3SPACE
1) To promote the efficiency and effectiveness of charities and the effective use of charitable resources for the benefit of the public by providing charities, non-profit or community organisations with access to property in otherwise vacant units on a non-commercial basis; and2) To develop a robust community sector, supporting social enterprise and delivering public benefit.
Objects
(A) TO PROMOTE THE EFFICIENCY AND EFFECTIVENESS OF CHARITIES AND THE EFFECTIVE USE OF CHARITABLE RESOURCES FOR THE BENEFIT OF THE PUBLIC BY PROVIDING CHARITIES, NON-PROFIT OR COMMUNITY ORGANISATIONS WITH ACCESS TO PROPERTY IN OTHERWISE VACANT UNITS ON A NON-COMMERCIAL BASIS; AND(B) TO PROMOTE CHARITABLE USE OF PROPERTY AS A MEANS OF EMPOWERING COMMUNITIES, REGENERATING AREAS, DEVELOPING A ROBUST COMMUNITY SECTOR, SUPPORTING SOCIAL ENTERPRISE AND DELIVERING PUBLIC BENEFIT.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds decreased from £217,280 to £203,619 due to a net expenditure of £13,661. The trustees maintain a policy of keeping available funds in interest-bearing deposit accounts to meet liquidity requirements. The charity remains solvent with net current assets of £203,519 and no restricted funds.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which include the free reserves of the charity, at a level which the trustees think appropriate after considering the future commitments of the charity and the likely costs of the charity for the next year.” — page 7
“During the year the charity received donations of £120,222 (2024: £295,676), rental income of £93,152 (2024: £115,545) and received interest of £13,495 (2024: £8,568) from its subsidiary, 3Space Trading Ltd.” — page 17
“The company's investments at the balance sheet date in the share capital of companies include the following: 3Space Trading Ltd” — page 15
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2024
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2023
- Has a trading subsidiary
Structured financials (annual return, FY ending 31/03/2021)
Trustees
- ALEXANDER JAMES BROWNchair
- NICHOLAS DUNCAN ELLIOTT
- WILLIAM HYSLOP
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £229k | £243k |
| 31/03/2024 | £421k | £302k |
| 31/03/2023 | £320k | £322k |
| 31/03/2022 | £318k | £225k |
| 31/03/2021 | £1.1m | £993k |
Common questions
Is 3SPACE financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds decreased from £217,280 to £203,619 due to a net expenditure of £13,661. The trustees maintain a policy of keeping available funds in interest-bearing deposit accounts to meet liquidity requirements. The charity remains solvent with net current assets of £203,519 and no restricted funds. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DERBYSHIRE COMMUNITY FOUNDATION | 1 | £15k |
| EUROPEAN UNION FOR PROGRESSIVE JUDAISM | 1 | £14k |
| THE EDWARD CADBURY CHARITABLE TRUST | 1 | £6k |
| BAIN CHARITABLE TRUST | 1 | £4k |
| THE DIXIE ROSE FINDLAY CHARITABLE TRUST | 1 | £3k |
| DUCHY OF LANCASTER BENEVOLENT FUND | 1 | £2k |
| THE JOHN THAW FOUNDATION | 1 | £1k |
| WILMSLOW UNITED REFORMED CHURCH CHARITY | 1 | £1k |
Charities like this
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| 3SPACE | £229k | — | 0 | unclear | — | no doubt |
| SPACE ART | £35k | — | 0 | unclear | — | no doubt |
| SPACE | £256k | — | 0 | below | — | no doubt |
| VOLUNTARY SECTOR CENTRES | £1.7m | — | 0 | above | — | no doubt |
| EQUIPE | £42k | — | 0 | above | — | no doubt |
| SIMPLE REASON | £61k | — | 0 | unclear | — | no doubt |