| Trustees | Mr H Railton (Chairman) | Mr H Railton (Chairman) | Mr H Railton (Chairman) | |||||
|---|---|---|---|---|---|---|---|---|
| Mr DAnthony | (Resigned | 22 November | 2022) | |||||
| Mr D Brockes | (Resigned | 25 May 2022) | ||||||
| DrS Flew | ||||||||
| Mrs P Gough | ||||||||
| Mr D Leyshon | ||||||||
| DrJ Preston | ||||||||
| Mr A Sand erson | ||||||||
| Mr0Chun | ||||||||
| Mr S Patel | (Appointed | 29 November | 2022) | |||||
| Mr P Garrett | (Appointed | 8 November | 2022) | |||||
| 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 | ||||||||
| Independent | examiner | 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 -15 | ||
| Independent examiner's |
report | 16 | ||
| Statement | offinancial | activities | 17-18 | |
| Balance sheet | 19 | |||
| Statement | ofcash flows | 20 | ||
| Notes to | the financial | statements | 21 -32 |
| Current financial year | Current financial year | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | ||||||
| Notes | 2022 f |
2022 R |
2022 | 2021f | |||
| Income from: | |||||||
| Donations and |
legacies | 28,692 | 251,882 | 280,574 | 403,589 | ||
| Charitable activities |
378,139 | 378,139 | 280,248 | ||||
| Investments | 196 | 196 | 47 | ||||
| Total income | 407,027 | 251,882 | 658,909 | 683,884 | |||
| Ex enditure on: | |||||||
| Raising funds | 26,026 | 26,026 | 20,363 | ||||
| Charitable activities |
275,184 | 304,760 | 579,944 | 516,968 | |||
| Total expenditure | 301,210 | 304,760 | 605,970 | 537,331 | |||
| Net income/(expenditure) | for the yeari | ||||||
| Net movement | in funds | 105,817 | (52,878) | 52,939 | 146,553 | ||
| Fund balances | at 1 September 2021 | 248,403 | 124,306 | 372,709 | 226, 'i 56 | ||
| Fund balances | at 31August 2022 | 354,220 | 71,428 | 425,648 | 372,709 |
| Prior financial | year | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Restricted | Total | ||||
| funds | funds | funds | |||||
| general | designated | ||||||
| 2021 | 2021 | 2021 | 2021 | ||||
| Notes | f | ||||||
| Income from: | |||||||
| Donations and |
legacies | 89,133 | 314,456 | 403,589 | |||
| Charitable activities |
280,248 | 280,248 | |||||
| Investments | 47 | 47 | |||||
| Total income | 369,428 | 314,456 | 683,884 | ||||
| Ex enditure on: | |||||||
| Raising funds | 20,363 | 20,363 | |||||
| Charitable activities |
225,866 | 291,102 | 516,968 | ||||
| Total expenditure | 246,229 | 291,102 | 537,331 | ||||
| Gross transfers | between | funds | 18,000 | (18,000) | |||
| Net income/(expenditure) | for the year/ | ||||||
| Net movement | in funds | 141,199 | (18,000) | 23,354 | 146,553 | ||
| Fund balances | at 1 September 2020 | 107,204 | 18,000 | 100,952 | 226,156 | ||
| Fund balances | at 31August 2021 | 248,403 | 124,306 | 372,709 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | f | ||||||
| Fixed assets | |||||||
| Tangible assets | 12 | 54,598 | 29,581 | ||||
| Current assets | |||||||
| Debtors | 13 | 27,080 | 12,467 | ||||
| Cash at bank and | in | hand | 406,355 | 406,088 | |||
| 433,435 | 418,555 | ||||||
| Creditors: amounts | falling due within | ||||||
| one year | 14 | (62,385) | (75,427) | ||||
| Net current assets | 371,050 | 343,128 | |||||
| Total assets less | current liabilities | 425,648 | 372,709 | ||||
| Income funds | |||||||
| Restricted funds | 16 | 71,428 | 124,306 | ||||
| Unrestricted funds |
354,220 | 248,403 | |||||
| 425,648 | 372,709 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | E | F | ||||||
| Cash flows from operating | activities | |||||||
| Cash generated from operations |
20 | 43,29'I | 107,311 | |||||
| Investing | activities | |||||||
| Purchase | oftangible fixed assets |
(43,220) | ||||||
| Investment | income received | 196 | 47 | |||||
| Net cash | (used in)/generated | from | ||||||
| investing | activities | (43,024) | 47 | |||||
