| Contents | Page |
|---|---|
| Legal and Administrative Information | 3 |
| Report of the Trustees | 4-9 |
| Report of the IndependentAuditor | 10-12 |
| Statement ofFinancial Activities | 13 |
| Balance Sheet | 14 |
| Statement ofCash Flows | 15 |
| Notes forming part of the financial statements | 16-22 |
| Reference and administrative details | Reference and administrative details | |
|---|---|---|
| Charity number: | 298542 | |
| Companynumber: | 2186073 | |
| RegisteredOffice and | ||
| principal operational | ||
| address: | Unit I, Warren Street, Steventon, Basingstoke, RG25 3BL | |
| Directors and trustees | ||
| Trustees: | R L Allsop | |
| Dr J Bean | ||
| H Featherstone | ||
| S Pizzey | ||
| A Rumbold | (resigned 22nd August 2023) | |
| Dr S Wilkins | ||
| ChiefExecutiveOfficer: | S Pizzey | |
| Secretary : | R L Allsop | |
| Auditor | ||
| Alpha Accountants (London) | Ltd, 585A Fulham Road, London, SW6 5UA |
| Notes | Unrestricted | Restricted | Total funds | Total funds | |
|---|---|---|---|---|---|
| Funds | Funds | Year ended | Year ended | ||
| 31 December | 31 December | ||||
| 2022 | 2021 | ||||
| Income and expenditure | |||||
| Incoming resources | |||||
| Grants received | 14 | 11,089 | 1 1,089 | 31,216 | |
| Exhibit manufacture | 563,622 | 563,622 | 674,130 | ||
| Science Centre and Exhibition Hire | 508,596 | 508,596 | 341,199 | ||
| Other | 6,480 | 6,480 | 995 | ||
| SSP Rebate | 764 | 764 | |||
| Intereston deposits | 796 | 796 | 84 | ||
| Job RetentionScheme Income | 69,869 | ||||
| Total incomingresources | 1,080,258 | 11,089 | 1,091,347 | ||
| Resources expended | |||||
| Direct chantable expenditure | 2,14 | 1,193,722 | 11,089 | ||
| Fund-raising and publicity | 3 | 1,841 | 1,841 | 179 | |
| Governance costs | 4 | 132,958 | 132,958 | 142,518 | |
| Total resources expended | 5 | 1,328,521 | 11,089 | 1,339,610 | 1,350,796 |
| Net movementin funds | (248,263) | (248,263) | (233,303) | ||
| Balances brought forward | |||||
| at I January 2022 | |||||
| Balances carried forward | |||||
| at 31 December 2022 | 942,851 | 942,851 |
| Year ended | Year ended | ||||
|---|---|---|---|---|---|
| 31 December | 31 December | ||||
| Notes | 2022 | 2021 | |||
| FIXED ASSETS | 6 | 3,583 | 17,706 | ||
| CURRENT ASSETS | |||||
| Stock and work in progress | 7 | 1 6,281 | 12,915 | ||
| Debtors | 8 | 159,928 | 152,754 | ||
| Cash at bank and in hand | 847,593 | 1,087,104 | |||
| I ,252,773 | |||||
| CREDITORS | |||||
| Amounts falling due | |||||
| within one year | 9 | (84,534) | (79,365) | ||
| NET CURRENT ASSETS | 939,268 | ||||
| Total assets less current liabilities | 942,851 | 14 | |||
| CREDITORS: Amounts falling due | |||||
| after more than one year | 10 | ||||
| 942,851 | |||||
| NET ASSETS | |||||
| FUNDS | |||||
| Unrestrictedincome funds | |||||
| General funds | 13 | 942,851 | |||
| Designated funds | 13 | ||||
| Total unrestricted funds | 942,851 | ||||
| Restricted funds | |||||
| TOTALFUNDS | 942,851 |
| Note | Yearended | Year ended | |
|---|---|---|---|
| 31 December | 31 December | ||
| 2022 | 2021 | ||
| Cash flows from operating activities: | |||
| Net cash generated from operating activities | 1 | (238.037) | (240506) |
| Cash flows from investing activities: | |||
| Interest from investments | 796 | 84 | |
| Purchase of plant and equipment | (2,270) | (10,549) | |
| Net cash used in investing activities | (1.474) | (10.465) | |
| Increase/(decrease) in cash and cash equivalents in the year |
(239,511) | (250,971) | |
| Cash and cash equivalents at the beginning oftheyear | |||
| Cash and cash equivalents at theend of the year | 2 | 847 593 | 1 087 104 |
| Notes to the cash flow statement |
| 1 | Reconciliation of the netincome to net cash flow generated from | ||
|---|---|---|---|
| operating activities | Year ended | Year ended | |
| 31 December | 31 December | ||
| 2022 | 2021 | ||
| Net income for the year | (248,263) | (233,303) | |
| Adjustments for: | |||
| Depreciation charges | 16,393 | 20,237 | |
| Interestfrom investments | (796) | ||
