2021-03-31-accounts

		Pages
Trustees' Annual Report
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet
Statement ofCash flows
Notes tothe Accounts			10
Detailed Statement of Financial Activities		16to	17

Statement ofFinancial Activit for the year ended 31March	ies 2021
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
		2021	2021	2021	2020
	Notes		E	E
Income and endowments
from:
Donations and legacies					800
Charitable activities		29,403	91,388	120,791	75,067
Other trading activities		1,190		1,190	2,347
Other		17,927		17,927	200
Total		48,520	91,388	139,908	78,414
Expenditure on:
Charitable activities		5,548	49,936	55,484	58,901
Other		4,066	36,609	40,675	37,410
Total		9,614	86,545	96,159	96,311
Net gains on investments
Net income/(expenditure)		38,906	4,843	43,749	(17,897)
Transfers between funds
Net income/(expenditure) before other gains/(losses)		38,906	4,843	43,749	(17,897)
Other gains and losses
Net movement in funds		38,906	4,843	43,749	(17,897)
Reconciliation offunds:
Total funds brought forward		5,936	27,971	33,907	51,804
Total funds carried forward		44,842	32,814	77,656	33,907

at 31March 202	1	1
Company No.	05969189		Notes	2021 6	2020 f
Current assets
Debtors			11	35,591	5,115
Cash at bank and in hand				50,788	69,521
				86,379	74,636
Creditors: Amount		falling due within one year	12	(8,723)	(40,729)
Net current assets				77,656	33,907
Total assets less	current liabilities			77,656	33,907
Net assets excluding pension asset or liability				77,656	33,907
Total net assets				77,656	33,907
The funds ofthe	charity
Restricted funds
Restricted income funds				32,814	27,971
				32,814	27,971
Unrestricted funds			13
General funds				33,498	(13,568)
Designated funds				11,344	19,504
					5,936
Reserves			13
Total funds				77,656	33,907

			2021	2020
			6
Cash flows from operating	activities
Net income/(expenditure)	per Statement	ofFinancial Activities	43,749	(17,897)
Adjustments for:
Dividends, interest and	rents from investments		(17,927)	(200)
Other gains/losses
(Increase)/Decrease in trade and other		receivables	(30,476)	1,250
(Decrease)/Increase in trade and other		payables	(32,006)	36,675
Net cash [used in)/provided	by operating	activities	(36,660)	19,828
Cash flows from investing	activities
Dividends, interest and	rents from investments		17,927	200
Net cash from investing activities			17,927	200
Net cash from financing activities
Net (decrease)/increase in	cash and cash equivalents		(18,733)	20,028
Cash and cash equivalents	at the beginning	ofthe year	69,521	49,493
Cash and cash equivalents	at the end ofthe year		50,788	69,521
Components ofcash and cash equivalents
Cash and bank balances			50,788	69,521
			50,788	69,521

last year and no chan	last year and no chan	last year and no chan	ges have been made to accounts for previous years.
Fund accounting
Unrestricted		funds	These are available for use atthe discretion ofthe trustees in furtherance						of	the
			general objects ofthe charity.
Designated	funds		These are unrestricted funds earmarked by the trustees		for particular		purposes.
Revaluation		funds	These are unrestricted funds which include a revaluation			reserve representing					the
			restatement ofinvestment assets at their market values.
Restricted	funds		These are available for use subject to restrictions imposed			by the donor		or	through
			terms ofan appeal.
Income
Recognition		of	Income is included in the Statement of Financial Activities			(SoFA) when	the chadity
income			becomes entitled to, and virtually certain to receive, the		income and the			amount of
			the income can be measured with sufficient reliability.
Income with		related	Where income has related expenditure the income and		related expenditure					is
expenditure			reported gross in the SoFA.
Donations	and		Voluntary income received by way ofgrants, donations	and gifts is included					in		the
legacies			the SoFA when receivable and only when the Charity has			unconditional
			entitlement to the income.
Tax reclaims		on	Income from tax reclaims is included in the SoFAatthe	same time asthe
donations	and gifts		gift/donation to which it relates.
Donated services			These are only included in income (with an equivalent amount in expenditure)
and facilities			where the benefit to the Chaiity is reasonably quantifiable,			measurable		and
			material.
Volunteer	help		The value ofany volunteer help received is not included		in the accounts.
Investment		income	This is included in the accounts when receivable.
Gains/(losses) on			This includes any gain or loss resulting from revaluing investments to market							value
revaluation		offixed	at the end ofthe year.
assets
Gains/(losses) on			This includes any gain or loss on the sale of investments.
investment		assets

