Registered Charity no. 1155010 Registered Company no. 08370409 MathsWorldUK (Company Llmited by Guarantee) Trustee's Annual Report and Accounts Year Ending 30th September 2025 MATHSWORllDUK'
MathsWorldUK Year Ending 30th September 2025 Contents Page Page Legal and Administrative Infomiation Tru5tees' Amnual Report Stslutory Auditors Report statement of Financial Activities and Income and Expendilure Account 11 Statement of Financial Position 12 Statement ol Cash Flows 13 Notes to the Financial Statements 14
MathsWorldUK Year Endlng 30th Septsmber 2025 Legal and Admlnlstratlvo Information R•f•rencg Thè Charity is ca118d'MalhsWorklUK Iref8rred to in parts of the report as"MWUK'I and is registe with th6 Charty Commi$slon ftsr England and wal 85 ? charitsblo company limited by guarantee. Rggl•tgrgd Ch¥rfty Numbgr 1155010 Reg18tsr•d Company Numb•r 08370409 R•gl8tsrgd Ottlc• Strlnger House 34 LuPn Slr¢$t Leeds LS102QW Wob•lts Th• Tru•t••8 •nd Dlr•ctor• The Tru¥la&$ 4nd Dir8etors who ware in post during the financial year were as follo., Prol M 8rown 08E (Chair) Dr C Yat8s Dr J Abram5ky Prol T Ward Dr R Fiskan $ H Clapham Dr R Holland IAr H Kyffin Mr S Lewis M$ L McClur8 Mr M Rushworth Mr P Legner Dr C 8ergamann Mrs C Griffiths Mr D C8118gh8n R¥Jign¢d 23rd Fabruary 2028 Rosi9norJ 27 January 2025 Ra8ign8d 27 January 2025 Resigned 20 March 2025 Appolnted 11 Seplembor 2021 Appointed 15 Ftbruary 2024 Appointed 15 February 2024 Appointed 27 J8nugry 2025 Chlef Ex•¢utlvo Offle•r Dr Kati8 Chicot
MathsWorldUK Year Endlng 30th September 2025 Legal and Administrative Information Prlm4ry Bank•rn HSBC UK 1 Centenary Squara Bimiingham B1 IHQ United Kingdom statutory Audltor Eli2abelh Lilloy LMH Accountants Limitsd Old Bank Chamb¥r8 582- 586 'n9$bury Road Erdington Birm1ngham 824 9ND
MathsWorldUK Accounts Endlng 30th September 2025 Trustees, Annual Report The trustees present their report and financial statements for the year ended 30 Sept 2025. obl+1ve$ and A¢tlvltl•8 The charity's objects are to advance the education ol the public in mathematics. We aim to achieve thi5, ultimalety. through the ¢re81ion of the UK$ fir81 visrtor 8ttraction inviting young people and their families to discover thejoy and power of rnathern8tiC5 through hands-on experiments and i*allenges. In practice, ourwork involves creating engaging and aCLes5ible exhibitions and colledK)ns ol malhemkn"e inleractives, Sparking excitement. cur195ity, and engagement with the wonders ol maths. We deliver playfvl workshops and activiiies exploring exal'ng mathematical topics. This work takes place alongside furthering our main mission by raising our public profile and building the business case for 8 nth"on81 M8thematics Discovery Centre. Mathscty was running for the duration of this repprt and ha$ rèceived over 50, 000 visitors since ts laurch wth over 11. 500 this operational year. In its fourth year of operations Mathscity had over 2700 school visitors. In addition, Mathscity wa5 rn9ved tg a nsw location in Sept 2025, and a second centre, Mathsworld, in London launched in Ocl 2025. Publ1¢ B$neflt MalhsWortdUK works lorthe benefit ¢1 the general public by loslering a greater appdatIon of. and interest in, rnatrernatics. Mathematic5 is incfeasingty important across many disopline5'. science. medicine, engineering. technology. Communications. Al and Big D8t8. fin3nce, Èctsnomics and more. It is a fundamentèl tool enabling us to analyse and comprehend the world around u5, and lo $olve some of the rnosl urgent problems faung society in today, complex world. Maths brings together essential ski115- in reasoning, creativity, abslracl and spatial thinking. critical thinking and problem-501ving- that enable us to participate fvlly in socièty and to build fulfilling and resilient lives. The negative economic. social, and health and wellbeing impacts ol ptsor maths skills in adult life are well evidenced. yet the mathem8tics skills gap-the differenctr b$tween the numbers of mathematically literate peo9 that we need and the number that we actually have- in the UK rern4ins too large. We aim that our handSn activities in Mathscity and Math8Wodd should improve n8ti¢nal attitudes towards Mathematics. This 2nd ultimately the creation ol the National Mathematics Discovery Centrt with hands•on activities will then contribute significantly to Incro8$ing the proportion and diversity ol young peop18 èngaging confidently wth mathematics and Choosing to cont'nue with mathematical study in further and higher education beyond age 16 and into college and universty. The INste&s have referred to the Charty Commlssion's guidance on public benefit in agreeing the charity's aims and objectives and in planning its future actiwlies.
