Chwlty Y•91*trOn numb•r 11V2135 Company r•gl•tratlon nunkn 11842873 (Engl•nd and WJl••) NOTTINGHAM FESTIVAL OF SCIENCE AND CURiosrrY UMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
NOThINGHAM FESTIVAL OF SCIENCE AND CURIOSITY LIMITED LEGALAND ADMINISTrATIVE INFORMATION Profs Ande180n Dr M Young J Dexter Dr P SclKles ProfZA ftye Ms S Waley Chxtty numb•r 1192135 Company numb•r 11842873 Unit 5 ColMl•n Chanrtjgrg P¢tham Slrgot Nottinarn NG12ED Ind•p•nd•nt •xafflln•r Rc*Jers Sparrfxr Pelham Rd Noitlnghom NG5 1AP
NornNGHAM FESTIVAL OF SCIENCE AND CURIOSITY LIMITED CONTENTS Ind8p8ThJont tiyamin8rfs r8F¥J1 Statement of ffinan1 adi¥ib Balance sheet Not89 to the finrA81 Slatanents 7-13
NOTllNGHAM FESTIVAL OF SCIENCE AND CURIOSITY UMITED TrU8TEES' REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Th8 Inthe8 rKewtlhelrannuo1 rowt •)d finandol statorn8nts fry th• 31 M•rth 2024. Th8 finKaal 818taménts Iwe be8n propargd in &D)rdan wrth the A&UntIng pdkies set OLrt in noh 1 to Ihg finanaal staMts And compty wlth the ¢haiity$ g0vem1 docnanL tha Companiès arKI 'Accounting and ReportiThJ by chWi.. Statement of ReMended Ptice applicat4e to ¢harili8s pwr4ng their •xwnts In aCrda1 tAth the Fin8n(?o1 ReF•Jrting StsrMJard applkable In the UK and Rewblk of Ireland IFRS 102Y I8ti¥V l January 2019). tr9 thig period, the Tntsiogs rer)rt on Its Gfjntrel a(thtty, the Ntittingham Festival of Swice and curt11Y took pla In FebrUY 2024. The owives lo athwce aduc41knn. tndudlng puLlfjc undethnding of scnCe. tsCh. ovrgin88ring and maths. by offeriro acco1&, crnotNo qnd rvant aLlvltig8 to th9 broadast pOltO raryJB p8oplo. in pwtiear bul nDt oxdus5vely by.. . wowding or4)ortuniti8s that 8nthe pw4è of Trk)ttirvJh and Not11nT8 to have a boltsr undarntsndlrw of how 3c4ence. tachrK)h¥y. aryins•rtry. maths and relatad d18dplnes ¥• part of and impaci thelr everyday live& . wovldlry aclNibes that stiffwlate and nurture c(wk¢lty, Creativlty 8NI Innovèt)n" tscilitallng th•bwe boiween $denli8ts. resogrcherslexpert¥, Juc8tors •rtd civ51 sodety.. . providing hands on. trthcliv8 and parlklpalory 8vwts arwj aLvlUes wrfth IXDWJ wKJ lasiiThJ Inpact whSch wll éncouraga inrnsed publK grvJageMI and und6thn(Ing of SLt4 acris th8 full ixeadih of Jr drveTrg 8tyJety. The TNstees conUnu8 to take the view that it is tffthl apwoprie rv)t to p10Y a Staff team to deliver tha objects through the prodti of an nal festival, but instoad to enter Inlo a contract Ignlte Fulwes Ltd, the NotUnghorfvb8sed educ81b charfty and foundiry partrwts of the feslival. to prod th0 2024 F¢stiYal. Since Ihe t)rporatIOn, Ignke Futures Ltd Ik9ve detfverwj the 2020 . 