Company registration number: 14029854 Charity registration number: 1199986
Science Creates Outreach
Unaudited financial statements
Year ended 30 June 2023
Independent examination completed 22 March 2024
Science Creates Outreach
Contents
| Statement of Trustees’ Responsibilities | 3 |
|---|---|
| Reference and Administrative Details | 4 |
| Trustees’ Report | 5 – 9 |
| Independent Examiner’s Report | 10 |
| Statement of Financial Activities | 11 |
| Balance Sheet | 12 |
| Notes to the Financial Statements | 13 – 16 |
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Science Creates Outreach
Statement of Trustees' Responsibilities
The trustees (who are also the directors of Science Creates Outreach for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions
Approved by the trustees of the charity on 27 March 2024 and signed on its behalf by:
……………………
Jeremy Tavaré Chair of Trustees
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Science Creates Outreach
Administrative Details
COMPANY DATA
Incorporated 6[th] April 2022 under Company Number 14029854
CHARITY DATA
Registered in England and Wales Number 1199986
REGISTERED OFFICE ADDRESS
Science Creates Old Market, Midland Road, Bristol BS2 0JZ
TRUSTEES AT DATE OF APPROVAL OF REPORTS
Dr C Clark
Dr H Destecroix
V Russell
Prof J Tavaré
INDEPENDENT EXAMINER
Linden Accountants, 21 Sevier Street, St Werburghs, Bristol, BS2 9LB
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ScienceCreates Outreach
Trustee’s Annual Report From 8th August 2022 to 30th June 2023
ScienceCreatesOutreach
Company Information & Governance:
Charity name: Science Creates Outreach
Charity registration number: 1199986 Registered address: Science Creates Old Market Midland Road Bristol BS2 0NS CEO: Charlie Proctor Trustees: Jeremy Tavaré Caroline Clark Harry Destecroix Ginny Russell
Governing Document: Articles of Association Charity constitution: Private company limited by guarantee
Trustee selection methods:
The Board shall be composed of no fewer than four Trustees.
Science Creates Services Limited (SCSL) appointed: Two trustees appointed to the Board by nomination in writing to the Board by SCSL
University appointed: One trustee appointed to the Board by nomination in writing to the Board by the University of Bristol
Co-opted trustee: One trustee co-opted, appointed to the Board by resolution of the trustees.
Charity Commission Guidance:
It is confirmed that the trustees of Science Creates Outreach have read and understood the guidance issued by the Charity Commission on public benefit.
Charitable Aims:
To face global challenges, such as climate change, pandemics and food insecurity, the world needs more scientists and entrepreneurs.
Science Creates Outreach aims to advance education and public awareness, understanding, appreciation and engagement with STEAM (science, technology, engineering, arts, maths) subjects with business, innovation and entrepreneurship.
We are working to demystify scientific careers, diversify the faces of science and empower confident problem solvers with a particular focus on young learners that are under-represented in traditional scientific spaces.
As a result a new generation of scientists will be created, with the skills, passion and diversity of thought to build deep tech companies that help to solve some of the world’s biggest problems.
We do this through:
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supporting study and research
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providing workshops and courses
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hosting work experience and internships
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offering any other facilities, equipment, and services as the trustees think fit
Acheivements for this period:
Major achievements for the period August 2022 - June 2023.
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Designed and fit out The Learning Lab, an inclusive, educational space with the required equipment and resources
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The Science Creates Outreach brand and website was made
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Established social media channels and content, and have seen growth in engagement A suite of marketing materials was created, for both internal and external communications.
