Registered Number: 07007198
Charity Registration Number: 1136495
a space
arts
A SPACE:
GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
ANNUAL REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Registered Office Address:
God's House Tower,
Town Quay Road,
Southampton, England,
SO14 2NY

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
Table of Contents
Reference and Administrative Details...
Chair's Statement
Trustees Report
Accountants report
Independent Examiner's report..
Statement of Financial Activities
Balance Sheet..
Notes to the Financial Statements......
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2
3
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A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
Chair
Deputy Chair
Trustees
Chief executive officer
Reference and Administrative Details
Annie Reilly
Sophia Mirchandani (resigned 28/08/2024)
Zoe Grant (resigned 12/02/2025)
Dan Matthews
Victoria Orba (resigned 28/08/2024)
Henry Pavey
Helen Keall
Michelle Kirwan
Daniel Crow
Principal Office
God's House Tower
Town Quay Road
Southampton
SO14 2NY
07007198
Company Registration Number
Charity Registration Number
Accountants
Independent Examiners
1136495
Cloud Eleven Accountants,
Palamos House,
66-67 High Street,
Lymington,
Hampshire,
SO41 9AL
Tee Accounts T/A On The Spot
Rosehill House
PL26 7BA
1

ASPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
CHAIR'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
The chair presents her statement for the year.
The year has yielded many positives for the organisation as we evolved our business
model alongside delivering an exciting cultural programme. Core funding has provided
essential financial stability and enabled the team to focus on increasing levels of
earned income. It is pleasing and to the credit of the team to see this key pillar of our
business plan delivering results.
The staff team has worked to balance across cultural programming and commercial
activity by integrating the latter into the God's House Tower (GHT) calendar. These sit
alongside popular ongoing events such as GHT Lates that bring a vibrant alternative
cultural offer to the old town's evening economy.
The organisation has completed another year of serving artists and audiences with a
diverse range of activities and offerings. One particular highlight is our inaugural loan of
an item of national significance from the British Library: Jane Austen's travelling writing
desk. This object and affiliated exhibitions and programming helped to raise GHT's
profile, attract a significantly broader audience, and ensured the new capability to
accept further loans from national institutions.
It is also important to recognise that, along with the accomplishments, there have been
challenges. Many organisations face similar issues resulting from an unsettled world,
fluctuating economy and global events that impact prices, disposable income and our
ability to fundraise. However, we remain focused on building our business and are
pleased with the results from the year despite facing these external factors.
Underpinning our success and assuredly navigating a volatile operating context are an
extremely talented and dedicated team: our staff and trustees. I am continually grateful
for their support and hard work. On behalf of my fellow trustees, I would like to pay
tribute to the staff team for their ingenuity, creativity and tireless efforts that have
ensured the organisation continues to play a key role in our city's cultural life.
A Reilly
Annie Reilly (Chair)
Date: 3/7/2025
2

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of A
Space: Growing Creative Communities Ltd for the year ended 31 March 2025. The
trustees have adopted the provisions of Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing the accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) (Effective 1 January 2019).
Since the Charitable Company qualifies as small under section 382 of the Companies
Act 2006, the strategic report required of medium and large companies under the
Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has
been omitted.
The CEO's statement:
It has been another positive year for the organisation with both an excellent cultural
programme and growing commercial performance collectively building our reputation
and resilience.
We have worked hard to increase earned income and develop the business model at
Gods House Tower (GHT) along with evolving the economy of the Arches studios, and
it's great to say that both projects are now in more sustainable positions.
Our award-winning flagship venue GHT has steadily grown income through private
hires, weddings ceremonies and receptions along with increasing its public opening
hours. Thursdays are now our regular fourth day and a legacy from the Jane Austen
exhibitions as outlined below. The year ahead is a year of growth at GHT as we will also
be opening on Bank Holiday Mondays, across Half Terms and on selected Mondays that
align to the cruise timetable.
Balancing cultural programming and commercial activity has remained a focus and we
feel we are achieving the right balance. Our drive to create a more sustainable
organisation is on the right trajectory as we also deliver a high-quality, relevant and
exciting cultural programme.
Programme highlights across the period include the extraordinary 'Everyone Involved'
by lan Giles that brought a celebration of queer joy to GHT and we are thrilled that his
work has been accessioned to the prestigious Southampton City Gallery collection.
This was shown alongside an archival exhibition 'Southampton Queer Stories' which
delved into the city's history of supporting queer communities. These two shows
combined to create a beautiful set of exhibitions that were launched on an emotional
and memorable opening night.
3

