COMPANY REGISTRATION NUMBER: 06441350 CHARITY REGISTRATION NUMBER: 1122304
Another Space Ltd Company Limited by Guarantee Unaudited Financial Statements 30 November 2020
LAMONT PRIDMORE
Chartered accountants 136 Highgate Kendal Cumbria LA9 4HW
Another Space Ltd
Company Limited by Guarantee
Financial Statements
Year ended 30 November 2020
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities (including income and | |
| expenditure account) | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
Another Space Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 November 2020
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 November 2020.
Reference and administrative details
Registered charity name Another Space Ltd Charity registration number 1122304 Company registration number 06441350 Principal office and registered 20 Maple Close office Sedbergh Cumbria LA10 5JE
The trustees
Mr C Atkins Mrs S Walker Mr T Avery Company secretary Mr T Avery Independent examiner Karl Burrell FCCA MAAT ACMI Managing Director For and on Behalf of Lamont Pridmore 136 Highgate Kendal Cumbria LA9 4HW
Structure, governance and management
Another Space Limited is a registered charity. The governing document deed is dated 29 November 2009. The objective of the charity is to advance the education of the public in the subject of historic issues pertinent to the North West of England using an artistic approach.
Objectives and activities
The continuing aim and objective is to educate people in matters of local history through the use and involvement of oral history, archives, documents and exhibitions at the heart of the community. One of the ultimate objectives is to establish a permanent and fitting commemoration in the Lake District of the link between the child Holocaust Survivors and the local area that welcomed them in 1945.
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Another Space Ltd
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 November 2020
Achievements and performance
The exhibition and project activities of 2019-20 were largely curtailed due to Covid but the agreements with Arts Council England and Heritage Lottery Fund means that we can deliver the final projects in 2021 instead.
The permanent exhibition "From Auschwitz to Ambleside", which tells the story of the three hundred child Holocaust Survivors who came to the Lake District in 1945 directly from the concentration camps of Nazi Occupied Europe, was an increasingly popular pre-Covid and will re-emerge stronger following the international film and documentary release.
Online talks and consultations continued the with UK Holocaust Memorial Foundation in Downing Street, 45 Aid Society (Holocaust Survivors) UK, United Nations,
The space is provided free of charge as support from Cumbria County Council and is a welcome facility for the charity as it enables work to be carried out at the heart of the Lake District and in the location where the child survivors stayed in 1945.
Financial review
Funding support for activities in 2019-2020 came from a variety of sources.
Total income for the year amounted to £43,749. This included significant support from:
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1.South Lakes District Council awarded £1,250 towards the programme.
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Arts Council England awarded £19,200 towards the annual programme of activities.
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Heritage Lottery Fund awarded £19,680 towards projects.
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Donations fell on the previous year and were mainly through our new, online facility.
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Overall, grants made up a healthy £41,130 of income during a very challenging year.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 26 August 2021 and signed on behalf of the board of trustees by:
Mr T Avery Charity Secretary
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Another Space Ltd
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Another Space Ltd
Year ended 30 November 2020
I report to the trustees on my examination of the financial statements of Another Space Ltd ('the charity') for the year ended 30 November 2020.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Karl Burrell FCCA MAAT ACMI Managing Director For and on Behalf of Lamont Pridmore Independent Examiner
136 Highgate Kendal Cumbria LA9 4HW
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Another Space Ltd
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 30 November 2020
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 5 | 4,869 | 38,880 | 43,749 | 44,621 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total income | 4,869 | 38,880 | 43,749 | 44,621 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 5,555 | 38,365 | 43,919 | 48,191 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 5,555 | 38,365 | 43,919 | 48,191 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net expenditure and net movement | in | ||||
| funds | (686) | 515 | (170) | (3,570) | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 21,976 | 6,223 | 28,199 | 31,769 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 21,290 ৶৶৶৶৶৶৶৶ |
6,738 ৶৶৶৶৶৶৶৶ |
28,028 ৶৶৶৶৶৶৶৶ |
28,199 ৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 10 form part of these financial statements.
