Sciencecreates Outreach Annual Report and Accounts Year end 30th June 2024 Company Information & Governance: Charity registration numb8r: 1199986 egist8r8d addrass: scler￿ Creates Old Market Midland Road Bristol BS2 ONS CEO: Charlie Proctor Trustees: Jeremy Tavare Caroline Clarke Harry Destecroix Virginia Russell Governing Document: Charity constitution: Articles of association Private Limited Company by guarantee without share capital use of 'Limited' exemption. Science Creates Services Limited ISCSU apwinted.. Two trustees appointed to the Board bv 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 ctropted. appointed to the Board by resolution of the trustees. mmi It is confirmed that the trvstees of Science Creates Outreach have read and understood the guidance issued by the Charity Commission on public benefit Statement of Trustees, Responsibilities: The trustees (who are also the directors of Science Creates Outreach for the purposes of company lawl 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 apklicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under company13w the trustees must not approve the financial statements unless they are satisfied that they give 8 true and f8ir view of the state of affairs of the charitable company and of its incoming resource5 and application of resources, including its income and expenditure, for that period. In preparing these financial statements. the trustees are required to- • select suitable accounting policies and apply them consistently.. observe the methods and principles in the Charities SORP- • make judgements and estimates that are reasonable and prudent,. state whether applieable UK Accounting Standards have been followed. subject to anv material departures disclosed and explained in the financial ststements,. and 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 resF)onsible 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 firbancial 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 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 conf ident problem solvers with a particular focus on young learners that are under-represented in traditional scientific spaces. As 8 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.. supporting study and research providing workshops and courses hosting work experience and internships offering any other facilities, eqvipment, and services as the trustees think fit Goals & objectives for this period: For the period july 2023 to June 2024 and following the charity's establishment in the previous reporting period, our aim was to grow. This included.. Grow our social media channel follower and engagement figures. through regular posting of content, and see growth in followers and engagement Expand our offering of scientific and entrepreneurial workshops for young learners. working with more Science Creates member companies Improve intemal communications with Science Creates member companies to grow awareness Continue to build relationships with local schools Increasing the charity's income via fundraising was the other major goal. alongside our core mission to welcome 2000 yovng learners each year. Acheivements for this period: £15000 grant for salaries lover 3 years) awarded by The Nisbet Trust £2000 grant for Interactive whiteboard awarded by Hays Travel Foundation Over £14000 raised from individual donors £1500 internship funding awarded by the University of Bristol Launched the Corporate Supporter Scheme in April. with 7 member company sign ups and one external company sign up to date, generating an income of £500. £1000 raised through an evening event. 'The Chemistry of Wine. Fundrasing pack created and in-use by scien￿ Creates member companies 720+ visitors, including 22 SEND and behavioural unit visi Workshop attendance from multiple year groups from 12 local schools and education providers. Multiple visits from diverse groups including-. Future Brunels la secondary STEM education Club run by SS Great Britain) Streams Learning Hub la home learner community group) Olympus Development Hub (provision for young people who are experiencing diffi¢ultie$ managing the expectations 8t school) Lightyear Foundation (learning experiences for children with SENDI 420+ hours of work experience and internships provided 5 tried and tested workshops continuing to run with great success 7 new workshops developed, ranging from separation science to Newton's laws of motion Programme syllabus was streamlined. to be promoted to teacherslonline. Now includes all curriculum links and biographies for the linked companies and their scientists. 