OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Registered number: 04453016 Charity number: 1100273

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION (A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 19

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees Prof. Michael Reiss, President
Prof. Philip Clayton
Prof. Celia Deane-Drummond
Dr. Noah Efron
Dr. Russell Re Manning
Prof. Nancy Howell
Prof. Pranab Das (resigned 26 May 2020)
Dr. Ignacio Alberto Silva (appointed 5 August 2020)
Dr. Mehrunisha Suleman (appointed 5 August 2020)
Prof. Ronald Stephen Cole-Turner (appointed 5 August 2020)
Prof. Edward John Larson (appointed 5 August 2020)
Company registered
number
04453016
Charity registered
number
1100273
Registered office
Salisbury House
Station Road
Cambridge
CB1 2LA
Company secretary
Prof Fraser Watts
Chief executive officer
Mr Anthony Nairn
Independent Examiner
M Hewett ACA DChA
Peters Elworthy & Moore
Chartered Accountants
Salisbury House
Station Road
Cambridge
CB1 2LA
Bankers
C Hoare & Co
37 Fleet Street
London
EC4P 4DQ
Solicitors
Dechert LLP
2 Serjeants' Inn
London
EC4Y 1LT

Page 1

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their annual report together with the financial statements of the Charity for the year 1 January 2020 to 31 December 2020. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (second edition of the Charities SORP (FRS102) October 2019, effective 1 January 2019).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

OBJECTIVES AND ACTIVITIES

The International Society for Science & Religion was established in 2002 for the purpose of the promotion of education through the support of inter-disciplinary learning and research in the fields of science and religion conducted where possible in an international and multi-faith context.

ACHIEVEMENTS AND PERFORMANCE

REVIEW OF ACTIVITIES

ISSR concluded its research project on Religion and the Social Brain, funded by the Templeton Religion Trust, at the end of January 2020. A report on the project is available as a blog on the ISSR website, and further details will be added as other publications are accepted for publication.

ISSR continued its role as convener of the annual Boyle Lecture on science and religion, and the second ISSRsponsored lecture was given on Tuesday 18th February 2020 by Professor Christopher Cook of the University of Durham on Mental Health and the Gospel, with a response from Professor Fraser Watts. The lecture and response were published in Zygon.

The ISSR book prize was awarded for the first time in 2020, and prizes were awarded to Silke Gülker, for Transzendenz in der Wissenschaft: Studien in der Stammzellforschung in Deutschland und in den USA; Agustin Fuentes, for Why We Believe: Evolution and the Human Way of Being; and Christopher White, for Other Worlds: Spirituality and the Search for Invisible Dimensions.

ISSR was awarded a grant of £745,755 from the Templeton World Charity Foundation for a project on Understanding Spiritual Intelligence: Psychological, Theological and Computational Approaches, as part of TWCF’s Diverse Intelligences initiative. The project began in October 2020 with a project team including seven ISSR Fellows: Yorrick Wilks, Fraser Watts, Rowan Williams, William Clocksin, Michael Reiss, Harris Wiseman and Mark Vernon.

Following funding enquiries submitted to the John Templeton foundation, ISSR was invited to submit full applications for small grants to support projects on ISSR Latin American Libraries, and Religion, Coping and the Outcome of COVID-19 Infection.

The planned ESSSAT conference in Madrid, April-May 2020, which was to have been a joint conference with ISSR, was postponed because of COVID-19 restrictions.

Page 2

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

REVIEW OF ACTIVITIES (CONT.)

AAR was held online in 2020, and ISSR hosted two sessions:

ISSR has continued to post blogs on science and religion on its website and in 2020 posted:

Nominations for Fellowship of the Society were received, of whom 44 were invited to become Fellows of ISSR

PUBLIC BENEFIT

The Society exists to support the charitable provision of education and research. The activities reported under the heading of "Review of Activities" were all designed to be beneficial both to the academic community and the general public. In the exercise of our powers we have paid due regard to the published guidance from the Charity Commission on the Public Benefit requirement under the Charities Act 2011.

