THE FOUNDATION FORSCIENCE AND TECHNOLOGY TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEfMTrER 202S Registered CIO No. Registered Charity No. 031049 274727
FOUNDATION F ENCE AND TE OLOGY CONTENTS FOR THE REPORT AND FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 CONTENTS Charity information TN8tees Report Indet*ndent Examiner'j Report Ststemeni of Financi Activilies Bance She Notes to the Financial Ststernents 10- 16
FOUNDATLON FOR SCIENCE AND TECHNOLOGY CHARITY tNFORMATION AS AT 31 DECEMBER 2025 CHARITY ll¥FORK4TION RKGISTERED OFFICE 22 Greencoat Place London SWIP IDX INDEPENDE EXAMINER Myers Clark Suite 7A. Building 6 Croxley P8rL Hatters Lane Waiford Hertfordshire WD18 8YH BANKER CAF Bank Ltd 25 King's Hill Avenuc King's Hill West Mailing Kent ME19 4JQ Pagel I
FOUNDATION FOR SCIENCE AND TECHNOLOGY TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 11K Trust¢u pre ihc annuRI report and unBudid Ilnan£5al sthi¢menL% for thc y¢orrDd¢d I IM Deeemb¢r 2025. Th¢ legal and adjnisi1sdljve iTrfonnfyiton sti uul oil page I fo% tmrt of this R¢poN. The fingn¢iol Slem¢n Lumply with th¢ Lhariiic Aci 2011. the Coll3titulion. ¥nd ACC[nI1g artd R¢pDrting b). Chariiies.. s'en1 of Retotnm¢nthd Practice appliiable I chariiics pr¢pAring their xccounts ¥¢urdllnce with lh¢ finfin¢i21 R¢portsng Standard applieable in ih¥ UK and R¢publi¢ tsf Ir¢land (issued January 20191. Thc objects of the charitsbk incorwrated (Ygonisition atc.. Illl The promotion aThl development uf lence and Chl08Y knd to bring th)ut the 8Nter efficitncy of thc industry of th¢ Uniicd Kingthm", and Ibl Th¥. promoiiorjofrtsearch in further2n'0[the 2tK)VL object and the public41ioMofthe use1 sUltsofaThy suth research. In Order to aohl¢Y¢ the obov¢ objects. thE FoundatloD'yJJwin vItieS aTC.' Thc orgV1&1s of dis¢us5ion cvei)Ib in impdrtial forum for reprtstntatives ul.bolh Hou5cs of ParliAmcnl, 0fticiS from Whitehdl and Iht Ikvolved Adminiwotions. busin¥ss l¢tsdtr& acodemits and oihGrs kn ¢kbaiL' rx>liLy IbSWLS with scicniific, L'ngineering, E¢chnolugiLxI vr mcdiL¥I ¢l¢rnLni. Lvtni$ aT¥ filmed and video5 of SPLok¥rs. prCsLn11OTr 511dLs8nd dCb& r¢rll$ar¢ uploidL'd 10gwebsiie Iwivw.l()undlliion.0rg.ukl. ond %ii¢¢ol m¥¢Jia uyedto wrnniuni¢41¢ Ihe ¢ont¢DI of the disws5ion ev¢rtt$ lo ag Wtd¢ a of p¢opl¢ pok8iblc The delivery of th¢ Fvundation Fuiur¢ Ltwkrs schemc, which brings 108ether a cohort of Èround 35 mid-career PTofes8ion815' (>¥cr the Lxbur%t of o year, drawn from the resrarth ¢¢immunity, induary. 