CLEVELAND SCIENTIFIC INSTrruTION (A company Ilmltad by guarantse) 104° RoPQrt and FIna￿la1 Statffiients Y•ar •nded 30th June 2025 Company Registratlon No: 191037 Charlty Regl8trallon No: 250599 CLEVELAND SCIENTIFIC INSTrruTION (A company limited by guarantse) 104th Report and Flnanclal Statements Year ended 30th June 2026 CONTENTS Report ofthe Management Committee 3-11 Independent Examinerfs Report 12 ststement of financial activities 13 Balance sheet 14 Not￿ foming part of the financial statements 1&18 CLEVELAND SCIENTIFIC INSTITUTION 104th ANNUAL REPORT REFERENCE & ADMINISTRATIVE INFORMATION The Council has pleasure in submittlng Its 104th Annual Rewt to th• mémbers of th• Instltutlon coverlng the year to 30th June 2025. COUNCIL {Diroctors and Trustees) President J Rout Senior W¢e President J McGinnis JLtnior Vice President S Pallant Ropresontaifve8 of the Member Societi98 Cleveland Institution of Eng¥￿er5 S M Parker M Lewis J Rout A Kirk S Pallanl Insurance Institute of Middlesbrough C N Heslop Institute of Physics A C 8rabbs Institution of Cherrmcal Engineers A P Northey Institution of Civil Engineers S J Kelkrnian Institution of Engineering and Technology D Young Institution of Mechanical Englneering T B Bradl8y Royal Sou8ty of Chemistry J McGinnis Teesside Univerwty N Dawood Charterfjd Qualrty Institute Vacant Energy Institute Vacant Instrtute of Measurement and Control C Howard Welding Institute Vacant Ex Offlck) (Past Prn8ldents A C Tickner CLEVELAND SCIENTIFIC INSTITUTION 104th ANNUAL REPORT (Continued) OFFICERS AND ADVISERS Company Secretary l Reeve 128 High Street Great Brougmon TS9 7HA Bankers Virgin Money Linthorpe Road Middlesbrough TS1 1 RF Indep8nd•nt Examiner Graham Fitrgerald, BA FCA DCh4 Azet5 Audit Services Wynyard Park House Wynyard Avenue, Wynyard TS22 5TB Stockbroker8 Redmayne Bentley LLP Church House, College Square, Stokesley Middlesbrough TS9 5DN Company Registrntion Number: 191037 Charity Regi8tratlon Numbor: 250699 CLEVELAND SCIENTIFIC INSTrruTION 1041h ANNUAL REPORT {Contlnued) MEMBER SOCIEfiES Cleveland Imtitution of Engin••rn Materials Processing Institthe Eston Road, Grang8lown, Mthlesbrouyh, TS6 8US Charter•d Quality In8titirt• Third Floor, S¥) Chancery Lane Lorldon WC2A 1EU En•rgy In•titut• 61 Nff4Y C8v•ndi$h Stra•t London.W1G 7AR In•yrnne8 Instliut• of Mlddl•sbmugh Tim Al¢n 18 Sloffi8*J Wo Mkldkstffwgh TS5 8RP In8titith of Pl•a8uY•mont•ThJ C¢ntrol ike VcrAI. 26 Penoand Averw9. Radcar, TS10 4HD In•litirt• of Ph￿1 Alox B[￿b$ 76 Portland Place Lofmlon. W1B 1 NT Imlltutton of Civll Engin••rn G18 Cassie Bulding Nthvcastle un￿0191ty Ckrernonl Road NvwrA811¥ Tyr* NE17RU Ingtituti¢)n of Chomlcll Englnwrn Membw5hip Daparlm8nt, Dav6¥ Builthng. Rugby. CV213HQ Institution of Englno•rkng arnl Tochnology YourvJ. 52 Rushmere. Marton. MiddlesbrowJh, TS8 9XL In•OtrJdon of MKhan1￿1 Engln8•rn 28 The PoF4ar8 Wohi8ton stLK*ton on To88 TS22 SLY Roy•l Soclgty of Ch8ml8ty Mem1￿r$hIp Oeparbmant. Thomas Graharn H￿Se, Su"ence Park. Milion Road, Cambrh*è. CB4 OWF TwMid• Univgrnlty Teesside UnNerslty Middesbrough, TSI 3BX Weldlng InBtittrte FeNous R08d Middlesbrough TS2 1DJ Appllcations for membgrshlp ofany of above Should be mad• to th• •ddm8 shown. CLEVELAND SCIENTIFIC INSTITUTION 104th ANNUAL REPORT (Continued) YEAR ENDED 30thJUNE 2026 About the Cleveland Sclentlflc Instltutlon (CSI) The Institution is registered as a Cornpany Limited by Guarantee. In the event of the Institution being wound up, each member is liable to pay an amount, not 8x¢e•JiNJ £10 for up to one year after ceasing to be member. The Instbtution was registered in 1923 as the Cleveland Scientffic & Tethnical Instrtution and in 1965 changèd its name to the Cleveland Scientific Institution. It is govemed by Artides of Association adopted in 2015 and yelaws adopted in 2020. Articlos of A$80¢ikn"on and Pljornbershlp The Objects ￿flect that the Institution is now largely a grant gNing body wrth the aim of encouraging young people to take up STEM subjects as a career and also to encourage research in those subjects. Membership is open to the subscribing societies, who provide member representatives to serve ¢)n the CSI Council and related Committees. Objectlvo of the Instltutlon The objects of the Institution is the advancement of Science, Technology, Engineering and Mathematics and related subjects indudirvJ their application in education, industy and practi¢8 