SCIENCE PROJECTS
(A company lllmited by guarantee)
REPORT AND FINANCIAL STATEMEIYT
FOR THE YEAR ENDED 31 DECEMBER 2021
illiiiiillii
*ABDKQV63•
2W0912022
COMPANIES HOUSE
A25
#767
Addrw Regist*Ted OffKe".
Stlrll*g Housc. >IS Stlrling Ro¥d, LoDdoK W3 8DJ
Ch*rity r40:
Company Limited by GU*r￿jtee N•:
21¥6073

scIEr4CE PROJECTS
Fln•ndAI Statements
For the Year Ended JI Derember ￿21
C•ntrnts
P•y
L¢8•18nd Administrative Infr￿matt
Rqx)rrof Ihc Tn￿tcts
Rep)rt of the Audiior
10
Siarem¢￿0f Finanri¥l A¢tivities
14
Siatcmenlof Cash
Notes form￿ t￿rt of th¢ financial gate￿￿ts
1&22

ENCE PROJECTS
l *rtd admiRistritiYc iwf•rn?atS0
Refer¢nce admiAiJtr*eiv¢ detshb
Charity number.
298542
Cowy
2186073
R¢8is*red Officc
printipl 0pm1￿￿1
*ddtts5'.
iriinE How 3-15 slidu￿ R¢J¥l LOM0￿. W3 8DJ
DiTttt•rn and trustoej
R L Al]sts*
rhJ Bean
H Fe*ther#olle
S Pitt¢y
A Rutnbotd
R B Scholefield
S 5Mwde
rtr s Wilkin$
Appoitited 2￿ Novemirtt2020
PJ4nuary 2021
Resi8n¢d (￿tObEr2027
ApFKM"mtyJ 23pJ Awil 2021
Chief Exe¢utkv¢Officer. S Pizzey
SeeRtsry.'
K L All4>
Anditor
Alpha Accountants ILoTthI W 585A Fulham Ro*J. London. SW6 SUA
BADkers
Bartlays Bank Pl4 54 High Sweet. Rui51ip. MidWKsex. HA4 7AT
S￿1£11•￿
Wedlake Saint. Crown Hrw 47149 Hi8h Street. Rea>oLm. St Alba￿ Hertfordshir¢. AL3 7LW

SCIENCE PRO.IEcrs
ort r*lthe Tru51tt5 for tht
31 Dett
The Tru*ees pffwit theirrq*wE walbr¥with the fmDnciil forthc year 31 DEcerth2021.
Str¥dorfyGwern*ts¢¢ Mu•tell￿¢
Theorganiqation ij a cba¥itable QJn￿anY limitedby gu8rJn*e, UK01￿ on 30 (k¢ob¢T 1987 and rtgi5terat as
a Charity on 2 Febnmry 1988. The company wasesrablished uThJer a MenM)rnndum of As5(Kiation whjch
¢$tablisht4J th¢obj¢tts and rM)wers of the d￿n￿ble£0mpa￿Y ￿ is governed uThler lis Art*ck5 of A550ciaiion. Tn
the ¢velli of the tomwby t•'YJ8wouod up. me￿t￿ •Y¢ rwuir¢d tQCODffibut¢ DN¢xc¢eding £10.
Recrultm¢fit Ind Appoln*Thent oftrustees
Th¢4)r¢¢￿r5 of the ¢ompw ¥¢ also charity truste¢g forth¢ putrM)stsof (knity law thTw8hwE this rewn
¢oll#tively ￿fcrrrd to a5 the bwtees. The ¥nemi%tship o(the W oftru5tC¢5 has Temlined stabltover a numi*t
of years. aThJ rcpresenls people with skills in i1￿￿U￿tI¢￿l. %ientifi< legal a￿d fin*¢1￿ distiplin¢sas well •
deep ¢ommiiment io rh¢ aimsof lh¢ ¢I￿rIty Con5id¢t¥tion ts giv¢n ¢rt ID anDual b*si$ 10 T¢vi¢wing ajby chaD8¢s in
rcquirtm¢nts fOr￿Y cxts3sknll$that ik charity its of ¢rukn.
The ffi*iE¢S SEwvifbg duringth¢y¢•r sin¢¢ the ye•rthd follows".
R L Allsop
Dr J B¢*n
H F¢4¢h¢r5tonc
S Pi7Xy
A Rumbjld
B Schol¢fi¢kl
S Snowden
Dr S Wilkin$
Appoin*d 31"Janu*ry Z020
Appoin1￿ November2020
Dece&sed P JanuQry 2021
Resigned 2(W Ouober2021
AprA)intoJ 23Th1 Awl 2021
Tr￿¢¢ tr*i*io1
All the Irustees I￿￿1(cadY f￿￿117¥rwith the PrnEric•l work of th¢ cFArity. hlving bt<n encouTagai lo vi$ii All of
Ihe slic5 wh¢Te the cbarity operare51nd to discusstDe progTessofthe chuity with key mernbu5 of suff. If if
btcame n¢¢es$8ry to intrtyluce any new tn&¢¢s go the trA)￿d ihose n¢w trvsw woum be fully brief¢d on
thriT Ic881 obli8ation5 uThj¢Tcl￿rity corDpany knw. thEton*ntof the Memorandum and ATiirlE5 or
Associ*ion, Ihe objccts ofthecharity. the Teccni puforTr4nc¢ olTrthe chDnry. and ¢0 visir the various
opernlion5 dyrinsarnbrnial wovkmg day.
(￿l*nI$ll1•
The I￿ard0f trtwe¢s at¢ reSrAw￿lbLe forthe styateeic diredioD ard wAicy of tht charity. They meet on a re8uJ2r
bjsisal le¥t foul tiiyies a ytar. 4nd they ttteive r¢8ular fin4nual ￿ wrii¢tsb re5hytson thtproBress of iht charily.
A Chi¢f Exwutsve is Jwini¢d by th¢ fnJstee5 ro diyoFer¥rion5 tbfthE rharity. To hcililalE
effe¢r¢v¢ opcThtion4 th¢ Ch*f ExttwtiV¢ ha5delega￿ I￿1￿nty. Within rhe Eewrns of Lklegaibon ¥wroved by the
Ivuslce5. for operattonal matteT5 including the rumiinB of the SciEll(¢ ihe trnvelling exh1bition5. Ihe exhibit
¢dUCt￿ *nd th¢ fLnance fvncttons.
Relattd p*rtks
The ¢hariry do&% nothave ¥ny r¢lat¢d Wies otherkn tk tst il ￿nd￿lakeS its¢lf. However. The
hariry does work closely with othu ScierKe Centtes WL ibe U.K. and arouod the world, aDd regularly p￿th￿¢s
cxhibits and cxhibitions for to thosc othr owisatsons that pmmul8èt¢ the obJ¢¢rs of th¢Ch￿ry.

