Ci)mpan} i-egi%traiion nunibil.: U770666? IN2SCIENCEUK.ORG 1.4 comln} limited bj ouaranteel .4nnuJl Rewrt and Financial Staternents tor the Year Lnd¢d.10 NoNembei 2024 -rah&% & Co Ltd Suite i. S¢cond Floor 760 Easlel"n Avenue NLM'buri Park London IG2 7HU
tN2SCIV_YI CEI UK.ORG Conteiits ReteiEnie and.4dininislidiiv¢ Deuils Trusteis. Rcpoit 2to7 Siattmint ot l-Iwste¢s' Re8ponhibilities Independenl.4uditor> Report 9 10 12 Siatement ol Fiiiancial Atlivities Balance Sheei 14 Noies 10 (he FinanLial Statemenis lito23
IN2SCIENCEUK.ORG Reference aIid Administi'ative Detail$ CIIAir Jonathan Flo1e1-S 'ite Chali. Kate Cirant Cliief EYecutiv¢ Offlter Colbv Benari Iresigiied August ?0241 tiphen I lJncock' lappointcd Au(Tus1 ?0941 Trustees Kale Gi'ani 18riia Fai'oiiqui icholas laIde Clare Ray Jaiiies Russell Paul .1 opping Phoebe Whiiehead Prot Bi?an Williams Mai'7.ia Farooqui Ti'ea5uroi' Reglstered Offite 10 Qiieeii Street Place London EC4R I BE -I'lie thttritv is incortM)rated in Engl&nd and Wales. 0770666? Company Rrglstr&tion Number Charity Registrgtioll Ni umbtr 1164821 Bankers 11$14C 39 Tottenhuill Coun Road Londuii II'IT2AR Auditors Tahas &, Co Ltd Suiie 3, %ecnnd Floor 760 1.'asteiM AKenue Neikbui) Pai'k London IG2 71-IU
I.N2SCIENCEUK.ORG Ti-usteesl Repoi't The Trustees, iiho drc diiLCtors tor th¢ puipo%es ot companfv lai¥. present the annual I'epori iogethei. 1[h the tnanCIaL %lai¢inLllt% of thi chai'itable ¢ompic ny toi. the énded 30 Noi'etnb¢r ?024. The 1&n1claI siat¢m¢nig have E¢en prepaird in accoydancc ivith EhL accountin policies sei out in noie ? of tlie finalicilI stsleineiils &rtd coillplN willi Ilie ChariN's uoi'erniiig docunient Imeniorandum and aitiiles ul- a5SOCldtion, incorporated l i17J?O I l and amLnded bi speLial iysolution 1141201 i aiid 31712015 as ainended on 2161?0191. Objecthves and Activitie$ In tlit I,'K. voung Piopli from lo1 SOLIOCCOllOrniC baLkgi'ounds tace mdj(11- baii-iers pui'suing higher <clucaiion and carLer8 in SCiiiiLe. te¢linologs', etigine¢ring. and maiheinaiic5 {STEIl. These iiiclude. l)ul are noi Iimiiid to. a latk ot- oppvrlunil}' to expei'ieiice STEIKI ii-orkplaces ti1st.hand, enaC iviih piDtessi()nal role modelb Jnd access high qiialil%' inlurinaiion on Ili-ailable de4)fLes and career8. This coniribut¢5 10 the dispropoiiionatel%' loi¥. IEpKesLniatii)ll ol- PLI)plt lyom low 50¢ioe¢onomic bacLgrounds in STE¥[ higli¢r eduLdliun and ClI.¢¢i'S. Tli¢ visioii Dl'ln?sciencelJK is Ill[ all young peoplL %hould bL able to luif11 Iheiy poictiiial and a¢Less STEM degiEe5 and cariCI'S. rtoaiQl¢%% ot theii. backiTround. We achieve Ihis b). l¢veraging Ihe cDiniiiitmenl aild expertise ol-8TF.IlA prDfissionals io unlock eRgauem¢nl OPPOl1uniii¢s buildin¥ Ilie knowledoe. skills and contidence ot Ihe young peopli thai li'e support. In duing $0 aim (o einpoivei. yOLing people tIDTll loii, sncii)economic backgrounds 10 blcome th¢ rtext generaiion ot. STEM rcseairhers, illliovators and pioneers. The beneticiaries ot In?scienceUK eye peupl¢ Iroin Ihe low 50cioecoDomic and disadvantaoed back(ri'ounds ii'iih an inierest in STEM deg1.ees and iairer& Mo$t ot. our bencticiai'ies h&i'e no tamily histoiy ot hiJo ier educaiion dIol. are eligible tor tIEe scliool mettl%. The In2STETri I pi'ograllime 15 aitDed at year 12 stud¢nls 116-17 yeai's old) Ivhts are from a loi¥ so¢ioe¢onomic baLk.oiuuIid ii'lio al'e sludving a s-fF.IA subject. l-he pmgi'ammc involves a l.? ¥¥eek, in-persun ikdi'k plaLemeiii lIh a S'I'LM emplovir. I his expericnee 15 undeipinned bv ivDrkshLlPS, training and support to apply to univer51tv. In ?024 Ihe In?STEM pix)gramtne iv2s delivered iii a bltnded toiThal ii'iih ii-01-k8hop% iakino place ortline and cveiiis and placemtnis ol'lered in rSOn. We 5UPPOlted a toial of 8il siudents throuuh Ilie pl.ogi71lIit and ?7,477 in-peison placem¢llt liour.q took place. 206 8tiidLnrs look pail in a tull) Ollline prOgrme which included onlint courses. Ivork8hops and mentoring. Tlie In2research progr*mme sui)poi'ts uiidei'ui'aduate5 and gradiiates lo Consider acadeniic I'esedl'¢h as a luiui't caircr. 