Company regislration number.. 07807252 Charity registrètion number.. 1147492 Campaign for Science and Engineering IA company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025 Fleld Sullivan limited 9 Hare & Billet Road Blackheath SE3 ORB
Campalgn for Science and Engineering Contents Refence and Administrative Details Trustee5' Report 2to7 Independent Auditors, Report 9t012 Statement of Financiil A¢tivities 13 Balance Sheet 14 Statement of Cash Flows 15 Notes to the FiTranoal Statements 16to28
Campaign for Sclence and Englneering Reference and Admlnistratlve Detalls Truttees Dr Stephen Breslin Dr Bryony Butland Dr Helen Ewle5 Perdira Fraser Slnead Hesp Catherine Johns Professor Andrew Jones Rohinton Mobed Katrina Nevin-Ridley Kerry O'callaghan David Parfrey Dr Shini Somarathne Dr Robert Sorrell Professor Le51ey Yellowlees tharity R•81gtrallon Numbtr 1147492 Q>mpany Reilstratim Number 07807252 Realered Office G06 Gloucester Building City St George's, University Of London Nc+rthampton Square ECIV OH8 Audltor Field Sullivan timited 9 Hare & Billet Road Blackhéath SE3 ORB Bwnkers The Ctstsperatlve Bank l Ballotsn Street Manchester M60 4EP Page I
Campaign for Scien¢e and Engineering Trustees, Report The trustees, who are directors for the purposes ol company law, present the annual report 108ether wlth the rinancièl statements and auditor5, report of the Charitab company for the year ended 31 March 2025. Campaign lor kience and Engineerlng ICaSEI is the leadlng independent voice for UK R&D. CaSE 15 3 charity supported by a diverse membership includin8 bu5ine5ses, universities. professional bodies. search charlties and individuals. It's members span the whcde breadth of R&O- including discovery research, scien. engineerln& and Innovation across the public, private, and tharitable sertors. CaSE collaborate5 with it's members, partners and the public to lend it's clear. expert voice to decisions about research and developrnent. It specialises in developing non-partlsan, responsive 501utions that help research and innovation to thrive in ways that improve people's lives and livelihoods. Publlt Benefit Statement The objeet of CaSE is to promote stlence and engineering and to highlight the importance of these fields, includin8 by investigating and comment. for the public benefit. on any proposals and actions of indlvidual5. organisations, companies, and government5. in the European Union. and particularly His Majesty's Government in the United Kingdom, especially within the following areas a5 they apply to science and engineering.. rèsÈard) and development fundin& education.. the use of Scien and engineerln8 for public policy,. diversity, and econornic issues. The Trustees confim that they have complied wlth the duty in SecLion 17 of the Charitie5 Act 2011 to have due regard for the Charity Commisslon's general guidance on public benefit, 'Charities and Public Benetiv. The Maln Artl¥hles of the Charity CèSE achieves its objective5 through on8oin8 research. events and communication work. For eXaMe, In the past year. CaSE publishin8 a report in February 2024 on the role of R&D in the Government's mi$5ions, based on si8nilicanl research and work with its members and hosted a ctsnfèrence to dlsseminate the outputs ol its public opinion work. The Wellcome Trust gfant that had supported CaSE's Oiscovery Decade pro8ramme came io an end in December 2024. CaSE was able to report the eMtenSNe aclNity that had been ènabled by the fundin8, intludin8 the development of a landmark new data source on public attitude5 to R&D. a portfolio ol free-to-use advocacy Materials, a range of place-focu5sed activlties. and a major campaign around the 2024 General E¢t)n. Alongside this grant reporting proce55. CaSE was successful In securing a furthe rnillion 5- ear ant from Wellcome that will help embed the public opinion work that is already undeti¥ay and reinforce CaSE's rolè in this area. Other areas of CaSE's work this year have included R&D Investment, the financial sustainability of university research and publit attitudes to R&D for global good. CaSE has influenced policy through one-tts-one meetings with MP5. ministers, civil servants, and other political figures. a5 well as through Wflting artides and giving speeches or tslks, often at events open to the public. For example, in December, the science and engineerin8 community came together for the 2024 CaSE Annual LectLFre, given by the Chief Executive of the Advanced Research and Inventlon Agency IARIAI at Imperial College. l. Achlevements and perfrAmante In addition to the activitTes mentioned above, CaSE has campaigned on a wlde range of issues over the period April 2024 to March 2025 to ensure that science and engineerin81S at the heart of the UK'S future. Page 2
Campalgn for Science and Engineeri Trustees, Report Achievements from 2024-25.. Published a report on 'Mission Critical R&ty. Further extended our landmark study of public attitudes toward5 ft&D throts8h our 0cOVery Decade prosramme, whlch ha5 been well recelved acr05S the R&D sector. Carried out an extsnsive work befgre and after the General Election to ensure the promSnence ol science and engineerin8 in the political debate and engaging with new MP5 and the new Government. Secureil a new Grant of over £2.6m from Wellcome to continue the publlc opinion work of the Discovery Decade programme and inte8rate it into all of CaSE work. Numerous events in the sector where CaSE hail a speakSn8 role.. engaging with members, pollticians. ofriaals. and the wider sector to share our research and to inform governmènt deasion5. CaSE's activities in specific areas intlude.. UnlversStles CaSE's brief1r Universities.. A crucial com onent of UK R&D drew on evidence from its university, buslness and charity members and other stakeholders. 