Company registration Iiumber.. 07706662 Charity registration number.. 1164821 IN2SCIENCEUK.ORG (A company limiied by guarantee) Annual Report alld Financial Statements for the Year Ended 30 November 2025 Tahas & Co Ltd Suite 3, Secojid Floor 760 Eastern Avenue Newbury Park Londoii IG? 7HU
IN2SCIENCEUK.ORG Contents Reference and Administrative Details to2 Trustees, Report 3 to 10 Siatement of Trustees, Responsibilities Independent Auditor5, Report 12 to 15 Statement of Financial Activities Balance Sheet 17 Notes to the Financial Statements 18 to25
IN2SCIENCEUK.ORG Refer¢n¢¢ and Administrative D¢t#ils Chair Jonathan Flowers Viee Chair Professor Vicioria Pope Chief Executive Ol¢er Stephen Hancock Trustees Nick Clarke (appointed Septeinber 2025) Robert Dickinson {appointed September 2025) Shirlayne Dunwoodie {appointed SeptemlKr 2025) Kathy New (appointed September 2025) Jamie Ounan {appointed September 20951 Shaniioii Quiniiej. {appoiiited SepteTnber 20251 Olivia Reeve (appointed September 20251 Jonathan Flowers Nicholas Marsden Professor Vicioria Pope Clare Ray Paul Topping Phoebe Reynolds Professor Jolin Mitchell {re5igFned May 2025) Kate Grant (resigned May 2025) James Russell {resigned May 2025) Prof Bryan Williams (resigned May 2025) Marzia Farooqui (resigned September 2025) Robert Dickinson (appointed September 2025) Treasurer Registered Office CIO Sedulo Office 605 Albert House 256-260 Old Street London ECIV 9DD The charity is incorporated in England and Wales. Page I
IN2SCIENCEUK.ORG Refer¢n¢¢ and Administrative D¢t#ils Company Registration Number 07706662 Charity Registration Number 1164821 Bankers HSBC 39 Tottenham Court Road London WIT2AR Auditors Tahas & Co Ltd Suite J, Second Floor 760 Easteni Avenue Newbury Park LL)ndon IG2 7HU Page 2
IN2SCIENCEUK.ORG Trust¢¢s' Report The Trustees, who are directors for the putposes of compaiiy law. present the aniiual report together with the financial 5tatement5 of the charitable coinpany for the year ended 30 Novernber 2025. The financial statement5 have been prepared iii accordance with the accounting policies set out iii iiote 2 of the financial 5tatenient5 and coinply with the Charity'5 goveri)ing document Imetnorandum and articles of associatioi), incorporated 151712011 and amended by special resolution 11412015 and 31712015 as amended 01) 216120191. Objective5 aDd Activities In2scienceUK believes every young person deserves the chance to reach their full potential. regardless of background. We inspire and empower students from low socioeconomic backgrounds with the knowledge, skills and confidence to access STEM degrees and careers. In doing so. we open doors to opportunity. drive social mobility, and help build a more diverse and innovative future for science. technology. engineering and maths in the UK. The challen In2scienceUK's programmes empower young people from low socioeconomic backgrounds to overcome persistent barriers to STEM degrees and careers, unlocking their poiential and enabling upward social mobility. Recent studies from the Department of Ediication showed that only 28.90/0 of young people on free school meals {FSM) progressed to higher education by the age 19, contrasting to 45.80/0 of their non-FSM peers attending state maintained schools. When accounting for progression rates to high-tariff universities this drops to just 4.9Q/o of FSM students. Recent workforce studies have also shown that just 90/0 of tech professionals, 90/0 of life scientists, 60/0 of doctors, and 21Q/o of all eiigineer5 come from low 50cioeconomic backgFrounds, this contrasts to 29Q/o represeiitation across the gyeneral workforce. These statistics deinon5trate the impact of systemic inequalities in acce5S to STEM de¥ree5 and careers and the bajerS that young people face in progressitjg in their STEM joutney, including; Increased barriers to attending higher tsriff universities or 5ecurin¥ employineiit due to a lack of relevant STEM experience. Reduced access to a network that ean open doors to meaningful STEM experientes and guidance. Insutricient support ai)d advice to navigate the differei)t pathways into STEM degrees. Insutricient support to gain applicatioi) and ii)terview skills. or skills to progress career development. Reduced access to a network of STEM professionals either through school, family or professionally that can provide guidance and support. A lack of role models for young peL)ple from Iow-SLKioeconomic backgrounds to aspire to in the STEM sector, negatively impacting their confidence and belief that 'peLiple like them belong in STEM. A view often mimicked by and from parents, perceptions. Despite these barriers. with the right support and interventions young people can not only access these opportunities but benefit from the significant advantages that a career in STEM can provide. supporting tangible upm'ard social mobility. These benefits include.. Higher salaries and greater long-temi eaming potential {200/o higher on average) Greater job stability gnd economic resilience. Increased opportuiiities for career Progression. Opportunities to be at the forefront of innovation, research and policy. Page 3
IN2SCIENCEUK.ORG Trust¢¢s' Report In additioii to these benefits, supporting young people froin low 50cioeconomic background5 into STEM also enables the UK to address a critical skills 5hortagFe. The UK faces a shortfall of around 173,000 STEM professionals annually, costing the economy an estimated £1.5 billioii per year in lost productivity and innovatioii. By widening participation and iiicreasing diversity in STEM, we cali ensure a broader range of perspective5 aiid ideas, driving greater innovation acros5 the iiidu5try and fostering a workforce that is Inore repiesentative of society. Department for Education {20?5) Widening participation in higher education.. Academit year 2023124. London.. HM Government. Available at https."l/explore-education-gtatistics.service.gov.Uf1nd-stItIsl1csIIdtn1ng-part]C1pal10A-7n-h]gher-tdUtaIlts2023-24 {Accessed.- 18 February 20?61. Sutton frust (20?21 Bridging the Gap.. Socio-economic diversiry in the life sciences and engineering. London.. Sutton Trust. Available at.. https.'Ilww.suttontrust.conVour-researchl {Aceessed-. 18 February 20261. BCS, The Chartered Insiitute for IT (2023} Diversity Report ?02i.' Socio-economic background in the tech workforce. London.. BCS. Available at https'.Il.Ww.bcs.orgpol1cy-alld-lnflUenceIdiverSjty-and-lnc1uslonIbcs-dlversity-report-2o23l February 2026). (Accessed.. Instiiution of Engineering and Technology {IET) (2023) Addressing the STEM skills shortage.. Engineering a digital future. Stevenage.. IET. Available ai.. https.'Ilwww.theiet.orgimpact-socierylfact-files/ {Accessed.. 