## **Trustees’ Annual Report for the period**
## **From 24th August 2021 Period start date To 1st April 2022 Period end date**
## **Charity name: STEMunity**
## **Charity registration number: 1195614**
## **Chairmans letter:**
**Despite the challenging macro-economic conditions, STEMunity continued in full stride officially achieving charity status in 2022. This is testament to the resilience and dedication of the leadership team and supporting functions. Still very much at the inception stages, the leadership team have excelled at harnessing feedback from workshops and activities to continuously build in a more robust and scalable offering.**
**Repeat donors such as TGET and the Royal Academy, along with one-off contributions from Hive Portsmouth, The Partnership Foundation and British Council, allowed the charity to maintain healthy liquidity whilst still retaining sufficient funds for capital injection into further initiatives such as workshops, videos, prototype development etc. Governance and Finance aligned with the CEO and COO to ensure sufficient spending rigour was placed against funds available, as well as future anticipated funds.**
**Governance drafted and institutionalised all of the necessary policies for the charity from data protection to equal opportunities, Safeguarding and Health and Safety. This critical step ensures that as the charity scales it has the right protocols in place to protect both colleagues and charity.**
**Spending is predominantly focussed on the developing and scaling of the charitable initiatives along with achieving brand recognition. We are very proud of the great work carried out to diversify income streams this year, however further impetus will be placed into further diversification of donors and repeat funding in the next years campaign. With pressure on educational budgets, we are putting focus on raising funds from STEM led industries such as banking, automotive and pharma.**
**We have now developed the brand consistency, along with social media activity and presence, which will not only support the raising of future funds but the engagement and stickiness of past and future participants of STEMUnity. We are extremely grateful to those people and organisations that have supported our journey of bridging the gap in access to STEM educational resources across diverse and underrepresented groups. In the coming years we aim to create significantly more STEM content, providing greater access and scale to a wider set of under-represented students across the UK.**
## **Objectives and Activities**
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SORP reference
Summary of the purposes Para 1.17 The object of the CIO is to advance
of the charity as set out the education of young people in
in its governing the subject of STEM (Science,
document Technology, Engineering,
Mathematics) skills by providing
and assisting a network of
educators, academics, and
industry to work collaboratively to
create opportunities for young
people to experience educational
opportunities to
enhance the curriculum, which will
support their employability and
raise their aspirations for future
careers in STEM industries.
Summary of the main Para 1.17 and STEMunity, brings STEM
1.19
activities in relation to educators, professionals, and
those purposes for the academics together to created
public benefit, in connected learning opportunities
particular, the activities, for young people. Both online and
projects or services face-to-face activities, e.g., online
identified in the activities linked with the Royal
accounts. Academy of Engineering (RAEng)
to provide students with web-
based STEM based problem
solving activities and then
activities like the practical
activities, in inspirational
environments which replicate the
skills they will later rely on in
STEM professions.
The online STEM escape rooms
were accessed by 23,000 young
people in the reporting period and
students had a chance to explore
contexts such as sustainable
**----- End of picture text -----**
**engineering, and the engineering behind flight. Both ideas were linked to the RAEng educational resource boxes through their CST programme.**
**During this period, we worked with a team of STEM professionals and educators t develop STEM Academy educational video materials to support schools with linking STEM careers to the curriculum. This video project was completed in Portsmouth during this period in line with the Hive Innovation Grant requirements and then the Sheffield funding was matched during this period and the video project therefore started in this reporting period and finished in the next reporting period.**
**In this period, we planned face-toface activities and applied for funding to run these activities, however, due to restrictions linked to COVID-19, we refrained from planning large group face-to-face activities for the charity stakeholders.**
Statement confirming Para 1.18 **The Governors of STEMunity CIO** whether the trustees **Charity present their annual** have had regard to the **report and audited accounts for** guidance issued by the **the year ended 24th August 2021** Charity Commission on **and confirm they comply with the** public benefit **requirements of the Charities Act 2011, the trust deed, and the Charities SORP (FRS 102).**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
SORP reference
**STEMunity is not a grant giving organisation.**
Para 1.38 Policy on grant making **All the activities planned and carried out by STEMunity aim to create opportunities for young** Para 1.38 **people to explore their place in** Policy on social **the STEM professions. STEM** investment including **professionals are globally** program related **recognised as the areas that will** investment **advance countries both economically, socially, and technologically. These professions often lack diversity and research has identified that inequalities emerge as early as primary school and then experiences compound these inequalities in secondary school. In our first year, we were proud to establish our programme highlighting and demystifying the day-to-day roles in different STEM careers. We did this through our development of STEM Academy videos which were funded by TGET and Hive Portsmouth. In addition to this work, we designed and ran large scale online experiences to schools across the UK, this was i the format of Online Escape Rooms in collaboration with the RAEng. Students were able to explore, and problem solve activities within a STEM context. We had 3 escape room themes, one for Space, Sustainability and Engineering of Flight. over 20,000 young people accessed the online resources in their classrooms in this period.**
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In this reporting period we also
began a piece of work with the
British Council in Jamaica, advising
and working alongside MICO to
design a STEAM provision for the
country.
