Ignite Futures Ltd Charity No. 1176754 Company No. 05969189 Trustees, Report and Unaudlted Actounts 31 March 21)24
18nite Futures Ltd Contents Page5 2to5 Trustees, Annual Report Independent Examiner's Report Statement of Flnanclal Actlvltles Balance Sheet Statement of Cash flows Note5 to the Accounts IOto16 Detailed Statement of Financial Activities 17to18 Page I
18nlte Future5 Ltd Trustees Annual Report The trustees. who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financlal statement5 of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DAlls Company No. 05969189 Charlty No. 1176754 Princlpal Office Unit S. Cobden Place, Pelham Street Nottingham NGI 2NX Reglstered Office Unit 5, Cobden Place Pelham Street Nottingham NGI 2ED Dlrertors and Trustees The Dirertor5 of the eharitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year.. A. Bellekom J. Burton H. Chavda H. Dabrowa {Reslgned 25 July 20231 D. Gelon A. Glbbons J. Hardv K. Kinzett (Resigned 7 December 2023} K. Lindley EJ. Sawula S. Singhal Company Secretary S. Walley Attountants The Waldron Partnership Ltd 30 Circus Mews Bath BAI 2PW Page 2
Ignite Futures Ltd Trustee$ Annual Report Bankers Cooperative Bank Exchange Walk Nottingham NGI 2NX OBjEIVEs AND ACTIVITIES Ignite Futures Ltd trading as Ignltells a Nottingham based charlty unleashing the Ltnique creative spark in young people. We att as a bridge between young people, their communities, and professional sectors. brlnging together fantastic combinations of people to inspire, widen perspertives and break down barrler5. Our charitable objectlves are to advance education for the public benefit by the promotlon of learning and teachin& in pèrticular but not exclusively* the teaching of creativity. Our primary audiences are young people and familles. Over the course of this year. we have recelved grants from a range of funders to deliver curi05ity-led informal learning projects in school and community settings. Fun¢Jer5 have included Small Steps Big Changes. The Renewal Trust, Pioneer Group, Boots Charitable Trust, Nottingham Trent University, Institute for Policy and Engagement at Ltniversity of Nottlngham, Nottingham City Councll, ChalleNGe LCEP, Department for Education. Catalent, Capital One and BBC Children in Need. ACHIEVEMENTS AND PERFORMANCE Hlghlights for the 2023124 year include the further expansion of the Creative Sparks programme of curiosity-led after school clubs. Following the tontinued success of Creative Sparks at St Ann's Library SUPPOrted by The Renewal Trust, we set up a further session at Strelley Library with funding received from Catalent. Thi5 project has been a wonderful opportunity for regular engagement, building impart throughout the course of the year. Curlous Tots, with fundlng from SSBC, has continued to be our flagshlp creative engagement programme for pre-school aged children, linking a creative practitioner to a pre-school setting in a Bulwell based primary school on a weekly basis, developlng confidence and language. The Hidden Figures project ha5 continued with support from Boots Charitable Trust in collaboration with artists, Science researchers and the Heya communlty group supporting Arab women. Prlmary Parliament has remained a tore initiative throughout 2023124, tsklng pla once a term. engaging both maiTrstream primaries and SEND schools, providing children with the opportunity to think as policy makers and local leaders. During this year we have remained the lead delivery partner for Nottingham Festival of Science and Curiosity and strengthened the Festival's content to include further cornmunities across the City, and into the wider county areas thanks to 5UPPOrt from local businesses. universities and the county and district councils. The Festival continues to grow in scale and reach year on year. Over the course of this 23-24 period we are proud to hève supported over 6500 engagements from over 5200 individual participants and 192 5e5SIOn5. Our s¢hoo15-focu5ed work ha5 reached 34 primary schoo15, 14 secondary schools and 7 special schools. Our work has been supported by 11 placement students and interns. 27 freelance creative practitioners and over hundred volunteers. This period has seen a further expansion of the staff team enabling a greater capacity within the programmes team. Page 3
