SPACE2 LEEDS
(A company limited by guarantee)
REPORT AND UNAUDITED FINANCIAL STATEMENTS
Y8ar ended: 31 March 2024
Charity no: 1105268
Company no: 4930452

SPACE2 LEEDS
(A Company Limited by Guarantee)
Tru8tee8' Report
31 March 2024
The trustees are pleased lo present thelr 8nnLJal trustees, report together with the financial
statements of the charity for the year endlng 31 March 2024 whlch are also prepared to meet
the requirements for a dlrectors, report and accounts for Companies Act purposes.
The financlal statements comply wlth Ihe Charlties Act 2011, the Companies Act 2006, the
Memorandum and Arllcles of Assoclatlon, and Ihe Charities Statement of Recommended
Practlce {"Charltles SORP.) (appllcable to charities preparing their accounts In accordance
with the Financial Reporting Standard applicable In the UK and Republic of Ireland; FRS 102)
issued in October 2019.
OUR PURPOSES AND ACTIVITIES
Purposes and Alms
The company's objects and principal actlvltles are to..
Promote and advance education by the encouragement of the arls.
Provide leisure and recreational facllltles for the benefit of the public in the Interests of
Social welfare with the object of improving thelr condlllons of Ilfe.
How our Actlvltles dellver Publlc Beneflt
In shaping our objectives for the year and planning our actlvltles we have considered the
Charity Commission's guidance on public benefit, includlng the guldance "public beneflt-
running a charity {PB2)" at our trustoes. me8tings. We target disadvantaged communities and
vulnerable people and their famllies to enable them to better participate In acllvities and
access services they would not normally be able to with a view to raising confidence, skills
and resilience, improving health outcomes and developing stronger communities.
ACHIEVEMENTS AND PERFORMANCE
This year has seen Space2 continue full provision of arts and creative activities in our local
community and across the city against the landscape of a post pandemic world facing
increasing cost of living and environmental crises, once again showing adaptablllty and
resilience, cementing its position at the heart of the community.
De8pIt8 the ever-changing funding landscape and increased competition Space2 Trustees
are able to report a financially stable year with a surplus in unrestricted funds of £9,619. This
surplus is destgnated to capital spends in 2024 to improve our hire space 'Th8 Old
Workshop,, to improve the facilities and increase potential room hires and associated income
for the next rinancial year and beyond.
We have been able to reach over 4,000 people through our activities and events, off&rlng a
diverse timetable of activities for people aged 8-80. Most excitingly we were able to r&turn to
Leeds Plsyhouse with our co-produced community showcase 'Ahead of the Wave,, bringing
together almost 200 local performers, many of whom had worked with Space2 frequently over
the last 20years, to ￿lebrate the 20th anniversary of Space2 and the joumey our co-found8rs
took from school broom cupboard to our own premises here at Gipton Fire Station.

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
Trustees, Report
31 March 2024
Arts and Health
We continued our work as part of the Men's Health Unlocked citywide men's health and
wellbelng project, In partnershlp wlth Forum Central, BARCA, Touchstone 8nd the Orion
Consortlum. We worked wlth partners to coproduce the second Northern Man Festival,. a
weeklong programme of activitles almed at raising awareness of men's health issues.
Culminatlng In a Saturday showcase at Leeds Playhouse which hosted a range of national
speakers In addltion to performancos and arts activities. The festival was a great success wlth
around 1,000 people participating In actlvlti6S throughout the week and 400 people altendlng
the Saturday showcase.
As parl of the Men's H8alth Unlocked work, wè also worked with local men and organisations
to produce the 'Unlocked zlng, which featured stories by and for the men of Leeds covering
wide range of health-relal8d issues, The zine was distributed via over 100 organlsations and
communty settings across tha City, reaching approximately 7,tx)o men.
Participatory Arts
In July 2023 w8 performed our co*roduGed community showcase with almost 200 local
people performing to a sell-out audierice at Leeds Playhousg. Ahead of th8 Wave captured
the work of Space2 and our ground-breaking approach to partlGipatory arts in our first 20
years. Wril8r, Mary Cooper, worked with community members to c¢icreate a story celebrating
Space2, reftecting the journey of the company, founders & community.
Our Young People's Arts Club entered its third and final year of funding and worked with a
core group of 8 local girls providing a safe space to meet after school and supporting them to
grow in confidenc8. The group visited arl venues Including Leeds Art Gallery, Temple
Newsam and Leeds Playhouse providing lots of inspiration for work created on the theme of
climate change and sustainability. Th@ group hav8 worked with several artists, each with a
very different approach to art practice and have explored a range of forms inGluding sculpture,
drawing, collage, textiles and painting. Their work was featured as parl of our 20th anniversary
tapestry exhibition and displayed on screen as part of 'Ahead of tha Wave.,
Arts and Community
Continued development of Meet Me At The Old Flre Slation {MMATOFS). a pathership
project with The Old Fire Slation and Zest to offer a 'one front door, approach to activities and
opportunities wlth different organisations at the Old Fire Station. The final year of the project
continued to build on the strengths of the work so far, with 40 active volunteers SUPPOrting the
activities of one or more parlner organisation, with over 25C/Tro volunteering with more than one
partner organisation. and 140 people attending a weekly activty with one or more partner
organisation8 at The Old Fire Stalion for at least slx weeks. Over 1,000 people attended
different communlty events run by partner organisations, including 'Fire Engine Day, family
fun day and a Heritage Open Day with a pop-up museum and tours18d by former fire fighter8.
In January we launchèd a Heritage Project in partnership wlth Leeds Beckett Universlty.
Building on our previous work working with local people to preserve and share the hlstory of
the Flre Service In Glpton, thls project will focus on the stories of women, producing a series
of online 'StoryMaps' giving a multimedia account of historical events, and a one-woman
tourlng show.
Our pathership development with Temple Newsam House has continued through our Thrive
group, including conversations and activities to r&visit its history in ways that bring relevan
to local communities and spotlight under-represented groups, stories and hidden truths about
its heritage.