'I'he l ? monih pi'oyamme involves skills Iiaining, iiienttsring, diiay days and culniinates in a two-nionih pla¢eiDeni ill the summei.. Ive 5UPPDlt¢d 121 paiticipan15 to coinpleiL Ihc i)IDoiTrnitn¢ in 202J124. In addiiion to ihe expei'ieiices and suppoi't Ilial l'oung people rlceive during their pa11icipation. In2sciLiiceUk has paiinei'ed iviili Leading Rouies io chanoe the discou1 in academia and suppoit a Lulture in ivliich BAME srudeAI8 are able 10 pi'ogirss onto postgiLIa1e de¢trees in re5¢Jr¢h iniettsivt institulions. Our 1112c#reei's pro£i'aDiJn¢ ivas launchcd in 2023 and continues to groiv troin strength to sirettgtli. In2care¢15 5uppoI'l8 aluiiini ()t- our proJo ammes as ti'ell os oilier voung proltssionals ol. stniilar backgrounds lo .secuit employment in a STEM subjeLI. In addilloti tu regulai i%oi'kshops, siie vi.sits and chances to conne¢t ltI7 STENf emplov¢i'.s. ifve oiTer a n¢ar-peei' nientorin2 programme. rhe coi'net%tone ot. Ihi In?careers progixmme is the In?¢ai-eers plaltorm, th'hich enablc% paiticipants 10 engage. take part in evenls, Deilvoi'k ivith peel's and access ¢mployabilipJ' and intei'nship oppoituniiies. There ai'¢ Luri'enilv 2.319 us¢15 r¢gislei'ed on tlie Sn2careeTS plartorm. In planning each ot. these aciivitie$ ite have carefull), ci)nsidered the guidance notes providcd by the Charit} Commis5ign to ensure that each provides o clear publi¢ benetit. Page 2
tN2SCIENCEUK.ORG
Trustees, Report
Sincc In?s¢i¢n¢¢UK il'as Ioltnded in ?01 l. oler 4,000 stud¢iiis, !OUllU
people and gi'dduaies have partliipai¢d in our
pru¥Jinines. _4LLordintl to oui. dau li-om UCIIS ol. 111¢ 2112().11122 In2%'1'F..Kl cfjlinrt. 91)Oth apply to UllllLfsiry'. 91
.Th Ot. ii'hiLli apply 10 STEM 5ubje¥lS. This nuinbei. conipare5
exiiEmilv tavoui?bl! again%1 I'elil'ant national aierages l-or studenis li'om blin11 SOLlO-ecunomii baLkgroundR.
'olunreer contribuiio
In 2074 11'L iverL sUPPOlted b). 78) volunieers ii-liu liusted i8.)27 hours ol- iti-person-placeinents ii'tll as
providing hundi'ed5 vf huurs Qt. menioi'ing. ii-od(shvps, athd &ppliLaiion and inttivieiv adb'ice. Volunteti% dilii'ercd
oiiline leciur¢s on a K-tsi'ieiv ol- subjecis as part ol o¥¢tanised online sessions The majoiitri Ot. I'olunteers al'e STEkl
protessiontsl% il'iihin acodemia indusiry,. Volunieer nientors pi'ovided bespoke suptH)fL to smxll gi-oups ol- ioui)o
people. basc on vvEin¥ people'i inieresls. These include LUI'I'ent S-l-LfvI p05tgiJduitie SludLnis. <ai'l) carcil.
reseaicliei's. and esiablished piDtes5ionals including elinicians, scie1ilits, and piote%%nY.%. In Ihi5 I4%iy Ilie STENI
reseai'cli cummunilj l)lai's a pii'olal r()le in pi'Diwidinu lite changing opportuniiiis and oiving back young peopl¢
Ironi di%adiraniaged ba¥kgi0nd$.
Key achieve1entS - In2STEIM pi'ogJ'3nJnJe
In 7024 lie received 2.039 eligible dpplicaiions troiii sludenls aCIVS5 ihe UK and lie sUPPOt1ed %) I students.
P<irtiLipanis ii'ei'e tiom loiv socioetonoinic and dis
IN2SCLENCEUK.ORG
Trustees, Repoi't
°i Ot. und¢itakin4 postraduate i'ts¢ai-¢h. iiiih 930,0 5a!ints lh¢
Lindei'siood iiliat thi da> to dlY Qt. postgiaduaii I'CSL¢lr¢h involves. compai'td ID jusi 160/0 Pl'iol. 10 Ilie piogratRme.
980/0 Ot participanis siaied Ihe pi'oU
tYL 2SCtENCEUK.ORG
Trustees, Report
In response ILTr the iiiid&Vt31' ehallingi: and to LnSUYi Ihc oi¥anisation'i onuoino operdEional sustainabilili and
eon1inliL dilik-ll) Qt. mLaningliil itnpaci. a LonipreSiensL¢ ievie¥v ol. e.KpeiiJiiiiie uiicleiiaken diiring 2024.
Initial COSL savings iiei'e realiseLi Ihrou?li reduLiir)ns in overlieads., hoiiever, a bi-c)ader oi'oanisational resti'ucturi Thas
r¢4uir¢d to bl'ing expenditui'e baLk in line i%iiih incoiili. l-his rislrucliiring process fisulted in the redundallcy ol- I I
roles 13i'/ol, snine ot. which ii'ere vactsnl. Ihcse ii'ere prèdomin3ntl>' aciu55 lundraisiiig. coiiiniuRicatiDiis. and
0ratIOnal IuiiLti(>ns. Ettorts ivere Ihade to reidin piDgidiiiiiie deli¢1) PaLL1V, a slir&iiiliiicd support liam
maintained to ènsure continiied elleLiiven¢ss aLlUSS essential tuD¢tions.
Looking ahead. we aniicipaik income levils in FY20?5 to reinain broadlN tortsisient iviih Ihe prei ious Neai.. We
have Ictlecied on Illi challenges i)t' Ilie last v¢&i' aiid used Ilie lessons leaiiied to rebalance ovr infvLsinient 10 ensure
Ihat we loius on delii'eri51g Pl'oarnllnles at a suslaiiied level. supp()Ited bl, a leallei. opeiatinu Inodel. This diiciplined
appiall1 to cost managenieni and piogrammi exe¢ution position5 lib 10 restoi'e Dur resiri'es 10 iar¥ei levels b>, Ilie
end ot I".Y?n?j.
Addiiioiial achievtiiitllt
oanisatians ifvhich. in addition 10 lundin
WL hai'e inoaued Reii sponsoi's and collaboi'aiions with aligned STEfvI oi..
die prograinme. pi'ovides us with addiiional STF.Fvl netivoiks and placeineni oprKJrtunities.
I'lic li-iisiees
D12SCIF.NCEliK.ORC.
