ARTSPACE LIFESPACE
FINANCIAL STATEMENTS
30 SEPTEMBER 2025
Charity Number 1168150

ARTSPACE LIFESPACE
FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
Contents
Pages
Reference & Administrative Information
Report of the Trustees
Independent Examiner's Report
24-25
Statement of Financial Activities
26
Balance Sheet
27
Cash Flow Statement
28
Notes forming part of the financial statements
29-38

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Reference & Administrative Information
Trustees
Aran Dasan lappointed April 20251
Ben Stephenson lappointed April 20251
Kara de los Fleyes lappointed September 20191
James Francis lappointed July 20161
Slew Choo Clarissa Ching (Clarissa Jeakingsl (Treasurerl (appointed August 2021, resigned
July 20251
Wim Penhaul (appointed April 20171
Peristera Stefanou (appointed April 2023, resigned September 20251
Melissa Blackburn (appointed December 20221
Richard Irvine (appointed December 2022. resigned January 20251
Anthony Elliot (Resigned March 20251
Rhiannon Jones IAppointed May 20261
CEO
Kathryn Chiswell Jones
Charlty Operatlons Manag•r
Alice Newton
Prlncipal Offic•
The Island
Ne150n Street
Bristol
BSI 2BE
Independent Examlner
Joshua Kingston Bsc FCA
Burton Sweet Limited
Chartered Accountants
The Clock Tower
S Farleigh Court
Old Weston Road
Flax Bourton
Bristol BS48 IUFt
Bankers
Triodos
HSBC
Contacts
The Island
Nelson Street
Bristol
BSI 2BE
Telephone 0117 376 3457
Email". info@artspace.uk
Web." https jlartspace.uk

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Report of the Trustees
Our Charitable Aims
Artspace Lifespace IASLSI has been delivering arts services in Bristol since 2006;
formally registering as a company in 2012 and established as a charitable
incorporated organisation in 2016.
Central to our mission is the transformation of underused. derelict or otherwise
neglected buildings into thriving. inclusive spaces for arts, culture and
community engagement. Our charitable purpose is to provide the resources and
facilities that enable sustainable. creative communities to flourish. We achieve
this through the acquisition, management and maintenance of a diverse portfolio
of creative venues where artists can make. collaborate and present work, and
where communities can access affordable arts provision within their locality.
We advocate for the adaptive reuse of buildings for creative PLJiposes, securing
interesting and often challenging spaces in which we develop workshops,
studios, galleries, offices, independent retail, performance and training facilities,
supporting artists and communities on both a meanwhile and longer-term basis.
We also act as a broker between property owners creatives and communities,
and provide advice and support to artists and organisations delivering their own
projects locally and nationally.
I n pursuing these aims. the charity addresses a range of interlinked social,
cultural and economic challenges..
La¢k of affordable creative spaces Access to affordable venues for
creation, exhibition and performance remains a significant and growing
barrier for artists and community gToups across Bristol. Our su bsidised
studios, flexible hire spaces and residency programme directly address this
gap, ensuring that financial constraints do not act as a barrier to creative
practice.
Urban decay and building neglect.. Vacant and deteriorating buildings
blight communities and undermine local economies. ASLS responds to this
with creative, community-centred proposals for cultural repurposing,
demonstrating that meanwhile and long-term cultural use can deliver
lasti ng social and economic value.
Social isolation and exclusion." Through our grassroots approach, open
studio events. year-round exhibitions and community programming. we
create spaces where anyone can engage with and contribute to Bristol's
creative life. Our venues provide welcoming. inclusive environments that
bring diverse communities together. encouraging participation.
collaboration and social cohesion.

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
How Lhe achievemenl of our aims ￿￿111 (uriher the charity's legal purposes
Artspace Lifespace's charitable objectives are to promote art for the benefit of the
public by the establishment and maintenance of facilities for artists from a variety
of artistic practices to create works. to collaborate. and to present and perform
these works for the public.
Artspace Lifespace is a registered charity. and its aims directly align with its legal
charitable purposes-
Advancement of the arts and Culture: Through the provision of artist
studio spaces, public exhibitions, artist residencies, and creative
programming.
Strategies for achieving our stated aims and objectives
Artspace Lifespace employs a range ofstrategies to achieve its aims, including..
Creative use of vacant propertie&. Partnering with property owners to
bring empty buildings into meanwhile or worthwhile use, revitalising
unused spaces for community development.
Artist residencies and studio provision.. Offering affordable workspaces
and development opportunities for artists and creatives.
Community engagemenL' Hosting open-access events. exhibitions, and
workshops that encourage public participation. Providing opportu nities for
learning through creating space for workshops, mentoring, and skill-
sharing
collaborati￿ partnership& Working with local authorities, grassroots
groups, and cu Itural organisations to co-deliver impactful programming.
Advococyondsupportr. Championing the value of arts and culture in
regeneration and supporting artists through advice, networks, and
capacity-building.

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Crileria and Measures loA55ess Succe55
To measure progress and effectiveness, Artspace Lifespace uses a combination of
qualitative and quantitative indicators, including-
Occupancy and utilisation rates of creative spaces and studios.
Attendance and participation figures at events. workshops. and exhibitions
we host.
Artist and community feedback collected through surveys and evaluation
forms.
Case stuéies demonstrating individual. partnership and community
impact.
Significant Adivities Undertaken in 2025
During the reporting period. Artspace Lifespace undertook several key activities
that contributed to its aims. Below are the visitors numbers for the full calendar
yea r for 2025.
The Island
69,346 individual visitors annually across our range of activities at The Island
includi ng..
Artist Studio&. 43 Studios (Shared and Individual Studios). 105 artists.
"Having a studio space in The Island has been essential to the development of my
artistic practice in recent years. The friendly and helpful staff, affordable space
and central town location have meant I've teen able to grow my projects and
collaborate with organisations across Bristol."
Circus Studio.. 354 Classes & Workshops. 3.146 individual visits.
"The Island is an amazing place. It brings all kinds of different people. performers
and artists together, professional and amateur, Bri5tol-t)ased and global. The
Island is one of the few remaining space5 ft)r creativity in the city, and 15 known
all over the world (Js a creafive centre.-
Dance Studi¢x' 687 Classes & Workshops. 6,979 individual visits.
"Thankyou for these years of providing the lovely dance space to our
community. I wonted to soy thonkyou becouse thot spoce thot l used for nearly
7years was very important to me and to all the students who attended and
grew up in the dance community there. I hope The Dance space keeps growing,
and hopefully. people will continue to look after it"

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
The Gollery." 61 Events. Workshops & Exhibition& 1292 individual visits.
"The Artspoce team at the islond ore incredible to work with, especiollyAyan
who went above ond beyond. They were super helpful to make my project run
Smoothly and created o welcoming 5poce to explore the creative vision. Thanks
to their support, my installation was o success. and I manoged to gain valuable
knowledge of the process while also having it re50nate with visltors. I would
recommend this venue to anyone looking ft)r a creative and open space to
explore ideas in their work"
Venue/Cell&' 61 Events Of which Z7 Club Nights: 5,639 individual visits and 29
Other Events & Workshops.. 610 individual visits
"Incredible. The only true underground venue in Bristol-.
Sparks Bristol
Ground Floor Individual visi￿. 421.347 visitors
Event Spa¢es: 191 events, 7,640 visitors Artists I Creative Desk Space..
Our survey with Sparks Traders shows the venue is having a genuine behaviour-
change impact traders reported both thinking more about and actively
implementing ethical practices including accessibility, ethical sourcing, and
paying the Real Living Wage.
"Spark5 has given me the plotform and support to turn my passion into a full-
time business, it's on omazing spoce ond provides endless opportunity for our
community." SparksTrader
"The Studio desk space h05 been instrumental in my creative practice being a
BRAC artist, without which I would have not been able to explore my practice as
well as take the chance to make art of bigger scale. I deeply value the
relationship I hove wirh Sparks." Sparks Artist
"I love it here. I feel very happy ond welcome as o g(Jy person." Sparks Customer
"We were so, so groteful foryour time and tour of Sporks. I think it wos the
highlight of the two weeks for mony of the student& Your words resonoted
deeply, ond I think the design ond purpose of Sporks will encourage them to
make significant changes in their systems on a similar scale. Your team were
wonderful, please pass on my gratitude to them." Recipient of Sparks Tour

