SPACE2 LEEDS
(A company limited by guarantee)
REPORT AND UNAUDITED FINANCIAL STATEMENTS
Year ended: 31 March 2025
Charlty no: 1105268
Company no.. 4930452

SPACE2 LEEDS
(A Company Limlted by Guaranteo)
Trustees, Report
31 March 2025
The trustees are pleased to present their annual trustees, report together with the financial
statements of the charity for the year ending 31 March 2025 whlch are also prepared to meet
the requirements for a directors, report and accounts for Companles Acl purposes.
The financial stalements comply with Ihe Charlties Aot 2011, the Companies Act 2006, the
Memorandum and Articles of Asscciatlon, and the Charltles Statement of Recommended
Practice ("Charilies SORP°} (applicable to charltles preparing their accounts in accordance
with the Financial Reporting Sta'ndard applicable in the UK and Republlc 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 arts.
Provide leisure and recreational facilities for the benefft of the publlc in the interests of
social welfare with the object of improving thelr condltlons of life.
How our Actlvltles dellver Publlc Beneflt
In shaping our objectives for the year and planning our acllvltles we have consldered the
Charity Cornmission's guidance on public benefit, including the guldance "publlc benefit:
running a charity (PB2)" at our trustees. meetings. We target disadvantaged communities and
vulnerable people and their families to enable them to better partlclpate In activities and
access services they would not normally be able to with a view to ralslng confldence, skSlls
and resilience, improving health outcomes and developing stronger communltles,
ACHIEVEMENTS AND PERFORMANCE
Despite a year of organisational change at both senior leadership level and within the board
of trustees Space2 has continued ils full provision of arts and creative activities in Glpton and
Harehills and the wider city to address the multiple crises people face in a way that brings joy
and connectivity.
We have been able to reach over 4,000 people through our actlvities and &venls, offering a
divf3rse timetable of aclivities for people aged 8 - 80.
Arts and Health
We continued our work as part of the Men's Health Unlocked clWide men's health and
wellbeing project, in partnership with Forum Central, BARCA, Touchstone and the Orlon
Consortium. As part of the Men's Health Unlocked work, we also worked wlth local men and
organisations to produce the 'Unlocked zine, which featured stories by and for the men of
Leeds covering a wide range of health-related issues. Th8 zine was distributed via over 100
organisations and comtnunity settings across the city, reaching approximately 7,000 men.

SPACE2 LEEDS
(A Company Limited by Guarante6)
Trustees, Report
31 March 2025
Arts and Health (continued)
Men Through A Lens, funded by the Baring Foundation, is a project trialling 'Photovoice'
methodology worklng towards portraiture techniques, nature photography and abstract
expression. This will lead to a touring and on-line exhibition. Delivery partners include
community settings 8erving men at the intersection of disadvantage with mental health
problems. Men are supported to explore intangibles Ilke emotions, confusion, different
perspectlves, reflectlon, as well as potential change. We will empower men to have ownership
of their feelings, bulld confidence, skills, discover their own creativlty and be inspired to
continue to access participatory arts opporlunitie8.
Partlclpatory Arts
We have held two out8tanding community arl exhibitions at The Old Workshop. The first was
Open Call on Ihe theme of nature and received submissions and vlsitors from across the city,
bringing new people to Space2 and allowing our participants to showcase their work
alongside that of 'professional artists., The second was the culmlnation of our Thrlve project,
featuring work Insplred by a 3 year long project based in and around Killingbeck meadows
and the gardens of Church of Epiphany.
Our seasonal communily events continued, dispute us not havlng a large-scale community
show. We tested Open Mic bringing song, poetry and spoken word togelher at an evening
event in October.
Arts and Communtty
Contlnued development of Meet Me At The Old Flre Station (MMATOFS}, a partnership
project wlth The Old Flre_ Statlon and Zest to offer a 'one front door, approach to activktles and
opporlunilies with different organisations at the Old Flre Station. New funding from the
Natlonal Lottery Reaching Communitles fund has enabled us lo continue to develop our work
together at the Old Fire Station, whilst also wldening our reach to develop connections and
partnershlps across the Gipton Nelghbourhood. This has included establishing a group of
local people who are being trained In Community Research- learning a range of creative and
interactive ways of galhering the views of thelr nelghbours and then using them to inform
meaningFul change in the area. We were also dellvery partners in the Fearnville Fest led by
East Leeds Project - a weekend of creative workshops and events which celebrated the
green space in Gipton, wlth 16 local volunteers supporting event and around 200 people
taklng part In activlties.
The Heritage Lottery fvnded Glplon Story Maps project moves into its second year. A group
of new volunteers have been recruited to work alongside students from Leeds Beckett
Unlverslty ar)d Ihe Easl Leeds Flre Heritage Group of ex-firefighters. The project lells lesser
heard stories of the fire service, primarlly those of women, through interactive story maps,
available on our website. A one-woman touring show written by Sarah Jane Dickiiison 18 in
development for debut in September 2025.