8athered durin8 tsvo roundtables. The work highlights sly ttu¢ial benefits that unlversity-led R&D brin8S to the researth landscape and 50tiety more broadly. alongside illustrative case studies from acr055 the UK. This briefin8 was included in a letter tg the new Secreta of State for Education and will be informln8 a further collaborative briefing with UUK and ARMA on the risk5 that financial constralnts on UK universities pose to research base. Gener41 Eledii)n During the 2024 General Election campaign CaSE wrote to the leaders of all political parties zsking them to set out their position on issues relating to F&D. CaSE also published a 'Manlfesto for Science and En8ineering'. Co-ordinated a joint statemernt by the R&D settor on the importance of R&D and jointly or8ani5ed an Science, Innovation andTechnolo8y hustings with the Academies. The General Election offered the opportunity to nurture a new cohort of R&D supporters among elecled MPS. CaSE tonducied fresh polling of 6,000 in ihe run up to the General Election that explored politlcally salient issues as well as public support for MPS taking actions to support ft&D, and ran analysi5 to predict attitudes at a constituency level. These insights were used to develop a new 'Guide to R&D on the Doorstep. and engage parliamentsry candidates and MPS, demonstrating appetlte for local eonversations about R&D. CaSE's campaign retelved positive responses from across the political spectrum. generatin8 new relationships and folbw-on meetings with MPS- Including with those who would not normally have been on CaSE's radar as likely 5UPPOrters of R&D. R&D Mlsslons Report CaSE publlshed a report in February 2024 on the role of R&D ih the Government's missions. based on $18nificant research and work with it5 rnembers. As part of this pmject, CaSE tonducted research explorin8 public opinion attitudes to R&D and the Government's Missions. CèSE polled the opinions of 3,258 UK adults In September 2024, the results of which were woven into the policy discussions CaSE carried out with members and stakeholders acrw the UK in October ind November. AlonÉside the results from tw¢ focus groups, this research wa5 published in 2025 and fed into both the final policy report and CaSE'5 submisSlQlI to the 2025 Spendlng Revlew. Page 3
Campaign for Sclence and Engineering Trustees, Report E Conference: Molin9 R&D Mrtterto MorvPeople In September. CaSE h05ted a sector-wide conferenee at the iconic Rtsyal Institution. er l(1) dele8ates from CaSE members and gther R&D or8anisations joined a busy agenda that explored the current and future onnection between R&D and public audientes, and prartrcal tools for closin8 the gap. The day culminated in a keynote from the Secretary ol State fix Science, Innovation, and Technology, Rt Hon Peter Kyle MP. and a panel discussion exploring the political realities of getting R&D onto the governmenys agenda. People's Vlslon for R&D CaSE ¢ommissSoned the National Centre lor Social Research and the National Co-ordinatinB Centre for Public Engagement INCCPEI to run a public dlalD8ue exercise exploring the publit's sense of ownership and agency in R&D. focusing on involvemertt. Some 33 members of the publit participated in ten hours of dialogue across four online 5ession5. hearing from subjett specSallsts and considering different examples 01 involvemenL They collaboratively developed the People's Princlples lor Involvement in R&D, which describe how the public can be meaningfully and puip05efully involved in R&D. The Te rt was ublished Se tember 2024 ènd the results discussed at the CaSE conference. including a pat)el involving two public participants. connect0 R&0 and Hace CaSE is workin8 to stren8then the connertlon between R&D and local communities, includirq through three pilot studies that broughl together local or8ani5ations to develop messaging strategies and illustrative campaign ideas. The Stevenage pilot led to CaSE delivering a ublic billboard carn n in Stevena e and Kin Cross stations in partnership with Airbus. G5K and Stevena8e Borou8h Council. A new CZSE report - Peo and Pla$.. How to ut R&D on the ma refle¢ts on our work $0 far and offers rectxnmendations to support the R&D Sector to embed R&D as part of an area's identity. En8aAlng the publlc about Blob•l-facln8 R&D Supported by a major grant from the Bill & Melinda Gates Foundation, CaSE designed and led a project to ex rethe lobal im ct ol UK-based R&D and how best to conve its value to UK ublic audiences. This project builds on CaSE'5 publit oplnion programme and ttsnvened expert stakeholders- including GSL Malaria No More. the Met Office and the Open University amon8 Others to identify gaps in our understanding of public attitudes to global-facing R&D and collaboratively develop public me5s38ing stfate8ies and accompanyin8 resources. Communitations SE tommented on many of these issues in the media. with 71 mentions over this eriod including nationals news outlets the Financial Time5. The fimes, the Guardian. Polttico, and the Telegraph. as well as sertor publlcations Research Fortnighr and fimes Higher Education, CaSE had a large amount of media enga8ement around major fSscal events in Ortober, Sncludin8 a 5ucce5slul campai8n to mitl8ate potential cuts to the R&D budget, spear headed by a oint letter of anised b CaSE and a subsequent letter to the fimes. CaSE was also hi8hly present in the medla before and during the general election in June and july. Our evidence, analysis and rett)mmendations have been cited Trn numerou5 Parliamentsry reports. CaSE also held over 65 mÈetin8S Wlth members plus dozens of rneetin8S Wlth politician5, cNiI Servants, special adviscsrs. the media, and the wider R&D policy community. The numbEr of website visits in thi5 period was around 97.[0. CaSE also Sends its monthty newsletter to 1,500 contacts, and ha5 a Linkedln followin8 which has grown from nearly 2000 a year ago to. over 3,100 at the end ol thls perlod, further expandin8 the reach ol CaSE's work. Page 4
Campalgn for Sclence and Engineerln8 Tru$tees' Report 2. financlal rle CaSE receives funding in the lorm of subscriptions from a significant number of members who are both individuals 14181 and organisations 1961. Therefore, income stream5 are robust as no one mernber Is significantly imporn1 to the overall income stream. Outgoings (excludin8 the Grant pro8rammel are dominated by staff costs of around 90%. Flurtuations in MemrshIP in the 2024-25 financial year reflect the difficult financial circumstsnce5 of the R&D sector, in particular universities. The membership of 15 organi5atiens lapsed. However. despite the diffi¢ult circumstances the sector is in, CaSE also gained new members. New members included three Catapults (Cell and Gene Therapy Catapult, Compound Semicondurtor Applications Catapult, Innovate UK Catapult Nehvorkl, UK Centre for Ecolo8y & Hydrology, Brstish Neurosciente 50¢latIon. Carbon Technology Research Foundation, and Alzheimttr's Research UK. The total number of new members was 7. In total, CaSE's membership decreased by 8, from 104 to 96. However, the new rnembers paid on average higher fees than the lapsed member5. Meanin8 there was no net financial impart on CaSE's income. The Charity re¢eNed a sl8nificant 8rant from the Bi11 and Melinda Gates Foundation of £I04,Oc for 8 specific project in 2023-24 which was completed in 2024-25. CaSE continued work on the Discovery Decade programme funded by a £l.1rn grant over 3 years from Wellcome. The grant started on 17 May 2021. The 8rant Wa5 extended to 31 December 2024 with an additional £330.0 fundin8 on 24 January 2024. CaSE was successful in securing a lurther £2.76 million, 5-yèar grant from Welltome that will continue this work. This grant started in Ortober 2024. 