QUENCH GALLERY C.I.C.

Company limited by guarantee

Company Registration Number:
13795159 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 31 December 2022

End date: 31 December 2023

QUENCH GALLERY C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

QUENCH GALLERY C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2023

2023 13 months to 30 December 2022


£

£
Turnover: 62,479 49,577
Cost of sales: ( 77,004 ) ( 55,183 )
Gross profit(or loss): (14,525) (5,606)
Administrative expenses: ( 24,743 ) ( 19,786 )
Other operating income: 39,334 25,330
Operating profit(or loss): 66 (62)
Profit(or loss) before tax: 66 (62)
Profit(or loss) for the financial year: 66 (62)

QUENCH GALLERY C.I.C.

Balance sheet

As at 31 December 2023

Notes 2023 13 months to 30 December 2022


£

£
Current assets
Cash at bank and in hand: 20,465 21,773
Total current assets: 20,465 21,773
Creditors: amounts falling due within one year: 3 ( 20,462 ) ( 21,835 )
Net current assets (liabilities): 3 (62)
Total assets less current liabilities: 3 ( 62)
Total net assets (liabilities): 3 (62)
Members' funds
Profit and loss account: 3 ( 62)
Total members' funds: 3 (62)

The notes form part of these financial statements

QUENCH GALLERY C.I.C.

Balance sheet statements

For the year ending 31 December 2023 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 25 April 2024
and signed on behalf of the board by:

Name: G Oliver
Status: Director

The notes form part of these financial statements

QUENCH GALLERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

QUENCH GALLERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 13 months to 30 December 2022
    Average number of employees during the period 0 0

QUENCH GALLERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Creditors: amounts falling due within one year note

2023 13 months to 30 December 2022
£ £
Trade creditors 2,900
Accruals and deferred income 18,142 15,401
Other creditors 2,320 3,534
Total 20,462 21,835

COMMUNITY INTEREST ANNUAL REPORT

QUENCH GALLERY C.I.C.

Company Number: 13795159 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

Quench Gallery is and artists-led gallery and workshop space in Margate. We aim to bring a diverse range of local and worldwide talent to Margate. This year our education programme for young people we focused on outreach with local SEN schools and community groups making sure the programme was accessible to the people that needed it most. Our exhibition programme extended to events that were free and low cost for local residents and we started to build more video content online to reach our increasingly worldwide audience in an accessible way. We offer school and university tours by appointment and this has been increasingly popular. Footfall also increased for the exhibition programme, private views and events.

Consultation with stakeholders

Our stakeholders include exhibiting artists, funders, participants, local schools and youth cubs and our local community who we are in regular contact with. Our social media reach has doubled and we have opportunities to feedback at exhibitions, workshops and online to make sure we are in line with our communities needs and can adapt and improve the delivery of our programme and core educational offering.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
25 April 2024

And signed on behalf of the board by:
Name: G Oliver
Status: Director