THE SPACE
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2022

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
CONTENTS
P4e
Charity infomatpjn
Report of the Chair
Report of the Tru$lee5
Rep¢yt of the Independent Examiner
10
statement of FinarKial ActNitEs
11
Statement of Fin￿ClaI PositK)n
12
Notes to the FinarKial Statements
13-17
The followng pages do not form part of the st8tu1oryfinW￿ia1Sfatefften￿..
& Expenditufe Ac£ount IG8nwa FutMI)
19
Page 1

THE SPACE
REPORT AND RNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
CHARITY INFORMATION
Charity Name
The Space is the working name of the
St Paul's Arts Tnjst. registered charty number 801587
Trustees serving during the year and slnce the yearryend:
Elizabeth Dowd- Company SecTrt8ry
Clare Hayes Guymer
Pradeep Jeyaratnam-Joyner- Chair
Caroline Jeyaratnam-Joyner
Kale Osbome
Nichoks SMrt￿ Vre-chair
Andrew Straw- Treasurer
Lesley Young
Martin Young
Trustees leaving during tho y8ar and since the yearryend
Reglstered Address
269 West Fery Road
Isle of Dogs. London E14 3RS
Dlrector
Adam Hemming
Bankers
CAF Bank Ltd. 25 Kings Hill Avenue. Kings H￿1
West Malling. Kent, ME19 4JQ
Solkltor4
Denton Wilde Sapte
5 Chancery Lane, Lond￿ EC4A 1BU
Founder
Robert Richardson
Patrons
Sir lan McKellen
Marie McLaughlin
Page 2

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
REPORT OF THE CHAIR
Hello and welcc¥ne to my report as Chair of St Paul's Arts Trust.
The last year was a y&ar of celebral#)n, in rnre ways than one. 2021 wa5 the 25th Anniversary of the
Space's opening and it was a delight to celebrate the venue, past and present staff arKI the Trust's ongoing
role in the centre of the communty.
The quarter-cenlury birthday was marked further as we resumed normal operations after the COVID-19
lockdown lifted. As atways, the team were resilient and creative in keeping our audbences and arti8ts safe
while creating a welcoming atmosphere for all.
I was particularfy Impressed with the continuation of our online and live-streamed work. What was created
from the dark days of lockdown has become a vital shuwcase for our artists aThl a way ft)r the Trust to
access new audiences and share great work.
The St Paul's Arts Trust (rradingl Ltd was set up to manage the re-opened Space Bar. To get to thi8 Stage
has inVo￿ed a large amount of remedial woth. staff training and inlemal organtsalion. This alongside opening
hosprtality business in drfficult trading conditDns has meant that the entire leam has been wotking flat out.
Getting the bar operational and managing the asscKiated IMp￿t on the venue has been much of the board's
focus. Meaning the strategic plan and proc&Jure review have been delayed. We all hy for a retum to more
business as usual in the next year.
My personal highlight was joinir¥J the creatNe team fc* Sp￿e25 and wothing with an extra)rdinary group of
artists. It was a reminder of the brilliant talent the Space has fostered overthe last 25 years and the affection
wf(h wh￿h the venue is held by Peop￿ who have worked with us. It was fantastic to see old friends on and
behind stage and in the audEnce.
Sadty. at Space25 we said gcodbye to our twre mar)ager Keri Chesser as she left us to pursue
opportunities as a freelance Sound Designer. Keri has lived and breathed the Space and is the embodiment
of our values of inclusivty, artist￿ qualty. and creativty. Vrfe wish her and Tom well.
I'd like lo thank the board, arts committee. event management committee. volunteers. and intem$, Adam.
Matthew, and Melisande for their extraordinary work over the year. This year Méli8ande has taken on an
increased role. and we have wekomed Catherine van der Hoven and Bethany Sharp to the staff team.
Mélisande, Catherine. and Bethany have had a bng as%)ciabon with the Space as artists and volunteers so
it 15 brilliant lo be working wrth them even more. Their presence has b￿n crucial in alkhving the Spa¢9 Bar to
build as a business while not compromising on the smooth running of the sp￿e.
Pradeep Jeyaratnart￿JOYner
Ch8ir. Sl Pauls Arts Tmst
24 January
. 2023
p￿e3