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Arts Mansion
109 event& T7.039 visitors
Our Venue Manager Jenna Graves doubled the number of visitors and events
hosted at Arts Mansion in 2025 by concentrating on more public events and
music events in 2025.
"Jenna and her team were utterly amazingl They ensured we were able to plan
and execute our vision, nothing wa5 0 problem and Jennu even helped us
navig(yfe through the plonning process to secure (Jpproval for using o public
spoce. All our guests hod the best rime ond I would definitely recommend using
the unique space for ony celebration, meering, ort exhibition or filming locotion.
This orchitecturol icon hos been a huge port of our lives since moving to Bristol
nearly 30 years ago and it was a real privilege to be able to work with Artspace"
Arts Mansion Hirer
The Island / Sparks Satellite Venues
The Vestibules
Seasonal exhibition programme with Coe Gallery & Residency Events. After eight
inspiring years of creative activity. Artspace Lifespace bid farewell to The
Vestibules in October 2025, marking the end of an important chapter in the
charity's su pport for Bristol's artistic community.
"For the post threeyeors, Arrspace Lifespoce hos been a virol supporter of Coe
Gallery's exhibifions ac The Vestibules, o spoce we've proudly called home during
this time. Since 2021, we've hosred seven exhibitions ot The Vestibules, which
hove become our stople summer and winter shows. At the heort of our
progromme is o focus on Aboriginol ort ond the spoce provided byArtspoce
Lifespoce hos ollowed us to introduce these importont ortistic voices to wider
oudiences, fostering educotionol diologue ond cultural diplomocy. Their support
has not only empowered us as curators ond artists, but also enriched the wider
public's access to meaningful, often underrepresented, cultural narratives. Their
role in supporting ortist-led octivity is not only crucial for creative proctitioners,
but a150 for the broader public. who benefit from a rich programme of free,
diverse, and accessible exhibition& We are incredibly grateful for everything
Artspoce Lifespace has done and we strongly advocate for the continued
support and funding of organisations like theirs. who directly Serve the cultural
life of our cities."Jasmine C￿, Founder of Coe Gallery
Broadmeadxp
Residency Art Gallery & workshop space for ArtIOO CIC. hireable space for
Playback Arcade ar)d Retro Gaming Exhibitior) and a weeklyTuesday craft club
for elders hosted by ArtIOO Gallery and One Green Kitchen C.l.C

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Artspace Lifespace Residency Space
Our Artspace Resispace programme enables creatives free space to make and
develop work in progress. Our artist residency opportunities are open to artists
who want to foster the development of both specific and exploratory projects,
and experiment with works in progress.
What we offer?
Access to space in kind120 - 37 hours of free space hirel
A letter of SUPPOTt for funding applications or for artists, work in general
Their work featured on our website I social media
Artist support from our Management Team
2025 Residencies included:
Arts Mansion
Nu Nu Th•atr•', Nu Nu Theatre produces work inclusive of second language
actors lactorslperformers foi whom English is a second language). They
requested rehearsal space for a theatre production involving dialogue and ample
movement in which they could move freely and rehearse with text and sorre
propslminimum set.
'Artspoce Lifespace generously gave us occess to rehearsol spoce, which made
a huge difference to our preparation. Having a quiet. supportive environment
where we could focus without pre55ure was incredibly valuable. The staff were
kind ond helpful, ond the venue itself hod everything we needed. It s rare to find
space5 like this especially offered in kind. we re really thankful for the
opportunity and support."
Ileana Gherghina. Nu Nu Theatre
The Island
Ourcylium R&D & Showing.. Gender Criminal is a multi-disciplinary Storyteller,
Gender Educator, Director and Producer. moving across drag, queer live art,
wordsmithery and community organisation. Roux used the cells at the Island to
develop a new piece and an end of residency performance Ourc
lium.
"I wouldn't have been able to create and develop work without the pressure of
funds if it wasn't for art5pace lifespace. They are a lifeblood for underrepresented
creative5.'
Roux Burroughs aka Gender Criminal
The Vestibules
Bristol Women's Voice: Use of the Park Street Vestibule for their International
Womens Day event at City Hall

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
"l just wanted to say a huge thankyou for all your support for this year's IWD
event. It's been lovely collaborating with you. We recorded that SOO people visited
the Park St vestibule throughout the day!- Madie Lewis, Bristol Womens Voice
Sparks Bristol
Tom Marshman.. FI&D of a new queer writing family supporting Bristol based
LGBTQl+ writers interested in addressing themes of uiban renewal, displaced
communities, and personal stories
BroadmeadXP
One Green Kltchen weekly craft classes particularly aimed at elders from the HK
and Chinesecommunity
2025 Residencies included.. Grania Pickard, Sophie Grenfell, Josh Ben Tovim, Floux
Burroughs, Bolarinwa Olabisi. Keity Pook, Adriana MacKenzie, Robyn. Molly
Hanson, Tom Marshman, Itta Howie, Helena Berry, Ziggy Slingsby, Bristol Gallery
Weekend, FAM Open Days, Library of Moments. Capitalist Escape fioom, Age of
Quorom Filming, Nu Nu Theatre, Creative Youth Network Youth Exhibition. Bristol
Womens Voice- IWD 2025. Sparks Residency Desk Space. ArtlOO Gallery & Studio
Space, One Green Kitchen Chinese Elders
The total value of staff support and space in kind in 2025 was £32.299.

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
The Importance of Affordable Studio Spaees:
In 2025 we surveyed our studio holders and circus studio members at both The
Island Bristol and at our flagship building and at Sparks Bristol. 35% of Island
Artist Studio Holders, 66% of the Island Circus Studio Members, 41% of Sparks
Studio Holders and 45% of Sparks Traders restx)nded to our suNey.
Our venues are serving artists from right across Bristol. from 8SI to BS9.
demonstrating broad community reach rather than serving a narrow geographic
area.
Main Area of Artistic Activity
The Island
Sparks
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)erti•ry
Most important for Island artists were the Characteristics of the Space139.4%1,
Community in the Space121.2%1 and City Centre Location118.2%1. Island Circus
Studio members selected Affordability140.6%1. Community in the Space131.3%1
and Characteristics of the Space121.9%1.
Sparks Bristol Artists said Characteristics of the Space130%1. Community in the
Space 30% and Accessibility125%1 were most important while traders said
Affordability was most important141.7&1 with Characteristics of the Space,
Community in the Space and City Centre Location all received equal weighting
U6.7%1
Approximately3 in 5 artists across our venues earn below£20k per annum.
70% of Sparks Studio Holders 75% of SparksTraders, 59.4% of Island Studio
Holders and 45.4% of Island Circus Studio Members reported that their income

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
was below £20k per annum. Respondents were asked to include all sources of
income.. from artistic work, other employment, benefits, etc
Our 2025 survey data paints a stark picture of financial precarity across Bristol's
creative community. Across all four surveys an average of 62.5% of our artists.
studio holders and traders earn below £20.000 peryear from all sources
combined - well below the UK national minimum wage of £24,800. This rises to
75% of Sparks Traders and 70% of Sparks Studio Holders. making these among
the most financiallyvulnerable creatives in our community.
Despite this, the vast majority continue to show up, make work, and contribute to
Bristol's cultural life, often juggling Tnultiple jobs to do so. When asked what
would most help them sustain their practice, artists consistently pointed to more
grants and funding opportunities, a Universal Basic Income, lower studio costs,
and affordable housing. Notably, 67.7% of Island Studio Holders said they would
work full-time as an artist if income were not a barrier, a clear signal that fi nancial
constraints, not lack of ambition or talent, are what's constraining Bristol's
creative community.
The data demonstrates that Artspace Lifespace is succeeding in our mission of
providing affordable space and ieinforce why affordable studio space is not
nice-to-have. it is an essential lifeline. For many of our creatives. the subsidised
space we offer from our venues are what make creative practice possible at all.
Our next Annual Impact Report, publishing in October 2026. will track whether
the financial position of artists in our community has improved, remained static,
or worsened, providing an evidence base to strengthen our advocacy for
sustained and systemic investment in the arts.
I n shaping our objectives for the year and planning our activities, the trustees
have considered the Charity Commission's guidance on public benefit, including
the guidance 'public benefit.. running a charity IPB21'. We endeavour to
encourage all within our community to take part in our activities and seek to
broaden access to culture through our activities.
io

