COMPANY REGISTRATION NUMBER: N1624114 CHARITY REGISTRATION NUMBER: NIC100332 Science Festivals Nl Company Limited by Guarantee Unaudited Financial Statements 30 April 2024 Finegan Gibson Ltd Chartered accountants Causeway Tower 9 James Street South Belfast BT2 8DN
Science Festivals Nl Company Limited by Guarantee Financial Statements Year ended 30 April 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) 11 Statement of financial position 12 Notes to the financial statements 13
Science Festivals Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 30 April 2024 The trustees. who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 April 2024. Reference and administrative details Registered charity name Science Festivals Nl Charity registration number NIC100332 Company registration number N1624114 Principal office and reglstered 3rd Floor office Botanic House Botanic Avenue Belfast BT7 1JG The trustees Elizabeth Conlon (Treasurer) Claire Lyttle (Secretary) Judith HaNey Jonathan Wallace Alan Filzsimmons Arlthony Byrne William Connor Victoria Simms (Chairperson) Donna-marie Rogers Sara Catherine Gunn-smith Cailin Lynn Simon Bailie (Resigned 30 November 2023) (Resigned 9 Dember 2024) (Appointed 9 December 2024) (Appointed 9 December 2024) Independent examiner Finegan Gibson
Science Festivals Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (Continued) Year ended 30 April 2024 Structure, governance and management Governing Document Science Festivals Nl is a company limited by guarantee governed by its Memorandum and Articles of Association dated 15th April 2014. Science Festivals Nl is a registered charity with the Charity Commission for Northern Ireland. Science Festivals Nl is a membership organisation each of whom agrees to contribute £1 in the event of the charity winding up. Appointment of trustees The Chairperson and the Trustees recruit and select new Trustees as needed. New Trustees are recruited on the relevance of their professional skills, and their potential to be able to make a helpful contribution to the governance of the charity. As part of the recruitment process they are made aware of a Trustees, legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision making processes, the business plan and recent financial performance of the charity. Once the potential new Trustee has agreed to be considered for appointment to the role, the Trustees meet to review and to vote on the candidates, suitability for appointment. If there is unanimous agreement their names are then proposed for appointment to the voting Members of the Company at the next Annual General Meeting.
Science Festivals Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conlinuedj Year ended 30 April 2024 Objectives and activities The purposes of the charity are to advance the education of the public about science by offering aCSsible. creative and relevant activities to the broadest possible range of people in particular (but not exclusively) by- Providing events that enable the broadest possible group of people to have a better understanding of how science is part of, and impacts on, their everyday life; Providing an annual science festival in Northern Ireland accessible to all members and the public to enable and promote better understanding of how science. technology, engineering, maths and the arts are part of, and impacts on, their everyday life- Collaborating with local educational institutions, businesses, arts organisations and charities to engage the public with scientific and technological developments; Providing a platform for the scientists in Northem Ireland andlor United Kingdom andlor Ireland to talk to a diverse audience about what they do, and stimulate interest in their work. Facilitating dialogue beeen scientists and the public providing hands on, interactive science events with broad and lasting impact which will encourage increased public engagement across Northern Ireland; Building relationships with other similar science activities and festivals to share best practice, ideas and resources- Promote openness about science in society between scientists and the public. Promote the intercourse of those who cultivate science. particularly through the arts, in different parts of Northem Ireland, the reminder of the United Kingdom, Europe and beyond. Maintain. developing and extending the social and international relations of science. In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit. We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review look5 at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activilies. In particular. the trustees consider how planned activities will contribute to the aims and objectives they have set.
