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2025-03-31-accounts

Annual Report 2024/2025

BUILDING BRIGHTER FUTURES WITH SAFE PLACES, TRUSTED SUPPORT AND OPPORTUNITIES TO THRIVE

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WELCOME

Welcome to our Annual Report and Financial Accounts 2024/2025

It again has been an incredible year during which The Space has developed, grown and adopted new ways of working and increased e�iciencies as a result of our successful Transition Plan.

We were able to meet future demands for our existing services and implemented our strategy of ‘building a community of support’ with a new physical presence in Cheddar Valley and our plans to develop a Wellbeing Centre in Cheddar.

We have expanded our support to parents, families and carers to create local support aimed at prevention and early intervention.

A Word from our Chair

The theme of Building Brighter Futures, Safe places, Trusted Support, and Opportunities to Thrive is close to our hearts.

Everything we do is centred around providing safe, supportive spaces where children and young people can thrive, be themselves, connect with others, and grow in confidence.

Whether through our weekly Youth Club or Out of School Activities, we o�er a welcoming environment for young people to relax, have fun and talk openly about life, knowing that trusted adults are there to listen and guide.

Our Play Therapy and Counselling services provide psychological support for improved mental health, and our nature therapy, holiday activities and family workshops encourage connection, wellbeing and community belonging.

Our work is about more than activities, it’s about helping children and young people thrive. It’s about giving them the space to explore who they are, develop resilience, and realise that they matter.

We’re proud to stand alongside other organisations championing young people’s mental health and wellbeing. Together, we’re helping to build brighter futures — one safe, supportive space at a time.

John Pimblott Chair of Trustees

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THE SPACE TEAM

Our Team

Our Trustees

John Pimblott - Chair

Sandra Legg

Lisa Clark, CEO

Katharine Thompson, Strategic Head of Operations and People

Laura Wilcox, Head of Clinical Services

Ian Biggs

Stephen Kite

Ruth Carter, Head of Marketing and Impact

Suzanne Smith

Victoria Boorman, Head of Youth and Community

Sara Appleton, Head of Fundraising

Sue Summers, Counsellor

Peripatetic Therapy

Team:

Lindsay O’Sullivan

Katie Purnell

Kirstin Lean

Jenny Haile

Will Humphreys

Laura Thompson

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WHO ARE WE

The Space delivers measurable, life-changing outcomes for children, young people, and families across Somerset through evidence-based therapeutic interventions, community engagement, and family support. We are building a resilient, inclusive community where young people can thrive.

pathways, and practical activities, ensuring that provision remains responsive and inclusive to evolving demands of children and young people, families and the community.

We are a front-end prevention partner, keeping children close to home, preventing unnecessary admissions and reducing health inequalities.

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IMPACT

We deliver measurable, life-changing outcomes for children, young people, and families in Somerset through evidence-based therapeutic interventions, community engagement, and family support.

Our Impact is:

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What we Learnt

Collaboration with local organisations proved essential for building trust, visibility, and deeper community engagement.

The adoption of the Community Garden and Allotment showed the therapeutic and social value of safe, inclusive outdoor spaces for both young people and families.

Structured feedback and co-designed activities ensured services stayed responsive and relevant to emerging needs, reinforcing the importance of continuous listening and adaptation.

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Achievements during the year

The Space made substantial progress in Empowering Minds, Strengthening Communities and Inspiring Change. We are Building Brighter Futures, Safe Places, Trusted Support and Opportunities To Thrive for children, young people, and families in Cheddar and the surrounding Somerset area.

impact. A central Hub was established, providing a professional, welcoming environment for Counselling and Play Therapy, while our expanded clinical services ensured timely, tailored support.

Outcomes were strong: 78% of counselling clients and 70% of play therapy participants showed measurable improvements in wellbeing. All young people who disclosed suicidal thoughts at the start of therapy no longer presented risk at the end.

Over the past year, the need to provide additional support for parents, carers, and families has become increasingly evident, leading to the development next year of a central Wellbeing Blend.

Community Garden, which o�ered therapeutic outdoor activities and environmental projects.

Organisationally, The Space strengthened its therapy team and organisation structure, introduced a bespoke CRM system to improve data management, and deepened partnerships with schools, health providers, and local organisations.

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PLANS FOR 2025/2026

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The Space (CIO)

Annual report of the trustees

The trustees present their report together with the unaudited financial statements for the year ended 31 March 2025.

Administrative details

The Space is a registered Charitable Incorporated Organisation (CIO) number 1188929.

