Our Social Space Ltd
Company Llmited by Guarantee
Statement of Flnanclal Actlvities
Year ended 30 September 2023
2023
2022
Nots
Unrestrlcled
funds
Restrict•d
funds
Total funds
Totsl funds
Income and •ndowm•nts
Donabon and legacies
Charitable actlvlbes
10.726
1,025
10.726
1,025
9,205
6.425
Total In¢om•
11,751
11.751
15.630
Expendilure
ExFenditure on charitable actrvities
11,804
11.￿3
16,071
Total Expendltur•
11,804
11,903
16.071
Not Income and net rnovemont In
funds
-152
441
Roconclllatlon of funds
Totsl fvnds brought forward
1,104
Total funds carrlod forward
511
663
Tho not•8 on pages 10 to 15 forni part of those flnanclal statements.
Trustees'Annuol Report & Flnanciol Statement5
Page 8 of 15

Our Soclal Space Ltd
Company Llmlted by Guarantee
Balance Sheet
Year ended 30 September 2023
2023
2022
Note
Current Asset
Cash at bank and in hand
Debtors
511
663
11
Creditors.. amount falling due within one year
12
1390)
(Nil)
Net Current Assets
121
663
Net Asset
121
663
Funds of the charity
Restricted funds
Unrestricted funds
Total charity funds
121
121
663
663
In approving these financial statements as directors of the company we hereby confimi:
The company was entided to exemption from audit under section 477 of the Companies Act 2006 relating to
small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The Board of Trustees ackno¥Medge their responsibilities for complying with the reqU1￿MentS of the
Companies Act 2006 with respect to accounting records and preparation of the accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies
subject to Ihe small companies regime and in accordance with SORP 102.
These financial statements were approved by the board of trustees and authorised for issues on 20 June
2024, and are si9ned on behalf of the board by:
Dr R Turner
Trustee
Ms
McKenna
Trustee
The notes on pages 10 to 15 forni part of these financial statements.
Trustees, Annual Report & Financial Stotement5
Poge 9 of 15

Our Social Space Ltd
Company Limited by Guarantee
Notes to the financlal statements
Year ended 30 September 2023
General Infom)atlon
The company is a private company limited by guarantee. registered in Northem Ireland. Th8
address of the registered office is 74 Sunnyside Street, Belfast, BT7 3EF.
Statement of compllance
The financial statements have been prepa￿d in compliance with FRS 102, The Financial Reporting
Standard applicable in the UK and Republic of Ireland.. the Statement of Recommended Practice
applicable to Gharities preparing their accounts in accordance wth the Financial Reporting Standard
appliable in the UK and Republic of Ireland (FRS 102) (Charities SORP {FRS102)) and the
Companies Act 2006.
Accounting pollcles
Basls of preparation
The financial ststements have been prepared on the historical cost basis. as modified by the
revaluation of certain financial assets and liabiltiies and investment properties measured at fair value
through income or expenditure.
The financial ststements are prepared in sterting. which is the functional GU￿enCY of the entity.
Golng concern
There are no material uncertainties about the chantys ability to continue.
Judgements and koy sources of estlmatlon uncortaSnty
The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are continually
reviewed and are based on experience and other factors. induding expectations of fulure events that
are believed to be reasonable under the circumstances.
Fund accountlng
Unrestrided funds are available for use at the discretion of the trustees to further any of the charitls
purposes.
Designated funds are unrestricted funds eamiarked by the trustees for particular future project or
commitrnent.
Restricted funds are subjecled to restrictions on their expenditure declared by the donor or through
the terms of an appeal, and fall inlo one of two sutFdasses: restricted income funds or endowment
funds.
Incomlng resources
All incoming resources are included in the ststement of financial activities vthen entitl8ment has
passed to the charity. it is probable that the econornic beneffts associated wlth the transaction will
flow to the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income..
income from donations or grants is recognised bthen there is evidence of entiilement to th8 gift.
receipt is probab18 and ils amount can be measured reliably.
Trustee5'Annual Report & Finoncial Statements
Page 10 of 15

Our Social Space Ltd
Company Limited by Guarantee
Notes to the financial statements (contlnued)
Year ended 30 September 2023
3. Accounting pollclos (continued)
Incoming resources (continued)
legacy incom8 is recognised when receipt is probable and entitiement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical
to measure reliably. in which case the value is derived from the Cost to the donor or the
estimated resale value. Donated facilities and services are recognised in the accounts when
received if the value can be reliably measured. No amounts are included for the contribution of
general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted
seNice. This is dasstfied as unrestricted funds unless there is a contractual requirement for it to
be spent on a particular purpose and retumed rf unspent. in which case it may be regarded as
restricted.
Resources expendod
Expendtture is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the statement of financial
activities to which it relates-
expendtture on raising funds Includes the costs of all fundraising activities. events, non-
charttable trading activilies. and the sale of donated goods.
expenditure on charitable activities includ8s all costs incurred by a charity in undertaking
activtties that further its charitable aims for the benefit of its beneficiaries, including those support
costs and costs relating to the governance of the charity apportioned to charitsble activities.
other expenditure includes all expenditure that Is neither related to ralsing funds for the chaiity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated diredly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Flnanclal Instruments
A financial asset or a financial liability is recognlsed only when the charity be(X)mes a party to the
contractual provlslons of the InstNment.
Basic financial instruments are initially recognised at the amount receivable or payable Induding any
related transaction costs.
Current assets and current Ilabllitles are subsequently measured at the cash or other consideration
expected to be paid or received and not discounted.
Debt instruments are subsequently measur8d at amortlsed cost.
Where Investments in shares are publidy traded or theSr falr value can otherwlse be measured
reliably. the invesiment is subsequently measured at fair value with changes in fair value recognised
in income and expenditure. All other such investments are subsequenlly measured at C05t less
impairment.
Tru5tees' Annuol Report & Finoncial Statements
Poge 11 of 15