8nd ihe civil 5¢rvict and widcr public gecior. OvL'r y 12.miiThth PLriod, zh¢ group and discuss iviih stnior fi8urrs froni govcmrn¥nL parl1llmL univer5iii¢¥, Isrg¢ industry. SME% rese4rrh Ch11¢5 othcr5, A numb¢r ol. v15its ar¢ organid, mLniorin4 is arronR¢d the cohort •rgani$e annual L'onferencc. In addiiion 10 aLYIV115¢ IIK F(>undJtion produLE5 a Journal, published ismL$ 4 yeu. reportin8 Dn th¢ discusiion evenig &nd work of th¢ fuiurt l¢ad¥rs and exploring Ihtt ITh fijrther depth. It retords a re8ular ptrJL'asi and publish¢5 bloB$on a wi<k rnng¢ oil ¢tr¥ and wli¢y issues. Separately. th¢ Foundaiion publishc$ guidelines and D¢wsleii¢rs 10 a8$isI Icarncd artd professlonal %ocieties to improve their govtrnance their dmini5trative effi¢icncy. 8nd to 8dviye iTrJividudly on sKh mAll¢rs. REVIEW OF AcfiviTIE Nint di5Lu8sion cveThts were organised on a wide rong¢ ofihcmes includTn8 the l.ift Sricnces Se¢tor PlaTk Al & the funJTe of worlanU R&DCullllbtyraiion %viih AfTILe. In w¢ hd I 1.10 peuple allcnd our events in peThon gnd 959 follow ih¢M Trnlifte. Y¢ar 6 of the Foundtttion FuDJre Leaders Sch¢mc ron rtom January lo December 2025, wilh a cohort of 35 mid-career profc5SttiTLll15 from univer5iiics, indu5ty. thr LLviI .rrviLr and othcrs, Involvi in & proBrnmmc of meetiny$ lin-PBrgon and onlin¢X visii4 events, And n onc-day ConfenCe in Liver01, culminoling on Èn inl¢rnaiiunal vi$ii ESRF 4nd ILI. in Gr¢nobl¢ and CERN in Gen¢v& A Severtlh cohort ot. l UTure LeadErs re¢rtJitrd at the rnd of2025 for 8 programmE of ac¢iviiie5 in 2026 Jn 2025 h&Ye recorded llnd rel¢ed 21 cpisod¢5 of the F%T Podc&%L with a T9nB¢ofgSts fiDrn ncros¥ gvvcrnmcnt. indus(ry, ctsdemia and beyond. Th¢ Iv£r¢ 5134 individtsal ItslLD¥ lo thL podcasi during 2025. 1.1. foundaiTon 1$0 publi4li¢d 10 blogs. 'rogethct, Ihi and blogs hHv¢ added 4 gr¢aier L'xplorniion of rKrspEcitVL% lu th¢ issues being diSCd in th mjin events, as woll Riving opryirtyniii¢s to di%uys oihcr iswJ¢s. The fourmjaiion al prtsdud three ¢dii¢ons ofthe Fsr journ in 2025. The Foundation has cottlind to provide VIce and guidaoce 10 H IBrge nUMbOr1e81ThCd and prote55ional soci¥iiu on of KQVCrnBn¢e, Tegulaiion bc%i p(1¢¢. Bnd pr0duc¢d regu18r newsletter5 The Foundation i¥ grHtrfiJl to the Ciety of OpeTai)n$ EngiDcey5 for le8sing office SPALZ at22 Grcenwat Plkte. FINANCIAL REVitw The Foundalion raises funds frthm grnoi giving trrt)di¢s, SPODsorship ofev¢nts and from subscriptions from AClare M¢mtk'r5 nd 1K2d Society Memb¢rs èloThg with adon[01) from on indivldu41. lle trL)siec5 are mo graruI tolhe monycomp8ni¢& organisat&on$ departments who *upport the work of the Foundftiion. Pag¢12