2024 Festivals aNJ TnJ8t8e8 Intend to {lnue thi8 forose8abl6 futuro. The trustees have paKI due regard h) guidance ld ty thg Chgtrty C(¥nmisSton th dgddNvJ vthol aclMll88 the charity shoukl undertak8. The Nottlngham Feslval of and Curfosity took te in Fetrtuary 2024 arKI vras orKe 1ft a highty Ow th8 cT88 of the F•stiv81, 15.700 p8opl• engaged )88 94 events. Events wfjro h8ld In ranglng IiYAtJns In&Jding librarf88, communlty centros, colleggs. ¢alh•thals, mLrseurr6 arKI chlldren's centr85. Tho reach across tho cOty u)rrtinu8d to grow, partlculaty in¥olvkng smal•r t¢yhms in nsw areas. Cknr&l. thè ev w¥ pported by 286 vojunleets aNI 17 partmrn. Addbtlon81y. the prcwanTh of eryxenwl for 8thLYls exlanded fvrlher to invofve 60 8th00ls. In tho R1 Sdence In sd8 SJThpo%"uffl hekl at NOtt¥haM Counal Hou86. A t8rget for this F8sbval was to be ablg to undertak? futher engagernent wllh 8pa(ial 8dKc4s, and thè 8UPPOrt of a an1 from Roy¥l Sodety of CthY thLs WèB achi•wJ, Ything Mth fJr sp8ual 8chool$ and theMty und8rgr8duat6s from Notljnghwn Trent UnNernity. ros in hw potNe 8nd Impacthl coTrètrAxakn for 811 invdved. arMI we planni to furthar oxtano this in 2025. The Festival mag&zlno ¢onknued lo be a kry bjrn of th8 2024 Feslbval and w 0>Cre8 throryh collatnrations vjlth Iwal sludents arTd The magozine includas th8 Fgsuval programma as well 08 rn8ny fun. acc888ibie actfvioes and art8 for thiklren and youThJ pwt40. 10.000 rAV8S distr1tle.
NorriNGHAM FESTIVAL OF SCIENCE AND CURIOSITY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2024 ThB Fe8tival'8 alm. the of our $trakn and nnlnth ry)nlknuès to to •ThJaga aThJ dfverne audlencgs. lIefOre tru&1 are dellghted lo repcfft I11 61A% of altsndee8 Vfjitad the Fostlval for the ftrnt me. There was aL80 the first SEND frlenthy 8esst(Y¢ * Nc4llntham Cathgjral. AddEUonalty, for the flrst m8 the Festival offored sm811 Convnunty Grants lo communtty groups In or(ler lo $uppwt them to deSn and delNer thelr own Community events. Th8 groups w•re S8Ctod Ihrough applipAtiJn arnl asses8rnenl pte$S. 3 gmups rxeived awards and delrv8Ted th8r events. Oasés Commjnty Cantre. Thè Lenton Centr and FLK)tprinl8 . Fdlowing this SLnxssful Fllot tryc18 in 2024, tho Van V•iM be to offer MMUnty gr again IDr 2025, Inct¥rpor8ting thg reaming from the pilot wth a forus (m reathlng OLrt further to n8w (mrnunlty grou rnt Prev engag8d FIMn¢i•l r•vl•w The Tnth Older thdr resILbH6lie3 to report tho finan¢ hBalth of umnpany. arKI make thg followKJ obs•rvatsons on the y88r urKl8r rovW. The TnJste6s consKler that these acwjnts shuw a 8tsady flnandal wsthon. Effort on tho of thg Tn88 anif th8 staff team of Ignite FLAure8 conlinuo5 to r¥wlt In 8 brtwd baBe for in(x)Th to the Ch1 invofvir univeNts¢s. b1 aLrthots, vduntsry. pu arby wivate sectoN Chjrlng th15 peri tho dmrity has addlh0nty rfved tha Sm1 wanls for dis11 proi8th' Biilish