Science Festivals Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 30 April 2024 Achievements and performance Activity The main activity and duty of the Festival is to run an 11 day Festival taking place in February. This took place across over 110 venues across Northern Ireland with live events for all ages. We had over 340 unique events and perfomiances, which consisted of a mixture of international and local speakers, with events developed by both the Festival and its partners for the public. schools and educators programmes. Performance With an audience exceeding 45.000 people. the Nl Science Festival exceeded our expectations of what was achievable in a challenging year of cost of living concern5, increased activity and the team working on multiple projects. Audience and stakeholder feedback has been overwhelmingly p051tive, with 96 % of respondents indicating that they would come to similar events in the future. 580/0 of respondents were new visitors to the festival. The Festivals partnership with the Nerve Centre continued with the team focusing on delivering the schools programme and as51Sting the core team with programming the North West programme. This approach paid dividends with the schools programme expanding massively from previous years. Continued investment in the schools programme should be explored as an option in future years. Our extensive reach has always been important to us and balancing this direct engagement activity alongside that of our partners is key to continuing the connection we have with communities across the whole of Northern Ireland. This year over 25 % of the festival was free to attend. Regional events increased by 9°/0 this year, with 53 /0 ofthe public event programme taking place outside Belfast City. The quality of events surpassed the high bar reached in previous years, and has shown growth since the effects of the Covid Pandemic have subsided, providing a firm foundation for future consolidation and growth for our eleventh festival in 2025. Key Events SGien¢e Communication skills. The festival brought back 'FameLab' after a 5 year hiatus to great success, partnering with Queens and Ulster University. FameLab is designed to find and support the next generation of Nl Science Festival science communicators and equip them with the skills to engage the public in their research in an exciting and engaging way. The process provides training and support to upskill researchers in best practice for communicating their research to the general public. FameLab also gives access to a a worldwide network of trainers and institutions for sharing resources. We had over 40 applications from local candidates and 11 finalists presenting their work during the festival. The winner Aaron Monson went on to take part in the UK Final. Autopsy Commission Commissioned by NISF, AUTOPSY was a live theatrical exploration through the anatomy created by Axolotl. A multi-sensoryjourney that educated and informed on the importance of the greatest machine., the human body. Dr Marise Heyns, Senior Lecturer in Anatomy at Ulster University provided expert guidance on the processes in an autopsy which informed the final production. Local actor Mary Lindsay provided the voiceover of the anatomist. This project will encourage the festival to look at future commissions of unique work.
Science Festivals Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 30 April 2024 The Compass The Compass was a projection mapped installation in Belfast's 2 Royal Avenue space, celebrating science by bringing to life the thoughts, hopes and dreams of researchers from across the UK. British science researchers are revealed as pioneering explorers on voyages of discovery, with new horizons to explore. Featuring the voice of Dr Chris MGonigle of Ulster University. The Compass was commissioned by the British Science Festival, Created by Illuminos. and produced by event production specialists, Inspirate and presented at the festival as our key opening event. Regional Roadshow The festival is committed to reaching across Northern Ireland and bringing high quality science communication to families through the Regional Roadshow. The tour went to Bangor, Newcastle. Enniskillen and Portrush and featured iwo newly developed shows. The Super Nature Show with BBC'S Chantelle and Rory. Co-produced by Chantelle and Rory, originated from their beloved Cbeebies program, Tiny Tiny Creatures, for ages 3- 6. This was developed with RSPB'S support and was their first ever in theatre-style performance. The Science of Jurassic Wodd featuring Jon Chase, a seasoned science communicator. led his first interactive talk on the Jurassic World franchise, targeting children 8yrs+ Paired with local palaeontologist Mike Simms, from National Museums Northern Ireland, they provided engaging interaction with rocks and fossils for the audience. Foyle Science Showcase We continued to support work in the North West and brought back the Foyle Science Showcase after a period of hiatus after Covid. We had over 1000 attend the public day and over 600 at their schools day. Featuring stands from Loughs Agency. Acorn Farms. various ARIVR and Al based events from the Ulster University, Kainos and Geoenergy Nl. We were excited to be able to have a mini Planetarium at the event thanks to the help ofthe Armagh Planetarium and to host BBC weatherman. Barra Best, show the young people how a weather report is made and use a green 5Green to produce their own reports.
