##
||||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)|