MathsWorldUK Accounts Ending 30th September 2025 Trustees, Annual Report Who engaged wlth #nd benoflted from our actlvltlo$7 In addition to our visitors lo M8¢hsCity previouyly noted, sirice our last report we have attended a r8nge ol extern81 evenls both online arKI face io fac•. We presented at.. maths sdwlars CPD event lor new maths teachers (IMA schem81 in York. Talking M81hs in Public 202S G18Stonbury 2025 a collabor81ion th n&uro$cientist8 Scanning br8ins vthilst people tried fvlathscity puzzlegl Achlovam•nt• Pèrformance As pèr our prlori1188 in our last year's rèport, our key achievernenls in the year included.. S•curing grants lor Malhscity and Malhgworld Growlng our project through a bigger Malh$City and a second hands-on maths centr¢, IAalhsWorld. in London. Findin9 sil8$ lor Mathscily in Leeds and Malhsworld in London Managing th& move ol Malhscity and th¢ IBunch ol Mathsworld Maintaining Malhscity in Leed$ to offer irtSPlflll9 and engaging math8 experl8nces fer visii¢f8 of 811 ages and backgrounds. Further build the community around Malhscily, in particular through the City of Mathg project in Leeds 2026- 2027. Develop the business plan for th¢ Malhsworld through the les8ons ol Mathscity. Strengthenlng tha 8oard'5 oxpertise and organi5alional structures and c3pacity In order to ensure MWUK is ready to managa the next stage ol the delw8ry ol Malhscity 8nd the Malh8m8lics Discovery Centre Our prlorltle$ lor th• comlng year are.. Maintaining tho financial 8nd operational stability ol Mothscity in LeeiS8 and Malh3World in London to offer inspiring and engaglng maths experience5 lor visitor5 01 all ages and back9r¢undJ. Develop new contènt lor the fifth yesr ol Math$City and the first y8ar of Mathsworld Further build the community around Malhscity and Malhsworld, including schools, local busines$ and ndu8try Develop the business plan lor the National Mathemabcs Oiscovery Centre through ttte lessons of Mathscity and Malhsworld, including assossing the bènelils ol both location$. Develop the donor base lor the Nation81 M*hern3tics Discovery Centre through the lessons ol Mathscity and Malhsworfd. Deliver a successful first ye8r of the cty ol Maths projecL
MathsWorldUK Accounts Ending 30111 September 2025 Tru5te•s' Annual Report Flnanclal Revl•w The finall¢ial transactions of the ¢hafity dur9 th year and the position at the end tsf the year are 3el Out In the attached financial statements. MalhsWorfdUK receives no ongoing core wblic subsity and continues to rety on project grants. donation$. earned Income and the 3UPPOrt of partnets and volunteers io delNer Ils activities. During Ihe year the Charity received total income of £1.444.046 an¢J mr3J8 ioial expenditure of £441,976. T¢Sung In net income and nel movement In lunds of£1,002,072. The significant increa5 in income during the year was primari dve t¢ restricted grant funding received towards the developmtrnt ol malh5rId London a1 other prqecl a¢bvity. These lunds a held lor the spec4fi¢ purpose5 sel by the fijnders and wll be apF4i¥d in fithure perhX$ as the retev8nt projects 8fe deliverèd. In addition lo the ¢ontribvbon$ shown in the finonoal statement$. IAalhsW¢xldUK ceived valubble in-kind support from the Open Universrty and the UnLv¥rty of Leeds. In the form ol $tsff time 9ivan to public engagement and outreach actiwty. Th& ¢harity 8150 benefited from the supptsrt of Individual volunteers helpin910 deliver and develop its Mathscity programmes. The largest ikind $upport was from Landsec. the venue owner, whi¢h provided freè use olthe Maihscity premises until 31 August 2025. Thi$ donated use of wemi$es hAs bean re¢¢gnised In the accounts al an esbmated valu¥ 01 £110.000. Costs in¢urred in the period related mainly lo premises. sraffiThJ and seeondment Costs. oulrea¢h activity. conlenl development 8nd the continuèd development ol MathsCIty and Mathsworld. Total expenditure lor the ygr wa5 £441.976, 01 which £415,128 related to charitatle activths. In the ¢omln9 year. fvndraising will focu$ on thg SUStain8b41ty ol both Mathscity afid ma$wOrld. The chority wll 81$9 Seek lo secure rèsources for 8 matherna PlaYgund in Leeds. Al tho end ol th8 year MalMsWorldUK hdd the folltrMrvJ ffinancs posth"on'. Funds hèld At 30 Sopt8mb•r 2025 Reslri¢ted funds 710.X6 Unre81rKted fund$. General fun¢Js 14,646 Unr&slTiCted funds.. Reswves 57,8(X) Unrestricted fiJncS$'. Asset, exhibrtion and equipment fvjnd 4T5,9 Total unre¥trlcted funds $48,015 Total fund• 1.258.321
MathsWorldUK Accounts Ending 30th September 2025 Trustees, Annual Report R•seTvas Pollcy The trustees have agreèd th81 MalhsWorldUK should aim lo build and maintain free reserves èquivalant 10 approximately six months ol ongoing expenditure. The trustees consider this level ol reseroes to be appropriate given the charity'5 reliance on project funding, the need to m8nage timing difference$ betwg¢n income and expenditure. 8nd tht importance ol maintaining continuity in the operation and developm&nt of Malhscily and Malhsworld. AI 30 Sèptember 2025, the ¢harity held total funds of £1.258,321. 01 thi8 amount, £710,306 was held in restricted fundg and £475.569 was held in the design8led asset, exhibition and equipment fund. representn9 the net èook value of thè charlty s fixed as5Éts. These amounts are nol trea18d as free resarves, The charity's free r•seNes at the year end were therefore £72,446, cornprlsing gener81 funds of £14,846 and the fund of £57,800. This ¢ompares with Iree reseryes 01£89.461 al the previous year ènd. The trustèes recognise tmal the current level ol free reserves remains below the largel level ol six month3 01 ongoing expendilure and WIIS cgnlinue lo seek to strengthen unre51ricted reserves as part ol th? charity's wider fundraising gnd su$tainability planning. The Iruslees ¢ontinuè to monitor the charity's re8&rve3 posltion regularly, taking into aOunt committed project funding, expected lulure expenditure and the need to mainlaln sufficient fiexibilily lo respond 10 OPPOrtunllies 8n¢l oper8tiona1 ri$Ks. Struclur•, Govgrnan¢g And Managomont MalhsWorldUK 16 a cornp8ny limrtecs by gUgranie$ Icornpany numb8r 083704091, Incorporated on 22 January 2013. It W85 registered è$ a charity (charity numbei 11550101 in November 2013. The tru$lees, who are also thg director8 for tha purpose ol company law and who served durino the year are Iisled on p. 1. None ol the trv$iees has any benalicial Interest in the Company. All the Trustees are membèrs of the company and the liability of the members in the evtrnt ol the company being wound up 1$ limited lo a sum not exceeding £1. Membership of the Board is regularly reviewed lo ensure the right balance of ski115 and expertise. Now Trustees wll be recruited in thè eoming year in preparation for increaged activity relating lo the developrnent ol the mathemati Discovery Centr&. Th& charity is led by the Board of tru51ees which meets quarterly and is 5UPPOrted by three cornmittees IDevelopménl, Programming. Financè and General Purposes Commitleesl. Day to day rnan8gemenl ol the org8nisation is delegated to the CEO, who has an #uive rolo In delivering outrèach activity alongside a small team ol voknnleers, while leading development work and lundr8ising lor the M8lhernati¢S Discov&ry Centre.
