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2021-03-31-accounts

Charity Reglstration No. 518850

Company Registration No. 2115913 (England and Wales)

CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

ANNUAL REPORT AND INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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PM+M Solutions for Business LLP Chartered Accountants New Century House Greenbank Technology Park Blackburn Lancashire BB1 5QB

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

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Trustees Cllr Sandra Baker
Dr Jennifer Clucas
MrRoy Coldwell
MrBryan Davies
MsStephanie Davies
Mr Howard Hopwood
Dr Dlana Leitch MBE -
Mrs Melissa Lord
Dr Michael Pitts
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MrAndrew Ritchie
Mr Robert Roach
Dr Donald Westwood
Ms Rachel Wilkinson
Chair ofTrustees Dr Diana Leitch MBE
Secretary Mr RoyColdwell
Chief Executive Officer MrMartin Pearson
Charitynumber 518850
Companynumber 2115913
Registered office Gossage Building
Mersey Road
Widnes
Cheshire
WAS8 ODF
Independentexaminer PM-+M SolutionsforBusiness LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB15QB

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

CONTENTS

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||||||| |Independent examiner's report|9|||||||| |||||||||| |Statement of financial activities|10||||||| |Balancesheet|11-12|||||||| |Statementofcashflows|43|||||||| |Notestothefinancialstatements|14-25|||||||
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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2021 a The accounts have been prepared in accordance with the accounting policles set out In note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)” (as amend for accounting periods commencing from 1 January 2016).

Catalyst Science Discovery Centre and Museum Trust Limited, Mersey Road, Widnes, Cheshire WA8 ODF, “Catalyst”, is a registered charity (No: 518850) and company (No: 2115913) limited by guarantee. Its registered office Is shown on the company information sheet. The Company changed its name from Halton Chemical Industry Museum Trust Limited on 16th June 2008. The present trustees who served during the year are listed on page 6 and details of any external advisers are noted on the company information sheet. The Company was governed by its Memorandum and Articles of Association adopted on 2nd June 2008. Updated Articles of Association were adopted by the Company on 18 July 2011.

Objectives and activities

The Charity’s Objects in the 2011 Articles are specifically restricted only for “the public benefit to raise awareness of and Increase public knowledge of biochemistry and the chemical sclences and other related sciences and their materials, processes and products with a particular emphasis on education of young people through the development and maintenance of a science centre/museum — placed within a historical context and with particular reference to the locality”. Therefore, the principal activity of Catalyst is to inform, educate and inspire the widest audience about the relevance of chemistry and STEM (Science, Technology, Engineering and Maths) in general, with a particular emphasis on education of young people.

Catalyst also holds extensive archives in various media for the UK Chemical Industry (including ICI, Brunner Mond, and Peter Spence) and offers a heritage experience around Its buildings but especially through its ‘Birth of an Industry Gallery’ and the ‘Baker Gallery’ celebrating the history and modern-day uses of chlorine, produced in the Halton area.

Public benefit, aims and intended impact

In meeting our objectives, the Charity's public benefit aim is to increase the public knowledge of chemical sciences and the chemical industry through the centre/museum and workshops. In setting our objectives and planning our activities, the Trustees have paid due regard to the Charity Commission's general guidance on public benefit.

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Achievements and performance

This report outlines the major challenges, occurrences, events and developments within the Catalyst Science Discovery Centre and Museum Trust Limited during the past 12 months (April 2020 to March 2021).

Covid-19 impact & Sustainability

This was a very challenging year for Catalyst due to the Covid-19 pandemic. Catalyst was closed during this period and the CEO and the Trustees ensured Catalyst met all Government regulations and guidance regarding Covid-19. All staff with the exception of the CEO were furloughed and were kept fully informed on developments during the closure.

The closure and cessation of all commercial activities had a severe impact on the Charity’s revenue. The Charity worked to minimise expenditure, meet our legal and financial obligations, and ensure a viable and sustainable future for Catalyst.

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 , aU

Catalyst put in place a Covid-19 transition strategy with three phases: » Phase 1 - Covid Secure (July 2020 - February 2021) this was purposely risk averse, with work streams only initiated If they were Covid-19 compliant and pre-funded. » Phase 2 - Living with Covid (February 2021 - December 2021). Gradual re-opening of Catalyst, with additional precautions. « Phase 3 - ‘We're back and We're better! Unrestricted opening with the dates flexible depending on UK Government policy and social attitudes.