amongst th8 public and professionals within the Tees Valley (currently defined as unitary authorities of Darlington, Stockton on Tees, Hartlepool. Middlesbrough and Redcar ar¥J Cleveland and surrounding areas. induding Richmond and Vl*hitby}. The Council have considered the guidance contained in the Chanty Commission's general guidan￿ on public benefrt when reviewtng ts aims and obj'ectives and in planning its future activtties. The Institution is govemed by th8 Council, which meets regularly. assisted by a Company Secretary. Members of the Council assist in Specific task$, and setve on various Committees which meet as requirod and as the Institution requires from time to time. Powers of Inveslmont and Invaslmont Policy The Council's powers of investment are laid out by the Articles of Association. Th8S8 powers require It to invest the monies of the Institution not immediatety required for ts purposes in or upon such investments, securities or property as may be thought fft. The CSI'S investments were originally in fixed interest Govemment Stock (gilts) maturing in 2032 and 2036. These have been diversified ￿1th the aim of providiro a growing income stream (to combat inftation) bvhilst also trying to maintsin the Current level of ts capitsl base. A fomal °Investrnent Policy and Procedures. was implemented to Safeguard the fuiure of the Institute's investments and finanos, originally managed by the CSI Investment Committee (reporting to the CSI Council) In 2023 it was agreed that the day-ttrday management and reinvestrnent of all the CSI'S investments would be delegated to Redmayne Bent￿Y LLP, with outcomes and perfonnan¢e regulady revIev￿1 by the CSI Finance Committee {fomierly the CSI Investsment Committee). The financial year ending 30 June 2025 is the first full year these revised arrangements have been in place. The investrnent policy principles are unchanged. The policy and procedures are subject to review on an annual basis, revised and approved as necessary by resolution at the CSI AGM. CLEVELAND SCIENTIFIC INSTrruTION 104" ANNUAL REPORT (Continu￿1 YEAR ENDED 30th Jun8 2025 Conflicts of Interest Pollcy The Institution is mindful of the need to avoid confiicts of interest and to have a policy to 8taie its position on the matter. Particularly in view of the fact Councillors are nominated by Member Societies, it is required that they identify possible conflicts and go on to prevent this affecting any decision by declaring the interest. Addttionally, where de¢isions could resutt in benefits to a counctllor this must also be d8dared. The policy goes on to require Ih8t any potential or actual confiicts Gf interest have to be recorded in the appropriate minutes. Codo of Conduct Pollcy The Institution works wtth affiliated societies and others to seek opportunities to advance STEM. It is atrways mindful that its Trustees act in a considerate and lawful manner. To this end it has drafted a policy for its Trustees to foll¢)w. It 8tate8 that the Tru8t8es must obey the law and abide by the rules laid down by their Insttlute$. The Trustees should take an active part in the affairs of the CSI, attend meetings. and take part in debates. They should also accept majority decisions and respect confidentiality of the Institution. The Policy was agreed Members at the Annual General Meeting in November 2016. Revlew of Ihe year The Institution looks for opportunrties to advance the cause of the sciences through providing places and facilities for meetings and promotions by bway of supporting le(*ures, exhibitions, and conferences especially where these are aimed at student and scholastic bodie8 and other organiBationB supporting young people. It also promotes sctences in schools by way of grants and attempts to ensure that othemise disadvantaged 8¢holars ar6 the target or induded in the projects so supported. Tho Prnstiglous Locturn The 2024-25 Prestigious Lecture took place on 3rd December 2024. It vms organised by the Cleveland Instttution of Engineers, and was entitled °The 1952 Great Smog of London and its Implication Today.. It was delivered by Wince Ludlow Eur Ing FIMMM. Between the 5th and 9th December 1952 a thick sulphurous smog blanket covered much of Greater London resulling in, offirially, 4068 deaths. The history and politics leading up to this event were di8CUB5ed together with th8 consequential legislation, its strengthening and