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
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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.
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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.
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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
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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.
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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.
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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)
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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
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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
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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