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|Trustees|||Mr H Railton (Chairman)|Mr H Railton (Chairman)|Mr H Railton (Chairman)|||
|---|---|---|---|---|---|---|---|
||||Mr DAnthony|||||
||||Mr D Brockes|||||
||||Mrs S Flew|||||
||||Mrs P Gough|||||
||||Mr D Leyshon|||||
||||Dr J Preston|||||
||||Mr ASanderson|||||
||||Mr0 Chun|||(Appointed|1 February 2021)|
|Managing||Director|Mrs A Edward|||||
|Charity|number||1040572|||||
|Company||number|02957349|||||
|Registered||office|Surrey Technology||Centre|||
||||40 Occam Road|||||
||||Surrey Research||Park|||
||||Guildford|||||
||||Surrey|||||
||||GU2 7YE|||||
|Auditor|||Alliotts LLP|||||
||||Friary Court|||||
||||13-21 High Street|||||
||||Guildford|||||
||||Surrey|||||
||||GU1 3DL|||||
|Bankers|||NatWest
Bank|||||
||||Guildford
High|Street (A) Branch||||
||||151 Guildford|High Street||||
||||Guildford|||||
||||GU1 3AH|||||
##
|||Page|
|---|---|---|
|Trustees'
report||1 -11|
|Statement
ofTrustees'|responsibilities|12|
|Independent
auditor's|report|13-15|
|Statement
offinancial|activities|16-17|
|Balance sheet||18|
|Statement
ofcash flows||19|
|Notes to the financial|statements|20-32|
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|Current financial year|Current financial year||||||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|||
|||||general|designated||||
||||Notes|2021f|2021
F|2021|2021|2020
E|
|Income from:|||||||||
|Donations
and|legacies|||89,133||314,456|403,589|396,656|
|Charitable
activities||||280,248|||280,248|173,081|
|Investments||||47|||47|458|
|Total income||||369,428||314,456|683,884|570,195|
|Ex
ni
r|n:||||||||
|Raising funds||||20,363|||20,363|19,566|
|Charitable
activities||||225,866||291,102|516,968|522,794|
|Total resources expended||||246,229||291,102|537,331|542,360|
|Net incoming|resources|before|||||||
|transfers||||123,199||23,354|146,553|27,835|
|Gross transfers|between|funds||18,000|(18,000)||||
|Net income for the year/|||||||||
|Net movement|in funds|||141,199|(18,000)|23,354|146,553|27,835|
|Fund balances|at 1 September||||||||
|2020||||107,204|18,000|100,952|226,156|198,321|
|Fund balances|at 31August 2021|||248,403||124,306|372,709|226,156|
##
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|Prior financial|year|||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted
Unrestricted||Restricted|Total|
|||||funds|funds|funds||
|||||general|designated|||
|||||2020|2020|2020|2020|
||||Notes|F|||E|
|Income from:||||||||
|Donations
and|legacies|||76,853||319,803|396,656|
|Charitable
activities||||173,081|||173,081|
|Investments||||458|||458|
|Total income||||250,392||319,803|570,195|
|Ex
ni
r|n:|||||||
|Raising funds||||19,566|||19,566|
|Charitable
activities||||197,274||325,520|522,794|
|Total resources expended||||216,840||325,520|542,360|
|Net incoming|resources|before transfers||33,552||(5,717)|27,835|
|Gross transfers|between|funds||(18,000)|18,000|||
|Net income for the year/||||||||
|Net movement|in funds|||15,552|18,000|(5,717)|27,835|
|Fund balances|at 1 September 2019|||91,652||106,669|198,321|
|Fund balances|at 31August 2020|||107,204|18,000|100,952|226,156|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|||F||
|Fixed assets||||||||
|Tangible assets|||||29,581||39,426|
|Current assets||||||||
|Debtors|||12|12,467||31,171||
|Cash at bank and|in|hand||406,088||298,730||
|||||418,555||329,901||
|Creditors: amounts||falling due within one year|13|(75,427)||(143,171)||
|Net current assets|||||343,128||186,730|
|Total assets less|current liabilities||||372,709||226,156|
|Income funds||||||||
|Restricted funds|||15||124,306||100,952|
