PROJECT SPACE LEEDS

Registered charity 1148716 · accounts filings on the Charity Commission register · also known as PSL

Operation of The Tetley, a centre for contemporary art and learning in a heritage building. Our activities exist to raise the visibility of contemporary art by providing support for emerging regional artists and we seek to increase the understanding of contemporary art by enabling the widest possible audiences to enjoy and engage with art in a friendly environment.

Causes: Education/training · Arts/culture/heritage/science · website · Get email alerts

Latest income
£458k
Latest spending
£353k
Registered
2012
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity delivered an operating surplus of £104,351 for the year ended March 2025, resulting in total unrestricted reserves of £377,365. This figure is significantly above the charity's stated policy target of approximately £100,000, which represents six months of overheads. The trustees confirm that future funding is secured up to early 2027 and that cash balances are forecast to remain positive.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: six months of overheads relating to charitable activities (held: £377k)
“The charity aims to hold unrestricted (free) group reserve levels sufficient to cover the cost of six months of overheads relating to charitable activities; in March 2025 this sum equated to approx. £100,000.” — page 10
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/03/2024)

Total income
£1.3m
Total spending
£1.2m
Cost of raising funds
£625k
Reserves (reported)
£279k
Employees
25

Reported reserves equal ~2.9 months of spending — below the median for charities its size (median 7.0 months; benchmarks).

Per its annual return, largest income source: Other trading activities (44% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 49.9% of total income — above the 90th percentile for charities its size (median 2.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bradford City · Kirklees · Leeds City

Income and spending

Financial year endIncomeSpending
31/03/2025£458k£353k
31/03/2024£1.3m£1.2m
31/03/2023£1.5m£1.6m
31/03/2022£1.3m£1.6m
31/03/2021£1.6m£1.1m

Common questions

Is PROJECT SPACE LEEDS financially healthy?

Per its FY2025 accounts: The accounts state that the charity delivered an operating surplus of £104,351 for the year ended March 2025, resulting in total unrestricted reserves of £377,365. This figure is significantly above the charity's stated policy target of approximately £100,000, which represents six months of overheads. The trustees confirm that future funding is secured up to early 2027 and that cash balances are forecast to remain positive. Its FY2025 accounts were independently examined.

Who funds PROJECT SPACE LEEDS?

Funders whose own accounts filings name PROJECT SPACE LEEDS as a grant recipient include LEEDS CULTURE TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
LEEDS CULTURE TRUSTFY2024£21kProject delivery

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund25/08/2023£151kInside Out
The National Lottery Community Fund30/09/2021£10kTiny Tetley 2.0