|||Page| |---|---|---| |ReportoftheTrustees|1|
to 6| |IndependentExaminer'sReport||7| |StatementofFinancialActivities||8| |BalanceSheet|9|
to 10| |CashFlowStatement||11| |NotestotheCashFlowStatement||12| |NotestotheFinancialStatements|13|
to 20| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |INCOME FROM
Grants and donations
EXPENDITURE ON
Charitable activities
NET INCOME
RECONCILIATION OF FUNDS
Totalfundsbroughtforward
TOTAL FUNDS CARRIED FORWARD
Notes
2
3|Unrestricted
fund
£
155,923
102,820
53,103
444,615
497,718||Restricted
funds
£
732,069
736,841
(4,772)
11,278
6,506|2023
Total
funds
£
887,992
839,661
48,331
455,893
504,224|2022
Total
funds
£
718,243
656,904
61,339
394,554
455,893| |---|---|---|---|---|---| ||||||| ||||||| ## ## |Notes
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTALASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
12
Unrestricted funds
Restricted funds
TOTALFUNDS|2023
£
20,429
55,959
440,722
496,681
(12,886)
483,795
504,224
504,224
497,718
6,506
504,224||2022
£
29,645
115,969
388,479
504,448
(78,200)
426,248
455,893
455,893
444,615
11,278
455,893| |---|---|---|---| ||||| ## |Notes
Cashflowsfromoperatingactivities
Cash generated from operations
1
Net cash provided by operating activities
Cashflowsfrominvestingactivities
Purchaseoftangible fixed assets
Net cash usedininvesting activities
Change incashand cash
equivalentsin thereportingperiod
Cashandcashequivalentsatthe
beginningofthereportingperiod
Cash andcashequivalentsatthe
endofthereportingperiod|2023
£
55,100
55,100
(2,857)
(2,857)
52,243
388,479
440,722
2022
£
77,479
77,479
(33,287)
(33,287)
44, 192
344,287
388,479| |---|---| ## |1.|RECONCILIATIONOFNET INCOME TO NET CASH FLOW FROM|RECONCILIATIONOFNET INCOME TO NET CASH FLOW FROM|OPERATING|| |---|---|---|---|---| ||ACTIVITIES|||| ||||2023|2022| ||||£|£| ||Netincomeforthereportingperiod(asperthe|Statement||| ||ofFinancialActivities)||48,331|61,339| ||Adjustmentsfor:|||| ||Depreciation charges||12,073|5,682| ||Decreaseindebtors||60,010|(38, 138)| ||(Decrease)increditors||(65,314)|48,596| ||Netcashprovidedbyoperations||55,100|77,479| |2.|ANALYSIS OF CHANGESINNET FUNDS|||| |||At 1/7/22|Cash flowAt|30/6/23| |||£|£|£| ||Net cash|||| ||Cash at bank|388,479|52,243|440,722| |||388,479|52,243|440,722| ||Total|388,479|52,243|440,722| ## ## ## ## ## ## ## ## ## ## |**2023**
£
Company sponsors/project sponsorship
**142,219**
Awards&presentation days
**8,500**
Welsh Government Education Directorate
**164,231**
STEM Cymru Project
**356,925**
Miscellaneous income
**5,204**
Community Renewal Fund Grant
**210,913**
**887,992**|2022
£
95,544
21,599
162,215
278,694
1,066
159,125
718,243| |---|---| ## ## |**2023**
£
Staff costs
**477,375**
Consultants' fees
**53,726**
Depreciation
**12,073**
Travel&subsistence
**28,532**
Advertising, career publicity&recruitment
**371**
Legal, professional&consultancy
**97,728**
Office rent&rates
**17,721**
Insurance
**5,728**
Office equipment, maintenance&consumables
**27,959**
Bank charges&interest
**656**
Awards&presentation days, conferences&meetings