SCIE
E PROJEcrs
Trusieu f lthe
Risk
The rrustee5. in conjunction with iht marta8emtni 4)f ihe charity. COTLRideral the￿8￿lar trn51tt%' TnEdiTr¥ ih¢ risk$
to tF*<h#riiy. These nsks ha￿ been asses5￿ in 0(fmatrial risk. kty PErsoTrnel risk and he4lih and sately.
The finart¢ial risks are mitisaied by znainuinin8 ¥J4vare c&)Drrt*ls ¥]kl mar8ik$on tht tothtrAciitsR work. and
Ihrou8h the ThonitDnn8 artd conis01 olthe Current and fulvre fiaancial ouilook of the stit￿¢ ¢¢ntr¢$ 4nd the
Scienceworks. Iris ￿￿51dered that rhe S¢rtn8th in depth of the necessary skills the tnanageTh¢ni, staff.
di￿¢10r$ ofihe ¢hariiy. tnabk the clwity io cope wilh Th￿51 likely risk5 ￿ thr and hi$hliBhi those
occasions when outside proftssional *dvi¢¢ is rtquittd. Healih and safely risks ale￿ns￿leTt1J t4Jth for staff wkre
•n a￿l¥e hcalih and safely risk pro8r¥rnm¢ is m¥intairted by managai￿[ and an accredited outside Organisation.
*nd for¢u#omets and the public in risk asse55ffl￿ for the ScierKe rcnltes and tht txhibits.
Th15 15 C4rried oul thvougb regul¥rs*fety audits by thelccredited outside or8•nis*ionand review%d*wI8T
Objtttlve5 and Ktlvilic5
Th¢ 4irDs ofihe ¢hatiiy Bye w Out the charitsble obiECts. ￿ laid th￿1> in Ihe Mwwrwndvm ofAw¢ialiori. for
whi¢h th¢ ¢h8rity fo￿)d¢￿ ate to cducate the public Eenerally in rw of scienre p￿d te¢hnolo8y ￿ all its
branche5 and lo promo¢¢ thos¢ (**j¢¢ts by 4s*Tr*JlintAThI PLEtingon inter4cnve exhibition50f evw kin
Thosc ¢thjccts continue to bc fijlfilkd by thc opcraiion ofth¢ Obxrv*ory Seitiitt Ctfitst at HctstmorJCCuX and thc
opvalion of the S¢1¢￿etwO￿$ w>8ramme. Ihe hirin8oui ofthe ExpknriTrg exhibits. th¢ fMStrv¢tiffi and
sale of bB5wke itiiernthive eXhJT*1￿ aDdth¢ ￿n$In￿liOn aDd exhikn"IbJnof 8rnJi ￿N￿deXhibi15.
In additity* to thetontinuarKe ofthe thve w>licies w¢ arc continuingto vj$ilOTnumb¢rs to
our 5¢ien¢¢ C¢ntre espe¢ially in the numkn of thl P3Try ￿Sits and tyexpand ihc reach of OUT trdvelling
proErimffKs. Ncw and cxpwthj *icrt¢Y¢J•ted (xb ycuat HrratmorwAx whith arr having
Eratifying tsk¢ by the ￿￿11¢.
As part ofouT*1￿ we *¢ *w8ye of th ti¥Tr)ti81 tt¢d *¢rLeourage mtye younRwlew tske w scierKe.
iechmloy. eng￿￿ring, and rAihs1STEMI in th￿¢&￿170￿ atkl tareus. We aRglso aware of the neces51ty to
ach out to Underrepr￿[Cd and uTrJeTScrved pansof the ¢omwn¥ly. ¢$￿¢181)Y in tht disldvfjnthgtd ￿n$0[Dur
iarbw wdien¢e in th¢ South¢•# of Eogl*rd particulathj inthecoLrfa] tyiwn50f th#￿ElL￿.
Wc have f(￿m￿lJIed a plan io wJdTes5 th￿¢ rtquirtn*nts. t￿l ￿y*re¢k￿￿¢I1l w rMY￿be￿n89V*Ilabk
w¢ are in the process of arplying for fbnarKial res0w￿ from fuThJ￿£ 4YDfi¢S.
The T￿￿1¢￿$ set Ihe wli¢i¢softkCh•rity control Ism￿14¢￿￿1. The Observatory SciencE
Centre is operated by i15 own tull Jnd tirn¢ staff. with ¢¢ntrnl serrices bthnE wjvided from the A￿On
premise5. Th¢ 5¢￿￿ew0￿s andcxhibii hir¢ OF*raknorLs art lJas¢J *t the Atttsn which provides the
administration, rnijnienance, atsd some ofrhe swrage f￿11111￿* with th¢ rErnJininbf 5tora¥¢ al H¢t51mDnwu. Th¢
Constn￿li0fi ofimt¢ractiv¢ ¢xhibits 1$ performed ai the Acton wthshw and 15 ThanaBe4J from theoffiees ai the
same prthise&
Th¢ Trustees hold the investswii powtrs ofthc charity. the tr￿%[￿5Cns￿rethlt any wh held SUTpl￿St0
immedia* rEqUI￿￿t￿lS is iDve51¢d 5eDsibly. Inv¢stm¢rttofyuplus c¥b WiLh ihe Higher Interest deposit
ccouThts of fjrsirflfiss U.K b&nLs and b•5 P￿lUC¢d w inromr of£84 IY¢¥rtnd¢d 31.122W20.. £1 J12}. which
refltcts the low intrrcst rdtes aviilabl
Thc chanty hDlds rcscrvcs of £1,191.11445 of 31 Lk*cmkn 2021, and thtst(ts ¢thsitsthai Ih¢s¢ ¥¢S¢YV¢$ 8r¢
*dwvare to Ptovid¢ forth¢¢tsLtiAued ¢KrthdithTe frnm tbe charity's resollrccs for the conrinued cornmLEmenl io
the Ob5¢rvaiory Sciencc Centye and &lerK¢woT￿ and for the mainiew¢ofsu(fiCietst (w)ds to Cushion the
impA¢t ofthe ptaks and troughs ofthe contrActin8 OPCrnt10￿. The chaTity 15 also mindfi]l that in order ro compEie
in ihEwmm¢rcial rnarkcl forc0￿￿￿¢￿1tht (xLt¢om¢ofwhi¢h helps to svpwrt its ¢harit•bk ¥EjVjtie5)
much w¢ight is accotdtd by customus io ihe fLn3ncial strensth of the chariry a5 well as 115 iechnical c4pabilitiB5
4nd ThaintsirbiD8 t￿tAl$ting n¢t b•larf¢ ts now (ssth)ti41 ts t¢sbi¢ ￿ qU￿lfy for th¢5¢ ialtwW￿njl
The TnJsttt5 are saiisfied ¢h4E the¢h￿ty.5 attr1￿JthbIe roe4thof its irKlivHluJl are available and
*14￿•1¢ 10 f￿[1) irsobligaw VJ those fi￿Nts.

E PR<XV
rtb Trus
l Dttymber Z
(￿lInUed
A¢Weveme•ts and ￿rfor￿1￿c*'.
The COVID Testri¢tionsof 2020cmtitiued ty t¢5tyi¢ttheadiVities of th charItyd￿lDKthE¢1rfy part of the year.
The finanrial Tesuv¢ con1inu￿ ty ¢J¢¢Jlrto￿tht)%1f butaJFarn wb¢ l¢v¢llingouL
lil Exbibit de5ipJ and produdion.
CoMnuin8tr¥v¢l ban5 foTthe inwllatityi of ort ¢xhibiiiOh in pArt￿rAt has Pmved th be difficult kn manage by
notbeing ablc ty be on 51* insw¢t WO￿ by k*81 ¢ontrxkn7ts. rt•y intyitsbly prove ￿ b¢ ¢oMIy.
Ettquires forT*¢W Wotk h•v¢ kn sthsthnrially ralucd a4the whok SCIe￿e scie￿e£Cntr¢ f*ld has
bEeD s¢verely affected by the pandemic. Ir will uTrJoubtally but well tske a year OT more. The
propTrsEd movt t¢) takttht woAshop activity Out of LoTrJon by (ktokn2023 ts rcceiving atteniion and tl IS
iryortani thatthis occvrs in advan￿ of t]￿ th¢￿t¢d rLrowofthcmDvkct inoTdLYty have fijll P￿￿￿(l10n
pacily. The reserve wver th¢ financi?1 ¢twth¢ rth)vL
lill Th¢ Obs¥￿tOry S¢iuc¢C¢ntre. (OSQ
Tbe Observatory r¢-0￿￿j on May l¥ with T¢5tsir¢i¢qts oth the oumi*f of vi$1￿￿ th $ik whi¢h had kn be
A)oked in ¥Jvanc¢. Sirnilarjy. ilKrrwL7t r¢Srrt¢t1L¥￿Oll *h￿l visits wh￿￿ w¢r¢ limit¢d ￿ ont ￿1￿1 •t A timc
Wirh otherence to 5XK121disth￿1ng. Thi5 mlEed in limr¢?ng th¢ Ir￿lJMe0￿j in￿￿￿￿0 staffc051s. The5jtyahO
ed during thc yrnr wjd the new Sys￿￿ prvvAI y5v￿1 f4X oryn15￿ f¥¢llts by Indi￿ting tF¢ Dumbtrof
visitQTS in Advawx.
(jii) TravellinB fAhibitwJn su¥ice
Th15 activity is now di*oniirwJ forth¢ w¢wt. How¢v¢r. th¢¢xhikn"ts¢othtim* ￿ ptovid¢4 resotsr¢¢ for use at
the OSC w Pr￿￿0¥ achawnB prvwmof trwuhih'tityts for iht viwlin8 wwit.
Rl¥k M*D*gerneAt
Work thi*ons ihe ¢h•Tity *e ￿ vi¢*%d thro4h th¢wsrnof risk 4nalysis.
Wwk began on a55ernblinB th¢ infornmlion relatingto Pr￿C￿rE$ for managing risk within the charity folknvin¥
the 2013 awjit. Trnstees 8nd senior mart4gen￿e *waYe of d￿M￿l CC26 iwed by the CThaiities Commis5N)n in
2010 and thi$ has b¢en used a5 ryferEr￿. Th¢ dotyn*nt is P¥rtKlli¥rfy Use￿1 Jn hi￿11￿MIng the naturtof
the risks to be considered, ¢beiTpo*nrial impxt and th¢ p)wibk step5tomitig4tr¢ them.
Thesc avc 8rn4pcd unduihe following hcadinE5'.
GovtsnAnce risks
OFrniional risks
Finxneial risks.
Exrernal risks
Compliance wilh law and rryullltion
Many of thc5c are topics Ire already ¥&Jre55ed by wvk¥the general hc*lingof monagemenl and
opetati¢)n. FoTexampl¢. itt contra£iinE activitiffj we have a1￿y$ l￿d toconftont and mirigate the effec15 of
UTT¢n¢y Jlu¢tuaiion$ arvj have vigomwsly rak¢n to t¢moVcor4￿nd ￿M¢￿I%rIY puniliv¢ clAuscs in
contract5. simil￿]Y, the krf>ard and senior51aff havetsckied other bcading5 ouilinEd in CC26 duriTrbl th¢
t￿r￿e ofTuTrninE the Part ofthe tssk Tegarding the aMem*ly ofihc ma¢baBemeni of risk do55ier 15
ts#n$fer the isstr¥ weert¢ourterw may tn£(w¢er In tht fitturt tntoa iisk ryiy¢r fonTriat. Tr ob￿￿Ory and
elling exhibiti{￿$￿chVl11es ol¢h•riry have lJ*irowll risk 8ss¢ssmthi fonlls wkni¢h operntion•l
a¢tivities mainly a4so¢ia*d With health and saf¢ty t¢8ardinB #aff and public.
Mtttin¥ hav¢ held wilh Ihc at the (knrvalory ¢0 tak¢•pptoprialc 5tCP5 ￿4th)P1 a5 risk
str&tw th￿)U8h￿t thc Organiz￿lon.