Tyustees, Repoyt
ftat't. Lindiilake mandaton. %atL?¢tuJrdinLT Irainints on joinino th¢ vi-ganirIVn appi'upriule LO theii. I'ole and l
IN2SCJENCEUK.ORG Trustees, Report Plall$ for the futhre There is a critical Deed for prOaeS thAt tPower sMdents frtstD low soctocconomic backgrounds to aLb the fvll potential. We remain COM[led Io WOTknig witb out key partueTS lo dVanCe oiir sbared goal L)f enabling these sttjdents to pursue STEM degrees and Lateers, addressing the 'leaky pipelwL' thal hinder5 progTession BJ losiering social Tllobility and tackling the glowing skills gap in the LQ( STEM WOTklorLe, our Initiauves aim EO irlale lasting clwige. Our medium-ternl goal is lo expand OUT prograu)mes lo reaLh the most underserved lr)MllEites, particularly in regions with limited aLcess lo opportunities alld a disparity in youllg people prowssillg tu STEM education and careers. Through targeted support. we strive to enswe thdl every young persott. regdrdlesg of backwuud. has the chance 10 succeed in STEM. Di5c105ur¢ of iDfonnAtioD to auditor Each trustee has taken steps that they ought to have kell as a Irusiee in oideT to oiake thetDselves aware of any relev2nt Audit infonnation aud io ¢stAblisb that tbe charity's auditor is awate of infom)aiion. The nijstees confir]n that there is no relev&nt informatiou that they know of 20d of which they know the auditor is uniwate. The anaual report was approved by the trustees of the charity on 3 June 2025 and signed on irs behalf by.. Flowers Chair and Tn£¢¢
IN2SCIENCEUKORG Statement of Tru5tees' Responsibilities The trustees (who ate olso the directOTS of IN2SCIt,'NCEUK.ORCT for the putP05es thlcompamy lawl are 8ponSIble forprepariug the trttte$, report end Ihe fa¢1a1 state1$ ill dCLOTdanLe with applieable law and Uuited Kingdom Accousjtillg Ststtdards (United Kingdts GeDer211y Accepted Atcoulltu)¥ Pratuct). Includjng FRS 102 '-the Fiaaoctal Reporting Stgndard applirable in the UK attd Repubitc ofIreand Company law requi& the tnjstees to Prepare fmallcial slaleEllents for eaLb finaDcial yedr. Under iompany law Ibe ttte5 Jnust not approve tbe Fancial slalemenls unless they are satisfied Ihal they give a Irue and fair ViLiV of Elle 51ate of atfaiTS of the charitable compally and of the incoming resources and applicetion of resources, including ILS incollje and eKpellthtu. of the charitable compaDy for that period. En preparino tbese tilla18] slatemenls. thc IneS t rrquited its." select suitable aCcollnt8 policies attd apply them ¢OllSTSteDiIy- ob5eTve the rnethods and priDciple5 ill the Cbatitie5 SORP", keiudoemettts and estimates that are reasonable and ptudent" stste whether applicable 2CCOUUtEll8 Standards, coTJptisÈllg FRS 102 have been followed, subject lo any mattrial departwes disclosed ond explained in tbe fiDancial statements,. and prepare the fclai statements oo tbe goiog coacern bas unless il is inappropriate to Ptesullle that the chltable compèlly wtll ¢ontinue iu business. The tTUStees arerespDnsible lor keepiDg propEI &CCOUlitillg iecoids that can disclose with reasoDable accuracy at apy time the fvlancial w)sition of the cb2rit&blE COpanY and eDable thellL to ensure thal the fiuaucia] stalemertts conwly
: with thc CompaDi¢S Act 2006. They are a]sts responsible for 5afrguatding the assets of the charitable compaDy and bence foiiaknng reasonable steps foi the pEVentiO alld detection of fiaud and other Erregulatities. The tnLStee$ are re5PODsible for th¢ maintenance atld ir¢tegtity of the Co0[ate alld fjnancial itifonllatiorL iocluded on the cb8rfttable co]Dpany's websit¢. LeBislatiofj governing the preparation and diSse[atiOn of fiDallcial 5tatetneDts "è, m&y differ from kgtslation in otheriurisdictions. Appioved by the tntsttt5 of the Chlty on 3 JuBe 2025 and siglled on its behalf by.. lowets "' Chair and Ttte
IN2SCIENCEUK.ORG Independent Auditor's Report to tbe IleTberS of ll¥2SCIENCEIIK.ORG Opithi(Jrt WL have audiiid tlie tinancial slateinenis ol. IX.tiSCIENCELK.OR(s lih¢ 'chai'itN I loi- Ihe vear ended .3a NDembcr ?0?4. 11.hich coniprise the Sii21emenl ul. Financial ALtitrities. L4al4lDC¢ %heet. and Noies EO thi l.-inan¢ial Staiemenis. policies. -l-lie tinancial I'cporiinu tianiework Iliat been applitd in theii- pirparatinn is United Kin4di)m Accounting Standards, coillprising Chariiies SORP - FRS 10? Tli¢ FinanLial Rewrting Siandni'd appSiL&ble in Ilie U.K and RepubliL sjl. IIEland' and £1ppIiLdble Iv Iuniied Kingdom CJLnLrallv Accepted ALLountin? PraLiicel. give Irue and laii. vi¢ii' of the irai¢ Ot the charit) i afla1 as Qt 30 Yo.ember ?024 and ot. ils inioniing risources and application ot. rt50ur¢es. iiiLluding lis incoiiie and e.Kpendiiuir. toi. Ihe >eai' Ilieii eiidcd. Iiai'e beeii propcrly prepai'ed in accoi-danct w'iih Liniled Kin4di)m Genei?Ily AcCepd Aicouttting Praciice.. and have been prepared in a¢cordanLe ¥¥ith tlie IEquireinen15 01.the Qonipanies ACL 2006. Basi5 foi. opinion We L(Jnduct&d oui. audit in ac¢oi-daiiLt il'iih Iiiieimaiional Siaiidards on .4uditinu IIJKI IISAS IUKII and appliLable laiv. Oui. Irsponsibilities undei. those siandai'ds ale turthei. dcscribed the auditol. IEswnsibiliii¢s for the audit ol- tlit tinancial .Rl)temertis section