| Net cash | used in financing | activities | ||||||
| Net increase in cash and cash equivalents |
267 | 107,358 | ||||||
| Cash and | cash equivalents | at beginning | ofyear | 406,088 | 298,730 | |||
| Cash and | cash equivalents | at end of | year | 406,355 | 406,088 |
| Donations | and legacies | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | ||||
| general | |||||
| 2022 | 2022 | 2022 | 2021 | ||
| Donations | and gifts | 28,692 | 251,882 | 280,574 | 356,826 |
| Legacies | received | 46,763 | |||
| 28,692 | 251,882 | 280,574 | 403,589 |
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022f | 2021 | |
| Schools and colleges | 366,543 | 272,334 |
| Other income | 11,596 | 7,914 |
| 378,139 | 280,248 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| general | general | ||
| 2022 | 2021 | ||
| Interest | receivable | 196 | 47 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| general | general | |||
| 2022 | 2021 | |||
| E. | ||||
| Fundraisin | and | ublicit | ||
| Staff costs | 25,983 | 20,336 | ||
| Support costs | 43 | 27 | ||
| Fundra ising | and | publicity | 26,026 | 20,363 |
| 26,026 | 20,363 |
| STEM | Construction | Employability | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Staff costs | 76,658 | 253,272 | 35,731 | 365,661 | 331,228 | |||
| Depreciation | 18,203 | 18,203 | 9,845 | |||||
| Associates | 3,949 | 3,949 | 20,296 | |||||
| Motor 8 Travel | 4,498 | 25,202 | 398 | 30,098 | 17,187 | |||
| Materials 8 Tools | 14,091 | 21,504 | 24 | 35,619 | 24,890 | |||
| Office | 2,909 | 11,035 | 13,944 | 13,584 | ||||
| Other | 4,990 | 14,511 | 677 | 20,178 | 13,526 | |||
| 107,095 | 343,727 | 36,830 | 487,652 | 430,556 | ||||
| Share ofsupport costs (see note 8) | 19,342 | 60,193 | 6,450 | 85,985 | 75,960 | |||
| Share ofgovernance | costs (see note | |||||||
| 8) | 971 | 4,820 | 516 | 6,307 | 10,452 | |||
| 127,408 | 408,740 | 43,796 | 579,944 | 516,968 | ||||
| Analysis | by fund | |||||||
| Unrestricted | funds - | general | 16,955 | 251,263 | 6,966 | 275,184 | 225,866 | |
| Restricted | funds | 110,453 | 157,477 | 36,830 | 304,760 | 291,102 | ||
| 127,408 | 408,740 | 43,796 | 579,944 | 516,968 |
| Support c | osts | ||||
|---|---|---|---|---|---|
| Supportcosts | Governance | 2022 | 2021 | ||
| costs | |||||
| E | E | ||||
| Staff costs | 41,164 | 41,164 | 28,440 | ||
| Motor &Travel | 412 | ||||
| Office | 22,241 | 22,241 | 40,709 | ||
| Other | 22,623 | 429 | 23,052 | 8,288 | |
| Operating | lease payments | 1,048 | |||
| Audit and | accountancy | 5,878 | 5,878 | 7,542 | |
| 86,028 | 6,307 | 92,335 | 86,439 | ||
| Analysed | between | ||||
| Fundraising | 43 | 43 | 27 | ||
| Charitable | activities | 85,985 | 6,307 | 92,292 | 86,412 |
| 86,028 | 6,307 | 92,335 | 86,439 |
| 9 | Net movement | Net movement | in funds | 2022 | 2021 | ||
|---|---|---|---|---|---|---|---|
| E | |||||||
| Net movement | in funds | is stated | after charging/(crediting) | ||||
| Depreciation | of | owned tangible | fixed assets | 18,203 | 9,845 |
| Number of | employees | employees | |||||
|---|---|---|---|---|---|---|---|
| The average | monthly | number ofemployees | during the year was; | ||||
| 2022 | 2021 | ||||||
| Number | Number | ||||||
| Administration | 2 | ||||||
| Activity support | 5 | ||||||
| Tutors | 10 | ||||||
| 17 | 14 | ||||||
| The full time | equivalent | number ofemployees | in the year was 10(2021:10). | ||||
| Employment | costs | 2022 | 2021 | ||||
| f | F | ||||||
| Wages and | salaries | 394,163 | 337,473 | ||||
| Social security | costs | 30,007 | 27,128 | ||||
| Other pension | costs | 8,638 | 7,732 | ||||
| Termination | payments | 7,671 | |||||
| 432,808 | 380,004 |
| Tangible fixe | d assets | ||||
|---|---|---|---|---|---|
| Fixtures and Illlotor vehicles | Total | ||||
| fittings | |||||