FOUNDATION FOR SCIENCE AND TECHNOLOGY TRUSTEES REPORT FOR THF. YEAR ENDED 31 DECEMBER 2025 FINANCIAL REVIEW l¢ontiDuedl Don&tiun$ and swnsorship loi&llin8 £98,623 12024.. £133,717} wer¢ madc 10 lh¢ F0undlltn from Th¢ Roya] Society, UKRI. The Acodemyof Medi¢81 ScieTJce& the PeterJostMemorialTnLsiandoth¢rs. Subscriptions totslled£163.67812O24.. £180,361). Income from L£arned Society &CllVllies 2nd the Journal was £1.22512024.. £3451. The in¢omo and ¢xpcndlture of the FOUrtin at the ytar-tnd was a deficil of £2,17612024.' surplus of£2521 after an unrcalised gain on th¥ equity iThvestrncnt5 of L53,053 12024 gain". £18,607). The lo141 TCS¢ry¢S of Iht Fouryjation at the ond of the financial ycar decr£&sed from £497.046 kn £494.870. Of these, £481,815 12024.. £483.8O6} wert unrestricttd 8nd fr¢¢ rescrves lunrc4triclcd r¢seTV¥ not tied up in fixed asseL81 amount¢d to £60,33812024.. £115.1061. The ten-yCJT ilmc rie$ of thc surp]u(defIcili for each yoaT ss sly)wn irt th¢ t¥bl¢ klow. 2018 20ZI 3022 2023 2024 ?OZ3 116.927) 14S.I991 {M.6911 2th80 22.616 IU.9511 16,JJ81 118,355) 155.n9} b¢tbreeqyity orlo {12.6531 IJO.I04) {67.4641 JS,988 146,214) 14.62)) 252 12.1761 CORPOK4TE Af4D CHARITABLE STATIJS The Foundation wa5 originally Incorpor¢d QD 31st Au8ust 1977 L a privak Company Lirnil¢d by CuBranlr¢ (Registered in Englend Numbrr 013278141. Auth(*lsrttlon to diipthse wlth the word"LimIt¢ WHS on l$t FebNary 1978. and the Foundaiion for ScienEr snd Technology tr] regi.%ttred a ¢hgJity IRLgisleT¢d Charity Nurnbtr2747271, A Mcmorandum End Artirl¢s of Asw¢iation were adame wilh reriudic updat¢5 over lh¢ yevrs. On 30 De(¢mkr 2022. followin8 re8oluiion% p unJnimously by mcmEKTS of the Foundation for kience and Technology 4t an EOM, the th8nty'FoWJdh0n for Scl¢nce and T¢chnoiogy" bKarne 4 ChErltsblc tncorpoTaied OrganisAtiOTh. 2nd 08 Part of thi5 ITansf¢r, the¢14tl¢OrnpW"FoUndJtI0n for S¢ioc¢ and Thr10. ¢108ed. Th¢M¢morpmdum artd Aftl¢l¢A of Awclaiion werc rcplwd wlih a ncw ConstiDJtlon. following Charity Cemmission bc51 pruLti(r. sTATEMEP OF TRUSTEES RESPONSJBILITIES The Trusie¢s resp)n5ibl¢ for pjtparing Ihc Athnu81 Report and the hnanLial 8¢¢MCn15 ITh accord&tscc with applicabk law &Thd United Kingdom AcUnting Slundard5 (United Kingdorn Gcnerdly Acccoed Accountin8 PraLticel. Charity law requires Ihe Tru51ces lo wcpare financial stst¢m¢nts fo¢ e8ch fina¢beial yefjr which giv¢ o Iruc fBir view of the
ate of the afftiir8 of the Ghariiablc inwrw)rnled nr8?n15atn Bnd of the Incomin8 t¢sourtts and &ppli¢Ation of r¢sour¢c&
InrludinK the incotne and expenditur4 of Ihc ch&Tily for th&1 pcrt(Jd. In prewn8 the% financi 3lukTn¢nL% the TnLStees arE rcquired to.. lect ltAble accounting policiesomd th¢n apply th¢rn W¢1$tellI)y? ob5¢rv¢ the meihtrds and prIlpleS in Ik Chariiies Statcmcnt of R¢¢ommended Prllcticc ISORPI: m&ke.judg¢m¢nt3 and estimatcs that are re&qonabl¢ and prudenL ale whcih¢r gpplicablc UK A¢countin8 Siondords havc bcen fnl1DWe 5ubje¢t 10 any material d¢pNrturts di3¢10d and t%plained in the fintn¢1 statements: prep4re the fi[ntial %tsl¢mcnis on the Boing concern b&8is unkss it is inoppropriatc to presu¢ that the ch&ritdblc inwtPDr&ted or8YnibHtivn will wntin in bu5incss. The Trustrcs are resnSIble for keeping propBr ac¢ouDling rEcords thai disclose wth Tonble r1¢Y at timc the ri¢1 p)5ilion ofthe¢ts8ritable L7)mpanygJxi¢nabl¢them to en Ihatiht fJnBn¢ial 8taicm¢nts ¢omply with the Companic5 Ath XTr06. They are Te5pon.