Charfty Y•gislrntson numl*r t1881671En*nd 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 septon￿er2￿24.
The financlAI statements have been pre￿10d In aDJ)rdan¢e wlth the 8¢winting p￿￿e$ 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 Star￿ard 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 part￿lar, but not eXcI￿81¥e￿ ty..
O} malntalnlng an art gallery for ex￿￿T￿On 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 v￿rkIng in Iho ffiehd of ¢ontèmpor8ry art
to enable th•m lo undgrtakg prol8ds ol arlisli¢ m$rii w fwlher thetr artlth devdopmenl and
•du￿t￿)n.
To advance Ihe edu¢ation of the public in the appredallon. understanding and enioymenl of rAJntemporary
art through exhibitions. perfomiances. publicaUDn4 8enwFWS, ledvres. t￿kS or other sbnllareNETts.
Aellvlty durfng tho p•rfod
During the yw. Space Art ¢￿In￿ad to h06E th8 maior exhibiknon Across. Ov•r, Boyond. a group exhlbillon ofwork
by trans. arlists, whith been Be￿(￿d by a panel appointed by Fiin9e Queer Arts and Flm Fe8Uv81. Thè
exhibition was arat•d by Rabz Lansiquot of Lanwid Hands.
Hel&r*i Comtrs Festlval (HCFI partnered wKh Space Art. wsth part￿pation from Minna Ha￿a, Fomintsl Library
and Femidistro, Finland and many olners to bring HCF Goes LDN, 8 mini weekend v8rskn7 of the thll HCF wTrth
visiting and r￿Id$￿t F￿nIsh 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 exhI￿￿On. Heterotopia Di8iun¢lure w8$ p￿nned and installed. The proiectwas POC led and curated. by atht
Paul JotM and faatstrad a diverse group of so￿n artists alongsid• one who 15 much mora astabMsh8d. Hur4Jn
Anderson. All the artists madè new work fr￿the 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 Sta￿n Appletys
wortt whlch sparmed more than 30 years w88 planned and prepared. The ell￿bit￿ openèd just after the fu￿nrA￿l
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)mmissIc￿ed
V8rfous wo￿3 by the atht. This was sp￿eArts laryJesland IT￿1 ambltlouo proloclto dat&
Th8ra was an acadefflic group visit from thè ffine art depart￿￿nI 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 collaboratic￿5 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 trU￿ee$ have paid due regard to guidanco benefft188ued by ts Charfty Comrni55ion In what
4¢t1vi￿ the charity shoutd undertake.
Key act1v1t1￿ and aChIw￿*￿tS
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$s ne8ds and we are
¢onllnuing to asEe88 thk8. We ajniinue lo provide h￿&Sa￿tiser for Ihosè who w8nt tt as well as asking vlwiors to
resFe¢t P8oplo'8 desire to mask iftheywlsh trj.
The dwiity lo deep￿ its ¢￿ne¢tkJnSWIth maryinalised grwp8 whlc* ha¥ GgntsftyJt8(I tothe recoTd wThlior
numbern. Som of Ihe6o rthv vtsitoys also may not usualty attend contwnporary art events or exhljllo
We 8180 havo been carefvl to open ethlbltions by speu81 arrang9m￿t in addttim to regular 0penfj￿ tlmas. for
groups or kndividual¥ who were unable tj) visll In ts advertised tim88. to accommodate their special need$.
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 r￿MpanY f*8 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 r*ii
reserves to meet 3 months of o￿Tating ONptheadg and ￿80 fjjnds to support ongoiTrJ exhlbltion and grant mak
StructrJrn* govwnance and rnanagempnt
The charity is regisler¢d 85 a chaiitable iK4￿r?ted OTganlsalwJn (CIO) il 18 go￿•1 by a COn￿l￿t￿n 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￿ dOcum￿tt.

SPACE ART
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Tho trust￿ syho seNed durNVJ the year and up to tha dal8 0f￿gnatUre ofthe Ilnancml state￿￿￿&V￿.
P8uI Sandom
Jonathan Da¥id
Ra¢haol House
Thè trustees.
by the Board ofTrustees.
jC￿athan 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 r￿ulationS 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
Ex￿ndIture on".
