making space MAKING SPACE FOR CRAFTS LTD Council of Management Annual Report and Financial Statements l April 2023 to 31 March 2024 CONTENTS REFERENCE AND ADMINISTRATIVE DETAILS COUNCIL OF MANAGEMENT REPORT ACKNOWLEDGEMENTS &THANKS INDEPENDENT EXAMINER'S REPORT 10 STATEMENT OF FINANCIAL AcfiviTIES 11 BALANCE SHEET 12 NOTES TO THE FINANCIAL STATEMENTS 13-19
MAKING SPACE FOR CRAFTS LTD 2023-24 Name of Charity Making Space for Crafts Ltd (a company limited by guarantee) formerly The MOMC- Leigh Parks Crafts Initiative Trust Limited Registered Office"and Principal Address 2 Bishopstoke Road Leigh Park Havant Hampshire P09 5BN Company Reglstered Number 4482576 (England and Wales) Charlty Reglstered Number 1108387 Councll of Management Tara Goddard (Chalrl Nlcholas Wood (Treasurer) Rlchard Walker Kate Spresser Samantha Dewar-En8llsh Allson Mollov Desmond Webb Catherlne Claasen Company Secretary Kenneth Parry Bankers CAF Bank, 25 Kings Hlll Ave, Klngs Hill, West Malllng ME19 4JQ Independent Examlner TIM Light FMAAT Llghtatouch Internal Audit Services 7 Hodder Close Chandlers Ford Hampshire S053 4QD Page 2 of 19
MAKING SPACE FOR C.RAFTS LTD 2023-24 STRucfuRE, GOVERNANCE AND MANAGEMENT The Council of Management (who are also directors of the Charity for the purposes of the Companies Act 2006) present their eighteenth annual report, for the 12 months ended 31 March 2024. The company is a charitable company limited by guarantee, incorporated on 10 July 2002 and registered as charity on 2 March 2005. On 12 October 2020 the company name was changed from The MOMC- Leigh Parks Crafts Initiative Trust Limited to Making Space for Crafts Ltd. Purpose Making Space is a communlty-based craft organlsation that creates opportunlties for people to discover and develop design and maklng skllls, increaslng personal wellbeing through involvement In high-quallty craft. The charlty promotes excellence in contemporary craft, desi8n and vlsual arts. As the lead craft organlsation In Hampshlre, Making Space initlates opportunities for new networks and partnership working to ralse the proflle of craft. This Includes working with local arts organisations and contributing to reglonal and national developments around craft and community engagement. From its purpose-built studios in Lelgh Park, Making spa organlses courses, masterclasses and projects through which childreni young people and adults can learn from skilled and experlenced makers. The bullding belongs to and Is maintained by Hampshire County Council who provlde the premises rent-free. It houses seven Individual studio spaces that are leased to profe55ional makers produclng hlgh quality work, as well as two fully equlpped workshops that are available for hlre, elther as creative spaces or for buslne55 meetings. Council of Management (frustees) The Articles stIpLSlate a mlnlmum of 6 Councll Members, who are both trustees and dlrectors of the company, and no more than 12. Up to two Countll Members may be appointed by a consultatlve Panel of Users of th'e charity's facilltles. In practlce there is always one of the studlo tenants on the Councll and regular tenants, meetings are held. Two members can be appointed by Hampshire County Councll and Havant Borough Council as corporate Councll Members. One thlrd of Council Members retire by rotation annually, with a maximum duration of service being 10 years. The Councll of Management regularly holds open recrultmentfor trustee members and seeks to Include wide range of skllls'including skilled crafts people. Trustee Inductlon is In place and further tralnlng on speclflc matters Is provlded. There are at least four Councll of Management meetlngs a year. Councll members also particlpate In small worklng groups on speclfic issues such as fundraising and staffing matters. The followlng are current or served as trustees on the Council of Management in the year: Tara Goddard (Chalrl Richard Walker Kate Spresser Samantha Dewar-English Allson Molloy Desmond Webb (Appolnted May 20231 Catherine Claasen (Appointed July 20231 Nicholas Wood (Appointed April 2024) Loucia Manopoulou (Resigned October2023) Staff The small staff team consists of Director, Studio Manager, Outreach Manager, Facilities Technician and a casual Duty Manager. In May 2023 a part time Communications Manager joined the team, the post funded by an Arts Council England project grant. Page 3 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 Making Space continues to also benefitfrom external supportfrom freelance experts including Finance Manager; Ken Parry and are grateful to Liz Weston, who has continued to give her time to develop the fundraising capacity,'submitting bids and managing the relationships established during her time as Interim Director. Rlsk Management The Councll of Management Is developlng a revlsed risk management strategy which will comprise revlew of the prlnclpal risks and uncertaintles relevant to the charlty, the establishment of pollcles, systems and procedures to mltigate the risks Identified and the Implementatlon of procedures deslgned to mlnlmise or manage any potential Impact on the charlty should those risks materiallse. Financial sustainablllty Is the majorfinanclal risk forthe charlty. A key element of the management of