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
FINANCIAL REVIEW
Our financial statements for the year ending 2025 demonstrate a return on
investment in Sparks and Broadmeadxp.
Income and Overheads Overview.
Principal Funding
The main income streams in the year continue to be from our earned income
generated from license fees charged for the provision of creative workspace,
event hire and the introduction of retail concession lets for independent
sustainable traders at Sparks Bristol.
I n Year End 2025, both our overall income and expenditure on charitable activities
increased. Principal cost categories shown below,. see Statement of Financial
activities for full breakdown-.
Income from:
Total 2024
Total 2025
Difference
Donations & Grants
£76,683
£587,143
£0
E79.820
£3.137
Charitable Activities
£679.246
£92.103
Other Trading
Investments
3,515
£2.778
£T75359
£13,515
£471
£2,307
£666.133
Total Income
£]09.226
Expenditure on:
Raising Funds
Charitable Activities
Total 2024
Total 2025
Difference
£12,250
£593,938
£606.188
£9.784
£683.034
£692.818
1£2.4661
£89.096
£86.630
Total Expenditure
Charitable
Activities Spend
Su pport Staff Costs
Rent and Rates
Total 2024
Total 2025
Difference
£232,727
03,840
£26,238
£310,815
47.192
£31,676
£78.088
£43.352
£5.438
Office Costs

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Direct Costs
Total 2024
Total 2025
Difference
Staff Cost5
£57.420
£20,268
£49.568
£8,993
I￿.852)
lal,2751
Events expenditure
At year end 2025, our net cash inflowwas C72.958 compared to a surplus of
£43,254 in YE 2024 and a deficit of £73.021 in YE 2023.
Our Balance Sheet net assets figure at Year End was £328.516 compared to
£245,975 in year end 2024.
New Projects and Strategic Investments
Our mission since 2016 has been= Providing Access, Space. Logistics and Support
for a vibrant creative community in Bristol and beyond.
In 2024 we reported that People rather than the Buildings are core to our central
mission and that mission saw us taking our skills to the streetsl In 2025, Artspace
Lifespace was one of five community led high street innovators selected testing
how community-led action can revitalise high streets and town centres across
England and we started work on creating a Vacant Property Toolkit to share with
other arts organisations.
As we continue to manage a vibrant portfolio of meanwhile spaces, our search for
a permanent home in Bristol continues. Approaching 20 years of managing
Artspaces in Bristol in 2026, we will use this milestone to review our mission,
vision, values and goals for the next decade.
Fleserves 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
are building our reseNes in the hope of investing in our long term future home to
maintain long term affordability and stability for artists in the city.
Risk Management
The Trustees have reviewed and assessed the major risks to the charity and risks
and uncertainties that could impact the charity's ability to deliver its objectives
and mai ntain financial sustainability.
Loss of Meanwhile Spaces." A core element of Artspace Lifespace's operational
model relies on the occupation and management of meanwhile spaces. The
temporary nature of these arrangements presents a significant risk to our income
generation and programme delivery.
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ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Our lease at Sparks was renewed until for another year until January 2027 and the
conclusion of our custodianship at the Arts Mansion is anticipated for 2026. Venue
closu res represent substantial risks to the charity's income. job losses and
operational stability for the financial year ending if new meanwhile venues are
not secured to take their place.
Sustainclbilityof The Island.. The ongoing viability of The Island remains a concern,
with core costs exceeding earned income and the condition of the venue
continuing to decline. The project has increasingly relied on surplus contributior)s
from other sites to offset its operational deficit. A decline in external su bsidy or
cross-subsidy puts The Island at risk as a going concern.
Improvements in the Islond Venue Bookings." The Venue at The Island has
experienced reduced income and bookings, attributed to growing competition
from other venues offering in-house technical infrastructure, partiCLJlarly sound
systems. Our Venue team has worked hard to reverse this trend through
increased digital marketing and word-of-mouth promotion, and by trialling our
own in-house event nights to raise the venue's visibility, using an agreed test
budget of £5,000 towards programming these in-house events..
Concentration of Income Sources.. Given the fluctuating nature of meanwhile use,
the loss of a single income-generating site within a financial year poses a material
risk to the charity. The impact is even more pronounced in the event of two or
more closures. To illustrate. as ofyear End 2025 the Arts Mansion contributed 12%
of its earned income to Artspace Lifespace's core costs. while Sparks contributed
47%. Any surplus generated by Sparks and the Arts Mansion is also used to
reduce the deficit at The Island. Arts Mansion lease expires in May 2026 ar)d
Sparks continues on 3 12 month lease basis. The loss of both projects would have
a significant negative effect on the charit￿5 financial performance for the year
ending 2026.
The trustees continue to monitor these risks closely and are actively exploring
alternative opportunities and mitigation strategies, including the pursuit of new
partnerships, diversification of income streams, and investment in key venues.
Measures in place to strengthen systems and mitigate risks include:
All staff Team leader meetings are held monthly
Sparks joint team meetings are held bi-monthly
Board meetings are held at least quarterly
External consultancy is sought where appropriate under advice from the
Board ofTrustees.
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ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Future Strategy
Our biggest successes over the past fewyears continue to be our growing
partnerships and networks. We remain active in the Bristol Culture Network
Iformerly the DIY Arts Network) and in a CEO/COO peer meeting convened with
Gloucester, and we've been enriched by our involvement in the Mycelial Network
for CommunityAsset Developers- a peer solidarity network for community-led
organisations activating and stewarding land and buildings to transform their
neighbourhoods.
2025 also brought recognition on a national stage. We were named one of just
five Community-Led High Street Innovators in the country by Power to Change,
working alongside Bristol's Vacant Property Task Force to explore new
possibilities foi Broadmead as it enters a period of major change and developing
a Vacant PropertyToolkit to help others reclaim and reimagine underused space.
We also hosted a high-profile tour of Ashton Court Mansion for Sadik Al-Hassan
MP, Historic England's South West Fiegional Director, the Leader of Bristol City
Council and the council's Chief Executive. And our CEO represented Artspace
Lifespace nationally, speaking at the Scottish Cities Alliance's Peer-to-peer Event
on Retail and the Night-Time Economy in Glasgow. sharing our model with cities
across the UK.
Our long-term vision remains the same= to help shift the current paradigm and
build a society where individuals. institutions and investors actively support the
places that shape the cultural identity and social fabric of our cities. At year end
2025, the tools to make that transition weren't yet in place but that changed this
spring. The English Devolution and Community Empowerment Act successfully
passed through Parliament and received Royal Assent or129 April 2026. Looking
ahead to 2026, we're preparing to make the most of that transition. Key priorities
include..
Deepening our networks: building on the strong, values-aligned partnerships
we've established across our projects. and connecting with grassroots
organisations both locally and nationally, rooted in shared values, to shape our
collaborative approach and guide our mission.
Positioning Artspace Lifespace as an investable proposition: We continue to
explore blended funding models that go beyond traditional grant funding to
sustain and scale our impact.
Capturing and sharing our lèarning: launching a legacytoolkit in 2026that
distils the insights, strategies and models we've developed over the years,
equipping individuals and communities to lead grassroots regeneration effort5 in
their own neighbourhoods.
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ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Seeking capital funding for The Island: pursuing long-term investment in The
Island, ideally through acquisition or a long-term commitment from the landlord,
to carry out essential accessibility and sustainability works.
Fundraising - Core Grants and Project Funding
Some of the grants received during year end 2025 were..
British Coun¢il - There Is No Place Like Home £5k
There is No Place Like Home. Kia mau ki te tokanga nui-a-noho was awarded a
grant as part of the Connections Through Culture Programme 2024125. Led by
Artspace Lifespace and Dr Tia Fleihana INew Zealandl, this collaborative project
aimed to unite contemporary dance practitioners to create a F)owerful dance
piece explori ng the climate CTISIS. The project will delve into Indigenous art
practices and environmental narratives through choreography and workshops,
raising awareness of sustainability and migration while inspiring meaningful
action.
Arts Funding & Philantrophy {Cause4Ltd) £2500
Funding for a partnership project with Arts Fundraising & Philanthropy to host
four Artist Support Evenings at 'Sparks Bristol,. This was open to all creative
individuals, businesses and small start-up entrepreneurs to gain some insights
from industry professionals. The workshops covered Finance and Managing your
budgets, Websites SEO. Digital marketing. Developing a business plan and
Creating Contracts and Protecting your Internet Protocol.
Brlstol Clty Coun¢ll - £51033 between 2024-20ZY
In 2024 we were just one of IS organisations successful in the Cultural Investment
Programme'openness, Fund with unrestricted funding for up to four years. In YE
2025 we received £17,344 in funding from this grar)d award.
Nisbet Trust - £30,000 between 2024 - 2026 05k in YE 20251 and
Garfield Weston- £20,000
We received core funding to make critical strategic changes at Artspace
Lifespace, aware that in order to remain sustainable and keep our community
arts spaces open we need to restructure and restrategise over the next five years,
focusing on business planning and capacity building. Part of the identified
restructure was creating a part-time Company Manager role Inow renamed the
Charity Operations Manager) to support our arts venue managers and enabling a
Chief Executive position to focus on capital funding, development and council
policy engagement.
Power to Change - Total grant award £34964 I￿7.482 in YE 20251
Artspace Lifespace was one of five organisations selected nationally by Power to
Change as a Community Led High Street Innovator. In April 2026 we will be
publishing a Vacant Property Toolkit. to share our learning with other
organisations and support community and cultural organisations to take on
15