4 volunteers helped develop workshops 2 interns spent time with us. helping with every aspect of developing the charity 5 work experience students spent a week with us. One of these student5 had visited whilst at primary school and chose to spend his work experience time with us after being inspired by attending one of workshop$. Hired a part-time Charity Development Manager Marketing: Our brand is now well established Science Creates Outreach's social media channels have grown.. 21% increase of followers on Linkedln and 19% increase in followers on Instagram. Science Creates Outreach's CEO hosted the keynote speech at University of Western England IUWEI Science Futures Fair. Work is ongoing to streamline and digitise the charity's processes. such as automated digital forms and sign-ups A database is in development for measuring and reporting on our impact Connections made with Bristol Merchant Venturers. who are interested in incorporating us into their'youth Strategy Statement of Financial Activity: Position at the end of the reporting period INCOME All reBtri¢tod fund81£} Funds (£) Totsl fund81£1 Donations Cinc. GiftAidl 77.564 77.564 Ineomo & Endowments from Grants 8.459 8,459 Events 2.408 2.408 Laborattyy Hire 3,650 3,650 TOTAL Incrxng & Endowmw 83.623 92.082 EXPENTIDTURE Unre8trkted Fund8 All re8trlct•d fund81 Totsl fund81£1 Expondlturo on ¢h4rltabl* 4¢tlvttl 82.996 6.459 89,454 TOTAL eX￿ndIture 82.996 6.459 89,454 NETINCOME/IEXPENDITURE) 627 16.4591 2.627 BALANCESCAAAIED FORWARD 1466) 16.4591 2.161 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. Corporation Tax.. The charity is exempt f rom 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. Related party transactions: Personal donations were received from one related party throughout the financial year. The Chair of Science Creates Services Ltd. Keith MacDonald, donated £1,20012023.. £23,972). There was no trustees. remuneration or other benefits paid for the year ended 30 June 2023. Science Creates Outreach Accounting Policies: The f inancial statements have been prepared under the historic cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Prèctice.. Accounting and Reporting by Charities IFRS 102 SORPI issued in july 2014. and applicable UK Accounting Standards and the Charities Act 2011. Funds structur Unrestricted income f unds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated f undg 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. Inco 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 suff icient reliability. Income f rom donations is included when these are receivable. except as follows.. When the donors specify that the donations given to the charity must be used in future accounting periods. When donors impose ¢ondition$ 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 performanc& 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 aecruals 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 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 acttvities. oing conc8m: 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. overn 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. 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. Statement of Financial Activity: Expenditure for the reFX)rting period Expenditure AH restsirtgd fundg1£1 Total fund8 2024 {£) Fund$ 1£) Direct wages 3.705 3.705 Events hire/ Consumables 424 424 Dlroct co¥t8 Freelance wages 793 793 Scientific equipment 1,166 1,166 Advertising & marketing 385 385 Audit & accountancy 1.174 1,174 Bank fee5 29 Cleaning Consulting Support C08ts Depreciation expense 400 400 Employer'$ Nl 33 33 Entertainrntrnt- business Gross wages 32.418 6.459 38.876 Interest Paid 21 software & consumables 620 620 Ex￿￿1t￿rg All restricted fund¥ 1£) Total fund8 2023 1£) Fund$ (£) Lab