Page 3

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

FINANCIAL REVIEW

RESULTS FOR THE YEAR

This year there was income of £310,938 (2019: £298,547), which consisted of restricted donation income of £NIL (2019: £68,535), unrestricted donation income of £800 (2019: £nil), restricted grant income of £300,627 (2019: £211,991), subscription income of £9,941 (2019: £17,221) and other income of £370 (2019: £nil). Expenditure amounted to £178,203 (2019: £535,564) of which £130,961 (2019: £504,231) was restricted project expenditure, on 2 of the 3 projects in progress during the year. The total expenditure represented direct charitable expenditure of £173,061 with expenditure of £1,724 on support costs and £3,418 on governance costs. There was net income for 2020 of £132,735 (2019: net expenditure £237,017). At the year end closing funds were held for restricted projects of £179,605 (2019: £72,531) and unrestricted activities of £143,353 (2019: £117,692).

RESERVES POLICY

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level at least equivalent to two years worth of unrestricted expenditure, which would equate to approximately £70,000 - £100,000. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves will also allow the Trustees freedom to properly investigate potential new projects, which have to be funded from unrestricted reserves. The Charity had unrestricted funds totaling £143,353 (2019: £117,692) as at the year end of which £25,000 has been designated for a specific purpose leaving free reserves of £118,353, which is above the minimum required level. Given the current pandemic situation the Trustees are happy that a reasonable level of reserves has been maintained throughout the year and the excess provides a cushion against any unexpected reduction in funding.

STRUCTURE, GOVERNANCE AND MANAGEMENT

CONSTITUTION

The company is registered as a charitable company limited by guarantee constituted under a Memorandum of Association dated 31 May 2002 and is a registered charity number 1100273.

The principal objects of the company are the promotion of education through the support of inter-disciplinary earning and research in the fields of science and religion conducted where possible in an international and multifaith context.

METHODS OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING TRUSTEES

Relevant documents are sent to Trustees and correspondence with the Executive Secretary follows, in order to follow up queries in relation to any item.

Page 4

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

FUTURE ACTIVITIES AND GOING CONCERN

The 2021 Boyle Lecture was given online, due to COVID restrictions, on Wednesday 3rd February by Professor Tom McLeish on The Re-Discovery of Contemplation through Science, with a response by Professor Rowan Williams, and a panel discussion chaired by Michael J Reiss.

Plans are in hand for ISSR sessions at the AAR meeting in November 2021.

Further publications will appear arising from the projects on ‘Religion and the Social Brain’ and ‘Understanding Spiritual Intelligence’.

Subject to funding, ISSR hopes to begin research projects on ISSR Latin American Libraries, and Religion, Coping and the Outcome of COVID-19 Infection.

ISSR is preparing funding enquiries to submit to JTF in August 2021, relating to one or more of their strategic priority areas.

A further set of nominations for Fellowship of ISSR has been received and is under review.

With new project funding secured, the Trustees are satisfied that the Charity continues to be a going concern.

Page 5

THE INTERNATIONAL SOCIEfY FOR SCIENCE & RELIGION IA company Ilmitod by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR EMDED 31 DECEMBER 2020 STATEMENT OF TRUSTEES. RESPONSIBIUTIES The Trustses (who are also the directors of the Chanty for the ￿￿oSe$ of company lawl are responsiblo for preparing the Tru$le$s' report and the financial statements in aco)rdan¢e wrth 8pplicable law and United lQ"ngdom ArLo￿ting Standards (Unitod Kin9th)m G•rwalty Acwted AcC￿nting Prathèl. Company law requires the Tnjstees to prepare finanoal $taterrent5 for each financial . Under company law, the Trustees rnust not approve the financial statements Ltnless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of rts incoming resour￿$ and application of resources, in¢luding its in¢om• and expenditure, for that period. In weparing these finonual stster1￿ts, the Trustees are required to.. select surtable accounting poliaes and then appty thom ¢on$i$lenty'. observe the methods and pr¢noples of the chariti.es SORP IFRS 1021., make judgmen15 and accounting estimates thal are rea$onable and pwdenl., state whether appllcable UK Accounting Stsndary15 IFRS 102} have been followed. subject lo any malertal d¥parture$ disdosed and explained in the finarrial statements., prepare the finanaal statemen18 on the going concem ba￿$ unl888 It 1$ inappropdate lo p￿uma that the Charily wlll conllnue in business. The Trustèes aro r&sponsible lor keeping adequate ae¢ounb"ng record5 that are sufficient to show and explain the Chantys transactions and disdose reasonablè a￿lacY 8t any time the finandal p)srtSon of the Charity and enable them lo ensure Ih¥l the ffiAan¢ial statements comply with the Companies Act 2006. They are also responsible for safeguarding Ihe assets ol the Charity and heft￿ for tsking roa$onabl¢ stsps for tho provtrnlion and dele¢t¢on of fraud and other irregularilie8. Approved by order of the members of the board of Truytees and swned on their ljehall by.. Prof. Mlchagl Rg1$$, Prnsldant Trustee 1 September 2021 Page 6