flnancial rlsk is to pay close attention to cash flows and projected outflows while seeklng to secure 8rants and voluntary income. Flnancial Revlew The year saw an overall surplus of £7,697 and unrestrirted funds held were increased by £3,627 whi15t restricted funds held Increased by £4,070. Total incoming resources for the year to 31 March 2024 amounted to £234,721, which was £43,225 more than In 2022-231230AI. Unrestrleced income to the General Fund rose by 16% to £131,57212022-23 £113,684), whlle Income from grants and donations to Re5trlcted Funds totalled £87,67112022-23 £70,361). Compared to the previous year12021-221: Donatlons, Gifts and Legacies received at £4,509 were greatly increased compared to the prior year (£3011 followlng work on fundraising. Investment Income increased greatly to £1,470 wlth continued hlgher interest rate5. Charitable activities {participation fees & studlo rental) revenue at £72,826 was £20,828140°AI up, reflècting a continued drlve to 8eDerate more Income. Unrestrlcted 8rants Income fell by £6,000 {17%) to £30,000, but mid 2023-24 saw the start of 3 years unrestrlrted funding from The Henry Smith Charltv Total resources expended In the year were £227,024, whlch is £42,633123%) more than in 2022-23, reflecilng Increased actlvity and costs. This includes £25,364 donated servlces and facilitles, whicki is £2,636 les5 than 2021-22, followin8 the Implementatlon of a lease charge based on the previous yearfs earned Income. Unrestrirted expenditure from the General Fund amounted to £137,47612022-23 £154,429), a decrease of £16,9531ll%l. This decrease was desplte Increased unrestricted core eosts and reflects the amount of core 5UPPOrt costs funded by restricted funds whlch increased from £16,791 to £52,012 reflectlng the shiftlrom the availability from funders of unre5trlcted funds compared to restrlcted funds. There were no Deslgnated Funds but for clarity unrestrirted project fund5 are now shown separately. Expenditurefrom Restricted Funds totalled £83,601 including agreed ¢ontrlbutions to Core Support Costs plus marketing totalllng £52,315. Compared to the prevlous year12022-231 direct activity costs at £52,383 were E23,S87182'A> up, reflerting the continued drive to increase activitv. The remaining value of tangible assets was depreciated by £213 in line with the previous reducing balance policy. The ccrv system was depreciated by a further £400 in line with the new straight-line policy. Charitls tangible assets consequently had a book value of El,604 at 31 March 2024. Page 4 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 The overall effect of the yearfs trading has been to increase the Charity's overall Financial Assets from £68,116 to £75,813, a net increase of £7,697. Total Unrestricted Funds increased by £3,627 to £18,985 with included Unrestricted Project Funds held net of transfer to General Funds rising by £528 to £662. No Designated Funds are held. Restricted Funds have increased by £4,070 to £56,828. Reserves Policy It is the policy of the company that unrestricted funds which have not been designated for a speclflc use and are not held In tan8ible assets should be maintained at a level equivalentto between three- and slx- month's expendlture. The Councll of Management considers that reserves at thls level will ensure that, in the event of a slgnlflcant drop In fundin8J they will be able to continue the company's current actlvltles whlle consideratlon Is given to ways in which addltlonal funds may be raised, The level of free reserves at year end was £17,381, whlch equates to just over one month of current year core expenditure. step.s have been taken by the staff and Councll of Management to drive up Income and a budget set to build reserves agaln. Princlpal Funding Sources The Councll of Management are most 8rateful to all the organlsatlons and indlvlduals who have supported Making Space through the year. A list of most donors can be found on page 9 of this report. Followlng unprecedented times, manyfundlng sources suspended appllcatlons and delayed openlng appllcatlons. It proved more frultful to apply for restrlcted funds that supported Core costs. In March 2023 the first payment of 18 months of restricted fundlnE from Arts Councll England was recelved. Thi5 proJect wlll help support stafflng costs whllst building income generating a¢tlvlty. PUBLIC BENEFIT, OBJECTIVES AND AcfiviTIE5 The Council of Management are mindful of their obligatlon to comply wlth Charity Commlsslon guidance on public beneflt and have taken thls into account while exercislng thelr duties and actlvltles with regaid to the charlty. Making Space for Crafts Ltd's charltable objects are: 11) To promote, malntaln, improve and advance the education of the publlc and in partlcular the dlsadvantaged publlc by the encouragement of the arts generally and in partlcular the visual arts of fine art, sculpture, crafts, 3D arts, drawlngi dlgital arts, fllm makln8, video maklng and photography. (11) The provlslon of facilities for recreation or other leisure time occupationsi partlcularly facilities for the productlon and exhibltlon of the visual arts and crafts with the object of givlng the widest posslble access to the arts by all members of the publlc. Wlth over 15 years