Ignlte Futures Ltd Trustees Annual Report HNANCIAL REVIEW The Directors consider their responsibilities to report the financial health of the Company and make the following observations on the year under review. The directors consider that these accounts show an improved financial position with increased net income resulting in total reserves of £111,648 lof which £10,551 are unrestricted) at 31st March 2024. As with many small charftie5. Income is generdted mostly from grants for programme activities for public benefit. Ignitel is contracted to deliver Nottingham Festival of Science and Curiosity and some modest earned Income Is achieved through fees charged for delivering activities or speaklng at events not principally designed or organised by IBnitel As a registered charity Ignitel occasionally receives small donations and we are also registered to receive Gift ASd. The charity continues to be successful in applying for grants from a wide range of funding bodies to deliver activities in accordJnce with its aims and objertives of developing creative approaches to learning, in schools and local communtties and in respect of projects designed to raise public awareness and understanding of science. By keeping administration and overhead5 to a minimum, the charlty devotes a maximum percentage of anv grants received to programme delivery for public benefit. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at ny time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charlty and hence taking reasonable steps for the preventlon and detettion of fraud and other irregularities. RESERVES POLICY The Trustees aim to maintain free reserves In unrestricted funds at a level which equates to approximately three months of unrestrirted charitable expenditure. The trustees consider that this level will provide sufficient funds to cover any liabilities and ensure governance and support Costs are covered. PLANS FOR FLFfuRE PERIODS We will continue to lead on the delivery of Nottingham Festival of Science and Curiosity as it heads into its 10th year. We wlll further develop our work with under 45 and thelr familles across Nottingham with the continued support of Small Steps Big Changes ISSBCI. and focus on expanding the reach and impact of this programme across Nottingham following the end of the SSBC funded period. We will be exploring opportunities and partnershlps that will contribute to the sustainability of our early years based work. We intend to expand our work with the refugee communities of Nottingham, focusing on delivering the Holiday, Artivities an(1 Food IHAFI programme to engage with refugee children and families over the course of the next year. We aim to undertake further work to build the 5UStainability of the Primary Parliament programme and develop further partnerships and increased school participation. We will contlnue to work with a broad range of partners inclvdtng schools. counclls, community organisations, universities, local bu5inesse5 and cultural organisations. Page 4
18nlte Fuiufes Ltd Trnstees Annual Report STRUCIURE, GOVERNANCE AND MANAGEMENT Direttors of Ignite Futures Ltd. a company Ilmited by guarantee, also act as Trustees for the charlty. Directors are recrutted by an open appointment process. and following an interylew wrth the Chair and an additional Trustee, invited to observe a Board meeting before deciding whether to confirm their interest. All Dirertorsrrrustees act with care. diligence and skills as required by the company and charity legi513tion. Five meetings of the Olrectors are held each year including an Annual General Meeting, at whlch a thlrd of the Dlrectors are required to retire by rote, and may be reappointed. Notices and agendas of meetings are sent by the Company Secretary in advance, and Dirertor5 consider financial reports at each meeting. The Directors are also responsible for ensuring that the company has surt3ble and appropriate strategies and policies to ensure best prartice working. These include Child Protettlon and Safeguardlng policies. and Privacy and Data management. Directors Instruct the staff of the company to adhere to best practlce in HR and programme management including the recruitment and spOnsIble management of volunteers. All staff and volunteers working with young people and vulnerable adult5 are required to have an Enhanced DBS check. Additionaify, all trustees are also required to complete an Enhanced DBS check. DBS checks are renewed every three years. The Directors review the suite