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← Artspace Lifespace

2023-09-30-accounts

IS IMPACT 2023 ARTSPACE LIFESPACE

ARTSPACE IMPACT 2023 LIFESPACE Jo ¥p

Contents

Introduction 3
Looking back at 2023 7
Finances 20
Thanks to our Funders &
Supporters		 26
The Island Studio Holder & 28
Circus Studio Member Survey

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"The Island is a wonderful home for so many creatives, that I feel so lucky to be a part of! I hope we can stay here and grow together long into the future. "

Quote from a Studio Holder at The Island

Impact Report Introduction 03

Introduction

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Kathryn Chiswell Jones Company Manager

NOURISHING NETWORKS AND CULTIVATING COMMUNITY

Arts funding has seen dramatic cuts since 2010. Grant-in-aid and lottery money to the arts declined by £178 million between 2010 and 2023. Arts Council England’s (ACE) budget was reduced by around 30% over the same period. Funding for performing and creative arts courses at English universities next year, which will further damage the UK’s cultural industries.

The cost of living crisis has been a struggle both with rising wages and costs but also a struggle for our studio holders with some studio holders considering taking on second (or third) jobs, quitting their art practice, leaving the city or even leaving the country.

And yet, despite this bleak prospect, artists kept creating and demand for affordable arts studios continues to outstrip supply.

The November 2023 report ‘The arts in the UK: Seeing the big picture’, by management consulting firm McKinsey and Company described the UK as a “cultural powerhouse” with a globally recognised arts sector and 91% of UK adults engaging with the arts in the previous 12 months.

Overall, DCMS estimates that GVA (gross value added) by the creative industries in 2022 was £126bn (12% higher in real terms than in 2019) up from £115.9bn GVA (or nearly 6% of the British economy, employing 2.3 million people in 2021) as well as contributing greatly to the country's status internationally.

Neoliberalism has influenced the arts in various ways and the competitive conditions of the arts and funding is isolating and unsustainable. Support for

the arts doesn't have to be a zero-sum game where one group gains at the expense of another.

A thriving arts ecosystem benefits everyone. Being part of growing communities has really helped empower us and supported us on our journey over the past year. All of our venues are collaborative efforts. The Arts Mansion is possible thanks to the support of Bristol City Council Parks Team, The Vestibules due to the support of City Hall Workplace Support and Bristol City Council Arts and Development Team. The Island was made possible thanks to below market rent from Creative Youth Network until 2021. Broadmead XP is managed on our behalf of the brilliant Keep Art It & Art 100. We couldn’t manage Sparks without our brilliant parters Global Goals Centre and all the department leads and community champions.

In last years report we talked about how the culture sector could benefit from a mycorrhizal network and in 2023 our networks did indeed mushroom and flourish.

04

Overview

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In 2023 we achieved our aim creating more meet-ups between the artists who use our spaces and hosted three Artists Support Evenings at Sparks. We welcomed Ruby Sant to share her expertise on funding. Ryhanna Hall helped artists navigating the daunting realm of budgeting and tax returns. PR Company Plaster and fashion PR expert Meg Cox gave a talk on PR and Digital marketing.

It was restorative and timely to join a funded residential gathering organised by Platform Places together with members of Power to Change's Community Business Panel as a space to build and deepen relationships with 20 other national community assets leaders and share challenges and inspiration.

Nurturing and restoring these mycelial networks is important for maintaining the resilience and stability of these ecosystems in the face of change.

Alone, we are but single strands; together, united within our mycelial networks, we weave an underground tapestry of strength, resilience, and connection, bound by common threads.

All work and no play..

In 2022 we touched on how collectively there was a feeling of exhaustion and feeling powerless. While 2023 provided lots of inspiration, it brought with it many more challenges. There seems to be an expectation exasperated by the funding environment that we constantly have to do more, promise more, or promise something different to be eligible for funding. Our team is deeply passionate about the work we do but

prolonged and unrelenting stress takes its toll and manager burnout is one of our major challenges in the year ahead.

While we remunerate our staff in line with the National Joint Union Rates, our managers in particular, work longer hours than contracted. People working in the arts and third sector routinely go ‘above and beyond’ for the benefit of others – often in the face of funding cuts and policies and in the case of Artspace, uncertainty around our tenancies and managing dilapidated buildings that make our work harder than it needs to be.

Our policy is to now to pay our management staff for their overtime. To encourage more ‘rest’ we gave our team leaders an extra day's holiday (pro-rated) in 2024. When all you do is work, you forget how to play and my ambition for 2024 is for our team to have more opportunities be inspired, rest and play

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We are used to managing with limited resources but as new priorities continuously emerge along with increased financial pressures, our dedicated team needs more support to be sustainable. Preventing burnout among our team will require long-term, organisation-change and cultivating an ‘abundance’ mindset, but is essential to provide the mental clarity necessary for innovation and the necessary mental space to experiment and keep taking the creative risks that Artspace Lifespace is recognised for.

In 2023 we celebrated the creativity and perseverance of the arts community and the vital role of collective action in overcoming obstacles and achieving shared goals. Looking ahead, Artspace Lifespace is committed to fostering a culture of well-being and inspiration, ensuring that our team members have the support and resources they need to continue making meaningful contributions to Bristol’s rich cultural landscape.

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Impact Report Looking Back at 2023 07

Looking back at 2023

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Artspace Lifespace in 2022/2023.

Artspace Lifespace’s current Mission statement is Providing Access, Space, Logistics and Support for a vibrant creative community in Bristol and beyond. We do this through the acquisition, provision and maintenance of a diverse portfolio of venues; where artists can make, collaborate and present works and where communities can access affordable arts within their locality.

We repurpose underutilised art spaces for independent artists to experiment, develop, and thrive on both a meanwhile and longer-term basis. We secure interesting, unusual and often difficult buildings in which we build workshops, studio spaces, offices, galleries, cafés, independent retail, performance and training facilities.

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The Island is 15

We couldn’t have imagined when we took on a licence to occupy that the Island would still be here 15 years on.

While it has become more challenging due to rent increases from our landlord who are also a third sector organisation struggling with cost increases and lack of funding, though the Island is no longer to operate as a self-supported arts space, our healthy reserves enabled us to continue to operate in 2022-2023.

During the pandemic, we had to reduce the number of dance students allowed in our classes and also increased the amount of space between classes to enable the rooms to ventilate between classes. We worked with Hydrock and Ambisence to carry out a study on the air quality in the venue.

Prior to the Ventilation improvements, The Dance Studio reported numerous and frequent readings above 1500ppm which indicated a poor air quality. Since the work has been done there has been only five.

We used a £36,000 grant from Nisbet Trust and paid the balance of the invoice due through a donation from our trading subsidiary for the remainder of the works.

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Looking back at 2023

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Predicting future pandemics with certainty is challenging, as they are influenced by a combination of complex factors involving viruses, human behavior, and global

interconnectedness. Despite the knowledge gained during the pandemic that Ventilation stopped the spread of viruses, we did not find any grants we were eligible for in the South West that would have supported the improvements we needed to make.

We could not have carried out this essential work without the support of the Nisbet Trust taking a risk on Artspace Lifespace carrying out this work, despite us not having a long lease in the building, and the permission of our landlords which enabled us to carry out these improvements.

While we are noticing a return to prepandemic levels in terms of dance class and student occupancy, bookings in our gallery space were down on prepandemic level in Year End 2023

and with increased premises and staff costs as well as a reduced profit from our trading subsidiary, core funding will need to be able to support the Island moving forward.

In 2022 we also took on an ambitious new project called Sparks Bristol working in partnership with the Global Goals Centre. One of the visions for Sparks was for it to be a venue where all would feel invited, and where they could have access to arts and sustainability education.

The location of Sparks and the opportunity to utilise the walkway as a thoroughfare meant we had the opportunity to capture new audiences who may not otherwise engage with ‘Culture’. The number of Visitors between our open day on 13/5/2023 and 31/12/2023 was 282,990 demonstrating the importance of location, openness and accessibility when providing cultural spaces.

In 2023, along with many other events, Sparks provided a base for The Invisible Circus’s ‘Weekends of Wonder’ street performances, hosted free children’s workshops, film screenings from Aardman Animations, Bristol Palestine Film Festival’s ‘Poetry On Palestine’ event and a 100 person dance masterclass held by Craig Revel Horwood! 2,260 children and young people visited Sparks to learn about sustainability and repair skills with Global Goals Centre and ReFuse Dept run by Sustainable Hive and 1,315 people received energy advice.

Activating Sparks as a cultural venue on the high street aims to foster a broader dialogue about the critical role of culture in revitalising and enriching high street experiences. Our dedication to repurposing underutilised art spaces for independent artists to experiment, develop, and thrive remains steadfast. Looking ahead to 2024, we aspire to inspire and support better placemaking in our cities with culture at its heart.

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Making Sparks Fly..

In our last annual impact report we were able to announce our latest venture, Sparks Bristol, which emerged as a response to the closure of a much loved iconic post-war building in the central shopping area of Broadmead.

Working with Hammond Associates Artspace Lifespace explored the opportunity to take on the challenge of rejuvenating the former department store into a thriving community hub. Supported by Bristol City Council, Artspace Lifespace was introduced to Global Goals Centre, an educational charity promoting climate and equality awareness.

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Artspace Lifespace and Global Goals Centre co-created a shared vision for ‘Sparks’ (a name devised by trustee Doug Francis and our Venues Manager Jo Kimber) and forged a partnership with a shared mission - a collaborative effort to creatively address the climate, ecological, and cost of living crises while reimagining the heart of the city for a greener, fairer and more creative future.

We saw this massive empty four-storey department store, which created a liability while empty, as a unique opportunity to bring together organisations and individuals from across the city to pilot new ways to creatively educate, connect and tackle the growing eco-anxiety. The building was certainly not without its challenges. When we first went to view the store it had only been closed a few months. In the time it took to sign the lease, the building was already experiencing

Looking back at 2023

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numerous issues. The water and heating had been decommissioned and leaks had sprung up throughout the building. Project partner Global Goals Centre raised £33k in sponsorship to transform the ground floor space, working with The Invisible Circus Creative Director Doug Francis and their team on a sustainable build using discarded office furniture, film sets, and theatrical scenes bringing back the 'Art' in Department.

The shared vision and collaboration is what we feel makes Sparks so special. Over 50 organisations and individuals donated their time to input into the vision of Sparks and the project received pro bono assistance from firms such as Arup, Hydrock, Terralupa, Burges Salmon, and Womble Bond Dickinson, and furniture donations from CollectEco, making Sparks a unique community-driven initiative.

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Looking back at 2023

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“I love this place so much, I wish it existed everywhere” Sparks Visitor

Over 120 ethical local traders, 30 charities, and 11 Community Champions joined forces, breathing life into Sparks - the Department Store with a Difference.

The vision for the building is to keep it in use by the community rather than it standing empty and provide an environment in which people can learn imaginative ways to live more sustainably. From fashion and food to nature and energy, each department is designed to support local people and visitors to take easy (and often moneysaving!) actions on climate, equality and wellbeing. The ground floor is centred around retail and education while the

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Department of Imagination on the upper floors is a hub for local artists, offering affordable studios, rehearsal and performance space.

We see Sparks as a pilot, experimenting and demonstrating how we can repurpose our high streets for the 21st Century by providing:

Space for community, cultural activity and experiences. Adapting to changing lifestyle and values - retail focused on sustainable, high-quality products.

More independent shopping. Services and personal experience that you can’t buy online. Support for a more distributive and regenerative economy.

It was important for us that Sparks be a space for everyone. We are proud of what we have achieved to date in its initial pilot stages and look forward to developing it further now that we have been awarded more time to do so and paying back our initial financial investment.

Meanwhile building projects are always a risk and we consider the community benefit opportunity in any new meanwhile project we agreed to take on. I call Sparks our “Go Hard or Go Home” project. It was a risk for our charity both reputationally and financially and our team worked tirelessly throughout the year.

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We’ve already seen a strong social return on our investment and I have been inspired by the connections and partnerships developed at Sparks, and the potential for independent organisations to drive the revitalisation of the high street and sustainable redevelopment of Broadmead. The Sparks project showcases the potential for independent organisations to revitalise high streets and contribute to the sustainable redevelopment of urban spaces.

As the lease term has now been extended to December 2025, Sparks is committed to continuous improvement, making it an even more accessible and welcoming oasis in the city centre. This innovative project is not just a retail space; it's a testament to the power of community-driven revitalization, breathing new life into forgotten urban landscapes.

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“Each area has its own department, and there’s a strong message of reuse and recycle throughout. It’s very Bristol. I personally thought it was a great use of an empty building, it looks fab.” Caz Milford

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Looking back at 2023

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Meanwhile at the Mansion

While we never did hear why The Princes Foundation withdrew their interest in Ashton Court, rumours abounded that the now King had more pressing tasks than concerning himself with Bristol’s much loved but dilapidated architectural mongrel of a manor house.

And so in May 2023 we signed another meanwhile lease with Bristol City Council. The Friends of Ashton Court Mansion which we set up in 2018 now runs independently from Artspace Lifespace continue to run public open days 3 times a year alongside informative building tours of the derelict first floor.

Bristol Civic Society outgoing chair Simon Birch continues to campaign for a long-term future at Ashton Court.

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We have previously advised that any restoration is tackled in stages, starting with the beautiful fire-damaged North West wing which has the most commercial opportunity as a retreat and wedding venue.

The music room and panelled lounges offer ample space for cultural and community gatherings, with an opportunity to extend the current cafe and create a new visitor entrance from here. Ashton Court will be a considerable restoration project but by phasing the restoration, there are huge opportunities to reverse the accelerating decline.

Bristol Civic Society outgoing chair Simon Birch continues to campaign for a long-term future at Ashton Court. Until then, Artspace Lifespace continue to operate the mansion as a meanwhile affordable arts and community space.

Looking back at 2023

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Broadmead XP

We want to create Cultural Spaces that are welcoming and inclusive for all ages and break down class barriers in the arts. In 2023 we took on a Unit in the Galleries Bristol as a satellite project of the Island, working in partnership with Keep Art It who have created a new CIC ‘Art 100’

Artspace Lifespace and Keep Art It works together with One Green Kitchen to provide an art club for Chinese old and new migrants who meet every Tuesday to create art together. The group provides a welcome space and helps combat loneliness as well as providing a space to share art and creativity with others.

Playback Arcade provides affordable space for retro gaming with Hoard providing D&D sessions, including sessions for neuro-diverse and homeschooled kids.

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Looking back at 2023

Artspace Lifespace is derived from the Circus and we celebrate all forms of culture - including cultural activities that conventional art organisations may see as lowbrow such as gaming. Playback Arcade provides affordable space for retro gaming with Hoard providing D&D sessions, including sessions for neurodiverse and home-schooled kids.

“We set up a Chinese elderly art club, allowing the lonely elderly across the city, to meet to do some artwork”

Anne Su

Founder of One Green Kitchen and Chinese Community Champion at Sparks Bristol

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Looking back at 2023

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The Vestibules

The Vestibules thrived as a residency space in 2023 and enabled events such as providing space for Interlaced Narratives: Weaving Tales Through Textiles, showcasing work by women with disabilities and those with conditions like cancer and mental health difficulties and providing free consultancy to artist Dan Petley, who used the Park Street Vestibule as a reciprocal live workspace, inviting visitors to bring found objects to be made into sculptural jewelry pieces.

The Vestibules is also home to the UK's first Aboriginal owned gallery supporting and celebrating emerging and established artists with seasonal exhibitions.

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While residencies thrived at The Vestibules in 2023, the number of commercial hires was down on prepandemic levels due to numerous factors including an increase in out of hours security costs, meaning evening and weekend use was unviable and a rise in the cost of living impacting artists.

The Vestibules was a project supported by the Mayor’s team and so its future beyond 2024 currently remains uncertain. But we hope to be able to continue to open up this unique space to artists, in particular, artists whose practice is rooted in social engagement and community interaction.