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION (the 'company')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2020.

This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Dated: 14 September 2021 M Hewett Michoe| Hewett ACA DChA

For and on behalf of Peters Elworthy & Moore Chartered Accountants Cambridge

Page 7

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020

Note
INCOME FROM:
Donations and legacies
2
Charitable activities
3
TOTAL INCOME
EXPENDITURE ON:
Charitable activities
4
TOTAL EXPENDITURE
NET (EXPENDITURE)/INCOME
Transfers between funds
9
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS:
Total funds brought forward
Net movement in funds
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
2020
£
-
10,311
10,311
47,242
47,242
(36,931)
62,592
25,661
117,692
25,661
143,353		 Restricted
funds
2020
£
-
300,627
300,627
130,961
130,961
169,666
(62,592)
107,074
72,531
107,074
179,605		 Total
funds
2020
£
-
310,938
310,938
178,203
178,203
132,735
-
132,735
190,223
132,735
322,958		 Total
funds
2019
£
69,335
229,212
298,547
535,564
535,564
(237,017)
-
(237,017)
427,240
(237,017)
190,223

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 19 form part of these financial statements.

Page 8

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION IA ¢ompany limited by guarantee) REGISTERED NUMBER: 04453016 BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 Nots CURRENT ASSETS Debtors Cash at bank and in harwj 1,29S 338,203 274 287,106 339,498 287,380 Creditors.. amounts falliro due within one year 116,S40) 197,157} NET CURRENT AsseTS TOTAL ASSETS LESS CURRENT LIABIUTIES 322,9S8 190,223 322,958 190,223 TOTAL NET A8SET8 322,9S8 190,223 CHARITY FUNDS Re8trictgd funds Unrestricted fvnds 179,60S 143.353 72,531 117,692 TOTAL FUNDS 322.958 190.223 The Charity was enbtled lo exemplion from audrt uTh1er se(aKin 477 of the Companies Act 2008. The mombers have not required the company to obtain an audit for the year in question In a¢Mrdance wlth Section 476 of Companies Act 2006. The Trustees acknowledge their respjnsibilities for complying with the requirements of tho Act with respect to accounb'ng iecords and preparation olfinancial stslement$. The finanaal statements have been prepared in ats>)rdanc vnth the p￿S￿On8 applicable to entitles subjèct to the small companies regime. The financial statements were appn)Nd #nd •Lrthoris¢d for t$8u• by the Trustees and spaned on their behalf by: Prof. Mlchaol Relss Date.. 1 Septembèr 2021 The notes on pages 10 to 19 fomi part of these finanaal statements. Page 9

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements 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) (second edition of the Charities SORP (FRS102) October 2019, effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The International Society for Science & Religion 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.

There were no significant estimates or judgements made by management in preparing these financial statements.

1.2 COMPANY STATUS

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

1.3 GOING CONCERN

The Trustees have reviewed the financial position of the charity, including the potential impact of COVID-19 and have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements continue to be prepared on the going concern basis.

1.4 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 10

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES (CONTINUED)

1.5 INCOME

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a grant is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfillment 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.

Grant income covering multiple periods, which is to be paid on the basis of agreed annual budgets, is not recognised until the appropriate period has arisen because the company is not entitled to the income until that date.

Subscription income is recognised in the period it is received.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

1.6 EXPENDITURE

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.

Governance costs comprise of all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

1.7 FOREIGN CURRENCIES

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.

Transactions in foreign currencies are translated into sterling at the average rate of exchange for the year.

