The trustees present their annual report and financial statements for the year ended 30 November 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the company's governing document, the Companies Act 2006 and "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 2019).
The continuing aim and objective is to educate people in matters of local history through the use and involvement of oral history, archives, documents and exhibitions at the heart of the community. One of the ultimate objectives is to establish a permanent and fitting commemoration in the Lake District of the link between the child Holocaust Survivors and the local area that welcomed them in 1945.
We the Trustees of Another Space Limited confirm that we are aware of and have had regard to the Charity Commission's guidance on public benefit. We are aware that this is a Legal requirement in line with the Charities Act when exercising any powers or duties to which the guidance is relevant. As such we have taken it into account when making decisions to which the guidance is relevant.
Trustees are appointed with specific skills in mind that will benefit the operation and delivery of the charity's aims and objectives. Trustees who are selected are referred to Charity Commission Guidance on public benefit when reviewing aims and objectives and planning future activities.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the company should undertake.
The exhibition and project activities focus of 2024-25 continue to be on the archive, which has been assembled since 2005, and preparing it to become available online and throughout the transition to a proposed new build development in the future. An award of £80,000 from Arts Council England in August 2023 for "Echo Capture" archive and outreach project from the "Unlocking Collections" funding stream.
This was initially a two year project although the transfer of Centre for Archaeology from Stafford University to Huddersfield University in 2024 will mean a delay in completing the archive work until the archivist and the Center for Archaeology have moved from Stoke to Huddersfield.
The outreach work will be carried out by the Echo Capture Society youth group based at Lakes School
An grant of £15,000 for Echo Society from Westmorland and Furness Thrive scheme in September 2024 also contributed to Echo Capture outreach activities into 2025.
The ninety per cent completion for the Echo Capture project is to scheduled in the autumn of 2025 and final completion to be in early 2026.
The archive will develop into an online database and be much more orientated to younger audiences as well as to the existing older audiences.
Online talks and consultations continued the with UK Holocaust Memorial Foundation in Downing Street, 45 Aid Society (Holocaust Survivors) UK,
The exhibition and office space is provided free of charge as support from Cumbria County Council and is a welcome facility for the charity because it enables work to be carried out at the heart of the Lake District and in the location where the child survivors stayed in 1945.
Funding support for activities in 2024-2025 came from public donations and grant funding from Arts Council.
Total income for the year amounted to £37,316.
Reserves policy
Due to the fact that we are not a 'regularly funded' organisation we continue to rely on project-by-project funding via trusts and foundations. Therefore we continue to operate a no reserves policy, and have done so successfully since 2007.
Although we acknowledge the financial risk from the possibility of unforeseen expenditure, a shortfall in income, or an inability to control costs, we continue to operate this way and have therefore worked in recent years to ensure that our administrative costs are kept as low as possible and at a sustainable level.
Since 2013 we have been located in space at Windermere library, and employ people on a purely freelance/sessional basis.
We have improved our levels of voluntary support and run the charity from the library and from home locations. This facility is provided by Cumbria County Council as support, and the space, facilities, exhibition area, and overheads are provided at no cost to the charity.
We keep all our administration costs reduced significantly in order to reduce risk and ensure the overall resilience and sustainability of the charity.
However, it remains a responsibility of the administration and trustees to continue to research and develop ways to:
implement a sustainable reserves policy
raise the necessary funds to generate reserves at around 12% annually
diversify our funding base
mitigate the risks that might arise if the charity has to close suddenly
All Trustees oversee all financial activities of the charity and are involved at all stages of fundraising and applications for funding, project development, and delivery.
Another Space Limited is a registered charity. The governing document deed is dated 29 November 2009. The objective of the charity is to advance the education of the public in the subject of historic issues pertinent to the North West of England using an artistic approach.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up.
The trustees' report was approved by the Board of Trustees.
I report to the trustees on my examination of the financial statements of Another Space Limited (the company) for the year ended 30 November 2025.
Having satisfied myself that the financial statements of the company are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the company’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the company as required by section 386 of the Companies Act 2006.
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Another Space Limited is a public benefit entity and a private company limited by guarantee incorporated in England and Wales. The registered office is 20 Maple Close, Sedbergh, Cumbria, LA10 5JE.
The financial statements have been prepared in accordance with the company's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The company is a Public Benefit Entity as defined by FRS 102.
The company has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Cash donations are recognised on receipt. Other donations are recognised once the company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
In the application of the company’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The average monthly number of employees during the year was:
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
There were no disclosable related party transactions during the year (2024 - none).