Ignlte Futures Ltd Charlty No. 1176754 Company No. 05969189 Trustees. Report and Unaudlted Accounts 31 March 2025
Ignlte Futures Ltd Contents Pages Trustees. Annual Report inoepenoeni txaminer 5 Nepori Statement of Financial Activities 2to6 Balance Sheet Statement of Cash flows io Notes to the Accounts Ilto18 Detailed Statement of Financial Actlvitie5 19to20 Page I
Ignfte Futures 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 financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 05969189 Charlty No. 1176754 Prlnclpal Office Unlt 5, Cobden Place. Pelham Street Nottingham NGI 2NX Reglstered Offlce Unit 5, Cobden Place Pelham Street Nottingham NGI 2ED Dlrectors and Trustees The Directors of the charitable company are its Trustees for the purposes of charity law. The following Direttors and Trustees served during the year.. S.1. Anderson A. Bellekom J. 8urton H. Dabrowa D. Gelon IResigned 21 July 20251 IResigned 3 December 20241 J. Hardy K. Kinzett K. Lindley E.J. Sawula (Resigned 3 December 20241 P.D. Scholes S. Singhal Company Secretary S. Walley Accountants The Waldron Partnership Ltd 30 Circus Mews Bath BAI 2PW Bankers Cooperative Bank Exchange Walk Nottingham NGI 2NX Page 2
18nlte FureS Ltd Trustees Annual Report OBJEcfivES ANO AcfiviTIES Ignite Futures Ltd trading as Ignitel is a Nottingham based charity unleashing the unique creative spark in young people. We act as a bridge between young people. their communities, and professional sectors, bringing together fantastic Combinations of people to inspire, widen perspertives and break down barrier5. niir rharitahlp nhiprtivpi tn aAiiBnrp PAI PrtIn fnr thp ntihljr htsnortt *h¢s nF 1p3rnin ?r teaching, in particular but not exclusively through the teaching of creativity. Our primary audiences are voung people and their families. Over the Course of this year, we have reiVed grants and donations from a range of funders to deliver curiosity-led informal learning projects in school and community settings. Funders have included Small Steps Big Changes, Paul Hamlyn Foundation, BBC Children in Need, Pioneering Management Ltd, Nottingham Trent University, B & Q Foundation, Gemini Fund. Royal Society of Chemistry, ChalleNGe, Chil(5 Friendly Nottingham, Department for Education via Mottingham City Council, Catalent, Browne Jacobson Charitable Trust and St Jame5 Place. ACHIEVEMENTS AND PERFORMANCE Highlights for the 2024125 year include the further expansion of the Creative Sparks programme of curiosity-led after school clubs. Following the continued success of Creative Sparks at St Ann's Library and Strelley Library, we expanded the programme to include Meadows Library. Additionally, during thi5 period we developed a new session for asylum seeker families, based within their accommodation after School. This programme continues to be a wonderful opportunity for regular engagement. building impact throughout the course of the year. Curious Tots, has continued to be our flagship creative engagement programme for pre-school aged children, placing a Creative Practitioner within a pre-school setting based at a primary school. These weekly sessions are designed to develop curiosity led learning to support the development of EYFS skills, often wtth a particular focus on developing language and confidence. During this period. we have been delighted to expand the programme, with support from Paul Hamlyn Foundation. to now include 5 pre school settings in Nottingham. Our support from Small Steps Big Changes has also continued to support Curious Tots at the original Bulwell based primary setting and also us to work with an additional year group of children within the foundation age range. During this year we have remained the lead delivery partner for Nottingham Festival of Science and Curiosity and strengthened the Festival'5 content to include further communities across the City, and into the wider COLEnty areas thanks to support from local businesses. universities and the county and district councils. We were delighted to celebrate the Festival's 10th birthday alongside our partner5. Our Commijnity Grants programmes worked to reach underrepresented audiences,. our relatlonships with special schools grew through our Come Alive with Chemistry programme (supported by Royal Society for Chemistry) which connected chemistry students with special schools to deliver practical chemistry in the classroom. The festival reached I1.0 participants from across every Notts postcode. Primary Parliament has remained a core Initlative throughout 2024125, and we have been delighted to receive funding from ChalleNGe, Child Friendly Nottingham and Browne Jacobson to support this programme and allow us to ensure continuation over the next couple of academic years. Primary Parliaments take place once a term, engaging both mainstream primaries and SEND schools. providing children with the opportunity to think as policy makers and local leaders. Page 3
