Tafflab
Charity Number: 1182109
Report for the year ended 31 July 2025
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 2025, 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.
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Achievements and Performance
9 students were selected for the September 2024 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 2025, Tafflab had income of £2,600 and expenditure of £2,759. 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 2025 Tafflab had cash at bank of £3,656.
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
| TAFFLAB 1 |
TAFFLAB 1 |
TAFFLAB 1 |
182109 | CC16a | |
|---|---|---|---|---|---|
| For the period from |
Period start date 1-Aug-24 |
To |
Period end date 31-Jul-25 |
||
| Section A Receipts and payments | |||||
| A1 Receipts Donations 2,600 - - - - - - 2,600 - - Sub total - Total receipts 2,600 A3 Payments Awards 2,500 Web Design & Maintenance Hospitality 259 - - - - - - Sub total 2,759 - - Sub total - Total payments 2,759 Net of receipts/(payments) - 159 A5 Transfers between funds 250 A6 Cash funds last year end 3,565 Cash funds this year end 3,656 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 £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 250 250 - Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ 2,600 - - - - - - - 2,600 - - - 2,600 2,500 - 259 - - - - - - 2,759 - - - 2,759 - 159 - 3,815 3,656 |
Last year to the nearest £ |
|
| - - - - - - - - - |
2,600 | 3,000 | |||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| 2,600 | 3,000 | ||||
| - - - |
- | ||||
| - | - | ||||
| - | - | ||||
| - | 2,600 | 3,000 | |||
| - - - - - - - - - - |
2,500 | 2,100 | |||
| - | 250 | ||||
| 259 | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| - | - | ||||
| 2,759 | 2,350 | ||||
| - - - |
- | ||||
| - | |||||
| - | - | ||||
| - | 2,759 | 2,350 | |||
| - | - - - - |
- 159 | 650 | ||
| - 250 | - | - | |||
| 250 | 3,815 | 3,165 | |||
| - | 3,656 | 3,815 |
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 £ 3,656 - - - - - 3,656## - 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) |
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| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
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| Date of approval |
|||
| Meirion Morgan | 25-May-26 |