The administrative office and operational address is:

The Estate Office Lower North Street Cheddar Somerset BS27 3HA

Trustees

John Pimblott - Chair Sandra Legg Ian Biggs Stephen Kite Suzanne Smith

Reporting accountants

Brooking Ruse Chartered Accountants 2 Stafford Place Weston-super-Mare Somerset BS23 2QZ.

Bankers

National Westminster Bank Plc

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The Space (CIO)

Annual report of the trustees …continued

Purposes and aims

Our charity’s purposes are set out in the charity’s constitution dated 6[th] April 2020.

We aim to:

Structure, governance and management

The Space uses a risk management process to assess our exposure to a variety of risks and to implement mitigation. The risks to which the charity is exposed are reviewed regularly by the Board of Trustees. The defined risks include health and safety, personal safety, reputation, financial, service delivery and governance. The impact of each risk is assessed together with the likelihood of its occurrence. The product of these two factors is used to identify significant risks, to prioritise and assess adequacy of mitigation actions.

We are constantly working to safeguard all of the children and young people who we support. Given the nature of the services we provide and the vulnerability of the children and young people who need support, we ensure that all our staff and volunteers are trained and supported to ensure safety and to raise concerns appropriately and confidently. In practice we have robust safeguarding processes which are regularly reviewed.

These include:

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The Space (CIO)

Annual report of the trustees …continued

Public benefit

The Trustees have referred to The Space Constitution and the guidance contained in the Charity Commission’s general guidance on public benefit at Trustee meetings, when reviewing our aims and objectives and in planning current and future activities.

We fund services which complement services already provided by statutory bodies, including Somerset Unitary Authority and Somerset NHS and do not fund services and support which are within their statutory duty.

The Trustees are satisfied that our activities to preserve and protect the mental health of children and young people living in the Cheddar Valley Area meet our charitable purposes for the public benefit.

Our activities include therapy services for ages 4-17 years, a youth club, holiday activities, a community wellbeing garden and allotment, peer to peer collaboration, and social media awareness for our beneficiaries and general public.

Direct beneficiaries are the local children and young people. Indirect beneficiaries are their direct and indirect family members and the local community.

Reserves

The Trustees of The Space CIO unanimously confirm that they adopt a Reserves Policy to provide reserves provision to cover three months unexpected operating costs at the 202 6 forecast level of expenditure. Most operating costs are the cost of staff contracts with the reserve provision providing cover for potential contract termination costs. 10

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The Space (CIO)

Annual report of the trustees …continued

Statement of trustees’ responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that year. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Board on 3 December 2025 and signed on its behalf by

………………………………..

Trustee

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The Space (CIO)

Independent examiner’s report to the trustees of The Space (CIO)

I report to the trustees on my examination of the accounts of The Space (CIO) for the year ended 31 March 2025, which are set out on pages 5 to 8.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’).

I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Robert Orr, Brooking Ruse, Chartered Accountants, 2 Stafford Place, Weston-super-Mare, Somerset, BS23 2QZ.

3 December 2025

SM.CB.11055

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The Space (CIO)

Statement of financial activities for the year ended 31 March 2025

Notes
Restricted
Unrestricted
Total
Funds
Funds
2025
£
Incoming resources
Grant Funding
130,000
34,320
164,320
Community Fundraising
-
19,932
19,932
Charitable Activities
-
4,253
4,253
Contributions to service
-
605
605
Bank Interest
-
4,290
4,290
__
_
_
130,000
63,400
193,400
__
_
_

Resources expended
Charitable Activities and Projects
4
188,084
64,138
252,222
Governance Costs
5
-
8,117
8,117
__
_
_
188,084
72,255
260,339
__
_
_

Net incoming/(outgoing) resources
6
( 58,084 )
( 8,855 )
( 68,939 )
__
_
___
2024
£
165,504
19,504
1,322
-
4,037
__
190,367
_
145,867
6,314
___
152,181
__
38,186
____

The notes on pages 15 to 17 form an integral part of these financial statements.

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The Space (CIO)

Statement of financial position as at 31 March 2025

Notes 2025 2024
£ £
Current assets
Cash at bank and in hand 114,791 169,969
Debtors 541 554
______ ______
115,332 170,523
Current liabilities 6 ( 47,028 ) ( 35,280 )
______ ______
Net assets 68,304
______
135,243
______
The funds of the charity 7
68,304
______
135,243
______

The financial statements were approved by the board on 3 December 2025 and signed on its behalf by:

Trustee

The notes on pages 15 to 17 form an integral part of these financial statements.

