|||Pages|
|---|---|---|
|Trustees'<br>Annual<br>Report|||
|Independent<br>Examiner's|Report||
|Statement ofFinancial Activities|||
|Balance Sheet|||
|Statement ofCash flows|||
|Notes tothe Accounts||10|
|Detailed Statement of Financial Activities||16to17|





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|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<br>and legacies|||||1,300|
|Charitable<br>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<br>on:||||||
|Raising funds||10,176|969|11,145||
|Charitable<br>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<br>between<br>funds||||||
|Net (expenditure)/income<br>before other gains/(losses)||(33,749)|12,192|(21,557)|3,340|
|Other gains and losses||||||
|Net movement<br>in funds||(33,749)|12,192|(21,557)|3,340|
|Reconciliation<br>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|





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|at 31March 202|3|3|3||||
|---|---|---|---|---|---|---|
|Company<br>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<br>funds||||13|||
|General funds|||||7,699|30,104|
|Designated<br>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<br>for:||||||
|Other gains/losses||||||
|Decrease in trade and|other receivables|||1,004|30,426|
|Increase/(Decrease)<br>in trade and other|||payabies|63|(4,512)|
|Net cash (used in)/provided||by operating|activities|(20,490)|29,254|
|Net cash from investing<br>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<br>ofcash and|cash equivalents|||||
|Cash and bank balances||||61,680|80,092|
|||||61,680|80,092|





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|Republic of Ireland|(FRS102)and the Companies<br>Act 2006.|||||||||
|---|---|---|---|---|---|---|---|---|---|
|Change in basis of|accounting<br>orto previous accounts|||||||||
|There has been no|change tothe accounting<br>policies (valuation<br>rules and method ofaccounting)||||||since|||
|fast year and no changes have been made to accounts for previous years.||||||||||
|Fund accounting||||||||||
|Unrestricted<br>funds|These are available for use at the discretion ofthe trustees<br>in furtherance||||||of|the||
||general objects ofthe charity.|||||||||
|Designated<br>funds|These are unrestricted<br>funds earmarked<br>by the trustees||for particular||purposes.|||||
|Revaluation<br>funds|These are unrestricted<br>funds which include<br>a revaluation|||reserve representing|||||the|
||restatement<br>ofinvestment<br>assets at their market values.|||||||||
|Restricted funds|These are available for use subject to restrictions<br>imposed|||by the donor||or|through|||
||terms ofan appeal.|||||||||
|Income||||||||||
|Recognition of|Income is included<br>in the Statement of Financial Activities|||(SoFA) when|the||charity|||
|income|becomes entitled to, and virtually<br>certain to receive, the||income and the|||amount of||||
||the income can be measured<br>with sufficient reliability.|||||||||
|Income with related|Where income has related expenditure<br>the income and||related expenditure|||||is||
|expenditure|reported<br>gross in the SoFA.|||||||||
|Donations<br>and|Voluntary<br>income received<br>by way ofgrants, donations|and gifts is included|||||in||the|
|legacies|the SoFA when receivable<br>and<br>only when the Charity has|||unconditional||||||
||entitlement<br>to the income.|||||||||
|Tax reclaims on|Income from tax reclaims<br>is included<br>in the SoFAat the|same time as the||||||||
|donations<br>and gifts|gift/donation<br>to which it relates.|||||||||
|Donated services|These are only included<br>in income (with an equivalent<br>amount<br>in expenditure)|||||||||
|and facilities|where the benefit to the Charity<br>is reasonably<br>quantifiable,|||measurable||and||||
||material.|||||||||
|Volunteer<br>help|The value ofany volunteer<br>help received<br>is not included||in the accounts.|||||||
|Investment<br>income|This is included<br>in the accounts when receivable.|||||||||
|Gains/(losses)<br>on|This includes any gain or loss resulting<br>from revaluing<br>investments<br>to market|||||||value||
|revaluation<br>offixed|at the end ofthe year.|||||||||
|assets||||||||||
|Gains/[losses)<br>on|This includes any gain or loss on the sale of investments.|||||||||
|investment<br>assets||||||||||





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



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|3<br>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<br>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<br>community|education<br>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<br>community|education<br>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<br>other|expended|transfers|March<br>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<br>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<br>and legacies|||||||||
|Donations||||||||1,300|
|||||||||1,300|
|Charitable<br>activities|||||||||
|Curiosity-led<br>education<br>community<br>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<br>on:|||||||||
|Costs ofgenerating|donations|||and|||||
|legacies|||||||||
|Consultancy<br>costs|||||10,176|969|11,145||
||||||10,176|969|11,145||
|Total ofexpenditure<br>funds|on||raising||10,176|969|11,145||
|Charitable<br>activities|||||||||
|Curiosity-led<br>education|||and||||||
|community<br>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<br>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,<br>ITsupport<br>and|related|326|32|358|387|
|costs||||||
|Stationery<br>and printing||889||896|1,119|
|||1,890|114|2,003|2,286|
|Legal and professional<br>costs||||||
|Accountancy<br>and payroll||756|84|840|1,020|
|||756|84|840|1,020|
|Total ofexpenditure<br>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<br>other gains/(losses)|before|(33,749)|12,192|(21,557)|3,340|
|Other Gains||||||
|Net movement<br>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|