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DYS SPACE LIMITED

Registered charity 1173430 · accounts filings on the Charity Commission register · also known as SPACE

space* is a bold, learning organisation which unlocks the potential of young people and their communities to provide a wide range of targeted, needs led, professional youth services across the whole of Devon.

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · Disability · Economic/community Development/employment · Recreation · website · Get email alerts

Latest income
£3.3m
Latest spending
£3.1m
Registered
2017
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a trading deficit of £761,664 for the year ended 31 March 2023, resulting in a net asset position of £619,062 after accounting for a pension liability. Per the trustees' report, unrestricted reserves of £570,385 were below the newly approved policy target of £775,000, prompting a significant post-balance sheet restructuring to restore financial stability.

Automated summary of the FY2023 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£70k)
“During the period one employee received emoluments between £ 60,000 and £70,000 (2022: one).” — page 62
Per its FY2023 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“During the period one employee received emoluments between £ 60,000 and £70,000 (2022: one).” — page 62
Per its FY2023 accounts as filed with the Charity Commission.
Reserves policy: 25% of turnover (£775,000) (held: £570k)
“This year the Board have reviewed and approved a new Reserves Policy which provides for Unrestricted Reserves of 25% of our turnover. For 2023/24 this would be £775,000.” — page 30
Per its FY2023 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“As a result, a significant restructure has been implemented, involving cost cutting and staffing reviews. This is set to move us back to an acceptable reserves position within 3 years.”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Staff trustees received remuneration for their employment roles, not as trustees.
“The chief executive and other staff Trustees only receive remuneration in respect of services they provide undertaking the roles of chief executive and staff members under their contracts of employment, and not in respect of their role as Trustees.” — page 62
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by PKF Francis Clark. Discloses 6 of 6 completeness components.

Public fundraising profile: JustGiving — Space Youth Services (matched by registered charity number).

Structured financials (annual return, FY ending 31/03/2025)

Total income
£3.3m
Total spending
£3.1m
Cost of raising funds
£9k
Reserves (reported)
£182k
Employees
93

Reported reserves equal ~0.7 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

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

Operates in: Devon

Income and spending

Financial year endIncomeSpending
31/03/2025£3.3m£3.1m
31/03/2024£3.1m£3.8m
31/03/2023£3.1m£4.1m
31/03/2022£4.1m£3.7m
31/03/2021£3.1m£2.8m

Common questions

Is DYS SPACE LIMITED financially healthy?

Per its FY2023 accounts: The accounts state that the charity reported a trading deficit of £761,664 for the year ended 31 March 2023, resulting in a net asset position of £619,062 after accounting for a pension liability. Per the trustees' report, unrestricted reserves of £570,385 were below the newly approved policy target of £775,000, prompting a significant post-balance sheet restructuring to restore financial stability. Its FY2023 accounts were audited by PKF Francis Clark.

What does the highest-paid employee of DYS SPACE LIMITED earn?

Per its FY2023 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.