Charfty Y•gislrntson numlr t1881671Ennd amd Wal•sl SPACE ART ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
SPACE ART LEGALAND ADMINISTRATIVE INFORMATION Paul Sandom Jon8lhan David Charity number IEnol•nd and Wal•sl 1188167 Buiklkng Ono 373 Kenniwk RoAd London SE114PT Indop•nd•nt •xamln•r K•¥ln Flsher BA FCA CTA For and on behalfof Kingstr Buff(Ave6AudJl Ltd 308 Ewell Road Surb6ton Surrey Kf6 7AL
SPACEART CONTENTS Page Independ8nt 8xsmhwfs report statement of finanLial ai#ivlt88 Balano sheet Nots$ to fvfinarrial st¥tema 7-14
SPACE ART TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 trustees wesent thew 8nnual report and finan¢ial Statements for thè 8r ed 30 septoner224. The financlAI statements have been pre10d In aDJ)rdan¢e wlth the 8¢winting pe$ get out kn note 1 to th¢ finandal statements and ccmnply vrith the charlils governing do¢um¢nt. the Charlles Act 2011, FRS 102 'The Flnandal Reporting Standard appli¢abtg In the UK and Republic of Irelan and the Ch8fft148 SORP "AeAiunUng and ReportiNJ by Charities.. Statement of Recomrnended Pradice apF4icable lo thaiili85 preparing thelr accounts in aeL0rdar with thè Financial Rep(y11ThJ Starard appllrAbie in the UK and Republic of Ireland {FRS 102)" Obio¢tlws and aclfvltleB The dlaritabk objects ofthe arw. To advance the is by any charitabb means for the publlc 9ffl ltsough Ihe promoti of ts)ntempwy art. in partlar, but not eXcI81¥e ty.. O} malntalnlng an art gallery for exTOn to the pub of contemporary art of new and èstsblFsh8d contsrnporary of artlstle or 8duc8tlonal merit. indudlng Iwllhout limitation) by provtding opportunitles lo inthviduals who are members of 80¢k7lly 8nd e(x)nomi(lly dwived wnmun(ti¢J orwho arè othemisa undarrepresented in the cont&mpor8ry arts". or (10 the maktng ol gFants to arbsts OT artistic organisalioris vrkIng in Iho ffiehd of ¢ontèmpor8ry art to enable th•m lo undgrtakg prol8ds ol arlisli¢ m$rii w fwlher thetr artlth devdopmenl and •dut)n. To advance Ihe edu¢ation of the public in the appredallon. understanding and enioymenl of rAJntemporary art through exhibitions. perfomiances. publicaUDn4 8enwFWS, ledvres. tkS or other sbnllareNETts. Aellvlty durfng tho p•rfod During the yw. Space Art ¢Inad to h06E th8 maior exhibiknon Across. Ov•r, Boyond. a group exhlbillon ofwork by trans. arlists, whith been Be(d by a panel appointed by Fiin9e Queer Arts and Flm Fe8Uv81. Thè exhibition was arat•d by Rabz Lansiquot of Lanwid Hands. Hel&ri Comtrs Festlval (HCFI partnered wKh Space Art. wsth partpation from Minna Haa, Fomintsl Library and Femidistro, Finland and many olners to bring HCF Goes LDN, 8 mini weekend v8rskn7 of the thll HCF wTrth visiting and rId$t FnIsh artists as well as UK and other european artisls and PToducers. SA Trustees made retum virit Lster to HCF w#h the fesli¥al in it's natt¥• envlronment aNI formed pbns lo folk)W-up on the relatiornhlp. An8w exhIOn. Heterotopia Di8iun¢lure w8$ pnned and installed. The proiectwas POC led and curated. by atht Paul JotM and faatstrad a diverse group of son artists alongsid• one who 15 much mora astabMsh8d. Hur4Jn Anderson. All the artists madè new work frthe axtAbNlon. Spw Art hosted the fiTSt ever LorKlon Dyke Ma during the perTod. This was a ¢omrnunity-organi8ed event with queeT female and non-blnary arfysts and makers tabling th85r work on 8 Saiurty in the GAllèry Spaea. This w8$ Space Stallon Slxty-Flve's rerxJrd4)reaking day for wsitor numbers with more Ihan 15tM) visitors thJrin9 6hT& Thère Is 8 plan to rapaat tho went. possibly the fouowlng year. perhaps scaung up. Ouring Its porfod a