of experience In designing and dellvering high-quality craft workshops for diverse user groups, we at Making Space understand the positive impact craftin8 Can have on wellbelngi self-worth, and communlty cohesion. Bulldlng on this foundatlon, we entered 2023-24 with the asplratlon of expandlng our offerin85 of engaging, insplrlng creative experlences and communlty artivities, contlnually seeking additional funding to provlde respite and support to those most affected durlng these challenglng tlmes. Informed by on-golng consultation wlth local people and regular, open dlscussions with other charitable and community organisation5 in Leigh Park, we are well-prepared to address the challenges faced by local resldents and vulnerable groups amid the ongoing cost-of-living crisls. Leigh Parl already affected by Significant deprivation, has been disproportionately impacted by rising energy costs, food prices, and inflation. The demand for resources like warm hubs, food banks, and broader community support has become clear. We continue our commitment to support our Resident and Associate Makers, who face rising material costs and decreased sales, creating instability. To strengthen their small businesses, we have developed Maker Page 5 of 19
MAKING SPACE FOR CRAFfs LTD 2023-24 Progression initiatives, including teaching opportunities and new sales platforms, such as a winter market and a pop-up shop within a partner arts centre. By building on our expertise and community knowledge, we aim to foster resilience and sustain valuable support across Leigh Park. We continue to approach our work within three key programme areas, and their beneficiaries, in mind: Community EnEagement: making a difference to the local community by using craft 4$ a tool for inclusion and social change. Skills Development: inspirlng and ensaglng chlldreni young people and local adults In craft through meaningful education actlvlties. Maker Progresslon: supportlng the professional development of artists and makers through tralnlng and mentoringi facilitating reslllent craft careers and supporting the craft Industry on a wider scale, Community Engagement We have expanded our community engagement programme, focuslng on securing fundlng to offer heavily subsidised yet high-quallty actlvlties. We are proud to be able to provide enriching experiences tailored to the needs of our particlpants and to create opportunities for people of all ages and backgrounds to work with hlghly skilled makers. Exposure to hlgh-quality craft and the experience of engagln8 deeply wlth creatlvity are powerful catalysts for expandln8 personal horizons and nurturing a sense of possibility. When people are invited to Interact with skllled artlsts and explore sophisticated forms of art, they galn more than creatlve skllls they gain confidence, Insplratlon, and a broadened outlook. This klnd of engagement helps Individua15 see beyond Immedlate challenges,.fostering a bellef In their potential and opening doors to new opportunitles, Ideas, and pathways they may not have prevlously envisioned, Through creativify, people are empowered to envislon a rlcher, more expanslve world for themselves and their communities. Statlstics reveal the profound impact of poverty on life outcomes and on the physlcal and mental wellbelng of Individuals and communities. Poverty Influences not only flnancial status but also access to quallty of life-affectlng time away from home, living space, and opportunities for children to play or soclalise. Our participants, who often face these reallties, contend wlth fewer or no holldays, Ilmited Space, and fewer resources for their Children to connect with peers. School absence, often Ilnked to deprivation, Impacts academlc achlevement, behavlour, and children's safety. Poverty extends beyond financial ¢onstralnts It include5 a lack of power, respect, health, educatlon, suitable houslngi self-esteem, and opportunities to engage In social activities. Our work has.shown that access to advanced creative development can significantly enhance the lives of those in our communlty, and we are proud to have expanded our offerin8S this yearto create more meanlngful opportunities, some of which are highllghted below. Ret7ch Out, a project for young people with additional educational needs, funded through Short Breaks wlth Hampshlre County Councll, contlnues to be a malnstay of our work and Included the opportunlty to work with a wide range of crafts includlng a varlety of jewellery types, klntsugi and 8ildlng. Durlng the year we welcomed a new tutor, who began as a partlclpant with the group In 2013 And has returned in recent years as a volunteer. Now studyin8 at Arts Unlversity Portsmouth, he returns as guest tutor, a fine example of the Impart that Makln Space can have on the creative progression of a first-tlme maker. We dellvered the final sesslons of Little Lives Mttklng Together- welcomlng families from Lèigh Park to Maklng Space, for a 5erles of free crafting sesslons. Making Together, gave children the opportunity.to make with their grown-ups, and to develop skills together and work with professional artists on a range of complex crafts. Sessions were booked to capacity, within days of booking opening. For many local families, economically