sci
NCE PROJ
urt
Trry5tets for t
•21
RIS￿lts
Incornc for th¢ peri￿ amount¢d to£l.117.493 (Yra[¢￿ 31.12.202O.. £1.658.3921 attd tsperniilll COSLI including
depreciaii¢Jn lotslled £l,JSO,796 IYe4r ¢nded 31.12.2020". 11.693.725. leaving inrrtas¢ of¢xpthdimre over
income 01£233.303 IYe4rcnded 31.12.2020 ITrcrn5eof expKljtuf¢ OV¢T Jwrn¢." £35.333). As whol¢ of the
Iiicome Is apPl￿d EO charitable pu￿%¢5 the cowy 15 Wt liable todirecl ￿all(￿.
Thec0v￿-I9 parthrni¢ ¢oniinu¢d ￿ UJWI th¢ ¢h¥iti¥' fIn￿¢111 p¥form*Ke d￿1n% 202]￿th the Science
Ccnire only able ro Teoprn May win uThJ¢r rrKwE ￿StrI￿1¥t CiYCiJm5tsrKc4 and the fifdatscial ttsuh5 W¢rt
crediiable compared to the prcvious ye4T.
Th¢ twdnufadurinpoptratlr￿ aNe w coniinue compleiion of exisEin8conEraa5 althw8h it has come uTrJeT
toy PT¢SSW¢ tyc(au￿ yaff w¢te Ltt t￿anY ity5*esutsable to travel ov¢t%e*s due io Covid restrKtJons to cojwle
the ins￿1]ation of the exhibits •tyJ we sulKontr4¢1 contractots kn ¢ompl¢t¢ tht work.
￿C0vId ofourvjsromets ￿¥¢ had a ￿n(H￿de¢lIn¢ in their stteam and bave bEen rEIu¢tsiii to
plac¢ bu51n￿5 (hxto a IKk of cath and that has Fwi wclkei¢d in th¢ ordu5 thJwtn8 th¢ ycar. Happily. w¢
are now stting a r¢￿rn io mornul levels of cusknmcr4xq￿l￿Cs wliich we btlieve wll translare a stream of
dwinR 2022 atyj itttrj 2023.
Totsl iTKOD)eh*sd¥w￿ by £YO,899 ¢orow¢d th the p￿10¥5Y￿ with txhibit t￿nUfac￿ErIng decreasiDg by
1668.870. and S¢￿￿¢¢ ¢cAtr¢ *Thl cxhibithty) hirt and schools tra¥clIingcxhibit￿ incTC4smg by £177.293
impwYerJ¢nt ihe PT￿70￿ yE¥r but still rEfle¢ti￿8 ihe ofcovid-19 tl* ttading r*rforrnan¢¢ orth¢
Ob5¢TV•tory ScÈ¢nce C¢￿tre at H¢wkn)rteuA, and th¢ ￿cOme foi the travellin8 exbibitiorts. Grafti
incTa45¢d by £18,116. The m￿le¢S WEei•mining w5 in ￿1th fund1Trg￿n be In¢rW￿ in a cosi-¢ff#iive
manner.
The Job Retention Schtrne ilKon￿ alsodetlined by £67205 relleainB the re￿￿8 kvel ofcomwsation paid
underih¢ schLYll¢ a#d th¢ f•¢t that ffl0￿ to
Exhibil manufacture in¢ludesprojw15 of a 51yJrt term artl IDn8- tErn naNre awj revenu¢ w2d conmbu¢ion on
thesecontractsatt tsken on a percents8e romplete Mwh of theexhibii JrKomccL¥n¢s frorrj foTei¥n contracts
QT fro¢ucontrw d¢gtin¢d foroverseas lo￿1¢￿. Cfjntraci w(xk in the U.L to be heavily dep￿en1 on thE
Oukome ofyant furtding forU.K exhibiiion caiires 4nd thefelore in nature lobe tha¢ of an iTh(TequenE basis.
The corrwy hD5 nDW secwedthe r¢th¥bV•] of the 2020 bTt2k t￿￿$tIn￿rAt￿Ott i¢ast whi¢h will 81¥¢
5ecurily of lenure uniil 2023. wilh thv kase cxpirr in 2024. Wehavc hL￿Ve￿I¥lKO with ihe LindlDrd to
vvAte the workshop in (ktober 2023.
New ¢oDtsa¢¢s have beth Iwjn fortyJstomer5 in Nrny. the USA *ylth¢ United K]ngth)m.
Th¢ eNolnKDI pED5ivth s¢h¥v rs wdl ¢4ablithd and thcrewryti￿¢s ￿beth waiifyin¥ ofthe
s¢h¢w by the cmpbyees.
The Iru5¢eeSLVDtinuc toview the fiLmtt fvrexhibLt rnanufaL*urt wlthc0nfide￿e. Inorderto fill￿ thecbarity 4nd
$wially to repl¢ni3h funds appl*d to tht rtstQTthon improvement of th¢ Observatory Science Cthtre. th¢
Irusttts continue io pursw edKalional cAhibii InaTh￿r￿lUrE as a tnunsoCpTopawiTr¥ th¢ir idras a5 well as
providin8 fund% forthecxpDnsion olthe chthableobieoive
li would 5eern prudeDr ro [S￿jME ib* ihe Ob5t¥varory Scicrtt C¢u4¢ will in always tequi￿ fu￿nc￿l
suwort eit￿r from granis OT from ¢xhcrJctivitics ofthcchamy. Thc charity hascominucd to invcst ift its Scicnec
C￿tre 8ttd iJbVEsi¢d in new ¢xhibits dufinKihe ytsT. New illv¢simeftt will dry*thi on ¢ither Granl itst0￿ or
enhan¢ed rtWftLS from m￿￿fath￿l￿S¥¢llvlIl¢s
The fixed asxts of thethariry are hdd in the form ofexhibits forthtsffi￿ Centre, Sthen¢e Works and
Explonn8 S¢ieDce Erivelling &xhibiliO]￿,. WO￿SE￿and0ffI¢e pl•oi •tsd rnxhujcry." Ind mowT vthiclcs for
4uipmeNi co]k¢t￿n and dcliw.