7his meant th4t there was a deficit of £100,279 on unre5trirted funds for the year ended 31 March 2025 of a lotal of £1,891,074. the balance of net funds as at that datè being £2.80G.8621£2,684,798 restritted, £122,064 unre5trittedl. Increased expenditure in 2023124 and 2024125 were agreements madè by the Board to utilise reserves investing in CaSE's future. Polky on R*sèr¥es The Trustees revlew the reserves policy periodically 3$ a part of the overall risk management of CaSE. and to ensure it remain5 appropriate. Within this review the Trustees will consider the potential irnpart of any change in finanelal structure. suth a5 the introduction of any lon8-term contractu31 arrangements. e.g. for office actommodation. Free reserves are maintained to ensure sufficient workin8 capital, to tover any temporary shortfalls in income. to allow for capltal expenditure and investment. and to cover any unforeseen spendin8 reqU1MentS or financial issues. The Trustees consider that re5erve5 should be maintained at a sufficient level to continue committed attivities in the event of a si8nificant shortfall between income and expenditure, and consider an ideal level of reseNes to be 6 month5 of planned core expenditure. within a range of 3 months above or below this level. Free reserves as at 31 Marth 2025 amounted to £98,012 representing approximately 3 months of expected core eKpenditure. This is at the polity as determined by the Trustees, lewing CaSE in a siron8 financial positlon 80in8 into the 202ty25 financial year. Page 5
Carnpaign for S¢ien¢e and En8ineerlDg Trustees, Report Structure.g(Nernance and manalement CaSE is a ¢harity and company limited by Èuaraniee. It is govemed by Artides of Association and 8ye-Laws. CaSE Artitles of Associatlon state that the Board of olectorS can have up to 15 Drrectors at any time. A Nominatlons and Appointments Committee. comprisin8 selected mernber5 of the Board of Directors. meets regularly. They undertake successign plannin& assess the needs of the Board and oversee the nominations and appointments proeess, executed by the Executive Team. Under the provisions of the Articles of Assotiation, the Directors may appoint a person who Is willing to act to be a director. A Director shall take office at the conclusion of the Annual General Meetin6 at whith he or she is elected, when the retlrin8 Director5 shall retire. A Director appointed by a resolution of the other Directors must retire at the next annual general meeting but May be re-appointed at th meeting and from this potnt may seNe a full term ol offite. The Board of Dirertor5 elect three Officers of the Campaign; a Chair. a Deputy Chair and an Honorèry Treasurer. The officer5 shall be elected by the Board of Dlrectors from amongst the Dlrectors. Each of dl the officers shall be elected by the Board of Directors at the last meeting of the Board of Direttors before the expiry of the incumbent officerf5 term. or if the office has otherwise been vacated, at the next Board of Director5 meeting after the vacancy arise5. Kim Graharn. Jane Hu8hes and Mark Pricè left the board and Katrina Nevin-Rldley, Kerry O'callaghan and Shini Somara joined the board at the AGM on 26 November 2024. Dr Allcia Gated took up the position of Exècutive Director in April 2024. followin8 the departure of Prof Sarah Mairt in November 2023. During the perSod between Prof Main's departure and Dr Gaterf$ appointment the oryanisation was led by Deputy Executive Dirertor Dr Daniel Kathbone as nterim Executsve Dirertor. bl Following the appointment of Dr Greated CaSE carried out a refresh of its 2022-2029 strate8y in gl consultation with its member5 and wider stakeholder5. This builds on its success, sets us up for future opportunities. and will allow CaSE to maxirnise its value and impact in the next five yeors. CaSE moved to new offices hosted by Gty St Geor8e's. University of London in February 2025. The agreement with City StGeor8e's provides the office space at no financial tt)st to CaSE. Pa8e 6
Campaign for Sclence and Engrneering Trustees, Report Rthrenc• and admlnlstr*l¥e d¢talls Campai8n for Science and En8ineerin8 was registered as a charity (charity number 11474921 on 29 al May 2012 and incorporated under the Companie5 Act 2006 as a private company limited by 8uarantee on 12 October 2011 Icornpany number 78072521. Addre5s= Campaign for Science & Englneerln8 ICaSEI G06 Gloucester Building fjty St George's, Unwersity of London Northampton Square ECIV OHB cl Board olTrustees: Stephen Breslln, Bryony Butland. Mark Downs (resigned 30June 20251. Helen Ewles, bl Perdita Fraser, Kim Griham Iresigned 26 November 20241, 5inead Hesp, Jane Hughes Iresi8ned 26 November 20241, Catherine Johns, Andrew Jones, Ron Mobed, Katrina Nevin-Ridley lappointed 26 November 20241, Kerry IYCalla8han (appointed 26 November 20241. David Parfrey. IHonoraryTre35urerl Mark Price IsIgned 26 November 20241, Shini Somara13ppointed 26 November 20241, Robert Sorrell Ichairl, Lesley Yellowlees. (Deputy Chairl. Page 7
