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2023-12-31-accounts

SCIENTIFIC INSTRUMENT SOCIETY Report to the Charity Commission

2023

1. INTRODUCTION

OBJECTS

In the interest of the public benefit and education, the objects of the Society are the promotion and advancement of the knowledge of the history of scientific artifacts and their preservation.

POLICIES

The main policy of the Society is to provide the infrastructure to gain its objectives and in approved cases to provide financial assistance by which its members and others may benefit in some aspect of their activities whilst helping to achieve the objects of the Society.

To achieve this overall policy, the Society maintains a worldwide membership, issues the Bulletin of the Scientific Instrument Society, holds regular meetings and conferences, and contributes where appropriate to debate on issues concerning the objects of the Society. In terms of direct financial benefits, membership for students is subsidised and grants are made to individuals for research work related to the Society's aims.

GOVERNANCE

The society was formed in 1983 and is a registered UK charity, number 326733. It is regulated by a written constitution last amended in 2022 (to include this clause in 8.2 Should there be no other volunteers or nominations for one of the three time-limited positions, then that person may, should they so wish, remain in that position for the following year subject to approval at the AGM ). The appointment and induction of new trustees is carried out as appropriate to the needs and best interests of the society.

ORGANISATION

The controlling body of the Society is its Committee in which several members hold designated posts (e.g. Treasurer) and which includes up to seven ordinary members of the Society. Elected Members of the Committee are the Trustees of the Society during their terms of office. (The Committee may co-opt other members of the society but these co-opted members are not Trustees of the Charity.) There is an Executive Officer responsible for the day-to-day administration of the Society; this post is provided under contractual terms and is reviewed annually. No member of the Committee receives any remuneration for services to the Society but expenses may be paid in approved instances.

ACCOUNTING

The Society is not obliged to have a full audit of the accounts, and therefore the Committee has chosen to have the accounts examined. For this year the examination was carried out by Hunter & Co. Chartered Accountants.

Accountant Hunter & Co. Chartered Accountants 415 Blackburn Road, Bolton, BL1 8NJ

Bankers Lloyds Bank plc, Commercial Banking, P.O. Box 1000, BX1 1LT

2. REVIEW OF ACTIVITIES

ANNUAL GENERAL MEETING

Page 1 of 4

Charity Report 2023

The 40[th] Annual General Meeting was held on Saturday 15[th] July 2023 at 12.30pm at The British Optical Association Museum, 42 Craven Street, London WC2N 5NG and via Zoom.

The following elections were made:

Officers Chairman Neil Handley Vice Chairman David Howarth Treasurer David Howarth Editor Willem Hackmann Secretary Alison Boyle Meetings Secretary Louise Devoy Grants Stephen Burt

Ordinary Committee Members

Nicolás de Hilster (Website); Michael Stewart (Advertising and Marketing), Alex Rose

OTHER MEETINGS

The Annual Summer Study Tour took place in mid-May in Boston and New England, USA, thanks to the help of local members, Sara Schechner and Ken Launie at Harvard, and Rich Kremer at Dartmouth College, New Hampshire. 20 delegates from the UK, Canada, Denmark, Italy and the Netherland as well as more local members from the US enjoyed a fabulous week of behind-the-scenes visits to university collections, historic observatories, horological collections and navigational collections that really showed the breadth and quality of instruments available in the region.

The Society’s AGM took place on Saturday 15[th] July at at 12.30pm at The British Optical Association Museum, 42 Craven Street, London WC2N 5NG and via Zoom. It was attended by 22 people (9 on Zoom) The meeting was followed by a curator-led tour of the museum by the incoming Chair Neil Handley.

The Society continued with the monthly online lecture series for our members ‘Fireside Chats’, which proved to be a great way to stay connected with our international members. Seven talks took place with approximately 30-40 members attending each event. Our speakers spoke on a range of topics including Russian exploration and British navigational instruments in the beginning of the 19th century, Restoring Scientific Instruments, Rare Masters of Nuremberg Ivory Diptych Dials and Creating digital records on shared public storage,

On Friday 3th November the Society’s 11[th] Gerard Turner Memorial Lecture in honour of the Society’s first President and founding Chairman took place at the Royal Automobile Club in London, a fitting venue to celebrate the Society’s Ruby Jubilee.

This attracted an audience of 16 people to hear guest speaker Bert Degenaar, founding member and wellknown collector based in the Netherlands. 20 attended in person and it was also live streamed on Zoom.

MEMBERSHIP

The annual membership subscriptions for the year 2023 were increased by 14% in order to keep pace with inflation:

Residence in UK £63.00 (Family £72.00) Residence in Europe £80.00 (Family £86.00 Residence in Rest of World £86.00/$124 (Family £91.00/$132) Student rate £23.00 in UK & £36.00/$53 elsewhere

There were 368 members as at 31 December 2023, a small decrease on last year.

Page 2 of 4

Charity Report 2023

THE SIS BULLETIN

Four issues of the Bulletin were published on time during the year. This continues to be the Society’s main vehicle for achieving its objectives.

THE WEBSITE

The website continued to be developed as an increasingly important vehicle of communication.

