Charlty re815tTrtivn number 1164654 INSTITUTE FOR RESEARCH IN SCHOOLS ANNUAL REPORT AND FINANCIAL STATEMENrs FOR THE YEAR ENOED 31 AUGUST 2025 INsfiTUTE FOR RE5EAR(&I IN SCHOOLS LEGAL AND ADMINISTRATPIE INFORMAnoN Trustees Tlmothy Edward5 Ichairl Humphrey Battcock CBE Ann Mroi Rev Professor Mlchael Relss Dam• Madel8lné Atklns JS11 Davies ITe5igned December 20251 Slrnon Lebus CBE lappolntsd February 20261 Colln Bashford lappolhted February 20261 Charlty number 1164654 Company numb•r CE005767 Audltor Affinla IOrplnKtonl Lynwood House Crofton Road Orplniton K•nt R6 8QE Soll¢ltor$ W•ll, Gotshal & Manses LLP 110 F•tt•r Lin• London EC4A IAV IN￿TuTE FOR RESEARCH IN SCHOOLS Tru5tees' r•port Statement of Trust••s' rnsponsibiliti05 Indep•nd•nt •udltor's rnport 8-10 Statsm•nt offinan¢hl •thM•s li stst•m•nt of flnanelal posltlon 12 stat•m•nt of c45h flows 13 Notss to the financtsl 5t*tsm*nts 14-25 INSTrTufE FOR RESEAR(>I IN SCHOOLS TRU5fEES' REPORT FOR THE YEAR ENDED 31 AUGUST2025 The Trust••s pr*sent their annual report and financial 5tstements for th• yèarended 31 A￿uSt 2025. The financlal statèn*nts have been p￿pared in accordance with the accounfjng policl•s s•t out In note i to the financial ststeménts and comply with th• charity'5 governing document, thè Charities Act 2011 and "Accounting and Reportin8 by Charities.. Statement of Recomm•nded Prathce appllcable to charttle5 preparlnR their accounts In accordance with the Flnanclal RÈportin8 Standard applicable In the UK and RepublSc of Ireland (Frs 1021" leff•ctlv• l January 20191. Oblortlves and actlvltles IRIS aims to changa th• culture of UK educatlon so that every young person can take part in authen￿¢ mse4￿h nd innovatlon whlle at school. IRIS. impact from Sèptember 1" 2024- August 31" 2025 year Ss s•t out In our Annual Impact A•port whlth can be viewed here Iiy IN￿lTuTE FOR RESEARCH IN SCHOOLS TRusfEES' REPORT IcoNnNUEoI FOR THE YEAR ENDED31 AUGUST2025 Achlevements and pertormance Significont uctivitles und achievements OPÉiinst obje¢tives rm Inst our sirateglc Prlorlty Key Perfomiance Indlcator Outcom• as of 31st August 2025 Annual ObSectlve$ Student enga8ement 1500 student5 taklng part a project. w5th ot least 90% attendlng stste schools. 1809 studénts haw taken part an IRIS research proleet wfth 86% of studènts att•ndin8 a stste school. Number At least 100 ac￿Ve 5choo15 whlch are broadly representa￿V• of type5 of schools across the UK. By Juty 2025 this will Sncludè a state funded School In Wales and a special provision school. 93 scheols Including schoo15 In England. Scotland, Wale5. and Northern Ireland. Wtr falled to sucrRed Sn supportln8 a special provlsiorn school to the polnt of research project completion. We contlnuo to work on this. We are also looklng at the number of SEN students we support In malnstream educats'on. of School$ etentton Achl•vo a school ratantyon rate of at least 75% by july 2025. 76% retentlon rate Ischoo15 have ctsnttnu•d to work with IRIS thi5 ytarwho have worked wlth us over the previous three years, and an Increaslng numbèr of schools are doing their own STEM research, Ind•pendent of IRIS). Conferenc• actlvltv 180 artefads submltted and pr•s•nt•d at confereno. A total of 261 artèfacts were submlttgd to conferènce- 243 posters and 18 prés•ntadon5. At least 450 students to attend IRIS student conferences In June 2025. 694 student5 attended the IRIS student res•arch confer•nces In June 2025. Orl8lnal resear¢h At least 300 students carrylnK out Orlglnal Research in the academSc year Septemb•r 2024 to August 2025. 