Company registratlon number.. 07807252 Charlty reglstratlon number.. 1147492 Campaign for Science and Engineering IA company limlted by guarantee) Annual Report and Flnancial Statement5 for the Year Ended 31 March 2024 Fleld Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB
Campalgn for klence and Englneering Contents Reference and Admintstratlve Oetai15 Tru5tees' Report 2to7 Independent Examiner's Report 8t09 statement of Flnancial Actwities io Balance Sheet li Notes to the Flnanclal Statements 12to22
Campalgn foi Sclence and Englneerlng Reference and Admlnlstratlve Deta115 Trustees Dr Stephen Breslln Dr 8ryony Butland Dr Mark Downs Di Helen Ewles Perdltè Fraser Professor Klm Graham Slnead Hesp Jane Hu8hes Catherlne Johns Professor Andrew lone5 Rohinton Mobed David Parlrey Professor Mark Price Dr Robert Sorrell Professor Lesley Yellowlee5 1147492 Charlty Re8lstiatlon Number Company Reg15ti*lon Number 07807252 Reglsterèd Offlce l Naoroll stet London WCIXOGB Independent Examlner Fleld Sulllvan Umlted 9 Hare & Blllet Road Blackheath SE3 OA8 Bankers The Cooperalive Bank l Balloon Street Manchester M60 4EP Page I
Campaign for Science and Engineertng Trustees, Report The trustees, who are directors for the purposes of company law. present the annu81 report together with the financial statements and audltors, report of the charltable company lor the year ended 31 March 2024. Oblectlves and activities The Purposes of the Charlty The Campalgn for Sclence & Engineering ICaSEI works to put science and en8ineerin8 at the heart ol the UK'S future. CaSE collaborates with Its members, partners and the publlc to lend its clear, expert volce to declsions about science and englneerlng. By offerln8 responsive and non-partlsan solutions, it aims to help research and Innovatlon In the UK to thrlve in a way that irnproves people's Ilves and Ilvelihoods. Publlc Benellt Statement The objett of CaSE Is to promote sclence and engineerlng and to hi8hlSght the Importan of these flelds, Intluding by investlgatlng and comment, for the publlc benefit, on any proposals and actions of IndSviduals. organisations. companles. an(S governments, In the European Union, and particular HIS Majesty's Government In the United Kingdom, especially wlthln the following areas a5 they apply to science and en8ineering.' research and development fundlng.. education,. the use of science and engineerln@ for publlc pollcy,. dlversity,. and economlc issues. The Trustees conflrm that they have complled wlth the duty In Sectlon 17 of the Charitles Act 2011 to have due regard for the Charity Commi5s1on's general guldanco on publlc benellt,'Charltles and Publlc Benellt.. The Maln Acllvltle5 of thè Charlty We achleve our objectives through ongolng research, events and communlcatlon work. For example, In the past year, CaSE publi5hin8 a report in June 2023 on Investment in people and skills, cruclal to a more re5ea¥ch-intensive UK economy. bèsed on slgnillcant research and work wlth Its members. CaSE then went on to hold a selle5 of roundtables wlth its members and others to discuss challen8es and policy solutions to further encourage business investment in R&D. CaSE's Discovery Decade programme - funded wlth a slgnlflcant grant from Welleome continued to work with the polllng and research agency Public First to deliver a major study of public opinion on R&D with a poll focused on terminology in October 2023. Over the course of 2023-24 the project published a series of briefin dSge5tin8 the findin85 of thi5 extensive research. In additlon, CaSE developed a Guide for En8a8ing the Public and a Gulde for Engaglng Polltlclans, representing the start of an A_dvocacy Todklt whlch aim5 to support R&D advocates engaglng wlth different audlence5. Other areas ol CaSE's work thls year have Included R&D Investment, the UK'S relationship wlth Europe on science, and publlc attitudes to R&D for global good. CaSE ha5 influenced policy through one-to-one meetlnBS wlth MPS, mlnisters, civil servants, and other political figures, as well a5 through writing articles and 8ivlng speeches or talks, often at events open to the publlc. For example, In November, the science and engineering communlty cème together for the 2023 CaSE Annual Lecture. The lecture, tltled "Sclence Advlce to Government" was given by the Government Chlef Sclentlflc Advlser, Professor Dame Angela McLean at the Stlenee Museum In London. l. A¢hlèvements and performance In addib'on to the a¢t+vltles mentloned above. CaSE has campalÉned on a wlde range of15sues Iwer the period April 2023 to March 2024 to ensure that science and engineering is at the heart of the UK'S future. Page 2