OJ
rtoflhET
Ruults (continued)
Tradcdebiows r¢fl¢ti th¢ am￿nts owin8 bycts5thffl￿[￿ exhibit COll113cts and exhibii hitr. and the work
progress is the cost value of£onn￿ work noi YM invoi(*J io The estimatsd v*lue or￿￿lS does n
differ from that shown in the xc¢yJn
Th¢ fLnanci8] position of the Bal¥n¢¢ Sbe¢t is will enDblE theconyw to corylet¢ ill itscontra¢¢$ 8thd
comfftitments and continue wilh educaiional pwrarnw
l*veBt**tyt ¥x)l*y
The trustees. b*ving Tegard rothe liwidiry rcquirEDJeThtsof operwing theoversll ¢hwity of the re5¢rv¢s poli¢y
have ¢wated a wTrlicy of keepkn8 avAi13ble fimds in in*re5t bEarin8 thp)si¢a(Kounts aNI s¢tk io achitvt the
ra* of Int¢￿St r¢turn available to eh4riti¢5 ift the finaDual markets.
We art Wisf*d th•t th¢ r¢wrn w our iThvtsmJents commcThwrate with our inve5t￿l risk ￿licY.
con5￿c￿tIon will be give¥b in 5¢eking iYtte¥ rthrrL¥ ¢Jn tr4ually 5erur¢ i•v¢9th￿ts wh¢t¢ ivail*ble.
R**rv*s pdky
The truslees have establi5W Ihe level of rtsery¢s lthli is tjw that •r¢ fretly I￿11able) thai EhechDrity
ovy*tto hav¢. In ￿[cula1￿￿8 reserves. the tsustee3 have excludvj wtal hnds the in¢om¢ funds,
tansiblr fixtyj and thc dcwgnatcd fimdk R¢ser¥c5 arc nccdc4110 ptovidc foTihc cL￿fInU¢d ¢xwdiwY¢ from
th¢ ¢hariiy'$ rwr¢¢K fortht ttyltinutd commimieibi io the (M)servatory SCie￿¢Centreal￿j 5ciEnceWowks.
rorthe main1w￿¢ of 5uifirTrEDi fvnd5 tv tushion ihe impxt ofthe peaks and trvJBh50f the cr>niraciing
operdtiOn5. To be able to COmPEie in Ihe inierDaliw81 s¢ierte ¢trbt ¢xhibit ¢ontsaci Ma￿¢￿ sufficieTht finAncial
resou￿$ need io be rnaintaintd by thecharity in br abk w)4u*lify to bid for th¢8¢¢ofJtsacL%atkl wr
Teserv¢s poltey takts ihis factoi i))to accouni.
Restrvts wt¢o•¢
Al ihe yeaT end wir¢5triclesJ Te$￿¢$ weTe £1.191.114. n(rtbt o(which wert desigM¢td. attd nrpne ofwhKh w¢rr
specifically commilled. Fixd 355cts TEprEsentyJ £17.706 of ths whKh *otsld be realisable only on
disposal ofthosc fixed assets. Tr balarKiThg figure of te5eTV¢5 I￿11•b￿aft¢T th¢ dtOwtJon of r¢striad fvfyls.
omiiied fimds And anM)uTrts only re41Lsable aller the sale of fJxvJ a55Ets ￿ lhe￿rOTe£1.l7j.1oS. This ¢x¢¢¢ds our
rg¢E Foliry olhaying aYailabl¢ t¢s¢Ewes of£imilioti and will allow US *¢ope with any potrntial ¢Rdin¥
downtum in the n¢xi finiTrri#l tommit mttich ￿nding to*ny grnnt fundiTtg we Tettjveto fidvance OUT
charitsble obieciivea.
This policy ha4 been Windicated by ihe events of2020 and 2021￿￿ the ¥mpxtwowldwid¢ of ihe Covi&19
parvJemi¢ and 10 pro¥id¢ yo￿ fin¥tyal cushion fortht hLtsLTt ffinaKial UDcertainty of ouKome5 in 2022.
Pl••$ f•r future perlods
The charity plans io coritiiiue Ihe acDviTies ¢Mlined •bov¢ Th the yws $thje(I t05atisfacthry fiJThlin
arrnnBements. Because grants receivabk by Scientt Projects 10 te ofa capital ¢xpcNlittJr¢ natu[¢ and n(A
availwbl¢ 10 fjjnd rtvenu¢txpttkl¢wr¢. th¢ bijsttts have A wlicyof en5winLi all of ￿ chEnry's aclivitLes are
fJnarKially s¢lf. supwrting. WhuE x*viiits •T¢ self- *¢Mt¢nuinÈ b•sis the thJstee5 Teview the
$upwrt that can be offcrtd to those activiiies.

IENC
PROJ
rt f¢ht Trusiees (or tk
rnber2•21
Trmttts, Yupmsithililiu for the fin•Ki•l
The trusreej wtrKTrare ￿SOdireC￿rs forthe rwA)5esof company law•rr rcspon5ibl¢ for PT¢pNrinu the trJsEets'
re￿rt 4nd th¢ financial staiemenL4 in xcord4nce with applicable law and United Kingdom Accounring Sr3ndard51
Uttit¢d Kin8dom Gty¢r4lly A¢<epitd Ac¢ouniithg and are r<quirtd to pryre financjal statements for
ex¢h fJnaJ*i41 year wbich 8ive a faiTVi¢W of the o(affau50f th¢ ¢hAfity aDd the iDcomiDÉ resour¢es
and applicaiion orTeS0V￿. IncludinB Ihe nel income0r¢xp¢ThJilu￿ ofthc tharity forth¢yuw. In pwarin8 Ih05¢
financial s¥t¢mtst$. thetrnstttsare rquirtd to..
5eleci suiiable accouniing Fo1i¢ies Jnd thEn apply thcm consiS￿￿Y
mak¢ Jud£tmen¢s and C￿]￿81¢$ th•t 4re rta50D8ble prudeni
ate wFther •pplicable ac¢ountLTh8 stsnd3rds and sthreN%nls of recommended pr￿lICe have been
rollowed. Subjttl to any mawial dep*uresdiscJosoJ and explAirtoJ in the f¢nancial s(atcmcnts
pr¢pkYc the finaneill ststcnxnt5 th¢ Btyng ¢onttrn b￿LI￿￿$S it 1$ inltwriatc ￿Pr￿uMC th•t the
¢haDty will t(￿ti￿￿ iii tsw￿10￿.
Th¢ tru5te¢s •r¢ respTh￿1¢ for records whichdis¢l(tys¢ with rt•50noblc accuracyii any
lim¢ th¢ fJnan¢ial PDsilion tsfth¢ chanty and which thublt ihtm io th•t th¢ fiilallcial yatements ¢omply wilh
Ihe CompanJesAci 2LNJ6atKi with th¢ Accowrtin8 aThJ Rewrtins by (]￿nI1¢s. Sta¢emEnlolRgrommMdEd
Prxi1￿ applicablcto charitiC5 PTCP3rinB I￿r￿CoUnts ￿ acroTdwK¢ with Financial RLyDnin8 Stsndard
applicabl¢ in the UK and RepublK oFlreland{FRS 1021 leffetyiyc l J•uary 2015}. They are a150 TtsrAThsibk for
safeguaTdbnE the ￿elS ofthc charity he￿¢ for the rKrntion detection of
frdlld other ureBulariLies.
In 4￿rda￿e wirh law. •$ the¢owy's direc￿. w¢¢¢nify rh•t".
Jo far as W¢ are aware, thcrr i%NJ EelevAnt audit infornwiion of whith SI￿1t0r ¢5
n#waY¢" and
45 thE dirKtors0fth¢￿mwY w¢ hav¢ t*k¢n*ll the sty wewght itt
make Ou￿¢]Ve5 aw#¢of TeleYani*wlir inforTh*oA•ttdtrJ ethliih the ¢h8rity'$
aUdI￿r is aware of infl￿1￿)￿.
Audhor
Alpha At¢ountsnts (London) Offe[than￿We5 for1p￿int￿wrtIs wdithr in XCOTdance wilh s￿l0n 492 or
Thc Companies Aci 2(￿.
ON BF.HALF OF THE TRUSTEES
SlirliThg House
3- 15 StirliJ)8 Road
don. W3 8DJ
R L A1150P
rc¢torand S¢¢r¢iary
28ib SeN¢mber 2022