The Vestibules is a satellite project of the Island.

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Interlaced Narratives - July 2023

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Looking back at 2023

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The Island is 15!

From the intricate mycelial networks emerge the resilient mushrooms, where seeds of possibility take root, ushering forth new growth and endless potential .

So much of what Artspace Lifespace has achieved over the past 10 years is on the back of the work at The Island. It is thanks to the creativity of Bristol’s visual arts and circus community that The Island exists. The name Artspace Lifespace comes from the fact that artists lived and breathed these art spaces. The Island was not just a space for making art, it was where artists lived, shared meals and worked together.

Now artists are being pushed out of the city, both due to the cost of studio space but also the high cost of living here.

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Over 15% of our studio holders said they were considering giving up their studio as a result of the cost of living increases with 10% saying they had considered moving overseas. Only 20% of our studio holders said they made 90-100% of their income from working as an artist.

Ironically the Invisible Circus who left the CID building to pursue security of tenure are now losing their home at Unit 15 at some time in 2024. It was bittersweet to attend their 2023 ‘Welcome to the Future’ and spaces we highlighted as lost to Bristol at our 2019 Futurville exhibition were incorporated into the ‘Cultural Graveyard‘. Sadly one of the organisations who supported our Futurville event, Bristol Ideas is also one of the organisations now lost to Bristol after 2024.

The Island feels more and more like an Island as development springs up around us. Student accommodation is planned for Nelson Street and Rupert Street car park. We were sad to learn of the the loss of nearby Pithay Studios. Large developments are springing up across the city and taking a risk on Sparks is part of our mission to be more outward facing and demonstrate the need to retain cultural spaces in Bristol.

The full impact of our 222% rent increase is now in force and it has been

financially challenging and the Island is no longer a self-sustaining project. The cost of our rent per annum is now just 37% less than the amount The Invisible Circus were asked if they wanted to buy the CID building for (now the Bristol Wing, owned by the YMCA).

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Looking back at 2023

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In happier news for development, The Courts, owned by Creative Youth Network and part of Bridewell Island is due to open in June 2024 and will provide meeting rooms, shared workspaces, rented offices, and a dedicated rehearsal/performance space.

Our 2023 Open Studios celebrated 15 years at The Island - quite the achievement for a project that started with a promise of 6 months.

We hope to still be at The Island for our 20 year celebration by which time The Courts will be open and we can show off the whole of the creative ‘Island’ we helped create on Nelson Street.

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Looking back at 2023

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Artspace Resispace Programme

“My Artspace Lifespace residency at Sparks allowed me to carry out my workshops for my research in a relaxing and positive environment that echoes my values. Being able to use the space free of charge relieved a lot of financial pressure too”. Ellen Edwards

Our 2023 Artspace Resispace programme enabled 14 creatives across five venues to make and develop work in progress with the equivalent of 165 days provision of free space and support in kind from our staff and team.

“Artspace Lifespace went out of their way to find time to support our project. They provided a large and beautiful space, free of cost, that was integral to our rehearsal process”. Truly Siskind-Weiss

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Dan Petley ‘ Gutterbling’ Sep 2023

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Looking back at 2023

Artspace Resispace Programme

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“I am very grateful to Artspace Lifespace for enabling me to carry out a residency at Ashton Court to investigate and trial some ideas involving deep mapping and sense of place, in my printmaking practice. The residency was an opportunity to spend time experimenting with concepts with total freedom though with support when required. and the venue, know-how and facilities to showcase my body of work on completion. The residency at Artspace Lifespace enabled me. to exhibit my work to well over 300 people from whom I have had. much positive and valuable feedback that will inform my practice going forward and my lead to further opportunities for me as an artist/printmaker.” Helen Rollinson (Image (c) Helen Rollinson

“Artspace Lifespace have been incredibly helpful and supportive as we've launched the Bristol Urban Forum. We are an unknown quantity in the city, but the team quickly understood our aims as a citizen-led project and the shared objectives. We would not have been able to have launched the forum without their support.” Bristol Urban Forum

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Finances 20

Finances

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OVERVIEW FROM TREASURER, CLARISSA JEAKINGS

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Our financial statements for the year ending 2023 demonstrate an ambitious allocation of resources towards our mission-driven activities. Despite the challenges posed by the economic downturn, increased staff costs, premises expenses, and governance costs, we have managed our funds effectively. This has enabled us to take on new projects and maintain rent levels at the Island at rates studio holders indicated were the maximum they could afford.

Financial Overview:

Income: In Year End 2023, our overall income decreased while our overheads increased.

Our total income from grants was £59,631, down from £75,155 in the previous financial year, representing a decrease of approximately 21%.

While our total earned income increased by 26% compared to the previous financial year, our total costs increased by 53% leaving a deficit at the year end of £67,411 compared to a surplus of £22,817 in the prior year. Losses at the Island exceeded £17,000, not including the £12,200 contribution to the charity's core costs (which include the company manager salary, insurance, IT costs, audit and accountancy fees, etc.).

Increase in Overheads:

Staff Costs: up 58% Premises Costs: up 114% Office Costs: up 119% Governance Costs: down by 8%

We follow the NJC rates for our PAYE staff and the Real National Living Wage for self-employed duty managers. An increase of £1,925 was made on all NJC pay points 1 and above due to the cost of living crisis.

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Finances

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Fair Pay:

CEOs in the UK's top 100 companies now earn on average 386 times that of a worker earning the National Living Wage. Since 2017, we have been working towards decreasing the gap in pay between the lowest and the highestpaid members of staff and our pay policy stipulates that no member of staff can earn more than three times (150%) that of another. In 2023 the difference between the highest and lowest paid member of staff was 35%.

Staff pay is reviewed annually in January in line with any NJC Pay increases, staff on the lowest pay scales earn the Real Living Wage if that is higher than the NJC rates.

In addition to paying the Real Living Wage allowance, part-time ad-hoc staff who choose to stay on a self-employed contract are also paid an uplift of 12.07% (in lieu of holiday pay).

PAYE staff can also choose to enrol on a Health cash plan paid for by Artspace Lifespace.

ROLE SCALE NCP
Duty Managers, Cleaners 1 1
Assistants / Coordinators 3 6
Facilities & Maintenance
Assistant		 4 7
Facilities Officer 4 9
Bookings Officer 4 10
Bookings Officer 4 11
Venue Officer (Assistant /
Coordinator)		 5 12
Finance Officer, Development
Officer		 5 14
Creative Producer / Content
Manager		 6 21
Centre / Venue Manager Senior
Officer 1		 23
Company Manager PO1 27

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Finances

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New Projects and Strategic Investments:

In November 2022, we signed a lease on a new project, Sparks Bristol. The ambition was to run Sparks as a pilot initiative for at least six months and retain a return on our investment. Due to unforeseen building issues, this deadline has been extended, but we anticipate recouping the majority of our investment in Sparks by year end 2024, making it a self-sustaining project. Additionally, we took on a new project, BroadmeadXP, in March 2023.

Our investment in a wide portfolio of meanwhile spaces forms part of our strategy to provide and maintain a diverse portfolio of quality facilities.

Reserves and Future Planning:

With the temporary nature of our projects, our strong reserves position has been instrumental in giving us the confidence to plan and undertake new projects. We will continue to remain vigilant in managing risks and planning for the future.

We extend our deepest gratitude to all our donors, partners, and supporters for your continued commitment to helping create space for creatives to make, develop, sell and showcase their work.

Reserves Policy

Our review of the level of reserves forms part of our annual budgeting and forecasting process, where we forecast our anticipated income and expenditure for the year ahead. We also take into consideration the reliability of each source of income and any future needs where future income alone is likely to fall short of the amount of the anticipated costs.

We have formally earmarked Closing Out Costs (Staff Redundancies, Studio Holder Deposits, Accountancy Fees, Legal Fees, Move out costs) as designated funds.

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Finances

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Funds at the year end are represented as follows:

Total funds at year end

£186,030

Restricted fund at year end

£14,614

Designated funds at year end

£104,104

Remaining general funds to be

used for any purpose of the charity £67,312

We estimate that 3 months is an appropriate minimum level of general funds to hold. These free reserves can be spent in the following situations:

An unforeseen emergency or unexpected need for funds e.g. an unexpected large bill or seed funding for an urgent project.

To cover unforeseen day-to-day operational costs e.g. employing temporary staff to cover a long-term sick absence.

To cover short-term deficits e.g. money may need to be spent before a funding grant is received. In this context, we define “short-term” to be within a 3 month period. Any deficits exceeding or expected to exceed this period would require trustee board consultation and approval.

The anticipated level of reserves based on 3 months operating costs equates to £129,940. General fund at the year-end of £67,312 is below the anticipated amount. This is mainly as a result of the Board of Trustees agreeing to use £50,000 reserved to repay our Bounce back loan to fund the start up of Sparks Bristol. We will use income generated from the return on investment in Sparks Bristol to build back our reserves.

In addition to this should the general reserves fall below 1 month’s of operating expenses, the trustee board would be notified and a review will be undertaken to discuss whether any further action is required.

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Financial Activity as of YE 2023 Finances 2023 112022 £600,000 £400,000 £200,000 £0 -£200,000 Grants Donations Trading Income I Charitable Activity Total Income Expenditure Net Income I Expenditure 25

Thanks to 26

Thanks to

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Our Funders & Supporters

Funders:

The Nisbet Trust for enabling us to complete our planned ventilation in our Dance Studio at The Island in 2023. The £36k awarded was spent in 2023.

Bristol City Council Vacant Commercial Property Grant - £7,500 towards the costs of Sparks granted in March 2023 with payment received in February 2024.

Arts Council England - £49,983 towards the costs of Sparks Bristol.

Postcode Lottery Fund - £20,631 from the Postcode local trust towards our core organisation costs.

Bristol City Council Imagination funding which came to an end in 2023 after being extended in 2022-2023 for one year.

Our Partners Global Goals Centre and the organisations that provided them with funding for our ground floor build at Sparks And thank you to those of you who made donations to Artspace Lifespace in 2022/23.

Pro-Bono Support:

Professional support via Power to Change and Heritage Compass Cause 4 Programme.

Professional support from Futureground, Womble Bond Dickinson, Burges Salmon, Gleeds, Alec French Architects and Hydrock who are supporting the SPARKS Bristol project by providing pro-bono advice and CollectEco for supporting us through furniture donations.

Estimated Value of Support in Kind

Futureground: £5,000 for pro-bono evaluation work with UWE for Sparks Bristol

Womble Bond Dickinson £1,800 for legal support on Sparks Bristol and BroadmeadXP

Burges Salmon £1,300 for legal support and free venue hire

Gleeds: £500 for professional advisory support for Sparks Bristol

Alec French Architects: £2,000 for professional advisory support and pro-bono work on Sparks Bristol

Hydrock: £2,000 for professional advisory support on Sparks Bristol

Collecteco: £5,000 for the donation of furniture and other materials to Sparks Bristol.

Volunteers:

Volunteers who supported our Open Day at The Island and Sparks

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Artspace Lifespace 2023 Impact Report

Studio Holder & Member Surveys

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Artspace Lifespace 2023 Impact Report

Studio Holder & Circus Studio Surveys

Overview

Thank you to all our Island Studio Holders and Circus Studio members who completed our survey.

Island Studio Holder Survey Response Rate 43%.

Circus Studio Members Response Rate 25%.

We use the results of the survey to determine how directly support the artists who use the Venue and direct them to other resources that might be of benefit.

"I spend all my time outside of work at the island. The sense of community is great, I LOVE training here and I can't imagine not having this space"

Quote from an Island Circus Studio Member

Photo by Laura Montag, Island Open Studios 2023

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Artspace Lifespace 2023 Impact Report

Studio Holder & Circus Studio Surveys

Where are our studio holders and members located?

BS7 8 BS9 4 BS16 BS3 4 BS3 4 BS50 BS2 8 BS2 0 BS16 BS6 7 BS3 1 BS5 0 BS7 9 BS5 6 BS5 6 BS28 BS2 8 BS7 8 BS6 6 BS58 BS8 4 BS7 8 BS8 4 BS1 5 BS8 3 BS8 4 BS5 6 BS4 4 BS3 1 BS2 8 BS2 9 BS5 6 BS8 4 BS34

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Studio Holder & Circus Studio Surveys

Artspace Lifespace 2023 Impact Report

How many hours a week do you use your studio?

When do you normally access your studios?

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Studio Holder & Circus Studio Surveys

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Artspace Lifespace 2023 Impact Report

What are your main areas of artistic activity?

Approximately what % of your income is from working as an artist?

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Studio Holder & Circus Studio Surveys

Artspace Lifespace 2023 Impact Report

Have you considered any of the following as a result of the cost of living and housing crisis? Please select all that apply.

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Studio Holder & Circus Studio Surveys

If studio prices were to increase in 2024, how much extra could you afford to pay?

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Artspace Lifespace 2023 Impact Report

Studio Holder & Circus Studio Surveys

Top 5 considerations when choosing an artist studio?

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Studio Holder & Circus Studio Surveys

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Artspace Lifespace 2023 Impact Report

What time do you normally access the Circus Studio?

When do you normally use the circus studio?

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Studio Holder & Circus Studio Surveys

How often do you visit the circus studio?

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What is your primary reason for using the Circus Studio?

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Studio Holder & Circus Studio Surveys

Artspace Lifespace 2023 Impact Report

Approximately what % of your income is from working as a circus artist?

Have you considered any of the following as a result of the cost of living and housing crisis?

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What does the Island mean to you and what would it mean to your practice if it had to close?

Studio Holder & Circus Studio Surveys

Below are a selection of responses chosen for their emphasis on the personal and community impact, affordability, and the irreplaceable nature of the Island:

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What does the Circus Studio at the Island mean

to you and what would it mean to your practice if Artspace Lifespace could no longer afford to run The Island as an arts centre?

Studio Holder & Circus Studio Surveys

Below are a selection of responses chosen for their emphasis on the personal and community impact, the irreplaceable nature of the Island , and its importance for both professional and mental well-being::

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A Short Glossary of Plants

Comfrey

Comfrey has been traditionally used topically to promote the healing of wounds, cuts, and abrasions.

Sage

The herb of ‘wisdom’ - In the medieval period ‘fresh and green’ sage was used to cleanse the body of venom and pestilence,’ it is rich in antioxidants, antimicrobial, aids digestion and may have cognitive-enhancing properties

Lavender

Lavender is a very useful herb. Amongst its therapeutic properties lavender is antimicrobial, anti-fugal and antiseptic and may offer a solution to the problem of antibiotic resistance.

Cumin

Cumin contains compounds called flavonoids that work as antioxidants in the body. It's a natural anti-microbial and rich in antioxidants, so it may help to ward of disease.

Rue

Clary Sage

Clary sage is a eurphoria inducing herb, it helps to relieve feelings of stress and invoke a reassuring feeling that everything is well.

Chamomile

Chamomile is used in a tea and topically to help improve sleep, reduce anxiety, provide relief from stomach ailments, and treat skin conditions.

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Rue was used as a strong purgative for plague and poison in medieval times, and as a holy water sprinkler in exorcisms. In witchcraft, rue is often used for hex breaking and for warding off the evil eye. Due to its toxicity, the use of this plant is not recommended by modern herbalists

Angelica - Imagination

Angelica was used as a journeying medicine in ancient times and revered as a sacred herb that opens the imagination in many cultures. Imagination helps us explore different perspectives, dream new ideas and envision new possibilities.