RESEARCH GRANTS

The Society has agreed as a means of furthering its objectives to award a number of grants to assist research in its field of study on a regular basis. Details were published in the Bulletin, on the website and by direct communications to academic departments. 13 applications were received and 4 awards were made for the 2023 awards. Grants are paid when applicants have carried out the relevant work but are accrued to our accounts at the time the application is approved. 3 were paid this year.

SUPPORT FOR PUBLICATIONS

The Society has a policy of making advance purchases, on behalf of members, of important reference works which can secure the publication of specialised works In 2023 no purchases were made.

3. FINANCIAL RESERVES

The Society has no income from investments as such but has sums deposited in an interest-bearing savings account. This capital acts as a source for charitable activities and a reserve against uncertainties. The Society is not active in 'fund-raising' but receives small donations from time to time. Conferences are essentially self-supporting and any surplus is directed to furthering the Society’s objectives.

The Society supports student membership at reduced rates and seeks to promote specific items to achieve its aims rather than the general distribution of its charitable assets. Thus sums are made available from time to time for research, publications, etc., all requiring such sums to be available when required.

The reserves policy may therefore be stated as the maintenance of sums on deposit to provide a source for major charitable activities and a reserve against uncertainties, any income from which is directed towards the running costs of the Society. Figures given for levels of reserves relate only to that money which is currently available for use by the trustees. As at 31 December 2023 the Society's net unrestricted funds amounted to £27,078.

4. RISK ASSESSMENT

A full risk assessment was carried out during 2008. The Committee reviews this on an annual basis and is once again able to confirm that the few risks to which the charity is exposed have been identified and suitable precautions are in existence.

5. ADMINISTRATION

The Committee met on five occasions during the year.

Our Executive Officer for the past 6 years has been Mrs. Sarah Cavalier. All enquiries should be addressed to: The Scientific Instrument Society, The Old School House, School Lane, Stadhampton, Oxfordshire, OX44 7TR E-mail info@scientificinstrumentsociety.org

The Society has a website at www.scientificinstrumentsociety.org

Page 3 of 4

Charity Report 2023

6. FULFILLMENT OF CHARITABLE OBJECTIVES

As detailed above the Society continues to fulfill its objectives by publishing its learned journal on time four times a year; by holding lectures on appropriate topics which are open to the public and in the case of the Annual Lecture without charge; by arranging and organising study tours, by supporting the publication of educational books in its field of interest and by the award of research grants.

7. DUTY OF TRUSTEES

The Trustees confirm that they have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission.

8. ADOPTION

This Report was adopted unanimously by the Committee in its meeting on Saturday 15[th] July 2023.

Charles Miller

Chairman of Committee of Trustees

Page 4 of 4

Charity Report 2023

REGISTF.RF.D CII,IRITI' NI'.IIBER: 326733 311)I,'C'Tr'%IIIF'R 2023 -()R SCIF.N'I'I& I(. IN.%'l'RI'llb:N-r s()C'l E'ri. FlunlLr & Co. CharlLrL.d Aiiuuntants 415 BlaLkburn Road Bulion EIL18NJ

SC".lTr-)TlblC' IN%-fRI'IIENT SO('IETI' C.()JTTr-NTS Ob TFITr' tyINANCI,11. STAI'Tr.NIF.NTS ()R-I'llTr- I'b.AR Tr"%DTr:D 31 DEC.Tr.IIBLR 2023 Page RLFxirl of IhL IrustLes Ind¥pLndenl cxaminLr's reEM)rt Si&lLmL'ni ol. Iinancial activitie5 Ilul#nce sheet NolLs lo the finanLial stalcment5 Sto7 t)elailLd 5tatLment or rinancial activili¢s

s(:ITr.)'I-ITr IC. IN%-I-RI'.NIEN'I' SOI'ITr.TI' RTr"PORT Ob "I"RIF. I'RI'SI'fr'ES TrOR'I'llb' I'&',IR Tr'SDF:D 31 DTr.('Tr.%IBER 2023 The trusi¥LS preseni Ih¢ir rcw)rt wilh th¥ financial statements ol. thc charit). for th¢ )'car cndLd 31 DeC¢m￿r ?013. -1.hc tru%tCLS have adopied IhL pro￿lS￿On5 of the %iuiiment ol Recomm¥nded Practice ISORPI 'ALcounling and Rbporting by Chariiies. i5su¥d in March 2DO5. Regi5¢ered C.'harity numher 3)6731 Prinf ipal address C.ii¥dliLr 'I'hL ()Id %chn()l House SLh()i)I l.an¢ Siadhumplon Oxf(Ird%hirL OX44 71'K I'rustees Dr N¥il I lundlL> l)r W'ill¥m I lackm&nn Mr l)uvid I l()warth l)r l.(iui%L I)LVOy l)r Ali*i)n11()>'lc Mr IMiLhuL.l %i¥warl l)r %iLph¥n Ilurt Dr Ni¢i)l&% d¥ I lil%ier l)r AILX Ri)4L' Mr CharlLs Miller resignL.d i Jn123 Independent ex4miner lan I lunlLr I ILinlLr & C(). ChartLrLd AcLauntoni 415 131oLkbLirn Ri)ud IJI. I SNJ Gvvcrnin% document "I'hL ihurilN' 14 ¥()nlri)IILd by il.4 govLrning d()¢umL'ni. a dcid ol'tru5t. and Lonstitutcs an unincorwratcd charit>'. Risk mllnll%tment "I'hL Iru%l¥i% huvi a dut>' tn idcnlil>' and rn'vilw the risks to which the charity i) L'xpos¢d and to ensurL' appropria¢¢ ionlrolb #re in placL' to provide r¢asonablL abburanLe against frllud and error. ApprovLd b>. ordLr orth¥ i￿ard of Iru%1¢¢5 on and 5igncd on il5 bL.haifby'. Dr NLil I landlL>' Pagc I