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
REPORT OF THE TRUSTEES
The Trustees present their Report and the Financial Statements of The Space for year ended 31 Ma￿h
2022.
CONSTITUTION
The Sp￿e is the working name of the Sl Paul's Arts Trust Iregislered charity 8015871, wh￿h is govemed by
a Trust Deed adopted on 21 April 1989.
ORGANISATION OF THE CHARITY
The governance of the charity is carried out by a Board of Trustees, and the daY4￿daY running of The
Space is delegated lo the Director, who Man￿e$ a small team of staff and a soeable number of volunteers.
APPOINTMENT OF TRUSTEES
Trustees %Mth the appropriate skills needed are appointed to the Board of the charty with the assent of the
majority of the Trustees at a Board meeting. The Board has procedures for the induction and training of
Trustees appropriate to the size arKI nature of the charity.
OBJECTIVES AND ACTIVITIES
The objectNes of The Space are the prowsion of a ccffimunity centre wi the fom)er St Paul's Presbyterian
Church in mil￿all, London and the promotion of the music￿. dramatic, cinematic and other arts.
To achwe its objeetives, the charty runs a perfomiing arts and communty centre based in a converted
chU￿h in Wesrferry Road on the Isle of Dogs, East London. Since May 2015 rt has also run a new
performance space in the Crossrail Place Roof Garden in collaboration with the Canary ￿arf Group,. this
occurs from May to August alongside the usu81 year-ri)und actmties at the original Westferry Road site.
The charity is ccffimitted to promding a broad range of everrts and cwortunities ￿ perfomets of all kinds. It
believes in gNing people...
..THE SPACE TO ENJOY
We schedule a year-round theatre programme, with additional Mus￿, comedy and dance events included.
We work Mlh new, emerging and established theatre-makers to present work that exci(es, entertains and
engages. We host over 250 perfomiances per year.
..THE SPACE TO EXPLORE
Spaceworks, our participalcxy theatre company. provKles creative opportunit￿$ for chiklren and adums.
Spaceworks delivers workshops and Ferfomiance (pportunities for local re$￿entS wth a focus on creative
leaming. pwsonal and social grcmth and corr¥nunty cohesK)n.
.THE SPACE TO BE INSPIRED
Our in-house theatre company. Sp&e Productions has been nominated for six Off West End Awards. We
create quality theatre, providing employment lor artists and further publ￿ engagement opp￿t￿nitIeS. Our
Artist Development S¢heme includes a programme for assock8le theatre eompanies and Scriplspace, a
feedback service for playwrights.
ACHIEVEMENTS & PERFORMANCE
We marked our 25m anniversary by fcffiiing a ccrfnpany of 25 theatre-makers to create 5 new short play8. on
the theme of silver, for Space 25.
COVID continued to impact the beginning of the year. bul our ability to livestream theatre enabled us to
continue providing for artists and audiences until the latter were allowed to return to Ihe Space. Our protocols
proved successfvl 8nd gained praise from those WI￿ wsried.
Page 4

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
REP
RT OF THE TRUSTEES
A second Culture Recovery Grant from DCMS and Arts Council England enabled us to delwer gbbal
majorty showcase, Who Can l Be? arKI audio playlvisual art exhibition, Arnalgam. We re-opened our
Scriptspace feedback Servi￿ for playwnghts with earty draft work and staged 4 plays that came through
Scriplspace in our 2nd Foreword Festival (Labyrinth Diet by Laura Horton, Look Who's All Grown Up by
Abigail chand￿r. Refuge by KalE Duncan and Mi8fts by Lekha Desai Morrison), all of which received crttul
praise. Labyrinth Diet was a150 awarded an Offcomm 84vaTd from ofvestend.com
We hosted the London HoTror Festival for th8 fifst timè and WOrk￿j wrth Rising Tides on Good COP, Bad
COP, a climate crisis festival. HighlvJhls from visiting ccfflpanies Ir￿luded Don't ASK Don't Get Baby by
Happy Accident Theatre {another offvyestend.com award winner}. Dancing to Disco by northemwater, Nne
and the Obanle Chlld by Shanti£hi and The Plunge by Dity F*t Theatre. We were delighted lo welcome
so many new companies to the Space and enjoyed a continued ¢ollaboration wrth YellN Coat Theatre
Company on Pass It On.
Spaceworks c¢ynpleled The Long Family Dinner project, funded by the London Borough of Tower Hamlets
Small Grants Fund. We worked with the Friends of the IsLgnd History Trust and George Green's secondary
School and were Subsequent￿ asked to delNer sessions for the Year 7 enr￿hment prcgramme.
Reviewer John Chapman named us as one of his 21 highlights of 2021 after we live-streamed online over 40
drfferenl shows from the venue. We continued to engage online by holdrng meet-ups for thealts-makers and
audienees. During the Summer, we relumed to the Crossrail Place Roof Garden lo manage flee community
perfom)ances on behalf of Canary ￿Tharf Group.
The winner of the Space's Launchpad Award, given to the ￿)St promising at the DEBLrr festival from
East 15 Acting Schwl's Contemporary Theatre course. was My Grandma's A Walrus by Genevieve
Sabherwal.
Wg Complet￿ a research and development week for a new play inspired by local resident, David Grindley,
who has cerebral palsy and were app￿hed by Ihe Arts and Events team at Canary Wharf to programme a
4 day festival in Summer 2022.
During the year ended 31 March 2022. thg use of The S￿, and in bulkjin￿onIlTre attendar￿$ Ilasl year in
brackets) have been as foll¢)WS'.
Use
NuM￿r
Attendance
2021-2022
PrevKJu$
Year
Previous
Year
2021-2022
PartieslHire
Communil Event
Rehearsal
Educational Pro ect
Sub-Total
16
23
195
81
315
703
437
1,194
1,284
3,618
68
176
67
977
1,206
Public Arts Events
239 in person.
73 online
4.399 in person.
39,377 online
116
19,954
Total Attgndance In the
griod
627
410
47.394
Page 5