continued modification. Alfred Clayton Hill and Jamos Winship Jackson Awards The Cleveland Scientrfic Institution Afred Clayton Hill Award is presented to an outstanding final year undergraduate student at Teesside University. who has shown most promise and drive in finding additional STEM related skills and experience beyond their acadernic studies, for example through voluntary work, Summer ￿3¢eMent, extra-curricular activty, etc. In 2025 the winners of the ACH Prize (worth £600) wa5 Brad Gill. The inter4iew panel felt that there was littte to choose betr￿en the top three candidates. hence it was decided to create a °Highly Commended. category (£50 each) and award certificates to Daniel Milbum and Liam Simpson. The runners up (£50 each) were Chrisb'an Molla and Khoriunzaim Daud. The James Winship Jackson Presidential Award 1$ award8d to an outstanding final year undergraduale student of Teesside Universty, who has completed a work placement of at least 12 weeks duration and 8hown additional initi'ative while on placement. In 2025 the winner of the JWJ Prize (worth £600) bvas Kelly Taylor. who was the outstanding candldate of the four. The runners up (£50 each) were James SI￿11. Matthew Pinter and Michael Penketh. CLEVELAND SCIEKfiFIC INSTITUTION 104th ANNUAL REPORT (Continu￿} YEAR ENDED 30th June 2025 Csl Scholarshlp The CSI Sd)olarship is awarded to a UK student of Tee8side Universty, coming from an economically disadvantaged area (based on postcode) and demonstrating financial need in their application statemenL Preference is given to residents within the Tees Valley (Middlesbrough, Sto¢kton-on-Tee8, Darflngton, Hartlepool, Red¢ar and Cleveland) and Richmond and Whitby. In 2023, the Scholarship was initiated. The first Scholar is now in her final year and due to graduate in 2026. In 2024, there vRr8 two highty deserving candidates. Council agreed, excepttonally and wthout crealing precedent, to fund both. The first of these students has successfully completed the first year of har Course and is continuing her studies. The additional student has passed the first year of her degree, but she has now decided to change to a diffe￿nt course which falls outside of the remit of the Scholarship and will therefore not be eligible for the remaining 2 years of funding. How8ver she has d)osen to remain at Teesside University, arKI has clearfy benefft8d from holding the scholarship for one year. Grants The appli¢atton for CSI grants is promoted and overseen by the CSI Council. Appropriate projects are identffied that meet the ol¥ectives of the Institution. Several projects were identified, and the following grants award8d:_ Grants Awarded Greenpower Berwick Hills Primary School Instttute of Mechanical Engineering Teesside University Scholarship Kirkby and Great Broughton School Egg185cliffe School PTA Whitby & District Rotary Club The King's Academy 342 3,900 1,100 1,000 300 1,000 500 950 Total for the year 9,092 11 remains a constant challenge to find worUMYhile projects to maintain and develop th8 Institution's profile. To this end a website has been set up at www.clevelandscientific.or uk vthich details the Institution's function. The website has been redeveloped during the year ending 30th June 2025. The Instrtution's offer can be more r6adily marketed directly to local Councils. authonties and $ch¢￿Is. No donations were re￿￿8￿ during the year. CLEVELAND SCIENTIFIC INSTITUTION 1041h ANNUAL REPORT (Continuod) YEAR ENDED 30th June 2025 omborship The number of Member Societies on 30th June 2025 was 13. Mambership of the Council Membe[5 of Council are nominated by the member societies. Councillors also can be elected by the Counal for their expertise. During the year. The fomier Director. Honorary Secretary and Treasurer, W Slrthers, resigned from his positions during the year. l Reeve was appointed as Company Secretary on 19 February 2025. All the remaining Directorn w￿re D1￿ctorS for the whole ot the year. CLEVELAND SCIENTIFIC INSTITirfioN 104th ANNUAL REPORT {Contlnued) YEAR ENDED 30th June 2025 Statement of Council's Responslbillties for Prnparing Accounts The Members of Councll (who are also Tntstees and Directors of the Cleveland Scientific Institution for the purposes of Charity and Company Law) are re5ponsibfe for preparing the Council's Report and financial staternerrts in accordan￿ with applicable law and United lQngdom Generally Accepted