To help with financial sustainability, Catalyst accessed the various Government schemes and successfully bid for various charitable grant funding. The following funding was secured: » Use of the Coronavirus Job Retention Scheme (furlough) of the Coronavirus Job Retention Scheme (furlough) the Coronavirus Job Retention Scheme (furlough) Coronavirus Job Retention Scheme (furlough) Job Retention Scheme (furlough) Retention Scheme (furlough) Scheme (furlough) (furlough)

» Use of the Coronavirus Job Retention Scheme (furlough) of the Coronavirus Job Retention Scheme (furlough) the Coronavirus Job Retention Scheme (furlough) Coronavirus Job Retention Scheme (furlough) Job Retention Scheme (furlough) Retention Scheme (furlough) Scheme (furlough) (furlough) | « ACE Culture Recovery Fund 14 + ACE Culture Recovery Fund 2 * Wellcome Trust Covid Top-up grant ee ; * Local Authority discretionary grant | * $neos Community Fund « Business rate relief | Catalyst also benefited from generous donations from benefactors and has lodged a claim with Catalyst’s insurers (Hiscox)for loss of revenue income during the closure, which is on-going. | The above measures have allowed Catalyst to survive the closure period and the uncertainty it brought. The Charity also took the opportunity to develop new offers. These include digital offers for schools and | uniformed groups. Heritage Afternoon Afternoon Tea’s and Science birthday parties are now also part of the the wide range _ of products Catalyst offers. Major Achievements & Developments Achievements & Developments & Developments Developments | It had been the vision of the the Trustees that Catalyst would would be completely re-born over a 5-year period (starting in 2018) and although this had started to becomea becomeaa reality prior to the to the the pandemic, the post lockdown lockdown periods | allowed this to be accelerated. The ‘Inspiring Science Fund’ (ISF) project funded funded by UK RI and the Wellcome Trust has has played a a significant part in achieving in achieving achieving this vision. vision. This capital project has enhanced has enhanced enhanced our relationship relationship | with the local community, funded a new Interactive Gallery and allowed for refurbishment of all the key | physical spaces within spaces within within Catalyst, including the entrance, café and the entrance, café and entrance, café and café and and theatre, | The enforced closure has allowed a major upgrade of IT systems and infrastructure to be completed. enforced closure has allowed a major upgrade of IT systems and infrastructure to be completed. closure has allowed a major upgrade of IT systems and infrastructure to be completed. has allowed a major upgrade of IT systems and infrastructure to be completed. allowed a major upgrade of IT systems and infrastructure to be completed. a major upgrade of IT systems and infrastructure to be completed. major upgrade of IT systems and infrastructure to be completed. upgrade of IT systems and infrastructure to be completed. of IT systems and infrastructure to be completed. IT systems and infrastructure to be completed. systems and infrastructure to be completed. infrastructure to be completed. to be completed. be completed. completed. | Catalyst has developed a new brand and logo, and this is now reflected throughout the building, leaflets, | website, social media, marketing and on staff uniforms. uniforms. Catalyst Is now being now being being marketed not just as a Science as a Science a Science Science | Discovery Centre and Museum but also as a a visitor attraction in a much changed and improved Widnes. The The | publicity materials highlight our new offerings new offerings offerings and target new audiences. new audiences. audiences. An independent Board Governance review was undertaken during the period, a Trustee and Patrons skills } review completed, and this work work will be taken taken forward as part of a a major Strategy review planned for 2021/22. 2021/22. | Catalyst supported a campaign initiated by the Association Association of Science Science Discovery Centres (ASDC), of which which it is a member, to seek government funding to support SDCs around the UK to survive closure and re-open. and distinguished scientists, including several Nobel prize winners. winners. | Although the campaign campaign Itself was unsuccessful, was unsuccessful, unsuccessful, Catalyst succeeded succeeded in gaining gaining support from many eminent many eminent eminent | |

The Charity also took the opportunity to develop new offers. These include digital offers for schools and uniformed groups. Heritage Afternoon Afternoon Tea’s and Science birthday parties are now also part of the the wide range _ of products Catalyst offers. Major Achievements & Developments Achievements & Developments & Developments Developments It had been the vision of the the Trustees that Catalyst would would be completely re-born over a 5-year period (starting in 2018) and although this had started to becomea becomeaa reality prior to the to the the pandemic, the post lockdown lockdown periods allowed this to be accelerated. The ‘Inspiring Science Fund’ (ISF) project funded funded by UK RI and the Wellcome Trust has has played a a significant part in achieving in achieving achieving this vision. vision. This capital project has enhanced has enhanced enhanced our relationship relationship with the local community, funded a new Interactive Gallery and allowed for refurbishment of all the key physical spaces within spaces within within Catalyst, including the entrance, café and the entrance, café and entrance, café and café and and theatre, The enforced closure has allowed a major upgrade of IT systems and infrastructure to be completed. enforced closure has allowed a major upgrade of IT systems and infrastructure to be completed. closure has allowed a major upgrade of IT systems and infrastructure to be completed. has allowed a major upgrade of IT systems and infrastructure to be completed. allowed a major upgrade of IT systems and infrastructure to be completed. a major upgrade of IT systems and infrastructure to be completed. major upgrade of IT systems and infrastructure to be completed. upgrade of IT systems and infrastructure to be completed. of IT systems and infrastructure to be completed. IT systems and infrastructure to be completed. systems and infrastructure to be completed. infrastructure to be completed. to be completed. be completed. completed. Catalyst has developed a new brand and logo, and this is now reflected throughout the building, leaflets, website, social media, marketing and on staff uniforms. uniforms. Catalyst Is now being now being being marketed not just as a Science as a Science a Science Science Discovery Centre and Museum but also as a a visitor attraction in a much changed and improved Widnes. The The publicity materials highlight our new offerings new offerings offerings and target new audiences. new audiences. audiences. : An independent Board Governance review was undertaken during the period, a Trustee and Patrons skills review completed, and this work work will be taken taken forward as part of a a major Strategy review planned for 2021/22. 2021/22. ! Catalyst supported a campaign initiated by the Association Association of Science Science Discovery Centres (ASDC), of which which it is a member, to seek government funding to support SDCs around the UK to survive closure and re-open. and distinguished scientists, including several Nobel prize winners. winners. | Although the campaign campaign Itself was unsuccessful, was unsuccessful, unsuccessful, Catalyst succeeded succeeded in gaining gaining support from many eminent many eminent eminent

