Registered Number 03927089 ANTARCTIC SCIENCE la company limited by guarantee) CHARITY NO 1090581 Directors, Report and Unaudited Financial Statements for the year ended 31 December 2025
Antarctic Science Year ended 31 December 2025 Company Information Status Anlarclic Stience 1$ 8 company litniled by guarantee and a registered charity governed by Its tnemoraThJurn and articles of asSlation. Charity Number. 1c130581 ctors DrKRLash Prof M J BentlÈy DrJADunn Mr M PinrK)ck Prt)f D PearGe Dr M Taylot Dr A D Jungblul Prof P Convey Dr A Raya Rey Dr 8 Davies Dr L Grangè Or O Small IRÈsigned 14 July 2025) IRes1gfEd 13 Avril 20281 (Resignèd 13 April 20261 IResigrEd 27 May 20261 (Appointed 12 May 20251 Company Number 27089 Registered offbce Botanic House 98-1CM) Hills Road Cambridge CambridyeshirÈ CB21PH Independent examiner James Francis FCA Enr5 Incubator 2 The Boulevard Enterprise Campus Hunlingdon Alconbury PE28 4K4 Soll¢ltor5 Mills & Reeve Botanic Housè 1CQ Hills Rowj Cafflbridge CB2 1PH
Antarctic Science Year ended 31 December 2025 Contents tjreclors, report Independent ex8miner's rewrt Statement of finartial activities Balance sheet Notes lo th8 financial statements The followlng page dces not form part of the statutory accounts Detailed income and expenditure account 10
Antarc¢ Science Year ended 31 Decernber 2025 Dlrectors, Report The diiF¢lofS wesent IheiT report the financial statements lor the aT ended 31 tkcember 3125. structure and governance Thé organi5ation is a chaiitaW9 company lirniled by guarantee, inc0rated on 16 FebrUarY2L and registered as a ch2rty on 13 February 2(m. The cornpany was estat4ished under a Memorardum ol Association which Èst8blishÈd the obièets Ènd wwÈrS tho ¢hartsble Gompyny arQ 18 Qovemed under rts Arti¢l85 of Association. The financi81 ststements COMyrth the Crth&S Act2011, tho Companios Ad 2CC6. and Artic$ ofAssociation, aj AcCountg Reporting bychanlies. Statementol Rec¢mmended Praclitt applicable to charibes preparing their accounts accoidance the FinarKial Reporting Standard FRS 102 Charrt3 SORP leflective JÈnuary20151 Objeclives and activities In the aGtriities lor the yearthe direcbrs trove had regard Iothe Charity Commissroneis guid2nce on pubhc bèn&fit wurèmènts. The obj9¢1 of Ihgcharity rs lo edwale the public abo the Antarctic and its enviionment bylhe put4K3bonof a ScnbrICA0Urn3l and ty the PTomouon, support and disselninalion ol research. Thejtsurnal aitsacts papers from all of the Countr8 Currendy UertakIng Antarctic rg6&arch.11 pNishe5 th review and data pap8rs aswpll as èditorial ¢omment and Tev1&E of newpubliGations. Profitfrom thejournal used lo supwrt earfy career scientists Working iTrlhe pvlar xienGes. by r$aryaWardS and grants Thèjouinal mov8dto a fully Open Access pu1(all9n model ID 2025 leffective papgrs suLKnitted after I.10.24). The Iiuslee5 conlinueto wotk vthh the wblisher ICambTle Uniyersrty Piess, CUPI to maximL4è tsur Incorne AthievetHents and perforrnance The Gharity has continued to publish Ihejouinal knlh articlÈs pjstèd on-hnè as soon as thèy È18 rèady Snd gathèrs IFPM Itrto IssuFsevgrytrNo month5 2024 Impact l¥Gtor Improvgd to 2 (cf 2D23, 1.8) We wbh5hed $4 papers Ic.f. 38 In 20241 auoss a raroe of scienlifK and sochil sciee 415¢1klTres. In the 2025 rouDd of Mrsary awJrds. 