## **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