INDF.PF.NDb:Nl' F.X,I.NIINF.R'S RF.PORT TO TFIE TRI'STEF.S OF SC'ILNTITr-IC' INSTRI'NIENT SOC'IETI. I rcport on the accounts for thL year cnded 31 Dccembcr 2023. which are set oui on pages ihree to seven. Re8ponsibilities and busis of report A% IhL Lliurit) % Iru%lL¥% vou arl rL%P()n5ibl¢ for th¢ p￿par￿li0rt of th¢ acLoun15 in a¢cordan¢¢ with ihc requirements or the Chariiies Act ?01 I I'ihe Acl'}. I have examined your charity s aLLOUllts as rcquired undLr section 145 0l.thL Charities Act 2011 (Ihe Acl'l. In carr)'ing out m!. examination I have followed the Directions given by the Charity. Commission under section 14515llbl of the 2011 Act. M>. TUIL is to stale whLthLr an). materi&l mailers have come lo my alllnlion giving m¢ cause to believ¥.' th￿ a¢¢ounting r¥¢urds wer¢ not kept as required by section 110 of the Act: or Ihai ihL aiLounis do not IhLLord wilh ihoSL rLcords: OT thai ihL' IILciJullis d() n()t L()mplJ wilh lh¥ aiLouniing TLquiremenls ofthe Act: or Ihui ihLfL' is furthLT inf()rmu(ii)n nLLdLxI f()r u pr()￿r und¥rstanding ofih¢ acwunls. Indcpendtnt e¥4min¢r'y st¥tement I hai'l Ll)Inpl¥l¥d MJ ¥xaininuti(In and hRvL no LollcLrns in respLYt of thL mattLrs 111 to 141 listLd above and. in Lunn¥¢ti()n w'iih following ih. DirLLtions of thL Charil>' Comrni%%ion I have found no maiters thai rL'quire diawin8 10 your aiK'nlion. an I lunlLr ICAI.:W I lunt￿r & C(). ('huniK'd ALL(iunluni 415 141u¥kburn Rvud Bi)li()n 1.18NJ t)at¥'. Page 2

SC.'IENTIFIC: INSI'RI NIENT SOCITr:TI' ST.4'1-I.IIENT OF FIN,INCI,IL ACTII'ITIF.S FOR-I-FIfr. I F.AR Tr.IDTr.D 31 Db:(.-fr'llllTr.R 2023 2023 Restri¢lcd -fotxl funds fund I'nrestrirted fund5 Total lund Not es INCQIIINC. RTr:SOI'R('F.S In¢ominkw rcs1)urce5 from Renerated fund5 V(Trluntar>' incoinL ALtik iliL% lor gLnLrating lund InvLslmLllt incom¥ 28.784 19J44 220 28.7114 1gJ44 220 ?6.075 4.980 94 Totul incomini resources 48J48 48J48 31.149 RI,-4()I RC"Tr.S F:IPF:NDb.D C'haritable Metii itieq C()nlirL'n¢¢s I.'KP4ndilur (•(iTrcrnHnce cost5 2.731 ?9.1.15 6?4 33.699 660 33.699 660 'rotal re8oure¢s exp¢nd¢d 32.490 R Tr.&i()l R('Tr'.S 120861 12.8861 {1.3411 R Tr.C'l)NC'II,I,I'I'ION OTr Tr I'NDS .1 olal fundj hrouRht fnrward 29.961 29,964 31.303 -r()-I',11. F l Nl)S C',IRRI b:1) b()RII',IRD 27.07 27,1178 29.964 l-he notcs forni part of thc5c financi￿ statLm¢nts Page 3

SC'lb:N'l'IFIC" INSTRI'NIENT SOCIETI. B.11,,INC'E SIIF.ET ,I'1-31 DF.CE.IIBTr.R 2023 2023 Restricted Total fundy fuad 2027 -1 otal fund I'nrestrieted funds Not es C'I'RKTr:NT,ISSE'I'S Si()Lks Debtor Lash a( bank 1,940 1,940 1.940 1.327 33.43? 30J23 30J23 33.120 33,120 36.699 I'RTr:DI'I'OR.¢ Aii)ounls 1(Illinx dui wiihin oty y¢ar 16.0421 16,11421 16.735) )Tr:I' C"I'RRTr.)T ¢lSSTr-'I-S 27,078 29.964 Bl l.l-l-l Tr- 27.078 27,Q78 29.964 29.964 Ilnr¥4lriLILd funds 27.078 29.964 T()'I',11. Tr'I'ND¢ ?9.964 'I'hL linuniial stalLmentS WLfL approved b>. lh¥ Board of 'frustees on IK.haifby'. IS,7. and WLre sign¢d on its Dr Neil I landl¢y -'] rubtl Mr l)uvid I lo￿arth -'I'rustee I'he not¢5 forni part of Ih¢s¢ financial statements Page 4