INDePENDENT AUDITOR'S REPORTTOTHE MEMBERS OF scIE￿cl PROJECTS ILIMITED BY
GUAlL4￿TEEl
Opinlo*
We hav¢ awjiled ihe fitsnffial 5tarc4rKnts of sti￿￿¢ Pwieets (tht'¢h¥itable comparty'l for the ye4Tended
31 D￿eMbEr 2021 wbich ¢oJwrise thE Swtowniof Fittwial A¢iiviii¢s. the ￿ar￿¢t Shw. the s￿l¢￿￿n¢ ofcash
Flows, and the related ThJI￿. The fina￿lat TeFVrtiTrB frameth thai has bren applid in th¢irprtoarniioTh 15
applicable law and Uniied Kin#dom Accouniing sts￿rds. Incl￿￿1￿¥ FJn*Kial R¢r￿ing 102, the
Fiiiancial R¢r4)rting Siandard applicable in the VK and Rq)ublic of Ireland Iunirexj King¢JomGene¥ally Attewed
A¢¢outtiin8 Pwa¢ii¢¢).
In ouropinion the fuJarKilll 5tsLements=
'Bive a tnK and fiiT view olthe*ate olihe thllritlbbr cov￿$&ff*lrs a5al... wThJ of bts irwming ￿SoU￿& and
application of Ttswr¢es for th¢yearthen eThJed..
.bavt been prwly prep￿ed inru0￿1rtC¢With Umittyl Kin8thm CrtJxr8lly A¢¢¢pted A¢¢owtt¢D8 Pr•cti¢e,' And
.bav¢ been pff￿¢d irl XC47rdarf¢ wmh the r4uiremtntsof the Cwpanies Act 2W6
B**ls foropiniti#
We conduc*d ow ￿di1 in xcordDrKe with lrtemDlicnal Stythrd50n Auditins(UKI IISA5 (UKII •)d applicabl¢
law. Ow trsrthsibilities those s￿￿ardS are fvnh¢rdes¢ribvJ in the AvdJt0r'STe5￿nSIbLILtL¢s foT the *dil
of the financial 3iaien]¢nts seoion of our Twt. W¢ inder*Trthm ofth¢thArit*bl¢coThpany in acwrd*nte with
Ih¢eIhi￿ requirement5 Ihal are relevant lo Ixtr a￿111 orth¢ fiTraNc￿lI.l￿lcrncnl5 in ihe UK. iTKI￿lI￿4 tk FRC'$
Ethical Sthndart and we hDv¢ fvlfilled our (thethicai rcswxtsibilities in acc¢)rdance with these TequiTem¢nts. Wt
believt that ihe a￿111 ewdtnc¢ w¢haveotrrtainAI is sufficient d￿j to providc • Ipa5i% forour OPlnKIn.
ltt athd1t1￿ ihe financial 5talemenis. we baVe￿w￿l￿d￿ thai ib¢ 1Th51ee5' useof lh¢ 80U￿¢0[￿Crn basis or
accounti￿ in the prepgratioD of the financial M*tetrtht5 15 appr￿￿.
B￿d th¢ wotk we have pvforttd. we havr idEniified any nrtftfial unccrtaiThties ttl*Ein% toevemtsor
condiiithss that, jndjvidually orc011￿1V¢Iy. m*y£￿ SigDifi¢atst OD th¢wp and PT¢nttharity's •bility to
continuE a5 a 8oin8 concern for a periodofal kast IZ months fiurn when the finw*Lal EUkrrwilS #T¢ wthori5
for
Our rc5wmsibililics w¥J th¢ ￿s￿ibIliti49of th¢ tsustees with ¥r¢ de5criW in th¢
relevant ycaionsof thi5 rgivt.
Other IDformatloD
Th¢oth¢rinfOcmationconwi￿ the iTrfornwiion irKh•Jcd in th¢arnu¥l TWL othETthan thr fin*￿11)
and rJUT a￿lItor'S Terx>n the￿￿. The restrf>n5ible foTthe othEt intOrn￿li<jn. (￿0p7￿10￿ OD the
rinoncial $tstem¢hts does not ¢ov¥ th¢ other inforJNiiOft and. ex¢¢pt to the exieni Othe￿iSt expliciily sia*d in our
rcprt wcdo Dot express ally fotm of a55ufdnrcconc1us￿n En connlthon with ouraL¥Jit of ihr financial
statemcnts, owr resp)n%ibiliry 1$ toread the other informaiion aThJ. in doing 50. cOnS￿erWh￿hcrthC othcr
infDTmatiOn 13 rii?t￿aljY InCO￿5151¢￿[ with the fin*nrial stgtemenik knOwled¥¢ Dlthned Jn the audit or
Otherwi￿ 3ppear5 ro br maitrially mis5w¢d. Ifwc idcnlify 5u¢& m¥lu1￿ iDr0Tr5l5te￿￿5 OT appatttil m?t(¥ial
misstotemenis. we are required io dtterniine whether there is a n4Eerbal Misstalen￿￿1 in the finBncial statementsor
a material missutemertt of th¢oth¢r i]h(Orn￿ti￿. Ir. b&sed on the work we have pEr(orn*d we conclDde that there
is a mat¢rial ]nisMaiement ofthis other infontwioti. we x¢requi¢¥J to w that f¥L
Wc hav¢ nothiTr¥ kn TEPJrt in thi5 rrswd.

Oplnloos OD olher m•tters prestrlbed by the 21•6
ID ouropinjoii, ba￿41 on thewtyk und¢rtkn in th¢t4W5¢ of th¢ audit."
.the inforniaiioB giv¥L ih the Trnstees, Report which in¢l￿deS thE Dbrecior5' Report PTeparcd for the purrAises of
¢ompany law forthc fitwKial yw for whith th¢ financi￿ ar¢ FW*ttd is consistcniwiih thc fjnancial
Idklllalts.. Dirciiof5' Rcp￿ within th¢TT¥SW' Ry)n has b¢rn PTWTtyI in wilh
ppbiuble legial
latters on whlch vst are rcq¥irul lo ￿pOrt by eiceplioa.
IIK libhL of th¢ ￿.￿wI&d¥r and uiidersiaMfiTr¥i of tht cl￿4)￿ble conynv *>kl ilS&ntriTlJiiff*tit obtsiT*d iii il)c
(bfdi¢ audii. wc ha%r rKrt dtTrtified nwtcfial mi<WAltmenL% In ik l)irtetth%" KKIM)rt irtclthle41 within thc
Trusteet. Rcwrt.
Iyt htsvc Th)thing tC* in fCSPCLi of thc fallo￿ngn￿l￿crs WI￿ the coM￿leS Aa 21*)6 r4￿•[c% li% to rc
to you if, in ovropinion-.
' ¢kqllaic ac4(bvhtbn8 records havc notkni k¢NorTemrrLS adcqua¢e nuroudit ha￿T.￿l bEen reccivcd from
br*kn rA)i vi$ii¢d by ￿."
.th¢ fittun¢itsl siaierrKnis iK)t irt with Its¢￿0￿7￿n% rtcoAts athj rerurns.
crtain disclo￿r¢S ol"trustC¢S' s￿1t1¢d hy law madc.
e not r¢¢¢ived all the infonrraiirjn aNitxplaMIMMIS we fore￿0￿dI1,. or
lh¢ tru*tee% w¢re not enti11￿ 10 ihB filla￿L￿1 ststtnkybls in x¢ordat*¢ CiMnpxni¢s ttÈiill¢
Dd t4k"t adv£intageDf ih¢ 5m3Jl ctsmpanitsexoipptioth pr(4Jthns Iht Dirtwots. thnd tske ￿v#￿tage of tl
Swkill c￿￿Panic5 excmpllon from ilK wwu1rctr￿I tt) PT¢FW¢ a StrM¢giC Rclxn.
RespDD$ilbilities of
As explained mort fllll) ill rt￿Tn￿l¢￿. Resp￿ibili1i￿ StskmvDi se¢ pagc 9, Ihe Iru5tLYs (WI￿ also the
diree*or¥ of tli¢ ¢haritabl¢ ¢oittpJny foi Ille pufpLVS ofujin￿l> law) èTt rwotisibl¢ fL)r ik prepa￿7￿17 ofihe
Iin&nLliil 5ts1¢menis iwKI lor b¢iTrbr s¥1151i¢d thai bijvc 4 tru¢ fair vj¢w. aryl liTrT iJJtrn)al CJ)ntrol as th¢
ITUsf￿s Il¢t¢rniinc is neccs¥ary rfi¢ weprJiivn nf fi￿Jn[l￿1 f[￿ from
lISSli￿gIVen￿. orerTQr.
In pT¢l￿ring thc fininciil St¥wi￿￿￿. tht InL4e¢$.'￿c for al￿*1Thg Ihe t1￿￿[￿ble comp*ny'$ abiliiv t
CODIIIIU¥ Z5 a 80iTrg ￿￿1￿¢m.diS￿lO5lll￿. applirable, t￿1*[5 fL'laied ￿ ¥oin8 coiiwrn ￿lI)S Th¢ ¥oiD
C4)nc¢yn basi.sof counniig Ihc IpJstfe5cither inieThJ w liquthie ihe (>rto ¢e&%e opernii(Y115. QT
kave iio) realisti¢alternthiii'e ￿11 tLidosD.
Audifvr's rrspoThsibilitie5 for the 4w4Jil Df the Sl¥¢¢*Je*ts
OUT t*>jeLthv¢% irc toubtsiim red$￿￿b￿ li 55thfKe abrmji wkahcrl￿ finanLial Sluiemen￿ a5 a ￿re free from
Tthiterial ttii.%Stat¢rn¢ni: wh¢ther [1￿ lu frJud or vmt. thd to l.wi an atsdiltlf'%T¢W%rt ihdt Irt¥'l￿d¥s (WTVPirtion
R￿sOnabl￿ dSSiifaiiLe Is a hi¥h level vfassiirJncebut is ni>1 a k￿lf￿nI¥¢ thal wLJil ifs afLvrdilTK¢ WltII
15A> IUKI will #lways (let￿1 iDi5u4i¢rJKni whcn il cxists. Mis5Ut¢nicTrls from Iriwd oi ¢troi
iuid 14 re COD%¢deYcd mAterial if. jrndividually or in ihc 38gre¥i3lC. ikn" e4)uld i¥PLxicII io illlluciict ihe
e¢oiivilJlt de¢i<lo￿$ ofu>¢rs t3k.thj die W*isof financLiI Siaientn￿_
Basèl on our understsndiDE of ihe charitable eompany aftd th¢entr1ron￿t in which iioperates. we Identifi￿ thai
Ihe principal risks ofnon<ompliance wilh laws and rewJlati011s relaied to ihe Tegulaiory requirements of tl)e
Chariiy Commission. and wt considercd lh¢ ¢xttni tr* which non<On￿lia￿￿£ might have a nuterial ¢rr¢¢i on ihe
finan¢¢81 statements. We also consider&1 thos¢ I#w5 aod wlatlotsg thai have ¥ dittti uhpad on th¢ PTepaT•liM of
the financial 5ts1cmcnts such as theCompanKs Ac¢ 21￿￿9. Ihc Chankn￿ Act 2011. and UK tsK14W.
We eyaluatcd maLg8ement'5 inceniives and opP)r￿n•t1cS for frE￿￿lent maThipulaiioTh ofthe fiTrBnctal stattments
IIT*ludin8 the risk of override of¢ontrol$l an¢J detemiihyd th# th¢ pri￿1￿1 risks wer¢ relaid
ittapprowia* Jliurnal enlr?es aDd maNgenKni bias in cettain aCfDwiiin8 e￿illIa￿eS andiudgements such as the
re¢ognitioth ofin¢ome f¢om legACieS and ￿ts. Awliiprrthkn perf0m￿l by th¢•igagemrnt in¢luded..

