The Assoclatlon for klence and Dlscovery Centres Report and Unaudlted Flnantial Statements Year Ended 31 March 2022 Association for Science and Discovery Centres
THE ASSOCIATION FOR saENCE AND DISCOVERY CENTRES Annual report and flnandal statements forthe year ended 31 Marth 2022 Contents Pa Report of the Trustees Report of the independent examiner io Statement of financial aCtltIeS li Balance sheet 12 Statement of cash flows 13 Notes fomiing part of the financial statements 14-20
THE AS%XIATION FOR saENCE AND DISCOVERY CENTrES Report of the Trustees tor the year ended 31 Marth 2022 The Trustees present their report and financial Statements for the year ended 31 Marth 2022. These have been subject to independent examination. Charlty name: The Association for SCnce and Discovery Centres Charlty reglstratlon number. 1129312 Company reilstratlon number: 6798106 IEngland and Wales) RegIered Offlte and operatlonal address: Sutte 101 QC30 30 Queen Charlotte Street Bristol BS14HJ 8ankers: Ctroperative Bank PO Box 250. Skelmersdale Lancashire WN8 6wr Barclays Bank Bristol Queens Square RMS 2 LeKester LE87 2BB Accountant: Blenheim, Chartered Accountants Elm House, 10 Fountain Court New Leaze, Bradley Stoke Brlrtol 8S32 4LA Trustees and Dlrectors Stephen Breslin Ichairl Scot Owen (Treasurer) Charles Bishop Dr Jennbfer Chambers Dr Hermione Cockburn Llnda Conlon Bryan Davies Victoria Denoon Tudor Gwynn Bridget Holligan Joanne Quinton-Tullock Ali50n Robinson Bryan Snelling Donna Speed-Grenfell Glas8ow kience Centre Xplorel Science Discovery Centre National Space Centre STFC lappolnted I September 20211 Dynamic Earth Centre For Life Catalyst Science Discovery Centre W5 lappointed l September 2021} Eurekal Science Oxford National Science & Media Museum NERC IResigned I September 20211 Aberdeen Science Centre (Appointed I September 20211 We The Curious Secretary Dr Penny Fidler Iresigned 21 April 20211 Dr Hemiione Cockburn (appointed 21 April 20211 Exe¢utl¥e Team Dr Penny Fldler, CEO Ireslgned 24 April 2021) Shaaron Leverment, Actin8 CEO Ifrom 26 April 20211. CEO (from l April 20221
THE ASSOCIATION FOA saENCE AND DISCOVERY CENTrES Report of the Trustees for the year ended 31 Marth 2022 {contlnuedl Strurture, Govemance and Management Governlng document The Association for Science and Discovery Centres IASDCI is a charitable Company limited bv guarantee, incorporated and re£i5tered as a charity on 21 January 2CQ9. tt Is 8overned by its Memorandum and Articles of Association. Appointment of Trustees Under the requirements of ASDCS Memorandum and Articles of AsSOCiath)n there shall be no fewer than eight and not more than 51xteen Trustees in office. One third of the Trustees retlre from offlce each year, bein8 those who have been lon8est In office sinte their appointment. A retirin8 Trustee is el$8ible for re0CtiOn. Induction of Trustees Trustees are invited to meet the executive team and familiarise themsefves wlth the aims of the or8anisation. They are 8Nen an indurtmin pack which include5 the Memorandum and Articles of Association Iwhlch includes the objerts of the Charity). Charities Commi55itin guidelines on becomin8 a Trustee- and forns for slgnature. Monogement The board of trustees delegate day to day decisions to the senlor management team who report back to the board when the board meets on a quarterfy basls. The board of trustees are responslble for setting the pay for the Chief Executive takin8 into account the responslbilities of the role. Objectlves and Artlvltles Qbjertives of the oroonisotlon The Association for Science and Dlscovery Centres IASDCI exists to serve and support the ASDC membership by f05terin8 learnln& innov**)n and shared prdctke wlthln the field of science. te¢hnology. engineerin8 and mathematics educatlon and en8a8ement for the publlc benefit. The trustees have had re8ard to Charity Commlsslon 8uidance on public benefit and report on these artivltles below. ASOCV151on- A soclety where science Is accessible, inC51¥e and valued byall as a fvndamental part of everyday life. ASDC Mission - To champion our members. brlngin8 them together to achieve collectlve impact and reach through connection, advocary and insight. ASDC Values - These provide a values screen that lens the WOTk tsking place and working practices.. Inclusion- Connection- Collaborntion- Innoyatft- $tain•bility Prlndpal rl$ks and uncertalntles Risks are addressed on a case-by-case basis and any relevant changes to systems or pro¢edure5 are made to manage those risks. The Char5 risk register is reviewed at every meeting of the Boar of Trustees Ithe"8oarfl. The major risksto which the charity is exposed are:
THE ASSOCIATION FOR SCIENCE AND DISCOVERY CENTRES fteport ot the Trustees for the year ended 31 March 2022 Icontlnuedl The tack of sustainable core fvnding and rellanon proiert delNery. Small team and high workloads increase risk of long working hours, stress and high staff turnover in recent years. The impart of Covid-19 and the current economic climate on membership and ASDC fundin8 sources. Operatlonal Report OveNlew The Assotiation for Science and Discovery Centres IASDCI is the vibrant national charty that brings together the UK'S leading science engagement organisations to play a strategic role in the nation's engagement with science. The ASDC membership intlude5 independent and non-independent UK science centres, science museums, environment centres le.g- eco-attractionsl, learned societies and research councils. In recent years, together the ASDC network has engaged over 25 million people each year, with science, technology, engineering and maths ISTEMI through their science exhibitions and activities via school. public and communty engagement programme5. From 2021-2022, ASDC has worked to our mission of bringing together the ASDC membership by creating and running regular knowledge exchange and profession81 development events, leading national STEM projerts, and facilitating ongoing opportunities for collaboration. connection and innovation via a number of digital platforms. The majority of our events and programming took place online during thi5 year, including the 2021 national conference. These events promote professional development and networking within the membership, alongside opportunities to work with funders, research councils, wider networks and government advocates. Together we aim to raise the profile of our sector and to promote a culture of accessible science for all. ASDC has an office in central Bristol and has experienced a great deal of change within the executive team. A focus of activity and resource has been on internal staff restructure and wellbeing due to the loss of 2 key fvll-time members of the team: Dr Penny Fidler ICEOI who resigned in March 2021, working until April 2021 Abi Ashton IProject Managerl who resigned March 2021, working until June 2021 The remaining executive team for the year under review comprised of- Arting CEO Ipromoted April 2021110.8 FTEI. Executwe Assistant, promoted to project manager (August 2021111.0 E) Destination spa Project manager appointed September 202110.4 E) Communication and digital manager10.6 FTE increased to 0.8 in ju 20211 Offlce and projects administrator (appointed 0.83 FTE in October 20211 Bringing the membership together Our core values commit ASDC to promoting connection, collaboration, inclusion, sustainability and innovation across the sector. We continue to grow opportunities for members to share inspiring prattice, ideas and experiences across our national network land widerl- Between April 2021 and March 2022, ASDC convened a variety of professional development and knowledge exchange events, meetings antl forum5 for science engagement practrcioners across the UK. For example:
THE ASSOCIATION FOR SCIENCE AND DISCOVERY CENTR Report of the Trustees tor the year ended 31 March 2022 Icontlnuedl Bringing together strategically placed individuals from each member organisation into an Ambassadors network to share aims, priorities and work collectively towards tommon goals. Individual CPD and support events such as: o In depth discussion on best practice and technology useful for delivering hlghly professional, interactive digital school engagements o Staff wellbeing and working practice5 sesslons across the sector CEO and senior leaders breakfast meetings Monthly members-only meetings on a variety of topics for professionals workin8 at dlfferent levels and within breadth of different departments within the membershlp Supporting benchmarkbng requests across the sector (for example* pay scales 8nd beneflts for the recrultment and retention of staffj ASDC also has a contlnued, increasing commitment to regular communicat10115 with member5 acros5 a number digrtal platform$ Such as the IISDC i?E'bvslelleir and social media channels Twitter ac and Liiikedlii. Web51tes and shared resource spaces also include: The ASDC Wel)sitp and Fiitiirps Website.. updated to enable a more efficient ux for members to access up-to-date resources, fvnds, lobs, Information and to re- energise our brand and what we stand for vlsltors from outside our sector. o Aciebsibility_Hub. set up supported by STFC in 2020. "Small changes, bi8 Impac thls resource 5UPPOrts sclence centres and museums on thelrjourney to becomln8 fully accesslble social spaces. o The Inilusion Portal A resource to share evidence and learning from EYU4 ISTFCI and the wider sector. Consulted on by research and practlce leader5 in the field of eqvlty and Ineluslon. o I'he Climate. Hiib: A hub for sclence engagement professlonals to share orttvltles, resources, carbon-cuttin8-measures and external events on climate and COP26 for a collective approach. Funded by S¢ottlsh Government and updated with support from NERC. The Equlty@Ecslte tollectlve.. funded by a collaboratlve 8fant from Ecslte, maintalned a 8rowing Basetamp resource, a draft webslte known as the 'Dlversci' framework- due for future flnolisation and launch- and an a550ciated bi-mofithly informavdrop.in C The ASDC 2021 Natlonal Conference ran virtually lonlinel with the theme 'Sustalnable Futures, on 24, & 25, November. Three key strands were highlsghted from the theme, with parallel session and keynotes driven from membership interests.. Sustainable Futures.. Reslllence. Su5talnable Futures.. Diverslty. Sust8inable Futures: Environment. Llstening to the membershlp A listening project took place to uncover the value of ASDC for current and potential members, Including member 5UCtesses, ambitions and challenges, and to itlentify how ASDC could better see its member5 in the future. A survey was sent across the members, alongside a number of informal Interviews with CEOS and senior manaBers. ASDC uncoverèd that the most valued benefits of ASDC membership we. l. Networking opportunities187.7%1. 2. Bein8 part of ASDC Prolects175.6%1. 3. Opportunrties for CPD156.1%1.