18nlte FureS Ltd Trustees Annual Report Our 2024 Holiday Activities Programme (funded through Nottingham City Council's Holiday Activities & Food programmel specifically sought to open up Nottingham and its rich opportunities to refu8e@ families Siving here. Over the course of the year we took families on eye-opening trips to Wollaton Hall, Nottingham Castle, Stonebridge City Farm, Primary, St Ann's Community Orchard, Green's Windmill & Science Centre and even the Nottingham Playhouse Panto. We worked closely with Nottingham & Nottinghamshire Refugee Forum as Jr the Sisrrn trpxmt n73nJcpinB thp tiyn 4rrnmmoA3t*nD filt< tn pn<iirp rti Ir 3rtivitip< wprp rrpativp fi In an(1 educational as well as responsive to the families, needs and requests. Linked to this we were delighted to receive a grant from B&Q Foundation to support the creative redecoration of a communal space within one of the accommodation sites. Our annual Ada Lovelace Day delivered in partnership with Pioneering Management Ltd lat the Biocity and Medicity sites) once again opened up the opportunity for children and young people to meet and interact with scientists, develop their understanding of what it means to work in stience and see themselves as scientlsts. By working with secondary pupils, primary pupils and. for the first time thi5 year, children attending an alternative provision setting, this programme continued to be inclusive and ambitious for young people in our region. Our Making Connertions project Iwith the support of 8SA UKSFN funding) built on from a pilot collaboration with Base 51's Outburst LGBT+ Youth Group and the In5titLrte for Mental Health at University of Nottingham. This year our Making Connections project has focused on the creation of a graphic novella exploring mental health topic with the 5UPPOrt of a graphic novelist and graphic design students. In collaboration with Nottingham Trent University, our ambitions for children's creativity to help them to explore and express important issues was enabled through the Fashion Fictions project this year. Children from six Bulwell primary schools worked in collaboration with creative practitioners to bring to life their ideas about how we could live differently with our clothes. Children explored sustainability through the lens of fashion, using their imagination and sense of playFulness to undetstsnd and communicate changes they hope to make in the world. Over the course of this 24-25 period we are proud to have supported 8000 engagements Inot including the Festival of Science and Curiosity's 11,0001 involving 567 individual participants and over 2CKJ sessions. Our schools-focused work has reached 67 primary schools lalmost doubled from the previous period). 14 secondary schools and 9 special schools. Our work has been supported by 11 placement students and interns, 4 freelancers, 22 creative practitioners and over hundred volunteers. This period has seen a further expansion of the staff team with 4 new creative practitioners joining as part of the delivery team for Curious Tots based within the primary school settings. There has additionally been an increase in working days within the Programmes team and the recruitment of two freelance workshop leaders to support delivery, increasing capacity in line with programme expansion. FINANCIAL REVIEW The Oirectors 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 totsl reserves of £125,170 lof which £6.722 are unrestricted) at 31st March 2025. Page 4
18nlte Futures Ltd Trustees Annual Report As with many small charities, income is generated mostly from grants and donations for programme activities for public benefit. Ignite! is contracted to deliver Nottingham Festival of Science and Curiosity and some modest earned income is achieved through fees charged for delivering activities or speaking at events not principally designed or organised by Ignitel As a registered charity Ignite! occasionally receive5 small donations from individual's and we are also registered to receive Gift Aid. The charity continues to be successful in applying for grants from a wide range of funding bodies to deliver activities in accordance with its aims and objectives of developing creative approaches to learning, in schools and local communities and in respect of projects designed to raise public awareness an(1 understanding of science. y keeplng administration and overheads to a minimum, the charity devote5 a maximum percentage of any grants received to programme delivery for public benefit. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 26. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. RESERVES POLICY The Trustees aim to maintain free resetves in unrestricted funds at a level which equates to approximatelv three fflonths of unrestricted charitable expenditure. The trustees consider that this level will provide sufficient funds to cover any liabilities and ensure govemance and support costs are covered. Unrestricted feserves at year end were below the policy level. For a charity funded mainly through restricted grants, this is not unusual. The trustees monitor the position throughout the year, and the reserve5 policy will be reviewed during 2025-26 to confirm it remains appropriate for the organisation's funding model and operating needs. PLANS FOR FUTURE PERIODS During this period, the trustee5 of Ignitel and Nottingham Festival of Sciertce and Curiosity worked through a detailed process to explore merging the two charities together in line with our mutual and overlapping charitable objective5. Trustee5 explored how merging would capitalise on our shafed expertise, create more streamlined and cost-effective working processes and most importantly enable the annual Nottingham Festival of Science and Curiosity to continue to thrive for its beneficiaries. Both sets of trustees were unanimously in agreement to proceed, and agreed to begin the steps towards Festival of Science and Curiosity merging into Ignitel and for the festival to forrn a key part of the Ignitel suite of programmes. Towards the end of this period, two trustees from Nottingham Festival of Science and Curiosity joined the Ignitel Board and the final steps of transferring assets will be completed in the coming period and Nottingham Festival of Science and Curiosity will then close as a separate charity. In the next period, we will continue to focus on our core programmes and embed our ongoing learning into their future development. as well as being open to new opportunities for collaboration or to trial pilot programmes that support young people's creativity and curiosity. We will be seeking new funding opportunities to support the continuation of the Creative Sparks programme once current funding sources conclude. We are also exploring ways we can extend our reach with this programme to the Clifton area of the City. Page 5
Iznlte Futures Ltd Trustees Annual Reptsrt We plan to have a particular focus on inclusive learnlng and engagement, especially with our schools programmes. We aim to undertake further work to deepen the engagement of the Primary Parliament programme and 5UPPOrt SEND engagement. Our three year funding from Paul Hamlyn Foundation will provide an excellent opportunity to enhance our work with early years and evaluate impact over time. We will continue trj work with a broad range of partners including schools, counci15, community organisations, universities, local businesses and cultural organisations. STRucfuR£, GOVERNANCE AND MANAGEMENT Directors of Ignite Futures Ltd, a company limited by guarantee, also act as Trustees for the charity. Direttors are recruited by an open appointment Pr$s, and following an interview with the Chair and an additional TrLSStee. invlted to obseNe a Board meeting before deciding whether to confirm their inte5t. All Direttors/Trustees act with care, diligence and ski115 as required by the company and charity legislation. Five meetings of the Directors are held each year including an Annual General Meeting, at which a third of the Oirectors are required to retire by rote, and may be reappointed. Notices and a8endas of meeting5 are sent by the Company Secretary in advance, and Dirertors consider financial reports at each meeting. The Directors are also responsible for ensurin8 that the company has suitable and appropriate strategies and policies to ensure best practice working. These include Child Protection and Safeguarding policies. The Dirertors 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 conduct skills audsts of their collective capabilities, areas of expert15e and interests. Company policies are interpreted by staff with the support of appropri3te induction and training. Directors instruct the staff of the company to adhere to best practice in HR and programme management including the recruitment and responsible management of volunteers. All staff and volunteers working with young people and vulnerable adults are required to have an £nhanted DBS check. Additionally, all trustees are required to complete an Enhanced OBS check. OBS check5 are renewed every three years. The company has a risk register in place which is reviewed regularly at board meetings, and all activities are risk assessed for ha2ards to stsff. volunteers and participants. The Directors ensure that appropriate levels of publlc liability. employer liability and professional indemnlty insurance are in pla. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2tX16. The Trustees are also responsible for safeguarding the assets of the charlty and hence taklng reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small tompanies regime as set out In Part 15 of the Companies Art 2(M)6 and in accordance with the Charities SORP (FR5 1021. Signed on behalf f the board S.1. Anderson Trustee 01 December 2025 Page 6
Ignite Futures Ltd Independent Examiners Report Independent Examiner's Report to the trustees of Ignite Futures Ltd I report to the charity trustees on my examination of the financial statements of Ignite Futures Ltd for the year ended 31 March 2025. Responslbllltles and basls of report As the charity's trustees ot the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordante with the requirements of the Companies Art 20061'the 2006 Act. Having satisfied myself that the financial statements of the Charity are not required to be aLrdited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charitie5 Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under sertion 145151 Ibl of the 2011 Act. IndependeTrt examiner's ststement I have completed my examlnatlon. I can confirm that no material matters have come to my attention in connection wtih the examination giving me cause to believe.. accounting records were not kept in accordance with section 386 of the 2CQ6 Act - or the financial statements do not accord with those record5,' or the financi31 statements do not comply with the accounting requirements under section 396 of the 2(X)6 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 ststernents have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities 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 attention should be drawn in this report in order to enable a proper understandin8 of the financial statements to be reached. Marco Andrew Martin FCCA The Waldron Partnership Ltd 30 Circus Mews Bath BAI 2PW 01 December 2025 Page 7
Ignite Futures Ltd Statement of Financlal Artlvltles for the year ended 31 March 2025 Unrestricted funds 2025 Restrirted funds Total fvnds Total lunds 2025 2025 2024 Notes In¢ome and endowments from: Charitable activities Other trading activities Investments 51,457 153.709 205,166 205,686 1,090 71 743 743 Other Total 52.704 153,709 206,413 206,847 Expenditure on: Raising funds Charitable activf(ies Other 10,993 5,892 39.649 6,457 30,632 99.268 17,450 36.524 138,917 19,193 24,003 111,442 io Total 56,535 136.356 192,891 154,638 Net gains on investments Net income 13,8301 17.352 13,522 52,209 Transfers between funds Net Inwme before other 8alns/llossesl 13,8301 17,352 13,522 52,209 Other galns and10gses Net rnovemerrt in funds 13,8301 17,352 13,522 52,209 Reconciliation of funds: Total funds brought forward 10,552 101,096 111.648 59,439 Totsl fuTrds carried forward 6,722 118,448 125,170 111,648 Page 8
Ignite Futures Ltd Balance Sheet t 31 March 2025 COmnY No. 05969189 Notes 2025 2024 Current assets Debtors Cash at bank and in hand 12 23 39,035 82,LK)9 121.044 19,3961 111,648 130,571 130,594 15,4241 125,170 Credltors: Amount falling due within one year Net current assets 13 Total assets less current liablllties 125,170 111,648 Net assets excluding pension asset or liability 125,170 111,648 Totsl net assets 125,170 111,648 The funds of the charfty Restsicted fund5 Restricted income funds 14 118.448 118.448 101,096 101,096 Unrestrlrted funds General funds Designated funds 14 11,2741 7,996 10,552 6,722 10,552 14 Totsl fvnds 125,170 111,648 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companie5 Act 26 relating to small companies. For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Art 2006 relating to small companies. The members have not reqLtired the company to obtain an audit in accordance with sertion 476 of the Companies Art 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companie5 Art 21X)6 wlth respect to accounting records and the preparation of accounts. Approved by the board on 01 December 2025 And signed on it5 behalf by.. S.1. Anderson Trustee 01 December 2025 Page 9
