Report of the Trustees and Financial Statements
Year Ended 31st March 2022
a space: growing creative communities (t/a 'a space, arts)
Registered company number: 07007198 IEngland and WaLesl
Registered charity number.. 1136495
a space

REGISTERED COMPANY NUMBER: 070071911 (England and Wales)
REGISTERED CHARITY NLMBER: 1136495
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STA TEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
FOR
A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A COMPANY LIMITED BY GUARANTEE)
Hopper Williams & Bell Limited
C.harteied AcLoui)tants
Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
S053 4AR

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Page
Report of the Trustees
IndepeThdent Examiner's Report
Statement of Financial Activities
Balance Sheet
10 to 11
Notes to the Flnanclal Statements
12 to 20

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
spgce: growing cre4¢ive communities (TIA as-'a space, arts)
w.aspacearts.org.uk
The trustees who are also directors of the charity for Ihe purposes of the Cornpanies Act 2006, present their rekx)rt with
the financial statements of the chariry for the year ended 31 March 2022. The trustees have adopted the provisions of
Aecoullting and Reporting by Charitie%.' Statement of Recommended Practice applicable to Charitie% preparing their
accounts in accordance with the Finallcial Reporting Standard applicable in the UK and Repiiblic of Ireland (FRS 102)
(effective l January 2019).
CHAIRMAN'S STATEMENT
This year has been one of great challenge but a150 Opportunity.
We Teopened God's House Tower with caution in June 2021, being P￿dent to conserve re5011rce and finance through a
three day a week operating model. Our audience ha5 Steadily but slowly returned and we weie conscious of rebuilding in
a way that was financially sustainable. Tliis ha5 led us to look again at our operatit]g inodel and to recogni5e the great
importance ol'oui work to support artists in the LTeatioi) ol'ori¥inal work which was so impaLttd by Covid.
Our Artists Resources progrdmme has gone from strengtl) tts Strengtl) and oui studio spaces retained artists througl)out the
pandemic due to our suppvrtive approach tts rental policy. We aTe pioud of the way we were able to nurture artistic talent
comiii¥ out of the pandtrnic, the bupport for artists been exemplary through the whole period and new and exciting
plans foi further artists support projects have emerged.
As ever, we are hugely grateful to the team for their flexibility. creativity and dedication which has resulted in a very
positii'e return to full operation, in fact extending their pre Covid work. God's House Tower is now functioning well as
one of the most exciting arts spaces in the region, and we believe the next period of development will see exciting new
and sustainable initiatives placing the organisation at ihe heart of Southampton's creative community.
DIRECTORS STATEMENT
Reopening and welcoming the public back into our venues headlined by reopening GHT in June 2021 has been a joyous
experience. seeing people retym and embrace our cultural programming has been hugely uplifting for our team.
A strong set of exhibitions and activitie.% marked the return of GHT with highlights including the socially engaged 'knit
the walls,, an inaugiiral chri￿tmaS market and intert]ational women's day exhibition alollg with the moving and emotive
audio work by Emily Peasgood. As we look ahead into 2022 the %trength of the GHT programme build￿ and we look
forward to exhibitions by Enain Gbewonyo, Ebun Sodipo for Black History Month and the second incarnation of Lucky
Dip our micro-bursary ba%ed exhibition. A% we Jnove out of the pandemic's shadow we also re￿r￿ to growing our
evening economy with live event￿ and feel optimistic that audience.% will rebuild.
The pandemic Shifted our annual open Studio event at the ATches to Septeinber with all Te5idents enjoying the public
returnit]b to the event followit]g tlie online version in 2021. Occupancy at the 5Mdios ha5 returned post-pandemic, the
studi05 are full again and we are now lookinbF forward to the 2022 open studio event in September.
The spirit and moial in Old Northam Road tl)roubTh the RIPE pioject and work of the ZEST Collective remains IiibFh.
Bolstered by the 4th annual Lol)ort of new artists. the RIPE Peaches. and a new sense of fieedom in the ZEST Collective
following their first Arts Council giant.
This is underpinned by our tsngoing Artist ResouiLes work with the continuation of popular aspects including artist 1-2-
I's, ai)d Artist Networks alongside expansions in Artist Voices to include professionals from outside tsf the city and guest
artists hosting 1-2-1's drawn from oui exhibitions prtsgrainme.
Page I