SPACE2 LEEDS
(A Company Limited by Guarantee)
Trustees, Report
31 March 2025
Arts and Soclal Justlce
Space2 has conlinued 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
I￿Ing crlsls. It has agaln seen an Increase In local people accessing our services and wanting
to volunteer to support thelr nelghbours and W￿er community.
Our Llstenlng Well project saw us engage with 192 community members in Gipton (590/0
women) Most participants expressed a deslre for more Community groups, Stronger
connectlons wlth nelghbours, and a safer local envlronment.
People's Pantry and Clothlng Rebelllon volunteer-led initiatives to bring affordable clothing,
homeware and fresh food lo local people, had another year of meeting a high level of demand
In the communlty Our volunteer led pop up shops delivered as part of this work, provided
affordable food and clothlng to over 400 local people over the course of the year, and
provldlng a vltal first polnt of contact for local people to build trust and familiarity with Space2
and our wlder programme. We have now wound down these initiative8 whilsl we take some
tlme to refiect on our role In meellng local need for essentials in a sustainable and generative
way.
Common Threads Is a new textiles exchange project, that brings existing groups reflecting the
dlverslty of Harehllls and Gipton together through food, textiles and traditional skllls,
contrlbutlng to a wider community coheslon ambltlon. The project brings many communitie8
together including white British, bom and bred in Gipton., established South Asian and
Chinese and newer migrant communities from Africa and Eastern Euro￿.. asylum seekers
and refugees.
Gipton Growers. volunteers who maintain the gardens at the Old Fire Station, continues to go
from strength to strength and regularly has new members join the team of approximately 20
volunte8rs. The group have taken part in a local tree planting initiative planting 200 trees.
Members of the group have 8￿ured funding through N8ighbourhood Matching to help local
r8sKlents to improve their own gardens.
Community Climate Grant funding enabled our previous Climat8 and Suslainability intem lo
remain at Space2 lo ddiver Greening Gipton: an approach to climate and environmental work
which emphasizes joyful participation, shared decision making and communty listening as an
essential element of making meaningful change, working wilh partners across the city and
testing the implementation of approaches such as doughnut economics at 8 neighbourhood
level.
We have continued to work with Leeds Unlversity's Dr Joanne Armitage, (Lecturer in Digital
Medla), and Dr Helen Thornham {Associate Professor Digital Cultures) throughout 2024 with
an extension on the Maker Spaces pmject through the Include networ4(. Maker Spaces
explored what making and creating means to Space2 and focused on the following
questionslthemes; how does Space2 programme work to reswnd to the seasons, whal
brlngs us joy, how do we create In group sessions and how we can share best practice
amongst partners. We worked in collaboratlon with the university to develop an online toolkit
In terms of how Space2, and partners from Argentina and Mexico approach making.

SPACE2 LEEDS
(A Company Limited by Guarantee)
Trustees, Report
31 March 2025
FINANCIAL REVIEW
Overvi8w
The funding landscape proves to be Increasingly challenging, with fewer funds accepting
applications for funding, grant size reducing and competition increasing. This is reflected In a
deficit of £16,269 in unrestrlcted funds.
A number of multl-year grant funder project came to an end thi8 year, meaning a particularty
challenging fundraising target for the year. Having had a number of succ888es in securing
funding to exiend or develop key strands of work, and with signifioant core funding secured
for 25126, we are Tn a much more comfortable position entering the next financial year.
Our Public Health contract wlth the Orion consortium continues to provide funding for our
community development work to support our local community face the challenges of the cost
of living crisis, mental heallh and wellbeing, isolation and loneliness and in the wake of the
increase of increased r8clst ac￿VIty.
Prlncipal Fundlng Sources
Space2 recelves grant fundlng to contrlbute towards staffing and operational costs as well as
projects. We contlnue to secure grants from a range of sources to continue delivery of our
arts and soclal change programme, responding to the increased and changing needs of our
communities. These Include National Lottery Heritage Fund, National Lottery Community
Fund, Leeds Community Foundation and Rank Foundation.
A number of Trusts and Foundations contrlbute to runnlng, development and aclivities costs.
Space2 has secured a number of small commlsslons and contracts through Leeds City
Councll and as part of the Orion consortlum, Is movlng Into year 3 of 8 5 year contract Ihrough
the LCC Public Health DSrectorate Communlty Development Based Health Improvement
contracl (Better Together) for E and NE Leeds.
We have begun to explore alternative means of income generatlon including corporate
wellbeing days, fundraising events and expanding our room hlre offer. Whilst thls makes a
small contribution, It Is important in generatlng unrestrlcted Income towards core running
cosls.
Investment Pollcy
Aside from retaining a prudent amount in reserves each ye8r 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 Arlicles of Association the company has the power to make any
investment which the trustees see fit.
Reserves Pollcy and Golng Concern
The trustees have reviewed the companvs needs for reserves in line with the guldance
issued by the Charity Commission.
At 31 March 2025 there was an accumulated surplus on unrestricted general funds of
£63,371 and £10,000 on deslgnated funds. The company ultimately intends to hold
unrestricted reserves approxlmatlng to 4 to 6 months running costs. Restricted funds stand at
£108,084.
The trustees conslder that there are no material uncertainties about the charitable company's
ability to continue as a goSng concern.

SPACE2 LEEDS
{A Company Llmited by Guaranfee)
TNstè88' R6POrt
31 March 2025
PLANS FOR THE FUTURE
Our current business plan com&s to an end in 2026, so this year will see slgnlficant work in
developing and new plan which reflects the evolving contexts we work In and is shaped by the
views of participants, staff and trustees. This business plan wlll see a deeper emphasis on
addressing injustice and inequity through our work.
We will continue to delivèr a rangè of multi-year funded projects including Dead Plants
Society (in partnership wilh Leeds Museums and Galleries) Common Threads, Gipton
Storymaps, Men's Heallh Unlocked and Gipton Shared Futures.
We will consolidate and strengthen our role as a community anchor organisation, leading
neighbourhood level change with local partners and advocating for an approach to Healthy
Place Shaping with culture and creativity at its heart.
We are awaiting the outcome of an applicalion to the Arls Council's National Lottery Project
Grants, to fund 'P8ss It On,. Pass It On Is a creative response. co4esigned and delivered with
our communlties to the bleak and hostile socio-political outlook. 11 will be a year-long multi-
disciplinary explorallon and celebration of dlverse acts of artistic generosity. reciprocily and
connection In our communlties, culminating in a series of exhibitions, perfomiance & film. It
will build upon Space2's track record of pioneering participatory arts practice & deepen a
commitment lo the potent forms of collective joy and 801idarity-
We contlnue to prlorlties fundlng streams whlch make a slgnificant contribution towards cor8
costs, In 0￿er to malntaln stabillty and reslllence, and conlinue to diversrfy income streams
Includlng developing corporate partnershlps, pa1d wellbeing offers and venue hire.

