| Pages | |||
|---|---|---|---|
| Trustees' Annual Report |
|||
| Independent Examiner's |
Report | ||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Statement ofCash flows | 10 | ||
| Notes tothe Accounts | |||
| Detailed Statement ofFinancial Activities | 12to | 19 |
| forthe year | ended 31March | 2022 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Notes | E | E | E | |||
| Income and | endowments | |||||
| from: | ||||||
| Donations | and legacies | 1,300 | 1,300 | |||
| Charitable | activities | 80,191 | 16,231 | 96,422 | 120,791 | |
| Other trading activities | 623 | 623 | 1,190 | |||
| Other | 17,927 | |||||
| Total | 82,114 | 16,231 | 98,345 | 139,908 | ||
| Expenditure | on: | |||||
| Charitable | activities | 22,015 | 2,446 | 24,461 | SS,484 | |
| Other | 63,493 | 7,051 | 70,544 | 40,675 | ||
| Total | 85,508 | 9,497 | 95,005 | 96,159 | ||
| Net gains on | investments | |||||
| Net income | (3,394) | 6,734 | 3,340 | 43,749 | ||
| Transfers between funds | ||||||
| Net income | before other | |||||
| gains/(losses) | (3,394) | 6,734 | 3,340 | 43,749 | ||
| Other gains | and losses | |||||
| Net movement in funds |
(3,394) | 6,734 | 3,340 | 43,749 | ||
| Reconciliation offunds: |
||||||
| Total funds brought forward | 32,814 | 77,656 | 33,907 | |||
| Total funds carried forward | 41,448 | 39,548 | 80,996 | 77,656 |
| Company No. |
05969189 | 05969189 | Notes | 2022 | 2021 |
|---|---|---|---|---|---|
| 6 | 6 | ||||
| Current assets | |||||
| Debtors | 11 | 5,165 | 35,591 | ||
| Cash at bank and in hand | 80,092 | 50,788 | |||
| 85,257 | 86,379 | ||||
| Creditors: Amount | falling due within one year | 12 | (4,261) | (8,723) | |
| Net current assets | 80,996 | 77,656 | |||
| Total assets less | current liabilities | 80,996 | 77,656 | ||
| Net assets excluding pension asset or liability | 80,996 | 77,656 | |||
| Total net assets | 80,996 | 77,656 | |||
| The funds ofthe | charity | ||||
| Restricted funds | |||||
| Restricted income funds |
39,548 | 32,814 | |||
| 39,548 | 32,814 | ||||
| Unrestricted funds |
13 | ||||
| General funds | 30,104 | 33,498 | |||
| Designated funds |
11,344 | 11,344 | |||
| 41,448 | |||||
| Reserves | 13 | ||||
| Total funds | 80,996 | 77,656 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| g | 6 | |||
| Cash flows from operating | activities | |||
| Net income per Statement | ofFinancial Activities | 43,749 | ||
| Adjustments for: |
||||
| Decrease/(Increase) in trade and other |
receivables | 30,426 | (30,476) | |
| Decrease in trade and other payables | (4,512) | (32,006) | ||
| Net cash provided by/(used |
in) operating | activities | 29,254 | (36,660) |
| Net cash from investing activities |
17,927 | |||
| Net cash from gnanclng activities |
||||
| Net increase/(decrease) in |
cash and cash equivalents | 29,254 | (18,733) | |
| Cash and cash equivalents | atthe beginning | ofthe year | 50,788 | 69,521 |
| Cash and cash equivalents | at the end ofthe year | 80,042 | 50,788 | |
| Components ofcash and cash equivalents |
||||
| Cash and bank balances | 80,092 | 50,788 | ||
| 80,092 | 50,788 |
| applicable | in the UK and Republic ofIreland (FRS102)and the Companies Act |
in the UK and Republic ofIreland (FRS102)and the Companies Act |
2006. | |||
|---|---|---|---|---|---|---|
| Change in |
basis ofaccounting orto previous accounts | |||||
| There has | been no | change tothe accounting policies (valuation rules and method ofaccounting) |
since | |||
| last year and no changes have been made to accounts for previous years. | ||||||
| Fund accounting | ||||||
| Unrestricted funds |
These are available for use atthe discretion ofthe trustees in furtherance |
ofthe | ||||
| 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 ofFinancial Activities (SoFA) when the |
|||||
| income | charity becomes entitled to, and virtually certain to receive, the income |
and | the | |||
