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.
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
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 |