ot. our report. We ale inJependeni ol. tlie cliai'iiy ID actordartcc Ii'iili Ilie tiliical requiiemenis that air relevani 10 our audii ot the linancial slaieinenls in the UK, includino ihe fRC's F.thical s1lind.d. and we hai'e lullilled oiir oih¢r ¢thical I'Lspon5ibiliiie% in a¢¢ordance ii'ilh ihL5e r¢quii*menis. We beliei't Ilial the audit evidence ivl hai'e obLained 1% sufticient and appix)pri8te LO provide a basis foi. oui. opinion. Conclu5ioiis rtliting to goiiig con£ei' In audilino Ilic tInLIa1 siatemenis, hav¢ concluded Ihat Ihe ti'ustee5 iise ol'ihe going concein basis of aecountino Ba5cd i)n the ivork li'e hav¢ pertormed. Ive lidl'e not idertiilitd any niaierial UiiLerlainiies relaiing lo ei'ent.s oi. Conditions Ihai. iiidividualls. or collecti1'¢I. md> tast sigiiilicaiil doubt on IhL chai'it!"5 ability to continue as a Doin concern lor a pei'iod Dl'ai least thi'eli'e month% ti'om ivhcn the oi'iginal linancial 51ateineniS ivere authorised toi. iSSU¢. Our re5poDsibiliiies and Ihe respongibiliiies ot'the Irusiees iviih i'espect 10 going concem are derlbcd in the relevani OtJJeY infornlation The trustees art iesponsible foi. Ihe othei. intormaiion. Thc oiher infoimation conipi'ises the inlvrniation included iii the annual Irport. other rhan ihe finan¢ial siatements and Dui. audilol s repoii thei'eon. Oui- opirtion on Ihe financial siatemenls does noi cover Ilie oiher inloi'mation arid. ekcept 10 tlie exteni OtlieiiiS¢ explicitly siared in oui. repoi-l, we do noi express wiy loim o1.5rance conclusion thcrcon. In eanncction iviih oiir aiidii of th¢ tinancial siaiemenls, our respunsibilily is io read the oih¢r intornitIOn and, in doing so, con5ide¥ ii'heiher the vther inlomiaiion 18 maltrially inconsistent iviih ihe financial siaiements or our knO1ledge obiaintd in the audit or othcTh&ise appears to be materiall> misstated. If Tdentil!, such maiei'ial incon81Stencies 01- appai'cni material missiatenienis. Ive al-e I'e4uired 10 deiei'mine ii'lieihei- Iliei't Is & malei'ial mi55taiement in Ihc IinyD¢ial siaiemenis oi. a mateiial misstaieineiit ot. Ihe othci- intomiation. It. based on tlie work INe hdve perloi'iiied. Ive conclude Ehat Ih¢rt is 8 maiei'ial rn1551atenieni nf Ihis othcr infoiTha¢ion, aiE required to report that tact. We haNe nothing 10 reporl in this regard. Page 9
TY2SCIENCEUK.ORG Iiidependent Auditor's Reporl to the Mi embers of IN2SCIENCEUK.ORG Opinion oil other matter pre$ci'ihed by tlje Coiiiiianits .4tt 2006 ID oui. opinion, ba%cd on the ivork undertakLn in Ihe Course ot Ihe audii.. Ihe inloriiiaiion given ill the Tiiisiees, Report toi- IhL tinancial >Lar tor Ih5th Ihe tinancial hlaiements are prepaird is coD.8i%l¢Dt i%-iili ihL tinancial siatLments', and Ihe Trusiees. Repori lias beeD prepared in accoi'dance ii'iili applicablL Itgal I'equireinenis i¥lalters on whltli ive #re required to I'eport by exeeption Tn the lighi ol- oui. kno[lede and vndei.slandln ol- tlii chai'ir). and its enviix>nmcnt obtaTned in the course ot tlie audii. e haNc ftoi ideiiiitied Inal¢rial niissiatimints the l-rustees. Ripori. We hai'e iioihino Iv repoit in i'especL ol-the lolloii.-ing maiterh 'hear the Compani¢s Aci 2006 ILquires us to reptrit io adequaie a¢¢ouniing I'ecords hav¢ not been kepi. or Irtums adequate toi. our audii liavt not been receii'td ti'om bratsLhes iioi visited by us. Dr the tinancial 51atem¢nlS al'e noi in a¥iEemertl iviih Ihe accounting Ircord% and rtiiii'ns. or ceiiain disclosui'es of Irustecs nmiinei?lion specitied bY11V dr¢ not mtide.. oi. e liave iiot rtccived all the intormaiion and ixplanations li'e requirc tor oui. audi¢. Re5ponslbllltles of trustee5 AS o.xplained niore tully in Ihc Siattnient ol- Tiustees. Resp(Jiisibilities Isei out on Plige 81. Ihe li-uslteb are responsible lor Ihe prepa¥aiion ol. Ihe lirtancial statnei3 and toi- being satislied Ilial theN gile a Iiiic and tair i'iciv. and loi. such iniernal control as the Iruslee5 d¢lcrminL 1.% ntCi55ari lo enable Ihe pt'eparaiion of Iinancial siaieinents Ihal al'e I'ree Iroill rnaierial missiaicinent, hether due to ti?ud oi. errol.. In pi'epJrin? Ihe lirtiincial sialein¢nls. Ihi Irusites air re%ponsibl¢ lor at$Ing the chai-ity's ability io con(ittue as a going Loiicern. disclosing. as applicable, matt¢YS l-Llthted to ooing conceim and using Ilie goin LunLeim basis ol. aceounlinu unless Ilie trustees eithei. irttertd to liquidai¢ Ihe thl(). or LO cease opei?iions, ur liai't no realisiic altematii'e but to do so. Oiir obj¢Ltiv¢s aiE 10 ubtain I'¢0ndble ssiil'ance about ivlieihLr Ihc tinancial %tat¢menis as a ivhole ai'¢ ti'ee fi'om maLeridl nii5Staiement. ii'heihci. diie lo fraud or eiiar, and 10 issue aD audilOI % Irpori Iliat iiiLluJ¢s our opinion. Rtason<lble assui'an¢¢ 1% a hioh Icvel ot. assurance, but is nol 4 gu&raAiee thai an audit ionducied in tceoixlance ivith ISAS IUKI Ivill alii?ys deietL a maierial missiateineni w.lien li exisrs. Mi.851ateinents can ai'ise Ii'om Iraud or errol- and are Lonsi(JeiYd niateridl if, individuallj or in thi agDreoaii, Ihe}- could rea%onabl}' be expeCd 10 influence the eLononiic deci.5ions ol-usei% takcn on the ba%1% of thiSC financial statemenis. The exl¢nl 10 ivhiLh our proceduies di-e Capable ol-delecting iii-egularities, including fritud 1.% deiailcd bclow.. Page 10