321 students carrfjed out Orlglnal Research In the academic year September 2024 to AuBLL5t 2025. Publlcations The publication of one student research paFEr in an academlc journal or similar. I papers publlshed Involvlng the research of over 30 Students from 5 schools. INSTITUTE FOR RESEARCH IN SCHOOLS TRusfEES' REPORT ICONTINUEOI FOR THE YEAR ENDED31 AUGUST2025 Longer Term Objectlves Collaboral8 wilh partne15 10 IRIS viorks collaboratlvely i'iilh a wide range 01 maxlniise oui impact partners lo plan and delivei hlgh-4uality research opportunllles in schools. Thèsè partnershipy slrBngthen our reach and amplifv thè impact of our bvork Vle also champion the iirporlance ol real iesearch in educalbon by shaf5ng learning. resotjcces and opportunities acros5 our nètv,'orks Bnd with k&y stakeholder5 Publish. promote and last tha u88 Th8 IRIS Res9aich & Innovation Fraiiiei'iork. 01 Ihe flesearch & Innovation published in Iwlay 2022. pi'ovides a strLicluied Frameviork in schools. approach 10 embedding authentic research experiences in school 58ltings. A natlonal pilot Involvin9 aroiind 2,500 studfrnls concluded in N1arch 2024. and the Dulcomes have bèèn Independently èvalLsgled. The gvalvalion report was laLinched in June 2025 and Pfol'ides clear ei'idenco ol the Iiame¥vork's i'alLie In supportiny sludonl eiigagemenl. sklll d*iielopinenl and pro9re55iOn i?'e aig currently seeking fundiiig and partnership for the scallng up ol thi3 progranin)g IRIS 15 cornniStted lo under51anding and e% ideiiciiig thè impact of researcli exp¢iience5 on young people. b4*18 publlsh annual1inpoct Reporls and share Ihem ￿lde11 across ihe '1 e also use Ihe Higher Education Acce9s Tracker (HEATI lo support long-l¥¥ii) tracking ol sludenl prog¢ession and Inipacl Embeddlng culiure of reseaich & Innovation Measure r8su118 Measure. reeord and share the Iinpact ol research in schools. Plans for fvture perlodi Our flve-y•ar strate8y Il" Sept 2024. AuKu5t 31" 20291 is focused on th•s• four areas. Research PTojects- Provlde iran5formadv• opportunltl¢s for ycuThi people to take part In r•sèarch in xhools Research aThd innovation- Emkd a culture of researth and innovatton In UK schools Collaborate- work wlth others to maxlmise Impact Measure results- Damonstrate the Impact of research and Innovation in Schools INSTITUTE FOR RESEARCH IN SCHOOLS TRUSfEES' REPORT {CONTINUEDI FOR THE Y£4R ENDED31 AUGUST2025 Statement on compSlèn¢e wlth Charlty Commisslon Ruldgnce on publlc benefit When deciding on a¢￿vItI@5 and ev•nts, the Trustees pay due re8ard to the Charity Commission's gLldance on public beneflt. IRIS provid•s dlrect support to teachers and 5chcr*l ￿aders. and opportunI￿eS for students to partlclpate In outhentlc reSea￿h IRIS provides hlghquality materia15 and onllne materia15 for 5tud¢nts and tsache IRIS fatllitates the developmènt of a cultur¢ of research and Innovatton In schools IRIS evaluates our work through both Sntsrnal and external evaluatitin athVI￿*s. U$e of Volunteers IAIS does not volunteers to fa¢llStst• Its work, beyond partnershlp work with organisatlons s￿h as unlversMe5 and Industry. Fundrnlsln8 In the flnanclal perlod 111 S•pt•mber 2024 to 3111 Au8USt 2025 IRIS s•¢ur•d th• followin8 fundi￿.. £1.420,000 Battcock Charltabl• Trust- unrestrfcted lundlni In support ol the development and dellvery of thè work of IRIS £841 Sclenct and Teehnolryy FacIli￿e$ Councll to support a m•stercl)s5 at the Rutherford Appleton Laboratory for studants workin8 on the ATLAS studant research prolect. Flnanclol revlew Incorne for the ￿artOtall*d £1.429,440 of which £900 was related to grdnts and project fundlng. Exp•ndlture for th• y•ar was wlthin budgèt. Exp•ndlture 5ntrÈas•d to £1,443,661. Thls Included 4hn incre45e ovar the period on salarie5 as IR15 contlnued to bulld thè team to meet 5trnté8it obj8ctfves and r•swThd to demand. IRIS •nded the finanelal ￿rIOd wlth £758,442 of unrestrlct•d funds avallabl•. 