Campalgn for Science and Englneering Statement of Re5ponsibilitles The trustees (who are also the directors of Campaign forscience and Engineerin8 for the purposes of companv lawl are responsible for preparing the trustees. report and the financial statements in accordante wlth applicable law and United Kin8dom Accounting Stsndard5 (United Kingdom Generally Accepted Accountin8 Practice), includin8 FRS 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financlal statements for each financial year. Under company law the trustees must not apPre the financial ststements unless they are satisfied that they give a true and fair view of the state of aflairs ol the charitable company and ol the incomin8 resources and application of resources, including its income and expenditure. of the charitable ¢ompany for that period. In preparln8 these rinancial statements, the trustees are requlred to.. select suitable accounting pollues and applythem conslstentlw. observe the methods and principles in the Charlties SORP- make ludgements and estimates that are reasonable and prudent,. stste whether applicable accounting standards, comprising FRS 102 have been followed, subjett to anv matèrial departures disclosed and explained in the financial ststements: and prepare the financial statements on the going toncern basi5 unles5 It is inappropriate to presume that the charitable company will continue ift business. The trustees are responsible for keepin8 proper accountin8 records that tan disdose with reasonable accurary at any time the financial position of the tharitable company and enable them to ensure that the financial statements comply with the Companie5 Act 2006. They are a150 respovsible for safeguarding the assets of the charitsble company and hence for taking reasonable step5 for the prevention and detèction of fraud and other rregularitles. The trustees are responsible lor the maintenance and integrity of the corporate and financial information induded on the tharitable company's website. Legislation 8ovemin8 the preparation and dissemination of financi31 statements may differfrom legislation in other jurisdictions. Approveij by the trustees of the charity on 20 November 202S and signed on its behalf by.. David Partrey Trustee PaÈe 8
Campaign for Science and Englneering Independent Auditor'5 Report to the Members of Campaign for S¢lence and Engineerfng Oplnlon We have audited the finantial statements of Campaign for Science and Engineering (the 'charity'l for the year ended 31 March 2025, whith comprise the Statement of Financial Attlvities. 8alance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting pollcies. The financial reporting framework that has been applied in their preparztion is United Kingdom Accountin8 standards. comprising Charities SORP FRS 102 'The Financial Reporting Standard applicable in the UK and Republrc of Ireland, and applicable law Iunited Klngdom Generally Accepted Accounting Prarticel. In our opinlon the flnanclal 5tatements- 8ive a true and fair view of the state of the charity's affairs as at 31 March 2025 and of its incomlng resources and application of resources, Includin8 its income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Attepted Accounting Practice,. and have been prepared in accordante with the requirements of the Companies Act 2006. Basts for oplnlon We condurted our audit in accordan with International 5tandard5 on Auditln8 IUKI I1 IUKII and applicable law. Our responsibilitie5 under those standard5 are further described in ihe audltor responsibilities for the audit ol the finantlal statement5 section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant tg our audit of the financial statements in the UL indudin8 the FRCS Ethical Standard. znd we have fulfilled our other ethical responsibilities in accordance with these r¥uirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Concluslons relatin8 to &oing con¢ern In audltin8 the financial Statements, we have concluded thatthe trustee5 Use of the 80in8 concern basis of zctounting In the preparation of the financial statements 15 approprlate. Based on the work we have performed, we have not identified any material uncertainties relating to events or tonditions that, individually or collectivelyi may cast Sl8nificant doubt on the charity's ability to continue ès a going contern for a peri¢xl of at least twelve months from when the original financial statements weve authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to 8oin8 contèrn are described in the relevant 5ECt10115 of this report. Other intomiailon The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other infomation and, except to the extent otheNise explicitly stated in our Teport, we do not expres5 any form of assurance conclusion thereon. Pa8e 9
Campai8n for science and En8lneering Independent Audltor's Report to the Members of Campalgn for Sclence and Englneerln8 In connection with our audit of the financial ststements. our responsibility Is to read the other informailon and, in doing so, conslder whether the other information is materially incon5iStent with the financial statements or our knowledge obtained in the audit or otherwise appeals to be materially misstated. If we identify such material inconsistencie5 or apparent material rnisstatements, wè are required to determine whether there is a maierial misstatement in the financial 5tstement5 or a material misstatement of the other information. If, bad on the work we have performed, we conclude that there is a mate¥ial MlSStètement of thi5 Other inlormation, we are required to report that fart. We have nothing to repjrt in this reBard. Oplnlon on other matter prescrtbed by ihè CompaniesAtt 2Tr)6 In our opinion, based on the work undertsken in the course of the audit.. the information given in the Trustees, Report for the finanoal year for whlch the financial statements are prepared is con515tent with the financial statements.. and the Trustees, Report has been prepared in a¢cordance with applicable le8al re¢wirements. Matt•r5 on whith we are rtqulred to report by xceptk+n In the light of our knowled8e and understandiA8 of the charity and its environment obtained in the course of the audlt, we have not identifled materlal mItatements Sn the Trustees, Report. We have nothing to report in respect of the followin8 matters where the Companies Act 21X)6 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us; or the financlal statements are not in agreement with the accountin8 records aNI retums- or certain disdosures ol trustees remuneration specified by law are not made,. or we have not received all the it7formation and explanation5 we requi for our audit. Responsibilitie5 ¢ftruÉèS As explained more fully in the Statement of Re5PDnsibilttie5 Iset out on page 81, the trustees are responsible for the preparation of the financial statements and for bein8 satssfied that they 8ive a true and fair view, and for such internal control as the tmstees determine 15 necessary to enable the preparation of financlal statements that are free from material misststement, whether due to fraud or error. In preparln8 the financial ststerrtnts, the trustees are responslble for assessing the charity's ability to tontinue as a going eoncern, disclosing. as appltcable, matters related ttr going concern and usln8 the going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease operat10, or have no reallstic alternative but tts do so. Auditor responslblllwes for the audlt of the financlal statements Our objective5 are to obtain reasonable assurante about whether the financial ststements as a whole are free from material misstaternenL whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance 15 a high level of assurance. but is not a 8uarantee that an audit conducted In accordan¢e with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the e¢onomSc decislons of users taken on the basi5 of these financial statements. Pagè 10
