SPACE ART
IReglstered Charfty No. 1188167>
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

SPACE ART
Registered Chaiity No. 1188167
Contonts
Page
RoPQrt of tho Tn￿te¥S
IndoPond•nt ExamIn•￿$ Report
statement of Flnanclal Acllvll
Balan¢0 Sheet
Notes to the Flnanclal Statements
9-13

SPACE Airr
{Regi5tered Charty No: 1188167)
ANNUAL REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
Reference and admlnlstratlve detalls
Reglstered Charity numbor
1188167
373 Kennington Road
Kennington
London
SE114wr
Trustees
Jonathan David (Chair)
Rathael House
Paul Sandcmn
Independ•nt examiner
K C Fisler BA FGA CTA
% Myrus Smilh. Chartered Ac(x)untants
Norman Htyjse
8 Bumell
Surrey
SM148W

SPACE ART
(Registered Charity No: 11881671
ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
Thts L8 the thlrd annual report from the tnjstees of Space Art which was reglstered as a CIO with the
Charity Commlssion on 25 February 2020.
ThLs was thé second year of full advlty after the Coronavwu8 pandemic and UK govemment restrictions.
The Trustees presart thelr report together with the Independenty examined finanGial statements of thè
(*arity for the year ended 30 September 2023.
The finandal statements have been prepared in accordance With the arLounting policies set out in nots 1
to the accounts and comply wilh Charity's Constitution. the Charities Act 2011. the Charities (Accounts
and Réports) Regulations 2008 and the provision of the Statement of Recommended Practice (SORP)
applicable to tharities preparing their financial statements in accordance with the Financial Reporting
Standard applkable In the UK and Republic of ]re￿nd IFRS 102) effective from 1 January 2019.
ObJ•¢livo8 and acllvltl88
The charitab18 objects of the Charity are:
a) To advance the 8rts by any charltsble means for the publtc benefit through Ihe promotion of
Jntemporary art. in particular, but not exdusNely by:
(i) maintaining an art gallery for axhibition to th8 public of ￿ntemPorary art of new and
8Stablished contemporary artists of artistic or educational merit induding (without
limitation) by providing opportunities to individuals who are members of socially and
economic811y deprived communitt8s or who are otherwise und8rrepresented in the
c£)ntemporary arts: or
lill tha maklng of grants to artists or art18tlc organisations working tn the Ileld of
contemporary art to enable them to undertake new projects of artistic merit OT further their
artistic development and education.
b) To advance the edU￿ttOn of the public In the appreclatton. underntandlng and enjoyment of
nlemporary art through axhibttKJns. perfom)ances. publications. semlnarn, lectures, talks or
other Similar events.
Actlvlty during tho porfod
Spa(* Art continues to OF*rnt• spa￿ Stalton Slxty-FiYe {SS65). a fo￿erfy unregistered contemporary
art tharity with a 20 year htstory of free of tharge access to qualty (y)ntemporary art. and the use of a
fijlty equlpped gallery Spa￿ urmler a lease wth a peppercom rent.
Trustees feel that altlwgh vlsltor numbeys are of ￿urSe Importan( we are most fcoJ8$ed on the qualty
of the engagement and are pleaged wlth the way whlch the envlronment and atmosphere which we are
fostering and the type of projects which we are programming encouraging not only a long. deep
engagem8nL but in many cases repeat Visits to ongoing exhibitions. wilh previous visitors reluming to
bring first-time visitors from their friendship groups to exhibitions.
Trustees (y)ntinue scaling up th8 operation and are contlnulng lo plan malor projects In order to have a
higher level of activity during ts next financial year.
spo￿ Art con￿n￿e9 Its ongolng Investment In maklng Ihe exhibltlon and evont $pa¢& Increasingty
aCce￿Ible and welcomlng. Thls has had a beneficlal effect on the reach of more marginalised audlentss.
A8 weN a8 Improvement of the bulldlng and display 8y3tems there 18 an ongolng revFew of eleclrlcal, IT
and computer systems resulting in a partial update of nelwork. desktop equlpment and lightlng.