Sthnce AssOda1 for th& UK Resoarth aThl InnOVatnI UK Sclenee F•slivalB twork IUKSFN) 'Making ConntilYS, 2023 Fwjectr, Wellcome Centre for Human G8netlc81UKSFN - Inklng rese4rtthe wlh new audTences,' Royal Stsioty ChemBty Outreath grant for 'Com8 Alive wtlh Chemjsty - linkirvJ cemisty uThJeryaduate8 wlth SEND 8th001s. The Trust note V)•t them * lith IrKJ)me from donauons to tharfty, nor from 8alè$ ly en¢d and Ihe futute prospgcts for oamed inc(Tr C4)ntinue to remain SM1. An area for tothtial fijlute d8vehwent1s 8 ater fe•S on gr8nt Income and applEcaUor to t1•8. Th• chavlty Is reglsterwj for glft &d. ¥KI is oxomFI from r))Yrmtkn tax. Trustees d8Vebl and adoptsd a re8erv8B Ni eady 2023. The pc4ty ha& been d8¥doped to robustT88 and re8lWen¢e In FOSAC'S Ilnanclal man8gem8n( InxmirKJ kknnlTr3 no¢d8 arKI ri8k managamènt by the knjstees. a rtsity FOSAC has mlnlmal I11 sts and overt. Each ygar >95% of expre Is on th8 annual scn festival thrnugh a combinatlon of paymont for Ignitel Servi for iyoduclon and dlTect Osts assoaal&J the 6venL Th18 allm for a c6rt#in amount of inhereni fleXty 8nd mkngation rtyarding overall financial •yposurn arKI rlsk tr the charity. Th& agremnt with19nitel WOVMJe8 thB abilty to a.Ust fesbval Juthn Gosts and acepe In the unfween 8vwI thot fwdkng acll¥llles prove probknTrlk In ralslrq deslred ¥umy. rKTrfe8bv8t fJ)sts. plu8 3 monts. of Ignitel wvic88 c08ts 88048ted wlh th8 next annual festival. These threswds will 8ngure the conlinuad finra1 viabilty of FOSAC by gin 8(laquate time to adju$l aywndituro pl&ns baJ on 8clual and proloctJ inwr. wlll also ald Flanning for what fLKNlro is roeded and by i ordèr to man8ge a tK)sldve cash mnI01n fThndat reSw threshdds. Twst88s not• ts ¢mnt levol of re¥eNes of £3,335. Indudkng rty £75 of frBe reser¥v. are baltrw our to level orKI we stilviry to Increase Qur t88eNes durlng the nsxt 1Cl. As p8rt ofthls proce88 Twst¢e8 have ¢onsldernd r18k$ k) FOSAC fuThJry and dav•10d mitsgakn Btrategre& The TIL revknv thi$ pOIY annu8lly. typi¢8lly as part of Ihe Q4 Bogrd meetirwJ stratggy obJeclive8 8nd budgsts for th$ next financAal year arg d¢8CLBsed. The proFMx&J financial reseN86 ftr the nexi psriod thon bo wJo8d. The fce suWwp wrfl monllor furKls and casmow on an ongoing ba8B and bring Ony crmcems to Ihg attonlbn of lh$ 80gnl rflas nggd8d. Finandal ro8thvg8 VAII mtin8ty ¥WA at eath Board m6étitYd aThl any to sum offiJnd$ held in rnseTho vjill be doGlded by the 8tsrd. By keeiiry adminr8trBtion 8ThJ overheads to a mlnimum. ts ¢th81ity de¥ot¢8 a ptrcentage of any support waved to programm8 deliveryfor public i*nefrL Tho trustees havè as$6ssed the major risks to whT¢h Is exFrfJsed, aThd ar• Sal ttwt systeffA are in plw to nNbgato pxposura to the mapx risks.