challenged and living within an area of mass deprivation, these free sessions provided opportunities to.have an experience together, a day out within the school holidays, that might otherwise not have been possible. Page 6 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 Upstitch- a textile programme to reduce waste and develop techniques in repurposingtextile items was designed and delivered following on from last yearfs successful Mt7ke New & Mend. Both programme5 were funded by the Waste Prevention initiative at Hampshire County Council. Developing skills in both hand and machine stitching, crochet, applique and knitting. Participants Transformed tired knitwear, jersey and odds and ends of yarn into hats, scarves, wrist warmers and fingerles5 mitts. The finished pieces were donated to warm hubs in Hqvant to keep local people warm through the winter. Creative Futures- a ploneerln8 project developlng the creatlvlty of young women located in areas of disadvantage entered l.ts second year. Partlclpants enjoyed a wide range of creatlve experlences, workshops and received tuitlon in fashion design and pattern cutting from Vickl Brown. silver smithing and Jewellery deslgn from Jesslca Marle. mllllnery from Jullan Jeremy; and shiborl dyelng and textlle deslgn from Kathryn Green. Many are worklng towards In Arts Award Qualificatlon. Working underthe guidance of a professlonal maker, but getting to use thelr own Ideas and deslgns, they have worked towards creatlng a body of work exhibited at Makin8 Space as part of Hampshire Open Studios. The open studlos event also Included a serles of taster workshopi a pop-up shop provlding opportunltles for makers to sell their work and a lar8e external exhibltlon, 4 by 6. Thls exhlbltion featured a diverse collectlon of 4" x 6" sized artworks in a variety of medlums from artlsts across the UK. We also hosted two external exhlbitions: Fly Like a Butterfly, a proJect by award-wlnning artist Olana Light. Nature is a source of insplration forthe multidlsclplinary artist, who seeks to thange her audience'5 perception of how the world uses It5 resources and to think mor.e deeply about how Ilfestyle choices affect the planet. Olana's exploratlon of the theme of metamorphoses and change, through a series of a large-5cale wearable caterplllar and a butterfly, largely constructed from natural materials, also relates to Issue5 of psychologlcal transformatlon and Identity. Landscape- an exhlbition by Frankle Knight reflectlng on the development of the HavantThlcket Reservoir. Thls highly politlclsed development, that has had a slgnificant Impact on local residents, was the insplration for a serles of photographs and audlo recordln85 captured In the affected area. In 2023 we launched Let's Creote Leigh Park, an Arts Councll England funded pilot projert whlch was d¢slgned by our community, following e)rtensive consultatlon. They asked for local, re8ular and free artivltles, to try new craft forms and speclallst equipment and activity tallored to meet additional needs. In thls programme they can experiment In a wlde range of complex crafts'lncluding ceramlcs, lino cuttlng, jewellery, gildlng, textlles, kintsugl, fused glass, mllllneryi wlcker worl shiborl and sllver clay, Thls pilot asplred to enable everyone In Leigh Park to explore thelr creativlty, engage with craft and experience It, wellbelng beneflts. It would give us the opportunity to experlment with pro8rammingi engagement strategies and analyse how we can best support our neighbourhood to become a cultural community, where everyone.can create. Thls projert enabled us to launch two regular, low cost, workshops sessions that would be provlded consistently for the 18 months to allow the development of skllls and bulld of relationships. Craft Club provlded a monthly workshap for young people. Sessions have included cross-stltch, mosalc, clay, bubbly paintlng, hapa-zome, fimo and self-portralture. We've had lots of comments of young people comlng out of their shell, travelllng all the way from Portsmouth because there's nothing there forthem and generally loving the opportunity to get creative and make new frlends. Craft Community follows the same format as Craft Club but for adult5. Tanya and Bethany Wood are leading the monthly sessions with each month focusing on a different theme/outcome. We have amended ourA Space to Make offering- a free session for people to use the craft facilities at Making Space or bring in their own craft to work in the space and use free materials to a facilitated courses. It is now Craftology exploring techniques, and possibilities with materials and experimentation. Sessions have proved a springboard to deeper engagement with our work. This project has enabled us to continue to expand our commission outreach offeringj including bespoke sessions designed for groups with specific needs, called Create Together. Page 7 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 We reprised Croft in Our Community- providing dynamic and inclusive training in the delivery of crafting activity, equipping youth workers, care support assistants and volunteers with the skills, and resources to deliver high quality craft activity in their own organisations across Winchester. The broad aim