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 a

During the period we were able to continue with some archive activities including digitising large numbers of archival materials. The current total at March 2021 is 62,258 records comprising 37,000 photos, 18,558 workers records and 6,700 magazine articles.

Catalyst retained the services of curatorial advisor Sharon Brown, Curator of Transport and Industrial Collections, World Museum, Liverpool.

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Educational activities Due to the pandemic, there were no school visits, workshops, or sleepovers during April 20 — March 21. The Education Team although furloughed for most of this time were taken off furlough to progress the following

Community engagement engagement The introduction of a Community: Engagement Engagement Coordinator via funds from UK RI and Wellcome Trust has enabled Catalyst to to build stronger links in the community, Through this new role Catalyst had extended public access into its museum archive through projects such as the Arts Council England funded ‘Two Centuries of Stink: Smell Mapping Widnes Past and and Present’. a, One of Catalyst’s of Catalyst’s Catalyst’s key community partnerships has been with community partnerships has been with partnerships has been with has been with been with with local mental mental health charity Mind, Mind, Halton. Catalyst and Mind, in collaboration, have designed and delivered an innovative science science inspired wellbeing programme ‘MindLab’ that blends blends cognitive behavioural behavioural therapy (CBT) with (CBT) with with science activities. This work was supported by work was supported by was supported by supported by by funding from the ineos Community Fund. , Donations, grants and sponsorship grants and sponsorship and sponsorship sponsorship Sponsorship from industry and personal sponsorship has continued during the period, although industrial sponsorship has been reduced due to the impact of the the Covid-19 pandemic on some companies. The major sponsors throughout the year have been INOVYN, Arts Council England, Chemical Industries Association, : Granada Foundation plus personal donations from the Brunner family, the Gossage family, Dr Diana Leitch : MBE and Mr John Blewett. . The sponsorship package based on the periodic table, which incorporates a tiered package of benefits,

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 - I Financial review A summary of the year's results can be found on page 10 of the attached accounts.

During the year, the total incoming resources were £614,276 as compared to £1,259,945 in the previous year.

Total resources expended in the year were £464,868 as compared to £523,293 in the previous year. The free reserves of the charity at 31 March 2021 were £51,099 as compared to £28,368 the previous year.

Free reserves are the charity's unrestricted funds that are freely available to spend on the charity's purposes.[.] Free reserves exclude restricted income funds of £182,942 (2020: £202,080) and tangible fixed assets with a specific net book value of £985,326(2020: £839,511). . +=. ; , og

Reserves policy SE It is the general policy of the charity that the free reserves of the charity, which have not been designated for a specific use, should be working towards a level equivalent to six months’ expenditure. In real terms this equates to approximately £150,000.

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The free reserves of the charity were £51,099 at the year end. Most ‘of the charity's reserves are held in fixed assets being the museum building improvements and exhibitions, The museum will continue to review the reserves policy on an annual basis.

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Risk Management one - , The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are ~ in place to mitigate exposure to the major risks. A comprehensive Risk Register is maintalned by the Finance & Risksub-group,who provide detailed oversight, and reviewed at every Board meeting. Catalyst's Trustees are responsible for the management of the risks faced by the charity. A formal review of the charity's risk management processes is undertaken on an annual basis, and at every meeting of the Board of Trustees via the financial data and the Risk Register.

The key controls used by the charity include: « formal agendas and minutes for all committee and board activities, « terms of reference for all committees; a *» comprehensiveestablished organisationalstrategic planning,structurebudgeting and lines andof reporting;management accounting;