Exchange gains and losses are recognised in the Statement of Financial Activities.

Page 11

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES (CONTINUED)

1.8 DEBTORS

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.9 CASH AT BANK AND IN HAND

Cash at bank and 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.

1.10 LIABILITIES AND PROVISIONS

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

1.11 FINANCIAL INSTRUMENTS

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.12 PENSIONS

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2. INCOME FROM DONATIONS

Unrestricted Restricted Total Total
funds funds funds funds
2020 2020 2020 2019
£ £ £ £
Donations - - - 69,335

In 2019, £68,535 of donation income was restricted and £800 was unrestricted.

Page 12

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

3. INCOME FROM CHARITABLE ACTIVITIES

Grants
Other income
Subscriptions
TOTAL 2020		 Unrestricted
funds
2020
£
-
370
9,941
10,311		 Restricted
funds
2020
£
300,627
-
-
300,627		 Total
funds
2020
£
300,627
370
9,941
310,938		 Total
funds
2019
£
211,991
-
17,221
229,212

All grant income in 2019 was restricted.

All subscription income in 2019 was unrestricted.

4. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Activities
undertaken Support Total Total
directly costs funds funds
2020 2020 2020 2019
£ £ £ £
Charitable activities 173,061 5,142 178,203 535,564

In 2019, £504,231 of expenditure was restricted and the remaining £31,333 was unrestricted.

Page 13

(A company limited by guarantee)

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

4. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

Analysis of direct costs

Religion and the Social Brain website costs
Religion and the Social Brain travelling
Religion and the Social Brain equipment
Religion and the Social Brain project administration and
consultancy
Religion and the Social Brain research costs
Religion and the Social Brain consultancy and personnel
costs
Annual Book Prize Donation equipment and books
Spiritual Intelligence wages and salaries
Spiritual Intelligence consultancy and other personnel costs
Spiritual Intelligence equipment, IT and software
Travelling
Conference costs
Event costs
Website costs
Foreign exchange loss
Project administration and consultancy
Spiritual Intelligence sundry costs
TOTAL 2020
TOTAL 2019		 2020
£
-
1,172
3,434
-
1,328
11,402
506
9,828
93,835
9,406
617
358
476
1,879
1,502
37,268
50
173,061
530,268		 Total
funds
2020
£
-
1,172
3,434
-
1,328
11,402
506
9,828
93,835
9,406
617
358
476
1,879
1,502
37,268
50
173,061
530,268		 Total
funds
2019
£
10,700
43,716
9,427
78,851
12,961
348,576
-
-
-
-
99
14,039
7,179
878
1,916
1,926
-
530,268

Page 14

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

4. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

Analysis of direct costs (continued)

In 2020, £130,961 of direct costs were spent from restricted funds (2019: £504,231).

In 2020, £42,100 of direct costs were spent from unrestricted funds (2019: £26,037).

Analysis of support costs

Independent Examiner's fees (governance)
Office expenses
Bank charges
TOTAL 2020		 Total
funds
2020
£
3,418
-
1,724
5,142		 Total
funds
2019
£
2,460
664
2,172
5,296

In 2020 and 2019, all of the support and governance costs were spent from unrestricted funds.

5. INDEPENDENT EXAMINER'S REMUNERATION

The independent examiner's remuneration amounts to an independent examiner fee of £930 ( 2019 - £900 ) , and accountancy/payroll services of £2,488 (2019 - £1,560).

6. STAFF COSTS, KEY MANAGEMENT PERSONNEL, TRUSTEES' REMUNERATION AND EXPENSES

Wages and salaries
Other pension costs		 2020
£
9,605
223
9,828		 2019
£
-
-
-

The average number of persons employed by the Charity during the year was as follows:

2020 2019
No. No.
Research Associate 1 -

Page 15

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

6. STAFF COSTS, KEY MANAGEMENT PERSONNEL, TRUSTEES' REMUNERATION AND EXPENSES (CONTINUED)

No employee received remuneration amounting to more than £60,000 in either year.

The Charity considers its key management personnel to be the Trustees. The Trustees all give their time and expertise without any form of remuneration or other benefit kind (2019: £NIL).