of company policies, either annually or up to a three yearly cycle depending on the requirements of a particular policy. They also condLtct skllls aLtdits of their collectlve capabilltles, areas of expertise and interests. Company policies are interpreted by staff with the support of appropriate indurtion and training. The company has a risk register in place which 15 reviewed regularly at board meetings, and all artivitle5 are risk assessed for hazards to staff, volunteers and participants. The Dirertor5 also ensure that appropriate levels of public liabilTrty, employer liability and professional indemnlty Insurance are In place. The Trustees are responsible for keeping proper accountlng records that dlsclose with reasonable accuraLy at any time the flnancial position of the charity and to enable them to ensure that the flnancial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable step5 for the prevention and detection of fraud and other irregularities. The above report h3s been prepared in accordance with the provisions applicable to companies subject to the small companies regime as Set out in Part 15 of the Componies Act 2LK)6 and in accordance with the Charitles SORP IFRS 1021. Slgned on behalf of the board J. Burton Trustee 15 November 2024 Page 5
18nlte Futures Ltd Independent Examlners Report Independent Examiner's Report to the trustees of Ignits Futures Ltd I report to the charity trustees on my examinatÈon of the financial Statements of Ignite Futures Ltd for the year ended 31 March 2024. Responsiblllties and basls of report As the charity's trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companie5 Act 20061'the 2006 Att. Having Satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Art and are eligible for independent examination, I report in respert of my examination of your charity's financial ststements as carrled out under section 145 of the Ch3rltie5 Act 20111'the 2011 Act'l. In carying out my examination I have followed the Dirertions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examlner's statement I have completed my examination. I can confirm that no material matters have come to my attention ir¢ connettion with the examination giving me cause to believe.. attounting records were not kept in accordance wlth sertion 386 of the 26 Act . or the financial statements do not accord with those records: or the financial statements do not Comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordance with the methods and principles of the statement of Recommended PractSce for 8ccouriting and reportlng by charities appllcable to tharities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concern5 and have come across no other matters in connection with the examination to which attentlon should be drawn in this report order to enable a proper understanding of the financial statements to be reached. M Martin ACCA The Waldron Partnership Ltd 30 Circus Mews Bath BAI 2PW 15 November 2024 Page 6
Ignite Futures Ltd ststement of Financlal Actlvities for the year ended 31 March 2024 Unrestricted funds 2024 Restrlrted funds Total funds Total fuTrds 2024 20Z4 2023 Notes Incorne and endowments Charitable artivities Other tradin8 activities Investments 93.773 1.090 71 111,913 205.686 1.090 71 95,238 240 Total 94,934 111,913 206,847 95,478 Expendlture ¢)n: Raising fund5 Charitable artivities Other 12,288 15,904 63.890 6,905 8,099 47.552 19,193 24,003 111.442 11,145 30.470 75,420 Totsl 92,082 62,556 154,638 117,035 Net galns on investments Net Incornel{expendlture) Transfers between funds 2,852 49,357 52,209 21.5571 Net incomel(expendfturel befoTe other 8ains1(losses) 2,852 49.357 52,209 {21,5571 Other galTrs and losses Net movement In fund5 2,852 49,357 52,209 121.5571 Re¢onclllatlon of tunds: Total funds brought forward 7.699 51,740 59,439 80.996 Total fund5 carrled fornaid 10,551 101.097 111.648 59,439 Page 7
