ACE SPACE ANNUAL REPORT FOR THE CHARITY COMMISSION 2021
2021 has been another strange year for Ace Space due to the effects of the pandemic. Our music events restarted in July although with smaller audiences which we understand is fairly common to similar venues in the area. The numbers have been steadily rising so the future is looking promising. Our regular hirers have been gradually returning as confidence in the situation is regained. With the addition of several new ones this element of our offering is looking very buoyant. Our Art displays have also restarted and we are back to a regularly changing range of artworks from local artists on display. We continue with our programme of repairs and renovations as funds and labour becomes available. The long-awaited refurbishment of our toilets has been completed and has been well received. Improvements to our CCTV, Ethernet and Electrical services has also been completed. Our plans for the future include updates to our stage facilities, provision of a multi access toilet facility and replacement of our rear storage facility. In spite of the rather uncertain start to the year we have ended it on a reasonably optimistic note and are looking forward to an exciting future.
13[th] October 2022
Acespa Statement of Financial Activitie5 For the period 01 January 2021 to 31 December 2021 Unrestricted Retricted EndowTnent Fund5 Funds Total Funds Total Fund5 Prior Year Funds Incoming resource5 Incomin8 resources from generated funds Voluntary Income 17,922 17,(QO 34,922 18,918 Activities for generating fund5 16,508 16,508 16,805 Other Income Resources 149 149 10,022 Inve5trnent Income 59 59 90 Total incoming re50urce5 34.638 I7.0 51.638 45.835 Resource5 expended Cost of generating fund5 Cost of generating voluntary income Fundraising Trading Costs 5,714 5,714 5,166 Charitable Activity..1 8,448 8,448 8,089 Governance Costs 707 707 I,oii Other re50urce5 expended 18,461 17,(QO 35,461 36,695 Total resources ex ended 33.335 I7.0 50.335 50.961 Net of incorninglout¥oin¥ resources before tr3n51ers 1.303 1.303 5.126 Tron5frr5 Gr055 transfers between fund5- in Gr055 transfers between fund5 Out Net incomingloulgoing before other ¥ainsllosses 1.303 1.303 5.126 OtherrecDglli5ed 9¢7ill5/losse5 Gainsl1055es on investment a55ets Gains on revaluation, fixed a55ests, charities own use Net movement in lund5 1.303 1.303 5.126 Reconciliotlon o nds Total funds brou8ht forward Total funds carried forward 22.131 4.015 26.145 31.403 23.434 4.015 27.448 26.277
Acespa Statement of Financial Activitie5 For the period 01 January 2021 to 31 December 2021 Unrestricted Retricted EndowTnent Fund5 Funds Total Funds Total Fund5 Prior Year Funds Incoming resource5 Incomin8 resources from generated funds Voluntary Income 17,922 17,(QO 34,922 18,918 Activities for generating fund5 16,508 16,508 16,805 Other Income Resources 149 149 10,022 Inve5trnent Income 59 59 90 Total incoming re50urce5 34.638 I7.0 51.638 45.835 Resource5 expended Cost of generating fund5 Cost of generating voluntary income Fundraising Trading Costs 5,714 5,714 5,166 Charitable Activity..1 8,448 8,448 8,089 Governance Costs 707 707 I,oii Other re50urce5 expended 18,461 17,(QO 35,461 36,695 Total resources ex ended 33.335 I7.0 50.335 50.961 Net of incorninglout¥oin¥ resources before tr3n51ers 1.303 1.303 5.126 Tron5frr5 Gr055 transfers between fund5- in Gr055 transfers between fund5 Out Net incomingloulgoing before other ¥ainsllosses 1.303 1.303 5.126 OtherrecDglli5ed 9¢7ill5/losse5 Gainsl1055es on investment a55ets Gains on revaluation, fixed a55ests, charities own use Net movement in lund5 1.303 1.303 5.126 Reconciliotlon o nds Total funds brou8ht forward Total funds carried forward 22.131 4.015 26.145 31.403 23.434 4.015 27.448 26.277