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The Space (CIO)

Notes to the unaudited financial statements

for the year ended 31 March 2025

1. Accounting Policies

(a) Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.

(d) Incoming resources

All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. The following specific policies are applied to particular categories of income:

Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Incoming resources from grants, where there are performance or service deliverables required by the terms of the grant, are accounted for as the charity earns the right to payment through its performance.

Donated services and facilities are included at the value to the charity where this can be quantified.

Investment income is included when receivable.

(e) Resources expended

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

(f) Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

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The Space (CIO)

Notes to the unaudited financial statements

for the year ended 31 March 2025 …continued

2. Trustees remuneration

No members of the management committee received any remuneration during the year, nor were any expenses reimbursed to trustees.

3. Taxation

As a charity, The Space is exempt from tax on income and gains falling within sections 466 to 493 Corporation Tax Act 2010 (CTA 2010) or section 256 Taxation of Chargeable Gains Act 1992 (TCGA 1992) to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

4.
Restricted Unrestricted
Charitable activities and projects
Funds
Funds
Staffing costs–including social security and training
185,904
29,695
Project costs
2,180
7,829
Community Hub
-
14,371
Communications, computer and software
-
6,865
General expenses - including travel and DBS
-
5,378
_
_

188,084
64,138
_
_

5.
Restricted Unrestricted
Governance Costs
Funds
Funds
Payroll and Human Resources
-
5,596
Independent examination
-
1,200
Insurance
-
1,085
Bank charges
-
236
_
_

-
8,117
_
_

6.
£
2025
Current liabilities
Accruals
2,328
Deferred grant income
44,700
_
47,028
_
Total
215,599
10,009
14,371
6,865
5,378
_
252,222
_

Total
5,596
1,200
1,085
236
_
8,117
_

£
2024
960
34,320
_
35,280
_

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The Space (CIO)

Notes to the unaudited financial statements

for the year ended 31 March 2025 …continued

7. Restricted Unrestricted Total
Funds of the Charity Funds Funds
At 1stApril 2024 91,725 43,518 135,243
Surplus/(deficit) for the year ( 58,084)
( 8,855 )
( 66,939 )
__ __ __
As at 31 March 2025 33,641 34,663 68,304
__ __ __
  1. Related Party Transactions

The building from which the charity operates is owned by a member of senior charity personnel. The lease was entered into on an arm’s length basis and no favourable terms are in place.

During the year, the charity paid rent and associated costs totalling £14,371 to the landlord.

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The Space (CIO)

The following pages do not form part of the statutory financial statements of the charity

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The Space (CIO)

Statement of financial activities by project for the year ended 31 March 2025

Notes
The Connect Total
Space Somerset 2025 2024
£ £
Incoming resources
Grant Funding 130,000 34,320 164,320 165,504
Community Fundraising 19,932 - 19,932 19,504
Charitable Activities 4,253 - 4,253 1,322
Contributions to service 605 - 605 -
Bank Interest 4,290 - 4,290 4,037
______ ______ ______ ______
159,080 34,320 193,400 190,367
______ ______ ______ ______
Resources expended
Charitable Activities and Projects 221,927 30,295 252,222 ( 145,867 )
Governance Costs 8,031 86 8,117 ( 6,314 )
______ ______ ______ ______
229,958 30,381 260,339 ( 153,181 )
Contribution towards The Hub 3,939 ( 3,939 ) - -
______ ______ ______ ______
Net incoming/(outgoing) resources ( 66,939 ) - ( 66,939 ) -
______ ______ ______ ______

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The Space (CIO)

Detailed expenditure accounts by project

for the year ended 31 March 2025

The
Charitable activities and projects
Space
Staffing costs–including social security and training
186,494
Project costs
10,009
Community Hub
14,371
Communications, computer and software
6,865
General expenses–including travel and DBS
4,188
_
221,927
_

The
Governance Costs
Space
Payroll and Human Resources
5,596
Independent examination
1,200
Insurance
1,085
Bank charges
150
_
8,031
_

The
Funds of the Charity
Space
At 1stApril 2024
135,243
Surplus/(deficit) for the year
( 66,939)
_
As at 31 March 2025
68,304
_
Connect
Total
Somerset
29,105
215,599
-
10,009
-
14,371
-
6,865
1,190
5,378
_
_

30,295
252,222
_
_

Connect
Total
Somerset
-
5,596
-
1,200
-
1,085
86
236
_
_

86
8,117
_
_

Connect
Total
Somerset
-
135,243
-
( 66,939 )
_
_

-
68,304
_
_

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