NOrnNGHAM FESTIVAL OF SCIENCE AND CURIOSITY LIMrrED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR EAIDED 31 AIARCH 2024 Phn• forfirtur• p•rknd• The Tntstéos alm to fthlNMJe to davdop r0 and range of aclv4rf195 In trte Festival of S(i$nc6 and Cuihxty and to ttjntinue to Kirk wlth a broa(1 range of pather5 inckthg Sch, cornmunity groups. univerniues. 8chools and cultural organls8ti¢)n$. Tha ¥bDrk will conlinue lo prlorilise engagmnt wlth Un(r$d communltles a¢Toss Nottsryham and NOttinghh1rP. and foM on fvrther developing our communicalions and mettrths in reaching our taryel audl¢n¢68. 8y t1[ryY rev6eMryng arKI anatyslng paCIp9kn 8nd graph•I dats and fe&Jbat tho ar68s offiw for f68lval arg rovknyi re8pondaLI lo arml p&ml Directh of The Notbngham Festival d SLierKe ar Curinty Ltd, a o)mpany linitad by Guarantee. al80 aca TIltst for the drity. Thlstsas aro rwxultad by w open appoinkn8rrt WCW8, and ottsSKJnaNy by knrlisemonl, and knvitod to obsarve a l)08 meeting before do(xdiNJ wlthr to 14)nllnx thalr Inter•st. AU DlYethslTru8t885 acl vrith [0, d11g9r and 8k411 as required by tho C&)nvY and charlty legiall0n. FNe mgollngs of the Dlractor8 arè hokl oac yoar induding an InUal Genaral Meetiry. at a Ihird of Ihg Dye arg Toquired to retira by ro¢e. antt may b& re4polntsd. Tho Nottingham F6stival of sCe Cuiw Board of Trustees Iws tJeat&J suWToups whith fo(xB on pfirllcular areas of VThk devebpm•nL The surOupS (Jjrrenty focAJs on fvndraisiny evaluatw. vl8ibilty and profile and equlty. dNernty and Incn. SurOLs ¥re fom78d Lrf TrwtO88 vAlh rdalad intwe8t or exlti80. Ignitel Staff t•am and mamber8 of ths bo8r(l that acl in an thigtiry capaty. NotiGw 8nd agKI&S of mo&tKws are Sent by the Company S8rx8tsry in a¢fvanc8, and ffnèrK¥al at gach m8eOrp. The TN8te&$ 4r• also re$FJnSlb for onsuring tst th& ¢ximpany has suilablg and appropriat8 Strateg and potvies to onsurn bèst wa¢tir Iale Cmd Protscllon arKI Salegugrdlr¥J pdicl88, and privaty and data nageMent. Through lh• eLythact Ignit¢ Fulw85 Ltd. slaff al vcdunteers worktng wlth yDun9 per 8nd wlnerable a119 are fequk•J to have an Erthan(xd DBS theG. All acbvib•s are rrsk 436ess8d for hazards to staff. and Tha Tmslees OR respo11>19 fr)r ke8Fthg woper 8ccwntr.ng recor(15 that with ToaSonab ac(JJracy al any time the flnan¢ial po8K¥m of the charity and to onaÈ4a thém to ensure thot the firwncial statenxnts conwty wtth the Ccrfnpani¥8 Act 2W6. The ThJstee8 are al80 responsibl8 for saf8guarding the assats of the and h t&king reasonable Steps frthe pr•vontlort and do0Th offrwj other irrryularfties. The above h88 bew preparnd in accordarKe wllh th8 pro¥l8kn8 FWlcab to o)mpanle8 wJbJe¢t to small ¢ompanles reglm9 a8 8Ot out In Part 15 of tho Companf¢s Act 26 In ac£rdance th th9 Charltte8 SORP IFRS 102). The tfU8lew wtho aro al80 th• dlTOCtcrfs for th8 purn088 ofcompary ITh. aThJ who sèrved durfng th• y8ar and up to the da19 of¥Jgnaiurè ofthe 3taknts were: Prof SAndernon Dr M Young J D8xter DrPStho H Chavda &knfZA Toh9 IRW 24 Juty 20231 The IN8tee8' reprtwaB wov8d by the Bo4rd of Tnmtees. l&oU4