S(-IEN-I'IFIC. IISTRI'NIENT SOC'IETI, No'rTr.s TO TIIL FINEIN(:l.-11, s-fATTr-IIF.N-I'S F'()R'IIITr- 1'Tr-.4R Db:D 31 1)Tr.C'Tr-.IIIITr.R 2023 ,11.'coI N'I-INC: poI.IcI Tr-s ,l¢countin% con% ention 'rhL Iinaniiul qlaiLmLn15 have b¢cn pr¢parcd under th¥ historical cost ¢onv¢nlion. and in accordancL with the l.inanLial Rcporting %tandard lor %TlldllLT l.'ntities ILIYLLtiv¢ April ?0081. the Chariii¥% Aci ?01 l und the requiremenis of ihe Statement of Recommended Practice. Accounting and RL'poriing by Lhariti¢s. Inf nming rciouree8 All incoming rLgourLL% aTL illLludLd on ihL Siot¥m¥nl Dl. finanLial AcliN'iti¥s when th¢ Charity is ligall>' entitlcd Ii) Ihe inLI)mL and IhL amounl can quuniiliid 1% ith rL'ds()nahlL a¥¢uraiy. Re81)urce5 expended I.-XPLndiiur¥ 1% ￿¢{1￿￿1¥d for on an &LLruals basis and has tK'¢n Lla%%ifiLd utkdLr hLadings that aggrcgatL all cost rL.lalLd i() the LaiLglOrn.. WhLrc Ll)%1s Ldnn()I bL. dirLLiI> dllribui¥d 10 pdriiLular h¥dding5 thLy haN'L bL'L'll all()Lalid to aLtiviii¢s on & con4islcnt with ihe U5L' ol-rcsourc¢s. SIDck¥ %tllLk4 arL' trlllued at the lower of cost and nLI rL'alisablL value, after mukin8 du¢ allowancL for obsoIL%lL and slow moving il¥ms. "I'hL Lharil>' is eicmpt from l&i on il% ¢harilablL aclivilies. -und aceounting Ilnr¥%iricl¥d lunds Lan bL UbLTrd in ￿lL￿rd￿n(l, with thi ¢harilabli objkYlivLs al th￿ disLretion ol'thL tru5tLC5. R¥strictcd fund5 clln onl). b¢ us¢d for parlicular rn'strici¥d purposes M'ithin thL objLCt4 of th¢ ¢h&rity. RLilriLti()ns orisl wh¥n %p¥cifiLd b). lh¥ diini)r ()r whLn lunds arL TiIi%L.d l()r purtiLular ristriLl¥d purp(I%Ls. l-urthLf Liplanaiion of IhL nalLif¢ and puryx)se ol'¢ach fund 14 inLludLd in the noics lo ihl financial slatemLnts. A("l-Il'l'l-l Tr:Si Tr-()R C:Tr:S Tr.R,I'I'IN(: b I'NDS 2023 20?2 Conf¢r¢nc¢s 19.344 4.980 INVTr:STMTr.NT IJC'.OTrIfr. 2023 702? D¢po%il aLLouni iniLres1 2211 94 'I'hLfc WLre no trustLc%' rLmunLration or uthLr b¢n¥fits for th¢ year ended 311)ccembcr 2D23 nor for th¢ y¢¥ LndLd .1 I I)LLLmlK'r 102? 'rru$tees' expenses "I'hLfL WLfL n(I IrustcLs' cxrKns¢s paid for thc ycar cndcd 31 December2023 nor for the >'ear ended 31 December 2022. Pag¢ 5

SC'IF.NTIFlC.' INs'fRI'NIENT SOC.IETI" O'l'F.s'ro THF. FI).I)C.I,IL ST.4TF.￿I￿.￿.r5- CONTINI'ED 'OR-I'II L I'E,IR DTr:D 31 DF.C'Tr:IIBb-R 21123 STOCKS 2023 StULks 1,940 Dfr-B'I'ORS: ,INIOI'NTS F,11.I.INC: DI'Tr: W'I-I-HIN ONE I'E,IR 2023 2022 'I'radL dLbtors Other dcbtor5 127 730 1?7 1.2UO 1.3?7 C.'R Tr.DIT()RF>: ,*.￿[()1 N-I'S Tr'AI.I,ING DI, E W'i'riii) o) F. I'Tr.,IR 2023 2022 ()thLr Lr¢dilor 6.042 6.735 mo%'¢m¢nt in funds At 1.1.23 ,It31.12.23 I nrcyiri¢l¢d fundy CjLnLral lund 29,964 12,1116} 27.078 'I'o'r,11. Trl'ND 29.964 2,886) N¢1 movim¥nl in funds. includcd in thi abuv¥ ar¢ as follows.. Inciiming re%iJurce% Rcsourf cy Nlovem¢nt in t￿pended fun(18 I nrestrif tcd funds Ci¥niral lund 48J48 1%1.234} (2,8861 TO'I',11. FI'ND6) 112341 Page 6

