## **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)**
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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||
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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|
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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**
- 0.1, Building 4 3 Barton Yard, Soames Walk, Design District, Greenwich, SE10 0BN
## **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:
- 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
A. Joiner Director
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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:
- providing a safe environment in which LGBTQ+ people may connect, create and build a sense of community;
- supporting the production and presentation of art by LGBTQ+ artists;
- creating opportunities for the public to access and engage with LGBTQ+ arts and culture;
- promoting respect for LGBTQ+ diversity and cultural expression;
- creating opportunities for international cultural exchange and interaction between LGBTQ+ artists;
- strengthening links between culture and health to promote the mental well-being of LGBTQ+ people;
- addressing inequalities relating to cultural identity, social justice and human rights;
- increasing diversity in the cultural and creative sectors by helping to create education, work experience and wider career and employment opportunities for LGBTQ+ people.
## **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.
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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:
- The provision of our public facing venue at the Design District in North Greenwich, London. With 12-6pm opening hours (as a minimum) 6 days a week, Tuesday-Sunday.
- Maintained visitor numbers of approximately 6,000 people and increased the percentage of those participating in free activities from 60% to 73%.
- Increased average time spent at Queercircle to 3 hours and return visitors to 75%
- Commissioned 2 exhibitions in our main gallery: Zinzi Minott, and Rafal Zajko.
- Experimented with how we use our spaces. Converting our gallery into a rehearsal studio and our library into a studio to support Teresa Margolles and the production of her 4th Plinth Commission, London.
- Programmed free learning activities - mostly consisting of 4 week evening courses and one-off activities. These included new partnerships and those developed in 2022/23 to deliver creative workshops such as poetry writing; and courses for specific communities such as “How to integrate into British society” for LGBTQ+ migrants.
- Expanded our health and wellbeing programme to include a Trans Youth Group, Weekly Make Time activities and a monthly online service for queer carers.
- Expanded the Queering Creative Health Network, consisting of artists and participants of our programme, health professionals, academics, funders and the public sector. (Partners listed below)
- Established a new Queering the Arts Network and a research group across these networks.
- Research has evolved to be a key area of work. We commissioned 6 pieces of research on topics such as Ethical Data, Critical Crafts and to assess the organisation transition we’ve made based on our learning.
- Off Site we delivered a partnership with Frieze - hosting 8 tours of the fair featuring LGBTQ+ artists, and welcoming over 200 participants - and delivered workshops at Tate Britain as part of their Queer and Now Festival.
- On average we provided 40 hours of free space provision per month to other LGBTQ+ partner organisations to deliver their own programming, ranging from workshops, discussions, talks and performances. (Partners listed below)
- Secured 5-year funding from the National Lottery Reaching Communities Fund, funding from Propel (administered through City Bridge Trust) to explore and evaluate new ways of working and received renewed funding from Royal Borough Greenwich for our Adult Community Learning. .
- Continued our commercial partnership with Avant Arte to produce limited edition prints with a percentage of proceeds supporting Queercircle’s programme;
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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.
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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
- - September December 2023: Rafal Zajko Clocking Off
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.
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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.”_
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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:
- Increase positive social experiences, build new relationships leading to reduced social isolation;
- increased positive emotions, such as optimism, hope and enjoyment for the future;
- increased self-esteem and sense of identity.
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:
- Establish a Trans* specific space and networks - building links across groups
- Provide mental health support - to affirm Trans* culture and identities.
- Increase Trans* representation and access to Trans* history and culture
- Create resources by Trans* people to improve healthcare and education provisions for Trans* people.
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.
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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.
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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.
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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||
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
**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.
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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
17
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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:
- 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 04 December 2024 and signed on its behalf by:
Gemma Rolls-Bentley Wilde Trustee
Jane Ryan Trustee
Laura Hensser Trustee
18
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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
19
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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|
20
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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)|
|---|---|
21
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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|
22
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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
23
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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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Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
## **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.
25
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
**QUEERCIRCLE LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MAY 2024**_
## **1.8 Cash and cash equivalents**
- Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
## **1.9 Trade and other creditors**
- Short terms creditors are measured at the transaction price. Other creditors and provision are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **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**
- All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
- **2 Income from donations and legacies**
|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|
|---|---|---|---|
26
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
**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|
27
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
**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|
- **8 Debtors**
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Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
**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
Doc ID: fce7bd039b47c90df4f95f376e02494d463945b1
**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||