SPACE ART
(Registered Charity No: 11881671
ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
There have been additions made to the Audio-visual equipment stock in order to improve abilities to stage
VId￿ and sound Installattons
(kngoing plannlng Is taklng pla￿ to Improve the display facllStles wmh consultants.
Durlng the year. a major proieGt development grant was made to arllsl Roman Manfredi for a new
photography project Wdus with SS65, followtng on from the initiation funding which was put in plac
during the previous year to Ihe artist. The grant was made on condition of a successfvl application to Arts
Councll England to c(pfiJnd the project. The project consisted of 41 new framed Works and several events
and talks. Thi$ prclect broke the previous attendance record wllh vlsltor numbers of 3.479 v68itor8 over 42
days w￿n the exhlbition was open lo the publlc.
Space Art hosted a major eXhibi￿n Across. Over. Beyond, 8 group exhibition of work by trans" artist8.
The work was selected by a panel appointed by Fringe Queer Arts arKI Film Festival and the exhibitlon
was ￿rated by Rabz Lansiquot of Languid Hands.
Spa¢e Art made fvndtng to Frlnge for access needs (audio d8SCriPtionl as well as supporting curatorfs
work. panel selectcrts and sundries such as tech as well as providlng support in kind by hosting the
exhibition at SS65.
Space Art suppNted and SS65 hosted a18unch for Crafted %vfth Prfde." Queer CraftandActlvlsm In
Contemporary Brltaln, a new t)wk by Dr Daniel Fountain, artis( curator and academic. SS65 also
curated a onfrday exhibib¢)n of artists work whlch supported the theme of the book, as well as hosttng
tslks and discussions during the launth.
Space Art comlssloned a ma￿r new sculpture by the artist Annie Whiles. This will be on p8mTrnent
di$l￿aY in the gallery èntranee at SS65. pUbl￿Y accassible for all visitors to experience.
Pollcleg and objectlveg
Space Art has a ￿a￿t-MakIng roie as well as a doing role.
There is a Grant-mak￿9 policy and a Vulnerable Adult Pollcy which have both been approved by the
Charity Commission.
The tru5te05 have paid due regard to guldance on publlc ben8fft Issued by the Charlty Commlssh)n In
de¢ldlng what actth the Charfty should undertake.
Kay actlvillos and aGhi•vemonts
The ongolng Investment In a￿sSIble and welcomlng premlses particvlafty b￿efrtted this projecL A I￿jh(
airy and w811-ventilated Space enabled people who mlght be more at rlsk from ￿MpliCatIOnS from C¢)vid
19 to visiL The design of the eTrtrance. approach and Internal clr¢ulatlon 1$ working well for visitors with
access needs and we a￿ LThtinuing to assess this. We contlnue to provlde hand-sanltlser for thos¢ who
want it as well as asking vk8itors to respect people's desire to mask If Ihey wtsh to.
The tharity contFnuos to de8pen its connectlons with marginalised groups whith has o)ntril)uted to the
record visitor numbern. s￿ne of th8se new visitors also may not usually attend contemporary art events
or exhibitions.