SPACE2 LEEDS
(A Company Limifed by Guarantae)
Trustees, Report
31 March 2024
Arts and Soclal Justlce
Space2 has continued to develop and strengthen Its work with local people to address the
presslng needs of our communities, spotllghted and intensified by the pandemic and cost of
living crisls. It has again seen an increase In local people accessing our services and wanting
to volunteer to support their neighbours and wlder community,
Thanks to the Rank Foundalion and its Time to Shlne leadershlp programme we were able to
employ a Cllmate and Sustainability Intern, worklng alongside the senior leadershlp team to
review our environment and sustainabllity poll¢y, co-create a sustainability and climate
resilience strategy and develop and lead the Implementation of an action plan to make
Space2 flt for future, including developlng an ethlcal, sustainable, local focused pmcurem8nt
Policy and a community art resource Ilbrary.
As part of our Clothlng Rebèllion projecl, we have run several events and activltles which
have raised awareness of the environmental and soclal Impact of the fast fashion induslry and
promoted upcycling and clothing repair skills. These have been hugely popular and led to
sold out community fashion shows whlch have celebrated the diversty and skllls of local
people whilst encouraglng conversations around cllmate change and soclal Justice.
People's Panty, a volunteer-led initiative to bring affordable clothlng, homeware and fresh
food to local people. whilst responding to the cllmale crlsls has gone from strength to
strength. Our volunteerlgd pop up Shop8 delivered as part of thls work, provlded affordable
food and clothing to over 350 IoGal people over the course of the year, and providing a vital
first point of contact for local people to build trust and familiarlty with Spa￿2 and our wlder
programme.
Gipton Growers, volunteers who maintain the gardens at the Old Fire Station, now has over
20 regular volunteers, an increase of 50% pre-pandemic and the group is often volunteer led.
They grow produce for local people and are in discussion with the on-slte café to provlde
fresh food more regularly.
In October, we held a satellite event 'llluminated' as part of Leeds Light Night here at Gipton
Fire Station. Filled to the brim with light, sound and joy as we showcased projections outside
of the building, an interactive installation by Akeelah Bertrum, 'Return' was also presented as
well as interactive family art activities.
We have continued to work with Leeds University's Dr Joanne Amiitage, (Lecturer in Digital
Media). and Dr Helen Thornham (Associate Professor Digital Cultures) throughout 2023 with
an extension on the Include project - exploring Al technologies and the impacts of Al across
different communities. There were 3 workshops held in the Old Workshop which 8xplored
radical embroidery. chat bots, and pain; all linked to Al. We have been approached to b& part
of their nexl project 'Maker Spac88' which will explore approaches to making and creatlng.

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
Trustees, Report
31 March 2024
FINANCIAL REVIEW
Overview
The Company has had another stable year desplte the on-golng uncertalnty and fundraising
challenges. It would Ilke to thank the funders who have contlnued to support the organlsation
through this difficult time. The company is able to report a flnanclal surplus on the year of
£9,619 on unrestricted funds.
Leeds City Council offered additional funding to enable the organisatlon to support vulnerable
residents through the winter with warm spaces. VOUGhgrs for food and by providing Ilems to
stay warm at home.
Space2 through its Orion consortium public health contract was able to offer d8llvery that had
community development focus, recognising that the challenges faced by our communlties
have been exac8rbated by the impact of Covid19 and the ccY6t of living Grisls.
Principal Funding Source8
Space2 receives grant funding to contribul8 towards Slaffing and operational costs as well as
projects. We continue to secure grants from a range of sources to continue delivery of our
arts and social change programme. responding to the increa88d and changing needs of our
communities. These indude Arts Council, National Lottery Heritag8 Fund, National Lottery
Community Fund, Leeds Community Foundation and Rank Foundation.
A number of Trusls and Foundations contribute to running, development and activities costs.
Space2 has secured a number of small commissions and conlracts through Leeds City
councll.and as part of the Orlon consortium. has successfully secur8d a further >year
contract through the LCC Publlc Health Directorate Community Development Based Health
Improvement contract {Better Together) for E and NE Leeds.
We continued our consultancy work up to August 2023 this year. offering fundraising, project
development and buslness planning services to other third seclor and arts organisations.
Whilst thi5 makes a small contribution, It Is Important in generating unrestrictwj income
towards core running costs.
Investment Pollcy
Aslde from retaSnlng a prudenl amount In reserves each year most of the company's funds
are to be spent in the short term so there are few funds for long term investment. Under the
Memorandum and Articles of Assoclatlon the company has the power to make any
investment which the trustees see flt.
Reserves Pollcy and Golng Concern
The trustees have reviewed the companvs needs for reserves in line with the guidance
issued by the Charlty Commlssbn,
At 31 March 2024 there was an accumulated surplus on unrestricted general funds of
£79,640 and £10,000 on deslgnated funds. The company ultlmately Intends to hold
unrestrlcted reserves approximating to 4 to 6 months runnlng costs.
The trustees conslder that there are no material uncertsintles about the charktable company's
ablllly to contlnue as a golng concern.

