Cornp8ny T¥g1Str8tic￿ number. 10007655 Chariry w'.$tr8tion number. 1169347 Our Space (Staffs) Limited krKv4n as Our Spac9 IA ￿rnpany limited by guaranteè) Annual Rew1 aThJ Finan¢id StatemBnts for th8 Y8ar ErwJ8d 31 Mar(* 2024 Daryl Denson A VAST The Dudson Centre Hope Street Hanley s10k￿on-Ttellt staffordshlre ST1 50D Our Spaco (Staffs) Limited known as Our Space Contents Rèference and Adrninistrative Detals Tnths, Report 2to8 Ind8penrtent Examlnevs Report statement of Flnandal Actiwti85 10t0 11 Balonce Shè81 12 Notes to the Flnancial St8t8m8nts 13to26 Our Space (Staffs) Limited known as Our Space Reference and Admlnistrative Details Trustse8 HanTrah Dean. Tre8sur8r Faye Johnson, Secrelary Christina Loftus Sanltt Managementl L¢ader8hlp Jane Smrth, Head of ChaTiIy Tgam R•gtstar•d Offic¥ Th8 BrLxJk Centre Stanier Street Ngw¢a¥Ue ur¥Jer LytnE Staffordshire STS 2SU The charity 15 Incorp(rt￿ In England. 10)07655 Company Regl8lratlon Number Charlty R￿l$tratIOn Numbgr 1169347 Bankèrs N8t Wèst Newr2sUe Higb. Slree*. N8WG98I9- Undorlyme Staffcffdsh Ind8p8ndent Examlngr Daryl DenSL￿ ACMA VAST Tho Dudson Centre Hope Street Han18y SIOk￿n-Tr8nI staff0￿sh1r8 ST15DD Page 1 Our Space (Staffs) Limited known as Our Space Trustees. Report {incorporating Directors. Report) The trustee5, who are dI￿￿tOrS for the purp)ses ot company law, kwesent Ihe annual r8POrt togèther wlth tho nanci*l $talwn6nts and d￿jitOrs, rtswt oltha charTta140 company forthe year ended 31 Mard) 2024. Charlty OveThlew Our Space (Staffs) Ltd is a tharity sel up In Febw8ry 2016 lo prowde acbvib8s and fraciliti8s for thildr8n and 8dulls wltt) dlsabilltles and th6irlamdies. Based at Thg Brook Centre. N8WC95d￿nder-LYMe. our prern￿ provide 5peoaiist fraGlllties neEdad In ￿er to be able tcp delfver a fijI￿a￿S￿￿e seTric*: ourvariety of sessions are run by a learn of paid Staff wth support from volunteers. The 2023-2024 year h88 8een our Servi￿ prowi$ion ￿ntin￿O to grtrwwith o lull dk8ry Ihroughout tha yèar and 8 Steady inctease ill nurnbers at ses51Dn5. We have a150 had a suc£essfvl year financially, wilh us fina]ly achWlng Iwèlve months of 8elf-SUStainability, generating enough incotnethst have not needed to rely on any grant fijnding during the year. We are imm8ns81y pr(MMJ of th￿ ach￿ve￿￿nt Our next n)ajor project 18 now the fvll refuloishment of our ouido(x area and thi8 is ￿rrentlY 8 main 8re8 offocus for the Board and management team. Hans have bgen delayed *htly. but we now have designs and quotes and we hope to be In a posluon to statt ap￿￿n9 for grant fvndlng In Autumn 2024. Much of the existing play equlpment is reachlng the end of Its workiro I￿e so our alm ts to be able to brftvJ our plans to INffjon by tha end of 2025. We already have £67.500 deswJnated to our out(k)or refurbishment fund which will 51and u5 in g)od stead when appjwng to grantThJnders for additvjnal suppJrL We are looking fo￿ard to coming year with ho￿ and enthu&asm. ot4ectfves and a￿vItIeS ObfvGts andaims The purpose5 of Our Spac8 as S8t out in our ArtTrdes of￿￿￿ation ar8.. -To promote the benefit of chldren. ycwMJ peO￿e and aduts a disablity linLkndlThJ learniry disabiuty. rAhysical d%sabilty, sensory irnpalm￿nt, beha￿OUr￿ aryl errnlh)nal dh￿c￿tIeS), WIth￿t distmction of gander, sexual orientatlon, race or indmdual finan£aal tneans. or ol Frftial. relvJious OT Othet Dplnlons by the provLslon ol F4ay, sithl and ￿ucatiOnal opptsFbJn￿e$. -To provide Opportun[￿88 for Ihe farTllI￿ of su¢h thildren. youro p8op1e and adults tri obtain r8spMe and supp(Yt. Publk benefft Our main a¢tiMties in the 202&2024 year were 1he ptoviswJn of *s*on5 Its benefit ehihyten. young peop￿ and adults with a disabuity and theirfamdiES, and fundr8i5ing &tiwties 10 8naLI8 US to provide these sesslDns. The trustees c£snfirn that they have com￿￿￿ wrth the rBqUiTements of S￿th0n 4 oflhe Charities Act 201110 have due regaTd to the public ￿nefft guidan(x published by the Charity Commwion for Englanrj 8nd Wd83. e2 Our Space (Staffs) Limited known as Our Space Trustees. Report {incorporatlng Directors. Report) Athlevoments and p8rfonnance Sèsslons •¢tlvStlos provlded Durlng the coursè of the