MathsWorldUK Accounts Ending 30th Septernber 2025 Trustees. Annual Report Trus8, Rosponslbllltles The 2011 Charities Act require the Board of Trustees lo ppa finanial statements for each finanaal year ¥thich give a true and fair view of the state of the chanty as at the end of the finanaal year and ol the surplus or deficit of the charity. In prepafing those financial ststements the Board 15 requ+red to."_ Select surtable accounting pdiues and appty them nstenty. Make judgrnenls and estim*ès that are reasonable and prudent Prepare financial staternents on a going cfjrt8m baws unless rt is inappropriate to presume that the trust will continue in existence. stste whelher applicaNe accounting standards arKJ staternents of re¢ommended practice have been fOlled. subject to any material departyjres disdosed 8rMI ewaineil in the finala1 Ststemts' The Iruslees are responsible for keeping prow accountsng records. whith disdose vthh reasonable aCracY at any b.me financial pOS"0n ofthe Charity. They are 81s0 respwsiue lor safeguarding the assets of the trust and hence for taking reasonab 5tep5 for the prevention and detection of fraud and other Irregularrties. R•Jw Ik•n Name ol Truste•lD5rector. Slgned on Behalf of tht TrLtyts¢g1 Dlrectors: Dat• of Approval:
MathsWorldUK Accounts Ending 30th September 202S Independent Audltor's Report to the Trustees of MathsWorldUK Oplnion We have audited th$ financial st818ments of mathsWorUK Ith8 'charity'l for th8 year onded 30 Sep18mber 202S which compYi88 the 51&lementof finan¢i81 aclivilies, th& balanco sheet and notes lo th&finan¢ial 3tal8Tnenls, including $19nific#nl accounting policias. The financi81 reporting framework that has been applied In their preparatson 15 applicable law antl United Kingdom A¢counling Standaids, indyding Fin8n¢ial Repprting standard 102 Th8 FnanCIal Reporting Slzndard app11¢8ble in the UK and Republi¢ of Ireland Iuniied Kingdom Generally Accepted Accounting Praclicel. In our opinlon, the financial slalemenls.. give a true and fair view of the $lale ol the charilabb company's affairs as 8130 September 2025 and ol Ils incoming re$our¢e$ and @pplicalion of soUrCes, lor the y88r then 8nd8d', hava been preperly prepar•d in accordance wrth United Kingdom Gènerally Accepted Accounting PACtice', and ave begn prep8red in accordance with the roquiTemenW ol the Compen6 Aet 2008. 81118 for oplThlon We conducled our audit In accordance with Inlernalion81 Standards on Auditing IUKI IISAS IUKII and applicab18 law. Our re&pon8ibililie8 under tho$8 Stathdords ore further d•$crib6d in thé Audilorf$ responsibilities lof the audit ol thg financi81 statements $oclion of our report. We are independent tsf the chBrity in accordane& wilh th8 ethical requiramfjn18 Ih81 are rtrlevanl to our audil ol the financial sla16menls in the UK. including th8 FRC'S Ethical Slondard. and wo have fulfilled our other glhical r88ponsibilities in a¢cordance with thes0 roquiremenls. Wè belleve that the audit èvldenc• wo have obtained is $uffiti•nl ond gpproprialg tts provid• a basks lor our opinion. Con¢lu8lon• rfjlatlng to golng con¢erft In auditing the fin8n¢ial st¥lomenl$, we have concludad th81 the Tru$le•$' u8• ol the going eoncem bosi¥ of accounting In lh6 prepai&lion ol the f5noncial statsm&nt¥ 1$ appropDate. Bas8d on Ihtr work we havfr pertormed. w? have not identified 8ny material unc8rt8inlies relating lo èvènl¥ or conditions that, indivi(lu8lly or etslleclively, may ¢o815ionificant doubl on thè ¢harily'& abi1ily to continue #s a going concern for 8 P8fiod of al least Iwelv8 months from wh8D tho financial slat8ment¥ ore aulhoiig?d for i$su•. Our r&8ponsibilities and the responsibilitiès of thè TfU8tees with r•specl to going concern are daserlbed in the ro18vant 8¢clion6 ol this report. Oth•r Inlorniatbon The other inforrnation Compris•$ th? informotion Includod In the annual report other than the financial slalemenl¥ arnd ouraudilor'8 report Ihereon. The Truste83 art re$ponsib18 for the olh0rinformgtion Contained within the annual report. Our opinion on the financial slaleman15 does rtol cover the other infomation and we do not expres5 any fom of assurance ¢onclusion Iher8on. Our responjibilily is to read the other infom8kn.on and. in doing so, ¢onsid81 whether the other informatign is m8leri8lly inconsistent with the fin&nci81 SleMentS or our knowledge Dbialned in the eour ol the audit, or tstherwi$g 8ppears its b8 maleri811y misBlated. If we identify 8uch material incons1$1encies or appaf8nt m8lerial rnis$t81ements. we reuvired lo delemina whelh8rthi$ gives ri$9 tD a material mi&ststement In the financial 51al8menl$ themselve5. 11, b858d on the work we have performed. we conelude Ihat there is a material misstalemenl of this olhor informati?n. we are required to report that fact. Vvg have nothing lo réport in thi8 regard. Oplnlonl on othor rnattors pr•$¢riboO by th• Companle8 A¢t 2006 In Dur opinion. basèd on the work undert8ken in Ihe course of the audil.. the InforrDalion giv8n in thè trustees, report. prepared for the purpose3 of company18w. forthè financial year for which Ihe financial Staternenls are prepared is con$islenl with the financi81 $laternenls-. and the dire¢tors' report induded within the trustees, roport have been prepared in ac¢ordan¢e th applicable legal quirements