of this projert Was to ensure that crafting and its proven benefits are available to all. Skllls Development Our established programme of adult workshops encourages development and retention of techniques and supports creative growth. Courses Include ceramics and jewellery, textlles, illustratlon and fused 8lass. Although our courses demonstrate excellent value for moneyi at vastly reduced prlced of organisations In more affluent areas locallyi finance Is still a barrier to attendance for many and thanks to the kind sUPPOrt of the Portsdown Arts aociety, we were able to offer bursarles for courses forthose for whom cost was barrier to attendance. A Local Solutions Grant from Hampshlre County Council enabled us to.offer places for carersi provlding essential respite. Maker progresslon The Making Space team contlnues to support the resident makers, and assoclates in seeking proje planningi funding applicatlons, buslness development, marketing strategy and networking. We have provlded four opportunities for makers to sell thelr workthls year wlth Moke Merry• our Winter Craft Fair, In Its second year providing an opportunlty for sales in the run up to Christmas. We trlalled Country Mokers Mttrket at Staunton Country Park, held a pop up shop at Hampshire Open Studios and provided opportunltles to sell at our open evenlng International Women's Day. Our makers have enjoyed successes in sales, the development of new teachlng opportunities, exhibiting work and undertaking commisslons. We are proud of their growth and benefitfrom thelr generoslty and enthusiasm In sharing their work. This report was approved by the Council of Management on 25 November 2024 and signed on thelr behalf by: DrTara Goddard (Chair) Page 8 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 ACKNOWLEDGEMENTS AND THANKS The charity is dependent on the generosity and support of numerous individuals and organisations, without which the day to day running of Making Space for Crafts would not be possible. The Council of Management wish to acknowledge and thank the following for their support over the year: Arts Council England National Lottery Coinmunlty Fund- Awards for All Hampshire County Councll Wlnchester Clty Councll Portsmouth City Council Hampshlre & IOW Communlty Foundatlon The Henry Smith Charlty The Ashley Family Foundation The Ragdoll Foundation Little Lives UK Indlvidual donors Portsdown Arts Soclety Warburtons Posttode Society Trust ASDA Foundatlon Park Community School Barncroft Prlmary School Groundwork South Our tenants In 2023-24: Agata Wojcleszkiewicz Hannah Horn Clarke Reynolds Rlchard Walker Kathryn Green Julian Butler Russi Dordl Kelly Ottesen Sharon Justlce Helena Symes Page 9 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 Examination Statement Independent Examiner's Report to the trustees of the Making Space for Crafts Ltd Registered Office and Principal Addre55 2 Bishopstoke Road Leigh Park Havant Hampshire P09 5BN I report on the accounts of the Company for the period from l April 2023 to 31 March 2024 which are set out In pages 10 to 19. Respectlve responslbilitles of the Councll of Management of Making Space for Crafts Ltd and Independent Examiner The Councll of Management (who are also the dirertors of the companyfor the purposes of company lawl are re5ponslble for the preparation of the accounts. The Council consider that an audit Is not requlred for the year under section 144(2) of the Charitles Act 2011 (the 2011 Act) and that an independent examinatlon is needed. The charlty Is rèqulred by company law to prepare accrued accounts and l am quallfled to undertake the examlnation by being a qualified Practicing Accountant of the Assoclatlon of Accounting Techniclans. Havlng satlsfled myself thatthe charity Is not subjeec to audlt under company law and is eliglble for Independent examlnation, It Is my responsiblllty to: examine the accounts under section 145 of the 2011 Act. follow the procedures lald down In the General Directlons glven by the Charity Commisslon under sectlon 14515llbl of the 2011 Act; and to state whether particular matters have come to my attention. Basls of Independent Examlner's Report My examlnation was carried out in'accordance wlth the General Dlrections glveD by the Charlty Commisslon. An examinatlon includes a review of the accounting records kept by the charlty and comparlson of the accounts presented with those records. It also includes consideration of any unusual Items or disclosures in the accounts and seeklnE explanations from the management commlttee concerning any such matters. The procedures undertaken do not provide all the evldence that would be requlred in full audit, and consequently I do not express an audlt opinlon on the accounts. Independent Examiner's Statement In connectlon with my examination, no matters have come to my attention whlch give me reasonable cause to belleve that In any materlal respert the requirements to keep aGcountln8 records In accordance wlth section 386 of the Companies Act 2006 or to prepare accounts which accord with these accounting records, comply wlth the accounting requirements of the Companles Act 2006,. which are conslstent with the methods and prlnciples of the statement of Recommended Prartice: Accounting'and Reportln8 by Charities,. have not been met: or to which, in my opinion, attention should be drawn In orderto enable a proper understanding of the accounts to be reached. Tim Light FMAAT Licence Number 8057 Lightatouch Page 10 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 7 Hodder Close, Chandlers Ford, Hants S053 4QD Statement of Financial Activities (Including summary income and expenditure account) for the year ended 31 March 2024 Unrestricted Unrestricted Restricted General proiert Funds Funds Funds io October 2024 Total Total Notes 2024 2023 Incomlng Resources From Generated Funds: Voluntory Income Donatlonsi gifts & legacies Donated use of premises Grants Activltlesfor Generating Funds Investment Income Interest Recelvable 4,009 25,364 30,000 500 4,509 .25,364. 