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
Our team from ix)ard member to staff team is unified, supportive and upbeat as we now plan for the future with more
confidence and optimism. In the year ahead, 2022123, will airn to strengthen the core of the organisation with new
funding, diversify income through a new business plan and continue to deliver a high-qualiry, relevant, inclusive and
exciting cultural programme.
OBJECTIVES AND ACTIVITIES
Charitable Objective
The charitie% fonnal objective is.
To promote, maintain, improve and advance ediication for the benefit of the public, by developing public appreciation
and understanding of vi%ual arts and by improving acce%$ to, and the quality of the vi%ual art%, primarily but not exclusively
in Southampton and its surrounding area.
Mission StatemeTht
To deliver our fotmal charitable objective three core aims are at heart of our work..
- To support and charnpion the work of visual artists and create opportllnities for thern to thrive by establishing financially
Sustainable careers.
To positively change the city's visual arts coiknmunity by championing and bUPPOrting artists, including the under-
represented.
Tts create opportunities for the public to engage with. leam from and be ii)spiied by the work of visual artists.
Page 2

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
ACHIEVEMENT AND PERFORMANCE
Background
Established in 2000 as an organis3tion 'by artists for artists. we have retained an enterprising approach to our work and
developed a project portfolio to achieve our aims of supporting visual artists and inspiring audiences.
The organisation's ethos has grown since our Director and founder, Daniel Crow, conceived of a space, arts upon
graduating with a degree in Fine Art. Motivated to create exhibition %pace.% for emerging arti%ts in Soiithampton he opened
our fJr%t gallery, a converted Victorian shop Ulllt on Old Northam Road ivith a £500 grant from Hajnpshire Coiillty
Council. Ever since we have %ince grown incrementally and strategically acro%s multiple project%, ciilturally reanimating
several buildillg% in Southampton, becoming a rtgi%tered charity and an Art% Council England (ACE) National Portfolio
Organisation (NPOI.
Founding Projects- The Arches, ArtVAults, the Bargate Monument Gallery
For over 20 years we have culturally reanimated vacant spaces in and around Southampton to Create S￿d10S, galleries and
public venue5 that support visual artist5 and offer cominunities high-quality cultural experiences.
Underpinning our support foi artists is affordable studio space with the Arches, our first studio project opening in 2004
followed by Tower House in 2011. Both piojects. contribute to the legion's aftoTdable studio sector and collectively
provide 27 spaces for visual artlbts at varyin¥ career sta¥es workin¥ across a range of media.
Our reputation for culturally reaniinatin¥ heritage sites was initiated in 2004 with the innovative project Artvaults that
utilised 12 medieval vaultb around South￿plo￿,s Old Toivn as exhibitions spaces. creating a free public trail. This
seminal project inforn]ed us of the powerful combination arts and heritage and opened up a new pathway for our growth
and development.
Between 2006 and 2012 we ran the Bargate Monument Gallery on the first floor of the Bargate, the fomier medieval
gateway to the Old Town, in the heart of the city centre. This important chapter in our history raised our profile.
broadened our experience, offered artists a high-profile exhibition space and expanded our audiences. These years were
an important period for the organisation as we received our first major etemal fvnding from the Esmée Fairbairn
Foundation, our first ACE grant, became 8 charity and established a board.
Current activities
We achieve our mission across the following projects and activities to SllPPOrt the artists and communities we serve.
Gods House Tower (GHD- godshou5etoTrver.org.uk
Our vision tran%formed GHT taking it frojn a vacant scheduled anciellt monument to a dynamic new arts and heritage
venue in the heart of the old town. Thi% flagship venue now ho.%t% and enticing exhibition% and activities programme by
regional visual arts talent and cultural practitioners that attracts audiences from a wide deJnogTaphic spectrum. The
vet]ue it]cludes a permeant exliibition '5tories bel)ind the 5tone5', located in the tower about the inonument5 history
alonbFside a chanbFITlbT exhibition5, activities and live progFramine.
Income is generated through a cafe, bar and Shop, ticket 5ale5 to the tower exhibition, regulaT PTivate hire5 and the recent
return of live events a5 we rebuild a post pandeinic evening economy.
Following a 7 year development pioject GHT launched in October 2019 and live months later was forced to close due to
the pandemic. Thiough Laieful linanLial managemei)t, an organisational iestiuctuie and eineigency funding we survived.
GHT ieopened in June 2021 on a ieduLed houts maximum impact m(xlel, with activities foLused on a 3-day week (Friday
to Sunday) mitigating tsveThead risks as audiences iebuild.
Page 3