MathsWorldUK Accounts Ending 30th September 2025 Independent Audltoff $ Report to the Trustees of MathsWorldUK Mattsrs on which arg r•qulr•d to rnport by •x¢•ptSon In the light of th8 knOwdge and underslandng of the company and ils environm80t obtsined tn tha course of the avdil. we have not tilenlifd matgrial rnisstatem¢rsts in Inj$t9. repo We have nothing to report in respect of the fomrmifig mattws in 180 towhlch Ih? Companie8 Ad 20C6 requires us to report lo you if. in our llpinion.. adequate and prop•raGcounts'ng r•co¥ds h¥ve #otbeen kepL orrnlums adequate fOr0r audit hav8 be•n roC¢iV Irom branches nol vigted by us", or the financial Statements arn not in agrè•menl with Ihe •cc4unting r•eord$ and r•tum•,' or eortain diido8ur•s ol tru5108¥' remun¢ratbon sperjfied by law ore nol made.. or we have not T•cthved •ll the snform81ion and explana"0$ wg requirn for our audiu.. or the trusiées were not •nlitled to prepare the financial statements ITh awrdance wilh the wnall comp?ni85 regime and take advanla9o ollhè $mo11 compan¥. èx•mptior15 th pr•paring th• tru$tO05' lOPOrtand trom the rwuiremenl lo prepare 4 str8iegic RespoMlblllth• of TN•ts• A$ explained morè fully in the slalemeni ol Tnjslees. respon5ibililies. Ihg Truslees. who are also tha direcloT5 of the ¢harity lor Ihg purpose of company law. ore sPOnsIb for Ihe PporatiOn of the fin8ncial $latemenl$ and lor b?Ing Jalisfied that they give a tru8 and fair view. and fer suth intoinal conlrol 88 the Trustee$ delemin? LB necessary 10 enab Ihe prepaiatjon olfinanual 51alements that are fr88 from matenal mi3$tslernonl. whether due lo Iraud or error. In pr8p8ring the Iinan¢i81 $latsmen15, Ihe Truste•s 8re responsible for assessing th• charity's 8bility lo ntinUe as goin9 concern, dixlosing, 85 applicable, rnatters r¢lated to 90ing concern and ujing the going concern basis of ccounling unless the Trustees èilhef Inlgnd to Widal• the tharitsble rnPanY or lo owotion¥, or Vtave no m81i$li¢ allernalive bul 10 do so. Audltor'• To•pon•lbllltlo• for tho audlt ol th• Ilnancl*l •tst•m•nts We have b¢en appointed as auditor under seclion 144 of Ihe Charitie$ Acl 2011 8nd r•port in 8¢c4rdance wlth the Act and rebvant re9ylats.ons mth Of hawng •ffect the¥eunder. Our cbjeclive5 are lo obtain rea50nati assurance about whetr the finanual slalements #s a who1• a freo from matsrial mis518lemenl. whether due to fraud or errer. and 10 issue an audilorfs report thal includes our opinion. Reasonable as$vrance is a high Ivvel of assurance bul not a 9uaranlee that an au#il condu¢led in accordance with ISAS IUKI will alway$ delect a m8ieTral mis$tai•ment when it exists. Misslat•menls can anse from fraud or orror and are considefed material if. individually or In the 8ggr¢9ate. Ihey Uld re8$onably bg expe¢ted to influence the economic decin$ ol users taken on Ihe basi$ of these finanual slaiement5. Thè axtent to which our pro¢¢durt3 are capable OldeteTrJ m9u18nb"e$. Induding fraud. is dtlalhd below.
MathsWorldUK Accounts Ending 30th September 2026 Independent Auditor's Report to the Trustees of MathsWorldUK A further deseription of our responsibilities is available on the Financial Reportin9 CouftrAI's webila al.. https'.11 w*M.frc.org.uklauditorsrg¥pansibililies. This descrfplon fom¥ p8rt ot our auditorf8 r8POrt. This r8POrt Is made 5018ty tll the ¢harity'8 trust•es, as a body, in aexordancg with Part 4 01 the CharstYa8 (Accounts and Reports) Regulatians 2008. Our audit work has b88n undertaken 80 that w• might 8tste to the ehariV6 IfU8188S tho$e matters w8 Bre required to state to them in an audilorfs port and for no other Purp8. To the fullest ext8nt pernittgd by law, we do not 8CC8Pt or assume responsibility lo anyone otherthan the charity and the d)ari$ tru$t88S as a body, for our audit work, lor Ihis rgport, or lor tho opinions we have formed. For and on b8half of LMH Accountsnts Limited TIA Tvor Jones & Co, Statulory Auditor Chartered A¢untants Old 8ank Chambers s826 Kingsbury Road EFdington Birrningham 824 gND DatsO.rd Jol.126 LMH Aceountonts Lirnitgd TIA Tmvor Jone$ & Co 18 èfigiblè lor 8ppoinlm•nt a$ auditgr of the charity by viriuo of Bligibility for 8ppointrnent as auditor of a compgny und8r Section 1212 olthe &mpanies Act 2006. 10