| amount ofthe 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 | ||
| legacies | the 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 SoFA at the |
same time as the | ||||
| 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 tothe Charity 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 |
|||||
| revaluation | offixed | value atthe end ofthe year. | ||||
| assets | ||||||
| Gains/(losses) on |
This includes any gain or loss on the sale ofinvestments. | |||||
| investment | assets |
| 3 | Statement | o | f Financial | Activities - prior | year | ||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||||
| funds | funds | Total funds | |||||||
| 2021 | 2021 | 2021 | |||||||
| Income and endowments | from: | ||||||||
| Charitable | activities | 29,403 | 91,388 | 120,791 | |||||
| Other trading | activities | 1,190 | 1,190 | ||||||
| Other | 17,927 | 17,927 | |||||||
| Total | 48,520 | 91,388 | 139,908 | ||||||
| Expenditure on: |
|||||||||
| Charitable | activities | 5,548 | 49,936 | 55,484 | |||||
| Other | 4,066 | 36,609 | 40,675 | ||||||
| Total | 9,614 | 86,545 | 96,159 | ||||||
| Net | income | 38,906 | 4,843 | 43,749 | |||||
| Net income before other gains/(losses) |
38,906 | 4,843 | 43,749 | ||||||
| Other gains and | losses: | ||||||||
| Net | movement | in funds | 38,906 | 4,843 | 43,749 | ||||
| Reconciliation | offunds: | ||||||||
| Total funds brought forward | 5,936 | 27,971 | 33,907 | ||||||
| Total funds carried forward | 44,842 | 32,814 | 77,656 | ||||||
| 4 | Income from | donations | and legacies | ||||||
| Unreslricted | Total | Total | |||||||
| 2022 | 2021 | ||||||||
| Donations | 1,300 | 1,300 | |||||||
| 1,300 | 1,300 | ||||||||
| 5 | Income from | charitable | activities | ||||||
| Unrestricted | Restricted | Total | Total | ||||||
| 2022 | 2021 | ||||||||
| Curiosity-led education community projects |
and | 25,026 | 16,231 | 41,257 | 91,388 | ||||
| Festival of Curiosity |
Science and | 55,165 | 55,165 | 29,403 | |||||
| 80,191 | 16,231 | 96,422 | 120,791 |
| Unrestricted | Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| E | E | ||||||||
| Workshops/Busking | Activities | 623 | 623 | 1,190 | |||||
| 623 | 623 | 1,190 | |||||||
| 7 | Other income | ||||||||
| Total | Total | ||||||||
| 2022 | 2021 | ||||||||
| E | F. | ||||||||
| Covid support grant income | 17,927 | ||||||||
| 17,927 | |||||||||
| 8 | Expenditure | on charitable | activities | ||||||
| Unrestricted | Restricted | Total | Total | ||||||
| 2022 | 2021 | ||||||||
| Expenditure | on charitable | ||||||||
| activities | |||||||||
| Curiosity-led community |
education projects |
and | 22,015 | 2,446 | 24,461 | 55,484 | |||
| 22,015 | 2,446 | 24,461 | 55,484 | ||||||
| 9 | Other expenditure | ||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| 2022 | 2021 | ||||||||
| Employee costs | 56,758 | 6,303 | 63,061 | 33,026 | |||||
| Travel costs | 215 | 24 | 239 | 897 | |||||
| Premises costs | 3,544 | 394 | 3,938 | 3,515 | |||||
| General administrative | costs | 2,058 | 228 | 2,286 | 1,977 | ||||
| Legal and professional | costs | 918 | 102 | 1,020 | 1,260 | ||||
| 63,493 | 7,051 | 70,544 | 40,675 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Salaries and | wages | 63,061 | 33,026 | |||||
| 63,061 | 33,026 | |||||||
| No employee received emoluments | in excess of660,000. | |||||||
| The average | monthly | number offull | time equivalent | employees | during the year was as follows: | |||
| 2022 | 2021 | |||||||
| Number | Number | |||||||
| Project Management | 2 | 2 | ||||||
| 11 | Debtors | |||||||
| 2022 | 2021 | |||||||
| 6 | ||||||||
| Prepayments | and accrued income | 5,165 | 35,591 | |||||
| 5,165 | 35,591 | |||||||
| 12 | Creditors: | |||||||
| amounts | falling due within one year | |||||||
| 2022 | 2021 | |||||||
| 6 | ||||||||
| Other taxes | and social security | 1,811 | 1,323 | |||||
