INTERIM SPACES
Interim Spaces brings vacant and at-risk buildings back into public-benefit use, providing affordable workspace for people facing financial or economic barriers, supporting arts learning, public events and heritage engagement, and helping disadvantaged places recover through community, cultural and small-scale enterprise use while creating routes into work, self-employment and creative practice.
Objects
1. TO PREVENT OR RELIEVE FINANCIAL HARDSHIP AND TO RELIEVE UNEMPLOYMENT FOR THE PUBLIC BENEFIT IN SUCH WAYS AS THE TRUSTEES MAY FROM TIME TO TIME DECIDE.2. TO ADVANCE EDUCATION IN THE ARTS AND TO PROMOTE THE ARTS FOR THE PUBLIC BENEFIT IN SUCH WAYS AS THE TRUSTEES MAY FROM TIME TO TIME DECIDE.
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year with stable finances despite a small unrestricted deficit of £224. Per the trustees' report, unrestricted reserves were maintained at £29,423, which is consistent with the stated policy target of approximately three months of operating expenditure.
What the accounts disclose
“Total income: £122,579. Expenditure: £122,803, resulting in a small unrestricted deficit of £224.” — page 5
“The Trustees aim to maintain reserves equivalent to approximately three months of operating expenditure.” — page 5
“The charity owns 100% of it's trading subsidiary Interim Spaces Trading Limited.” — page 6
“The charity owns 100% of it's trading subsidiary Interim Spaces Trading Limited.” — page 6
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
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Trustees
- Jee Eun Lee-Fiorentino
- Joshua Neicho
- Jules Munns
- MARCUS WARRY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £123k | £123k |
| 31/03/2024 | £295k | £131k |
| 31/03/2023 | £105k | £101k |
| 31/03/2022 | £120k | £109k |
| 01/04/2021 | £78k | £71k |
Common questions
Is INTERIM SPACES financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended the year with stable finances despite a small unrestricted deficit of £224. Per the trustees' report, unrestricted reserves were maintained at £29,423, which is consistent with the stated policy target of approximately three months of operating expenditure. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Somerset Community Foundation | 10/08/2023 | £80k | 10 Market Square |
| UK government | 01/04/2023 | £24k | Community Ownership Fund |
| UK government | 01/04/2023 | £120k | Community Ownership Fund |
Funders of similar charities
Charities like this
- ART SERVICES GRANTS LIMITED
- Making Space For Crafts Ltd
- DYS SPACE LIMITED
- BESPACE
- SPACE
- ACTION SPACE LONDON EVENTS LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| INTERIM SPACES | £123k | — | 0 | within | — | no doubt |
| ART SERVICES GRANTS LIMITED | £5.9m | Over £60,000 | 1 | above | — | no doubt |
| Making Space For Crafts Ltd | £188k | — | 0 | above | — | no doubt |
| DYS SPACE LIMITED | £3.3m | £60,000 - £65,000 | — | below | — | no doubt |
| BESPACE | £201k | Under £60,000 | 0 | above | — | no doubt |
| SPACE | £256k | — | 0 | above | — | no doubt |