SPACE ART
{Reglster8d Charity No". 1188167}
ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
We abo have been careful to open exhibitions by speaal arrangement in additN)n to regular opening
tunes. for groups or Individu8fs who were unable to visrf( in the advertised time5. to ac¢ommodate their
$pe¢io1 needs.
The Twstees are pleased that the bookshop and editions conilnue to add to the impact of the dMriV$
activities, spreading the artlstlc and cultural effect of our work.
After maklng appropriate enquires, th8 Trustees have a reasonable expeGtstion that the company has
adequate resources to contlnue in operational existence for the foreseeable future.
Space Art conlinues to follow up the progress of and impact on supported projects wilh regular visits by
tnjstees, past participants, volunteers. as well. wo have conllnued contact with recent project participants
whi¢h18 leadlng to lurther deveknpment prdects.
Flnanclal revlew
Durfng the year ended 30 September 2023 income was £167.211 {2022: £155.574) and net expendllure
was £162.74312022: £79.015}. All Income and exp0rtdi￿r8 for the year was unresknGted.
Unrestrlcted funds as at 30 September 2023 were £224,90312021' £220,435) of whkh £15.349 {2022'.
£21.458} were held as d8signated funds.
R•s•m8 poIIcy
A5 at 30 September 2023 ts tharfty held free reserve8 of £209.554 (2022: £198.977) The charity to
retain reserves lo meet 3 months of opw*ing overheads and also fvnds to support ongoing •thlbltion and
grant making activities.
structure, governance and managomont
The dprity 1$ reglgtered as a charitable incorporated organi5ation (CIO) it is govemed by a Constltullon of
a Charltable In￿rporated Organisation dated 24 February 2020 and is a registered charty numter
1188167.
The management of the Charity Is Iho responslblllty of the Twstees WPM) are elected and cwted under
Ihe Charivs govgming documènt.

8PACE ART
(Registered Charity No.. 1188187>
ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023
8latsmofit of Trust•o$' R￿pOnSIbIlItI88
The Trustees are responsib18 for prèparing the Trustees Annual Report and the financial stat8ments in
aco)rdance with applicable law and United Kingdom Awunting Standards {United Kingdom Generalty
Accepted Accounting Practice).
The law applicablg to tharities in England & Wales requires the Trust08S to prepare financial statements
for each financial y&ar which givo a true and falr viow of the state of affairs of th8 charity and of the
wujming resources and application of resources of tha charity for that p8riod.
In preparing these financlal statements, the Trystees are required to:
select suitable aC￿nting policies and then apply them consistently:
observe the Metr￿1$ and principles in the Charities SORP 2019 IFRS 102).
make ludgements and estimates thal are reasonable and prudent:
sLqte whether appllcable accountlng standards have been followed. subpd to any material
departures disdosed and explained in the financial slatements:
prepare the financial ststements on the going concem basis unless it is inappropriate to presumo
that the charty will continue in operation.
select Suitable ac¢Jwntlng polides and then apply them consistently;
observe the m&thod$ and prlnclples in the Charities SORP 2019 (FRS 102);
make judgements and estim8te8 that are rea80nabla and prud8nL
state whethw appliGable a(Jx)unting standards have been followed. subpct to any material
departures disclosed and explalned in the financial statements.
prepare the financial statements on th8 going ￿nCern basis unless11 Is inappropriate to presume
that ts charity wlll ¢>Jnttnue in operation.
The Trustees are responsbl8 for k08ping proper accounting records Ihal dlsdose wth reasonable
accurydcy at any tlme the ffinandal position of the charity and enable them to ensure that the financial
statements ¢ompty wlth the Chariti&s Act 2011, the Charities (Accounts and Reports) ReguSation$ 2008
and the provlslons of the trust doed. They are also responsible for $8feguarding the assets of the charity
and honco for taking rnasonable steps for th8 prevention and delectlon of fraud and other irregularit￿$
Approved by order of the board of trustaès on
2024 and signed on ts behalf by.
Jonathan Davkl - Chair