Insp¢¢tinR¢oThrswthncewith T¢yAlarors and tsx authoriiic5.
. Dis￿SsIonS ￿1h lnclud1ngc4y￿1dcrntlQn of kno*Tror su4xc*d I￿￿nCES of nDKrrfnpli•nccwith
laws •nd T¢¥ulaii¢n ¥nd fvwl.
• Evaluatin8 Manazelrtht'sc<￿￿oIs designed w PfEV¢ni aThl drr¢d irrtylan"IiES.
R￿¢with¢ MioU￿of4]I Tn￿ Gov¢rntytywiftgsthiing th¢ yc•r.
IdeMifyin8 aThJ *stinB journ¥15. p1rti￿$1lr joym*l ￿117%$ Wtst¢dTnth um1$￿7 ¥¢¢wnt crthbirt¥lioms, PDStiny
by unugjal usets&f with unu*Jal dempIiLW￿. and
Challts8i118 Assurnpliuns kndNdRth¢tttsm*de by minaÈemtni in ththTCfitical atLr#Jntin8 ￿lMateS
Because of the bnhercnt limitanons oran a￿1{ ther¢ is a risk ihai w¢ wll all iwr¢guiarities. including
those l¢adin¥ ￿ a material mi55taieffletst itt the finarKial norF<<*mpliaTrce wi¢h regulaiion. Thss risk
irt¢rtasts tht tN71t that ¢o¢wliance a IAworTegulahoD iSTemovoJ from the evcnt5 ar¥J transDuion5 ret]etrtrJ
in th¢ finanrial SW¢mt& ¥ we will t*1¢ss likety io becoffle aWaTeof insr8ftCts of non4J)mpliance. The Tisk is
also ¥rt*tot rtSard￿g irTegularilieS Lwrrinbi due to fra￿d rnther than error. a5 frnud involve5 Intent￿nI1
conrt41menl. foTgery. ¢ollusv)JL Omi$5ioth. or miytpres•DIios).
A fiwther¢k5rrtyion rwJsibilifif5 futthE orth¢ SWrmEDts is knttd ik fitsancial
Reporring Cow￿11,5 wcb5iieat". wWw.frc.ot8.'Jkl•￿ji￿STE￿b1lID¢I. Thi5 f4)mts p8rt ofour
auditor's reFKJfL
Uscof ourTeport wtwrt is theh*ritsbJe ¢Onw￿￿￿ brAly, in ¥¢ordance w
Chaptsr3 of Part 16 of thE Companits 21X)6. Otsr a￿lIt wort h•s bctft WMl¢rt8k¢n $0 that W¢ mi¥ht yate to th¢
h￿Ilabl¢ ¢ompany's m¢rni*tsthose mattws we •￿Tt9￿]rnI to st*e to them in an Audttofs report forno
0iherpurp0￿. To ihe full￿ exknl &￿il￿dbY i¥w. wtdo Doi w or I$5￿me r¢spowbiliiy io any￿ ￿her
than the charitsble company and thc charitsbkwrwys meThber& as i Wy. forour •udit WOTk. foT this re
or foTiheq>inioni we havc frrfma.
H•r•lamt#)s Hambi {Senitsr audiwrl
for4nd on behalf Df Alphg Aitow)t*tyts ILotyJon) Limittyl Auditow
585A Fulh•m Rcéd
Lonthn
SW6 SUA
Date
oi,
12

IENCE PR
temerbt of
r tlldtd JI DtteA1￿r 2021
IFun
Year cndol
Ycar cndLYI
ID¢omo and txprndknrc
In¢•mlnE resour¢o5
Gr¥niS Y¢£eived
E¥hib(I mwuf¥thu¢
S¢ietKeCeDtre and Exhibitith Hire
het
Inierest on ¢J¢pwits
R£Trtsl btt¢omt
Job Rctenlion Schcrt Iw
31216
31.216
674.130
341,199
995
84
13.1(KJ
lJ43.OfXI
163.906
674,130
341.199
995
137.074
Totsl uKoJwnB ￿sourc¢S
l.086277
31316
1.117,491
I.658.3￿2
Rtsourtt5 txpfflded
Thrtct <harifAbl¢ expcndibj
Furtd.rnisuJ8 and publicity
Gov¢m•n¢e costs
2.14
1.176,883
179
142.518
31216
1.2Tr8.099
179
142.518
l J41 J93
7J32
144.8
l J19580
J1316
1.350.796
1.693.725
Net mV•Wht itt r￿d$
{Z33.303)
{233J03)
{J5.J33)
Bai•nee& bTOU8ht fojward
a¢ i January 2021
.424,417
.424.417
1.459.750
Balances cavrbrA finvErd
al JI Tr￿)ber 2021
1.424.417
Th¢ *¢ou￿b￿S wlicies pRes 16to 22 foTmprtofthtse financial strdiem2nts
Therewue no re¢oKnis¢d gains ￿10$8¢5 olbEr than ilK>s¢ in ihe Swern￿t of FuwKial Athvities forthe
prnod.
13

SCIENCE PROJECTS
Ball Thct Shetl as at31 Dtrtrnbff 2021
Y￿r ended
JI IkcembeT
2020
31 December
FIXED ASSETS
17.71
27J93
CURREwf ASSETS
Stork and work in pwg
Debto
C￿1 At and in ha￿1
12,915
152.754
1.087.104
15.336
207,258
1.338.075
1252.77J
1.5fAI.669
CKEDITORS
Amounts fAlling dye
wiihin one y¢aT
(79J651
{163,645}
NET CURWT ASSETS
1.173,408
1.397.024
Total as5cts Ic55 cunrnt liabili¢iE5
1.424.417
CREDITORS.. Amounts fallin8thJE
allerrnorethan on¢ ye4r
10
.424,417
NET ASSEfs
FUNDS
Unresrricted In￿rne fvr
G£neral funds
1.424.417
13
Tothl unrtS¢ri¢*d futhjs
,424.417
Reslric*41 fuThJs
14
TOTAL FUNDS
1.424.417
The accrjunts were awroved by BoJTdof Lhrrr4W50n 28th Sewembw2ff22 aThJ si8wJon Ih¢ir
behaifby..
S Pizzey
R L A1150P
14