During the reporting period, we
didn’t host any face-to-face events
with large groups due to the
continuing risk of contracting
COVID-19. We did however plan a
large event for young,
disadvantaged people in the
summer term. We designed the
5PARK box which is an activity box
which allows students to develop
their Engineering Habits of Mind
skills base using simple pieces of
equipment and resources. The
event took place in June/July of
2022, there was also a teacher
CPD programme being planned in
the summer term. More details of
these programmes and impact
they had will be included in the
next phase of reporting.
The volunteers within our
organisation contributed their
time and expertise. For example,
Para 1.38
we had 6 STEM professionals who
Contribution made by
all gave approximately 18-20hours
volunteers
of their time to develop an activity
related to their profession, then to
film and review the video
materials.
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## **Achievements and Performance**
SORP reference
**During this short period of time, we are delighted with the success of our online escape rooms, reaching 23,000 young people across the UK. The escape rooms** Summary of the main **were celebrated in the RAEng 10** achievements of the **year anniversary celebration of** charity, identifying the Para 1.20 **the connecting STEM Teachers** difference the charity’s **Programme, where the work of** work has made to the **STEMunity was highlighted.** circumstances of its beneficiaries and any wider benefits to society **The feedback from the students** as a whole. **and teachers was incredibly supportive with one teacher reporting:**
**“Students were highly engaged; this activity brought the COPS26 work to life for our students with appropriately linked activities which gave them an understanding of the concepts in a fun and engaging way.”**
**The charity has been making necessary plans and risk assessments to be able to carry out face-to-face activities in the summer term.**
## **Additional information (optional)**
You may choose to include further statements where relevant about:
Achievements against objectives set Para 1.41
**In this short period, we delivered several online STEM based escape rooms. These activities were paid for by the Royal Academy of Engineering and the funds were used to cover the costs of the materials used to design and run the activities.**
**Initially we set a target of 5,000 young people to access the escape rooms and by the third escape room, we hit 23,000 which was an incredible reach. The schools that**
**engaged with this were mainly from our network of schools through the RAEng. The activities were open to all schools. The RAEng were extremely pleased with the feedback and outcomes and as a result have asked us to design future online experience, The Storybook Adventure in the next reporting phase and later the mixed reality resource. This activity has allowed us to inspire young people to see the broad range of application of Science and Engineering in addressing problems in the world and advancing technology.**
**As the escape rooms were run by teachers and students’ personal data was not collected, we are unable to fully evaluate the impact, however this is something we are exploring with academic research groups in local universities.**
**Although we aspire to encourage all young people to consider their place within STEM, we are particularly aware that often disadvantaged young people are less likely to consider a career in STEM. With that in mind, we designed an activity box called the ‘5PARK box’ which contained simple pieces of kit that students could invent and innovate with beyond the initial workshop. We identified several schools who then identified 350 disadvantaged young people who had been hardest hit by the online learning in the lockdowns. We designed an activity day to be held in the north in Kelham Island Museum and in**
||||**the south, Winchester Science**
**Museum. Students had a day of**
**exploring, learning, and creating**
**using the 5PARK boxes. During**
**this reporting period, we applied**
**for and received some of the**
**grants to design and run this**
**activity. All the funds received**
**were used to cover venue costs,**
**materials, lunches so that there**
**was no cost incurred by the young**
**people or schools.**
**One student reported that:**
**“This was the best day of my life;**
**I’d love to be considered for future**
**opportunities.”**
**Although this was a short period**
**of time, we feel that we have**
**already started to make an impact**
**on your peoples experience of**
**STEM skills.**|
|
|---|---|---|---|---|
||Performance of
fundraising activities
against objectives set|Para 1.41|**Fundraising is an area that we are**