Accounting Practi￿. Company and Charity law requires the Members of Council to prepare financial statements for each financial year, which give a Irue and fair view of ￿ state of affairs of the Institution and of the incoming resources and application of the same, including income and ex￿ndIture, of the Institution for that period. In preparing thos8 financial statemenls the Members of Council are required to.. select suitable accounting policte$ and then apply them con5iStently: observe the methods and principles in the Charities SORP; make judg8rnents and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards hav6 been folk)wed. subjed to any material departures disdosed and explained in the financial statements., prepare the financial statements on the going concern basis unle88 it is inappropriate to assume that the Institthion will continue in operation. The Members of the Council are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Instrtution and enable them to ensure that the finanGial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the InstitLrtion and hen￿ for taking reasonable steps for the prevention of fraud and other irregularit*s. The present level of fundiNJ is 8dequate to support the continuatTron of the operation of the Institution for the medium tenm and the Council Gonsid8r8 the financial position of the Insts'tution to be satisfactory. io CLEVELAND SCIENTIFIC INSTITUTION 1041h ANNUAL REPORT Icontlnued) YEAR ENDED 30th June 2025 Flnan¢lal Matters Income for th8 y8ar was £25,206 (2024.. £31,010) all of whith was from Investments- Interest from Go￿rnment Securtties and Share Dividends. Expendlture for the year totalled £21,289 (2024: £32,700), Including Grants werg £9,092 (2024: £23.0921 and PTize8 £3.050 (2024: £0). The value of the Institutlon's Inveslrnents increased dudng the year broadly In line wth changes in the Fr100 index. The Investments were valued al £823,304 (2024.. £756,720). The bond which repre$￿ts the Alfred Clayton Hlll Award lund, is now classed as medium-term Stock, so our brokers plan to liquldats and r8-inve81 the ￿ndS when appropriat8. The total value of assets is £846.581 (2024., £784,080). During the financial year stewanlship of all investments wa8 delegated lo Ihe Institutit)n's long-standlng broker, R8dmayne Bentley. Representatives of the Institution, in the guise of the Flnance Commlttee. have set orileria fof the brc*er which aiffl to maintain the v81ue of the Investrnents whilsl providing sufficionl income to support the Institutlon's a¢tlvilles and the grants whlch meet the charitable oblectlves. Th8 Afr￿1 Clayton Hill Award Funds are consolidated In these 8¢counts lo CoM￿Y with Charty Commissi requlrements. Separale a¢￿￿ntS are provided for management purposes. The Institutlon's accounts aro not audtted but an Independent Examiner has ￿en appointed to ￿mplY wlth the Charlty Commlssion's requir8menls. Alfred Clayton Hlll Awwd The Alfred Clayton Hlll Award Is govemed by the terns of the wlll of the late Mr Walter Sacker Hill as varied by the Charities Commlsslon In 1992 and is in the grfl of the President of the Instltution. Acknowledgemonts In addltion, the Council acknowledges the contritxttions mad& to the CSI by the ft>rmer Adminislralion Secr8tary, Mrs J Shelton, and the former Hon Secretary and Treasurer. Mr W Suthers who rgtlred durfng the year" and ty the Gurrent Company S9cr8tary Mrs l Reeve. ThSs Report has bo•n prèpared In accordance wth the speclal provisions in Part 15 of the Companies Act. 2006, relallng to small enlilles. l Reeve Company Secrotary 19h November 2025 INDEpENDE￿r EXAMINER'S REPORT TO THE COUNCIL OF CLEVELAND SCIENTIFIC INSTrruTION I report to the Trustees on my examination of the financial statements of Cleveland S¢ientifi¢ Institution (the charitable company) for the year ended 30m June 2025. Responslbllities and basis of rnport As the TnJst8es of the charitable company (and also ts director5 for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 {the 2006 Act). Havlng satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the 20[￿ Act and are eligible for independent examination, I report in respect of my èxamination of the Gharitable company's financial ststements carried out urKler 5ectton 145 of the Charities A 2011 (the 2011 Act). In carying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent Examiner's slateimnt I have completed my