Through the risk management processes established for the charity, the Trustees are satisfied that adequate mitigation measures have been identified for the major risks. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM. TRUST LIMITED a TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) ; FOR THE YEAR ENDED 31 MARCH 2021 cle : Industrial sponsorship has remained challenging with the chemical industry. However, work is continuing to maximise funding opportunities and particularly related to future development plans for Catalyst. The initial response from the public to our new offer has been fantastic enabling the Trustees to take a positive view on Catalyst's future. ; sy a ; The Trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are . in place to mitigate exposure to the major risks. Dos Dee a a Our Plans for the future . oe es i mo The Trustees remain committed to maintaining / increasing revenue and sponsorship, and applying for‘grants ~ : and awards that can positively contribute towards Catalyst's sustained financial stability. Post Covidi19 the Charity plans to take a more innovative approach to some elements of our offer. New ideas being developed including heritage Afternoon Teas in the Observatory, Science Birthday Parties, digital workshops, and ~ temporary exhibitions. In addition, we have a new moblle Planetarium, providing opportunities for exciting new workshops on and off-site. These will all be showcased In the new marketing materials... - . Our ambition is to better connect with and support our local community in addition to existing audiences and will be led by our community engagement coordinator. This includes the work with Mind, Halton. ; The collection remains under the care of our Collections Officer. Conservation and digitisation work will continue, with increased publicity of our extensive chemical industry heritage/digital archives Is planned. We anticipate that Adult group visits to Catalyst will start again following the external talks given across NW England to Wis, Probus, U3A groups and historical groups by Dr Diana Leitch MBE. The Grant Sponsorship Group have focussed on developing a bid to National Lottery Heritage Fund for the upgrading of the Birth of an Industry Gallery, which Is nearly 30 years old and dated in its presentation. The Group will continue to review opportunities to bid for other relevant funds. Bo a

Athe major Covid-19 Strategytransition reviewstrategywill be andheld takein 2021/22, forwardthis the outputwill include of thehow governance the Charity review.progresses the third phase of

Structure, governance and management

The Board of Trustees is responsible for the overall governance of the charity. The affairs of the charity are administered by a Council of Management, the members of which occupy the positions of directors for the purposes of the Companies Act. . The Trust has a board of trustees comprising industry executives, senior education specialists and academics, representatives of chemical industry organisations, local historlans and representatives from Halton Borough Council. ,

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

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|||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |The|Trustees,|who|are|also|the|directors|for|the|purpose|of|company|law,|and|who|served|during|the|year| |were:| |Cllr|Sandra|Baker| |Mrs|Kerry|Bibby|(appointed|28|November 2019,|resigned|19|May|2020)| |Dr|Jennifer|Clucas| |Mr|Roy|Coldwell| |Mr|Bryan|Davies| |Ms|Stephanie|Davies| |Mr|Howard|Hopwood| |Professor|David|Hornby|(resigned|12 August|2021)| |Dr|Diana|Leitch|MBE| |Mrs|Melissa|Lord| |Dr|Michael|Pitts| |Mrs|Vicki|Richardson|(appointed|22|October|2019,|resigned|12|January|2021)| |Mr Andrew|Ritchie| |Mr|Robert|Roach| |Clir|Pamela Wallace|(resigned|22|October|2021)| |Dr|Donald|Westwood| |Ms|Rachel|Wilkinson| |Mr|David|Yaxley|(resigned|25|February|2021)|

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The Trustees are responsible for the appointment of new Trustees. New Trustees will only be appointed after due consideration is given to eligibility, personal competence and specialist skills. New Trustees, when appointed, are inducted into the working of the charity by the existing Trustees.

None of the Trustees has any beneficial interest in the company. Ail of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Friends of Catalyst Friends of Catalyst is a separate charity, which exists to support and further the work of the Trust. Members of . the Friends have kindly assisted Catalyst by offering financial support to a third-party bid, volunteering, , working with the collection and liaison with key stakeholders on matters related to Catalyst’s operations. The : ‘SciBar’ events were suspended during Covid-19 lockdowns; it is expected they will re-start and continue to attract interesting speakers and a regular audience of 30 people per session.

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

nn Other matters The Trustees would like to express their grateful thanks to the following organisations and individuals who have supported the Trust during the past year:

supported the Trust during the past year:year:
Ames Goldsmith / Ceimig
Andrew Ritchie .
Arts Council England (Culture Recovery Fund 1 and 2)
Association of Science Discovery Centres (ASDC)
BrunnerFamily		 :
BYK
Chemical Industries Association (CIA)
DavidYaxley
Dr Diana Leitch
DrIngeborg Buschmann
DrJenny Clucas .
Emerald Kalama
Foyle Foundation
Friends of Catalyst
Garfield Weston Foundation
Gossages Family
Granada Foundation
HaltonBoroughCouncil
Hodge Family
Howard Hopwood
Inovyn
Ineos Community Fund
KLB Financial Management Ltd
Meade King Robinson
MerseyGateway
Mind, Halton
MrJohn Blewett
Novelis
ProfessorAlan Dronsfield
Royal Society ofChemistry
RS Clare
UK RI
Victrex
Viridor Credits
WellcomeTrust
Whitefire Ltd
WilliamBlythe

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: In addition, they are grateful for companies’ support to Catalyst in kind in various ways from installations of major exhibits to materials used in workshops: Innospec, Stephenson Personal Care, ICE, ReAgent and Ingevity.

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

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Statement of Trustees' responsibilities

The Trustees, who are also the directors of Catalyst Science Discovery Centre and Museum Trust Limited for the purpose of company law, are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trustees to prepare financial statements for each financial year which give a true . and fair view of the state of affairs of the trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently;

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. - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in operation.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the financial staternents comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. .