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
space nationally. Artspace Lifespace is part of the Vacant Property Taskforce in
Broadmead and will work as part ofthis partnership to create a Commercial
Property Database, to make accessible information about spaces available for use
in Broadmead. We are reimaginng a building identified by the Vacant Property
Taskforce, using 3D and virtual reality modelling as an accessible way to consult
with the community and stakeholders as a pilot model to encourage portfolio
managers to bring Vacant high street property back into use.
Green Business Grant £886
30% of costs for eco lighting improvements, replacing light fittings with LED light
fittings and microwave sensors. installing self-contained PIR detectors to control
3 entrance lights in the middle section of the artists corridor so that these lights
were not left on overnight when the last artlst had left the building. This grant
was paid in December 2025.
Historic England £1,553
In 2025, Artspace Lifespace drew down the last of our Historic England Funding
to help develop a 3D Matterport Model of Ashton Court Mansion - catching it at a
moment of time of dereliction. Artspace Lifespace donated £661 to complete the
model with CEO Kathryn Chiswell Jones also donating time to populate the
model. The model can be used by Historic Model for schools education visits as
well as by the Friends ofAshton Court Mansion as an alternative to the in-person
dereliction tours on open days.
R•gular DonatlonslPatronag•
With thanks to our regular Patrons Colin Barns and Laura Ferrario for their
continued support to Artspace Lifespace.
With Thanks To:
Womble Bond Dickinson.. Pro-bono support for the Vacant Property Taskforce in
Bristol approx £1,500 (exclusive ofVAT)
8ristol Beer Factory.. Free Hire of Keg dispensers) for use at Ashton Court Mansion
to the value of approx a,000- used 10 times between 24th Jan and 26th July 2025
Jubel: We were donated approx £300 in free stock for an event on 15th May 2025
Bristol Bid / Seedl Training.. Beneficial support for mandatory and additional
training from this online provider. Value approx. a20.
Leador Fundamentals Training.. 10 week course - 4 all day sessions + 4 x 2 hour
sessions for our charity operations manager. Similar professional leadership
training in the UK costs approximately £3.500.
16

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Sparks Bristol Volunteers= Oct 2024 to April 2025-1,642 hours and May 2025 to
Sep 2025- 991 hours. Total 2,663 of volunteer hours donated. Estimated pro-bono
value £S3,554.
Thanks also to our Sparks Partners- Global Goals Centre and our Arts Mansion
collaborators The Friends ofAshton Court Mansion.
We extend our deepest gratitude to all our donors. partners, staff, studio holders
volunteers 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.
Total funds at year end
Flestricted fu nds at year end
Designated closing-out reserve.
Loan repayments all as of In0125
Operating expenses for 12 months.
Minimum reserves months
Unrestricted funds at year end
£304.555
General funds available
£201.550
Less non liquid funds (tangible assets and investments) IU2,5181
Free reserves at year end
89.032
Target free reserves (min. 3 months of opexl
61,205
Su rplus free reserves
£27,827
£328.516
£23,961
C72,028
£30.977
£644,818
We have designated £72.028 for closing-out costs lincluding staff redundancies,
studio holder deposits, accountancy fees, legal fees, and move-out costs). These
funds are held in a dedicated savings account to ensure these funds remain
protected and available when required.
Artspace Lifespace Reserves Calculation
We confirm that our reserves policy has been met in YE 2025.
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.
17

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
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.
As a source of income to give ASLS time to take action if income falls below
expectations e.g. grant income not being renewed
Planned commitments that cannot be met by future income alone e.g.
plans for a major asset purchase.
Going eon¢ern
Artspace Lifespace has historically operated on a self-sustaining, income-funded
model. We work from challenging buildings provided at reduced or peppercorn
rent. with overheads met primarily through earned income generated by venue
hire and the letting of studio spaces. Any surplus from earned income is
reinvested directly into sustaining the organisation and supporting our creative
community.
In the financial year ending 202425, The Island project reported a deficit, and we
anticipate continued losses into year end 2026. However, all other earned income
projects recorded a surplus, and the overall financial position of the charity
remains stable.
2025 has been a year of considerable achievement and recognition. Artspace
Lifespace was selected as one of only five Community Led High Street Innovators
nationally through Power to Change, reflecting the growing significance of our
model for community-led regeneration. We were also awarded a British Council
Connections Through Cultu re grant supporting an international collaboration
between UK and New Zealand artists- our first foray into international
partnership working.
After eight years of creative activity. we made the difficult but necessary decision
to close The Vestibules at City Hall in October 2025, having been unable to secure
the private investment needed to sustain its operational costs. While this marks
the end of an important chapter, the space's creative legacy continues through
Coe Gallery's seasonal exhibition programme and the Pride Hub, both of which
remain based there with Bristol City Council SUPFxirL This decision reflects our
ongoing commitment to financial discipline and ensuring that charitable
reserves are deployed where they can have the greatest sustainable impact.
Sparks Bristol continues to operate as an award-winning art and sustainabi lity
hub, though like all of our venues it remains on a meanwhile lease basis. The
trustees continue to monitor this position carefully and will pursue longer-term
tenure where opportunities arise.
18

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Looking ahead, the trustees are satisfied that the charity has adequate resources
to continue operating for the foreseeable future. Core funding secured through
2024 and 202S has provided the financial stability needed to meet ongoing
operational costs, invest in staff development and pursue capacity-building
initiatives. The charity enters 2026 in a stronger strategic position, with two
exciting new projects underway with British Council and Power to Change, and a
renewed focus on the long-term sustainability ofThe Island as our flagship venue.
STRUCTURE. GOVERNANCE AND MANAGEMENT
The charity's organisational structure
A WTIPAC
CEO
TIy5teY5
K4wnwJw
rwSII
rtrrtenr
FifpaThceOIficoi
ASEL
CLvdm•loro
M•n•gv
Cr•4llw•Produ¢w
FKIlrtY5
Relationships between the charity and related parties
ASLS operates a wholly-owned subsidiary, Artspace Lifespace Enterprises Limited
Icompany No.103962841, which handles trading activities on behalf of the charity.
This structure allows ASLS 10 generate income while ensuring that profits are
reinvested into its charitable objectives.
ASLS actively engages in partnerships with various organisations to further its
goals-.
The Invisible Circus-. A sister organisation with shared leadership. collaborating on
site-specific performances and community projects.
19

