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||Page|
|---|---|
|Reference and Administrative
Details ofthe Charity, its Trustees and Advisers||
|Trustees'
Report|2-8|
|Independent
Examiner's
Report|9-10|
|Statement of Financial Activities||
|Balance Sheet|12 - 13|
|Statement ofCash Flows|14|
|Notes to the Financial Statements|15-35|
|REFERENCE AND|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE|DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|---|---|
||||FOR THE YEAR ENDED 31DECEMBER 2022|||||
|Trustees|||Dr D D Cleevely|CBE,Chairman||||
||||Ms A H East|||||
||||Dr C K Lennard|||||
||||Dr LJSpokes|||||
||||Mr J Drori|||||
||||MrJJ P Marsh|(appointed 2 February 2022)||||
||||Ms AJWeatherup||(appointed||2 February 2022)|
||||MrJR Short (resigned 2 February 2022)|||||
||||DrJA Mailed (appointed|||26April 2023)||
||||Mr BFV Cotta|(appointed 26April 2023)||||
||||Mr D Cuff (appointed 26|||April|2023)|
|Company|registered|||||||
|number|||07962584|||||
|Charity registered||||||||
|number|||1146349|||||
|Registered||office|44 Clifton Road|||||
||||Cambridge|||||
||||CB17ED|||||
|Patrons|||Lord Rees of Ludlow|||||
||||Professor Dame|Athena||Donald||
|Chief executive officer|||John Bull|||||
|Independent||examiner|Peters Etworthy|&|Moore|||
||||Chartered
Accountants|||||
||||Salisbury
House|||||
||||Station Road|||||
||||Cambridge|||||
||||CB1 2LA|||||
|Bankers|||Barclays Bank pic
9-11StAndrews||Street|||
||||Cambridge|||||
||||CB2 3AA|||||
|Solicitors|||Birketts LLP|||||
||||22 Station Road|||||
||||Cambridge|||||
||||CB12JD|||||
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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
|||Note|8|||E|
|INCOME FROM:|||||||
|Donations||||479,799|479,799|297,777|
|Charitable
activities|||58,225|57,625|115,850|214,726|
|Other trading
activities||||13,401|13,401|4,645|
|Investments||||213|213|189|
|Other income||||59,572|59,572|104,506|
|TOTAL INCOME|||58,225|610,610|668,835|621,843|
|EXPENDITURE ON:|||||||
|Raising funds||8||98,907|98,907|83,967|
|Charitable
activities||9|113,842|637,518|751,360|519,823|
|TOTAL EXPENDITURE|||113,842|736,425|850,267|603,790|
|NET MOVEMENT|IN FUNDS||(55,617)|(125,815)|(181,432)|18,053|
|RECONCILIATION|OF FUNDS:||||||
|Total funds brought|forward||124,672|57,201|181,873|163,620|
|Net movement
in funds|||(55,617)|(125,815)|(181,432)|18,053|
|TOTAL FUNDS CARRIED FORWARD|||59,055|(68,614)|441|181,873|
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|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note||E|||
|FIXEDASSETS|||||||
|Tangible assets||14||10,589||45,691|
|Investments||15||1||1|
|||||10,590||45,692|
|CURRENT ASSETS|||||||
|Stocks||16|2,648||5,984||
|Debtors||17|79,381||86,689||
|Cash at bank and|in hand||154,949||267,116||
||||236,978||359,789||
|Creditors: amounts|falling due within one||||||
|year||18|(172,811)||(198,608)||
|NET CURRENT ASSETS||||64,167||161,181|
|TOTAL ASSETSLESSCURRENT|||||||
|LIABILITIES||||74,757||206,873|
|Provisions
for liabilities||19||(74,316)||(25,000)|
|NET ASSETS||||||181,873|
|CHARITY FUNDS|||||||
|Restricted funds||20||69,05S||124,672|
|Unrestricted
funds||20||(68,614)||57,201|
|TOTAL FUNDS||||||181,873|
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||||2022|2021|
|---|---|---|---|---|
|||Note||5|
|CASH FLOWS FROM OPERATING ACTIVITIES|||||
|Net cash used
in operating
activities||22|(105,816)|41,476|
|CASH FLOWS FROM INVESTING ACTIVITIES|||||
|Dividends,
interests and rents from investments|||213||
|Purchase oftangible
fixed assets|||(6,564)|(9,127)|
|NET CASH USED IN INVESTING ACTIVITIES|||(6,351)|(9,127)|
|CHANGE
