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2023-08-31-accounts

Reference and Administrative
Details		 Reference and Administrative
Details
Trustees' Report 2 to 6
Statement ofTrustees' Responsibilities
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet 10
Cash Flow Statement
Notes to the Financial Statements 12to 18

Statement o f Fina ncia l Activit ies for th e Year Ended 31August 2 023
Total
Total 5March 2021
31August to 31August
Unrestricted Restricted 2023 2022
Note
Income and Endowments from:
Donations
and legacies		 2 21,095 21,095 165,378
Charitable
activities		 3 658,050 658,050 550,974
Other trading activities 4 8,828 3,364
Total Income 679,145 8,828 687,973 719,716
Expenditure
on:
Charitable
activities		 (682,193) (12,193) (694,386) (564,591)
Total Expenditure (682,193) (12,193) (694,386) (564,591)
Net (expenditure)/income (3,048) (3,365) (6,413) 155,125
Gross transfers
between		 funds (3,365) 3,365
Net movement
in funds		 (6,413) (6,413) 155,125
Reconciliation
offunds
Total funds brought
forward		 155,125 155,125
Total funds carried forward 13 148,712 148,712 155,125
All ofthe charity's
activities		 derive from continuing operations during the above two periods.
The funds breakdown
for the		 period is shown in note 13.
Total
31August
Unrestricted 2022
Note
Income and Endowments from:
Donations
and legacies		 165,378 165,378
Charitable
activities		 550,974 550,974
Other trading activities 3,364 3,364
Total Income 719,716 719,716
Expenditure
on:
Charitable
activities		 (564,591) (564,591)
Total Expenditure (564,591) (564,591)
Net movement
in funds		 155,125 155,125
Reconciliation
offunds
Total funds carried forward 13 155,125 155,125

Balance Sheet as at 31August 2 023
2023 2022
Note g E
Current
assets
Debtors 10 66,562 141,649
Cash at bank and in hand ll 101,912 44,051
Creditors: Amounts falling due within one year 168,474
~I9,762		 185,700
~30.575
Net assets 148,712 155,125
Funds ofthe charity:
Unrestricted income funds
Unrestricted funds 148,712 155,125
Total funds 13 148,712 155,125

2023 2022
Note
Cash flows from operating
activities
Net cash (expenditure)/income (6,413) 155,125
Working capital adjustments
Decrease/(increase)
in debtors		 10 75,087 (141,649)
Increase in creditors 12 7,769 11,993
Net cash flows from operating activities 76,443 25,469
Cash flows from financing
activities
Repayment
ofloans and borrowings		 12 (18,582) 18,582
Net increase in cash and cash equivalents 57,861 44,051
Cash and cash equivalents
at I		 September 44,051
Cash and cash equivalents
at 31August		 101,912 44,051
Reconciliation
ofnet cash flow to movement		 in net funds
Increase in cash 57,861 44,051
Net funds at 1 September 2022 44,051
Net funds at 31August 2023 101,912 44,051

Unrestricted
funds Total Total
General 2023 2022
Donations and legacies;
Donations from companies, trusts and similar
proceeds 18,095 18,095 165,378
Grants, including capital grants;
Government grants 3,000 3,000
21,095 21,095 165,378
3 Income from charitable activities
Unrestricted
funds Total Total
General 2023 2022
Fees 658,050 658,050 527,119
Project Search 23,855
658,050 658,050 550,974
4 Income from other trading activities
Restricted Total Total
funds funds 2022
Fundraising 8,828 8,828 3,364
8,828 8,828 3,364
5 Grants and donations
Unrestricted Restricted
funds funds Total funds
DEBPLtd 16,595 16,595
Department for Education 3,000 3,000
IET 1,500 1,500
21,095 21,095

Unrestricted
funds Restricted Total Total
General funds 2023 2022
Advertising
&promotional		 161 161 715
Computer
costs		 7,789 7,789 5,461
I-Venture 3,309 12,193 15,502 564
Insurance 1,228 1,228
Nuffield
bursaries		 12,256 12,256 6,100
Nuffield
travel expenses		 1,598 1,598 1,202
Office/general administrative
expenses 1,068 1,068 1,010
Professional services 24,594 24,594 24,353
Phone costs 2,470 2,470 1,748
Purchases 165
Rent 11,000 11,000 12,000
STEM expenditure 132 132
Training 225 225 6, 102
Travel &accommodation 13,430 13,430 11,882
Wages, NI &pensions 602,933 602,933 491,709
Cost ofsales 1,580
682,193 12,193 694,386 564,591

The aggregate
payr		 oll costs were as follows:
2023 2022
Staff costs during the year were:
Wages and salaries 548,506 454,540
Social security costs 44,257 30,015
Pension costs 10,170 7,154
602,933 491,709
the year was as f ollows:
31 August 31 August
2023 2022
No No
Average number ofpersons employed 22 20

Accounting Plus are analysed
as follows:
5March 2021
Year ended 31 to 31August
August 2023 2022
Independent examination 1,100
Other financial services 490 646
1,590 646

10 Debtors
2023 2022
Trade debtors 39,198 140,244
Accrued income 27,364
Other debtors 1,405
66,562 141,649
11 Cash and cash equivalents
2023 2022
Cash at bank 101,912 44,051

12 Creditors: amounts
falling due within
one year
2023 2022
Other loans 18,582
Other taxation and social security 11,784
Other creditors 7,978 7,080
Accruals 4,913
19,762 30,575

13 Funds
Balance at 1 Balance at
September Incoming Resources 31August
2022 resources expended Transfers 2023
Unrestricted funds
General
General 155,125 679,145 (682,193) (3,365) 148,712
Restricted funds
I-Venture 8,828 (12,193) 3,365
Total funds 155,125 687,973 (694,386) 148,712

Notes t o the Financial Statem ents
for the Year Ended 31		 August 2023 (c ontinued)
Incoming Resources Balance at 31
resources expended August 2022
Unrestricted funds
General
General 719,716 (564,591) 155,125

Unrestricted
31August
2023
General Total funds
Current assets 168,474 168,474
Current liabilities (19,762) (19,762)
Total net assets 148,712 148,712
Unrestricted
31August
2022
General Total funds
Current assets 185,700 185,700
Current liabilities (30,575) (30,575)
Total net assets 155,125 155,125
15 Related party transactions
There were no related party transactions in the year.