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Global Goals Centre IGGCI-. Partnered with Artspace Llfespace to repurpose the
former Marks & Spencer building in Broadmead into an arts and sustainability
hub, featuring affordable artist studios and community spaces.
We have Memorandum of Understandings governing our partnerships with
these organ isations to avoid potential conflicts of interest and disputes.
We are also part of other less formal networks such as the Bristol Culture
Network. ASLS is an active member. contributing to advocacy, policy discussions,
and shared cultural activities within the city's arts community, the Mycelial
Network which connects 30+ Community Asset Developers across England and
the Vacant PropertyTask Force.
How the charity makes decisions
The Chief Executive Officer ICEOI, Kathryn Chiswell Jones leads the staff team,
which is responsible for the day-to-day operations of the charity. The Board of
Trustees typically makes high-level strategic decisions including setting the
charity's m ission and vision (usually with input from our staff and beneficiaries),
approving budgets, and ensuring compliance with legal and regulatory
standards. The CEO and staff are responsible for implementing the strategies set
by the trustees, managing daily operations and making decisions related to the
charity's programs and services.
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
cu Itural activities, protection or rejuvenation of difficult and historic bu ild i ngs,
creating greater inclusion, improving our environmental impact and advocating
for arts, cultu re and heritage in Bristol and beyond.
Governing document
Artspace Lifespace IASLSI has been delivering arts services in Bristol since 2006;
formally registering as a company in 2012 and being established as a charitable
incorporated organisation in July 2016. Artspace Lifespace was set up as a sister
company by the Invisible Circus to manage the creative spaces. Our aim is to
create art spaces that are sustainable, and we advocate for the adaptive reuse of
buildings for creative purpose&
In 2016, Artspace Lifespace became a charitable incorporated organisation ICIOI.
The constitution was signed on 6th June 2016, stating that the object of the CIO is
to promote art for the benefit ofthe public by the establishment and
maintenance of facilities for artists from a variety of artistic practices to create
works, to collaborate, and to present and perform those works for the public.
Artspace Lifespace was entered onto the Register of Charities on Ilth July 2016
and started trading as a charity on Ist October 2016.
20

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Covernance & Recruitment of Trustees
As of the time of reporting for Year End 2025. Artspace Lifespace is governed by 6
trustees who meet at least quarterly. We carry out regular skills audits of our
trustees and new trustees are recruited as per the needs identified for a balanced
board. by agreement with the existing members.
We carry out an open recruitment process with trustee recruitment adverts on
our webslte, social media and through sites such Voscur. We invite potential
trustees to meet with our Chair or Charity Operation5 Manager before submitting
and to observe a full board meeting before they are elected on the board.
Arrangements for setting the pay and remuneration of the charit￿$ key
management personnel and any benchmarks. parameters or criteria used in
setting their pay.
Staff pay, including that of key management personnel, is reviewed annually
using the National Joint Council INJCI pay scales as the basis for setti ng
remuneration across the organisation. Whilst the charity is not signed up to
Living Wage accreditation, it is committed to ensuring all staff are paid at least
the Fleal Living Wage, which is typically higher than the lowest NJC pay rates.
Where the Real Living Wage exceeds NJC rates. staff on the lowest pay scales are
uplifted accordingly. Where a Real Living Wage increase does not align with the
charity's budgeted period, the uplift is applied in the following financial year., in
the interi m, staff will always continue to receive at least the statutory National
Living Wage.
A small number of individuals engaged bythe charity on an ad-hoc basis operate
on a self-employed basis. The charity has reviewed their employment status in
line with HMFIC guidance and is satisfied that these arrangements are compliant.
As self-employed contractors, these individuals are not employees and do not
accrue employment rights such as holiday entitlement. Where appropriate, an
uplift of12.07% is applied to their fees to reflect the short-term, project-based
nature of thei r engagement and to ensure their overall rate is fairly aligned with
the charity's lowest pay scale.
Since 2017, the charity has been committed to reducing the pay gap between the
lowest ar)d highest-paid staff. The pay policy ensures that no member of staff
earns more than three times the salary of another. Salaries are benchmarked
agai rlst NJC rates and salary uplifts applied at the beginning of the new financial
year.
RATES ALLOCATED FOR sfAFF
Chief Executive
Charit O
erations Mana
Venue Mana
ers
Creative Producers (Freelance)
Finance Officer
POS 38
Pol 27
Pol 27
Scale 6 SCP 21
Scale S SCP 16
er

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Senior Administrators / Coordinators
ort Administrators / Facilities
Venue Assistants
Scale S SCP12
Scale 4SCP 9
Scale I SCP2 paid at Real Living Wage
National
Artists Urnion of En
Freelance Artists
land & Bectu Rates
PO - (Principal Officer)
SO = Isenior Officer)
SPC - Scale ILevell SCP Ispinal Column Point Numberl
Trust•• remuneration/8xpènses
Trustee expenses of £236.25 for trustee training, trustee leaving gift and
refreshments for Trustee meetings.
K•y Staff Chang•s
With thanks to Trustees Clarissa Jeakings Peri Stefanou and Richard Irvine who all
stepped down as trustees in 2025. A warm welcome to Aran Dasan and Ben
Stephenson who joined us as new trustees in 2025 and Rhiannon Jones who was
appointed in 2026.
In December 2024, Jenna Graves was appointed to the Venue Manager for
Ashton Court Mansion, joined by Claire Francis18ookings Coordinator) until May
2026.
Changes to management structure in September 2024. replaced the Company
Manager role. Kathryn Chiswell Jones was appointed to the CEO role with Alice
Newton taking on the new Charity Operations Manager role.
Team Led Decision Making
Our decisions as a Board are led by the team. We schedule team member
meetings every month. This is an opportunity to talk through what's been
happening over the last month and see what staff need support with, liaising
with other venue team members for support.
The output from the team meetings is then fed into decisions made at Board
Meetings. The Board ofTrustees meets between 4-6 times a year with group chat
and individual support as needed.
The CEO is supported by monthly meetings with the designated chairlsl.
The role of the chair is reviewed and rotated among the board every three
months.

ARTSPACE LIFESPACE
TRUSTEES, REPORT
YEAR ENDED 30 SEPTEMBER 2025
Statement of Trustees, responsibilities
The Trustees are responsible for preparing theTrustees' Report and the financial
statements in accordance with applicable law and United Kingdom Accounting
Standards including Financial Reporti ng Standard 102.. The Financial Reporting
Standard applicable in the U K and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to
prepare financial statement5 for each financial year which give a true and fair
view of the state 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 accounting policies and then apply them consistently.,
observe the methods and principles in the Charities sor4P;
make judgments and accounting estimates that are reasonable and
prudent;
• state whether applicable UK Accounting Standards have been followed,
subject to any material departures disclosed and explained in the financial
statements., and
prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping sufficient accounting records that
disclose with reasonable accuracy at any time the financial position of the charity
and enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Fleportsl Flegulations 2008 and the
provisions of the constitution. They are also responsible for safeguard ing the
assets of the charity and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
Approved by the Trustees on ..23.J.uly.2Q2fj....._......................._
Signed by order ofthe Trustees
Aran Dasan
Trustee
Ben Stephenson
Trustee

ARTSPACE LIFESPACE
INDEPENDENT EXAMINER'S REPORT
YEAR ENDED 30 SEPTEMBER 2025
Independent examiner's report to the Trustees of Artspace Lifespace
I report to the trustees on my examination of the accounts of Artspace Lifespace
Ithe Charity) for the year ended 30 September 2025.
Responsibilities and basis of report
As the charity trustees of the Charity you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Acr 20111'the Act'l.
I report in respect of my examination of the Charity's accounts carried out under
section 145 of the 2011 Act and in carrying out my examination I have followed all
the applicable Directions given bythe Charity Commission under section 14515llbl
of the Act.
Independent examiner's statement
Since the Charitys gross income exceeded £250.000 your examiner must be
member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified
to undertakethe examination because l am a member of the Institute of Chartered
Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come
to my attention in connection with the examination giving me cause to believe
that in any material respect..
accounting records were not kept in respect of the Charity as required by
section 130 of the Act; or
the accounts do not accord with those records" or
the accounts do not comply with the applicable requirements concerning
the form and content of accounts set out in the Charities (Accounts and
Fleportsl Regulations 2008 other than any requirement that the accounts
give a 'true and fair view which is not a matter considered as part of an
independent examination.
24

ARTSPACE LIFESPACE
INDEPENDENT EXAMINER'S REPORT
YEAR ENDED 30 SEPTEMBER 2025
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 ernablo a
proper understanding ofthe accounts to be reached.
Otku￿ LL glyit
Joshua Kingston BS¢ FCA
Burton Sweet Limited.
Chartered Accountants
The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol BS48 IUR
Date- 23 July..2026

