Registered number 01558342 Charity number 1163370
Art Space Merseyside
Report and Accounts
31 March 2025
Art Space Merseyside Registered number: 01558342 Charity number: 1163370 Trustees' Report
The trustees present their report and accounts for the year ended 31 March 2025.
Objectives
The objectives of the charity are to host art exhibitions and offer art and craft courses to the public. To increase public appreciation of the visual arts and associated crafts in Liverpool City region from it base at Bridewell Studios.
Achievements
Activities in the gallery and from members were as follows:
Kissing Gate : An exhibition by artists Lucy Archer, Credo and Talia Lang. January 12th -17th
Marfa Abstraction: An installation and musical event by Gareth Kemp. January 19th - 21st
Terra Ignota : An exhibition by John Elcock and Margaret O'Brien. January 26th - 31st
Escaping the Shackles of Gravity: An exhibition by Lee Booth. February 5th - 21st
Alternative Layers: A group exhibition by 2nd Year Fine Arts Students Hope University. March 4th - 9th
Limits and Demonstrations : An exhibition by Final Year Art Students LJMU. March 15th - 18th
Keep Hoping Machine Running: A group show curated by Gareth Kemp. March 29th - 18th
I Killed the Angel in the House: A solo exhibition by Niamh Tam as part of Graduate Support Scheme held jointly between Bridewell Galleries and Hope University Fine Art Dept . April 4th - 10th
Fund Raising Auction for Liverpool Urban Sketchers with all proceeds going to their 10 year Anniversary book. April 19th
Radical Optimism : An Exhibition featuring the work of Level 3 Applied/Extended and Foundation Art and Design Students from the City Liverpool College (CofLC). April 29th
Untitled : A group exhibition of Final Year BA Photography Students from CofLC May 4th - 9th
Would You Land an Airplane There?: Solo exhibition by Susan Leask. May16th - 21st
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Art Space Merseyside Registered number: 01558342 Charity number: 1163370 Trustees' Report
Life at Arena : An exhibition by members of Arena Studios and Gallery. May24th - 31st
The Earth Breathes : A Solo MA Exhibition by Varsha Manglam. June 5h - 8th
A Moment in Time : An exhibition of recent student work from Studios Arts Liverpool run by Bridewell members Frank Linnett and Mary Freeney. June 11th
End of Year 2024 : a group exhibition by students from Liverpool Media Academy June 17th - 19th
Start With Something : A summer group exhibition and musical event curated by Garthe Kemp. June 14th - 16th
After/Before : A solo exhibition by Brendan Lyons June 23rd - 28th
Reasons to Trust : A group exhibition by Strike A Pose Collective. July 12th - 14th
Censor : An exhibition by S J M Duxbury and Andrew Core. July 19th - 28th
An Exhibition: By Josie Jenkins and Daniel Halsall. August 29th - September 8th
Heritage Open Day Weekends: Free tours given to members of the public about the history of the building as a Police Station and Arts Studios. 74 Visitors over the two weekends. September 12th - 21st
The Cyborg Insects and the Sargasso : The Sargassum and the Entrepreneur: A solos exhibition by David Jacques. September 12th - 26th
Bridewell Collage Experience : An interactive exhibition by Matt Kilp. September 21st - 28th
This Could be Texas : An exhibition of new work by Gareth Kemp. October 3rd - 6th
Ni de Aqui Ni de Alla: Joint exhibition by Talia Belen Liang and Stephanie Trujillo. October 25th - November 3rd
Midway : An exhibition featuring the work of Level 3 Applied/Extended and Foundation Art and Design Art and Design Students from CofLC. November 29th
Exhibition 18 : Recent student work from Studio Arts Liverpool run by Bridewell members Frank Linnett and Mary Freeney. December 11th
A Forest : A painting installation by Gareth Kemp. December 12th
Social Anxiety : Say Cheese: A Christmas group exhibition by Richard Meaghan and S'cube members. December 21st
Facilitated three fund raising nights with Red City Solidarity Disco throughout the year. Funds raised for Asylum Link, law advocacy for asylum seekers, clinical support workers and refugee women's group resources.
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Art Space Merseyside Registered number: 01558342 Charity number: 1163370 Trustees' Report
Facilitated three fund raising nights by Clync (coordinated with The School of Tropical Medicine) throughout the year with their long term project of raising money for a specialist clinical hospital in the Yemen.
Third year participating a scheme to support a recent Fine Art graduate from Hope University by offering a studio space to 6 months and an exhibition in one or both of the galleries.
Risks and Reserves
The charity requires minimal funding to operate, as most of the events are provided by volunteers. Rents and service charges are levied so as to enable the fabric of the building, the Bridewell Studios, to be adequately maintained.