THE ASSOCIATION FOR SCIENCE AND DISCOVERY CEfffliES Report of the Trustee5 for the year ended 31 March 2022 Icontlnued) Wider opportuntties that ASDC tould provide the followin& and lensed this yearf5 activities accordingly: l. Supporting fundin8 to reach diverse audiences. 2. Support to write better applicat*Jns using the experience of member5. 3. Support to share ideas and navigate the sustainabilrty of operations In an Increasingty digltal world. 4. Benchmarking against other science centres for artpiities and knowledge sharing. Nt7tionol ond InternationolSTEM Progrommes ASDC continues to run National Programmes that align wrth our vlsion, mission and values. Projects enable us to deliver sector-wide support, share knowledge. brin8 tO8ether communities of prartice, and contribute to the sustainabllity of the charity. Explortr Yovr Unlverse Pfrase tl EYU4 Funded by the Science and Technology Facilities Council {STFCI, th15 pro8ramme worked with 8 science centres and places partIcIpat)n. equity and inclusion at the heart of engagement wlth STFC science. The methodology works with a multiple engagement model, allowing the time for science centres to build equitable partnerships with local communities and pushing the t¥)undarles of their participatory practice. OLrtcomes for participants included increased pride. ownership. skills, stnCe learnln& belongin& confidence, agency and connectlon to science. Case studie5, evaluatlon methods and learnin8 from this pro8ramme can be found at.. htt inilLlSiOlI sciencecentres or Pro ct Insplre In collaboration wr¢h the Insplrin8 Sclence Fund, J partnership between UKRI and Wellcome. thi5 programme launched in September 2020 and closed In October 2021. St has 2 distinrt Strands of work- ASDC EmerBln8 Leaders Pro8ramme an investment into the professional development, providing skllls, apwoaches and practices to nurture and support the inclusive and inno¥atNe Scnce centre leaders of our future. A Digltal En8a8ement and Innovation Pro8ramme ASDC selected eight sclence centres to dellver innovative di8ital projects that open-up new participatory ways of en8aging and involving their under5eNed audiences. Each centre was awarded a grant of £15,OtsJ to fijnd thelr work, and were fvrther supported by ASDC wr¢h ideation sessions, masterclasses and infomial dropln sessions to a55i5tthem a5 they pilot new di8ltal method5 and work to en8a8e their communities with sciente. Destination S ace Funded by the UK Space (qency. Destination Space 3 unched in October 2021, workinB across nine science and discovery centres and museums in a 6 month programme, this programme focu55ed on schools and family enga8ement. playing to the current strengths wf(hin individual stience centre delivery partners and focussing on the contenl areas of the James Webb Space Telescope, UK Spaceports and Climate from space. Over 67,(KK) people 193% in-personl took part in Destinatlon Space 3, with 82% of participants strongly a8reeinyJagreeing that space science is relevant to their own lives.