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
In November 2024, GHT staged two exhibitions that launched Jane Austen's 250th
birthday celebrations across the city and we were delighted to borrow Austen's
travelling writing desk from the British Library. This featured as the star centre piece of
our exhibition 'In Training For A Heroine' that shone a light onto Austen's early years as
a writer and her connections to Southampton. 'No Notion Of Loving By Halves' by
Jocelyn McGregor offered the public contemporary take on the female characters in
Austen's novel Northanger Abbey, and the female relationship in her real life. Together
these exhibitions drew a record 6555 visitors to GHT.
The year also included the most popular Arches open studios event to date with over
700 people attending across the weekend to glimpse behind the curtain and into the
artists' studios. The Arches economy has been underpinned through converting Arch 4
into studio spaces which has also grown the resident artist community to 25 artists.
We would like to thank our core funders for supporting our work and people; thank you
Arts Council England, the National Lottery Heritage Fund and Southampton Forward.
None of our work would be possible without the effort and dedication of our workers
and I would like to thank everyone who has worked on behalf of the organisation
including all trustees, our staff team, the front of house crew, our volunteers and all of
the artists we have been able to support; many thanks to you all.
Background and Founding Projects
Established in 2000 around an ethos of "by artists for artists' the organisation has
retained an enterprising approach to building a project portfolio to support visual artists
and inspire audiences.
The organisation has grown incrementally and strategically from an initial gallery on Old
Northam Road set up on a £500 grant from Hampshire County Council in 2002.
Since then, we have gone on to devise and deliver multiple projects that have culturally
reanimated several buildings and created opportunities for thousands of artists.
From humble foundations we have become a registered charity, an Arts Council
England National Portfolio Organisation, and a National Lottery Heritage Fund client.
Seminal moments included; 2004 launching ArtVaults and culturally reanimating 12
medieval vaults across Southampton's Old Town as exhibitions and performance
spaces to form a free public trail. This seminal project informed us of the powerful
combination of arts and heritage and opened up a new pathway for our growth and
development. From 2006 and 2012 we were based at the Bargate Monument Gallery,
the medieval gateway to the Old Town, and delivered a series of exceptional
4

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
Running alongside our gallery work, the Arches studios was established in 2005 with
the support of Southampton City Council. The project grew from one arch and 7 artists
to four archways providing affordable studios for 25 artists. This project established a
working partnership with the local authority and evolved our work to provide artists with
affordable studio spaces alongside exhibition opportunities.
These early years ground the organisation and included receiving our first major grant
from the Esmée Fairbairn Foundation and our first ACE grant. In 2010 we became a
charity with a board of trustees which have since guided our work. Today's organisation
is built upon these solid foundations.
Objectives and activities
a. Policies and objectives
Charitable Objective
The charity's formal objective is:
• To promote, maintain, improve and advance education for the benefit of the public,
by developing public appreciation and understanding of visual arts and by improving
access to, and the quality of the visual arts, primarily but not exclusively in
Southampton and its surrounding area.
Mission Statement
To deliver our formal charitable objective, three core aims are at the heart of our work:
• To support and champion the work of visual artists and create opportunities for them
to thrive by establishing financially sustainable careers.
• To positively change the city's visual arts community by championing and supporting
artists, including the under-represented.
• To create opportunities for the public to engage with, learn from and be inspired by
the work of visual artists.
God's House Tower (GHT) - godshousetower.org.uk
In 2019 we transformed a vacant scheduled ancient monument into a dynamic arts and
heritage venue in the heart of Southampton old town. Our flagship and RIBA award winning
venue hosts a dynamic and relevant programme of exhibitions and activities featuring local and
regional artists. GHT attracts and engages audiences across a wide demographic spectrum and
is becoming a well-loved cultural landmark and a growing reputation as a destination in the old
town.
GHT also retells its own special story through the permanent exhibition 'Stories Behind The
Stones', located in the Tower with the public able to climb the tower and access the rooftop
views across Southampton water. GHT offers a friendly and welcoming cafe, bar and shop
alongside hosting a growing number of private hires, wedding and live events that are building
an evening economy.
5

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
The Arches Studios - aspacearts.org.uk/studios/arches-studios
The Arches provides affordable studio spaces in a supportive creative environment for
visual artists. Studio residents work in a wide variety of mediums and practices
including painting, sculpture and ceramics along with social engaged practices,
activism, and much more. Residents benefit from an all-inclusive monthly payment and
24/7 access allowing them to focus on their practice. Collectively the residents create
a vibrant community and deliver an annual Open Studios weekend each summer that
offers the public free workshops, demonstrations, exhibitions, events and has become
a highlight for the city's cultural calendar.
RIPE - ripesouthampton.org.uk
The RIPE project aims to retain artistic talent educated by our partner institutions;
Solent University and the University of Southampton. Each year a selected cohort of
creative graduates are offered exhibition and professional development opportunities.
Based in the historic Old Northam Road, RIPE utilises three character properties as
gallery and studio spaces, and supports the post-graduates to make new work, form
supportive networks and establish the early stages of their careers. Following a year of
support, the annual RIPE cohort have the option to join the ZEST Collective, an
independent artist community born out of RIPE alumni.
Artist Resources - aspacearts.org.uk/artist-development
Supporting artists is a golden thread running through our work from inception to the
present day. The artist resources programme continues to evolve and over the last year
consisted of:
• One-to-One artist/mentor session to support a range of subjects and requests
including developing funding applications, project proposals and much more.
• Artists Voices is a series of talks that aim to share the views and experiences of artists
we exhibited (primarily at GHT) alongside invited guests in an informal public
discussion.
• Artist Resources handbook is a regularly updated publication that signposts
opportunities for visual artists including routes into finding exhibitions, funding and
development opportunities.
6

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
Infographics:
A visual summary of the year covering GHT, the Arches, RIPE and Artis: Resources
407
Artists
Supported
Combinerd GHT, Arches, RIPE
17,283
Visitors
Combinerd GHT, Arches. R PE
Vistor attendace records
Jane Austen at GHT - 6555
Arches open studios - 737
60
Mentoring &
Development
Sessions
Artist Resources
10 Guest Mentors/Session Leods
000
00000
98
Hires, Weddings
& Live Events
Includes Business meetings, networking.
weacings one music events
25
Artist Studios
Arches studies
Subsidised Studios Spaces
30
Exhibitions
Combinerd GHT. Arches RIPE
1%
51
Income
Increase
ncrease
in 2023/24 CHIS Arches
7