examination. I confirm that no matters have Come to my attention in conn8dion wth the examination giving me cause to believe that in any material r8sped: accounting records w8re not kept in respect of the ¢haritabl8 company as required by section 386 of the 2006 Act,. or 2. the financial statements do not accord with those records. or 3. the financial statements do not comply wtth the accounting requirements of sectÉon 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter mnsidered as part of an independent ex8mination; or 4. the financial statements have not been prepared in accordance with the methods and principles of the statement of Recommended Practice for accounting and reporting by ¢harities applicable to charities preparing their acGounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021. I have no concems and have come across no other rnatters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statemenls to be reached. i )IzJzol) Graham Fllzgerald BA FCA DChA Wynyard Park Hou80 Wynyard Avenue Wynyard TS22 sfB Azets Audit Servicos 12 CLEVELAND SCIENTIFIC INSTrruTION STATEMENT OF FINANCIAL AcnvmES (Including Inc¢>me and Expenditur• Account) YEAR ENDING 30th JUNE 2025 Unmtrlthd Unre$trict•d Funds Fund$ 2025 2024 INCOMING RESOURCES FROM GENERATED FUNDS Invostmont income Retums on investment 252 31010 TOTAL INCOMING RESOURCES 25206 31010 RESOURCES EXPENDED Costs of generating fun(ts Charltable actlvltle8 Direct Expenditure in the furtherance of the chariV8 obj.ects 20299 31804 Govornance costs 990 TOTAL RESOURCES EXPENDED 21289 327IXI NET INCOMING RESOURCES 3917 (1690} ProfiU(Loss) on Sale of Investments Profftl(Loss) on revaluats'on of investrnents 25324 NET MOVEMENT IN FUNDS 62501 23634 Total funds at 1st July 2024 brought foNmnl 784080 Total funds at 30th June 2025 carrfed forward 784080 The Statement of FinanGial Activrties indudes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuiryJ adivitEes. The notes on pages 15 to 18 forni part of these statements. 13 CLEVELAND SCIENTIFIC INSTITUTION BALANCE SHEEr AS AT 30th JUNE 2025 2025 2024 Fixed assets Tangible assets Investments 823304 756720 823304 756720 Current a￿￿ts Cash at bank and in harKI 24267 31304 Credltors: amounts falling duo wllhln one year {990) (3944) Not current assets 23277 27360 Net assets 846581 784080 Unrestrlctod fund8 General funds 846581 The company 18 entrtkd to the eXern￿.0n from the wdlt requirement contai￿d in section 477 of the Companies Act 2C(ffj, for the year ended 30 June 2025. The d￿eL*Or$ ackncmAedge their resp￿Ibil[l£S for ¢omFYying with Ihe requirements of thg Companies Art 2(f with resFec* lo accountirYJ records and the preparth'on of financial statements. The members h8ve not required the company to obtain an a￿lIt of its f￿a￿al statements for the year in question in accordan￿ wth section 476. These financial statern￿ts have be8n KryAred in accordan￿ wslh the provisiorts applicable to cmipanies subject to the small companies, regim8. The financial staternents y￿re approved by the Trustees on 1911 November 2025 J Rout President Company reglstration number 191037 14 CLEVELAND SCIENTIFIC INSTITUTION NOTES FORMING PAirf OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th JUNE 2025 Accounllng polkias (a) Basis of Accounting The financial statements have been PrePar￿j in accordan￿ wryth the charitable company's goveming do¢xm8nt, the CompanEs Act 2006 arKI "Accountin9 and Repth'ng by Charities: Statement of RecommerKled Prac11￿ appqicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK ar)d Republ￿ of Ireland (FRS 102) (effective 1 January 2019).. The ch8fitable company is a Public Benefft Entty a6 defined by FRS 102. The financial statements are prepared in sterling, which is ts functional of the tharitable company. Mone*ary amounts in the6e financial statements are rounded to the n8¥est £. The finanrAal statements have been prepared u￿r the histori¢al cost convention. The wwKipal accounting policies adopted are set out bek)w. (b) Golng Concem At the time of approving the fnancial Statements, th8 Trustsas have a reasonable exp8Ctation that the charrtable company has adequate resources lo continue in 0￿ratIonal existence for the foreseeable future. Thus the Trustees continue to adopt Ihe going concem basi8 of xcountir¥J in preparing the fnarrial statement8. (c) Incomlng Resources All incoming resources are induded in the SOFA