18nlte Fulures Ltd Balance Sheet at 31 March 2024 Company No. 05969189 Notes 2024 2023 Debtors Cash at bank and in hand li 39,035 82.CK)9 121.044 19,3961 111,648 111.648 4,161 61.680 65.841 16,4021 59,439 Credltots: Amount fèlling due wlthin one year Net current ets 12 Total assets less current Ilabllltles 59,439 59.439 Net assets exdudlng peTrslon asset or Ilablllty 111.648 Total net assets 111,648 59,439 The funds of the charlty Re5trfcted fund5 Restricted income funds 13 101.097 101,097 51,740 51.740 Unre5trkled fvnds General funds Designated funds 10.551 7.699 10,551 7,699 13 Total funds 111,648 59,439 These accounts have been prepared in accordan with the special provisions of Part 15 of the Companies Act 2006 relatlng to small companles. For the year ended 31 March 2024 the company was entttled to exemption under Section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their respon5ibilitie5 for complying with the requirements of the Companie5 Art 2W6 wlth respect to accounting records and the preparatlon of accounts. Approved by the board on IS November 2024 And signed on its behalf by.. J. Burton Trustee 15 November 2024 Page 8
Ignlte Futures Ltd ststement of Cash flows for the year ended 31 March 2024 2024 2023 Cash flows from operatlng artlvTtles Net Incomel{expenditure) per Statement of Flnanaal Attivities 52.209 121,5571 Adjustments for: Dividends, interest an(1 rents from investments Other gains/losses Ilncrea5ellDecrease in trade and other receivables Increase in trade and other payables 1711 134,8741 551 I,4 63 Net cash provided byllused In) operatln8 artlvltles 17.815 120,4901 Cash IIow5 from l>westln8 activities Dividends. interest and rents from investments 71 Net cash frorn investin8 activities 71 Net rash from flnanclng actmtles Net Increa5e/ldrfreasel In cash and cash equlvaleThts 17,886 120.4901 Cash and ¢a$h equlvalents at the beglnnlng of the year 61,680 80,092 Cash and cash equlvalents at the end ofthe year 79.566 59,602 Components of and cash equlvalents Cash and bank balances 82.(X)9 61.680 82.009 61,680 Page 9
18nlte Futures Ltd Notes to the A¢¢ounts for the year ended 31 March 2024 l Accountln8 pollcles Basis of preparalion The financial statements have been prepaied irb accordance with Accounting and Reporting by Charities- Statement of Recommended Pcactice applicable lo chaiities preparinK theif accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 leffertive I January 20151- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Art 2006. Change in basis of accounting or to prevlou5 accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for prevlous years. Fund accountin8 Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the ger7eral object5 of the charity. These are unrestrirted funds earmarked by the trustees for particular purposes. These are unrestricted funds whlch include a revaluatSon reserve representing the restatement of investment assets at their market values. These are available for use Subject to restrictions imposed by the donor or through terms of an appeal. Designated ftjnds RevaluatSon funds Restricted fund5 Income Recognltion of income Income Is included in the Statement of Flnancial Activities ISOFAI when the charlty 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 3nd related expendlture Is expenditure reported gross in the SOFA. Donations and legacie5 Voluntsry income received by way of grants, donations and gifts Is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax feclaims on Income from tax reclalms 15 included in the SOFA at the same time a5 the donations and gifts giftldonation to which it relates. Donated services These are only included in income Iwlth an equ5v3lent amount in expendlturel and facilities where the benefrt to the Charity is reasonably quantifiable. measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is Included in the accounts when receivable. Gainslllossesl on This includes any gain or loss resulting from revalulng investments to market revaluation of flxed value at the end of the year. assets Gain5/1105sesl on investment assets Thls Includes any gain or loss on the sale of Investments. Page 10
Ignite Futures Ltd Notes to the Accounts Expenditure Recognition of expenditure Expenditure 15 recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and 15 reported as part of the expenditure to which it relate5. 