| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | I | to | 9 | |
| Independent Ezandner's |
Report | 10 | ||
| Statement ofFinancial | Activities | |||
| Balance Sheet | 12 | |||
| Notes to the Financial Statements | 13 | to | 22 | |
| Detailed Statement ofFinancial Activities | 23 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donatioos and legacies |
222 | 15,774 | 15,996 | 72,557 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 16,731 | 16,731 | 10,816 | |||
| Charitable activities |
||||||
| Life Science Mentoring | Activities | 34,934 | 33,843 | 68,777 | 156,180 | |
| Total | 51,665 | 33,843 | 85,508 | 166,996 | ||
| NKT INCOME/(EXPENDITURE) | (51,443) | (18,069) | (69,512) | (94,439) | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward |
168,604 | 18,667 | 187,271 | 281,710 | ||
| TOTAL FUNDS CARRIED FORWARD | 117,161 | 598 | 117,759 | 187,271 |
| BALANCE SHEET | |||
|---|---|---|---|
| 31AUGUST 2023 | |||
| 2023 | 2022 | ||
| Notes | |||
| CURRENT ASSETS | |||
| Debtors | 5,064 | ||
| Cash at bank | 141,981 | 190,796 | |
| 141,981 | 195,860 | ||
| CREDITORS | |||
| Amounts falling due within one year |
(24,222) | (8,589) | |
| NET CURRENT ASSETS | 117,759 | 187,271 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 117,759 | 187,271 | |
| NKT ASSETS | 117,759 | 187,271 | |
| FUNDS | 12 | ||
| Unrestricted funds |
117,159 | 168,604 | |
| Restricted funds |
600 | 18,667 | |
| TOTAL FUNDS | 117,759 | 187,271 |
| DONATI | O | NS AND LE |
GACIES | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Donations | 221 | 36 | |||
| Grants | 15,775 | 72,521 | |||
| 15,996 | 72,557 | ||||
| Grants received, included | iu the above, are as follows: | ||||
| 2023 | 2022 | ||||
| Children | In | Need | 28,521 | ||
| Garfield Western Foundation | 10,000 | ||||
| Moondance | Foundation | 15,000 | |||
| Neath Port | Talbot County | Borough Council | 5,000 | 5,000 | |
| Postcode | Community Trust |
14,000 | |||
| Great Western Railway | 9,775 | ||||
| Prince of | Wales Charitable | Trust | 1,000 | ||
| 15,775 | 72,521 |
| Support | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Direct | costs (see | ||||||||
| Costs | note 4) | Totals | |||||||
| f. | |||||||||
| Life Science | Mentoring | Activities | 65,623 | 3,154 | 68,777 | ||||
| 4. | SUPPORT | COSTS | |||||||
| Governance | |||||||||
| Other | costs | Totals | |||||||
| Life Science | Mentoring | Activities | 385 | 2,769 | 3,154 | ||||
| Fees payable | to the | charity's | Independent | examiners: | 2023 | ||||
| Independent | examiners | fee | 2,460 | ||||||
| Other accountancy | services | 309 | |||||||
| 2,769 |
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Wages and salaries | 65,262 | 66,744 | |||
| Social security costs | 1,013 | 2,203 | |||
| Other pension costs | 5,006 | 6,100 | |||
| 71,281 | 75,047 | ||||
| The average monthly |
number ofemployees | during | the year was as follows: | ||
| 2023 | 2022 | ||||
| Average number ofemployees | 2 | 2 |
| COMPARATIVES FOR THE STATEMENT OFFINANCIAL | ACTIVITIES | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
15,038 | 57,519 | 72,557 | |
| EXPENDITURE ON | ||||
| Raising funds | 10,816 | 10,816 | ||
| Charitable activities |
||||
| Life Science Mentoring Activities |
2,960 | 153,220 | 156,180 | |
| Total | 2,960 | 164,036 | 166,996 | |
| NET INCOME/(EXPENDITURE) | 12,078 | (106,517) | (94,439) | |
| Transfers between funds |
(3,276) | 3,276 | ||
| Net movement in funds |
8,802 | (103,241) | (94,439) | |
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward |
159,803 | 121,907 | 281,710 | |
| TOTAL FUNDS CARRIED FORWARD | 168,605 | 18,666 | 187,271 | |
| 8. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR | |||
