THE AUXILIARY PROJECT SPACE CIC

Company limited by guarantee

Company Registration Number:
10718125 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

THE AUXILIARY PROJECT SPACE CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE AUXILIARY PROJECT SPACE CIC

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 30 September 2024

Anna Byrne
Paul Harrington
Kypros Kyprianou
Edel O'Reilly
William Slevin


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
21 June 2025

And signed on behalf of the board by:
Name: Anna Byrne
Status: Director

THE AUXILIARY PROJECT SPACE CIC

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 243,714 162,900
Cost of sales: ( 153,772 ) ( 60,820 )
Gross profit(or loss): 89,942 102,080
Administrative expenses: ( 81,756 ) ( 91,372 )
Operating profit(or loss): 8,186 10,708
Interest payable and similar charges: ( 3,500 ) ( 3,500 )
Profit(or loss) before tax: 4,686 7,208
Tax: ( 2,213 ) ( 2,564 )
Profit(or loss) for the financial year: 2,473 4,644

THE AUXILIARY PROJECT SPACE CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 295,550 302,510
Total fixed assets: 295,550 302,510
Current assets
Debtors: 4 1,385 0
Cash at bank and in hand: 48,812 54,300
Total current assets: 50,197 54,300
Creditors: amounts falling due within one year: 5 ( 60,279 ) ( 63,508 )
Net current assets (liabilities): (10,082) (9,208)
Total assets less current liabilities: 285,468 293,302
Creditors: amounts falling due after more than one year: 6 ( 244,763 ) ( 255,070 )
Total net assets (liabilities): 40,705 38,232
Members' funds
Profit and loss account: 40,705 38,232
Total members' funds: 40,705 38,232

The notes form part of these financial statements

THE AUXILIARY PROJECT SPACE CIC

Balance sheet statements

For the year ending 30 September 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.

This report was approved by the board of directors on 21 June 2025
and signed on behalf of the board by:

Name: Anna Byrne
Status: Director

The notes form part of these financial statements

THE AUXILIARY PROJECT SPACE CIC

Notes to the Financial Statements

for the Period Ended 30 September 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Freehold property 2% straight line Fixtures and fittings 25% reducing balance

THE AUXILIARY PROJECT SPACE CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 2

THE AUXILIARY PROJECT SPACE CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 309,774 6,205 315,979
Additions
Disposals
Revaluations
Transfers
At 30 September 2024 309,774 6,205 315,979
Depreciation
At 1 October 2023 10,325 3,144 13,469
Charge for year 6,195 765 6,960
On disposals
Other adjustments
At 30 September 2024 16,520 3,909 20,429
Net book value
At 30 September 2024 293,254 2,296 295,550
At 30 September 2023 299,449 3,061 302,510

THE AUXILIARY PROJECT SPACE CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
£ £
Prepayments and accrued income 1,385 0
Total 1,385 0

THE AUXILIARY PROJECT SPACE CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 6,667 6,667
Taxation and social security 2,213 2,564
Accruals and deferred income 40,997 43,875
Other creditors 10,402 10,402
Total 60,279 63,508

THE AUXILIARY PROJECT SPACE CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 76,110 82,777
Other creditors 168,653 172,293
Total 244,763 255,070

COMMUNITY INTEREST ANNUAL REPORT

THE AUXILIARY PROJECT SPACE CIC

Company Number: 10718125 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

The auxiliary project space is an organisations that provides both artistic facilities as well as development and training opportunities and increase profile for artists through exhibitions and events. In addition our community programme develops workshops and events for schoolchildren in Middlesbrough and local community groups to engage with art and creative practices. I In the year ending 30th September 2024, The Auxiliary activities focused on artistic and community programme development as well as overseeing the capital development at 31 station street. The directors made strategic plans around this development and updated both the board of directors, the oversight group, former studio holders and all signed up to the newsletter on building updates, festival programmes including sonic arts week 2024 and benchmarking research trips with the team and invited artists to Glasgow International festival. Sonic arts Week attracted audiences of almost 7,000 in late June and early July around Middlesbrough with a local and international programme of artists, musicians and performers as well as the child-focused and family friendly workshop series ‘ summit for the bairns’. An environmental strategy policy was also researched and produced within this year improving our practices around environmental impact. This was reviewed by the oversight group. There were delays in the capital project completing due to issues with adjacent land to Network Rail, which delayed re-opening of the studios. Offices operated at pineapple black in Middlesbrough and plans continued to re-open the artists facilities of studios and exhibition spaces for the following year. There was a transition of executive directors in August due to a secondment. Quarterly community meals looks place throughout the year, organised by our community connector, engaging artists, freelancers and community groups around current conditions in Middlesbrough, these became an important event and model for conversations following the riots in August 2024.

Consultation with stakeholders

The Auxiliary Project Space has a board of directors who meet quarterly to update on the finances, operations, vision and strategy in the year 2023/2024 the company directors were: Anna Byrne, William Slevin, Paul Harrington, Edel O’ Reilly and Kypros Kyprianou. In addition, the directors also report quarterly to an Oversight Group, a non-legal entity recommended for organisations in the Arts Council Englands National Portfolio Organisations. In the year 2023/24 the members of the Oversight Group were: Vanessa Rawlings-Jackson, Mark Robinson, Martha Cattall, Andrea Cavan and Lisa Nelson. This group also met quarterly to review updates on Arts Council investment principles set out in the auxiliary’s NPO agreement. We worked in consultation with primary public funders of our programmes Arts Council England, Borderlands and Middlesbrough Council across several programmes.

Directors' remuneration

There was no remuneration paid to directors as salaries in the year ending 30th September 2024. Incoming director Edel O Reilly received £5,535 as self employed in this financial year. Anna Byrne and William Slevin are paid through Creative Management NE, a ltd company set up to manage their payments for work in the Creative sector.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
21 June 2025

And signed on behalf of the board by:
Name: Edel O'Reilly
Status: Director