%iblc for 5Jfcguordin8 ihe &%sets Df the ch8ritable compw)y and hence for taking rewnllblc steps for tk prevention sftd dctedion offraud and oth¢r iegulaN1iey. The Trusfv Rre reSAlb1e for tht ttwint¢nance Bnd integrity of the coryM)ratr ond financs&1 information includcd on thc ¢kn4rity's web&ite. Legislatv)Th iThtheUnitedKingth)th Rovuni08 theprwation anddissrmkntition of fmanci $tatemBnts mxy differ from kgislation in other jurisdictsons. Page13
FOUNDATION FOR SCIENCE AND TECHNOLOGY
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025
GOVERNANCE
Th¢ Foundlltion for ScienL¢ and Technolo8y is a Charitablc lrtwrpnrntcd Or8attis&von ICIOI. li i8 Eoverned by a Board ot.
Trusw iyho w¢ apwinred for 8 mJ of4 Ye nomjlllly retwivable once.
Th¢ Trusice Flollrd thTLY Ot mtJTt a yLr lu ovetsee thc work of the charity and delegate day-t041ay meMent
of the Foundlliion IhL chiefE¢U1IVt, (iavin Ci)%lt8an.
PIJBLIC BENEFIT
The l.oundalipn hus conJtd¢r¢d Buid8D¢L' publish¢d on public knellt dwies by the ChttTitks Commission tnd consithrs
thui 11 has dclivercd publ)c b¥'nifii Ihrough Ihc aims pl'ih¢ Foundgiian which a. dtlivercd Ihruugh orgon14ing dL'hoic¥ gb)ui
kty ptFIicy i55ue¥ whil¥ maintsiining on Ipania} plaiform, bj ninnin¥ Iht Foundoiion FuiuT¥ l.cadcrs by
publishing pudLws 4nd bltsg& by assisling Ihi lldniiDi%tya(or¥ul'lLarncd ond professiun81 x)Ll¢ti¢N i¥h(> thry)UbTh IhLir
aciiviiies alyn deliver public bentrfii. Th¢ rccnrdin¥4 fifmeeiings and juurnal rt'ports fi)r dis¥us%iDn IVLnis h051¢d by thL
Ftrllndaiioii are wid¥'ly diSTribui¢d Imd fri¢ly avollllblL' to IliL publiL on IhL w¢bsiic IwiYw.louthdo1ion.or8.ukl. a5 &re thjl
pod¢As1.s and blug5,"IAe iYL'byilc pruvidcs v4luabL' LJuLllil)nBI ni41cri for universiil¢¥ andYChl
RERv3 POLICY
ThL'rn151.s revicwcd lh¢ fin¢1 wsiiion ol-the Foundallon during the yearand judged thBt the levcl ofTEscfv¢s is suffici¢ni
to undeIn the Mcrnb¢rs' 8uolanl¢edIr>4blcth¢ Foundthiettlocomniitl0th¢ fonYllrdpro8rllryune WIthQfid1. ulY
rDrcsponsurshiporoih¥r¥ourcLW huvL bccn arrong¢d arikssurLd and lo urgani%Lb topic81