N2SC.IENCF.UK.ORC Indepeiideiit Auditoi-'s Repoi't to tlie Members of lN2SCIENCEUK.ORG Irirguldl-Ilii.s, includinu fraud, are instanues 1)t non-coinplianL¢ ii-ith laii's an(J renulalions. We design pi'ocedui-es irt traud. Tli¢ exteni 10 i¥hich our pi-uceduirs are capable ul-deieciino iTregularilie%. includinu traud is deiailed belui%': WL obiaincd lD undLTqiandino ol. the legal and regulaioi}' requireiiiei115 applicable lo the Lliai.i'. We obtained an underbtJndiiig ol. li0 Ili¢ charit!, complies %%-itli Ihese requirenieiils b5. discussions IN-Iih rn¢inagenient and Ilios¢ Lhargvd ii'iih govei'nance. N't inquii'ed I'rnm managemcnl and those chaiEed IlIh goi.eiMance a5 to any knoivn insianLes ol- IlOll*compliance ar suspected nort-iompliance wilh laws and reuulations. M.'t desioned our aiidil pi'ocedui'es to identity. tnst&nci5 Ot. non-votnplianct Iliruughoui Ihe sudii and remaincd aleri to insianccs of non-iompli4ince thraughoui (he audit. We assessed the risk ol nialei'ial mi%%raicniint ot Ihe tinancial siat¢mèiii%, includina mi%si4ltimeni duL t(J trL?ud and how it mioht occui., bw holdng disCilSSiVnS ii'ltli managemeni and those cliai'oed i11h goiietnanLe. leadiiig 10 a matirial lliisstatemeni in Ihe lindllLidl stdieiiienis 1)r nOThL171p1iallce wilh i-egulaiion. -rhi5 risk inci'eases the more tliai Lomplianct Ii'ith a laii or regulation is i-emiTrved trom tli¢ events and transactions rellected in Iht linancial siaieintllls. as ivill bc less likel> 10 bect)me aware of instances of non-Lvmpliance. Tlie risk 15 also oreatei. i-cgardino irregulJiitlLS occuri'ing due to traud raih¢r Ehan ei'roi., as Ii'aud invulves Iiiieniional concealment, lovgLry. collusion. omission oi. mis1.¥presenidiion. Hoikevei., Ihe pi'iniaiy iY5ponsibilily tor prcwcntion and deieciion ot fi?ud rests i¥iili both Inanaoeittent and t1105e chai-gcd wilh aovernance of Ilie charity. As part ot an audit in accordance ivitli TSA5 IUKI. lie exercise PTofession21 judgnient and maintain protes%ioNal scepiiLism Ihrouohout Ihe alldil. Ive also.. Identiti, and assL.%% Ihc ri%ks ol. maiei'ial misst&ieitteni ot Ihe tinanLial siaoinenis, Ivlieihei- due 10 t'raud oi. errol., dc5ign and pei'lorm audi¢ piocedur¢5 IfStK)nsik'e to Ihost I'i5ks. drtd obtain audit elidenee Ihat 1.% %ufti¢itni and appi'opriale 10 piovide a basis tor oui. opinioii. The I'i5k ol-not dctecting a maieyial missiatemeni iesulting fiom traud is higliei. Ihaii toi. one resuliing Iioni error, a% I'raud niay iTrvolve collusion, (urEery, inteniional otnissiuns, misirpre%enlaiiotts, or IIIL nveri'ide of int¢rnal control. Obtain an undeysiandino uf interrtal eoi)Irol relei'ani LO the audii in ordLr 10 design audit pii)ceduies are appropi'iaie in Ihe cii'CUlD51anccs: bui not tor ihe ptsrw%e ot expre&sinE an opinion on the eifeciivelltss of lh¢ iniernd ciwtrol. Evaluate ihe appropriaten¢ss ol. accountiiig policies used and the iiasonableness of accouniino cstimale5 and relaied disclusui'es made b). Iht Irusiees. Cottclude on the appropriaicne&% ot the trustees use ot. Ilie g02no cunLeiii basi5 01- accouniing Jnd. based on tlie xudir evideneL ()hiaincd. ether a matti'ial unceiiaint), exists reldied 10 events or coiidilions Iliai niay c&%t -%igniticani doubl Oll th¢ Lhariiy's abiliiy 10 ¢oniiniit as a going ctsncLrn. It IVE conclude that tci'ial un¢ertaintv exists. Ive al'e irquired to di'aii attention in our auditor'% repayl 10 the Irlated JisLIo$uiES in the Iinancial stattIen1S oi.. It such disc105uirs ale iDadequate, 10 modits oui. opinion. Our conLlusions al'e based on the audit ei'idence obiained up 10 Ihe dale ot. our audiior's rewrt. Hoivtvei., future cvenis or condilioiis may causc the cliai'iry tu ceasc to coniinue as a going concei'n. Eialiiait The ovei311 presentation, stiuctiirc and cthnient ot the finan¢ial siaieinenis. Including Ihe disclosure5. and vheiliei- tlie tinancial staternLnis represent the undei'ljing tianclionS events in a niaiinei. Iliat achicvcs tail. pres¢rttaiion. We communicate with those chai¥ed wiih goveman¢e regaydittg, atnung oih¢r maiieis, (he plalliied gcope and iiniin ot. IhL audii and signiticant audil lindtngs, including art), 5jiinificani deticiencits in internal conti'ol rhai we idcntity during oui. audii.
IN2SCIENCELfK.ORG Independent Auditoi-'s Repoi't to the Mi embeys of N2sc[v.NCEUK.0RG lJse of our reprt This rcpoi'l is made solclTr to Ilie chariiabli IOlllPrfUly'S ii'usILes. as a bod). 111 aLLOI'dance 1[h l_'hapter 3 ot PaiT 16 I)t the Companies Ilct 2006. Oiii. audit i¥'ork been undertl< ken 80 Ihc1t l%-L Iniolii Slilti 10 the chariti s iiijstees tliose matiei's i%-e are I'equired 10 stale 10 Ilieill in an auditol. S I'LPOrt and loi. no other prpose. To Ihe lullesl exieni peimiitied bi loii: do not acc¢pl i)r assumt I'esponiibility 10 an}'one oiher Ihaii the Lharitable cornpan) and lis Ii'u%ice5 a% a bodv. lor oui. audit iioi'k. lot. this iepoil. oi. loi. the opinions li-e hake loi'iiied. Ir kl l)oonaivala l%£nii)r Staiutoi? Audiiwl For and on belialt ol-Tahas & Co Lid. Siiiiuiory Audiioi. Suilr 3, Second Flooi. 760 F.a51¢1M A venut London IG? 711U r)ate'. Page l?