18 Fcbrllary 2026). Royal Academy of Engineering l?02?) Social Mobility and the Engineering Profession. London.. Royal Academy of Engineering. Isoiirce for ? l % representation and salary premium data Social Mobility. Commission {2023) State of the Nation 2023.. People aiid Places. London.. HM Government. Available at.. https'.('Iwww.¥ov.ulduovemmendpublicationS15tate•of-thdtlOi1-2023 {Acces5ed.. 18 February 2026). POST {Parliainentary OtTice of Science and Technology) (2025) The STEM ski115 pipeline in the UK. POSTnote 746. London.. UK Parliainent. Available at hitps.":'Ipost.parliament.ubresearch-briefii)gslpost-pn-07461 (Accessed.. 18 February 2026}. Our beneficiaries In2scienceUK aims to bridge the gap in equitable access to STEM degrees and careers by supporting those most in need across England, Scotland and Wales. The participants we serve come from some of the communities least likely to partake iii STEM undergraduate and postgraduate degrees, particularly at higher tariff universities, and progress to a STEM career. Metrics are adjusted according to each of our programmes bui key indicators of low-socioeconomic status are derived from external research, including the social mobility. commission to ensure we are reaching those most in need. An example of these include.. Attending a non-selective stste funded sehool. Current or prior recipient of Free School Meals (FSM) Current or prior recipient of Pupil Premium IPP), Ediication Maintengnce Allowance {EMA}, or the 16-19 bursary. Have been or currently in care, or have caring responsibilities. Parents or Guardian have not attended a Higher Education Institution. Occupation of the main household earner when the student was 14. mm Page 4
IN2SCIENCEUK.ORG Trust¢¢s' Report Oiir progFramTne5 in ?025 provided a continiium of support to address the barrier5 J'ouiig people from low 50cioeconomic backg5roiiiids face at critical transitioii points in a young person's STEM jouri)ey. By focusiiig on ke), transition stage5, we aim to addre55 the barriers that contribute to the STEM 'leaky pipeline, and ensure that young people are 5UPPOrted to access STEM degrees and careers. These forin the basis of In2scienceUK'5 key impact oiitcoines and perfotynance indicatOT5. In the plani)ing of each of these activities we have carefully considered the guidance notes provided by the Charity Commission to ensure that eath pn)vides a clear publie bei)efit. IN2STEM The In2STEM programme supports current year 12 and S51S6 students providing them with the opportunity to build their knoivledge. skills and confidence to progress to STEM undergraduate degrees. This is achieved through a combination of interventions delivered throughout the summer.. •1-2 week work cxpcricnec plkiecments developing skills. confidence and STEM capitsl through hands-on work experience placements with cutting edge research in both academia and industry. •Universitv and admission workshops - supporting students with the guidance and support needed to apply for and succeed in STEM coiirses at higher tariff universities. •Careers and skills workshops providing criiical knowledge into careers pathways and developing the necessary skills to build young peoples. confjdence as they progress to university. This includes appreniiceship support workshops. •Publie engagement - students participate in public engagement competitions and submit projects to achieve CREST awards, to develop their STEM cominiiiiication skills. •A¢¢$ to ongoing support and opportunities {through In_careers) supporting students into STEM opportiinities diiring their iindergraduate degree, providing job and interjiship opportunities, interview and CV support, careers panels. n£t,OrkIng opportunities and public engagement with STEM opportuiiities. To date the In2STEM programme has 5UPPOrted S JSO students to develop the tools they iieed to probTre55 on their STEM journey to higFher education. 111 2025 we received 3.4iO eligible applicaiits and supported 622 Students, collectively coinpleting 19,499 hollr5 of in-person placertjent experience, and deliverin¥ 38 workshops. In2research In2research is a year-long programme, supporting current undergraduate {2nd year and above). masters level students and recent graduates from low-socioeconomic baLkgrounds to access postgraduate regearch degrees and careers. The progiamme involves a full tinie eight-week placement supported by a tax-free stipend and subject specific Inei)ioring, skills-building workshops. in-persoi) away days and coiitinued support via ai) alumni network. The programme interventions are designed to directly address the three core barriers for young people from low socioeconomic backgrounds and underrepresented groups to be able to pursue postgraduate research degrees and careers. l. Lack of know,ledge and information about postgraduate research opportunities. careers, funding and application processes.. Skills-building workshops from expert facilitators on the application process and skills required to secure a PhD. b. Professional development away days to biiild transferable skills and a research community c. 5 month mentoring prograinme with a subjeci-specific academic d. Mock inierviews and guidgnce Bespoke academic CV. personal statement and research proposal support 2. Lack of relevant research experience to have the necessary skills, kno..[edge and confidence to suc£es5fully progress to postgraduate research opportunities. Page 5