Ignite Futures Ltd Statement ol Cash flows for the year ended 31 March 2025 2025 2024 C35h flows from oDeratlne actlvltles Net income per Statement of Financial Activities 13,522 52,209 Adjustments for: Dividends. interest and rents from investments Other gains/losses Decreaselllncrease} in trade and other receivables IDecreaselllncrease in trade and other payables 18071 1711 39,012 13,9721 134,8741 551 Net cash provided by operatln8 artlvltles 47.755 17,815 Cash flows from investing activitles Dividends, interest and rents from investments 807 71 Net cash from investing arttvities 807 71 Net cash from financing a¢tivitie5 Net increase in cash and tash equlvalents 48.562 17,886 Cash and cash equlvalents at the beglnnlng of the year 82,009 61,680 Cash and cash equivalents at the end of the year 130,571 79,566 Components of cash and cash equivalents Cash and bank balances 130,571 82,009 130,571 82,009 Page 10
18nlte Futures Ltd Notes to the Accounts for the year ended 31 March 2025 l Accountin8 poll¢le$ Basis of preparation The financial statements have been prepared In actordance with Accountlng and Reportlng by Charlties.. t•tpmptst r¥f PprThmmpnApd Prartirp ayplirahlp tn rhafit+pfi nrpp?fing thpiT 2rrniir)tq in arrnTdanrp with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20151 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Change in basis of accounting or to previous accounts There has been no change to the accounting policies Ivaluation rules and method of accountingl since last year and no changes have been made to accounts for previous years. Fund accounting UnstriCted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity- These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reSee representing the restatement of investment assets at their market values. These are available for use subject to $trIctl0n$ imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restrirted funds Income Recognition of income Income is included in the Statement of Financial ActNlties ISOFAI when the charity 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 legacies 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 reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts giftldonation to which it relates. Donated services These are only included in income Iwlth an equivalent amount in expenditure} and facilities where the benefit 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 revaluing investments to market value revaluation of fixed at the end of the year. assets Gainslllosse51 on investment assets This includes any gain or loss on the sale of investments. Page 11
18nlte Futures Ltd Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported a5 part of the expenditure to which it relates. These comprise the costs associated with attratting voluntary income, fundraising Expenditure on *r3rlin Expenditure on These comprise the costs incL¢rretl by the Charity in the delivery of its artivities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an attual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year bLbt 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 activity- Grants payable Governance costs Other expenditure Taxatlon The charity is exempt from torporation tax on its charitable activities. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts 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 Wlth original maturities of three months 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 management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors arbd 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 its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entwty. Once the contributions have been paid the tompany has no further payments obligations. The contributions are recognised as 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 administered funds. Page 12
18nlte Futures Ltd Nrte5 to the A¢¢ounts Receipt of donated goods, facilities and services All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. 3 Statsment of Financial Activities- prior year Unrestrirted funds Restrirted funds Total funds 2024 2024 2024 Income and endowments from: Charitable activities Other trading activities Investments 93,773 1,090 71 111,913 205,686 1,090 71 Total 94,934 111,913 206,847 Expendlture on: Raising funds Charitable activities 12,288 15,904 6,905 8,099 19,193 24,003 111,442 Other 63,890 47,552 Totsl 92,082 62,556 154,638 Net Income 2,852 49,357 52,209 Net income before other 8alnslllossesl Other galns and losses: Net movement in lunds 2,852 49,357 52,209 2,852 49,357 52,209 Retonciliatlon of funds". Total funds brought forward Totsl funds carried fOard 7,699 51,740 59,439 10,551 101.097 111,648 4 Income from charitsble actlvltles Unrestrlcted Restrlrted Total 2025 Total 2024 Curiosity-led education and community projects Festival of Science and Curiosity 10,534 153,709 164,243 114,894 40,923 40,923 90.792 51,457 153,709 205,166 205.686 Page 13