Artspace Li*espace 2023 Impact Report ¥r.I

The Island, Nelson Street, Bristol BS1 2BE Registered Charity No: 116815 Artspace.uk IG/FB/Twitter: @ArtspaceUK Support Artspace Lifespace by becoming a Patron: https://artspace.uk/contact/donations/

ARTSPACE LIFESPACE FINANCIAL STATEMENTS 30 SEPTEMBER 2023 Charlty Number 1168150

ARTSPACE LIFESPACE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 Contents Pages Relerence & Adminlstraliva Inf(xrnalion Report of the Trustees 2.17 Independent ExarriThfs RekX)rt 18-19 Ststemenl ol Flnanclal Acllvltlos 20 B81anc* Sheet 21 Notes fofmirvJ part of the financial statements 22-30

ARTSPACE LIFESPACE REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 30 SEPTEMBER 2023 Anlhony Ellh?tt Kara de los Reyè8 Jam8s Francis Slew Choo Clarissa Chirg (Clarissa Joakwyl (Treagjrerl Wim Penhaul Perislera Siefanou lappoknted Agril 2023> Melissa Blackbum (appointed December 2022) Richard lryine (appo￿1￿d t)e¢ember 2022} Prlnclpal Offic• The I￿and Nelson Stwl Bristol BS1 28E Indopendent Examlner Joshua Kingslon Bsc ACA Burton Sweet Limited Chartered Accountants The c1￿k Tower 5 Fart8￿h Court Old Weslcn Road Flax Bourton Brfstol BS48 1 UR Bank•rn HSBC Contscts The Island Nelson Stre•t Bristol BS1 28E Telephone 0117 376 3457 Emal.. inlo@artspac•.uk W8b.' http8.'llartwc•.ukJ

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 OBJEcfivES AND ACflWnES Artspace Lifespace's charitable objects are to promote art for the benefit of the public by the establishment and maintenance of facilities for artists from a vafiety of artistic prartices to create works, to collaborate, and to present and perform these works for the public. Artspace ￿fe$paCe'S current Mission statement is Providing Access. Space. Lo8iStlcs and Support for a vlbrant creative community in Bristol and beyond. To accomplish thi5, Ihe charity aim5 to provide resources and facilitie5 that enable SUStainable. creative communities. We do this through acquisition. provision and maintenance of a diverse portfollo of quality facllltie5; where artist5 can make, collaborate and present works and where communities access affordable arts Wlthin their locality. In order to achieve thls. we repurpose underutllised art spaces for independent artists to experiment, develop, and thrive on both a meanwhile and longer term basis. We Secure interestin8. unusual and often difficult buildings in which we build workshops. studlo spaces, office5, 8allerle5, cafés, independent retall, performance and training facilities. Our 8rassr0015 approach creates independent friendly and supportive art spaces where ' anyone can unleash their creativity. We act as a broker between property owners, creativles and communities and also offer support and advice sep4ices to artists and communlty on how to deliver iheir own projects nationally. We PfCNide a support network lor artlsts. hold open studios annually as well as a year.round pro8r3mme of events and exhibitions across our venues. Artspace also advocates for the adaptive reuse of buildings and works on developin8 policies, piocedures and administratlve systems to create inclusive creative spaces. In shaplng our objectives for the year and plannlng our actfvltles, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit- running a charity IPB21' We endeèvour to encourage all within our community to take part in our activitie5 and seek to broaden access to culture throu8h our actlvities.

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 ACHIEVEMENTS AND PERFORMANCE The Island Is 15 We couldn't have imagined when we took on a licence to occupy that the Island would still be 15 years on. While it has become more challen8in8 due to rent increases from our landlord who are also a third sector organisation strugglin8 With cost increases and lack of funding, though the Island Is no longer to operate as a self.supported arts space, our healthy reserves enabled us to continue to operate in 2022-2023. During the pandemic. we had to reduce the number of dance st￿dentS allowed in our classes and also increased the amount of space between ctssses to enable the rooms to ventllate between classes. We worked with Hydrock and Ambisence to carry out a study on the air quality in the venue. Prior to the Ventilation improvements, The Dance Studio reported numerous and Irequent readln85 above 15(NJ ppm whlch indicated a poor alr quality. Since the work ha5 been done there has been only five. We used a £36,Ci)O grdnt Irom Nisbei Trust and pald the balance of the Involce due through ' a donation from our trading 5ub5idiary for the rernainder of the works. Predicting future pandemics wlth certainty is challengin& as they are Influenced by a combination of complex fartofs involving viru5e5, humèn behaviour. and global interconnectedness. Despite the knowledge gained during the pandemic that Ventilation stopped the spread of viruses, we did not find any grants we were eligible lof In the South West that would have supported the Smprovements we needed to make. We could not have carried out thls essentlal work without the support of the Nisbet Trust taking a fisk on Artspace ts'fespace carryiftg out this work, despite us not having a lon8 lease in the buildin& and the permission of our landlords enabllng us to carry out these improvements. While we are noticin8 a return to pre-pandemic levels in terms of dance class and student occupancy, bookin85 in our gallery space are down on pre-pandemlc level and with increased premises and staff cost5 a5 well a5 a reduced profit from our trading Subsidiary, core funding wlll need to be able lo support the151and moving fo￿ard. In 2022 we also look on an ambitious new project called Sparks Bristol workin8 in partnership with the Global Goals Centre. One of ihe visions for Sparks wa5 tor Spark5 to be a venue where all would feel invited. where they could have access to arts. 5UStainability education. The location of Sparks and opportunity to ulili5e the walkway as a thorou8hfare meant we had the opportunity to capture new audiences who may not otherwise engage with 'Culture'. The number of Visitofs between our open day on 131512023 and 3111212023 was 282.990 .' demonstratingthe importance of location. openness arKI accessibility when providin8 cultural spaces.

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 In 2023, along with many other events Sparks provided a base for The Invisible Circus's 'Weekends of Wonderf street perfomances, hosted free children's workshops and film ' screenings from Aardman Animations. Bristol Palestine Film Festival's 'Poetry On Palestine, event and a ICQ person dance masterclass held by Craig Revel Horwoodl 2.260 chlldren and youn8 people visited Sparks to learn about sustainability and repair skills with Global Goals Centre and ReFuse Dept run by Sustainable Hive and 1.315 people received energy advice. O¥•rvhw from Kathryn Chlswdl Jonw. Compary Man4er Nourishing network5 ond cultivating community. Arts funding has seen dramatic cut5 since 2010. Grant-ln-aid and lottery money to the art5 declined by E178 million between 2010 and 2023. Arts Council England's IACEI budget wa5 reduced by around 30% over the same period. Funding for performin8 and creative arts courses at English universities next year. which wlll further damage the UK'S cultural Industries. The cost of Ilvlng cri$15 has been a slru8gle boih with rlsin8 ¥￿Ises and costs but al￿ a stru88le for Our Studio holders With some studio holders considerin8 takin8 on second lor rhlrdl jobs. quitting their art prartice. leavin8 the city or even leaving the country. And yet. despite this bleak prospect. artists kept creating and dernand for affordable arts Studios contlnues lo oulstrip supply. The Novernber 2023 report Th art in . by management consultln8 firm McKlnsey and Company described the UK as a "cultural powerhouse" with a globally recognised arts sector and 91% of UK adults engaging with the arts in the previous 12 months. OveTall, DCMS estlmates that GVA18r05s value added) by the creailve industries In 2022 was £126bn112% hi8her in real terms than in 20191 up from £115.9bn GVA lor nearly 6% of the British economy, employing 2.3 million people in 20211 as well as coniributing greatly to the country's status intemationally. Neoliberalism has influenced the art5 in various way5 and the competitive conditions of the arts and fundin8 is isolating and unsustainable. Support for the arts doesn't have io be a . zero-sum game where one group gains at the expense of another.

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 A thriwn8 arts ec05y5tem benefrts everyone. Being Part of growlng communttie5 ha5 realPy helped empower us and supported us on our journey over the past year. All of our venues are collaborative efforts. The Art5 Mansion 15 PQS5ible thank5 to the 5UPPOrt of Bristol Clty Council Parks Team. The Vestibules due to the support of City Hall Workplace Support and Bristol City Council Arts and Development Team. The Island was made possible thanks to below market rent from Creative y￿th Network until 2021. 8roadmead XP is managed on our behalf of the brilliant Keep Art It & Art ICQ. We couldn't manage Sparks without our brilliant partners Global Goals Cenire and all the department leads and communitv champions. In last year'5 report we talked about how the culture sector could benefit frorn a mycorrhilal network and In 2023 our networks did indeed mushroom and flourish. In 2023 we achieved our aim of creating more rneetups between the artists who use our spaces and hosted three Artists Support Evenin85 at Sparks. We welcomed Ruby Sant to Share her expertise on funding. Rhyannon Hall helped art15t5 navigate the daunting realm of bud8eiin8 and lax returns. PR Company Plaster and fashlon PR expert Me8 Cox gave 3 talk on PR and Dlgltal marketin& It was restofative to Joln a funded ￿sIdentIal gathering organised by Platfonn Places tO8ethef With members of Power to Change's Community Business Panel as a space to build and deepen relatlonships wlth 20 other national cornmunlty assets leaders and share . challen8es and inspiration. NurturlnB and restorin8 these mycelial networks is important for maintaining the resilience and stability of these ecosystems In the face of chan8e. Alone, we are but single strands,, . logether, united withln our mycellal networks. we weave an underground tapestry of . strength, resilience, and connection, bound by the common threads. In 2022 we touched on how Collertive￿ there was a feeling of eMhau5tlon and feellng powerles5. While 2023 provided lots of inspiration, it brought with it many more challenges. There seems io be an expectation exasperated by the funding environment thai we constantly have to do more. promise more. or promise something different to be eligible for funding. Our team is deeply passionate about the work we do but prolonged and . unrelentin8 Stre55 tokes 115 toll and rnana8er burnout 15 one of our major challen8e5 In the year ahead.

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 While we remunerate our staff in Ilne with the National Joint Union Rates, our managers Sn particular. work longer hours than contracted. People working in the arts and third sector routinely Ko 'above and beyond, for the benefit of other5- often in the face of fvndin8 Cuts and policies and in the case of Artspace. uncertainty around our tenancies and managing dilapidated buildings that make our work harder than li needs io be. Our policy is now to pay all staff for their overtime. To entourage rnore 'rest' we 8ave our team leaders an extra day's holiday Ipro•ratedl In 2024. When all you do is work, you forget how to play and my ambition for 2024 is for our team to have more opportunities be inspired, resi and plav. We are used io rnanaglng wlth limlted resources. but as new priorltles continuously emerge alon8 With increased financial pressures. our dedicated team needs more sUPPOrt to be sustainable. Preventing burnoul among our team will require long.term, or8anisation- change bul is essential to provide the mental clèrity necessary for innovation and the necessary mental space to experiment and keep tsking the creative risk5 that Artspace Lifespace is recognised for. In 2023 we celebrated the creatlvlty and perseverance of the arts communlty and the ￿tal role of collective action in overcoming obstacles and achievin8 shared goals. Looking ahead, Artspace tifespace is committed to fosterin8 a cultufe of well-bein8 and inspiration, . ensurlng that our team members have the support and resources they need to continue makin8 meanin8ful contributions lo the arts landscape. Staff ch•nees In 2022-2023 our ieam quickly grew when we look on Sparks Bristol. We were joined by lohft Hosken ' as Building Manager who took on the challenge of settin8 UP this new art space in the city. We also weltomed new team members to Sparks Indudini Marieta Stanoveva. Megan 8uxtM and dutv mana8ers jeS￿ca de Layts, Elllot Grant. D(Yi-Jo BlatL Matthew Dommett and Jenny Brock Harrison. Looklng back at 2023 Moklno Spark5 Fly.. In our last annual Impact report. we were able to announce our latest venture. Sparks Bristol, which emerged as a response to the closure of a much loved Iconic post-waf Ewilding in the central shopping a￿a of Broadmead.

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 Working with Hammond A5sociate5. Art5pace Lifespace explored the opportunity to take on the challenge of reJuvenarin8 the forn￿r department store inio a thriving community hub. Supported by Bristol City Council, Artspace Lifespace was introduced to Global Goals Centre, an educational charity promotin8 climate and equality awareness. Artspace Llfespace and Global Goals Centre co-created a shared vision for 'Sparks' la name devised by trustee Dou8 ' Francis and our Venues Manager Jo Kimberl and forged a partnership with a shared mission a collaborative effort to creatively address the climate. ecolo8ical, and cost of livin8 crises whlle reimagining the heart of the city for a greener, fairer and more creative future. We saw th15 massive empty four-storey department rtore, which created a Ilability whlle empty. as a unique opportunity to bring together organisations and indlviduals from across the city to pilot new way5 to CTeatively educate, connect and tackle the growing eco-anxietv. The building was certainly not without its challenges. When we first went to view the store It had only been closed a few months. In the time it took io sign the lease, the building was already experiencing numerous issues. The water and heating had been decommi55ioned and leaks had sprung UP throughout the l>uildin8. Projert partner Global Goals Centre ralsed £33k In sponsorshlp to transform the ground floor space, workin8 Wlth The Invisible Circus Creative Director Doug Francis and their team on a sustainable build using discarded office furniture, film sets, and theatrical scenes brln8lng back the 'Art' in the Department. The shared vlslon and collaboration a￿ what we feel makes Sparks $0 special. Over 50 or8anisations and irmlibryduals donated their time to Input into the vision of Sparks and the project received pro bono assistance from firms such as Arup. Hydrock, Terralupa. Bur8es Salmon, and Womble Bond Dickinson, and furnFture donations from CollectEco, makin8 , Sparks a unique community-drtven initiative. ¢￿er 120 ethical local traders, 30 charities. and 11 Community Champions joined force5, breathing life Into Spark5- the Department Store with a Difference. The vision for the buildln8 is to keep it In use by the cthnmunity rather than It standing empty and provide an eftvironment in which people can learn imaginative way5 10 live more 5UStainably. From fashion and food to nature and energy, each department 15 designed to support local people and visitors to take easy land often money-savingll actions on climate,. equality and wellbeing. The grwnd floor is centred around retail and education while the Department of Imaglnation on the upper floors is a hub for local artists, offering affordable sludios, rehearsal and performan￿ space.