IN2SCIENCEUK.ORG Trust¢¢s' Report 8-week in-person research placement during the sumTner in their subject of interest at a re5earch-intensive university. b. Stipend to cover food, travel and accommodation costs over the 8 weeks to address the financial batTier to taking part in such opportunitie5. iiicluding a105s of potential earnings. 3. The existing conscious and unconscious biases in the reseaich sector that prevent youi)g people from underrepresented gn)ups from progressing onto. and staying in. postgiaduate reseaich opportunities. a. Rate and cultural literacy trainii)g is delivered to all our n)entors and placen)ent hosts with the aim to address systemic institutional bias and provide a more equitable enviroi)ment for studei)ts from minority ethi)ic backgroui)ds to access postgiaduate opportunities. Since its inception in ?020121, the programme has supported a total of 426 participants. With 125 students supported on the In2research programme taking part in 32,340 hours of w'ork experience in a variety of cuiiing edge research projects in Llindon. Cambridge. Glasgow and Manchester. wilh additional support to expand the project w Edinburgh, Dundee, St Andrews, Newcastle and Liverpool in 20?5126. Students also benetiied from workshops, away days and a total of 461 hours of mentoring with highly experienced researchers. The programme in 2025 was delivered as a consortium of delivery partners, with In2scienceUK and UCL being the main delivery, partners of the programme. UCL Siudents Union manage In2research alumni and Leading Routes and UPSIGN manage our institutional change interventions. In2eareers The In2careers programme aiTned to provide resources, employability workshops and expert guidance to help participants take the first step into a STEM career. Since its launch in May 20?3. has gro as an initial pilot. to have 2,776 users via its online platform, with 630 participants engaging in a workshop or event in the 2025 year. In addition to this the prograTnme ran a University peer meiitoring programme supporting. In2careers also create5 a virtuous circle in which student5 who have benefjted from our other progratnmes are able to gTive back and support youngFer participants. This 15 in05t notable througFh our 1st year underbFraduate peer meiitoringl initiative, in which 1112scienceUK alunini are able to provide peer 5UPPOrt and signposting to 59 5tiident5 who were navigFatin¥ their first year of university. via funding from the Charity of Sir Richard Whittington. 'In2careers events and competitions opened doors I wouldn't have accessed otherwise, including a conlerence I Louldi)'t alTord on my own. l also wanted a way to build leadership. so nientorii)g 01) the University Peer Mentoring scheme helped me to do exactly that. These experienLes broadened my perspective and boosted my eonlidence." Palak, In2STEM alumni and In2careers mei)tor. Volunteer eontribution In 2025 In2scienceUK was supported by a toial of 512 volunteers, who colleciively hosted 51,839 hours of in-person-placements as well as an additional 403 volunteers providing hundreds of hours of mentoring, workshops, in-person skills development opportunities. The value L)f this in-kind contribution of this voluniary support is estimated to be £809,474. Impact Overview For additional insights inio our a¢hievements and oiitcomes, refer to the 2025 Impact Report. https.'Ilin2scienceuk.orglimpac In2STEM Page 6
IN2SCIENCEUK.ORG Trust¢¢s' Report Since In2scienceUK wa5 founded in ?01 I, over 5.350 young people have participated iii our 11i2STEM programme. Data from UCAS shows that In?STEM aluinni probFressed to achieve the following. Data from 2021-202i cohort. 880/0 applied to ui)iversitie5 one year after conipleting In2STEM. 97 /0 ol'applicantg were successfullv offered a place. 84 /0 accepted university offerg for the lollowii)g year. 9i /0 of applicantg applied to study a STEM subject. 91 /0 of applicantg applied to at least one higher-tariff univergity. 77 /0 of those with offers received one from at least one higher-tariff university. In 20?5, the number of eligible applicants significantly increased with a total of J,430 eligible applicatiL)ns from siudents across the UK. representing a 68°/0 increase in applications. Through the summer In2scienceUK supported 62? studenis, with all participants from low-socioeconomic backgrounds with limited access to STEM careers and higher education guidance, support and work experience. With 84 % of students being from eihnic minority backgrounds and 70Q/o of participants being female. Key data from our evaluation showed the significant impact of Ihe programme.. 980/0 of participgnts Said they had gained practical or professional skills that support them in Ihe future. 950/0 of participants said they were motivated to study a STEM siibject at University or STEM appreniiceship following the programme. 940/0 of participants Said thai the programme made them feel they belong in a career in STEM. 91 % of panicipants said through the prograinme that they had learnt about different routes into careers in STEM. 800/0 of participants said that they ere confident to ..rIte a high quality UCAS personal ststement or application. 400/0 agrecd with thi5 Statement prior to the programm¢. In2research In ?024125, our progFramme received 491 eligFible application5 froin under¥radllates, master's students, and recent gFraduate5. higFhlighting 5troii¥ demand for hibwh-quality research opportunitie5. We supported 125 participant5 through imme]Ve research placements, alongside mentoring, ski115 workshops, and residential away days desiuned to build confidence, capability, and aspiration. Our programme delivered meaningful outcomes for students at every stage of their joumey.. 97/0 said the programme helped them decide whether a research career was right for them 85 /0 aspire to become a researcher or professional ii) their chosen field 90/0 developed praciical regearch skills through hands-on placement experiences 88 /0 feel confideni preparing a postgraduate research application (up from 12 % before the prL)gramme) 81 /0 understand how to apply for postgraduate research funding (up from 8 % prior to taking part) 80/0 built a professional network through their placement 42 /0 secured additional opportunities. including master's study. co-authoring academic papers, attending research conferences, further placements, and docioral opportunities A follow-up survey of the 2024125 Cohort shows strong progression in the 2025126 academic year.. 230/0 are completing their undergrgduate degree 270/0 are studying for a master's degree I 00/0 are stsrting g PhD 200/0 are in full-time employinent In addition, 700/0 of participants plan to apply for a PhD, demonstrating the programme's lasting influence on ambition and progression into research career5. Page 7