IN2SCIENC'EUK.ORG Statement of Financial Activities foi. the Year Ended 30 Novembei- 2024 {IIiLluding liicome 2nd Expenditure .4ccount and Statement of Tutal Reeognised Gains And Losses) TotAI 2024 Ullrestricted Restricted 2023 Note lrttome Eiidolvnieiits froni.. Dunations and leoacies 966.782 i9i.i87 l.i60,J69 l.iiO.960 Total incoine 966.782 i9J.i87 l.i60.J69 l.iiO,960 Elpenditui'e on.. 159).5871 11.564.771) Total eipenditur¢ I l.iOI.42il li9i.i871 11.89j.Ul•l 11.564.77?1 N¢1 exp¢ndiiure Nei niovemeni in tunds li34.6431 1334,6J31 1334.6431 1334.6431 Reconeiliatiott ol fullils Tothl tunds biLight toiiyard Total tunds. ¢airied toiivard 618.)03 618.303 632.lli 283.660 ?83.660 618.303 All ot (he charitv'g aL(Ii'ilies derive trom continuing opcrations during the abov¢ IM'O period5. The tunds breakdo1 toi. 2023 is shown in note 14. The Troie% on pages 15 10 ?3 tL)rni an integi?I pai101' Ihese linancial slalements. Page 13
IN2SCIENCEUKORG (Registration number: 07706662) Balance Sbeet as at 30 November 2024 211!4 21123 No)te Fixed assets Tangible assets 10 16,450 Current gssets Debtor5 Cash ai bank and in hand 165,243 4?8.806 364,335. 448,085 12 )94,049 812,420 Creditors.. Amounts falling due withiD olle y¢8r 1322,7?7) 1210.5671 Plet crUt Assety 271,.122 601.853 Net assets 283,660 618,303 FthDds of the ¢hsrlty: Ullrestricted illcomt funds Ullrestricted funds 283,660 618,303 Tot81 funds 14 283.660 618.303 The fillpucial slateineDts on pages 13 to 23 wete approved by the tnkqte¢s, and authorised foT issue 00 3 Juue 2025 Bnd siglled on theii behallby.. than Flowets Chair and Tnlee ".The llotes oDpges 15.10 23 forni an iDtew]. portof thesofinallciAI stal¢tyLfnts.
LN2SCIENCEUK.ORG Notes tn the Financial Statenients foi. the Yeat. Ended 30 Noyeinbei. 2024 TIIL Lhariry 15 limited bs. £uarJniee. inLorpoi*ted in England and Wales. and consequentl! docs not hai'e sliare capital. EaLh L)r the Irusiees is liable 10 toniribuit an aiiiauDt not Lxceedino £Nil ioM'ard.% the ase[S ot the ch&iiTI' Irt Tlie aJdi'ess ol. lis rtgisieied otlice is.. 10 Queen Siir¢i PlJLe l.ondon EC4R I BE These Iinanctal staiemenis ¥vere &uihoi'ised tor issue b>. the ii'usiees on i June 20?5. 2 .4ctounlÉnu policie Suniniaiy of skgiiifit#ttt aecoujitinu polieies key accoU1E esiiniates Tlie principal accuunting policies applied tn Ihe preparation of these tinaiicial stat¢rnents 2re sei out below. TTriese policies hrÉwe beLli con5i51enily applied 10 all lh¢ Ye piEstnted. un1¢5s oiherkvige siaitd. Stat¢nient of compliance The financial iiaicm¢nts hai."e been prtpai'ed in accoi'danie with Aliountinz and Reportin(t bF LliaritlLS'. 8iaEement of. Recoiiimended Praetice (applicable 10 chti'ilies pirpariDg thLlI' accounis in actordance ivitli Ihe FillanLial Repoitiiig Siaiidard applicable in Ilit UK and Republic of Ireland IFRS 10?11 {issued irt OLiobei. ?0191- Ichai'ilies soiip 11-.115 1fl211. thL l.-inancial Reporting Standard applthcable ill ihe UK and Republic ol. Irrlond IFRS 1021 and dle Companies Act ?006. Basis of preparatlon TN?SCIENCEUK.ORG Inte the deliniiiun of a public nettI entity Linder l.'FiS 1 02. AS(5 and liabiliiies are initiallk recognistd ai lii5toi.ical cost or ti'an£aciion value unliss oihtnNise Stated in Ihc reltV4int J¢iountin£ policv notes. Coing conetr -rhe Ii-LISlte% con5id¢r that IhLrc arc no iiiaierial unceitainiies aboui Ihe cliaiity'5 ability 10 Loniinue as a going eonccm nor any sioniticani arw45 0(uncen3iiiiy Ihai alleLI the cairying value of assets held bv IhL cliai'ity.. LxempttOR from prepAI'inE a cash floiv statement The chai'ity opied 10 earls, adopl Bulleiin I published on 2 February ?016 and have Ihci'etorL noi included a La%h Iloiv si¢men[ in Ihese tinancial siaienients. Iticomt And eiJdowin¢nt5 All inLome recogni5ed once the chai'ity, ¢nliilLmenl to the income. li is probable Ihai the income i%'ill be reetived and ihe arnourti ol'tlic incoire reteii'able can be measiiiEd i'eliably. Page 15
