GO FULL STEAM Go Fui STEAM ANNUAtr '_ REPO.RT; 2024-2025 Go Full STEAM, 8-12 Camden High st, London NWI OJH www.gofullsteam.org.uk info@gofullsteam.org.uk ANNUAL REPORT TABLE OF CONTENTS OOOOOOOOOeS Qr l! Kil[00000000000- 00000000000 oool 000 t)0 OOOy,•OO ,,O•¥ooo,' 000 ,,￿:,00¢jierjcP•kn . 04 Introduction 000 I,, l. l- i; 05 Welcome from the Chair of Trustees ' )ooooo'" >£ >< 06 Our Programmes >c 08 What is STEAM? Why Go Full STEAM? We work closely with staff at local youth and community centres and understand the need for STEAM activities to support hard-to-engoge young people who are struggling at school and have the relationships. experience, equipment and knowledge required to provid8 STEAM activities locally. l O Report of the Trustees 12 Statement of Financial Activities 13 Balance Sheet 14 Notes to the Financial Statements 17 Detailed Statement Financial Activities INTRODUCTION WELCOME FROMTHE CHAIR OFTRUSTEES rr It is with great pride and a deep sense of purpose thot we present the first onnual accounts for Go Full STEAM, o charity born out of a shored recognition of the disparities facing young people in our inner-city communities, and the belief that Science, Technology, Engineering, the Arts and Mathemotics (STEAM) con offer powerful pothways to opportunity. We aim to realise the po- tential in young people through Science, Technolo- gy, Engineering Art and Maths so they can be the best they can and be pre- pared for the lives they cannot foresee. Our vision is simple but urgent: to create a bridge between the talented, cre- otive young people of boroughs like Islington, and the industries shaping our future. many of which are just a stone's throw away. Old Street, London's"Silicon Roundabout-, is a global tech hub, bustling with startups, data scientists, de- signers, coders and engineers. But for many of the young people passing this area daily on their way to school, that world can feel entirely out of reach. Go Full STEAM exists to change that. We want to make the invisible visible to open new routes into these industries for young people who have the potential, but not yet the access. Through immersive technologies such as virtual reality, and through hands-on engagement with real-world solutions like renewable energy, we aim to spork curiosity, build skills, ond foster ambition. GO FULL STEAM This first year has been focused on loying strong foundations.. listening to our community, building portnerships, and launching our first programmes in col- laboration with local youth workers, educators, and technologists. Already, we've seen the impact that early exposure to these tools and ideos con have. A sense of possibility begins to grow, ond ospirotions shift. We are committed to staying rooted in the community, led by the needs and voices of yOLJng people themselves. And we are equally committed to excel- lence, bringing them into contact with the best of the sector, and helping them imagine ond build o future in which they belong. As we look ahead, we are excited to continue growing our impact- and deeply grateful to everyone who has supported us so far. On behalf of the trustees, Go Full Steam is a a STEAM charity founded in 2024 to empower young people to engoge in oll the elements of STEAM - Science, Technology, Engineering, Art ond Moths. Our cre- ative