Campaign for 5¢lence and Engineering Independent Auditor's Report to the Members of Campalgn for Science and Englneerlng The extent to which our procedu$ are capable of dÈtecting irregularities, includln8 fraud is detailed below.. IrreÈul3rities. Induding fraud, are instances of non-compliance with laws and regulatlgns. We desi8n procedures in line with our responsibilitie5, Outlined above, to detert material mlssiatements in respect ol irregularities, includin8 fraud. The extent to whSch our procedures are Pable of detecting irregularities, including fraud is detailed below. Discussions were held with the trustees and key management wSth a vlew to identifying those laws and re8ulation5 that could be expected to have a Material impact on the financial statements. The followin8 laws and reBulation5 were identified as being of si8nith¢ante to the entity.. - Those laws and re8ulatons consideftd tt have a dirert effect on the finanoal statements indude UK financlal reportin8 Standard5 and Company Law. It is considered that the law5 re8ulations for which non-compltance may be fundamental to the operatin8 aspetts of the society are employment law and associated règulation around pensions and taxation, and data PTQtertion regulations including GDPR. Audit procedures undertaken in response to the potential risks latIng to irregularbties Iwhlch Include fraud and non-tompliance with law5 and regulations) comprSsed of= inquirie5 of management and those charged wlth Bovernance a5 to whether the entity complies with such laws and regulations- enquiries with the same concerning any actual or potential litigation or claims., inspection of relevant Segal correspondente,. review of board minutes., testin8 the approprSateness of entries in the nominal ledger, including journal entrie5', viewin8 transactions around the end of the reportinB period. and the performance of analytical procedures to identify unexperted movements in account balance5 which may be indicative ol fraud. No instantÈs of material non-compliance were idefttifleil. However, the likelihood of detecting Iegular1tie5, including fraud. is limlted by the inherent difficulty in detectin8 Irregularities. the effectiveness of the entity's controls. and the nature, tlming and extent of the audit procedures performed. IrregularitiÈs that result from fraud might be inherently more difficult to detect thall irre8ularities that result from error. As explained above, there is an unavoidable risk that material mlsstatements may not be detected, even though the audit has been planned and perfomied in accordance with Is IUKI. Use of our report This report is made 501ely to the charitable company's trustees, a5 a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our Judit work has been undert3ken so that we might state to the Charity's trustees those matter5 we are regvired to stste to them in an auditorfs report and for no other purpose. To the fullest extent perrnitted by law, we do not accept or assume responsibility to 3nytsne other than the chariiable company and Its trustees as a body, for our audit worl for thls report or for the opinions we have formed. Page 11
Campaign for Science and Engineerlng Independent Audltor's Report to the Members of Campaign for Science and Engineering rimothy Sullivan FCA Isenior Statutory Auditorl For and on behalf of Field Sullivan Limited, Ststut¢*ry Audltor 9 Hare & Billet Road Blackheath SE3 ORB l& No¥eTh)bèr 2025 Page 12
mpl1 lor5¢Kend ENIMerlng 51alentl NINtho1 A1195rtheYe9r Ended 31 M•rth 2025 IlTrcludlnilntome attd ExpondltureA(cuuntamd StstementotTotal Rew15ed fjains4nd Lo55e5 T•tsl 2025 iknrostrfctqd 14,311 42,194 349.919 3.C4?.197 402,842 4a9.352 70taiincome 361,850 l717.208 3.079.058 417,163 499.)S2 B5&515 Ewenthr••b.' aritaWe4¢tlthties 147Q.2491 1455.0561 P89,358> 1744.4141 TDtr4lewendyÈre 14YQ.2491 1455,0561 U89.3581 1744,4141 P4Èt lèwndilurevinctyxe Tran5fet5 beMeEnknds 1108,3591 8.12fy IJ99.47D L891.tr71 137.8931 149,Y94 iiii Net infunds IIOD,2791 L991,35D LB91.Q71 137,8931 149.994 112.101 1rt4lfundsbtouhtlWrd 222,343 69),448 260,236 Y3.454 Trrtallund5cairfedlun¥ard 122,064 1.68Q.79E 222.Y3 0348 915.791 Allolthe<haiity's dEfI1r0Co1lDuITh8QpetatSdurlnItht4ttsfj pÈYlDds. Thefunds bieiklownfor2024 lsshgwTh in nDle l& Ihe nDtu un k6to 18form Inintwpèrtdihe5ef1Trr15ttrn¢nts. 13
Campalgn for Science and En8lneerin8 IReglstratlon number. 07807252) Balance Sheet as at 31 March 2025 2025 2024 fixed assèts Intangible assets Tangible assets li 22,401 1,651 23,919 2,953 12 24.052 26,872 Current assets Debtors 13 2,790,608 183,333 790,201 299.482 Cash at bank and in hand 14 2,973.941 1.089.683 (redkn Amounts falling due wiihln one year 15 1191.1311 121)0.7641 Net currentassets 2.782,810 888.919 Net a55ets 2,806,862 915,791 Funds ol the Charlty: Restrlrted Income funds Restricted funds 2,684,798 693,448 UnrestrScted Incorne funds Unrestricted funds 122.064 222.343 Totslfund5 16 2.806,862 915.791 The financial statements on pages 13 to 28 were approved by the trustees, and authorised for issue on 20 November 2025 and signed on their behalf bv= L)avid Parfrey Trustee The notes on pages 16 to 28 form an integral part of these financlal statements. Page 14