SPACE2 LEEDS
{A Company Limited by Guarant88)
Trustees, Report
31 March 2025
REFERENCE AND ADMINISTRATIVE INFORhlATION
Charlty Name:
Space2 Leeds
Charlty Registratlon Number:
1105268
Company Regl8tratlon Number:
4930452
Registered Office and
-Operatlonal address:
The Old Flre Station
Gipton Approach
Leeds
LS9 6NL
Trustees
The trustees who have served during the year ar8:
Lydla Baldwin
Andrew Edwards
Sl8phen Hart
Katie Jane Hill
Richard Norton
Cllr Mohammed Shahzad
.Chr.istopher Terry
Jane Zanzottera
(Appointed 10 July 2024)
{Appointed 18 July 2024>
(Appoint&J 25 September 2024)
Secretary
Sarah Tolkln
Senlor Management Team
Sarah Tolkln
Co-Dlrector Business & Govemance
Paul Barker
Co-Dlrector Projects and Partnershlps
Emma Goodway Co-Direotor Cr&ative and Participation (ResKJned 27 June 2024>
Independent Examlnors
O'Brien & Co, Chart6red Accountants
31A Finkle Str8&t
Selby
Y08 4DT
Bankèrs
Virgin Money

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
Trustees, Report
31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng Document
The organlsation is a charitable company limited by guarantee, incorporated on 13 Oclober
2003 and reglstered as a charity on 3 August 2004. The company was establlshed under a
Memorandum of Assoclatlon whl¢h established the objects and powers of the charitable
company and is govemed under its Artlcles of Association. In the event of the company being
wound up member8 are required to contrlbuto an amount not exceeding £1.
Recrultment and Appolntment lo tho Board of Trustees
The direclors of the company are also charity trustees for the purposes of charlty law. Under
the requirements of the Articles of Association one
third of trustees retlré by rotation
annually.
Due to the priorities of the company's work, children, their families and communlty are a focus
for activity. The company works 5PeGifically Ihrough the arts and takes a creatlve approach lo
its work with vulnerable individuals and disadvantaged communities. The board seeks to
ensure that the needs of these groups are appropriately refiected through the dlverslty of
board memb8rs. Board members have Considerable skills and experience of working across
a range of arts, youth, education, health and community settings. Other representation
includes finance and management skills to ensure the most effective running of the company.
Th8 board regularly undertakes a skills audit and in the event of particular skllls belng lost or
new skills being required, recruit through an approach to individual to offer themselves for
election to the board.
Trustees, Induction and Training
Potential trustees are provid￿ with an information pack detailing the legal and flnanclal
obligations of bwstees and providing information regarding the ethos and activities of the
company. Following appointment, the trustee receives an induction inft)rTnation pack and
receives an introduction to the company given by th8 chair of the board of trustees and senlor
management team.
Additionally. all trustees are asked to attend events and activities on a regular basis to
familiarise and update themselves with the company and the context within which it operates.
Further training opportunities are offered through sessions run by other board members and
voluntary sector support organi8ations.
Organ18atlonal Structure
Space2 has a Board of 8 trustees who meet bi-monthly and are responsible for the strategic
direction and policy of the company. The trustees are from a variety of professional
backgrounds with strong representatlon from education arKI community settings, relevant to
the work and skills needs of the company.
A scheme of delegation is in place and day to day responsibility for the provision of the
Services rests with the C¢FDirectors. The Co-Directors are responsible for ensuring that the
company delivers the services speclfled and that key performance indicators are met. The
C(F.Directors carry out individual supeNision of the staff team and also ensure that the team
continue to develop their skllls and working practices in line with good practice.

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
Trustees, Report
31 March 2025
Related Partles
In so far as it is complimentary to the company's objects the company contrlbutes to local
families and children's outcomes, Leeds Public Health broad health and wellbelng outcomes
and other relevant local and natlonal policies. The company is a provlder of a range of arts
and healthy living opportunities for both children and adults to improve health outcomes,
social and educational attainmenl and facilitate community development. It contributes to
local action plan target8 for economlc regeneration and qualty of life of communlty residents
as well as wot*ing slrateglcally and in partnership with local organisatlons, partlcularly those
that are arts and culture based and young people, health and community focussed. It Is also a
founding member of the Orion Consortium, set up to deliver positlve health outcomes and
redress health inequalities in East North East Leeds.
Th8 Meet Me At The Old Fire Station partnership between spa￿2, GFS and Zest continues,
further developing The Old Fire Station as a Gommunily hub, strengthenlng partnerships
across the Gipton neighbourhood and offering a one front door approach to actfvitles, support
and resources for IoGal people. Funding from National Lottery Reachlng Communlties Fund
has enabled further development for the forlhcoming 2 years as Glpton Shared Futures.
Pay policy for senior staff
The board of trustees. who are the charitable company's trustees, and the senior
management team comprise the key management personnel of the ¢harltable Charity In
charge of directing and controlling, running and operating the company on a day to day basis.
All direclors give of their time freely and no direGtor received remuneration or expenses In the
year.
The pay of th8 S8nior staff is reviewed annually and normally increased in accordance wilh
average earnings of other organisalions in the communty s8Ctor of similar size run on a
voluntary basis.
Risk Management
The Trust8es have a risk management strategy that Gompris8S:
An annual revlew of the prlncipal risks that the organisation face.
A set of policles, procedures and systems to mitigate thos8 risks identified in the
annual review.
Implementation of procedures designed to minimise and manage any potential impact
should those rlsk materlalise.
This work has Identlfi8d that flnancial suslainability is a risk in the InC￿a$]nglY challenging
6nvlronment for small charities. A fundraising plan is in place to monitor matters and continue
to build reserves in lines with our Reserves Policy.
Monthly Flnance sU￿cOMMIttee meetings monitor progress and seek to identify new income
sources.