Charltab18 actI￿lIeS
126,780
6.109
132.869
121041
6.109
129.150
T¢)tsl 9x￿nI￿lUre
126,760
6.109
132.869
123,041
6,109
129.150
N•t incomellgxpond1￿1O1and
movement In funds
<123,9341
16,109} {130.04¥
44,170
16,1091
38,061
R*eon¢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 I￿aMa and èxpendilur•
derfve from continwThJ actMtie&
The n¢Xgs on pages 7 to 14 fo￿ll 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 stat￿ent*
The lknanclal
ents were approved by the Iwstsgs C￿ 24 July 2025
Jon*han 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 In￿Orated Or9gnlsatkn (C￿1. 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 aCc￿rdanCe 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 RepO￿Thj by Charibes: Statement of Recc¥nmended Practir
applicab￿ to char¢ties preparing th￿r accounts In aC0)rdan￿ with the Finantyal Reporting Stand￿￿
ap￿ICable 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 ¢*all￿e6 not to prepare a statement of
cash flows.
The fmandal Statements are p￿pared in st•rfirvJ, whtch Is the lundron81 ￿n￿n¢Y of th¥ ¢harity. Monetary
arn￿nts in thesèfinan¢lal stalgments ar• Tounded to the near8s1 £.
The ffinandal statèmgnts ha¥0 been prepare(l under tho hlstorfcal ¢osl ￿nV￿￿On. The prkndpal
polr¢tes athjpted are set oui bettrAT.
12 Golng concern
Al thp11rne of app￿￿ng the ItnancMI statemènK the trustees have a rea¥Jnatsle expeQallon Ihal the ¢hority
has adequate Tesources to conllnue in op$rattonal ?xl¥leTKe for the foreseeable future. Thu8 the trustees
contiNe lo adopt the goln9 cor￿9M basls 0faC￿Un11ng In prty8ring the ffingtvJg1 st819ments.
f.3 Charftabl• fund¥
Unreslrided fvnds are avalable for use •t of the IN8tse8 in furthwan￿ of t1￿1r chariti7Ne
obieGtive8.
DesEgnated fvnds wftprtse fun
whlch have been set asKle at the discretion of the tntstees for spedff
purposos. The purposes and us8s of th8 deslgnated funds aT8 S8t out in Ihe not88 to tha finandal statemènts.
R￿lI￿￿ed fvnds are subjact to speuwc condthns by donors or grantors as to h¢¥Y they may be ￿d.
purposes and uses of t1￿ Testricted fvnd$ 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 perf0m1￿ce ¢C￿dIt￿l￿S have baen md.
amounts ran be measured reliably, and il is probable that bnwme wll be rec￿d.
Cash dcn8lK*ns are iecowised Gm rec8lpt. Other don81ion8 are reoJgni8ed on¢& the Charity has been ￿)Illed
of the donatlon. untess perfO￿anCe condiiion8 requiie deferral of th& amoLMrt. Income tax reco¥erabl& tn
relationtrj dongums ￿￿orG5ftA1d or deed$ ofe0ven￿l 1$ re¢ognl8ed atthe time ofthe donalion.
Legacl8s are r8cognis8d on receipt or othe￿iSe rf the tharity has be8n notif￿ of an Impendlng disldbutlon.
the amount is kn￿n. ￿rApt 18 •xpo(*1. Sf Ihe amount Ls kn￿#￿, th& 18ga¢y Is treat•d 88
Conti￿Jent a58et.

SPACE ART
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
A¢countlng polkl
IConllnu•d
1.5 Exp￿d1￿j1•
Expend￿re is o¢ognk8ed oncg there Is a leud or ¢On$tru￿￿e 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 attributr￿b￿ to a siwJle actiw are ap￿rtIon￿l 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 v4h￿￿On. net of
deprectstkin and any impament losses.