FOLfNDA TION FOR SCIENCE AND TECHNOLOGY TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 INVLSTMENf POWERS AND POLICY Under the constithtion ofth¢ Foundation fot ScicrKe and Technology. or£rnling since 30 December 2022. Ihe Found&ion operates w an a8Teed Investment Pnlicy. Th¢ inv¢th)ent polio wns figrecd in the Ftswthtion's tarlier in¢afnllutsn ttt a Compwly Limid by GuaTane. This 18 as follows.. The inveslThent PDrtfolio should be suitfybly div¢rJified to mitiKatr risk. commensurale with th¢ chtritable statu5 of the Foundaiion. 2. The maximum invested In any corrlln¢r£iai bank or buildin8 50cicty should nOt¢#d ¢k limit of ihB sllvlngs gufjraniee ijf the Finonci8J Servlces Compensation Scheme IFSCSI excepi for short pcriods to meet orKratioTh requinm¢nis. Workin8 Capital in imm¢dlAtc s9 xcounts including cH5h held by th¥ payroll provider should nomajly exceed £180,(h)O, 4. Remaining fuTrJs, which ar¢ pected lo held for five yeBrs or more. ar¢ inv¢M¢d in adTv¢rsified portfoliu of Itive5fffleni furyjs in line with a8rEcd risk level. The balance twc¢n UKIWorld, stctors and Specif fvnds should viewcd regularly by th¢ Board. TXUSTEE BOARD MEMBERS The following served on th¢ TTUSt¢¢ Botrd durini the yeBrth&d 31 Deccmbrr 2025.. The Rl Hon the Lord Wllltlts FRS Chpit Sl¢ph¢n (Vi5nt.84th1 Trustrr The Rl Hun PrOfw$Th¢ Lord K4kkx PC FM¢dS¢i Trnstce Di Sarth M4in Tr$¢ Dr HoTia Mwr Tnjstre D4m¢ DrJuli¢ M Trus JonfythBn Nedt Jthhn Ncil$oD D4nicI Sh Honorw Trni$unr CIUKF XXECUTIVE Tk Chief ExEcutivc is Gavin Costi¥lln. FUTURE DEVELOPMENTS The FoundHiion trnsiees wll continue lo pursue the strniegy of providiT)¥ Hn Imparti plaiform for disLU5SiQll by MtmtrKrs of b)th Hou5e5 of PliaMe offi¢ials from Whitehall and VOlved Adrnini5trBtions, iaurialis a¢od¢mio% others about policy i&4u&s of ImtK)rtattc¢ r¢levance ts) SO¢TCty involving scicnce, enginL¥rin& technology 2nd medicinc. Moyt discu1 cvcnts will it in-pEmnlonline discussions. and the recording $X)ed on the websit¢. with a Tew)rt following in thE FST Journgj. SoLial media will he used lo dTaw pEoplc io this mlllcrial. Furthcrexploralion oFlhe issues with 8 wider gmup I'peoplc will tske place Viathc podcLs¢ which will Coniinw Ihwvu8knut the ye. The pJdu5t& ihB blossite, will &llow cxplorniion of is85 b¢yoDd thE evening cv¢ntptV8tamme. S¢condly. thc Foundsiion will continue the Foundation Futttr L¢ad¢Ys ProATamme, developing knowledge, ski115 Jfid conncdiDn5 for mid-taTttT iesear¢h2rg from the civil seryice. indvsty at&Jemia. It will aLw develop the n¢twork of the Futtjre Le&lers. Thirdly. the Found8tion will provide guidance atKI suptA)rt to L¢amtd Professiun Society m¢mE¢rs to Lmprove their 8OV¢rn8n their&dministtJtive eJfKieTW. 8nd advis¢ thMD individua]ly on such mattBf5. The FOd8110n will ¢ontinue to invi compani¢& or8Hlli5ations and8OVtrnment kndie5 tDj &* A5so¢iate Member5 and will strive to mafftiain a balanc¢ tr¢tween the iniercsL SI of the organr5ations r¢pr¢sented while m¢etin8 a wi¢kr obligBtion to ve sooety. Page15