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
REPORT OF THE TRUSTEES
ramme A rll 2021 - March 2022
The Covid-19 pandemio continued to aff￿1 tt)e first part of the year when onty livestreamed performances
were allowed. Once restrictions were lrfted. we maintsined the livestreaming of shows alongside receiving
audiences in the building
Theatre
The Space: The Fright Before Christmas. The Panto of Oz
The Space & Online.. Lovefool. New M¢)on Monok)gues | May: Growing Together, The Dream Machine, The
Cloak of Visibility, Labyrinth Diet, Loc* ￿0.8 Al Grown Up. Refuge. Misffts, Helium. Launch FestNal. Don't
Ask Don't Get. Baby, Helk) Georgie. Goodbye Best, Hop! Danung at the Disco. Triple. Selected Recordings
of U5. Aaron & Julia, Space 25. When Rachel Mel Fiona, Timeless. Nne and the Obanje child. One Man
Poe. Birdwalching. Irving Undead, Tdes of the Crypt Cabaret, To be a bat. St¢¥ It, Good COP. Bad COP
(Letters. 2040. Aecidental Birth of An Anarchist. Evi4Jence.) Tartarus & Other Stories, Enter Mr Citrus Man.
Astonishing Singing Fish, Incident at Marshfell, Almost Adult, The Highwayman. In The Heat of That Night,
Room, Pass 11 On, Soldiers Arts Academy Showcase, My Car Plays Tapes. The Plunge. Piss and Bile, New
Moon Monologues. Definitely Maybe Actualty Nevemiind
Postponed.. Enter Mr Citrus Man. Helium. Donl Ask D￿'t Get, Baby
Online
Shows: A Blue Something, Try Harder. RAFT. Brc4(en Link, Can l Be?, Lydia, Aaron and Julia watch
party, Under Heaven's Eyes. Nightmare5 Watch Paty
Events: Caffè Neurospace. Virtual Open House. The Great Pub Quri - 2021. Foreword Fest wrap party.
nter Season Launch nvJht. Space 25. Space Xmas Shindig, Keri leaving drinks, EMC Meeting. Spring
Season Launch event. Piano Recttal. Pub Qutz, I'm Muslamic, Don't Panik WIP sharing. Pass It On - Social
Event
Scriptspace Readings: Screwball. O%*t for Nctht. Bbom. Ja¢k
Workshops: wrth.ng for Zccth Workshop. Selected R￿Ording$ of Us w)rkshop, COP26 Climate Change
Workshops. Cup of Ambition wort(shop. ACE furKling workshcp for visiting companies, Spring Season other
funding workshop, Stephen Smtth Workshop, Directorfs Meet-up. Playwright's Meet-up, in
Wonderspoons
Roof Garden
The Tempesl. Sumrner Rose Garden. Flores. ConversatKJns Aboui Mus￿.. Singers from Slepney All Saints
School and Swanlea Schc
Music
A Head Full of Coldpw. MLtSiC @ the Space. Surely KnLrts. COP26 Mus￿, London Ocd(lands Singers
Christmas Conc&t
Fred Sirangebone Performs Ccffiedy.... Big Smoke Cfftty. The Aquarium
Page 6