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
Trustees. Report
31 March 2024
PLANS FOR THE FUTURE
We will continue the development of the five work programrn￿ named in our current business
plan. through further development of our distinctive creative practice co-produced with local
people.. whilst responding to Community need and aspirations and reflecting the need to focus
on climate justice locally and interlnationally.
Mlnd Body and Soul: Improving Cultural partlcipatory opportunitles for local people at
all stages of their Ilves and development of lnn0vatr￿e partnerships to improv8 health
and wellbelng of Ihose affected by health inequalilies.
Creatlng Change.. inspiring social action to address cllm8l8 Justlce Ihrough the power
of arts and storytelling.
Space2 Sustain.. focus on creative, tradltlonal crafts and upcycllng,- volunteer
skillslcommunily capacity, contributing to local, non-extractive economic dev81opment
including broadening Ihe reach of Clothing R8bellion with po*up shops and fashion
shows of UPGyGl8d Glothing aGross East Le8ds throughout the year highlightlng the
oost of fast fashlon. Supportlng Glpton Growers movlng lowards being volunteer led
increasing input and co-production from local people.
Growlng Volces: co-creatlng projects, performances and exhlbltlons with local people
to respond to their needs and foreground marglnalised and hldden storles.
Clty East Sides: developing a place-based partnershlp East Leeds Trlangle wilh East
Leeds Projecl (ELP) and Chapel FM to explore and define the culturally specific
Identlty of Inner East Leeds and sh8red herltage with other east sides of cities.
Developing strands of work..
Green Shoots: an approach to cllmate and environmental work which emphasizes
Joyful participation, shared decision maklng and communlty listenlng as an essential
element of making meaningful change. working with partners across the city and
testing the implementation of approaches such as doughnut economics at a
neighbourhood level.
We wlll bulld on the strengths of the partnershlp we have developed as parl of the Meet Me at
The Old Flre Station partnershlp, enhanclng the connection and collaboration between
people, organlsations arKI places in the Gipton nelghbourhood, creating more resilient and
Joyful communltl6s together.

SPACE2 LEEDS
(A Company Limited by Guarantee)
Trust888' Report
31 March 2024
REFERENCE AND ADMINISTRATIVE INFORMATION
Charlty Name:
Space2 Leeds
Charlty Regi8tratlon Number:
1105268
Company Reglstratlon Number:
4930452
Reglstered Office and
Operatlonal addre88:
The Old Flre Statlon
Gipton Approach
Leeds
LS9 6NL
Trustees
The trustees who have served during the year are:
Andrew Edwards
Katie Jane Hill
Paul Kaiserman
Richard Norton
Cllr Mohammed Shahzad
Catherine Walker
Jane Zanzotlera
(Resigned 28 September 2023)
(Resigned 28 February 2024)
Secretary
Sarah Tolkin
Dawn Fuller
(Appointed 6 July 2023)
(Resigned 6 July 2023)
Senlor Management Team
Sarah Tolkin
Paul Bat*er
Emma Goodway
Dawn Fuller
Emma Tregidden
Co-Director Business & Govemance
Co-Director Projects and Partnershlps
Co-Director Creative and Parllclpation
Joint CEO - Strategic
(Resigned 31 August 2023)
Joint CEO- Creative
(Reslgned 31 August 2023}
Independent Examiners
O'Brien & Co, Chartered Accounlants
31A Finkle Street
Selby
Y08 4DT
Banker6
Virgin Money

SPACE2 LEEDS
(A Company Limited by Guarant80)
Trustees, Report
31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng Document
The organlsatlon Is a charitable company limited by gusrantee, Incorporated on 13 October
2003 and reglstered as a charity on 3 August 2004. The company was established under a
Memorandum of Association which established the objects and powers of the charilable
company and Is governed under its Articles of Association. In the event of the company b8ing
wound up members are required to contribute an amount not exc8edlng £1.
Recrultment and Appolntmont to the Board of Tru8fees
The dlrectors of the company are al80 charity trustees for the purposes of charlty law. Under
the requirements of the Artlcles of Association one
third of trustees retlre by rotation
annually.
Due to the prlorltles of the company's work, children, thelr familles and community are a focus
for actlvlty. The company works specrfically through the arts and takes a creatlve approach to
its work with vulnerable individuals and dlsadvantaged communities. The board seeks to
ensure that the needs of these groups are appropriatety reflected through the diversity of
board members. Board members have conslderable skills and experience of working across
a range of arts, youth, education, health and community seltings. Other representation
includes finance and management skllls to ensure the most effective running of the company.
The board regularly undertakes a skllls audlt and in the event of particular skills being lost or
ngw skills being required, recruit through an approach to Individual to offer themselves for
oleGtion to the board.
Trustees, Induction and Tralnlng
Potential trustees are provided with an information pack detailing the legal and flnsncial
obligatiorTS of trustees and providing information regarding the elhos and actlvities of the
company. Following appolntment, th8 trustee receives an induction Information pack and
reGeives an introduction to tho company given by the chair of the board of Irustees and senior
management team.
Additionally, all twstees are asked to attend events and activities on a regular basis to
familiarise and update theTnselves with the company and the context withln whl¢h it operates.
Further training opportunities are offered through sessions run by other board members and
voluntary sector support organisations.
Organisational Structure
Space2 has a Board of 5 truslees who meet bi-monthly and are responslble for the strateglc
direction and policy of the Gompany. The trustees are from a variety of professlonal
backgrounds with strong representation from educatlon and communlty settlngs, relevant to
the work and skills needs of the company.
A scheme of delegalion is in place and day to day responsibility for the provision of the
services rests with the Co-Directors. The Co-Directors are responsible for ensuring that the
company deliver8 Ihe services specrfied and that key performance indicators are met. The
CfrDirectors cany out individual supervision of the staff team and also ensure that the leam
contlnue to develop their skills and working practices in line with good practice.