| Cost | |||||
| At 1 September 2021 |
2,106 | 97,729 | 99,835 | ||
| Additions | 43,220 | 43,220 | |||
| At 31August | 2022 | 2,106 | 140,949 | 143,055 | |
| Depreciation | and impairment | ||||
| At 1 September 2021 | 2,106 | 68,148 | 70,254 | ||
| Depreciation | charged | in the year | 18,203 | 18,203 | |
| At 31August | 2022 | 2,106 | 86,351 | 88,457 | |
| Carrying amount |
|||||
| At 31August | 2022 | 54,598 | 54,598 | ||
| At 31August | 2021 | 29,581 | 29,581 |
| 13 | Debtors | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| Amounts | falling due | within | one year: | K | E | |||||
| Trade debtors | 16,686 | 8,193 | ||||||||
| Prepayments and accrued income |
10,394 | 4,274 | ||||||||
| 27,080 | 12,467 | |||||||||
| 14 | Creditors: amounts | falling | due within one | year | ||||||
| 2022 | 2021 | |||||||||
| Notes | F | F | ||||||||
| Other taxation and social |
security | 7,998 | 9,323 | |||||||
| Deferred | income | 43,300 | 52,410 | |||||||
| Trade creditors | 2,765 | 2,986 | ||||||||
| Other creditors | 1,511 | 2,988 | ||||||||
| Accruals | and deferred | income | 6,811 | 7,720 | ||||||
| 62,385 | 75,427 | |||||||||
| 15 | Deferred | income | ||||||||
| 2022 | 2021 | |||||||||
| Other deferred income |
43,300 | 52,410 | ||||||||
| Deferred | income is included | in the financial | statements | as follows: | ||||||
| 2022 | 2021f | |||||||||
| Deferred | income is included | within: | ||||||||
| Current | liabilities | 43,300 | 52,410 | |||||||
| Movements in the year: |
||||||||||
| Deferred | income at 1 September 2021 | 52,410 | 115,098 | |||||||
| Released from previous |
periods | (9,110) | (62,688) | |||||||
| Deferred | income at 31August 2022 | 43,300 | 52,410 |
| 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 | |
| 2020 | 202'I | 2022 | |||||
| f | E | ||||||
| STEM | |||||||
| Programme | |||||||
| Fund | 37,652 | 143,427 | (107,738) | 73,341 | 105,267 | (155,714) | 22,894 |
| Mobile | |||||||
| Classroom | |||||||
| Fund | 110,599 | (110,599) | 84,104 | (84,104) | |||
| Mentoring | |||||||
| Fund | 8,490 | 40,430 | (42,920) | 6,000 | 40,770 | (46,770) | |
| Mobile Van | |||||||
| Capital Fund | 20,000 | (20,000) | |||||
| Fixed Assets | |||||||
| Grants | |||||||
| reserve | 54,810 | (9,845) | 44,965 | 21,741 | (18,172) | 48,534 | |
| 100,952 | 314,456 | (291,102) | 124,306 | 251,882 | (304,760) | 71,428 |
| Analysis of |
net assets | between funds | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||
| f | f | ||||||
| Fund balances at 31 | |||||||
| August 2022 | are | ||||||
| represented | by: | ||||||
| Tangible assets | 54,598 | 54,598 | 29,581 | 29,581 | |||
| Current assets/(liabilities) | 299,622 | 71,428 | 371,050 | 218,822 | 124,306 | 343,128 | |
| 354,220 | 71,428 | 425,648 | 248,403 | 124,306 | 372,709 |
| non-cancellable operating leases, which fall due as follows |
: | |
|---|---|---|
| 2022 | 2021 | |
| E | ||
| Within one year | 1,048 | 1,048 |
| Between two and five years | 523 | 1,570 |
| 1,571 | 2,618 |
| 2022 | 2021 | ||
|---|---|---|---|
| F | |||
| Aggregate | compensation | 44,134 | 47,582 |
| 20 | Cash generated from |
Cash generated from |
operations | 2022 | 2021 | |||
|---|---|---|---|---|---|---|---|---|
| Surplus for | the year | 52,939 | 146,553 | |||||
| Adjustments | for: | |||||||
| investment | income recognised in statement |
offinancial | activities | (196) | (47) | |||
| Depreciation | and impairment oftangible |
fixed assets | 18,203 | 9,845 | ||||
| Movements | in working | capital: | ||||||
| (Increase)/decrease in |
debtors | (14,613) | 18,704 | |||||
| (Decrease) | in creditors | (3,932) | (5,056) | |||||
| (Decrease) | in deferred | income | (9,110) | (62,688) | ||||
| Cash generated from |
operations | 43,291 | 107,311 | |||||
| 21 | Analysis ofchanges |
in net funds |