Campalgn for Sclence and Engineering Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Cash flow5 from operatln8 atieS Net tash income 1,891.479 112,101 Adjustments to tash Ilows from non-Ca5h Ilerns Depreoation Amort15ation 2,201 33,558 2.744 22,878 1.927,238 137,723 Wothlng capltal adJu51ments Increase in debtors IDecreasel/inerease In creditors IDecreasel/increase in deferred incgme 13 12,CNXI,40SI 18,6041 11.4371 120.9981 16.597 28,149 15 Net cash flows Irom operating activities 183,2¢%1 161.471 C•5h flowsfrom Invert1 aCtItIeS Acquisition of intsngible assets Acquisitions of tangible assets 132,0401 19001 13.1211 13,1531 Net tash flows from investing artiVie5 132,9401 16.2741 Net Idecrea5el/increase In cash and c35h equivalènts 1116,1491 155.197 Cash and cash equivalent5 at l April 299,482 144.285 Cash and cash equivalents at 31 March 183,333 299,482 All of the cash flow5 are derived from continuinB operation5 during the above two periods. Thè notes on pages 16 to 28 form an integral part of these finantial statements. Page 15
Campaign for SCIen and En8ineeriwa Notes to the Hnancial Statements for the Year Ended 31 March 2025 I Crity ststus The tharity is limited by 8uarantee. intorporated In. and consequently does not have Share capital. Each of the trustees is liable to tontribute an amount not excee¢Jin8 £1 towards the a55ets of the charity in the event of liquidation. The address of Its reglstered office is: G06 Gloucester Building City St George's, Vniversity Of Londgn Northampton Square ECIV OHB These financial 5tstements were authorised for issue by the trustees on 20 November 2025. 2 Aicountlng policies Summaryof signlfitant actountSn8 pollcles and key actounileStlM?ttS The principal accountin8 polioes applted in the prepaTation of these financial statements are sÈt out below. These policies have been con51Stently applied to all the years presented, unless Otherwise stated. Statement of compllante The flnancial statement5 have been ppared in accordance with Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable to charitie5 preparing their attounts Sn accordan with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffertive l January 20191 ICharitie5 SORP IFRS 1021 - Second edition October 20191, the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021, They also comply with the Companies Act 2006 and Charities Att 2011. Basss of preparntlon Campaign for Science and En8ineèrin8 meets the definition of a public benefit entlty under FRS 102. AssÈts and Irdbilities are initially reco8nised at historical cost or transaction value unless Otherwise stated in the relevant accounting policy notes. Goin8 contérn The trustees consider that there are no material uncertainties aboLrt the charity'5 ability to tontinue as a golng concern nor any significant area5 of uncertainty that affert the carrying value of assets held by thè tharity. Page 16
Campalgn for Science and En8lneering Notes to the Financial Statements forthe Year Ended 31 March 2025 Jud8ements and key sources of estimation yncertainty In the application of the tharivs accounting poltcies. the directos are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent Irom other sources. Thè estimates and associated a5SUrnPtions are based on historical experience and other factors that are C1$1ered to be leVant. Actual results may diffèr from these estimates. The estimates and underlyin8 assumption5 are reviewed oft an on8oin8 basis. Revision5 to actounting tlmates a recognised in the periods in which the estimate is revised Whe revision5 affects only that period. In the period of the revision and future period5 where the revlsions Hffects btsth current and future perd$. In¢ome and endowments All income is retognised once the charity has entitlement to the income, it is probable that the intome will be received and the amount of thé income recefvable (an be mèasured reliablv. Donotlons pndlegodes Donatlon5 are reco8nised whèn the charity has been notified in writing of both the 8mount and settlement date. In the event that a donation 15 subject to conditions that require a level tsf perfomiance by the charity before thè tharlty Is entltled to the fund5. the Income is deferred and not reco8ni5ed until either those conditions arè fully met, or the fulfllmenl of those tonditions is wholly within the control of the charlty and it is probable that these conditions will be fultllled in the reportin8 period. 6Mnts recelvoble Grants are recognised when the tharity has an entitlement to the fund5 and any condltions linked to the grants have been met. Where performance tonditions are attached to the grant and are yet to be mel the income 15 recogniséd as a liability and included on the balance sheet as deferyed income to be released. DefvnEd I0 Deferred income represents amounts received for future periods and is released to Incoming resovrces in the period forwhlch, it has been re1ved. Such incorne 15 only deferred when: - The donor specifies that the grant or donatlon rnu5t only be used in future accounting periods,. or - The donor has imposed conditions whith must be met before the charity has unconditional entitlement. fts in kind Gifts in kind are reco8ni5ed in different ways dependent on how they are used by the charity.. lil Those donated for resale produce income when they are sold. They are valued at the amount actually realised. lill Those donated for onward transmission to beneficiaries are included In the Statement of Financial Activities as incominB resources and resources expended when they are distributed. They are valued at the arnount the charity would have had to pay to acquire them. Ilill Those donated for usè by the charity itself are intluded when recewable. They are valued at the amout)t the tharity would have had to pay to acqulre them. Pa8e 17
Campaign for S¢lence and Englneering Notes to the Financial Statements for the Year Ended 31 Mar¢h 2025 Expendlture All expendlture is recognised once there is a le8al or constructive obli8ation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable eKpenditvre heading that aggregate similar cost5 to that cate80ry. Where Costs cannot be directly attributed to particular headings they have been allocated on a basis con51Stent with the use of resources, with central stsff costs allocated on ihe basis ol tlme spent. and depreciation charges allocated on the portioTh of the asset's use. othersvpport costs are allocated based on the spread of Staff costs. Ojarltoble ¢7ctMUEs Charitable expenditure comprises those costs incurred by the charty in the delSvery of itg activitiès and seThices for its beneficiaries. It includes both costs that can be allocated directly to such actSvitles and those costs of an indirett nature necessary to 5UPPOrt them. Support costs Support Costs include central funrtions and