117,171 301 28,000 106,361 87,171 1,470 ' 1,470 408 From Charitable Actjvitles: Particlpatlon fees, studio rental & outreach Other Income 57,348 15,478 72,8?6 51,998 13,381 13,381 4,428 Total Incomlng Resovrces 131,572 15.478 87,671 234.721 191,496 Resources Expended Costs of Generating Funds 256 256. 15 Charltable Activltles Expendlture- Classes & Projects Donated use of premises Core Support Costs Governance Costs 31,586 52,383 28,796 14,850 25,364 ' 88,686 8,320 5,947 25,364 140,701 8,320 28,000 119,809 7,771 52,015 Total Resources Expended 83,601 227,024 184,391 137,476 5,947 Net Incoming or (Outgoing) Resources and Net Movement in Funds forthe vear (5,904) 9,531 4,070 7,697 6,355 Transfers between funds 9,003 (9,0031 Fund balances brought forward from prior year 134 52,758 68,116 61,011 15,224 Fund balances carried forward to year ahead 18,323 662 56,828 75.813 68,116 Page 11 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 Balance Sheet as at 31 March 2024 Company Limited by Guarantee No: 8268201 Notes 2024 2023 Fixed assets Tangible a55ets (net book value) 12 1,604 2,217 1,604 1217 Current assets Debtors Cash at bank and in hand 13 7,042 103,681 6,707 79,853 110,723 86,560 Current Liabllltles Amounts falling due within one year 14 136,514) (20,661) Net current assets 75,813 68,116 Llabllities Amounts falllng due after more than one year Total assets le55 Ilabllsties 75,813 68,116 Net current assets 75,813 68,116 Funds: Unrestrlcted funds General funds Deslgnated funds Projeec funds 18,323 15,224 662 134 14 18.985 15,358 Restrirted funds 14 56,828 52,758 Total funds 16 75,813 68.116 Tara Goddard {Chairl 25 November 2024. Page 12 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 Notes forming part ol the financial statements for theyear ended 31 March 2024 l. Accounting policies (al Basis of preparation The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated In the relevant note{s) to these accounts. The accounts have been prepared in accordance wlth the Statement of Recommended Practice (SORPI, 'Accounting and Reporting by Charities. published In 2015, the Flnancial Reportlng Standard for Smaller Entltles, and appllcable accountin8 Standards. The comparative amounts shown are for the year ended 31 March 2022. Ib) Company status The charity is a company Ilmlted by guarantee. The members of the company are the Council of Management, named on page 2. In the event of the charity being wound Upi the liablllty in respect of the guarantee Is Ilmited to £1 per member of the charity. (c) Fund accountlng General funds are unrestricted funds which are avallable for use at the discretlon of the Council of Management in furtherance af the general obj'ectlves of the charlty, and whlch have not been designated for other purposes. Desl nated funds comprise unrestrlcted funds that have been set aslde by the Council of Managementfor particular purpose5. The alm and use of each designated fund Is set out In the notes to the financlal statements. No funds are currently designated. nrestricted ro ect funds comprlse income generated from specific pr.oJects which supportthoSÈ projects and any surplus at the end of the pro]ect Is transferred to general funds. Restrlcted funds are funds which are to be used in accordance with speclfic restrlctlons imposed by donors or which have been raised by the charity for partlcular purposes. The cost of ralsinB and admlnistering such funds are charged agalnstthe 5peclflcfund. The alm and use of each restricted fund is Set out In the notes to the flnancial statements. Id) Income All Income is included in the SOFA when the charlty Is le8ally entltled to the Income and the amount can be quantlfled with reasonable accuracy. No amounts are included in the financlal statements for services donated by volunteers. The value of donated facilitles and services has been estlmated from'the relevant fees that would be charged for their use. le) Expenditure All expenditure is accounted for on an accruals basis and has been classlfled under headlngs that aggregate all costs related to the cate8orv. Core support and governance costs are those Incurred in connectlon with admlnlstratlon of the charlty and compliance wlth constitutional and statutory requlrements, If) Tan8ible flxed assets and depreclation Tangible fixed assets costlng more than £1,000 are capltallsed and included at cost {prevlously £500), including any Incidental expenses of acquisitlon. Depreciation is provided on all tangible