Science Festivals Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {continued) Year ended 30 April 2024 Achievements and performance (continued) Rathlin Island Events The Nl Science Festival wishes to reach all corners of Northern IReland with programming and for year two of our work on Rathlin Island established partnerships with RSPB and Manor House hotel. 24 events took place on the Island, with 600 hours of engagement. 28kg of litter was removed during a beach clean. Full STEAM Ahead For the landmark 10th year, Nl Science Festival took over the Ulster Transport Museum with a day of interactive activities, workshops, immersive experiences. This was a pilor project with NMNI, as an audience engagement tool and we hope to continue in future festivals. Over 2.200 attended the event and 910/0 were satisfied. Dark Matters Dark Matters: A night of shortfiction inspired by John Stewart Bell and CERN celebrated one of Belfasvs most famous physicists through fiction. biography and a little bit of science. The event was supported by the British Council and included- Lucy Caldwell - Award winning Belfast author. Fellow of the Royal Society of Literature, and thewriter ofthe short story'Dark Matters,. featUd in Collisions. Michael Davis A computer scientist and software engineer working for CERN. Michael joined the Storage and Data Management group in CERN'S IT department, where he now leads the team responsible for the long- term archival storage of the physics data and Andrew Whitaker - A Professor of Physics at Queens, University Belfast. Year Round Programme Over 21.500 people were engaged in our year round programme of events. British Science Association Genomics Projects We held Discover Dogs Day, looking at genetics. healthcare and assistance dogs at Queens, University with a series oftalks. demos and exhibits. Songs of Genomics was a collaboration with the Clinical Ethics Law Society and HIVE Choir to create and perform new songs about genetics. Earth Day- The Festival teamed up with Brink! To host a day of climate activities, including a seed swap, panel discussion and a talk from headline Speaker Dr Maggie Aderin-Pocock. Belfast Maritime Festival Curated by the festival. Science Street included interactive exhibits, live performances and engaging science activities exploring topics such as navigation. marine biology and biodiversity. Over 20.000 attended.
Science Festivals Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 30 April 2024 Financial review Science Festivals made a loss during the year of £9.373 (2023: £99,685 surplus). At 30 April 2024, Science Festivals had unrestricted reserves of £374,188 and restricted funds of £5,688. Reserves policy and going concern ReseNes are needed to bridge the timing gap between spending and receiving of income and to cover unplanned temporary shortfalls in income should they arise. Holding adequate reserves safeguards the provision of our services in the event of unexpected significant financial pressures. The organisation is currently dependent on a small number of key funders to sustain its activities. This means that if there were to be a gap in this income or a funder{s) did not commit to the next Festival, Science Festivals Nl would face significant financial pressure threatening its contractual commitment to deliver a Festival and the future sustainability of the organisation. To mitigate risks associated with funding difficulties the board has agreed to set a target level offinancial reserves to ensure that main operations can continue and the organisation can still deliver its primary objective of delivering a Festival each year. Unrestricted reserves freely available to spend, therefore excluding fixed assets, restricted reserves and designated reserves amounted to £373,981 which was in line with the target level. The trustees believe this represents a sufficient level of reserve to ensure that the going concern assumption is appropriate. Plans for future periods Science Festivals Nl is continuing to grow in scale and has Completed a strategic review in 2023 to plan for the forthcoming 10th Festival with a strategic plan for 2024-2028. The organisation is also planning to continue to grow its reach and range of events throughout Northern Ireland. Cost of Living Crisis The trustees are mindful of the risk to the festival due to the cost of living crisis which will affect funders and audiences. The festival will continue to provide free or low cost events for people across Northern Ireland and look at new funding pathways to protect the organisation. The trustees are mindful of the risk to the festival due to the cost of living crisis which will affect funders and audiences. The festival will continue to provide free or low cost events for people across Northern Ireland and look at new funding pathways to protect the organisation.