when the Charity is legally entlued to the income and the amount can be quantified with reasonable accuracy for ￿￿les. Entitlement is the earlier of the charity being notified of an Imp￿Jing distribution or the W being received. (d) Resource8 Expendod Resources expwthd arè recognised in the period in whith they are R880urces experKled include attributsble VAT whith cannot be recovered. ResoLK¢es expended are alk)cated to the parttcular activity where the costs relate directly to that activity. However. expenses such as rent or rates and energy are apportioned as to IlcK)r space. Administration costs are split 8qually. (e) Tangiblo Fixed Assats and Depre¢iallon Tangible fixed assets are capitalised and induded at cost includiry any Inodentsl o)8ts of wuisitlon. Depreciation is Fxovided at rates calculated to write off the cost of each asset over ts exrtded useful life at the following rate: Fumiiure and Equipment 10 years. (fj Unrnstrictad and Designated Funds Unrestricted Funds are donations and other incoming resources receivatde or generated for the obj'ects of the Charity without fvrther specTfied purposes and are available as general funds. t)esTrJnated funds have been set aside by trustees for a specrfic purpose. 15 CLEVELAND SCIENTIFIC INSTrrLTfioN NOTES FORMING PART OF THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31)th JUNE 2025 {fj Inveslments All Investments are stated at market value. The SOFA indudes the net gain8 and losses arising on revaluations and disposals throughout the year. Total rasourc6s oxpondod Basis of Allocatlon Charitable Gov•man¢e Activities Costs 2025 2024 Grants paid Awards Insurances Administration Direct Meeting Costs Direct Websrf(e Costs Direr Miscellaneous Costs Direct Accountancy Direct Commission & Gtsrges Direct Direct Direct 9092 3050 851 4078 111 9092 3050 851 4078 111 23092 1411 3318 13 896 3970 33 Total Resourcos Expended 20299 21289 32700 All of the al)ove experKliture is in resi￿& of unrestricted furbds in periods. Net incomlng resour￿ for tho year 2025 2024 This i¥ stated aft8r chargirKJ: Independent Examinerfs remuneThgtion 896 No emoluments or reimbuT5ed expenses were paid to member8 or trustees of the management ¢ommittee. Taxatlon The charitable company 15 exernpt from COrp￿￿10n tsx on ts charitable activilies. 16 CLEVELAND SCIENTIFIC INSTrrwioN NOTES FORMING PART OF THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30th JUNE 2026 Tanglbh fix￿ a880ts Fumiture & Equipmont Cost At 1 st July 2024 and 30th June 2025 275 Dopraclatlon At 1 st July 2024 arKI 30th June 2025 (275) Nel book valu• At 30th June 2024 and 301h Jure 2025 There were no c4thi commibnents at 30th June 2025 {2024- £Nil). Invosth*r 2025 2024 Redmayno Discrotionary funds:. At 30th June 2024 Purchased during the year Sale of Inveslments during the year Gainl{Loss) Realised during the year (Decreaseylncrease in investrnents from change in value 3482 302960 23280 301450 1510 At 30th June 2025 329702 302960 Redmayne Execution funds:. At 30th June 2024 Purchased during the year Sale of Investm8nts duriNJ the year Gain Realised during the year (Decreaseylncrease in investrnents from dwnge in value 55532 437455 413641 23814 At 301h June 2025 492987 437455 Cash for Invest 615 16305 Total Value of Investjnents at 30th June 2026 823304 756720 Hl8torical co8t of investment8 at 30th June 2025 713 707094 17 CLEVELAND scIE￿￿FIc INSTrrunoN NOTES FORMING PART OF THE FINANCIAL STATEMEMrs FOR THE YEAR ENDED 301h JUNE 2025 Creditors: amounts falllng duo within ono year 2025 2024 Sundry Creditors Accruals Movement In funds- curront year At 1$t July Incoming Outgolng 2024 Resources Resources Revaluations At 30th Jun• 2025 General funds Designated fv 752591 31489 24309 897 197C 815738 30843 40 Unrestricted fvnds 784080 25208 21289 MovoThnt in funds- prior y￿r At 1st July Incoming Outgolng 2023 Resources Resourcas R•valuations At 30th June 2024 General funds Designated fund8 730035 30411 30065 (32700) 25191 133 752591 31489 Genèral funds 31010 (32700) 25324 784080 The designat8d fund is represented by the Alfred Claylon-Hill Awards fund, held Separate￿ frDm our other funds. This fund comprises a bank account and an investment fund. Further detaiL8 on the purpose of this fund are detailed on page 7. Analysis of not as80ts bOt￿Tr funds All funds are general Unrestsid￿ funds as noted in lh& balanr* she8t and movement in funds note. 18