| Contents | Page |
| Legal and Administrative Information | 3 |
| Report of the Trustees | 4 |
| Report of the IndependentAuditor | 8 |
| Statement of Financial Activities | 11 |
| Balance Sheet | 12 |
| Statement of Cash Flows | 13 |
| Notes forming part of the financial statements | 14-20 |
| Notes | Unrestricted | Restricted | Total funds | Total funds | Total funds | |
|---|---|---|---|---|---|---|
| Funds | Funds | Year ended | Year ended | |||
| 31 December | 31 December | |||||
| 2024 | 2023 | |||||
| Income and expenditure | ||||||
| Incoming resources | ||||||
| Grants received | 14 | 12,335 | 12,335 | 178,061 | ||
| Exhibit manufacture | 647,649 | 647,649 | 378,299 | |||
| ScienceCentre and Exhibition | Hire | 605,656 | 605,656 | 603,860 | ||
| Other | 45 | 45 | 293 | |||
| Interest on deposits | 9,444 | 9,444 | 6,525 | |||
| Surrender of lease | 50,000 | |||||
| Total incoming resources | 1,275,129 | 1 | 129 | 1,217,038 | ||
| Resources expended | ||||||
| Direct charitable expenditure | 2,14 | 1,246,380 | 4,947 | 1 | ,251 ,327 | |
| Fund-raising and publicity | 3 | 24,325 | 24,325 | 2,857 | ||
| Governance costs | 4 | 94 ,899 |
94,899 | 126,354 | ||
| Total resources expended | 5 | 1,365,604 | 4,947 | 1,337,559 | ||
| Net movement in funds | (90,475) | (4,947) | (95,422) | (120,521) | ||
| Balances brought forward | 817,383 | 4,947 | 822,330 | 822,330 | ||
| at 1 January 2024 | ||||||
| Balances carried forward | ||||||
| at 31 December2024 | 726,908 | 726,908 | 822,330 |
| Year ended | Year ended | ||||
|---|---|---|---|---|---|
| 31 December | 31 December | ||||
| Notes | 2024 | 2023 | |||
| FIXED ASSETS | 6 | 74,930 | 67,899 | ||
| CURRENTASSETS | |||||
| Stock and work in progress Debtors |
7 8 |
19,777 114,762 |
20,891 103,824 |
||
| Cash at bank and in hand | 597,481 | 726,089 | |||
| 732,020 | 850,804 | ||||
| CREDITORS | |||||
| Amounts falling due | |||||
| within one year | 9 | 80,042 | 96,373 | ||
| NET CURRENTASSETS | 651 ,978 | 754,431 | |||
| Total assets less current liabilities | 726,908 | 822,330 | |||
| CREDITORS: Amounts falling | due | ||||
| after more than one year | 10 | ||||
| 726,908 | 822,330 | ||||
| NET ASSETS | |||||
| FUNDS | |||||
| Unrestricted income funds | |||||
| General funds | 13 | 726,908 | 817,383 | ||
| Designated funds | 13 | ||||
| Total unrestricted funds | 726,908 | 817,383 | |||
| Restrictedfunds | 14 | 4,947 | |||
| TOTAL FUNDS | 726,908 | 822,330 |
| Note | Year ended | Yearended | |
|---|---|---|---|
| 31 December | 31 December | ||
| 2024 | 2023 | ||
| Cash flows from operating activities: | |||
| Net cash generated from operating activities | 1 | (111.871) | (59.658) |
| Cash flows from investing activities: | |||
| Interest from investments | 9,489 | 6,525 | |
| Purchase of plant and equipment | (26,226) | ((68,371) | |
| Net cash used in investing activities | (16,737) | (61.846) | |
| Increase/(decrease) in cash and cash equivalents in the year | (128,608) | (121,504) | |
| Cash and cash equivalents at the beginning of the year | 726,089 | 847,593 | |
| Cash and cash equivalents at the end of the year | 2 | 5971481 | 726.089 |
| Notes to the cash flow statement |
| 1 | Reconciliation of the netincome to net cash flow generated from | Reconciliation of the netincome to net cash flow generated from | |
|---|---|---|---|
| operating activities | Year ended | Year ended | |
| 31 December 31 December | |||
| 2024 | 2023 | ||
| Net income for the year | (95,422) | (120,521) | |
| Adjustments for: | |||
| Depreciation charges | 19,195 | 4,055 | |
| Interest from investments | (9,489) | (6,525) | |
| Decrease/(lncrease) in stocks |
1,114 | (4,610) | |
| Decrease/(lncrease) in debtors Increase/(Decrease) in creditors Net cash provided by operating activities |
(10,938) (16.331) (111. 871) |
56,104 1 1.839 (59,658) |
|
| 2 | Analysis of cash and cash equivalents | ||
| Year ended | Year ended | ||
| 31 December 31 December | |||
| 2024 | 2023 | ||
| Cash in hand | 46,148 | 51,175 | |
| Notice deposits (less than 3 months) Total cash and cash equivalents |
551 333 597 481 |
674 914 726 089 |
| Leasehold buildings | |
|---|---|
| Exhibition tent and flooring | 25% |
| Exhibits | 20% |
| Other equipment | 10-50% |
| Motor vehicles | 25% |
| Unrestricted | Restricted | Total funds | Total funds | ||
|---|---|---|---|---|---|
| Funds | Funds | Year ended | Year ended | ||
| 31 December | 31 December | ||||
| 2024 | 2023 | ||||
| Provision of educational services | |||||
| Exhibit manufacture | 624,119 | 624,119 | 580,262 | ||
| Science centre and exhibition | hire | 622,262 | 4,947 | 627,209 | 628,086 |