7 newawards were made from 20 submissions. b a total of £36.587.This ar the aVrdS went lo AuStialie. Argentina. Canadè. New ZÈal2nd. S Afiica, UK and USA. The chantycDnbnue5 to 5UPPOrt tho Int6rnatiorpl Association of Polar EarlyCareeF Sci&ntists IAPECSI a giant of £6,(W. The mertonng scherne f¢T ¢an4idatesfrom norFEnglish sFeakiry counlrres. and a bInal run by APECS. has hnUe4 Mrylh the aim of maintaining the numberol [SaryaPplICatIOnS received 2nd incrè2Singthé dwèisityof applInts. Kale Herdry etsntinuèd $alrOf Ihts Board of Ttust99$ 1111 stsTrddoYffl from this 2026. The Board mgt Ihreetimes In 22$ The Eoaid conlinuesto hold ¢saIYa2rds meetiry In-person Iwrthan option to 8tsndvirtualty if requiiedl 2nd Coet3 all othèr mèètifS lusuallytrwol vlrtually Tim9 grtFn3iotts. incurring fjo gXtr4 ¢9515. havg bggn agre&dforseveral [Sary awards. Reserves Policy Thè chatity seek5 to produCF 5t financial 18tytnwithinan 4CCOPtaYe18vel of ri¥k and meeting glhical CQDsidprations. Thotrwtge¥ wishto keep al least 10% 01 the assets that can be realised lthree montts. Financial Review The new publishing environment lonACrOlI led to a rgdyGtion in income overiecer&ygars Ixrtlhis now stahlised the Board has planned forthis in¢ome kvel. Publishing cos15 have risen olorde¥ 5% per anmm. C¢nsequenllyoutgoiws have exceeded Inwme In the last lew years. This has been made sustainabk by reducing the cash held current account, and th2 Board appioved option to rgduce re5ervgs rf required Atso this r5 Iwrs¥iyaYroT¢tswere Ilotal costl than wevious al$. The 8oaFd and Edilor-in£hief, WorklWIth our pulSher. wll conlinw lo SeekWa lo promote I1¢urnal Iso as to incièase ineomel thIoughsDci81 media 8ebVity, womotions at sci8titif conferenres broadèniry thè xopè ol artic10$ Independent Examiners On 1 Sèptemb8r 2025 Our ind8nd9nl g*pmin8ts. Ensor6 A¢¢ourrtarts LLP, rn8rged AzelsAudrtSeTvrces Lirniled. Accordingly Err6ors Accountsnts LLP formally resigned as ihe cornpanls Independentexaminerswrththe diieclDr5 duty appointing thtsAudil SeNces Limrtèd. The indÈpendentexatnin$r8. k8tsAudrt SeN¢es Litnil8d, tra(lry a5 EwJrswiII bg proposgd for Iwappoinlment in accoFdarKe 1th 5e¢tion455of the Companie5 Act2006 Directors The directors vtho served duriw rhe sear are stated below.. DrKRLash Prol M J BeThQY DrJADunn Mr M Pinnock Piol D Péarcè Or M Taylor DrA D Junyblut Prol P Convey DrA Raya Rey DT B Davies Or L Giawe Di D Small (Resigned 14 20251 IPesign8d 13 April 20 IResigned 13 April 20261 IResigned 27 may226) IApp)Inled 12 May 202•
Antarctlc Sclence Year ended 31 December 2025 Dliectors, Re5wnslblllUes diro¢tots ar¢ rÈsponsiblefor preparing Directors. Report andthg Iin?nCi8l ststemen15 In acMrdan¢¢ £WiCab &wand r8gulations Company law requires the dilgrtorsto wepaye finarKial stalerneDts fore8ch IinaFKial yeai. Und9T that lawthe directors hav9 obcted to prap2rÈ the flnancial stalemgnts in accordance wrth United KinOM Generalty Accèpted A¢¢ountirKJ Practice Iunitgd ngdoM Accountiro staards and applicatrAe law} Under company law directors must not appmv@ thè financial statet& unless trÈy afe satisfied that Ihey give a tTue and lair ol the stalc of 8fl8ifS of the Company and of the wolrt or loss ol comnY for that period. In préparing these finala1 statements, th@ djrèctors are reqL¥red to-. -select suptable accounbng POIleS apply them nSistn11Y.' -mak#iudgements and estimalgs Ihatar8 rè350nable and pwdeal". -preparethe finar1#1 sratéments on the going w[&[ basis unkss it irAppropri¥t* to presume that the companywill continue in bu51rE5S. Thè directors are rgspDnsib10 foi k•eyng adequate a¢coynbfvJ iecords ihal are sufficigtrt tts show and explain ¢omp8nls transact and disclosg with reasonatrAe accuracy ataDytimÈ the financial posffuoD of th@ company and enae thom to ettsure that the finawial statements comply Vvith the Companies Art 2W6. They are also responsikle foi safegu21ding the ass8t5 of company and hence for taking reaSonae steps for the prev&nt3nd detection of fra14d aTJd other irregularthe5. Srnall company exernptions Thi% rewrt is wepared inawdance YAlh the wovision$ spleade to cornpanies ontivgdto the small companies Fx•mpbOn. Signed on behalf of thedirecltrrs Mrm Innock Director Date.. 28 July 2026
