| 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 | 16to17 |
| forthe year ended 31March | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| 2023 | 2023 | 2023 | 2022 | ||
| Notes | E | E | E | ||
| Income and endowments | |||||
| from: | |||||
| Donations and legacies |
1,300 | ||||
| Charitable activities |
72,408 | 22,830 | 95,238 | 96,422 | |
| Other trading activities | 240 | 240 | 623 | ||
| Total | 72,648 | 22,830 | 95,478 | 98,345 | |
| Expenditure on: |
|||||
| Raising funds | 10,176 | 969 | 11,145 | ||
| Charitable activities |
24,572 | 5,058 | 29,630 | 24,461 | |
| Other | 71,649 | 4,611 | 76,260 | 70,544 | |
| Total | 106,397 | 10,638 | 117,035 | 95,005 | |
| Net gains on investments | |||||
| Net (expenditure)/income | (33,749) | 12,192 | (21,557) | 3,340 | |
| Transfers between funds |
|||||
| Net (expenditure)/income before other gains/(losses) |
(33,749) | 12,192 | (21,557) | 3,340 | |
| Other gains and losses | |||||
| Net movement in funds |
(33,749) | 12,192 | (21,557) | 3,340 | |
| Reconciliation offunds: |
|||||
| Total funds brought forward | 41,448 | 39,548 | 80,996 | 77,656 | |
| Total funds carried forward | 7,699 | 51,740 | 59,439 | 80,996 |
| at 31March 202 | 3 | 3 | 3 | |||
|---|---|---|---|---|---|---|
| Company No. |
05969189 | Notes | 2023 | 2022 | ||
| 6 | 6 | |||||
| Current assets | ||||||
| Debtors | 11 | 4,161 | 5,165 | |||
| Cash at bank | and | in hand | 61,680 | 80,092 | ||
| 65,841 | 85,257 | |||||
| Creditors: Amount | falling due within one year | 12 | (6,402) | (4,261) | ||
| Net current assets | 59,439 | 80,996 | ||||
| Total assets less | current liabilities | 59,439 | 80,996 | |||
| Net assets excluding | pension asset or liability | 59,439 | 80,996 | |||
| Total net assets | 59,439 | 80,996 | ||||
| The funds ofthe | charity | |||||
| Restricted funds | 13 | |||||
| Restricted income | funds | 51,740 | 39,548 | |||
| 51,740 | 39,548 | |||||
| Unrestrfcted funds |
13 | |||||
| General funds | 7,699 | 30,104 | ||||
| Designated funds |
11,344 | |||||
| 7,699 | 41,448 | |||||
| Reserves | 13 | |||||
| Total funds | 59,439 | 80,996 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| 6 | f | ||||
| Cash flows from operating | activities | ||||
| Net (expenditure)/Income | per Statement | of Financial Activities | (21,557) | 3,340 | |
| Adjustments for: |
|||||
| Other gains/losses | |||||
| Decrease in trade and | other receivables | 1,004 | 30,426 | ||
| Increase/(Decrease) in trade and other |
payabies | 63 | (4,512) | ||
| Net cash (used in)/provided | by operating | activities | (20,490) | 29,254 | |
| Net cash from investing activities |
|||||
| Net cash from financing activities | |||||
| Net (decrease)/increase | in | cash and cash equivalents | (20,490) | 29,254 | |
| Cash and cash equivalents | at the beginning | ofthe year | 80,092 | 50,788 | |
| Cash and cash equivalents | at the end ofthe year | 59,602 | 80,042 | ||
| Components ofcash and |
cash equivalents | ||||
| Cash and bank balances | 61,680 | 80,092 | |||
| 61,680 | 80,092 |
| Republic of Ireland | (FRS102)and the Companies Act 2006. |
||||||||
|---|---|---|---|---|---|---|---|---|---|
| Change in basis of | accounting orto previous accounts |
||||||||
| There has been no | change tothe accounting policies (valuation rules and method ofaccounting) |
since | |||||||
| fast year and no changes have been made to accounts for previous years. | |||||||||
| Fund accounting | |||||||||
| Unrestricted funds |
These are available for use at the 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 | charity | |||||
| 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 SoFAat 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 to the 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 |
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 |
| e Futures Ltd s tothe Accounts |
e Futures Ltd s tothe Accounts |
|||
|---|---|---|---|---|
| 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 of its activities and |
|
