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2021-06-30-accounts

Page
Report ofthe Trustees 1to6
Independent
Examiner's		 Report
Statement of Financial Activities
Balance Sheet 9 to 10
Cash Flow Statement
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 19

2021 2020
Unrestricted Restricted Total Total
fund funds funds funds
Notes E
INCOME FROM
Grants and donations 2 80,022 448,824 528,846 710,262
EXPENDITURE ON
Raising funds 39,418 420,572 459,990 662,555
NET INCOME 40,604 28,252 68,856 47,707
RECONCILIATION OF FUNDS
Total funds brought forward 312,206 13,492 325,698 277,991
TOTAL FUNDS CARRIED FORWARD 352,810 41,744 394554 325,698

2021 2020
Notes
FIXEDASSETS
Tangible assets 2,040 2,079
CURRENT ASSETS
Debtors 77,831 51,752
Cash at bank 344 287 329,560
422,118 381,312
CREDITORS
Amounts
falling due within one year		 10 (29,604) (57,693)
NET CURRENT ASSETS 394,554 323,619
TOTAL ASSETS LESSCURRENT
LIABILITIES 394,554 325,698
TOTAL ASSETS 394,554 325,698
FUNDS 12
Unrestricted
funds		 352,810 312,206
Restricted funds 41,744 13,492
TOTAL FUNDS 394,554 325,698

2021 2020
Notes F
Cash flows from operating activities
Cash generated
from operations
1		 16,686 71,026
Net cash provided
by operating
activities		 16,686 71,026
Cash flows from investing
activities
Purchase
oftangible
fixed assets		 ~1,959)
Net cash (used in)/provided by investing activities ~1,959)
Change
in cash and cash
equivalents
in the reporting
period 14,727 71,026
Cash and cash equivalents at the
beginning
ofthe reporting		 period 329,560 258,534
Cash and cash equivalents at the
end ofthe reporting
period		 344,287 329,560

1. RECONCILIATION RECONCILIATION OF NET INCOME TO NET CASH FLOW OF NET INCOME TO NET CASH FLOW FROM OPERATING FROM OPERATING
ACTIVITIES
2021 2020
F
Net income for the reporting period (as per the Statement
of Financial Activities) 68,856 47,707
Adjustments for:
Depreciation charges 1,998 6,012
(Increase)/decrease
in debtors
Decrease
in creditors		 (26,079)
~28,089)		 19,585
~2,278)
Net cash provided by operations 16686 71,026

ANALYSIS OF CHANGES
IN NE		 T FUNDS
At 1/7/20 Cash flow At 30/6/21
F
Net cash
Cash at bank 329,560 14,727 344,287
329,560 14,727 344,287
Total 329,560 14,727 344,287

2021 2020
Company
sponsors/project		 sponsorship 58,181 91,265.
Awards
8 presentation		 days 9,365 4,000
Welsh Government Education Directorate 136,000 165,102
STEM Cymru Project 312,824 421,410
Engineering
UK		 7,651 15,120
Miscellaneous
income		 3,032 368
Job retention
scheme		 1,793 12,997
528 846 710,262
RAISING FUNDS
Raising donations and legacies
2021 2020
Staff costs 324,642 440,121
Consultants'
fees		 16,395 38,461
Depreciation 1,998 6,012
Travel & subsistence 2,729 26,587
Advertising,
career		 publicity 8 recruitment 6,013 17,292
Legal, professional 8 consultancy 40,324 62,127
Office rent & rates 20,465 17,788
Miscellaneous
expenses		 3,420 909
Insurance 4„553 4,593
Office equipment, maintenance & consumables 6,507 7,156
Bank charges
8 interest		 532 609
Awards
8 presentation		 days, conferences 8 meetings 11,079 29,667
Printing,
stationery,		 telephone & computer costs 18,648 10,519
Staff training 2,685 714
459,990 662,555

2021 2020
F
1,998 6,012

2021 2020
f.
Wages and salaries 290,499 396,898
Social security costs 26,173 36,002
Other pension costs 7,970 7,221
324,642 440,121

2021 2020
9 11
he numb
xceeded		 er
of employees
whose
employee
F60,000was:		 benefits
(excluding
employer
pe		 nsion
co
2021 2020
F80,001 - F90,000 1

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
E
INCOME FROM
Grants and donations 123,750 586,512 710,262
EXPENDITURE ON
Raising funds 82,808 579,747 662,555
NET INCOME 40,942 6,765 47,707
RECONCILIATION OF FUNDS
Total funds brought forward 271,264 6,727 277,991
TOTAL FUNDS CARRIED
FORWARD 312,206 13,492 325,698
8. TANGIBLE FIXEDASSETS
Office
equipment
COST
At 1 July 2020
Additions		 62,104
1,959
At 30June 2021 64,063
DEPRECIATION
At 1 July 2020
Charge for year		 60„025
1,998
At 30June 2021 62 023
NET BOOK VALUE
At 30June 2021 2,040
At 30June 2020 2,079

9. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR FALLING DUE WITHIN ONE YEAR
2021 2020
F
Trade debtors 69,056 51,752
P repayments 8,775
77831 51,752
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
Trade creditors 4,430 796
Social security 8 other taxes 6,307 8,949
Other creditors 8 accruals 2,498 25,016
Accrued expenses 16,369 22,932
29,604 57,693

Minimum
lease payments
under non-cancellable		 operating
leases fall due as foll		 ows:
2021 2020
Within one year 625 7,175
Between one and five years 1,300
625 8,475

12. MOVEMENT IN FUNDS FUNDS
Net
movement At
At 1/7/20 in funds 30/6/21
Unrestricted funds
General
fund		 312,206 40,604 352,810
Restricted funds
STEM Cymru 13,492 28,252 41,744
TOTAL FUNDS 325,698 68,856 394,554
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
E
Unrestricted funds
General
fund		 80,022 (39,418) 40,604
Restricted funds
STEM Cymru 312,824 (284,572) 28,252
Welsh Government Education Directorate 136,000 ~136,000)
448,824 ~420 572) 28,252
TOTAL FUNDS 528,846 (459,990) 68,856
Comparatives for movement in funds
Net
movement At
At 1/7/19 in funds 30/6/20
F
Unrestricted funds
General
fund		 271,264 40,942 312,206
Restricted funds
STEM Cymru 6,727 6,765 13,492
TOTAL FUNDS 277,991 47,707 325,698

Incoming Resources Movement
resources expended in funds
Unrestricted funds
General
fund		 123,750 (82,808) 40,942
Restricted funds
STEM Cymru 421,410 (414,645) 6,765
Welsh Government Education Directorate 165,102 ~165,102)
566,512 (579,747) 6,765
TOTAL FUNDS 710,262 ~662,555) 47,707