IN2SCIENCEUK.ORG Trust¢¢s' Report TogFether, these outcomes Show how targFeted support. access to research eiivironmeiits, and higFh-quality Tneiitoring can open patliways iiito STEM re5earch-particularly for students who might Othe115£ face barriers to progression. In addition to the impact oil participants, In25cienceUK's evaluation deTnonstrates that 1112re5earch is driving meaningl'ul change in research culture acrogs academia. 86 /0 of placement hostg and 71 /0 of mentors reported a greater understanding of the barriers faced by Black, Asian, and minority ethnic ptsstgiaduate reseaich students 6710 ol. placen)ent hosts and 72 % of mentors said tl)ey are i)ow more likely to advocate for cultural change within their instiiutions 89/0 of placement hosts and 94/0 of mentors found the programme personally valuable These results show that In2research not only supports students but also empoivers academics and research professionals w challenge barriers. champion inclusivity, and coniribute to lasting cultural change in higher educaiion. In2eareers To measure In2careers' impact in 2024125, we analysed 221 participant survey responses. 81 O/o- kno. more abolit different STEM careers availgble to them and how to access them 810/0 of respondents felt they have access to more opportunities to get involved with STEM opportunities. 710/0 felt more confident to apply for a STEM job 71 % agreed that they gained ne. skills and knowledge to help them progress with their career. E.g. CV writing. 600/0 of respondents said they made new connections with STEM professionals Financial performance In this accountin¥ period we received a total of £1,585,459 from a variety of fiinding sources including univer51ties, trusts aiid foundatioi)s. profe55ional STEM societie5, Cotporations. and private doiiations. This 15 a 5UStained level of funding from the financial year 2024, with a totsl income of £1,560,369. The organisation's financial perlomance in FY25 demonstrates a stroi)& sustainable position and disciplined resource management. Building on the experience of FY24. whei) straiegic investments led to a deficit of £i34.64i and reserves fell below target, FY25 reflects a successful reealibration of income and expenditure. Sugtained income of £1,585.459, slightly above FY24's £1,560.J69. combined Mith prudent e.¥ndIture manageinenL resulted ii) an underspend of £105.852. This enabled reserves to be rebuilt to £J89,512, exceeding the target of £371.709 and representing a 37/0 increase from FY24 reserves of £283.660. The trustees aim to maintain free reserves in unrestricted funds at a level equating to approximately three months of charitable expenditure. FY24 provided valuable lessons that infomied a focused FY25 strategy. Resources were alllxated strategically, including targeted investment in income generation, while programme delivery remained fully protecied. This approach stren21hened operationgl sustainability, ensured eificient use of funds, and positioned the organisatioll to continue delivering meaningful impact. Looking ahead to FY26, 'e recognise the brogder downturn in the fundraising landscape across the voluntary sector. While this presents challenges, our strengthened reserves, disciplined financial management: and tsrgeied investment in income generation provide a solid foundation to navigate these conditions. The organisatioii remains M'ell-positioned to maintain programme delivery, attract new support, and continue deliveriiig measurable iinpact, demonstrating resilience and strategic adaptability in a changing environment. Page 8
IN2SCIENCEUK.ORG Trust¢¢s' Report Safeguarding Mitigation5 for this risk include.. l. The charity has a designated trustee M'ith responsibility for safeguarding and inteTnal safeguarding leads. 2. The charitv has robust safeguarding policies ii) place for under 18's ai)d adults at risk. Thig ii)cludes an updated safeguarding policy and procedures to ensure we are coinpliant with regulations for England, Wales and Scotlai)d. These are publicly available. Staff undertake mandatory saleguarding trainii)g on joii)ing the organisation appropriate to their role and take part ii) additional intemal sdfeguarding trnining every siear. Volunteers are provided with saleguarding trnining where appropriate as part of our mandatory induciion sessions. 4. All Trustees complete safeguarding training when joining. 5. The charity has robust safeguarding procedures in place as part of our recruitment policy. 6. All safeguarding incidents are reported ai each trustee Lx)ard meeting and included in the CEO report. Publie benefit The trustees confimi that they have complied with the requirements of section 4 of the Charities Act 201 I to have due regard to the public benefit giiidgnce piiblished b}, the Charity Commission for England and Wales and meei its obligations of charitable purposes and public benefit. Strueture, governance and management Governance is managed according to the policies and procedures outlined in the articles of association. These iiiclllde the charity's organisational structure and policies regardin£ relationships with related parties. The trnstees, considcration of major risks. as well as systems and procediires for their managcmenL are also contained in the articles of association. Trnstees also sit on one of four committees,. Opcrational Assurance Group (covering financial and operational support), Gr0rth and Income, People and ProgrEllnme E Impact. Cotnmittees meet several tiines a year and the lead trustee feeds back at trustee board ineetings. As In25cienceUK has ke), aims in promoting social inclusion and equal access, we are committed to maintaining the utin05t intebFrity in all aspects of our gFovernance in order to promote our valiies at all leve15 of the or¥anisation. Key management personnel Stephen Hantock served as Interim CEO till February 2026, at which point Rachel Hillman then took up the role on a permanent basis. The trustees consider the board of trustees and the chief executive as CL)mprising the key managemeni perslinnel of the charity in charge L)f directing and controlling the charity and running and operaiing the charity on a day to day basis. Trustees are required to disclose all relevant interests and register them with the chief executive and in accordance with the charity's policy withdraw from decisions where a conflict of interest arises. The da}, to day administration is delegated to the CEO. Before Trustee meetings the CEO prepares overviews of the accounts and biidget with the Treasiirer. Addiiionally, updates on fundraising, student and researcher.ISIEM professional recruitinent and expansion strategies as well as recommendations to the trustees concerning these activities are prepared. The trustees seek to folloiv the good Practice 'Charity Trustees Guide, issued by ICSA. Page 9