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
REPORT OF THE TRUSTEES
era
Nabueco
Audio Pla
Amalgam1450. This Air We Breathe. A Weekend in March)
Film
Birthday Wrth Friends
EMPLOYEES AND VOLUNTEERS
We are grateful lo our dedicated theatre staff - Adam Hemmiro (fu114im8 DIr￿t0￿}, Matthew Lthvis
(Jameson. full-time Deputy Direclorl throughout th& year and Keri Mason Ipart-time Theatre Manager until
Odober 20211, Mélisande Pibarot Ipart-time Theatre Manager from May 20211. Catherine van der Hoven (part-
lime Thealre Manager from September 2021} and Bethany Sharp Ipart-time C￿aliVe ProdLKer from December
20211.
Thanks are due lo the staff employed by the Space Bar - Abagael Young. Alexandra Tudor. Amelia
Brookins, Amelia PeIIegrin￿Whrte, Simn White. Catherine van der Hoven, Damell Marguefite, Dominic
Poot5, Edward Bowman, Esther Mackay, Frida Fang. Joseph WeSt￿tt. Konrad Jaromin, Louis Quinn, Mitton
Charles. Natalie Pack. Naga Sindhuja Dodda, Suhas Maramreddy, Tommy Hogan, Vardan Berry, Will
Rolhwell, Zac Rcche. Lois West.
We engaged the following fr88lancers to run actNities: Tice Oakfieka (The Fantastical Tate of the Boy on the
Run). Jane M¢Gralh, Gawn Dent (spa￿WOrkS}, Mike Carter. Pippa HIr￿hleY. Brendan Fleming,, Joanna
Woznicka, Gabriele Uboldi. GeTaldine Brennan. Sam Essame. Katie Overslall, Sibylla Archdale Kalid.. Callie
Nestlerolh. Alison Cowieson, Ariella Sto¢an. Hannah Landsberger. Joseph Winer, Raphael von Blumenlhal.
Stephanie Pezolano, Lydia Orange IS¢riplSpace}. Grace Chapman and Isthl Dixon {mat1(eting workshops).
Constsnce Villemol {Foreword FeslNal design)
For S￿e ProdLKtions.'-
ho Can l Be?
Yusuf Niazi, Clementina Alknde IrHrte. Prashant Tailor. Zhaolin Zhou. Tanya BrKlgeman, Nadaav Soudry,
Charlotte Everest. Sabrina Richmond. Antonia Kleopa. Jasmine K K Kambi, Talenda Malsvai, Christopher
Tajah. Genesis Browne. Sanjay Lago. Carmina Bemhardl. Gavin Joseph. Kris ErKe. Lisa Pang and Caroline
Lazarus
Foreword FestNal
Labyrinth Diet-
AnIel￿a Serra. Charlotte Everest. Laura Horton
- Look Who's All Grown Up:
Daniel Bravo. Shereener Browne. Ella Mur(thh. Abigail Chand￿r Prime. Joshua Lendon. Kalrfa Taylor.
Stephanie Pezolano
- Refijge..
Jess Barton. Anabefa Teixeira, Kat￿ Duncan, Kristin Mc1￿uhaM. Maggie Evans. Katie Honan, Daina Karai
- Misfts-
Daina Karai. Deven Mc￿ha. Palsy Price. Lekha Desai MorrEon. Lge Farrell. SelNla Holwani, Bethany Sharp
PaJe 7

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
REPORT OF THE TRUSTEE
Space25 company:
Adam Hemming, Matthew Jameson, Bethany Sharp. Mike Carter. Raphael von Blumenthal, Anthony
Cozens, Tice Oakfield. Danu Coms. Esther Mackay, Pradeep Jeyaratnam-Joyner. Damian Coopef,
Charfotte Everest. Ch1￿ Wade, Ali Perotto. Faye Maughan. Keri Chesser. Steven Shawcroft, Lvzzie S¢henk,
Grace Chaprnan, Neil ShepF*ck. Andy Straw. Ann￿ Fox. Sepy Baghaei. Franos Grin and Isabel Dixon
The Space runs a successfvl volunteer pr(KJramme. prowding students and graduates with vital work
experience lo supplement their education and increase their employabilty. We also have a thrNing volunteer
base derived from the communty. We have been particulady grateful lo those that worked remotely
across this last year.
Ourth8nks go lo-.-
Benjamin Tonks, Bethany Sharp. Catherine van der Hoven. Daisy Suffield. Destiny Cumbedand. Dominic
Pools, Hannah Smf(h. Hannah Lyon. Harry Guest. India ￿"ula, Marina Lebowich, Mélisande Pibarot. Minxuan
Lin. Pamela Wallbank. Sasha Danswan. Shryu Lou, Sierra Hoss. Zac R¢xhe
Special thanks are also due to Theresa Warren (finance). Donna Dairy Ipayroil) and Adrian H￿e (IT
support).
PUBLIC BENEFIT
The Trustees have complied with their dity to have due regard to guidance on public benefft published
Charrty Commission" they recconise and welcome the need for the Space to cary out its charrtable activities
for the benefrt of the general publ￿, and they retain this aim at the centre of their strategic planning. The
harty ￿ntInueS lo offer a wide range of art-foms to the publ￿ at very aceessible priees. as well as allowing
free admission to local residents for selected events, exhibttions and workshops. The charity also continues
lo be heavily inVo￿ed in education and cc*nmunty VI￿￿k. seeking to involve people from the widest PQS3ible
range of backgrourbds and abilrties in the Arts.
FINANCIAL REVIEW AND RESERVES POLICY
General Fund.. the eharity made a net defi¢it for Ihe year of £40.557 {2021: £30.683 surplus).
Unrestricted Designated Funds: the charty made a nel defieit for the year of £10,487 (2021: £10,487 deficit).
Restr￿ted Funds: the ehanty rnade a net deficrt of £2.714 (2021: £3.450 surplus).
All Funds.. there was a net defiot for the year of £53.758 (2021.. £23.646 surplu5}. aftercharging £11,980 {2021:
£12,166) deprecialh)n on r￿ed a5sds linclLKlin9 Freehold ImprovenEnts).
At 31 March 2022. the ehanty had tcrtal fvnds of £260,198 (2021 - £313.9501. including nel cuffenl assets of
£33,698 12021.. £75,47n. The unrestricta fr* reserves in Gen￿al Fund al the year*nd amounted lo
£45,434 (2021.. £8S,9911,' the policy of the TNslees i% lo buikl up sUffic￿nI free reserves to enab￿ the chanty lo
operate day40-day and. overtime. lo buikj a reserve whth Wc￿k1 enab￿ the ¢hanty to widen its acIMt￿ in the
future,. the Trustee5 consider that the reserves held a Ihe year-end are aJequate to fulfil the obligations of the
Trust for the cc*ning year.
RISK MANAGEMETr
The Trustees confirn that they have identrfEd and rwvwed the rnaior risks to which the Trust is exposèd and
have establishgJ systems lo M￿gate those risks.
FUNDERS
The Trust is very grateful to the charthes. trusts. govemrnent l)c¥Jies and indmduals who have supported The
Space. wi(hout whom the Twst would not have been able to achieve so much.
Page 8