SPACE2 LEEDS
(A Company Limited by Guaranteo)
Trustees, Report
31 March 2025
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The dlreotors (who are dlrectors for the purpose of Company Law and trustees for the
purpose of Charlty Law) are responsible for preparing the Director's Report and the financial
statements In accordan￿ wtth applicable law and the United Klngdom Accounting Standards
{Unlted Klngdom Generally Accepted Accounting Practice).
Company Law requires the dlrectors to prepare financial statements for each flnancial year
whl¢h glve a true and falr view of the state of the affairs of the charitable company and of the
Incomlng resources and appllcatlon of resources, includlng the Income and expenditure, of
the company for that perlod. In preparing these financlal statements the directors are
requlred to:
select suitable accounting policies and then apply them consist8ntly',
observe the methods and prlnclples in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state wheth8r applicable UK accounting standards have been followed, subject to any
material departures disclosed and explalned In the flnancial statements;
prepare the financlal slatements on the going concern basis unless it is inappropriate
to assume that the charllable company will continue in business.
The directors are responsible ft)r keeplng adequate accounting records that disclose with
reasonable accuracy at any time the flnanclal posltion of the company and enabl8 them to
ensure that the financial statements comply wlth the Companies Act 2006. They are also
responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detectlon of fraud and other irregularities.
The dlrectors are responslble for the maintenance and Integrlty of the corporate and financial
Informatlon Included on the company's website. Legislallon In the United Kingdom. governing
the preparatlon and dlsseminatlon of financial statements, may dlffer from legislation in other
jurisdictions.
Approved by the,
ard of trustees on 25 September 2025 and slgned on its behalf by:
RICHARD NO
Trustee
ON

SPACE2 LEEDS
(A Company Limited by Guarant88)
10
STATEMENT OF FINANCIAL ACTIVITIES
(Includlng Income and expenditure aGcount) for the year ended 31 March 2025
Unr￿trICted Deslgnale
Funds
FUMIS
Restrlct
Funds
Total
Funds
2025
Total
Funds
2024
2025
2025
2025
Note
INCOME
Donalions
1,250
1,250
50
Income from Charitable Activities
. 225,795
276,916 502,711
581,871
Investment Income
37
Total Income
227,054
276,916 503,970
581,958
EXPENDITURE
Charitable Activities
243,323
228,4r/ 471,800
578,047
Total Expendlture
243,323
228,477 471,800
578,047
Net in(x)me l (expendlture)
for the year
(16,269}
48,439
32,170
3,911
Tratisfor8 belween Funds
Net Movem9nt in Funds
(16,269)
48,439
32.170
3,911
Reconclllatlon of Funds
FUND BALANCES BIF
79,640
10,000
59,645 149,285
145,374
FUND BALANCES CIF
14
63,371
10,000
108,084 181,455
149,285
The statement of financial activities includes all gains and losses recognlsed In the year.
All incoming resources and resources expended derive from continuing activities.
The notes on pages 13 to 24 form part of these financial 8tstements.

SPACE2 LEEDS
(A Cornpany Llmlted by Guarantee)
11
BALANCE SHEET
31 March 2025
2025
2024
note
FIXED ASSETS
Tanglble Assets
11
7,488
CURRENT ASSETS
Debtors
Cash at Bank & In Hand
12
13,243
181,799
195,042
38,977
131,189
170,166
LIABILITIES
Creditors falling due within one year
13
13,589
28,369
NET CURRENT ASSETS
181,453
141,797
TOTAL ASSETS LESS CURRENT LIABILITIES
181,455
149,285
FUNDS
Unrestricted Funds
Designated Funds
Restricted Funds
14
63,371
10,000
108,084
79,640
10,000
59,645
181,455
149 285
For the financial year ended 31 March 2025 the charitable company was enlitled to exemption from audlt under
ction 477 Companies Act 2006 relating to small companles.
-The members haiie not required the charitable company to obtain an audit of its accounts for the year In
question I n accordance with section 476 of the Aot.
The directors ackn￿edge thelr responsibilities for complying with the requirements of the Companles Act 2006
wlth respect to accounting records and the preparatlon of accounts.
These accounts have been prepared in accordance with Ihe provisions applicable to companies subject to the
small companies, regime.
The financial
its behalf by:
atements Mrere approved by the Board of Directors on 25 September 2025 and slgned on
RICHARD N
Trustee
TON
Company no: 4930452

SPACE2 LEEDS
(A Company Limited by Guaranf8e)
12
STATEMEpif OF CASH FLOW
For the year ended 31 March 2025
2025
2024
Net cash generated by
oporatlng actlvltlgs (890 balow)
50.601
13,101
Cash fl¢)ws from investing activities
Int8rest InGome
37
Cash used In Investlng actlvltles
37
Increase l(Dgcrea8e) in cash and cash
equlvalents In the year
50.610
13,138
Cash and cash equivalents at Ihe
beglnnlng of the year
131.189
118,051
Total cash and cash equivalents at thg
end of the year
181,799
131,189
RECONCILIATION OF NET PJIOVEMENT IN FUNDS TO NET CASH FLOW GENERATED BY
OPERATING ACTMTIES
2025
2024
Net movement in funds
Add back depreciation charge
Less interest received
Decrease in debtors
(Decrease) in creditors '
Net cash generated by operating actlvltles
32,170
7,486
(9)
25,734
14,780
50,601
3,911
12,168
(3n
1,g85
(4,926
13.101