**continuously developing, we**
**exceeded our fundraising targets**
**that we had set for this frst year**
**which meant more activities could**
**take place.**
**The activities that ran in this**
**period that received grants were**
**achieved and all the grant money**
**was spent and attributed to those**
**activities.**
**The online escape rooms**
**generated income for the charity**
**which meant that we had money**
**to cover our core costs and to**||
**the south, Winchester Science Museum. Students had a day of exploring, learning, and creating using the 5PARK boxes. During this reporting period, we applied for and received some of the grants to design and run this activity. All the funds received were used to cover venue costs, materials, lunches so that there was no cost incurred by the young people or schools. One student reported that: “This was the best day of my life; I’d love to be considered for future opportunities.” Although this was a short period of time, we feel that we have already started to make an impact on your peoples experience of STEM skills.**
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have money in reserve.
During this period, we invested
£250 to sponsor an award for the
Inspirational Women of
Portsmouth awards. From this we
Investment performance
against objectives Para 1.41 have received new contacts for
our STEM professionals list, 10
women working locally in STEM
fields. This was disappointing but
the charity did also gain a
significant amount of publicity
through the promotions of the
social media and in the events
presentations.
This is something we will consider
placing KPI’s on for future
investments.
The STEM Academy videos are an
area that we continue to work on
Other
promoting and we are currently
reviewing our strategy for social
media targeted promotion.
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## **Financial Review**
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Review of the charity’s Para 1.21 STEMunity ends this financial
financial position at the period with a total of £15, 874,
end of the period some of these funds are allocated
to existing projects such as the
STEM Academy South filming and
the STEM Academy North filming
costs. As detailed in the
chairman’s letter. We are
exploring ways to generate income
but also have unrestricted funds
from the ongoing project with the
RAEng and the advisory work for
the British Council.
Statement explaining the Para 1.22 We have discussed as a board that
policy for holding we should aim to keep £3000 in
reserves stating why they reserve in order to cover our
are held annual core costs such as
insurance, website maintenance
and subscription costs.
Amount of reserves held Para 1.22 £2,045.35
Reasons for holding zero Para 1.22 We are holding money in reserve
reserves at the end of this period.
Details of fund materially Para 1.24 None
in deficit
Explanation of any Para 1.23 There is concern around funding
uncertainties about the the core costs from grants as we
charity continuing as a have not been successful in
going concern finding either grants that are
applicable to cover our core costs
or been successful in applying.
The model of carrying out paid
projects to cover these costs is our
current strategy in this difficult
economic period.
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## **Additional information (optional)**
You may choose to include further statements where relevant about:
**Using a combination of grants alongside paid project work will mean that we can generate enough income to support our** The charity’s principal **projects. However, our trustee** sources of funds **board are working with us to** (including any Para 1.47 **develop a more economically** fundraising) **viable model for raising funds. As we develop our model for growth,**
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we will explore seeking industry
sponsorship to support our on-
going projects now that many
have been piloted with grant
support.
With a difficult period of economic
uncertainty ahead, STEMunity
plans to develop a more
sustainable economic model
Investment policy and
utilising the expertise of the
objectives including any
trustee’s knowledge of business
social investment policy Para 1.46
and connections. Future projects
adopted
will be scalable so that they can
still run on a smaller budget but
can be increased when funds are
available to create a larger
project.
The consistency of grants is an on-
going concern as is the source of
income that will cover our existing
core costs and the future core
A description of the
Para 1.46 costs required to develop growth
principal risks facing the
as an organisation. After this first
charity
period, we have established an on-
going relationship with the Royal
Academy of Engineering Education
team to carry out educational
online experiences. There will be
an agreed fee in place for all this
work which will support the on-
going costs of running STEMunity.