Science Festivals Nl Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 30 April 2024 Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees. annual report was approved on 9 December 2024 and signed on behalf of the board of trustees by- Claire Lyttle (Secretary) Trustee Victoria Simms (Chairperson) Trustee
Science Festivals Nl Company Limited by Guarantee Independent Examiner's Report to the Trustees of Science Festivals Nl Year ended 30 April 2024 I report to the trustees on my examination of the financial statements of Science Festivals Nl I'the charity,) for the year ended 30 April 2024. Responsibilities and basis of report As the trustees of the company (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 Charities Act (Northern Ireland) 2008 {the'2008 Act,) and the Companies Act 2006 ('the 2006 ACY). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination I have followed the general Directions given bythe Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act. Independent examiner's statement Since the Gharity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 65 of the 2008 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales IICAEWI, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial statements do not accord with those records- or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Science Festivals Nl Company Limited by Guarantee Independent Examiner's Report to the Trustees of Science Festivals Nl (contlnugd) Year ended 30 April 2024 I confimi that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Finegan Gibson Independent Examiner Causeway Tower 9 James Street South Belfast BT2 8DN 9th December 2024 10
Science Festivals Nl Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 30 April 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Charitable activities Other trading activities Other income 115,360 93.438 237,125 352.485 93,438 602,068 74,529 5,429 Total income 208.798 237,125 445,923 682,026 Expenditure Expenditure on charitable activities Total expenditure 217.059 238,237 455.296 582,341 217,059 238,237 455.296 582,341 Net (expenditure)lincome and net movement in funds 18,261) (1,112) (9.373) 99,685 Reconciliation of funds Total funds brought forward Total funds carried forward 382,449 6.800 389,249 289,564 374,188 5.688 379,876 389,249 The statement of financial activities includes all gains and losses reGognised in the year. All income and expenditure derive from continuing activities. The notes on page$ 13 to 23 form part of these financial statements. 11
Science Festivals Nl Company Limited by Guarantee Statement of Financial Position 30 April 2024 2024 2023 Note Fixed assets Tangible fixed assets 14 207 749 Current assets Debtors Cash at bank and in hand 15 43,679 343,036 386,715 139,907 274,929 414.836 Creditors: amounts falling due within one year Net current assets 16 7,046 26.336 379,669 388.500 Total assets less current liabilities 379,876 389,249 Net assets 379,876 389.249 Funds of the charity Restricted funds Unrestricted funds 5.688 374.188 6,800 382,449 Total charity funds 18 379.876 389,249 For the year ending 30 April 2024 the charity wa5 entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. 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: The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions appliGable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 9 December 2024, and are signed on behalf of the board by.. Claire Lyttle (Secretary) Trustee Victoria Simms (Chairperson) Trustee The notes on pages 13 to 23 form part of these flnan¢ial 5taternents. 12
Science Festivals Nl Company Limited by Guarantee Notes to the Financial Statements Year ended 30 April 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 3rd Floor, Botanic House, Botanic Avenue, Belfast, BT7 1JG. Statement of compliance These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the 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 (FRS 1021 (Charities SORP (FRS 1021) and the Companies Act 2006. Accounting policies Basis of Preparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's abilty to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptior)s that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwo sub-classes: restricted income funds or endowment funds. 13
Science Festivals Nl Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 30 April 2024 Accounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the chartty and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted seNice. This is classified as unrestricted ftjnds unless the is a contractual requirement for it to be spent on a particular purpose and returned if unspent. in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure include5 any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support Gosts and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct ¢05ts attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost. and subsequently stated at Gost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at Ihe date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 14