rental 37.800 37.800 Legal expenses Other expense5 648 648 Printing & stationery 232 232 Rates 933 933 Repairs & maintenance Small equipment (under £1001 69 69 Staff training 33 33 Subscriptions 572 572 Travel 132 132 Totsl expendlture 81.585 88.044 Expgndriure All r￿tricted fund8 Totol fund8 20231£) Independent examination fee 500 500 In8urAneè 910 910 Totsl oxpenditurg 1410 1410 2023 (£) A¢¢w• Tr•d? credltt 11.0731 Total (1,073) Totsl fund¥ 20231£) funds funds Flxod A88et8 1.598 1.598 Current Assets: C88h At bank and In h8nd 1.635 1.635 Current uablllt1￿. Creditor& felling due within oneyear 11.0731 11,0731 Total 2.161 2.161 Anatysis of fuThJ movements Unrg$trkt fund• Balan¢ brought fornt•rd Fund ¢•rriod forward IrKtyn• EXp￿dI¢￿t* G•n•r•l fund• 71475 (72.9411 14661 Tot*1 72.47S 172.9411 14661 The charity has no recognlsed galns or losses other than the results f¢y the year 8$ set wt obove. Ml of the activi￿5 of the charity ore classed 8$ ¢￿tinUIng. SCie￿e Creates ￿treach not hokl re8w¥o8. Thg rai80d b spgnt on oper8ting costs Kl Charity ben8fKiw The trustees declare th8t they have approved the tru8tees' rep)rt abtr¥e. &gned on ￿half of the charity's trust Slgn8ture. Full nTh: MYLa fvfrl¥ Pogltion leg Secretsry, Chair. etck CK*T L Date.. 2710312025 ## ## ## ## ## ## ## SCIENCE CREATES OUTREACH ## STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) ## YEAR ENDED 30 JUNE 2024 **----- Start of picture text -----**
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
Note £ £ £ £
INCOME
Income and Endowments from:
Activities for generating funds 2 77,564 - 77,564 63,389
Grants receivable 3 - 8,459 8,459 7,977
Income from charitable activities 4 6,058 - 6,058 410
Other revenue 4 - - - 700
TOTAL INCOME AND ENDOWMENTS 83,623 - 92,082 72,475
EXPENDITURE
Expenditure on charitable activities 5 82,996 6,459 89,454 72,941
TOTAL EXPENDITURE 82,996 6,459 89,454 72,941
NET INCOME/(EXPENDITURE) 627 (6,459) 2,627 (466)
- -
Balances brought forward (466) (466)
Gross transfers between funds 11 - - - -
Balances carried forward 161 (6,459) 2,161 (466)
**----- End of picture text -----**
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 16 to 20 form part of these financial statements - 14 - SCIENCE CREATES OUTREACH BALANCE SHEET YEAR ENDED 30 JUNE 2024 **----- Start of picture text -----**
2024 2023
Note £ £
FIXED ASSETS:
Tangible assets 6 1,598 -
CURRENT ASSETS:
Cash at bank and in hand 1,503 7,242
Debtors 7 133 -
1,635 7,242
CURRENT LIABILITIES:
Creditors: falling due within one year 8 (1,073) (7,708)
Net current assets 562 (466)
NET ASSETS: 2,161 (466)
FUNDS
General funds 11 2,161 (466)
2,161 (466)
**----- End of picture text -----**
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 trustees and authorised for issue on ……………………………… and are signed on their behalf by: ………………………………………………………. Charity Registration Number: 1199986 The notes on pages 16 to 20 form part of these financial statements - 15 - SCIENCE CREATES OUTREACH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 ## 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: - When the donors specify that the donations given to the charity must be used in future accounting periods. - 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. - 16 - SCIENCE CREATES OUTREACH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 ## 2 ACTIVITIES FOR GENERATING FUNDS |Fundraising & Donations
Gift Aid|Unrestricted
Funds
£
74,357
3,207
77,564|Restricted
Funds
£
-
-
-|Total Funds
2024
£
74,357
3,207
77,564|Total Funds
2023
£
63,389
-
63,389| |---|---|---|---|---| Fundraising & Donations includes an in-kind donation of £31,567 (2023: £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 also includes an in-kind donation of £21,600 (2023: £Nil) to offset the overall lab rental provided to Science Creates Outreach by Science Creates Services. This donation was agreed by the Directors of Science Creates Services Ltd and confirmed by Chair, K MacDonald. ## 3 GRANTS RECEIVABLE |Nisbet Trust
Hays Travel
University of Bristol
Unrestricted Grants
INCOME FROM CHARITABLE ACTIVITIES
Events
Laboratory Hire
DIRECT CHARITABLE EXPENDITURE
Charitable Activities
Direct Costs
Direct Wages
Events/Hire Consumables
