
11,531
69,703
81,234
At 31 May
2024
£
121,655
121,655
121,655

30

Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1

Queercircle Limited - Accounts 2023-24 - Signature required Queercircle_Limit...__04-12-2024_.pdf fce7bd039b47c90df4f95f376e02494d463945b1 DD / MM / YYYY Signed

04 / 12 / 2024 Sent for signature to John Sadler (john@sadleradvisory.com),
11:29:28 UTC Laura Hensser (laurahensser@googlemail.com), Jane Ryan
(j.ryan@bhattmurphy.co.uk) and Gemma Rolls-Bentley Wilde
(gemmarollsbentley@gmail.com) from livio@sadleradvisory.com
IP: 188.214.8.112
04 / 12 / 2024 Viewed by Jane Ryan (j.ryan@bhattmurphy.co.uk)
11:31:18 UTC IP: 217.138.182.210
04 / 12 / 2024 Signed by Jane Ryan (j.ryan@bhattmurphy.co.uk)
11:32:12 UTC IP: 217.138.182.210
04 / 12 / 2024 Viewed by John Sadler (john@sadleradvisory.com)
14:04:37 UTC IP: 60.241.73.64
04 / 12 / 2024 Signed by John Sadler (john@sadleradvisory.com)
14:05:34 UTC IP: 60.241.73.64

Queercircle Limited - Accounts 2023-24 - Signature required Queercircle_Limit...__04-12-2024_.pdf fce7bd039b47c90df4f95f376e02494d463945b1 DD / MM / YYYY Signed

05 / 12 / 2024 Viewed by Laura Hensser (laurahensser@googlemail.com)
13:20:28 UTC IP: 51.198.2.90
05 / 12 / 2024 Signed by Laura Hensser (laurahensser@googlemail.com)
13:21:42 UTC IP: 51.198.2.90
17 / 12 / 2024 Viewed by Gemma Rolls-Bentley Wilde
14:30:18 UTC (gemmarollsbentley@gmail.com)
IP: 31.94.18.245
17 / 12 / 2024 Signed by Gemma Rolls-Bentley Wilde
14:30:46 UTC (gemmarollsbentley@gmail.com)
IP: 31.94.18.245
17 / 12 / 2024 The document has been completed.
14:30:46 UTC