SC'IE:N'l'lblC' INSTRI'NIF.NT SOC'ILTI. IOTLS TO'I-IIF- Tr"IN.INC"I,ii, s-i-.-i'rTr.NIE)'IS- CON'I'INI Tr.D FOR I'IITr; I'fr...IR ENDTr-D 31 DF.C'Tr..%IIITr.R 2023 -IIOI'EIIE)'I- IN. b l N DS - continued C'ompar#tii'e5 for movement in fund$ I'rgnsf¢rs bctmcen funds moi'ement in funds ,It 1.1.22 At31.12.22 I nr¢strietcd Trunds GLnerdl lund 30.777 IlJ411 29,9fA Restricted & und$ 13ungL Award l.und 528 I'OT,11. bl NDS 31,30.S lJ411 Comparativc nLI movement in funds. includLd in thL aix)v¢ are as follows.. Incomin% rciourccj Resouree8 expended oi'im¥nl in funds I nre5tricted fundq G6￿.￿] I'und 31.149 (32.4901 {lJ411 31.149 32,4901 lJ411 A curN'nt yLar 12 monihs 2nd prior yLar l ? months ¢ombin¢d position i¥ as f(Illows: '] run5fcrs bet￿ten funds movement in fundj Ilt 1.1.22 ,It31.12.23 I nr¢5trictcd fund$ (iin¥ral liind 30,777 (4,227) 27.1)78 Reltrieted funds Ilun￿l Awurd l.uiid TO'I',11. Tr I'NDS 4,2271 27,078 A currLnl ylar 12 m()nth.s and prior )'car l ? months combinLd nLt movcmcni in lund5. includcd in thL abovc arc as foll()ws'. Inf oming rtsourees Re50urcey Ilovement in expended fundy I'nr¢stricled funds CJ¢n¢ral fund 79.497 83.7241 4,2271 I'O-I',IL bl NDS 83 724> Page 7

S(.'ILN'I'lblC". INSTRI'IITr.NT SOCITr.TI' DF.T.111.ED ST,ITF..NIEN'I' Ofr. frIJ.I)C'.I.II. .ICTIN'ITIES FOR I'FIE I'E.IR F:N I)1,'1) 31 1)1,:I'Tr-NI11Tr-R 2U23 2023 2022 INC.'O.IIING RTr,SOI'RC'.F.S I'i)lunt#ry income D(Trnaliuns (Jill aid Sub%Lriptivn AdNerts 8ulLs %undri¢s - net ol'costs M-l. h(H)k %dlLS- nLt ol'costs P()kL book salL's- n¥t C ataloguL 5al¥'s Ramsd¢n Ix)ok sal¢s- nel 1,000 908 20,808 -5,430 32 831 18,763 6.402 -35 130 335 76 44 211,784 26.075 .Activities fur Reneratin% fundg C'()nlL TLIICL 19,344 4.980 Invt¥tment inf omc l)LrKisit LL()unt intLfL51 220 94 'I'otal in¢omin% res<)urces 48,341 31.149 R Tr-fi()I KC.'Tr:S Tr:XlJb:ND&.I) ('huritable 8cli%'itl¢8 C(InlLfL'nLLS 16,875 17.296 3117 2.731 15.431 .115 7.0110 1,91? 2.134 Ciimmiii¥i L Ypinscs I.'XLLUtIlL oIIiLK'r (Jrun15 l)K's¥niution m¥dals Vi'¥b ri.lai¥d L()*t InsuranLL' and Lh8rg¢s W'rLath d()nati()n Diinativns 2.2.$0 1.346 316 2,279 31.866 ernance eoytl Acc()LinlanLN 660 624 Total resource5 expendcd 3?.4 et expenditure 2JIY61 1.3411 'I'his pag¢ does not form part of the 4talulOry' financial statements Page 8

REGISTF.RF.D CII,IRITI' NI'.IIBER: 326733 311)I,'C'Tr'%IIIF'R 2023 -()R SCIF.N'I'I& I(. IN.%'l'RI'llb:N-r s()C'l E'ri. FlunlLr & Co. CharlLrL.d Aiiuuntants 415 BlaLkburn Road Bulion EIL18NJ

SC".lTr-)TlblC' IN%-fRI'IIENT SO('IETI' C.()JTTr-NTS Ob TFITr' tyINANCI,11. STAI'Tr.NIF.NTS ()R-I'llTr- I'b.AR Tr"%DTr:D 31 DEC.Tr.IIBLR 2023 Page RLFxirl of IhL IrustLes Ind¥pLndenl cxaminLr's reEM)rt Si&lLmL'ni ol. Iinancial activitie5 Ilul#nce sheet NolLs lo the finanLial stalcment5 Sto7 t)elailLd 5tatLment or rinancial activili¢s