ENCE R(XIECTS
St tement tyf
h FID*s f•r tht
eare4Jded31 D￿t￿ber 2021
cn
2021
020
CAsh flowi fr•llJ operallng acll*llfu:
yntrNied fr•w optr*ii#¢ *¢llYfjthe5
Caih n•wi fr•ffl inVCSli•¢ ￿lIvI11e1".
Intertst from iovestrnents
Pur¢hwof plani •nd tquipt
84
{IOJ49)
lJ12
13J451
465
033
(250.9711
131.575
CLsh and whquival¢nts*t th¢ brwmih8of th¢ y
l J58.075
1,21J6.5(KJ
C•%b t*slL equiv•kNts •1 ihe end of tht yur
•peYatill8 A¢tiVitl
Ye&r e
ear
itytomt I•T Iht ytsr
Adjust￿*￿ti (gr-
Depreciation charBc5
IDt¢rw from invesm*nts
D￿r*￿e$ll￿rry￿5eI itt Stods
De¢tta5eJ{lJ*rtase) in debwrs
t)e¢￿se in CTediioT5
c¥b Pnb¥lded by optr*tlnKa¢liviliu
(233J031
135 J331
20J37
{841
2,421
54.503
53.419
8.846
2 Ah*lysiiofush ¢•slJ E4ufv*lMts
2021
202
Cash in bjnd
NDli¢¢ dq￿lts Iltss than 3 mothths)
T•tsl oisl and eqTAlv¥ltnts
199,024
470.368
67
075
15

SCJEPICE PR<XIE
Notu to
nts for
rottdtd JI Detothbor 2021
l. Prfjoclpil *¢¢(￿lIk￿E po&1
The financial stat¢ments have bttn picparcd bn accordance with applicable Uni*d Kingdom s*anOrd$
and follow ihe Tecomm¢ThJaiion5 in the SLyTthJieDI (bf RtcDmmeth knctice.. Acc4)unting and RepNin&* by
charit￿5 SORP IFRS1021. Try ￿ve prrprvj utwjtrthe his*W41 ¢o#rA￿Ven￿o
The pro1¢ipal politsesof ihe c4￿￿lY hove TerAin•JuDckn8ed from the previou5 ye4r Ind are set
below.
{al locomihg resour
Grants of a r¢venue nature crtdited ts ihe of fina￿18[ ￿1VIlle5 in th¢ 5amc period
asth¢ ￿LIted ¢xpen4Yiture. Th¢ from lorLRttrm clyntracts reflects the prowrtiOD of work eompler•J to d)[¢
thÈ kKojtsi. Other incomc 15 includtdon the thYm•l xuuals tra￿s whcn earned. Operniing Tereipts exclude
walue ¥dd¢d tsx.
b) Resource%￿Pended
Liabiliiics art t¢cogniscAI as r¢sowctt expended as ￿M)n a5 tha¥ isa legal OTcoM￿l¥e obliylion comtni¢tin
th¢ ¢harity to Ib¢ ¢xp¢Dditure. All ¢xpendirure is foronAD xrruiisb•sis Blld b15b￿n tla$5ifJed urmkr
head1D￿$ thai aw¢B#t¢ all costs tEl*iii18 ￿ the ¢•te80ry.
Chanthble expendrture comprises the com u*urr•J in d¢livyoIiis¥¢ti￿1]e$4n￿ s¢rvi¢¢* Gov¢rrwi¢e eosts
include thosc a$50ciatcd with Jnethins thr con*iwiional 4Th1 swvrory TrwiYemu)tsof th¢ eharitygnd in¢lud¢ th¢
Audit fttand coms link￿ to the strwesic mana8emeniofth¢rhwity.
(¢1 T¥rylblellied assets
Tangibl¢ fLiuJ JsY¢15 their purthwprite WCT With any intidtntal expenses or
acqui51iiM. PTOViSion for d4reciatson is asto ￿]te the ¢0# of knpible fi￿￿ •&8tts
on a str&i8ht.linc basi5 OVCTthc cxpccwyl us¢fvl lif¢of th¢4$5rt¢(M%¢rn¢d. Th¢pri#¢ipAI
antlual raiek for ihis pUTrwa￿'.
Exhibition kniand nooring
Exhib4ts
Other equipmtn¢
Motor vehicles
25%
2￿￿
25%
{d) Stock thlld work lth pr•ye
Stock and work in progre55 JTe ststed ai thE k)werof ¢05t and reall￿ble v•luB. Nei reali5abk
value is thepri¢e at which sioeks ean be sokl in the norn￿1 CQUT5eof ￿JsinCss afteT allowing for
th¢ ¢osis of re￿1$￿00n4ll￿ wtsue Approwiate. ts coyofconver5iQD fmtntheircxiw¥ stale io
finished Condi¢iOn.
lel Lo08-lerm conlY*¢ts
The aitribJlable conrribuix￿ on lon8-le￿ conlracts is weco8ni5tyJ onrethe oulc(bnr can be
•ss¢ssed wilh rtasonable certainty. Thecontribwlw IttogDiS￿ r¢fle£ts the pro[4)￿ of WOTk
ompleltd todate on the proj￿t. C05ts asxrti4t￿ long.tr(m ¢otytr¥t$ 8Te ittcluded in Mi
ihe extent th8t ih¢ycannot bv rn*chvJ w?th conirnrr acc(xu￿ for￿ inc(Vnin8 re50Wf¢5.
Long-ienn conirnct ba]8Ace5 included Ln slock ate *aied Ji fOST. after provisi{￿ I￿$ been Thde COT
any foTeseeabt¢ losse5 and ihe dtduction of appIl￿ble paymenrs on x¢ounr.
Full provisioll 15 (ot k)SSCS all ¢ontra¢ts in th¢ ye*t th which th¢loss bs firyt hrt8e4b.
O Optr*tlrti leAsts
Payrnenis fDad¢ UDder k￿e5#￿trI￿g￿l w the Ststwe￿ of fin•n¢i81 a¢tiVbtie5 0th •
straisht Iineba5is ovet the least
16

SCIENCE PROJECTS
r ended 31 DecembEr 2011
l. Prlndp*l *tt•UO1ing poJld¥s-tO*￿￿eé
Transactiotks in for¢i8n cuvrenci¢5 are the exrhan¥e the of th¢ tra[￿10￿.
Monetory &%sets arKi li4bslities in forei￿ currencie5 translird atthe rat¢ of ci¢h*n8e rnlin8 DI balante
sheet date_ All Other ei¢hang¢ differences ate thli with in ihe slalement offm￿￿la1 aclivitie
Afterearcfijl consideration ofthe chariiy'5 ClIlTent financial 51lllltion, +*Je regard to its cash tlowA liq￿Id11Y
and fu￿rt plartsgttd prosrrt¢ts. th¢ Tnjstees h*v¢ * rel￿nabICexPeCtation thai the charity has adequaie resouTces
ntinue in wration forth¢ foreswble fiJtyJT¢. A¢¢oTdthEly, they c￿lin￿¢ to adwi the going ¢oncern b05is in
preparing th¢ arrounLs and thgr M￿c￿￿1 the thaftty'slbility totylliili
(l) Public bEntfi¢
Th¢ ¢harily i$3wbliekn*fil eillity.
(J) IrKorniwi rtx+urre
Th¢ rtv¢J)y¢ ￿lE10￿polI¢l¢s ofthc ch4nty ate&% fdkn¥&"
(i) SAles of etstr•￿ tiekety uks4re t¢fO8ni5ed &srevt4Lueon ttteipt of thec45h
lill Tr4vellin8 exhLbiiwns¥r¢ invoK•J and th¢ rtyeJ)u¢ r¢rWiS￿Jl)￿¢QMpl¢tIQfj of the eihibii rnitsl.
Sale4 in odvBnc¢ of the Co[r￿7#￿M of th¢ s1wj￿ as deferred iDCOThK.
(iii) Income from the wpplyof 8oods•nd s¢rvi¢¢s isrtcoytt¢d wHh the deliveryof ik contracte41
serv1￿ proVid￿j Ihat pi the Stage of compl¢tion. the costs irwTTed jtb delivuing th¢ S•Vi¢e and ihe
Costs ￿ complwe ih¢ rcqu¥mnentsofthe can bE ￿ll￿b]y.
The methrAI usd ￿ measure the sthgeof compiericm Df a contsaci ￿ thai of the proponion of eos
incurred foi work perforn￿￿ lo daietompared wilh the ￿al e5tun*ed io complMion.
Ik) Flumdal imstrllments
The chanly hasbasi¢ fu￿¢la1 as*ts and li*iliii¢s ofè kind tslqts￿1fy asb*s* fin•n¢ial instrum￿￿ Basi¢
tin4nciAI in5trum¢nts ate iDiliJlly recogni5cd a¢ ttan5artion subxquEndy mtaSWTed at their 5Cttl¢Hw*
value.
17