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 We see Spark5 as a prloL experlmenting and demonstrating we can repurp05e our high streets for the 21st Century by providin8: Space for community, cultural activity and experiences. Adapting to changing lifestyle and values - retail focused on 5UStalnable, hl8h-quality produrts. More independent Shopping. Servlces and personal experience ihat you can't buy online. Support for a more distributive and regenerative economy. An inieresiin& individual identity for the high sireet. "I love thls place so Much. I wish It existed evefY4vhere" . Sparks Vlsltor It was important for us thai Sparks be a space for everyone. We are proud of what we have achleved to date. wlth minimal funding and look forward to developing It further now that we have been awarded more tlme to do $0 and hopefully making back our initial Snvesiment. Meanwhile bulldln8 projerts are always a rlsk and we conslder the communlty benefft '. opportunity in any new meanwhile project we agreed to take on. I call Sparks our"Go Hard . or Go Home" project. It was a risk for our charity both reputatlonally and financially and our team worked tirelessly throu8hout the year. We've already seen a strong s*xlal return on our Investrnent. and I have been InspSred by the connection5 and partnerships developed at Sparks. and the potential for independent organisations lo drive the revitalisation of the high street and sustainable redevelopment of Broadmead. The Sparks project showcases the potential for independent or8anisations to revitalise high streets and contribute to the 5UStainable redevelopment of urban space5. As the lease term has now been extended to December 2025. Sparks is commrtted to continuous improvement, maklng it an even more accessible and welcoming oasis in the clty ¢entre. Thls Innovaiive project is noi lust 3 retail space.. it's a testament to the power of communfty-driven fevitalizauon. breathing new life Into for8otten urban landscapes. "Each area has its own department, and there's a strong message of reuse and recycle throughout. It's very Bristol. I personally ihought It was a gfeat use of an empty buildin& il looks fab." Giz Milford

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 The Isl•nd ts ISI From the intricote myceliol networks beneoth ourfeet emerge the reslllent mushrooms. ' enrichin9 rhe soil with vitolity. Within thi5fertile soil, seeds olpossibility take rooz, usherinq forth new growth ond endless potentiol. SO much ol what Artspace Llfespace has achieved over the past 10 years Is on the back of the work at The 151and. People often ask me about the succe55 of the Art5p3￿ model, but it Is down to the creativlty of Bristol's circus community, and their sweat, blood and lears that The Island exist5. The nème Artspace Lifespace come5 from the fact that artlst5 lived and breathed these art space5. The Island was not just a Space for making art. it was where artists Ilved, shared meals. Now artists are being pushed oui ol the city, both due to the cost of studio space but also the hSgh c05t of livlng he￿. ￿er 15% of our studio holder5 5ald they were considerln8 glving up their studio as a result of the cost-of-livinE increases with IO% saying ihey had consldefed movlng overseas. Only 20% of Lwf Studio holders sald they made 9(klOO% of their Income from workin8 as an artlst. Ironlcally the Invisible Circus who left the CID buildln8 to pursue security of tenure are now loslng their home at Unit 15 at some time in 2024. It was bittefsweet to attend their 2023 'Welcome to the Future, and spaces we hi8hli8hted as lost to Bristol at our 2019 Futurville exhibition were incorporated into the 'Cultural Graveyard. Sadly, one of the organisations who supported our FuluNille event. Bristol Ideas Is alw one of the organisations now lost to Bristol after 2024. The151and fee15 more and more Ilke an Island as development sprlngs up around us. Student accommodation 15 planned for Nelson Street and Rupert Street car park. We were sad to learn ol the loss of neafby Pithay Studios. Large developrnents are springin8 up auoss the ' city and taklng a risk on Sparks 15 part of our mission to be more outward faclng and demonstrate the need to retain cultural space5 in Bristol. The full Impact of our 222% rent increase Is now in force and it has been financially Challenglng and the 151and is no longer a self.sustaining projert. The cost of our rent per . annum 15 now just 37% less than the amount The Invisible Circus were asked if they wanted to buy the CID building for (now the Bristol Win& owned by the YMCA). In happier news for development, The Courts. owned by Creative Youth Network and part of Bfidewell Island Is due to open in June 2024 and will provide meetin8 room¥ shared workspaces, rented offices, and a dedicated rehearsallperfomiance space.

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 Our 2023 Open Studios celebrated 15 years at The Island- guite the achievement for a projert that started wilh a promise of 6 months. We hope to still be at The Island for our 21>year celebration by which time The Courts will be open ènd we can show off the whole of the creative 'lsland' we helped create on Nelson Stfeet. Arts Manslon While we never dKI hear why The Prince's Foundation withdrew their interest in Ashton Court, the now King may have had more pressing tasks than concernlng himself with Bristol's much loved but dilapidated architectural mon8rel of a manor house. And so, In May 2023 we si8ned another meanwhile lease with Bristol City Council. The Friends ofAshton Court Mansion whlch we set up In 2018 now runs independently from Artspace knfespace continue to run public open days 3 times a year alongside informative bulldlng tours of the derelict lirst floor. Bristol Clvic Society outgoin8 chair Slmon Blrch continues to campaign for a lon8-term future at Ashton Court. Until then, Artsp3ce Lifespace continues to operate the mansion as an affordable arts space as well as opening up the mansion as an affordable venue for weddings and wakes for those workin8 in the arts. Th• Vertlbul•s The Vestibules thrived as a residency space In 2023 and enabled events such as providing space for Interlaced Narratives.. Weavin8 Tales Through Textiles, showcasing work by women with dlsabilities and those with conditions like cancer and mental health dlfficultle5 and providin8 free consultancy to artist Dan Petley. who used the Park Street Vestibule a5 a reciprocal live workspace. inviting visilors to bring found objects to be made Into sculptural jewellery pieces. The Vesiibules is also home to the UK'S first Al)original owned Ballery supportin8 and celebrating emeryin8 and established artists with seasonal exhibitions. While re5idencSes thrrved at The Vestibules In 2023, the number of commefclal hlres was down on pre-pandemic levels due io numerous fattors induding an increase in out of hours securFtY Costs. meanln8 evening and weekend use was completely unviable and a rise in the cost of Ilving impacting artists. 10

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 The Vestibules was a project supported by the Mayor's team and so its future beyond 2024 Current￿ remalns uncertain. 8foadffl¢adXP , We want to create Cultural Spaces that are welcomin8 and inclusive for all ages and break down class barriers In the arts. In 2023 we took on a Unit in ihe Gallerles Bristol working in partnership with Keep Art It who have created a new CIC 'Art I Art5pace knfespace and Keep Art It works together with One Green Kitchen to provide an art club for Chinese old and new migrants who meet every Tuesday to create art logether. The group provides a welcome space and helps combat loneline55 as well as providin8 a space to share art and creatlvity with other5. Artspace Ufespace derlved from the Clrcus and we celebrate all fornis of culture - Includlng cultural activities that conventional art organisations may see as lowbrow such as gaming. Playback Arcade provides affordable space for retro 8amin8 With Hoard provldin8 D&D sessions, including sessions lor neurfrdiverse and home-schooled kids. Artspace Ulesp•ce Resldency Space Our Artspace Resi Space pro8ramme enables Creatives free space to make and develop work In progress. In 2023 we sUPPOrted 14 creatives in total across our venues the provision of free space or support. "Artspace Lrfespace wenl out of thelr way to find time to 5UPPOrt our project. They Provided a lar8e and beautiful space. free of cost. that was inte8ral to LHJr rehearsal process." Truly Si5kind-Weiss Wfth th•nks to (￿r Fundws & Supportws Indudl The Nisbet Trust for enabling US to complete our planned ventilatitin In our Dance stud￿ at The Island in 2023. The £36k awarded was speni in 2023. Bristol City Council Vacant Commercial Property Grant- £7.5LTh) towanls the costs of Sparks granted In March 2023 with payment recelved in Febnjary 2024. Arts Council England - £49,983 iowards the costs of Sparks Brisiol. 11

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 Postcode Lotttry Fund- £20.631 frorn the Postcode I￿1 trust towards core .organisaiion costs. Bristol City Council Imagination fundin8 which came to an end in 2023 after being enended in 2022-2023 for one year. Our Partners Global Goals Centre and the or8anSsatlons ihai provlded them wlth fundlng for . our ground floor build at SpaTks And thank you to those of you who made donations to Artspace Ltfe5pace In 2022123. ProBono support: Profe551onal 5UPPOrt via Power to Change and Heritage Compass Cause 4 Programme. Professlonal support from Future8round Womble Bond Dickinson. Burges Salmon, Gleeds, Alec French Afchttects and Hydrock who are supporting the SPARKS Bristol project by provldin8 pro-bono advlce and CollertEco for supportln8 US through furniture donations. Estimated Value of Support In Klnd Fulure8round; £5.000 for pro-borK> evaluation work with UWE lor Sparks Bristol ' Womble Bond Dickinson £1.8LXI for al support on Sparks Bristol and 8roadmeadXP Buryes Salmon £1,300 for legal Supp￿ and free venue hlre Gleeds: £SCM) for professional advisory support for Spa￿5 Bristol Alec French Archltects: £2,OCK> for professlonal att¥lsory support and pro-bono work on Sparks 8ristol Hvdrock.. £2.1JJ) for professional advisory suppoff on Sparks 8ristol Collecteco: £5,(XX) for the donation of furniture and other matefials to Spa￿5 Bristol. Volunteers.. With thanks also tothe volunteers who supported our Open Day atThe Island and support our work at Sparks. 12

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 FINANCIAL REVIEW Our financial 5tatement5 for the year ending 2023 demonstrate an ambitlOU5 all￿ation of resources towards our mission-driven activities. Despite the challenges posed by the . economic downtum, increased staff costs, premisesexpenses, and governance costs, we have managed our funds effectively. This has enabled us to take on new projects and maintain rent levels at the Island at rates studio holders indicated were the maximum they could afford. Income and Ovefheads (hervlew: Our total income from grants was E59.631. down from £75.155 in the previous financial year, representin8 a decrease of approximately 21%. ' Whlle our total earned Income Increased by 26% compared to the prevlous flnancial year. our total costs increased by 53% kavin8 a deficit at the year end of £67,411 compared to a surplus of £22,817 in the prior year. Losses at the Island exceeded £17.000. not Including the £12,200 contribution to the charfrty's Core cost5 Iwhi¢h include the company manager salarvi Insurance. IT costs. audlt and accountanry fees. etc.). Increase In Overheads: Staff Costs.. up 58% Premise5 Costs: up 114% Office Costs- up IIVA Governance Costs: down by 8% 'We follow the NJC rates for our PAYE staff and the Real National Living Wage for self- employed duty managers. An increase of El.925 was made on all NJC pay points l and abové due to the cost of Ir4in8 crfsis. New Projects and Strategic Investments.- In November 2022. we signed a lease on a new project. Sparks Bristol. The ambition was to run Sparks as a pilot initiative for at least six months and retain a retum on our investment Due to Unfo￿Seen building issues. this deadline has been extended, but we anticipate recouping the majority of our investment in Sparks by year end 2024. making it a self- , sustaining projett. Additionally, we took on a new projecL 8roadmeadXP. in March 2023. Our investment In a wlde portfolio of rneanwhile spaces foms part of our strate8V to provide 'and maintain a diverse portfolio of qualrty faolitie5. 13

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 Reserves and Future Planning: With the temporary nature of our projerts, our stron8 reserves position has been Instrumental in giviry us the confidence to plan and undertake new projerts. We will continue to remain vl8ilant in managiry risks and plannin8 for the future. ,We extend our deepest gratitude to all our donors. partners. and supporters for your continued commitment to helplnz ueate space for Cfeatives to make. develop, sell and ' showcase their work. Fall Pay CEOS in the UK'5 top 100 companies now earn on average 386 limes that ol a worker earning the National Loving Wage. Since 2017. we have been working toward5 decreasing the 8ap in pay between the lowest and the hl8he51.pald members of staff ond our pay policy 5tlpulates that no member of staff can earn more than three tlme$1150%1 that of another. In 2023 the dlfference between the highest and lowest paid member of staff wa$ 35Y , Staff pay Is revlewed annually in January In line with any NJC Pay Increases, staff on the lowest pay scales earn the Real Livin8 Wage if thai is his￿r than the NJC rates and In addltion to payln8 the Real Livin8 Wage allowance, part-tirne ad-hoc staff who choose to ' stay on a 5elf.employed contract ore a150 paid an uplift of 12.OPA (ln Ileu of holiday pavl. PAYE staff can also choose to enrol on a Health cash plan PaKI for by Artspace Lifespace. Res•r¥es pollcy Our review of the level of reserves forms Part of our annual budBetlne and forecasting process, where we forecast our anticipated income and expenditure for the year ahead. We . also take into consideration the reliability of each source of income and any future needs where future Income alone is Itkely to fall short of the amount of the antitipated costs. We have fornially earrnarked aosing Out Costs (Staff Redundancies. Studio Holder Deposits, Accountanry Fee5. Le831 Fees. Move out costs) as designated funds. Funds at the year end are represented as follows: Total funds at year end £186,030 Restricted fund at year end £14,614 Deslgnated funds ai year end £104,104 Remaining 8eneral funds to be used for any purpose of the charity £67.312 14

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 The anticipated level of resen￿5 based on 3 months operating costs equates to £134,897. ' General fund at the yearend of £67,312 is below the anticipoted amount. This is mainly as result of the Board of Trustees a8reein8 to use £50,(MXI reserved to repay our 8ounce back ' loan to fund the start up of Sparks Bristol). We will use incwne generated from Sparks Bristol to bulld back our reserves. In addition to this should the general reserves fall below I month's of operalin8 expenses, the trustee board would be notified. and a review will be undertaken to discuss whether anv further aciion 1$ required. Goln8 ¢WK•rn Todate. Artspace Lrfespace has operated on an Income funded model. We operate from qulte dlfficult buildings through a Teduced rent or free rent basis and the Income we generate from hlres and lettln8 studlo spaces provldes us wlth an Incm. . We receive fundln8 for carryin8 Cxrt spedfic artivllies to enhance our arts offer but not for operational costs. The Island made financlal 1055es in the year end 2023 and we anticipate further financial losses in 2024. Fundraising efforts to brin8 in core lunding for the Island were unsuccessful. We invested re5erve5 from our ljounce back loan to create Sparks Br15tol In 2024 which we hope to see a return from by year end 2024. The temporary nature of our buildings combined with the need io compete for grant fundin8 for operational fund5 movin8 forward are of concern to the charity and we will continue to work towards maintainin8 financial resilience and securlty of tenure movin8 forward includlng usln8 some of our reserves to brlng in a professional fundraiser. ' While we successfully malntained our operations and achieved significant programmati ' outcomes, il is clear that 10 5U5tain and enhance our impact. we need to secure more robust core funding now that the Island no longer makes a surplus. Core fvnding will provlde us with , the financial stability needed to cover ongoing operational expenses. maintain and improve our Infrastructure. support staff development, and ensure compliance with regulatory requirement5. Wlth adequate core fundin& we can invest in capacity-building initiative5 that enhance our ability to deliver servi¢e5, innovate and respond to emerging needs in our . community and support our long-term 5U5tainabilrty and growth. 15

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 STRucfuRE. GOVERNANCE AND MANAGEMENT The trustees only use Income or capital to benefit charities or purposes that are recognised ' as being in line with our charitable objectives including arts and cultural activities, protection or rejuvenation of difficult and historic buildin85, creatin8 8reater Inclusion. Improvin8 our environmental Impact and advocating for arts. culture and heritage in Bristol and beyond. Governln8 d¢xument The Charity 15 a charitable Incorpofated or8anSsatlon, re8iStered on 11 July, 2016. Its charitable objects are to promote art for the benefit of the public by the establishment and maintenance of facilities for artists from a variety of artistic prartices to create works, to .collaborate, and to present and perf¢ym ihose works for the publlc. Governance & recrultment of Tn￿tee5 ' We carry out an open recruitment process with trustee recrultment adverts on our website, , social media and ihrou8h siies s￿h Voscur. We invite trustee5 to meet with our company manager before 5ubmittin8 an application to our trustees and to ob5erye the board for a minimum of two full board rneetin85 before they are elected on the board. Our declsions as a 8oard are led by the team. We schedule team member meetlngs every 3 months. This is an opportunity to talk thrO￿h what's been happenin8 over the last 3 months with a member of the board attendin8 to find out what went well. what's not gone so well, what staff needs support with, and set goals for the next 3 months. The output from the team meetin8s is then fed into decisions made at Board Meetin85. The Board of Trustees now meets between 4-6tlmes a year with group chat and Indivldual support '. as needed. The Company Manager Is supported by monthly lunchtime catch-ups with the ' designated chair. The role of the chalr Is reviewed and rotated amon8 the board every three months. Statement of Trustws. responslbllltles The Tru5tee5 are responsible fcy preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounling 5tandard5 Including Financial Reporting Standard 102- The Financial fteporting Standard applicable ir¥ the UK and Republic of Ireland Iuniled Kingdom Generally Accepted Accounting Practice). 16

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 The law applicable to charities in England & Wales requires the tNstees to prepare financial siatements for each financial year which 8ive a true and fair view of the stale of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to. • select suitable accountin8 policies and then apply them consistentlv,- observe the methods and principbes in the Charities SORP.. make iud8ments and accountin8 estimates that are reasonable and prudent,. state whether applicable UK Accountin8 Standards have been followed, subjert to any material departures disclosed and explained in the financial statements,. and prepare ihe financial ststements on the 80in8 concern basls unless it Is inappropriate to presume that the charlty wlll contlnue Sn buslnes The Trustees are responsible for keeping suffKient accounting record5 thai disclose wlth reasonable accuracy at any time the financial position ol the charity and enable them to ensure that the financial statements comply with the Charitie5 Act 2011, the Charity ' (Accounts and Reports) Re8ulalion$ 2008 and the provisions ol the trust deedlconslilution, They are a150 responsible for 53fe8uardin8 the a55ets of the charity and hence for takin8 reasonable steps for the prevention and detectlon of fraud and other irregularities. Jun 27 2024 Approved by the Trustees on .,.......-....---. $18ned by order of the Twstees Melissa 81ackburn, Trustee Artspace Lifespace 17

