REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
SOCIAL SHIFTERS |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
SOCIAL SHIFTERS |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
SOCIAL SHIFTERS |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 16 |
SOCIAL SHIFTERS (REGISTERED NUMBER: SC649437) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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 2019). |
OBJECTIVES AND ACTIVITIES |
Social Shifters was established with the aim of enabling the next generation of leaders, innovators, and entrepreneurs to tackle the world's most pressing social and environmental issues in new ways. |
We do this through carrying out the following activities: |
Innovation Challenges |
Fast, effective and scalable competitions to find, fund, and accelerate the most promising social impact projects in targeted locations and fields. |
Launchpad & Leadership Programmes |
Virtual leadership and incubator programmes that combine structured learning with interactive tasks and challenges, live sessions, mentoring, and peer support. |
Digital Learning |
Inspiring bitesize learning content and specialised e-learning courses, together with a community of support from peers, instructors, and coaches. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
Social Shifters Community |
During 2023 we continue to build a self-supporting community of next generation changemakers from across the world, that are motivated by purpose, driven by entrepreneurial mind-set, and committed to making a positive impact in their communities. |
Our research shows that these beneficiaries: |
- Are located in 167 countries. |
- Have a top life goal of 'making a contribution to society' (80%). |
- Often identify as being from marginalised or underrepresented groups (61%). |
- Have lived experience of the issues they are tackling (88%). |
They are committed, energetic, and risk taking, with an action-bias. |
Learning Experiences |
We continue to deliver learning experiences that develop the leadership capabilities and skills of young changemakers (18-30 years). |
In 2023, we provided learning to 6,508 young people. Our evaluation results show that our learning provides a highly effective and scalable way of enabling young leaders to progress their social impact projects quickly and with confidence. |
- 96% developed increased knowledge. |
- 92% felt part of a supportive community. |
- 94% were encouraged to take action |
- 92% developed new skills and techniques |
- 94% developed a stronger idea for social or environmental action. |
Overall, our results show that 96% benefited in some way from our learning experiences. |
SOCIAL SHIFTERS (REGISTERED NUMBER: SC649437) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Youth Challenges |
In 2023, we further developed the potential of our innovation challenges, designed to help find, fund, and accelerate youth-led social impact projects. |
Our flagship Global Innovation Challenge achieved significant reach and impact: |
- 3 million youth reached online |
- 5,412 teams of young people participating from 144 countries |
- 1,325 social impact startup projects incubated |
- 22 million people directly benefiting from youth-led innovations. |
We will continue to develop the potential of our innovation competitions to empower the next generation of changemakers to create jobs, improve lives, transform communities, and tackle climate change. |
Volunteering |
This year we were supported by a core of 1,774 volunteers from some of the world’s leading companies, including Amazon, JP Morgan Chase, and Standard Chartered. |
Our evaluation findings show that volunteers came away informed, inspired, and with a renewed impetus to work on sustainability issues. |
- 84% were inspired by the ideas of young people |
- 76% developed new insights into world issues |
- 70% were motivated to contribute more. |
Overall, 99% of volunteers were satisfied or very satisfied with the experience. |
FINANCIAL REVIEW |
Financial position |
The total income for the charity this year is £492,476 (2022: £226,903). The total expenditure for the year was £326,590 (2022: £253,027) with staff costs of £151,818 (2022: £82,995) being the main items of spending. |
Principal funding sources |
The principal sources of funding for Social Shifters are from corporate sponsorship and donations, and licensing income in pursuance of the charitable objectives of the company. |
Reserves policy |
The trustees consider that six months of annual expenditure is an appropriate level of reserves to hold to meet the day to day running costs of the charity. This amounts to £155,833. The total funds held at the end of the financial year is £238,221 (2022: £72,335) of which £172,941 (2022: £56,335) is unrestricted reserves. The trustees continue to strive to ensure the resilience of the charity and to secure further funding. This involves that future funding is at cost recovery as well as diversifying funding streams. |
Going concern |
The results for 2023 are set out in the financial statements provided. The board are satisfied with the financial results during the period and have confidence in the financial prospects for Social Shifters. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
Social Shifters is a Company Limited by Guarantee and registered charity, governed by its Memorandum and Articles of Association. |
Recruitment and appointment of new trustees |
Trustees are appointed according to the Articles of Association, meet regularly, and are responsible for the strategic direction of the charity. Trustees have a variety of professional backgrounds relevant to the work of the charity. |