Antsrctic Sclen¢e Year ended 31 December 2025 Independent examiner's report to the Truslees of Antarcttc SclenGe I reptrrtto th8 chaftytrLthFs on TnYgxamitMt of the accounts olthe Companyforlhe yearended 31 t)ecember 2025 wl¥ch are set out on page5 4 10 10 Re¥ponsibilities and basis of report Astho ch[Fit& Iru*ees of Ihg Company land aho rts directQT5 lor ihe purposes of company Lawl you 2re responsie foi thè PièKh4ration ol account5 in accordance wlh the requirements of the COMni5 Act2rM161"th2 2m8Ad). Haviry salisfi8d msEeK Ih¥l the accounts olthe Company are not required lo be audited under Part 16¢f the 2W6 Act and ar8 01igibl&for Independentexamination. I rewitin respectof my examinat Of youi chartys pwounts as catried undgr seGtion 145 ol the Charities Act2011 I'lhe 2011 Act). In catrwry out Tny£xarnin¥tion I have folloEd the CireGtions given bylhe Ch31itycomm15sn unthr section 145151 Ibl ofthe 2011 Act. Independent examiner's statement I h8vE Compl¢ted my trxtminalivn I confitrn that w material mattels have come to Myattentn in cOnrC0nwth the examinalitsn yi¥ing mè eaus to telieve". 1. accounting records were Ml kept in respect olthe ComF4nyas requirèd by sèdlon 386 01 thè 2rMi Act, 01 2 thè sccounls dts notaccoid with th058 rgcord5, or 3. the accounts do notcoMY wlh the accounting rèu•Ments ol secbon 396 tsf the 20C6Act Olhorth¥n ¥ry requirgmgnl Ihatthe acco1& give a'trUÈ f2if whi¢h IS not a msttpr ¢onsider9d as partof aD Independent examinatn. or 4 accounts have not ken wepared In 3tt4rtL4nce wrth the rnethods 8nd pFin1P19s of the Slat9tngntof Re¢omrnended Practice lor acDJunting and rpFQrting bychatitigs [ap1¢¥ble to chatrties epari their accoun15 ln accordance with the Fin2K131 Reportiny stsndard applKable In the UKand Republic of Ireknd l FRS 10211- I have no con¢eTns and have ¢ome across M other matteTS In connecboTrwilhlhe eXam1ronIts whith attentitsn shDuld b8 thzwn in this roport in order lo enaNe a woper undèrstandiw Of atttunts lo reached Jame5 Francis FCA Efisors Cbarlered Accountants Incubator 2 The Boulèvard Enterprise Campus Huntingdon Alconbury PE28 4XA Date". 28 July 2026
Antarctlc Sclen¢e Year ended 31 December 2025 Statement of Financlal AcVItoeS Ilncluding Income & Expendlture Accounti for the year ended 31 December 2025 Unre5tri¢ted Funds Re5tritted Funds T•tsl Fund5 2Q24 Funds 2023 N¢te Income Incornefrom scl•nlffiC Joumal other irKDme 8ank intor8st Donations Tot income .4 55.496 81.113 7.2 7.290 6,6 62,788 67.768 Expenditure Managiny Èditor Ch2Frtable act[v$ Oiher Costs rotal expenditure 17, 36.W1 14,J 17,563 38.391 14304 70,258 20,873 57,025 10.517 88,415 1.4fA) 1.4(X) Nei income for the year 16,or21 11,4CO) 17,4n) 120.64D Gainor bs5 on inveslmentfund 1,407 1,407 2,162 Reconciliation of funds Totsl funds broughtforward 314,207 1.4CO 315,607 334,C02 Totsl funds carried forward 3(&.$42 ,Y2 315607
Antarctic Science Year ended 31 December 2025 Balance Sheet Notes 2025 2024 Fixed assets Tangle assÈts Investments 108,870 107.4 CurrÈnt asse¢$ Oebtors Cash al bank in 19.624 197.331 216,955 19.219 208.242 227.461 CTed5tor¥.' Ounts f*lill9 due b%ithin one year 16,2&3 19,316 Net current assets 208.145 Total a$$et5 le5$ Cutrenl liabilities 92 315,607 Funds RÈstriCtEd Unrestricted 10 9,Y2 314,207 9,$12 315,607