fixed assets at rates calculated tsn a reducing balance charged at 150h per year with small residu31 balances written off when appropriate. New fixed assets from 2020-21 onwards are depreciated on a straight line basis at 20 per year. {gl Operating leases A notional charge to rental applicable to the operating lease is charged to the SOFA and the value shown as a donated facility in income PaEe 13 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 2024 2024 Unrestricted Unrestricted Project Fund 2024 Restricted 2024 TOTAL 2023 TOTAL 2. Donations, gifts and legacie5 Indlvidual donations Gift Aid tax reclaimed Fundraising Donated use of premlses 2,327 405 1,277 25,364 500 2,827 405 1,277 25,364 301 28,000 29,373 500 29,873 28,301 3. Grants: Hampshlre County Council Wlnchester Clty Council Arts Councll England Natlonal Lottery Community Fund- Awards for All The Ashley Famlly Foundatlon The Henry Smith Charity Garfleld Weston Foundation Trusthouse Charitable Foundation The Arnold Clark Community Fund Hants IOW Community Foundatlon Llttle Llves UK Portsdown Arts Society The Ra8doll Foundation Postcode socle.ty Trust Warburtons ASDA Foundation 24,035 4,223 24,622 24,035 4,223 24,622 22,429 30,778 10,000 10,000 10,000 10,000 20,000 20,QOO 15,000 20,000 1,000 12,241 12,241 7,5QO 2,154 2,250 8,500 500 400 400 2,250 7,500 500 400 400 7,500 30,000 87,171 117,171 106,361 4. Investment Income Interest received 1.470 1,470 408 5. Charltable actlvltles Class participation income Studio rental Comrnissioned Outreach Project outreach income 34,391 22,957 34,391 22,957 8,661 6,818 23,687 20,860 5,958 1,493 8,661 6,818 57.348 15,479 72,827 51,998 6. Other IncomQ Room & equipment hire Events Income Consultancy Sales of work Sundry Income 10,167 1,650 561 738 265 10,167 1,650 561 738 265 3,380 12 141 895 Page 14 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 13,381 13,381 4,428 TOTAL INCOMING RESOURCES 131,572 15,479 87.671 234,722 191,496 2024 2024 2024 Unrestritted Unrestritted Restricted Project Fund 2024 TOTAL 2023 TOTAL 7. Fundralslng Costs Event & other costs 256 256 15 Total Fundralslng Costs 256 256 15 8. Charitable Activltles DirectActivity Costs Participatory classes Bursary Contributions Commissioned outreach Costs of events Costs of hire income Consultlng costs Project costs Stock project materials Marketing & open Studios Contribution from projects 21,168 (7,2001 21,168 14,943 7,200 5,947 5,947 683 145 3,599 683 145 220 37 8,195 22,257 936 893 300 22,257 {9361 1,290 (3001 2,183 2,552 Total Direct Attivity Costs 14,850 5.947 31,586 52,383 28,796 Core Support Costs Salarles Employers National Ins Employers penslon costs Freelance consultants Other staff & volunteer osts Premlses costs.Incl. utllltles Equlpment servlclng & purchased Offlce & IT ¢osts Insurance & legal costs Lease Turnover Charge Contrlbutlon to core costs from projects (management & room use) Depreciatlon of tanglble assets Disposal of fixed assets Donated use of premises 74,147 2,535 2,488 510 28,299 406 374 102,446 2,941 2,862 510 84,489 1,520 2,233 2,470 976 438 1,414 1,419 16,995 16,995 18,601 4,553 80 4,633 2,326 3,692 1,582 2,636 377 4,069 1,582 2,636 4,551 1,550 122,0411 22,041 613 613 650 25,364 25,364 28,000 Total Core Support Costs 114.050 52,015 166.065 147.809 Page 15 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 9. Governance Costs Independent Examination Bookkeeping & accounts Bank & card char8es General board expenses 545 6,475 1,049 251 545 6,475 1,049 251 475 6,450 740 106 Total Governance Costs 8,320 8,320 7,771 TOTAL RESOURCES EXPENDED 137,476 5,947 83,601 227,024 184,391 10. Staff Costs. No employees received employee beneflts (excluding employer pension costs) of more than £60,000. Natlonal Insurance costs are stated after deduction of £5,000 Employers Allowance. The number of full-tlme equlvalent employees at year end was 2.812023: 2.8). The average monthly number of employees durlng the year was 5.512023: 51. The charity has also benefltted from the contribution of unpald general volunteers. The value of thls is not reco8nised in the accounts. 11. Council of Management remuneratlon Three members of the Councll of Management who are craft professlonals received a total of £9,001 In fees for freelance professlonal servlces (2023 one received El,613) Out of pocket expenses reimbursed to Council of Management: Nll (2023: Nil) 12. Tanglble flxed assets Fixtures, flttlngs & equipment Total Computer & IT Equlpment Cost At l April 2023 Addltlons Dlsposals 16,261 2,000 18,261 At 31 March 2024 16,261 2,000 18,261 Depreclation At l April 2023 Charge for period Disposals 14,844 213 1,200 400 16,044 .613 At 31 March 2024 15,057 1,600 16,657 Net book valuo At 31 March 2024 1,204 400 1,604 At 31 March 2023 1,417 800 2.217 Capital expenditure'contrarted for, but not provided in the financial statements, was £ nil. Page 16 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 13. Debtor5 2024 2023 Trade debtors Other debtors Prepayments & other accrued income 4,327 1,086 1,629 4,347 2,360 Total 7,042 6,707 14. Current Ilabllltles: amounts falling due within one year 2024 2023 Trade debtors Trade creditors Accruals Deferred Incame grants & fees Class Income credlt from cancellatlons Other creditors 326 5,071 