ARTSPACE LIFESPACE INDEPENDENT EXAMINER'S REPORT YEAR ENDED 30 SEPTEMBER 2023 Independent examlnerfs report to the Tntstees of Artspace ilfespKe I report to the trustees on my examination of the accounts ofArtspace Lifespace Ithe Charityl for the year ended 30 September 2022. Responsibilittes and basis of report As the charity trustees of the Chafitv vou are responsible for the preparation of the accounts in accordance with ihe requlrements of ihe Charities Aci 20111'the Act'l. I report in respert of my examination of the Charivs accounts carried out under sertion 145 of the 2011 Art and in carrylng out my examination I have followed all the applicable Directions given by the Charity ComMiss￿n under sects'on 1495Mbl of the Act. Independent examlnerfs statement Since the CharitV$ 8ross income exceeded £250.OC#) your examiner must be ? member of body 115ted in Section 145 of the 2011 Art. I confirm that l am qualified to undertake the exarnination beeau5e l am a member ofthe Institute ofchartered Attountant5 in England and Wales. which Is one of the listed bodies. I have completed my examination. I confimi that no materlal matters have come to my attentlon In connection wlth the exèmlnation 8ivln8 me cause to believe that In any material respert: accountln8 ￿cOrdS were not kept in respert of the Charity as required by 5ectlon 130 of the Acr; Of the accounts do not accord with those fecords. or the accounts do not comply with the appllcable requlrernents concernlng the forni nd content of accounts Set out In the Charities {Account5 and Reports) RegulatÉons 21J)8 other than any requirefmnt that the accounts give a 'tfue and fair view which is not a matter considered as part of an irHJependent examinatlon. 18

ARTSPACE LIFESPACE INDEPENDENT EXAMINER'S REPORT YEAR ENDED 30 SEPTEMBER 2023 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 feached. Joshua Kln8Ston Bsc ACA Burton Sweet Limited, Chartered Accountants The Clock Tower , 5 Farleigh Court Old Weston Road Flax Bourton Bristol B548 IUR Oate.. Jun 27 2024 19

ARTSPACE LIFESPACE STATEMENT OF FINANCIAL ACTivmES (INCLUDING INCOME AND EXPENDITURE ACCOUNTI YEAR EhlDED 30 SEPTEMBER 2023 UnMtrI¢￿ R￿1￿¢t•d Tot41 Funds Tot•1 Funds Fund& Fund• 2023 2022 Mot• IR951aledl 79.331 .766 9.496 182 Donabons l￿fi 49.WXI 387.￿) 31492 387. 415 T•ui h*•m• 32.492 ￿178 Exp•ndltur• t￿. Raldng lund8 9.315 343.643 19.878 519.911 19.678 352.958 N•1 Incom•ll•xp•ndlknl 180,2251 12.814 167.4111 22,817 I34.2￿)> N•1 mo¥•m•Dt kn fvnd• 146.0251 121.3861 ie7.4111 22.817 Tol•l fvnd$ 411 O¢tobw 14 217.441 rxKI 253.441 2>).624 rotsl fvnd• at xi 8•pt•mb•r 14 171.416 14.014 186.030 25J.441

ARTSPACE LIFESPACE BALANCE SHEEr AS AT 30 SEwfEMBER 2023 IR¢stai￿} 7.073 T#yble assels Invo9tm)ts gA43 7.871 122 83.5fKI 234.99J 298.612 25 26.293 30e.oii 334.329 DoblC#S Cash at ￿nk In hMd 11 12 186.4751 147.6491 N•1 ¢urYw W•¢• 212.197 Cr•dltorn . •mouni f*lllng d 136.0111 141.1lJl N•1 186.0 253.441 Funds UnrgstFIEi•d fiThl1 Ro$lrf¢iod luTh Is 171.416 217.441 s6.0￿) 253.441 27 2024 .. And w• SY￿d on Ihthr behdf by.. Th• nots4 •n p•y 22 to 30 ftffii pw¢ olthM• finwKl•l $ta¢•m• 21

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 l AccO￿lIng polkl •) rh8 finand• sla¢em8rts hove Wn ￿p￿ed the hbtorlr4 c(1 lexcept w AcctrJniKwJ and R•portlf¥ by chari￿ pr•panNJ th•fj'rctAmts th• Reporti￿￿ Si￿d￿￿ icllble in tha UK RewblK ol IrelJryJ IFRS 1021 in C¥iober 2019. and Ihe FwwKial Report Siar•Jwd 4ppIKable In Ihe R•pth ol It•￿ IFRS 1tr21. tho Ad 2011. n (fina￿•81 $letw1￿1$> N4Vt boen Frfepawl lo and Iw. 8rvJ ha¥e ¢J8p8rtod frrmn the Chariikn Ikcwnls arxl ROF￿5> RewlBDMS XQ8 to tho ¢xt￿l r•qutr•J to provJ• & and la Th i¢abkn to ch8nlM prepwry IhN In KcorrlarKt Ih? Fwwnciul ￿p￿.Calle in th UK 8r¥J Ropubk ol Irel￿d IFRS 1021 c￿0b8￿ 2019 f•thHr th Re￿ry by bl In¥•slmenls valued 81 w81 6$ lty ¥iwwM￿t. ¢1 F￿ed assets are at c£t ID85 a¢￿￿￿￿alS AJs•ta tsxllry than £1.QX ar• ncl capknls• DepreualKJn ￿ C￿CuS￿l so as to off Iho coll ol ￿ 8Mel. less ts estrnaled residuas ov8r Ill• cIIP4qt as••1 a8 kl¢M%. •> Cre(lito wll pmbo￿Y rEsuK In thr translw ol to • pth1y rrtl kn wnc4mldu• kn ¥eits the can b asured or esbrnbl•J rn¢iatty Crnthlors pro¥wK>na ¥• I￿NY r•J>wod #i thr solllam8ni amcwnt •ftar n Cash w tjank & rrthths or less from the d8te d acquty￿ ￿ cyrMr¥J ol ts deposrt c¥ S￿•r Kcf• defe￿ed until Ihre [￿￿)￿5,. the inctyY Is delerred unthl Ihe h8ve been rn￿. h) fyants 8r• in m th• St•tÉm￿t ol Fin￿ A¢Dv•gfj tre th•y r•cvabWpayabkn.

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 l AccO￿lIng polkl•a Iconlln￿dl by the donw or lur#Y• we rarnad part￿L￿r rsth"cled purwJse•. Ey48rKliture eWanaWon oflho natswq ￿ wry>x• ote&h luThl kn th• the finantsd Sla￿ents. Unrn•trkl•d R••trkl•d Fund• Fund• Tot•1 Fund• 2023 Don•1p￿S 742 4.419 17.61x1 27.139 742 4.419 17.000 69.631 Don•)￿8 In kiNI 32.492 49.￿ 32.492 82.39 Unm•t￿l•d R•#1￿1•d Tot•1 Fund Fun 2022 R•stsiedl 2.626 1.550 75.155 2.626 Donal￿5 kn kw¥J 39.155 41331 79.331 Bristc4 city CourK4 Arts Coundl HMRC 14.008 24.992 13.017 21.871 2.667 39.OCK> 37.555 DonaM kn knnd 10 É17,ffQ RO22: £1.59)) rnl sèr¥W ￿ r•Érd ol Ihè 23

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 2923 Ruom Slucwj Hir• Spac• M•rnb￿.p 141.482 232.015 11813 sr) 141.482 232.015 13.813 570 387.ewj 38T.880 Unr•¥ttht•d RMtrlct•d Totsl Fund• Fun(l• 2022 Room Trlrfi slud￿ Hir• Spxfj Evwts 138270 122245 138.270 122.245 13.903 12.348 12.348 24

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 Unr••trkt•d R••trlct•d Tot•1 Fu FUNIS Fund¥ 2023 Dlr•ct eo•i• costs Events expnditmi DonalbJn5 to rKqect¥ support e4Xt4 1785 31.445 6.266 38.230 38230 171.676 17.995 1.67S 87. 29.101 171.676 18.536 2,174 87.ego 29.101 .088 64.023 1.473 AdvthLEtra 541 Roni and Prnmis•s ￿e￿ing (rntj Heal. and walw tilen￿ce Costs DepreLY8bon Bad ¢Jebts 1Th3urar 48.558 1.473 1&467 T.078 18213 I,n7 7.078 18.213 1,727 F+n8nca costs Go¥Wn•￿• co•14 2.419 2.419 Tw618e exFonse& 3.188 3.108 519.K 19.678 5J9.58ts Totsl Fund• 20 FundB Dlrncf eo•ts Slaff cos Evènts ex￿n￿ Donatths lo rKqects Support co•ts SupprKI siaff c￿ Adnwistro￿) Matheting Renl r•te¥ Pr•mis•$ dwlro H8ai. I￿1 and ¥¥4￿1 1250 7.132 14.520 1,250 I￿.999 8.462 1.821 109.776 13.625 35.126 .809 1.389 462 1.82) 109.776 13.625 35.126 ad ¢hbts Insur8 PrDfe58iDn& I￿¥ Finance costs 5.559 1.576 1.374 5.559 1.576 1.374 Arrnuntancy Tnntee •xw3• Irrtloperthsl e¥arntr# l•eg 3.047 3,047 355 2.790 342.393 343.643

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 S N•1 I￿Om￿l I•M￿ndIt￿•) for th• TN• kn •l•tsd •ft•r ¢hwglng' 2023 2022 Dépr•&ahon 1.473 17(X) 1,389 2.010 11801 . yaar 1 12022.. 11 TruM' r• r•knAn•d •xpww ￿l￿g lo £7912022,. £1171 rnl•ikw ¥J mèow. Ira¥d and 1 8¢•11 ¢o•ts •nd nwnb•rn ZtrZ3 2022 141.125 3.978 2,785 61.380 87.549 bottal ¥oawily eolls 1.578 47.420 ContrBded 137.351 2023 2022 19 14 Irusl•tt ¢¢n8#lw k•y 10 b• Ih•tM4v•s. lh• Ctrfnpany Miag•r th• l¢ C¢ntyo ￿￿&r. [￿ftn9 lh& ￿r. tmy rtCeP4ed fl￿ rs)mUrr4￿I of £87203120rL.. £9).4971. DunThJ I￿ yw l truslge 1<8ra de b88 I1•￿8 r•rfv•d In Ihg y•w of£27012022'. £87BI for 44r¥k to by In• Tno1098. 7 T•xlon

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 • Fwid ¢omp•rAllbY 2022 IRe81atedl IR•¥iaied 43.331 286.766 9.496 IRest4thdl 79.331 286.766 9.496 182 GrBn¢5 tJLmlk Chorilthe actsth$ Tol•l Incom 339.775 3T5.775 EJ¢p•ndStUf• on.. Fut￿¢•r￿j Chori1¢ 9.315 2.393 9.315 343.643 T)t•l 352.9Sry N•f In¢om8ll•xp•nthlurnl 111.9331 34.750 22.817 142 112,0751 34.892 22.817 Tèial lund• at l 0th)bw 2021 229.516 2>J.824 T•l•l fvndi •¢ )0 8•p¢•rnbv 2￿3 217.441 253.441 • T•r4lW• Il¥•d Equlwmnl Tot1 C¢t Ai i Ocl(thf 2022 ArJ(hthJi6 17.105 3,443 17.705 3.443 Al J) SgMomb•r2023 20.$48 20.548 DePr￿laN0￿ Al 1 Oclob•r 2tr22 Ch•rye k¥ lh• > 9.232 1.473 1.473 130 SeOwTthr 2tr1J 10.705 10.105 N•¢ l)ook ¥•1 Ai Xl SoM*Yknr2023 9.843 AI 30 SeWmbgr2tr22 7.873 7.873

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 10 2023 SUL Artsw Errt•rms linmled li Ih• DI ¢kn'lalA• Y￿P)r•Ied t￿rfng I￿ wr. Ihè profil aft8r an￿)￿￿ 10 £12.84212022.' pmfft 01 £13.5541 ilh rnia+n•d r•sorvo8 £12.84212022.' £4.4191. 11 D•blty• 2023 2022 17.7e8 14,858 139 11.498 Pr•pa￿•fits and •cuu•d Irwn• r dol)t 63.S80 26.293 12 CY•¢Nt•N: amounts lllny du• ¢x* >• 2033 2022 Bank lofjn 5.556 10.437 1.592 9.114 24.876 2.510

JA35 (￿￿r rxedJt(MB ee.475 47.049 2023 Bank kn•n XO11 41.113 30.011 41.113

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 14 knm•nt In lund• A110 2032 IncoTh Exp•ndlbJrn Trnn•fvrn At 30 5•p IQ23 G•noral funds D8wal8d hJThJJ Cb•ng tyjl ts•w• 217.441 439.686 1519.9111 (89.9041 87.312 48.370 55.734 48.370 55.734 217.441 439.￿ 34.2￿) 519.911 177.416 R•stslct•d fiw Arts Co￿￿1 Bnstc4 Cty Istr￿ En£dxl NLtht TrAt 24.892 111.8921 I7.f￿} 13.100 1.514 138.0fy)I 32.4W2 ￿19678 34.21K) 14.014 Total fvnd• 253.441 472.178 539.589 186.030 A110ct 2021 Exwndltsx• TTrn•¢•r• At ￿ S•p ZO R85tatsdl 217.441 Gp.nerJl funds D•sw•t•d lun C¢ty C¢)￿1 217.213 .013 1329.3711 12. 12U3n 272 229.516 142 R•slrfct•d fund• Lottèry fund FnDTrJs ol Ashton C¢A 31 (1421 1219 1311 142 112191 Nlstd Ti￿t 3e.000 Tolal lund• 2JO. 253.441 Bw Lottfjry fwvj. lunthrYJ kn¥wds WA1 r¥•fts lth dl••bltm Ihw rAr•rn Arts Coundl. furK18 r$c￿¥￿a t04ards $￿ks twg for ts & hdp

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 14 w0￿rnant In fvnds l¢Mtknwdl $uNey and FYc4¢d mwJw c)th. Dwlgn•ffidfund• Brlsial Clly Coundl. fuThl$ ￿•￿•d iowwJ8 CLl8 OIIM ITh￿￿0 Cttcus a)d ¢)Ihw rArJJocI cosis. tho ￿￿1g￿lled lund Trylbl• In¥•Jlffl•rt• Flx•d ••Mts N•¢ ••s•ts Tot•1 Gen•ral 9A43 57.468 104,101 14.614 67.312 104.104 14.614 9,843 176.1 186.0 Tvrfilbl• Tot•1 Unrwtrl¢t•d fvnd• G8n8ral fund• R•¥trfGt•d fund• IRealedl 217.441 36.000 7.8n 209.567 7.873 245.567 11 R•l•¢•d p•rll•• Jtsp•¢• Llfo•p¢• En￿1￿1•• Limii•d Twgtees JS Frand5 and WA PenhaA a￿ (My• cl LIeSp￿ Llnknd, a Wholty-o%w￿a subsKSwi of the ¢YWty. ITh the yBar eFthd 30 Sepkmbtr I￿. Artwx Lrfeswx Lifi>ted p8•Y £14.07e221Th.. £8.2011 Ip Artspaco Lrfwpa¢•. £2.X612022. £11.4￿> as th• diaThtyat Th In¥l•lbl• Clr¢u• CIC Artsw Lrf8spac• durirg ￿.