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
REPORT OF THE TRUSTEES
STATEMEPtr OF TRUSTEES. RESPONSIBILITIES
It is the reswnsibilty of the members of the Board of Trustees to prepare fina￿￿￿1 sL*ements for each finatKial
per￿d, which give a true and fair of the stale of affairs of the charity and of the surplus or def￿1t of the
ch*ty forthat pert(xl. In preparing those fina￿101 stalemenls, the Board iq required to..
select suitable ￿￿￿nting pdKies and then appty thwn cortsi8tenlty;
ke judgements and eStir￿ that are reasonab￿ and prL**ntr
stale whether aPpl￿b￿ actounts.ng standards have been foll￿1, subject to any material
departu￿ disckjsed and eXplai￿d in the financk41 statem?nl$;
prepare the financial statements on the corwn basts unless it is inappropriat& to presum?
that the charty will ccfitinue in business.
The Board of Trustees is res￿SIb￿ for keeping proper &cc¥Jnling records which disclose with reasonable
accuracy at any lime the financial pc6ith)n of charity and enable it to ensure that the financial statements
Comp￿ with the Charrties Act 2011. It is also responsib￿ safeguardirKJ t1￿ assets of the charity and for
taking reasonabl8 steps forthe prevent￿￿ and detection crffraud and crther Irregular[t￿S.
On behalf of the Trustees
JgyataèhaM-3gynep
Pradeep Jeyaratnam-Joyner Chair
24 January. 2023
Page 9

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF THE SPACE
I report to the tnJstee$ on my examination of the &eounts of St Pauf5 Arts Trust fTh8 Sw'l for the year
ended 31 2022 whth are set out on pages 11 to 17.
R￿P0¢t1¥? r￿ponsIbIlItIeS of trustees and examlner
The charty's trustees are res￿SIble for the preparation of the accourrts in accordance ￿th the Charti
Act 2011 rthe Act'}.
I report in respect of my examination of the Trust's accounts carried out under SectHJn 145 of the 2011 Act
and in carrying out ry exafflinat￿n I have the followed all the application Direclions gwen by the Charity
Commission under $￿tion 14515llbl of the Act.
Independent examlnerfs sLknent
I have Comp￿ted my examination. I confirm that no m*erial matters have (X)ff￿ to my attention ￿lch give me
cause to believe that in. any material resp&t.'
the accountiro records were nsX kept in ar£Ordar￿ with *#ion 130 ofthe Art. or
the aeeounts did nat ac￿ wilh the ￿nting re¢C￿d$.,
the accounts did ncé ¢LYnpty wrth the aPpI￿able requirements ccmceming the fomi and content of
a￿UnIS set out in the Charities (Accounis and ReKK)rtsl wuLgtions 2008 rther than any reqU1￿ment
that the acwjnt gNe a Irue and fair viev/, whth is not a mattw consKlered as part of an indeFendent
examination.
I have no concems and have cm)e across no Ot￿ matters in t4)nneLt￿ wi(h the examination to vknich
attention sh(NJld be drawn in this repryt in ￿der to en¥bk a prcfw uThJer5tanding of the xcounts to be
reacha.
Theres&Anne Warren FCA
CharteredAccountant
GP Financial Management Ltd
8The Oid Yard
Lodge Fam Business Centre
C8Stlelhorpe
Milton Keynes
MK19
ES
.2023
Page 10