We have also looked at tenders
from larger organisations which
have an agreed project fee to
deliver STEM based CPD for
educational organisations. This
will also generate income for the
charity, and we can utilise our
network of STEM educators linked
to STEMunity.
As we have not got any paid staff
at this stage, we have relatively
low core costs to cover. We have
cautiously planned our growth,
and this won’t involve paying
salaries until we have a secure
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**and sustainable funding model. We now have a large amount of data to demonstrate our reach, we have example materials that we have developed but we are conscious that we need to develop a more rigorous evaluation process. That is a priority area that we are looking at in the next reporting phase. We recognise that as an organisation we need to develop** Other **our communication strategy to have better reach with our various stakeholders. In the next reporting phase, we will discuss the external expertise that we have consulted to grow this area to support us meeting our KPIs.**
## **Structure, Governance and Management**
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Description of charity’s
trusts:
Type of governing Para 1.25 Trust Deed- Constitution
document
(trust deed, royal
charter)
How is the charity Para 1.25 CIO
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 The trustee group is the same as
methods including details when we applied to become a
of any constitutional charity. We are exploring growing
provisions e.g. election to the team but not until we have
post or name of any finished the initial stages of
person or body entitled establishing the organisation with
to appoint one or more the appropriate policies ad
trustees procedures.
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## **Additional information (optional)**
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You may choose to include further statements where relevant about:
Trustees have regular training and
opportunities to advise and
support the development of the
governance but also have input
Policies and procedures
into the educational projects. All
adopted for the induction
trustees were provided with a
and training of trustees Para 1.51
handbook of the information they
were required to know to meet
their obligations and roles.
Over the reporting period, we
have met regularly with
individuals to define and design
their role to meet our changing
needs.
As we move into our next phase of
growth, we now have resources
for trustees to use when they
promote and signpost our
opportunities within their
professional circles.
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STEMunity works nationally,
utilising the 52 networks of
schools through the Royal
Academy of Engineering
The charity’s
Connecting STEM Teachers
organisational structure
Programme. We have a close
and any wider network Para 1.51
working partnership with the
with which the charity
education team at the RAEng.
works
The regional work takes place in
Portsmouth/Hampshire in the
South, led by Laura Watford and
Sheffield/South Yorkshire in the
North led by Jorden Birch. In each
region we have partner
organisations who we work closely
with to support getting a greater
reach and utilising the expertise in
established educational charities.
We also have connections with the
British Council who we carried out
a STEAM project with.
There is a discussion thinking
model which is used as a board
when deciding on new
organisations who we will partner
with. As we grow, we have had
discussions about the types of
industry organisation that we’d be
prepared to accept financial
support from.
Within our board, we hold
extensive experience with contract
law and governance. We’ve
utilised this experience to discuss
Relationship with any
Para 1.51 the design of agreements which
related parties
allow transparency with any
working partnership.
Other charity organisations who
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Other we have worked with in this period
include:
Workwise
The Steve Sinnott Foundation
Hive Portsmouth
Literacy Hubs
Girl Network
Reference and Administrative details
Charity name STEMunity
Other name the charity STEM Academy North, STEM Academy South
uses
Registered charity 1195614
number
Charity’s principal 102 Jubilee Road
address
Southsea
Hampshire
PO40JE
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## **Names of the charity trustees who manage the charity**
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Na
me
of
pers
on
(or
bod
y)
Dates acted if not for
Trustee name Office (if any) enti
whole year
tled
to
app
oint
trus
tee
(if
any)
Andrew Chair
1
Harrison-Chinn
2 Graham Watford
3 Amanda Martin
4 Harry Riley
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Corporate trustees – names of the directors at the date the report was approved **Director name**
Name of trustees holding title to property belonging to the charity
|**Trustee**|**name**
**Dates**|**acted**|**if**|**not**|**for**|**whole**|
|---|---|---|---|---|---|---|
||**year**||||||
## **Funds held as custodian trustees on behalf of others**
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Description of the assets N/A
held in this capacity
Name and objects of the N/A
charity on whose behalf
the assets are held and
how this falls within the
custodian charity’s
objects
Details of arrangements N/A
for safe custody and