Depreoauon is recognised so as to wr1• off the or valuation of assets less thoir r8GMlual th￿r
ug¢ful IN0$ on thg foll￿￿n9 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 ￿9￿le 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 el￿ted 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 Cha￿￿5 balan￿ shoet I*&t￿l th8 dwrity beo)mes party to the
C￿ntraCts￿ 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 $[Mu￿newS1y.
Ba$1¢ finandal assets, whi¢h indude debtors and cash gnd bank b￿anCes. •rs inltlalty measured at
trsnsacbon prtco induding transaclion ¢osts and subsequenuy carrfed at amorfi8ed cost us1r￿j 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 a￿angement 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$81fied as payable
thln on¢ yearare not amorti8ed.
Debt in¥lNm8nts ar• subsequently c•rried at*m¢xU8ed ¢08t, uslng thè ¥ffo¢llvo thtW8St rg¢e meth¢xl.
Tr8d& creditors are obligalion8 to pay foT gouKls or sgNieAs th•t h•v¢ b¢¢n ao]uired in the OTdlnary CAiurse of
opeTation8 from suppllèrs. Amounts payable are dassified as rAJrrent liabilities rf payment Is due wittthi one
year or less. If not. thoy are PTe8ellled as non-curronl IrJbilitrg8. Tra(le cYB¢rrttys *e r8¢cwlsed InlJalty al
transaclion i))tc* and subsequenlty measured at afflortised cost usry the effedive tnterest rnethod.
Derecogniuon of fftmnelalliabilides
Financlal liabilititis 8ra derecognlsed vthan thg charity's ¢c￿tra￿l81 obllgatlons oxptre or are d￿arged or
CAnc8U8d.
Critit•l •¢couThtlng •sthnat•¥ and judgements
In the application ofthe tharlty's wjuntirw pol¢kn8, tr¢ trtwtee8 are rwuirsd to make hWetts, estimate8
and assumpfjons 8bout the carrying amount of assets and liabilities that are not readity apparent from other
sources. The e8timates and assoriated a8sumptton$ 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 ar￿unl￿1g
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 fi￿Ure periods wh8r8 tha re￿ affects both rJJrr8nt 8nd futttre
pOrf￿￿&
I￿Ome from Ilonatlons and l•gaet•s
Unre8tr1ctsd UnreBtrkted
funds
fund•
2024
2013
Donatk)ns and grgnts
155.500
11￿rne 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¢nd1￿rn 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$upport and gov•rn*nc• costs lsee nolo 6)
Support
132.869
129.150
Afftatyill by fund
Unrestsicted funds- general
Unreslrkted fjJnd6. deS￿nated
126.780
6.1ce
123,041
8.109
132.869
129.150
Support￿>81￿ allocated tr+ a¢tlvlthB
17,984
10.009
18.040
6,818
3.467
1229
6,800
6,620
Heat and light
Rate$
Insurd￿
Heallh and safety
rr Support and conwutWex￿I￿￿
Cl¥ani
Prlntthg. postage and ststtonery
Admthlstratton and sundry expen
Bank and currency d￿r
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
G0￿ManCe ¢￿tr ¢omprf80:
Authl fees
1.2
4391
1.236
3.471
5,687
4.707
Nrt movempnt In fundg
2024
2022
Tho I￿t mO¥￿t In f￿￿818 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 ¢f￿p10Y*e¥ durfng the yearwa$:
2023
Nwnb•r
Numljer
Total
There were no empbyees who8e annual reM￿￿allOn was rnore than £60.000.
R•munerntlon of key nxgnagem•nt pornonn81
Th& tol81 aTrv)unt of ernpkny88 terth rece￿ed by key manag8m•nt petsonnel w8s£NII (2023: £NM).
10 Tax•tton
Tha chollty Is exemptfrom taxalton on Its act￿￿e3 becwse all ts kncomg Is applted for charf*l• pwpos•$.
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 SepteM￿r 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 Inc￿ne
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 R￿Q￿r¢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 fi￿d the delfvery Instali4llon of a
system for u8e in thè Rebel DykesArt 8ndAtt*ive SITh.
16 Unr•8trlcted fund8
The unre8lrirAed funds oflho charfty Com￿Se the Un&y￿led 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 Se￿ber
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
fu￿d$
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-