2024,'25 2023,'24 2022,'23' 202122 2020:'21 Expendrture on Charitable Activities Idel Funds at ear end £1449443 f.1 354.656 .1.483.079 £722.000 f431.000 £758 442 £772.6 £547 537 £294 000 f.276 000 * 2022123 was a 17 month perK)d Income arise5 from donation5, grants and Interest. Reserves pollcv TheTrustee5 have approved a R•serv•5 Pollcy whith sèeks to maSntain reservas, or unrestricted fund5, of at least 3 months, expenditure, and thls has been achievèd for both 2025 and 2024. INSTITUTE FOR RESEARCH IN SCHOOLS TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR EPIDED31 AU6UST2025 How we ensure our budget all8ns wth our charltablè objettives In 2024125 IRIS. prfncipal 50Ltrce of income h?5 teen the Battcock CharttèblèTrust. We hdd an annual Strategy Day at the start of the year at which tha Senior Leadership tram prèsènts and develops strnt88y plans for SCTUtlny and approval by the Trustees. The Senlor LÈadership Team th•n produce Opéra￿Onal plans that align wlth the 5tTrtegy. and the budget Is set and approved by the Trustees. The Trustees revlew the dellvery of the opèraUonJl plan5 and the assoclatsd budBet with the Dlrector and the S•nlor Leader5hlp Team at each Trustees met￿nI. Rlsk factors and revlew Trustees malntaln an Up-t￿date risk register to 8Ltide their strate(Ic and op•rational dec151on-maklng for IRIS. Thav 3150 apply MI￿$ation stratezl•s for r15ks as approprlat•. Prln¢lpal rlsks Ensurln8 thè safety of the ygun6 people we work wtth Is a top prlor5ty for IRIS. To mo￿8ate ri5k4 we follow uide15n?s In K•8plng Children Safe In EdUCa￿On IKCSIEI and conduct regular 5afeguardlng trainlnl for staff and tru5t••s. IRIS has also id•ntlfied a risk in retylng prlmarlly on the 8attcock Charltable Trust to fund Itswork. We are pursulni opportunlties for lon8.term diV•r51flca￿Qn of fundlng and 5¢ekln8 Partners and fundèrs to Krow ind promote thelr work over the next flve years. Structure. governance and mano8ement Nature of governlng document and how th• charlty Is constltuted The Instlt¢Jtè for Research In Sthocsls IIRISI 15 a r*gistered charity Ino. 11646541 and Charltable Incorpornt•d Or8an5satlon g¢)Vtrned by a constltution dated I" Septembor 2015. 0￿￿￿58t￿onal Jtrurtu IRIS 15 Koverned by a Board of Trustees and has ap￿l￿ted a Senlor Leadership Team. The Trust•ts shape and agree on the 5trateey and budget •ath year and th• Senior Leadershlp Team d•v•lops and Implements an operatlonal plan to achieve th• aims of the or6an15allon, re8uSarly r•poTYn£ ￿ck to the Board of Trustees on pro8re55. Recrnltmont and appolntment of trustees and dlrertors. Interests At thé end of August 2025, IRIS ha5 a soard of 6 Truste•s, Truste•s are appolntéd, aftèr a r•crultm•nt proce55 based Dn a conslderation of the qualitles. experknse and experlence nèedèd by the Board. Thé Board of Trust••s has the pow•r to appolnt additional Trustees as it sees fit. Inductlon and tralnlng of trustee5 Trustees joining IRIS are sublect to a D8S check and then undergo an Induc￿On. Th• procèdure for the Induction and tralning of new Trustses varles according to indlvldual neèds and familiartty wlth the charity, but normally include5 the provision of a dètailed infgrmation pack, safeguarding trainlng and one or more meeUng5 With senior staff andlor other Trustees to provide further brieftngs. The induction Includes Information on the governance gf the orgènisation, the most ￿Cent Financial Report, and the mlnutes of the previou5 Trustee Meeting, as wèll as an outline of the expectatlons of Trustees. INSTITUTE FOR RESEARCH Ihl SCHOOLS TrUSTEES' REP(IRT ICONnNUEDI FOR THE YEAR ENDED31 AUGU5T2025 Relattonshlpwith the wlder network and reloted partles IRIS15 well-linked wlth other organisafjon5 In th• STEM and education landscape. IRI¥ leadershlp of the STEM Collabordtion Group has to a stron8 collects've volce for change callin8 