have been allocated to activlty cost categorfes on a basis consistent with the use ol resources, for exarnple, alletating property costs by floor areas, or per caplta, staff tosts by the time spent and other costs by their usage. Taxation The charity 15 considered to pass the tests set out in Paragraph l Schedule 6 of the Finano Act 2010 and therefore It meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is Pgtentially exempt from taxation in respect of income or capital 8ains received withtrn categories covered by Chapier 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that suth Sncorne or 8ain5 are applied exclusivety to charitable purposes. Intangible assets Intan8ible assets are ststed In the Balance Sheet al cost less accumul*ed arnortisation and impairment. They are amOrted on a straight line basis over their estimated useful INes. Tanglble fixed assets Individual fixed assets costing £500.CQ or more are initially recorded at C05t. Amortlsation Amortisation 15 provided on intsngible fixed assets so as to write off the tost, less any estimated resiéual value, over their expected useful economic life as follows.. Asset clas5 Website developrnent Amortisation method and rate 33% straight line basis Depreclatlon and amortlsatlon Depreaation is provided on tangible fixèd assets so as to write ofl the cost or valuation, less any estimated residual value. over their expected usèful economic life as follows.. Asset Office equipment Depredatlon method and rate 33% strai&ht line basis Page 18
Campalgn for Sclence and En8ineering Notes to the Financial Ststements for the Year Ended 31 March 2025 Researth and dÈ¥elopm•nt Development expenditure inojrred on an individual projett 15 carrSèd lonard when its future recoverability tari feasonably be regarded assured. Any expenditure carried forward is amortised in line with the expected future Income from the related project. Tralle debto Trade debtors are amounts due from customers for rnerthandise sold or services performed In the ordinary course of business. Trade debtors are retO8nlsed initially at the transartlon price. They are subsequently measured at amortised cost using the effective interest method, less provision for Impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the ori8inal terms of the receivables. Cash and cash equNalents Cash and cash equivalents comprise cash on hand and c311 deposits, and other short-term hlghly liquid InStMeNts that are readify convertible to a known amount of cash and are subje¢t to an Insi8nificant risk of change in value. Trade creditors Trade ueditors are obligations to pay for 8ood5 or seNices that have been acquired in the ordlnary course of business from supplier5. Accounts payable are classified as current liabilitie5 il the charity does not have an unconditional righL at the end of the reporting period, to defer settlement of the creditor for at least twelve month5 after the reportin8 date. If there is an unctsnditional right to defer settlement for at least twelve months after the reporting date. they are piesented a5 non-current liabilities. Trade treditors are reco8ni5ed initially at the tran53Ction price and subsequently measured at amortised cost uslngthe effective Interest method. Page 19
Campalgn for Science and En8ineerin8 Notes to the Financlal Statements for the Year Ended 31 March 2025 Fund strncture Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objertwes of ihe charity. Restricted income funds are those daftated for use in a partitular area or for specSfic purposes, the use of whith15 restrirted to that area or pyrpose. Penslons and other retirement obllgatSons The charity operates a defined contribution penslon scheme which is a pension plan under whlch Ilxed contributions are paid into a pension fund and the charity has no le8al or constructive obllgation to pay further contribution5 even if the fund does not hold sufficient assets to pay all employees the benefits relats'n8 to employee setvice in the cUrnt and prior periods. Contributions to defined contribution plans are retognised In the Statement of Financial Artivities when they are due. If contribution payments exceed the cgntribution due for servlce. the excess 15 recognised as a prepayrnent. 3 Intome from donations and legacles Unrestrirted funds General Total 2025 Total 2024 Donations and le8acies.' Donations from individuals Gift aid reclaimed 21 661 11,200 661 11.2iJo Gifts in kind 14,300 11,861 11,861 14,321 4 Inme from charitable actl¥ities Unrestrirted Total 2025 Totsl 2024 General Restrirted Subscriptions Sponsorship Wellcome. Oiscovery Dede Gates Foundation 331,489 ,soo 331.489 18.500 142.6171 332A42 70,000 330389 108,963 142.6171 Wellcome- Public opinion 2,759,825 2.759,825 349.989 2,717,208 3.067,197 842,194 Page 20
Campalgn for Science and Englneerin8 Notes to the Financial Statements for the Year Ended 31 March 2025 5 Expendlture on charltablt artivIe$ Totsl 2025 Totsl 2024 Note Consultancv Sundries 290.904 253 77,753 Debates. forums and lectures Travel and subsistence 40.756 7.628 54.147 8.802 670.014 115,483 27,732 7,923 8,010 312 LE8al and professional ftefence materi315 Staff costs io 549.357 72,838 Support costs 1,187.987 744,414 An Integral part both Wellcome funded programmes ha5 been the comrnissloning of external 4encies to deliver extensive public polling work. and creative design 5eryices to build up tsmpaign assets for the programme. These are classified under'consultancw in expenditure. 6 Trustees remuneratlon and expenses No trustees, ngr any persons connected with them. have received any remuneratfjon from the charity durin8 the year. Durin8 thè year, £794 worth payments were sent to trustees for reimbursement of expenses they paid perstsnally. Also trustees pald for memberships during the yeartotaling £10. More detail 15 provided under related party disclosure. Page 21
Campaign for Sclence and Engineeri Notes to the Financlal Statements for the Year Ended 31 Mar¢h 2025 7 Anafysis of support ¢osts Total 2025 Totsl 2024 Audit fees Depreciation, amortisation and other similar costs Rent 5,640 35.759 20,386 193 25.622 18,104 201 Telephone and fax Cornputer software and rnaintenanee Printing, postage and ststionery Cost of trustee meetings Member and stakeholder meetings Independent examination Bad debts written olf Bank charges Finance 10,574 7137 1192 8,191 6,158 L005 758 5,466 L896 2,635 193 10.8CIJ 13A55 156 11.400 115,483 72.838 8 Auditors, remuneratlon 2025 Audit of the financial statements 5,640 9 famation The charity is a registered charlty and is therefore exempt from taxaiion. Page 22