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
STATEMENT OF FINANCIAL ACTivmES
Lknr•¥trkt•d
General F￿d
Lknrostrkted
D••l9nat•d
Funds
Fknstrktod
Fund
202ZTot41
20217otal
In¢omlng rowur¢••
I[￿C¢￿e charttatrle
48.191
48.191
8,125
fr¢Yn trzdir#J xtNt*s
Rent receNth•
Spthsors1¥1
Grants and th)natiorns
2&3
47.835
8.516
56,351
160.581
16
16
Totsl incoming I•*)u￿•S
I￿.050
8.516
138,
172.839
Rewurce$¢xp•ndod
ExFeTrJiture on act￿lt￿ in
fiJrt￿r3r￿e of the Trusfs ckniects
81.750
11.zdo
1tXJ.845
100,843
Cost of fiJndraisiro & pthlioty
57.9e8
1.311
11
59,299
23.631
Managem•nt and aLkniristrat
1,311
32.180
24,719
Total rowurco• 0x￿nded
170.607
10.487
11,2XI
192.324
149,193
N•t incomin￿￿ou￿OIngI
r•¥)ur¢•¥ b•fore tranaf•rs
140.55n
110.4m
(2.7141
(53.7581
Tr¥rB*rs fijr
Ngt mov•m•nts in funds
140,554
110.48n
12.7141
153.7581
FuThJ LElarKes bro￿J￿ fiJMONI
85,991
224.SJ9
313.
Fund ￿lanCe* hrward
214.IY22
736
280,192
313,950
The note5 on pages 13 to 17 fomi part otthese Fina￿1￿ Sta1eff￿nts.
Page 11

THE SPACE
REPORT AND FINANCIAL STATEMEpifs FOR THE YEAR ENDED 31 MARCH 2022
STATEMENT OF FINANCIAL POSMON AS AT 31 MARCH 2022
2022
2021
Flx•d ¥￿ts
TangIb￿ fixed assets
kn￿tMents
226,499
238.479
238.479
¢urr•ntA*ts
Sto¢k
Trade debt￿3
1.217
749
Prepayments aThJ aecDAd irKcffl¢
Other d8btU5
7.827
2,165
74.513
Ca$h at bank
$4,824
57,858
85,569
Uabillll8* amountsfalllng due wlthln on• y•ar
Trade Creditors
11.268
4,815
2.325
4,342
Ticket inccthe hekl
txje to It￿1[￿￿ 5thhliary
Accruals
5.916
1.(b7
2,418
other creditors
24.160
10,092
Not CurrentA*•tslLlablllll••)
75,477
Net
2fj0,19
313.956
Represent￿ by".
R•strietsd fund8
Restricted fiJNJs
3.4
Unr*stri¢tsd fund
General fijnds
45.434
214.022
85,991
224,SC
C*svJnated funds
259.4
260.192
310,5Cw)
313,950
Trust•erf capitsl
Net Funds
260.198
313.9S6
24 Janua
A￿th￿Sett and opproved for issue by the Trustee5 on ................Y023.
Pradeep Jeyaratnam-Joyner Chair
The Th￿eS pw 13 to 17 1￿M part crfthese Filw￿la1 Stateft￿ts.
Page 12

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
NOTES TO THE FINANCIAL STATEMEKrs
1. ACCOUNTING POUCIES
G&neral Infomiation
The charty is estsbli8hed uThJer a Trust Deed adopted on 21 April 1989, with wistered charty number
801587.
Statemont of Complianc8
The charity conslrtule$ a publ￿ benefit gntty as defined by FRS102. The fina￿1￿1 statements have been
prepared in accordance with A￿untIng and Reporbng by Charities." Slalemenl of Recommended
Practice applicable lo charities preparing their accounts in accordance with the Finaneial Reporting
Standard applicable in the UK and Republ￿ of Ireland (FRS 1021. and the Charitiès Act 2011.
Basis ofAccounting and Golng Concem
These ￿)Unts have been prepared ￿ an accnraL8 basis under the historical cost ￿nVentIon wrth riems
recogni5ed al cost or transacthn valL* unless otherwi8e Stat￿ in the re￿vant note(sl to these acwunts.
During the year the chaiity's onsite &ti4it*s have been severety ￿rtai￿ due lo the natK)nal restrictions
appluble due lo the Coronavirus. However, the charity contin[￿d lo carry OLrt whal limited aclrvilies are
Fe￿nitted onsi(e. has develcp&J an online prograinme, has taken thanlage of the Govemrnenl's furfough
scheme, and has worked SUC￿$￿1￿ lo obtain grant wd and donations tr) support ts ongoing costs. As a
resurt ofthese signrficanl n￿sure$, combiwl with nu￿rouS fijrther mi(KJating actions, the Trustees are of
th8 cpinion that there are no material uncertainties ab(xrt the charty's abilty to continue as a goiThJ
In¢ome
I￿orne is recognised in the financkgl slalements when the charty becomes entli1￿ to the Tesources. the
Iruslees are virtualty certain they will receNe the resources and the rrK)netary value can be measured with
suff￿lent reli￿lIty, except for incoff* receNed in resp￿ of future ovenls whth is deferred to when the
relevant evenl p*e.
Income from donations and core funding grants is recc¥Jni8ed when there is e￿den￿ of entillemenl to
that income. receipt is probable. and its amunt Can be measured reliabty. If there are conditions
attached to the donation or grant and this requires a level of perfomiance before entr(lement can
obtained, then income is deferred until those conditions are fulty met or the frjffilmenl of those conditions
is within the control of the chanty and it is probable that they will be fulfilled.
Expendlture
All expenditure is accounted for an ￿nIaL$ basis. liabilities being recognised as soon as there is a legal
or constructive oblvJation committing the chatty to pay out resources. Costs in respect of future events are
charged when Ihg reknnl event lakes p*e.
Flxed Assets
Expenditure w langible fixed assets exceeding £5￿ is capitalised and deprecLgled on a straight4ine basis
over the estimated useful lives of those assets. The building renovation of 269 West Ferry Road is
depreciated over 50 years, the Steinway piano was deprech2ted over 10 years, and the other fvmiture and
equipment is depr￿ated cver 4 years.
Stock
stock is Valu￿ at the cl ctst a￿1 net re￿Isable value. after m*ing due albMn¢e for obsolete and
$lw moving items.
Dèbtors and credltors re￿[vable I payable within one year
Debtors and creditors with no slated interest rate and receNable or Payab￿ within one year are r￿Orded
at transaction price. Any h)sses ari8ing impairment are recognis&J in expendrtur8.
Page 13