year Our SpaTr ptOVNJed.. (al Evening Club Sessions Our Space Juniors takes F4ece every Tuesday eveniwJ for ChIldr￿ vAlh a dk%ablity agèd 8 to 12 ye8ra. Our Space Seniors tak88 p18(% every Thursday wing forywng p8orAe aged 13 to 18 yea Our Spaco Plus+ takes place evory Frfday eveniThJ for you¥¥J adums aged 18 upwards. I these dub sesslon5 provlde rn￿berS ￿th the opp)rtunty to meèt with frietmls, sociali5e a￿1 fake p8rk in recreatlonal athlues - for son* kni5 15 their Dnly Social adÈvty and the only opportunity they h8v9 to galn independence away from 1heir P8Tentsi carers. Over the 12-rnonth ￿riod, the thm Offe￿ regularweekly Flacts to 50 chiklren. teenagers and young adults a￿1 saw a fooffal of 1584 young people. (bl Adult DrDP-In Sessions Our Spa¢9 Adult Social takes pl￿ weekly on 8 Wednesday evening. These S￿On5 are for anyone over tho age of 18 whok ha5 a di5abilsty to atteryj ￿ther irTrdeporMlgnty or 8 carer. Th8se sessKm had a fooffall over the 12-month period of 1094 teenagers and 8duhs with a disatxlity and 482 carers. Our monthly disco, for anyon8 OV8r th8 age of 16 who has a disabilty, runs on the last Satur(lay of &aoh month. In th8 12-month period, disco was attend￿ by 331 leenagets a￿1 adurts Mth 8 dls8bilty and 71 c8fgrs. Icl Famli y Sessions On8 of our most popular 8essions has a￿y$ been our we*W Saturday aftèmoon f8Thily sèssion which tan be attended by any lamlty that ha5 a chld with a (5isatMltty. It 15 an opwjrtunity for th8 W￿18 family lo attend together. for parent5 tD meet each olbkr, gain mutU81 support and r8kx whilst their Children. both wth and wrthout disabilitiès, Can ￿aY in a saf8 and stimulatiro en¥ironrrenL AddllionJ lamtty sessths and family fun ¢Jays also t¢Jtsk rAaee dvring sth)ol holiday3 and on Sund8ys, with speaal activ1￿'t8 being prowded induding drumming, dan￿. bush(xaft 8nd vwts fr￿n th8 Animal Man as w811 as Teddy and Cados Ihe alpa(xsl We have also run reg￿r famty se￿On￿ s￿IficallY for chiklren wlth a dlsabll aged O-5 years and these have proven to be popular. The 2023-2024 year has really seon att￿dan￿ at famly sessions ￿￿keL In ￿ 12-rnonth p8ri0d, f8rnily sessions saw 1439 famlly visits with 2143 chli d￿n and young p80plo 11759 wilh a disability) and 2193 parent51(xier5 benpfitting fro￿ them. We cuTh9ntly have 303 indNhlual famllies w￿1 are members of Our Spacè. Page 3 Our Space (Staffs) Llmited known as Our Space Trustees, Report (incorporating Directors. Report) Idl HcAlday Play$themes Hollday kgaysthemes took p4ac8 in th8 2￿23-24 year during the Easterand $ummer holiday8. Chlldren and young people 8tt9nded F4ayschem8 for eÈther a [r￿ing or aftémctjn s￿￿n. ￿ stsyad for a fijll day., as w811 as hamng ac¢8s6 to all Ihe fadlRies at Our Space. they also had the opp￿t￿nity to tske part in special actiwties such as rnusic 5e55iOnS. 5FX)rtS S8sSK)[￿ alld (xaft activibes. CWerth8 year. 101 pla¢8S Wer8 offered at pLqystheme to thadren and ywro pwple wlh a di5aL¥lity. lel Schod and Gr￿p Visits During th8 W88k, term4irn8, and at avaibble times at the w88kend and durfng school hdidays. sp8ciai schorAs and groups are able lo make prfvato LKK)kings to rnake u58 olthe fac￿￿eS atTh8 Brook Centrg. Over the last 12 months, 357 visits w8r8 made by 8p￿￿￿1 s(*o(As and C￿ege$ In the ar6a and by other 5UPPOrt groups. 8$ w•ll as by som8 Iocs1 adult P￿s1ons. In lotal 2143 chIkI￿n adults with a disabil￿ty Mstted wth th888 group5. Our dlary Is currenuy fully boo￿ tswe8kd8y group vi8ils until January 2W25. (Q Almlng Hlgh A(a[V￿e$ Our Spac& cont'nues to through Athn for Chlthn to prowdè thDrt bro8k actiwtiès 88 P8rt of the Stok6-on-Tr8nt Alming Hlgh prD3ramrne. In the pgriod we have provided for dwtAed children 8nd yourMJ peopb at our holiday famlly sessi￿8 and famlSy lun ¢Jays. as wèjl 8$ Wtting on s￿181 famityfvn days exdLtswÈly f0rAJm1￿ H￿h lamilies. Fundralslng ActIvl￿4 The 2023-2024 year saw us organise ourfirstswisoted event ￿nce before the pandernic and 8 healthy r8￿rn lo 18ryer scale furKlr8ising. This has been necessary for us to be able to mget the e¥er-ri8irTrg njnning o)sts of the charlty. In September Z023 we organised a tharTty abseil event fTom Milkgrs