| charitable | activities | services in the furtherance ofits objects, including |
the making ofgrants and | |
| governance costs. |
||||
| Grants payable | 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 | |||
| paid. | ||||
| 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 |
of F | inancial | Activities - prior year | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | |||||
| 2022 | 2022 | 2022 | |||||
| Income and endowments | from: | ||||||
| Donations | and | legacies | 1,300 | 1,300 | |||
| Charitable | activities | 80,191 | 16,231 | 96,422 | |||
| Other trading activities | 623 | 623 | |||||
| Total | 82,114 | 16,231 | 98,345 | ||||
| Expenditure | on: | ||||||
| Charitable | activities | 22,015 | 2,446 | 24,461 | |||
| Other | 63,493 | 7,051 | 70,544 | ||||
| Total | 85,508 | 9,497 | 95,005 | ||||
| Net income | (3,394) | 6,734 | 3,340 | ||||
| Net income before | other | ||||||
| gains/(losses) | (3,394) | 6,734 | 3,340 | ||||
| Other gains and losses: | |||||||
| Net movement | in funds | (3,394) | 6,734 | 3,340 | |||
| Reconciliation | offunds: | ||||||
| Total funds brought | forward | 44,842 | 32,814 | 77,656 | |||
| Total funds carried | forward | 41,448 | 39,548 | 80,996 | |||
| 4 Income from donations |
and legacies | ||||||
| Total | Total | ||||||
| 2023 | 2022 | ||||||
| Donations | 1,300 | ||||||
| 1,300 |
| No | tes tothe Accounts | tes tothe Accounts | tes tothe Accounts | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 5 | Income from charitable | activities | |||||||
| Unrestricted | Restricted | Total | Total | ||||||
| 2023 | 2022 | ||||||||
| Curiosity-led community |
education projects |
and | 4,308 | 22,830 | 27,138 | 41,257 | |||
| Festival ofScience and | |||||||||
| Curiosity | 68,100 | 68,100 | 55,165 | ||||||
| 72,408 | 22,830 | 95,238 | 96,422 | ||||||
| 6 | Income from other | trading | activities | ||||||
| Unrestricted | Total | Total | |||||||
| 2023 | 2022 | ||||||||
| Workshops/Busking | Activities | 240 | 240 | 623 | |||||
| 240 | 623 | ||||||||
| 7 | Expenditure | on raising | funds | ||||||
| Unrestricted | Restricted | Total | Total | ||||||
| 2023 | 2022 | ||||||||
| Costs ofgenerating | voluntary | ||||||||
| income | |||||||||
| Consultancy | costs | 10,176 | 969 | 11,145 | |||||
| 10,176 | 969 | 11,145 | |||||||
| 8 | Expenditure | on charitable | activities | ||||||
| Unrestricted | Restricted | Total | Total | ||||||
| 2023 | 2022 | ||||||||
| Expenditure | on charitable | ||||||||
| activities | |||||||||
| Curiosity-led community |
education projects |
and | 12,644 | 5,058 | 17,702 | 24,461 | |||
| Festival ofScience and | |||||||||
| Curiosity | 11,928 | 11,928 | |||||||
| 24,572 | 5,058 | 29,630 | 24,461 |
| Unrestricted | Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| Employee | costs | 65,115 | 3,959 | 69,074 | 63,061 | ||||
| Travel costs | 289 | 54 | 343 | 239 | |||||
| Premises | costs | 3,600 | 400 | 4,000 | 3,938 | ||||
| General administrative | costs | 1,890 | 114 | 2,003 | 2,286 | ||||
| Legal and | professional | costs | 756 | 84 | 840 | 1,020 | |||
| 71,649 | 4,611 | 76,260 | 70,544 | ||||||
| 10 | Staffcosts | ||||||||
| 2023 | 2022 | ||||||||
| Salaries and | wages | 69,074 | 63,061 | ||||||
| 69,074 | 63,061 | ||||||||
| No employee | received | emoluments | in excess ofE60,000. | ||||||
| The average | monthly | number offull | time equivalent | employees | during the year was as follows: | ||||
| 2023 | 2022 | ||||||||
| Number | Number | ||||||||
| Project Management | 2 | 2 | |||||||
| 11 | Debtors | ||||||||
| 2023 | 2022 | ||||||||
| 6 | |||||||||
| Prepayments | and accrued income | 4,161 | 5,165 | ||||||
| 4,161 | 5,165 | ||||||||
| 12 | Creditors: | ||||||||
| amounts | falling due within one year | ||||||||
| 2023 | 2022 | ||||||||
| 6 | 6 | ||||||||
| Other taxes | and social | security | 1,874 | 1,811 | |||||
| Accruals | 4,528 | 2,450 | |||||||
| 6,402 | 4,261 |
| Movement | in funds | ||||||
|---|---|---|---|---|---|---|---|