IN CASH AND CASH EQUIVALENTS|IN THE YEAR||(112,167)|32,349|
|Cash and cash equivalents
at the beginning
ofthe year|||267,116|234,767|
|CASH AND CASH EQUIVALENTS AT THE END|OF THE YEAR|23|154,949|267,116|
|The notes on pages 15to 35form part ofthese financial statements|||||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||||F|
|Donations|and grants|291,882|291,882|135,277|
|Executive|Council Membership|187,917|187,917|162,500|
|||479,799|479,789|297,777|
|TOTAL 2021||297,777|297,777||
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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2022|2022|2022|2021|
||||6|6|
|Grants|58,225||58,225|173,651|
|Admissions||57,625|57,625|41,075|
||58,225|57,625|115,850|214,726|
|TOTAL 2021|173,651|41,075|214,726||
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|||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2022|2022|2021|
||||||||E|8|
||Retail sales|||||13,401|13,401|4,645|
||TOTAL 2021|||||4,645|4,645||
|8.|INVESTMENT INCOME||||||||
|||||||Unrestricted|Total|Total|
|||||||funds|funds|funds|
|||||||2022f|2022
K|2021
F|
||Bank interest|||||213|213|189|
||TOTAL 2021|||||189|189||
|7.|OTHER INCOMING||RESOURCES||||||
|||||||Unrestricted|Total|Total|
|||||||funds|funds|funds|
|||||||2022|2022|2021|
|||||||8|6|6|
||Government|grants|receivable|||16,960|16,960|104,506|
||Covid-19 business||interruption|insurance|payout|42,612|42,612||
|||||||59,572|59,572|104,506|
||TOTAL2021|||||104,506|104,506||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||5|8||
|Events, exhibits and advertising||3,482|3,482|5,408|
|Bank &finance charges||214|214||
|Premises
rent||9,534|9,534||
|Subscriptions|&memberships|557|557||
|Office expenses||280|280||
|Professional|and consultancy|8,089|8,089||
|Staff costs||76,751|76,751|78,559|
|||98,907|98,907|83,967|
|TOTAL 2021||83,967|83,967||
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|||Restricted|Unrestricted|||
|---|---|---|---|---|---|
|||funds|funds|Total|Total|
|||2022|2022|2022|2021|
|||8|6|5|5|
|Events|and Outreach|113,842|637,518|751,360|519,823|
|TOTAL|2021|88,780|431,043|519,823||
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||Activities||||
|---|---|---|---|---|
||undertaken|Support|Total|Total|
||directly|costs|funds|funds|
||2022|2022|2022|2021|
||E|8|K||
|Events and Outreach|418,627|332,733|751,360|519,823|
|TOTAL 2021|235,511|284,312|519,823||
|ANALYSIS OF DIRECT COSTS|||||
|||Events and|Total|Total|
|||Outreach|funds|funds|
|||2022|2022|2021|
|||F|8|F|
|Staff costs||237,513|237,513|167,050|
|Depreciation||38,361|38,361|23,229|
|Events, exhibits and advertising||142,753|142,753|45,232|
|||418,627|418,627|235,511|
|TOTAL 2021||235,511|235,511||
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||||||Events and|Total|Total|
|---|---|---|---|---|---|---|---|
||||||Outreach|funds|funds|
||||||2022|2022|2021|
|||||||5|5|
|Staff costs|||||140,200|140,200|173,707|
|Depreciation|||||3,305|3,305|3,255|
|Rent|||||77,424|77,424|57,294|
|Membership
fees|||||3,211|3211|5,743|
|Rates and utilities|||||2,227|2,227|1,614|
|Office equipment|||||1,611|1,611|1,688|
|Bank charges|||||||846|
|Phone and internet|||||2,715|2,715|4,146|
|Other premises|costs||||18,920|18,920|20,129|
|Dilapidations|||||49,316|49,316||
|Legal and professional||fees|||29,225|28,226|12,790|
|Non-Audit fees|||||4,579|4,579|3,100|
||||||332,733|332,733|284,312|
|TOTAL 2021|||||284,312|284,312||
|INDEPENDENT|EXAMINER'6 REMUNERATION|||||||
|||||||2022|2021|
|Fees payable to|the Charity's||independent|examiner|forthe independent|||
|examination
ofthe Charity's|||annual accounts|||1,320|1,200|
|Fees payable to|the Charity's||independent|examiner|in respect of:|||
