Tafflab
Charity Number: 1182109
Report for the year ended 31 July 2023
Contents
Reference and Administrative Detail ...................................................................................................... 2 Objective & Activities .............................................................................................................................. 2 Achievements and Performance ............................................................................................................. 3 Declarations ............................................................................................................................................ 3
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Reference and Administrative Detail
Directors / Trustees: At the year ended 31 July 2023, the following were trustees:
Dr Kathy Seddon Mr Peter Wright Dr Jane Croad Dr Meirion Morgan Mr Rod Ashley
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.
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Achievements and Performance
5 students were selected for the September 2022 cohort – 3 from Coleg y Cymoedd and 2 from Y Coleg Merthyr Tudful. Coleg Gwent was unable to participate for the 2022-2023 year because of staffing shortages.
A code of conduct was drawn up for all mentees and mentors to sign.
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 2023, Tafflab had income of £3,000 and expenditure of £1,250. 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 2023 Tafflab had cash at bank of £3,165.
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
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| TAFFLAB |
TAFFLAB |
TAFFLAB |
1182109 | CC16a | |
|---|---|---|---|---|---|
| For the period from |
Period start date 1-Aug-21 |
To |
Period end date 31-Jul-22 |
||
| Section A Receipts and payments | |||||
| A1 Receipts Donations 3,000 Software refund - - - - - - 3,000 - - Sub total - Total receipts 3,000 A3 Payments Awards 1,250 Software - - - - - - - Sub total 1,250 - - Sub total - Total payments 1,250 Net of receipts/(payments) 1,750 A5 Transfers between funds - A6 Cash funds last year end 1,415 Cash funds this year end 3,165 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 3,000 - - - - - - - 3,000 - - - 3,000 1,250 - - - - - - - - 1,250 - - - 1,250 1,750 - 1,415 3,165 |
Last year to the nearest £ |
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| - | 3,000 | 3,500 | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
| - | - | - | |||
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| - | 3,000 | 3,500 | |||
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| - | - | - | |||
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| - | 3,000 | 3,500 | |||
| - | 1,250 | 2,700 | |||
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| - | - | - | |||
| - | - | - | |||
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| - | 1,250 | 2,700 | |||
| - | - | ||||
| - | - | ||||
| - | - | - | |||
| - | 1,250 | 2,700 | |||
| - | - | 1,750 | 800 | ||
| - | - | - | - | ||
| - | - | 1,415 | 615 | ||
| - | - | 3,165 | 1,415 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use |
Details Cash at bank Details Details Details Details Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ 2,915 - - 2,915## Agreement Error to nearest £ - - - - - - Unrestricted funds Unrestricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates |
to nearest £ 250 - - 250 Agreement Error to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Restricted funds Restricted funds Amount due (optional) |
to nearest £ Endowment funds |
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| - | ||||
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| OK | ||||
| to nearest £ Endowment funds |
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| Current value (optional) |
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| Current value (optional) |
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| When due (optional) |
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| - |
Signed by one or two trustees on behalf of all the trustees
| Signature | Print Name Meirion Morgan |
Date of approval |
| Meirion Morgan | 2-May-24 |