MathsWorldUK Year Ending 30th September 2025 statement of FSnan¢ial Activitie$ and Income and Expenditure Account 2025 Unrestricted Flestricted Funds Funds 2024 Total Funds Totol Funds Note Income Don8tions and legacies Activitles lor generating income Other trading activities Investment Incoma Other Incoma 30.083 74.961 4.732 2,502 111,570 1,220.21x1 1,2SO,283 74,981 4,732 2,502 111,670 202,357 75.889 5,618 1,658 120,495 Totsl Income 223,848 1,220,200 1,444,048 406,017 expgndlturo Expenditure on charil8blg activities Cost ol oenoiating fund8 Govèmgnce costs 264,442 5,580 11,948 150,686 416,128 5,580 21,268 336,712 7,236 5,383 9,320 Totsl expendltur• 281,970 180.006 441,976 349,331 N•t Incomg I ID•llcltl 158.1221 1,060.194 1,002,072 56.686 Net Ineomo and N*t Movem•nt In Fund• Total funds brought lorward Transfers 15 15 177,326 428,811 78,923 1428,8111 710.306 1,258,J21 2S6,249 199.563 Totsl Funds Cirrl•d Forward 16 548,015 256,249 All income and expenditure derive frorn continuing gctivitie¥. rha statern$nl is a comblnad Slalemgnt of Financial Acb'vilias and Income and Exponditure Account for th¢ purpose3 ol meeting both Companies Ad and charity SORP reporting requirgmonts, 11
MathsWorldUK Year Endlng 30th September 2025 Stalement of Financial Posltion 2025 2024 Not• Flx•d A•s•ts Tangible fixed assets 11 475.$69 87,864 475.569 87,864 Curr•nt A•uts Stock Dgbtors Cash 01 bank 8T in hand 12 13 1.500 642,884 257,553 2.982 31.002 147,244 901,737 181,228 Cr•dltor•'. Amount# Falllng Du• Wlthln On• Y•ir N•t Curr•nt Ai•ts 14 118,98S 782.752 12,843 168.385 Tot¥1 A#••t• L•#• Curr•nt L1•bIl 1.258.321 256,249 N•t A•••ts 16 1.258.321 256,249 Fund• Of th• Charlty Re51ndèd lunds Unrèstricted funds 710.3C6 548,015 78,923 177,326 15 Tot•1 ChArlty Fund• 15 1,258.321 256.249 Dlr•etor• R••pon•lbllltlo• The finAnci81 siaiemnls 8ppvov&J ty ihe INslees. •re ¥ao ¢Jwecth ollm th¥rtat4• eompany forth¢ PU0$85 of company kn. outhyls¢¢ for The IrusteÈi acknowledge Ihvir r¢&pOnsIbq¢s for comthry hiih Ihe reqUemlS of th• Cfynpans Aci 20C6 Ilh ro$peci to 8CCDL¥)bThJ recryds èThJ Ihe y¢paralKffi of fThncaal siiiemenh. These finon¢i0l 8tatenEnt6 have b••n w8parefj In •cDyd•nte llh I prtyisiom •pr4ble lo ¢Pankl subject to the $mall coryaroes. •nd ilh FRS 102 aTh1 th¢ Charl1 SORP (FRS 1021. Nam• of Olr•clor: Rog•T Fi•k•n Slgned on Beh#W of th• Dlr•etor•: Doto olApprov41: 7.2028 R•gl•tor•d Company no. 08370409 12
MathsWorldUK Year Endlng 30th Septembor 2025 Statement of Cash Flov 202$ 2024 Cash Flows From Opèratlng Actlvltlè# Ng1 cash provid?d by luyed inl op8ratitig scts.v1es S51.829 84,475 551.629 84,475 Ca¥h Flow• From Inv••llng A¢tlvltlo¥ Inlèr¢$l Purcha$9 of tangible fixed assets Net cash provid9d by (used Inl Invèsting activitiès 2.502 1,658 1443,8221 145,7941 1441,3201 144,1361 C4•h Flow8 From Flninclng A¢tlvltlo8 Net proceeds from btsrrowings Net cash provided by (used in) finMn¢ing a¢t&v&S Ch8ng8 In cash and cash 8qUiV81enlg In the reportin9 pariod Cgsh and cash equivalents at the beginning ol tho reporting period Cash and Caih Equlvglents at th• end of thè R•portlng Pertod 110,309 40,339 147,244 106,905 257,1503 147,244 R•¢onclllallon ol N•t Mov•m•nt In Fund• lo Not Ca•h Flow From Op•ratlng A¢tlvltle• 2025 2024 Nel movement in funds lor the reportlng period la¥ par the slalemenl ol financial a¢tlvilie$l 1.002,072 58,686 AIYju3lmÈnls for,. Interest rec6iv8d Dtrpreciation of tangible nxed assets IlncreasellDecreasè in stock Ilncr8a5ellDecre83e in debtors IncreasellDeGr¢a$al in ¢[tOrS Not Cash provided by lusgd inl operats'ng 8clivits"•s 12.5021 11.6581 56.117 47,161 1,482 12.9821 1611,6821 117,4671 106.142 2,735 551,629 84,475 Analys19 tsl Cash and Cash Equlval•nls 2026 2024 Cash at bank 257,553 147.244 Tot81 cash and ¢a$h equivalents 257,5S3 147.244 13
MathsWorldUK Year Endlng 30th September 2025 Nots8 to the Financial Statemonts l Accounn9 Pollcles 8a•l8 of Pr•paratlon The financial stalernents have been preparèd in aceordanea wrth Aceounling snd Reporting by Char4ties'. Ststèment ol Rècornmended Practic8 applicabl8 to charities prepgring ttteir account$ in accordgnce with FRS 102, th8 Financial Roporting Stand8rd appli¢8bl8 in thg UK and R$public ol Ireland, the Charities Act 2011 and the Companies Act 2006. A8•o8smont of Golng Concorn Prepargtion ol Ihg accounts Is on 8 goiw concèrn basis. The tru81ees eonsider that the are no rnaleri81 uncertaintie$ about the ChaTlty'S ability lo cont4nu8 8$ a going concem. Fund Aecountlng Unre51iicted incomè fund$ comprlsa ihoso fund$ which the Irustegs are free lo use lor any purpose in luthorancé ol tha charilatilg objecls. Unrèstrictèd funds inclucle d6signatod funds wher8 the truste83, at th8ir discretion, have sot 89ide rgsources lor 8 speeific R68tricted funds 9re funds which 8rè to bo used in 8c¢¢fdane8 W1th speciflc restrlctions imposed by the donor or thè term 91 spg¢ific appeal. Furthor explanati¢n ol tre natura and purptss8 of 08ch fund Is Includod in th• nots$ to the 8ecount$. Inctsmlng Ro8oure All incoming re¥ourc9$ are r0cogni$ed onea the ¢harily has entltlement lo th8 re$ourc83, it 18 probable that the resourcès will be received, and the monotgry value ol inc¢mino resources can be maasurad wilh sufficiènt reliability. • All volunt8ry income is reeognised 85 donations and Is Included In lull, wth 88socialad Gift Aid rec¢ivablt in tha Stslement ol Financial A¢llviti8S. • Granls, whtrr? entitlement is not condits.onal on Ihg dalivery ol spècifi¢ pertorrnan¢8 by the charity, are racognised when the charity beeomes unconditsonally entitled to the grant. Income rèsouices from charitable Iradin9 actbv1t$ such 95 mathemats.cy experiencès and octs"vitiès are accounted for when Invoicès are drewn up las the point of 8ntitlementl. Donated strrvices and foci11ties are included 8t the value lo tho charity where this can be quantrfied, Glfts in Kind are acctsUnd for 31 a reasonable asbrnata ol Iheir value to th8 charity or tho amount actually roalised. Volunt98r tirng, the value ol voluntary supportfor the WOfK ol tha Charity is not included in the accounts bul is described in ihe notes lo the accounts. Inve6tm8nl Ineome is Included in the account5 when rac81v8b. 14