problem-solving activities provide opportu nities to gain the skills they need to make meoningful, positive change in thewoTld. We ore inclusive ond remove borriers to engoge- ment to er)sure that our activities are available to everyone. Dr. Janice Tien-chye Tan Chair of Trustees. Go Full STEAM Realit Check. Our Flagship i/R Programme Cycle Science Lab Before this project. I never really thought about how much sci8nGe goes into a bike. Now I know how gears and brakes work, and I can fix things myself. It mode leorning way more fun l actually looked forward to coming each week. Derrick. oged 16 Over 6 sessions we explore STEAM subjects through bicycles. Covering everything from the forces that keep a bike upright when cycling to how braking systems work. we provid8 a honds-on workshop experience that allows participants to optimise a bicycle's performance, carry out safety checks and assess whether it's roadworthy. li We explore which tools to use and how to use them. Participants learn how to dismontle ond reossemble wheels, brokes ond geors whilst exploring the Science. Technology. Engineering. Art and Maths behind how they work. Our 6-week cycling and bike maintenance programmes provides honds-on. workshop bosed opportunities to explore STEAM subjects. Reality Check, our flogship VR experience, is a programme that explores the pressure to carry a knife and the risks and potential outcomes for young people through a VR headset. U•1 '. kttps tttotd% that tot￿pIY with S#t1￿ 386 atsj o fts Companies Aci a￿1 Preparing aawn¢nts which ￿ve a ime *¥J f￿"T vi¢w ofth¢ 5wc ofaffair5 Of￿ c]ub (md of fi]jall¢i￿ ye4[ aul of its OT deficit ftr each filla￿la7 year ￿ a¢eoTdall¢e with iequitetllenls tsf s￿tiOns 394 arAI ￿ 3Tht wkn'ch othelwi5e COTDply with ts r4uircments ofd* CwaDic5 Act relatUJ8 b find￿117 katctD x) far ￿ wlKable b tht tld). Tl¥e fin￿￿ill $tstern￿ts Fdv¢ b¢¢D pr¢patrd ill with tr¢ provi$iDns *ppJi¢ttbk kn ¢h¥itsbk ¢tsmpath¢s ￿bj￿ b th¢ .. 24.042015 w¢r¢ 15 bchjlby.. Margariia Kopoiciky . TDJstee 12 Massjmo B￿ShellO 13 NOTESTOTHE FINANCIAL STATEMENTS NOTESTOTHE FINANCIAL STATEMENTS (con't) FOR THEYEAR ENDED 31 DECEMBER 2024 FOR THEYEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of preparingthe finaDcial statements The fman¢ial swemenis of the ¢lub, wbich, although ye¢ a registera ¢FJarity, have tten in ?￿OrdaIl with the Charities SOIIP (FRS 102) 'Attothbu)g and Rewtrning by Chan"ties: Stytrment of Rets)mme￿￿ Pra¢ti¢¢ applicable to cknities prewiDg their accounts in accor￿¢ with the Filwicial Rq￿ing Standatd applKable in t UK and Reythli¢ of Jreiatxl (FRS 102) (¢ffe¢tiv¢ l January 2019y, F￿ancial Ret*Yto)g Stst)dard 102 Tr FinarK R¢w>thig Standard applvble in th UK atxl Republic of Ir¢iand' atxl th¢ Act 2(M￿. Th¢ fit)8wi 11.2 CHARITABLE ACTIVITIES COSTS Costs 17.750 750 IDcome All illcorne is ree08D￿d in the Statement of FÉDancial Activities 0￿e the cknity b&s entitle[[￿￿t to the it . probable that the itmme will be receiv￿ and amount ￿llbe me4w1￿ re]iably. Expenditure Liabikn'ties are teco8Dised &$ exttnditute as s(X>D as tIKre is a legal or constructive (thligation cottmJittiD8 the charity to that expenditure. rt 15 probable that a transfer of economic benefits will required in settletncnt and the amount of thc obligation can be measwyd reliably. Ex￿￿1￿￿¢ is XCOW)t￿ for (rt) an ac¢¢uats b&sJs t*¢n ¢lwifth unthr he4dings that ag￿egate all cost related ￿ the category. costs Can￿)1 dirrdly amributed to rArtic h￿dingS they have E¢cn all¢xxtedto x¢ivitifs on a bgsi5C¢JDSi5tCDt with the use of re￿￿[¢￿. Tangible fixed assets Depreciation is provithdat the following ajmual rates in oth to ￿lte off eath assetoyer its eSt[M￿ usefvl lif Plant and mathinery 25% on Cost Computer ryuipment Taxation 1024 TeChW￿ eojiw ¢0# * 31 D￿￿2￿24 TRUSTEES. REMUNEPATIONAND BENEFITS Trnstee$' expense$ STAFF COSTS 2024 The ¢lub is a not for profit entity in the process of 8pplyu)g for ¢14ritsble for its Ch￿￿3b￿ ¥tivitie& Fund accounting Unre5trÈcted fjjnds can be used in xcordance with the club5 obiwtivcs at the d15LTdl￿ of the maDagellKnt Restricted filttds can only be for particular restricted pwtA)ses within the obj'ects of the club. RestrithoTrs arise 15.500 15.5C4) DONATIONS AND LEGACIES Dtsnations and COMPARATIVES FOR THE STATEME￿ OF FINANCIAL ACTIVITIES 25.9)0 25. INCOME AND ENIX)WMENfs FROM 21.￿) 25.9 112(K) 112(X) 16.1 21. 37.1(X) EXPENDITUKE ON 75 750 14 15 NOTESTOTHE FINANCIAL STATEMENTS (con't) DETAILED STATEMENT FINANCIAL ACTIVITIES FOR THEYEAR ENDED 31 DECEMBER 2024 FOR THEYEAR ENDED 31 DECEMBER 2024 9. REIATED PARTY DISCLOSURFS Independent examiner's report I rcport to th¢ charity my cxamÉrwion of the xwunr5 of tr Company for the ycar¢Dd¢d 31 De¢¢mb¢r2024 a5 Set outon There where no related party transactions for the year ¢nded 2024 As the rnaDageM￿t bDard of the Ci>wy land also its director5 fot the puwses of company lawl you are rwtksible for the prcpaTHtion of the accounts JD ￿￿or￿ wtth the requirements ofthe CompaDies Act 2￿￿(,the 2(K)6 Artl. Having saiisfied myself that the x£oullts of the CoJJJpany are required ￿ be audit￿1 underPaft 16 of the, 2006 Act 8tsd are eligible for ind¢p¢nth ¢xarninaW I r¢wbrt tn r¢5P¢¢t of my ¢xarniDation of y¢)ur a¢wJrLts as wri¢d out ¢ornpliarLt with %¢li4)n 145 of th¢ ChaEiti¢S 201 I Cth¢ 2011 Arf). In canying out my cxamiwion I h•v¢ followed th¢ DiTWtiOTh5 giv¢tL by the Ctwity Commission under 5ectiotL 145(5) (b)of the2011 ACL 10. GOVERNANCE COSTS 2ff24 to believe: a￿ll01]ng rewr(ts w¢r¢ ￿t kept irl TW of th¢ Cowy ￿ r4uir¢d by section 3 80 of th¢ 2(K)6 Act; or th¢ a¢￿v￿ts do n¢A aco)rd with ttw)s¢ r¢¢A)rd5: or tbe aceouttts do co]nply with tbe accoutLtiti8 iequiremetsts of s#tiots 396 of the 2(M)6 Act otheithatt attyrequireM￿t that the acco￿ give a true aDd fairview whÈ¢h is a matter collsideftd ts part of an iDdepelldent exaMi[￿tiOn. or the accowits have noi E¢en prepared ÈrL w.ith the Meth￿]$ andprÈnciples of the Ststemeni of Rccommen(kd Practice for accouniin8 aDd rry¥xtLn8by chariiies Iwlicabl¢ w Charities Pr¢parU￿ their xwurLts ￿)rd￿ wth th¢ FIr￿n¢la] ReFonmg StsDdaTd applicable ￿ the UJ( and Republic of Ireland IFRS 10211. I hav¢ Jx> wn¢¢rn5 and hav¢ wm¢ ￿5$$ Do oth¢r rnlltt¢T5 in wnnwtion with thc ¢¥￿1￿0￿0￿ to which ¥tt¢ntion slM)uld bc drawn in thi5 ImdeptDdeDt Eumlner J Wrigbu AATQB tknis Wri8￿ Ltd ibex HO￿$t. 162-164 SW19 8AQ d*te24.04.2025 16 17 We aim to realise the potential in young people through Science, Technology, Engineering Art and Maths so they can be the best they can and be prepared for the lives they cannot foresee. GO FULL STEAM CONTACT US: info@gofullsteam.org.uk wMv.gofullsteom.org.uk