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The Trustees’ report was approved by the Board of Trustees.

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Dr Diana Leitch MBE Chair of Trustees ( Dated: ... AmilAT AC

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

INDEPENDENT EXAMINER'S REPORT ; : TO THE TRUSTEES OF CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

I |report to the Trustees on my examination of the financial statements of Catalyst Science Discovery Centre and Museum Trust Limited (the trust) for the year ended 31 March 2021.

Responsibilities and basis of report As the Trustees of the trust (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of; the trust are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the trust's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

. Independent examiner's statement Since the trust’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. | have completed my examination. | confirm that no matters have come to my attention in connection with

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| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

ePMaM Solow for Burana UP

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Helen Clayton BSc FCA

PM+M Solutions for Business LLP New Century House GreenbankChallenge Way Technology Park Blackburn Lancashire BB1 5QB

Dated: .cesccsersserreesrenes

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

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STATEMENT OF FINANCIALACTIVITIES STATEMENT OF FINANCIALACTIVITIES STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOMEAND EXPENDITUREACCOUNT
FOR THEYEAR ENDED 31 MARCH 2021
ee
Unrestricted
Restricted
Total Unrestricted
Restricted
Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
Notes
Incomefrom:
Donations and legacies
3
Charitable activities
4
Othertrading activities
5
Investments
6		 £
131,447
10,727
3,193
5,520
—___—_—.		 £
463,389
-
-
"
—__		 £
594,836
10,727
3,193
5,520
S$		 £
196,331
113,806
44,585
22,080
——_—__—-		 £
883,143
-
-
-
—__—-		 £
1,079,474
113,806
44,585
22,080
—____
Total income 150,887 463,389 614,276 376,802 883,143 1,259,945
Expenditure on:
Raisingfunds
7		 24,305 . 24,305 52,664 - 52,664
Charitable activities
8		 341,009 99,554 440,563 384,733 85,896 470,629
Total resources
expended		 365,314 99,554 464,868 437,397 85,896 523,293
Net (outgoing)!
incoming resources
beforetransfers		 (214,427) 363,835 149,408 (60,595) 797,247 736,652
:
Gross transfers
between funds		 382,973 (382,973) - 640,212 (640,212) -
Net Income/(expenditure)
forthe year/
Netmovementinfunds
Fund balances at 1
April 2020		 168,546
867,879		 (19,138)
202,080		 149,408
1,069,959		 579,617
288,262		 157,035
wo
45,045		 736,652
ee
333,307
Fund balances at 31
March2021		 1,036,425 182,942 1,219,367 867,879 202,080 1,069,959

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

BALANCE SHEET

AS AT 31 MARCH 2021

AS ATAT 31 MARCH 2021 AS ATAT 31 MARCH 2021 AS ATAT 31 MARCH 2021 AS ATAT 31 MARCH 2021 AS ATAT 31 MARCH 2021 AS ATAT 31 MARCH 2021
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2021 2020
Notes £ £ £ £
Fixed assets
Tangible assets		 12 :
985,326		 839,511
Current assets
Stocks
Debtors
Cash atbank and inhand		 : 13
14		 3,543
40,305
230,542		 3,576
54,210
355,679
274,390 413,465
Creditors: amounts
oneyear
Net current assets		 falling due within 17 (29,683)
——		 244,707 (168,810)
——		 244,655
Total assetslesscurrentliabilities 4,230,033 1,084,166
Creditors: amounts
morethan oneyear		 falling due after 18 (10,666) (14,207)
Netassets
Income funds
Restricted funds
Unrestrictedfunds		 . 419 1,219,367
_—
182,942
1,036,425		 1,069,959
—_
202,080
867,879
1,219,367 1,069,959

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2021 a The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of | sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. i | The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared In accordance with the provisions applicable: to companies subject to the small companies regime.

The financial statements were approved by the Trustees on AoNA4— 204

Dr Diana Leitch MBE Chair of Trustees

Company Registration No. 2115913

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2021

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|||||||||| |---|---|---|---|---|---|---|---|---| |SO| |2021|2020| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash generated from|operations|23|190,837|907,337| |Investing|activities|.| |Purchase|of tangible|fixed|assets|(314,810)|(635,290)| |Investment|income|received|5,520|22,080| |Net cash|used|in|investing|activities|(309,290)|(613,210)| |Financing|activities| |Repayment of bank loans|(3,435)|(3,605)| |Payment|of obligations|under|finance| |leases|(3,249)|(2,980)| |Net cash|used|in financing|activities|(6,684)|(6,585)| |———|———| |Net|(decrease)/increase|in|cash|and|cash| |equivalents|(125,137)|287,542| |Cash|and|cash|equivalents|at|beginning|of year|355,679|68,137| |Cash|and|cash|equivalents|at end|of year|230,542|355,679|

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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1 Accounting policies Charity information a . : Catalyst Science Discovery Centre and Museum Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Gossage Building, Mersey Road, Widnes, Cheshire, WA8 ODF. me co . 4.1. Accounting convention | : : Soe The financial statements have been prepared in accordance with the trust's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The trust is a Public Benefit Entity as defined by FRS 102, : | |

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The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

4.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

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Endowment funds are subject to specific conditions by donors that the capital must be maintained by the trust.