major new survey show, curaled by Jo David at Space Stath)n SFxty-Flve ol Stan Appletys wortt whlch sparmed more than 30 years w88 planned and prepared. The ellbit openèd just after the funrAl period but the work purchastng m*rfals. ernployln9 a rang8 of SPeLiafi$t grtists from thè LGBTQ commurritses to hglp wepare vartous aspects of the multifftdla exhibition and extensivè Èxhibitirm hang. SA also ts)mmissIced V8rfous wo3 by the atht. This was speArts laryJesland IT1 ambltlouo proloclto dat& Th8ra was an acadefflic group visit from thè ffine art departnI of HDK-Valondal 01 the University of Gottertiurg, Sweden. Students werè able to haor obout the mounting of the organisation's most ambitious proi8Ct to dat•. whiL• il was In preparalon and kl gel an insvJht into running a srnaN galtery and PToied space. Future collaboratic5 may fojlow.
SPACE ART TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Pollcl•• and 014¢1 8paceArt a grnntfftkkng rolB aB wdl as a dolng role. There 1$ a Gr•-making pow #nd a Vuhwable AduK Pollr4 whith havo both boen approved by Ihe Charlty Thg trUee$ have paid due regard to guidanco benefft188ued by ts Charfty Comrni55ion In what 4¢t1vi the charity shoutd undertake. Key act1v1t1 and aChIwtS Thè ongoing investrnent in accessl)1o and wetcomlng wanlses parttojlarfy nefItted thi6 prolect. A ItghL awy #nd well.venlilatèd $p8¢e enabted people whD might b& more at rfsk from compli¢alitsn$ from Covid 19 to w$it. Tho dèiign of the entrance, appTO8¢h and Memal ¢irculation 1$ wtsrkin9 wèll for visitors with 8w$s ne8ds and we are ¢onllnuing to asEe88 thk8. We ajniinue lo provide h&Satiser for Ihosè who w8nt tt as well as asking vlwiors to resFe¢t P8oplo'8 desire to mask iftheywlsh trj. The dwiity lo deep its ¢ne¢tkJnSWIth maryinalised grwp8 whlc ha¥ GgntsftyJt8(I tothe recoTd wThlior numbern. Som of Ihe6o rthv vtsitoys also may not usualty attend contwnporary art events or exhljllo We 8180 havo been carefvl to open ethlbltions by speu81 arrang9mt in addttim to regular 0penfj tlmas. for groups or kndividual¥ who were unable tj) visll In ts advertised tim88. to accommodate their special need$. Tho Trustees are phased that the booksh and othlons ntin to add to of the 8preadlng the artlslic and cuiiur81 effgci olourwof After moking apprwiate eDquir•s. the Tvustee5 have a r8asonable expectatlon ltrwt th8 rMpanY f8 adequ resources to conlinue in opwational existencè ftsrthè foreseeable future. Spgce Art nIInUeS to fvlknw up Ihe progre88 cl and on supported vhth regular vlslts by Irustee past participants, volunteers, as well, we hav8 contknued o)nl&l wilh recent project parllclpanls whlLth iy188illng to d&t0pm0nt projects. Flnanclal rnvlèw Durfng th• y•ar ended 30 S¢ptetYkner 2024 Dwomew89 £212612023: £167.211) not SXP8rrfliture was £131 023: £123,041). All In¢orne and expendlluRlor the yearvdas uNe8lri¢tod. Unrestrtded fvnds as 8t 30 S8pteth 2024 wwe £128.453 (2023: £256,496> of which £9240 {2023: £15349) were held as d•$lynat8d lurwts. ReseNOS poII¢y As at 30 September 21Y24 the tharity hdd frge resems of £119.213 (2023: £243.147). The charlty aim8 to rii reserves to meet 3 months of oTating ONptheadg and 80 fjjnds to support ongoiTrJ exhlbltion and grant mak StructrJrn govwnance and rnanagempnt The charity is regisler¢d 85 a chaiitable iK4r?ted OTganlsalwJn (CIO) il 18 go•1 by a COnltn of Charitable Incorporated Org8rt1sation dated 24 February 2020 and bs a registered th•rity numbor 1188167. The management of the Charity is th8 responstrilty of the Twstse8 who are dec*fjd and &>opted undor the Ch8rfVs g0vem1r dOcumtt.