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
RIPE- ripe$outh&mtpn.¢o.uk
RIPE ig designed to retain artistic talent edu¢ated at both of our local partner universities {Solent and Southampton), it is
achieving this and demonstrating far more potential than originally envisaged. The seasonal programme of events and
exhibitions across three character properties with gallery spaces and artist studios gupports an annual cohort of new
graduates, after which the is an option for them to join the ZEST Collective a growing artist community based in the road.
The Project is CUl￿ra1[Y reanimating Old Northam Road IONRI a neglected part of the city centre and there %ignificant
room and an appetite from the Organi￿ation and partllers to %ustainably grow the project further. A 10 year visiot] to create
a new independent arti%t quarter in ONR emerging, a vi.%ion included in Southampton's UK City of Cill￿re bid and on¢
of the legacy projects that could now be taken fonvard.
Arches- aspacearts.org.uk15tlldioslarches-5tudios
The Arches Studios provide an affordable, 5UPPOrtive and creative enviTonment and 15 horne to 21 visual artists. The Studio
re5idet]ts work across a wide range mediurn and PTactlCe5 including painting, sculpture and ceramics along with Social
engabFed PTactice5 and actlVj51ti.
Resident5 are offered an all-inclusive package and 24-7 site access whicli allow5 the artist5 to focu5 011 theiT practice,
flourish, and be part ol. a vibraiit creative cominuiiity within the city. A higlili¥ht of the local arts calendar is the ArLhtS
an open btudios event which each 5ummet offers the pubic free workshops, demonstratitsns. exhibitions and events over
the course weekend.
Artlst Resources- #spaecarts.or2.uklartist-development
Artist development is the gvldtn thitad tunning tliiou¥h oui work from inception tts the piesent day and through all of
the propenies we inhabit from Victorian railway arch to Medieval monument. In 2018, with the support of ACE NPO
funding we increased our support for visual artists ihrough the creation a rnulti-strand Artist Development Plan.
Highlights from ihe current artist development programme consist of..
-One-to-One meetings with a focus on develop funding applications and project proposals.
-Artist Peer Neiworks to grow artist neiworks and supportive groups in the city.
-Artists Voices events, talks and discussions to share experiences and best practice.
-Turning Point to support artists make new work through a micro-bursary.
-Artist Resources handbook a regularly ll￿dated publication to signpost exhibition, funding and development
opportunities for visual artists.
Page 4

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
FINANCIAL REVIEW
Financial perform&n¢e And positio
The charity has been generously supported by grant funding in the period, enabling the completion of the refurbishment
of God's House Tower and continued support for the Charity's other projects.
As mentioned earlier in this report, the charity has been impacted by the Covid-19 pandemic which led to a loss of income
from its charitable activities and a period of time where G(MJ's House Tower was closed, however grant funders stepped
in to bridge the gap alld strengthen the charity'.% ￿nd￿.
Total held by the charity at the end of the reporting period were £1,838,49112021.. £1,909,610) of which £40,745
(2021.. £nil) represented restricted funds not available for general purpo.%e% ofthe charity.
The charity's free reserve% at the end of the reporting period are..
Total reserve5
Less.. Restricted re5etves
Less.. De5igFnated re5etves
Less.. Catryin¥ amount tsf functional assets
1.833,792
140,7461
159,9621
1,407,476)
Free reserves
325 608
Included within the free reserve5 figure above, £256,718 is held within our bank deposit account. £68,890 ren￿l￿S as
uniestricted lunds held by the Chaiity.
The ieberves policy (below) states the charity aspiies to hold 6 moi)ths' operational costs, which ale expected tts be
£275.000150% 01.£550,0001 for 2022-23. Therefore adequate reserveb held, in line with the reserves policy.
Resetryes polley
A level of general reserves is required to cover temporary cash shortfalls, for example if the charity is awaiting its nexi
grant instalment. The charity aspires to hold six months, worth of annual operating costs (staff and all overheads) in
reserve, as this will enable day to day running costs to be covered in the event of such a shortfall.
Trustees have also chosen to designate a reseriwe for the God's House Tower future maintenance reserve (the God's House
Tower Sinking Fund). As responsible custodians of a scheduled ancient monument the charity aims to retain £4,690 per
year towards the future Management and Maintenance Costs of the building with a target of £117,250 over the 25-year
temi of the lease.
Every 12 months, the Trustees will review this policy to ascertain if the level of reserves being held by the charity are
appropriate and aligned the to the operational costs (staff and all overheads) of the financial year ahead.
STRUCTURE, GOVEILNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing dociiment, a deed of trust, and const]￿teS a limited company, limited by
guarantee, as defined by the Companies Act 2006.
Page 5

