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Company limited by guarantee

Company Registration Number:
SC659328 (Scotland)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 May 2023

End date: 31 July 2024

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Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

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Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

Artistic creation and Operation of arts facilities.



Directors

The directors shown below have held office during the whole of the period from
1 May 2023 to 31 July 2024

Francis Frederick Thorburn
Roi Carmeli


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 October 2024

And signed on behalf of the board by:
Name: Francis Frederick Thorburn
Status: Director

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Balance sheet

As at 31 July 2024

Notes 15 months to 31 July 2024 2023


£

£
Creditors: amounts falling due within one year: 3 ( 5,893 ) ( 4,546 )
Net current assets (liabilities): (5,893) (4,540)
Total assets less current liabilities: (5,893) ( 4,540)
Accruals and deferred income: ( 345 )
Total net assets (liabilities): (5,893) (4,885)
Members' funds
Profit and loss account: (5,893) ( 4,885)
Total members' funds: ( 5,893) (4,885)

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 3 October 2024
and signed on behalf of the board by:

Name: Francis Frederick Thorburn
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

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Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    15 months to 31 July 2024 2023
    Average number of employees during the period 2 2

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Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Creditors: amounts falling due within one year note

15 months to 31 July 2024 2023
£ £
Other creditors 5,893 4,546
Total 5,893 4,546

COMMUNITY INTEREST ANNUAL REPORT

NEGATIVE SPACE CIC

Company Number: SC659328 (Scotland)

Year Ending: 31 July 2024

Company activities and impact

The Company has continued to work at 71 Oxford Street with 6 resident visual artists and 3 resident resident musicians. Providing them with studio spaces to develop new creative works and their own artistic practices. The company has created exhibition and performance spaces for the residents to show their work through exhibitions and live performance events. We have facilitated the exhibiting of some of these works off-site in both England and Scotland through assistance with production, transportation, installation and critical discourse surrounding the artists practices. We have also set up a 3d workshop space on Bell Street to facilitate the making of objects and sculptural work for residents in order to encourage the production of new artwork and sharing of skills.

Consultation with stakeholders

The companies stake holders are visual artists and musicians in Glasgow and further afield. In particular the artists that have been on the facilitated residencies and used the spaces provided for the creative process. With each of our stakeholders we ask them what they would like to achieve from their residencies and then work together to facilitate the process and assist the artist/musician in achieving their vision and production of new work. The company is in constant communication with the individual stakeholders and tailors the provision of space and tools to support the individual needs of their projects and practices. This process is ongoing and is a result of constant consultation between the company and the artists that use our facilities.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
3 October 2024

And signed on behalf of the board by:
Name: Francis Frederick Thorburn
Status: Director