ARTSPACE LIFESPACE FINANCIAL STATEMENTS 30 SEPTEMBER 2023 Charlty Number 1168150

ARTSPACE LIFESPACE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 Contents Pages Relerence & Adminlstraliva Inf(xrnalion Report of the Trustees 2.17 Independent ExarriThfs RekX)rt 18-19 Ststemenl ol Flnanclal Acllvltlos 20 B81anc* Sheet 21 Notes fofmirvJ part of the financial statements 22-30

ARTSPACE LIFESPACE REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 30 SEPTEMBER 2023 Anlhony Ellh?tt Kara de los Reyè8 Jam8s Francis Slew Choo Clarissa Chirg (Clarissa Joakwyl (Treagjrerl Wim Penhaul Perislera Siefanou lappoknted Agril 2023> Melissa Blackbum (appointed December 2022) Richard lryine (appo￿1￿d t)e¢ember 2022} Prlnclpal Offic• The I￿and Nelson Stwl Bristol BS1 28E Indopendent Examlner Joshua Kingslon Bsc ACA Burton Sweet Limited Chartered Accountants The c1￿k Tower 5 Fart8￿h Court Old Weslcn Road Flax Bourton Brfstol BS48 1 UR Bank•rn HSBC Contscts The Island Nelson Stre•t Bristol BS1 28E Telephone 0117 376 3457 Emal.. inlo@artspac•.uk W8b.' http8.'llartwc•.ukJ

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 OBJEcfivES AND ACflWnES Artspace Lifespace's charitable objects are to promote art for the benefit of the public by the establishment and maintenance of facilities for artists from a vafiety of artistic prartices to create works, to collaborate, and to present and perform these works for the public. Artspace ￿fe$paCe'S current Mission statement is Providing Access. Space. Lo8iStlcs and Support for a vlbrant creative community in Bristol and beyond. To accomplish thi5, Ihe charity aim5 to provide resources and facilitie5 that enable SUStainable. creative communities. We do this through acquisition. provision and maintenance of a diverse portfollo of quality facllltie5; where artist5 can make, collaborate and present works and where communities access affordable arts Wlthin their locality. In order to achieve thls. we repurpose underutllised art spaces for independent artists to experiment, develop, and thrive on both a meanwhile and longer term basis. We Secure interestin8. unusual and often difficult buildings in which we build workshops. studlo spaces, office5, 8allerle5, cafés, independent retall, performance and training facilities. Our 8rassr0015 approach creates independent friendly and supportive art spaces where ' anyone can unleash their creativity. We act as a broker between property owners, creativles and communities and also offer support and advice sep4ices to artists and communlty on how to deliver iheir own projects nationally. We PfCNide a support network lor artlsts. hold open studios annually as well as a year.round pro8r3mme of events and exhibitions across our venues. Artspace also advocates for the adaptive reuse of buildings and works on developin8 policies, piocedures and administratlve systems to create inclusive creative spaces. In shaplng our objectives for the year and plannlng our actfvltles, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit- running a charity IPB21' We endeèvour to encourage all within our community to take part in our activitie5 and seek to broaden access to culture throu8h our actlvities.

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 ACHIEVEMENTS AND PERFORMANCE The Island Is 15 We couldn't have imagined when we took on a licence to occupy that the Island would still be 15 years on. While it has become more challen8in8 due to rent increases from our landlord who are also a third sector organisation strugglin8 With cost increases and lack of funding, though the Island Is no longer to operate as a self.supported arts space, our healthy reserves enabled us to continue to operate in 2022-2023. During the pandemic. we had to reduce the number of dance st￿dentS allowed in our classes and also increased the amount of space between ctssses to enable the rooms to ventllate between classes. We worked with Hydrock and Ambisence to carry out a study on the air quality in the venue. Prior to the Ventilation improvements, The Dance Studio reported numerous and Irequent readln85 above 15(NJ ppm whlch indicated a poor alr quality. Since the work ha5 been done there has been only five. We used a £36,Ci)O grdnt Irom Nisbei Trust and pald the balance of the Involce due through ' a donation from our trading 5ub5idiary for the rernainder of the works. Predicting future pandemics wlth certainty is challengin& as they are Influenced by a combination of complex fartofs involving viru5e5, humèn behaviour. and global interconnectedness. Despite the knowledge gained during the pandemic that Ventilation stopped the spread of viruses, we did not find any grants we were eligible lof In the South West that would have supported the Smprovements we needed to make. We could not have carried out thls essentlal work without the support of the Nisbet Trust taking a fisk on Artspace ts'fespace carryiftg out this work, despite us not having a lon8 lease in the buildin& and the permission of our landlords enabllng us to carry out these improvements. While we are noticin8 a return to pre-pandemic levels in terms of dance class and student occupancy, bookin85 in our gallery space are down on pre-pandemlc level and with increased premises and staff cost5 a5 well a5 a reduced profit from our trading Subsidiary, core funding wlll need to be able lo support the151and moving fo￿ard. In 2022 we also look on an ambitious new project called Sparks Bristol workin8 in partnership with the Global Goals Centre. One of ihe visions for Sparks wa5 tor Spark5 to be a venue where all would feel invited. where they could have access to arts. 5UStainability education. The location of Sparks and opportunity to ulili5e the walkway as a thorou8hfare meant we had the opportunity to capture new audiences who may not otherwise engage with 'Culture'. The number of Visitofs between our open day on 131512023 and 3111212023 was 282.990 .' demonstratingthe importance of location. openness arKI accessibility when providin8 cultural spaces.

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 In 2023, along with many other events Sparks provided a base for The Invisible Circus's 'Weekends of Wonderf street perfomances, hosted free children's workshops and film ' screenings from Aardman Animations. Bristol Palestine Film Festival's 'Poetry On Palestine, event and a ICQ person dance masterclass held by Craig Revel Horwoodl 2.260 chlldren and youn8 people visited Sparks to learn about sustainability and repair skills with Global Goals Centre and ReFuse Dept run by Sustainable Hive and 1.315 people received energy advice. O¥•rvhw from Kathryn Chlswdl Jonw. Compary Man4er Nourishing network5 ond cultivating community. Arts funding has seen dramatic cut5 since 2010. Grant-ln-aid and lottery money to the art5 declined by E178 million between 2010 and 2023. Arts Council England's IACEI budget wa5 reduced by around 30% over the same period. Funding for performin8 and creative arts courses at English universities next year. which wlll further damage the UK'S cultural Industries. The cost of Ilvlng cri$15 has been a slru8gle boih with rlsin8 ¥￿Ises and costs but al￿ a stru88le for Our Studio holders With some studio holders considerin8 takin8 on second lor rhlrdl jobs. quitting their art prartice. leavin8 the city or even leaving the country. And yet. despite this bleak prospect. artists kept creating and dernand for affordable arts Studios contlnues lo oulstrip supply. The Novernber 2023 report Th art in . by management consultln8 firm McKlnsey and Company described the UK as a "cultural powerhouse" with a globally recognised arts sector and 91% of UK adults engaging with the arts in the previous 12 months. OveTall, DCMS estlmates that GVA18r05s value added) by the creailve industries In 2022 was £126bn112% hi8her in real terms than in 20191 up from £115.9bn GVA lor nearly 6% of the British economy, employing 2.3 million people in 20211 as well as coniributing greatly to the country's status intemationally. Neoliberalism has influenced the art5 in various way5 and the competitive conditions of the arts and fundin8 is isolating and unsustainable. Support for the arts doesn't have io be a . zero-sum game where one group gains at the expense of another.

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 A thriwn8 arts ec05y5tem benefrts everyone. Being Part of growlng communttie5 ha5 realPy helped empower us and supported us on our journey over the past year. All of our venues are collaborative efforts. The Art5 Mansion 15 PQS5ible thank5 to the 5UPPOrt of Bristol Clty Council Parks Team. The Vestibules due to the support of City Hall Workplace Support and Bristol City Council Arts and Development Team. The Island was made possible thanks to below market rent from Creative y￿th Network until 2021. 8roadmead XP is managed on our behalf of the brilliant Keep Art It & Art ICQ. We couldn't manage Sparks without our brilliant partners Global Goals Cenire and all the department leads and communitv champions. In last year'5 report we talked about how the culture sector could benefit frorn a mycorrhilal network and In 2023 our networks did indeed mushroom and flourish. In 2023 we achieved our aim of creating more rneetups between the artists who use our spaces and hosted three Artists Support Evenin85 at Sparks. We welcomed Ruby Sant to Share her expertise on funding. Rhyannon Hall helped art15t5 navigate the daunting realm of bud8eiin8 and lax returns. PR Company Plaster and fashlon PR expert Me8 Cox gave 3 talk on PR and Dlgltal marketin& It was restofative to Joln a funded ￿sIdentIal gathering organised by Platfonn Places tO8ethef With members of Power to Change's Community Business Panel as a space to build and deepen relatlonships wlth 20 other national cornmunlty assets leaders and share . challen8es and inspiration. NurturlnB and restorin8 these mycelial networks is important for maintaining the resilience and stability of these ecosystems In the face of chan8e. Alone, we are but single strands,, . logether, united withln our mycellal networks. we weave an underground tapestry of . strength, resilience, and connection, bound by the common threads. In 2022 we touched on how Collertive￿ there was a feeling of eMhau5tlon and feellng powerles5. While 2023 provided lots of inspiration, it brought with it many more challenges. There seems io be an expectation exasperated by the funding environment thai we constantly have to do more. promise more. or promise something different to be eligible for funding. Our team is deeply passionate about the work we do but prolonged and . unrelentin8 Stre55 tokes 115 toll and rnana8er burnout 15 one of our major challen8e5 In the year ahead.

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 While we remunerate our staff in Ilne with the National Joint Union Rates, our managers Sn particular. work longer hours than contracted. People working in the arts and third sector routinely Ko 'above and beyond, for the benefit of other5- often in the face of fvndin8 Cuts and policies and in the case of Artspace. uncertainty around our tenancies and managing dilapidated buildings that make our work harder than li needs io be. Our policy is now to pay all staff for their overtime. To entourage rnore 'rest' we 8ave our team leaders an extra day's holiday Ipro•ratedl In 2024. When all you do is work, you forget how to play and my ambition for 2024 is for our team to have more opportunities be inspired, resi and plav. We are used io rnanaglng wlth limlted resources. but as new priorltles continuously emerge alon8 With increased financial pressures. our dedicated team needs more sUPPOrt to be sustainable. Preventing burnoul among our team will require long.term, or8anisation- change bul is essential to provide the mental clèrity necessary for innovation and the necessary mental space to experiment and keep tsking the creative risk5 that Artspace Lifespace is recognised for. In 2023 we celebrated the creatlvlty and perseverance of the arts communlty and the ￿tal role of collective action in overcoming obstacles and achievin8 shared goals. Looking ahead, Artspace tifespace is committed to fosterin8 a cultufe of well-bein8 and inspiration, . ensurlng that our team members have the support and resources they need to continue makin8 meanin8ful contributions lo the arts landscape. Staff ch•nees In 2022-2023 our ieam quickly grew when we look on Sparks Bristol. We were joined by lohft Hosken ' as Building Manager who took on the challenge of settin8 UP this new art space in the city. We also weltomed new team members to Sparks Indudini Marieta Stanoveva. Megan 8uxtM and dutv mana8ers jeS￿ca de Layts, Elllot Grant. D(Yi-Jo BlatL Matthew Dommett and Jenny Brock Harrison. Looklng back at 2023 Moklno Spark5 Fly.. In our last annual Impact report. we were able to announce our latest venture. Sparks Bristol, which emerged as a response to the closure of a much loved Iconic post-waf Ewilding in the central shopping a￿a of Broadmead.

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 Working with Hammond A5sociate5. Art5pace Lifespace explored the opportunity to take on the challenge of reJuvenarin8 the forn￿r department store inio a thriving community hub. Supported by Bristol City Council, Artspace Lifespace was introduced to Global Goals Centre, an educational charity promotin8 climate and equality awareness. Artspace Llfespace and Global Goals Centre co-created a shared vision for 'Sparks' la name devised by trustee Dou8 ' Francis and our Venues Manager Jo Kimberl and forged a partnership with a shared mission a collaborative effort to creatively address the climate. ecolo8ical, and cost of livin8 crises whlle reimagining the heart of the city for a greener, fairer and more creative future. We saw th15 massive empty four-storey department rtore, which created a Ilability whlle empty. as a unique opportunity to bring together organisations and indlviduals from across the city to pilot new way5 to CTeatively educate, connect and tackle the growing eco-anxietv. The building was certainly not without its challenges. When we first went to view the store It had only been closed a few months. In the time it took io sign the lease, the building was already experiencing numerous issues. The water and heating had been decommi55ioned and leaks had sprung UP throughout the l>uildin8. Projert partner Global Goals Centre ralsed £33k In sponsorshlp to transform the ground floor space, workin8 Wlth The Invisible Circus Creative Director Doug Francis and their team on a sustainable build using discarded office furniture, film sets, and theatrical scenes brln8lng back the 'Art' in the Department. The shared vlslon and collaboration a￿ what we feel makes Sparks $0 special. Over 50 or8anisations and irmlibryduals donated their time to Input into the vision of Sparks and the project received pro bono assistance from firms such as Arup. Hydrock, Terralupa. Bur8es Salmon, and Womble Bond Dickinson, and furnFture donations from CollectEco, makin8 , Sparks a unique community-drtven initiative. ¢￿er 120 ethical local traders, 30 charities. and 11 Community Champions joined force5, breathing life Into Spark5- the Department Store with a Difference. The vision for the buildln8 is to keep it In use by the cthnmunity rather than It standing empty and provide an eftvironment in which people can learn imaginative way5 10 live more 5UStainably. From fashion and food to nature and energy, each department 15 designed to support local people and visitors to take easy land often money-savingll actions on climate,. equality and wellbeing. The grwnd floor is centred around retail and education while the Department of Imaglnation on the upper floors is a hub for local artists, offering affordable sludios, rehearsal and performan￿ space.