ARTSPACE LIFESPACE
STATEMENT OF FINANCIAL ACTMTIES
YEAR ENDED 30 SEPTEMBER 2025
UThr¢sthct¢d R¢strt¢ted Totsl F¥nds Totsl Fund$
Fund*
Funds
2026
2024
Income Irom..
Donations and grants
Chari18ble adi¥￿168
Other trading a￿bV￿"88
Investments
39.836
679,246
13,515
2.778
39.982
79,620
879,246
13,515
2,778
76.663
587.143
2.307
Total In¢•m&
735.377
39,982
775,359
666.133
ExpTrnditure on..
Raising lund5
Charitable aclwities
9.784
683.034
12.250
593.938
665.121
17.913
Total gxpondliurg
674.905
17.913
692818
606.188
N•t Incom￿(0xp•￿d1￿l9l
60.472
22.(119
82.541
59.945
Transfers be￿en lunds
17
13781
378
N•t mov•m•nt In fund*
22.447
82.541
59.945
Total fund• at 1 Oetob•r
17
244.461
1.514
245.975
186.030
Total fund8 th 30 S•pt•mb•r
17
304.555
23,961
328,516
245.975
Th• Charity h85 no r•Mgni5ed gain5 or othor IW tho frytho year as 5•t wt abovo.
of Ihfr act￿￿￿5 oftho ch•rlty ar• d•55•d ¥5 crffilnuir*J.
Th• prfor ￿er fwd compwaU¥e8 W• 8el ou¢ in rMJl8 &
The notes on pages 29 to 38 fonn part of these fknanclal statement
26

ARTSPACE LIFESPACE
BALANCE SHEET
AS AT 30 SEPTEMBER 202S
202S
2024
Fixed as&qt
Tangible asse15
Investments
10
12.517
12.386
12.518
12.387
Curront auets
Stock
Debtors
Cash al bank and In hand
259
115,198
351,202
466,659
122
63.116
278.244
341.482
12
CrndhoY8'. amounts f•lllng du• wlthln om y••r
13
1125,2401
Not £urr•rt a88•tts
341,419
264.372
Cr•dknrJ.' thmounts falllng du•
aft•r mor• than om yoar
14
125.4211
130.7841
328,Sl8
245.975
Fund•
Unre51ricted fund5
Resiricted funds
18
18
304.555
23.961
244.461
1.514
245 975
These fina￿41 si8iemems ￿*re apwoved by th& Irusie8s on ..?. 3 July..2026
on their btrhaw by.
. 8nd are $kJned
Aran D85an
Tru8tee
Ben Siephen8on
TnJ51ee
Th• not•s om pagas 29 to 38 fomi part of tho10 fvancial stat•mon
27

ARTSPACE LIFESPACE
CASH FLOW STATEMENT
AS AT 30 SEPTEMBER 2025
X+25
2024
N81 ￿tsh Inllow from owraiithg actIv￿b•&
14
77,693
50.405
Non-opor8tlonal tash IIow8'.
lfivebtlng aGtlvltl•b
Payments lor tangib￿ fixed ass•lS
Investment Income
12.1501
2.778
14.2311
2.3D7
628
11.9241
Fln•n¢lng actlvlti
Loan repayments
15,3831
15.2271
15.3631
15.2271
N•t eabh Inllowllouffiowl ltsr th• y•ar
IS
72.958
43.254
¢a•hllow Rg¥trf¢llon¥
Ch8rity lèw prohibits the use ol c48h on any end¢yrtd or ￿her 10 offset nel c•sh outftows
oulslde Ns owi objects, excw ot) special authorrfy. In praaictr. this resifxiion has noi had any éffed on c88h fl0*8
Tho notss on p•909 29 to 3B fo￿ p•rt 01th￿ 1kn8n¢WI gt•tom•nls
28

ARTSPACE LIFESPACE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
I AGcounting policie5
al The financial slalemenls have been prepared ITh acwdance V4ith Ihe hi$torical cost convenlion lexcept *there
otherwse slated in the accounting policy nolel and in acwdance Slalemenl of Recommended Practice.
Accounling and Reporbro by Chanlies preparirvJ their accwnls in accordance Ihe Finanoal Repornr
Star￿ard applicable In the UK and Republi¢ of Irdand IFRS 1021 issued in ouober 2019. aThJ I￿ Finanual
Reporting siandard applicable in the Lhiied ￿￿J00M and Republc of Irdand IFRS 1021, and the Chanlies Aet
2011.
Tha accounts lflnancial slalemenlsl have been piepared lo give a i1￿ aThJ fair Vlew and have departed from the
Charibes (Accounts and Reports) Regulaiws 2008 only 10 the extent required 10 provhle a'irue and fair vlew..
Thls dtrparture has involved AccouniirKJ aThY ReportiNJ by Charii*s". siaiemeni ￿ Rtrcommendtd
Prècbce applicable 10 chèril*S prtpariNJ their accounts in 8c¢oid8nce ￿ Ihe Finan¢481 Rtrportiry Standard
8pplicablt in Ihtr UK and RtpuNic tsl Ireland IFRS 1021 tssued ￿ Ocaobèr 2019 taiher than the Ac¢ountiNJ and
Reporting by Charitiès." Staièmenl ol ReC(xnfflèr￿tsd Pracbttr trffectNè from l April 2LKJ5 whi¢th ha$ sinctr bèèn
vilhdravm.
The chanty is a publc benefit enbty as deffi￿J urbjer FRS102. Th Tr￿St88S uffl8kJer Ih8t there are no material
uncertainlie5 affectw ihe 8b*ty of the chanty lo crrtirwje as a gtyr¥J cl￿￿ern.
bl Inve51men15
Invesimenis are $181ed èi mark81 Val￿ 81 Iha b81ance sh881 dai?. Th8 siatemeni ol F*ian&al Aciiwt￿s ItKI￿a5
Ihe nei galns and Io$s&s 8rlsing M maluat￿n5 and ¢*sposal$ thrwjhoui the year. InV8strnan￿ It) 8ubsidlarie8
èr& valL*d 81 COSI kss provi&on lor impaim)eth.
cl Flxed asséts are held ai cost ltrss acoJmulaied dtrprttlaknn. Asstt$ t4)$tity th8n £l,W) cl￿1811$8d.
DÉpr8claiion 1$ calculaiÉd $0 •$ 10 y*1￿ oIIIF* ¢osi ol assd. ￿$$ its eslimoiéd rè$xlu•l Y•luo. ovorthè u$èfvl
Ilfe of thai •$w as lolbw5
E9uipmèni- 15% par 8nnthi rodU￿Na baL8
dl D¢bltr$
Trade 8nd other debtors 3r0 recognised al tho Se1Ye￿nI amounl after any Irade discounl offored.
Prepaymenls are waK￿d al the amounl prepa￿ afier lakiThJ 8ccwnl ol anydiscounls due.
•) Credhtors
Cr8drtO￿ and pr0¥181on8 are recognised %%ttere lh& charty has a pr88eni 0￿￿ja￿)n res￿br￿j trorn a past event that
vlll probably resLII In the transfer of fuThYs 10 a third pany and the amouni io seiue the ON￿•t￿n can be
measured or esiimaied reliabty. Crndhors and T￿￿81Y recog￿￿80 at Ihar sellthent amount atter
èllowing for any di8counis due.
n Cash al bank & In hand
Cash 81 bank and ￿$h in hènd indudes cash shtsrt hwJ14y INU￿ investments a short maiurfty of
lh￿t months or ￿$$ Ir(Nn the date Olawuisth￿ or opnir¥J ol the deposit or simi￿r atthunt.
gl Income trom donaiims is In(knled in irKome wthen these aw recewable. 8X£*Pt as I￿1￿..
11 Mlhen donors 5peryfy Ihal ¢onalion5 gwen to charity must be used in firture occwnling period5. the income
Is deferre(J until Ih05e penods..
Ill When doTh)rs Impose condiliw5 ¥b*ich have lo fvAfiIW before It￿ tharity becomes ¢nlrtknJ to u¥fr ¥
Income, Ihe Income 1$ deferred unlil the prtrcoTrJib"w$ h•ve been mel.
h) GRnts are r8cognlsed In in the siaiemem of Fin￿￿81 AcM*dS year in thoy are
reCeiva￿elp8Yab￿. All maiertal grnnts are discjosed In ac￿dance *ilh the Statemeni of Recommnded
Prathce.
11 Legaues are recognised when Ihe thaiity is le9alty enirfied 10 the *acy am(¥mt CAn te ouantffied wth
reasonable accuracy. entit￿ment Is regatded as the earlerof the chatity bemg notir*d of an imk*ndiNJ
distribution or the legacy being retswj.
29