JE
Note5 lo ¢h¢ wcttsuttt
ended
ember 2021
2. DlYRtt th*ril#ble ewnditsre
RtStyi¢t¢d Totsl Fvnds Total Fund5
Ycar tnded Year ended
JI JI tkwnbcr
zozo
Exhibii tnanufauuT¢
ience centre arKi cxhikn"iioTr hirr
S¢ientEWorks
I￿.364
365,834
10.685
8OOJ64
397.050
10.685
1,053,703
454.51Z
33,178
31216
.176,883
31216 5208.0
1.541.393
3. FMAd-r*lsloE and pyblldty
Publicity
179
7.532
179
179
7.532
4. GovtrnaDtt<ost5
Sal&rie% knd offict Costs
Legal and prof￿1(￿al f¢¢$
Audit ftt5
105J65
26.45J
io)
105.56$
26.453
IOJ(KJ
105,296
9.5(W)
142,518
142,518
144.8fy)
18

cl
P4CE P
OJECTS
P4•irJ to thc •crovnts ftrr tht
T 31 Dttem
Tot*1 reJ•ur¢es eXpe￿d
Yearended
YearendEd
31 D¢¢cmbcr 31 Dcccmbtt
Tothl 20
Educational seryi¢es
FuThJ•raisin8 and publi¢ity
720.984
20237
466,878
179
36.953
1308.lj
1.541.393
7.532
144,800
105.565
142.518
YrJr¢ndr
Year endrd
31 Dxcmber 31 De¢tmber
2021
020
Staff tosts
W#gcs and 5alaTi
ial sccurity ¢0515
Employers PellS￿￿ thimbAifAJS
744.186
68.308
14.055
839,679
74,638
14,666
826,549
928.983
her costs
Premise5
M&ieri•l$
Misr¢ll¥n¢ous
149.301
381.975
180,047
204.959
145.520
504.010
711J23
Ye4r¢ndtyJ YeHr en
31 D￿rnber 31 D¢¢tmbcT
2021
The av¢Thg¢ of¢mploy* ¥￿￿Y$41 by fiLnc￿n w•>
Eduojiional service5
Manakyerneni and admini5rr¥i¥)n of theclwi
26
Dlrcrtors. ernol¥meDts •Thd tmpioyet iDfonN•liow:
In common wilh normal prdciice in ch￿1)es. ha5 paid ￿th￿dirEc￿T5 (who
are Eh¢ trusi¢es), excryi thJrby a swl di5PEnsJiion of the Charbry Commission. the ￿er direciD
apwOV￿ a pay￿￿t to th¢ Ch¢ef E￿￿1¢¥¢ Offw, Mr Pizw. of£51.968 (Year•thl 31 Dttentbor2020..
E61.007 forhi5s¢rvicesdurin8 the y￿. Noneof thr trvmecs have be￿ expE¥Ms durin8the
riod.
The number ofcmp1oyff5wh¢JsecmDluTh￿¢5 ¢x(¢*d £70.(thI thwin8thEyE&T was..
Yearendfyl
31 Ikcember 31 D￿EMber
20
No
No
£60.(th. £70.(
£70AXXI. £80.¢KKI
Deflntd Cootrib¥tlon Pensio• TI*D
Employer5 PCllSiQll ¢L￿tributIon costs ¢0 th¢ tkrwed Contri￿￿0￿ Potsioa Pl• athoun¢¢d w £14.055 12020
£14,666) and are 41]ocaied io activlties in prowrtll￿ w the TelDte41 staffing costs incurrul And are w)v)Ily rharged
unl¢Sili¢t¢d fwhjs.
19

SCIENC
Noitb to tht accovn
for ih
ded 31
& fixed •sieis
Exhibitiorl
buildin8
t¢lli and
tloorin
Co
Ai l Jaw 2021
Expenditijre in the ycaT
Dispos•ls
I09J33 1248.129
41.162
588240 1986.864
10.549
10.549
112,6(KJl
(12.6LK))
At 31 tk¢mber 2021
109.333
1348.129
2X.562
598.789 1.9A4.813
Deye¢•Ation
Ai l Janvary 2021
Charge for Ihcycar
Disposals
109J33 1245.440
Z.689
32,592
4.285
112.6(K))
572.105 1.959.47
13J63
20.237
112.6L¥JI
At 31 De¢ember X121
IWJ33 1248.129
24277
585,368 1.967.107
Nei y￿ue
At 31 (k¢emb¢r 2021
4285
13.421
17.706
Net ￿1￿¢
At 31 DecembEr 2020
.570
16,134
27,393
CApltal <ornrnilTnents
Th¢r¢ w¢r¢ rto Capital C47mmimK￿￿1u]lwJl￿%d ty ¢wtra2ted for at the b•l•n¢e slKddat
7. Slork vi•rk l* protrus
Yc4TcndtyJ Y¢ar
31 Ik£emb¢¥ 31 Dtttmber
202
Sto¢k
Work ID pmgwess
12.915
15230
12.915
15J36
8. Debt•rs
Ye4Tendrd YeaTeThJed
JI D￿rnbtr 31 fknnber
Trad¢ drbty
Othtrdebtot¥
12.
16JIKI
3.985
84.616
24,861
724
14J32
215
11.499
93.782
37.751
23.394
AmouThts recowcrable on cuntrJcts
Pr¢paymen¢$ ard
Orher tsx
152,754
207258
Tr above amowits aTr thbE within one)wof the hL•neesl*a d*.
20

JE
Note5 lo the A
lJll¢ for Iht
9. Credi¢ors: aJ••xDts f•Ui48 du¢ yur
Ytor cftd
Ycar cndcd
2021
2020
Bank overdraft5
Paytn¢nt5 on aCCOullt
Trade creditors
SLKi31 s¢currty othertsxe5
A¢¢Tuals and deferr¢d income
Oih#uediioTS
1,177
19J04
22570
33.344
2.970
42,332
48.666
37,613
30.948
4.086
79J65
163.645
10. L*•se￿mmIl￿tfitS
Yearended Year ende41
31 December 31 December
2021
2020
OpcMiThg lea5¢5 in rEspe¢l or1￿￿j aThJ t￿1￿1
Ajmunts payabk within oncyearin rry¢w of l¢ws ¢xpiwiry'.
Within one year
B¢fftett and fJv¢years
Ovtr fiv¢y¢8ts
108.631
85,(KX)
22,067
111107
l J. TrA#￿¢tIoNS ¢o•ternioE dir¢¢tors
l)unn8 thr pth(xl cts￿r¢d by th¢4¢coun￿ the ¢(rtbyny r¢ttivtsl suviees on normol trnding terms
from A1150p Bu5inw ScwvKe5 ID wbirh Mr R L Allsop h￿3 an itsltsEsl. al * C4)si of £24.440 {Year eThded 31
Dec¢mbEV 2020.. £29,991). Th¢JM0￿￿1 of outst*Min8b¥]anE¢ al the year￿d was É1380 {Yearended 31
December2020 É1.440).
12. C¥ll¢d yp ¥hare r4Pital
The cornpany is limittd by 8uaT*tee withwt shart capithl. EV￿ ￿ndertak￿ to ¢offlribtste
io the asseis orth¢ con4>Mny, in theev¢Ri of il iYin¥ up. amuuni ￿ may ￿ rt4uiwJ,
oi ¢xcteding £10.
21

IENCE PROJE
Notes to the accounts for tkt
r ended JI December 2021
13. U•rtstrirted and dtSigD*ted funds
Tor8]
tksigrbated Unr¢sty¢trd Unrc5tric
nds
fund
fund
Balantts broughi forward
t l January 2021
1.424.417 1.424,417
(Deficiiysurplusl in the year
(233.3031 {233.303)
Balances carried forward
at 31 December 2021
14. Restricted fuwds
Balance Movemeni tn resource5
l Janu
oirj
BaJanc¢
31 Dccem
2021
Thc A550ciation for Sci¢n¢¢ Dis¢overy Centr¢s
Easi Su55ex County Council
The ROY￿ Astronomical Socicry
The Scienc¢ and Technologies Facililies Council
Wealden Distrith Council
.985
700
600
17.431
8.985
71M)
17.431
31.216
31.216
All of ih¢ obove grants were in re5peci of 5UPPOrt for the Science centre covcring rcpair5 rcfurbL5hmEnL
support for educational prograrnTlleS and coniributions iowards Tunning ro$