for an update to the curriculum making It more relevBnt foryoung people. Our work on the Res•arch & Innovatlon Framework has led to strong lationships belng bu1￿ with other organlsadons such as STEM Leaming. the Assoclation of Science Educatlon. the British Sclence Association artd the Royal society of Chem15try. Work on our Research Projects In the past year has led to partnerships with UKRI, the STFC, the james Webb Space Telescope, UK Space. Tha UnNer51ty of Leed5. the Brmsh ScSence A550clation. the Royal Mlcroscopical Society, ZeroAv5a. the Natural History Museum, thè University of Oxford and P8mbroke College at the University of Oxford, the Céntre for Polar Ob5ervatton and Modelling. Ruthorford Appletort Laboratoryi Game RaDIe￿ Int•rnattonal and the David Sh•pherd Wlldllfe Foundatfon. IR1515 8rateful forth• condnu•d 5UPPOrt of tht Battcock Charitable TrusL The TrLtstee5' report was approvad by the Board ofTruste•s. Tlmothy Edwards (Cha Trustee Dat•.. INSTITUTE FOR RESEARCH IN SCHOOLS STATEME1￿ OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST2025 The Trustees are re5panslble for preparing the TfUStees' Report and the financial ststem•nts in accordance wlth appllcable low and United Kingdom Accounting Stsndards (United Kingdom GeneE311y Acceptsd Accounll Practlcel. Thg law applKabl• to charltles Sn England and Wal05 rèqulre5 the Trustees to prepare financial ststttments for each financSal year which glv• a true and fair view of the 5tsts of affairs of the charlty and of the Ino)mlng resources and appllcadon of resourc•5 of th• charlty for that year. In preparln8 these financlal ststements, the Truste•s are required to: - select sultabl• accountinq polkles and th•n apply them conslst•ntlv,' - observe the methods and prtnclples In the Charldes SORP.. - mak•ludièments and qsdmates that are reasonable and prud•nt,' - State whether appllcable arcountlng 5t4ndards hav• been followed, subl•ct to any materSal d•pI￿r¢S d15clos•d Ind eKplalned in the Inancial stat•m•nts,' and - prepare the flnanclal 5tat¢ments on th• ioln8 Concern ba51s unl•ss ￿ Is InappToprlit• to pmsume that th• charlty w511 condnu• In operadon. The Trustees are r•sponslbl¢ for keepfng suffielént accounfjn8 records thot disclos• w5th raasonable accuracy at any ttmt the flThancSal posltton of the charlty and enable thern to ensur• that the flnancial statemants comply with th• Charlttes Act 2011, the Charlty IA¢co¢Jnt5 and R8POrtsl Regulattons 2008 and the prov151ons of th• trust deed. They are a150 r•sponslbl* for safe4uardln¥ the a5Sats of the charlty and ￿Tr¢e for taklng r•a50nable step5 for th• pr¢v¢ndon and det•ctlon of fraud and oth•r irr•gularthe5, INsnTIJTE FOR RESEARCH IN SCHOOLS INDEPENDENT AUDITOR'S REPORT TO THE TRU5tEES OF INSTITUTE FOR RESEARCH IN SCHOOL5 Oplnlon We audited the financial 5tstement5 of In5tltute for ReseaY¢h in Schools Ithe'charity'l for the year ended 31 August 2025 which cornprise the statemènt of Ilnancial activities, the statement of financial position, th ststement of ta5h flows and notes to the financial statements, including 51gnSficant accounting poli¢ies. Th financial repar￿n8 framework that has been applled In the5r Prepara￿on Is appllcable and United Kin8dom Ac¢ounfjng stsndards. including Financial Reporting Stsndard 102 Tl7e Flnt7nclal Reporting Standard qpplicoble In the UK und Republic of Ireland Iunlted Klngdom Generally Accepted Accountin6 prac￿¢￿1. In our opinlon, the financial statements.. give a tru£ and lalr vl•w of the state of the charitV'5 affalr5 as at 31 August 2025 and of It5 lTrcomln¥ resources and applica￿On of resources. for thè yoar thèn •nd•d- have been proparly prepared In accordance wilh United Klngdom G•n*rally Aec•pt•d Accounting Practice,. and have béèn prep8r8d in accordance wr