NorriNGHAM FESTIVAL OF SCIENCE AND CURIOSITY LIMrrED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NOTnNGHAM FESTIVAL OF SCIENCE AND CURIOSITY LIIArrED I roport to tho trust998 LNJ my exarnivon of thè finanrAal stat8mgnts of NOttIngM Fastival of Sdonca and oslty timtted (tho ch&rity) forthe yew frn 31 Mar( 2024. R•sponslItI0S and b•sls of r•port s tha InL8te88 of thg chW (and 8180 its dkectorn for the PlWPQ of crAnpany1gw> ycw are reSp1b18 for the prepWati of th8 ffinaal statgnnts In atsXrd8n lth th8 of th8 Componl¥8 A( 2006 (th9 20C t). satisfi8d mys•lf that thg flnan¢lal slatsrngnls of the ¢arKy are requlred lo bo 8jIted undw Part 16 of the 2006 Ad 8ThJ are ellglble for Indepdent 8X8mlnation, I rorA)rt In rn8pect of my examlnauon of th8rity's finandal slatements canted c4Jl un¢Jer 145 of the Charitsé8 Ad 2011 (tho 2011 Adl. In CarTr1t out my examitIon I hav8 followed aH tho aWkafAe DiTedion8 giv6n by the CW conwn1M under 1445Xbl of th8 2011 Act. Ml•p•nd•ntuamkn•fs •tal•m•nt I have (x)mpleted my oxamThthJn. I confinn that no matters have rxyne lo my 8tbniTh in connth th8 examknation gVya me cae ts) b8l8vè that in w)y materlal re9per ac£ounting rarxd8 were not kept In respect of the charity as requtred by 88ctkJ1 380 ofthfr 2( Act., or financiat 8latements do t arcc wilh those rKord5; or the ffin8 slal¢ments do Th)t comply vAth th9 8cctyJnlthg requtrements of ¥eckn 396 of the 2)6 Act 0th8r any requlrement that th• acctyjnts a Iwe arKI falr vlew whkh IB not a matter trle(la5 pt ofan Klopen¢J•nt examInal. or th8 fknaTh>o18tatwnonts not been prep8r&# o¢cnlanL¥ vAlh the mglMd$ 8rKI rK&plea of the ststThnt of Rec(nm¢nded Practk for 8G¢ountlng and rekM)rtlr¥J by chartbes applt¢at4e to ch8dllgs prep8rfw Ir 8eAounts In arsnCe wilh thts Fwkqndal Reportlng s1ofvJ8ffl appllcable In the UK and RwfiG of Iroknd {FRS 102}. I no WKI no othw matteTr In wlth the exorrdnauon to whlch atten be dra In ' rept In onlerto ènatjle a prcper uTrlerstsndrvJ ofthè finandal statern to be rethd. Mdvln Balty FCCA DCtiA for 8Thd on behalfof Rcoor¥ Spenc¢r N8WStead Hous8 P8knam Rd NottlrvJh• NG5 1AP 14... 202
NornNGHAM FESTIVAL OF SCIENCE AND CURIOSITY LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Tot•1 fund• fund¥ 2024 nd¥ fund 2023 Not•s Charitable actMb98 85.617 85,617 82,205 82.205 9a235 85.871 85.871 t lnconrfoxp•ndlr• lor th• yearl 18,618) (6.618) 13.066 {3.1366) Fund balanc5 at 1 Apr 2023 75 9.876 9,951 75 13,542 13,617 Fund balancm al 31 Il•r¢h 2024 75 75 9,876 9.951 The StateMt of ffinan¢i 8¢bvttses Sndudgs 811 gairks arnl k)8868 rer4)gnl8ed In Ihe yw. The stslemtt offinan¢lal a(aivths Indude8 all gans and Ios868 recoJnl8ad In the yw. IncJTh aTha oxpendlture dgrfva frun (%nn9 8clMtie8. Tho ststemert of financ181 aclNrtw algo c• with th8 r8Wr8ments for an incom8 and exp9nthiT8 acts) under the crPaniesACt 2[6.