s(:ITr.)'I-ITr IC. IN%-I-RI'.NIEN'I' SOI'ITr.TI' RTr"PORT Ob "I"RIF. I'RI'SI'fr'ES TrOR'I'llb' I'&',IR Tr'SDF:D 31 DTr.('Tr.%IBER 2023 The trusi¥LS preseni Ih¢ir rcw)rt wilh th¥ financial statements ol. thc charit). for th¢ )'car cndLd 31 DeC¢m￿r ?013. -1.hc tru%tCLS have adopied IhL pro￿lS￿On5 of the %iuiiment ol Recomm¥nded Practice ISORPI 'ALcounling and Rbporting by Chariiies. i5su¥d in March 2DO5. Regi5¢ered C.'harity numher 3)6731 Prinf ipal address C.ii¥dliLr 'I'hL ()Id %chn()l House SLh()i)I l.an¢ Siadhumplon Oxf(Ird%hirL OX44 71'K I'rustees Dr N¥il I lundlL> l)r W'ill¥m I lackm&nn Mr l)uvid I l()warth l)r l.(iui%L I)LVOy l)r Ali*i)n11()>'lc Mr IMiLhuL.l %i¥warl l)r %iLph¥n Ilurt Dr Ni¢i)l&% d¥ I lil%ier l)r AILX Ri)4L' Mr CharlLs Miller resignL.d i Jn123 Independent ex4miner lan I lunlLr I ILinlLr & C(). ChartLrLd AcLauntoni 415 131oLkbLirn Ri)ud IJI. I SNJ Gvvcrnin% document "I'hL ihurilN' 14 ¥()nlri)IILd by il.4 govLrning d()¢umL'ni. a dcid ol'tru5t. and Lonstitutcs an unincorwratcd charit>'. Risk mllnll%tment "I'hL Iru%l¥i% huvi a dut>' tn idcnlil>' and rn'vilw the risks to which the charity i) L'xpos¢d and to ensurL' appropria¢¢ ionlrolb #re in placL' to provide r¢asonablL abburanLe against frllud and error. ApprovLd b>. ordLr orth¥ i￿ard of Iru%1¢¢5 on and 5igncd on il5 bL.haifby'. Dr NLil I landlL>' Pagc I

INDF.PF.NDb:Nl' F.X,I.NIINF.R'S RF.PORT TO TFIE TRI'STEF.S OF SC'ILNTITr-IC' INSTRI'NIENT SOC'IETI. I rcport on the accounts for thL year cnded 31 Dccembcr 2023. which are set oui on pages ihree to seven. Re8ponsibilities and busis of report A% IhL Lliurit) % Iru%lL¥% vou arl rL%P()n5ibl¢ for th¢ p￿par￿li0rt of th¢ acLoun15 in a¢cordan¢¢ with ihc requirements or the Chariiies Act ?01 I I'ihe Acl'}. I have examined your charity s aLLOUllts as rcquired undLr section 145 0l.thL Charities Act 2011 (Ihe Acl'l. In carr)'ing out m!. examination I have followed the Directions given by the Charity. Commission under section 14515llbl of the 2011 Act. M>. TUIL is to stale whLthLr an). materi&l mailers have come lo my alllnlion giving m¢ cause to believ¥.' th￿ a¢¢ounting r¥¢urds wer¢ not kept as required by section 110 of the Act: or Ihai ihL aiLounis do not IhLLord wilh ihoSL rLcords: OT thai ihL' IILciJullis d() n()t L()mplJ wilh lh¥ aiLouniing TLquiremenls ofthe Act: or Ihui ihLfL' is furthLT inf()rmu(ii)n nLLdLxI f()r u pr()￿r und¥rstanding ofih¢ acwunls. Indcpendtnt e¥4min¢r'y st¥tement I hai'l Ll)Inpl¥l¥d MJ ¥xaininuti(In and hRvL no LollcLrns in respLYt of thL mattLrs 111 to 141 listLd above and. in Lunn¥¢ti()n w'iih following ih. DirLLtions of thL Charil>' Comrni%%ion I have found no maiters thai rL'quire diawin8 10 your aiK'nlion. an I lunlLr ICAI.:W I lunt￿r & C(). ('huniK'd ALL(iunluni 415 141u¥kburn Rvud Bi)li()n 1.18NJ t)at¥'. Page 2

SC.'IENTIFIC: INSI'RI NIENT SOCITr:TI' ST.4'1-I.IIENT OF FIN,INCI,IL ACTII'ITIF.S FOR-I-FIfr. I F.AR Tr.IDTr.D 31 Db:(.-fr'llllTr.R 2023 2023 Restri¢lcd -fotxl funds fund I'nrestrirted fund5 Total lund Not es INCQIIINC. RTr:SOI'R('F.S In¢ominkw rcs1)urce5 from Renerated fund5 V(Trluntar>' incoinL ALtik iliL% lor gLnLrating lund InvLslmLllt incom¥ 28.784 19J44 220 28.7114 1gJ44 220 ?6.075 4.980 94 Totul incomini resources 48J48 48J48 31.149 RI,-4()I RC"Tr.S F:IPF:NDb.D C'haritable Metii itieq C()nlirL'n¢¢s I.'KP4ndilur (•(iTrcrnHnce cost5 2.731 ?9.1.15 6?4 33.699 660 33.699 660 'rotal re8oure¢s exp¢nd¢d 32.490 R Tr.&i()l R('Tr'.S 120861 12.8861 {1.3411 R Tr.C'l)NC'II,I,I'I'ION OTr Tr I'NDS .1 olal fundj hrouRht fnrward 29.961 29,964 31.303 -r()-I',11. F l Nl)S C',IRRI b:1) b()RII',IRD 27.07 27,1178 29.964 l-he notcs forni part of thc5c financi￿ statLm¢nts Page 3