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
13
NOTES TO THE FINANCIAL STATEMENTS
31 March 2025
ACCOUNTING POLICIES
The principal accounting policies are summarlsed below. The accounting policies have been applied
consistently Ihroughoul Ihe year and in the precedlng year.
Basls of Preparatlon
The finan￿al statements have been prepared In accordan￿ with the Charities: Slatement of
R8comm8nded Practice (applicab18 to charities preparing their accounts in accordan￿ with Ihe
Flnancial Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 102)} (issued in
October 2019) - (CharltSes SORP {FRS 102)), the Financial Reporting Standard appllcable in the
UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Spa￿2 Leeds meets the deflnltlon of a public benefit entity under FRS 102. Assets 8nd
liabilities are initially reGognised at historical cost or transaction value unless Othe￿[Se stated
in the relevant accounting policy notes.
Going Concern
The trustees consider that there are no material uncertainties about the Gharitable companvs
abllity to continue as a golng con￿rn. The trustees do not consider that there are any sources
of estimation uncertainty at the reporting dat8 that have a significant risk of causlng a materlal
adjustment to the carrying amounts of assets and liabiliti8S l•Mthin the next r8POrting period.
Income Recognition Policies
Items of income are recognised and included in the accounts when all of the fdlowing critsria
are met..
The charity has entitlement to the funds.,
any performance conditions attach&1 to the it8m(s) of income have been met or are fully
within the control of the charity;
there is suff icient certainty that receipl of Ihe income is considered probable,, an
the amount can be measured reliably.
Donated Servlces and Facilit169
Donated services or facilities are recognised as income when the charity has control over
the Item, any conditlons associated wlth the don8led item have been met, the re￿Ipt of
economic benefit from the use by the charity of the Item is probable and that economic
benefit can be measured reliably. On receipt, donated seNices and facilities are recognis6d
on the basls of the value of the gift to the charity thich is the amount the charity wnuld have
b60n wllllng to pay to obtsin servlces or facilities of equivalent economic benefit on the open
market; a corresponding amount is then rocognised in expenditure in the period of receipt.
Interest Receivable
Interest on funds held on deposit is induded when receivable and Ihe amount can be
measured reliably by the charity; this Is normally upon notification of the interest paid or
payable by the Bank.

SPACE2 LEEDS
{A Company Limited by Guarant88)
14
NOTES TO THE FINANCIAL STATEMENTS (continued)
31 March 2025
ACCOUNTING POLICIES (continued)
Fund Accountlng
Unrestricted funds are available to spend on activities that further any of the purposes of
charity. Deslgnated funds ar8 unreslricted funds of Ihe charity which the trustees have
decided at their discretion to set aside to use for a speclflo purpose. Restricted funds are
donalions which the donor has specified are to be solely used for partlcular areas of the
charity's work or for speciflc projecls being undertaken by the charity.
Expenditura
Expenditure is recognised On￿ there is a legal or con8tnJctive obligation to make a payment
to a thlrd party, It Is probable that settlement will be required and the amount of the obligation
can be measured reliably,
Expendlture on charitable actlvltles includes direct project costs, staff costs and their
assoGialed support costs,
Irrecoverable VAT 15 charged as a cost against the activity for which the expendSture was
incurred.
Allocatlon of Support Costs
Support costs are thosefunctions thal assist the work of the charity but do not directly
undertake charitable activilies. Supporl costs include back off ice costs, f inance, personnel,
payroll and govemance costs which support the company's activities. The bases on which
support costs have been allocated are set out in note 6.
Tanglble Flxed Assets
Individual fixed assets costing £1,IX)O or more are capitalised at cost and are depreciated over
their estimated uS￿ul economic lives on a slraight line basis as follows:
Annual Rate
Equipment
25Yo
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade
discount offered. Prepayments are valued at the amount prepaid after taking account of any
trade dlscounts due.
Cash at Bank and In Hand
Cash at bank and cash In hand Is In respect of bank balances.
Creditors and Provisions
Creditors and provisions are recognised where the charity has 8 present obligation resulting
from a past event that will probably result in the transfer of funds to a third parly and the
amount due to settle the obl igation can be measured or estimated reliably. Crgditors and
provlslons are normally recognlsed at their settlement amount after allowing for any trade
dlscounts due.

SPACE2 LEEDS
(A Gompany Llmlted by Guaranteo)
15
NOTES TO THE FINANCIAL STATEMENTS {continued)
31 March 2025
ACCOUNTING POLICIES {contlnued}
Flnanclal Instrumenls
The charity only has financial assels and financlal Ilabll Itles of a klnd thal quallfy as baslc
financial instrumenfs. Basic financial instruments are Initially recc•Jnised at transaction value
and subsequently rnea￿red at thelr settlement value vvith the ex￿ptIOn of bank loans which
are subsequently measured at the (xrrylng value plus ac£rued interest less repayments.
Penslon Costs
The company has a deflned Contrlbutlon Penslon Scheme. The pension costs charged to the
Statement of Financial Activities are the premlums payable In respect of the accountlng period.
Slgnlflcant Judgements and Estlmates
In applying its accounting po.licies the company did not have to make any Significant ludoements.
or estlmstes
LEGAL STATUS OF THE CHARITY
The charity is a company litnited by guarantea and has no share Gapital. In the event of the
charity being WOLtnd up, the Ilablllty in respect of the guarantee is limited to £10 per member
of the charlty. At 31 March 2025 there were 8 members.
INCOME FROM CHARITABLE ACTivfriES
Unrestrlcted DesfvJnatuJ
Funds
Funds
2025
Reslrlct
Total
Funds
2025
Total
Funds
2024
2025
2025
Grants
Fees and Other Income
126,439
99,356
276,916 403,355
99,356
482,338
99,533
225,795
276,916 502,711
581,871
INVESTMENT INCOME
Unrestrlctsd Dedgnatexl
Funds
Funds
2025
2025
R&strlct
Funds
Total
Funds
2025
Total
Funds
2024
2025
Bank Interest
37

