Charity Registration Number: 1170548 SPACE SCIENCE AND ENGINEERING FOUNDATION TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 SPACE SCIENCE AND ENGINEERING FOUNDATION CONTENTS Page Trustees. Teport Independent EKaminei's Raport Recèipts & Paymenls 80counl stalèment of as8els & Ilaiylilies Notes lo Ihg Accounts SPACE SCIENCE AND ENGINEERING FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST2021 The IruBte8$ pf8SBnl rwrtAnd aGwun15fLf 31 AuuuB12021 R8fèrence ond AdMI￿straI￿¢ Inlorfflotlon Charblyname SPACE SCENCEAND ENGINEERIk￿ FOUNDAT Ch£rlty Reglstsw•dnumb#r 1170548 Th￿51￿9 Mrjlan He Ichalmynl MsTrfBh&Sexena Ms Katheihe Ol￿r IEonNheai OrElithBth Carla l.uthman Dt ￿thard Charfe5Gh Honorary pi*sldenl Nli DEV￿ Dewooi Dlrecknfof Ed￿¢8￿¢￿ 04lr4a¢h JeMlferL CMo& Jomsion 3&32TrpbgtrthCMcenl Newquay Cotm11 TR7 10X Hnkers HSBC 18 KlTrJ Streel GpYpniG3rden WCE 8JF PFlnctpaloffic8 SWT2AZ SPACE SCIENCE AND ENGINEERING FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2021 Oblecls of the Chaiily To SUPWrtSdence. Spa¢9S1￿58s snd Er@neèilng Inlhe UTh*￿ ￿dI0 promoiè thèse subbct5 As ¢ar￿ChOIc&s. To owag&yowg pellpk freskJn Compptiuonythch sdoot a Iurfhertwdve lO￿lYr￿U[ Eknrdehts ltsaltend Ihe1SSDC ind￿lYT0 Iidp 6¢kK￿lS Iheirovm Spaoe 06￿0￿ C0mp&tldonspurdylorèdu¢atvJn￿ PLWOS. Thlgwork Is otten 5UPP)rtgd byvdunteEfs,thD qra @X-studen￿tho prevbu6ly1wk￿rt Ihè Space C￿lI￿n0882Thd ¢KrNwshtohelp sp￿￿ the b¢nBfit% ol lh8 lo olhers. Toencowé more ¢hSldi8n tosiudy STEM ISty6n¢è, TechnotO9y, E￿i￿e[￿O ar￿ Mathemat1￿}￿bI8C1S alGC* qndA Iwl bysUPPOrting the orggnL4&llon of'GaLydl Ch911eDges' 9-14 year old $iuthnis. Thla younger ag&gioup has beFn iai*led in rwDnselo STEM swd106 ih&l sugg95ll￿1pr￿0￿n9 STEMaubleois4llhlsoyB rarwjè can helpto |n¢Jr9a5è ofStud￿lS Ihatwiliow I081￿dY gt Q¢SE ￿dA￿V￿. Review olAtIl￿tEes The majDAtyolour tcd< plsce orlkne. Mrflh In 9xts$s o11,5008ludenb p8rt.ThÈS1￿dè￿tsB0ISd8d tt7r9Wf*￿nIth￿ UK 21 FIn￿ al KemetySpac8 CÈnl&r ollgndedonvnèduèlotravel ie$thGNon, although the bvenllt8e1f w￿a hymd ot In person and Inè. The eharity coniiwos lo h5Vè è balance of stsle S￿￿01& and wlwle s¢hnols. and simllartylhe gendgrrnix. th1￿¥￿[13b1e, ly oenerally 9quqI. Alstyè prOpO￿On of ourYdunlaEr8101 ili¥ tharily4ra a￿t￿nE0f prèvlous ￿mP￿titIOns￿￿O have gDnEon ts unfv8rslty, and lh￿rIn￿lIS InV￿￿￿ble k8eplno corn￿1111￿ Uplvdaki￿1th thFJ1g108tsad21 medl8, a6well H$wp￿￿ngjudYe5, CEO'S8￿ loohniu asslstsnls forlhe runnlw of Ihg ènd ttalaollG clbgl1er￿ÈS. Somgevenls argoowlullyalumnl led. and wo lo tty￿0d OLY ch gs ourv01￿leersbo￿T￿9 wr9 W￿¢￿nI Ènd rdiobb, OUr￿uMBl alSDprov￿9 