| Incoming | |||||||
| resources | At 31 | ||||||
| Resources | Gross | ||||||
| At 1April | (including other |
expended | transfers | March 2023 |
|||
| 2022 | gains/losses) | ||||||
| f | |||||||
| Restricted funds: | |||||||
| Restricted income funds: | |||||||
| Curiosity-led | education | and | |||||
| community | projects | 39,548 | 22,830 | (10,638) | 51,740 | ||
| Total | 39,548 | 22,830 | (10,638) | 51,740 | |||
| Unrestricted | funds: | ||||||
| General funds | 30,104 | 72,648 | (106,397) | 11,344 | 7,699 | ||
| Designated | funds: | ||||||
| Donations | 11,344 | (11,344) | |||||
| Total | 11,344 | (11,344) | |||||
| Totalfunds | 80,996 | 95,478 | (117,035) | 59,439 |
| 14 | Analysis ofne | t assets between funds |
|||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Total | |||||
| funds | funds | ||||
| E | E | ||||
| Net current assets | 7,699 | 51,740 | 59,439 | ||
| 7,699 | 51,740 | 59,439 | |||
| 15 | Reconciliation | ofnet debt | |||
| At31 | |||||
| At1April | March | ||||
| 2022 | Cash flows | 2023 | |||
| E | f | f | |||
| Cash and cash | equivalents | 80,092 | (18,412) | 61,680 | |
| 80,092 | (18,412) | 61,680 | |||
| Net debt | 80,092 | (18,412) | 61,680 |
| Unrestricted | Restricted | |||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | Totalfunds | Total funds | |||||
| 2023 | 2023 | 2023 | 2022 | |||||
| 6 | ||||||||
| Income and endowments | from: | |||||||
| Donations and legacies |
||||||||
| Donations | 1,300 | |||||||
| 1,300 | ||||||||
| Charitable activities |
||||||||
| Curiosity-led education community projects |
and | 4,308 | 22,830 | 27,138 | 41,257 | |||
| Festival ofScience | and | Curiosity | 68,100 | 68,100 | 55,165 | |||
| 72,408 | 22,830 | 95,238 | 96,422 | |||||
| Other trading activities | ||||||||
| Workshops/Busking | Activities | 240 | 240 | 623 | ||||
| 240 | 623 | |||||||
| Total income and endowments | 72,648 | 22,830 | 95,478 | 98,345 | ||||
| Expenditure on: |
||||||||
| Costs ofgenerating | donations | and | ||||||
| legacies | ||||||||
| Consultancy costs |
10,176 | 969 | 11,145 | |||||
| 10,176 | 969 | 11,145 | ||||||
| Total ofexpenditure funds |
on | raising | 10,176 | 969 | 11,145 | |||
| Charitable activities |
||||||||
| Curiosity-led education |
and | |||||||
| community projects |
12,644 | 5,058 | 17,702 | 24,461 | ||||
| Festival ofScience | and | Curiosity | 11,928 | 11,928 | ||||
| 24,572 | 5,058 | 29,630 | 24,461 | |||||
| Total ofexpenditure activities |
on | charitable | 24,572 | 5,058 | 29,630 | 24,461 | ||
| Employee costs | ||||||||
| Salaries/wages | 65,115 | 3,959 | 69,074 | 63,061 | ||||
| 65,115 | 3,959 | 69,074 | 63,061 | |||||
| Motor and travel costs | ||||||||
| Travel and subsistence | 289 | 54 | 343 | 239 | ||||
| 289 | 54 | 343 | 239 | |||||
| Premises costs | ||||||||
| Rent | 3,600 | 400 | 4,000 | 3,887 | ||||
| Light, heat and power | 51 | |||||||
| 3,600 | 400 | 4,000 | 3,938 | |||||
| General administrative | costs | |||||||
| General insurances | 674 | 75 | 749 | 780 |
| Ignite Futures Ltd | |||||
|---|---|---|---|---|---|
| Detailed Statement ofFinancial Activities | |||||
| Software, ITsupport and |
related | 326 | 32 | 358 | 387 |
| costs | |||||
| Stationery and printing |
889 | 896 | 1,119 | ||
| 1,890 | 114 | 2,003 | 2,286 | ||
| Legal and professional costs |
|||||
| Accountancy and payroll |
756 | 84 | 840 | 1,020 | |
| 756 | 84 | 840 | 1,020 | ||
| Total ofexpenditure ofother costs |
71,649 | 4,611 | 76,260 | 70,544 | |
| Totalexpenditure | 106,397 | 10,638 | 117,035 | 95,005 | |
| Net gains on investments | |||||
| Net (expenditure)/income | (33,749) | 12,192 | (21,557) | 3,340 | |
| Net (expenditure)/income other gains/(losses) |
before | (33,749) | 12,192 | (21,557) | 3,340 |
| Other Gains | |||||
| Net movement in funds |
(33,749) | 12,192 | (21,557) | 3,340 | |
| Reconciliation offunds: | |||||
| Total funds brought forward | 41,448 | 39,548 | 80,996 | 77,656 | |
| Total funds carried forward | 7,699 | 51,740 | 59,439 | 80,996 |