SOCIAL SHIFTERS (REGISTERED NUMBER: SC649437) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Organisational structure |
The trustees are responsible for keeping proper financial records, preparing an annual report and financial statement in accordance with applicable law and accounting standards. The trustees are also responsible for safeguarding the assets of the charity. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
Martin Aitken & Co Ltd |
Chartered Accountants |
Caledonia House |
89 Seaward Street |
Glasgow |
G41 1HJ |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
SOCIAL SHIFTERS |
I report on the accounts for the year ended 31 December 2023 set out on pages five to sixteen. |
Respective responsibilities of trustees and examiner |
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
Basis of the independent examiner's report |
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. |
Independent examiner's statement |
In connection with my examination, no matter has come to my attention : |
(1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
- | to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and |
- | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations |
have not been met; or |
(2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
Gavin Curr FCCA |
The Association of Chartered Certified Accountants |
Martin Aitken & Co Ltd |
Chartered Accountants |
Caledonia House |
89 Seaward Street |
Glasgow |
G41 1HJ |
18 November 2024 |
SOCIAL SHIFTERS |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME FROM |
Donations and legacies | 2 |
Charitable activities | 3 |
Total |
EXPENDITURE ON |
Direct charitable costs | 4 |
( |
) |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 72,335 |
CONTINUING OPERATIONS |
The Statement of Financial Activities includes all gains and losses recognised in the year. |
All income and expenditure has arisen from continuing operations. |
SOCIAL SHIFTERS (REGISTERED NUMBER: SC649437) |
BALANCE SHEET |
31 DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 10 |
CURRENT ASSETS |
Debtors | 11 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 12 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 14 |
Unrestricted funds | 56,335 |
Restricted funds | 16,000 |
TOTAL FUNDS | 72,335 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
SOCIAL SHIFTERS (REGISTERED NUMBER: SC649437) |
BALANCE SHEET - continued |
31 DECEMBER 2023 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
SOCIAL SHIFTERS |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Social Shifters is a company limited by guarantee incorporated in Scotland. The registered office is Flat 2/2, 9 Leslie Street, Glasgow, Scotland, G41 2LQ. |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. |
The financial statements are presented in Sterling (£). |
Going Concern |
The financial statements have been prepared on a going concern basis, which the trustees believe to e appropriate for the reasons set out in the Trustees' Report. |
Financial reporting standard 102 - reduced disclosure exemptions |
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': |
• | the requirements of Section 7 Statement of Cash Flows. |
Judgements |
The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The trustees consider there are no such significant judgements. |
Provisions |
Provisions are recognised when the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date. |
Income |
All income is recognised in the Statement of FInancial Activities once the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably. |
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred, |
Other revenue streams are recognised when there is an understanding of the terms to both parties and the charity has invoiced the appropriate entity. In the event that a service is subject to conditions that require a level of performance before the charity is entitled to funds, the income is deferred and not recognised until either those conditions are fully met ot the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. |
SOCIAL SHIFTERS |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | ACCOUNTING POLICIES - continued |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
Charitable activities |
Costs of charitable activities are incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities, events and non-charitable trading. |
Governance costs |
These are indirect costs attributable to the management function that supports the direct provision of charitable services. |
Allocation and apportionment of costs |
Where possible expenditure is allocated directly to an activity. Items of expenditure which contribute to more than once activity are apportioned on a reasonable, justifiable and consistent basis. |
Support costs which are not attributable to a single activity but rather provide the organisational infrastructure that enables output producing activities to take place are allocated on the same basis as expenditure incurred directly in undertaking an activity. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Computer equipment | - |
Tangible fixed assets are included at cost less accumulated depreciation and accumulated impairment losses. |
Impairment of non-financial assets |
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
SOCIAL SHIFTERS |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable. |
Debt instruments like other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received. |
