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 asS￿lation.
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
En￿r5
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, inc0￿rated 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 COM￿y￿rth the C￿rth&S Act2011, tho Companios Ad 2CC6. and Artic￿$ ofAssociation, a￿j
AcCount￿g Reporting bychanlies. Statementol Rec¢mmended Praclitt applicable to charibes preparing their accounts accoidance
the FinarKial Reporting Standard FRS 102 Charrt￿3 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 Sc￿nbrICA0Urn3l and ty the
PTomouon, support and disselninalion ol research. Thejtsurnal aitsacts papers from all of the Countr￿8 Currendy U￿ertakIng Antarctic rg6&arch.11
p￿Nishe5 ￿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 pu￿1(all9n model ID 2025 leffective papgrs suLKnitted after I.10.2￿4). The Iiuslee5 conlinueto
wotk vthh the wblisher ICambTl￿e 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 $4 papers Ic.f. 38 In 20241 auoss a raroe of scienlifK and sochil
scie￿e 415¢1k￿lTres.
In the 2025 rouDd of Mrsary awJrds. 7 newawards were made from 20 submissions. b a total of £36.587.This ￿ar the aV￿rdS went lo AuStialie.
Argentina. Canadè. New ZÈal2nd. S Afiica, UK and USA. The chantycDnbnue5 to 5UPPOrt tho Int6rnatiorpl Association of Polar EarlyCareeF
Sci&ntists IAPECSI a giant of £6,(W. The mertonng scherne f¢T ¢an4idatesfrom norFEnglish sFeakiry counlrres. and a ￿*bInal run by
APECS. has ￿￿hnUe4 Mrylh the aim of maintaining the numberol ￿[SaryaPplICatIOnS received 2nd incrè2Singthé dwèisityof applI￿nts.
Kale Herdry etsntinuèd ￿$￿alrOf Ihts Board of Ttust99$ ￿￿1￿111 stsTrddoYffl from this 2026.
The Board mgt Ihreetimes In 2￿2$ The Eoaid conlinuesto hold ￿¢saIYa￿2rds meetiry In-person Iwrthan option to 8tsndvirtualty if
requiiedl 2nd Co￿￿et3 all othèr mèètif￿S 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 ￿l￿three montts.
Financial Review
The new publishing environment lo￿nACrO￿lI 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$. The 8oaFd and Edilor-in£hief, Workl￿WIth our pu￿lSher. wll
conlinw lo SeekWa￿ lo promote I￿￿1¢urnal Iso as to incièase ineomel thIoughsDci81 media 8ebVity, womotions at sci8titif￿ conferenres
broadèniry thè xopè ol artic10$
Independent Examiners
On 1 Sèptemb8r 2025 Our ind8*nd9nl 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 BeTh￿QY
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 may2￿26)
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 Kin￿OM Generalty Accèpted A¢¢ountirKJ Practice Iunitgd ￿ngdoM Accountiro sta￿ards and
applicatrAe law} Under company law directors must not appmv@ thè financial state￿￿t& 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 com￿nY for that period. In préparing these fina￿la1 statements, th@
djrèctors are reqL¥red to-.
-select suptable accounbng POI￿leS apply them ￿nSist￿n11Y.'
-mak#iudgements and estimalgs Ihatar8 rè350nable and pwdeal".
-preparethe finar￿1#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 ena￿e 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 reaSona￿e steps for the
prev&nt￿￿3nd detection of fra14d aTJd other irregularthe5.
Srnall company exernptions
Thi% rewrt is wepared inawdance YAlh the wovision$ sp￿lea￿de 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 responsi￿￿e foi thè PièKh4ration ol
account5 in accordance wlh the requirements of the COM￿ni￿5 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 follo￿Ed the CireGtions given bylhe Ch31itycomm15s￿n 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 Myattent￿n in cOnr￿C￿0nwth 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 notcoM￿Y wlh the accounting rèu￿￿•Ments ol secbon 396 tsf the 20C6Act Olhorth¥n ¥ry requirgmgnl Ihatthe acco￿1&
give a'trUÈ f2if whi¢h IS not a msttpr ¢onsider9d as partof aD Independent examinat￿n. or
4 accounts have not ken wepared In 3tt4rtL4nce wrth the rnethods 8nd pFin￿1P19s of the Slat9tngntof Re¢omrnended Practice lor
acDJunting and rpFQrting bychatitigs [ap￿1¢¥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 eXam1r￿￿onIts 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 Ac￿VItoeS 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
Tangl￿e 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
9￿2
315,607
Funds
RÈstriCtEd
Unrestricted
10
9,Y2
314,207
9,$12
315,607

Antarctic Sclence
Year ended 31 Decembe¥ 2025
Balance Sheet lc0nt5nu￿l
For finsncial ye2r ended 31 tbGpmbtrr 2025 the companywas entstled to èxemption frotn audit under sect￿￿ 477 of th¥ Comp2rdes Act 2￿6
r&￿11￿ to srnall COM￿nIes
The directois acknowlè￿4 their reswnsibi1th95 for compl5Nng the requiremènts of the C¢mpaiies Art 2￿8 respect to ¥rwunliw itrcords
aDd th@ pre￿￿tiOn 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 applica￿￿10 ¢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(￿.