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 We see Spark5 as a prloL experlmenting and demonstrating we can repurp05e our high streets for the 21st Century by providin8: Space for community, cultural activity and experiences. Adapting to changing lifestyle and values - retail focused on 5UStalnable, hl8h-quality produrts. More independent Shopping. Servlces and personal experience ihat you can't buy online. Support for a more distributive and regenerative economy. An inieresiin& individual identity for the high sireet. "I love thls place so Much. I wish It existed evefY4vhere" . Sparks Vlsltor It was important for us thai Sparks be a space for everyone. We are proud of what we have achleved to date. wlth minimal funding and look forward to developing It further now that we have been awarded more tlme to do $0 and hopefully making back our initial Snvesiment. Meanwhile bulldln8 projerts are always a rlsk and we conslder the communlty benefft '. opportunity in any new meanwhile project we agreed to take on. I call Sparks our"Go Hard . or Go Home" project. It was a risk for our charity both reputatlonally and financially and our team worked tirelessly throu8hout the year. We've already seen a strong s*xlal return on our Investrnent. and I have been InspSred by the connection5 and partnerships developed at Sparks. and the potential for independent organisations lo drive the revitalisation of the high street and sustainable redevelopment of Broadmead. The Sparks project showcases the potential for independent or8anisations to revitalise high streets and contribute to the 5UStainable redevelopment of urban space5. As the lease term has now been extended to December 2025. Sparks is commrtted to continuous improvement, maklng it an even more accessible and welcoming oasis in the clty ¢entre. Thls Innovaiive project is noi lust 3 retail space.. it's a testament to the power of communfty-driven fevitalizauon. breathing new life Into for8otten urban landscapes. "Each area has its own department, and there's a strong message of reuse and recycle throughout. It's very Bristol. I personally ihought It was a gfeat use of an empty buildin& il looks fab." Giz Milford

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 The Isl•nd ts ISI From the intricote myceliol networks beneoth ourfeet emerge the reslllent mushrooms. ' enrichin9 rhe soil with vitolity. Within thi5fertile soil, seeds olpossibility take rooz, usherinq forth new growth ond endless potentiol. SO much ol what Artspace Llfespace has achieved over the past 10 years Is on the back of the work at The 151and. People often ask me about the succe55 of the Art5p3￿ model, but it Is down to the creativlty of Bristol's circus community, and their sweat, blood and lears that The Island exist5. The nème Artspace Lifespace come5 from the fact that artlst5 lived and breathed these art space5. The Island was not just a Space for making art. it was where artists Ilved, shared meals. Now artists are being pushed oui ol the city, both due to the cost of studio space but also the hSgh c05t of livlng he￿. ￿er 15% of our studio holder5 5ald they were considerln8 glving up their studio as a result of the cost-of-livinE increases with IO% saying ihey had consldefed movlng overseas. Only 20% of Lwf Studio holders sald they made 9(klOO% of their Income from workin8 as an artlst. Ironlcally the Invisible Circus who left the CID buildln8 to pursue security of tenure are now loslng their home at Unit 15 at some time in 2024. It was bittefsweet to attend their 2023 'Welcome to the Future, and spaces we hi8hli8hted as lost to Bristol at our 2019 Futurville exhibition were incorporated into the 'Cultural Graveyard. Sadly, one of the organisations who supported our FuluNille event. Bristol Ideas Is alw one of the organisations now lost to Bristol after 2024. The151and fee15 more and more Ilke an Island as development sprlngs up around us. Student accommodation 15 planned for Nelson Street and Rupert Street car park. We were sad to learn ol the loss of neafby Pithay Studios. Large developrnents are springin8 up auoss the ' city and taklng a risk on Sparks 15 part of our mission to be more outward faclng and demonstrate the need to retain cultural space5 in Bristol. The full Impact of our 222% rent increase Is now in force and it has been financially Challenglng and the 151and is no longer a self.sustaining projert. The cost of our rent per . annum 15 now just 37% less than the amount The Invisible Circus were asked if they wanted to buy the CID building for (now the Bristol Win& owned by the YMCA). In happier news for development, The Courts. owned by Creative Youth Network and part of Bfidewell Island Is due to open in June 2024 and will provide meetin8 room¥ shared workspaces, rented offices, and a dedicated rehearsallperfomiance space.

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 Our 2023 Open Studios celebrated 15 years at The Island- guite the achievement for a projert that started wilh a promise of 6 months. We hope to still be at The Island for our 21>year celebration by which time The Courts will be open ènd we can show off the whole of the creative 'lsland' we helped create on Nelson Stfeet. Arts Manslon While we never dKI hear why The Prince's Foundation withdrew their interest in Ashton Court, the now King may have had more pressing tasks than concernlng himself with Bristol's much loved but dilapidated architectural mon8rel of a manor house. And so, In May 2023 we si8ned another meanwhile lease with Bristol City Council. The Friends ofAshton Court Mansion whlch we set up In 2018 now runs independently from Artspace knfespace continue to run public open days 3 times a year alongside informative bulldlng tours of the derelict lirst floor. Bristol Clvic Society outgoin8 chair Slmon Blrch continues to campaign for a lon8-term future at Ashton Court. Until then, Artsp3ce Lifespace continues to operate the mansion as an affordable arts space as well as opening up the mansion as an affordable venue for weddings and wakes for those workin8 in the arts. Th• Vertlbul•s The Vestibules thrived as a residency space In 2023 and enabled events such as providing space for Interlaced Narratives.. Weavin8 Tales Through Textiles, showcasing work by women with dlsabilities and those with conditions like cancer and mental health dlfficultle5 and providin8 free consultancy to artist Dan Petley. who used the Park Street Vestibule a5 a reciprocal live workspace. inviting visilors to bring found objects to be made Into sculptural jewellery pieces. The Vesiibules is also home to the UK'S first Al)original owned Ballery supportin8 and celebrating emeryin8 and established artists with seasonal exhibitions. While re5idencSes thrrved at The Vestibules In 2023, the number of commefclal hlres was down on pre-pandemic levels due io numerous fattors induding an increase in out of hours securFtY Costs. meanln8 evening and weekend use was completely unviable and a rise in the cost of Ilving impacting artists. 10

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 The Vestibules was a project supported by the Mayor's team and so its future beyond 2024 Current￿ remalns uncertain. 8foadffl¢adXP , We want to create Cultural Spaces that are welcomin8 and inclusive for all ages and break down class barriers In the arts. In 2023 we took on a Unit in ihe Gallerles Bristol working in partnership with Keep Art It who have created a new CIC 'Art I Art5pace knfespace and Keep Art It works together with One Green Kitchen to provide an art club for Chinese old and new migrants who meet every Tuesday to create art logether. The group provides a welcome space and helps combat loneline55 as well as providin8 a space to share art and creatlvity with other5. Artspace Ufespace derlved from the Clrcus and we celebrate all fornis of culture - Includlng cultural activities that conventional art organisations may see as lowbrow such as gaming. Playback Arcade provides affordable space for retro 8amin8 With Hoard provldin8 D&D sessions, including sessions lor neurfrdiverse and home-schooled kids. Artspace Ulesp•ce Resldency Space Our Artspace Resi Space pro8ramme enables Creatives free space to make and develop work In progress. In 2023 we sUPPOrted 14 creatives in total across our venues the provision of free space or support. "Artspace Lrfespace wenl out of thelr way to find time to 5UPPOrt our project. They Provided a lar8e and beautiful space. free of cost. that was inte8ral to LHJr rehearsal process." Truly Si5kind-Weiss Wfth th•nks to (￿r Fundws & Supportws Indudl The Nisbet Trust for enabling US to complete our planned ventilatitin In our Dance stud￿ at The Island in 2023. The £36k awarded was speni in 2023. Bristol City Council Vacant Commercial Property Grant- £7.5LTh) towanls the costs of Sparks granted In March 2023 with payment recelved in Febnjary 2024. Arts Council England - £49,983 iowards the costs of Sparks Brisiol. 11

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 Postcode Lotttry Fund- £20.631 frorn the Postcode I￿1 trust towards core .organisaiion costs. Bristol City Council Imagination fundin8 which came to an end in 2023 after being enended in 2022-2023 for one year. Our Partners Global Goals Centre and the or8anSsatlons ihai provlded them wlth fundlng for . our ground floor build at SpaTks And thank you to those of you who made donations to Artspace Ltfe5pace In 2022123. ProBono support: Profe551onal 5UPPOrt via Power to Change and Heritage Compass Cause 4 Programme. Professlonal support from Future8round Womble Bond Dickinson. Burges Salmon, Gleeds, Alec French Afchttects and Hydrock who are supporting the SPARKS Bristol project by provldin8 pro-bono advlce and CollertEco for supportln8 US through furniture donations. Estimated Value of Support In Klnd Fulure8round; £5.000 for pro-borK> evaluation work with UWE lor Sparks Bristol ' Womble Bond Dickinson £1.8LXI for al support on Sparks Bristol and 8roadmeadXP Buryes Salmon £1,300 for legal Supp￿ and free venue hlre Gleeds: £SCM) for professional advisory support for Spa￿5 Bristol Alec French Archltects: £2,OCK> for professlonal att¥lsory support and pro-bono work on Sparks 8ristol Hvdrock.. £2.1JJ) for professional advisory suppoff on Sparks 8ristol Collecteco: £5,(XX) for the donation of furniture and other matefials to Spa￿5 Bristol. Volunteers.. With thanks also tothe volunteers who supported our Open Day atThe Island and support our work at Sparks. 12

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 FINANCIAL REVIEW Our financial 5tatement5 for the year ending 2023 demonstrate an ambitlOU5 all￿ation of resources towards our mission-driven activities. Despite the challenges posed by the . economic downtum, increased staff costs, premisesexpenses, and governance costs, we have managed our funds effectively. This has enabled us to take on new projects and maintain rent levels at the Island at rates studio holders indicated were the maximum they could afford. Income and Ovefheads (hervlew: Our total income from grants was E59.631. down from £75.155 in the previous financial year, representin8 a decrease of approximately 21%. ' Whlle our total earned Income Increased by 26% compared to the prevlous flnancial year. our total costs increased by 53% kavin8 a deficit at the year end of £67,411 compared to a surplus of £22,817 in the prior year. Losses at the Island exceeded £17.000. not Including the £12,200 contribution to the charfrty's Core cost5 Iwhi¢h include the company manager salarvi Insurance. IT costs. audlt and accountanry fees. etc.). Increase In Overheads: Staff Costs.. up 58% Premise5 Costs: up 114% Office Costs- up IIVA Governance Costs: down by 8% 'We follow the NJC rates for our PAYE staff and the Real National Living Wage for self- employed duty managers. An increase of El.925 was made on all NJC pay points l and abové due to the cost of Ir4in8 crfsis. New Projects and Strategic Investments.- In November 2022. we signed a lease on a new project. Sparks Bristol. The ambition was to run Sparks as a pilot initiative for at least six months and retain a retum on our investment Due to Unfo￿Seen building issues. this deadline has been extended, but we anticipate recouping the majority of our investment in Sparks by year end 2024. making it a self- , sustaining projett. Additionally, we took on a new projecL 8roadmeadXP. in March 2023. Our investment In a wlde portfolio of rneanwhile spaces foms part of our strate8V to provide 'and maintain a diverse portfolio of qualrty faolitie5. 13

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 Reserves and Future Planning: With the temporary nature of our projerts, our stron8 reserves position has been Instrumental in giviry us the confidence to plan and undertake new projerts. We will continue to remain vl8ilant in managiry risks and plannin8 for the future. ,We extend our deepest gratitude to all our donors. partners. and supporters for your continued commitment to helplnz ueate space for Cfeatives to make. develop, sell and ' showcase their work. Fall Pay CEOS in the UK'5 top 100 companies now earn on average 386 limes that ol a worker earning the National Loving Wage. Since 2017. we have been working toward5 decreasing the 8ap in pay between the lowest and the hl8he51.pald members of staff ond our pay policy 5tlpulates that no member of staff can earn more than three tlme$1150%1 that of another. In 2023 the dlfference between the highest and lowest paid member of staff wa$ 35Y , Staff pay Is revlewed annually in January In line with any NJC Pay Increases, staff on the lowest pay scales earn the Real Livin8 Wage if thai is his￿r than the NJC rates and In addltion to payln8 the Real Livin8 Wage allowance, part-tirne ad-hoc staff who choose to ' stay on a 5elf.employed contract ore a150 paid an uplift of 12.OPA (ln Ileu of holiday pavl. PAYE staff can also choose to enrol on a Health cash plan PaKI for by Artspace Lifespace. Res•r¥es pollcy Our review of the level of reserves forms Part of our annual budBetlne and forecasting process, where we forecast our anticipated income and expenditure for the year ahead. We . also take into consideration the reliability of each source of income and any future needs where future Income alone is Itkely to fall short of the amount of the antitipated costs. We have fornially earrnarked aosing Out Costs (Staff Redundancies. Studio Holder Deposits, Accountanry Fee5. Le831 Fees. Move out costs) as designated funds. Funds at the year end are represented as follows: Total funds at year end £186,030 Restricted fund at year end £14,614 Deslgnated funds ai year end £104,104 Remaining 8eneral funds to be used for any purpose of the charity £67.312 14

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 The anticipated level of resen￿5 based on 3 months operating costs equates to £134,897. ' General fund at the yearend of £67,312 is below the anticipoted amount. This is mainly as result of the Board of Trustees a8reein8 to use £50,(MXI reserved to repay our 8ounce back ' loan to fund the start up of Sparks Bristol). We will use incwne generated from Sparks Bristol to bulld back our reserves. In addition to this should the general reserves fall below I month's of operalin8 expenses, the trustee board would be notified. and a review will be undertaken to discuss whether anv further aciion 1$ required. Goln8 ¢WK•rn Todate. Artspace Lrfespace has operated on an Income funded model. We operate from qulte dlfficult buildings through a Teduced rent or free rent basis and the Income we generate from hlres and lettln8 studlo spaces provldes us wlth an Incm. . We receive fundln8 for carryin8 Cxrt spedfic artivllies to enhance our arts offer but not for operational costs. The Island made financlal 1055es in the year end 2023 and we anticipate further financial losses in 2024. Fundraising efforts to brin8 in core lunding for the Island were unsuccessful. We invested re5erve5 from our ljounce back loan to create Sparks Br15tol In 2024 which we hope to see a return from by year end 2024. The temporary nature of our buildings combined with the need io compete for grant fundin8 for operational fund5 movin8 forward are of concern to the charity and we will continue to work towards maintainin8 financial resilience and securlty of tenure movin8 forward includlng usln8 some of our reserves to brlng in a professional fundraiser. ' While we successfully malntained our operations and achieved significant programmati ' outcomes, il is clear that 10 5U5tain and enhance our impact. we need to secure more robust core funding now that the Island no longer makes a surplus. Core fvnding will provlde us with , the financial stability needed to cover ongoing operational expenses. maintain and improve our Infrastructure. support staff development, and ensure compliance with regulatory requirement5. Wlth adequate core fundin& we can invest in capacity-building initiative5 that enhance our ability to deliver servi¢e5, innovate and respond to emerging needs in our . community and support our long-term 5U5tainabilrty and growth. 15

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 STRucfuRE. GOVERNANCE AND MANAGEMENT The trustees only use Income or capital to benefit charities or purposes that are recognised ' as being in line with our charitable objectives including arts and cultural activities, protection or rejuvenation of difficult and historic buildin85, creatin8 8reater Inclusion. Improvin8 our environmental Impact and advocating for arts. culture and heritage in Bristol and beyond. Governln8 d¢xument The Charity 15 a charitable Incorpofated or8anSsatlon, re8iStered on 11 July, 2016. Its charitable objects are to promote art for the benefit of the public by the establishment and maintenance of facilities for artists from a variety of artistic prartices to create works, to .collaborate, and to present and perf¢ym ihose works for the publlc. Governance & recrultment of Tn￿tee5 ' We carry out an open recruitment process with trustee recrultment adverts on our website, , social media and ihrou8h siies s￿h Voscur. We invite trustee5 to meet with our company manager before 5ubmittin8 an application to our trustees and to ob5erye the board for a minimum of two full board rneetin85 before they are elected on the board. Our declsions as a 8oard are led by the team. We schedule team member meetlngs every 3 months. This is an opportunity to talk thrO￿h what's been happenin8 over the last 3 months with a member of the board attendin8 to find out what went well. what's not gone so well, what staff needs support with, and set goals for the next 3 months. The output from the team meetin8s is then fed into decisions made at Board Meetin85. The Board of Trustees now meets between 4-6tlmes a year with group chat and Indivldual support '. as needed. The Company Manager Is supported by monthly lunchtime catch-ups with the ' designated chair. The role of the chalr Is reviewed and rotated amon8 the board every three months. Statement of Trustws. responslbllltles The Tru5tee5 are responsible fcy preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounling 5tandard5 Including Financial Reporting Standard 102- The Financial fteporting Standard applicable ir¥ the UK and Republic of Ireland Iuniled Kingdom Generally Accepted Accounting Practice). 16

ARTSPACE LIFESPACE TRUSTEES, REPORT YEAR ENDED 30 SEPTEMBER 2023 The law applicable to charities in England & Wales requires the tNstees to prepare financial siatements for each financial year which 8ive a true and fair view of the stale of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to. • select suitable accountin8 policies and then apply them consistentlv,- observe the methods and principbes in the Charities SORP.. make iud8ments and accountin8 estimates that are reasonable and prudent,. state whether applicable UK Accountin8 Standards have been followed, subjert to any material departures disclosed and explained in the financial statements,. and prepare ihe financial ststements on the 80in8 concern basls unless it Is inappropriate to presume that the charlty wlll contlnue Sn buslnes The Trustees are responsible for keeping suffKient accounting record5 thai disclose wlth reasonable accuracy at any time the financial position ol the charity and enable them to ensure that the financial statements comply with the Charitie5 Act 2011, the Charity ' (Accounts and Reports) Re8ulalion$ 2008 and the provisions ol the trust deedlconslilution, They are a150 responsible for 53fe8uardin8 the a55ets of the charity and hence for takin8 reasonable steps for the prevention and detectlon of fraud and other irregularities. Jun 27 2024 Approved by the Trustees on .,.......-....---. $18ned by order of the Twstees Melissa 81ackburn, Trustee Artspace Lifespace 17