**A SPACE: GROWING CREATIVE COMMUNITIES LTD (A COMPANY LIMITED BY GUARANTEE)** 

**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees** 

The charity may by ordinary resolution: 

Appoint a person who is willing to act to be a Trustee; and determine the rotation in which any additional Trustees are to retire. 

No person other than a Trustee retiring by rotation may be appointed a Trustee at any general meeting unless: 

(1) he or she is recommended for re-election by the Trustees; or 

(2) not less than fourteen nor more than thirty-five clear days before the date of the meeting, the charity is given a notice that: 

(a) is signed by a member entitled to vote at the meeting; 

(b) states the member's intention to propose the appointment of a person as a Trustee; 

(c) contains the details that, if the person were to be appointed, the charity would have to file at Companies House; and 

(d) is signed by the person who is to be proposed to show his or her willingness to be appointed. 

All members who are entitled to receive notice of a general meeting must be given not less than seven nor more than twenty-eight clear days' notice of any resolution to be put to the meeting to appoint a Trustee other than a Trustee who is to retire by rotation. 

The Trustees may appoint a person who is willing to act to be a Trustee. 

A Trustee appointed by a resolution of the other Trustees must retire at the next annual general meeting and must not be taken into account in determining the Trustees who are to retire by rotation. 

The appointment of a Trustee, whether by the charity in general meeting or by the other Trustees, must not cause the number of Trustees to exceed any number fixed as the maximum number of Trustees. 

## **Workforce** 

## **Board members** 

Our current board consists of: 

- Marilyn Scott OBE - Chair 

- Annie Reilly - Deputy Chair 

- Darren Phillips - Treasurer 

- Sophia Mirchandani 

- Nazneen Ahmed 

- Sarah Filmer 

- Vicki Orba 

- Zoe Grant 

- Dan Matthews 

## **Staff team** 

Our current staff team currently consists of: 

- Daniel Crow - Director 

- Kalleesha Mendie - Finance Manager 

- Hannah Preston - GHT Venue Manager 

- Damian Cook - Communications Manager 

- Mia Delve - Programme Officer 

- Mary Cork - Artist Development Officer 

- Kirstie Banks - Communications Officer 

- Celeste Ingram - Creative Programme Assistant (studios) 

- James Hunter - Creative Programme Assistant 

Page 6 



A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Compan}. number
07007198 (England and Wales)
Registered Charity number
1136495
Registered office
Tower House
Town Quay Road
Southampton
Hamp%hire
S014 2NY
Independent Ex#miTher
Michaela Johns
FCCA
Hopper Williams & Bell Limited
Chartered Accountants
Hi¥hland House
Mayflvwei Close
Chan(Il¢r's Ford
Hampbhiie
S053 4AR
Bankers
HSBL". Bank PIC
55 Above Bar Street
Souihampton
Hampshire
S0147DZ
This report h&$ been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to
small companies.
Approved by order of the board of trnstees on .
2310812022
and signed on its behalf by..
M5 M J Scott- Trustee
Page 7