Dale BMJge In the P￿k DlstrfcL A team of 33 took on the chalknge Ihe rrWgnifi(￿nE total of £7273.61 vras ralsed. In addltbn to Dur swnsored ab58il. in Juty 2023. Tntstse Faye deaded to brave the shavè In a sponsored head-shave. The event look pla(x during a Sattjrday *mily S￿(￿) and Th lfvstrttamed on E)ur Facebod p8g8. Fay8 fdised a marvellous £￿9.72. she15 now Flannlng her [￿xt chalenyel Durfng the ywar w8 otganisgd Easter and Christmas raffleswhich ralwj a i(>tal of£944. AISD In Septembef 2023. we suppNted lh& lthights Ternp48r UK in th8ir fvndrai8ing for us - they held a Faml Fun Day event at oyr premlses wvth ￿￿￿c, a BBQ and a v￿rt from the Harley Davidsw Motorcyde Club. They raised £62D.78 and we thank U)om foitheir ongwr4anc& and management Naturg Olgovemlng documenl Our SpaGe Istaffsl Ltd Is a Company Limlied by Guar8nEe8 and a Registared Ch*lty govemed by its Memorandum arK1 Athcles ol Assooalkjn. wttith were last amend8d on 31 May 2016. Raerulthi•ntand 0ppo1ntsn￿t oltmslees Our Space is governed by a Boaril ol Dlrectors. The￿ are ￿rren￿Y4 ￿reCtor3, Ixrt 8 m8Mmum of 12 can seNe on the BoaTd. Any family wth 8 Chi￿ or young pewson sYth a eisabilty can aptty to Our Space to become m8rnI￿r8. On becomkng a member, they r2n then Mminate Dirertor5 for d8Cth)n to the 808rd at the AGM. The Board cAn 8180 appoint 8 p6￿￿ wlliro to a Dir8Ctor and can cwt IndiwdualB to the Board., th85e appointments would th8n b8 rdtified by m8Tnbw5 at the fdlowing AGPI. Inducllon and tralnlng of Iru5tees All Directors receive inducthon tr8ining and r8c8Ne a handtwk of pdioes arvj [￿cedUreS. TrainSng sesslon6 arg Identifled throughout the year ￿at￿lI benefit Directors in the governa1￿ of th9 Charity. SM￿1 companies provlslon Btatement This r8POrt h8s been prepar8d in 8￿an(* the small companies regin* under the Companies Act 2￿. The annual reportwas approv&J by the tru5te8s oflhe charity on and signed on its behalf by: Hannah Dean Tw8tee P&J8 8 Our Space (Staffs) Llmlted known as Our Space Independent Examlnerfs Report to the trustees of Our Space (Staffs) Llmlted (Yhe Company,) I rèport to the dwity trustees on my examinal￿n of the arAxunts of th8 Company for the year 8ndèd 31 Marth 2024. R•sponslbllitie¥ and ba¥is of Teport As the chartls trustees of the Company (and also its dtrecaors for Ihe purp089s of wrnpany lawl yw or8 re8ponsible for the prBparubon of tne awjnts in accordance with the rtqutrgments of th& Companws Act 2006 I'the 2(K)6 Act'i. Having Sa￿8￿ed my5ell that the ￿OUnts irf the CO￿panY are not tequired to be audited under Part 16 of Iha 2006 Act and are eli9ibt¢ frjr 1nd8pè￿t Èxamination. I re￿rt li respect of my examinatbn ol your chad￿6 awcwnts as r2rfed out under sedon 145 of th8 Charfb'8s ArA 2011 IYh8 2011 Act'l. In caryiNJ out my examlnatK)n I have follrywed the DI￿￿￿￿$ given by the Charity Commission und8T S8ction 14515Xb} ofthe 2011 Act. Indèpendent examlnels stalement I h8Vg complet8d rny examin8t1￿. l confirm 1hat no matters have lo my attenb.on in ￿nnectIOn w4th the examination 9iwng mg eaus& to bd*v8: ac(xJuThting r8cords w8r8 not kept in r8SPeCt of I￿1r Sp8C8 Islaffsl ￿MIl8d 8s r8quir*d by 50Ct¥Jn 386 of the 2006 Act,. or 2. th6 accounts do not de￿d Imth those reD)rds' or 3. the accounts do not o)mply wrth the ao)yJnb"ng requ1￿Ments of serth 396 of Ihe 2(X16 Act oth8r than any requirem8nt that th8 a¢(xxJnts gNo 8 Inj8 and lair is not a matter co",Isidered as part of an iné8pendent examination- or 4. the ac￿unt$ have not been prepared in a¢3))rdan￿ wilh ￿ melhcmjs and wn¢lFAes of the Statem8nt of R9comrTT8nd8d Practic8 lf IreL8nd {FRS 10211. I have no concerns and have ￿)rne across no other matters in cnnnethn with th8 8X8rninatlon to whlth att•nOon should be drawn in this ￿port in ofder to enaWe a proper understsNliw of.th&8C￿U￿tS io be rEathed. enson ACMA VAST The Dudson Centre Hope Sireet Hanley StDke-on-Trent Staffordshire ST1 5DO Date.. Page 9 Our Space (Staffs) Limited known as Our Space statement of Flnancial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account) Totsl 2024 Reslrict•d Incgm8 and Endowments frrjm.. Donations and leg￿e$ Charit8Lle a¢tlviti88 