SPACE2 LEEDS
(A Company Limitad by Guarantee)
Trusta88' Report
31 March 2024
Related Partles
In so far as it Is complimentary to the company's objects the ￿MpanY contributes to looal
families and children's outcomes, Leeds Publlc Health broad health and wellbeing outcomes
and other relevant local and natlon81 pollcles. The company is a provider of a range of arts
and healthy living opportunitles for both children and adults to improve health outcomes,
social and educational attainmenl and facllltate community development. It contributes to
local action plan targets for economic regeneratlon and quality of life of community residents
as well as working strategically and in partnershlp wlth local organisations, particularly those
that are arts and culture based and young people, health and community focussed. It is also
a founding member of the Orion Consortlum, set up to deliver positive health outcomes and
redress health inequalities in Easl North East Leeds.
The Meet Me At The Old Fire Station partnershlp between Space2, GFS and Zest continues
to develop moving away from its pandemlo response to develop The Old Fire Statlon as a
community hub, based on community economlc development prlnciples, offering a one front
door approach with activities, supporl and resources for local people. A successful application
to Community Fund Partnerships has enabled further development for the forthcoming 3
years as Gipton Shared Futures.
Pay policy for 8enior staff
The board of trustees, who are the charitable company's tnjstees, and the senlor
management tsam compris8 the key management personnel of the charltable charlty In
charge of directing and controlling, running and operaling Ihe company on a day to day basls.
All director8 give of their time freely and no director received remuneralion or expenses in the
year.
T.he pay of th8 senior staff is.reviewed annually and normally increased in accordance with
average earnings of other organisations in the. communty sector of similar size run on a
voluntary basis.
Risk Management
The Trust8es have a risk management strdtegy that comprises:
An annual revlew of the principal risks thal the organlsatlon face.
A set of pollcles, procedures and systems to mitigal8 those risks identlfied In the
annual review.
Implementation of procedures designed to minimlse and manage any potential Impact
should those risk mat6rlalls6.
This work has identifi'ed that financial sustainability is a rlsk In the Increaslngly challenglng
environment for small chariti&s. A fundraising plan is in place to monltor matters and contlnue
to build reserves in lines wilh our Reserves Policy.
Bi-monthly Finance Sub-committee meetings monitor progress and seek to Identify new
income sources,

SPACE2 LEEDS
(A Company Limlted by Guarantee)
Trusteos, Report
31 March 2024
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The directors {who are director8 for the pu￿0$8 of Company Law and trustees for the
purpose of Charity Law) are responsible for preparing the Director's Report and the flnanclal
stalements in accordance with applicable law and th8 United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
Company Law requires the directors to prepare flnancial statements for each financlal year
which give a true and fair view of the state of the affalrs of tha charitable company and of the
incoming resources and application of resources, Including the income and expenditure, of
the company for that period. In preparing these financial statements the direclors are
required to..
select sultable accounting pollcles and then spply them consistently.
observe the methods and prlnciple8 in the Charities SORP.,
make judgements and estlmates that are reasonable and prudent",
slate whether applicable UK accounting standards have been followed. subject to any
material departures disclosed and explain8d in the financial statements..
prepare the financial statements on the golng concern basis unless It Is Inappropriate
to assume that the charitable company wlll contlnue In business.
The directors are responslble for keeping adequate accounting records that dlsclose with
reasonable accuracy at any tlme the financial position of the company and enable them to
ensure that the financial statements Gomply with Ihe Companies Aot 2006, They are also
r.esponsib18 for safeguarding the assets of the charitable company and hence ft)r taklng
reasonable steps for the prevention and detection of fraud and other Irregularltles.
The directors are responsibl8 for the maintenance and integrty of the corporate and financlal
Information included on the company's website. Legislation in the United Kingdom, governlng
the preparation and dissemination of financial statements, may differ from legislatlon In other
lurisdiclions.
Approved b th8 board of trustees on 18 July 2024 and signed on its behalf by..
RICHARD NORTON
Truste6

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
10
STATEMENT OF FINANCIAL ACTIVITIES
(lncludlng Incomo and expendlture account) for the year ended 31 March 2024
Unroslthted D6slgnal&
Funds
Furmts
Resffict
Funds
2024
Total
Funds
2024
Total
Funds
2023
2024
2024
Note
INCOP4lE
Donations
50
50
400
Income from Charitable Activities
210,204
371,667 581,871
625,074
Investment Income
37
37
Total Income
210,2g1
371,667 581,958
625,474
EXPENDITURE
Charitable Activities
200,672
377,375 578,047
663,816
Total Expendlture
200,672
377,375 578,047
663,816
Net Income l {expendlture)
for the year
9,619
(5,708)
3,911
(38,342)
Transfers between Funds
10,000
10,000
Not Movem8nt in Funds
(381)
10,000
(5,708)
3,911
(38,342)
Reconclllatlon of Funds
FUND BALANCES BIF
80,021
65,353 145,374
183,716
FUND BALANCES CIF
14
79,640
10,000
59,645 149,285
145,374
The statement of financial activities includes all galns and losses recognlsed in the year.
All incoming resources and resources expended derive from continulng activities.
The notes on page8 13 to 23 form part of these flnancial statements.

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
BALANCE SHEET
31 March 2024
2024
2023
note
FIXED ASSETS
Tanglble Assets
11
7,488
19,656
CURRENT ASSETS
Deblors
Cash at Bank & In Hand
12
38,977
131,189
170,166
40,962
118,051
159,013
LIABILITIES
Creditors falling due within one year
13
28,369
33,295
NET CURREKf ASSETS
141.797
125,718
TOTAL ASSETS LESS CURRENT LIABILITIES
149.285
145,374
FUNDS
Unrestricted Funds
Designated Funds
Restricted Funds
14
7g,640
10,000
59,645
80,021
65,353
149285
For the financial year ended 31 March 2024 the charftable wmpany was entitled to exemption from audlt under
secUon 477 Companles Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audlt of its accounts for th& year In
question in a￿￿rdance ￿th sectlon 476 of the Act.
The directors ackrvmtedge their responsibil ities for complying with the requirements of the Companies Act 2CXJ6
with respect to actountlng records and the preparation of account8.
These accounts have been prepared in accordan￿ ￿th the provisions appllcable to companies subject to the
small companies, reglme
The flnanclal statsments were approved by the Board of Directors on 18 July 2024 and signed on
ts behalf by:
RICHARD NO
Trustee
ON
Company no.. 4930452