+U)EPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A COMPANY LIMITED BY GUARANTEE)
Independent exgminer's report to the trustees ofA Space: Groiving Creative Communities Ltd (A company limited
by gu8rantee) ('the Company,)
I report to the ckwity iTUStees on my examination of the accoullts of the Company fw the year ended 31 March 2022.
Responsibilitles and basis of repoyt
As the charity's trustees of the Company (and also its diLeCtors for the PUTposes of company law) you are responsible for
tl)e preparation of the accouttts in accordance with the requirements of the compa￿1￿ Act 2006 ('the 2006 Act).
Having satisfied myself that the accounts of the Company are not required to be audited undth, Part 16 of the 2006 Act
and are eligible for independent examinatio￿ I reEx)it in respect of my examination of your chayity's aecounts as canied
out under section 145 of the Chai"ities Aet 2011 {'the 2011 Act'l. In carrying out my examination I hav¢ followed tILe
Directions given by the Ch￿'Ity Commission undei section 145(5) (b) of the 201 I Aet.
Independent examlller's statement
Sinee your chaiity's gross income exceeded £250,(K)O your examiner must be a member of 2 listed Ix)dy. l ean confirnj
that I am qU￿l[led tts undertake th¢ ex2tllination becau8¢ 1 am a registered member tsf FCCA which is one of the listed
bodieA.
I havecompleted myexamination. I confirn) thatno matt￿8 have come to my att¢ntion inconncdion with the examination
givillg me cause to believe..
8¢¢ounting Tecords were notkept ill r¢sp¢¢t of the Company as r¢quired by s¢¢ti0tt 386 of the 2006 Ad" or
the aceounts do not accfJrdwEth thosc i'ccord*- or
llie accounts da not comply with the accounting rcquii'cmcnL% of scction 396 of thc 2006 Act othcr than any
r¢quircmcnt t[￿t thc accaunts givc a trnc and fair vicwwhich is not a mattcr considered part of an indepcndent
examination. or
the LceountA h&ve not been PiEpared in ac¢￿'dance with the methods attd piincipl￿ of the Stalement of
Recommcndcd Practicc for accountittg and reporting by Ch￿itiCI (appliclble to charitic$ prcparing thcir accounts
in accordance with the Financial Reporting Stsndard applicable in ihe UK and R¢public of Ir¢land (FRS 102)).
I have no concerns and havc come across no othcr mattcrs in conncction with thc cxaminatioD to which attention should
be drawts in this r¢p)Lt in order to ¢nibl¢ aprop•' ￿t￿¢rStand1llg of the a¢¢ounts to be i'ea¢hed.
Mi¢haela Johns
FCCA
Hopper Williams & Bell Limited
Chartcrcd Accountant8
Highl8nd House
Mayflower Close
Chandlcls Ford
Ea8tlcigh
H￿ps￿lLE
S053 4AR
Date..
Page 8

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
2022
Tot91
funds
2021
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOP+qE AND ENDOWMENTS FROM
Charitable ficti￿111¢$
Supporting artists in Southampton
146,974
132,127
279,101
563,302
Other trading activities
Inve%tment incom¢
179,043
73
19,986
199,029
73
68,399
45
Total
326,090
152,113
478,203
631,746
EXPENDITURE ON
Raising funds
21,537
8,1118
29,645
6,390
Charitable activities
Supporting artist% in Southampton
421,116
103,260
524,376
419,054
Total
442,653
111,368
554,021
425,444
LYET INCOMEI(EXPELNDITURE)
(116,563)
40,745
(75,818)
206.302
RECONCILIATION OF FULYDS
Total funds brought forwArd
1,909,610
1,909,610
1,703,308
TOTAL FUNDS CARRIED FORWARD
1.793,047
40,745
1.833,792
1,909.610
The notes form part of these financial statements
Page 9