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF:
SPACE ART
Registered Charity No. 1188167
l ￿port on Ihe a¢¢ounts of the charity for the year ended 30 September 2023. which ￿Mprise the
Statement of Flnan¢ial ACtIv￿les. the Balance Sheet and the ￿lated notes.
Resp8Gtlv• rnspon¥lbllillos of tho Truste￿ and Examlnor
The tru8te8s are responslble for the preparatK)n of the accounts. The trustee8 ¢on8ider that an audit 1$
not required for this year under section 144{2> of the Ch8ritle8 Act 2011 (the 2011 Ad) and that an
independent examination is needed.
Having satisfied my88lf that the charity is not subie¢l lo audlt under ￿rnpanY law and 1$ e1￿Ible for
Independent examin8tlon. it is my re8ponstJility to:
examine the accounts under section 145 ofthe 2011 ACL
fr￿0W thé procedures laid down in the g8neral Dlre¢tth$ glven by the Charlty Commission under
section 14515Xb) of ts 2011 Act and
stste whether p8rtiwlar matters have com8 to my attention.
Bas1$ of indopondent oxaminorfs roport
My examin8tion was carried out in aco)rdan¢e with the general Directions given by the Charty
Commission. An examination includes a review of the accounting records kept by the charty and a
mparison of the a¢oounts presented with th08e records. It also indudes consideration of any unusual
items or disclosures in the accounts. and seeking explanations from you as trustees conceming any $uth
matters. The procedures undertaken do not provide all the eviden(* that would be required In an audit
and consequently no oplnlon Is glven as to whether the accounts present a Irue and falr vleNV and the
report 1$ Ilmlied to those matters Sot out in the statement below.
Indepondont oxaminerfs statomont
In conngction with my examination. no matter has come to my atténtiOD."
i¢h glves me reasonable cause to believe Ihat, in any materfal respert th8 reqvireménts."
to keep a￿￿nI￿g reo)rds in accord￿ with seclion 130 ofthe 2011 Act: and
to prepare aco)unts which accord wlth the a¢LtyJnting records, coryly wilh the a¢¢ounting
requirements of the 2011 Act
have not been meL" or
to whiGh. in my opin1￿. attentlon should be drawn in order to enable a proper understandin9 of the
a¢¢ounts to be reached.
K.C. Flsher BA FCA CTA
% Myrus Smith. Chartered Ar£ountants
Norman House
Sutton
Surrey
SM14BW
2024

8PACE Alrr
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING INCOME AND EXPENDITURE ACCOUNT>
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Total
Totsl
Notes Unrestrided Designatad
F￿dS
Funds
Total
Funds
2023
Total
Fund5
2022
In¢om• from:
Donations aThJ18ga¢les
Other trading activities
155,￿0
11.711
155.500
11.711
154,573
1.001
Total Incomè
167,211
167.211
155,574
Expgndltyr• on:
Charitable activltles
156,634
6,109
162.743
79.015
Total expendlture
158.634
6.109
162.743
79,015
Nat movom•nt In funds
10.5TI
(6.109)
4,468
76.559
Reconclllatlon of fvnds
Fund balances brought forwa
198.977
21.458
220,435
143,876
Fund balances carrfed forward
£209.554
£15,349
£224,903
£220,435
All income and expendllure 1$ derfved from conllnuing activitles.
The Statement of Financial Aclivitbs InCI￿leS all galns and Ios8es recognised in tha year.
The notes fomi part ofthe8e Fknandal Statements.

SPACE ART
BAL4NCE SHEET
AT 30 SEPTEMBER 2023
2023
2022
FIXED ASs￿s
Tanglble fixed assets
10
54.324
46.812
CURRENT ASs￿s
Debtors
Cash at bank and tn hand
11
3,243
179,030
6,102
181,865
182.273
187,967
CREDITORS
Amounts falling du8 withln
one year
12
11.693
14,344
NET CURRENT ASSETS
170,580
173.623
NET ASSETS
£224.gJ3
£220.435
FUNDS
Unrestricted funds: General
Designated funds
13
209,554
15,349
198.977
21,458
£224.903
£220,435
roved by th8 Boa
Trustees on
2024 and stgned on Its bghalf by:
Jonatrian Davld
Chair
The notes fomi part of these Finan¢k81 Ststements

