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|||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|
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|||||||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|
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|||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|
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||||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|
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|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|
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|||||||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|
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|2021|2020|
|---|---|
||F|
|1,998|6,012|
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|||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|
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|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|
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|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|
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|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|
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|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|
##
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|||||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|
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