FOUNDATION FOR SCIENCE AND TECHNOL(M3Y TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 FUTURK DEVELOPMENfs {t4intln¥edl AS the fundinK envirmcn1 I)[rStIgr. the FoLmdation will •)¥) look to diversify its itorne wur$ and expiutE differ¢nt pwtncrships. In March 2026. thc uwrcDI Chief Extsull (Gavin Costiganl will silnd The h&ve llwin¢¢d Alex Rhys to r¢place him. y Order of tho Tr4bt• D.L.w D4t¢: 17 Marth 2016 Tlb¢ Rt Hon th• Lord Wilkn¢ts FRS Chwr Page16
FOUNDATION FOR SCIENCE AND TECHNOLOGY INDEPENDENT ExAK,s REPORT TO THE TRUSTEES I report lo the charity InJstees Dn tny cxallLination of ttK accounts of tl CIOICIO numiK¥ 13 IQ49 8tkl Charity nUMr27472 forihe year ¢nd¢d 31 Deccmtxi 202J which art out on p4ts 8 tu 16. Re4pow$lbllltleJ al baili of rtport As th¢ ch•rity'¥ tnLu. you tre resp)nyibl¢ for th¢ prryaAiiort of th¢ accounrs in ttccordarttt with the requirements Df the Charities Aci 2011 I'the 201 I AL#'). I report in re4XLtof rny ¢xamination of your chBrity'J accounts as ¢gni¢d out und¢r settiott 145 of th¢ 2011 AOL jn Lwlng oui my eXamInl0[L I have Fullowed the Diytctions wven by thr Charity ComMit0n under section 145151 Iblof the 2011 Act. Indtp¢#dent •urnlner'¥ stst¢ffj•ut Sinrc the Ch4rity'J gTO8J itKomc ex¢¢cded £250.OtK) your rK4mhJer mu&t be &m¢MOr B body Ilaled in 8ccllon 14J of the 2011 Act. l ¢onfirm Ibat T am qua]ified 10 undertake the cxnIn811On b¢Lau3¢ 14rn r¢mbtT of Ik. Institufe of Charter Acwuntant5 in F.n8lund 8nd Wale& whicll is one orth¢ lisd I hav¢ compklwl Jny vx2min8ti0n. I confirm that M matter¥ have come to my gtt¢ntion in Connli0n with eurninttilon 4]VI me caw¥c to Ixlieve.. untin8 Tecord5 wcre noi kepi ui re¥peei ofihe Charity a5 feqwT¢d by stciion 130 of tk Act.. or Ih¢ Ount3 {) not acc(>rd with thoso rEwrds; or 3. thE iccounts d(F not Comply wtth the COunting TtquirvnKntsof th¢ Actother thon any requircm¢nt thal the acLoun V¢8'thJc znd fair vlew whlch ig om#ier¢omid¢rd •$ pgrt of indepentht Mi[tion. OT the coU18h1vt not been prepared in a¢coTdgDCC With the methods Bndprincip1¢5 of the S¢8iementofRccommendcd Prllclice for cOun11n8 ond reporting by charities lapplicablc to ¢hariti¢s pWIng th¢ir cOUnts in aicord4ncc wilh the Financid Rcrrt)rting SthndJTd opplltlble in the UK aj Republic of Treld IFRS 102)]. I h8v¢ rK) con¢enL5 &nd havc ¢otne rtcross fto other maitcrs in ¢onnE¢liDn wilh ihe examirJN¢ion to whlch &ttqntion 8h)uld b¢ drown in this rcport in ordcr ti) ¢nabk a proper underdIng orth¢ •tOUntr to be reAched. P&ul Wlndmlll FCA Dated. I. 01 . 20 My¢rs Cluk Chartcred Accountants Sui* 7A. Building 6 CToxl¢y Park, Hgtt¢ws L8 Watlord HertfoTdshirr WD18 8YH Page17