| Decrease/(lncrease) in stocks | (3,366) | 2,421 | |
| Decrease/(lncrease) in debtors | (7 , 174) |
54,503 | |
| Increase//(Decrease) in creditors | 5.169 | (84.280) | |
| Net cash provided by operating activities | (238.037) | (240.506) | |
| 2 | Analysis ofcash and cash equivalents | ||
| Year ended | Year ended | ||
| 31 December | 31 December | ||
| 2022 | 2021 | ||
| Cash in hand | 179,310 | 199,024 | |
| Notice deposits (less than 3 months) | 668 283 | 888 080 | |
| Total cash and cash equivalents | 847 593 | 1 087 104 |
| 2. Direct charitable expenditure | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | |
| Year ended | Year ended | |||
| 31 December | 3 1 December | |||
| Funds | Funds | 2022 | 2021 | |
| Provision ofeducational services | ||||
| Exhibit manufacture | 671,130 | 671,130 | 800,364 | |
| Science centre and exhibition hire | 519,853 | 11,089 | 530,942 | 397,050 |
| ScienceWorks | 2,739 | 2,739 | 10,685 | |
| 1 193,722 | 11,089 | 1,208,099 | ||
| 3. Fund-raising and publicity |
||||
| Fund-raising | ||||
| Publicity | 1,841 | 1,841 | 179 | |
| 1,841 | 1,841 | 179 | ||
| 4. Governance costs | ||||
| Salaries and office costs | 102 , |
105,565 | ||
| Legal and professional fees | 19,814 | 19,814 | 26,453 | |
| Audit fees | 10,500 | 10,500 | 10,500 | |
| 132,958 | 132,958 | 142,518 |
| 5. Total resources expended | |||||
|---|---|---|---|---|---|
| Year ended | Year ended | ||||
| 31 December | 31 December | ||||
| Staff costs Depreciation | Other costs | Total 2022 | Total 2021 | ||
| Educational services | 679,365 | 16,393 | 509,053 | 1,208,099 | |
| Fund-raising and publicity | 1,841 | 1 ,841 | 179 | ||
| Governance costs | 102,644 | 30,314 | 132,958 | 142,518 | |
| 782 009 | 16 393 | 541 208 | 1 339 610 | 1 350 796 | |
| Year ended | Year ended | ||||
| 31 December | 31 December | ||||
| 2022 | 2021 | ||||
| Staff costs | |||||
| Wages and salaries | 706,585 | 744,186 | |||
| Social security costs | 63,399 | 68,308 | |||
| Employers pension contributions | 12,025 | 14,055 | |||
| 782,009 | 826,549 | ||||
| Other costs | |||||
| Premises | 160,572 | 153.531 | |||
| Materials | 170.859 | 204,959 | |||
| Miscellaneous | 209,777 | 145,520 | |||
| 541,208 | 504,010 | ||||
| Year ended | Yearended | ||||
| 31 December | 31 December | ||||
| 2022 | 2021 | ||||
| The average number ofemployees, analysed by function was: | |||||
| Educational services | 33 | 26 | |||
| Management and administrationOfthe charity | 4 | 4 | |||
| 37 | 30 |
| Year ended | Year ended | |
|---|---|---|
| 31 | December | 31 December |
| 2022 | 2021 | |
| No | No |
| E60,OOO | - | €70,000 |
|---|---|---|
| €70,000 | - | E80,OOO |
| 6. Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Exhibition | |||||
| building | |||||
| tent and | Motor | ||||
| flooring | Exhibits | vehicles | Equipment | Total | |
| Cost | |||||
| At I January 2022 | 109,333 | 1,248,129 | 28,562 | 598,789 | |
| Expenditure in the year | 2,270 | 2,270 | |||
| Disposals | |||||
| At 31 December 2022 | 109,333 | 1,248,129 | 28,562 | 601,059 | 1,987,083 |
| Depreciation | |||||
| At 1 January 2022 | 109,333 | 1,248,129 | 24,277 | 585,368 | |
| Charge for the year Disposals |
4,285 | 12,108 | 16,393 | ||
| At 31 December 2022 | 109,333 | 1,248,129 | 28,562 | 597,476 | 1,983,500 |
| Net book value | |||||
| At 31 December 2022 | 3,583 | 3,583 | |||
| Net book value | |||||
| At 31 December 2021 | 4,285 | 13,421 | 17,706 |
| 7. Stock and work in progress | ||||
|---|---|---|---|---|
| Yearended | Year ended | |||
| 31 | December | 31 | December | |
| 2022 | 2021 | |||
| Stock | 16,281 | 12,915 | ||
| Work in progress | ||||
| 16,281 | 12,915 | |||
| 8. Debtors | ||||
| Year ended | Year ended | |||
| 3 1 | December | 31 | December | |
| 2022 | 2021 | |||
| Trade debtors | 32,274 | 12,068 | ||
| Other debtors | 26,500 | 26,500 | ||
| Retentions | 3,985 | |||
| Amounts recoverableon contracts | 81,019 | 84,616 | ||
| Prepayments and accrued income | 19,401 | 24,861 | ||
| Other taxes | 734 | 724 | ||
| 159,928 | 152,754 |