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Another Space Ltd
Company Limited by Guarantee
Statement of Financial Position
30 November 2020
| 2020 | 2019 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 10 | 2,318 | 4,189 | |
| Current assets | ||||
| Debtors | 11 | – | 2,500 | |
| Cash at bank and in hand | 26,613 | 22,404 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| 26,613 | 24,904 | |||
| Creditors: amounts falling due within one year | 12 | 902 | 894 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Net current assets | 25,711 | 24,010 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Total assets less current liabilities | 28,029 | 28,199 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Net assets | 28,029 | 28,199 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| Funds of the charity | ||||
| Restricted funds | 6,738 | 6,223 | ||
| Unrestricted funds | 21,290 | 21,976 | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Total charity funds | 13 | 28,028 | 28,199 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
For the year ending 30 November 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 26 August 2021, and are signed on behalf of the board by:
Mr T Avery Director
The notes on pages 6 to 10 form part of these financial statements.
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Another Space Ltd
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 November 2020
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 20 Maple Close, Sedbergh, Cumbria, LA10 5JE.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Another Space Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 November 2020
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
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Another Space Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 November 2020
3. Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 33% straight line
4. Limited by guarantee
Another Space Limited is a company limited by guarantee. If the Charity is dissolved, every existing member will contribute a sum not exceeding £10 towards the payments of debts and liabilities, and the cost of expenses of winding up.
5. Donations and legacies
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2020 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 919 | – | 919 | |
| Workshops and Bursaries | 1,500 | – | 1,500 | |
| Grants | ||||
| Grants receivable | 2,450 | 38,880 | 41,330 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 4,869 | 38,880 | 43,749 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2019 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 4,679 | – | 4,679 | |
| Workshops and Bursaries | – | – | – | |
| Grants | ||||
| Grants receivable | – | 39,942 | 39,942 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| 4,679 | 39,942 | 44,621 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 6. | Net expenditure | |||
| Net expenditure is stated after charging/(crediting): | ||||
| 2020 | 2019 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 2,611 | 2,388 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
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Another Space Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 November 2020
7. Independent examination fees
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 902 | 874 |
| ৶৶৶৶ | ৶৶৶৶ |
8. Staff costs
The average numbers of persons employed by the charity during the year was: Nil (2019: Nil).
9. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
10. Tangible fixed assets
| Equipment | Total | ||
|---|---|---|---|
| £ | £ | ||
| Cost | |||
| At 1 December 2019 | 10,754 | 10,754 | |
| Additions | 740 | 740 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| At 30 November 2020 | 11,494 | 11,494 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Depreciation | |||
| At 1 December 2019 | 6,565 | 6,565 | |
| Charge for the year | 2,611 | 2,611 | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| At 30 November 2020 | 9,176 | 9,176 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Carrying amount | |||
| At 30 November 2020 | 2,318 | 2,318 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| At 30 November 2019 | 4,189 | 4,189 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| 11. | Debtors | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Other debtors | – | 2,500 | |
| ৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 12. | Creditors: amounts falling due within one year | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Accruals and deferred income | 902 | 894 | |
| ৶৶৶৶ | ৶৶৶৶ |
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Another Space Ltd
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 November 2020
13. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 | December 2 | 30 November | |||
| 019 | Income | Expenditure | 2020 | ||
| £ | £ | £ | £ | ||
| General funds | 21,976 | 4,869 | (5,555) | 21,290 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| At | At | ||||
| 1 | December 2 | 30 November | |||
| 018 | Income | Expenditure | 2019 | ||
| £ | £ | £ | £ | ||
| General funds | 24,338 | 4,679 | (7,041) | 21,976 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Restricted funds | |||||
| At | At | ||||
| 1 | December 2 | 30 November | |||
| 019 | Income | Expenditure | 2020 | ||
| £ | £ | £ | £ | ||
| Restricted Fund | 6,223 | 38,880 | (38,365) | 6,738 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| At | At | ||||
| 1 | December 2 | 30 November | |||
| 018 | Income | Expenditure | 2019 | ||
| £ | £ | £ | £ | ||
| Restricted Fund | 7,431 | 39,942 | (41,150) | 6,223 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 14. | Analysis of net assets between funds | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| £ | £ | £ | |||
| Current assets | 21,291 | 6,738 | 28,029 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2019 | |||
| £ | £ | £ | |||
| Current assets | 21,976 | 6,223 | 28,199 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
Signature:
Email:[karl@lamontpridmore.co.uk]
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