THE ASSOCIATION FOR saENCE AND DISCOVERY CENTrES Report of the Trustees for the yeay ended 31 March 2022 {contlnuedl eration Earth Funded by NERC, Operation Earth 2.5 launched in September 2021, working across 10 science centres and reaching over 67,} people with a signFfitant impact on participant interest in climate and environmental science. with 92% strongly a8reeinglagreein8 that climate and environmental science has a strong connection to their own lives. Staff development. relationships-building and confidence for science centre staff were also key outputs for this proBramme. ASDC has been an integral part of this tore advocacy group since 2016 and wrote a successful Collaborative Grant application to Etsitefor 2020 to enable the development of the 'DiverscC framework (chosen to empha5i5e Diversity. Inclusion. Values, Equity & Responsibi16ty in Sclence Communicationl. Le(1 by ASDC, this framework was piloted auoss 17 European organi5ations during 2020 and into 2021. with workload durin8 2021 focussed on the finallsing of the framework due to be launched May 2022. Advococyfvrsclence and dCovery centres Lobbyin8 continues. followin8 the Parllamentsry debate held on 24th March 2021. further meetin8S were held such as: 28, June, Shaaron Levernient and Chas Bbshop virtually met wlth Michelle Donelan MP Imlnister for Universities). Caroline Dinena8e MP (Minister for Oi8ltal and Culture) and Amanda Solloway MP Iminister for Science, Research and Innovationl and Ben Spencer MP. ITr Au8USt. Shaaron Leverment. Cha5 Bishop and 8rid8el Holligan met again with Dr Ben Spencer MP with a view to bringin8 together a lobbying policy document. Flnanclal Over¥lew Overvlew The total income for the period was £448.08712021: £571.9941. Totsl expenditure for the year was £525,89712021.. £647,38818ivlng a deficit of £77,81012021: deflclt of £75.3941. The increased defictt is a result of the additional costs Incurred durin8 the change of CEO and a reduced number of projects running durin8 2021-2022. Rese5 ond Investment Poliue5 In order to provide on.going financ1 stablllty, the organlsation aims to hold reserves at a level that will provide funds to cover a mlnimum of tWee months of costs in the event of a fallure to secure fvndlng. At year end we had £140.63612021: £156.2321 in unrestrb¢ted reseThes which, alon8 wfth expected income during the Current year. we consider sufficient. The or8anisation does not currently have a fomal investment policy. Future Pl4ns The founding CEO Dr Penny Fidler left the OrganIsatft on 24" April 2021. With the extended period of kience and Discovery Centre closures and change of the executive team. the arting CEO was in post for the M01nder of the financlal year to deliver committed projects and support the staff. Shaaron Leverment was then recruited into the permanent role in April 2022.
THE ASSOCIATION FOR SCIENCE AND DISCOVERY CENTRES Report ol the Trustees lor the year ended 31 Marth 2022 IconlSnued) Future plans indude.. l. Definition arKI progresslon of Strategic goals to be outlined in full at the AGM120221 . 2. Supporting the resilience and wellbeing of the flourishing network of member. 3. Promoting greater connection and colkboration within and acr05s our sector of science ¢entres and science museums. 4. Launch of the 'DNersci' framework and associated LinkedlN groups for European EDI collective practite. 5. Diversification of the membership. includlng Increa5in8 assotlate membership, national partnership and conference sponsorship as sources of core funding. 6. Successful delivery of an in-person conference at Gla58ow Science Centre. 7. ConstitLrtional Lbpdates. acceptance of refreshed articles of association and diversification of the board of trustees. 8. Securin8 additional sources ol project fvnding and for8in8 new relationships With funders that align our mission and values. 9. Ralsin8 the profile of the sector for reaching diverse audiences and promoting wider participation with sclence. 10. Continuing to champlon the cultural and soclal Impact of the national ASDC membership. for wider recognition for the sector. Staternènt of trusteeg responslbllftles The trustees (who are also the dlrectors of the company for the purposes of company lawl are responsible for preparin8 the Trustee5' Annual Report and the financial statements in accordance with applicable law and Unlted Kin8dorn Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financlal year whlch glve true and falr view of the state of affalrs of the chèrrtable company and of the incomin8 resources and application of resources, Including the Income and expendtture, of the charltable company for that period. In preparlng these financlal statements. the trustees are reqUId to: 5elert sultable accountlng pollcles and then apply them consIstent. obseNe the methods and principles in the Charitie5 SORP FRS102 (effective l January 20191: make jud8ements and estimates that are reasonable and prudent: state whether applicable UK Accounting Standards have been followed, subjert to any materièl departures disclosed and explained in the financial statements; and prepore the finantial statements on the goin8 tontern basis unless it 15 inappropriate to presume that the charitable company will continue in business. The trustees a responsible for keepin8 proper accountin8 Tecord5 that disclose with reasonable occuracy at any time the financial position of the charitable company and enable thern to ensure that the financial statements compfy with the Companies Act 2W6. They are also responsible for safeguarding the assets of the charitable company and hence for takin8 reasonable steps for the prevention and detertion of fraud and other irregularities.
THE ASSOCIATION FOR SaENCE AND OISCOVERV CEPmiES Report of the Trustees for the year ended 31 Marth 2022 (continued} Small cOmnY Exemptions This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relatin8 to small companies. Approved by the Board of Trustees and signed on its behalf bv: Trustse- Stephen Bteslln Date..