SC'lb:N'l'IFIC" INSTRI'NIENT SOCIETI. B.11,,INC'E SIIF.ET ,I'1-31 DF.CE.IIBTr.R 2023 2023 Restricted Total fundy fuad 2027 -1 otal fund I'nrestrieted funds Not es C'I'RKTr:NT,ISSE'I'S Si()Lks Debtor Lash a( bank 1,940 1,940 1.940 1.327 33.43? 30J23 30J23 33.120 33,120 36.699 I'RTr:DI'I'OR.¢ Aii)ounls 1(Illinx dui wiihin oty y¢ar 16.0421 16,11421 16.735) )Tr:I' C"I'RRTr.)T ¢lSSTr-'I-S 27,078 29.964 Bl l.l-l-l Tr- 27.078 27,Q78 29.964 29.964 Ilnr¥4lriLILd funds 27.078 29.964 T()'I',11. Tr'I'ND¢ ?9.964 'I'hL linuniial stalLmentS WLfL approved b>. lh¥ Board of 'frustees on IK.haifby'. IS,7. and WLre sign¢d on its Dr Neil I landl¢y -'] rubtl Mr l)uvid I lo￿arth -'I'rustee I'he not¢5 forni part of Ih¢s¢ financial statements Page 4

S(-IEN-I'IFIC. IISTRI'NIENT SOC'IETI, No'rTr.s TO TIIL FINEIN(:l.-11, s-fATTr-IIF.N-I'S F'()R'IIITr- 1'Tr-.4R Db:D 31 1)Tr.C'Tr-.IIIITr.R 2023 ,11.'coI N'I-INC: poI.IcI Tr-s ,l¢countin% con% ention 'rhL Iinaniiul qlaiLmLn15 have b¢cn pr¢parcd under th¥ historical cost ¢onv¢nlion. and in accordancL with the l.inanLial Rcporting %tandard lor %TlldllLT l.'ntities ILIYLLtiv¢ April ?0081. the Chariii¥% Aci ?01 l und the requiremenis of ihe Statement of Recommended Practice. Accounting and RL'poriing by Lhariti¢s. Inf nming rciouree8 All incoming rLgourLL% aTL illLludLd on ihL Siot¥m¥nl Dl. finanLial AcliN'iti¥s when th¢ Charity is ligall>' entitlcd Ii) Ihe inLI)mL and IhL amounl can quuniiliid 1% ith rL'ds()nahlL a¥¢uraiy. Re81)urce5 expended I.-XPLndiiur¥ 1% ￿¢{1￿￿1¥d for on an &LLruals basis and has tK'¢n Lla%%ifiLd utkdLr hLadings that aggrcgatL all cost rL.lalLd i() the LaiLglOrn.. WhLrc Ll)%1s Ldnn()I bL. dirLLiI> dllribui¥d 10 pdriiLular h¥dding5 thLy haN'L bL'L'll all()Lalid to aLtiviii¢s on & con4islcnt with ihe U5L' ol-rcsourc¢s. SIDck¥ %tllLk4 arL' trlllued at the lower of cost and nLI rL'alisablL value, after mukin8 du¢ allowancL for obsoIL%lL and slow moving il¥ms. "I'hL Lharil>' is eicmpt from l&i on il% ¢harilablL aclivilies. -und aceounting Ilnr¥%iricl¥d lunds Lan bL UbLTrd in ￿lL￿rd￿n(l, with thi ¢harilabli objkYlivLs al th￿ disLretion ol'thL tru5tLC5. R¥strictcd fund5 clln onl). b¢ us¢d for parlicular rn'strici¥d purposes M'ithin thL objLCt4 of th¢ ¢h&rity. RLilriLti()ns orisl wh¥n %p¥cifiLd b). lh¥ diini)r ()r whLn lunds arL TiIi%L.d l()r purtiLular ristriLl¥d purp(I%Ls. l-urthLf Liplanaiion of IhL nalLif¢ and puryx)se ol'¢ach fund 14 inLludLd in the noics lo ihl financial slatemLnts. A("l-Il'l'l-l Tr:Si Tr-()R C:Tr:S Tr.R,I'I'IN(: b I'NDS 2023 20?2 Conf¢r¢nc¢s 19.344 4.980 INVTr:STMTr.NT IJC'.OTrIfr. 2023 702? D¢po%il aLLouni iniLres1 2211 94 'I'hLfc WLre no trustLc%' rLmunLration or uthLr b¢n¥fits for th¢ year ended 311)ccembcr 2D23 nor for th¢ y¢¥ LndLd .1 I I)LLLmlK'r 102? 'rru$tees' expenses "I'hLfL WLfL n(I IrustcLs' cxrKns¢s paid for thc ycar cndcd 31 December2023 nor for the >'ear ended 31 December 2022. Pag¢ 5