segregation of such
assets from the charity’s
own assets
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## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information)** CEO Laura Watford COO Jorden Birch
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
## **The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date**
## **STEMunity**
## **FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31ST MARCH 2022
Registered Charity Number 1195614
## **STEMunity**
## **Statement of Financial Activities for the year ended 31st March 2022**
|**Incoming Resources**
Note
**Income**
Grants
2
Income from Charitable Activites
**Total Incoming Resources**
**Resources Expended**
Raising Funds
3
Charitable Activities
4
Other
5
**Total Resources Expended**
**Net Income / Expenditure**
**Funds Brought Forward**
**Funds Carried Forward**|Unrestricted
Funds
Restricted &
Endowment
Funds
**Total 21/22**
5,000
20,000
**25,000**
4,800
-
**4,800**
9,800
20,000
**29,800**
1,167
-
**1,167**
5,120
13,825
**18,945**
3,179
-
**3,179**
9,466
13,825
**23,291**
334
6,175
**6,509**
-
-
**-**
334
6,175
**6,509**|Total 20/21
-
-
-
-
-
-
-
-
**-**|
|---|---|---|
1
## **STEMunity**
## **Balance Sheet for the year ending 31 March 2022**
|**Note**
**Fixed Assets**
Tangible Fixed Assets
**Current Assets**
Debtors
Prepayments
Cash at Bank & in Hand
**Current Liabilities**
6
Creditors
Accruals
**Total Current Assets / Liabilities**
**Total Net Assets / Liabilities**|**2021/22**
-
**-**
12,627
**12,627**
5,833
285
**6,118**|**6,509**
**6,509**|**2020/21**
-
**-**
-
-
-
**-**
-
-
**-**|**-**
**-**|
|---|---|---|---|---|
2
## **STEMunity**
## **Notes to the Accounts for the year ending 31st March 2022**
## **1. Accounting Policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The Charity is a Charitable Incorporated Organisation
## **Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income received in advance of the provision of specified services it is deferred until the criteria for income recognition is met.
## **Interest Receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
## **Fund Accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for a particular purpose / area of the charity's work or for specific projects.
The Charity received 2 grants during the accounting period which are classed as restricted funds and were awarded specifically in relation to the STEM Academy video projects. One of the grants was fully spent at the end of the accounting period and there are plans in place to spend the reserves held in respect of the other project during the next financial year.
## **Expenditure and Irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
3
## **Tangible Fixed Assets**
No fixed assets are held by the Charity at the current time.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Credors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Trustees Remuneration**
None of the Trustees received any remuneration or benefit from the charity during the year and no expenses were reimbursed.
## **Related Party Transactions**
Remuneration of £5833 was made to related parties during the year as follows:
Laura Watford - CEO £2,917 (related to Graham Watford - Trustee)
## **Employee Costs and Benefits**
The charity employed 2 staff during the accounting period. Remuneration was paid as follows: Laura Watford - CEO £2917
Jorden Birch - COO £2917
Remuneration was not in excess of 25% of the income for the period. No other benefits were received by staff during the account period. No employee received benefits in excess of £60,000.
## **2. Income**
|Donations
Grants
Income from Charitable Activities
Other Trading Activities|Unrestricted
Funds
Restricted &
Endowment
Funds
**Total 21/22**
-
-
-
5,000
20,000
25,000
4,800
-
4,800
-
-
-
9,800
20,000
29,800
**2021/22**|**2020/21**
Total 20/21
-
-
-
-|
|---|---|---|
|||-|
## **Grants and Other Income**
|**Grants and Other Income**||||||
|---|---|---|---|---|---|
|||Restricted &||||
||Unrestricted|Endowment||||
||Funds|Funds|**Total 21/22**|Total 20/21||
|ERA Foundation|5,000|-|5,000||-|
|The Hive - Portsmouth|-|10,000|10,000||-|
|TGET|-|10,000|10,000||-|
|British Council|1,800|-|1,800|||
4
|Royal Academy of Engineering
**3. Expenditure on Raising Funds**
Employee Costs
Fundraising Activities|3,000
-
3,000
9,800
20,000
29,800
Unrestricted
Funds
Restricted &
Endowment
Funds
**Total 21/22**
1,167
-
1,167
-
-
-
1,167
-
1,167|-
-
Total 20/21
-
-
-|
|---|---|---|
## **4. Expenditure on Charitable Activities**
|Escape Rooms
STEM Academy South
STEM Academy North
STEM Jamaica Project
Employee Time / Expenses|Unrestricted
Funds
Restricted &
Endowment
Funds
**Total 21/22**
3,000
-
3,000
-
10,000
10,000
-
3,825
3,825
1,800
-
1,800
320
-
320
5,120
13,825
18,945|Total 20/21
-
-
-
-
-
-|
|---|---|---|
## **Employee Time / Expenses**
To support growth of the charity the Trustees have agreed that the roles of CEO and COO will primarily work on a voluntary basis and will only be paid when suitable levels of funding are held. It has been agreed that when funds are available, small and sustainable amounts for these roles will be awarded. Trustees are currently exploring the ‘Core Cost’ funding opportunities with the support of a local grant advisor. The amount paid for the roles in each accounting period will only be decided once suitable funds are available (which cannot exceed 25% of funding received). This is to be reviewed on an annual basis by the trustees.