SPACE ART TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Tho trust syho seNed durNVJ the year and up to tha dal8 0fgnatUre ofthe Ilnancml state&V. P8uI Sandom Jonathan Da¥id Ra¢haol House Thè trustees. by the Board ofTrustees. jCathan Dwd CIMlr 24 July 21r25
SPACE ART INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPACE ART I report lo the trustees on my examination of the financial statements of Space Art (the charity) for the year ended 30 September 2024. Responslbllltle$ and basis of report As the trustees of the charity you are responsible for the preparation of the financlal statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examinab.on of the charity's financial ststemenls carried out under section 145 of the Charities 2011 In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2Q11. Independent examlner's Statement Your attention is drawn lo the fact that the charity has prepar&d the financial slalements in accordance with the relevant v8rsion of the Slalemenl of Recommended Practice applicable lo charities preparing their financtal ststements in accordance with the Financi81 Reporting Standard applicable in the UK and Republic uf Irelsnd IFRS 102) in preference lo the Accounting and Reporting by Charities.. Slalemenl of Recommended Practice issued on 1 April 2005 which is referred lo in the extsnt rulationS bul has now been withdrawn. l understand that this has been done in order for the financial stst@menls lo provide a true and fair view in accordance with UK Generally Accepted Accoutiting Practice. I have completed my examination. I confirm that no matters have come to my attention In connection wth I examinaliDn 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 Charities Aci 2011. the financial statements do not accord with th08e records", or th8 financial statements do not comply with the applicable requirements concerning the form and content of financial statements set oth in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the financial slalements give a true and fair view, which Is not a matter considered as part of an irtdependenl examination. I hgve no eoncems and have come across llo other matters in connection with the examination to which attention should be drown in this report in order lo enable a proper understanding of the financial slalements to be reached. Kevln Flsher BA FCA CTA For and on behalf of Kingston Burrowes Audrt Ltd 308 Ewell Road Surbiton Surrey KT6 7AL 24 July 2025
SPACE ART STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unr•strlcl•d UnreBtric funds nds general desJgnat8d 2024 2024 Totsl fvnds 98n8ral d•slgnated 2023 2023 2023 In¢om? from: Donabons and ades OthertradltyJ ociwiknes 15SJIO 11.711 155.51XJ 11.711 2,826 Total Income 2,826 167211 167.211 ExndIture on". Charltab18 actIlIeS 126,780 6.109 132.869 121041 6.109 129.150 T¢)tsl 9xnIlUre 126,760 6.109 132.869 123,041 6,109 129.150 N•t incomellgxpond11O1and movement In funds <123,9341 16,109} {130.04¥ 44,170 16,1091 38,061 Reon¢illation of fund8: Fund balancès at 1 OtXob8r 2023 243.147 15,349 258,496 198.977 21.458 220.435 Fund b41art¢ at30 SoPt•mb•r 2024 119,213 9240 128,453 243.147 15,349 258.496 The stalem¢ntolflna)clal odlv6tles trK4ud8s al galns and losses rewgnls8d In tha year. All IaMa and èxpendilur• derfve from continwThJ actMtie& The n¢Xgs on pages 7 to 14 foll part ofthe8eflnwKial statem.