Trustees
The following persons served as directors during the year:
Damian John Cruikshank - Resigned 13th June 2024
Richard Anthony Robinson
Kenneth Frederick Hughes George O'Brien John David Kenneth Ayling
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
George O'Brien Director
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Art Space Merseyside
Independent Examiner's’ report to the trustees on the unaudited accounts of Art Space Merseyside
I report on the accounts of the charitable company for the year ended 31 March 2025 on pages 5 to 9.
Responsibilities and basis of report
As the charity trustees of the company (and also 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 company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by
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1 section 386 of the 2006 Act; or
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2 the accounts do not accord with those records; or 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
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3 and fair view’ which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and
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4 reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
28 May 2025
Gary Wood, FCCA G J Wood & Co Ltd. Chartered Certified Accountants 111 Mount Pleasant Liverpool L3 5TF
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Art Space Merseyside
Statement of Financial Activities and Income and Expenditure Account for the year ended 31 March 2025
| Notes Income Charitable activities Covid-19 Support Expenditure Expenditure on charitable activities Net Income Total funds brought forward Total funds carried forward |
Unrestricted Restricted 2025 Funds Funds Total £ £ £ 46,171 46,171 - - - 46,171 - 46,171 42,482 - 42,482 3,689 - 3,689 31,261 31,261 34,950 - 34,950 |
2024 Total £ 49,271 - 49,271 52,622 (3,351) 34,612 31,261 |
|---|---|---|
The notes form part of these financial statements.
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Art Space Merseyside Registered number: 01558342 Charity number: 1163370 as at 31 March 2025
| Notes Fixed assets Tangible assets 5 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Net assets Funds of the charity Unrestricted funds Total funds |
2025 £ 6,542 67,606 (900) 66,706 73,248 73,248 73,248 |
2024 £ 6,952 64,711 (870) 63,841 70,793 70,793 70,793 |
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
George O'Brien Director Approved by the board on 28 May 2025
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Art Space Merseyside Notes to the Accounts for the year ended 31 March 2025
1 Summary of significant accounting policies
Basis of preparation
(a) General information and basis of preparation
Artspace Merseyside is a public benefit entity in England / Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The nature of the charity's operations and principal activities is hosting art exhibitions and offering art/craft courses to the public.
The charity constitutes a public benefit entity as defined by FRS 102. 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) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £0.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The charity has taken advantage of the provsions of FRS 102(1A) and not prepared a statement of cash flows.
(b) Income recognition
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Revenue in respect of studio rents and trading is credited to income when received.
(c) Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:
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Expenditure on charitable activities ; and
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Other expenditure represents those items not falling into the categories above.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
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Art Space Merseyside Notes to the Accounts for the year ended 31 March 2025
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings
over 50 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| 2 Employees Average number of persons employed by the company 3 Analysis of Income (all unrestricted) Other trading income Rental income Auctions and events Covid-19 support 4 Analysis of expenditure (all unrestricted) Charitable activities Property expenses Depreciation Support costs Adminstration expenses Independent examiners fees |
2025 Number - 2025 £ 39,821 6,350 46,171 2025 £ 32,171 410 9,001 900 42,482 |
2024 Number - 2024 £ 41,890 7,381 - 49,271 2024 £ 41,827 410 9,402 983 52,622 |
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Art Space Merseyside Notes to the Accounts
for the year ended 31 March 2025
5 Tangible fixed assets
| Cost At 1 April 2024 At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 |
Land and buildings £ 20,476 20,476 13,524 410 13,934 6,542 6,952 |
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Art Space Merseyside Notes to the Accounts for the year ended 31 March 2025
| 6 | Creditors: amounts falling due within one year | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Trade creditors | 900 | 870 |
7 Other information
Art Space Merseyside is a private company limited by guarantee and incorporated in England. Its registered office is:
Bridewell Studios And Gallery 101 Prescot Street Liverpool L7 8UL
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Art Space Merseyside Detailed profit and loss account for the year ended 31 March 2025
This schedule does not form part of the statutory accounts
| Sales Cost of sales Gross profit Administrative expenses Operating (loss)/profit (Loss)/profit before tax |
2025 £ 46,171 (9,001) 37,170 (34,715) 2,455 2,455 |
2024 £ 49,271 (9,402) 39,869 (44,240) (4,371) (4,371) |
|---|---|---|
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Art Space Merseyside Detailed profit and loss account for the year ended 31 March 2025
This schedule does not form part of the statutory accounts
| Income Gallery auctions and events Rents receivable Cost of sales Other direct costs Administrative expenses Premises costs: Rates Light and heat Maintenance Insurance General administrative expenses: Telephone and fax Depreciation Sundry expenses Legal and professional costs: Accountancy fees |
2025 £ 6,350 39,821 46,171 9,001 3,594 2,526 7,492 18,559 32,171 1,101 410 133 1,644 900 900 34,715 |
2024 £ 7,381 41,890 49,271 9,402 3,821 3,554 15,181 19,271 41,827 962 410 58 1,430 983 983 44,240 |
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