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss. |
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. |
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities. |
2. | DONATIONS AND LEGACIES |
2023 | 2022 |
£ | £ |
Donations |
3. | INCOME FROM CHARITABLE ACTIVITIES |
2023 | 2022 |
Activity | £ | £ |
Other income | Charitable activities | 4,500 | 44,881 |
Grants | Charitable activities | 393,436 | 102,022 |
Grants received, included in the above, are as follows: |
2023 | 2022 |
£ | £ |
CEIS Grant | - | 2,022 |
Scottish Government | - | 77,000 |
Lanarkshire Enterprise Grant | - | 5,000 |
BASF - Sponsorship | - | 18,000 |
Scottish Enterprise | 34,553 | - |
Gilead Sciences | 79,103 | - |
Howden Group | 22,000 | - |
Allen & Overy | 12,000 | - |
JP Morgan Chase | 30,000 | - |
Carried forward | 177,656 | 102,022 |
SOCIAL SHIFTERS |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
3. | INCOME FROM CHARITABLE ACTIVITIES - continued |
2023 | 2022 |
£ | £ |
Brought forward | 177,656 | 102,022 |
Amazon | 117,500 | - |
Fitch Ratings | 98,280 | - |
393,436 | 102,022 |
4. | CHARITABLE ACTIVITIES COSTS |
Grant | Support |
Direct | funding of | costs (see |
Costs | activities | note 5) | Totals |
£ | £ | £ | £ |
Charitable activities | 259,146 | 66,063 | 1,381 | 326,590 |
5. | SUPPORT COSTS |
Governance |
Finance | costs | Totals |
£ | £ | £ |
Charitable activities | 91 | 1,290 | 1,381 |
Support costs, included in the above, are as follows: |
2023 | 2022 |
Charitable | Total |
activities | activities |
£ | £ |
Training | - | 595 |
Bank charges | 91 | - |
Accountancy fees | 1,290 | 2,100 |
1,381 | 2,695 |
6. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
SOCIAL SHIFTERS |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
7. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. |
8. | STAFF COSTS |
2023 | 2022 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
151,818 | 82,995 |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Administration |
9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME FROM |
Donations and legacies |
Charitable activities |
Total |
EXPENDITURE ON |
Direct charitable costs |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 29,965 | 68,494 |
TOTAL FUNDS CARRIED FORWARD | 56,335 | 16,000 | 72,335 |
SOCIAL SHIFTERS |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
The above summary represents the split of unrestricted and restricted activity for the year ended 31 December 2023 |
10. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 January 2023 |
Additions |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
VAT |
12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Tax |
Social security and other taxes |
Accruals and deferred income |
SOCIAL SHIFTERS |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
13. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
£ | £ | £ | £ |
Fixed assets | 410 | - | 410 | 472 |
Current assets |
Current liabilities | ( |
) | ( |
) | ( |
) |
172,941 | 65,280 | 238,221 | 72,335 |
14. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/1/23 | in funds | 31/12/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 56,335 | 116,606 | 172,941 |
Restricted funds |
Rathbones | 16,000 | - | 16,000 |
Fitch Ratings | - | 49,280 | 49,280 |
49,280 |
TOTAL FUNDS | 165,886 | 238,221 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 99,040 | 17,566 | 116,606 |
Restricted funds |
Scottish Enterprise | 34,553 | (34,553 | ) | - |
Gilead Sciences | 79,103 | (79,103 | ) | - |
Howden Group | 22,000 | (22,000 | ) | - |
Allen & Overy | 12,000 | (12,000 | ) | - |
JP Morgan Chase | 30,000 | (30,000 | ) | - |
Amazon | 117,500 | (117,500 | ) | - |
Fitch Ratings | 98,280 | (49,000 | ) | 49,280 |
( |
) | 49,280 |
TOTAL FUNDS | ( |
) | 165,886 |
SOCIAL SHIFTERS |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
14. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1/1/22 | in funds | 31/12/22 |
£ | £ | £ |
Unrestricted funds |
General fund | 29,965 | 26,370 | 56,335 |
Restricted funds |
CEIS Grant | 125 | (125 | ) | - |
Scottish Government | 32,950 | (32,950 | ) | - |
SThree | 4,669 | (4,669 | ) | - |
Rathbones | 30,750 | (14,750 | ) | 16,000 |
68,494 | (52,494 | ) | 16,000 |
TOTAL FUNDS | 98,459 | (26,124 | ) | 72,335 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 124,881 | (98,511 | ) | 26,370 |
Restricted funds |
CEIS Grant | 2,022 | (2,147 | ) | (125 | ) |
Scottish Government | 77,000 | (109,950 | ) | (32,950 | ) |
Lanarkshire Enterprise Grant | 5,000 | (5,000 | ) | - |
BASF - Sponsorship | 18,000 | (18,000 | ) | - |
SThree | - | (4,669 | ) | (4,669 | ) |
Rathbones | - | (14,750 | ) | (14,750 | ) |
102,022 | (154,516 | ) | (52,494 | ) |
TOTAL FUNDS | 226,903 | (253,027 | ) | (26,124 | ) |
SThree | Sponsorship of Global Innovation Challenge. |
Rathbones | Sponsorship of Global Innovation Challenge and research study. |
Scottish Government | Funding for Scotland project and Canada Challenge project. |
CEIS | Kickstart placement wage. |
BASF | Sponsorship for running costs. |
Scottish Enterprise | Sponsorship for business development activity. |
Gilead Sciences | Sponsorship of Global Innovation Challenge. |
Howden Group | Sponsorship of Global Innovation Challenge. |
Allen & Overy | Sponsorship of Global Innovation Challenge. |
JP Morgan Chase | Sponsorship of Global Innovation Challenge. |
Amazon | Sponsorship of Global Innovation Challenge. |
Fitch Ratings | Sponsorship of Global Innovation Challenge. |
SOCIAL SHIFTERS |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
15. | RELATED PARTY DISCLOSURES |