|Unrestricted
funds||||||||
|Designated
funds|||16|||18,000||
|General
unrestricted||funds||248,403||107,204||
||||||248,403||125,204|
||||||372,709||226,156|
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||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|F||F||
|Cash flows from operating||activities|||||||
|Cash generated
from operations||||20||107,311||19,390|
|Investing|activities||||||||
|Purchase|oftangible
fixed assets||||||(19,377)||
|Proceeds|on disposal oftangible||fixed||||||
|assets|||||||1,930||
|Investment|income received||||47||458||
|Net cash|generated
from/(used||in)||||||
|investing|activities|||||47||(16,989)|
|Net cash|used in financing|activities|||||||
|Net increase
in cash and cash|||equivalents|||107,358||2,401|
|Cash and|cash equivalents|at beginning||ofyear||298,730||296,329|
|Cash and|cash equivalents|at end of||year||406,088||298,730|
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|||
||||general||||
||||2021|2021|2021|2020|
|Donations|and gifts||42,370|314,456|356,826|359,818|
|Legacies received|||46,763||46,763||
|Coronavirus|Job Retention|Scheme||||36,838|
||||89,133|314,456|403,589|396,656|
##
||Unrestricted|Unrestricted|
|---|---|---|
||funds|funds|
||2021|2020|
||F|F|
|Schools and colleges|272,334|166,252|
|Other income|7,914|6,829|
||280,248|173,081|
##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||general|general|
|||2021|2020|
|Interest|receivable|47|458|
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|Fundraisin|and|ublici|
|---|---|---|
|Staff costs|||
|Support costs|||
|Fundraising|and|publicity|
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|general|general|
|2021|2020|
|20,336|18,735|
|27|831|
|20,363|19,566|
|20,363|19,566|
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|||||STEM|Construction|Employability|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
|Staff costs||||74,575|231,224|25,429|331,228|278,927|
|Depreciation|||||9,845||9,845|11,633|
|Associates||||13,501||6,795|20,296|44,178|
|Motor 8 Travel||||3,041|14,039|107|17,187|17,068|
|Materials|&Tools|||11,170|13,720||24,890|30,699|
|Office||||3,274|10,310||13,584|12,369|
|Other||||1,976|9,746|1,804|13,526|23,502|
|||||107,537|288,884|34,135|430,556|418,376|
|Share of|support costs (see note 8)||||||||
|||||18,972|50,966|6,022|75,960|93,757|
|Share of|governance||costs (see||||||
|note 8)||||2,610|7,013|829|10,452|10,661|
|||||129,119|346,863|40,986|516,968|522,794|
|Analysis|by fund||||||||
|Unrestricted||funds -|general|21,583|197,432|6,851|225,866|197,274|
|Restricted||funds||107,536|149,431|34,135|291,102|325,520|
|||||129,119|346,863|40,986|516,968|522,794|
##
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|8|Support costs|Support costs|||||
|---|---|---|---|---|---|---|
||||Support|Governance|2021|2020|
||||costs|costs|||
||Staff costs||25,596|2,844|28,440|43,466|
||Associates|||||50|
||Motor 8 Travel||412||412|1,404|
||Office||40,709||40,709|42,306|
||Other||8,222|66|8,288|11,485|
||Operating|lease payments|1,048||1,048|1,048|
||Audit and|accountancy||7,542|7,542|5,490|
||||75,987|10,452|86,439|105,249|
||Analysed|between|||||
||Fundraising||27||27|831|
||Charitable|activities|75,960|10,452|86,412|104,418|
||||75,987|10,452|86,439|105,249|
##
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|2021|2020|
|---|---|
|Number|Number|
|14|12|
|The full time|equivalent|number|ofemployees|in the year was 10(2020: 10).|||
|---|---|---|---|---|---|---|
|Employment|costs||||2021|2020|
|Wages and|salaries||||345,144|302,846|
|Social security costs|||||27,128|23,846|