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
The Team
We are grateful for the enthusiasm and commitment of our team and thank them all for
their dedication in supporting our work; thank you.
Board
Our current board consists of:
Annie Reilly - Chair
Dan Matthews
Henry Pavey
Helen Keall
Michelle Kirwan
Staff team
Our current staff team currently consists of:
Daniel Crow - Chief Executive
Kalleesha Mendie - Finance Manager
Hannah Preston - GHT Venue Manager
Mia Delve - Curator & Programme Manager
Keeley Dickinson - Communications Manager
Emily Wells - Content Creator
James Hunter - Artist Programmes & Communities Officer
Sam Goodenough - GHT Front of House Manager
We have a dedicated GHT front of house Crew and whilst they are not all named here,
we value them all and thank them for their work.
8

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that
the Charitable Company has adequate resources to continue in operational existence
for the foreseeable future. For this reason, they continue to adopt the going concern
basis in preparing the financial statements. Further details regarding the adoption of
the going concern basis can be found in the accounting policies.
b. Reserves policy
To meet our obligations as a responsible charity we hold an operational reserve to cover
any temporary cashflow shortfalls, for example if the charity is awaiting a grant
instalment, or in the worst-case scenario to cover the costs associated with the charity
having to wind down.
At 31 March 2025, the charity has set aside an operational reserve of £177,898. At the
end of the reporting period 3 months of operational costs are equivalent to £161,201
and therefore the current operational reserve is sufficient to cover costs as outlined
above.
The operational reserve of £177,898 is made up of funding allocated towards a number
of areas including a future maintenance fund for God's House Tower (GHT) and our
other buildings (to cover any major internal building repairs), staff costs, and costs
towards future exhibitions that have been committed.
Every 12 months the Trustees will review the reserves policy and financial position to
ascertain if the level of operational reserves held by the charity are appropriate and
aligned to the operational costs for the financial year ahead.
c. Financial performance and position
We are pleased with the progress made across the year now that the new business plan
has been implemented, and whilst recognizing we still have work to do, the activities of
our business plan are taking us in the desired direction to become a more sustainable
organization.
2024/25 was the second year of a new three-year business plan with a focus on
expanded commercial activities to increase self-generated income primarily at GHT,
balanced with delivering an excellent cultural programme.
9

ASPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
c. Financial performance and position Cont'd
Growth has been led by the new hires of weddings, ceremonies and receptions at GHT;
an increased amount of commercial hires and income from ancillary hospitality; our
live music event series 'GHT Lates'; and campaigns to increase day-to-day cafe and bar
sales through 'Hey Neighbour' (with incentives offered to residents in our nearest two
postcode areas have grown. Collectively this has driven up levels of overall trading
activities to £197,485 in 2024/25 which is a 51% increase from 2023/24.
Trustees are pleased with the progress made in the second year of the new business
plan and recognise the steps the staff team have taken to achieve this. The board are
monitoring performance to ascertain where further improvements can be made and
supporting the staff team to develop the business. The organisation's business plan
shows our ability to pivot towards increased self-generated income through diversified
hires which demonstrates the organisations character, resilience and
entrepreneurialism.
The charity made a loss of £53,983 in 2024/25 which is lower by 60% than the previous
year (2023/24 net loss £134,995). This represents an improvement credited to the new
business plan model of the organisation. However, trustees continue to be vigilant
regarding the overall profit/loss of the organisation and are working along with the staff
team to ensure we continue improving on this figure along with meeting our charitable
obligations and commitments for the local community.
Culturally the charity has delivered over 20 exhibitions, 54 free one-to-one artist
mentoring sessions delivered by 8 guest artist mentors, 4 artist development
workshops, and supported a cohort of 14 post-graduates with opportunities to
establish their careers. The 19th annual Arches Open Studios was the busiest one ever
with 737 people attending. This has been possible through a combination of grant
funding and commercial income. Our mission as a visual arts organisation is to support
and inspire artists, audiences and communities through an ambitious programme of
exhibitions, artist resources, opportunities, and by culturally reanimating lost spaces
with arts and heritage. Please see our Annual Report for further details.
10

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
The table and statement below gives an overview of the income/expenditure in 2024/25
and the fund balances.
Financial performance table 2024/25
Income
Grants and Donations
Charitable activities: Supporting Artists
Trading activities
Investments
Total income
354,034
36,263
197,485
3,039
590,821
Expenditure
Raising funds: other trading expenses
Charitable activities: Supporting Artists
Total expenditure
80,144
564,660
644,804
Net income/expenditure 2024-25
(53,983)
Total funds brought forward from 2023-24
1,369,712
Total funds carried forward into 2024-25
1,315,729
Breakdown of funds:
Restricted funds (tangible assets)
Designated funds
Unrestricted general funds
Total funds
1,069,498
177.898
68,333
1,315,729
11