Science Festivals Nl Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 April 2024 Accounting policies (conlinuedj Tangible assets (contlnued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses. except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation DepcIatiOn is calculated so as to write off the cost or valuation of an asset. less its residual value. over the useful economic life of that asset as follows= Fixtures and fittings Equipment 200/0 Straight line 330/0 Straight line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date. with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairmenttesting, when it is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill. the goodwill acquired in a business combination is. from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of Ihe instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction G05ts. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. 15
Science Festivals Nl Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 April 2024 Accounting poll¢les (continu) Financial instruments (continuedj Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business lerms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value. with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairnent, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually Significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately. to the extent that the reversal does not result in a carrying amount of the financial asset Ihat exceeds what the carrying amount would have been had the impairment not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related Servi is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee The Charity is a company limited by guarantee and has no share capital. In the event ofthe charity being wound up. the liability in respect of the guarantee is limited to £1 per member of the charity. 16
Science Festivals Nl Company Limited by Guarantee Notes to the Financial Statements {¢ontinued) Year ended 30 April 2024 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2024 Belfast City Council Department of the Economy Queen's University Belfast Ulster University British Council British Science Association MCS Tourism Nl Kainos Sponsorship Royal Society of Chemistry RSPB National museums Instilute of Physics Halifax CQ Bid RSPCA Belfast Harbour Commission Innovate UK Derry and Strabane Council Matrix Nl Film Hub Nl The Nerve Centre Open University Arts and Business Collective Act Open College Network 26,200 97,600 93,000 123.800 93.000 5,000 20.000 10.000 10.398 10.000 5,000 20,000 10,000 7,938 2,460 10,000 1,000 5,000 2,000 15,000 2,000 1.000 5.000 2.000 15.000 2.000 500 500 5,000 5.000 20.787 20,787 10,000 5,000 10,000 5,000 5.000 1.200 5.000 4.000 2,800 5.000 5.000 115.360 237,125 352,485 17
Science Festivals Nl Company Limited by Guarantee Notes to the Financial Statements (contlnu8d) Year ended 30 April 2024 Charitable activities (continued) Unrestricted Funds Restricted Total Funds Funds 2023 Belfast City Council Department of the Economy Queen's University Belfast Ulster University British Council British Science Association MCS Tourism Nl Kainos Sponsorship Royal Society of Chemistry RSPB National museums Institute of Physics Halifax CQ Bid RSPCA Belfast Harbour Commission Innovate UK Derry and Strabane Council Matrix Nl Film Hub Nl The NeNe Centre Open University Arts and Business Collective Act Open College NeOrk 99,904 83.000 5,000 99,904 83,000 5,000 20,000 5,000 4,400 10,000 30,000 20,000 5,000 4,400 10.000 30.000 2.000 2.000 5.700 1.000 2,000 3.950 10,000 23,309 10,000 5.000 47,317 5.000 5.700 1.000 2.000 3.950 10,000 23,309 10,000 5,000 47.317 5,000 229,488 229,488 329,488 272.580 602,068 Other trading activltles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Ticket income 93,438 93,438 74.529 74,529 Other Income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gain on disposal of tangible fixed assets held for charity's own use Other income 1,000 4,429 1.000 4.429 5,429 5,429 18
Science Festivals Nl Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 April 2024 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Charitsble activities Governance costs 412,693 28,284 14,319 440,977 14,319 576,101 6.240 412,693 42,603 455,296 582,341 Analysis of support costs Analysis of support costs Total 2024 Total 2023 Premises General office Governance costs 17,273 11,011 14,319 17,273 11,011 14,319 18,436 24,850 6,240 42,603 42,603 49,526 10. Net (expenditure)lincome Net (expenditure}lincome is stated after chargingl(creditingl'. 2024 2023 Depreciation of tangible fixed assets Gains on disposal of tangible fixed assets Loss on disposal of heritage assets Fees payable for the audit of the financial statements 677 632 (1,000) 3,780 11. Independent examination fees 2024 2023 Fees payable to the independent examiner for: Independent examination of the financial statements 2.100 12. Staff costs The total staff costs and employee benefits for the reporting period are analysed a5 follows.. 2024 2023 Wages and salaries Social security Gosts Employer contributions to pension plans 112.751 6.478 5.111 173.388 11.350 4.994 124.340 189.732 19
Science Festivals N I Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 April 2024 12. Staff costs {GontinuedJ The average head count of employees during the year was 3 (2023.. 14). No employee received employee benefits of more than £60,000 during the year (2023: Nil). Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £48.595 (2023:£46.146). 13. Trustee remuneration and expenses The charity trustees were not paid or received any other benefits from employment with the Charity in the year (2023-£Nil). No trustee received reimbursement for tVe1 expenses during the year (2023.. £Nil). No trustee received payment for professional or other services supplied to the charity in the year.12023:£Nil). 14. Tangible fixed assets Equipment Cost At 1 May 2023 Additions 3.215 135 At 30 April 2024 Depreciation At 1 May 2023 Charge for the year At 30 April 2024 Carrying amount At 30 April 2024 At 30 April 2023 3.350 2,466 677 3.143 207 749 20