|Preparation
ofthe annual accounts||||||2,640|2,400|
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|STAFF COS|TS|||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|E|
|Wages and|salaries|||412,575|384,768|
|Social security costs||||32,134|26,018|
|Contribution|to defined contribution|pension|schemes|9,755|8,530|
|||||454,464|419,316|
|The average|number ofpersons employed||by the Charity during the year was as follows:|||
|||||2022|2021|
|||||No.|No.|
|Delivery||||12|11|
|Business Development||||2|2|
|Central||||2|2|
|Exhibitions||||2|2|
|||||18|17|
|2022|2021|
|---|---|
|No.|No.|
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|||Fixtures,|||
|---|---|---|---|---|
||Leasehold|fittings and|Exhibit||
||improvements
6|equipment
6|costs
6|Total
5|
|COST OR VALUATION|||||
|At 1 January 2022|116,144|43,929|209,730|369,803|
|Additions|2,912|412|3,240|6,564|
|At 31 December 2022|119,056|44,341|212,970|376,367|
|DEPRECIATION|||||
|At 1 January 2022|77,783|36,599|209,730|324,112|
|Charge for the year|38,361|3,305||41,666|
|At 31 December 2022|116,144|39,904|209,730|365,778|
|NET BOOK VALUE|||||
|At 31 December 2022|2,912|4,437|3,240|10,589|
|At 31 December 2021|38,361|7,330||45,691|
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||2022|2021|
|---|---|---|
||6||
|DUE AFTER MORE THAN ONE YEAR|||
|Other debtors||22,590|
|||22,590|
|DUE WITHIN ONE YEAR|||
|Trade debtors|32,997|25,866|
|Amounts
owed by group undertakings|159|159|
|Other debtors|22,595|4,393|
|Prepayments|23,630|33,681|
||79,381|86,689|
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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||E||
|Trade creditors|||||||42,247|136,590|
|Other taxation||and||social security|||14,815|10,797|
|Other creditors||||||||116|
|Accruals|and deferred||||income||115,749|51,105|
||||||||172,811|198,608|
||||||||2022|2021|
||||||||5|8|
|Deferred|income at|||1 January 2022|||16,250|30,000|
|Resources deferred||||during the year|||98,333||
|Amounts|released||from previous|||periods|(16,250)|(13,750)|
||||||||98,333|16,250|
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|PROVISIONS||
|---|---|
||Drlaprdatrons|
||6|
|At 1 January 2022|25,000|
|Additions|49,316|
||74,316|
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|STATEMENT OF FUND|S - CU|RRENT YEAR|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1||||31|
|||January|||Transfers|December|
|||2022|Income|Expenditure|in/out|2022|
|||6|5|6|K|6|
|UNRESTRICTED FUNDS|||||||
|General||11,eto|610,610|(736,425)|35,102|(79,203)|
|Capital fund||45,691|||(35,102)|10,589|
|||57,201|610,610|(736,425)||(68,614)|
|RESTRICTED FUNDS|||||||
|FAAM - Atmospheric
Science||3,000||(3,000)|||
|Norfolk Community
Foundation|||||||
|-Dudgeon
Community
Fund||8,500||||e,eoo|
|Association ofScience and|||||||
|Discovery Centres (ASDC)||727|2,500|(3,227)|||
|WOW STEM Educational|||||||
|support||32,147||(28,347)||3,800|
|East Coast Skills - 2|||||||
|Roadshows||10,283||(5,142)||5,141|
|Cambridge
Consultants||8,500||(8,500)|||
|SGLGroup||30,424||(30,424)|||
|Advocacy funding||17,591||(17,591)|||
|Johnson
Matthey||12,500|2,000|(11,375)||3,125|
|Royal Academy of Engineedng|||||||
|Igenious awards|||8,985|(2,246)||6,739|
|North Cambrtdge
Community|||||||
|Partnership
(NCCP) - STEM|||||||
|Club|||1,990|(1,990)|||
|Ironmongers
Foundation|- Jack||||||
|Hunt School Roadshow|8 3||||||
|feeder primaries|||9,928|||9,928|
|The Mrs L D Rope Third|||||||
|Charitable
Settlement|||3,000|||3,000|
|STEM School Roadshow|- The||||||
|Geoffrey Watling
Charity|||4,000|||4,000|
|STEM School Roadshow-|||||||
|Ganzoni
Charitable