IN2SCIENCEUK.ORG Trust¢¢s' Report Plans for the future There is a critical need for programines that empower Students from low socioeconomic backOUndS to achieve their 11 potential. and we are coinmitted to addressing this challenge strategically. By partnering with key stakeholders. we help students pursue STEM degrees ai)d careers, tackling the 'leaky pipeline, that limits progressioi) and eontributes to the growing skills gap ii) the UK STEM workforce. Our initiatives not only foster social n)obility but also create measurdble, lasting impact for individuals and coinmunities. Looking ahead, we are ensuring our programmes continue to meet the ehallenges of tomorrow. This includes equipping students with the skills required for the STEM careers of the future. supporting altemaiive pathways inio the sector, and reaching communities with the least access to opportunities. providing targeted support ihat maximises progression into STEM education and careers. Through this approach. we are enabling every young person, regardless of background, to realise their potential and contribute to a more diverse, skilled. and resilient STEM workforce. Di5c105ure of information to auditor Each trustee has taken steps that the}, ought to h8ve taken as a trustee in order to make themselves aware of any relevant audit information and to estsblish thai Ihe charity s auditor is aware of that inforniation. The Irustees confimi that Ihere is no relevant information that they know of and of which they know the auditor is unaware. The annual report was approved by the trustees of the chariry oli . 181061202 and signed on its behalf by.. Victoria Pope I 2026 09."28."32 GMT+11 Professor Victoria Pope Trustee Page 10
IN2SCIENCEUK.ORG Statement of Trust¢¢s' R¢spon$ibilitie$ The trustees (who are also the director5 of IN2SCIENCEUK.ORG for the puryose5 of compan), lawl are responsible for preparing the trllstees, report and the financial stateineiits in accordance witli applicable law and United Kiiigdom Accoiiiitiii¥ Standards (Ui)ited KinuFdom Generally Accepted Accountiiig Practice), including FRS 102 "The Financial ReportingF Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees musi not approve the financial siatements unless they are satisfied that the}, give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources. including its income and expenditure. of the charitable compan}, for that period. In preparing these financiai statements, the trustees are required to. select suitable accounting policies and apply them con5lStently,' observe the methods and principles in the Chariiies SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accountiiig standard5, compri5in¥ FRS 102 have been followed, subject to any material departures di5c105ed aiid explained in the financial 5tatement5', aiid prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will coniinue in business. The triistees are respoiisible for keeping propcr accoiinting records that can disclose with reasonable accuracy at any time the financial position of the charitable compan}. and enable them to ensure that the fiiiancial statements comply with the Companies Act 2006. They are also respoiisible for safeguardin£ the assets of the charitable company and hence for taking reasonable steps for the preveiitioii and detection of fraiid and other irregiilarities. The trustees are responsible for the n)aintenance and integrity of the corporate and financial information included on the chariiable con)pany's website. Legislatioi) goveming the preparation and dissemination of financial statements may difter from legislation ii) other jurisdictions. Approved by the trustees of the charity On . 1810612026 and signed on its behalf by.. Victoria Pope I 2026 09.'28.'32 GMT+11 Professor Victoria Pope Trustee Page 11
IN2SCIENCEUK.ORG Independent Auditor's Report to th¢ M¢mb¢rs of IN2SCIENCEUK.ORG Opinion Wc have audited th¢ financial stat¢m¢nts of IN2SCIENCEUK.ORG (th¢ 'charity') for th¢ year ended 30 November 2025, h7¢h coinprise the Statement of Financial Activities, Balance Sheet, and Notes to th¢ Financial Statemeiit%. in¢liiding a siiinmary of signifi¢ant accoiinting policies. The financial reporting framework that has been applicd in their preparatioii is United Kingdi)m Accounting Standard%, comprising Charities SORP - FRS 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law Iunited Kingdom Generally Acccpted Accounting Practice). In our opinion the financial statements.. give a true and fair view of ihe state L)f the charity's affairs as at 30 NL)vember 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in aecordanee with International Standards on Auditing {UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the audiior responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant 10 our audii of the financial statements in the UK, including the FRC'S Eihical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe rhai the audit evidence we have obtained is sufficieni and appropriate to provide a basis for our opinion. ConcluSLOllS relating to going concer In auditing the financial statements. we have concluded that the trustees use of the going concem basis of accounting iii the preparation ol'the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertaintie% relating to events or conditiOT]S that, individually or collectively, may cast significant doubt on the charity's abiliry to continue as a going con¢¢rn for a period of at least twelve months from 'hell th¢ original finan¢ial statements were authoris¢d for issue. Our responsibilities and the respoi)sibilities of the trustees with respect to going concern are described in the relevai)t sections of this report. Other information The trustees are responsible for the other ii)fomiation. The other infomiatioi) coinprises the ii)formatioi) included in the annual report, other than the financial statements and our audiior's report thereon. Our opinion on the financial statemenis does not cover the other information and. except to the exieni oiherwise explicitly slated in our report. we do not express any form of &ssurance conclusion thereon. In conllection with our audit of the financial siatements, our responsibility is to read the other infomigtion and, iii doing so, consider whether the other information is materially incon5lStent with the financial statements or our kno,[edge obtaiiied in the audit or otherwise appears to be materially misstated. If we identify siich Tnaterial iiiconsisteiicies or apparent material misstatements, we are required to deterniine 'hether there is a Tnaterial Inisstatement in the financial statemeiits or a material Inisstateinent of the other iiiformation. If, based on the 'ork we have perfomied, we conclude that there is a material misstatement of this other infom]ation, we are required to report that fact. We have nothing to report in this regard. Page 12