The apportionment of employee time in the accounting period is as follows:
|Grant Bidding
Charitable Activities
**5. Other Expenditure**
Insurance
Website and IT Costs
Bank Charges
Accountancy|Unrestricted
Funds
Restricted &
Endowment
Funds
**Total 21/22**
1,167 -
1,167
4,666
4,666
5,833
-
5,833
Unrestricted
Funds
Restricted &
Endowment
Funds
**Total 21/22**
817
-
817
1,947
-
1,947
130
-
130
285
-
285
3,179
3,179|**-**
-
Total 20/21
-
-
-
-
-|
|---|---|---|
5
## **6. Creditors and Accruals**
|Employee Costs
Accountancy
Independent Examination
**7. Analysis of Charitable Funds**
**Restricted Funds**
STEM Project South
STEM Project North
**Unrestricted Funds**
General|Unrestricted
Funds
Restricted &
Endowment
Funds
**Total 21/22**
Total 20/21
5,833
-
5,833
-
110
-
110
-
175
-
175
6,118
-
6,118
-
**At 21st August**
**Incoming**
**Resources**
**Transfers**
**At 31 March**
**2021**
**Resources**
**Expended**
**2022**
-
10,000
10,000
-
-
-
10,000
3,825
-
6,175
-
20,000
13,825
-
6,175
**At 21st August**
**Incoming**
**Resources**
**Transfers**
**At 31 March**
**2021**
**Resources**
**Expended**
**2022**
-
9,800
9,466
334
-
-
-
-
-
-
9,800
9,466
-
334|
|---|---|
6
## **STEMunity**
## **Detailed Statement of Financial Activities**
21st August 2021 to 31 March 2022
|**INCOME**
Donations
Grants
Income from Charitable Activities
Other Trading Activities
**EXPENSES**
Escape Rooms
STEM Academy South
STEM Academy North
British Council Jamaica Project
Core Employee Time / Expenses
Insurance
Website and IT Maintenance
Bank Charges
Accountancy
**Net Income**|**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2022**
0
-
-
5000
20,000
25,000
4800
-
4,800
0
-
-
**9,800**
**20,000**
**29,800**
**-**
3,000
-
3,000
-
10,000
10,000
-
3,825
3,825
1,800
-
1,800
1,487
-
1,487
817
-
817
1,947
-
1,947
130
-
130
285
-
285
**9,466**
**13,825**
**23,291**
334
6,175
6,509|**TOTAL**
**2021**
-
-
-
-
**-**
-
-
-
-
-
-
**-**
-|
|---|---|---|
7
## **Independent Examiner's Report to the Trustees**
I report to the trustees on my examination of the accounts of STEMunity for the year ended 31st March 2022, which are set out on pages 1-7.
