2022-12-31-accounts - Foundation For Science And Technology

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

CONTENTS			Pages
Charity information
Trustees Report			2-6
Independent Examiner's		Report
Statement ofFinancial		Activities
Balance Sheet
Notes to the Financial	Statements		10-15

	2013	2014	2016	2016	2017	2018	2019	2020	2021	2022
Surpiuar(deficit)	(9,380)	(8,681)	(1,091)	(26,927)	(46,199)	(36,691)	2,680	(9,728)	22,616	(24,393)
before equity gain
or loss
Surplus/(defiant)	24,306	(8,819)	(1,680)	(12,663)	(30,104)	(67,464)	36,988	(463)4)	65487	(53,147)

FOR THE YEAR EN	DED 31	DECEM	BER 2022
			Unrestricted	Designated	Restricted	Total	Total
		is ates	Fangs	Funds	Fangs	spss	2021
Income and endouments from:
Donatimn and legacies Charitable activities 8~ Accreditation f«n and subscriptions ~societies acthities and journal Other income Ann special projects			5Sgo5 51,0($ 175306 4,820 1,000			58255 51,000 1757306 4,820 1,000	54,505 19,798 1SS,140 16275 D&,167
Invmtmeats
Listed hans tnnnt mcome			11,6S1			11,6S1	10,415
Baal'deposit intetest 0ttsa income			15 2 7			153 237	225 320
Total			302 4o~			301,462	303,844
Espenditare on
Raising funds			(.S,SSS)			(2S,S3S)	(294)94)
Chantabte activities			(30w71)			g0~71)	PU1~~3)
Total		3	(331409)			(331409)	(281s28)
Sgetgainstgossm) on Investments		6	~P7P)			(28,763)	42,670
4%etincomel(ezpenditare)		2	(57,709)			(57,709)	65257
Transfer between funds
I(etmovement in fends			(57,709)			(57,709)	65287
R tained funds bmught forrvard			545,886		13240	559,127	493 840
Retained fends carried fonvard			4SS,176		11* 40	01,416	110177
The notes on pages 10to 15form Iatrt ofthe Snancid statements. There are no~~~ and losses other than thtne stat«l above.
were no discontinued	operations	m the year.

			Notes	vQss	vQss	2021	2021
				8	8	f	8
Fixed assets
TanSibts asset ~					2,082		2,893
Invastmants					361157		3S9910
Current amets					363~9		392,803
Debtors Cash at bank Cash iu hand tric ted	- on depcn it -csrrant sccosmt -The Harold Silmsn Fund		7	50,782 29,433 66 st64 13,240		23,090 85410 62,732 l3340
				160,419		IS4,972
Creditam: withiu ane	amounts reAr	fnHinS due	8	~243)		~(18649)
Net current Unarm	assets				13S176		~166 23
Net amass					~501416		~559 126
Fsamcul tnr
Funds
Esmtrictad					13/40		13~a40
					48S 176		545.886
			11,12		501416		559126

I	Accounting polloies (continued)
(e)	Fixed Asset investments
	investments are a form of basic financial instrument and are inhaey recognised		at	their rransactlon value and subsequently					measured at
	their fair value as at dre balance sheet dates using the mid.market	closing quoted	market		price.
	The statement ofDnanchl activity hckrdru the net gains and losses arising on revaluation and					dlsposals throughour the year.
(f)	Fund structure
	Unresuicted iunds me avaeabfe for use at the discretion ofthe trustees In furrherance			ofthe general			ob[ectlves	ofthe charitq.
	Designated funds are funds which are set aside out ofunrestricted Restricted funds are funds wldch are to be used In accordance	funds by the trustees for specific wirh speclflor~ imposed					purposes. by donors. The aim and use of each
	restricted fund Isset out in note Sto the flnancfd statements.
2	feet incoming resources								2D21
									2
	This isstated after charging
	Independentexaminer's fee Depreciation on tangible fired assets							4250 eff	4,000 eee
3a	Total resources expended -current year
							Raising	Charitable
							Funds	Aotltdties	2D22
	Direct costs						2	2	2
	Event expenditure Journals and publicabons Other income from specfal pro[acts Support oosts							(113,322) [113,322) (26239) (25,239) ~600 ~600 ~139,16I ~139,16I
	Rent, rates and services Salaries and national nsurance Accoumancy and bookkeeping fees Printing, compudng, stationery,						(1,440) (24,898) (117)	[6,160) (R1,088) (663)	(9,600) (165,986) (780)
	postage and telephoae Insuranoe Bank charges Depreciation Offic move, storage and travel Independent Examlnem'fee						(1,160) (1071 (53) [122) (303) (638)	(6,670) (607) [303) (889) (1,7I8) [3,613)	(7,730) (714) (366) (eii) (2,021) (4,260)
						~28836		~t63qfe ~248
	Total					~28,838		~3IR571 ~33I,409
3b	Total resources expended -prior year
						Raising Charitable
							Funds Activities		2021
	Direot oosts						5	2	2
	Event expendkure Journals and puMecatlorw Bad debt write off Other hoome from special prn(acts							(ea427) [18,460 (1,485)	(32,427) (91,461) [1,485)
	Support costs
Rent, rates and services Salariesandnationallnsurance Aocmmtancq and bookkeeping fees Printing,~stationery,							(6,407) [22,003) (110)	(30.640) (139,362) (625)	(36,047) (fekeee) (735)
postage and taleplrone Insurance Sundry expenses Legalerpenses Bank oharges lyepreclation Office move cosrs and travel hdependent Examiners' fee					(1,027) (6,818) (6,845) (125) (706) (636 (65) (311) [366) (121) [686) (806) (37) (211) (248) (97) (qee) (ee2) [422) (2,393) (?„815) ~600 ~3400 ~4,000 ~29894 ~184,636 ~214,630
Total					~29,994 ~251,234 ~281

