| Contents | Page |
|---|---|
| Legal and Administrative Information | 3 |
| Report Of the Trustees | 4-10 |
| Report of the Independent Auditor | 11-13 |
| Statement ofFinancial Activities | 14 |
| Balance Sheet | 15 |
| Statement ofCash Flows | 16 |
| Notes forming part of the financial statements | 17-23 |
| Charity number: | 298542 | |
|---|---|---|
| Company number: | 2186073 | |
| Registered Office and | ||
| principal operational | ||
| address: | Unit I, Warren | Street, Steventon, Basingstoke, RG25 3BL |
| Directorsand trustees | ||
| Trustees: | R L Allsop | |
| Dr J Bean | (resigned 16th October 2023) | |
| H Featherstone | ||
| S Pizzey | ||
| A Rumbold | (resigned 22nd August 2023) | |
| Dr S Wilkins | ||
| Chief Executive Officer: | A Rumbold | (Interim) |
| Secretary : | R L Allsop |
| Notes | Unrestricted | Restricted | Total funds | Total funds | |
|---|---|---|---|---|---|
| Funds | Funds | Year ended | Year ended | ||
| 31 December | 31 December | ||||
| 2023 | 2022 | ||||
| Income and expenditure | |||||
| Incomingresources | |||||
| Grants received | 14 | 125,000 | 53,061 | 178,061 | 11,089 |
| Exhibit manufacture | 378,299 | 378,299 | 563,622 | ||
| Science Centre and Exhibition Hire | 603,860 | 603,860 | 508,596 | ||
| Other | 293 | 293 | |||
| SSP Rebate | 764 | ||||
| Interest on deposits | 6,525 | 6,525 | 796 | ||
| Surrender of lease | 50,000 | 50,000 | |||
| Total incoming resources | 1,163,977 | 53,061 | 1,217,038 | 1,091,347 | |
| Resources expended | |||||
| Direct charitable expenditure | 2, 14 | 1,160,234 | 14 | ||
| Fund-raising and publicity | 3 | 2,857 | 2,857 | 1,841 | |
| Govemance costs | 4 | 126,354 | 126,354 | 132,958 | |
| Total resources expended | 5 | 1,289,445 | 48,114 | 1,337,559 | 1,339,610 |
| Net movement in funds | (125,468) | 4,947 | (120,521) | (248,263) | |
| Balances brought forward | 942,851 | 942,851 | 14 | ||
| at I January 2023 | |||||
| Balances carried forward | |||||
| at 31 December 2023 | 817,383 | 4,947 | 822,330 | 942,851 |
| Year ended | Year ended | ||||
|---|---|---|---|---|---|
| 31 December | 3 1 December | ||||
| Notes | 2023 | 2022 | |||
| FIXED ASSETS | 6 | 67,899 | 3,583 | ||
| CURRENT ASSETS | |||||
| Stock and work in progress | 7 | 20,891 | 16,281 | ||
| Debtors | 8 | 103,824 | 159,928 | ||
| Cash at bank and in hand | 726,089 | 847,593 | |||
| 850,804 | 1,023,802 | ||||
| CREDITORS | |||||
| Amounts falling due | |||||
| within one year | 9 | (96,373) | (84,534) | ||
| NET CURRENT ASSETS | 754,43 1 | 939,268 | |||
| Total assets less current liabilities | 822,330 | 942,851 | |||
| CREDITORS: Amounts falling due | |||||
| after more than one year | 10 | ||||
| 822,330 | 942,851 | ||||
| NET ASSETS | |||||
| FUNDS | |||||
| Unrestrictedincome funds | |||||
| General funds | 13 | 817,383 | 942,851 | ||
| Designated funds | 13 | ||||
| Total unrestricted funds | 817,383 | 942,851 | |||
| Restricted funds | 14 | 4,947 | |||
| TOTAL FUNDS | 822,330 | 942,851 |
| Note | Year ended | Year ended | ||
|---|---|---|---|---|
| 3 1 December | 31 December | |||
| 2023 | 2022 | |||
| Cash flows from operating activities: | ||||
| Net cash generated from operating activities | (59.658) | (238.037) | ||
| Cash flows from investing activities: | ||||
| Interestfrom investments | 6,525 | 796 | ||