NorriNGHAM FESTIVAL OF SCIENCE AND CURIOSITY LIMrrED BALANCE SHEET ASAT31 MARCH 2024 Debtors Cash at bank 8rn1 in hond 10 10,971 3.576 1.999 9,882 14,547 Cr•dllorn: amount• falllng du• within ¢Jn• y•ar 11.881 11 111.2121 11.930) 9.951 Th• fund• olth• ¢hArfty R88tricted in¢omo fuNI8 Unrestsictod lund8 12 13 3,260 75 9.876 75 9.951 company 1$ onliLW ¢0 th6 ox9mpkn lereM&nI o)ntaintd in soction 477 of the Compthe8Ad 2006. fcf thè year ¢nded 31 March 2024. The dwe(aor8 acknovA8dge their reswisibilitras for (x)Mp1r with th8 Tequlrgments of thè C(wnpan Act % vAth r¢sp8c to accounting rd$ and the wep8rn1icffl of finandal Slatents. Th9 mgnJ8r8 have not Nu11 tho cixyny to otAain its finandal slatoments for tha year li l) act>)rdanc• with soclw)n 476. finanual Sta1*n hava be pr8pwJ In xcordanc8 the p9b)n8 4)plic¥tle to 18(# lo the Bmall rmipanle8 regwn8. F>rof SAThJw8on Company regi8lraticm nffikn8r 11842873 lEnd and Wakns)
NOINGHAm FESTIVAL OF SCIENCE AND CURIOSITY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR ThIE YEAR ENDED 31 AIARCH 2024 ACC(11 Chwtty Infonnauon NoilIngh Festival of Sderth Curi081ty Limited 48 a privat8 company lined by grante@ kKuporated Enukrynd and Wal Th8 r0g18tered oifK¥18 un 5 Colxlon ChberS. Pelham SW NthllnghTr. NG1 2ED. 1.1 Accountlng ¢onv•ntion Th8 thandal statgments have weparnd In auXdan whh ts thantyS IpverrriThJ dornant}. the Comparles A(a 2006, FRS 102 Yhe Financ4al R8FQrtiny Stsndwd appllcabje In UK and Republic Ireland" fFRS 10T> aryj tho char&$ SORP 'AcAtry and ReFQrtiw by Charilies.. Statem8nt of Rrtomm8nd8fJ Praclke applicatjlg trj charitF8S pr¢paring their acctsjnts in thxordancÈ Ihe FIn8n¢1 Reporbng Standard aFplkablo in the UK and Republit of Ir•l•r¥J IFRS 102r (8ff8¢livo 1 tsan 20191 Th0 ¢hailty Is a Publ Benaffl Entrty as d&fld by FRS 102. Th& tharty has •fvantgge of the pmmgions In Ihe SORP fur charfll•s nol to wepare a Statoment of Cash Fl(A¥8. Th& fmondal statemgnts are prepared kn sterlng, whkh 18 funCU0n of charity. Monetary nOts In Ihe8e th8rnaal stateMts arg rrjjnded to Ih8 n&are•t£. Th& flnandal st1rnts havg be Prep0 under ths hljtorical c4)st f))nvth. Thg pthJl 8ccountSrg 1.2 Going ¢on¢•m At the time of 8pprovkng the finandal 8taterftts, thè trusta•s havg a re8sonabfe exp that th8 dlarity has adtyuate resourtes to contlnue kn operational fjxistence for th• fasble fulure. Thu8 the trustees conunuo to adopt thè gdn9 ¢4)ncem basL4 of ntIng in PTopafft4 tho IlnwKlèl statement 1.3 Ch4rflablo ftmds UnTo9trict8d furvjs are ayallable lor ug9 at the dis¢mllon of tho trusto9s In furthwance of their thèr1 obj9¢tsv. ReAtr [d& arn to spoth ndit by donors or &yant0 as to thgy may bo uwj. Tho purpJs68 u888 01 the rn3trl¢ted furKIs orp Bot (t in tt rK)tas to th8 finaMaAI sknnerd8. In¢orn• is rwnisod tha charfty 18 legalty onlil8d to It aftw wy parfoffnanc• thitltin6 havé bgen me( the aMnIS e#n be Thwured rnlkgbly. and it ig pr&Mbfe th•t Inme will be red. Cash th)natiorts arn rBcognlsed on roGfjlpL other donations arg rocJJgni6fjd onc• the charfty ha8 been noli the th)natKm, unless orManC• Li)ndlUons require defgrral of Ihe aNthnL Inwme tax I1)¥erable rolln lo donatio re(r•td under Gifthmt ordeeds of covenant 1$ recogniwl at the ilme crf tho donal. 