Expenditure
Recognition	of	Expenditure is recognised on an accruals basis. Expenditure includes any VAT
expenditure		which cannot be fully recovered, and is reported as part ofthe expenditure to
		which it relates.
Expenditure	on	These comprise the costs associated with attracting voluntary income, fundraising
raising funds		trading costs and investment management costs.
Expenditure	on	These comprise the costs incurred by the Charity in the delivery ofits activities and
charitable activities		services in the furtherance ofits objects, including the making ofgrants and
		governance costs.
Grants payabie		All grant expenditure is accounted for on an actual paid basis plus an accrual for
		grants that have been approved by the trustees at the end ofthe year but not yet
		paIcl.
Governance	costs	These include those costs associated with meeting the constitutional and statutory
		requirements ofthe Charity, including any audit/independent examination fees,
		costs linked to the strategic management ofthe Charity, together with a share of
		other administration costs.
Other expenditure		These are support costs not allocated to a particular activity.

3	Statement	ofBnanclal	Activities - prior year
				Unrestricted	Restricted
				funds	funds	Totalfunds
				2020	2020	2020
Income and endowments			from:
	Donations	and legacies		800		800
	Charitable	activities		2,782	72,285	75,067
	Other trading activities			2,347		2,347
	Other			200		200
Total				6,129	72,285	78,414
Expenditure on:
	Charitable	activities		2,500	56401	58901
	Other			3,741	33,669	37,410
Total				6,241	90,070	96,311
Net	income			(112)	(17,785)	(17,897)
Net	income before other
gains/(losses)				(112)	(17,785)	(17,897)
Other gains and losses:
Net	movement	in funds		(112)	(17,785)	(17,897)
Reconciliation		offunds:
Total funds brought forward				23,833	27,971	51,804
Total funds carried forward				23,721	10,186	33,907
4	Income from donations		and legacies
					Total	Total
					2021	2020
					E	E
	Donations					800
						800

5	Income from	chari	table	activities
					Unrestricted	Restricted	Total	Total
							2021	2020
	STEM Educational		Projects			91,388	91,388	75,067
	Festival ofScience		and		29,403		29,403
	Curiosity
					29,403	91,388	120,791	75,067
6	Income from	other trading activities
						Unrestricted	Total	Total
							2021	2020
	Workshops/Busking		Activities			1,190	1,190	2,347
						1,190	1,190	2,347
7	Other income
						Unrestricted	Total	Total
							2021	2020
	Gift Aid
	Covid support grant income					17,927	17,927
						17,927	17,927	200
8	Expenditure	on charitable activities
					Unrestricted	Restricted	Total	Total
							2021	2020
	Expenditure	on choritobie
	activities
	STEM Educational		Projects		5,548	49,936	55,484	58,901
	Governance	costs
					5,548	49,936	55,484	58,901
9	Other expenditure
					Unrestricted	Restricted	Total	Total
							2021	2020
	Employee costs				3,303	29,723	33,026	31,166
	Travel costs				89	808	897	1,409
	Premises costs				429	3,861	4,290	3,205
	General administrative			costs	119	1,083	1,202	610
	Legal and professional			costs	126	1,134	1,260	1,020
					4,066	36,609	40,675	37,410