Theflna￿lal 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
èXpeCtatsonthatt￿cornPa￿y 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 Wblicat￿n of thg ￿￿rTraI Antarctic Science and is included In the
period lo Iheiournal rèlatès. Turnov￿ 15 thg dervied from the provisionof good￿se￿i￿5. and statEd aftertrad8
other sales taxes not ol VAT.
Oonations
Donat￿r& are recognised atthe wint inwhich Ihgyarg re¢ewed bylhe charrta￿e company Restyiclèd funth aro $￿￿.9￿110 sppo1￿ condi￿nS
by dowr5 a5 tg howlhgy may be used The purroses and uses of the rÈStflCt*d funds 5gtgUt in Ihg notes lo IhefinarKial stslements.
Interest receivable
Intero5t Is jnclud9dNthen [eCer¢ab￿ bYthecharrta￿e company
Ex￿ndit￿re
Expe￿ilUre Is reco9nksed on Èn acctua15 basis as a liabilty 15 inGUtred Expenditure IrKlude3 VAT. Is nDI iecov8ied. and is iewrted as
rtol thE &XPgDdilure tovthich it relates.
charitab￿ e*pendthie tomNi5os ￿se costs incurred ty ihe ch2ritable compwny in IhÈ dèlivèry of act￿￿￿5 and somces for Ils
benelicmr￿s
Governan￿ costs lncl￿￿ tMsÈ costs z&swiplgd Mryth meeting the con51ilutional and statsrtory requirèmènts of th8 chlri1ab￿ CoM￿nY and
IrLlud& aCCOuntsncyfges and cost$ linked to Ihe managernenl of the charity.
Thè chaIrta￿e tompany mako5 grants attho discretion of the trustees. Thegranls Are chargÈd lo thv Sblement of F￿anCial A(*Mlies in ltr
y9arthatlheyare avfaided.
Tangiblefixed a¥sel$ and depreciation
D9we¢ia1￿n 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. T￿rr￿ve[ 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 bUrsar￿are 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 su￿1$1&nCe.
Therewas a￿ex￿￿39 incurred In Iheyearol £271 12024- £1801 torlhe Trusle&s Fneobny.
TherewasaTrexp¥nse 01£45 iTrthe year12024-£n￿l lor a one off smallgrftprovided to a ￿ard member.
Incl￿edwI1hlll Thark•t￿9 Costs Is£2,((N)12024- V,Sh)) of leim￿ed e¥pensoSto A trustee in relation lotravèl to a confererKeforiournal piomolion.
S Taxation
Th8 thaiitatrAe company has no l*biltylo GorwiatioD tax f¢ithe ￿£r eTh*ed 31 DeGember2025 due ID its chartta￿e status.

Antarctlc Sclence
Year ended 31 December 2025
Notes to the )Inanclal statements
6 Tangible fixed assets
Fixtures, firtings
equipmeDI
Cost
At 1 J#Thu2ry2￿5
Addthons
Diswsals
At31 ￿(9￿￿9r 2025
1.170
11.170)
Depreciation
At 1 January 2￿5
Charge forlhe year
On diSptssals
Al 31 OeGgmbor 2￿$
1.170
Netbook value5
Al 31 Dècember 2025
Al 31 Do¢em￿r 2￿4
7 Malkel inveslmenls
Costor valuation
At 1 Jan￿ry 2025
Adthlions
In¢otne retaingd in account
Revaluation
DLspoSa15
Al 31 De￿rn￿er 2025
107,462
1,408
ICty,870
ca￿ying amount
At 31 2025
10B,870
107.462
At 31 DècÈm*r 2024
8 Debtor$
2025
2024
Trade debtors
Pret￿YM@[￿ 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 histor￿al brO￿hIf0Twar￿ 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[G￿5 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
Meeti￿S
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