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 artivities charitable artivities and services in the furtherance of its objerts, including the making of grants and governan costs. All grant expendlture is accounted for on an artual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any auditlindependent examination fees. costs linked to the strategic management of the Charity. together with a share of other administration costs. These are support costs not allocated to a particular activlty. Grants payable Governance costs Other expenditure Taxatlon The charity 15 exempt frorn corporation tsx on wts charitable attivitie5. Tr4de and other debtor5 Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayment5 are valued at the amount prepaid net of any trade discount5 due. Cash and cash equfvalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with orfglnal maturities of three month5 or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash mana8ement. Trade and other credltors Short term creditors are measured at the transartion prfce. Other creditors and provisions are recognlsed where the charity has a present obligation resulting from a past event that will probablv result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditor5 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Penslon costs The charity operates a defined contribution plan for it5 employees. A defined contribution plan is a pension plan under which the Company pays flxed contributions into a separate entity. Once the contributions have been paid the company ha5 no further payments obligations. The contributlOll5 are recognised a5 expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently admlnistered fvnds. Pa8e 11
Ignite FureS Ltd Notes to the Accounts Receipt of donated goods, facllftles and services All donated goods, facilities and services received are recognised within incomlnB resources and expenditure at an estim3te of the value to the charity. 2 Company statu5 The tompany is a private company limited by guarantee and consequently does not have share capital. 3 Ststement of Flnancial Artl¥ltles- wlor year Unrestrlrted funds 2023 Restrtrted funds Total fvnds 2023 2023 Income and endowments from: Charitable activities Other trading activities Totsl 72,408 240 22.830 95,238 240 72,648 22,830 95,478 Expendlture on: Raising funds Charitable actlvities 10,176 24,572 969 11,145 29,630 76,260 5,058 4.611 Other 71.649 Total 106.397 10,638 117,035 Net Income 133,7491 12,192 121,5571 Net income before other ¢a1Tr51{105se5) Other galns and losses: 133,7491 12,192 {21.5571 Net movement in funds 133.7491 12,192 {21.5571 Reconclllation of funds: Total funds brought forward Total funds (arrled forward 41,448 39,548 80,996 7,699 51,740 59,439 4 Income from tharftsble activltle5 Unrestrirted Restricted Totsl 2024 Total 2023 Curi05ity-led education and community projects Festival of Science and Curi05ity 2,981 111,913 114,894 27,138 90,792 90,792 68,1 93,773 111,913 205.686 95,238 Page 12
18nlte Futures Ltd Notes to the Accounts 5 Intorne from other tradin8 activities Unrestrfcted Total Total 2023 2024 Workshops/Busking Artivities 1,090 240 1.090 1,090 240 6 Income from Investments Unrestrlrted Totsl Total 2023 2024 8ank interest 71 71 71 71 7 Expenditure on ralsSn8 funds Unrestricted Restricted Total Total 2024 2023 Costs of generating voluntt7ry income Consultancy costs Advertising 12,224 64 6.821 84 19,045 11,145 12,288 6,905 19,193 11.145 8 Expendlture on tharftable a¢tlvltles Unrestrlrted Restrlrted Total Totsl 2024 2023 Expenditure on choritt7ble ortivities Curiosity-led education and community projects Festival of Science and Curiosity Govemonce costs 7,089 8,099 ,188 17,702 7.680 7,680 11.928 Independent examination Venue hire 1.080 55 1,080 55 15,904 8,099 24,LKJ3 30,470 Page 13
18nlte Futyres Ltd Notes to the A¢counts 9 Other expenditure Unrestrlcted Restrkted Total Z024 Total 2023 Employee cost5 Motor and travel costs 59.385 472 39.720 3,059 2,438 99.105 3,530 4,753 4,054 111,442 69.074 343 Premises costs 2,315 1,719 63,890 4.O¢J) 2,003 75,420 General atlministrative costs 2,335 47.552 io Staff tosts 2024 98,318 98,318 2023 69,074 69,074 Salaries and wages No employee received emoluments in eXsS of £60,tK)O. The average monthly number of full time equivalent employees during the year was as follows: 2024 Number 2023 Number Project Management 11 Debtors 2024 2023 Trade debtors Other debtors Prepayments and accrued income 13,149 23 25,863 39,035 4.161 4,161 12 Creditt)rs: amounts falling due within one year 2023 Other taxes and social security Other creditors 2,025 4¢)0 1,874 Accruals 6,971 9,396 4,528 6,402 PaEe 14