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
Grant funding and donations in 2024/25 combined to make up 60% of the overall
income of the charity as seen in the above financial summary. This is down from 66% in
2023/24 as funding targets were not met. Grant funding provides critical support for
core and project costs which enables us to continue providing opportunities for artists,
contributes to our communities, and supports our arts and heritage venues.
GHT Capital Costs - restricted grants
Restricted funds carried forward at the year-end were £1,069,498 which was used for
the refurbishment of God's House Tower in 2019. The funds were used only for
purposes of refurbishing GHT and are linked to our tangible assets. These funds have
been used and are no longer available. GHT is not an asset that can be transferred or
sold and the organisation cannot raise funds against it.
The restricted grant funding was raised in order to restore this historic asset and
bring it back into public use. Capital funding is now being amortised in line with
depreciation of the asset and in line with the length of the lease. The charity is the
guardian of the asset until the lease expires.
Unrestricted general funds balance at the end of the year is £68,333 (2024 £55,639)
which is 23% more available unrestricted funds than the previous year.
Structure, governance and management
a. Constitution
A Space: Growing Creative Communities is registered as a charitable company limited
by guarantee and was set up by a Trust Deed.
b. Methods of appointment or election of Trustees
The management of the Charitable Company is the responsibility of the Trustees who
are elected and co-opted under the terms of the Trust deed.
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.
12

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
TRUSTEE'S REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
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.
All new Trustee appointments are made after careful consideration of the skillset
provided by the new Trustee and how these may help further the Charitable Company's
objectives and future strategies.
c. Financial risk management
The Trustees have assessed the major risks to which the Charitable Company is
exposed, in particular those related to the operations and finances of the Charitable
Company and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks.
Members' liability
The Members of the Charitable Company guarantee to contribute an amount not
exceeding £1 to the assets of the Charitable Company in the event of winding up.
13

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Charitable Company for the purposes of
company law) are responsible for preparing the Trustees' report and the financial
statements in accordance with applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial
year. Under company law, the Trustees must not approve the financial statements
unless they are satisfied that they give a true and fair view of the state of affairs of the
Charitable Company and of its incoming resources and application of resources,
including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to:
• select suitable accounting policies and then apply them consistently;
• observe the methods and principles of the Charities SORP (FRS 102);
• make judgments and accounting estimates that are reasonable and prudent;
• state whether applicable UK Accounting Standards (FRS 102) have been
followed, subject to any material departures disclosed and explained in the
financial statements;
• prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the Charitable Company will continue in
business.
The Trustees are responsible for keeping adequate accounting records that are
sufficient to show and explain the Charitable Company's transactions and disclose
with reasonable accuracy at any time the financial position of the Charitable Company
and enable them to ensure that the financial statements comply with the Companies
Act 2006. They are also responsible for safeguarding the assets of the Charitable
Company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees on 3/7/2025 and signed on
their behalf by:
innie Reilly
Chair of Trustees
14

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
ACCOUNTANT'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have
prepared for your approval the accounts of A SPACE: GROWING CREATIVE
COMMUNITIES LTD for the year ended 31 March 2025 as set out on pages 18-38 from
the Company's accounting records and from information and explanations you have
given us.
As a practising member firm of the Association of Chartered Certified Accountants, we
are subject to its ethical and other professional requirements which are detailed at
www.accagiobat.com/uw/en.aoout-u
This report is made solely to the charity trustees of A SPACE: GROWING CREATIVE
COMMUNITIES LTD, as a body, in accordance with the terms of our engagement letter
dated 24t April 2024 Our work has been undertaken solely to prepare for your approval
the accounts of A SPACE: GROWING CREATIVE COMMUNITIES LTD and state those
matters that we have agreed to state to the Trustees of A SPACE: GROWING CREATIVE
COMMUNITIES LTD as a body in this report in accordance with the requirements of the
Association of Chartered Certified Accountants as detailed at
w.accaglopal.com/conten
CA Globay/Technical/fact/tf-163-jan-
To the fullest extent permitted by law, we do not accept or resume responsibility to
anyone other than A SPACE: GROWING CREATIVE COMMUNITIES LTD and its Board of
Trustees as a body for our work for this report.
It is your duty to ensure that A SPACE: GROWING CREATIVE COMMUNITIES LTD has
kept adequate accounting records and to prepare statutory accounts that give a true
and fair view of the assets, liabilities, financial position and loss of A SPACE: GROWING
CREATIVE COMMUNITIES LTD. You consider that A SPACE: GROWING CREATIVE
COMMUNITIES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of
A SPACE: GROWING CREATIVE COMMUNITIES LTD. For this reason, we have not
verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the
statutory accounts.
Shillis
Janice Willis FCCA
Cloud Eleven Accountants
Trading name of Eleve11 Consulting Ltd
15

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent examiner's report to the Trustees of A Space: Growing Creative
Communities Ltd
('the Charitable Company')
I report to the charity trustees on my examination of the accounts for the Company for
the year ended 31 March 2025.
Responsibilities and basis of report
As the Trustees of the Charitable Company (and its directors for the purposes of
company law) you are responsible for the preparation of the accounts 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 your 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
Since the Charitable Company's gross income exceeded £250,000 your examiner must
be a member of a body listed in section 145 of the 2011 Act.
I confirm that l am qualified to undertake the examination because l am a member of
The Institute of Chartered Accountants of England and Wales (ICAEW), which is one of
the listed bodies.
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:
1. accounting records were not kept in respect of the Company as required by
section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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
16