othertradlng actlvlUes Investrnent income 17.238 88.169 12,654 8.823 17.238 88,169 12,654 8,823 Total Income 126.884 126,884 Expendlturo on: Raislng funds Charitable aolviti'es 11,4341 111.207 11.4341 116,109 4,902 Total Exp8nditure Net inwmellexpgnditurel 112.641 14.902 117,543 14,243 4.902 9,341 Net moveM8￿t in funds 14.243 I4,￿2) 9,341 Reconciliatlon of fvnds Totsl funds broughtlt¥ward 276.638 156,922 433.560 Total fund8 forward 17 2Y).881 152.020 442,901 The notes on page5 13 to 26 fomi an integral partof these finan￿￿ statements. Page 10 Our Space (Staffs) Limited known as Our Space Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Lcount) Comparatlv8 Information for tho Provious Yoar Total 2023 Unrethcted Re5tr1cted Income and Endowments trom: Donations and1898ri8s Charitable &c￿vIl.e$ Other',rading adMti¢s Invastment Income 69.984 79.821 4.851 4,010 32,807 11Y2.791 79,821 4,8S1 4,010 Total Income 158,686 32.807 191.473 ExpondlbJr& on.. Rai6iTrJ funds hBritaL4e actw*ties 12431 67,610 12431 140,711 73.101 Tolal Exp8lldthre 67,853 173,101 140,954 Net incomellgxponditurel 40,294 ,519 Net movement in fijnds 90,813 140,2941 50,519 ReconcIlla￿On of fund5 Total fvnd8 brought forw8rd 185.825 197,216 383,041 Totsl funds carri8d forw8rd 17 276.638 156,922 433,560 All of the charltys activities derivo from ￿ntinUIng operations duriThJ the alb)ve two pericrfls. The funds bre8kdovm for 2023 is skwn in nole 17. The notes on pages 13 to 26 form èn integral part of Ihese financia statements. Page11 Our Space (Staffs) Llmited known as Our Space {Registration number: 10007655) Balance Sheet as at 31 March 2024 2024 2023 Flx•d assots Tanglble assets 13 72.935 79.280 Current assèts Debtors Cash at bank and in hand 14 1S 7.803 364.980 6,764 349.(￿9 372.783 355,833 Crodltors.. Amounts fallSng due within one Jwr 16 2.817 1.553 Nat eurrant a#88ts 369,966 354,280 Net assets 442,901 433,560 Funds of the charlty.. R8Strtctad Income funds Restricted funds 152,020 156,922 Unrestrfcted Income lund$ Unfe$tJKted funds 290,881 27e,638 Total fundg 17 442.901 433,560 For the finanoal year ending 31 Marth 2024 th8 charitywas entided to exemplw from audlt under sathon of the CompanSes Act 2￿6 re18ting to $rn811 wmpanw. Di￿torS. responslblli1S0s". The members have not r8quir8d the charity to obtain an a￿lit of ils ac(¥)unts for the year in question In 3(zorda[￿e wth 476.. and Th8 dir8¢tors ad(novledge their rO¥￿Si￿1￿8S for complwng the requirements of the Act with ie5pect to accounts.ng records and the prepardtion of acrvunLs. Thefi al 51atements on wes 10 to 26 were approv￿1 by th8 ItUSt88S. 8nd autlKJris8d for issue on nos &gned on thelr behaw ty. Hannah Dean Trusteè The notes on pages 13 10 26 form an Intogral part of these statements. Page 12 Our Space (Staffs) Limited known as Our Space Notes to tha Financial Ststements for the Year Ended 31 March 2024 1 Charlty 8tatU8 Thè charity is limited by guarantee, incorpor8tad in Er,Llana: and (x)ri5equenYy do8$ not have Share c8pnal. Each of the trustaes is liab18 to contribule an arnount rK)t èxJni88d at hlstorical Ix)st or transaction value unless oth$￿Se ststed in the relevant accounting notes. Golng concern The ttU51ees Gonsider that there ar8 no material unctrtaknlies abo￿ th8 th8rity5 ab￿lty to wnlinug 85 8 golng con(*rn N)r any significant areas of un(wtair.ty that811gd Ihe ¢aty￿ valu8 of 85sets held by fv charity. Income and ondowments l income is Tecogni5ed once the charity has entidem8m to the Inc￿, it is probable that th6 Income wll be raceived and the amountol the income receNable L*n be measured reliaNy. Donatlon$ andlegxies Donamons S￿ ￿cOgnised when the charity has be8n notified in wrlbng 0f￿th the amcAJnt 8nd setNem&nt date. In th8 event that a donauon Is subject to o)nditions that require a level ol perfomancè by th8 Charity before the arity 15 entitled to the fvnds, the Income is deferrgd and not recogntsed untl either ih088 conditions are fully met, or the fulfllment of those Condi￿On5 15 w￿￿lY wtthln Ihe control of the char.ly and rf£ is wobable that thes8 condlllons will be fu1fi119d in the rgp(xbng perwA. Donated Sery￿eS piovided on a prtrbono basis are incJud8d 88 in(x)me with a reloyanl expense also belng recognised in the SOFA at th8 C05t that would have been tharge(I for the servi(￿. P8ge13 Our Spac8 (Staffs) Llmlted known as Our Space Notes to the Financial Statements for the Year Ended 31 March 2024 Grants rncofvablo Grants a￿ recogni58d the charity has a.