IDEA SPACE
Idea Space brings people together through shared artistic experiences, giving a platform to diverse voices. We build skills and confidence in the arts and help seed ideas to grow and support our participants and our community. We offer a welcoming and inclusive space for people of all ages as well as opportunities for training, mentoring and career advice in the creative industries.
Financial health, per its FY2025 accounts
The accounts state that the charity had total income of £59,200 and total expenditure of £41,158 for the year, resulting in a surplus. The trustees report that the current unrestricted balance of £2,975 is adequate relative to the year's unrestricted expenditure of £1,403, and most costs are covered by specific restricted grants.
What the accounts disclose
“The Trustees aim to build up reserves over the next 12 months to cover the equivalent of three months’ running costs.” — page 4
Trustees
- Ofotsuwa Agbenyochair
- Joanne Moss
- Katie Carvill
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £59k | £41k |
| 31/03/2024 | £29k | £38k |
| 31/03/2023 | £44k | £45k |
| 31/03/2022 | £28k | £24k |
Common questions
Is IDEA SPACE financially healthy?
Per its FY2025 accounts: The accounts state that the charity had total income of £59,200 and total expenditure of £41,158 for the year, resulting in a surplus. The trustees report that the current unrestricted balance of £2,975 is adequate relative to the year's unrestricted expenditure of £1,403, and most costs are covered by specific restricted grants. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 08/03/2024 | £20k | Art social |