18nlte Futures Ltd Notes to the kcounts 13 Movement In funds Incomlng resources At31 Resour5 expended lincluding At l April other 2023 gains/losses1 March ftestrlcted funds: Restricted Income funds: BBC Children in Need Curiosity led education and community projects- general Creative Sparks Curious Tots Fashion Fictions Hidden Figures Holiday Activities and Food Primary Parllament 16,475 17,3561 9,119 29.754 2,746 11,593 329 29,046 12.345 6.942 10,612 26,844 9,320 110,5031 18,5691 110,8471 11.1891 12.8461 121,1951 1531 19,581 23,223 13,091 5,753 12,759 7.855 9,715 4,993 2,206 Total 51,740 111.913 162,5561 101,097 Unrestrfrted funds: General funds 7.699 25,639 122,787} 10,551 DeSIgted funds: Nottlngham Festival of Science and Curiosity 69,295 169,2951 169,2951 Total 69,295 Total funds 59,439 206,847 1154,6381 111,648 Purp0se5 and restriction5 in relation to the funds: Restricted funds: BBC Children in Need A grant from BBC Children in Need to contribute to our core costs to support our ongoiing work over 3 3 year period Curiosity led education and Collaborative projects that explore creativity and curiosity wlth a broad community projects- general range of participants and partners. Creative Sparks Curosity-led after school activities for children in libraries supported by both Renewal Trust and the National Lottery Curosity-led after school activities for children in Ilbrarie5 SUPPOrted by both Renewal Tfust and the National Lottery A project creating alternative sustainable fashion world5 Wtth six Bulwell primary schools SUPPOrted by Nottingham Trent University A programme connecting artlsts, scientists and women's groups to explore science together. Holiday Activities and Food A programme to support children and famllies from refugee communities through creative engagement Curious Tots Fashion Fiction5 Hldden Figures Page 15
Ignlte Futures Itd Notes to the Accounts Primary Parliament A programme champloning children's voices through the exploration of local and global issues and finding creative solutions. Designated funds: Nottingham Festival of Sclence and Curioslty An annual celebration of science and curiosity for Nottingham and Nottinghamshire communlties 14 Anatysls of net assets between fvnds Unrestrlcted funds Restrlcted funds Totrl Net current assets 10,551 10,551 101.097 101.097 111,648 111,648 IS Reconclllailon of net debt At31 March 2024 At l Aprll 2023 Cash flows Cash and cash equivalents 61,680 61,680 20.329 20,329 82,009 82,0(19 Net debt 61,680 20,329 82.009 Page 16
18nlte Futures Ltd Detalled Statement of Flnanclal Actlvities for the year ended 31 Marth 2024 Unrestricted funds 2024 Restrlcted fisnd5 2024 Total funds Totsl funds 2024 2023 Income and endowments from: Charitable activities Curiosity-led education and community projects Festival of Science and Curiosity 2,981 111,913 114,894 27,138 90,792 93,773 90,792 205,686 68,1 95,238 111,913 Other trading activltles WorkshopslBusking ActNlties 1,090 240 1,090 240 Investments Bank interest 71 71 71 71 Totsl income and endowments 94.934 111,913 206.847 95,478 Expendlture on: Costs of gener3ting donations and legacies Con5ultsncy costs Advertislng 12.224 6.821 84 6,905 19,045 148 11,145 12,288 19,193 11.145 Total of expendlture on rai51n8 funds 12.288 6,905 19.193 11,145 Charltable activltles Curiosity-led education and community projects Festival of Science and Curiosity 7,089 8,099 15,188 17.702 7,680 14,769 7,680 22.868 11,928 29,630 8,099 Governance costs Independent examination Venue hire 1.080 55 55 1,135 1,135 Total of expendlture on charltable artivitie5 15.904 8,099 24.003 30,470 Employee costs Salarieslwages staff training 59,265 120 39.053 667 98.318 787 69,074 59,385 39.720 99,105 69,074 Motor and travel costs Travel and subsistence 472 3,059 3.059 3,530 3.530 343 343 472 Page 17
llnlte Future5 Ltd Detalled Strtement of Finandal A¢tl¥itles Premises costs Rent 2,315 2,315 2,438 2,438 4,753 4.753 Genernl administrative costs, includlng depreciation and amortisation General Insurances Software, IT support and related costs stationery and printing Subscriptlons Sundry expenses Telephone, fax and broadband 320 640 960 749 1,082 1,059 2.141 358 173 279 452 117 205 179 4,054 111,442 896 117 143 62 179 2,335 47,552 1.719 63.890 2,003 75.420 Totsl ol expendire of other costs Totsl expenditure Net gains on investments 92,082 62,556 154,638 117,035 2.852 49.357 52,209 121,557} Net incomellexpendltufe) Net intomellexpendlture) before other galnslllosses) Other Gains 2.852 49,357 52,209 121,5571 Net rnovement In fund5 2,852 49,357 52,209 121.5571 Reconclllatkni of funds: Total funds brought forward 7,699 51.740 59,439 80,996 Totsl lunds Carried forward 10,551 101,097 111.648 59.439 Page 18