During the year, no Trustees received any reimbursement of expenses or had any expenses paid directly to a third party on their behalf (2019 - £NIL). During the year, 1 Trustee was reimbursed £587 for expenses incurred in attending conferences (travel costs) on behalf of ISSR in their capacity as an expert, not as a Trustee (2019: 2 Trustees £3,322).

7. DEBTORS

DUE WITHIN ONE YEAR
Trade debtors
Prepayments		 2020
£
1,295
-
1,295		 2019
£
-
274
274

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other creditors
Accruals and deferred income
Resources deferred during the year		 2020
£
779
15,761
16,540
2020
£
500		 2019
£
-
97,157
97,157
2019
£
-

Resources deferred during the year relate to income received in advance for the 2021 Boyle Lecture.

Page 16

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

9. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

UNRESTRICTED FUNDS
DESIGNATED FUNDS
Designated Funds - all funds
GENERAL FUNDS
General Funds - all funds
TOTAL UNRESTRICTED
FUNDS
RESTRICTED FUNDS
Religion and the Social Brain
Book Prize
Spiritual Intelligence
TOTAL OF FUNDS		 Balance at 1
January
2020
£
25,000
92,692
117,692
3,996
68,535
-
72,531
190,223		 Income
£
-
10,311
10,311
75,932
-
224,695
300,627
310,938		 Expenditure
£
-
(47,242)
(47,242)
(17,336)
(506)
(113,119)
(130,961)
(178,203)		 Transfers
in/out
£
-
62,592
62,592
(62,592)
-
-
(62,592)
-		 Balance at
31
December
2020
£
25,000
118,353
143,353
-
68,029
111,576
179,605
322,958

Page 17

(A company limited by guarantee)

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

9. STATEMENT OF FUNDS (CONTINUED)

STATEMENT OF FUNDS - PRIOR YEAR

UNRESTRICTED FUNDS
DESIGNATED FUNDS
Project Fund
GENERAL FUNDS
General Funds - all funds
TOTAL UNRESTRICTED FUNDS
RESTRICTED FUNDS
Religion and the Social Brain
Book Prize
TOTAL OF FUNDS		 Balance at
1 January
2019
£
25,000
106,004
131,004
296,236
-
296,236
427,240		 Income
£
-
18,021
18,021
211,991
68,535
280,526
298,547		 Expenditure
£
-
(31,333)
(31,333)
(504,231)
-
(504,231)
(535,564)		 Balance at
31
December
2019
£
25,000
92,692
117,692
3,996
68,535
72,531
190,223

The Templeton Religion Trust awarded a grant to the charity for a project entitled "Religion and the Social Brain" which aims to further develop understanding of the evolution of religion. The project activities include a book, journal articles, conference papers and a symposium. On cessation of the "Religion and the Social Brain" project in January 2020 a transfer was made to unrestricted funds in respect of allowable overhead costs incurred during the lifetime of the project.

The Templeton World Charity Foundation awarded a grant to the charity for a project entitled "Understanding Spiritual Intelligence: Psychological, Theological and Computational Approaches" which aims to use Artificial Intelligence to advance the scientific understanding of spiritual intelligence. The project activities include books, journal articles, a computer program, hosting of workshops and a conference.

In 2019, The Templeton World Charity Foundation made a donation to the charity to allow it to fund an annual book prize for the best publications in the field of science and religion.

The Project Fund is a designated fund set up by the Trustees to fund research on new projects.

Page 18

THE INTERNATIONAL SOCIETY FOR SCIENCE & RELIGION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

10. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted Restricted Total
funds funds funds
2020 2020 2020
£ £ £
Current assets 159,893 179,605 339,498
Creditors due within one year (16,540) - (16,540)
TOTAL 143,353 179,605 322,958
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted Restricted Total
funds funds funds
2019 2019 2019
£ £ £
Current assets 214,849 72,531 287,380
Creditors due within one year (97,157) - (97,157)
TOTAL 117,692 72,531 190,223

11. PENSION COMMITMENTS

The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £223 (2019: £NIL). Contributions totalling £174 (2019: £NIL) were payable to the fund at the balance sheet date and are included in creditors.

12. RELATED PARTY TRANSACTIONS

During the year there were no related party transactions (2019 - NIL) other than the transactions disclosed in note 6.

Page 19