IN2SCIENCEUK.ORG Independent Auditor's Report to th¢ M¢mb¢rs of IN2SCIENCEUK.ORG Opinion on other matter preseribcd by the Companies Aet 2006 In our opinii)n, hascd i)ii the work iindcrtaken in thc coiirse of the audit.. the iiifotynatioii given in the Trustees, Report for the financial year for which the financial Statements are prepared is consistent with the finai)cial statement5. and the Trustees, Report has been prepared in accordance with applicable legal requirements. Matter5 on which we are required to report by exceptiotl In the light of our knliwledge and understanding of the chariry and its envirLTrnment obtained in the course of the audiL we have not identified material misstatements in the Trustees. Reporr. We have nothing to report in respect of the following inatter5 where the Companies Act 2006 requires us to report to you if. it] our opinion.. adequate accounting records have not been kept, or retun)s adequate for our audit have not beei) ieceived frlim branches not visited by us; or Ihe financial statements are noi in agreement with the accounting records and returns,. or certaiii disclosures of trustees reiniiiieratioll specified bj. law are not made.. or we have not received all ihe infornjaiion and e.¥planaiions we require lor our audit. Responsibilities of trustee5 As explained more fully in the Statement of Trustees, Responsibilities (set out on page I l), the ttlJ5tees are responsible for the preparation of the fiiiancial 5tatement5 and for being 5at15fied that they &Tive a true and fair view. and for such ii)ternal control as the trustees determine is necessary to ei)able the preparation of financial statements that are free from material misstatemenL whether due to fraud or error. In preparing the financial statements, the trustees are resplinsible for assessing the charity's ability to continue as a going concern. disclosing, as applicable. matters related to going concern and using the going concern basis of accountinq unless the trustees either intend to liquidate the chariry or io cease operations, or have no realisti alternative but to do so. Auditor responsibilities for tht audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements gs a whole are free from mgterial misstatement. whether due to fraud or error, and to issue an auditor's report that includes our opinion. Regsonable assurance is a high level of assurgnce, but is not a guarantee that an audit condiicted in accordance with ISAS lUtQl ..lI1 always detect a material misstatemejit when it exists. Mi5StateJneJits ca]1 arise from fraud or error and are considered material if, individually or it] the aggTegate, they coiild reasonably be expected to influejice the economic decision5 of users taken on the basis of these financial statenientS. The extent to which oui procedures are capable of detecting irregularities, including frdud is detailed below.. Page 13
IN2SCIENCEUK.ORG Independent Auditor's Report to th¢ M¢mb¢rs of IN2SCIENCEUK.ORG ITregularities. iiicluding fraud, are i115tances of non-coinpliance with lam's and re(Tulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of itTegFularities, including fraud. The extent to which our procedures are capable of detecting irregFularitie5, including fraud 15 detailed below.. We obtaii)ed at) understanding of the legal and regulatory requirements applicable to the charity. We obtained an undeistandii)g of how the chaiity complies with these requirements by distussions with managemei)t and those charged with goven)ance. We inquired from Inai)agemet)t and those charged with governance as to any known instances of noi)-compliance or suspected i)on-compliai)ce with laws and regulations. We desiJ(T ed our audit procedures to identify, instances of non-compliance throughout the audit and remained alert to instances of non-CLimpliance throughout the audit. We assessed the risk of material misstatement of the financial statements, including the risk of material miss[ament due to fraud and how it might occur, by holding discussions with management and those charged with governance. Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading 10 a material misstatement in the financial stsiemenis or non-complignce with regiilation. This risk increases the more that compliance '1th a law or regulaiion is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instsnces of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion. omission or misrepreseniation. However, the primary responsibility for prevention and dctection of fraud rcsts with both management and those charged with governanc£ of the charity. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional sceptiC15m throughout the audit. we also.. Identify and a55es5 the risk5 of material mi5Statement of the financial statetnents, whether due to fraud or error. desi¥n and perform audit procedures responsive to those risks, and obtaiii audit evidence that is sufficient and appropriate to provide a basis for our opinioi). The risk of iiot detectin¥ a material mi5Statetnent resulting from fraud is higFher than for one resulting from error. as fraud maj. iiivolve collusion, forgFery-. intentional omission5, isrepresentatioi)s, or the ovetTide of internal control. Obtain an understanding of internal Lontrol relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion oli the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriatenegs of the trustees, use of the going concern basis of accounting and. based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists. we are required tLI draw attention in our auditor's report to the related disclosures in the financial statemenis or, if such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to CL)ntinue as a going concern. Evaluate the overall presentation. structure and content of the financial statements. including the di.sclosures, and whether the financial statements represent the underlying transactions and events in g manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit fjndings, including any significant deficiencies in iiiternal control that we identify during our audit. Page 14