1.5 Exwndllur• ExperKliture 18 recrwls•d th8rg [8 a leg81 or o)nstnXlve oWhJ•tion kn tr8nsfvr economlc b¢1th to 8 thlrd party. it18 prc4)ablo th8t 4 tranthr of 8¢£(¥¢ bw)0fft8 vill b8 wulrwj In setll8m( aTrJ thg an)1 of Ihg obli991th be meaBufgd reJi8bly. EXpdI18 da8siW by &tivity. Tho costs of each adivty are mad8 up of the totgl of dir•ra and ¥h8TBd costs, Iu1n9 SUPWi costs invc4v¢d In undertakng each Acti¥ity. Dlrect costs attribut8bie to g 8irwFe ty ore alICated diredy to that ac*vity. ShBrgd c08ts whth ¢#)ntritle to mcrt tlw aclknty and ptyl u)sts are nol thbutable to 8 a¢tity are 8PPOrtftinwJ ttheen those adivths on a Ws 0$1stent with the of resourcfjs. Centr818taff o)8ts are aHoc•tod tho ba616 (rf 8penL 8Th1 red&ti thrg8s ar6 81thatl on th• p¢)rf1( of thg as88t's usg.
NOThNGHAM FESTIVAL OF SCIENCE AND CURIOSITY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 {Conllnu 1.6 Rewar¢h and thv•lopThrt •XndItur• Researrtt ¢xpendffture b wrfften off aga$1 profits kn th8 year In whkh tt Is Incurred. knlffiabl8 dov¢lopnert dlbn to Ihe exlant that the tethnl¢xl, rAMMmerdal and Ilnanclal fo961bJllty w be 1.7 Taxatlon The tharlty o an èxempt thortty 7ithin Ihtr mwing Of8(ett 3 of tho ChèrlllBB Act 2011 ar¥J Is o)nd&ed to FWS thè tests sot out In P8r8grW 1 Sthe(lule 6 HnBn¢e A(# 2010 w)d thofty• it mts th• doflnttb)n ofa 1.8 Employts b•n•fits The c>J8t of any unuwj elleM Is racts)niyèd in th8 in whith the &m0ye&.8 8eThtyce8 are to t•mlMte th8 Of wnployee orto provide tem)knatknn bgneftg. Govomment gmnts arn rgc¢gntS8d •1 the falr vath oflh8 8S891 roe•Nod or Tecwabfe vAn Ihere Is rable assurarK Ihal the grant corKYltons 11 be mel arKI the grants w41 be recolv. Agrnnt that 8peckl8s pwknn8nc¢ (yJrKIkn Is rectsJni8ed in Incimrn when th• p&frnc• condltlo are rML Whère a granl does not sp8crfy pwformance condth"O * is re(xyni89d in incom8 when the proceeds are re1¥ or receNatye. A grant reriv•d before the rwitwjn UbtsrH aro sattsfi8d ' rtswthsed as a ab[lity. In Ihe applln of the chaws aCcr¢Ia p185, tha truFtees roqulr&J to mako ludgemwts, estirrAtès and assuryylK)ns a)ut t affKJJnt of assets and Ilabllilies that we not rnado apparent other 8ourc8& The e8ttm•8 and assLNuated as6urnplons ar& ba8•d on h81 e¥p6Mence and 0th8r facaorn that ar8 con8id8red to bè relevant. Actual re1 may differlrorn th88e estirnates. The eslknat88 Ub)d8tying awmptknB ar8 rOWed on an ongclng b651s. Revlsiong to acc(Amti fjsllmates are rwnlsed kn lh9 Forkxl In whlch th• ostimete is rSed whgre the revlslon affects only that Ch•rii•bl• In• SpOnS$hIp 85.617