Ignite Futures Ltd Notes to the Accounts 5 Income from other tradlng activities Unrestricted Total Total 2025 2024 Workshops/Busking Activities 440 1,090 1,090 440 440 6 Income from investments Unrestrlcted Totsl Total 2025 2024 Bank interest 743 743 71 743 743 71 7 Other income Unrestricted Totsl Total 2025 2024 Other income 64 8 Expendlture on rnising funds Unrestrirted Restrlcted Totsl Total 2025 2024 Costs of generating voluntary income Consultancy costs Advertising 10,993 5,810 647 16,803 647 19,045 148 10,993 6,457 17,450 19,193 Page 14
Ignlte Futures Ltd Notes to the A¢¢ounts 9 Expenditure on charitable activities Unrestrlrted Restrlrted Total 2025 Total 2024 Expenditure on charitoble activities Curiosity-led education and community projects Festival of Science and 170 11,103 11,273 15,188 23,088 7.680 Curiosity Governonce costs 5,616 17,472 Independent examination Venue hire Travel and subsistence 870 870 1,080 55 795 795 107 391 498 expenses 5.892 30.632 36,524 24,003 10 Other expendlture Unrestricted Restricted Totsl Total 2025 2024 Employee costs Motor and travel costs 37,810 824 90.489 128.299 99.105 1,187 4,815 2,536 240 2,011 5.130 3,123 354 3,530 4,753 4,054 Premises costs 315 General administrative costs 587 Payroll costs 114 39,649 99,268 138,917 111,442 li stsff costs 2025 126,483 126,483 2024 Salaries and wages 98,318 98,318 No employee received emoluments in exce55 of £60,000. The average monthly number of full time equivalent employees durlng the year was as follows- 2025 Number 2024 Number Project Management Page 15
Ignlte Futures Ltd Notes to the Accounts 12 Debtors 2025 2024 Trade debtors Other debtors 13,149 23 23 Prpp3ympnt< and acrri*pd inrnmp ?4 f¢fi? 23 39,035 13 Creditors: amounts falling due within one year 2025 2024 Other taxes and social security Other creditors Accruals 2,496 514 2,025 2,414 5,424 6,971 9,396 PaBe 16
Ignlte Futures Ltd Notes to the Accounts 14 Movement In funds Incomln8 resources At31 March 2025 Resource5 expended Ilncludlng At l April other 2024 galnsllosses, Restrirted fund5: Restricted In¢ome fvnds: BBC Children in Need Curiosity led education and cornmunity projects- general Creative Spark5 Curious Tots Fashiorb Fictions Hidden Figures Holiday Artivities and Food Primary Parliament 9,119 29,206 128,7651 9,560 19.581 23,223 13,091 5,753 12,759 7,855 9,715 12,947 12,501 54,119 6.800 111,8671 115.6731 122,4721 112,5531 112,7591 128,5941 13,6751 20,661 20,051 44,738 26,136 12,000 5,397 18,040 Totol 101,096 153,709 1136,3561 118,448 Unrestrlrted funds: General funds 10.S52 112,2961 470 11,2741 Deslgnated funds: Nottingham Festival of Science and Curiosity 65,000 157,0041 157,0041 7.996 Total 65,000 7,996 Total funds 111,648 206,413 1192,8911 125,170 Purposes and restrictlons in relation to the funds- Restricted funds- BBC Children in Need A grant from BBC Children in Need to contribLrte to our core costs to support our onEoiing work over a 3 year period Curiosity led education and Collaborative projects that explore creativity and curiosity with a broad community projects- general range of participants and partners. Creative Sparks Curosity-led after school actlvities for children in libraries supported by both Renewal Trust and the National Lottery Curosity-led after school artivities for Children in libraries supported by both Renewal Trust and the National Lottery A project creating alternative sustainable fashion worlds with six Bulwell primary schools supported by Nottingham Trent University A programme connecting artists, scientists and women's groups to explore science together. Holiday Activities and Food A programme to SUPPOrt children and familie5 from refugee tommunities throLb8h creative engagement Curious Tots Fashlon Fictions Hidden Figures Page 17
Igntte FureS Ltd Notes to the Attounts Primary Parliament A programme championing children's voices through the exploration of local and global issues and finding creative solutions. Designated funds- Nottingham Festival of Science and Curi05ity An annual celebration of science and curiosity for Nottingham and Nottinghamshire Communities IS Analysis of net assets between fund5 Unrestrirted funds Restricted funds Total Net current assets 6.722 6,722 118,448 118,448 125.170 125,170 16 Retonclllation of net debt At31 March 2025 At l Aprll 2024 Cash flows Cash and cash equivalents 82,009 82,009 48,562 48,562 130.571 130,571 Net debt 82,009 48.562 130,571 Page 18