## **Responsibilities and basis of the report**
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable directions given by the Charity Commission under section 145(5)(b) of the Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no material matters have come to my attention in connenction with the examination which gives me cause to believe that in, any material respect:
a) accounting records were not kept in accordance with section 130 of the Act or b) the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Nicole Gray NG Community Accounting Services Jubilee House Lincoln Road Doddington Lincoln LN6 4RS
25th January 2023
## **STEMunity**
## **FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31ST MARCH 2022
Registered Charity Number 1195614
## **STEMunity**
## **Statement of Financial Activities for the year ended 31st March 2022**
|**Incoming Resources**
Note
**Income**
Grants
2
Income from Charitable Activites
**Total Incoming Resources**
**Resources Expended**
Raising Funds
3
Charitable Activities
4
Other
5
**Total Resources Expended**
**Net Income / Expenditure**
**Funds Brought Forward**
**Funds Carried Forward**|Unrestricted
Funds
Restricted &
Endowment
Funds
**Total 21/22**
5,000
20,000
**25,000**
4,800
-
**4,800**
9,800
20,000
**29,800**
1,167
-
**1,167**
5,120
13,825
**18,945**
3,179
-
**3,179**
9,466
13,825
**23,291**
334
6,175
**6,509**
-
-
**-**
334
6,175
**6,509**|Total 20/21
-
-
-
-
-
-
-
-
**-**|
|---|---|---|
1
## **STEMunity**
## **Balance Sheet for the year ending 31 March 2022**
|**Note**
**Fixed Assets**
Tangible Fixed Assets
**Current Assets**
Debtors
Prepayments
Cash at Bank & in Hand
**Current Liabilities**
6
Creditors
Accruals
**Total Current Assets / Liabilities**
**Total Net Assets / Liabilities**|**2021/22**
-
**-**
12,627
**12,627**
5,833
285
**6,118**|**6,509**
**6,509**|**2020/21**
-
**-**
-
-
-
**-**
-
-
**-**|**-**
**-**|
|---|---|---|---|---|
2
## **STEMunity**
## **Notes to the Accounts for the year ending 31st March 2022**
## **1. Accounting Policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The Charity is a Charitable Incorporated Organisation
## **Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income received in advance of the provision of specified services it is deferred until the criteria for income recognition is met.
## **Interest Receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
## **Fund Accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for a particular purpose / area of the charity's work or for specific projects.
The Charity received 2 grants during the accounting period which are classed as restricted funds and were awarded specifically in relation to the STEM Academy video projects. One of the grants was fully spent at the end of the accounting period and there are plans in place to spend the reserves held in respect of the other project during the next financial year.
## **Expenditure and Irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
3
## **Tangible Fixed Assets**
No fixed assets are held by the Charity at the current time.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Credors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Trustees Remuneration**
None of the Trustees received any remuneration or benefit from the charity during the year and no expenses were reimbursed.
## **Related Party Transactions**
Remuneration of £5833 was made to related parties during the year as follows:
Laura Watford - CEO £2,917 (related to Graham Watford - Trustee)
## **Employee Costs and Benefits**
The charity employed 2 staff during the accounting period. Remuneration was paid as follows: Laura Watford - CEO £2917
Jorden Birch - COO £2917
Remuneration was not in excess of 25% of the income for the period. No other benefits were received by staff during the account period. No employee received benefits in excess of £60,000.
## **2. Income**
|Donations
Grants
Income from Charitable Activities
Other Trading Activities|Unrestricted
Funds
Restricted &
Endowment
Funds
**Total 21/22**
-
-
-
5,000
20,000
25,000
4,800
-
4,800
-
-
-
9,800
20,000
29,800
**2021/22**|**2020/21**
Total 20/21
-
-
-
-|
|---|---|---|
|||-|
## **Grants and Other Income**
|**Grants and Other Income**||||||
|---|---|---|---|---|---|
|||Restricted &||||
||Unrestricted|Endowment||||
||Funds|Funds|**Total 21/22**|Total 20/21||
|ERA Foundation|5,000|-|5,000||-|
|The Hive - Portsmouth|-|10,000|10,000||-|
|TGET|-|10,000|10,000||-|
|British Council|1,800|-|1,800|||
4
|Royal Academy of Engineering
**3. Expenditure on Raising Funds**
Employee Costs
Fundraising Activities|3,000
-
3,000
9,800
20,000
29,800
Unrestricted
Funds
Restricted &
Endowment
Funds
**Total 21/22**
1,167
-
1,167
-
-
-
1,167
-
1,167|-
-
Total 20/21
-
-
-|
|---|---|---|
## **4. Expenditure on Charitable Activities**
|Escape Rooms
STEM Academy South
STEM Academy North
STEM Jamaica Project
Employee Time / Expenses|Unrestricted
Funds
Restricted &
Endowment
Funds
**Total 21/22**
3,000
-
3,000
-
10,000
10,000
-
3,825
3,825
1,800
-
1,800
320
-
320
5,120
13,825
18,945|Total 20/21
-
-
-
-
-
-|
|---|---|---|
## **Employee Time / Expenses**
To support growth of the charity the Trustees have agreed that the roles of CEO and COO will primarily work on a voluntary basis and will only be paid when suitable levels of funding are held. It has been agreed that when funds are available, small and sustainable amounts for these roles will be awarded. Trustees are currently exploring the ‘Core Cost’ funding opportunities with the support of a local grant advisor. The amount paid for the roles in each accounting period will only be decided once suitable funds are available (which cannot exceed 25% of funding received). This is to be reviewed on an annual basis by the trustees.