| 2023 | 2022 | |||
| Other debtors | 4,773 | |||
| Prepayments | 291 | |||
| 5,064 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| f | |||||||||
| Social security and other taxes | 9,049 | ||||||||
| Pension creditor | 2,857 | 2,716 | |||||||
| Deferred income | 10,000 | ||||||||
| Accrued expenses | 2,316 | 5,873 | |||||||
| 24,222 | 8,589 | ||||||||
| Year to | ear to | ||||||||
| Deferred income | 31/08/2023 31/08/2022 |
||||||||
| Opening Balance | 5,186- | ||||||||
| Movement in the period |
10,000 | (5,186) | |||||||
| Deferred incoine carried forward | 10,000 | ||||||||
| Deferred income represents |
income received | fiom contributing | agencies where | the contribution was restricted to |
a | ||||
| fixed time period project which extends beyond | the current | fiuancial | year. Income is deferred on the |
basis that the |
|||||
| contribution was to the project as a whole, |
the | time period | of | the | project was | fully disclosed to the |
contributing | ||
| agencies and that time period | is certain, |
| The deferre | d income car | ried forward | is | analysed as follows: |
||
|---|---|---|---|---|---|---|
| Year to | Year to | |||||
| 31/08/2023 | 31/08/22 | |||||
| f, | f. | |||||
| Priucipality | (Community | Foundation | in | Wales) | 10,000 |
| 2023 | 2022 | |
|---|---|---|
| Within one year | 1,728 | 2,592 |
| Between one and five years | 1,728 | |
| 1,728 | 4,320 |
| Unrestricted | Designated | Restricted | Year to | Year to | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 31/08/2023 | 31/08/2022 | ||||
| Net Current Assets | 42,159 | 75,000 | 600 | 117,759 | 187,271 | |||
| 42,159 | 75,000 | 600 | 117,759 | 187471 | ||||
| 12. | MOVEMENT IN FUNDS | |||||||
| Net | ||||||||
| movement | At | |||||||
| At 1/9/22 | in funds | 31/8/23 | ||||||
| Unrestricted funds |
||||||||
| General fund |
93,604 | (51,445) | 42,159 | |||||
| Designated Legacy |
Project | Fund | 75,000 | 75,000 | ||||
| 168,604 | (51,445) | 117,159 | ||||||
| Restricted funds |
||||||||
| Neath Port Talbot County Borough Council | 4,667 | (4,667) | ||||||
| Postcode Community | Trust | 14,000 | (14,000) | |||||
| Neath Port Talbot County Borough Council | ||||||||
| (2023 Fuuding) | 600 | 600 | ||||||
| 18,667 | (18,067) | 600 | ||||||
| TOTAL FUNDS | 187,271 | (69,512) | 117,759 | |||||
| Net movement in funds, included |
in the above are as follows: | |||||||
| Incoming | Resources | Movement | ||||||
| resources | expended | in funds | ||||||
| f | ||||||||
| Unrestricted funds |
||||||||
| General fund | 222 | (51,667) | (51,445) | |||||
| Restricted funds | ||||||||
| Neath Port Talbot County Borough Council | (4,667) | (4,667) | ||||||
| Postcode Community | Trust | (1) | (13,999) | (14,000) | ||||
| Great Western Railway | 9,775 | (9,775) | ||||||
| Neath Port Talbot County Borough Council | ||||||||
| (2023 Funding) | 5,000 | (4,400) | 600 | |||||
| Prince ofWales Charitable | Tmst | 1,000 | (1,000) | |||||
| 15,774 | (33,841) | (18,067) | ||||||
| TOTAL FUNDS | 15,996 | (85,508) | (69,512) |
| Net | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | between | At | |||||
| At I/9/21 | in funds | funds | 31/8/22 | ||||
| Unrestricted funds |
|||||||
| General fund | 84,803 | 12,077 | (3,276) | 93,604 | |||
| Designated Legacy Project |
Fund | 75,000 | 75,000 | ||||
| 159,803 | 12,077 | (3,276) | 168,604 | ||||
| Restricted funds |
|||||||
| The National Lottery |
Community | Fund | 116,318 | (116,318) | |||
| Children In Need |
5,589 | (8,865) | 3,276 | ||||
| Neath Port Talbot County Borough Council | 4,667 | 4,667 | |||||
| Postcode Community | Trust | 14,000 | 14,000 | ||||
| 121,907 | (106,516) | 3,276 | 18,667 | ||||
| TOTAL FUNDS | 281,710 | (94,439) | 187,271 | ||||