NOThINGHAM FESTIVAL OF SCIENCEAND CURIOSITY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Ch•rltsbh Expondlturn 2024 2023 81.132 Computer costs PrintlrvJ. postage and stsuonery Advertising Consullancy Sundry Bank chargas Inswance 71,412 517 97 9,732 121 800 1.246 116 775 83 571 Shara ofgoVema costs (see not• 5) 2,227 2.484 92,235 85.871 Gov•rnanco costs 2023 2,f27 2.484 Govemance co8ts indud88 FHYm to the attountarts of £850 (202& £8001 for JThJependent ex8min8lwJn N•1 mov•m•nt In fd8 2023 The net nrnent In funds Is st8tod 8fterg1(credlnYl'. Fees for th8 indgpondenl examknatkjn the dIariS financial 2.227 2,484 Trn•tees None of the InBtees lor gny rSOn5 connec48d wllh Iham) rec8lved any rernuneratKJn or benefits from the charity durwu th• yew.
NOThINGHAM FESTIVAL OF SCIENCEAND CURIOSITYUMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Thè avgrage monthty numb¢rof employ¢ets durwig Ihg ye8rwa8". 2024 Numb•r 2023 Nwnber Total Thare w8re no 8mpW whtsso annual remun8ral*Jn was more than £60.000. Rtmun•rntlon of key manag•m•nt pernonn•l Taxation The rJty03 Wptfrom laxalion on ts actlvlU88 berause all tts inrne is aPpld for CharItab purp086s. 10 Debtorn 2024 Amoun1# falling du• within ono year. Trade debtor5 10,971 11 Credhors: amounts falling du• wlthln ono yo•r 2023 Tde credib)r A(x7ua18 8nd dèferred Ino)me 9,087 2,125 10 11,212 1,930 10-
•SI thl
NOTllNGHAM FESTIVAL OF SCIENCE AND CURIOSITY UMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Unr•Jtrfd•d Tho unrestricted funds of the charily COnSe tha UXpended balanc88 oldonations and grants whth are not subject to sp8crfic coThJrfions by donors and grantots as lo how Ihoy may bo used. Thes8 include dasKJna1 fwKls Nvhi¢h have been sel askle out of UnreStted funds ty the trustees forspecific purposes. At 1 April At 31 March 2D23 2024 General lurKIB 75 75 Pr•vlous yw4r: At 1 Aprll At 31 IAarch 21)22 2023 Gentsral hjnds 75 75 14 Analys1$ of n•t a$•6ts b•lw••n fund$ Unre¥trithd R•8trlthd funds funds 2024 2024 Totsl 2024 At 31 Mar¢h 2024: Current as5etsllliallt19s} 75 3260 3,335 75 Unrnstricted Ro•trlct•d funds 2023 Total 2023 2023 At 31 hlarch 2023.. Current assetsllllab16tl88> 75 9.876 9,951 75 9.876 9.951 1S Rel•t•d party tr4n••¢tlons During the year the secyetsry for the company being Sar8h Walley is 8150 8thng as seuetsry for Ignite Futures Limited vkno are ra8Fon8ible for the day to day management of Nottingham Fgstyvs &tivibes. Chavda is also list8d 8 dire(*>r for N¢Xtlwham Festival of SC19r and Cuiioslty Llmlted and Ignits Futur95 Limited during the year. During Ihe year Notiingham Festival of Suance and Curiosity Limlted paid Ignite Futttres Limitèd £67.168 (2023: £68.0321 for prc•Jwtion and management of the festival. No remeratiOn OT exp8n598 have been p8ld to any bu8tees during th8 ya8r12023: £01 13-