Campaign for Sclence and En8ineering Notes to the Flnancial 5tstemenls for the Year Ended 31 Mar¢h 2025 10 Staff costs The aggregate payroll costs were as follows= 2025 2024 Stsff Costs durin8thè year were: Wages and salaries Social security costs Pension costs 551.860 54.673 58.125 5,356 420.208 39.449 47.499 42,201 Other staff costs 670,014 549.357 Expenditure on staff costs has Increased in the year due to additsonal staft, and fewer vacancies compared to the previous yeaT. The monthly avera8e number of persons (including Senior management / leadership team) employed by the charity during the year expressed as full lime equivalents was as follows,. 2025 2024 No Charitable activities 12 12 1212024- 121 of the above employees partiopated in the Defined Contribution Penslon Scheme5. The number of empl¢)yees whose emoluments fell within the followlng bands was.. 2025 2024 No £60.001- £70,0 £70.001- £80,OC £80.001- £90.OCKJ £120,IJOI- £130,(MJO The total employee benefits of the key management personnel of the charlty were £253.932 12024 £179,3771. 11 lnta1ble fixed assets PaBe 23
Campaign for Sclence and Engineering Notes to the Financial Statements for the Year Ended 31 March 2025 Resèarch and developrneni Totsl Cost At l April 2024 Additions 68,635 32,040 68.635 32.040 At 31 March 2025 100.675 IW,675 AMOrtitIon At I ApTiI 2024 Charge for the year 44,716 a3,558 44,716 33.558 At 31 March 2025 78,274 78,274 Net book valu* At 31 March 2025 22,401 22,401 At 31 March 2024 23.919 23.919 12 Tangible fixed assets FurnTrtyre and È9ulpment Total Ctsst At l April 2024 Additions 8,231 9C 8,231 900 At 31 March 2025 9.131 9,131 Oepreclatloft At l April 2024 Charge for the year 5.279 2,201 5,279 2,201 At 31 March 2025 7,480 7,480 Net book ¥alue At 31 March 2025 1.6SI 1.651 At 31 March 2024 2,952 2.952 13 Debtor5 Page 24
Campal8n for Sclenfe and Engineerlng Notes to the Flnancial Statements for the Year Ended 31 Mar¢h 2025 2025 2024 Trade debtors 26,800 350 2,759,823 3,635 112,955 489 Prepayments Accrued income 673,264 3.493 Other debtors 2,790,608 790,201 14 Cash al ush equivalents 2025 2024 Cash at bank 183,333 299,482 15 Credltors: arnounts falllhy due wlthln one ytar 2025 2024 Trade creditors 31 18,019 10,681 4.810 1.896 165,358 Other taxation and social security Other creditors 15.784 5.755 Attruals Deferred income 163,921 191.131 200.764 Page 25
Campalgn for Science and Engineerfng Notes to the Flnancial Statements for the Year Ended 31 March 2025 16 Funds Balance at 31 Marth 2025 Balance * I Awil 2024 Incornin8 resourt*s Rèsourtes expended Transfers Curlent Period Unr¢#rlcted Geneml General Funds 222,343 361.850 1470.2491 8,120 122, Resirlrted Well¢ome- Dlscovery Decade Gates Foundation Wellcome - Publi¢ Oplnls)n 589,243 104,205 142.6171 1546.6261 196.0851 175,0271 18,1201 2,759,825 2.684,798 693.448 2,717,208 1717.7381 18,1201 2,684,798 Total funds 915,791 3,079.058 11,187,987) 2.806,862 Balance * I Aprll 2023 Incomlnl resourtts Resour¢es expended Balance at 31 Mar¢h 2024 Prior Perlod Unrestrlcted Geftenwl General Funds 260,236 417,163 1455,0561 222,343 Resrrlcted Wellcome- Discovery Decade Gates Foundation 543,454 330.389 108,963 1284,6CX)I 14,7581 589.243 104,205 543,454 439,352 1289,3581 693.448 Total fund5 803.690 856.515 1744,4141 915,791 Page 26
Campalgn lor Sclence and En8lneering Notes to the Flnancial Statements for the Year Ended 31 March 2025 The specific purposès for which the funds are to be applied are as follows: Wellcome - Discovery Decade soldy ènd uniquely funds the 'Distovery Decadè, project, indyding staff tosts, overheads and activty cost5. The project 15 exploring public perceptlons on R&D. to help identify the terminoloBy and polnts of connection that can help R&D messages reach new audiences. The fund is paid to CaSE quarterly in arrears based on expenditure. It is distinct from membership fees which 5UPPOrt CaSE's core business. This 8rant ended in December 2024. Gates Foundation.. 8uildlnB from the Discovery Decade advocaty model, CaSE Is delNerln8 a Srant-funded project lor the Bill and Melinda Gates Foundation to develop a data-led public messaglng strategy to better convey the value of UK-based R&D with a global impact. This Grant ended in October 2024. The £8,120 of nspent fund5 were allowed to be used for general charitable purposes. Wellcome- Publlc Opinion supports CaSE's effort to unlte the sector and Make R&D matter to more people by Integratin8 its public opinion work into its wider pollcy Wor The fund is paid to CaSE quarterly in arrears based on expenditure. 17 Anafysls of net ass between funds Unresrrlrted fund5 General Total funds at 31 March 2025 Restrkted funds Current Perlod Intangible fixed assets Tangible fSxed assets Current assets 21401 1,651 289,143 1191.1311 22,401 1,651 2,973,941 1191,1311 2,684,798 Current liabllities Total net assets 122,064 2,684,798 2.8C6.862 Unrestrlcted fund5 General Total fvnd5 Ot 31 March 2024 R•strirted funds Prior liOd Irstangible fixed assets Tangible fixed a55ets Current assets 23,919 2,953 396,235 2(X),7641 23,919 2,953 L089,683 12CQ.7641 693,448 Current liabilitie5 Total net asseL4 222,343 693,448 915,791 18 RelatÈd party transartions Pa8e 27
Campalgn for Science and Engineerin8 Note5 to the Finan¢lal Statements for the Year Ended 31 March 2025 Durin8 the year the charlty made the following related party trzn5actions.' Royal Society of Blolo (Dr Mark Down5. a trustee, Is also Chief Executive of the Royal Society of Biol08yl During the year, the charity ente Into agreeTnents with the Royal society of Blolo8y for the provlsion of office spate and finance serwces. on an ams len8th basis, that totalled £26.64012023= £11,516>. This offi space a8reement ended in February 2025. At the balance sheet date the amount due tolfrom Royal Society of Bio108y was £NII12024- £Nill. Caiherlnejohns ITru5tèè I During the year the trustee was reimbursed for £618 worth gf travel and accommodation costs. At the balance sheet date the amount due to/from Catherine Johns was £Nil12024- £Nill. Lesley Yellowlees ITru5teel During the year. the trustee was reimburseil for £176 worth ol expenses on board meerings. At the balance sheet date the amount due tolfrom Lesley Yellowlees was £Nil12024- £Nill. Page 28