SPACE ART BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Flxed a•fjets Tangible a88ets 11 61.505 79,324 CuTh•Thtasg•ts Dabtors C8sh at bank and hand 12 t1.947 67.418 3242 179.030 182.272 Credllor8: •mouDts falllnq du•wlthln on• year 13 112,417) 13.1[ 179.172 Totsl 08¥•ts1O ¢urYent IlablllUeB 128.453 258,498 Th•funds ofthe chwlty Unrestri¢t•d lunds- genernl Unrestthd funds. deslLThted 15 14 119.213 9.240 243.147 15,349 128,453 258,4 The nat85 on pages 7 to 14 part ofthe8e Itnandol statent The lknanclal ents were approved by the Iwstsgs C 24 July 2025 Jonhan DavKI Chalr
SPACE ART NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 A¢coundng pollclwj Charity Inforniafjon Space Art Is a Chaitable InOrated Or9gnlsatkn (C1. Charlty No: 1188167 and reg16tered in England and Wdle5. The registered offKe of the company is given in ts Referenc& and Administrali¥e Dètalls on page 1. 1.1 Accounting ¢omiontlon The financial statements havè be8n propared in aCcrdanCe wilh tho charity8 governing document, the ChaiiiigsAct 2011. FRS 102 Tre Finandal Reporting Standard appficable in the UK and Republlc of Ife18ThT' and the Charities SORP "Aeeountfy 8nd RepOThj by Charibes: Statement of Recc¥nmended Practir applicab to char¢ties preparing thr accounts In aC0)rdan with the Finantyal Reporting Stand apICable In tho UK and R&publfjc of Ireland IFRS 102)" Th8 eknrlty Is a Publlc Beneflt Entlty as defined by FRS 102. The tharity has lakan atharrtage of Iho prthrfslorA in the SORP for ¢alle6 not to prepare a statement of cash flows. The fmandal Statements are ppared in st•rfirvJ, whtch Is the lundron81 nn¢Y of th¥ ¢harity. Monetary arnnts in thesèfinan¢lal stalgments ar• Tounded to the near8s1 £. The ffinandal statèmgnts ha¥0 been prepare(l under tho hlstorfcal ¢osl nVOn. The prkndpal polr¢tes athjpted are set oui bettrAT. 12 Golng concern Al thp11rne of appng the ItnancMI statemènK the trustees have a rea¥Jnatsle expeQallon Ihal the ¢hority has adequate Tesources to conllnue in op$rattonal ?xl¥leTKe for the foreseeable future. Thu8 the trustees contiNe lo adopt the goln9 cor9M basls 0faCUn11ng In prty8ring the ffingtvJg1 st819ments. f.3 Charftabl• fund¥ Unreslrided fvnds are avalable for use •t of the IN8tse8 in furthwan of t11r chariti7Ne obieGtive8. DesEgnated fvnds wftprtse fun whlch have been set asKle at the discretion of the tntstees for spedff purposos. The purposes and us8s of th8 deslgnated funds aT8 S8t out in Ihe not88 to tha finandal statemènts. RlIed fvnds are subjact to speuwc condthns by donors or grantors as to h¢¥Y they may be d. purposes and uses of t1 Testricted fvnd$ 8tt out in the notes to the financial statements. 1.4 In¢omg IrKx)me is I¥gnISed when Ihe tharity i818gally entitled to tt after any perf0m1ce ¢CdItlS have baen md. amounts ran be measured reliably, and il is probable that bnwme wll be recd. Cash dcn8lKns are iecowised Gm rec8lpt. Other don81ion8 are reoJgni8ed on¢& the Charity has been )Illed of the donatlon. untess perfOanCe condiiion8 requiie deferral of th& amoLMrt. Income tax reco¥erabl& tn relationtrj dongums orG5ftA1d or deed$ ofe0venl 1$ re¢ognl8ed atthe time ofthe donalion. Legacl8s are r8cognis8d on receipt or otheiSe rf the tharity has be8n notif of an Impendlng disldbutlon. the amount is knn. rApt 18 •xpo(*1. Sf Ihe amount Ls kn#, th& 18ga¢y Is treat•d 88 ContiJent a58et.