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
BALANCE SHEET
31 MARCH 2022
2022
Tot91
funds
2021
Total
funds
Unrestricted
funds
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
.398,278
9.198
,407.476
1,516,708
CURRENT ASSETS
Debtor
Ca%h at bank
10
17,560
395716
17,560
27,174
376633
413,276
31.547
444,823
403,807
CREDITORS
Amounts falling duc within onc ycar
{18,$08)
{18,$07)
(10,905)
NET CURRENT ASSETS
394,768
31,548
426,316
392,902
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,793,046
40,746
1,833,792
1,909.610
NET ASSETS
1793,046
40,746
1833,792
1,909,610
FUNDS
Uniestiicted I'unds
Resiricted funds
12
1,793.046
40.746
1,909,610
TOTAL FUNDS *
1,833,792
1,909,610
* The totulfund5 of£l.833, 792 includes ihc amount of£l,407,470 which represent5 the capital cxpeiise5 of refvrbishing
Gud 5 H0115e Tuwer. am(Juni ihut 15 bving d¥pi-vc'iuled iherefure no¢fundJ hvld by ihe Lhurity.
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statemenis for ihe year ended
31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companie8 A¢t 2006 and
prepaTing financial statements which give a true and fair view of the state of affairs of the charitable company as
at the end of each financial year and of its surplus or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which otheThvise comply with the Tequirements of the Companies Act
2006 relating to financial statements, so far as applicable to the charitable company.
(b)
The notes form part of these financial statements
Page 10
continued...

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
BALANCE SHEET- continued
31 MARCH 2022
These financial statements have been prepared in accordance with the provisions applicable to chariiable companies
subject to the small companies regime.
The financial staternents were approved by the Board of Trustees and authorised for issue on .
and were signed on lis behalf by..
1910812022
3c*t
M% M J Scott- Trn%tee
Mr D Phillips- Trustee
The notes form part of these financial statements
Pagell

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitsble company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'A¢counting and Reporting by Charities.. Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Repiiblic of Ircland IFRS 102) leffeetive l January 2019),, Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Compallies Act 2006. The fit]ancial statements have been prepared ut]der the historical co%t convention.
Going Concern
The directors hap'e considered the impact and risk on the compally of COVID-19 and the company'% pro8pect%,
recobTlli5ing the high debTree of iincertainty. The directors have concluded that witli the rigTht management action5
the company is a bTOlllbT conceTn for at least 12 months followinb the signature of the financial statements.
AccordinbFly the directOTS have prepared the financial statetnent5 on thi5 basi5.
Income
All income ib recognised in the Statement of Financial Activitieb once the charity hab entitlement to the funds, it
is piobable that the income will be received and the amount can be measured reliably.
Government grants
Ti)e following government grants have been received during the year".
Coronavirus Job Retention Scheme.. the accrual model has been used to recognise the grant on a systematic basis
over the periods in which the related staff costs are incurred.
Business Support Grant Funds.. the accrual model has been used to recognise the grant when it is received or
becomes receivable. as there are no future related costs or perfomance conditions.
Expenditure
Liabiliti¢s are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be mcasured reliably. Expenditure is accounted for on an accruals basis and has
been classified undcr headings that aggr¢gate all cost related to the category. Where costs cannot be directly
attributed to particular heading￿ they have been allocated to activities on a basis con%istent with the use of
resources.
Tangible fixed a55et5
Dcprcciation 15 provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold
Fixture5 and fittingFs
Cotnputer equipment
Over the lenbFtli of the lease
15 % ReducinbT balance
Straight line over 4 yeaTS
Taxation
The charity is exernpt from corporation tax on its chaTitable activitie5.
Fund aeeountlng
Unrestricted funds can be used in acctsrdance with the charitable objectives at the discietion of the trustees.
Restiicted funds can only be used foi particular iestiicted putposes within the objects of the charity. Restrictions
arise when specified by the doi)or or when fui)ds ale iaised lor particular rebliiLted PUTposes.
Page 12
continued...

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2022
ACCOUNTING POLICIES- continued
Fund xccounting
The Designated God's House Tower Sinking Fund is to be used for the refvrbishment of God's House Tower as
and when it is needed. The Charity endeavours to increase this fund by £4,690 each year.
Further explanation of the nature and purpose of each fund is included in the note% to the financial ststements.
Pension costs and other post-retirement benefits
Thc charitablc company operate% a dcfincd contribution pen%ion.%cheme. Contribution% payable to the charitabl¢
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
OTHER TRADING ACTIVITIES
2022
2021
Café Incotne
Venue hire
Adinisbions
Public Aits. Project Management fees
Studio relit received
Otlier receipts
37,160
20,373
5,454
1,570
2,776
866
25.334
23.910
13.943
31,963
84,094
199 029
Included within other income is a tax refund from HMRC totalling £80,(H)O relating to Museuinb and Galleries
Exhibition Tax Relief for the claim cornpleted for the year ended 31 March 2020.
INVESTMENT INCOME
2022
2021
Interest receivable
73
45
INCOME FROM CHARITABLE ACTIVITIES
2022
2021
Activity
Supporting artists in Southampton
Grants
Coronavirus Job Retention
Scheme grant
279,101
516,711
Supporting artists in Southampton
279,101
563,302
Page 13
continued...