| Purchase of plant and equipment | (68,371) | (2,270) | ||
| Net cash used in investing activities | (61$46) | (1.474) | ||
| Increase/(decrease) in cash and cash equivalents | in the year | (121,504) | (239,511) | |
| Cash and cash equivalents at the beginning of the year | 847 ,593 | 1,087,104 | ||
| Cash and cash equivalents at the end of theyear | 2 | 726 089 | 847 593 | |
| Notes to the cash flow statement |
| I | Reconciliation of the net | Reconciliation of the net | income to net cash flow generated from | ||
|---|---|---|---|---|---|
| operating activities | Year ended | Year ended | |||
| 3 1 December | 31 December | ||||
| 2023 | 2022 | ||||
| Net income for the | year | (120,521) | (248,263) | ||
| Adjustments for: | |||||
| Depreciation charges | 4,055 | 16,393 | |||
| Interestfrom investments | (6,525) | (796) | |||
| Decrease/(lncrease) | in stocks | (4,610) | (3,366) | ||
| Decrease/(lncrease) | in debtors | 56,104 | (7,174) | ||
| Increase/(Decrease) | in creditors | 11 839 | 5 169 | ||
| Net cash providedby operating activities | (59,658) | (238.037) | |||
| 2 | Analysis of cash and cash equivalents | ||||
| Year ended | Year ended | ||||
| 31 December | 31 December | ||||
| 2023 | 2022 | ||||
| Cash in hand | 51,175 | 179,310 | |||
| Notice deposits (less | than | 3 months) | 674914 | 668 283 | |
| Total cash and cash equivalents | 726 089 | 847 593 |
| Leasehold buildings | |
|---|---|
| Exhibition tent and flooring | 25% |
| Exhibits | 20% |
| Other equipment | 10-50% |
| Motorvehicles | 25% |
| 2. Direct charitable expenditure | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | |
| Year ended | Year ended | |||
| 31 December | 31 December | |||
| Funds | Funds | 2023 | 2022 | |
| Provision of educational services | ||||
| Exhibit manufacture | 580,262 | 580,262 | 671,130 | |
| Science centre and exhibition hire | 578,967 | 48,114 | 627,081 | 530,942 |
| ScienceWorks | I ,005 | 1,005 | 2,739 | |
| 1,160,234 | 48,114 | 1,208,348 | 1,204,811 | |
| 3. Fund-raising and publicity | ||||
| Fund-raising | ||||
| Publicity | 2,857 | 2,857 | 1,841 | |
| 2,857 | 2,857 | 1,841 | ||
| 4. Governance costs | ||||
| Salaries andoffice costs | 64,017 | 017 | 102,644 | |
| Legal and professional fees | 51,837 | 51,837 | 19,814 | |
| Audit fees | 10,500 | 10,500 | 10,500 | |
| 126,354 | 126,354 | 132,958 |
| 5. Total resources expended | |||||
|---|---|---|---|---|---|
| Year ended | Year ended | ||||
| 31 December | 31 December | ||||
| Staffcosts Depreciation | Other costs | Total 2023 | Total 2022 | ||
| Educational services | 677,008 | 4,055 | 527,285 | ||
| Fund-raising and publicity | 2,857 | 2,857 | 1,841 | ||
| Governance costs | 64,017 | 62,337 | 126,354 | 132,958 | |
| 741.025 | 4 055 | 592 479 | 1 337 559 | 1 339 610 | |
| Year ended | Year ended | ||||
| 31 December | 31 December | ||||
| 2023 | 2022 | ||||
| Staffcosts | |||||
| Wages and salaries | 674,961 | 706,585 | |||
| Social security costs | 55,394 | 63,399 | |||
| Employers pension contributions | 10,670 | 12,025 | |||
| 741 ,025 | 782,009 | ||||
| Other costs | |||||
| Premises | 172,093 | 160,572 | |||
| Materials | 94,616 | 170,859 | |||
| Miscellaneous | 325,770 | 209,777 | |||
| 592,479 | 541,208 | ||||
| Year ended | Year ended | ||||