IIN2SCIEI NCEUK.ORG Notes lo the Finaiicial Sialemenls for Ibe Year Elided 30 Nnvember 2024 GTiiiiiS receii'able Gyanis al'e IECOWiSed ivlien Ihe iliw-ilj an enii¢ltni¢nt to Iht tiinds and an> ei)nditions linked 10 the ITianis hai'e been mei. Wh¢re pertoiiiiance coiiditions ail attached 10 Ihi °rani aiid are ) ei to be mei. Ihe inLonie is reLI)onised as a liabilitv and included on the balancc slieet as delej'i'ed income io be released. £xpenditui'e All t.xpendlU1 is rccounised once there is a legal or cunsiiutiile oblinaiion 10 Ihal cxpendiiure. il is probable seEtlemini 15 Irquired and Ilie amounl can be iiieasured reliably. All c05Ls are allttLaitd 10 Ihe applicable iipcndl1u-e headinu that dogi-egaLt similar c051s iu thai calegoi)-. WhLre cosis callnoi be diirctli. atti'ibuied 10 particular lieadings th¢) lia¥e been allocated Dii a ba%1% consi5ttnt ivith the use ol- resoui'ees. wilh L¢nii'21 siail. tyosts allocated un tht basi% i)t limc Sni, and depi'ciiation Lbarses Jllocaled oil Ilie poriioii ol- the a5StI's use. Other 5UPPOfl C0515 are allocaied babed on Ihe bpread ol-yitil'l'cosis. ClittrEfuble ffclivldes Chayitable e¥pendilurt con1p1.iscs those eosis incuiTed by the chariiv in the delivery of its 4tciivities and service5 toi. its bencficiai'ies. It includc5 both costs tlml be allocaied dii'¢Ltly tu such ac111[1¢$ and Ihosi C051s of an indiyect nature necessary tu support Iliein. Support eosts Supp011 cosis inLlude cenii'al tunctiong and have been allwaied lo activity cost categories on a basis consi51enl i%'ith rhe use ot r¢50uires. lor example: &ll()catino propLNi1I cosis by tloor Jreas. or pei. Cdpllil, slaty cost5 by the liiiie speni and oth¢i' ¢osts by thLif u5agi. Cov¢rn2nce eost5 -l-hese include ihc costs attribuiable to Ilie cliarit% 5 complianLi Il'itli conSlilLltional and statutor! reqiiiremcnt5, including audil. Stixtegie Inaiiitgement 2iid Iru51ees tneeiings and reinibursLd expinscs. Ta%&tioti The charity is considered 10 pass tlie iesis set out in Paragraph l %ch¢dult 6 of ilie Finance .4ci ?010 and therefore IL metis lh¢ delinition uf & charildhli coniplc nv foi. lJk coi'poration puiposcs. ALc(Jrdingl}'. the charity is pulentiallv exernpE Ironi iaxalion in ie8PCCI Ot. in¢ome oi. capiial gaiDs reLetved sl'iihiii tategories coi'ered b)- Cl)apter 3 Pait I I ot the Corpoiaiion T&x Aci ?010 oi. Section ?)6 vl. the Taxatioii ot. Chai'geablc Ciains Aei 199? to the eyient that such in¢orne or gains ar¢ applied exclu5ii.ely 10 cliai'itable piirpose8. Taugible fixed Asseis Indik'idual li.xed assets Cosiing £0.00 oi. tnoi'e aiL initially recorded ai cosi. less any sub5¢qu¢nt accumulaled depreciaiion atid subsequent accumulated impairinent losses. Depreciation Hnd amortisation D¢preciation is i)rovidtd on ianuible tixtd assets so as to IlTltt oft-the cust oi. valualioD, less any esiiiiiated re%idual value, over their expicred useful econuinic lile as lollows: l)age 16
tN2SCIEINC.F.UK.ORC Notes to the Fiiiartci#l Stateinertts foi. the Year F,nded 30 Novembei- 2024 TrAde debtors adL dcl)iors are ainounts ijue Irom cu510mei's loi. tn¢i'chandisc sold or s¢rvices pertoiiiied Ihe ordinary course ot. business. Tiade debior5 al-e rLcooni.sed iniliall5 at the ii?iisaclion pi-ice. The! are >ubsequentl!' measured at 8monistd cosi using tht ettLciiie inler¢s1 nieilithj. less proi'ision lor impairment. A provision tor Ihe impairment of trade debtors is esiablished H'lien Iliei-e is objective evidence tlial Iht ch8riti will noi be able 10 ¢olleci all amounls due aciordino iu Casb and Lash equtV411ents Caih and equivalilits compi'ist cash on hand and call deposiis. and othei. shoii-ienn liiehly liquid ini'cslinenES Ilial ale rcadily Lolll'enible 10 a kiioikn Jniouni ol ¢&%li artd ale subject to an insigniticanl ri%k ot iliange in N'alut. 'rRde crediior5 Ti'ade crcditOT.% ai'c obligations 10 lor goods or services Ihai havt been acquir¢d in (he oi'dinary eoutEe ol- business tiom suppliei%. ALiouiiis pa)'al)le al-e ela%%iticd as Lull-eni liabiliii¢s It Iht chdriiy does iioi have an I5rtconditional ri¥hi, al tlit end ol. Iht IEpoi1ing pci'iod, w defei. setilemenl Ot Ihe ii'tdilor ltsr at least liv¢lve months atlei. Ihe reportitiu dale. It. there 15 an unconditiuiial righi 10 deler seltlement far at Icasi Iweli'e mi)nilis after Ihe reporting dale, they al'e prestnled as nun-cui'renl liabiliiies. Trade ciediiof5 are recognised iniiiall> ai Ihe IT&nsa¢tion price and subsequenily measiii'ed ai 61noitised cosi using lh¢ et-tLCllc Int¢re8t mcihod. Lloj'rowinus Interest-beai'ing boi-IDivings th'e irtllliqlly I'¢Lordtd ai tail. valuc, net ot. IransaLiion cost%. In1LI'esi--&ring boiTo%vings art subsegueAIl!' carried at aiiioitis¢d Lu%t. iiiili ilie ditltyencc betlVeLn thi pIDceed5. net ot-lrunsaclioii cosis. aiid Ilie ainount due on I'¢demplion being r¢cognised as a charge to Ihe Siatement of Findncial Activities ovei. the period ot Ihe relivani borii)iving. Ini¢r¢si expens¢ is iEcoonis¢d on ihe basis of Ilie etlcciive interest nietliod and is included in inierest pa)'able and similar chaises. Borrois'ings ai'¢ Classified as cuTh( liabililies iinless ihe c1mlY h&% an un¢onditioJal righi 10 detei. seitleni¢nt oi ihe liabilitv for al least tw'elve mnnil)s after the rcwning date. Fund strutture UDI'esiiicied iliLome lunds are gencrnl funds tliai are available toi. use ai Ihe Iiiistees discretion in turtherance ot-the objectiTr¢s of the charit).. Page 17