Campalgn for Sclence and Englneerlng Trustee5' Report Achievements from 2023-24.. Publlshed a repoit on'The Skills Opportunlty.. Bulldln8 a more Innovatlve UK,. Fu¥ther extended oui landmark study of public attitudes towards R&D throu8h our Discovery Decade programme, which has been well recelved across the R&D sector. Secured UK associatlon to Horizon Europe to UK R&0. alongside others in the R&D sertor, after a long campaign. Secured a Grant of over £IOO,000 from the Nill and Mellnda Gates Foundation to deliver 3 data-led me5S3gin8 Strategy foT UK-based R&D wlth a global impact. Secured addltlonal fundlng of c.£350,000 from WellcomE to éxtend the Discovery Decade pro8ramme to cover the UK General Election period. Numerous events In the sector where CaSE had a speaklng role.. engaging with members, politicians, officials, and the wider sector to share our research and to inform government declslons. CaSE'5 a¢tlvitles in 5peclflc areas Include.. CaSE publishlng a report in June 2023 on Investment In people and skills, crucSal to a more research-intenslve UK economy, based on slgnlflcant research and work w6th Its members. Thi5 report set out some of the challenges for education and skills provision acioss the UK. It made recommendations for government to support high-quality education and skills provi5ton to build a more research and Innovatlon Intenswe economy. Hoylzon Europe Following a long campaign by CaSE, alongside partners in the sector. the UK Government and the European Commissior a8reed a deal to allow UK researchers to fully participate in the Horizon Europe research fundlng programme on the same terms as researchers from other as50clated countries. This is a Breal 5ucce55 for CaSE and for R&D in the LIK. Imrnigration CaSE worked to hSghllght how a serles of Immlgratlon and vlsa chanÉes, Includlng increased vlsa fees, Introduced by the Government would have seiles negative consequences for the UK R&D sector. Thls Included a number of analysls pieces on the Impact change5 could have, and medla engagement stjch as a letter to The Times newspaper. Publlc oplnlon research.. CaSE further extended Its publlc oplnlon research wlth a poll focused on terminology in October 2023, and over the course of 2023-24 published a serie5 of brieflngs dlgesting the flndings ol this extensive research. In addition, CaSE developed a Guide for Engaging the Publi£ and a Guide lor Engaglng Pollticlans, representing the start of an Advocac Toolklt which alms to SUPPOft R&D advocates engaging with different audiences. Page 3
Campalgn for Science and Engineerin8 Tru5tees' Report People's Vlslon for R&D: To strengthen and support our publSc attltudes pollin& CaSE commissloned a p¢tblic dialogue exercise to explore the publids sense of ownershlp or a8ency in R&D, and whether the public want more Involvement OPPQTtunitles. The project commenced with a series of settor-facing workshops in January and February 2024 involving 50 organisations, which aimed to seek advice and Input that CaSE could use to shape the design of the public dialoBue 5e5slons. The findlngs from the workshops were published in a re ort in A ril 2024 ahead ol the public dlscussiorss to be held In May 2024. The results of thi5 work will be publlshed In Septembe¥ 2024. R&D and Global Good5: In Oecember 2023, taSE secured a Erant from the Bill and Melinda_G_ates Foundation to deliver a data-led rressaging strategy for UK-based R&D wlth a global impatl. Over the tourse of the followlng months. Thls project builds on the model developed In the wlder Dlscovery Decade programme, and offers an oppoitunlty to explore the unique ehallenges and opportunStles In thls speclfic type of R&D. CaSE ha5 convened a coalltlon of partner5 wlth an interest In this area, and will be worklng with them to develop a publlc opSnlon research programme, explore the results and craft a public-faclng messaglng strategy. The results ol this work will be reported in late 2024. Place-basèd mèssaglng strate8les In the latter half of 2023, CaSE held workshop5 in Stevenage, Greater Manchester and Belfast to pilot a model for creatlng place-based R&D messagin8 StrateBles. This saw CaSE convenin8 a targeted group of local or8anisations, and worklng with them to develop evidence-led me55aging 5tr3te8le5, which were then brou8ht to Ilfe In a serles of illustrative campalgn assets produced by CaSE's creative agency partners, Luna 9. The results of this work will be Combined wlth wider Inslghts Into place-making in a report due lo be published In late 2024. Communlcatlons CaSE commented on many of these issues in the media, with 61 mentions over th15 eriod Sncludlng nationals news Outlets 88C News, the Financial Times, The Times, Times Radio, and LBC, as well as sector publlcations Research Fortnight and Times Higher Education. CèSE had a large amount of medla engagement across July and September dvrlng coverage of the UK'S association to Horizon Europe. CaSE's Executive Director at the tlme. Sarah Main, made multip.le broad_cast media app.earance5 on thi5 Story followlng the UK'S re-association. Another major news story In this perlod was skllled Immigration to the UK, CaSE