ARTSPACE LIFESPACE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
I AGcounting policie5 IGOlltinuqdl
jl Expermliture Is recogn15eil In ￿ penod in which it is rKurred. ExperKldwe Ind￿e5 aItn1xrta￿ VAT cannot
be recovered.
kl Support costs are allocated enurely lo charilabk athlies. Go¥em8nce costs indude ts costs Ithch relate lo
meeting the consliilrt￿n8leftd s18lltl￿ requ1￿men1$ of1￿ (harffjt.
11 Unre&trKted funds can be u&ed in ar￿[danc* with IhE dwrilablE obje(ts at the di5rxeti(N4 of the ttU51ees.
ml D8swJnatsd funds are fLV)ds stri aS￿tr by the trns￿s olunrt￿r¥#*d general funds for spetifrt future putPOS8S
or projects. Designated funds may btr rtrdtsWai￿ rf. th the wnion ofthè trustsès. a L*aNJ8 in c4rcumstsnt&$
makès this approwai•.
n) Reslncted fvnds G4n only be used lor partiujlar reslrided purpDSes wthin abjeds of the tharity. Restnctio
arise when speafied by Ihe donor or ¥then lunds are raised ￿ parts￿laT restricted puwes. Expendrture
meets these criteria 15 charged lo the fund. together ¥Mlh a fair aloca￿¢￿Tr ol management and 5UPPOrt costs.
Further extyanalion of the nature and purpose of each furKI J5 Ind￿jed In Ihe notes to Tr finanual 51atemenl5.
2 In¢•m• Irom.. don•tbon8 and gtarbts
Umr•8trfetsd R•btrfetad
Fun
Fuhdb
Total Funda
202S
Donoiion5
Don3lions in kind
Grants
2.494
2.494
37.344
39.982
77.326
39.838
39.982
79.820
Prlor ye•r comp•r•t
UnMtrl¢t•d R￿1￿¢1•￿
Fut)
Fut)d•
Total Fund•
2024
Donations
Donation from Artspace Lilesp8c* Enterprises LlnNied
Donations in kind
Gr8nts
977
10.939
10.000
11.212
977
10.939
10.000
54.767
43.555
33.128
76.683
Grants rectyved Ind￿S iho I￿￿n9 go¥errfflonl grwts..
2c*26
2024
Brlslol Clly Coundl
Arts Councll
Wesl of EnllIar￿ Comtdned Auth¢xSty
The Britlsh Counol
17.3H
8.672
24.991
22,3H
35.227
Don3lion5 in kind amounlin9 lo Nil12024." £10.(KX)I relate to donated professional Sery1￿ in re5ppL1 of the
Spatk5 wojec¢.

ARTSPACE LIFESPACE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
3 Incrffifr from.. charitab￿ activilies
Unrestricted Restricted
Funds
Fund5
Total Funds
2025
Room Hire
Studio Hire
spa￿ membeT5hip
Events
351.155
311.067
15.901
1.123
351.155
311.(￿7
15.gD1
1.123
679.246
679.246
Prlor ye•r ¢pmp•r•tl¥g¥
LlnrHtrfctsd Rwtslcted
Fun
Tol•l Fund•
2024
Ror￿ Hlro
Studio Hire
Spac* member5hlp
Events
313.968
258.320
13.81
1.024
313.988
258.320
13.811
1.024
587.143
587.143
4 In¢wno Irom.. oth•ltr￿1ng act￿5th¥
UnMtri¢t•d R￿t￿¢t•d
Total Fund•
202S
Man8gemeni charge- Artsp8c* Lrfe8p8ce Ertew Limited
13.515
13.515
13.515
13.515
31

ARTSPACE LIFESPACE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
S Exp•t)dltur8 on: charftabl• aciivhl
Unrngtrictsd Ro8td¢t8d
Total Funds
2026
Dlr8¢t Costs
staff costs
Events expenditu
Donaiions lo projeds
Support ¢Mts
Suppm staff costs
AdmlnisIr￿i0n
Mètheiin9
Reni and rates
Prtmises and deanin9 COSIS
Heal, 11ghl and waiÉr
Mainieninte co&is
Depreciaiitsn
Insurance
Proles5ional fee$
Finance costs
Govorn•nM ¢o•ts
Accountancy
Twslee expen5e5
Independent examp￿￿5 fee5
48,662
8,743
49.$68
8.993
250
301,350
13,696
10,084
147,192
30,828
46,553
31.625
2,019
6.995
7.584
1,788
9,465
310.815
13.696
10.862
147.192
30.828
46.553
32.655
2.019
6.996
13.(￿$
1.788
778
1,030
5,484
1.905
236
4.197
236
4.197
Totsl expenditur• on th8rbtsbkry a¢bw1￿8
865.121
683.034
Prlor y•ar compar•tl¥•*
UnrnAtrict•d R•Atdct•d
Toial Fund•
2024
staff ttosis
Events expendiiurtr
Donations lo projed5
support ¢o•¢•
Support staff co$tS
Admin151rallon
Marketing
Renl and rates
Premises and c488nlno c0518
Heal, Ilghl and water
Malnlenance costs
Depreclaiion
Insurance
Professional fe88
Finance costs
Governance
Accountancy
T￿slee expenses
IrKlependenl examinefs fees
55.409
2.¢)07
2,011
18,201
57.420
20.268
60
205.￿0
13.569
2.400
103.840
37.853
53.th19
37.515
1.688
6.252
10.222
1.731
26,827
232.727
16.533
2.796
103.840
39.417
53.cfjg
42.127
1.668
6.272
10.222
1.731
4.812
20
1.491
167
4.110
1.491
167
4.110
T¢)tal expenditure tsn tharittib￿ actMi*S
537.283
593.938

ARTSPACE LIFESPACE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
6 Net inGomel lexwnditurel forthe yoar
This is stated after charging..
2025
2024
Deyeciation
Independent examiref5 fee
2.019
3.270
357
570
1.688
2.970
yo
600
- current year
- rfftor year ovwl wderpro¥ksi
- other$ervi￿5
212024.. 31 Tr￿1868. ￿re reimbursed eyn88s am¢￿t￿ lo £7712024.. £1671 rewirffj lo trainiThJ. meelTrJ.
Iravel and subsisten￿.
7 Staff cost• at)d numb•r•
The aggregate payrdl cosls ￿re..
2026
2024
Wapes and sal8rfe8
Swal secunly cost5
Ern￿Oyer.5 pen51M cwthbvliw5
Conlracled $iaff
270.356
15.407
186.402
9.253
3.677
135.549
57.179
348.442
334.881
No employee received ￿olUmentS of more Ihan £60.OtKs.
The average wéèkly numbèr ofemployees during the year. calcAlaied thè basis of 8 hèadc(vJtt. WAI as fol(M&.
2026
2024
No.
He8dcounl
20
21
20
21
The Iruslees cm511Jer Ihe key mBnagemenl lo themsel￿$. Ihe CEO and the Ch•rty Oper¥tk)ns
Monager Dwing the year. they received lolal reM￿r￿raIlW of £69.83312024. £38.4711.
8 Tax•tlon
The chadly is exemw from cowalion lax on fts tharilable actMO88.

ARTSPACE LIFESPACE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
9 Fund Gomparntives
Unrestricted Restricted
Funds
Fund5
Total Funds
2024
Incoffle frorn..
Grants and donakn￿5
Charrtable aclwrties
Other Iroding actwibes
Inve51men15
33.128
587.143
43.555
76.683
587.143
2.307
2.307
Totsl In¢offl?
622.578
43.555
666.133
Exp•t)dltur8 on:
Fundraisiry
Chariiablt aciivki&s
12,250
537,283
12.250
593.938
56,655
Total •xp•nd￿UV•
549,533
56,855
8C6.188
Not Incomollexpondlture
73.IMS
113,1001
59.945
Transfer5 between funds
N•t movomont In lund¥
73.045
113,1001
59.945
Total •t 1 October 2023
171,416
14,614
186.030
Totsl •t 30 S•pt•mb•r 2024
244,461
245.975
10 Tanglbl• Ilx•d a•i•tr
Equlpmnt
Tothi
Cobt
Al 1 Odob¢r 2024
AdiJib'on5
24,779
2,150
24.779
2.150
AI 30 September 2025
26.929
26.929
Dopreclatlon
Al 1 Oclober 2024
Ch8roe for Ihe yo8r
12,393
2.019
12.393
2.019
AI 30 Septtrmber 2025
14.412
14.412
N•t book volu•
AI 30 September 2025
12.517
12.517
AI 30 September 2024
12.386
12.386

