## 



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## 

|Trustees||||Mr SPatel (Chairman)|Mr SPatel (Chairman)|Mr SPatel (Chairman)|||(Appointed|29 November|2022)|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Mr SAtkinson|||||(Appointed|1 September|2023)|
|||||Dr S Flew||||||||
|||||Mr P Garrett|||||(Appointed|8 November|2022)|
|||||Mrs P Gough||||||||
|||||Mr D Leyshon||||||||
|||||Mr ASanderson||||||||
|||||Mr0 Chun||||||||
|||||Mr H Railton|||||(Resigned|20 November|2023)|
|||||Mr DAnthony|||||(Resigned|22 November|2022)|
|||||DrJ Preston|||||(Resigned|21 July 2023)||
|CEO||||Mr AWhitby-Collins||(appointed||1|March 2024)|||
|||||Mrs A Edwards|(resigned||1 March||2024)|||
|Charity|number|||1040572||||||||
|Company||number||02957349||||||||
|Registered|||office|Surrey Technology||Centre||||||
|||||40 Occam Road||||||||
|||||Surrey Research Park||||||||
|||||Guildford||||||||
|||||Surrey||||||||
|||||GU2 7YE||||||||
|Independent|||examiner|Chris SCairns||||||||
|||||Friary Court||||||||
|||||13-21 High Street||||||||
|||||Guildford||||||||
|||||Surrey||||||||
|||||GU1 3DL||||||||
|Bankers||||NatWest Bank||||||||
|||||Guildford<br>High|Street (A)||Branch|||||
|||||151 Guildford|High|Street||||||
|||||Guildford||||||||
|||||GU1 3AH||||||||





## 

||||Page|
|---|---|---|---|
|Trustees'<br>report|||1-12|
|Independent<br>examiner's||report|13|
|Statement offinancial|activities||14|
|Balance sheet|||15|
|Statement ofcash flows|||16|
|Notes to the financial|statements||17-27|





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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2023|2023||2022|2022|2022|
|||Notes|||||||
|Income from:|||||||||
|Donations<br>and legacies|||16,339|230,131|246,470|28,692|251,882|280,574|
|Charitable<br>activities|||353,996||353,996|378,139||378,139|
|Investments|||3,721||3,721|196||196|
|Total income|||374,056|230,131|604,187|407,027|251,882|658,909|
|Expenditure<br>on:|||||||||
|Raising funds|||30,638||30,638|26,026||26,026|
|Charitable<br>activities|||318,345|279,809|598,154|275,184|304,760|579,944|
|Total expenditure|||348,983|279,809|628,792|301,210|304,760|605,970|
|Net income/(expenditure)||and|||||||
|movement<br>in funds|||25,073|(49,678)|(24,605)|105,817|(52,878)|52,939|
|Reconciliation|offunds:||||||||
|Fund balances at 1 September|||||||||
|2022|||354,220|71,428|425,648|248,403|124,306|372,709|
|Fund balances|at 31August||||||||
|2023|||379,293|21,750|401,043|354,220|71,428|425,648|





## 

## 

||||||2023|||2022||
|---|---|---|---|---|---|---|---|---|---|
||||Notes|||||||
|Fixed assets||||||||||
|Tangible assets|||13|||65,598|||54,598|
|Current assets||||||||||
|Debtors|||14|43,354|||27,080|||
|Cash at bank and in||hand||394,950|||406,355|||
|||||438,304|||433,435|||
|Creditors:|amounts|falling due within|15|||||||
|one year||||102,859|||62,385|||
|Net current|assets|||||335,445|||371,050|
|Total assets less current liabilities||||||401,043|||425,648|
|The funds|ofthe charity|||||||||
|Restricted|income funds||17|||21,750|||71,428|
|Unrestricted|funds|||||379,293|||354,220|
|||||||401,043|||425,648|





## 

## 

|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Cash flows from operating||activities||||||
|Cash generated<br>from operations|||21||17,567||43,291|
|Investing|activities|||||||
|Purchase|oftangible<br>fixed assets|||(32,693)||(43,220)||
|Investment|income received|||3,721||196||
|Net cash|used in investing|activities|||(28,972)||(43,024)|
|Net cash|used in financing|activities||||||
|Net (decrease)/increase<br>in||cash and|cash|||||
|equivalents|||||(11,405)||267|
|Cash and|cash equivalents|at beginning|ofyear||406,355||406,088|
|Cash and|cash equivalents|at end of|year||394,950||406,355|