wrote a letter to Th_e Times in july and saw coverage In March from our Imm5 fation_brlefln8. Also in Maich, CaSE In ¢ollaborated with 30 other leaders of the UK R&D sector to Issue a olnt Statement of Du¥ united posltlon on the Importance ol R&D for the UK. This statement received strong support amongst the sector. Our evidence, analysls and recommendations have been cited in numerou5 Parliamentary reports. Ca5E also held over 65 meetin8S Wlth membeis plus dozen5 01 meeting5 Wlth politlclans. civil seFvants. speclal advlsor5, the medla, and the wlder stlence and englneertng pollry communlty. The number of webslte vSsltors in this period was around 65,000. CaSE a150 sènds it5 monthly newsletter to nearly 2,000 contacts, has 37,orx) ftsllowers on X (formerly Tw5tterl. CaSE's Llnkedln following has grown from 1000 a year ago to, nearly 2000 at the end of this period, further expanding the reach ol CaSE's work. Page 4
Campalgn forsclence and Englneerlng Trustees, Report 2. Flnahcl¥l revlew CaSE recelves funding in the form of subscriptions from a significant number of members who are both Indlvlduals 14301 and organlsatlons 11071. Therefore. Intome stream5 are robust as no one rnember is significantly Important to the overall income stream. Outgoings (excluding the Olscovery Decade progrèmmel are dominated by staff cost5 of around 90%. The Charlty recelved a slgnillcant grant from the Blll and Mellnda Gates Foundatlon of £104,000 for a specific project. CaSE contlnued work on the Dlscovery Decade programme funded by a £l.Im grant over 3 years from Wellcome. The grant started on 17 May 2021. The grant was extended to 31 December 2024 with an addStlonal £330,000 funding on 24January 2024. This meant that there was a balance of £222,343 on unrestrlcted funds for the year ended 31 March 2024 of £915.791. the balance of net lunds as at that date belng £112,101 (£149,994 restrlcted, 1£37,8931 nrestrlctedl. Pollcy on Reserves The Trustees revlew the reserves pollcy perlodScally as a part of the overall risk management of CaSE, and to ensu it remains appropriate. Within this revlew the Trustees will conslder the potential impact of any change In flnancial structure, such as the introductlon of any lon8-terni contractual arrangements, e.g. for office accommodatlon. Free reserves are malntained to ensure sufflcient worklng capltal, to cover any temporary shortfalls in income. to a15ow for tapltal expend&ture and Investment, and to cover any unforeseen spending requirements or Ilnanclal Issues. The Trustees con51der that reserves should be maintalned at a sufflclent level to contlnue commllted actlvlties in the event of a slgniflcant shortfall between Income and expendlture, and conslder an Ideal level of reserves to be 6 months of planned core expendlture, withln a range of 3 months above or below th15 level. Free reserves as at 31 March 2024 amounted to 222,343 iepresentlng approxlmately 6 months of core expenditure. This 15 above the policy 3s determined by the Trustees, leaving CaSE In a strong financlal positlon goSng Snto the 2023-24 fSnanclal year. 3. Strurturèl governancè and management CaSE Is a charlty and company limlted by guarantee. It Is govemed by Articles of Association and 8ye-Laws. CaSE Artlcles of AssocSatlon state that the Board of Dlrectors can have up to 15 DlrÈctors at any tlme. A Nomlnations and Appolntment5 Committee, compilsing selected members of the Board of Dlrectors, meets regularly. They undertèke suctes51on plannln& assess the needs of the Board and oversee the nominatlons and appointments process, executed by the Executlve Team. Under the provislons of the Artlcles of Associatlon, the Direttors may appolnt a person who Is willin8 to act to be a dirertof. A Directoi shall take office at the concluslon of the Annual General Meeting at whlch he or she Is elected, when the retlrln8 Directors shall retire. A Director appointed by a resolutlon of the other Directors must retlre at the next annual general meetln8 bul may be re-appointed at thi5 meeting and ffom this polnt may serve a full term of office. Page 5
Campaign for Science and Engineering Trustee5' Report The Board of Director5 elect three Offlcers of the Campaign.. a Chalr, a Deputy Chair and an Honorary Treasurer. The officers sh311 be elected by the Board Of Dlrectors from amongst the Dlrectors. Each ol dl the offlcers shall be elected by the Board of Director5 at the last meetin8 of the Board ol Dire£tors before the expiry of the Incumbent offlcerfs term. or If the offlce has otherwise been vacated, al the ext Board of Dlrectors meetlng after the vacancy arises. Jeremy Clayton left the board and Helen Ewles and Bryony Butland lolned the board at the AGM on 28th Novembec 2023 Exectstive Olrector Professor sarah Main left her posltlon at CaSE In November 2023. The Board of Trustees agreed upon the use of all agenry to provlde a wide range of candidates