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
4. the accounts have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and
reporting by charities, in accordance with the 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.
This report is made solely to the Charitable Company's Trustees, as a body, in
accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My
work has been undertaken so that might state to the Charitable Company's Trustees
those matters l am required to state to them in an independent examiner's report and
for no other purpose. To the fullest extent permitted by law, I do not accept or assume
responsibility to anyone other than the Charitable Company and the Charitable
Company's Trustees as a body, for my work or for this report.
+ Rogers
Teresa Rogers BFP FCA
Director
Tee Accounts Ltd T/A On The Spot
17

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
Restricted
funds
Total
2025
Note
Income and
endowments from
Donations and legacies
Charitable activities
Other trading activities
Investment income
Total Income:
Expenditure on
Raising funds
Charitable Activities
Total Expenditure
Net income/expenditure
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought
forward
Net movement in funds
Total funds carried
forward
4
5
6
110,155
36,263
197,485
3,039
346,942
243,879
-
-
243,879
354,034
36,263
197,485
3,039
590,821
7
8
80,144
320,781
400,925
(53,983)
66,679
12,696
243,879
243,879
-
(66,679)
(66,679)
80,144
564,660
644,804
(53,983)
(53,983)
233,535
12,696
246,231
1,136,177
(66,679)
1,069,498
1,369,712
(53,983)
1,315,729
18

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
(Continued)
FOR THE YEAR ENDED 31 MARCH 2025
2024
Unrestricted
funds
2024
Restricted
funds
Total
2024
Prior year
Note
Income and
Endowments From:
Donations and legacies
Charitable activities
Other trading activities
Investment income
Total Income
Expenditure on:
Raising funds
Charitable Activities
Total Expenditure:
Net Income/Expenditure
Transfers between funds
Net Movement in Funds
Reconciliation of funds:
Total funds brought
forward
Net movement in funds
Total funds carried
forward
3
4
5
6
7
8
108,098
34,727
130,703
2,638
276,166
85,508
375,824
461,332
(185,166)
116,848
(68,318)
301,853
(68,318)
223,400
223,400
-
173,229
173,229
50,171
(116,848)
(66,677)
1,202,854
(66,677)
233,535
1,136,177
331,498
34,727
130,703
2,638
499,566
85,508
549,053
634,561
(134,995)
(134,995)
1,504,707
(134,995)
1,369,712
The Statement of financial activities includes all gains and losses recognised in
the year.
The notes on pages 22 to 38 form part of these financial statements.
19

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
BALANCE SHEET
AS AT 31 MARCH 2025
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
CREDITORS: amounts
falling due within one
year
NET CURRENT ASSETS
Total assets less
current liabilities
Total net assets
Funds of the Charity:
Restricted income funds
Unrestricted funds:
- Designated funds
-General funds
Total funds
TOTAL FUNDS
Note
12
2025
1,090,898
1,090,898
2024
1,172,335
1,172,335
13
14
5,753
77,340
188,521
271,614
(46,783)
2,000
57,218
172,699
231,917
(34,540)
224,831
1,315,729
1,315,729
197,377
1,369,712
1,369,712
1,136,176
16
16
16
16
16
1,069,498
177,898
68,333
177,898
55,638
1,315,729
1,315,729
1,369,712
1,369,712
20

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
BALANCE SHEET (Continued)
AS AT 31 MARCH 2025
The Charitable Company was entitled to exemption from audit under section 477 of the
Companies Act 2006.
The members have not required the company to obtain an audit for the year in question
in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of
the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions
applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on
3/7/2025 and signed on their behalf by:
A Reilly
Annie Reilly
(Chair of Trustees)
The notes on pages 22 to 38 form part of these financial statements.
21

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
A Space: Growing Creative Communities Ltd is a Charitable Company, Limited by
guarantee, registered in England and Wales. The company's registered office address,
registered number and charity number are shown below:
Registered office address: God's House Tower, Town Quay Road, Southampton,
Hampshire, SO14 2NY.
Registered number: 07007198
Charity number: 1136495
2. ACCOUNTING POLICIES
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial
statements are set out below. These policies have been consistently applied to all the
years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting 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 Republic of Ireland (FRS 102) (effective 1 January 2019)
• (charities SORP (FRS 102)). They also comply with the Companies Act 2006 and
Charities Act 2011
Basis of preparation
A SPACE: GROWING CREATIVE COMMUNITIES LTD meets the definition of a public
benefit entity under FRS 102. Assets and liabilities are initially recognised at historical
cost or transaction value unless otherwise stated in the relevant accounting policy
notes.
Going concern
The Directors have reviewed the accounts of the charity and recognize that there is a
deficit for the financial year, and that fundraising targets have not materialized.
However, they have approved a new business plan to address these issues and are also
satisfied that the debtors total is more than creditors. As such, the Directors consider
the charity a going concern and have prepared the accounts on this basis.
22