￿ 841iU8m8nt to the funds and any condibons link8d to the grants hav8 been met. Whwe perfomiance (x)nditic￿ are altathed to Y)e gran and are y8t to be mol, U)e income i5 recognlsed as a liatN'lity and included on the balants sheot a8 d8ferr8d income to be tElea5ed. InYeslmentin¢offl8 Dlvldends ar8 re￿gnIsed once the dwKlend h8s been d*red and noltfication has b8en ra￿Ve￿ oflhe diwdend du8. Exp•ndlture All &xpÈnditurp is recognised on(x Ihere Is a kgal or con51nJc*v& oNp)ation to that expenditufv, it 15 probabl? sgrf&ment k8 ￿quired and th8 amount can be mea5Utpd reliaNy. All costs are allocated to thè applicabl8 exwdilure heading that aggregate slm11 ar costs to that calegory. Where costs (xnnot b8 dir8clly attributed to Per￿cUlar headings they hav8 been allocatsd a b88K8 ¢onystent the us8 of resources, with cgr.tral staff costs alknated on the ba￿$ of time speA( and depreckgtion charges alknzted on the tKxtion of Ihe asset's use. othw support (yjsts ar8 allocated b8sed on th8 spr8ad of staff costs. Raislng funds Th8se are cnsts incurred in attracting voluntsry Incom8. th8 man&Jemenl of inveStm￿ts and thDSa inrwrred in trading acbwtles that r8lse fijnds. Chant¢abl• acllvllA•$ Chariiable expenijiture comprises those costs incurred by the thatity in ddivery of Its activltkn ond sèrvic85 for tts ben8ficiaries. It indudes both cosis that be albcated dir8dly to such a¢O¥Ales and ￿￿8e costs of 8n Indltyc* nature necessary to 5UPPOrt them. Governan￿ C￿1$ These Snclude the costs attritr&utaiAe to the thariWs wmklianc£ wilh (x)ll5titutional and ststutory requ1￿ments, induding audit, strategic management and tru8t886 n￿ting$ 3nd ￿MbUr5ed expen688. Taxation The charty ts consklered to pass the tests sel in Paragraph 1 Schedule 6 01 the Finance Act 201 D and thor&fore il mee'ts the definition of a charitable wnp8ny for UK c0rpwatiC￿ tax purpos8s. Accordingty. the charrty 15 Potentially exempt from tsxotion in r8spe¢t ol IncL¥ne or GgFxlal galns retsiv8d categories covered by Ch8Pter 3 Part 11 of th8 corporats.on Tax Act 2010 or Se¢tion 256 of the Taxation ol Chafgeatle Galns Act 1992, to the extent that such incx)me or gains ap￿18d exdusfvely to charilatle wrposes. Tangible Hxed assets IndividuBI fixed assets costing £75 or rp.org wth an expected lrfesp8n of 5 years or more are initially re¢orded at C08t, less any subsequent ac(xJrr¢ulaled deprecia1ion ano subsequent accumulated irnpairment10s5es. Depreclallon and amortisation Depiecialion is provided on tangitrde fixed assets so as to wriie crff IhB Lxsst or valuation. 19$5 any esUmat£d r&sidual vEIu8, ovor Ihdr expected useful e(#￿0Mle lrfe as follows.. P&38 14 Our Space (Staffs) Limlted known as Our Space Notes to the Financial Statements for the Year Ended 31 March 2024 As$et class Office Equipment Play Equipment Fixed Play StNthres Kttchen Equipment Gardenin9 E4llEpn￿nt Dtprtclatlon method and rate 20% reducing balance 15% tedwing balance 15 years- Stralght I':ne 5 years- Straight lirye 20% reduung balanc Trade debtors Trade debtors are arrN)unts due from Gustomers for merLthandk%e sokl or servirA8 p8rfomRd in Ihg txdlnary course ol bllslness. Trad8 d8btors are recogni88d ￿[ballY at1hp tran5actk)n price. Try ar* gJbsequentty m88sured at amorti8* cost Using the effective Interest method, 18ss provhsvjn for im[￿l￿n8￿L A wov&h)n for (hg impairrnènt of trade d8btors is est8bli5hed when there Is obj8Ctive emdènce that the charity ￿11 not be ablo to collact all amounts due according to the onginal terms of th8 T8IXvaD￿. Cash and cash equivalents Cash and cash equlvalents wrnpri89 rnsh tsn hand and de5X)5its, aTKI other short-tèm highly liquld investments that are rEadily conVerti￿e lo a knowm amount of cash and 8re sutye￿ to an in8ignlfic8nt risk of hang8 in valu8. Trade erèditors Trade crgditors are obligatlOn5 to pay for