SPACE2 LEEDS
{A Company Limited by Guarantee)
12
STATEMENT OF CASH FLOW
For Ihe year ended 31 March 2024
2024
2023
Note
Net cash generated from I
(absorbgd by) op9rating actlvltles.
17
13,101
(63,348)
Cash flow8 from investing a¢tivities
Interest Incom6
Purchase of tangible fixed assels
37
Cash used in Investing aGtivitiè8
37
Cash flows from flnanclng acti￿tIeS
Repayment of borrowings
Cash used In financlng actlvltles
Increase l(Decrea8e} in cash and cash
equlvalents In the year
13,138
(63,348)
Cash and cash equivalonts at tho
beginning of the year
118,051
181,399
Total cash and cash 8quival8nts at the
end of the year
131,189
118,051

SPACE2 LEEDS
(A Company Limiled by Guarantee)
13
NOTES TO THE FINANCIAL STATEMENTS
31 March 2024
ACCOUNTING POLICIES
The principal accounting policies are summarised below. The accounting policles have been applled
consistently throughout the year and in the precedlng year.
Basls of Preparation
The flnancial statements have been prepared In accordance with the Charlties: Statement of
Recommended Practice (applicable to charStles preparlng thelr accounts in accordan￿ with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued In
October 2019)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable In th&
UK and Republic of Ireland (FRS 102) and the Companles Act 2006.
Space2 Leeds meets the definitlon of a publ Ic benefit entity under FRS 102. Assets and
liabllitles are inilially recognised at h5storl¢al Cost or transactlon value unless otherwtse slated
In the relevant accounting wlicy notes.
Golng Concern
The trustees consider that there are no material uncertainties about the charltsble company's
ability to continue as a going concern. The truste@s do nol consider that there are any sources
of estimation uncertainty at the reporting dats that have a slgnlflcanl risk of causing a material
adjustmant lo the carrying amounts of assets and liabilities wiÉhin the next reporting perlod.
Income Recognltlon Pollcles
Items of income are recognised and included in th8 accounts then all of the following crlterla
are met:
The charity has entitlement to the funds;
any performance conditions attached to the item(s) of income hav8 been met or are fully
thin the control of the charlty.,
• there is sufficient certalnty that re￿Ipt of the Income is considered probable; and
the amounl can be measured reliably.
Donated Servlces and Facllltles
Donat￿ services or facilities are recognised as income when the charity has control over
the item, any condlllons assoclated with the donated item have been met, the receipt of
economlc beneflt from the use by the charity of the item is probable and that economic
benefit can be measured reliably. On reoeipt, donated services and facilities are recognised
on the basis of the value of the grft to the charity which is the amount the charity would have
been willing to pay to obtaln services or facilities of equivalent economlc beneflt on the open
market. a corresponding amount is then recognis&J in expenditure in the period of receipt.
Interest Recelvable
Interest on funds held on deposit is included when receivable and the amount can be
measured reliably by the charlty., thls Is normally upon notification of the interest paid or
payable by the Bank.

SPACE2 LEEDS
(A Company Limited by Guarantee)
14
NOTES TO THE FINANCIAL STATEMENTS {contlnued)
31 March 2024
ACCOUNTING POLICIES (contlnued)
Fund Accountlng
Unrestrlcted funds are avallable to spend on activities that further any of the purposes of
charlty. Deslgnated funds are unrestrlcted funds of the charily which the trustees have
declded at their discretion to set aside to use for a speclf Ic purpjse. Restricted f unds are
donations which the donor has Specifi￿ are to be solely used for particular areas of th8
charlty's work or for speclflc projects being undertaken by the charity.
Expenditure
Expenditure Is recognlsed once there is a legal or constructive obligation to make a payment
to a third party, it is probable that settlement will be required and the amount of the obligation
can be measured reliably.
Expenditure on Gharitable activities includes direct project costs, staff costs and their
associated supporl costs.
IrTecoverable VAT is charged as a cost against the activity for which the eXpendI￿re was
incurred.
Allocation of Support Costs
Support costs are those functions that assist the work of the charity but do not directly
undertake charltable actlvltles. Support costs include back office costs, finance, personnel,
payroll and governance costs which support the company's activities. The bases on which
support costs have been allocated are set out in note 6.
Tangible Fixed Assets
Individual fixed assets costing £1,000 or more are capitalis8d at cost and are depreciated over
their estimated useful economic lives on a straight line basis as follows:
Annual Rate
Equipment
250/0
Debtors
Trade and other debtors are r￿OgnIsed al the settlement amount due after any trade
discount offered. Prepayments are valued at the amount prepaid after taking accixjnt of any
trade discounts due.
Cash at Bank and In Hand
Cash al bank and cash in hand is in respect of bank balances.
Creditors and Provlslons
Credltors and provislons are r6¢0gnlsed where the charity has a present obl igation resulting
from a past event that wll probably result in the transfer of funds lo a third party and the
amount due to settle the obligation (%n be Measur￿ or estimated rellably. Creditors and
provisions are normally recognised at their settlement amount after allowing for any trade
discounts due.