1.4 Income Income is recognised when the trust Is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. .

In the case of the grant, evidence of entitlement will usually exist when the formal offer of funding is communicated In writing to the charity. However some grants contain terms or conditlons that must be met before the charity as entitlement to the resources. ; - In the case of a donation, entitlement usually rises immediately on its receipt. However, some gifts may include terms or conditions which must be met before the charity is entitled to the resource is. What terms and conditions have not been met or uncertainty exists as to whether the recipient charity can meet the terms or conditions otherwise within its control, the income should not be recognised but deferred as a liability until it's probable that the terms or conditions imposed can be met. | nn | -14| |

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED . NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 mo, oe maa 1 Accounting policies _ (Continued)

A grant that is subject to performance related conditions received in advance of delivering the goods and services required by that condition, or Is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for the liability insured on the balance sheet as deferred income. Deferred income Is released to income in the reporting period in which the performance related or other condition , that is limited recognition are met. Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. : ae . Fos . 1.5 Expenditure a Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure Is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. — Charitable expenditure comprises those costs incurred by the charity in the delivery of Its activities and services for its beneficiaries. It includes both costs that can be allocated directly to. such activities, and those costs of an indirect nature necessary to supportthem. - . 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. :

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: ; Freehold land and buildings 4% Straight line Exhibition and plant Between 8% & 20% straight line Fixtures and fittings 20% straight line .

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

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4.7 Impairment of fixed assets At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

4.8 Stocks po re Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items’ held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. ,

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITEDNOTES TO THE FINANCIAL STATEMENTS (CONTINUED) | ) | FOR THE YEAR ENDED 31 MARCH 2021 a 1Accounting policies (Continued) |[i] | 4.9 Cash and cash equivalents | Cash and cash equivalents include cash In hand, deposits held at call with banks, other short-term liquid | investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 4.10 Financial instruments’ oO | The trust has elected to apply the provisions of Sectlon 41 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financlal instruments. Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the |

Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual provisions of the instrument.

Financlal assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price Including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ;

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unlesspresent valuethe arrangementof the futureconstitutespaymentsa financingdiscountedtransaction,at a marketwhererate ofthe interest.debt instrumentFinancial isliabilitiesmeasured classifiedat the as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the trust's contractual obligations expire or are discharged or cancelled.

4.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

4.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 a 1Accounting policies (Continued)

1.13 Leases Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included[in][the] balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest Is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability. 2 Critical accounting estimates and judgements . |

estimatesIn the application and assumptionsof the trust'sabout theaccounting carrying policies,amount ofthe assetsTrustees and liabilitiesare requiredthat areto notmake readilyjudgements, apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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The estimates and underlying assumptions are reviewedon an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

a

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|||||||||| |---|---|---|---|---|---|---|---|---| |3Donations|and|legacies| |'|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |funds|funds|funds|funds| |2021|2021|2021|2020|2020|2020| |£|£|£|£|£|£| |Donations|and gifts|122,947|42,500|165,447|425,138|2,010|127,148| |Grants|received|8,500|420,889|429,389|71,193|881,133|952,326| |131,447|463,389|594,836|196,331|883,143|1,079,474| |Grants recelvable for| |core|activities| |Inspiring|Sclence|Fund|-|137,694|137,694|21,193|679,134|700,327| |Coronavirus Job| |Retention|Scheme|-|123,273|123,273|-|~|-| |National|Hefltage|Lottery|-|8,600|8,600|-|6,010|6,010| |Arts|Council England|.|145,800|145,800|-|-|-| |Other|4,478|5,522|10,000|50,000|102,817|452,817| |Aim/Biffa|°|-|-—|"|-|10,848|10,848| |‘|.|-|-|20,000|20,000| |Foyle|Foundation|“| |Royal|Society|of| |Chemistry|-|-|-|-|.|14,396|14,396| |Viridor|«|-|"|-|47,928|47,928| |Other|4,022|-|4,022|-|-|-| |8,500|420,889|429,389|71,193|881,133|952,326| |4|Charitable|activities| |Museum|Museum| |admissions|admissions| |2021|2020| |£|£| |Sales within|charitable|activities|10,727|113,806|

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

NOTES TO THE FINANGIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

5 Other trading activities

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||||||| |---|---|---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |2021|2020| |£|£| |Café|and|catering|.|2,693|32,698| |Shop income|500|11,887| |Other trading|activities|:|3,193|44,585| |6|Investments|;| |||.|Unrestricted|Unrestricted| |funds|funds| |2021|2020| |£|£| |Rental income|5,520|22,080|

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||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Unrestricted| |funds|funds| |)| |2021|2020| |£|£| |Trading|costs| |Operating|trading company|undertaking|non-charitable|trading|activity|1,283|18,499| |Other trading|activities|(587)|6,144| |Staff costs|23,609|28,021| |Trading|costs|24,305|«52,664| |24,305|52,664|