Freelance Wages
Scientific Equipment
Support Costs
Advertising & Marketing
Audit & Accountancy|Unrestricted
Funds
£
-
-
-
-
-
Unrestricted
Funds
£
2,408
3,650
6,058
Unrestricted
Funds
£
3,705
424
793
1,166
385
1,174|Restricted
Funds
£
5,000
2,000
1,459
-
8,459
Restricted
Funds
£
-
-
-
Restricted
Funds
£
-
-
-
-
-
-|Total Funds
2024
£
5,000
2,000
1,459
-
8,459
Total Funds
2024
£
2,408
3,650
6,058
Total Funds
2024
£
3,705
424
793
1,166
385
1,174|Total Funds
2023
£
-
-
-
7,977
7,977
Total Funds
2023
£
410
700
1,110
Total Funds
2023
£
-
63
100
322
635
592| |---|---|---|---|---| - 4 INCOME FROM CHARITABLE ACTIVITIES - 5 DIRECT CHARITABLE EXPENDITURE - 17 - SCIENCE CREATES OUTREACH NOTES TO THE FINANCIAL STATEMENTS ## YEAR ENDED 30 JUNE 2024 ## DIRECT CHARITABLE EXPENDITURE (Continued) |Bank Fees
Cleaning
Consulting
Depreciation Expense
Employers' NI
Entertainment - Business
Gross Wages
Interest Paid
IT Software & Consumables
Lab Rental
Legal Expenses
Other Expenses
Printing & Stationery
Rates
Repairs & Maintenance
Small Equipment (under £100)
Staff Training
Subscriptions
Travel|29
-
-
400
33
-
32,418
21
620
37,800
-
648
232
933
-
69
33
572
132
81,585|-
-
-
-
-
-
6,459
-
-
-
-
-
-
-
-
-
-
-
-
6,459|29
-
-
400
33
-
38,876
21
620
37,800
-
648
232
933
-
69
33
572
132
88,044|3
11
324
-
392
1,460
29,545
-
471
26,526
9,891
-
85
1,613
19
289
-
43
-
72,385| |---|---|---|---|---| The Lab Rental cost for the year is offset by an in-kind donation from Science Creates Services Ltd which is detailed in note 2. ## Governance Costs |Independent Examination Fee
Insurance
6
TANGIBLE FIXED ASSETS
COST:
At 1 July 2023
Additions
At 30 June 2024
DEPRECIATION:
At 1 July 2023
Charge for the year
At 30 June 2024
NET BOOK VALUE:
At 30 June 2024
At 30 June 2023|Unrestricted
Funds
£
500
910
1,410|Restricted
Funds
£
-
-
-|Total Funds
2024
£
500
910
1,410
Office
Equipment
£
-
1,998
1,998
-
400
400
1,598
-|Total Funds
2023
£
500
56
556
Totals
£
-
1,998
1,998
-
400
400
1,598
-| |---|---|---|---|---| - 18 - SCIENCE CREATES OUTREACH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 ## 7 DEBTORS |Accrued Income
Prepayments
CREDITORS: amounts falling due within one year
Accruals
Trade Creditors
PAYE/NIC Payable|2024
£
50
83
133
2024
£
475
469
129
1,073|2023
£
-
-
-
2023
£
474
7,234
-
7,708| |---|---|---| - 8 CREDITORS: amounts falling due within one year ## 9 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. ## 10 ANALYSIS OF NET ASSETS BETWEEN FUNDS |Fixed Assets
Current Assets
Current Liabilities|Unrestricted
Funds
£
1,598
1,635
(1,073)
2,161|Restricted
Funds
£
-
-
-
-|Total Funds
2024
£
1,598
1,635
(1,073)
2,161|Total Funds
2023
£
-
7,242
(7,708)
(466)| |---|---|---|---|---| ## 11 ANALYSIS OF CHARITABLE FUNDS: For the year ended 30th June 2024 |Analysis of
Fund movements
Unrestricted funds:
General funds
Unrestricted funds:
Nisbet Trust
Hays Travel
University of Bristol|Balance
Income
Expenditure
Transfers
Fund
b/fwd
c/fwd
£
£
£
£
£
(466)
83,623
(82,996)
2,000
2,161
(466)
83,623
(82,996)
2,000
2,161
-
5,000
(5,000)
-
-
2,000
-
(2,000)
-
-
1,459
(1,459)
-
-
8,459
(6,459)
(2,000)
-
(466)
92,082
(89,455)
-
2,161| |---|---| - 19 - SCIENCE CREATES OUTREACH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 ## ANALYSIS OF CHARITABLE FUNDS (Continued): ## Transfers between funds The transfers are in respect of restricted fund balances and/or assets purchased, where the fund activity has concluded and/or purchase of the assets has been completed and the Trustees consider the balance and/or asset to now be used as they see fit and is therefore moved to unrestricted funds. For the year ended 30th June 2023 |Analysis of
Fund movements
Unrestricted funds:
General funds|Balance
Income
Expenditure
Transfers
Fund
b/fwd
c/fwd
£
£
£
£
£
-
72,475
(72,941)
-
(466)
-
72,475
(72,941)
-
(466)| |---|---| ## 12 RELATED PARTY TRANSACTIONS Personal donations were received from one related party throughout the financial year: Chair of Science Creates Services Ltd, K MacDonald, donated £1,200 (2023: £23,972); however, Science Creates Outreach trustee, H Destecroix, donated £Nil (2023: £12,065). There were no trustees' remuneration or other benefits paid for the year ended 30 June 2024. - 20 -