MathsWorldUK Year Ending 30th September 2025 Notes to the Financial Statements Rg¥ourcos Expended EXpendrtU Is recogniswj on an a¢cTual basis as a liability is incurred. Liabilib"es are recognised where It is more likely than not that thé is a al or nstrUctive oblatIon commitb"n9 the charity lo pay out Ihe resources ancl the amount of the oblKJatson tan be m8asLtred with reasonable certainty. Gov•mance Costs Governance costs 5nclude costs of the preparHtion and examinats.on of statutory accounts, the costs of the trustees, meetsngs and the cost ol any gaI advice to trustees on governan or con5titub"tsnal matters. Liablllty Recognition Liabilities are recognised as soon as there is a legal or construcbve oblKJab"on commtth.ng thè charity to pay out resources. Tanglblo Flxed As¥èt$ l assets are capitalised and at historic Cgst for rtems over the value of £1.000. Fsx8d assets are 3tated at cost less accurnulated depreaation. Depreciation ts charg8d on fUrn1tre and equipm8nt which is written off on a stravJht4inè basis over the estimatgtj U581ul lilets.me of the asset. Equipment B8ts¥een S and 10 years straight-line Office Equipment 4 years Straioht-line Computer Equipment 4 year5 StraKJht4ine Maths Cty Fixiure5 and FitbrKJs 8eN¥eèn 4 and 10 year5 straight4ine stock Stock 15 valved at the lower cost and net real¢Sab valu8. Cost compnses the purchase price, tn¢luding any IncBJental costs incurred to bnng the goods to thei¥ rnt loc2b.on and condition ftsr sale. Net realisabk value 15 Ihe estyrnaied selling price in Ihe ordinary course of business, les5 estimated costs of completion an¢J $ellng expenses. Stock is reviewed 3nnually. and provisions are made for ¢)solete or sbw4nOng items where necessary. Operating Leases Rèntal charges payab under operth.ng kase5 are charged on a straoht line basis over the t8ms ol the lease. Taxatlon The charity is exempt from corporation tsx on it5 tharilable activitie5. L•gal Ststus of the Charity The chanty is a company limited by guarantee and has no sha c3wt31. In Ihe event of the chanty being wound up, the liabilty in respect ol the guarantee is limited to £1 per member ol the charity. 15
MathsWorldUK Year Endlng 30th September 2025 Notes to the FlnanGial Ststements 2 Analysis of Income Unrestricted Funds Restricted Total Funda Funds 202S Donations and Legaeies Donations & gift aid Grants 30,083 30,083 1,220,200 1,250.283 1,220,200 1,220.200 30,083 Actlvitiès for G•n¥ratlng Incom• Math5 City School groups Maths City ticket sa$ 15.258 59,703 15,2S8 59,703 74,961 74,961 Other Tradln9 Actlvltlgs Math5 City Shop sake5 4,732 4,732 4,732 4,732 Inv•$tmènt Incom• Bank Interest 2,502 2,502 2.502 2,502 Other Income Othèr income Donations in kind (Donated prtrmisesl 1,570 110.000 1,$70 110,000 111,570 111,570 Total Income 223,848 1,220.200 1A44,048 16
MathsWorldUK Year Ending 30th September 2025 Notes to the Financial Statoment$ Analysls of In¢om• Cont. Unreslridgd Funds Restricted fot81 Funds Funds 2024 Donatlon¥ and L•gaclg8 Donations & glft aid Grants 19,842 10.OOD 19.842 182.515 172,515 29.842 172,515 202,357 Actlvltlej for Gèneratlng Incom• Mathy City ts'ckèl sales Maths Clty sponsorshlp 13,871 62.018 13.871 62,018 75.889 75,889 Othor Tr•dlng Actlvltl•¥ Maths City Shop Sales 5,618 5.618 5,618 5,618 Invo$tm•nt In¢om• Bank intere31 1,658 1.858 1,658 1,658 Other Incom• Othar incorna Donation$ in kind (Donalad premi¥e$l 495 120.000 49$ 120,000 120,495 120,495 Total Income 233,502 172,51 S 406,017 17
MathsWorldUK Yoar Ending 30th September 2025 Notes to the Finan¢lal Statoments 3 Expendlture on ch•rltsbl• actlvltiès by fund typ• Unrestrictsd Funds Restricted Total Fund¥ Funds 2025 1,455 6,992 127 133,722 S6,117 317 Adminlstration costs Advertisement co$ts Bank ¢haTgeg Content devalopmant Ilncluding 5tstt co$t tirnèl Depreeiation Donor ralatigns Future development Costs Prgmisej cost$ St8ff relalod co$ts Staff galaries and $oc¢ndmont co319 1,455 6.557 127 43S 133,722 S6.117 317 18,529 143,473 724 72,201 415,128 126,944 724 72,201 264,442 160,688 Unrestrlcled Funds R*stri•d Total Fundy Fund$ 2024 Administr8tion ¢ost8 Advartisem8nl costs Bank charges Contont dev8lopm8nt Ilncluding stsff cost timel Depr8Ciation Donor relations Futurè d8velopm¢nt costs Prarni$ès cg8ts str relatad costs Staff salarles and 8e¢ondment cost8 1.810 4.210 196 76 2,781 1,888 6,991 25,829 25.829 47,1e1 7,868 50.836 132,736 723 62.686 336.712 47,181 7,888 50,836 3,850 128,888 227 4s,626 17,0S8 235,786 100.928 18