SPACE ART NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 A¢countlng polkl IConllnu•d 1.5 Expd1j1• Expendre is o¢ognk8ed oncg there Is a leud or ¢On$true obMu8lton lo transfer economi¢ benefft to a third pyity. rt Is probable that a transfer of ecoNJmk b9nofits will bo Taqulred in setUemenL 8nd the amount of the obligation can be Treasured lletsIY. ExpenthbJTe is da88ified by admty. The o)sts of eath a¢ti¥ity are made up of thg total of dbre(a oxt¥ at shared costs, in¢ludSng support costs invofved in undertaknng &a¢h acllvlty. Direct costs atlrfbutable lo a ngle activity are altocaled dire¢ity to that actlvlty. Sharad costs whi( contrlbute to more than ona actw and supp(Kt Sts whic are not attributrb to a siwJle actiw are aprtIonl bètween thosg BCtivilie8 on a basis conslstenl wlih the u$0 of re$our¢es. Centfal 3t¥ff co¥ls ale 8ltocthJ on the basig of Ilme sport and depreciatson tharges are alkncated on ts portion of the assefs LW. 1.1 T•nglbh Ilx•d a8sote Tangiblè fixed assets initialty mtrasured at and subs8wentty Mo88u at LWt w v4hOn. net of deprectstkin and any impament losses. Depreoauon is recognised so as to wr1• off the or valuation of assets less thoir r8GMlual thr ug¢ful IN0$ on thg folln9 ba8$9: Flxture8 and ffttlThJs The gain or Ioss orfslng on Ihe pOsal of an asset Is det¢rmined as the difference belween the sale prLKeed8 and th8 carying value of thg ass•t, and ts recognisod the stalom¢nt of finan¢ral aGtivitie¥. 1.7 Impaimwnl of Ilxod assets At eat ftF)Ortln9 and date. the chartty rewew$ thè ¢arylng amounts of its 9le assets to detemilne wholher lhe is any inth¢81ion that thos8 assets have wffered an lrnpaimient loss. If any 3u¢h Indicauon èxiÈlÈ. thè recoverab amount of the asset is •sthmated In ord8r lo determine the extonl of the Impalnnent 1088 Of any). 1A eAsh and rA8h equlvalents Cash and rash èqulvalents include cash in hand. d•posts hald at call wtth banks. other short-teThn liquid Investments wrfh original maturtties of Ihree monlhs or less. and bank overdrafts. Bank ovwdrafts aw shcwn wlthln In wrrent Ilablllties. 1.9 FIRan¢lal instrumonts grfty has elted to appty Ihe provisTM$ of Sectlon 11 'Baslc Flrtanrial Inytruments, ond Se¢tion 12 'Olher FinanrAal Instrumwts Issues. of FRS 102 to all of its financial inslwments. FAianoal In8tmryM)ts ore rw?gnt8ed In the Cha5 balan shoet I&tl th8 dwrity beo)mes party to the CntraCts pr(1¢6 of th• Inslmm8n¢. Ftnanclal assets and liabllrfles ar8 offsat, wlth net amounts presw)ted In th• flnan(yal 8tatemgnts. when th# 1$ • legally 8nforr*abl8 rvjht to 88t off Ihg recognised aJnounts and Ihere 1$ an intentlon to se¢Uè on a t basis or to realise th& Asset gnd settte the lialxllty $[MunewS1y. Ba$1¢ finandal assets, whi¢h indude debtors and cash gnd bank banCes. •rs inltlalty measured at trsnsacbon prtco induding transaclion ¢osts and subsequenuy carrfed at amorfi8ed cost us1rj the efferawe interest melhod the arrangement rnnstttutes a finandng transa¢bon, where the Irans8cIILr¢ is measured at the Present ¥¥lue of the firt receipts discounted at a market rate of intar¥st Flnandal assets ¢1888ifie(l as rncth8ble within one year are amortls8d.