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
15
NOTES TO THE FINANCIAL STATEMENTS (continued)
31 March 2024
ACCOUNTING POLICIES {contlnued)
Flnanclal Instruments
The charily only has financial assets and fSnan¢lal Ilabllltles of a kind that quallfy as baslc
financial instruments. Basic financial instruments are initially recognlsed at transaction value
and subsequently measured at thelr selllement value with the exception of bank loans which
are subsequently measured at the carrylng value plus accrued Interest less repayments.
Penslon Costs
The company has a defined Contrlbutlon Penslon Scheme. The penslon costs charged to the
Statement of Financial Activities are the premiums payable In resp8Ct of tha accountlng period.
Slgnlflcant Judgements and Estlmates
In applying its accounting policies the Gompany did not have to make any significant ludgements.
or estimates
LEGAL STATUS OF THE CHARITY
The charily is a company limited by guarantee and has no share capital. In the event of the
charlty belng wound up, the Ilablllty in respect of the guarantee is limited to £1 per member
of the charlty. At 31 March 2024 there were 5 members.
INCOME FROM CHARITABLE ACTIVITIES
UnrethCt￿ D8slgnat
Funds
Funds
2024
2024
R￿trfct
Funds
Tolal
Funds
2024
Total
Funds
2023
Grants
Fees and Other Income
110,671
99,533
371,667 482,338
99,533
506,539
118,535
210,204
371,667 581,871
625,074
INVESTMENT INCOME
Unre8trl¢ba 0￿Ign&t
Furbjs
FU￿
Restrl¢t&l
Funds
2024
Total
Funds
2024
Total
Funds
2023
2024
2024
Bank Interest
37
37

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
16
NOTES TO THE FINANCIAL STATEMENTS (contlnuod)
31 March 2024
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Arts &
Community Total
Prolects
2024
Total
2024
2023
ProJ8Cts
Staffing
Offi
Marketing
Premises
IT Costs
Depreclatlon
Support Costs (see note 6)
Governance Costs (see note 6)
224,459 224,459
197,315 197,315
48,869
48,869
5,938
5,938
27,228
27,228
10,029
10,029
12,168
12,168
46,281
46,281
5,760
5,760
578,047 578,047
274,324
250,824
41,493
378
27,106
14,498
12,583
37,110
5,500
663,816
The company undertakes one activity, that of arl8 and community projects.
ANALYSIS OF GOVERNANCE AND SUPPORT COSTS
The company initially identifies the costs of its support fvnctions. It then Identlfles thosg costs
which relate lo th8 governance function. The table below sets out the basls for apportionment
and the 8nalysls of ￿ppOrt and governance costs.
G￿eral
Support
Govern￿¢8
Funcoon
Total Basls of
Apportionment
staffing
Offl
Premlses
Independent Examinatlon
32,711
9,056
4,514
32,711 aGtU81 costs
9,056 pro rata
4.514 pro rata
5,760 8Ctuel costs
52,041
5,760
5,760
46,281
Analysls of Governance and Support Costs - previous year
Genwdl
Support
Govwnarnce
Funclk
Total Basis of
Apportionment
Staffing
Office
Premlse8
Independent Examlnatlon
28,648
5,367
3,095
28,648 actual Gosts
5,367 pro rat8
3,095 pro rata
5,500 actual costs
42,610
5,500
5,500
37,110

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
17
NOTES TO THE FINANCIAL STATEMENTS (continued)
31 March 2024
NET INCOME I (EXPENDITURE) FOR THE YEAR
Is stated after charging
2024
2023
Depr6¢lation
Independent Examlner
12,168
5,760
12,583
5,500
STAFF COSTS & NUMBERS
Staff costs were:
2024
2023
Wages & Salarles
Social Sewrlty Costs
Pension C08ts
212,953
10,684
6,389
230,026
256,041
15,824
7,607
279,472
No employees earned In excess of £60,000 p.a.
The average number of employees during the year. Ca1￿lated on the basis of full time equivalents,
was as follovvs..
2024 .
Number
2023
Number
Co - Directors l Joint CEOS
Admlnlstrdtlon & Communications
Project Managers and
Community Development Workers
10
13
Key Management Personnel
From 1 September 2023 the key management personnel comprise the trustees and Co- Dlrectors.
Prior to that the key management personnel were the truste8S, the joint CEOS, the Development
Programmes Manager, the Creatlve Programmes Manager and the Buslness & Facilities Manager.
No remuneratlon was paid to any tnjstees (2023: £nll).
No expenses were r61mbursed to trustees durSng the year (2023.. £nil).
The total emoluments of the key management personr￿1 (salaries, employer's NIC and pension
costs) during the year was £115,430 (2023: £156,629).
RELATED PARTY TRANSACTIONS
No trustee or other person related to the charitable company had any personal interest In any
contract or transactlon entered Into by the charitable company during the year (2023.. £Nil).

SPACE2 LEEDS
(A Company Llmitsd by Guarantee)
18
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
31 March 2024
10
TAXATION
As a charlty Spa￿2 Leeds is exempt from tax on Income and galns received within categorles
covered by Chapter 3 Part 11 Corporation Tax Act 2010 or s256 of the Taxation of Chargeable
Gains Act 1992 to the extent that the￿ are applled to its charitable objects. No tax charge has
arisen in the year.
11
TANGIBLE FIXED ASSETS
Equlpment
COST
At 1 April 2023
Additions
Disposals
At 31 March 2024
49,697
49,697
DEPRECIATION
At 1 April 2023
Charge for the year
On disposals
At 31 March 2024
30,041
12,168
42,209
NET BOOKVALUE
At 31 March 2024
7,488
At 31 March 2023
19,656
All fixed assets are used in direct furtherance of the company's objects.
At 31 March 2024 the company had made capital commitments of £nll (2023: £nll).
2024
2023
12
DEBTORS
Trade Debtors
38,977
40,g62
2024
2023
13
CREDITORS: amounts falling due ￿thin one year..
Trade Creditors
Donations & Grants Received In Advance
Taxatlon and Soclal Security
5,300
20,221
2,848
28,369
14,843
13,503
4,949
33,295