for this imporiant role, and Odgers Berndt50n were appolntÈd. A robust process was agreed for the recrultment led bv chalr of the Nomlnatlons and Appointments committee Ron Mobed. Equallty and dlversity were central to the process. There were in the region of 25-30 applicant5 for the role and six people were shortlisted for interview. The chosen candidate Dr Allcla Greated was declded upon unanlmously by the selection panel. Dr Greated has extensive experience of strategic leadership and management in the R&D sector, Including as a CEO, both In the UK and overseas. She is also a Fellow of the Institution of Englneerlng and Technolo8y and holds a nurnber of advlsory role5 including as a member of the Royal Soclety's Stlenee. Industry and Translatlon Committee, and a member ol the Scottlsh Fundlng Councifs ISFCI Research and Knowledge Exchange Committee. Dr Greated took up the posltlon of Executive Director In April 2024. During the period between Prof Main's departure and Dr Greated's appointment the organlsatlon was led by Deputy Executive Director Dr Daniel Rathbone as Interim Executlve Director. 4. Reference and admlnlstratlve deta115 al The Campaign for Sclence and Engineering was registered as a charity (charity number 11474921 on 29 Mav 2012 ènd Incorporated under the Companie5 Act 2006 as a private company Ilmited by guarantee on 12 October 2011 (company ftumber 78072521. bl Address.. l Naoroll Street, London WCIX OGB cl Board of Trustees.. stephen 8reslin, ryony Butland lappointed 28 November 20231, Jeremy Clayton Ireslgned 28 November 20231, Mark Downs, Helen Ewles lappolnted 28 November 20231, Perdita Fraser, Kim Graham, Sinead Hesp, Jane Hughes, Cather¢ne Johns, Andrew Jones, Ron Mobed, Davld Parfiey, IHonorary freasurerl Page 6
Campalgn for Sclence and Englneerlng Trustees, Report Professor Mark Prl¢e. Dr Robert Sorrell Ichairl. Lesley Yellowlees, (Deputy Chalrl. Statement of Respon51bllltle5 The trustees (who are also the directors of Campaign lor Science and Engineering for the purposes of companv lawl are responsible lor preparing the trustees, report and the linancial statements in accordance with appllcable law and UnSted Kingdom Accounting Standards Iunlted Klngdom Generally Accepted Aceountlng PractScel, Includlng FRS 102 'The Flnancial Reportlng Standard appllcable In the UK and Republlc of Ireland" Company law requires the trustees to prepare flnancial statements lor each linancial year. Under company law the trustees must not approve the flnanclal statements unless they are satisfied that they give a true and fair view of the state of affairs of the charltable company and of the Incomlng resources and appllcatlon ol resources, includlng Its income and expenditure, of the charltable company for that perlod. In preparlng these flnanclal st8tementS. the trustees are requlred to.. select sultable accountlng policies and apply them con51stentlv,' observe ihe methods and prlnciples in the Charities SORP; make jud8ement5 and estimates that ale reasonable and prudent,. state whether applicable accounting standards, comprising FRS 102 have been followed, subject to anv material departures disclosed and explained in the financial statements,. and prepare the financial statements on the goin8 concern basis unless It is inappropriate to presume that the charitable company wTrll continue In business. The trustees are responslble for keeplng proper attountlng records that can d15¢1ose with reasonable accuracy at any tlme the financial positlon of the charitable company and enable them to ensure that the nancial statements comply with the Cornpanie5 Act 2006. They are also responsible for safeguarding the assets ol the charitaiile company and hence for taking reasonable steps for the prevention and detecllon of fraud alld other The trustees are re5ponslble for the malntenance and Integrity of the corporate and financial Informatlon Included on the charltable company'5 website. Lesislatlon Bovernlng the preparation and dlssemlnatlon ol flnanclal statements may dlffer from legislatlon in othei lurlsdictlons. The annual rep was approved by the tru5tee5 of the charity on 16 October 2024 and signed on its behalf by.. Davld Parfrey Trustee Page 7