Our Social Space Ltd
Company Limited by Guarantee
Notes to the financial statements (contlnued)
Year ended 30 September 2023
3. Ac¢ountSng pollcles (contlnued)
Flnanclal Instruments (Contlnued)
Other financial instruments, including derivatives, are initially r8cognised at fair value, unless
payment for an asset is daferred beyond normal business terms or financed at a rate of intarest
that is not a market rate, in which case th8 ass8t is measured at the present value of the future
payrnents discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in
the ststement of financial activities. with the exception of hedging instruments in a designated
hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impairment at th8 end of each reporting date. If there is objective evidence of impairment. an
impairment loss is r8cognis8d under the appropriate heading in the stat8m8nt of financlal activities in
which the initial gain was r8cognised.
For all equty instruments regardless of significance, and other financial assets that are individually
significant. these are assessed individually for impairment. Other financial assets are either
assessed Individually or grouped on the basls of similar credit risk characteristics.
Any reversals of impaimient are recognised immediately, to the exient that the reversal does not
result in a carying amount of the financial asset that exceeds what the carying amount %w)uld have
been had the Impalrment not prevlously been r8cognlsed.
Deflned contrfbutlon plans
Contributions to defined contribution plans are recognlsed as an expense in the period in vthich the
related seNice is provlded. Prepald conlnbutions are recognised as an asset to the extent that the
prepayThent will lead to a reducilon In future paymenis or a cash refund.
When contn'bution8 are not expected to be settled wholly wtthin 12 months of the end ol the reporting
date in which the employees render the related service, Ihe liability is measured on a discounted
present value basls. The unwlndlng of the dlscounl Is recognlsed as an expense Sn the perSod In
whlGh It arise8.
Llmltod by guarantse
The company Is an Incorporated company Ilmlted by guaranlee wllh charitable status. The Ilability of
the members is limited to £1 per member.
Trustees. Annual Report & Flnonciol Stotements
Page 12 of 15

Our Social Space Ltd
Company Limited by Guarantee
Notes to the financlal statements (contlnued)
Year ended 30 September 2023
Donatlons & Logacles
Unrestrlcted
Fund8
Restrlcted
Funds
Total
Funds
2023
Donatlons
Donations
10.726
10.726
10.726
10,726
Unrestr￿ted
Funds
Restricted
Funds
Total
Funds
2022
Donatlon8
Donations
9.205
9,205
9,205
9,205
Charttablo actlvllles
Unrn8trlded
Funds
Rostrlcted
Funds
Total
Funds
2023
Halrfax Foundation
QU8 Film Hub Nl
SLA
500
525
500
525
Unrestrlcted
Funds
Restrlcted
Funds
Total
Funds
2022
Halrfax Foundation
QUB Fllm Hub Nl
SLA
3,300
3.300
3,125
3,125
3.125
6,425
3,300
Trustees, Annuol Report & Finonciolstatements
Poge 13 of15

Our Social Space Ltd
Company Limited by Guaranteo
Notes to the financlal statements (contlnued)
Year ended 30 September 2023
Expendltur•8
Unrestrlcted
funds
R¢$trlcted
funds
Total
funds 2023
Salary
Teacher Feès
Room Hire
Equlpment Hlre
Licences
Membership
Insurance
Web5itelMarketing
Other
5.261
2.675
2.325
25
181
95
976
253
13
5,360
2,675
2,325
25
181
95
976
253
13
11,804
99
11,903
Unrestricted
Funds
Restricted
Funds
Totsl Funds
2022
Salary
Teacher F88S
Room Hire
Equlpment Hire
Licences
Membershlp
Insurance
WebsltelMarketin9
Cxher
6.440
1.39)
3.295
1,200
1.200
7.640
2,590
4,195
403
403
95
924
211
13
95
924
178
13
33
Total Expondltur•
12,335
16,071
Taxatlon
The charity is a registered charity and is therefore exempt from taxatlon.
Number of omploy￿3
The average number of employees during the year were as follows..
Period No.
Period No.
2023
2022
No employee recelved employee beneffts of more than £60.000 during the year (2022: Nil).
10
Trust00 rnmuneratlons and expons
The Trustees receive remuneration totalling £0 during the year. The Trustees had no expenses
relmbursed in the year.
Tru5tee5'Annuol Report & Finonciol Statements
Page 14 of 15

Our Social Space Ltd
Company Limited by Guarantee
Notes to the financial statements (contlnued)
Year ended 30 September 2023
11
Debtors
12
Credltorn: amount falllng due wlthln one year
2023
2022
Trade creditors
390
13
Penslon and other post rotlrement boneflts
D•fln•d contrlbutlon plans
The amount recognlsed In Income or expenditure as an 8xpense In relation to defined contribution
plans was £50.80.
14
Futuro financlal commltments
The company is currently In a rent-free perlod (to be re￿eWed September 2024).
Annual rent will be £7,800.
Trustees'Annuol Report & Finonclol Stotements
Poge 15 of 15