IN2SCIENCEUK.ORG Independent Auditor's Report to th¢ M¢mb¢rs of IN2SCIENCEUK.ORG Use of our report This report 1% made solely to the charitable ¢ompany's triistees, as a body, in a¢¢ordanc¢ with Chapter 3 of Part 16 of the Companies Act 2006. Our audit 'ork has been undcrtaken so that we mIt %tste to the charity's trn%tees those matters 'e are required to state to them in an auditor's repi)rt and for no other purpose. To th¢ Ilest extent perniitted by law, we do not accept or a%sume respon.%ibility ti) anyone other than the charitable ¢ompany and its trnst¢es as a body, for our audit WOTk, for thi5 r¢port, or for the opinions we have fomi¢d. Mr M Pvvii 'alci (Senior Statutory Auditor} For and on behalf of fahas & Co Ltd. Statutory Auditor Suite J, Second Floor 760 Easiern Avenue Newbury Park London IG2 7HU Date.. 0210712026 Page 15
IN2SCIENCEUK.ORG Statement of Financial Activities for the Year Ended 30 November 2025 (Ineluding Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) Total 2025 Total 2024 Unrestricted Restricted Note Income and Endowments fro. Donations and legacies 944,906 640,553 1,585,459 1,560,369 Total income 944,906 640,553 1,585,459 1,560,369 Expenditure on: Charitable activities (842.591 } (637,0161 {1,479.607} (1,895,012} Total expenditure 842,591 637,016 1.479.607 1,895,012 Net incom&l{expenditure) Trdnsfers between funds 102,315 3,537 13.537) 105,852 1334,6431 Net movemeiit in funds 105,852 105,852 {334,643} Reconciliation of funds Total funds bn)ught forward 283,660 283,660 618,30i Total funds carried forward 14 389,512 389,512 283,660 All of the charity's activitie5 derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 14. The i)otes On pages 18 to 25 form an integral part of these financial statements. Page 16
IN2SCIENCEUK.ORG (Registration numb¢r: 07706662) Balanee Sheet as at 30 November 2025 202S 2024 Note Fixed assets Tangible assets 10 9,254 Current assets Debtors Cash at bank and in hand 59,790 423,92) 165,243 428,806 483,713 594,049 Creditors: Amounts falling due within one year 13 {103,455) {322,7?7} Net current assets i80.258 271,3•2 Net assets J89,i12 283,660 Funds of the charity: Unrestrieted income funds Unrestricted lunds i89,512 283,660 Total funds 14 J89,512 283,660 The financial 5tateineiits on pa¥es 16 to 25 were approved by the trustees. and autl)orised for issue oi) IAinRTrfi?R and signed On their behalf by.. Victoria Pope IJ 2026 09.'28.'32 GMT+11 Professor Victoria Pope Trustee The i)otes On pages 18 to 25 form an integral part of these financial statements. Page 17
IN2SCIENCEUK.ORG Noles to the Financial Statem¢nt$ for the Year Ended 30 November 2025 Charity status The charity is limited by guaralltee, incorporated iii England and Wale%, and ci)nscqucntly does not hav¢ shar¢ capital. Each of the trustees is liable to coi)tribute ali amount not exceedii)bF £Nil towards the a5set5 of the charity in the event of liquidation. The address of its registered office is.. CIO Sedulo Office 605 Albert House 256-260 Old Street London ECIV9DD 2 Accounting policies Sumrnary of significant accounting policies and key accounting estimates The principal accouniing policies applied in the preparaiion of these financial statements are sei out below. These policies have been consistently applied to all ihe years presented. unless otherwise stated. Statement of COpIlanCe The financial statements have been prepared in accordance with Accounting and Reporting by Chariiies.. Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021) {issued in October 2019} (Charities SORP IFRS 10))), the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102) and the Companies Aci 2006. Basis of preparation IN2SCIENCEUK.ORG meets the defiiiition of a public benefit entity under FRS 102. Assets and liabilities are iiiitially recognised at historical ¢ost or trdnsaction value unless othenvise stated in the relevant ac¢ounting policy iiotes. Going eoneern The trnstees consider that there are no matcrial uncertainties abolit the charity's ability to continiie as a going concern nor any significant areas of uncertainty that affect the carying value of asscts held by the charity. Exemption from preparing a cash flow statement The charity. opted to earlj. adopt Biilletiii I published on 2 February 2016 and have therefore not ii)cluded a cash flow statement in these financial 5tatement5. Income and endowments All income is recog511ised once the charity has entitleinent to the income. it is probable that the income will be received and the amouiit of the income receivable can be Inea5ured reliably. Grants receivuble Grants are recognised when the charity has an entiilement to the funds and any CL)nditions linked tl) the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is reclignised as a liability and included L)n the balance sheet as deferred income to be released. Page 18
IN2SCIENCEUK.ORG Noles to the Financial Statem¢nt$ for the Year Ended 30 November 2025 Expenditure All expcnditiir¢ is rQgnised once there is a legal or constructive obligation to that ¢xp¢nditur¢, it is probable settlemcnt is required and the amoiint can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregaie similar costs to that ¢ategnry. Where cost% cannot be dire¢tl}' attribiit¢d to particular headiiig% they havc been allocated on a basi% con%istent with the use of resoiirces, with Central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of th¢ asset's use. Other support costs are allated based oii the spread of stsff costs. Chtsrltthble aeilvliles c.haritable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneliciaries. It includes both costs that cai) be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support cost5 Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use Lif resL)urces, for example. allocating properry costs by flolir areas, L)r per capiia, staff costs by the time spent and other costs by their usage. Govern#nee eo$ts These include the costs attribiitable to the charity's compliance 1th constitutional and ststutory requirements, including audit, strategic management and trustees meetings and reimbuTsed expenses. T#x#tio The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation lax purposes. Accordingly, the chariry is potentially exempt from taxatioii in respect of income or capitsl gains received within categories covered by Chapter 3 Part I l of the Corporatioii Tax Act ?010 or Section ?56 of the Taxatioii of Chargeable Gains Act 1992, to the extent that such incoine or gains are applied excliisively to charitable piirposes. Tangible fixed assets Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated iinpainneiit losses. Depreciation and amortisation Dtpreciatioii is provided 011 tangible fixed assets so as to WTite off the cost or valuation, less any estimated residual value, over their expected useful econotnic life as follow's.. Trade debtors Trade debtors are attjounts due from customers for merchandise sold or services perfomied in the orditjary course of bu5iiiess. Trade debtts are reco¥iiised initially at the transaction price. They are 5ub5equeiitly mea5llred at amortised cost using the eflective interest method, less provision for iinpainneiit. A provision for the impaimient of trade debiors is esthblished w,heii there is objective evidence that the charity will iioi be able to collect all amounts due according io the original tem)s of the receivables. Page 19
