|||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|