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
16
NOTES TO THE FINANCIAL STATEMENTS (continued)
31 March 2025
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Arts&
Community Tolal
Projects
2025
Total
2025
2024
Projects
Staff ing
Off ice
Marketing
Premises
IT Costs
Depreciation
Support Costs (see note 6)
Governance Costs (see note 6)
147,5(￿ 147,506
180,569 180.569
42.416
42,416
224,459
197,315
48,869
5,938
27,228
10,029
12,168
46,281
5,760
578,047
29,978
29,978
5,519
5,519
7,486
7,486
52,326
52,326
6.000
6,0
471,800 471,800
The company undertakes one activity, that of arts and community projects.
ANALYSIS OF GOVERNANCE AND SUPPORT COSTS
The company initially identifies the (x)8ts of its support functions. It then identif ies tho* costs
which relate to the governance functlon. The table below sets out the basis for apportionment
and the analysis of support and governan￿ costs.
G￿traI
Support
Gwn8nce
FunctK
Total Basis of
Apportionment
staffing
Off ice
Premises
Independent Examlnation
36,486
9,783
6,057
36.486 actu81 Gosts
9,783 pro rata
6,057 pro rata
6,000 actual costs
58,326
6.000
6,000
52,326
Analyw-s of Governance and Support Costs- prevlous year
G￿￿01
Support
Gownancg
Funcllon
Total Basis of
Apportionment
Stafflng
Off Ice
Premisos
Independent Examination
32,711
9.056
4,514
32,711 actual costs
9,056 pro rata
4,514 pro rata
5,760 actual costs
52,041
5,760
5,760
46,281

SPACE2 LEEDS
{A Company Limited by Guarantee)
17
NOTES TO THE FINANCIAL STATEMENTS (contlnuod)
31 March 2025
NET INCOME I (EXPENDITURE) FOR THE YEAR
Is stated after charglng
2025
2024
Depreciation
Independent Examiner
7,486
6,000
12,168
5,760
STAFF COSTS & NUMBERS
Staff costs were:
2025
2024
Wages & Sal8rles
Social Security Costs
Pension Costs
200,595
10,461
5,999
217,055
212,953
10,684
6,389
230,026
No amployees earned in exce&% of £60,OCXJ p.a.
The average number of employees durlng the year, calculated on the basis of full tlme equivalents,
was as follobvs:
2025
Number
2024
Number
Co - Directors l Joint CEOS
Project Managers and
Community Development Workers
10
11
Key Management Personnel
The key management personnel comprise the trustees and Co- Dlrectors.
No remuneration was paid to any trustees (2024.. £nil).
No expenses were reimbursed to trustees during the year (2024.. £nll).
The total emoluments of the key management personnel (salaries, employer's NIC and pension
costs) during the year was £73,544 (2024. £115,430).
RELATED PARTY TRANSACTIONS
No trustee or other person related to the charitable company had any personal interest in any
contract or transaction entered into by the charitable company durlng the year (2024.. £NII).

SPACE2 LEEDS
(A Company Limited by Guarantee)
18
NOTES TO THE FINANCIAL STATEMENTS {Gontlnued)
31 March 2025
10
TAXATION
As a charlty Spa￿2 Leeds Is exernpt from tax on income and galns r￿e1Ved wlthin categories
covered by Chapter 3 Part 11 Corporatlon Tax Act 2010 or s256 of the Taxatlon of Chargeable
Gains Act 1992 to the exteTrt that Éhese are applied to its charitable objects. No tax charge has
arlsen In the year.
11
TANGIBLE FIXED ASSETS
Equipment
COST
At 1 April 2024
Additions
Disposals
At 31 March 2025
49,697
49,697
DEPRECIATION
At 1 Aprll 2024
Charge for the year
On dlsposals
At 31 March 2025
42,209
7,486
49,695
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
7,488
All fixed assets are used in dir8Gt furtherance of the company's objects.
At 31 March 2025 the company had made capltal commltments of £nil (2024.. £nil).
2025
2024
12
DEBTORS
Trade Debtors
13,243
38,977
2025
2024
13
CREDITORS: amounts falling due ￿thIn one year..
Trade Creditors
Donations & Grants R￿e1Ved in Advance
Taxatlon and Soclal Security
8,966
5,300
20,221
2.848
28,369
4,623
13,589

SPACE2 LEEDS
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
31 March 2025
14
FUNDS
BIF
Incoming Resour￿ Transfers
01.04.24 R&8ources Expended
CIF
31.03.25
Unre8trlcted Funds
General
79,640
227,054 243,323
63,371
Designated Fund
Propety Fund
10,otx)
10,000
Restrfcted Funds
Arts Councill England Capltal
Arts Council England Cultural Recovery
ACE Show
Barber B
Baring Foundation
National Lollery Men
National Lollery A4A
National Lottery Community Fund
Neighbourhood Matchlng
Heritage Lottery Fund
Leeds City Council
Rank Foundation
7,488
(134)
11
3,575
7,486
(134)
11
1,OCK)
4.575
24,772
14,065
47,915
44.644
19,954
4.719
104,641
76.723
19,250
1,250
SC
20,736
40,694
40,694
18,190
13,585
276,916 228,477
10,707
3,271
15,235
27,918
18,000
20,969
41,205
7,500
59,645
12,105
0 108,084
TOTAL FUNDS
149,285
503,970 471,800
181,455