IN2SCIENCEUK.ORG Noles to the Financial Statem¢nt$ for the Year Ended 30 November 2025 Cash and eash cquivalcnts Ca%h and cgsh cqllivalcnts ¢omprise ¢ash on hgnd and ¢all deposits, and other short-tem) highly liquid investment% that are readily convertibl¢ to a knoTh amount of ¢ash and are subjert to an insignificant risk of ¢hange in value. Trade ereditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary. coiirse of hu%iiiess from suppliers. Accounts pa}'able are cla8%ified a% ciirrent liabilities if the ¢harity does not have an unconditioiial rifwht, at the end of the reporting period, to defer Settlement of the creditor for at least N".elve moiiths after the reporting date. If there 15 ali unconditioiial riLFht to defer settlement for at least twelve months after the reportingF date, they are presented as non-cutt liabilities. Trade creditors are recogni5ed iiiitially at the transaction price and 5ub5equently measured at amortised cost usiiibF the effective interest Tnethod. Borrowings Int¥rest-bearii)g borroi+ings are initially recorded at fair value. net of transaction costs. Interest-bearing borrowings ale subs¢qutntly carried at ainortised cost, with the difference bttweei) the proceeds. net of trai)sactioi) costs. and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period tsf the relevant borioming. Inierest expense is reeognised on the basis of the effective interest method and is included in interest payable and similar charges. Borr0.1ngS are classified as Current liabilities unless the charity has an unconditional right ro defer settlement of the liability for at least twelve months after ihe reporting dale. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in funherance of the objectives of the charity. Restricted income funds are those donated for use in a panicular area or for specific purposes, the use of which is restricted to that area or PUTPOSe. 3 Incorne frorn donations and legacies Unrestricted Total 2025 Total 2024 General Restrieted Gra]Its Grants Regular donations and fees 640,553 640,553 944,906 593,587 966,782 944,906 944,906 640,553 1.585,459 1.560,369 Page 20
IN2SCIENCEUK.ORG Noles to the Financial Statem¢nt$ for the Year Ended 30 November 2025 4 Expenditure on eharitable activities Unrestri¢¢ed Restricted fund5 Total 202S Total 2024 General Note CEO & Director remuneration Employers NIC Workplace pension Allocated support costs 65,566 67,483 74,400 65,566 67,483 74,400 79,814 100,877 67,371 628.927 6,215 637,016 1,265,943 6,?15 1,640,705 6,245 Goven)ance costs 84?,591 637.016 1,479,607 1,895,012 Page21
IN2SCIENCEUK.ORG Noles to the Financial Statem¢nt$ for the Year Ended 30 November 2025 5 Analvsis of governance and support eosts Charitable activitie5 expenditure Unrestricted Total 2025 Total 2024 General Restricted Staff salaries Volunteer expenses & student Bursaries Telephone and fax Coinputer expenses Printing postage and stationery Trade and professional fees Sundry expenses Advertising & marketing Depreciation of otfice equipmeni Bai)k tharges Travel and 5ub5lStence Insurance 444,423 151,961 596,384 977,938 34,481 661 53.047 777 55,676 7,131 4,458 3,084 472,884 507,365 661 53,047 777 65,147 7,131 7,158 3,084 71 440,849 2,377 99,206 4,218 9,471 9,251 31,993 4,112 136 33,002 4,397 2,700 21.477 i,641 21,477 3,641 628,927 637,016 1,265,943 1,640.705 Governance costs Unrestricted Total 2025 Total 2024 General Audit fees Audit of the financial statements Other fee5 paid tts accountant5 5,400 815 5,400 815 5,400 845 6,215 0,215 0,245 6 Trustees remuneration and expenses No trustees. iior any persons connected with them, have received any remuneration frotn the charity diiring the year. Page 22
IN2SCIENCEUK.ORG Noles to the Financial Statem¢nt$ for the Year Ended 30 November 2025 7 Staff eosts The aggr¢gat¢ payroll costs were as follows.. The monthly average number of persons (including senior management I leadership team) employed by the Charity during the year expressed as full time equivalents was as follows.. 2025 No 2024 No Management Support staff 15 27 19 No employee received emoluments of more thE £60,000 during the year. 8 Auditor5 remllneration 2024 Audit of the financial statemenis 5,400 5,400 Page 23
IN2SCIENCEUK.ORG Noles to the Financial Statem¢nt$ for the Year Ended 30 November 2025 9 Taxation The charity is a registered chgrity and is therefore exempt from taxgtion. 10 Tangible fixed assets Furniture and equipment Total Cost At l December 2094 22,661 At 30 November 2025 22,661 Depreciation At l December 2024 Charge for the year 10,32) i,084 10,323 3.084 At 30 November 2025 13,407 13,407 Net book value At 30 November 2025 9.254 9,254 At 30 November 2024 I l Debtors 2025 2024 Trade debtors 59,790 165,?4j 12 Cash and cash equivalents 2025 2024 Cash at bank 423,9?3 428,806 13 Creditors: amounts falling due within one year 2025 2024 Trade ¢reditors Other taxation and social security Other creditors Accruals 2,772 33,888 280,667 5.400 16,803 81,250 5.402 103,4)5 32? 727 Page 24
IN2SCIENCEUK.ORG Noles to the Financial Statem¢nt$ for the Year Ended 30 November 2025 14 Funds Balance at Balance al Deeernber 2024 30 Incoming resollr¢es Resource expended November 2025 Tran5fer5 Unrestricted General 283,660 944,906 (842,591) 3.5i7 389,512 Restricted 640,553 637.016 13,537) Total funds 283,660 1,585,459 (1,479,607) i89,512 Balanee at I Deeember 2023 Balance at 30 November 2024 Ineoming resourees Resourees expended Unrestricted General 618.303 966.782 (1,301,425) 283,660 Restrieted 593,587 {59J.587} Total funds 618,303 1,560,369 (1,895,012) 283,660 IS Analysis of net assets between funds Unrestricted Total funds JO Nov 202) General Tangible fixed assets Current assets c.urrent liabilities 9,254 483,713 {103.45.fj} 9,254 483,713 ( IOJ.455} Total net assets 389,512 389,512 Unrestricted Total funds 30 Nov 2024 General Tangible fixed assets Current assets 594,049 {322,7?7 594,049 32? 7?7} Current liabilities Total net assets 283.660 283,660 Page 25