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable
that the income will be received, and the amount of the income receivable can be
measured reliably.
Donations and legacies
The term Donations and Legacies is an overall SORP requirement which also
recognises grants within this classification. Grants are our primary source of income
from within the broader SORP definition and accounted for 60% of all income received
in 2024/25 (66% in 2023/24). Of the grant income received in 2024/25, 69% was
restricted and 31% was unrestricted. The unrestricted grant was Arts Council
England's National Portfolio Organisations (ACE NPO) funding which requires regular
reporting and is aligned to pre-agreed outcomes with ACE and is monitored by an
assigned ACE relationship manager. As such money is received quarterly upon receipt
of satisfactory reporting documents by the ACE relationship manager.
Donations are recognised when the charity has been notified in writing of both the
amount and settlement date. In the event that a donation is subject to conditions that
require a level of performance by the charity before the charity is entitled to the funds,
the income is deferred and not recognised until either those conditions are fully met or
the fulfilment of those conditions is wholly within the control of the charity and it is
probable that these conditions will be fulfilled in the reporting period.
Legacies - The charity has no legacies to date.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any
conditions linked to the grants have been met.
Where performance conditions are attached to the grant and are yet to be met, the
income is recognised as a liability and included on the balance sheet as deferred
income to be released.
Government Grants
Government grants are recognised under the accrual model meaning that grants
relating to revenue shall be recognised in income on a systematic basis over the
periods in which the charity recognises the related costs for which the grant is intended
to compensate.
23

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that
expenditure, it is probable settlement is required and the amount can be measured
reliably. All costs are allocated to the applicable expenditure heading that aggregate
similar costs to that category. Where costs cannot be directly attributed to particular
headings, they have been allocated on a basis consistent with the use of resources,
with central staff costs allocated on the basis of time spent, and depreciation charges
allocated on the portion of the asset's use. Other support costs are allocated based on
the spread of staff costs.
Raising Funds
These are costs incurred in attracting voluntary income, the management of
investments and those incurred in trading activities to raise funds.
Charitable Activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of
its activities and services for its beneficiaries. It includes both costs that can be
allocated directly to such activities and those costs of an indirect nature necessary to
support them.
Support costs
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, for example, allocating
property costs by floor areas, or per capita, staff costs by the time spent and other
costs by their usage.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the
Finance Act 2010 and therefore it meets the definition of a charitable company for UK
corporation tax purposes. Accordingly, the charity is potentially exempt from taxation
in respect of income or capital gains received within categories covered by Chapter 3
Part 11 of the Corporation Tax act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to
charitable purposes.
Tangible fixed assets
Individual fixed assets costing £100 or more are initially recorded at cost, less any
subsequent accumulated depreciation and subsequent impairment losses. This is a
policy change from prior years where £1,000 or more were initially recorded.
24

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost of valuation,
less any estimated residual value, over their expected economic life as follows:
Asset Class
Long-term leasehold property
Fixtures and fitting
Computer Equipment
Depreciation method and rate
over the length of the lease
15% reducing balance
Straight line over 4 years
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-
term highly liquid investments that are readily convertible to a known amount of cash
and are subject to an insignificant risk of change in value.
Trade debtors
Trade and other debtors are recognized at the settlement amount after any trade
discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee's
discretion in furtherance of the objectives of the charity.
Designated funds are personalised funds set aside for a specific purpose or activity.
Restricted income funds are those donated for use in a particular area or for specific
purposes, the use of which is restricted to that area or purpose
Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a
result of a past event, it is probable that a transfer of economic benefit will be required
in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognized at the amount that the Charitable Company anticipates it will
pay to settle the debt or the amount it has received as advanced payments for the
goods or services it must provide.
25

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
Provisions are measured at the best estimate of the amounts required to settle the
obligation. Where the effect of the time value of money is material, the provision is
based on the present value of those amounts, discounted at the pre-tax discount rate
that reflects the risks specific to the liability. The unwinding of the discount is
recognized in the statement of financial activities as a finance cost.
3. Income from donations and legacies
Grants
Donations
Gift Aid
Unrestricted
funds
General
106,840
2,496
819
110,155
4. Income from charitable activities
Restricted
funds
General
Total 2025
Total
2024
243,879
:
243,879
350,719
2,496
819
354,034
330,240
1,233
25
331,498
Arches
Exhibitions
RIPE
Supporting Artists in Southampton
Unrestricted funds
General
34,224
2,039
36,263
Total 2025
34,224
2,039
36,263
Total
2024
€
31,960
-
2,767
34,727
26

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
5. Income from other trading activities
Income from fundraising events
Income from non charitable trading activities
Café income
Shop Income
Venue hire
Admissions
Other receipts
Other trading activities
Total
Unrestricted
funds General
-
Unrestricted
funds General
69,905
6,674
40,183
10,513
70,210
197,485
197,485
Total 2025
Total 2025
69,905
6,674
40,183
10,513
70,210
197,485
197,485
Total 2024
2,533
Total
2024
€
62,143
4,086
27,196
9,750
24,995
128,170
130,703
6. Investment income
Interest receivable
Unrestricted
funds
General
3,039
Total 2025
3,039
Total
2024
€
2,638
27

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
7. Expenditure on raising funds
a) Fundraising trading
expenses
Fundraising
b) Other trading expenses
Unrestricted
Funds 2025
Trading expenses
Start up costs
Staff costs
32,765
-
47,379
80,144
8. Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
Arches
Artist Resources
Exhibitions (inc in SAS
2024)
RIPE
Public Arts Projects
Supporting Artists in
Southampton
17,898
-
-
302,883
320,781
28
Total
2025
€
-
Total
2025
€
32,765
-
47,379
80,144
Total
2024
-
Total
2024
€
34,330
2,310
48,868
85,508
Restricted
Funds
€
Total
2025
17,898
243,879
243,879
546,762
564,660
Total
2024
€
15,883
-
533,170
549,053