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|Unrestricted|Restricted|Total|Total|
|---|---|---|---|
|funds|funds|||
|general||||
|2023|2023|2023|2022|
|F|F|F|F|
|16,339|230,131|246,470|280,574|



## 

|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023|2022|
|343,972|366,543|
|10,024|11,596|
|353,996|378,139|



|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2023|2022|
|f.||
|3,721|196|



|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2023|2022|
|||f||
|Fundraising|and publicity|||
|Staff costs||30,006|25,983|
|Support costs||632|43|
|||30,638|26,026|





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|||||STEM|Construction|Employability|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
|Staff costs||||81,882|260,236|43,077|385,195|365,661|
|Depreciation|||||21,693||21,693|18,203|
|Associates||||701|||701|3,949|
|Motor 8 Travel||||2,054|26,968|125|29,147|30,098|
|Materials|&Tools|||5,735|22,406||28,141|35,619|
|Office||||2,296|14,789||17,085|13,944|
|Other||||12,975|12,735|535|26,245|20,178|
|||||105,643|358,827|43,737|508,207|487,652|
|Share of|support costs (see note 8)|||17,135|60,830|7,711|85,676|85,985|
|Share of|governance||costs (see note||||||
|8)||||1,073|2,851|347|4,271|6,307|
|||||123,851|422,508|51,795|598,154|579,944|
|Analysis|by fund||||||||
|Unrestricted||funds -|general|27,916|282,584|7,845|318,345|275,184|
|Restricted||funds||95,935|139,924|43,950|279,809|304,760|
|||||123,851|422,508|51,795|598,154|579,944|





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## 

|8|Support|costs|costs|||||
|---|---|---|---|---|---|---|---|
|||||Support costs|Governance|2023|2022|
||||||costs|||
||||||F|||
||Staff costs|||30,437||30,437|41,164|
||Motor &Travel|||1,221||1,221||
||Office|||20,914||20,914|22,241|
||Other|||33,736|188|33,924|23,052|
||Independent||Examiner fees||4,083|4,083|5,878|
|||||86,308|4,271|90,579|92,335|
||Analysed|between||||||
||Fundraising|||632||632|43|
||Charitable||activities|85,676|4,271|89,947|92,292|
|||||86,308|4,271|90,579|92,335|



||Governance<br>costs includes|Governance<br>costs includes|payments|payments|for an independent|examination|ofF2,810(2022-f2,556).||
|---|---|---|---|---|---|---|---|---|
|9|Net movement|in funds|||||2023|2022|
||Net movement|in funds is|stated|after|charging/(crediting)||||
||Depreciation<br>of|owned tangible||fixed|assets||21,693|18,203|



## 



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|||||2023|2022|
|---|---|---|---|---|---|
|||||Number|Number|
|Administration||||1|2|
|Activity support||||6|5|
|Tutors||||10|10|
|||||17|17|
|The full time equivalent|number|ofemployees|in the year was 12(2022: 10).|||
|Employment<br>costs||||2023|2022|
||||||F|
|Wages and salaries||||408,330|394,163|
|Social security costs||||30,045|30,007|
|Other pension costs||||7,263|8,638|
|||||445,638|432,808|