| Other creditors | 5,000 | |||||||
| Accruals | 2,4SO | 2,400 | ||||||
| 4,261 | 8,723 |
| Movement | in funds | |||||
|---|---|---|---|---|---|---|
| Incoming | ||||||
| resources | At31 | |||||
| Resources | ||||||
| At 1April | (including other |
expended | March 2022 |
|||
| 2021 | gains/losses) | |||||
| Restricted funds: | ||||||
| Restricted income funds: | ||||||
| Curiosity-led | education | and | ||||
| community | projects | 32,814 | 16,231 | (9,497) | 39,548 | |
| Total | 32,814 | 16,231 | (9,497) | 39,548 | ||
| Unrestricted | funds: | |||||
| General funds | 33,498 | 82,114 | (85,508) | 30,104 | ||
| Designated | funds: | |||||
| 11,344 | 11,344 | |||||
| Total | 11,344 | 11,344 | ||||
| Total funds | 77,656 | 98,345 | (95,005) | 80,996 |
| 14 | Analysis ofne | t assets between funds | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Total | |||||
| funds | funds | ||||
| f | f | f | |||
| Net current assets | 31,951 | 49,045 | 80,996 | ||
| 31,951 | 49,045 | 80,996 | |||
| 15 | Reconciliation | ofnet debt | |||
| At 31 | |||||
| At 1April | March | ||||
| 2021 | Cash flows | 2022 | |||
| f | |||||
| Cash and cash | equivalents | 50,788 | 29,304 | 80,092 | |
| 50,788 | 29,304 | 80,092 | |||
| Net debt | 50,788 | 29,304 | 80,092 |
| Unrestricted | Restricted | ||||||
|---|---|---|---|---|---|---|---|
| funds | funds | Total funds | Total funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| E | E | f | E | ||||
| Income and endowments | from: | ||||||
| Donations and legacies |
|||||||
| Donations | 1,300 | 1,300 | |||||
| 1,300 | 1,300 | ||||||
| Charitable activities |
|||||||
| Curiosity-led education community projects |
and | 25,026 | 16,231 | 41,257 | 91,388 | ||
| Festival ofScience and | Curiosity | 55,165 | 55,165 | 29,403 | |||
| 80,191 | 16,231 | 96,422 | 120,791 | ||||
| Other trading activities | |||||||
| Workshops/Busking | Activities | 623 | 623 | 1,190 | |||
| 623 | 623 | 1,190 | |||||
| Other | |||||||
| Covid support grant | income | 17,927 | |||||
| 17,927 | |||||||
| Total income and endowments | 82,114 | 16,231 | 98,345 | 139,908 | |||
| Expenditure on: |
|||||||
| Charitable activities |
|||||||
| Curiosity-led education community projects |
and | 22,015 | 2,446 | 24,461 | 55,484 | ||
| 22,015 | 24,461 | 55,484 | |||||
| Total ofexpenditure activities |
on | charitable | 22,015 | 2,446 | 24,461 | 55,484 | |
| Employee costs | |||||||
| Salaries/wages | 56,758 | 6,303 | 63,061 | 33,026 | |||
| 56,758 | 6,303 | 63,061 | 33,026 | ||||
| Motor and travel costs | |||||||
| Travel and subsistence | 215 | 24 | 239 | 897 | |||
| 215 | 24 | 239 | 897 | ||||
| Premises costs | |||||||
| Rent | 3,498 | 3&9 | 3,887 | 3,515 | |||
| Light, heat and power | 46 | 5 | 51 | ||||
| 3,544 | 394 | 3,938 | 3,515 | ||||
| General administrative | costs | ||||||
| Generalinsurances | 702 | 78 | 780 | 775 | |||
| Software, ITsupport costs |
and related | 348 | 39 | 387 | 178 | ||
| Stationery and printing | 1,008 | 1,119 | 1,024 | ||||
| 2,058 | 228 | 2,286 | 1,977 |
| Ignite Futures Ltd Detailed Statement ofFinancial Activities |
Ignite Futures Ltd Detailed Statement ofFinancial Activities |
||||
|---|---|---|---|---|---|
| Legal and professional costs |
|||||
| Accountancy and |
payroll | 918 | 102 | 1,020 | 1,260 |
| 918 | 102 | 1,020 | 1,260 | ||
| Total ofexpenditure | ofother costs | 63,493 | 7,051 | 70,544 | 40,675 |
| Total expenditure | 85,508 | 9,497 | 95,005 | 96,159 | |
| Net gains on investments | |||||
| Net income | (3,394) | 6,734 | 3,340 | 43,749 | |
| Net income before gains/(losses) |
other | (3,394) | 6,734 | 3,340 | 43,749 |
| Other Gains | |||||
| Net movement in funds |
(3,394) | 6,734 | 3,340 | 43,749 | |
| Reconciliation offunds: |
|||||
| Total funds brought | forward | 44,842 | 32,814 | 77,656 | 33,907 |
| Total funds carried | forward | 41,448 | 39,548 | 80,996 | 77,656 |