**102,134**
Printing, stationery, telephone&computer costs
**11,664**
Staff training
**3,994**
**839,661**|2022
£
427,206
36,212
5,682
20,024
2,383
47,550
13,989
6,981
22, 140
567
56,666
16,458
1,046
656,904| |---|---| ## ## ## ## |**2023**
£
Wages and salaries
**427,677**
Social security costs
**39,147**
Other pension costs
**10,551**
**477,375**|2022
£
382,711
34,670
9,825
427,206| |---|---| ||**2023**|2022| |---|---|---| |Administration|**13**|12| ||||**2023**|2022| |---|---|---|---|---| |£60,001|-|£70,000|**1**|1| ## ## |**7.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|| |---|---|---|---|---| |||Unrestricted|Restricted|Total| |||fund|funds|funds| |||£|£|£| ||**INCOME FROM**|||| ||Grants and donations|118,209|600,034|718,243| ||**EXPENDITUREON**|||| ||Charitable activities|26,404|630,500|656,904| ||**NET INCOME/(EXPENDITURE)**|91,805|(30,466)|61,339| ||**RECONCILIATION OF FUNDS**|||| ||Total funds brought forward|352,810|41,744|394,554| ||**TOTAL FUNDS CARRIED FORWARD**|444,615|11,278|455,893| |**8.**|**TANGIBLE FIXED ASSETS**|||| |||||Office| ||||equipment|| |||||£| ||**COST**|||| ||At 1 July 2022|||**97,350**| ||Additions|||**2,857**| ||At 30 June 2023|||**100,207**| ||**DEPRECIATION**|||| ||At 1 July 2022|||**67,705**| ||Charge for year|||**12,073**| ||At 30 June 2023|||**79,778**| ||**NET BOOK VALUE**|||| ||At30June 2023|||**20,429**| ||At 30 June 2022|||29,645| ## ## |Trade debtors
Otherdebtors
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security&other taxes
Othercreditors&accruals
Accrued expenses|||**2023**
2022
£
£
**51,500**
113,494
**4,458**
2,475
**55,959**
115,969
**2023**
2022
£
£
7,769
16, 153
**6,311**
21J132
**6,575**
33,146
**12,886**
78,200| |---|---|---|---| ||||| ||||| ## ||**2022**|2022| |---|---|---| ||£|£| |Within one year||| |Between one and five years|**16,040**|22,300| ||**16,040**|22,300| ## ## |Unrestrictedfunds
General fund
Restrictedfunds
STEM Cymru
TOTAL FUNDS
At 1/7/22
£
444,615
11,278
455,893|Net
movement
infunds
£
53, 103
(4,772)
48,331|At
30/6/23
£
497,718
6,506
504,224| |---|---|---| |Unrestrictedfunds
General fund
Restrictedfunds
STEM Cymru
Welsh Government Education Directorate
Community Renewal Fund
TOTAL FUNDS
Comparativesformovementinfunds
Unrestrictedfunds
General fund
Restrictedfunds
STEM Cymru
TOTAL FUNDS|Incoming
resources
£
155,923
356,925
164,231
210,913
732,069
887,992
At 1/7/21
£
352,810
41,744
394,554|Resources Movement
expended
infunds
£
£
(102,820)
53,103
(361,697)
(4,772)
(164,231)
(210,913)
(736,841)
(4,772)
(839,661)
48,331
Net
movement
At
infunds
30/6/22
£
£
91,805
444,615
(30,466)
11,278
61,339
455,893| |---|---|---| ## |**Unrestricted funds**
General fund
**Restricted funds**
STEM Cymru
Welsh Government Education Directorate
Community Renewal Fund
**TOTAL FUNDS**|Incoming
resources
£
118,209
278,694
162,215
159, 125
600,034
718,243|Resources
expended
£
(26,404)
(309, 160)
(162,215)
(159,125)
(630,500)
(656,904)|Movement
infunds
£
91,805
(30,466)
(30,466)
61,339| |---|---|---|---| ## ## ##