| 31 December | 31 December | ||||
| 2023 | 2022 | ||||
| The averagenumber of employees, analysed by function was: | |||||
| Educational services | 32 | 33 | |||
| Management and administration ofthe charity | 3 | 4 | |||
| 35 | 37 |
| Year ended | Year ended | ||||
|---|---|---|---|---|---|
| 31 | December | 31 December | |||
| 2023 | 2022 | ||||
| No | No | ||||
| €60,000 | - | €70,000 | 2 | ||
| - | 180,000 |
| 6. Tangiblefixed assets | |||||
|---|---|---|---|---|---|
| Exhibition | |||||
| building | |||||
| tent and | Motor | ||||
| flooring | Exhibits | vehicles | Equipment | Total | |
| Cost | |||||
| At I January 2023 | 109,333 | 1,248,129 | 28,562 | 601,059 | 1,987,083 |
| Expenditure in the year | 68,371 | 68,371 | |||
| Disposals | |||||
| At 31 December 2023 | 109,333 | 1,248,129 | 28,562 | 669,430 | 2,055,454 |
| Depreciation | |||||
| At I January 2023 | 109,333 | 1,248,129 | 28,562 | 597,476 | 1,983,500 |
| Charge for the year | 4,055 | 4,055 | |||
| Disposals | |||||
| At 31 December 2023 | 109,333 | 1,248,129 | 28,562 | 601,531 | 1,987,555 |
| Net book value | |||||
| At 31 December 2023 | 67,899 | 67,899 | |||
| Net book value | |||||
| At 31 December 2022 | 3,583 | 3,583 |
| 7. Stock and work in progress | ||
|---|---|---|
| Year ended | Year ended | |
| 31 December | 31 December | |
| 2023 | 2022 | |
| Stock | 20,724 | 16,281 |
| Work in progress | 167 | |
| 20,891 | 16,281 | |
| 8. Debtors | ||
| Year ended | Year ended | |
| 31 December | 31 December | |
| 2023 | 2022 | |
| Trade debtors | 3,935 | 32,274 |
| Other debtors | 23,688 | 26,500 |
| Retentions | ||
| Amounts recoverable on contracts | 40,644 | 81,019 |
| Prepayments and accrued income | 35,303 | 19,401 |
| Other taxes | 254 | 734 |
| 103,824 | 159,928 |
| 9. Creditors: amounts falling due within one | year | |
|---|---|---|
| Year ended | Year ended | |
| 31 December | 31 December | |
| 2023 | 2022 | |
| Bank overdrafts | 5,322 | 77 |
| Payments on account | 24,647 | 1,890 |
| Trade creditors | 12,403 | 15,486 |
| Social security and other taxes | 23,442 | 41,614 |
| Accruals and deferredincome | 27,947 | 23,124 |
| Other creditors | 2,612 | 2,343 |
| 96,373 | 84,534 |
| IO. Lease commitments | ||
|---|---|---|
| Year ended | Year ended | |
| 31 December | 31 December | |
| 2023 | 2022 | |
| The totalof future lease payments under non-cancellable | ||
| operating leases for each of the following periods: | ||
| Within one year | 82,862 | 62,638 |
| Between two and five years | 259,016 | 26,940 |
| Over five years | ||
| 341,878 | 89,578 |
| 13. Unrestricted and designated funds |
|||
|---|---|---|---|
| Other | Total | ||
| Designated | Unrestricted | Unrestricted | |
| funds | funds | ||
| Balances brought forward | |||
| at 1 January 2023 | 942,851 | 942,851 | |
| (Deficit)/Surplus/ in the year | (125,468) | (125,468) | |
| Balances carried forward | |||
| at 31 December 2023 | 817,383 | 817,383 |
| 14. | Restricted funds | ||||
|---|---|---|---|---|---|
| Balance | Movement | in resources | Balance | ||
| I January | Incoming | Outgoing | 31 December | ||
| 2023 | 2023 | ||||
| The | Association for Science and Discovery Centres | 6,061 | 2,419 | 3,642 | |
| The | Wolfson Foundation | 47,000 | 45,695 | 1,305 | |
| 53,061 | 48, 1 14 | 4,947 |