## 



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|13|Tangible fixed assets|Tangible fixed assets|Tangible fixed assets||||
|---|---|---|---|---|---|---|
|||||Fixtures and|Motor|Total|
|||||fittings|vehicles||
||Cost||||||
||At 1 September 2022|||2,106|140,949|143,055|
||Additions||||32,693|32,693|
||At 31August|2023||2,106|173,642|175,748|
||Depreciation|and impairment|||||
||At 1 September 2022|||2,106|86,351|88,457|
||Depreciation|charged|in the year||21,693|21,693|
||At 31August|2023||2,106|108,044|110,150|
||Carrying<br>amount||||||
||At 31August|2023|||65,598|65,598|
||At 31August|2022|||54,598|54,598|
|14|Debtors||||||
||||||2023|2022|
||Amounts<br>falling due||within one year:||K|F|
||Trade debtors||||19,520|16,686|
||Prepayments|and accrued income|||23,834|10,394|
||||||43,354|27,080|
|15|Creditors: amounts||falling due within one year||||
||||||2023|2022|
|||||Notes|||
||Other taxation|and social security|||8,867|7,998|
||Deferred income|||16|79,719|43,300|
||Trade creditors||||5,157|2,765|
||Other creditors||||2,377|1,511|
||Accruals and|deferred|income||6,739|6,811|
||||||102,859|62,385|
|16|Deferred income||||||
||||||2023|2022|
|||||||F|
||Other deferred<br>income||||79,719|43,300|





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|Deferred income is|included<br>in the financial statements<br>as follo|ws:||
|---|---|---|---|
|||2023|2022|
|Deferred income is|included<br>within:|||
|Current<br>liabilities||79,719|43,300|
|Movements<br>in the year:||||
|Deferred income at|1 September 2022|43,300|52,410|
|Released from previous<br>periods|||(9,110)|
|Resources deferred|in the year|36,419||
|Deferred income at|31August 2023|79,719|43,300|



## 

||||At 1|Incoming|Resources|At|31August|
|---|---|---|---|---|---|---|---|
||||September|resources|expended||2023|
||||2022|||||
||||||K|||
|STEM Programme||Fund|22,894|87,791|(95,935)||14,750|
|Mobile Classroom||Fund||89,422|(82,422)||7,000|
|Mentoring|Fund|||38,800|(38,800)|||
|Fixed Assets Grants reserve|||48,534|14,118|(62,652)|||
||||71,428|230,131|(279,809)||21,750|
|Previous|year:||At 1|Incoming|Resources|At|31August|
||||September|resources|expended||2022|
||||2021|||||
|STEM Programme||Fund|73,341|105,267|(155,714)||22,894|
|Mobile Classroom||Fund||84,104|(84,104)|||
|Mentoring|Fund||6,000|40,770|(46,770)|||
|Fixed Assets Grants reserve|||44,965|21,741|(18,172)||48,534|
||||124,306|251,882|(304,760)||71,428|





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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds||
||||2023f|2023|2023|
|Fund balances at 31August 2023 are represented||by:||||
|Tangible|assets||65,598||65,598|
|Current|assets/(liabilities)||313,695|21,750|335,445|
||||379,293|21,750|401,043|
||||Unrestricted|Restricted|Total|
||||funds|funds||
||||2022|2022|2022|
||||||F|
|Fund balances at 31August 2022 are represented||by:||||
|Tangible|assets||54,598||54,598|
|Current|assets/(liabilities)||299,622|71,428|371,050|
||||354,220|71,428|425,648|



## 

||2023|2022|
|---|---|---|
|Within one year|11,851|1,048|
|Between two and five years|33,041|523|
||44,892|1,571|





## 

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## 

||Remuneration<br>of key|management|personnel|personnel|personnel||||||
|---|---|---|---|---|---|---|---|---|---|---|
||The remuneration<br>of key management|||personnel|||is as|follows.|||
||||||||||2023|2022|
||Aggregate<br>compensation||||||||42,588|44,134|
||There were no other related<br>party transactions|||||during the year (2022: none).|||||
|21|Cash generated<br>from|operations|||||||2023|2022|
||(Deficit)/surpus<br>for the|year|||||||(24,605)|52,939|
||Adjustments<br>for:||||||||||
||Investment<br>income recognised<br>in statement||||offinancial|||activities|(3,721)|(196)|
||Depreciation<br>and impairment<br>oftangible|||fixed assets|||||21,693|18,203|
||Movements<br>in working|capital:|||||||||
||(Increase)<br>in debtors||||||||(16,274)|(14,613)|
||Increase/(decrease)<br>in|creditors|||||||4,055|(3,932)|
||Increase/(decrease)<br>in|deferred<br>income|||||||36,419|(9,110)|
||Cash generated<br>from|operations|||||||17,567|43,291|
|22|Analysis ofchanges|in net funds|||||||||