Campaign for Science and Englneerlng Independent Examlner's Report to the trustees of Campaign for Science and Engineerlng I'the Company'l I report to the charity trustees (who are also Directors for the purpose of company lawl on my examination of the accounts ol the Campaign for Science and Engineeilng for the year ended 31 Marth 2024 which comprlse the Statement of Flnan¢ial AclSvities, the Balance Sheet and related notes. Thls report is made solely to the charity's trustees, as a body, in accoidance wlth sectlon 145 of the Charitles Act 2011. My work has been undertaken so that I mlght State to the cha¥it¢s trustees those matters l am requlred to state to them in thls report and for no other purpts5e. To the fvllest extent permitted by law, I do not accept or assume responsibility to anyone other than the charlty and the charltV5 trustees a5 a body, lor rny work, for this report, gr for the opinions I have formed. Responslbllltles and b351s of rèport As the charitws trustees of Campaign for Sclence and Englneerlng you ère responsible for the preparatlon of the accounts in accordance with the requirements of the Companies Act 20061'the 2rx)6 Act'l. Havlng satlsfied myself thèt the èccounts of Campaign for Science and Engineering are not requiTed to be audited under Part 16 of the 2006 Act and are ellgible for independent examination, I report in respect ol my examination of your charity's account5 as carried out under section 145 of the Charlties Act 20111'the 2011 Act'l. In carryin8 out my examlnatlon I have followed the Oirections Biven by the Charity Commission under sectlon 14515llbl of the 2011 Act. An Independent examlnation does hot involve gathering all the evidence that would be requlred In an audlt nd tonsequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limlted assurance that an independent examination can provide. Con5eguently l expre55 no opinion as to whether the flnanclal statements present a 'true and falrf vlew and my report Is Ilmlted to those specllrc matters set out In the Independent examinerfs statement. Independent exarnlner'5 Statement Since Campalgn for Sclence and Englneering'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 l am qualilred to undertake the examination because l am a member of Field Sullivan Limited, which is one of the Ilsted bodSes. have completed my examlnatlon. I confSrm that no matters have cOe to my attention in connection with the examlnatlon Blvin8 me cause to believe: l. accountlng records were not kept I respect of Campai8n for Science and Englneerln8 as requlred by sectlon 386 of the 2006 Act,. or 2. the accounts do not accord with those records,. or 3. the accounts do not comply wlth the accountlng requlrements of sEctlon 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, whlch is not è matter considered as part of ah independent examination.. or 4. the accounts have not been prepared In accordance with the methods and prlnclples of the Statement of Recommended Practlce for actountlng and reportlng by charities applicable to charities preparin8 their ccounts in accordance with the Financial ReportlnE Standard applicable in the UK and Republlc of Ireland IFRS 1021. Page 8
Campalgn for Sclen¢e and Englneerlng Independent Examiner's Report to the tiustees of Campalgn for Sclen¢e and Englneerlng I'the Company'l I have no Concerns and have come across no other matters in connectlon wlth the examlnatlon to whlch attention should be drawn In thls report In order to enablè a proper undèrsianding of the accounts to be reached. Tim Sullivan FCA Field Sulllvan Limited 9 Hare & Billet Road Blaekheath SE3 ORB Page 9
Campalgn for S¢len¢e and Englneerlng (Reglstratlon number: 07807252) Balance Sheet as at 31 March 2024 2024 2023 Note Flxed assets Intan8lble asset5 Tangible assets 23.919 2,953 43,676 2,541 io 26,872 46,217 Current assets Debtors li 790,201 299,482 769,204 144,285 Cash at bank and in hand 12 1,089,683 913.489 Credltors: Amounts fallln8 due wlthSn one year 13 1200,7641 156,0161 Net cu¥rent assèts 888.919 757,473 Net assets 915,791 803,690 Funds of the charity.. Restrlcted Intome funds Restricted funds 693.448 543,454 Unrestrlcted Income fund5 Unrestricted funds 222.343 260,236 Total funds 14 915,791 803,690 For the financial year endlng 31 March 2024 the charlty was entitled to exemption from audlt under sectlon 477 of the Companle5 Act 2006 relatlng to small companies. Dlrectors, re5ponslbilltles'. The members have not requlred the charlty to obtaln an audit of Its accounts for the year In question in accoidance with section 476,. and The d1CtorS acknowledge thelr responsibilities for complying wSth the requlrements of the Act with respect to accounting records and the preparatlon of accounts. The financlal statements on pages 10 to 22 were approved by thp trustee5, and authorlsed for Issue on 16 October 2024 and slgned on their behalf by.. Davld Parfrey Trustee The notes on pages 12 to 22 form an Integral part of these flnanclal statements. Page 11
