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|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|
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||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|
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|Leasehold buildings||
|---|---|
|Exhibition tent and flooring|25%|
|Exhibits|20%|
|Other equipment|10-50%|
|Motor vehicles|25%|
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|||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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||