ARTSPACE LIFESPACE INDEPENDENT EXAMINER'S REPORT YEAR ENDED 30 SEPTEMBER 2023 Independent examlnerfs report to the Tntstees of Artspace ilfespKe I report to the trustees on my examination of the accounts ofArtspace Lifespace Ithe Charityl for the year ended 30 September 2022. Responsibilittes and basis of report As the charity trustees of the Chafitv vou are responsible for the preparation of the accounts in accordance with ihe requlrements of ihe Charities Aci 20111'the Act'l. I report in respert of my examination of the Charivs accounts carried out under sertion 145 of the 2011 Art and in carrylng out my examination I have followed all the applicable Directions given by the Charity ComMiss￿n under sects'on 1495Mbl of the Act. Independent examlnerfs statement Since the CharitV$ 8ross income exceeded £250.OC#) your examiner must be ? member of body 115ted in Section 145 of the 2011 Art. I confirm that l am qualified to undertake the exarnination beeau5e l am a member ofthe Institute ofchartered Attountant5 in England and Wales. which Is one of the listed bodies. I have completed my examination. I confimi that no materlal matters have come to my attentlon In connection wlth the exèmlnation 8ivln8 me cause to believe that In any material respert: accountln8 ￿cOrdS were not kept in respert of the Charity as required by 5ectlon 130 of the Acr; Of the accounts do not accord with those fecords. or the accounts do not comply with the appllcable requlrernents concernlng the forni nd content of accounts Set out In the Charities {Account5 and Reports) RegulatÉons 21J)8 other than any requirefmnt that the accounts give a 'tfue and fair view which is not a matter considered as part of an irHJependent examinatlon. 18

ARTSPACE LIFESPACE INDEPENDENT EXAMINER'S REPORT YEAR ENDED 30 SEPTEMBER 2023 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 feached. Joshua Kln8Ston Bsc ACA Burton Sweet Limited, Chartered Accountants The Clock Tower , 5 Farleigh Court Old Weston Road Flax Bourton Bristol B548 IUR Oate.. Jun 27 2024 19

ARTSPACE LIFESPACE STATEMENT OF FINANCIAL ACTivmES (INCLUDING INCOME AND EXPENDITURE ACCOUNTI YEAR EhlDED 30 SEPTEMBER 2023 UnMtrI¢￿ R￿1￿¢t•d Tot41 Funds Tot•1 Funds Fund& Fund• 2023 2022 Mot• IR951aledl 79.331 .766 9.496 182 Donabons l￿fi 49.WXI 387.￿) 31492 387. 415 T•ui h*•m• 32.492 ￿178 Exp•ndltur• t￿. Raldng lund8 9.315 343.643 19.878 519.911 19.678 352.958 N•1 Incom•ll•xp•ndlknl 180,2251 12.814 167.4111 22,817 I34.2￿)> N•1 mo¥•m•Dt kn fvnd• 146.0251 121.3861 ie7.4111 22.817 Tol•l fvnd$ 411 O¢tobw 14 217.441 rxKI 253.441 2>).624 rotsl fvnd• at xi 8•pt•mb•r 14 171.416 14.014 186.030 25J.441

ARTSPACE LIFESPACE BALANCE SHEEr AS AT 30 SEwfEMBER 2023 IR¢stai￿} 7.073 T#yble assels Invo9tm)ts gA43 7.871 122 83.5fKI 234.99J 298.612 25 26.293 30e.oii 334.329 DoblC#S Cash at ￿nk In hMd 11 12 186.4751 147.6491 N•1 ¢urYw W•¢• 212.197 Cr•dltorn . •mouni f*lllng d 136.0111 141.1lJl N•1 186.0 253.441 Funds UnrgstFIEi•d fiThl1 Ro$lrf¢iod luTh Is 171.416 217.441 s6.0￿) 253.441 27 2024 .. And w• SY￿d on Ihthr behdf by.. Th• nots4 •n p•y 22 to 30 ftffii pw¢ olthM• finwKl•l $ta¢•m• 21

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 l AccO￿lIng polkl •) rh8 finand• sla¢em8rts hove Wn ￿p￿ed the hbtorlr4 c(1 lexcept w AcctrJniKwJ and R•portlf¥ by chari￿ pr•panNJ th•fj'rctAmts th• Reporti￿￿ Si￿d￿￿ icllble in tha UK RewblK ol IrelJryJ IFRS 1021 in C¥iober 2019. and Ihe FwwKial Report Siar•Jwd 4ppIKable In Ihe R•pth ol It•￿ IFRS 1tr21. tho Ad 2011. n (fina￿•81 $letw1￿1$> N4Vt boen Frfepawl lo and Iw. 8rvJ ha¥e ¢J8p8rtod frrmn the Chariikn Ikcwnls arxl ROF￿5> RewlBDMS XQ8 to tho ¢xt￿l r•qutr•J to provJ• & and la Th i¢abkn to ch8nlM prepwry IhN In KcorrlarKt Ih? Fwwnciul ￿p￿.Calle in th UK 8r¥J Ropubk ol Irel￿d IFRS 1021 c￿0b8￿ 2019 f•thHr th Re￿ry by bl In¥•slmenls valued 81 w81 6$ lty ¥iwwM￿t. ¢1 F￿ed assets are at c£t ID85 a¢￿￿￿￿alS AJs•ta tsxllry than £1.QX ar• ncl capknls• DepreualKJn ￿ C￿CuS￿l so as to off Iho coll ol ￿ 8Mel. less ts estrnaled residuas ov8r Ill• cIIP4qt as••1 a8 kl¢M%. •> Cre(lito wll pmbo￿Y rEsuK In thr translw ol to • pth1y rrtl kn wnc4mldu• kn ¥eits the can b asured or esbrnbl•J rn¢iatty Crnthlors pro¥wK>na ¥• I￿NY r•J>wod #i thr solllam8ni amcwnt •ftar n Cash w tjank & rrthths or less from the d8te d acquty￿ ￿ cyrMr¥J ol ts deposrt c¥ S￿•r Kcf• defe￿ed until Ihre [￿￿)￿5,. the inctyY Is delerred unthl Ihe h8ve been rn￿. h) fyants 8r• in m th• St•tÉm￿t ol Fin￿ A¢Dv•gfj tre th•y r•cvabWpayabkn.

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 l AccO￿lIng polkl•a Iconlln￿dl by the donw or lur#Y• we rarnad part￿L￿r rsth"cled purwJse•. Ey48rKliture eWanaWon oflho natswq ￿ wry>x• ote&h luThl kn th• the finantsd Sla￿ents. Unrn•trkl•d R••trkl•d Fund• Fund• Tot•1 Fund• 2023 Don•1p￿S 742 4.419 17.61x1 27.139 742 4.419 17.000 69.631 Don•)￿8 In kiNI 32.492 49.￿ 32.492 82.39 Unm•t￿l•d R•#1￿1•d Tot•1 Fund Fun 2022 R•stsiedl 2.626 1.550 75.155 2.626 Donal￿5 kn kw¥J 39.155 41331 79.331 Bristc4 city CourK4 Arts Coundl HMRC 14.008 24.992 13.017 21.871 2.667 39.OCK> 37.555 DonaM kn knnd 10 É17,ffQ RO22: £1.59)) rnl sèr¥W ￿ r•Érd ol Ihè 23

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 2923 Ruom Slucwj Hir• Spac• M•rnb￿.p 141.482 232.015 11813 sr) 141.482 232.015 13.813 570 387.ewj 38T.880 Unr•¥ttht•d RMtrlct•d Totsl Fund• Fun(l• 2022 Room Trlrfi slud￿ Hir• Spxfj Evwts 138270 122245 138.270 122.245 13.903 12.348 12.348 24

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 Unr••trkt•d R••trlct•d Tot•1 Fu FUNIS Fund¥ 2023 Dlr•ct eo•i• costs Events expnditmi DonalbJn5 to rKqect¥ support e4Xt4 1785 31.445 6.266 38.230 38230 171.676 17.995 1.67S 87. 29.101 171.676 18.536 2,174 87.ego 29.101 .088 64.023 1.473 AdvthLEtra 541 Roni and Prnmis•s ￿e￿ing (rntj Heal. and walw tilen￿ce Costs DepreLY8bon Bad ¢Jebts 1Th3urar 48.558 1.473 1&467 T.078 18213 I,n7 7.078 18.213 1,727 F+n8nca costs Go¥Wn•￿• co•14 2.419 2.419 Tw618e exFonse& 3.188 3.108 519.K 19.678 5J9.58ts Totsl Fund• 20 FundB Dlrncf eo•ts Slaff cos Evènts ex￿n￿ Donatths lo rKqects Support co•ts SupprKI siaff c￿ Adnwistro￿) Matheting Renl r•te¥ Pr•mis•$ dwlro H8ai. I￿1 and ¥¥4￿1 1250 7.132 14.520 1,250 I￿.999 8.462 1.821 109.776 13.625 35.126 .809 1.389 462 1.82) 109.776 13.625 35.126 ad ¢hbts Insur8 PrDfe58iDn& I￿¥ Finance costs 5.559 1.576 1.374 5.559 1.576 1.374 Arrnuntancy Tnntee •xw3• Irrtloperthsl e¥arntr# l•eg 3.047 3,047 355 2.790 342.393 343.643

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 S N•1 I￿Om￿l I•M￿ndIt￿•) for th• TN• kn •l•tsd •ft•r ¢hwglng' 2023 2022 Dépr•&ahon 1.473 17(X) 1,389 2.010 11801 . yaar 1 12022.. 11 TruM' r• r•knAn•d •xpww ￿l￿g lo £7912022,. £1171 rnl•ikw ¥J mèow. Ira¥d and 1 8¢•11 ¢o•ts •nd nwnb•rn ZtrZ3 2022 141.125 3.978 2,785 61.380 87.549 bottal ¥oawily eolls 1.578 47.420 ContrBded 137.351 2023 2022 19 14 Irusl•tt ¢¢n8#lw k•y 10 b• Ih•tM4v•s. lh• Ctrfnpany Miag•r th• l¢ C¢ntyo ￿￿&r. [￿ftn9 lh& ￿r. tmy rtCeP4ed fl￿ rs)mUrr4￿I of £87203120rL.. £9).4971. DunThJ I￿ yw l truslge 1<8ra de b88 I1•￿8 r•rfv•d In Ihg y•w of£27012022'. £87BI for 44r¥k to by In• Tno1098. 7 T•xlon

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 • Fwid ¢omp•rAllbY 2022 IRe81atedl IR•¥iaied 43.331 286.766 9.496 IRest4thdl 79.331 286.766 9.496 182 GrBn¢5 tJLmlk Chorilthe actsth$ Tol•l Incom 339.775 3T5.775 EJ¢p•ndStUf• on.. Fut￿¢•r￿j Chori1¢ 9.315 2.393 9.315 343.643 T)t•l 352.9Sry N•f In¢om8ll•xp•nthlurnl 111.9331 34.750 22.817 142 112,0751 34.892 22.817 Tèial lund• at l 0th)bw 2021 229.516 2>J.824 T•l•l fvndi •¢ )0 8•p¢•rnbv 2￿3 217.441 253.441 • T•r4lW• Il¥•d Equlwmnl Tot1 C¢t Ai i Ocl(thf 2022 ArJ(hthJi6 17.105 3,443 17.705 3.443 Al J) SgMomb•r2023 20.$48 20.548 DePr￿laN0￿ Al 1 Oclob•r 2tr22 Ch•rye k¥ lh• > 9.232 1.473 1.473 130 SeOwTthr 2tr1J 10.705 10.105 N•¢ l)ook ¥•1 Ai Xl SoM*Yknr2023 9.843 AI 30 SeWmbgr2tr22 7.873 7.873

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 10 2023 SUL Artsw Errt•rms linmled li Ih• DI ¢kn'lalA• Y￿P)r•Ied t￿rfng I￿ wr. Ihè profil aft8r an￿)￿￿ 10 £12.84212022.' pmfft 01 £13.5541 ilh rnia+n•d r•sorvo8 £12.84212022.' £4.4191. 11 D•blty• 2023 2022 17.7e8 14,858 139 11.498 Pr•pa￿•fits and •cuu•d Irwn• r dol)t 63.S80 26.293 12 CY•¢Nt•N: amounts lllny du• ¢x* >• 2033 2022 Bank lofjn 5.556 10.437 1.592 9.114 24.876 2.510

JA35 (￿￿r rxedJt(MB ee.475 47.049 2023 Bank kn•n XO11 41.113 30.011 41.113

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 14 knm•nt In lund• A110 2032 IncoTh Exp•ndlbJrn Trnn•fvrn At 30 5•p IQ23 G•noral funds D8wal8d hJThJJ Cb•ng tyjl ts•w• 217.441 439.686 1519.9111 (89.9041 87.312 48.370 55.734 48.370 55.734 217.441 439.￿ 34.2￿) 519.911 177.416 R•stslct•d fiw Arts Co￿￿1 Bnstc4 Cty Istr￿ En£dxl NLtht TrAt 24.892 111.8921 I7.f￿} 13.100 1.514 138.0fy)I 32.4W2 ￿19678 34.21K) 14.014 Total fvnd• 253.441 472.178 539.589 186.030 A110ct 2021 Exwndltsx• TTrn•¢•r• At ￿ S•p ZO R85tatsdl 217.441 Gp.nerJl funds D•sw•t•d lun C¢ty C¢)￿1 217.213 .013 1329.3711 12. 12U3n 272 229.516 142 R•slrfct•d fund• Lottèry fund FnDTrJs ol Ashton C¢A 31 (1421 1219 1311 142 112191 Nlstd Ti￿t 3e.000 Tolal lund• 2JO. 253.441 Bw Lottfjry fwvj. lunthrYJ kn¥wds WA1 r¥•fts lth dl••bltm Ihw rAr•rn Arts Coundl. furK18 r$c￿¥￿a t04ards $￿ks twg for ts & hdp

ARTSPACE LIFESPACE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2023 14 w0￿rnant In fvnds l¢Mtknwdl $uNey and FYc4¢d mwJw c)th. Dwlgn•ffidfund• Brlsial Clly Coundl. fuThl$ ￿•￿•d iowwJ8 CLl8 OIIM ITh￿￿0 Cttcus a)d ¢)Ihw rArJJocI cosis. tho ￿￿1g￿lled lund Trylbl• In¥•Jlffl•rt• Flx•d ••Mts N•¢ ••s•ts Tot•1 Gen•ral 9A43 57.468 104,101 14.614 67.312 104.104 14.614 9,843 176.1 186.0 Tvrfilbl• Tot•1 Unrwtrl¢t•d fvnd• G8n8ral fund• R•¥trfGt•d fund• IRealedl 217.441 36.000 7.8n 209.567 7.873 245.567 11 R•l•¢•d p•rll•• Jtsp•¢• Llfo•p¢• En￿1￿1•• Limii•d Twgtees JS Frand5 and WA PenhaA a￿ (My• cl LIeSp￿ Llnknd, a Wholty-o%w￿a subsKSwi of the ¢YWty. ITh the yBar eFthd 30 Sepkmbtr I￿. Artwx Lrfeswx Lifi>ted p8•Y £14.07e221Th.. £8.2011 Ip Artspaco Lrfwpa¢•. £2.X612022. £11.4￿> as th• diaThtyat Th In¥l•lbl• Clr¢u• CIC Artsw Lrf8spac• durirg ￿.