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2022
INCOME FROM CHARITABLE ACTIVITIES- continued
During Ihe year, the following grants were recognised after accounting for any defe￿ed income adjustments:_
Grant5
2022
2021
Arts Council England
Ongoing
Emergency respon%e Icovidl
Cultiiral recovery grant
Ongoing 2021
Covid giant
Sinall business grant and Retail,
hospitslity and leisure wnt
Covid
CoTe costs
RIPE Project
RIPE Project
Meeting Point Programme
BuTsary
101,840
101,840
25,490
216,930
36,090
17,600
Esmée Fairbairn Foundation
13,334
Southampton City Collncil
30,0(K)
800
30,000
7.500
2.000
11,000
1.000
Garfield Weston Foundation
Solent University
Winchestei School of Art
Arts & Heritage CIC
The Natiuiial Trust
Grants (Refurblshment- Gods House ToTrver)
National Loitery Heritage Fund
Barker Mill Foundation
111.627
25.661
30.000
279,101
516,711
NET INCOMEI(EXPENDITURE)
Net incomel{expenditurel is stated after chargingl(creditingl'.
2022
2021
Independent Examiner remuneration
Depreciation - owned assets
2,520
118430
2,400
67,846
TRUSTEES, REMUNERATION AND BENEFITS
There were no trnstees, remuneration or other benefits for the year ended 31 March 2022 nor for the year ended
31 MaTch 2021.
3 t￿Stee5 were paid expenses duringF the year ended 31 March 202212021.. 1).
Trllstees, expenses
2022
2021
Tru5tee5' expense5
149
55
Page 14
continued...

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2022
STAFF COSTS
21122
2021
Wages and salaries
Social security costs
Other pension costs
215,230
12,557
199,291
14.656
3,670
231.749
217.617
The average monthly number of employees during the year was as follows..
2022
Is
2021
10
Employees
Page 15
continued...

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2022
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Restricted
funds
Totsl
funds
INCOME AND ENDOWMENTS FROM
Charitable actii'itie5
Supporting artist% in Southampton
471,551
91,751
563,302
Other trading activities
Inve%tment income
68,399
45
68,399
45
Total
539,995
91.751
631,746
EXPENDITURE ON
Rai%ing fund
6,390
6,390
Charitable activitie5
Supporting arti8t% in Southampton
382,9
36,090
419,054
Total
389,354
36,090
425,444
NET INCOME
150,641
55.661
206.302
Tronsfers between funds
55,661
55.661)
Net movement In funds
206.302
206,302
RECONCILIATION OF FUNDS
Total funds brought forward
1.703,308
1,703.308
TOTAL FUNDS CARRIED FORWARD
1909,610
1,909,610
Page 16
continued...

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2022
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Short
leasehold
Computer
equipment
Totsls
COST
At l April 2021
Additions
I J7S,S71
23,833
191,605
1,591,009
At 31 March 2022
75.571
196714
1.600,207
DEPRECIA TION
At l April 2021
Charge for year
32.807
66.684
6.988
3.135
34,506
48,611
74,301
118,430
At 31 MaTch 2022
192 731
NET BOOK VALUE
At 31 MaTch 2022
113597
1407 476
At 31 MaTch 2021
1,342 764
157099
1516708
io.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
2021
Trade debtors
VAT
Prepayrnents and accrued income
17.560
5,481
21,693
17.560
27,174
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
2021
Trade creditors
Social swurity and oth¢r taxes
VAT
Other ¢r¢ditors
Accrnals and d¢f¢rr¢d income
8.262
9,347
898
1,003
10,905
Page 17
continued...