Antarctic Sclence Year ended 31 Decembe¥ 2025 Balance Sheet lc0nt5nul For finsncial ye2r ended 31 tbGpmbtrr 2025 the companywas entstled to èxemption frotn audit under sect 477 of th¥ Comp2rdes Act 26 r&11 to srnall COMnIes The directois acknowlè4 their reswnsibi1th95 for compl5Nng the requiremènts of the C¢mpaiies Art 28 respect to ¥rwunliw itrcords aDd th@ pretiOn of firAnri¥l statsmènts. The members have not TgquiiÉd the ctrmpanylooklain an 8uditof its firAncHI ststernentsforlheyear inquestion h 2ccordarKe Mlh sectson 476. The6Ffin8ntiel slalements have b¥en prepared In accordarw ryth thè pro$1)n5 applica10 ¢omp2nks subject loth8 small companies regime. Th&finanual stslementswgre aKVOvèd bythe boarLI of dir&#oB and aulmrised foi issue on 28 Juty 2026ar are signèd on its behalf ty". Mr M Pinnod( Director Oate.. 28 July 2026 Company Registration No. 039270
Antarctlc Sclence Year ended 31 December 2025 Notes to the flnanclal ststements 1 Accounlng policie$ Company Information AntsrCt Science Limited 15 a cornpany Iirnrted by gu8fdntee incorporated In Eryland Wales. regi5trab¢n number 03927(B9. Thè registered office is Botan House. 9&1(M) Hi115 Rgad, Cambridge. CarnMdgeshire. CB2 1PH. Accounting convention The58 finan¢ial ststsments are prepared in accorttartt Vvith FRS 1('Th¥ Fir0[1?1 Reporting StaThYard applicable in the UK and Rewblic or I'FRS 102 Chaiitiès SORV) and In accoTdan(e the Companie5 Act 20(. Theflnalal statements ale ptepaied In stèll1, whKh 1$ the [renCY01th9 compary Monetaryamounts in these financial stalemenLS Èrè rounded 19 th9 ng&rgs1 £. Going Concern The finarKial slalements have ken prÈPÈied on a going concern basis as, after makin9 appropriate en4uifiÈS, thè di18ttOr5 hovg r98sonable èXpeCtatsonthattcornPay has adequate resources lo continue Inopeiatiotsal eNiStent8 forlhF lor9s9eable future at the time of approvir linan¢ial statements Inttsme All inctsm1 reSourc05 arg included in the staternent of lironci21 aclNilpes when thè charity 1$ errtthecl lo the Income Ihe amount can be quantrfied reasonaLge accuracy The followmg polityes ure applied lo parbcular categ¢rie5 01 income. Scientific journ£l incomè Irwme 13 defived from a strAre of the from thÈ Wblicatn of thg rTraI Antarctic Science and is included In the period lo Iheiournal rèlatès. Turnov 15 thg dervied from the provisionof goodsei5. and statEd aftertrad8 other sales taxes not ol VAT. Oonations Donatr& are recognised atthe wint inwhich Ihgyarg re¢ewed bylhe charrtae company Restyiclèd funth aro $.9110 sppo1 condinS by dowr5 a5 tg howlhgy may be used The purroses and uses of the rÈStflCtd funds 5gtgUt in Ihg notes lo IhefinarKial stslements. Interest receivable Intero5t Is jnclud9dNthen [eCer¢ab bYthecharrtae company Exnditre ExpeilUre Is reco9nksed on Èn acctua15 basis as a liabilty 15 inGUtred Expenditure IrKlude3 VAT. Is nDI iecov8ied. and is iewrted as rtol thE &XPgDdilure tovthich it relates. charitab ependthie tomNi5os se costs incurred ty ihe ch2ritable compwny in IhÈ dèlivèry of act5 and somces for Ils benelicmrs Governan costs lncl tMsÈ costs z&swiplgd Mryth meeting the con51ilutional and statsrtory requirèmènts of th8 chlri1ab CoMnY and IrLlud& aCCOuntsncyfges and cost$ linked to Ihe managernenl of the charity. Thè chaIrtae tompany mako5 grants attho discretion of the trustees. Thegranls Are chargÈd lo thv Sblement of FanCial A(*Mlies in ltr y9arthatlheyare avfaided. Tangiblefixed a¥sel$ and depreciation D9we¢ia1n is piovided al rates Galculaled Itswrite off Ihèeost s£ residual valu8 of each asset wer 115 expected [è. 25folbws' ComFKrtér8quipmFnl- Hardware Comwtrerequipmenl- Sofhvare 33% straight linè 1CI)% 2 Income The lurmver net incoming iesources for the ar are aknbutawe to th8 prirKipal aGtivtyof the charrtaUe companywhich ts t wbli¢aknon of 3 scienbFIcjoutnal. Trrve[ is r&Eognised on an accruals bags.