rnUGh of kn1ollectu81 Propertyf￿11fj<￿￿*Ilkns. P￿blIC benefit Th@ truslees ts)nflmi Iha1th9y hav8 rgf@rr8d ID the In thé Chaiity ge￿ra4 guldanceon publlobBnsfftM4Kn Ih&cMrlty6 ams Obj￿￿¥@￿ In pl8nnlng fuiw?a¢UvSbOS and pro1￿t￿. Ow m￿n 90tNllièX andvthDwe glin io h8lp otsllhed akn&. Lml of Rese￿e• A131slAucus12021 ih&thartty hdd£S4511.C6 unr9&1ritièd fundA. Th98e Iwxls ofB ￿ld In tsrdtttomegtany unfvrOa4&Daxpandlture moyoGcw. Rlsk Mwagememt Th8 tru61oBEhav8 a¥sè￿d m9lorrisks th8 charfly k g%pwd. in pgrtlvJlgrth09è related tolhgoporoiiwts and Ilnanc684nd studoni$*f*yoI thè chorily ars th818yStems arg lo￿￿9ate0urexP?￿u1￿tstt￿ malcrff16k8. Thg aGwnis weia ÈPprv￿d bylhe Btsrd w1711212D22 slgn8d onlhèly behalf by.. Trlsho Saxena Twtsie SPACE SCIENCE AND ENGINEERING FOUNDATION INDEPENDENT EXAMINERS. FIEPORT TO THE TRUSTEES OF SPACE SCIENCE AND ENGINEERING FOUNDATION I rewt on Ihb aetounts ofiie charity fDr thB year ended 31 Au9usI 2021. whlch seloutoTr payas 4 10 8. Respec16ve responslbllltios of trustees and examiner Th& chaillls Iru51ees are 195ponsible IGr the of Bccoun15. The charl1* Irugt4es considgr that an 8udlt i% ThDI required for lh￿ year undar section 144121 ol Ihe Charilies Act 2011 Ilho 2011 Act) and that an IndbpÈndenl examina140n1s need￿. 11 my rospDTrslblllly Its.. - exsminè ihe a¢¢ounl$ uThdèrseciion 14$ ol Ihe 2011 Act)., lo follow the procedures lald down In thè Gen9ral Dirgcllons glven by the Ch￿ty Commls¥ltyDor under Secti￿ 14515Mbl of ihg 2011 A¢ll,' and - io stak￿￿01h￿r partkuiar matters h&va COMÈ lo myaitenlkn. Basis Df inthpendent examinerf8 ¥t•lèmeTht My ￿amination WAS cairfed oul In accordance wlh IhB Sgnoral DIiB¢llons given by tho Charlty Commls6iDn&r. An oxamlnaNDn In¢ludgs a rayi8w ol th6 8ccounllng rgcDrd5 R@ptby the chafily and a comparfson ol the accounts pra5enled with IhDse record%. 11 a150 Inttlvdes c¢Jnsideial￿n DI èny unusual items N dlsclo$ures in Ihe accounls. the Seeking of xplqnalion5 Irom you as Irus199s wncerDing any 5uc* matttsrs. Tho pioceduies undgrtakon fjo not prowde am the gvld8fKE thal WDUW be requlied in arn a￿dI1 8nd, consoquonlly no opinEoTh 15 Livon as lo whBlh&y ihe accounts prps9nt a'tsuÈ lair vi*¢ and Ihg ¥gPDrt15 lkniied to ￿0¥0 m&iiefs sel oul In Ihg $ts18m8nl klow. Independent pxamlner's statement In WI￿ my examihalon. np malter*es com910 tThyaltenllcn'. glvos mo rea5￿8b19 caustr lo bBlbYe thal, in any mg1911¥1 ragpoci, Ihe require￿9n1￿-. - to keep accounling recotds aCcordan￿V￿1h sv¢llon 130 ofthe 2011 knt", and - to prepare ar(￿nIS whlth éccordwilh tho accounluig records ond Io CDmWywlth the aCcDUn￿n￿ roqulr¢mants of the 2011 Act hav6 notbeen mel,. or 2110 in my opinlon. attenlkjn b¢ dra¥vn kn order lo enable a prop¢r und8r51andlng of Ihp &ccOUDts lo be lèached. Phil Lam¢rtoTh FCCA Ciane & Jthnston ¢hartwEd Certified Accouni•rbts 3￿32 Treliarwlth Cr£$￿1 Newquay SPACE SCIENCE AND ENGINEERING FOUNDATION RECEIPTS & PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2021 Unrestricted Total Funds 2021 Total 2020 RECEIPTS Recelpts from Gharltable actlvltles.. DDnAlion GranlB ReiThbursamenl 75,477 10,000 75.477 10,000 630 92.525 25,500 830 sub total 88.107 86,107 118,855 Other Income CJRS & Covid SSP 14.004 14,004 6,915 Total Recelpts 100,111 100.111 125,770 Cctsts of charllable aGtlvltlo$'. Wages & sglarS8S Olhgr professional f888 1T & Softy￿re Oftlce Exp, Postgge & slationery Mobi Subscription Bank charges Travel & Subslstanc AccounlanGy Rent Sundry 55,684 1,500 654 987 1.148 79 39 8,1 $2 3,492 55.684 1,500 34,138 9,060 857 891 1,148 79 39 9,152 3.492 10,388 38 36 1,016 Sub tot 72,751 72,751 58,050 Asset & Investment PUTGhtt$es Loans repald GSDC Loan 11,399 11,777 11.399 11,777 25,000 Totsl payment5 95,927 95.927 93,050 NET OF IPAYMENTSIIRECEIPTS FOR THE YEAR 4,184 4.184 32,719 ash funds last y8ar end 60.328 50,326 17,807 CASH FUNDS THIS YEAR END 54,511 54,511 50,328 SPACE SCIENCE AND ENGINEERING FOUNDATION STATEMENT OF ASSETS & LIABILITIES AS AT 31 AUGUST 2021 2021 2020 Cash funds Cash •t bank 54,511 60,326 Assets retalned for the ¢hartty'5 ¢)wn use W&b51te 9,800 9,800 Curient Assets Losn8 Wagg8 CJRSIC-19 SSP 11.063 1,3B2 16,807 1,382 1,976 19,166 Curn•n¢ Llabllltle5 Taxès and Stscia $8curity c4$1s 7,941 5,583 7,941 5.583 The accounts approved by Ihe Board on 1711212022 slgned on th￿r bBhsll by.. Trlsha Saxena Tru8lee SPACE SCIENCE AND ENGINEERING FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 Accountlng policles 1.1 Ba515 gf preparation Tha accounts have beèn Prepar￿ on Ihe receipts and payments basls. Th@ xeount8 are In acfjordanco ￿th apv1c￿e acGounllw standards and ¢(mplywth the Gharlty (ACCO￿t5 and Report81 regulation Issued under Ihe Chgrttles Aet2011. 1.2 Recelpts R￿alpiS aFethetotal amovnt5 recefved byth8 charttyfor 8UPPOrtkng Ilw Sw D?￿gTh G0mpÈll￿0n. la Payrnenls Expendilurè Is IndLblad on a payment ba￿8, Inclu51ve of VAT whlch cannol be recovered Trustaes None ofthetsu8tees lor any persons connected with them) have recelved any renUmera￿On durfng Ihe year. The foll￿ng Trustees b8en re1mbuis8d lor general expenses. ErnployÈes 31IOW2021 Nurnber Averaye numb8r of emt4oyÈes durlng the year There were no employeeswh¢se 8mduMEnts were £80.0￿ orm(Tr.