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
NOTES TO THE FINANCIAL STATEMENTS
Capltal Grants
Cap(ial grants are treated as restrKted funds inibaty until the funds have been spent on the fixed assets for
whth the funds were gwen. Once wuired, the restriction on the use of the funds i8 diseharged and the
use of the fixed assets beC(￿eS Unrest￿ted within the oty"eLts for Wh￿ the thanty was established.. the
fvnds are therefore transferred into an UnreStr￿ted designated fund rellecting the net bcKsk value of the
assets concemed. This desvJnated fuTrJ is then reduced over the useful ￿Onom￿ Ilfe of the assets in line
wi(h their depreciation.
Fund Accounting
Restricted funds comprise grants donati¢￿S tha have teen re￿Ned for $peCrf￿ pury)oses or are
subject lo specific ￿nditionS Impos￿ by the donor. Design*ed funds are unrestricted funds that have
been designated for a $peCrf￿ purFose by the Trustees. Unrestitted fiJnds may be used for the purp¢)ses
of the charity at the Trustees, discretion. Any prOports"￿ of a gran( whose rewpt ks conditK)nal upon
completKJn of the prqect being fvndgj. ￿ dderr&l until the prw ¢xryletion date.
2. GRANTS AND DONATI¢JNS RECEIVED {GENERAL FUND
2022
2021
COVID S￿¢fft Grnrt
- Arts cou￿1 England
- London Borough of Tow H￿lets
- HMRC RelentK)n Scheme
27.098
89.196
21,485
14,648
125.329
36.632
OiherGranls ar￿ Ck¥JètK¥ts.'
Space reCo￿ry fitsr*J
Sa* ourTheatre Appeal
Gift aid lax refiJnd5
Cth8r dwatioTh¥ ar￿ member scknes
3.324
15,641
1,125
10,162
155.581
47.835
3. FUNDS MOVEMEKrs
The m¢)vements in the General Fund are in the Statement of Fina￿al AL#Nilies.
The movements on other funds during the yearwere as folkJvs:
natedFunds
nd b￿•Tr¢•
¢•rrf*d
lorward
brought
lorw4rd
t*pr•¢laih)n Tr•n¥l•r*
FreEhok* PrcFwty
HtsJ$￿Wj￿s Fw
223.178
1.331
224.SB
19.1561
11.3311
110.48
214,022
214.022
Page 14

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
NOTE
O THE FINANCIAL STATEMENTS
3. FUNDS MOVEMENTS continued
Restiicted Fu
brought
Ionvy
donthh* tsp•ndknr•
rrbd
for*•rd
London Borough of Tower Ham￿t$
Foreward Fe51N
3.45)
13,4501
17.7WJI
Davhl'5 Play
3.49)
8,516
111.2301
736
4. TRANSFERS BETWEEN FUNDS
There wero no trarbsfers bets¥een funds during year.
5. INFORMATION REGARDING TrUSTEES AND STAFF
TtrE Trustees are Th)t remunerated and no expenses were reimbursed to Trustees during the year. The
total staff costs, including expenses, for the year were £82.34012021 - £60,943). The averaJe head-￿Unt
of contracted empbyees during the year was 6 (2021- 3). No empkiy*s receNed remunerdtion in excess
of £60,000
6. TANGIBLE FIXED ASSErs
Fr•*1￿￿1
knprov•m•nts.
StP￿r¥ Church
Freehohl
knproY•m•M*-
2S6nW••t F•rry
Furnllur•
*•hM
pk*no
ftNnltur• 4
44ulprn•nt
TOTAL
B8lanGe at 31 M￿h 2020
Additions
Balance at 31 March 2021
4,391
17.372
578,1C6
4,391
17.372
578.106
Deproclatlon
Balance at 31 March 21r20
Charge frJr the year
B¥an¢e at 31 March 2021
2rJ.201
9.157
9195T
1,097
1.097
2,194
17,372
339,627
11,980
351,607
17.372
N•l book valu8
At 31 Marth 2W21
224.302
1197
226.499
At 31 March 2020
238.479
Freehold Internst
The freehold propeity, St Paul's Church, was purehased by the Trust on 30 June 1993 for £1. The
Trustees do not cons*Jer that the propety had significant value w￿n it was acquired becau$9 major
repairs were required to bring it into use. the cost of whth are included above.
P¥Je 15

