## **Tafflab** ## **Charity Number: 1182109** ## **Report for the year ended 31 July 2024** 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 2024, the following were trustees: Dr Kathy Seddon Mr Peter Wright Dr Jane Croad Dr Meirion Morgan Mr Rod Ashley Mrs Karen Phillips **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 9 students were selected for the September 2023 cohort – 3 from Y Coleg Merthyr Tudful, 3 from Coleg y Cymoedd and 3 from Coleg Gwent. 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 2024, Tafflab had income of £3,000 and expenditure of £2,350. 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 2024 Tafflab had cash at bank of £3,815. ## 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 Rod Ashley Position Trustee 3 ||**TAFFLAB**
**1**|**TAFFLAB**
**1**|**TAFFLAB**
**1**|**182109**|**CC16a**| |---|---|---|---|---|---| ||**For the period**
**from**|Period start date
1-Aug-23|**To**
|Period end date
31-Jul-24|| ||||||| |**Section A Receipts and payments**|||||| |**A1 Receipts**
Donations
**2,500**
**-**
**-**
**-**
**-**
**-**
**-**
**2,500**
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 2,500**
**A3 Payments**
Awards
**1,600**
Web Design & Maintenance
**250**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ 1,850**
**-**
**-**
**_Sub total_ -**
**_Total payments_ 1,850**
**_Net of receipts/(payments)_ 650**
**A5 Transfers between funds**
**-**
**A6 Cash funds last year end**
**2,915**
**_Cash funds this year end_ 3,565**
**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 £**
**500**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**500**
**-**
**-**
**-**
**500**
**500**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**500**
**-**
**-**
**-**
**500**
**-**
**-**
**250**
**250**
**Restricted**
**funds**|**to the nearest £**
**Endowment**
**funds**|**Total funds**
**to the nearest £**
**3,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**3,000**
**-**
**-**
**-**
**3,000**
**2,100**
**250**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**2,350**
**-**
**-**
**-**
**2,350**
**650**
**-**
**3,165**
**3,815**|**Last year**
**to the nearest £**| ||||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**3,000**|**3,000**| |||||**-**|**-**| |||||**-**|**-**| |||||**-**|**-**| |||||**-**|**-**| |||||**-**|**-**| |||||**-**|**-**| |||||**-**|**-**| |||||**3,000**|**3,000**| ||||||| ||||**-**
**-**
**-**|**-**|| |||||**-**|**-**| |||||**-**|**-**| ||||||| ||||**-**|**3,000**|**3,000**| ||||||| ||||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**2,100**|**1,250**| |||||**250**|**-**| |||||**-**|**-**| |||||**-**|**-**| |||||**-**|**-**| |||||**-**|**-**| |||||**-**|**-**| |||||**-**|**-**| |||||**-**|**-**| |||||**2,350**|**1,250**| ||||||| ||||**-**
**-**
**-**|**-**|| |||||**-**|| |||||**-**|**-**| ||||||| ||||**-**|**2,350**|**1,250**| ||||||| |||**-**|**-**
**-**
**-**
**-**|**650**|**1,750**| |||**-**||**-**|**-**| |||**250**||**3,165**|**1,415**| |||**250**||**3,815**|**3,165**| ## **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**
Signed by one or two trustees on
behalf of all the trustees|**Details**
Cash at bank
**Details**
**Details**
**Details**
**Details**
Signature
**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**to nearest £**
**to nearest £**
**3,565**
**250**
**-**
**-**
**-**
**-**
**3,565**## **250**
OK
OK
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
Print Name
Meirion Morgan
**Unrestricted**
**funds**
**Restricted**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**|**to nearest £**
**Endowment**
**funds**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**to nearest £**
**Endowment**
**funds**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| |||Meirion Morgan|27-May-25|