DERBY QUAD LIMITED
Registered charity 1115546 · accounts filings on the Charity Commission register · also known as DERBY VISUAL ARTS AND MEDIA CENTRE LIMITED
The principal activity of the charity is the promotion of, education in, development of and appreciation of the arts
Causes: Education/training · Arts/culture/heritage/science · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves are in a deficit of £294,031, which is below the charity's stated policy target of three months' net operating costs (approximately £300,000). Per the trustees' report, the organization faces material uncertainties regarding its ability to continue as a going concern due to challenging reserves and cash headroom, although the financial statements are prepared on a going concern basis.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Largest income source: Arts Council England (24% of income)
“Arts Council England 466,176”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £-294k; policy: three months net operating costs in unrestricted reserves)
“The current unrestricted undesignated reserves balance is in £294,031 deficit (2024: £56,399 surplus).” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“Whilst this work continues, the Trustees have therefore concluded that certainly during the first half of the forecast period - there are matters that indicate the existence of material uncertainties which may cast significant doubt about the Company’s and/or Group’s ability to continue as a going concern.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: K McLay is a director of University of Derby Theatre Limited, Derby Museums and Derby Book Festival and a Trustee of Derby Quad Limited. During the year the charity incurred expenses to the value of £4,630 (2024: £7,473) and received income to the value of £2,700 (2024: £3,560). The charity had creditors due of £Nil (2024: £1,086) and had amounts receivable of £2,500 (2024: £Nil).
“K McLay is a director of University of Derby Theatre Limited, Derby Museums and Derby Book Festival and a Trustee of Derby Quad Limited. During the year the charity incurred expenses to the value of £4,630 (2024: £7,473) and received income to the value of £2,700 (2024: £3,560). The charity had creditors due of £Nil (2024: £1,086) and had amounts receivable of £2,500 (2024: £Nil).” — page 40
Per its FY2025 accounts as filed with the Charity Commission.
Accounts audited by Bates Weston Audit Ltd. Discloses 5 of 6 completeness components.
Public fundraising profile: JustGiving — Derby Quad (matched by registered charity number).
Property (HM Land Registry)
2 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Public profiles (found on the charity’s own website): facebook · instagram
Structured financials (annual return, FY ending 31/03/2025)
Cost of raising funds
£482k
Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Charitable activities (78% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 25.1% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).
- Mark Gregorychair · trustee of 1 other charity
- Ashok Venkatesh
- Charlotte Sexton
- Helen ST CYR
- Jason Howard Luke
- Luke Earle
- Paula Da Costa Gomes
- Prof Keith McLay
- Rebecca Goldsmith
- Robbie Jones
Trustee list from the Charity Commission register (current, not historical).
Operates in: Derby City · Derbyshire
Income and spending
Common questions
Is DERBY QUAD LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves are in a deficit of £294,031, which is below the charity's stated policy target of three months' net operating costs (approximately £300,000). Per the trustees' report, the organization faces material uncertainties regarding its ability to continue as a going concern due to challenging reserves and cash headroom, although the financial statements are prepared on a going concern basis. Its FY2025 accounts were audited by Bates Weston Audit Ltd.
Who funds DERBY QUAD LIMITED?
Funders whose own accounts filings name DERBY QUAD LIMITED as a grant recipient include PAUL HAMLYN FOUNDATION.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
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Side by side with its peers
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