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
NOTES TO THE FINANCIAL
TATEMENrs
6. TANGIBLE FIXED ASSETS eontinued
L88sehol
Int
St Paul's Arts Tmsl has been granted leases from the London Borough of Tower Hamlets on the
adjacent land at 267 Wesl Fery Road (Title No NGL 3415511 and 265 West Ferry Road (Title No NGL
3434801. These leases are for the tem of 125 years 7 October 1996.
Clause 4b of the leases stales that, if by 7th October 2003 the Trust has ncl commenced construction of
permanent building or buildings on the land, then the Council may. by giving six months. notice,
detemiine the leases. The Trust carTied out clearance and other wotks on the srie at a cost of £5,000 in
the period ended 31 March 20C6 - this expendrture w85 wriitell off in the a￿Unts when incurred. The
Trustees will, as may be necessary. seek agreeff*nt with the Council, either th* worf(s carried out so far
constitute construction as defin￿ by the lease, or that a ne4V deadline for constructKJn of a pe￿anent
building can be negotiated.
The leases impose Str￿ condit￿$ on the Trust whth may onty use the land for it8 thvn direct benefit {it
may not be sublet. leased etel and the pemiission of the Counc¢l is requir￿￿ for any use, constnjction, etc.
which must further the tharrtable ot¥'ects of the Trust.
7. INVESTMENTS
Investments represents 100•A of the share5 of a whotly owned subsidiary undertaking, The St. Paul's
Arts Trust ITradingl Limrted, a ccwnpany incorpcK8led in England and Wales. and estsblished for the
purpose of carrying out the bar relat￿ trading activities on behaw of the Charitab￿ trust. The subsidiary
wa$ incorporated on 5 August 2021 and ris first peiicxl of account is to 31 August 2022.
NET ASSETS BY FUND
1Jtr•str￿•d htstrktfrd
Jnd
Fixed Assets
Current Assets
Current liabilities
226,4
57,122
4.159
2S9.462
226.499
57.858
24.159
260.198
9. RELATED PARTY TRANSACTIONS
During the year received charitab￿ dOnab"c￿S lotalling £7CW) fr(xn trustees by way of conlri)ution to festwal
tNities.
There were no further related paty transactr)ns during the year that wuire disclosure.
Page 16

THE SPACE
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
OTES TO THE FINANCIAL STATEMEpirs
10. COMPARATIVES FOR 8TATEMETrrr OF FINANflAL AC￿VrnEs
A statement of the moven*nts in the charity's funds kn the piewius year end&J 31 March 2021 15 set out
Lknr•*trkt•d
Gen•Tal Fund
Lknr•¥trki•d
CknshJnat•d
Fund•
P••lrSct•d
Fund¥
2021 Totsi
20211Tots1
Ineomlng re•ouT¢••
lrtome from charit*￿ actNit
8.125
8.125
73,852
I￿oM• from tradir9 aCtiMti85
Rent recth•b
39.741
Spjnsorship
1,200
Grants donati¢)n5
2&3
1S5.581
160.581
23,283
oth8r irK¢
147
Total Incoming rowur¢g•
167.839
172.839
138,2rJ
Rex*urc•8 ¢xp•nd•d
Ex￿ndItuTe on actniti85 ifb
fvrth8ran¢e Oft￿ TnJsYs obi8cts
91.428
1¢￿.843
83,218
Cost dfvThJr3r6ing &
a33)
1.311
23.631
26,033
Management almink*tralh
1.311
24,719
25,646
Total rg*wr¢•••xpondod
137.156
10.487
149.113
134,897
N•t Incomin￿(0￿￿01n9)
y?￿ul¢•$ before tr8n*rs
110.48n
Transkn betwEen bjnds
N•t movements In fvnds
{10,48n
3.326
Fund bal*cès bro￿h1 kn￿ard
234.
286,978
Fund balan¢••earriod forward
85,9J1
224.XO
313.950
290.304
PaJe 17