Science Festivals Nl Company Limited by Guarantee Notes to the Financial Statements fconlinued) Year ended 30 April 2024 15. Debtors 2024 2023 Trade debtors Other debtors 43,679 139,682 225 43.679 139,907 16. Credltors: amounts falling due wlthin one year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes Pension creditor Net wages creditor 2.676 2.100 1.543 727 22.259 3.570 298 209 7,046 26,336 17. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,111 (2023: £4,994). 18. Analysis of charitable funds Unrestricted funds At l May 2023 At Transfers 30 April 2024 Income Expenditure General funds 382,449 208,798 {217,059) 374,188 At 1 May 2022 At Transfers 30 April 2023 Income Expenditure General funds 282,258 409,446 (330,604) 21,349 382.449 21
Science Festivals Nl Company Limited by Guarantee Notes to the Financial Statements (¢onlinued) Year ended 30 April 2024 18. Analysis of charitable funds (continued) Restricted funds At 1 May 2023 At Transfers 30 April 2024 Income Expenditure Department of the Economy Belfast City Council Derry and Strabane Council The NeNe Centre Queens University British Science Association Halifax Belfast Harbour Commission British Council Arts and Business 93,000 97.600 (93.000) (97.6001 20,787 (20,787) 4.400 2.400 7.938 (6.650) (2.400) 5,688 5.000 10.000 2.800 (5.000) (10,000) (2.800) {238,237} 6.800 237.125 5,688 At 1 May 2022 At Transfers 30 April 2023 Income Expenditure Department of the Economy Belfast City Council Derry and Strabane Council The Nerve Centre Queens University British Science Association Halifax Belfast Harbour Commission British Council Arts and Business 83.000 99,904 (82.651) (99,904) (349) 23,309 47,317 5.000 (23.309) (33.623) (5.000) 7.306 {21,000) 4.400 5.700 4.400 2.400 (3.300) 3.950 (3.950) 7,306 272.580 {251,737) (21,349) 6,800 A Transfer has taken place in the prior year which relates to fixed assets. Science Festivals have used funding to purchase an asset which has been transferred to Unrestricted Funds as Science Festivals fully own the asset, no restriction has been placed on the asset. A Transfer has also taken place in the year to reclassfy production fee income to Unrestricted Funds. 22
Science Festivals Nl Company Limited by Guarantee Notes to the Financial Statements fGontlnugd) Year ended 30 April 2024 19. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 207 381.027 17.046) 374,188 207 386,715 (7,046) 379,876 5,688 5,688 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 749 408,036 (26,336) 382,449 749 414,836 (26,336) 389.249 6.800 6,800 20. Corporation tax The Charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly. there is no taxation charge in these accounts. 21. Contingencies A contingent liability exists to repay grants received should certain conditions not be fulfilled by the charity. In the opinion of the Trustees, the terms of the Letters of Offer have been, or will be, complied with and no liability is expected. 22. Related parties There were no related parties in the 23124 year (2023:£Nil) 23
Science Festivals Nl Company Limited by Guarantee Management Information Year ended 30 April 2024 The following pages do not form part of the financial ststements. 24
Science Festivals Nl Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 30 April 2024 2024 2023 Income and endowments Charitable activities Belfast City Council Department of the Economy Queen's University Belfast Ulster University British Council British Science Association MCS Tourism Nl Kainos Sponsorship Royal Society of Chemisty RSPB National museums Institute of Physics Halifax CQ Bid RSPCA Belfast Harbour Commission Innovate UK Derry and Strabane Council Matrix Nl Film Hub Nl The Nee Centre Open University Arts and Business Collective Act Open College Network 123,800 93,000 5,000 20,000 10,000 10,398 10,000 99,904 83,000 5,000 20,000 5,000 4,400 10.000 30.000 1,000 5.000 2.000 15.000 2,000 2,000 5,700 1.000 2.000 3.950 10,000 23,309 10,000 5,000 47,317 5,000 500 5.000 20.787 10,000 5,000 5,000 4,000 229.488 5,000 352,485 602.068 Other trading activities Ticket income 93,438 74.529 Other income Gain on disposal of tangible fixed assets held for charity's own use Other income 1.000 4.429 5.429 Total income 445,923 682,026 25
Science Festivals Nl Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 30 April 2024 2024 2023 Expenditure on charitable actlvitles Charitable activities Activities undertaken directly Wages and salaries Employer's NIC Pension costs Staff travel and subsistence Depreciation Loss on disposal of assets Training costs Performer & Speaker Travel Performer & Speaker Fees Subscriptions and memberships Project support costs Marketing Performer and production costs Event catering Venue costs Venue hire R&D Bad debt 112.751 6.478 5.111 1.133 677 173.388 11,350 4.994 2.653 632 384 1.192 10.254 83,075 239 13,752 56,803 913 12,669 93,130 128,277 189 778 33,450 (547) 73,000 52,181 834 40.033 176 25.559 412.693 532,815 Support costs Rent Insurance Other office costs General expenses 13.860 3.413 1,860 9.151 15,005 3,431 3.058 21.792 28.284 43,286 Governance costs Independent examiners fees Audit fees Legal and professional fees Accountancy fees Governance costs - other finance costs 2,100 3.780 11,064 936 219 2.306 154 14,319 6,240 Expenditure on charitable activities 455,296 582,341 Net {expenditure)lincome 19,373) 99,685 26