ARTSPACE LIFESPACE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
11 Investments
202S
2024
Subsidiary
Induded in investments In year is £1 nomin81 inveslment reLqbrMJ lo Artspace ￿respeCe Enterprise$ Limw.
Ihis enlily is a vtholty owed subs*li8ry by Artspace bfespace CIO.
Artspactr LItssp8ce Ethtrrpdstrs limit￿ 1$ Ihtr subsvJi•ry of ihtr incotporated organisaiion. DJring thè
year, thè profil aftèrtax amouniéd 10 £27.789 {2024. k)ss 01£5.6861 with ¥etsintrd rtrser¥ès bbing £24.OC612024.
negaiivtr £3.7831.
12 D•btorn
2026
2024
Tfadtr debtors
Prepayments and acGrwd inGome
Amounts by 9row undertakings
Othor debtor¥
67.822
43.560
816
29.427
30.689
3.(K)O
115.198
63.116
13 •mouTht• hllln9 duo wHhlr* one yur
2026
2024
Trade creditors
Bank loan
Accruals and deferred I￿orne
Taxalion and sodal se￿r
Other creditOIS
39.703
5,556
51.492
5.175
23.314
20.547
5.556
24.541
3.570
22.896
125,240
77.110
14 Cr•dhthy.' amounts falllhg du• ￿*rM0￿ th*n on• y￿r
2026
2024
Bank loan
25.421
30.784
25.421
30.764
The baTh*108n w85 unsecured.

ARTSPACE LIFESPACE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
IS Reconciliation of net rnovqmont in funth to net &iBh inllowfrom opBrating athii
2025
2024
Slalemenl of Financwl AdimI￿S.. Nel movement in fwx15
82.541
59.945
Investment ir￿e
Depreciation
(Decrease) in creditors.. current l18t41￿S
Decrease I Iirueasel In debtors
Ilncre8sel I deL¥8ase in slo
12.7781
2.019
46,130
152,0821
12.3071
1.668
19.3651
444
Net u¥h loutllowylnllow from ow4Un9 4¢¥¥HI•¥
77.693
50.405
16 Ahltyili ol ehang•b In tabh durlng th•
2026
2024
Chang•
Cash al bank and in hand
351.202
72.958
202J
¢h•ng•
Cash al bank and In hand
278,244
234,990
43.254

ARTSPACE LIFESPACE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
17 Moven*nt in funds
At10ct
2024 Incom ExpBndiiur• Trdnbfevts
At 30 Sep
202S
ilnrostslct•d fund¥
General funds
Design8ied funds
C1051ng out reserwe
Loan reserve
122.244
735.377
1674.gJ51
18.834
201.550
72.028
50.189
72.028
30.977
74.905
378
304.555
R88tYfjciod lun
Hisloric England
F￿r 10 Ch8rKJe
Cora Costs
Arts and Philanthropy
Conr*ciions T￿Ough Progrnm
1.514
11.5001
18.5351
14
8.947
15.000
17.482
15.ri))
12.5001
15.3781
378
1,514
17,913
378
23.961
Tot*1 furbdts
245,975
775.359
892.818
328.516
Prlor yur ¢omp•r•tl
At10¢1
2023 Exp•nd1￿[* Tr•n•l•
At 30 S•p
2cI24
General lunds
De8*naied funds
Closing out ￿serVe
Loan reserve
67.312
622.578
1549.5331
122.244
48.370
55.724
23.858
15.5451
72.028
50.169
171.416
622.578
549,533
244.461
R••tvlct•d fund•
Sparks
Art¥ Coundl
Hi51oric Engl8nd
Core Cost¥
8r158es
We51 of ErvJlaTrJ Comt4n8d Au¢hry
I3,1C￿)
1.514
24.991
8.0911
1.514
1S.(i
11S.1)001
12.0001
11.5641
14.614
56.655
1.514
Total fundB
186 030
fil￿188
245 975
Arts Council- funds received itswards costs of Sparks b￿r￿j an expeThnenial centre forart$ & Sustsinaknlity 10
help ctiti￿11Y rethink the cutrenl urban rn￿15 & lest r￿$1[al￿1e5. Spatk& aims to proYKle affordable & free
exhibition. studio. $ustainab12 ￿tall arKI R&D spao. efftth'ny artists to L¥eate ￿ucational & Lreative
experien￿5.
Historic EnglÈnd- funds reoNed tts¥rards hEtiiage art wjtkshops.
Wesl of Ervalar￿ Comtdn8d Authuiiy- funds rec•¥ed forth8 pwtha88 OICCTV Equ1pft￿rt at SpaFk$ Brfstol.
BrksBes- Fundiry for 6 Dp5k Spa￿5 fr￿Si¥ fftonths at Spark5 Bristd &i5tol Refug￿ AJts C(klective IBRACI.
37

ARTSPACE LIFESPACE
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2025
17 Movomèrt In fund& lcom￿nU￿)
Power 10 Ch8nge
This fund represents granl fundiry ffrcth Pr*AEr 10 Ch8rMJe lo support ¢ommunity-led h￿h sireel regeneration.
In&uding dewebping ￿s. partrwships. 8TrJ prwls th brir¥J vacant cffjmmero81 prOpert￿S bad( Into
community use.
Core c0515
This fund rewe5ents u)re grant fundirwJ from NisbelTntsl and G￿fidd Weston to SUPFK)rt organisatK)nal
restructuring and capaaty buikling. indudirvJ S￿￿tI￿nIr￿a and M￿agement rol25 lo enGLY2 the lor
term 5U51ainabilty OfArtSpa￿ Lrfe5Pa￿.
Arts and Philanihropy
Thls fund represents grani fundSrMJ Irc4n Cause4Lld lo delfver ariisl supwt %thshops. pro¥Adlry uealiv8
praetluoners ￿th prèthic81 skills In finarrte. maik8iiThJ. bu81r￿$S p18nwo, and ￿981t$Sential$.
Connection5 Through Culture Programffle
This fund5 represents fundiw recewed trom T1￿ &*"sh Cwnrj. The 8Th of th8 kyoiect i410 uni18 contemporary
dance PfaCDIi￿rS to ueale 8 pwrhJl (￿8¢6 ehTdoriTrJ dimate (ffisi$.
D••lgn•t¢d
Closing out reserve- lunds sel awde by the Iruslee$ ltywards 5taft redund8nDe$. $iudio hohY8r deposit5.
a￿O￿nIan¢Y. legal fees and move wt costs as a cwlirMJew Ihe evenl of the r*8nty n8ediThJ to d05e.
Lo•n r888rvè- fuNJs ￿ asWJ& by Ihe tru•toai ttrwath m¢¢l*Yd thè l8b*s.
18 An•ty•l• ol n•t a••ets ￿•￿￿n lund•
T•nqll>l•
In¥•sth*M* Flxed a•8et• N•t
Year •nded 30 Sept•mb•r 2020
Total
General funds
Oesignaied funds
R•#1￿Cl•d lun
12.517
189,032
103,005
23.961
201.550
lo3.C￿j5
23.961
12.517
315.998
328.518
Yg•r •nd•d $0 S•pt•mb•r 2024
T•nglbl•
Inv•¥trr*nt• Flx•¥ ••••l• N•t u••t•
Tot•1
Unre8tvlct0d fvndB
Gener81 funds
Designated fund$
R88trlciod fun
12.388
109.857
122,217
1,514
122.244
122.217
1.514
12,386
233,588
245.975
19 Ralat•d FArt
Art•ycfr Llfv¥p•c¢ Ent¢rpvl¥v Llmbtgd
Trustees JS Fraws, WA Penhaul and ACS CW are 8180 dY8Ctors oltt* companyArtsp•c8 ￿r¢SpaCe
Enlerprlse8 Limited. a subsHliary of the tharty.
In the financial yearended JO Seplember 2025. Art5Pa￿ LrfeSPa￿ Enterprises Lim￿1 paid £6.258 12024."
£10,939) lo Art5P3￿ Lrfespar*, and tB1612024." £Nill wa5 due the chanty al the year erxl.
In 8ddilion. Artspace Lilespace paid £Nil12024' £NI) lo Artspace LrfeSpe￿ Enlerprises Limited arn1 Arispa
Lrfespace Enterprises Limited pa￿ EN￿12024.. £Nill 10 Artspace Lifespace in respect ofoverhe8d5.
There are no other related paty Iran5aclion Olher than Ihose disdosed I￿￿hoth the finanial statements.