SPACE ART NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Ac¢ounlln9 polkl•¥ (Condnu•dl Bosk )In?l#ll14bIIftIaS Basic fJn8rtdo1 liabllitles, Indvding creditOf$ artd bank loans are initially recognisad 81 tr8nsactton prfea unlèss thè aangement o)nsiitute8 a fv)8n¢ln9 transa¢tton. whera thg debt Instrument is measuTed at the present value of the firture paym8nts dlscounted at a market rate of inierest. Financral liabilities ¢18$81fied as payable thln on¢ yearare not amorti8ed. Debt in¥lNm8nts ar• subsequently c•rried atm¢xU8ed ¢08t, uslng thè ¥ffo¢llvo thtW8St rg¢e meth¢xl. Tr8d& creditors are obligalion8 to pay foT gouKls or sgNieAs th•t h•v¢ b¢¢n ao]uired in the OTdlnary CAiurse of opeTation8 from suppllèrs. Amounts payable are dassified as rAJrrent liabilities rf payment Is due wittthi one year or less. If not. thoy are PTe8ellled as non-curronl IrJbilitrg8. Tra(le cYB¢rrttys e r8¢cwlsed InlJalty al transaclion i))tc* and subsequenlty measured at afflortised cost usry the effedive tnterest rnethod. Derecogniuon of fftmnelalliabilides Financlal liabilititis 8ra derecognlsed vthan thg charity's ¢ctral81 obllgatlons oxptre or are darged or CAnc8U8d. Critit•l •¢couThtlng •sthnat•¥ and judgements In the application ofthe tharlty's wjuntirw pol¢kn8, tr¢ trtwtee8 are rwuirsd to make hWetts, estimate8 and assumpfjons 8bout the carrying amount of assets and liabilities that are not readity apparent from other sources. The e8timates and assoriated a8sumptton$ are b8se(l on hkstori¢%l 0xp&rIen and other fa(knrs that e conwd8rèd to b& ralgvant. Actual results may dHlwfrom Ihese esiimates. The estimat8$ and darty0n9 assumptions are re¥ on an ongow ba8is. Re¥ision5 to arunl1g 8Stlmates are recogni8ed in the p8rfc#l In whl¢h the eslmate is ravlsèd where the wtslon affects only Ih8t porfod, or In the perfod of th8 mi5ffion and fiUre periods wh8r8 tha re affects both rJJrr8nt 8nd futttre pOrf& IOme from Ilonatlons and l•gaet•s Unre8tr1ctsd UnreBtrkted funds fund• 2024 2013 Donatk)ns and grgnts 155.500 11rne from othertrddlry acllvlll•8 Unwlrlct¢d UnMBtrlcted fvnd¥ nds 2024 2023 Tradiig 8¢th111os 11.711
SPACE ART NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 EXp¢nd1rn on clmrltsbk acllvltles Dlr•¢t¢o8ts Dlr•ct ¢o¥ts 2023 Dlrect costs Exhlblllon costs Gallery costs Purchases Grants 88d dabt Provislon tr kgal daim 13.980 27.385 4.915 2.400 9.814 8,201 51,328 4,000 53.1 72.786 Shave of$upport and gov•rn*nc• costs lsee nolo 6) Support 132.869 129.150 Afftatyill by fund Unrestsicted funds- general Unreslrkted fjJnd6. deSnated 126.780 6.1ce 123,041 8.109 132.869 129.150 Support>81 allocated tr+ a¢tlvlthB 17,984 10.009 18.040 6,818 3.467 1229 6,800 6,620 Heat and light Rate$ Insurd Heallh and safety rr Support and conwutWexI Cl¥ani Prlntthg. postage and ststtonery Admthlstratton and sundry expen Bank and currency dr Legal and wofesBional feÈs 1.110 2,&21 1.215 5.224 18.474 4.571 2.378 214 8.246 s.e87 4.707 79,71 56.364 Dlrg¢1 costs 10-