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2022
12.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At 1.4.21
At31.3.22
Unrestricted funds
General fund
God's House Tower Sinking Fund
1,1154,338
(116,S64}
(4,690)
1,733,084
1,909.610
(116.564)
1.793.046
Restricted funds
God's House Tower Refurbishment
Meeting Point Project
RIPE Projcct
Public Art Projcct8
18,843
5,500
4,959
18,843
5.500
4,959
40.746
411.746
TOTAL FUNDS °
1,909.610
75.818)
1.833 792
* The tululfundts uf£'l.833. 792 includes th¥ uf£l.407.476 wki¢h r¥pr¥serylJ' Ihe ¢upitul vipenses (pf refurbishiFig
G(Jd s Huuse Tuwer. uppi(Juni ihu¢ is bvivg d¥pr¥¢iuled iherefvre nu¢funds hvld by ihe £.hurity.
Net movement in funds. included in the above are as follows..
Incoming
r¢sourc¢s
Rcsour¢¢s
¢xp¢ndcd
Mov¢mcnt
in funds
Unrestricted fund5
G¢n¢ral fund
326,090
1442,654)
(116,564}
Restricted funds
God's House Tower Refurbishment
Meeting Point Project
RIPE Project
Public Art Projects
111,626
11,000
9,S02
(92,783)
(S,SOO)
(4,543)
18,843
S,SOO
4,959
152 113
67
TOTAL FUNDS
478.203
554.021)
75,818)
Page 18
continued...

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2022
12.
MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
At 1.4.20
At31.3.21
Unrestricted fund5
General fund
God's House Tower Sinking Fund
1,703,308
150,641
389
1,854,338
1,703,308
150,641
55,661
1,909,610
Restricted fllnd5
God's Housc Towcr Rcfurbi8hmcnt
55,661
(55,661)
TOTAL FUNDS
1,703.308
206,302
1,909,610
Comparativc nct movcmcnt in funds, includcd in thc abovc arc as follow8..
Jncoming
rc%ourcc8
Rc%ourcc8
cxpcndcd
Movcmcnt
in funds
Unrestricted fuThd5
GeneTal fund
539,995
1389,354}
150,641
Restricted funds
God's House Tower Refurbishinent
Esinée FaiTbairn Foundation Fund
55,661
36,090
55,661
36,090)
TOTAL FUNDS
631 746
425 444)
206 302
God's House Tower Re￿rbishment - This ￿nd represents grant5 received from the National Heritage Lottery
Fund, Southampton City Council and the BarkeT Mill Fouiidation for the refuTbishment and fit out of God'5 House
Tower. Further costs for the God's House Tower project have been fullded from general funds.
Esmée FairbaiTn Foundation Fund- This fund represents monies donated by the Esmée Fairbairn Foundation for
a ProgTamine Manager and participation programme costs for the redeveloped God's House ToweT for 2021.
God's House Tower Sinkin¥ Fund - This fund repiesents monie5 set aside for tlie future upkeep ￿￿intenance
of God's House Tower. A tran5fei of £55,272 was M￿dE from ¥Feneral funds to set up the fund in 2021. Thib is a
transfer of the value of ab5et5 £￿p]￿lISed foi which restricted iiicome was ieceived. but once the assets aTe
puichased tliey ￿re aN'ail&ble for use by the ch￿ty und are iiot thtrnselves iestiicted.
Transler between reserves- A transfer to the God's House Tower Sinking Fund from the General fund of £4,690
was made in 202212021". £55,661).
Meeting Point Programme This fund represents grants received from Arts & Heritage CIC for the specific
Programme which is to commission an artist.
Page 19
continued...

A SPACE: GROWING CREATIVE COMMUNITIES
LTD (A cO￿1PANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2022
12.
MOVEMENT IN FUNDS- continued
RIPE Project- This fund represents grants received from Solent University and Winchester School of Art for the
specifjc Project.
New Wave Project- This fund represents grants received from The National Twst for the specific Project.
Public Art Project% - This fund represents a management fee received from Stonewater for the.%pecific Projects.
13.
RELATED PARTY DISCLOSURES
There were no related party tran%action% for the year ended 31 March 202212021.. None).
14.
MEMBERS, LIABILITY
The liability of each member. in the event of winding up, is limited to £1 each. There were 9 members at 31
March 2022 (2021.. 9).
Page 20