| 1,246,381 | 1,251,328 | ||||
| 3. Fund-raising and publicity | |||||
| Fund-raising | |||||
| Publicity | 24,325 | 24,325 | 2,857 | ||
| 24,325 | 24,325 | 2,857 | |||
| 4. Governance costs | |||||
| Salaries and office costs | 82,999 | 82,999 | 64,017 | ||
| Legal and professional fees | 51 ,837 | ||||
| Audit fees | 12,000 | 12,000 | 10,500 | ||
| 94,899 | 94,899 | 126,354 |
| 5. Total resources expended | |||||
|---|---|---|---|---|---|
| Year ended | Yearended | ||||
| 31 December | 31 December | ||||
| Staffcosts. | Depreciation | Other | Total 2024 | Total 2023 | |
| Educational services | 733,896 | 19,195 | 498,236 | 1,251,327 | |
| Fund-raising and publicity | 24,325 | 24,325 | 2,857 | ||
| Governance costs | 61 ,208 | 33,691 | 94,899 | 126,354 | |
| 795 104 | 19 195 | 556252 | 1 370 551 | 1 337 559 | |
| Year ended | Year ended | ||||
| 31 December | 31 December | ||||
| 2024 | 2023 | ||||
| Staff costs | |||||
| Wages and salaries | 727,724 | 674,961 | |||
| Social security costs | 55,014 | 55,394 | |||
| Employers pension contributions | 12,366 | 10,670 | |||
| 795,104 | 741 ,025 | ||||
| Other costs | |||||
| Premises | 110,214 | 172,093 | |||
| Materials | 325,317 | 94,616 | |||
| Miscellaneous | 120,721 | 325,770 | |||
| 556,252 | 592,479 | ||||
| Year ended | Year ended | ||||
| 31 December31 December | |||||
| 2024 | 2023 | ||||
| The average number of employees, analysed by | function was: | ||||
| Educational services | 35 | 32 | |||
| Management and administration of the charity | 3 | 3 | |||
| 38 |
| The num | b | er of employees whoseemolument | s exceeded E60,000 during the year was: | |
|---|---|---|---|---|
| Year ended | Year ended | |||
| 31 December31 December | ||||
| 2024 | 2023 | |||
| No. | No. | |||
| E60,ooo | - | E70,ooo | 2 | 2 |
| 6. Tangible fixed assets | ||||||
|---|---|---|---|---|---|---|
| Exhibition | ||||||
| building | ||||||
| tent and | Motor | |||||
| floorinq | Exhibits | vehicles | Equipment | Total | ||
| Cost | ||||||
| At 1 January2024 | 125,514 | 1,243,192 | 28,562 | 658,186 | 2,055,454 | |
| Expenditure in the year | 363 | 25,863 | 26,226 | |||
| At 31 December 2025 | 125,514 | 1,243,555 | 28,562 | 684,049 | 2,081,680 | |
| Depreciation | ||||||
| At 1 January 2024 | 125,514 | 1 | 192 | 28,562 | 590,287 | 1,987,555 |
| Charge for the year | 91 | 19,104 | 19,195 | |||
| At 31 December2024 | 125,514 | 28,562 | 609,391 | |||
| Net book value | ||||||
| At 31 December2024 | 272 | 74,658 | 74,930 | |||
| Net book value | ||||||
| At 31 December 2023 | 67,899 | 67,899 |
| 7. Stock and work in progress | ||
|---|---|---|
| Year ended | Year ended | |
| 31 December | 31 December | |
| 2024 | 2023 | |
| Stock | 16,773 | 20, 724 |
| Work in progress | 3,004 | 167 |
| 19,777 | 20,891 | |
| 8. Debtors | ||
| Year ended | Year ended | |
| 31 December | 31 December | |
| 2024 | 2023 | |
| Trade debtors | 39,931 | 3,935 |
| Otherdebtors | 23,688 | 23,688 |
| Amountsrecoverable on contracts | 20, 145 | 40,644 |
| Prepayments and accrued income | 30,998 | 35,303 |
| Othertaxes | 254 | |
| 114,762 | 103,824 |
| 9. Creditors: amounts falling due within one year | ||
|---|---|---|
| Year ended | Year ended | |
| 31 December | 31 December | |
| 2024 | 2023 | |
| Bank overdrafts | 5,322 | |
| Payments on account | 29,078 | 24,647 |
| Trade creditors | 11,138 | 12,403 |
| Social securityand other taxes | 20,518 | 23,442 |
| Accruals and deferred income | 16,469 | 27,947 |
| Othercreditors | 3,199 | 2,612 |
| 80,042 | 96,373 |
| 10. Leasecommitments | ||
|---|---|---|
| Year ended | Year ended | |
| 31 December | 31 December | |
| 2024 | 2023 | |
| The total offuture lease payments undernon-cancellable | ||
| operating leases for each of the following periods: | ||
| Within one year Between two and five years Over five years |
82,860 176,152 |
82,862 259,016 |
| 259,012 | 341 ,878 |
| 13. Unrestricted and designated funds | |||
|---|---|---|---|
| Other | Total | ||
| DesignatedUnrestricted | Unrestricted | ||
| funds | funds | funds | |
| Balances broughtforward | |||
| at 1 January2024 | 817,383 | 817,383 | |
| (Deficit)/Surplus/ in the year | (90,475) | (90,475) | |
| Balances carried forward | |||
| at 31 December2024 | 726,908 | 726,908 |
| 14. | Restricted funds | ||||
|---|---|---|---|---|---|
| Balance | Movement in resources | Balance | |||
| 1 | January | Incoming | Qutggjng | 31 December | |
| 2024 | 2024 | ||||
| The | Association for Science and Discovery Centres | 3,642 | 3,642 | ||
| The | Wolfson Foundation | 1 ,305 | 1,305 | ||
| 4,947 | 4,947 |