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6 curriculum-linked, STEM workshops devised and the necessary equipment purchased Built relationships with local schools
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The number of school visits increased compared to the same period in the previous year
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3 Science Creates member companies have fully committed to delivering workshops Increased communications with member companies, with more interested in volunteering Hosted work experience for 3 students and 200+ students have visited for hands on workshops and tours
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Raised funds to cover core operating costs
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Won a £10,000 grant from the Royal Society of Chemistry’s ‘Outreach Fund’
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Built a database of further grant opportunities, and are working through these in order of deadlines
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Devised a schedule of fundraising events
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Established a unique central location for local inner city schools to visit and begin viewing us as a hub for scientific education and training
Statement of Financial Activity:
Position at the end of the reporting period
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Unrestricted All restricted
INCOME Total funds (£)
Funds (£) funds (£)
Donations 63,389 - 63,389
Grants 7977 - 7977
Income &
Endowments from Events 410 - 410
Laboratory 700 - 700
Hire
TOTAL Income & Endowments 72,475 - 72,475
Unrestricted All restricted
EXPENTIDTURE Total funds (£)
Funds (£) funds (£)
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Expenditure on charitable activities 72,941 72,941
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TOTAL expenditure 72,941 72,941
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NET INCOME/(EXPENDITURE) (466) (466)
BALANCES CARRIED FORWARD (466) - (466)
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The charity has no recognised gains or losses other than the results for the year as set out above. All of the activities of the charity are classed as continuing.
The deficit of £466 was due to some income and donations not being received by the end of the financial year. To rectify the situation, the charity is prioritising growing the team’s capacity to write more grant applications, and growing the charity’s supporter pool to increase donations. Science Creates Outreach does not hold reserves. The money raised is spent on operating costs and charity beneficiaries.
Declarations
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
Signature:
Full name:
Position (eg Secretary, Chair, etc):
Date:
SCIENCE CREATES OUTREACH
STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)
YEAR ENDED 30 JUNE 2023
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Unrestricted Restricted Total Funds
Funds Funds 2023
Note £ £ £
INCOME
Income and Endowments from:
Donations 2 63,389 - 63,389
Grants 3 7,977 - 7,977
Events 4 410 - 410
Other Revenue 4 700 - 700
TOTAL INCOME AND ENDOWMENTS 72,475 - 72,475
EXPENDITURE
Expenditure on charitable activities 5 72,941 - 72,941
TOTAL EXPENDITURE 72,941 - 72,941
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NET INCOME/(EXPENDITURE) (466) (466)
- - -
Balances brought forward
Gross Transfers Between Funds 9 - - -
Balances carried forward (466) - (466)
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The charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
The notes on pages 13 to 16 form part of these financial statements
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SCIENCE CREATES OUTREACH
BALANCE SHEET
YEAR ENDED 30 JUNE 2023
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2023
Note £
CURRENT ASSETS:
Cash at bank and in hand 7,242
7,242
CURRENT LIABILITIES:
Creditors: falling due within one year 7 (7,708)
Net current assets (466)
NET ASSETS: (466)
FUNDS
General funds 9 (466)
(466)
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For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
The accounts have been prepared in accordance with micro-entity provisions.
These financial statements were approved by the directors and authorised for issue on ……………………………… and are signed on their behalf by:
………………………………………………………. Chair of Trustees
Charity Registration Number: 1199986
The notes on pages 13 to 16 form part of these financial statements
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SCIENCE CREATES OUTREACH NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historic cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102 SORP) issued in July 2014, and applicable UK Accounting Standards and the Charities Act 2011.
Funds structure
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the terms of a specific appeal.
Income
All income is recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of income can be measured with sufficient reliability.
Income from donations is included when these are receivable, except as follows:
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When the donors specify that the donations given to the charity must be used in future accounting periods.
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When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred until the pre-conditions have been met.
Income from grants, where there are performance or service deliverables required by the terms of the grant, are accounted for as the charity earns the right to payment through its performance.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that agree all costs related to the category. Support costs have been allocated 100% towards the charitable activities of the charity.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the direct pay and non-pay costs and support costs relating to those activities.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue its operations for the foreseeable future and therefore they have continued to adopt the going concern basis when preparing the financial statements.