SC'IF.NTIFlC.' INs'fRI'NIENT SOC.IETI" O'l'F.s'ro THF. FI).I)C.I,IL ST.4TF.￿I￿.￿.r5- CONTINI'ED 'OR-I'II L I'E,IR DTr:D 31 DF.C'Tr:IIBb-R 21123 STOCKS 2023 StULks 1,940 Dfr-B'I'ORS: ,INIOI'NTS F,11.I.INC: DI'Tr: W'I-I-HIN ONE I'E,IR 2023 2022 'I'radL dLbtors Other dcbtor5 127 730 1?7 1.2UO 1.3?7 C.'R Tr.DIT()RF>: ,*.￿[()1 N-I'S Tr'AI.I,ING DI, E W'i'riii) o) F. I'Tr.,IR 2023 2022 ()thLr Lr¢dilor 6.042 6.735 mo%'¢m¢nt in funds At 1.1.23 ,It31.12.23 I nrcyiri¢l¢d fundy CjLnLral lund 29,964 12,1116} 27.078 'I'o'r,11. Trl'ND 29.964 2,886) N¢1 movim¥nl in funds. includcd in thi abuv¥ ar¢ as follows.. Inciiming re%iJurce% Rcsourf cy Nlovem¢nt in t￿pended fun(18 I nrestrif tcd funds Ci¥niral lund 48J48 1%1.234} (2,8861 TO'I',11. FI'ND6) 112341 Page 6

SC'IE:N'l'lblC' INSTRI'NIF.NT SOC'ILTI. IOTLS TO'I-IIF- Tr"IN.INC"I,ii, s-i-.-i'rTr.NIE)'IS- CON'I'INI Tr.D FOR I'IITr; I'fr...IR ENDTr-D 31 DF.C'Tr..%IIITr.R 2023 -IIOI'EIIE)'I- IN. b l N DS - continued C'ompar#tii'e5 for movement in fund$ I'rgnsf¢rs bctmcen funds moi'ement in funds ,It 1.1.22 At31.12.22 I nr¢strietcd Trunds GLnerdl lund 30.777 IlJ411 29,9fA Restricted & und$ 13ungL Award l.und 528 I'OT,11. bl NDS 31,30.S lJ411 Comparativc nLI movement in funds. includLd in thL aix)v¢ are as follows.. Incomin% rciourccj Resouree8 expended oi'im¥nl in funds I nre5tricted fundq G6￿.￿] I'und 31.149 (32.4901 {lJ411 31.149 32,4901 lJ411 A curN'nt yLar 12 monihs 2nd prior yLar l ? months ¢ombin¢d position i¥ as f(Illows: '] run5fcrs bet￿ten funds movement in fundj Ilt 1.1.22 ,It31.12.23 I nr¢5trictcd fund$ (iin¥ral liind 30,777 (4,227) 27.1)78 Reltrieted funds Ilun￿l Awurd l.uiid TO'I',11. Tr I'NDS 4,2271 27,078 A currLnl ylar 12 m()nth.s and prior )'car l ? months combinLd nLt movcmcni in lund5. includcd in thL abovc arc as foll()ws'. Inf oming rtsourees Re50urcey Ilovement in expended fundy I'nr¢stricled funds CJ¢n¢ral fund 79.497 83.7241 4,2271 I'O-I',IL bl NDS 83 724> Page 7

S(.'ILN'I'lblC". INSTRI'IITr.NT SOCITr.TI' DF.T.111.ED ST,ITF..NIEN'I' Ofr. frIJ.I)C'.I.II. .ICTIN'ITIES FOR I'FIE I'E.IR F:N I)1,'1) 31 1)1,:I'Tr-NI11Tr-R 2U23 2023 2022 INC.'O.IIING RTr,SOI'RC'.F.S I'i)lunt#ry income D(Trnaliuns (Jill aid Sub%Lriptivn AdNerts 8ulLs %undri¢s - net ol'costs M-l. h(H)k %dlLS- nLt ol'costs P()kL book salL's- n¥t C ataloguL 5al¥'s Ramsd¢n Ix)ok sal¢s- nel 1,000 908 20,808 -5,430 32 831 18,763 6.402 -35 130 335 76 44 211,784 26.075 .Activities fur Reneratin% fundg C'()nlL TLIICL 19,344 4.980 Invt¥tment inf omc l)LrKisit LL()unt intLfL51 220 94 'I'otal in¢omin% res<)urces 48,341 31.149 R Tr-fi()I KC.'Tr:S Tr:XlJb:ND&.I) ('huritable 8cli%'itl¢8 C(InlLfL'nLLS 16,875 17.296 3117 2.731 15.431 .115 7.0110 1,91? 2.134 Ciimmiii¥i L Ypinscs I.'XLLUtIlL oIIiLK'r (Jrun15 l)K's¥niution m¥dals Vi'¥b ri.lai¥d L()*t InsuranLL' and Lh8rg¢s W'rLath d()nati()n Diinativns 2.2.$0 1.346 316 2,279 31.866 ernance eoytl Acc()LinlanLN 660 624 Total resource5 expendcd 3?.4 et expenditure 2JIY61 1.3411 'I'his pag¢ does not form part of the 4talulOry' financial statements Page 8