THE ASSOCIATION FOR SCIENCE AND DISCOVERY CE14TrES Independent Examlnerfs Report for the year ended 31 Marth 2022 Independent examlnerfs rep(xt ttstheTrustees of The Associalk for Sdence and Dlxovery Centres I report to the charity trustees on my examination of the accounts of the company forthe year ended 31 March 2022 which are set out on pages 11 to 20. Responsibilities ond basi5 of report As the charty twstees of the company land also its direttor5 for the purposes of company lawl you are responsible for the preparation of the acc¢)unts in accordance with the requirements of the Companies Act 2C¥)61'the 21x16 ACVI. Having satisfied myselfthat the accounts of the company are not requlred to be 8udlted under Part 16 of the 2c6 Act and are eligible for independent examination. I report in respect of my examination of your company's accounts as carried out under sertKJn 145 of the Charltles Act 20111'the 2011 Act'l. In carryin8 Out my examination I have followed the Directions glven by the Charity CommissTr under section 14515llbl of the 2011 Art. Independent examinerfs statement Since the companvs gross income exceeded £250.¢XX) your examiner must be a member of a body Ilsted In sectlon 145 of the 2011 Art. I confirni that l am qualified to undertake the examlnatlon because l am member of the ICAEW. which is one of the listed tr•)dles. I have Completed my examination. I confirm that no matters have come to my attention In connertion with the examination 8ivin8 me cause to believe that in any material respect: accounting records were not kept In respect of the company as qUIred by sectlon 386 of the 26 Act; or the accounts do not occord wlth those records. or the account5 do not comply wlth the accounting requlrements of section 396 of the 2006 Act other than any requirement that the accounts 8Ne a 'true and falr vlev/ whlch 15 not a matter consldered as part of an independent examination- or the accounts have not been prepored In accordance wtth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charlties applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021. I have no concerns and have come across no other matters in connettion wrth the examination to whlch attentlon should be dr•wn in thls report in order to enable a proper understsndlng of the attounts to be reached. Stuart Crisp Bsc FCA Corrigan Accountants Limlted First Floor 25 King Street Bristol 8SI 4PB Dote.. 9 November 2022 -io-
THE ASSOCIATION FOR saENCE AND DISCOVERV CENTRES Staternent of Financlal Activitie5 includin8 Income and ExpeThdire Ac¢ount for the year ended 31 March 2022 Unrestrfrted Restrlcted Totsl funds funds 2022 Total 2021 Income from Charrtable actNlties Other trading activities 374,212 374.212 73,875 527,732 44.262 73.875 Total Income 73875 374212 448J)87 571,994 Exp•ndlwre on Charitsble activities 86,562 439.335 525.897 647,388 Totsl expendlture S6 439335 S2597 647,388 Net expendlture 112.687) 165,123) 1TIO101 175J941 Transfers between funds 12,9)91 Net movement In funds {15S961 161214) 177,810) {75,394) Total funds at l Apdl 2021 IS6,232 62,214 218,446 293,840 Totsl funds al 31 Mavth 2022 14 140.636 140,636 218A46 All Income and expendlture Is derNed from the ¢harWs continuln8 artltIes. All galns and losses recognised durlng the year are Included above. The notes on pa8es 14 to 20 form part of these financial statements. -li-
THE AssoaATION FOR saENCE AND DISCOVERY CENfRES Company number 06798106 Balance Sheet a5 at 31 March 2022 2022 2021 Note Current assets Debtors Cash and bank balances 113,457 113,029 199,158 232,061 226,486 431,219 Credltorn amounts fallln8 due whhln one ye•r io 185.8501 1212.7731 Net ujrrent assets 140.636 218,446 Net assets 140,636 218.446 Fund5 of th• ¢h4rlty Restrlcted funds Unrestricted funds General fvnd5 12 62,214 12 140,636 156,232 Total charlty fvnds 12 140,636 218,446 The charltable company is entitled to exemptlon from audlt under 5ertion 477 of the Companlès Act 2006 for the year ended 31 March 2022. The members have not required the company to obtsin an audlt of its financbal ststements forthe year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for- lal Ensuring that the tompany keeps accountin8 records which compty with Sectlons 386 and 387 of the Companies Act 2006: and Ibl PreparSng financlal statements which give a true and fairvlew of the state of Jffairs of the company as at the end of eath financial year and of Its profft or loss for each financial year in accordance with the requirements of SertKin 394 and 395 and which otherwise comply with the requirements of the Companies Act 2C(16 relating to financial statements. so tsr as applicable to the company. The financial statements have been prepared in accordante with the special provisions of Part 15 of the Companies Act 2006 relating to small companles. The financlal statements were approved by the Board of Trustees, and authorwd for issue, on and were si8ned on ris behalf by.. Trustee- Stephen Breslin Trustee- Scot Owen 9 November 2022 The notes on pa8e5 14 to 20 form part of these financial rtatements. 12-
THE ASSOCIAnoN FOR SCIENCE AND DISCOVERY CENTrES ststernent of Cash Flows for the year ended 31 Marth 2022 2022 2021 Net m¢y4ement In funds I7710) 175.3941 Adlustments for.. Decreasellincreasel in debtors Increa5elldecreasel in credrtors 85.701 {126.9231 150,1211 140,582 Net cash provlded by operating actpiities 1119,0321 15,067 Cash at the beginning of the year 232,061 216,994 Cash at the end of the year 113,029 232,061 13-