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
19
NOTES TO THE FINANCIAL STATEMENTS (continued)
31 March 2024
14
FUNDS
BIF
Incomlng ResouK8s Transfers
01.04.23 Resour￿8 Expended
CIF
31.03.24
Unrestrlcted Funds
General
80,021
210,291 200,672
10,000
79,640
D6signated Fund
Property Fund
10,000
10,000
R8strictod Funds
Arts Counclll England Capltal
Arts Councll England Cultural Recovery
ACE Show
Barber B
Jimbo's Fund
National Lottery Men
National Lottery Community Fund
Heritage Lottery Fund
Health Inequalities Fund
Le￿8 City Council
Leeds I nspired
Mohn Westlake Arts
Rank Foundation
Peter Spaffor
19,656
(134)
29,767
12,168
7,488
(134)
66,953 96,709
5,425
13,503
13,503
39,536
39,536
119,846 119,846
49,996
8,791
2,606
2,606
14,235
14,235
8,870
8,￿0
8,900
17,092
16,786
30,000
30,000
371,667 377,375
3,575
41,205
8,870
7,194
7,500
65,353
59,645
TOTAL FUNDS
145,374
581,958 578,047
0 149,285

SPACE2 LEEDS
(A Company Llmited by Guarantee)
20
NOTES TO THE FINANCIAL STATEMENTS (continued)
31 March 2024
14
FUNDS (contlnued)
Analysls of mov8mots Jn Funds- provlous year
BIF
Incoming Resources Transfers
01,04.22 Resources Expended
CIF
31,03.23
FUNDS
Unrestricted Funds
General
79,567
324,665 324,211
80,021
Designated Fund
Property Fund
Restricted Funds
Arts Councill England Capital
Arts Council England Cultural Recovery
Arts Council England
ACEICCG Thrivlng Communlties
Clarion House
National Lottery Community Fund
Health Inequalities Fund
Herltage Lottery Fund
Jimbo's Fund
Leeds City Council
Leeds Insplred
Mohn Westlake Arts
Rank Foundatlon
Peter Spafford
Sow@rby Foundation
31,824
(134)
12,168
19,656
<134}
29,767
34,767
s,￿0
4,9gg
12,405
3,755
3,755
4,104 120,620 124,724
58,000
58,000
10,(K)O
10,000
9,099
36,250
8,973
10,000
30,757
8,008
10,466
300,80g 339,605
9,099
36,250
8,870
8,973
10,(MJO
14,403
8,008
10,466
104,14g
8,870
23,548
7,194
TOTAL FUNDS
183,716
625,474 663,816
145,374
Purposas of Deslgnated Fund
Prope￿ Fund
Funds set asid6 to Improve our hlre space 'The Old Workshop,, to Improve the facilitles and increase
potential room hires.
Purposes of Restrlcted Funds..
Arts Councll England Capltal
To enable a bespoke refurbishment of the offlce areas and Old Workshop space Including improving
acoustics,. storage; fully accessible front door and IT kit for blended on-llne and on-site dellvery of
group actlvltles and Mee￿ngS.
Arts Councll England Cultural Recovery
To support financial suslainability and partnership development during the pandemlc wlth contributlon
to core runnlng costs and dellvery of a range of participatory arts sessions and an outdoor
installatlon,

SPACE2 LEEDS
{A Company Llmlted by Guarantee)
21
NOTES TO THE FINANCIAL STATEMENTS (continued)
31 March 2024
FUNDS (contlnued)
Purposes of Restricted Funds (continued)..
Art8 Council England
Contribution to our annual co-produced large scale community produotion, Ahead of the Wave, held
In July 2023, tslebrating the 20th anniversary of Space2, highlighling our Impact In East Leeds and
looking fomard to our ￿anS for the next 20 years In light of the ongoing environmental crisis.
Bart)er B
Money re￿1Ve￿ for Barber B to develop and clellver hls Leeds Inspired funded performance in 2024.
Project managed by spa￿2. The project has been granted an extension and adaptalions due to
Barber B's111 heallh and death.
Jimbo's Fund
To work ￿th women from acxoss East Leeds, using the 5 Ways to Wellbeing framework (Connect,
Be Active, Take Notice, Learn, Glve). To build confidence and skllls so that local women have an
increased sense of belonging and agency wthin their communitSes and to a¢￿5 servlces and
provlslon they need and want and also to support them around the cost of living crisis whlle
recovering from the pandemlc.
National Lottery Men
To work as part of the Men's Health Unlocked Project and Nelwork, delivering activities and events
which improve the health and wellbeing of men. To work with Zest to coordinate the development
of 'Unlocked', a 'zlne produced by and for men which raises awaren@ss of issues around men's
health and wellbeing and places to access support. To c(x)rdinale and Sup￿ 'manbassadors'
working with local busin&sses to encourage Ilght touch conversations atK)ut men's health. To
produce the Northern Man Feslival in July 2023 - a festival of activities and events hlghlightlng and
celebratlng men's health.
National Lottery Community Fund Partnerships
To develop Meet Me At The Old Flre Station creating a r￿ogniSed brarKJ across Inner East Leeds
and 'one front door, approach for actlvltles based al Gipton Fire Statlon {GFS) which Is co-produo8d
by and for local people.
Herltage Lottery Fund
To co-produce Gipton Story Maps wlth local people, fire community and ELFHG through oral
histories and archival r&8earch to create an onllne, user-friendly, interactive platform to Sh£￿ fire
herltage storles. To dlverslfy the range of histories available about the fire service and its
communitles, focusing on those women served In the Serv1￿ and the families of servlng
f irefighters. To engage new local people with the heritsge of TOFS and role of women In the fire
service.
Health Inequalities Fund
To fund two strands of work., Meanwood Men's group with activitles focused on delivering health
messages, reduclng health Inequallties and improving wellbelng of local men and Space 2 Sustain
to supporl the continued development of Clothing Rebellion and People's Pantry groups selling
affordable fo(xl and upcycled clothes whllst providing opportunities for social connection and support.