goods or $8rvi(%s Ihat have been acquired in the ordinary course of buslness from 8vppli8TS. Accounts payaNe a￿ dassffjed as (ajrrent ￿￿bIllIeS Ir the i*arity d025 nDI have an unconditioTral righl. al the end of the reportivg peri(xl, lo defer settlemwl of the CTeditor foral least fvvelv8 months after the reporting date. 11 there is an unconditsonaE ight to del•r selljemenl for at least twelve months after the reportiro datè. they 8re p￿sented as norrturrenl liabilit Trade ￿d￿or5 are recogni8ed initially at the trdnsactKm and sub5equenty Measu￿ at amrKtised cost u&ng affective interest mothod. Pagè15 Our Space (Staffs) Limited known as Our Spac8 Notes to tho Financial Statements for the Year Ended 31 March 2024 Fund $truGtur& Unrestri¢ted incoThts funds are gengrd fvnds that are avaIlat￿ for use at th8 trjst￿6 dlScrn￿0n In furtherance of Ihe objectlves ol the charity. ReSL￿cted itKome futKls are those dona18d for use in a par1m￿lar area or lor speofic purpN)ses. thg UBe of which 15 r8slrict8d to that arga or purpose. Pen$lon$ other post ￿lTeMent obllgations The ¢harlty operdtes a defined contribubon pension scheme is 8 pensK)n pi8n under whth flxed contrlbullons are paid into 8 pension tund and th8 charrty has no ￿81 or conslructive ODligation to pay further C￿trIbutiONS 8v8rh if the knnd does not h￿d Su￿ent assets to pay all employees the benefts ￿lats"n9 to employee seThice in the currant and prior p8fiL*ts. Contribubons to defi[￿d contribub'on rAans are rei*)gnised in the Slatement of Financial ActiV￿eS when they are due.11 ¢x)ntribulion payments &xce8d the ¢ontribuUon duo for $6Meè. thè gxcess is r6cognis8d 8$ 8 prèpay1￿nl Flnanclaj In5trumtnt5 Classmc•tlon Finawal assets and financial liabl￿￿￿ are recognwy when the charity beo)mes a paty io the contractual provSslon8 of th8 In8trurn8nt. FInan￿al liabilitie5 and equty instrumwis a￿ dassifieo accordi￿ to the 5ubst8rK% ol th9 c¥ntrèctual 8rr8ngem@nts entered into. An equlty Snstrumenl 5$ any com￿ctthat ewd8nc8s a r8sidual inter8St in th8 8S58ts of tha charity after deductlng all of t1s1￿￿1￿85. R￿o￿n￿l0￿ and measvrement AJI financial a55ets and liabiliknes are initi￿ty measured at trawtion price linduding traiisaction costs), except for th088 financial 8888ts classtled as at fair value tnrwgh profft or105s, which a￿ intbally rneasured at fair value (which is normally the transaction Pri￿ exduding transaction costs). ur,les8 th8 arrangement constitut68 8 financiw transaction. If an arrawrr.ent ctr)stitutes a fiD8nring transacti￿, the financaal asset or financk81 liability is measJred at +he pregent vaue of th8 tuture pay￿nts discounted at a mafkel late of interest for a &milar debl instrument. Flnancjal as5et5 and liabilities or4y offsel In $tateffEp.t of finandal posit￿ when. aftd onty when there exists a legally enforwbie right to $6*t off the re¢ognised aff￿ntS and the charity Snttsnds 81th$T to 58tU8 on a nèt basi8. orto rgalise the asset and setlle thg Ilabllity sirnultaneously. Finan¢ial assets are derecogni5ed when and only when al the cx)ntractual rights to the cash flow5 from thè financial asset expl￿ or are settled. bl Ihg charty transfers lo another party substsnlially all of the risks and rewards of tswnetship ol the finanual asset, cl the chatity. desprte hamng ietained sorne, Lxrt not all. ￿gnfficant sks and rewards of own8rship. has trdnsferred ¢ontriJ Df the asset to another party. Finan￿al li8billle8 are dere(ognkwJ only when the olA￿3a￿04 spec#fiÈd in the u)ntra¢t Is disd)anJed. cancelled or expires. Page16 Our Space {Staffs) Limited known as Our Space Notes lo the Flnancial Statements for the Year Ended 31 March 2024 3 Income frorn dOna￿on5 and1ogael8s Unrestrictod funds Gpnèral Totsl 2024 Donations and legaaes., Donations 17.238 17,238 17.238 17.238 Unl￿tr￿lOd funds Rèstrfct fvnds Totsl 2023 Don81ions and legacies.. Donations Gr8nt5, in¢luding copit81 grants; Granls Irom other tharthes 2,831 72,815 29,976 29.976 32,807 102,791 4 In¢omg from ch8rltal)1o a¢t1vI￿e6 Unrestrtcted Totsl 2024 G8nordl Centre a¢tfvitles and rknyschew*s 88 169 88,169 Unrestrlctpd fund General Tolal 2023 Centre activrftsos and plays¢hern8s 