tN2SCIF.NCEUK.ORG 'otes lo the Financial Statements for fhe Year F.nded 30 November 2024 3 Iiiromc from d4)nAlions And leua¢ie$ Total 2024 Total 2023 Getieral Resti'itled Jiants Gi'anis Regiilar donaiions and lee i93.587 i91.587 966.78? 295.137 l ? jj.823 966,78? 966,7¥? i93.i87 l.i611.J69 l.iiO.960 4 Exp¢nditurt on tharit&ble Activitles Unrestrseted funds Gttlei'al Re51rieted fuiids Total 2023 2024 Éyote CEO &, Dir¢LIOV reinuneraiion Lrnpla)'its NIC Workplare pension Li'ent eYpLnses AlloLaied suppoil COSIS Governance costs 79,814 100,877 79,814 IUO.877 67.i71 80,498 50,910 14.6?1 1,541.J89 1,047,118 6.24) i93,i87 1.640,70) 6.?4 j 1.301.42i i93,587 1,892.01? 1,564,771 Page 18
IN2SCIEYL UK.ORG Notes to the Fiiiaiicial Statemeiits for the Year Ended 30 INovember ?024 .4nalysi5 of govtrnance and supporr costs Chariiable activities expenditure LTiirestrieted Total 2024 Total 2023 Ciethergl Re.$tritted 787,490 19n,448 396.839 977,9)8 440.849 2,)77 99,206 4,918 797.409 34?.069 Volunteer expenses & S¢uderti Bursai'ies Telcphone aiid fra Compuier expenses Pi-iniing posiage and stationery Ti'ade and professional tees Sundi) txptnses Advei'iising & markeiing D¢pi-eciation ot'ofti¢e equipmtnt Bank chJrges Travel aiid subsi.%ienc¢ In%ui'ance 2.377 99,206 4,218 ?9.35? 9.2) I ?9.567 39.110 5,930 103.1141 9.570 7,3(Ji 4,IU6 3.874 9.2) I 31,993 2.426 136 33,002 4.397 33,002 4.i97 ?7.675 1.047.118 593.i87 1.640.705 l.J41.489 Governaiict to$ts Unrt$ii'ltted Total 20Z4 Generlll 2023 Audii fees Aiidit ofilie linantial stalcmenls Othcr fees paid to accuuniattts i,400 845 5,400 845 i,400 720 6.24) 6.24) 6,120 6 Tru*tee8 reniun¢raÉlon expeJJsè$ No trLlStee5, nor an) persons connetied with them. have IEceived an> remuttei'aiion frorn the ¢hJit> during the veal.. PaiTe 19
IP425CIEf+4CEUK.ORG Notes to the Financial Statements loi. tlie Year Ended 30 November 2024 7 Staff e05ts -gregatL pavroll cosis ¥Ycre as lolloivs.. Tlie IiiODdil) tsverage lluivbLI Ot pLr50ns (including senioi. maiiageinenL I leadership ieaiiil employed b)- Ilie chari( duriiig Ihe VLaY expressed a% full lini¢ equivolenis was lollow'5', 2024 2023 lanageimeni Support start- 23 No einploy¢e received emolumenis ot mor¢ Ihan £60.OaO Jllying tlie >ear. Thr niimber ot MPlOyeeS svliose emolumenls fell iviihin lh¢ lolloivittg bands ivas.. ZOZ3 £70.UOI - £80,LNX> 8 Auditor5, rtTnuneratio 2024 2023 Audil Ot Ihe finaDtldl 51ateinents 5.400 i.400 Page ?0
IN2SCIENCEL,K.ORG Notes to ihe Financial Stateineiits foi- Ihe Year Ended 30 Noi¥ember 2024 9 Taxatiort 'l-hL cliaril). is a regisiered Charl aiid is Ilieretore eKempi Ii'otn taxation. Fui'TJitui't And equipii)en* Total Cosr Ai l Deceiiiber 10?" 22.661 2?.661 At 30 Novembei. 2024 ?2,661 ?2,661 Depi'eeixtion Ai l December 20?" Charge toi. the yeai. At 30 N()vembti' 2024 10,323 10.323 i et book value -4t 30 Nuvenil)ci- 21124 12,338 12.338 Al JO N(Jweniber 20?3 16,4iO 16,450 I l Debtors 2024 2023 Ti?dc debiors 165.?4) 364.33) 12 Ca$h And cash equivalents 2024 2023 Cash ai bank 428,806 448,08) 13 Cr¢ditors: amouDtr fglling due wlihin one year Page21
tN28CIENCEUK.ORC Notes lo the FinanciAI Statements for the Year F.nded 30 YoTrember 2024 2024 2L123 'rrade Lyediiors Otlier taK&tion and bocial seciirity Other credilts¥S Acci'uals 1,38) 33.888 ?80.667 i.400 )4,1}) j 179.747 5,400 J22.717 ?10, j67 14 Funds Balanee at I Decetttber Balance 3t 30 i Dvembti. Incoiijing 't50UI'tes Resourtes e¥peiidf (I 2023 2024 Gene141 618,303 966.782 11,301,42il ?83,660 Rt5tricted i93.i87 li93.i871 Total futtds 618.ioi 1.560.369 11,895.01?) 283.660 Balante 91 1 Deceinbej. IIAlance at 30 Novernber Irhtortting resource$ R¢5ouI'ces expeihded 2022 2023 Ilnr¢5tritted Genei?I 632,115 1.2ii,823 11769.63)) 618,303 Resti'ieted 29i,137 1295,1 i71 Totxl lullds 632.115 618.303 IS A#AIysis of iiet assets between funds Unresti'ltted I'otgl luijds 30 Nov 2024 General Tangible lixed setS Cuneni Sets 12.338 i94,049 1322.7271 i94,049 1322.7271 Total net asseis 283.660 283.660 Paoe 22
tN2SCIF.NCF.IIK.ORG Notes to the Financial Statements for the Year F.nded 30 Novembei. 2024 Lnre5tricted Tot%1 funds 30 Nov 2023 GenerAI Resti'ltted Tangible lixed assets Current se[S 16,4iO j5?.283 iti l O,)671 960.137 81?420 1?10.5671 Total nei a5S¢LS 3)8.166 ?60.137 618.303 Page 23