Trust|||2,000|||2,000|
|Royal Society ofChemistry|||8,000|||8,000|
|The Steel Charitable
Trust|||12,322|||12,322|
|||||||Page 29|
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||||||Balance at|
|---|---|---|---|---|---|
||Balance at||||31|
||1 January|||Transfers|December|
||2021f|Income
6|Expenditure
5|in/out
6|2021
F|
|UNRESTRICTED FUNDS||||||
|General|60,971|448,192|(515,010)|17,357|11,510|
|Capital fund|63,048|||(17,357)|45,691|
||124,019|448,192|(515,010)||57,201|
|RESTRICTED FUNDS||||||
|King Bedouin Foundation-||||||
|Amgen|9,299||(9,299)|||
|FAAM - Atmospheric
Science||3,000|||3,000|
|Association ofScience and||||||
|Discovery Centres (ASDC)|8,000||(7,397)||603|
|Eligator Sansom Family Fund||35,547|(35,547)|||
|Norfolk Community
Foundation|8,500||||8,500|
|Luton Outreach
Project|12,174||(12,174)|||
|ASDC - Explore Your Universe||4,200|(4,076)||124|
|Qualcomm
Foundation||7,186|(7,186)|||
|WOW STEM Educational||||||
|support||32,147|||32,147|
|East Coast Skills -2||||||
|Roadshows||10,283|||10,283|
|Cambridge
Consultants||8,500|||8,500|
|BGLGroup||30,424|||30,424|
|Aviva - Youth STEM club|1,828||(1,828)|||
|Advocacy funding||20,000|(2,409)||17,591|
|Johnson
Matthey||12,500|||12,500|
|Other||9,864|(8,864)||1,000|
||39,801|173,651|(88,780)||124,672|
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|ANALYSIS OF NET A|SSETS BETWEEN FUNDS|-CURRENT YEAR|||
|---|---|---|---|---|
|||Restricted|Unrestricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|||8||E|
|Tangible fixed assets|||10,589|10,589|
|Fixed asset investments|||1|1|
|Debtors due aRer more|than one year||22,590|22,590|
|Current assets||69,055|145,333|214,388|
|Creditors due within one year|||(172,811)|(172,811)|
|Provisions
for liabilities|and charges||(74,316)|(74,316)|
|TOTAL||69,055|(68,614)||
|ANALYSIS OF NET ASSETS BETWEEN FUNDS||-PRIOR YEAR|||
|||Restricted|Unrestricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|||6|6|6|
|Tangible fixed assets|||45,691|45,691|
|Fixed asset investments|||1|1|
|Debtors due after more|than one year||22,590|22,590|
|Current assets||124,672|212,527|337,199|
|Creditors due within one year|||(198,608)|(198,608)|
|Provisions
for liabilities|and charges||(25,000)|(25,000)|
|TOTAL||124,672|57,201|181,873|
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|22.|RECONCILIATION OF NET MOVEMENT|RECONCILIATION OF NET MOVEMENT|RECONCILIATION OF NET MOVEMENT|RECONCILIATION OF NET MOVEMENT|IN FUNDS TO NET|IN FUNDS TO NET|IN FUNDS TO NET|CASH FLOW|CASH FLOW|FROM OPERATING|FROM OPERATING|
|---|---|---|---|---|---|---|---|---|---|---|---|
||ACTIVITIES|||||||||||
|||||||||||2022f|2021|
||Net
income/expenditure||for the|year|(as|per|Statement|of|Financial|||
||Activities)|||||||||(181,432)|18,053|
||ADJUSTMENTS FOR:|||||||||||
||Depreciation
charges|||||||||41,866|26,484|
||Dividends,
interests and rents from|||investments||||||(213)||
||Decrease/(increase)|in stocks||||||||3,336|(4,049)|
||Decrease/(increase)|in debtors||||||||7,308|(5,762)|
||(Decrease)/increase|in creditors||||||||(25,797)|6,750|
||Movement
in provisions|||||||||49,316||
||NET CASH PROVIDED BY/(USED|||IN) OPERATING ACTIVITIES||||||(105,816)|41,476|
|23.|ANALYSIS OF CASH AND CASH|||EQUIVALENTS||||||||
|||||||||||2022|2021|
||||||||||||E|
||Cash in hand|||||||||154,949|267,116|
||TOTAL CASH AND|CASH EQUIVALENTS||||||||154,949|267,116|
|24.|ANALYSIS OF CHANGES||IN NET|DEBT||||||||
||||||||||At 1||At 31|
||||||||||January||December|
||||||||||2022
8|Cash flows
6|2022f|
||Cash at bank and in|hand|||||||267,116|(112,167)|154,949|
||||||||||267,116|(112,167)|164,949|
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