SPACE2 LEEDS
(A Company Limlted by Guarantee)
22
NOTES TO THE FINANCIAL STATEMENTS (continuod)
31 March 2024
14
FUNDS (contlnued)
Purposes of Rastrlcted Funds (contlnued)..
Leeds Clty Councll
Contribution to staffing costs and deliverlng actlvltles, includlng warm spaces and bespoke
wellbeing packs for adults in light of the cost-of-livlng crlsls.
Leeds Insplred
Contribution to our annual co-produced large sca16 community productlon, Ahead of the Wave,
held In July 2023, ￿lebratIng the 20th anniversary of Space2, highlighting our impaGt in East Leeds
and looking formrard to our plans for the next 20 year8 in light of the ongoing envlronmental crisls.
Mohn Westlake Arts
To establlsh a Chlldren and Young People's arts programme for Gipton to complement existing
provision, leading to a young people programming arts activity at The Old Workshop. It Indudes
contlnuatlon of The Old Fire Station Children's Choir and setting up a Young Peoplg's Arts Club
where young people can experlence a range of art-forms, working wlth different professional artists.
Rank Foundation
To fund a Tlme to Shlne Cllmate and Sustainability Intern January- De￿mber 2023, supported by
a range of training and development opportunities for the both the leader and the organizatlon.
Peter Spafft)rd
Money received for artist, Peter Spafford, to devdop and deliver his Arls Coundl funded Unsung
Sports Phase 1 and 2. project managed by Space2.
15
ANALYSIS OF NET ASSETS BETWEEN FUNDS
D95YJnal￿l
Funds
u￿r￿trICted
Re8trlct￿j
Total
2024
2024
2024
2024
Flxed Assets
Current Assets
Creditors.. due within one year
7.488
7,488
52,157 170,166
28,369)
59,645 149,285
108,009
28,369
79,640
10,000
10,000
Analysls of Net Assets between Funds - pr8vious year
D￿rnated
Funds
2023
Unreslricte
Reslrfcted
Total
2023
2023
2023
Fixed Assets
Current Assets
Creditors., due wlthln one year
19,656
19,656
45,697 159,013
33,295
65,353 145,374
113,316
33,295)
80,021

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
23
NOTES TO THE FINANCIAL STATEf¥qENTS (continued)
31 March 2024
FUTURE FINANCIAL COMMITMENTS
At 31 March 2024 the company has future operatlng lease Commltments of £71,938 (2023.. £73,500).
17
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW GENERATED BY
OPERATING ACTIVITIES
2024
2023
Net movement in funds
Add back depreciation charge
Less interest re￿iVed
Decrease l (Increase) In debtors
(Decrease) in creditors
Net cash generated from I
(absorbed by) operatlng actlvlties
3,911
12,168
(37)
1,985
(4,926)
(38,342)
12,583
{22,382)
{15,207)
13,101
83,348
18
STATEMENT OF FINANCIAL ACTIVITIES - comparatlve
Unrestrlcted t)eslgnal
Funds
Restrfct
Fund8
2023
Total
Funds
2023
2023
2023
Note
INCOME
Donations
Income from Charltable Activities
Investment Income
400
0 300.809 625,074
324,265
Total Income
324,665
300,809 625,474
EXPENDITURE
Charitsble Activities
324,211
0 339,605 663.816
Total Expendilure
324,211
0 339,605 663,816
Net income l (expenditure)
for the year
454
0 (38,796) {38,342)
Transfers between Funds
Net Nlovemant in Funds
454
0 (38,796) (38,342)
ReconGlliation of Funds
FUND BALANCES BIF
79.567
104,149 183,716
FUND BALANCES CJF
14
80,021
65,353 145,374

SPACE2 LEEDS
(A Company Llmited by Guaranteg)
24
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPACE2 LEEDS
I report to th6 charity trustees on my examination of the accounts of the company for the year
ended 31 March 2024 which are set out on pages 10 to 23,
Responslbllltles and basls of report
As the charitls trustees of the company (and al80 Ils direotors for the purposes of company
law} you are responslble for the preparatlon of the accounts in accordance with the
requlrements of the Companies Act 2006 ('the 2006 AGt'>.
Havlng satisfled myself that the accounts of the company are not requlred to be audited under
Part 16 of the 2006 Act and are ellglble for independent examination, I report in rospect of my
examlnation of your charlty's accounts as carried out under section 145 of th6 Charltles Act
2011 '(the 2011-Act'). 4n carrylng out my examination I have followed the Diroctions glven by
the Charity Commlssion under sectlon 145(5)(b) of the 2011 Act.
Independent examlner's roport
Since,-th8 Gompany's gross.inGome exceeded £250,000 your examlner must be a member of
a body listed in seGtlon 145 of-the 2011 Act, I confirm that l am quallfied to undertake the
examination because l am a member of The Instttute of Chartered Accountants In England
and Wales. whiGh is one of the listed bodles.
I have completed. my examlnadon, I conflrm that no matters have come to my attention In
connection with the examlnatlon glvlng me cause to belleve:
1) ac¢ountlng records were not kept In respect of the company as required by $8Ction 386 of
the 2006 Act,. or
2) -.th8 account8 do not accord with those acGounling records., or
3) the aGcounls do not comply.wlth.the accounting requlrements of section 396 of the 2006
Act other than any requirement that the accounts give a 'tru@ and fair, view which is not a
matter consldered as part of an Independent examination; or
4) Ihe accounts hav8 not been prepared in accordance wlth the melhods and prlnciples of
the Stalemenl of Recommended practlce for accounting and reportlng by charities
[appllcable to charltles preparing thelr accounts in accordance with the Financial
Reportlng Standard appllcable In Ihe UK and Republic of Ireland {FRS 102)].
I have no concerns and have Gome acros8 no other matlèrs In connection with the
.examinallon to which attention. should be drawn In thls report in order to enable a propgr
understanding of the account8 to be reached.
S W O'BRIEN
O'BRIEN & CO
Chartered Accountants
31a Finkle Street
Sglby
Y08 4DT
18 July 2024