79,821 79,821 Page 17 Our Space (Stsffs) Limited known as Our Space Notes to the Financial Statements for the Year Ended 31 March 2024 5 In¢omg frorn othertradlng actbviii•s Unre5tdcted funds Genoral Totsl 2024 Ev8nts incorne.. Other events incomè 12,654 12,654 12.654 12.654 Unresthct•d funds Goneral Totsl 2023 Events Incom8', othw wents Incomg 4,851 4.851 4,851 4,851 6 Investmont Income Unr•strfcted fund5 General Total 2024 Interest recoiv8ble and slmilar income- Intergst receiv8t￿8 on bank deFM)Si 8,823 8.823 8.823 8,823 Unrestrl¢tsd funds Ganeral Total 2023 Int8r88t re(￿l¥able and &milar irthrn8' Interest leceiva￿e on bank dewsts 4.010 4,010 4,010 4.010 Pag818 Our Space (Staffs) Limited known as Our Space Notes to the Financial Statements for the Year Ended 31 March 2024 7 Expendi*ur• on r￿SIng fundo al Costs of tr#ding #etivitieB Uhrestrleted funds General Totsl 2024 Fundmlsing trading costs.. Fundraisiro 1,434 1,434 unrestricted nds Ggneral Total 2023 Fundrai8ing tradiro ￿￿ts., Fundraising 243 243 243 243 8 Expondltum on Charftable activrll88 Actlvity undertaken dlrecty 2024 The provision ofa Servi￿ for peop18 ￿ disabilths 116.739 118,739 undertaken dlrectiy 2023 The provision of a se￿e&fOr peqAe wilh dIsa￿lI￿e$ 140,711 140.711 £111.837 12023 - £67,610) of the atx)ve eVnditu￿ vas attritMrtatAe to unrestri(X8d funds and £4,902 (2023 - £73.1011 lo rgslricted fvnds. Page19 Our Space (Staffs) Limited known as Our Space Noles to the Financial Statements for the Year Ended 31 March 2024 9 AnalyBi$ of g0￿ManCe and support costs Govemanco costs Unrestricted Yunds General Total 2024 Independent exatninerf6es Fxamlnation of the financial statements Other fees paid to examiners 804 1,447 1,447 2,251 2,251 Unre8trl¢ted funds General Total 2023 Independent examlnerfees Examinatlon of the fvh8n¢i81 ststements Other paid to examiners 768 1.074 1,074 1.642 1,B42 10 TTU$t¢e$ r9munern￿0n and expens•s No trusttres, nor any per50ns connecLed with them. h8ve received any ￿MUnera￿On from the charity durlrKJ the year. No trust898 hava receNed any relmbursed trypws85 or any other ￿nefftS from th& charitydurKng Ihe y8ar. Page 20 Our Space (Stsffs) Limited known as Our Space Notes to the Financial Statements for the Year Ended 31 March 2024 11 Staff ¢0s1g Th9 aggreg8tp payroll wsts were as ftAk)w8: 31 March 2024 2023 Stsff costs durlng tho year welt: Wages and salarie8 Pension costs 85,339 1,637 83,941 86.976 85,093 The monthly average numberofparsons linc4udiThJ seni)r management team) 8mFksyed by the Charty during the year was as fcllows: 2024 No 2023 No ayworker3 Man8g8rn8nt and 8dmlnlstratlon 13 No employee received emoluments of rrK)r8 than £60.(Ul dudng the year. The total ernploy88 ￿n8￿$ ofthe key rnanag￿nent personnd ofth8 th8rityvMp £NII12023- £40,314}. 12 Taxation The char,ty is a reg￿tered charlty and is theref￿ ex8nwifrom laxation. P8ge 21 Our Space (Stsffs) Limited known as Our Space Notes to the Financial Statements for the Year Ended 31 March 2024 13 Tanglble flxed a88¢ts Furnrlure and •qulpm•nt Total C05t At 1 Aprfl 2023 Additions e8,974 424 88,974 424 Al 31 March 2024 89.398 89,398 D8PT8clation At l April 2023 Charge lor tho year 9,893 6.770 9,693 8,770 At 31 Marc* 2024 16,463 16,463 NOÉ book valu At 31 March 2024 72,935 72,835 At 31 March 2023 79,281 79,281 14 Debtorg 2024 2023 Trad8 debtors P￿paYmEnts 7,432 371 6.575 189 7,803 6,764 15 Cash and cash equIT￿l￿nts 2024 2023 Cash on hand Cash al bank Sfv)rt-temi (Seposits 21 16.563 348,396 87 3,937 345,045 364,980 349,06g 16 Cradltors: amounts falllng du• wlthln one >*or 2024 2023 Trade credltors Ac¢ru81$ 2.013 785 2,817 1,553 Page 22 Our Space {Staffs) Limited known as Our Space Notes to the Financial Statements for the Year Ended 31 March 2024 17 Funds Balance at 1 Aprfl 2023 InGornlng R¢$ources experxlod Balan¢s *t 31 March 2024 Unr88trlct¢d funds Genoral fijnds 79.138 126,884 1112.6411 93,381 Deslgn&ted Dèsignated Fund5 197,500 197,500 Total unr&strlcted fund 276,638 126,884 112,641 290,881 Restricted tunds BBC ChlldrETh in Need Newea$tlé Rotary Newcastle Lion5 Barracks Trusl NCS T88co Bags of Herp Soft Pl8y Appeal North stal0rd￿r￿ H05pit8Is Chlldren's Trust Co-op Comrnunty Fund Postcod8 Local Trust CAF Resili8nc8 Fund B8mard Sunley Foundath {1251 {2921 (1651 1911 1601 11191 14541 531 1,719 717 1,005 343 1,316 5,876 2,071 1,0 4￿3 1.435 6.33D 120,OCKJ 120,000 2,251 11,855 2,014 4,333 12,803 2,517 4.667 19481 15031 334 Total restricted funds 156.922 4.502 152,020 Total fvnds 433.560 117,543 442,901 Page 23 Our Space (Staffs) Llmlted known as Our Space Notes to the Financial Statements for the Y8ar Ended 31 March 2024 Cornparative Inforniatlon for the Previous Year Balance at 31 March 2023 Balan¢• at 1 In￿mIng Resources Aprll 2022 r•sourcos •xpended Transfer5 Unr88tr1cted funds General Genwgl fvnds 73.753 158.666 167.8531 185.4281 79.138 L)eslgnat•d Designaled FutMIs 112.072 85,428 197,51)0 Total unm$trfctad funds 185.825 67,8 276.638 Rfrstrlcted BBC Childr&n in Need Newpasde Rotary NewEa5tle Lions Barracks Trust NCS Sundry reslrict8d tunds Tesco Bag3 of H81p Soft Play Appeal North Slafordshire HoSp[￿S Childrgn's Trusl Co-op Communty Fund Postc(Kle Local Trust CAF ResllEnce Fund B8rnard Sunl8y Foundallon B&Q FoundatK)n 1.442 11551 {17) {110) 1951 1711 16311 250 2.071 992 237 954 1.096 403 1,249 12381 7.750 (1,2491 1,792 11,0001 11191 14201 1,435 6,330 120,LKrf) 2,625 13.751 41,730 120.0(K) 4.062 12.803 2.517 4,867 3.724 12,287) 1948) {65.466} 13331 3,0801 26,253 3.080 Total restrlcted funds 197.216 32,807 73,101 156,922 Total hjnds 383,041 191,473 140.954 433,560 Page 24 Our Space (Staffs) Llmited known as Our Space Notes to the Financial Statements for the Year Ended 31 March 2024 Thg spe(ific purpo￿ for whlth thè funds Areto be ap[A￿ are as foll BBC Children In Need - To pay fDr a Servi￿ Manager and g•sslond F4ayworter5 arKI the developmènt of our evening and weekend sesslons for thr88 years Thg Barracks Trust-To rep￿ mats in the soft ￿8Y ar88. fL¥ christrnas party and towards soft play app8al NCS- A ro5trirt6d donation to purchas8 iwo trikes rais￿ by young peplp patidpating in th8 National Citszenship Servl¢e Progr8mne. Te￿ Bag8 01 Help-For the dgvelopn*nl ofa sensory garden area Norlh St8ttor4Jshlre HO￿1813 Chldren's TnJst- For playwOrk8￿ Salaries Soft Play ApFe81- To fully refurbish the soft play area Sundry restrictgd knnds ww8 r8C8iv¢d for the wrp03e ofreturtmshing lthe Brook Centrg. CAF Re8ili8nc8 Fund - emeryency fvnding to hdp tharlues survive the impact of COVIJ 19 & furthar funding towards Dlfic8 furnl(ure, staff costs CO-OP Community Fun(kto b8 sperrt on creatiThJ a S8n8oryTral. CAF Resli ience Fund fvnding lor Offi￿ lumiture, c￿puterS &tabl8ts and staffing costs Post Code Locd Trust to fund the ouidcKJr play ar88 Bernard Sunley Fwndation to fund the soft play alea r8fiJrbi8hment B&Q Foundation to fund the r8novaUon of our$￿s0ry gardan area Designaled Funds Designated funds are fur￿$ set ask18 to ensure that the Charity has the equiv818nt of between six and nlne months, expenditure avai13blel£BO.OQOI to C0¥8r ongK)Ing costs sh)uld there be a knss of fvture lunding or a redu¢tlon of incom8 to allow the Charily sufficlent time to source altemaUvE fvnding or, in extremis. to be ablp to close tre Charity in an ordedy arKJ c¥)ntrolled manner. In additi￿ £50,lK￿ has been deslgnated lo ensura that there are suffi¢ient funds held io cover any work r8qulred on the buildings and £67.500 ha5 been designated towards the replacement of Quid￿ equiwnent Pagè 25 Our Space (Staffs) Limited known as Our Space Notes to the Financial Statements for the Year Ended 31 March 2024 18 Analy815 of nei as¥ots betr•rnen funds Total funds at 31 March 2024 Unrestrlct•dfvnds Genèrnl Desl9nat8d funds T8nglblè flxed aBSets Current assets Current Ilabilibes 41.297 54.900 2.817 31,638 120.383 72,935 372,783 2,817 197.500 Total n8t 8588ts 93.380 197,500 152,(f21 442.901 Cornparative Infomiatlon forthe Previous Y•ar Ttstsl funds at 31 March 2023 Unrestrlcted furKI8 General ljeslgrtatsd fvnds T8ngitA8 fixed assets Gurr6nl as88ts Current Ilabllities 34.916 122,006 79,280 355,833 1,553 36.327 1.553 197.500 TL48l nBI a55£ts 79,138 197,5CO 156,922 433,560 19 Related party transactlong The￿ were no related party trartsacthn8 in year. Page 26