Campalgn for Sclence and Englneerlng Notes to the Flnanclal Statements for the Year Ended 31 Maich 2024 I Charlty status The tharity is limited by guarantee. Incorporated in, and consequently does not have share capital. Eèch of the trustees Is liable to cont¥lbute an amount not exteedlng £1 towards the assets of the ch3Tlly the event of 1Squidatlon. The address of it5 registered office 15.. l Naoroji Street London WCIX OGB These flnancial statèments were authorised for Issue by the trustees on 16 Octobèr 2024. 2 Accountln8 pollcles Summary of 55gnlflcant a¢¢ountln8 pollcle5 and key accountln8 estlmates The principal accountlmg policies applied In the preparatlon ol these financlal statements are set out below. These policles have been consistently applied to all the years presented. unless otherwlse stated. Statement of tompllance The flnancSal 5ta¢ements have been prepared in atcordance wlth Accountin8 and Reportlng by Charlties.. Statement of Recommended Practice applicable to charities preparin8 their accounts In accordance with the Flnanclal Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 1021 (effective l January 20191 (Charities SORP IFRS 1021 Second edltlon October 20191, the Financlal Repoiting St3ndard appllcable in the UK and Republlc of Ireland IFRS 1021. They also comply wlth the Companies Act 2006 and Charltles Act 2011. Basls of preparatlon Cèmpalgn for Science and Engineering meet5 the deflnltlon of a public benefit ent5ty under FRS 102. Assets and liabi1Sties are initially recognised at historlcal cost or transaction value unless otherwlse stated In the relevant accountlng policy notes. Golng concèrn The tntstees conslder that there are no materlal uncertalnties 8bout the charlty's ablllty to continue as a going concern nor any 51gnlfltant areas of uncertalnty that affect the carrylng value of a5set5 held by the charitv. Page 12
Campalgn for Sclence and Englneerlng Notes to the Flnanclal Statements forthe Year Ended 31 March 2024 Jud8ements and key sources of estlmatlon uncertalnty In the applicatlon of the charitvs accounting policies, the directos are required to make ludgement5, estimates and assumptions about the c3rryin8 amount of a55ets and liabilitles that are not readlly apparent from other sources. The estimates and assoclèted a5sumption5 are based on historScal eKperlence and other factors that are consldered to be relevant. Actual results may differ from these estlmates. The estlmates and underlying assumptions are revlewed on an ongoing basis. Rev15ion5 to accountlng estimates are recognised In the periods in whlch the estimate is revlsed where revisSons affects only that period, or in the period ol the revlsion and future perSods where the revlsions affects both current and future perlods. Income and endowment5 Delerredlncome Deferied Income represents amounts received for future period5 and Is released to incomlng resources in the perlod for whlch, It has been recelved. Such income is only deferred when: - The donor speclfles that the Brant or donatlon must only be used In future accounting perlods- or - The donor has imposed condltions whlch must be met before the charSty has uncondFtlonal entltlement. Expendlture All expenditure is reco8nlsed once there Is a le8al or constructive obllgatlon to that expenditure, it is probable settlement is required and the amount can be measured rellably. All costs are allocated to the applicable expenditure headlng that aggregate simllar costs to that category. Where costs cannot be directly attrlbuted to partlcular headings they have been allocated on a basls consistent with the vse of resource5, wlth central staff cost5 allocated on the basls of time spent, and depreciation charge5 allocated on the portion of the assevs use. other support costs are allocated based on the Spread of staff costs. Churltuble actlvltles Charitable expenditure comprlses those costs Incurred by the charlty In the delivery of Its actlvlties 3nd services for Sts beneficiaries. It Includes both costs that can be allocated directly to such acllvitle5 and those costs of an indirect nature necessary to svpport them. Support costs Support costs include central lunctlon5 and have been allocated to actlvlty cost categories on a basls con51Stent wlth the vse ol resources, foi example. allo¢atln8 property cost5 by floor areas. or per caplta, stam costs by the tlme spent and other cost5 by thelr usage. Taxatlon The charlty Is consldered to pass the tests set out in Paragraph I Schedule 6 of the Finance Aet 2010 and therefore it meets the deflnltlon of a tharitable company for UK corporation tax purposes. Accordlngly, the charlty Is potentSally exempt from taxatlon In respect of income or capital gains receSved within categorles covered by Chapter 3 Part 11 ol the Corporation Tax Act 2010 or Sectlon 256 of the TaxatOn of Chargeable Gains Act 1992, to the extent that such Income or gains are applied excluslvely to charltable purp05e5. Page 13