SPACE2 LEEDS
(A Company Limitod by Guarantee)
20
NOTES TO THE FINANCIAL STATEMENTS (continu8d)
31 March 2025
14
FUNDS (contlnued)
Analysls of movements In Funds- prevlous year
BIF
Incoming Resources Transfers
01.04.23 Resources Expended
CIF
31.03.24
Unrestricted Funds
General
80,021
210,291 200,672
10,000
79,640
Designated Fund
Property Fund
10,000
10,000
Restricted Funds
Arts Councill England Capital
Arts Council England Cultural Recovery
ACE Show
Barber B
Jlmbo's Fund
National Lottery Men
National Lottery Community Fund
Herltsge Lottery Fund
H8alth In4u81ities Fund
Leeds City Council
Leeds Insplred
Mohn Westlake Arts
Rank Foundation
Petsr Spafford
19,656
{134)
29,767
12,168
7,488
(134)
11
3,575
66,953
96,709
g,000
5,425
13,503
13,503
39,536
39,536
119,846 119,846
49,996
8,791
2,61
2,606
14,235
14,235
8,870
8,9
8,9
17,092
16,786
30,000
30,000
371.667 377,375
41,205
8,870
7,194
7,500
65,353
59,645
TOTAL FUNDS
145,374
581,958 578,047
149,285
Purposes of Deslgnated Fund
Proparty Fund
Funds set aside to improve our hire Spa￿'The Old w￿kshop,, to Improve the facilities and increase
potential room hires.
Purposes of Restricted Fund&
Arts Councll England Capltal
To enable a bespoke refurbislimenl of the office areas and Old Workshop space including improving
acoustics,, storage,. fully accessible front door and IT kit for blended on-llne and on-site delivery of
group actlvitles 8nd M￿tings.
Arts Councll England Cultural Recovery
To support financial suslainabilily and partnership dovelopment during the pandemic wlth contribLrtlon
to core running costs and dellvery of a range of participatory arts sessions and an outdoor
instsllation.

SPACE2 LEEDS
(A Company Limited by Guarantee)
21
NOTES TO THE FINANCIAL STATEMENTS {contlnued)
31 March 2025
14
FUNDS (contlnued)
Purpos•s of Restricted Funds (continued)."
Arts Councll England
Contribution to our annual co-produced large scale community produotion, Ahead of the Wave, held
in July 2023, ￿lebrating Ihe 20th annlversary of spa￿2, highlighting our impact in East Leeds and
looking foward to our plans for the next 20 years in light of the ongoing environmental crisis.
Barber B
Money received for Barber B to develop and dellver hls Leeds Inspired funded performance in 2024.
Project managed by Space2. Barber B 'Each One Tgach One, was performed at Northern School
of Contemporary Dance In October 2024 alongside a Q & A, short film and original comp¢)sitions to
celebrate Barber B's Ilfe.
Bartng Foundatlon
A photography prolect uslng dlverse practlce with ￿￿eklY sessions for men and trlalllng 'Pholovoice'
methodology working towards portraiture techniques. nature photography and abstract expresslon.
This will lead to a touring and on-line exhibition.
'Photovolce' started out as a qualllatlve research method, though, increasingly is used as a
community participation tool. With its r(iots in academic research, there is a body of eviden￿ to
dernonstrate its Impact. It also provldes a framework for men to b8 co-d@signers of the project's
development telllng thelr own storles and reflecting their own perswtives through pictures that
they take, accessible across different languages and literacy levels
Jlmbo's Fund
To work with women from across East L￿ds, using the 5 Ways to Wellbeing framework (Connect,
Be Active, Take Notice, Learn, Glve). To bulld confldence and skills so that I(￿al women have an
increased sense of belonging and agency within thelr Communlties and to ac£ess services and
provision they need and want and also to support them around the Gost of living crisis while
recoverlng from the pandemlc.
Natlonal Lottery Men
Continuation of the Men's Health Unlocked Project arKI Network, delivering activities and events
which improve the health and wellbeing of men. To work wlth partners to coordinate the development
of 'Unlocked', a 'zine produced by and for men ￿lch raises awareness of Issues around men's
he8llh and ¥•vellbelng and places to access support. To C￿)rdInate and support 'manbassadors'
worklng ￿th local businesses to encourage Ilght touch conversations about men's health. To
produce the Northern Man Festival in June 2025- a festival of activities and events hlghlighting and
celebrating men's health.
National Lottery A4A
A new textiles exchange proJect, Common Threads, that bri ngs existing groups reflectlng the
diversity of Harehills and Giplon tcgether through food. textlles and tradltional skills, contributing to
a wider community cohesion ambition. 8-week b1￿kS of textiles-based actlvities culminate In a
sharing al the guest group's base with home-made food and exchange of textile gifts. A final 'Show
and Tell, event at The Old Fire Station with all groups coming together will celebrate the range of
textile skills, designs, heritage, products and storfes created.

SPACE2 LEEDS
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS (continued)
31 March 2025
NOTES TO THE FINANCIAL STATEMENTS {continu8d)
31 March 2025
q4
FUNDS {continued)
Purposes of Restrlcted Funds (¢ontinued).'
National Lott8ry Community Fund Partnerships
Gipton Shared Futures - The next phase of Meet Me at The Old Flre Statlon expandlng on the
SUGC8SS of th6 'slngle front door, approach to aGtivities and opportunities with a shared approach to
volunteering which is community led and asset based with a widened focus on Gipton as a
neighbourhood - wilh an alm to strengthen Ilnks and connections between the people, organisallons
and places in Gipton.
Nelghbourhood Matchlng
To coordlnate the Nelghbourhood Matching project, where volunteer groups can access £10 of
funding for every hour of volunteer activity they put in, towards activity that improves the local area.
Heritage Lottery Fund
To Ctrproduce Glpton Story Maps V￿th local people, fire community and ELFHG through oral
histories and archival re58arch to create an onli ne, user-friendly, inler8CtIV8 plalform to share fire
heritage stories. To dlverslfy the range of hlstorles avallable ab￿l the flre Servi￿ and its
communlties, focuslng on those women who served in the Servi￿ and the families of servlng
firefighters. To engage new Ioc81 people with the heritage of TOFS and rde of women in the fir&
servi￿. To create a one-woman touring show depicling the stories of VK)men wtthin the fire seNlce.
Health Inequaliti88 Fund
To fund two strands of work; Meanwood Men's group with activities focus￿ on ddivering health
messages, reducing health inequalities and improving wellbeing of local men and Space 2 Sustaln
to support the continued development of Clothing Rebellion and People's Pantry groups selling
affordable food and upcycled clothes ￿lIst providing opportunities for social connection and support.
Leeds City Council
Contribution to staffing costs and delivering aclivities, inclLJding warm spaces and bespoke
wellbeing packs for adults in light of the cost-of-living crisls.
Le8ds Insplred
Contrlbutlon to our annual C￿prOdUCed large scale community productlon, Ahead of the Wave,
held In July 2023, celebrating the 20th anniversary of Space2, highlighting our impact in East Leeds
and looking forward to our plans for the next 20 years in Ilght of the ongolng envlronmental crisis.
Mohn Westlako Arts
To 8stablish a Children and Young People's arts programme for Gipton to complement existing
provision, leading to a young people programming arts actlvity at The Old Wothshop. It includes
continuation of The Old Fire Station Children's Choir and $8tting up a Young People's Arts Club
ere young people can experi@nce a range of art-forms, working with different professional arti818.