THE ASSOCIATION FOR SCIENCE AND DISCOVERY CENTRES Notes formlng part of the fiala1 statements for the year ended 31 March 2022 Accounting policies Basi5 of t7ccounting These financial statements have been prepared in accordance with Accounting and Reportin8 by Charities.. Statement of Recommended Practice applicable to charit*s preparlng accounts in accordance wlth Financial Reporting Standard applicable in UK and Irelaftd IFRS1021 (Effective January 20191- (Charities SORP IFRS10211, the Financial Reporting Stsndard applicable in the UK and Ireland IFRS1021 and the Companies Act 2LX16. The financial statement5 have been prepared under the historical cost convention. The financial statements are prepared In sterlin8 which is the functlonal currency of the company. Monetary amounts In these financial statements are rounded to the nearest É. The Association for Science and Discovery Centres meets ihe definitlon of a public benefr( entity under FRS102. Assets and liabilsties are initialty recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policie5. Going concern The account5 have been prepared on the a55umption that the charity is able to continue as a going concern, which the tru5tee5 consider approprlate havin8 regard to the current level of unrestricted reserves. The COVID-19 pandemic had a si8nificant impart on the economy, which n turn did affect the charity. The trustees have considered the impart of thls 155ue on the charitWs current and fLrture financlal posltion. As With previou5 years, much of the charit5 income for the next 12 months is agreed and the charity held unrestrkted reserve5 of £140,636 at 31 March 2022. Whilst there is a resen4e level at which the trustees will trigger a meeting of the ASDC Board Flnance Group to review the 8oln8 concern of the organisation. they have already taken action to increase Income through new membership categorles that wlll brln8 in recurring revenue alongside the opportunlty to source and accept additional prolect income. The Trustees, therefore, consider thal the charity has sufficient SerVeS to continue as a 80ing concern for a perlod of it least 12 months from the date on which these financial statements are approved. Income Income comprises lal Revenue grants in respect of the Science and dlscovery centre projects; Ibl Membership and conference delegate fees. All Incoming re50ur¢es are Included in the Statement of Financial ActNities when the charlty Is le8ally entitled to the Income and the amount can be quantlfied with reasonable accuracy when any performance criteria or conditions attached to the income have been met or are fully wlthin the control of the charity, and when receipt of the income is considered to be probable. Income receNed Sn advance for contrècts and where criteria or conditions are attached to the ncome is defeThed until the conditions or criteria for reccenition are met. Fund occountlng Unrertricled General Funds are available for use at the discretion of the Trustees in furtherance of the generdl objectives of the Charity. Restricted funds are funds which have been given for a spectfic purpose bythe donor or statutory body. Expenditure which meets these criteria is charged to the fund, together with falr allocation of management and support costs on an employee basis. Oescriptions of the restricted funds are contained in the tTUStees' report. .14-
THE ASSOCIATION Foft SOENCE AND DISCOVERY CENTRES Notes fomilng part of the financial ststemerrts for the year ended 31 March 2022 Icontlnuedl Resources expended External costsof prolectsare thosecostsdirectty incurred in connection with thevarious projects carried out by the Charity. Expenditure is reco8nised once there 15 a legal or constructive obligation to make a payment to third party, it Is probable that sethement will be requlred and the amount of the obligation can be measured reliably. Expenditure is charged directty to the project5 where possible. Irrecoverable VAT is treated as a cost to the charity and analysed between appropriate expenditure headings. Governance costs are those costs incurred in connertion with compllance with constitutional antl statutory requirements and have been allocated against Charitable Activities. All costs are allocated between the expenditure cate8ories of the Statement of Flnanclal Artivities on a basls designed to rellect the use of the resource. Costs relating to a particular activlty are allocated directly. tO8ether with a fair allocation of management and support Costs on an employee basis. Flnanciol instruments The ¢harlty onty has financial assetsand finarbcial liabilities of a klnd that quallfy as baslc financlal instwments. Basic financial instruments are Initial recognised at transactlon value and subsequently measured at thelr settlement value. Debtor5 Grant and contract debtor5 are reco8nlsed at the settlement amounts due after any dlscounts. Prepaymenis are valued at the amount prepaid after tsklng account of ony discounts due. C175h ot bonk ondin hond Cash at bank and in hand includes cash or short terrn deposits wlth maturity date less than 3 months from the opening of the deposit. Creditors credOr$ and provlslon are reco8nlsed when the charlty ha5 a present oblvaation resultln8 from a past event that will probably result in a transfer to a thlrd part In settlement of the obligation and when It can be measured rellably. CdItOrS and provisions are nomialty recognised at their settlement amount after any distounts due. Pen510n scheme The charity pays contrllmrtions into a group personal penslon scheme on behalf of the employees. Contributions payable are charged to the Statement of Financial Actlvftles in the perlod to which they relate. Operoting leoses Rentals payable under operatlng leases are char8ed to the 50FA over the per in which the cost Is Incurred. Legal ststus of the chaylty The charity is a private company limlted by guarantee and has no share capital. Deta115 of the charitrfs regiSted office and registered number are given in the Report of the Trustees. In the event of the charity bEin8 wound up. the Ilability on respett of the guarantee is limited to £1 per member.