Campalgn for Sclence and Engineering Note5 to the Flnanclal Statements for the Year Ended 31 Maych 2024 Intall8lble assets Intangtble a5set5 3re stated in the Balan Sheet at cost less accumulated amortlsatlon and Impalrment. Thev are amortised on a strèlght line basis over their estimated useful Ilves. ranglble flxed a55ets Indlvldual flxed assets costing E500.(Xl or more are inittally recorded at cost. Amortisatlon Amortlsation Is provlded on Intanglble flxed assets 50 as to write off the cost, less any estlmated residual value, over thelr expected useful economlc Ilfe as follows: Asset class Webslte development Amortlsatlon Method arld rate 33% straight line basis Depreclatlon and amortlsatlon Oepreciatlon is provided on tanglble fixed assets so as to wrlte off the cost or valuation, less any estlmated resldual valuè, over thelr expected useful economlc Ilfe as follows: Asset c1355 Office equipment Depre¢latlon method and rate 33% straight line basis Resear¢h and devèlopment Development ÈXpendllU Incurred on an indivldual project Is carrled forward when it5 futufe recoverabllltv can reasonably be regarded as assured. Any expendlture carrled forwaTd Is amortised In Ilne wlth the expected future income from the related project. Trade debtors Trade debtors are amounts due from customers for merchandlse sold or *rvlces performed In the ordlnary course of business. Trade debtors are recognlsed Inltlally at the transactlon prlce. They are Subsequently measured at arnortised cost using the eflectlve Snterest method, less provi51on for impalrment. A provlslon for the impairment of tradè debtors is establlshed when the Is objective evidence that the charlty wlll not be able to collect all amount5 due according to the orlglnal terms of the re¢elvables. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposit5, and other 5hort-teTm hlghly Ilquld Snvestments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change Sn value. PaEe 14
Campaign for Sclence and Engineering Notes to the Flnanclal Statements forthe Year Ended 31 March 2024 Trade credltors T¥ade credltors are obllBatlons to pay for good5 or servlces that have been acquired In the ordinary course of buslnes5 from supplier5. Accounts payable are classlfled as Current liabillties if the charlty dtses not have an uncondltlonal rlght, al the end of the reporting period, to defer settlement of the creditor for at least twelve months alter the reporting date. If there Is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented ès non-current liabilities. Trade creditors are recognlsed Initlally at the transaction price and subsequently measured at amort15ed cost usin8 the effective interest method. Fund strurture Unrestricted income funds are general funds that are avallable for use at the trustees dlscretlon In furtherance of the objectives of the charity. Restricted Income fund5 are those donated for use In a partlcular area oi for specifSc purposes, the use of whlch Is restricted to that area or purpose, a Income from charltable a¢tlvltles Unrestrlctèd Total 2024 Total 2023 Restrfcted Appeals and donatlons Subscriptlons Sponsorship Gifts in klnd Project- Gatsby Roundtable Wellcome- Dlscovery Decade Gates Foundation 21 21 332.842 70,000 14,300 332,842 70,000 14,300 304,459 32,)0 8,370 6,000 330.389 108.963 330,389 108,963 417,163 439,352 856,515 350,829 Page IS
Campalgn for Sclence and Englneerlng Notes to the Flnanclal Statements for the Year Ended 31 March 2024 4 Expenditure on charitable actlvlties Total 2024 Total 2023 Note Consultancy Sundries 77.753 489 254,194 2.952 27,J0 4,309 5,574 5,954 5,239 451,081 72,900 DEbate5, forums and lectures Travel and Subsistence Advertlslng Legal and prtsfÈsslonal Reference materials Staff cost5 27,732 7,923 8,010 312 549,357 72,838 Support costs 744,414 829,203 An integral part ol the Wellcome-funded Dlscovery Decade programme ha5 been the commi551onln8 of external agencies to deliver extensive publlt pollln8 worl and eatIve desl8n services to build up campalgn assets for the programme. These are classified under'consultancy, in expendStuie. 5 Analysls ol support Costs Total 2024 Total 2023 Depreciation. amortisation and other 51milar c05t5 Rent 25,622 18,104 201 24,278 14,760 73 Telephone and fax Computer software and malnlenance Prlntlngi Postage and statlonery Cost of trustee meeting5 Member and Stakeholder meetlngs Independent examlDation Bad debts written off Bank charges Flnance 6.158 1,005 5,565 I,9 JJ 758 2,013 3,779 1,842 9,834 147 5,466 1,896 2,635 193 10,800 9,600 72.838 72,900 Page 16
Campalgn for S¢lence and Engineerlng Notes to the Flnanclal Statements foy the Year Ended 31 March 2024 6 Trustees rèmuneratlon and expenses During the year the charity made the followlng transactions with trustees.. Durlng the year the trustees recieved relmbursments of £6SO12023'. £1,131.17) and Incvrred travel expense5 personally of £65012023.. EI.131.171. 7 Staff costs The a88re8ate payroll costs were as follows: 2024 2023 staff costs durlng the arwere. Wages and salarles Soclal securlty costs Pension ¢0sts Other stsff costs 420,208 39,449 47,499 42,201 358,870 34,927 52,133 5,151 549,357 451,081 Expenditure on staff cost5 has Increased In the year due to addltlonal staff, and fewer vacancles compared to the prevlous year. The monthly average number of persons Ilncludlng 5enlor man38ement / leadershlp team) employed by the charSty durlnB the year Expressed as full time equlvalents was as follows.. 2024 No 2023 No Charltable attlvltles 12 io 1212023- 101 of the at)ove employees partlclpated In the Deflned Contributlon Pension Schemes. The number of employees whose emoluments fell wlthln the followln8 band5 was.. 2024 No 2023 No £70.001- £80,000 £80,001- £90,000 £90.001- £100,000 The total employee benefits ol the key manaÈement personnel of the charlty were £179,377 12023 £186,197). Pa8e 17