SPACE ART
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
COMPANY STATUS
Space Art is a Charitsble Incorporated Organisation ICIOI. Charty No: 1188167 and registered In
England and Wales.
The registered Offi￿ of the company is gbven In Ihe Reference and Admlnlstratlve Detsils on page 1,
ACCOUNTING POUCIES
Basls of pr•p8ratk)n
The Cha￿ty ct)nstkntes a wblic benefit entity a8 defined by FRS 102. Thg financial Statem8￿ have
been prepared in acxordance with A¢countlng and Reportlng by Charities: Statement of
Recommended Prdt*ce applicable to charilies preparing their aw)unts In accordance with the
Financial Reporting Standard applTrcable in the UK and Republic of I￿land (FRS 102) issued
October 2019. the Financlal Reporting StsrKlard applicable in the Unrted Klngdom and Republtc of
Ireland (FRS 102). the Charitles Act 2011 and UK Genera51y kGepted Practi¢&.
The finan¢lal ststements are prepared on a going o)ncem ba$18 and under the hislori¢al Cost
convention. The slgnfflcant accountsng polkies applied fft the preparatlon of these financlal
staterrK8nts are $et out below.
In¢om8 recognttlon
Items of In￿)me are recognised in the fo)anc4al statements when all of the followlng ¢rlterla are met
The charity ha$ entbtlement to the funds:
any p8rfomwice condltions have been met or are fully within the ￿￿trI] of the charity:
thwe is sufficient certalnty that reGeipt ofthe income is considered proboble: and
the amount can b8 measured rellably.
Expèndltur• rocognlllon
Expenditure Is recognised ono Ihere is a legal or constructive obltqation to make payment to a third
party. it is probable that setuement will be required and the amount can b8 moasured rellably.
Expendlture on raising fvnd$ in¢lude$ those costs associat8d with attra¢tlng dona1m￿S and grants to
nd the ¢harftys activities. Expenditure on charitabl8 activities indudes grants and other direct costs
undertaken to furfher th8 purposes of the ¢harity and Includes associated support ￿Sts.
Fund accountlng
Unrestrfcted g8neral fvnd$ are th088 funds which are freely available for use in fvrtheraft￿ of the
oblects of the char5ty and whlch have not beon d6$ignatad for specific purposes.
Deslgnated funds are unre8trl¢ted funds v*hi¢h have bean set aside fc* partthlar purposes.
Reslri¢ted funds are fvnds which c2n only be used in accordance with $pecSfic restrictions imposed
by the donor or whth have been ralsed for a particular purpose.
Dobtors and creditors
t)ebtors and creditors wlth no stated interest rate and re￿1vable or payat4e With￿ one year are
reo)rded at transaction prlce. Any Ios8es arislng from impaim)ents ar8 recognlsed in expenditure.

8PACE ART
NOTES TO TrIE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023 I￿n￿d....
INCOME FROM DONATIONS AND LEGACIES
Unrestrlcted Designated
Funds
Funds
Total
2023
Total
2022
Donatlons and grants
£155.500
£155.5¢XI
£154.573
INCOME FROM TRADING ACTIVITIES
Unrestrtcted Des*nated
Funds
Funds
Total
2023
2022
Tradlng adivitle8
£11,711
£Nil
£11.711
£1.001
EXPENDITURE ON CHARITABLE ACTIVITIES
Dlrect
Support
Total
2022
2023
Exhibition costs
Gallery costs
Purchases
Gpnts
Heat and light
Rates
Insurance
Health and Safety
IT Support and computer expens8S
Cleaning
Printing, postage and ststtonery
Sundry
Bank and currency ¢h8rges
Govemance costs (note 6)
Depreciation
Bad debt
56,035
31,201
5,643
13.500
56,035
31,201
5.643
13,500
6.618
3.467
1.229
6,600
6.620
1,920
4.571
2.378
214
4,707
18.040
15,969
12,044
1.000
10.633
5.975
2.934
371
6.618
3,467
1,229
6.600
6,620
1,920
4.571
2.378
214
4,707
18,040
6.853
597
475
172
4.690
12.752
200
£106.379
£58.364
£162,743
£79,015
GOVERNANCE COSTS
Total
2023
Total
2022
Independent examinerfs and a&>)untsncy fe88
£4.707
£4,6
10