| Comparative net movement |
in funds, included | in the above are as follows; | |||||
| Incoming | Resources | Movement | |||||
| resources | expended | in funds | |||||
| Unrestricted funds |
|||||||
| General fund | 15,038 | (2,961) | 12,077 | ||||
| Restricted funds | |||||||
| The National Lottery | Community | Fund | (1) | (116,317) | (116,318) | ||
| Children In Need |
28,520 | (37,385) | (8,865) | ||||
| Garfield Western Foundation | 10,000 | (10,000) | |||||
| Neath Port Talbot County Borough Council | 5,000 | (333) | 4,667 | ||||
| Postcode Community | Trust | 14,000 | 14,000 | ||||
| 57,519 | (164,035) | (106,516) | |||||
| TOTAL FUNDS | 72,557 | (166,996) | (94,439) |
| Net | Transfers | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| movement | between | At | |||||||
| At 1/9/21 | in funds | funds | 31/8/23 | ||||||
| f | |||||||||
| Unrestricted funds |
|||||||||
| General fund |
84,803 | (39,368) | (3,276) | 42,159 | |||||
| Designated Legacy Project Fund |
75,000 | 75,000 | |||||||
| 159,803 | (39,368) | (3,276) | 117,159 | ||||||
| Restricted funds |
|||||||||
| The National Lottery |
Community | Fund | 116,318 | (116,318) | |||||
| Children In Need | 5,589 | (8,865) | 3,276 | ||||||
| Neath Port Talbot County | Borough Council | ||||||||
| (2023 Funding) | 600 | ||||||||
| 121,907 | (124,583) | 3,276 | 600 | ||||||
| TOTAL FUNDS | 281,710 | (163,951) | 117,759 | ||||||
| A current year 12 months | and prior year 12 months | combined | net movement in funds, |
included | in the above are | ||||
| follows; | |||||||||
| Incoming | Resources | Movement | |||||||
| resources | expended | in funds | |||||||
| Unrestricted funds |
|||||||||
| General fund | 15,260 | (54,628) | (39,368) | ||||||
| Restricted funds | |||||||||
| The National Lottery |
Community | Fund | (1) | (116,317) | (116,318) | ||||
| Children In Need |
28,520 | (37,385) | (8,865) | ||||||
| Garfield Western Foundation | 10,000 | (10,000) | |||||||
| Neath Port Talbot County Borough | Council | 5,000 | (5,000) | ||||||
| Postcode Community | Trust | 13,999 | (13,999) | ||||||
| Great Western Railway | 9,775 | (9,775) | |||||||
| Neath Port Talbot County Borough | Council | ||||||||
| (2023 Funding) | 5,000 | (4,400) | 600 | ||||||
| Prince ofWales Charitable | Trust | 1,000 | (1,000) | ||||||
| 73,293 | (197,876) | (124,583) | |||||||
| TOTAL FUNDS | 88,553 | (252,504) | (163,951) |
| FORTHE YEAR ENDED | 31AUGUST 2023 | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| INCOME AND | ENDOWMENTS | ||||
| Donations and legacies |
|||||
| Donations | 221 | 36 | |||
| Grants | 15,775 | 72,521 | |||
| 15,996 | 72,557 | ||||
| Total incoming | resources | 15,996 | 72,557 | ||
| EXPENDITURE | |||||
| Raising donations | and | legacies | |||
| Wages | 16,731 | 10,816 | |||
| Charitable activities |
|||||
| Wages | 48,531 | 55,928 | |||
| Social security | 1,013 | 2,203 | |||
| Pensions | 5,006 | 6,100 | |||
| Telephone | 234 | 211 | |||
| Postage and stationery | 1 | 306 | |||
| Advertising | 710 | ||||
| Rent | 2,592 | 2,808 | |||
| Travel &Subsistence | 589 | 829 | |||
| Subscriptions | 1,049 | 150 | |||
| Computer costs |
1,262 | 7,497 | |||
| Sundry costs | 1,565 | 80 | |||
| Consultancy Fees |
4,920 | ||||
| Legal 6b Professional | Fees | 1,287 | 264 | ||
| Bank Charges | 95 | 21 | |||
| ITPlatform Development | 2,085 | 52,573 | |||
| Project activity costs | 18,415 | ||||
| HMRC interest | 314 | ||||
| 65,623 | 153,015 | ||||
| Support costs | |||||
| Other | |||||
| Insurance | 385 | 385 | |||
| Governance costs |
|||||
| Independent Examiners' |
remuneration | 2,769 | 2,780 | ||
| Total resources expended | 85,508 | 166,996 | |||
| Net expenditure | (69,512) | (94,439) |