Campalgn forsclence and Englneerlng Notes to the Flnanclal Statements for the Year Ended 31 Mawch 2024 8 T3x*lon The Charity is è reglstered charlty and Is therefore exempt from taxatlon. 9 Intanglble flxed assets Research and development Total C05t At l April 2023 Additions 65,514 3,121 65.514 3,121 At 31 Ma¥ch 2024 68,635 68.635 Amort15ation At l April 2023 Char8e lor the year 21,838 22,878 21,838 22,878 At 31 March 2024 44,716 44,716 Net book value At 31 March 2024 23,919 23,919 At 31 Maich 2023 43,676 43,676 10 Tanglble fixed assets Furnlture and equÉpmènt Total Cost At l April 2023 Addltlons 5,079 3,153 5,079 3.153 At 31 March 2024 8.232 8,232 Depreclatlon At l April 2023 Charge for the year 2,535 2,744 2,535 2.744 At 31 March 2024 5,279 5,279 Net book value At 31 March 2024 2.9S3 2,953 At 31 March 2023 2,544 2,544 Page 18
Campalgtt for Sclence and Englneerlng Notes to the Financial Statements for the Year Ended 31 March 2024 11 Debtors 2024 2023 Trade debtors 112,955 489 35,955 683 Prepayments Accrued Income other debtors 673,264 3.493 732,566 790,201 769,204 12 Cash and tash èqulvalents 2024 2023 Cash at bank 299,482 144,285 13 Credltots., amounts falllng due wlthln one year 2024 2023 Trade credltors Other taxatlon and soclal securltv Other credltors Acciuals Deferred income 18,019 10,681 4,810 1,896 16S,358 151 12,046 4,769 1.842 137.2()8 200,764 156,016 Page 19
Campalgn for Science and Engineerlng Notes to the Flnanclal Statements for the Year Ended 31 March 2024 14 Funds Balance at I Aprll 2023 Intomlng resources Resources èxpended 8alancè at 31 March 2024 Current Period Unfe5trktèd General General Funds 260,236 417,163 1455,0561 222,343 Restricted Wellcome- Dlscovery Decade Gates Foundatlo 543,454 330,389 108,963 1284,6001 14.7S81 589,243 104,205 543,454 439,352 1289,3581 693,448 Total funds 803,690 856.515 744,4141 915,791 Balante at I Aprll 2022 Incomln8 resources Resourtes expended Balance at 31 March 2023 Prlor Perlod Unrestrlcted Genernl Geneial Funds 249,650 344.829 1334,2431 260,236 Restrlcted Wellcome- Discovery Oecade Project- Gatsby Roundtable 1,032,414 1488,9601 16,0001 494,9601 543,454 6,000 1,032.414 6,000 543,454 Total fvnds 1,282,064 350,829 1829,2031 803,690 Page 20
Campalgn for Science and Englneerlng Notes to the Financlal Statements forthe Year Ended 31 March 2024 The specific purposes for which the funds are to be applied are as follows: Wellcome fund solely and uniquely funds the 'Dlscovery Oe¢ade' prolett, Includlng staff costs, overheads and actlvlty costs. The project is exploring public perceptlons on R&D. to help Identify the termlnology and points of connectlon that can help R&D messages reaeh new audience5. The fund Is pald to CaSE quarterfy In airears based on expendlture. It Ss distlnct from membershlp fees whlch support CaSE's core business. The Gatsby Roundtable project was part of the work CaSE undertook on the skllls needs of a more research intensive UK. The Gatsby Fovndation piovlded a Brant to support a roundtable on Apprenticeships. Gates Foundation.. Buildin8 from the Dlscovery Decade advocacy model, CaSE 15 dellverlng a grant-funded project for the Bill and Melinda Gates Foundatlon to develop a data-led publ1¢ me$5aging strategy to better convey the value of UK-based R&D wlth a global Impact. 15 Analysls of net assets between fund5 Unrestrlcted funds General Total fuftds at 31 March 2024 Re5trlcted funds Current Perlod Intangible flxed assets Tanglble fixed as5et5 Curlent assets 23,919 2,953 396,235 1200,7641 23,919 2,953 1,089,683 1200,7641 693,448 Total net asset5 222.343 693,448 915,791 Unrè5trltted funds General Total funds at 31 March 20Z3 Restrirted funds Prlor Perlod Intangible fixed assets Tangible fixed assets Current assets 43,676 2,541 370,035 156.0161 43,676 2,541 913,489 1156.0161 543.454 Total net asset5 260,236 543,454 803,690 Page 21
Campalgn forSclen¢e and Englneerlng Notes to the Flnancial Statements for the Year Ended 31 March 2024 16 Related partytransactlons Durlng the year the charity made the followiFig related party tran53rtlons: Royal Soclety of Blolo8Y IDr Mark Down5, a trustee, Is also Chlef Executlve of the Royal Society of Biologvl During the year, the charlty entered into agreements wlth the Royal Soclety of Biology for the provislon of office Space and finance services, on an arm5 length basis, that totalled £26,640 12023.. £11,516). At the balance sheet date the amount due to/from Royal Society of Biology was £Nil12023- £Nill. Page 22