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FORTHEYEARENDED 31 MARCH 2021 **
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8
Charitable activities
Museum Museum
and exhibitsand exhibits :
2021 2020
£ £
Staffcosts 112,869 201,976
Other staff costs 1,585 - .
Depreciation and impairment 163,496 107,090
Office administration 5,577 17,196
Insurance 5,554 6,162
Meeting provisions . 2,219
Advertising
Bankcharges		 525
665		 2,139
3,312
Motorand travel 1,511 1,200
Sundry
Project expenditure		 5,431
94,153		 3,020
71,091
IT 9,324 3,446
Equipment lease 1,218 4,350
Heat, light and rates 7,537 32,025
Repairs and maintenance
Finance lease interest		 12,197
1,573		 7,711
1,842
Training
Loss/(Gain) on sale oftangible assets		 613
5,500		 -
.		 i
429,328 464,779
Share ofgovernance costs(seenote 9) 11,235
—_—__
440,563		 5,850
—___
470,629
FS
Analysis byfund
Unrestrictedfunds
Restricted funds		 eeeseseses—i—i—s 341,009
"99,5540
384,733
440,563 470,629

CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2021 FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2021 FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2021 FOR THE YEAR ENDEDTHE YEAR ENDEDYEAR ENDEDENDED 31 MARCH 2021
ac
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9 Support costs Support Governance
2021
Support Governance
2020
costs
costs
costs
costs
£
£
£
£
£
£
Audit fees - 2,750
2,750
-
5,850
5,850
Legal and professional . 8,485
8,485
-
-
-
- 14,235
11,238
-
5,850
5,850
Analysed between
Charitableactivities		 . 41,235
44,235
.
5,850
5,850

Governance costs includes payments of £2,750 (2020- £5,100) for independent examination and accountancy fees (2020 - auditor's remuneration). 10 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.

Employees

The average monthly number of employees during the year was:

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: 2021 2020
Number Number
18 18
—— —
Employmentcosts 2021
£		 2020
£
Wagesandsalaries
Social security costs
Other pension costs		 128,078
5,652
2,748		 207,160
18,433
4,404
136,478 229,997

There were no employees whose annual remuneration was £60,000 or more in either year.

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

FOR THE YEARYEAR ENDED 31 MARCH 2021 FOR THE YEARYEAR ENDED 31 MARCH 2021 FOR THE YEARYEAR ENDED 31 MARCH 2021 FOR THE YEARYEAR ENDED 31 MARCH 2021 FOR THE YEARYEAR ENDED 31 MARCH 2021 FOR THE YEARYEAR ENDED 31 MARCH 2021
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Tangiblefixedassets
Freehold land Exhibition and
Fixtures and
Total
andbuildings
plant
fittings
£ £ £ £
Cost
At 1 April 2020
Additions
Disposals		 1,930,985
44,873
(1,765,518)		 2,548,527
222,053
(773,956)		 480,160
47,884
(78,346)		 .
4,959,672
314,810
(2,617,820)
At 31 March 2021 210,340 1,996,624 449,698 2,656,662
Depreciation and impairment
At 1 April 2020
Depreciation charged In the year
Eliminated in respect ofdisposals		 1,806,200
7,452
(1,764,131)		 2,112,473
77,407
(771,012)		 201,488
78,637
(77,178)		 .
4,120,161
163,496
(2,612,321)
At31 March 2021 49,521 1,418,868 202,947 1,671,336
+ SS ——__—_— —_——___.
Carrying amount
At 31 March 2021		 160,819 577,756 246,751 985,326
At31 March 2020 124,785 436,055 278,671 839,511
The land and buildings are leased to the charity for a peppercorn rent by Halton Borough Council on a 99
year lease from 1 January 1989.
13 Stocks
2021 2020
£ £
Finished goodsandgoodsforresale 3,543 3,576
14 Debtors
:		 2021 2020
Amounts falling due within one year: £ £
Tradedebtors 2,264 859
Otherdebtors 35,226 24,524
Prepayments and accrued income 2,815 28,827
40,305
——————		 54,210
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Other taxation and taxation and and social security 3,918 2,941 | Trade creditors 10,920 141,444 Other creditors 6,836 6,691 Accruals and deferred income 4,468 41,050 : 29,683 168,810 48 Creditors: amounts falling due after more than more than than one year ' 2021 2020 Notes £ £ | | Obligations under finance finance leases 16 10,666 14,207 : | i j : | | | |a | | |

CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

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||||||| |---|---|---|---|---|---| |NOTES TO|THE|FINANCIAL STATEMENTS|(CONTINUED)| |FOR THE YEAR|ENDED|31|MARCH|2021|:| |ST| |145|Loans and overdrafts| |2021|2020| |Bank|loans|-|3,435| |Payable within one year|-|3,435| |The bank loans are unsecured.| |46|Finance|lease|commitments| |Future minimum|lease payments due under finance|leases:|2021|2020| |£|£| |Within one year|3,541|3,249| |Within two|and|five|years|10,666|14,207| |14,207|17,456| |.|——=|———|

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The lease of the solar panels is for a term of 7 years. The lease is on a fixed repayment basis with an effective rate of interest of 9.01%.

