DERBY QUAD LIMITED
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.
What the accounts disclose
“The current unrestricted undesignated reserves balance is in £294,031 deficit (2024: £56,399 surplus).” — page 8
“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
“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
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Mark Gregorychair
- Ashok Venkatesh
- Charlotte Sexton
- Helen ST CYR
- Jason Howard Luke
- Luke Earle
- Paula Da Costa Gomes
- Prof Keith McLay
- Rebecca Goldsmith
- Robbie Jones
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.9m | £2.2m |
| 31/03/2024 | £2.5m | £2.5m |
| 31/03/2023 | £2.4m | £2.7m |
| 31/03/2022 | £2.5m | £2.4m |
| 31/03/2021 | £2.2m | £1.9m |
Common questions
Is DERBY QUAD LIMITED financially healthy?
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.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 10/11/2022 | £81k | "Dancing Through Time: from Pop to Punk in the City of Derby" |
| The National Lottery Heritage Fund | 22/06/2016 | £46k | "FORMAT International photography festival exhibition of WW Winter Photography" |
| The National Lottery Heritage Fund | 28/04/2008 | £32k | "Giants of Derby" |