MathsWorldUK Year Ending 30th September 2025 Notes to the Financlal Ststements Capltal ExpondltUTe Incurred Due to tt)a way capit81 assets are accounted lor under th& charity's SORP FRS102 the assets purchased dufing the year are not captured with charitable activity èxpenditure They are shown as additions with thè fixed 8s¥el note (see nole 111. The valve of the asset$ is written down 8S expenditure against thè fund they were purchased from as deprecation over the useful life of the asset, The following tsble outlines the assets purcbased and the deprecation which has been ch8ng8d to the relevant funol. 2025 2024 Exhibition equipment & fil out costs incurred 443,822 45,794 Depreciation Change 56,117 47,161 4 Co¥t of Generntlng Fund• Unrestricted Funds Rastricted Totsl Funds Funds Z025 Math5 City shop purchases 5,580 5.580 5.580 5,580 Unrestricted Funds Restricted Total Funds Funds 2024 Maths City shop pur¢h8ses 7,039 7,039 197 7.236 197 7,236 19
MathsWorldUK Year Endlng 30th SeptembÈr 2025 Notes to the Financial Statements 5 Gov?Tnancè Co$t Unrestricted Funds Restri¢tsd Totsl Funds Funds 2025 Insuran colts al & professional lees 1,000 10.948 4,075 5.245 5,075 16.193 11,948 9,320 21,268 Unrèstricted FuTrd5 Restricted Total Funds Funds 2024 Insurancè costs Legal & professional fee$ 1.242 3,224 1.242 4.141 917 4.468 917 5.383 6 Volunt8•rs Outside ol the executive committeè, trustees and clirector5 who ère all volunteers, the chsrity has a body ol voluntèers who help run arid facilitate the festivals and exhibitions. Morè details Can be found in the tiustees, report In relation to volunteers who support the charity. 7 Donated Glfts and Servlees During the year the charity raceived 3 girt in kind for the use ol pretnises for Maths City. The preTniSes have been provided free of charge wth an estimatèd annu31 rèntal value of £1 10,000 per year. £1 10,DOO has been recogniseLI as both an income donation and an expgnse in the ye8r in linè wrth the Charities SORP guidan¢8 on gifts in kind. 8 Indgp8nd•nt Exafftinalion and Statutory Audlt F•ès Fees payabk to the indèpèndent exarniner for.. 2026 2024 Statutory audit lees Independent examination and preparation of the financial statements Payroll 8nd VAT support seNces 7.000 1,200 2.315 2.280 20
MathsWorldUK Year Ending 30th September 2025 Notes to the Financial Statements 9 Slaff Co¥ts The total stsff costs and employeè benefit5 forthe reporting period are ansFysed as follows.. 2025 2024 Wages 8nfJ salaries Soeial security costs Employer contributions to pension plans 79.719 61.960 1,050 726 80.769 62.686 Of the total staff costs disdosed abov6, £8,58812024". £nill has been allocated to content development costs within expenditure on charitable activities. Th8 remaining £72,201 12024". £62.6861 is Included wrthin staff salaries and secondrnent eosts. The average headcount ol employees during the yearwas as follows.. 2025 2024 Average hèadUnt 15 Number ol employÉes who received employ8e benefits of mor¢ than £SO,000 during the y6arwas as follows.. 202S 2024 More than £60,000 Key Management Personngl The charity considers Ils key management personnel to be the CEO. Due to the secondment arrangement, one month ol secondment costs w8r& included in the acoounls lotaling £3,175 During the period up until the 31st of Au9USt 2025 no secondrnonl arr8ngemènt was in place and time was given by the CEO voluntsrily in running tho charity. 10 Trustee Expènses During Ihe y88r one trugtee12024.. twol. incurrèd out-of-pocket expenses whieh were incurred in thè ordinary iunnin9 of ihe chanty for confergnce fees and 8dministrètive expenses. The total lor the year wes £3512024. £4981. 21
MathsWorldUK Year Ending 30th September 2025 Notes to the Financial Statements 11 Tangtble Flxèd A¥splg Maths City Exhibition Office Computèr Fixtures and Equiprnant Equipment Equipment Fittings Total At fj October 2024 Additions 207,110 250.287 3,621 727 34,379 193,535 245.837 443.822 689,659 457,397 3,621 727 227.914 Depr•c5ation At 1 October 2024 Charg8 for lS year 140.390 48,845 2,912 532 727 13,944 6,740 157,973 56.117 214.090 189,235 3,444 727 20,684 Carrylng amount At 30 Seplembtrr 2025 At 1 October 2024 268,162 17Y 207,230 20,435 475,569 66,720 709 87,864 12 Stock 2025 2024 Stock held 1.500 2.982 1,500 2,982 13 Debtor8 202S 2024 Trade debtors Accrued income Prepayment VAT reclaim 706 500.000 87.530 54.448 5.146 24,857 1,000 642,684 31,002 22
MathsWorldUK Yoar Ending 30th September 2025 Notes to the Financlal Statements 14 Cr•dltovs'. Amount8 Fallln9 Due Wtthln Onè Yèar 2026 2024 A¢¢ru¥l$ Other tax 118.199 786 11.085 1,779 118.985 12,843 15 An•ly$l¥ of Chayltable Fund• 1 Oct 2024 Income Exp¥ndiluT¢ Transfers 30 Sopt 2025 Unrostrl¢l•d Fund8 Gonèr$l funijs FI086Tves 31,681 57.800 223.848 1225,6531 115,0101 14,646 57,800 Dg•1onated Fund8 Asset. exhibition and equipment fund 87,865 156,1171 443,821 476,569 Totsl Unrnstrlct•d Fund8 177,328 223,848 1281,8701 428,811 $48,015 R••trlct•d Fund• Maths City Exhibit Grant Future d8velopmènl Soclal rnedia grant Codobroaking oxhibits Intemal wave8 exhlbil City ol maths Green Man festival grant Mlnd and Machlng Exhibits Mathsworld London Legner Mglhsworld London Bèrgemann MalhsWorli¥ London QRT Mathgworld London CIVA Malh$World London Oelo Mathsworld London G-R85ear¢h 11.308 4,164 470 43,035 5,873 113,6231 2,31S 1,321 5,485 36 4,423 14351 112,69Ql 125.9131 15,2421 132,2491 1es.000 166,2341 11,0551 18.2391 137,8501 120,4751 1139,1161 11.1871 121.4941 129.8011 132,8891 14,3041 194,7371 11.7231 142.9571 66,517 13,218 9,111 40,409 27,319 237,510 9S9 14,273 55.200 200.000 50,000 300.000 100,000 50,000 300,000 8,320 300,000 Totsl Ro8trlctgd Fund$ 78,923 1,220.200 1160,0061 1428,8111 710,308 Totsl Fundj 256,249 1.444,048 1441,9781 1,258,321 23