4	Emplovee information							'9P'92	oPg1
	Staffcosts:
	Wages and salaries							11S&S9	113,632
	Social secunty costs Pension costs							7/54 40&44	7635S ~40 44
								165994	161'54
	The average monthly number ofemployees			durin	g the year
	based on head count seas made up		as follosvs:
	Chief Esecutive
	Oflice statf
	Iqumbsr ofemployees	sohose emoluments		fell eItttrin
	the fottosstng ranges forthe year.
	560.001- 570,000 Key management salaries (induding		employer NI		S~II 9;	5	)	I 1619	I 164S
5	Tangible fixed assets								Furniture, Furnishings
									and Office
									Equipment
	Cost orvaluation
	At 1January 2022								4,057
	Disposals
	Additions
	At 31December 2022								4,057
	Depreciation A.t 1January' 3PD								1,163
	Disp os ale Charge forthe year								S11
	At31December 2022								1,974
	Net booknine At 31December2022								SS
	At 31December 2021								69

Pixed asset inrestments			Total	Total
	Quoted	Un)tuoted	2022	2021
				4
79farket rutue brour&t forward	3S9,910		309,910	343407
t)fovemeut on account t)tet unrealised (tosses))gah)s	~23773)		(2S,753)	3,653 42,670
Mmket rutue earned forwurd	361,157		47.7 7	~349 ll
Historical cost at31f)mm)ber 2022	~255 54		m274	~733 74

		2002	2021
		0	f,
	trddtG Charmmd	206,779	305,S46
	BtackRock Charitim Gkl Fund	154378	S4,064
7	Debtors~ts	2002 6 1,102	20201 6 1,124
	Othe debtors	49,601	21P66
		)D74'	'%DW
8	Creditors: amounts falling due within one Veer	20202	2021
			6
	Othm taxes and scctat sec)nity costs	13336	97330
	Other creditors Accruals and defmred incom	4,456 ~40	319 9ND
			ll 479

9	Restricted funds
	Fund	forsvard	Income Expenditure 8		f	ease
	Harold Sibnxa Fmd	13340				13340
		13~v40				13~s40
	Prior year
		Broadht
		fossrasd	Iaeome	Expenditure		odsI
		8	8			8
	Hxrald Sihaxa Fund	13340				13240
	ype'clot pagrcrs:
	Science sad Poticysnxtdnd -Jb report for the British Fsabxssy Sxatix o		15,000	(15,000)
	Prodoction ofxrexsexrch report "UR
	science, tachaolody de ionovxticm policy		11,667	(11,667I
	Gtmmt COP26e T(3sere dove m from hue.		~00	(2,500)
		13~v0	MeQ67	(-9467)		13~v0
	The Harold Sibmn Fmd vxs estxbhshed ia 1992topmvida		mpport, pe@ointly to throe from emtsi*
	London, in trave)tiad to tha Fonndxtioa's	events.
10	ssnnlysis ofnet essetx been een fends	Vnrestrieted	Rextricted	DesiSnnted		Total
		Funds	Funds	Funds
		f.	f.		6	8
	Current Year
	Txagbte assets Iavestsnusts	2,082 361,157				2,0S2 361,157
	Debtors	50,7S2				50,782
	Cuh st bank md in hmd Ctuhtors	9639I ~43)	13Jn40			109,637 ~43 '*'ex"
	Psdor year Tanto'bte aunts	o~893				2,893
	Investments	389910				3895t)0
	Debtors	o6,090				23,090
	Cash xt beak xa4ia hxa6 Creditors	14S,642 (18649) 545 886	13~v40 13 40			161,882 ~18.649) 559126