FOUNDA TION FOR SCIENCE AND TECHNOLIknY STATEMENT OF FINANCIAL ACTIVITIES (Inco4)orating an Income and Expenditure A¢¢ounl) FOR THE YEAR ENDED 31 DECEMBER 2025 L'xreth¢t•d Det¢d Restrki 2024 JO,L73 64.123 Spomsonbjp 34,5() 163.678 1225 34,JC 103,678 03,5LM) 180J61 345 Leamed s{21?s Jm 1]J) $50 Bauk *D5it JIJ 330 12,65", T1 ¢10,51 Cb4n'tthl?xtiiryts (33,0171 Tothl 119911 (1176> 252 (1.991) 252 13 411.815 494.870 J97.ts16 The wte5 OJtpuvJ Ioto 16 of ytstejthcttt Page18
FOUNDATION FOR SCIENCE AND TECktN0Ly BALANCE SHEET AS AT 31 DECEMBER 2025 T4W4$sets 434.532 434J32 3SI.940 DelKors Casbatbank- on dtpoait 16,454 313S4 69.079 liJ3J 28.7 13240 . The HDId%Fd CathrAhwrt Jo 115.IC 194 870 Reibthd 13.055 481115 494.870 497.N6 Thp XtHoLth•LtrfdVothttAFRS.awt Dllt.. 17 MCh2Ol TheLoteB ¢npw5 Ioto 16fllrnip ofthefftw))sts1th&. Page19
FOUNDATION FOR SCIENCE AND TECHNoLy
NOTES TO THE AccouKrs
FOR THE YEAR ENDED 31 DECEMBER 2025
Atcountlni policltJ
IA) Bosi5 of prtpor•¢ion and #tI5¢t of golng tonttrn
The financial Sfvlernents have IKcn prepaT¢d uNdeT ih¢ hisioricd cost convention with ilrms recogtuscd at CO51 ur
transaction valu¢ unless oth¢rwise SLgteJ in the rcI¢v01 notrs to they¢ accounts. The financial stsiemtn15 have been
prepar¥'d in accordllnce i¥ith Sthi¢meni of R¢commertik.d PTacii¢¢.' Accounting and R¢pDrtin8 by chritICS
prb'pllring Ih¢ir uctounts in aLLordm¢¢ wilh IhL Financi1 Rtporting siandurd ipplicabl¥ ID IhL IJKthnd the Rcpubli¢
ol. Itrlllnd i&%uLd l Jllnuary 2019. th¢ FInCl R¢wrtin8 Sthndard appli¢able in th¢ IJK ond thc Republic of
Jreland IFR51021.
The charlly ¢omprise5 &public berKfii entity a5d¢fin¢&l by FRS 102.
Th¢ trusteLs Lvnsider tkn t mot¢rial uncertJ(nties th)ut th¢ chaTltV5 3bility to continue 8 80ing
¢onccrn.
{bl Income reeoEnklo
Income is Tecognised onc¢ the charity has cniiilement to the in¢tsJr, it is prob&ble thit the inc(Trm¢ will be trceiv
nd lh¢ amount of in¢orne rccelvable be me88wrd w¢liably. Inwme rt¢¢ived in 0dvLe is defcrred Til thc
riteria IOT rrw8niiion w¢ meL
Dondiions #nd ¥onsorJhip income Jr¢ rccognièrd whcn the thiriiy h&8 notified of the Amowhts and
seiilemLni da. If a doT]aiion or sponsorship 1$ 8iv¢n 10 support a swific ev¢ni Ihr income 15 defcrred not
ognis¢d uniil (he ¢v¥ni has itskcn pla.
(cl Expendhwr¢ rteo%nltloTr and •lloe•tlon of co
l.IdbiliiiL'% are r¢¢ognisLbd n¥ e¥pciidilurL' 4S 85 Ih¢r¢ is A Icgal or nstrU¢l1ve obligation tommlirln8 th¢
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FOUNDA TION FOR SCIENCE AND TECHNOLOGY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDF.D 31 DECEMBER 2025 (O re N• 2D21 J.¢S0 EY441 ¥• 110,130) I¥O.i3Q) 43 SuppDTI 11s.J•)I Iii.ooo) ts8,J92) 1163.151) (191.gM) 11,0931 I14lKVy. .4141 11.722> L41 iaoii 1167) Ji) 1117) 11,24PI (3,1961 (14.0131 {4J921 Cknvltttbl• (1.61n <P,4491 1496) (2541 12.6611 16QS1 Tw4t Pagel 11
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