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||||||||| |---|---|---|---|---|---|---|---| |47|Creditors:|amounts|falling|due|within|one|year| |2021|2020| |.|Notes|£|£| |Bank|loans|15|-|3,435| |Obligations|under finance|leases|16|3,541|3,249| |Other taxation and taxation and and|social|security|3,918|2,941| |Trade|creditors|10,920|141,444| |Other|creditors|6,836|6,691| |Accruals|and|deferred|income|4,468|41,050| |29,683|168,810| |48|Creditors:|amounts|falling|due|after more than more than than|one|year| |2021|2020| |Notes|£|£| |Obligations|under finance finance|leases|16|10,666|14,207|

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CATALYST SCIENCE DISCOVERY CENTRE AND MUSEUM TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

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19 Restricted funds

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19 Restricted funds Restricted funds Restricted funds : : : :
The income funds ofthe charity include restricted funds comprising thefollowing following unexpended balances of
donations and grants held on trust forspecific purposes.
Movement in funds
Balance at
1 April 2020		 Incoming
resources		 Resources
expended		 Transfers
_—_Balance at
;
34 March 2021
: £ £ £ ££... £
Inspiring sciencefund
ACE -Smell Map
RSC -IYPT
RSC -Chemistry atwork
RSC -Elements ofHalton
Herritage Lottery Fund
ioP- Small Stories
Arts Council England
Gossage Family
Wellcome Covid Topup
Plaque
oe
Education & Inclusion
HaltonBorough Council
IneosCommunity Fund
Emerald Chemicals
ASDC - Sciencefund
CoronavirusJob Retention Scheme		 164,722
9,845
2,115
5,120
8,000
9,698
2,580
-
-
-
-
-
a
.
-
.
-
"		 82,694
-
-
-
-
8,600
-
145,800
22,000
55,000
400...
1,500
4,022
9,000
9,600
1,500
423,273		 (2,242)
(184,155)
-
-
-
.
-
-
(5,620)
-
(8,600)
(9,698)
(242)
-
(67,730)
(16,355)
=
(41,737)
(15,024)
(12,229)
CoG
-
.
(1,500)
.
(4,022)
(96)
(8,904)
.
(9,600)
-
(1,500)
”
(123,273)		 61,020
9,845
2,115
5,120
2,380
-
2,338
61,715
10,263
27,747
400
.
:
-
-
-
-
ee
202,080
oO		 463,389
oO		 (99,554)
———_		 (382,973)
=—_		 182,942
=
20 Analysis ofnet assets betweenfunds
Unrestricted
funds		 Restricted
funds		 Total Unrestricted
funds		 Restricted
funds		 Total
Fundbalances at31 2021
£		 2021
£		 2021
£		 2020
£		 2020
mR		 2020
OR
March 2021 are
represented by:
Tangibleassets		 985,326 - 985,326 839,511 “ 839,511
Current assets/
(liabilities)
Longterm liabilities		 61,765
(10,666)		 182,942
-		 244,707
(10,666)		 42,575
(14,207)		 202,080
-		 244,655
(14,207)
1,036,425 482,942 1,219,367 867,879 202,080 1,069,959

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|||||||||| |---|---|---|---|---|---|---|---|---| |21|Operating|lease|commitments| |At the|reporting|end|date the|trust had|outstanding|commitments|for future minimum|lease payments under| |non-cancellable operating|leases, which|fall due|as|follows:| |2021|2020| |Within|one|year|mG|432|.| |Between two and|five years|4,080|-|

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22 Related party transactions

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|||||||||| |---|---|---|---|---|---|---|---|---| |There were no disclosable|related|party transactions|during the year (2020|- none).| |23.|Cash|generated|from|operations|2021|»|2020| |{| |Surplus|for the year|149,408|736,652||| |Adjustments|for:| |Investment income|recognised|in statement|of financial|activities|(5,520)|.|(22,080)||| |Loss|on|disposal|of tangible|fixed|assets|5,499|-||| |Depreciation|and|impairment of tangible|fixed|assets|163,496|107,090| |Movements|In working|capital:||| |Decrease|in|stocks|33|1,520| |Decrease/(increase)|in|debtors|7|7|13,905|(51,529)||| |(Decrease)/increase|in|creditors|(135,984)|135,684|:| |Cash|generated|from|operations|190,837|907,337| |24|Analysis of changes|in net funds|:| |At|1|April|2020|Cash|flowsAt|31|March|2021| |£|£|£| |Cash|at bank and|in|hand|355,679|(125,137)|230,542||| ||| ||Loans falling|due|within|one year|(3,435)|3,435|-| |Obligations|under finance|leases|(17,456)|3,249|(14,207)| |||334,788|(118,453)|246,335|:|

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