THE ASSOCIATION FOR saENCE AND IX5COVERY CENTrES Notes fomilng part ol the financial 5tatrments for the year ended 31 Marth 2022 leontinued) Charftable actlvllles unstricted Funds Restritted Funds Totsl Funds 2022 Total Funds 2021 Grants 374.212 374.212 527,732 374,21Z 374.212 527.732 Durin8 the year income was received towards running the charity and rtain activities the charlty undertakes. Of the £374,212 recelved in 2022, £Nil is included within unrestricted fvnds12021: £Nill nd £374,212 has been received that is restritted to certain project$ 12021: £527,732). Funds are claimed and recognised as contrartual obllgations are met. Other tradlng artlvllle5 Unrestricted Funds Restricted Funds Total Funds 2022 Total Funds 2021 Member5hlp income Annual conference Job retention scheme grants Other income 34.395 14,082 1,247 24.151 34.395 14,082 1,247 24,151 31,990 11,561 711 73.875 73075 44,262 Expendltur• External cost Support of projects ¢05ts 2022 2021 Purch?5es Salaries lincl. employerfs Nll Pension contribution Recruitment and tempornry stsff Staff trainlng and welfare Travel and subsistence Entertaining Premises costs Telephone and fax Postage and stationery Subscriptions Bank charges Irrecoverable VAT Insurance Computer costs Sundry expenses Accountancy fees Consultsncy fees Advertising and PR Other marketing costs Legal and professlonal fees 266.647 6,931 154,112 6.110 2,526 46 1.843 483 18,834 4,1(h) 273,578 154,112 6,110 5,751 746 5,349 248,570 258,455 9,234 3,225 7CKI 3.506 1,519 14131 222 18,359 4,829 189 2,439 99 22,996 4,443 6,316 192 17,221 1,965 440 34,096 15,817 18,834 4,11)0 34 4.167 529 15,982 4,608 7,352 172 13,804 25 1.687 529 5,970 4,608 5.987 172 5,780 10.012 1,365 8.024 6.172 1,520 2,494 7,692 2,494 301363 22434 525W7 647388 -16-
THE ASSOCIATION FOR SCIENCE AND DISCOVERY CENTRES Notes forming part of the financial Statements for the year ended 31 March 2022 (contlnuedl Expenditure (continued} Of the £525,897 expenditure, £86,562 has been charged to unrestricted funds12021: £149,322) charged to unrestricted funds) and £439.335 has been charged to restricted funds 12021.. £498,066 charged to restricted furtdsl. Taxatlon The charlty is exempt from tsx on income falling within settn 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable oblects Net Incomlng resource5 Net incomin8 resources are stated after charglng:" 2022 2021 Cost of Sndependent examinatton Dirertors, remuneration Operatin8 leases 1,31XI 1,3LM) ii,c ii.o(y) S•l*rl¢s 2022 2021 Salaries Social security costs Pension contrlbutlons 142,215 11,897 6.110 240,944 17,511 9,234 160,222 267,689 The staff costs ofthe charity are shown above. The average number of employees land full time equivalent51 in the year was: 2022 number 2021 number Management Administration Full time equNalent Number of employees With emoluments (excluding Employers, pension) 2022 number 2021 number Between £40,OCKI and £50,(K(I Between £110.( and £120,(KN) The key management personnel of the charty are the twstees, the Chief ExetutNe Officer and the Atting Chlef Executive Officer. The total employee beneffts paid to the key management personnel were £77.92912021: £146,684}. 17-
