## **Tafflab** ## **Charity Number: 1182109** ## **Report for the year ended 31 July 2021** ## Contents Reference and Administrative Detail ...................................................................................................... 2 Objective & Activities .............................................................................................................................. 2 Achievements and Performance ............................................................................................................. 3 Declarations ............................................................................................................................................ 3 1 ## Reference and Administrative Detail **Directors / Trustees:** At the year ended 31 July 2021, the following were trustees: Dr Kathy Seddon Mr Peter Wright Dr Jane Croad Dr Meirion Morgan Mr Dafydd Jones, a Trustee at the year ended 31 July 2020, resigned prior to 31 July 2021. ## **Charity Name:** Tafflab ## **Charity Number** : 1182109 ## **Charity Principal Address:** Coleg y Cymoedd Ystrad Mynach Campus Twyn Road Ystrad Mynach HENGOED CF82 7XR ## Objective & Activities Tafflab’s Charitable Objects, as given on the Charity Commission website, are: “The relief of financial hardship by making grants of money for providing or paying for items, services or facilities, in relation to starting a business to students, who through lack of means, would otherwise be unable to initiate a business. To develop the capacity and skills of Welsh students, in socially disadvantages communities, in such a way that they are better able to launch a business idea. To help young people through the support of support, activities and mentorship which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.” Applicants for Tafflab grants currently attend and are recommended by partner colleges. Tafflab interview to confirm eligibility, work with the Enterprise Champions employed by the colleges and provide mentoring by RSA Fellows. Regular meetings between mentors, mentees and champions confirm progress. Tafflab’s mentors are selected by and undergo Disclosure and Barring Service (DBS) checks facilitated by the partner college Coleg y Cymoedd. 2 ## Achievements and Performance 10 students were selected for the September 2020 cohort – 1 from Coleg y Cymoedd; 4 from Coleg Gwent; 5 from Y Coleg Merthyr Tudful. It must be noted that this cohort looked to develop business activity during early- and mid-2021 when variable lockdowns resulting from the Covid-19 pandemic were in place. Mentors include previous recipients of awards alongside an established mentor base with significant experience and expertise across a range of industries. All mentors and trustees provide their time on a pro-bono basis. Tafflab participants who achieve success in business continue to comment on the benefits conferred by the mentoring and support of Tafflab. The contribution participants provide to their local economies through their business activities sits alongside a broader contribution they make to a positive perception of entrepreneurship. For the year ended 31 July 2021, Tafflab had income of £3,495 and expenditure of £3,944. Tafflab only makes grants to the extent its means allow, and its income to support its operations, including the giving of grants, comes from organisations, trustees and mentors. At 01 August 2021 Tafflab had cash at bank of £615. ## Declarations The trustees declare that they have approved the trustees’ report above. ## **Signed on behalf of the charity’s trustees.** Signature Full Name Meirion Morgan Position Treasurer Signature Full Name Peter Wright Position Chair 3 **Charity Name** **No (if any)** ## **Receipts and payments accounts** Period start date Period end date **To** 1-Aug-20 31-Jul-21 **For the period from** ## **Section A Receipts and payments** **Unrestricted Restricted Endowment funds funds funds** **Total funds** **----- Start of picture text -----**
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Donations 2,870 500 - 3,370
Software refund 125 - - 125
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
2,995 500 - 3,495
Sub total (Gross income for AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total - - - -
Total receipts 2,995 500 - 3,495
A3 Payments
Awards 3,300 500 - 3,800
Software 144 - - 144
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Sub total [ 3,444 ] 500 - 3,944
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - -
Total payments 3,444 500 - 3,944
Net of receipts/(payments) - 449 - - - 449
A5 Transfers between funds - - - -
A6 Cash funds last year end - - - -
Cash funds this year end - 449 - - - 449
**----- End of picture text -----**
## **Section B Statement of assets and liabilities at the end of the period** ||||**Unrestricted**||**Restricted**| |---|---|---|---|---|---| |**Categories**|**Details**||**funds**||**funds**| |**B1 Cash funds**||**_Total cash funds_**|**to nearest £**
**-**
**-**
**-**
**615**|


|**to nearest £**
**-**
**-**
**-**
**-**| ||(agree|balances with receipts and payments
account(s))|Agreement Error|OK|| ||||**Unrestricted**||**Restricted**| ||||**funds**||**funds**| |**B2 Other monetary assets**|**Details**||**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**|




|**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**| |**B3 Investment assets**|**Details**||**Fund to which**
**asset belongs**|**Cost (optional)**
**-**
**-**
**-**
**-**
**-**|| |**B4 Assets retained for the**|**Details**||**Fund to which**
**asset belongs**|**Cost (optional)**
**-**|| |**charity’s own use**||||






|**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**| |**B5 Liabilities**|**Details**||**Fund to which**
**liability relates**|



|**-**
**-**
**-**
**-**
**-**
**Amount due**
**(optional)**| |Signed by one or two trustees on
behalf of all the trustees||Signature|Print|Name|| ||||Meirion Morgan||| **----- Start of picture text -----**
CC16a
**----- End of picture text -----**
## **Last year** **to the nearest £** **-** **-** **-** **-** **Endowment funds to nearest £ - - - -** OK ## **Endowment funds** **to nearest £** **-** **Current value (optional)** **-** **Current value (optional)** **-** **When due (optional)** Date of approval 6-Sep-21