SPACE ART NOTES TO THE FINANCIAL STATEMENTS {COlfflNUED) R?R ThIE YEAR ENDED 30 SEPTEMBER 2024 Support co¥ts allo¢atèd to actlvili•s qcontinuedi 2024 2023 G0ManCe ¢tr ¢omprf80: Authl fees 1.2 4391 1.236 3.471 5,687 4.707 Nrt movempnt In fundg 2024 2022 Tho It mO¥t In f818 8tated after chaTdngl(uethilng): Fees p•yabtg fortho Independent examlnatton offy charW$ flnandal statèments Dopredalkjn of owned tangib f assets 1,286 17.984 1236 18,040 Tru9tsos None of the Ifustees { any persons ()nnected with them) recebved any remuneTalknn or t¢nèfAs from the charity durfng Ihe year. The average monlhly numb¢r ¢fp10Ye¥ durfng the yearwa$: 2023 Nwnb•r Numljer Total There were no empbyees who8e annual reMallOn was rnore than £60.000. R•munerntlon of key nxgnagem•nt pornonn81 Th& tol81 aTrv)unt of ernpkny88 terth receed by key manag8m•nt petsonnel w8s£NII (2023: £NM). 10 Tax•tton Tha chollty Is exemptfrom taxalton on Its acte3 becwse all ts kncomg Is applted for charf*l• pwpos•$. 11
SPACE ART NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR ThIE YEAR ENDED 30 SEPTEMBER 2024 11 Tangil Ilx•d 8•ts FthtUrn8 and At 1 October2tr23 Adthtions 114,757 At 30 Septernber2024 114.W22 twrockdon and knpalFment At 1 O¢tobèr2023 r)epre¢iaUon thar9od In tha year 36.433 17.984 At 30 September 2024 63.417 Carrylng amow At 30 SepteMr 2024 81,505 At 30 September 21Y23 79.324 12 Deljtorn 2023 Amomts lamin9 du0*thIn on• ymr. 11,947 13 Cr4dltorn: amounts lalling duè within on• year 2023 Trade creditors Other Greditors AccfiMI8 and deferred Incne 628 4.OC4) 7.918 2,472 12A17 3,100 12-
SPACE ART NOTES TO THE FINANCIAL STATEMENTS IcoKfiNUED) FOR ThIE YEAR ENDED 30 SEPTEMBER 2024 14 Unrvtrlcted tunds. 19141•d At 1 October RQr¢0 At30 2023 expended Septsmbor 2024 Designated funds- PanokJ¢k dbplay 15.349 16,109) 9,240 previo year. At 1 Octobef Resowces At30 exponded Soptembor 2023 Designatsd lunds- Panelock J6splay 21,458 16.1091 15,349 The Panelock Gallery Display Tur was (Traled in 2021 to fid the delfvery Instali4llon of a system for u8e in thè Rebel DykesArt 8ndAtt*ive SITh. 16 Unr•8trlcted fund8 The unre8lrirAed funds oflho charfty ComSe the Un&yled b01an ofdtsn81ions and ornnts whth we not 8ubiecttO 8pecffjJc condNlons by ¥nd graTth)rs asto how they may be used. At l October Incomlng Resourc•s At30 2023 rnsource¥ exp•nded Seber 2024 General funds 243,147 2.828 {126,7) 119.213 Provlou• y•ar At 1 Octob•r Incomlrt9 Ro8ourceg At30 2022 r080urces expended Septsmber 2023 General funds 198.977 167211 1123,041) 243.147 13-
SPACE ART NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 16 Analy¥i$ 41f n•tas80ts b9tM•n funth Totsl lund$ genernl d•8lgnated 2024 At 30 Septenthw 2024: Tangble assets Currgnt 8ssetsl{IlablllUesl 52.265 68.948 9240 61.505 66,948 119,213 9,240 128.453 Unre8trl¢ted Unrnstrlcted fundB fud$ generdl do¥lgnatsd 2023 2023 2023 At 30 S•ptsmb•r 2023: T8ngible assets Currant assetsloiabiluesl 63,97S 179,172 15.349 79.324 179.172 243.147 15.349 258.496 17 R•lat•d p•ty tr•n8aclions There is no dlsdosabl8 relaled party Iransadion during the year. For the Ar 8nd8d 30 September 2V23. thè ¢h¥iity rttaiv8d a £154,orffj gmt for general use from The DavTd Famity Foundation for whom Jonathan Davld Is also a twstee. -14-