MathsWorldUK Year Ending 30th September 2025 Notes to the Financial Statements Fund Tr¥nsfors 2025 During the financial year. 0 number of fixed assèts wer$ pur¢ha8ed from the following fund5.' Chaots"c Earth exhibit, Codebrèaking exhibit, Gamè ol Life. Inrnal waves exhibit, M8thsCIty exhibit and Transport exhibit funds. At the point ol purchase, th8 ossets are then held within the asset- designated fund, To rellecl that the asy8ts have bgèn purchased Irarn the restrict•d fvnd, transfers for the value tsf the gssats have bèen made to the asset designated fund. An•lysl$ ol Charft8bl• Fund8 Cont. 1 Oct 2023 Incom& Expenditure Transfer$ 30 sèpt 2024 Unr•itrl¢ted Fund• General fun4s Re$grve8 se,08g 233,502 1200,1301 157,8001 57,800 31,661 67,800 De$lgnat*d Fund• A3sei, exhibits.on and equipment fund 89,233 147.1611 45,793 87,865 Tot•1 Unro?trlctod Fund$ 146,322 233,502 1247,2911 45,793 177,318 R•strl¢t•d Funds Chaotic Earih exhlblt grant City ol math5 Codebreaking exhibits Content develc)pm8nl Game tsl life Graen fe$tivA1 gr8nt Internal waves exhibit MathBCity exhibit grant Mothscity running costs Simon Norfflan prize Social media granl Transport ¢xttibit grant Tot¥1 R?$trlctod Fund$ 15,007 114.1961 27,600 46,000 55,000 2,000 3,700 11,500 113,3271 14,273 41,980 4,164 14.0201 150.8381 12501 12.6451 11.7501 1,060 6,673 11,308 15,8271 110,0001 29,234 17.9261 125,0001 18701 13751 25.000 870 470 10.000 110,0001 146,7931 S4,241 172,515 {102,040 78,923 Total Fund• 199,563 406,017 1349,3311 2S6,249 Fund Tran#t•rs 2024 During the financial year, a number of fixed assets re purchased from tha following funds.. Chsotic Earth exhibit, Codabreaking exhibit, Game of Life, Internal waves exhibit, Mglhscity exhibit 8nd Transport exhibit funds. At the point of purchase, the assets are then held within the asset- designated fund. To reflect that the a$sets have b8en purchased from thé restricted fund, transfars for the value ol the assets have been made ta the assat de5ionated fund. 24
MathsWorldUK Yoar Endlng 30th September 2025 Notes to the Financial Statements Fund Oeserlptto D8slgnat•d Fund$ Asset. exhibits.on and equitment Fund ty hold organisation's assets at net book value. fund R•8trf¢t•d Funits Chaotic Earih exhibrt grant City of maths Codebreaking exhibts Content developmènt Game of life Green man festival grant Grant to develop new exhtr)ibons for Mathscty Grant to ueate a three year programme of maths outreach actiwty Grant to develop new exhibOn5 for Mathscity Grant for the creaton of new exhibits Grant to dèvèlLV new exhibits.ons lor Malh5C*ty Grant to devèltsp and tske maths actiVe5 and bratn scanners to a f•sb"val Internal wave5 ethibit Grant to develop new exh(ofa"ons for Mathscty Mathscity exhibit grant Grant to esiablish and devel tme exhibits at Math5Cty Math5City running eosts Grant to support Mathscty tunn¢TrJ Ixssts Simon Nomian prize Grant to set up a prize lor maths outreath intemats.onal Swal media grant Grant to create mathematic5 social media content Transport exhibit grant Grant gNen to purchase ethityt London 9rant Fund tg establish Mathsworkl London MathsW¢)rtd London ts3rer Grant to establish Mathsworkl London Mathsworkl London Bèrgemann Grant to establish Mathsworkl London Mathswortd London QRT Grant to establish Mathsworfd London Mathswortd London CIVA Giant to establish Maihsworhy London Malhsworkl London Delo Grant to establish Mathsworkl London IAathsWorhJ Londoo G-Rearth Granl to estolsh Mathsworld London 25
MathsWorldUK Year Ending 30th September 2025 Notes to tho Financial Statements 16 Analy$ls Of Net Assets Betwmn Funds Unrestr1 Restricted Totsl Funds Funds Funds 202$ 476.569 901.737 1118,98SI 1.268,321 Fixtd assets cUt assets Credr(ors less than 1 year 475.569 191.431 1118.985) 548.015 710.3C6 710.306 Unrestricted Funds Restricted Total Funds FuDd$ 2024 87,86S 181.227 112.8431 2S6,249 Fixed assets Current assets Creditors less than 1 y8ar 87.865 102.304 112.8431 177.326 78,923 78.923 17 Relat•d Partie* There were no related party transactions Ihat pla duriThJ thè year12024". NIHI. 18 Op•r¥ting Leases At 30 September 2025. the charty had ftthsre rninMn(m Sse payments er non-cart&llab cpeTabng 1gase5 as follows.. 2025 2024 Not lat&r than one year Later than one year and not latef than fve years 175,220 277,810 453.030 The charitys operdtingloase ¢<Hnmilments la to premises used ftsr Mathsworld in Londoft and Mathscty in Le8ds. 26