Governance costs
Governance cost include those costs associated with meeting the constitutional and statutory requirements of the charity, and include its independent examination fees and costs linked to the strategic management of the charity including trustee expenses.
Tangible fixed assets and depreciation
Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value of each asset, over its expected useful life. The rates used are 10% reducing balance on freehold property and improvements and 20% reducing balance on other fixed assets.
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SCIENCE CREATES OUTREACH NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
2 ACTIVITIES FOR GENERATING FUNDS
| Fundraising & Donations | Unrestricted Funds £ 63,389 63,389 |
Restricted Funds £ - - |
Total Funds 2023 £ 63,389 63,389 |
|---|---|---|---|
Fundraising & Donations includes an in-kind donation of £15,327 provided by Science Creates Services Ltd to offset the outstanding balance due for the salary of the Chief Executive, C Proctor, which was paid for in full by Science Creates Services Ltd on behalf of Science Creates Outreach and was due to be reimbursed. This donation was agreed by the Directors of Science Creates Services Ltd and confirmed by Chair, K MacDonald.
3 GRANTS RECEIVABLE
| Unrestricted Grants INCOME FROM CHARITABLE ACTIVITIES Events Laboratory Hire |
Unrestricted Funds £ 7,977 7,977 Unrestricted Funds £ 410 700 1,110 |
Restricted Funds £ - - Restricted Funds £ - - - |
Total Funds 2023 £ 7,977 7,977 Total Funds 2023 £ 410 700 1,110 |
|---|---|---|---|
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4 INCOME FROM CHARITABLE ACTIVITIES
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SCIENCE CREATES OUTREACH NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
5 DIRECT CHARITABLE EXPENDITURE
Charitable Activities
| Direct Costs Freelance Wages Events/Hire Consumables Scientific Equipment Support Costs Advertising & Marketing Audit & Accountancy Bank Fees Cleaning Consulting Employers' NI Entertainment - Business Gross Wages IT Software & Consumables Legal Expenses Printing & Stationery Rates Rent Repairs & Maintenance Small Equipment (under £100) Subscriptions Governance Costs Independent Examination Fee Insurance |
Unrestricted Funds £ 100 63 322 635 592 3 11 324 392 1,460 29,545 471 9,891 85 1,613 26,526 19 289 43 72,385 Unrestricted Funds £ 500 56 556 |
Restricted Funds £ - - - - - - - - - - - - - - - - - - - - Restricted Funds £ - - - |
Total Funds 2023 £ 100 63 322 635 592 3 11 324 392 1,460 29,545 471 9,891 85 1,613 26,526 19 289 43 72,385 Total Funds 2023 £ 500 56 556 |
|---|---|---|---|
6 CORPORATION TAX
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
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SCIENCE CREATES OUTREACH NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
- 7 CREDITORS: amounts falling due within one year
| Accruals Trade Creditors |
2023 £ 474 7,234 7,708 |
|---|---|
Trade Creditors includes funds of £7,193 which are due to be reimbursed to Science Creates Services Ltd, which paid the full salary of the Chief Executive, C Proctor, on behalf of Science Creates Outreach.
8 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Current Assets Current Liabilities 9 ANALYSIS OF CHARITABLE FUNDS Analysis of Fund movements Unrestricted funds: General funds |
Balance b/fwd £ - - |
Unrestricted Funds £ 7,242 (7,708) (466) Income £ 72,475 72,475 |
Restricted Funds £ - - - Expenditure £ (72,941) (72,941) |
Total Funds 2023 £ 7,242 (7,708) (466) Transfers Fund c/fwd £ £ - (466) - (466) |
|---|---|---|---|---|
10 RELATED PARTY TRANSACTIONS
Personal donations were received from two related parties throughout the financial year: Science Creates Outreach trustee, H Destecroix, donated £12,065 and Chair of Science Creates Services Ltd, K MacDonald, donated £23,972 (Total: £36,037).
There was no trustees' remuneration or other benefits paid for the year ended 30 June 2023.
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