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
9. Analysis of expenditure by activities
Activities
undertaken
directly
13,218
-
Support
costs
4,680
Total
2025
17,898
Total
2024
15,883
5,666
Arches
Artist Resources
UOS Intern (inc in
Supporting Artists in
Southampono
RIPE
Supporting Artists in
Southampton
10,127
399,463
422,808
1,366
135,806
141,852
11,493
535,269
564,660
16,177
511,327
549,053
29

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
Analysis of direct costs
Arches
2025
695
18
425
Artist
Resources
2025
-
Artist fees
Exhibitions
and events
Marketing
PAP
Other costs
Staff costs
Activity
Costs
Freelancers
and
Technicians
Rates,
electricity,
gas, water
RIPE
2025
4,189
282
1,276
Supporting Artists in
Southampton/Exhibitions
2025
37,420
13,784
9,838
-
-
114
1,305
10,661
13,218
-
-
-
-
-
720
2,058
296,851
858
24,858
Total
funds
2025
42,304
14,084
11,539
-
2,778
296,851
972
29,396
Total
funds
2024
31,248
6,106
15,332
-
4,606
269,432
-
14,183
-
-
3,233
427
10,127
13,796
399,463
24,884
422,808
22,669
360,798
30

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
Analysis of support costs
Arches
2025
Artist
Resources
2025
RIPE
2025
141
295
Total 2025
Other Costs
Staff costs
Freelancers
and
technicians
Building costs
Rates,
electricity,
gas, water
Insurance
VAT not
reclaimable
Office costs
Depreciation
Subscriptions
Bank charges
Governance
costs
3,694
336
785
735
60
4680
1366
Supporting
Artists in
Southampton/
Exhibitions
2025
3,391
-
16,029
529
3,108
9,342
3.696
85,696
1,644
2428
9,943
135,806
3,827
-
20,059
529
3,108
9,342
5,216
85,696
1,644
2,488
9,943
141,852
Total
2024
12,551
-
207
10,268
12,330
6,203
11,576
4,293
126,450
1,865
199
2,313
188,255
31

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
10. Independent Examiner's Remuneration
Fees payable to the Charitable Company's independent examiner for
the independent examination of the Charitable Company's annual accounts
Fees payable for all other accountancy services not included above
Total
2025
€
600
6,463
Total
2024
500
4,188
11. Trustees remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - ENIL).
During the year ended 31 March 2025 no expenses were reimbursed or paid directly to Trustees
(2024- a small gift to the value of £53 was presented to 1 trustee to thank them for their
support):
Total
2025
Total
2024
Travel/small gift
==
53
12. Tangible Fixed Assets
COST
At beginning of year
Disposals
Additions
At end of year
DEPRECIATION
At beginning of year
Disposals
Charge for the year
At end of year
NET BOOK VALUES
As at 31 March 2025
As at 31 March 2024
Short-term
leasehold
property
1,375,571
1,375,571
232,853
66,678
299,531
1,076,040
1,142,718
32
Fixtures,
Fittings and
Equipment
€
27,922
4,260
32,182
15,063
2,367
17,430
14,752
12,860
Computer
Equipment
196,714
196,714
179,956
16,652
196,608
106
16,758
Total
1,600,207
4,260
1,604,467
427,872
85,697
513,569
1,090,898
1,172,335

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
13. Debtors
2025
2024
Due within one year
Trade debtors
Other debtors
Prepayments
7,867
66,588
2,885
77,340
11,407
44,387
1,424
57,218
14. Creditors: Amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
2025
1,238
2,593
1,757
41,195
46,783
2024
3,352
3,435
1,363
26,390
34,540
33

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
15. Restricted reserves
Statement of funds - current year
Designated Funds
Operational Reserves
**Fund
General unrestricted
funds
Unrestricted Funds
Balance
at 1 April
2024
€
177,898
177,898
55,638
55,638
233,536
1,136,176
Income
346,942
346,942
346,942
Expenditure
Transfers
in/out
-
-
(400,925)
(400,925)
(400,925)
Balance
at 31
March
2025
Total Unrestricted Funds
Restricted Funds
GHT Fixed asset fund*
Southampton Forward
Southampton Uni Intern
NLHF GHT
Fosmag
RIPE Project
Artfund
118,750
7,500
71,352
2,000
10,000
34,277
243,879
(118,750)
(7,500)
(71,352)
(2,000)
(10,000)
(34,277)
(243,879)
66,678
66,678
66,678
(66,678)
-
:
(66,678)
177,898
177,898
68,333
68,333
246,231
1,069,498
Total of Funds
1,136,176
1,369,712
:
1,069,498
- 1,369,712
34