Antarctic Science Year ended 31 December 2025 Notes to the Ilnancial statements 3 Total exwdsture 2024 Joumal Costs Managing editor 17,5 20.873 Charitable actiwties Pawnenl of [S8&S 38.391 57.025 38,7 S7.025 The bUrsarare Koid to youw Antaictic S¢b5tS to enatrAe them lo pwsue r$$4arth project5 Othercosls Meetings AccoLmlafjcy Legal and profewotol Wets11e costs 442 2,616 2,4 6,186 4,920 Bank Charges Sundry Printing and staknon8ry Oonatitsr Bad debts 105 941 14,304 10,517 Total expenditur 70,258 88,415 4 Tru5tses etnoluments Trustees receivod Do remuneration 12024-£nill bLrt W81è reimbursed expens8s of £171 12024- £7041 foF Irav913nd su1$1&nCe. Therewas aex39 incurred In Iheyearol £271 12024- £1801 torlhe Trusle&s Fneobny. TherewasaTrexp¥nse 01£45 iTrthe year12024-£nl lor a one off smallgrftprovided to a ard member. IncledwI1hlll Thark•t9 Costs Is£2,((N)12024- V,Sh)) of leimed e¥pensoSto A trustee in relation lotravèl to a confererKeforiournal piomolion. S Taxation Th8 thaiitatrAe company has no lbiltylo GorwiatioD tax f¢ithe £r eThed 31 DeGember2025 due ID its charttae status.
Antarctlc Sclence Year ended 31 December 2025 Notes to the )Inanclal statements 6 Tangible fixed assets Fixtures, firtings equipmeDI Cost At 1 J#Thu2ry25 Addthons Diswsals At31 (99r 2025 1.170 11.170) Depreciation At 1 January 25 Charge forlhe year On diSptssals Al 31 OeGgmbor 2$ 1.170 Netbook value5 Al 31 Dècember 2025 Al 31 Do¢emr 24 7 Malkel inveslmenls Costor valuation At 1 Janry 2025 Adthlions In¢otne retaingd in account Revaluation DLspoSa15 Al 31 Derner 2025 107,462 1,408 ICty,870 caying amount At 31 2025 10B,870 107.462 At 31 DècÈm*r 2024 8 Debtor$ 2025 2024 Trade debtors PretYM@[ and accrued incomg 19.624 19,219 19.&4 19.219 9 Creditors.. arnounls falling due %Mlhin one year 2025 2024 Accruals & deferred irbGome 16.283 19.316 18.283 19.316 10 Restricted lund$ Tho historal brOhIf0Twar reslrictsd fund ol £1.4WsYas used iTrthe yearto fund bursarks as pel the terrns. 11 Contrtsl The corn Is limited by guÈrartlee and has no share egpitsl Underthe teims of thé ntÉmoiandum arQ art[G5 each mFmb9r is liab19 lo ¢onthbute a sum notex¢eedNg £1 in the eveTrl of the company beiw up.
Antarctjc Scien¢e Year ended 31 December 2025 Detslled Income and expendlture account 2025 Totsl 2024 Total Income 55.496 anaglng editor Wetsrte cosls MeetiS Accguntsncy Bank char9es Lègal and prof)rAI 17. 6.1e6 442 2.616 20.873 4.920 2.4 38.391 57.025 Subsciiptions Suthdry Pt1nbng StalKTrnory DorFationS Bad debt¥ 105 10 70.258 Operating surplus IdÈfiCItI 14.762 27 302 Interest receivable Bank deposit Interest Gain Dr loss OD investment fu 6,655 2,1 1.407 Nel sutplus Ideficitl for the year 6$ 10