7,963 6,079 7,799 6,846 14,261 7,608 1,222 Total 36,514 20,661 15. Statement of funds Unrestrlrted funds: l Aprll 2023 Income Expendlture Transfers 31 March 2024 General funds 15,224 106,208 (111652) 9,003 17,783 Unrestricted project funds: IAprll 2023 Transfers to Expendlture unrestrlcted Income Transfers between projetts Income 31 March 2024 Commlssioned Outreach Creative Futures Makin8 Together Reach Out 4 Upstitth Levs Create Leigh Park: Craft Club Craft Community Create Together Open Studios 8,661 15,9471 {2,7141 {3,800) 1171) 3,800 37 662 300 134 662 1300) 374 609 660 375 {3741 (6091 {6601 13751 Total unrestricted project funds 134 15,478 (5,947) (9,003) 662 Page 17 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 Restricted funds: l April 2023 Direct Activity Expenditure Core Support Costs Transfers between projetts 31 March 2024 Income Creative Futures Craft In Our Communlty Craft in Our Comm Iwlnchester) Maklng Together Reach Out 4 Money Barn Outreach Money Barn Social Impact Upstitch CraftoloEV Let's Create Lelgh Park Craftclub Craft Communlty Create Together Open Studios Kitchen Refurb Bursarles 7,421 8,500 16,9021 13, 1261 16,9851 5,893 7,908 (9231 4,223 13,059) 1810) 13,151) {1,164) 1841) (1,990) (5,000) 1,651 7,129 1,988 5,000 7,500 7,500 4,656 16,041 11,8961 11, 1981 12,984) 1814) (1,301} 18651 (4831 12,7601 13,1641 122,830) 1940) 1935) 12,0401 (2401 11,679 30,778 24,622 (7,6181 1,754 2,236 2,905 723 21,968 7,800 7,200 7,800 17,2001 Total restricted funds 52,758 87,671 (31,586) (52,015) 56,828 l Aprll 2023 Income Expendlture 31 March 2024 TOTAL FUNDS 68,116 209.358 (202,200) 75,272 The General reserve represents the free funds of the charlty which are not designated for partlcuiar purposes. Unrestrlcted project funds are income generated from speclflc projects which support those projerts and any surplus at the end of the projert transferred to general funds. The Restrlcted funds support specific projerts (Note 161 and associated core costs. Charges for core support costs can be made to proJects for management, use of rooms and use of materials from those held In stock. Some projeecs also support salary costs. 16. Descrlptlon of ProJectS Creative Future5- Provides young women from Lelgh Park wlth the opportunity to experlment wlth textile design and explore a creative future, mentored by 4 professional makers. Work is exhibited in Hampshire Open Studios and participants have the opportunity to work towards an Art5 Award Craft in Our Communi - A programme of training for volunteers and service providers in Winchester based charities, libraries, community centres, care facilities and educational centres to enable them to plan and deliver creative sessions for their user groups. Page 18 of 19
MAKING SPACE FOR CRAFTS LTD 2023-24 Makin ether- A series of holiday workshops which gave children the opportunity to make with their grown-ups, developing skills together and work with professional artists on a range of complex crafts, promoting family cohesion and shared experience. Reach Out 4-A further Short Breaks funded programme providing high quality creative workshops for children and young people with additional needs. Mone barn Outreach - A contribution to the salary of our Outreach Manager in order to to curate and deliver a series of youth craft sessions forthe young people of Leigh Park, addressing Issues of low confldence, self.esteem and asplratlon. Mone Barn Soclal Im act- Fundlng to SUPPOrt our A Space to Make community sesslon. This sesslon was developed durin8 the year, to Include facllltatlon and rebranded as Craftology. U stitch - A series of workshops to teach sewlngi applique, knitting and crochet wlth the goal of repurposing dlscarded textiles. The finlshed pieces were donated to warm hubs in Havant, to keep local people warm throu8h the wlnter. Craftolo a free weekly facllltated session that explores technlques, and possibllltles wlth materials and experimentation. Sessions have proved a springboard to deeper engagement with uur work. Levs Create Lei h Park- An 18-month pilot proJect which will provlde Lelgh Park wlth 152 opportunlties to experlence craft through open sesslons, skills workshops & exhlbltlons. Building thrivin8 creatlve community wlth the exciting, dynamlc opportunities they deserve, 'levelllng up, creative provlslon In Havant. It contalns the 5ub-proJects Craft Club, Craft Community, Create Together and OpÈn Studlos Kitchen Refurbishment- A project to improve facllltles for users of Maklng Space. Bursarles- Placès on our 5- and 10-wéek courses for those for whom finance Is a barrier to developlng skills. Places also made avallable to carers to provide much needed respite Co ned Outreach- Engagement work for fees undertaken Park Communlty School, Barncroft Primary School, Portsmouth City Councll, Enable Ability, Hampshlre Library Service and Groundwork South , 17. Analysis of group net assets between funds Fund balances at 31 March 2024 are represented by: General funds Unrestricted Projett funds Restrlcted tunds Total funds 2023 Tangible fixed assets Current assets Current liabilities 1,604 52,438 135,7191 1,604 110,723 136,514) 2,217 86,560 120,6611 982 1320) 57,303 1475) Total net assets 18,323 662 56,828 75,813 68,116 Page 19 of 19