The apportionment of employee time in the accounting period is as follows:
|Grant Bidding
Charitable Activities
**5. Other Expenditure**
Insurance
Website and IT Costs
Bank Charges
Accountancy|Unrestricted
Funds
Restricted &
Endowment
Funds
**Total 21/22**
1,167 -
1,167
4,666
4,666
5,833
-
5,833
Unrestricted
Funds
Restricted &
Endowment
Funds
**Total 21/22**
817
-
817
1,947
-
1,947
130
-
130
285
-
285
3,179
3,179|**-**
-
Total 20/21
-
-
-
-
-|
|---|---|---|
5
## **6. Creditors and Accruals**
|Employee Costs
Accountancy
Independent Examination
**7. Analysis of Charitable Funds**
**Restricted Funds**
STEM Project South
STEM Project North
**Unrestricted Funds**
General|Unrestricted
Funds
Restricted &
Endowment
Funds
**Total 21/22**
Total 20/21
5,833
-
5,833
-
110
-
110
-
175
-
175
6,118
-
6,118
-
**At 21st August**
**Incoming**
**Resources**
**Transfers**
**At 31 March**
**2021**
**Resources**
**Expended**
**2022**
-
10,000
10,000
-
-
-
10,000
3,825
-
6,175
-
20,000
13,825
-
6,175
**At 21st August**
**Incoming**
**Resources**
**Transfers**
**At 31 March**
**2021**
**Resources**
**Expended**
**2022**
-
9,800
9,466
334
-
-
-
-
-
-
9,800
9,466
-
334|
|---|---|
6
## **STEMunity**
## **Detailed Statement of Financial Activities**
21st August 2021 to 31 March 2022
|**INCOME**
Donations
Grants
Income from Charitable Activities
Other Trading Activities
**EXPENSES**
Escape Rooms
STEM Academy South
STEM Academy North
British Council Jamaica Project
Core Employee Time / Expenses
Insurance
Website and IT Maintenance
Bank Charges
Accountancy
**Net Income**|**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2022**
0
-
-
5000
20,000
25,000
4800
-
4,800
0
-
-
**9,800**
**20,000**
**29,800**
**-**
3,000
-
3,000
-
10,000
10,000
-
3,825
3,825
1,800
-
1,800
1,487
-
1,487
817
-
817
1,947
-
1,947
130
-
130
285
-
285
**9,466**
**13,825**
**23,291**
334
6,175
6,509|**TOTAL**
**2021**
-
-
-
-
**-**
-
-
-
-
-
-
**-**
-|
|---|---|---|
7
## **Independent Examiner's Report to the Trustees**
I report to the trustees on my examination of the accounts of STEMunity for the year ended 31st March 2022, which are set out on pages 1-7.
## **Responsibilities and basis of the report**
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable directions given by the Charity Commission under section 145(5)(b) of the Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no material matters have come to my attention in connenction with the examination which gives me cause to believe that in, any material respect:
a) accounting records were not kept in accordance with section 130 of the Act or b) the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Nicole Gray NG Community Accounting Services Jubilee House Lincoln Road Doddington Lincoln LN6 4RS
25th January 2023