THE A550CIATION FOR saENCE AND DISCOVERY CEfffliES Notes fomilng part ofthe finanual slatements forthe year ended 31 March 2022 (continued) Debtors: ¥m(wnts falllng due wliNn year 2022 2021 Trade debtors oiher debtors and prepayments 105,642 7,815 191,695 7.463 113A57 199,158 10 Creditors: amounts fallln8 due wlthln one year 202Z 2021 Trade credltors Tax and social security Other creditors Accruals and deferred income 78,870 4,168 1.485 1,327 146,(K)9 6,399 2,102 58,263 85050 212,n3 11 Commltmems under operatlni leas•s At 31 March 2022 the charlty hèd total commltments under operating leases as set out below.. 2022 2021 Operating lease commrtments ii.c ii.oco 12 Ststement of funds At Incoming l Apr 21 resources Outgoing At resources Transfer5 31 Mar 22 Unrestrictedfunds Gen?ral funds 156.232 73.875 186.5621 {2.9)91 140,636 Restrirtedfund5 Explore Your Unrverse 4 Inspire ISEN Project Lightyear NERC 2 NERC 2.5 Destination Space 2B Destination Space 2C Destination Space 3 StFC 2020 94,990 74,949 {94,9901 1133,4201 I2.Cl 13501 11,9831 1122.3701 12831 198 179,6371 (4.5(Kl) 58.471 350 1.983 122.370 283 11981 12831 757 79,920 3,743 62.214 374.212 {439.3351 Total funds 21&446 448x187 (525,8971 140,636 18-
THE ASSOCIATION FOR SCIENCE AND DISCOVERY CENTRES Notes formlng part of the financlal ststements for the year ended 31 March 2022 (continued) Tmnsftr5 betweenfvnd5 Expenditure in excess of restricted fundlng receNed ha5 been transferred from unrestricted funds. Restrirtedfvnds Detalls of the larger restricted funds are included in the Report of the Trustees on pages 6 and Comparalive statement of funds At IApr20 Incomin8 resources Out80ing At resource5 Transfers 31 Mar 21 Unrestrictedfunds General fund5 261,307 44,312 1149.3221 1651 156,232 Restrirtedfunds Climate Hub Engaglng Envlronments Explore Your Universe 4 Forum.. Impart Suniey Incluslon Insplre ISEN Mars NERC 2 9,514 Science Museum Group Acad 18.666 Destlnatlon Space 2B Destination Space 2C STFC 2020 STFC 2021 8,5 18,5601 1151 1101,29)) 15.3551 12,5581 1116,410) 12,(Th)) 19901 178,1071 123.6661 157,6391 145,1471 126.9251 129,4041 65 1,295 12,6951 99.995 8.050 2.558 174.881 58,471 990 68,593 142.3581 8,883 30.668 99.997 36.264 3,743 29.404 32,533 527,682 {498,066) 65 62,214 Total funds 293 571,994 1647.388) 218A46 -19-
ThE AS50aATION FOR saENCE AND DISCOVERY CEpifRES Notes lomiing part of the financlal ststefflents for the year ended 31 March 2022 leontlnued) 13 Analysis ol prior year statement of Ilnancial a¢tl¥ltles Unrestflcted Restricted Total fund5 funds 2021 In¢ome from Charitable artNitiÈs Other trading actNities 527,732 1501 527.732 44.262 44.312 Total Income 44312 527,682 571J94 Expendlture ¢)n Charitable activities 149.322 498,066 647,388 Totsl expendlture 149322 498 647,388 Net expendhure I10510> 29,616 175J941 Transfers between funds 65 N•t movement In funds (lo875) 29,681 175,3941 Total fund5 at l Aprll 2020 261.307 32.533 293,840 Total funds at 31 March 2021 I,232 62,214 218 14 Funds Unrestrirted Restricted funds funds Total 2022 Total 2021 Fund balances are represented bv: Current assets Current liabilities 226,486 185.8501 226,486 431,219 185,8501 1212,7731 140,636 140,636 218,446 15 Pen51on$ The pension charge amounted to £6.11012021: £9.2341. At the ye•r*nd £l.08912021.. £1,420) Wa5 041tstandln8. 16 Trustees. Remuneratlon and Benefits There wa5 no trustees. remuneration, beneffts or expenses for the year ended 31 March 2022, nor for the year ended 31 March 2021. 17 Related party tranwtlons There were no related party transactlons duringthe year ended 31 March 2022. nor for the year ended 31 March 2021. -20-