SPACE2 LEEDS
IA Company Limited by Guarantop)
NOTES TO THE FINANCIAL STATEMENTS {contlnued)
31 March 2025
14
FUNDS {contlnued)
Purposes of Restrtcted Funds (contlnued)..
Rank Foundatlon
To fund a fime to Shine Income Diversrfication and Generation Intern January- DeceM￿r 2025,
supported by a range of trainSng and development opportunltles f￿ the both the leader and the
organization.
Peter Spafftird
Money received for artist, Peter Spafford, to develop and deliver his Arts Council funded Unsung
Sports Phase 1 and 2, project managed by Space2.
15
ANALYSIS OF NET ￿￿ETs BEfwEEN FUNDS
Deslgnal
Funds
Unrestrkled
Restr10t￿l
Total
2025
2025
2025
2025
Fixed Assels
Current Assets
Creditors.. due within one year
76,960
13,589
63,371
10,000 108,082 195,042
13,589)
10,000 108,084 181,455
Analysis of Nat Assets belween Funds - prnvious year
De8kJnat
Unr￿tricted
Total
2024
2024
2024
2024
Fixed Assets
Current Assets
Creditors: due wlthin one year
7,488
7,488
52,157 170,166
0 (28,369
59,645 149,285
108,009
(28,369)
79,640
10,000
10,QOQ
16
FUTURE FINANCIAL COMMITMENTS
At 31 March 2025 the company has future operating leas8 commitments of £43,612 (2024: £71,938).

SPACE2 LEEDS
(A Company Llmited by Guarante8)
NOTES TO THE FINANCIAL STATEMENTS {continued)
31 March 2025
17
STATEMETrrr OF FINANCIAL ACTIVITIES - comparatlve
unre8lr¢cl￿ Deslgnated
Funds
Funds
Restrlolexl
Funds
2024
Total
Fund5
2024
2024
2024
Note
INCOME
Donations
Income from Charitable Activities
Investment Income
50
210,204
37
50
0 371,667 581,871
37
Total Income
210,291
0 371,667 581,958
EXPENDITURE
Charitable Actlvltles
200,672
0 377,375 578,047
Total Expenditure
200,672
0 377,375 578,047
Net Income l (expendlture)
for the year
9,619
(5,708)
3,911
Transfers b¢trNeen Funds
10,000
10,000
Nat Mov8ment in Funds
(381)
10,000 (5,708)
3,911
Reconciliation of Funds
FUND BALANCES BIF
80,021
65,353 145,374
FUND BALANCES CIF
14
79,640
10,000
59,645 149,285

SPACE2 LEEDS
{A Company Limited by Guarantee)
25
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF SPACE2 LEEDS
I r8F>)rt to the charlty trustees on my examination of th8 accounts of the Gompany for th8 year
ended 31 March 2025 which are set out on pages 11 to 24.
Responslbllltles and basls of report
As the charitls trustees of the company {and also Its dlrectors for the purposes of company
law) you are responsible for the preparatlon of the accounts In accordan￿ with the
requirements of the Companies Act 2006 ('the 2006 Act,).
Havlng satlsfled myself that the accounts of the company are not required to be audited under
Part 16 of the 2006 Act and are ellolble for independent examination. I report in respect of my
examlnatlon of your charkty's accounts as carried out under section 145 of the Charltles Act
2011 {the '2D11 Act,). In carrylng out my examination I have followed the Directions glven by
the Charity Commlsslon under section 145(5)(b) of the 2011 Act.
Independent examinews report
Since the company's gross income 8xceeded £250,000 your examiner must be a member of
a body listed in seclion 145 of the 2011 Act. I confirm that l am qualrfied to undertake the
examination because l am a m8mber of The Instltute of Chartered Accountants in England
and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attentlon In
connection with the examination giving me Gause to believe:
1) accounting rgcords were not kept in respecl of the company as required by section 386 of
the 2006 Act., or
2) the account8 do not accord with those accounling records,. or
3) the accounts do not comply with the accounting requirements of section 396 of the 2006
Act other Ihan any requirement that the accounts glve a 'true and fair, view which is not a
matter considered as part of an independent exarninatlon., or
4) the accounts have not been prepar8d in accordance with the methods and principles of
the Statement of Recommended praGtice for aGc¢)unting and reporting by Gharities
[appllcable lo charities preparing thelr accounts Sn accordance Nvith the Financl81
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concems and have come across no other matters in connection wilh the
examination to which attention should be drawn In Ihis report in order to enable a proper
understandlng of the accounts to be re8ched.
S W O'BRIEN
O'BRIEN & CO
Chartered Accountants
31a Finkl8 Street
Selby
Y08 4DT
25 September 2025