SPACE ART
NOTES TO THE FINANc￿L STATEMENTS
FOR THE YEAR ENOED 30 SEPTEMBER 2023 lconfd.. .
NET INCOME
Net income for the year 1$ statsd after c*arglng'.
2023
2022
Ind8pendent Examinerfs fees
Depreciat
£1,236
£18.040
£1,236
£12.752
8. TRU8TEES' REMUNERATION AND EXPENSES
The trustees nelther racelved nor waived any remuneratlon durfng the year12022: £Nil).
During Ihe year no trust88 received any relmbursement of expenses12022 £Nil).
STAFF COSTS
2023
2022
S8lari8S
Pension costs
Freelance worke
£Nil
£NII
Average number ofemployees
£Nil
Nll
No staff were employed by the charrty during the year (2022 . Nlll.
No employee recelved total employee benefits {exduding employer pOns￿n ¢osts) amounting to
more than £60,000 in 8ith8r year.
The tolal amount of employe8 benefits rec8Ned by key management personnel was £Nil (2022 .
£Nill.
10. TANGIBLE FIXED AssErs
Flxtures
and
Flttlngs
Total
Cost
At 1 October 2022
Additions
64,205
25.552
64.205
25,552
At 30 Septernb8r 2023
89.757
89.757
Depr•¢iatlon
At 1 October 2022
Charge for the year
17.393
18,040
17.393
18.040
At 30 September 2023
35,433
35,433
Net Book Value
At 30 September 2023
£54.324
£54.324
At 30 Sgptember 2022
£46.812
£46.812
11

8PACE ART
INCOME ANO EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2023 lo)nfd....
11. DE8foRS
2023
2022
Trade debtors
Prepayments
264
5.838
3,243
£3,243
£6.102
11 CREDITORS- •mounts falllng due wlthin oné y￿r
2023
2022
Trad8 creditors
Accruals
9,221
2,472
7.628
6.716
£11.693
£14,344
13. MOVEMENT IN FUNDS
2023
30 September
2023
2022
Income
Expenditure Transfers
Un￿trICted funds
198.977
167.211
156,634
209.554
Oesignated funds
Panel(￿k display
21,458
6.109
15.349
Total Funds
£220,435
£167,211 £162.743
£NII
£224.903
Comparatbve infomiatton for the previous year is as follows:
2022
1 October
2021
30 Septembex
2022
Income
ExpendTtur& Transfers
Unrestricted funds
116.309
155.574
72,906
198.977
Designated fvnds
Panelock dlsplay
27,567
6.109
21,458
T¢)tal Funds
£143,876
£155,574
£79.015
£NII
£220,435
DESIGNATED FUNDS
The Panolo¢k Gallery Display fijnd was created in 2021 to fund the delfvery and installation of a
display system for use in the Rebel Dykes Art and Archive Show.
12

SPACE ART
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2023 Iconfd....
14. ANALYSIS OF NET ASSEfs BEfwEEN FUNDS
2023
Unre8trl¢ted
Funds
Designated
Funds
Totsl
Funds
Fixed assets
Currenl assets
Current liabilities
38.975
182,273
111.693)
15.349
54,324
182.273
111.693}
As at 30 September 2023
£209,554
£15,349
£224.903
Comparative infomth for th8 previous year 18 as follows:
2022
Unrestricted Deslgnated
Funds
Funds
Totsl
Funds
Fixed assets
Current assets
Current liabilities
25,354
187,967
{14.344)
21.458
46.812
187.967
{14.344)
As at 30 S&ptsmber 2022
£198,977
£21.458
£220,435
15. RELATED PARTY TRANSACTIONS
The charity rer£ived a £154.000 grant for general use from The Davkl Family Foundatlon for whom
Jonathan David is also a trustee (2022.. £154,000).
16. CONTINGENT UABILITIES
The (*wity h8$ apwoved a grant of£37,828 at 30 September 202312022: £37.8281.
13