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
15. Statement of funds
Statement of funds - prior year
Balance
at 1 April
2023
restated
Designated Funds
Designated GHT sinking
Operational Reserves
**Fund
64,652
64,652
General unrestricted
funds
General Funds - all funds
Unrestricted Funds
-
237,201
237,201
Total Unrestricted Funds
301,853
Restricted Funds
GHT Fixed asset fund*
Southampton Forward
NLHF GHT
RIPE Project
Artwork
ACE Transition Fund
1,202,854
1,202,854
Total of Funds
1,504,707
Income
€
Expenditure
-
-
276,166
(461,331)
276,166
(461,331)
276,166
(461,331)
106,000
97,137
10,000
6,663
3,600
223,400
(106,000)
(46,966)
(10,000)
(6,663)
(3,600)
(173,229)
499,566
(634,564)
Transfers
in/out
€
(64,652)
177,898
113,246
3,603
3,603
116,849
(66,678)
(50,171)
(116,849)
-
Balance
at 31
March
2024
-
177,898
177,898
-
55,638
55,638
233,537
1,136,176
.....
1,136,176
1,369,712
*restated from designated funds in 2023.
** During the year the designated GHT sinking fund was transferred into an overall operational reserves
fund as per the Trustees report.
Designated Funds
Designated GHT sinking fund
General unrestricted funds
35

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
General Funds - all funds
Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
GHT Fixed Asset Fund
Gods House Tower Refurbishment
Meeting Point Project
RIPE Project
Public Arts Project
Total of Funds
**In 2024, the Trustees made a decision to set aside a minimum of 3 months of operational
reserves to be held as designated. Of the designated reserves, the Trustees will continue to
hold a portion for building repairs and future maintenance of the Historic God's house Tower
and its other properties which it makes available for regular use by local artists. The full sum of
designated reserves in 2024 are now called Operational Reserves Fund.
36

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
15. Statement of funds (continued)
Gods House Tower Refurbishment - This fund represents grants received from the National
Heritage Lottery Fund, Southampton City Council and the Barker Mill Foundation for the
refurbishment and fit out of God's House Tower. Further costs for the God's House Tower
project have been funded from general funds.
16. Summary of funds
Summary of funds - current year
Balance
at
1 April
2024
Income
€
Expenditure
€
Transfers
in/ out
€
Designated funds
General funds
Restricted funds
177,898
55,638
1,136,176
1,369,712
-
346,942
243,879
590,821
-
(400,925)
(243,879)
(644,804)
66,678
(66,678)
Balance
at
31 March
2025
177,898
68,333
1,069,498
1,315,729
16. Summary of funds (continued)
Summary of funds - prior year
Balance
at
1 April 2023
€
Designated funds
General funds
Restricted funds
64,652
237,201
1,202,854
1,504,707
Income
€
-
276,166
223,400
499,566
Expenditure
-
(461,332)
(173,229)
(634,561)
Transfers
in/out
113,246
3,603
(116,849)
-
Balance at
31 March
2024
177,898
55,638
1,136,176
1,369,712
37

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
17. Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
Funds
General 2025
Tangible fixed assets
Current assets
Current Liabilities
21,400
271,614
(46,783)
Total net assets
246,231
Analysis of net assets between funds - prior year
Unrestricted
Funds
General
2024
€
Tangible fixed assets
Current assets
Current Liabilities
36,159
231,917
(34,540)
Total net assets
233,536
Restricted
Funds
General
2025
1,069,498 1,090,898
271,614
(46,783)
1,069,498
1,315,729
Restricted
Funds
General
2024
Total
Funds
2024
1,136,176
1,136,176
1,172,335
231,917
(34,540)
1,369,712
38

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
These notes do not form part of the financial statements.
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Income
Other trading activities
Cafe income
Venue hire
Admissions
Studio rent received
Other receipts
Investment income
Interest receivable
Charitable activities
Grants
58,159
60,438
10,513
33,208
79,745
3,039
345,719
590,821
590,821
56,035
37,208
9,750
28,533
40,162
2,638
325,240
499,566
499,566
Total incoming resources
Expenditure
Raising Donations and legacies
Fundraising fees
Other Trading activities
Purchases
Charitable activities
Consultancy fees
Exhibition and events
Public art expenses
Artist fees
VAT not reclaimable
Subtotal
Support costs
Management
Trustees' expenses
Wages
Social security
Pensions
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Advertising
Sundries
Travel and subsistence
Repairs and renewals
Computer expenses
Cleaning
Subscriptions
Professional fees
Training
Office costs
35,543
18,567
25,885
1,800
40,504
9,341
131,640
35,093
5,425
15,867
2,692
31,136
11,576
101,789
247
311,317
25,160
6,263
564
1,794
3,108
23,618
4,464
11,540
2,744
1,903
445
7,544
1,644
2,686
873
12,002
289,812
22,035
5,633
3,961
6,203
18,488
5,323
13,698
1.321
1,749
11,172
39

A SPACE: GROWING CREATIVE COMMUNITIES LTD
(A company limited by guarantee)
Depreciation of short leasehold
Depreciation of fixtures & fittings
Depreciation of computer equipment
Subtotal
Finance
Bank charges
Transaction charges
Interest Payable
Governance costs
Independent Examiner remuneration
Accountancy and legal fees*
Legal fees
Subtotal
Total expenditure
Net expenditure
Tax payable
Net expenditure for the reporting period
Deficit for the reporting period
66,678
2,366
16,652
503,612
197
2,292
600
6,463
9,552
640,804
(53,933)
(53,983)
(53,983)
66,678
2,275
57,496
527,447
2430
457
500
1,738
5,324
634,560
(134,994)
(134,994)
(134,994)
*2024 Accountancy and legal fees cost is £4,188. It appears lower due the reversal of an over
accrual from prior period. 2025 fees include additional costs incurred in relation to the 2024
accounts and preparation of Museum and Gallery Tax Relief claims.
40