|Other pension costs|||||7,732|6,765|
|Termination|payments|||||7,671|
||||||380,004|341,128|
|Tangible fix|ed assets|||||
|---|---|---|---|---|---|
||||Fixtures and Motor vehicles||Total|
||||fittings|||
|Cost||||||
|At 1 September 2020|||2,106|97,729|99,835|
|At 31August|2021||2,106|97,729|99,835|
|Depreciation|and impairment|||||
|At 1 September 2020|||2,106|58,303|60,409|
|Depreciation|charged|in the year||9,845|9,845|
|At 31August|2021||2,106|68,148|70,254|
|Carrying
amount||||||
|At 31August|2021|||29,581|29,581|
|At 31August|2020|||39,426|39,426|
##
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|12|Debtors||||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||Amounts
falling due||within one year:||F|E|
||Trade debtors||||8,193|24,871|
||Prepayments|and accrued income|||4,274|6,300|
||||||12,467|31,171|
|13|Creditors: amounts||falling due within one year||||
||||||2021|2020|
|||||Notes|F|E|
||Other taxation|and social security|||9,323|8,165|
||Deferred income|||14|52,410|115,098|
||Trade creditors||||2,986|8,829|
||Other creditors||||2,988|3,122|
||Accruals and deferred||income||7,720|7,957|
||||||75,427|143,171|
|14|Deferred income||||||
||||||2021|2020|
||||||F|E|
||Other deferred|income|||52,410|115,098|
##
##
##
|||Movement|in funds||Movement|in funds||
|---|---|---|---|---|---|---|---|
||Balance at|Incoming|Resources|Balance at|Incoming|Resources|Balance at|
||1 September|resources|expended|1 September|resources|expended|31August|
||2019|||2020|||2021|
||F|F||||||
|STEM||||||||
|Programme||||||||
|Fund|59,769|106,207|(128,324)|37,652|143,427|(107,738)|73,341|
|Mobile||||||||
|Classroom||||||||
|Fund||157,019|(157,019)||110,599|(110,599)||
|Mentoring||||||||
|Fund||42,255|(33,765)|8,490|40,430|(42,920)|6,000|
|Mobile Van||||||||
|Capital Fund|||||20,000|(20,000)||
|Fixed Assets||||||||
|Grants||||||||
|reserve|46,900|14,322|(6,412)|54,810||(9,845)|44,965|
||106,669|319,803|(325,520)|100,952|314,456|(291,102)|124,306|
##
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##
|||||Balance at|Transfers|Balance at|Resources|Balance at|
|---|---|---|---|---|---|---|---|---|
||||1|September||1 September|expended|31August|
|||||2019||2020||2021|
|Designated|Fund|- Covid-19|||18,000|18,000|(18,000)||
||||||18,000|18,000|(18,000)||
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##
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|||||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Within one year|||||||||||1,048|1,048|
||Between two and five|years||||||||||1,570|2,617|
|||||||||||||2,618|3,665|
|19|Related party transactions|||||||||||||
||Remuneration
of key|management|||personnel|||||||||
||The remuneration
of key management|||||personnel|||is as||follows.|||
|||||||||||||2021|2020|
|||||||||||||F|E|
||Aggregate
compensation|||||||||||47,582|46,916|
||There were no other related||party transactions|||||during||the year (2020: none).||||
|20|Cash generated
from|operations||||||||||2021|2020|
|||||||||||||F|E|
||Surplus for the year|||||||||||146,553|27,835|
||Adjustments
for:|||||||||||||
||Investment
income recognised|||in statement|||offinancial||||activities|(47)|(458)|
||Depreciation
and impairment|||oftangible||fixed assets||||||9,845|11,633|
||Movements
in working|capital:||||||||||||
||Decrease
in debtors|||||||||||18,704|42,011|
||(Decrease)
in creditors|||||||||||(5,056)|(22,887)|
||(Decrease)
in deferred|income||||||||||(62,688)|(38,744)|
||Cash generated
from|operations||||||||||107,311|19,390|
|21|Analysis ofchanges|in net|funds|||||||||||
||The charity had no debt during|||the year.||||||||||