10	Staff costs
	Salaries and	wages			33,026	31,166
					33,026	31,166
	No employee	received emoluments	in excess off60,000.
	The average	monthly number offull	time equivalent	employees	during the year was as follows:
					2021	2020
					Number	Number
	Project Management				2	1
					2
11	Debtors
					2021	2020
					E	g
	Prepayments	and accrued income			35,591	5,115
					35,591	5,115
12	Creditors:
	amounts falling due within one year
					2021	2020
					E	E
	Other taxes	and social security			1323	1,286
	Other creditors				5,000
	Accruals and	deferred income			2,400	39,443
					8,723	40,729

Movement	in fund	s
				Incoming
				resources			At31
					Resources	Gross
			At 1April	(including other	expended	transfers	March 2021
			2020	gainsllosses)
				f
Restricted funds:
Restricted income		funds:
STEM Educational		Projects	27,971	91,388	(86,545)		32,814
Total			27,971	91388	(86,545)		32,814
Unrestricted	funds:
General funds			(13,568)	48,520	(9,614)	8,160	33,498
Designated	funds:
Donations			19,504			(8,160)	11,344
Total			19,504			(8,160)	11,344
Revaluation	Reserves:
Total funds			33,907	139,908	(96,159)		77,656

14	Analysis ofne	t assets between funds
			Unrestricted	Restricted
			funds	funds	Total
			E		E
	Net current assets		31,677	45,979	77,656
			31677	45979	77,656
15	Reconciliation	ofnet debt
					At31
			At 1April		March
			2020	Cash flows	2021
			f	E	f
	Cash and cash	equivalents	69,521	(18,733)	50,788
			69,521	(18,733)	50,788
	Net debt		69,521	(18,733)	50,788

forthe year ended	31	M	arch 2021
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
				2021	2021	2021	2020
				E		6
Income and endowments			from:
Donations and legacies
Donations							800
							800
Charitable activities
STEM Educational	Projects				91,388	91,388	75,067
Festival ofScience	and		Curiosity	29,403		29,403
				29,403	91,388	120,791	75,067
Other trading activities
Workshops/Busking	Activities			1,190		1,190	2,347
				1,190		1,190	2,347
Other
Gift Aid
Covid support grant		income		17,927		17,927
				17,927		17,927	200
Total income and endowments				48,520	91,388	139,908	78,414
Expenditure on:
Charitable activities
STEM Educational	Projects			5,548	49,936	55,484	58,901
				5,548	49,936	55,484	58,901
Total ofexpenditure activities		on	charitable		49,936	55,484	58,901
Employee costs
Salaries/wages				3,303	29,723	33,026	31,166
				3,303	29,723	33,026	31,166
Motor and travel costs
Fares				89	80&	897	1,409
				89	808	897	1,409
Premises costs
Rent				352	3,164	3,515	2,670
Premises insurances				77	698	775	535
				429	3,861	4,290	3,205
General administrative			costs,
including depreciation			and
amortisation
Software, ITsupport and related				17	161	178	114
costs
Stationery and printing				102	922	1,024	496
				119	1,083	1,202	610

Ignite Futures Ltd Detailed Statement ofFinancial Activities	Ignite Futures Ltd Detailed Statement ofFinancial Activities
Legal and professional costs
Audit/Independent examination		126	1,134	1,260	1,020
fees
		126	1,134	1,260	1,020
Total ofexpenditure ofother costs		4,066	36,609	40,675	37,410
Totalexpenditure		9,614	86,545	96,159	96,311
Net gains on Investments
Net income/[expenditure)		38,906	4,843	43,749	(17,897)
Net income/(expenditure) other gains/(losses)	before	38,906	4,843	43,749	(17,897)
Other Gains
Net movement in funds		38,906	4,843	43,749	(17,897)
Reconciliation offunds:
Total funds brought forward		5,936	27,971	33,907	51,804
Total funds carried forward		44,842	32,814	77,656	33,907